Document:

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                                                                   EXHIBIT 10.42

(WOLVERINE TUBE, INC. LOGO)
WOLVERINE TUBE, INC.
A WORLD-CLASS QUALITY PARTNER
================================================================================

October 24, 2005

Dear Employee:

Re:      Underwater Employee Stock Options

We are pleased to inform you that on October 18, 2005, the Board of Directors of
the Company decided to accelerate the vesting of all unvested options you hold
that are "underwater" as of that date.

Underwater options are options with a strike price greater than $7.42, which was
the closing price of the Company stock on October 18, 2005. You were granted
these options under the Company's 2003 Employee Incentive Plan during 2004
and/or 2005.

You will receive, under separate cover, a statement which will show exactly
which options were affected by this action. If you would like more details, log
on to the Company's website, and read the October 24, 2005 8-k filing with the
Securities and Exchange Commission.

Remember, all trades in Company stock are governed by the Company's Insider
Trading Policy.

If you have any questions about what this means to you, please contact Teri
Holland at (256) 580-3513.

Sincerely yours,

Jim Neill
Director of Human Resources.<PAGE>

                                                                    EXHIBIT 10.3

                  HAVERTY FURNITURE COMPANIES, INC. THRIFT PLAN
                            RESTATED JANUARY 1, 2005

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                                TABLE OF CONTENTS

<TABLE>
<S>                                                                           <C>
                                    ARTICLE I
                                   DEFINITIONS

                                   ARTICLE II
                                 ADMINISTRATION

2.1  POWERS AND RESPONSIBILITIES OF THE EMPLOYER...........................   13
2.2  DESIGNATION OF ADMINISTRATIVE AUTHORITY...............................   13
2.3  POWERS AND DUTIES OF THE ADMINISTRATOR................................   14
2.4  RECORDS AND REPORTS...................................................   15
2.5  APPOINTMENT OF ADVISERS...............................................   15
2.6  PAYMENT OF EXPENSES...................................................   15
2.7  CLAIMS PROCEDURE......................................................   16
2.8  CLAIMS REVIEW PROCEDURE...............................................   16

                                   ARTICLE III
                                   ELIGIBILITY

3.1  CONDITIONS OF ELIGIBILITY.............................................   17
3.2  EFFECTIVE DATE OF PARTICIPATION.......................................   17
3.3  DETERMINATION OF ELIGIBILITY..........................................   17
3.4  TERMINATION OF ELIGIBILITY............................................   17
3.5  OMISSION OF ELIGIBLE EMPLOYEE.........................................   18
3.6  INCLUSION OF INELIGIBLE EMPLOYEE......................................   18
3.7  REHIRED EMPLOYEES AND BREAKS IN SERVICE...............................   18
3.8  ELECTION NOT TO PARTICIPATE...........................................   19

                                   ARTICLE IV
                           CONTRIBUTION AND ALLOCATION

4.1  FORMULA FOR DETERMINING EMPLOYER CONTRIBUTION.........................   19
4.2  PARTICIPANT'S SALARY REDUCTION ELECTION...............................   20
4.3  TIME OF PAYMENT OF EMPLOYER CONTRIBUTION..............................   24
4.4  ALLOCATION OF CONTRIBUTION AND EARNINGS...............................   24
4.5  ACTUAL DEFERRAL PERCENTAGE TESTS......................................   28
4.6  ADJUSTMENT TO ACTUAL DEFERRAL PERCENTAGE TESTS........................   30
4.7  ACTUAL CONTRIBUTION PERCENTAGE TESTS..................................   33
</TABLE>

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<TABLE>
<S>                                                                           <C>
4.8  ADJUSTMENT TO ACTUAL CONTRIBUTION PERCENTAGE TESTS....................   36
4.9  MAXIMUM ANNUAL ADDITIONS..............................................   38
4.10 ADJUSTMENT FOR EXCESSIVE ANNUAL ADDITIONS.............................   40
4.11 ROLLOVERS AND PLAN-TO-PLAN TRANSFERS FROM QUALIFIED PLANS.............   42
4.12 DIRECTED INVESTMENT ACCOUNT...........................................   43
4.13 QUALIFIED MILITARY SERVICE............................................   45

                                    ARTICLE V
                                   VALUATIONS

5.1  VALUATION OF THE TRUST FUND...........................................   45
5.2  METHOD OF VALUATION...................................................   46

                                   ARTICLE VI
                   DETERMINATION AND DISTRIBUTION OF BENEFITS

6.1  DETERMINATION OF BENEFITS UPON RETIREMENT.............................   46
6.2  DETERMINATION OF BENEFITS UPON DEATH..................................   46
6.3  DETERMINATION OF BENEFITS IN EVENT OF DISABILITY......................   48
6.4  DETERMINATION OF BENEFITS UPON TERMINATION............................   48
6.5  DISTRIBUTION OF BENEFITS..............................................   49
6.6  DISTRIBUTION OF BENEFITS UPON DEATH...................................   51
6.7  TIME OF SEGREGATION OR DISTRIBUTION...................................   52
6.8  DISTRIBUTION FOR MINOR OR INCOMPETENT BENEFICIARY.....................   52
6.9  LOCATION OF PARTICIPANT OR BENEFICIARY UNKNOWN........................   53
6.10 PRE-RETIREMENT DISTRIBUTION...........................................   53
6.11 ADVANCE DISTRIBUTION FOR HARDSHIP.....................................   53
6.12 QUALIFIED DOMESTIC RELATIONS ORDER DISTRIBUTION.......................   55
6.13 DIRECT ROLLOVER.......................................................   55

                                   ARTICLE VII
                       AMENDMENT, TERMINATION AND MERGERS

7.1  AMENDMENT.............................................................   56
7.2  TERMINATION...........................................................   57
7.3  MERGER, CONSOLIDATION OR TRANSFER OF ASSETS...........................   58
</TABLE>

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<TABLE>
<S>                                                                           <C>
                                  ARTICLE VIII
                                    TOP HEAVY

8.1  TOP HEAVY PLAN REQUIREMENTS...........................................   58
8.2  DETERMINATION OF TOP HEAVY STATUS.....................................   58

                                   ARTICLE IX
                                  MISCELLANEOUS

9.1  PARTICIPANT'S RIGHTS..................................................   61
9.2  ALIENATION............................................................   61
9.3  CONSTRUCTION OF PLAN..................................................   62
9.4  GENDER AND NUMBER.....................................................   62
9.5  LEGAL ACTION..........................................................   62
9.6  PROHIBITION AGAINST DIVERSION OF FUNDS................................   62
9.7  EMPLOYER'S AND TRUSTEE'S PROTECTIVE CLAUSE............................   63
9.8  INSURER'S PROTECTIVE CLAUSE...........................................   63
9.9  RECEIPT AND RELEASE FOR PAYMENTS......................................   63
9.10 ACTION BY THE EMPLOYER................................................   64
9.11 NAMED FIDUCIARIES AND ALLOCATION OF RESPONSIBILITY....................   64
9.12 HEADINGS..............................................................   64
9.13 APPROVAL BY INTERNAL REVENUE SERVICE..................................   64
9.14 UNIFORMITY............................................................   65

                                    ARTICLE X
                             PARTICIPATING EMPLOYERS

10.1 ADOPTION BY OTHER EMPLOYERS...........................................   65
10.2 REQUIREMENTS OF PARTICIPATING EMPLOYERS...............................   65
10.3 DESIGNATION OF AGENT..................................................   65
10.4 EMPLOYEE TRANSFERS....................................................   65
10.5 PARTICIPATING EMPLOYER CONTRIBUTION AND FORFEITURES...................   66
10.6 AMENDMENT.............................................................   66
10.7 DISCONTINUANCE OF PARTICIPATION.......................................   66
10.8 ADMINISTRATOR'S AUTHORITY.............................................   66
</TABLE>

<PAGE>

                  HAVERTY FURNITURE COMPANIES, INC. THRIFT PLAN
                            RESTATED JANUARY 1, 2005

          THIS PLAN, hereby adopted this 1st day of December,2005
by HAVERTY FURNITURE COMPANIES, INC. (herein referred to as the "Employer").

                                   WITNESSETH:

          WHEREAS, the Employer heretofore established a Profit Sharing Plan
effective January 1, 1985, (hereinafter called the "Effective Date") known as
HAVERTY FURNITURE COMPANIES, INC. THRIFT PLAN Restated January 1, 2005 (herein
referred to as the "Plan") in recognition of the contribution made to its
successful operation by its employees and for the exclusive benefit of its
eligible employees; and

          WHEREAS, under the terms of the Plan, the Employer has the ability to
amend the Plan, provided the Trustee joins in such amendment if the provisions
of the Plan affecting the Trustee are amended;

          NOW, THEREFORE, effective January 1, 2005, except as otherwise
provided, the Employer in accordance with the provisions of the Plan pertaining
to amendments thereof, hereby amends the Plan in its entirety and restates the
Plan to provide as follows:

                                    ARTICLE I
                                   DEFINITIONS

     1.1 "Act" means the Employee Retirement Income Security Act of 1974, as it
may be amended from time to time.

     1.2 "Administrator" means the Employer unless another person or entity has
been designated by the Employer pursuant to Section 2.2 to administer the Plan
on behalf of the Employer.

     1.3 "Affiliated Employer" means any corporation which is a member of a
controlled group of corporations (as defined in Code Section 414(b)) which
includes the Employer; any trade or business (whether or not incorporated) which
is under common control (as defined in Code Section 414(c)) with the Employer;
any organization (whether or not incorporated) which is a member of an
affiliated service group (as defined in Code Section 414(m)) which includes the
Employer; and any other entity required to be aggregated with the Employer
pursuant to Regulations under Code Section 414(o).

     1.4 "Aggregate Account" means, with respect to each Participant, the value
of all accounts maintained on behalf of a Participant, whether attributable to
Employer or Employee contributions, subject to the provisions of Section 8.2.

     1.5 "Anniversary Date" means the last day of the Plan Year.

     1.6 "Beneficiary" means the person (or entity) to whom the share of a
deceased Participant's total account is payable, subject to the restrictions of
Sections 6.2 and 6.6.

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     1.7 "Code" means the Internal Revenue Code of 1986, as amended or replaced
from time to time.

     1.8 "Compensation" with respect to any Participant means such Participant's
wages for the Plan Year within the meaning of Code Section 3401(a) (for the
purposes of income tax withholding at the source) but determined without regard
to any rules that limit the remuneration included in wages based on the nature
or location of the employment or the services performed (such as the exception
for agricultural labor in Code Section 3401(a)(2)).

          For purposes of this Section, the determination of Compensation shall
be made by:

               (a) excluding (even if includible in gross income) reimbursements
          or other expense allowances, fringe benefits (cash or noncash), moving
          expenses, deferred compensation, and welfare benefits.

               (b) including amounts which are contributed by the Employer
          pursuant to a salary reduction agreement and which are not includible
          in the gross income of the Participant under Code Sections 125,
          132(f)(4), 402(e)(3), 402(h)(1)(B), 403(b) or 457(b), and Employee
          contributions described in Code Section 414(h)(2) that are treated as
          Employer contributions.

          For a Participant's initial year of participation, Compensation shall
be recognized as of such Employee's effective date of participation pursuant to
Section 3.2.

          Compensation in excess of $150,000 (or such other amount provided in
the Code) shall be disregarded for all purposes other than for purposes of
salary deferral elections pursuant to Section 4.2. Such amount shall be adjusted
for increases in the cost of living in accordance with Code Section
401(a)(17)(B), except that the dollar increase in effect on January 1 of any
calendar year shall be effective for the Plan Year beginning with or within such
calendar year. For any short Plan Year the Compensation limit shall be an amount
equal to the Compensation limit for the calendar year in which the Plan Year
begins multiplied by the ratio obtained by dividing the number of full months in
the short Plan Year by twelve (12).

          If any class of Employees is excluded from the Plan, then Compensation
for any Employee who becomes eligible or ceases to be eligible to participate
during a Plan Year shall only include Compensation while the Employee is an
Eligible Employee.

          For purposes of this Section, if the Plan is a plan described in Code
Section 413(c) or 414(f) (a plan maintained by more than one Employer), the
limitation applies separately with respect to the Compensation of any
Participant from each Employer maintaining the Plan.

     1.9 "Contract" or "Policy" means any life insurance policy, retirement
income policy or annuity contract (group or individual) issued pursuant to the
terms of the Plan. In the event of any conflict between the terms of this Plan
and the terms of any contract purchased hereunder, the Plan provisions shall
control.

     1.10 "Deferred Compensation" with respect to any Participant means the
amount of the Participant's total Compensation which has been contributed to the
Plan in accordance with the

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Participant's deferral election pursuant to Section 4.2 excluding any such
amounts distributed as excess "annual additions" pursuant to Section 4.10(a).

     1.11 "Designated Investment Alternative" means a specific investment
identified by name by the Employer (or such other Fiduciary who has been given
the authority to select investment options) as an available investment under the
Plan to which Plan assets may be invested by the Trustee pursuant to the
investment direction of a Participant.

     The Employer may designate as a Designated Investment Alternative
"qualifying Employer securities" as defined in Section 407 of the Act, in which
case the Trustee shall be empowered to acquire and hold up to 100% of the fair
market value of all the assets in the Trust Fund in 'qualifying Employer
securities.' The Trust Fund may hold 'qualifying Employer securities' in the
form of a stock fund established and maintained as agreed to by the Employer and
the Trustee. Any reference in this Section to "qualifying Employer securities"
also includes a stock fund.

     The Trustee shall vote, tender and otherwise act with respect to qualifying
Employer securities held in the Trust Fund as directed in writing (which may be
a continuing direction) by the Employer.

     1.12 "Directed Investment Option" means one or more of the following:

               (a) a Designated Investment Alternative.

               (b) any other investment permitted by the Plan and the
          Participant Direction Procedures to which Plan assets may be invested
          by the Trustee pursuant to the investment direction of a Participant.

     1.13 "Early Retirement Date." This Plan does not provide for a retirement
date prior to Normal Retirement Date.

     1.14 "Elective Contribution" means the Employer contributions to the Plan
of Deferred Compensation excluding any such amounts distributed as excess
"annual additions" pursuant to Section 4.10(a). In addition, any Employer
Qualified Non-Elective Contribution made pursuant to Section 4.1(c) and Section
4.6(b) which is used to satisfy the "Actual Deferral Percentage" tests shall be
considered an Elective Contribution for purposes of the Plan. Any contributions
deemed to be Elective Contributions (whether or not used to satisfy the "Actual
Deferral Percentage" tests or the "Actual Contribution Percentage" tests) shall
be subject to the requirements of Sections 4.2(b) and 4.2(c) and shall further
be required to satisfy the nondiscrimination requirements of Regulation
1.401(k)-1(b)(5) and Regulation 1.401(m)-1(b)(5), the provisions of which are
specifically incorporated herein by reference.

     1.15 "Eligible Employee" means any Employee.

          Employees who are Leased Employees within the meaning of Code Sections
414(n)(2) and 414(o)(2) shall not be eligible to participate in this Plan.

          Employees whose employment is governed by the terms of a collective
bargaining agreement between Employee representatives (within the meaning of
Code Section 7701(a)(46)) and the Employer under which retirement benefits were
the subject of good

                                        3

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faith bargaining between the parties will not be eligible to participate in this
Plan unless such agreement expressly provides for coverage in this Plan.

          Employees of Affiliated Employers shall not be eligible to participate
in this Plan unless such Affiliated Employers have specifically adopted this
Plan in writing.

          Employees classified by the Employer as independent contractors who
are subsequently determined by the Internal Revenue Service to be Employees
shall not be Eligible Employees.

     1.16 "Employee" means any person who is employed by the Employer or
Affiliated Employer, and excludes any person who is employed as an independent
contractor. Employee shall include Leased Employees within the meaning of Code
Sections 414(n)(2) and 414(o)(2) unless such Leased Employees are covered by a
plan described in Code Section 414(n)(5) and such Leased Employees do not
constitute more than 20% of the recipient's non-highly compensated work force.

     1.17 "Employer" means HAVERTY FURNITURE COMPANIES, INC. and any successor
which shall maintain this Plan; and any predecessor which has maintained this
Plan. The Employer is a corporation, with principal offices in the State of
Georgia. In addition, where appropriate, the term Employer shall include any
Participating Employer (as defined in Section 10.1) which shall adopt this Plan.

     1.18 "Excess Aggregate Contributions" means, with respect to any Plan Year,
the excess of the aggregate amount of the Employer matching contributions made
pursuant to Section 4.1(b) and any qualified non-elective contributions or
elective deferrals taken into account pursuant to Section 4.7(c) on behalf of
Highly Compensated Participants for such Plan Year, over the maximum amount of
such contributions permitted under the limitations of Section 4.7(a) (determined
by hypothetically reducing contributions made on behalf of Highly Compensated
Participants in order of the actual contribution ratios beginning with the
highest of such ratios). Such determination shall be made after first taking
into account corrections of any Excess Deferred Compensation pursuant to Section
4.2 and taking into account any adjustments of any Excess Contributions pursuant
to Section 4.6.

     1.19 "Excess Contributions" means, with respect to a Plan Year, the excess
of Elective Contributions used to satisfy the "Actual Deferral Percentage" tests
made on behalf of Highly Compensated Participants for the Plan Year over the
maximum amount of such contributions permitted under Section 4.5(a) (determined
by hypothetically reducing contributions made on behalf of Highly Compensated
Participants in order of the actual deferral ratios beginning with the highest
of such ratios). Excess Contributions shall be treated as an "annual addition"
pursuant to Section 4.9(b).

     1.20 "Excess Deferred Compensation" means, with respect to any taxable year
of a Participant, the excess of the aggregate amount of such Participant's
Deferred Compensation and the elective deferrals pursuant to Section 4.2(f)
actually made on behalf of such Participant for such taxable year, over the
dollar limitation provided for in Code Section 402(g), which is incorporated
herein by reference. Excess Deferred Compensation shall be treated as an "annual
addition" pursuant to Section 4.9(b) when contributed to the Plan unless
distributed to the affected Participant not later than the first April 15th
following the close of the Participant's taxable year. Additionally, for
purposes of Sections 8.2 and 4.4(f), Excess Deferred

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Compensation shall continue to be treated as Employer contributions even if
distributed pursuant to Section 4.2(f). However, Excess Deferred Compensation of
Non-Highly Compensated Participants is not taken into account for purposes of
Section 4.5(a) to the extent such Excess Deferred Compensation occurs pursuant
to Section 4.2(d).

     1.21 "Fiduciary" means any person who (a) exercises any discretionary
authority or discretionary control respecting management of the Plan or
exercises any authority or control respecting management or disposition of its
assets, (b) renders investment advice for a fee or other compensation, direct or
indirect, with respect to any monies or other property of the Plan or has any
authority or responsibility to do so, or (c) has any discretionary authority or
discretionary responsibility in the administration of the Plan.

     1.22 "Fiscal Year" means the Employer's accounting year of 12 months
commencing on January 1 of each year and ending the following December 31.

     1.23 "Forfeiture" means that portion of a Participant's Account that is not
Vested, and occurs on the earlier of:

               (a) the distribution of the entire Vested portion of the
          Participant's Account of a Former Participant who has severed
          employment with the Employer. For purposes of this provision, if the
          Former Participant has a Vested benefit of zero, then such Former
          Participant shall be deemed to have received a distribution of such
          Vested benefit as of the year in which the severance of employment
          occurs, or

               (b) the last day of the Plan Year in which a Former Participant
          who has severed employment with the Employer incurs five (5)
          consecutive 1-Year Breaks in Service.

          Regardless of the preceding provisions, if a Former Participant is
eligible to share in the allocation of Employer contributions or Forfeitures in
the year in which the Forfeiture would otherwise occur, then the Forfeiture will
not occur until the end of the first Plan Year for which the Former Participant
is not eligible to share in the allocation of Employer contributions or
Forfeitures. Furthermore, the term "Forfeiture" shall also include amounts
deemed to be Forfeitures pursuant to any other provision of this Plan.

     1.24 "Former Participant" means a person who has been a Participant, but
who has ceased to be a Participant for any reason.

     1.25 "415 Compensation" with respect to any Participant means such
Participant's wages for the Plan Year within the meaning of Code Section 3401(a)
(for the purposes of income tax withholding at the source) but determined
without regard to any rules that limit the remuneration included in wages based
on the nature or location of the employment or the services performed (such as
the exception for agricultural labor in Code Section 3401(a)(2)).

          For purposes of this Section, the determination of "415 Compensation"
shall include any elective deferral (as defined in Code Section 402(g)(3)), and
any amount which is contributed or deferred by the Employer at the election of
the Participant and which is not includible in the gross income of the
Participant by reason of Code Sections 125, 132(f)(4) or 457.

                                        5

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     1.26 "414(s) Compensation" means any definition of compensation that
satisfies the nondiscrimination requirements of Code Section 414(s) and the
Regulations thereunder. The period for determining 414(s) Compensation must be
either the Plan Year or the calendar year ending with or within the Plan Year.
An Employer may further limit the period taken into account to that part of the
Plan Year or calendar year in which an Employee was a Participant in the
component of the Plan being tested. The period used to determine 414(s)
Compensation must be applied uniformly to all Participants for the Plan Year.

     1.27 "Highly Compensated Employee" means an Employee described in Code
Section 414(q) and the Regulations thereunder, and generally means any Employee
who:

               (a) was a "five percent owner" as defined in Section 1.32(c) at
          any time during the "determination year" or the "look-back year"; or

               (b) for the "look-back year" had "415 Compensation" from the
          Employer in excess of $80,000 and was in the Top-Paid Group for the
          "look-back year." The $80,000 amount is adjusted at the same time and
          in the same manner as under Code Section 415(d), except that the base
          period is the calendar quarter ending September 30, 1996.

          The "determination year" means the Plan Year for which testing is
being performed, and the "look-back year" means the immediately preceding twelve
(12) month period.

          A highly compensated former Employee is based on the rules applicable
to determining Highly Compensated Employee status as in effect for the
"determination year," in accordance with Regulation 1.414(q)-1T, A-4 and IRS
Notice 97-45 (or any superseding guidance).

