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Exhibit 4.3    
  

Main Street Bank 401(k) Profit Sharing Plan and Trust  

 (see attached)  

DATAIR MASS-SUBMITTER PROTOTYPE

DEFINED CONTRIBUTION PLAN AND TRUST  

 
 

DATAIR MASS-SUBMITTER PROTOTYPE
  DEFINED CONTRIBUTION PLAN AND TRUST    
  

 
  TABLE OF CONTENTS    
  

	ARTICLE
 
	 	DESCRIPTION
	 	PAGE

	 	 	PART I	 	 
	

I	
 	
INTRODUCTION	
 	
1
	

 	
 	

1.1.1	
 	

Creation and Title	
 	

1
	 	 	1.1.2	 	Effective Date	 	1
	 	 	1.1.3	 	Purpose	 	1
	

II	
 	
DEFINITIONS	
 	
1
	

 	
 	
PART II	
 	

 
	

I	
 	
PARTICIPATION	
 	
9
	 	 	2.1.1	 	Eligibility Requirements	 	9
	 	 	2.1.2	 	Commencement of Participation	 	9
	 	 	2.1.3	 	Participation Upon Re-Employment	 	9
	 	 	2.1.4	 	Termination of Participation	 	9
	 	 	2.1.5	 	Employer's Determination	 	9
	 	 	2.1.6	 	Omission of Eligible Employee	 	9
	 	 	2.1.7	 	Inclusion of Ineligible Participant	 	9
	 	 	2.1.8	 	Election Not to Participate	 	9
	 	 	2.1.9	 	Change in Status	 	10
	 	 	2.1.10	 	Existing Participants	 	10
	

II	
 	
CONTRIBUTIONS	
 	
12
	 	 	2.2.1	 	Employer Contributions	 	10
	 	 	2.2.2	 	Elective Contributions by the Employer on Behalf of Electing Employees	 	11
	 	 	2.2.3	 	Employee Contributions	 	12
	 	 	2.2.4	 	Return of Contributions	 	12
	

III	
 	
ALLOCATION	
 	
13
	 	 	2.3.1	 	Profit Sharing and Money Purchase Pension Plans	 	13
	 	 	2.3.2	 	Cash or Deferred Plans	 	13
	 	 	2.3.3	 	Integration with Social Security	 	13
	 	 	2.3.4	 	Limitation	 	14
	 	 	2.3.5	 	Minimum Allocation	 	14
	 	 	2.3.6	 	Fail-Safe Allocation	 	14
	

IV	
 	
BENEFITS	
 	
15
	 	 	2.4.1	 	Distributable Benefit	 	15
	 	 	2.4.2	 	Vesting	 	15
	 	 	2.4.3	 	Leave of Absence	 	16
	 	 	2.4.4	 	Re-Employment	 	16
	 	 	2.4.5	 	Distribution Date	 	16
	 	 	2.4.6	 	Forfeitures	 	16
	

V	
 	
DISTRIBUTIONS	
 	
17
	 	 	2.5.1	 	Commencement of Distribution	 	17
	 	 	2.5.2	 	Method of Distribution	 	21
	 	 	2.5.3	 	Nature of Distributions	 	26
	 	 	2.5.4	 	Advance Distributions	 	26
	 	 	2.5.5	 	Hardship Distributions	 	27
	 	 	2.5.6	 	In Service Distributions	 	28

	

VI	
 	
CONTINGENT TOP HEAVY PROVISIONS	
 	
29
	 	 	2.6.1	 	Top Heavy Requirements	 	29
	 	 	2.6.2	 	Top Heavy Provisions	 	30
	 	 	2.6.3	 	Pairing Requirements	 	32
	

VII	
 	
SPECIAL CODA LIMITATIONS	
 	
32
	 	 	2.7.1	 	Limitation on Deferral Percentage for Highly Compensated Employees	 	36
	 	 	2.7.2	 	Top Heavy Requirements	 	33
	 	 	2.7.3	 	Limitation on Matching Contributions	 	34
	 	 	2.7.4	 	Special Rules	 	34
	 	 	2.7.5	 	Distribution of Excess Elective Deferrals	 	35
	 	 	2.7.6	 	Distribution of Excess Contributions	 	35
	 	 	2.7.7	 	Distribution of Excess Aggregate Contributions	 	36
	 	 	2.7.8	 	Limitation on Distributions	 	36
	 	 	2.7.9	 	Limitation on Elective Deferrals	 	37
	

 	
 	
PART III	
 	

 
	

I	
 	
ACCOUNTING	
 	
37
	 	 	3.1.1	 	Accounts	 	37
	 	 	3.1.2	 	Adjustments	 	37
	

II	
 	
LIMITATIONS	
 	
39
	 	 	3.2.1	 	Limitations on Annual Additions	 	39
	 	 	3.2.2	 	Controlled Businesses	 	44
	

III	
 	
FIDUCIARIES	
 	
44
	 	 	3.3.1	 	Standard of Conduct	 	44
	 	 	3.3.2	 	Individual Fiduciaries	 	45
	 	 	3.3.3	 	Disqualification from Service	 	45
	 	 	3.3.4	 	Bonding	 	45
	 	 	3.3.5	 	Prior Acts	 	45
	 	 	3.3.6	 	Insurance and Indemnity	 	45
	 	 	3.3.7	 	Expenses	 	45
	 	 	3.3.8	 	Agents, Accountants and Legal Counsel	 	45
	 	 	3.3.9	 	Investment Manager	 	46
	 	 	3.3.10	 	Finality of Decisions or Acts	 	46
	 	 	3.3.11	 	Certain Custodial Accounts and Contracts	 	46
	

IV	
 	
PLAN ADMINISTRATOR	
 	
46
	 	 	3.4.1	 	Administration of Plan	 	46
	 	 	3.4.2	 	Disclosure Requirements	 	47
	 	 	3.4.3	 	Information Generally Available	 	47
	 	 	3.4.4	 	Statement of Accrued Benefit	 	47
	 	 	3.4.5	 	Explanation of Rollover Treatment	 	47
	

V	
 	
TRUSTEES	
 	
48
	 	 	3.5.1	 	Acceptance of Trust	 	48
	 	 	3.5.2	 	Trustee Capacity — Co-Trustee	 	48
	 	 	3.5.3	 	Resignation, Removal and Successors	 	48
	 	 	3.5.4	 	Consultations	 	48
	 	 	3.5.5	 	Rights, Powers and Duties	 	48
	 	 	3.5.6	 	Trustee Indemnification	 	50
	 	 	3.5.7	 	Changes in Trustee Authority	 	50

	

VI	
 	
TRUST ASSETS	
 	
50
	 	 	3.6.1	 	Trustee Exclusive Owner	 	50
	 	 	3.6.2	 	Investments	 	50
	 	 	3.6.3	 	Administration of Trust Assets	 	51
	 	 	3.6.4	 	Segregated Funds	 	52
	 	 	3.6.5	 	Investment Control Option	 	52
	

VII	
 	
LOANS	
 	
53
	 	 	3.7.1	 	Authorization	 	53
	 	 	3.7.2	 	Spousal Consent	 	54
	 	 	3.7.3	 	Limitations	 	54
	 	 	3.7.4	 	Availability	 	54
	 	 	3.7.5	 	Prohibitions	 	54
	

VIII	
 	
BENEFICIARIES	
 	
54
	 	 	3.8.1	 	Designation of Beneficiaries	 	54
	 	 	3.8.2	 	Absence or Death of Beneficiaries	 	55
	 	 	3.8.3	 	Surviving Spouse Election	 	55
	

IX	
 	
CLAIMS	
 	
55
	 	 	3.9.1	 	Claim Procedure	 	55
	 	 	3.9.2	 	Appeal	 	56
	

X	
 	
AMENDMENT AND TERMINATION	
 	
56
	 	 	3.10.1	 	Right to Amend	 	56
	 	 	3.10.2	 	Manner of Amending	 	56
	 	 	3.10.3	 	Limitations On Amendments	 	56
	 	 	3.10.4	 	Voluntary Termination	 	57
	 	 	3.10.5	 	Involuntary Termination	 	57
	 	 	3.10.6	 	Withdrawal By Employer	 	57
	 	 	3.10.7	 	Powers Pending Final Distribution	 	57
	 	 	3.10.8	 	Delegation to Sponsor	 	57
	

XI	
 	
PORTABILITY	
 	
58
	 	 	3.11.1	 	Continuance by Successor	 	58
	 	 	3.11.2	 	Merger With Other Plan	 	58
	 	 	3.11.3	 	Transfer From Other Plans	 	58
	 	 	3.11.4	 	Transfer to Other Plans	 	59

	

XII	
 	
MISCELLANEOUS	
 	
59
	 	 	3.12.1	 	No Reversion to Employer	 	59
	 	 	3.12.2	 	Employer Actions	 	59
	 	 	3.12.3	 	Execution of Receipts and Releases	 	59
	 	 	3.12.4	 	Rights of Participants Limited	 	59
	 	 	3.12.5	 	Persons Dealing With Trustee Protected	 	59
	 	 	3.12.6	 	Protection of Insurer	 	59
	 	 	3.12.7	 	No Responsibility for Act of Insurer	 	60
	 	 	3.12.8	 	Inalienability	 	60
	 	 	3.12.9	 	Domestic Relations Orders	 	60
	 	 	3.12.10	 	Authorization to Withhold Taxes	 	61
	 	 	3.12.11	 	Missing Persons	 	61
	 	 	3.12.12	 	Notices	 	62
	 	 	3.12.13	 	Governing Law	 	62
	 	 	3.12.14	 	Severability of Provisions	 	62
	 	 	3.12.15	 	Gender and Number	 	62
	 	 	3.12.16	 	Binding Effect	 	62
	 	 	3.12.17	 	Qualification Under Internal Revenue Laws	 	62

  

 
 

PART I    
  

ARTICLE I  

 INTRODUCTION  

        1.1.1    Creation and Title.    The parties hereby create a Plan and Trust to be known by the
name set forth in the Adoption Agreement. 

        1.1.2    Effective Date.    The provisions of this Plan and Trust shall be effective as of the
Effective Date set forth in the Adoption Agreement. 

        1.1.3    Purpose.    This Plan and Trust is established for the purpose of providing
retirement benefits to eligible employees in accordance with the Plan and the Adoption Agreement. If the Employer designates the Plan as a Cash or Deferred Profit Sharing Plan in the Adoption
Agreement, the Plan is also intended to enable eligible Employees to supplement their retirement by electing to have the Employer contribute amounts to the Plan and Trust in lieu of payments to such
Employees in cash and the Plan and Trust are intended to satisfy the provisions of Section 401 (k) of the Internal Revenue Code of 1986, as amended. 

ARTICLE II  

 DEFINITIONS  

As
used in this Plan and the Adoption Agreement, the following terms shall have the following meanings: 

        1.2.1    "Account":    The Employer Account, Controlled Account, Elective Contribution
Account, Matching Account, Qualified Non-Elective Contribution Account, Voluntary Account or Segregated Account of a Participant, as the context requires, established and maintained for
accounting purposes. 

        1.2.2    "ACP":    The average contribution percentage determined in accordance with the
provisions of Part 11, Article VII. 

        1.2.3    "Act":    The Employee Retirement Income Security Act of 1974, as amended from time
to time. 

        1.2.4    "ADP":    The actual deferral percentage determined in accordance with the provisions
of Part 11, Article VII. 

        1.2.5    "Anniversary Date":    Unless otherwise specified in the Adoption Agreement, the last
day of each Plan Year. 

        1.2.6    "Beneficiary":    The person or persons entitled hereunder to receive the benefits
which may be payable upon or after a Participant's death. 

        1.2.7    "Board of Directors":    The board of directors of an Incorporated Employer. 

        1.2.8    "Break In Service":    The failure of a Participant to complete more than five
hundred (500) Hours of Service or such lesser number specified in the Adoption Agreement during any 12 consecutive month computation period, beginning with a Participant's first computation
period after becoming a Participant. A Year of Service and a Break in Service for vesting purposes shall be measured on the
same computation period. The Eligibility Computation Period and a Break in Service for eligibility purposes shall be measured on the same computation period. 

        1.2.9    "Code":    The Internal Revenue Code of 1986, as amended from time to time. 

        1.2.10    "Compensation":    The compensation as defined in the Plan and as specified in the
Adoption Agreement (or Earned Income in the case of a self-employed individual) which is actually 

1

 

paid to the Participant by the Employer during the Compensation Computation Period; provided that if specified by the Employer in the Adoption Agreement, compensation shall also include any amount
which is contributed by the Employer pursuant to a salary reduction agreement and which is not includible in the gross income of the Employee under Sections 125, 402(a)(8), 402(h), 403(b) or 457(b) of
the Code; provided further that for years beginning after December 31, 1988, the annual gross compensation taken into account for purposes of the Plan shall not exceed $200,000, as such amount
may be adjusted by the Secretary of the Treasury at the same time and in the same manner as under Section 415(d) of the Code, except that the dollar increase in effect on January 1 of
any calendar year is effective for years beginning in such calendar year and the first adjustment to the $200,000 limitation is effected on January 1, 1990. If the plan determines compensation
on a period of time that contains less than twelve (12) calendar months, then the annual compensation limit is an amount equal to the annual compensation limit for the calendar year in which
the compensation period begins multiplied by the ratio obtained by dividing the number of full months in the period by 12. For purposes of this dollar limitation, the rules of Section 414(q)(6)
of the Code requiring the aggregation of the compensation of family members shall apply, except that in applying such rules, the term "family" shall include only the spouse of the Participant and any
lineal descendants of the Participant who have not attained age nineteen (19) before the close of the year. 

If,
as a result of the application of such rules the adjusted $200,000 limitation is exceeded, then (except for purposes of determining the portion of compensation up to the Social Security
Integration Level if this Plan provides for permitted disparity), the limitation shall be prorated among the affected individuals in proportion to each such individual's compensation as determined
under this Section prior to the application of this limitation. If compensation for any prior plan year is taken into account in determining an employee's contributions or benefits for the current
year, the compensation for such prior year is subject to the applicable annual compensation limit in effect for that prior year. For this purpose, for years beginning before January 1, 1990,
the applicable annual compensation limit is $200,000. 

        1.2.11    "Compensation Computation Period":    The period specified as the Compensation
Computation Period in the Adoption Agreement. 

        1.2.12    "Controlled Account":    An account established and maintained for a Participant to
account for his interest in a Segregated Fund over which he exercises investment control. 

        1.2.13    "Date of Hire":    The date an Employee first completes an Hour of Service for the
Employer. 

        1.2.14    "Distributable Benefit":    The benefit to which a Participant is entitled following
termination of his employment. 

        1.2.15    "Distribution Date":    The date as of which the Distributable Benefit of a
Participant is determined. 

        1.2.16    "Early Retirement Age":    The age specified as the Early Retirement Age, if any, in
the Adoption Agreement. 

        1.2.17    "Early Retirement Date":    The date specified as the Early Retirement Date, if any,
in the Adoption Agreement. 

        1.2.18    "Earned Income":    The net earnings from self-employment in the trade
or business with respect to which the Plan is established for which personal services of the Participant are a material income-producing factor. Net earnings shall be determined without regard to
items not included in gross income and the deductions allocable to such items but, in the case of taxable years beginning after 1989, with regard to the deduction allowed to the taxpayer by
Section 164(f) of the Code. Not 

2

 

earnings shall be reduced by contributions to a qualified plan to the extent deductible under Section 404 of the Code. 

        1.2.19    "Elective Contribution Account":    An Account established and maintained for a
Participant to account for the Elective Contributions made on his behalf. 

        1.2.20    "Elective Contribution":    A contribution to a cash or deferred profit sharing plan
by the Employer on behalf of an electing Employee. 

        1.2.21    "Elective Deferrals":    Any Employer contributions made to the Plan at the election
of the Participant, in lieu of cash compensation, including contributions made pursuant to a salary reduction agreement or other deferral mechanism. With respect to any taxable year, a Participant's
Elective Deferral is the sum of all Employer contributions made on behalf of the Participant pursuant to an election to defer under any qualified CODA as described in Section 401(k) of the
Code, any simplified employee pension cash or deferred arrangement as described in Section 402(h)(1)(B), any eligible
deferred compensation plan under Section 457, any plan as described under Section 501 (c)(18), and any employer contributions made on the behalf of a participant for the purchase of an
annuity contract under Section 403(b) pursuant to a salary reduction agreement. Elective Deferrals shall not include any deferrals properly distributed as excess annual additions. 

        1.2.22    "Eligibility Computation Period":    For purposes of determining Years of Service
and Breaks in Service for purposes of eligibility, the initial eligibility computation period is the twelve (12) consecutive month period beginning with the employment commencement date on
which the Employee first renders an Hour of Service for the Employer, and unless otherwise specified in the Adoption Agreement, the subsequent eligibility computation periods are each subsequent
twelve (12) consecutive month period commencing on the annual anniversary of such employment commencement date. If in accordance with the election in the Adoption Agreement, the subsequent
periods commence with the first Plan Year which commences prior to the first anniversary of the Employee's employment commencement date, an Employee who is credited with 1,000 Hours of Service in both
the initial eligibility computation period and the first Plan Year which commences prior to the first anniversary of the Employee's initial eligibility computation period shall be credited with two
(2) years of service for purposes of eligibility to participate. 

        1.2.23    "Employee":    A person who is currently or hereafter employed by the Employer, or
by any other employer aggregated under section 414(b), (c), (m) or (o) of the Code and the regulations thereunder, including a Leased Employee subject to section 414(n) of
the Code and a self-employed owner of an unincorporated Employer, but, unless otherwise provided in the Adoption Agreement, excluding (a) an independent contractor; (b) an
employee who is a non-resident alien (within the meaning of section 7701 (b)(1)(B) of the Code) deriving no earned income (within the meaning of section 911 (d)(2) of the
Code) from the Employer which constitutes income from sources within the United States (within the meaning of section 861 (a)(3) of the Code); and (c) employees who are included in the
unit of employees covered by a collective bargaining agreement between the Employer and employee representatives, provided benefits were the subject of good faith bargaining and two percent or less of
the employees of the Employer who are covered pursuant to that agreement are professionals as defined in Treasury Regulation Section 1.410(b)-9(g). For this purpose, the term
"employee representatives" does not include any organization more than half of whose members are employees who are owners, officers, or executives of the employer. 

        1.2.24    "Employer":    The Employer that is a party to this Plan, or any of its affiliates,
successors or assigns which adopt the Plan; provided, however, that no mere change in the identity, form or organization of the Employer shall affect its status under the Plan in any manner, and, if
the name of the Employer is hereafter changed, a corresponding change shall be deemed to have been made in the name of the Plan and references herein to the Employer shall be deemed to refer to the
Employer as it is then known. 

3

 

        1.2.25    "Employer Account":    An Account established and maintained for a Participant for
accounting purposes to which his share of Employer contributions and forfeitures are added. 

        1.2.26    "Employer Contribution":    A contribution to a money purchase pension plan or
profit sharing plan other than a cash or deferred profit sharing plan by the Employer. 

        1.2.27    "Entry Date":    The date or dates specified as the Entry Date in the Adoption
Agreement. 

        1.2.28    "Excess Aggregate Contributions":    With respect to any Plan Year, the excess of: 

        (a)  The aggregate contribution percentage amounts taken into account in computing the numerator of the contribution
percentage actually made on behalf of Highly Compensated Employees for such Plan Year, over 

        (b)  The maximum contribution percentage amounts permitted by the ACP test (determined by reducing contributions made on
behalf of Highly Compensated Employees in order of their contribution percentages beginning with the highest of such percentages).Such determination shall be made after first determining Excess
Elective Deferrals and then determining Excess Contributions. 

        1.2.29    "Excess Contributions":    With respect to any Plan Year, the excess of: 

        (a)  The aggregate amount of Employer Contributions actually taken into account in computing the ADP of Highly Compensated
Employees for such Plan Year, over 

        (b)  The maximum amount of such contributions permitted by the ADP test (determined by reducing contributions made on behalf
of Highly Compensated Employees in order of the ADPs, beginning with the highest of such percentages. 

        1.2.30    "Excess Elective Deferrals":    Those Elective Deferrals that are includible in a
Participant's gross income under section 402(g) of the Code to the extent such participant's Elective Deferrals for a taxable year exceed the dollar limitation under such Code section. Excess
Elective Deferrals shall be treated as annual additions under the Plan, unless such amounts are distributed no later than the first April 15 following the close of the Participant's taxable
year. 

        1.2.31    "Excessive Annual Addition":    The portion of the allocation of contributions and
forfeitures that cannot be added to a Participant's Accounts due to the limitations on annual additions contained in the Plan. 

        1.2.32    "Family":    The spouse and lineal ascendants or descendants of an Employee and the
spouses of such lineal ascendants and descendants. 

        1.2.33    "Fiduciary":    The Plan Administrator, the Trustee and any other person who has
discretionary authority or control in the management of the Plan or the disposition of Trust assets. 

        1.2.34    "Highly Compensated Employee":    A highly compensated active employee and a highly
compensated former employee. A highly compensated active employee includes: any Employee who performs service for the Employer during the determination year and who, during the look-back
year: (i) received compensation from the Employer in excess of $75,000 (as adjusted pursuant to Section 415(d) of the Code); (ii) received compensation from the Employer in excess
of $50,000 (as adjusted pursuant to Section 415(d) of the Code) and was a member of the top-paid group for such year; or (iii) was an officer of the Employer and received
compensation during such year that is greater than 50 percent of the dollar limitation as in effect under Section 415(b)(1)(A) of the Code. The term highly compensated employee also
includes: (1) employees who are both described in the preceding sentence if the term "determination year" is substituted for the term "look-back year" and the employee is one of the
100 employees who received the most compensation from the Employer during the determination year; and (ii) employees who are 5 percent owners at any time during the look-back
year or determination year. if no officer has satisfied the compensation requirement of (iii) above 

4

 

during either a determination year or look-back year, the highest paid officer for such year shall be treated as a highly compensated employee. 

        For
this purpose, the determination year shall be the Plan Year. The look-back year shall be the twelve-month period immediately preceding the determination year and
compensation is as defined in Section 415(c)(3) of the Code including amounts contributed by the Employer pursuant to a salary reduction agreement and which is not includible in gross income
under Sections 125, 402(a)(8), 402(h) or 403(b) of the Code. 

        A
highly compensated former employee includes any employee who separated from service (or was deemed to have separated) prior to the determination year, performs no service for the
employer during the determination year, and was a highly compensated active employee for either the separation year or any determination year ending on or after the employee's 55th birthday. 

        If
an Employee is, during a Plan Year or the preceding Plan Year, a family member of either a 5 percent owner who is an active or former employee or a Highly Compensated Employee
who is one of the 10 most highly compensated employees ranked on the basis of compensation paid by the Employer during such year, then the family member and the 5 percent owner or
top-ten highly compensated employee shall be aggregated. In such case, the family member and 5 percent owner or top-ten highly compensated employee shall be treated as a
single employee receiving compensation and plan contributions or benefits equal to the sum of such compensation and contributions or benefits of
the family member and 5 percent owner or top-ten highly compensated employee. For purposes of this section, family member includes the spouse, lineal ascendants and descendants of
the employee or former employee and the spouses of such lineal ascendants and descendants. 

        An
Employee is in the top-paid group of employees for any year if the Employee is in the group consisting of the top twenty (20%) percent of the employees when ranked on the
basis of compensation paid during such year. 

        For
purposes of determining whether an Employee is a highly compensated employee, Sections 414(b), (c), (m), (n) and (o) of the Code shall be applied. 

        The
determination of who is a highly compensated employee, including the determination of the number and identity of employees in the top-paid group, the top 100 employees,
the number of employees treated as officers and the compensation that is considered, will be made in accordance with Section 414(q) of the Code and the regulations thereunder. 

        1.2.35    "Hour of Service":    An hour for which (a) the Employee is paid, or entitled
to payment by the Employer for the performance of duties, (b) the Employee is paid or entitled to payment by the Employer during which no duties are performed (irrespective of whether the
employment relationship has terminated) due to vacation, holiday, illness, incapacity (including disability), layoff, jury duty, military duty or leave of absence, or (c) back pay, irrespective
of mitigation of damages, has been either awarded or agreed to by the Employer. Hours of Service shall be credited to the Employee under (a), above, for the period in which the duties are performed,
under (b), above, in the period in which the period during which no duties are performed occurs, beginning with the first Hour of Service to which the payment relates, and under (c), above, for the
period to which the award or agreement pertains rather than the period in which the award, agreement or payment is made; provided, however, that Hours of Service shall not be credited under both
(a) and (b), above, as the case may be, and under (c) above. Notwithstanding the preceding sentences, (i) no more than five hundred one (501) Hours of Service shall be
credited under (b), above, 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) no
Hours of Service shall be credited to the Employee by reason of a payment 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) no Hours of 

5

 

Service shall be credited by reason of a payment which solely reimburses an employee for medical or medically related expenses incurred by the Employee. The determination of Hours of Service for
reasons other than the performance of duties and the crediting of Hours of Service to computation periods shall be made in accord with the provisions of Labor Regulation Sections
2530.200b-2(b) and (c) which are incorporated herein by reference. 

        Solely
for the purposes of determining whether an Employee has incurred a Break in Service, an Employee shall be credited with the number of Hours of Service which would otherwise have
been
credited to such individual but for the absence or in any case in which such Hours cannot be determined with eight (8) Hours of Service for any day that the Employee is absent from work by
reason of the Employee's pregnancy, the birth of a child of the Employee, the placement of a child with the Employee in connection with the adoption of such child by the Employee or for purposes of
caring for such child for a period beginning immediately following such birth or placement. Such Hours of Service shall be credited only in the computation period in which the absence from work begins
if the Employee would be prevented from incurring a Break in Service in such computation period solely because credit is given for such period of absence and, in any other case, in the immediately
following computation period. 

Notwithstanding
the foregoing, no credit shall be given for such service unless the Employee furnishes to the Plan Administrator information to establish that the absence from work is for the reasons
indicated and the number of days for which there was such an absence. 

In
the event the Employer does not maintain records of the actual hours for which an Employee is paid or entitled to payment, credit for service shall be given in accordance with the method selected
in the Adoption Agreement. 

Service
with another business entity that is, along with the Employer, a member of a controlled group of corporations under Section 414(b) of the Code, an affiliated service group under
Section 414(m) of the Code or trades or businesses under common control under Section 414(c) of the Code, or which is otherwise required to be aggregated with the Employer pursuant to
Section 414(o) of the Code and the regulations issued thereunder shall be treated as service for the Employer. Hours of Service shall be credited for any individual considered an employee for
purposes of this Plan under Section 414(n) or Section 414(o) of the Code and the regulations issued thereunder. 

If
the Employer maintains the plan of a predecessor employer, service with such predecessor shall be treated as service for the Employer. 

        1.2.36    "Insurer":    Any insurance company which has issued a Life Insurance Policy, 

        1.2.37    "Joint and Survivor Annuity":    An immediate annuity for the life of the
Participant with a survivor annuity for the life of the spouse which is not less than fifty (50%) percent and not more than one hundred (100%) percent of the amount of the annuity which is payable
during the joint lives of the Participant and the spouse and which is the amount of benefit which can be purchased with the Participant's vested Account balances. The percentage of the survivor
annuity shall be fifty (50%) percent unless a different percentage is elected by the Employer in the Adoption Agreement. 

        1.2.38    "Leased Employee":    Any person (other than an employee of the recipient) who
pursuant to an agreement between the recipient and any other person has performed services for the recipient (or for
the recipient and related persons determined in accordance with Section 414(n)(6) of the Code) on a substantially full time basis for a period of at least one (1) year and such services
are of a type historically performed by employees in the business field of the recipient employer; provided that any such person shall not be taken into account if (a) such person is covered by
a money purchase pension plan providing (i) a nonintegrated employer contribution rate of at least ten (10%) percent of compensation, as defined in Section 415(c)(3) of the Code and
Section 3.2.1(h)(iii) of the Plan, but including amounts contributed by the employer pursuant to a salary reduction agreement which are 

6

 

excludable from the person's gross income under Sections 125, 402(a)(8), 402(h) or 403(b) of the Code; (ii) immediate participation; and (iii) full and immediate vesting; and (b) leased
employees do not constitute more than twenty (20%) percent of the workforce of the recipient who are not Highly Compensated Employees. 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. 

        1.2.39    "Life Insurance Policy":    A life insurance, annuity or endowment policy or
contract which is owned by the Trust and is on the life of a Participant. 

        1.2.40    "Limitation Year":    Unless otherwise specified in the Adoption Agreement, the Plan
Year; provided that all qualified plans maintained by the Employer use the same Limitation Year. 

        1.2.41    "Mass Submitter":    DATAIR Employee Benefits Systems Inc. 

        1.2.42    "Matching Account":    An Account established and maintained for a Participant for
accounting purposes to which his share of Matching Contributions are added. 

        1.2.43    "Matching Contribution":    A contribution to the Plan by the Employer which matches
in whole or in part an Elective Contribution on behalf of an electing Employee. 

        1.2.44    "Non-Elective Contribution":    A contribution to a cash or deferred
profit sharing plan by the Employer which is neither a Qualified Non-Elective Contribution, a Matching Contribution nor an Elective Contribution. 

        1.2.45    "Normal Retirement Age":    The earlier of the date specified as the Normal
Retirement Age in the Adoption Agreement or the mandatory retirement age enforced by the Employer. 

        1.2.46    "Normal Retirement Date":    The date specified in the Adoption Agreement as the
Normal Retirement Date. 

        1.2.47    "Owner-Employee":    An individual who is a sole proprietor or who is a partner
owning more than ten percent (10%) of either the capital or profits interest of the partnership. 

        1.2.48    "Participant":    Any eligible Employee who becomes entitled to participate in the
Plan. 

        1.2.49    "Plan":    The defined contribution plan for Employees as set forth in this
Agreement and the Adoption Agreement, together with any amendments or supplements thereto. 

        1.2.50    "Plan Administrator":    The person, persons or entity appointed by the Employer to
administer the Plan, or, if the Employer fails to make such appointment, the Employer. 

        1.2.51    "Plan Sponsor":    The Plan Sponsor specified in the Adoption Agreement. 

        1.2.52    "Plan Year" or "Year":    The 12 consecutive month period designated by the Employer
in the Adoption Agreement. 

        1.2.53    "Preretirement Survivor Annuity":    A survivor annuity for the life of the
surviving spouse of the Participant, the actuarial equivalent of which is equal to the portion of the Account balance of the Participant as of the date of death to which the Participant had a vested
and nonforfeitable right, provided that any security interest held by the Plan by reason of a loan outstanding to the Participant for which a valid spousal consent has been obtained, if necessary,
shall be taken into account. 

        1.2.54    "Qualified Non-Elective Contribution":    A contribution to a cash or
deferred profit sharing plan by the Employer which is neither a Matching Contribution nor an Elective Contribution, is one hundred percent (100%) vested and nonforfeitable when made, which a
Participant may not elect to have paid in cash instead of being contributed to the Plan and which may not be distributed from the Plan (except in the case of a hardship distribution) prior to the
termination of employment or death of 

7

 

the Participant, attainment of age 591/2 by the Participant or termination of the Plan without establishment of a successor plan. 

        1.2.55    "Qualified Non-Elective Contribution Account":    An Account established
and maintained for a Participant to account for the Qualified Non-Elective Contributions made on his behalf. 

        1.2.56    "Qualifying Employer Securities or Real Property":    Securities or real property of
the Employer which the Trustee may acquire and hold pursuant to the applicable provisions of the Code and the Act. 

        1.2.57    "Segregated Account":    An Account established and maintained for a Participant to
account for his interest in a Segregated Fund. 

        1.2.58    "Segregated Fund":    Assets held in the name of the Trustee which have been
segregated from the Trust Fund in accordance with any of the provisions of the Plan. 

        1.2.59    "Self-Employed Individual":    An individual who has Earned Income for
the taxable year from the trade or business for which the Plan is established or who would have had Earned Income but for the fact that the trade or business had no net profits for the taxable year. 

        1.2.60    "Social Security Integration Level":    The Social Security Integration Level shall
be equal to the taxable wage base or such lesser amount specified in the Adoption Agreement. The "taxable wage base" is the contribution and benefit base in effect under Section 230 of the
Social Security Act on the first day of the Plan Year for which allocations of Employer contributions and forfeitures are made (referred to as the Social Security Wage Base). The Social Security
Integration Level shall be deemed to be the full amount of such Social Security Integration Level, even though a Participant's Compensation may include less than a full year's compensation because of
either his participation commencing after the first day of the Compensation Computation Period or his service terminating prior to the end of the Compensation Computation Period. 

