Document:

exhibit10g.htm

    Exhibit
      10(g)

     

    

     

    

     

    

     

    

     

    INVACARE

    RETIREMENT
      SAVINGS
      PLAN

     

    Effective:  January
      1, 2001

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    

    TABLE
      OF
      CONTENTS

    
 

    
      	 	
               ARTICLE
                NO.

            
	
              NAME
                AND PURPOSE

            	
              1

            
	
              DEFINITIONS

            	
              2

            
	
              PARTICIPATING
                EMPLOYERS

            	
              3

            
	
              ELIGIBILITY
                AND PARTICIPATION

            	
              4

            
	
              SALARY
                DEFERRAL CONTRIBUTIONS

            	
              5

            
	
              PARTICIPATING
                EMPLOYER CONTRIBUTIONS

            	
              6

            
	
              TRUST
                FUNDS AND DIRECTION OF INVESTMENT

            	
              7

            
	
              ACCOUNTS

            	
              8

            
	
              WITHDRAWALS
                FROM ACCOUNTS

            	
              9

            
	
              HARDSHIP
                DISTRIBUTIONS

            	
              10

            
	
              PARTICIPANT
                LOANS

            	
              11

            
	
              TERMINATION
                OF EMPLOYMENT

            	
              12

            
	
              RETIREMENT
                AND DISABILITY BENEFITS

            	
              13

            
	
              DEATH
                BENEFITS

            	
              14

            
	
              DISTRIBUTIONS

            	
              15

            
	
              ADMINISTRATION

            	
              16

            
	
              PROHIBITION
                AGAINST ALIENATION

            	
              17

            
	
              AMENDMENT
                AND TERMINATION

            	
              18

            
	
              LIMITATIONS
                ON CONTRIBUTIONS

            	
              19

            
	
              LIMITATION
                ON ANNUAL ADDITIONS

            	
              20

            
	
              ROLLOVERS
                AND TRANSFERS INVOLVING OTHER

            	 
	
                
                QUALIFIED RETIREMENT PLANS

            	
              21

            
	
              SPECIAL
                PROVISIONS WITH RESPECT TO SHARES

            	
              22

            
	
              TOP-HEAVY
                PROVISIONS

            	
              23

            
	
              MISCELLANEOUS

            	
              24

            

    

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

     

    
      TABLE
        OF
        CONTENTS

    

     

    
      	 	
              ARTICLE
                NO.

            
	
              ACCOUNTS

            	
              8

            
	
              ADMINISTRATION

            	
              16

            
	
              AMENDMENT
                AND TERMINATION

            	
              18

            
	
              DEATH
                BENEFITS

            	
              14

            
	
              DEFINITIONS

            	
              2

            
	
              DISTRIBUTIONS

            	
              15

            
	
              ELIGIBILITY
                AND PARTICIPATION

            	
              4

            
	
              HARDSHIP
                DISTRIBUTIONS

            	
              10

            
	
              LIMITATION
                ON ANNUAL ADDITIONS

            	
              20

            
	
              LIMITATIONS
                ON CONTRIBUTIONS

            	
              19

            
	
              MISCELLANEOUS

            	
              24

            
	
              NAME
                AND PURPOSE

            	
              1

            
	
              PARTICIPANT
                LOANS

            	
              11

            
	
              PARTICIPATING
                EMPLOYER CONTRIBUTIONS

            	
              6

            
	
              PARTICIPATING
                EMPLOYERS

            	
              3

            
	
              PROHIBITION
                AGAINST ALIENATION

            	
              17

            
	
              RETIREMENT
                AND DISABILITY BENEFITS

            	
              13

            
	
              ROLLOVERS
                AND TRANSFERS INVOLVING OTHER

            	 
	
                
                QUALIFIED RETIREMENT PLANS

            	
              21

            
	
              SALARY
                DEFERRAL CONTRIBUTIONS

            	
              5

            
	
              SPECIAL
                PROVISIONS WITH RESPECT TO SHARES

            	
              22

            
	
              TERMINATION
                OF EMPLOYMENT

            	
              12

            
	
              TOP-HEAVY
                PROVISIONS

            	
              23

            
	
              TRUST
                FUNDS AND DIRECTION OF INVESTMENT

            	
              7

            
	
              WITHDRAWALS
                FROM ACCOUNTS

            	
              9

            

    

     

     

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    AMENDMENT
      AND
      RESTATEMENT

    OF
      THE

    INVACARE
      CORPORATION

    PROFIT
      SHARING AND SAVINGS
      TRUST AND PLAN

    AS
      THE

    INVACARE

    RETIREMENT
      SAVINGS
      PLAN

    THIS
      AMENDMENT AND RESTATEMENT is
      adopted by INVACARE CORPORATION, a corporation organized and existing under
      the
      laws of the State of Ohio  (hereinafter called the
“Company”);

     

    W
      I T N E S S E T
      H:

    WHEREAS,
      effective January 1, 1988, the
      Company established the Invacare Corporation Profit Sharing and Savings Trust
      and Plan (hereinafter called the “Profit Sharing Plan”); and

    WHEREAS,
      under the terms of the Plan,
      the Company reserved the right to amend the Plan by action of its Board of
      Directors; and

    WHEREAS,
      it is the desire of the
      Company to amend and restate the Profit Sharing Plan in order to reflect the
      merger of the Invacare Corporation Employees’ Stock Bonus Trust and Plan into
      the Profit Sharing Plan, to bring the Profit Sharing Plan into compliance with
      the General Agreement on Tariffs and Trade, the Uniformed Services Employment
      and Reemployment Rights Act of 1994, the Small Business Job Protection Act
      of
      1996, the Taxpayer Relief Act of 1997, and the Economic Growth and Tax Relief
      Reconciliation Act of 2001, and to make certain other desirable
      changes;

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    NOW,
      THEREFORE, in consideration of the
      mutual covenants, conditions and agreements herein contained, it is mutually
      agreed that the Profit Sharing Plan be amended and restated as the Invacare
      Retirement Savings Plan (hereinafter called the “Plan”), such Amendment and
      Restatement being generally effective as of the first day of January, 2001,
      as
      follows:

    

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    ARTICLE
      1

     

    NAME
      AND
      PURPOSE

     

    1.1           
      Name and
      Purpose.  The name of this Plan shall be INVACARE RETIREMENT
      SAVINGS PLAN.  The purpose of this Plan is to provide benefits to the
      Participants in this Plan upon their retirement, termination of employment
      or
      the happening of certain contingencies as hereinafter described, to provide
      such
      other benefits to such Participants and their Beneficiaries as are hereinafter
      described and to provide such Participants with a method of acquiring a stock
      ownership interest in the Company, through the maintenance within this Plan
      of a
      stock bonus plan feature.

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    ARTICLE
      2

     

    DEFINITIONS

     

    Unless
      the context otherwise indicates,
      the following terms used herein shall have the following meanings whenever
      used
      in this instrument:

    2.1           
      Account or
      Accounts.  The word “Account” or “Accounts” shall mean “Salary
      Deferral Accounts”, “Matching Contribution Accounts”, “Stock Bonus Accounts”,
“After-Tax Accounts”, “Profit Sharing Accounts”, “Employer Contribution
      Accounts”, and “Rollover Accounts”, as more fully described in Article 8
      hereof.

    2.2           
      Active
      Participant.  The words “Active Participant” shall mean, except
      as provided in Section 4.4, a Participant who is a Covered
      Employee.

    2.3           
      Administrator.  The
      word “Administrator” shall mean the person or persons, corporation or
      partnership designated as Administrator under Article 16 hereof.

    2.4           
      Adoption
      Date.  The words “Adoption Date” shall mean, with respect to a
      Participating Employer, the date as of which it shall have become a
      Participating Employer in accordance with Article 3 hereof.

    2.5           
      Affiliate.  The
      word “Affiliate” shall mean any corporation or business organization during any
      period in which it is a member of a controlled group of corporations or trades
      or businesses which includes the Company within the meaning of Sections 414(b)
      and 414(c) of the Code, is a member of an affiliated service group which
      includes the Company within the meaning of Section 414(m) of the Code or is
      part of any other arrangement as defined in regulations under Section 414(o)
      of
      the Code which includes the Company, but, in each case, only during the periods
      any corporation or business organization would be so defined.

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    2.6           
      Allocation
      Date.  The words “Allocation Date” shall mean the last day of
      each calendar year quarter ending after the Restatement Date.

    2.7           
      Alternate
      Payee.  The words “Alternate Payee” shall mean any spouse,
      former spouse, child or other dependent of a Participant or former Participant
      who is recognized by a Domestic Relations Order as having a right to receive
      all, or a portion of, such Participant’s or former Participant’s Account
      balances.

    2.8           
      Annuity Elimination
      Date.  The words “Annuity Elimination Date” shall mean the
      later of:

    
      	
               

            	
              (a)

            	
              September
                1, 2001; and 

            

    

     

    
      	
               

            	
              (b)

            	
              ninety
                (90) days after a Summary of Material Modifications to this Plan
                is given
                to the Participants describing the elimination of annuity forms of
                payment. 

            

    

     

    2.9           
      Annuity Starting
      Date.  The words “Annuity Starting Date” shall mean for a
      Participant the first day of the first period for which he receives an amount
      as
      an annuity by reason of his retirement or Termination of Employment under the
      terms of this Plan, or in the case of a benefit which is not payable in the
      form
      of an annuity, the first day on which all events have occurred which entitled
      the Participant to such benefit.

    2.10           
      Beneficiary.  The
      word “Beneficiary” shall mean any person, other than an Alternate Payee as
      defined in Section 2.7 hereof, who receives or is designated to receive payment
      of any benefit under the terms of this Plan because of the participation of
      another person in this Plan.

    2.11           
      Board of Directors
      or
      Board.  The words “Board of Directors” or “Board” shall mean
      the board of directors of the Company.

    2.12           
      Code.  The
      word “Code” shall mean the Internal Revenue Code of 1986, as such may be amended
      from time, and any lawful regulations or rulings thereunder.

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    2.13           
      Committee.  The
      word “Committee” shall mean the Administrative Committee which shall be invested
      by the Board of Directors with the power to administer the Plan as further
      provided in Article 16 hereof.

    2.14           
      Company.  The
      word “Company” shall mean INVACARE CORPORATION or any successor corporation or
      business organization which shall assume the obligations of the Company under
      this Plan as provided herein with respect to the Participants.  Any
      actions which the Company is required or authorized to take hereunder shall
      be
      taken by the Board of Directors or any committee or officer duly authorized
      by
      the Board of Directors.

    2.15           
      Compensation.  The
      word “Compensation” generally shall mean all remuneration paid in cash to a
      Participant during a Plan Year for services rendered to a Participating
      Employer, specifically including but not limited to wages, salaries,
      commissions, overtime, bonuses, whether discretionary or non-discretionary,
      incentive pay, vacation pay, severance (salary continuation) pay, holiday pay,
      and, short-term disability pay.  Compensation shall also be increased
      for salary reduction amounts which are excluded from the taxable income of
      the
      Participant under Sections 125, 132(f)(4), 402(e)(3) and 402(h) of the
      Code.

    Compensation
      shall not include any of
      the following amounts:

    
      	
               

            	
              (a)

            	
              expense
                reimbursements, expense allowances, or moving expenses;
                

            

    

     

    
      	
               

            	
              (b)

            	
              any
                cash and non-cash fringe benefits and welfare benefits;
                

            

    

     

    
      	
               

            	
              (c)

            	
              deferred
                compensation; 

            

    

     

    
      	
               

            	
              (d)

            	
              all
                amounts related to stock options, whether qualified or nonqualified;
                

            

    

     

    
      	
               

            	
              (e)

            	
              miscellaneous
                earnings, including but not limited to periodic payments to certain
                Employees in lieu of a parking subsidy;

            

    

     

    
      	
               

            	
              (f)

            	
              vacation
                pay in lieu of time off for Participants whose employment with the
                Participating Employers and Affiliates has terminated;
                

            

    

     

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    
      	
               

            	
              (g)

            	
              earnings
                or benefits paid on behalf of a deceased Participant;
                

            

    

     

    
      	
               

            	
              (h)

            	
              prizes
                or awards; 

            

    

     

    
      	
               

            	
              (i)

            	
              unused
                sick pay; 

            

    

     

    
      	
               

            	
              (j)

            	
              automobile
                expenses; 

            

    

     

    
      	
               

            	
              (k)

            	
              tuition
                reimbursements; and 

            

    

     

    
      	
               

            	
              (l)

            	
              meal
                allowances. 

            

    

     

    Compensation
      also shall not include any remuneration paid to a Participant during a period
      in
      which he is not an Active Participant in this Plan.

    In
      addition, a Participant’s
      Compensation shall not exceed One Hundred Seventy Thousand Dollars ($170,000.00)
      or, effective January 1, 2002, Two Hundred Thousand Dollars ($200,000) (plus
      any
      adjustment for cost-of-living or otherwise as shall be prescribed by the
      Secretary of the Treasury pursuant to Sections 401(a)(17)(B) and 415(d) of
      the
      Code).

    2.16           
      Covered
      Employee.  The words “Covered Employee” shall mean any Employee
      of a Participating Employer, excluding:

    
      	
               

            	
              (a)

            	
              an
                Employee whose terms and conditions of employment are covered by
                a
                collective bargaining agreement which does not require him to be
                included
                in this Plan; 

            

    

     

    
      	
               

            	
              (b)

            	
              an
                individual employed in a capacity categorized by the Company as a
                Leased
                Person, regardless of his status as may be determined otherwise by
                the
                Commissioner of the Internal Revenue Service or other government
                entity or
                any court or tribunal; 

            

    

     

    
      	
               

            	
              (c)

            	
              a
                temporary employee; 

            

    

     

    
      	
               

            	
              (d)

            	
              an
                Employee who is neither a resident nor a citizen of the United States
                of
                America and who receives no earned income, within the meaning of
                Code
                Section 911(b) from the Participating Employers or their Affiliates
                which
                constitutes income from sources within the United States, within
                the
                meaning of Code Section 861(a)(3) (“non-resident alien”);
                

            

    

     

    
      	
               

            	
              (e)

            	
              an
                individual employed in a capacity categorized by the Company as an
                “independent contractor” pursuant to a written or oral
                

            

    

     

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    
      	
               

            	
              agreement
                with a Participating Employer, regardless of his status as may be
                determined otherwise by the Commissioner of the Internal Revenue
                Service
                or other government entity; and 

            

    

     

    
      	
               

            	
              (f)

            	
              an
                Employee who is employed in accordance with an employment, consulting
                or
                other arrangement, the terms and conditions of which preclude his
                participation in this Plan. 

            

    

     

    Any
      such Employee shall cease to be a
      Covered Employee upon the earliest to occur of:

    
      	
               

            	
              (a)

            	
              his
                Termination of Employment; 

            

    

     

    
      	
               

            	
              (b)

            	
              his
                ceasing to be employed by a Participating Employer;
                

            

    

     

    
      	
               

            	
              (c)

            	
              the
                terms and conditions of his employment becoming covered by a collective
                bargaining agreement which does not require him to be included in
                this
                Plan; 

            

    

     

    
      	
               

            	
              (d)

            	
              his
                becoming a non-resident alien; or 

            

    

     

    
      	
               

            	
              (e)

            	
              his
                becoming a Leased Employee, an independent contractor or an Employee
                who
                is employed in accordance with an employment, consulting or other
                arrangement, the terms and conditions of which preclude his participation
                in this Plan. 

            

    

     

    2.17           
      Date of
      Hire.  The words “Date of Hire” shall mean the first day during
      which an Employee performs an Hour of service for a Participating Employer
      or
      any Affiliate for which he is directly or indirectly compensated or the first
      day for which the Employee is paid any back pay pursuant to an award or
      agreement.  In the case of a rehired Employee, “Date of Hire” shall
      mean the first day following his previous Termination of Employment during
      which
      the Employee performs an Hour of service for a Participating Employer or any
      Affiliate for which he is directly or indirectly compensated or the first day
      following his previous Termination of Employment for which the Employee is
      paid
      any back pay pursuant to an award or agreement.

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    2.18           
      Domestic Relations
      Order.  The words “Domestic Relations Order” shall mean, with
      respect to any Participant or former Participant, any judgment, decree or order
      (including approval of a property settlement agreement) which both:

    
      	
               

            	
              (a)

            	
              relates
                to the provisions of child support, alimony payments or marital property
                rights to a spouse, former spouse, child or other dependent of the
                Participant or former Participant; and

            

    

     

    
      	
               

            	
              (b)

            	
              is
                made pursuant to a State domestic relations law (including a community
                property law). 

            

    

     

    2.19           
      Effective
      Date.  The words “Effective Date” of this Plan shall mean
      January 1, 1988.

    2.20           
      Eligibility Break
      In
      Service.  The words “Eligibility Break In Service” shall mean a
      Plan Year, ending after an Employee’s Termination of Employment, during which he
      did not complete more than five hundred (500) Hours for a Participating Employer
      or an Affiliate.  Notwithstanding the foregoing provisions of this
      Section, in the event any Employee ceases to be actively employed by a
      Participating Employer or an Affiliate either:

    
      	
               

            	
              (a)

            	
              by
                reason of the pregnancy of such Employee; or

            

    

     

    
      	
               

            	
              (b)

            	
              by
                reason of the birth of a child of such Employee; or
                

            

    

     

    
      	
               

            	
              (c)

            	
              by
                reason of the placement of a child with such Employee in connection
                with
                the adoption of such child by such Employee; or

            

    

     

    
      	
               

            	
              (d)

            	
              by
                reason of caring for such child for a period beginning immediately
                following such birth or placement; 

            

    

     

    such
      Employee shall, solely for the purposes of determining whether such Employee
      has
      incurred an Eligibility Break In Service pursuant to this Section, be credited
      either with the Hours of service which otherwise would normally have been
      credited to such Employee but for such absence or, in any case in which the
      Administrator is unable to determine the Hours described in the preceding
      clause, eight (8) hours per day of such absence; provided, however,

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    that
      the
      total number of Hours of service which an Employee may be credited with by
      reason of any such pregnancy, birth or placement shall not exceed five hundred
      one (501) hours.  An Employee shall be credited with the Hours of
      service described in the preceding sentence only in the Plan Year in which
      the
      absence from work begins if the Employee would be prevented from incurring
      an
      Eligibility Break In Service in such Plan Year solely because the Employee
      is
      credited with Hours of service pursuant to the preceding sentence or, in any
      other case, in the immediately following Plan Year.

    2.21           
      Eligibility
      Service.  The words “Eligibility Service” shall mean for any
      Employee his period of Service (as defined in Section 2.50 hereof), excluding
      any period of Service prior to a Termination of Employment if both of the
      following apply:

    
      	
               

            	
              (a)

            	
              he
                shall have incurred at least five (5) consecutive Eligibility Breaks
                In
                Service since the last day of such Eligibility Service; and
                

            

    

     

    
      	
               

            	
              (b)

            	
              his
                Eligibility Service is less than or equal to the number of consecutive
                Eligibility Breaks In Service which he had after the last day of
                such
                Eligibility Service. 

            

    

     

    2.22           
      Employee.  The
      word “Employee” shall mean any common law employee, whether compensated on a
      salaried basis, an hourly wage rate basis or a commission-only basis, of a
      Participating Employer or any Affiliate and shall also include a Leased
      Person.  The word “Employee” shall not include any person who renders
      service to a Participating Employer solely as a director or independent
      contractor.

    2.23           
      Enrollment
      Date.  The words “Enrollment Date” shall mean for purposes of
      Article 4 hereof, the first day of any calendar month beginning on and after
      the
      Restatement Date.

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    2.24           
      ERISA.  The
      acronym “ERISA” shall mean the Employee Retirement Income Security Act of 1974,
      as such may be amended from time to time, and any lawful regulations or rulings
      thereunder.

    2.25           
      Fair Market
      Value.  The words “Fair Market Value” shall mean with respect
      to the Shares that price at which a Share would change hands between a willing
      buyer and a willing seller, neither being under any compulsion to buy or sell
      and both having reasonable knowledge of the relevant facts, including (but
      not
      limited to) the nature and history of the business, current and prospective
      economic conditions, book values, current asset values, earnings capacity,
      dividend-paying capacity, goodwill, rates of capitalization for comparable
      businesses, recent sales of Shares (if any), market value of comparable
      businesses, lack of established marketability, contractual conditions which
      restrict transfer and the effect of loss of key men.  In the event the
      Shares are not readily tradable on an established securities market, the Trustee
      shall rely, for all purposes under this Plan, upon an independent appraisal
      as
      described in Section 401(a)(28) of the Code.  In the event Shares are
      readily tradable on an established securities market, the Fair Market Value
      of a
      Share shall be determined with reference to appropriate market
      quotations.

    2.26           
      Highly Compensated
      Employee.  The words “Highly Compensated Employee” shall mean
      an Employee who is a “highly compensated employee” for a Plan Year as described
      in Section 414(q) of the Code which is hereby incorporated by reference and
      who is described for informational purposes herein as an Employee during a
      Plan
      Year if either:

    
      	
               

            	
              (a)

            	
              during
                the preceding Plan Year, he: 

            

    

     

    
      	
               

            	
              (i)

            	
              was
                at any time a five percent (5%) actual or constructive owner of a
                Participating Employer and its Affiliates; or

            

    

     

    
      	
               

            	
              (ii)

            	
              received
                Testing Compensation from a Participating Employer and its Affiliates
                greater than Eighty Thousand 

            

    

     

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    
      	
               

            	
              Dollars
                ($80,000.00) (plus any increase for cost of living after 1998 as
                determined by the Secretary of the Treasury or his delegate) and,
                if the
                Company so elects, was in the “Top Paid Group” of Employees of a
                Participating Employer and its Affiliates for such Plan Year; or
                

            

    

     

    
      	
               

            	
              (b)

            	
              during
                the current Plan Year, he was at any time a five percent (5%) or
                more
                actual or constructive owner of a Participating Employer and its
                Affiliates. 

            

    

     

    

    2.27           
      Hour.  The
      word “Hour” shall mean for any Employee the actual number of hours for which he
      is directly or indirectly paid by a Participating Employer or any Affiliate
      for
      the performance of duties either as regular wages, salary or commissions, or
      for
      reasons other than the performance of duties such as vacation or holiday pay,
      and in either case, including payments pursuant to an award or agreement
      requiring a Participating Employer or an Affiliate to pay back wages,
      irrespective of mitigation of damages.  Hours due to a back pay award
      or agreement shall be credited in the year or years to which the award or
      agreement pertains, rather than in the year or years in which the award,
      agreement or payment is made and shall be credited only to the extent such
      hours
      are not otherwise credited.  For purposes of this Plan, any hours
      which are compensated at overtime or premium rates shall be computed as
      straight-time Hours.  Hours under this paragraph shall be calculated
      and credited pursuant to Section 2530.200b-2(b) and (c) of the Department of
      Labor Regulations which are incorporated herein by reference.  An
      Employee who is not paid on the basis of the actual number of hours worked
      shall
      be credited with 45 hours for each week during which such Employee is credited
      with at least one (1) Hour.  Notwithstanding the
      foregoing,

    
      	
               

            	
              (a)

            	
              no
                Employee shall be credited with more than 501 hours with respect
                to
                payments he receives or is entitled to receive during any single
                continuous period (whether or not such period occurs in a single
                Plan
                Year) during which he performs no services for a Participating Employer
                or
                an Affiliate (irrespective of whether he has terminated employment)
                due to
                vacation, holiday, illness, 

            

    

     

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    
      	
               

            	
              incapacity
                (including disability), layoff, jury duty, military duty, or Leave
                of
                Absence; 

            

    

     

    
      	
               

            	
              (b)

            	
              no
                Employee shall be credited with hours with respect to payments he
                receives
                or is entitled to receive during a period when he performs no services
                for
                a Participating Employer or an Affiliate under a plan maintained
                solely
                for the purpose of complying with applicable workers’ compensation,
                unemployment compensation, disability insurance or Federal Social
                Security
                laws; and 

            

    

     

    
      	
               

            	
              (c)

            	
              no
                Employee or former Employee shall be credited with hours with respect
                to
                payments he receives or is entitled to receive under a pension benefit
                plan to which a Participating Employer or an Affiliate has contributed
                during a period when he performs no services for a Participating
                Employer
                or an Affiliate. 

            

    

     

    2.28           
      Invacare Segregated
      Stock Fund.  The words “Invacare Segregated Stock Fund” shall
      mean a fund which is invested solely in whole Shares and cash for any fractional
      Share credited to such fund.  It is intended that only such cash as is
      needed to reflect a fractional Share credited to such fund and as is reserved
      to
      make cash distributions to Participants will be held in the Invacare Segregated
      Stock Fund.

    2.29           
      Investment
      Fund.  The words “Investment Fund” shall mean a fund, other
      than the Invacare Segregated Stock Fund, established, maintained and
      administered by the Trustee pursuant to Articles 7 and 15 hereof.

    2.30           
      Leased
      Person.  The words “Leased Person” shall mean, on and after
      January 1, 1997, any individual (other than a common-law Employee of a
      Participating Employer or an Affiliate) who, pursuant to an agreement between
      a
      Participating Employer or an Affiliate and any leasing organization, has
      performed services for the Participating Employer or an Affiliate or for related
      persons, as determined in accordance with Code Section 414(n)(6), on a
      substantially full-time basis for a period of at least one (1) year;
      provided, however, that such services are performed under the primary direction
      or control of such Participating Employer.  Contributions or benefits
      provided on behalf of a Leased Person by the leasing organization

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    which
      are
      attributable to services performed for the Participating Employer shall be
      treated as provided by the Participating Employer.

    A
      Leased Person shall not be considered
      an Employee of a Participating Employer if:

    
      	
               

            	
              (a)

            	
              such
                Leased Person is covered by a money purchase pension plan which provides
                the following: 

            

    

     

    
      	
               

            	
              (i)

            	
              a
                nonintegrated employer contribution formula of at least ten percent
                (10%)
                of a Leased Person’s Compensation, as defined in Section 2.15 hereof,
                together with amounts contributed on his behalf pursuant to a salary
                reduction agreement which are excludable from the Leased Person’s gross
                income pursuant to Code Section 125, 132(f)(4), 402(e)(3), 402(h) or
                403(b); 

            

    

     

    
      	
               

            	
              (ii)

            	
              immediate
                participation in said money purchase pension plan; and
                

            

    

     

    
      	
               

            	
              (iii)

            	
              full
                and immediate vesting under said money purchase pension plan; and
                

            

    

     

    
      	
               

            	
              (b)

            	
              Leased
                Persons do not constitute more than twenty percent (20%) of the non-Highly
                Compensated Employees of the Company and its Affiliates.
                

            

    

     

    

    2.31           
      Leave of
      Absence.  The words “Leave of Absence” shall mean:

    
      	
               

            	
              (a)

            	
              that
                period of unpaid interruption of active employment of an Employee
                caused
                by entrance into the Armed Forces of the United States under such
                circumstances that he thereby becomes entitled to reemployment rights
                under the law; and 

            

    

     

    
      	
               

            	
              (b)

            	
              that
                period of unpaid interruption of active employment of an Employee
                authorized by a Participating Employer for a period not to exceed
                one (1)
                year, with the understanding that the Employee will return to active
                employment at the expiration of such period, such interruption to
                be for a
                specified purpose such as sickness, short term disability, research,
                study, pregnancy, family responsibilities and layoff.
                

            

    

     

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    
      	
               

            	
              All
                such unpaid Leaves of Absence shall be granted on a uniform and
                non-discriminatory basis. Except as provided below, a Participant
                on an
                unpaid Leave of Absence shall not be considered to be an Active
                Participant and shall not be allocated any portion of Participating
                Employer contributions or forfeitures.

            

    

     

    Notwithstanding
      the foregoing, a
      Participant who is on an approved Leave of Absence under the Family and Medical
      Leave Act of 1993 shall be considered an Active Participant for the duration
      of
      such Leave of Absence and shall accrue Service for purposes of vesting under
      the
      terms of this Plan.

    2.32           
      Merger
      Date.  The words “Merger Date” shall mean the beginning of the
      day on January 1, 2001.

    2.33           
      Military
      Service.  The words “Military Service” shall mean duty in
      the  uniformed services of the United States, whether voluntary or
      involuntary, provided that the Employee serves not more than one voluntary
      enlistment or tour of duty, and further provided that such voluntary enlistment
      or tour of duty does not follow involuntary duty.

    Notwithstanding
      any provision of this
      Plan to the contrary, effective December 12, 1994, contributions, benefits,
      and
      service credit with respect to qualified military service will be provided
      in
      accordance with Section 414(u) of the Code, which, as applicable to this Plan,
      generally provides for certain periods of qualified military service to
      constitute, upon a Participant’s reemployment, Service hereunder.  In
      addition, upon such a Participant’s reemployment, he shall be permitted to make
      such salary deferral contributions in an amount not to exceed the maximum the
      Participant would have been permitted to contribute during the period of
      qualified military service if he had actually been employed by a Participating
      Employer during such period, in accordance with the provisions of Section 414(u)
      of the Code.  Matching contributions will be made on such salary
      deferral contributions, as applicable.  Finally, the Participant will
      be entitled to receive an employer contribution pursuant to Section 6.1 hereof
      as

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    though
      he
      had been employed during such period, in accordance with the provisions of
      Section 414(u) of the Code.

    2.34           
      Normal Retirement
      Date.  The words “Normal Retirement Date” shall mean for any
      Participant the later of:

    
      	
               

            	
              (a)

            	
              the
                date on which he attains age sixty-five (65); and
                

            

    

     

    
      	
               

            	
              (b)

            	
              the
                date he completes five (5) years of Vesting Service.
                

            

    

     

    Notwithstanding
      the preceding sentence,
      the Normal Retirement Date of any Participant who was a participant in the
      Invacare Corporation Profit Sharing Retirement Plan or the Mobilite Corporation
      Profit Sharing Plan as of December 31, 1987 shall be the date on which he
      attains age sixty-five (65).

     

    2.35           
      Participant.  The
      word “Participant” shall mean any eligible Employee who has become a Participant
      in this Plan in accordance with Article 4 hereof.  The word
“Participant” shall also include, as the context may require, any person who has
      ceased to be an Active Participant due to his no longer being a Covered Employee
      and any person who has become a former Participant due to his having incurred
      Termination of Employment, provided that such person has an Account
      balance.

    2.36           
      Participating
      Employer.  The words “Participating Employer” shall mean the
      Company and any Affiliate which is or shall become a Participating Employer
      in
      this Plan pursuant to Article 3 hereof.

    2.37           
      Party in
      Interest.  The words “Party in Interest” shall mean any person
      who is a party in interest within the meaning of Section 3(14) of
      ERISA.  For purposes of determining whether a person is a Party in
      Interest under the loan provisions contained in Article

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    11,
      the
      words “Party in Interest” generally refer to a former Employee who is either an
      officer or director of the Company or an Affiliate.

    2.38           
      Period of
      Severance.  The words “Period of Severance” shall mean for any
      Employee or former Employee a period commencing on his Termination of Employment
      and ending on the date such Employee or former Employee is rehired by a
      Participating Employer or any Affiliate.  A “One Year Period of
      Severance” shall mean a twelve (12) month Period of Severance during which an
      Employee is not credited with at least one (1) Hour for a Participating Employer
      or any Affiliate.  Notwithstanding the foregoing provisions of this
      Section, in the event any Employee ceases to be actively employed by a
      Participating Employer or an Affiliate either:

    
      	
               

            	
              (a)

            	
              by
                reason of the pregnancy of such Employee; or

            

    

     

    
      	
               

            	
              (b)

            	
              by
                reason of the birth of a child of such Employee; or
                

            

    

     

    
      	
               

            	
              (c)

            	
              by
                reason of the placement of a child with such Employee in connection
                with
                the adoption of such child by such Employee; or

            

    

     

    
      	
               

            	
              (d)

            	
              by
                reason of caring for such child for a period beginning immediately
                following such birth or placement; 

            

    

     

    such
      Employee’s Period of Severance shall be deemed to have commenced on the later of
      the first anniversary of the date he ceased to be actively employed or his
      Termination of Employment.  In addition, an Employee who is on a leave
      of absence due to Military Service will not incur a Period of Severance during
      or as a result of such leave of absence, to the extent required by Section
      414(u) of the Code.

    2.39           
      Plan.  The
      word “Plan” shall mean this instrument as originally executed and as it may be
      amended from time to time hereafter.

    2.40           
      Plan
      Year.  The words “Plan Year” shall mean the calendar
      year.

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    2.41           
      Profit Sharing
      Plan.  The words “Profit Sharing Plan” shall mean the Invacare
      Corporation Profit Sharing and Savings Trust and Plan as constituted immediately
      prior to the Restatement Date.

    2.42           
      Publicly
      Traded.  The words “Publicly Traded” shall mean with respect to
      any Shares that such Shares are listed on a national securities exchange
      registered under Section 6 of the Securities Exchange Act of 1934 or that such
      Shares are quoted on a system sponsored by a national securities association
      registered under Section 15(A)(b) of the Securities Exchange Act of
      1934.

    2.43           
      Qualified Domestic
      Relations Order.  The words “Qualified Domestic Relations
      Order” shall mean a Domestic Relations Order which satisfies the requirements of
      Section 414(p)(1)(A) of the Code.

    2.44           
      Qualified Joint
      and
      Survivor Annuity.  The words “Qualified Joint And Survivor
      Annuity” shall mean an annuity, the actuarial equivalent of which is equal to
      the aggregate of the Participant’s distributable Accounts, and which for a
      married Participant is payable for the life of such Participant, with a survivor
      annuity for the remaining life of his spouse which is fifty percent (50%) of
      the
      amount of the annuity paid to such Participant during his life, and for an
      unmarried Participant is payable for the life of such Participant.

    2.45           
      Qualified
      Participant.  The words “Qualified Participant” shall mean a
      Participant or former Participant who has attained age fifty-five (55) and
      has
      completed ten (10) years of Service.

    2.46           
      Qualified
      Preretirement Survivor Annuity.  The words “Qualified
      Preretirement Survivor Annuity” shall mean an annuity for the life of a
      Participant’s surviving spouse or other Beneficiary, the actuarial equivalent of
      which is equal to one hundred percent

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    (100%)
      of
      the aggregate of the Participant’s distributable Accounts as of the date of his
      death, as determined in accordance with Article 14 hereof.

    2.47           
      Related
      Employer.  The words “Related Employer” shall mean a
      corporation which would be defined as a member of a controlled group of
      corporations which includes a Participating Employer or any business
      organization which would be defined as a trade or business (whether or not
      incorporated) which is under “common control” with a Participating Employer
      within the meaning of Code Sections 414(b) and (c) and any lawful regulation
      issued thereunder, and after substituting the phrase “more than fifty percent
      (50%)” for the phrase “at least eighty percent (80%)” each place that the latter
      phrase appears in Code Section 1563(a)(1), and any member of an “affiliated
      service group,” as defined in Code Section 414(m), which includes a
      Participating Employer but, in each case, only during the periods any such
      corporation, business organization or member would be so defined.

    2.48           
      Restatement
      Date.  The words “Restatement Date” shall mean the date on
      which this Amendment and Restatement generally became effective, which date
      is
      January 1, 2001.

    2.49           
      Salary Deferral
      Contributions.  The words “Salary Deferral Contributions”
generally shall mean contributions made to this Plan by a Participating
      Employer
      on behalf of an Active Participant pursuant to such Active Participant’s
      election under Section 5.1 hereof and paid to the Trustee pursuant to Section
      5.3 hereof.

    2.50           
      Service.  The
      word “Service” shall mean for any Employee the aggregate of the periods during
      which he is or was employed by a Participating Employer or any
      Affiliate.  Each such period shall be measured from his Date of Hire
      to the date of Termination of Employment which follows such Date of
      Hire.

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    Notwithstanding
      the foregoing, in no
      event shall an Employee’s Service be less than his Years of Service under the
      terms of the Plan or the Stock Bonus Plan prior to the Restatement
      Date.  Specifically, for periods prior to the Restatement Date, an
      Employee’s “Years of Service” shall mean the computation periods of twelve (12)
      consecutive months during which the Employee completed at least 1,000
      Hours.  In addition, an Employee who had accounts transferred to the
      Profit Sharing Plan from a predecessor plan shall receive credit for his service
      under such predecessor plan.

    In
      addition, if any Employee has a
      Termination of Employment and is rehired within twelve (12) months
      of:

    
      	
               

            	
              (a)

            	
              the
                date of his Termination of Employment; or

            

    

     

    
      	
               

            	
              (b)

            	
              if
                earlier, the first day of any period of Leave of Absence or Military
                Service after the end of which the Employee did not return to work
                for a
                Participating Employer or any Affiliate prior to his Termination
                of
                Employment; 

            

    

     

    such
      Employee’s “Service” shall include the Period of Severance measured from the
      date of his Termination of Employment until his subsequent Date of
      Hire.  Two (2) or more periods of employment or Periods of Severance
      that are included in an Employee’s Service and that contain fractions of a year
      (computed in months and days) shall be aggregated on the basis of twelve (12)
      months constituting a year and thirty (30) days constituting a
      month.

    The
“Service”
of
      an Employee who shall
      be reemployed by a Participating Employer or any Affiliate following a
      Termination of Employment shall not include the length of any of his periods
      of
      Service rendered prior to the date of said Termination of Employment if all
      of
      the following apply:

    
      	
               

            	
              (i)

            	
              he
                did not have a Vested Interest under this Plan or the Prior Plans
                on such
                date of Termination of Employment; and

            

    

     

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    
      	
               

            	
              (ii)

            	
              he
                shall have incurred five (5) consecutive One Year Periods of Severance;
                and 

            

    

     

    
      	
               

            	
              (iii)

            	
              his
                period of Service immediately prior to such Termination of Employment
                shall have been less than or equal to his Period of Severance after
                the
                last day of such period of Service.

            

    

     

    In
      the event that a Participant returns
      to employment with a Participating Employer or an Affiliate immediately
      following a leave of absence due to Military Service, his period of Military
      Service shall be included in the calculation of his Service, to the extent
      required by Section 414(u) of the Code.

    2.51           
      Share
      Adjustment.  The words “Share Adjustment” shall mean an event
      whereby the number of Shares held by the Trustee shall change by reason of
      a
      stock dividend, stock split or reverse stock split, or as a result of a
      reorganization or recapitalization of Invacare or an Affiliate.

    2.52           
      Shares.  The
      word “Shares” shall mean shares of the common stock of Invacare, par value $.01
      per share.

    2.53           
      Stock Bonus
      Plan.  The words “Stock Bonus Plan” shall mean the Invacare
      Corporation Employees’ Stock Bonus Trust and Plan as constituted immediately
      prior to the Restatement Date.

    2.54           
      Supplemental
      Agreement.  The words “Supplemental Agreement” shall mean an
      agreement adopted by the Company pursuant to Section 3.3 hereof setting forth
      special provisions applicable to specific groups of Employees, former Employees
      or Beneficiaries of deceased Employees.

    2.55           
      Taxable
      Year.  The words “Taxable Year” shall mean the Company’s annual
      accounting period which presently is the calendar year.

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    2.56           
      Termination
      Date.  The words “Termination Date” shall mean the date on
      which any Participating Employer ceases to participate in the Plan, as set
      forth
      in Section 3.1 hereof.

    2.57           
      Termination of
      Employment.  The words “Termination of Employment” shall mean
      for any Employee the occurrence of any one of the following events:

    
      	
               

            	
              (a)

            	
              he
                is discharged unless he is subsequently reemployed by a Participating
                Employer or an Affiliate and given pay back to his date of discharge;
                

            

    

     

    
      	
               

            	
              (b)

            	
              he
                voluntarily terminates his employment with a Participating Employer
                or any
                Affiliate; 

            

    

     

    
      	
               

            	
              (c)

            	
              he
                retires from employment with a Participating Employer or any Affiliate;
                

            

    

     

    
      	
               

            	
              (d)

            	
              he
                fails to return to work: 

            

    

     

    
      	
               

            	
              (i)

            	
              at
                the end of any Leave of Absence other than one due to Military Service;
                or
                

            

    

     

    
      	
               

            	
              (ii)

            	
              after
                a recall to work following a period of layoff; or
                

            

    

     

    
      	
               

            	
              (iii)

            	
              within
                ninety (90) days following such Employee’s release from Military Service
                or within any other period following Military Service in which his
                right
                to reemployment with a Participating Employer or any Affiliate is
                guaranteed by law; or 

            

    

     

    
      	
               

            	
              (iv)

            	
              after
                the cessation of disability income payments under a program of a
                Participating Employer; 

            

    

     

    
      	
               

            	
              (e)

            	
              he
                has been continuously laid-off for twenty-four (24) months;
                

            

    

     

    
      	
               

            	
              (f)

            	
              the
                stock or assets of the business unit by which the Employee is employed
                are
                sold to a person or entity which is not an Affiliate of a Participating
                Employer or are transferred to a joint venture which is not an Affiliate
                of a Participating Employer and this Plan is assumed by such person,
                entity or joint venture, his Termination of Employment (as defined
                in
                subparagraphs (a) through (d) above) with such person, entity or
                joint
                venture; or 

            

    

     

    
      	
               

            	
              (g)

            	
              the
                stock or assets of the business unit by which the Employee is employed
                are
                sold to a person or entity which is not an Affiliate of
                

            

    

     

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    
      	
               

            	
              a
                Participating Employer or are transferred to a joint venture which
                is not
                an Affiliate of a Participating Employer and this Plan is not assumed
                by
                such person, entity or joint venture, the date of sale of the stock
                or
                assets or the date of such transfer.

            

    

     

    In
      the
      case of the occurrence of any event described in subparagraph (d) of this
      Section (except for Employees on approved Leave of Absence under
      subparagraph (d)(i) of this Section under the Family and Medical Leave Act
      of
      1993), the date of such Employee’s Termination of Employment shall be deemed to
      be the earlier of (i) the first anniversary of the first day of any such period
      of Leave of Absence, layoff, Military Service, sick leave or disability leave
      or
      (ii) the last day of any such period of Leave of Absence, layoff, Military
      Service, sick leave, or disability leave.  An Employee on an approved
      Leave of Absence under subparagraph (d)(i) of this Section under the Family
      and
      Medical Leave Act of 1993 shall incur a Termination of Employment as of the
      last
      day of such Leave of Absence.

    2.58           
      Testing
      Compensation.  The words “Testing Compensation” shall mean
      remuneration used for testing purposes under this Plan.  The words
“Testing Compensation” shall be interpreted according to their context
      and:

    
      	
               

            	
              (a)

            	
              when
                used to determine compliance with Section 415 of the Code pursuant
                to
                Article 20 hereof, Testing Compensation shall mean all amounts paid
                to a
                Participant as payment for services rendered by him to a Participating
                Employer or any Related Employer which may be taken into account
                for
                purposes of determining limitations on annual additions and benefits
                under
                Section 415 of the Code; and 

            

    

     

    
      	
               

            	
              (b)

            	
              when
                used to determine the identity of Highly Compensated Employees, Testing
                Compensation shall mean Compensation adjusted to include and exclude
                certain items of remuneration as required by Section 414(q) of the
                Code,
                including adding salary reduction amounts which are excluded from
                the
                taxable income of the Participant under Sections 125, 132(f)(4),
                402(e)(3), 402(h) and 403(b) of the Code and adjusted to exclude
                remuneration from a Related Employer which is not a Participating
                Employer
                or Affiliate; and 

            

    

     

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    
      	
               

            	
              (c)

            	
              when
                used to determine Top-Heavy status pursuant to Article 23 hereof,
                Testing Compensation shall mean Testing Compensation as defined in
                (a)
                above, adjusted to exclude remuneration from a Related Employer which
                is
                not a Participating Employer or an Affiliate.

            

    

     

    2.59           
      Total and Permanent
      Disability.  The works “Total and Permanent Disability” shall
      mean a physical or mental condition of a Participant which shall qualify such
      Participant to receive benefits under the long-term disability program
      maintained by a Participating Employer.  In the event a Participant is
      not covered by a long-term disability program maintained by a Participating
      Employer, such Participant shall be considered totally and permanently disabled
      hereunder if the Participant has a physical or mental condition resulting from
      bodily injury, disease, or mental disorder which renders him incapable of
      continuing any gainful occupation and which condition constitutes total
      disability under the federal Social Security Act.

    2.60           
      Trading
      Limitation.  The words “Trading Limitation” shall mean any
      restriction with respect to any Shares under any federal or state securities
      law, any regulation thereunder or an agreement affecting any Shares which would
      make them not as freely tradable as Shares not subject to such
      restriction.

    2.61           
      Transition
      Period.  The words “Transition Period” shall mean the period
      during which withdrawals, loans, distributions and changes in investment
      direction cannot be processed due to the need to transfer and reconcile assets
      and Account records as a result of the merger of the Profit Sharing Plan and
      the
      Stock Bonus Plan with and into the Plan.

    2.62           
      Trustee.  The
      word “Trustee”  shall mean the person or persons serving as the
      Trustee of this Plan as of the Restatement Date and any successor Trustee or
      Trustees.

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    2.63           
      Trust
      Fund.  The words “Trust Fund” shall mean the Trust established
      by one or more Trust Agreements between the Company and the Trustee, including
      the Investment Funds and the Invacare Segregated Stock Fund.

    2.64           
      Unit.  The
      word “Unit” shall mean an accounting unit representing an interest in one of the
      Investment Funds established under Article 7 hereof.

    2.65           
      Valuation
      Date.  The words “Valuation Date” shall mean the date or dates
      as of which Account balances are valued, which as of the Restatement Date shall
      be each business day.

    2.66           
      Vested
      Interest.  The words “Vested Interest” shall mean, with respect
      to any Participant, (a) plus (b) minus (c) below, where:

    
      	
               

            	
              (a)

            	
              equals
                the balances, if any, then credited to all Elective Accounts, After-Tax
                Accounts, and Rollover Accounts maintained on his behalf;
                

            

    

     

    
      	
               

            	
              (b)

            	
              equals
                the sum of (i) and (ii) and (iii): 

            

    

     

    
      	
               

            	
              (i)

            	
              the
                balances, if any, then credited to his Matching Contribution Account,
                his
                Employer Contribution Account, his Profit Sharing Account and his
                Stock
                Bonus Account multiplied by his Vested Percentage; plus
                

            

    

     

    
      	
               

            	
              (ii)

            	
              any
                distributions made to the Participant which have not been recontributed
                by
                the Participant pursuant to Section 12.5 hereof; plus
                

            

    

     

    
      	
               

            	
              (iii)

            	
              any
                withdrawals by the Participant from the Accounts referenced in paragraph
                (i) above since his earliest Date of Hire which has not been followed
                by a
                five (5) year Period of Severance, multiplied by his Vested Percentage;
                and 

            

    

     

    
      	
               

            	
              (c)

            	
              equals
                the amount of any distributions made to the Participant and withdrawals
                by
                the Participant made from his Matching Contribution Account, Employer
                Contribution Account, Profit Sharing Account and Stock Bonus Account
                since
                his earliest Date of Hire which has not been followed by a five (5)
                year
                Period of Severance. 

            

    

     

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    
      	
               

            	
              2.67

            	
              Vested
                Percentage.  The words “Vested Percentage” shall mean for
                any Participant a percentage determined on the basis of his number
                of
                years of Service in accordance with the following table:
                

            

    

     

    

      
        	
                Years
                  of Service

              	
                Vesting
                  Percentage

              
	
                Less
                  than 1 year 

              	
                0%

              
	
                1
                  but less than 2 years 

              	
                20%

              
	
                2
                  but less than 3 years 

              	
                40%

              
	
                3
                  but less than 4 years 

              	
                60%

              
	
                4
                  but less than 5 years 

              	
                80%

              
	
                5
                  or more years 

              	
                100%

              

      

    Notwithstanding
      the foregoing, a
      Participant’s Vested Percentage shall be one hundred percent (100%) if a
      Termination of Employment occurs as a result of his death or Total and Permanent
      Disability.

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    ARTICLE
      3

     

    PARTICIPATING
      EMPLOYERS

     

    3.1           
      Designation of
      Participating Employers.  An Affiliate of the Company shall
      become a Participating Employer under this Plan by resolution of the Board
      of
      Directors of the Company and the ratification of the Board of Directors of
      the
      Affiliate.  By becoming a Participating Employer under this Plan, an
      Affiliate of the Company is deemed to approve this Plan in the form which is
      in
      effect as of its Adoption Date.  The Participating Employers as of the
      date of execution of this Amendment and Restatement are as follows:

    PARTICIPATING
      EMPLOYER                TERMINATION
      DATE

    Invacare
      Corporation

     

    

     

    

     

    The
      name
      of a new Participating Employer shall be added to this Section upon its becoming
      a Participating Employer.  The Termination Date of a Participating
      Employer which ceases to be a Participating Employer shall be added to this
      Section.

    3.2           
      Contributions of
      Participating Employers.  Contributions made to the Plan by a
      Participating Employer shall be allocated only among the Active Employees of
      such Participating Employer.

    3.3           
      Supplemental
      Agreements.  The Company may, in the sole discretion of its
      Board of Directors, determine that special provisions shall be applicable to
      specific groups of Employees, former Employees or Beneficiaries of deceased
      Employees, either in addition to, or in lieu of the provisions of this Plan,
      or
      may determine that certain Employees of a Participating Employer shall not
      be
      eligible to participate in this Plan.  In such event, the Company
      shall adopt a Supplemental Agreement with respect to such Employees, former
      Employees and Beneficiaries

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    of
      deceased Employees which shall specify the Employees, former Employees and
      Beneficiaries of deceased Employees covered by the Supplemental Agreement and
      the special provisions applicable to such Employees, former Employees and
      Beneficiaries of deceased Employees.  Supplemental Agreements shall be
      deemed to be a part of this Plan solely with respect to the Employees, former
      Employees and Beneficiaries of deceased Employees specified
      therein.

    3.4           
      Amendment or
      Termination of Supplemental Agreements.  The Company may, from
      time to time amend, modify or terminate a Supplemental Agreement pursuant to
      Section 18.1 hereof provided, however, that no such action shall operate so
      as
      to deprive any Participant, former Participant or Beneficiary who was covered
      by
      such Supplemental Agreement of any vested rights to which he is entitled under
      this Plan or the Supplemental Agreement.

    3.5           
      Delegation of
      Authority.  The Company is hereby fully empowered to act on
      behalf of itself and the other Participating Employers as it may deem
      appropriate in maintaining this Plan.  Without limiting the generality
      of the foregoing, such actions include obtaining and retaining tax qualified
      status for this Plan and appointing attorneys-in-fact in pursuit
      thereof.  Furthermore, the adoption by the Company of any amendment to
      this Plan or the termination thereof, will constitute and represent, without
      any
      further action on the part of any Participating Employer, the approval,
      adoption, ratification or confirmation by each Participating Employer of any
      such amendment or termination.  In addition, the appointment of or
      removal by the Company of any Administrator, Trustee, Investment Manager or
      other person under this Plan shall constitute and represent, without any further
      action on the part of any Participating Employer, the appointment or removal
      by
      each Participating Employer of such person or entity.

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    3.6           
      Terminating
      Participation.  A Participating Employer may terminate this
      Plan with respect to Participants employed by said Participating Employer by
      an
      instrument in writing executed on behalf of the Participating Employer and
      delivered to the Company and the Trustee.  The Trustee shall thereupon
      make distributions of the Accounts of the Participants employed by said
      Participating Employer in the manner provided in Section 18.2 of this Plan,
      or
      transfer such Account balances to a successor plan, or continue to hold and
      administer such Accounts until such time as an event occurs hereunder which
      would entitle any such Participant to receive a distribution from the Plan,
      as
      directed by said Participating Employer.

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    ARTICLE
      4

     

    ELIGIBILITY
      AND
      PARTICIPATION

     

    4.1           
      Prior
      Participants.  Every Employee who was a Participant in this
      Plan or the Stock Bonus Plan immediately prior to the Restatement Date shall
      continue to be a Participant as of the Restatement Date.  Each person
      on whose behalf Account balances have been or will be transferred to the Trustee
      from the Stock Bonus Plan as a result of the merger of the Stock Bonus Plan
      into
      this Plan shall automatically become a Participant, terminated Participant,
      retired Participant, Beneficiary or Alternate Payee, as the case may be, in
      this
      Plan, effective as of the Restatement Date.

    4.2           
      Eligibility
      Requirements.  On and after the Restatement Date, every other
      Employee who is a Covered Employee shall automatically become a Participant
      in
      this Plan on the Enrollment Date coinciding with or next following his Date
      of
      Hire.

