Document:

Exhibit 10w

 

EXHIBIT
10(w)

 

20TH
CENTURY INDUSTRIES

Supplemental
Pension Plan

(RESTATEMENT
NO. 1)

 

 

TABLE
OF CONTENTS

	 	 	 	
      Page

	 	 	 	 
	
      ARTICLE
      I
	 	
      PURPOSE
	
      3

	 	 	 	 
	
      ARTICLE
      II
	 	
      DEFINITIONS
	
      3

	 	 	 	 
	
      ARTICLE
      III
	 	
      ELIGIBILITY
      AND PARTICIPATION
	
      4

	
      3.1
	 	
      Eligibility
      to Participate
	
      4

	
      3.2
	 	
      Certain
      Enrollment Procedures
	
      4

	 	 	 	 
	
      ARTICLE
      IV
	 	
      CALCULATION
      OF BENEFITS
	
      5

	
      4.1
	 	
      Benefits
      under this Plan
	
      5

	
      4.2
	 	
      Benefit
      Formula
	
      5

	
      4.3
	 	
      Offset
      of Benefit under the 20th Century Industries Supplemental Executive
      Retirement Plan
	
      5

	
      4.4
	 	
      Benefit
      Commencement at Early Retirement Date
	
      5

	 	 	 	 
	
      ARTICLE
      V
	 	
      VESTING
      OF BENEFITS
	
      6

	 	 	 	 
	
      ARTICLE
      VI
	 	
      PAYMENT
      OF BENEFITS
	
      6

	
      6.1
	 	
      Date
      of Payment
	
      6

	
      6.2
	 	
      Form
      of Payment
	
      6

	 	 	 	 
	
      ARTICLE
      VII
	 	
      DEATH
      AND DISABILITY BENEFITS
	
      7

	
      7.1
	 	
      Death
      Benefit
	
      7

	
      7.2
	 	
      Disability
      Benefit
	
      7

	 	 	 	 
	
      ARTICLE
      VIII
	 	
      RIGHT
      TO TERMINATE OR MODIFY PLAN
	
      7

	 	 	 	 
	
      ARTICLE
      IX
	 	
      NO
      ASSIGNMENT, ETC.
	
      8

	 	 	 	 
	
      ARTICLE
      X
	 	
      THE
      COMMITTEE
	
      8

	 	 	 	 
	
      ARTICLE
      XI
	 	
      RELEASE
	
      9

	 	 	 	 
	
      ARTICLE
      XII
	 	
      NO
      CONTRACT OF EMPLOYMENT
	
      9

	 	 	 	 
	
      ARTICLE
      XIII
	 	
      COMPANY'S
      OBLIGATION TO PAY BENEFITS
	
      9

	 	 	 	 
	
      ARTICLE
      XIV
	 	
      CLAIM
      REVIEW PROCEDURE
	
      10

	 	 	 	 
	
      ARTICLE
      XV
	 	
      ARBITRATION
	
      11

	 	 	 	 
	
      ARTICLE
      XVI
	 	
      MISCELLANEOUS
	
      11

	
      16.1
	 	
      Successor
      and Assigns
	
      11

	
      16.2
	 	
      Notices
	
      11

	
      16.3
	 	
      Limitations
      on Liability
	
      11

	
      16.4
	 	
      Certain
      Small Benefits
	
      12

	
      16.5
	 	
      Governing
      Law
	
      12

 

 

20TH
CENTURY INDUSTRIES

SUPPLEMENTAL
PENSION PLAN

(RESTATEMENT
NO. 1)

ARTICLE
I

PURPOSE

The
purpose of the 20th Century Industries Supplemental Pension Plan (the "Plan") is
to attract and retain valuable executive employees by making available certain
benefits that otherwise would be unavailable under the Company's Qualified
Pension Plan.

This Plan
is designed to qualify as an unfunded plan of deferred compensation for a select
group of management or highly compensated employees described in 29 CFR Sec.
2520.104-23 and Sections 201(a), 301(a)(3) and 401(a)(1) of the Employee
Retirement Income Security Act of 1974, as amended ("ERISA"). Further, this Plan
is a plan described in 4 U.S.C. Section 114 and Section 3121(v)(2)(C) of the
Internal Revenue Code ("Code"), established to pay retirement income after
termination of employment, and maintained solely for the purpose of providing
retirement benefits for employees in excess of the limitations imposed by one or
more of Sections 401(a)(17), 401(k), 401(m), 402(g), 403(b), 408(k), or 415 of
such Code or any other limitation on contributions or benefits in such Code on
plans to which any of such Sections apply.

This
instrument amends and restates the provisions of this Plan, this amendment and
restatement to be effective as of January 1, 1996.

 

ARTICLE
II

DEFINITIONS

The
following terms shall have the meanings set forth below in this Article II, when
capitalized:

2.1    "Committee"
means the committee appointed to administer the Plan in accordance with Article
X.

2.2    "Company"
means 20th Century Industries, and shall include any corporation that is
affiliated with 20th Century Industries, and which, by designation by the Chief
Executive Officer of 20th Century Industries, is included within the meaning of
the term "Company," with the result that otherwise eligible executives of such
entity may participate herein.

2.3    "Compensation"
means compensation as defined in the Qualified Pension Plan determined, however,
without regard to the limitations of Section 401(a)(17) and prior to any
reduction for compensation deferrals under the 20th Century Industries 401(k)
Supplemental Plan, the 20th Century Industries Savings and Security Plan and any
salary reduction pursuant to Code Section 125 or 129.

2.4    "Early
Retirement Date" means Early Retirement Date as defined in the Qualified Pension
Plan.

 

3

2.5    "Effective
Date" means January 1, 1996.

2.6    "Eligible
Employee" means an employee of the Company who on or after the Effective Date
has Compensation for a Plan Year in excess of the applicable limit under Section
401(a)(17) of the Internal Revenue Code, except as provided in Section
3.2.

2.7    "Normal
Retirement Date" means Normal Retirement Date as defined in the Qualified
Pension Plan.

2.8    "Participant"
means each Eligible Employee who has commenced to participate in this Plan in
accordance with Article III.

2.9    "Plan"
means the 20th Century Industries Supplemental Pension Plan, as set forth
herein.

2.10    "Plan
Administrator" means 20th Century Industries. For purposes of Section 3(16)(A)
of ERISA, 20th Century Industries shall be the "plan administrator" and shall be
responsible for compliance with any applicable reporting and disclosure
requirements imposed by ERISA.

2.11    "Plan
Year" means the fiscal period commencing each January 1 and ending the following
December 31.

2.12    "Qualified
Pension Plan" means the 20th Century Industries Pension Plan, as in effect from
time to time.

2.13    "Separation
from Service" means any separation from service of the Company for any reason.
In the case of a Participant on disability, Separation from Service shall be
deemed to occur when long term disability coverage commences, unless otherwise
determined by the Committee.

 

ARTICLE
III

ELIGIBILITY
AND PARTICIPATION

 

	3.1	Eligibility
      to Participate

Subject
to the provisions of Section 3.2 below, each Eligible Employee shall become a
Participant as of the later of the Effective Date or the date on which person
becomes an Eligible Employee.

 

	3.2	Certain
      Enrollment Procedures

As a
condition of participation or continued participation in this Plan the Committee
may require an Eligible Employee to deliver to the Committee such properly
completed enrollment forms and agreements as the Committee may require. Such
forms or agreements may permit an Eligible employee to designate a form of
payment applicable to all benefits payable hereunder. Such designation shall be
irrevocable, unless the Committee, in its sole discretion, permits an Eligible
Employee to change his or her election of payment method to a method providing
payments over a longer period of time than originally elected by the Eligible
Employee and which will not reasonably result in any increase in the amount
otherwise payable in any taxable year of the Participant during which payment
would have been made under the method of payment previously elected. No payment
option shall be selected by a Participant which is not among a list of payment
options generally made available to all Participants by the Committee at the
time of such selection. No assurance regarding the tax effects of making such
change is provided to a participant who elects to change a form of
payment.

 

4

Commencement
or recommencement of active participation or status as an Eligible Employee
following any Separation from Service or other interruption of employment shall
be on such terms and under such conditions as the Committee may, in its
discretion, provide.

 

ARTICLE
IV

CALCULATION
OF BENEFITS

 

	4.1	Benefits
      under this Plan

A
Participant's benefits under this Plan shall be calculated as provided in this
Article IV, provided, however, that a Participant's eligibility to receive a
benefit hereunder shall be subject to succeeding provisions of this
Plan.

 

	4.2	Benefit
      Formula

A
Participant's benefit payable under this Plan, expressed in the form of an
annual benefit payable commencing at the Participant's Normal Retirement Age and
payable for the lifetime of the Participant, shall be equal to (a) minus (b)
below where 

(a)    equals
the benefit payable on the Participant's Normal Retirement Date determined in
accordance with the terms of the Qualified Pension Plan (except that for
purposes of this Subsection 4.2(a), the Participant's Compensation shall be
determined under this Plan), and

(b)    equals
the benefit payable on the Participant's Normal Retirement Date determined in
accordance with the terms of the Qualified Pension Plan.

 

	4.3	Offset
      of Benefit under the 20th Century Industries Supplemental Executive
      Retirement Plan

If a
Participant under this Plan is entitled to receive benefits under the 20th
Century Industries Supplemental Executive Retirement Plan (the "SERP"), such
Participant's benefit under this Plan shall be offset, but not below zero (0) by
an amount equal to the actuarial equivalent of the SERP benefit.

 

	4.4	Benefit
      Commencement at Early Retirement Date

If a
Participant's benefit under this Plan commences to be paid on a Participant's
Early Retirement Date, the benefit calculated as provided in Section 4.2 shall
be reduced to reflect the longer anticipated period of time that such benefit is
to be paid, and such reduction shall be determined in the same manner as a
reduction is computed under the Qualified Pension Plan in the case of a
Participant who retires under such Qualified Pension Plan at an Early Retirement
Date.

 

5

ARTICLE
V

VESTING
OF BENEFITS

A
Participant's interest in his benefit under this Plan shall become vested and
nonforfeitable in accordance with the provisions of the Qualified Pension Plan
(including provisions of the Qualified Pension Plan relating to vesting upon
termination, partial termination or other vesting event under such plan).
Notwithstanding the preceding provisions of this Article V, in the event of a
Participant's Separation of Service following a "Change in Control" as such term
is defined from time to time in the 20th Century Industries Supplemental
Executive Retirement Plan, a Participant's interest in his or her benefits under
the Plan shall become fully vested and nonforfeitable.

 

ARTICLE
VI

PAYMENT
OF BENEFITS

 

	6.1	Date
      of Payment

Except as
otherwise provided in Article VII and subject to the provisions of Article V, a
Participant's benefit hereunder, payable on account of a Separation from Service
shall commence to be paid as soon as practicable following the later of (a) the
date of such Separation from Service or (b) the earlier of (i) the date on which
the Participant attains (or would have attained if the Participant then were in
active employment) Early Retirement Date, or (ii) the Participant's Normal
Retirement Date.