        1.2.61    "Trust Fund":    All money and property of every kind and character held by the
Trustee pursuant to the Plan, excluding assets held in Segregated Funds. 

        1.2.62    "Trustee":    The persons, corporations, associations or combination of them who
shall at the time be acting as such from time to time hereunder. 

        1.2.63    "Valuation Date":    The date or dates specified as the Valuation Date in the
Adoption Agreement. 

        1.2.64    "Voluntary Account":    An Account established and maintained for a Participant for
accounting purposes to which his voluntary Employee contributions made prior to Plan Years beginning after 1986 have been added. 

        1.2.65    "Year of Service":    The 12-consecutive month period (computation
period) specified in the Adoption Agreement during which an employee completes at least one thousand (1,000) Hours of Service or such lesser number specified in the Adoption Agreement. Unless
otherwise specified in the Adoption Agreement, all Years of Service shall be taken into account. 

8

 
 
 

PART II    
  

ARTICLE I  

 PARTICIPATION  

        2.1.1    Eligibility Requirements.    Each Employee shall be eligible to participate in this Plan and receive an
appropriate allocation of contributions upon satisfying the eligibility requirements set forth in the Adoption Agreement. 

        2.1.2    Commencement of Participation.    An eligible Employee shall become a Participant in
the Plan on the applicable Entry Date selected in the Adoption Agreement. 

        2.1.3    Participation Upon Re-Employment.    A Participant whose employment
terminates and who is subsequently re-employed shall re-enter the Plan as a Participant immediately on the date of his reemployment. In the event that an Employee completes the
eligibility requirements set forth in the Adoption Agreement, his employment terminates prior to becoming a Participant and he is subsequently re-employed, such Employee shall be deemed to
have met the eligibility requirements as of the date of his re-employment and shall become a Participant on the date of his re-employment; provided, however, that if he is
re-employed prior to the date he would have become a Participant if his
employment had not terminated, he shall become a Participant as of the date he would have become a Participant if his employment had not terminated. Any other Employee whose employment terminates and
who is subsequently reemployed shall become a Participant in accordance with the provisions of Sections 2.1.1 and 2.1.2. 

        2.1.4    Termination of Participation.    An Employee who has become a Participant shall
remain a Participant until the entire amount of his Distributable Benefit is distributed to him or his Beneficiary in the event of death. 

        2.1.5    Employer's Determination.    In the event any question shall arise as to the
eligibility of any person to become a Participant or the commencement of participation, the Employer shall determine such question and the Employer's decision shall be conclusive and binding, except
to the extent of a claimant's right to appeal the denial of a claim. 

        2.1.6    Omission of Eligible Employee.    If an Employee who should be included as a
Participant in the Plan is erroneously omitted and discovery of the omission is made after the contribution by the Employer is made and allocated, the Employer shall make an additional contribution on
behalf of the omitted Employee in the amount which the Employer would have contributed on his behalf had he not been omitted. 

        2.1.7    Inclusion of Ineligible Principles.    If any person is erroneously included as a
Participant in the Plan and discovery of the erroneous inclusion is made after the contribution by the Employer is made and allocated, the Employer may elect to treat the amount contributed on behalf
of the ineligible person plus any earnings thereon as a forfeiture for the Plan Year in which the discovery is made and apply such amount in the manner specified in the Adoption Agreement. 

        2.1.8    Election Not to Participate.    With respect only to nonstandardized plans and
notwithstanding anything contained in the Plan to the contrary, an Employee may elect with the approval of the Employer not to participate in the Plan if the election does not jeopardize the qualified
or tax-exempt status of the Plan under sections 401 (a) and 501 (a) of the Code, respectively. The Employee shall sign such documents as may be reasonably required by the
Employer to evidence the election. If it is subsequently determined that either the qualified or the tax-exempt status of the Plan has been jeopardized, the Employer may elect to treat
such Employee as having been erroneously omitted. An Employee may revoke the election only with respect to any subsequent Plan Year by written notice of revocation to the Employer prior to the end of
the Plan Year for which the revocation is effective. 

9

 

        2.1.9    Change in Status.    If any Participant continues in the employ of the Employer or an
affiliate for which service is required to be taken into account but ceases to be an Employee for any reason (such
as becoming covered by a collective bargaining agreement unless the collective bargaining agreement otherwise provides) the Participant shall continue to be a Participant until the entire amount of
his benefit is distributed but the individual shall be deemed not to have completed any "Years of Service" for purposes of Article V ("Benefits") during the period that the Participant is not
an Employee for such reason. Such Participant shall continue to receive credit for Years of Service completed during the period for purposes of determining his vested and nonforfeitable interest in
his Accounts. In the event that the individual subsequently again becomes a member of an eligible class of employees, the individual shall participate immediately upon the date of such change in
status. If such Participant incurs a Break in Service and is subsequently reemployed, eligibility to participate shall be determined in accordance with Section 2.1.3. In the event that an
individual who is not a member of an eligible class of employees becomes a member of an eligible class, the individual shall participate immediately if such individual has satisfied the eligibility
requirements and would have otherwise previously become a participant. 

        2.1.10    Existing Participants.    An Employee who, on the Effective Date, was a Participant
under the provisions of the Plan as in effect immediately prior to the Effective Date shall be a Participant on the Effective Date and the provisions of Sections 2.1.1 and 2.1.2 pertaining to
participation, shall not be applicable to such Employee. The rights of a Participant whose employment terminated prior to the Effective Date shall be determined under the provisions of the Plan as in
effect at the time of such termination. 

ARTICLE II  

 CONTRIBUTIONS  

        2.2.1    Employer Contributions.    

        (a)  Amount of Contribution.

        (1)  Money Purchase Pension Plan. The Employer shall contribute to the Trust Fund each Plan Year such amount, including any
forfeitures to be applied, set forth in the Adoption Agreement. 

        (2)  Profit Sharing Plan. The Employer shall contribute to the Trust Fund each Plan Year such amount as it may determine. 

        (3)  Cash or Deferred Profit Sharing Plan.

        (i)    Amount of Non-Elective Contribution. The Employer shall contribute to the Trust Fund each Plan Year such
amount as a Non-Elective Contribution as the Employer may determine. 

        (ii)  Amount of Matching Contribution. Subject to applicable limitations provided by the Plan, the Employer shall contribute
to the Trust Fund each Plan Year with respect to the amount of Elective Contributions on behalf of each electing Employee a Matching Contribution determined in the manner set forth in the Adoption
Agreement. 

        (iii) Amount of Qualified Non-Elective Contribution. The Employer shall contribute to the Trust Fund each Plan
Year such amount as a Qualified Non-Elective Contribution as the Employer may determine. In addition, in lieu of distributing Excess Contributions or Excess Aggregate Contributions as
provided in Article VII, below, and to the extent elected by the Employer in the Adoption Agreement, the Employer may make Qualified Non-Elective Contributions on behalf of
Employees who are not Highly Compensated Employees that are sufficient to satisfy either the ADP test or the ACP test, or both, pursuant to regulations under the Code. 

10

 

        (b)  Limitation. The contribution for any Plan Year by the Employer shall not exceed the maximum amount deductible from the
Employer's income for such Year for federal income tax purposes under the applicable sections of the Code. 

        (c)  Time of Contribution. All contributions by the Employer shall be delivered to the Trustee not later than the date fixed
by law for the filing of the Employer's federal income tax return for the Year for which such contribution is made (including any extensions of time granted by the Internal Revenue Service for filing
such return). 

        (d)  Determination of Amount to be Final. The determination by the Employer as to the amount to be contributed by the Employer
hereunder shall be in all respects final, binding, and conclusive on all persons or parties having or claiming any rights under this agreement or under the Plan and Trust created hereby. Under no
circumstances and in no event shall any Participant, Beneficiary, or other person or party have any right to examine the books or records of the Employer. 

        (e)  Rights of Trustee as to Contributions. The Trustee shall have no duty to report any contribution to be made or to
determine whether contributions delivered to the Trustee by the Employer comply with the provisions of this Agreement. The Trustee shall be accountable only for funds actually received by the Trustee. 

        2.2.2    Elective Contributions by the Employer on Behalf of Electing Employees.    

        (a)  Amount of Contribution. If the Plan is designated in the Adoption Agreement as a Cash or Deferred Profit Sharing Plan,
each Employee may elect to have the Employer contribute to the Trust on his behalf for any Plan Year during which he is a Participant such amounts expressed either in dollars or in whole percentages
of his Compensation as he may elect which would otherwise be payable by the Employer as Compensation (but not to exceed the dollar limitation provided by Section 402(g) of the Code as in effect
at the beginning of the taxable year); provided that the Employer may impose reasonable limitations in a uniform, nondiscriminatory manner on the amounts which may be so contributed in order to
satisfy applicable legal requirements and to assure the deductibility of amounts contributed by the Employer to the Plan and any other qualified plan of deferred compensation. 

        (b)  Election. The Plan Administrator shall determine the manner in which a Participant may elect to have Elective
Contributions made to the Plan on his behalf. The Plan Administrator shall establish reasonable periods during which the election may be made, modified or revoked. Unless the Plan Administrator
establishes another period during which the election may be made, modified or revoked, any such election may be made, modified or revoked during the first and last months of the Plan Year. An election
by an Employee may not be made retroactively and once made shall remain in effect until modified or terminated. 

        (c)  Payment of Contribution. Elective Contributions shall be remitted by the Employer within a reasonable period after such
amount would have otherwise been payable to the Participant. The Employer shall designate, in accordance with the Participant's election, the Plan Year to which any such contributions which are made
after the end of the Plan Year pertain. 

11

   
        (d)  Segregated Fund. Unless an Elective Contribution on behalf of a Participant is received by the Trustee within the time
prescribed by the Plan Administrator prior to a Valuation Date, the Plan Administrator shall direct the Trustee to establish a Segregated Fund with respect to such contribution. The funds contained in
such Segregated Fund shall be transferred to the Trust Fund in accordance with the instructions of the Plan Administrator and such transfer shall be deemed to have been made as of such next succeeding
Valuation Date. If an Elective Contribution on behalf of a Participant is received by the Trustee within the period prescribed by the Plan Administrator, such contribution shall be added to the Trust
Fund. Notwithstanding the foregoing, if the Trust Fund is invested in such a manner that the Plan Administrator can determine, with a reasonable degree of certainty, that portion of the adjustment to
fair market value which is attributable to Elective Contributions received by the Trustee other than within such period, then the Plan Administrator shall direct the Trustee shall add any such
Elective Contributions to the Trust Fund at the time the Trustee receives such Elective Contributions. 

        (e)  Hardship Distributions. An Employee may not have Elective Contributions made on his or her behalf for the taxable year
following the taxable year of a hardship distribution in excess of the applicable limit under Section 402(g) of the Code for such taxable year less the amount of the Employee's Elective
Deferrals for the taxable year of the hardship distribution. 

        2.2.3    Employee Contributions.    

        (a)    Amount of Contribution.    An Employee is neither required nor
permitted to contribute to the Plan for any Plan Year beginning after the Plan Year in which the prototype Plan is adopted by the Employer. Employee contributions for Plan Years beginning after 1986
shall be limited so as to meet the nondiscriminatory test of Section 401(m) of the Code. The Plan Administrator shall not accept deductible employee contributions which are made for a taxable
year beginning after December 31, 1986. Contributions made prior to that date will be maintained in a separate account which will be nonforfeitable at all times. The account will share in the
gains and losses of the trust in the same manner as provided in Section 3.1.2 of the Plan. No part of the deductible voluntary contribution account will be used to purchase life insurance. 

        (b)    Withdrawal of Contributions.    In accordance with the
provisions of the Plan as in effect prior to Plan Years beginning after 1986, all or any portion of an Employee's contributions may be withdrawn by giving to the Plan Administrator written notice of
any proposed withdrawal. The Plan Administrator may adopt such procedures with respect to such withdrawals as may be necessary or appropriate. At the Plan Administrator's direction, the Trustee shall
distribute any such withdrawal to the Participant in accordance with the procedures adopted by the Plan Administrator. Except in the case of the voluntary deductible contribution account, such
withdrawals shall not include any interest or other increment
earned on such contributions. No forfeitures shall occur as a result of withdrawal of an Employee's contributions. Notwithstanding the foregoing, a withdrawal of an Employee's contributions must be
consented to in writing by the Participant's spouse. 

        2.2.4    Return of Contributions.    Contributions by the Employer,
including Employer, Qualified Non-Elective, Non-Elective and Matching Contributions shall be returned to the Employer in the following instances; 

        (a)  if a contribution by the Employer, including an Employer, Qualified Non-Elective, Non-Elective or
Matching Contribution is made by the Employer by mistake of fact, then the contribution shall be returned within one year after its payment upon the Employer's written request. 

        (b)  If a contribution by the Employer, including an Employer, Qualified Non-Elective, Non-Elective or
Matching Contribution is conditioned on initial qualification of the Plan under the applicable sections of the Code, and the Commissioner of Internal Revenue determines that the Plan does not qualify,
then the contribution made incident to the initial qualification by the 

12

 

Employer shall be returned within one year after the date of denial of initial qualification of the Plan; provided that the application for initial qualification is made by the time prescribed by law
for filing the Employer's tax return for the taxable year in which the Plan is adopted, or such later date as the Secretary of the Treasury may prescribe. 

        (c)  Each contribution by the Employer, including an Employer, Qualified Non-Elective, Non-Elective
and Matching Contribution is conditioned upon the deductibility of the contribution under the applicable sections of the Code and to the extent of a disallowance of the deduction for part or all of
the contribution, the contribution shall be returned within one year after such disallowance upon the Employer's written request. 

ARTICLE III  

 ALLOCATIONS  

        2.3.1    Profit Sharing and Money Purchase Pension Plans.    As of
each Anniversary Date, the Employer Contributions made by the Employer with respect to the preceding Plan Year, and forfeitures shall be allocated among the Employer Accounts of Participants during
the Plan Year in the manner set forth in the Adoption Agreement; provided that if a Profit Sharing Plan is integrated with Social Security, Section 2.3.3 shall also apply. 

        2.3.2    Cash or Deferred Plans.    

        (a)    Non-Elective Contributions.    As of each
Anniversary Date, the Non-Elective Contributions made by the Employer with respect to the preceding Plan Year, and forfeitures, shall be allocated among the Employer Accounts of
Participants during the Plan Year in the manner specified in the Adoption Agreement; provided that if the Plan is integrated with Social Security, Section 2.3.3 shall also apply. 

        (b)    Matching Contributions.    Unless otherwise specified in the
Adoption Agreement, as of each Anniversary Date, the Matching Contribution made by the Employer with respect to the preceding Plan Year, and forfeitures, shall be allocated to the Matching Accounts of
Participants for whom Elective Contributions were made in the manner specified in the Adoption Agreement. 

        (c)    Elective Contributions.    The Elective Contributions by the
Employer on behalf of an electing Employee shall be allocated to the Elective Contribution Account of such electing Employee as of each Valuation Date of the Plan Year to which the Elective
Contribution pertains. 

        (d)    Qualified Non-Elective Contributions.    As of each
Anniversary Date, the Qualified Non-Elective Contributions made by the Employer with respect to the preceding Plan Year shall be allocated to the Qualified Non-Elective
Contribution Account of Participants during the Plan Year in the manner specified in the Adoption Agreement. 

        2.3.3    Integration with Social Security.    If the Employer has
elected in the Adoption Agreement that the Plan shall be integrated with Social Security, then the applicable contributions and forfeitures shall be allocated to Participants' accounts as follows
(provided that Steps One and Two, below, shall apply only in years in which the Plan is Top-Heavy): 

STEP ONE: Contributions and forfeitures shall be allocated to each Participant's account in the ratio that each Participant's Compensation bears to all
Participant's Compensation, but not in excess of 3% of each Participant's Compensation. 

STEP TWO: Any contributions and forfeitures remaining after the allocation in Step One will be allocated to each Participant's account in the ratio that
each Participant's Compensation for the Plan Year in excess of the Social Security Integration Level bears to the excess compensation of all Participants, but not in excess of 3%. 

13

 

STEP THREE: Any contributions and forfeitures remaining after the allocation in Step Two shall be allocated to each Participant's account in the ratio
that the sum of each Participant's Compensation and Compensation in excess of the Social Security integration Level bears to the sum of all Participants' Compensation and Compensation in excess of the
Social Security Integration Level, but not in excess of the maximum profit sharing disparity rate. 

STEP FOUR: Any remaining contributions and forfeitures shall be allocated to each Participant's account in the ratio that each Participant's
Compensation for the Plan Year bears to all Participants' Compensation for that year. 

        The
maximum profit sharing disparity rate is equal to the lesser of: 

	(a)
	5.7% (minus the percentage of Compensation allocated in Step One, if any); or,

	(b)
	5.4% (minus the percentage of Compensation allocated in Step One, if any) if the Social Security Integration Level (SSIL) is more than
80% but less than 100% of the taxable wage base under Section 230 of the Social Security Act at the beginning of the Plan Year (TWB); or 4.3% (minus the percentage of Compensation allocated in
Step One, if any) if the SSIL is greater than 20% of the TWB, but not more than 80% of the TWB, and greater than $10,000. 

        If
the Social Security Integration Level selected by the Employer in the Adoption Agreement is the taxable wage base under Section 230 of the Social Security in effect as of the
first day of the Plan Year, the applicable percentage shall be 5.7% (2.7% if the Plan is Top-Heavy). 

        2.3.4    Limitation.    The allocation of Employer contributions must
satisfy the requirements of Section 416 of the Code regardless of how the Adoption Agreement is completed. Elective Contributions and Matching Contributions allocated to key employees (as
defined in Section 416(i) of the Code) are taken into account for the purpose of determining the minimum contribution under Code Section 416. However, Elective Contributions and Matching
Contributions made on behalf of non-key employees (as defined in Code Section 416(i)) may not be taken into account for the purpose of satisfying the minimum contribution
requirement under Code Section 416. 

        2.3.5    Minimum Allocation.    In the event the Plan becomes a
Top-Heavy Plan during any Plan Year, the provisions of Section 2.6.1(a) shall apply. 

        2.3.6    Fail-Safe Allocation.    With respect only to
nonstandardized plans and notwithstanding any provision of the Plan or Adoption Agreement to the contrary, for Plan Years beginning after December 31, 1989, if the Plan would otherwise fail to
satisfy the requirements of Section 401(a)(26), 410(b)(1) or 410(b)(2)(A)(1) of the Code and the regulations thereunder because Employer contributions have not been allocated to a sufficient
number or percentage of Participants for the Plan Year, an additional contribution shall be made by the Employer and shall be allocated to the Employer Accounts of affected Participants subject to the
following provisions: 

        (a)  The Participants eligible to share in the allocation of the Employer's contribution shall be expanded to include the
minimum number of Participants who are not otherwise eligible to the extent necessary to satisfy the applicable test under the relevant Section of the Code. The specific Participant who shall become
eligible are those Participants who are actively employed on the last day of the Plan Year who have completed the greatest number of Hours of Service during the Plan Year. 

        (b)  If the applicable test is still not satisfied, the Participants eligible to share in the allocation shall be further
expanded to include the minimum number of Participants who are not employed on the last day of the Plan Year as are necessary to satisfy the applicable test. The specific Participants who shall become
eligible are those Participants who have completed the greatest number of Hours of Service during the Plan Year. 

14

 

        (c)  A Participant's accrued benefit shall not be reduced by any reallocation of amounts that have previously been allocated.
To the extent necessary, the Employer shall make an additional contribution equal to the amount such affected Participants would have received if they had originally shared in the allocations without
regard to the deductibility of the contribution. Any adjustment to the allocations pursuant to this paragraph shall be considered a retroactive amendment adopted by the last day of the Plan Year. 

ARTICLE IV  

 BENEFITS  

        2.4.1    Distributable Benefit.    At such time that the employment of
a Participant terminates for any reason, he or his Beneficiary shall be entitled to a benefit equal to the vested and nonforfeitable interest in his Accounts as of the Distribution Date. Such Accounts
shall include the allocable share of contributions
and forfeitures, if any, which may be allocated to said Accounts as of such Distribution Date and shall be determined after making the adjustments for which provision is made in the Plan. 

        2.4.2    Vesting.    A Participant shall at all times be one hundred
percent (100%) vested and have a nonforfeitable interest in his Elective Contribution Account, Qualified Non-Elective Contribution Account, Voluntary Account and Segregated Account. The
vested and nonforfeitable interest of the Participant in his Controlled Account shall be determined by reference to the Account from which the funds were originally transferred. The vested and
nonforfeitable interest in a Participant's Employer Account and Matching Account shall be determined as hereinafter provided. 

        (a)    Normal Retirement.    If a Participant terminates employment at
his Normal Retirement Age, he shall be one hundred percent (100%) vested and have a nonforfeitable interest in his Employer Account and Matching Account. 

        (b)    Deferred Retirement.    If a Participant continues in active
employment following his Normal Retirement Age, he shall continue to participate under the Plan. From and after his Normal Retirement Age, he shall be one hundred percent (100%) vested and have a
nonforfeitable interest in his Employer Account and Matching Account. 

        (c)    Disability.    If the employment of a Participant is terminated
prior to his Normal Retirement Age as a result of a medically determinable physical or mental impairment which may be expected to result in death or to last for a continuous period of not less than
twelve (12) months and which renders him incapable of performing his duties, he shall be one hundred percent (100%) vested and have a nonforfeitable interest in his Employer Account and
Matching Account. All determinations in connection with the permanence and degree of such disability shall be made by the Plan Administrator in a uniform, nondiscriminatory manner on the basis of
medical evidence. 

        (d)    Death.    In the event of the death of a Participant, he shall
be one hundred percent (100%) vested and have a nonforfeitable interest in his Employer Account and Matching Account. 

        (e)    Termination of Plan.    In the event of termination of the Plan
(including termination resulting from a complete discontinuance of contributions by the Employer), each Participant shall be one hundred percent (100%) vested and have a nonforfeitable interest in his
Employer Account and Matching Account. In the event of a partial termination of the Plan, each Participant with respect to whom such partial termination has occurred shall be one hundred percent
(100%) vested and have a nonforfeitable interest in his Employer Account and Matching Account. 

        (f)    Early Retirement, Resignation or Discharge.    If the
employment of a Participant terminates by reason of early retirement, resignation or discharge prior to his Normal Retirement Age, he shall be vested and have a nonforfeitable interest in a percentage
of his Employer 

15

 

Account and Matching Account determined by, except as provided below, taking into account all of his Years of Service as of such termination date in accordance with the schedule set forth in the
Adoption Agreement. 

        2.4.3    Leave of Absence.    A temporary cessation from active
employment with the Employer pursuant to an authorized leave of absence in accordance with the nondiscriminatory policy of the Employer, whether occasioned by illness, military service or any other
reason shall not be treated as either a termination of employment or a Break in Service provided that the Employee returns to employment prior to the end of the authorized leave of absence. 

        2.4.4    Re-Employment.    Unless otherwise elected by the
Employer in the Adoption Agreement, in the case of a Participant who has five (5) or more consecutive Breaks in Service, all Years of Service after such Breaks in Service shall be disregarded
for the purposes of vesting the employer-derived account balance that accrued before such breaks, but both pre-break and post-break service shall count for the purposes of
vesting the employer-derived account balance that accrues after such breaks. Both accounts shall share in the earnings and losses of the Trust Fund. In the case of a Participant who does not have five
(5) consecutive Breaks in Service, both the pre-break and post-break service shall count in vesting both the pre-break and post-break
employer-derived account balance. 

        2.4.5    Distribution Date.    The Distribution Date shall be
determined as hereinafter provided. 

        (a)    General.    For purposes of determining the amount to be
distributed, the Distribution Date shall be determined in the manner specified in the Adoption Agreement. 

        (b)    Termination of Plan.    In the event of termination of the Plan
(including termination resulting from a complete discontinuance of contributions by the Employer), the Distribution Date shall be the date of such termination. In the event of a partial termination of
the Plan, as to each Participant with respect to whom such partial termination has occurred, the Distribution Date shall be the Anniversary Date coinciding with or immediately following the date of
such partial termination. 

        (c)    Distributions following Distribution Date.    Subject to the
necessity, if any, of obtaining the consent of a Participant and spouse, distribution of a Participant's Distributable Benefit shall commence within a reasonable period after the Distribution Date,
unless otherwise elected by the Participant in accordance with the provisions of the Plan or as required by the provisions of the Plan. 

        2.4.6    Forfeitures.    If an Employee terminates service, and the
value of the Employee's vested account balance derived from employer and employee contributions is not greater than $3,500 and the
Employee receives a distribution of the value of the entire vested portion of such account balance, the nonvested portion shall be treated as a forfeiture as of the last day of the Plan Year in which
the Participant's entire vested interest is distributed from the Plan. If the value of an Employee's vested account balance is zero, the Employee shall be deemed to have received a distribution of
such vested account balance. A participant's vested account balance shall not include accumulated deductible employee contributions within the meaning of Section 72(o)(5)(B) of the Code for
plan years beginning prior to January 1, 1989. 

Unless
otherwise elected in the Adoption Agreement, if an Employee terminates service, and elects, in accordance with the provisions of the Plan, to receive the value of the employee's vested account
balance, the nonvested portion shall be treated as a forfeiture. If the Employee elects to have distributed less than the entire vested portion of the account balance derived from employer
contributions, the part of the nonvested portion that will be treated as a forfeiture is the total nonvested portion multiplied by a fraction, the numerator of which is the amount of the distribution
attributable to employer contributions and the denominator of which is the total value of the vested employer derived account balance. 

16

 

If
an Employee receives a distribution and the Employee resumes employment covered under the Plan, the Employee's employer-derived account balance shall be restored to the amount on the date of
distribution if the Employee repays to the Plan the full amount of the distribution attributable to Employer contributions before the earlier of five (5) years after the first date on which the
Participant is subsequently re-employed by the Employer, or the date the Participant incurs five (5) consecutive Breaks in Service following the date of the distribution. If an
Employee is deemed to receive a distribution pursuant to this section, and the Employee resumes employment covered under the Plan before the date the Participant incurs five (5) consecutive
Breaks in Service, upon the reemployment of such Employee, the employer-derived account balance of the Employee will be restored to the amount on the date of such deemed distribution. 

Unless
otherwise elected in the Adoption Agreement, such forfeiture shall be allocated in the same manner as a contribution by the Employer for the Year in which said forfeiture occurred.
Notwithstanding any provision herein to the contrary, forfeitures resulting from contributions by an Employer shall not be reallocated for the benefit of another adopting Employer. 

If
a Participant is re-employed following a Break in Service and is entitled to restoration of any amount of his Accounts which was forfeited as a result of such Break in Service, such
amount shall be restored in the manner specified in the Adoption Agreement. 

ARTICLE V  

 DISTRIBUTIONS  

        2.5.1    Commencement of Distribution.    

        (a)    Immediate Distribution.    A Participant whose employment is
terminated for any reason, other than resignation or discharge prior to his Early Retirement Date or his Normal Retirement Date, may elect upon his termination of employment to begin distribution of
his Distributable Benefit within a reasonable period after the Distribution Date as of which his Distributable Benefit is determined, or as of the date determined under subsection (b), below, if that
date is earlier. If a Participant does not so elect, distribution of the Participant's Distributable Benefit shall in no event begin later than the date determined under subsection (b), below. 

        (b)    Deferred Distribution.    Except in the case of amounts subject
to Section 2.5.2(h) for which a Participant's consent is not required, unless the Employer elects in the Adoption Agreement to permit the Employee to elect earlier commencement and the Employee
so elects or the Employee elects to further defer distribution, if the employment of a Participant is terminated by reason of resignation or discharge prior to either his Early Retirement Date or his
Normal Retirement Date, distribution of his Distributable Benefit shall be deferred and commenced on the sixtieth (60th) day after the close of the later of the following Plan Years: 

          (i)  The Plan Year during which the Participant attains the earlier of age sixty-five (65) or the Normal
Retirement Age; 

        (ii)  The Plan Year during which the tenth (10th) anniversary of the commencement of the Participant's participation in
the Plan occurs; or 

      (iii) The Plan Year during which the Participant terminates service with the Employer. 

If,
however, the Employer selects an Early Retirement Date in the Adoption Agreement, a Participant who terminates employment before satisfying the age requirement for early retirement but has
satisfied any service requirement shall be entitled to a distribution of his Distributable Benefit in accordance with subsection (a) above upon attaining such age. If distribution is so
deferred, unless otherwise determined by the Plan Administrator, the Trustee at the Plan Administrator's direction shall transfer the Distributable Benefit to a Segregated Fund from which 

17

 

distribution shall thereafter be made. Such transfer shall be made as of the Distribution Date. Notwithstanding the foregoing, the failure of a Participant and spouse to consent to a distribution
while a benefit is immediately distributable, within the meaning of Section 2.5.2(j), shall be deemed to be an election to defer commencement of payment of any benefit sufficient to satisfy
this section. 

        (c)    Required Distribution.    Notwithstanding anything herein to
the contrary, unless the Participant has made an appropriate election by December 31, 1983 to defer distribution which has not been revoked or modified, the Participant's benefit shall be
distributed to the Participant not later than April 1 of the calendar year following the calendar year in which he attains age 701/2 (the required beginning date) or shall be
distributed, commencing not later than April 1 of such calendar year in accordance with regulations prescribed by the Secretary of the Treasury over a period not extending beyond the life
expectancy of the Participant or the life expectancy of the Participant and a beneficiary designated by the Participant. The amount required to be distributed for each calendar year, beginning with
distributions for the first distribution calendar year, must at least equal the quotient obtained by dividing the Participant's benefit by the applicable life expectancy. Unless otherwise elected by
the Participant (or spouse, if distributions begin after death and the spouse is the designated beneficiary) by the time distributions are required to begin, the life expectancy of the Participant and
the Participant's spouse shall be recalculated annually. 

Other
than for a life annuity, such election shall be irrevocable as to the Participant or spouse and shall apply to all subsequent years. The life expectancy of a non-spouse beneficiary
may not be recalculated. Life expectancy and joint and last survivor expectancy shall be computed by use of the expected return multiples in Tables V and VI of Section 1.72-9 of the
Treasury Regulations. For calendar years beginning after December 31, 1988, the amount to be distributed each year, beginning with distributions for the first distribution calendar year shall
not be less than the quotient obtained by dividing the Participant's benefit by the lesser of (1) the applicable life expectancy or (2) if the Participant's spouse is not the designated
beneficiary, the applicable divisor then determined from the table set forth in Q&A-4 of Section 1.401(a)(9)-2 of the proposed regulations. Distributions after the death
of the Participant shall be distributed using the applicable life expectancy as the relevant divisor without regard to Proposed Regulations Section 1.401(a)(9)-2. The minimum
distribution for subsequent calendar years, including the minimum distribution for the distribution calendar year in which the Participant's required beginning date occurs, must be made on or before
December 31 of that distribution calendar year. 

        (d)    Distribution After Death.    Unless the Participant has made an
appropriate election by December 31, 1983 to extend the period of distribution after his death and the election has not been revoked or modified, the following provisions shall apply. If
distribution of the Participant's benefit has begun and the Participant dies before his entire benefit has been distributed to him, the remaining portion of such benefit shall be distributed at least
as rapidly as under the method of distribution being used as of the date of the Participant's death. 

If
the Participant dies before the distribution of his benefit has begun, the entire interest of the Participant shall be distributed by December 31 of the calendar year containing the fifth
(5th) anniversary of the death of such Participant, provided that if any portion of the Participant's benefit is
payable to or for the benefit of a designated beneficiary and such portion is to be distributed in accordance with regulations issued by the Secretary of the Treasury over the life of, or over a
period not extending beyond the life expectancy of such designated beneficiary, such distributions shall begin not later than December 31 of the calendar year immediately following the calendar
year of the Participant's death or such later date as may be provided by regulations issued by the Secretary of the Treasury. If the designated beneficiary is the surviving spouse of the Participant
the date on which the distributions are required to begin shall not be earlier than the later of December 31 of the calendar year immediately following the calendar year in which the 

18

 

Participant had died and December 31 of the calendar year in which the Participant would have attained age 701/2. If the surviving spouse thereafter dies before the
distributions to such spouse begin and any benefit is payable to a contingent beneficiary, the date on which distributions are required to begin shall be determined as if the surviving spouse were the
Participant. 