    4.3           
      Rehired
      Employees.  In the event that a former Employee is rehired, he
      shall become an Active Participant on the Enrollment Date coinciding with or
      next following his date of reemployment if he is a Covered Employee on such
      Enrollment Date.

    4.4           
      Employees on Leave
      of
      Absence.  A Covered Employee who would be eligible to
      participate in this Plan, except that he is on an authorized unpaid Leave of
      Absence on his Enrollment Date, shall be enrolled on the date on which he ceases
      to be on the unpaid Leave of Absence, assuming he is then a Covered
      Employee.

    4.5           
      Cessation of Covered
      Employee Status.  In the event that a Participant ceases to be
      a Covered Employee but continues in the employ of a Participating Employer,
      he
      will continue to be a Participant in this Plan and accrue Service until his
      date
      of Termination of Employment, but any distribution payable to such Participant
      under this Plan shall be computed

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    on
      the
      basis of his Account balances on the date he ceased to be a Covered Employee,
      plus any investment gains or losses thereon.

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    ARTICLE
      5

     

    SALARY
      DEFERRAL
      CONTRIBUTIONS

     

    5.1           
      Election and Amount
      of
      Salary Deferral Contributions.  Pursuant to uniform rules and
      procedures prescribed by the Administrator, an Active Participant may elect
      that
      a portion of his unpaid Compensation for a Plan Year be paid by a Participating
      Employer to the Trustee hereunder as a Salary Deferral Contribution and be
      treated as a contribution by the Participating Employer.  An Active
      Participant who does not elect to make Salary Deferral Contributions pursuant
      to
      the preceding sentence shall be deemed to have elected to contribute zero
      percent (0%).  Any election by a Participant to contribute more than
      zero percent (0%) of his unpaid Compensation pursuant to this Section shall
      be
      expressed in one percent (1%) increments of his Compensation for a payroll
      period.  The Administrator may, from time to time, establish maximum
      percentage limits on the amount of Salary Deferral Contributions that
      Participants can make under this Plan and may establish maximum percentage
      limits which apply solely to Highly Compensated Employees.  As of the
      Restatement Date and until changed by the Administrator pursuant to this
      Section, the maximum percentage of an Active Participant’s Compensation (minus
      any salary reduction amounts which are excluded from the taxable income of
      the
      Participant under Section 125 of the Code) for a payroll period that is subject
      to election pursuant to this Section shall be fifteen percent
      (15%).  Effective as of January 1, 2002, the maximum percentage of an
      Active Participant’s Compensation (minus any salary reduction amounts which are
      excluded from the taxable income of the Participant under Section 125 of the
      Code) for a payroll period that is subject to election pursuant to this Section
      shall be twenty-five percent (25%).

    5.2           
      Election
      Procedures.  A Participant’s election pursuant to Section 5.1
      hereof shall be made in such form (including writing, orally, telephonically
      or
      electronically) as

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    is
      required by the Administrator, shall become effective at such time as the
      Administrator shall permit and shall be conditioned upon:

    
      	
               

            	
              (a)

            	
              his
                right to defer the imposition of federal income tax on such contributions
                until a subsequent distribution of such amount under this Plan; and
                

            

    

     

    
      	
               

            	
              (b)

            	
              the
                Participating Employer’s right to deduct such amounts for federal income
                tax purposes after taking into account any contributions made by
                the
                Participating Employer under any profit sharing, pension and stock
                bonus
                plans maintained by the Company or the Participating Employer which
                meet
                the requirements of Section 401(a) of the Code.

            

    

     

    Any
      such
      election shall be deemed a continuing election and shall remain in effect until
      it is revoked or amended by the Participant in writing, or by such other
      procedures as shall be established by the Administrator from time to time,
      or
      the Participant ceases to be an Active Participant.  A Participant may
      revoke or amend his election at such times as the Administrator shall
      permit.  A Participant shall revoke or amend his election by providing
      such notice to the Administrator as the Administrator, in its sole discretion,
      shall require.

    As
      of the Restatement Date and until
      changed by the Administrator pursuant to this Section, a Participant will be
      able to revoke his election as of any payroll payment date following his
      providing notice to the Administrator and may amend his election daily in
      accordance with such procedures (including writing, orally, telephonically
      or
      electronically) as shall be established by the Administrator from time to
      time.  In addition, as of the Restatement Date and until changed by
      the Administrator pursuant to this Section, an Employee who is a new Active
      Participant will be able to make an election pursuant to Section 5.1 hereof
      upon
      his Date of Hire or any date thereafter and such election shall be implemented
      as soon as administratively practicable after such election is received by
      the
      Administrator.

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    5.3           
      Payment to Trustee
      and
      Crediting of Accounts.  All amounts paid by a Participating
      Employer to the Trustee pursuant to Section 5.1 hereof shall be paid in cash
      not
      later than the date on which such amounts can reasonably be segregated from
      the
      Participating Employer’s general assets, which in no event shall be later than
      the fifteenth (15th) business day of the month following the month in which
      such
      amounts would have otherwise been payable to the Participants in
      cash.  Such amounts shall be credited to the Participants’ Salary
      Deferral Accounts.

    5.4           
      Suspension and
      Limitation of Salary Deferral Contributions.  In the event a
      Participant receives a distribution from his Salary Deferral Account as a result
      of hardship as described in Article 10 hereof, such Participant’s Salary
      Deferral Contributions shall be suspended for:  (a) for Plan Years
      beginning before January 1, 2002, a twelve (12) month period after his receipt
      of such hardship distribution, and (b) for Plan Years beginning on or after
      January 1, 2002, a six (6) month period after his receipt of a hardship
      distribution.  In addition, with respect to hardship distributions
      made prior to January 1, 2002, for the taxable year of the Participant
      immediately following the Participant’s taxable year during which said hardship
      distribution occurs, such Participant shall be barred from making Salary
      Deferral Contributions in excess of (a) minus (b) below, where:

    
      	
               

            	
              (a)

            	
              equals
                Ten Thousand Five Hundred Dollars ($10,500.00) (plus any cost of
                living
                increase after 2001 allowable under Section 402(g) of the Code for
                such immediately following taxable year of the Participant); and
                

            

    

     

    
      	
               

            	
              (b)

            	
              equals
                the amount of such Participant’s Salary Deferral Contributions for the
                Participant’s taxable year during which said hardship distribution is
                made. 

            

    

     

    5.5           
      Catch-Up Contributions
      After Return From Military Service.  In the event that a
      Participant returns to employment with a Participating Employer or an
      Affiliate

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    immediately
      following a leave of absence due to Military Service and had failed to make
      Salary Deferral Contributions while on such leave of absence, the Participant
      may elect to make catch-up Salary Deferral Contributions relating to such period
      of Military Service, to the extent required by Section 414(u) of the
      Code.  The period during which such Participant may make such catch-up
      contributions shall commence on his date of rehire and shall continue for a
      period which is the lesser of five (5) years following such date of rehire
      or
      three (3) times the Participant’s period of Military Service.

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    ARTICLE
      6

     

    PARTICIPATING
      EMPLOYER
      CONTRIBUTIONS

     

    6.1           
      Quarterly Employer
      Contributions.  For each calendar year quarter ending after the
      Restatement Date (“Allocation Dates”), the Participating Employers may make
      employer profit sharing contributions to this Plan on behalf of each Active
      Participant who has completed six (6) months of Service.  For purposes
      of this Section, an Active Participant shall be deemed to have completed six
      (6)
      months of Service if he is in the employ of a Participating Employer at any
      time
      six (6) months after his Date of Hire.  The amount of the
      Participating Employer’s quarterly contributions, if any, shall be determined by
      the Company in its sole discretion.  Such contribution may be made on
      or prior to each such Allocation Date as the Company shall determine in cash
      or
      Shares.  An Employer’s contributions for any Allocation Date shall be
      credited to the Employer Contribution Accounts of each Active Participant
      who:

    
      	
               

            	
              (a)

            	
              is
                employed on such Allocation Date; or

            

    

     

    
      	
               

            	
              (b)

            	
              is
                on a Leave of Absence under the Family Medical Leave Act of 1993
                on such
                Allocation Date; or 

            

    

     

    
      	
               

            	
              (c)

            	
              is
                not employed on such Allocation Date due to a retirement, Total and
                Permanent Disability or death which occurred during the calendar
                year
                quarter for which such contribution is made,

            

    

     

    in
      same
      proportion that each such Participant’s Compensation for the calendar year
      quarter to which the contribution relates bears to the total Compensation of
      all
      such Participants for such calendar year quarter.

    6.2           
      Matching
      Contributions.  For each payroll period ending after the
      Restatement Date, the Participating Employers shall make matching contributions
      to this Plan on behalf of each Active Participant who has completed six (6)
      months of Service and on whose behalf Salary Deferral Contributions are made
      with respect to such payroll period.  Matching

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    contributions
      made on behalf of an Active Participant with respect to a particular payroll
      period shall be made as follows:

    Salary
      Deferral                                                                                        Participating
      Employer

      Contribution
      Percentage                                                                                                
Matching
      Contribution
      Rate

    

      Up
      to 1% of
      Compensation                                                                                     
100% of Salary Deferral Amount

      2%
      to 3% of
      Compensation                                                                                     
50% of Salary Deferral Amount

    

    No
      matching contributions will be made on deferrals in excess of three percent
      (3%)
      of an Active Participant’s Compensation.

    Any
      matching contributions made on and
      after the Restatement Date shall be in the form of cash and shall be credited
      to
      the Matching Contribution Accounts of such Participants as of the date such
      contributions are received by the Trustee.

    6.3           
      Vesting of
      Participating Employer Contributions.  Any Shares or amounts
      credited to a Participant’s Employer Contribution Account and Matching
      Contribution Account pursuant to Sections 6.1 and 6.2 hereof shall be subject
      to
      the vesting schedule set forth in Section 2.67 hereof.

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    ARTICLE
      7

     

    TRUST
      FUNDS AND DIRECTION OF
      INVESTMENT

     

    7.1           
      Investment
      Funds.  The Trustee shall maintain such investment funds within
      the Trust Fund as the Administrator may from time to time prescribe, including
      but not limited to the following:

    
      	
               

            	
              (a)

            	
              money
                market funds; 

            

    

     

    
      	
               

            	
              (b)

            	
              mutual
                funds; 

            

    

     

    
      	
               

            	
              (c)

            	
              equity
                funds, including a fund holding qualified employer securities;
                

            

    

     

    
      	
               

            	
              (d)

            	
              fixed
                income funds; 

            

    

     

    
      	
               

            	
              (e)

            	
              balanced
                funds; 

            

    

     

    
      	
               

            	
              (f)

            	
              any
                pooled investment fund established by a bank;

            

    

     

    
      	
               

            	
              (g)

            	
              any
                insurance company’s general account;

            

    

     

    
      	
               

            	
              (h)

            	
              any
                special account established and maintained by any insurance company;
                and
                

            

    

     

    
      	
               

            	
              (i)

            	
              guaranteed
                investment contracts, including pooled funds of guaranteed investment
                contracts. 

            

    

     

    The
      Company shall have the sole discretion to determine the number of Investment
      Funds to be maintained hereunder and the nature of the funds and may change
      or
      eliminate the Investment Funds provided hereunder from time to time, except
      that
      if individual direction of investments is permitted, the number of such funds
      shall not be less than three (3), and of the funds selected, at least three
      (3)
      shall be diversified and have materially different risk and return
      characteristics, as determined by the Company.

    Investment
      Funds maintained hereunder
      shall be held and administered in accordance with the powers and duties set
      forth in a Trust Agreement.

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    7.2           
      Invacare Segregated
      Stock Fund.  Effective as of the Restatement Date, the Trustee
      shall establish the Invacare Segregated Stock Fund, as described in Section
      2.28
      hereof, within the Trust Fund, to hold those Shares received from the Stock
      Bonus Plan.

    7.3           
      Participant Direction
      of Investment.  Each Participant, former Participant or
      Beneficiary, by written direction to the Trustee or by such other procedures
      as
      shall be established by the Administrator from time to time, shall direct the
      investment of his Accounts (other than his Stock Bonus Account), and
      contributions being made to any such Accounts in the Investment Funds
      established hereunder; provided, however, that any such investment directions
      shall be made in accordance with such other rules as are established by the
      Administrator from time to time in its sole discretion, including rules
      requiring that investment selections be made in percentage
      increments.  Any investment direction with respect to contributions
      being made to any such Accounts of a Participant shall be deemed a continuing
      direction and shall remain in effect unless revoked or changed by the
      Participant, former Participant or Beneficiary.  A Participant, former
      Participant or Beneficiary may change his investment direction at such times
      and
      upon such notice as the Administrator, from time to time, may designate;
      provided, however, that directions shall be permitted to be made or changed
      at
      least once in each three (3) month period.  Each Participant, former
      Participant or Beneficiary shall indicate whether any change in investment
      direction shall apply only to contributions made to this Plan following such
      change or whether such change shall also operate to change the investment of
      Units of any Investment Fund already credited to his Accounts.  If a
      procedure for daily change of investment is offered by the Administrator, such
      investment direction may be changed on a daily basis, such change generally
      to
      be effective as of the end of the day of the change, subject to reasonable
      administrative delays.  Any rules established by the Administrator
      pursuant to this Section shall

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    apply
      to
      all Participants, former Participants and Beneficiaries in a uniform and
      nondiscriminatory manner.  It is intended that the total Account
      balances of all Salary Deferral Accounts, Matching Contribution Accounts,
      After-Tax Accounts, Profit Sharing Accounts, Employer Contribution Accounts,
      and
      Rollover Accounts, as well as the amounts other than Shares and cash for
      fractional Shares credited to Stock Bonus Accounts be invested in the Investment
      Funds established hereunder.  In the event that a Participant, former
      Participant or Beneficiary does not direct the investment of any portion of
      such
      Account balances, such undirected portion of such Account balances shall be
      invested in a managed income portfolio.  Other than as expressly
      provided in this Plan, no directions of investment with respect to Shares
      credited to Participants’ Stock Bonus Accounts shall be made pursuant to this
      Article 7.

    7.4           
      Diversification
      of
      Stock Bonus Account.  Each Qualified Participant, by written
      direction to the Administrator or by such other procedures as shall be
      established by the Administrator from time to time, may direct the investment
      of
      his total Stock Bonus Account in any or all of the Investment Funds established
      hereunder; provided, however, that any such investment directions shall be
      made
      in accordance with such other rules as are established by the Administrator
      from
      time to time in its sole discretion, including rules requiring that investment
      selections be made effective as of specific investment dates and within a
      certain period of time prior to an investment date.  Any rules
      established by the Administrator pursuant to this Article 7 relating to
      Participant direction of investment shall apply to all Qualified Participants
      in
      a uniform and nondiscriminatory manner following such Qualified Participant’s
      election to direct the investment of his Stock Bonus Account.  Each
      Plan Year, each Active Participant who is not a Qualified Participant may direct
      the investment of up to the greater of:  (i) ten percent (10%) of the
      number of  Shares credited to his Stock Bonus Account as of the last
      day of the immediately

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    preceding
      Plan Year; and (ii) Shares having a Fair Market Value of One Hundred Dollars
      ($100.00) or less. It is intended that any remaining Shares continue to be
      fully
      invested in the Invacare Segregated Stock Fund.

    7.5           
      Valuation of
      Investment Funds.  The interest of any Account in an Investment
      Fund shall be measured in terms of Units which shall be equal, undivided
      interests in the assets of the Investment Fund.  The initial value of
      a Unit of an Investment Fund shall be such uniform amount of money or uniform
      value as determined by the Trustee.  The value of a Unit in an
      Investment Fund shall be redetermined daily by the Trustee by dividing the
      fair
      market value of the Investment Fund (including any uninvested cash) as of the
      next preceding business day by the total number of Units of such Investment
      Fund
      then credited to the Accounts of Participants, former Participants and
      Beneficiaries who are then invested in the Investment
      Fund.  Fractional Units of the Investment Funds shall be credited to
      an Account to at least two (2) decimal places.  It is intended that
      this Section operate to adjust each Investment Fund to reflect all income
      attributable to such Investment Fund and changes in the value of such Investment
      Fund’s assets, as the case may be, as of any Valuation Date and, as a result of
      the adjustment of Unit values, to distribute among all Accounts and subaccounts
      having an interest in such Investment Fund, all such income and value
      changes.

    7.6           
      Valuation and
      Adjustment of Invacare Segregated Stock Fund.  The interest of
      any Stock Bonus Account in the Invacare Segregated Stock Fund shall be measured
      in terms of whole Shares and an amount of cash for the value of a fractional
      Share.  The number of whole Shares, together with the cash value of a
      fractional Share, credited to each Stock Bonus Account shall be redetermined
      daily by the Trustee.  The cash value of a fractional Share shall be
      determined with reference to the Fair Market Value of a Share as of the next
      preceding business

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    day.  The
      Invacare Segregated Stock Fund shall consist of the Shares and cash
      (representing the value of a fractional Share) credited to all Stock Bonus
      Accounts.  The Trustee may in its discretion, maintain within the
      Invacare Segregated Stock Fund a cash reserve which is deemed sufficient to
      make
      anticipated cash distributions to Participants entitled to receive a
      distribution from the Plan.

    In
      the event of a Share Adjustment or
      dividend payment, the Trustee shall credit each Stock Bonus Account, as of
      the
      date of such Share Adjustment or dividend payment, with that portion of the
      Share Adjustment which bears the same relationship to the Share Adjustment
      or
      dividend payment as the number of Shares credited to such Stock Bonus Account
      on
      said date bears to the total Shares then credited to all Stock Bonus
      Accounts.

    7.7           
      Debiting and Crediting
      of Accounts.  If a Participant, former Participant or
      Beneficiary has made a proper change of investment direction pursuant to Section
      7.3 hereof with respect to Units of any Investment Fund credited to his
      Accounts, other than his Stock Bonus Account, his Accounts shall be debited
      by
      the number of Units of any such Investment Fund which have been sold and
      credited with the number of Units of any such Investment Fund which have been
      purchased in order to accomplish such change of investment.  In
      addition, if a Qualified Participant or eligible Active Participant has made
      a
      proper change of investment direction pursuant to Section 7.4 hereof with
      respect to Shares credited to his Stock Bonus Account, his Stock Bonus Account
      shall be debited by the number of Shares which have been sold and his Stock
      Bonus Account shall be credited with the number of Units of any such Investment
      Fund which have been purchased in order to accomplish such change of
      investment.

    7.8           
      Transferred
      Assets.  All assets which are transferred from the Stock Bonus
      Plan to Accounts hereunder as a result of the merger of the Stock Bonus Plan
      into this Plan shall

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    be
      credited to the appropriate Investment Funds and the Invacare Segregated Stock
      Fund maintained under this Plan effective as of the Restatement
      Date.

    7.9           
      ERISA Section 404(c)
      and Related Restrictions on Investment Directions.  The
      investment direction procedures of this Article are and shall continue to be
      designed so as to comply, in the sole judgment of the Administrator, with the
      requirements imposed by Section 404(c) of ERISA and regulations thereunder,
      and  shall apply to all Participants, former Participants and
      Beneficiaries in a uniform and nondiscriminatory
      manner.  Notwithstanding anything to the contrary in this Article, the
      Trustee may decline to follow any investment direction which, if
      implemented:

    
      	
               

            	
              (a)

            	
              would
                not be in accordance with the Plan documents;

            

    

     

    
      	
               

            	
              (b)

            	
              would
                cause the indicia of ownership of Plan or Trust assets to be maintained
                outside the jurisdiction of the United States District Courts;
                

            

    

     

    
      	
               

            	
              (c)

            	
              would
                jeopardize the Plan’s or the Trust’s tax-qualified status;
                

            

    

     

    
      	
               

            	
              (d)

            	
              could
                result in a loss in excess of the balance of the Participant’s, former
                Participant’s, or Beneficiary’s Accounts;

            

    

     

    
      	
               

            	
              (e)

            	
              would
                cause this Plan or the Trust to engage in:

            

    

     

    
      	
               

            	
              (i)

            	
              a
                sale or exchange with a Participating Employer (except as with respect
                to
                certain qualifying employer securities as defined in Section 407(d)(5)
                of
                ERISA which meet the requirements of Section 408(e) of ERISA and
                29 CFR
                §2550.404c-1(d)(2)(ii)(E)(4)); 

            

    

     

    
      	
               

            	
              (ii)

            	
              a
                lease between this Plan or the Trust and a Participating Employer
                or a
                loan to a Participating Employer; 

            

    

     

    
      	
               

            	
              (iii)

            	
              acquisition
                or sale of real property of a Participating Employer; or
                

            

    

     

    
      	
               

            	
              (iv)

            	
              acquisition
                or sale of securities of a Participating Employer other than certain
                qualifying employer securities as defined in Section 407(d)(5) of
                ERISA
                which meet the requirements of Section 408(e) of ERISA and 29 CFR
                §2550.404c-1(d)(2)(ii)(E)(4); 

            

    

     

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    
      	
               

            	
              (f)

            	
              would
                result in a prohibited transaction within the meaning of Section
                4975 of
                the Code or Section 406 of ERISA; or

            

    

     

    
      	
               

            	
              (g)

            	
              would
                generate income taxable to this Plan or to the Trust.
                

            

    

     

    To
      the extent that Section 404(c) of
      ERISA is not applicable or the terms thereof are not satisfied, the Participants
      and Beneficiaries shall constitute named fiduciaries under ERISA with respect
      to
      their authority to direct investment of their Accounts.

    7.10           
      Restrictions on
      Insider Trading.  Notwithstanding the foregoing provisions of
      this Article 7, the Administrator in its sole discretion, shall have the
      authority to place such restrictions upon the investment directions of any
      person who is subject to Section 16(b) of the Securities Exchange Act of 1934
      as
      amended (“Insider”) as shall be appropriate to comply with such
      Section.  Such restrictions shall include, but shall not be limited to
      the following:  Insiders shall be permitted to submit investment
      directions relating to the Invacare Stock Fund only on a “semi-annual date”
which is no less than six (6) months after the date of the most recent
      investment direction received from such Insider relating to the Invacare Stock
      Fund.  For purposes of this Section 7.10, the term “semi-annual date”
shall mean a date which is within the period that begins the third business
      day
      following the date on which the Company’s first fiscal quarter and third fiscal
      quarter summary statements of sales and earnings shall be released and which
      ends on the twelfth business day following such release date.

    In
      addition, an Insider who receives a
      distribution of Shares as part of a hardship withdrawal pursuant to Section
      10.4
      shall be prohibited from directing the investment of his Accounts into or out
      of
      the Invacare Stock Fund for the six (6) month period following the date of
      such
      hardship withdrawal.

    7.11           
      Restrictions During
      Transition Period.  No changes in or revocations of investment
      directions, including reallocations between the Investment Funds and
      diversification

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    elections
      pursuant to Section 7.4 hereof, shall be accepted by the Administrator from
      existing Participants, former Participants and Beneficiaries during the
      Transition Period.

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    ARTICLE
      8

     

    ACCOUNTS

     

    8.1           
      Accounts as of
      Restatement Date.  Accounts and subaccounts being maintained
      under this Plan and the Stock Bonus Plan immediately prior to the Restatement
      Date shall be reclassified as a result of the merger of the Stock Bonus Plan
      into this Plan as of the Restatement Date.  Such accounts and
      subaccounts shall be categorized, as of the Restatement Date, as
      follows:

    
      	
               

            	
              (a)

            	
              except
                as specifically provided in this Section 8.1, if such an account
                or
                subaccount had been credited with a Participant’s Elective Contributions
                and earnings thereon under the Plan prior to the Restatement Date,
                such
                account shall be deemed to be a Salary Deferral Account;
                

            

    

     

    
      	
               

            	
              (b)

            	
              if
                such an account or subaccount was classified as a Matching Contribution
                Account under the Plan prior to the Restatement Date, such account
                shall
                be deemed to be a Matching Contribution Account;
                

            

    

     

    
      	
               

            	
              (c)

            	
              If
                such account or subaccount was credited with employer discretionary
                profit
                sharing contributions and earnings thereon, under this Plan prior
                to the
                Restatement Date, such account shall be deemed to be a Profit Sharing
                Account; 

            

    

     

    
      	
               

            	
              (d)

            	
              if
                such an account or subaccount was classified as an Employer Contribution
                Account under the Stock Bonus Plan prior to the Restatement Date,
                such
                account shall be deemed to be a Stock Bonus Account;
                

            

    

     

    
      	
               

            	
              (e)

            	
              if
                such account or subaccount is credited with Participating Employer
                Contributions and earnings thereon on and after the Restatement Date,
                such
                account shall be deemed to be an Employer Contribution Account;
                

            

    

     

    
      	
               

            	
              (f)

            	
              if
                such an account or subaccount had been credited with a Participant’s
                voluntary after-tax contributions and earnings thereon under the
                Plan
                prior to the Restatement Date, such account shall be deemed to be
                an
                After-Tax Account; and 

            

    

     

    
      	
               

            	
              (g)

            	
              if
                such an account or subaccount had been credited with a Participant’s or
                former Participant’s rollover contributions and earnings thereon under the
                Plan or the Stock Bonus Plan prior to

            

    

     

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    
      	
               

            	
              the
                Restatement Date, such account shall be deemed to be a Rollover Account.
                

            

    

     

    8.2           
      Establishment of
      Accounts.  Upon an Employee becoming a Participant, the
      Administrator shall establish a Salary Deferral Account, a Matching Contribution
      Account and an Employer Contribution Account in the name of such
      Participant.  Salary Deferral, Matching Contribution and Employer
      Contribution Accounts established on behalf of a new Participant shall be deemed
      to have been established on the date upon which or as of which such individual
      became a Participant.

    8.3           
      Crediting and Debiting
      of Accounts.  The Accounts of Participants shall be credited
      with contributions as specified in Articles 5 and 6 hereof and in Section 23.3
      hereof and shall be debited to take into account any withdrawals or
      distributions made from such Accounts pursuant to Article 9, 10, or 15
      hereof.  All such credits and debits to the Accounts of a Participant
      shall be made as of the dates specified in the appropriate Sections of this
      Plan.

    8.4           
      Investment Fund
      Subaccounts.  In the event a Participant directs, pursuant to
      Article 7 hereof, that his Account or Accounts are to be invested in more than
      one (1) Investment Fund, the Administrator shall maintain subaccounts as a
      part
      of such Participant’s Account or Accounts.  Such subaccounts shall
      show the portion of an Account invested in a particular Investment
      Fund.

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    ARTICLE
      9

     

    WITHDRAWALS
      FROM
      ACCOUNTS

     

    9.1           
      Restrictions on
      Withdrawals.  A Participant may not withdraw his Account
      balances prior to his Termination of Employment except as provided in this
      Article 9, in Article 10 and in Article 13 hereof.  Withdrawals made
      pursuant to this Article shall be subject to the following
      restrictions:

    
      	
               

            	
              (a)

            	
              the
                minimum amount of any such withdrawal shall be the lesser of an amount
                set
                by the Administrator or the total of the Account balances which are
                available for withdrawal pursuant to this Article;
                

            

    

     

    
      	
               

            	
              (b)

            	
              the
                withdrawing Participant shall make an application for withdrawal
                or shall
                follow such procedures as shall be specified by the Administrator
                from
                time to time; 

            

    

     

    
      	
               

            	
              (c)

            	
              any
                withdrawal shall be made in a single lump sum payment of cash in
                accordance with Article 15 hereof; 

            

    

     

    
      	
               

            	
              (d)

            	
              any
                withdrawal shall be made in accordance with the provisions of Section
                15.11 hereof; 

            

    

     

    
      	
               

            	
              (e)

            	
              no
                amounts withdrawn pursuant to this Article may be recontributed to
                this
                Plan; and 

            

    

     

    
      	
               

            	
              (f)

            	
              any
                withdrawal shall be subject to such other reasonable and uniform
                rules and
                regulations, consistently applied, as may be established from time
                to time
                by the Administrator. 

            

    

     

    9.2           
      Withdrawals from
      After-Tax Account.  Subject to Section 9.1 hereof, a
      Participant may withdraw all or a portion of his After-Tax Account balance
      at
      any time and for any reason.

    9.3           
      Withdrawals After
      Age
      59-1/2.  Subject to Section 9.1 hereof, on or after the date a
      Participant attains age fifty-nine and one-half (59-1/2), such Participant
      may
      withdraw all or a portion of his Accounts under the Plan.  Any such
      withdrawals shall be made from Accounts on a pro-rata basis.

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

                          
      Prior to the date on which a Participant attains age fifty-nine and one-half
      (59-1/2), such Participant may withdraw from his Salary Deferral Account only
      in
      the case of hardship as provided in Article 10 hereof.

    9.4           
      Withdrawals by
      Qualified Participants.  Subject to Section 9.1 hereof, a
      Qualified Participant may withdraw all or a portion of his vested Stock Bonus
      Account balance which is invested in Shares within the Invacare Segregated
      Stock
      Fund.

    9.5           
      Termination of
      Withdrawal Rights.  Upon an attempt by a Participant to use his
      interest in this Plan as security for any type of obligation, or to alienate,
      dispose of or in any manner encumber, or upon an attempt by any third person
      to
      attach, levy upon or in any manner convert the use or enjoyment of any such
      interest of a Participant, the right to withdraw any portion thereof pursuant
      to
      this Article shall automatically terminate.

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    ARTICLE
      10

     

    HARDSHIP
      DISTRIBUTIONS

     

    10.1           
      Application for
      Hardship Distribution.  Subject to such uniform rules and
      procedures as the Administrator may prescribe, in the case of hardship, an
      Employee who is an Active Participant may apply to the Administrator for a
      hardship distribution from his Salary Deferral Account prior to his retirement
      or Termination of Employment.  For the purposes of this Section, a
      distribution shall be on account of hardship only if the distribution is made
      on
      account of an immediate and heavy financial need of the Participant, as
      described in Section 10.2 hereof, and is necessary, as described in Section
      10.3
      hereof, to satisfy such need.  Such distribution may be made only from
      the Accounts specified in Section 10.4 hereof.

    10.2           
      Immediate and Heavy
      Financial Need.  A distribution will be made on account of an
      immediate and heavy financial need of a Participant only if the distribution
      is
      on account of:

    
      	
               

            	
              (a)

            	
              the
                need to prevent the eviction of the Participant from his principal
                residence or foreclosure on the mortgage of the Participant’s principal
                residence; 

            

    

     

    
      	
               

            	
              (b)

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

            

    

     

    
      	
               

            	
              (c)

            	
              medical
                expenses described in Section 213(d) of the Code incurred by the
                Participant, the Participant’s spouse, or any dependents of the
                Participant (as defined in Section 152 of the Code);
                

            

    

     

    
      	
               

            	
              (d)

            	
              payment
                of unreimbursable tuition, related educational fees and room and
                board for
                up to the next twelve (12) months of post-secondary education for
                the
                Participant, his or her spouse, children or dependents; or
                

            

    

     

    
      	
               

            	
              (e)

            	
              any
                other circumstance specifically permitted under Code Section
                401(k)(2)(B)(i)(IV). 

            

    

     

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    
      	
               

            	
              10.3

            	
              Determination
                of An
                Amount Necessary to Satisfy anImmediate
                and Heavy
                Financial Need.  A distribution will be deemed to be
                necessary to satisfy an immediate and heavy financial need of a
                Participant only if all of the following requirements are satisfied:
                

            

    

     

    
      	
               

            	
              (a)

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

            

    

     

    
      	
               

            	
              (b)

            	
              the
                Participant has obtained all distributions, other than hardship
                distributions, and all nontaxable (at the time of the loan) loans
                currently available under this Plan and all other plans maintained
                by the
                Participating Employers and any Affiliates, unless such distribution
                or
                loan would have the effect of increasing the amount of the financial
                need;
                

            

    

     

    
      	
               

            	
              (c)

            	
              for
                hardship distributions made prior to January 1, 2002, this Plan and
                all
                other plans maintained by the Participating Employers and any Affiliates
                provide that the Participant may not make Salary Deferral Contributions
                for the Participant’s taxable year immediately following the taxable year
                of the Participant during which said hardship distribution occurs
                in
                excess of the applicable limit under Section 402(g) of the Code for
                such
                next taxable year of the Participant less the amount of such Participant’s
                Salary Deferral Contributions for the taxable year of the Participant
                during which said hardship distribution occurs; and
                

            

    

     

    
      	
               

            	
              (d)

            	
              the
                Participant is prohibited under the terms of this Plan and all other
                plans
                maintained by the Participating Employers and any Affiliates (or
                other
                legally enforceable agreement), from making Salary Deferral Contributions
                and voluntary after-tax contributions, if applicable, to this Plan
                and
                such other plans for: (a) for Plan Years beginning before January
                1, 2002,
                a twelve (12) month period after his receipt of such hardship
                distribution; and (b) for Plan Years beginning on or after January
                1,
                2002, a six (6) month period after his receipt of such hardship
                distribution. 

            

    

     

    By
      virtue
      of this Section and Section 5.4 hereof, this Plan provides for the restrictions
      contained above in subparagraphs (c) and (d).

    10.4           
      Permitted
      Distributions.  If the Administrator determines that the
      criteria set forth in Sections 10.2 and 10.3 hereof have been satisfied with
      respect to a Participant, it may order a distribution of the lesser
      of:

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

               
      

    
      	
               

            	
              (a)

            	
              his
                Salary Deferral Account balance;
                and

            

    

    
      	
               

            	
              (b)

            	
              the
                sum of the aggregate amount of the contributions made to his Salary
                Deferral Account, plus earnings thereon, if any, credited prior to
                January 1, 1989. 

            

    

     

    No
      distributions shall be made from a Participant’s Accounts, other than his Salary
      Deferral Account, pursuant to this Article.

    Such
      distribution shall be made in a
      cash lump sum and shall be made in accordance with the provisions of Section
      15.11 hereof.  Any distribution from a Participant’s Accounts under
      this Article shall be deemed to be made in the order set forth
      above.

    If
      the Administrator directs that a
      distribution be made hereunder, it may thereafter, if it determines that such
      hardship no longer exists or is no longer imminent or upon agreement with the
      Participant, direct that any such distribution not yet made not be
      made.

    10.5           
      Administration of
      Hardship Provisions.  Neither the application for nor payment
      of any distribution in accordance with this Article shall have the effect of
      terminating a Participant’s participation in this Plan.  The
      Administrator may prescribe the use of such forms, conduct such investigation,
      and require the making of such representations and warranties, as it deems
      desirable to carry out the purpose of this Article.

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    ARTICLE
      11

     

    PARTICIPANT
      LOANS

     

    11.1           
      Loan
      Application.  An Employee
      who
      is an Active Participant or a person who is a Party in Interest (“Borrower”) may
      request a loan from the Plan.  If the Borrower (and the proposed loan)
      satisfy the requirements set forth herein, the Trustee shall make a loan to
      such
      Borrower pro rata from his Accounts hereunder, other than his Employer
      Contribution Account and his Stock Bonus Account.  No Borrower shall
      be permitted to borrow from his Employer Contribution and Stock Bonus
      Accounts.

    In
      the event an Employee shall request
      a loan from the Plan, such Employee shall receive an immediate distribution
      of
      his After-Tax Account.

    11.2           
      Amount of
      Loan.  The amount of any such loan shall be determined by the
      Administrator; provided, however, that any such loan shall not, when combined
      with outstanding loans previously made from this Plan and outstanding loans
      made
      under other qualified retirement plans, if any, maintained by the Company or
      any
      Affiliate, cause the aggregate amount of all such loans to such Borrower to
      exceed the lesser of (a) or (b) below, where:

    
      	
               

            	
              (a)

            	
              equals
                one-half (1/2) of all vested amounts held in such Borrower’s Accounts
                under this Plan other than his Employer Contribution and Stock Bonus
                Accounts; and 

            

    

     

    
      	
               

            	
              (b)

            	
              equals
                Fifty Thousand Dollars ($50,000.00) reduced by the remainder, if
                any, of:
                

            

    

     

    
      	
               

            	
              (i)

            	
              the
                highest outstanding balance of loans to such Borrower from this Plan
                and
                all other qualified retirement plans maintained by a Participating
                Employer or any Affiliate during the twelve (12) month period preceding
                the date on which the loan is to be made; minus

            

    

     

    
      	
               

            	
              (ii)

            	
              the
                outstanding balance of loans to such Borrower from the plans on the
                day
                the loan is to be made. 

            

    

     

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

     

    
      11.3           
        Loan
        Administration.  The following additional provisions shall be
        applicable to the loans under this Plan:

    

    
      	
               

            	
              (a)

            	
              Loan
                Program
                Administration.  The loan program under the Plan shall be
                administered by the Administrator in accordance with the provisions
                of
                this Article and such additional or other procedures as the Administrator
                may from time to time adopt. 

            

    

     

    
      	
               

            	
              (b)

            	
              Loan
                Application
                Procedure.  A Borrower shall apply for a loan in such
                manner (including in writing, orally, telephonically, or electronically)
                as the Administrator may determine.

            

    

     

    
      	
               

            	
              (c)

            	
              Basis
                for Approval or
                Denial of Loans.  Loans will be approved only if:
                

            

    

     

    
      	
               

            	
              (i)

            	
              the
                Borrower does not currently have an outstanding loan from the Plan;
                

            

    

     

    
      	
               

            	
              (ii)

            	
              the
                Administrator believes the Borrower intends and is able to repay
                the loan
                in accordance with its terms; 

            

    

     

    
      	
               

            	
              (iii)

            	
              the
                amount of such loan shall not be in excess of the amount which is
                credited
                to the Borrower’s Accounts, other than his Employer Contribution Account
                and his Stock Bonus Account, at the time of such loan and shall be
                made
                exclusively from such Accounts; 

            

    

     

    
      	
               

            	
              (iv)

            	
              the
                amount of such loan shall not be less than One Thousand Dollars
                ($1,000.00); 

            

    

     

    
      	
               

            	
              (v)

            	
              it
                is anticipated that repayment of the loan shall be made by payroll
                deduction by the Participating Employer employing the Borrower or
                any
                other Affiliate employing him; and 

            

    

     

    
      	
               

            	
              (vi)

            	
              the
                loan satisfies the requirements of Section 11.4 of the Plan.
                

            

    

     

    11.4           
      Terms and Conditions
      of Loans.  Any loan made pursuant to this Article shall be
      considered an investment of the Account or Accounts of the Borrower and shall
      be
      subject to the following terms and conditions:

    
      	
               

            	
              (a)

            	
              Interest.  Interest
                shall be charged at a reasonable rate, comparable to the rate charged
                by a
                commercial lender for a similar loan.  Unless otherwise
                determined by the Administrator, the interest rate shall be equal
                to one
                percentage point above the prime rate as it appears in The Wall Street
                Journal in effect on the last business

            

    

     

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    
      	
               

            	
              day
                of the calendar quarter prior to the calendar quarter in which the
                loan is
                made. 

            

    

     

    
      	
               

            	
              (b)

            	
              Loan
                Term and
                Repayment Schedule.  The term of any loan shall be
                arrived at by mutual agreement between the Borrower and the Administrator
                but shall not be less than one (1) year and shall not exceed five
                (5)
                years; provided, however, that if the proceeds of such loan are to
                be used
                to acquire any dwelling which within a reasonable time is to be used
                as
                the Borrower’s principal residence, such loan may be for a term of up to
                fifteen (15) years.  Subject to the conditions set forth in the
                immediately preceding sentence, the terms of the loan shall extend
                for any
                number of whole months as so agreed by the Borrower and the
                Administrator.  All loans shall provide for the substantially
                level amortization of the loan, with payments no less frequently
                than
                quarterly, over the term of the loan; provided, however, that the
                loan
                shall permit (unless the Administrator otherwise determines) a grace
                period for up to one (1) year from such repayments while a Borrower
                is on
                a leave of absence without pay, provided that such grace period shall
                not
                extend the due date of the loan beyond the maximum time period set
                forth
                above. 

            

    

     

    If
      a
      Borrower is on a military leave, loan repayments will be suspended under this
      Plan, as permitted under Section 414(u)(4) of the Code.

     

    The
      Administrator may make such additional, nondiscriminatory rules regarding loan
      repayments as it deems necessary, including early repayments and any
      restrictions relating thereto.

     

    
      	
               

            	
              (c)

            	
              Segregation
                of
                Accounts.  A Borrower’s Accounts, to the extent of such
                borrowing, shall be deemed segregated for investment
                purposes.  Both the note representing such loan and the Accounts
                of the Borrower, to the extent of such borrowing, shall not be taken
                into
                account in the valuation of the Plan pursuant to Article 8 hereof.
                

            

    

     

    
      	
               

            	
              (d)

            	
              Repayment
                Procedures.  Except for early repayments of the
                outstanding balance, (i) repayment of any loan made to an Active
                Employee
                shall be by payroll deduction, (ii) repayment of any loan made to
                an
                Active Employee who has a Termination of Employment and is eligible
                for
                severance payments shall be by payroll deduction from said severance
                payments, and (iii) repayment of any loan made to a person who is
                no
                longer an Active Employee and is not eligible for severance payments
                shall
                be made as determined by the Administrator and communicated to such
                Borrower.  Repayments of any loan shall be credited to the
                

            

    

     

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    
      	
               

            	
              Accounts
                of the Borrower prorata. Loan repayments shall be directed back into
                the
                active Investment Fund based upon the Participant’s future contribution
                election percentages. 

            

    

     

    
      	
               

            	
              (e)

            	
              Documentation
                and
                Collateral.  Each Borrower shall indicate his acceptance
                of the terms of the loan in such manner as the Administrator shall
                determine.  Without limiting the foregoing sentence, executing
                on, endorsing, or depositing the check representing the loan proceeds
                shall automatically constitute acceptance of the terms of the loan
                and
                evidence the Borrower’s obligation to repay the loan in accordance with
                its terms.  Each loan shall bear interest payable to the order
                of the Trustee and shall be supported by adequate
                collateral.  Such collateral shall consist of an amount not to
                exceed fifty percent (50%) of the Borrower’s entire right, title, and
                interest in and to the Trust Fund, and any earnings attributable
                to such
                amounts.  The Administrator may require such other and further
                documentation as it deems appropriate.  Unless the Administrator
                otherwise determines, spousal consent to a loan or granting of collateral
                shall not be required unless the Borrower has previously elected
                to
                receive distribution of his benefits in the form of an annuity.
                

            

    

     

    
      	
               

            	
              (f)

            	
              Default.  A
                Borrower shall be in default (i) if he fails to make any payment
                of
                principal or interest sufficient to meet the substantially level
                quarterly
                amortization requirement in paragraph (b) above, (ii) if he fails
                to make
                a required payment after a permitted one (1) year grace period as
                provided
                for in paragraph (b) above, or (iii) if his collateral becomes inadequate
                to secure the loan and he does not provide substitute collateral
                satisfactory to the Administrator within ten (10) days after a request
                therefor by the Administrator or if he fails to repay in full the
                entire
                outstanding balance of the principal and interest accrued on such
                loan
                within sixty (60) days after his Termination of Employment, unless
                he
                remains a Party in Interest or receives severance payments from a
                Participating Employer after such Termination of Employment.  If
                a terminated Participant receives severance payments from a Participating
                Employer following his Termination of Employment, he shall be in
                default
                if he fails to repay in full the entire outstanding balance of the
                principal and interest accrued on such loan by the earlier of the
                date on
                which the Borrower receives a distribution of his Accounts from the
                Plan
                or sixty (60) days after his severance payments from the Participating
                Employer cease.  In the event of default by a Borrower, his loan
                shall be accelerated, and: 

            

    

     

    
      	
               

            	
              (i)

            	
              if
                his collateral security in this Plan is adequate to cover all or
                part of
                the outstanding principal and interest, and if distribution of such
                amount
                would not, in the opinion of the 

            

    

     

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    
      	
               

            	
              Administrator,
                put at risk the tax qualified status of the Plan or the Salary Deferral
                Contribution portion thereof, the Trustee shall take such steps as
                it
                deems appropriate to offset the loan balance against his Vested Interest
                or otherwise execute upon such Plan collateral; and
                

            

    

     

    
      	
               

            	
              (ii)

            	
              if
                his collateral security described in paragraph (f)(1) is not adequate
                to
                cover all of the outstanding principal and interest, or if execution
                upon
                such collateral would, in the opinion of the Administrator, put at
                risk
                the tax qualified status of the Plan or the Salary Deferral Contribution
                portion thereof, the Trustee shall commence appropriate collection
                actions
                against the Borrower to recover the amounts owed.
                

            

    

     

    Expenses
      of collection, including legal fees, if any, of any loan in default shall be
      borne by the Borrower or his Accounts.

     

    
      	
               

            	
              (g)

            	
              Loan
                Origination and
                Maintenance Fee.  The Administrator may charge to the
                Account of each Borrower a loan origination fee.  The
                Administrator may adjust such charge from time to time to reflect
                the
                actual cost incurred in processing loans, and such fees shall be
                assessed
                to the Accounts of all Borrowers in a nondiscriminatory
                manner.  Annual maintenance fees shall also be charged to the
                Account of each Borrower.  All loan fees shall be used by the
                Administrator to pay administrative expenses of the Plan incurred
                in
                connection with such loans. 

            

    

     

    11.5           
      Terms of Prior Loans
      May Not Be Renegotiated or Extended.  Notwithstanding the
      foregoing provisions of this Article, the terms of outstanding loans may not
      be
      renegotiated and in the event the proceeds of any loan made hereunder shall
      be
      used directly or indirectly to pay off any obligations under a prior loan made
      hereunder, the term of the more recent loan shall not extend beyond the period
      of repayment under the prior loan.  For purposes of this Section, the
      Administrator shall be able to rely on a certification by the Participant or
      former Participant as to the use of the new loan’s proceeds.

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    ARTICLE
      12

     

    TERMINATION
      OF
      EMPLOYMENT

     

    12.1           
      Vested Interest
      Distributable.  In the event of the Termination of Employment
      of a Participant for any reason other than death, Total and Permanent
      Disability, or retirement, he shall be entitled to receive a distribution of
      his
      Vested Interest.

    12.2           
      Commencement of
      Distribution.  The Vested Interest of a terminated Participant
      shall be distributed to him in accordance with the rules and procedures set
      forth in Article 15 hereof.  Except as otherwise provided in
      Article 15 hereof, such distribution shall be made or shall commence to be
      made on such date on or after his date of Termination of Employment as shall
      be
      directed by the terminated Participant in his sole discretion; provided,
      however, that such distribution need not be made earlier than administratively
      practicable.  Notwithstanding anything contained in this Plan to the
      contrary, other than Section 15.7 hereof, if a Participant has a Termination
      of
      Employment pursuant to Section 2.57(f) hereof that does not meet the
      requirements of Section 401(k)(10) of the Code, such Participant shall not
      be
      eligible to receive a distribution from his Salary Deferral Account under this
      Plan until he terminates employment with the person, entity or joint venture
      acquiring the business unit or facility with which he was employed.

    12.3           
      Forfeitures.  If
      a terminated Participant’s Vested Percentage is one hundred percent (100%) on
      his date of Termination of Employment, his Matching Contribution Account, Profit
      Sharing Account, Employer Contribution Account, and Stock Bonus
      Account  shall thereafter be held, administered and distributed in
      accordance with Articles 8 and 15 hereof.  If his Vested Percentage is
      greater than zero (0) but less than one hundred percent (100%), his Matching
      Contribution, Profit Sharing, Employer Contribution, and Stock Bonus Accounts
      shall

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    continue
      to be administered in accordance with the provisions of Articles 8 and 15 hereof
      until the earliest to occur of any of the following events:

    
      	
               

            	
              (a)

            	
              he
                receives a distribution of his entire Vested Interest;
                

            

    

     

    
      	
               

            	
              (b)

            	
              he
                has a five (5) year Period of Severance;

            

    

     

    
      	
               

            	
              (c)

            	
              he
                dies; or 

            

    

     

    
      	
               

            	
              (d)

            	
              he
                is rehired by a Participating Employer or an Affiliate.
                

            

    

     

    If
      the earliest to occur of said events
      is either the date of complete distribution of his Vested Interest, or his
      having had a five (5) year Period of Severance, or his death, the excess
      of:

    
      	
               

            	
              (i)

            	
              his
                Account balances; over 

            

    

     

    
      	
               

            	
              (ii)

            	
              his
                Vested Interest; 

            

    

     

    shall
      be
      forfeited as of such date and shall be debited to his Matching Contribution
      Account, Profit Sharing Account, Employer Contribution Account, and Stock Bonus
      Account, respectively.  The balances remaining credited to his
      Matching Contribution Account, Profit Sharing Account, Employer Contribution
      Account, and Stock Bonus Account after said forfeiture shall thereafter be
      held,
      administered and distributed in accordance with Articles 8 and 15
      hereof.  If a Participant terminates employment at a time when his
      Vested Percentage is zero (0), such terminated Participant shall be deemed
      to
      have received a lump sum distribution from his Matching Contribution Account,
      Profit Sharing Account, Employer Contribution Account, and his Stock Bonus
      Account in such zero (0) amount in full discharge of this Plan’s liability with
      respect to such Accounts and his Matching Contribution, Profit Sharing, Employer
      Contribution, and Stock Bonus Account balances, if any, shall be forfeited
      pursuant to this Section.  Such distribution and forfeiture shall be
      deemed to have occurred on the date of Termination of Employment of such
      Participant.

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    If
      the earliest of said events shall be
      the terminated Participant’s rehire by a Participating Employer or an Affiliate,
      this Article shall not apply to him until a subsequent Termination of Employment
      described in Section 12.1 hereof.

    12.4           
      Use of
      Forfeitures.  Any forfeitures pursuant to Section 12.3 hereof
      which remain after recrediting of prior forfeitures pursuant to Section 12.5
      hereof shall be used in one of the following manners, as directed by the Company
      in its sole discretion:

    
      	
               

            	
              (a)

            	
              to
                pay any expense incurred in connection with the administration of
                the
                Plan; or 

            

    

     

    
      	
               

            	
              (b)

            	
              to
                reduce future Participating Employer contributions under Sections
                6.1 and
                6.2 hereof. 

            

    

     

    12.5           
      Recrediting Accounts
      of Rehired Participants.  If a terminated Participant in this
      Plan or the Stock Bonus Plan shall be rehired by a Participating Employer or
      any
      Affiliate, he shall immediately be reinstated as a Participant in this Plan
      for
      purposes of this Section.  If a terminated Participant shall be
      rehired by a Participating Employer or any Affiliate at a time when his Period
      of Severance is five (5) or more years, no portion of his Matching Contribution
      Account balance, Profit Sharing Account balance, Employer Contribution Account
      balance, or Stock Bonus Account balance under this Plan or the Stock Bonus
      Plan
      which was forfeited and debited pursuant to the provision of this Plan or any
      provisions of the Stock Bonus Plan shall be recredited to his Matching
      Contribution Account, Profit Sharing Account, Employer Contribution Account,
      and
      Stock Bonus Account.  If a terminated Participant shall be rehired by
      a Participating Employer or any Affiliate at a time when his Period of Severance
      is less than five (5) years, the portion of his Matching Contribution Account
      balance, Profit Sharing Account balance, Employer Contribution Account balance
      or Stock Bonus Account balance under this Plan or the Stock Bonus Plan which
      was
      forfeited and debited pursuant to the provisions of this

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    Plan
      or
      the Stock Bonus Plan shall be recredited to his Matching Contribution Account,
      Profit Sharing Account, Employer Contribution Account, and Stock Bonus
      Account.

    In
      order to balance the Accounts
      maintained under this Plan, after giving effect to the recrediting of prior
      forfeitures and/or earnings as provided above to a rehired Participant’s
      Matching Contribution Account, Profit Sharing Account, Employer Contribution
      Account and Stock Bonus Account, the Administrator shall use any forfeitures
      which would otherwise be used to reduce the Participating Employer contributions
      in accordance with Section 12.4 hereof.  To the extent that the
      current forfeited Shares and other forfeited cash amounts for any Plan Year
      are
      less than the aggregate previously forfeited Shares and other amounts which
      were
      recredited during the Plan Year to the Matching Contribution Accounts, Profit
      Sharing Account, Employer Contribution Account, and Stock Bonus Account of
      Participants who were entitled to restoration during the Plan Year, the
      Participating Employer which rehires the Participant shall contribute to this
      Plan the difference between the aggregate previously forfeited Shares or amounts
      which were recredited during the Plan Year to the Matching Contribution
      Accounts, Profit Sharing Account, Employer Contribution Account, and Stock
      Bonus
      Account of Participants who were entitled to restoration and the current
      forfeited Shares and amounts.  The Participating Employers, at their
      option, may also contribute the aggregate previously forfeited Shares or other
      amounts which were recredited during the Plan Year to the Matching Contribution
      Accounts, Profit Sharing Account, Employer Contribution Account, and Stock
      Bonus
      Account of Participants.  Such contribution shall be made by the
      Participating Employers no later than the due date (including extensions) of
      the
      tax return for the Taxable Year which includes the last day of the Plan Year
      during which the Shares and other amounts were restored.  For purposes
      of the limitations contained in Article 20 hereof, such contribution shall
      not
      be deemed to have been

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    contributed
      at the time it is recontributed pursuant to this Section, but shall be deemed
      to
      have been contributed at the time of the original contribution.