 

	6.2	Form
      of Payment

(a)    Single
Life Annuity. The
normal form of payment under the Plan for a Participant who is not married on
the date of commencement of his or her benefits hereunder shall be a single life
annuity providing monthly payments for the life of the Participant, and under
which all benefit payments cease as of the date of death of the
Participant.

(b)    Joint
and Survivor Annuity. The
normal form of benefit payable to a Participant who is lawfully married to a
spouse on the date of commencement of his or her benefits hereunder shall be an
actuarially equivalent fifty percent (50%) joint and survivor annuity, providing
reduced monthly payments during such Participant's life, and providing continued
monthly payments after the Participant's death to the spouse to whom the
participant is married on the date of his or her commencement of benefits
hereunder. Each such continued monthly payments payable to the surviving spouse
shall be fifty percent (50%) of the monthly payment amount payable during the
Participant's lifetime. The reduction in the Participant's monthly benefits
shall be determined by application of the same reduction factors as are applied
for purposes of determining such reduction under the Qualified Pension Plan.
Continuing payments to a surviving spouse shall continue during the life of the
surviving spouse and shall cease on the date of death of such surviving
spouse.

 

6

(c)    Whenever,
under this Plan it becomes necessary to determine the actuarial equivalence of
one or more forms of benefits, such determination shall be made by application
of such actuarial factors and rates as would then be applied for such purpose
under the Qualified Pension Plan.

 

ARTICLE
VII

DEATH
AND DISABILITY BENEFITS

 

	7.1	Death
      Benefit

In the
event of the death of a Participant prior to commencement of benefit payments
hereunder, a death benefit shall be payable to the spouse to whom such
Participant is lawfully married on the date of the Participant's death. Such
benefit shall consist of monthly payments, each of which is equal to the monthly
amount that would have been paid to such spouse (a) had the Participant's
Separation from Service occurred on the later of (i) the Participant's date of
death, or (ii) the earlier of the Participant's Early Retirement Date or Normal
Retirement Date, (b) had the Participant's benefit commenced to be paid as the
joint and survivor annuity described in Section 6.2, and (c) had the
Participant's death occurred immediately after such commencement of benefits.
Such death benefit shall begin to be paid as soon as practicable after the
latest of (a) the Participant's date of death, (b) the earlier of the
Participant's Early Retirement Date or Normal Retirement Date, and (c) the date
on which such benefit applications, releases, and other documents as the
Committee may require to be given are received by the Committee in form and
manner satisfactory to the Committee. Death benefit payments shall cease as of
the date of death of the spouse receiving such payments. No benefit shall be
payable to any person other than a spouse described in the first sentence of
this Section 7.1. This Plan shall not be required to give effect to disclaimers,
whether made under state or federal law. This Section 7.1 shall not apply in the
case of the death of a Participant after payments have commenced to be made with
respect to such Participant.

 

	7.2	Disability
      Benefit

If a
Participant incurs a Total and Permanent Disability, as such term is defined
from time to time under Qualified Pension Plan, prior to commencement of
benefits hereunder and such Participant at the date of the occurrence of such
Total and Permanent Disability is an Eligible Employee, such Participant shall
continue to accrue benefits under this Plan in the same manner as provided in
the Qualified Plan during the continuation of such Total and Permanent
Disability, but not beyond the date determined under the Qualified Pension Plan.
Such Participant shall be entitled to receive his/her benefit under this Plan
upon attaining his/her Normal Retirement Date.    

 

ARTICLE
VIII

RIGHT
TO TERMINATE OR MODIFY PLAN

By action
of its Board of Directors, 20th Century Industries may modify or terminate this
Plan without further liability to any Eligible Employee or former employee or
any other person. Notwithstanding the preceding provisions of this Article VIII,
except as expressly required by law, this Plan may not be modified or terminated
as to any Participant in a manner that adversely affects the payment of benefits
theretofore accrued by such Participant to the extent such benefits have become
vested, except that in the event of the termination of the Plan as to all
Participants, this Plan may in the sole discretion of the Board of Directors be
modified to accelerate payment of benefits to Participants.

 

7

ARTICLE
IX

NO
ASSIGNMENT, ETC.

Benefits
under this Plan may not be assigned or alienated and shall not be subject to the
claims of any creditor. A Participant shall not be permitted to borrow under the
Plan, nor shall a Participant be permitted to pledge or otherwise use his
benefits hereunder as security for any loan or other obligation. No payments
shall be made to any person or persons other than expressly provided herein, or
on any date or dates other than as expressly provided herein.

It is
each Participant's sole responsibility to obtain such consents, and to take such
other actions as may be necessary or appropriate in connection with
participation in this Plan, including but not limited to obtaining spousal or
other consents, as may be necessary or appropriate to reflect marital property,
support, or other obligations arising under contract, order or by operation of
law.

 

ARTICLE
X

THE
COMMITTEE

(a)   The
appointment, removal and resignation of members of the Committee shall be
governed by the Board of Directors of 20th Century Industries. Subject to change
by the said Board, the membership of the Committee shall be the same as the
membership of the Committee of the Qualified Pension Plan.

(b)   The
Committee shall have authority to oversee the management and administration of
the Plan, and in connection therewith is authorized in its sole discretion to
make, amend and rescind such rules as it deems necessary for the proper
administration of the Plan, to make all other determinations necessary or
advisable for the administration of the Plan and to correct any defect or supply
any omission or reconcile any inconsistency in the Plan in the manner and to the
extent that the Committee deems desirable to carry the Plan into effect. The
powers and duties of the Committee shall include without limitation, the
following:

(i)   Resolving
all questions relating to the eligibility of select management and highly
compensated employees to become Participants; and

(ii)   Resolving
all questions regarding payment of benefits under the Plan and other questions
regarding plan participation.

 

8

Any
action taken or determination made by the Committee shall be conclusive on all
parties. The exercise of or failure to exercise any discretion reserved to the
Committee to grant or deny any benefit to a Participant or other person under
the Plan shall in no way require the Committee or any person acting on behalf
thereof, to similarly exercise or fail to exercise such discretion with respect
to any other Participant.

 

ARTICLE
XI

RELEASE

As a
condition to making any payment under the Plan, or to giving effect to any
election or other action under the Plan by any Participant or any other person,
the Plan Administrator may require such consents or releases as it determines to
be appropriate, and further may require any such designation, election or other
action to be in writing, in a prescribed form and to be filed with the Committee
in a manner prescribed by the Committee. In the event the Committee determines,
in its discretion, that multiple conflicting claims may be made as to all or a
part of a benefit accrued hereunder by a Participant, the Committee may delay
the making of any payment until such conflict or multiplicity of claims is
resolved.

ARTICLE
XII

NO
CONTRACT OF EMPLOYMENT

This Plan
shall not be deemed to give any employee the right to be retained in the employ
of the Company or to interfere with the right of the Company to discharge or
retire any employee at any time, nor shall this Plan interfere with the right of
the Company to establish the terms and conditions of employment of any
employee.

 

ARTICLE
XIII

COMPANY'S
OBLIGATION TO PAY BENEFITS

Nothing
contained in this Plan and no action taken pursuant to the provisions of this
Plan shall create or be construed to create a trust of any kind, or a fiduciary
relationship between the Company, and any Employee, an Employee's spouse or
former spouse or any other person. Funds to provide benefits under the
provisions of this Plan shall continue for all purposes to be a part of the
general funds of the Company. To the extent that any person acquires a right to
receive payments from the Company under this Plan such right shall be no greater
than the right of any unsecured general creditor of the Company. Notwithstanding
the preceding provisions of this Article XIII, assets may be transferred by the
Company to a trust constituting a "rabbi trust," for the purpose of providing
benefits described herein.

 

9

ARTICLE
XIV

Claim
Review Procedure

(a)   A person
who believes that he or she has not received all payments to which he or she is
entitled under the terms of this Plan may submit a claim therefor. Within ninety
(90) days following receipt of a claim for benefits under this Plan, and all
necessary documents and information, the Committee or its authorized delegate
reviewing the claim shall, if the claim is not approved, furnish the claimant
with written notice of the decision rendered with respect to the
application.

(b)   The
written notice contemplated in (a) above shall set forth:

(i)     the
specific reasons for the denial, with reference to the Plan provisions upon
which the denial is based;

(ii)    a
description of any additional information or material necessary for perfection
of the application (together with an explanation why the material or information
is necessary); and

(iii)   an
explanation of the Plan's claim review procedure.

(c)   A
claimant who wishes to contest the denial of his claim for benefits or to
contest the amount of benefits payable to him shall follow the procedures for an
appeal of benefits as set forth below, and shall exhaust such administrative
procedures prior to seeking any other form of relief.

(d)   A
claimant who does not agree with the decision rendered as provided above in this
Article XIV with respect to his application may appeal the decision to the
Committee. The appeal shall be made, in writing, within sixty (60) days after
the date of notice of such decision with respect to the application. If the
application has neither been approved nor denied within the ninety-day (90)
period provided in (a) above, then the appeal shall be made within sixty (60)
days after the expiration of the ninety-day (90) period.

(e)   The
claimant may request that his application be given full and fair review by the
Committee. The claimant may review all pertinent documents and submit issues and
comments in writing in connection with the appeal. The decision of the Committee
shall be made promptly, and not later than sixty (60) days after the Committee's
receipt of a request for review, unless special circumstances require an
extension of time for processing, in which case a decision shall be rendered as
soon as possible, but not later than one hundred twenty (120) days after receipt
of a request for review. The decision by the Committee on review shall be in
writing and shall include specific reasons for the decision, written in a manner
calculated to be understood by the claimant with specific reference to the
pertinent Plan provisions upon which the decision is based.

 

10

ARTICLE
XV

ARBITRATION

A
claimant may contest the Committee's denial of his or her appeal only by
submitting the matter to arbitration. In such event, the claimant and the
Committee shall select an arbitrator from a list of names supplied by the
American Arbitration Association in accordance with such Association's
procedures for selection of arbitrators, and the arbitration shall be conducted
in accordance with the rules of such Association. The arbitrator's authority
shall be limited to the affirmance or reversal of the Committee's denial of the
appeal, and the arbitrator shall have no power to alter, add to or subtract from
any provision of this Plan. Except as otherwise required by the Employee
Retirement Income Security Act of 1974, the arbitrator's decision shall be final
and binding on all parties, if warranted on the record and reasonably based on
applicable law and the provisions of this Plan.

 

ARTICLE
XVI

MISCELLANEOUS

 

	16.1	Successor
      and Assigns

The Plan
shall be binding upon and shall inure to the benefit of the Company, its
successors and assigns, and all Participants.

 

	16.2	Notices

Any
notice or other communication required or permitted under the Plan shall be in
writing, and if directed to the Company shall be sent to the Committee or its
authorized delegate, and if directed to a Participant shall be sent to such
Participant at his last known address as it appears on the records of the
Company.