          In determining who is a Highly Compensated Employee, Employees who are
non-resident aliens and who received no earned income (within the meaning of
Code Section 911(d)(2)) from the Employer constituting United States source
income within the meaning of Code Section 861(a)(3) shall not be treated as
Employees. Additionally, all Affiliated Employers shall be taken into account as
a single employer and Leased Employees within the meaning of Code Sections
414(n)(2) and 414(o)(2) shall be considered Employees unless such Leased
Employees are covered by a plan described in Code Section 414(n)(5) and are not
covered in any qualified plan maintained by the Employer. The exclusion of
Leased Employees for this purpose shall be applied on a uniform and consistent
basis for all of the Employer's retirement plans. Highly Compensated Former
Employees shall be treated as Highly Compensated Employees without regard to
whether they performed services during the "determination year."

     1.28 "Highly Compensated Participant" means any Highly Compensated Employee
who is eligible to participate in the component of the Plan being tested.

     1.29 "Hour of Service" means, for purposes of eligibility for participation
and vesting, (1) each hour for which an Employee is directly or indirectly
compensated or entitled to compensation by the Employer for the performance of
duties (these hours will be credited to the Employee for the computation period
in which the duties are performed); (2) each hour for

                                        6

<PAGE>

which an Employee is directly or indirectly compensated or entitled to
compensation by the Employer (irrespective of whether the employment
relationship has terminated) for reasons other than performance of duties (such
as vacation, holidays, sickness, jury duty, disability, lay-off, military duty
or leave of absence) during the applicable computation period (these hours will
be calculated and credited pursuant to Department of Labor regulation
2530.200b-2 which is incorporated herein by reference); (3) each hour for which
back pay is awarded or agreed to by the Employer without regard to mitigation of
damages (these hours will be credited to the Employee for the computation period
or periods to which the award or agreement pertains rather than the computation
period in which the award, agreement or payment is made). The same Hours of
Service shall not be credited both under (1) or (2), as the case may be, and
under (3).

          Notwithstanding (2) above, (i) no more than 501 Hours of Service are
required to be credited to an Employee on account of any single continuous
period during which the Employee performs no duties (whether or not such period
occurs in a single computation period); (ii) an hour for which an Employee is
directly or indirectly paid, or entitled to payment, on account of a period
during which no duties are performed is not required to be credited to the
Employee if such payment is made or due under a plan maintained solely for the
purpose of complying with applicable worker's compensation, or unemployment
compensation or disability insurance laws; and (iii) Hours of Service are not
required to be credited for a payment which solely reimburses an Employee for
medical or medically related expenses incurred by the Employee.

          For purposes of (2) above, a payment shall be deemed to be made by or
due from the Employer regardless of whether such payment is made by or due from
the Employer directly, or indirectly through, among others, a trust fund, or
insurer, to which the Employer contributes or pays premiums and regardless of
whether contributions made or due to the trust fund, insurer, or other entity
are for the benefit of particular Employees or are on behalf of a group of
Employees in the aggregate.

          For purposes of this Section, Hours of Service will be credited for
employment with other Affiliated Employers. The provisions of Department of
Labor regulations 2530.200b-2(b) and (c) are incorporated herein by reference.

     1.30 "Income" means the income or losses allocable to Excess Deferred
Compensation, Excess Contributions or Excess Aggregate Contributions which
amount shall be allocated in the same manner as income or losses are allocated
pursuant to Section 4.4(e).

     1.31 "Investment Manager" means an entity that (a) has the power to manage,
acquire, or dispose of Plan assets and (b) acknowledges fiduciary responsibility
to the Plan in writing. Such entity must be a person, firm, or corporation
registered as an investment adviser under the Investment Advisers Act of 1940, a
bank, or an insurance company.

     1.32 "Key Employee" means an Employee as defined in Code Section 416(i) and
the Regulations thereunder. Generally, any Employee or former Employee (as well
as each of the Employee's or former Employee's Beneficiaries) is considered a
Key Employee if the Employee, at any time during the Plan Year that contains the
"Determination Date" or any of the preceding four (4) Plan Years, has been
included in one of the following categories:

               (a) an officer of the Employer (as that term is defined within
          the meaning of the Regulations under Code Section 416) having annual
          "415

                                        7

<PAGE>

          Compensation" greater than 50 percent of the amount in effect under
          Code Section 415(b)(1)(A) for any such Plan Year.

               (b) one of the ten employees having annual "415 Compensation"
          from the Employer for a Plan Year greater than the dollar limitation
          in effect under Code Section 415(c)(1)(A) for the calendar year in
          which such Plan Year ends and owning (or considered as owning within
          the meaning of Code Section 318) both more than one-half percent
          interest and the largest interests in the Employer.

               (c) a "five percent owner" of the Employer. "Five percent owner"
          means any person who owns (or is considered as owning within the
          meaning of Code Section 318) more than five percent (5%) of the
          outstanding stock of the Employer or stock possessing more than five
          percent (5%) of the total combined voting power of all stock of the
          Employer or, in the case of an unincorporated business, any person who
          owns more than five percent (5%) of the capital or profits interest in
          the Employer. In determining percentage ownership hereunder, employers
          that would otherwise be aggregated under Code Sections 414(b), (c),
          (m) and (o) shall be treated as separate employers.

               (d) a "one percent owner" of the Employer having an annual "415
          Compensation" from the Employer of more than $150,000. "One percent
          owner" means any person who owns (or is considered as owning within
          the meaning of Code Section 318) more than one percent (1%) of the
          outstanding stock of the Employer or stock possessing more than one
          percent (1%) of the total combined voting power of all stock of the
          Employer or, in the case of an unincorporated business, any person who
          owns more than one percent (1%) of the capital or profits interest in
          the Employer. In determining percentage ownership hereunder, employers
          that would otherwise be aggregated under Code Sections 414(b), (c),
          (m) and (o) shall be treated as separate employers. However, in
          determining whether an individual has "415 Compensation" of more than
          $150,000, "415 Compensation" from each employer required to be
          aggregated under Code Sections 414(b), (c), (m) and (o) shall be taken
          into account.

          For purposes of this Section, the determination of "415 Compensation"
shall be made by including amounts which are contributed by the Employer
pursuant to a salary reduction agreement and which are not includible in the
gross income of the Participant under Code Sections 125, 132(f)(4), 402(e)(3),
402(h)(1)(B), 403(b) or 457(b), and Employee contributions described in Code
Section 414(h)(2) that are treated as Employer contributions.

     1.33 "Late Retirement Date" means the first day of the month coinciding
with or next following a Participant's actual Retirement Date after having
reached Normal Retirement Date.

     1.34 "Leased Employee" means any person (other than an Employee of the
recipient Employer) who pursuant to an agreement between the recipient Employer
and any other person or entity ("leasing organization") has performed services
for the recipient (or for the recipient and related persons determined in
accordance with Code Section 414(n)(6)) on a substantially full time basis for a
period of at least one year, and such services are performed under primary
direction or control by the recipient Employer. Contributions or benefits
provided a Leased Employee by the leasing organization which are attributable to
services performed for the recipient Employer shall be treated as provided by
the recipient Employer. Furthermore,

                                        8

<PAGE>

Compensation for a Leased Employee shall only include Compensation from the
leasing organization that is attributable to services performed for the
recipient Employer. A Leased Employee shall not be considered an Employee of the
recipient Employer:

               (a) if such employee is covered by a money purchase pension plan
          providing:

               (1) a nonintegrated employer contribution rate of at least 10% of
               compensation, as defined in Code Section 415(c)(3);

               (2) immediate participation;

               (3) full and immediate vesting; and

               (b) if Leased Employees do not constitute more than 20% of the
          recipient Employer's nonhighly compensated work force.

     1.35 "Non-Elective Contribution" means the Employer contributions to the
Plan excluding, however, contributions made pursuant to the Participant's
deferral election provided for in Section 4.2 and any Qualified Non-Elective
Contribution used in the "Actual Deferral Percentage" tests.

     1.36 "Non-Highly Compensated Participant" means any Participant who is not
a Highly Compensated Employee. However, for purposes of Section 4.5(a) and
Section 4.6, if the prior year testing method is used, a Non-Highly Compensated
Participant shall be determined using the definition of Highly Compensated
Employee in effect for the preceding Plan Year.

     1.37 "Non-Key Employee" means any Employee or former Employee (and such
Employee's or former Employee's Beneficiaries) who is not, and has never been a
Key Employee.

     1.38 "Normal Retirement Age" means the Participant's 65th birthday, or the
Participant's fifth anniversary of joining the Plan, if later. A Participant
shall become fully Vested in the Participant's Account upon attaining Normal
Retirement Age.

     1.39 "Normal Retirement Date" means the first day of the month coinciding
with or next following the Participant's Normal Retirement Age.

     1.40 "1-Year Break in Service" means, for purposes of eligibility for
participation and vesting, the applicable computation period during which an
Employee has not completed more than 500 Hours of Service with the Employer.
Further, solely for the purpose of determining whether a Participant has
incurred a 1-Year Break in Service, Hours of Service shall be recognized for
"authorized leaves of absence" and "maternity and paternity leaves of absence."
Years of Service and 1-Year Breaks in Service shall be measured on the same
computation period.

          "Authorized leave of absence" means an unpaid, temporary cessation
from active employment with the Employer pursuant to an established
nondiscriminatory policy, whether occasioned by illness, military service, or
any other reason.

                                        9

<PAGE>

          A "maternity or paternity leave of absence" means an absence from work
for any period by reason of the Employee's pregnancy, birth of the Employee's
child, placement of a child with the Employee in connection with the adoption of
such child, or any absence for the purpose of caring for such child for a period
immediately following such birth or placement. For this purpose, Hours of
Service shall be credited for the computation period in which the absence from
work begins, only if credit therefore is necessary to prevent the Employee from
incurring a 1-Year Break in Service, or, in any other case, in the immediately
following computation period. The Hours of Service credited for a "maternity or
paternity leave of absence" shall be those which would normally have been
credited but for such absence, or, in any case in which the Administrator is
unable to determine such hours normally credited, eight (8) Hours of Service per
day. The total Hours of Service required to be credited for a "maternity or
paternity leave of absence" shall not exceed the number of Hours of Service
needed to prevent the Employee from incurring a 1-Year Break in Service.

     1.41 "Participant" means any Eligible Employee who participates in the Plan
and has not for any reason become ineligible to participate further in the Plan.

     1.42 "Participant Direction Procedures" means such instructions, guidelines
or policies, the terms of which are incorporated herein, as shall be established
pursuant to Section 4.12 and observed by the Administrator and applied and
provided to Participants who have Participant Directed Accounts.

     1.43 "Participant's Account" means the account established and maintained
by the Administrator for each Participant with respect to such Participant's
total interest in the Plan and Trust resulting from the Employer Non-Elective
Contributions.

     1.44 "Participant's Combined Account" means the total aggregate amount of
each Participant's Elective Account and Participant's Account.

     1.45 "Participant's Directed Account" means that portion of a Participant's
interest in the Plan with respect to which the Participant has directed the
investment in accordance with the Participant Direction Procedure.

     1.46 "Participant's Elective Account" means the account established and
maintained by the Administrator for each Participant with respect to the
Participant's total interest in the Plan and Trust resulting from the Employer
Elective Contributions used to satisfy the "Actual Deferral Percentage" tests. A
separate accounting shall be maintained with respect to that portion of the
Participant's Elective Account attributable to such Elective Contributions
pursuant to Section 4.2 and any Employer Qualified Non-Elective Contributions.

     1.47 "Participant's Transfer/Rollover Account" means the account
established and maintained by the Administrator for each Participant with
respect to the Participant's total interest in the Plan resulting from amounts
transferred to this Plan from a direct plan-to-plan transfer and/or with respect
to such Participant's interest in the Plan resulting from amounts transferred
from another qualified plan or "conduit" Individual Retirement Account in
accordance with Section 4.11.

          A separate accounting shall be maintained with respect to that portion
of the Participant's Transfer/Rollover Account attributable to transfers (within
the meaning of Code Section 414(l)) and "rollovers."

                                       10

<PAGE>

     1.48 "Plan" means this instrument, including all amendments thereto.

     1.49 "Plan Year" means the Plan's accounting year of twelve (12) months
commencing on January 1 of each year and ending the following December 31.

     1.50 "Qualified Non-Elective Contribution" means any Employer contributions
made pursuant to Section 4.1(c) and Section 4.6(b) and Section 4.8(f). Such
contributions shall be considered an Elective Contribution for the purposes of
the Plan and may be used to satisfy the "Actual Deferral Percentage" tests or
the "Actual Contribution Percentage" tests.

     1.51 "Regulation" means the Income Tax Regulations as promulgated by the
Secretary of the Treasury or a delegate of the Secretary of the Treasury, and as
amended from time to time.

     1.52 "Retired Participant" means a person who has been a Participant, but
who has become entitled to retirement benefits under the Plan.

     1.53 "Retirement Date" means the date as of which a Participant retires for
reasons other than Total and Permanent Disability, whether such retirement
occurs on a Participant's Normal Retirement Date or Late Retirement Date (see
Section 6.1).

     1.54 "Super Top Heavy Plan" means a plan described in Section 8.2(b).
However, effective as of the first "limitation year" beginning after December
31, 1999, no Plan shall be considered a Super Top Heavy Plan.

     1.55 "Terminated Participant" means a person who has been a Participant,
but whose employment has been terminated other than by death, Total and
Permanent Disability or retirement.

     1.56 "Top Heavy Plan" means a plan described in Section 8.2(a).

     1.57 "Top Heavy Plan Year" means a Plan Year during which the Plan is a Top
Heavy Plan.

     1.58 "Top-Paid Group" means the top 20 percent of Employees who performed
services for the Employer during the applicable year, ranked according to the
amount of "415 Compensation" received from the Employer during such year. All
Affiliated Employers shall be taken into account as a single employer, and
Leased Employees within the meaning of Code Sections 414(n)(2) and 414(o)(2)
shall be considered Employees unless such Leased Employees are covered by a plan
described in Code Section 414(n)(5) and are not covered in any qualified plan
maintained by the Employer. Employees who are non-resident aliens who received
no earned income (within the meaning of Code Section 911(d)(2)) from the
Employer constituting United States source income within the meaning of Code
Section 861(a)(3) shall not be treated as Employees. Furthermore, for the
purpose of determining the number of active Employees in any year, the following
additional Employees shall also be excluded, however, such Employees shall still
be considered for the purpose of identifying the particular Employees in the
Top-Paid Group:

               (a) Employees with less than six (6) months of service;

                                       11

<PAGE>

               (b) Employees who normally work less than 17 1/2 hours per week;

               (c) Employees who normally work less than six (6) months during a
          year; and

               (d) Employees who have not yet attained age twenty-one (21).

          In addition, if 90 percent or more of the Employees of the Employer
are covered under agreements the Secretary of Labor finds to be collective
bargaining agreements between Employee representatives and the Employer, and the
Plan covers only Employees who are not covered under such agreements, then
Employees covered by such agreements shall be excluded from both the total
number of active Employees as well as from the identification of particular
Employees in the Top-Paid Group.

          The foregoing exclusions set forth in this Section shall be applied on
a uniform and consistent basis for all purposes for which the Code Section
414(q) definition is applicable.

     1.59 "Total and Permanent Disability" means a physical or mental condition
of a Participant resulting from bodily injury, disease, or mental disorder which
renders such Participant incapable of continuing any gainful occupation and
which condition constitutes total disability under the federal Social Security
Acts.

     1.60 "Trustee" means the person or entity named as trustee herein or in any
separate trust forming a part of this Plan, and any successors.

     1.61 "Trust Fund" means the assets of the Plan and Trust as the same shall
exist from time to time.

     1.62 "Valuation Date" means the Anniversary Date and may include any other
date or dates deemed necessary or appropriate by the Administrator for the
valuation of the Participants' accounts during the Plan Year, which may include
any day that the Trustee, any transfer agent appointed by the Trustee or the
Employer or any stock exchange used by such agent, are open for business.

     1.63 "Vested" means the nonforfeitable portion of any account maintained on
behalf of a Participant.

     1.64 "Year of Service" means the computation period of twelve (12)
consecutive months, herein set forth, during which an Employee has at least 1000
Hours of Service.

          For vesting purposes, the computation periods shall be the Plan Year,
including periods prior to the Effective Date of the Plan.

          The computation period shall be the Plan Year if not otherwise set
forth herein.

          Notwithstanding the foregoing, for any short Plan Year, the
determination of whether an Employee has completed a Year of Service shall be
made in accordance with Department of Labor regulation 2530.203-2(c).

                                       12

<PAGE>

          Years of Service with any Affiliated Employer shall be recognized.

                                   ARTICLE II
                                 ADMINISTRATION

2.1  POWERS AND RESPONSIBILITIES OF THE EMPLOYER

               (a) In addition to the general powers and responsibilities
          otherwise provided for in this Plan, the Employer shall be empowered
          to appoint and remove the Trustee and the Administrator from time to
          time as it deems necessary for the proper administration of the Plan
          to ensure that the Plan is being operated for the exclusive benefit of
          the Participants and their Beneficiaries in accordance with the terms
          of the Plan, the Code, and the Act. The Employer may appoint counsel,
          specialists, advisers, agents (including any nonfiduciary agent) and
          other persons as the Employer deems necessary or desirable in
          connection with the exercise of its fiduciary duties under this Plan.
          The Employer may compensate such agents or advisers from the assets of
          the Plan as fiduciary expenses (but not including any business
          (settlor) expenses of the Employer), to the extent not paid by the
          Employer.

               (b) The Employer may, by written agreement or designation,
          appoint at its option an Investment Manager (qualified under the
          Investment Company Act of 1940 as amended), investment adviser, or
          other agent to provide direction to the Trustee with respect to any or
          all of the Plan assets. Such appointment shall be given by the
          Employer in writing in a form acceptable to the Trustee and shall
          specifically identify the Plan assets with respect to which the
          Investment Manager or other agent shall have authority to direct the
          investment.

               (c) The Employer shall establish a "funding policy and method,"
          i.e., it shall determine whether the Plan has a short run need for
          liquidity (e.g., to pay benefits) or whether liquidity is a long run
          goal and investment growth (and stability of same) is a more current
          need, or shall appoint a qualified person to do so. The Employer or
          its delegate shall communicate such needs and goals to the Trustee,
          who shall coordinate such Plan needs with its investment policy. The
          communication of such a "funding policy and method" shall not,
          however, constitute a directive to the Trustee as to the investment of
          the Trust Funds. Such "funding policy and method" shall be consistent
          with the objectives of this Plan and with the requirements of Title I
          of the Act.

               (d) The Employer shall periodically review the performance of any
          Fiduciary or other person to whom duties have been delegated or
          allocated by it under the provisions of this Plan or pursuant to
          procedures established hereunder. This requirement may be satisfied by
          formal periodic review by the Employer or by a qualified person
          specifically designated by the Employer, through day-to-day conduct
          and evaluation, or through other appropriate ways.

2.2  DESIGNATION OF ADMINISTRATIVE AUTHORITY

          The Employer shall be the Administrator. The Employer may appoint any
person, including, but not limited to, the Employees of the Employer, to perform
the duties of the

                                       13

<PAGE>

Administrator. Any person so appointed shall signify acceptance by filing
written acceptance with the Employer. Upon the resignation or removal of any
individual performing the duties of the Administrator, the Employer may
designate a successor.

2.3  POWERS AND DUTIES OF THE ADMINISTRATOR

          The primary responsibility of the Administrator is to administer the
Plan for the exclusive benefit of the Participants and their Beneficiaries,
subject to the specific terms of the Plan. The Administrator shall administer
the Plan in accordance with its terms and shall have the power and discretion to
construe the terms of the Plan and to determine all questions arising in
connection with the administration, interpretation, and application of the Plan.
Any such determination by the Administrator shall be conclusive and binding upon
all persons. The Administrator may establish procedures, correct any defect,
supply any information, or reconcile any inconsistency in such manner and to
such extent as shall be deemed necessary or advisable to carry out the purpose
of the Plan; provided, however, that any procedure, discretionary act,
interpretation or construction shall be done in a nondiscriminatory manner based
upon uniform principles consistently applied and shall be consistent with the
intent that the Plan shall continue to be deemed a qualified plan under the
terms of Code Section 401(a), and shall comply with the terms of the Act and all
regulations issued pursuant thereto. The Administrator shall have all powers
necessary or appropriate to accomplish the Administrator's duties under the
Plan.

          The Administrator shall be charged with the duties of the general
administration of the Plan as set forth under the terms of the Plan, including,
but not limited to, the following:

               (a) the discretion to determine all questions relating to the
          eligibility of Employees to participate or remain a Participant
          hereunder and to receive benefits under the Plan;

               (b) to compute, certify, and direct the Trustee with respect to
          the amount and the kind of benefits to which any Participant shall be
          entitled hereunder;

               (c) to authorize and direct the Trustee with respect to all
          discretionary or otherwise directed disbursements from the Trust;

               (d) to maintain all necessary records for the administration of
          the Plan;

               (e) to interpret the provisions of the Plan and to make and
          publish such rules for regulation of the Plan as are consistent with
          the terms hereof;

               (f) to determine the size and type of any Contract to be
          purchased from any insurer, and to designate the insurer from which
          such Contract shall be purchased;

               (g) to compute and certify to the Employer and to the Trustee
          from time to time the sums of money necessary or desirable to be
          contributed to the Plan;

                                       14

<PAGE>

               (h) to consult with the Employer and the Trustee regarding the
          short and long-term liquidity needs of the Plan in order that the
          Trustee can exercise any investment discretion in a manner designed to
          accomplish specific objectives;

               (i) to prepare and implement a procedure to notify Eligible
          Employees that they may elect to have a portion of their Compensation
          deferred or paid to them in cash;

               (j) to act as the named Fiduciary responsible for communications
          with Participants as needed to maintain Plan compliance with Act
          Section 404(c), including, but not limited to, the receipt and
          transmitting of Participant's directions as to the investment of their
          account(s) under the Plan and the formulation of policies, rules, and
          procedures pursuant to which Participants may give investment
          instructions with respect to the investment of their accounts;

               (k) to determine the validity of, and take appropriate action
          with respect to, any qualified domestic relations order received by
          it; and

               (l) to assist any Participant regarding the Participant's rights,
          benefits, or elections available under the Plan.

