Document:

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                                                                   EXHIBIT 10.48

                          AMENDMENT NUMBER FOUR TO THE
                              GENUINE PARTS COMPANY
                          SUPPLEMENTAL RETIREMENT PLAN

         This Amendment to The Genuine Parts Company Supplemental Retirement
Plan is adopted by Genuine Parts Company (the "Company"), effective as of the
date set forth herein.

                                   WITNESSETH:

         WHEREAS, the Company maintains The Genuine Parts Company Supplemental
Retirement Plan (the "Plan"), and such Plan is currently in effect; and

         WHEREAS, the Company desires to amend the Plan;

         NOW, THEREFORE, BE IT RESOLVED that the Plan is hereby amended as
follows:

                                       1.

         The definition of "Committee" as set forth in Section 2.01 is hereby
changed. In lieu of the Compensation and Stock Option Committee of the Board of
Directors of Genuine Parts Company, the Committee shall be defined as the
"Pension and Benefits Committee of Genuine Parts Company."

                                       2.

         Sections 5.01(a) and 5.01(b) are deleted in their entirety,
Section 5.01(c) is hereby renumbered as Section 5.01(d) and new
Sections 5.01(a), 5.01(b) and 5.01(c) are substituted in lieu thereof to read as
follows:

"5.01    Change of Control.

         (a)      In the event there is a Change of Control of Genuine Parts (as
                  defined in Section 5.01(d)), a Participant described below
                  shall receive an immediate lump sum payment of the
                  Participant's Supplemental Retirement Income in lieu of the
                  Supplemental Retirement Income otherwise provided under this
                  Plan.

                  (i)      A Participant who terminates employment on account of
                           the Change of Control (as defined below) must have
                           attained age 55 with at least fifteen (15) years of
                           Credited Service for vesting purposes under the
                           Pension Plan on or prior to the Participant's
                           termination of employment of account of the Change of
                           Control.

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                           Such Participant's lump sum benefit shall be computed
                           as described in Section 5.01(b) below.

                  (ii)     A Participant (or his or her Beneficiary or
                           Contingent Annuitant if the Participant is not
                           living) who does not satisfy the conditions of
                           subparagraph (i) above but who terminated employment
                           prior to the Change of Control and who is receiving
                           or entitled to receive benefits under the Plan
                           following the Change in Control shall receive a lump
                           sum benefit computed as described in Section 5.01(c).

                  (iii)    For purposes of this Section 5.01(a), a Participant's
                           employment shall be considered to have "terminated on
                           account of such Change of Control" if the
                           Participant's employment with the Employer is
                           terminated for any reason (e.g., resignation,
                           involuntary termination, disability, death, etc.)
                           during the five-year period beginning on the date on
                           which the Change in Control occurred.

         (b)      The lump sum payment for a Participant described in
                  Section 5.01(a)(i) shall be determined by computing the
                  present value of the Participant's monthly Supplemental
                  Retirement Income as of the date of the Participant's
                  termination of employment (calculated pursuant to the formula
                  set forth in Section 3.01(a)). The present value amount shall
                  be determined using the Applicable Interest Rate and
                  Applicable Mortality Table as defined in Section 4.11 of the
                  Pension Plan (i.e., the interest rate used to compute a lump
                  sum payout from the Pension Plan following a change in
                  control).

         (c)      The lump sum payment for a Participant described in
                  Section 5.01(a)(ii) shall be determined by computing the
                  present value of the remaining unpaid monthly Supplemental
                  Retirement Income payments under this Plan using the
                  Applicable Interest Rate and Applicable Mortality Table as
                  defined in Section 4.11 of the Pension Plan (i.e., the
                  interest rate used to compute a lump sum payout from the
                  Pension Plan following a Change of Control) and by assuming
                  such payments begin or continue (as the case may be)
                  immediately following the Change of Control."

                                       3.

Section 6.03 is deleted in its entirety and a new Section 6.03 is substituted in
lieu thereof to read as follows:

"Section 6.03     Cost of Collection; Interest.