 

	16.3	Limitations
      on Liability

(a)   The
Company does not warrant any tax benefit nor any financial benefit under the
Plan. Without limitation to the foregoing, the Company and its officers,
employees and agents shall be held harmless by the Participant or Beneficiary
from, and shall not be subject to any liability on account of, the federal or
state or local income tax consequences, or any other consequences of any
deferrals or credits with respect to Participants under the Plan.

(b)   The
Company, its officers, employees, and agents shall be held harmless by the
Participant from, and shall not be subject to any liability hereunder for, all
acts performed in good faith.

11

	16.4	Certain
      Small Benefits

Notwithstanding
any other provision of this Plan to the contrary, in the case of a Participant
whose annual benefit hereunder is not in excess of $2,000, the Committee may, in
its sole discretion, distribute an amount equal to the actuarial equivalent
value of future anticipated benefits, determined in accordance with such
actuarial factors and interest rate assumptions utilized from time to time under
the Qualified Pension Plan for purposes of making lump sum payments
thereunder.

 

	16.5	Governing
      Law

This Plan
is subject to the laws of the State of California, to the extent not preempted
by ERISA.

IN
WITNESS WHEREOF, 20th
Century Industries has caused this instrument to be executed by its duly
authorized officers, effective as of the Effective Date set forth
hereinabove.

	 	
      20TH
      CENTURY INDUSTRIES

	 	 	 
	 	 	 
	 	 	 
	 	
      By:
	 
	 	 	 
	 	 	 
	 	 	 
	 	
      By:
	 

 

12Exhibit 10x

 

EXHIBIT
10(x)

 

 

 

 

21ST
CENTURY INSURANCE COMPANY

 

 

401(K)
SUPPLEMENTAL PLAN

 

 

 

 

Amended
and Restated as of January 1, 2001

 

 

Amended
as of January 1, 2004

 

 

TABLE
OF CONTENTS

Page

	
      Purpose
	 	 	
      1

	 	 	 	 
	
      ARTICLE
      1
	 	
      Definitions
	
      1

	 	 	 	 
	
      ARTICLE
      2
	 	
      Selection,
      Enrollment, Eligibility
	
      4

	 	 	 	 
	
      2.1
	 	
      Selection
      by Committee
	
      4

	
      2.2
	 	
      Enrollment
      Requirements
	
      4

	
      2.3
	 	
      Eligibility;
      Commencement of Participation
	
      4

	
      2.4
	 	
      Termination
      of Participation and/or Deferrals
	
      4

	 	 	 	 
	
      ARTICLE
      3
	 	
      Deferral
      Commitments/Company Matching/Crediting Taxes
	
      5

	 	 	 	 
	
      3.1
	 	
      Amount
      of Deferrals
	
      5

	
      3.2
	 	
      Election
      to Defer; Effect of Election Form
	
      5

	
      3.3
	 	
      Withholding
      of Annual Deferral Amounts
	
      5

	
      3.4
	 	
      Annual
      Company Matching Amount
	
      5

	
      3.5
	 	
      Investment
      of Trust Assets
	
      6

	
      3.6
	 	
      Vesting
	
      6

	
      3.7
	 	
      Crediting/Debiting
      of Account Balances
	
      6

	
      3.8
	 	
      FICA
      and Other Employment Taxes; Federal Income
    Tax
	
      8

	 	 	 	 
	
      ARTICLE
      4
	 	
      Unforeseeable
      Financial Emergencies; Withdrawal Election
	
      8

	 	 	 	 
	
      4.1
	 	
      Withdrawal
      Payout/Suspensions for Unforeseeable Financial
      Emergencies
	
      8

	
      4.2
	 	
      Withdrawal
      Election
	
      8

	 	 	 	 
	
      ARTICLE
      5
	 	
      Retirement
      Benefit
	
      9

	 	 	 	 
	
      5.1
	 	
      Retirement
      Benefit
	
      9

	
      5.2
	 	
      Payment
      of Retirement Benefit
	
      9

	
      5.3
	 	
      Death
      Prior to Completion of Retirement Benefit
	
      9

	 	 	 	 
	
      ARTICLE
      6
	 	
      Pre-Retirement
      Survivor Benefit
	
      9

	 	 	 	 
	
      6.1
	 	
      Pre-Retirement
      Survivor Benefit
	
      9

	
      6.2
	 	
      Payment
      of Pre-Retirement Survivor Benefit
	
      9

	 	 	 	 
	
      ARTICLE
      7
	 	
      Termination
      Benefit
	
      10

	 	 	 	 
	
      7.1
	 	
      Termination
      Benefit
	
      10

	
      7.2
	 	
      Payment
      of Termination Benefit
	
      10

	
      7.3
	 	
      Death
      Prior to Completion of Termination Benefit
	
      10

	 	 	 	 
	
      ARTICLE
      8
	 	
      Disability
      Waiver and Benefit
	
      11

	 	 	 	 
	
      8.1
	 	
      Disability
      Waiver
	
      11

i

 

	
      8.2
	 	
      Continued
      Eligibility; Disability Benefit
	
      11

	
      8.3
	 	
      Death
      Prior to Completion of Disability Benefit
	
      11

	 	 	 	 
	
      ARTICLE
      9
	 	
      Beneficiary
      Designation
	
      12

	 	 	 	 
	
      9.1
	 	
      Beneficiary
	
      12

	
      9.2
	 	
      Beneficiary
      Designation; Change; Spousal Consent
	
      12

	
      9.3
	 	
      Acknowledgement
	
      12

	
      9.4
	 	
      No
      Beneficiary Designation
	
      12

	
      9.5
	 	
      Doubt
      as to Beneficiary
	
      12

	
      9.6
	 	
      Discharge
      of Obligations
	
      12

	 	 	 	 
	
      ARTICLE
      10
	 	
      Leave
      of Absence
	
      12

	 	 	 	 
	
      10.1
	 	
      Paid
      Leave of Absence
	
      12

	
      10.2
	 	
      Unpaid
      Leave of Absence
	
      12

	 	 	 	 
	
      ARTICLE
      11
	 	
      Termination,
      Amendment or Modification
	
      13

	 	 	 	 
	
      11.1
	 	
      Termination
	
      13

	
      11.2
	 	
      Amendment
	
      13

	
      11.3
	 	
      Plan
      Agreement
	
      14

	
      11.4
	 	
      Effect
      of Payment
	
      14

	 	 	 	 
	
      ARTICLE
      12
	 	
      Administration
	
      14

	 	 	 	 
	
      12.1
	 	
      Committee
      Duties
	
      14

	
      12.2
	 	
      Agents
	
      14

	
      12.3
	 	
      Binding
      Effect of Decisions
	
      14

	
      12.4
	 	
      Indemnity
      of Committee
	
      14

	
      12.5
	 	
      Employer
      Information
	
      14

	 	 	 	 
	
      ARTICLE
      13
	 	
      Other
      Benefits and Agreements
	
      15

	 	 	 	 
	
      13.1
	 	
      Coordination
      with Other Benefits
	
      15

	 	 	 	 
	
      ARTICLE
      14
	 	
      Claims
      Procedures
	
      15

	 	 	 	 
	
      14.1
	 	
      Presentation
      of Claim
	
      15

	
      14.2
	 	
      Notification
      of Decision
	
      15

	
      14.3
	 	
      Review
      of a Denied Claim
	
      15

	
      14.4
	 	
      Decision
      on Review
	
      16

	
      14.5
	 	
      Legal
      Action
	
      16

	 	 	 	 
	
      ARTICLE
      15
	 	
      Trust
	
      16

	 	 	 	 
	
      15.1
	 	
      Establishment
      of the Trust
	
      16

	
      15.2
	 	
      Interrelationship
      of the Plan and the Trust
	
      16

	
      15.3
	 	
      Distributions
      From the Trust
	
      16

ii

 

	
      ARTICLE
      16
	 	
      Miscellaneous
	
      16

	 	 	 	 
	
      16.1
	 	
      Status
      of Plan
	
      16
      

	
      16.2
	 	
      Unsecured
      General Creditor
	
      16

	
      16.3
	 	
      Employer's
      Liability
	
      17

	
      16.4
	 	
      Nonassignability
	
      17

	
      16.5
	 	
      Not
      a Contract of Employment
	
      17

	
      16.6
	 	
      Furnishing
      Information
	
      17

	
      16.7
	 	
      Terms
	
      17

	
      16.8
	 	
      Captions
	
      17

	
      16.9
	 	
      Governing
      Law
	
      17

	
      16.10
	 	
      Notice
	
      18

	
      16.11
	 	
      Successors
	
      18

	
      16.12
	 	
      Spouse's
      Interest
	
      18

	
      16.13
	 	
      Validity
	
      18

	
      16.14
	 	
      Incompetent
	
      18

	
      16.15
	 	
      Court
      Order
	
      18

	
      16.16
	 	
      Distribution
      in the Event of Taxation
	
      18

	
      16.17
	 	
      Insurance
	
      19

 

iii

 

21ST
CENTURY INSURANCE COMPANY

401(K)
SUPPLEMENTAL PLAN

Amended
and Restated as of January 1, 2001

Amended
as of November 1, 2003

Purpose

 

The
purpose of this Plan is to provide specified benefits to a select group of
management and highly compensated Employees who contribute materially to the
continued growth, development and future business success of 21st Century
Insurance Company and its subsidiaries, if any, that sponsor this Plan. This
Plan shall be unfunded for tax purposes and for purposes of Title I of ERISA.
This document sets forth an amendment and restatement, effective January 1,
2001, of the Plan as originally adopted effective January 1, 1996. The Plan
further is amended as of November 1, 2003.

ARTICLE
1

Definitions

 

For
purposes of this Plan, unless otherwise clearly apparent from the context, the
following phrases or terms shall have the following indicated
meanings:

 

	
      1.1
	
      "Account
      Balance" shall mean, with respect to a Participant, a credit on the
      records of the Employer equal to the sum of (i) the Deferral Account
      balance, and (ii) the vested Company Matching Account balance. The Account
      Balance, and each other specified account balance, shall be a bookkeeping
      entry only and shall be utilized solely as a device for the measurement
      and determination of the amounts to be paid to a Participant, or his or
      her designated Beneficiary, pursuant to this
Plan.

 

	
      1.2
	
      "Annual
      Bonus" shall mean any compensation, in addition to Base Annual Salary
      relating to services performed during any calendar year, whether or not
      paid in such calendar year or included on the Federal Income Tax Form W-2
      for such calendar year, payable to a Participant as an Employee under any
      Employer's annual bonus and cash incentive plans, excluding stock
      options.

 

	
      1.3
	
      "Annual
      Company Matching Amount" for any one Plan Year shall be the amount
      determined in accordance with Section 3.4.

