ALEXANDERS J CORP
EX-10.1 J. ALEXANDER'S CORPORATION DEFERRED COMPENSATION PLAN
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>g13430exv10w1.htm
<DESCRIPTION>EX-10.1 J. ALEXANDER'S CORPORATION DEFERRED COMPENSATION PLAN
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<TITLE>EX-10.1 J. Alexander's Corporation</TITLE>
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<DIV align="right" style="font-size: 10pt; margin-top: 12pt">Exhibit
10.1
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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>J. ALEXANDER&#146;S CORPORATION</B>
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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>DEFERRED COMPENSATION PLAN</B>
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<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>TABLE OF CONTENTS</B>
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<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 1 NAME AND PURPOSE</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">1.1 Name</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">1.2 Purpose</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">1.3 Plan for a Select Group</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">1.4 Not a Funded Plan</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">1.5 Section&nbsp;409A</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 2 DEFINITIONS</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 3 ELIGIBILITY AND PARTICIPATION</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">3.1 Eligibility</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">3.2 Participation</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">3.3 Termination of Participation</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 4 ELECTIONS AND CONTRIBUTIONS</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">4.1 Deferral Agreement</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">4.2 Types of Deferral Elections.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">4.3 Election Irrevocable</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">4.4 Timing of Deferral Elections</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">4.5 Matching Amounts</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">15</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">4.6 Election of Form of Payment</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">17</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">4.7 Change in Election of Form of Payment</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">17</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 5 VESTING</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">18</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">5.1 Vesting of Participant Deferral Amounts</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">18</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 6 ACCOUNTS AND CREDITS</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">19</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">6.1 Establishment of Deferral Account</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">19</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">6.2 Crediting of Deferral Amounts</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">19</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">6.3 Adjustment of Deferral Account</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">19</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">6.4 Measurement Funds</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">20</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">6.5 Forfeiture</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">20</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 7 BENEFIT DISTRIBUTIONS</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">21</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">7.1 Normal Form of Benefits</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">21</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">7.2 Amount of Benefits</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">21</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">7.3 Benefit Payment Events</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">21</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">7.4 Time of Payment</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">21</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">7.5 Unforeseeable Emergency</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">22</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">7.6 Required Delay in Payment to Key Employees</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">22</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">7.7 Permissible Delays in Payment</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">23</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">7.8 Permitted Acceleration of Payment</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">23</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 8 BENEFICIARIES</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">25</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">8.1 Automatic Beneficiary</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">25</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">8.2 Designated Beneficiary or Beneficiaries</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">25</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">8.3 Death</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">25</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 9 RIGHTS OF PARTICIPANTS AND BENEFICIARIES</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">26</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">9.1 Creditor Status of Participant and Beneficiary</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">26</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">9.2 Rights with Respect to a Trust</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">26</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">9.3 Investments</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">26</TD>
    <TD>&nbsp;</TD>
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    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 10 TRUST</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">27</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">10.1 Possible Establishment of Trust</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">27</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">10.2 Grantor Trust</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">27</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">10.3 Obligations of the Company</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">27</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">10.4 Trust Terms</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">27</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">10.5 Investment of Trust Funds</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">27</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 11 ADMINISTRATION</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">28</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">11.1 Appointment of Administrator</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">28</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">11.2 Powers and Duties of the Administrator</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">28</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">11.3 Engagement of Advisors</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">28</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">11.4 Payment of Costs and Expenses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">28</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 12</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">30</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">CLAIMS PROCEDURE</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">30</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">12.1 Claim for Benefits</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">30</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">12.2 Denial of a Claim</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">30</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">12.3 Request for Review of a Denial of a Claim for Benefits</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">30</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">12.4 Appeals Procedure</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">30</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">12.5 Decision upon Review of Denial of Claim for Benefits</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">31</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">12.6 Establishment of Appeals Committee</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">32</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 13 AMENDMENT AND TERMINATION</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">33</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">13.1 Power to Amend</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">33</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">13.2 Power to Terminate</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">33</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">13.3 No Liability for Plan Amendment or Termination</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">34</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 14 MISCELLANEOUS</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">35</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">14.1 Non-Alienation</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">35</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">14.2 Tax Withholding</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">35</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">14.3 Incapacity</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">35</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">14.4 Administrative Forms</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">35</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">14.5 Independence of Plan</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">35</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">14.6 No Employment Rights Created</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">35</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">14.7 Responsibility for Legal Effect</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">35</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">14.8 Company&#146;s Liability</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">36</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">14.9 Limitation of Duties</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">36</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">14.10 Limitation of Company&#146;s Liability</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">36</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">14.11 Successors</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">36</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">14.12 Controlling Law</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">36</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">14.13 Notice</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">36</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">14.14 Headings and Titles</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">36</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">14.15 General Rules of Construction</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">36</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">14.16 Severability</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">37</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">14.17 Indemnification</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">37</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


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</DIV>

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


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>J. ALEXANDER&#146;S CORPORATION</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>DEFERRED COMPENSATION PLAN</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The J. Alexander&#146;s Corporation Deferred Compensation Plan (&#147;the Plan&#148;) is hereby adopted by J.
Alexander&#146;s Corporation, a corporation organized and existing under and by virtue of the laws of
the State of Tennessee (the &#147;Company&#148;);
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>W I T N E S S E T H:</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS, the Company, in order to retain and reward a select group of management and/or highly
compensated employees (hereinafter referred to as &#147;Eligible Employee(s)&#148;), desires to provide
Eligible Employees with the opportunity to obtain additional retirement benefits through the Plan;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NOW, THEREFORE, the Company hereby adopts the Plan, effective June&nbsp;23, 2008, as follows:
</DIV>


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</DIV>

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

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE 1<BR>
NAME AND PURPOSE</B>
</DIV>


<DIV style="margin-top: 6pt">
<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="left">1.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Name</B>. The name of the Plan shall be the J. Alexander&#146;s Corporation Deferred Compensation
Plan.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">1.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Purpose</B>. The purpose of the Plan is to retain and reward certain management and highly
compensated employees of the Company who have contributed to the Company&#146;s success and are
expected to continue to contribute to such success in the future.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">1.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Plan for a Select Group</B>. The Plan shall cover certain Employees of the Company who are
members of a &#147;select group of management or highly compensated employees&#148; within the meaning
of ERISA Sections&nbsp;201(2), 301(a)(3) and 401(a)(1). The Company shall have the authority to
take any and all actions necessary or desirable in order for the Plan to satisfy the
requirements set forth in ERISA and the regulations thereunder applicable to plans maintained
for Employees who are members of a select group of management or highly compensated employees.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">1.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Not a Funded Plan</B>. It is the intention and purpose of the Company that the Plan shall be
deemed to be &#147;unfunded&#148; for tax purposes and deemed a plan as would properly be described as
&#147;unfunded&#148; for purposes of Title I of ERISA. The Plan shall be administered in such a manner,
notwithstanding any contrary provision of the Plan, in order that it will be so deemed and
would be so described.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">1.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Section&nbsp;409A</B>. The Plan is intended to conform with the requirements of Section&nbsp;409A of the
Code and the final regulations issued thereunder and shall be implemented and administered in
a manner consistent therewith.</TD>
</TR>


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


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</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE 2<BR>
DEFINITIONS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unless the context otherwise indicates, the following words used herein shall have the
following meanings wherever used in this instrument:
</DIV>

<DIV style="margin-top: 6pt">
<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="left">2.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Administrator</B>. The word &#147;Administrator&#148; shall mean the committee composed of the Chief
Financial Officer, the Vice President/Controller and the Vice President of Human Resources of
the Company and any other person(s) designated by the Chief Executive Officer (the &#147;CEO&#148;) from
time to time, in his sole discretion, or such other person(s) or entity appointed by the Board
pursuant to Article&nbsp;11.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">2.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Affiliated Company</B>. Any corporation which is a member of a controlled group of corporations
of which the Company is a member, or any unincorporated trade or business which is under the
common control of or with the Company, or any affiliated service group of which the Company is
a member, which are required to be aggregated with the Company under section 414(b) or 414(c)
of the Code, without substitution of a lower percentage for 80% in applying section
1563(a)(1), (2)&nbsp;and (3)&nbsp;of the Code as permitted in section 1.409A-1(h)(3) of the Regulations.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">2.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Alternate Payee</B>. The words &#147;Alternate Payee&#148; shall mean any spouse, former spouse, child or
other dependent of a Participant who is recognized by a Domestic Relations Order as having a
right to receive all, or a portion of , the benefits payable under this Plan to that
Participant.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">2.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Appeals Committee</B>. The words &#147;Appeals Committee&#148; shall mean the Compensation Committee or
such other committee established by the Board pursuant to Article&nbsp;12.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">2.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Base Salary</B>. The words &#147;Base Salary&#148; shall mean a Participant&#146;s base remuneration for
services rendered to the Company as an Employee and while a Participant. A Participant&#146;s Base
Salary will not be reduced by amounts which the Participant has elected to defer pursuant to
Article&nbsp;4 of this Plan or by the amount of the Participant&#146;s elective deferrals or salary
reduction in the 401(k) Plan or any cafeteria plan (i.e., amounts excluded from taxable income
under sections 125, 402(e)(3) and 402(h) of the Code). Furthermore, Base Salary shall not
include any bonus amounts, reimbursements or other expense allowances, fringe benefits (cash
and noncash), moving expenses, deferred compensation, welfare benefits or matching or employer
contributions under any employee benefit plan of the Company.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">2.6</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Beneficiary</B>. The word &#147;Beneficiary&#148; shall mean the person, trust, estate or other entity who
or which is designated pursuant to Article&nbsp;8 to receive Benefit Payments upon the death of a
Participant.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">2.7</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Benefit Payment</B>. The words &#147;Benefit Payment&#148; shall mean payment of the benefit as set forth
in Article&nbsp;7, Section&nbsp;8.3 or Section&nbsp;13.2.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">2.8</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Benefit Payment Commencement Date</B>. The words &#147;Benefit Payment Commencement Date&#148; shall mean
the earliest date on which a Benefit Payment for a particular Benefit Payment Event may be
distributed (or commence to be distributed, if payable in</TD>
</TR>


</TABLE>
</DIV>
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</TABLE>
</DIV>

<DIV align="left" style="margin-left: 4%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt">installments) under the terms of this Plan. In general, the Benefit Payment Commencement
Date shall be the date that the Benefit Payment Event occurs.</DIV>