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           In any action taken in good faith relating to the enforcement of
         benefits under this Plan or any provision herein, the Participant (or
         the Beneficiary or Contingent Annuitant, as the case may be) shall be
         entitled to be paid any and all costs and expenses incurred by him or
         her in enforcing or establishing his or her rights under this Plan,
         including, without limitation, reasonable attorneys' fees, whether suit
         be brought or not, and whether or not incurred in trial, bankruptcy or
         appellate proceedings, but only if Participant (or Beneficiary or
         Contingent Annuitant) is successful on at least one material issue
         raised in the enforcement proceeding. In addition, the Employer shall
         pay to the Participant (or Beneficiary or Contingent Annuitant)
         interest on all or any part of the payments that are not paid when due
         at a rate equal to the Prime Rate as announced by Trust Company Bank or
         its successors from time to time."

                                       4.

This Amendment shall be effective July 1, 2001. Except as amended herein, the
Plan shall remain in full force and effect.

         IN WITNESS WHEREOF, the Pension and Benefits Committee has caused this
Amendment to the Plan to be executed on the date shown below, but effective as
of the date indicated above.

                                       PENSION AND BENEFITS COMMITTEE

                                       By: /s/ George W Kalafut
                                          --------------------------------------

                                       Date: November 28, 2001
                                            ------------------------------------

Attest:

 /s/ Frank M Howard
---------------------------

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                                                                   EXHIBIT 10.49

                           TRUST AGREEMENT EXECUTED IN
                   CONJUNCTION WITH THE GENUINE PARTS COMPANY
                          SUPPLEMENTAL RETIREMENT PLAN

         This Agreement and Declaration of Trust is made this 1st day of July,
2001, by and between Genuine Parts Company ("Company") and SunTrust Bank,
Atlanta (formerly, Trust Company Bank of Georgia) (Trustee);

         WHEREAS, Company has adopted the Genuine Parts Company Supplemental
Retirement Plan ("Plan"); and

         WHEREAS, Company has incurred or expects to incur liability under the
terms of such Plan with respect to the individuals participating in such Plan;
and

         WHEREAS, Company wishes to establish a trust (hereinafter called
"Trust") and to contribute to the Trust assets that shall be held therein,
subject to the claims of Company's creditors in the event of Company's
Insolvency, as herein defined, until paid to Plan participants and their
beneficiaries in such manner and at such times as specified in the Plan; and

         WHEREAS, it is the intention of the parties that this Trust shall
constitute an unfunded arrangement and shall not affect the status of the Plan
as an unfunded plan maintained for the purpose of providing deferred
compensation for a select group of management or highly compensated employees
for purposes of Title I of the Employee Retirement Income Security Act of 1974;
and

         WHEREAS, it is the intention of Company to make contributions to the
Trust to provide itself with a source of funds, to assist it in the meeting of
its liabilities under the Plan;

         NOW, THEREFORE, the parties do hereby establish the Trust and agree
that the Trust shall be comprised, held and disposed of as follows:

         Section 1.        Establishment Of Trust.

         (a)      Company hereby deposits with Trustee in trust Ten Dollars
($10.00), which shall become the principal of the Trust to be held, administered
and disposed of by Trustee as provided in this Trust Agreement. The Company may
also contribute additional assets including, but not limited to, insurance
policies.

         (b)      The Trust hereby established shall be irrevocable.

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         (c)      The Trust is intended to be a grantor trust, of which Company
is the grantor, within the meaning of subpart E, part I, subchapter J, chapter
1, subtitle A of the Internal Revenue Code of 1986, as amended, and shall be
construed accordingly.

         (d)      The principal of the Trust, and any earnings thereon shall be
held separate and apart from other funds of Company and shall be used
exclusively for the uses and purposes of Plan participants and general creditors
as herein set forth. Plan participants and their beneficiaries shall have no
preferred claim on, or any beneficial ownership interest in, any assets of the
Trust. Any rights created under the Plan and this Trust Agreement shall be mere
unsecured contractual rights of Plan participants and their beneficiaries
against Company. Any assets held by the Trust will be subject to the claims of
Company's general creditors under federal and state law in the event of
Insolvency, as defined in Section 3(a) herein.