 

	
      1.4
	
      "Annual
      Deferral Amount" shall mean that portion of a Participant's Base Annual
      Salary and Annual Bonus that a Participant elects to have, and is
      deferred, in accordance with Article 3, for any one Plan Year. In the
      event of a Participant's Retirement, Disability (if deferrals cease in
      accordance with Section 8.1), death or a Termination of Employment prior
      to the end of a Plan Year, such year's Annual Deferral Amount shall be the
      actual amount withheld prior to such event.

 

	
      1.5
	
      "Base
      Annual Salary" shall mean the annual base salary payable to the
      Participant relating to services performed during any calendar year,
      whether or not paid in such calendar year or included on the Federal
      Income Tax Form W-2 for such calendar year, excluding bonuses,
      commissions, overtime, fringe benefits, stock options, relocation
      expenses, incentive payments, non-monetary awards, directors fees and
      other fees, automobile and other allowances paid to a Participant for
      employment services rendered (whether or not such allowances are included
      in the Employee's gross income). Base Annual Salary shall be calculated
      before reduction for compensation voluntarily deferred or contributed by
      the Participant pursuant to all qualified or non-qualified plans of any
      Employer and shall be calculated to include amounts not otherwise included
      in the Participant's gross income under Code Sections 125, 402(e)(3),
      402(h), or 403(b) pursuant to plans established by any Employer; provided,
      however, that all such amounts will be included in compensation only to
      the extent that, had there been no such plan, the amount would have been
      payable in cash to the Employee.

 

   

-1-

 

	
      1.6
	
      "Beneficiary"
      shall mean one or more persons, trusts, estates or other entities,
      designated in accordance with Article 9, that are entitled to receive
      benefits under this Plan upon the death of a
  Participant.

 

	
      1.7
	
      "Beneficiary
      Designation Form" shall mean the form, including any electronic form,
      established from time to time by the Committee by which a Participant
      designates one or more Beneficiaries.

 

	
      1.8
	
      "Board"
      shall mean the board of directors of the
Company.

 

	
      1.9
	
      "Claimant"
      shall have the meaning set forth in Section
14.1.

 

	
      1.10
	
      "Code"
      shall mean the Internal Revenue Code of 1986, as it may be amended from
      time to time.

 

	
      1.11
	
      "Committee"
      shall mean the committee described in Article
12.

 

	
      1.12
	
      "Company"
      shall mean 21st Century Insurance Company and any successor to all or
      substantially all of the Company's assets or
business.

 

	
      1.13
	
      "Company
      Matching Account" shall mean (i) the sum of all of a Participant's Annual
      Company Matching Amounts, plus (ii) amounts credited in accordance with
      all the applicable crediting provisions of this Plan that relate to the
      Participant's Company Matching Account, less (iii) all distributions made
      to the Participant or his or her Beneficiary pursuant to this Plan that
      relate to the Participant's Company Matching
Account.

 

	
      1.14
	
      "Deferral
      Account" shall mean (i) the sum of all of a Participant's Annual Deferral
      Amounts, plus (ii) amounts credited in accordance with all the applicable
      crediting provisions of this Plan that relate to the Participant's
      Deferral Account, less (iii) all distributions made to the Participant or
      his or her Beneficiary pursuant to this Plan that relate to his or her
      Deferral Account. 

 

	
      1.15
	
      "Disability"
      shall mean a period of disability during which a Participant qualifies for
      disability benefits under the Company's long-term disability plan.
      

 

	
      1.16
	
      "Disability
      Benefit" shall mean the benefit set forth in Article
8.

 

	
      1.17
	
      "Election
      Form" shall mean the form, including any electronic form, established from
      time to time by the Committee by which a Participant makes an election
      under the Plan.

 

	
      1.18
	
      "Employee"
      shall mean a person who is an employee of any
Employer.

 

	
      1.19
	
      "Employer(s)"
      shall mean the Company and/or any of its subsidiaries or joint ventures
      (now in existence or hereafter formed or acquired) that have been selected
      by the Board to participate in the Plan and have adopted the Plan as a
      sponsor.

 

	
      1.20
	
      "ERISA"
      shall mean the Employee Retirement Income Security Act of 1974, as it may
      be amended from time to time.

 

	
      1.21
	
      "401(k)
      Plan" shall mean the 21st Century Insurance Company Savings and Security
      Plan.

 

	
      1.22
	
      "Participant"
      shall mean any Employee (i) who is selected to participate in the Plan,
      (ii) who elects to participate in the Plan, (iii) who signs a Plan
      Agreement, an Election Form and a Beneficiary Designation Form, (iv) whose
      signed Plan Agreement, Election Form and Beneficiary Designation Form are
      accepted by the Committee, (v) who commences participation in the Plan,
      and (vi) whose Plan Agreement has not terminated. A spouse or former
      spouse of a Participant shall not be treated as a Participant in the Plan
      or have an account balance under the Plan, even if he or she has an
      interest in the Participant's benefits under the Plan as a result of
      applicable law or property settlements resulting from legal separation or
      divorce.

 

 

-2-

 

	
      1.23
	
      "Plan"
      shall mean this 21st Century Insurance Company 401(k) Supplemental Plan,
      which shall be evidenced by this instrument and by each Plan Agreement, as
      they may be amended from time to time.

 

	
      1.24
	
      "Plan
      Agreement" shall mean the agreement, including any electronic agreement,
      as may be amended from time to time, which is entered into by and between
      an Employer and a Participant. Each Plan Agreement executed by a
      Participant and the Participant's Employer shall provide for the entire
      benefit to which such Participant is entitled under the Plan; should there
      be more than one Plan Agreement, the Plan Agreement that was last received
      by the Employer shall supersede all previous Plan Agreements in their
      entirety and shall govern such entitlement. The terms of any Plan
      Agreement may be different for any Participant, and any Plan Agreement may
      provide additional benefits not set forth in the Plan or limit the
      benefits otherwise provided under the Plan; provided, however, that any
      such additional benefits or benefit limitations must be agreed to by both
      the Employer and the Participant.

 

	
      1.25
	
      "Plan
      Year" shall mean a period beginning on January 1 of each calendar year and
      continuing through December 31 of such calendar year.

 

	
      1.26
	
      "Pre-Retirement
      Survivor Benefit" shall mean the benefit set forth in Article
      6.

 

	
      1.27
	
      "Quarterly
      Installment Method" shall be a quarterly installment payment over the
      number of quarters selected by the Participant in accordance with this
      Plan, calculated as follows: The Account Balance of the Participant shall
      be calculated as of the close of business on the Participant's last day of
      employment The quarterly installment for the next-following quarter shall
      be calculated by multiplying this balance by a fraction, the numerator of
      which is one, and the denominator of which is the remaining number of
      quarterly payments due the Participant. By way of example, if the
      Participant elects a 20 Quarterly Installment Method, the first payment
      shall be 1/20 of the Account Balance, calculated as described in this
      definition. The following year, the payment shall be 1/19 of the Account
      Balance, calculated as described in this definition. Each quarterly
      installment shall be paid on or as soon as practicable after the last
      business day of the applicable quarter.

 

	
      1.28
	
      "Retirement",
      "Retire(s)" or "Retired" shall mean, with respect to an Employee,
      severance from employment from all Employers for any reason other than a
      leave of absence, death or Disability on or after the earlier of the
      attainment of (a) age sixty-five (65) with five (5) Years of Service, or
      (b) age fifty-five (55) with ten (10) Years of Service.

 

	
      1.29
	
      "Retirement
      Benefit" shall mean the benefit set forth in Article
5.

 

	
      1.30
	
      "Termination
      Benefit" shall mean the benefit set forth in Article
7.

 

	
      1.31
	
      "Termination
      of Employment" or "Terminates" shall mean the severing of employment with
      all Employers, voluntarily or involuntarily, for any reason other than
      Retirement, Disability, death or an authorized leave of absence.
      

 

	
      1.32
	
      "Trust"
      shall mean one or more grantor trusts established by the
      Company.

 

	
      1.33
	
      "Unforeseeable
      Financial Emergency" shall mean an unanticipated emergency that is caused
      by an event beyond the control of the Participant that would result in
      severe financial hardship to the Participant resulting from (i) a sudden
      and unexpected illness or accident of the Participant or a dependent (as
      defined in Code Section 152(a)) of the Participant, (ii) a loss of the
      Participant's property due to casualty, or (iii) such other extraordinary
      and unforeseeable circumstances arising as a result of events beyond the
      control of the Participant, all as determined in the sole discretion of
      the Committee. 

 

 

-3-

 

	
      1.34
	
      "Years
      of Service" shall mean the total number of full years in which a
      Participant has been employed by one or more Employers. For purposes of
      this definition, a year of employment shall be a 365 day period (or 366
      day period in the case of a leap year) that, for the first year of
      employment, commences on the Employee's date of hiring and that, for any
      subsequent year, commences on an anniversary of that hiring date. Any
      partial year of employment shall not be
counted.

 

ARTICLE
2

Selection,
Enrollment, Eligibility

 

	
      2.1
	
      Selection
      by Committee.
      Participation in the Plan shall be limited to a select group of management
      and highly compensated Employees of the Employers, as determined by the
      Committee in its sole discretion. From that group, the Committee shall
      select, in its sole discretion, Employees to participate in the
      Plan.

 

	
      2.2
	
      Enrollment
      Requirements.
      As a condition to participation in the Plan, as amended and restated
      herein, each selected Employee (even those who participated in the Plan
      prior to January 1, 2001) shall execute (including electronic execution) a
      Plan Agreement, an Election Form, and a Beneficiary Designation Form, all
      within 30 days after he or she is selected to participate in the Plan, and
      in no event later than the day before the effective date of the
      Participant's commencement of participation in the Plan. In addition, the
      Committee shall establish from time to time such other enrollment
      requirements as it determines in its sole discretion are
      necessary.

 

	
      2.3
	
      Eligibility;
      Commencement of Participation.
      Provided an Employee selected to participate in the Plan has met all
      enrollment requirements set forth in this Plan and required by the
      Committee, including returning all required documents to the Committee
      within the specified time period, that Employee shall commence
      participation in the Plan on the first day of the month following the
      month in which the Employee completes all enrollment requirements. If an
      Employee fails to meet all such requirements within the period required,
      in accordance with Section 2.2, that Employee shall not be eligible to
      participate in the Plan until the first day of the Plan Year following the
      delivery to and acceptance by the Committee of the required
      documents.

 

	
      2.4
	
      Termination
      of Participation and/or Deferrals.
      If the Committee determines in good faith that a Participant no longer
      qualifies as a member of a select group of management or highly
      compensated employees, as membership in such group is determined in
      accordance with Sections 201(2), 301(a)(3) and 401(a)(1) of ERISA, the
      Committee shall have the right, in its sole discretion, to (i) terminate
      any deferral election the Participant has made for the remainder of the
      Plan Year in which the Participant's membership status changes, (ii)
      prevent the Participant from making future deferral elections and/or (iii)
      immediately distribute the Participant's then Account Balance as a
      Termination Benefit and terminate the Participant's participation in the
      Plan.