<DIV style="margin-top: 6pt">
<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="left">2.9</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Benefit Payment Event</B>. The words &#147;Benefit Payment Event&#148; shall mean the occurrence of an
event entitling a Participant to receive a payment of his or her benefits and which event is
identified as a Benefit Payment Event under the terms of this Plan. The Plan may provide for
payments on account of events which are not included in the Term &#147;Benefit Payment Event&#148;
(e.g., Unforeseeable Emergency, Plan termination (including termination following a Change in
Control) and as otherwise allowed by the Regulations under Section&nbsp;409A).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">2.10</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Board</B>. The word &#147;Board&#148; shall mean the Board of Directors of the Company.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Bonus</B>. The word &#147;Bonus&#148; shall mean a Participant&#146;s cash bonus and incentive payments for
services rendered to the Company as an Employee and while a Participant. A Participant&#146;s
Bonus will not be reduced by amounts which the Participant has elected to defer pursuant to
Article&nbsp;4 of this Plan or by the amount of the Participant&#146;s elective deferrals or salary
reduction in the 401(k) Plan or any cafeteria plan (i.e., amounts excluded from taxable
income under sections 125, 402(e)(3) and 402(h) of the Code).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">2.11</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Change in Control</B>. A &#147;Change in Control&#148; shall be deemed to have occurred upon the first to
occur of any of the following events:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<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="5%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any one person or group (as described in Regulations promulgated under Section
409A) acquires ownership of stock of the Company that, together with stock held by such
person or group, constitutes more than fifty percent (50%) of the total fair market
value or total voting power of the stock of the Company; or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Notwithstanding that the Company has not undergone a Change in Control as
described in 2.11(a), a Change in Control of the Company occurs on the date that
either:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<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="8%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any one person or more than one person acting as a group (as
described in Regulations promulgated under Section&nbsp;409A), acquires or has
acquired during the 12-month period ending on the date of the most recent
acquisition by such person or persons ownership of stock of the Company
possessing thirty percent (30%) or more of the total voting power of the stock
of such corporation; or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A majority of members of the Company&#146;s Board is replaced during
any 12-month period by directors whose appointment or election is not endorsed
by a majority of the members of the Company&#146;s Board prior to the date of the
appointment or election; or</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<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="5%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any one person or group (as described in Regulations promulgated under Section
409A) acquires or has acquired during the 12-month period ending on the date of the
most recent acquisition by such person or persons assets from the Company that have a
total gross fair market value equal to or more than forty percent (40%) of all the
assets of the Company immediately prior to such acquisition or</TD>
</TR>

</TABLE>
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</TABLE>
</DIV>

<DIV align="left" style="margin-left: 6%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt">acquisitions. For this purpose, gross fair market value means the value of the
assets of the Company, or the value of the assets being disposed of, determined
without regard to any liabilities associated with such assets.</DIV>


<DIV align="left" style="margin-left: 4%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt">In determining whether a Change in Control has occurred, the following rules shall be
applicable:</DIV>


<DIV style="margin-top: 6pt">
<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="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(I)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For purposes of a change in ownership described in clause (a)&nbsp;above, if any one
person or more than one person acting as a proxy is considered to own more than fifty
percent (50%) of the total fair market value or total voting power of the stock of a
corporation, the acquisition of additional stock by the same person or persons is not
considered to cause a change in the ownership of the corporation (or to cause a change
in the effective control of the corporation as described in clause (b)). An increase
in the percentage of stock owned by any one person, or persons acting as a group, as a
result of a transaction in which the corporation acquires its stock in exchange for
property will be treated as an acquisition of stock. Section&nbsp;2.11(a) applies only when
there is a transfer of stock of a corporation (or issuance of stock of a corporation)
and stock in such corporation remains outstanding after the transaction. For purposes
of Section&nbsp;2.11(a), persons will not be considered to be acting as a group solely
because they purchase or own stock of the same corporation at the same time or as a
result of a public offering. Persons will, however, be considered to be acting as a
group if they are owners of a corporation that enters into a merger, consolidation,
purchase or acquisition of stock, or similar business transaction with the corporation.
If a person, including an entity, owns stock in both corporations that enter into a
merger, consolidation, purchase or acquisition of stock, or similar transaction, such
shareholder is considered to be acting as a group with other shareholders only with
respect to the ownership in that corporation prior to the transaction giving rise to
the change and not with respect to the ownership interest in the other corporation.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(II)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For purposes of a change in effective control of a corporation described in
clause (b)&nbsp;above, if one person, or more than one person acting as a group, is
considered to effectively control a corporation within the meaning of clause (b), the
acquisition of additional control of the corporation by the same person or persons is
not considered to cause a change in the effective control of the corporation within the
meaning of clause (b)&nbsp;or to cause a change in the ownership of the corporation within
the meaning of clause (a). Persons will or will not be considered to be acting as a
group in accordance with rules similar to those set forth in clause (I)&nbsp;and as
specifically provided in section 1.409A-3(i)(5)(vi)(D) of the Regulations under Section
409A.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(III)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For purposes of a change in the ownership of a substantial portion of a
corporation&#146;s assets described in clause (c)&nbsp;above, there is not a Change in Control
event when there is a transfer to an entity that is controlled by the shareholders of
the transferring corporation immediately after the transfer. A transfer of assets by a
corporation is not treated as a change in ownership of such assets if the assets are
transferred to (i)&nbsp;a shareholder of the corporation (immediately before the asset
transfer) in exchange for or with respect to its stock,</TD>
</TR>

</TABLE>
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</TABLE>
</DIV>

<DIV align="left" style="margin-left: 7%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt">(ii)&nbsp;an entity, fifty percent (50%) or more of the total value or voting power of
which is owned, directly or indirectly, by the corporation, (iii)&nbsp;a person, or more
than one person acting as a group, that owns, directly or indirectly, fifty percent
(50%) or more of the total value or voting power of all the outstanding stock of the
corporation, or (iv)&nbsp;an entity, at least fifty (50%) of the total value or voting
power of which is owned, directly or indirectly, by a person described in
immediately preceding clause (iii). For purposes of the foregoing, and except as
otherwise provided, a person&#146;s status is determined immediately after the transfer
of assets. Persons will or will not be considered to be acting as a group in
accordance with rules similar to those set forth in clause (I), and as specifically
provided in section 1.409A-3(i)(5)(vii)(C) of the Regulations under Section&nbsp;409A.</DIV>


<DIV style="margin-top: 6pt">
<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="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(IV)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Code Section 318(a) applies for purposes of determining stock ownership. Stock
underlying a vested option is considered owned by the individual who owns the vested
option (and the stock underlying an unvested option is not considered owned by the
individual who holds the unvested option). If, however, a vested option is exercisable
for stock that is not substantially vested (as defined by Regulation section 1.83-3(b)
and (j)) the stock underlying the option is not treated as owned by the individual who
holds the option.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(V)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Whether a Change in Control has occurred will be determined by the Company in
accordance with the rules and definitions set forth in this Section&nbsp;2.11. This
determination shall be made in a manner consistent with section 409A of the Code and
the Regulations thereunder.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<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="left">2.12</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Code</B>. The word &#147;Code&#148; shall mean the Internal Revenue Code of 1986, as amended. Whenever a
reference is made herein to a specific Code section, such reference shall be deemed to include
any successor Code section having the same or a substantially similar purpose.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">2.13</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Company</B>. The word &#147;Company&#148; shall mean J. Alexander&#146;s Corporation and any successor
corporation or business organization which shall assume the duties and obligations of J.
Alexander&#146;s Corporation, under the Plan.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">2.14</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Compensation</B>. The word &#147;Compensation&#148; shall have the same meaning as &#147;Compensation&#148; under
the terms of the 401(k) Plan, subject to the maximum dollar limitation prescribed by section
401(a)(17) of the Code ($230,000 in 2008).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">2.15</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Compensation Committee</B>. The words &#147;Compensation Committee&#148; shall mean the Compensation
Committee of the Board.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">2.16</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Deferral Agreement</B>. The words &#147;Deferral Agreement&#148; shall mean the agreement containing the
election by an Eligible Employee to defer his Compensation pursuant to Section&nbsp;4.1.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">2.17</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Deferral Account</B>. The words &#147;Deferral Account&#148; shall mean a bookkeeping account maintained
by the Administrator on behalf of each Participant to which credits and debits are made as
provided in Article&nbsp;6.</TD>
</TR>

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


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<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="left">2.18</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Deferral Amount</B>. The words &#147;Deferral Amount&#148; shall mean for each Participant an amount equal
to the amount by which the Participant&#146;s Base Salary and/or Bonus are reduced by means of a
deferral election pursuant to Section&nbsp;4.1 herein.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">2.19</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Director</B>. The word &#147;Director&#148; shall mean a member of the Board of Directors of the Company.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">2.20</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Disability</B>. The word &#147;Disability&#148; shall have the following meaning: A Participant shall be
considered disabled if the Participant:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<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="5%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Is unable to engage in any substantial gainful activity by reason of any
medically determinable physical or mental impairment which can be expected to result in
death or can be expected to last for a continuous period of not less than twelve (12)
months;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Is, by reason of any medically determinable physical or mental impairment which
can be expected to result in death or can be expected to last for a continuous period
of not less than twelve (12)&nbsp;months, receiving income replacement benefits for a period
of not less than three (3)&nbsp;months under an accident and health plan covering employees
of the Company; or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Is determined to be totally disabled by the Social Security Administration.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="margin-left: 5%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt">The determination of whether a Disability exists shall be made by the Administrator.</DIV>


<DIV style="margin-top: 6pt">
<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="left">2.21</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Domestic Relations Order</B>. The words &#147;Domestic Relations Order&#148; shall mean a judgment, decree
or order (including approval of a property settlement agreement) which is made pursuant to a
state domestic relations law, which relates to the provision of child support, alimony
payments or marital property rights to a spouse, child or other dependent of a Participant
(&#147;Alternate Payee&#148;), and which creates or recognizes the existence of an Alternate Payee&#146;s
right to, or assigns to an Alternate Payee the right to, receive all or a portion of the
benefits payable to a Participant.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">2.22</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Effective Date</B>. The words &#147;Effective Date&#148; shall mean the date the Plan becomes effective,
which is June&nbsp;23, 2008.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">2.23</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Eligible Employee</B>. The words &#147;Eligible Employee&#148; shall mean an Employee of the Company or
Affiliated Company who satisfies the eligibility requirements of Section&nbsp;3.1.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">2.24</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Employee</B>. The word &#147;Employee&#148; shall mean any common-law employee of the Company or of any
Affiliated Company, whether or not a Board member, but excluding any person serving only in
the capacity of Board member of the Company or any Affiliated Company. Notwithstanding the
foregoing, the Compensation Committee may, in its discretion, exclude employees of any
Affiliated Company from eligibility to participate in the Plan; and the Compensation Committee
may, in its discretion, make employees of any subsidiary that is not an Affiliated Company
eligible to participate in the Plan.</TD>
</TR>