If
the Participant has not specified the manner in which benefits are payable by the time of his or her death, the Participant's designated beneficiary must elect the method of distribution no later
than the earlier of (1) December 31 of the calendar year in which distributions would be required to begin under this section, or (2) December 31 of the calendar year which
contains the fifth anniversary of the date of death of the Participant. If the Participant has no designated beneficiary, or if the designated beneficiary does not elect a method of distribution,
distribution of the Participant's entire interest must be completed by December 31 of the calendar year containing the fifth anniversary of the Participant's death. 

        (e)    Payments to Children.    In accordance with regulations issued
by the Secretary of the Treasury, any amount paid to a child shall be treated as if it had been paid to the surviving spouse if such amount shall become payable to the surviving spouse upon such child
reaching majority (or other designated event permitted under such regulations). 

        (f)    Incidental Death Benefit Distributions.    Any distribution
required by the rules applicable to incidental death benefits shall be treated as a distribution required by this Section. All distributions required under this Section shall be determined and made in
accordance with the proposed regulations under Section 401(a)(9) of the Code, including the minimum distribution incidental benefit requirement of Section 1.401(a)(9)-2 of
the proposed regulations. 

        (g)    Distributions.    For the purposes of this section,
distribution of a Participant's interest is considered to begin on the Participant's required beginning date or the date distribution is required to begin to the surviving spouse. If distribution in
the form of an annuity irrevocably commences to the Participant before the required beginning date, the date distribution is considered to begin is the date distribution actually commences. 

        (h)    Definitions.    

        (1)    Applicable life expectancy.    The life expectancy (or joint
and last survivor expectancy) calculated using the attained age of the Participant (or designated beneficiary) as of the Participant's (or designated beneficiary's) birthday in the applicable calendar
year reduced by one for each calendar year which has elapsed since the date life expectancy was first calculated. If life expectancy is being recalculated, the applicable life expectancy shall be the
life expectancy as so recalculated. The applicable calendar year shall be the first distribution calendar year, and if life expectancy is being recalculated such succeeding calendar year. 

        (2)    Designated beneficiary.    The individual who is designated as
the beneficiary under the Plan in accordance with Section 401(a)(9) and the proposed regulations thereunder. 

        (3)    Distribution calendar year.    A calendar year for which a
minimum distribution is required. For distributions beginning before the Participant's death, the first distribution calendar year is the calendar year immediately preceding the calendar year which
contains the Participant's required beginning date. For distributions beginning after the Participant's death, the first distribution calendar year is the calendar year in which distributions are
required to begin. 

        (4)    Participant's benefit.    

          (i)  The account balance as of the last valuation date in the calendar year immediately preceding the distribution calendar
year (valuation calendar year) increased by the amount of any contributions or forfeitures allocated to the account balance as of 

19

 

dates in the valuation calendar year after the valuation date and decreased by distributions made in the valuation calendar year after the valuation date. 

        (ii)  Exception for second distribution calendar year. For purposes of paragraph (i) above, if any portion of the
minimum distribution for the first distribution calendar year is made in the second distribution calendar year on or before the required beginning date, the amount of the minimum distribution made in
the second distribution calendar year shall be treated as if it had been made in the immediately preceding distribution calendar year. 

        (5)    Required beginning date.    

        (i)    General rule.    The required beginning date of a Participant
is the first day of April of the calendar year following the calendar year in which the Participant attains age 701/2. 

        (ii)    Transitional rules.    The required beginning date of a
Participant who attains age 701/2 before January 1, 1988, shall be determined in accordance with (I) or (II) below: 

        (I)  Non-5-percent owners.    The required
beginning date of a Participant who is not a 5-percent owner is the first day of April of the calendar year following the calendar year in which the later of retirement or attainment of
age 701/2 occurs. 

        (II)  5-percent owners.    The required beginning date
of a Participant who is a 5-percent owner during any year beginning after December 31, 1979, is the first day of April following the later of: 

                (A)  the calendar year in which the Participant attains age 701/2, or 

                (B)  the earlier of the calendar year with or within which ends the Plan Year in which the Participant becomes a
5-percent owner, or the calendar year in which the Participant retires. 

        The
required beginning date of a Participant who is not a 5-percent owner who attains age 701/2 during 1988 and who has not retired as of January 1,
1989, is April 1, 1990. 

      (iii)  5-percent owner.    A Participant is treated as a
5-percent owner for purposes of this section if such Participant is a 5-percent owner as defined in Section 416(i) of the Code (determined in accordance with
Section 416 but without regard to whether the Plan is top-heavy) at any time during the Plan Year ending with or within the calendar year in which such owner attains age
661/2 or any subsequent Plan Year. 

        (iv)  Once distributions have begun to a 5-percent owner under this section, they must continue to be distributed,
even if the Participant ceases to be a 5-percent owner in a subsequent year. 

        (i)    Transitional rule.    

        (1)  Notwithstanding the other requirements of this Section and subject to the requirements of Section 2.5.2,
distribution on behalf of any employee, including a 5-percent owner, may be made in accordance with all of the following requirements (regardless of when such distribution commences): 

        (a)  The distribution by the trust is one which would not have disqualified such trust under Section 401(a)(9) of the
Internal Revenue Code as in effect prior to amendment by the Deficit Reduction Act of 1984. 

20

 

        (b)  The distribution is in accordance with a method of distribution designated by the employee whose interest in the trust is
being distributed or, if the employee is deceased, by a beneficiary of such employee. 

        (c)  Such designation was in writing, was signed by the employee or the beneficiary, and was made before January 1,
1984. 

        2.5.2    Method of Distribution.    Subject to the provisions of
Section 2.5.1 above and any security interest in a loan from the Plan for which any necessary spousal consent has been obtained (to the extent such security interest is used as repayment of the
loan), distribution shall be made by one of the following methods, as determined in accordance with the election of the Participant (or in the case of death, his Beneficiary) with such spousal
consents as may be required by law: 

        (a)  In a single distribution, as designated by the Employer in the Adoption Agreement; 

        (b)  In substantially equal annual, quarterly or monthly installments over a period of more than one year but which does not
exceed the period designated in the Adoption Agreement, as selected by the Participant (provided that such period is not greater than the Participant's life expectancy as of the annuity starting
date), plus accrued net income. If distribution is to be so made in installments, the Plan Administrator shall cause the undistributed portion of the Distributable Benefit to be transferred to a
Segregated Fund, from which installment payments shall thereafter be withdrawn from time to time. 

        (c)  By the purchase and delivery of a single premium, nontransferable, fully refundable, annuity policy issued by a legal
reserve life insurance company providing for payments over such period as may be designated in the Adoption Agreement as selected by the Participant; provided, however, unless the Employer has
designated a life annuity distribution option in the Adoption Agreement, in the event of distribution of such an annuity policy to a Participant, such duration shall be for a fixed duration which is
less than the Participant's life expectancy as of the annuity starting date. The refund feature under such annuity policy following the death of the Participant shall inure to the benefit of the
person or persons designated by the Participant as his Beneficiary. 

        (d)  Any alternative method of equivalent value contained in the Plan at any time on or after the first day of the first Plan
Year beginning after 1988 to which the Participant consents. 

        (e)    Annuity Payments    

        (1)    Requirement of Annuity Payment.    The provisions of this
Section 2.5.2(e) shall apply to any Participant who is credited with at least one Hour of Service with the Employer on or after August 23, 1984, and such other Participants as provided
in Section 2.5.2(k). Unless an optional form of benefit is selected pursuant to a qualified election within the 90-day period ending on the annuity starting date, a married
Participant's vested Account balance will be paid in the form of a Joint and Survivor Annuity and an unmarried Participant's vested Account balance will be paid in the form of a life annuity. 

Unless
an optional form of benefit has been selected within the election period pursuant to a qualified election, if a Participant dies before the annuity starting date then the Participant's vested
Account balance shall be applied toward the purchase of a Preretirement Survivor Annuity. 

Notwithstanding
the other provisions of this Section 2.5.2(e), if the Plan is designated in the Adoption Agreement as a Cash or Deferred Profit Sharing Plan or a Profit Sharing Plan and the
Employer does not designate a life annuity distribution option in the Adoption Agreement, the Qualified Joint and Survivor Annuity and Preretirement Survivor Annuity forms of distribution shall not be
available. However, a Participant's surviving spouse shall be 

21

 

entitled to elect distribution of the Participant's vested Account balance in the manner provided by Section 3.8.3. 

A
Participant's vested Account balance is the aggregate value of the Participant's vested account balances derived from employer and employee contributions (including rollovers), whether vested before
or upon death, including the proceeds of insurance contracts, if any, on the Participant's life. The provisions hereof shall apply to a Participant who is vested in amounts attributable to employer
contributions, employee contributions (or both) at the time of death or distribution. 

The
Participant may elect to have such annuity distributed upon attainment of the earliest retirement age under the Plan. A surviving spouse may elect to have such annuity distributed within the
ninety (90) day period commencing on the date of the Participant's death. 

        (2)    Election to Waive Annuity Payment.    A Participant may elect
at any time during the applicable election period to waive the Joint and Survivor Annuity form of benefit or the Preretirement Survivor Annuity form of benefit (or both) and may revoke any such
election at any time during the applicable election period. 

        (3)    Spousal Consent Required.    An election to waive any annuity
form of benefit shall not take effect unless the spouse of the Participant consents in writing to the election, such election designates a specific beneficiary, including any class of beneficiaries or
contingent beneficiaries, or, solely in the case of a waiver of a Joint and Survivor Annuity, a form of benefits which may not be changed without spousal consent (or the consent of the spouse
expressly permits designations by the Participant without any requirement of further consent by the spouse), and the spouse's consent acknowledges the effect of such election and is witnessed by a
Plan representative or a notary public, or it is established to the satisfaction of the Plan Administrator that such consent cannot be obtained because there is no spouse or because the spouse cannot
be located. A spouse may not revoke the consent without the approval of the Participant. 

Any
consent by a spouse obtained under this provision (or establishment that the consent of a spouse may not be obtained) shall be effective only with respect to such spouse. A consent that permits
designations by the Participant without any requirement of further consent by such spouse must acknowledge that the spouse has the right to limit consent to a specific beneficiary, and a specific form
of benefit where applicable, and that the spouse voluntarily elects to relinquish either or both of such rights. A revocation of a prior waiver may be made by a Participant without the consent of the
spouse at any time before the commencement of benefits. The number of revocations shall not be limited. No consent obtained under this provision shall be valid unless the Participant has received
notice as provided in subsection (4) below. 

        (4)    Written Explanations.    The Plan Administrator shall provide
each Participant no less than 30 days and no more than 90 days before the annuity starting date a written explanation of — 

        (a)  the terms and conditions of a Joint and Survivor Annuity; 

        (b)  the Participant's right to make and the effect of an election to waive the Joint and Survivor Annuity form of benefit; 

        (c)  the rights of the Participant's spouse to consent to a Participant's election; 

        (d)  the right to make and the effect of a revocation of an election. 

22

 

The
Plan Administrator shall provide to each Participant within the applicable period a written explanation of a Preretirement Survivor Annuity comparable to that provided with respect to a Joint and
Survivor Annuity. 

        (5)    Applicable Period.    The applicable period means with respect
to a Participant, whichever of the following periods ends last: 

        (a)  The period beginning with the first day of the Plan Year in which the Participant attains age 32 and ending with the
close of the Plan Year preceding the Plan Year in which the Participant attains age 35. 

        (b)  A reasonable period ending after the individual becomes a Participant. 

        (c)  A reasonable period ending after the Plan ceases to fully subsidize costs. 

        (d)  A reasonable period ending after Section 401(a)(11) of the Code first applies to the Participant. 

        (e)  A reasonable period ending after separation from service in case of a Participant who separates before attaining age 35. 

For
purposes of applying the foregoing, a reasonable period ending after the enumerated events described in (b), (c) and (d) is the end of the two-year period beginning one
year prior to the date the applicable event occurs and ending one year after that date. In the case of a Participant who separates from service before the Plan Year in which age 35 is attained, notice
shall be provided within the two-year period beginning prior to separation and ending one year after separation. If such a Participant there after returns to employment with the Employer,
the applicable period for such Participant shall be redetermined. 

        (6)    Applicable Election Period.    The applicable election period
means — 

        (a)  in the case of an election to waive a Joint and Survivor Annuity, the ninety (90) day period ending on the annuity
starting date; and 

        (b)  in the case of an election to waive a Preretirement Survivor Annuity, the period which begins on the first day of the
Plan Year in which the Participant attains age thirty-five (35) and ends on the date of the Participant's death; provided that in the case of a Participant who is separated from
service, such period shall not begin later than the date of such separation from service. 

A
Participant who will not yet attain age 35 as of the end of any current Plan Year may make a special qualified election to waive the Preretirement Survivor Annuity for the period beginning on the
date of such election and ending on the first day of the Plan Year in which the Participant will attain age 35. Such election shall not be valid unless the Participant receives a written explanation
of the Preretirement Survivor Annuity in such terms as are comparable to the explanation required under subsection (4). Preretirement Survivor Annuity coverage will be automatically reinstated as of
the first day of the Plan Year in which the Participant attains age 35. Any new waiver on or after such date shall be subject to the full requirements of this section. 

        (7)    Annuity Starting Date.    The annuity starting date means the
first day of the first period for which an amount is payable as an annuity or any other form. 

23

  

        (8)    Marriage Requirement.    Notwithstanding the foregoing, the
benefits under the Plan shall not be provided in the form of a Joint and Survivor Annuity or a Preretirement Survivor Annuity unless the Participant and his spouse have been married throughout the one
(1) year period ending on the earlier of the Participant's annuity starting date or the date of the Participant's death. If a Participant marries within one (1) year before the annuity
starting date and the Participant and his spouse in such marriage have been married for at least a one (1) year period ending on or before the date of the Participant's death, the Participant
and such spouse shall be treated as having been married throughout the required period. A former spouse shall be treated as the spouse or surviving spouse and a current spouse will not be treated as
the spouse or surviving spouse to the extent provided under a qualified domestic relations order as described in Section 414(p) of the Code. 

        (f)    Terms of Annuity Contracts. Any annuity contract distributed from the Plan must be nontransferable. The terms of any
annuity contract purchased and distributed by the Plan to a Participant or spouse shall comply with the requirements of the Plan. If the Participant's benefit is distributed in the form of an annuity
purchased from an insurance company, distributions thereunder shall be made in accordance with the requirements of Section 401(a)(9) of the Code and the proposed regulations thereunder. 

        (g)  Incidental Death Benefits. For calendar years beginning before January 1, 1989, if the Participant's spouse is not
the designated Beneficiary, the method of distribution selected must assure that at least fifty (50%) percent of the present value of the amount available for distribution is paid within the life
expectancy of the Participant. 

        (h)  Consents. If the value of a Participant's vested account balance derived from Employer and Employee contributions does
not exceed (and at the time of any prior distribution did not exceed) $3,500, the consent of the Participant and his or her spouse shall not be required; provided that if such value exceeds $3,500,
the Participant and spouse (or where either has died, the survivor) must consent to any distribution of such account balance. The consent shall be obtained in writing within the 90 day period
ending on the annuity starting date. Neither the consent of the Participant nor the Participant's spouse shall be required to the extent that a distribution is required to satisfy Section 401
(a)(9) or Section 415 of the Code. In addition, upon termination of the Plan if the Plan does not offer an annuity option (purchased from a commercial provider) and if the Employer or any
entity within the same controlled group does not maintain another defined contribution plan (other than an employee stock ownership plan as defined in Section 4975(e)(7) of the Code), the
Participant's account balance in the Plan will, without the Participant's consent, be distributed to the Participant. However, if any entity within the same controlled group as the Employer maintains
another defined contribution plan (other than an employee stock ownership plan as defined in Section 4975(e)(7) of the Code), then the
Participant's account balance will be transferred, without the Participant's consent, to the other Plan if the Participant does not consent to an immediate distribution. 

        (i)    Zero Benefits. If the value of the Participant's vested and nonforfeitable interest in the Plan at the time of his
termination of employment is zero, the Participant shall be deemed to have received a distribution of such interest. 

        (j)    Restrictions on Immediate Distributions. The Plan Administrator shall notify the Participant and the Participant's spouse
of the right to defer any distribution until the Participant's account balance in the Plan is no longer immediately distributable. Such notification shall include a general description of the material
features and an explanation of the relative values of the optional forms of benefit available under the Plan in a manner that would satisfy the notice requirements of Section 417(a)(3) of the
Code and shall be provided no less than 30 days and no more than 90 days prior to the annuity starting date. Notwithstanding the foregoing, only the Participant need consent to the
commencement of a distribution in the form of a qualified joint and survivor annuity while the Participant's account 

24

 

balance in the Plan is immediately distributable. Furthermore, if payment in the form of a qualified joint and survivor annuity is not required with respect to the Participant pursuant to the Plan,
only the Participant need consent to the distribution of an account balance that is immediately distributable. The Participant's account balance is immediately distributable if any part of the
Participant's account balance could be distributed to the Participant (or surviving spouse) before the Participant attains (or would have attained if not deceased) the later of age 62 or the Normal
Retirement Age. 

        (k)  Transitional Rules.

        (1)  Any living Participant not receiving benefits on August 23, 1984, who would otherwise not receive the benefits
prescribed by the previous sections of the article must be given the opportunity to elect to have the prior sections of this article apply if such Participant is credited with at least one hour of
service under this Plan or a predecessor plan in a Plan Year beginning on or after January 1, 1976, and such Participant has at least 10 years of vesting service when he or she separated
from service. 

        (2)  Any living Participant not receiving benefits on August 23, 1984, who was credited with at least one hour of
service under this Plan or a predecessor plan on or after September 2, 1974, and who is not otherwise credited with any service in a plan Year beginning on or after January 1, 1976, must
be given the opportunity to have his or her benefits paid in accordance with Section (4) below. 

        (3)  The respective opportunities to elect (as described above) must be afforded to the appropriate Participants during the
period commencing on August 23, 1984, and ending on the date benefits would otherwise commence to said Participants. 

        (4)  Any Participant who has elected pursuant to Section (2) above and any Participant who does not elect under
Section (1) or who meets the requirements of Section (1) except that such Participant does not have at least 10 years of vesting service when he or she separates from service,
shall have his or her benefits distributed in accordance with all of the following requirements if benefits would have been payable in the form of a life annuity: 

        (i) Automatic joint and survivor annuity. If benefits in the form a life annuity become payable to a married Participant
who: 

        (1)  begins to receive payments under the Plan on or after normal retirement age; or 

        (2)  dies on or after normal retirement age while still working for the Employer; or 

        (3)  begins to receive payments on or after the qualified early retirement age; or 

        (4)  separates from service on or after attaining normal retirement age (or the qualified early retirement age) and after
satisfying the eligibility requirements for the payment of benefits under the plan and thereafter dies before beginning to receive such benefits; 

then
such benefits will be received under this Plan in the form of a qualified joint and survivor annuity, unless the Participant has elected otherwise during the election period. The election period
must begin at least 6 months before the Participant attains qualified early retirement age and end not more than 90 days before the commencement of benefits. Any election hereunder will
be in writing and may be changed by the Participant at any time. 

        (ii)  Election of early survivor annuity. A Participant who is employed after attaining the qualified early retirement age
will be given the opportunity to elect, during the election period, to have a survivor annuity payable on death. If the Participant elects the survivor annuity, payments under such annuity must not be
less than the payments which would have 

25

 

been made to the spouse under the qualified joint and survivor annuity if the Participant had retired on the day before his or her death. 

Any
election under this provision will be in writing and may be changed by the Participant at any time. The election period begins on the later of (1) the 90th day before the Participant attains the
qualified
early retirement age, or (2) the date on which participation begins, and ends on the date the Participant terminates employment. 

        (iii) For purposes of this Section (4):

        (1)  Qualified early retirement age is the later of: 

        (i)    the earliest date, under the Plan, on which the Participant may elect to receive retirement benefits, 

        (ii)  the first day of the 120th month beginning before the Participant reaches normal retirement age, or 

        (iii)  the date the Participant begins participation. 

        (2)  Qualified joint and survivor annuity is an annuity for the life of the Participant with a survivor annuity for the life
of the spouse as otherwise described in the Plan. 

        2.5.3    Nature of Distributions.    The nature of the distribution of a Participant's
Distributable Benefit shall be as hereinafter provided. 

        (a)    Trust Fund and Segregated
Funds.    Subject to the Joint and Survivor Annuity requirements, except as provided in subsection (b) with regard to
Life Insurance Policies, distribution of a Participant's Distributable Benefit shall consist of cash or property, or an annuity contract as provided in Section 2.5.2 above. 

        (b)    Insurance Policies.    In the event
that the Trustee has purchased Life Insurance Policies on the life of the Participant, the values and benefits available with respect to each such Policy shall be distributed as follows: 

        (i)    If the Participant's employment terminates for any reason other than death, then the Trustee shall either surrender the
Life Insurance Policy for its available cash value and distribute the proceeds as provided in subsection (a) above or, at the election of the Participant, distribute the Life Insurance Policy to the
Participant, provided the Participant has a vested and nonforfeitable interest in his Accounts in an amount at least equal to the cash value thereof. 

        (ii)  If the Participant's employment terminates by reason of death, the beneficiary designated by the Participant in
accordance with the terms of the Plan shall be entitled to receive from the Trustee the full amount of the proceeds thereof. 

The
Trustee shall apply for and be the owner of any Policies purchased under the terms of the Plan. The Policies must provide that the proceeds are payable to the Trustee subject to the Trustee's
obligation to pay over the proceeds to the designated Beneficiary. A Participant's spouse will be the designated beneficiary of the proceeds of such Policies unless a qualified election has been made
in accordance with Section 2.5.2(e) of the Plan, if applicable. Under no circumstances shall the trust retain any part of the proceeds. In the event of any conflict between the terms of the Plan and
the terms of any Policies purchased hereunder, the Plan provisions shall control. 

        2.5.4    Advance Distributions.    If the Employer elects in the Adoption Agreement to permit
advance distribution to a Participant or his Beneficiary after his employment has terminated and before he is otherwise entitled to distribution of his Distributable Benefit but in no event earlier
than a 

26

 

reasonable period following the Distribution Date, the Trustee upon the request of the Participant or Beneficiary shall make advance distributions to him or to his Beneficiary. The aggregate of such
an advance distribution shall not exceed the sum of the vested and nonforfeitable interest in the Participant's Accounts. 

If
the Employer elects in the Adoption Agreement to forfeit nonvested amounts immediately upon distribution of the Employee's entire vested account balance on termination of service, an Employee who
terminates service and elects to receive the value of the Employee's vested account balance shall forfeit the nonvested portion. If the Employee elects to have distributed less than the entire vested
portion of the account balance derived from Employer contributions, the part of the nonvested portion that is treated as a forfeiture is the total nonvested portion multiplied by a fraction, the
numerator of which is the amount of the distribution attributable to Employer contributions and the denominator of which is the total value of the vested Employer derived account balance. 

Except
as provided in the preceding paragraph, if a Participant receives a distribution which reduces the balance in his Employer Account when he has less than a one hundred percent (100%) vested and
nonforfeitable interest in the Account, the amount, if any, of the Participant's vested and nonforfeitable interest in the undistributed balance of said Account on his Accrual Date shall be
transferred to a Segregated Account and shall not be less than an amount ("X") determined by the formula: X = P (AB + (R × D)) -
(R × 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 the
distribution; and R is the ratio of the account balance at the relevant time to the account balance after distribution. 

        2.5.5    Hardship Distributions.    If the
Plan is designated in the Adoption Agreement as a Cash or Deferred Profit Sharing Plan or a Profit Sharing Plan and the Employer elects in the Adoption Agreement to permit hardship distributions, a
Participant may request a distribution from the Plan as a result of immediate and heavy financial needs of the Participant to the extent that the distribution is necessary to satisfy such financial
needs. Hardship distributions are subject to the spousal consent requirements contained in Sections 401(a)(11) and 417 of the Code, The determination of whether a Participant has an immediate and
heavy financial need shall be made by the Plan Administrator on the basis of all relevant facts and circumstances. A distribution shall be deemed to be made on account of an immediate and heavy
financial need if the distribution is on account of: 

        (a)  Deductible medical expenses described In Section 213(d) of the Code incurred or necessary for medical care of the
Participant, his spouse or dependents; 

        (b)  Purchase (excluding mortgage payments) of a principal residence for the Participant; 

        (c)  Cost of tuition and related educational fees for the next 12 months of post-secondary education for
the Participant, his spouse, children or dependents; or 

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

A
distribution shall be considered as necessary to satisfy an immediate and heavy financial need of the Participant only if: 

        (a)  The Participant has obtained all distributions, other than hardship distributions, and all nontaxable loans under all
plans maintained by the Employer; 

        (b)  All plans maintained by the Employer provide that the Participant's elective Deferrals and employee contributions shall
be suspended for twelve (12) months after the receipt of the hardship distribution; 

27

 

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

        (d)  All 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 Section 402(g) of the Code for such taxable year less the amount of such
Participant's Elective Deferrals for the taxable year of the hardship distribution. 

In
the event of such distribution, when a Participant is less than one hundred percent (100%) vested in his Employer Account or Matching Account, the vested interest in the Employer Account or
Matching Account shall thereafter be determined in accordance with Section 2.5.4 of the Plan. 

        2.5.6    In Service Distributions.    

        (a)    Cash or Deferred Profit Sharing Plans.    If the Plan is
designated in the Adoption Agreement as a Cash or Deferred Profit Sharing plan and if the Employer elects in the Adoption Agreement to permit distributions to a Participant after attaining age
591/2 but prior to his termination of employment, a Participant shall be entitled to receive a distribution of all or a part of his interest in the Plan upon filing a written request
with the Plan Administrator; provided that no distribution shall be made unless the interest of the Participant in the Account from which the distribution is to be made is fully vested and
nonforfeitable and the balance in the Account to be distributed has accumulated for at least two (2) years or the individual has been a Participant for five (5) or more Plan Years; and
the distribution of Elective Deferrals and Qualified Non-Elective Contributions satisfy the limitations imposed by Part II, Article VII. Any distribution shall be subject to
the written consent of the Participant's spouse. 

        (b)    Profit Sharing Plans.    If the Plan is designated in the
Adoption Agreement as a Profit Sharing Plan and if the Employer elects in the Adoption Agreement to permit distributions to a Participant prior to his termination of employment, a Participant shall be
entitled to receive a distribution of all or part of his interest in the Plan upon filing a written request with the Plan Administrator; provided that no distribution shall be made unless the interest
of the Participant in the Account from which the distribution is to be made is fully vested and nonforfeitable and the balance in the Account to be distributed has accumulated for at least two
(2) years or the individual has been a Participant for five (5) or more Plan Years, provided further that in-service distributions shall be permitted subject to the terms of
Section 2.5.5 if the Employer elects in the Adoption Agreement to have such provision apply. Any distribution shall be subject to the written consent of the Participant's spouse. 

        (c)    All Plans.    Upon attainment of his Normal Retirement Date, a
Participant shall be entitled to receive a distribution of all or a part of his interest in the Plan upon filing a written request with the Plan Administrator. In service distributions are permitted
at the election of the Participant for amounts held in a Segregated Account attributable to a rollover from another plan regardless of age or periods of participation. Any distribution shall be
subject to the written consent of the Participant's spouse. 

28

 

ARTICLE VI  

 CONTINGENT TOP HEAVY PROVISIONS  

        2.6.1    Top Heavy Requirements.    If the
Plan becomes a Top Heavy Plan during any Plan Year, the following provisions shall supersede any conflicting provisions in the Plan or Adoption Agreement and apply for such Plan Year: 

        (a)  Except as otherwise provided below, the Employer contributions and forfeitures allocated on behalf of any Participant who
is not a Key Employee shall not be less than the lesser of three percent of such Participant's Compensation or in the case where the Employer has no defined benefit plan which designates this plan to
satisfy Section 401 of the Code, the largest percentage of Employer contributions and forfeitures, as a percentage of the first $200,000 of the Key Employee's compensation, allocated on behalf
of any Key Employee for that year. The minimum allocation is determined without regard to any Social Security contribution. This minimum allocation shall be made even though, under other plan
provisions, the Participant would not otherwise be entitled to receive an allocation, or would have received a lesser allocation for the year because of (i) the Participant's failure to
complete 1,000 Hours of Service (or any equivalent provided in the plan), or (ii) the Participant's failure to make mandatory employee contributions to the plan, or (iii) compensation
less than a stated amount. 

Neither
Elective Deferrals nor Matching Contributions may be taken into account for the purpose of satisfying the minimum allocation. 

For
purposes of computing the minimum allocation, Compensation shall mean a Participant's compensation as defined in Section 3.2.1(h) of the Plan. 

The
minimum allocation provided above shall not apply to any Participant who was not employed by the Employer on the last day of the Plan Year. 

The
minimum allocation provided above shall not apply to any Participant to the extent the Participant is covered under any other plan or plans of the Employer and Employer has provided in the
Adoption Agreement that the minimum allocation or benefit requirement applicable to top-heavy plans will be met in the other plan or plans. 

        (b)  References in Section 3.2.1(d), pertaining to combined plan limitations, to "1.25" shall be applied by
substituting "1.0" for "1.25" therein. Reference in Section 3.2.1(e), pertaining to a special transition rule, to $51,875" shall be applied by substituting "$41,500" for "$51,875" therein. 

        (c)  The vested and nonforfeitable interest of each Participant shall be equal to the percentage determined under the vesting
schedule specified in the Adoption Agreement if the Plan becomes a Top Heavy Plan, or if no vesting schedule is specified, the percentage determined under the following schedule: 

	Years of Service
 
	 	Percentage
	 
	Less than 2	 	0	%
	2	 	20	%
	3	 	40	%
	4	 	60	%
	5	 	80	%
	6 or more	 	100	%

The
top-heavy minimum vesting schedule applies to all benefits within the meaning of Section 411(a)(7) of the Code, except those attributable to employee contributions, including
benefits accrued before the effective date of Section 416 of the Code and benefits accrued before the Plan becomes top-heavy. 

29

 

No
decrease in a Participant's nonforfeitable percentage may occur in the event the Plan's status as top-heavy changes for any Plan Year. Any minimum allocation required (to the extent
required to be nonforfeitable under Section 416(b)) may not be forfeited under Section 411(a)(3)(B) or (D) of the Code. 

        2.6.2    Top Heavy Definitions.    The
following terms, as used in this Plan, shall have the following meaning: 

        (a)  "Key Employee": An Employee or former employee who, at any time during the Determination Period is either: 

        (i)    an officer of the Employer having an Annual Compensation greater than fifty (50%) percent of the amount in effect under
Section 415(b)(1)(A) of the Code; 

        (ii)  an owner (or a person considered an owner under Section 318 of the Code) of one of the ten largest interests in
the Employer if such individual's Annual Compensation from the Employer is more than the limitation in effect under, Section 415(c)(1)(A) of the Code; 

        (iii) any person who owns directly or indirectly more than five (5%) percent of the outstanding stock of the Employer or stock
possessing more than five (5%) percent of the total combined voting power of all stock of the Employer or, in the case of an unincorporated Employer, the capital or profits interest in the Employer; 

        (iv)  any person who owns directly or indirectly more than one (1%) percent of the outstanding stock of the Employer or stock
possessing more than one (1%) percent of the total combined voting power of all stock of the Employer or, in the case of an unincorporated Employer, the capital or profits interest in the Employer and
having an Annual Compensation from the Employer of more than $150,000; or 

        (v)  any beneficiary of a Key Employee. The determination of who is a Key Employee shall be made in accordance with
Section 416(i)(1) of the Code and the regulations thereunder. 

        (b)  "Aggregation Group": Each qualified retirement plan of the Employer in which a Key Employee is a participant and each
other qualified retirement plan of the Employer which enables any plan in which a Key Employee is a participant to meet the requirements of Section 401(a)(4) or Section 410 of the Code. 

        (c)  "Annual Compensation": Compensation as defined in Section 415(c)(3) of the Code, but including amounts contributed
by the Employer pursuant to a salary reduction agreement which are excludable from the Employee's gross income under Section 125, Section 402(a)(8), Section 402(h) or
Section 403(b) of the Code. 

        (d)  "Top-Heavy Plan": For any Plan Year beginning after December 31, 1983, the plan is
top-heavy if any of the following conditions exists: 

        (i)    If the top-heavy ratio for the plan exceeds 60 percent and the plan is not part of any required
aggregation group or permissive aggregation group of plans. 

        (ii)  If the plan is a part of a required aggregation group of plans but not part of a permissive aggregation group and the
top-heavy ratio for the group of plans exceeds 60 percent. 

        (iii) If the plan is a part of a required aggregation group and part of a permissive aggregation group of plans and the
top-heavy ratio for the permissive aggregation group exceeds 60 percent. 