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    ARTICLE
      13

     

    RETIREMENT
      AND DISABILITY
      BENEFITS

     

    13.1           
      Normal
      Retirement.  The Matching Contribution Account, Profit Sharing
      Account, Employer Contribution Account, and Stock Bonus Account of a Participant
      who works for a Participating Employer or an Affiliate until he attains his
      Normal Retirement Date shall be fully vested and nonforfeitable.  A
      Participant who retires from the employ of a Participating Employer or an
      Affiliate on his Normal Retirement Date shall be entitled to receive a
      distribution of his total Account balances.  Subject to Section 15.1
      hereof, such distribution shall be made or shall commence to be made on such
      date on or after the Participant’s retirement as the Participant shall
      elect.  Such distribution shall be made in accordance with the
      provisions of Article 15 hereof.

    13.2           
      Early
      Retirement.  A Participant may elect to retire before reaching
      his Normal Retirement Date, but not before the later of his completion of ten
      (10) years of Vesting Service and his attainment of age fifty-five
      (55).  In the event of such early retirement, such Participant shall
      be entitled to receive an amount equal to the sum of the amounts then credited
      to all Accounts held for his benefit.  Such distribution shall be made
      in accordance with the provisions of Article 15 hereof.

    13.3           
      Late
      Retirement.  In the event a Participant works for a
      Participating Employer or an Affiliate beyond his Normal Retirement Date, his
      retirement shall be deemed to have occurred on the date of his Termination
      of
      Employment with the Participating Employer or an Affiliate for any reason other
      than death.  In the event of such late retirement, such Participant
      shall be entitled to receive a distribution of his Account
      balances.  Subject to Section 15.1 hereof, such distribution shall be
      made or shall commence to be made on such date, on or after the Participant’s
      Termination of Employment, as the Participant shall elect.  Such
      distribution shall

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    be
      made
      in accordance with the provisions of Article 15
      hereof.  Notwithstanding anything to the contrary contained in this
      Plan, a Participant who continues in the employ of a Participating Employer
      beyond his Normal Retirement Date shall be entitled to elect, upon providing
      such notice as the Administrator shall require, that all or a portion of his
      Account balances be distributed to him in accordance with Article 15 hereof
      as
      of a date coinciding with or following his Normal Retirement Date which shall
      be
      selected by the Participant.

    13.4           
      Disability
      Retirement.  Upon receipt from a Participant, or a person
      authorized by him or on his behalf, of a request that distributions be made
      on
      account of such Participant’s Total and Permanent Disability, or upon its own
      motion, the Administrator shall determine the extent of the Participant’s
      disability.  If the Administrator shall determine that the Participant
      is totally and permanently disabled, his date of disability retirement shall
      be
      deemed to have been the earlier of the date on which his application for
      distribution under this Section was filed with the Administrator or the date
      on
      which the Administrator determined him to be totally and permanently disabled,
      and, except as provided in Sections 6.1 and 6.2 hereof, he will be deemed to
      have ceased to be an Active Participant on that date.  Such a disabled
      Participant shall be entitled to receive a distribution equal to his Account
      balances.  Such distribution shall be made or shall commence to be
      made as of such date, on or after the date such Participant is determined to
      be
      totally and permanently disabled, as the Participant, or a person authorized
      by
      him or on his behalf, shall select.  Such distribution shall be made
      in accordance with the provisions of Article 15 hereof.

    13.5           
      Application for
      Benefits.  Each Participant who is eligible for benefits under
      this Article shall apply therefor on a form which shall be given to him for
      that
      purpose by the Administrator; provided, however that the foregoing requirement
      shall not apply in any case

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    in
      which
      a Participant shall be unable, for physical, mental or any other reason
      satisfactory to the Administrator to make such application.  Upon
      finding that such Participant satisfies the eligibility requirements for
      benefits under this Article, the Administrator shall promptly notify the Trustee
      in writing of his eligibility and of the method of distribution selected in
      accordance with Article 15.

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    ARTICLE
      14

     

    DEATH
      BENEFITS

     

    14.1           
      Pre-Retirement Death
      Benefits.  In the event of the Termination of Employment of a
      Participant by reason of his death, or the death of a retired or terminated
      Participant prior to his Annuity Starting Date, his Beneficiary shall be
      entitled to receive a distribution of the deceased Participant’s vested Account
      balances.  Such amount shall be distributed or commence to be
      distributed as soon as practicable following such Participant’s
      death.

    14.2           
      Death of a Retired
      or
      Terminated Participant After Commencement of Distribution.  In
      the event of the death of a retired or terminated Participant after his Annuity
      Starting Date, no benefits shall be payable to his Beneficiary except to the
      extent provided for by the method under which the retired or terminated
      Participant was receiving distributions under Article 15 hereof.

    14.3           
      Form of Payment
      of
      Death Benefits.  Except as provided in Section 14.4, the
      Administrator shall direct the Trustee to distribute the Participant’s Account
      balance to his Beneficiary in accordance with Article 15 hereof.

    14.4           
      Qualified
      Preretirement Survivor Annuity.  Except as provided in Section
      15.6 hereof, if a death benefit should be payable to the Beneficiary of a
      Participant who is described in Section 15.3 pursuant to this Article, his
      spouse shall be entitled to receive a death benefit in the form of a Qualified
      Preretirement Survivor Annuity, which shall be the actuarial equivalent of
      such
      Participant’s distributable Accounts determined as of the date payment of
      benefits commence.

    14.5           
      Waiver of Qualified
      Preretirement Survivor Annuity.  A Participant described in
      Section 15.3 may elect, at any time after the first day of the Plan Year in
      which he

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    attains
      age thirty-five (35) and subject to obtaining spousal consent pursuant to
      Section 24.8 hereof, to waive the Qualified Preretirement Survivor Annuity
      described in Section 14.4.  A Participant who has incurred a
      Termination of Employment may elect, at any time after his Termination of
      Employment and subject to obtaining spousal consent pursuant to Section 24.8
      hereof, to waive the Qualified Preretirement Survivor Annuity described in
      Section 14.4 with respect to his Account balances accrued prior to his
      Termination of Employment.  Any election made under this Section 14.5
      may be revoked at any time and, once revoked, may be made again.

    14.6           
      Notification and
      Waiver Procedures.  The Administrator shall furnish to each
      Participant described in Section 15.3 a written notification of the terms of
      the
      Qualified Preretirement Survivor Annuity within the three (3) year period
      beginning with the first day of the Plan Year in which such Participant attains
      age thirty-two (32), or if such Participant commences participation in the
      Plan
      after he attains age thirty-two (32), no later than the close of the second
      Plan
      Year beginning after his commencement of participation.  Such
      notification shall contain a general description of the Qualified Preretirement
      Survivor Annuity, the circumstances under which it will be paid, the
      Participant’s right to make, and the effect of, an election to waive such
      coverage, the rights of such Participant’s spouse with respect thereto, and the
      Participant’s right to make, and the effect of, a revocation of such
      election.

    14.7           
      Automatic
      Beneficiary.  Unless a Participant has designated a Beneficiary
      in accordance with the provisions of Section 14.8 hereof, his Beneficiary shall
      be deemed to be the person or persons in the first of the following classes
      in
      which there are any survivors of such Participant:

    
      	
               

            	
              (a)

            	
              his
                spouse at the time of his death; 

            

    

     

    
      	
               

            	
              (b)

            	
              his
                issue, per stirpes; 

            

    

     

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    
      	
               

            	
              (c)

            	
              his
                parents; and 

            

    

     

    
      	
               

            	
              (d)

            	
              the
                executor or administrator of his estate.

            

    

     

    14.8           
      Designation of
      Beneficiary.  In lieu of having the benefits payable pursuant
      to this Article payable to a Beneficiary determined in accordance with the
      provisions of Section 14.7, a Participant who is not described in Section 14.5
      hereof may sign a document designating a Beneficiary or Beneficiaries to receive
      such benefits.  Notwithstanding the foregoing, no designation of a
      Beneficiary or Beneficiaries by a married Participant under this Section 14.8
      shall be valid unless:

    
      	
               

            	
              (a)

            	
              the
                Participant’s surviving spouse has signed a document, witnessed by a
                notary public, consenting to such designation and acknowledging the
                effect
                of any such designation; or 

            

    

     

    
      	
               

            	
              (b)

            	
              it
                is established to the satisfaction of the Administrator that the
                signature
                of such spouse cannot be obtained because such spouse cannot be located
                or
                because of such other circumstances as the Secretary of the Treasury
                may
                prescribe by lawful regulations; or

            

    

     

    
      	
               

            	
              (c)

            	
              it
                is established to the satisfaction of the Administrator that the
                Participant has no surviving spouse.

            

    

     

    Any
      consent given by a surviving spouse
      pursuant to this Section shall be effective only with respect to such spouse
      and
      shall not be effective with respect to any other spouse of such
      Participant.  In addition, any designations under this Section 14.8
      shall be deemed to be automatically revoked in the event a Participant
      remarries.

    14.9           
      Instructions to
      Trustee.  Upon the death of a Participant or a former
      Participant, the Administrator shall immediately advise the Trustee of the
      identity of such Participant’s or former Participant’s Beneficiary or
      Beneficiaries.  The Trustee shall be completely protected in making
      distributions to any person or persons in any sums in accordance with the
      instructions it receives from the Administrator.

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    14.10                      
      Incomplete
      Disposition.  In the event that a Participant or former
      Participant dies at a time when he has a designation on file with the
      Administrator which does not dispose of the total benefit distributable under
      this Plan upon his death, then the portion of such benefit distributable on
      behalf of said Participant or former Participant, the disposition of which
      was
      not determined by the deceased Participant’s or former Participant’s
      designation, shall be distributed to his spouse, if any, or to a Beneficiary
      determined under the provisions of Section 14.8 hereof.

    14.11                      
      Resolution of
      Ambiguity.  Any ambiguity in a Participant’s or former
      Participant’s Beneficiary designation shall be resolved by the
      Administrator.  Subject to Section 24.8 hereof, the Administrator may
      direct a Participant or former Participant to clarify his designation and if
      necessary execute a new designation containing such clarification.

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    ARTICLE
      15

     

    DISTRIBUTIONS

     

    15.1           
      Deferral of
      Distributions.  Distributions will normally commence as of the
      dates specified in Articles 12, 13, and 14 hereof.  However, subject
      to Sections 15.6 and 15.7 hereof, a Participant, former Participant or
      Beneficiary may elect in writing to defer any distributions until a later
      date.

    15.2           
      Normal Method of
      Distribution.  Except as provided in Sections 14.4, 15.3 and
      15.6 hereof, a Participant or Beneficiary shall elect to receive his
      distributable Account balances either in the form of a single lump sum payment
      or in nearly equal monthly, quarterly, semi-annual or annual installment
      payments over a period specified by such Participant or
      Beneficiary.  Notwithstanding the foregoing, a Participant or
      Beneficiary who has elected to receive and has commenced receiving his
      distributable Account balance in the form of installment payments may at any
      time prior to payment of the final installment payment make an election to
      receive his remaining Account balance in the form of a single lump sum payment
      as soon as practicable following his election.

    All
      distributions under the Plan shall
      be in the form of cash, unless a Participant or Beneficiary shall elect to
      receive the Shares credited to his Stock Bonus Account in lieu of
      cash.  The value of any fractional Shares credited to a Participant’s
      Stock Bonus Account shall be distributed in the form of cash.

    15.3           
      Annuity Methods
      of
      Distribution.  Subject to Section 15.6 hereof and prior to
      September 1, 2001, a Participant who was a Participant under this Plan prior
      to
      the Restatement Date or the Beneficiary of such a Participant shall receive
      the
      amounts distributable to him (other than amounts and shares credited to his
      Stock Bonus Account) in the form of the

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    following
      type of annuity contract purchased for him from an insurance company by the
      Administrator pursuant to Section 15.9 hereof:

    
      	
               

            	
              (i)

            	
              an
                immediate Joint and Survivor Annuity contract issued on the joint
                lives of
                such Participant and his Beneficiary with the provision that after
                the
                Participant’s death fifty percent (50%) (or at the Participant’s election
                one hundred percent (100%)) of his monthly annuity payments shall
                continue
                during the life of and be paid to such Beneficiary; or
                

            

    

     

    
      	
               

            	
              (ii)

            	
              an
                immediate Life Annuity contract issued on the life of such Participant
                or
                Beneficiary. 

            

    

     

    Only
      Participants who are described above (and the Beneficiaries of any such
      Participants) shall be able to receive an annuity method of distribution
      pursuant to this Section.

    The
      foregoing provisions of this
      Section shall not apply to any Participants, former Participants or
      Beneficiaries whose distributions have not commenced prior to the Annuity
      Elimination Date.

    15.4           
      Explanation of Annuity
      Method of Distribution.  The Administrator shall, no less than
      thirty (30) days and no more than ninety (90) days prior to the date the
      Accounts of a Participant or Beneficiary described in Section 15.3 become
      distributable pursuant to Article 12, 13 or 14 hereof, provide such individual
      with a written explanation of the terms and conditions of the Qualified Joint
      and Survivor Annuity method of distribution, the individual’s right to revoke
      such election or to elect a method of distribution described in Section 15.2,
      the effect of such revocation or election, the right of a Participant’s spouse
      under the Qualified Joint and Survivor Annuity method of distribution and the
      relative values of the methods of distribution available.

    15.5           
      Election Against
      Annuity Method of Distribution.  To elect one of the optional
      methods of distribution set forth in Section 15.2, a Participant or Beneficiary
      described

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    in
      Section 15.3 shall notify the Administrator of such election in
      writing.  If a such a Participant is married, any such election of an
      optional form of payment shall be effective only if his spouse consents to
      such
      election in accordance with Section 24.8 hereof.

    A
      Participant shall be allowed to make
      such election for ninety (90) days after having received a written explanation
      of the Qualified Joint and Survivor Annuity form of payment pursuant to Section
      417(a)(3)(A) of the Code and any lawful regulations thereunder; provided, that
      a
      Participant’s distribution shall be delayed if necessary to insure that the
      Participant shall have at least thirty (30) days after he receives the
      information required by Section 417(a)(3)(A) of the Code within which to elect
      a
      form of payment.  In addition to the foregoing, a Participant may,
      subject to the spousal consent requirement, revoke a prior election and elect
      another optional method of distribution, if desired, prior to the date benefits
      will be paid or will commence to be paid to him, as long as such ninety (90)
      day
      period has not expired.

    15.6           
      Cash-Out of Small
      Account Balances.  In the event that the value of a retired,
      terminated or deceased Participant’s distributable Account balances does not
      exceed Five Thousand Dollars ($5,000.00) at the time of distribution, or at
      the
      time of any prior distribution, the Administrator shall direct the Trustee
      to
      distribute such distributable Account balances in a single lump sum payment
      without the consent of the Participant, his spouse or his Beneficiary; provided,
      however, that the Trustee shall not make any such single lump sum payment after
      the date a Participant’s distribution has commenced unless the Participant and
      his spouse, if any, or in the case of a payment to the surviving spouse of
      a
      deceased Participant, the spouse, consent to the single lump sum payment in
      writing and provided further that any such lump sum payment shall be made in
      accordance with the provisions of Section 15.11 hereof.  Unless such a
      Participant or Beneficiary elects to receive a distribution which includes
      whole
      Shares, the

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    Trustee
      shall sell any Shares or other assets credited to his distributable Accounts
      as
      of the date distribution is to be made and distribute the amount of his
      distributable Account balances in a single lump sum payment of
      cash.  Any such single lump sum payment shall be in full settlement of
      such Participant’s, spouse’s or Beneficiary’s rights under this
      Plan.

    15.7           
      Restrictions on
      Distributions.  Notwithstanding any other provisions of this
      Plan, distributions made hereunder shall be subject to the following
      restrictions:

    
      	
               

            	
              (a)

            	
              in
                the case of a living Participant: 

            

    

     

    
      	
               

            	
              (i)

            	
              distribution
                must commence on or before the April 1 following the end of the
                calendar year in which: 

            

    

     

    
      	
               

            	
              (A)

            	
              he
                attains age seventy and one-half (70-1/2) or retires, whichever is
                later,
                if the Participant is not a five percent (5%) owner with respect
                to the
                Plan Year ending in such calendar year; or

            

    

     

    
      	
               

            	
              (B)

            	
              he
                attains age seventy and one-half (70-1/2) if the Participant is a
                five
                percent (5%) owner with respect to the Plan Year ending in such calendar
                year; 

            

    

     

    
      	
               

            	
              (ii)

            	
              annuity
                payments shall not be made beyond the life of the Participant or
                the joint
                lives of the Participant and his spouse or Beneficiary;
                

            

    

     

    
      	
               

            	
              (iii)

            	
              installment
                distributions shall not be payable over a period of years in excess
                of his
                life expectancy or the joint life expectancies of himself and his
                spouse
                or Beneficiary; and 

            

    

     

    
      	
               

            	
              (b)

            	
              in
                the case of a deceased Participant, distributions after his death
                shall be
                payable either: 

            

    

     

    
      	
               

            	
              (i)

            	
              within
                five (5) years of the date of his death; or

            

    

     

    
      	
               

            	
              (ii)

            	
              if
                distribution commences to his Beneficiary, either:
                

            

    

     

    
      	
               

            	
              (A)

            	
              within
                one (1) year of the date of his death or on a later date permitted
                under
                any lawful regulations issued by the Secretary of the Treasury; or
                

            

    

     

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    
      	
               

            	
              (B)

            	
              if
                his spouse is his Beneficiary, by the date such Participant would
                have
                attained age seventy and one-half (70-1/2);

            

    

     

    over
      the
      life of such Beneficiary or over a period not extending beyond the life
      expectancy of such Beneficiary; or

     

    
      	
               

            	
              (iii)

            	
              if
                the Participant’s distribution had commenced prior to his death under a
                form of payment meeting the requirements of subparagraph (a)(ii)
                or
                (a)(iii) above, such distribution must be completed by the remainder
                of
                the period specified in said subparagraph (a)(ii) or (a)(iii); or
                

            

    

     

    
      	
               

            	
              (iv)

            	
              if
                the Participant’s distribution had not commenced prior to his death under
                a form of payment meeting the requirements of subparagraph (a)(ii)
                or
                (a)(iii) above and the Participant’s spouse is entitled to a distribution
                hereunder but dies prior to the commencement of such distribution,
                then
                the limitations of this Section 15.7(b) shall be applied as if the
                spouse
                were the Participant; and 

            

    

     

    
      	
               

            	
              (c)

            	
              in
                the event payments are made to a Participant’s child, for purposes of this
                Section such payments shall be deemed to be paid to the Participant’s
                spouse if such payments will become payable to such spouse upon such
                child
                reaching majority or any other event permitted under any lawful
                regulations issued by the Secretary of the Treasury.
                

            

    

     

    A
      Participant or Beneficiary may elect to have his life expectancy redetermined
      from time to time but no more frequently than annually.  In the event
      a Participant or Beneficiary fails to make such an election, then no
      recalculation shall be performed.  Notwithstanding the foregoing, with
      respect to distributions made on or after July 1, 2001, the Plan will apply
      the
      minimum distribution requirements of Section 401(a)(9) of the Code in accordance
      with the regulations under Section 401(a)(9) that were proposed on July 1,
      2001.  This provision shall continue in effect until the end of last
      calendar year beginning before the effective date of final regulations under
      Section 401(a)(9) or such other date as may be specified in guidance published
      by the Internal Revenue Service.

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    15.8           
      Incidental Death
      Benefit Requirements.  Except in the case of a joint and
      survivor annuity contract issued on the joint lives of a Participant and his
      spouse, any other method of distribution payable to a Participant shall conform
      to the incidental death benefit requirements of Section 1.401(a)(9)-2 of the
      Treasury Regulations.  Notwithstanding the foregoing, with respect to
      distributions made on or after January 17, 2001, the Plan will apply the minimum
      distribution requirements of Section 401(a)(9) of the Code in accordance with
      the regulations under Section 401(a)(9) that were proposed on January 17,
      2001.  This provision shall continue in effect until the end of last
      calendar year beginning before the effective date of final regulations under
      Section 401(a)(9) or such other date as may be specified in guidance published
      by the Internal Revenue Service.

    15.9           
      Purchase and Transfer
      of Annuity Contract.  In the event a Participant or Beneficiary
      shall be entitled to receive distribution of his Accounts in the form of an
      annuity, the Administrator shall direct the Trustee to sell any Shares and
      any
      other assets credited to his Accounts and the Administrator shall use the amount
      of his distributable Accounts to purchase an annuity contract from an insurance
      company.  If the Administrator obtains an annuity contract or
      contracts for the benefit of a Participant or a Beneficiary as provided above,
      the Administrator shall, after having selected such settlement options and
      placed such restrictive endorsements thereon as it deems necessary or desirable,
      transfer ownership of the contract or contracts to such Participant or
      Beneficiary and deliver said contract or contracts to him.

    15.10                      
      Maintenance of
      Account.  As long as assets of this Plan remain credited to an
      Account of a Participant or Beneficiary, the Administrator shall continue to
      maintain and administer said Account in accordance with the terms and provisions
      of this Plan.

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    15.11                      
      Direct
      Rollover.  Any distribution made hereunder to a Distributee
      shall be made directly to such Distributee unless he elects a Direct Rollover
      pursuant to the second paragraph of this Section; provided, however, that the
      Distributee must acknowledge in writing that he understands that any payment
      which includes more than two hundred dollars ($200.00) in cash and which, under
      Code Section 402(c), is eligible to be rolled over to an Eligible Retirement
      Plan will be subject to withholding taxes.

    Each
      Distributee shall have the right
      to direct that any distribution which, under Code Section 402(c), qualifies
      as
      an Eligible Rollover Distribution be transferred directly to an Eligible
      Retirement Plan.  A Distributee may direct that part of the
      distribution be transferred directly to an Eligible Retirement Plan and the
      balance be paid to him.  A Distributee is not permitted to direct that
      his distribution be transferred directly to more than one Eligible Retirement
      Plan.  In the event that a Distributee fails to make any direction,
      the distribution shall be paid directly to him after deduction of appropriate
      withholding taxes.

    Unless
      the context otherwise indicates,
      the following terms shall have the following meanings whenever used in this
      Section:

    
      	
               

            	
              (a)

            	
              “Eligible
                Rollover Distribution” shall mean 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:

            

    

     

    
      	
               

            	
              (i)

            	
              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 (10) years or more;
                

            

    

     

    
      	
               

            	
              (ii)

            	
              any
                distribution to the extent such distribution is required under Section
                15.7 hereof which reflects the requirements under Section 401(a)(9)
                of the
                Code; 

            

    

     

    
      	
               

            	
              (iii)

            	
              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), except that for
                distributions made on or after January 1, 2002, after tax contributions
                are included in a Participant’s Eligible Rollover Distribution; and
                

            

    

     

    
      	
               

            	
              (iv)

            	
              effective
                for distributions occurring on or after January 1, 2002, any hardship
                distribution made in accordance with Article 10.
                

            

    

     

    
      	
               

            	
              (b)

            	
              “Eligible
                Retirement Plan” shall mean: 

            

    

     

    
      	
               

            	
              (i)

            	
              an
                individual retirement account described in Section 408(a) of the
                Code;
                

            

    

     

    
      	
               

            	
              (ii)

            	
              an
                individual retirement annuity described in Section 408(b) of the
                Code;
                

            

    

     

    
      	
               

            	
              (iii)

            	
              an
                annuity plan described in Section 403(a) of the Code;
                

            

    

     

    
      	
               

            	
              (iv)

            	
              a
                qualified trust described in Section 401(a) of the Code; or
                

            

    

     

    
      	
               

            	
              (v)

            	
              effective
                for distributions made on or after January 1, 2002, an eligible deferred
                compensation plan described in Section 457(b) of the Code which is
                maintained by an eligible employer described in Section 457(e)(1)(A)
                of
                the Code; or 

            

    

     

    
      	
               

            	
              (vi)

            	
              effective
                for distributions made on or after January 1, 2002, an annuity contract
                described in Section 403(b) of the Code,

            

    

     

    that
      accepts the Distributee’s Eligible Rollover Distribution.

     

    Notwithstanding
      the foregoing, for Plan Years beginning before January 1, 2002, in the case
      of
      an Eligible Rollover Distribution to the surviving spouse of a deceased
      Employee, an Eligible Retirement Plan is limited to an individual retirement
      account or individual retirement annuity.

     

    
      	
               

            	
              (c)

            	
              “Distributee”
                shall mean: 

            

    

     

    
      	
               

            	
              (i)

            	
              an
                Employee or former Employee; and 

            

    

     

    
      	
               

            	
              (ii)

            	
              an
                Employee’s or a former Employee’s surviving spouse and an Employee’s or
                former Employee’s spouse or former spouse who is the Alternate Payee under
                a Qualified Domestic Relations Order, as defined in Section 2.43
                hereof,
                without regard to the interest of the spouse or former spouse.
                

            

    

     

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    
      	
               

            	
              (d)

            	
              “Direct
                Rollover” shall mean a payment by this Plan to the Eligible Retirement
                Plan specified by the Distributee. 

            

    

     

    15.12                      
      Missing
      Participants.  If, after reasonable efforts of the
      Administrator to locate a Participant or the Beneficiary of a deceased
      Participant, including sending a certified letter, return receipt requested,
      to
      the last known address of the Participant or Beneficiary, the Administrator
      is
      unable to locate the Participant or Beneficiary, then the amounts distributable
      to such Participant or Beneficiary shall, pursuant to applicable state or
      Federal laws, be treated as a forfeiture under the Plan.  In the event
      that such a Participant or Beneficiary is located subsequent to such a
      forfeiture, then, pursuant to applicable state or Federal laws, his benefit
      shall be reinstated (without earnings from the date of forfeiture except to
      the
      extent required by law) and shall not be used to determine his Annual Additions
      for the Plan Year in which it is reinstated.  If the Plan is joined as
      a party to any escheat proceedings involving an amount forfeited pursuant to
      this Section, the Plan shall comply with the final judgment as if it were a
      claim filed by the form Participant or Beneficiary and shall pay in accordance
      with said judgment.

    15.13                      
      Pre-Restatement
      Date
      Methods of Distribution.  Notwithstanding any provisions of
      this Article to the contrary, the method of distribution being utilized, as
      of
      the date immediately prior to the Restatement Date, to distribute benefits
      to or
      with respect to Participants who had retired, died, become disabled, or
      terminated employment prior to the Restatement Date shall not be
      changed.

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    ARTICLE
      16

     

    ADMINISTRATION

     

    16.1           
      Powers and Duties
      of
      Administrator.  The Board of Directors shall appoint the
      Administrator which shall be any person(s), corporation or partnership,
      (including the Company itself) as the Board of Directors shall deem desirable
      in
      its sole discretion.  The Company shall notify the Trustee of the
      identity of the Administrator and of any change therein.  As of the
      Restatement Date, the Administrator shall be the Company.  The
      Company, in its capacity as Administrator, shall have the power to delegate
      to
      agents or delegates, the right to exercise any powers given to the Administrator
      hereunder or under law and/or the obligation to carry out any or all of its
      duties as Administrator.  Any reference contained in the Plan to the
      Administrator shall be deemed to apply also to an agent or delegate, if the
      Company shall have delegated such duty or power to the agent or
      delegate.

    Except
      as expressly set forth herein
      with respect to the duties and responsibilities of the Trustee, the
      Participating Employers or the Committee, the Administrator shall administer
      this Plan and shall have all powers and duties granted or imposed on an
“administrator” by ERISA.  The Administrator shall determine any and
      all questions of fact, resolve all questions of interpretation of this
      instrument which may arise under any of the provisions of this Plan as to which
      no other provision for determination is made hereunder, and exercise all other
      powers and discretions necessary to be exercised under the terms of this Plan
      which it is herein given or for which no contrary provision is
      made.  Subject to the provisions of Section 16.6 hereof, the
      Administrator’s decision with respect to any matter shall be final and binding
      upon the Trustee and all other parties concerned, and neither the Administrator
      nor any of its directors, officers or Employees, if applicable, shall be liable
      in that regard except for gross abuse of the discretion given it and them under
      the terms of this Plan.  In rendering its decisions hereunder,
      the

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    Administrator
      shall have full power and discretion to interpret this Plan, to resolve
      ambiguities, inconsistencies, and omissions, to determine any question of fact,
      and to determine the right to benefits of, and the amount, time and form of
      benefits, if any, payable to, the applicant in accordance with the provisions
      of
      this Plan.  No benefits shall be payable hereunder unless the
      Administrator (or, if the Administrator’s decision is appealed, the Committee
      acting in its review capacity hereunder) determines in its discretion such
      benefit is due under the terms of this Plan.  All determinations of
      the Administrator, and other exercises of the Administrator’s discretion
      hereunder shall be made in such manner as the Administrator determines to be
      in
      accord with applicable law and generally uniform, consistent, and
      nondiscriminatory with respect to all Participants and Beneficiaries in similar
      circumstances.  The Administrator, from time to time, may designate
      one or more persons or agents to carry out any or all of its duties
      hereunder.  All determinations of the Administrator and other
      exercises of the Administrator’s discretion hereunder shall be made in such a
      manner as the Administrator determines to be in accord with applicable law
      and
      generally uniform, consistent and nondiscriminatory with respect to all
      Participants, former Participants and Beneficiaries in similar
      circumstances.  The Administrator, from time to time, may designate
      one or more persons or agents to carry out any or all of its duties
      hereunder.

    Without
      limiting any other powers
      expressly granted to the Administrator hereunder, the Administrator shall have
      the power to adopt and implement such rules and procedures regarding the
      administration of the Plan as the Administrator may deem
      appropriate.  Notwithstanding any provision of the Plan to the
      contrary, such rules and procedures may permit or require any elections by
      Participants, former Participants, or Beneficiaries regarding deferrals,
      after-tax contributions, investments, loans, withdrawals and distributions
      to be
      made in such

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    form
      (including in writing, orally, telephonically, or electronically) as the
      Administrator may determine.  In addition, the Administrator shall
      have the power to rename, combine, and separate Accounts, establish
      sub-Accounts, or otherwise restructure any Accounts under this Plan or any
      Supplement in such manner as the Administrator deems appropriate for the
      administration of the Plan, provided that such restructuring shall not change
      the balance of the Accounts of any Participant as of the time of such
      restructuring (disregarding the impact of any rounding).  Unless the
      Plan specifically provides otherwise, the provisions of the Plan with respect
      to
      vesting, distribution rights and restrictions, loan rights and restrictions,
      investment rights, and other features applicable to the balance of any Account
      of any Participant prior to such restructuring shall continue with respect
      to
      the portion of the Accounts of such Participant after the restructuring which
      are attributable to such balance.  All references in this Plan to any
      Account prior to such a restructuring shall thereafter be deemed to refer to
      the
      Account, Accounts, or portions thereof into which such prior Account was
      restructured.

    16.2           
      Application for
      Retirement Benefits.  Each Participant or Beneficiary who is
      eligible for benefits under Article 12, 13, or 14 shall apply therefor on a
      form
      which shall be given to him for that purpose by the Administrator; provided,
      however, that the foregoing requirement shall not apply in any case in which
      a
      Participant or Beneficiary shall be unable, for physical, mental, or any other
      reason satisfactory to the Administrator to make such
      application.  The Administrator shall not process any application
      filed by a Participant or Beneficiary with respect to a retroactive claim for
      benefits.  Upon finding that such Participant or Beneficiary satisfies
      the eligibility requirements for benefits under Article 12, 13, or 14, the
      Administrator shall promptly notify the Trustee in writing of his eligibility
      and of the method of distribution selected in accordance with Article
      15.

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    Notwithstanding
      anything contained
      herein to the contrary, a Participant must file a claim for disability
      retirement benefits pursuant to Article 13 hereof within one hundred twenty
      (120) days following such Participant’s Termination of Employment due to this
      Total and Permanent Disability.

    16.3           
      Denial of Benefit
      Claim.  If any Participant, any former Participant, any
      Beneficiary or the authorized representative of a Participant, former
      Participant or Beneficiary shall file an application for benefits hereunder
      and
      such application is denied, in whole or in part, he shall be notified in writing
      of the specific reason or reasons for such denial unless the granting or denial
      of the application is in the sole discretion of the Administrator, in which
      event the notice to the applicant shall state that the Administrator has denied
      the application pursuant to the exercise of its discretionary powers under
      this
      Plan.  The notice shall also set forth the specific Plan provisions
      upon which the denial is based, an explanation of the provisions of Section
      16.6
      hereof and any other information deemed necessary or advisable by the
      Administrator.  Such notice shall be issued within ninety (90) days of
      the filing of a claim by a Participant, former Participant or Beneficiary;
      provided, however, that such ninety (90) day time period may be extended for
      a
      period of up to an additional ninety (90) days in the event that special
      circumstances require an extension of time for processing the
      claim.  If such an extension of time for processing the claim is
      required, written notice of such extension shall be furnished to the applicant
      prior to the end of the initial ninety (90) day period.  Such notice
      shall also indicate the special circumstances which make such extension
      necessary.

    16.4           
      Administrative
      Committee.  The Board of Directors or the appropriate officers
      of the Company shall appoint the members of an Administrative Committee which
      shall consist of two (2) or more members.  The members of the
      Committee shall remain in office at

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    the
      will
      of the Board of Directors or the Company, and the Board of Directors or the
      Company, from time to time, may remove any of said members with or without
      cause.  A member of the Committee may resign upon written notice to
      the Board of Directors or appropriate officer of the Company.  The
      fact that a person is a Participant or a former Participant or a prospective
      Participant shall not disqualify him from acting as a member of the
      Committee.  In case of the death, resignation or removal of any member
      of the Committee, the remaining members shall act until a successor-member
      shall
      be appointed.  The Company shall notify the Trustee in writing of the
      names of the members of the Administrative Committee, of any and all changes
      in
      the membership of the Administrative Committee, of the member designated as
      Chairman and the member designated as Secretary, and of any changes in either
      office.  Until notified of a change, the Trustee shall be protected in
      assuming that there has been no change in the membership of the Administrative
      Committee since the last notification was filed with it.  All
      communications to the Committee shall be addressed to its Secretary at the
      address of the Company.

    16.5           
      Committee
      Procedures.  The Committee may act on a matter of day-to-day
      administration of the Plan by decision of any two (2) or more of its
      members.  On all matters relating to claims review, the decision of a
      majority of the members of the Committee shall govern and control, but a meeting
      need not be called or held to make any decision.  The Committee shall
      appoint one of its members to act as its Chairman and another member to act
      as
      Secretary.  The terms of office of these members shall be determined
      by the Committee, and the Secretary and/or Chairman may be removed by the other
      members of the Committee for any reason which such other members may deem just
      and proper.  The Secretary shall do all things

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    directed
      by the Committee.  Any notice served or demand made on the Secretary
      shall be deemed to have been served or made upon the Committee.

    16.6           
      Claims Review
      Procedures.  Any Participant, any former Participant, any
      Beneficiary or any authorized representative of a Participant, former
      Participant or Beneficiary whose application for benefits hereunder has been
      denied, in whole or in part, by the Administrator, may within sixty (60) days
      after receipt of written notice of denial of his claim and upon written notice
      to the Committee request a review by the Committee of such denial of his
      application.  Such review may be made by written briefs submitted by
      the applicant and the Administrator or at a hearing, or by both, as shall be
      deemed necessary by the Committee.  Any such hearing shall be held in
      the main offices of the Company, or at such other location as shall be agreed
      upon among the Administrator, the Committee and the applicant, on such date
      and
      at such time as the Committee shall designate upon not less than seven (7)
      days’
notice to the applicant and the Administrator unless both of them accept shorter
      notice.  The Committee shall make every effort to schedule the hearing
      on a day and at a time which is convenient to both the applicant and the
      Administrator.  No later than sixty (60) days after the review has
      been completed, the Committee shall render a decision in writing, a copy of
      which shall be sent to both the applicant and the Administrator.  In
      the event that the Committee does not reach a decision within said sixty (60)
      day period, the applicant shall be notified of the delay, in writing, and said
      decision shall be rendered no later than one hundred twenty (120) days following
      the applicant’s request for review.  In rendering its decision, the
      Committee shall have full power and discretion to interpret this Plan, to
      resolve ambiguities, inconsistencies and omissions, to determine any question
      of
      fact, to determine the right to benefits of, and the amount of benefits, if
      any,
      payable to, the applicant in accordance with the provisions of this
      Plan.  Such decision

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    shall
      set
      forth the specific reason or reasons for the decision and the specific Plan
      provisions upon which the decision is based.  Such decision shall be
      final and binding on the applicant, the Trustee, the Participating Employers
      and
      the Administrator.

    No
      legal action may be commenced
      against the Plan, the Administrator or the Committee more than one hundred
      eighty (180) days after the Committee’s final decision has been rendered with
      respect to all or any portion of the claim.

    16.7           
      Fees and
      Expenses.  No member of the Committee shall be disqualified
      from acting on any question because of his interest therein.  No fee
      or compensation shall be paid to any member of the Committee for his services
      as
      such, but the Committee shall be reimbursed for its expenses from the Trust
      Fund, unless such expenses are paid by the Participating
      Employers.  The Committee and the Administrator may hire such
      attorneys, accountants, agents, clerks, recordkeepers and secretaries as they
      deem desirable in the performance of their functions.

    The
      expenses of administration of this
      Plan incurred by the Committee, the Administrator or the Trustee, including
      but
      not limited to, accountants’ fees, attorneys’ fees, and the fees charged by the
      Trustee or agents of the Committee or the Administrator, shall be paid in any
      one of the following manners as determined by the Company in its sole
      discretion:

    
      	
               

            	
              (a)

            	
              out
                of the Trust Fund; 

            

    

     

    
      	
               

            	
              (b)

            	
              out
                of individual Participants’ Accounts, if such fees directly relate to such
                Participants Account activities; 

            

    

     

    
      	
               

            	
              (c)

            	
              out
                of the annual contributions of the Participating Employers, if any;
                or
                

            

    

     

    
      	
               

            	
              (d)

            	
              directly
                by the Participating Employers. 

            

    

     

    16.8           
      Exhaustion of Review
      Procedures; Statute of Limitations.  The interpretations,
      determinations and decisions of the Administrator and the Committee
      shall,

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    except
      to
      the extent provided in Section 16.6 hereof, be final and binding upon all
      persons with respect to any right, benefit and privilege
      hereunder.  Except as otherwise provided in ERISA, the review
      procedures of said Section 16.6 shall be the sole and exclusive remedy and
      shall
      be in lieu of all actions at law, in equity, pursuant to arbitration or
      otherwise.  In any event, a Participant, former Participant or
      Beneficiary must exhaust the review procedures of Section 16.6 hereof prior
      to
      the commencement of any such action.  For claims incurred on or after
      the Restatement Date, no legal action may be commenced against the Plan, the
      Administrator or the Committee more than one hundred eighty (180) days after
      the
      Committee’s final decision has been rendered, in accordance with Section 16.6,
      with respect to all or any portion of the claim.

    16.9           
      Delegated Duties
      and
      Responsibilities.  The Participating Employers, Administrator,
      Committee, Board of Directors, Trustee and their respective officers, members,
      Employees and agents shall have no duty or responsibility under this Plan other
      than the duties and responsibilities expressly assigned to them herein or
      delegated to them pursuant hereto or the Trust Agreement.  None of
      them shall have any duty or responsibility with respect to the duties or
      responsibilities assigned or delegated to another of them.  In no
      event shall the Participating Employers, Administrator, Committee, Board of
      Directors or their respective officers, members, Employees and agents be deemed
      to have any duty or responsibility with respect to the holding, safekeeping,
      investment, reinvestment and administration of the Trust Fund.

    16.10                      
      Limitation of
      Liability and Indemnification.  Except as otherwise provided in
      ERISA, the Administrator, Committee, Board of Directors, and their respective
      officers and members shall incur no personal liability of any nature whatsoever
      in connection with any act done or omitted to be done in the administration
      of
      this Plan.  The Participating Employers shall indemnify, defend, and
      hold harmless the Administrator, Committee, Board of Directors, and

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    their
      respective officers, Employees, members and agents, for all acts taken or
      omitted in carrying out their responsibilities under the terms of this Plan
      or
      other responsibilities imposed upon such persons by ERISA.  This
      indemnification for all acts or omissions is intentionally broad, but shall
      not
      provide indemnification for embezzlement or diversion of Trust funds for the
      benefit of any such persons, nor shall it provide indemnification for excise
      taxes imposed under Section 4975 of the Code.  The Participating
      Employers shall indemnify such persons for expenses of defending an action
      by a
      Participant, former Participant, Beneficiary, government entity, or other
      persons, including all legal fees and other costs of such
      defense.  The Participating Employers will also reimburse such a
      person for any monetary recovery in a successful action against such person
      in
      any federal or state court or arbitration.  In addition, if the claim
      is settled out of court with the concurrence of the Company, the Participating
      Employers shall indemnify such person for any monetary liability under said
      settlement.

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    ARTICLE
      17

     

    PROHIBITION
      AGAINST
      ALIENATION

     

    17.1           
      Non-Alienation of
      Benefits.  Neither any property nor any interest in any
      property held for the benefit of any Participant, former Participant or
      Beneficiary shall be alienated, disposed of or in any manner encumbered,
      voluntarily, involuntarily or by operation of law, while in the possession
      or
      control of the Trustee except by an act of the Trustee or the Participant,
      former Participant or Beneficiary specifically authorized
      hereunder.

    17.2           
      Exception For
      Qualified Domestic Relations Order.  Section 17.1 hereof shall
      not apply to the creation, assignment or recognition of a right to any benefit
      under this Plan pursuant to a Qualified Domestic Relations Order and shall
      not
      apply to the payment of any benefits to an Alternate Payee pursuant to such
      an
      order.

    17.3           
      Procedures For
      Determining Whether Order Is Qualified.  In the event this Plan
      is served with a Domestic Relations Order, the Administrator shall promptly
      notify the Participant or former Participant and any Alternate Payee to whom
      such order relates of the receipt of such order and this Plan’s procedures for
      determining whether such order is a Qualified Domestic Relations
      Order.  Within a reasonable time after receipt of such Domestic
      Relations Order, the Administrator shall determine whether such order is a
      Qualified Domestic Relations Order and shall notify the Participant or former
      Participant and each Alternate Payee of its determination.

    17.4           
      Segregated
      Account.  During any period in which the issue of whether a
      Domestic Relations Order is a Qualified Domestic Relations Order is being
      determined, the Administrator shall direct the Trustee to credit the portion
      of
      the Participant’s or former Participant’s Account balances which would have been
      payable to an Alternate Payee during such period if the order had been
      determined to be a Qualified Domestic Relations Order during

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    such
      period to a segregated Account under this Plan and to debit the appropriate
      Accounts of the Participant or former Participant.  If the Domestic
      Relations Order is determined to be a Qualified Domestic Relations Order within
      eighteen (18) months after this Plan is served with such Domestic Relations
      Order, the Administrator shall hold and dispose of the segregated Account
      balance in accordance with the terms of the Qualified Domestic Relations
      Order.  If:

    
      	
               

            	
              (a)

            	
              it
                is determined that such Domestic Relations Order is not a Qualified
                Domestic Relations Order; or 

            

    

     

    
      	
               

            	
              (b)

            	
              the
                issue with respect to whether such Domestic Relations Order is a
                Qualified
                Domestic Relations Order is not resolved within eighteen (18) months
                after
                this Plan is served with such Domestic Relations Order;
                

            

    

     

    the
      Administrator shall transfer the segregated Account balance to the appropriate
      Accounts maintained for the benefit of the person who would have been entitled
      to such segregated Account balance if this Plan had never been served with
      such
      Domestic Relations Order.  If eighteen (18) months have elapsed since
      this Plan was served with such Domestic Relations Order and such order is
      subsequently determined to be a Qualified Domestic Relations Order, such order
      shall only be applied prospectively.

    17.5           
      Investment of
      Segregated Account.  The balance credited to any segregated
      Account which has been created under Section 17.4 hereof after this Plan has
      been served with a Domestic Relations Order (other than Shares and other amounts
      credited to the Invacare Segregated Stock Fund) shall be invested in such of
      the
      Investment Funds established pursuant to Article 17 hereof as the Participant
      to
      whom the Order relates shall direct until it is determined whether such Domestic
      Relations Order is a Qualified Domestic Relations Order.  If the Order
      is determined to be a Qualified Domestic Relations Order, the Alternate Payee
      shall thereafter be entitled to direct the investment of such Account (other
      than Shares and other

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    amounts
      credited to the Invacare Segregated Stock Fund) as though the Alternate Payee
      were a Participant.

    17.6           
      Distributions Pursuant
      to Qualified Domestic Relations Orders.  If a Qualified
      Domestic Relations Order so provides, the segregated Account established
      pursuant to Section 17.4 may be distributed to the Alternate Payee at the time
      specified in the Qualified Domestic Relations Order, regardless of whether
      the
      Participant is entitled to receive an immediate distribution from the Plan
      at
      such time.

    17.7           
      Application of Loan
      Provisions to Alternate Payees.  An Alternate Payee on whose
      behalf a segregated Account has been established shall not be entitled to borrow
      from such Account.  If a Qualified Domestic Relations Order specifies
      that an Alternate Payee is entitled to any portion of the Accounts of a
      Participant who has an outstanding loan balance, all outstanding loans shall
      generally continue to be held in the Participant’s Accounts and shall not be
      divided between the Participant’s and Alternate Payee’s Accounts.

    17.8           
      Review
      Procedures.  Any Participant, former Participant or Alternate
      Payee who is affected by a Domestic Relations Order served upon this Plan may,
      upon written notice to the Committee, request a review by such Committee of
      the
      Administrator’s determination with respect to the qualification or lack of
      qualification of such Domestic Relations Order.  Any such review by
      the Committee shall be subject to the rules and procedures set forth in Article
      16 hereof.

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    ARTICLE
      18

     

    AMENDMENT
      AND
      TERMINATION

     

    18.1           
      Power to Amend and
      Terminate.  This Plan may be modified, altered, amended,
      changed or terminated by the Company at any time generally by action of the
      Board of Directors.  Notwithstanding the foregoing, the proper
      officers of the Company shall have the power to amend the Plan in order to
      reflect desired changes in the administrative provisions thereof or to make
      such
      changes to the Plan as are required in order to maintain the tax qualification
      of the Plan pursuant to Code Sections 401(a), 401(k), 401(m), 409 and
      501(a).  Any amendment to the Plan shall be evidenced by an instrument
      in writing executed in the name of the Company by one (1) or more duly
      authorized officers of the Company, but no rights of Participants, former
      Participants or Beneficiaries receiving benefits under this Plan and no other
      rights under this Plan which are protected rights under Code Section 411(d)(6)
      shall in any way be reduced except as permitted by the Code or the Secretary
      of
      the Treasury.  This Plan as amended and restated herein may be
      modified and amended retroactively, if necessary, to secure exemption effective
      on the Restatement Date under Code Sections 401(a), 401(k), 401(m), 409 and
      501(a).   No amendment shall be binding on the Trustee until the
      receipt of such amendment by the Trustee.

    18.2           
      Termination.  Upon
      termination of this Plan all assets of the Trust Fund after deduction therefrom
      of any accrued expenses and fees of the Trustee and any expenses and fees
      relating to such termination incurred or to be incurred by the Trustee shall
      be
      allocated among the then existing Accounts.  Each such Account shall
      be adjusted in accordance with Sections 7.5 and 7.6 hereof.  All
      Account balances of Participants and former Participants at the time of
      termination of this Plan shall be fully vested and
      nonforfeitable.   Such Account balances shall be forthwith
      distributed to the Participant or former Participant for whose benefit
      the

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    Accounts
      were established if he is living on the date of termination, or if he shall
      have
      died before distribution, in accordance with the provisions of Article 14
      hereof.

    Upon
      termination of this Plan all
      annuity policies held by the Trustee shall be delivered, and all rights therein
      shall be transferred to those persons then receiving benefits or entitled to
      receive benefits from them.

    18.3           
      Partial Termination
      or
      Complete Discontinuance of Contributions.  Upon the partial
      termination of this Plan or upon complete discontinuance of contributions to
      this Plan by the Participating Employers, the Account balances of Participants
      affected by such partial termination or complete discontinuance shall be fully
      vested and nonforfeitable.  However, after any such partial
      termination or complete discontinuance of contributions, the Administrator
      shall
      continue to administer this Plan in the manner in which this Plan was
      administered before any such partial termination and a Participant shall only
      be
      entitled to receive benefits upon the occurrence of an event which under the
      terms of this Plan would entitle him to receive such benefits.  For
      purposes of this Section, no event shall be a “partial termination”
unless:  (a) the Company has so designated such event in a writing
      delivered to the Trustee; or (b) such event has been finally and expressly
      determined to be a partial termination within the meaning of Section 411(d)
      of
      the Code in an administrative or judicial proceeding to which both the Company
      and the Commissioner of Internal Revenue or his delegate were
      parties.

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    ARTICLE
      19

     

    LIMITATIONS
      ON
      CONTRIBUTIONS

     

    19.1           
      Contributions Are
      Subject to Limitations.  The amount and allocation of
      contributions under this Plan, including any contributions made pursuant to
      a
      Supplemental Agreement, shall be subject to several
      limitations.  Those limitations are as follows:

    
      	
               

            	
              (a)

            	
              Salary
                Deferral Contributions shall be subject to the individual dollar
                limit
                described in Section 19.2 hereof; 

            

    

     

    
      	
               

            	
              (b)

            	
              Salary
                Deferral Contributions shall be subject to the Deferral Percentage
                limit
                set forth in Section 19.3 hereof; 

            

    

     

    
      	
               

            	
              (c)

            	
              Matching
                contributions and after-tax contributions shall be subject to the
                Contribution Percentage limit set forth in Section 19.4 hereof;
                

            

    

     

    
      	
               

            	
              (d)

            	
              For
                Plan Years beginning before January 1, 2002, the contributions described
                in subparagraphs (b) and (c) above shall be subject to the limit
                on
                “multiple use” set forth in Section 19.5 hereof;
                

            

    

     

    
      	
               

            	
              (e)

            	
              All
                contributions made pursuant to Articles 5 and 6 hereof shall, in
                the
                aggregate, be subject to the deductibility limit set forth in Section
                19.6
                hereof; and 

            

    

     

    
      	
               

            	
              (f)

            	
              The
                allocation of all of the foregoing contributions, in the aggregate,
                shall
                be subject to the limitation on annual additions set forth in Article
                20
                hereof. 

            

    

     

    In
      addition, the following rules and
      procedures shall apply for purposes of this Article:

    
      	
               

            	
              (i)

            	
              For
                purposes of determining a Participant’s Deferral or Contribution
                Percentage pursuant to Section 19.8(b) or 19.8(c) hereof, all Salary
                Deferral Contributions that are made under two (2) or more plans
                (or
                after-tax and matching contributions, as appropriate) that are aggregated
                for purposes of Sections 401(a)(4) or 410(b) of the Code (other than
                Section 410(b)(2)(A)(ii) of the Code) shall be treated as made under
                a
                single plan. 

            

    

     

    
      	
               

            	
              (ii)

            	
              If
                two (2) or more plans are permissively aggregated for purposes of
                Section
                401(k) or 401(m) of the Code, the 

            

    

     

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    
      	
               

            	
              aggregated
                plans shall also satisfy Sections 401(a)(4) and 410(b) of the Code
                as
                though they were a single plan. 

            

    

     

    
      	
               

            	
              (iii)

            	
              The
                Deferral or Contribution Percentage of any Highly Compensated Employee
                shall be determined by treating all plans maintained by the Company
                and
                any Affiliates that are subject to Section 401(k) or 401(m) of the
                Code
                (other than those that may not be permissively aggregated) as a single
                plan. 

