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	<TITLE>SECURITIES AND EXCHANGE COMMISSION</TITLE>
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	<META NAME="AUTHOR" CONTENT="Deedra Heldt">
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<P STYLE="margin-bottom: 0cm">29
</P>
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				<H1>SECURITIES AND EXCHANGE COMMISSION</H1>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm"><B>Washington, D.C.
				20549</B></P>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
		</TR>
		<TR>
			<TD COLSPAN=6 WIDTH=624 HEIGHT=79 VALIGN=TOP>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm">FORM S-8</P>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm">REGISTRATION STATEMENT</P>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm">Under</P>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm">THE SECURITIES ACT OF
				1933</P>
			</TD>
		</TR>
		<TR>
			<TD COLSPAN=6 WIDTH=624 VALIGN=TOP>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm">REGAL-BELOIT
				CORPORATION</P>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm">(Exact name of
				registrant as specified in its charter)</P>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
		</TR>
		<TR VALIGN=TOP>
			<TD COLSPAN=3 WIDTH=241>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm">Wisconsin</P>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm"><FONT SIZE=2>(State or
				other jurisdiction of incorporation or organization)</FONT></P>
			</TD>
			<TD WIDTH=114>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
			<TD COLSPAN=2 WIDTH=241>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm">39-0875718</P>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm"><FONT SIZE=2>(I.R.S.
				Employer Identification No.)</FONT></P>
			</TD>
		</TR>
		<TR VALIGN=TOP>
			<TD WIDTH=114>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
			<TD COLSPAN=2 WIDTH=114>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
			<TD WIDTH=114>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
			<TD WIDTH=114>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
			<TD WIDTH=114>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
		</TR>
		<TR VALIGN=TOP>
			<TD COLSPAN=3 WIDTH=241>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm">200 State Street</P>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm">Beloit, Wisconsin</P>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm"><FONT SIZE=2>(Address
				of principal executive offices)</FONT></P>
			</TD>
			<TD WIDTH=114>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
			<TD COLSPAN=2 WIDTH=241>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm">53511</P>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm"><FONT SIZE=2>(Zip
				Code)</FONT></P>
			</TD>
		</TR>
		<TR VALIGN=TOP>
			<TD WIDTH=114>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
			<TD COLSPAN=2 WIDTH=114>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
			<TD WIDTH=114>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
			<TD WIDTH=114>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
			<TD WIDTH=114>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
		</TR>
		<TR>
			<TD COLSPAN=6 WIDTH=624 VALIGN=TOP>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm">REGAL-BELOIT
				CORPORATION Retirement Plans</P>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm">Specifically
				incorporating: LEESON Electric 401(k) Plan</P>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm"><FONT SIZE=2>(Full
				title of the plan)</FONT></P>
			</TD>
		</TR>
		<TR VALIGN=TOP>
			<TD WIDTH=114>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
			<TD COLSPAN=2 WIDTH=114>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
			<TD WIDTH=114>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
			<TD WIDTH=114>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
			<TD WIDTH=114>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
		</TR>
		<TR VALIGN=TOP>
			<TD WIDTH=114>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
			<TD COLSPAN=4 WIDTH=369>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm">Kenneth F. Kaplan</P>
			</TD>
			<TD WIDTH=114>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
		</TR>
		<TR VALIGN=TOP>
			<TD WIDTH=114>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
			<TD COLSPAN=4 WIDTH=369>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm">Vice President, Chief
				Financial Officer and Secretary</P>
			</TD>
			<TD WIDTH=114>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
		</TR>
		<TR VALIGN=TOP>
			<TD WIDTH=114>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
			<TD COLSPAN=4 WIDTH=369>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm">REGAL-BELOIT
				CORPORATION</P>
			</TD>
			<TD WIDTH=114>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
		</TR>
		<TR VALIGN=TOP>
			<TD WIDTH=114>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
			<TD COLSPAN=4 WIDTH=369>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm">200 State Street</P>
			</TD>
			<TD WIDTH=114>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
		</TR>
		<TR VALIGN=TOP>
			<TD WIDTH=114>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
			<TD COLSPAN=4 WIDTH=369>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm">Beloit, Wisconsin
				53511</P>
			</TD>
			<TD WIDTH=114>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
		</TR>
		<TR VALIGN=TOP>
			<TD WIDTH=114>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
			<TD COLSPAN=4 WIDTH=369>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm">(608) 364-8800</P>
			</TD>
			<TD WIDTH=114>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
		</TR>
		<TR VALIGN=TOP>
			<TD WIDTH=114>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
			<TD COLSPAN=4 WIDTH=369>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm"><FONT SIZE=1 STYLE="font-size: 8pt">(Name,
				address and telephone number, including area code of agent for
				service)</FONT></P>
			</TD>
			<TD WIDTH=114>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
		</TR>
		<TR VALIGN=TOP>
			<TD WIDTH=114>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
			<TD COLSPAN=2 WIDTH=114>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
			<TD WIDTH=114>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
			<TD WIDTH=114>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
			<TD WIDTH=114>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
		</TR>
		<TR VALIGN=TOP>
			<TD WIDTH=114>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
			<TD COLSPAN=4 WIDTH=369>
				<H1>CALCULATION OF REGISTRATION FEE</H1>
			</TD>
			<TD WIDTH=114>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
		</TR>
		<TR VALIGN=BOTTOM>
			<TD WIDTH=114>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm"><FONT SIZE=2>Title of
				Securities to be Registered</FONT></P>
			</TD>
			<TD WIDTH=106>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm"><FONT SIZE=2>Amount to
				be Registered</FONT></P>
			</TD>
			<TD COLSPAN=2 WIDTH=122>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm"><FONT SIZE=2>Proposed
				Maximum Offering Price Per Share</FONT></P>
			</TD>
			<TD WIDTH=114>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm"><FONT SIZE=2>Proposed
				Maximum Aggregate Offering Price</FONT></P>
			</TD>
			<TD WIDTH=114>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm"><FONT SIZE=2>Amount of
				Registration Fee</FONT></P>
			</TD>
		</TR>
		<TR VALIGN=BOTTOM>
			<TD WIDTH=114>
				<P STYLE="margin-bottom: 0cm"><FONT SIZE=2>Common Stock, par
				value $.01</FONT></P>
			</TD>
			<TD WIDTH=106>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm"><FONT SIZE=2>50,000
				(1)</FONT></P>
			</TD>
			<TD COLSPAN=2 WIDTH=122>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm"><FONT SIZE=2>$20.83
				(1)</FONT></P>
			</TD>
			<TD WIDTH=114>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm"><FONT SIZE=2>$1,041,500
				(1)</FONT></P>
			</TD>
			<TD WIDTH=114>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm"><FONT SIZE=2>$84.26</FONT></P>
			</TD>
		</TR>
		<TR VALIGN=BOTTOM>
			<TD WIDTH=114>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
			<TD WIDTH=106>
				<P STYLE="margin-bottom: 0cm"><FONT SIZE=2>shares</FONT></P>
			</TD>
			<TD COLSPAN=2 WIDTH=122>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
			<TD WIDTH=114>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
			<TD WIDTH=114>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
		</TR>
		<TR VALIGN=BOTTOM>
			<TD WIDTH=114>
				<P STYLE="margin-bottom: 0cm"><FONT SIZE=2>Common Stock Purchase
				Rights</FONT></P>
			</TD>
			<TD WIDTH=106>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm"><FONT SIZE=2>50,000
				rights</FONT></P>
			</TD>
			<TD COLSPAN=2 WIDTH=122>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm"><FONT SIZE=2>(2)</FONT></P>
			</TD>
			<TD WIDTH=114>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm"><FONT SIZE=2>(2)</FONT></P>
			</TD>
			<TD WIDTH=114>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm"><FONT SIZE=2>(2)</FONT></P>
			</TD>
		</TR>
		<TR>
			<TD COLSPAN=6 WIDTH=624 VALIGN=BOTTOM>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
		</TR>
		<TR>
			<TD COLSPAN=6 WIDTH=624 VALIGN=BOTTOM>
				<P STYLE="margin-bottom: 0cm"><FONT SIZE=2>(1) Estimated pursuant
				to Rule 457(</FONT>c<FONT SIZE=2>) under the Securities Act of
				1933 solely for the purpose of calculating the registration fee
				based on the average of the high and low prices for REGAL-BELOIT
				CORPORATION Common Stock as reported on the American Stock
				Exchange on August 13, 2003.</FONT></P>
			</TD>
		</TR>
		<TR VALIGN=BOTTOM>
			<TD WIDTH=114>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
			<TD COLSPAN=2 WIDTH=114>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
			<TD WIDTH=114>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
			<TD WIDTH=114>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
			<TD WIDTH=114>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
		</TR>
		<TR>
			<TD COLSPAN=6 WIDTH=624 VALIGN=BOTTOM>
				<P STYLE="margin-bottom: 0cm"><FONT SIZE=2>(2) The value
				attributable to the Common Stock Purchase Rights is reflected in
				the market price of the Common Stock to which the Rights are
				attached.</FONT></P>
			</TD>
		</TR>
		<TR VALIGN=BOTTOM>
			<TD WIDTH=114>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
			<TD COLSPAN=2 WIDTH=114>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
			<TD WIDTH=114>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
			<TD WIDTH=114>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
			<TD WIDTH=114>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
		</TR>
		<TR>
			<TD COLSPAN=6 WIDTH=624 VALIGN=BOTTOM>
				<P STYLE="margin-bottom: 0cm"><FONT SIZE=2>(3) This Registration
				Statement shall cover any additional shares of the Common Stock
				of the Company which become issuable under the Company&rsquo;s
				LEESON Electric 401(k) Plan set forth herein by reason of any
				stock dividend, stock split, or any other similar transactions
				without receipt or consideration which results in an increase in
				the number of shares of the Company&rsquo;s outstanding Common
				Stock.</FONT></P>
			</TD>
		</TR>
		<TR VALIGN=BOTTOM>
			<TD WIDTH=114>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
			<TD COLSPAN=2 WIDTH=114>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
			<TD WIDTH=114>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
			<TD WIDTH=114>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
			<TD WIDTH=114>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
		</TR>
		<TR VALIGN=BOTTOM>
			<TD WIDTH=114>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
			<TD COLSPAN=2 WIDTH=114>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
			<TD WIDTH=114>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
			<TD WIDTH=114>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
			<TD WIDTH=114>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
		</TR>
		<TR>
			<TD COLSPAN=6 WIDTH=624 VALIGN=BOTTOM>
				<P STYLE="margin-bottom: 0cm"><FONT SIZE=2>In addition, pursuant
				to Rule 416(</FONT>c<FONT SIZE=2>) under the Securities Act of
				1933, this Registration Statement also covers an indeterminate
				amount of interests to be offered or sold pursuant to the
				employee benefit plan described herein.</FONT></P>
			</TD>
		</TR>
	</TABLE>
</CENTER>
<P ALIGN=CENTER STYLE="margin-bottom: 0cm"><BR>
</P>
<P ALIGN=CENTER STYLE="margin-bottom: 0cm"><B>PART I</B></P>
<P ALIGN=CENTER STYLE="margin-bottom: 0cm"><B>INFORMATION REQUIRED IN
THE SECTION 10(a) PROSPECTUS</B></P>
<P ALIGN=CENTER STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm">The document or documents containing
the information specified in Part I are not required to be filed with
the Securities and Exchange Commission (the &ldquo;Commission&rdquo;)
as part of this Form S-8 Registration Statement.</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<H1>PART II</H1>
<H1>INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</H1>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm"><B>Item 3. <U>Incorporation of
Documents by Reference</U>.</B></P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm">The following documents filed by
REGAL-BELOIT CORPORATION (the &ldquo;Company&rdquo;) or the LEESON
Electric 401(k) Plan (the &ldquo;Plan&rdquo;) with the Commission are
hereby incorporated herein by reference:</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<OL STYLE="margin-left: 3.81cm">
	<LI><P STYLE="margin-left: 2.54cm; margin-bottom: 0cm">The Company&rsquo;s
	Annual Report on Form 10-K for the year ended December 31, 2002,
	which includes certified financial statements as of and for the year
	ended December 31, 2002.</P>
</OL>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<OL START=2 STYLE="margin-left: 3.81cm">
	<LI><P STYLE="margin-left: 2.54cm; margin-bottom: 0cm">The Company&rsquo;s
	Proxy Statement filed on Form Def 14A dated March 11, 2003.</P>
</OL>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<OL START=3 STYLE="margin-left: 3.81cm">
	<LI><P STYLE="margin-left: 2.54cm; margin-bottom: 0cm">The Company&rsquo;s
	Quarterly Reports on Form 10-Q filed for the quarter ended March 31,
	2003 and on Form 10-Q filed for quarter ended June 30, 2003.</P>
</OL>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm">4. The Company&rsquo;s Current Report
on Form 8-K filed on April 21, 2003 and Current Report on Form 8-K
filed on July 21, 2003.</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm">5. The description of the Company&rsquo;s
Common Stock contained in Item I of the Company&rsquo;s Registration
Statement on Form 8-B, dated June 10, 1994, including any amendment
or report filed for the purpose of updating such description.</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm">6. The description of the Company&rsquo;s
Common Stock Purchase Rights contained in Item 1 of the Company&rsquo;s
Registration Statement on Form 8-A, dated January 31, 2000, and any
amendment of report filed for the purpose of updating such
description.</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm">7. The contents of Registration
Statements previously filed on Form S-8, Nos. 333-48789, Regal-Beloit
Savings &amp; Protection Plan; 333-48795, Marathon Hourly 401(k)
Savings Plan; 333-48815, Marathon Electric Salaried Employees&rsquo;
401(k) Savings Plan; 33-25233, REGAL-BELOIT CORPORATION Personal
Savings Plan; and the REGAL-BELOIT CORPORATION Profit Sharing Plan
(SEC File No. Unknown) filed with the Securities and Exchange
Commission on 3/27/98, 3/27/98, 3/27/98, 7/1/88 and 1988,
respectively, are incorporated by reference herein, as part of the
REGAL-BELOIT CORPORATION Retirement Plans.</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm">All documents subsequently filed by the
Company or the Plan pursuant to Sections 13(a), 13(c), 14 or 15(d) of
the Exchange Act after the date of filing of this Registration
</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm">Statement and prior to such time as the
Company files a post-effective amendment to this Registration
Statement which indicates that all securities offered hereby have
been sold or which deregisters all securities then remaining unsold
shall be deemed to be incorporated by reference in this Registration
Statement and to be a part hereof from the date of filing of such
documents.</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm"><B>Item 4. <U>Description of
Securities</U>.</B></P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm">Not applicable.</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm"><B>Item 5. <U>Interests of Named
Experts and Counsel</U>.</B></P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm">Not applicable.</P>
<P ALIGN=CENTER STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm"><B>Item 6. <U>Indemnification of
Directors and Officers</U>.</B></P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm">Pursuant to the Wisconsin Business
Corporation Law and the Company&rsquo;s By-laws, directors and
officers of the Company are entitled to mandatory indemnification
from the Company against certain liabilities and expenses (i) to the
extent such officers or directors are successful in the defense of a
proceeding and (ii) in proceedings in which the director of officer
is not successful in defense thereof, unless it is determined that
the director or officer breached or failed to perform his duties to
the Company and such breach or failure constituted: (a) a willful
failure to deal fairly with the Company or its shareholders in
connection with a matter in which the director or officer had a
material conflict of interest; (b) a violation of the criminal law
unless the director or officer had reasonable cause to believe his or
her conduct was lawful or had no reasonable cause to believe his or
her conduct was unlawful; (c) a transaction from which the director
or officer derived an improper personal profit; or (d) willful
misconduct. It should be noted that the Wisconsin Business
Corporation Law specifically states that it is the public policy of
Wisconsin to require or permit indemnification in connection with a
proceeding involving securities regulation, as described therein, to
the extent required or permitted as described above. Additionally,
under the Wisconsin Business Corporation Law, directors of the
Company are not subject to personal liability to the Company, its
shareholders or any person asserting rights on behalf thereof for
certain breaches or failures to perform any duty resulting solely
from their status as directors except in circumstances paralleling
those in subparagraphs (a) through (d) outlined above.</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm">Expenses for the defense of any action
for which indemnification may be available may be advanced by the
Company under certain circumstances.</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm">The indemnification provided by the
Wisconsin Business Corporation Law and the Company&rsquo;s By-laws is
not exclusive of any other rights to which a director or officer may
be entitled.</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm">The Company maintains a liability
insurance policy for its directors and officers as permitted by
Wisconsin law which may extend to, among other things, liability
arising under the Securities Act of 1933, as amended.</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm"><B>Item 7. <U>Exemption from
Registration Claimed</U>.</B></P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm">Not applicable.</P>
<P ALIGN=CENTER STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm"><B>Item 8. <U>Exhibits</U>.</B></P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm">The following exhibits have been filed
(except where otherwise indicated) as part of this Registration
Statement.</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<DL>
	<DL>
		<DL>
			<DD>