         (e)      Upon a Change of Control, Company shall, as soon as possible,
but in no event longer than 30 days following the Change of Control, as defined
herein, make an irrevocable contribution to the trust in an amount that is
sufficient to pay each Plan participant or beneficiary the benefits to which
Plan participants or their beneficiaries would be entitled pursuant to the terms
of the Plan as of the date on which the Change of Control occurred.

         Section 2.        Payments to Plan Participants and Their
                           Beneficiaries.

         (a)      Company shall deliver to Trustee a schedule (the "Payment
Schedule") that indicates the amounts payable in respect of each Plan
participants (and his or her beneficiaries), that provides a formula or other
instructions acceptable to Trustee for determining the amounts so payable, the
form in which such amount is to be paid (as provided for or available under the
Plan), and the time of commencement for payment of such amounts. Except as
otherwise provided herein, Trustee shall make payments to the Plan participants
and their beneficiaries in accordance with such Payment Schedule. The Trustee
shall make provision for the reporting and withholding of any federal, state or
local taxes that may be required to be withheld with respect to the payment of
benefits pursuant to the terms of the Plan and shall pay amounts withheld to the
appropriate taxing authorities or determine that such amounts have been
reported, withheld and paid by Company.

         (b)      The entitlement of a Plan participant or his or her
beneficiaries to benefits under the Plan shall be determined by Company or such
party as it shall designate under the Plan, and any claim for such benefits
shall be considered and reviewed under the procedures set out in the Plan.

         (c)      Company may make payment of benefits directly to Plan
participants or their beneficiaries as they become due under the terms of the
Plan. Company shall notify Trustee of its decision to make payment of benefits
directly prior to the time amounts are payable to participants or their
beneficiaries. In addition, if the principal of the Trust, and

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any earnings thereon, are not sufficient to make payments of benefits in
accordance with the terms of the Plan, Company shall make the balance of each
such payment as it falls due. Trustee shall notify Company where principal and
earnings are not sufficient.

         Section 3.        Trustee Responsibility Regarding Payments to
Trust Beneficiary When Company Is Insolvent.

         (a)      Trustee shall cease payment of benefits to Plan participants
and their beneficiaries if the Company is Insolvent. Company shall be considered
"Insolvent" for purposes of this Trust Agreement if (i) Company is unable to pay
its debts as they become due, or (ii) Company is subject to a pending proceeding
as a debtor under the United States Bankruptcy Code.

         (b)      At all times during the continuance of this Trust, as provided
in Section 1(d) hereof, the principal and income of the Trust shall be subject
to claims of general creditors of Company under federal and state law as set
forth below.

                  (1)      The Board of Directors and the Chief Executive
Officer of Company shall have the duty to inform Trustee in writing of Company's
Insolvency. If a person claiming to be a creditor of Company alleges in writing
to Trustee that Company has become Insolvent, Trustee shall determine whether
Company is Insolvent and, pending such determination, Trustee shall discontinue
payment of benefits to Plan participants or their beneficiaries.

                  (2)      Unless Trustee has actual knowledge of Company's
Insolvency, or has received notice from Company or a person claiming to be a
creditor alleging that Company is Insolvent, Trustee shall have no duty to
inquire whether Company is Insolvent. Trustee may in all events rely on such
evidence concerning Company's solvency as may be furnished to Trustee and that
provides Trustee with a reasonable basis for making a determination concerning
Company's solvency.

                  (3)      If at any time Trustee has determined that Company is
Insolvent, Trustee shall discontinue payments to Plan participants or their
beneficiaries and shall hold the assets of the Trust for the benefit of
Company's general creditors. Nothing in this Trust Agreement shall in any way
diminish any rights of Plan participants or their beneficiaries to pursue their
rights as general creditors of Company with respect to benefits due under the
Plan or otherwise.

                  (4)      Trustee shall resume the payment of benefits to Plan
participants or their beneficiaries in accordance with Section 2 of this Trust
Agreement only after Trustee has determined that Company is not Insolvent (or is
no longer Insolvent).

         (c)      Provided that there are sufficient assets, if Trustee
discontinues the payment of benefits from the Trust pursuant to Section 3(b)
hereof and subsequently resumes such payments, the first payment following such
discontinuance shall include the

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aggregate amount of all payments due to Plan participants or their beneficiaries
under the terms of the Plan for the period of such discontinuance, less the
aggregate amount of any payments made to Plan participants or their
beneficiaries by Company in lieu of the payments provided for hereunder during
any such period of discontinuance.