        (e)  "Top-Heavy Ratio": 

30

 

        (i)    If the Employer maintains one or more defined contribution plans (including any simplified employee pension plan) and the
Employer has not maintained any defined benefit plan which during the 5-year period ending on the Determination Date(s) has or has had accrued benefits, the top-heavy ratio for
this plan alone or for the required or permissive aggregation group as appropriate is a fraction, the numerator of which is the sum of the account balances of all Key Employees as of the Determination
Date(s) (including any part of any account balance distributed in the 5-year period ending on the Determination Date(s)), and the denominator of which is the sum of all account balances
(including any part of any account balance distributed in the 5-year period ending on the Determination Date(s)), both computed in accordance with Section 416 of the Code and the
regulations thereunder. Both the numerator and denominator of the top-heavy ratio are increased to reflect any contribution not actually made as of the Determination Date, but which is
required to be taken into account on that date under Section 416 of the Code and the regulations thereunder. 

        (ii)  If the Employer maintains one or more defined contribution plans (including any simplified employee pension plan) and
the Employer maintains or has maintained one or more defined benefit plans which during the 5-year period ending on the Determination Date(s) has or has had any accrued benefits, the
top-heavy ratio for any required or permissive aggregation group as appropriate is a fraction, the numerator of which is the sum of account balances under the aggregated defined
contribution plan or plans for all Key Employees, determined in accordance with (1) above, and the present value of accrued benefits under the aggregated defined benefit plan or plans for all
Key Employees as of the Determination Date(s), and the denominator of which is the sum of the account balances under the aggregated defined contribution plan or plans for all Participants, determined
in accordance with (i) above, and the present value of accrued benefits under the defined benefit plan or plans for all Participants as of the Determination Date(s), all determined in
accordance with Section 416
of the Code and the regulations thereunder. The accrued benefits under a defined benefit plan in both the numerator and denominator of the top-heavy ratio are increased for any
distribution of an accrued benefit made in the five-year period ending on the Determination Date. 

        (iii) For purposes of (i) and (ii) above, the value of account balances and the present value of accrued
benefits will 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
Section 416 of the Code and the regulations thereunder for the first and second plan years of a defined benefit plan. The account balances and accrued benefits of a Participant (1) who
is not a Key Employee but was a Key Employee in a prior year, or (2) who has not been credited with at least one hour of service with any Employer maintaining the plan at any time during the
5-year period ending on the Determination Date will be disregarded. The calculation of the top-heavy ratio, and the extent to which distributions, rollovers, and transfers are
taken into account will be made in accordance with Section 416 of the Code and the regulations thereunder. Deductible employee contributions will not be taken into account for purposes of
computing the top-heavy ratio. When aggregating plans, the value of account balances and accrued benefits will be calculated with reference to the Determination Dates that fall within the
same calendar year. 

The
accrued benefit of a Participant other than a Key Employee shall be determined under (a) the method, if any, that uniformly applies for accrual purposes under all defined benefit plans
maintained by the Employer, or (b) if there is no such method, as if such benefit accrued not more rapidly than the slowest accrual rate permitted under the fractional rule of
Section 411(b)(1)(C) of the Code. 

31

 

        (f)    "Permissive Aggregation Group": The required aggregation group of plans plus any other plan or plans of the Employer
which, when considered as a group with the required aggregation group, would continue to satisfy the requirements of Sections 401(a)(4) and 410 of the Code. 

        (g)  "Required Aggregation Group": 

        (i)    Each qualified plan of the Employer in which at least one Key Employee participates or participated at any time during
the Determination Period (regardless of whether the plan has terminated). 

        (ii)  Any other qualified plan of the Employer which enables a plan described in (i) to meet the requirements of
Sections 401(a)(4) or 410 of the Code. 

        (h)  "Determination Date": For any plan year subsequent to the first plan year, the last day of the preceding plan year. For
the first plan year of the plan, the last day of that year. 

        (i)    "Valuation Date": The date elected by the Employer in the Adoption Agreement as of which account balances or accrued
benefits are valued for purposes of calculating the top-heavy ratio. 

        (j)    "Present Value": Present value shall be based only on the interest and mortality rates specified in the Adoption
Agreement. 

        (k)  "Determination Period": The Plan Year containing the Determination Date and the four (4) preceding Plan Year. 

        (l)    "Non-Key Employee": An Employee who is not a Key Employee. 

        2.6.3    Pairing Requirements.    If an Employer adopts two or more defined contribution plans
by executing Adoption Agreements pursuant to this Plan or another prototype plan for which the Mass Submitter is the same, the following provisions shall apply: 

        (a)  Only one of the Adoption Agreements may provide for permitted disparity by integration with Social Security. 

        (b)  For each Plan Year in which the paired plans are top-heavy the Employer shall provide a minimum contribution
equal to three (3%) percent of Compensation for each Non-Key Employee (i) under the paired plan designated by the Employer in the Adoption Agreement if the plans benefit the same
Participants, or in the case of a plan subject to Code Section 401(k) or 401(m), the same Participants are eligible to make elective deferrals or employee contributions, or
(ii) under both paired plans if the plans benefit the same participants. Note: The same eligibility requirements in Section A of the Adoption Agreement must be selected. 

        (c)  In any Plan Year in which the paired plans are top-heavy, ie, the top-heavy ratio exceeds sixty
(60%) percent, the denominators of the defined benefit fraction and defined contribution fraction in Section 3.2.1(d) shall be computed by multiplying the dollar limitation by 1.0 instead of by
1.25. 

ARTICLE VII  

 SPECIAL CODA LIMITATIONS  

        2.7.1    Limitation on Deferral Percentage for Highly Compensated
Employees.    Notwithstanding any provision herein to the contrary, the actual deferral percentage for all Highly Compensated Employees for each Plan Year must not
exceed the actual deferral percentage for all other Employees eligible to participate by more then the greater of: 

        (a)  the actual deferral percentage of such other Employees multiplied by 1.25; or 

32

 

        (b)  the actual deferral percentage of such other Employees multiplied by 2.0, but in no event more than two
(2) percentage points greater than the actual deferral percentage of such other Employees. 

For
purposes hereof, the actual deferral percentages for a Plan Year for all Highly Compensated Employees and for all other Employees respectively are the averages of the ratios, calculated separately
for each Employee in the respective group, of the amount of Elective Contributions and Qualified Non-Elective Contributions paid under the Plan on behalf of each such Employee for such
Plan Year including Excess Elective Deferrals to the Employee's Compensation for such Plan Year (whether or not the Employee was a Participant for the entire Plan Year) but excluding Elective
Deferrals that are taken into account in the Contribution Percentage test (provided the ADP test is satisfied both with and without exclusion of those Elective Deferrals). An Employee who would be a
Participant but for the failure to have Elective Contributions made on his behalf shall be treated as a Participant on whose behalf no Elective Contributions are made. For purposes of calculating the
actual deferral percentages of Highly Compensated Employees who are 5 percent owners or among the ten most highly paid Employees, Elective Contributions and Qualified Non-Elective
Contributions on behalf of a member of the Family of such Highly Compensated Employees shall be taken into account and Compensation of such Employees shall include the Elective Deferrals and Qualified
Non-Elective Contributions and Compensation for the Plan Year of members of his Family (as determined in Section 414(g)(6) of the Code). A member of the Family of such Highly
Compensated Employees shall be disregarded as a separate Employee in determining the actual deferral percentage both for Participants who are Highly Compensated Employees and for all other Employees. 

For
purposes of determining the actual deferral percentage test, Elective Contributions and Qualified Non-Elective Contributions must be made before the last day of the twelve month period
immediately following the Plan Year to which the contributions relate. 

The
Employer shall maintain records sufficient to demonstrate satisfaction of the actual deferral percentage test and the amount of Qualified Non-Elective Contributions used in such test. 

The
determination and treatment of the actual deferral percentage amounts of any Participant shall satisfy such other requirements as may be prescribed by the Secretary of the Treasury. 

        2.7.2    Multiple Plan Limitations.    

        (a)  The actual deferral percentage for any Participant who is a Highly Compensated Employee for the Plan Year and who is
eligible to have Elective Contributions (and Qualified Non-Elective Contributions if treated as Elective Deferrals for purposes of the actual deferral percentage test) allocated to his or
her Accounts under two or more arrangements described in Section 401(k) of the Code, that are maintained by the Employer, shall be determined as if such Elective Deferrals (and, if
applicable, such Qualified Non-Elective Contributions) were made under a single arrangement. If a Highly Compensated Employee participates in two or more cash or deferred arrangements that
have different Plan Years, all cash or deferred arrangements ending with or within the same calendar year shall be treated as a single arrangement. 

Notwithstanding
the foregoing, certain plans shall be treated as separate if mandatorily disaggregated under regulations under Section 401(k) of the Code. 

        (b)  In the event that this Plan satisfies the requirements of Section 401(k), 401(a)(4) or 410(b) of the Code only if
aggregated with one or more other plans, or if one or more other plans satisfy the requirements of such sections of the Code only if aggregated with this Plan, then this section shall be applied by
determining the actual deferral percentage of Employees as if all such plans were a single plan. For Plan Years beginning after December 31, 1989, plans may be aggregated in order to satisfy
Section 401(k) of the Code only if they have the same Plan Year. 

33

 

        2.7.3    Limitation on Matching Contributions.    Notwithstanding any provision herein to the
contrary, the average contribution percentage for all Highly Compensated Employees for each Plan Year must not exceed the average contribution percentage for all other Employees eligible to
participate by more than the greater of: 

        (a)  the average contribution percentage of such other Employees multiplied by 1.25; or 

        (b)  the average contribution percentage of such other Employees multiplied by 2.0, but in no event more than two
(2) percentage points greater than the average contribution percentage of such other Employees. 

For
purposes hereof, the average contribution percentages for a Plan Year for all Highly Compensated Employees and for all other Employees respectively are the averages of the ratios, calculated
separately for each Employee in the respective group, of the amount of Matching Contributions paid under the Plan on behalf of each such Employee for such Plan Year, to the Employee's Compensation for
such Plan Year whether or not the Employee was a Participant for the entire Plan Year. Such contribution percentage amounts shall include forfeitures of Excess Aggregate Contributions or Matching
Contributions allocated to the Participant's Accounts which shall be taken into account in the Plan Year in which such forfeiture is allocated. Forfeitures of Matching Contributions shall be included
as contribution percentage amounts only to the extent such forfeitures are used to reduce or supplement the Matching Contributions, as specified in the Adoption Agreement. If so elected in the
Adoption Agreement, the Employer may include Qualified Non-Elective Contributions in the contribution percentage amounts. The Employer may also elect to use Elective Deferrals in the
contribution percentage amounts so long as the ADP test is met before the Elective Deferrals are used in the ACP test and continues to be met following the exclusion of those Elective Deferrals that
are used to meet the ACP test. If an Elective Contribution or other contribution by an Employee is required as a condition of participation in the Plan, any Employee who would be a Participant if such
Employee made such a contribution shall be treated as an eligible Participant on behalf of whom no such contributions are made. 

The
Employer shall maintain records sufficient to demonstrate satisfaction of the average contribution percentage test and the amount of Qualified Non-Elective Contributions used in such
test. 

The
determination and treatment of the contribution percentage of any Participant shall satisfy such other requirements as may be prescribed by the Secretary of the Treasury. 

        2.7.4    Special Rules.    

        (a)  Multiple Use: If one or more Highly Compensated Employees participate in both a CODA and a plan subject to the ACP test
maintained by the Employer and the sum of the ADP and ACP of those Highly Compensated Employees subject to either or both tests exceeds the Aggregate Limit, then the ACP of those Highly Compensated
Employees who also participate in a CODA shall be reduced (beginning with such Highly Compensated Employee whose ACP is the highest) so that the limit is not exceeded. The amount by which each Highly
Compensated Employee's contribution percentage amounts is reduced shall be treated as an Excess Aggregate Contribution. The ADP and ACP of the Highly Compensated Employees are determined after any
corrections required to meet the ADP and ACP tests. Multiple use does not occur if either the ADP or ACP of the Highly Compensated Employees does not exceed 1.25 multiplied by the ADP and ACP of the
Employees who are not Highly Compensated Employees. 

        (b)  The contribution percentage for any Participant who is a Highly Compensated Employee and who is eligible to have
contribution percentage amounts allocated to his or her Accounts under two or more plans described in Section 401 (a) of the Code, or arrangements described in
Section 401(k) of the Code that are maintained by the Employer, shall be determined as if the total of such contribution percentage amounts was made under each plan. If a Highly 

34

 

Compensated Employee participates in two or more cash or deferred arrangements that have different plan years, all cash or deferred arrangements ending with or within the same calendar year shall be
treated as a single arrangement. Notwithstanding the foregoing, certain plans shall be treated as separate if mandatorily disaggregated under regulations under section 401 (m) of the
Code. 

        (c)  In the event that this Plan satisfies the requirements of Sections 401(m), 401(a)(4) or 410(b) of the Code only if
aggregated with one or more other plans, or if one or more other plans satisfy the requirements of such Sections of the Code only if aggregated with this plan, then this section shall be applied by
determining the contribution percentages of Employees as if all such plans were a single plan. For Plan Years beginning after December 31, 1989, plans may be aggregated in order to satisfy
Section 401(m) of the Code only if they have the same Plan Year. 

        (d)  For purposes of determining the contribution percentage of a Participant who is a five-percent owner or one
of the ten most highly-paid Highly Compensated Employees, the contribution percentage amounts and Compensation of such participant shall include the contribution percentage amounts and
Compensation for the Plan Year of members of the Family of such Highly Compensated Employees. Family members, with respect to Highly Compensated Employees, shall be disregarded as separate employees
in determining the contribution percentage both for Participants who are Highly Compensated Employees and for all other Employees. 

        (e)  For purposes of determining the contribution percentage test, Employee Contributions are considered to have been made in
the Plan Year in which contributed to the trust. Matching Contributions and Qualified Non-Elective Contributions shall be considered made for a Plan Year if made no later than the end of
the twelve month period beginning of the day after the close of the Plan Year. 

        2.7.5    Distribution of Excess Elective Deferrals.    A Participant may assign to the Plan
any Excess Elective Deferrals made during a taxable year of the Participant by notifying the Plan Administrator on or before March 15 of each calendar year of the amount of the Excess Elective
Deferrals to be assigned to the Plan. A Participant is deemed to notify the Plan Administrator of any Excess Elective Deferrals that arise by taking into account only those Elective Deferrals made to
this Plan and any other plans of the Employer. 

Notwithstanding
any other provision of the Plan, Excess Elective Deferrals, plus any income and minus any loss allocable thereto, shall be distributed no later than April 15 to any Participant
to whose account Excess Elective Deferrals were assigned for the preceding year and who claims Excess Elective Deferrals for such taxable year. 

Excess
Elective Deferrals distributed under this section shall be adjusted for any income or loss based on a reasonable method of computing the allocable income or loss. The method selected must be
applied consistently to all Participants and used for all corrective distributions under the Plan for the Plan Year, and must be the same method that is used by the Plan for allocating income or loss
to Participants' Accounts. Income or loss allocable to the period between the end of the taxable year and the date of distribution may be disregarded in determining income or loss. 

        2.7.6    Distribution of Excess Contributions.    Notwithstanding any other provision of this
Plan, Excess Contributions, plus any income and minus any loss allocable thereto, shall be distributed no later than the last day of each Plan Year to Participants to whose Accounts such Excess
Contributions were allocated for the preceding Plan Year. If such excess amounts are distributed more then 2 1/2 months after the last day of the Plan Year in which such excess amounts arose, a
ten (10) percent excise tax will be imposed on the Employer maintaining the Plan with respect to such amounts. Such distributions shall be made to Highly Compensated Employees on the basis of
the respective portions of the Excess Contributions attributable to each of such Employees. Excess Contributions of 

35

 

Participants who are subject to the family member aggregation rules shall be allocated among the family members in proportion to the Elective Deferrals (and any amounts treated as Elective Deferrals)
of each family member that is combined to determine the combined ADP. 

Excess
Contributions distributed under this section shall be adjusted for any income or loss based on a reasonable method of computing the allocable income or loss. The method selected must be applied
consistently to all Participants and used for all corrective distributions under the Plan for the Plan Year, and must be the same method that is used by the Plan for allocating income or loss to
Participants' Accounts. Income or loss allocable to the period between the end of the taxable year and the date of distribution may be disregarded in determining income or loss. 

Excess
Contributions shall be distributed from the Participant's Elective Contribution Account in proportion to the Participant's Elective Deferrals for the Plan Year. Excess Contributions
attributable to Qualified Non-Elective Contributions shall be distributed from the Participant's Qualified Non-Elective Contribution Account only to the extent that such Excess
Contributions exceed the balance in the Participant's Elective Contribution Account. 

        2.7.7    Distribution of Excess Aggregate Contributions.    Notwithstanding any other
provision of this Plan, Excess Aggregate Contributions, plus any income and minus any loss allocable thereto, shall be forfeited, if forfeitable, or if not forfeitable, distributed no later than the
last day of each Plan Year to Participants to whose accounts such Excess Aggregate Contributions were allocated for the preceding
Plan Year. Excess Aggregate Contributions of Participants who are subject to the family member aggregation rules shall be allocated among the family members in proportion to the Employee and Matching
Contributions (or amounts treated as Matching Contributions) of each family member that is combined to determine the combined ACP. Such distributions shall be made to Highly Compensated Employees on
the basis of the respective portions of the Excess Aggregate Contributions attributable to each of such Employees. If such Excess Aggregate Contributions are distributed more than 21/2
months after the last day of the Plan Year in which such excess amounts arose, a ten (10) percent excise tax will be imposed on the Employer maintaining the Plan with respect to those amounts, 

Excess
Aggregate Contributions distributed under this section shall be adjusted for any income or loss based on a reasonable method of computing the allocable income or loss. The method selected must
be applied consistently to all Participants and used for all corrective distributions under the Plan for the Plan Year, and must be the same method that is used by the Plan for allocating income or
loss to Participants' Accounts. Income or loss allocable to the period between the end of the taxable year and the date of distribution may be disregarded in determining income or loss. 

Forfeitures
of Excess Aggregate Contributions may either be reallocated to the accounts of Employees who are not Highly Compensated Employees or applied to reduce Employer Contributions, as elected by
the Employer in the Adoption Agreement. 

Excess
Aggregate Contributions shall be forfeited, if forfeitable or distributed on a pro-rata basis from the Participant's Matching Account and Voluntary Account (and, if applicable, the
Participant's Qualified Non-Elective Contribution Account or Elective Contribution Account). 

        2.7.8    Limitation on Distributions.    Except as otherwise provided in this Article,
Elective Deferrals and Qualified Non-Elective Contributions and income allocable thereto are not distributable to a Participant or his or her Beneficiary in accordance with such
Participant's or Beneficiary's election prior to separation from service, death or disability. Such amounts may, however, be distributed upon: 

        (a)  Termination of the Plan without the establishment of another defined contribution plan, other than an employee stock
ownership plan (as defined in Section 4975(e) or Section 409 of the Code) or a simplified employee pension plan as defined in Section 408(k) of the Code. 

36

  

        (b)  The disposition by a corporation to an unrelated corporation of substantially all of the assets (within the meaning of
Section 409(d)(2) of the Code) used in a trade or business of such corporation it such corporation continues to maintain this Plan after the disposition, but only with respect to employees who
continue employment with the corporation acquiring such assets. 

        (c)  The disposition by a corporation to an unrelated entity of such corporation's interest in a subsidiary (within the
meaning of Section 409(d)(3) of the Code) if such corporation continues to maintain this Plan, but only with respect to employees who continue employment with such subsidiary. 

        (d)  The attainment of age 591/2. 

        (e)  The Hardship of a Participant in accordance with Section 2.5.5. 

All
such distributions are subject to the spousal and Participant consent requirements, if applicable, contained in Sections 401 (a)(11) and 417 of the Code. In addition, distributions after
March 31, 1988 that are triggered by any of the first three events enumerated above must be made in a lump sum. 

        2.7.9    Limitation on Elective Deferrals.    No Participant shall be permitted to have
Elective Deferrals made under this Plan, or any other qualified plan maintained by the Employer, during any taxable year, in excess of the dollar limitation contained in Section 402(g) of the
Code in effect at the beginning of such taxable year. 

 
 

PART III    
  

ARTICLE I  

 ACCOUNTING  

        3.1.1    Accounts.    All income, profits, recoveries, contributions and any and all monies,
securities and properties of any kind at any time received or held by the Trustee shall be held as a commingled Trust Fund, except to the extent such assets are transferred to a Segregated Fund. For
accounting purposes, the Plan Administrator shall establish and maintain certain Accounts for each Participant. An Employer Account shall be established and maintained for each Participant to which
shall be added the Participant's share of Employer or Non-Elective Contributions and forfeitures. A Matching Account shall be established and maintained for each Participant to which shall
be added the Participant's share of Matching Contributions and forfeitures. A Qualified Non-Elective Contribution Account shall be established and maintained for each Participant to which
shall be added the Participant's share of Qualified Non-Elective Contributions. If a Participant has previously made voluntary nondeductible employee contributions, the Plan Administrator
shall establish and maintain a Voluntary Account for the Participant. If, in accordance with any of the provisions of the Plan, assets are either deposited initially or transferred to a Segregated
Fund for the benefit of a Participant, the Plan Administrator shall establish and maintain a Segregated Account for the Participant. If a Participant elects to exercise investment control over all or
a portion of his Accounts, the Plan Administrator shall establish and maintain a Controlled Account for the Participant. 

        3.1.2    Adjustments.    As of each Valuation Date, each Participant's Accounts shall be
adjusted in the following order and manner. 

        (a)    Distributions.    Any distribution made to or on behalf of a
Participant since the last preceding Valuation Date shall be deducted from the Participant's Account from which the distribution was made. 

        (b)    Insurance Premiums.    Payments made since the last preceding
Valuation Date for Life Insurance Policies on the life of a Participant (including without limitation payments of premiums and interest on policy loans) shall be deducted from the Account of the
Participant from which the payment was made. 

37

 

        (c)    Adjustment to Fair Market Value.    The value of all monies,
securities and other property in the Trust Fund, excluding Life Insurance Policies, shall be appraised by the Trustee at the then fair market value. In determining such value, all income and
contributions, if any, received by the Trustee from the Employer or Participants on account of such Year calculated under the method of accounting of the
Trust shall be included and there shall be deducted all expenses determined in accordance with the method of accounting adopted by the Plan Administrator. 

If
the total net value of the Trust Fund so determined exceeds (or is less than) the total amount in the affected Accounts of all Participants, the excess (or deficiency) shall be added to (or
deducted from) the respective Accounts of all Participants in the ratio that each such Participant's Account bears to the total amount in all such Accounts. 

        (d)    Adjustment of Segregated and Controlled Accounts.    The value
of all monies, securities and other property in each Participant's Segregated Account or Controlled Account, if any, but exclusive of Life Insurance Policies, shall be appraised by the Trustee at the
then fair market value. In determining such value, all income calculated under the method of accounting of the Trust shall be included and all expenses shall be deducted. 

If
the total net value of a Participant's Segregated Account or Controlled Account, as the case may be, so determined exceeds (or is less than) the previous balance in such Account, the excess (or
deficiency) shall be added to (or deducted from) the Participant's respective Account. 

        (e)    Insurance Dividends.    Dividends or credits received since the
last preceding Valuation Date on any Life Insurance Policy on the life of a Participant shall be added to the Account of the Participant from which the premiums for such Life Insurance Policy have
been paid. 

        (f)    Contributions and Forfeitures.    Each Participant's Account
shall be increased by that portion of the contribution and forfeitures which is allocated to him. 

        (g)    Transfers to Segregated Funds.    To the extent that funds in
the Trust Fund attributable to a Participant's Accounts were transferred since the last preceding Valuation Date or are to be transferred to a Segregated Fund pursuant to any of the provisions of the
Plan, the Account from which the funds were transferred shall be decreased and the Account to which the funds were transferred shall be increased. 

        (h)    Transfers From Segregated Funds.    To the extent that funds
are transferred from a Segregated Fund of a Participant to the Trust Fund pursuant to any of the provisions of the Plan, the Account from which the funds were transferred shall be decreased and the
Account to which the funds were transferred shall be increased. 

        (i)    Time of Adjustments.    Every adjustment to be made pursuant to
this Section shall be considered as having been made as of the applicable Valuation Date regardless of the actual dates of entries, receipt
by the Trustee of contributions by the Participant or the Employer for such Year, or the transfers of funds to or from Segregated Funds. The Trustee's determination as to valuation of trust assets and
charges or credits to the individual Accounts of the respective Participants shall be conclusive and binding on all persons. If funds are transferred from the Trust Fund to a Segregated Fund as of any
date other than a Valuation Date pursuant to the terms of the Plan, the adjustment to be made pursuant to this Section shall be made as of the date as of which such transfer is made, as if such date
is a Valuation Date. 

If
any Participant receives a distribution pursuant to the terms of the Plan as of any date other than a Valuation Date, then the adjustments to be made pursuant to this Section shall be made in the
manner specified in the Adoption Agreement. 

38

 

ARTICLE II  

 LIMITATIONS  

        3.2.1    Limitations on Annual Additions.    If the Participant does not participate in, and
has never participated in, another qualified plan maintained by the Employer, or a welfare benefit fund, as defined in Section 419(e) of the Code, maintained by the Employer, or an individual
medical account, as defined in Section 415(1)(2) of the Code, maintained by the Employer, which provides an annual addition, then subject to the adjustments hereinafter set forth, the amount of
annual additions which may be credited to a Participant's Accounts during any Limitation Year shall not exceed the maximum permissible amount, which shall equal the lesser of: (a) thirty
thousand dollars ($30,000.00) or, if greater, one-fourth of the dollar limitation under Section 415(b)(1)(A) of the Code as in effect for the Limitation Year, or
(b) twenty-five percent (25%) of the Participant's Compensation for the Plan Year. The compensation limitation referred to in (b) shall not apply to any contribution for
medical benefits (within the meaning of Section 401(h) or Section 419A(f)(2) of the Code) which is otherwise treated as an annual addition under Sections 415(l)(1) or 419A(d)(2)
of the Code. 

If
the Employer contribution that would otherwise be contributed or allocated to the Participant's Account would cause the annual additions for the Limitation Year to exceed the maximum permissible
amount, the amount contributed or allocated shall be reduced so that the annual additions for the Limitation Year shall equal the maximum permissible amount. 

        (a)    Annual Additions.    The term "annual additions" shall mean the
sum of the following amounts credited to a Participant's Accounts for the Limitation Year: 

            (i)  Employer contributions; 

         (ii)  Employee contributions; 

      (iii)  Forfeitures; 

         (iv)  Excess Elective Deferrals, Excess Contributions and Excess Aggregate Contributions; and 

          (v)  Payments allocated after March 31, 1984, to an individual medical account, as defined in
section 415(1)(2) of the Code, which is part of a pension or annuity plan maintained by the Employer and 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
section 419A(d)(3) of the Code, under a welfare benefit fund as defined in section 419(e) of the Code, maintained by the Employer. 

Any
excess amounts applied under subsections (b) and (c) below to reduce Employer contributions are considered annual additions for such Limitation Year. 

        (b)    Excessive Annual Additions.    Prior to determining a
Participant's actual Compensation for a Limitation Year, the Employer may determine the maximum permissible Annual Addition for the Participant on the basis of a reasonable estimation of the
Participant's Compensation for the Limitation Year, uniformly determined for all Participants similarly situated. As soon as is administratively feasible after the end of the Limitation Year, the
maximum permissible amount for the Limitation Year shall be determined on the basis of the Participant's actual Compensation for the Limitation Year. 

Any
Excessive Annual Addition attributable to nondeductible voluntary employee contributions made by a Participant to the extent they reduce the excess amount shall be returned to the Participant
before any other adjustments are made. Any Excessive Annual Addition attributable to 

39

 

a reasonable error in determining the amount of Elective Deferrals that may be made on behalf of a Participant under the limits of Section 415 of the Code shall next be returned to the
Participant. 

If
an excess amount still exists, and the Participant is covered by the Plan at the end of the Limitation Year, the excess amount in the Participant's Account shall be used to reduce Employer
contributions (including any allocation of forfeitures) for such Participant in the next Limitation Year, and each succeeding Limitation Year, if necessary. If an excess amount still exists, and the
Participant is not covered by the Plan at the end of a Limitation Year, the excess amount shall be held unallocated in a suspense account. The suspense account shall be applied to reduce future
Employer contributions for all remaining Participants in the next Limitation Year, and each succeeding Limitation Year, if necessary. 

If
a suspense account is in existence at any time during a particular Limitation Year, all amounts in the suspense account must be allocated and reallocated to Participants' Accounts before any
Employer or any Employee contributions may be made to the Plan for that Limitation Year. Excess amounts may not be distributed to Participants or former Participants. If a suspense account is in
existence at any time during a Limitation Year, it shall not participate in the allocation of the Trust's investment gains and losses. 

        (c)    Participation In Certain Other Plans.    If in addition to this
Plan, the Participant is covered under another qualified regional prototype defined contribution plan maintained by the Employer, a welfare benefit fund, as defined in Section 419(e) of the
code maintained by the Employer, or an individual medical account, as defined in Section 415(l)(2) of the Code, maintained by the Employer, which provides an Annual Addition during any
Limitation Year, the annual additions which may be credited to a Participant's account under this Plan for any such Limitation Year shall not exceed the maximum permissible amount reduced by the
Annual Additions credited to a Participant's Account under the other plans and welfare benefit funds for the same Limitation Year. If the Annual Additions with respect to the Participant under other
defined contribution plans and welfare benefit funds maintained by the Employer are less than the maximum permissible amount and the Employer contribution that would otherwise be contributed or
allocated to the Participant's Account under this Plan would cause the Annual Additions for the Limitation Year to exceed this limitation, the amount contributed or allocated shall be reduced so that
the Annual Additions under all such plans and funds for the Limitation Year shall equal the maximum permissible amount. If the Annual Additions with respect to the Participant under such other defined
contribution plans and welfare benefit funds in the aggregate are equal to or greater than the maximum permissible amount, no amount will be contributed or allocated to the Participant's Account under
this Plan for the Limitation Year. 

Prior
to determining the Participant's actual Compensation for the Limitation Year, the Employer may determine the maximum permissible amount for a Participant in the manner described in subsection
(b) above. As soon as is administratively feasible after the end of the Limitation Year, the maximum permissible amount for the Limitation Year shall be determined on the basis of the
Participant's actual Compensation for the Limitation Year. 

If
a Participant's Annual Additions under this Plan and such other plans would result in an excess amount for a Limitation Year, the excess amount shall be deemed to consist of the Annual Additions
last allocated, except that Annual Additions attributable to a welfare benefit fund or individual medical account will be deemed to have been allocated first regardless of the actual allocation date. 

40

 

If
the excess amount was allocated to a Participant on an allocation date of this Plan which coincides with an allocation date of another plan, the excess amount attributed to this Plan will be the
product of: 

          (i)  the total excess amount allocated as of such date, times 

        (ii)  the ratio of (I) the Annual Additions allocated to the Participant for the Limitation Year as of such date under
this Plan to (II) the total Annual Additions allocated to the Participant for the Limitation Year as of such date under this and all the other qualified regional prototype defined contribution
plans. Any excess amount attributed to this Plan will be disposed in the manner described in subsection (b), above 

If
the Participant is covered under another qualified defined contribution plan maintained by the Employer which is not a regional prototype plan, Annual Additions which may be credited to the
Participant's Account under this Plan for any Limitation Year shall be limited as provided above as though the other plan were a regional prototype plan unless the Employer specifies other limitations
in the Adoption Agreement. 

For
purposes hereof, the excess amount is the excess of the Participant's annual additions for the Limitation Year over the maximum permissible amount and a regional prototype plan is a plan the form
of which is the subject of a favorable opinion letter from the Internal Revenue Service. 

If
the Employer maintains, or at any time maintained, a qualified defined benefit plan covering any Participant in this Plan, the sum of the Participant's defined benefit plan fraction and defined
contribution plan fraction will not exceed 1.0 in any Limitation Year. The Annual Additions which may be credited to the Participant's account under this Plan for any Limitation Year shall be limited
in the manner specified in the Adoption Agreement. 