</TABLE>
</DIV>
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</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<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="left">2.25</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>ERISA</B>. The acronym &#147;ERISA&#148; shall mean the Employee Retirement Income Security Act of 1974,
as amended. Whenever a reference is made herein to a specific ERISA section, such reference
shall be deemed to include any successor ERISA section having the same or a substantially
similar purpose.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">2.26</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>4</B><B>01(k)</B><B> Plan</B>. The words &#147;401(k) Plan&#148; shall mean the J. Alexander&#146;s Corporation Savings
Incentive and Salary Deferral Plan, as it may be amended.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">2.27</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>4</B><B>01(k)</B><B> Matching Refund Amount</B>. The words &#147;401(k) Matching Refund Amount&#148; shall mean, for a
Participant who makes elective deferrals under the 401(k) Plan and receives an allocation of
matching contributions under the 401(k) Plan, the refund (if any) attributable to the amount
of such matching contributions (not including earnings) allocated to that Participant for a
particular plan year of the 401(k) Plan that are determined under the terms of the 401(k) Plan
to be in excess of the limitations resulting from the application of the actual contribution
percentage test pursuant to section 1.401(m)-2(a) of the Regulations, which amount (less any
portion forfeited because the Participant is not fully vested) is refunded to the Participant
after the last day of such plan year.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">2.28</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Identification Date</B>. The words &#147;Identification Date&#148; shall mean the date determined by the
Administrator in accordance with section 1.409A-1(i)(3) of the Regulations which is the last
day of the 12-month period for determination of Key Employees. Unless otherwise designated,
the Identification Date shall be December&nbsp;31.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">2.29</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Key Employee</B>. The words &#147;Key Employee&#148; shall mean a &#147;key employee&#148; of the Company as
described in section 416(i)(1)(A)(i), (ii)&nbsp;or (iii)&nbsp;of the Code (without regard to section
416(i)(5) of the Code) (generally, an officer having annual compensation of more than $150,000
(in 2008), as adjusted; a 5% owner; or a 1% owner having annual compensation of more than
$150,000), determined at any time during the 12-month period ending on the Identification
Date. A Participant who is a Key Employee on an Identification Date shall be treated as a Key
Employee for the twelve month period beginning on January 1 (or such other date designated in
accordance with Section&nbsp;7.6) immediately following such Identification Date. For purposes
hereof, the term &#147;officer&#148; shall be determined on the basis of all facts, including the source
of his authority, the term for which elected or appointed, and the nature and extent of his
duties. Generally, the term &#147;officer&#148; means an administrative executive who is in regular and
continued service. An Employee who merely has the title of an officer, but not the authority
of an officer, is not to be considered an officer hereunder. Similarly, an Employee who does
not have the title of an officer but has the authority of an officer is an officer for this
purpose. Furthermore, for purposes hereof, during any 12-month period following an
Identification Date, no more than fifty (50)&nbsp;employees of all members of the controlled group
consisting of the Company and all Affiliated Companies, or if less, the greater of three (3)
individuals or ten percent (10%) of such employees of all members of such controlled group,
shall be treated as officers hereunder.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">2.30</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Matching Amount</B>. The words &#147;Matching Amount&#148; shall mean an annual amount to be credited to a
Participant&#146;s Deferral Account by the Company pursuant to Section&nbsp;4.5.</TD>
</TR>

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


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<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="left">2.31</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Measurement Funds</B>. The words &#147;Measurement Funds&#148; shall mean hypothetical investments the
Participant may elect to value his or her Deferral Account balances.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">2.32</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Participant</B>. The word &#147;Participant&#148; shall mean an Eligible Employee who participates in the
Plan by making a deferral election in a Deferral Agreement.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">2.33</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Participation Commencement Date for Bonus and/or Base Salary</B>. The words &#147;Participation
Commencement Date for Bonus&#148; shall mean, for each Participant, the date that his or her
Deferral Agreement first becomes effective for deferral of Bonus as provided in Section
4.4(f). The words &#147;Participation Commencement Date for Base Salary&#148; shall mean, for each
Participant, the date that his or her Deferral Agreement first becomes effective for deferral
of Base Salary as provided in Section&nbsp;4.4(f).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">2.34</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Plan</B>. The word &#147;Plan&#148; shall mean the J. Alexander&#146;s Corporation Deferred Compensation Plan
as set forth herein, effective as of the Effective Date, and as it may be later amended.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">2.35</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Plan Year</B>. The words &#147;Plan Year&#148; shall mean the twelve- (12)&nbsp;month period ending on December
31 in each calendar year, except that the initial Plan Year shall be the short period
commencing on June&nbsp;23, 2008 and ending on December&nbsp;31, 2008.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">2.36</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Regulations</B>. The word &#147;Regulations&#148; shall mean the regulations promulgated by the Treasury
Department under the Code.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">2.37</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Section&nbsp;409A</B>. The words &#147;Section&nbsp;409A&#148; shall mean section 409A of the Code, related
Regulations and guidance thereunder, including such Regulations and guidance promulgated after
the Effective Date of the Plan.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">2.38</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Separation from Service</B>. The words &#147;Separation from Service&#148; shall mean for any Participant
the occurrence of any one of the following events:</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="margin-left: 4%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt">(a)&nbsp;The Participant is discharged by the Company;</DIV>


<DIV align="left" style="margin-left: 4%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt">(b)&nbsp;The Participant voluntarily terminates employment with the Company; or</DIV>


<DIV align="left" style="margin-left: 4%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt">(c)&nbsp;The Participant dies while employed with the Company.</DIV>


<DIV align="left" style="margin-left: 4%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt">For purposes of determining whether a Separation from Service has occurred, the term
&#147;Company&#148; shall include any &#147;Affiliated Company&#148;, and no Separation from Service shall be
deemed to have occurred if the Participant remains employed by any Affiliated Company.</DIV>


<DIV align="left" style="margin-left: 4%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt">A Separation from Service does not occur if the Participant is on military leave, sick leave
or other bona fide leave of absence if the period of leave does not exceed six months or
such longer period during which the Participant&#146;s right to reemployment is provided by
statute or contract. If the period of leave exceeds six months and the Participant&#146;s right
to reemployment is not provided either by statute or contract, a Separation from Service
will be deemed to have occurred on the first day following the six-month period. If the
period of leave is due to any medically determinable physical or</DIV>



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




<DIV align="left" style="margin-left: 4%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt">mental impairment that can be expected to result in death or can be expected to last for a
continuous period of not less than six months, where the impairment causes the Participant
to be unable to perform the duties of his or her position of employment or any substantially
similar position of employment, a 29&nbsp;month period of absence may be substituted for the six
month period.</DIV>


<DIV align="left" style="margin-left: 4%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt">Whether a termination of employment has occurred is based on whether the facts and
circumstances indicate that the Company and the Participant reasonably anticipated that no
further services would be performed after a certain date or that the level of bona fide
services the Participant would perform after such date (whether as an employee or as an
independent contractor) would permanently decrease to no more than 20&nbsp;percent of the average
level of bona fide services performed (whether as an employee or an independent contractor)
over the immediately preceding 36&nbsp;month period (or the full period of services to the
Company if the employee has been providing services to the Company for less than 36&nbsp;months).</DIV>


<DIV align="left" style="margin-left: 4%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt">If a Participant provides services both as an Employee and as a member of the Board, the
services provided as a director are not taken into account in determining whether the
Participant has incurred a Separation from Service as an Employee for purposes of this Plan,
unless this Plan is aggregated under Section&nbsp;409A with any plan in which the Participant
participates as a director.</DIV>


<DIV align="left" style="margin-left: 4%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt">All determinations of whether a Separation from Service has occurred will be made in a
manner consistent with Section&nbsp;409A and the Regulations thereunder.</DIV>


<DIV style="margin-top: 6pt">
<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="left">2.39</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Unforeseeable Emergency</B>. The term &#147;Unforeseeable Emergency&#148; shall mean a severe financial
hardship to the Participant resulting from an illness or accident of the Participant, the
Beneficiary, the Participant&#146;s spouse, or a dependent of the Participant; loss of the
Participant&#146;s property due to casualty (including the need to rebuild a home not otherwise
covered by insurance); or other similar extraordinary and unforeseeable circumstances arising
as a result of events beyond the control of the Participant. The purchase of a home and the
payment of college tuition are not normally Unforeseeable Emergencies.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">2.40</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>USERRA</B>. The acronym &#147;USERRA&#148; shall mean the Uniformed Services Employment and Reemployment
Rights Act of 1994, as amended.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">2.41</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Valuation Date</B>. The words &#147;Valuation Date&#148; shall mean the dates on which Deferral Amounts,
Matching Amounts, Benefit Payments and investment earnings or losses are credited or debited
to the Deferral Accounts. Unless otherwise designated in writing by the Administrator, the
Valuation Dates shall be March&nbsp;31, June&nbsp;30, September&nbsp;30 and December&nbsp;31 of each year. The
authority of the Administrator to change the Valuation Dates shall include the authority to
designate an interim Valuation Date at any time.</TD>
</TR>


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


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</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE 3<BR>
ELIGIBILITY AND PARTICIPATION</B>
</DIV>


<DIV style="margin-top: 6pt">
<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="left">3.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Eligibility</B>. Employees who are classified in any of the following categories: (i)&nbsp;officers
of the Company or of any Affiliated Company (except for any Affiliated Company whose employees
are excluded by the Compensation Committee), (ii)&nbsp;corporate and regional directors, (iii)
corporate managers and (iv)&nbsp;head coaches (i.e., general managers) shall be eligible to
participate, commencing on the Participation Commencement Date specified by Section&nbsp;4.4(f).
An Eligible Employee who is transferred during a particular Plan Year to a position other than
the categories listed in the preceding sentence shall nonetheless remain an Eligible Employee
for the remainder of that Plan Year so long as the Eligible Employee remains an employee of
the Company (or any Affiliated Company) for the remainder of such Plan Year. The Compensation
Committee may, at any time and in its discretion, add to, subtract or otherwise change the
categories of employees who are eligible to participate.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">3.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Participation</B>. Each Eligible Employee who makes a deferral election in a Deferral
Agreement shall become a Participant on the Participation Commencement Date.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">3.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Termination of Participation</B>. Participation shall cease upon the payment to the Participant
of the remaining balance in his or her Deferral Account.</TD>
</TR>


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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE 4<BR>
ELECTIONS AND CONTRIBUTIONS</B>
</DIV>


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<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">4.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Deferral Agreement</B>. Each Eligible Employee may elect to defer his or her Compensation by
executing, in writing, a Deferral Agreement in accordance with rules and procedures
established by the Administrator and the provisions of this Article&nbsp;4. If an Eligible
Employee makes a deferral election hereunder for a Plan Year, then a portion of the Base
Salary and/or Bonus which would otherwise be paid to the Participant by the Company shall be
retained by the Company and, in lieu thereof, an amount equal to the amount deferred shall
constitute a Deferral Amount hereunder and shall be credited to the Participant&#146;s Deferral
Account pursuant to Article&nbsp;6.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If a Participant ceases to be an Eligible Employee, the Deferral Agreement for that
Participant shall be cancelled (but not prior to the time when such Participant ceases to be
an Eligible Employee pursuant to Section&nbsp;3.1) and that Participant shall not be eligible to
enter into another Deferral Agreement unless he or she again becomes an Eligible Employee.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A Participant&#146;s election under a Deferral Agreement shall remain in effect until terminated
or modified by the Participant; provided, however, that such election shall become
irrevocable as of each December&nbsp;31 with respect to Base Salary that is paid in connection
with services performed in the immediately following Plan Year and such election shall
become irrevocable as of the last day of the Company&#146;s fiscal year with respect to a Bonus
that is paid in connection with services performed in the immediately following fiscal year.
Notwithstanding the foregoing, for a Bonus that is treated as &#147;performance based
compensation&#148; described in Section&nbsp;4.4(b), the Deferral Agreement as to such Bonus may be
revoked no later than the date which is six months prior to the end of the performance
period during which the Bonus is earned. Any modification or termination of a Deferral
Agreement by a Participant must be in a form prescribed by the Administrator and within any
period or before any deadline date that may be established by the Administrator pursuant to
Section&nbsp;4.4(d).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For purposes of determining whether amounts are paid with respect to services performed in a
particular year, compensation paid on or after January 1 solely for services performed
during the final payroll period described in section 3401(b) of the Code containing the
immediately preceding December&nbsp;31 shall be treated as compensation for services performed in
the year when payment is made.</TD>
</TR>


