RESPIRONICS INC
RESPIRONICS, INC. 2005 SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN
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<DESCRIPTION>RESPIRONICS, INC. 2005 SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN
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<P align="right" style="font-size: 10pt"><B>EXHIBIT 10.1</B>


<P align="center" style="font-size: 10pt"><B>RESPIRONICS, INC.</B>



<P align="center" style="font-size: 10pt"><B>2005 SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN</B>



<P align="center" style="font-size: 10pt"><B>ARTICLE I &#151; PURPOSE; EFFECTIVE DATE</B>



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    <TD width="1%" nowrap align="right"><B>1.1.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Purpose</B>. The purpose of this Respironics, Inc. 2005 Supplemental Executive Retirement
Plan (hereinafter, the &#147;Plan&#148;) is to permit a select group of management and highly
compensated employees of RESPIRONICS, INC. (&#147;Respironics&#148;) and its subsidiaries to
defer the receipt of Compensation which would otherwise become payable to them. It is
intended that this Plan, by providing this deferral opportunity, will assist the Company in
retaining and attracting individuals of exceptional ability by providing them with these
benefits.</TD>
</TR>

</TABLE>


<P>

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    <TD width="1%" nowrap align="right"><B>1.2.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Effective Date</B>. The Plan shall be effective as of January&nbsp;1, 2005.</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt"><B>ARTICLE II &#151; DEFINITIONS</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For the purpose of this Plan, the following terms shall have the meanings indicated, unless
the context clearly indicates otherwise:


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    <TD width="1%" nowrap align="right"><B>2.1.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Account(s)</B>. &#147;Account(s)&#148; means the account or accounts maintained on the books of
the Company used solely to calculate the amount payable to each Participant under this Plan
and shall not constitute a separate fund of assets. The Accounts available for each
Participant shall be identified as:</TD>
</TR>

</TABLE>


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    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Retirement Account; and</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In-Service Account.</TD>
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    <TD width="1%" nowrap align="right"><B>2.2.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Beneficiary</B>. &#147;Beneficiary&#148; means the person(s) designated by the Participant,
entitled under Article&nbsp;VI to receive any Plan benefits payable after the Participant&#146;s death.</TD>
</TR>

</TABLE>


<P>

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    <TD width="1%" nowrap align="right"><B>2.3.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Beneficial Ownership</B>. &#147;Beneficial Ownership&#148; shall be determined as provided in Rule
13d-3 under the Exchange Act.</TD>
</TR>

</TABLE>


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    <TD width="1%" nowrap align="right"><B>2.4.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Board</B>. &#147;Board&#148; means the Board of Directors of the Company.</TD>
</TR>

</TABLE>


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    <TD width="1%" nowrap align="right"><B>2.5.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Change in Control</B>. A &#147;Change in Control&#148; shall occur upon:</TD>
</TR>

</TABLE>


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    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Company&#146;s acquisition of actual knowledge that any Person (as such term is
used in Sections 13(d) and 14(d) of the Exchange Act) other than the Company, a
Subsidiary or any employee benefit plan(s) sponsored by the Company has acquired the
Beneficial Ownership, directly or indirectly, of securities of the Company entitling
such Person to 20% or more of the Voting Power of the Company;</TD>
</TR>

</TABLE>

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    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The occurrence of the date provided for in action by the Board or the
Committee, if any, to require election of the Committee as provided in Section&nbsp;7.5 of
this Plan, following the making of a Tender Offer to acquire securities of the Company
entitling the holders thereof to 20% or more of the Voting Power of the Company; or</TD>
</TR>

</TABLE>


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    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The occurrence of the date provided for in action by the Board or the
Committee, if any, to require election of the Committee as provided in Section&nbsp;7.5 of
the Plan, following the making of a solicitation subject to Rule&nbsp;14a-11 under the
Exchange Act (or any successor Rule) relating to the election or removal of 50% or more
of the members of any class of the Board by any person other than the Company; or</TD>
</TR>

</TABLE>


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    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The shareholders of the Company&#146;s approval of a merger, consolidation, share
exchange, division or sale or other disposition of assets of the Company as a result of
which the shareholders of the Company immediately prior to such transaction shall not
hold, directly or indirectly, immediately following such transaction a majority of the
Voting Power of (i)&nbsp;in the case of a merger or consolidation, the surviving or
resulting corporation, (ii)&nbsp;in the case of a share exchange, the acquiring corporation
or (iii)&nbsp;in the case of a division or sale or other disposition of assets, each
surviving, resulting or acquiring corporation which, immediately following the
transaction, holds more than 10% of the consolidated assets of the Company immediately
prior to the transaction.</TD>
</TR>

</TABLE>


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    <TD width="1%" nowrap align="right"><B>2.6.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Committee</B>. &#147;Committee&#148; means the Committee appointed by the Board to administer the
Plan pursuant to Article&nbsp;VII. The Committee shall consist of Daniel J. Bevevino, Vice
President and Chief Financial Officer; James C. Woll, Vice President and Corporate Controller;
William R. Wilson, Vice President &#150; Human Resources; and Kathy Dober, Director of Compensation
and Benefits, and may change from time to time as designated by the Board.</TD>
</TR>

</TABLE>


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    <TD width="1%" nowrap align="right"><B>2.7.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Company</B>. &#147;Company&#148; means Respironics, Inc., a Delaware corporation, and any directly
or indirectly affiliated subsidiary corporations, any other affiliate designated by the Board,
or any successor to the business thereof.</TD>
</TR>