			<TABLE WIDTH=488 BORDER=0 CELLPADDING=7 CELLSPACING=0>
				<TR VALIGN=TOP>
					<TD WIDTH=146>
						<P ALIGN=CENTER STYLE="margin-bottom: 0cm"><U>Exhibit No.</U></P>
					</TD>
					<TD WIDTH=314>
						<P ALIGN=CENTER STYLE="margin-bottom: 0cm"><U>Exhibit</U></P>
						<P ALIGN=CENTER STYLE="margin-bottom: 0cm"><BR>
						</P>
					</TD>
				</TR>
				<TR VALIGN=TOP>
					<TD WIDTH=146>
						<P ALIGN=CENTER STYLE="margin-bottom: 0cm">(4.1)</P>
					</TD>
					<TD WIDTH=314>
						<P STYLE="margin-bottom: 0cm">LEESON Electric 401(k) Plan filed
						herein.</P>
					</TD>
				</TR>
				<TR VALIGN=TOP>
					<TD WIDTH=146>
						<P ALIGN=CENTER STYLE="margin-bottom: 0cm">(4.2)</P>
					</TD>
					<TD WIDTH=314>
						<P STYLE="margin-bottom: 0cm">Articles of Incorporation of the
						Company (incorporated by reference to Exhibit B to the
						Company&rsquo;s proxy statement on Form Def 14A filed on March
						11, 1994)</P>
						<P STYLE="margin-bottom: 0cm"><BR>
						</P>
					</TD>
				</TR>
				<TR VALIGN=TOP>
					<TD WIDTH=146>
						<P ALIGN=CENTER STYLE="margin-bottom: 0cm">(4.3)</P>
					</TD>
					<TD WIDTH=314>
						<P STYLE="margin-bottom: 0cm">Rights Agreement, dated as of
						January 28, 2000, between REGAL-BELOIT CORPORATION and
						BankBoston N.A. (incorporated by reference to Exhibit 4.1 to
						REGAL-BELOIT CORPORATION&rsquo;s Registration Statement on Form
						8-A, filed January 31, 2000)</P>
						<P STYLE="margin-bottom: 0cm"><BR>
						</P>
					</TD>
				</TR>
				<TR VALIGN=TOP>
					<TD WIDTH=146>
						<P ALIGN=CENTER STYLE="margin-bottom: 0cm">(5)</P>
					</TD>
					<TD WIDTH=314>
						<P STYLE="margin-bottom: 0cm">Opinion of Counsel</P>
						<P STYLE="margin-bottom: 0cm"><BR>
						</P>
					</TD>
				</TR>
				<TR VALIGN=TOP>
					<TD WIDTH=146>
						<P ALIGN=CENTER STYLE="margin-bottom: 0cm">(23.1)</P>
					</TD>
					<TD WIDTH=314>
						<P STYLE="margin-bottom: 0cm">Consent of Deloitte &amp; Touche
						LLP</P>
						<P STYLE="margin-bottom: 0cm"><BR>
						</P>
					</TD>
				</TR>
				<TR VALIGN=TOP>
					<TD WIDTH=146>
						<P ALIGN=CENTER STYLE="margin-bottom: 0cm">(24.1)</P>
					</TD>
					<TD WIDTH=314>
						<P STYLE="margin-bottom: 0cm">Power of Attorney (included on
						the signature page to this Registration Statement)</P>
					</TD>
				</TR>
			</TABLE>
		</DL>
	</DL>
</DL>
<P ALIGN=CENTER STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm">The undersigned Registrant hereby
undertakes to submit the Plan to the Internal Revenue Service (&ldquo;IRS&rdquo;)
in a timely manner as necessary and will make all changes required by
the IRS in order to maintain the Plan under Section 401 of the
Internal Revenue Code of 1986, as amended.</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm"><B>Item 9. <U>Undertakings</U>.</B></P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm">(a) The undersigned Registrant hereby
undertakes:</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-left: 1.69cm; text-indent: -1.69cm; margin-bottom: 0cm">
(1) To file, during any period in which offers or sales are being
made, a post-effective amendment to this Registration Statement to
include any material information with respect to the plan of
distribution not previously disclosed in the Registration Statement
or any material change to such information in the Registration
Statement.</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-left: 1.69cm; text-indent: -1.69cm; margin-bottom: 0cm">
(2) That, for the purpose of determining any liability under the
Securities Act of 1933, each such post-effective amendment shall be
deemed to be a new registration statement relating to the securities
offered herein, and the offering of such securities at that time
shall be deemed to be the initial bona fide offering thereof.</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-left: 1.69cm; text-indent: -1.69cm; margin-bottom: 0cm">
(3) To remove from registration by means of a post-effective
amendment any of the securities being registered which remain unsold
at the termination of the offering.</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm">(b) The undersigned Registrant hereby
undertakes that, for purposes of determining any liability under the
Securities Act of 1933, each filing of the Registrant&rsquo;s annual
report pursuant to Section 13(a) or Section 15(d) of the Securities
Exchange Act of 1934 (and, where applicable, each filing of an
employee benefit plan&rsquo;s annual report pursuant to Section 15(d)
of the Securities Exchange Act of 1934) that is incorporated by
reference in this Registration Statement shall be deemed to be a new
registration statement relating to the securities offered herein, and
the offering of such securities at that time shall be deemed to be
the initial bona fide offering thereof.</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm">(c) Insofar as indemnification for
liabilities arising under the Securities Act of 1933 may be permitted
to directors, officers and controlling persons of the Registrant
pursuant to the foregoing provisions, or otherwise, the Registrant
has been advised that in the opinion of the Securities and Exchange
Commission such indemnification is against public policy as expressed
in the Act and is, therefore, unenforceable. In the event that a
claim for indemnification against such liabilities (other than the
payment by the Registrant of expenses incurred or paid by a director,
officer or controlling person of the Registrant in the successful
defense of any action, suit or proceeding) is asserted by such
director, officer or controlling person in connection with the
securities being registered, the Registrant will, unless in the
opinion of its counsel the matter has been settled by controlling
precedent, submit to a court of appropriate jurisdiction the question
whether such indemnification by it is against public policy as
expressed in the Act and will be governed by the final adjudication
of such issue.</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P ALIGN=CENTER STYLE="margin-bottom: 0cm"><BR>
</P>
<P ALIGN=CENTER STYLE="margin-bottom: 0cm"><BR>
</P>
<P ALIGN=CENTER STYLE="margin-bottom: 0cm"><BR>
</P>
<P ALIGN=CENTER STYLE="margin-bottom: 0cm"><BR>
</P>
<P ALIGN=CENTER STYLE="margin-bottom: 0cm"><B>SIGNATURES</B></P>
<P ALIGN=CENTER STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm"><U>The Registrant</U>. Pursuant to the
requirements of the Securities Act of 1933, the Registrant certifies
that it has reasonable grounds to believe that it meets all of the
requirements for filing on Form S-8 and has duly caused this
Registration Statement to be signed on its behalf by the undersigned,
thereunto duly authorized, in the City of Beloit, and State of
Wisconsin, on this 20th day of August, 2003.</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm">REGAL-BELOIT CORPORATION</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm">By: <U>/s/ Kenneth F. Kaplan </U>
</P>
<P STYLE="margin-bottom: 0cm">Kenneth F. Kaplan</P>
<P STYLE="margin-bottom: 0cm">Vice President, Chief Financial Officer
</P>
<P STYLE="margin-bottom: 0cm">and Secretary</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P ALIGN=CENTER STYLE="margin-bottom: 0cm"><B>POWER OF ATTORNEY</B></P>
<P ALIGN=CENTER STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm">Pursuant to the requirements of the
Securities Act of 1933, this Registration Statement has been signed
below by the following persons in the capacities and on the date
indicated. Each person whose signature appears below constitutes and
appoints James L. Packard and Kenneth F. Kaplan, and each of them
individually, his or her true and lawful attorneys-in-fact and
agents, with full power of substitution and revocation, for him or
her and in his or her name, place and stead, in any and all
capacities, to sign any and all amendments (including post-effective
amendments) to this Registration Statement and to file the same, with
all exhibits thereto, and other documents in connection therewith,
with the Securities and Exchange Commission, granting unto said
attorneys-in-fact and agents, and each of them, full power and
authority to do and perform each and every act and thing requisite
and necessary to be done in connection therewith, as fully to all
intents and purposes as he or she might or could do in person, hereby
ratifying and confirming all that said attorneys-in-fact and agents,
or either of them, may lawfully do or cause to be done by virtue
hereof.</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P ALIGN=CENTER STYLE="margin-bottom: 0cm"><BR>
</P>
<CENTER>
	<TABLE WIDTH=638 BORDER=0 CELLPADDING=7 CELLSPACING=0>
		<TR VALIGN=BOTTOM>
			<TD WIDTH=199>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm"><U>Signature</U></P>
			</TD>
			<TD WIDTH=276>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm"><U>Title</U></P>
			</TD>
			<TD WIDTH=121>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm"><U>Date</U></P>
			</TD>
		</TR>
		<TR VALIGN=BOTTOM>
			<TD WIDTH=199>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
				<P STYLE="margin-bottom: 0cm"><U>s/ James L. Packard</U></P>
				<P STYLE="margin-bottom: 0cm">James L. Packard</P>
			</TD>
			<TD WIDTH=276>
				<P STYLE="margin-bottom: 0cm">Chairman of the Board, Chief
				Executive Officer and Director</P>
			</TD>
			<TD WIDTH=121>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm">July 18, 2003</P>
			</TD>
		</TR>
		<TR VALIGN=BOTTOM>
			<TD WIDTH=199>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
				<P STYLE="margin-bottom: 0cm"><U>/s/ Henry W. Knueppel</U></P>
				<P STYLE="margin-bottom: 0cm">Henry W. Knueppel</P>
			</TD>
			<TD WIDTH=276>
				<P STYLE="margin-bottom: 0cm">President, Chief Operating Officer
				and Director</P>
			</TD>
			<TD WIDTH=121>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm">July 18, 2003</P>
			</TD>
		</TR>
		<TR VALIGN=BOTTOM>
			<TD WIDTH=199>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
				<P STYLE="margin-bottom: 0cm"><U>/s/ Kenneth F. Kaplan</U></P>
				<P STYLE="margin-bottom: 0cm">Kenneth F. Kaplan</P>
			</TD>
			<TD WIDTH=276>
				<P STYLE="margin-bottom: 0cm">Vice President, Chief Financial
				Officer and Secretary</P>
			</TD>
			<TD WIDTH=121>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm">July 18, 2003</P>
			</TD>
		</TR>
		<TR VALIGN=BOTTOM>
			<TD WIDTH=199>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
				<P STYLE="margin-bottom: 0cm"><U>/s/ Frank Bauchiero</U></P>
				<P STYLE="margin-bottom: 0cm">Frank Bauchiero</P>
			</TD>
			<TD WIDTH=276>
				<P STYLE="margin-bottom: 0cm">Director</P>
			</TD>
			<TD WIDTH=121>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm">July 18, 2003</P>
			</TD>
		</TR>
	</TABLE>
</CENTER>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P ALIGN=CENTER STYLE="margin-bottom: 0cm"><BR>
</P>
<P ALIGN=CENTER STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<CENTER>
	<TABLE WIDTH=638 BORDER=0 CELLPADDING=7 CELLSPACING=0>
		<TR VALIGN=BOTTOM>
			<TD WIDTH=199>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
				<P STYLE="margin-bottom: 0cm"><U>/s/ J. Reed Coleman</U></P>
				<P STYLE="margin-bottom: 0cm">J. Reed Coleman</P>
			</TD>
			<TD WIDTH=276>
				<P STYLE="margin-bottom: 0cm">Director</P>
			</TD>
			<TD WIDTH=121>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm">July 18, 2003</P>
			</TD>
		</TR>
		<TR VALIGN=BOTTOM>
			<TD WIDTH=199>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
				<P STYLE="margin-bottom: 0cm"><U>/s/ Stephen N. Graff</U></P>
				<P STYLE="margin-bottom: 0cm">Stephen N. Graff</P>
			</TD>
			<TD WIDTH=276>
				<P STYLE="margin-bottom: 0cm">Director</P>
			</TD>
			<TD WIDTH=121>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm">July 18, 2003</P>
			</TD>
		</TR>
	</TABLE>
</CENTER>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P ALIGN=CENTER STYLE="margin-bottom: 0cm"><BR>
</P>
<P ALIGN=CENTER STYLE="margin-bottom: 0cm"><BR>
</P>
<P ALIGN=CENTER STYLE="margin-bottom: 0cm"><BR>
</P>
<P ALIGN=CENTER STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm"><U>The Plan</U>. Pursuant to the
requirements of the Securities Act of 1933, REGAL-BELOIT CORORATION,
in its capacity as the Plan Administrator of the LEESON Electric
401(k) Plan, has duly caused this Registration Statement to be signed
on its behalf by the undersigned, thereunto duly authorized, in the
City of Beloit, and State of Wisconsin, on this 11<SUP>th</SUP> day
of August 2003.</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm"><B>REGAL-BELOIT CORPORATION</B></P>
<P STYLE="margin-bottom: 0cm"><B>As Plan Administrator of the</B></P>
<P STYLE="margin-bottom: 0cm"><B>LEESON Electric 401(k) Plan</B></P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm">By: <U>/s/ Kenneth F. Kaplan</U></P>
<P STYLE="margin-bottom: 0cm">Kenneth F. Kaplan</P>
<P STYLE="margin-bottom: 0cm">Vice President, CFO and Secretary</P>
<P ALIGN=CENTER STYLE="margin-bottom: 0cm"><BR>
</P>
<P ALIGN=CENTER STYLE="margin-bottom: 0cm"><BR>
</P>
<P ALIGN=CENTER STYLE="margin-bottom: 0cm"><BR>
</P>
<P ALIGN=CENTER STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<DL>
	<DL>
		<DL>
			<DD>
			<TABLE WIDTH=488 BORDER=0 CELLPADDING=7 CELLSPACING=0>
				<TR>
					<TD COLSPAN=2 WIDTH=474 VALIGN=TOP>
						<P ALIGN=CENTER STYLE="margin-bottom: 0cm"><B>EXHIBIT INDEX</B></P>
					</TD>
				</TR>
				<TR>
					<TD COLSPAN=2 WIDTH=474 VALIGN=TOP>
						<P ALIGN=CENTER STYLE="margin-bottom: 0cm"><B>LEESON Electric
						401(k) Plan</B></P>
						<P ALIGN=CENTER STYLE="margin-bottom: 0cm"><BR>
						</P>
					</TD>
				</TR>
				<TR VALIGN=TOP>
					<TD WIDTH=146>
						<P ALIGN=CENTER STYLE="margin-bottom: 0cm"><U>Exhibit No.</U></P>
					</TD>
					<TD WIDTH=314>
						<P ALIGN=CENTER STYLE="margin-bottom: 0cm"><U>Exhibit</U></P>
					</TD>
				</TR>
				<TR VALIGN=TOP>
					<TD WIDTH=146>
						<P ALIGN=CENTER STYLE="margin-bottom: 0cm">(4.1)</P>
					</TD>
					<TD WIDTH=314>
						<P STYLE="margin-bottom: 0cm">LEESON Electric 401(k) Plan filed
						herein.</P>
					</TD>
				</TR>
				<TR VALIGN=TOP>
					<TD WIDTH=146>
						<P ALIGN=CENTER STYLE="margin-bottom: 0cm">(4.2)</P>
					</TD>
					<TD WIDTH=314>
						<P STYLE="margin-bottom: 0cm">Articles of Incorporation of the
						Company (incorporated by reference to Exhibit B to the
						Company&rsquo;s proxy statement on Form Def 14A filed on March
						11, 1994)</P>
					</TD>
				</TR>
				<TR VALIGN=TOP>
					<TD WIDTH=146>
						<P ALIGN=CENTER STYLE="margin-bottom: 0cm">(4.3)</P>
					</TD>
					<TD WIDTH=314>
						<P STYLE="margin-bottom: 0cm">Rights Agreement dated as of
						January 28, 2000, between REGAL-BELOIT CORPORATION and
						BankBoston N.A. (incorporated by reference to Exhibit 4.1 to
						REGAL-BELOIT CORPORATION&rsquo;s Registration Statement on Form
						8-A, filed January 31, 2000)</P>
					</TD>
				</TR>
				<TR VALIGN=TOP>
					<TD WIDTH=146>
						<P ALIGN=CENTER STYLE="margin-bottom: 0cm">(5)</P>
					</TD>
					<TD WIDTH=314>
						<P STYLE="margin-bottom: 0cm">Opinion of Counsel</P>
					</TD>
				</TR>
				<TR VALIGN=TOP>
					<TD WIDTH=146>
						<P ALIGN=CENTER STYLE="margin-bottom: 0cm">(23.1)</P>
					</TD>
					<TD WIDTH=314>
						<P STYLE="margin-bottom: 0cm">Consent of Deloitte &amp; Touche
						LLP</P>
					</TD>
				</TR>
				<TR VALIGN=TOP>
					<TD WIDTH=146>
						<P ALIGN=CENTER STYLE="margin-bottom: 0cm">(24.1)</P>
					</TD>
					<TD WIDTH=314>
						<P STYLE="margin-bottom: 0cm">Power of Attorney (included on
						the signature page to this Registration Statement)</P>
					</TD>
				</TR>
			</TABLE>
		</DL>
	</DL>
</DL>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P ALIGN=CENTER STYLE="margin-bottom: 0cm"><BR>
</P>
<P ALIGN=CENTER STYLE="margin-bottom: 0cm"><BR>
</P>
<P ALIGN=CENTER STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm">Exhibit 5</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm">July 31, 2003</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm">REGAL-BELOIT CORPORATION</P>
<P STYLE="margin-bottom: 0cm">200 State Street</P>
<P STYLE="margin-bottom: 0cm">Beloit, WI 53511</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm">Ladies and Gentlemen:</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm">I am the attorney of REGAL-BELOIT
CORPORATION, a Wisconsin corporation (the &ldquo;Company&rdquo;). I
have acted as counsel to the Company in connection with the
preparation and filing of a Registration Statement on Form S-8 (the
&ldquo;Registration Statement&rdquo;) under the Securities Act of
1933, as amended, (the &ldquo;Securities Act&rdquo;) for the
registration of 50,000 shares of common stock, par value $0.01 per
share (the &ldquo;Shares&rdquo;), of the Company relating to the
REGAL-BELOIT CORPORATION Retirement Plans, specifically incorporating
the LEESON Electric 401(k) Plan (the &ldquo;Plan&rdquo;).</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm">In connection with the foregoing, I
have examined the minute books and stock records of the Company, the
Certificate of Incorporation, as amended, and By-Laws of the Company,
the Registration Statement, the Plan and resolutions duly adopted by
the Board of Directors of the company relating to the Plan. In
addition, I have reviewed such other documents and instruments and
have conferred with various officers and directors of the Company and
have ascertained or verified such additional facts as deemed
necessary or appropriate for the purposes of this opinion. In this
examination I have assumed the legal capacity of all natural persons,
the genuineness of all signatures, the authenticity of all documents
submitted as originals, the conformity to original documents of all
documents submitted as certified, photostatic or facsimile copies and
the authenticity of the originals of such latter documents.</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm">Based upon the foregoing I am of the
opinion that the Shares to be issued under the Plan have been duly
authorized and, when issued and delivered in accordance with the
terms of the Plan, will be legally issued, fully paid and
nonassessable.</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm">My opinion is limited to matters
governed by the laws of the State of Wisconsin and the Business
Corporations Law of the State of Wisconsin.</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm">I hereby consent to the filing of this
opinion as an exhibit to the Registration Statement. In giving this
consent, I do not hereby admit that I come within the category of
persons whose consent is required under Section 7 of the Securities
Act or the rules and regulations of the Securities and Exchange
Commission thereunder.</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm">Very truly yours,</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm"><U>/S/ Charldene S. Schneier </U>
</P>
<P STYLE="margin-bottom: 0cm">Charldene S. Schneier</P>
<P STYLE="margin-bottom: 0cm">Attorney</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm">Exhibit 23.1</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm"><B>Independent Auditors&rsquo; Consent</B></P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm">We consent to the incorporation by
reference in this Registration Statement on Form S-8 of REGAL-BELOIT
Corporation of our report dated January 29, 2003, relating to the
consolidated financial statements of REGAL-BELOIT Corporation as of
and for the year ended December 31, 2002 (which report expresses an
unqualified opinion and includes explanatory paragraphs relating to
the adoption of Statement of Financial Accounting Standards No. 142,
&ldquo;Goodwill and other Intangible Assets,&rdquo; and the
application of procedures relating to certain disclosures of
financial statement amounts related to the 2001 and 2000 financial
statements that were audited by other auditors who have ceased
operations and for which we have expressed no opinion or other form
of assurance other than with respect to such disclosures) appearing
in the Form 10-K of REGAL-BELOIT Corporation for the year ended