 

 

-4-

 

ARTICLE
3

Deferral
Commitments/Company Matching/Crediting/Taxes

 

	
      3.1
	
      Amount
      of Deferrals.

 

For each
Plan Year, a Participant may elect to defer, as his or her Annual Deferral
Amount, Base Annual Salary and Annual Bonus up to the following maximum
percentages for each deferral elected:

 

	
      Deferral
	
      Maximum
      Amount

	
      Base
      Annual Salary
	
      80%

	
      Annual
      Bonus
	
      100%

 

Notwithstanding
the foregoing, if a Participant first becomes a Participant after the first day
of a Plan Year, the maximum Annual Deferral Amount, with respect to both Base
Annual Salary and Annual Bonus, shall be limited to the amount of compensation
not yet earned by the Participant as of the date the Participant submits a Plan
Agreement and Election Form to the Committee for acceptance.

 

No
amounts shall be deferred as an Annual Deferral Amount under this Plan unless
the Employee has elected to make the maximum permissible elective deferrals
under the Company's 401(k) Plan.

 

	
      3.2
	
      Election
      to Defer; Effect of Election Form.

 

	 	
      (a)
	
      First
      Plan Year.
      In connection with a Participant's commencement of participation in the
      Plan, as amended and restated herein (even including Participants who
      actually commenced participation in the Plan prior to January 1, 2001),
      the Participant shall make an irrevocable deferral election for the Plan
      Year in which the Participant commences participation in the Plan, along
      with such other elections as the Committee deems necessary or desirable
      under the Plan. For these elections to be valid, the Election Form must be
      executed by the Participant in accordance with Section 2.2
      above.

 

	 	
      (b)
	
      Subsequent
      Plan Years.
      For each succeeding Plan Year, an irrevocable deferral election for that
      Plan Year, and such other elections as the Committee deems necessary or
      desirable under the Plan, shall be made by timely delivering to the
      Committee, in accordance with its rules and procedures, before the end of
      the Plan Year preceding the Plan Year for which the election is made, a
      new Election Form. If no such Election Form is timely delivered for a Plan
      Year, the Annual Deferral Amount shall be zero for that Plan
      Year.

 

	
      3.3
	
      Withholding
      of Annual Deferral Amounts.
      For each Plan Year, the Base Annual Salary portion of the Annual Deferral
      Amount shall be withheld from each regularly scheduled Base Annual Salary
      payroll in equal amounts, as adjusted from time to time for increases and
      decreases in Base Annual Salary. The Annual Bonus portion of the Annual
      Deferral Amount shall be withheld at the time the Annual Bonus is or
      otherwise would be paid to the Participant, whether or not this occurs
      during the Plan Year itself.

 

	
      3.4
	
      Annual
      Company Matching Amount. A
      Participant's Annual Company Matching Amount for any Plan Year shall be
      equal to the percentage of matching contributions (the "Matching
      Percentage") in effect under the Company's 401(k) Plan for the Plan Year
      multiplied by the sum of the Participant's Annual Deferral Amount and his
      or her elective deferrals under the Company's 401(k) Plan for such Plan
      Year, reduced by the amount of any matching contributions made to the
      401(k) Plan on his or her behalf for the plan year of the 401(k) Plan that
      corresponds to the Plan Year. The Matching Percentage for the Plan Year
      beginning January 1, 2001 shall be an amount equal to seventy-five percent
      (75%). Thus, the Participant's Annual Company Matching Amount for 2001
      shall be seventy-five percent (75%) multiplied by the sum of the
      Participant's Annual Deferral Amount and his or her elective deferrals to
      the Company's 401(k) Plan, to the extent such Annual Deferral Amount and
      elective deferrals do not exceed six percent (6%) of the sum of the
      Participant's Base Annual Salary and Annual Bonus for such Plan Year less
      amounts actually credited to the Company's 401(k) Plan for the applicable
      Plan Year. 

 

 

-5-

 

	
      3.5
	
      Investment
      of Trust Assets.
      The Trustee of the Trust shall be authorized, upon written instructions
      received from the Committee or investment manager appointed by the
      Committee, to invest and reinvest the assets of the Trust in accordance
      with the applicable Trust Agreement, including reinvestment of the
      proceeds in one or more investment vehicles designated by the Committee.
      

 

	
      3.6
	
      Vesting.
      

 

	 	
      (a)
	
      A
      Participant shall at all times be 100% vested in his or her Deferral
      Account. 

 

	 	
      (b)
	
      A
      Participant shall be vested in his or her Company Matching Account in
      accordance with the following schedule:

 

	
      Years
      of Service on Date

      of
      Termination of Employment
	
      Vested
      Percentage of 

      Company
      Matching Account

	
      Less
      than 2 years
	
      0%

	
      2
      years
	
      25%

	
      3
      years
	
      50%

	
      4
      years
	
      75%

	
      5
      years
	
      100%

	 	
      (c)
	
      Notwithstanding
      paragraph (b), a Participant shall be 100% vested in his or her Company
      Matching Account if the Participant (1) attains age 65 while an Employee,
      or (2) dies while an Employee.

 

	 	
      (d)
	
      Notwithstanding
      paragraph (b), in the event of a Participant's Termination following a
      "Change in Control" as such term is defined from time to time in the 21st
      Century Insurance Company Supplemental Executive Retirement Plan, a
      Participant's interest in his or her Company Matching Account shall become
      fully vested and nonforfeitable.

 

	
      3.7
	
      Crediting/Debiting
      of Account Balances.
      In accordance with, and subject to, the rules and procedures that are
      established from time to time by the Committee, in its sole discretion,
      amounts shall be credited or debited to a Participant's Account Balance in
      accordance with the following rules:

 

	 	
      (a)
	
      Election
      of Measurement Funds. A
      Participant, in connection with his or her initial deferral election in
      accordance with Section 3.2(a) above, shall elect, on the Election Form,
      one or more Measurement Fund(s) (as described in Section 3.7(c) below) to
      be used to determine the additional amounts to be credited to his or her
      Account Balance for the first pay period in which the Participant
      commences participation in the Plan and continuing thereafter for each
      subsequent pay period in which the Participant participates in the Plan,
      unless changed in accordance with the next sentence. The foregoing
      election shall also apply to amounts credited to a Participant prior to
      January 1, 2001. The Participant may (but is not required to) elect, by
      submitting an Election Form to the Committee, to add or delete one or more
      Measurement Fund(s) to be used to determine the additional amounts to be
      credited to his or her Account Balance, or to change the portion of his or
      her Account Balance allocated to each previously or newly elected
      Measurement Fund. If an election is made in accordance with the previous
      sentence, it shall apply upon its acceptance by the Committee in its
      discretion and continue thereafter until again changed in accordance with
      the previous sentence.

 

 

-6-

 

	 	
      (b)
	
      Proportionate
      Allocation.
      In making any election described in Section 3.7(a) above, the Participant
      shall specify on the Election Form, in increments of one percentage point
      (1%), the percentage of his or her Account Balance to be allocated to a
      Measurement Fund (as if the Participant was making an investment in that
      Measurement Fund with that portion of his or her Account
      Balance).

 

	 	
      (c)
	
      Measurement
      Funds.
      The Participant may elect one or more measurement funds (the "Measurement
      Funds") for the purpose of crediting additional amounts to his or her
      Account Balance. 

 

As
necessary, the Committee may, in its sole discretion, discontinue, substitute or
add a Measurement Fund. Each such action will take effect as of the date
selected by the Committee. 

 

	 	
      (d)
	
      Crediting
      or Debiting Method.
      The performance of each elected Measurement Fund (either positive or
      negative) will be determined by the Committee, in its reasonable
      discretion, based on the performance of the Measurement Funds themselves.
      A Participant's Account Balance shall be credited or debited on a daily
      basis based on the performance of each Measurement Fund selected by the
      Participant, as
      determined by the Committee in its sole discretion,
      as though (i) a Participant's Account Balance were invested in the
      Measurement Fund(s) selected by the Participant, in the percentages
      applicable to such amounts, as of the close of business on the previous
      day, at the closing price on such date; (ii) the portion of the Annual
      Deferral Amount that was actually credited on that day, if any, were
      invested in the Measurement Fund(s) selected by the Participant, in the
      percentages applicable to such Annual Deferral Amount, as of the close of
      business on such day, at the closing price on such date; and (iii) any
      distribution made to a Participant that decreases such Participant's
      Account Balance ceased being invested in the Measurement Fund(s), in the
      percentages applicable to such amounts, as of the close of business on
      such date. A Participant's Annual Company Matching Amount shall be
      credited to his or her Account Balance for purposes of this Section 3.7(d)
      at the same time and in the same manner as the Annual Deferral Amount to
      which it relates.

 

	 	
      (e)
	
      No
      Actual Investment.
      Notwithstanding any other provision of this Plan that may be interpreted
      to the contrary, the Measurement Funds are to be used for measurement
      purposes only, and a Participant's election of any such Measurement Fund,
      the allocation to his or her Account Balance thereto, the calculation of
      additional amounts and the crediting or debiting of such amounts to a
      Participant's Account Balance shall not be
      considered or construed in any manner as an actual investment of his or
      her Account Balance in any such Measurement Fund. In the event that the
      Company or the Trustee (as that term is defined in the Trust), in its own
      discretion, decides to invest funds in any or all of the Measurement
      Funds, no Participant shall have any rights in or to such investments
      themselves. Without limiting the foregoing, a Participant's Account
      Balance shall at all times be a bookkeeping entry only and shall not
      represent any investment made on his or her behalf by the Company or the
      Trust; the Participant shall at all times remain an unsecured creditor of
      the Company.

 

 

-7-

 

	
      3.8
	
      FICA
      and Other Employment Taxes; Federal Income Tax.
      

 

	 	
      (a)
	
      Annual
      Deferral Amounts.
      FICA and other employment taxes attributable to the Base Annual Salary
      portion of the Annual Deferral Amount shall be withheld by the
      Participant's Employer(s) at the time of each regularly scheduled Base
      Annual Salary payroll, and shall be deducted from the non-deferred portion
      of each such payroll. Employment taxes attributable to the Annual Bonus
      portion of the Annual Deferral Amount shall be withheld by the
      Participant's Employer(s) at the time the Annual Bonus is or otherwise
      would be paid to the Participant, and shall be deducted from the
      non-deferred portion of such Annual Bonus. If necessary, the Committee may
      reduce either the Base Annual Salary portion or the Annual Bonus portion
      of the Annual Deferral Amount in order to comply with this Section
      3.8.

 

	 	
      (b)
	
      Company
      Matching Amounts.
      FICA and other employment taxes attributable to amounts in the
      Participant's Company Matching Account shall be withheld by the
      Participant's Employer(s) when, and as, the Participant becomes vested in
      such Company Matching Account. Such employment taxes shall be deducted
      from the non-deferred portion of the Participant's Base Annual Salary
      and/or Annual Bonus. If necessary, the Committee may reduce the vested
      portion of the Participant's Company Matching Account in order to comply
      with this Section 3.8.