2.4  RECORDS AND REPORTS

          The Administrator shall keep a record of all actions taken and shall
keep all other books of account, records, policies, and other data that may be
necessary for proper administration of the Plan and shall be responsible for
supplying all information and reports to the Internal Revenue Service,
Department of Labor, Participants, Beneficiaries and others as required by law.

2.5  APPOINTMENT OF ADVISERS

          The Administrator, or the Trustee with the consent of the
Administrator, may appoint counsel, specialists, advisers, agents (including
nonfiduciary agents) and other persons as the Administrator or the Trustee deems
necessary or desirable in connection with the administration of this Plan,
including but not limited to agents and advisers to assist with the
administration and management of the Plan, and thereby to provide, among such
other duties as the Administrator may appoint, assistance with maintaining Plan
records and the providing of investment information to the Plan's investment
fiduciaries and to Plan Participants.

2.6  PAYMENT OF EXPENSES

          Except as otherwise provided in this section, all expenses of
administration may be paid out of the Trust Fund unless paid by the Employer.
Such expenses shall include any expenses incident to the functioning of the
Administrator, or any person or persons retained or appointed by any named
Fiduciary incident to the exercise of their duties under the Plan, including,
but not limited to, fees of accountants, counsel, Investment Managers, agents
(including nonfiduciary agents) appointed for the purpose of assisting the
Administrator or the Trustee in carrying out the instructions of Participants as
to the directed investment of their accounts and other specialists and their
agents, the costs of any bonds required pursuant to Act Section 412, and other
costs of administering the Plan. The accounts of terminated participants

                                       15

<PAGE>

may in the sole discretion of the Administrator be charged their pro rata share
of the Plan's administration expenses, regardless of whether the Employer
otherwise pays some of those expenses for current Employees who participate in
the Plan. Until paid, the expenses shall constitute a liability of the Trust
Fund. The Plan may in the sole discretion of the Administrator assess to an
individual Participant's account certain expenses incurred by or attributable to
such individual Participant. Such per capita expenses may include without
limitation the Plan's reasonable expenses in processing a hardship distribution
including the preparation of required notices, elections and a distribution
check, and the Plan's reasonable fees and expenses in reviewing and processing a
qualified domestic relations order including notices to the parties and the
Plan's actual legal expenses and costs if the Plan consults with legal counsel
regarding the qualified status of the order.

2.7  CLAIMS PROCEDURE

          Claims for benefits under the Plan may be filed in writing with the
Administrator. Written notice of the disposition of a claim shall be furnished
to the claimant within ninety (90) days after the application is filed, or such
period as is required by applicable law or Department of Labor regulation. In
the event the claim is denied, the reasons for the denial shall be specifically
set forth in the notice in language calculated to be understood by the claimant,
pertinent provisions of the Plan shall be cited, and, where appropriate, an
explanation as to how the claimant can perfect the claim will be provided. In
addition, the claimant shall be furnished with an explanation of the Plan's
claims review procedure.

2.8  CLAIMS REVIEW PROCEDURE

          Any Employee, former Employee, or Beneficiary of either, who has been
denied a benefit by a decision of the Administrator pursuant to Section 2.7
shall be entitled to request the Administrator to give further consideration to
a claim by filing with the Administrator a written request for a hearing. Such
request, together with a written statement of the reasons why the claimant
believes the claim should be allowed, shall be filed with the Administrator no
later than sixty (60) days after receipt of the written notification provided
for in Section 2.7. The Administrator shall then conduct a hearing within the
next sixty (60) days, at which the claimant may be represented by an attorney or
any other representative of such claimant's choosing and expense and at which
the claimant shall have an opportunity to submit written and oral evidence and
arguments in support of the claim. At the hearing (or prior thereto upon five
(5) business days written notice to the Administrator) the claimant or the
claimant's representative shall have an opportunity to review all documents in
the possession of the Administrator which are pertinent to the claim at issue
and its disallowance. Either the claimant or the Administrator may cause a court
reporter to attend the hearing and record the proceedings. In such event, a
complete written transcript of the proceedings shall be furnished to both
parties by the court reporter. The full expense of any such court reporter and
such transcripts shall be borne by the party causing the court reporter to
attend the hearing. A final decision as to the allowance of the claim shall be
made by the Administrator within sixty (60) days of receipt of the appeal
(unless there has been an extension of sixty (60) days due to special
circumstances, provided the delay and the special circumstances occasioning it
are communicated to the claimant within the sixty (60) day period). Such
communication shall be written in a manner calculated to be understood by the
claimant and shall include specific reasons for the decision and specific
references to the pertinent Plan provisions on which the decision is based.

                                       16

<PAGE>

                                   ARTICLE III
                                   ELIGIBILITY

3.1  CONDITIONS OF ELIGIBILITY

          Any Eligible Employee who has completed 60 days of continuous service
and has attained age 21 shall be eligible to participate hereunder as of the
date such Employee has satisfied such requirements. However, any Employee who
was a Participant in the Plan prior to the effective date of this amendment and
restatement shall continue to participate in the Plan.

          For purposes of this Section, an Eligible Employee will be deemed to
have completed the required number of days of service if such Employee is in the
employ of the Employer at any time after such days after the Employee's
employment commencement date. Employment commencement date shall be the first
day that the Employee is entitled to be credited with an Hour of Service for the
performance of duty.

3.2  EFFECTIVE DATE OF PARTICIPATION

          An Eligible Employee shall become a Participant effective as of the
first day of the month coinciding with or next following the date on which such
Employee met the eligibility requirements of Section 3.1, provided said Employee
was still employed as of such date (or if not employed on such date, as of the
date of rehire or, if later, the date that the Employee would have otherwise
entered the Plan had the Employee not terminated employment).

          If an Employee, who has satisfied the Plan's eligibility requirements
and would otherwise have become a Participant, shall go from a classification of
a noneligible Employee to an Eligible Employee, such Employee shall become a
Participant on the date such Employee becomes an Eligible Employee or, if later,
the date that the Employee would have otherwise entered the Plan had the
Employee always been an Eligible Employee.

          If an Employee, who has satisfied the Plan's eligibility requirements
and would otherwise become a Participant, shall go from a classification of an
Eligible Employee to a noneligible class of Employees, such Employee shall
become a Participant in the Plan on the date such Employee again becomes an
Eligible Employee, or, if later, the date that the Employee would have otherwise
entered the Plan had the Employee always been an Eligible Employee.

3.3  DETERMINATION OF ELIGIBILITY

          The Administrator shall determine the eligibility of each Employee for
participation in the Plan based upon information furnished by the Employer. Such
determination shall be conclusive and binding upon all persons, as long as the
same is made pursuant to the Plan and the Act. Such determination shall be
subject to review pursuant to Section 2.8.

3.4  TERMINATION OF ELIGIBILITY

          In the event a Participant shall go from a classification of an
Eligible Employee to an ineligible Employee, such Former Participant shall
continue to vest in the Plan for each Year of Service completed while a
noneligible Employee, until such time as the Participant's Account is forfeited
or distributed pursuant to the terms of the Plan. Additionally, the Former
Participant's interest in the Plan shall continue to share in the earnings of
the Trust Fund.

                                       17

<PAGE>

3.5  OMISSION OF ELIGIBLE EMPLOYEE

          If, in any Plan Year, any Employee who should be included as a
Participant in the Plan is erroneously omitted and discovery of such omission is
not made until after a contribution by the Employer for the year has been made
and allocated, then the Employer shall make a subsequent contribution, if
necessary after the application of Section 4.4(c), so that the omitted Employee
receives a total amount which the Employee would have received (including both
Employer contributions and earnings thereon) had the Employee not been omitted.
Such contribution shall be made regardless of whether it is deductible in whole
or in part in any taxable year under applicable provisions of the Code.

3.6  INCLUSION OF INELIGIBLE EMPLOYEE

          If, in any Plan Year, any person who should not have been included as
a Participant in the Plan is erroneously included and discovery of such
inclusion is not made until after a contribution for the year has been made and
allocated, the Employer shall be entitled to recover the contribution made with
respect to the ineligible person provided the error is discovered within twelve
(12) months of the date on which it was made. Otherwise, the amount contributed
with respect to the ineligible person shall constitute a Forfeiture for the Plan
Year in which the discovery is made. Notwithstanding the foregoing, any Deferred
Compensation made by an ineligible person shall be distributed to the person
(along with any earnings attributable to such Deferred Compensation).

3.7  REHIRED EMPLOYEES AND BREAKS IN SERVICE

               (a) A Former Participant shall participate in the Plan as of the
          date of reemployment.

               (b) After a Former Participant who has severed employment with
          the Employer incurs five (5) consecutive 1-Year Breaks in Service, the
          Vested portion of said Former Participant's Account attributable to
          pre-break service shall not be increased as a result of post-break
          service. In such case, separate accounts will be maintained as
          follows:

               (1) one account for nonforfeitable benefits attributable to
               pre-break service; and

               (2) one account representing the Participant's Employer derived
               account balance in the Plan attributable to post-break service.

               (c) If any Participant becomes a Former Participant due to
          severance of employment with the Employer and is reemployed by the
          Employer before five (5) consecutive 1-Year Breaks in Service, and
          such Former Participant had received a distribution of the entire
          Vested interest prior to reemployment, then the forfeited account
          shall be reinstated only if the Former Participant repays the full
          amount which had been distributed. Such repayment must be made before
          the earlier of five (5) years after the first date on which the
          Participant is subsequently reemployed by the Employer or the close of
          the first period of five (5) consecutive 1-Year Breaks in Service
          commencing after the distribution. If a distribution

                                       18

<PAGE>

          occurs for any reason other than a severance of employment, the time
          for repayment may not end earlier than five (5) years after the date
          of distribution. In the event the Former Participant does repay the
          full amount distributed, the undistributed forfeited portion of the
          Participant's Account must be restored in full, unadjusted by any
          gains or losses occurring subsequent to the Valuation Date preceding
          the distribution. The source for such reinstatement may be Forfeitures
          occurring during the Plan Year. If such source is insufficient, then
          the Employer will contribute an amount which is sufficient to restore
          any such forfeited Accounts.

                    If a non-Vested Former Participant was deemed to have
          received a distribution and such Former Participant is reemployed by
          the Employer before five (5) consecutive 1-Year Breaks in Service,
          then such Participant will be deemed to have repaid the deemed
          distribution as of the date of reemployment.

3.8  ELECTION NOT TO PARTICIPATE

          An Employee may, subject to the approval of the Employer, elect
voluntarily not to participate in the Plan. The election not to participate must
be irrevocable and communicated to the Employer, in writing, within a reasonable
period of time before the beginning of the first Plan Year.

                                   ARTICLE IV
                           CONTRIBUTION AND ALLOCATION

4.1  FORMULA FOR DETERMINING EMPLOYER CONTRIBUTION

          For each Plan Year, the Employer shall contribute to the Plan:

               (a) The amount of the total salary reduction elections of all
          Participants made pursuant to Section 4.2(a), which amount shall be
          deemed an Employer Elective Contribution.

               (b) On behalf of each Participant who is eligible to share in
          matching contributions for the Plan Year, a matching contribution
          equal to 50% of a Participant's Deferred Compensation up to and
          including 2% of such Participant's Compensation, plus 25% of a
          Participant's Deferred Compensation between more than 2% and 6% of
          such Participant's Compensation, plus a uniform discretionary
          percentage of each such Participant's Deferred Compensation, the exact
          percentage, if any, to be determined each year by the Employer, which
          amount, if any, shall be deemed an Employer Non-Elective Contribution.
          In addition, the Employer may in its sole discretion make a
          discretionary matching contribution equal to a uniform percentage of
          each Participant's Deferred Compensation, the exact percentage, if
          any, to be determined each year by the Employer.

               (c) On behalf of each Non-Highly Compensated Participant who is
          eligible to share in the Qualified Non-Elective Contribution for the
          Plan Year, a discretionary Qualified Non-Elective Contribution equal
          to a uniform percentage of each eligible individual's Compensation,
          the exact percentage, if any, to be determined each year by the
          Employer. Any Employer Qualified Non-Elective Contribution shall be
          deemed an Employer Elective Contribution.

                                       19

<PAGE>

               (d) Additionally, to the extent necessary, the Employer shall
          contribute to the Plan the amount necessary to provide the top heavy
          minimum contribution. All contributions by the Employer shall be made
          in cash or in such property as is acceptable to the Trustee.

               (e) Notwithstanding any contrary provisions of the Plan, the
          Administrator may in its discretion suspend or limit contributions,
          including contributions made pursuant to Participant deferral
          elections under Section 4.2, on behalf of any or all Highly
          Compensated Employees if the Administrator reasonably believes that
          such contributions will cause the Plan to discriminate in favor of
          highly compensated employees.

4.2  PARTICIPANT'S SALARY REDUCTION ELECTION

               (a) Effective January 1, 1985, each Participant may elect to
          defer a portion of Compensation which would have been received in the
          Plan Year (except for the deferral election) by up to the maximum
          amount which will not cause the Plan to violate the provisions of
          Sections 4.5(a) and 4.9. A deferral election (or modification of an
          earlier election) may not be made with respect to Compensation which
          is currently available on or before the date the Participant executed
          such election. For purposes of this Section, Compensation shall be
          determined prior to any reductions made pursuant to Code Sections 125,
          132(f)(4), 402(e)(3), 402(h)(1)(B), 403(b) or 457(b), and Employee
          contributions described in Code Section 414(h)(2) that are treated as
          Employer contributions.

                    Notwithstanding the above, effective April 1, 2001, a
          Participant's Compensation shall automatically be reduced by 2%, which
          amount shall be deemed to be the Participant's salary reduction
          election if the Participant does not elect to defer a portion of
          Compensation or elect to receive cash in lieu of making a salary
          deferral election. An Eligible Employee has an effective opportunity
          to elect to receive an amount in cash if the Eligible Employee
          receives notice of availability of the election and the Eligible
          Employee has a reasonable period to make the election before the date
          on which the cash is currently available. However, the automatic
          election may, in accordance with procedures established by the
          Administrator, be applied to all Participants or to Eligible Employees
          who become Participants after a certain date on a nondiscriminatory
          basis.

                    The amount by which Compensation is reduced shall be that
          Participant's Deferred Compensation and be treated as an Employer
          Elective Contribution and allocated to that Participant's Elective
          Account.

               (b) The balance in each Participant's Elective Account shall be
          fully Vested at all times and, except as otherwise provided herein,
          shall not be subject to Forfeiture for any reason.

               (c) Notwithstanding anything in the Plan to the contrary, amounts
          held in the Participant's Elective Account may not be distributable
          earlier than:

                                       20

<PAGE>

               (1) a Participant's separation from service, Total and Permanent
               Disability, or death;

               (2) a Participant's attainment of age 59 1/2;

               (3) the termination of the Plan without the existence at the time
               of Plan termination of another defined contribution plan or the
               establishment of a successor defined contribution plan by the
               Employer or an Affiliated Employer within the period ending
               twelve months after distribution of all assets from the Plan
               maintained by the Employer. For this purpose, a defined
               contribution plan does not include an employee stock ownership
               plan (as defined in Code Section 4975(e)(7) or 409), a simplified
               employee pension plan (as defined in Code Section 408(k)), or a
               simple individual retirement account plan (as defined in Code
               Section 408(p));

               (4) the date of disposition by the Employer to an entity that is
               not an Affiliated Employer of substantially all of the assets
               (within the meaning of Code Section 409(d)(2)) used in a trade or
               business of such corporation if such corporation continues to
               maintain this Plan after the disposition with respect to a
               Participant who continues employment with the corporation
               acquiring such assets;

               (5) the date of disposition by the Employer or an Affiliated
               Employer who maintains the Plan of its interest in a subsidiary
               (within the meaning of Code Section 409(d)(3)) to an entity which
               is not an Affiliated Employer but only with respect to a
               Participant who continues employment with such subsidiary; or

               (6) the proven financial hardship of a Participant, subject to
               the limitations of Section 6.11.

               (d) For each Plan Year, a Participant's Deferred Compensation
          made under this Plan and all other plans, contracts or arrangements of
          the Employer maintaining this Plan shall not exceed, during any
          taxable year of the Participant, the limitation imposed by Code
          Section 402(g), as in effect at the beginning of such taxable year. If
          such dollar limitation is exceeded, a Participant will be deemed to
          have notified the Administrator of such excess amount which shall be
          distributed in a manner consistent with Section 4.2(f). The dollar
          limitation shall be adjusted annually pursuant to the method provided
          in Code Section 415(d) in accordance with Regulations.

               (e) In the event a Participant has received a hardship
          distribution from the Participant's Elective Account pursuant to
          Section 6.11(b) or pursuant to Regulation 1.401(k)-1(d)(2)(iv)(B) from
          any other plan maintained by the Employer, then such Participant shall
          not be permitted to elect to have Deferred Compensation contributed to
          the Plan for a period of twelve (12) months following the receipt of
          the distribution. Furthermore, the dollar limitation under Code
          Section 402(g) shall be reduced, with respect to the Participant's
          taxable year following the taxable year in which the hardship
          distribution was made, by the amount of such Participant's Deferred
          Compensation, if any, pursuant to this

                                       21

<PAGE>

          Plan (and any other plan maintained by the Employer) for the taxable
          year of the hardship distribution.

               (f) If a Participant's Deferred Compensation under this Plan
          together with any elective deferrals (as defined in Regulation
          1.402(g)-1(b)) under another qualified cash or deferred arrangement
          (as described in Code Section 401(k)), a simplified employee pension
          (as described in Code Section 408(k)(6)), a simple individual
          retirement account plan (as described in Code Section 408(p)), a
          salary reduction arrangement (within the meaning of Code Section
          3121(a)(5)(D)), a deferred compensation plan under Code Section
          457(b), or a trust described in Code Section 501(c)(18) cumulatively
          exceed the limitation imposed by Code Section 402(g) (as adjusted
          annually in accordance with the method provided in Code Section 415(d)
          pursuant to Regulations) for such Participant's taxable year, the
          Participant may, not later than March 1 following the close of the
          Participant's taxable year, notify the Administrator in writing of
          such excess and request that the Participant's Deferred Compensation
          under this Plan be reduced by an amount specified by the Participant.
          In such event, the Administrator may direct the Trustee to distribute
          such excess amount (and any Income allocable to such excess amount) to
          the Participant not later than the first April 15th following the
          close of the Participant's taxable year. Any distribution of less than
          the entire amount of Excess Deferred Compensation and Income shall be
          treated as a pro rata distribution of Excess Deferred Compensation and
          Income. The amount distributed shall not exceed the Participant's
          Deferred Compensation under the Plan for the taxable year (and any
          Income allocable to such excess amount). Any distribution on or before
          the last day of the Participant's taxable year must satisfy each of
          the following conditions:

               (1) the distribution must be made after the date on which the
               Plan received the Excess Deferred Compensation;

               (2) the Participant shall designate the distribution as Excess
               Deferred Compensation; and

               (3) the Plan must designate the distribution as a distribution of
               Excess Deferred Compensation.

                    Any distribution made pursuant to this Section 4.2(f) shall
          be made first from unmatched Deferred Compensation and, thereafter,
          from Deferred Compensation which is matched. Matching contributions
          which relate to such Deferred Compensation shall be forfeited.

               (g) Notwithstanding Section 4.2(f) above, a Participant's Excess
          Deferred Compensation shall be reduced, but not below zero, by any
          distribution of Excess Contributions pursuant to Section 4.6(a) for
          the Plan Year beginning with or within the taxable year of the
          Participant.

               (h) At Normal Retirement Date, or such other date when the
          Participant shall be entitled to receive benefits, the fair market
          value of the Participant's Elective Account shall be used to provide
          additional benefits to the Participant or the Participant's
          Beneficiary.

                                       22

<PAGE>

               (i) Employer Elective Contributions made pursuant to this Section
          may be segregated into a separate account for each Participant in a
          federally insured savings account, certificate of deposit in a bank or
          savings and loan association, money market certificate, or other
          short-term debt security acceptable to the Trustee until such time as
          the allocations pursuant to Section 4.4 have been made.

               (j) The Employer and the Administrator shall implement the salary
          reduction elections provided for herein in accordance with the
          following:

               (1) A Participant must make an initial salary deferral election,
               or effective April 1, 2001, an election to receive cash in lieu
               of a salary deferral election, within a reasonable time, not to
               exceed thirty (30) days, after entering the Plan pursuant to
               Section 3.2. If the Participant fails to make an initial salary
               deferral election, or effective April 1, 2001, an election to
               receive cash in lieu of a salary deferral election, within such
               time, then such Participant may thereafter make an election in
               accordance with the rules governing modifications. The
               Participant shall make such an election by entering into a
               written salary reduction agreement with the Employer and filing
               such agreement with the Administrator. Such election shall
               initially be effective beginning with the pay period following
               the acceptance of the salary reduction agreement by the
               Administrator, shall not have retroactive effect and shall remain
               in force until revoked. However, with respect to a Participant's
               initial election to receive cash in lieu of a salary reduction,
               such election shall be effective beginning with the first day of
               the Participant's pay period coinciding with or next following
               entry into the Plan pursuant to Section 3.2 if such election is
               filed with the Administrator before the Participant's
               Compensation for such pay period is currently available.

               (2) A Participant may modify a prior election at any time during
               the Plan Year and concurrently make a new election by filing a
               written notice with the Administrator within a reasonable time
               before the pay period for which such modification is to be
               effective. Any modification shall not have retroactive effect and
               shall remain in force until revoked.

               (3) A Participant may elect to prospectively revoke the
               Participant's salary reduction agreement in its entirety at any
               time during the Plan Year by providing the Administrator with
               thirty (30) days written notice of such revocation (or upon such
               shorter notice period as may be acceptable to the Administrator).
               Such revocation shall become effective as of the beginning of the
               first pay period coincident with or next following the expiration
               of the notice period. Furthermore, the termination of the
               Participant's employment, or the cessation of participation for
               any reason, shall be deemed to revoke any salary reduction
               agreement then in effect, effective immediately following the
               close of the pay period within which such termination or
               cessation occurs.