        (d)    Combined Plan Limitation.    In the event that a Participant in
this Plan participates in a defined benefit plan (as defined in the applicable sections of the Code) maintained by the Employer, the sum of the "defined benefit plan fraction" plus the "defined
contribution plan fraction" shall at no time exceed 1.0. The "defined benefit plan fraction" for any year is a fraction (i) the numerator of which is the projected annual benefit of the
Participant under all the defined benefit plans (whether or not terminated) maintained by the Employer (determined as of the close of the year), and (ii) the denominator of which is the lesser
of (A) the product of 1.25 multiplied by the dollar limitation
determined for the Limitation Year under Sections 415(b) and (d) of the Code, or (B) the product of 1.4 multiplied by one hundred (100%) percent of the Participant's average compensation
for the three (3) consecutive Years of Service with the Employer that produces the highest average, including any adjustments under Section 415(b) of the Code. Notwithstanding the above,
if the Participant was a Participant as of the first day of the first Limitation Year beginning after December 31, 1986, in one or more defined benefit plans maintained by the Employer which
were in existence on May 6, 1986, the denominator of this fraction shall not be less than 125 percent of the sum of the annual benefits under such plans which the Participant had accrued
as of the close of the last Limitation Year beginning before January 1, 1987, disregarding any changes in the terms and conditions of the Plan after May 5, 1986. The preceding sentence
applies only if the defined benefit plans individually and in the aggregate satisfied the requirements of Section 415 for all Limitation Years beginning before January 1, 1987. The
"defined contribution fraction" for any year is a fraction (i) the numerator of which is the sum of the annual additions to the Participant's accounts under all defined contribution plans
(whether or not terminated) maintained by the Employer for the current and all prior Limitation Years, including the annual additions attributable to the Participant's nondeductible employee
contributions to all defined benefit plans, whether or not terminated, maintained by the Employer, and the annual additions attributable to all welfare benefit funds and 

41

 

individual medical accounts (as defined in Sections 419(e) and 415(l)(2) of the Code) maintained by the Employer, and (ii) the denominator of which is the sum of the lesser of the following
amounts determined for the current year and for all prior limitation years of service with the Employer, regardless of whether a defined contribution plan was maintained by the Employer:
(A) the product of 1.25 multiplied by the dollar limitation determined under Sections 415(b) and (d) of the Code in effect under Section 415(c)(1)(A) of the Code, or
(B) thirty-five (35%) percent of the Participant's compensation from the Employer for such plan year. If the Employee was a Participant as of the end of the first day of the first
Limitation Year beginning after December 31, 1986, in one or more defined contribution plans maintained by the Employer which were in existence on May 6, 1986, the numerator of this
fraction will be adjusted if the sum of this fraction and the defined benefit fraction would otherwise exceed 1.0 under the terms of this Plan. Under the adjustment, an amount equal to the product of
(1) the excess of the sum of the fractions over 1.0 times (2) the denominator of this fraction, shall be permanently subtracted from the numerator of this fraction. The adjustment is
calculated using the fractions as they would be computed as of the end of the last Limitation Year beginning before January 1, 1987, and disregarding any changes in the terms and conditions of
the Plan made after May 5, 1986, but using the Section 415 limitation applicable to the first Limitation Year beginning on or after January 1, 1987. 

The
annual addition for any Limitation Year beginning before January 1, 1987, shall not be recomputed to treat all employee contributions as annual additions. 

The
projected annual benefits under a defined benefit plan is the annual retirement benefit (adjusted to an actuarially equivalent straight life annuity if such benefit is expressed in a form other
than a straight life annuity) or qualified joint and survivor annuity) to which the Participant would be entitled under the terms of the Plan assuming the Participant continues employment until normal
retirement age under the plan (or current age, if later), and the Participant's compensation for the current Limitation Year and all other relevant factors used to determine benefits under the Plan
remain constant for all future Limitation Years. 

        (e)    Special Transition Rule for Defined Contribution
Fraction.    At the election of the Plan Administrator, in applying the provisions of subsection (d) above with respect to the defined contribution plan
fraction for any year ending after December 31, 1982, the amount taken into account for the denominator for each Participant for all years ending before January 1, 1983 shall be an
amount equal to the product of the amount of the denominator determined under subsection (d) above for the year ending in 1982, multiplied by the "transition fraction". The "transition
fraction" is a fraction (i) the numerator of which is the lesser of (A) $51,875 or (B) 1.4 multiplied by twenty-five (25%) percent of the Participant's compensation
for the year ending in 1981, and (ii) the denominator of which is the lesser of (A) $41,500 or (B) twenty-five (25%) percent of the Participant's compensation for the
year ending in 1981. 

        (f)    Special Transition Rule for Excess Benefits.    Provided that
the Plan satisfied the requirements of Section 415 of the Code for the last Plan Year beginning before January 1, 1983, an amount shall be subtracted from the numerator of the defined
contribution plan fraction (not exceeding such numerator) so that the sum of the defined benefit plan fraction and the defined contribution fraction computed in accordance with
Section 415(e)(1) of the Code (as amended by the Tax Equity and Fiscal Responsibility Act of 1982) does not exceed 1.0 for such year, in accordance with regulations issued by the Secretary of
the Treasury pursuant to the applicable provisions of the Code. 

        (g)    Employer.    For purposes of this Section, employer shall mean
the Employer that adopts this Plan and all members of a group of employers which constitutes a controlled group of corporations or trades or businesses under common control (as defined in Sections
414(b) and (c) of the Code, as modified by Section 415(h) of the Code), or an affiliated service group (as 

42

 

defined in Section 414(m) of the Code) of which the adopting employer is part and any other entity required to be aggregated with the Employer under Section 414(o) of the Code and the
regulations issued thereunder. 

        (h)    Compensation.    For purposes of this Section as elected in the
Adoption Agreement by the Employer, Compensation shall mean all of a Participant's: 

        (i)    Wages, Tips and Other Compensation Box on
Form W-2.    Wages as defined in Section 3401(a) and all other payments of compensation to an employee by the employer (in the course
of the employer's trade or business) for which the employer is required to furnish the employee a written statement under Sections 6041(d) and 6051(a)(3) of the Code. Compensation must be
determined without regard to any rules under Section 3401(a) that limit the remuneration included in wages based on the nature or location of the employment or the services rendered
(such as the exception for agricultural labor in Section 3401(a)(2) of the Code). 

        (ii)    Section 3401(a) Wages.    Wages as defined in
section 3401(a) of the Code 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 section 3401(a)(2) of the Code). 

        (iii)    Section 415 Safe-Harbor
Compensation.    Wages, salaries and fees for professional services and other amounts received without regard to whether or not an amount is paid in cash for personal
services actually rendered in the course of employment for the employer maintaining the Plan to the extent that the amounts are includible in gross income (including but not limited to commissions
paid salesmen, compensation for services on the basis of a percentage of profits, commissions on insurance premiums, tips, bonuses, fringe benefits, and reimbursements or other expense allowances
under a nonaccountable plan (as described in section 1.62-2(c) of the Regulations), but excluding: 

        (I)  Employer contributions to a plan of deferred compensation which are not includible in the Employee's gross income for the
taxable year in which contributed, or employer contributions under a simplified employee pension plan to the extent such contributions are deductible by the Employee or any distributions from a plan
of deferred compensation; 

        (II)  Amounts realized from the exercise of a non-qualified stock option or when restricted stock or property held
by the Employee is no longer subject to a substantial risk of forfeiture or becomes freely transferable. 

      (III)  Amounts realized from the sale, exchange or other disposition of stock acquired under an incentive stock option; and 

      (IV)  Other amounts which received special tax benefits or contributions made by the Employer (whether or not under a salary
reduction agreement) towards the purchase of an annuity contract described in Section 403(b) of the Code (whether or not the contributions are actually excludable from the gross income of the
Employee). 

For
any self-employed individual, Compensation shall mean earned income. For limitation years beginning after December 31, 1991, for purposes of applying the limitations of this
Article, Compensation for a Limitation Year is the Compensation actually paid or made available during such Limitation Year. 

Notwithstanding
the preceding sentence, Compensation for a Participant who is permanently and totally disabled (as defined in section 22(e)(3) of the Code) is the compensation such Participant
would have received for the Limitation Year if the Participant had been paid at the rate of compensation paid immediately before becoming permanently and totally disabled; 

43

 

such imputed compensation for the disabled Participant may be taken into account only if the Participant is not a Highly Compensated Employee and contributions made on behalf of such Participant are
nonforfeitable when made. 

        (i)    Short Limitation Year.    If the Limitation Year is amended to
a different twelve (12) consecutive month period, the new Limitation Year must begin within the Limitation Year in which the amendment is made. If a short Limitation Year is created because of
an amendment changing the Limitation Year to a different twelve (12) consecutive month period, the maximum annual addition shall not exceed the defined contribution dollar limitation determined
in accordance with Section 415(c)(1)(A) of the Code then in effect multiplied by a fraction, the numerator of which is the number of months in the short Limitation Year and the denominator of
which is twelve (12). 

        3.2.2    Controlled Businesses.    If this plan provides contributions or benefits for one or
more owner-employees who control both the business for which this plan is established and one or more other trades or businesses, this plan and the plan established for other trades or businesses
must, when looked at as a single plan, satisfy sections 401(a) and (d) for the employees of this and all other trades or businesses. 

If
the plan provides contributions or benefits for one or more owner-employees who control one or more other trades or businesses, the employees of the other trades or businesses must be included in a
plan which satisfies sections 401(a) and (d) and which provides contributions and benefits not less favorable than provided for owner-employees under this plan. 

If
an individual is covered as an owner-employee under the plans of two or more trades or businesses which are not controlled and the individual controls a trade or business, then the contributions or
benefits of the employees under the plan of the trades or businesses which are controlled must be as favorable as those provided for him under the most favorable plan of the trade or business which is
not controlled. 

For
purposes of the preceding paragraphs, an owner-employee, or two or more owner-employees, will be considered to control a trade or business if the owner-employee, or two or more owner-employees
together: 

        (a)  own the entire interest in an unincorporated trade or business, or 

        (b)  in the case of a partnership, own more than 50 percent of either the capital interest or the profits interest in
the partnership. 

For
purposes of the preceding sentence, an owner-employee, or two or more owner-employees shall be treated as owning any interest in a partnership which is owned, directly or indirectly, by a
partnership which such owner-employee, or such two or more owner-employees, are considered to control within the meaning of the preceding sentence. 

ARTICLE III  

 FIDUCIARIES  

        3.3.1    Standard of Conduct.    The duties and responsibilities of the Plan Administrator and
the Trustee with respect to the Plan shall be discharged (a) in a non-discriminatory manner; (b) for the exclusive benefit of Participants and their Beneficiaries;
(c) by defraying the reasonable expenses of administering the Plan; (d) with the care, skill, prudence, and diligence under the circumstances then prevailing that a prudent man acting in
a like capacity and familiar with such matters would use in the conduct of an enterprise of a like character and with like aims; (e) by diversifying the investments of the Plan so as to
minimize the risk of large losses, unless under the circumstances it is clearly prudent 

44

 

not to do so; and (f) in accordance with the documents and instruments governing the Plan insofar as such documents and instruments are consistent with the provisions of the Act. 

        3.3.2    Individual Fiduciaries.    At any time that a group of individuals is acting as Plan
Administrator or Trustee, the number of such persons who shall act in such capacity from time to time shall be determined by the Employer. Such persons shall be appointed by the Employer and may or
may not be Participants or Employees of the Employer. Any action taken by a group of individuals acting as either Plan Administrator or Trustee shall be taken at the direction of a majority of such
persons, or, if the number of such persons is two (2), by unanimous consent. 

        3.3.3    Disqualification from Service.    No person shall be permitted to serve as a
Fiduciary, custodian, counsel, agent or employee of the Plan or as a consultant to the Plan who has been convicted of any of the criminal offenses specified in the Act. 

        3.3.4    Bonding.    Except as otherwise permitted by law, each Fiduciary or person who
handles funds or other property or assets of the Plan shall be bonded in accordance with the requirements of the Act. 

        3.3.5    Prior Acts.    No Fiduciary shall be liable for any acts occurring prior to the
period of time during which the Fiduciary was actually serving in such capacity with respect to the Plan. 

        3.3.6    Insurance and Indemnity.    The Employer may purchase or cause the Trustee to
purchase and keep current as an authorized expense liability insurance for the Plan, its Fiduciaries, and any other person to whom any financial responsibility with respect to the Plan and Trust is
allocated or delegated, from and against any and all liabilities, costs and expenses incurred by such persons as a result of any act or omission to act in connection with the performance of the
duties, responsibilities and obligations under the Plan and under the Act; provided that any such insurance policy purchased with Plan assets permits subrogation by the insurer against the Fiduciary
in the case of breach by such Fiduciary. Unless otherwise determined and communicated to affected parties by the Employer, the Employer shall indemnify and hold harmless each such person, other than a
corporate trustee, for and from any such liabilities, costs and expenses which are not covered by any such insurance, except to the extent that any such liabilities, costs or expenses are judicially
determined to be due to the gross negligence or willful misconduct of such person. No Plan assets may be used for any such indemnification. 

        3.3.7    Expenses.    Expenses incurred by the Plan Administrator or the Trustee in the
administration of the Plan and the Trust, including fees for legal services rendered, such compensation to the Trustee as may be agreed upon in writing from time to time between the Employer and the
Trustee, and all other proper charges and expenses of the Plan Administrator or the Trustee and of their agents and counsel shall be paid by the Employer, or at its election at any time or from time
to time, may be charged against the assets of the Trust, but until so paid shall constitute a charge upon the assets of the Trust. 

The
Trustee shall have the authority to charge the Trust Fund for its compensation and reasonable expenses unless paid or contested by written notice by the Employer within sixty (60) days
after mailing of the written billing by the Trustee. All taxes of any and all kinds whatsoever which may be levied or assessed under existing or future laws upon the assets of the Trust or the income
thereof shall be paid from such assets. Notwithstanding the foregoing, no compensation shall be paid to any Employee for services rendered under the Plan and Trust as a Trustee. 

        3.3.8    Agents, Accountants and Legal Counsel.    The Plan Administrator shall have authority
to employ suitable agents, custodians, investment counsel, accountants and legal counsel who may, but need not be, legal counsel for the Employer. The Plan Administrator and the Trustee shall be fully
protected in acting upon the advice of such persons. The Trustee shall at no time be obliged to institute 

45

 

any legal action or to become a party to any legal action unless the Trustee has been indemnified to the Trustee's satisfaction for any fees, costs and expenses to be incurred in connection
therewith. 

        3.3.9    Investment Manager.    The Employer may employ as an
investment manager or managers to manage all or any part of the Trust Fund any (i) investment advisor registered under the Investment Advisors Act of 1940;
(ii) bank as defined in said Act; or (iii) insurance company qualified to perform investment management services in more than one state. Any investment manager shall have all powers of
the
Trustee in the management of such part of the Trust Fund, including the power to acquire or dispose of assets. In the event an investment manager is so appointed, the Trustee shall not be liable for
the acts or omissions of such investment manager or be under any obligation to invest or otherwise manage that part of the Trust Fund which is subject to the management of the investment manager. The
Employer shall notify the Trustee in writing of any appointment of an investment manager, and shall provide the Trustee with the investment manager's written acknowledgment that it is a fiduciary with
respect to the Plan. 

        3.3.10    Finality of Decisions or Acts.    Except for the right of a Participant or
Beneficiary to appeal the denial of a claim, any decision or action of the Plan Administrator or the Trustee made or done in good faith upon any matter within the scope of authority and discretion of
the Plan Administrator or the Trustee shall be final and binding upon all persons. In the event of judicial review of actions taken by any Fiduciary within the scope of his duties in accordance with
the terms of the Plan and Trust, such actions shall be upheld unless determined to have been arbitrary and capricious. 

        3.3.11    Certain Custodial Accounts and Contracts.    The term "Trustee" as used herein will
also include a person holding the assets of a custodial account, an annuity contract or other contract which is treated as a qualified trust pursuant to Section 401(f) of the Code and
references to the Trust Fund shall be construed to apply to such custodial account, annuity contract or other contract. 

ARTICLE IV  

 PLAN ADMINISTRATOR  

        3.4.1    Administration of Plan.    The Plan Administrator shall be designated by the Employer
from time to time. The primary responsibility of the Plan 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 Plan Administrator shall administer the Plan and shall construe and determine all questions of interpretation or policy in a manner consistent with the Plan and the Adoption
Agreement. The Plan Administrator may correct any defect, supply any omission, or reconcile any inconsistency in such manner and to such extent as he shall deem necessary or advisable to carry out the
purpose of the Plan; provided, however, that any interpretation or construction shall be done in a nondiscriminatory manner and shall be consistent with the intent that the Plan shall continue to be a
qualified Plan pursuant to the Code, and shall comply with the terms of the Act. The Plan Administrator shall have all powers necessary or appropriate to accomplish his duties under the Plan. 

        (a)  The Plan Administrator shall be charged with the duties of the general administration of the Plan, including but not
limited to the following: 

        (1)  To determine all questions relating to the eligibility of an Employee to participate in the Plan or to remain a
Participant hereunder. 

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

        (3)  To authorize and direct the Trustee with respect to all disbursements from the Trust Fund. 

        (4)  To maintain all the necessary records for the administration of the Plan. 

46

 

        (5)  To interpret the provisions of the Plan and to make and publish rules and regulations for the Plan as the Plan
Administrator may deem reasonably necessary for the proper and efficient administration of the Plan and consistent with its terms. 

        (6)  To select the insurer to provide any Life Insurance Policy to be purchased for any Participant hereunder. 

        (7)  To advise the Fiduciary with investment authority regarding the short and long-term liquidity needs of the
Plan in order that the Fiduciary might direct its investment accordingly. 

        (8)  To advise, counsel and assist any Participant regarding any rights, benefits or elections available under the Plan. 

        (9)  To instruct the Trustee as to the management, investment and reinvestment of the Trust Fund unless the investment
authority has been delegated to the Trustee or an Investment Manager. 

        (b)  The Plan Administrator shall also be responsible for preparing and filing such annual disclosure reports and tax forms as
may be required from time to time by the Secretary of Labor, the Secretary of the Treasury or other governmental authorities. 

        (c)  Whenever it is determined by the Plan Administrator to be in the best interest of the Plan and its Participants or
Beneficiaries, the Plan Administrator may request such variances, deferrals, extensions, or exemptions or make such elections for the Plan as may be available under the law. 

        (d)  The Plan Administrator shall be responsible for procuring bonding for all persons dealing with the Plan or its assets as
may be required by law. 

        (e)  In the event this Plan is required to file reports or pay premiums to the Pension Benefit Guaranty Corporation, the Plan
Administrator shall have the duty to prepare and make such filings, to pay any premiums required, whether for basic or contingent liability coverage, and shall be charged with the responsibility of
notifying all necessary parties of such events and under such circumstances as may be required by law. 

        3.4.2    Disclosure Requirements.    Every Participant covered under the Plan and every
Beneficiary receiving benefits under the Plan shall receive from the Plan Administrator a summary plan description, and such other information as may be required by law or by the terms of the Plan. 

        3.4.3    Information Generally Available.    The Plan Administrator shall make copies of this
Plan and Trust, the Adoption Agreement, the summary plan description, latest annual report, Life Insurance Policies, or other instruments under which the Plan was established or is operated available
for examination by any Participant or Beneficiary in the principal office of the Plan Administrator and such other locations as may be necessary to make such information reasonably accessible to all
interested parties. Subject to a reasonable charge to defray the cost of furnishing such copies, the Plan Administrator shall, upon written request of any Participant or Beneficiary, furnish a copy of
any of the above documents to the respective party. 

        3.4.4    Statement of Accrued Benefit.    Upon written request to the Plan Administrator once
during any twelve (12) month period, a Participant or Beneficiary shall be furnished with a written statement, based on the latest available information, of his then vested accrued benefit and
the earliest date upon which the same will become fully vested and nonforfeitable. The statement shall also include a notice to the Participant of any benefits which are forfeitable if the Participant
dies before a certain date. 

        3.4.5    Explanation of Rollover Treatment.    The Plan Administrator shall, when making a
distribution eligible for rollover treatment, provide a written explanation to the recipient of the provisions under which such distribution will not be subject to tax if transferred to an eligible
retirement plan within 

47

 

sixty (60) days after the date on which the recipient received the distribution and, if applicable, the provisions of law pertaining to the tax treatment of lump sum distributions. 

ARTICLE V  

 TRUSTEE  

        3.5.1    Acceptance of Trust.    The Trustee, by joining in the execution of the Adoption
Agreement to the Plan, agrees to act in accordance with the express terms and conditions hereof. 

        3.5.2    Trustee Capacity—Co-Trustees.    The Trustee may be a bank,
trust company or other corporation possessing trust powers under applicable state or federal law or one or more individuals or any combination thereof. When there are two or more Trustees, they may
allocate specific responsibilities, obligations or duties among themselves by their written agreement. An executed copy of such written agreement shall be delivered to and retained by the Plan
Administrator. 

        3.5.3    Resignation, Removal, and Successors.    Any Trustee may resign at any time by
delivering to the Employer a written notice of resignation to take effect at a date specified therein, which shall not be less than thirty (30) days after the delivery thereof, the Employer may
waive such notice. The Trustee may be removed by the Employer with or without cause, by tendering to the Trustee a written notice of removal to take effect at a date specified therein. Upon such
removal or resignation of a Trustee, the Employer shall either appoint a successor Trustee who shall have the same powers and duties as those conferred upon the resigning or discharged Trustee, or, if
a group of individuals is acting as Trustee, determine that a successor shall not be appointed and the number of Trustees shall be reduced by one (1). 

        3.5.4    Consultations.    The Trustee shall be entitled to advice of counsel, which may be
counsel for the Plan or the Employer, in any case in which the Trustee shall deem such advice necessary. The Trustee shall not be liable for any action taken or omitted in good faith reliance upon the
advice of such counsel. With the exception of those powers and duties specifically allocated to the Trustee by the express terms of the Plan, it shall not be the responsibility of the Trustee to
interpret the terms of the Plan and the Trustee may request, and is entitled to receive, guidance and written direction from the Plan Administrator on any point requiring construction or
interpretation of the Plan documents. 

        3.5.5    Rights, Powers and Duties.    The rights, powers and duties of the Trustee shall be
as follows: 

        (a)  The Trustee shall be responsible for the safekeeping of the assets of the Trust Fund in accordance with the provisions of
the Plan and any amendments hereto. The duties of the Trustee under the Plan shall be determined solely by the express provisions hereof and no other further duties or responsibilities shall be
implied. Subject to the terms of this Plan, the Trustee shall be fully protected and shall incur no liability in acting in reliance upon the written instructions or directions of the Employer, the
Plan Administrator, a duly designated investment manager, or any other named Fiduciary. 

        (b)  The Trustee shall have all powers necessary or convenient for the orderly and efficient performance of its duties
hereunder, including but not limited to those specified in this Section. The Trustee shall have the power generally to do all acts, whether or not expressly authorized, which the Trustee in the
exercise of its fiduciary responsibility may deem necessary or desirable for the protection of the Trust Fund and the assets thereof. 

        (c)  The Trustee shall have the power to collect and receive any and all monies and other property due hereunder and to give
full discharge and release therefore; to settle, compromise or submit to arbitration any claims, debts or damages due to or owing to or from the Trust Fund; to commence or defend suits or legal
proceedings wherever, in the Trustee's judgment, any interest of the Trust Fund requires it; and to represent the Trust Fund in all suits or legal proceedings in any court of law or equity or before
any other body or tribunal. 

48

 

        (d)  The Trustee shall cause any Life Insurance Policies or assets of the Trust Fund to be registered in its name as Trustee
and shall be authorized to exercise any and all ownership rights regarding these assets, subject to the terms of the Plan. 

        (e)  The Trustee may temporarily hold cash balances and shall be entitled to deposit any funds received in a bank account in
the name of the Trust Fund in any bank selected by the Trustee, including the banking department of a corporate Trustee, if any, pending disposition of such funds in accordance with the Plan. Any such
deposit may be made with or without interest. 

        (f)    The Trustee shall pay the premiums and other charges due and payable at any time on any Life Insurance Policies as it may
be directed by the Plan Administrator, provided funds for such payments are then available in the Trust. The Trustee shall be responsible only for such funds and Life Insurance Policies as shall
actually be received by it as Trustee hereunder, and shall have no obligation to make payments other than from such funds and cash values of Life Insurance Policies. 

        (g)  If the whole or any part of the Trust Fund shall become liable for the payment of any estate, inheritance, income or
other tax which the Trustee shall be required to pay, the Trustee shall have full power and authority to pay such tax out of any monies or other property in its hands for the account of the person
whose interest hereunder is so liable. Prior to making any payment, the Trustee may require such releases or other documents from any lawful taxing authority as it shall deem necessary. The Trustee
shall not be liable for any nonpayment of tax when it distributes an interest hereunder on instructions from the Plan Administrator. 

        (h)  The Trustee shall keep a full, accurate and detailed record of all transactions of the Trust which the Employer and the
Plan Administrator shall have the right to examine at any time during the Trustee's regular business hours: As of the close of each Plan Year, the Trustee shall furnish the Plan Administrator with a
statement of account setting forth all receipts, disbursements and other transactions effected by the Trustee during the year. The Plan Administrator shall promptly notify the Trustee in writing of
his approval or disapproval of the account. The Plan Administrator's failure to disapprove the account within sixty (60) days after receipt shall be considered an approval. Except as otherwise
required by law, the approval by the Plan Administrator shall be binding as to all matters embraced in any statement to the same extent as if the account of the Trustee had been settled by judgment or
decree of a court of competent jurisdiction under which the Trustee, Employer and all persons having or claiming any interest in the Trust Fund were parties; provided, however, that the Trustee may
have its account judicially settled if it so desires. 

        (i)    The Trustee is hereby authorized to execute all necessary receipts and releases to any parties concerned. 

        (j)    If, at any time, as the result of the death of the Participant there shall be a dispute as to the person to whom payment
or delivery of monies or property should be made by the Trustee, or regarding any action to be taken by the Trustee, the Trustee may postpone such payment, delivery or action, retaining the funds or
property involved, until such dispute shall have been resolved in a court of competent jurisdiction or the Trustee shall have been indemnified to its satisfaction or until it has received written
direction from the Plan Administrator. 

        (k)  Anything in this instrument to the contrary notwithstanding, the Trustee shall have no duty or responsibility with
respect to the determination of matters pertaining to the eligibility of any Employee to become or remain a Participant hereunder, the amount of benefit to which any Participant or Beneficiary shall
be entitled hereunder, or the size and type of any Life Insurance Policy to be purchased from any Insurer for any Participant hereunder; all such responsibilities being vested in the Plan
Administrator. 

49

   
        3.5.6    Trustee Indemnification.    The Employer shall indemnify and hold
harmless the
Trustee for and from the assertion or occurrence of any liability to a Participant or Beneficiary for any action taken or omitted by the Trustee pursuant to any written direction to the Trustee from
the Employer or the Plan Administrator. Such indemnification obligation of the Employer shall not be applicable to the extent that any such liability is covered by insurance. 

        3.5.7    Changes in Trustee Authority.    If a successor Trustee is appointed, neither an
insurer nor any other person who has previously had dealings with the Trustee shall be chargeable with knowledge of such appointment or such change until furnished with notice thereof. Until such
notice, the insurer and any other such party shall be fully protected in relying on any action taken or signature presented which would have been proper in accordance with that information previously
received. 

ARTICLE VI  

 TRUST ASSETS  

        3.6.1    Trustee Exclusive Owner.    All assets held by the Trustee, whether in the Trust Fund
or Segregated Funds, shall be owned exclusively by the Trustee and no Participant or Beneficiary shall have any individual ownership thereof. Participants and their Beneficiaries shall share in the
assets of the Trust, its net earnings, profits and losses, only as provided in this Plan. 

        3.6.2    Investments.    The Trustee shall invest and reinvest the Trust Fund without
distinction between income or principal in one or more of the following ways as the Trustee shall from time to time determine: 

        (a)  The
Trustee may invest the Trust Fund or any portion thereof in obligations issued or guaranteed by the United States of America or of any instrumentalities thereof, or
in other bonds, notes, debentures, mortgages, preferred or common stocks, options to buy or sell stocks or other securities, mutual fund shares, limited partnership interests, commodities, real estate
or any interest therein, or in such other property, real or personal, as the Trustee shall determine. 

        (b)  The
Trustee may cause the Trust Fund or any portion thereof to be invested in a common trust fund established and maintained by a national or other bank for the
collective investment of fiduciary funds even though the bank is acting as the Trustee or Investment Manager, providing such common trust fund is a qualified trust under the applicable section of the
Code, or corresponding provisions of future federal internal revenue laws and is exempt from income tax under the applicable section of the Code. In the event any assets of the Trust Fund are invested
in such a common trust fund, the Declaration of Trust creating such common trust fund, as it may be amended from time to time, shall be incorporated into this Plan by reference and made a part hereof. 

        (c)  The
Trustee may deposit any portion of the Trust Fund in savings accounts in federally insured banks or savings and loan associations or invest in certificates of
deposit issued by any such bank or savings and loan association. The Trustee may, without liability for interest, retain any portion of the Trust Fund in cash balances pending investment thereof or
payment of expenses. 

        (d)  The
Trustee may buy and sell put and call options, covered or uncovered, engage in spreads, straddles, ratio writing and other forms of options trading, including sales
of options against convertible bonds, and sales of Standard & Poor futures contracts, and trade in and maintain a brokerage account on a cash or margin basis. 

        (e)  The
Trustee may invest any portion or all of the assets of the Trust Fund which are attributable to the vested and nonforfeitable interest in the Accounts of a
Participant in the 

50

 

purchase of group or individual Life Insurance Policies Issued on the life of and for the benefit of the Participant with the consent of the Participant, subject to the following conditions: 

          (i)  The
aggregate premiums paid for ordinary whole Life Insurance Policies with both nondecreasing death benefits and nonincreasing premiums on the life of any Participant
shall not at any time exceed forty-nine percent (49%) of the aggregate amount of Employer contributions which have been allocated to the Accounts of such Participant. 

        (ii)  The
aggregate Premiums paid for Life Insurance Policies on the life of any Participant which are either term, universal or any other contracts which are not ordinary
whole life Policies shall not at any time exceed twenty-five percent (25%) of the aggregate amount of Employer contributions which have been allocated to the Accounts of such Participant. 

        (iii)  The
sum of one-half of the aggregate premiums for ordinary whole Life Insurance Policies and all premiums for other Life Insurance Policies shall not at
any time exceed twenty-five percent (25%) of the aggregate amount of Employer contributions which have been allocated to the Accounts of such Participant. 

        (iv)  If
the Plan permits in-service distributions to a Participant prior to his Normal Retirement Date in accordance with Section 2.5.6(a) or
(b) and the Plan does not take into account contributions to provide benefits under Social Security in the allocation of contributions by the Employer, the amount which may be distributed to
the Participant may be applied to the purchase of Life Insurance Policies. 

        (f)    The
Trustee may invest the Trust Fund or any portion thereof to acquire or hold Qualifying Employer Securities or Real Property, provided that the portion so Invested
shall not exceed the amount allowed as an investment under the Act. 

        3.6.3    Administration of Trust Assets.    Subject to the limitations herein expressly set
forth, the Trustee shall have the following powers and authority in connection with the administration of the assets of the Trust: 

        (a)  To
hold and administer all contributions made by the Employer to the Trust Fund and all income or other property derived therefrom as a single Trust Fund, except as
otherwise provided in the Plan. 

        (b)  To
manage, control, sell, convey, exchange, petition, divide, subdivide, improve, repair, grant options, sell upon deferred payments, lease without limit as determined
for any purpose, compromise, arbitrate or otherwise settle claims in favor of or against the Trust Fund, institute, compromise and defend actions and proceedings, and to take any other action
necessary or desirable in connection with the administration of the Trust Fund. 

        (c)  To
vote any stock, bonds, or other securities of any corporation or other issuer; otherwise consent to or request any action on the part of any such corporation or other
issuer; to give general or special proxies or powers of attorney, with or without power of substitution; to participate in any reorganization, recapitalization, consolidation, merger or similar
transaction with respect to such securities; to deposit such stocks or other securities in any voting trusts, or with any protective or like committee, or with the trustee, or with the depositories
designated thereby; to exercise any subscription rights and conversion privileges or other options and to make any payments incidental thereto; and generally to do all such acts, execute all such
instruments, take all such proceedings and exercise all such rights, powers and privileges with respect to the stock or other securities or property constituting the Trust Fund as if the Trustee were
the absolute owner thereof. 

