RESPIRONICS INC
RESPIRONICS, INC. 2005 NON-EMPLOYEE DIRECTOR DEFERRED COMPENSATION PLAN
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<DESCRIPTION>RESPIRONICS, INC. 2005 NON-EMPLOYEE DIRECTOR DEFERRED COMPENSATION PLAN
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<P align="right" style="font-size: 10pt"><B>EXHIBIT 10.2</B>




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



<P align="center" style="font-size: 10pt"><B>2005 NON-EMPLOYEE DIRECTOR DEFERRED COMPENSATION PLAN</B>



<P align="center" style="font-size: 10pt"><B>ARTICLE I &#151; PURPOSE; EFFECTIVE DATE</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>1.1.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Purpose</B>. The purpose of this Respironics, Inc. 2005 Non-Employee Director Deferred
Compensation Plan (hereinafter, the &#147;Plan&#148;) is to permit non-employee members of the
Board of Respironics, Inc. 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>

<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>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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<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><B>2.1.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Account</B>. &#147;Account&#148; means the account 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.</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>2.2.</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>

<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>2.3.</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>

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

<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>2.5.</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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<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>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>

<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>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;</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt">1
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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>

<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">(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>


<P>

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<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <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 Compensation Committee of the Board, except in the
event of a Change in Control as provided in Section&nbsp;7.5.</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>2.7.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Company</B>. &#147;Company&#148; means Respironics, Inc., a Delaware corporation, or any
successor.</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>2.8.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Company Stock Fund</B>. The term &#147;Company Stock Fund&#148; means an investment alternative
that provides for a hypothetical investment in shares of Company Common Stock, which may in
the discretion of the Committee be offered as a Valuation Fund.</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>2.9.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Compensation</B>. &#147;Compensation&#148; means a Director&#146;s aggregate compensation payable by
the Company for services rendered as a Director, including the annual base retainer and
attendance fees for Board and committee meetings, but excluding any travel expense allowances,
other expense reimbursements, or any non-cash compensation.</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 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 Commitment shall
apply to each payment of Compensation. 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 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>2.11.</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>

<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>2.12.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Determination Date</B>. &#147;Determination Date&#148; means each calendar day.</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>2.13.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Director</B>. The term &#147;Director&#148; means a non-employee member of the Company&#146;s Board.</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt">2
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<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><B>2.14.</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>

<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>2.15.</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 the Account under this Plan, as elected by the Participant.</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>2.16.</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>

<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>2.17.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Fair Market Value</B>. &#147;Fair Market Value&#148; means the fair market value of Company
Common Stock between the following prices, as applicable, for the date as of which Fair Market
Value is to be determined as quoted in The Wall Street Journal (or in such other reliable
publication or cite as the Committee, in its discretion, may determine to rely upon): (i)&nbsp;so
long as the Company Common Stock is not listed on any principal United States securities
exchange registered under the Exchange Act, the highest and lowest sales prices per share of
the Company Common Stock for such date on the National Association of Securities Dealers
Automated Quotations System or any successor system then in use, or (ii)&nbsp;in the event that the
Company Common Stock is listed on such an exchange, the highest and lowest sales prices per
share of the Company Common Stock for such date on such exchange. If there are no such sale
price quotations for the date as of which Fair Market Value is to be determined, then Fair
Market Value shall be determined by taking a weighted average of the means between the highest
and lowest sales prices per share of the Company Common Stock as so quoted on the nearest
reasonable date before and after the date as of which Fair Market Value is to be determined.
If the Fair Market Value of the Company Common Stock cannot be determined on the basis
previously set forth in this Section&nbsp;2.17, the Committee shall in good faith determine the
fair market value of the Company Common Stock on such date. Fair Market Value shall be
determined without regard to any restriction other than a restriction which, by its terms,
will never lapse.</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>2.18.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Interest</B>. &#147;Interest&#148; means the amount credited to a Participant&#146;s Account 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
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>

<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>2.19.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Mutual Fund</B>. The term &#147;Mutual Fund&#148; means an investment alternative that provides
for a hypothetical investment in various mutual funds, which may in the discretion of the
Committee be offered as a Valuation Fund.</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>2.20.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Participant</B>. &#147;Participant&#148; means any Director 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. Such Director 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>