December 31, 2002.</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm">/s/ Deloitte &amp; Touche</P>
<P STYLE="margin-bottom: 0cm">Milwaukee, Wisconsin</P>
<P STYLE="margin-bottom: 0cm">August 15, 2003</P>
<P STYLE="margin-bottom: 0cm; widows: 0; orphans: 0"><A NAME="printer"></A>
<FONT FACE="Times, serif"><BR>\\mi-mke-print01\tr-mke-p1207****F50000
2.0 LOCKED </FONT>
</P>
<P STYLE="margin-bottom: 0cm">****F50003 2.0 UNMODIFIED</P>
<P STYLE="margin-bottom: 0cm; widows: 0; orphans: 0"><FONT FACE="Times, serif">\\mi-mke-print01\tr-mke-p1207****F50000
2.0 LOCKED </FONT>
</P>
<P STYLE="margin-bottom: 0cm">****F50003 2.0 UNMODIFIED</P>
<P ALIGN=CENTER STYLE="margin-bottom: 0cm"><B>&lt;00Q7&gt;LEESON
ELECTRIC 401(K) PLAN&lt;\00Q7&gt;</B></P>
<P STYLE="margin-bottom: 0cm; widows: 0; orphans: 0"><FONT FACE="Times, serif">****F50008
2.0 UNMODIFIED</FONT></P>
<P ALIGN=CENTER STYLE="margin-bottom: 0cm"><B>SUMMARY PLAN
DESCRIPTION</B></P>
<P STYLE="margin-bottom: 0cm">****F50009 2.0 LOCKED
</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="margin-bottom: 0cm; page-break-before: always">****F5000A
2.0 UNMODIFIED</P>
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OF CONTENTS</P>
<P ALIGN=CENTER>&nbsp;</P>
<P><!--[if supportFields]><span
style='text-transform:none'><span style='mso-element:field-begin'></span><span
style='mso-spacerun:yes'></span>TOC \l 1-4\n 1-2 \MERGEFORMAT <span
style='mso-element:field-separator'></span></span><![endif]-->INTRODUCTION
TO YOUR PLAN</P>
<P>ARTICLE I</P>
<P>PARTICIPATION IN THE PLAN</P>
<P>Am I eligible to participate in the
Plan?.............................................................................................<!--[if supportFields]><span
style='mso-no-proof:yes'><span style='mso-element:field-begin'></span> PAGEREF
_Toc36369510 \h <span style='mso-element:field-separator'></span></span><![endif]-->
15<!--[if gte mso 9]><xml>
 <w:data>08D0C9EA79F9BACE118C8200AA004BA90B02000000080000000D0000005F0054006F006300330036003300360039003500310030000000</w:data>
</xml><![endif]--><!--[if supportFields]><span style='mso-no-proof:yes'><span
style='mso-element:field-end'></span></span><![endif]-->&lt;</P>
<P>When am I eligible to participate in the
Plan?....................................................................................<!--[if supportFields]><span
style='mso-no-proof:yes'><span style='mso-element:field-begin'></span> PAGEREF
_Toc36369511 \h <span style='mso-element:field-separator'></span></span><![endif]-->
16<!--[if gte mso 9]><xml>
 <w:data>08D0C9EA79F9BACE118C8200AA004BA90B02000000080000000D0000005F0054006F006300330036003300360039003500310031000000</w:data>
</xml><![endif]--><!--[if supportFields]><span style='mso-no-proof:yes'><span
style='mso-element:field-end'></span></span><![endif]--></P>
<P>When is my entry
date?....................................................................................................................<!--[if supportFields]><span
style='mso-no-proof:yes'><span style='mso-element:field-begin'></span> PAGEREF
_Toc36369512 \h <span style='mso-element:field-separator'></span></span><![endif]-->
16<!--[if gte mso 9]><xml>
 <w:data>08D0C9EA79F9BACE118C8200AA004BA90B02000000080000000D0000005F0054006F006300330036003300360039003500310032000000</w:data>
</xml><![endif]--><!--[if supportFields]><span style='mso-no-proof:yes'><span
style='mso-element:field-end'></span></span><![endif]--></P>
<P>Does all my service with the Employer count for purposes of Plan
eligibility?.....................................<!--[if supportFields]><span
style='mso-no-proof:yes'><span style='mso-element:field-begin'></span> PAGEREF
_Toc36369513 \h <span style='mso-element:field-separator'></span></span><![endif]-->
16<!--[if gte mso 9]><xml>
 <w:data>08D0C9EA79F9BACE118C8200AA004BA90B02000000080000000D0000005F0054006F006300330036003300360039003500310033000000</w:data>
</xml><![endif]--><!--[if supportFields]><span style='mso-no-proof:yes'><span
style='mso-element:field-end'></span></span><![endif]--></P>
<P>What happens if I'm a participant, terminate employment, and then
I'm rehired?.................................<!--[if supportFields]><span
style='mso-no-proof:yes'><span style='mso-element:field-begin'></span> PAGEREF
_Toc36369514 \h <span style='mso-element:field-separator'></span></span><![endif]-->
17<!--[if gte mso 9]><xml>
 <w:data>08D0C9EA79F9BACE118C8200AA004BA90B02000000080000000D0000005F0054006F006300330036003300360039003500310034000000</w:data>
</xml><![endif]--><!--[if supportFields]><span style='mso-no-proof:yes'><span
style='mso-element:field-end'></span></span><![endif]--></P>
<P>ARTICLE II</P>
<P>CONTRIBUTIONS</P>
<P>What kind of plan is
this?.................................................................................................................<!--[if supportFields]><span
style='mso-no-proof:yes'><span style='mso-element:field-begin'></span> PAGEREF
_Toc36369515 \h <span style='mso-element:field-separator'></span></span><![endif]-->
17<!--[if gte mso 9]><xml>
 <w:data>08D0C9EA79F9BACE118C8200AA004BA90B02000000080000000D0000005F0054006F006300330036003300360039003500310035000000</w:data>
</xml><![endif]--><!--[if supportFields]><span style='mso-no-proof:yes'><span
style='mso-element:field-end'></span></span><![endif]--></P>
<P>Do I have to contribute money to the Plan in order to
participate?.....................................................<!--[if supportFields]><span
style='mso-no-proof:yes'><span style='mso-element:field-begin'></span> PAGEREF
_Toc36369516 \h <span style='mso-element:field-separator'></span></span><![endif]-->
17<!--[if gte mso 9]><xml>
 <w:data>08D0C9EA79F9BACE118C8200AA004BA90B02000000080000000D0000005F0054006F006300330036003300360039003500310036000000</w:data>
</xml><![endif]--><!--[if supportFields]><span style='mso-no-proof:yes'><span
style='mso-element:field-end'></span></span><![endif]--></P>
<P>How much may I contribute to the
Plan?..........................................................................................<!--[if supportFields]><span
style='mso-no-proof:yes'><span style='mso-element:field-begin'></span> PAGEREF
_Toc36369517 \h <span style='mso-element:field-separator'></span></span><![endif]-->
17<!--[if gte mso 9]><xml>
 <w:data>08D0C9EA79F9BACE118C8200AA004BA90B02000000080000000D0000005F0054006F006300330036003300360039003500310037000000</w:data>
</xml><![endif]--><!--[if supportFields]><span style='mso-no-proof:yes'><span
style='mso-element:field-end'></span></span><![endif]--></P>
<P>How often can I modify the amount I
contribute?..............................................................................<!--[if supportFields]><span
style='mso-no-proof:yes'><span style='mso-element:field-begin'></span> PAGEREF
_Toc36369518 \h <span style='mso-element:field-separator'></span></span><![endif]-->
19<!--[if gte mso 9]><xml>
 <w:data>08D0C9EA79F9BACE118C8200AA004BA90B02000000080000000D0000005F0054006F006300330036003300360039003500310038000000</w:data>
</xml><![endif]--><!--[if supportFields]><span style='mso-no-proof:yes'><span
style='mso-element:field-end'></span></span><![endif]--></P>
<P>Will the Employer contribute to the
Plan?.........................................................................................<!--[if supportFields]><span
style='mso-no-proof:yes'><span style='mso-element:field-begin'></span> PAGEREF
_Toc36369519 \h <span style='mso-element:field-separator'></span></span><![endif]-->
19<!--[if gte mso 9]><xml>
 <w:data>08D0C9EA79F9BACE118C8200AA004BA90B02000000080000000D0000005F0054006F006300330036003300360039003500310039000000</w:data>
</xml><![endif]--><!--[if supportFields]><span style='mso-no-proof:yes'><span
style='mso-element:field-end'></span></span><![endif]--></P>
<P>What is the Employer matching
contribution?....................................................................................<!--[if supportFields]><span
style='mso-no-proof:yes'><span style='mso-element:field-begin'></span> PAGEREF
_Toc36369520 \h <span style='mso-element:field-separator'></span></span><![endif]-->
19<!--[if gte mso 9]><xml>
 <w:data>08D0C9EA79F9BACE118C8200AA004BA90B02000000080000000D0000005F0054006F006300330036003300360039003500320030000000</w:data>
</xml><![endif]--><!--[if supportFields]><span style='mso-no-proof:yes'><span
style='mso-element:field-end'></span></span><![endif]--></P>
<P>What is the Employer profit sharing
contribution?..............................................................................<!--[if supportFields]><span
style='mso-no-proof:yes'><span style='mso-element:field-begin'></span> PAGEREF
_Toc36369521 \h <span style='mso-element:field-separator'></span></span><![endif]-->
19<!--[if gte mso 9]><xml>
 <w:data>08D0C9EA79F9BACE118C8200AA004BA90B02000000080000000D0000005F0054006F006300330036003300360039003500320031000000</w:data>
</xml><![endif]--><!--[if supportFields]><span style='mso-no-proof:yes'><span
style='mso-element:field-end'></span></span><![endif]--></P>
<P>How will the Employer profit sharing contribution be allocated to
my account?..................................<!--[if supportFields]><span
style='mso-no-proof:yes'><span style='mso-element:field-begin'></span> PAGEREF
_Toc36369522 \h <span style='mso-element:field-separator'></span></span><![endif]-->
19<!--[if gte mso 9]><xml>
 <w:data>08D0C9EA79F9BACE118C8200AA004BA90B02000000080000000D0000005F0054006F006300330036003300360039003500320032000000</w:data>
</xml><![endif]--><!--[if supportFields]><span style='mso-no-proof:yes'><span
style='mso-element:field-end'></span></span><![endif]--></P>
<P>What compensation is used to determine my Plan
benefits?...............................................................<!--[if supportFields]><span
style='mso-no-proof:yes'><span style='mso-element:field-begin'></span> PAGEREF
_Toc36369523 \h <span style='mso-element:field-separator'></span></span><![endif]-->
20<!--[if gte mso 9]><xml>
 <w:data>08D0C9EA79F9BACE118C8200AA004BA90B02000000080000000D0000005F0054006F006300330036003300360039003500320033000000</w:data>
</xml><![endif]--><!--[if supportFields]><span style='mso-no-proof:yes'><span
style='mso-element:field-end'></span></span><![endif]--></P>
<P>Is there a limit on the amount of compensation that can be
considered?.............................................<!--[if supportFields]><span
style='mso-no-proof:yes'><span style='mso-element:field-begin'></span> PAGEREF
_Toc36369524 \h <span style='mso-element:field-separator'></span></span><![endif]-->
21<!--[if gte mso 9]><xml>
 <w:data>08D0C9EA79F9BACE118C8200AA004BA90B02000000080000000D0000005F0054006F006300330036003300360039003500320034000000</w:data>
</xml><![endif]--><!--[if supportFields]><span style='mso-no-proof:yes'><span
style='mso-element:field-end'></span></span><![endif]--></P>
<P>Are there limits on how much can be contributed to my account each
year?.......................................<!--[if supportFields]><span
style='mso-no-proof:yes'><span style='mso-element:field-begin'></span> PAGEREF
_Toc36369525 \h <span style='mso-element:field-separator'></span></span><![endif]-->
21<!--[if gte mso 9]><xml>
 <w:data>08D0C9EA79F9BACE118C8200AA004BA90B02000000080000000D0000005F0054006F006300330036003300360039003500320035000000</w:data>
</xml><![endif]--><!--[if supportFields]><span style='mso-no-proof:yes'><span
style='mso-element:field-end'></span></span><![endif]--></P>
<P>May I roll over payments from other retirement plans or
IRAs?.........................................................<!--[if supportFields]><span
style='mso-no-proof:yes'><span style='mso-element:field-begin'></span> PAGEREF
_Toc36369526 \h <span style='mso-element:field-separator'></span></span><![endif]-->
21<!--[if gte mso 9]><xml>
 <w:data>08D0C9EA79F9BACE118C8200AA004BA90B02000000080000000D0000005F0054006F006300330036003300360039003500320036000000</w:data>
</xml><![endif]--><!--[if supportFields]><span style='mso-no-proof:yes'><span
style='mso-element:field-end'></span></span><![endif]--></P>
<P>How is the money in the Plan
invested?............................................................................................<!--[if supportFields]><span
style='mso-no-proof:yes'><span style='mso-element:field-begin'></span> PAGEREF
_Toc36369527 \h <span style='mso-element:field-separator'></span></span><![endif]-->
21<!--[if gte mso 9]><xml>
 <w:data>08D0C9EA79F9BACE118C8200AA004BA90B02000000080000000D0000005F0054006F006300330036003300360039003500320037000000</w:data>
</xml><![endif]--><!--[if supportFields]><span style='mso-no-proof:yes'><span
style='mso-element:field-end'></span></span><![endif]--></P>
<P>ARTICLE III</P>
<P>RETIREMENT BENEFITS</P>
<P>What benefits will I receive at normal
retirement?..............................................................................<!--[if supportFields]><span
style='mso-no-proof:yes'><span style='mso-element:field-begin'></span> PAGEREF
_Toc36369528 \h <span style='mso-element:field-separator'></span></span><![endif]-->
22<!--[if gte mso 9]><xml>
 <w:data>08D0C9EA79F9BACE118C8200AA004BA90B02000000080000000D0000005F0054006F006300330036003300360039003500320038000000</w:data>
</xml><![endif]--><!--[if supportFields]><span style='mso-no-proof:yes'><span
style='mso-element:field-end'></span></span><![endif]--></P>
<P>What happens if I leave the Employer's workforce before I
retire?....................................................<!--[if supportFields]><span
style='mso-no-proof:yes'><span style='mso-element:field-begin'></span> PAGEREF
_Toc36369529 \h <span style='mso-element:field-separator'></span></span><![endif]-->
22<!--[if gte mso 9]><xml>
 <w:data>08D0C9EA79F9BACE118C8200AA004BA90B02000000080000000D0000005F0054006F006300330036003300360039003500320039000000</w:data>
</xml><![endif]--><!--[if supportFields]><span style='mso-no-proof:yes'><span
style='mso-element:field-end'></span></span><![endif]--></P>
<P>What is my vested interest in my
account?........................................................................................<!--[if supportFields]><span
style='mso-no-proof:yes'><span style='mso-element:field-begin'></span> PAGEREF
_Toc36369530 \h <span style='mso-element:field-separator'></span></span><![endif]-->
22<!--[if gte mso 9]><xml>
 <w:data>08D0C9EA79F9BACE118C8200AA004BA90B02000000080000000D0000005F0054006F006300330036003300360039003500330030000000</w:data>
</xml><![endif]--><!--[if supportFields]><span style='mso-no-proof:yes'><span
style='mso-element:field-end'></span></span><![endif]--></P>
<P>How do I determine my Years of Service for vesting
purposes?........................................................<!--[if supportFields]><span
style='mso-no-proof:yes'><span style='mso-element:field-begin'></span> PAGEREF
_Toc36369531 \h <span style='mso-element:field-separator'></span></span><![endif]-->
23<!--[if gte mso 9]><xml>
 <w:data>08D0C9EA79F9BACE118C8200AA004BA90B02000000080000000D0000005F0054006F006300330036003300360039003500330031000000</w:data>
</xml><![endif]--><!--[if supportFields]><span style='mso-no-proof:yes'><span
style='mso-element:field-end'></span></span><![endif]--></P>
<P><A NAME="_Hlt41205556"></A>Does all my service count for vesting
purposes?................................................................................<!--[if supportFields]><span style='mso-bookmark:
_Hlt41205556'></span><span style='mso-element:field-begin'></span><span
style='mso-bookmark:_Hlt41205556'><span style='mso-no-proof:yes'> PAGEREF
_Toc36369532 \h <span style='mso-element:field-separator'></span></span></span><![endif]-->
23<!--[if gte mso 9]><xml>
 <w:data>08D0C9EA79F9BACE118C8200AA004BA90B02000000080000000D0000005F0054006F006300330036003300360039003500330032000000</w:data>
</xml><![endif]--><!--[if supportFields]><span style='mso-bookmark:
_Hlt41205556'></span><span style='mso-element:field-end'></span><![endif]--></P>
<P>As a veteran, will my military service count as service with the
Employer?.........................................<!--[if supportFields]><span
style='mso-no-proof:yes'><span style='mso-element:field-begin'></span> PAGEREF
_Toc36369533 \h <span style='mso-element:field-separator'></span></span><![endif]-->
24<!--[if gte mso 9]><xml>
 <w:data>08D0C9EA79F9BACE118C8200AA004BA90B02000000080000000D0000005F0054006F006300330036003300360039003500330033000000</w:data>
</xml><![endif]--><!--[if supportFields]><span style='mso-no-proof:yes'><span
style='mso-element:field-end'></span></span><![endif]--></P>
<P>What happens to the non&nbsp;vested portion of a terminated
participant's account?.................................<!--[if supportFields]><span
style='mso-no-proof:yes'><span style='mso-element:field-begin'></span> PAGEREF
_Toc36369534 \h <span style='mso-element:field-separator'></span></span><![endif]-->
24<!--[if gte mso 9]><xml>
 <w:data>08D0C9EA79F9BACE118C8200AA004BA90B02000000080000000D0000005F0054006F006300330036003300360039003500330034000000</w:data>
</xml><![endif]--><!--[if supportFields]><span style='mso-no-proof:yes'><span
style='mso-element:field-end'></span></span><![endif]--></P>
<P>What happens if I'm
rehired?............................................................................................................<!--[if supportFields]><span
style='mso-no-proof:yes'><span style='mso-element:field-begin'></span> PAGEREF
_Toc36369535 \h <span style='mso-element:field-separator'></span></span><![endif]-->
24<!--[if gte mso 9]><xml>
 <w:data>08D0C9EA79F9BACE118C8200AA004BA90B02000000080000000D0000005F0054006F006300330036003300360039003500330035000000</w:data>
</xml><![endif]--><!--[if supportFields]><span style='mso-no-proof:yes'><span
style='mso-element:field-end'></span></span><![endif]--></P>
<P>ARTICLE IV</P>
<P>DISABILITY BENEFITS</P>
<P><A NAME="_Hlt41205749"></A>How is disability
defined?.................................................................................................................<!--[if supportFields]><span style='mso-bookmark:
_Hlt41205749'></span><span style='mso-element:field-begin'></span><span
style='mso-bookmark:_Hlt41205749'><span style='mso-no-proof:yes'> PAGEREF
_Toc36369536 \h <span style='mso-element:field-separator'></span></span></span><![endif]-->
24<!--[if gte mso 9]><xml>
 <w:data>08D0C9EA79F9BACE118C8200AA004BA90B02000000080000000D0000005F0054006F006300330036003300360039003500330036000000</w:data>
</xml><![endif]--><!--[if supportFields]><span style='mso-bookmark:
_Hlt41205749'></span><span style='mso-element:field-end'></span><![endif]--></P>
<P>What happens if I become
disabled?................................................................................................<!--[if supportFields]><span
style='mso-no-proof:yes'><span style='mso-element:field-begin'></span> PAGEREF
_Toc36369537 \h <span style='mso-element:field-separator'></span></span><![endif]-->
25<!--[if gte mso 9]><xml>
 <w:data>08D0C9EA79F9BACE118C8200AA004BA90B02000000080000000D0000005F0054006F006300330036003300360039003500330037000000</w:data>
</xml><![endif]--><!--[if supportFields]><span style='mso-no-proof:yes'><span
style='mso-element:field-end'></span></span><![endif]--></P>
<P>ARTICLE V</P>
<P>FORM OF BENEFIT PAYMENT</P>
<P>How will my benefits be
paid?..........................................................................................................<!--[if supportFields]><span
style='mso-no-proof:yes'><span style='mso-element:field-begin'></span> PAGEREF
_Toc36369538 \h <span style='mso-element:field-separator'></span></span><![endif]-->
25<!--[if gte mso 9]><xml>
 <w:data>08D0C9EA79F9BACE118C8200AA004BA90B02000000080000000D0000005F0054006F006300330036003300360039003500330038000000</w:data>
</xml><![endif]--><!--[if supportFields]><span style='mso-no-proof:yes'><span
style='mso-element:field-end'></span></span><![endif]--></P>
<P>May I delay the receipt of
benefits?..................................................................................................<!--[if supportFields]><span
style='mso-no-proof:yes'><span style='mso-element:field-begin'></span> PAGEREF
_Toc36369539 \h <span style='mso-element:field-separator'></span></span><![endif]-->
25<!--[if gte mso 9]><xml>