                                       23

<PAGE>

4.3  TIME OF PAYMENT OF EMPLOYER CONTRIBUTION

          The Employer may make its contribution to the Plan for a particular
Plan Year at such time as the Employer, in its sole discretion, determines. If
the Employer makes a contribution for a particular Plan Year after the close of
that Plan Year, the Employer will designate to the Trustee the Plan Year for
which the Employer is making its contribution.

4.4  ALLOCATION OF CONTRIBUTION AND EARNINGS

               (a) The Administrator shall establish and maintain an account in
          the name of each Participant to which the Administrator shall credit
          as of each Anniversary Date, or other Valuation Date, all amounts
          allocated to each such Participant as set forth herein.

               (b) The Employer shall provide the Administrator with all
          information required by the Administrator to make a proper allocation
          of the Employer contributions for each Plan Year. Within a reasonable
          period of time after the date of receipt by the Administrator of such
          information, the Administrator shall allocate such contribution as
          follows:

               (1) With respect to the Employer Elective Contribution made
               pursuant to Section 4.1(a), to each Participant's Elective
               Account in an amount equal to each such Participant's Deferred
               Compensation for the year.

               (2) With respect to the Employer fixed matching contribution made
               pursuant to Section 4.1(b) and with respect to the Employer
               Non-Elective Contribution made pursuant to Section 4.1(b), to
               each Participant's Account in accordance with Section 4.1(b).

               Any Participant actively employed during the Plan Year shall be
               eligible to share in the Employer fixed matching contributions
               for the Plan Year.

               Any Participant actively employed on the last day of the Plan
               Year shall be eligible to share in the Employer discretionary
               matching contribution (Employer Non-Elective Contribution), if
               any, for the Plan Year.

               (3) With respect to the Employer Qualified Non-Elective
               Contribution made pursuant to Section 4.1(c), to each
               Participant's Elective Account when used to satisfy the "Actual
               Deferral Percentage" tests or Participant's Account in accordance
               with Section 4.1(c).

               Any Non-Highly Compensated Participant actively employed during
               the Plan Year shall be eligible to share in the Qualified
               Non-Elective Contribution for the Plan Year.

               (c) On or before each Anniversary Date any amounts which became
          Forfeitures since the last Anniversary Date may be made available to
          reinstate previously forfeited account balances of Former
          Participants, if any, in accordance with Section 3.7(d), be used to
          satisfy any contribution that may be required pursuant to Section 3.5
          and/or 6.9, or be used to pay any administrative

                                       24

<PAGE>

          expenses of the Plan. The remaining Forfeitures, if any, shall be used
          to reduce the contribution of the Employer hereunder for the Plan Year
          in which such Forfeitures occur.

               (d) For any Top Heavy Plan Year, Non-Key Employees not otherwise
          eligible to share in the allocation of contributions as provided
          above, shall receive the minimum allocation provided for in Section
          4.4(f) if eligible pursuant to the provisions of Section 4.4(h).

               (e) As of each Valuation Date, before the current valuation
          period allocation of Employer contributions, any earnings or losses
          (net appreciation or net depreciation) of the Trust Fund shall be
          allocated in the same proportion that each Participant's and Former
          Participant's nonsegregated accounts bear to the total of all
          Participants' and Former Participants' nonsegregated accounts as of
          such date. Earnings or losses with respect to a Participant's Directed
          Account shall be allocated in accordance with Section 4.12.

                    Participants' transfers from other qualified plans deposited
          in the general Trust Fund shall share in any earnings and losses (net
          appreciation or net depreciation) of the Trust Fund in the same manner
          provided above. Each segregated account maintained on behalf of a
          Participant shall be credited or charged with its separate earnings
          and losses.

               (f) Minimum Allocations Required for Top Heavy Plan Years:
          Notwithstanding the foregoing, for any Top Heavy Plan Year, the sum of
          the Employer contributions allocated to the Participant's Combined
          Account of each Non-Key Employee shall be equal to at least three
          percent (3%) of such Non-Key Employee's "415 Compensation" (reduced by
          contributions and forfeitures, if any, allocated to each Non-Key
          Employee in any defined contribution plan included with this Plan in a
          Required Aggregation Group). However, if (1) the sum of the Employer
          contributions allocated to the Participant's Combined Account of each
          Key Employee for such Top Heavy Plan Year is less than three percent
          (3%) of each Key Employee's "415 Compensation" and (2) this Plan is
          not required to be included in an Aggregation Group to enable a
          defined benefit plan to meet the requirements of Code Section
          401(a)(4) or 410, the sum of the Employer contributions allocated to
          the Participant's Combined Account of each Non-Key Employee shall be
          equal to the largest percentage allocated to the Participant's
          Combined Account of any Key Employee. However, in determining whether
          a Non-Key Employee has received the required minimum allocation, such
          Non-Key Employee's Deferred Compensation and matching contributions
          needed to satisfy the "Actual Contribution Percentage" tests pursuant
          to Section 4.7(a) shall not be taken into account.

                    However, no such minimum allocation shall be required in
          this Plan for any Non-Key Employee who participates in another defined
          contribution plan subject to Code Section 412 included with this Plan
          in a Required Aggregation Group.

               (g) For purposes of the minimum allocations set forth above, the
          percentage allocated to the Participant's Combined Account of any Key
          Employee

                                       25

<PAGE>

          shall be equal to the ratio of the sum of the Employer contributions
          allocated on behalf of such Key Employee divided by the "415
          Compensation" for such Key Employee.

               (h) For any Top Heavy Plan Year, the minimum allocations set
          forth above shall be allocated to the Participant's Combined Account
          of all Non-Key Employees who are Participants and who are employed by
          the Employer on the last day of the Plan Year, including Non-Key
          Employees who have (1) failed to complete a Year of Service; and (2)
          declined to make mandatory contributions (if required) or, in the case
          of a cash or deferred arrangement, elective contributions to the
          Plan.

               (i) In lieu of the above, if a Non-Key Employee participates in
          this Plan and a defined benefit pension plan included in a Required
          Aggregation Group which is top heavy, a minimum allocation of five
          percent (5%) of "415 Compensation" shall be provided under this Plan.

               (j) If a Non-Key Employee participates in this Plan and a defined
          benefit plan included in a Required Aggregation Group which is top
          heavy, a minimum monthly accrued benefit equal to the product of (1)
          one-twelfth (1/12th) of "415 Compensation" averaged over the five (5)
          consecutive "limitation years" (or actual "limitation years," if less)
          which produce the highest average and (2) the lesser of (i) two
          percent (2%) multiplied by years of service when the plan is top heavy
          or (ii) twenty percent (20%) shall be provided to such Non-Key
          Employee under the defined benefit plan.

               (k) Notwithstanding the foregoing, for Plan Years beginning prior
          to January 1, 2000, the minimum benefit requirement for a Top Heavy
          Plan shall be determined in the following manner:

               (1) Each Non-Key Employee who is a Participant during a Top Heavy
               Plan Year shall be provided the minimum allocation pursuant to
               Section 4.4(f).

               In lieu of the above, if a Non-Key Employee participates in this
               Plan and a defined benefit pension plan included in a Required
               Aggregation Group which is top heavy, a minimum allocation of
               five percent (5%) of "415 Compensation" shall be provided under
               this Plan.

               (2) If a Non-Key Employee participates in this Plan and a defined
               benefit plan included in a Required Aggregation Group which is
               top heavy, a minimum monthly accrued benefit equal to the product
               of (i) one-twelfth (1/12th) of "415 Compensation" averaged over
               the five (5) consecutive "limitation years" (or actual
               "limitation years," if less) which produce the highest average
               and (ii) the lesser of (A) two percent (2%) multiplied by years
               of service when the plan is top heavy or (B) twenty percent (20%)
               shall be provided to such Non-Key Employee under the defined
               benefit plan.

                                       26

<PAGE>

               (l) For the purposes of this Section, "415 Compensation" in
          excess of $150,000 (or such other amount provided in the Code) shall
          be disregarded. Such amount shall be adjusted for increases in the
          cost of living in accordance with Code Section 401(a)(17)(B), except
          that the dollar increase in effect on January 1 of any calendar year
          shall be effective for the Plan Year beginning with or within such
          calendar year. If "415 Compensation" for any prior determination
          period is taken into account in determining a Participant's minimum
          benefit for the current Plan Year, the "415 Compensation" for such
          determination period is subject to the applicable annual "415
          Compensation" limit in effect for that prior period. For this purpose,
          in determining the minimum benefit in Plan Years beginning on or after
          January 1, 1989, the annual "415 Compensation" limit in effect for
          determination periods beginning before that date is $200,000 (or such
          other amount as adjusted for increases in the cost of living in
          accordance with Code Section 415(d) for determination periods
          beginning on or after January 1, 1989, and in accordance with Code
          Section 401(a)(17)(B) for determination periods beginning on or after
          January 1, 1994). For determination periods beginning prior to January
          1, 1989, the $200,000 limit shall apply only for Top Heavy Plan Years
          and shall not be adjusted. For any short Plan Year the "415
          Compensation" limit shall be an amount equal to the "415 Compensation"
          limit for the calendar year in which the Plan Year begins multiplied
          by the ratio obtained by dividing the number of full months in the
          short Plan Year by twelve (12).

               (m) Notwithstanding anything herein to the contrary, Participants
          who terminated employment for any reason during the Plan Year shall
          share in the salary reduction contributions made by the Employer for
          the year of termination without regard to the Hours of Service
          credited.

               (n) Notwithstanding anything in this Section to the contrary, all
          information necessary to properly reflect a given transaction may not
          be available until after the date specified herein for processing such
          transaction, in which case the transaction will be reflected when such
          information is received and processed. Subject to express limits that
          may be imposed under the Code, the processing of any contribution,
          distribution or other transaction may be delayed for any legitimate
          business reason (including, but not limited to, failure of systems or
          computer programs, failure of the means of the transmission of data,
          force majeure, the failure of a service provider to timely receive
          values or prices, and the correction for errors or omissions or the
          errors or omissions of any service provider). The processing date of a
          transaction will be binding for all purposes of the Plan.

               (o) Notwithstanding anything to the contrary, if this is a Plan
          that would otherwise fail to meet the requirements of Code Section
          410(b)(1)(B) and the Regulations thereunder because Employer
          contributions would not be allocated to a sufficient number or
          percentage of Participants for a Plan Year, then the following rules
          shall apply:

               (1) The group of Participants eligible to share in the Employer's
               contribution for the Plan Year shall be expanded to include the
               minimum number of Participants who would not otherwise be
               eligible as are necessary to satisfy the applicable test
               specified above. The specific

                                       27

<PAGE>

               Participants who shall become eligible under the terms of this
               paragraph shall be those who have not separated from service
               prior to the last day of the Plan Year and have completed the
               greatest number of Hours of Service in the Plan Year.

               (2) If after application of paragraph (1) above, the applicable
               test is still not satisfied, then the group of Participants
               eligible to share in the Employer's contribution for the Plan
               Year shall be further expanded to include the minimum number of
               Participants who have separated from service prior to the last
               day of the Plan Year as are necessary to satisfy the applicable
               test. The specific Participants who shall become eligible to
               share shall be those Participants who have completed the greatest
               number of Hours of Service in the Plan Year before terminating
               employment.

               (3) Nothing in this Section shall permit the reduction of a
               Participant's accrued benefit. Therefore any amounts that have
               previously been allocated to Participants may not be reallocated
               to satisfy these requirements. In such event, the Employer shall
               make an additional contribution equal to the amount such affected
               Participants would have received had they been included in the
               allocations, even if it exceeds the amount which would be
               deductible under Code Section 404. Any adjustment to the
               allocations pursuant to this paragraph shall be considered a
               retroactive amendment adopted by the last day of the Plan Year.

4.5  ACTUAL DEFERRAL PERCENTAGE TESTS

               (a) Maximum Annual Allocation: For each Plan Year, the annual
          allocation derived from Employer Elective Contributions to a Highly
          Compensated Participant's Elective Account shall satisfy one of the
          following tests:

               (1) The "Actual Deferral Percentage" for the Highly Compensated
               Participant group shall not be more than the "Actual Deferral
               Percentage" of the Non-Highly Compensated Participant group (for
               the preceding Plan Year if the prior year testing method is used
               to calculate the "Actual Deferral Percentage" for the Non-Highly
               Compensated Participant group) multiplied by 1.25, or

               (2) The excess of the "Actual Deferral Percentage" for the Highly
               Compensated Participant group over the "Actual Deferral
               Percentage" for the Non-Highly Compensated Participant group (for
               the preceding Plan Year if the prior year testing method is used
               to calculate the "Actual Deferral Percentage" for the Non-Highly
               Compensated Participant group) shall not be more than two
               percentage points. Additionally, the "Actual Deferral Percentage"
               for the Highly Compensated Participant group shall not exceed the
               "Actual Deferral Percentage" for the Non-Highly Compensated
               Participant group (for the preceding Plan Year if the prior year
               testing method is used to calculate the "Actual Deferral
               Percentage" for the Non-Highly Compensated Participant group)
               multiplied by 2. The

                                       28

<PAGE>

               provisions of Code Section 401(k)(3) and Regulation 1.401(k)-1(b)
               are incorporated herein by reference.

               However, in order to prevent the multiple use of the alternative
               method described in (2) above and in Code Section 401(m)(9)(A),
               any Highly Compensated Participant eligible to make elective
               deferrals pursuant to Section 4.2 and to make Employee
               contributions or to receive matching contributions under this
               Plan or under any other plan maintained by the Employer or an
               Affiliated Employer shall have a combination of such
               Participant's Elective Contributions and Employer matching
               contributions reduced pursuant to Section 4.6(a) and Regulation
               1.401(m)-2, the provisions of which are incorporated herein by
               reference.

               (b) For the purposes of this Section "Actual Deferral Percentage"
          means, with respect to the Highly Compensated Participant group and
          Non-Highly Compensated Participant group for a Plan Year, the average
          of the ratios, calculated separately for each Participant in such
          group, of the amount of Employer Elective Contributions allocated to
          each Participant's Elective Account for such Plan Year, to such
          Participant's "414(s) Compensation" for such Plan Year. The actual
          deferral ratio for each Participant and the "Actual Deferral
          Percentage" for each group shall be calculated to the nearest
          one-hundredth of one percent. Employer Elective Contributions
          allocated to each Non-Highly Compensated Participant's Elective
          Account shall be reduced by Excess Deferred Compensation to the extent
          such excess amounts are made under this Plan or any other plan
          maintained by the Employer.

                    Notwithstanding the above, if the prior year test method is
          used to calculate the "Actual Deferral Percentage" for the Non-Highly
          Compensated Participant group for the first Plan Year of this
          amendment and restatement, the "Actual Deferral Percentage" for the
          Non-Highly Compensated Participant group for the preceding Plan Year
          shall be calculated pursuant to the provisions of the Plan then in
          effect.

               (c) For the purposes of Sections 4.5(a) and 4.6, a Highly
          Compensated Participant and a Non-Highly Compensated Participant shall
          include any Employee eligible to make a deferral election pursuant to
          Section 4.2, whether or not such deferral election was made or
          suspended pursuant to Section 4.2.

                    Notwithstanding the above, if the prior year testing method
          is used to calculate the "Actual Deferral Percentage" for the
          Non-Highly Compensated Participant group for the first Plan Year of
          this amendment and restatement, for purposes of Section 4.5(a) and
          4.6, a Non-Highly Compensated Participant shall include any such
          Employee eligible to make a deferral election, whether or not such
          deferral election was made or suspended, pursuant to the provisions of
          the Plan in effect for the preceding Plan Year.

               (d) For the purposes of this Section and Code Sections 401(a)(4),
          410(b) and 401(k), if two or more plans which include cash or deferred
          arrangements are considered one plan for the purposes of Code Section
          401(a)(4) or 410(b) (other than Code Section 410(b)(2)(A)(ii)), the
          cash or deferred

                                       29

<PAGE>

          arrangements included in such plans shall be treated as one
          arrangement. In addition, two or more cash or deferred arrangements
          may be considered as a single arrangement for purposes of determining
          whether or not such arrangements satisfy Code Sections 401(a)(4),
          410(b) and 401(k). In such a case, the cash or deferred arrangements
          included in such plans and the plans including such arrangements shall
          be treated as one arrangement and as one plan for purposes of this
          Section and Code Sections 401(a)(4), 410(b) and 401(k). Any adjustment
          to the Non-Highly Compensated Participant actual deferral ratio for
          the prior year shall be made in accordance with Internal Revenue
          Service Notice 98-1 and any superseding guidance. Plans may be
          aggregated under this paragraph (d) only if they have the same plan
          year. Notwithstanding the above, if two or more plans which include
          cash or deferred arrangements are permissively aggregated under
          Regulation 1.410(b)-7(d), all plans permissively aggregated must use
          either the current year testing method or the prior year testing
          method for the testing year.

                    Notwithstanding the above, an employee stock ownership plan
          described in Code Section 4975(e)(7) or 409 may not be combined with
          this Plan for purposes of determining whether the employee stock
          ownership plan or this Plan satisfies this Section and Code Sections
          401(a)(4), 410(b) and 401(k).

               (e) For the purposes of this Section, if a Highly Compensated
          Participant is a Participant under two or more cash or deferred
          arrangements (other than a cash or deferred arrangement which is part
          of an employee stock ownership plan as defined in Code Section
          4975(e)(7) or 409) of the Employer or an Affiliated Employer, all such
          cash or deferred arrangements shall be treated as one cash or deferred
          arrangement for the purpose of determining the actual deferral ratio
          with respect to such Highly Compensated Participant. However, if the
          cash or deferred arrangements have different plan years, this
          paragraph shall be applied by treating all cash or deferred
          arrangements ending with or within the same calendar year as a single
          arrangement.

               (f) For the purpose of this Section, when calculating the "Actual
          Deferral Percentage" for the Non-Highly Compensated Participant group,
          the current year testing method shall be used. Any change from the
          current year testing method to the prior year testing method shall be
          made pursuant to Internal Revenue Service Notice 98-1, Section VII (or
          superseding guidance), the provisions of which are incorporated herein
          by reference.

               (g) Notwithstanding anything in this Section to the contrary, the
          provisions of this Section and Section 4.6 may be applied separately
          (or will be applied separately to the extent required by Regulations)
          to each plan within the meaning of Regulation 1.401(k)-1(g)(11).
          Furthermore, the provisions of Code Section 401(k)(3)(F) may be used
          to exclude from consideration all Non-Highly Compensated Employees who
          have not satisfied the minimum age and service requirements of Code
          Section 410(a)(1)(A).

4.6  ADJUSTMENT TO ACTUAL DEFERRAL PERCENTAGE TESTS

          In the event (or if it is anticipated) that the initial allocations of
the Employer Elective Contributions made pursuant to Section 4.4 do (or might)
not satisfy one of the tests set

                                       30

<PAGE>

forth in Section 4.5(a), the Administrator shall adjust Excess Contributions
pursuant to the options set forth below:

               (a) On or before the fifteenth day of the third month following
          the end of each Plan Year, but in no event later than the close of the
          following Plan Year, the Highly Compensated Participant having the
          largest dollar amount of Elective Contributions shall have a portion
          of such Participant's Elective Contributions distributed until the
          total amount of Excess Contributions has been distributed, or until
          the amount of such Participant's Elective Contributions equals the
          Elective Contributions of the Highly Compensated Participant having
          the second largest dollar amount of Elective Contributions. This
          process shall continue until the total amount of Excess Contributions
          has been distributed. In determining the amount of Excess
          Contributions to be distributed with respect to an affected Highly
          Compensated Participant as determined herein, such amount shall be
          reduced pursuant to Section 4.2(f) by any Excess Deferred Compensation
          previously distributed to such affected Highly Compensated Participant
          for such Participant's taxable year ending with or within such Plan
          Year.

               (1) With respect to the distribution of Excess Contributions
               pursuant to (a) above, such distribution:

                    (i) may be postponed but not later than the close of the
                    Plan Year following the Plan Year to which they are
                    allocable;

                    (ii) shall be adjusted for Income; and

                    (iii) shall be designated by the Employer as a distribution
                    of Excess Contributions (and Income).

               (2) Any distribution of less than the entire amount of Excess
               Contributions shall be treated as a pro rata distribution of
               Excess Contributions and Income.

               (3) Matching contributions which relate to Excess Contributions
               shall be forfeited unless the related matching contribution is
               distributed as an Excess Aggregate Contribution pursuant to
               Section 4.8.

               (b) Notwithstanding the above, within twelve (12) months after
          the end of the Plan Year, the Employer may make a special Qualified
          Non-Elective Contribution in accordance with one of the following
          provisions which contribution shall be allocated to the Participant's
          Elective Account of each Non-Highly Compensated Participant eligible
          to share in the allocation in accordance with such provision. The
          Employer shall provide the Administrator with written notification of
          the amount of the contribution being made and for which provision it
          is being made pursuant to:

               (1) A special Qualified Non-Elective Contribution may be made on
               behalf of Non-Highly Compensated Participants in an amount
               sufficient to satisfy (or to prevent an anticipated failure of)
               one of the tests set forth in Section 4.5(a). Such contribution
               shall be allocated in the same proportion

                                       31

<PAGE>

               that each Non-Highly Compensated Participant's 414(s)
               Compensation for the year (or prior year if the prior year
               testing method is being used) bears to the total 414(s)
               Compensation of all Non-Highly Compensated Participants for such
               year.

               (2) A special Qualified Non-Elective Contribution may be made on
               behalf of Non-Highly Compensated Participants in an amount
               sufficient to satisfy (or to prevent an anticipated failure of)
               one of the tests set forth in Section 4.5(a). Such contribution
               shall be allocated in the same proportion that each Non-Highly
               Compensated Participant electing salary reductions pursuant to
               Section 4.2 in the same proportion that each such Non-Highly
               Compensated Participant's Deferred Compensation for the year (or
               at the end of the prior Plan Year if the prior year testing
               method is being used) bears to the total Deferred Compensation of
               all such Non-Highly Compensated Participants for such year.