 

	 	
      (c)
	
      Distributions.
      The Participant's Employer(s), or the trustee of the Trust, shall withhold
      from any payments made to a Participant under this Plan all federal, state
      and local income taxes and any other taxes required to be withheld by the
      Employer(s), or the trustee of the Trust, in connection with such
      payments, in amounts and in a manner to be determined in the sole
      discretion of the Employer(s) and the trustee of the Trust.
    

 

ARTICLE
4

Unforeseeable
Financial Emergencies; Withdrawal Election

 

	
      4.1
	
      Withdrawal
      Payout for Unforeseeable Financial Emergencies.
      If the Participant experiences an Unforeseeable Financial Emergency, the
      Participant may petition the Committee to receive a partial or full payout
      from the Plan. The payout shall not exceed the lesser of the Participant's
      Account Balance, calculated as if such Participant were receiving a
      Termination Benefit, or the amount reasonably needed to satisfy the
      Unforeseeable Financial Emergency. If, subject to the sole discretion of
      the Committee, the petition for a payout is approved, such payout shall be
      made within 60 days of the date of approval.

 

	
      4.2
	
      Withdrawal
      Election. A
      Participant may elect, at any time, to withdraw all of his or her Account
      Balance, calculated as if there had occurred a Termination of Employment
      as of the day of the election, less a withdrawal penalty equal to 10% of
      such amount (the net amount shall be referred to as the "Withdrawal
      Amount"). This election can be made at any time, before or after
      Retirement, Disability, death or Termination of Employment, and whether or
      not the Participant is in the process of being paid pursuant to an
      installment payment schedule. If made before Retirement, Disability or
      death, a Participant's Withdrawal Amount shall be all or a portion of his
      or her Account Balance calculated as if there had occurred a Termination
      of Employment as of the day of the election. The Participant shall make
      this election by giving the Committee advance written notice of the
      election in a form determined from time to time by the Committee. The
      Participant shall be paid the Withdrawal Amount within 60 days of his or
      her election. Once the Withdrawal Amount is paid, the Participant's
      participation in the Plan shall be suspended during the Plan Year in which
      the withdrawal occurs and the next-following Plan Year.

 

 

-8-

 

ARTICLE
5

Retirement
Benefit

 

	
      5.1
	
      Retirement
      Benefit. A
      Participant who Retires shall receive as a Retirement Benefit his or her
      Account Balance.

 

	
      5.2
	
      Payment
      of Retirement Benefit. A
      Participant, in connection with his or her commencement of participation
      in the Plan, shall elect on an Election Form to receive the Retirement
      Benefit in a lump sum or pursuant to a Quarterly Installment Method of 20,
      40 or 60 quarters. This election shall apply to amounts credited to the
      Participant prior to January 1, 2001, and shall supersede any elections
      previously made with respect to such amounts. The Participant may annually
      change his or her election to an allowable alternative payout period by
      submitting a new Election Form to the Committee, provided that any such
      Election Form is submitted at least one (1) year prior to the
      Participant's Retirement and is accepted by the Committee in its sole
      discretion. The Election Form most recently received by the Committee
      shall govern the payout of the Retirement Benefit. If a Participant does
      not make any election with respect to the payment of the Retirement
      Benefit, then such benefit shall be payable in a lump sum. The lump sum
      payment shall be made, or installment payments shall commence, no later
      than sixty (60) days after the last day of the Plan Year in which the
      Participant Retires. 

 

Notwithstanding
any other provision of the Plan to the contrary, the Participant's Account shall
be paid in the form of a lump sum if such Account is less than $25,000 as of the
date the Participant Retires.

 

	
      5.3
	
      Death
      Prior to Completion of Retirement Benefit.
      If a Participant dies after Retirement but before the Retirement Benefit
      is paid in full, the Participant's unpaid Retirement Benefit payments
      shall continue and shall be paid to the Participant's Beneficiary over the
      remaining number of quarters and in the same amounts as that benefit would
      have been paid to the Participant had the Participant
      survived.

 

ARTICLE
6

Pre-Retirement
Survivor Benefit

 

	
      6.1
	
      Pre-Retirement
      Survivor Benefit.
      The Participant's Beneficiary shall receive a Pre-Retirement Survivor
      Benefit equal to the Participant's Account Balance if the Participant dies
      before he or she Retires, experiences a Termination of Employment or
      suffers a Disability.

 

	
      6.2
	
      Payment
      of Pre-Retirement Survivor Benefit. A
      Participant, in connection with his or her commencement of participation
      in the Plan, shall elect on an Election Form whether the Pre-Retirement
      Survivor Benefit shall be received by his or her Beneficiary in a lump sum
      or pursuant to a Quarterly Installment Method of 20, 40, or 60 quarters.
      The Participant may annually change this election to an allowable
      alternative payout period by submitting a new Election Form to the
      Committee, which form must be accepted by the Committee in its sole
      discretion. The Election Form most recently received by the Committee
      prior to the Participant's death shall govern the payout of the
      Participant's Pre-Retirement Survivor Benefit. If a Participant does not
      make any election with respect to the payment of the Pre-Retirement
      Survivor Benefit, then such benefit shall be paid in a lump sum. Despite
      the foregoing, if the Participant's Account Balance at the time of his or
      her death is less than $25,000, payment of the Pre-Retirement Survivor
      Benefit shall be made in the form of a lump sum. The lump sum payment
      shall be made, or installment payments shall commence, no later than sixty
      (60) days after the last day of the Plan Year in which the Committee is
      provided with proof that is satisfactory to the Committee of the
      Participant's death. 

 

 

-9-

 

ARTICLE
7

Termination
Benefit

 

	
      7.1
	
      Termination
      Benefit.
      The Participant shall receive a Termination Benefit which shall be equal
      to the Participant's Account Balance if a Participant experiences a
      Termination of Employment prior to his or her Retirement, death or
      Disability.

 

	
      7.2
	
      Payment
      of Termination Benefit. A
      Participant, in connection with his or her commencement of participation
      in the Plan, shall elect on an Election Form to receive the Termination
      Benefit in a lump sum or pursuant to a Quarterly Installment Method of 20,
      40 or 60 quarters. This election shall apply to amounts credited to the
      Participant prior to January 1, 2001, and shall supersede any election
      previously made with respect to such amounts. The Participant may annually
      change his or her election to an allowable alternative payout period by
      submitting a new Election Form to the Committee, provided that any such
      Election Form is submitted at least one (1) year prior to the
      Participant's Termination and is accepted by the Committee in its sole
      discretion. The Election Form most recently received by the Committee
      shall govern the payout of the Termination Benefit. If a Participant does
      not make any election with respect to the payment of the Termination
      Benefit, then such benefit shall be payable in a lump sum. The lump sum
      payment shall be made, or installment payments shall commence, no later
      than sixty (60) days after the last day of the Plan Year in which the
      Participant Terminates. 

 

Notwithstanding
any other provision of the Plan to the contrary, the Participant's Account shall
be paid in the form of a lump sum if such Account is less than $25,000 as of the
date the Participant Terminates.

 

	
      7.3
	
      Death
      Prior to Completion of Termination Benefit.
      If a Participant dies after Termination but before the Termination Benefit
      is paid in full, the Participant's unpaid Termination Benefit payments
      shall continue and shall be paid to the Participant's Beneficiary over the
      remaining number of quarters and in the same amounts as that benefit would
      have been paid to the Participant had the Participant
      survived.

 

 

-10-

 

ARTICLE
8

Disability
Waiver and Benefit

 

	
      8.1
	
      Disability
      Waiver. 

 

	 	
      (a)
	
      Waiver
      of Deferral. A
      Participant who is determined by the Committee to be suffering from a
      Disability shall be excused from fulfilling that portion of the Annual
      Deferral Amount commitment that would otherwise have been withheld from a
      Participant's Base Annual Salary and/or Annual Bonus for the Plan Year
      during which the Participant first suffers a Disability. During the period
      of Disability, the Participant shall not be allowed to make any additional
      deferral elections, but will continue to be considered a Participant for
      all other purposes of this Plan.

 

	 	
      (b)
	
      Return
      to Work.
      If a Participant returns to employment with an Employer after a Disability
      ceases, the Participant may elect to defer an Annual Deferral Amount for
      the Plan Year following his or her return to employment or service and for
      every Plan Year thereafter while a Participant in the Plan; provided such
      deferral elections are otherwise allowed and an Election Form is delivered
      to and accepted by the Committee for each such election in accordance with
      Section 3.2 above.

 

	
      8.2
	
      Continued
      Eligibility; Disability Benefit. A
      Participant suffering a Disability shall, for benefit purposes under this
      Plan, continue to be considered to be employed and shall be eligible for
      the benefits provided for in Articles 4, 5, 6 or 7 in accordance with the
      provisions of those Articles. Notwithstanding the above, the Committee
      shall have the right to, in its sole and absolute discretion and for
      purposes of this Plan only, deem the Participant to have experienced a
      Termination of Employment, or in the case of a Participant who is eligible
      to Retire, to have Retired, at any time (or in the case of a Participant
      who is eligible to Retire, as soon as practicable) after such Participant
      is determined to be suffering a Disability, in which case the Participant
      shall receive a Disability Benefit equal to his or her Account Balance at
      the time of the Committee's determination; provided, however, that should
      the Participant otherwise have been eligible to Retire, he or she shall be
      paid in accordance with Article 5. The Disability Benefit shall be paid in
      a lump sum within 60 days of the Committee's exercise of such
      right.

 

	
      8.3
	
      Death
      Prior to Completion of Disability Benefit.
      If a Participant dies before his or her Disability Benefit is paid in
      full, any unpaid portion of the Disability Benefit shall be paid to the
      Participant's Beneficiary in the same manner as that benefit would have
      been paid to the Participant had the Participant
  survived.

 

 

-11-

 

ARTICLE
9

Beneficiary
Designation

 

	
      9.1
	
      Beneficiary.
      Each Participant shall have the right, at any time, to designate his or
      her Beneficiary(ies) (both primary as well as contingent) to receive any
      benefits payable under the Plan to a beneficiary upon the death of a
      Participant. The Beneficiary designated under this Plan may be the same as
      or different from the Beneficiary designation under any other plan of an
      Employer in which the Participant
participates.

 

	
      9.2
	
      Beneficiary
      Designation; Change; Spousal Consent. A
      Participant shall designate his or her Beneficiary by completing the
      Beneficiary Designation Form and submitting it to the Committee, including
      electronic submission, in the method designated by the Committee. A
      Participant shall have the right to change a Beneficiary by completing a
      new Beneficiary Designation Form and otherwise complying with the
      Committee's rules and procedures, as in effect from time to time. If the
      Participant names someone other than his or her spouse as a Beneficiary, a
      spousal consent, in the form designated by the Committee, must be signed
      by that Participant's spouse and returned to the Committee. Upon the
      acceptance by the Committee of a new Beneficiary Designation Form, all
      Beneficiary designations previously filed shall be canceled. The Committee
      shall be entitled to rely on the last Beneficiary Designation Form
      received by the Committee prior to a Participant's
  death.