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</DIV>

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<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">4.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Types of Deferral Elections</B>. Each Participant may make separate elections in one or more
Deferral Agreements as to the following:</TD>
</TR>

</TABLE>
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</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
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<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Base Salary Deferral</B>. With respect to each Plan Year, a Participant may elect
to defer a portion of Base Salary by making a deferral election in writing as required
by the Administrator. A Participant&#146;s deferral election shall specify a stated
percentage or dollar amount of the Participant&#146;s Base Salary, which specified
percentage or dollar amount shall not be less than one percent (1%) nor exceed
twenty-five percent (25%) of the Participant&#146;s Base Salary. The amount so elected
under the deferral election shall be credited to the Participant&#146;s Deferral Account at
the times specified in Article&nbsp;6.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Bonus Deferral</B>. A Participant may elect to defer all or a portion of his or
her potential Bonus by making a deferral election in writing as required by the
Administrator. A Participant&#146;s deferral election shall specify a stated percentage or
dollar amount of the Participant&#146;s Bonus, which specified percentage or dollar amount
shall not be less than one percent (1%) nor exceed twenty-five percent (25%) of the
Participant&#146;s Bonus. The amount so elected under the deferral election shall be
credited to the Participant&#146;s Deferral Account under the Plan at the time specified in
Article&nbsp;6.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="margin-left: 3%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt">All elections to make deferrals under the Plan, and all resulting deferrals, shall be
subject to such rules, procedures, limits and restrictions as the Administrator may
establish from time to time. No election in violation of Section&nbsp;409A will be effective.</DIV>


<DIV style="margin-top: 6pt">
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<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">4.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Election Irrevocable</B>. A Participant&#146;s deferral election shall be irrevocable for the entire
Plan Year or other period for which it is made (except as provided in Section&nbsp;7.5 following a
distribution due to an Unforeseeable Emergency and as provided in Section&nbsp;4.4(h) following a
determination of Disability).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">4.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Timing of Deferral Elections</B>. The following rules govern the timing of all deferral
elections under the Plan:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
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<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Base Salary Deferral</B>. A Participant must complete a Deferral Agreement for
Base Salary making the deferral election described in Section&nbsp;4.2(a) no later than the
last day of the Plan Year immediately preceding the Plan Year during which the services
will be performed that result in the payment of Base Salary which is deferred (or such
earlier date as may be designated by the Administrator as provided in Section&nbsp;4.4(d)).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Bonus Deferral</B>. If a bonus is paid for services rendered entirely within a
particular fiscal year of the Company (i.e., qualifies as &#147;fiscal year compensation&#148;
within the meaning of section 1.409A-2(a)(6) of the Regulations), then a Participant
must complete a Deferral Agreement for Bonus making the deferral election described in
Section&nbsp;4.2(b) no later than the last day of the Company&#146;s fiscal year immediately
preceding the fiscal year in which the services are performed for which such Bonus is
payable. Notwithstanding the foregoing, if the Bonus can be treated as &#147;performance
based compensation&#148; as described in section 409(a)(4)(B)(iii) of the Code, attributable
to a performance period of at least twelve (12)&nbsp;consecutive months, the Deferral
Agreement may be completed no later than the date which is six months prior to the end
of the performance</TD>
</TR>


</TABLE>
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</DIV>

<DIV align="left" style="margin-left: 6%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt">period during which the Bonus is earned. In each of the above cases, the
Administrator may establish an earlier deadline as provided in Section&nbsp;4.4(d).</DIV>


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<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Deferral Elections for Initial Plan Year</B>. Subject to the establishment of an
earlier deadline date by the Administrator as provided in Section&nbsp;4.4(d), for the
initial short Plan Year commencing on June&nbsp;23, 2008, and ending on December&nbsp;31, 2008,
notwithstanding anything to the contrary contained in Section&nbsp;4.4(a) or 4.4(b):</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
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<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="7%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a Participant must complete a Deferral Agreement for Base
Salary described in Section&nbsp;4.2(a) no later than June&nbsp;22, 2008, in the case
of a bi-weekly payroll period, and no later than June&nbsp;30, 2008, in the case
of a semi monthly payroll period; and such Deferral Agreement shall be
effective only as to Base Salary with respect to services performed after the
Participation Commencement Date; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="7%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a Participant must complete a Deferral Agreement for Bonus
described in Section&nbsp;4.2(b) no later than June&nbsp;22, 2008, in the case of a
bi-weekly payroll period, and no later than June&nbsp;30, 2008, in the case of a
semi monthly payroll period; and such Deferral Agreement shall be effective
only as to Bonus with respect to the portion of the Bonus earned after the
Participation Commencement Date, determined as the product of the amount of the
first Bonus paid after the Participation Commencement Date by the ratio of (i)
the number of days remaining in the performance period during which the Bonus
is earned after the Participation Commencement Date (including the
Participation Commencement Date in this calculation) over (ii)&nbsp;the total number
of days in the performance period during which the Bonus is earned.</TD>
</TR>

</TABLE>
</DIV>



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<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Administrator Determines Deadline</B>. The Administrator may establish a deadline
date for completion or revocation of Deferral Agreements of each type set forth in
subsections (a), (b)&nbsp;or (c), or a period during which such deferral elections must be
completed or revoked. The Administrator may establish different deadline dates for
Participants who are paid based on payroll periods of different lengths (e.g.,
bi-weekly or semi-monthly). Any such designation can not be later than the respective
dates set forth in subsections (a), (b)&nbsp;or (c)&nbsp;of this Section&nbsp;4.4, as applicable.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(e)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>USERRA</B>. The Administrator may allow a deferral election to be made at a
different time than specified under this Article&nbsp;4 as required to satisfy the
requirements of USERRA.</TD>
</TR>

</TABLE>
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</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
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<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(f)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Participation Commencement Date</B>. The Participation Commencement Date for Bonus
and/or Base Salary for the initial short Plan Year shall be June&nbsp;23, 2008, in the
case of a bi-weekly payroll period, and July&nbsp;1, 2008, in the case of a semi-monthly
payroll period. For subsequent periods, the Participation Commencement Date for Base
Salary shall be the first day of the Plan Year for which the Deferral Agreement is
effective, and the Participation Commencement Date for Bonus shall be the first day of
the Company&#146;s fiscal year (or in the case of &#147;performance based compensation&#148; described
in Section&nbsp;4.4(b), the date that is six months prior to the end of the performance
period) during which the Bonus is earned. Notwithstanding the foregoing, the
Administrator may delay the Participation Commencement Date if necessary in order to
process the deferral elections, to assure that the satisfactory and timely completion
of all requirements described in this Section&nbsp;4.4 or for other administrative reasons;
provided, however, that all Deferral Agreements that take effect on a particular
Participation Commencement Date must have been completed, signed and filed with the
Administrator no later than the respective dates set forth in subsections (a), (b)&nbsp;or
(c)&nbsp;of this Section&nbsp;4.4, as applicable.</TD>
</TR>


</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
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<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(g)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Participation Termination Date</B>. A Participant who does not enter into a
Deferral Agreement for a particular Plan Year, whose Deferral Agreement is cancelled as
provided in Section&nbsp;4.4(h) or Section&nbsp;7.5, who terminates his Deferral Agreement as
provided in Section&nbsp;4.1, or who is transferred to a position such that he or she is no
longer an Eligible Employee shall nonetheless remain a Participant, even though no
Deferral Amounts may be credited to his or her Deferral Account during the period
while the Deferral Agreement is not in effect, and such Participant shall continue to
receive allocations of investment earnings as provided in Section&nbsp;6.3.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
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<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(h)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Disability</B>. Upon a determination by the Administrator that a Participant is
suffering from a Disability, that Participant&#146;s Deferral Agreement shall be cancelled.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
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<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">4.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Matching Amounts</B>. In order to be eligible to receive a Matching Amounts under this Plan for
a particular Plan Year, a Participant must have entered into a Deferral Agreement for that
Plan Year and must be eligible to receive a matching contribution under the terms of the
401(k) Plan for that Plan Year. At the time specified in Section&nbsp;6.2, which generally will be
after the end of the Plan Year to which the Matching Amount relates, the Company will credit
such Participant&#146;s Deferral Account with a Matching Amount equal to the lesser of the
following:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
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<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the amount of matching contribution that would result from application of the
matching formula in the 401(k) Plan for the applicable Plan Year to the elective</TD>
</TR>

</TABLE>
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<DIV align="left" style="margin-left: 6%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt">deferrals in this Plan made by the Participant pursuant to his or her Deferral
Agreement for the applicable Plan Year, or</DIV>


<DIV style="margin-top: 6pt">
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<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the excess of (i)&nbsp;the amount of matching contributions that would have been
contributed to the 401(k) Plan for the applicable Plan Year if the Participant had made
elective deferrals to the 401(k) Plan equal to the sum of the dollar amount of elective
deferrals for that Plan Year made both to this Plan and to the 401(k) Plan
(disregarding for this purpose any limitations imposed by the Code with regard to
excess deferrals within the meaning of section 1.402(g)-1(e)(1)(iii) of the
Regulations, the actual deferral percentage test pursuant to section 1.401(k)-2(a) of
the Regulations or the actual contribution percentage test pursuant to section
1.401(m)-2(a) of the Regulations), over (ii)&nbsp;the sum of (y)&nbsp;the amount of matching
contributions allocated to that Participant&#146;s account in the 401(k) Plan for that Plan
Year and not distributed as excess aggregate contributions pursuant to section
1.401(m)-2(b)(2) of the Regulations and (z)&nbsp;the 401(k) Matching Refund Amount.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The following hypothetical example is for illustrative purposes only:</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>During 2009, an Eligible Employee who is 80% vested in the 401(k) Plan earns $90,000
in salary and $10,000 in bonus. The employee elects to defer 2% into the 401(k)
Plan (i.e., $1,800) and 3% into this Plan (i.e., $2,700). The Company&#146;s matching
contribution to the 401(k) Plan is $450 (25% x $1,800). Assume that the percentage
testing for the 401(k) Plan requires that $800 of elective deferrals and $200 of
matching contributions be refunded to the employee. The actual refund of matching
contributions is reduced to $160 because the 20% nonvested portion is forfeited.
Thus, elective deferrals equal to $1,000, and matching contributions equal to $250,
are retained in the 401(k) Plan.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The employee will be credited with a matching amount in this Plan, such credit
occurring in 2010 when the refund is made from the 401(k) Plan, in the amount
computed as whichever of the following is smaller:</TD>
</TR>
</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>25% x $2,700 = $675; or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The amount of match that would have been received in the 401(k) Plan if the total
deferrals of $4,500 had been made to that Plan:</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="60%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="70%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="right" valign="top"><DIV style="margin-left:0px; text-indent:-0px">Maximum 401(k) Match
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">= 25% x 3% compensation</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">= 25% x 3% ($100,000)</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">= $750</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="margin-left: 6%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt">minus refund of matching from 401(k) Plan</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 50%">=
$750 - $160<BR>
= $590