 <w:data>08D0C9EA79F9BACE118C8200AA004BA90B02000000080000000D0000005F0054006F006300330036003300360039003500330039000000</w:data>
</xml><![endif]--><!--[if supportFields]><span style='mso-no-proof:yes'><span
style='mso-element:field-end'></span></span><![endif]--></P>
<P>ARTICLE VI</P>
<P>DEATH BENEFITS</P>
<P>What happens if I die while working for the
Employer?.....................................................................<!--[if supportFields]><span
style='mso-no-proof:yes'><span style='mso-element:field-begin'></span> PAGEREF
_Toc36369540 \h <span style='mso-element:field-separator'></span></span><![endif]-->
26<!--[if gte mso 9]><xml>
 <w:data>08D0C9EA79F9BACE118C8200AA004BA90B02000000080000000D0000005F0054006F006300330036003300360039003500340030000000</w:data>
</xml><![endif]--><!--[if supportFields]><span style='mso-no-proof:yes'><span
style='mso-element:field-end'></span></span><![endif]--></P>
<P>Who is the beneficiary of my death
benefit?......................................................................................<!--[if supportFields]><span
style='mso-no-proof:yes'><span style='mso-element:field-begin'></span> PAGEREF
_Toc36369541 \h <span style='mso-element:field-separator'></span></span><![endif]-->
26<!--[if gte mso 9]><xml>
 <w:data>08D0C9EA79F9BACE118C8200AA004BA90B02000000080000000D0000005F0054006F006300330036003300360039003500340031000000</w:data>
</xml><![endif]--><!--[if supportFields]><span style='mso-no-proof:yes'><span
style='mso-element:field-end'></span></span><![endif]--></P>
<P>How will the death benefit be paid to my
beneficiary?.......................................................................<!--[if supportFields]><span
style='mso-no-proof:yes'><span style='mso-element:field-begin'></span> PAGEREF
_Toc36369542 \h <span style='mso-element:field-separator'></span></span><![endif]-->
26<!--[if gte mso 9]><xml>
 <w:data>08D0C9EA79F9BACE118C8200AA004BA90B02000000080000000D0000005F0054006F006300330036003300360039003500340032000000</w:data>
</xml><![endif]--><!--[if supportFields]><span style='mso-no-proof:yes'><span
style='mso-element:field-end'></span></span><![endif]--></P>
<P>When must the last payment be made to my
beneficiary?..................................................................<!--[if supportFields]><span
style='mso-no-proof:yes'><span style='mso-element:field-begin'></span> PAGEREF
_Toc36369543 \h <span style='mso-element:field-separator'></span></span><![endif]-->
26<!--[if gte mso 9]><xml>
 <w:data>08D0C9EA79F9BACE118C8200AA004BA90B02000000080000000D0000005F0054006F006300330036003300360039003500340033000000</w:data>
</xml><![endif]--><!--[if supportFields]><span style='mso-no-proof:yes'><span
style='mso-element:field-end'></span></span><![endif]--></P>
<P>What happens if I'm a participant, terminate employment, and die
before receiving all my benefits?....<!--[if supportFields]><span
style='mso-no-proof:yes'><span style='mso-element:field-begin'></span> PAGEREF
_Toc36369544 \h <span style='mso-element:field-separator'></span></span><![endif]-->
27<!--[if gte mso 9]><xml>
 <w:data>08D0C9EA79F9BACE118C8200AA004BA90B02000000080000000D0000005F0054006F006300330036003300360039003500340034000000</w:data>
</xml><![endif]--><!--[if supportFields]><span style='mso-no-proof:yes'><span
style='mso-element:field-end'></span></span><![endif]--></P>
<P>ARTICLE VII</P>
<P>IN&nbsp;SERVICE DISTRIBUTIONS</P>
<P>Can I withdraw money from my account while
working?...................................................................<!--[if supportFields]><span
style='mso-no-proof:yes'><span style='mso-element:field-begin'></span> PAGEREF
_Toc36369545 \h <span style='mso-element:field-separator'></span></span><![endif]-->
27<!--[if gte mso 9]><xml>
 <w:data>08D0C9EA79F9BACE118C8200AA004BA90B02000000080000000D0000005F0054006F006300330036003300360039003500340035000000</w:data>
</xml><![endif]--><!--[if supportFields]><span style='mso-no-proof:yes'><span
style='mso-element:field-end'></span></span><![endif]--></P>
<P>Can I withdraw money from my account in the event of financial
hardship?........................................<!--[if supportFields]><span
style='mso-no-proof:yes'><span style='mso-element:field-begin'></span> PAGEREF
_Toc36369546 \h <span style='mso-element:field-separator'></span></span><![endif]-->
27<!--[if gte mso 9]><xml>
 <w:data>08D0C9EA79F9BACE118C8200AA004BA90B02000000080000000D0000005F0054006F006300330036003300360039003500340036000000</w:data>
</xml><![endif]--><!--[if supportFields]><span style='mso-no-proof:yes'><span
style='mso-element:field-end'></span></span><![endif]--></P>
<P>ARTICLE VIII</P>
<P>TAX TREATMENT OF DISTRIBUTIONS</P>
<P>What are my tax consequences when I receive a distribution from
the Plan?......................................<!--[if supportFields]><span
style='mso-no-proof:yes'><span style='mso-element:field-begin'></span> PAGEREF
_Toc36369547 \h <span style='mso-element:field-separator'></span></span><![endif]-->
29<!--[if gte mso 9]><xml>
 <w:data>08D0C9EA79F9BACE118C8200AA004BA90B02000000080000000D0000005F0054006F006300330036003300360039003500340037000000</w:data>
</xml><![endif]--><!--[if supportFields]><span style='mso-no-proof:yes'><span
style='mso-element:field-end'></span></span><![endif]--></P>
<P>Can I reduce or defer tax on my
distribution?...................................................................................<!--[if supportFields]><span
style='mso-no-proof:yes'><span style='mso-element:field-begin'></span> PAGEREF
_Toc36369548 \h <span style='mso-element:field-separator'></span></span><![endif]-->
29<!--[if gte mso 9]><xml>
 <w:data>08D0C9EA79F9BACE118C8200AA004BA90B02000000080000000D0000005F0054006F006300330036003300360039003500340038000000</w:data>
</xml><![endif]--><!--[if supportFields]><span style='mso-no-proof:yes'><span
style='mso-element:field-end'></span></span><![endif]--></P>
<P>ARTICLE IX</P>
<P>HOURS OF SERVICE</P>
<P>What is an Hour of
Service?............................................................................................................<!--[if supportFields]><span
style='mso-no-proof:yes'><span style='mso-element:field-begin'></span> PAGEREF
_Toc36369549 \h <span style='mso-element:field-separator'></span></span><![endif]-->
30<!--[if gte mso 9]><xml>
 <w:data>08D0C9EA79F9BACE118C8200AA004BA90B02000000080000000D0000005F0054006F006300330036003300360039003500340039000000</w:data>
</xml><![endif]--><!--[if supportFields]><span style='mso-no-proof:yes'><span
style='mso-element:field-end'></span></span><![endif]--></P>
<P>How are Hours of Service
credited?................................................................................................<!--[if supportFields]><span
style='mso-no-proof:yes'><span style='mso-element:field-begin'></span> PAGEREF
_Toc36369550 \h <span style='mso-element:field-separator'></span></span><![endif]-->
30<!--[if gte mso 9]><xml>
 <w:data>08D0C9EA79F9BACE118C8200AA004BA90B02000000080000000D0000005F0054006F006300330036003300360039003500350030000000</w:data>
</xml><![endif]--><!--[if supportFields]><span style='mso-no-proof:yes'><span
style='mso-element:field-end'></span></span><![endif]--></P>
<P>ARTICLE X</P>
<P>LOANS</P>
<P>May I borrow money from the
Plan?................................................................................................<!--[if supportFields]><span
style='mso-no-proof:yes'><span style='mso-element:field-begin'></span> PAGEREF
_Toc36369551 \h <span style='mso-element:field-separator'></span></span><![endif]-->
30<!--[if gte mso 9]><xml>
 <w:data>08D0C9EA79F9BACE118C8200AA004BA90B02000000080000000D0000005F0054006F006300330036003300360039003500350031000000</w:data>
</xml><![endif]--><!--[if supportFields]><span style='mso-no-proof:yes'><span
style='mso-element:field-end'></span></span><![endif]--></P>
<P>What are the loan rules and
requirements?........................................................................................<!--[if supportFields]><span
style='mso-no-proof:yes'><span style='mso-element:field-begin'></span> PAGEREF
_Toc36369552 \h <span style='mso-element:field-separator'></span></span><![endif]-->
30<!--[if gte mso 9]><xml>
 <w:data>08D0C9EA79F9BACE118C8200AA004BA90B02000000080000000D0000005F0054006F006300330036003300360039003500350032000000</w:data>
</xml><![endif]--><!--[if supportFields]><span style='mso-no-proof:yes'><span
style='mso-element:field-end'></span></span><![endif]--></P>
<P>ARTICLE XI</P>
<P>YOUR PLAN'S TOP-HEAVY RULES</P>
<P>What is a top-heavy
plan?................................................................................................................<!--[if supportFields]><span
style='mso-no-proof:yes'><span style='mso-element:field-begin'></span> PAGEREF
_Toc36369553 \h <span style='mso-element:field-separator'></span></span><![endif]-->
30<!--[if gte mso 9]><xml>
 <w:data>08D0C9EA79F9BACE118C8200AA004BA90B02000000080000000D0000005F0054006F006300330036003300360039003500350033000000</w:data>
</xml><![endif]--><!--[if supportFields]><span style='mso-no-proof:yes'><span
style='mso-element:field-end'></span></span><![endif]--></P>
<P>What happens if the Plan becomes
top-heavy?.................................................................................<!--[if supportFields]><span
style='mso-no-proof:yes'><span style='mso-element:field-begin'></span> PAGEREF
_Toc36369554 \h <span style='mso-element:field-separator'></span></span><![endif]-->
31<!--[if gte mso 9]><xml>
 <w:data>08D0C9EA79F9BACE118C8200AA004BA90B02000000080000000D0000005F0054006F006300330036003300360039003500350034000000</w:data>
</xml><![endif]--><!--[if supportFields]><span style='mso-no-proof:yes'><span
style='mso-element:field-end'></span></span><![endif]--></P>
<P>ARTICLE XII</P>
<P>PROTECTED BENEFITS AND CLAIMS PROCEDURES</P>
<P>Is my benefit
protected?...................................................................................................................<!--[if supportFields]><span
style='mso-no-proof:yes'><span style='mso-element:field-begin'></span> PAGEREF
_Toc36369555 \h <span style='mso-element:field-separator'></span></span><![endif]-->
31<!--[if gte mso 9]><xml>
 <w:data>08D0C9EA79F9BACE118C8200AA004BA90B02000000080000000D0000005F0054006F006300330036003300360039003500350035000000</w:data>
</xml><![endif]--><!--[if supportFields]><span style='mso-no-proof:yes'><span
style='mso-element:field-end'></span></span><![endif]--></P>
<P>Are there any exceptions to the general
rule?....................................................................................<!--[if supportFields]><span
style='mso-no-proof:yes'><span style='mso-element:field-begin'></span> PAGEREF
_Toc36369556 \h <span style='mso-element:field-separator'></span></span><![endif]-->
31<!--[if gte mso 9]><xml>
 <w:data>08D0C9EA79F9BACE118C8200AA004BA90B02000000080000000D0000005F0054006F006300330036003300360039003500350036000000</w:data>
</xml><![endif]--><!--[if supportFields]><span style='mso-no-proof:yes'><span
style='mso-element:field-end'></span></span><![endif]--></P>
<P>Can the Plan be
amended?...............................................................................................................<!--[if supportFields]><span
style='mso-no-proof:yes'><span style='mso-element:field-begin'></span> PAGEREF
_Toc36369557 \h <span style='mso-element:field-separator'></span></span><![endif]-->
32<!--[if gte mso 9]><xml>
 <w:data>08D0C9EA79F9BACE118C8200AA004BA90B02000000080000000D0000005F0054006F006300330036003300360039003500350037000000</w:data>
</xml><![endif]--><!--[if supportFields]><span style='mso-no-proof:yes'><span
style='mso-element:field-end'></span></span><![endif]--></P>
<P>What happens if the Plan is discontinued or
terminated?....................................................................<!--[if supportFields]><span
style='mso-no-proof:yes'><span style='mso-element:field-begin'></span> PAGEREF
_Toc36369558 \h <span style='mso-element:field-separator'></span></span><![endif]-->
32<!--[if gte mso 9]><xml>
 <w:data>08D0C9EA79F9BACE118C8200AA004BA90B02000000080000000D0000005F0054006F006300330036003300360039003500350038000000</w:data>
</xml><![endif]--><!--[if supportFields]><span style='mso-no-proof:yes'><span
style='mso-element:field-end'></span></span><![endif]--></P>
<P>How do I submit a claim for Plan
benefits?.......................................................................................<!--[if supportFields]><span
style='mso-no-proof:yes'><span style='mso-element:field-begin'></span> PAGEREF
_Toc36369559 \h <span style='mso-element:field-separator'></span></span><![endif]-->
32<!--[if gte mso 9]><xml>
 <w:data>08D0C9EA79F9BACE118C8200AA004BA90B02000000080000000D0000005F0054006F006300330036003300360039003500350039000000</w:data>
</xml><![endif]--><!--[if supportFields]><span style='mso-no-proof:yes'><span
style='mso-element:field-end'></span></span><![endif]--></P>
<P>What if my benefits are
denied?........................................................................................................<!--[if supportFields]><span
style='mso-no-proof:yes'><span style='mso-element:field-begin'></span> PAGEREF
_Toc36369560 \h <span style='mso-element:field-separator'></span></span><![endif]-->
32<!--[if gte mso 9]><xml>
 <w:data>08D0C9EA79F9BACE118C8200AA004BA90B02000000080000000D0000005F0054006F006300330036003300360039003500360030000000</w:data>
</xml><![endif]--><!--[if supportFields]><span style='mso-no-proof:yes'><span
style='mso-element:field-end'></span></span><![endif]--></P>
<P>What is the Claims Review
Procedure?............................................................................................<!--[if supportFields]><span
style='mso-no-proof:yes'><span style='mso-element:field-begin'></span> PAGEREF
_Toc36369561 \h <span style='mso-element:field-separator'></span></span><![endif]-->
34<!--[if gte mso 9]><xml>
 <w:data>08D0C9EA79F9BACE118C8200AA004BA90B02000000080000000D0000005F0054006F006300330036003300360039003500360031000000</w:data>
</xml><![endif]--><!--[if supportFields]><span style='mso-no-proof:yes'><span
style='mso-element:field-end'></span></span><![endif]--></P>
<P>What are my rights as a Plan
participant?..........................................................................................<!--[if supportFields]><span
style='mso-no-proof:yes'><span style='mso-element:field-begin'></span> PAGEREF
_Toc36369562 \h <span style='mso-element:field-separator'></span></span><![endif]-->
35<!--[if gte mso 9]><xml>
 <w:data>08D0C9EA79F9BACE118C8200AA004BA90B02000000080000000D0000005F0054006F006300330036003300360039003500360032000000</w:data>
</xml><![endif]--><!--[if supportFields]><span style='mso-no-proof:yes'><span
style='mso-element:field-end'></span></span><![endif]--></P>
<P>What can I do if I have questions or my rights are
violated?..............................................................<!--[if supportFields]><span
style='mso-no-proof:yes'><span style='mso-element:field-begin'></span> PAGEREF
_Toc36369563 \h <span style='mso-element:field-separator'></span></span><![endif]-->
37<!--[if gte mso 9]><xml>
 <w:data>08D0C9EA79F9BACE118C8200AA004BA90B02000000080000000D0000005F0054006F006300330036003300360039003500360033000000</w:data>
</xml><![endif]--><!--[if supportFields]><span style='mso-no-proof:yes'><span
style='mso-element:field-end'></span></span><![endif]--></P>
<P>ARTICLE XIII</P>
<P>GENERAL INFORMATION ABOUT THE PLAN</P>
<P>General Plan
Information..................................................................................................................<!--[if supportFields]><span
style='mso-no-proof:yes'><span style='mso-element:field-begin'></span> PAGEREF
_Toc36369564 \h <span style='mso-element:field-separator'></span></span><![endif]-->
37<!--[if gte mso 9]><xml>
 <w:data>08D0C9EA79F9BACE118C8200AA004BA90B02000000080000000D0000005F0054006F006300330036003300360039003500360034000000</w:data>
</xml><![endif]--><!--[if supportFields]><span style='mso-no-proof:yes'><span
style='mso-element:field-end'></span></span><![endif]--></P>
<P>Employer
Information......................................................................................................................<!--[if supportFields]><span
style='mso-no-proof:yes'><span style='mso-element:field-begin'></span> PAGEREF
_Toc36369565 \h <span style='mso-element:field-separator'></span></span><![endif]-->
38<!--[if gte mso 9]><xml>
 <w:data>08D0C9EA79F9BACE118C8200AA004BA90B02000000080000000D0000005F0054006F006300330036003300360039003500360035000000</w:data>
</xml><![endif]--><!--[if supportFields]><span style='mso-no-proof:yes'><span
style='mso-element:field-end'></span></span><![endif]--></P>
<P>Administrator
Information................................................................................................................<!--[if supportFields]><span
style='mso-no-proof:yes'><span style='mso-element:field-begin'></span> PAGEREF
_Toc36369566 \h <span style='mso-element:field-separator'></span></span><![endif]-->
38<!--[if gte mso 9]><xml>
 <w:data>08D0C9EA79F9BACE118C8200AA004BA90B02000000080000000D0000005F0054006F006300330036003300360039003500360036000000</w:data>
</xml><![endif]--><!--[if supportFields]><span style='mso-no-proof:yes'><span
style='mso-element:field-end'></span></span><![endif]--></P>
<P>Trustee
Information..........................................................................................................................<!--[if supportFields]><span
style='mso-no-proof:yes'><span style='mso-element:field-begin'></span> PAGEREF
_Toc36369567 \h <span style='mso-element:field-separator'></span></span><![endif]-->
38<!--[if gte mso 9]><xml>
 <w:data>08D0C9EA79F9BACE118C8200AA004BA90B02000000080000000D0000005F0054006F006300330036003300360039003500360037000000</w:data>
</xml><![endif]--><!--[if supportFields]><span style='mso-no-proof:yes'><span
style='mso-element:field-end'></span></span><![endif]--></P>
<P STYLE="margin-top: 0.42cm; page-break-after: avoid"><!--[if supportFields]><span style='text-transform:
uppercase'><span style='mso-element:field-end'></span></span><![endif]-->&nbsp;</P>
<P><!--EndFragment--><BR><BR>
</P>
<P ALIGN=CENTER STYLE="margin-bottom: 0cm"><BR>
</P>
<P ALIGN=CENTER STYLE="margin-bottom: 0cm"><B>&lt;00Q7&gt;LEESON
ELECTRIC 401(K) PLAN&lt;\00Q7&gt;</B></P>
<P STYLE="margin-bottom: 0cm; widows: 0; orphans: 0"><FONT FACE="Times, serif">****F5000H
2.0 UNMODIFIED</FONT></P>
<P ALIGN=CENTER STYLE="margin-bottom: 0cm"><B>SUMMARY PLAN
DESCRIPTION</B></P>
<P STYLE="margin-bottom: 0cm; widows: 0; orphans: 0"><FONT FACE="Times, serif">****F5000I
2.0 UNMODIFIED</FONT></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
&lt;R01&gt;&lt;R09&gt;</P>
<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>INTRODUCTION TO YOUR PLAN</B></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F5013y 3.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">&lt;00Bg&gt;LEESON
Electric 401(k)
Plan&lt;\00Bg&gt;&lt;00NU&gt;&lt;\00NU&gt;&lt;00df&gt;&lt;\00df&gt;&lt;00dg&gt;&lt;\00dg&gt;&lt;00dh&gt;&lt;\00dh&gt;
(&quot;Plan&quot;) has been adopted to provide you with the
opportunity to save for retirement&lt;00lA&gt; on a tax-deferred
basis&lt;\00lA&gt;. This Summary Plan Description (&quot;SPD&quot;)
contains valuable information regarding when you may become eligible
to participate in the Plan, your Plan benefits, your distribution
options, and many other features of the Plan. You should take the
time to read this SPD to get a better understanding of your rights
and obligations in the Plan.</P>
<P STYLE="margin-bottom: 0cm">****F5000K 3.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">We have attempted
to answer most of the questions you may have regarding your benefits
in the Plan. If this SPD does not answer all of your questions,
please contact the Administrator (or other Plan representative). The
Administrator has the complete power, in its sole discretion, to
determine all questions arising in connection with the
administration, interpretation, and application of the Plan (and any
related documents and underlying policies). Any such determination by
the Administrator shall be conclusive and binding upon all persons.