            

    

     

    19.2           
      The Dollar
      Limit.  The Salary Deferral Contributions with respect to the
      taxable year of a Participant plus similar amounts contributed on a similar
      basis by any other employer (whether or not related to a Participating Employer)
      required by law to be aggregated with his Salary Deferral Contributions under
      this Plan shall not exceed Ten Thousand Five Hundred Dollars ($10,500.00) or,
      effective as of the following dates:

    Effective
      Date                                           
Dollar
      Limit

    January
      1,
      2002                                           
Eleven Thousand Dollars ($11,000.00)

    January
      1,
      2003                                           
Twelve Thousand Dollars ($12,000.00)

    January
      1,
      2004                                           
Thirteen Thousand Dollars ($13,000.00)

    January
      1,
      2005                                           
Fourteen Thousand Dollars ($14,000.00)

    January
      1,
      2006                                           
Fifteen Thousand Dollars ($15,000.00)

    plus
      any
      adjustment for cost-of-living after 2001 as determined pursuant to regulations
      issued by the Secretary of the Treasury or his delegate pursuant to Section
      415(d) of the Code.

    In
      the event that the Salary Deferral
      Contributions for a Participant’s taxable year exceed such limit, or in the
      event that the Administrator shall receive notice from a Participant by the
      March 1 next following the close of a Participant’s taxable year that his Salary
      Deferral Contributions, together with similar contributions under plans of
      other
      employers shall have exceeded such limit, the Administrator shall cause the
      amount of excess contributions, together with any earnings allocable to such
      excess contributions, to be refunded to the Participant by the

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    following
      April 15th.  Any such refund of excess contributions shall be debited
      from the Participant’s Salary Deferral Account.

    19.3           
      Deferral Percentage
      Limit.  Salary Deferral Contributions made on behalf of a
      Participant for a Plan Year (hereinafter sometimes referred to as the “current
      Plan Year”) shall be limited so that the average Deferral Percentage for the
      Highly Compensated Employees who are Participants or who are eligible to become
      Participants for such Plan Year shall not exceed an amount determined based
      upon
      the average Deferral Percentage for the Employees who are Participants or who
      are eligible to become Participants but are not Highly Compensated Employees
      for
      the preceding Plan Year or, if the Company elects, for the current Plan Year,
      as
      follows:

     

    
      
        	
                (A)

              	 	
                
                  (B)

                

              
	
                Average
                  Deferral

              	 	
                Limit
                  on Average Deferral

              
	
                Percentage
                  for Employees

              	 	
                Percentage
                  for Employees

              
	
                Eligible
                  to Participate

              	 	
                Eligible
                  to Participate

              
	
                who
                  are not Highly

              	 	
                who
                  are Highly

              
	
                Compensated

              	 	
                Compensated

              
	 	 	 
	
                Less
                  than 2%

              	 	
                2
                  times Column (A)

              
	
                2%
                  or more but less than 8%

              	 	
                Column
                  (A) plus 2%

              
	
                8%
                  or more

              	 	
                1.25
                  times Column (A)

              

      

    

     

    In
      the
      event the Company elects to determine the average Deferral Percentages of
      Employees who are not Highly Compensated Employees on the basis of the current
      Plan Year rather than the preceding Plan Year in accordance with Section
      401(k)(3)(A) of the Code, such election by the Company may not be changed for
      Plan Years commencing after December 31, 1998, except as provided by the
      Secretary of the Treasury.

    If,
      for any Plan Year, this Plan
      satisfies the requirements of Section 19.4 hereof, then the Company may elect,
      in such manner as the Secretary of the Treasury or his delegate

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    may
      provide, to take into account, as additional amounts for purposes of this
      Section, all or a part of the fully vested matching contributions, if any,
      made
      for the Plan Year.

    19.4           
      Contribution
      Percentage Limit.  The contributions made for a Plan Year
      (hereinafter sometimes referred to as “current Plan Year”) as matching
      contributions shall be limited so that the average Contribution Percentage
      for
      the Highly Compensated Employees who are Participants or who are eligible to
      become Participants for such Plan Year shall not exceed an amount determined
      based upon the average Contribution Percentage for the Employees who are
      Participants or who are eligible to become Participants but are not Highly
      Compensated Employees for the preceding Plan Year or, if the Company elects,
      for
      the current Plan Year, in accordance with the table set forth in Section 19.3
      hereof.

    In
      the event the Company elects to
      determine the average Contribution Percentages of Employees who are not Highly
      Compensated Employees on the basis of the current Plan Year rather than the
      preceding Plan Year in accordance with Section 401(m)(2)(A) of the Code, such
      election by the Company may not be changed for Plan Years commencing after
      December 31, 1998, except as provided by the Secretary of the
      Treasury.

    If,
      for any Plan Year, this Plan
      satisfies the requirements of Section 19.3 hereof, then the Company may elect,
      in such manner as the Secretary of the Treasury or his delegate may provide,
      to
      take into account, as additional amounts for purposes of this Section, all
      or a
      part of the Salary Deferral Contributions made to this Plan.

    19.5           
      Pre-2002 Multiple
      Use
      Limit.  For Plan Years beginning prior to January 1, 2002, if
      the sum of the Deferral Percentage and the Contribution Percentage for one
      or
      more Highly Compensated Employees exceeds the Aggregate Limit defined in Section
      19.8(a) hereof, the Contribution Percentage for such Employee or Employees
      shall
      be reduced in accordance

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    with
      Section 19.7 hereof so that the Aggregate Limit is not exceeded.  The
      amount by which a Highly Compensated Employee’s Contribution Percentage is
      reduced shall be treated as an excess contribution pursuant to Section
      19.7.  The Deferral Percentage and Contribution Percentage of the
      Highly Compensated Employees shall be determined after any corrections are
      made
      to meet the Deferral Percentage and Contribution Percentage
      limits.  Multiple use does not occur if neither the average Deferral
      Percentage nor the average Contribution Percentage of the Highly Compensated
      Employees exceeds one and twenty-five hundredths (1.25) multiplied by the
      corresponding average Deferral Percentage or average Contribution Percentage
      of
      the Non-Highly Compensated Employees.

    19.6           
      Deductibility
      Limit.  In no event shall the total of all contributions made
      pursuant to Articles 5 and 6 hereof exceed the maximum amount allowable as
      a
      deduction under Section 404(a)(3) of the Code or any statute of similar import,
      including the amount of any contribution carryforward allowable under said
      Section 404(a)(3) and, effective January 1, 2002, taking into account Section
      616 of the Economic Growth and Tax Relief Reconciliation Act of
      2001.  Notwithstanding the foregoing, effective January 1, 2002,
      amounts contributed by Participating Companies pursuant to Participants’
elections under Section 5.1 hereof, shall not be considered in determining
      the
      maximum amount allowable as a deduction.  This limitation shall not
      apply to contributions which may be required in order to provide the minimum
      contributions described in Article 24 hereof for any Plan Year in which this
      Plan is Top-Heavy.  Nor shall this limitation apply to contributions
      which may be required in order to recredit the Account of any rehired
      Participant whose Account is to be recredited with prior forfeitures as
      described in Section 12.5 hereof.

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    19.7           
      Distribution of
      Excess
      Contributions.  In the event that the limitations set forth in
      Section 19.2, 19.3, 19.4 or 19.5 hereof shall be exceeded, the Administrator
      shall take action to reduce future Salary Deferral Contributions made pursuant
      to Article 5 hereof and/or future matching contributions made pursuant to
      Article 6 hereof, as appropriate.  Such action may include a reduction
      in the future rate of Salary Deferral Contributions of any Highly Compensated
      Employee pursuant to any legally permissible procedure.  In the event
      that such action shall fail to prevent the excess, prior Salary Deferral
      Contributions made pursuant to Article 5 hereof, plus any income and minus
      any
      losses allocable thereto to the date of distribution, shall be distributed
      to
      the Participant on whose behalf such contributions were made.  In the
      event that any Salary Deferral Contributions made pursuant to Article 5 hereof
      are distributed to a Participant, any related matching contributions, plus
      any
      income and minus any losses allocable thereto to the date of distribution,
      shall
      be:

    
      	
               

            	
              (a)

            	
              forfeited
                and disposed of if such matching contributions are not vested; and
                

            

    

     

    
      	
               

            	
              (b)

            	
              distributed
                to the Participant if such matching contributions are vested.
                

            

    

     

    In
      the
      event of such a distribution or forfeiture, the Salary Deferral Account, and
      if
      applicable the Matching Contribution Account, of such Participant shall be
      debited with the amount of such distribution or forfeiture.  Any such
      adjustments made in Participants’ Accounts shall be made in a uniform manner for
      similarly situated Participants.

    In
      the event that distributions must be
      made in order to bring this Plan into compliance with Section 19.3, 19.4 or
      19.5
      hereof, the Administrator shall reduce the dollar amount of deferrals of Highly
      Compensated Employees in descending order, beginning with the Highly Compensated
      Employee(s) with the highest total deferral amount until such limitations have
      been satisfied.  In performing such reduction, the reduced deferral
      amount of any affected

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    Highly
      Compensated Employee shall, in no event, be lower than that of the Highly
      Compensated Employee with the next highest deferral amount.

    Any
      excess Salary Deferral
      Contributions to be distributed to a Participant pursuant to this Section shall
      be reduced by any excess Salary Deferral Contributions previously distributed
      to
      such Participant for such Participant’s taxable year ending with or within the
      Plan Year in accordance with Code Section 402(g)(2).

    Any
      excess matching contributions for a
      Plan Year, together with any income allocable to such excess matching
      contributions, which are distributable as described above shall be distributed
      to a Participant within one (1) year after the end of such Plan
      Year.  If such excess amounts are not distributed within two and
      one-half (2-1/2) months of the end of the Plan Year, a ten percent (10%) excise
      tax on such excess amounts shall be imposed on the Company.  Excess
      matching contributions shall be treated as annual additions under Article 20
      hereof.

    19.8           
      Definitions.  For
      purposes of this Article, the following definitions and special rules shall
      apply:

    
      	
               

            	
              (a)

            	
              “Aggregate
                Limit” shall mean the greater of (i) or (ii), where:
                

            

    

     

    
      	
               

            	
              (i)

            	
              equals
                the sum of: 

            

    

     

    
      	
               

            	
              (A)

            	
              one
                and twenty-five hundredths (1.25) times the greater of the Deferral
                Percentage or the Contribution Percentage for the Non-Highly Compensated
                Employees; and 

            

    

     

    
      	
               

            	
              (B)

            	
              two
                (2) percentage points plus the lesser of the Deferral Percentage
                or the
                Contribution Percentage for the Non-Highly Compensated Employees;
                and
                

            

    

     

    
      	
               

            	
              (ii)

            	
              equals
                the sum of: 

            

    

     

    
      	
               

            	
              (A)

            	
              one
                and twenty-five hundredths (1.25) times the lesser of the Deferral
                Percentage or the Contribution Percentage for the Non-Highly Compensated
                Employees; and 

            

    

     

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    
      	
               

            	
              (B)

            	
              two
                (2) percentage points plus the greater of the Deferral Percentage
                or the
                Contribution Percentage for the Non-Highly Compensated Employees.
                

            

    

     

    In
      no
      event, however, shall the amounts set forth in subparagraphs (i)(B) and (ii)(B)
      above exceed twice the greater of the Deferral Percentage or the Contribution
      Percentage for the Non-Highly Compensated Employees.

     

    
      	
               

            	
              (b)

            	
              “Contribution
                Percentage” shall mean for a Participant for any Plan Year a fraction:
                

            

    

     

    
      	
               

            	
              (i)

            	
              the
                numerator of which shall equal matching contributions made on his
                behalf;
                and 

            

    

     

    
      	
               

            	
              (ii)

            	
              the
                denominator of which shall equal his Testing Compensation for such
                Plan
                Year; 

            

    

     

    provided,
      however, that the Company may elect to take into account additional
      contributions pursuant to Section 19.4 hereof.  In addition,
“Contribution Percentage” shall mean zero percent (0%) for an Employee who is
      eligible to become a Participant but who is not a Participant.  In
      addition, matching contributions shall be considered to be made on a
      Participant’s behalf for a Plan Year if such matching contributions are made as
      a result of the Participant’s Salary Deferral Contributions, are allocated to
      the Participant’s Matching Contribution Account during such Plan Year and are
      paid to this Plan no later than twelve (12) months after the end of such Plan
      Year.

     

    
      	
               

            	
              (c)

            	
              “Deferral
                Percentage” shall mean for a Participant for any Plan Year a fraction:
                

            

    

     

    
      	
               

            	
              (i)

            	
              the
                numerator of which shall equal the total of the Salary Deferral
                Contributions made on his behalf for such Plan Year; and
                

            

    

     

    
      	
               

            	
              (ii)

            	
              the
                denominator of which shall equal his Testing Compensation for such
                Plan
                Year; 

            

    

     

    provided,
      however, that the Company may elect to take into account additional
      contributions pursuant to Section 19.3 hereof.  In addition, “Deferral
      Percentage” shall mean zero percent (0%) for an Employee who is eligible to
      become a Participant but who is not a Participant.  In addition,
      Salary Deferral Contributions shall be considered to be made on a Participant’s
      behalf for a Plan Year if such Salary Deferral Contributions are not contingent
      on participation or performance of services after the end of such
      Plan

     

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    Year,
      such Salary Deferral Contributions would have been received (but for the
      deferral election) within two and one-half (2-1/2) months after the end of
      such
      Plan Year and are paid to this Plan no later than twelve (12) months after
      the
      end of such Plan Year.

     

    
      	
               

            	
              (d)

            	
              “Top
                Paid Group” shall mean a group consisting of the top paid twenty percent
                (20%) of the Employees of a Participating Employer and all Affiliates
                ranked on the basis of Testing Compensation from a Participating
                Employer
                and all Affiliates paid during the Plan Year.  In determining
                the members of the Top Paid Group, the following Employees shall
                be
                excluded: 

            

    

     

    
      	
               

            	
              (i)

            	
              Employees
                who have not completed six (6) months service;

            

    

     

    
      	
               

            	
              (ii)

            	
              Employees
                who normally work less than seventeen and one-half (17-1/2) hours
                per
                week; 

            

    

     

    
      	
               

            	
              (iii)

            	
              Employees
                who normally work during not more than six (6) months during any
                year;
                

            

    

     

    
      	
               

            	
              (iv)

            	
              Employees
                who have not attained age twenty-one (21);

            

    

     

    
      	
               

            	
              (v)

            	
              except
                to the extent provided in regulations, Employees who are included
                in a
                unit of Employees covered by an agreement which the Secretary of
                Labor
                finds to be a collective bargaining agreement between Employee
                representatives and a Participating Employer or any Affiliate; and
                

            

    

     

    
      	
               

            	
              (vi)

            	
              Employees
                who are nonresident aliens and who receive no earned income (within
                the
                meaning of Section 911(d)(2) of the Code) from a Participating
                Employer or any Affiliate which constitutes income from sources within
                the
                United States (within the meaning of Section 861(a)(3) of the Code).
                

            

    

     

    The
      Company may elect (in such manner as may be provided by the Secretary of the
      Treasury or his delegate) to apply subparagraph (i), (ii), (iii), or (iv) by
      substituting a shorter period of service, smaller number of hours or months,
      or
      lower age for the period of service, number of hours or months, or age (as
      the
      case may be) than that specified in such subparagraph.

     

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    

    ARTICLE
      20

     

    LIMITATION
      ON ANNUAL
      ADDITIONS

     

    20.1           
      Code Section 415
      Limitation.  Notwithstanding anything contained in this Plan to
      the contrary, in no event shall a Participant’s annual additions and annual
      amount of retirement benefits be greater than the maximum allowable amounts
      determined in accordance with Section 415 of the Code, taking into account
      (for
      periods prior to January 1, 2000) paragraph (e) of said Section 415, Section
      1106 of the Tax Reform Act of 1986, Section 235(g) of the Tax Equity and Fiscal
      Responsibility Act of 1982, Section 2004(d) of ERISA and Sections 611 and 632
      of
      the Economic Growth and Tax Relief Reconciliation Act of 2001, which are,
      respectively, incorporated herein by reference.

    20.2           
      Adjustment Under
      Code
      Section 415.  Adjustment under Section 415 of the Code shall be
      made in the following order:

    
      	
               

            	
              (a)

            	
              first,
                annual additions which consist of quarterly employer contributions
                shall
                be reduced; 

            

    

     

    
      	
               

            	
              (b)

            	
              second,
                annual additions which consist of matching contributions shall be
                reduced;
                and 

            

    

     

    
      	
               

            	
              (c)

            	
              third,
                annual additions which consist of Salary Deferral Contributions shall
                be
                reduced. 

            

    

     

    20.3           
      Limitation Year
      and
      Compensation.  For purposes of calculating the maximum
      allowable amounts under Section 20.1 hereof, a Participant’s “Limitation Year”
shall mean the calendar year and his compensation shall mean his “Testing
      Compensation” as defined in Article 2 hereof and paid and includible in gross
      income during the Limitation Year.

    20.4           
      Application of Excess
      Contributions.  In the event that, after the application of any
      other provisions of this Plan, there still remain, as a result of an allocation
      of forfeitures, a reasonable error in estimating a Participant’s Compensation or
      other limited facts

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    and
      circumstances which the Commissioner of Internal Revenue finds justify the
      availability of the rules set forth in this Section, Participating Employer
      contributions which, if allocated to a Participant, would be in excess of the
      limits on annual additions set forth in Section 20.1 hereof, such excess shall
      be used as of the next Allocation Date and any succeeding Allocation Date,
      as
      necessary, to reduce the Participating Employer contributions which would
      otherwise be made for such Participant for the Taxable Years ending on such
      dates.  In the event such Participant is not an Active Participant on
      the next Allocation Date, or on any succeeding Allocation Date on which such
      excess still remains, such excess shall be used as of such Allocation Date
      and
      on any succeeding Allocation Date to reduce the Participating Employer
      contributions for all Participants who are Active Participants.  In
      the event that Salary Deferral Contributions made by a terminated Participant
      are used for the benefit of other Participants after the Participant terminates
      employment, the Company shall make a direct payment to the terminated
      Participant on whose behalf such Salary Deferral Contributions were made equal
      to the total of such amounts.

    Until
      any excess described above is
      used to reduce Participating Employer contributions, it shall be held in a
      suspense account.  Such suspense account shall not be subject to the
      valuation procedures described in Sections 7.5 and 7.6
      hereof.  Notwithstanding any other provisions of this Plan to the
      contrary (and specifically Section 24.7 hereof), in the event this Plan is
      terminated at a time when there are amounts credited to a suspense account
      pursuant to this Section, such excess shall be returned to the
      Company.  In the event that amounts representing Salary Deferral
      Contributions are returned to the Company hereunder, the Company shall make
      payments to the Participants on whose behalf such Salary Deferral Contributions
      were made equal to the total of such refunded amounts.

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    ARTICLE
      21

     

    ROLLOVERS
      AND TRANSFERS
      INVOLVING

     

    OTHER
      QUALIFIED RETIREMENT
      PLANS

     

    21.1           
      Rollovers and
      Transfers from Other Tax Qualified Plans.  In the event
      that:

    
      	
               

            	
              (a)

            	
              any
                Covered Employee shall have been a Participant under another qualified
                retirement plan which met the requirements of Section 401(a) of the
                Code;
                and 

            

    

     

    
      	
               

            	
              (b)

            	
              the
                custodian or trustee of the assets held pursuant to said plan on
                behalf of
                said Covered Employee shall agree to transfer an amount of cash equal
                to
                the value of said assets to the Trustee hereunder; and
                

            

    

     

    
      	
               

            	
              (c)

            	
              the
                cash to be so transferred shall not be made available to said Covered
                Employee in the course of the transfer; and

            

    

     

    
      	
               

            	
              (d)

            	
              the
                Administrator consents to the transfer;

            

    

     

    the
      Trustee hereunder shall accept such transferred cash and hold and administer
      it
      pursuant to the terms and provisions of this Plan and this
      Article.  Notwithstanding the foregoing, in no event shall any cash be
      transferred from another qualified retirement plan to this Plan if the transfer
      of such cash would require that the provisions of this Plan governing
      distributions be amended to comply with the provisions of Section 401(a)(11)
      of
      the Code.  Upon the receipt of said cash, the Trustee shall credit
      such cash to the Rollover Account of the Covered Employee on whose behalf the
      cash was so transferred.  If necessary, the Administrator shall
      establish a Rollover Account in order to accomplish the foregoing on behalf
      of
      such a Covered Employee.

    During
      the period that a Covered
      Employee is not a Participant hereunder, he shall have only those rights
      hereunder as are necessary to effectuate his unique status as solely an
      Accountholder hereunder and permit the proper administration of this
      Plan.

    21.2           
      Rollovers and
      Transfers to Other Tax Qualified Plans.  In the event
      that:

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    (a)           
      any Covered Employee shall terminate his employment and subsequently become
      a
      Participant under the qualified retirement plan of another employer, which
      plan
      satisfies the requirements of Section 401 of the Code;

    
      	
               

            	
              (b)

            	
              said
                former Covered Employee shall have Account balances hereunder which
                have
                not have been distributed to him and which are distributable to him;
                

            

    

     

    
      	
               

            	
              (c)

            	
              said
                former Covered Employee shall apply to the Administrator hereunder
                for
                transfer to such other plan of assets held pursuant to this Plan
                representing his Vested Account Balances;

            

    

     

    
      	
               

            	
              (d)

            	
              the
                assets to be transferred shall not be made available to said former
                Covered Employee in the course of the transfer except to the extent
                permitted by Section 402(a)(5) of the Code; and

            

    

     

    
      	
               

            	
              (e)

            	
              the
                Administrator shall consent to such transfer;

            

    

     

    his
      Vested Account Balances shall be transferred to the trustee or custodian of
      such
      other qualified retirement plan.

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    ARTICLE
      22

     

    SPECIAL
      PROVISIONS WITH
      RESPECT TO SHARES

     

    22.1           
      Voting
      Rights.  The Trustee shall vote all Shares held in the Accounts
      of Participants, terminated Participants, Beneficiaries and Alternate Payees
      as
      directed by the said Participants, terminated Participants, Beneficiaries and
      Alternate Payees.  Shares held in Accounts for which no instructions
      are received shall be voted by the Trustee in its sole discretion.

    22.2           
      Proxy Materials,
      etc.  In order to implement the voting rights granted in this
      Article, the Company or the Trustee shall furnish each affected individual
      with
      proxy solicitation materials or other notices or an information statement which
      is distributed to the Company’s shareholders, in general, together with a form
      requesting confidential instructions as to the manner in which the Shares held
      in the individual’s Account are to be voted.  All such instructions
      shall be held in confidence and shall not be divulged to the Participating
      Employers, the Company, any subsidiary of the Participating Employers or the
      Company, any officer or Employee thereof or any other person.

    22.3           
      Tender
      Offer.  Upon commencement of a tender or exchange offer for
      Shares, the Company or the Trustee shall notify each Participant, terminated
      Participant, Beneficiary and Alternate Payee for whom an Account is maintained
      of such tender offer and utilize its best efforts to timely distribute or cause
      to be distributed to such individual such information as is distributed to
      shareholders of the Company in connection with such tender or exchange offer,
      and shall provide a means by which such individual can instruct the Trustee
      whether or not to tender or exchange the Shares credited to his
      Accounts.  The Company shall provide the Trustee with a copy of any
      materials provided to Participants, terminated Participants, Beneficiaries
      and
      Alternate Payees.

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    22.4           
      Response to Tender
      Offer.  Each Participant, terminated Participant, Beneficiary
      and Alternate Payee shall have the right to instruct the Trustee as to the
      manner in which the Trustee is to respond to the tender or exchange offer with
      respect to any or all of the Shares allocated to such individual’s
      Accounts.  The Trustee shall respond to the tender or exchange offer
      with respect to the Shares as instructed by the Participant, terminated
      Participant, Beneficiary or Alternate Payee.  All such instructions
      received by the Trustee shall be held in confidence and shall not be divulged
      to
      the Participating Employers, the Company, any subsidiary of the Participating
      Employers or the Company, any officer or Employee thereof, or any other
      person.  Shares allocated to a Participant’s, terminated
      Participant’s, Beneficiary’s or Alternate Payee’s Accounts for which the Trustee
      has received no instructions from the affected individual shall be tendered
      or
      not by the Trustee in its sole discretion.

    22.5           
      Withdrawal of Tendered
      Shares.  A Participant, terminated Participant, Beneficiary or
      Alternate Payee who has directed the Trustee to tender or exchange Shares
      allocated to such individual’s Accounts may, at any time prior to the tender or
      exchange offer withdrawal date, instruct the Trustee to withdraw, and the
      Trustee shall withdraw, such Shares from the tender or exchange offer prior
      to
      the withdrawal deadline.  The Committee or the Trustee may impose
      reasonable limits on the number of instructions to tender or exchange or
      withdraw which a Participant, terminated Participant, Beneficiary or Alternate
      Payee may give to the Trustee.

    22.6           
      Crediting of
      Proceeds.  The Trustee shall credit the proceeds received in
      exchange for tendered or exchanged Shares to the appropriate Accounts of each
      Participant, terminated Participant, Beneficiary or Alternate Payee who
      instructed the Trustee to so tender or exchange.  The Trustee shall
      exercise its best efforts to invest the proceeds, whether cash or

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    securities,
      from such tender or exchange in conformity with the requirements of Code Section
      4975.

    22.7           
      Put Option
      Rights.  In the event that Shares which are credited to a Stock
      Bonus Account are distributed to a Participant, former Participant or
      Beneficiary and such Shares are not Publicly Traded or are subject to a Trading
      Limitation, the Company shall grant to certain holders of such Shares an option
      to require the Company to purchase and redeem such Shares.  Such
      option shall be granted to such Participant, former Participant or Beneficiary
      or to any donee of such Participant, former Participant or Beneficiary or to
      any
      person (including an estate or its distributee) to whom the Shares pass by
      reason of such Participant’s, former Participant’s or Beneficiary’s
      death.  Such option shall be exercisable by notice in writing given to
      the Company prior to the later of:

    
      	
               

            	
              (a)

            	
              fifteen
                (15) months after the date on which the distribution of such Shares
                is
                made by this Plan; and 

            

    

     

    
      	
               

            	
              (b)

            	
              sixty
                (60) days after the holder of such Shares is notified of the Fair
                Market
                Value of such Shares computed as of the first day of the first Plan
                Year
                commencing more than sixty (60) days after the date of distribution
                of
                such Shares. 

            

    

     

    Such
      period of exercise shall be extended by a period of time equal to the amount
      of
      time during which any distributee of this Plan is unable to exercise the put
      option provided for herein due to the fact that the Company is prohibited from
      honoring such put option obligation by applicable law.  If necessary,
      the Company shall be required to amend its Certificate of Incorporation to
      reduce its stated capital or to make any other changes necessary to enable
      distributees to exercise the put option provided for under this
      Section.  In the event that Shares which are credited to a Stock Bonus
      Account are Publicly Traded without restriction when distributed but cease
      to be
      so traded within the period of exercise described above, the Company shall
      notify in writing, on or before the tenth (10th) day after the date the Shares
      cease to be Publicly Traded, any stockholder

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    or
      stockholders who would have been entitled to exercise the foregoing put option
      had the Shares not been Publicly Traded when distributed and shall grant to
      such
      stockholder or stockholders a put option in accordance with this Section for
      the
      remainder of the period of exercise described above.  Such notice
      shall inform such stockholder or stockholders of the terms of the put option
      extended to them and, if actually given later than the tenth (10th) day after
      the date on which the Shares ceased to be Publicly Traded, such notice shall
      provide that the put option shall be extended beyond the period of exercise
      by
      the number of days between such tenth (10th) day and the date on which notice
      is
      actually given.  If the foregoing option is not exercised within the
      exercise period and any extensions thereof, it shall lapse.

    22.8           
      Price to be Paid
      For
      Shares.  The price at which Shares shall be purchased by the
      Company pursuant to Section 22.7 hereof shall be equal to their Fair Market
      Value.  In the case of a transaction between this Plan and a
      disqualified person (as defined in Section 4975 of the Code), such price must
      be
      determined as of the date of the transaction.  For all other purposes
      under this Plan, unless expressly stated otherwise, the Fair Market Value of
      Shares which are credited to a Stock Bonus Account may be determined as of
      the
      immediately preceding Allocation Date hereunder.

    22.9           
      Put Option Payment
      Terms.  In the event any put option provided for pursuant to
      Section 22.7 hereof is exercised by a Participant, former Participant or
      Beneficiary who has received a single distribution of Shares pursuant to Section
      15.2 hereof, payment by the Company pursuant to the exercise of such option
      shall be made in substantially equal annual installments over a period of time
      beginning no later than thirty (30) days after the option is exercised and
      ending no later than five (5) years thereafter.  The balance
      outstanding at any time with respect to payment by the Company pursuant to
      the
      exercise of such option shall be

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    adequately
      secured and bear interest at the prime rate determined as of the first day
      of
      each quarter of the Plan Year but, in any event, not in excess of the maximum
      rate permitted by law.  Notwithstanding the foregoing, the Company
      may, in its discretion, elect to make such payment in a single lump sum payment
      within thirty (30) days after the date on which the option is
      exercised.

    In
      the event any put option provided
      for pursuant to Section 22.7 hereof is exercised by a Participant, former
      Participant or Beneficiary who is receiving installment distributions of Shares
      pursuant to Section 15.2 hereof, payment by the Company pursuant to the exercise
      of such option shall be made within thirty (30) days after the date on which
      the
      option is exercised.

    22.10                      
      Put Option
      Conditions.  The Company’s obligation to pay, in total or in
      part, the price for any Shares as to which a put option is exercised pursuant
      to
      this Article shall be conditioned upon:

    
      	
               

            	
              (a)

            	
              receipt
                by the Company of appropriate share certificates duly endorsed by
                the
                person exercising the put option; and

            

    

     

    
      	
               

            	
              (b)

            	
              receipt
                of appropriate assurances that the Shares tendered for purchase pursuant
                to the put option are free and clear of any liens, encumbrances or
                adverse
                claims or that such liens, encumbrances or adverse claims will be
                paid and
                satisfied forthwith as a part of such purchase transaction.
                

            

    

     

    22.11                      
      Restriction on
      Amendment or Termination of Put Option Rights.  Notwithstanding
      the provisions of Section 18.1 hereof to the contrary, the provisions of this
      Article with respect to the granting and exercise of put options shall not
      be
      amended or terminated in any way which would lessen the rights of a stockholder
      holding Shares to which the put option relates or would relate.  In
      addition, until distributed from this Plan, Shares subject

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    to
      a put
      pursuant to this Article shall not be subject to a put, call, or other option,
      or buy-sell or similar arrangement other than the put option described in
      Section 22.7 hereof.

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    ARTICLE
      23

     

    TOP-HEAVY
      PROVISIONS

     

    23.1           
      Special
      Restrictions.  During any Plan Year that this Plan is
      Top-Heavy, as determined in accordance with Section 23.2 hereof, the special
      restrictions contained in Sections 23.3 and 23.4 hereof shall
      apply.

    23.2           
      Determination of
      Top-Heavy Status.  This Plan shall be considered to be
“Top-Heavy” in any Plan Year if, as of the Determination Date for such Plan
      Year, all the Aggregation Groups of which this Plan is a member are Top-Heavy
      Groups.  In the event that in any Plan Year this Plan is a member of
      an Aggregation Group which is not a Top-Heavy Group, this Plan shall not be
      considered to be Top-Heavy for such Plan Year.

    For
      purposes of determining the
      foregoing, the following terms shall be defined as follows:

    
      	
               

            	
              (a)

            	
              “Determination
                Date” shall mean for the first Plan Year, its last day, and shall mean,
                for any other Plan Year, the last day of the preceding Plan Year;
                

            

    

     

    
      	
               

            	
              (b)

            	
              “Key
                Employee” shall mean a “key employee” as described in Section 416(i) of
                the Code which is hereby incorporated by reference and who is described
                for informational purposes herein as:

            

    

     

    
      	
               

            	
              (i)

            	
              for
                Plan Years beginning prior to January 1, 2002, any Employee, former
                Employee or Beneficiary who at any time during the Plan Year or the
                four
                (4) preceding Plan Years is: 

            

    

     

    
      	
               

            	
              (A)

            	
              an
                officer of a Participating Employer or an Affiliate having Testing
                Compensation for the Plan Year of determination greater than fifty
                percent
                (50%) of the amount specified in Section 415(b)(1)(A) of the Code
                (plus
                any increase for cost-of-living after 1997 as determined from time
                to time
                pursuant to regulations issued by the Secretary of the Treasury or
                his
                delegate pursuant to Section 415(d) of the Code);
                

            

    

     

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    
      	
               

            	
              (B)

            	
              a
                one-half of one percent (.5%) actual or constructive owner of a
                Participating Employer or any Affiliate who owns one of the ten (10)
                largest interests in the Participating Employer or any Affiliate
                and who
                is an Employee of the Participating Employer or an Affiliate having
                Testing Compensation greater than Thirty Thousand Dollars ($30,000.00)
                or,
                if greater, the amount specified in Section 415(c)(1)(A) of the Code
                (plus
                any increase for cost-of-living after 1997 as determined from time
                to time
                pursuant to regulations issued by the Secretary of the Treasury or
                his
                delegate pursuant to Section 415(d) of the Code);
                

            

    

     

    
      	
               

            	
              (C)

            	
              a
                five percent (5%) actual or constructive owner of a Participating
                Employer
                or any Affiliate; or 

            

    

     

    
      	
               

            	
              (D)

            	
              a
                one percent (1%) actual or constructive owner of a Participating
                Employer
                or any Affiliate having Testing Compensation from a Participating
                Employer
                and all Affiliates for the Plan Year of determination greater than
                One
                Hundred Fifty Thousand Dollars ($150,000.00) (plus any increase for
                cost-of-living after 1997 as determined from time to time pursuant
                to
                regulations issued by the Secretary of the Treasury or his delegate);
                

            

    

     

    provided
      that any such Employee also performed service for a Participating Employer
      or an
      Affiliate during the five (5) Plan Year period ending on the Determination
      Date;
      and provided that an amount held for the Beneficiary of a Key Employee who
      is
      deceased shall be deemed to be an amount held for a Key Employee;
      and

     

    
      	
               

            	
              (ii)

            	
              for
                Plan Years beginning on or after January 1, 2002, any Employee, former
                Employee or Beneficiary who at any time during the Plan Year is:
                

            

    

     

    
      	
               

            	
              (A)

            	
              an
                officer of a Participating Employer or an Affiliate having Testing
                Compensation for the Plan Year of determination greater than $130,000.00
                (plus any increase for cost-of-living after 2002 as determined from
                time
                to time pursuant to regulations issued by the Secretary of the Treasury
                or
                his delegate) pursuant to Section 415(d) of the Code);
                

            

    

     

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    
      	
               

            	
              (B)

            	
              a
                five percent (5%) actual or constructive owner of a Participating
                Employer
                or any Affiliate; or 

            

    

     

    
      	
               

            	
              (C)

            	
              a
                one percent (1%) actual or constructive owner of a Participating
                Employer
                or any Affiliate having Testing Compensation from a Participating
                Employer
                and all Affiliates for the Plan Year of determination greater than
                One
                Hundred Fifty Thousand Dollars ($150,000.00);

            

    

     

    provided
      that any such Employee also performed service for a Participating Employer
      or an
      Affiliate during the one (1) Plan Year period ending on the Determination Date;
      and provided that an amount held for the Beneficiary of a Key Employee who
      is
      deceased shall be deemed to be an amount held for a Key Employee;

     

    
      	
               

            	
              (c)

            	
              “Non-Key
                Employee” shall mean any Employee, former Employee or Beneficiary who is
                not a Key Employee including any Employee or Beneficiary who was
                formerly
                a Key Employee; 

            

    

     

    
      	
               

            	
              (d)

            	
              “Permissive
                Aggregation Group” shall mean the Required Aggregation Group plus one (1)
                or more other plans to which a Participating Employer or any Affiliate
                makes contributions which, when considered as a group with the Required
                Aggregation Group, would continue to comply with Sections 401(a)(4)
                and
                410 of the Code; 

            

    

     

    
      	
               

            	
              (e)

            	
              “Required
                Aggregation Group” shall mean each defined benefit plan and each defined
                contribution plan of a Participating Employer or any Affiliate in
                which a
                Key Employee is a Participant in the Plan Year containing the
                Determination Date or in any of the four (4) preceding Plan Years
                and each
                other defined benefit plan and each other defined contribution plan
                which,
                during said Plan Years, enables such plans to meet the requirements
                of
                Section 401(a)(4) or 410 of the Code, including for this purpose
                each
                defined benefit plan and each defined contribution plan of a Participating
                Employer or any Affiliate which was terminated during any of said
                Plan
                Years; 

            

    

     

    
      	
               

            	
              (f)

            	
              “Top-Heavy
                Group” shall mean any Aggregation Group if the sum, as of the
                Determination Date, of: 

            

    

     

    
      	
               

            	
              (i)

            	
              the
                aggregate value of the Account balances of Key Employees under all
                defined
                contribution plans included in such group; and

            

    

     

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    
      	
               

            	
              (ii)

            	
              the
                present value of the cumulative accrued benefits for Key Employees
                under
                all defined benefit plans included in such group;
                

            

    

     

    exceeds
      sixty percent (60%) of a similar sum determined for all Participants, former
      Participants and Beneficiaries permitted to be taken into account pursuant
      to
      Section 416(g) of the Code, with such values being determined for each plan
      as
      of the most recent Valuation Date occurring within the twelve (12) month period
      ending on the Determination Date and subject to appropriate adjustments under
      said Section 416(g) and lawful regulations issued thereunder, including the
      requirement that benefits and Accounts of a Participant be increased by:  (A) for Plan
      Years beginning before January 1, 2002, the aggregate distributions with respect
      to such Participant during the five (5) year period ending on the Determination
      Date; and (B) for Plan Years beginning on or after January 1, 2002, the
      in-service distributions with respect to such Participant during the five (5)
      year period ending on the Determination Date and all other distributions with
      respect to such Participant during the one (1) year period ending on the
      Determination Date; and

     

    
      	
               

            	
              (g)

            	
              “Valuation
                Date” shall mean: 

            

    

     

    
      	
               

            	
              (i)

            	
              in
                the case of a defined contribution plan, a date as of which Account
                balances are valued; and 

            

    

     

    
      	
               

            	
              (ii)

            	
              in
                the case of a defined benefit plan, a date as of which liabilities
                and
                assets are valued for computing plan costs for purposes of determining
                the
                plan’s minimum funding requirements under Section 412 of the Code.
                

            

    

     

    In
      making any of the aforementioned
      calculations, contributions due but unpaid as of the Determination Date shall
      be
      included in determining the value of Account balances.  In addition,
      the present value of cumulative accrued benefits shall be determined as if
      they
      accrued no more rapidly than the slowest rate of accrual permitted under the
      fractional rule of Section 411(b)(1)(C) of the Code utilizing the actuarial
      factors and assumptions set forth in the defined benefit plans included in
      the
      Aggregation Groups.  Furthermore, for purposes of making the
      aforementioned calculations with respect to defined benefit plans, proportional
      subsidies and benefits not relating to retirement benefits, such as
      pre-retirement death and disability benefits

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    and
      post
      retirement medical benefits, are to be disregarded but nonproportional subsidies
      are to be taken into account.

    23.3           
      Minimum
      Contribution.  During any Plan Year that this Plan is
      Top-Heavy, the Participating Employers shall make a minimum contribution to
      this
      Plan on behalf of each Non-Key Employee who meets all of the following
      requirements:

    
      	
               

            	
              (a)

            	
              he
                is not covered by a collective bargaining agreement;
                

            

    

     

    
      	
               

            	
              (b)

            	
              he
                is a Participant on the last day of such Plan Year or was a Participant
                whose employment terminated on or as of said date, irrespective of
                whether
                he has completed one thousand (1,000) Hours for a Participating Employer
                or an Affiliate during such Plan Year; and

            

    

     

    
      	
               

            	
              (c)

            	
              he
                is not a Participant in a defined benefit pension plan that provides
                him
                with a minimum accrued benefit (regardless of whether such accrued
                benefit
                is offset by benefits under this Plan) which satisfies the requirements
                of
                Section 416(c)(1) of the Code. 

            

    

     

    The
      minimum contribution to be made hereunder for such a Non-Key Employee shall
      be
      an amount, which includes employer matching contributions under Section 6.2
      and
      which, when added to the contributions allocable to such Non-Key Employee under
      all other defined contribution plans of a Participating Employer or any
      Affiliate shall cause such total contributions to be at least equal to the
      lesser of:

    
      	
               

            	
              (i)

            	
              three
                percent (3%) of the Non-Key Employee’s Testing Compensation during the
                Plan Year; or 

            

    

     

    
      	
               

            	
              (ii)

            	
              the
                largest percentage of Testing Compensation provided to any Key Employee
                by
                the contributions of a Participating Employer or any Affiliate for
                such
                Plan Year. 

            

    

     

    In
      determining the percentage set forth in subparagraph (ii) above, salary
      reduction amounts which are excluded from the taxable income of a Key Employee
      under Code Section 402(e)(3) shall be taken into account, but such amounts,
      together with any related matching contributions, shall not be taken into
      account with respect to Non-Key Employees in determining compliance

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    with
      this
      Section.  Any employer contributions made pursuant to this Section
      shall be credited to a Participant’s Matching Contribution Account and shall be
      subject to the applicable vesting schedule set forth in Section 2.67
      hereof.  However, employer contributions made pursuant to Section 12.5
      hereof shall not be taken into account when determining the employer
      contributions required under this Section.

    23.4           
      Code Section 415
      Limitation.  During any Plan Year ending prior to January 1,
      2000 that this Plan is Top-Heavy the limitations on annual additions and annual
      benefits under Section 415 of the Code, described in Section 20.1 hereof, shall
      be reduced as described in Section 416(h) of the Code.  The
      Participating Employers will not make the additional contributions permitted
      by
      Section 416(h)(2) of the Code to increase the limits under Section 415(e) of
      the
      Code.

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    ARTICLE
      24

     

    MISCELLANEOUS

     

    24.1           
      Exclusive
      Benefit.  This Plan has been adopted for the exclusive benefit
      of the Participants, their spouses and Beneficiaries.  No funds
      contributed to or held by the Trustee hereunder shall at any time revert to,
      or
      be used or enjoyed by the Participating Employers, nor shall any such funds
      or
      assets at any time be used other than for the benefit of the Participants,
      their
      spouses or Beneficiaries except as provided in Section 24.7
      hereof.  Nothing herein contained shall be construed as giving to any
      Employee or any other person any legal or equitable right against the
      Participating Employers or the Trustee unless such right shall exist by reason
      of the express provisions of this Plan or any action taken pursuant
      thereto.

    24.2           
      Qualified Military
      Service.  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
      Code.  In addition, loan repayments will be suspended under Article 11
      hereof as permitted under Section 414(u)(4) of the Code.

    24.3           
      Insurance
      Company.  No insurance company shall be deemed to be a party to
      this Plan for any purpose, nor shall it be responsible for the validity of
      this
      Plan.  No such company shall be required to look into the terms of
      this Plan or question any action of the Trustee or Administrator hereunder,
      nor
      be responsible to see that any action of the Trustee or Administrator is
      authorized by the terms of this Plan.  Any such insurance company
      shall be fully discharged from any and all liability for any amount paid to
      the
      Trustee or paid in accordance with the direction of the Administrator, or for
      any change made or action taken by such insurance company upon such direction,
      and no insurance company shall be obligated to see to the distribution or
      further application of any moneys so paid by it.  The certificate of
      the Administrator may be received by any insurance company as conclusive
      evidence of any of the

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    matters
      mentioned in this Plan, and each insurance company shall be fully protected
      in
      taking or permitting any action on the faith thereof and shall incur no
      liability or responsibility for doing so.

    24.4           
      Bankruptcy or
      Insolvency.  In the event a Participating Employer shall at any
      time be judicially declared bankrupt or insolvent, or in the event of its
      dissolution, merger or consolidation without any provisions being made for
      the
      continuation of this Plan with respect to its employees, the Plan created
      hereunder shall terminate with respect to such Participating Employer and the
      Trustee shall make distributions as provided in Section 18.2
      hereof.

    24.5           
      Merger, Consolidation
      or Transfer of Assets and Liabilities.  In the event this Plan
      shall merge or consolidate with, or transfer any of its assets or liabilities
      to
      any other plan, each Participant shall be entitled to receive, if this Plan
      were
      terminated immediately thereafter, a benefit which is equal to or greater than
      the benefit he would have been entitled to receive immediately before the
      merger, consolidation or transfer if this Plan had then terminated, in
      accordance with Section 414(l) of the Code and Section 208 of
      ERISA.

    24.6           
      No Employment Rights
      Created.  Neither anything contained herein, nor any
      contribution made hereunder, nor any other acts done in pursuance of this Plan,
      shall be construed as entitling any Participant to be continued in the employ
      of
      a Participating Employer or any Affiliate for any period of time nor as obliging
      the a Participating Employer or any Affiliate to keep any Participant in its
      employ for any period of time, nor shall any Employee of a Participating
      Employer or any Affiliate nor anyone else have any rights whatsoever, legal
      or
      equitable, against the Participating Employers or the Trustee as a result of
      this Plan except those expressly granted to him hereunder.

    24.7           
      Return of
      Participating Employer Contributions.  No contributions or
      payments by the Participating Employers to the Trustee of this Plan, nor any
      income of the Trust

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    Fund,
      shall in any event revert or be credited to or be used for the benefit of the
      Participating Employers, and all such contributions, payments and income shall
      be used solely and exclusively for the benefit of the Participants and their
      Beneficiaries under this Plan, except that the Trustee shall return to the
      Participating Employers upon written request of the Company:

    
      	
               

            	
              (a)

            	
              any
                contributions made by a Participating Employer by a mistake of fact,
                provided such contributions are returned to the Participating Employer
                within one (1) year after the date such contributions were made;
                

            

    

     

    
      	
               

            	
              (b)

            	
              any
                contributions made for Plan Years during which this Plan did not
                initially
                qualify under Section 401(a) of the Code, provided such contributions
                are
                returned to the Participating Employers within one (1) year after
                the date
                of denial of qualification, but only if an application for determination
                was made with the Internal Revenue Service by the time prescribed
                by law
                for filing the original sponsor’s tax return for the Taxable Year in which
                this Plan was adopted, or on such later date as the Secretary of
                the
                Treasury may prescribe; and 

            

    

     

    
      	
               

            	
              (c)

            	
              any
                contributions, to the extent that their deduction is disallowed under
                Section 404 of the Code, provided that such disallowed contributions
                are
                returned to the Participating Employers within one (1) year after
                the
                disallowance of the deduction. 

            

    

     

    In
      the event that amounts representing
      Salary Deferral Contributions are returned to the Participating Employers
      pursuant to the provisions of this Section hereof, the Participating Employers
      shall make payments to the Participants on whose behalf such Salary Deferral
      Contributions were made equal to the total of such refunded
      amounts.

    24.8           
      Spousal
      Consent.  Notwithstanding any provision of this Plan to the
      contrary, the Administrator, where required by law or where it deems appropriate
      in its sole discretion, may require spousal consent for any actions taken,
      elections made, or the exercise of any rights by a married Participant under
      this Plan.  Any consent by a spouse pursuant to this Section shall be
      made in accordance with Section 24.9 hereof.

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    24.9           
      Form of Spousal
      Consent.  If any provision of this Plan shall require the
      consent of the spouse of a Participant, such consent shall be in writing with
      the signature of the spouse notarized.  Notwithstanding any provision
      hereof to the contrary, the consent of the spouse shall not be necessary if
      it
      is established to the satisfaction of the Administrator that the signature
      of
      the spouse cannot be obtained either because the spouse cannot be located or
      because of such other circumstances as the Secretary of the Treasury may
      prescribe by lawful regulations.  Any consent given by a spouse
      pursuant to this Section shall be effective only with respect to such spouse
      and
      shall not be effective with respect to any other spouse of such
      Participant.

    24.10                      
      Receipts and
      Releases.  Any payment to any Participant, or Beneficiary, or
      to his legal representative or spouse, in accordance with the provisions of
      this
      Plan, shall to the extent thereof be in full satisfaction of all claims
      hereunder against the Administrator and the Participating Employers, any of
      whom
      may require such Participant, Beneficiary, legal representative or spouse,
      as a
      condition precedent to such payment, to execute a receipt and release therefor
      in such form as shall be determined by the Administrator or the Participating
      Employer, as the case may be.

    24.11                      
      Savings
      Clause.  If any provision of this Plan is held invalid or
      unenforceable, such invalidity or unenforceability shall not affect any other
      provisions, and this Plan shall be construed and enforced as if such provision
      had not been included.

    24.12                      
      Compliance with
      ERISA.  All provisions of this Plan shall be interpreted and
      administered in accordance with the provisions of ERISA, and Section 401(a)
      of
      the Code and any successor section or sections, in a non-discriminatory manner
      and in a manner which will assure compliance of the Plan’s operation
      therewith.  Employees and Beneficiaries of

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    Employees
      in similar circumstances shall receive uniform, consistent and
      non-discriminatory treatment hereunder.

    24.13                      
      Impossibility of
      Performance.  In the event that it becomes impossible for a
      Participating Employer, the Administrator or the Committee to perform any act
      under this Plan, that act shall be performed which, in the judgment of the
      Participating Employer, Administrator or Committee, as the case may be, will
      most nearly carry out the intent and purpose of this Plan.

    24.14                      
      Singular-Plural.  The
      singular herein shall include the plural, or vide versa, wherever the context
      so
      requires.

    24.15                      
      Gender.  Whenever
      any pronoun is used herein, it shall be construed to include the masculine
      pronoun, the feminine pronoun or the neuter pronoun as shall be
      appropriate.

    24.16                      
      Applicable
      Law.  This Plan shall be construed under and in accordance with
      the laws of the State of Ohio and of the United States of America.

    24.17                      
      Retroactive
      Amendment.  This Plan may be modified and amended
      retroactively, if necessary, to secure exemption under Section 401(a) of the
      Code.

    24.18                      
      Applicability of
      Amendments Generally and to Participants Who Terminated Employment Prior to
      the
      Amendment Date or Effective Date.  This restatement is
      generally effective January 1, 2001, but also reflects certain changes which
      apply to earlier dates.  Except as otherwise provided herein, the
      terms and provisions of this restatement, and any other amendments to this
      Plan,
      apply with respect to the operation of the Plan and all rights, obligations
      and
      transactions hereunder on and after their effective dates.  However,
      with respect to a Participant who retired, terminated employment or otherwise
      ceased to be a Covered Employee prior to the effective date of a change to
      this
      Plan, or to any person claiming benefits hereunder relating to such a
      Participant, in general:

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

     

    
      	
               

            	
              (a)

            	
              such
                change shall be applicable to such Participant or person to the extent
                such change relates to administrative procedures or the powers of
                the
                Company or Administrator, or if the Code, ERISA or other relevant
                law
                requires such change to apply to such Participants and persons; and
                

            

    

    
      
        	
                 

              	
                (b)

              	
                such
                  change shall be not be applicable to such Participant or person
                  if the
                  change relates to any other items, including but not limited to
                  an
                  increase in the benefit which would be payable to such person,
                  the vesting
                  of such benefit, or the distribution rights or options related
                  thereto.
                  

              

      

       

    

    Notwithstanding
      the foregoing, where the provisions of this Plan specify the extent to which
      any
      such change shall be effective, such provisions shall govern.

    24.19                      
      Elimination of Family
      Aggregation Rules.  Effective January 1, 1997, the family
      aggregation rules required by Sections 414(q)(6) and 401(a)(17)(A) of the Code
      which required certain Participants, the spouses of such Participants, and
      any
      lineal descendants who have not attained age nineteen (19) before the close
      of
      the Plan Year to be treated as a single Participant for purposes of applying
      the
      limitation on Compensation for a Plan Year shall not apply to the
      Plan.  On and after January 1, 1997, the spouses of such Participants
      and any lineal descendants (including those descendants who have not attained
      age nineteen (19) before the close of the Plan Year) will be treated as separate
      Participants for purposes of applying the limitation on Compensation for a
      Plan
      Year.

    

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    IN
      WITNESS WHEREOF, INVACARE
      CORPORATION. by its appropriate officers duly authorized, has caused this
      Amendment and Restatement of the Plan to be executed as of the 9th day of
      October, 2002.