</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->16<!-- /Folio -->
</DIV>

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

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

<DIV align="left" style="margin-left: 6%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt">minus the allocation of matching contributions that the employee retains in the
401(k) Plan after the refund:</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 50%">=
$590 - $250<BR>
= $340

</DIV>

<DIV align="left" style="margin-left: 6%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt">Therefore, the employee is allocated $340 as a matching amount in this Plan.</DIV>


<DIV style="margin-top: 6pt">
<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="left">4.6</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Election of Form of Payment</B>. At the time that an Eligible Employee first completes a
Deferral Agreement, the Eligible Employee shall elect a form of payment for Benefit Payments
on account of Separation from Service under this Plan. The choices available shall be a
single lump sum payment, two annual installments or three annual installments. No election
shall be permitted with respect to any Benefit Payment Event other than Separation from
Service. The election of an installment form of payment shall not apply if the Separation
from Service is because of the Participant&#146;s death or disability; in either case, the Benefit
Payment shall be made in a single lump sum payment.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The election described above as to form of payment shall be in writing in accordance with
rules and procedures established by the Administrator and the provisions of this Article&nbsp;4.
Except as provided in Section&nbsp;4.7 an election by an Eligible Employee of a particular form
of payment shall be irrevocable. If an Eligible Employee should fail to make a timely
election upon first entering into a Deferral Agreement, that Eligible Employee shall be
deemed to have made an irrevocable election to receive a Benefit Payment resulting from
Separation from Service in a single lump sum payment.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<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="left">4.7</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Change in Election of Form of Payment. </B>The Administrator may at any time change the forms of
payment offered hereunder, but any such change by the Administrator shall be applicable only
to Eligible Employees who first complete a Deferral Agreement after the date of such action by
the Administrator; and, as to Participants who had already been credited with Deferral Amounts
prior to such change in the available forms of payment, the new forms of payment may be
elected only with respect to Deferral Amounts based on compensation earned after the date of
such action by the Administrator.</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->17<!-- /Folio -->
</DIV>

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

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


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE 5<BR>
VESTING</B>
</DIV>


<DIV style="margin-top: 6pt">
<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="left">5.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Vesting of Participant Deferral Amounts</B>. A Participant will at all times be one hundred
percent (100%) vested in all of his or her Deferral Account.</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->18<!-- /Folio -->
</DIV>

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

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


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE 6<BR>
ACCOUNTS AND CREDITS</B>
</DIV>


<DIV style="margin-top: 6pt">
<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="left">6.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Establishment of Deferral Account. </B>For accounting and computational purposes only, the
Administrator will establish and maintain a Deferral Account on behalf of each Participant
which will reflect the credits made pursuant to Section&nbsp;6.2, adjustments for distributions,
withdrawals or forfeitures made pursuant to Section&nbsp;6.3 and adjustments for the earnings,
expenses, gains and losses, attributable to the hypothetical investments made with the amounts
in the Account as provided in this Article&nbsp;6. The Administrator will establish and maintain
such other records and accounts, as it decides in its discretion to be reasonably required or
appropriate to discharge its duties under the Plan. All amounts credited to the Deferral
Account of any Participant or Beneficiary shall constitute a general, unsecured liability of
the Company to such person.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">6.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Crediting of Deferral Amounts</B>. Participant Deferral Amounts shall be credited to the
Participant&#146;s Deferral Account as of the date the Base Salary and/or Bonus would have
otherwise been paid to the Participant, absent the deferral election. Matching Amounts, if
any, for a Plan Year shall be credited to the Participant&#146;s Deferral Account as of a date
determined in the sole discretion of the Plan Administrator, but no earlier than the date
after the end of that Plan Year when the 401(k) Matching Refund Amount for that Plan Year is
determined.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">6.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Adjustment of Deferral Account</B>. The Deferral Account shall be adjusted on each Valuation
Date for earnings, gains and losses as if such Deferral Account held actual assets and such
assets were invested in Measurement Funds in accordance with Section&nbsp;6.4. The value of each
Participant&#146;s Deferral Account shall be adjusted on each Valuation Date, as follows, using the
terms and methods in the order defined below:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<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="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Beginning Balance</B>. The Ending Balance as of the preceding Valuation Date.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Ending Balance</B>. The Beginning Balance, plus Deferral Amounts and Matching
Amounts, plus investment earnings or minus investment losses (as determined in Section
6.3(d)), minus any Benefit Payments and forfeitures (as provided in Section&nbsp;6.5), which
occur during the period since the last Valuation Date.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Investment Earnings</B>. Investment earnings, gains and losses determined pursuant
to this Article&nbsp;6 will be credited to each Participant&#146;s Deferral Account as of the
current Valuation Date.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Earnings Determination</B>. Investment earnings, gains and losses shall be
determined on a Valuation Date based on the rate of return (which may be positive or
negative) in the Measurement Funds designated by the Participant since the last
Valuation Date as applied to the sum of the Beginning Balance and one-half (1/2) the
Deferral Amounts credited since the last Valuation Date, minus the amount of Benefit
Payments (and forfeitures provided in Section&nbsp;6.5) since the last Valuation Date.
Matching Amounts shall not be taken into account for this purpose until the Valuation
Date immediately following the date determined</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->19<!-- /Folio -->
</DIV>

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

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


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="left" style="margin-left: 6%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt">by the Administrator as specified in Section&nbsp;6.2. Investment earnings, gains, and
losses shall continue to be determined and credited or debited to the Deferral
Account of a Participant who has elected the installment form of payment until the
last installment is distributed.</DIV>


<DIV style="margin-top: 6pt">
<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="left">6.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Measurement Funds</B>. The Administrator shall designate Measurement Funds for the valuation of
each Participant&#146;s Deferral Account as if such Deferral Account held actual assets. The
Measurement Funds may include but shall not be limited to the following types of funds as
determined by the Company:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<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="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>mutual funds, including without limitation, equity funds, money market funds,
fixed income funds and balanced funds;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any insurance company&#146;s general account;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any special account established and maintained by any insurance company; or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a hypothetical Measurement Fund providing a rate of return that is either fixed
or variable by reference to the prime rate, the rate on United States Treasury
obligations with specified maturities or other reasonable standard as determined in the
discretion of the Administrator.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="margin-left: 4%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt">The Administrator shall have the sole discretion to determine the number of Measurement
Funds to be designated hereunder and the nature of the funds and may change or eliminate the
Measurement Funds designated hereunder from time to time.</DIV>


<DIV align="left" style="margin-left: 4%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt">A Participant shall direct the allocation of his or her Deferral Account among the
Measurement Funds designated by the Company as though such Deferral Account held actual
assets. Any such directions of investment shall be subject to such rules as the
Administrator may prescribe, including, but not limited to, rules concerning the manner of
providing investment directions and the frequency of changing such investment directions.
In the event a Participant does not direct the investment of any portion of his or her
Deferral Account, such undirected portion shall be deemed to be invested in the hypothetical
Measurement Fund described in clause (d)&nbsp;above or in whichever other Measurement Fund may be
designated from time to time as a default election by the Administrator.</DIV>


<DIV style="margin-top: 6pt">
<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="left">6.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Forfeiture</B>. If the Participant commits an act or acts of fraud, embezzlement or theft
against the Company or any Affiliated Company, and if full restitution has not been provided
to the Company outside this Plan, then the amount that the Company reasonably determines will
be required to provide restitution shall be forfeited and immediately deducted from the
Deferral Account of such Participant at the time of such determination.</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->20<!-- /Folio -->
</DIV>

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

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


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE 7<BR>
BENEFIT DISTRIBUTIONS</B>
</DIV>


<DIV style="margin-top: 6pt">
<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="left">7.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Normal Form of Benefits</B>. Except as otherwise provided hereunder, the Participant shall
receive a single sum payment no earlier than the Benefit Payment Commencement Date and during
such period of time following such Benefit Payment Commencement Date as may be prescribed
under the terms of this Plan.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">7.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Amount of Benefits</B>. Except for distributions on account of an Unforeseeable Emergency or as
ordered by a QDRO, or as otherwise provided hereunder, the amount of Benefit Payment as a lump
sum distribution shall be the balance of the Deferral Account as of the Valuation Date next
preceding the date that the Benefit Payment Event occurs, increased by any Deferral Amounts
subsequent to such Valuation Date and not included in the balance of the Deferral Account on
the date of distribution, but not adjusted for any investment earnings or losses since such
Valuation Date. If the Benefit Payment is made in installments as elected by the Participant
pursuant to Section&nbsp;4.6, the amount of each such installment shall be equal to a fraction of
the balance of the Deferral Account as of the Valuation Date next preceding the date that the
installment payment occurs, such fraction being equal to the integer one (1)&nbsp;divided by the
number of installments remaining to be paid. In addition, investment earnings, gains and
losses determined pursuant to Article&nbsp;6 shall continue to be credited to or debited from the
Participant&#146;s Deferral Account until the last installment is distributed.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">7.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Benefit Payment Events</B>. Benefit Payment Events which entitle a Participant (or Beneficiary)
to receive a distribution of his or her benefits shall be any of the following:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<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="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Separation from Service by the Participant;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Death of the Participant;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Determination by the Administrator that the Participant suffers from a
Disability; or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Determination by the Administrator, upon application by the Participant, that
the Participant has suffered an Unforeseeable Emergency.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<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="left">7.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Time of Payment</B>. Upon the occurrence of a Benefit Payment Event specified in Section&nbsp;7.3,
the Benefit Payment shall be made (or commence if paid in installments) during the 90-day
period commencing on the Benefit Payment Commencement Date, which shall be the date that the
Benefit Payment Event occurs, and ending on the 90<SUP style="font-size: 85%; vertical-align: text-top">th</SUP> day thereafter. If the
Benefit Payments are to be made in installments following a Separation from Service pursuant
to an election described in Section&nbsp;4.6, the second Benefit Payment shall be made during the
period commencing on the first anniversary of the Participant&#146;s Separation from Service and
ending on the 90<SUP style="font-size: 85%; vertical-align: text-top">th</SUP> day thereafter; and the third Benefit Payment (if three annual
installments are elected) shall be made during the period commencing on the second anniversary
of the Participant&#146;s Separation from Service and ending on the 90<SUP style="font-size: 85%; vertical-align: text-top">th</SUP> day thereafter.</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->21<!-- /Folio -->
</DIV>