 

	
      9.3
	
      Acknowledgment.
      No designation or change in designation of a Beneficiary shall be
      effective until received and acknowledged in writing by the Committee or
      its designated agent.

 

	
      9.4
	
      No
      Beneficiary Designation.
      If a Participant fails to designate a Beneficiary as provided in Sections
      9.1, 9.2 and 9.3 above or, if all designated Beneficiaries predecease the
      Participant or die prior to complete distribution of the Participant's
      benefits, then the Participant's designated Beneficiary shall be deemed to
      be his or her surviving spouse. If the Participant has no surviving
      spouse, the benefits remaining under the Plan to be paid to a Beneficiary
      shall be payable to the executor or personal representative of the
      Participant's estate.

 

	
      9.5
	
      Doubt
      as to Beneficiary.
      If the Committee has any doubt as to the proper Beneficiary to receive
      payments pursuant to this Plan, the Committee shall have the right,
      exercisable in its discretion, to cause the Participant's Employer or the
      Trust to withhold such payments until this matter is resolved to the
      Committee's satisfaction.

 

	
      9.6
	
      Discharge
      of Obligations.
      The payment of benefits under the Plan to a Beneficiary shall fully and
      completely discharge all Employers and the Committee from all further
      obligations under this Plan with respect to the Participant, and that
      Participant's Plan Agreement shall terminate upon such full payment of
      benefits.

 

ARTICLE
10

Leave
of Absence

 

	
      10.1
	
      Paid
      Leave of Absence.
      If a Participant is authorized by the Participant's Employer for any
      reason to take a paid leave of absence from the employment of the
      Employer, the Participant shall continue to be considered employed by the
      Employer and the Annual Deferral Amount shall continue to be withheld
      during such paid leave of absence in accordance with Section
      3.3.

	
      10.2
	
      Unpaid
      Leave of Absence.
      If a Participant is authorized by the Participant's Employer for any
      reason to take an unpaid leave of absence from the employment of the
      Employer, the Participant shall continue to be considered employed by the
      Employer and the Participant shall be excused from making deferrals until
      the earlier of the date the leave of absence expires or the Participant
      returns to a paid employment status. Upon such expiration or return,
      deferrals shall resume for the remaining portion of the Plan Year in which
      the expiration or return occurs, based on the deferral election, if any,
      made for that Plan Year. If no election was made for that Plan Year, no
      deferral shall be withheld.

 

 

-12-

 

ARTICLE
11

Termination,
Amendment or Modification

 

	
      11.1
	
      Termination.
      Although each Employer anticipates that it will continue the Plan for an
      indefinite period of time, there is no guarantee that any Employer will
      continue the Plan or will not terminate the Plan at any time in the
      future. Accordingly, each Employer reserves the right to discontinue its
      sponsorship of the Plan and/or to terminate the Plan at any time with
      respect to any or all of its participating Employees, by action of its
      board of directors. Upon the termination of the Plan with respect to any
      Employer, the Plan Agreements of the affected Participants who are
      employed by that the Employer shall terminate and their Account Balances,
      determined as if they had experienced a Termination of Employment on the
      date of Plan termination or, if Plan termination occurs after the date
      upon which a Participant was eligible to Retire, then with respect to that
      Participant as if he or she had Retired on the date of Plan termination,
      shall be paid to the Participants as follows: If the Plan is terminated
      with respect to all of its Participants, an Employer shall have the right,
      in its sole discretion, and notwithstanding any elections made by the
      Participant, to pay such benefits in a lump sum or pursuant to a Quarterly
      Installment Method of up to 60 quarters, with amounts credited and debited
      during the installment period as provided herein. If the Plan is
      terminated with respect to less than all of its Participants, an Employer
      shall be required to pay such benefits in a lump sum. The termination of
      the Plan shall not adversely affect any Participant or Beneficiary who has
      become entitled to the payment of any benefits under the Plan as of the
      date of termination; provided however, that the Employer shall have the
      right to accelerate installment payments without a premium or prepayment
      penalty by paying the Account Balance in a lump sum or pursuant to a
      Quarterly Installment Method using fewer quarters (provided that the
      present value of all payments that will have been received by a
      Participant at any given point of time under the different payment
      schedule shall equal or exceed the present value of all payments that
      would have been received at that point in time under the original payment
      schedule).

 

	
      11.2
	
      Amendment.
      Any Employer may, at any time, amend or modify the Plan in whole or in
      part with respect to that Employer by the action of its board of
      directors; provided, however, that: (i) no amendment or modification shall
      be effective to decrease or restrict the value of a Participant's Account
      Balance in existence at the time the amendment or modification is made,
      calculated as if the Participant had experienced a Termination of
      Employment as of the effective date of the amendment or modification or,
      if the amendment or modification occurs after the date upon which the
      Participant was eligible to Retire, the Participant had Retired as of the
      effective date of the amendment or modification, and (ii) no amendment or
      modification of this Section 11.2 of the Plan shall be effective. The
      amendment or modification of the Plan shall not affect any Participant or
      Beneficiary who has become entitled to the payment of benefits under the
      Plan as of the date of the amendment or modification; provided, however,
      that the Employer shall have the right to accelerate installment payments
      by paying the Account Balance in a lump sum or pursuant to a Quarterly
      Installment Method using fewer quarters (provided that the present value
      of all payments that will have been received by a Participant at any given
      point of time under the different payment schedule shall equal or exceed
      the present value of all payments that would have been received at that
      point in time under the original payment
schedule).

 

 

-13-

 

	
      11.3
	
      Plan
      Agreement.
      Despite the provisions of Sections 11.1 and 11.2 above, if a Participant's
      Plan Agreement contains benefits or limitations that are not in this Plan
      document, the Employer may only amend or terminate such provisions with
      the consent of the Participant.

 

	
      11.4
	
      Effect
      of Payment.
      The full payment of the applicable benefit under Articles 4, 5, 6, 7 and 8
      of the Plan shall completely discharge all obligations to a Participant
      and his or her designated Beneficiaries under this Plan and the
      Participant's Plan Agreement shall
terminate.

 

 

ARTICLE
12

Administration

 

	
      12.1
	
      Committee
      Duties.
      Except as otherwise provided in this Article 12, this Plan shall be
      administered by a Committee which shall consist of the Board, or such
      committee as the Board shall appoint. Members of the Committee may be
      Participants under this Plan. The Committee shall also have the discretion
      and authority to (i) make, amend, interpret, and enforce all appropriate
      rules and regulations for the administration of this Plan and (ii) decide
      or resolve any and all questions including interpretations of this Plan,
      as may arise in connection with the Plan. Any individual serving on the
      Committee who is a Participant shall not vote or act on any matter
      relating solely to himself or herself. Benefits under this Plan will be
      paid only if the Committee decides in its discretion that the claimant is
      entitled to them. When making a determination or calculation, the
      Committee shall be entitled to rely on information furnished by a
      Participant or the Company.

 

	
      12.2
	
      Agents.
      In the administration of this Plan, the Committee may, from time to time,
      employ agents and delegate to them such administrative duties as it sees
      fit (including acting through a duly appointed representative) and may
      from time to time consult with counsel who may be counsel to any
      Employer.

 

	
      12.3
	
      Binding
      Effect of Decisions.
      The decision or action of the Administrator with respect to any question
      arising out of or in connection with the administration, interpretation
      and application of the Plan and the rules and regulations promulgated
      hereunder shall be final and conclusive and binding upon all persons
      having any interest in the Plan.

 

	
      12.4
	
      Indemnity
      of Committee.
      All Employers shall indemnify and hold harmless the members of the
      Committee, any Employee to whom the duties of the Committee may be
      delegated, and the Administrator against any and all claims, losses,
      damages, expenses or liabilities arising from any action or failure to act
      with respect to this Plan, except in the case of willful misconduct by the
      Committee, any of its members, any such Employee or the
      Administrator.

 

	
      12.5
	
      Employer
      Information.
      To enable the Committee and/or Administrator to perform its functions, the
      Company and each Employer shall supply full and timely information to the
      Committee and/or Administrator, as the case may be, on all matters
      relating to the compensation of its Participants, the date and
      circumstances of the Retirement, Disability, death or circumstances of the
      Retirement, Disability, death or Termination of Employment of its
      Participants, and such other pertinent information as the Committee or
      Administrator may reasonably require.

 

 

-14-

 

ARTICLE
13

Other
Benefits and Agreements

 

	
      13.1
	
      Coordination
      with Other Benefits.
      The benefits provided for a Participant and Participant's Beneficiary
      under the Plan are in addition to any other benefits available to such
      Participant under any other plan or program for employees of the
      Participant's Employer. The Plan shall supplement and shall not supersede,
      modify or amend any other such plan or program except as may otherwise be
      expressly provided.

 

ARTICLE
14

Claims
Procedures

 

	
      14.1
	
      Presentation
      of Claim.
      Any Participant or Beneficiary of a deceased Participant (such Participant
      or Beneficiary being referred to below as a "Claimant") may deliver to the
      Committee a written claim for a determination with respect to the amounts
      distributable to such Claimant from the Plan. If such a claim relates to
      the contents of a notice received by the Claimant, the claim must be made
      within 60 days after such notice was received by the Claimant. All other
      claims must be made within 180 days of the date on which the event that
      caused the claim to arise occurred. The claim must state with
      particularity the determination desired by the
Claimant.

 

	
      14.2
	
      Notification
      of Decision.
      The Committee shall consider a Claimant's claim within a reasonable time,
      and shall notify the Claimant in writing:

 

	 	
      (a)
	
      that
      the Claimant's requested determination has been made, and that the claim
      has been allowed in full; or

 

	 	
      (b)
	
      that
      the Committee has reached a conclusion contrary, in whole or in part, to
      the Claimant's requested determination, and such notice must set forth in
      a manner calculated to be understood by the
Claimant:

 

	 	
      (i)
	
      the
      specific reason(s) for the denial of the claim, or any part of
      it;

 

	 	
      (ii)
	
      specific
      reference(s) to pertinent provisions of the Plan upon which such denial
      was based;

 

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

 

	 	
      (iv)
	
      an
      explanation of the claim review procedure set forth in Section 14.3
      below.

 

	
      14.3
	
      Review
      of a Denied Claim.
      Within 60 days after receiving a notice from the Committee that a claim
      has been denied, in whole or in part, a Claimant (or the Claimant's duly
      authorized representative) may file with the Committee a written request
      for a review of the denial of the claim. Thereafter, but not later than 30
      days after the review procedure began, the Claimant (or the Claimant's
      duly authorized representative):

 

	 	
      (a)
	
      may
      review pertinent documents;

 

	 	
      (b)
	
      may
      submit written comments or other documents;
and/or

 

	 	
      (c)
	
      may
      request a hearing, which the Committee, in its sole discretion, may
      grant.