               (3) A special Qualified Non-Elective Contribution may be made on
               behalf of Non-Highly Compensated Participants in an amount
               sufficient to satisfy (or to prevent an anticipated failure of)
               one of the tests set forth in Section 4.5(a). Such contribution
               shall be allocated in equal amounts (per capita).

               (4) A special Qualified Non-Elective Contribution may be made on
               behalf of Non-Highly Compensated Participants electing salary
               reductions pursuant to Section 4.2 in an amount sufficient to
               satisfy (or to prevent an anticipated failure of) one of the
               tests set forth in Section 4.5(a). Such contribution shall be
               allocated for the year (or at the end of the prior Plan Year if
               the prior year testing method is used) to each Non-Highly
               Compensated Participant electing salary reductions pursuant to
               Section 4.2 in equal amounts (per capita).

               (5) A special Qualified Non-Elective Contribution may be made on
               behalf of Non-Highly Compensated Participants in an amount
               sufficient to satisfy (or to prevent an anticipated failure of)
               one of the tests set forth in Section 4.5(a). Such contribution
               shall be allocated to the Non-Highly Compensated Participant
               having the lowest 414(s) Compensation, until one of the tests set
               forth in Section 4.5(a) is satisfied (or is anticipated to be
               satisfied), or until such Non-Highly Compensated Participant has
               received the maximum "annual addition" pursuant to Section 4.9.
               This process shall continue until one of the tests set forth in
               Section 4.5(a) is satisfied (or is anticipated to be satisfied).

                    Notwithstanding the above, at the Employer's discretion,
          Non-Highly Compensated Participants who are not employed at the end of
          the Plan Year (or at the end of the prior Plan Year if the prior year
          testing method is being used) shall not be eligible to receive a
          special Qualified Non-Elective Contribution and shall be disregarded.

                    Notwithstanding the above, if the testing method changes
          from the current year testing method to the prior year testing method,
          then for purposes of

                                       32

<PAGE>

          preventing the double counting of Qualified Non-Elective Contributions
          for the first testing year for which the change is effective, any
          special Qualified Non-Elective Contribution on behalf of Non-Highly
          Compensated Participants used to satisfy the "Actual Deferral
          Percentage" or "Actual Contribution Percentage" test under the current
          year testing method for the prior year testing year shall be
          disregarded.

               (c) If during a Plan Year, it is projected that the aggregate
          amount of Elective Contributions to be allocated to all Highly
          Compensated Participants under this Plan would cause the Plan to fail
          the tests set forth in Section 4.5(a), then the Administrator may
          automatically reduce the deferral amount of affected Highly
          Compensated Participants, beginning with the Highly Compensated
          Participant who has the highest deferral ratio until it is anticipated
          the Plan will pass the tests or until the actual deferral ratio equals
          the actual deferral ratio of the Highly Compensated Participant having
          the next highest actual deferral ratio. This process may continue
          until it is anticipated that the Plan will satisfy one of the tests
          set forth in Section 4.5(a). Alternatively, the Employer may specify a
          maximum percentage of Compensation that may be deferred.

               (d) Any Excess Contributions (and Income) which are distributed
          on or after 2 1/2 months after the end of the Plan Year shall be
          subject to the ten percent (10%) Employer excise tax imposed by Code
          Section 4979.

4.7  ACTUAL CONTRIBUTION PERCENTAGE TESTS

               (a) The "Actual Contribution Percentage" for the Highly
          Compensated Participant group shall not exceed the greater of:

               (1) 125 percent of such percentage for the Non-Highly Compensated
               Participant group (for the preceding Plan Year if the prior year
               testing method is used to calculate the "Actual Contribution
               Percentage" for the Non-Highly Compensated Participant group); or

               (2) the lesser of 200 percent of such percentage for the
               Non-Highly Compensated Participant group (for the preceding Plan
               Year if the prior year testing method is used to calculate the
               "Actual Contribution Percentage" for the Non-Highly Compensated
               Participant group), or such percentage for the Non-Highly
               Compensated Participant group (for the preceding Plan Year if the
               prior year testing method is used to calculate the "Actual
               Contribution Percentage" for the Non-Highly Compensated
               Participant group) plus 2 percentage points. However, to prevent
               the multiple use of the alternative method described in this
               paragraph and Code Section 401(m)(9)(A), any Highly Compensated
               Participant eligible to make elective deferrals pursuant to
               Section 4.2 or any other cash or deferred arrangement maintained
               by the Employer or an Affiliated Employer and to make Employee
               contributions or to receive matching contributions under this
               Plan or under any plan maintained by the Employer or an
               Affiliated Employer shall have a combination of Elective
               Contributions and Employer matching contributions reduced
               pursuant to Regulation 1.401(m)-2 and Section 4.8(a). The
               provisions of Code

                                       33

<PAGE>

               Section 401(m) and Regulations 1.401(m)-1(b) and 1.401(m)-2 are
               incorporated herein by reference.

               (b) For the purposes of this Section and Section 4.8, "Actual
          Contribution Percentage" for a Plan Year means, with respect to the
          Highly Compensated Participant group and Non-Highly Compensated
          Participant group (for the preceding Plan Year if the prior year
          testing method is used to calculate the "Actual Contribution
          Percentage" for the Non-Highly Compensated Participant group), the
          average of the ratios (calculated separately for each Participant in
          each group and rounded to the nearest one-hundredth of one percent)
          of:

               (1) the sum of Employer matching contributions made pursuant to
               Section 4.1(b) on behalf of each such Participant for such Plan
               Year; to

               (2) the Participant's "414(s) Compensation" for such Plan Year.

                    Notwithstanding the above, if the prior year testing method
          is used to calculate the "Actual Contribution Percentage" for the
          Non-Highly Compensated Participant group for the first Plan Year of
          this amendment and restatement, for purposes of Section 4.7(a), the
          "Actual Contribution Percentage" for the Non-Highly Compensated
          Participant group for the preceding Plan Year shall be determined
          pursuant to the provisions of the Plan then in effect.

               (c) For purposes of determining the "Actual Contribution
          Percentage," only Employer matching contributions contributed to the
          Plan prior to the end of the succeeding Plan Year shall be considered.
          In addition, the Administrator may elect to take into account, with
          respect to Employees eligible to have Employer matching contributions
          pursuant to Section 4.1(b) allocated to their accounts, elective
          deferrals (as defined in Regulation 1.402(g)-1(b)) and qualified
          non-elective contributions (as defined in Code Section 401(m)(4)(C))
          contributed to any plan maintained by the Employer. Such elective
          deferrals and qualified non-elective contributions shall be treated as
          Employer matching contributions subject to Regulation 1.401(m)-1(b)(5)
          which is incorporated herein by reference. However, the Plan Year must
          be the same as the plan year of the plan to which the elective
          deferrals and the qualified non-elective contributions are made.

               (d) For purposes of this Section and Code Sections 401(a)(4),
          410(b) and 401(m), if two or more plans of the Employer to which
          matching contributions, Employee contributions, or both, are made are
          treated as one plan for purposes of Code Sections 401(a)(4) or 410(b)
          (other than the average benefits test under Code Section
          410(b)(2)(A)(ii)), such plans shall be treated as one plan. In
          addition, two or more plans of the Employer to which matching
          contributions, Employee contributions, or both, are made may be
          considered as a single plan for purposes of determining whether or not
          such plans satisfy Code Sections 401(a)(4), 410(b) and 401(m). In such
          a case, the aggregated plans must satisfy this Section and Code
          Sections 401(a)(4), 410(b) and 401(m) as though such aggregated plans
          were a single plan. Any adjustment to the Non-Highly Compensated
          Participant actual contribution ratio for the prior year shall be made
          in accordance with Internal Revenue Service Notice 98-1 and any
          superseding

                                       34

<PAGE>

          guidance. Plans may be aggregated under this paragraph (d) only if
          they have the same plan year. Notwithstanding the above, if two or
          more plans which include cash or deferred arrangements are
          permissively aggregated under Regulation 1.410(b)-7(d), all plans
          permissively aggregated must use either the current year testing
          method or the prior year testing method for the testing year.

                    Notwithstanding the above, an employee stock ownership plan
          described in Code Section 4975(e)(7) or 409 may not be aggregated with
          this Plan for purposes of determining whether the employee stock
          ownership plan or this Plan satisfies this Section and Code Sections
          401(a)(4), 410(b) and 401(m).

               (e) If a Highly Compensated Participant is a Participant under
          two or more plans (other than an employee stock ownership plan as
          defined in Code Section 4975(e)(7) or 409) which are maintained by the
          Employer or an Affiliated Employer to which matching contributions,
          Employee contributions, or both, are made, all such contributions on
          behalf of such Highly Compensated Participant shall be aggregated for
          purposes of determining such Highly Compensated Participant's actual
          contribution ratio. However, if the plans have different plan years,
          this paragraph shall be applied by treating all plans ending with or
          within the same calendar year as a single plan.

               (f) For purposes of Sections 4.7(a) and 4.8, a Highly Compensated
          Participant and Non-Highly Compensated Participant shall include any
          Employee eligible to have Employer matching contributions (whether or
          not a deferral election was made or suspended) allocated to the
          Participant's account for the Plan Year.

                    Notwithstanding the above, if the prior year testing method
          is used to calculate the "Actual Contribution Percentage" for the
          Non-Highly Compensated Participant group for the first Plan Year of
          this amendment and restatement, for the purposes of Section 4.7(a), a
          Non-Highly Compensated Participant shall include any such Employee
          eligible to have Employer matching contributions (whether or not a
          deferral election was made or suspended) allocated to the
          Participant's account for the preceding Plan Year pursuant to the
          provisions of the Plan then in effect.

               (g) For the purpose of this Section, when calculating the "Actual
          Contribution Percentage" for the Non-Highly Compensated Participant
          group, the current year testing method shall be used. Any change from
          the current year testing method to the prior year testing method shall
          be made pursuant to Internal Revenue Service Notice 98-1, Section VII
          (or superseding guidance), the provisions of which are incorporated
          herein by reference.

               (h) Notwithstanding anything in this Section to the contrary, the
          provisions of this Section and Section 4.8 may be applied separately
          (or will be applied separately to the extent required by Regulations)
          to each plan within the meaning of Regulation 1.401(k)-1(g)(11).
          Furthermore, the provisions of Code Section 401(k)(3)(F) may be used
          to exclude from consideration all Non-Highly Compensated Employees who
          have not satisfied the minimum age and service requirements of Code
          Section 410(a)(1)(A).

                                       35

<PAGE>

4.8  ADJUSTMENT TO ACTUAL CONTRIBUTION PERCENTAGE TESTS

               (a) In the event (or if it is anticipated) that the "Actual
          Contribution Percentage" for the Highly Compensated Participant group
          exceeds (or might exceed) the "Actual Contribution Percentage" for the
          Non-Highly Compensated Participant group pursuant to Section 4.7(a),
          the Administrator (on or before the fifteenth day of the third month
          following the end of the Plan Year, but in no event later than the
          close of the following Plan Year) shall direct the Trustee to
          distribute to the Highly Compensated Participant having the largest
          dollar amount of contributions determined pursuant to Section
          4.7(b)(1), the Vested portion of such contributions (and Income
          allocable to such contributions) and, if forfeitable, forfeit such
          non-Vested contributions attributable to Employer matching
          contributions (and Income allocable to such forfeitures) until the
          total amount of Excess Aggregate Contributions has been distributed,
          or until the Participant's remaining amount equals the amount of
          contributions determined pursuant to Section 4.7(b)(1) of the Highly
          Compensated Participant having the second largest dollar amount of
          contributions. This process shall continue until the total amount of
          Excess Aggregate Contributions has been distributed.

                    If the correction of Excess Aggregate Contributions
          attributable to Employer matching contributions is not in proportion
          to the Vested and non-Vested portion of such contributions, then the
          Vested portion of the Participant's Account attributable to Employer
          matching contributions after the correction shall be subject to
          Section 6.5(g).

               (b) Any distribution and/or forfeiture of less than the entire
          amount of Excess Aggregate Contributions (and Income) shall be treated
          as a pro rata distribution and/or forfeiture of Excess Aggregate
          Contributions and Income. Distribution of Excess Aggregate
          Contributions shall be designated by the Employer as a distribution of
          Excess Aggregate Contributions (and Income). Forfeitures of Excess
          Aggregate Contributions shall be treated in accordance with Section
          4.4.

               (c) Excess Aggregate Contributions, including forfeited matching
          contributions, shall be treated as Employer contributions for purposes
          of Code Sections 404 and 415 even if distributed from the Plan.

                    Forfeited matching contributions that are reallocated to
          Participants' Accounts for the Plan Year in which the forfeiture
          occurs shall be treated as an "annual addition" pursuant to Section
          4.9(b) for the Participants to whose Accounts they are reallocated and
          for the Participants from whose Accounts they are forfeited.

               (d) The determination of the amount of Excess Aggregate
          Contributions with respect to any Plan Year shall be made after first
          determining the Excess Contributions, if any, to be treated as
          after-tax voluntary Employee contributions due to recharacterization
          for the plan year of any other qualified cash or deferred arrangement
          (as defined in Code Section 401(k)) maintained by the Employer that
          ends with or within the Plan Year or which are treated as

                                       36

<PAGE>

          after-tax voluntary Employee contributions due to recharacterization
          pursuant to Section 4.6(a).

               (e) If during a Plan Year the projected aggregate amount of
          Employer matching contributions to be allocated to all Highly
          Compensated Participants under this Plan would, by virtue of the tests
          set forth in Section 4.7(a), cause the Plan to fail such tests, then
          the Administrator may automatically reduce proportionately or in the
          order provided in Section 4.8(a) each affected Highly Compensated
          Participant's projected share of such contributions by an amount
          necessary to satisfy one of the tests set forth in Section 4.7(a).

               (f) Notwithstanding the above, within twelve (12) months after
          the end of the Plan Year, the Employer may make a special Qualified
          Non-Elective Contribution in accordance with one of the following
          provisions which contribution shall be allocated to the Participant's
          Account of each Non-Highly Compensated eligible to share in the
          allocation in accordance with such provision. The Employer shall
          provide the Administrator with written notification of the amount of
          the contribution being made and for which provision it is being made
          pursuant to:

               (1) A special Qualified Non-Elective Contribution may be made on
               behalf of Non-Highly Compensated Participants in an amount
               sufficient to satisfy (or to prevent an anticipated failure of)
               one of the tests set forth in Section 4.7. Such contribution
               shall be allocated in the same proportion that each Non-Highly
               Compensated Participant's 414(s) Compensation for the year (or
               prior year if the prior year testing method is being used) bears
               to the total 414(s) Compensation of all Non-Highly Compensated
               Participants for such year.

               (2) A special Qualified Non-Elective Contribution may be made on
               behalf of Non-Highly Compensated Participants in an amount
               sufficient to satisfy (or to prevent an anticipated failure of)
               one of the tests set forth in Section 4.7. Such contribution
               shall be allocated in the same proportion that each Non-Highly
               Compensated Participant electing salary reductions pursuant to
               Section 4.2 in the same proportion that each such Non-Highly
               Compensated Participant's Deferred Compensation for the year (or
               at the end of the prior Plan Year if the prior year testing
               method is being used) bears to the total Deferred Compensation of
               all such Non-Highly Compensated Participants for such year.

               (3) A special Qualified Non-Elective Contribution may be made on
               behalf of Non-Highly Compensated Participants in an amount
               sufficient to satisfy (or to prevent an anticipated failure of)
               one of the tests set forth in Section 4.7. Such contribution
               shall be allocated in equal amounts (per capita).

               (4) A special Qualified Non-Elective Contribution may be made on
               behalf of Non-Highly Compensated Participants electing salary
               reductions pursuant to Section 4.2 in an amount sufficient to
               satisfy (or to prevent an anticipated failure of) one of the
               tests set forth in Section 4.7. Such

                                       37

<PAGE>

               contribution shall be allocated for the year (or at the end of
               the prior Plan Year if the prior year testing method is used) to
               each Non-Highly Compensated Participant electing salary
               reductions pursuant to Section 4.2 in equal amounts (per capita).

               (5) A special Qualified Non-Elective Contribution may be made on
               behalf of Non-Highly Compensated Participants in an amount
               sufficient to satisfy (or to prevent an anticipated failure of)
               one of the tests set forth in Section 4.7. Such contribution
               shall be allocated to the Non-Highly Compensated Participant
               having the lowest 414(s) Compensation, until one of the tests set
               forth in Section 4.7 is satisfied (or is anticipated to be
               satisfied), or until such Non-Highly Compensated Participant has
               received the maximum "annual addition" pursuant to Section 4.9.
               This process shall continue until one of the tests set forth in
               Section 4.7 is satisfied (or is anticipated to be satisfied).

                    Notwithstanding the above, at the Employer's discretion,
          Non-Highly Compensated Participants who are not employed at the end of
          the Plan Year (or at the end of the prior Plan Year if the prior year
          testing method is being used) shall not be eligible to receive a
          special Qualified Non-Elective Contribution and shall be disregarded.

                    Notwithstanding the above, if the testing method changes
          from the current year testing method to the prior year testing method,
          then for purposes of preventing the double counting of Qualified
          Non-Elective Contributions for the first testing year for which the
          change is effective, any special Qualified Non-Elective Contribution
          on behalf of Non-Highly Compensated Participants used to satisfy the
          "Actual Deferral Percentage" or "Actual Contribution Percentage" test
          under the current year testing method for the prior year testing year
          shall be disregarded.

               (g) Any Excess Aggregate Contributions (and Income) which are
          distributed on or after 2 1/2 months after the end of the Plan Year
          shall be subject to the ten percent (10%) Employer excise tax imposed
          by Code Section 4979.

4.9  MAXIMUM ANNUAL ADDITIONS

               (a) Notwithstanding the foregoing, the maximum "annual additions"
          credited to a Participant's accounts for any "limitation year" shall
          equal the lesser of: (1) $30,000 adjusted annually as provided in Code
          Section 415(d) pursuant to the Regulations, or (2) twenty-five percent
          (25%) of the Participant's "415 Compensation" for such "limitation
          year." If the Employer contribution that would otherwise be
          contributed or allocated to the Participant's accounts would cause the
          "annual additions" for the "limitation year" to exceed the maximum
          "annual additions," the amount contributed or allocated will be
          reduced so that the "annual additions" for the "limitation year" will
          equal the maximum "annual additions," and any amount in excess of the
          maximum "annual additions," which would have been allocated to such
          Participant may be allocated to other Participants. For any short
          "limitation year," the dollar limitation in (1) above

                                       38

<PAGE>

          shall be reduced by a fraction, the numerator of which is the number
          of full months in the short "limitation year" and the denominator of
          which is twelve (12).

               (b) For purposes of applying the limitations of Code Section 415,
          "annual additions" means the sum credited to a Participant's accounts
          for any "limitation year" of (1) Employer contributions, (2) Employee
          contributions, (3) forfeitures, (4) amounts allocated, after March 31,
          1984, to an individual medical account, as defined in Code Section
          415(l)(2) which is part of a pension or annuity plan maintained by the
          Employer and (5) amounts derived from contributions paid or accrued
          after December 31, 1985, in taxable years ending after such date,
          which are attributable to post-retirement medical benefits allocated
          to the separate account of a key employee (as defined in Code Section
          419A(d)(3)) under a welfare benefit plan (as defined in Code Section
          419(e)) maintained by the Employer. Except, however, the "415
          Compensation" percentage limitation referred to in paragraph (a)(2)
          above shall not apply to: (1) any contribution for medical benefits
          (within the meaning of Code Section 419A(f)(2)) after separation from
          service which is otherwise treated as an "annual addition," or (2) any
          amount otherwise treated as an "annual addition" under Code Section
          415(l)(1).

               (c) For purposes of applying the limitations of Code Section 415,
          the transfer of funds from one qualified plan to another is not an
          "annual addition." In addition, the following are not Employee
          contributions for the purposes of Section 4.9(b)(2): (1) rollover
          contributions (as defined in Code Sections 402(e)(6), 403(a)(4),
          403(b)(8) and 408(d)(3)); (2) repayments of loans made to a
          Participant from the Plan; (3) repayments of distributions received by
          an Employee pursuant to Code Section 411(a)(7)(B) (cash-outs); (4)
          repayments of distributions received by an Employee pursuant to Code
          Section 411(a)(3)(D) (mandatory contributions); and (5) Employee
          contributions to a simplified employee pension excludable from gross
          income under Code Section 408(k)(6).

               (d) For purposes of applying the limitations of Code Section 415,
          the "limitation year" shall be the Plan Year.

               (e) For the purpose of this Section, all qualified defined
          benefit plans (whether terminated or not) ever maintained by the
          Employer shall be treated as one defined benefit plan, and all
          qualified defined contribution plans (whether terminated or not) ever
          maintained by the Employer shall be treated as one defined
          contribution plan.

               (f) For the purpose of this Section, if the Employer is a member
          of a controlled group of corporations, trades or businesses under
          common control (as defined by Code Section 1563(a) or Code Section
          414(b) and (c) as modified by Code Section 415(h)), is a member of an
          affiliated service group (as defined by Code Section 414(m)), or is a
          member of a group of entities required to be aggregated pursuant to
          Regulations under Code Section 414(o), all Employees of such Employers
          shall be considered to be employed by a single Employer.

               (g) If this is a plan described in Code Section 413(c) (other
          than a plan described in Code Section 413(f)), then all of the
          benefits or contributions

                                       39

<PAGE>

          attributable to a Participant from all of the Employers maintaining
          this Plan shall be taken into account in applying the limits of this
          Section with respect to such Participant. Furthermore, in applying the
          limitations of this Section with respect to such a Participant, the
          total "415 Compensation" received by the Participant from all of the
          Employers maintaining the Plan shall be taken into account.

               (h)(1) If a Participant participates in more than one defined
          contribution plan maintained by the Employer which have different
          Anniversary Dates, the maximum "annual additions" under this Plan
          shall equal the maximum "annual additions" for the "limitation year"
          minus any "annual additions" previously credited to such Participant's
          accounts during the "limitation year."