     

    INVACARE
      CORPORATION

     

    (“Company”)

     

    By 
      /s/ A. Malachi Mixon, III

    ____________________________

     

    And 
      /s/ Gerald B. Blouch

    ____________________________

     

    

     

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    AMENDMENT
      NO. 1

    TO

    INVACARE
      RETIREMENT SAVINGS
      PLAN

    

    

    This
      Amendment No. 1 is executed as of
      the date set forth below by Invacare Corporation (hereinafter referred to as
      the
“Company”);

    WITNESSETH:

    WHEREAS,
      effective January 1, 1988, the
      Company established the Invacare Retirement Savings Plan (previously called
      the
      Invacare Corporation Profit Sharing Trust and Plan and hereinafter referred
      to
      as the “Plan”); and

    WHEREAS,
      the Company most recently
      amended and restated the Plan, effective as of January 1, 2001, in order to
      reflect the merger of the Invacare Corporation Employees’ Stock Bonus Trust and
      Plan into the Plan, to bring the Plan into compliance with the General Agreement
      on Tariffs and Trade, the Uniformed Services Employment and Reemployment Rights
      Act of 1994, the Small Business Job Protection Act of 1996, the Taxpayer Relief
      Act of 1997, and the Economic Growth and Tax Relief Reconciliation Act of 2001,
      and to make certain other desirable changes; and

    WHEREAS,
      the Company reserved the right
      to amend the Plan pursuant to Section 18.1 thereof; and

    WHEREAS,
      the Company desires to amend
      the Plan in order to increase the percentage of an Active Participant’s Stock
      Bonus Account that can be diversified into other investments offered to
      Participants under the terms of the Plan, to exclude from participation in
      the
      Plan certain employees employed at a non-participating Affiliate of the Company,
      and to clarify the timing of loan applications under the Plan;

    NOW,
      THEREFORE, pursuant to Section
      18.1 of the Plan, the Company hereby amends the Plan as follows:

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    (1)           
      Effective March 3, 2003, Section 2.36 of the Plan is hereby amended by the
      deletion of said Section 2.36 in its entirety and the substitution in lieu
      thereof of a new Section 2.36 to read as follows: 
      “2.36         Participating
        Employer.  The words ‘Participating Employer’ shall mean the Company
        and any Affiliate which is or shall become a Participating Employer in this
        Plan
        pursuant to Article 3 hereof.  Notwithstanding anything to the
        contrary contained herein, Garden City Medical, Inc. shall not be a
        Participating Employer under the Plan.”

    

     

        (2)           
      Effective July 1, 2003, Section 7.4 of the Plan is hereby amended by the
      deletion of said Section 7.4 in its entirety and the substitution in lieu
      thereof of a new Section 7.4 to read as follows:

    “7.4           
      Diversification
      of
      Stock Bonus Account.  Each Qualified Participant, by written
      direction to the Administrator or by such other procedures as shall be
      established by the Administrator from time to time, may direct the investment
      of
      his total Stock Bonus Account in any or all of the Investment Funds established
      hereunder; provided, however, that any such investment directions shall be
      made
      in accordance with such other rules as are established by the Administrator
      from
      time to time in its sole discretion, including rules requiring that investment
      selections be made effective as of specific investment dates and within a
      certain period of time prior to an investment date.  Any rules
      established by the Administrator pursuant to this Article 7 relating to
      Participant direction of investment shall apply to all Qualified Participants
      in
      a uniform and nondiscriminatory manner following such Qualified Participant’s
      election to direct the investment of his Stock Bonus Account.  Each
      Plan Year, an Active Participant who is not a Qualified Participant may direct
      the investment of up to the greater of (i) twenty percent (20%) of the number
      of
      Shares credited to his Stock Bonus Account as of the last

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    day
      of
      the immediately preceding Plan Year; and (ii) Shares having a Fair Market Value
      of One Hundred Dollars ($100.00) or less.  It is intended that any
      other Shares remaining credited to the Participant’s Stock Bonus Account
      continue to be fully invested in the Invacare Segregated Stock
      Fund.”

    (3)           
      Effective June 1, 2003, paragraph (b) of Section 11.3 of the Plan is hereby
      amended by the deletion of said paragraph (b) in its entirety and the
      substitution in lieu thereof of a new paragraph (b) to read as
      follows:

    
      	
               

            	
              “(b)

            	
              Loan
                Application
                Procedure.  A Borrower shall apply for a loan in such
                manner (including in writing, orally, telephonically, or electronically)
                as the Administrator may determine.  In the event that a
                Borrower repays a loan from the Plan in full, such Borrower may not
                apply
                for a new loan from the Plan earlier than fourteen (14) days following
                the
                date on which the last payment was received on the prior outstanding
                loan.” 

            

    

    

    IN
      WITNESS WHEREOF, the Company, by its
      duly authorized officers, has executed this Amendment No. 1 this day 3rd of
      March,
      2003.

    

    INVACARE
      CORPORATION

    (“Company”)

    

    By: /s/
      Diane J.
      Davie                                                               

    

    And:
      /s/ Gerald B.
      Blouch

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    AMENDMENT
      NO. 2

     

    TO

     

    INVACARE
      RETIREMENT SAVINGS
      PLAN

     

    This
      Amendment No. 2 is executed as of the date set forth below by Invacare
      Corporation (hereinafter referred to as the “Company”);

     

    WITNESSETH:

     

    WHEREAS,
      effective January 1, 1988, the Company established the Invacare Retirement
      Savings Plan (previously called the Invacare Corporation Profit Sharing Trust
      and Plan and hereinafter referred to as the “Plan”); and

     

    WHEREAS,
      the Company most recently amended and restated the Plan, effective as of January
      1, 2001, in order to reflect the merger of the Invacare Corporation Employees’
Stock Bonus Trust and Plan into the Plan, to bring the Plan into compliance
      with
      the General Agreement on Tariffs and Trade, the Uniformed Services Employment
      and Reemployment Rights Act of 1994, the Small Business Job Protection Act
      of
      1996, the Taxpayer Relief Act of 1997, and the Economic Growth and Tax Relief
      Reconciliation Act of 2001, and to make certain other desirable changes;
      and

     

    WHEREAS,
      the Company reserved the right to amend the Plan pursuant to Section 18.1
      thereof; and

     

    WHEREAS,
      the Company desires to amend the Plan in order to exclude from participation
      in
      the Plan certain employees employed at a non-participating Affiliate of the
      Company, and to clarify the timing of loan applications under the
      Plan;

     

    

     

    NOW,
      THEREFORE, pursuant to Section 18.1 of the Plan, the Company hereby amends
      the
      Plan as follows:

     

    (1)           
      Effective August 19, 2003, Section 2.36 of the Plan is hereby amended by the
      deletion of said Section 2.36 in its entirety and the substitution in lieu
      thereof of a new Section 2.36 to read as follows:

     

    “2.36                      
      Participating
      Employer.  The words ‘Participating Employer’ shall mean the
      Company and any Affiliate which is or shall become a Participating Employer
      in
      this Plan pursuant to Article 3 hereof.  Notwithstanding anything to
      the contrary contained herein, Garden City Medical, Inc. and Medbloc Inc. shall
      not be a Participating Employer under the Plan.”

     

    IN
      WITNESS WHEREOF, the Company by its duly authorized officers, has executed
      this
      Amendment No. 2 this 18th day of August, 2003.

     

    INVACARE
      CORPORATION

    (“Company”)

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    

    By: /s/
      Diane J.
      Davie

    

     

    And:  /s/
      Gerald B.
      Blouch                                                              

     

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    

    

    AMENDMENT
      NO. 3

    TO

    INVACARE
      RETIREMENT SAVINGS PLAN

    

    

    This
      Amendment No. 3 is executed as of
      the date set forth below by Invacare Corporation (the “Company”).

    WITNESSETH:

         
WHEREAS,
      effective January 1, 1988, the Company established the Invacare Retirement
      Savings Plan (f.k.a. the Invacare Corporation Profit Sharing Trust and Plan)
      (the “Plan”); and

    WHEREAS,
      the Company most recently
      amended and restated the Plan, effective as of January 1, 2001, in order to
      reflect the merger of the Invacare Corporation Employees’ Stock Bonus Trust and
      Plan into the Plan, to bring the Plan into compliance with the General Agreement
      on Tariffs and Trade, the Uniformed Services Employment and Reemployment Rights
      Act of 1994, the Small Business Job Protection Act of 1996, the Taxpayer Relief
      Act of 1997, and the Economic Growth and Tax Relief Reconciliation Act of 2001,
      and to make certain other desirable changes, and was further amended on one
      prior occasion; and

    WHEREAS,
      the Company reserved the right
      to amend the Plan pursuant to Section 18.1 thereof; and

    WHEREAS,
      the Company desires to amend
      the Plan in order to bring it into compliance with certain additional provisions
      of the Economic Growth and Tax Relief Reconciliation Act of 2001 and the final
      and temporary regulations under Section 401(a)(9) of the Code, to modify the
      definition of compensation in accordance with IRS Revenue Ruling 2002-27, to
      update the Plan’s claims procedures for compliance with Department of Labor
      regulations and other pronouncements, and to make other changes to the Plan
      that
      the Company deems necessary and desirable;

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    NOW,
      THEREFORE, pursuant to Section
      18.1 of the Plan, the Company hereby amends the Plan as follows:

    1.           
      Effective January 1, 2002, Section 2.15 of the Plan is hereby amended by the
      deletion of the first paragraph of said Section and the substitution of a new
      first paragraph to read as follows:

    “2.15                      
      Compensation.  The
      word “Compensation” generally shall mean all remuneration paid in cash to a
      Participant during a Plan Year for services rendered to a Participating
      Employer, specifically including but not limited to wages, salaries,
      commissions, overtime, bonuses, whether discretionary or non-discretionary,
      incentive pay, vacation pay, severance (salary continuation) pay, holiday pay,
      and, short-term disability pay.  Compensation shall also be increased
      for salary reduction amounts which are excluded from the taxable income of
      the
      Participant under Sections 125 (including, if applicable, any amounts not
      available to a Participant in cash in lieu of group heath coverage because
      the
      Participant is unable to certify that he or she has other health coverage),
      132(f)(4), 402(e)(3) and 402(h) of the Code.”

    2.           
      Effective January 1, 2002, Section 2.30 of the Plan is hereby amended by the
      deletion of paragraph (i) of subsection (a) of said Section and the substitution
      of a new paragraph (i) to read as follows:

    
      	
               

            	
              “(i)

            	
              a
                nonintegrated employer contribution formula of at least ten percent
                (10%)
                of a Leased Person’s Compensation, as defined in Section 2.15 hereof,
                together with amounts contributed on his behalf pursuant to a salary
                reduction agreement which are excludable from the Leased Person’s gross
                income pursuant to Code Section 125 (including, if applicable, any
                amounts not available to a Participant in cash in lieu of group heath
                coverage because the Participant is unable to certify that he or
                she has
                other health coverage), 132(f)(4), 402(e)(3), 402(h) or 403(b);”
                

            

    

     

    3.           
      Effective January 1, 2002, Section 2.58 of the Plan is hereby amended by the
      deletion of subsection (b) of said Section and the substitution of a new
      subsection (b) to read as

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    follows:

    
      	
               

            	
              “(b)

            	
              when
                used to determine the identity of Highly Compensated Employees, Testing
                Compensation shall mean Compensation adjusted to include and exclude
                certain items of remuneration as required by Section 414(q) of the
                Code,
                including adding salary reduction amounts which are excluded from
                the
                taxable income of the Participant under Sections 125 (including,
                if
                applicable, any amounts not available to a Participant in cash in
                lieu of
                group heath coverage because the Participant is unable to certify
                that he
                or she has other health coverage), 132(f)(4), 402(e)(3), 402(h) and
                403(b)
                of the Code and adjusted to exclude remuneration from a Related Employer
                which is not a Participating Employer or Affiliate; and”
                

            

    

     

    4.           
      Effective January 1, 2003, the Plan is hereby amended by the addition of a
      new
      Article 15A to read as follows:

     

    “ARTICLE
      15A

     

    REQUIRED
      MINIMUM
      DISTRIBUTIONS

     

    15A.1                      
      General
      Rules.

    
      	
               

            	
              (a)

            	
              Effective
                Date.  The provisions of this Article will apply for
                purposes of determining required minimum distributions for calendar
                years
                beginning with the 2003 calendar year.

            

    

     

    
      	
               

            	
              (b)

            	
              Precedence.  The
                requirements of this Article will take precedence over any inconsistent
                provisions of the Plan except that no provision of this Article shall
                be
                deemed to require a distribution under the Plan in a form other than
                a
                lump sum. 

            

    

     

    
      	
               

            	
              (c)

            	
              Requirements
                of
                Treasury Regulations Incorporated.  All distributions
                required under this Article will be determined and made in accordance
                with
                the Treasury regulations under Section 401(a)(9) of the Code.
                

            

    

     

    15A.2                      
      Time and Manner
      of
      Distribution.

    
      	
               

            	
              (a)

            	
              Required
                Beginning
                Date.  The Participant’s entire interest will be
                distributed, or begin to be distributed, to the Participant no later
                than
                the Participant’s required beginning date.

            

    

     

    
      	
               

            	
              (b)

            	
              Death
                of Participant
                Before Distributions Begin.  If the Participant dies
                before distributions begin, the Participant’s entire interest will be
                distributed, or begin to be distributed, no later than as follows:
                

            

    

     

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    
      	
               

            	
              (i)

            	
              If
                the Participant’s surviving spouse is the Participant’s sole designated
                Beneficiary, then, except as provided in the adoption agreement,
                distributions to the surviving spouse will begin by December 31 of
                the calendar year immediately following the calendar year in which
                the
                Participant died, or by December 31 of the calendar year in which the
                Participant would have attained age 70 1/2, if later.
                

            

    

     

    
      	
               

            	
              (ii)

            	
              If
                the Participant’s surviving spouse is not the Participant’s sole
                designated Beneficiary, then, except as otherwise provided in the
                Plan,
                distributions to the designated Beneficiary will begin by December 31
                of the calendar year immediately following the calendar year in which
                the
                Participant died. 

            

    

     

    
      	
               

            	
              (iii)

            	
              If
                there is no designated Beneficiary as of September 30 of the year
                following the year of the Participant’s death, the Participant’s entire
                interest will be distributed by December 31 of the calendar year
                containing the fifth anniversary of the Participant’s death.
                

            

    

     

    
      	
               

            	
              (iv)

            	
              If
                the Participant’s surviving spouse is the Participant’s sole designated
                Beneficiary and the surviving spouse dies after the Participant but
                before
                distributions to the surviving spouse begin, this Section 15A.2(b),
                other
                than Section 15A.2(b)(1), will apply as if the surviving spouse were
                the
                Participant. 

            

    

     

    For
      purposes of this Section 15A.2(b) and Section  15A.4, unless Section 
15A.2(b)(4) applies, distributions are considered to begin on the Participant’s
      required beginning date.  If Section 15A.2(b)(4) applies,
      distributions are considered to begin on the date distributions are required
      to
      begin to the surviving spouse under Section 15A.2(b)(1).  If
      distributions under an annuity purchased from an insurance company irrevocably
      commence to the Participant before the Participant’s required beginning date (or
      to the Participant’s surviving spouse before the date distributions are required
      to begin to the surviving spouse under Section 15A.2(b)(1)), the date
      distributions are considered to begin is the date distributions actually
      commence.

    
      	
               

            	
              (c)

            	
              Forms
                of
                Distribution.  Unless the Participant’s interest is
                distributed in the form of an annuity purchased from an insurance
                company
                or in a single sum on or before the required beginning date, as of
                the
                first distribution calendar year distributions will be made in accordance
                with Sections 15A.3 and 15A.4 of this Article.  If the
                Participant’s interest is distributed in the form of an annuity purchased
                from an insurance company, distributions thereunder
                

            

    

     

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    
      	
               

            	
              will
                be made in accordance with the requirements of Section 401(a)(9) of
                the Code and the Treasury regulations.

            

    

     

    15A.3                      
      Required Minimum
      Distributions During Participant’s Lifetime.

    
      	
               

            	
              (a)

            	
              Amount
                of Required Minimum Distribution For Each Distribution Calendar Year.
                During the Participant’s lifetime, the minimum amount that will be
                distributed for each distribution calendar year is the lesser of:
                

            

    

     

    
      	
               

            	
              (i)

            	
              the
                quotient obtained by dividing the Participant’s Account balance by the
                distribution period in the Uniform Lifetime Table set forth in
                Section 1.401(a)(9)-9 of the Treasury regulations, using the
                Participant’s age as of the Participant’s birthday in the distribution
                calendar year; or 

            

    

     

    
      	
               

            	
              (ii)

            	
              if
                the Participant’s sole designated Beneficiary for the distribution
                calendar year is the Participant’s spouse, the quotient obtained by
                dividing the Participant’s Account balance by the number in the Joint and
                Last Survivor Table set forth in Section 1.401(a)(9)-9 of the
                Treasury regulations, using the Participant’s and spouse’s attained ages
                as of the Participant’s and spouse’s birthdays in the distribution
                calendar year. 

            

    

     

    
      	
               

            	
              (b)

            	
              Lifetime
                Required
                Minimum Distributions Continue Through Year of Participant’s
                Death.  Required minimum distributions will be determined
                under this Section 15A.3 beginning with the first distribution calendar
                year and up to and including the distribution calendar year that
                includes
                the Participant’s date of death 

            

    

     

    15A.4                      
      Required Minimum
      Distributions After Participant’s Death.

    
      	
               

            	
              (a)

            	
              Death
                On or After Date Distributions Begin.

            

    

     

    
      	
               

            	
              (i)

            	
              Participant
                Survived
                by Designated Beneficiary.  If the Participant dies on or
                after the date distributions begin and there is a designated Beneficiary,
                the minimum amount that will be distributed for each distribution
                calendar
                year after the year of the Participant’s death is the quotient obtained by
                dividing the Participant’s Account balance by the longer of the remaining
                life expectancy of the Participant or the remaining life expectancy
                of the
                Participant’s designated Beneficiary, determined as follows:
                

            

    

     

    
      	
               

            	
              (A)

            	
              The
                Participant’s remaining life expectancy is calculated using the age of the
                Participant in the year of death, reduced by one for each subsequent
                year.
                

            

    

     

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    
      	
               

            	
              (B)

            	
              If
                the Participant’s surviving spouse is the Participant’s sole designated
                Beneficiary, the remaining life expectancy of the surviving spouse
                is
                calculated for each distribution calendar year after the year of
                the
                Participant’s death using the surviving spouse’s age as of the spouse’s
                birthday in that year.  For distribution calendar years after
                the year of the surviving spouse’s death, the remaining life expectancy of
                the surviving spouse is calculated using the age of the surviving
                spouse
                as of the spouse’s birthday in the calendar year of the spouse’s death,
                reduced by one for each subsequent calendar year.
                

            

    

     

    
      	
               

            	
              (C)

            	
              If
                the Participant’s surviving spouse is not the Participant’s sole
                designated Beneficiary, the designated Beneficiary’s remaining life
                expectancy is calculated using the age of the Beneficiary in the
                year
                following the year of the Participant’s death, reduced by one for each
                subsequent year. 

            

    

     

    
      	
               

            	
              (ii)

            	
              No
                Designated
                Beneficiary.  If the Participant dies on or after the
                date distributions begin and there is no designated Beneficiary as
                of
                September 30 of the year after the year of the Participant’s death,
                the minimum amount that will be distributed for each distribution
                calendar
                year after the year of the Participant’s death is the quotient obtained by
                dividing the Participant’s Account balance by the Participant’s remaining
                life expectancy calculated using the age of the Participant in the
                year of
                death, reduced by one for each subsequent year.

            

    

     

    
      	
               

            	
              (b)

            	
              Death
                Before Date
                Distributions Begin. 

            

    

     

    
      	
               

            	
              (i)

            	
              Participant
                Survived
                by Designated Beneficiary.  Except as otherwise provided
                in the Plan, if the Participant dies before the date distributions
                begin
                and there is a designated Beneficiary, the minimum amount that will
                be
                distributed for each distribution calendar year after the year of
                the
                Participant’s death is the quotient obtained by dividing the Participant’s
                Account balance by the remaining life expectancy of the Participant’s
                designated Beneficiary, determined as provided in Section 15A.4(a).
                

            

    

     

    
      	
               

            	
              (ii)

            	
              No
                Designated
                Beneficiary.  If the Participant dies before the date
                distributions begin and there is no designated Beneficiary as of
                September 30 of the year following the year of the Participant’s
                death, distribution of the 

            

    

     

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    
      	
               

            	
              Participant’s
                entire interest will be completed by December 31 of the calendar year
                containing the fifth anniversary of the Participant’s death.
                

            

    

     

    
      	
               

            	
              (iii)

            	
              Death
                of Surviving
                Spouse Before Distributions to Surviving Spouse Are Required to
                Begin.  If the Participant dies before the date
                distributions begin, the Participant’s surviving spouse is the
                Participant’s sole designated Beneficiary, and the surviving spouse dies
                before distributions are required to begin to the surviving spouse
                under
                Section 15A.2(b)(1), this Section 15A.4(b) will apply as if the surviving
                spouse were the Participant. 

            

    

     

    15A.5                      
      Definitions.

    
      	
               

            	
              (a)

            	
              Designated
                Beneficiary.  The individual who is designated as the
                Beneficiary under Section 2.10 of the Plan and is the designated
                Beneficiary under Section 401(a)(9) of the Internal Revenue Code and
                Section 1.401(a)(9)-1, Q&A-4, of the Treasury regulations.
                

            

    

     

    
      	
               

            	
              (b)

            	
              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
                under Section  15A.2(b).  The required minimum distribution
                for the Participant’s first distribution calendar year will be made on or
                before the Participant’s required beginning date.  The required
                minimum distribution for other distribution calendar years, including
                the
                required minimum distribution for the distribution calendar year
                in which
                the Participant’s required beginning date occurs, will be made on or
                before December 31 of that distribution calendar year.
                

            

    

     

    
      	
               

            	
              (c)

            	
              Life
                Expectancy.  Life expectancy as computed by use of the
                Single Life Table in Section 1.401(a)(9)-9 of the Treasury
                regulations. 

            

    

     

    
      	
               

            	
              (d)

            	
              Participant’s
                Account
                Balance.  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 made and allocated or forfeitures allocated to the
                Account
                balance as of dates in the valuation calendar year after the valuation
                date and decreased by distributions made in the valuation calendar
                year
                after the valuation date.  The Account balance for the valuation
                calendar 

            

    

     

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    
      	
               

            	
              year
                includes any amounts rolled over or transferred to the Plan either
                in the
                valuation calendar year or in the distribution calendar year if
                distributed or transferred in the valuation calendar year.
                

            

    

     

    
      	
               

            	
              (e)

            	
              Required
                Beginning
                Date.  The date specified in Section 15.7 of the Plan.”
                

            

    

     

    5.           
      Effective January 1, 2002, Article 16 of the Plan is hereby amended by the
      deletion of said Article in its entirety and the substitution of a new Article
      16 to read as follows:

     

    “ARTICLE
      16

     

    ADMINISTRATION

     

    24.1           
      The
      Administrator.  The Board of Directors shall appoint the
      Administrator which shall be any person(s), corporation or partnership,
      (including the Company itself) as the Board of Directors shall deem desirable
      in
      its sole discretion.  As of the Restatement Date, the Administrator
      shall be the Company.  The Company, in its capacity as Administrator,
      shall have the power to delegate to agents or delegates, the right to exercise
      any powers given to the Administrator hereunder or under law and/or the
      obligation to carry out any or all of its duties as
      Administrator.  Any reference contained in the Plan to the
      Administrator shall be deemed to apply also to an agent or delegate, if the
      Company shall have delegated such duty or power to the agent or
      delegate.

    The
      Administrator may be removed or
      resign upon thirty (30) days’ written notice or such period of notice as is
      mutually agreeable.  The Company shall notify the Trustee of the
      identity of the Administrator and of any change therein.

    24.2           
      Powers and Duties
      of
      the Administrator.  Except as expressly set forth herein with
      respect to the duties and responsibilities of the Trustee, the Participating
      Employers or the Committee, the investment manager or the Company, the
      Administrator shall administer this Plan and shall have all powers and duties
      granted or imposed on an “administrator” by ERISA.  The Administrator
      shall determine any and all questions of fact, resolve all questions
      of

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    interpretation
      of this instrument and related documents which may arise under any of the
      provisions of this Plan as to which no other provision for determination is
      made
      hereunder, and exercise all other powers and discretions necessary to be
      exercised under the terms of this Plan which it is herein given or for which
      no
      contrary provision is made.  Subject to the provisions of Section 16.9
      hereof, the Administrator’s decision with respect to any matter shall be final
      and binding upon Participants, former Participants, Beneficiaries, the Trustee
      and all other parties concerned, and neither the Administrator nor any of its
      directors, officers or Employees, if applicable, shall be liable in that regard
      except for gross abuse of the discretion given it and them under the terms
      of
      this Plan.  The determinations of the Administrator shall be
      nondiscriminatory and shall be made in a reasonably uniform and consistent
      manner with respect to all Participants, former Participants and Beneficiaries
      in similar circumstances.  The Administrator, from time to time, may
      designate one or more persons or agents to carry out any or all of its duties
      hereunder.

    24.3           
      Engagement of
      Advisors.  The Administrator may engage actuaries, attorneys,
      accountants, brokers, employee benefit consultants, and other specialists to
      render advice concerning any responsibility the Administrator has under this
      Plan.  Such persons may also be advisors to any Participating Employer
      or Related Employer.  The fees and expenses incurred in engaging such
      advisors shall be paid as provided in Section 16.11 hereof.

    24.4           
      Establishment of
      Administrative Committee.  The Board of Directors or the
      appropriate officers of the Company shall appoint the members of an
      Administrative Committee which shall consist of two (2) or more
      members.  The fact that a person is a Participant, a former
      Participant or a prospective Participant shall not disqualify him from acting
      as
      a member of the Committee.  The members of the Committee shall remain
      in office at the will of the Board of Directors or the Company, and the Board
      of
      Directors or the Company, from

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    time
      to
      time, may remove any of said members with or without cause.  A member
      of the Committee may resign upon written notice to the Board of Directors or
      appropriate officer of the Company.  In case of the death, resignation
      or removal of any member of the Committee, the remaining members shall act
      until
      a successor-member shall be appointed.  Upon request by the
      Administrator or Trustee, the Company shall notify the Administrator or Trustee,
      respectively, in writing of the names of the members of the Administrative
      Committee, of any and all changes in the membership of the Administrative
      Committee, of the member designated as Chairman and the member designated as
      Secretary, and of any changes in either office.  Until notified of a
      change, the Administrator and Trustee shall be protected in assuming that there
      has been no change in the membership of the Administrative Committee since
      the
      last notification was filed with it.  The Administrator and Trustee
      shall be under no obligation at any time to inquire into the membership of
      the
      Committee or its officers.  All communications to the Committee shall
      be addressed to its Secretary at the address of the Company.

    24.5           
      Operations and Powers
      of the Committee.  The Committee may act on a matter of
      day-to-day administration of the Plan by decision of any two (2) or more of
      its
      members.  On all matters relating to claims review, the decision of a
      majority of the members of the Committee shall govern and control, but a meeting
      need not be called or held to make any decision.  Meetings may be held
      in person or by electronic means.  In lieu of a meeting, decisions may
      be made by written consent of a majority of the members.  The
      Committee shall appoint one of its members to act as its Chairman and another
      member to act as Secretary.  The terms of office of these members
      shall be determined by the Committee, and the Secretary and/or Chairman may
      be
      removed by the other members of the Committee for any reason which such other
      members may deem just and proper.  The Secretary shall do all things
      directed by the Committee.  Although the Committee shall act by
      decision of a majority of its members as above

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    provided,
      nevertheless in the absence of written notice to the contrary, every person
      may
      deal with the Secretary and consider his acts as having been authorized by
      the
      Committee.  Any notice served or demand made on the Secretary shall be
      deemed to have been served or made upon the Committee.

                          
      No member of the Committee shall be disqualified from acting on any question
      because of his interest therein, except that no member of the Committee may
      act
      on any claims which such member as brought as a Participant, former Participant
      or Beneficiary under this Plan. No fee or compensation shall be paid to any
      member of the Committee for his services as such, but the Committee shall be
      reimbursed for its expenses from the Trust Fund, unless such expenses are paid
      by the Participating Employers. The Committee and the Administrator may hire
      such attorneys, accountants, agents, clerks, recordkeepers and secretaries
      as
      they deem desirable in the performance of their functions, and the expense
      associated with the hiring or retention of any such person or persons shall
      be
      paid as provided in Section 16.11 hereof.

    In
      addition to the powers specifically
      granted to the Committee elsewhere in this Article, the Committee shall have
      full administrative power to carry out its responsibilities under this
      Plan.  Without limiting the generality of the foregoing, the Committee
      shall have full power to determine all administrative matters concerning the
      handling of appeals including the holding of hearings and all rules attendant
      thereto, and all of its decisions on such matters shall be final and not
      appealable.  However, the Committee shall exercise its power with
      relative uniformity and in a nondiscriminatory manner in conformity with Section
      503 of ERISA.

    24.6           
      Claims for
      Benefits.  Claims for benefits shall be made by application of
      the Participant, former Participant or Beneficiary (the “claimant”) in such
      manner as the Administrator shall reasonably prescribe.  Such claim
      may be made by the claimant or by an authorized representative described in
      and
      subject to the rules contained in Section 16.7 hereof.

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    The
      Administrator shall process each such claim and determine entitlement to
      benefits within ninety (90) days of its receipt of a completed application
      for
      benefits unless special circumstances require an extension of time for
      processing the claim.  If such special circumstances exist, the
      Administrator may obtain a ninety (90) day extension of the time for processing
      the claim by providing the claimant written notice of the extension within
      the
      initial ninety (90) day period.  The extension notice must include an
      explanation of the special circumstances and the date by which the Administrator
      expects to render a final decision.

    The
      Administrator shall notify a
      claimant in writing, delivered in person or mailed by first class mail to such
      claimant’s last known address, if any part of a claim for benefits under this
      has been denied, setting forth in such notice:

    
      	
               

            	
              (a)

            	
              the
                specific reason for the denial; 

            

    

     

    
      	
               

            	
              (b)

            	
              a
                specific reference to pertinent provisions of the Plan or related
                documents upon which the denial is based;

            

    

     

    
      	
               

            	
              (c)

            	
              a
                description of any additional material or information deemed necessary
                by
                the Administrator for such claimant to perfect his claim, and an
                explanation of why such material or information is necessary; and
                

            

    

     

    
      	
               

            	
              (d)

            	
              an
                explanation of the claim review procedure under the Plan, including
                applicable time limits and the claimant’s right to bring a civil action
                under Section 502(a) of ERISA following an adverse benefit determination
                on appeal. 

            

    

     

    Such
      notice shall set forth the above information in a manner calculated to be
      understood by such claimant.  If the notice referred to above is not
      furnished and if the claim has not been granted within the time specified above
      for determination of such claim, the claim shall be deemed denied and shall
      be
      subject to review as set forth below.  The interpretations,
      determinations, and decisions of the Administrator shall be final and binding
      upon all persons with respect to any right, benefit and privilege hereunder,
      subject to the review procedures hereinafter set forth.

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    24.7           
      Authorized
      Representative.  The claimant may designate any authorized
      representative to act on his behalf in pursuing a benefit claim or appeal of
      an
      adverse benefit determination.  The Administrator and Committee may
      demand reasonable evidence that the representative has been duly authorized
      by
      the claimant, including evidence as to the scope of the representation and
      whether notices due the claimant under these claims procedures are to be given
      to the claimant, the representative or both.  Depending on the extent
      of authorization given to the representative hereunder, references to the
      claimant in these claims procedures may be deemed to refer to or include the
      authorized representative.

    24.8           
      Request for Review
      of
      a Denial of a Claim for Benefits.  Any claimant whose claim for
      benefits has been denied or deemed denied, in whole or in part, by the
      Administrator, shall have sixty (60) days from the date the claim is deemed
      denied, or sixty (60) days from receipt of the notice denying the claim, as
      the
      case may be, in which to request a review by written application delivered
      to
      the Committee.  Such written application must specify the relief
      requested and the reason such claimant believes the denial should be
      reversed.

    24.9           
      Review
      Procedure.  The Committee is hereby authorized to review the
      facts and relevant documents, including this Plan, to interpret this Plan and
      other relevant documents and to render a decision on the appeal of the
      claimant.  Such review may be made by written briefs submitted by the
      claimant and the Administrator or at a hearing, or by both, as shall be deemed
      necessary by the Committee.  If no hearing is to be held, the claimant
      and the Administrator shall have thirty (30) days following the filing of the
      request for review to submit written comments, documents, records and other
      information relating to the claim.  During this period, the claimant
      shall be provided, on request and free of charge, reasonable access to, and
      copies of, all documentation, records, and other information relevant to the
      claimant’s claim for benefits.  Whether a document, record or other
      information is relevant to a claim for benefits

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    shall
      be
      determined pursuant to Section 503 of ERISA.  The claimant and the
      Administrator may submit additional comments, etc., after the close of the
      thirty (30) day period only at the request or with the consent of the
      Committee.

    Alternatively,
      upon receipt of a
      request for review, the Committee may schedule a hearing to be held (subject
      to
      reasonable scheduling conflicts) not more than forty-five (45) days from the
      receipt of such request.  The date and time of such hearing shall be
      designated by the Committee upon not less than fifteen (15) days’ notice to the
      claimant and the Administrator unless both of them accept shorter
      notice.  The notice shall specify that such claimant must indicate in
      writing, at least five (5) days in advance of the time established for such
      hearing, his intention to appear at the appointed time and place, or the hearing
      will automatically be canceled.  The reply shall specify any other
      persons who will accompany him to the hearing, or appear in his place, or such
      other persons will not be admitted to the hearing.  The Committee may
      limit attendance at the hearing.  The Committee shall make every
      effort to schedule the hearing on a day and at a time which is convenient to
      both the claimant and the Administrator.  The hearing will be
      scheduled at the Company’s headquarters unless the Committee determines that
      another location would be more appropriate.  The claimant shall be
      provided, on request and free of charge, reasonable access to, and copies of,
      all documents, records, and other information relevant to the claimant’s claim
      for benefits in preparation for the hearing.  Whether a document,
      record or other information is relevant to a claim for benefits shall be
      determined pursuant to Section 503 of ERISA.  The claimant and the
      Administrator may submit written comments, documents, records and other
      information relating to the claim prior to or at the hearing.  The
      claimant and the Administrator may submit additional comments, etc., after
      the
      hearing only at the request or with the consent of the Committee.

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    24.10                      
      Decision upon Review
      of Denial of Claim for Benefits.  After the review has been
      completed, the Committee shall render a decision in writing, a copy of which
      shall be sent to both the claimant and the Administrator.  In making
      its decision, the Committee shall have full power, authority, and discretion
      to
      determine any and all questions of fact, resolve all questions of interpretation
      of this instrument or related documents which may arise under any of the
      provisions of this Plan or such documents as to which no other provision for
      determination is made hereunder, and exercise all other powers and discretions
      necessary to be exercised under the terms of this Plan or related documents
      which it is herein given or for which no contrary provision is made and to
      determine the right to benefits of, and the amount of benefits, if any, payable
      to, any person in accordance with the provisions of this
      Plan.  Further, in making its decision, the Committee shall take into
      account all comments, documents, records, and other information submitted by
      the
      claimant relating to the claim, without regard to whether such information
      was
      submitted or considered in the initial benefit determination.  Subject
      to extension by agreement of the claimant and the Administrator or where due
      to
      delay beyond the control of the Administrator or the Committee, the Committee
      shall render a decision on the claim review not more than sixty (60) days after
      the receipt of the claimant’s request for review, unless a hearing is scheduled,
      in which case the sixty (60) day period shall be extended to thirty (30) days
      after the date scheduled for the hearing.  If special circumstances
      exist, the Committee may obtain a sixty (60) day extension by providing the
      claimant written notice of the extension within the initial sixty (60) day
      period (if there is no hearing) or within the initial thirty (30) day period
      following a hearing.  The extension notice must include an explanation
      of the special circumstances and the date by which the Committee expects to
      render a final decision.  Such decision shall be written in a manner
      calculated to be understood by the claimant, and shall:

    
      	
               

            	
              (a)

            	
              set
                forth the specific reason or reasons for any adverse determination;
                

            

    

     

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    
      	
               

            	
              (b)

            	
              contain
                specific references to the provisions of the Plan and/or related
                documents
                on which the benefit determination was based; and
                

            

    

     

    
      	
               

            	
              (c)

            	
              contain
                a statement that the claimant is entitled to receive, upon request
                and
                free of charge, reasonable access to, and copies of, all documents,
                records, and other information relevant to the claimant’s claim for
                benefits.  Whether a document, record or other information is
                relevant to a claim for benefits shall be determined pursuant to
                Section
                503 of ERISA. 

            

    

     

    The
      decision on review shall be furnished to the claimant within the appropriate
      time described above.  If the decision on review is not furnished
      within such time, the claim shall be deemed denied on review at the end of
      such
      period.  There shall be no further appeal from a decision rendered by
      the Committee.  The decision of the Committee shall be final and
      binding in all respects on the Administrator, the Participating Employers,
      the
      Trustee, the claimant and all other persons.

    24.11                      
      Payment of Costs
      and
      Expenses.  The expenses of administration of this Plan incurred
      by the Committee, the Administrator or the Trustee shall be paid in any one
      of
      the following manners as determined by the Company in its sole
      discretion:

    
      	
               

            	
              (a)

            	
              out
                of the Trust Fund; 

            

    

     

    
      	
               

            	
              (b)

            	
              out
                of individual Participants’ Accounts, if such fees directly relate to such
                Participants Account activities; 

            

    

     

    
      	
               

            	
              (c)

            	
              out
                of the annual contributions of the Participating Employers, if any;
                or
                

            

    

     

    
      	
               

            	
              (d)

            	
              directly
                by the Participating Employers. 

            

    

     

    The
      costs
      and expenses of administration of the Plan shall include, without limitation,
      (i) Trustee’s fees as such may from time to time be agreed upon between the
      Company and the Trustee, (ii) the costs of processing contributions,
      investments, accounts, loans, distributions and claims, including the cost
      of
      any equipment or other property used in connection therewith, (iii) the
      cost of preparing, distributing and filing any governmental submissions,
      filings, reports

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    or
      returns with respect to the Plan and any summary plan descriptions and other
      notices, reports, election forms or Account statements, (iv) the costs of
      any amendments necessary or desirable to maintain the Plan in compliance with
      any applicable laws or to reflect Plan operation, (v) the cost of any
      attorneys, accountants, actuaries, agents, clerks, secretaries, or third-party
      administrators or service providers hired or utilized by the Plan or by the
      Administrator or Committee in connection with the performance of their functions
      hereunder, or by the Company in connection with the administration of the Plan,
      and (vi) any other costs and expenses relating to plan
      administration.

    24.12                      
      Exhaustion of Review
      Procedures; Statute of Limitations.  The interpretations,
      determinations and decisions of the Administrator and the Committee shall,
      except to the extent provided in Section 16.9 hereof, be final and binding
      upon
      all persons with respect to any right, benefit and privilege
      hereunder.  Except as otherwise provided in ERISA, the review
      procedures of said Section 16.9 shall be the sole and exclusive remedy and
      shall
      be in lieu of all actions at law, in equity, pursuant to arbitration or
      otherwise.  In any event, a Participant, former Participant or
      Beneficiary must exhaust the review procedures of Section 16.9 hereof prior
      to
      the commencement of any such action.  For claims incurred on or after
      the Restatement Date, no legal action may be commenced against the Plan, the
      Administrator or the Committee more than one hundred eighty (180) days after
      the
      Committee’s final decision has been rendered, in accordance with Section 16.9,
      with respect to all or any portion of the claim.

    24.13                      
      Delegated Duties
      and
      Responsibilities.  The Participating Employers, Administrator,
      Committee, Board of Directors, Trustee and their respective officers, members,
      Employees and agents shall have no duty or responsibility under this Plan other
      than the duties and responsibilities expressly assigned to them herein or
      delegated to them pursuant hereto or the Trust Agreement.  None of
      them shall have any duty or responsibility with respect to the
      duties

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    or
      responsibilities assigned or delegated to another of them.  In no
      event shall the Participating Employers, Administrator, Committee, Board of
      Directors or their respective officers, members, Employees and agents be deemed
      to have any duty or responsibility with respect to the holding, safekeeping,
      investment, reinvestment and administration of the Trust Fund.

    24.14                      
      Limitation of
      Liability and Indemnification.  Except as otherwise provided in
      ERISA, the Administrator, Committee, Board of Directors, and their respective
      officers and members shall incur no personal liability of any nature whatsoever
      in connection with any act done or omitted to be done in the administration
      of
      this Plan.  The Participating Employers shall indemnify, defend, and
      hold harmless the Administrator, Committee, Board of Directors, and their
      respective officers, Employees, members and agents, for all acts taken or
      omitted in carrying out their responsibilities under the terms of this Plan
      or
      other responsibilities imposed upon such persons by ERISA.  This
      indemnification for all acts or omissions is intentionally broad, but shall
      not
      provide indemnification for embezzlement or diversion of Trust funds for the
      benefit of any such persons, nor shall it provide indemnification for excise
      taxes imposed under Section 4975 of the Code.  The Participating
      Employers shall indemnify such persons for expenses of defending an action
      by a
      Participant, former Participant, Beneficiary, government entity, or other
      persons, including all legal fees and other costs of such
      defense.  The Participating Employers will also reimburse such a
      person for any monetary recovery in a successful action against such person
      in
      any federal or state court or arbitration.  In addition, if the claim
      is settled out of court with the concurrence of the Company, the Participating
      Employers shall indemnify such person for any monetary liability under said
      settlement.”

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    IN
      WITNESS WHEREOF, Invacare
      Corporation, by its proper officer, has caused this Amendment No. 3 to be
      executed as of the 30th day of December, 2003.

    INVACARE
      CORPORATION

    

    By: /s/
      Diane J.
      Davie           

    

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    AMENDMENT
      NO. 4

    TO

    INVACARE
      RETIREMENT SAVINGS PLAN

    

    

    This
      Amendment No. 4 is executed as of
      the date set forth below by Invacare Corporation (the “Company”).

    WITNESSETH:

    WHEREAS,
      the Company maintains the
      Invacare Retirement Savings Plan (the “Plan”) to provide retirement benefits for
      certain employees of Participating Companies; and

    WHEREAS,
      the Company most recently
      amended and restated the Plan, effective January 1, 2001, in order to bring
      the
      Plan into compliance with the General Agreement on Tariffs and Trade, the
      Uniformed Services Employment and Reemployment Rights Act of 1994, the Small
      Business Job Protection Act of 1996, the Taxpayer Relief Act of 1997, and the
      Economic Growth and Tax Relief Reconciliation Act of 2001 and to reflect the
      merger of the Invacare Corporation Employees’ Stock Bonus Trust and Plan into
      the Plan; and

    WHEREAS,
      pursuant to Section 18.1 of
      the Plan, the Company has retained the right to make amendments thereto;
      and

    WHEREAS,
      the Company desires to amend
      the Plan in order to permit participants to make catch-up contributions to
      the
      Plan in accordance with Section 414(u) of the Code, to increase the maximum
      salary deferral contributions that can be made to the Plan by employees, and
      to
      revise the investment provisions of the Plan to expand the group of participants
      subject to trading restrictions in the Invacare Stock Fund;

    NOW,
      THEREFORE, pursuant to Section
      18.1 of the Plan, the Company hereby amends the Plan, effective as of April
      1,
      2004, as follows:

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    1.           
      Section 5.1 of Article 5 of the Plan is hereby amended by the deletion of said
      Section 5.1 in its entirety and the substitution in lieu thereof of a new
      Section 5.1 to read as follows:

    “5.1           
      Election and Amount
      of
      Salary Deferral Contributions.  Pursuant to uniform rules and
      procedures prescribed by the Administrator, an Active Participant may elect
      that
      a portion of his unpaid Compensation for a Plan Year be paid by a Participating
      Employer to the Trustee hereunder as a Salary Deferral Contribution and be
      treated as a contribution by the Participating Employer.  An Active
      Participant who does not elect to make Salary Deferral Contributions pursuant
      to
      the preceding sentence shall be deemed to have elected to contribute zero
      percent (0%).  Any election by a Participant to contribute more than
      zero percent (0%) of his unpaid Compensation pursuant to this Section shall
      be
      expressed in one percent (1%) increments of his Compensation for a payroll
      period.  The Administrator may, from time to time, establish maximum
      percentage limits on the amount of Salary Deferral Contributions that
      Participants can make under this Plan and may establish maximum percentage
      limits which apply solely to Highly Compensated Employees.  Until
      changed by the Administrator pursuant to this Section, the maximum percentage
      of
      an Active Participant’s Compensation (minus any salary reduction amounts which
      are excluded from the taxable income of the Participant under Section 125 of
      the
      Code) for a payroll period that is subject to election pursuant to this Section
      shall be fifty percent (50%).

    Pursuant
      to uniform rules and procedures prescribed by the Administrator, an Active
      Participant who is eligible to make Salary Deferral Contributions under this
      Plan and who has attained or will attain age fifty (50) before the close of
      the
      Plan Year may make additional catch-up Salary Deferral Contributions in
      accordance with, and subject to the limitations of, Section 414(v) of the
      Code.  Any such catch-up Salary Deferral

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    Contributions
      shall be credited to the Active Participant’s Salary Deferral
      Account.  The Participating Employers shall make matching
      contributions to the Plan on behalf of each Active Participant for whom catch-up
      Salary Deferral Contributions are made to the Plan pursuant to this Section
      5.1,
      at the time and at the rate set forth in said Section 6.2 with respect to
      regular Salary Deferral Contributions.  Catch-up Salary Deferral
      Contributions shall not be taken into account for purposes of the provisions
      of
      this Plan implementing the required limitations of Sections 402(g) and 415
      of
      the Code.  This Plan shall not be treated as failing to satisfy the
      provisions of the Plan implementing the requirements of Section 401(k)(3),
      401(k)(11), 401(k)(12), 410(b) or 416 of the Code, as applicable, by reason
      of
      the making of such catch-up Salary Deferral Contributions.”

    2.           
      Section 7.10 of Article 7 of the Plan is hereby amended by the deletion of
      said
      Section 7.1 in its entirety and the substitution in lieu thereof of a new
      Section 7.10 to read as follows:

    “7.10                      
      Restrictions on
      Insider Trading.  Notwithstanding the foregoing provisions of
      this Article 7, the Administrator in its sole discretion shall have the
      authority to place such restrictions upon the investment directions into and
      out
      of the Invacare Stock Fund of any person subject to the Company’s Insider
      Trading Policy (as such Policy may be in effect from time to time
      hereafter).  As of the date hereof, such restrictions include the
      following:  Participants subject to the Insider Trading Policy may
      trade in Company stock under the Plan only during the period beginning after
      the
      second full trading day following the Company’s widespread public release of
      quarterly or year-end earnings, as applicable, and ending at the close of
      trading on the date that is three weeks (21 days) before the end of the next
      fiscal quarter, unless pursuant to the procedures of the Insider Trading Policy,
      a blackout window has been imposed during the normal trading
      window.

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    In
      addition, even during a trading window as described in the preceding sentence,
      any Participant who is in possession of material, nonpublic information
      concerning the Company may not submit an investment direction relating to the
      Invacare Stock Fund until after the second full trading day following the
      Company’s widespread release of such information.”

    IN
      WITNESS WHEREOF, Invacare
      Corporation, by its proper officer, has caused this Amendment No. 4 to be
      executed as of the 6th day of April, 2004.

    

    INVACARE
      CORPORATION

    

    

    By: /s/ Gregory
      C.
      Thompson

    

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    

    

    AMENDMENT
      NO. 5

    TO

    INVACARE
      RETIREMENT SAVINGS PLAN

    

    

    This
      Amendment No. 5 is executed as of
      the date set forth below by Invacare Corporation (the “Company”).

    WITNESSETH:

         
WHEREAS,
      effective January 1, 1988, the Company established the Invacare Retirement
      Savings Plan (f.k.a. the Invacare Corporation Profit Sharing Trust and Plan)
      (the “Plan”); and

    WHEREAS,
      the Company most recently
      amended and restated the Plan, effective as of January 1, 2001, in order to
      reflect the merger of the Invacare Corporation Employees’ Stock Bonus Trust and
      Plan into the Plan, to bring the Plan into compliance with the General Agreement
      on Tariffs and Trade, the Uniformed Services Employment and Reemployment Rights
      Act of 1994, the Small Business Job Protection Act of 1996, the Taxpayer Relief
      Act of 1997, and the Economic Growth and Tax Relief Reconciliation Act of 2001,
      and to make certain other desirable changes, and the Plan was further amended
      on
      four prior occasions; and

    WHEREAS,
      the Company reserved the right
      to amend the Plan pursuant to Section 18.1 thereof; and

    WHEREAS,
      the Company desires to amend
      the Plan in order to reduce the mandatory cash-out threshold from Five Thousand
      Dollars ($5,000.00) to One Thousand Dollars ($1,000.00);

    NOW,
      THEREFORE, pursuant to Section
      18.1 of the Plan, effective March 28, 2005, Section 15.6 of the Plan is hereby
      amended by the deletion of said Section 15.6 in its entirety and the
      substitution in lieu thereof of a new Section 15.6 to read as
      follows:

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    “15.6
      Cash-Out of Small
      Account Balances.  In the event that the value of a retired,
      terminated or deceased Participant’s distributable Account balances does not
      exceed One Thousand Dollars ($1,000.00) at the time of distribution, or at
      any
      time thereafter, the Administrator shall direct the Trustee to distribute such
      distributable Account balances in a single lump sum payment without the consent
      of the Participant, his spouse or his Beneficiary; provided, however, that
      the
      Trustee shall not make any such single lump sum payment after the date a
      Participant’s distribution has commenced unless the Participant and his spouse,
      if any, or in the case of a payment to the surviving spouse of a deceased
      Participant, the spouse, consent to the single lump sum payment in writing
      and
      provided further that any such lump sum payment shall be made in accordance
      with
      the provisions of Section 15.11 hereof.  Unless such a Participant or
      Beneficiary elects to receive a distribution which includes whole Shares, the
      Trustee shall sell any Shares or other assets credited to his distributable
      Accounts as of the date distribution is to be made and distribute the amount
      of
      his distributable Account balances in a single lump sum payment of
      cash.  Any such single lump sum payment shall be in full settlement of
      such Participant’s, spouse’s or Beneficiary’s rights under this
      Plan.”

    IN
      WITNESS WHEREOF, Invacare
      Corporation, by its proper officer, has caused this Amendment No. 5 to be
      executed as of the 5th day of April, 2005.

    INVACARE
      CORPORATION

    

    By: /s/ Joseph
      Usaj          

    

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    AMENDMENT
      NO. 6

    TO

    INVACARE
      RETIREMENT SAVINGS
      PLAN

    

    

    This
      Amendment No. 6 is executed as of
      the date set forth below by Invacare Corporation (hereinafter referred to as
      the
“Company”);

    WITNESSETH:

    WHEREAS,
      effective January 1, 1988, the
      Company established the Invacare Retirement Savings Plan (previously called
      the
      Invacare Corporation Profit Sharing Trust and Plan and hereinafter referred
      to
      as the “Plan”); and

    WHEREAS,
      the Company most recently
      amended and restated the Plan, effective as of January 1, 2001, in order to
      reflect the merger of the Invacare Corporation Employees’ Stock Bonus Trust and
      Plan into the Plan, to bring the Plan into compliance with the General Agreement
      on Tariffs and Trade, the Uniformed Services Employment and Reemployment Rights
      Act of 1994, the Small Business Job Protection Act of 1996, the Taxpayer Relief
      Act of 1997, and the Economic Growth and Tax Reconciliation Act of 2001, and
      to
      make certain other desirable changes; and

    WHEREAS,
      the Company reserved the right
      to amend the Plan pursuant to Section 18.1 thereof; and

    WHEREAS,
      the Company desires to amend
      the Plan in order to add certain Affiliates as Participating Employers under
      the
      Plan, to include automatic enrollment procedures in the Plan, to provide for
      discretionary profit sharing contributions, to modify the loan default
      provisions of the Plan, to increase the percentage of the Stock Bonus Account
      which may be diversified by Participants on an annual basis, to adopt new
      Supplemental Agreements relating to certain Participants employed by MedBloc
      Inc. and Champion Manufacturing Inc. and to make certain other desired
      changes;

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    NOW,
      THEREFORE, pursuant to Section
      18.1 of the Plan, the Company hereby amends the Plan, effective as of the dates
      herein provided, as follows:

    1.           
      Effective as of January 1, 2006, Section 2.2 of the Plan is hereby amended
      by
      the deletion of the cross reference to “Section 4.4” and the substitution of
“Section 4.5” in lieu thereof.