</TABLE>


<P>

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<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><B>2.8.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Compensation</B>. &#147;Compensation&#148; means the base salary, commission, and bonus or
incentive compensation payable to a Participant with respect to employment services performed
for the Company by the Participant and considered to be &#147;wages&#148; for purposes of federal income
tax withholding. For purposes of this Plan only, Compensation shall be calculated before
reduction for any amounts deferred by the Participant pursuant to the Company&#146;s tax qualified
plans which may be maintained under Section 401(k) or Section&nbsp;125 of the Internal Revenue Code
of 1986, as amended, (the &#147;Code&#148;), or pursuant to this Plan or any other non-qualified
plan which permits the voluntary deferral of compensation. Inclusion of any other forms of
compensation other than as provided in the first sentence of this Section is subject to
Committee approval.</TD>
</TR>

</TABLE>


<P>

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<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><B>2.9.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Deferral Commitment</B>. &#147;Deferral Commitment&#148; means a commitment made by a Participant
to defer a portion of Compensation as set forth in Article&nbsp;III. The Deferral</TD>
</TR>

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<P align="center" style="font-size: 10pt">2
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    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Commitment shall apply to each payment of Compensation payable to a Participant, and shall
specify the Account or Accounts to which the Compensation deferred shall be credited. Such
designation shall be made in whole percentages and shall be made in a form acceptable to the
Committee. A Deferral Commitment shall remain in effect for the Deferral Period until
modified as provided under Section&nbsp;3.5, below.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><B>2.10.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Deferral Period</B>. &#147;Deferral Period&#148; means the calendar year in which deferrals are
permitted; provided, however, that deferrals may not be made with respect to compensation for
services rendered prior to participation in the Plan.</TD>
</TR>

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    <TD width="1%" nowrap align="right"><B>2.11.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Determination Date</B>. &#147;Determination Date&#148; means each calendar day.</TD>
</TR>

</TABLE>


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    <TD width="1%" nowrap align="right"><B>2.12.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Disability</B>. &#147;Disability&#148; means a Participant is &#147;disabled&#148; as defined in Section
409A(a)(2)(C) of the Code, as determined by a physician approved by the Committee or its
delegate.</TD>
</TR>

</TABLE>


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    <TD width="1%" nowrap align="right"><B>2.13.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Discretionary Contribution</B>. &#147;Discretionary Contribution&#148; means the Company
contribution credited to a Participant&#146;s Retirement Account under Section&nbsp;4.4, below.</TD>
</TR>

</TABLE>


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    <TD width="1%" nowrap align="right"><B>2.14.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Distribution Election</B>. &#147;Distribution Election&#148; means the form prescribed by the
Committee and completed by the Participant, indicating the chosen form of payment for benefits
payable from each Account under this Plan, as elected by the Participant.</TD>
</TR>

</TABLE>


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<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><B>2.15.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Exchange Act</B>. &#147;Exchange Act&#148; means the Securities Exchange Act of 1934, as amended,
and the rules and regulations promulgated thereunder.</TD>
</TR>

</TABLE>


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    <TD width="1%" nowrap align="right"><B>2.16.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Interest</B>. &#147;Interest&#148; means the hypothetical amount credited to a Participant&#146;s
Account(s) on each Determination Date, which may include interest, dividends, gains and losses
and which shall be based on the Valuation Funds chosen by the Participant in a manner
consistent with Section&nbsp;4.3, below. Such credits to a Participant&#146;s Account may be either
positive or negative to reflect the increase or decrease in value of the Account in accordance
with the provisions of this Plan.</TD>
</TR>

</TABLE>


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<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><B>2.17.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Participant</B>. &#147;Participant&#148; means any employee who is eligible, pursuant to Section
3.1, below, to participate in this Plan, and who has elected to defer Compensation under this
Plan in accordance with Article&nbsp;III, below or is credited with a Discretionary Contribution
under this Plan in accordance with Section&nbsp;4.4, below. Such employee shall remain a
Participant in this Plan for the period of deferral and until such time as all vested benefits
payable under this Plan have been paid in accordance with the provisions hereof.</TD>
</TR>

</TABLE>


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    <TD width="1%" nowrap align="right"><B>2.18.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Plan</B>. &#147;Plan&#148; means this Respironics, Inc. 2005 Supplemental Executive Retirement
Plan as amended from time to time.</TD>
</TR>

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    <TD width="1%" nowrap align="right"><B>2.19.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Separation from Service</B>. &#147;Separation from Service&#148; means, for any Participant, such
Participant&#146;s death, retirement, voluntary or involuntary termination of employment,
Disability or any other absences or termination that cause such Participant to cease to be an
employee of the Company. Retirement means the termination of employment with the Company by
the Participant after attaining age fifty-five (55).</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt">3
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    <TD width="1%" nowrap align="right"><B>2.20.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Subsidiary</B>. &#147;Subsidiary&#148; means any corporation in an unbroken chain of corporations
beginning with the Company, if each of the corporations other than the last corporation in the
unbroken chain owns stock possessing at least fifty percent (50%) or more of the total
combined voting power of all classes of stock in one of the other corporations in the chain.</TD>
</TR>

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    <TD width="1%" nowrap align="right"><B>2.21.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Tender Offer</B>. &#147;Tender Offer&#148; means a tender offer or exchange offer to acquire
securities of a corporation (other than such an offer made by the Company or a Subsidiary),
whether or not such offer is approved or opposed by the Board.</TD>
</TR>

</TABLE>


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    <TD width="1%" nowrap align="right"><B>2.22.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Unforeseeable Emergency</B>. &#147;Unforeseeable Emergency&#148; means a severe financial
hardship to the Participant resulting from (1)&nbsp;an illness or accident affecting the
Participant or his or her spouse or dependent; (2)&nbsp;loss of the Participant&#146;s property due to
casualty; or (3)&nbsp;other similar extraordinary and unforeseeable circumstances arising as a
result of events beyond the Participant&#146;s control.</TD>
</TR>