 

 

-15-

 

	
      14.4
	
      Decision
      on Review.
      The Committee shall render its decision on review promptly, and not later
      than 60 days after the filing of a written request for review of the
      denial, unless a hearing is held or other special circumstances require
      additional time, in which case the Committee's decision must be rendered
      within 120 days after such date. Such decision must be written in a manner
      calculated to be understood by the Claimant, and it must
      contain:

 

	 	
      (a)
	
      specific
      reasons for the decision;

 

	 	
      (b)
	
      specific
      reference(s) to the pertinent Plan provisions upon which the decision was
      based; and

 

	 	
      (c)
	
      such
      other matters as the Committee deems
relevant.

 

	
      14.5
	
      Legal
      Action. A
      Claimant's compliance with the foregoing provisions of this Article 14 is
      a mandatory prerequisite to a Claimant's right to commence any legal
      action with respect to any claim for benefits under this
    Plan.

 

ARTICLE
15

Trust

 

	
      15.1
	
      Establishment
      of the Trust.
      The Company shall establish the Trust, and each Employer shall at least
      annually transfer over to the Trust such assets as the Employer
      determines, in its sole discretion, are necessary to provide, on a present
      value basis, for its respective future liabilities created with respect to
      the Annual Deferral Amounts, Annual Company Contribution Amounts, and
      Company Matching Amounts for such Employer's Participants for all periods
      prior to the transfer, as well as any debits and credits to the
      Participants' Account Balances for all periods prior to the transfer,
      taking into consideration the value of the assets in the trust at the time
      of the transfer.

 

	
      15.2
	
      Interrelationship
      of the Plan and the Trust.
      The provisions of the Plan and the Plan Agreement shall govern the rights
      of a Participant to receive distributions pursuant to the Plan. The
      provisions of the Trust shall govern the rights of the Employers,
      Participants and the creditors of the Employers to the assets transferred
      to the Trust. Each Employer shall at all times remain liable to carry out
      its obligations under the Plan.

 

	
      15.3
	
      Distributions
      From the Trust.
      Each Employer's obligations under the Plan may be satisfied with Trust
      assets distributed pursuant to the terms of the Trust, and any such
      distribution shall reduce the Employer's obligations under this
      Plan.

 

ARTICLE
16

Miscellaneous

 

	
      16.1
	
      Status
      of Plan.
      The Plan is intended to be a plan that is not qualified within the meaning
      of Code Section 401(a) and that "is unfunded and is maintained by an
      employer primarily for the purpose of providing deferred compensation for
      a select group of management or highly compensated employee" within the
      meaning of ERISA Sections 201(2), 301(a)(3) and 401(a)(1). The Plan shall
      be administered and interpreted to the extent possible in a manner
      consistent with that intent.

 

	
      16.2
	
      Unsecured
      General Creditor.
      Participants and their Beneficiaries, heirs, successors and assigns shall
      have no legal or equitable rights, interests or claims in any property or
      assets of an Employer. For purposes of the payment of benefits under this
      Plan, any and all of an Employer's assets shall be, and remain, the
      general, unpledged unrestricted assets of the Employer. An Employer's
      obligation under the Plan shall be merely that of an unfunded and
      unsecured promise to pay money in the
future.

 

 

-16-

 

	
      16.3
	
      Employer's
      Liability.
      An Employer's liability for the payment of benefits shall be defined only
      by the Plan and the Plan Agreement, as entered into between the Employer
      and a Participant. An Employer shall have no obligation to a Participant
      under the Plan except as expressly provided in the Plan and his or her
      Plan Agreement.

 

	
      16.4
	
      Nonassignability.
      Neither a Participant nor any other person shall have any right to
      commute, sell, assign, transfer, pledge, anticipate, mortgage or otherwise
      encumber, transfer, hypothecate, alienate or convey in advance of actual
      receipt, the amounts, if any, payable hereunder, or any part thereof,
      which are, and all rights to which are expressly declared to be,
      unassignable and non-transferable. No part of the amounts payable shall,
      prior to actual payment, be subject to seizure, attachment, garnishment or
      sequestration for the payment of any debts, judgments, alimony or separate
      maintenance owed by a Participant or any other person, be transferable by
      operation of law in the event of a Participant's or any other person's
      bankruptcy or insolvency or be transferable to a spouse as a result of a
      property settlement or otherwise.

 

	
      16.5
	
      Not
      a Contract of Employment.
      The terms and conditions of this Plan shall not be deemed to constitute a
      contract of employment between any Employer and the Participant. Such
      employment is hereby acknowledged to be an "at will" employment
      relationship that can be terminated at any time for any reason, or no
      reason, with or without cause, and with or without notice, unless
      expressly provided in a written employment agreement. Nothing in this Plan
      shall be deemed to give a Participant the right to be retained in the
      service of any Employer, either as an Employee or a Director, or to
      interfere with the right of any Employer to discipline or discharge the
      Participant at any time.

 

	
      16.6
	
      Furnishing
      Information. A
      Participant or his or her Beneficiary will cooperate with the Committee by
      furnishing any and all information requested by the Committee and take
      such other actions as may be requested in order to facilitate the
      administration of the Plan and the payments of benefits hereunder,
      including but not limited to taking such physical examinations as the
      Committee may deem necessary.

 

	
      16.7
	
      Terms.
      Whenever any words are used herein in the masculine, they shall be
      construed as though they were in the feminine in all cases where they
      would so apply; and whenever any words are used herein in the singular or
      in the plural, they shall be construed as though they were used in the
      plural or the singular, as the case may be, in all cases where they would
      so apply.

 

	
      16.8
	
      Captions.
      The captions of the articles, sections and paragraphs of this Plan are for
      convenience only and shall not control or affect the meaning or
      construction of any of its provisions.

 

	
      16.9
	
      Governing
      Law.
      Subject to ERISA, the provisions of this Plan shall be construed and
      interpreted according to the internal laws of the State of California,
      without regard to its conflicts of laws
principles.

 

 

-17-

 

	
      16.10
	
      Notice.
      Any notice or filing required or permitted to be given to the Committee
      under this Plan shall be sufficient if in writing and hand-delivered, or
      sent by registered or certified mail, to the address below:
    

 

	
      401(k)
      Supplemental Plan Committee

      21st
      Century Insurance Company

	
      6301
      Owensmouth Avenue

	
      Woodland
      Hills, CA 91367

 

Such
notice shall be deemed given as of the date of delivery or, if delivery is made
by mail, as of the date shown on the postmark on the receipt for registration or
certification.

 

Any
notice or filing required or permitted to be given to a Participant under this
Plan shall be sufficient if in writing and hand-delivered, or sent by mail, to
the last known address of the Participant.

 

	
      16.11
	
      Successors.
      The provisions of this Plan shall bind and inure to the benefit of the
      Participant's Employer and its successors and assigns and the Participant
      and the Participant's designated
Beneficiaries.

 

	
      16.12
	
      Spouse's
      Interest.
      The interest in the benefits hereunder of a spouse of a Participant who
      has predeceased the Participant shall automatically pass to the
      Participant and shall not be transferable by such spouse in any manner,
      including but not limited to such spouse's will, nor shall such interest
      pass under the laws of intestate
succession.

 

	
      16.13
	
      Validity.
      In case any provision of this Plan shall be illegal or invalid for any
      reason, said illegality or invalidity shall not affect the remaining parts
      hereof, but this Plan shall be construed and enforced as if such illegal
      or invalid provision had never been inserted
herein.

 

	
      16.14
	
      Incompetent.
      If the Committee determines in its discretion that a benefit under this
      Plan is to be paid to a minor, a person declared incompetent or to a
      person incapable of handling the disposition of that person's property,
      the Committee may direct payment of such benefit to the guardian, legal
      representative or person having the care and custody of such minor,
      incompetent or incapable person. The Committee may require proof of
      minority, incompetence, incapacity or guardianship, as it may deem
      appropriate prior to distribution of the benefit. Any payment of a benefit
      shall be a payment for the account of the Participant and the
      Participant's Beneficiary, as the case may be, and shall be a complete
      discharge of any liability under the Plan for such payment
      amount.

 

	
      16.15
	
      Court
      Order.
      The Committee is authorized to make any payments directed by court order
      in any action in which the Plan or the Committee has been named as a
      party. In addition, if a court determines that a spouse or former spouse
      of a Participant has an interest in the Participant's benefits under the
      Plan in connection with a property settlement or otherwise, the Committee,
      in its sole discretion, shall have the right, notwithstanding any election
      made by a Participant, to immediately distribute the spouse's or former
      spouse's interest in the Participant's benefits under the Plan to that
      spouse or former spouse.

 

	
      16.16
	
      Distribution
      in the Event of Taxation.

 

	 	
      (a)
	
      In
      General.
      If, for any reason, all or any portion of a Participant's benefits under
      this Plan becomes taxable to the Participant prior to receipt, a
      Participant may petition the Committee for a distribution of that portion
      of his or her benefit that has become taxable. Upon the grant of such a
      petition, which grant shall not be unreasonably withheld, a Participant's
      Employer shall distribute to the Participant immediately available funds
      in an amount equal to the taxable portion of his or her benefit (which
      amount shall not exceed a Participant's unpaid Account Balance under the
      Plan). If the petition is granted, the tax liability distribution shall be
      made within 90 days of the date when the Participant's petition is
      granted. Such a distribution shall affect and reduce the benefits to be
      paid under this Plan.

 

 

-18-

 

	 	
      (b)
	
      Trust.
      If the Trust terminates in accordance with its terms and benefits are
      distributed from the Trust to a Participant in accordance therewith, the
      Participant's benefits under this Plan shall be reduced to the extent of
      such distributions.

 

	
      16.17
	
      Insurance.
      The Employers, on their own behalf or on behalf of the trustee of the
      Trust, and, in their sole discretion, may apply for and procure insurance
      on the life of the Participant, in such amounts and in such forms as the
      Trust may choose. The Employers or the trustee of the Trust, as the case
      may be, shall be the sole owner and beneficiary of any such insurance. The
      Participant shall have no interest whatsoever in any such policy or
      policies, and at the request of the Employers shall submit to medical
      examinations and supply such information and execute such documents as may
      be required by the insurance company or companies to whom the Employers
      have applied for insurance.

 

IN
WITNESS WHEREOF, the Company has signed this Plan document as of December 19,
2003.

 

21ST
CENTURY INSURANCE COMPANY

By:
__________________________________

Richard
A. Andre

Title:_Sr.
Vice-President, Human Resources____________

By:
__________________________________

Michael
Cassanego

Title:
Sr.
Vice-President & General Counsel_____________

 

-19-

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