The name and address of the Administrator can be found in the Article
of this SPD entitled &quot;General Information About The Plan&quot;.</P>
<P STYLE="margin-bottom: 0cm">****F5000L 5.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">This SPD describes
the Plan's benefits and obligations as contained in the legal Plan
document, which governs the operation of the Plan. The Plan document
is written in much more technical and precise language. If the
non&nbsp;technical language in this SPD and the technical, legal
language of the Plan document conflict, the Plan document always
governs. If you wish to receive a copy of the legal Plan document,
please contact the Administrator.</P>
<P STYLE="margin-bottom: 0cm">****F5000M 3.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">This SPD describes
the current provisions of the Plan, which are designed to comply with
applicable legal requirements. The Plan is subject to federal laws,
such as the Employee Retirement Income Security Act (&quot;ERISA&quot;),
the Internal Revenue Code, and other federal and state laws that may
affect your rights. The provisions of the Plan are subject to
revision due to changes in laws or due to pronouncements by the
Internal Revenue Service (&quot;IRS&quot;) or Department of Labor
(&quot;DOL&quot;). We may also amend this Plan. If the provisions
under this SPD change as a result of changes to the Plan, we will
notify you.</P>
<P STYLE="margin-bottom: 0cm">****F5000N 2.0 UNMODIFIED</P>
<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>ARTICLE &lt;N01&gt;I&lt;\N01&gt;</B></P>
<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>PARTICIPATION IN THE PLAN</B></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F5000O 2.0 UNMODIFIED</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>Am I eligible to participate in the Plan?</B></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F5000P 5.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
&lt;00QA&gt;Provided you are not an Excluded Employee, you&lt;\00QA&gt;
are eligible to participate in the Plan once you satisfy the Plan's
eligibility conditions described in the next question. &lt;00h4&gt;Then,
you may elect to have your compensation reduced by a specific
percentage or dollar amount, and have that amount contributed to the
Plan as a salary deferral. You may also be entitled to contributions
from us.&lt;\00h4&gt;</P>
<P STYLE="margin-bottom: 0cm">****F5000R 2.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
If you are a member of a class of employees identified below, you are
an Excluded Employee for purposes of the Plan. The Excluded Employees
are:</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F5000S 2.0 UNMODIFIED</P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<FONT FACE="Symbol, serif">&#61623;</FONT> with respect to
&lt;00Qo&gt;salary deferrals, matching contributions, and profit
sharing contributions&lt;\00Qo&gt;, union employees whose employment
is governed by a collective bargaining agreement under which
retirement benefits were the subject of good faith bargaining, unless
such agreement expressly provides for participation in this Plan.</P>
<P STYLE="margin-bottom: 0cm">****F5000T 2.0 UNMODIFIED</P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<FONT FACE="Symbol, serif">&#61623;</FONT> with respect to
&lt;00Qp&gt;salary deferrals, matching contributions, and profit
sharing contributions&lt;\00Qp&gt;, certain nonresident aliens who
have no earned income from sources within the United States.</P>
<P STYLE="margin-bottom: 0cm">****F5000u 2.0 UNMODIFIED</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>When am I eligible to participate in the Plan?</B></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F5000v 5.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">&lt;00Qf&gt;Provided
you are not an Excluded Employee, you&lt;\00Qf&gt; will be eligible
to participate in the Plan &lt;00Qh&gt;once you satisfy the service
requirement described below&lt;\00Qh&gt;.</P>
<P STYLE="margin-bottom: 0cm">****F50010 4.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">The service
requirement for &lt;00bV&gt;salary deferrals, matching contributions,
and profit sharing contributions&lt;\00bV&gt; is<I> </I>&lt;00Qt&gt;6&lt;\00Qt&gt;<I>
</I>month(s) of service &lt;00yB&gt;during which you complete at
least 1 Hour(s) of Service. If you do not satisfy the Hour(s) of
Service requirement during your first 6 month(s) of service, you will
be eligible once you complete one Year of Service&lt;\00yB&gt;.</P>
<P STYLE="margin-bottom: 0cm">****F5009M 4.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">You will have
completed a Year of Service if, at the end of your first twelve
consecutive months of employment with us, you have been credited with
at least &lt;00RA&gt;1000&lt;\00RA&gt; Hour(s) of Service. If you
have not been credited with &lt;00RA&gt;1000&lt;\00RA&gt; Hour(s) of
Service by the end of your first twelve consecutive months of
employment, you will have completed a Year of Service &lt;00RB&gt;at
the end of any following Plan Year during which you are credited with
at least 1000 Hour(s) of Service&lt;\00RB&gt;.</P>
<P STYLE="margin-bottom: 0cm">****F5002b 5.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">You will actually
enter the Plan once you reach the entry date as described in the next
question.</P>
<P STYLE="margin-bottom: 0cm">****F5001L 2.0 UNMODIFIED</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>When is my entry date?</B></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F5013z 5.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid">
&lt;00RC&gt;Provided you are not an Excluded Employee, you&lt;\00RC&gt;
may begin participating in the Plan once you have satisfied the above
eligibility requirements and reached your entry date. The following
describes the specific entry date that applies in the Plan.</P>
<P STYLE="margin-bottom: 0cm">****F5106S 2.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">For &lt;00Vi&gt;salary
deferrals, matching contributions, and profit sharing
contributions&lt;\00Vi&gt;, your entry date is the first day of the
Plan Year quarter &lt;00Vj&gt;coinciding with or next
following&lt;\00Vj&gt; the date you meet the eligibility requirements
described above.</P>
<P STYLE="margin-bottom: 0cm">****F5109G 3.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">Special rules may
apply if you terminate employment and are then rehired. If you have
questions about the timing of your Plan participation, please contact
the Administrator.</P>
<P STYLE="margin-bottom: 0cm">****F5001Q 2.0 UNMODIFIED</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>Does all my service with the Employer count for purposes of Plan
eligibility?</B></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F5001R 2.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">In determining
whether you satisfy the service requirements for participation in the
Plan, all service you perform for us will generally be counted.
However, there are some exceptions to this general rule.</P>
<P STYLE="margin-bottom: 0cm">****F5001S 2.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm"><B>Break in
Service rules</B>. If you terminate employment and are rehired, you
may &quot;lose&quot; credit for prior service under the Plan's Break
in Service rules. For eligibility purposes, you will have a Break in
Service if you complete less than 501 Hours of Service during the
&lt;00iE&gt;Plan Year&lt;\00iE&gt;. However, if you are absent from
work for certain leaves of absence such as a maternity or paternity
leave, you may be credited with 501 Hours of Service to prevent a
Break in Service.</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
If you are a veteran and are reemployed under the Uniformed Services
Employment and Reemployment Rights Act of 1994, your qualified
military service may be considered service with us. If you may be
affected by this law, ask your Administrator for further details.</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">The Administrator
monitors the Break in Service rules and can provide you with
additional information on the effect of these rules. While these
eligibility Break in Service rules may delay you from participating
in the Plan, they will never cause you to lose any benefits to which
you have already become entitled.</P>
<P STYLE="margin-bottom: 0cm">****F5009E 2.0 UNMODIFIED</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>What happens if I'm a participant, terminate employment, and then
I'm rehired?</B></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F5009F 2.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
If you are no longer a participant because you terminated employment
and you are rehired, you will continue to participate in the Plan in
the same manner as if your termination had not occurred.</P>
<P STYLE="margin-bottom: 0cm">****F5009P 2.0 UNMODIFIED</P>
<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>ARTICLE &lt;N01&gt;II&lt;\N01&gt;</B></P>
<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>CONTRIBUTIONS</B></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F5009Q 2.0 UNMODIFIED</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>What kind of plan is this?</B></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F5009R 2.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
This Plan is a type of qualified retirement plan commonly referred to
as a 401(k) plan. As a participant in the Plan, you may elect to
reduce your compensation by a specific percentage or dollar amount
and have that amount contributed to the Plan on a pre&nbsp;tax basis
as a salary deferral. You generally are not taxed on your salary
deferrals until you withdraw those amounts from the Plan. &lt;00RP&gt;In
addition, we may make additional contributions to the Plan on your
behalf.&lt;\00RP&gt; This Article describes the types of
contributions that may be made to the Plan and how these monies will
be allocated to your account to provide for your retirement benefit.</P>
<P STYLE="margin-bottom: 0cm">****F5009S 2.0 UNMODIFIED</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>Do I have to contribute money to the Plan in order to participate?</B></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F5009T 2.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
No, you are not required to contribute any money in order to
participate in our Plan. &lt;00RR&gt;However, you may receive
additional amounts if you do contribute.&lt;\00RR&gt;</P>
<P STYLE="margin-bottom: 0cm">****F5009c 2.0 UNMODIFIED</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>How much may I contribute to the Plan?</B></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F5009d 5.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
&lt;00Rb&gt;You&lt;\00Rb&gt; may elect to defer &lt;00Rd&gt;at least
1% of your compensation per payroll period&lt;\00Rd&gt;&lt;00bi&gt;&lt;\00bi&gt;
instead of receiving that amount in cash.&lt;00cs&gt;&lt;\00cs&gt;
The amount you elect to defer, and any earnings on that amount, will
not be subject to income tax until it is actually distributed to you.
However, the amount you defer is counted as compensation for Social
Security taxes.</P>
<P STYLE="margin-bottom: 0cm; widows: 0; orphans: 0"><FONT FACE="Times, serif">****F5009h
5.0 UNMODIFIED</FONT></P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
The Administrator will allocate the amount you elect to
defer&lt;012o&gt;&lt;\012o&gt; to an account maintained on your
behalf. You will always be 100% vested in this account. This means
that you will always be entitled to all amounts that you defer. This
money will, however, be affected by any investment gains or losses.
If there is an investment gain, the balance in your account will
increase. If there is an investment loss, the balance in your account
will decrease.</P>
<P STYLE="margin-bottom: 0cm; widows: 0; orphans: 0"><FONT FACE="Times, serif">****F5100V
5.0 UNMODIFIED</FONT></P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">Your total
deferrals in any taxable year may not exceed a dollar limit that is
set by law. The limit is $11,000 (for 2002), $12,000 (for 2003),
$13,000 (for 2004), $14,000 (for 2005), and $15,000 (for 2006). This
limit may be increased after 2006 for cost&nbsp;of&nbsp;living
changes. The Plan Administrator will inform you each year of the
maximum amount that you may contribute as salary deferrals.</P>
<P STYLE="margin-bottom: 0cm">****F5009e 3.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">You should also be
aware that the annual dollar limit is an aggregate limit that applies
to all deferrals you may make under this Plan or other cash or
deferred arrangements (including tax&nbsp;sheltered 403(b) annuity
contracts, simplified employee pensions, or other 401(k) plans in
which you may be participating). Generally, if your total deferrals
under all cash or deferred arrangements for a calendar year exceed
the annual dollar limit, the excess must be included in your income
for the year. For this reason, it is desirable to request in writing
that these excess deferrals be returned to you. If you fail to
request such a return, you may be taxed a second time when the excess
deferral is ultimately distributed from the Plan.</P>
<P STYLE="margin-bottom: 0cm">****F5009f 5.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">If your deferrals
for a year exceed the limit described above, you must decide which
plan or arrangement you would like to have return the excess. If you
decide that the excess should be distributed from this Plan, you must
communicate this in writing to the Administrator no later than the
March 1st following the close of the calendar year in which such
excess deferrals were made. However, if the entire dollar limit is
exceeded in this Plan or any other plan we maintain, then you will be
deemed to have notified the Administrator of the excess. The
Administrator will then return the excess deferral and any earnings
to you by April 15th.</P>
<P STYLE="margin-bottom: 0cm">****F5009j 4.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">Distributions from
amounts attributable to your salary deferrals before you terminate
employment are permitted in the following circumstances:</P>
<P STYLE="margin-bottom: 0cm">****F5009k 2.0 UNMODIFIED</P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm"><FONT FACE="Symbol, serif">&#61623;</FONT>
upon your attainment of age &lt;00Ua&gt;59 1/2&lt;\00Ua&gt;. (See the
question &quot;Can I withdraw money from my account while working?&quot;
for more information on in-service withdrawals of your salary
deferrals.)</P>
<P STYLE="margin-bottom: 0cm">****F5009l 2.0 UNMODIFIED</P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm"><FONT FACE="Symbol, serif">&#61623;</FONT>
if you incur a proven financial hardship. (See the question &quot;Can
I withdraw money from my account in the event of financial hardship?&quot;
for more information on hardship withdrawals of your salary
deferrals.)</P>
<P STYLE="margin-bottom: 0cm">****F500Kt 5.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">If you wish to
make a withdrawal from your salary deferrals, you (and your spouse,
if you are married) must first waive the annuity form of payment.
(See the Article entitled &quot;Form of Benefit Payment&quot; for a
further explanation of how benefits are paid from the Plan.)</P>
<P STYLE="margin-bottom: 0cm">****F5009o 5.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">In the event you
receive a hardship distribution from your salary deferrals to this
Plan, you will not be allowed to make additional salary deferrals for
a period of &lt;012p&gt;six (6) months&lt;\012p&gt; after you receive
the distribution.&lt;012q&gt;&lt;\012q&gt;</P>
<P STYLE="margin-bottom: 0cm">****F5009p 5.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">&lt;00W7&gt;In
addition, if&lt;\00W7&gt; you are a highly compensated employee
(generally owners or individuals receiving wages in excess of certain
amounts established by law), a distribution from amounts attributable
to your salary deferrals of certain excess contributions may be
required to comply with the law.&lt;00Rf&gt;&lt;\00Rf&gt; The
Administrator will notify you when a distribution&lt;00Rg&gt;&lt;\00Rg&gt;
is required.</P>
<P STYLE="margin-bottom: 0cm">****F5009q 2.0 UNMODIFIED</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>How often can I modify the amount I contribute?</B></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F5009r 4.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
The amount you elect to &lt;00W8&gt;defer&lt;\00W8&gt; will be
deducted from your pay in accordance with a procedure established by
the Administrator. The procedure will require that you enter into a
written &lt;00W9&gt;salary deferral&lt;\00W9&gt; agreement
&lt;00WQ&gt;after you satisfy the Plan's eligibility
requirements&lt;\00WQ&gt;. You may elect to &lt;00W8&gt;defer&lt;\00W8&gt;
a portion of your salary as of &lt;00WR&gt;your entry date&lt;\00WR&gt;.