</TABLE>


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<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><B>2.23.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Valuation Funds</B>. &#147;Valuation Funds&#148; means one or more of the independently
established funds or indices that are identified and listed by the Committee. These Valuation
Funds are used solely to calculate the Interest that is credited to each Participant&#146;s
Account(s) in accordance with Article&nbsp;IV, below, and does not represent, nor should it be
interpreted to convey, any beneficial interest on the part of the Participant in any asset or
other property of the Company. The determination of the increase or decrease in the
performance of each Valuation Fund shall be made by the Committee in its reasonable
discretion. The Committee shall select the various Valuation Funds available to the
Participants with respect to this Plan and shall set forth a list of these Valuation Funds
attached hereto as Exhibit&nbsp;A, which may be amended from time to time in the discretion of the
Committee.</TD>
</TR>

</TABLE>


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    <TD width="1%" nowrap align="right"><B>2.24.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Voting Power</B>. &#147;Voting Power&#148; of the Company means such number of the Voting Shares
of the Company as shall enable the holders thereof to cast such percentage of all of the votes
that could be cast in an annual election of directors (without consideration of the rights of
any other class of stock other than the Company&#146;s Common Stock to elect directors by a
separate class vote). &#147;Voting Shares&#148; means all securities of the Company entitling
the holders thereof to vote in an annual election of directors (without consideration of the
rights of any other class of stock other than the Company&#146;s Common Stock to elect directors by
a separate class vote).</TD>
</TR>

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<P align="center" style="font-size: 10pt"><B>ARTICLE III &#151; ELIGIBILITY AND PARTICIPATION</B>



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    <TD width="1%" nowrap align="right"><B>3.1.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Eligibility and Participation</B>.</TD>
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    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Eligibility</B>. Eligibility to participate in the Plan shall be limited
to those select key employees of the Company who are designated by management, from
time to time, and approved by the Committee, and who make up a group of management or
highly compensated employees consistent with maintaining this Plan as an Unfunded Plan
as provided in Section&nbsp;10.1.</TD>
</TR>

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    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Participation</B>. An employee&#146;s participation in the Plan shall be
effective upon notification to the employee by the Committee of eligibility to
participate, and completion and submission of a Deferral Commitment, an Allocation
Form, and a</TD>
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    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Distribution Election to the Committee prior to the beginning of the Deferral
Period; provided further that any Deferral Commitment with respect to incentive,
commission or bonuses must be made by the end of the calendar year preceding the
year in which the relevant performance period with respect to such amounts begins.</TD>
</TR>

</TABLE>


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>First-Year Participation</B>. When an individual first becomes eligible
to participate in this Plan during a Deferral Period, a Deferral Commitment may be
submitted to the Committee within thirty (30)&nbsp;days after the Committee notifies the
individual of eligibility to participate; provided further that any Deferral Commitment
with respect to incentive, commission or bonuses must be made by the end of the
calendar year preceding the year in which the relevant performance period with respect
to such amounts begins. Such Deferral Commitment will be effective only with regard to
Compensation earned following submission of the Deferral Commitment to the Committee.</TD>
</TR>

</TABLE>


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><B>3.2.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Form of Deferral Commitment</B>. A Participant may elect to make a Deferral Commitment
in the form permitted by the Committee. The Deferral Commitment shall specify the following:</TD>
</TR>

</TABLE>


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Deferral Amounts; Accounts</B>. Subject to the last sentence of this
Section&nbsp;3.2, a Deferral Commitment shall be effective with respect to each payment of
Compensation payable by the Company to a Participant during the Deferral Period, and
shall designate the portion of each deferral that shall be allocated among the various
Accounts, except that no deferral shall be made to an Account at the same time that a
distribution is to be made from that Account. The Participant shall set forth the
amount to be deferred as a full percentage of Compensation (the Participant may
designate a different percentage of each item that is to be deferred under this Plan).
The percentage specified shall apply equally to each periodic payment of Compensation
during the Deferral Period, subject to the last sentence of this Section&nbsp;3.2.</TD>
</TR>

</TABLE>


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Allocation to Valuation Funds</B>. The Participant shall specify in a
separate form (known as the &#147;Allocation Form&#148;) filed with the Committee, the
Participant&#146;s initial allocation of the amounts deferred into each Account among the
various available Valuation Funds.</TD>
</TR>

</TABLE>


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Maximum Deferral</B>. The maximum amount of each payment of base salary
that may be deferred shall be seventy-five percent (75%), and the maximum amount of
each payment of commission, bonus or incentive compensation that may be deferred shall
be one hundred percent (100%).</TD>
</TR>

</TABLE>


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Minimum Deferral</B>. The minimum amount of each payment of base salary
that may be deferred shall be one percent (1%), and the minimum amount of each payment
of commission, bonus or incentive compensation that may be deferred shall be one
percent (1%).</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt">5
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


</TABLE>


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Notwithstanding anything to the contrary, no Deferral Commitment shall be effective for a
Participant (1)&nbsp;who has made a hardship withdrawal from the Company&#146;s tax qualified plan
maintained under section 401(k) of the Code (a)&nbsp;for a period of 6&nbsp;months from the date of
such hardship withdrawal, if the hardship withdrawal has been made in reliance on Treasury
Regulation &#167; 1.401(k)-1(d)(2)(iii)(B) and the deferred compensation would constitute an
employee elective contribution or employee contribution under an employer plan within the
meaning of Treasury Regulation &#167; 1.401(k)-1(d)(2)(iii)(B)(3) or any successor regulation or
(b)&nbsp;for such other period as required for suspension of deferred compensation pursuant to
the provisions of such tax qualified plan and (2)&nbsp;until such Participant has contributed the
maximum amount permitted by law to the Company&#146;s tax qualified plan maintained under section
401(k) of the Code for such Deferral Period, unless the Participant is not a participant in
such tax qualified plan.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><B>3.3.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Period of Commitment</B>. Once a Participant has made a Deferral Commitment, that
Commitment shall remain in effect for each Deferral Period unless the Deferral Commitment is
revoked or amended in writing prior to the beginning of such succeeding Deferral Period, if
succeeding Deferral Periods are permitted by the Committee.</TD>
</TR>