         Section 4.        Payments to Company.

         Except as provided in Section 3 hereof, after the Trust has become
irrevocable, Company shall have no right or power to direct Trustee to return to
Company or to divert to others any of the Trust assets before all payment of
benefits have been made to Plan participants and their beneficiaries pursuant to
the terms of the Plan.

         Section 5.        Investment Authority.

         (a)      Trustee may invest in securities (including stock or rights to
acquire stock) or obligations issued by Company. All rights associated with
assets of the Trust shall be exercised by Trustee or the person designated by
Trustee, and shall in no event be exercisable by or rest with Plan participants,
except that voting rights with respect to Trust assets will be exercised by
Company.

         (b)      Company shall have the right, at anytime, and from time to
time in its sole discretion, to substitute assets of equal fair market value for
any asset held by the Trust. This right is exercisable by Company in a
nonfiduciary capacity without the approval or consent of any person in a
fiduciary capacity.

         (c)      In addition to the investment powers set forth above in this
Section 5, the following provisions shall apply:

                  (i)      Investment Guidelines and Directives. The Trustee
         shall manage, acquire, or dispose of the assets of the Trust in
         accordance with this Agreement and the directions of the Company or its
         designee. To the extent permitted by law, the Trustee shall not be
         liable for any investment made pursuant to the Company's or its
         designee's direction.

                  (ii)     Trustee Powers. The Trustee shall have the following
         powers, rights and duties subject to the Section 8 and the other
         provisions of this Trust Agreement:

                           (A)      To receive and hold all contributions paid
                  to it by the Company; provided, however, that the Trustee
                  shall have no duty to require any contributions to be made to
                  it;

                           (B)      To effectuate the written investment
                  instructions given by the Company or its designee without
                  regard to any law now or hereafter in force limiting
                  investments of fiduciaries;

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                           (C)      To retain in the trust for investment, any
                  property deposited by the Trustee hereunder;

                           (D)      To have the authority to invest and reinvest
                  assets of the Trust in shares of common or preferred stock,
                  bonds, notes, debentures, short-term securities, mutual funds,
                  common Trust funds, and other property, real or personal, of
                  any kind; to purchase and sell "put" and "call" options on
                  publicly traded securities; and to acquire, hold, manage,
                  operate, sell, contract to sell, grant options with respect
                  to, convey, exchange, transfer, abandon, lease, manage, and
                  otherwise deal with respect to assets of the Trust;

                           (E)      To acquire, hold or dispose of insurance or
                  annuity contracts as directed by the Company or its designee;

                           (F)      To borrow from anyone such amount or amounts
                  of money necessary to carry out the purpose of this Trust and
                  for that purpose to mortgage or pledge all or any part of the
                  Trust;

                           (G)      To retain in the Trust for investment or
                  pending distributions, any portion of the Trust in cash deemed
                  appropriate by the Trustee;

                           (H)      To establish accounts in any commercial
                  department of the Trustee and in such other banks and
                  financial institutions as the Trustee deems appropriate to
                  carry out the purposes of the Trust;

                           (I)      To deposit securities with a clearing
                  corporation as defined in Article Eight of the Uniform
                  Commercial Code; to hold the certificates representing
                  securities, including those in bearer form, in bulk form with
                  and to merge such certificates into certificates of the same
                  class of the same issuer which constitutes assets of other
                  accounts or owners, without certification as to the ownership
                  attached; and to utilize a book-entry system for the transfer
                  or pledge of securities held by the Trustee or by a clearing
                  corporation, provided that the records of the Trustee shall
                  indicate the actual ownership of the securities and other
                  property of the Trust Fund.

                           (J)      To participate in and use the Federal
                  book-entry Account system, a service provided by the Federal
                  Reserve Bank for its member banks for deposit of Treasury
                  securities.

                           (K)      To hold securities or property in the name
                  of the Trustee or its nominee or nominees or in such other
                  form as it determines best with or without disclosing the
                  Trust relationship, providing the records of the Trust shall
                  indicate the actual ownership of such securities or other
                  property.