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

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


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="left" style="margin-left: 3%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt">The Administrator shall determine, in its sole discretion, the actual date of payment within
each such 90-day period. The date of payment shall be subject to delay to a date later than
such 90-day period, or acceleration to a date prior to the earliest date for such Benefit
Payment, only as otherwise provided in this Article&nbsp;7 and in Article&nbsp;13.</DIV>


<DIV style="margin-top: 6pt">
<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="left">7.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Unforeseeable Emergency</B>. A Participant may request a withdrawal due to an Unforeseeable
Emergency. The request must be in writing and must be submitted to the Administrator along
with evidence that the circumstances constitute an Unforeseeable Emergency. The Administrator
has the discretion to require whatever evidence it deems necessary to determine whether a
distribution is warranted. Whether a Participant has incurred an Unforeseeable Emergency will
be determined by the Administrator on the basis of the relevant facts and circumstances in its
sole discretion, but, in no event, will an Unforeseeable Emergency be deemed to exist if the
hardship can be relieved (a)&nbsp;through reimbursement or compensation by insurance or otherwise,
(b)&nbsp;by liquidation of the Participant&#146;s assets to the extent such liquidation would not itself
cause severe financial hardship, or (c)&nbsp;by cessation of deferrals under the Plan. A
distribution due to an Unforeseeable Emergency must be limited to the amount reasonably
necessary to satisfy the emergency need and may include any amounts necessary to pay any
federal, state or local income tax penalties reasonably anticipated to result from the
distribution. The distribution will be made in the form of a single lump cash payment. A
Participant&#146;s Deferral Agreement for the remainder of the Plan Year will be cancelled upon
such a withdrawal due to Unforeseeable Emergency. If the payment of the Participant&#146;s
Deferral Account is being delayed in accordance with Section&nbsp;7.6 at the time he experiences an
Unforeseeable Emergency, the right to receive a distribution on account of an Unforeseeable
Emergency shall not be available to such Participant until the expiration of the six month
period of delay required by Section&nbsp;7.6.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<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="left">7.6</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Required Delay in Payment to Key Employees</B>. Except as otherwise provided in this Section
7.6, a distribution made because of Separation from Service to a Participant who is a Key
Employee as of the date of his Separation from Service shall not occur before the date which
is six months after the Separation from Service.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For this purpose a Participant who is a Key Employee on an Identification Date shall be
treated as Key Employee for the twelve month period beginning on the January 1 immediately
following such Identification Date. The Administrator may designate another date for
commencement of this twelve month period, provided that such date must follow the
Identification Date and occur no later than the first day of the fourth month thereafter,
provided that such designation is made in accordance with Regulations under Section&nbsp;409A
and is the same for all nonqualified deferred compensation plans of the Company or any
Affiliated Company.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Plan Sponsor may elect to apply an alternative method to identify Participants who will
be treated as Key Employees for purposes of the six month delay in distributions if the
method satisfies each of the following requirements: the alternative method is reasonably
designed to include all Key Employees, is an objectively determinable standard provided no
direct or indirect election to any Participant regarding its application, and results in
either all Key Employees or no more than 200 Key Employees being identified in the class as
of any date. Use of an alternative method
</TD>
</TR>
</TABLE>
</DIV>
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</DIV>

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

<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


</TABLE>
</DIV>

<DIV align="left" style="margin-left: 4%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt">that satisfies these requirements will not be treated as a change in the time and form of
payment for purposes of section 1.409A-2(b) of the Regulations.</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The six month delay does not apply to payments pursuant to a Domestic Relations Order described in
Section&nbsp;7.8 or to payments that occur after the death of the Participant.
</DIV>


<DIV style="margin-top: 6pt">
<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="left">7.7</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Permissible Delays in Payment</B>. Distributions may be delayed beyond the date payment would
otherwise occur in accordance with the provisions of this Article&nbsp;7 in any of the following
circumstances as long as the Employer treats all payments to similarly situated Participants
on a reasonably consistent basis.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<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="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Administrator may delay payment if it reasonably anticipates that its
deduction with respect to such payment would be limited or eliminated by the
application of section 162(m) of the Code. Payment must be made during the
Participant&#146;s first taxable year in which the Administrator reasonably anticipates, or
should reasonably anticipate, that if the payment is made during such year the
deduction of such payment will not be barred by the application of section 162(m) of
the Code or during the period beginning with the Participant&#146;s Separation from Service
and ending on the later of the last day of the Company&#146;s taxable year in which the
Participant separates from service or the 15<SUP style="font-size: 85%; vertical-align: text-top">th</SUP> day of the third month
following the Participant&#146;s Separation from Service.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Administrator may also delay payment if it reasonably anticipates that the
making of the payment will violate federal securities laws or other applicable laws
provided payment is made at the earliest date on which the Administrator reasonably
anticipates that the making of the payment will not cause such violation.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Administrator may delay payment during the periods specified in Article&nbsp;12
for review and appeal of claims or during any other period while there is a bona fide
dispute as to the amount or timing of such payment in accordance with section
1.409A-3(g) of the Regulations.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Company reserves the right to amend the Plan to provide for a delay in
payment upon such other events and conditions as the Secretary of the Treasury may
prescribe in generally applicable guidance published in the Internal Revenue Bulletin.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<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="left">7.8</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Permitted Acceleration of Payment</B>. The Administrator may permit acceleration of the time or
schedule of any payment or amount scheduled to be paid pursuant to a payment under the Plan
provided such acceleration would be permitted by the provisions of section 1.409A-3(j)(4) of
the Regulations. The Administrator shall not allow any Participant discretion with respect to
whether a payment will be accelerated and shall not permit any election, direct or indirect,
by a Participant as to whether the Administrator&#146;s discretion under this Section. 7.8 will be
exercised. Acceleration of payments shall be allowed at such times and in such amounts as
specified in a Domestic Relations Order which is determined by the Administrator to be valid
and which does not require the Plan to pay benefits in excess of the balance of the
Participant&#146;s Deferral Account. The</TD>
</TR>

</TABLE>
</DIV>
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</DIV>

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


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="left" style="margin-left: 4%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt">Administrator may require that reasonable expenses incurred and paid by the Company in
evaluating the Domestic Relations Order and complying with its terms shall be deducted from
the Deferral Account of the Participant. Acceleration of benefit payments shall also occur
under any of the circumstances when the Plan is terminated pursuant to Section&nbsp;13.2.</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->24<!-- /Folio -->
</DIV>

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




<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE 8<BR>
BENEFICIARIES</B>
</DIV>


<DIV style="margin-top: 6pt">
<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="left">8.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Automatic Beneficiary</B>. Unless a Participant has designated a Beneficiary in accordance with
the provisions of Section&nbsp;8.2, the Beneficiary shall be deemed to be the person or persons in
the first of the following classes in which there are any survivors of such Participant:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<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="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>spouse at the time of Participant&#146;s death;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>issue, per stirpes; or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Participant&#146;s estate.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<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="left">8.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Designated Beneficiary or Beneficiaries</B>. A Participant may designate the Beneficiary or
Beneficiaries to receive any Benefit Payment due hereunder following the Participant&#146;s death,
using a form provided by the Administrator. In the event a Participant dies at a time when a
designation is on file which does not dispose of the total benefit payable under this Plan,
then the portion of such benefit payable on behalf of said Participant, the disposition of
which was not determined by the deceased&#146;s designation, shall be paid to a Beneficiary
determined under Section&nbsp;8.1. Any ambiguity in a Beneficiary designation shall be resolved by
the Administrator.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<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="left">8.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Death</B>. If the Participant dies before any Benefit Payment is made, the balance credited to a
Participant&#146;s Deferral Account shall be paid to his Beneficiary in a single lump sum payment
within the 90-day period following the date of the Participant&#146;s death. If the Participant
dies after Benefit Payments have commenced in installments, the remaining amount in the
Participant&#146;s Deferral Account shall be paid to the Beneficiary in a single lump sum payment
within the 90-day period following the date of the Participant&#146;s death.</TD>
</TR>

</TABLE>
</DIV>
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</DIV>

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


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE 9<BR>
RIGHTS OF PARTICIPANTS AND BENEFICIARIES</B>
</DIV>


<DIV style="margin-top: 6pt">
<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="left">9.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Creditor Status of Participant and Beneficiary</B>. The Plan constitutes the unfunded, unsecured
promise of the Company to make Benefit Payments to each Participant and Beneficiary in the
future and shall be a liability solely against the general assets of the Company. The Company
shall not be required to segregate, set aside or escrow any amounts for the benefit of any
Participant or Beneficiary. Each Participant and Beneficiary shall have the status of a
general unsecured creditor of the Company and may look only to the Company and its general
assets for Benefit Payments under the Plan.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">9.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Rights with Respect to a Trust</B>. Any trust and any assets held thereby to assist the Company
in meeting its obligations under the Plan shall in no way be deemed to controvert the
provisions of Section&nbsp;9.1.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">9.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Investments</B>. In its sole discretion, the Company may acquire mutual fund shares, insurance
policies, annuities or other financial vehicles for the purpose of providing future assets of
the Company to meet its anticipated liabilities under the Plan. Such mutual fund shares,
policies, annuities or other investments shall at all times be and remain unrestricted general
property and assets of the Company or property of a trust. Participants and Beneficiaries
shall have no rights, other than as general creditors, with respect
to such mutual fund shares, policies, annuities or other acquired assets.</TD>
</TR>

</TABLE>
</DIV>
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</DIV>

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


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</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE 10<BR>
TRUST</B>
</DIV>


<DIV style="margin-top: 6pt">
<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="left">10.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Possible Establishment of Trust</B>. The Company may but is not required to establish a trust to
hold amounts which the Company may contribute from time to time to correspond to some or all
amounts credited to the Deferred Accounts of Participants. If the Company elects to establish
such a trust, the provisions of the remainder of this Article&nbsp;10 shall become operative.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">10.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Grantor Trust</B>. Any trust established by the Company shall be between the Company and a
trustee pursuant to a separate written agreement under which assets are held, administered and
managed, subject to the claims of the Company&#146;s creditors in the event of the insolvency. The
trust is intended to be treated as a grantor trust under the Code, and the establishment of
the trust shall not cause the Participant to realize current income on amounts contributed
thereto. The Company must notify the trustee in the event of a bankruptcy or insolvency.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">10.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Obligations of the Company</B>. Notwithstanding the fact that a trust may be established
hereunder, the Company shall remain liable for paying the benefits under the Plan. However,
any payment of benefits to a Participant or a Beneficiary made by such a trust shall satisfy
the Company&#146;s obligation to make such payment to such person.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">10.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Trust Terms</B>. A trust established under Section&nbsp;10.1 may be irrevocable by the Company or may
become irrevocable in accordance with its terms in the event of a Change in Control. Such a
trust may contain such other terms and conditions as the Company may determine to be necessary
or desirable. The Company may terminate or amend a trust established under Section&nbsp;10.1 at
any time, and in any manner it deems necessary or desirable, subject to the preceding sentence
and the terms of any agreement under which any such trust is established or maintained.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">10.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Investment of Trust Funds</B>. Any amounts contributed to the trust by the Company shall be
invested by the trustee in accordance with the provisions of the trust and the instructions of
the Administrator. Trust investments need not reflect the hypothetical investments selected
by Participants from the Measurement Funds under Section&nbsp;6.4 for the purpose of adjusting
Deferred Accounts, and the actual earnings or investment results of the trust will not affect
the hypothetical investment adjustments to Deferred Accounts under the Plan.</TD>
</TR>