        (d)  To
apply for and procure, at the election of any Participant, Life Insurance Policies on the life of the Participant; to exercise whatever rights and privileges may be
granted to the Trustee 

51

 

under such Policies, and to cash in, receive and collect such Policies or the proceeds therefrom as and when entitled to do so under the provisions thereof; 

        (e)  To
make, execute, acknowledge and deliver any and all documents of transfer and conveyance and any and all other instruments that may be necessary or appropriate to
carry out the powers herein granted; 

        (f)    To
register any investment held in the Trust in the Trustee's own name or in the name of a nominee and to hold any investment in bearer form, but the books and records
of the Trustee shall at all times show that all such investments are part of the Trust; 

        (g)  To
borrow money for the purposes of the Plan in such amounts and upon such terms and conditions as the Trustee deems appropriate; 

        (h)  To
commingle the assets of the Trust Fund with the assets of other similar trusts which are exempt from income tax, whether sponsored by the Employer, an affiliate of
the Employer or an unrelated employer, provided that the books and records of the Trustee shall at all times show the portion of the commingled assets which are part of the Trust; and 

        (i)    To
do all acts whether or not expressly authorized which the Trustee may deem necessary or proper for the protection of the property held hereunder. 

        3.6.4    Segregated Funds.    Unless otherwise determined by the Trustee to be prudent, the
Trustee shall invest and reinvest each Segregated Fund without distinction between income or principal in one or more appropriately identified interest-bearing accounts or certificates of deposit in
the name of the Trustee and subject solely to the dominion of the Trustee in a banking institution (which may or may not be the Trustee, if the Trustee is a banking institution) or savings and loan
association. 

Any
such account or certificate shall bear interest at a rate not less than the rate of interest currently being paid upon regular savings accounts by that banking corporation principally situated in
the community in which the Employer has its principal business location, which has capital, surplus and undivided profits exceeding those of any other bank so situated. Such accounts shall be held for
the benefit of the Participant for whom such Segregated Fund is established in accordance with the terms of the Plan and the Segregated Account of the Participant shall be credited with any interest
earned in connection with such accounts. If the Trustee determines that an alternative investment is appropriate, the Trustee may invest the Segregated Fund in any manner permitted with respect to the
Trust Fund and such Segregated Fund shall be credited with the net income or loss or net appreciation or depreciation in value of such investments. No Segregated Fund shall share in any Employer
contributions or forfeitures, any net income or loss from, or net appreciation or depreciation in value of, any investments of the Trust Fund, or any allocation for which provision is made in this
Plan which is not specifically attributable to the Segregated Fund. 

        3.6.5    Investment Control Option.    If the Employer elects in the Adoption Agreement to
permit Participants to direct the investment of their Accounts, each Participant may elect to have transferred to a Segregated Fund and exercise investment control by appropriate direction to the
Trustee with respect to funds in the Trust Fund which do not exceed the balances in his Accounts. To the extent that the balance in the Participant's Account with respect to which a transfer is to be
made includes his share of an Employer contribution which has not been received by the Trustee, such transfer shall not be made until such contribution is received by the Trustee. Funds so transferred
to a Segregated Fund on behalf of the Participant shall be thereafter invested by the Trustee in such bonds, notes, debentures, commodities, mortgages, equipment trust certificates, investment trust
certificates, preferred or common stocks, partnership interests, life insurance policies, including universal life insurance policies, or in such other property, real or personal (other than
collectibles), wherever situated, as the Participant shall direct from time to time in writing; provided, however, that the Participant may not direct the Trustee to make loans to himself, nor to make
loans to the Employer; and provided further 

52

 

that the Trustee may limit the investment alternatives available to the Participant in a uniform and nondiscriminatory manner but taking into account whether the interest of the Participant is fully
vested and nonforfeitable. Any such election shall be made by the Participant giving notice thereof to the Trustee as the Trustee deems necessary and such notice shall specify the amount of such funds
to be transferred and the Account from which the transfer is to be made. Any such election shall be at the absolute discretion of the individual Participant and shall be binding upon the Trustee. Upon
any such election being made, the amount of such funds to be transferred shall be deducted from his Account as appropriate and added to a Controlled Account of the Participant. All dividends and
interest thereafter received with respect to such transferred funds, as well as any appreciation or depreciation in his investments, shall be added to or deducted from his Controlled Account. 

If
a Participant wishes to make such an election to transfer funds from the Trust Fund to a Segregated Fund as of a date other than a Valuation Date, the Trustee may defer such transfer until the next
succeeding Valuation Date or, in the Trustee's discretion, make such transfer, provided that the Trustee determines that the nature of the assets in the Trust Fund is such that it is feasible and
practical to make, as of the date of such transfer, the adjustments to Participants' Accounts for which provision is made in the Plan, as if such date is a Valuation Date. 

The
Trustee shall not have any investment responsibility with respect to a Participant's Segregated Fund. In the event that a Participant elects to have any such funds transferred to a Segregated Fund
and invested in particular securities or assets pursuant to this Section, the Trustee shall not be liable for any loss or damage resulting from the investment decision of the Participant. As of any
Valuation Date, the Participant may elect to have all or any portion of any cash contained in his Segregated Fund transferred back to the Trust Fund, in which case such cash shall be invested by the
Trustee together with other assets held in the Trust Fund. Any such election shall be made by giving notice thereof to the Trustee as the Trustee deems necessary, and the notice shall specify the
amount of cash to be transferred. 

As
of the said Valuation Date, the amount of such funds to be so transferred which is attributable to the balance in the Participant's Controlled Account shall be deducted from such Account and added
to the appropriate Account of the Participant. 

ARTICLE VII  

 LOANS  

        3.7.1    Authorization.    If the Employer elects in the Adoption Agreement to permit loans to
Participants or Beneficiaries, the Trustee shall establish a participant loan program in compliance with Labor Regulation section 2550.408b. The terms of such participant loan program shall be
in writing and shall constitute part of the Plan. Such terms shall Include: 

        (a)  The
identity of the person or positions authorized to administer the participant loan program; 

        (b)  A
procedure for applying for loans; 

        (c)  The
basis on which loans will be approved or denied; 

        (d)  Limitations
(if any) on the types and amount of loans offered; 

        (e)  The
procedure under the program for determining a reasonable rate of interest; 

        (f)    The
types of collateral which may secure a participant loan; and 

        (g)  The
events constituting default and the steps that will be taken to preserve plan assets in the event of default. 

53

 

        3.7.2    Spousal Consent.    A Participant must obtain the written consent of his spouse, if
any, to the use of the Participant's interest in the Plan as security for the loan within ninety (90) days before the date on
which the loan is to be so secured. A new consent must be obtained whenever the amount of the loan is increased or if the loan is renegotiated, extended, renewed or otherwise revised. The form of the
consent must acknowledge the effect of such consent and be witnessed by a Plan representative or a notary public but shall be deemed to meet any such requirements relating to the consent of any
subsequent spouse. Such consent shall thereafter be binding with respect to the consenting spouse or any subsequent spouse with respect to that loan. 

If
a valid spousal consent has been obtained, then notwithstanding any other provision of the Plan, the portion of the Participant's vested Account balance used as a security interest held by the Plan
by reason of a loan outstanding to the Participant shall be taken into account for purposes of determining the amount of the Account balance payable at the time of death or distribution but only if
the reduction is used as repayment of the loan. If less than the entire amount of the Participant's vested Account balance (determined without regard to the preceding sentence) is payable to the
surviving spouse, the Account balance shall be adjusted by first reducing the vested Account balance by the amount of the security used as repayment of the loan and then determining the benefit
payable to the surviving spouse. 

        3.7.3    Limitations.    Except to the extent provided in the participant loan program, in no
event shall the amount loaned to any Participant or Beneficiary exceed the lesser of (a) fifty thousand dollars ($50,000.00) (reduced by the excess, if any, of the highest outstanding balance
of loans from the Plan) during the one year period ending on the day before the date on which the loan was made over the outstanding balance of loans from the Plan on the date on which such loan was
made) or (b) one-half of the sum of the vested and nonforfeitable interest in his Accounts, determined as of the Valuation Date coinciding with or immediately preceding such loan.
For the purposes hereof, all loans from all plans of the Employer and other members of a group of employers described in Sections 414(b), (c), (m) and (o) of the Code shall be aggregated. All
loans must be adequately secured and bear a reasonable interest rate. No Participant loan shall exceed the present value of the Participant's vested Account balance. In the event of a default,
foreclosure on the note evidencing the loan and attachment of the security shall not occur until a distributable event occurs. 

        3.7.4    Availability.    Loans, if any, must be available to all Participants and
Beneficiaries without regard to any individual's race, color, religion, sex, age or national origin. Loans shall be made available to all Participants and Beneficiaries and loans shall not be made
available to Highly Compensated Employees in an amount greater than the amount made available to other employees. 

        3.7.5    Prohibitions.    A loan shall not be made to a five (5%) percent or greater
shareholder-employee of an S corporation, an owner of more than ten (10%) percent of either the capital interest or the profits interest of an unincorporated Employer, a family member (as defined in
section 267(c)(4) of the Code) of such persons, or a corporation controlled by such persons through the ownership, directly or indirectly, of fifty (50%) percent or more of the total voting
power or value of all shares of all classes of stock of the corporation, unless an exemption for the loan is obtained pursuant to section 408 of the Act. 

ARTICLE VIII  

 BENEFICIARIES  

        3.8.1    Designation of Beneficiaries.    Each Participant shall have the right to designate a
Beneficiary or Beneficiaries and contingent or successive Beneficiaries to receive any benefits provided by this Plan which become payable upon the Participant's death. The Beneficiaries may be
changed at any time or times by the filing of a new designation with the Plan Administrator, and the most recent designation shall govern. Notwithstanding the foregoing and subject to the provisions
of Section 2.5.2(e)(3), the 

54

 

designated Beneficiary shall be the surviving spouse of the Participant, unless such surviving spouse consents in writing to an alternate designation and the terms of such consent acknowledge the
effect of such alternate designation and the consent is witnessed by a representative of the Plan or by a notary public. A spouse may not revoke the consent without the approval of the Participant.
The designation of a Beneficiary other than the spouse of the Participant or a form of benefits with the consent of such spouse may not be changed without the consent of such spouse and any consent
must acknowledge the specific non-spouse Beneficiary, including any class of Beneficiaries or any contingent Beneficiaries. 

        3.8.2    Absence or Death of Beneficiaries.    If a Participant dies without having a
beneficiary designation then in force, or if all of the Beneficiaries designated by a Participant predecease him, his Beneficiary shall be his surviving spouse, or if none, his surviving children,
equally, or it none, such other heirs or the executor or administrator of his estate as the Plan Administrator shall select. 

If
a Participant dies survived by Beneficiaries designated by him and if all such surviving Beneficiaries thereafter die before complete distribution of such deceased Participant's interest, the
estate of the last of such designated Beneficiaries to survive shall be deemed to be the Beneficiary of the undistributed portion of such interest. 

        3.8.3    Surviving Spouse Election.    If the Plan is designated in the Adoption Agreement as
a Cash or Deferred Profit Sharing Plan or a Profit Sharing Plan and the Employer does not elect a life annuity form of distribution in the Adoption Agreement, a surviving spouse, who has not consented
to an alternate designation under Section 3.8.1, above, may elect to have distribution of the Participant's vested Account balance commence within the 90-day period following the
date of the Participant's death. The Account balance shall be adjusted for gains or losses occurring after the Participant's death in accordance with the provisions of the Plan governing the
adjustment of account balances for other types of distributions. 

ARTICLE IX  

 CLAIMS  

        3.9.1    Claim Procedure.    Any Participant or Beneficiary who is entitled to a payment of a
benefit for which provision is made in this Plan shall file a written claim with the Plan Administrator on such forms as shall be furnished to him by the Plan Administrator and shall furnish
such evidence of entitlement to benefits as the Plan Administrator may reasonably require. The Plan Administrator shall notify the Participant or Beneficiary in writing as to the amount of benefit to
which he is entitled, the duration of such benefit, the time the benefit is to commence and other pertinent information concerning his benefit. If a claim for benefit is denied by the Plan
Administrator, in whole or in part, the Plan Administrator shall provide adequate notice in writing to the Participant or Beneficiary whose claim for benefit has been denied within ninety
(90) days after receipt of the claim unless special circumstances require an extension of time for processing the claim. If such an extension of time for processing is required, written notice
indicating the special circumstances and the date by which a final decision is expected to be rendered shall be furnished to the Participant or Beneficiary. In no event shall the period of extension
exceed one hundred eighty (180) days after receipt of the claim. The notice of denial of the claim shall set forth (a) the specific reason or reasons for the denial; (b) specific
reference to pertinent Plan provisions on which the denial is based; (c) a description of any additional material or information necessary for the claimant to perfect the claim and an
explanation of why such material or information is necessary; and (d) a statement that any appeal of the denial must be made by giving to the Plan Administrator, within sixty (60) days
after receipt of the notice of the denial, written notice of such appeal, such notice to include a full description of the pertinent issues and basis of the claim. The Participant or Beneficiary (or
his duly authorized representative) may review pertinent documents and submit issues and comments in writing to the Plan Administrator. If the Participant or Beneficiary fails to appeal such action to
the Plan Administrator in writing within the 

55

 

prescribed period of time, the Plan Administrator's adverse determination shall be final, binding and conclusive. 

        3.9.2    Appeal.    If the Plan Administrator receives from a Participant or a Beneficiary,
within the prescribed period of time, a notice of an appeal of the denial of a claim for benefit, such notice and all relevant materials shall immediately be submitted to the Employer. The Employer
may hold a hearing or otherwise ascertain such facts as it deems necessary and shall render a decision which shall be binding upon both parties. The decision of the Employer shall be made within sixty
(60) days after the receipt by the Plan Administrator of the notice of appeal, unless special circumstances require an extension of time for processing, in which case a decision of the Employer
shall be rendered as soon as possible but not later than one hundred twenty (120) days after receipt of the request for review. If such an extension of time is required, written notice of the
extension shall be furnished to the claimant prior to the commencement of the extension. The decision of the Employer shall be in writing, shall include specific reasons for the decision, written in a
manner calculated to be understood by the claimant, as well as specific references to the pertinent Plan provisions on which the decision is based and shall be promptly furnished to the claimant. 

ARTICLE X  

 AMENDMENT AND TERMINATION  

        3.10.1    Right to Amend.    

        (a)  The
Employer may at any time or times amend the Plan and the provisions of the Adoption Agreement, in whole or in part. Subject to subsection (b), an Employer
that amends the Plan shall no longer participate in this prototype plan and shall be considered to have an individually designed plan. 

        (b)  The
Employer may change the choice of options in the Adoption Agreement, add overriding language in the Adoption Agreement when such language is necessary to satisfy
Section 415 or 416 of the Code because of the required aggregation of multiple plans and add certain model amendments published by the Internal Revenue Service which specifically provide that
their adoption shall not cause the Plan to be treated as individually designed. An Employer that amends the Plan for any other reason, including a waiver of the minimum funding requirements under
Section 412(d) of the Code, shall no longer participate in this prototype plan and shall be considered to have an individually designed plan. 

An
Employer that has adopted a standardized regional prototype plan may amend the trust or custodial account document provided such amendment merely involves the specifications of the names of the
Plan, Employer, trustee or custodian, Plan Administrator or other fiduciaries, the trust year, or the name of any pooled trust in which the Plan's trust will participate. 

An
Employer that has adopted a non-standardized regional prototype plan will not be considered to have an individually designed plan merely because the Employer amends administrative
provisions of the trust or custodial account document (such as provisions relating to investments and duties of trustees) so long as the amended provisions are not in conflict with any other provision
of the Plan and do not cause the Plan to fail to qualify under Section 401(a) of the Code. 

        3.10.2    Manner of Amending.    Each amendment of this Plan shall be made by delivery to the
Trustee of a copy of the resolution of the Employer which sets forth such amendment. 

        3.10.3    Limitations On Amendments.    No amendment shall be made to this Plan which shall: 

        (a)  Directly
or indirectly operate to give the Employer any interest whatsoever in the assets of the Trust or to deprive any Participant or Beneficiary of his vested and
nonforfeitable interest in the assets of the Trust as then constituted, or cause any part of the income or corpus of the Trust 

56

 

to be used for, or diverted to purposes other than the exclusive benefit of Employees or their Beneficiaries; 

        (b)  Increase
the duties or liabilities of the Trustee without the Trustee's prior written consent; 

        (c)  Change
the vesting schedule under the Plan if the nonforfeitable percentage of the accrued benefit derived from Employer contributions (determined as of the later of the
date such amendment is adopted or the date such amendment becomes effective) of any Participant is less than such nonforfeitable percentage computed without regard to such amendment; or 

        (d)  Reduce
the accrued benefit of a Participant within the meaning of Section 411(d)(6) of the Code, except to the extent permitted under Section 412(c)(8) of
the Code. An amendment which has the effect of decreasing a Participant's account balance or eliminating an optional form of benefit with respect to benefits attributable to service before the
amendment shall be treated as reducing an accrued benefit. 

If
a Plan amendment changes the vesting schedule or 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 or from a top-heavy vesting schedule, each Participant who has completed three (3) or, in the case of Participants who do not have at least
one (1) Hour of Service in any Plan Year beginning after 1988, five (5) or more Years of Service may elect within a reasonable period after the adoption of such amendment to have his
nonforfeitable percentage computed without regard to such amendment or change. The period during which the election may be made shall commence with the date the amendment is adopted or deemed to be
made and shall end on the latest of sixty (60) days after: 

          (i)  the
amendment is adopted; 

        (ii)  the
amendment becomes effective; or 

        (iii)  the
Participant is issued written notice of the amendment by the Employer or Plan Administrator. 

        3.10.4    Voluntary Termination.    The Employer may terminate the Plan at any time by
delivering to the Trustee an instrument in writing which designates such termination. Following termination of the Plan, the Trust will continue until the Distributable Benefit of each Participant has
been distributed. 

        3.10.5    Involuntary Termination.    The Plan shall terminate if (a) the Employer is
dissolved or adjudicated bankrupt or insolvent in appropriate proceedings, or if a general assignment is made by the Employer for the benefit of creditors, or (b) the Employer loses its
identity by consolidation or merger into one or more corporations or organizations, unless within ninety (90) days after such consolidation or merger, such corporations or organizations elect
to continue the Plan. 

        3.10.6    Withdrawal By Employer.    The Employer may withdraw from participation under the
Plan without terminating the Trust upon making a transfer of the Trust assets to another Plan which shall be deemed to constitute an amendment in its entirety of the Trust. 

        3.10.7    Powers Pending Final Distribution.    Until final distribution of the assets of the
Trust, the Plan Administrator and Trustee shall continue to have all the powers provided under this Plan as are necessary for the orderly administration, liquidation and distribution of the assets of
the Trust. 

        3.10.8    Delegation to Sponsor.    The Employer expressly delegates authority to the Plan
Sponsor the right to amend any part of the Plan on its behalf to the extent necessary to preserve the qualified status of the Plan. For purposes of amendments by the Plan Sponsor, the Mass Submitter
shall be recognized as the agent of the Plan Sponsor. If the Plan Sponsor does not adopt the amendments made by the Mass Submitter, the Plan shall no longer be identical to or a minor modifier of the
mass submitter plan. The Plan Sponsor shall submit a copy of the amendment to each Employer who has 

57

 

adopted the Plan after first having received a ruling or favorable determination from the Internal Revenue Service that the Plan as amended satisfies the applicable requirements of the Code. The
Employer may revoke the authority of the Plan Sponsor to amend the Plan on its behalf by written notice to the Plan Sponsor of such revocation. 

ARTICLE XI  

 PORTABILITY  

        3.11.1    Continuance by Successor.    In the event of the dissolution, consolidation or
merger of the Employer, or the sale by the Employer of its assets, the resulting successor person or persons, firm or corporations may continue this Plan by (a) adopting the Plan by appropriate
resolution; (b) appointing a new Trustee as though the Trustee (including all members of a group of individuals acting as Trustee) had resigned; and (c) executing a proper agreement with
the new Trustee. In such event, each Participant in this Plan shall have an interest in the Plan after the dissolution, consolidation, merger, or sale of assets, at least equal to the interest which
he had in the Plan immediately before the dissolution, consolidation, merger or sale of assets. Any Participants who do not accept a position with such successor within a reasonable time shall be
deemed to be terminated. If, within ninety (90) days from the effective date of such dissolution, consolidation, merger, or sale of assets, such successor does not adopt this Plan, as provided
herein, the Plan shall automatically be terminated and deemed to be an involuntary termination. 

        3.11.2    Merger With Other Plan.    In the event of the merger or consolidation with, or
transfer of assets or liabilities to, any other deferred compensation plan and trust, each Participant shall have an interest in such other plan which is equal to or greater than the interest which he
had in this Plan immediately before such merger, consolidation or transfer, and if such other plan thereafter terminates, each Participant shall be entitled to a Distributable Benefit which is equal
to or greater than the Distributable Benefit to which he would have been entitled immediately before such merger, consolidation or transfer if this Plan had then been terminated. 

        3.11.3    Transfer From Other Plans.    The Employer may cause all or any of the assets held
in connection with any other plan or trust which is maintained by the Employer for the benefit of its employees and satisfies the applicable requirements of the Code relating to qualified plans and
trusts to be transferred to the Trustee, whether such transfer is made pursuant to a merger or consolidation of this Plan with such other plan or trust or for any other allowable purpose. In addition,
the Employer, by appropriate election in the Adoption Agreement, may permit rollover to the Trustee of assets held for the benefit of an Employee in a conduit Individual Retirement Account, a
terminated plan of the Employer, or any other plan or trust which is maintained by some other employer for the benefit of its employees and satisfies the applicable requirements of the Code relating
to qualified plans and trusts. Any such assets so transferred to the Trustee shall be accompanied by written instructions from the employer, or the trustee, custodian or individual holding such
assets, setting forth the name of each Employee for whose benefit such assets have been transferred and showing separately the respective contributions by the employer and by the Employee and the
current value of the assets attributable thereto. Upon receipt by the Trustee of such assets, the Trustee shall place such assets in a Segregated Fund for the Participant and the Employee shall be
deemed to be one hundred percent (100%) vested and have a nonforfeitable interest in any such assets. Notwithstanding any provisions herein to the contrary, unless the Plan provides a life annuity
distribution option, the Plan shall not be a direct or indirect transferee of a defined benefit pension plan, money purchase pension plan, target benefit pension plan, stock bonus or profit sharing
plan which is subject to the survivor annuity requirements of Section 401(a)(11) and Section 417 of the Code. 

58

   
        3.11.4    Transfer to Other Plans.    The Trustee, upon written direction by the
Employer,
shall transfer some or all of the assets held under the Trust to another plan or trust of the Employer meeting the requirements of the Code relating to qualified plans and trusts, whether such
transfer is made pursuant to a merger or consolidation of this Plan with such other plan or trust or for any other allowable purpose. 

In
addition, upon the termination of employment of any Participant and receipt by the Plan Administrator of a request in writing, the Participant may request that any distribution from the Trust to
which he is entitled shall be transferred to an Individual Retirement Account, an Individual Retirement Annuity, or any other plan or trust which is maintained by some other employer for the benefit
of its employees and satisfies the applicable requirements of the Code relating to qualified plans and trusts. Upon receipt of any such written request, the Plan Administrator shall cause the Trustee
to transfer the assets so directed and, as appropriate, shall direct the Insurer to transfer to the new trustee any applicable insurance policies issued by it. 

ARTICLE XII  

 MISCELLANEOUS  

        3.12.1    No Reversion to Employer.    Except as specifically provided
in the Plan, no part of the corpus or income of the Trust shall revert to the Employer or be used for, or diverted to purposes other than for the exclusive benefit of Participants and their
Beneficiaries. 

        3.12.2    Employer Actions.    Any action by the Employer pursuant to
the provisions of the Plan shall be evidenced by appropriate resolution or by written instrument executed by any person authorized by the Employer to take such action. 

        3.12.3    Execution of Receipts and Releases.    Any payment to any
person eligible to receive benefits under this Plan, in accordance with the provisions of the Plan, shall, to the extent thereof, be in full
satisfaction of all claims hereunder. The Plan Administrator may require such person, as a condition precedent to such payment, to execute a receipt and release therefore in such form as he shall
determine. 

        3.12.4    Rights of Participants Limited.    Neither the creation of
this Plan and Trust nor anything contained in this Plan or the Adoption Agreement shall be construed as giving any Participant, Beneficiary or Employee any equity or other interest in the assets,
business or affairs of the Employer, or the right to complain about any action taken by or about any policy adopted or pursued by, the Employer, or as giving any Employee the right to be retained in
the service of the Employer; and all Employees shall remain subject to discharge to the same extent as if the Plan had never been executed. Prior to the time that distributions are made in conformity
with the provisions of the Plan, neither the Participants, nor their spouses, Beneficiaries, heirs-at-law, or legal representatives shall receive or be entitled to receive cash
or any other thing of current exchangeable value, from either the Employer or the Trustee as a result of the Plan or the Trust. 

        3.12.5    Persons Dealing With Trustee Protected.    No person dealing
with the Trustee shall be required or entitled to see to the application of any money paid or property delivered to the Trustee, or determine whether or not the Trustee is acting pursuant to the
authorities granted to the Trustee hereunder or to authorizations or directions herein required. The certificate of the Trustee that the Trustee is acting in accordance with the Plan shall protect any
person relying thereon. 

        3.12.6    Protection of the Insurer.    An Insurer shall not be
responsible for the validity of the Plan or Trust and shall have no responsibility for action taken or not taken by the Trustee, for determining the propriety of accepting premium payments or other
contributions, for making payments in accordance with the direction of the Trustee, or for the application of such payments. The Insurer shall be fully protected in dealing with any representative of
the Employer or any one of a group of individuals 

59

 

acting as Trustee. Until written notice of a change of Trustee has been received by an Insurer at its home office, the Insurer shall be fully protected in dealing with any party acting as Trustee
according to the latest information received by the Insurer at its home office. 

        3.12.7    No Responsibility for Act of Insurer.    Neither the
Employer, the Plan Administrator nor the Trustee shall be responsible for any of the following, nor shall they be liable for instituting action in connection with: 

        (a)  The
validity of policies or policy provisions; 

        (b)  Failure
or refusal by the Insurer to provide benefits under a policy; 

        (c)  An
act by a person which may render a policy invalid or unenforceable; or 

        (d)  Inability
to perform or delay in performing an act, which inability or delay is occasioned by a provision of a policy or a restriction imposed by the Insurer. 

        3.12.8    Inalienability.    The right of any Participant or his
Beneficiary in any distribution hereunder or to any separate Account shall not be subject to alienation, assignment or transfer, voluntarily or involuntarily, by operation of law or otherwise, except
as may be expressly permitted herein. No Participant shall assign, transfer, or dispose of such right nor shall any such right be subjected to attachment, execution, garnishment, sequestration, or
other legal, equitable, or other process. The preceding shall also apply to the creation, assignment, or recognition of a right to any benefit payable with respect to a Participant pursuant to a
domestic relations order, unless such order is determined to be a qualified domestic relations order, as defined in Section 414(p) of the Code, or any domestic relations order entered before
January 1, 1985. 

In
the event a Participant's benefits are attached by order of any court, the Plan Administrator may bring an action for a declaratory judgment in a court of competent jurisdiction to determine the
proper recipient of the benefits to be paid by the Plan. During the pendency of the action, the Plan Administrator shall cause any benefits payable to be paid to the court for distribution by the
court as it considers appropriate. 

        3.12.9    Domestic Relations Orders.    The Plan Administrator shall
adhere to the terms of any judgment, decree or order (including approval of a property settlement agreement) which relates to the provision of child support, alimony payments, or marital property
rights to a spouse, former spouse, child or other dependent of a Participant and is made pursuant to a state domestic relations law (including a community property law) and which creates or recognizes
the existence of an alternate payee's right to, or assigns to an alternate payee the right to, receive all or a portion of the benefits payable with respect to a Participant. 

Any
such domestic relations order must clearly specify the name and last known mailing address of the Participant and the name and mailing address of each alternate payee covered by the order, the
amount or percentage of the Participant's benefit to be paid by the Plan to each such alternate payee, or the manner in which such amount or percentage is to be determined, the number of payments or
period to which such order applies, and each plan to which such order applies. 

Any
such domestic relations order shall not require the Plan to provide any type or form of benefit, or any option not otherwise provided under the Plan, to provide increased benefits (determined on
the basis of actuarial value) or the payment of benefits to an alternate payee which are required to be paid to another alternate payee under another order previously determined to be a qualified
domestic relations order. Notwithstanding the foregoing sentence, a domestic relations order may require the payment of benefits to an alternate payee before the Participant has separated from service
on or after the date on which the Participant attains or would have attained the earliest retirement age under the
Plan as if the Participant had retired on the date on which such payment is to begin under such order (but taking into account only the present value of the benefits actually accrued and not taking
into 

60

 

account the present value of any Employer subsidy for early retirement) and in any form in which such benefits may be paid under the Plan to the Participant (other than the form of a joint and
survivor annuity with respect to the alternate payee and his or her subsequent spouse). The interest rate assumption used in determining the present value shall be five (5%) percent. For these
purposes, the earliest retirement age under the Plan means the earlier of: (a) the date on which the Participant is entitled to a distribution under the Plan, or (b) the later of the
date the Participant attains age 50, or the earliest date on which the Participant could begin receiving benefits under the Plan if the Participant separated from service. 

If
the Employer so elects in the Adoption Agreement, distributions may be made to an alternate payee even though the Participant may not receive a distribution because he continues to be employed by
the Employer. 

To
the extent provided in the qualified domestic relations order, the former spouse of a Participant shall be treated as a surviving spouse of such Participant for purposes of Sections 401
(a)(11) and 417 of the Code (and any spouse of the Participant shall not be treated as a spouse of the Participant for such purposes) and if married for at least one (1) year, the
surviving former spouse shall be treated as meeting the requirements of Section 417(d) of the Code. 

The
Plan Administrator shall promptly notify the Participant and each alternate payee of the receipt of a domestic relations order by the Plan and the Plan's procedures for determining the qualified
status of domestic relations orders. Within a reasonable period after receipt of a domestic relations order, the Plan Administrator shall determine whether such order is a qualified domestic relations
order and shall notify the Participant and each alternate payee of such determination. If the Participant or any affected alternate payee disagrees with the determinations of the Plan Administrator,
the disagreeing party shall be treated as a claimant and the claims procedure of the Plan shall be followed. The Plan Administrator may bring an action for a declaratory judgment in a court of
competent jurisdiction to determine the proper recipient of the benefits to be paid by the Plan. 

During
any period in which the issue of whether a domestic relations order is a qualified domestic relations order is being determined (by the Plan Administrator, by a court of competent jurisdiction
or otherwise), the Plan Administrator shall separately account for the amounts which would have been payable to the alternate payee during such period if the order had been determined to be a
qualified domestic relations order. If, within the eighteen (18) month period beginning on the date on which the first payment would be required to be made under the domestic relations order,
the order (or modification thereof) is determined to be a qualified domestic relations order, the Plan Administrator shall pay the segregated amounts, including any interest thereon, to the person or
persons entitled thereto. If within such eighteen (18) month period it is determined that the order is not a qualified domestic relations order or the issue as to whether such order is a
qualified domestic relations order is not resolved, then the Plan Administrator shall pay the segregated amounts, including any interest thereon, to the person or persons who would have been entitled
to such amounts if there had been no
order. Any determination that an order is a qualified domestic relations order which is made after the close of the eighteen (18) month period shall be applied prospectively only. 

        3.12.10    Authorization to Withhold Taxes.    The Trustee is
authorized in accordance with applicable law to withhold from distribution to any payee such sums as may be necessary to cover federal and state taxes which may be due with respect to such
distributions. 

        3.12.11    Missing Persons.    If the Trustee mails by registered or
certified mail, postage prepaid, to the last known address of a Participant or Beneficiary, a notification that the Participant or Beneficiary is entitled to a distribution and if (a) the
notification is returned by the post office because the addressee cannot be located at such address and if neither the Employer, the Plan Administrator nor the Trustee shall have any knowledge of the
whereabouts of such Participant or Beneficiary within three (3) years from the date such notification was mailed, or (b) within three (3) years after such 

61

 

notification was mailed to such Participant or Beneficiary, he does not respond thereto by informing the Trustee of his whereabouts, the ultimate disposition of the then undistributed balance of the
Distributable Benefit of such Participant or Beneficiary shall be determined in accordance with the then applicable Federal laws, rules and regulations. If any portion of the Distributable Benefit is
forfeited because the Participant or Beneficiary cannot be found, such portion shall be reinstated if a claim is made by the Participant or Beneficiary. 