Such election will become effective as soon as is administratively
feasible after that date. Your election will remain in effect until
you modify or terminate it. You may modify your election as of the
date(s) indicated in the &lt;00W9&gt;salary deferral&lt;\00W9&gt;
agreement. The modification will become effective as soon as is
administratively feasible after that date. You are also permitted to
revoke your election as of the date(s) indicated in the &lt;00W9&gt;salary
deferral&lt;\00W9&gt; agreement.</P>
<P STYLE="margin-bottom: 0cm">****F5009t 2.0 UNMODIFIED</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>Will the Employer contribute to the Plan?</B></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F5009u 5.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">Each year, in
addition to your &lt;00WA&gt;salary deferrals&lt;\00WA&gt;&lt;00Rh&gt;&lt;\00Rh&gt;,
we may contribute to the Plan the following:</P>
<P STYLE="margin-bottom: 0cm">****F5009v 3.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm"><FONT FACE="Symbol, serif">&#61623;</FONT><I>
</I>matching contributions&lt;00dW&gt; (including qualified matching
contributions (QMACs))&lt;\00dW&gt;.</P>
<P STYLE="margin-bottom: 0cm">****F5009w 2.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm"><FONT FACE="Symbol, serif">&#61623;</FONT><I>
</I>profit sharing contributions.</P>
<P STYLE="margin-bottom: 0cm">****F5009z 2.0 UNMODIFIED</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>What is the Employer matching contribution?</B></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500A1 5.0 UNMODIFIED</P>
<P STYLE="margin-left: 0.02cm; text-indent: 1.25cm; margin-bottom: 0cm">
&lt;00Rq&gt;We&lt;\00Rq&gt; may make a matching contribution equal to
a discretionary percentage of your &lt;00WE&gt;salary
deferrals&lt;\00WE&gt;&lt;00WF&gt;&lt;\00WF&gt;&lt;00WG&gt;&lt;\00WG&gt;,
which percentage we will determine each year.&lt;00Rs&gt; Note that
this contribution will not take into consideration your contributions
that exceed a dollar amount or percentage of your compensation as
determined by us.&lt;\00Rs&gt;&lt;00Rt&gt;&lt;\00Rt&gt;&lt;00Rn&gt;&lt;\00Rn&gt;&lt;00Ro&gt;&lt;\00Ro&gt;</P>
<P STYLE="margin-bottom: 0cm">****F500AI 3.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">&lt;00fu&gt;The&lt;\00fu&gt;
Administrator will allocate to your account the matching contribution
made to the Plan on your behalf &lt;00Sa&gt;each payroll
period&lt;\00Sa&gt;.</P>
<P STYLE="margin-bottom: 0cm">****F500AJ 2.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">In addition to the
above, we may make &lt;00Sb&gt;a QMAC&lt;\00Sb&gt; equal to a fixed
percentage of your salary deferrals. In making this contribution, we
may limit the amount of your deferrals taken into consideration.
&lt;00Sc&gt;In addition, this contribution will be made to non-highly
compensated employees only.&lt;\00Sc&gt; You will share in this QMAC
if you make salary deferrals during the applicable period. &lt;00Sd&gt;You
will be automatically 100% vested in any QMACs we may make.&lt;\00Sd&gt;</P>
<P STYLE="margin-bottom: 0cm">****F500AM 3.0 UNMODIFIED</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>What is the Employer profit sharing contribution?</B></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500AN 3.0 UNMODIFIED</P>
<P STYLE="margin-left: 0.02cm; text-indent: 1.25cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
Our profit sharing contribution is discretionary, with the amount
being determined by us each year.</P>
<P STYLE="margin-bottom: 0cm">****F500Kw 5.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">&lt;012v&gt;The&lt;\012v&gt;
Administrator will allocate to your account the profit sharing
contribution made to the Plan on your behalf &lt;012w&gt;at the end
of the Plan Year&lt;\012w&gt;.</P>
<P STYLE="margin-bottom: 0cm">****F500AQ 2.0 UNMODIFIED</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>How will the Employer profit sharing contribution be allocated to
my account?</B></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500AR 2.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">Any profit sharing
contribution will be &quot;allocated&quot; or divided among
participants eligible to share in the contribution for the Plan Year.</P>
<P STYLE="margin-bottom: 0cm">****F500AS 3.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm; page-break-after: avoid">
In order to share in any profit sharing contribution,&lt;00rS&gt;&lt;\00rS&gt;
you must satisfy the following conditions:</P>
<P STYLE="margin-bottom: 0cm; page-break-after: avoid">****F500AU 5.0
UNMODIFIED</P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm"><FONT FACE="Symbol, serif">&#61623;</FONT>
You must be actively employed on the last day of the &lt;012y&gt;Plan
Year&lt;\012y&gt;.</P>
<P STYLE="margin-bottom: 0cm">****F500AX 5.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm"><B>Note</B> that
you will share in the profit sharing contribution for the year
regardless of the above in the year of your &lt;00Sq&gt;death,
disability, or retirement at or after Normal Retirement Age&lt;\00Sq&gt;.</P>
<P STYLE="margin-bottom: 0cm">****F500Aa 2.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
Your share of any discretionary profit sharing contribution is
determined by the following fraction:</P>
<CENTER>
	<TABLE WIDTH=572 CELLPADDING=5 CELLSPACING=0>
		<TR VALIGN=TOP>
			<TD WIDTH=259 HEIGHT=6>
				<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				<BR>
				</P>
			</TD>
			<TD COLSPAN=2 WIDTH=34>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				<BR>
				</P>
			</TD>
			<TD COLSPAN=4 WIDTH=249>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				<BR>
				</P>
			</TD>
		</TR>
		<TR VALIGN=TOP>
			<TD WIDTH=259>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				Profit Sharing Contribution</P>
			</TD>
			<TD COLSPAN=2 WIDTH=34>
				<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				X</P>
			</TD>
			<TD COLSPAN=2 WIDTH=240>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				Your Compensation</P>
			</TD>
			<TD COLSPAN=2>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
		</TR>
		<TR VALIGN=TOP>
			<TD COLSPAN=2 WIDTH=264>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				<BR>
				</P>
			</TD>
			<TD COLSPAN=2 WIDTH=34>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				<BR>
				</P>
			</TD>
			<TD COLSPAN=2 WIDTH=240>
				<P ALIGN=CENTER STYLE="margin-top: 0.07cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				Total Compensation of All</P>
			</TD>
			<TD>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
		</TR>
		<TR VALIGN=TOP>
			<TD WIDTH=259>
				<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				<BR>
				</P>
			</TD>
			<TD COLSPAN=2 WIDTH=34>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				<BR>
				</P>
			</TD>
			<TD COLSPAN=2 WIDTH=240>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				Participants Eligible to</P>
			</TD>
			<TD COLSPAN=2>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
		</TR>
		<TR VALIGN=TOP>
			<TD COLSPAN=2 WIDTH=264>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
			<TD COLSPAN=2 WIDTH=34>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-after: avoid">
				<BR>
				</P>
			</TD>
			<TD COLSPAN=2 WIDTH=240>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm">Share</P>
			</TD>
			<TD>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
		</TR>
	</TABLE>
</CENTER>
<P STYLE="margin-bottom: 0cm">****F500Ab 2.0 UNMODIFIED</P>
<P STYLE="margin-left: 2.54cm; margin-bottom: 0cm">For example:
Suppose the profit sharing contribution for the Plan Year is $20,000.
Employee A's compensation for the Plan Year is $25,000. The total
compensation of all participants eligible to share, including
Employee A, is $250,000. Employee A's share will be:</P>
<P STYLE="margin-bottom: 0cm">****F500Ac 2.0 UNMODIFIED</P>
<CENTER>
	<TABLE WIDTH=319 CELLPADDING=7 CELLSPACING=0>
		<TR VALIGN=TOP>
			<TD WIDTH=72>
				<P STYLE="margin-top: 0.07cm; margin-bottom: 0cm; page-break-after: avoid">
				<BR>
				</P>
			</TD>
			<TD WIDTH=15>
				<P STYLE="margin-top: 0.07cm; margin-bottom: 0cm; page-break-after: avoid">
				<BR>
				</P>
			</TD>
			<TD WIDTH=82>
				<P ALIGN=CENTER STYLE="margin-top: 0.07cm; margin-bottom: 0cm; page-break-after: avoid">
				<BR>
				</P>
			</TD>
			<TD WIDTH=24>
				<P STYLE="margin-top: 0.07cm; margin-bottom: 0cm; page-break-after: avoid">
				<BR>
				</P>
			</TD>
			<TD COLSPAN=2 WIDTH=55>
				<P STYLE="margin-top: 0.07cm; margin-bottom: 0cm; page-break-after: avoid">
				<BR>
				</P>
			</TD>
		</TR>
		<TR VALIGN=TOP>
			<TD WIDTH=72>
				<P STYLE="margin-top: 0.07cm; margin-bottom: 0cm; page-break-after: avoid">
				$20,000</P>
			</TD>
			<TD WIDTH=15>
				<P STYLE="margin-top: 0.07cm; margin-bottom: 0cm; page-break-after: avoid">
				X</P>
			</TD>
			<TD WIDTH=82>
				<P ALIGN=CENTER STYLE="margin-bottom: 0.07cm; page-break-after: avoid">
				$25,000</P>
			</TD>
			<TD WIDTH=24>
				<P STYLE="margin-top: 0.07cm; margin-bottom: 0cm; page-break-after: avoid">
				or</P>
			</TD>
			<TD WIDTH=53>
				<P STYLE="margin-top: 0.07cm; margin-bottom: 0cm; page-break-after: avoid">
				$2,000</P>
			</TD>
			<TD>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
		</TR>
		<TR VALIGN=TOP>
			<TD WIDTH=72>
				<P STYLE="margin-top: 0.07cm; margin-bottom: 0cm"><BR>
				</P>
			</TD>
			<TD WIDTH=15>
				<P STYLE="margin-top: 0.07cm; margin-bottom: 0cm"><BR>
				</P>
			</TD>
			<TD WIDTH=82>
				<P ALIGN=CENTER STYLE="margin-top: 0.07cm; margin-bottom: 0cm">$250,000</P>
			</TD>
			<TD WIDTH=24>
				<P STYLE="margin-top: 0.07cm; margin-bottom: 0cm"><BR>
				</P>
			</TD>
			<TD COLSPAN=2 WIDTH=55>
				<P STYLE="margin-top: 0.07cm; margin-bottom: 0cm"><BR>
				</P>
			</TD>
		</TR>
	</TABLE>
</CENTER>
<P STYLE="margin-bottom: 0cm">****F500Ax 2.0 UNMODIFIED</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>What compensation is used to determine my Plan benefits?</B></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500Ay 5.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">For purposes of
the Plan, compensation has a special meaning. Compensation is defined
as your total compensation paid to you and that is subject to income
tax. That is, all of your compensation paid to you by us during the
&lt;00ct&gt;Plan Year&lt;\00ct&gt;&lt;00T3&gt; that is reported on
your W-2 Form&lt;\00T3&gt;, including any salary deferrals you
make&lt;00WS&gt; to this Plan,&lt;\00WS&gt; to a Section 125
cafeteria plan, or to a Section 457 plan, and for qualified
transportation fringes. &lt;00T4&gt;However, the definition of
compensation will vary as described below.&lt;\00T4&gt;</P>
<P STYLE="margin-bottom: 0cm">****F500B2 2.0 UNMODIFIED</P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm"><FONT FACE="Symbol, serif">&#61623;</FONT>
For purposes of &lt;00TG&gt;profit sharing contributions&lt;\00TG&gt;,
bonuses will be excluded&lt;00TH&gt;&lt;\00TH&gt;.</P>
<P STYLE="margin-bottom: 0cm">****F500B4 2.0 UNMODIFIED</P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm"><FONT FACE="Symbol, serif">&#61623;</FONT>
For purposes of &lt;00TP&gt;profit sharing contributions&lt;\00TP&gt;,
&lt;00TQ&gt;Fringe pay and disability pay&lt;\00TQ&gt;&lt;00TH&gt;&lt;\00TH&gt;.</P>
<P STYLE="margin-bottom: 0cm">****F500B9 2.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">If you are a
self&nbsp;employed individual, your compensation will be equal to
your earned income.</P>
<P STYLE="margin-bottom: 0cm">****F500BA 5.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">Special rules
apply if you are only a participant in the Plan for a portion of the
period for which contributions are made. This will happen if, for any
reason, you begin participating in the Plan as of a date other than
the first day of that period. If this happens, your compensation will
be recognized only for the period in which you are actually a
participant in the Plan. This applies to these types of
contributions:</P>
<P STYLE="margin-bottom: 0cm">****F500BD 2.0 UNMODIFIED</P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm"><FONT FACE="Symbol, serif">&#61623;</FONT>
matching contributions.</P>
<P STYLE="margin-bottom: 0cm">****F500BE 2.0 UNMODIFIED</P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm"><FONT FACE="Symbol, serif">&#61623;</FONT>
profit sharing contributions.</P>
<P STYLE="margin-bottom: 0cm">****F500BG 5.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">For
&lt;00Td&gt;certain&lt;\00Td&gt; purposes, your compensation will be
recognized for the entire Plan Year, even if you are not a
participant for the entire Plan Year.</P>
<P STYLE="margin-bottom: 0cm">****F500BH 2.0 UNMODIFIED</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>Is there a limit on the amount of compensation that can be
considered?</B></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500BI 2.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
The Plan, by law, cannot recognize annual compensation in excess of
$200,000. This amount may be adjusted after 2002 for cost&nbsp;of&nbsp;living
increases.</P>
<P STYLE="margin-bottom: 0cm">****F500BJ 2.0 UNMODIFIED</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>Are there limits on how much can be contributed to my account each
year?</B></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500BK 3.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
Generally, the law imposes a maximum limit on the amount of
contributions you may receive in the Plan. This limit applies to all
contributions we make on your behalf, all contributions you make to
the Plan, and any other amounts allocated to any of your accounts
during the Plan Year (such as forfeitures), excluding earnings.
Beginning in 2002, this total cannot exceed the lesser of $40,000 or
100% of your annual compensation. The dollar limit may be adjusted
after 2002 for cost-of-living increases.</P>
<P STYLE="margin-bottom: 0cm">****F500BT 2.0 UNMODIFIED</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>May I &quot;roll over&quot; payments from other retirement plans
or IRAs?</B></P>
<P STYLE="margin-bottom: 0cm">****F500BU 2.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">At the discretion
of the Administrator, you may be permitted to deposit into the Plan
distributions you have received from other plans and certain IRAs.
Such a deposit is called a &quot;rollover&quot; and may result in tax
savings to you. You may ask your prior plan administrator or trustee
to directly transfer (a &quot;direct rollover&quot;) to this Plan all
or a portion of any amount that you are entitled to receive as a
distribution from a prior plan. Alternatively, if you received a
distribution from a prior plan, you may elect to deposit any amount
eligible for rollover within 60 days of your receipt of the
distribution. You should consult qualified counsel to determine if a
rollover is permitted and in your best interest.</P>
<P STYLE="margin-bottom: 0cm">****F500BV 2.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">Your rollover will
be placed in a separate account called a &quot;rollover account.&quot;
You will always be 100% vested in your rollover account. This means
that you will always be entitled to all of your rollover
contributions. Rollover contributions will be affected by any
investment gains or losses.</P>
<P STYLE="margin-bottom: 0cm">****F500BW 2.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">You may withdraw
the amounts in your &quot;rollover account&quot; at any time.</P>
<P STYLE="margin-bottom: 0cm">****F500BX 2.0 UNMODIFIED</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>How is the money in the Plan invested?</B></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500Ba 2.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">You will be able
to direct the investment of &lt;00Tj&gt;certain portions of&lt;\00Tj&gt;
your interest in the Plan. We have established participant direction
procedures setting forth investment choices available to you, the
frequency with which you can change your investment choices, and
instructions on how you can obtain other important information on
directed investments available from the Administrator. You should
request a copy of these procedures from the Administrator. You need
to follow these procedures when you direct investments. You should
review the information in these procedures carefully before you give
investment directions. In addition, the procedures indicate how you
can obtain other important information available from the
Administrator on directed investments.</P>
<P STYLE="margin-bottom: 0cm">****F500Bb 5.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">The Plan is
intended to comply with Section 404(c) of ERISA. If the Plan complies
with this Section, then the fiduciaries of the Plan, including the
Employer, the Trustee, and the Administrator, will be relieved of any
legal liability for any losses that are the direct and necessary
result of the investment directions that you give. The procedures
discussed above must be followed in giving investment directions. If
you fail to do so, then your investment directions need not be
followed. You are not required to direct investments. If you choose
not to direct investments, then the &lt;00Ti&gt;Trustee&lt;\00Ti&gt;
is responsible for investing your accounts in a prudent manner.</P>
<P STYLE="margin-bottom: 0cm">****F500Bc 2.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">When you direct
investments, your accounts are segregated for purposes of determining
the earnings or losses on these investments. Your account does not
share in the investment performance for other participants who have
directed their own investments.</P>
<P STYLE="margin-bottom: 0cm">****F500Bd 2.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">You should
remember that the amount of your benefits in the Plan will depend in
part upon your choice of investments. Gains as well as losses can
occur. There are no guarantees of performance. The Employer, the
Administrator, and the Trustee will not provide investment advice or
guarantee the performance of any investment you choose.</P>
<P STYLE="margin-bottom: 0cm">****F500Bg 2.0 UNMODIFIED</P>
<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>ARTICLE &lt;N01&gt;III&lt;\N01&gt;</B></P>
<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>RETIREMENT BENEFITS</B></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500Bh 2.0 UNMODIFIED</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>What benefits will I receive at normal retirement?</B></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500Bi 2.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
You will be entitled to all of your account balances at your Normal
Retirement Age. However, the actual payment of your benefits may
generally not &lt;00Tl&gt;occur&lt;\00Tl&gt; until your actual
retirement. In such event, a distribution will be made, at your
election, as soon as is administratively feasible. If you continue
working after your Normal Retirement Age, you may generally defer
receipt of your benefits until your Late Retirement Date.</P>
<P STYLE="margin-bottom: 0cm">****F500Bj 2.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">You will attain
your Normal Retirement Age when you attain age
&lt;00Tm&gt;65&lt;\00Tm&gt;&lt;006U&gt;&lt;\006U&gt;&lt;00Tn&gt;&lt;\00Tn&gt;.