                                     - 5 -

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         Section 6.        Disposition of Income.

         (a)      If requested by the Company or its designee during the term of
this Trust, part of the income received by the Trust, net of expenses and taxes,
shall be returned to Company in an amount sufficient to satisfy the Company's
federal, state, local and any other jurisdiction's income tax liability,
intangibles tax liability or any other tax liability applicable to such fiscal
year and attributable to the income, deductions, tax credits or assets of the
Trust.

         Section 7.        Accounting by Trustee.

Trustee shall keep accurate and detailed records of all investments, receipts,
disbursements, and all other transactions required to be made, including such
specific records as shall be agreed upon in writing between Company and Trustee.
Within 60 days following the close of each calendar year and within 60 days
after the removal or resignation of Trustee, Trustee shall deliver to Company a
written account of its administration of the Trust during such year or during
the period from the close of the last preceding year to the date of such removal
or resignation, setting forth all investments, receipts, disbursements and other
transactions effected by it, including a description of all securities and
investments purchased and sold with the cost or net proceeds of such purchases
or sales (accrued interest paid or receivable being shown separately), and
showing all cash, securities and other property held in the Trust at the end of
such year or as of the date of such removal or resignation, as the case may be.

         Section 8.        Responsibility of Trustee.

         (a)      Trustee shall act with the care, skill, prudence and diligence
under the circumstances then prevailing that a prudent person acting in like
capacity and familiar with such matters would use in the conduct of an
enterprise of a like character and with like aims, provided, however, that
Trustee shall incur no liability (to the extent permitted by law) to any person
for any action taken pursuant to a direction, request or approval given by
Company or its designee which is contemplated by, and in conformity with, the
terms of the Plan or this Trust and is given in writing by Company or its
designee. In the event of a dispute between Company and a party, Trustee may
apply to a court of competent jurisdiction to resolve the dispute.

         (b)      If Trustee undertakes or defends any litigation arising in
connection with this Trust, Company agrees to indemnify Trustee against
Trustee's costs, expenses and liabilities (including, without limitation,
attorneys' fees and expenses) relating thereto and to be primarily liable for
such payments. If Company does not pay such costs, expenses and liabilities in a
reasonably timely manner, Trustee may obtain payment from the Trust. Counsel for
Trustee and other related costs must be approved by the Company in advance.
Failure to obtain such approval shall relieve Company from its obligation to
indemnify Trustee.

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         (c)      Trustee may consult with legal counsel (who may also be
counsel for Company generally) with respect to any of its duties or obligations
hereunder.

         (d)      Trustee may hire agents, accountants, actuaries, investment
advisors, financial consultants or other professionals to assist it in
performing any of its duties or obligations hereunder.

         (e)      Trustee shall have, without exclusion, all powers conferred on
Trustees by applicable law, unless expressly provided otherwise herein,
provided, however, that if an insurance policy is held as an asset of the Trust,
Trustee shall have no power to name a beneficiary of the policy other than the
Trust, to assign the policy (as distinct from conversion of the policy to a
different form) other than to a successor Trustee

         (f)      However, notwithstanding the provisions of Section 8(e) above,
Trustee may loan to Company the proceeds of any borrowing against an insurance
policy held as an asset of the Trust.

         (g)      Notwithstanding any powers granted to Trustee pursuant to this
Trust Agreement or to applicable law, Trustee shall not have any power that
could give this Trust the objective of carrying on a business and dividing the
gains therefrom, within the meaning of section 301.7701-2 of the Procedure and
Administrative Regulations promulgated pursuant to the Internal Revenue Code.

         Section 9.        Compensation and Expenses of Trustee.

         Company shall pay all administrative and Trustee's fees and expenses.
If not so paid, the fees and expenses shall be paid from the Trust.

         Section 10.       Resignation and Removal of Trustee.

         (a)      Trustee may resign at any time by written notice to Company,
which shall be effective 60 days after receipt of such notice unless Company and
Trustee agree otherwise.

         (b)      Trustee may be removed by Company on 60 days notice or upon
shorter notice accepted by Trustee.

         (c)      Upon a Change of Control, as defined herein, Trustee may not
be removed by Company for one year.