        3.12.12    Notices.    Any notice or direction to be given in
accordance with the Plan shall be deemed to have been effectively given if hand delivered to the recipient or sent by certified mail, return receipt requested, to the recipient at the recipient's last
known address. At any time that a group of individuals is acting as Trustee, notice to the Trustee may be given by giving notice to any one or more of such individuals. 

        3.12.13    Governing Law.    The provisions of this Plan shall be
construed, administered and enforced in accordance with the provisions of the Act and, to the extent applicable, the laws of the state in which the Employer has its principal place of business. All
contributions to the Trust shall be deemed to take place in such state. 

        3.12.14    Severability of Provisions.    In the event that any
provision of this Plan shall be held to be illegal, invalid or unenforceable for any reason, said illegality, invalidity or unenforceability shall not affect the remaining provisions, but shall be
fully severable and the Plan shall be construed and enforced as if said illegal, invalid or unenforceable provisions had never been inserted herein. 

        3.12.15    Gender and Number.    Whenever appropriate, words used in
the singular shall include the plural, and the masculine gender shall include the feminine gender. 

        3.12.16    Binding Effect.    The Plan and Adoption Agreement, and all
actions and decisions hereunder, shall be binding upon the heirs, executors, administrators, successors and assigns of any and all parties hereto and Participants, present and future. 

        3.12.17    Qualification Under Internal Revenue Laws.    The Employer
intends that the Trust qualify under the applicable provisions of the Code. Until advised to the contrary, the Trustee may assume that the Trust is so qualified and is entitled to tax exemption under
the Code. If the Plan of the Employer fails to attain or retain qualification, the Plan of the Employer shall no longer participate in this prototype and shall be considered an individually designed
plan. 

62

 
MODEL SECTION 401(a)(31) AMENDMENT TO

MAIN STREET BANK 401(K) PROFIT SHARING PLAN AND TRUST  

        Section 1.    This Article applies to distributions made on or after January 1, 1993. Notwithstanding any
provision of the plan to the contrary that would otherwise limit a distributee's election under this Article, a distributee may elect, at the time and in the manner prescribed by the plan
administrator, to have any portion of an eligible rollover distribution paid directly to an eligible retirement plan specified by the distributee in a direct rollover. 

        Section 2.    Definitions. 

        Section 2.1.    Eligible rollover distribution:    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 distribution is required under section 401(a)(9) of the Code;
and the portion of any distribution that is not includible in gross income (determined without regard to the exclusion for net unrealized appreciation with respect to employer securities). 

        Section 2.2.    Eligible retirement plan:    An eligible retirement plan is an
individual retirement account described in section 408(a) of the Code, an individual retirement annuity described in section 408(b) of the Code, an annuity plan described in
section 403(a) of the Code, or a qualified trust described in
section 401(a) of the Code, 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. 

        Section 2.3.    Distributee:    A distributee includes an employee or former employee.
In addition, the employee's or former employee's surviving spouse and the employee's or the former employee's spouse or former spouse who is the alternate payee under a qualified domestic relations
order, as defined in section 414(p) of the Code, are distributees with regard to the interest of the spouse or former spouse. 

        Section 2.4.    Direct rollover:    A direct rollover is a payment by the plan to the
eligible retirement plan specified by the distributee. 

63

 
MODEL SECTION 401(a)(17) AMENDMENT TO

MAIN STREET BANK 401(K) PROFIT SHARING PLAN AND TRUST  

 SECTION 401(a)(17) LIMITATION  

        In addition to other applicable limitations set forth in the plan, and notwithstanding any other provision of the plan to contrary, for plan years beginning on or
after January 1, 1994, the annual compensation of each employee taken into account under the plan shall not exceed the OBRA '93 annual compensation limit. The OBRA '93 annual compensation limit
is $150,000, as adjusted by the Commissioner for increases in the cost of living in accordance with section 401(a)(17)(B) of the Internal Revenue Code. The
cost-of-living adjustment in effect for a calendar year applies to any period, not exceeding 12 months, over which compensation is determined (determination period)
beginning in such calendar year. If a determination period consist of fewer than 12 months, the OBRA '93 annual compensation limit will be multiplied by a fraction, the numerator of which is
the number of months in the determination period, and the denominator of which is 12. 

        For
plan years beginning on or after January 1, 1994, any reference in this plan to the limitation under section 401(a)(17) of the Code shall mean the OBRA '93 annual
compensation limit set forth in the provision. 

        If
compensation for any prior determination period is taken into account in determining an employee's benefits accruing in the current plan year, the compensation for that prior
determination period is subject to the OBRA '93 annual compensation limit in effect for that prior determination period. For
this purpose, for determination periods beginning before the first day of the first plan year beginning on or after January 1, 1994, the OBRA '93 annual compensation limit is $150,000. 

64

QuickLinks

Exhibit 4.3

DATAIR MASS-SUBMITTER PROTOTYPE DEFINED CONTRIBUTION PLAN AND TRUST

TABLE OF CONTENTS

PART I

PART II

PART IIIQuickLinks
 -- Click here to rapidly navigate through this document

 
 

Exhibit 4.4    
  

 
 

Main Street Bank 401(k) Profit Sharing Plan
  and Trust Adoption Agreement    
  

(see attached)  

	 	 	
	 	 

ADOPTION
AGREEMENT

FOR THE DATAIR MASS-SUBMITTER PROTOTYPE

NON-STANDARDIZED CASH OR DEFERRED PROFIT

SHARING PLAN AND TRUST 

	 	 	
	 	 

   
ADOPTION AGREEMENT

FOR THE DATAIR MASS-SUBMITTER PROTOTYPE

NON-STANDARDIZED CASH OR DEFERRED PROFIT SHARING PLAN AND TRUST 

The
DATAIR Mass-Submitter Prototype Non-Standardized Cash or Deferred Profit Sharing Plan and Trust ("the Plan and Trust") is hereby adopted by: 

Main Street Bank (the "Employer"). 

The
Plan and Trust as applicable to the Employer shall be known as: 

Main Street Bank 401(K) Profit Sharing Plan and Trust  

The Plan and Trust is effective as of: October 1, 2001.  

(Specify, if applicable.) 

	(X)	 	a.	 	The Plan and Trust is an amendment of a preexisting Plan which was originally effective as of:
	

 	
 	

 	
 	
January 1, 1969.
	

(  )	
 	

b.	
 	

The Plan and Trust is an amendment and restatement of a preexisting Plan which was originally effective as of:
	

 	
 	

 	
 	

***CAUTION*** 

FAILURE TO FILL OUT THE ADOPTION AGREEMENT PROPERLY MAY

RESULT IN DISQUALIFICATION OF THE PLAN  

PART I. The following identifying information pertains to the Employer and the Plan and Trust: 

	1.	 	Employer Address:	 	1122 Pace Street

Covington, GA 30015
	

2.	
 	

Employer Telephone:	
 	

770-786-3441
	

3.	
 	

Employer Tax ID:	
 	

58-0152700
	

4.	
 	

Employer Fiscal Year:	
 	

January 1 to December 31
	

5.	
 	

Three Digit Plan Number:	
 	

001
	

6.	
 	

Trust ID Number:	
 	

58-1968188
	

7.	
 	

Plan Fiscal Year (must be 12 consecutive mos.):	
 	

January 1 to December 31
	

8.	
 	

Short Initial Plan Year:	
 	

N/A
	

9.	
 	

Plan Agent:	
 	

Main Street Bank

1122 Pace Street

Covington, GA 30015
	

10.	
 	

Plan Administrator:	
 	

Main Street Bank

1122 Pace Street

Covington, GA 30015
	

11.	
 	

Plan Administrator ID Number:	
 	

58-0152700
	
 	
 	

 	
 	

 

1

 

	

12.	
 	

Plan Trustees:	
 	

Sam B. Hay, III

James Turner

Edward C. Milligan

Jennifer Eavenson

Main Street Bank

1122 Pace St.

Covington, GA 30015
	

13.	
 	

IRS Determination Letter Date:	
 	

 
	

14.	
 	

IRS File Folder Number:	
 	

 
	

15.	
 	

Legal Organization of Employer:
 (  ) a. Sole Proprietorship

(  ) b. Partnership

(X) c. C Corporation

(  ) d. S Corporation

(  ) e. Not for Profit Corporation

(  ) f. Personal Service Corporation

(  ) g. Other - Explain	
 	

 
	
16.	
 	

Business Code:	
 	

6712
	

17.	
 	

State of Legal Construction:	
 	

Georgia
	

18.	
 	

Other Members of a Controlled Group or Affiliated Service Group:
	

 	
 	
 (if any, each member should sign Adoption Agreement or otherwise satisfy applicable participation requirements. Leave blank if not applicable)
	

 	
 	

Controlled Group

(X) a. Not Applicable

(  ) b. Other Members	
 	

 
	

 	
 	

Affiliated Service Group

(X) a. Not Applicable

(  ) b. Other Members	
 	

 

PART II. The Plan contains certain predetermined design features intended to provide the statutory requirement or most commonly adopted feature but
permits the selection of alternative features. If an Employer desires to retain the predetermined design feature, select the provision designated Plan Provision. If an alternative design feature is
desired, select the appropriate provision. Unless specifically provided to the contrary, only one selection may be made for each design category. Section references are to relevant Plan Sections.
Defined terms have the meanings provided in the Plan. 

	A.	 	Eligibility and Service Provisions
	

1.	
 	
Eligible Employees - Section 1.2.23 provides that all employees, including employees of certain related businesses and leased employees are eligible except for certain union members and
non-resident aliens. (Specify all applicable)
	 	 	(  )	 	a.	 	Plan Provision
	 	 	(  )	 	b.	 	Include members of collective bargaining unit
	 	 	(  )	 	c.	 	Exclude self-employed persons
	 	 	(X)	 	d.	 	Exclude Employees not employed by the Employer
	 	 	(  )	 	e.	 	Exclude commissioned Employees
	 	 	(  )	 	f.	 	Exclude hourly Employees
	 	 	(  )	 	g.	 	Exclude salaried Employees

2

 

	 	 	(  )	 	h.	 	Other - Specify. (Cannot discriminate in favor of Highly Compensated Employees).
	
2.	
 	
 Eligibility Requirements (See Section 2.1.1) - An Employee is eligible to participate in Non-Elective Contribution portions of the Plan if he satisfies the following requirements
during the Eligibility Computation Period. (Specify one option or any combination other than c and d. Selecting more than one option means that an Employee must meet all indicated requirements for eligibility, except for option e. Option e overrides
all other requirements):
	 	 	(  )	 	a.	 	Date of hire, i.e. no age or service required (no other choices may be selected)
	 	 	(X)	 	b.	 	Minimum Age of 21 years (Not to exceed 21, partial years may be used)
	 	 	(  )	 	c.	 	Minimum of            months of service (Cannot require more than 24 months, or more than 12 months if full vesting after not more than 2 Years of Service is not
selected; if periods other than whole years are selected an Employee cannot be required to complete any specified number of Hours of Service to receive credit for the fractional year)
	 	 	(X)	 	d.	 	1,000 Hours of Service required during each 12 month Eligibility Computation Period (cannot exceed 1000)
	 	 	(  )	 	e.	 	Employed on    /    /    . (For new plans only, select an additional option if this provision is selected)
	 	 	(  )	 	f.	 	Not applicable. Non-Elective Contributions are not permitted.
	
3.	
 	
For the purposes of having Elective Contributions made on the Employee's behalf, Section 2.1.1 provides that, unless the Employer specifies otherwise in the Adoption Agreement, an
Employee must complete 1000 Hours of Service during the Eligibility Computation Period. For these purposes, an Employee is eligible if he satisfies the following requirements: (Select all applicable. Selecting more than one option means that an
Employee must meet all indicated requirements for eligibility, except for option e. Option e overrides all other requirements):
	 	 	(  )	 	a.	 	Date of hire, i.e. no age or service requirement (No other choices may be selected)
	 	 	(X)	 	b.	 	Minimum Age of 21 years (Not to exceed 21, partial years may be specified)
	 	 	(X)	 	c.	 	Minimum of 12 months of service (Not to exceed 12, if other than full years are selected hours may not be specified)
	 	 	(X)	 	d.	 	1.000 Hours of Service required during each 12 month Eligibility Computation Period (cannot exceed 1000)
	 	 	(  )	 	e.	 	Employed on    /    /    . (For new plans only, select an additional option if this provision is selected)
	
4.	
 	
Matching Eligibility Requirements (See Section 2.1.1) - An Employee is eligible to participate in the Matching Contributions portion of the Plan if he satisfies the following
requirements during the Eligibility Computation Period. (Specify one option or any combination other than c and d. Selecting more than one option means that an Employee must meet all indicated requirements for eligibility, except for option e. Option
e overrides all other requirements):
	 	 	(  )	 	a.	 	Date of hire, i.e. no age or service required (No other choices may be selected)
	 	 	(X)	 	b.	 	Minimum Age of 21 years (Not to exceed 21, partial years may be used)
	 	 	(  )	 	c.	 	Minimum of            months of service (Cannot require more than 24 months, or more than 12 months if full vesting after not more than 2 Years of Service is not
selected; if periods other than whole years are selected an Employee cannot be required to complete any specified number of Hours of Service to receive credit for the fractional year)
	 	 	(X)	 	d.	 	1,000 Hours of Service required during each 12 month Eligibility Computation Period (cannot exceed 1000)
	 	 	(  )	 	e.	 	Employed on    /    /    . (For new plans only, select an additional option if this provision is selected)
	 	 	(  )	 	f.	 	Not applicable. Matching Contributions are not permitted.

3

 

	
5.	
 	
Eligibility Computation Period - Section 1.2.22 provides that the initial eligibility computation period begins on the date of hire and the subsequent periods commence on each annual
anniversary of such date. (Select one)
	 	 	(  )	 	a.	 	Plan Provision
	 	 	(X)	 	b.	 	The eligibility computation periods subsequent to the initial eligibility computation period are the Plan Year beginning with the first Plan Year commencing prior to the first anniversary of the employment commencement
date.
	
6.	
 	
Hour of Service - Section 1.2.35 provides that service will be credited on the basis of actual hours for which the employee is paid or entitled to payment. If records of actual hours
are not maintained, credit is given on the basis of: (Select one)
	 	 	(X)	 	a.	 	Plan Provision - Records are maintained
	 	 	(  )	 	b.	 	Days Worked - An Employee will be credited with 10 Hours of Service if he is credited with at least 1 Hour of Service during the day
	 	 	(  )	 	c.	 	Weeks Worked - An Employee will be credited with 45 Hours of Service if he is credited with at least 1 Hour of Service during the week
	 	 	(  )	 	d.	 	Semi-Monthly Payroll Period - An Employee will be credited with 95 Hours of Service if he is credited with at least 1 Hour of Service during the payroll period
	 	 	(  )	 	e.	 	Months worked - An Employee will be credited with 190 Hours of Service if he is credited with at least 1 Hour of Service during the month
	
7.	
 	
Service with Predecessor Employers - Section 1.2.35 provides that service with predecessor employers is treated as service for the Employer. Where applicable, identify the predecessor
employer(s) and any document(s) which provides for the crediting of service with such predecessor(s):
	 	 	(  )	 	a.	 	Not applicable.
	 	 	(X)	 	b.	 	Service with the following entities shall be credited as service under this plan: Southern Heritage Savings Bank, First Federal Savings Bank of Georgia, DeKalb Federal Savings & Loan Rockdale
County Branches, Walton Bank & Trust Company, and First Sterling Banks, Inc.
	

 	
 	

 	
 	

 	
 	

Service with the above entities has been determined under the terms of the following documents:
 Joinder Agreements
	
8.	
 	
Entry Date - Section 2.1.2 provides that an Employee who satisfies any eligibility requirements enters the Plan on the Entry Date. For this purpose the Entry Date is the: (Select
one)
	 	 	(  )	 	a.	 	First day of next Plan Year or            months (Not to exceed 6) after satisfying the eligibility requirements, if earlier
	 	 	(  )	 	b.	 	First day of            month (Not more than 6) after satisfying eligibility requirements or the first day of the next Plan Year, if earlier
	 	 	(  )	 	c.	 	Date of satisfying the eligibility requirements
	 	 	(  )	 	d.	 	First day of Plan Year in which the eligibility requirements are satisfied
	 	 	(  )	 	e.	 	First day of Plan Year nearest to the date the eligibility requirements are satisfied
	 	 	(  )	 	f.	 	Semiannual - () first or () last day of 6 month periods, beginning with first of Plan Year, coincident with or after satisfying eligibility requirements
	 	 	(  )	 	g.	 	Quarterly - () first or () last day of 3 month periods, beginning with first of Plan Year, coincident with or after satisfying eligibility requirements
	 	 	(X)	 	h.	 	Monthly - (X) first or ( ) last day of each month of the Plan Year, coincident with or after satisfying eligibility requirements

4

 

	 	 	(  )	 	i.	 	First day of the Plan Year coincident with or immediately following the date the eligibility requirements are satisfied. (May be selected only if eligibility requirements of Plan do not require more than 6 months of
service (18 months if 100% immediate vesting) and attainment of age 201/2.)
	 	 	(  )	 	j.	 	Last day of the Plan Year coincident with or after satisfying the eligibility requirements. (May be selected only if eligibility requirements of Plan do not require more than 6 months of service (18 months if 100%
immediate vesting) and attainment of age 201/2.)
	

 	
 	
NOTE:	
 	

The Entry Date should be coordinated with the Compensation Computation Period.
	
9.	
 	
Break in Service - Section 1.2.8 provides that a Break in Service occurs if an Employee fails to complete more than 500 hours of service during the applicable computation period unless
a lesser number is specified. (Select one)
	 	 	(X)	 	a.	 	Plan Provision
	 	 	(  )	 	b.	 	A Break will occur if the Employee fails to complete more than            (Not to exceed 500) Hours of Service
	
B.	
 	

Date Provisions
	

1.	
 	
Anniversary Date - Section 1.2.5 provides that the Anniversary Date is the last day of the Plan Year unless another date is specified. (Select one)
	 	 	(X)	 	a.	 	Plan Provision - No other date is specified.
	 	 	(  )	 	b.	 	The first day of the Plan Year.
	 	 	(  )	 	c.	 	Other - Specify. (Must be at least annually)
	
2.	
 	
Valuation Date - Section 1.2.63 provides that the Valuation Date is the date or dates specified in the Adoption Agreement. (Select one)
	 	 	(  )	 	a.	 	Anniversary Date
	 	 	(  )	 	b.	 	Semiannually on the last day of each 6 month period beginning with the first of the Plan Year
	 	 	(  )	 	c.	 	Quarterly on the last day of each 3 month period beginning with the first of the Plan Year
	 	 	(  )	 	d.	 	Monthly on the last day of each month of the Plan Year
	 	 	(  )	 	e.	 	Last day of Plan Year (use option (a) if Anniversary Date is last day of the Plan Year
	 	 	(X)	 	f.	 	Other - Specify. (Must be at least annually)
	

 	
 	

 	
 	

 	
 	
The Valuation Date for plan assets and participant directed exchanges will be Daily.
	

 	
 	

 	
 	

 	
 	

The Valuation Date for all distribution types will be the date on which the distribution liquidation occurs.
	

3.	
 	
Normal Retirement Date - Section 1.2.46 permits the adoption of a Normal Retirement Date. (Select one)
	 	 	(X)	 	a.	 	Date Normal Retirement Age is attained
	 	 	(  )	 	b.	 	First day of month in which Normal Retirement Age is attained
	 	 	(  )	 	c.	 	First day of month nearest date Normal Retirement Age is attained
	 	 	(  )	 	d.	 	First day of month coincident with or next following the date Normal Retirement Age is attained
	 	 	(  )	 	e.	 	Anniversary Date nearest date Normal Retirement Age is attained
	 	 	(  )	 	f.	 	Anniversary Date coincident with or next following date Normal Retirement Age is attained

5

 

	
4.	
 	
Normal Retirement Age - For each Participant the Normal Retirement Age is:
	 	 	(  )	 	a.	 	Age    (not to exceed 65)
	 	 	(X)	 	b.	 	The later of age 65 (not to exceed 65) or the 4 (not to exceed the fifth (5th)) anniversary of the participation
commencement date, if later. The participation commencement date is the first day of the Plan Year in which a Participant commenced participation in the Plan. Solely for Plan Years beginning before 1988, if the normal retirement age was determined by
reference to the anniversary of the participation commencement date, the anniversary for participants who first commenced participation before the first Plan Year beginning on or after January 1, 1988 is the earlier of the tenth anniversary of
the date the participant commenced participation in the Plan (or such anniversary as had been elected by the Employer if less than ten) or the fifth anniversary of the first day of the first Plan Year beginning on or after January 1,
1988.
	 	 	(  )	 	c.	 	Age            and the            anniversary of the participation commencement date, if both
requirements are met earlier than the later age of 65 or the fifth (5th) anniversary of participation
	
5.	
 	
Early Retirement Date - Section 1.2.17 permits the adoption of an Early Retirement Date: (Select one)
	 	 	(  )	 	a.	 	The Plan does not provide an early retirement date
	 	 	(X)	 	b.	 	The actual date the Participant attains the Early Retirement Age
	 	 	(  )	 	c.	 	The Anniversary Date coincident with or next following the date the Participant attains the Early Retirement Age
	 	 	(  )	 	d.	 	The Valuation Date coincident with or next following the date the Participant attains the Early Retirement Age
	 	 	(  )	 	e.	 	The () first () last day of the month coincident with or next following the date the Participant attains the Early Retirement Age
	 	 	(  )	 	f.	 	Other - Specify. (Cannot discriminate in favor of Highly Compensated Employees)
	
6.	
 	
Early Retirement Age: (Select all applicable. If more than one option is selected, Early Retirement Age is attained on the first date the requirements of any option are met.)

	 	 	(  )	 	a.	 	Age            (not to exceed 65)
	 	 	(X)	 	b.	 	Age 55 and 5 Years of Service
	 	 	(  )	 	c.	 	Age            and            Years of Service while a Participant
	 	 	(  )	 	d.	 	            years prior to the Normal Retirement Age
	 	 	(  )	 	e.	 	Sum of age and Years of Service equals
	 	 	(  )	 	f.	 	Not Applicable
	

 	
 	
NOTE:	
 	

Cannot discriminate in favor of Highly Compensated Employees.
	
C.	
 	
Compensation
	
1.	
 	
Compensation - See Section 1.2.10. For purposes of the Plan a Participant's compensation is based on the Compensation Computation Period and shall: (Select a, b, or c and all of d and e
which are applicable)
	 	 	(  )	 	a.	 	Equal compensation as defined in Section 3401(a) except as indicated below
	 	 	(  )	 	b.	 	Equal compensation as defined in Section 415(c)(3) except as indicated below
	 	 	(X)	 	c.	 	Equal compensation as defined for the Wages, Tips, and Other Compensation Box on Form W-2 except as indicated below
	 	 	(X)	 	d.	 	Include compensation which is not includible in gross income by reason of Section
	 	 	 	 	(X)	 	Sections 402(h)(1)(B)(SEP deferrals)
	 	 	 	 	(X)	 	125 (Cafeteria Plan)
	 	 	 	 	(X)	 	402(a)(8) (401(k) deferrals)
	 	 	 	 	(  )	 	403(b)
	 	 	 	 	(  )	 	457(b)

6

 

	 	 	(  )	 	e.	 	Exclude compensation which is for
	 	 	 	 	(  )	 	overtime
	 	 	 	 	(  )	 	discretionary bonuses
	 	 	 	 	(  )	 	Bonuses
	 	 	 	 	(  )	 	taxable employee benefits
	 	 	 	 	(  )	 	in excess of $          
	 	 	 	 	(  )	 	Other exclusion - Specify. (Cannot discriminate in favor of Highly Compensated Employees)
	

 	
 	
NOTE:	
 	

Exclusions are permissible if the Plan is not integrated with Social Security. Exclusions may cause the Plan to be impermissibly discriminatory.
	
2.	
 	
The Compensation Computation Period is:
	 	 	(X)	 	a.	 	The Plan Year
	 	 	(  )	 	b	 	The calendar year ending with or within the Plan Year
	
3.	
 	
For the initial Plan Year of participation, include Compensation from: (Select one)
	 	 	(X)	 	a.	 	Entry Date as a Participant
	 	 	(  )	 	b.	 	First day of the Compensation Computation Period which ends during the initial Plan Year of participation
	
D.	
 	

Contribution and Allocation
	

1.	
 	
Non-Elective Contribution Formula - The Employer's Non-Elective contribution to the Plan shall be: (Select one)
	 	 	(  )	 	a.	 	Discretionary, out of profits
	 	 	(X)	 	b.	 	Discretionary, but not limited to profits
	 	 	(  )	 	c.	 	            % of each Participant's Compensation. (not to exceed 15%)
	 	 	(  )	 	d.	 	Not applicable. Non-Elective Contributions are not permitted.
	
2.	
 	
Allocation Method - The Employer Non-Elective contribution is allocated to Participants: (Select one)
	 	 	(X)	 	a.	 	Proportionate to Salary. Based upon each Participant's Compensation in proportion to the Compensation of all Participants.
	 	 	(  )	 	b.	 	Integrated with Social Security. See Sections 2.3.1 and 2.3.3. (Select one of d. through h., below.)
	 	 	(  )	 	c.	 	Not applicable - No Non-Elective Contributions.
	

 	
 	

The Social Security Integration Level is equal to:
	 	 	(  )	 	d.	 	The taxable wage base under Section 230 of the Social Security Act in effect as of the first day of the Plan Year.
	 	 	(  )	 	e.	 	$            (Not to exceed the taxable wage base under Section 230 of the Social Security Act in effect as of the first day of the Plan Year).
	 	 	(  )	 	f.	 	            % (Not to exceed 100) of the taxable wage base under Section 230 of the Social Security act in effect as of the first day of the Plan
Year.
	 	 	(  )	 	g.	 	The greater of $10,000 or 20% of the taxable wage base under Section 230 of the Social Security Act in effect as of the first day of the Plan Year.
	 	 	(  )	 	h.	 	80% of the taxable wage base under Section 230 of the Social Security Act in effect as of the first day of the Plan Year plus $1.00.

	3.	 	Requirement to Share in Non-Elective Contribution Allocation. In order to share in the allocation of the Employer's Non-Elective Contribution a Participant: (Select all applicable)

	 	 	(  )	 	a.	 	must complete      Hours (cannot exceed 1000), but
	 	 	 	 	(  )	 	is eligible regardless of Hours if the Employee dies during the Plan Year

7

 

	 	 	 	 	(  )	 	is eligible regardless of Hours of Service if the Employee retires during the Plan Year
	 	 	 	 	(  )	 	is eligible regardless of Hours of Service if the Employee becomes totally disabled during the Plan Year
	 	 	(X)	 	b.	 	must complete 1,000 (cannot exceed 1000) Hours and be employed at Plan Year end but
	 	 	 	 	(X)	 	is eligible if Employee dies during the plan year,
	 	 	 	 	 	 	(X)	 	regardless of Hours of Service.
	 	 	 	 	 	 	(  )	 	only if employee meets Hours requirement
	 	 	 	 	(X)	 	is eligible if Employee retires during the Plan Year,
	 	 	 	 	 	 	(X)	 	regardless of Hours of Service.
	 	 	 	 	 	 	(  )	 	only if Employee meets Hours requirement.
	 	 	 	 	(X)	 	is eligible if Employee becomes totally disabled during the Plan Year
	 	 	 	 	 	 	(X)	 	regardless of the Hours of Service.
	 	 	 	 	 	 	(  )	 	only if Employee meets Hours requirement.
	 	 	(  )	 	c.	 	Not applicable - No Non-Elective Contributions.
	
4.	
 	
Requirement to Share in Matching Contribution Allocation - In order to share in the allocation of the Employer's Matching Contribution a Participant: (Select all applicable)
	 	 	(X)	 	a.	 	must complete 1 Hours (cannot exceed 1000), but
	 	 	 	 	(X)	 	is eligible regardless of Hours if the Employee dies during the Plan Year
	 	 	 	 	(X)	 	is eligible regardless of Hours of Service if the Employee retires during the Plan Year
	 	 	 	 	(X)	 	is eligible regardless of Hours of Service if the Employee becomes totally disabled during the Plan Year
	 	 	(  )	 	b.	 	must complete      (cannot exceed 1000) Hours and be employed at Plan Year end but
	 	 	 	 	(  )	 	is eligible if Employee dies during the plan year,
	 	 	 	 	 	 	(  )	 	regardless of Hours of Service.
	 	 	 	 	 	 	(  )	 	only if employee meets Hours requirement
	 	 	 	 	(  )	 	is eligible if Employee retires during the Plan Year,
	 	 	 	 	 	 	(  )	 	regardless of Hours of Service.
	 	 	 	 	 	 	(  )	 	only if Employee meets Hours requirement.
	 	 	 	 	(  )	 	is eligible if Employee becomes totally disabled during the Plan Year
	 	 	 	 	 	 	(  )	 	regardless of the Hours of Service.
	 	 	 	 	 	 	(  )	 	only if Employee meets Hours requirement.
	 	 	(  )	 	c.	 	Not Applicable

	5.	 	Matching Contributions - The Matching Contribution by the Employer for the Plan Year in accordance with Section 2.2.1(a)(3)(ii) is
	 	 	(  )	 	a.	 	Matching Contributions are not permitted
	 	 	(X)	 	b.	 	Discretionary each Plan Year
	 	 	(  )	 	c.	 	Based upon the Allocation Method set forth below
	 	 	(  )	 	d.	 	Based upon the Allocation Method set forth below plus a supplemental discretionary Matching contribution
	
6.	
 	
Allocation Method for Matching Contributions - Matching Contributions shall be allocated to eligible Participants in an amount:
	 	 	(X)	 	a.	 	Proportionate to the Elective Contributions made on behalf of a Participant
	 	 	(  )	 	b.	 	Equal to            % of the Elective Contributions made on behalf of a Participant
	 	 	(  )	 	c.	 	Graded based on the dollar amount of the Elective Contribution of each Participant as follows:

8

 

	 	 	 	 	 	 	    % of the first $    plus
	 	 	 	 	 	 	    % of the next $    plus
	 	 	 	 	 	 	    % of the next $    plus
	 	 	 	 	 	 	    % of the next $    .
	 	 	(  )	 	d.	 	Graded based on the percentage of compensation of the Elective Contribution of each Participant as follows:
	 	 	 	 	 	 	    % of the first    % plus
	 	 	 	 	 	 	    % of the next    % plus
	 	 	 	 	 	 	    % of the next    % plus
	 	 	 	 	 	 	    % of the next    %.
	 	 	(  )	 	e.	 	Graded based on the dollar amount of the Elective Contribution of each Participant as follows:
	 	 	 	 	 	 	    % if contribution is $    or more;
	 	 	 	 	 	 	    % if contribution is $    or more;
	 	 	 	 	 	 	    % if contribution is $    or more;
	 	 	 	 	 	 	    % if contribution is $    or more.
	 	 	(  )	 	f.	 	Graded based on the percentage of compensation of the Elective Contribution of each Participant as follows:
	 	 	 	 	 	 	    % if contribution is    % or more;
	 	 	 	 	 	 	    % if contribution is    % or more;
	 	 	 	 	 	 	    % if contribution is    % or more;
	 	 	 	 	 	 	    % if contribution is    % or more;
	 	 	(  )	 	g.	 	Not applicable
	

 	
 	
NOTE:	
 	

Graded percentages entered in c. through f. must decrease as percentage or amount of compensation increases.
	
7.	
 	
If a supplemental discretionary Matching Contribution is made, Matching Contributions shall be allocated to eligible Participants in an amount:
	 	 	(  )	 	a.	 	Proportionate to the Elective Contributions made on behalf of a Participant
	 	 	(  )	 	b.	 	According to the method selected in 6b. - f. above
	 	 	(X)	 	c.	 	Not applicable
	
8.	
 	
Matching Contribution Allocation Date - Matching Contributions are allocated as of the Anniversary Date unless an alternate date is selected. For the purposes of this Plan the Matching
Contribution is allocated as of: (Select one)
	 	 	(  )	 	a.	 	Plan Provision - the Anniversary Date.
	 	 	(  )	 	b.	 	The next Valuation Date.
	 	 	(X)	 	c.	 	Other - Specify. (Must be allocated at least annually)
	

 	
 	

 	
 	

 	
 	
Matching contributions will be allocated with each payroll.
	 	 	(  )	 	d.	 	Not applicable
	
9.	
 	