Your Late Retirement Date is the date you choose to retire after
first having reached your Normal Retirement Age.</P>
<P STYLE="margin-bottom: 0cm">****F500Bo 2.0 UNMODIFIED</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>What happens if I leave the Employer's workforce before I retire?</B></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500Bp 5.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">This Plan is
designed to encourage you to stay with us until retirement. However,
if you terminate your employment with us before your retirement date
and the value of your vested benefit &lt;00sZ&gt;(excluding, for
distributions amounts attributable to rollovers)&lt;\00sZ&gt; is
$5,000 or less, &lt;00sa&gt;a&lt;\00sa&gt; distribution will be made
to you in a lump sum within a reasonable time after &lt;00Tv&gt;you
terminate employment&lt;\00Tv&gt;. (See the question in Article&nbsp;V
&quot;How will my benefits be paid?&quot; for a further explanation
of how benefits are paid from the Plan.)</P>
<P STYLE="margin-bottom: 0cm">****F500Bq 3.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">If you terminate
your employment with us before your retirement date and the value of
your vested benefit &lt;00sZ&gt;(excluding, for distributions amounts
attributable to rollovers)&lt;\00sZ&gt; is more than $5,000,
&lt;00sa&gt;a&lt;\00sa&gt; distribution will be made to you within a
reasonable time after &lt;00Tx&gt;you terminate employment&lt;\00Tx&gt;.
In this case, however, you&lt;00Ty&gt;&lt;\00Ty&gt; must consent to
the distribution.</P>
<P STYLE="margin-bottom: 0cm">****F500Br 4.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">If your employment
terminates for reasons other than &lt;00U2&gt;death, disability, or
retirement&lt;\00U2&gt;, you will be entitled to receive only your
&quot;vested percentage&quot; of your account balance. (See the next
question &quot;What is my vested interest in my account?&quot; for
more information.)</P>
<P STYLE="margin-bottom: 0cm">****F500Bs 2.0 UNMODIFIED</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>What is my vested interest in my account?</B></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500Bt 3.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">You are always
100% vested in (meaning you are entitled to all of the amounts in)
your account attributable to your&lt;00VU&gt; salary
deferrals&lt;\00VU&gt;&lt;00U3&gt;, as well as in the
following:&lt;\00U3&gt;</P>
<P STYLE="margin-bottom: 0cm">****F500Bv 2.0 UNMODIFIED</P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<FONT FACE="Symbol, serif">&#61623;</FONT> your own rollover
contributions.</P>
<P STYLE="margin-bottom: 0cm">****F500C2 2.0 UNMODIFIED</P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm"><FONT FACE="Symbol, serif">&#61623;</FONT>
QMAC contributions.</P>
<P STYLE="margin-bottom: 0cm">****F50140 4.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">&lt;00sb&gt;Effective
The vesting schedules selected under Part 6 of this Agreement are
effective: for employees hired after December 1, 2002. Employee hired
on or before December 1, 2002 will receive 100% full and immediate
vesting in all employer contributions., your&lt;\00sb&gt; &quot;vested
percentage&quot; in your account &lt;00U4&gt;attributable to your
matching and profit sharing contributions&lt;\00U4&gt; is determined
under the following schedule&lt;00U5&gt;s&lt;\00U5&gt; and is based
on vesting Years of Service. This means your account balance at the
time you stop working that is attributable to those contributions is
multiplied by your vested percentage. The result is your vested
benefit, which, when added to the amounts that are always 100% vested
as shown above,<I> </I>is what you will actually receive from the
Plan. You will always, however, be 100% vested if you are employed on
or after your&lt;00lB&gt;&lt;\00lB&gt; Normal Retirement Age.</P>
<P STYLE="margin-bottom: 0cm">****F500C6 2.0 UNMODIFIED</P>
<CENTER>
	<TABLE WIDTH=427 BORDER=0 CELLPADDING=7 CELLSPACING=0>
		<TR VALIGN=TOP>
			<TH>
				<P><BR>
				</P>
			</TH>
			<TD COLSPAN=3 WIDTH=289>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				Vesting Schedule</P>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				Profit Sharing Contributions</P>
			</TD>
			<TD WIDTH=103>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
		</TR>
		<TR VALIGN=TOP>
			<TD COLSPAN=2 WIDTH=159>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				Years of Service</P>
			</TD>
			<TD WIDTH=63>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				<BR>
				</P>
			</TD>
			<TD COLSPAN=2 WIDTH=164>
				<P ALIGN=CENTER STYLE="margin-left: 0.76cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				Percentage</P>
			</TD>
		</TR>
	</TABLE>
</CENTER>
<P STYLE="margin-bottom: 0cm">****F500C7 2.0 UNMODIFIED</P>
<CENTER>
	<TABLE WIDTH=434 BORDER=0 CELLPADDING=4 CELLSPACING=0>
		<TR VALIGN=TOP>
			<TD WIDTH=165>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				Less than 3</P>
			</TD>
			<TD WIDTH=60>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				<BR>
				</P>
			</TD>
			<TD WIDTH=50>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				<BR>
				</P>
			</TD>
			<TD WIDTH=69>
				<P ALIGN=RIGHT STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				build.cRightJustifyPara;0%</P>
			</TD>
			<TD WIDTH=51>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				<BR>
				</P>
			</TD>
		</TR>
		<TR VALIGN=TOP>
			<TD WIDTH=165>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				3</P>
			</TD>
			<TD WIDTH=60>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				<BR>
				</P>
			</TD>
			<TD WIDTH=50>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				<BR>
				</P>
			</TD>
			<TD WIDTH=69>
				<P ALIGN=RIGHT STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				build.cRightJustifyPara;100%</P>
			</TD>
			<TD WIDTH=51>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				<BR>
				</P>
			</TD>
		</TR>
	</TABLE>
</CENTER>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F5107R 5.0 UNMODIFIED</P>
<CENTER>
	<TABLE WIDTH=427 BORDER=0 CELLPADDING=7 CELLSPACING=0>
		<TR VALIGN=TOP>
			<TH>
				<P><BR>
				</P>
			</TH>
			<TD COLSPAN=3 WIDTH=289>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				Vesting Schedule</P>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				Matching Contributions</P>
			</TD>
			<TD WIDTH=103>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
		</TR>
		<TR VALIGN=TOP>
			<TD COLSPAN=2 WIDTH=159>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				Years of Service</P>
			</TD>
			<TD WIDTH=63>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				<BR>
				</P>
			</TD>
			<TD COLSPAN=2 WIDTH=164>
				<P ALIGN=CENTER STYLE="margin-left: 0.76cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				Percentage</P>
			</TD>
		</TR>
	</TABLE>
</CENTER>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<BR>
</P>
<CENTER>
	<TABLE WIDTH=434 BORDER=0 CELLPADDING=4 CELLSPACING=0>
		<TR VALIGN=TOP>
			<TD WIDTH=165>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				Less than 3</P>
			</TD>
			<TD WIDTH=60>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				<BR>
				</P>
			</TD>
			<TD WIDTH=50>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				<BR>
				</P>
			</TD>
			<TD WIDTH=69>
				<P ALIGN=RIGHT STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				build.cRightJustifyPara;0%</P>
			</TD>
			<TD WIDTH=51>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				<BR>
				</P>
			</TD>
		</TR>
		<TR VALIGN=TOP>
			<TD WIDTH=165>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				3</P>
			</TD>
			<TD WIDTH=60>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				<BR>
				</P>
			</TD>
			<TD WIDTH=50>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				<BR>
				</P>
			</TD>
			<TD WIDTH=69>
				<P ALIGN=RIGHT STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				build.cRightJustifyPara;100%</P>
			</TD>
			<TD WIDTH=51>
				<P ALIGN=RIGHT STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				<BR>
				</P>
			</TD>
		</TR>
	</TABLE>
</CENTER>
<P STYLE="margin-bottom: 0cm">****F500CL 5.0 UNMODIFIED</P>
<P STYLE="margin-left: 0.02cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>How do I determine my Years of Service for vesting purposes?</B></P>
<P STYLE="margin-left: 0.02cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500CP 5.0 UNMODIFIED</P>
<P STYLE="margin-left: 0.02cm; text-indent: 1.27cm; margin-bottom: 0cm">
You will earn a Year of Service for each year you are employed by us,
beginning with your initial employment date, without regard to the
Hours of Service you complete during the year. The Plan contains
specific rules for crediting Years of Service for vesting purposes.
The Administrator will track your service and will credit you with
Years of Service in accordance with the terms of the Plan. If you
have any questions regarding your vesting service, you should contact
the Administrator.</P>
<P STYLE="margin-bottom: 0cm">****F500CQ 5.0 UNMODIFIED</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>Does all my service count for vesting purposes?</B></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500CR 5.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">In calculating
your vested percentage, all service you perform for
us&lt;00UG&gt;&lt;\00UG&gt;&lt;00UH&gt;&lt;\00UH&gt;&lt;00UI&gt;&lt;\00UI&gt;
will generally be counted. However, there are some exceptions to this
general rule.</P>
<P STYLE="margin-bottom: 0cm">****F500CV 5.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm"><B>Break in
Service rules.</B> If you terminate employment and are rehired, you
may &quot;lose&quot; credit for prior service under the Plan's Break
in Service rules. For vesting purposes, you will have a Break in
Service if you are not employed with us for a period of at least
twelve consecutive months. However, if you are absent from work for
certain leaves of absence such as a maternity or paternity leave, the
twelve-consecutive-month period beginning on the first anniversary of
the first day of such absence will not constitute a Break in Service.</P>
<P STYLE="margin-bottom: 0cm"><BR>
</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">The Administrator
monitors the Break in Service rules and can provide you with
additional information on the effect of these rules.</P>
<P STYLE="margin-bottom: 0cm">****F500CZ 5.0 UNMODIFIED</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>As a veteran, will my military service count as service with the
Employer?</B></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500Ca 5.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
If you are a veteran and are reemployed under the Uniformed Services
Employment and Reemployment Rights Act of 1994, your qualified
military service may be considered service with us. If you may be
affected by this law, ask your Administrator for further details.</P>
<P STYLE="margin-bottom: 0cm; widows: 0; orphans: 0"><FONT FACE="Times, serif">****F500Cb
4.0 UNMODIFIED</FONT></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>What happens to the non&nbsp;vested portion of a terminated
participant's account?</B></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500Cc 5.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
If you are not vested or are partially vested in your account balance
when you leave, the non&nbsp;vested portion of your account balance
will be forfeited on the earlier of:</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500Cd 5.0 UNMODIFIED</P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
(&lt;N03&gt;a&lt;\N03&gt;) the distribution of your entire vested
account balance, or</P>
<P STYLE="margin-bottom: 0cm">****F500Ce 5.0 UNMODIFIED</P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
(&lt;N03&gt;b&lt;\N03&gt;) your incurring five consecutive one-year
Breaks in Service.</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500Cg 5.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">Forfeitures of
matching contributions&lt;00UK&gt;&lt;\00UK&gt; are &lt;00sK&gt;used
to reduce the matching contribution&lt;\00sK&gt;<I>.</I></P>
<P STYLE="margin-bottom: 0cm">****F500Ch 5.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">Forfeitures of
profit sharing contributions&lt;00UK&gt;&lt;\00UK&gt; are &lt;00UQ&gt;used
to reduce the profit sharing contribution&lt;\00UQ&gt;<I>.</I></P>
<P STYLE="margin-bottom: 0cm">****F500Ck 5.0 UNMODIFIED</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>What happens if I'm rehired?</B></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500Cm 5.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">&lt;00UR&gt;If&lt;\00UR&gt;
you return to service with us, your service before you left will
count as vesting service with respect to future contributions made to
the Plan. In addition, your Years of Service that you complete after
your reemployment may count as vesting service with respect to
contributions made prior to your termination&lt;00VF&gt;&lt;\00VF&gt;.</P>
<P STYLE="margin-bottom: 0cm">****F500Cn 5.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">If you received a
distribution of your vested account balance and are reemployed, you
may have the right to repay this distribution. If you repay the
entire amount of the distribution, we will restore your account
balance with your forfeited amount. You must repay this distribution
within five years from your date of reemployment, or, if earlier,
before you incur five consecutive Breaks in Service. If you were
fully vested when you left, you do not have the opportunity to repay
your distribution.</P>
<P STYLE="margin-bottom: 0cm">****F500Co 5.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm"><B>Note</B> that
if you received a &quot;deemed&quot; distribution because you were
totally nonvested when you terminated your employment, your nonvested
benefit will automatically be restored within a reasonable time
following your reemployment, provided you have not incurred five
consecutive Breaks in Service.</P>
<P STYLE="margin-bottom: 0cm">****F500Cp 2.0 UNMODIFIED</P>
<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>ARTICLE &lt;N01&gt;IV&lt;\N01&gt;</B></P>
<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>DISABILITY BENEFITS</B></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500Cq 2.0 UNMODIFIED</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>How is disability defined?</B></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500Cr 2.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
In the Plan, &lt;00VD&gt;disability is defined as your inability to
engage in any substantial gainful activity by reason of a medically
determinable physical or mental impairment that can be expected to
result in death or that has lasted (or can be expected to last) for a
continuous period of not less than 12 months. Your disability will be
determined by a licensed physician chosen by the
Administrator&lt;\00VD&gt;.
</P>
<P STYLE="margin-bottom: 0cm">****F500Cs 2.0 UNMODIFIED</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>What happens if I become disabled?</B></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500Ct 2.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">If you become
disabled while a participant, you will be entitled to &lt;00US&gt;100%
of your&lt;\00US&gt; account balance. Payment of your disability
benefits will be made to you &lt;00UT&gt;as soon as is
administratively feasible after you retire due to a
disability&lt;\00UT&gt;. (See the question entitled &quot;How will my
benefits be paid?&quot; for more information.)</P>
<P STYLE="margin-bottom: 0cm">****F500Cu 2.0 UNMODIFIED</P>
<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>ARTICLE &lt;N01&gt;V&lt;\N01&gt;</B></P>
<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>FORM OF BENEFIT PAYMENT</B></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500Cv 2.0 UNMODIFIED</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>How will my benefits be paid?</B></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500Cw 5.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">&lt;00se&gt;Effective
March 1, 2003. Prior to March 1, 2003, Installment payments and Joint
&amp; Survivor Annuity payments are permitted., all&lt;\00se&gt;
distributions from the Plan will be made in one lump&nbsp;sum payment
in cash or in property. If your vested benefit in the Plan
&lt;00sZ&gt;(excluding, for distributions amounts attributable to
rollovers)&lt;\00sZ&gt; exceeds $5,000, you must consent to the
distribution before it may be made. If your vested benefit in the
Plan &lt;00sZ&gt;(excluding, for distributions amounts attributable
to rollovers)&lt;\00sZ&gt; does not exceed $5,000, then your benefit
must be distributed to you as soon as is administratively feasible
following the event that entitles you to a distribution.</P>
<P STYLE="margin-bottom: 0cm">****F500DG 2.0 UNMODIFIED</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>May I delay the receipt of benefits?</B></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500DH 5.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
Yes, you may delay the receipt of benefits &lt;0130&gt;, unless a
distribution is required to be made, as explained earlier, because
your vested benefit in the Plan (excluding, for distributions amounts
attributable to rollovers) does not exceed $5,000&lt;\0130&gt;.
However, in addition to the benefit payment mentioned above, there
are rules that require that certain minimum distributions be made
from the Plan. If you are a 5% owner, distributions are required to
begin not later than the April 1st following the end of the year in
which you reach age 70&nbsp;1/2. If you are not a 5% owner,
distributions are required to begin not later than the April 1st
following the later of the end of the year in which you reach age
70&nbsp;1/2 or retire. You should see the Administrator if you feel
you may be affected by these rules.</P>
<P STYLE="margin-bottom: 0cm">****F500DI 5.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">If you are <I>not</I>
a 5% owner and you have already been receiving distributions as of
&lt;00Hc&gt;1997&lt;\00Hc&gt; because you had attained age 70&nbsp;1/2,
you may elect to stop receiving distributions until your retirement.
If you elect to suspend distributions, distributions will not be
required to begin again until April&nbsp;1st of the calendar year
following the year in which you retire.</P>
<P STYLE="margin-bottom: 0cm">****F500DJ 2.0 UNMODIFIED</P>
<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>ARTICLE &lt;N01&gt;VI&lt;\N01&gt;</B></P>
<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>DEATH BENEFITS</B></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500DK 2.0 UNMODIFIED</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>What happens if I die while working for the Employer?</B></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500DL 5.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
If you die while you are still employed by us, your
&lt;00UV&gt;entire&lt;\00UV&gt; account balance will be used to
provide your beneficiary with a death benefit.</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500DM 2.0 UNMODIFIED</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>Who is the beneficiary of my death benefit?</B></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500DN 5.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
If you &lt;017k&gt;are married&lt;\017k&gt; at the time of your
death, your spouse will be the beneficiary of &lt;00UW&gt;the entire
death benefit&lt;\00UW&gt; unless an election is made to change the
beneficiary. IF YOU WISH TO DESIGNATE A BENEFICIARY OTHER THAN YOUR
SPOUSE, YOUR SPOUSE MUST IRREVOCABLY CONSENT TO WAIVE ANY RIGHT TO
THE &lt;00UX&gt;DEATH BENEFIT&lt;\00UX&gt;. YOUR SPOUSE'S CONSENT
MUST BE IN WRITING, BE WITNESSED BY A NOTARY OR A PLAN
REPRESENTATIVE, AND ACKNOWLEDGE THE SPECIFIC NON-SPOUSE BENEFICIARY.</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500DO 3.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">If you are
married, you have named someone other than your spouse to be your
beneficiary as described in the preceding paragraph, and you wish to
again change your beneficiary designation, your spouse must again
consent to the change, unless you are changing your designation to
name your spouse as your beneficiary.&lt;00UZ&gt;&lt;\00UZ&gt; In
addition, you may elect a beneficiary other than your spouse without
your spouse's consent if your spouse cannot be located.</P>
<P STYLE="margin-bottom: 0cm">****F500DP 2.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">If you are not
married, you may designate your beneficiary on a form to be supplied
to you by the Administrator.</P>
<P STYLE="margin-bottom: 0cm">****F500DQ 2.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
In the event no valid designation of beneficiary exists, or if the
beneficiary is not alive at the time of your death, the death benefit
will be paid in the following order of priority to:&lt;R03&gt;</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500DR 2.0 UNMODIFIED</P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
(&lt;N03&gt;a&lt;\N03&gt;) Your surviving spouse;</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500DS 2.0 UNMODIFIED</P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
(&lt;N03&gt;b&lt;\N03&gt;) Your surviving children, in equal shares;
or</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500DT 2.0 UNMODIFIED</P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
(&lt;N03&gt;c&lt;\N03&gt;) Your estate.</P>
<P STYLE="margin-bottom: 0cm">****F500DU 2.0 UNMODIFIED</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>How will the death benefit be paid to my beneficiary?</B></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500DW 5.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">The death benefit
will be paid to your beneficiary in &lt;00Wb&gt;the following
manner:&lt;\00Wb&gt;</P>
<P STYLE="margin-bottom: 0cm; widows: 0; orphans: 0"><FONT FACE="Times, serif">****F500Dd
2.0 UNMODIFIED</FONT></P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm"><FONT FACE="Symbol, serif">&#61623;</FONT>
a single lump&nbsp;sum payment of your entire account balance.</P>
<P STYLE="margin-bottom: 0cm">****F500Di 2.0 UNMODIFIED</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>When must the last payment be made to my beneficiary?</B></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500Dj 2.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
If your designated beneficiary is a person (rather than your estate
or most trusts) then the distribution of your death benefit must
generally begin within one year of your death and must be paid in a
lump sum. If your spouse is the beneficiary, the start payments may
be delayed until the year in which you would have attained age
70&nbsp;1/2. Generally, if your beneficiary is not a person, then
your entire death benefit must be paid within five years after your
death.</P>
<P STYLE="margin-bottom: 0cm; widows: 0; orphans: 0"><FONT FACE="Times, serif">****F500Dk
5.0 UNMODIFIED</FONT></P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">Since your spouse
&lt;017l&gt;has&lt;\017l&gt; certain rights in the death benefit, you
should immediately report any change in your marital status to the
Administrator.</P>
<P STYLE="margin-bottom: 0cm; widows: 0; orphans: 0"><FONT FACE="Times, serif">****F500Dl
2.0 UNMODIFIED</FONT></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>What happens if I'm a participant, terminate employment, and die
before receiving all my benefits?</B></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500Dm 2.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
If you terminate employment with us and subsequently die, your
beneficiary will be entitled to the vested percentage of your
remaining account balance at the time of your death.</P>
<P STYLE="margin-bottom: 0cm">****F500Dp 4.0 UNMODIFIED</P>
<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>ARTICLE &lt;N01&gt;VII&lt;\N01&gt;</B></P>
<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>IN&nbsp;SERVICE DISTRIBUTIONS</B></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; widows: 0; orphans: 0; page-break-after: avoid">
<FONT FACE="Times, serif">****F500Dq 4.0 UNMODIFIED</FONT></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>Can I withdraw money from my account while working?</B></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500Dr 4.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
Generally, you may receive a distribution from the Plan prior to your
termination of employment if you satisfy certain conditions. These
conditions are described below. However, this distribution is not in
addition to your other benefits and will therefore reduce the value
of the benefits you will receive when you retire. Any<B> </B>in-service
distribution is made at your election and will be made in accordance
with the forms of distribution in the Plan.</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500Ds 4.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">Also, the law
restricts any pre&nbsp;retirement distribution from certain accounts
maintained for you in the Plan before you reach age 59&nbsp;1/2.