               (2) If a Participant participates in both a defined contribution
               plan subject to Code Section 412 and a defined contribution plan
               not subject to Code Section 412 maintained by the Employer which
               have the same Anniversary Date, "annual additions" will be
               credited to the Participant's accounts under the defined
               contribution plan subject to Code Section 412 prior to crediting
               "annual additions" to the Participant's accounts under the
               defined contribution plan not subject to Code Section 412.

               (3) If a Participant participates in more than one defined
               contribution plan not subject to Code Section 412 maintained by
               the Employer which have the same Anniversary Date, the maximum
               "annual additions" under this Plan shall equal the product of (A)
               the maximum "annual additions" for the "limitation year" minus
               any "annual additions" previously credited under subparagraphs
               (1) or (2) above, multiplied by (B) a fraction (i) the numerator
               of which is the "annual additions" which would be credited to
               such Participant's accounts under this Plan without regard to the
               limitations of Code Section 415 and (ii) the denominator of which
               is such "annual additions" for all plans described in this
               subparagraph.

               (i) If the sum of the defined benefit plan fraction and the
          defined contribution plan fraction shall exceed 1.0 in any "limitation
          year" for any Participant in this Plan, the Administrator shall adjust
          the numerator of the defined benefit plan fraction so that the sum of
          both fractions shall not exceed 1.0 in any "limitation year" for such
          Participant.

               (j) Notwithstanding anything contained in this Section to the
          contrary, the limitations, adjustments and other requirements
          prescribed in this Section shall at all times comply with the
          provisions of Code Section 415 and the Regulations thereunder.
          Effective as of the first day of the first "limitation year" beginning
          on or after January 1, 2000 (the "effective date"), and
          notwithstanding any other provision of the Plan, the accrued benefit
          for any Participant shall be determined without applying the
          limitations of Code Section 415(e) as in effect on the day immediately
          prior to the "effective date."

4.10 ADJUSTMENT FOR EXCESSIVE ANNUAL ADDITIONS

               (a) If, as a result of a reasonable error in estimating a
          Participant's Compensation, a reasonable error in determining the
          amount of elective deferrals

                                       40

<PAGE>

          (within the meaning of Code Section 402(g)(3)) that may be made with
          respect to any Participant under the limits of Section 4.9 or other
          facts and circumstances to which Regulation 1.415-6(b)(6) shall be
          applicable, the "annual additions" under this Plan would cause the
          maximum "annual additions" to be exceeded for any Participant, the
          "excess amount" will be disposed of in one of the following manners,
          as uniformly determined by the Administrator for all Participants
          similarly situated.

               (1) Any unmatched Deferred Compensation and, thereafter,
               proportionately from Deferred Compensation which is matched and
               matching contributions which relate to such Deferred
               Compensation, will be reduced to the extent they would reduce the
               "excess amount." The Deferred Compensation (and any gains
               attributable to such Deferred Compensation) will be distributed
               to the Participant and the Employer matching contributions (and
               any gains attributable to such matching contributions) will be
               used to reduce the Employer contribution in the next "limitation
               year";

               (2) If, after the application of subparagraph (1) above, an
               "excess amount" still exists, and the Participant is covered by
               the Plan at the end of the "limitation year," the "excess amount"
               will be used to reduce the Employer contribution for such
               Participant in the next "limitation year," and each succeeding
               "limitation year" if necessary;

               (3) If, after the application of subparagraphs (1) and (2) above,
               an "excess amount" still exists, and the Participant is not
               covered by the Plan at the end of the "limitation year," the
               "excess amount" will be held unallocated in a "Section 415
               suspense account." The "Section 415 suspense account" will be
               applied to reduce future Employer contributions for all remaining
               Participants in the next "limitation year," and each succeeding
               "limitation year" if necessary;

               (4) If a "Section 415 suspense account" is in existence at any
               time during the "limitation year" pursuant to this Section, it
               will not participate in the allocation of investment gains and
               losses of the Trust Fund. If a "Section 415 suspense account" is
               in existence at any time during a particular "limitation year,"
               all amounts in the "Section 415 suspense account" must be
               allocated and reallocated to Participants' accounts before any
               Employer contributions or any Employee contributions may be made
               to the Plan for that "limitation year." Except as provided in (1)
               above, "excess amounts" may not be distributed to Participants or
               Former Participants.

               (b) For purposes of this Article, "excess amount" for any
          Participant for a "limitation year" shall mean the excess, if any, of
          (1) the "annual additions" which would be credited to the
          Participant's account under the terms of the Plan without regard to
          the limitations of Code Section 415 over (2) the maximum "annual
          additions" determined pursuant to Section 4.9.

                                       41

<PAGE>

               (c) For purposes of this Section, "Section 415 suspense account"
          shall mean an unallocated account equal to the sum of "excess amounts"
          for all Participants in the Plan during the "limitation year."

4.11 ROLLOVERS AND PLAN-TO-PLAN TRANSFERS FROM QUALIFIED PLANS

               (a) With the consent of the Administrator, amounts may be
          transferred (within the meaning of Code Section 414(l)) to this Plan
          from other tax qualified plans under Code Section 401(a) by
          Participants, provided the trust from which such funds are transferred
          permits the transfer to be made and the transfer will not jeopardize
          the tax exempt status of the Plan or Trust or create adverse tax
          consequences for the Employer. Prior to accepting any transfers to
          which this Section applies, the Administrator may require an opinion
          of counsel that the amounts to be transferred meet the requirements of
          this Section. The amounts transferred shall be set up in a separate
          account herein referred to as a Participant's Transfer/Rollover
          Account. Furthermore, for vesting purposes, the Participant's portion
          of the Participant's Transfer/Rollover Account attributable to any
          transfer shall be subject to Section 6.4(b).

                    Except as permitted by Regulations (including Regulation
          1.411(d)-4), amounts attributable to elective contributions (as
          defined in Regulation 1.401(k)-1(g)(3)), including amounts treated as
          elective contributions, which are transferred from another qualified
          plan in a plan-to-plan transfer (other than a direct rollover) shall
          be subject to the distribution limitations provided for in Regulation
          1.401(k)-1(d).

               (b) With the consent of the Administrator, the Plan may accept a
          "rollover" by Participants, provided the "rollover" will not
          jeopardize the tax exempt status of the Plan or create adverse tax
          consequences for the Employer. Prior to accepting any "rollovers" to
          which this Section applies, the Administrator may require the Employee
          to establish (by providing opinion of counsel or otherwise) that the
          amounts to be rolled over to this Plan meet the requirements of this
          Section. The amounts rolled over shall be set up in a separate account
          herein referred to as a "Participant's Transfer/Rollover Account."
          Such account shall be fully Vested at all times and shall not be
          subject to Forfeiture for any reason.

                    For purposes of this Section, the term "qualified plan"
          shall mean any tax qualified plan under Code Section 401(a), or, any
          other plans from which distributions are eligible to be rolled over
          into this Plan pursuant to the Code. The term "rollover" means: (i)
          amounts transferred to this Plan directly from another qualified plan;
          (ii) distributions received by an Employee from other "qualified
          plans" which are eligible for tax-free rollover to a "qualified plan"
          and which are transferred by the Employee to this Plan within sixty
          (60) days following receipt thereof; (iii) amounts transferred to this
          Plan from a conduit individual retirement account provided that the
          conduit individual retirement account has no assets other than assets
          which (A) were previously distributed to the Employee by another
          "qualified plan," (B) were eligible for tax-free rollover to a
          "qualified plan" and (C) were deposited in such conduit individual
          retirement account within sixty (60) days of receipt thereof; (iv)
          amounts distributed to the Employee from a conduit individual
          retirement account meeting the requirements of clause

                                       42

<PAGE>

          (iii) above, and transferred by the Employee to this Plan within sixty
          (60) days of receipt thereof from such conduit individual retirement
          account; and (v) any other amounts which are eligible to be rolled
          over to this Plan pursuant to the Code.

               (c) Amounts in a Participant's Transfer/Rollover Account shall be
          held by the Trustee pursuant to the provisions of this Plan and may
          not be withdrawn by, or distributed to the Participant, in whole or in
          part, except as provided in Section 6.10 and Section 6.11 and
          paragraph (d) of this Section. The Trustee shall have no duty or
          responsibility to inquire as to the propriety of the amount, value or
          type of assets transferred, nor to conduct any due diligence with
          respect to such assets; provided, however, that such assets are
          otherwise eligible to be held by the Trustee under the terms of this
          Plan.

               (d) At such date when the Participant or the Participant's
          Beneficiary shall be entitled to receive benefits, the Participant's
          Transfer/Rollover Account shall be used to provide additional benefits
          to the Participant or the Participant's Beneficiary. Any distributions
          of amounts held in a Participant's Transfer/Rollover Account shall be
          made in a manner which is consistent with and satisfies the provisions
          of Section 6.5, including, but not limited to, all notice and consent
          requirements of Code Section 411(a)(11) and the Regulations
          thereunder. Furthermore, such amounts shall be considered as part of a
          Participant's benefit in determining whether an involuntary cash-out
          of benefits may be made without Participant consent.

               (e) The Administrator may direct that Employee transfers and
          rollovers made after a Valuation Date be segregated into a separate
          account for each Participant until such time as the allocations
          pursuant to this Plan have been made, at which time they may remain
          segregated or be invested as part of the general Trust Fund or be
          directed by the Participant pursuant to Section 4.12.

               (f) This Plan shall not accept any direct or indirect transfers
          (as that term is defined and interpreted under Code Section 401(a)(11)
          and the Regulations thereunder) from a defined benefit plan, money
          purchase plan (including a target benefit plan), stock bonus or profit
          sharing plan which would otherwise have provided for a life annuity
          form of payment to the Participant.

               (g) Notwithstanding anything herein to the contrary, a transfer
          directly to this Plan from another qualified plan (or a transaction
          having the effect of such a transfer) shall only be permitted if it
          will not result in the elimination or reduction of any "Section
          411(d)(6) protected benefit" as described in Section 7.1.

4.12 DIRECTED INVESTMENT ACCOUNT

               (a) Participants may, subject to a procedure established by the
          Administrator (the Participant Direction Procedures) and applied in a
          uniform nondiscriminatory manner, direct the Trustee, in writing (or
          in such other form which is acceptable to the Trustee), to invest all
          of their accounts in specific assets, specific funds or other
          investments permitted under the Plan and the Participant Direction
          Procedures. That portion of the interest of any Participant so
          directing will thereupon be considered a Participant's Directed
          Account.

                                       43

<PAGE>

               (b) As of each Valuation Date, all Participant Directed Accounts
          shall be charged or credited with the net earnings, gains, losses and
          expenses as well as any appreciation or depreciation in the market
          value using publicly listed fair market values when available or
          appropriate as follows:

               (1) to the extent that the assets in a Participant's Directed
               Account are accounted for as pooled assets or investments, the
               allocation of earnings, gains and losses of each Participant's
               Directed Account shall be based upon the total amount of funds so
               invested in a manner proportionate to the Participant's share of
               such pooled investment; and

               (2) to the extent that the assets in the Participant's Directed
               Account are accounted for as segregated assets, the allocation of
               earnings, gains and losses from such assets shall be made on a
               separate and distinct basis.

               (c) Investment directions will be processed as soon as
          administratively practicable after proper investment directions are
          received from the Participant. No guarantee is made by the Plan,
          Employer, Administrator or Trustee that investment directions will be
          processed on a daily basis, and no guarantee is made in any respect
          regarding the processing time of an investment direction.
          Notwithstanding any other provision of the Plan, the Employer,
          Administrator or Trustee reserves the right to not value an investment
          option on any given Valuation Date for any reason deemed appropriate
          by the Employer, Administrator or Trustee. Furthermore, the processing
          of any investment transaction may be delayed for any legitimate
          business reason (including, but not limited to, failure of systems or
          computer programs, failure of the means of the transmission of data,
          force majeure, the failure of a service provider to timely receive
          values or prices, and correction for errors or omissions or the errors
          or omissions of any service provider). The processing date of a
          transaction will be binding for all purposes of the Plan and
          considered the applicable Valuation Date for an investment
          transaction.

               (d) The Participant Direction Procedures shall provide an
          explanation of the circumstances under which Participants and their
          Beneficiaries may give investment instructions, including, but need
          not be limited to, the following:

               (1) the conveyance of instructions by the Participants and their
               Beneficiaries to invest Participant Directed Accounts in Directed
               Investment Options;

               (2) the name, address and phone number of the Fiduciary (and, if
               applicable, the person or persons designated by the Fiduciary to
               act on its behalf) responsible for providing information to the
               Participant or a Beneficiary upon request relating to the
               Directed Investment Options;

               (3) applicable restrictions on transfers to and from any
               Designated Investment Alternative;

                                       44

<PAGE>

               (4) any restrictions on the exercise of voting, tender and
               similar rights related to a Directed Investment Option by the
               Participants or their Beneficiaries;

               (5) a description of any transaction fees and expenses which
               affect the balances in Participant Directed Accounts in
               connection with the purchase or sale of Directed Investment
               Options; and

               (6) general procedures for the dissemination of investment and
               other information relating to the Designated Investment
               Alternatives as deemed necessary or appropriate, including but
               not limited to a description of the following:

                    (i) the investment vehicles available under the Plan,
                    including specific information regarding any Designated
                    Investment Alternative;

                    (ii) any designated Investment Managers; and

                    (iii) a description of the additional information which may
                    be obtained upon request from the Fiduciary designated to
                    provide such information.

               (e) Any information regarding investments available under the
          Plan, to the extent not required to be described in the Participant
          Direction Procedures, may be provided to the Participant in one or
          more written documents (or in any other form including, but not
          limited to, electronic media) which are separate from the Participant
          Direction Procedures and are not thereby incorporated by reference
          into this Plan.

               (f) The Administrator may, in its discretion, include in or
          exclude by amendment or other action from the Participant Direction
          Procedures such instructions, guidelines or policies as it deems
          necessary or appropriate to ensure proper administration of the Plan,
          and may interpret the same accordingly.

4.13 QUALIFIED MILITARY SERVICE

          Notwithstanding any provision of this Plan to the contrary,
contributions, benefits and service will be provided in accordance with Code
Section 414(u).

                                    ARTICLE V
                                   VALUATIONS

5.1  VALUATION OF THE TRUST FUND

          The Administrator shall direct the Trustee, as of each Valuation Date,
to determine the net worth of the assets comprising the Trust Fund as it exists
on the Valuation Date. In determining such net worth, the Trustee shall value
the assets comprising the Trust Fund at their fair market value (or their
contractual value in the case of a Contract or Policy) as of the Valuation Date
and shall deduct all expenses for which the Trustee has not yet obtained

                                       45

<PAGE>

reimbursement from the Employer or the Trust Fund. The Trustee may update the
value of any shares held in the Participant Directed Account by reference to the
number of shares held by that Participant, priced at the market value as of the
Valuation Date.

5.2  METHOD OF VALUATION

          In determining the fair market value of securities held in the Trust
Fund which are listed on a registered stock exchange, the Administrator shall
direct the Trustee to value the same at the prices they were last traded on such
exchange preceding the close of business on the Valuation Date. If such
securities were not traded on the Valuation Date, or if the exchange on which
they are traded was not open for business on the Valuation Date, then the
securities shall be valued at the prices at which they were last traded prior to
the Valuation Date. Any unlisted security held in the Trust Fund shall be valued
at its bid price next preceding the close of business on the Valuation Date,
which bid price shall be obtained from a registered broker or an investment
banker. In determining the fair market value of assets other than securities for
which trading or bid prices can be obtained, the Trustee may appraise such
assets itself, or in its discretion, employ one or more appraisers for that
purpose and rely on the values established by such appraiser or appraisers.

                                   ARTICLE VI
                   DETERMINATION AND DISTRIBUTION OF BENEFITS

6.1  DETERMINATION OF BENEFITS UPON RETIREMENT

          Every Participant may terminate employment with the Employer and
retire for the purposes hereof on the Participant's Normal Retirement Date.
However, a Participant may postpone the termination of employment with the
Employer to a later date, in which event the participation of such Participant
in the Plan, including the right to receive allocations pursuant to Section 4.4,
shall continue until such Participant's Late Retirement Date. Upon a
Participant's Retirement Date, or as soon thereafter as is practicable, the
Trustee shall distribute, at the election of the Participant, all amounts
credited to such Participant's Combined Account in accordance with Section 6.5.

6.2  DETERMINATION OF BENEFITS UPON DEATH

               (a) Upon the death of a Participant before the Participant's
          Retirement Date or other termination of employment, all amounts
          credited to such Participant's Combined Account shall become fully
          Vested. The Administrator shall direct the Trustee, in accordance with
          the provisions of Sections 6.6 and 6.7, to distribute the value of the
          deceased Participant's accounts to the Participant's Beneficiary.

               (b) Upon the death of a Former Participant, the Administrator
          shall direct the Trustee, in accordance with the provisions of
          Sections 6.6 and 6.7, to distribute any remaining Vested amounts
          credited to the accounts of a deceased Former Participant to such
          Former Participant's Beneficiary.

               (c) The Administrator may require such proper proof of death and
          such evidence of the right of any person to receive payment of the
          value of the account of a deceased Participant or Former Participant
          as the Administrator may

                                       46

<PAGE>

          deem desirable. The Administrator's determination of death and of the
          right of any person to receive payment shall be conclusive.

               (d) The Beneficiary of the death benefit payable pursuant to this
          Section shall be the Participant's spouse. Except, however, the
          Participant may designate a Beneficiary other than the spouse if:

               (1) the spouse has waived the right to be the Participant's
               Beneficiary, or

               (2) the Participant is legally separated or has been abandoned
               (within the meaning of local law) and the Participant has a court
               order to such effect (and there is no "qualified domestic
               relations order" as defined in Code Section 414(p) which provides
               otherwise), or

               (3) the Participant has no spouse, or

               (4) the spouse cannot be located.

                    In such event, the designation of a Beneficiary shall be
          made on a form satisfactory to the Administrator. A Participant may at
          any time revoke a designation of a Beneficiary or change a Beneficiary
          by filing written (or in such other form as permitted by the Internal
          Revenue Service) notice of such revocation or change with the
          Administrator. However, the Participant's spouse must again consent in
          writing (or in such other form as permitted by the Internal Revenue
          Service) to any change in Beneficiary unless the original consent
          acknowledged that the spouse had the right to limit consent only to a
          specific Beneficiary and that the spouse voluntarily elected to
          relinquish such right.

               (e) In the event no valid designation of Beneficiary exists, or
          if the Beneficiary is not alive at the time of the Participant's
          death, the death benefit will be paid in the following order of
          priority to:

               (1) the Participant's surviving spouse;

               (2) the Participant's children and grandchildren per stirpes;

               (3) the Participant's surviving parents, in equal shares;

               (4) the Participant's surviving siblings, in equal shares; or

               (5) the Participant's estate.

                    If the Beneficiary does not predecease the Participant, but
          dies prior to distribution of the death benefit, the death benefit
          will be paid to the Beneficiary's estate.

               (f) Notwithstanding anything in this Section to the contrary, if
          a Participant has designated the spouse as a Beneficiary, then a
          divorce decree or a legal separation that relates to such spouse shall
          revoke the Participant's

                                       47

<PAGE>

          designation of the spouse as a Beneficiary unless the decree or a
          qualified domestic relations order (within the meaning of Code Section
          414(p)) provides otherwise.

               (g) Any consent by the Participant's spouse to waive any rights
          to the death benefit must be in writing (or in such other form as
          permitted by the Internal Revenue Service), must acknowledge the
          effect of such waiver, and be witnessed by a Plan representative or a
          notary public. Further, the spouse's consent must be irrevocable and
          must acknowledge the specific nonspouse Beneficiary.

6.3  DETERMINATION OF BENEFITS IN EVENT OF DISABILITY

          In the event of a Participant's Total and Permanent Disability prior
to the Participant's Retirement Date or other termination of employment, all
amounts credited to such Participant's Combined Account shall become fully
Vested. In the event of a Participant's Total and Permanent Disability, the
Administrator, in accordance with the provisions of Sections 6.5 and 6.7, shall
direct the distribution to such Participant of all Vested amounts credited to
such Participant's Combined Account.

6.4  DETERMINATION OF BENEFITS UPON TERMINATION

               (a) If a Participant's employment with the Employer is terminated
          for any reason other than death, Total and Permanent Disability or
          retirement, then such Participant shall be entitled to such benefits
          as are provided hereinafter pursuant to this Section 6.4.

                    Distribution of the funds due to a Terminated Participant
          shall be made on the occurrence of an event which would result in the
          distribution had the Terminated Participant remained in the employ of
          the Employer (upon the Participant's death, Total and Permanent
          Disability or Normal Retirement). However, at the election of the
          Participant, the Administrator shall direct the Trustee that the
          entire Vested portion of the Terminated Participant's Combined Account
          be payable to such Terminated Participant. Any distribution under this
          paragraph shall be made in a manner which is consistent with and
          satisfies the provisions of Section 6.5, including, but not limited
          to, all notice and consent requirements of Code Section 411(a)(11) and
          the Regulations thereunder.

                    If the value of a Terminated Participant's Vested benefit
          derived from Employer and Employee contributions does not exceed
          $5,000 ($1,000 for distributions on or after March 28, 2005), then the
          Administrator shall direct the Trustee to cause the entire Vested
          benefit to be paid to such Participant in a single lump sum.

                    For purposes of this Section 6.4, if the value of a
          Terminated Participant's Vested benefit is zero, the Terminated
          Participant shall be deemed to have received a distribution of such
          Vested benefit.

               (b) The Vested portion of any Participant's Account shall be a
          percentage of the total amount credited to the Participant's Account
          determined on

                                       48

<PAGE>

          the basis of the Participant's number of Years of Service according to
          the following schedule:

<TABLE>
<CAPTION>
       Vesting Schedule
-----------------------------
Years of Service   Percentage
----------------   ----------
<S>                <C>
   Less than 2          0 %
        2              40 %
        3              60 %
        4              80 %
        5             100 %
</TABLE>

               (c) Notwithstanding the vesting schedule above, the Vested
          percentage of a Participant's Account shall not be less than the
          Vested percentage attained as of the later of the effective date or
          adoption date of this amendment and restatement.