</TABLE>


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><B>3.4.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Commitment Limited by Termination or Disability</B>. If a Participant suffers a
Disability or terminates employment with the Company for any reason prior to the end of the
Deferral Period, the Deferral Period shall end as of the date of Disability or termination.</TD>
</TR>

</TABLE>


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><B>3.5.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Modification of Deferral Commitment</B>. Except as provided in Section&nbsp;3.3 or 3.4 above,
or Section&nbsp;5.4 below, and subject to the limitations of the Deferral Commitment as provided in
the last sentence of Section&nbsp;3.2, a Deferral Commitment shall be irrevocable by the
Participant during a Deferral Period.</TD>
</TR>

</TABLE>


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><B>3.6.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Change in Employment Status</B>. If the Committee determines that a Participant&#146;s
employment performance is no longer at a level that warrants reward through participation in
this Plan, but does not terminate the Participant&#146;s employment with Company, the Participant&#146;s
existing Deferral Commitment shall terminate at the end of the Deferral Period, and no new
Deferral Commitment may be made by such Participant and no Discretionary Contribution will be
made for such Participant after notice of such determination is given by the Committee, unless
the Participant later satisfies the requirements of Section&nbsp;3.1, above. If the Committee, in
its sole discretion, determines that the Participant no longer qualifies as a member of a
select group of management or highly compensated employees, as determined in accordance with
the Employee Retirement Income Security Act of 1974, as amended, the Committee may, in its
sole discretion terminate any Deferral Commitment and Discretionary Contributions for that
year.</TD>
</TR>

</TABLE>


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><B>3.7.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Defaults in Event of Incomplete or Inaccurate Deferral Commitments</B>. In the event
that a Participant submits a Deferral Commitment to the Committee that contains information
which, in the sole discretion of the Committee, is incomplete or inaccurate, the Committee
shall be authorized to assume the following, and such assumptions shall be communicated to the
Participant:</TD>
</TR>

</TABLE>


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If no Account is listed &#150; assume Retirement Account was selected;</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt">6
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


</TABLE>


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If Accounts listed equal less than 100% &#150; assume balance is deferred into
Retirement Account;</TD>
</TR>

</TABLE>


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If Accounts listed equal more than 100% &#150; assume proportionate reduction to
each Account selected;</TD>
</TR>

</TABLE>


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If no Valuation Fund is selected &#150; assume a Money Market type Fund was
selected;</TD>
</TR>

</TABLE>


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(e)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If Valuation Fund(s) selected equal less than 100% &#150; assume that a Money Market
type Fund was selected for balance;</TD>
</TR>

</TABLE>


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(f)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If Valuation Fund(s) selected equal more than 100% &#150; assume proportionate
reduction to each Valuation Fund selected;</TD>
</TR>

</TABLE>


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(g)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If no Distribution Election is chosen &#150; assume lump sum for In-Service Account
and three (3)&nbsp;annual installments for Retirement Account was selected;</TD>
</TR>

</TABLE>


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(h)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If no time of payment is chosen for In-Service Account &#150; assume the earliest
possible date available under the provisions of Section&nbsp;5.2 below was selected; and</TD>
</TR>

</TABLE>


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If no Beneficiary is designated, Participant&#146;s Beneficiary will be his or her
estate.</TD>
</TR>

</TABLE>


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><B>3.8.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Modification of Distribution Election</B>. Except as set forth in this Section&nbsp;3.8, a
Distribution Election shall be irrevocable. Any modifications to a Distribution Election for
the Deferral Period:</TD>
</TR>

</TABLE>


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Shall not become effective for twelve (12)&nbsp;months following the date of the
modification;</TD>
</TR>

</TABLE>


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Shall be made at least twelve (12)&nbsp;prior to the initial distribution date of
the Participant&#146;s Account for the Deferral Period;</TD>
</TR>

</TABLE>


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Shall delay such distribution date for a minimum of five (5)&nbsp;years from the
date the payment would otherwise have been made; and</TD>
</TR>

</TABLE>


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Shall not reduce the number of payments that otherwise would be made to the
Participant.</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt"><B>ARTICLE IV &#151; DEFERRED ACCOUNT</B>



<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><B>4.1.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Accounts</B>. The Compensation deferred by a Participant under the Plan, any
Discretionary Contributions and Interest shall be credited to the Participant&#146;s Account(s).
Separate accounts may be maintained on the books of the Company to reflect the different
Accounts chosen by the Participant, and the Participant shall designate the portion of each
deferral of compensation that will be credited to each Account as set forth in Section&nbsp;3.2(a),
above. These Accounts shall be used solely to calculate the amount payable to each
Participant under this Plan and shall not constitute a separate fund of assets.</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt">7
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


</TABLE>


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><B>4.2.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Timing of Credits; Withholding</B>. A Participant&#146;s deferred Compensation shall be
credited to each Account designated by the Participant as soon as administratively practicable
following the day on which the compensation deferred would have otherwise been payable to the
Participant. Any Discretionary Contributions shall be credited to the appropriate Account(s)
as provided in Section&nbsp;4.4. Any withholding of taxes or other amounts with respect to
deferred Compensation that is required by local, state or federal law shall be withheld from
the Participant&#146;s corresponding non-deferred portion of the Compensation.</TD>
</TR>