         (d)      If Trustee resigns within one year of a Change of Control, as
defined herein, Trustee shall select a successor Trustee in accordance with the
provisions of Section 11(b) hereof prior to the effective date of Trustee's
resignation.

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         (e)      Upon resignation or removal of Trustee and appointment of a
successor Trustee, all assets shall subsequently be transferred to the successor
Trustee. The transfer shall be completed within 90 days after receipt of notice
of resignation, removal or transfer, unless Company extends the time limit.

         (f)      If Trustee resigns or is removed, a successor shall be
appointed, in accordance with Section 11 hereof, by the effective date of
resignation or removal under paragraphs (a) or (b) of this section. If no such
appointment has been made, Trustee may apply to a court of competent
jurisdiction for appointment of a successor or for instructions. All expenses of
Trustee in connection with the proceeding shall be allowed as administrative
expenses of the Trust.

         Section 11.       Appointment of Successor.

         (a)      If Trustee resigns in accordance with Section 10(a) or (b)
hereof, Company may appoint any third party, such as a bank trust department or
other party that may be granted corporate trustee powers under state law, as a
successor to replace Trustee upon resignation or removal. The appointment shall
be effective when accepted in writing by the new Trustee, who shall have all of
the rights and powers of the former Trustee, including ownership rights in the
Trust assets. The former Trustee shall execute any instrument necessary or
reasonably requested by Company or the successor Trustee to evidence the
transfer.

         (b)      If Trustee resigns or is removed pursuant to the provisions of
Section 10(d) hereof and selects a successor Trustee, Trustee may appoint any
third party such as a bank trust department or other party that may be granted
corporate trustee powers under state law. The appointment of a successor Trustee
shall be effective when accepted in writing by the new Trustee. The new Trustee
shall have all the rights and powers of the former Trustee, including ownership
rights in Trust assets. The former Trustee shall execute any instrument
necessary or reasonably requested by the successor Trustee to evidence the
transfer.

         (c)      The successor Trustee need not examine the records and acts of
any prior Trustee and may retain or dispose of existing Trust assets, subject to
Sections 7 and 8 hereof. The successor Trustee shall not be responsible for and
Company shall indemnify and defend the successor Trustee from any claim or
liability resulting from any action or inaction of any prior Trustee or from any
other past event, or any condition existing at the time it becomes successor
Trustee.

         Section 12.       Amendment or Termination.

         (a)      This Trust Agreement may be amended by a written instrument
executed by Trustee and the Pension and Benefits Committee of Genuine Parts
Company ("Benefits Committee"). Notwithstanding the foregoing, no such amendment
shall

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conflict with the terms of the Plan or shall make the Trust revocable after it
has become irrevocable in accordance with Section 1(b) hereof.

         (b)      The Trust shall not terminate until the date on which Plan
participants and their beneficiaries are no longer entitled to benefits pursuant
to the terms of the Plan. Upon termination of the Trust any assets remaining in
the Trust shall be returned to Company.

         (c)      Upon written approval of participants or beneficiaries
entitled to payment of benefits pursuant to the terms of the Plan, the Pension
and Benefits Committee may terminate this Trust prior to the time all benefits
payments under the Plan have been made. All assets in the Trust at termination
shall be returned to Company.

         (d)      Any action required to be taken by the Company under this
Agreement may be taken by the Pension and Benefits Committee.

         Section 13.       Miscellaneous.

         (a)      Any provision of this Trust Agreement prohibited by law shall
be ineffective to the extent of any such prohibition, without invalidating the
remaining provisions hereof.

         (b)      Benefits payable to Plan participants and their beneficiaries
under this Trust Agreement may not be anticipated, assigned (either at law or in
equity), alienated, pledged, encumbered or subjected to attachment, garnishment,
levy, execution or other legal or equitable process.

         (c)      This Trust Agreement shall be governed by and construed in
accordance with the laws of Georgia.