               (d) Notwithstanding the vesting schedule above, upon the complete
          discontinuance of the Employer contributions to the Plan or upon any
          full or partial termination of the Plan, all amounts then credited to
          the account of any affected Participant shall become 100% Vested and
          shall not thereafter be subject to Forfeiture.

               (e) The computation of a Participant's nonforfeitable percentage
          of such Participant's interest in the Plan shall not be reduced as the
          result of any direct or indirect amendment to this Plan. In the event
          that the Plan is amended to change or modify any vesting schedule, or
          if the Plan is amended in any way that directly or indirectly affects
          the computation of the Participant's nonforfeitable percentage, or if
          the Plan is deemed amended by an automatic change to a top heavy
          vesting schedule, then each Participant with at least three (3) Years
          of Service as of the expiration date of the election period may elect
          to have such Participant's nonforfeitable percentage computed under
          the Plan without regard to such amendment or change. If a Participant
          fails to make such election, then such Participant shall be subject to
          the new vesting schedule. The Participant's election period shall
          commence on the adoption date of the amendment and shall end sixty
          (60) days after the latest of:

               (1) the adoption date of the amendment,

               (2) the effective date of the amendment, or

               (3) the date the Participant receives written notice of the
               amendment from the Employer or Administrator.

6.5  DISTRIBUTION OF BENEFITS

               (a) The Administrator, pursuant to the election of the
          Participant, shall direct the Trustee to distribute to a Participant
          or such Participant's Beneficiary

                                       49

<PAGE>

          any amount to which the Participant is entitled under the Plan in one
          lump-sum payment in cash.

               (b) Any distribution to a Participant who has a benefit which
          exceeds $5,000 ($1,000 for distributions on or after March 28, 2005),
          shall require such Participant's written (or in such other form as
          permitted by the Internal Revenue Service) consent if such
          distribution occurs prior to the time the benefit is "immediately
          distributable." A benefit is "immediately distributable" if any part
          of the benefit could be distributed to the Participant (or surviving
          spouse) before the Participant attains (or would have attained if not
          deceased) the later of the Participant's Normal Retirement Age or age
          62.

               (c) The following rules will apply to the consent requirements
          set forth in subsection (b):

               (1) The Participant must be informed of the right to defer
               receipt of the distribution. If a Participant fails to consent,
               it shall be deemed an election to defer the distribution of any
               benefit. However, any election to defer the receipt of benefits
               shall not apply with respect to distributions which are required
               under Section 6.5(d).

               (2) Notice of the rights specified under this paragraph shall be
               provided no less than thirty (30) days and no more than ninety
               (90) days before the date the distribution commences.

               (3) Written (or such other form as permitted by the Internal
               Revenue Service) consent of the Participant to the distribution
               must not be made before the Participant receives the notice and
               must not be made more than ninety (90) days before the date the
               distribution commences.

               (4) No consent shall be valid if a significant detriment is
               imposed under the Plan on any Participant who does not consent to
               the distribution.

                    Any such distribution may commence less than thirty (30)
          days after the notice required under Regulation 1.411(a)-11(c) is
          given, provided that: (1) the Administrator clearly informs the
          Participant that the Participant has a right to a period of at least
          thirty (30) days after receiving the notice to consider the decision
          of whether or not to elect a distribution (and, if applicable, a
          particular distribution option), and (2) the Participant, after
          receiving the notice, affirmatively elects a distribution.

               (d) Notwithstanding any provision in the Plan to the contrary,
          the distribution of a Participant's benefits shall be made in
          accordance with the following requirements and shall otherwise comply
          with Code Section 401(a)(9) and the Regulations thereunder (including
          Regulation 1.401(a)(9)-2), the provisions of which are incorporated
          herein by reference:

               (1) A Participant's benefits shall be distributed or must begin
               to be distributed not later than the April 1st of the calendar
               year following the

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<PAGE>

               calendar year in which the Participant attains age 70 1/2. Such
               distribution shall be equal to or greater than any required
               distribution.

               (2) Distributions to a Participant and the Participant's
               Beneficiaries shall only be made in accordance with the
               incidental death benefit requirements of Code Section
               401(a)(9)(G) and the Regulations thereunder.

                    With respect to distributions under the Plan made for
          calendar years beginning on or after January 1, 2002, the Plan will
          apply the minimum distribution requirements of Code Section 401(a)(9)
          in accordance with the Regulations under Code Section 401(a)(9) that
          were proposed on January 17, 2001, notwithstanding any provision of
          the Plan to the contrary. This amendment shall continue in effect
          until the end of the last calendar year beginning before the effective
          date of final Regulations under Code Section 401(a)(9) or such other
          date specified in guidance published by the Internal Revenue Service.

               (e) For purposes of this Section, the life expectancy of a
          Participant and a Participant's spouse shall not be redetermined in
          accordance with Code Section 401(a)(9)(D). Life expectancy and joint
          and last survivor expectancy shall be computed using the return
          multiples in Tables V and VI of Regulation 1.72-9.

               (f) All annuity Contracts under this Plan shall be
          non-transferable when distributed. Furthermore, the terms of any
          annuity Contract purchased and distributed to a Participant or spouse
          shall comply with all of the requirements of the Plan.

               (g) If a distribution is made to a Participant who has not
          severed employment and who is not fully Vested in the Participant's
          Account and the Participant may increase the Vested percentage in such
          account, then, at any relevant time the Participant's Vested portion
          of the account will be equal to an amount ("X") determined by the
          formula:

                            X equals P(AB plus D) - D

                    For purposes of applying the formula: P is the Vested
          percentage at the relevant time, AB is the account balance at the
          relevant time, and D is the amount of distribution.

6.6  DISTRIBUTION OF BENEFITS UPON DEATH

               (a) The death benefit payable pursuant to Section 6.2 shall be
          paid to the Participant's Beneficiary in one lump-sum payment in cash
          subject to the rules of Section 6.6(b).

               (b) Notwithstanding any provision in the Plan to the contrary,
          distributions upon the death of a Participant shall be made in
          accordance with the following requirements and shall otherwise comply
          with Code Section 401(a)(9) and the Regulations thereunder. If it is
          determined, pursuant to Regulations, that the distribution of a
          Participant's interest has begun and the Participant dies before the
          entire interest has been distributed, the remaining portion of such
          interest shall

                                       51

<PAGE>

          be distributed at least as rapidly as under the method of distribution
          selected pursuant to Section 6.5 as of the date of death. If a
          Participant dies before receiving any distributions of the interest in
          the Plan or before distributions are deemed to have begun pursuant to
          Regulations, then the death benefit shall be distributed to the
          Participant's Beneficiaries by December 31st of the calendar year in
          which the fifth anniversary of the Participant's date of death
          occurs.

                    However, in the event that the Participant's spouse
          (determined as of the date of the Participant's death) is the
          designated Beneficiary, then in lieu of the preceding rules,
          distributions must be made over a period not extending beyond the life
          expectancy of the spouse and must commence on or before the later of:
          (1) December 31st of the calendar year immediately following the
          calendar year in which the Participant died; or (2) December 31st of
          the calendar year in which the Participant would have attained age 70
          1/2. If the surviving spouse dies before distributions to such spouse
          begin, then the 5-year distribution requirement of this Section shall
          apply as if the spouse was the Participant.

               (c) For purposes of this Section, any amount paid to a child of
          the Participant will be treated as if it had been paid to the
          surviving spouse if the amount becomes payable to the surviving spouse
          when the child reaches the age of majority.

6.7  TIME OF SEGREGATION OR DISTRIBUTION

          Except as limited by Sections 6.5 and 6.6, whenever the Trustee is to
make a distribution the distribution may be made on such date or as soon
thereafter as is practicable. However, unless a Former Participant elects in
writing to defer the receipt of benefits (such election may not result in a
death benefit that is more than incidental), the payment of benefits shall occur
not later than the sixtieth (60th) day after the close of the Plan Year in which
the latest of the following events occurs: (a) the date on which the Participant
attains the earlier of age 65 or the Normal Retirement Age specified herein; (b)
the tenth (10th) anniversary of the year in which the Participant commenced
participation in the Plan; or (c) the date the Participant terminates service
with the Employer.

          Notwithstanding the foregoing, the failure of a Participant to consent
to a distribution that is "immediately distributable" (within the meaning of
Section 6.5), shall be deemed to be an election to defer the commencement of
payment of any benefit sufficient to satisfy this Section.

6.8  DISTRIBUTION FOR MINOR OR INCOMPETENT BENEFICIARY

          In the event a distribution is to be made to a minor or incompetent
Beneficiary, then the Administrator may direct that such distribution be paid to
the legal guardian, or if none in the case of a minor Beneficiary, to a parent
of such Beneficiary or a responsible adult with whom the Beneficiary maintains
residence, or to the custodian for such Beneficiary under the Uniform Gift to
Minors Act or Gift to Minors Act, if such is permitted by the laws of the state
in which said Beneficiary resides. Such a payment to the legal guardian,
custodian or parent of a minor Beneficiary shall fully discharge the Trustee,
Employer, and Plan from further liability on account thereof.

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<PAGE>

6.9  LOCATION OF PARTICIPANT OR BENEFICIARY UNKNOWN

          In the event that all, or any portion, of the distribution payable to
a Participant or Beneficiary hereunder shall, at the later of the Participant's
attainment of age 62 or Normal Retirement Age, remain unpaid solely by reason of
the inability of the Administrator, after sending a registered letter, return
receipt requested, to the last known address, and after further diligent effort,
to ascertain the whereabouts of such Participant or Beneficiary, the amount so
distributable shall be treated as a Forfeiture pursuant to the Plan.
Notwithstanding the foregoing, if the value of a Participant's Vested benefit
derived from Employer and Employee contributions does not exceed $5,000 ($1,000
for distributions on or after March 28, 2005), then the amount distributable
may, in the sole discretion of the Administrator, either be treated as a
Forfeiture, or be paid directly to an individual retirement account described in
Code Section 408(a) or an individual retirement annuity described in Code
Section 408(b) at the time it is determined that the whereabouts of the
Participant or the Participant's Beneficiary cannot be ascertained. In the event
a Participant or Beneficiary is located subsequent to the Forfeiture, such
benefit shall be restored, first from Forfeitures, if any, and then from an
additional Employer contribution if necessary. However, regardless of the
preceding, a benefit which is lost by reason of escheat under applicable state
law is not treated as a Forfeiture for purposes of this Section nor as an
impermissible forfeiture under the Code.

6.10 PRE-RETIREMENT DISTRIBUTION

          At such time as a Participant shall have attained the age of 70 1/2
years, the Administrator, at the election of the Participant who has not severed
employment with the Employer, shall direct the Trustee to distribute all or a
portion of the amount then credited to the accounts maintained on behalf of the
Participant. However, no distribution from the Participant's Account shall occur
prior to 100% vesting. In the event that the Administrator makes such a
distribution, the Participant shall continue to be eligible to participate in
the Plan on the same basis as any other Employee. Any distribution made pursuant
to this Section shall be made in a manner consistent with Section 6.5,
including, but not limited to, all notice and consent requirements of Code
Section 411(a)(11) and the Regulations thereunder.

          Notwithstanding the above, pre-retirement distributions from a
Participant's Elective Account shall not be permitted prior to the Participant
attaining age 59 1/2 except as otherwise permitted under the terms of the Plan.

6.11 ADVANCE DISTRIBUTION FOR HARDSHIP

               (a) The Administrator, at the election of the Participant, shall
          direct the Trustee to distribute to any Participant in any one Plan
          Year up to the lesser of 100% of the Vested Participant's Elective
          Account and Participant's Account and Participant's Transfer/Rollover
          Account valued as of the last Valuation Date or the amount necessary
          to satisfy the immediate and heavy financial need of the Participant.
          Any distribution made pursuant to this Section shall be deemed to be
          made as of the first day of the Plan Year or, if later, the Valuation
          Date immediately preceding the date of distribution, and the
          Participant's Elective Account and Participant's Account and
          Participant's Transfer/Rollover Account shall be reduced accordingly.
          Withdrawal under this Section is deemed to be on account of an
          immediate and heavy financial need of the Participant only if the
          withdrawal is for:

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<PAGE>

               (1) Medical expenses described in Code Section 213(d) incurred by
               the Participant, the Participant's spouse, or any of the
               Participant's dependents (as defined in Code Section 152) or
               necessary for these persons to obtain medical care as described
               in Code Section 213(d);

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

               (3) Payment of tuition, related educational fees, and room and
               board expenses for the next twelve (12) months of post-secondary
               education for the Participant and the Participant's spouse,
               children, or dependents;

               (4) Payments necessary to prevent the eviction of the Participant
               from the Participant's principal residence or foreclosure on the
               mortgage on that residence;

               (5) On and after January 1, 2006, payments for burial or funeral
               expenses for the Participant's deceased parent, spouse, child or
               dependent; or

               (6) On and after January 1, 2006, expenses for the repair of
               damage to the employee's principal residence that would qualify
               as a casualty deduction (but determined without regard to whether
               the expenses exceed 10% of the employee's adjusted gross income).

               (b) No distribution shall be made pursuant to this Section unless
          the Administrator, based upon the Participant's representation and
          such other facts as are known to the Administrator, determines that
          all of the following conditions are satisfied:

               (1) The distribution is not in excess of the amount of the
               immediate and heavy financial need of the Participant. The amount
               of the immediate and heavy financial need may include any amounts
               necessary to pay any federal, state, or local income taxes or
               penalties reasonably anticipated to result from the distribution;

               (2) The Participant has obtained all distributions, other than
               hardship distributions, and all nontaxable (at the time of the
               loan) loans currently available under all plans maintained by the
               Employer;

               (3) The Plan, and all other plans maintained by the Employer,
               provide that the Participant's elective deferrals and after-tax
               voluntary Employee contributions will be suspended for at least
               twelve (12) months after receipt of the hardship distribution or,
               the Participant, pursuant to a legally enforceable agreement,
               will suspend elective deferrals and after-tax voluntary Employee
               contributions to the Plan and all other plans maintained by the
               Employer for at least twelve (12) months after receipt of the
               hardship distribution; and

                                       54

<PAGE>

               (4) The Plan, and all other plans maintained by the Employer,
               provide that the Participant may not make elective deferrals for
               the Participant's taxable year immediately following the taxable
               year of the hardship distribution in excess of the applicable
               limit under Code Section 402(g) for such next taxable year less
               the amount of such Participant's elective deferrals for the
               taxable year of the hardship distribution.

               (c) Notwithstanding the above, distributions from the
          Participant's Elective Account pursuant to this Section shall be
          limited, as of the date of distribution, to the Participant's Elective
          Account as of the end of the last Plan Year ending before July 1,
          1989, plus the total Participant's Deferred Compensation after such
          date, reduced by the amount of any previous distributions pursuant to
          this Section and Section 6.10.

               (d) Any distribution made pursuant to this Section shall be made
          in a manner which is consistent with and satisfies the provisions of
          Section 6.5, including, but not limited to, all notice and consent
          requirements of Code Section 411(a)(11) and the Regulations
          thereunder.

6.12 QUALIFIED DOMESTIC RELATIONS ORDER DISTRIBUTION

          All rights and benefits, including elections, provided to a
Participant in this Plan shall be subject to the rights afforded to any
"alternate payee" under a "qualified domestic relations order." Furthermore, a
distribution to an "alternate payee" shall be permitted if such distribution is
authorized by a "qualified domestic relations order," even if the affected
Participant has not separated from service and has not reached the "earliest
retirement age" under the Plan. For the purposes of this Section, "alternate
payee," "qualified domestic relations order" and "earliest retirement age" shall
have the meaning set forth under Code Section 414(p).

6.13 DIRECT ROLLOVER

               (a) Notwithstanding any provision of the Plan to the contrary
          that would otherwise limit a "distributee's" election under this
          Section, a "distributee" may elect, at the time and in the manner
          prescribed by the Administrator, to have any portion of an "eligible
          rollover distribution" that is more than $1,000 (which shall include
          any rollover contribution and earnings thereon within the meaning of
          Code Sections 402(c), 403(a)(4), 403(b)(8), 408(d)(3)(A)(ii), and
          457(e)(16)) paid directly to an "eligible retirement plan" specified
          by the "distributee" in a "direct rollover."

               (b) For purposes of this Section the following definitions shall
          apply:

               (1) An "eligible rollover distribution" is any distribution of
               all or any portion of the balance to the credit of the
               "distributee," except that an "eligible rollover distribution"
               does not include: any distribution that is one of a series of
               substantially equal periodic payments (not less frequently than
               annually) made for the life (or life expectancy) of the
               "distributee" or the joint lives (or joint life expectancies) of
               the "distributee" and the "distributee's" designated beneficiary,
               or for a specified period of ten years or more; any distribution
               to the extent such

                                       55

<PAGE>

               distribution is required under Code Section 401(a)(9); the
               portion of any other distribution that is not includible in gross
               income (determined without regard to the exclusion for net
               unrealized appreciation with respect to employer securities); any
               hardship distribution described in Code Section
               401(k)(2)(B)(i)(IV); and any other distribution that is
               reasonably expected to total less than $200 during a year.

               (2) An "eligible retirement plan" is an individual retirement
               account described in Code Section 408(a), an individual
               retirement annuity described in Code Section 408(b), an annuity
               plan described in Code Section 403(a), or a qualified trust
               described in Code Section 401(a), that accepts the
               "distributee's" "eligible rollover distribution." However, in the
               case of an "eligible rollover distribution" to the surviving
               spouse, an "eligible retirement plan" is an individual retirement
               account or individual retirement annuity.

               (3) A "distributee" includes an Employee or former Employee. In
               addition, the Employee's or former Employee's surviving spouse
               and the Employee's or former Employee's spouse or former spouse
               who is the alternate payee under a qualified domestic relations
               order, as defined in Code Section 414(p), are "distributees" with
               regard to the interest of the spouse or former spouse.

               (4) A "direct rollover" is a payment by the Plan to the "eligible
               retirement plan" specified by the "distributee."

                                   ARTICLE VII
                       AMENDMENT, TERMINATION AND MERGERS

7.1  AMENDMENT

               (a) The Employer shall have the right at any time to amend this
          Plan, subject to the limitations of this Section. The Board of
          Directors of the Employer must authorize or ratify any amendment that
          materially increases the cost of the Plan or materially changes Plan
          benefits. The materiality of a cost increase or a change in benefit
          shall be determined by the Executive Compensation and Employee
          Benefits Committee of the Employer. However, any amendment which
          affects the rights, duties or responsibilities of the Trustee or
          Administrator may only be made with the Trustee's or Administrator's
          written consent. Any such amendment shall become effective as provided
          therein upon its execution. The Trustee shall not be required to
          execute any such amendment unless the amendment affects the duties of
          the Trustee hereunder.

               (b) No amendment to the Plan shall be effective if it authorizes
          or permits any part of the Trust Fund (other than such part as is
          required to pay taxes and administration expenses) to be used for or
          diverted to any purpose other than for the exclusive benefit of the
          Participants or their Beneficiaries or estates; or causes any
          reduction in the amount credited to the account of any Participant; or
          causes or permits any portion of the Trust Fund to revert to or become
          property of the Employer.

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<PAGE>

               (c) Except as permitted by Regulations (including Regulation
          1.411(d)-4) or other IRS guidance, no Plan amendment or transaction
          having the effect of a Plan amendment (such as a merger, plan transfer
          or similar transaction) shall be effective if it eliminates or reduces
          any "Section 411(d)(6) protected benefit" or adds or modifies
          conditions relating to "Section 411(d)(6) protected benefits" which
          results in a further restriction on such benefits unless such "Section
          411(d)(6) protected benefits" are preserved with respect to benefits
          accrued as of the later of the adoption date or effective date of the
          amendment. "Section 411(d)(6) protected benefits" are benefits
          described in Code Section 411(d)(6)(A), early retirement benefits and
          retirement-type subsidies, and optional forms of benefit. A Plan
          amendment that eliminates or restricts the ability of a Participant to
          receive payment of the Participant's interest in the Plan under a
          particular optional form of benefit will be permissible if the
          amendment satisfies the conditions in (1) and (2) below:

               (1) The amendment provides a single-sum distribution form that is
               otherwise identical to the optional form of benefit eliminated or
               restricted. For purposes of this condition (1), a single-sum
               distribution form is otherwise identical only if it is identical
               in all respects to the eliminated or restricted optional form of
               benefit (or would be identical except that it provides greater
               rights to the Participant) except with respect to the timing of
               payments after commencement.

               (2) The amendment is not effective unless the amendment provides
               that the amendment shall not apply to any distribution with an
               annuity starting date earlier than the earlier of: (i) the
               ninetieth (90th) day after the date the Participant receiving the
               distribution has been furnished a summary that reflects the
               amendment and that satisfies the Act requirements at 29 CFR
               2520.104b-3 (relating to a summary of material modifications) or
               (ii) the first day of the second Plan Year following the Plan
               Year in which the amendment is adopted.

7.2  TERMINATION

               (a) The Employer with the approval of its Board of Directors
          shall have the right at any time to terminate the Plan by delivering
          to the Trustee and Administrator written notice of such termination.
          Upon any full or partial termination, all amounts credited to the
          affected Participants' Combined Accounts shall become 100% Vested as
          provided in Section 6.4 and shall not thereafter be subject to
          forfeiture, and all unallocated amounts, including Forfeitures, shall
          be allocated to the accounts of all Participants in accordance with
          the provisions hereof.

               (b) Upon the full termination of the Plan, the Employer shall
          direct the distribution of the assets of the Trust Fund to
          Participants in a manner which is consistent with and satisfies the
          provisions of Section 6.5. Distributions to a Participant shall be
          made in cash or through the purchase of irrevocable nontransferable
          deferred commitments from an insurer. Except as permitted by

                                       57

<PAGE>

          Regulations, the termination of the Plan shall not result in the
          reduction of "Section 411(d)(6) protected benefits" in accordance with
          Section 7.1(c).