</TABLE>


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><B>4.3.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Valuation Funds</B>. A Participant shall designate, at a time and in a manner acceptable
to the Committee, one or more Valuation Funds for each Account for the sole purpose of
determining the amount of Interest to be credited or debited to such Account. Such election
shall designate the portion of each deferral of Compensation made into each Account that shall
be deemed to be allocated among the available Valuation Fund(s), and such election shall apply
to each succeeding deferral of Compensation until such time as the Participant shall file a
new election with the Committee. Upon notice to the Committee, the Participant may also
reallocate the balance in each Valuation Fund among the other available Valuation Funds as of
the next succeeding Determination Date, but in no event shall such re-allocation occur more
frequently than daily. The election of deemed investments among the options provided shall be
the sole responsibility of each Participant. The Company and Committee members are not
authorized to make any recommendation to any Participant with respect to such election. Each
Participant assumes all risk connected with any adjustment to the value of his or her Account.
Neither the Committee nor the Company in any way guarantees against loss or depreciation.</TD>
</TR>

</TABLE>


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><B>4.4.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Discretionary Contributions</B>. Company may, but shall not be obligated to, make
Discretionary Contributions to a Participant&#146;s Account. Discretionary Contributions shall be
credited at such times and in such amounts as recommended by the Committee and approved by the
Compensation Committee of the Board, or the Board in its sole discretion. A Participant must
be employed by the Company on the date that any Discretionary Contributions are credited to
the Participant&#146;s Account. When an individual first becomes eligible to participate in this
Plan during a Deferral Period, any Discretionary Contribution awarded to such Participant
shall be prorated based upon the number of months that he or she was a Participant during such
Deferral Period. Unless the Committee specifies otherwise, such Discretionary Contribution
shall be allocated to the Retirement Account.</TD>
</TR>

</TABLE>


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><B>4.5.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Determination of Accounts</B>. Each Participant&#146;s Account as of each Determination Date
shall consist of the balance of the Account as of the immediately preceding Determination
Date, adjusted as follows:</TD>
</TR>

</TABLE>


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>New Deferrals</B>. Each Account shall be increased by any deferred
Compensation credited since such prior Determination Date in the proportion chosen by
the Participant, except that no amount of new deferrals shall be credited to an Account
at the same time that a distribution is to be made from that Account.</TD>
</TR>

</TABLE>


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Company Contributions</B>. Each Account shall be increased by any
Discretionary Contributions credited since such prior Determination Date as set forth
above in sections 4.1 and 4.4 or as otherwise directed by the Committee.</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt">8
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


</TABLE>


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Distributions</B>. Each Account shall be reduced by the amount of each
benefit payment made from that Account since the prior Determination Date.
Distributions shall be deemed to have been made proportionally from each of the
Valuation Funds maintained within such Account based on the proportion that such
Valuation Fund bears to the sum of all Valuation Funds maintained within such Account
for that Participant as of the Determination Date immediately preceding the date of
payment.</TD>
</TR>

</TABLE>


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Interest</B>. Each Account shall be increased or decreased by the Interest
credited to such Account since such Determination Date as though the balance of that
Account as of the prior Determination Date had been invested in the applicable
Valuation Funds chosen by the Participant.</TD>
</TR>

</TABLE>


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><B>4.6.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Vesting of Accounts</B>. Each Participant shall be vested in the amounts credited to
such Participant&#146;s Account and Interest thereon as follows:</TD>
</TR>

</TABLE>


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Amounts Deferred</B>. A Participant shall be one hundred percent (100%)
vested at all times in the amount of Compensation elected to be deferred under this
Plan and Interest thereon.</TD>
</TR>

</TABLE>


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Discretionary Contributions</B>. Participants shall become one hundred
percent (100%) vested in any Discretionary Contributions and Interest thereon upon the
Participant&#146;s having attained five (5)&nbsp;Years of participation in this Plan. In the
event of a Change in Control, all Participants shall immediately become one hundred
percent (100%) vested in any Discretionary Contributions and Interest thereon.</TD>
</TR>

</TABLE>


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><B>4.7.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Loans</B>. No loans to Participants of amounts credited to a Participant&#146;s Account shall
be permitted.</TD>
</TR>

</TABLE>


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><B>4.8.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Statement of Accounts</B>. The Committee shall provide to each Participant a statement
showing the balances in the Participant&#146;s Account on a quarterly basis.</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt"><B>ARTICLE V &#151; PLAN BENEFITS</B>



<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><B>5.1.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Retirement Account</B>. The vested portion of a Participant&#146;s Retirement Account shall
be distributed to the Participant following the Participant&#146;s Separation from Service with the
Company. Distribution of the vested portion of a Participant&#146;s Retirement Account shall be
made in a lump sum, except that if the payment under this provision is a result of the
Participant&#146;s retirement, then the benefit may be paid in annual installments as indicated on
the Participant&#146;s Distribution Election. The first payment to the Participant, or Beneficiary
in the event of the Participant&#146;s death, shall be made as soon as administratively practicable
following the Separation from Service. Notwithstanding the foregoing, distributions to &#147;key
employees&#148; as defined in Section 416(i) of the Code may not be made earlier than six (6)
months after the date of Separation from Service.</TD>
</TR>