    2.           
      Effective as of March 1, 2004, Section 2.36 of the Plan is hereby amended by
      the
      deletion of said Section 2.36 in its entirety and the substitution in lieu
      thereof of a new Section 2.36 to read as follows:

    “2.36                      
      Participating
      Employer.  The words ‘Participating Employer’ shall mean the
      Company and any Affiliate which is or shall become a Participating Employer
      in
      this Plan pursuant to Article 3 hereof.  Except as otherwise
      specifically provided in Section 3.1 hereof, Garden City Medical, Inc., Medbloc
      Inc. and Freedom Designs, Inc. shall not be Participating Employers under the
      Plan.”

    3.           
      Effective as of July 19, 2004, Section 2.36 of the Plan is hereby amended by
      the
      deletion of said Section 2.36 in its entirety and the substitution in lieu
      thereof of a new Section 2.36 to read as follows:

    “2.36                      
      Participating
      Employer.  The words ‘Participating Employer’ shall mean the
      Company and any Affiliate which is or shall become a Participating Employer
      in
      this Plan pursuant to Article 3 hereof.  Except as otherwise
      specifically provided in Section 3.1 hereof, Garden City Medical, Inc., Medbloc
      Inc., Freedom Designs, Inc., and Premier Designs shall not be Participating
      Employers under the Plan.”

    4.           
      Effective as of October 15, 2004, Section 2.36 of the Plan is hereby amended
      by
      the deletion of said Section 2.36 in its entirety and the substitution in lieu
      thereof of a new Section 2.36 to read as follows:

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    “2.36                      
      Participating
      Employer.  The words ‘Participating Employer’ shall mean the
      Company and any Affiliate which is or shall become a Participating Employer
      in
      this Plan pursuant to Article 3 hereof.  Except as otherwise
      specifically provided in Section 3.1 hereof, Garden City Medical, Inc., Medbloc
      Inc., Freedom Designs, Inc., Premier Designs and Champion Manufacturing Inc.
      shall not be Participating Employers under the Plan.”

    5.           
      Effective as of June 7, 2005, Section 2.36 of the Plan is hereby amended by
      the
      deletion of said Section 2.36 in its entirety and the substitution in lieu
      thereof of a new Section 2.36 to read as follows:

    “2.36                      
      Participating
      Employer.  The words ‘Participating Employer’ shall mean the
      Company and any Affiliate which is or shall become a Participating Employer
      in
      this Plan pursuant to Article 3 hereof.  Except as otherwise
      specifically provided in Section 3.1 hereof, Garden City Medical, Inc., Medbloc
      Inc., Freedom Designs, Inc., Premier Designs, Champion Manufacturing Inc. and
      Altimate Medical, Inc. shall not be Participating Employers under the
      Plan.”

    6.           
      Effective as of January 1, 2006, Section 3.1 of the Plan is hereby amended
      by
      the deletion of said Section 3.1 in its entirety and the substitution in lieu
      thereof of a new Section 3.1 to read as follows:

    “3.1           
      Designation of
      Participating Employers.  An Affiliate of the Company shall
      become a Participating Employer under this Plan by resolution of the Board
      of
      Directors of the Company and the ratification of the Board of Directors of
      the
      Affiliate.  By becoming a Participating Employer under this Plan, an
      Affiliate of the Company is deemed to approve this Plan in the form which is
      in
      effect as of its Adoption Date.  The Participating Employers as of
      January 1, 2006 are as follows:

     

     

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

     

    
      
        	
                PARTICIPATING
                  EMPLOYER                                                                                                           

              	
                ADOPTION
                  DATE

              
	
                Invacare
                  Corporation                                                                                                           

              	
                1-Jan-88

              
	
                Professional
                  Medical Imports,
                  Inc.                     

              	
                30-Jun-99

              
	
                Champion
                  Manufacturing
                  Inc.                        

              	
                1-Jan-06

              
	
                Medbloc
                  Inc.                 

              	
                1-Jan-06

              
	
                Pinnacle
                  Medsources
                  Inc.                

              	
                January
                  1,
                  2006”

              

      

    

    

    7.           
      Effective as of January 1, 2006, Article 4 of the Plan is hereby amended by
      deletion of Sections 4.2, 4.3, 4.4 and 4.5 and the substitution in lieu thereof
      of new Sections 4.2, 4.3, 4.4, 4.5 and 4.6 to read as follows:

    “4.2           
      Eligibility and
      Participation.  Every other Employee who is a Covered Employee
      shall automatically become a Participant in this Plan on the Enrollment Date
      coinciding with or next following his Date of Hire.  Every Covered
      Employee who meets such eligibility requirements may elect to make Salary
      Deferral Contributions as of any date coinciding with or next following his
      Enrollment Date.  An eligible Covered Employee who elects to make
      Salary Deferral Contributions shall agree, by such means (including writing,
      telephonically, or electronically) as the Administrator may determine to defer
      certain of his unpaid Compensation pursuant to Section 5.1 hereof and to have
      such amounts contributed to the Plan on his behalf as Salary Deferral
      Contributions.  An eligible Covered Employee may also become a
      Participant by virtue of a deemed election pursuant to Section 4.3.  A
      Participant may increase or decrease the amount of his Salary Deferral
      Contributions in accordance with the provisions of Article 5
      hereof.

    4.3           
      Automatic
      Participation; Election Not To Participate.In the event that an eligible
      Covered Employee fails to make an affirmative election in accordance with
      Section 4.2, he shall be deemed to have elected to have Salary Deferral
      Contributions made on his behalf in the amount of three percent (3%) of his
      Compensation.  Such contributions shall commence as soon as
      administratively practicable but not earlier than sixty (60) days following
      his
      Date of Hire.

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    An
      eligible Covered Employee who is automatically enrolled in the Plan pursuant
      to
      this Section 4.3 may decline to make Salary Deferral Contributions under the
      Plan by so electing in such manner (including writing, orally, telephonically,
      or electronically) as the Administrator may determine.  Such an
      eligible Covered Employee may later elect to make Salary Deferral Contributions
      to the Plan in accordance with the provisions of Section 4.2 and Article 5
      hereof.  An Employee who declines to make Salary Deferral
      Contributions pursuant to this Section shall not be eligible to receive an
      allocation of any matching contribution made to the Plan by a Participating
      Employer, but shall receive an allocation of Participating Employer quarterly
      contributions and/or profit sharing contributions, provided he is otherwise
      eligible to receive such an allocation pursuant to Article 6
      hereof.

    4.4           
      Rehired
      Employees.  In the event that a former Employee is rehired, he
      shall become an Active Participant on the Enrollment Date coincident with or
      next following his date of reemployment if he is a Covered Employee on such
      Enrollment Date.  A former Employee who becomes an Active Participant
      on or after January 1, 2006 shall be subject to the deemed election provisions
      set forth in Section 4.3 above.

    4.5           
      Employees on Leave
      of
      Absence.  A Covered Employee who would be eligible to
      participate in this Plan, except that he is on an authorized unpaid Leave of
      Absence on his Enrollment Date, shall be enrolled pursuant to Section 4.3 above
      on the date on which he ceases to be on the unpaid Leave of Absence, assuming
      he
      is then a Covered Employee.

    4.6           
      Cessation of Covered
      Employee Status.  In the event that a Participant ceases to be
      a Covered Employee but continues in the employ of a Participating Employer,
      he
      will continue to be a Participant in this Plan and accrue Service until
      his

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    date
      of
      Termination of Employment, but any distribution payable to such Participant
      under this Plan shall be computed on the basis of his Account balances on the
      date he ceased to be a Covered Employee, plus any investment gains or losses
      thereon.”

    8.           
      Effective January 1, 2006, Section 5.1 of the Plan is hereby amended by the
      deletion of the first paragraph of said Section 5.1 and the substitution in
      lieu
      thereof of a new first paragraph to read as follows:

    “5.1           
      Election and Amount
      of
      Salary Deferral Contributions.  Pursuant to uniform rules and
      procedures prescribed by the Administrator, an Active Participant may elect
      that
      a portion of his unpaid Compensation for a Plan Year be paid by a Participating
      Employer to the Trustee hereunder as a Salary Deferral Contribution and be
      treated as a contribution by the Participating Employer.  An Active
      Participant who does not elect to make Salary Deferral Contributions pursuant
      to
      the preceding sentence shall be deemed to have elected to contribute three
      percent (3%) of his Compensation.  Any election by a Participant to
      contribute more than zero percent (0%) of his unpaid Compensation pursuant
      to
      this Section shall be expressed in one percent (1%) increments of his
      Compensation for a payroll period.  The Administrator may, from time
      to time, establish maximum percentage limits on the amount of Salary Deferral
      Contributions that Participants can make under this Plan and may establish
      maximum percentage limits which apply solely to Highly Compensated
      Employees.  Until changed by the Administrator pursuant to this
      Section, the maximum percentage of an Active Participant’s Compensation (minus
      any salary reduction amounts which are excluded from the taxable income of
      the
      Participant under Section 125 of the Code) for a payroll period that is subject
      to election pursuant to this Section shall be fifty percent (50%).”

    9.           
      Effective as of January 1, 2006, Section 5.2 of the Plan is hereby amended
      by
      the

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    deletion
      of the first paragraph of said Section 5.2 and the substitution in lieu thereof
      of a new paragraph to read as follows:

    “5.2           
      Election
      Procedures.  A Participant’s election pursuant to Section 5.1
      hereof shall be made in such form (including writing, orally, telephonically
      or
      electronically) as is required by the Administrator and shall include deemed
      elections made pursuant to Section 4.3.  Any such election shall
      become effective at such time as the Administrator shall permit and shall be
      conditioned upon:

    
      	
               

            	
              (a)

            	
              his
                right to defer the imposition of federal income tax on such contributions
                until a subsequent distribution of such amount under this Plan; and
                

            

    

     

    
      	
               

            	
              (b)

            	
              the
                Participating Employer’s right to deduct such amounts for federal income
                tax purposes after taking into account any contributions made by
                the
                Participating Employer under any profit sharing, pension and stock
                bonus
                plans maintained by the Company or the Participating Employer which
                meet
                the requirements of Section 401(a) of the Code.

            

    

     

    Any
      such
      election shall be deemed a continuing election and shall remain in effect until
      it is revoked or amended by the Participant in writing, or by such other
      procedures as shall be established by the Administrator from time to time,
      or
      the Participant ceases to be an Active Participant.  A Participant may
      revoke or amend his election at such times as the Administrator shall
      permit.  A Participant shall revoke or amend his election by providing
      such notice to the Administrator as the Administrator, in its sole discretion,
      shall require.”

    10.           
      Effective as of January 1, 2006, Section 6.1 of the Plan is hereby amended
      by
      the deletion of said Section 6.1 and the substitution in lieu thereof of a
      new
      Section 6.1 to read as follows:

    “6.1           
      Quarterly Employer
      Contributions.  For each calendar quarter ending after January
      1, 2006 (“Allocation Dates”), a Participating Employer may make a discretionary
      profit sharing contribution to this Plan in cash or other property on behalf
      of
      each Active

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    Participant
      employed by such Participating Employer who has completed six (6) months of
      Service.  For purposes of this Section, an Active Participant shall be
      deemed to have completed six (6) months of Service if he is in the employ of
      a
      Participating Employer at any time six (6) months after his Date of
      Hire.  The amount of the Participating Employer’s quarterly
      contributions, if any, shall be determined by the Participating Company in
      its
      sole discretion.  Such contribution may be made on or prior to each
      such Allocation Date as the Participating Company shall determine.  A
      Participating Employer’s contribution for any Allocation Date shall be credited
      to the Employer Contribution Accounts of each Active Participant
      who:

    (a)           
      is employed by the Participating Employer on such Allocation Date;
      or

    
      	
               

            	
              (b)

            	
              is
                on a Leave of Absence under the Family and Medical Leave Act of 1993
                on
                such Allocation Date; or 

            

    

    

    
      	
               

            	
              (c)

            	
              is
                not employed on such Allocation Date due to a retirement, Total and
                Permanent Disability or death which occurred during the calendar
                year
                quarter for which such contribution is made,

            

    

    in
      the
      same proportion that each such Participant’s Compensation for the calendar year
      quarter to which the contribution relates bears to the total Compensation of
      all
      such Participants employed by such Participating Employer for such calendar
      year
      quarter.”

    11.           
      Effective as of January 1, 2006, Article 6 of the Plan is hereby amended by
      the
      deletion of Section 6.3 in its entirety and the substitution in lieu thereof
      of
      new Sections 6.3 and 6.4 to read as follows:

    “6.3           
      Profit Sharing
      Contributions.  For each Plan Year, a Participating Employer
      may, not later than the last day upon which it may make a contribution under
      this Plan and secure under the Code a deduction of such contribution in the
      computation of its Federal income taxes for the Plan Year for which such payment
      is made, make a contribution in cash or other property.  The amount of
      each such contribution shall be

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    approved,
      ratified or confirmed by the Board of Directors of the Participating
      Employer.

    A
      Participating Employer’s contribution made pursuant to this Section 6.3
      shall be allocated among the Employer Contribution Accounts of:

    
      	
               

            	
              (a)

            	
              each
                Participant employed by the Participating Employer who was an Active
                Participant on the Allocation Date coinciding with the last day of
                the
                Plan Year; and 

            

    

     

    
      	
               

            	
              (b)

            	
              each
                Participant employed by the Participating Employer who ceased to
                be an
                Active Participant on the Allocation Date coinciding with the last
                day of
                the Plan Year; and 

            

    

     

    
      	
               

            	
              (c)

            	
              each
                Participant employed by the Participating Employer who retired after
                having attained his Normal Retirement Date or died or became disabled,
                during the Plan Year for which the allocation is made.
                

            

    

     

    Except
      as
      set forth in subsection (c) above, the Employer Contribution Accounts of
      Participants whose employment terminated prior to such Allocation Date shall
      not
      be allocated any portion of said contribution.

    The
      Employer Contribution Account of each Participant eligible to receive an
      allocation of a contribution made pursuant to this Section 6.3 hereof shall
      be
      credited with that portion of the Participating Employer’s contribution for such
      Plan Year which bears the same relationship to the Participating Employer’s
      contribution as such Participant’s Compensation during such Plan Year bears to
      the total Compensation of all Participants employed the Participating Employer
      during such Plan Year.

    6.4           
      Vesting of
      Participating Employer Contributions.  Any Shares or amounts
      credited to a Participant’s Employer Contribution Account and Matching
      Contributions pursuant to Sections 6.1, 6.2 and 6.3 hereof shall be subject
      to
      the vesting schedule set forth in Section 2.67 hereof.”

    12.           
      Effective January 1, 2006, Section 7.3 of the Plan is hereby amended by the
      deletion of the second to last sentence of said Section 7.3 and the substitution
      in lieu thereof of a

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    new
      sentence to read as follows:

    “In
      the
      event that a Participant, former Participant or Beneficiary does not direct
      the
      investment of any portion of such Account Balances, such undirected portion
      of
      such Account balances shall be invested in the appropriate Fidelity Freedom
      Fund
      based upon the age of the Participant, former Participant or
      Beneficiary.”

    13.           
      Effective January 1, 2006, Section 7.4 of the Plan is hereby amended by the
      deletion of said Section 7.4 in its entirety and the substitution in lieu
      thereof of a new Section 7.4 to read as follows:

    “7.4           
      Diversification
      of
      Stock Bonus Account.  Each Qualified Participant, by written
      direction to the Administrator or by such other procedures as shall be
      established by the Administrator from time to time, may direct the investment
      of
      his total Stock Bonus Account in any or all of the Investment Funds established
      hereunder; provided, however, that any such investment directions shall be
      made
      in accordance with such other rules as are established by the Administrator
      from
      time to time in its sole discretion, including rules requiring that investment
      selections be made effective as of specific investment dates and within a
      certain period of time prior to an investment date.  Any rules
      established by the Administrator pursuant to this Article 7 relating to
      Participant direction of investment shall apply to all Qualified Participants
      in
      a uniform and nondiscriminatory manner following such Qualified Participant’s
      election to direct the investment of his Stock Bonus Account.  Each
      Plan Year, an Active Participant who is not a Qualified Participant may direct
      the investment of up to the greater of:  (i) fifty percent (50%) of
      the number of  Shares credited to his Stock Bonus Account as of the
      last day of the immediately preceding Plan Year; and (ii) Shares having a Fair
      Market Value of One Hundred Dollars ($100.00) or less. It is intended that
      any
      other Shares remaining

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    credited
      to the Participant’s Stock Bonus Account continue to be fully invested in the
      Invacare Segregated Stock Fund.”

    14.           
      Effective September 27, 2005, Section 11.4 of the Plan is hereby amended by
      the
      deletion of subsection (b) of said Section 11.4 and the substitution in lieu
      thereof of a new subsection (b) to read as follows:

    
      	
               

            	
              “(b)

            	
              Loan
                Term and
                Repayment Schedule.  The term of any loan shall be
                arrived at by mutual agreement between the Borrower and the Administrator
                but shall not be less than one (1) year and shall not exceed five
                (5)
                years; provided, however, that if the proceeds of such loan are to
                be used
                to acquire any dwelling which within a reasonable time is to be used
                as
                the Borrower’s principal residence, such loan may be for a term of up to
                fifteen (15) years.  Subject to the conditions set forth in the
                immediately preceding sentence, the terms of the loan shall extend
                for any
                number of whole months as so agreed by the Borrower and the Administrator.
                

            

    

     

    All
      loans
      shall provide for the substantially level amortization of the loan, with
      payments no less frequently than quarterly, over the term of the loan; provided,
      however, that the loan shall permit (unless the Administrator otherwise
      determines) a grace period for up to one (1) year from such repayments while
      a
      Borrower is on a leave of absence without pay, provided that such grace period
      shall not extend the due date of the loan beyond the maximum time period set
      forth above.  In the event that the Borrower does not make loan
      payments while on a leave of absence, the term of his loan may be extended
      by
      the length of such leave of absence prior to reamortization of the loan;
      provided, however, that for a general purpose loan, such extension shall not
      extend the term of the loan beyond a five (5) year term measured from the date
      of the original loan, or for a home loan, a fifteen (15) year term measured
      from
      the date of the original loan.

     

    If
      a
      Borrower is on a military leave, loan repayments will be suspended under this
      Plan, as permitted under Section 414(u)(4) of the Code.

     

    The
      Administrator may make such additional, nondiscriminatory rules regarding loan
      repayments as it deems necessary, including early repayments and any
      restrictions relating thereto.”

     

    15.           
      Effective May 15, 2005, Section 11.4 of the Plan is hereby further amended
      by
      the deletion of subsection (f) of said Section 11.4 and the substitution in
      lieu
      thereof of a new subsection (f) to read as follows:

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    “(f)           
      Default.  A
      Borrower shall be in default thirty (30) days after his last
      payment:

    

    
      	
               

            	
              (i)

            	
              if
                he fails to make any payment of principal or interest sufficient
                to meet
                the substantially level quarterly amortization requirement in paragraph
                (b) above; 

            

    

    

    
      	
               

            	
              (ii)

            	
              if
                he fails to make a required payment after a permitted one (1) year
                grace
                period as provided for in paragraph (b) above;

            

    

    

    
      	
               

            	
              (iii)

            	
              if
                he fails to repay in full the entire outstanding balance of the principal
                and interest accrued on such loan within the term of the loan, as
                it may
                be extended as provided in paragraph (b) above; or
                

            

    

    

    
      	
               

            	
              (iv)

            	
              if
                he fails to repay in full the entire outstanding balance of the principal
                and interest accrued on such loan after his Termination of Employment,
                unless he remains a Party in Interest or receives salary continuation
                payments from a Participating Employer after such Termination of
                Employment. If a terminated Participant receives salary continuation
                payments from a Participating Employer following his Termination
                of
                Employment, he shall be in default if he fails to repay in full the
                entire
                outstanding balance of the principal and interest accrued on such
                loan by
                the earlier of the date on which he receives a distribution of his
                Accounts from the Plan or sixty (60) days after his salary continuation
                payments from the Participating Employer cease.

            

    

    

    
      	
               

            	
              In
                the event of default by a Borrower, his loan shall be accelerated,
                and:
                

            

    

    

    
      	
               

            	
              (A)

            	
              if
                his collateral security in this Plan is adequate to cover all or
                part of
                the outstanding principal and interest, and if distribution of such
                amount
                would not, in the opinion of the Administrator, put at risk the tax
                qualified status of the Plan or the Salary Deferral Contribution
                portion
                thereof, the Trustee shall take such steps as it deems appropriate
                to
                offset the loan balance against his Vested Interest or otherwise
                execute
                upon such Plan collateral; and 

            

    

    

    
      	
               

            	
              (B)

            	
              if
                his collateral security described in paragraph (f)(iv) is not adequate
                to
                cover all of the outstanding principal and interest, or if execution
                upon
                such collateral would, in the opinion of the Administrator, put at
                risk
                the tax qualified status of the Plan or the Salary Deferral Contribution
                portion thereof, the Trustee shall commence appropriate collection
                actions
                against the Borrower to recover the amounts owed.
                

            

    

    

    Expenses
      of collection, including legal fees, if any, of any loan in default shall be
      borne by the Borrower or his Accounts.

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    In
      the
      event of default, a Borrower shall not be permitted to request another loan
      from
      the Plan until the original, outstanding loan is repaid in full.”

    16.           
      Effective January 1, 2006, Article 17 of the Plan is hereby amended by the
      addition at the end of said Article 17 of a new Section 17.9 to read as
      follows:

    “17.9                      
      Costs Associated
      With
      Review of Domestic Relations Orders.  The Company reserves the
      right to charge the appropriate Participant and Alternate Payee the reasonable
      costs of reviewing a Domestic Relations Order for the purpose of determining
      whether such Order constitutes a Qualified Domestic Order.  Such
      charges may include, but are not limited to, reasonable attorney’s fees that are
      incurred by the Plan for such purpose.  Any such charges shall be
      divided equally between the Participant and the Alternate Payee and shall be
      debited to the Accounts maintained on behalf of such individuals under the
      Plan.”

    

    IN
      WITNESS WHEREOF, the Company, by its
      duly authorized officers, has executed this Amendment No. 6 this 3rd day of
      January, 2006.

    INVACARE
      CORPORATION

    (“Company”)

     

    
      
        	 	 	 
	 	 	 	 
	
                 

              	
                By:
                  

              	/s/ Joseph
                Usaj	 
	 	 	Joseph
                Usaj	 
	 	 	 	 
	 	 	 	 

      

      
        	 	 	 
	 	 	 	 
	
                 

              	
                And:
                  

              	/s/ Gregory
                C. Thompson	 
	 	 	Gregory
                C. Thompson	 
	 	 	 	 
	 	 	 	 

      

                   
      

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    INVACARE
      RETIREMENT SAVINGS
      PLAN

    

    

    
      

    

    SUPPLEMENTAL
      AGREEMENT I

    RELATING
      TO CERTAIN PARTICIPANTS

    WHO
      ARE
      EMPLOYEES OF MEDBLOC INC.

    
      

    

    

    This
      Supplemental Agreement I to the
      Invacare Retirement Savings Plan (the "Plan") relating only to certain
      Participants as set forth herein, is effective as of January 1,
      2006.

    SECTION
      I-A

    DEFINITIONS

    I.A.1.  Definitions.  The
      following terms, when used herein, unless their context clearly indicates
      otherwise, shall have the following respective meanings:

    
      	
               

            	
              (a)

            	
              The
                word “MedBloc” shall mean MedBloc Inc.

            

    

     

    
      	
               

            	
              (b)

            	
              The
                words “MedBloc Employee” shall mean an Employee who is employed by MedBloc
                and is a Covered Employee as provided in Section 2.16 of the Plan.
                

            

    

     

    
      	
               

            	
              (c)

            	
              The
                words “Supplement I Participant” shall mean any individual who was
                employed by MedBloc as of December 31, 2005 and who becomes a Participant.
                

            

    

    

    SECTION
      I-B

    SERVICE
      AND
      VESTING

    I.B.1.                      
      Service.  A
      MedBloc Employee’s Service shall be the sum of his Service under Section 2.50 of
      the Plan for the period after December 31, 2005, plus his Service with MedBloc
      prior to August 18, 2003.

    I.B.2.                      
      Vesting.  Each
      Supplement I Participant shall be one hundred percent (100%) vested in the
      amounts credited to his Matching Contribution Account under the
      Plan.  Any amounts credited to the Matching Contribution Account and
      the Employer Contribution

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    Account
      of a MedBloc Employee who is hired on and after January 1, 2006, shall be
      subject to the vesting schedule set forth in Section 2.67 of the
      Plan.

    SECTION
      I-C

    ELIGIBILITY
      AND
      PARTICIPATION

    I.C.1. Election
      To Participate;
      Automatic Participation.  A MedBloc Employee who is eligible as
      of January 1, 2006 to participate in the Plan pursuant to Section 4.2 thereof,
      shall be provided written notification of the Plan’s enrollment provisions and
      shall have the option to elect to make Salary Reduction Contributions to the
      Plan or to decline to make Salary Reduction Contributions to the Plan at such
      time and in such manner (including in writing, orally, telephonically or
      electronically) as the Administrator may determine.  In the event that
      such an employee fails to elect not to participate, the automatic contribution
      provisions of Section 4.3 of the Plan shall not be applied to such
      employee.  Salary Reduction Contributions shall commence as soon as
      practicable following the Administrator’s receipt of a Participant’s election to
      contribute.

    SECTION
      I
      - D

    EMPLOYER
      MATCHING
      CONTRIBUTIONS

    I.D.1                      
      Matching
      Contributions.  For each payroll period ending after January 1,
      2006, MedBloc shall make matching contributions to this Plan on behalf of each
      MedBloc Employee on whose behalf Salary Deferral Contributions are made with
      respect to such payroll period.  Matching contributions made on behalf
      of a MedBloc Participant with respect to a particular payroll period shall
      be
      equal to 100% of Salary Deferral Amounts up to three percent (3%) of
      Compensation.  No matching contributions will be made on deferrals in
      excess of three percent (3%) of a MedBloc Employee’s Compensation.

    Any
      matching contributions made on and after January 1, 2006 shall be in the form
      of

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    cash
      and
      shall be credited to the Matching Contribution Accounts of such Participants
      as
      of the date such contributions are received by the Trustee.

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    INVACARE
      RETIREMENT SAVINGS
      PLAN

    

    

    
      

    

    SUPPLEMENTAL
      AGREEMENT II

    RELATING
      TO CERTAIN PARTICIPANTS

    WHO
      ARE
      EMPLOYEES OF CHAMPION MANUFACTURING INC.

    
      

    

    

    This
      Supplemental Agreement II to the
      Invacare Retirement Savings Plan (the "Plan") relating only to certain
      Participants as set forth herein, is effective as of January 1,
      2006.

    SECTION
      1I-A

    DEFINITIONS

    II.A.1.  Definitions.  The
      following terms, when used herein, unless their context clearly indicates
      otherwise, shall have the following respective meanings:

    
      	
               

            	
              (a)

            	
              The
                word “Champion” shall mean Champion Manufacturing Inc.
                

            

    

     

    
      	
               

            	
              (b)

            	
              The
                words “Champion Employee” shall mean an Employee who is employed by
                Champion and is a Covered Employee as provided in Section 2.16 of
                the
                Plan. 

            

    

     

    
      	
               

            	
              (c)

            	
              The
                words “Supplement II Participant” shall mean any individual who was
                employed by Champion as of December 31, 2005 and who becomes a
                Participant. 

            

    

    

    SECTION
      II-B

    SERVICE
      AND
      VESTING

    II.B.1.                      
      Service.  A
      Champion Employee’s Service shall be the sum of his Service under Section 2.50
      of the Plan for the period after December 31, 2005, plus his Service with
      Champion prior to October 15, 2004.

    II.B.2.                      
      Vesting.  Each
      Supplement II Participant shall be one hundred percent (100%) vested in the
      amounts credited to his Matching Contribution Account under the
      Plan.  Any amounts credited to the Matching Contribution Account and
      the Employer Contribution

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    Account
      of a Champion Employee who is hired on and after January 1, 2006, shall be
      subject to the vesting schedule set forth in Section 2.67 of the
      Plan.

    SECTION
      II-C

    ELIGIBILITY
      AND
      PARTICIPATION

    II.C.1. Election
      To Participate;
      Automatic Participation.  A Champion Employee who is eligible
      as of January 1, 2006 to participate in the Plan pursuant to Section 4.2 thereof
      and who is participating in the Champion Manufacturing Inc. 401(k) Plan &
Trust (“Champion Plan”) as of December 31, 2005 shall have Salary Reduction
      Contributions made to the Plan in accordance with the contribution election
      in
      effect as of that date under the Champion Plan.  Each other Champion
      Employee shall be provided written notification of the Plan’s enrollment
      provisions and shall have the option to elect to make Salary Reduction
      Contributions to the Plan or to decline to make Salary Reduction Contributions
      to the Plan at such time and in such manner (including in writing, orally,
      telephonically or electronically) as the Administrator may
      determine.  In the event that such an employee fails to elect not to
      participate, the automatic contribution provisions of Section 4.3 of the Plan
      shall not be applied to such employee.  Salary Reduction Contributions
      shall commence as soon as practicable following the Administrator’s receipt of a
      Participant’s election to contribute.

    SECTION
      II - D

    EMPLOYER
      MATCHING
      CONTRIBUTIONS

    II.D.1                      
      Matching
      Contributions.  For each payroll period ending after January 1,
      2006, Champion shall make matching contributions to this Plan on behalf of
      each
      Champion Employee on whose behalf Salary Deferral Contributions are made with
      respect to such payroll period.  Matching contributions made on behalf
      of a Champion Participant with respect to a particular payroll period shall
      be
      equal to 100% of Salary Deferral Amounts on the first three

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    percent
      (3%) of Compensation which the Participant contributes to the Plan and 50%
      of
      the next two percent (2%) of Compensation which the Participant contributes
      to
      the Plan.  No matching contributions will be made on deferrals in
      excess of five percent (5%) of a Champion Employee’s Compensation.

    Any
      matching contributions made on and after January 1, 2006 shall be in the form
      of
      cash and shall be credited to the Matching Contribution Accounts of such
      Participants as of the date such contributions are received by the
      Trustee.

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    

    AMENDMENT
      NO. 7

    TO

    INVACARE
      RETIREMENT SAVINGS
      PLAN

    

    

    This
      Amendment No. 7 is executed as of
      the date set forth below by Invacare Corporation (hereinafter referred to as
      the
“Company”);

    WITNESSETH:

    WHEREAS,
      effective January 1, 1988, the
      Company established the Invacare Retirement Savings Plan (previously called
      the
      Invacare Corporation Profit Sharing Trust and Plan and hereinafter referred
      to
      as the “Plan”); and

    WHEREAS,
      the Company most recently
      amended and restated the Plan, effective as of January 1, 2001, in order to
      reflect the merger of the Invacare Corporation Employees’ Stock Bonus Trust and
      Plan into the Plan, to bring the Plan into compliance with the General Agreement
      on Tariffs and Trade, the Uniformed Services Employment and Reemployment Rights
      Act of 1994, the Small Business Job Protection Act of 1996, the Taxpayer Relief
      Act of 1997, and the Economic Growth and Tax Reconciliation Act of 2001, and
      to
      make certain other desirable changes; and

    WHEREAS,
      the Company reserved the right
      to amend the Plan pursuant to Section 18.1 thereof; and

    WHEREAS,
      the Company desires to amend
      the Plan in order to eliminate the restriction on diversification of the
      Participants’ stock bonus accounts;

    NOW,
      THEREFORE, pursuant to Section
      18.1 of the Plan, the Company hereby amends the Plan, effective as of January
      1,
      2007, as follows:

    1.           
      Section 7.4 of the Plan is hereby amended by the deletion of said Section 7.4
      in
      its entirety and the substitution in lieu thereof of a new Section 7.4 to read
      as follows:

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    “7.4           
      Diversification
      of
      Stock Bonus Account.  Each Participant and Beneficiary, by
      written direction to the Administrator or by such other procedures as shall
      be
      established by the Administrator from time to time, may direct the investment
      of
      all or a portion of his Stock Bonus Account in any or all of the Investment
      Funds established hereunder.  Any such investment direction shall not
      be subject to restrictions or conditions which are not imposed on the other
      Investment Funds under the Plan, except as may be provided under rules
      established by the Administrator consistent with Code Section 401(a)(35),
      including restrictions or conditions imposed by reason of securities
      laws.  Any rules established by the Administrator pursuant to this
      Article 7 relating to Participant direction of investment shall apply to all
      Participants and Beneficiaries in a uniform and nondiscriminatory
      manner.  It is intended that any Shares remaining credited to the
      Participant’s or Beneficiary’s Stock Bonus Account shall continue to be fully
      invested in the Invacare Segregated Stock Fund.”

    

    IN
      WITNESS WHEREOF, the Company, by its
      duly authorized officers, has executed this Amendment No. 7 this 13th day of
      November, 2006.

    INVACARE
      CORPORATION

    (“Company”)

    
       

      
        
          	 	 	 
	 	 	 	 
	
                   

                	
                  By:
                    

                	/s/ Joseph
                  Usaj	 
	 	 	Joseph
                  Usaj	 
	 	 	 	 
	 	 	 	 

        

        
          	 	 	 
	 	 	 	 
	
                   

                	
                  And:
                    

                	/s/ Gregory
                  C. Thompson	 
	 	 	Gregory
                  C. Thompson	 
	 	 	 	 
	 

      

    

                     
      

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    AMENDMENT
      NO. 8

    TO

    INVACARE
      RETIREMENT SAVINGS
      PLAN

    

    

    This
      Amendment No. 8 is executed as of
      the date set forth below by Invacare Corporation (hereinafter referred to as
      the
“Company”);

    WITNESSETH:

    WHEREAS,
      effective January 1, 1988, the
      Company established the Invacare Retirement Savings Plan (previously called
      the
      Invacare Corporation Profit Sharing Trust and Plan and hereinafter referred
      to
      as the “Plan”); and

    WHEREAS,
      the Company most recently
      amended and restated the Plan, effective as of January 1, 2001, in order to
      reflect the merger of the Invacare Corporation Employees’ Stock Bonus Trust and
      Plan into the Plan, to bring the Plan into compliance with the General Agreement
      on Tariffs and Trade, the Uniformed Services Employment and Reemployment Rights
      Act of 1994, the Small Business Job Protection Act of 1996, the Taxpayer Relief
      Act of 1997, and the Economic Growth and Tax Reconciliation Act of 2001, and
      to
      make certain other desirable changes; and

    WHEREAS,
      the Company reserved the right to amend the Plan pursuant to Section 18.1
      thereof; and

    WHEREAS,
      the Company has amended the
      Plan from time to time since the amendment and restatement; and

    WHEREAS,
      the Company desires to further
      amend the Plan in order to add Freedom Designs, Inc. and Altimate Medical,
      Inc.
      as Participating Employers under the Plan, to adopt new Supplemental Agreements
      relating to certain Participants employed by such Participating Employers and
      to
      make certain other desired changes;

    NOW,
      THEREFORE, pursuant to Section
      18.1 of the Plan, the Company hereby amends

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    the
      Plan,
      effective as of the dates herein provided, as follows:

    1.           
      Effective as of August 1, 2006, Section 3.1 of the Plan is hereby amended by
      the
      deletion of said Section 3.1 in its entirety and the substitution in lieu
      thereof of a new Section 3.1 to read as follows:

    “3.1           
      Designation of
      Participating Employers.  An Affiliate of the Company shall
      become a Participating Employer under this Plan by resolution of the Board
      of
      Directors of the Company and the ratification of the Board of Directors of
      the
      Affiliate.  By becoming a Participating Employer under this Plan, an
      Affiliate of the Company is deemed to approve this Plan in the form which is
      in
      effect as of its Adoption Date.  The Participating Employers as of
      January 1, 2006 are as follows:

     

    
      
        	
                PARTICIPATING
                  EMPLOYER

              	 	
                ADOPTION
                  DATE

              
	
                Invacare
                  Corporation

              	 	
                January
                  1,
                  1988

              
	
                Professional
                  Medical Imports,
                  Inc.

              	 	
                June
                  30,
                  1999

              
	
                Champion
                  Manufacturing
                  Inc.

              	 	
                January
                  1,
                  2006

              
	
                MedBloc
                  Inc.

              	 	
                January
                  1,
                  2006

              
	
                Pinnacle
                  Medsources
                  Inc.

              	 	
                January
                  1,
                  2006

              
	
                Freedom
                  Designs,
                  Inc.

              	 	
                January
                  1,
                  2006

              
	
                Altimate
                  Medical,
                  Inc.

              	 	
                January
                  1,
                  2007"

              

      

    

     

    2.           
      Effective January 1, 2006, Supplemental Agreements I and II of the Plan are
      hereby amended by the deletion of said Supplemental Agreements I and II in
      their
      entirety and the substitution in lieu thereof of new Supplemental Agreements
      I
      and II in the form attached hereto.

    3.           
      Effective August 1, 2006, the Plan is hereby amended by the addition at the
      end
      thereof of a new Supplemental Agreement III in the form attached
      hereto.

    4.           
      Effective January 1, 2007, the Plan is hereby amended by the addition at the
      end
      thereof of a new Supplemental Agreement IV in the form attached
      hereto.

    

    IN
      WITNESS WHEREOF, the Company, by its
      duly authorized officers, has executed

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    this
      Amendment No. 8 this 28th day of December, 2006.

    INVACARE
      CORPORATION

    (“Company”)

    
       

      
        
          	 	 	 
	 	 	 	 
	
                   

                	
                  By:
                    

                	/s/ Joseph
                  Usaj	 
	 	 	Joseph
                  Usaj	 
	 	 	 	 
	 	 	 	 

        

        
          	 	 	 
	 	 	 	 
	
                   

                	
                  And:
                    

                	/s/ Gregory
                  C. Thompson	 
	 	 	Gregory
                  C. Thompson	 
	 	 	 	 
	 

      

    

    
    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    INVACARE
      RETIREMENT SAVINGS
      PLAN

    

    

    
      

    

    SUPPLEMENTAL
      AGREEMENT I

    RELATING
      TO CERTAIN PARTICIPANTS

    WHO
      ARE
      EMPLOYEES OF MEDBLOC INC.

    
      

    

    

    This
      Supplemental Agreement I to the
      Invacare Retirement Savings Plan (the "Plan") relating only to certain
      Participants as set forth herein, is effective as of January 1,
      2006.

     

    SECTION
      I-A

    DEFINITIONS

    I.A.1.  Definitions.  The
      following terms, when used herein, unless their context clearly indicates
      otherwise, shall have the following respective meanings:

    
      	
               

            	
              (a)

            	
              The
                word “MedBloc” shall mean MedBloc Inc.

            

    

     

    
      	
               

            	
              (b)

            	
              The
                words “MedBloc Employee” shall mean an Employee who is employed by MedBloc
                and is a Covered Employee as provided in Section 2.16 of the Plan.
                

            

    

     

    
      	
               

            	
              (c)

            	
              The
                words “Supplement I Participant” shall mean any individual who was
                employed by MedBloc as of December 31, 2005 and who becomes a Participant.
                

            

    

    

     

    SECTION
      I-B

    SERVICE
      AND
      VESTING

    I.B.1.                      
      Service.  A
      MedBloc Employee’s Service shall be his Service as determined under Section 2.50
      of the Plan including periods of employment with MedBloc prior to August 18,
      2003, the date MedBloc became an Affiliate; provided however, in no event shall
      his Service as of January 1, 2006 be less than his years of vesting service
      under the MedBloc Plan as of December 31, 2005.

    I.B.2.                      
      Vesting.  Each
      Supplement I Participant shall be one hundred percent (100%) vested in the
      amounts credited to his Matching Contribution Account under the
      Plan.  Any amounts credited to the Matching Contribution Account and
      the Employer Contribution Account of a MedBloc Employee who is hired on and
      after January 1, 2006, shall be subject to the vesting schedule set forth in
      Section 2.67 of the Plan.

    
      

      
        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

      

    

    SECTION
      I-C

    ELIGIBILITY
      AND
      PARTICIPATION

    I.C.1. Election
      To Participate;
      Automatic Participation.  A MedBloc Employee who is eligible as
      of January 1, 2006 to participate in the Plan pursuant to Section 4.2 thereof,
      shall be provided written notification of the Plan’s enrollment provisions and
      shall have the option to elect to make Salary Deferral Contributions to the
      Plan
      or to decline to make Salary Deferral Contributions to the Plan at such time
      and
      in such manner (including in writing, orally, telephonically or electronically)
      as the Administrator may determine.  Salary Deferral Contributions
      shall commence as soon as practicable following the Administrator’s receipt of a
      Participant’s election to contribute.  In the event that such an
      employee fails to elect not to participate, the automatic contribution
      provisions of Section 4.3 of the Plan shall be applied to such
      employee.

     

    SECTION
      I
      - D

    EMPLOYER
      MATCHING
      CONTRIBUTIONS

    I.D.1                      
      Matching
      Contributions.  For each payroll period ending after January 1,
      2006, MedBloc shall make matching contributions to this Plan on behalf of each
      MedBloc Employee on whose behalf Salary Deferral Contributions are made with
      respect to such payroll period.  Matching contributions made on behalf
      of a MedBloc Participant with respect to a particular payroll period shall
      be
      equal to 100% of Salary Deferral Contributions up to three percent (3%) of
      Compensation.  No matching contributions will be made on deferrals in
      excess of three percent (3%) of such MedBloc Employee’s
      Compensation.

    Any
      matching contributions made on and after January 1, 2006 shall be in the form
      of
      cash and shall be credited to the Matching Contribution Accounts of such
      Participants as of the date such contributions are received by the
      Trustee.

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    INVACARE
      RETIREMENT SAVINGS
      PLAN

    

    

    
      

    

    SUPPLEMENTAL
      AGREEMENT II

    RELATING
      TO CERTAIN PARTICIPANTS

    WHO
      ARE
      EMPLOYEES OF CHAMPION MANUFACTURING INC.

    
      

    

    

    This
      Supplemental Agreement II to the
      Invacare Retirement Savings Plan (the "Plan") relating only to certain
      Participants as set forth herein, is effective as of January 1,
      2006.

     

    SECTION
      II-A

    DEFINITIONS

    II.A.1.  Definitions.  The
      following terms, when used herein, unless their context clearly indicates
      otherwise, shall have the following respective meanings:

    
      	
               

            	
              (a)

            	
              The
                word “Champion” shall mean Champion Manufacturing Inc.
                

            

    

     

    
      	
               

            	
              (b)

            	
              The
                words “Champion Employee” shall mean an Employee who is employed by
                Champion and is a Covered Employee as provided in Section 2.16 of
                the
                Plan. 

            

    

     

    
      	
               

            	
              (c)

            	
              The
                words “Supplement II Participant” shall mean any individual who was
                employed by Champion as of December 31, 2005 and who becomes a
                Participant. 

            

    

    

     

    SECTION
      II-B

    SERVICE
      AND
      VESTING

    II.B.1.                      
      Service.  A
      Champion Employee’s Service shall be his Service as determined under Section
      2.50 of the Plan including periods of employment with Champion prior to October
      15, 2004, the date Champion became an Affiliate; provided however, in no event
      shall his Service as of the January 1, 2006 be less than his years of vesting
      service under the Champion Plan as of December 31, 2005.

    II.B.2.                      
      Vesting.  Each
      Supplement II Participant shall be one hundred percent (100%) vested in the
      amounts credited to his Matching Contribution Account under the
      Plan.  Any amounts credited to the Matching Contribution Account and
      the Employer Contribution Account of a Champion Employee who is hired on and
      after January 1, 2006, shall be subject to the vesting schedule set forth in
      Section 2.67 of the Plan.

    
      

      
        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

      

    

    SECTION
      II-C

    ELIGIBILITY
      AND
      PARTICIPATION

    II.C.1. Election
      To Participate;
      Automatic Participation.  A Champion Employee who is eligible
      as of January 1, 2006 to participate in the Plan pursuant to Section 4.2 thereof
      and who is participating in the Champion Manufacturing Inc. 401(k) Plan &
Trust (“Champion Plan”) as of December 31, 2005 shall have Salary Deferral
      Contributions made to the Plan in accordance with the contribution election
      in
      effect as of that date under the Champion Plan.  Each other Champion
      Employee who is eligible as of January 1, 2006 to participate in the Plan shall
      be provided written notification of the Plan’s enrollment provisions and shall
      have the option either to elect to make Salary Deferral Contributions to the
      Plan or to decline to make Salary Deferral Contributions to the Plan at such
      time and in such manner (including in writing, orally, telephonically or
      electronically) as the Administrator may determine.  Salary Deferral
      Contributions shall commence as soon as practicable following the
      Administrator’s receipt of a Participant’s election to contribute.  In
      the event that such Champion Employee fails to make either such election
      effective as of January 1, 2006, the automatic participation and contribution
      provisions of Section 4.3 of the Plan shall not be applied to such Champion
      Employee.  After January 1, 2006, the automatic participation and
      contribution provisions of Section 4.3 of the Plan shall be applied to Champion
      Employees.

     

    SECTION
      II - D

    EMPLOYER
      MATCHING
      CONTRIBUTIONS

    II.D.1                      
      Matching
      Contributions.  For each payroll period ending after January 1,
      2006, Champion shall make matching contributions to this Plan on behalf of
      each
      Champion Employee on whose behalf Salary Deferral Contributions are made with
      respect to such payroll period.  Matching contributions made on behalf
      of a Champion Participant with respect to a particular payroll period shall
      be
      equal to 100% of Salary Deferral Contributions on the first three percent (3%)
      of Compensation which the Participant contributes to the Plan and 50% of the
      next two percent (2%) of Compensation which the Participant contributes to
      the
      Plan.  No matching contributions will be made on deferrals in excess
      of five percent (5%) of a Champion Employee’s Compensation.

    Any
      matching contributions made on and after January 1, 2006 shall be in the form
      of
      cash and shall be credited to the Matching Contribution Accounts of such
      Participants as of the date such contributions are received by the
      Trustee.

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    INVACARE
      RETIREMENT SAVINGS
      PLAN

    

    

    
      

    

    SUPPLEMENTAL
      AGREEMENT III

    RELATING
      TO CERTAIN PARTICIPANTS

    WHO
      ARE
      EMPLOYEES OF FREEDOM DESIGNS, INC.

    
      

    

    

    This
      Supplemental Agreement III to the
      Invacare Retirement Savings Plan (the "Plan") relating only to certain
      Participants as set forth herein, is effective as of August 1,
      2006.

     

    SECTION
      III-A

    DEFINITIONS

    III.A.1.  Definitions.  The
      following terms, when used herein, unless their context clearly indicates
      otherwise, shall have the following respective meanings:

    
      	
               

            	
              (a)

            	
              The
                word “Freedom” shall mean Freedom Designs, Inc.

            

    

     

    
      	
               

            	
              (b)

            	
              The
                words “Freedom Employee” shall mean an Employee who is employed by Freedom
                and becomes a Covered Employee as provided in Section 2.16 of the
                Plan.
                

            

    

     

    
      	
               

            	
              (c)

            	
              The
                words “Freedom Plan” shall mean the Freedom Designs, Inc. 410 (k) Plan as
                in effect on July 31, 2006. 

            

    

     

    
      	
               

            	
              (d)

            	
              The
                words “Merger Date” shall mean August 1, 2006, the date the Freedom Plan
                merged into the Plan. 

            

    

     

    
      	
               

            	
              (e)

            	
              The
                words “Supplement III Participant” shall mean any individual who was a
                participant in the Freedom Plan, was employed by Freedom as of July
                31,
                2006 and who becomes a Participant.

            

    

    

     

    SECTION
      III-B

    SERVICE
      AND
      VESTING

    III.B.1.  Service.  A
      Freedom Employee’s Service under the Plan shall be his Service as determined
      under Section 2.50 of the Plan including periods of employment with Freedom
      prior to the date Freedom became an Affiliate; provided however, in no event
      shall his Service as of the Merger Date be less than his Years of Vesting
      Service under Section 5.06 of the Freedom Plan immediately prior to the Merger
      Date.

    
      

      
        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

      

    

     

    III.B.2.  Vesting.  As
      of the Merger Date, each Supplement III Participant, who has at least one Hour
      on or after the Merger Date and prior to his Termination of Employment, shall
      have his Vested Percentage determined in accordance with Section 2.67 of the
      Plan, based on his Service as determined in accordance with Section III.B.1
      hereof.  In the event that a Supplement III Participant, does not work
      at least one Hour on or after the Merger Date and prior to his Termination
      of
      Employment, such Supplement III Participant shall have his Vesting determined
      in
      accordance with Article V of the Freedom Plan.

     

    SECTION
      III -C

    ELIGIBILITY
      AND
      PARTICIPATION

    III.C.1. Election
      To Participate;
      Automatic Participation.  A Freedom Employee who is eligible as
      of the Merger Date, to participate in the Plan shall be provided written
      notification of the Plan’s enrollment provisions and shall have the option
      either to elect to make Salary Deferral Contributions to the Plan or to decline
      to make Salary Deferral Contributions to the Plan at such time and in such
      manner (including in writing, orally, telephonically or electronically) as
      the
      Administrator may determine.  Salary Deferral Contributions shall
      commence as soon as practicable following the Administrator’s receipt of a
      Participant’s election to contribute.  In the event that a Freedom
      Employee fails to complete an election, the automatic participation and
      contribution provisions of Section 4.3 of the Plan shall be applied to such
      Freedom Employee.

     

    SECTION
      III - D

    EMPLOYER
      MATCHING
      CONTRIBUTIONS

    III.D.1                      
      Matching
      Contributions.  For each payroll period ending on or after the
      Merger Date, Freedom shall make matching contributions to the Plan in accordance
      with Section 6.2 of the Plan.

    Any
      matching contributions made on and after August 1, 2006 shall be in the form
      of
      cash and shall be credited to the Matching Contribution Accounts of such
      Participants as of the date such contributions are received by the
      Trustee.

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    INVACARE
      RETIREMENT SAVINGS
      PLAN

    

    

    
      

    

    SUPPLEMENTAL
      AGREEMENT IV

    RELATING
      TO CERTAIN PARTICIPANTS

    WHO
      ARE
      EMPLOYEES OF ALTIMATE MEDICAL, INC.

    
      

    

    

    This
      Supplemental Agreement IV to the
      Invacare Retirement Savings Plan (the "Plan") relating only to certain
      Participants as set forth herein, is effective as of January 1,
      2007.

     

    SECTION
      IV-A

    DEFINITIONS

    IV.A.1.  Definitions.  The
      following terms, when used herein, unless their context clearly indicates
      otherwise, shall have the following respective meanings:

    
      	
               

            	
              (a)

            	
              The
                word “Altimate” shall mean Altimate Medical, Inc.
                

            

    

     

    
      	
               

            	
              (b)

            	
              The
                words “Altimate Employee” shall mean an Employee who is employed by
                Altimate and is a Covered Employee as provided in Section 2.16 of
                the
                Plan. 

            

    

     

    
      	
               

            	
              (c)

            	
              The
                words “Altimate Plan” shall mean the Altimate Medical, Inc. Profit Sharing
                Plan as in effect on December 31, 2006.

            

    

     

    
      	
               

            	
              (d)

            	
              The
                words “Merger Date” shall mean January 1, 2007, the date the Altimate Plan
                merged into the Plan. 

            

    

     

    
      	
               

            	
              (e)

            	
              The
                words “Supplement IV Participant” shall mean any individual who was a
                participant in the Altimate Plan, was employed by Altimate as of
                December
                31, 2006, and who becomes a Participant under the Plan.
                

            

    

    

     

    SECTION
      IV-B

    SERVICE
      AND
      VESTING

    IV.B.1.                      
      Service.  An
      Altimate Employee’s Service under the Plan shall be his Service as determined
      under Section 2.50 of the Plan including periods of employment with Altimate
      prior to the date Altimate became an Affiliate; provided however, in no event
      shall his Service as of the Merger Date be less than his Years of Vesting
      Service under Section 2.69 of the Altimate Plan immediately prior to the Merger
      Date.

    IV.B.2.                      
      Vesting.  As
      of the Merger Date, each Supplement IV Participant, who has at least one Hour
      on
      or after the Merger Date and prior to his Termination of Employment, shall
      have
      his Vested Percentage determined in accordance with Section 2.67 of the Plan,
      based on his Service as determined in accordance with Section IV.B.1
      hereof.  In the event that a Supplement IV Participant, does not work
      at least one Hour on or after the Merger Date and prior to his Termination
      of
      Employment, such Supplement IV Participant shall have his Vesting determined
      in
      accordance with Section 6 of the Altimate Plan.