7.3  MERGER, CONSOLIDATION OR TRANSFER OF ASSETS

          This Plan may be merged or consolidated with, or its assets and/or
liabilities may be transferred to any other plan and trust only if the benefits
which would be received by a Participant of this Plan, in the event of a
termination of the Plan immediately after such transfer, merger or
consolidation, are at least equal to the benefits the Participant would have
received if the Plan had terminated immediately before the transfer, merger or
consolidation, and such transfer, merger or consolidation does not otherwise
result in the elimination or reduction of any "Section 411(d)(6) protected
benefits" in accordance with Section 7.1(c).

                                  ARTICLE VIII
                                    TOP HEAVY

8.1  TOP HEAVY PLAN REQUIREMENTS

          For any Top Heavy Plan Year, the Plan shall provide the special
vesting requirements of Code Section 416(b) pursuant to Section 6.4 of the Plan
and the special minimum allocation requirements of Code Section 416(c) pursuant
to Section 4.4 of the Plan.

8.2  DETERMINATION OF TOP HEAVY STATUS

               (a) This Plan shall be a Top Heavy Plan for any Plan Year in
          which, as of the Determination Date, (1) the Present Value of Accrued
          Benefits of Key Employees and (2) the sum of the Aggregate Accounts of
          Key Employees under this Plan and all plans of an Aggregation Group,
          exceeds sixty percent (60%) of the Present Value of Accrued Benefits
          and the Aggregate Accounts of all Key and Non-Key Employees under this
          Plan and all plans of an Aggregation Group.

                    If any Participant is a Non-Key Employee for any Plan Year,
          but such Participant was a Key Employee for any prior Plan Year, such
          Participant's Present Value of Accrued Benefit and/or Aggregate
          Account balance shall not be taken into account for purposes of
          determining whether this Plan is a Top Heavy or Super Top Heavy Plan
          (or whether any Aggregation Group which includes this Plan is a Top
          Heavy Group). In addition, if a Participant or Former Participant has
          not performed any services for any Employer maintaining the Plan at
          any time during the five year period ending on the Determination Date,
          any accrued benefit for such Participant or Former Participant shall
          not be taken into account for the purposes of determining whether this
          Plan is a Top Heavy or Super Top Heavy Plan.

               (b) This Plan shall be a Super Top Heavy Plan for any Plan Year
          in which, as of the Determination Date, (1) the Present Value of
          Accrued Benefits of Key Employees and (2) the sum of the Aggregate
          Accounts of Key Employees under this Plan and all plans of an
          Aggregation Group, exceeds ninety percent (90%) of the Present Value
          of Accrued Benefits and the Aggregate Accounts of all Key and Non-Key
          Employees under this Plan and all plans of an Aggregation Group.

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<PAGE>

               (c) Aggregate Account: A Participant's Aggregate Account as of
          the Determination Date is the sum of:

               (1) the Participant's Combined Account balance as of the most
               recent valuation occurring within a twelve (12) month period
               ending on the Determination Date.

               (2) an adjustment for any contributions due as of the
               Determination Date. Such adjustment shall be the amount of any
               contributions actually made after the Valuation Date but due on
               or before the Determination Date, except for the first Plan Year
               when such adjustment shall also reflect the amount of any
               contributions made after the Determination Date that are
               allocated as of a date in that first Plan Year.

               (3) any Plan distributions made within the Plan Year that
               includes the Determination Date or within the four (4) preceding
               Plan Years. However, in the case of distributions made after the
               Valuation Date and prior to the Determination Date, such
               distributions are not included as distributions for top heavy
               purposes to the extent that such distributions are already
               included in the Participant's Aggregate Account balance as of the
               Valuation Date. Notwithstanding anything herein to the contrary,
               all distributions, including distributions under a terminated
               plan which if it had not been terminated would have been required
               to be included in an Aggregation Group, will be counted. Further,
               distributions from the Plan (including the cash value of life
               insurance policies) of a Participant's account balance because of
               death shall be treated as a distribution for the purposes of this
               paragraph.

               (4) any Employee contributions, whether voluntary or mandatory.
               However, amounts attributable to tax deductible qualified
               voluntary employee contributions shall not be considered to be a
               part of the Participant's Aggregate Account balance.

               (5) with respect to unrelated rollovers and plan-to-plan
               transfers (ones which are both initiated by the Employee and made
               from a plan maintained by one employer to a plan maintained by
               another employer), if this Plan provides the rollovers or
               plan-to-plan transfers, it shall always consider such rollovers
               or plan-to-plan transfers as a distribution for the purposes of
               this Section. If this Plan is the plan accepting such rollovers
               or plan-to-plan transfers, it shall not consider such rollovers
               or plan-to-plan transfers as part of the Participant's Aggregate
               Account balance.

               (6) with respect to related rollovers and plan-to-plan transfers
               (ones either not initiated by the Employee or made to a plan
               maintained by the same employer), if this Plan provides the
               rollover or plan-to-plan transfer, it shall not be counted as a
               distribution for purposes of this Section. If this Plan is the
               plan accepting such rollover or plan-to-plan transfer, it shall
               consider such rollover or plan-to-plan transfer as part of the
               Participant's

                                       59

<PAGE>

               Aggregate Account balance, irrespective of the date on which such
               rollover or plan-to-plan transfer is accepted.

               (7) For the purposes of determining whether two employers are to
               be treated as the same employer in (5) and (6) above, all
               employers aggregated under Code Section 414(b), (c), (m) and (o)
               are treated as the same employer.

               (d) "Aggregation Group" means either a Required Aggregation Group
          or a Permissive Aggregation Group as hereinafter determined.

               (1) Required Aggregation Group: In determining a Required
               Aggregation Group hereunder, each plan of the Employer in which a
               Key Employee is a participant in the Plan Year containing the
               Determination Date or any of the four preceding Plan Years, and
               each other plan of the Employer which enables any plan in which a
               Key Employee participates to meet the requirements of Code
               Sections 401(a)(4) or 410, will be required to be aggregated.
               Such group shall be known as a Required Aggregation Group.

               In the case of a Required Aggregation Group, each plan in the
               group will be considered a Top Heavy Plan if the Required
               Aggregation Group is a Top Heavy Group. No plan in the Required
               Aggregation Group will be considered a Top Heavy Plan if the
               Required Aggregation Group is not a Top Heavy Group.

               (2) Permissive Aggregation Group: The Employer may also include
               any other plan not required to be included in the Required
               Aggregation Group, provided the resulting group, taken as a
               whole, would continue to satisfy the provisions of Code Sections
               401(a)(4) and 410. Such group shall be known as a Permissive
               Aggregation Group.

               In the case of a Permissive Aggregation Group, only a plan that
               is part of the Required Aggregation Group will be considered a
               Top Heavy Plan if the Permissive Aggregation Group is a Top Heavy
               Group. No plan in the Permissive Aggregation Group will be
               considered a Top Heavy Plan if the Permissive Aggregation Group
               is not a Top Heavy Group.

               (3) Only those plans of the Employer in which the Determination
               Dates fall within the same calendar year shall be aggregated in
               order to determine whether such plans are Top Heavy Plans.

               (4) An Aggregation Group shall include any terminated plan of the
               Employer if it was maintained within the last five (5) years
               ending on the Determination Date.

               (e) "Determination Date" means (a) the last day of the preceding
          Plan Year, or (b) in the case of the first Plan Year, the last day of
          such Plan Year.

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<PAGE>

               (f) Present Value of Accrued Benefit: In the case of a defined
          benefit plan, the Present Value of Accrued Benefit for a Participant
          other than a Key Employee, shall be as determined using the single
          accrual method used for all plans of the Employer and Affiliated
          Employers, or if no such single method exists, using a method which
          results in benefits accruing not more rapidly than the slowest accrual
          rate permitted under Code Section 411(b)(1)(C). The determination of
          the Present Value of Accrued Benefit shall be determined as of the
          most recent Valuation Date that falls within or ends with the 12-month
          period ending on the Determination Date except as provided in Code
          Section 416 and the Regulations thereunder for the first and second
          plan years of a defined benefit plan.

               (g) "Top Heavy Group" means an Aggregation Group in which, as of
          the Determination Date, the sum of:

               (1) the Present Value of Accrued Benefits of Key Employees under
               all defined benefit plans included in the group, and

               (2) the Aggregate Accounts of Key Employees under all defined
               contribution plans included in the group, exceeds sixty percent
               (60%) of a similar sum determined for all Participants.

                                   ARTICLE IX
                                  MISCELLANEOUS

9.1  PARTICIPANT'S RIGHTS

          This Plan shall not be deemed to constitute a contract between the
Employer and any Participant or to be a consideration or an inducement for the
employment of any Participant or Employee. Nothing contained in this Plan shall
be deemed to give any Participant or Employee the right to be retained in the
service of the Employer or to interfere with the right of the Employer to
discharge any Participant or Employee at any time regardless of the effect which
such discharge shall have upon the Employee as a Participant of this Plan.

9.2  ALIENATION

               (a) Subject to the exceptions provided below, and as otherwise
          permitted by the Code and the Act, no benefit which shall be payable
          out of the Trust Fund to any person (including a Participant or the
          Participant's Beneficiary) shall be subject in any manner to
          anticipation, alienation, sale, transfer, assignment, pledge,
          encumbrance, or charge, and any attempt to anticipate, alienate, sell,
          transfer, assign, pledge, encumber, or charge the same shall be void;
          and no such benefit shall in any manner be liable for, or subject to,
          the debts, contracts, liabilities, engagements, or torts of any such
          person, nor shall it be subject to attachment or legal process for or
          against such person, and the same shall not be recognized by the
          Trustee, except to such extent as may be required by law.

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               (b) Subsection (a) shall not apply to a "qualified domestic
          relations order" defined in Code Section 414(p), and those other
          domestic relations orders permitted to be so treated by the
          Administrator under the provisions of the Retirement Equity Act of
          1984. The Administrator shall establish a written procedure to
          determine the qualified status of domestic relations orders and to
          administer distributions under such qualified orders. Further, to the
          extent provided under a "qualified domestic relations order," a former
          spouse of a Participant shall be treated as the spouse or surviving
          spouse for all purposes under the Plan.

               (c) Subsection (a) shall not apply to an offset to a
          Participant's accrued benefit against an amount that the Participant
          is ordered or required to pay the Plan with respect to a judgment,
          order, or decree issued, or a settlement entered into, on or after
          August 5, 1997, in accordance with Code Sections 401(a)(13)(C) and
          (D).

9.3  CONSTRUCTION OF PLAN

          This Plan shall be construed and enforced according to the Code, the
Act and the laws of the State of Georgia, other than its laws respecting choice
of law, to the extent not pre-empted by the Act.

9.4  GENDER AND NUMBER

          Wherever any words are used herein in the masculine, feminine or
neuter gender, they shall be construed as though they were also used in another
gender in all cases where they would so apply, and whenever any words are used
herein in the singular or plural form, they shall be construed as though they
were also used in the other form in all cases where they would so apply.

9.5  LEGAL ACTION

          In the event any claim, suit, or proceeding is brought regarding the
Trust and/or Plan established hereunder to which the Trustee, the Employer or
the Administrator may be a party, and such claim, suit, or proceeding is
resolved in favor of the Trustee, the Employer or the Administrator, they shall
be entitled to be reimbursed from the Trust Fund for any and all costs,
attorney's fees, and other expenses pertaining thereto incurred by them for
which they shall have become liable.

9.6  PROHIBITION AGAINST DIVERSION OF FUNDS

               (a) Except as provided below and otherwise specifically permitted
          by law, it shall be impossible by operation of the Plan or of the
          Trust, by termination of either, by power of revocation or amendment,
          by the happening of any contingency, by collateral arrangement or by
          any other means, for any part of the corpus or income of any Trust
          Fund maintained pursuant to the Plan or any funds contributed thereto
          to be used for, or diverted to, purposes other than the exclusive
          benefit of Participants, Former Participants, or their Beneficiaries.

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               (b) In the event the Employer shall make an excessive
          contribution under a mistake of fact pursuant to Act Section
          403(c)(2)(A), the Employer may demand repayment of such excessive
          contribution at any time within one (1) year following the time of
          payment and the Trustees shall return such amount to the Employer
          within the one (1) year period. Earnings of the Plan attributable to
          the contributions may not be returned to the Employer but any losses
          attributable thereto must reduce the amount so returned.

               (c) Except for Sections 3.5, 3.6, and 4.1(d), any contribution by
          the Employer to the Trust Fund is conditioned upon the deductibility
          of the contribution by the Employer under the Code and, to the extent
          any such deduction is disallowed, the Employer may, within one (1)
          year following the final determination of the disallowance, whether by
          agreement with the Internal Revenue Service or by final decision of a
          competent jurisdiction, demand repayment of such disallowed
          contribution and the Trustee shall return such contribution within one
          (1) year following the disallowance. Earnings of the Plan attributable
          to the contribution may not be returned to the Employer, but any
          losses attributable thereto must reduce the amount so returned.

9.7  EMPLOYER'S AND TRUSTEE'S PROTECTIVE CLAUSE

          The Employer, Administrator and Trustee, and their successors, shall
not be responsible for the validity of any Contract issued hereunder or for the
failure on the part of the insurer to make payments provided by any such
Contract, or for the action of any person which may delay payment or render a
Contract null and void or unenforceable in whole or in part.

9.8  INSURER'S PROTECTIVE CLAUSE

          Except as otherwise agreed upon in writing between the Employer and
the insurer, an insurer which issues any Contracts hereunder shall not have any
responsibility for the validity of this Plan or for the tax or legal aspects of
this Plan. The insurer shall be protected and held harmless in acting in
accordance with any written direction of the Trustee, and shall have no duty to
see to the application of any funds paid to the Trustee, nor be required to
question any actions directed by the Trustee. Regardless of any provision of
this Plan, the insurer shall not be required to take or permit any action or
allow any benefit or privilege contrary to the terms of any Contract which it
issues hereunder, or the rules of the insurer.

9.9  RECEIPT AND RELEASE FOR PAYMENTS

          Any payment to any Participant, the Participant's legal
representative, Beneficiary, or to any guardian or committee appointed for such
Participant or Beneficiary in accordance with the provisions of the Plan, shall,
to the extent thereof, be in full satisfaction of all claims hereunder against
the Trustee and the Employer, either of whom may require such Participant, legal
representative, Beneficiary, guardian or committee, as a condition precedent to
such payment, to execute a receipt and release thereof in such form as shall be
determined by the Trustee or Employer.

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9.10 ACTION BY THE EMPLOYER

          Whenever the Employer under the terms of the Plan is permitted or
required to do or perform any act or matter or thing, it shall be done and
performed by a person duly authorized by its legally constituted authority.

9.11 NAMED FIDUCIARIES AND ALLOCATION OF RESPONSIBILITY

          The "named Fiduciaries" of this Plan are (1) the Employer, (2) the
Administrator, (3) the Executive Compensation and Employee Benefits Committee of
the Employer, (4) the Trustee and (5) any Investment Manager appointed
hereunder. The named Fiduciaries shall have only those specific powers, duties,
responsibilities, and obligations as are specifically given them under the Plan
including, but not limited to, any agreement allocating or delegating their
responsibilities, the terms of which are incorporated herein by reference. In
general, the Employer shall have the sole responsibility for making the
contributions provided for under Section 4.1; and shall have the authority to
appoint and remove the Trustee and the Administrator; to formulate the Plan's
"funding policy and method"; and to amend or terminate, in whole or in part, the
Plan. The Administrator shall have the sole responsibility for the
administration of the Plan, including, but not limited to, the items specified
in Article II of the Plan, as the same may be allocated or delegated thereunder.
The Administrator shall act as the named Fiduciary responsible for communicating
with the Participant according to the Participant Direction Procedures. The
Trustee shall have the sole responsibility of management of the assets held
under the Trust, except to the extent directed pursuant to Article II or with
respect to those assets, the management of which has been assigned to an
Investment Manager, who shall be solely responsible for the management of the
assets assigned to it, all as specifically provided in the Plan. Each named
Fiduciary warrants that any directions given, information furnished, or action
taken by it shall be in accordance with the provisions of the Plan, authorizing
or providing for such direction, information or action. Furthermore, each named
Fiduciary may rely upon any such direction, information or action of another
named Fiduciary as being proper under the Plan, and is not required under the
Plan to inquire into the propriety of any such direction, information or action.
It is intended under the Plan that each named Fiduciary shall be responsible for
the proper exercise of its own powers, duties, responsibilities and obligations
under the Plan as specified or allocated herein. No named Fiduciary shall
guarantee the Trust Fund in any manner against investment loss or depreciation
in asset value. Any person or group may serve in more than one Fiduciary
capacity.

9.12 HEADINGS

          The headings and subheadings of this Plan have been inserted for
convenience of reference and are to be ignored in any construction of the
provisions hereof.

9.13 APPROVAL BY INTERNAL REVENUE SERVICE

          Notwithstanding anything herein to the contrary, if, pursuant to an
application for qualification filed by or on behalf of the Plan by the time
prescribed by law for filing the Employer's return for the taxable year in which
the Plan is adopted, or such later date that the Secretary of the Treasury may
prescribe, the Commissioner of Internal Revenue Service or the Commissioner's
delegate should determine that the Plan does not initially qualify as a
tax-exempt plan under Code Sections 401 and 501, and such determination is not
contested, or if contested, is finally upheld, then if the Plan is a new plan,
it shall be void ab initio and all amounts

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contributed to the Plan by the Employer, less expenses paid, shall be returned
within one (1) year and the Plan shall terminate, and the Trustee shall be
discharged from all further obligations. If the disqualification relates to an
amended plan, then the Plan shall operate as if it had not been amended.

9.14 UNIFORMITY

          All provisions of this Plan shall be interpreted and applied in a
uniform, nondiscriminatory manner. In the event of any conflict between the
terms of this Plan and any Contract purchased hereunder, the Plan provisions
shall control.

                                    ARTICLE X
                             PARTICIPATING EMPLOYERS

10.1 ADOPTION BY OTHER EMPLOYERS

          Notwithstanding anything herein to the contrary, with the consent of
the Employer and Trustee, any other corporation or entity, whether an affiliate
or subsidiary or not, may adopt this Plan and all of the provisions hereof, and
participate herein and be known as a Participating Employer, by a properly
executed document evidencing said intent and will of such Participating
Employer.

10.2 REQUIREMENTS OF PARTICIPATING EMPLOYERS

               (a) Each such Participating Employer shall be required to use the
          same Trustee as provided in this Plan.

               (b) The Trustee may, but shall not be required to, commingle,
          hold and invest as one Trust Fund all contributions made by
          Participating Employers, as well as all increments thereof.

               (c) Any expenses of the Plan which are to be paid by the Employer
          or borne by the Trust Fund shall be paid by each Participating
          Employer in the same proportion that the total amount standing to the
          credit of all Participants employed by such Employer bears to the
          total standing to the credit of all Participants.

10.3 DESIGNATION OF AGENT

          Each Participating Employer shall be deemed to be a party to this
Plan; provided, however, that with respect to all of its relations with the
Trustee and Administrator for the purpose of this Plan, each Participating
Employer shall be deemed to have designated irrevocably the Employer as its
agent. Unless the context of the Plan clearly indicates the contrary, the word
"Employer" shall be deemed to include each Participating Employer as related to
its adoption of the Plan.

10.4 EMPLOYEE TRANSFERS

          In the event an Employee is transferred between Participating
Employers, accumulated service and eligibility shall be carried with the
Employee involved. No such transfer shall effect a termination of employment
hereunder, and the Participating Employer to which the

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Employee is transferred shall thereupon become obligated hereunder with respect
to such Employee in the same manner as was the Participating Employer from whom
the Employee was transferred.

10.5 PARTICIPATING EMPLOYER CONTRIBUTION AND FORFEITURES

          Any contribution or Forfeiture subject to allocation during each Plan
Year shall be allocated only among those Participants of the Employer or
Participating Employers making the contribution or by which the forfeiting
Participant was employed. However, if the contribution is made, or the
forfeiting Participant was employed, by an Affiliated Employer, in which event
such contribution or Forfeiture shall be allocated among all Participants of all
Participating Employers who are Affiliated Employers in accordance with the
provisions of this Plan. On the basis of the information furnished by the
Administrator, the Trustee may keep separate books and records concerning the
affairs of each Participating Employer hereunder and as to the accounts and
credits of the Employees of each Participating Employer. The Trustee may, but
need not, register Contracts so as to evidence that a particular Participating
Employer is the interested Employer hereunder, but in the event of an Employee
transfer from one Participating Employer to another, the employing Participating
Employer shall immediately notify the Trustee thereof.

10.6 AMENDMENT

          Amendment of this Plan by the Employer at any time when there shall be
a Participating Employer hereunder shall only be by the written action of each
and every Participating Employer and with the consent of the Trustee where such
consent is necessary in accordance with the terms of this Plan.

10.7 DISCONTINUANCE OF PARTICIPATION

          Any Participating Employer shall be permitted to discontinue or revoke
its participation in the Plan at any time. At the time of any such
discontinuance or revocation, satisfactory evidence thereof and of any
applicable conditions imposed shall be delivered to the Trustee. The Trustee
shall thereafter transfer, deliver and assign Contracts and other Trust Fund
assets allocable to the Participants of such Participating Employer to such new
trustee as shall have been designated by such Participating Employer, in the
event that it has established a separate qualified retirement plan for its
employees provided, however, that no such transfer shall be made if the result
is the elimination or reduction of any "Section 411(d)(6) protected benefits" as
described in Section 7.1(c). If no successor is designated, the Trustee shall
retain such assets for the Employees of said Participating Employer pursuant to
the provisions of the Trust. In no such event shall any part of the corpus or
income of the Trust Fund as it relates to such Participating Employer be used
for or diverted for purposes other than for the exclusive benefit of the
Employees of such Participating Employer.

10.8 ADMINISTRATOR'S AUTHORITY

          The Administrator shall have authority to make any and all necessary
rules or regulations, binding upon all Participating Employers and all
Participants, to effectuate the purpose of this Article.

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          IN WITNESS WHEREOF, this Plan has been executed the day and year first
above written.

                                        Employer
                                        HAVERTY FURNITURE COMPANIES, INC.

Attested by: Jenny H. Parker            By: Allan J. DeNiro
             ------------------------       ------------------------------------
Title: Vice President, Secretary and    Title: Chief People Officer
       Treasurer

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