</TABLE>


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><B>5.2.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>In-Service Account</B>. The vested portion of a Participant&#146;s In-Service Account with
respect to a particular Deferral Period shall be distributed to the Participant upon the
Participant&#146;s attainment of a specified age between ages 30 through 65, as elected by the
Participant in the Deferral Commitment for the Deferral Period which designated a portion of
the</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt">9
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Compensation deferred be allocated to the In-Service Account, but in no event shall the date
selected be earlier than the first day of the sixth calendar year following the initial
filing of the Deferral Commitment with respect to that In-Service Account. The first
payment to the Participant, or Beneficiary in the event of the Participant&#146;s death, shall be
made as soon as administratively practicable following the day on which the Participant
attains the designated age. Distribution of the vested portion of the Participant&#146;s
In-Service Account shall be made in a lump sum or annual installments as indicated on the
Participant&#146;s Distribution Election; provided, however, if the Participant terminates
employment with the Company prior to the year so chosen by the Participant and the
Participant&#146;s Distribution Election with respect to his or her Retirement Account would
require earlier distribution, the vested portion of the In-Service Account shall be added to
the Retirement Account as of the date of termination of service and shall be paid in
accordance with the provisions of Section&nbsp;5.1, above.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><B>5.3.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Death Benefit</B>. Upon the death of a Participant prior to the commencement of benefits
under this Plan from any particular Account, the Company shall pay to the Participant&#146;s
Beneficiary an amount equal to the vested Account balance in that Account in the form of a
lump sum payment as soon as administratively practicable following the Participant&#146;s death.
In the event of the death of the Participant after the commencement of benefits under this
Plan from any Account, the benefits from that Account(s) shall be paid to the Participant&#146;s
designated Beneficiary from that Account at the same time and in the same manner as if the
Participant had survived.</TD>
</TR>

</TABLE>


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><B>5.4.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Hardship Distributions</B>. Notwithstanding the terms of any Deferral Commitment made by
a Participant hereunder, the Committee may, in its sole discretion, permit the withdrawal of
all or a portion of the vested amounts credited to a Participant&#146;s Account, upon the request
of the Participant or the Participant&#146;s representative, or following the death of a
Participant upon the request of a Participant&#146;s Beneficiary or such Beneficiary&#146;s
representative, if the Committee determines that the Participant or Beneficiary, as the case
may be, is confronted with an Unforeseeable Emergency. The Participant or Beneficiary shall
provide to the Committee such evidence as the Committee may require to demonstrate that such
emergency exists and financial hardship would occur if the withdrawal were not permitted
including, whether and the extent to which the hardship is or may be relieved through
reimbursement or compensation by insurance or otherwise or liquidation of the Participant&#146;s
assets, and other evidence as may be required under Section&nbsp;409A of the Code. Any withdrawal
under this Section shall be limited to the amount necessary to meet the emergency. Payment
shall be made, as soon as practicable after the Committee approves the payment and determines
the amount of the payment, in a single lump sum from the portion of the Account for Deferral
Periods with the longest number of installment payments being first (from deferred
compensation first and then from Discretionary Contributions for the same Deferral Period),
and then from the portion of the Account representing Deferral Periods with the latest payment
commencement dates first (from deferred compensation first and then from Discretionary
Contributions for the same Deferral Period), in each case in accordance with Section&nbsp;4.5(c).</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt">10
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


</TABLE>


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><B>5.5.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Form of Payment</B>. Unless otherwise specified in Section&nbsp;5.1, 5.2, 5.3, or 5.4, the
benefits payable from any Account under this Plan shall be paid in the form of benefit as
provided below, and specified by the Participant in the Distribution Election, which
Distribution Election shall be filed by the Participant when the Participant files his or her
Deferral Commitment with respect to a Deferral Period. The Distribution Election filed for a
Deferral Period shall govern deferrals made together with Interest thereon and is irrevocable.
The permitted forms of benefit payments are:</TD>
</TR>

</TABLE>


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A lump sum amount which is equal to the vested Account balance; and</TD>
</TR>

</TABLE>


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Annual installments for a period of up to ten (10)&nbsp;years (or in the event of
payment of the In-Service Account, a maximum of five (5)&nbsp;years) where the annual
payment shall be equal to the balance of the Account immediately prior to the payment,
multiplied by a fraction, the numerator of which is one (1)&nbsp;and the denominator of
which commences at the number of annual payments initially chosen and is reduced by one
(1)&nbsp;in each succeeding year. Interest on the unpaid balance shall be based on the most
recent allocation among the available Valuation Funds chosen by the Participant, made
in accordance with Section&nbsp;4.3, above.</TD>
</TR>

</TABLE>


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><B>5.6.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Small Account</B>. If the total of a Participant&#146;s vested, unpaid Account balance as of
the time the payments are to commence from the Participant&#146;s Account is less than $10,000, the
remaining unpaid, vested Account shall be paid in a lump sum, notwithstanding any election by
the Participant to the contrary.</TD>
</TR>

</TABLE>


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><B>5.7.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Withholding; Payroll Taxes</B>. The Company shall withhold from any payment made
pursuant to this Plan any taxes required to be withheld from such payments under local, state
or federal law. A Beneficiary, however, may elect not to have withholding of federal income
tax pursuant to Section&nbsp;3405(a)(2) of the Code, or any successor provision thereto.</TD>
</TR>

</TABLE>


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><B>5.8.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Payment to Guardian</B>. If a Plan benefit is payable to a minor or a person declared
incompetent or to a person incapable of handling the disposition of the property, the
Committee may direct payment to the guardian, legal representative or person having the care
and custody of such minor, incompetent or person. The Committee may require proof of
incompetency, minority, incapacity or guardianship as it may deem appropriate prior to
distribution. Such distribution shall completely discharge the Committee and Company from all
liability with respect to such benefit.</TD>
</TR>

</TABLE>


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><B>5.9.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Effect of Payment</B>. The full payment of the applicable benefit under this Article&nbsp;V
shall completely discharge all obligations on the part of the Company to the Participant (and
the Participant&#146;s Beneficiary) with respect to the operation of this Plan, and the
Participant&#146;s (and Participant&#146;s Beneficiary&#146;s) rights under this Plan shall terminate.</TD>
</TR>