<P align="center" style="font-size: 10pt">3
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<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><B>2.21.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Plan</B>. &#147;Plan&#148; means this Respironics, Inc. 2005 Non-Employee Director Deferred
Compensation Plan as amended from time to time.</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>2.22.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Retirement</B>. &#147;Retirement&#148; means, for any Participant, the date on which a
Participant ceases to be a Director of the Company for any reason other than resignation or
removal for cause, provided that the Participant has attained at least age 55.</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>2.23.</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>

<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>2.24.</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>

<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>2.25.</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>

<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>2.26.</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
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 by revision to Exhibit&nbsp;A
and without requiring amendment of the 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>2.27.</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>

</TABLE>


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



<P>

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<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><B>3.1.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Eligibility and Participation</B>.</TD>
</TR>

</TABLE>


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    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right"><B>(a)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Eligibility</B>. Eligibility to participate in the Plan shall be limited
to Directors.</TD>
</TR>

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    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right"><B>(b)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Participation</B>. A Director shall be eligible to participate in this
Plan as long as he or she remains a Director of the Company. Participation in the Plan
by an eligible Director is voluntary and shall be effective upon the Participant&#146;s
completion and submission of a Deferral Commitment, an Allocation Form, and a
Distribution Election to the Committee prior to the beginning of the Deferral Period.</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>(c)</B></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 individual first becomes
eligible to participate. Such Deferral Commitment will be effective only with regard
to Compensation earned following submission of the Deferral Commitment to the
Committee.</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>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>

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    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right"><B>(a)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Deferral Amounts; Accounts</B>. A Deferral Commitment shall be effective
with respect to each payment of Compensation payable by the Company to a Participant
during the Deferral Period. All investment elections and investment change elections
shall be made in accordance with the procedures established by the Committee and, if
applicable, shall comply with any &#147;insider&#148; trading policies adopted by the Company and
Rule&nbsp;16b-3 of the Exchange Act as described in Section&nbsp;3.2(e) below. The Participant
shall set forth the amount to be deferred as a full percentage of Compensation. The
percentage specified shall apply equally to each periodic payment of Compensation
during the Deferral Period.</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>(b)</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 his or her Account among
the various available Valuation Funds.</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>(c)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Maximum Deferral</B>. The maximum amount of each payment of Compensation
that may be deferred shall be one hundred percent (100%).</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>(d)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Minimum Deferral</B>. The minimum amount of each payment of Compensation
that may be deferred shall be twenty-five percent (25%).</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>(e)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Restrictions on Transfers and Distributions</B>. If a Director is an
&#147;insider&#148; subject to Section&nbsp;16 of the Exchange Act, the Plan shall be administered in
accordance with Rule&nbsp;16b-3 of the Exchange Act, as it applies to the Director. If
required to comply with Rule&nbsp;16b-3 of the Exchange Act:</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="6%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A Director&#146;s election to transfer deferrals from the Company
Stock Fund to a Mutual Fund must be made at least 6&nbsp;months after the Director
last elected to transfer deferrals from the Mutual Fund to the Company Stock
Fund.</TD>
</TR>

</TABLE>


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

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<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="3%" style="background: transparent">&nbsp;</TD>
    <TD width="6%" nowrap align="right">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A Director&#146;s election to transfer deferrals from a Mutual Fund
to the Company Stock Fund must be made at least 6&nbsp;months after the Director
last elected to transfer deferrals from the Company Stock Fund to the Mutual
Fund or to receive a cash distribution from the Company Stock Fund.</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="6%" nowrap align="right">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If a Director&#146;s benefit from the Company Stock Fund is to be
paid in cash, the Director&#146;s election to receive cash must be made at least 6
months after the Director&#146;s most recent election to transfer deferrals into the
Company Stock Fund.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>3.3. 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.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>3.4. Commitment Limited by Termination</B>. If a Participant&#146;s service with the Company as a
Director is terminated for any reason prior to the end of the Deferral Period, the Deferral
Period shall end as of the date of termination.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>3.5. Modification of Deferral Commitment</B>. Except as provided in Section&nbsp;3.3 or 3.4 above,
or Section&nbsp;5.3 below, a Deferral Commitment shall be irrevocable by the Participant during a
Deferral Period.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>3.6. 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:


<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 Valuation Fund is selected &#150; assume Money Market Fund was selected;</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>If Valuation Fund(s) selected equal less than 100% &#150; assume that Money Market
Fund was selected for balance;</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">(c)</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>

<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">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If no Distribution Election is chosen &#150; assume three (3)&nbsp;annual installments
were elected; 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">(e)</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>3.7.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Modification of Distribution Election</B>. Except as set forth in this Section&nbsp;3.7, 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 12&nbsp;months following the date of the
modification;</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">
<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 12&nbsp;months prior to the initial distribution date of the
Participant&#146;s Account for the Deferral Period;</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">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Shall delay such distribution date for a minimum of five years from the date
the payment would otherwise have been made; 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">(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 and Interest
shall be credited to the Participant&#146;s Account. The Participants&#146; 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>

<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>4.2.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Timing of Credits</B>. A Participant&#146;s deferred Compensation shall be credited to each
Participant&#146;s Account as soon as administratively practicable following the day on which the
Compensation deferred would have otherwise been payable to the Participant.</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>4.3.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Valuation Funds</B>.</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>(a)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Designation and Reallocation</B>. A Participant shall designate, at a time
and in a manner acceptable to the Committee, one or more Valuation Funds for the sole
purpose of determining the amount of Interest to be credited or debited to the
Participants&#146; Accounts. Such election shall designate the portion of each deferral of
Compensation 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.
Subject to Section&nbsp;3.2(e), 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>

<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>(b)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Company Stock Fund</B>. The Committee may make a Company Common Stock Fund
available as a Valuation Fund under the Plan. The deferrals that a Participant elects
to invest in the Company Stock Fund shall be converted into a hypothetical number of
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;shares of Company Common Stock by dividing the applicable amount of deferrals by the
Fair Market Value of the Company Common Stock on the date the deferrals are credited to
the Participant&#146;s Account or on such other date as may be determined by the Committee.
As of the date that dividends (if any) are declared on outstanding shares of Company
Common Stock</TD>
</TR>

</TABLE>

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

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<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="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>(or on such later date as may be determined by the Committee), the Company shall
credit a Participant&#146;s Company Stock Fund with additional hypothetical shares of
Company Common Stock in an amount equal to the &#147;Dividend Amount.&#148; The &#147;Dividend
Amount&#148; is the amount of dividends declared on the hypothetical shares of Company
Common Stock in a Participant&#146;s Account divided by the Fair Market Value of the
Company stock on the date dividends are declared or on such other date as may be
determined by the Committee. When deferrals are transferred out of the Company
Stock Fund, the deferrals will be converted to a cash equivalent based upon the Fair
Market Value of the Company Common Stock on the effective date of such transfer.</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>(c)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Mutual Fund</B>. The Committee may make a Mutual Fund available as a
Valuation Fund under the Plan. The deferrals that a Participant elects to invest in the
Mutual Fund shall be adjusted for investment experience (either gains or losses) in a
manner that equals the investment experience attributable to the one or more mutual
funds offered as Valuation Funds by the Committee under the Plan. Participants who
elect the Mutual Fund investment alternative for all or a portion of their Account
shall elect among the mutual funds that are listed in Exhibit&nbsp;A (as may be amended by
the Committee from time to time). Any deferrals that a Participant elects to invest in
the Mutual Fund shall begin accruing investment experience at the time the deferrals
are credited to the Participant&#146;s Account or on such other date as may be determined by
the Committee. When deferrals are transferred out of the Mutual Fund, the deferrals
shall stop accruing investment experience under the Mutual Fund as of the effective
date of such transfer.</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>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"><B>(a)</B></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.</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>(b)</B></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>