</TABLE>
</DIV>
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</DIV>

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


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE 11<BR>
ADMINISTRATION</B>
</DIV>


<DIV style="margin-top: 6pt">
<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="left">11.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Appointment of Administrator</B>. The Administrator shall be the committee described in Section
2.1, unless the Board appoints another person(s), corporation or partnership (including the
Company itself) as Administrator in its sole discretion. The Administrator may be removed or
resign upon thirty (30)&nbsp;days written notice or such lesser period of notice as is mutually
agreeable.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">11.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Powers and Duties of the Administrator</B>. Except as expressly otherwise set forth herein, the
Administrator shall have the authority and responsibility granted or imposed on an
&#147;administrator&#148; by ERISA. The Administrator shall determine any and all questions of fact,
resolve all questions of interpretation of the Plan which may arise under any of the
provisions of the Plan as to which no other provision for determination is made hereunder, and
exercise all other powers and discretions necessary to be exercised under the terms of the
Plan which it is herein given or for which no contrary provision is made. The Administrator
shall have full power and discretion to interpret the Plan and related documents, to resolve
ambiguities, inconsistencies and omissions, to determine any question of fact, and to
determine the rights and benefits, if any, of any Participant, or other applicant, in
accordance with the provisions of the Plan. Subject to the provisions of the claims procedure
specified in Article&nbsp;12, the Administrator&#146;s decision with respect to any matter shall be
final and binding on all parties concerned, and neither the Administrator nor any of its
directors, officers, employees or delegates nor, where applicable, the directors, officers or
employees of any delegate, shall be liable in that regard except for gross abuse of the
discretion given it and them under the terms of the Plan. All determinations of the
Administrator shall be made in a uniform, consistent and nondiscriminatory manner with respect
to all Participants and Beneficiaries in similar circumstances. The Administrator, from time
to time, may designate one or more persons or agents to carry out any or all of its duties
hereunder.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">11.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Engagement of Advisors</B>. The Administrator may employ actuaries, attorneys, accountants,
brokers, employee benefit consultants, and other specialists to render advice concerning any
responsibility the Administrator, Appeals Committee or Compensation Committee has under the
Plan. Such persons may also be advisors to the Company.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">11.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Payment of Costs and Expenses</B>. The costs and expenses incurred in the administration of the
Plan shall be paid in either of the following manners as determined by the Company in its sole
discretion:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<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="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The expenses may be paid directly by the Company; or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The expenses may be paid out of the trust, if any, established under Article
10.1 (subject to any restriction contained in such trust or required by law).</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="margin-left: 4%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt">Such costs and expenses include those incident to the performance of the responsibilities of
the Administrator, Appeals Committee or Compensation Committee, including but not limited
to, claims, administration fees and costs, fees of accountants, legal counsel and other
specialists, bonding expenses, and other costs of administering the Plan.</DIV>



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</DIV>

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




<DIV align="left" style="margin-left: 4%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt">Notwithstanding the foregoing, in no event will any person serving in the capacity of
Administrator, Appeals Committee member or Compensation Committee member who is a full-time
employee of the Company be entitled to any compensation for such services.</DIV>


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</DIV>

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




<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE 12<BR>
CLAIMS PROCEDURE</B>
</DIV>


<DIV style="margin-top: 6pt">
<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="left">12.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Claim for Benefits</B>. Any claim for benefits under the Plan shall be made in writing to the
Administrator in such a manner as the Administrator shall reasonably prescribe. The
Administrator shall process each such claim and determine entitlement to benefits within
thirty (30)&nbsp;days following the receipt of a completed application for benefits unless special
circumstances require an extension of time for processing the claim. If such an extension of
time for processing is required, written notice of the extension shall be furnished to the
claimant prior to the termination of the initial thirty- (30)&nbsp;day period. In no event shall
such extension exceed a period of thirty (30)&nbsp;days from the end of such initial period. The
extension notice shall indicate the special circumstances requiring an extension of time and
the date as of which the Administrator expects to render the final decision.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<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="left">12.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Denial of a Claim</B>. If such a claim is wholly or partially denied by the Administrator, the
Administrator shall notify the claimant of the denial of the claim in writing, delivered in
person or mailed by first class mail to the claimant&#146;s last known address. Such notice of
denial shall contain:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<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="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the specific reason or reasons for denial of the claim;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a reference to the relevant Plan provisions upon which the denial is based;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a description of any additional material or information necessary for the
claimant to perfect the claim, together with an explanation of why such material or
information is necessary; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>an explanation of the Plan&#146;s claim review procedure.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="margin-left: 4%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt">If no such notice is provided, and if the claim has not been granted within the time
specified above for approval of the claim, the claim shall be deemed denied and subject to
review as described below. The interpretations, determinations and decisions of the
Administrator shall be final and binding upon all persons with respect to any right, benefit
and privilege hereunder, subject to the review procedures set forth in this Article&nbsp;12.</DIV>


<DIV style="margin-top: 6pt">
<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="left">12.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Request for Review of a Denial of a Claim for Benefits</B>. Any claimant or authorized
representative of the claimant whose claim for benefits under the Plan has been denied or
deemed denied, in whole or in part, by the Administrator may upon written notice delivered to
the Appeals Committee request a review by the Appeals Committee of such denial of
Participant&#146;s claim for benefits. Such claimant shall have sixty (60)&nbsp;days from the date the
claim is deemed denied, or sixty (60)&nbsp;days from receipt of the notice denying the claim, as
the case may be, in which to request such a review. The claimant&#146;s notice must specify the
relief requested and the reason such claimant believes the denial should be reversed.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">12.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Appeals Procedure</B>. The Appeals Committee is hereby authorized to review the facts and
relevant documents, including the Plan document, to interpret the Plan and other</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->30<!-- /Folio -->
</DIV>

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


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="left" style="margin-left: 4%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt">relevant documents and to render a decision on the appeal of the claimant. Such review may
be made by written briefs submitted by the claimant and the Administrator or at a hearing,
or by both, as shall be deemed necessary by the Appeals Committee. Upon receipt of a
request for review, the Appeals Committee shall schedule a hearing to be held (subject to
reasonable scheduling conflicts) not less than thirty (30)&nbsp;nor more than forty-five (45)
days from the receipt of such request. The date and time of such hearing shall be
designated by the Appeals Committee upon not less than fifteen (15)&nbsp;days notice to the
claimant and the Administrator unless both accept shorter notice. The notice shall specify
that such claimant must indicate, in writing, at least five (5)&nbsp;days in advance of the time
established for such hearing, claimant&#146;s intention to appear at the appointed time and
place, or the hearing will automatically be canceled. The reply shall specify any other
persons who will accompany claimant to the hearing, or such other persons will not be
admitted to the hearing. The Appeals Committee shall make every effort to schedule the
hearing on a day and at a time which is convenient to both the claimant and the
Administrator. The hearing will be scheduled at the Company&#146;s headquarters unless the
Appeals Committee determines that another location would be more appropriate. The Company
shall provide the claimant, upon request and free of charge, reasonable access to and copies
of all documents, records and other information relevant (as defined in applicable ERISA
regulations) to the claimant&#146;s claim for benefits and claimant may submit issues and
comments in writing prior to or during the hearing.</DIV>


<DIV style="margin-top: 6pt">
<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="left">12.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Decision upon Review of Denial of Claim for Benefits</B>. After the review has been completed,
the Appeals Committee shall render a decision, in writing, a copy of which shall be sent to
both the claimant and the Administrator. In making its decision, the Appeals Committee shall
have full power, authority, and discretion to determine any and all questions of fact, resolve
all questions of interpretation of this instrument or related documents which may arise under
any of the provisions of the Plan or such documents as to which no other provision for
determination is made hereunder, and exercise all other powers and discretions necessary to be
exercised under the terms of the Plan which it is herein given or for which no contrary
provision is made and to determine the right to benefits of, and the amount of benefits, if
any, payable to, any person in accordance with the provisions of the Plan. The Appeals
Committee shall render a decision on the claim review promptly, but not more than forty-five
(45)&nbsp;days after the receipt of the claimant&#146;s request for review, unless a hearing is held, in
which case the forty-five- (45)&nbsp;day period shall be extended to thirty (30)&nbsp;days after the
date of the hearing. Such decision shall include specific reasons for the decision, written
in a manner calculated to be understood by the claimant, shall contain specific references to
the pertinent provisions of the Plan and related documents upon which the decision is based,
and shall state that the claimant is entitled to receive, upon request and free of charge,
reasonable access to and copies of all documents, records and other information relevant (as
defined in applicable ERISA regulations) to the claimant&#146;s claim for benefits. The decision
on review shall be furnished to the claimant within the appropriate time described above. If
the decision on review is not furnished within such time, the claim shall be deemed denied on
review at the end of such period. There shall be no further appeal from a decision rendered
by the Appeals Committee. The decision of the Appeals Committee shall be final and binding in
all respects on the Administrator, the Company and the claimant. Except as otherwise provided
by law, the review procedures of this Article&nbsp;11 shall be the claimant&#146;s sole and
</TD>
</TR>
</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->31<!-- /Folio -->
</DIV>

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

<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


</TABLE>
</DIV>

<DIV align="left" style="margin-left: 4%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt">exclusive remedy and shall be in lieu of all actions at law, in equity, pursuant to
arbitration or otherwise.</DIV>


<DIV style="margin-top: 6pt">
<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="left">12.6</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Establishment of Appeals Committee</B>. The Appeals Committee shall be the Compensation
Committee, unless the Board appoints another person(s) as such committee in its sole
discretion. The members of the Appeals Committee shall remain in office at the will of the
Board, and the Board, from time to time, may remove any of said members of the Appeals
Committee with or without cause. A member of the Appeals Committee may resign upon written
notice to the remaining member or members of the Appeals Committee and to the Board,
respectively. The fact that a person is a Participant shall not disqualify them from acting
as a member of the Appeals Committee, nor shall any member of the Appeals Committee be
disqualified from acting on any question because of Participant&#146;s interest therein, except
that no member of the Appeals Committee may act on any claim which such member has brought as
a Participant or Beneficiary under the Plan. All communications to the Appeals Committee
shall be addressed to its Secretary at the address of the Company.</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->32<!-- /Folio -->
</DIV>

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


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE 13<BR>
AMENDMENT AND TERMINATION</B>
</DIV>