</TABLE>


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><B>5.10.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Limitation on Distributions</B>. In the case of a change in ownership or effective
control of the Company, as defined in Section&nbsp;409A of the Code or the regulations thereunder,
notwithstanding anything to the contrary herein, no distributions may be made earlier than the
date permitted under Section&nbsp;409A of the Code and the regulations thereunder to any
Participant who is subject to such requirements.</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt">11
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


</TABLE>


<P align="center" style="font-size: 10pt"><B>ARTICLE VI &#151; BENEFICIARY DESIGNATION</B>



<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><B>6.1.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Beneficiary Designation</B>. Each Participant shall have the right, at any time, to
designate one (1)&nbsp;or more Beneficiaries (both primary as well as secondary) to whom benefits
under this Plan and/or prior plans shall be paid in the event of Participant&#146;s death prior to
complete distribution of the Participant&#146;s vested Account balance. Each Beneficiary
designation shall be in a written form prescribed by the Committee and shall be effective only
when filed with the Committee during the Participant&#146;s lifetime.</TD>
</TR>

</TABLE>


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><B>6.2.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Changing Beneficiary</B>. Any Beneficiary designation may be changed by a Participant
without the consent of the previously named Beneficiary by the filing of a new Beneficiary
designation with the Committee.</TD>
</TR>

</TABLE>


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><B>6.3.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>No Beneficiary Designation</B>. If any Participant fails to designate a Beneficiary in
the manner provided above, if the designation is void, or if the Beneficiary designated by a
deceased Participant predeceases the Participant or dies before complete distribution of the
Participant&#146;s benefits, the Participant&#146;s benefits under this Plan shall be payable to the
Participant&#146;s estate.</TD>
</TR>

</TABLE>


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><B>6.4.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Effect of Payment</B>. Payment to the Beneficiary or the Participant&#146;s estate shall
completely discharge the Company&#146;s obligations under this Plan.</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt"><B>ARTICLE VII &#151; ADMINISTRATION</B>



<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><B>7.1.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Committee; Duties</B>. This Plan shall be administered by the Committee, which shall
consist of not less than three (3)&nbsp;persons appointed by the Board, except in the event of a
Change in Control as provided in Section&nbsp;7.5 below. The Committee shall have the authority to
make, amend, interpret and enforce all appropriate rules and regulations for the
administration of the Plan and decide or resolve any and all questions, including
interpretations of the Plan, as they may arise in such administration. A majority vote of the
Committee members shall control any decision. Members of the Committee may be Participants
under this Plan.</TD>
</TR>

</TABLE>


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><B>7.2.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Agents</B>. The Committee may, from time to time, employ agents, including employees of
the Company, and delegate to them such administrative or other duties as are required under
the Plan and as it sees fit, and may from time to time consult with counsel who may be counsel
to the Company.</TD>
</TR>

</TABLE>


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><B>7.3.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Binding Effect of Decisions</B>. The decision or action of the Committee 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,
conclusive and binding upon all persons having any interest in the Plan.</TD>
</TR>

</TABLE>


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><B>7.4.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Indemnity of Committee</B>. The Company shall indemnify and hold harmless the members of
the Committee against any and all claims, loss, damage, expense or liability arising from any
action or failure to act with respect to this Plan on account of such member&#146;s service on the
Committee, except in the case of such member&#146;s gross negligence or willful misconduct.</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt">12
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


</TABLE>


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><B>7.5.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Election of Committee After Change in Control</B>. After a Change in Control, vacancies
on the Committee shall be filled by majority vote of the remaining Committee members and
Committee members may be removed only by such a vote. If no Committee members remain, a new
Committee shall be elected by majority vote of the Participants in the Plan immediately
preceding such Change in Control. No amendment shall be made to Article&nbsp;VII or other Plan
provisions regarding Committee authority with respect to the Plan without prior approval by
the Committee.</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt"><B>ARTICLE VIII &#151; CLAIMS PROCEDURE</B>



<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><B>8.1.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Claims and Appeals Procedure</B>. Any person or entity claiming a benefit, requesting an
interpretation or ruling under the Plan (hereinafter referred to as &#147;Claimant&#148;), or
requesting information under the Plan shall present the request in writing to the Committee,
which shall respond in writing as soon as practicable. The Committee shall establish a claims
procedure that is in accordance with Company policies and that is intended to afford a
reasonable opportunity to any Claimant for a full and fair review of any adverse decision of
the Committee with respect to a Claimant&#146;s claim or request.</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt"><B>ARTICLE IX &#151; AMENDMENT AND TERMINATION OF PLAN</B>



<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><B>9.1.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Amendment</B>. The Company, acting through the Board or the Board&#146;s authorized delegate,
may at any time amend the Plan in whole or in part by written instrument, notice of which is
given to all Participants and to any Beneficiary receiving installment payments, provided,
however, that no amendment shall reduce the amount accrued in any Account as of the date such
notice of the amendment is given.</TD>
</TR>

</TABLE>


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><B>9.2.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Termination of the Plan</B>. The Company, acting through the Board or the Board&#146;s
authorized delegate, may at any time suspend or terminate the Plan as follows:</TD>
</TR>

</TABLE>


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Suspension</B>. The Board may suspend the Plan by instructing the
Committee not to accept any additional Deferral Commitments. If such a suspension
occurs, the Plan shall continue to operate and be effective with regard to Deferral
Commitments entered into prior to the effective date of such suspension.</TD>
</TR>

</TABLE>


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Termination</B>. The Board may terminate the Plan in whole or in part by
instructing the Committee not to accept any additional Deferral Commitments, and by
terminating all ongoing Deferral Commitments. In the event of complete termination,
the Plan shall cease to operate except with respect to the administration of prior
deferred amounts.</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt"><B>ARTICLE X &#151; MISCELLANEOUS</B>