    
      

      
        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

      

    

    SECTION
      IV-C

    ELIGIBILITY
      AND
      PARTICIPATION

    IV.C.1. Election
      To Participate;
      Automatic Participation.  An Altimate Employee who is eligible
      as of the Merger Date, to participate in the Plan shall be provided written
      notification of the Plan’s enrollment provisions and shall have the option
      either to elect to make Salary Deferral Contributions to the Plan or to decline
      to make Salary Deferral Contributions to the Plan at such time and in such
      manner (including in writing, orally, telephonically or electronically) as
      the
      Administrator may determine.  Salary Deferral Contributions shall
      commence as soon as practicable following the Administrator’s receipt of a
      Participant’s election to contribute.  In the event that an Altimate
      Employee fails to complete an election, the automatic participation and
      contribution provisions of Section 4.3 of the Plan shall be applied to such
      Altimate Employee

     

    SECTION
      IV - D

    EMPLOYER
      MATCHING
      CONTRIBUTIONS

    IV.D.1.  Matching
      Contributions.  Notwithstanding anything contained in the Plan
      to the contrary, for each payroll period ending after the Merger Date, Altimate
      shall make matching contributions to the Plan with respect to such payroll
      period in accordance with this Section IV.D.1 on behalf of its Active
      Participants who meet the requirements set forth in Section 6.2 of the
      Plan.  Matching contributions made on behalf of each such Altimate
      Participant with respect to a particular payroll period shall be equal to 100%
      of the Salary Deferral Contributions on the first three percent (3%) of
      Compensation which such Altimate Participant contributes to the
      Plan.  No matching contributions will be made on deferrals in excess
      of three percent (3%) of such Altimate Participant’s Compensation.

    Any
      matching contributions made on and after January 1, 2007 shall be in the form
      of
      cash and shall be credited to the Matching Contribution Accounts of such
      Participants as of the date such contributions are received by the
      Trustee.

     

    SECTION
      IV - E

    NORMAL
      RETIREMENT
      DATE

    IV.E.1  Normal
      Retirement
      Date.  Notwithstanding anything contained in the Plan to the
      contrary, with respect to any Supplement IV Participant, the words “Normal
      Retirement Date” for purposes of the Plan shall mean the date on which such
      Supplement IV Participant attains age sixty-five (65).

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    AMENDMENT
      NO. 9

    TO

    INVACARE
      RETIREMENT SAVINGS
      PLAN

    

    

    This
      Amendment No. 9 is executed as of
      the date set forth below by Invacare Corporation (hereinafter referred to as
      the
“Company”);

    WITNESSETH:

    WHEREAS,
      effective January 1, 1988, the
      Company established the Invacare Retirement Savings Plan (previously called
      the
      Invacare Corporation Profit Sharing Trust and Plan and hereinafter referred
      to
      as the “Plan”); and

    WHEREAS,
      the Company most recently
      amended and restated the Plan, effective as of January 1, 2001, in order to
      reflect the merger of the Invacare Corporation Employees’ Stock Bonus Trust and
      Plan into the Plan, to bring the Plan into compliance with the General Agreement
      on Tariffs and Trade, the Uniformed Services Employment and Reemployment Rights
      Act of 1994, the Small Business Job Protection Act of 1996, the Taxpayer Relief
      Act of 1997, and the Economic Growth and Tax Reconciliation Act of 2001, and
      to
      make certain other desirable changes; and

    WHEREAS,
      the Company reserved the right
      to amend the Plan pursuant to Section 18.1 thereof; and

    WHEREAS,
      the Company desires to amend
      the Plan in order to modify the loan procedures to provide a uniform event
      of
      default requiring repayment in full at termination of employment, to
      retroactively amend the Plan to reflect the early inclusion of Freedom Employees
      in the 401(m) portion of the Plan as provided under the Employee Plans
      Compliance Resolution System in Section 4.05(2) of Revenue Procedure 2006-27,
      and to waive the service requirement for Altimate Employees to participate
      in
      the 401(m) portion of the Plan;

    NOW,
      THEREFORE, pursuant to Section
      18.1 of the Plan, the Company hereby amends the Plan, effective as of the dates
      herein provided, as follows:

    
      

      
        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

      

    

     

    1.           
      Effective as of January 1, 2007, Section 2.37 of the Plan is hereby amended
      by
      the deletion of said Section 2.37 and the substitution in lieu thereof of a
      new
      Section 2.37 to read as follows:

    “2.37                      
      [Reserved]”

    2.           
      Effective as of January 1, 2007, Section 11.1 of the Plan is hereby amended
      by
      the deletion of the first sentence of said Section 11.1 and the substitution
      in
      lieu thereof of a new sentence to read as follows:

    “An
      Employee who is an Active Participant (“Borrower”) may request a loan from the
      Plan.”

    3.           
      Effective as of January 1, 2007, Section 11.4 of the Plan is hereby amended
      by
      the deletion of subsection (d) of said Section 11.4 and the substitution in
      lieu
      thereof of a new subsection (d) to read as follows:

    
      	
               

            	
              “(d)

            	
              Repayment
                Procedures.  Except for early repayments of the
                outstanding balance, (i) repayment of any loan made to an Active
                Employee
                shall be by payroll deduction, (ii) repayment of any loan made to
                an
                Active Employee who prior to January 1, 2007 had a Termination of
                Employment and was eligible for severance payments shall be by payroll
                deduction from said severance payments, and (iii) repayment of any
                other
                loan amount otherwise due on account of a Termination of Employment
                or
                other event of default shall be made as determined by the Administrator
                and communicated to such Borrower.  Repayments of any loan shall
                be credited to the Accounts of the Borrower pro rata.  Loan
                repayments shall be directed back into the active Investment Fund
                based
                upon the Participant’s future contribution election percentages.”
                

            

    

     

    
      

      
        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

      

    

    4.           
      Effective as of January 1, 2007, Section 11.4 of the Plan is hereby further
      amended by the deletion of subsection (f) of said Section 11.4 and the
      substitution in lieu thereof of a new subsection (f) to read as
      follows:

    
      	
               

            	
              “(f)

            	
              Default.  A
                Borrower shall be in default thirty (30) days after his last payment:
                

            

    

    

    
      	
               

            	
              (i)

            	
              if
                he fails to make any payment of principal or interest sufficient
                to meet
                the substantially level quarterly amortization requirement in paragraph
                (b) above; 

            

    

    

    
      	
               

            	
              (ii)

            	
              if
                he fails to make a required payment after a permitted one (1) year
                grace
                period as provided for in paragraph (b) above;

            

    

    

    
      	
               

            	
              (iii)

            	
              if
                he fails to repay in full the entire outstanding balance of the principal
                and interest accrued on such loan within the term of the loan, as
                it may
                be extended as provided in paragraph (b) above; or
                

            

    

    

    
      	
               

            	
              (iv)

            	
              if
                he fails to repay in full the entire outstanding balance of the principal
                and interest accrued on such loan after his Termination of Employment
                (unless, prior to January 1, 2007 he had a Termination of Employment
                and
                was eligible for severance payments from a Participating Employer
                after
                such Termination of Employment, in which case he shall be in default
                if he
                fails to repay in full the entire outstanding balance of the principal
                and
                interest accrued on such loan by the earlier of the date on which
                he
                receives a distribution of his Accounts from the Plan or sixty (60)
                days
                after his salary continuation payments from the Participating Employer
                cease). 

            

    

    

    
      	
               

            	
              In
                the event of default by a Borrower, his loan shall be accelerated,
                and:
                

            

    

    

    
      	
               

            	
              (A)

            	
              if
                his collateral security in this Plan is adequate to cover all or
                part of
                the outstanding principal and interest, and if distribution of such
                amount
                would not, in the opinion of the Administrator, put at risk the tax
                qualified status of the Plan or the Salary Deferral Contribution
                portion
                thereof, the Trustee shall take such steps as it deems appropriate
                to
                offset the loan balance against his Vested Interest or otherwise
                execute
                upon such Plan collateral; and 

            

    

    

    
      	
               

            	
              (B)

            	
              if
                his collateral security described in paragraph (f)(iv) is not adequate
                to
                cover all of the outstanding principal and interest, or if execution
                upon
                such collateral would, in the opinion of the Administrator, put at
                risk
                the tax qualified status of the Plan or the Salary Deferral Contribution
                portion thereof, the Trustee shall commence appropriate collection
                actions
                against the Borrower to recover the amounts owed.
                

            

    

    

    Expenses
      of collection, including legal fees, if any, of any loan in default shall be
      borne by the Borrower or his Accounts.

    
      

      
        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

    

    In
      the
      event of default, a Borrower shall not be permitted to request another loan
      from
      the Plan until the original, outstanding loan is repaid in full.”

     

    5.           
      Effective as of August 1, 2006, Supplemental Agreement III of the Plan is hereby
      amended by the deletion of Section III.D.1 of said Supplemental Agreement III
      and the substitution in lieu thereof of a new Section III.D.1 to read as
      follows:

     

    “III.D.1.                      
      Matching
      Contributions.  For each payroll period ending on or after the
      Merger Date, Freedom shall make matching contributions to the Plan on behalf
      of
      each Freedom Employee on whose behalf Salary Deferral Contributions are made
      with respect to such payroll period.  Matching contributions made on
      behalf of a Freedom Participant with respect to a particular payroll period
      shall be in the amount specified in Section 6.2 of the Plan.

    Any
      matching contributions made on and
      after August 1, 2006 shall be in the form of cash and shall be credited to
      the
      Matching Contribution Accounts of such Participants as of the date such
      contributions are received by the Trustee.”

    

    6.           
      Effective as of January 1, 2007, Supplemental Agreement IV of the Plan is hereby
      amended by the deletion of Section IV.D.1. of said Supplemental Agreement IV
      and
      the substitution in lieu thereof of a new Section IV.D.1. to read as
      follows:

     

    “IV.D.1.                      
      Matching
      Contributions.  Notwithstanding anything contained in the Plan
      to the contrary, for each payroll period ending on or after the Merger Date,
      Altimate shall make matching contributions to this Plan on behalf of each
      Altimate Employee on whose behalf Salary Deferral Contributions are made with
      respect to such payroll period.  Matching contributions made on behalf
      of each such Altimate Participant with respect to a particular payroll period
      shall be equal to 100% of the Salary Deferral Contributions on the first three
      percent (3%) of Compensation which such Altimate Participant contributes to
      the
      Plan.  No matching contributions will be made on deferrals in excess
      of three percent (3%) of such Altimate Participant’s Compensation.

    
      

      
        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

      

    

    Any
      matching contributions made on and after January 1, 2007 shall be in the form
      of
      cash and shall be credited to the Matching Contribution Accounts of such
      Participants as of the date such contributions are received by the
      Trustee.”

    

     

    

    IN
      WITNESS WHEREOF, the Company, by its
      duly authorized officers, has executed this Amendment No. 9 this 19th day of
      January, 2007.

    INVACARE
      CORPORATION

    (“Company”)

     

    
      
        
          	 	 	 
	 	 	 	 
	
                   

                	
                  By:
                    

                	/s/ Joseph
                  Usaj	 
	 	 	Joseph
                  Usaj	 
	 	 	 	 
	 	 	 	 

        

        
          	 	 	 
	 	 	 	 
	
                   

                	
                  And:
                    

                	/s/ Gerald
                  B. Blouch	 
	 	 	Gerald
                  B. Blouch	 
	 	 	 	 
	 

      

    

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    AMENDMENT
      NO. 10

    TO

    INVACARE
      RETIREMENT SAVINGS
      PLAN

    

    

    This
      Amendment No. 10 is executed as of
      the date set forth below by Invacare Corporation (hereinafter referred to as
      the
“Company”);

    WITNESSETH:

    WHEREAS,
      effective January 1, 1988, the
      Company established the Invacare Retirement Savings Plan (previously called
      the
      Invacare Corporation Profit Sharing Trust and Plan and hereinafter referred
      to
      as the “Plan”); and

    WHEREAS,
      the Company most recently
      amended and restated the Plan, effective as of January 1, 2001, in order to
      reflect the merger of the Invacare Corporation Employees’ Stock Bonus Trust and
      Plan into the Plan, to bring the Plan into compliance with the General Agreement
      on Tariffs and Trade, the Uniformed Services Employment and Reemployment Rights
      Act of 1994, the Small Business Job Protection Act of 1996, the Taxpayer Relief
      Act of 1997, and the Economic Growth and Tax Reconciliation Act of 2001, and
      to
      make certain other desirable changes; and

    WHEREAS,
      the Company reserved the right to amend the Plan pursuant to Section 18.1
      thereof; and

    WHEREAS,
      the Company has amended the
      Plan from time to time since the amendment and restatement; and

    WHEREAS,
      the Company desires to further
      amend the Plan in order to bring the Plan into compliance with final Treasury
      regulations under Code Sections 401(k) and 401(m) which became generally
      effective January 1, 2006, and to make certain other desired
      changes;

    NOW,
      THEREFORE, pursuant to Section
      18.1 of the Plan, the Company hereby amends the Plan, effective as of the dates
      herein provided, as follows:

    
      

      
        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

      

    

    1.           
      Effective as of January 1, 2006, Section 2.50 of the Plan is hereby amended
      by
      the deletion of the fourth paragraph therein and the substitution in lieu
      thereof of a new fourth paragraph to read as follows:

    “The
‘Service’
of
      an Employee who shall
      be reemployed by a Participating Employer or any Affiliate following a
      Termination of Employment shall not include the length of any of his periods
      of
      Service rendered prior to the date of said Termination of Employment if all
      of
      the following apply:

    
      	
               

            	
              (i)

            	
              he
                had not made Salary Deferral Contributions, and had a Vested Percentage
                equal to Zero Percent (0%), under this Plan (and the Prior Plans)
                on such
                date of Termination of Employment; and

            

    

     

    
      	
               

            	
              (ii)

            	
              he
                shall have incurred five (5) consecutive One Year Periods of Severance;
                and 

            

    

     

    
      	
               

            	
              (iii)

            	
              his
                period of Service immediately prior to such Termination of Employment
                shall have been less than or equal to his Period of Severance after
                the
                last day of such period of Service.”

            

    

     

    2.           
      Effective as of January 1, 2006, Section 2.57 of the Plan is hereby amended
      by
      the addition at the end thereof of a new sentence to read as
      follows:

    “An
      Employee shall not incur a Termination of Employment on account of a change
      in
      status from a common law employee to a Leased Person, unless the Leased Person
      is not considered an Employee under Section 2.30.”

    3.           
      Effective as of January 1, 2001, Section 2.66 of the Plan is hereby amended
      by
      the deletion of the term “Elective Accounts” where it appears in subparagraph
      (a) of said Section 2.66 and the substitution in lieu thereof of the term
“Salary Deferral Accounts”.

    4.           
      Effective as of January 1, 2007, Section 3.1 of the Plan is hereby amended
      by
      the deletion of said Section 3.1 in its entirety and the substitution in lieu
      thereof of a new Section 3.1 to read as follows:

    
      

      
        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

      

    

    “3.1           
      Designation of
      Participating Employers.  An Affiliate of the Company shall
      become a Participating Employer under this Plan by resolution of the Board
      of
      Directors of the Company and the ratification of the Board of Directors of
      the
      Affiliate.  By becoming a Participating Employer under this Plan, an
      Affiliate of the Company is deemed to approve this Plan in the form which is
      in
      effect as of its Adoption Date.  The Participating Employers as of
      January 1, 2007 are as follows:

     

    
      
        	
                PARTICIPATING
                  EMPLOYER

              	 	
                ADOPTION
                  DATE

              
	
                Invacare
                  Corporation

              	 	
                January
                  1, 1988

              
	
                Champion
                  Manufacturing Inc.

              	 	
                January
                  1, 2006

              
	
                MedBloc
                  Inc.

              	 	
                January
                  1, 2006

              
	
                Pinnacle
                  Medsources Inc.

              	 	
                January
                  1, 2006

              
	
                Freedom
                  Designs, Inc.

              	 	
                August 1,
                  2006

              
	
                Altimate
                  Medical, Inc.

              	 	
                January
                  1, 2007"

              

      

    

     

    5.           
      Effective as of January 1, 2006, of Section 4.3 of the Plan is hereby amended
      by
      the addition, at the end of the first paragraph thereof, of a new sentence
      to
      read as follows:

    “Prior
      to
      the commencement date of such automatic Salary Deferral Contributions, the
      Administrator shall provide notice to the Covered Employee of his right to
      have
      a different percentage (including zero percent (0%)) of his Compensation
      contributed as a Salary Deferral Contribution and, after providing such notice,
      shall grant the Covered Employee a reasonable period of time before the
      commencement date of the automatic Salary Deferral Contribution to elect to
      instead receive cash in lieu of all or a portion of the automatic Salary
      Deferral Contribution.”

    6.           
      Effective as of January 1, 2006, of Section 5.2 of the Plan is hereby amended
      by
      the addition at the end thereof of a new paragraph to read as
      follows:

               
      “In any event the Administrator shall provide a Participant with the effective
      opportunity to make or change a Salary Deferral Contribution at least once
      during each Plan Year.”

    
      

      
        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

      

    

    7.           
      Effective January 1, 2006, Section 5.3 of the Plan is hereby amended by the
      addition at the end thereof of a new paragraph to read as follows:

    “No
      Salary Deferral Contributions shall be contributed to the Plan prior to the
      Participant’s election to make such contributions, or before the Participant
      actually performs the services upon which the Salary Deferral Contribution
      is
      based (or before the Compensation is currently available, if
      earlier).  Notwithstanding the preceding rules, Salary Deferral
      Contributions may be contributed prior to such events if such contributions
      are
      made in order to accommodate bona fide administrative considerations and are
      not
      contributed early with a principal purpose of accelerating
      deductions.”

    8.           
      Effective January 1, 2006, Section 5.5 of the Plan is hereby amended by the
      addition at the end thereof of a new last sentence to read as
      follows:

    “This
      Plan shall not be treated as failing to satisfy the provisions of the Plan
      implementing the requirements of Section 401(k)(3), 401(k)(11), 401(k)(12),
      401(m), 410(b) or 416 of the Code, as applicable, by reason of the making of
      such catch-up Salary Deferral Contributions.”

    9.           
      Effective January 1, 2006, Section 6.2 of the Trust and Plan is hereby amended
      by the addition at the end thereof of a new paragraph to read as
      follows:

    “No
      matching contributions shall be contributed to the Plan prior to the
      Participant’s election to make the underlying Salary Deferral Contribution or
      before the Participant actually performs the services upon which the Salary
      Deferral Contribution is based (or before the Compensation is currently
      available, if earlier).  Notwithstanding the preceding rules, matching
      contributions may be contributed prior to such events if such contributions
      are
      made in order to accommodate bona fide administrative considerations and are
      not
      paid early with a principal purpose of accelerating deductions.”

    
      

      
        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

      

    

    
      10.           
        Effective January 1, 2006, Section 10.2 of the Trust and Plan is hereby amended
        by the deletion of said Section and the substitution in lieu thereof of a
        new
        Section 10.2 to read as follows:

    

    
      “10.2                      
        Immediate and
        Heavy
        Financial Need.  A distribution will be made on account of an
        immediate and heavy financial need of the Participant only if the distribution
        is on account of:

    

    
      
        	
                (a)

              	
                the
                  need to prevent the eviction of the Participant from his principal
                  residence or foreclosure on the mortgage of the Participant’s principal
                  residence; 

              

      

    

    
      

    

    
      
        	
                (b)

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

              

      

    

    
      

    

    
      
        	
                (c)

              	
                expenses
                  for (or necessary to obtain) medical care that would be deductible
                  under
                  Code Section 213(d) (determined without regard to whether the expenses
                  exceed seven and one-half percent (7.5%) of the Participant’s adjusted
                  gross income); or 

              

      

    

    
      

    

    
      
        	
                (d)

              	
                payment
                  of tuition, related educational fees and room and board expenses
                  for up to
                  the next twelve (12) months of post-secondary education for the
                  Participant, his or her spouse, children, or dependents (as defined
                  in
                  Code Section 152 without regard to Sections 152(b)(1), (b)(2) and
                  (d)(1)(B)).” 

              

      

    

    

    11.           
      Effective as of January 1, 2006, Section 12.3 of the Plan is hereby amended
      by
      the deletion of said Section and the substitution in lieu thereof of a new
      Section 12.3 to read as follows:

    “12.3                      
      Forfeitures.  If
      a terminated Participant’s Vested Percentage is one hundred percent (100%) on
      his date of Termination of Employment, his Accounts shall thereafter be held,
      administered and distributed in accordance with Articles 8 and 15
      hereof.  If his Vested Percentage is less than one hundred percent
      (100%), his Accounts shall continue to be administered in accordance with the
      provisions of Articles 8 and 15 hereof until the earliest to occur of any of
      the
      following events:

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    
      	
               

            	
              (d)

            	
              he
                receives a distribution of his entire Vested Interest;
                

            

    

     

    
      	
               

            	
              (e)

            	
              he
                has a five (5) year Period of Severance;

            

    

     

    
      	
               

            	
              (f)

            	
              he
                dies; or 

            

    

     

    
      	
               

            	
              (g)

            	
              he
                is rehired by a Participating Employer or an Affiliate.
                

            

    

     

    If
      the
      earliest to occur of said events is either the date of complete distribution
      of
      his Vested Interest, or his having had a five (5) year Period of Severance,
      or
      his death, the excess of:

    
      	
               

            	
              (i)

            	
              his
                Account balances; over 

            

    

     

    
      	
               

            	
              (ii)

            	
              his
                Vested Interest; 

            

    

     

    shall
      be
      forfeited as of such date and shall be debited to his Matching Contribution
      Account, Profit Sharing Account, Employer Contribution Account, and Stock Bonus
      Account, respectively.  The balances remaining credited to such
      Accounts after said forfeiture shall thereafter be held, administered and
      distributed in accordance with Articles 8 and 15 hereof.  If a
      Participant terminates employment at a time when his Vested Percentage is zero
      (0) and such Participant made no Salary Deferral Contributions to the Plan,
      such
      terminated Participant shall be deemed to have received a lump sum distribution
      from his Matching Contribution Account, Profit Sharing Account, Employer
      Contribution Account, and his Stock Bonus Account in such zero (0) amount in
      full discharge of this Plan’s liability with respect to such Accounts and his
      Matching Contribution, Profit Sharing, Employer Contribution, and Stock Bonus
      Account balances, if any, shall be forfeited pursuant to this
      Section.  Such distribution and forfeiture shall be deemed to have
      occurred on the date of Termination of Employment of such
      Participant.

    If
      the
      earliest of said events shall be the terminated Participant’s rehire by a
      Participating Employer or an Affiliate, this Article shall not apply to him
      until a subsequent Termination of Employment described in Section 12.1
      hereof.”

    
      

      
        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

      

    

     

    12.           
      Effective as of January 1, 2001, Section 12.5 of the Plan is hereby amended
      by
      the deletion of the first paragraph of said Section and the substitution in
      lieu
      thereof of a new first paragraph to read as follows:

    “If
      a
      terminated Participant in this Plan or the Stock Bonus Plan shall be rehired
      by
      a Participating Employer or any Affiliate, he shall immediately be reinstated
      as
      a Participant in this Plan for purposes of this Section.  If a
      terminated Participant shall be rehired by a Participating Employer or any
      Affiliate at a time when his Period of Severance is five (5) or more years,
      no
      portion of his Matching Contribution Account balance, Profit Sharing Account
      balance, Employer Contribution Account balance, or Stock Bonus Account balance
      under this Plan or the Stock Bonus Plan which was forfeited and debited pursuant
      to the provision of this Plan or any provisions of the Stock Bonus Plan shall
      be
      recredited to his Matching Contribution Account, Profit Sharing Account,
      Employer Contribution Account, and Stock Bonus Account unless the Participant’s
      periods of Service rendered prior to the date of his Termination of Employment
      are included in his Service pursuant to Section 2.50 of the Plan.  If
      a terminated Participant’s periods of Service to the date of his Termination of
      Employment are so included, or if a Participant shall be rehired by a
      Participating Employer or any Affiliate at a time when his Period of Severance
      is less than five (5) years, the portion of his Matching Contribution Account
      balance, Profit Sharing Account balance, Employer Contribution Account balance
      or Stock Bonus Account balance under this Plan or the Stock Bonus Plan which
      was
      forfeited and debited pursuant to the provisions of this Plan or the Stock
      Bonus
      Plan shall be recredited to his Matching Contribution Account, Profit Sharing
      Account, Employer Contribution Account, and Stock Bonus Account.”

    13.           
      Effective January 1, 2006, Section 19.1 of the Trust and Plan is hereby amended
      by the deletion of the last paragraph including subparagraphs (i) through (iii)
      thereof and the substitution thereof of a new last paragraph to read as
      follows:

     

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    
      	
               

            	
              “In
                addition, for purposes of this Article, the following rules and procedures
                shall apply to the extent and in the manner provided pursuant to
                regulations under Code Section 401(k) or Code Section 401(m):
                

            

    

    
      	
               

            	
              (iii)

            	
              For
                purposes of determining the Deferral Percentage and the Contribution
                Percentage of a Highly Compensated Employee, all before-tax contributions,
                after-tax contributions and matching contributions, as applicable,
                allocated during a given Plan Year of this Plan to the accounts of
                any
                Highly Compensated Employee under all plans maintained by the
                Participating Employers or any Affiliate that are subject to Section
                401(k) or 401(m) of the Code (other than those that may not be
                permissively aggregated) shall be determined as if such contribution
                amounts were made under a single plan or arrangement. (For Plan Years
                beginning before 2006, the before-tax contributions, after-tax
                contributions and matching contributions, as applicable, allocated
                during
                the respective plan years of all such plans and arrangements ending
                with
                or within the same calendar year were treated as provided under a
                single
                plan or arrangement for purposes of determining the Deferral Percentage
                and the Contribution Percentage of a Highly Compensated Employee.)
                However, and notwithstanding the foregoing, certain plans and arrangements
                (or portions of plans and arrangements) shall be treated as separate
                for
                purposes of testing if mandatorily disaggregated pursuant to regulations
                under Code Sections 401(k), 401(m), 401(a)(4), or 410(b).
                

            

    

     

    
      	
               

            	
              (iv)

            	
              If
                this Plan and one or more other plans are aggregated for purposes
                of
                testing under Code Sections 401(a)(4), 401(k), 401(m) or 410(b) (other
                than Section 410(b)(2)(A)(ii)) of the Code), the actual Deferral
                Percentage test and the actual Contribution Percentage test (and
                any
                corrections related thereto) shall be determined as if such plans
                were a
                single plan. Plans may be aggregated in order to satisfy Code Section
                401(k) (or Code Section 401(m)) only if they have the same plan year
                and
                use the same method for satisfying the actual Deferral Percentage
                test (or
                the actual Contribution Percentage test, respectively). If any portions
                of
                this Plan are treated as mandatorily disaggregated for purposes of
                Sections 401(a)(4) or 410(b), the actual Deferral Percentage test
                and the
                actual Contribution Percentage test (and any corrections related
                thereto)
                shall be determined as if such portions of the Plan constituted plans
                separate plans. 

            

    

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

     

    
      	
               

            	
              (v)

            	
              In
                the event of a plan coverage change as defined in Treasury Regulations
                Sections 1.401(k)-2(c)(4) or 1.401(m)-2(c)(4), then, to the extent
                required, adjustments to the average Deferral Percentage and the
                average
                Contribution Percentage of non-Highly Compensated Employees for the
                prior
                year shall be made in accordance with the regulations.
                

            

    

     

    
      	
               

            	
              (vi)

            	
              Except
                as otherwise provided herein, the Administrator may use any testing
                methodology permitted under the Code and regulations to apply the
                actual
                Deferral Percentage test and the actual Contribution Percentage test,
                including without limitation the special testing procedures under
                Code
                Sections 401(k)(3)(F) and 401(m)(5)(C) and Treasury Regulations Sections
                1.401(k)-2(a)(1)(iii) and 1.401(m)-2(a)(1)(iii) for plans permitting
                participation earlier than required under Code Section 410(a)(1)(A).”
                

            

    

     

    

    IN
      WITNESS WHEREOF, the Company, by its
      duly authorized officers, has executed this Amendment No. 10 this 17th day
      of September, 2007.

    INVACARE
      CORPORATION

    (“Company”)

    
       

      
        
          
            	 	 	 
	 	 	 	 
	
                     

                  	
                    By:
                      

                  	/s/ Joseph
                    Usaj	 
	 	 	Joseph
                    Usaj	 
	 	 	 	 
	 	 	 	 

          

          
            	 	 	 
	 	 	 	 
	
                     

                  	
                    And:
                      

                  	/s/ Gerald
                    B. Blouch	 
	 	 	Gerald
                    B. Blouch	 
	 	 	 	 
	 

          

        

      

    

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    AMENDMENT
      NO. 11

    TO

    INVACARE
      RETIREMENT SAVINGS
      PLAN

    

    

    This
      Amendment No. 11 is executed as of
      the date set forth below by Invacare Corporation (hereinafter referred to as
      the
“Company”);

    WITNESSETH:

    WHEREAS,
      effective January 1, 1988, the
      Company established the Invacare Retirement Savings Plan (previously called
      the
      Invacare Corporation Profit Sharing Trust and Plan and hereinafter referred
      to
      as the “Plan”); and

    WHEREAS,
      the Company most recently
      amended and restated the Plan, effective as of January 1, 2001, in order to
      reflect the merger of the Invacare Corporation Employees’ Stock Bonus Trust and
      Plan into the Plan, to bring the Plan into compliance with the General Agreement
      on Tariffs and Trade, the Uniformed Services Employment and Reemployment Rights
      Act of 1994, the Small Business Job Protection Act of 1996, the Taxpayer Relief
      Act of 1997, and the Economic Growth and Tax Reconciliation Act of 2001, and
      to
      make certain other desirable changes; and

    WHEREAS,
      the Company reserved the right to amend the Plan pursuant to Section 18.1
      thereof; and

    WHEREAS,
      the Company has amended the
      Plan from time to time since the amendment and restatement; and

    WHEREAS,
      the Company desires to further
      amend the Plan in order to add Roadrunner Mobility, Inc. as a Participating
      Employer, to provide for past service recognition for its employees, to delegate
      to the proper officers of the Company certain authority to designate Affiliates
      as Participating Employers, to permit the non-spouse beneficiary of a deceased
      participant to make a rollover of distributable amounts, and to make certain
      other changes to the Plan that it deems necessary or appropriate;

    
      

      
        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

      

    

     

    NOW,
      THEREFORE, pursuant to Section
      18.1 of the Plan, the Company hereby amends the Plan, effective as of the dates
      set forth below, as follows:

    1.           
      Effective December 1, 2007, Section 2.23 of the Plan is hereby amended by the
      deletion of said Section 2.23 in its entirety and the substitution in lieu
      thereof of a new Section 2 23 to read as follows:

    “2.23                      
      Enrollment Date. The words ‘Enrollment Date’ shall mean for purposes of Article
      4  hereof, the first day of any payroll period.”

    2.           
      Effective January 1, 2008, Section 3.1 of the Plan is hereby amended by the
      deletion of said Section 3.1 in its entirety and the substitution in lieu
      thereof of a new Section 3.1 to read as follows:

    “3.1           
      Designation of
      Participating Employers.  An Affiliate of the Company shall
      become a Participating Employer under this Plan by resolution of the Board
      of
      Directors of the Company and/or, where such authority has been delegated to
      the
      proper officers of the Company, by a writing executed by the Company by its
      proper officers, and the ratification of the Board of Directors of the
      Affiliate.  By becoming a Participating Employer under this Plan, an
      Affiliate of the Company is deemed to approve this Plan in the form which is
      in
      effect as of its Adoption Date.  The Participating Employers as of
      January 1, 2008 are as follows:

    

      
        	
                PARTICIPATING
                  EMPLOYER

              	 	
                ADOPTION
                  DATE

              
	
                Invacare
                  Corporation

              	 	
                January
                  1, 1988

              
	
                Champion
                  Manufacturing Inc.

              	 	
                January
                  1, 2006

              
	
                MedBloc
                  Inc.

              	 	
                January
                  1, 2006

              
	
                Pinnacle
                  Medsources Inc.

              	 	
                January
                  1, 2006

              
	
                Freedom
                  Designs, Inc.

              	 	
                August
                  1, 2006

              
	
                Altimate
                  Medical, Inc.

              	 	
                January
                  1, 2007

              
	
                Roadrunner
                  Mobility, Inc.

              	 	
                December
                  1, 2007"

              

      

    

     

    3.           
      Effective December 1, 2007, the first two sentences of Section 4.2 are
      hereby amended to read as follows:

     

    “Every
      other Employee who is a Covered Employee shall automatically become a
      Participant in this Plan on the Enrollment Date next following his Date of
      Hire.  Every Covered Employee who meets such eligibility requirements
      may elect to make Salary Deferral Contributions as of any Enrollment Date
      following his Date of Hire.”

     

    4.           
      Effective December 1, 2007, the first paragraph of Section 4.3 is hereby
      amended to read as follows:

     

    “In
      the
      event that an eligible Covered Employee fails to make an affirmative election
      in
      accordance with Section 4.2, he shall be deemed to have elected to have Salary
      Deferral Contributions made on his behalf in the amount of three percent (3%)
      of
      his Compensation.  Such contribution shall commence as soon as
      administratively practicable, but not earlier than the Enrollment Date that
      occurs at least sixty (60) days following his Date of Hire.”

     

    5.           
      Effective December 1, 2007, the first sentence of Section 4.4 is hereby
      amended to read as follows:

     

    “In
      the
      event that a former Employee is rehired, he shall become an Active Participant
      on his Date of Hire, and shall be subject to the deemed election provisions
      set
      forth in Section 4.3 above.”

     

    
      6.           
        Effective December 1, 2007, Section 10.2 of the Trust and Plan is hereby
        amended by the deletion of said Section and the substitution in lieu thereof
        of
        a new Section 10.2 to read as follows:

       

    

    
      “10.2                      
        Immediate and
        Heavy
        Financial Need.  A distribution will be made on account of an
        immediate and heavy financial need of the Participant only if the distribution
        is on account of:

    

    
      
        	
                (a)

              	
                the
                  need to prevent the eviction of the Participant from his principal
                  residence or foreclosure on the mortgage of the Participant’s principal
                  residence; 

              

      

    

    
      

    

    
      
        	
                (b)

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

              

      

    

    
      

    

    
      
        	
                (c)

              	
                expenses
                  for (or necessary to obtain) medical care that would be deductible
                  under
                  Code Section 213(d) (determined without regard to whether the expenses
                  exceed seven and one-half percent (7.5%) of the Participant’s adjusted
                  gross income); 

              

      

    

    
      

    

    
      
        	
                (d)

              	
                payment
                  of tuition, related educational fees and room and board expenses
                  for up to
                  the next twelve (12) months of post-secondary education for the
                  Participant, his or her spouse, children, or dependents (as defined
                  in
                  Code Section 152 without regard to Sections 152(b)(1), (b)(2) and
                  (d)(1)(B)); 

              

      

    

    

    
      	
               

            	
              (e)

            	
              payment
                of funeral or burial expenses for the Participant’s deceased spouse,
                parent, child or dependent (as defined in Code Section 152 without
                regard
                to Section 152(d)(1)(B)); or 

            

    

    

    
      
        	
                (f)

              	
                payment
                  of expenses to repair damage to the Participant’s principal residence that
                  would qualify for a casualty loss deduction under Code Section
                  165
                  (determined without regard to whether the loss exceeds ten percent
                  (10%)
                  of the Participant’s adjusted gross income).”

              

      

    

    
      

    

    
      7.           
        Effective December 1, 2007, the next to the last sentence of Section 7.3 is
        hereby amended to read as follows:

    

    
      “In
        the
        event that a Participant, former Participant or Beneficiary does not direct
        the
        investment of any portion of such Account Balances, such undirected portion
        of
        such Account Balances shall be invested

       

      
        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

      

       

       in
        such Investment Fund as the Company has designated.  It is generally
        intended that any such Investment Fund should be a ‘qualified default investment
        fund’ within the meaning of regulations issued under Section 404(c)(5) of ERISA,
        but the Company shall have authority to designate an Investment Fund other
        than
        a ‘qualified default investment fund’ if it determines that is
        appropriate.”

    

    
      8.           
        Effective December 1, 2007, Section 14.8 is herby amended by the deletion
        of such Section in its entirety and the substitution in lieu thereof of a
        new
        Section 14.8 to read as follows:

    

    “14.8                      
      Designation of
      Beneficiary.  In lieu of having the benefits payable pursuant
      to this Article payable to a Beneficiary determined in accordance with the
      provisions of Section 14.7, a Participant who is not described in Section 14.5
      hereof may designate a Beneficiary or Beneficiaries to receive such
      benefits.  Any such designation shall be made by such methods as
      prescribed by the Administrator, which may include an electronic designation
      made in accordance with Treasury regulations relating to electronic notices
      and
      Participant elections.   Notwithstanding the foregoing, no
      designation of a Beneficiary or Beneficiaries by a married Participant under
      this Section 14.8 shall be valid unless:

    
      	
               

            	
              (h)

            	
              the
                Participant’s surviving spouse has consented to such designation and
                acknowledged the effect of any such designation, and the surviving
                spouse’s consent is witnessed by a notary public; or
                

            

    

     

    
      	
               

            	
              (i)

            	
              it
                is established to the satisfaction of the Administrator that the
                consent
                of such spouse cannot be obtained because such spouse cannot be located
                or
                because of such other circumstances as the Secretary of the Treasury
                may
                prescribe by lawful regulations; or

            

    

     

    
      	
               

            	
              (j)

            	
              it
                is established to the satisfaction of the Administrator that the
                Participant has no surviving spouse.

            

    

    
      

      
        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

      

    

    Any
      consent given by a surviving spouse pursuant to this Section shall be effective
      only with respect to such spouse and shall not be effective with respect to
      any
      other spouse of such Participant.  In addition, any designations under
      this Section 14.8 shall be deemed to be automatically revoked in the event
      a
      Participant remarries.”

    
      9.           
        Effective December 1, 2007, Subsection (c) of Section 15.11 is herby
        amended by the deletion of such Subsection in its entirety and the substitution
        in lieu thereof of a new Subsection (c) to read as follows:

    

    
      	
               

            	
              “(c)

            	
              ‘Distributee’
                shall mean: 

            

    

     

    
      	
               

            	
              (i)

            	
              an
                Employee or former Employee; and 

            

    

     

    
      	
               

            	
              (ii)

            	
              an
                Employee’s or a former Employee’s surviving spouse or other Beneficiary
                and an Employee’s or former Employee’s spouse or former spouse who is the
                Alternate Payee under a Qualified Domestic Relations Order, as defined
                in
                Section 2.43 hereof, without regard to the interest of the spouse
                or
                former spouse.” 

            

    

     

    10.           
      Effective January 1, 2008, the Plan is hereby further amended by the
      addition at the end thereof of a new Supplemental Agreement V in the form
      attached hereto.

    IN
      WITNESS WHEREOF, the Company, by its
      duly authorized officers, has executed this Amendment No. 11 this 14th day
      of
      December, 2007.

    INVACARE
      CORPORATION

    (“Company”)

    
       

      
        
          
            	 	 	 
	 	 	 	 
	
                     

                  	
                    By:
                      

                  	/s/ Joseph
                    Usaj	 
	 	 	Joseph
                    Usaj	 
	 	 	 	 
	 	 	 	 

          

          
            	 	 	 
	 	 	 	 
	
                     

                  	
                    And:
                      

                  	/s/ Gregory
                    C. Thompson	 
	 	 	Gregory
                    C. Thompson	 
	 	 	 	 
	 

        

      

    

    
       

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    INVACARE
      RETIREMENT SAVINGS
      PLAN

    
 

    SUPPLEMENTAL
      AGREEMENT V

    RELATING
      TO CERTAIN PARTICIPANTS

    WHO
      ARE
      EMPLOYEES OF ROADRUNNER MOBILITY, INC.

    
      

       

      

    

    This
      Supplemental Agreement V to the Invacare Retirement Savings Plan (the “Plan”)
      relating only to certain Participants as set forth herein, is effective as
      of
      January 1, 2008.

    SECTION
      I-A

    DEFINITIONS

     

    V.A.1.                      
      Definitions.  The
      following terms, when used herein, unless their context clearly indicates
      otherwise, shall have the following respective meanings:

    
      	
               

            	
              (a)

            	
              The
                word “Roadrunner” shall mean Roadrunner Mobility, Inc.
                

            

    

    

    
      	
               

            	
              (b)

            	
              The
                words “Roadrunner Employee” shall mean an Employee who was employed by
                Roadrunner as of the date Roadrunner became an Affiliate, and is
                a Covered
                Employee as provided in Section 2.16 of the Plan.
                

            

    

    

    SECTION
      I-B

    SERVICE

    

    V.B.1.                      
      Service.  A
      Roadrunner Employee’s Service shall be his Service as determined under Section
      2.50 of the Plan including periods of employment with Roadrunner prior to the
      date Roadrunner became an Affiliate.

    SECTION
      I-C

    ELIGIBILITY
      AND
      PARTICIPATION

    I.C.1. Election
      To Participate;
      Automatic Participation.  A Roadrunner Employee who becomes a
      Covered Employee on January 1,  2008, shall be provided written
      notification of the Plan’s enrollment procedures and shall have the option to
      elect to make Salary Deferral Contributions to the Plan or to decline to make
      Salary Deferral Contributions to the Plan at such time and in such manner
      (including in writing, orally, telephonically or electronically) as the
      Administrator may determine.  Salary Deferral Contributions shall
      commence as soon as practicable following the Administrator’s receipt of a
      Participant’s election to contribute.  In the event that such an
      employee fails to elect not to participate, the automatic contribution
      provisions of Section 4.3 of the Plan shall be applied to such employee as
      if
      his Date of Hire is the date Roadrunner became an Affiliate.exhibit10i.htm

    Exhibit
      10(i)

    

                                  INVACARE
      CORPORATION

    

                          401(K)
      PLUS BENEFIT EQUALIZATION PLAN

    

                   (As
      amended and restated effective January 1, 2003)

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

                                  INVACARE
      CORPORATION

                          401(K)
      PLUS BENEFIT EQUALIZATION PLAN

                   (As
      amended and restated effective January 1, 2003)

    

    

    Table
      of
      Contents

    

      
        	 	 	
                Page

              
	
                Article
                  I INTRODUCTION

              	
                1

              
	 	
                1.1      Name
                  of Plan

              	
                1

              
	 	
                1.2      Purposes
                  of Plan

              	
                1

              
	 	
                1.3      "Top
                  Hat" Pension Benefit Plan

              	
                1

              
	 	
                1.4      Plan
                  Unfunded

              	
                1

              
	 	
                1.5      Effective
                  Date

              	
                1

              
	 	
                1.6      Administration

              	
                1

              
	 	 	 
	
                Article
                  II DEFINITIONS AND CONSTRUCTION

              	
                2

              
	 	
                2.1      Definitions

              	
                2

              
	 	
                2.2      Number
                  and Gender

              	
                5

              
	 	
                2.3      Headings

              	
                5

              
	 	 	 
	
                Article
                  III PARTICIPATION AND ELIGIBILITY

              	
                6

              
	 	
                3.1      Participation

              	
                6

              
	 	
                3.2      Commencement
                  of Participation

              	
                6

              
	 	
                3.3      Cessation
                  of Active Participation

              	
                6

              
	 	 	 
	
                Article
                  IV DEFERRALS, MATCHING & PROFIT SHARING CONTRIBUTIONS

              	
                7

              
	 	
                4.1      Deferrals
                  by Participants

              	
                7

              
	 	
                4.2      Effective
                  Date of Participation and Deferral Election Form

              	
                7

              
	 	
                4.3      Modification
                  or Revocation of Election by Participant

              	
                7

              
	 	
                4.4      Matching
                  Contributions

              	
                8

              
	 	
                4.5      Make
                  Whole Contributions

              	
                8

              
	 	
                4.6      Discretionary
                  Contributions

              	
                8

              
	 	
                4.7      Hardship
                  Distribution Under 401(k) Plan

              	
                8

              
	 	 	 
	
                Article
                  V VESTING, DEFERRAL PERIODS AND EARNINGS ELECTIONS

              	
                9

              
	 	
                5.1      Vesting

              	
                9

              
	 	
                5.2      Deferral
                  Periods

              	
                9

              
	 	
                5.3      Earnings
                  Elections

              	
                9

              

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Table
        of
        Contents

      
        	 	 	
                Page

              
	
                Article
                  VI ACCOUNTS

              	
                10

              
	 	
                6.1      Establishment
                  of Bookkeeping Accounts

              	
                10

              
	 	
                6.2      Subaccounts

              	
                10

              
	 	
                6.3      Hypothetical
                  Nature of Accounts

              	
                10

              
	 	 	 
	
                Article
                  VII PAYMENT OF ACCOUNT

              	
                11

              
	 	
                7.1      Timing
                  of Distribution of Benefits

              	
                11

              
	 	
                7.2      Adjustment
                  for Investment Gains and Losses Upon a Distribution

              	
                12

              
	 	
                7.3      Form
                  of Payment or Payments

              	
                12

              
	 	
                7.4      Accelerated
                  Distribution

              	
                12

              
	 	
                7.5      Designation
                  of Beneficiaries

              	
                13

              
	 	
                7.6      Amendments

              	
                13

              
	 	
                7.7      Change
                  in Marital Status

              	
                13

              
	 	
                7.8      No
                  Beneficiary Designation

              	
                14

              
	 	
                7.9      Unclaimed
                  Benefits

              	
                14

              
	 	
                7.10     Hardship
                  Withdrawals

              	
                14

              
	 	
                7.11     Withholding

              	
                14

              
	 	 	 
	
                Article
                  VIII ADMINISTRATION

              	
                15

              
	 	
                8.1      Committee

              	
                15

              
	 	
                8.2      General
                  Powers of Administration

              	
                15

              
	 	
                8.3      Indemnification
                  of Committee

              	
                15

              
	 	 	 
	
                Article
                  IX DETERMINATION OF BENEFITS, CLAIMS PROCEDURE AND
                  ADMINISTRATION

              	
                16

              
	 	
                9.1      Claims

              	
                16

              
	 	
                9.2      Claim
                  Decision

              	
                16

              
	 	
                9.3      Request
                  for Review

              	
                16

              
	 	
                9.4      Review
                  of Decision

              	
                17

              
	 	
                9.5      Discretionary
                  Authority

              	
                18

              
	 	 	 
	
                Article
                  X MISCELLANEOUS

              	
                19

              
	 	
                10.1     Plan
                  Not a Contract of Employment

              	
                19

              
	 	
                10.2     Non-Assignability
                  of Benefits

              	
                19

              
	 	
                10.3     Amendment
                  and Termination

              	
                19

              
	 	
                10.4     Unsecured
                  General Creditor Status Of Employee

              	
                20

              
	 	
                10.5     Severability

              	
                20

              
	 	
                10.6     Governing
                  Laws

              	
                20

              
	 	
                10.7     Binding
                  Effect

              	
                20

              
	 	
                10.8     Entire
                  Agreement

              	
                20

              
	 	
                10.9     No
                  Guaranty of Tax Consequences

              	
                20

              

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

                                  INVACARE
      CORPORATION

                          401(K)
      PLUS BENEFIT EQUALIZATION PLAN

                   (As
      amended and restated effective January 1, 2003)

    

    

    

                                       Article
      I

                                      INTRODUCTION

    

    1.1      Name
      of Plan.

    

              Invacare
      Corporation (the "Company") hereby amends in its entirety and

         restates
      the Invacare  Corporation  401(k) Plus
      Benefit  Equalization  Plan

         (the
      "Plan").

    

    1.2      Purposes
      of Plan.

    

              The
      purposes of the Plan are to
      provide  deferred  compensation  for
      a

         select
      group of management or highly  compensated  Employees of the
      Company

         and
      to  provide  eligible  Employees  the  opportunity  to  maximize  their

         elective
      contributions to the Invacare Retirement Savings Plan (the "401(k)

         Plan")
      notwithstanding certain limitations in the Code.

    

    1.3      "Top
      Hat" Pension Benefit Plan.

    

              The
      Plan is an "employee  pension  benefit plan" within the
      meaning of

         ERISA
      Section 3(2). The Plan is maintained,  however, for a select group
      of

         management
      or highly compensated  employees and, therefore,  is exempt
      from

         Parts
      2, 3 and 4 of Title 1 of ERISA.  The Plan is not  intended
      to qualify

         under
      Code Section 401(a).

    

    1.4      Plan
      Unfunded.

    

              The
      Plan is  unfunded.  All  benefits  will
      be paid  from the  general

         assets
      of the Company,  which will  continue to be subject to the
      claims of

         the  Company's  creditors.  No
      amounts will be set aside for the benefit of

         Plan
      Participants or their Beneficiaries.

    

    1.5      Effective
      Date and Restatement Date.

    

              The
      Plan was originally effective as of March 1, 1994. The amended and

         restated
      Plan is effective as of the Restatement Date.

    

    1.6      Administration.

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    

              The
      Plan shall be administered  by the Committee or its
      delegates,  as

         set
      forth in Section 8.1.

    

                                       Article
      II

                              DEFINITIONS
      AND CONSTRUCTION

    

    2.1      Definitions.

    

              For
      purposes of the Plan,  the following  words and phrases
      shall have

         the  respective  meanings
      set forth
      below,  unless  their  context  clearly

         requires
      a different meaning:

    

              (a)
      "Account" means the bookkeeping  account maintained by the
      Company

         on
      behalf of each Participant pursuant to Section 6.1.

    

              (b)
      "Base Salary" means the base rate of cash
      compensation,  including

         commissions,
      paid by the Company to or for the benefit of a Participant for

         services  rendered
      or labor performed  while a Participant,  including
      base

         pay
      a  Participant  could have  received  in
      cash in lieu of (A)  deferrals

         pursuant  to
      Section  4.1 and (B)  contributions  made on his
      behalf to any

         qualified  plan  maintained
      by the Company or to any  cafeteria  plan under

         Section
      125 of the Code maintained by the Company.

    

              (c)
      "Base Salary  Deferral" means the amount of
      a  Participant's  Base

         Salary
      which the Participant elects to have withheld on a pre tax basis
      and

         credited
      to his Account pursuant to Section 4.1.

    

              (d)  "Beneficiary"  means
      the  person  or  persons  designated  by
      the

         Participant  in  accordance  with  Section  7.5
      or,  in the  absence  of an

         effective
      designation, the person or entity described in Section 7.8.

    

              (e)
      "Board" means the Board of Directors of the Company.

    

              (f)
      "Bonus Compensation" means the amount awarded to a Participant for

         a
      Plan Year under any bonus arrangement maintained by the Company.

    

              (g)  "Bonus  Deferral"  means  the  amount  of
      a  Participant's  Bonus

         Compensation  which
      the  Participant  elects to have  withheld on a
      pre tax

         basis
      and credited to his Account pursuant to Section 4.1.

    

              (h)
      "Change In Control"  means the  happening of any of
      the  following

         events:

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

                   (i)
      Any person or entity (other than any employee benefit plan or

              employee
      stock ownership plan of Invacare  Corporation,  or any
      person

              or  entity   organized,   appointed,   or   established   by  Invacare

              Corporation,  for
      or pursuant to the terms of any such plan), alone or

              together  with  any
      of  its  Affiliates  or  Associates,  becomes  the

              Beneficial  Owner  of  thirty  percent  (30%)  or  more  of
      the  total

              outstanding
      voting power of Invacare Corporation,  as reflected by
      the

              power  to
      vote
      in  connection  with  the  election  of  directors,  or

              commences  or
      publicly  announces an intent to commence a tender offer

              or
      exchange offer the consummation of which would result in the Person

              becoming
      the  Beneficial  Owner of thirty percent (30%) or more of
      the

              total
      outstanding voting power of Invacare Corporation as reflected by

              the
      power to vote in connection  with the election
      of  directors.  For

              purposes  of  this   Section   2.1(h)(i),   the  terms   "Affiliates,"

              "Associates,"
      and "Beneficial Owner" will have the meanings given them

              in
      the Rights Agreement,  dated as of April 2, 1991,  between
      Invacare

              Corporation  and
      National City Bank, as Rights Agent,  as amended from

              time
      to time.

    

                   (ii)
      At any time during a period of twenty-four  (24)
      consecutive

              months,  individuals
      who were directors at the beginning of the period

              no
      longer  constitute  a majority of the members of the
      Board,  unless

              the  election,   or  the  nomination  for  election  by  the  Invacare

              Corporation's
      shareholders, of each director who was not a director at

              the  beginning
      of the period is approved by at least a majority of the

              directors  who
      are in office at the time of the election or nomination

              and
      were  either  directors  at
      the  beginning  of the  period  or
      are

              continuing
      directors.