<DIV style="margin-top: 6pt">
<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="left">13.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Power to Amend</B>. Except as otherwise provided in this Section&nbsp;13.1 following a Change in
Control, the Plan may be amended by the Company at any time, but no such amendment or
modification shall deprive any current or former Participant or Beneficiary of all or any
portion of his Deferred Account which had accrued prior to the Amendment. Such amendment
shall be in writing and authorized by the Board. The Plan may not be amended during the
two-year period following a Change in Control except to terminate the Plan pursuant to Section
13.2(c) and to amend the Plan in a consistent manner to facilitate distributions under such
Section&nbsp;13.2(c). Notwithstanding the foregoing, the Company may amend this Plan in any manner
that it deems necessary to comply with Section&nbsp;409A or Department of the Treasury guidance
published with respect thereto.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">13.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Power to Terminate</B>. The Plan may be terminated by the Company under one of the following
conditions:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<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="5%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Company may terminate the Plan at its sole discretion, provided that:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<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="8%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>All arrangements sponsored by the Company that would be
aggregated with this Plan under section 1.409A-1(c)(2) of the Regulations are
terminated with respect to all participants;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>No payments will be made, other than those otherwise payable
under the terms of the Plan absent a Plan termination, within twelve (12)
months of the termination of the Plan; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>All payments will be made within twenty-four (24)&nbsp;months of
such termination;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(iv)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Company does not adopt a new arrangement that would be
aggregated with any terminated arrangement under Section&nbsp;409A and the
Regulations thereunder at any time within the three year period following the
date of termination of the Plan, and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(v)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The termination does not occur proximate to a downturn in the
financial health of the Company.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<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="5%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Company, at its discretion, may terminate the Plan within twelve (12)
months of a corporate dissolution taxed under section 331 of the Code, or with the
approval of a bankruptcy court pursuant to 11 U.S.C. &#167;503(b)(1)(A), provided that
amounts deferred under the Plan are included in the gross income of Participants in the
latest of the following years (or, if earlier, the taxable year in which the amount is
actually or constructively received):</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<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="8%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The calendar year in which the Plan termination occurs;</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->33<!-- /Folio -->
</DIV>

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


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<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="8%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The calendar year in which the amount is no longer subject to a
substantial risk of forfeiture; or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The first calendar year in which the payment is
administratively practicable;</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<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="5%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Company, at its discretion, may terminate the Plan pursuant to irrevocable
action taken by the Company within the thirty (30)&nbsp;days preceding or the twelve (12)
months following a Change in Control, provided:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<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="8%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>All agreements, methods, programs and other arrangements
sponsored by the Company (or its successor) immediately after the Change in
Control which are treated as a single plan under section 1.409A-1(c)(2) of the
Regulation are also terminated;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>All payments to Participants are made within twelve (12)&nbsp;months
of the date of Plan termination; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>All participants under the other terminated similar
arrangements described in clause (i)&nbsp;are required to receive all amounts of
deferred compensation within twelve (12)&nbsp;months of the action taken by the
Company (or its successor) to terminate such arrangements.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<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="5%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Company may amend the Plan to provide that termination of the Plan will
occur under such conditions and events as may be prescribed by the Secretary of the
Treasury in generally applicable guidance published in the Internal Revenue Bulletin.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="margin-left: 4%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt">A Plan termination shall not reduce the amounts credited to the Deferral Account of any
Participant or the vesting of any Participant, determined as of the date of such
termination. Such termination shall be in writing and authorized by the Board.</DIV>


<DIV style="margin-top: 6pt">
<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="left">13.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>No Liability for Plan Amendment or Termination</B>. Neither the Company, nor any officer, nor
any Board member thereof shall have any liability as a result of the amendment or termination
of the Plan. Without limiting the generality of the foregoing, the Company shall have no
liability for terminating the Plan notwithstanding the fact that a Participant may have
expected to have future allocations made on Participant&#146;s behalf hereunder had the Plan
remained in effect.</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->34<!-- /Folio -->
</DIV>

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


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE 14<BR>
MISCELLANEOUS</B>
</DIV>


<DIV style="margin-top: 6pt">
<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="left">14.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Non-Alienation</B>. Except for payments to an Alternate Payee pursuant to a Domestic Relations
Order, no benefits or amounts credited to any Deferral Account under the Plan shall be subject
in any manner to be anticipated, alienated, sold, transferred, assigned, pledged, encumbered,
attached, garnished or charged in any manner (either at law or in equity), and any attempt to
so anticipate, alienate, sell, transfer, assign, pledge, encumber, attach, garnish or charge
the same shall be void; nor shall any such benefits or amounts in any manner be liable for or
subject to the debts, contracts, liabilities, engagements or torts of the person entitled to
such benefits or amounts as are herein provided to Participant. Notwithstanding the
preceding, the benefit payable from a Participant&#146;s Deferral Account may be reduced, at the
discretion of the Administrator, to reduce or satisfy any debt or liability to the Company.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">14.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Tax Withholding</B>. The Company may withhold from a Participant&#146;s compensation or any Benefit
Payment made by it under the Plan such amount or amounts as may be required for purposes of
complying with the tax withholding or other provisions of the Code or the Social Security Act
or any state or local income or employment tax act or for purposes of paying any estate,
inheritance or other tax attributable to any amounts payable hereunder.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">14.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Incapacity</B>. If the Administrator determines that any Participant or other person entitled to
payments under the Plan is incompetent by reason of physical or mental disability and is
consequently unable to give a valid receipt for payments made hereunder, or is a minor, the
Administrator may order the payments becoming due to such person to be made to another person
for the Participant&#146;s benefit, without responsibility on the part of the Administrator to
follow the application of amounts so paid. Payments made pursuant to this Section&nbsp;14.3 shall
completely discharge the Administrator, the Company and the Appeals Committee with respect to
such payments.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">14.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Administrative Forms</B>. All applications, elections and designations in connection with the
Plan made by a Participant or other person shall become effective only when duly executed on
forms as provided by the Administrator and filed with the Administrator.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">14.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Independence of Plan</B>. Except as otherwise expressly provided herein, the Plan shall be
independent of, and in addition to, any other benefit agreement or plan of the Company or any
rights that may exist from time to time thereunder.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">14.6</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>No Employment Rights Created</B>. The Plan shall not be deemed to constitute a contract
conferring upon any Participant the right to remain employed by the Company for any period of
time.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">14.7</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Responsibility for Legal Effect</B>. Neither the Company, the Administrator, the Compensation
Committee, Appeals Committee, nor any officer, member, delegate or agent of any of them, makes
any representations or warranties, express or implied, or</TD>
</TR>


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</TABLE>
</DIV>

<DIV align="left" style="margin-left: 4%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt">assumes any responsibility concerning the legal, tax, or other implications or effects of
the Plan. Without limiting the generality of the foregoing, the Company shall not have any
liability for the tax liability which a Participant may incur resulting from participation
in the Plan or the payment of benefits hereunder.</DIV>


<DIV style="margin-top: 6pt">
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<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">14.8</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Company&#146;s Liability</B>. The Company&#146;s liability for the payment of benefits under the Plan
shall be defined only by the Plan and by the Deferral Agreements entered into between a
Participant and the Company. The Company shall have no obligation or liability to a
Participant under the Plan except as provided by the Plan and any Deferral Agreement with such
Participant.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">14.9</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Limitation of Duties</B>. The Company, the Compensation Committee, the Administrator, the
Appeals Committee, and their respective officers, members, employees and agents shall have no
duty or responsibility under the Plan other than the duties and responsibilities expressly
assigned to them herein or delegated to them pursuant hereto. None of them shall have any
duty or responsibility with respect to the duties or responsibilities assigned or delegated to
another of them.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">14.10</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Limitation of Company&#146;s Liability</B>. Any right or authority exercisable by the Company,
pursuant to any provision of the Plan, shall be exercised in the Company&#146;s capacity as sponsor
of the Plan, or on behalf of the Company in such capacity, and not in a fiduciary capacity,
and may be exercised without the approval or consent of any person in a fiduciary capacity.
Neither the Company, nor any of its respective officers, members, employees, agents and
delegates, shall have any liability to any party for its exercise of any such right or
authority.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">14.11</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Successors</B>. The terms and conditions of the Plan shall inure to the benefit of and bind the
Company and their successors, the Participants, their Beneficiaries and the personal
representatives of the Participants and their Beneficiaries.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">14.12</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Controlling Law</B>. The Plan shall be construed in accordance with the laws of the State of
Tennessee to the extent not preempted by laws of the United States.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">14.13</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Notice</B>. Any notice or filing required or permitted to be given to the Administrator under
the Plan shall be sufficient if in writing and hand-delivered, or sent by registered or
certified mail, to the address below:</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-left: 9%; margin-top: 6pt">J. Alexander&#146;s Corporation<BR>
3401 West End Avenue, Suite&nbsp;260<BR>
Nashville, Tennessee 37203<BR>
Attn: Administrator, J. Alexander&#146;s Corporation Deferred Compensation Plan
</DIV>


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<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">14.14</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Headings and Titles</B>. The Article headings and titles of Articles used in the Plan are for
convenience of reference only and shall not be considered in construing the Plan.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">14.15</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>General Rules of Construction</B>. The masculine gender shall include the feminine and neuter,
and vice versa, as the context shall require. The singular number shall include the plural,
and vice versa, as the context shall require. The present tense of a verb shall include the
past and future tenses, and vice versa, as the context may require.</TD>
</TR>

</TABLE>
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</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
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<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">14.16</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Severability</B>. In the event that any provision or term of the Plan, or any agreement or
instrument required by the Administrator, is determined by a judicial, quasi judicial or
administrative body to be void or not enforceable for any reason, all other provisions or
terms of the Plan or such agreement or instrument shall remain in full force and effect and
shall be enforceable as if such void or nonenforceable provision or term had never been a part
of the Plan, or such agreement or instrument except as to the extent the Administrator
determines such result would have been contrary to the intent of the Company in establishing
and maintaining the Plan.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">14.17</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Indemnification</B>. The Company shall indemnify, defend, and hold harmless any employee,
officer or Board member of the Company for all acts taken or omitted in carrying out the
responsibilities of the Company, Compensation Committee, Administrator or Appeals Committee
under the terms of the Plan. This indemnification for all such acts taken or omitted is
intentionally broad, but shall not provide indemnification for embezzlement or diversion of
Plan funds for the benefit of any such individual. The Company shall indemnify any such
individual for expenses of defending an action by a Participant, Beneficiary, service
provider, government entity or other person, including reasonable legal fees and other costs
of such defense. The Company shall also reimburse any such individual for any monetary
recovery in a successful action against such individual in any federal or state court or
arbitration. In addition, if a claim is settled out of court with the written concurrence of
the Company, the Company shall indemnify any such individual for any monetary liability under
any such settlement, and the expenses thereof, but no indemnification shall be provided if the
claim is settled without the written consent of the Company. Such indemnification will not be
provided to any person who is not a present or former employee, officer or Board member of the
Company nor shall it be provided for any claim by the Company against any such individual.
Indemnification under this Section&nbsp;14.17 shall not be applicable to any person if the cost,
loss, liability, or expense is due to the person&#146;s gross negligence, fraud or willful
misconduct or if the person refuses to assist in the defense of the claim against him.</TD>
</TR>

</TABLE>
</DIV>



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