Limitations on Matching Contributions - The Employer shall not make Matching Contributions: (Select all applicable)
	 	 	(  )	 	a.	 	With respect to Elective Contributions in excess of            % of Participant's Compensation
	 	 	(  )	 	b.	 	In excess of $            for any Participant
	 	 	(  )	 	c.	 	To Key Employees
	 	 	(X)	 	d.	 	Not applicable.
	
10.	
 	
Allocation of Qualified Non-Elective Contributions - (Select a or b. If a is selected, do not complete the remainder of this section)
	 	 	(  )	 	a.	 	Qualified Non-Elective Contributions are not permitted.
	 	 	(X)	 	b.	 	Qualified Non-Elective Contributions shall be made at the Employer's discretion.

9

  

	 	 	Qualified Non-Elective Contributions shall be allocated (complete c and d):
	 	 	(X)	 	c.	 	On behalf of
	 	 	 	 	 	 	(  )	 	All Participants
	 	 	 	 	 	 	(  )	 	Solely on behalf of Participants who are not Highly Compensated Employees
	 	 	 	 	 	 	(X)	 	Solely on behalf of Participants who are not Highly Compensated Employees to the extent necessary to satisfy the ACP or the ADP test
	 	 	(  )	 	d.	 	Who are eligible to receive an allocation of
	 	 	 	 	 	 	(  )	 	Non-Elective Contributions
	 	 	 	 	 	 	(  )	 	Matching Contributions
	

 	
 	

Qualified Non-Elective Contributions shall be allocated: (Select e or f; also select g, if applicable)
	 	 	(X)	 	e.	 	In proportion to a Participant's Compensation.
	 	 	(  )	 	f.	 	As a uniform dollar amount.
	 	 	(X)	 	g.	 	To the extent necessary to satisfy the ACP test or the ADP test.
	
11.	
 	
Limitation Year - Section 1.2.40 provides that unless otherwise specified the Limitation Year for purposes of the limitation imposed by IRC Section 415 is the Plan Year. (Select
one)
	 	 	(X)	 	a.	 	Plan Provision
	 	 	(  )	 	b.	 	Calendar year coinciding with or ending within the Plan Year
	 	 	(  )	 	c.	 	Twelve consecutive month period ending    /    .
	
E.	
 	

Vesting Provisions
	
1.	
 	
Years of Service - Section 1.2.65 provides that a Year of Service is the 12 consecutive month period specified in the Adoption Agreement in which at least 1000 Hours of Service are
performed unless a lesser number is specified. (Select all applicable)
	 	 	(X)	 	a.	 	Use the Plan Year as the computation period
	 	 	(  )	 	b.	 	Use Eligibility Computation Period as the computation period
	 	 	(  )	 	c.	 	Use    in lieu of 1000 Hours of Service (Not to exceed 1000 hours)
	
2.	
 	
Excluded Years - Section 1.2.65 provides unless otherwise specified all Years of Service are taken into account.
	 	 	(X)	 	a.	 	Plan Provision - include all Years of Service
	 	 	(  )	 	b.	 	Exclude Plan Years prior to age 18
	 	 	(  )	 	c.	 	Exclude Plan years prior to adoption of plan or predecessor plan. Effective date of (prior) plan:    /    /    
	
3.	
 	
Vesting Schedule - Section 2.4.2(f) provides that benefits will vest in accordance with the method specified in the Adoption Agreement. (Select one of a, b, c, d, f, or g. Also select e
if applicable.)
	

 	
 	

Employer Accounts:
	 	 	(  )	 	a.	 	At the rate of 20% each year after 3 Years of Service. (20% vested in third year)
	 	 	(  )	 	b.	 	At the rate of 20% each year after 2 Years of Service. (20% vested in second year)
	 	 	(  )	 	c.	 	100% vesting upon participation.
	 	 	(  )	 	d.	 	100% vesting after    Year(s) of Service (Not to exceed 5)
	 	 	(X)	 	e.	 	100% vesting at Early Retirement Date (Must also select another alternative)
	 	 	(X)	 	f.	 	Other: (Optional vesting schedule must be at least as favorable as a. or d.)

10

 

 

	Year(s) of Service
	 	Percent Vesting
	 
	Less than 1	 	0	%
	1 but less than 2	 	20	%
	2 but less than 3	 	40	%
	3 but less than 4	 	60	%
	4 but less than 5	 	80	%
	5 but less than 6	 	100	%
	6 but less than 7	 	100	%
	7 or More	 	100	%

	

 	
 	

(  )	
 	

g.	
 	

Not applicable - No Non-Elective Employer Contributions
	

 	
 	

Matching Accounts:
	 	 	(  )	 	a.	 	At the rate of 20% each year after 3 Years of Service. (20% vested in third year)
	 	 	(  )	 	b.	 	At the rate of 20% each year after 2 Years of Service. (20% vested in second year)
	 	 	(  )	 	c.	 	100% vesting upon participation.
	 	 	(  )	 	d.	 	100% vesting after    Year(s) of Service (Not to exceed 5)
	 	 	(X)	 	e.	 	100% vesting at Early Retirement Date (Must also select another alternative)
	 	 	(X)	 	f.	 	Other: (Optional vesting schedule must be at least as favorable as a. or d.)

 

	Year(s) of Service
	 	Percent Vesting
	 
	Less than 1	 	0	%
	1 but less than 2	 	20	%
	2 but less than 3	 	40	%
	3 but less than 4	 	60	%
	4 but less than 5	 	80	%
	5 but less than 6	 	100	%
	6 but less than 7	 	100	%
	7 or More	 	100	%

	

 	
 	

(  )	
 	

g.	
 	

Not applicable - No Matching Contributions
	
4.	
 	
Prior Vesting Schedule - Section 3.10.3 provides that if the Vesting schedule has been amended to a less favorable schedule, participants are entitled to have their vested interest
calculated under the prior schedule under certain instances.
	 	 	(X)	 	a.	 	Not applicable. Either not amended or new schedule is more favorable.
	 	 	(  )	 	b.	 	The prior schedule was

11

 

 

	Employer

Year(s) of Service
	 	Percent Vesting

	Less than 1	 	 
	1 but less than 2	 	 
	2 but less than 3	 	 
	3 but less than 4	 	 
	4 but less than 5	 	 
	5 but less than 6	 	 
	6 but less than 7	 	 
	7 or More	 	 

 

	Matching

Year(s) of Service
	 	Percent Vesting

	Less than 1	 	 
	1 but less than 2	 	 
	2 but less than 3	 	 
	3 but less than 4	 	 
	4 but less than 5	 	 
	5 but less than 6	 	 
	6 but less than 7	 	 
	7 or More	 	 

	
5.	
 	
Top Heavy Vesting Schedule - Section 2.6.1(c) provides that if the Plan becomes Top Heavy, unless the Employer specifies otherwise, vesting will be at a rate of 20% per year
beginning with the second Year of Service.
	

 	
 	

Employer Accounts:
	 	 	(  )	 	a.	 	Plan Provision
	 	 	(  )	 	b.	 	100% vested after    Year(s) of Service (Not to exceed 3)
	 	 	(X)	 	c.	 	Same as non-Top Heavy vesting schedule (Must be at least as favorable as a or b)
	 	 	(  )	 	d.	 	Other: (Optional vesting schedule must be at least as favorable as a. or b.)

 

	Year(s) of Service
	 	Percent Vesting

	Less than 1	 	 
	1 but less than 2	 	 
	2 but less than 3	 	 
	3 but less than 4	 	 
	4 but less than 5	 	 
	5 but less than 6	 	 
	6 but less than 7	 	 
	7 or More	 	 

	

 	
 	

(  )	
 	

e.	
 	

Not Applicable - No Employer Non-Elective Contributions
	

 	
 	

Matching Accounts:
	 	 	(  )	 	a.	 	Plan Provision
	 	 	(  )	 	b.	 	100% vested after    Year(s) of Service (Not to exceed 3)

12

 

	 	 	(X)	 	c.	 	Same as non-Top Heavy vesting schedule (Must be at least as favorable as a or b)
	 	 	(  )	 	d.	 	Other: (Optional vesting schedule must be at least as favorable as a. or b.)

 

	Year(s) of Service
	 	Percent Vesting

	Less than 1	 	 
	1 but less than 2	 	 
	2 but less than 3	 	 
	3 but less than 4	 	 
	4 but less than 5	 	 
	5 but less than 6	 	 
	6 but less than 7	 	 
	7 or More	 	 

	

 	
 	

(  )	
 	

e.	
 	

Not Applicable - No Matching Contributions.
	
6.	
 	
Re-employment - Section 2.4.4 provides that Years of Service completed after a Break in Service are not counted for purposes of increasing the vested percentage attributable to service
before the Break unless reemployed within 5 years.
	 	 	(X)	 	a.	 	Plan Provision
	 	 	(  )	 	b.	 	Count all service after the Break
	 	 	(  )	 	c.	 	Not applicable - 100% immediate vesting
	
7.	
 	
Forfeitures - Section 2.4.6 provides that forfeitures are determined as of the last day of the Plan Year in which the Participant's entire interest is distributed from the
Plan.
	 	 	(X)	 	a.	 	Plan Provision.
	 	 	(  )	 	b.	 	Determine in Plan Year of 5th consecutive Break in Service.
	 	 	(  )	 	c.	 	Determination as of the Valuation Date coincident with or next following the Distribution Date
	 	 	(  )	 	d.	 	Not applicable - All benefits are fully vested. Leave the remaining items in this Section E blank.
	
8.	
 	
Forfeitures of Non-Elective Contributions shall be applied to (select all applicable):
	 	 	(  )	 	a.	 	Supplement Non-Elective Contributions
	 	 	(X)	 	b.	 	Reduce Non-Elective Contributions
	 	 	(  )	 	c.	 	Reduce Qualified Non-Elective Contributions
	 	 	(  )	 	d.	 	Supplement Matching Contributions
	 	 	(X)	 	e.	 	Reduce Matching Contributions
	
9.	
 	
Forfeitures of Non-Elective Contributions shall be reallocated to participants:
	 	 	(  )	 	a.	 	In the same manner as Non-Elective Contributions
	 	 	(  )	 	b.	 	In proportion to each participant's Compensation
	 	 	(X)	 	c.	 	Not applicable. Forfeitures are applied to reduce contributions.
	

 	
 	
NOTE:	
 	

If the Plan provides for permitted disparity, forfeitures must be allocated under the Plan's allocation formula.
	
10.	
 	
Forfeitures of Matching Contributions shall be applied to: (Select all applicable)
	 	 	(  )	 	a.	 	Supplement Matching Contributions
	 	 	(X)	 	b.	 	Reduce Matching Contributions
	 	 	(  )	 	c.	 	Reduce Qualified Non-Elective Contributions
	 	 	(  )	 	d.	 	Supplement Non-Elective Contributions
	 	 	(X)	 	e.	 	Reduce Non-Elective Contributions

13

 

	
11.	
 	
Forfeitures of Matching Contributions shall be reallocated to participants:
	 	 	(  )	 	a.	 	In the same manner as Non-Elective Contributions
	 	 	(  )	 	b.	 	In proportion to each participant's Compensation
	 	 	(  )	 	c.	 	In proportion to Matching Contributions
	 	 	(  )	 	d.	 	In proportion to Elective Contributions
	 	 	(X)	 	e.	 	Not applicable. Forfeitures are applied to reduce contributions.
	
12.	
 	
Requirement to Share in Allocation of Forfeitures - In order to share in the allocation of Forfeitures which supplement rather than reduce other contributions, a Participant: (Select
all applicable)
	 	 	(  )	 	a.	 	Must be eligible to receive an allocation of the respective type of contribution, i.e. Matching or Non-elective
	 	 	(  )	 	b.	 	Must be employed on the date the forfeiture is determined.
	 	 	(X)	 	c.	 	Not applicable. Forfeitures reduce contributions.
	
13.	
 	
Restoration of Forfeitures - If a Participant is entitled to a restoration of a forfeiture, the amount to be restored shall be restored by:
	 	 	(  )	 	a.	 	An additional contribution by the Employer specifically allocated to the Participant's Account.
	 	 	(X)	 	b.	 	Allocating other forfeitures arising in the year of restoration to the Participant's Account to the extent thereof and an additional contribution by the Employer specifically allocated to the Participant's Account to the
extent that allocable forfeitures are insufficient.
	
F.	
 	
CODA Limitation Provisions
	
1.	
 	
Actual Deferral Percentages - Qualified Non-Elective Contributions may be taken into account for purposes of calculating the ADP-Actual Deferral Percentages. For purposes of the ADP
test in Section 2.7.1, the amount taken into account shall be:
	 	 	(  )	 	a.	 	All Qualified Non-Elective Contributions.
	 	 	(X)	 	b.	 	The Qualified Non-Elective Contributions that are needed to meet the ADP test.
	
2.	
 	
Average Contribution Percentage - The amount of Elective Deferrals and Qualified Non-Elective contributions taken into account as contribution percentage amounts for the purpose of
calculating the ACP-Average Contribution Percentage, subject to such other requirements as may be prescribed by the Secretary of the Treasury, shall be:
	

 	
 	

For elective deferrals:
	 	 	(  )	 	a.	 	All such Elective Deferrals.
	 	 	(X)	 	b.	 	Only those Elective Deferrals that are needed to meet the Average Contribution Percentage test.
	 	 	(  )	 	c.	 	Elective Deferrals are not to be included in the ACP test.
	 	 	(  )	 	d.	 	Not applicable.
	

 	
 	

For Qualified Non-Elective Contributions:
	 	 	(  )	 	e.	 	All such Qualified Non-Elective contributions.
	 	 	(X)	 	f.	 	Only those Qualified Non-Elective Contributions that are needed to meet the Average Contribution Percentage test.
	 	 	(  )	 	g.	 	Qualified Non-Elective Contributions are not to be included in the ACP test.
	 	 	(  )	 	h.	 	Not applicable.
	
3.	
 	
Excess Aggregate Contributions - Forfeitures of Excess Aggregate Contributions pursuant to Section 2.7.7 shall be:
	 	 	(X)	 	a.	 	Applied to reduce Employer contributions.

14

 

	 	 	(  )	 	b.	 	Allocated, after all other forfeitures under the Plan, to each Participant's Matching Contribution Account in the ratio which each Participant's Compensation for the Plan Year bears to the total Compensation of all
Participants for the Plan Year. Such forfeitures will not be allocated to the Account of any Highly Compensated Employee.
	
G.	
 	
Distribution Provisions
	
1.	
 	
Form of Distributions - Section 2.5.2 provides that the Employer may elect to permit Plan distributions to be made in the form of: (Select all applicable)
	 	 	(X)	 	a.	 	Lump sum without regard to amount.
	 	 	(  )	 	b.	 	Lump sum but not to exceed $        .
	 	 	(  )	 	c.	 	Installments over    years payable: (Select one or more)
	 	 	 	 	 	 	(  )	 	c.1.    annually
	 	 	 	 	 	 	(  )	 	c.2.    quarterly
	 	 	 	 	 	 	(  )	 	c.3.    monthly
	 	 	(X)	 	d.	 	Installments over a period of years certain selected by the Participant that is less than the life of the Participant payable (Select one or more.)
	 	 	 	 	 	 	(X)	 	d.1.    annually
	 	 	 	 	 	 	(X)	 	d.2.    quarterly
	 	 	 	 	 	 	(X)	 	d.3.    monthly
	 	 	(  )	 	e.	 	An annuity for not more than
	 	 	(X)	 	f.	 	An annuity for the life of: (Select one or more)
	 	 	 	 	 	 	(X)	 	f.1.    the Participant
	 	 	 	 	 	 	(X)	 	d.2.    the Participant and spouse
	 	 	 	 	 	 	(  )	 	f.3.    the Participant and a designated beneficiary
	 	 	(  )	 	g.	 	An annuity for    years certain and thereafter for the life of: (Select one or more)
	 	 	 	 	 	 	(  )	 	g.1.    the Participant
	 	 	 	 	 	 	(  )	 	g.2.    the Participant and spouse
	 	 	 	 	 	 	(X)	 	g.3.    the Participant and a designated beneficiary
	 	 	(  )	 	h.	 	An annuity for a period certain selected by the Participant that is less than the life of: (Select one or more)
	 	 	 	 	 	 	(  )	 	h.1.    the Participant
	 	 	 	 	 	 	(  )	 	h.2.    the Participant and spouse
	 	 	 	 	 	 	(  )	 	h.3.    the Participant and a designated beneficiary
	

 	
 	
NOTE:	
 	

Any number of options may be selected. Once selected, however, any option may not thereafter be eliminated.
	

 	
 	

 	
 	

 	
 	
If an annuity option of life or longer is selected Qualified Joint and Survivor Annuity provisions are required.
	
2.	
 	
Survivor Annuity Percentage - If a Joint and Survivor Annuity is payable, Section 1.2.37 provides that the normal survivor annuity is 50% of the amount payable during the joint lives of
the participant and spouse, unless the Employer elects a different percentage (Select one):
	 	 	(X)	 	a.	 	Plan Provision - 50%
	 	 	(  )	 	b.	 	Other Percentage -      % (Not less than 50% nor more than 100%)
	 	 	(  )	 	c.	 	Other Percentage selected by the Participant (Not less than 50% or more than 100%
	
3.	
 	
Time of Distribution - Section 2.5.1(b) provides that distributions are deferred to Participants who resign or are discharged prior to retirement until the retirement date unless
the employer elects to permit distributions in advance of such date.
	 	 	(  )	 	a.	 	Plan Provision without advance distribution election.

15

 

	 	 	(X)	 	b.	 	Distributions may be made at the Participant's election within a reasonable period following the Distribution Date.
	
4.	
 	
Distribution Date - Section 2.4.5 provides that, subject to the necessity of obtaining the consent of a Participant and spouse, for the purposes of determining the amount to be
distributed, the Distribution Date:
	

 	
 	

For a Participant who is not fully vested, is
	 	 	(  )	 	a.	 	The Anniversary Date coinciding with or following the date of termination.
	 	 	(X)	 	b.	 	The Valuation Date coinciding with or following the date of termination
	 	 	(  )	 	c.	 	As soon as practical but prior to the Anniversary Date coinciding with or following the date of termination, based on the preceding Valuation Date.
	 	 	(  )	 	d.	 	the () Valuation Date () Anniversary Date following    consecutive Breaks in Service
	 	 	(  )	 	e.	 	The Participant's Normal or Early Retirement Date
	

 	
 	

For a Participant who is fully vested but who terminates employment prior to death, total and permanent disability or retirement at his retirement date is:
	 	 	(  )	 	a.	 	The Anniversary Date coinciding with or following the date of termination
	 	 	(X)	 	b.	 	The Valuation Date coinciding with or following the date of termination
	 	 	(  )	 	c.	 	As soon as practical but prior to the Anniversary Date following the date of termination, based upon the preceding Valuation Date
	 	 	(  )	 	d.	 	The Participant's Normal or Early Retirement Date
	

 	
 	

For a Participant who terminates employment as a result of death, total and permanent disability or retirement at his retirement date, is:
	 	 	(  )	 	a.	 	The Anniversary Date coinciding with or following the date of termination.
	 	 	(X)	 	b.	 	The Valuation Date coinciding with or following the date of termination
	 	 	(  )	 	c.	 	As soon as practical but prior to the Anniversary Date following the date of termination, based upon the preceding Valuation Date
	

 	
 	

In the case of a Participant's interest in an Elective Account, Voluntary Account or Segregated Account attributable to a rollover contribution from another plan, notwithstanding the foregoing, the Distribution Date, is:
	 	 	(  )	 	a.	 	Not applicable - The Distribution Date is determined in the manner indicated above for the fully vested Participants
	 	 	(  )	 	b.	 	The Anniversary Date coinciding with or following the date of termination
	 	 	(X)	 	c.	 	The Valuation Date coinciding with or following the date of termination
	 	 	(  )	 	d.	 	As soon as practical but prior to the Anniversary Date following the date of termination, based upon the preceding Valuation Date.
	
5.	
 	
Hardship Distributions - Section 2.5.5 provides that an Employer may permit distributions to Participants while employed in the event of financial hardship as specified in the
Plan:
	 	 	(  )	 	a.	 	Hardship distributions are permitted.
	 	 	(X)	 	b.	 	Hardship distributions are not permitted.
	

 	
 	

Hardship Distributions may be made from a Participants Account as elected below in c and d, provided that Hardship Distributions of earnings on elective Deferrals may only be made on such earnings credited to the Participant's account as of the end
of the last Plan Year ending before July 1, 1989. Therefore, subject to such limitation, Hardship Distributions may be taken from:
	 	 	(  )	 	c.	 	all of Participant's Accounts.
	 	 	(  )	 	d.	 	only the Participant's Account balances attributable to the following accounts:
	 	 	 	 	 	 	(  )	 	d.1.    Employer Account

16

 

	 	 	 	 	 	 	(  )	 	d.2.    Qualified Non-Elective Contribution Account
	 	 	 	 	 	 	(  )	 	d.3.    Elective Contribution Account
	 	 	 	 	 	 	(  )	 	d.4.    Matching Account
	 	 	 	 	 	 	(  )	 	d.5.    Segregated Account (attributable to a rollover)
	 	 	 	 	 	 	(  )	 	d.6.    Voluntary Account
	
6.	
 	
In Service Distributions - Section 2.5.6 provides that an Employer may permit distributions to fully vested Participants over the age of 591/2 prior to
termination of employment if the amounts withdrawn have been allocated to the Participant for two (2) or more years or the Participant has been a Participant for at least five (5) years. (Select all applicable)
	 	 	(  )	 	a.	 	Plan Provision.
	 	 	(  )	 	b.	 	Require that amounts have been allocated for    years. (Must be at least 2)
	 	 	(  )	 	c.	 	Require participation for at least    years. (Must be at least 5)
	 	 	(  )	 	d.	 	In Service Distributions are permitted upon reaching Normal Retirement Date
	 	 	(  )	 	e.	 	In Service Distribution are permitted for amounts attributable to a rollover from another plan regardless of age or periods of participation
	 	 	(X)	 	f.	 	In Service Distributions are not permitted.
	
7.	
 	
Qualified Domestic Relations Orders - Section 3.12.9 provides that the Employer may elect to permit distributions to an alternate payee pursuant to the terms of a qualified domestic
relations order even if the Participant continues to be employed. (Select one)
	 	 	(  )	 	a.	 	Distributions to an alternate payee are not permitted while the Participant continues to be employed.
	 	 	(X)	 	b.	 	Distributions to an alternate payee are permitted while the Participant continues to be employed.
	
H.	
 	

Other Administrative Provisions
	
1.	
 	
Earnings - Section 3.1.2 permits the Employer to specify the manner in which earnings are allocated to Participants who receive distributions on any date other than a Valuation Date.
Select any of the following:
	 	 	(  )	 	a.	 	Earnings will be credited solely as of the immediately preceding Valuation Date.
	 	 	(X)	 	b.	 	Actual earnings will be credited to the date of distribution.
	 	 	(  )	 	c.	 	Earnings will be credited solely as of the immediately preceding Valuation Date if distribution is within    days of such Valuation Date and will be credited to date of distribution
otherwise.
	 	 	(  )	 	d.	 	Earnings will be credited to the date of distribution based upon an estimate of earnings equal to      % annually.
	 	 	(  )	 	e.	 	Earnings will be credited to the date of distribution based upon an estimate of earnings equal to the average rate of earnings during the preceding
	 	 	 	 	 	 	(  )	 	e.1.    Valuation Period.
	 	 	 	 	 	 	(  )	 	e.2.    Plan Year.
	 	 	 	 	 	 	(  )	 	e.3.        Valuation Periods.
	
2.	
 	
Loans - Section 3.7.1 provides that the Employer may elect to permit loans to Participants and Beneficiaries in accordance with a participant loan program adopted by the
Trustee.
	 	 	(X)	 	a.	 	Loans are permitted.
	 	 	(  )	 	b.	 	Loans are not permitted.
	
3.	
 	
Rollovers - Section 3.11.3 authorizes the Employer to permit the transfer of interests in other qualified plans to the Plan.
	 	 	(  )	 	a.	 	Rollover contributions are not permitted.
	 	 	(  )	 	b.	 	Rollover contributions are permitted only from other plans of the Employer

17

 

	 	 	(  )	 	c.	 	Rollover contributions are permitted only by Employees who have satisfied the conditions for participation.
	 	 	(X)	 	d.	 	Rollover contributions are permitted from any employee even if not otherwise eligible to be a Participant.
	
4.	
 	
Investment Control - Section 3.6.5 provides that the Employer may elect to permit Participants to control the investment of their Accounts.
	 	 	(  )	 	a.	 	Participants may not control their investments.
	 	 	(  )	 	b.	 	Participants may control the investment of their Accounts if fully vested in the Account.
	 	 	(  )	 	c.	 	Participants may control the investment of their Accounts to the extent vested.
	 	 	(X)	 	d.	 	Participants may control their investments without regard to their vested interest.
	 	 	(X)	 	e.	 	Participants may control their investments solely with respect to amounts attributable to: (Select all applicable)
	 	 	 	 	 	 	(X)	 	e.1.    Non-Elective Contributions
	 	 	 	 	 	 	(X)	 	e.2.    Qualified Non-Elective Contributions
	 	 	 	 	 	 	(X)	 	e.3.    Elective Contributions
	 	 	 	 	 	 	(X)	 	e.4.    Matching Contributions
	 	 	 	 	 	 	(X)	 	e.5.    Voluntary Contributions
	 	 	 	 	 	 	(X)	 	e.6.    Amounts rolled over and held in a Segregated Account
	
5.	
 	
Top Heavy Assumptions - (This question applies only if the Employer has a Defined Benefit plan.) The interest rate used to establish the Present Value of Accrued Benefits in order to
calculate the top heavy ratio under IRC Section 416 shall be        % and the mortality tables used shall be        .
	
6.	
 	
Valuation Date - For purposes of computing the top-heavy ratio, the Valuation Date is (Select one):
	 	 	(  )	 	a.	 	the first day of Plan Year.
	 	 	(X)	 	b.	 	the last day of the Plan Year.
	 	 	(  )	 	c.	 	Other - Specify.    /    (Must be at least annually)
	
7.	
 	
Single Plan Minimum Top-Heavy Allocation - For purposes of minimum top-heavy allocations, contributions and forfeitures equal to the following percentage of each non-Key Employee's
compensation will be allocated to the Employee's account when the Plan is top-heavy (Select one):
	 	 	(X)	 	a.	 	3% or the highest percentage allocated to any Key Employee if less.
	 	 	(  )	 	b.	 	    % (Must be at least 3).
	
8.	
 	
Multiple Plans Provision - The Employer which maintains or ever maintained another qualified defined benefit plan or welfare benefit fund or individual medical account in which any
participant in the Plan is, was or could become a participant adds the following optional provision which it deems necessary to satisfy Section 415 or 416 of the Code because of the required aggregation of multiple plans: (Select one)
	 	 	(X)	 	a.	 	Not applicable (No other plan or other plan terminated prior to the Effective Date of this Adoption Agreement).
	 	 	(  )	 	b.	 	A minimum contribution allocation of 5% of each Non-Key Participant's total compensation shall be provided in a defined contribution plan of the Employer.
	 	 	(  )	 	c.	 	A minimum contribution allocation of 7.5% of each Non-Key Participant's total compensation shall be provided in a defined contribution plan of the Employer.
	 	 	(  )	 	d.	 	A minimum benefit of    % (must be at least the lesser of 2% times years of service or 20%) of each Non-Key Participant's total compensation shall be provided in a defined benefit plan of the
Employer.

18

 

	 	 	(  )	 	e.	 	A minimum benefit of    % (must be the lesser of 2% times years of service or 20%) of each Non-Key Participant's total compensation shall be provided in a defined benefit plan of the Employer but offset
by the amount contributed on such participant's behalf under any defined contribution plan of the Employer.
	 	 	(  )	 	f.	 	Other - Specify.
	

 	
 	
NOTE:	
 	

The method selected must preclude Employer discretion and the Employer must obtain a determination letter in order to continue reliance on the Plan's qualified status.
	
9.	
 	
Multiple Defined Contribution Plans - If the Participant is covered under another qualified defined contribution plan maintained by the Employer, other than a master or prototype plan:
(Select one)
	 	 	(X)	 	a.	 	Not applicable.
	 	 	(  )	 	b.	 	The provisions of this Plan limiting annual additions will apply as if the other plan is a master or prototype plan.
	 	 	(  )	 	c.	 	Other - Specify.
	

 	
 	
NOTE:	
 	

Specify the method under which the plans will limit total annual additions to the maximum permissible amount, and will property reduce any excess amounts in a manner that precludes Employer discretion.
	
10.	
 	
Top Heavy Duplications - The Employer who maintains two or more Defined Contribution plans makes the following election:
	 	 	(X)	 	a.	 	Not applicable.
	 	 	(  )	 	b.	 	A minimum non-integrated contribution of 3% of each Non-Key Participant's Compensation shall be provided by:
	 	 	 	 	 	 	(  )	 	b.1.    this Plan.
	 	 	 	 	 	 	(  )	 	b.2.    the following defined contribution plan:
	

 	
 	

(  )	
 	

c.	
 	

Other - Specify.
	

 	
 	
NOTE:	
 	

The method selected must preclude Employer discretion and avoid inadvertent omissions, including any adjustments required under Code Section 415(e). The Employer must obtain a determination letter in order to continue reliance on the Plan's qualified
status.
	
11.	
 	
Annual Addition Limitation - If a Participant is or has ever been a participant in a defined benefit pension plan maintained by the Employer, Section 3.2.1(c) provides that Annual
Additions shall be limited.
	 	 	(  )	 	a.	 	Not applicable
	 	 	(X)	 	b.	 	The contribution to the Plan allocable to the Participant shall be reduced so that the limitations are not exceeded.
	 	 	(  )	 	c.	 	Other - Specify
	

 	
 	
NOTE:	
 	

specify the method under which the plans will limit total additions to the maximum permissible amount, and will properly reduce any excess amounts in a manner that precludes employer discretion.
	
12.	
 	
Section 415 Compensation Definition. For purposes of calculating an Employee's compensation pursuant to Section 3.2.1(h), relating to limitations on contributions and benefits,
Compensation means all of each Participant's
	 	 	(X)	 	a.	 	Wages as computed for Wages, Tips, and Other Compensation Box on Form W-2.
	 	 	(  )	 	b.	 	Section 3401(a) wages.
	 	 	(  )	 	c.	 	Section 415 safe harbor compensation.

19

 

The
Following Amendments to the Main Street Bank 401(K) Profit Sharing Plan and Trust are word-for-word identical to the Model Amendments provided in "IRS Revenue Procedure 96-49 Model Amendments
under Section 414(u) of the Internal Revenue Code, as it appeared in Internal Revenue Bulletin 1996-43, dated October 8, 1996," and are hereby adopted March 1, 1997. 

 
 

Uniformed Services Employment and Reemployment Rights Act
  Model Amendments    
  

Amendment 1:  

"Notwithstanding any provision of this plan to the contrary, contributions, benefits and service credit with respect to qualified military service will be provided in
accordance with section 414(u) of the Internal Revenue Code." 

Amendment 2:  

"Loan repayments will be suspended under this plan as permitted under section 414(u)(4) of the Internal Revenue Code." 

20

 
 
 

Main Street Bank 401(K) Profit Sharing Plan and Trust    
    
    Money Purchase Plan to Profit Sharing Plan Transfers
  Model Amendment
  (For all Profit Sharing and 401(k) Plans)    
  

The
following Model Plan Amendment is word for word identical to the language provided in IRS Revenue Procedure 96-55. 

This
amendment is effective March 1, 1997. 

Notwithstanding
any provision of this plan to the contrary, to the extent that any optional form of benefit under this plan permits a distribution prior to the employee's retirement, death,
disability, or severance from employment and prior to plan termination, the optional form of benefit is not available with respect to benefits attributable to assets (including the post-transfer
earnings thereon) and liabilities that are transferred, within the meaning of Section 414(1) of the Internal Revenue Code, to this plan from a money purchase pension qualified under Section
401(a) of the Internal Revenue Code (other than any portion of those assets and liabilities attributable to voluntary employee contributions). 

21

QuickLinks

Exhibit 4.4

Main Street Bank 401(k) Profit Sharing Plan and Trust Adoption Agreement

Uniformed Services Employment and Reemployment Rights Act Model Amendments

Main Street Bank 401(K) Profit Sharing Plan and Trust Money Purchase Plan to Profit Sharing Plan Transfers Model Amendment (For all Profit Sharing and 401(k) Plans)

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