<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><B>10.1.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Unfunded Plan</B>. The Plan constitutes a mere promise by the Company to make benefit
payments in the future. The Company&#146;s obligations under the Plan shall be unfunded and
unsecured promises to pay. The Company shall not be obligated under any circumstance to fund
its financial obligations under this Plan. It may, in its discretion, set aside funds in a
trust or other vehicle, subject to the claims of its creditors, in order to assist it in
meeting its obligations under the Plan, if such arrangement will not cause the Plan to be</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt">13
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>considered a funded deferred compensation plan under ERISA, or the Code and provided,
further, that any trust created by the Company and any assets held by such trust to assist
the Company in meeting its obligations under the Plan will conform to the terms of any model
rabbi trust, as then promulgated by the Internal Revenue Service. This Plan is an unfunded
plan maintained primarily to provide deferred compensation benefits for a select group of
&#147;management or highly-compensated employees&#148; within the meaning of Sections&nbsp;201, 301, and
401 of the Employee Retirement Income Security Act of 1974, as amended (&#147;ERISA&#148;),
and therefore is exempt from the provisions of Parts 2, 3 and 4 of Title I of ERISA.
Accordingly, the Board may terminate the Plan in whole or in part and take appropriate
measures if it is determined by the United States Department of Labor, a court of competent
jurisdiction, or an opinion of counsel that the Plan constitutes an employee pension benefit
plan within the meaning of Section&nbsp;3(2) of ERISA (as currently in effect or hereafter
amended) which is not so exempt. Notwithstanding anything to the contrary herein, there
shall be no acceleration of the time or schedule of any payments under the Plan, except as
may be provided in regulations under Section&nbsp;409A of the Code.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><B>10.2.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Company Obligation</B>. The obligation to make benefit payments to any Participant
under the Plan shall be an obligation solely of the Company with respect to the deferred
Compensation receivable from, and contributions by, the Company and shall not be an obligation
of another company.</TD>
</TR>

</TABLE>


<P>

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<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><B>10.3.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Unsecured General Creditor</B>. Neither the Company nor this Plan gives the Participant
any beneficial ownership interest in any assets of the Company. To the extent that any
Participant or Beneficiary or other person acquires a right to receive payments under the
Plan, such right shall be no greater than the right, and each Participant and Beneficiary
shall at all times have the status, of a general unsecured creditor of the Company.</TD>
</TR>

</TABLE>


<P>

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    <TD width="1%" nowrap align="right"><B>10.4.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Nonalienation/Nonassignability</B>. Except as may be required by law, neither the
Participant nor any Beneficiary shall have the right to, directly or indirectly, alienate,
assign, transfer, pledge, anticipate or encumber (except by reason of death) any amount that
is or may be payable hereunder, including in respect of any liability of a Participant or
Beneficiary for alimony or other payments for the support of a spouse, former spouse, child or
other dependent, prior to actually being received by the Participant or Beneficiary hereunder,
nor shall the Participant&#146;s or Beneficiary&#146;s rights to benefit payments under the Plan be
subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge,
encumbrance, attachment, or garnishment by creditors of the Participant or Beneficiary or to
the debts, contracts, liabilities, engagements, or torts of any Participant or Beneficiary, or
transfer by operation of law in the event of bankruptcy or insolvency of the Participant or
any Beneficiary, or any legal process.</TD>
</TR>

</TABLE>


<P>

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    <TD width="1%" nowrap align="right"><B>10.5.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Not a Contract of Employment</B>. This Plan shall not constitute a contract of
employment between Company and the Participant. Nothing in this Plan shall give a Participant
the right to be retained in the service of Company or to interfere with the right of the
Company to discipline or discharge a Participant at any time.</TD>
</TR>

</TABLE>

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    <TD width="1%" nowrap align="right"><B>10.6.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Protective Provisions</B>. A Participant will cooperate with Company by furnishing any
and all information requested by Company, in order to facilitate the payment of benefits
hereunder, and by taking such physical examinations as Company may deem necessary and taking
such other action as may be requested by Company.</TD>
</TR>

</TABLE>


<P>

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    <TD width="1%" nowrap align="right"><B>10.7.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Governing Law</B>. The provisions of this Plan shall be construed and interpreted
according to the laws of the Commonwealth of Pennsylvania, without regard to conflicts of laws
principles, except as preempted by federal law.</TD>
</TR>

</TABLE>


<P>

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    <TD width="1%" nowrap align="right"><B>10.8.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Validity</B>. If any provision of this Plan shall be held 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 and invalid provision had never been
inserted herein.</TD>
</TR>

</TABLE>


<P>

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    <TD width="1%" nowrap align="right"><B>10.9.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Notice</B>. Any notice required or permitted under the Plan shall be sufficient if in
writing and hand delivered or sent by registered or certified mail or recognized overnight
delivery service. Such notice shall be deemed given as of the date of delivery or, if
delivery is made by mail, as of the third business day following the date shown on the
postmark on the receipt for registration or certification. Mailed notice to the Committee
shall be directed to the Company&#146;s address at 1010 Murry Ridge Lane, Murrysville,
Pennsylvania, Attention: Vice President, Human Resources. Mailed notice to a Participant or
Beneficiary shall be directed to the individual&#146;s last known address in Company&#146;s records.</TD>
</TR>

</TABLE>


<P>

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<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><B>10.10.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Successors</B>. The provisions of this Plan shall bind and inure to the benefit of
Company and its successors and assigns. The term successors as used herein shall include any
corporate or other business entity which shall, whether by merger, consolidation, purchase or
otherwise acquire all or substantially all of the business and assets of Company, and
successors of any such corporation or other business entity.</TD>
</TR>

</TABLE>



<P align="center" style="font-size: 10pt">15
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