         (d)      Change in Control shall mean,

                  (1)      The acquisition by any individual, entity or group
                           (within the meaning of Section 13(d)(3) or 14(d)(2)
                           of the 1934 Act) (a "Person") of beneficial ownership
                           (within the meaning of Rule 13d-3 promulgated under
                           the 1934 Act) of 20% or more of the combined voting
                           power of the then outstanding voting securities of
                           Genuine Parts entitled to vote generally in the
                           election of directors (the "Outstanding Company
                           Voting Securities"); provided, however, that for
                           purposes of this subsection (1), the following
                           acquisitions shall not constitute a Change of
                           Control: (i) any acquisition by a Person who is on
                           the date hereof the beneficial owner of 20% or more
                           of the Outstanding Company Voting Securities, (ii)
                           any acquisition directly from Genuine Parts, (iii)
                           any acquisition by Genuine Parts, (iv) any
                           acquisition by any employee

                                     - 9 -

<PAGE>

                           benefit plan (or related trust) sponsored or
                           maintained by Genuine Parts or any corporation
                           controlled by Genuine Parts, or (v) any acquisition
                           by any corporation pursuant to a transaction which
                           complies with clauses (i), (ii) and (iii) of
                           Section 13(d)(3); or

                  (2)      Individuals who, as of the date hereof, constitute
                           the Board (the "Incumbent Board") cease for any
                           reason to constitute at least a majority of the
                           Board; provided, however, that any individual
                           becoming a director subsequent to the date hereof
                           whose election, or nomination for election by Genuine
                           Parts' shareholders, was approved by a vote of at
                           least a majority of the directors then comprising the
                           Incumbent Board shall be considered as though such
                           individual were a member of the Incumbent Board, but
                           excluding, for this purpose, any such individual
                           whose initial assumption of office occurs as a result
                           of an actual or threatened election contest with
                           respect to the election or removal of directors or
                           other actual or threatened solicitation of proxies or
                           consents by or on behalf of a Person other than the
                           Board; or

                  (3)      Consummation of a reorganization, merger,
                           consolidation or share exchange or sale or other
                           disposition of all or substantially all of the assets
                           of Genuine Parts (a "Business Combination"), in each
                           case, unless, following such Business Combination,
                           (i) all or substantially all of the individuals and
                           entities who were the beneficial owners of the
                           Outstanding Company Voting Securities immediately
                           prior to such Business Combination beneficially own,
                           directly or indirectly, more than 50% of the combined
                           voting power of the then outstanding voting
                           securities entitled to vote generally in the election
                           of directors of the corporation resulting from such
                           Business Combination (including, without limitation,
                           a corporation which as a result of such transaction
                           owns Genuine Parts or all or substantially all of
                           Genuine Parts' assets either directly or through one
                           or more subsidiaries) in substantially the same
                           proportions as their ownership, immediately prior to
                           such Business Combination of the Outstanding Company
                           Voting Securities, and (ii) no Person (excluding any
                           corporation resulting from such Business Combination
                           or any employee benefit plan (or related trust) of
                           Genuine Parts or such corporation resulting from such
                           Business Combination) beneficially owns, directly or
                           indirectly, 20% or more of the combined voting power
                           of the then outstanding voting securities of such
                           corporation except to the extent that such ownership
                           existed prior to the Business Combination, and
                           (iii) at least a majority of the members of the board
                           of directors of the corporation resulting from such
                           Business Combination were members of the Incumbent
                           Board at the time of

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<PAGE>

                           the execution of the initial agreement, or of the
                           action of the Board, providing for such Business
                           Combination; or

                  (4)      Approval by the shareholders of Genuine Parts of a
                           complete liquidation or dissolution of Genuine Parts.

         Section 14.       Effective Date

         The effective date of this Trust Agreement shall be July 1, 2001.

         IN WITNESS WHEREOF, the parties have executed this Agreement and
Declaration of Trust on the date first shown above, but effective as of the date
indicated in Section 14.

                                       PENSION AND BENEFITS
                                          COMMITTEE

                                       By: /s/ George W Kalafut
                                          --------------------------------------

                                       Title Chairman, Pension Committee
                                             -----------------------------------

Attest: /s/ Frank M Howard
       --------------------------

                                       SUNTRUST BANK, ATLANTA

                                       By: /s/ Sandra D Warren
                                          --------------------------------------

                                       Title: 1st Vice President
                                             -----------------------------------

Attest:  /s/ Sabrina Lane
       --------------------------

                                     - 11 -

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