    

                   (iii)
      A record date is established
      for  determining  shareholders

              entitled
      to vote upon:

    

                        (A)
      A merger or  consolidation  of the
      Invacare  Corporation

                   with
      another  corporation  (which is not an affiliate of
      Invacare

                   Corporation)  in
      which Invacare  Corporation is not the surviving

                   or
      continuing  company or in which all or part of the
      outstanding

                   common  shares
      are to be converted  into or  exchanged  for
      cash,

                   securities,
      or other property;

    

                        (B)
      a sale or other  disposition of all or substantially all

                   of
      the assets of Invacare Corporation; or

    

                        (C)  the   dissolution  or  liquidation   (but  not  partial

                   liquidation)
      of Invacare Corporation.

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    

              (i)
      "Code" means the Internal Revenue Code of 1986, as amended.

    

              (j)
      "Committee" means the administrative committee named to administer

         the
      Plan pursuant to Section 8.1.

    

              (k)
      "Company" means Invacare Corporation and any successor thereto.

    

              (l)
      "Deferral Period" means the period of time for which a Participant

         elects
      to defer receipt of the Base Salary  Deferrals  and
      Bonus  Deferrals

         credited
      to such Participant's Account.  Deferral Periods shall be
      measured

         on
      the basis of Plan  Years,  beginning  with the
      Plan Year that  commences

         immediately  following
      the Plan Year for which the  applicable  Base
      Salary

         Deferrals
      and Bonus Deferrals are credited to the Participant's Account.

    

              (m)
      "Directors" means the Board of Directors of the Company.

    

              (n)
      "Discretionary Contribution" means the Company's
      contribution,  if

         any,
      made pursuant to Section 4.6.

    

              (o)
      "Restatement Date" means January 1, 2003, except where a different

         date
      is specifically set forth. In addition, Section 4.7 and Article IX
      are

         each
      effective January 1, 2002.

    

              (p)
      "Employee" means any common-law employee of the Company.

    

              (q)
      "ERISA" means the Employee Retirement Income Security Act of 1974,

         as
      amended.

    

              (r)
      "401(k)  Plan" means
      the  Invacare  Retirement  Savings  Plan,  as

         amended
      from time to time.

    

              (s)
      "IQC Quarterly Employer  Contribution"  means a contribution
      equal

         to
      the  contribution  that would  have been made to
      the  401(k)  Plan for a

         Participant  but
      for the  limitation on  compensation  contained in
      Section

         401(a)(17)
      of the Code. Make Whole Contributions commenced as of January 1,

         2001.

    

              (t)  "Matching  Contribution"  means
      the amount,  as determined by the

         Company
      on an annual  basis,  that would be credited  to
      the  Participant's

         Base  Salary  Deferrals  and
      Bonus  Deferrals  if
      such  deferrals  had been

         deferred
      by the Participant  into the 401(k) Plan, which is credited by
      the

         Company
      to the Account of each Participant based on such Participant's Base

         Salary
      and Bonus Deferrals.

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

     

              (u)  "Participant"  means  each  Employee  who
      has been  selected  for

         participation  in
      the Plan and who has  become
      a  Participant  pursuant  to

         Article
      III.

    

              (v)  "Participation  and  Deferral  Election  Form"  means
      the written

         agreement  pursuant
      to which the Participant  elects the amount of his Base

         Salary
      and/or his Bonus  Compensation to be deferred  pursuant to
      the Plan,

         the
      Deferral Period,  if any, the deemed investment of amounts deferred
      and

         the
      time and form of payment of such amounts and such other  matters as
      the

         Committee
      shall determine from time to time.

    

              (w)  "Plan"  means  the  Invacare   Corporation  401(k)  Plus  Benefit

         Equalization
      Plan, as in effect on the Restatement Date and as amended from

         time
      to time hereafter.

    

              (x)
      "Plan Year" means the  twelve-consecutive  month period
      commencing

         January
      1 of each year ending on the following December 31.

    

              (y)  "Profit  Sharing  Contribution"  means  the  amount,  if
      any,  as

         determined
      by the Company of non-elective  non-matching  contribution
      which

         would
      have been made for or  allocated  to
      a  Participant  under the 401(k)

         Plan
      for a Plan  Year,  but which is not made
      or  allocated  because of the

         limitation  on  compensation  which
      may be taken  into  account  under
      Code

         Section  401(a)(17)  and/or
      the  Participant's  participation in this Plan.

         Annual  Profit  Sharing  Contributions  ceased  as
      of  December  31,  2000.

         "Retirement"  means
      the  termination of employment  after the attainment
      of

         age  fifty-five  (55)
      and  upon  completion  of ten  (10) or
      more  years of

         service.

    

              (z)  "Retirement"  means  the  termination  of  employment  after  the

         attainment
      of age fifty-five  (55) and upon  completion of ten (10) or
      more

         years
      of service.

    

              (aa)  "Valuation  Date"
      means the last  business day of each  calendar

         month
      and each special valuation date designated by the Committee.

    

              (bb)
      "Years of Service"  shall have the same  meaning as in the
      401(k)

         Plan.

    

    2.2      Number
      and Gender.

    

              Wherever  appropriate  herein,  words  used
      in the  singular  shall be

         considered  to
      include  the  plural  and words used in the
      plural  shall be

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

         considered
      to include the singular.  The masculine gender,  where
      appearing

         in
      the Plan, shall be deemed to include the feminine gender.

    

    2.3      Headings.

    

              The
      headings of Articles and Sections  herein are
      included  solely for

         convenience,  and
      if there is any conflict  between  such  headings
      and the

         rest
      of the Plan, the text shall control.

    

                                      Article
      III

                              PARTICIPATION
      AND ELIGIBILITY

    

    3.1      Participation.

    

              Participants  in
      the Plan are those  Employees  who are (a) subject
      to

         the
      income tax laws of the United States,  (b) members of a select group
      of

         highly
      compensated or management Employees of the Company, and (c)
      selected

         by
      the Committee or its delegates, in its sole discretion, as
      Participants.

         The  Committee  shall  notify  each  Participant  of  his  selection  as  a

         Participant.

    

    3.2
      Commencement of Participation.

    

              Except
      as provided in the following sentence, an Employee shall become

         a
      Participant  effective as of the first day of the Plan Year following
      the

         date  on  which  his  Participation  and  Deferral  Election  Form  becomes

         effective.  A
      newly  hired  Employee  who  completes  a  Participation  and

         Deferral  Election
      Form within 30 days of the date on which his  employment

         commences  shall  become  a  Participant  as  of  the  date  on  which  his

         Participation  and
      Deferral  Election Form becomes  effective under
      Section

         4.2.

    

    3.3      Cessation
      of Active Participation.

    

              Notwithstanding  any
      provision  herein to the contrary,  an
      individual

         who
      has become a  Participant  in the Plan shall cease to be
      a  Participant

         hereunder  effective
      as of any date  designated  by
      the  Committee.  In the

         event
      of such cessation, the last four sentences of Section 4.1 shall
      apply

         as
      if such  cessation  had  been
      a  termination  of  employment.  Any  such

         Committee  action
      shall be  communicated to such  Participant  prior
      to the

         effective
      date of such action.

     

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

                                       Article
      IV

                   DEFERRALS,
      MATCHING & PROFIT SHARING CONTRIBUTIONS

    

    4.1      Deferrals
      by Participants.

    

              Before
      the first day of each Plan
      Year,  a  Participant  may file with

         the
      Committee a Participation  and Deferral Election Form pursuant to
      which

         such  Participant  elects  to  make  Base  Salary  Deferrals  and/or  Bonus

         Deferrals.  Any
      such Participant  election shall be subject to a maximum
      of

         fifty
      percent (50%) of Base Salary and one hundred  percent (100%) of
      Bonus

         Compensation,
      an annual minimum of two thousand dollars ($2000), and to any

         other
      rules prescribed by the Committee in its sole discretion. Base
      Salary

         Deferrals  will
      be credited to the  Account of
      each  Participant  as of the

         last
      day of each calendar  month, if and to the extent that the
      Participant

         earned  such
      Base  Salary as an  Employee  in
      such  calendar  month.  Bonus

         Deferrals  will
      be credited to the  Account of
      each  Participant  as of the

         last
      day of the month in which such Bonus Compensation otherwise would
      have

         been
      paid to the  Participant in cash,  provided that the
      Participant is an

         Employee  at
      the time
      such  Bonus  Compensation  would  have
      been  paid.  A

         Participant  whose  employment  terminates  prior
      to or during the calendar

         month
      in which his Bonus  Compensation  would have been paid to
      him in cash

         will
      be paid his Bonus  Deferral in
      cash.  Such  termination  of
      employment

         shall
      not affect  Base  Salary  Deferrals  and
      Bonus  Deferrals  previously

         credited
      to the Account of a Participant whose employment terminates.

    

    4.2      Effective
      Date of Participation and Deferral Election Form.

    

              A
      Participant's  annual Participation and Deferral Election Form
      shall

         become
      effective on the first day of the Plan Year to which it relates.
      The

         Participation  and  Deferral  Election  Form
      of  Employees  who  are  first

         employed
      by the Company during a Plan Year shall become effective as of the

         first
      401(k) Plan enrollment date following his date of employment on
      which

         the  Employee
      is eligible to  participate  in the 401(k)
      Plan  provided the

         Participation  and
      Deferral  Election Form is completed prior to that date.

         If
      a Participant  fails to complete a Participation  and
      Deferral  Election

         Form
      before the first day of the Plan Year in which  Participant shall
      earn

         the  compensation  to
      which the  Participation  and Deferral  Election
      Form

         relates
      or if a newly hired  Employee  fails to complete
      the  Participation

         and
      Deferral  Election Form prior to the first 401(k)
      Plan  enrollment date

         following
      his date of hire, the  Participant  or
      Employee,  as the case may

         be,  shall
      be deemed to have  elected  not to
      make  Base  Salary  Deferrals

         and/or
      Bonus Deferrals for such Plan Year.

    

    4.3      Modification
      or Revocation of Election by Participant.

    

              A  Participant  may  change  the  amount  of
      his Base  Salary or Bonus

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

         Deferrals  during
      a Plan Year as of the first day of each calendar  quarter

         provided  that  such  change  is
      made no  later  than  the
      day  immediately

         preceding  the
      first day of the  calendar  quarter or unless
      the  Committee

         determines
      that he has suffered a severe, sudden and unforeseeable hardship

         as
      is more fully described in Section 7.10.  Under
      no  circumstances  may a

         Participant's
      Participation and Deferral Election Form be made, modified or

         revoked
      retroactively.

    

      4.4      Matching
      Contributions.

    

              Each
      Participant who elects to make Base Salary and/or Bonus Deferrals

         to
      the Plan and who has  completed  at least six (6) months of
      service will

         receive
      a Matching Contribution equal to a certain percentage of the sum of

         Participant's  Base
      Salary and Bonus Deferrals.  The
      Matching  Contribution

         percentage  to
      be  contributed  to the Plan shall be equal to
      the  matching

         contribution
      percentage provided in the 401(k) Plan. Matching Contributions

         will
      be  credited  to
      the  Participant's  Account as of the last day of
      the

         calendar
      month in which the Base Salary and/or Bonus Deferrals to which the

         Matching
      Contributions relate are credited to the Participant's Account.

    

    4.5      IQC
      Quarterly Employer Contributions.

    

              For
      each calendar  quarter,  the Account of each
      Participant  shall be

         credited
      with such Make Whole Contribution, if any, to which he is entitled

         under
      Section 2.1(s).

    

    4.6      Discretionary
      Contributions.

    

              For
      each Plan Year, the Account of each Participant  shall be
      credited

         with
      such  Discretionary  Contribution,  if
      any,  as is  determined  by the

         Company
      for such Plan Year.

    

    4.7      Hardship
      Distribution Under 401(k) Plan.

    

              If  required  by
      the  terms of
      the  401(k)  Plan,  a  Participant  who

         receives  a  hardship  distribution  under  the  401(k)  Plan  shall
      not be

         eligible
      to make  deferrals for a six (6) month period after receipt of
      the

         hardship
      distribution.

    

                                       Article
      V

                    VESTING,
      DEFERRAL PERIODS AND EARNINGS ELECTIONS

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    5.1      Vesting.

    

              A  Participant  shall
      be 100% vested at all times in the amount of his

         Account  which
      is  attributable  to
      Base  Compensation  Deferrals and Bonus

         Deferrals.
      Matching Contributions, IQC Quarterly Employer Contributions and

         Profit
      Sharing Contributions shall vest in accordance with the terms of
      the

         401(k)
      Plan. Discretionary  Contributions shall vest in accordance with
      the

         Company's  determination  which
      shall be made when such  contributions  are

         made.  Notwithstanding
      the foregoing,  all
      Matching  Contributions,  Profit

         Sharing  Contributions,   Discretionary  Contributions  and  IQC  Quarterly

         Employer  Contributions  shall
      be 100% vested  immediately upon a Change in

         Control.  Any  provisions  of
      the Plan  relating to the  distribution  of
      a

         Participant's  Account
      shall mean only the vested  portion of such Account.

         Since
      the Plan is unfunded, the portion of a Participant's Account which
      is

         not
      vested and therefore  not  distributed  with the
      vested  portion of his

         Account  shall  remain  property  of
      the Company  and not
      be  allocated  to

         Accounts
      of other Participants or otherwise inure to their benefit.

    

    5.2      Deferral
      Periods.

    

              A
      Deferral  Period may be (a) for any period of five (5) years or
      more

         but
      may not end later than the year in which
      the  Participant  would attain

         age  70  or  (b)  until  a  Participant's   termination  of  employment.  A

         Participant
      must specify on the  Participation  and
      Deferral  Election Form

         the
      Deferral Period for the Base Salary Deferrals and Bonus Deferrals to
      be

         made
      to the Plan for the Plan Year to which the  Participation and
      Deferral

         Election
      Form  relates,  subject to
      the  provisions  of Section  7.1(a)
      and

         rules  determined  by
      the  Committee  from  time
      to  time.  In the  event a

         Participant  does
      not elect a Deferral Period for any Base Salary Deferrals

         or
      Bonus  Deferrals for a Plan
      Year,  such  Participant  shall be deemed
      to

         have
      elected a Deferral Period of five (5) years. If the Participant
      elects

         a
      period of years (option (a)) and is entitled to
      a  distribution  pursuant

         to  such  election  prior  to
      the  events  listed  in  Sections  7.1(b)(i),

         7.1(b)(ii),  and
      7.1(b)(iii),  distribution pursuant to such election
      shall

         not  include   Matching   Contributions,   Profit  Sharing   Contributions,

         Discretionary  Contributions  and
      Make Whole  Contributions and earnings on

         those
      amounts. Any such distribution must be in a lump sum.

    

    5.3      Earnings
      Elections.

    

              Amounts  credited  to
      a  Participant's  Account  shall
      be  credited or

         charged
      with earnings and losses based on hypothetical  investments
      elected

         by  the   Participant.   A  Participant  may  elect  different   investment

         allocations
      for new  contributions  (contributions  made by
      the Participant

         and
      by the Company) and existing Account  balances.  Only whole
      percentages

         may
      be  elected,  and the
      total  elections  must  allocate  100%
      of all new

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

         contributions  and  100%  of  all  existing  Account  balances.  Investment

         elections  may
      be changed  once per calendar  quarter,  effective
      as of the

         first
      day of such quarter,  by written  direction given at least
      seven days

         before
      the start of such quarter. The hypothetical  investment
      alternatives

         and
      the procedures relating to the election of such investments, other
      than

         those
      set forth in this Section 5.3,  shall be  determined by the
      Committee

         from
      time to
      time.  A  Participant's  Account  shall
      be adjusted as of each

         Valuation
      Date to reflect investment gains and losses.

    

                                       Article
      VI

                                        ACCOUNTS

    

    6.1      Establishment
      of Bookkeeping Accounts.

    

              A  separate   bookkeeping   Account  shall  be  maintained   for  each

         Participant.  Such
      account shall be credited with the Base Salary Deferrals

         and
      Bonus  Deferrals  made by
      the  Participant  pursuant  to  Section  4.1,

         Matching  Contributions  made
      by the Company  pursuant to Section  4.4, IQC

         Quarterly   Employer   Contributions   made   pursuant   to  Section   4.5,

         Discretionary
      Contributions made pursuant to Section 4.6 and Profit Sharing

         Contributions,
      if any, made prior to January 1, 2001, credited (or charged,

         as
      the case may be) with
      the  hypothetical  investment  results  determined

         pursuant
      to Section  5.3, and
      charged  with  distributions  made to or
      with

         respect
      to a Participant.

    

    6.2      Subaccounts.

    

              Within
      each
      Participant's  bookkeeping  Account,  separate
      subaccounts

         shall
      be maintained to the extent necessary for
      the  administration  of the

         Plan.

    

    6.3      Hypothetical
      Nature of Accounts.

    

              The
      Account established under this Article VI shall be hypothetical in

         nature
      and shall be maintained for bookkeeping  purposes only, so that
      Base

         Salary
      Deferrals,  Bonus Deferrals,  Matching
      Contributions,  Discretionary

         Contributions,  IQC
      Quarterly  Employer  Contributions  and
      Profit  Sharing

         Contributions  can
      be credited to the  Participant and so that earnings and

         losses
      on such amounts so credited can be credited (or charged, as the
      case

         may
      be).  Neither the Plan nor any of the Accounts
      (or  subaccounts)  shall

         hold
      any actual funds or assets.  The right of any person to receive one
      or

         more  payments  under
      the Plan  shall be
      an  unsecured  claim  against  the

         general  assets  of  the  Company.  Any  liability  of
      the  Company  to any

         Participant,  former
      Participant, or Beneficiary with respect to a right to

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

         payment
      shall be based solely upon contractual  obligations  created
      by the

         Plan.
      Neither the Company,  the Board, nor any other person shall be
      deemed

         to
      be a trustee of any amounts to be paid under the Plan. Nothing
      contained

         in
      the Plan, and no action taken pursuant to
      its  provisions,  shall create

         or
      be construed to create a trust of any kind, or a fiduciary
      relationship,

         between
      the Company and a Participant, former Participant,  Beneficiary,
      or

         any
      other person.

    

                                      Article
      VII

                                   PAYMENT
      OF ACCOUNT

    

    7.1      Timing
      of Distribution of Benefits.

    

              (a)   Distribution   of  Contribution  to  401(k)  Plan.  As  soon  as

         practicable,
      but in no event later than March 15 of the Plan Year following

         the
      Plan Year for which
      the  Participant  executed  the  Participation  and

         Deferral
      Election Form, the lesser of.

    

                   (i)
      the allowable  before-tax  contribution  which may
      be made on

              behalf
      of the  Participant  to
      the  401(k)  Plan for the Plan Year for

              which
      the Participant executed the Participation and Deferral Election

              Form,
      and

    

                   (ii)
      the sum of the Base Salary  Deferral and the
      Bonus  Deferral

              for
      the Plan Year for which the Participant executed the Participation

              and
      Deferral Election Form,

    

         shall
      be paid directly to  Participant
      as  compensation  earned in the Plan

         Year
      for which
      the  Participant  executed  the  Participation  and
      Deferral

         Election  Form,  unless
      the  Participant  previously  elected  (in
      both the

         Participation  and
      Deferral Election Form and his 401(k) Plan elections) to

         have
      such amount  contributed to the 401(k) Plan as an
      elective  before-tax

         contribution.

    

         If
      the  Participant  elected to have such
      amount  contributed to the 401(k)

         Plan
      as an elective before-tax  contribution,  such amount
      together with an

         amount
      equal to the applicable Matching  Contributions shall be
      transferred

         directly  to  the  Participant's   Account  in  the  401(k)  Plan  and  the

         appropriate   subaccounts  of   Participant's   Account  shall  be  charged

         accordingly.  Notwithstanding  the  preceding,  the  Plan  shall  not  make

         distributions  to
      the  Participant  or the  401(k)  Plan
      in  excess  of the

         Participant's  Account  balance.  Distributions  pursuant  to
      this  Section

         7.1(a)
      may be made in one or more  installments  in the
      sole  discretion of

         the
      Committee.

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

     

              (b)
      Distribution  After Deferral Period.  Distribution of that
      portion

         of
      a Participant's  Account which is
      not  distributed  under Section 7.1(a)

         shall
      be made as soon as practicable following the date the Deferral
      Period

         for
      such amounts ends and following the valuation described in Section
      7.2.

         Notwithstanding  the
      foregoing,  the Participant's  entire Account shall
      be

         distributed  to
      him (or his  Beneficiary in the event of his death) as
      soon

         as  practicable  following
      the earliest to occur of the following and after

         the
      valuation described in 7.2:

    

                   (i)
      the Participant's death;

    

                   (ii)
      the  Participant's  permanent  disability (as
      defined in the

              Company's
      long-term disability program); or

    

                   (iii)
      the Participant's termination of employment.

    

    7.2      Adjustment
      for Investment Gains and Losses Upon a Distribution.

    

              Upon
      a distributable event described in Section 7.1(b), the balance of

         a  Participant's  Account  shall
      be  determined  as of
      the  Valuation  Date

         immediately
      following such event.

    

    7.3      Form
      of Payment or Payments.

    

              Except  as  provided  below,  benefits  as
      a result  of death or other

         termination  of  employment  shall  be  paid  in
      the  form  elected  by the

         Participant.  The
      form  elected  shall  apply to
      the  entire  Account.  The

         election  may
      be  amended,  provided  that
      the  amended  election  does not

         increase
      the duration of payments in the previous  election.  Any
      amendment

         to
      the form of benefits  shall be effective  beginning in the
      calendar year

         following
      the  submission  of the  amendment.  If
      a Participant  terminates

         employment
      and qualifies as  "Retirement"  as defined under Section
      2.1(z),

         the
      form of benefit shall be:

    

              (a)
      A
      lump  sum  amount  which  is  equal  to
      the  applicable  Account

         balance;
      or

    

              (b)
      Substantially  equal  installments of the Account amortized
      over a

         period
      of five (5),  ten (10)
      or  fifteen  (15)  years or
      sixty  (60),  one

         hundred
      twenty (120), or one hundred eighty (180) months.  Gains and
      losses

         on
      the unpaid  balance  shall  continue  to
      be  credited  or charged to the

         Account
      in accordance with the provisions of Section 5.3. The amount of the

         installments  payable  may
      be changed  periodically  to
      reflect  investment

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

         results.

    

              Notwithstanding  the  form  elected,   if  a  Participant   terminates

         employment  prior
      to qualifying for  "Retirement"  as defined under
      Section

         2.1(z)  or
      if
      the  Participant's  total  Account  is
      no  more  than  twenty

         thousand  dollars  ($20,000)  on  the  last  Valuation  Date  prior  to
      the

         commencement
      of distribution, the benefit shall be paid in a lump sum.

    

    7.4      Accelerated
      Distribution.

    

              Notwithstanding  any
      other provision of the Plan, a Participant  shall

         be  entitled
      to  receive,  upon  written  request to
      the  Committee  or its

         delegates,  a
      lump sum distribution of his vested Account
      balance,  subject

         to
      the following penalty:

    

              (a)
      If the  distribution is
      requested  within  twenty-four (24) months

         following
      a Change in Control,  five percent  (5%) of the
      Account  shall be

         forfeited  and  ninety-five  percent  (95%)  of  the  Account  paid  to
      the

         Participant.

    

              (b)  If  the  distribution  is  requested  following   termination  of

         employment  and
      the  Account is in
      pay  status,  five  percent  (5%) of
      the

         previously
      unpaid Account shall be forfeited and ninety-five  percent
      (95%)

         of
      the previously unpaid Account paid to the Participant.

    

              (c)
      If the  distribution  is  requested at any time
      other than that in

         (a)
      or
      (b)  above,  five  percent  (5%)  of
      the  vested  Account  shall  be

         forfeited
      and ninety-five percent (95%) of the vested Account shall be paid

         to
      the Participant. The unvested portion of the Account shall be
      forfeited.

    

               The
      Account  balance  shall
      be  determined  as of
      the  Valuation  Date

         immediately  following
      the date on which the Committee receives the written

         request.
      A Participant who receives a distribution under this section shall

         forfeit  participation  in
      the Plan with  regard to his  election  to
      defer

         compensation  for
      the  remainder  of the Plan Year and
      the  following  Plan

         Year.  The
      amount payable under this section shall be paid in a lump sum as

         soon
      as  practical  following  the  receipt  of
      the  Participant's  written

         request
      by the Committee and the valuation of his Account.

    

    7.5      Designation
      of Beneficiaries.

    

              Each  participant  shall
      have the right, at any time, to designate one

         (1)
      or more persons or an entity
      as  Beneficiary  (both  primary as well
      as

         secondary)
      to whom benefits under this Plan shall be paid in the event of a

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

         Participant's  death
      prior to complete  distribution  of
      the  Participant's

         Account.
      Each Beneficiary designation shall be in a written form prescribed

         by
      the Committee  and will be effective  only when filed with
      the Committee

         during
      the Participant's lifetime.  Designation by a married Participant
      of

         a
      Beneficiary  other than the  Participant's  spouse
      shall not be effective

         unless
      the spouse executes a written consent
      that  acknowledges  the effect

         of
      the  designation  and is  witnessed by a
      notary  public,  or the consent

         cannot
      be obtained because the spouse cannot be located.

    

    7.6      Change
      of Beneficiary Designation.

    

              Except
      as provided  below,  any nonspousal  designation
      of Beneficiary

         may
      be changed by a Participant  without the consent of such Beneficiary
      by

         the
      filing of a new  designation  with
      the  Committee.  The filing of a new

         designation
      shall cancel all designations previously filed.

    

    7.7      Change
      in Marital Status.

    

              If
      the Participant's  marital status changes after the Participant
      has

         designated
      a Beneficiary, the following shall apply:

    

              (a)
      If the  Participant is married at death but was unmarried when
      the

         designation
      was made, the  designation  shall be void unless the spouse
      has

         consented
      to it in the manner prescribed above.

    

              (b)
      If the  Participant is unmarried at death but was married when
      the

         designation
      was made:

    

                   (i)The  designation  shall  be
      void if the  spouse  was  named as

              Beneficiary.

    

                   (ii)The  designation  shall  remain  valid  if  a  nonspouse

              Beneficiary
      was named.

    

              (c)
      If the  Participant  was married when the designation was
      made and

         is
      married to a different  spouse at death,  the
      designation  shall be void

         unless
      the new spouse has consented to it in the manner prescribed above.

     

    7.8      No
      Beneficiary Designation.

    

              If
      any  Participant  fails to  designate
      a  Beneficiary  in the manner

         provided
      above, or if the Beneficiary  designated by a deceased
      Participant

         dies  before  the  Participant  or  before  complete  distribution  of  the

         Participant's  benefits,
      the Participant's  Beneficiary shall be the person

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

         in
      the first of the following classes in which there is a survivor:

    

              (a)
      The Participant's surviving spouse;

    

              (b)
      The Participant's  children in equal shares, except that if any
      of

         the
      children  predeceases the Participant but leaves issue
      surviving,  then

         such
      issue shall take by right of representation the share the parent
      would

         have
      taken if living;

    

              (c)
      The Participant's parents;

    

              (d)
      The Participant's estate.

    

    

    7.9      Unclaimed
      Benefits.

    

              In
      the case of a benefit  payable on behalf of
      a  Participant,  if the

         Committee
      is unable to locate the  Participant  or Beneficiary to whom
      such

         benefit
      is payable,  such benefit may be forfeited to the Company, upon
      the

         Committee's
      determination.  Notwithstanding the foregoing, if subsequent
      to

         any
      such  forfeiture the Participant or Beneficiary to whom such benefit
      is

         payable
      makes a valid claim for such benefit,  such forfeited benefit
      shall

         be
      paid by the Company or restored to the Plan by the Company.

    

    7.10     Hardship
      Withdrawals.

    

              A  Participant  may
      apply in writing  to
      the  Committee  for,  and the

         Committee  may  permit,  a  hardship  withdrawal  of
      all or any  part  of a

         Participant's  Account  derived
      from Base Salary and Bonus Deferrals if the

         Committee,  in
      its sole  discretion,  determines  that
      the  Participant has

         incurred
      a severe financial hardship resulting from a sudden and unexpected

         illness
      or accident  of the  Participant  or of a
      dependent  (as defined in

         section
      152(a) of the Code) of the Participant,  loss of
      the  Participant's

         property
      due to casualty,  or other similar extraordinary and
      unforeseeable

         circumstances  arising  as
      a result of
      events  beyond  the  control  of
      the

         Participant,  as  determined  by
      the  Committee,  in its sole
      and  absolute

         discretion.
      The amount that may be withdrawn shall be limited to the amount

         reasonably  necessary
      to relieve the hardship or
      financial  emergency  upon

         which
      the  request is based,  plus
      the  federal  and state taxes due on the

         withdrawal,  as  determined
      by the  Committee.  The Committee may require a

         Participant  who
      requests a hardship  withdrawal to submit such evidence
      as

         the
      Committee,  in its sole  discretion,  deems
      necessary or appropriate to

         substantiate  the  circumstances  upon
      which the  request is based.  In the

         event
      of a
      hardship  withdrawal,  a  Participant  shall
      not be permitted to

         make  deferrals
      for the  remainder of the Plan Year and the
      following  Plan

         Year

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    

    7.11     Withholding.

    

              All
      deferrals and  distributions  shall be subject to legally
      required

         income
      and employment tax withholding. Article VIII ADMINISTRATION

    

                                      Article
      VIII

                                     ADMINISTRATION

    8.1      Committee.

    

              The
      Plan shall be administered by a Committee, which shall include the

         Senior
      Vice President of Human Resources and the
      Chief  Financial  Officer.

         The  Committee  shall  be  responsible   for  the  general   operation  and

         administration
      of the Plan and for carrying out the provisions thereof. The

         Committee  may
      delegate to others  certain  aspects of
      the  management  and

         operational  responsibilities  of
      the  Plan  including  the  employment  of

         advisors
      and the delegation of ministerial duties to qualified individuals,

         provided
      that such delegation is in writing. No member of the Committee who

         is
      a Participant  shall participate in any matter relating to his status
      as

         a
      Participant or his rights or entitlement to benefits as a
      Participant.

    

    8.2      General
      Powers of Administration.

    

              The
      Committee shall have all powers necessary or appropriate to enable

         it
      to  carry  out
      its  administrative  duties.  Not
      in  limitation,  but in

         application  of
      the  foregoing,  the  Committee  shall  have  discretionary

         authority
      to construe and  interpret  the Plan
      and  determine all questions

         that  may  arise  hereunder  as
      to
      the  status  and  rights  of  Employees,

         Participants,  and  Beneficiaries.  The  Committee  may
      exercise the powers

         hereby  granted
      in its sole
      and  absolute  discretion.  The  Committee  may

         promulgate
      such  regulations as it deems  appropriate for the operation
      and

         administration  of
      the Plan. No member of the Committee shall be personally

         liable
      for any actions  taken by the Committee  unless the
      member's  action

         involves
      willful misconduct.

    

    8.3      Indemnification
      of Committee.

    

              The
      Company shall  indemnify the members of the
      Committee  against any

         and
      all
      claims,  losses,  damages,  expenses,  including  attorney's  fees,

         incurred  by  them,  and  any  liability,  including  any  amounts  paid
      in

         settlement  with
      their  approval,  arising  from their action or
      failure to

         act,  except
      when the same is judicially  determined to be  attributable
      to

         their
      gross negligence or willful misconduct.

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

                                       Article
      IX

                               DETERMINATION
      OF BENEFITS,

                           CLAIMS
      PROCEDURE AND ADMINISTRATION

    

    9.1      Claims.

    

              A
      Participant, Beneficiary or other person who believes that he or
      she

         is
      being  denied a  benefit  to  which he
      or she is  entitled  (hereinafter

         referred
      to as "Claimant"),  or his or her duly
      authorized  representative,

         may
      file a written  request for such  benefit  with
      the  Committee  setting

         forth
      his or her claim.  The request must be addressed to
      the  Committee at

         the
      Company at its then principal place of business.

    

    9.2      Claim
      Decision.

    

              Upon
      receipt of a claim,  the Committee shall advise the Claimant
      that

         a
      reply  will be  forthcoming  within
      a  reasonable  period  of  time,  but

         ordinarily  not
      later than ninety days,  and shall,  in
      fact,  deliver such

         reply  within
      such  period.  However,  the  Committee  may
      extend the reply

         period
      for an additional  ninety days
      for  reasonable  cause.  If the reply

         period
      will be extended, the Committee shall advise the Claimant in
      writing

         during
      the
      initial  90-day  period  indicating  the  special  circumstances

         requiring  an  extension  and
      the date by which
      the  Committee  expects  to

         render
      the benefit determination.

    

              If
      the claim is denied in whole or in part,  the Committee will
      render

         a
      written  opinion,  using  language  calculated  to
      be  understood  by the

         Claimant,
      setting forth:

    

              (a)
      the specific reason or reasons for the denial;

    

              (b)
      the specific  references 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  as to why such

         material
      or such information is necessary;

    

              (d)  appropriate  information  as
      to  the  steps  to
      be  taken  if the

         Claimant  wishes
      to submit the claim for review,  including a
      statement  of

         the
      Claimant's  right to bring a civil action under Section 502(a) of
      ERISA

         following
      an adverse benefit determination on review; and

    

              (e)
      the time  limits  for  requesting  a
      review  of the  denial  under

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

         Section
      9.3 and for the actual review of the denial under Section 9.4.

    

    9.3      Request
      for Review.

    

              Within  sixty
      days after the  receipt by the  Claimant  of the
      written

         opinion  described  above,  the  Claimant  may
      request in writing  that the

         Senior  Vice  President  of  Human  Resources  of
      the  Company  ("Executive

         Officer")
      review the Committee's prior determination.  Such request must
      be

         addressed  to
      the  Executive  Officer at the Company at its
      then  principal

         place  of   business.   The   Claimant  or  his  or  her  duly   authorized

         representative  may
      submit written  comments,  documents,  records or
      other

         information  relating  to
      the  denied  claim,  which  information  shall
      be

         considered
      in the review under this Section  without regard to whether
      such

         information   was   submitted  or   considered   in  the  initial   benefit

         determination.

     

              The  Claimant
      or his or her
      duly  authorized  representative  shall
      be

         provided,
      upon request and free of charge, reasonable access to, and copies

         of,
      all documents,  records and other information which (i) was relied
      upon

         by
      the Committee in making its initial claims decision, (ii) was
      submitted,

         considered
      or generated in the course of the  Committee  making its
      initial

         claims  decision,  without  regard
      to whether such  instrument was actually

         relied
      upon by the  Committee in making its decision or
      (iii)  demonstrates

         compliance  by  the  Committee  with  its   administrative   processes  and

         safeguards   designed  to  ensure  and  to  verify  that   benefit   claims

         determinations  are
      made in accordance  with  governing  Plan
      documents and

         that,
      where appropriate, the Plan provisions have been applied
      consistently

         with  respect
      to similarly  situated  claimants.  If the
      Claimant  does not

         request  a
      review  of
      the  Committee's  determination  within  such  60-day

         period,  he
      or she shall
      be  barred  and  estopped  from  challenging  such

         determination.

    

    9.4      Review
      of Decision.

    

              Within
      a reasonable  period of time,  ordinarily  not
      later than sixty

         days,  after
      the Executive  Officer's  receipt of a request for
      review,  it

         will
      review the Committee's prior determination.  If
      special  circumstances

         require
      that the sixty-day time period be extended,  the
      Executive  Officer

         will
      so notify the Claimant within the initial 60-day period indicating
      the

         special  circumstances  requiring  an  extension  and
      the date by which the

         Executive
      Officer expects to render its decision on review,  which shall
      be

         as
      soon as  possible  but not  later  than
      120 days  after  receipt  of the

         request
      for review.  In the event that
      the  Executive  Officer  extends the

         determination  period  on  review  due
      to a  Claimant's  failure  to submit

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

         information  necessary
      to decide a claim, the period for making the benefit

         determination
      on review shall not take into account the period beginning on

         the
      date on
      which  notification  of  extension  is
      sent to the Claimant and

         ending  on
      the date on
      which  the  Claimant  responds  to
      the  request  for

         additional
      information.

    

              Benefits  under
      the Plan will be paid  only if
      the  Executive  Officer

         decides
      in its  discretion  that the Claimant is entitled to such
      benefits.

         The
      decision of the Executive  Officer  shall be final
      and  non-reviewable,

         unless
      found to be arbitrary and capricious by a court of competent
      review.

         Such
      decision will be binding upon the Company and the Claimant.

    

              If
      the Executive  Officer makes an
      adverse  benefit  determination  on

         review,
      the Executive Officer will render a written opinion, using language

         calculated
      to be understood by the Claimant, setting forth:

    

              (a)
      the specific reason or reasons for the denial;

    

              (b)
      the specific  references to pertinent Plan provisions on which
      the

         denial
      is based;

    

              (c)
      a statement that the Claimant is entitled to receive, upon request

         and
      free of charge,  reasonable  access  to, and
      copies of, all  documents,

         records
      and other  information  which (i) was relied upon by
      the  Executive

         Officer
      in making its decision, (ii) was submitted, considered or generated

         in
      the course of the Executive Officer making its decision,  without
      regard

         to
      whether  such  instrument  was  actually  relied  upon
      by the  Executive

         Officer
      in making its  decision  or
      (iii)  demonstrates  compliance  by
      the

         Executive
      Officer with its administrative processes and safeguards designed

         to
      ensure and to
      verify  that  benefit  claims  determinations  are
      made in

         accordance
      with governing Plan documents, and that, where
      appropriate,  the

         Plan  provisions
      have been applied  consistently  with respect to
      similarly

         situated
      claimants; and

    

              (d)
      a statement of the Claimant's  right to bring a civil action
      under

         Section
      502(a) of ERISA following the adverse benefit determination on such

         review.

    

    9.5      Discretionary
      Authority.

    

              The  Committee
      and  Executive  Officer  shall both
      have  discretionary

         authority
      to determine a Claimant's  entitlement to benefits upon his
      claim

         or
      his request for review of a denied claim, respectively.

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

                                       Article
      X

                                      MISCELLANEOUS

    

    10.1     Plan
      Not a Contract of Employment.

    

              The
      adoption and  maintenance of the Plan shall not be or be deemed
      to

         be
      a contract between the Company and any person or to be consideration
      for

         the  employment
      of any person.  Nothing herein  contained  shall
      give or be

         deemed
      to give any  person  the right to
      be  retained  in the employ of the

         Company
      or to restrict the right of the Company to discharge  any person
      at

         any
      time;  nor shall  the Plan  give or be deemed to
      give the  Company  the

         right
      to require  any  person to remain in the employ of
      the  Company or to

         restrict
      any person's right to terminate his employment at any time.

    

    10.2     Non-Assignability
      of Benefits.

    

              No
      Participant,  Beneficiary or distributee of benefits under the
      Plan

         shall
      have any power or right to transfer, assign,
      anticipate,  hypothecate

         or  otherwise  encumber
      any part or all of the
      amounts  payable  hereunder,

         which
      are expressly declared to be unassignable
      and  non-transferable.  Any

         such  attempted  assignment
      or transfer  shall be void.  No
      amount  payable

         hereunder
      shall, prior to actual payment thereof,  be subject to seizure
      by

         any
      creditor of any such Participant,  Beneficiary or other distributee
      for

         the
      payment of any debt, judgment, or other obligation,  by a proceeding
      at

         law
      or in equity,  nor transferable by operation of law in the event of
      the

         bankruptcy,  insolvency
      or death of such Participant,  Beneficiary or other

         distributee
      hereunder.

    

    10.3     Amendment
      and Termination.

    

              The
      Board may from time to time, in its discretion, amend, in whole or

         in
      part, any or all of the provisions of the Plan; provided,  however,
      that

         no  amendment  may
      be made which would  impair the rights of
      a  Participant

         with  respect
      to amounts  already  credited to
      his  Account.  The Board may

         terminate
      the Plan at any time.  In the event that the Plan
      is  terminated,

         the
      balance in a Participant's Account shall be paid to such Participant
      or

         his  Beneficiary  in
      a lump sum or in equal monthly  installments  over
      the

         following
      period, unless the Committee determines otherwise:

    

               Account
      Balance                                   Payout
      Period

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

               $50,000
      or
      less                                   Lump
      Sum

               More
      than $50,000 but less than
      $250,000          3
      Years

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

               $250,000
      or
      more                                  5
      Years

    

              Gains
      and  Losses  shall  continue  to
      be  credited  or charged to the

         Account
      in  accordance  with the  provisions  of
      Section  5.3.  The Company

         reserves
      the right to pay each Account in a lump
      sum,  notwithstanding  the

         above
      schedule.

    

    10.4     Unsecured
      General Creditor Status Of Employee.

    

              The  payments  to  a  Participant,   his   Beneficiary  or  any  other

         distributee  hereunder
      shall be made from assets which shall continue,  for

         all  purposes,  to
      be a part of
      the  general,  unrestricted  assets  of
      the

         Company;  no
      person  shall have nor acquire any interest in any such
      assets

         by
      virtue of the  provisions of this  Agreement.  The
      Company's  obligation

         hereunder  shall
      be an unfunded and  unsecured  promise to pay money in
      the

         future.  To
      the  extent  that  the  Participant,  a  Beneficiary,  or
      other

         distributee
      acquires a right to receive payments from the Company under the

         provisions  hereof,  such
      right  shall be no greater  than the right of
      any

         unsecured  general  creditor
      of the Company;  no such person shall have nor

         acquire  any  legal  or  equitable  right,  interest  or
      claim in or to any

         property
      or assets of the Company.

    

              In
      the  event  that,  in
      its  discretion,  the  Company  purchases  an

         insurance  policy
      or policies  insuring the life of
      a  Participant  (or any

         other  property)
      to allow the Company to recover the cost of
      providing  the

         benefits,  in
      whole, or in part,  hereunder,  neither the
      Participant,  his

         Beneficiary  or  other  distributee  shall  have  nor  acquire  any  rights

         whatsoever
      therein or in the proceeds  therefrom.  The Company shall be
      the

         sole
      owner and  beneficiary  of any such policy
      or  policies  and, as such,

         shall
      possess and may exercise all incidents of ownership therein.  No
      such

         policy,  policies  or  other  property  shall  be
      held in any  trust  for a

         Participant,  Beneficiary  or  other  distributee  or  held  as  collateral

         security
      for any obligation of the Company hereunder.

    

    10.5     Severability.

    

              If
      any provision of this Plan shall be held illegal or invalid for any

         reason,  said  illegality  or  invalidity  shall
      not affect  the  remaining

         provisions
      hereof; instead, each provision shall be fully severable and the

         Plan  shall  be  construed  and  enforced  as
      if said  illegal  or  invalid

         provision
      had never been included herein.

    

    10.6     Governing
      Laws.

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

              All  provisions
      of the Plan shall be construed in accordance  with the

         internal  laws
      (but not the  choice of laws) of Ohio,  except to the
      extent

         preempted
      by federal law.

    

    10.7     Binding
      Effect.

    

              This
      Plan shall be binding on each Participant and his heirs and legal

         representatives
      and on the Company and its successors and assigns.

    

    10.8     Entire
      Agreement.

    

              This
      document and any amendments  contain all the terms and
      provisions

         of
      the Plan and shall  constitute  the entire Plan, any other
      alleged terms

         or
      provisions being of no effect.

    

    10.9     No
      Guaranty of Tax Consequences.

    

              While
      the Company has  established,  and will
      maintain,  the Plan, the

         Company  makes  no  representation,   warranty,   commitment,  or  guaranty

         concerning  the  income,   employment,   or  other  tax   consequences   of

         participation
      in the Plan under federal, state, or local law.

     

              IN
      WITNESS WHEREOF, the Company has caused this Plan to be executed on

         this
      13th day of May, 2004.

    

    

                                     INVACARE
      CORPORATION

    

    

    

                                     By:    /s/
      Gregory C. Thompson

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

                                     Title:
      Senior Vice President and

                                            Chief
      Financial Officer

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

    

    

                                     By:    /s/
      A. Malachi Mixon, III

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

                                     Title:
      Chairman and Chief Executive Officer

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

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

     

    

                                     AMENDMENT
        NO. 1

                                             TO

      INVACARE
        CORPORATION 401(k) PLUS BENEFIT EQUALIZATION PLAN

      

      

                This  Amendment  No.
        1 is  executed  as of the date set forth below
        by

           Invacare
        Corporation (the "Company").

      

                                         WITNESSETH:

      

                WHEREAS,  the
        Company maintains the Invacare  Corporation  401(k)
        Plus

           Benefit  Equalization  Plan,
        as amended and restated  effective  January 1,

           2003
        (the "Plan"), to provide nonqualified  retirement benefits for
        certain

           employees
        of the Company; and

      

                WHEREAS,  pursuant  to  Section  10.3
        of
        the  Plan,  the  Company  has

           retained
        the right to make amendments thereto; and

      

                WHEREAS,  the  Company  desires  to
        amend  the Plan in order to permit

           participants
        to change their investment elections on a daily basis;

      

                NOW,  THEREFORE,  pursuant  to
        Section  10.3 of the Plan,  the Company

           hereby  amends  Section  5.3
        of  Article  V of
        the  Plan,  effective  as of

           December
        1, 2003,  by the  deletion of said Section 5.3 in its
        entirety and

           the
        substitution in lieu thereof of a new Section 5.3 to read as
        follows:

      

               5.3      Earnings
        Elections.

                Amounts  credited  to
        a  Participant's  Account  shall
        be  credited or

           charged
        with earnings and losses based on hypothetical  investments
        elected

           by  the   Participant.   A  Participant  may  elect  different   investment

           allocations
        for new contributions and existing Account balances. Only whole

           percentages  may
        be elected,  the minimum  percentage for any allocation
        is

           10%,
        and the total  elections  must allocate 100% of all
        new  contributions

           and
        100% of all
        existing  Account  balances.  Investment  elections  may
        be

      <page>

           changed  daily,  by  written   direction.   The   hypothetical   investment

           alternatives   and  the  procedures   relating  to  the  election  of  such

           investments,  other  than  those
        set forth in this  Section  5.3,  shall
        be

           determined  by
        the  Committee  from time to time.
        A  Participant's  Account

           shall
        be adjusted as of each Valuation Date to reflect investment gains
        and

           losses."

      

                IN
        WITNESS WHEREOF,  Invacare Corporation,  by its proper
        officer, has

           caused  this  Amendment  No.
        1 to be  executed as of the 30th day of April,

           2004.

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      

                                              INVACARE
        CORPORATION

      

      

                                              By:
        /s/ Gregory C. Thompson

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    AMENDMENT
      NO.
      2

    TO

    INVACARE
      CORPORATION 401(K)
      PLUS BENEFIT EQUALIZATION PLAN

    

    This
      Amendment No. 2 to the Invacare
      Corporation 401(k) Plus Benefit Equalization Plan is hereby adopted as of the
      date set forth below by Invacare Corporation, an Ohio corporation (the
“Company”).

    WITNESSETH:

    WHEREAS,
      the Company has established a
      deferred savings plan known as the Invacare Corporation 401(k) Plus Benefit
      Equalization Plan (the “Plan”) to provide unfunded deferred compensation to
      certain management and highly compensated employees of the Company;
      and

    WHEREAS,
      pursuant to Section 10.3 of
      the Plan, the Company has retained the right to make amendments thereto;
      and

    WHEREAS,
      the Company desires to amend
      the Plan in order to prevent further deferrals thereunder;

    NOW,
      THEREFORE, effective as of
      December 31, 2004, the Company hereby adopts this Amendment No. 2 as
      follows:

    1.           
      Freeze of
      Plan.  Subject to Section 2 of this Amendment, effective
      December 31, 2004 (the “Freeze Date”), the Plan shall be
      frozen.  Thereafter, no additional deferrals may be made under the
      Plan.  Otherwise the Plan shall be administered after the Freeze Date
      as provided in the Plan, subject to permissible amendments to the Plan,
      including amendments made after the Freeze Date.

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    2.           
      Material
      Modification.  The provisions of Section 1 of this
      Amendment No. 2 are intended to prevent further deferral under the Plan so
      that all deferrals will be subject to rules in effect prior to the effective
      date of Section 409A of the Code.  If this Amendment No. 2
      would otherwise be deemed a “material modification” of the Plan under such
      Section 409A, this Amendment No. 2 shall at all times be deemed void
ab initio.

    

    IN
      WITNESS WHEREOF, the Company, by its
      appropriate officers duly authorized, has caused this Amendment No. 2 to be
      executed as of this day of  December, 2004.

     

    INVACARE
      CORPORATION

     

    By /s/ Gregory
      C.
      Thompson                                                                          

     

    And /s/ Joseph
      Usaj                                                                          

     

    

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    AMENDMENT
      NO.
      3

    TO

    INVACARE
      CORPORATION 401(K)
      PLUS BENEFIT EQUALIZATION PLAN

    

    This
      Amendment No. 3 to the Invacare
      Corporation 401(k) Plus Benefit Equalization Plan is hereby adopted as of the
      date set forth below by Invacare Corporation, an Ohio corporation (the
“Company”).

    WITNESSETH:

    WHEREAS,
      the Company has established a
      deferred savings plan known as the Invacare Corporation 401(k) Plus Benefit
      Equalization Plan (the “Plan”) to provide unfunded deferred compensation to
      certain management and highly compensated employees of the Company;
      and

    WHEREAS,
      Code Section 409A
      became effective January 1, 2005, to impose various restrictions on deferred
      compensation; and

     WHEREAS,
      effective December 31,
      2004, the Company amended the Plan to cease further deferrals for the purpose
      of
      grandfathering the exemption from Code Section 409A of those deferrals which
      were vested as of that date; and

    WHEREAS,
      those deferrals which were not
      vested under the Plan as of December 31, 2004 (the “Post-2004 Deferrals”) will
      be governed under the Plan as it will be amended to provide for a segregated
      component consistent with Code Section 409A for such Post-2004 Deferrals;
      and

    WHEREAS,
      Code Section 409A generally
      requires that the time and form of payment of deferred compensation be fixed
      at
      the time the compensation is deferred,

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    and
      requires that any later election to change the time or form of payment be
      subject to restrictions which include a 12-month notice period and a 5-year
      postponement of the payment commencement date (the “Election
      Restrictions”);

    WHEREAS,
      the Post-2004 Deferrals have
      been administered consistent with Code Section 409A and are paid in a single
      lump sum unless the
      participant: (a) terminates employment after reaching age fifty-five (55) and
      completing ten (10) years of service, (b) the participant’s account is more than
      twenty thousand dollars ($20,000), and (c) the participant has in effect an
      election to instead receive payment in substantially equal monthly installments
      over a period of five (5), ten (10), or fifteen (15) years; and

    WHEREAS,
      the participants have not
      yet been afforded the opportunity to make a payment election with regard to
      their Post-2004 Deferrals; and

    WHEREAS,
      Code Section 409A permits
      the Plan to provide a “transition election” in 2006 by which participants can,
      on or before December 31, 2006 and subject to certain conditions, elect to
      change the form of payment of their Post 2004 Deferrals without being subject
      to
      the Election Restrictions; and

    WHEREAS,
      the Company desires to
      provide the Plan participants with such a transition election for 2006;
      and

    WHEREAS,
      pursuant to Section 10.3 of
      the Plan, the Company has retained the right to make amendments thereto;
      and

    NOW,
      THEREFORE, the Company hereby
      amends the Plan, effective as of the dates indicated below, as
      follows:

    1.           
      Effective November 1, 2006, a new Section 7.3A is added after Section 7.3 as
      it
      pertains to Post-2004 Deferrals to read as follows: 

     

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    “7.3A                      
      Special Transition Election in 2006.

     

    Pursuant
      to the relief granted in IRS
      Notice 2005-1, Q&A-19(c) as extended in the Proposed
      Treasury Regulations under Code Section 409A (Section XI.C. of the Preambles),
      a
      Participant shall be permitted to make a new election in 2006 regarding the
      form
      of distribution of the Participant’s Account, provided that such election is
      made in writing and filed with the Committee no later than December 31,
      2006.  Such election shall be immediately effective; provided, however, that such
      election shall not operate to change the form of distribution of amounts that
      otherwise would be payable in 2006, nor will it operate to make payable in
      2006
      amounts that would not otherwise be payable in that year.”

     

    

    IN
      WITNESS WHEREOF, the Company, by its
      appropriate officers duly authorized, has caused this Amendment No. 3 to be
      executed as of this 28th day of December, 2006.

     

    INVACARE
      CORPORATION

     

    By /s/ Joseph
      Usaj                                                                          

     

    By /s/ Gregory
      C.
      Thompson

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