<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>(c)</B></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 align="center" style="font-size: 10pt">8
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<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"><B>4.5.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Vesting of Accounts</B>. Each Participant shall be one hundred percent (100%) vested at
all times in the amounts of Compensation elected to be deferred under this Plan and Interest
thereon.</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>4.6.</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>

<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>4.7.</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 periodic 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>Distributions</B>.</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>(a)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Retirement Distributions</B>. Following the Participant&#146;s Retirement with
the Company, the vested portion of a Participant&#146;s Account shall be distributed to the
Participant as soon as administratively practicable following the date on which the
Participant&#146;s Retirement occurs. Distribution of the vested portion of a Participant&#146;s
Account shall be made in a lump sum or annual installments as indicated on the
Participant&#146;s Distribution Election.</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>(b)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Non-Retirement Distributions</B>. If a Participant ceases to serve as a
Director of the Company prior to the attainment of age 55, or if the Participant ceases
to serve as a Director at any time by reason of resignation (other than for Disability)
or is removed from office for cause, then the vested portion of the Participant&#146;s
Account shall be distributed to the Participant as soon as administratively practicable
following termination from service. Distribution of the vested portion of a
Participant&#146;s Account shall be made in a lump sum.</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>Death or Disability Benefit</B>. Upon the death or Disability of a Participant prior to
the commencement of benefits under this Plan, the Company shall pay to the Participant, or 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 practicable following the Participant&#146;s death or
Disability. In the event of the death of the Participant after the commencement of benefits
under this Plan from the Participant&#146;s Account, the benefits from that Account 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>

<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>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 legal 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</TD>
</TR>

</TABLE>


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

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<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>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 and in accordance with Section&nbsp;4.4(b).</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>5.4.</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 5.5, 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>

<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>Annual installments for a period of up to ten (10)&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>5.5.</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>

<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>5.6.</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 of the vested Account balance shall completely discharge the
Committee and Company from all liability with respect to such benefit.</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>5.7.</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>

<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>5.8.</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</TD>
</TR>

</TABLE>


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

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<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>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"><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 the 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>

<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>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>

<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>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 vested benefits, the Participant&#146;s benefits under this Plan shall be payable to
the Participant&#146;s estate.</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>6.4.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Effect of Payment</B>. Payment of the vested Account balance 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, 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, 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>

<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>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>

<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>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>

<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>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</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">
<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>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>

<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>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. After a 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>

<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>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"><B>(a)</B></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>

<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>(b)</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</TD>
</TR>

</TABLE>


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

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<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>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 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 the Company and shall not be an obligation of another company.</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>10.3.</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>

<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>10.4.</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>

<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>10.5.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>No Retention Guarantee</B>. Nothing contained herein shall be deemed to give any
Director the right to be retained in the service of the Company.</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"><B>10.6.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Protective Provisions</B>. A Participant will cooperate with the Company by furnishing
any and all information requested by the Company, in order to facilitate the payment of
benefits hereunder, and by taking such other action as may be requested by the Company.</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>10.7.</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.</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>10.8.</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>

<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>10.9.</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, with a separate copy mailed to the
Company&#146;s General Counsel at the Company&#146;s address. 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>

<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>10.10.</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">14
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<DIV style="font-family: 'Times New Roman',Times,serif">




<P align="center" style="font-size: 10pt"><B>EXHIBIT A</B>



<P align="center" style="font-size: 10pt"><B>Valuation Funds</B>



<P align="left" style="font-size: 10pt">BlackRock Money Market<BR>
BlackRock Intermediate Gov&#146;t. Bond Portfolio<BR>
BlackRock Managed Income Portfolio<BR>
AIM Basic Value Fund<BR>
American Funds: Balanced Fund-A<BR>
Janus Adviser International Fund<BR>
Janus Adviser Worldwide Fund<BR>
America Funds-Growth Fund of America &#151; A<BR>
INVESCO Dynamics &#151; K<BR>
Respironics Common Stock<BR>
Respironics Non-Qualified SLF<BR>
MFS Value<BR>
BlackRock Large Cap Growth &#151; A<BR>
Federated Mid-Cap Index<BR>
Fidelity Advisor Value Strategies



<P align="center" style="font-size: 10pt">1
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