These accounts are generally the ones set up to receive&lt;00bm&gt;
your salary deferrals and other&lt;\00bm&gt; Employer contributions
used to satisfy special Plan rules.</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500Dt 4.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">&lt;00sQ&gt;You&lt;\00sQ&gt;
may request an in-service distribution as follows:</P>
<P STYLE="margin-bottom: 0cm">****F500Du 4.0 UNMODIFIED</P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm"><FONT FACE="Symbol, serif">&#61623;</FONT>
With respect to your &lt;00bp&gt;salary deferrals and
QMACs&lt;\00bp&gt;&lt;00yG&gt;, if any,&lt;\00yG&gt; in the following
instances:</P>
<P STYLE="margin-bottom: 0cm">****F500KW 4.0 UNMODIFIED</P>
<P STYLE="margin-left: 1.91cm; margin-bottom: 0cm"><FONT FACE="Symbol, serif">&#61623;</FONT>
once you attain age &lt;00Ua&gt;59 1/2&lt;\00Ua&gt;.</P>
<P STYLE="margin-bottom: 0cm">****F500Dv 4.0 UNMODIFIED</P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm"><FONT FACE="Symbol, serif">&#61623;</FONT>
With respect to your matching contributions, in the following
instance(s):</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500Dw 2.0 UNMODIFIED</P>
<P STYLE="margin-left: 1.91cm; margin-bottom: 0cm"><FONT FACE="Symbol, serif">&#61623;</FONT>
once you attain age &lt;00kn&gt;59 1/2&lt;\00kn&gt;.</P>
<P STYLE="margin-bottom: 0cm">****F500E2 4.0 UNMODIFIED</P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm"><FONT FACE="Symbol, serif">&#61623;</FONT>
With respect to your profit sharing contributions, in the following
instance(s):</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid">****F500E3
2.0 UNMODIFIED</P>
<P STYLE="margin-left: 1.91cm; margin-bottom: 0cm"><FONT FACE="Symbol, serif">&#61623;</FONT>
once you attain age &lt;00kn&gt;59 1/2&lt;\00kn&gt;.</P>
<P STYLE="margin-bottom: 0cm">****F500E9 2.0 UNMODIFIED</P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm"><FONT FACE="Symbol, serif">&#61623;</FONT>
With respect to rollovers from other plans, at any time and for any
reason.</P>
<P STYLE="margin-bottom: 0cm">****F500EA 5.0 UNMODIFIED</P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm"><FONT FACE="Symbol, serif">&#61623;</FONT>
With respect to certain amounts that were transferred to this Plan
from another plan of the Employer, at any time and for any reason.</P>
<P STYLE="margin-bottom: 0cm">****F500EC 3.0 UNMODIFIED</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>Can I withdraw money from my account in the event of financial
hardship?</B></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500ED 3.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
Yes, if you satisfy certain conditions. This hardship distribution is
not in addition to your other benefits and will therefore reduce the
value of the benefits you will receive at retirement.</P>
<P STYLE="margin-bottom: 0cm">****F500EE 3.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
&lt;00sQ&gt;You&lt;\00sQ&gt; may request a hardship withdrawal from
the following amounts:</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500EF 2.0 UNMODIFIED</P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm"><FONT FACE="Symbol, serif">&#61623;</FONT>
Your salary deferrals.</P>
<P STYLE="margin-bottom: 0cm">****F500EI 3.0 UNMODIFIED</P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm"><FONT FACE="Symbol, serif">&#61623;</FONT>
Your rollovers from other plans.</P>
<P STYLE="margin-bottom: 0cm">****F500EJ 3.0 UNMODIFIED</P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm"><FONT FACE="Symbol, serif">&#61623;</FONT>
Certain amounts that were transferred to this Plan from another plan
of the Employer.</P>
<P STYLE="margin-bottom: 0cm">****F500EM 3.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
A hardship withdrawal may be made to satisfy certain immediate and
heavy financial needs that you have. A hardship distribution may only
be made for payment of the following:</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500EN 3.0 UNMODIFIED</P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<FONT FACE="Symbol, serif">&#61623;</FONT> Expenses for medical care
(described in Section 213(d) of the Internal Revenue Code) previously
incurred by you or your dependent or necessary for you or your
dependent to obtain medical care.</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500EO 3.0 UNMODIFIED</P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm"><FONT FACE="Symbol, serif">&#61623;</FONT>
Costs directly related to the purchase of your principal residence
(excluding mortgage payments).</P>
<P STYLE="margin-bottom: 0cm">****F500EQ 3.0 UNMODIFIED</P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm"><FONT FACE="Symbol, serif">&#61623;</FONT>
Tuition, related educational fees, and room and board expenses for
the next twelve (12) months of post&nbsp;secondary education for
yourself, your spouse or dependent.</P>
<P STYLE="margin-bottom: 0cm">****F500ER 3.0 UNMODIFIED</P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm"><FONT FACE="Symbol, serif">&#61623;</FONT>
Amounts necessary to prevent your eviction from your principal
residence or foreclosure on the mortgage of your principal residence.</P>
<P STYLE="margin-bottom: 0cm">****F500ES 2.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
If you have any of the above expenses, a hardship distribution can
only be made if you certify and agree that all of the following
conditions are satisfied:</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500ET 2.0 UNMODIFIED</P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm"><FONT FACE="Symbol, serif">&#61623;</FONT>
The distribution is not in excess of the amount of your immediate and
heavy financial need. The amount of your immediate and heavy
financial need may include any amounts necessary to pay any federal,
state, or local income taxes or penalties reasonably anticipated to
result from the distribution.</P>
<P STYLE="margin-bottom: 0cm">****F500EU 2.0 UNMODIFIED</P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm"><FONT FACE="Symbol, serif">&#61623;</FONT>
You have obtained all distributions, other than hardship
distributions, and all nontaxable (at the time of the loan) loans
currently available under all plans maintained by your Employer.</P>
<P STYLE="margin-bottom: 0cm">****F500EV 5.0 UNMODIFIED</P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm"><FONT FACE="Symbol, serif">&#61623;</FONT>
That your &lt;00gi&gt;salary
deferrals&lt;\00gi&gt;&lt;00bk&gt;&lt;\00bk&gt;&lt;00Vd&gt;&lt;\00Vd&gt;
will be suspended for at least &lt;012p&gt;six (6) months&lt;\012p&gt;
after your receipt of the hardship distribution.</P>
<P STYLE="margin-bottom: 0cm">****F500EX 3.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">In addition to
these rules, there are restrictions placed on hardship distributions
that are made from your salary deferrals. Any hardship distribution
from these amounts will be limited, as of the date of distribution,
to the balance of your salary deferral account as of the end of the
last Plan Year ending before July&nbsp;1,&nbsp;1989, plus your total
salary deferrals<I> </I>after such date, reduced by the amount of any
previous distributions made to you from your salary deferral account.
Ask the Administrator if you need further details.</P>
<P STYLE="margin-bottom: 0cm">****F500Ec 2.0 UNMODIFIED</P>
<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>ARTICLE &lt;N01&gt;VIII&lt;\N01&gt;</B></P>
<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>TAX TREATMENT OF DISTRIBUTIONS</B></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500Ed 2.0 UNMODIFIED</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>What are my tax consequences when I receive a distribution from
the Plan?</B></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500Ee 3.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
Generally, you must include any Plan distribution in your taxable
income in the year in which you receive the distribution. The tax
treatment may also depend on your age when you receive the
distribution. Certain distributions made to you when you are under
age 59&nbsp;1/2 could be subject to an additional 10%
tax.&lt;00Uj&gt;&lt;\00Uj&gt;</P>
<P STYLE="margin-bottom: 0cm">****F500Ef 2.0 UNMODIFIED</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>Can I reduce or defer tax on my distribution?</B></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500Eg 2.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
You may reduce, or defer entirely, the tax due on your distribution
through use of one of the following methods:&lt;R03&gt;</P>
<P STYLE="margin-bottom: 0cm">****F500Eh 2.0 UNMODIFIED</P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm">(&lt;N03&gt;a&lt;\N03&gt;)
The rollover of all or a portion of the distribution to an Individual
Retirement Account or Annuity (IRA) or another qualified employer
plan. This will result in no tax being due until you begin
withdrawing funds from the IRA or other qualified employer plan. The
rollover of the distribution, however, MUST be made within strict
time frames (normally, within 60 days after you receive your
distribution). Under certain circumstances all or a portion of a
distribution &lt;00lC&gt;(such as a hardship distribution)&lt;\00lC&gt;
may not qualify for this rollover treatment. In addition, most
distributions will be subject to mandatory federal income tax
withholding at a rate of 20%. This will reduce the amount you
actually receive. For this reason, if you wish to roll over all or a
portion of your distribution amount, the direct transfer option
described in paragraph (b) below would be the better choice.</P>
<P STYLE="margin-bottom: 0cm">****F500Ei 3.0 UNMODIFIED</P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm">(&lt;N03&gt;b&lt;\N03&gt;)
For most distributions, you may request that a direct transfer
(sometimes referred to as a direct rollover) of all or a portion of a
distribution be made to either an Individual Retirement Account or
Annuity (IRA) or another qualified employer plan willing to accept
the transfer. A direct transfer will result in no tax being due until
you withdraw funds from the IRA or other qualified employer plan.
Like the rollover, under certain circumstances all or a portion of
the amount to be distributed may not qualify for this direct
transfer. If you elect to actually receive the distribution rather
than request a direct transfer, then in most cases 20% of the
distribution amount will be withheld for federal income tax
purposes.&lt;00Ul&gt;&lt;\00Ul&gt;</P>
<P STYLE="margin-bottom: 0cm">****F500Ej 3.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid">
WHENEVER YOU RECEIVE A DISTRIBUTION, THE ADMINISTRATOR WILL DELIVER
TO YOU A MORE DETAILED EXPLANATION OF THESE OPTIONS. HOWEVER, THE
RULES THAT DETERMINE WHETHER YOU QUALIFY FOR FAVORABLE TAX TREATMENT
ARE VERY COMPLEX. YOU SHOULD CONSULT WITH QUALIFIED TAX COUNSEL
BEFORE MAKING A CHOICE.</P>
<P STYLE="margin-bottom: 0cm">****F500Ek 2.0 UNMODIFIED</P>
<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>ARTICLE &lt;N01&gt;IX&lt;\N01&gt;</B></P>
<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>HOURS OF SERVICE</B></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; widows: 0; orphans: 0; page-break-after: avoid">
<FONT FACE="Times, serif">****F500El 2.0 UNMODIFIED</FONT></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>What is an Hour of Service?</B></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500Em 2.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
You will be credited with an Hour of Service for:&lt;R03&gt;</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500En 2.0 UNMODIFIED</P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
(&lt;N03&gt;a&lt;\N03&gt;) each hour for which you are directly or
indirectly compensated by your Employer for the performance of duties
during the Plan Year;</P>
<P STYLE="margin-bottom: 0cm">****F500Eo 3.0 UNMODIFIED</P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm; page-break-after: avoid">
(&lt;N03&gt;b&lt;\N03&gt;) each hour for which you are directly or
indirectly compensated by us for reasons other than the performance
of duties (such as vacation, holidays, sickness, disability, lay&nbsp;off,
military duty, jury duty, or leave of absence during the Plan Year);
and</P>
<P STYLE="margin-bottom: 0cm">****F500Ep 2.0 UNMODIFIED</P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm">(&lt;N03&gt;c&lt;\N03&gt;)
each hour for back pay awarded or agreed to by the Employer.</P>
<P STYLE="margin-bottom: 0cm">****F500Eq 2.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">You will not be
credited for the same Hours of Service both under (a) or (b), as the
case may be, and under (c).</P>
<P STYLE="margin-bottom: 0cm">****F500Er 5.0 UNMODIFIED</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>How are Hours of Service credited?</B></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500Es 5.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
&lt;00Um&gt;For eligibility purposes, you&lt;\00Um&gt; will be
credited with your actual Hours of Service.</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500Ew 2.0 UNMODIFIED</P>
<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>ARTICLE &lt;N01&gt;X&lt;\N01&gt;</B></P>
<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>LOANS</B></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; widows: 0; orphans: 0; page-break-after: avoid">
<FONT FACE="Times, serif">****F500Ex 2.0 UNMODIFIED</FONT></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>May I borrow money from the Plan?</B></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500Ey 2.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
Yes. You may request a participant loan using an application form
provided by the Administrator. Your ability to obtain a participant
loan depends on several factors. The Administrator will determine
whether you satisfy these factors.</P>
<P STYLE="margin-bottom: 0cm">****F500Ez 2.0 UNMODIFIED</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>What are the loan rules and requirements?</B></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500F0 2.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
There are various rules and requirements that apply for any loan.
These rules and requirements are outlined in a written loan policy.
You can request a copy of the loan program from the Administrator.</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500FJ 2.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">The Administrator
may periodically revise the Plan's loan policy. If you have any
questions on participant loans or the current loan policy, please
contact the Administrator.</P>
<P STYLE="margin-bottom: 0cm">****F500FK 2.0 UNMODIFIED</P>
<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>ARTICLE &lt;N01&gt;XI&lt;\N01&gt;</B></P>
<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>YOUR PLAN'S TOP-HEAVY RULES</B></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; widows: 0; orphans: 0; page-break-after: avoid">
<FONT FACE="Times, serif">****F500FL 2.0 UNMODIFIED</FONT></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>What is a &quot;top-heavy&quot; plan?</B></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500FM 5.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
A retirement plan<I> </I>that primarily benefits &quot;key employees&quot;
is called a &quot;top-heavy plan&quot;. Key employees are certain
owners or officers of our organization. A plan is generally a
&quot;top-heavy plan&quot; when more than 60% of the plan assets are
in the accounts of key employees.</P>
<P STYLE="margin-bottom: 0cm">****F500FN 2.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">Each year, the
Administrator is responsible for determining whether this Plan is a
&quot;top-heavy plan&quot;.</P>
<P STYLE="margin-bottom: 0cm">****F500FO 2.0 UNMODIFIED</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>What happens if the Plan becomes top-heavy?</B></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500FP 2.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
If the Plan becomes top-heavy in any Plan Year, then&lt;00cu&gt;
non-key&lt;\00cu&gt; employees will be entitled to certain &quot;top-heavy
minimum benefits&quot;, and other special rules will apply. Among
these top-heavy rules are the following:</P>
<P STYLE="margin-bottom: 0cm">****F500FQ 2.0 UNMODIFIED</P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm"><FONT FACE="Symbol, serif">&#61623;</FONT>
We may be required to make a contribution to your account in order to
provide you with at least &quot;top-heavy minimum benefits&quot;.</P>
<P STYLE="margin-bottom: 0cm">****F500FR 5.0 UNMODIFIED</P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm"><FONT FACE="Symbol, serif">&#61623;</FONT>
Your nonforfeitable right to benefits or contributions derived from
&lt;00Uq&gt;matching contributions and profit sharing
contributions&lt;\00Uq&gt; will be determined according to the
following schedule&lt;00Ur&gt;s&lt;\00Ur&gt;:</P>
<P STYLE="margin-bottom: 0cm">****F500FT 2.0 UNMODIFIED</P>
<CENTER>
	<TABLE WIDTH=427 BORDER=0 CELLPADDING=7 CELLSPACING=0>
		<TR VALIGN=TOP>
			<TH>
				<P><BR>
				</P>
			</TH>
			<TD COLSPAN=3 WIDTH=289>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				Vesting Schedule</P>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				Profit Sharing Contributions</P>
			</TD>
			<TD WIDTH=103>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
		</TR>
		<TR VALIGN=TOP>
			<TD COLSPAN=2 WIDTH=152>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				Years of Service</P>
			</TD>
			<TD WIDTH=58>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				<BR>
				</P>
			</TD>
			<TD COLSPAN=2 WIDTH=176>
				<P ALIGN=CENTER STYLE="margin-left: 0.25cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				Percentage</P>
			</TD>
		</TR>
	</TABLE>
</CENTER>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500FU 2.0 UNMODIFIED</P>
<CENTER>
	<TABLE WIDTH=434 BORDER=0 CELLPADDING=7 CELLSPACING=0>
		<TR VALIGN=TOP>
			<TD WIDTH=159>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				Less than 3</P>
			</TD>
			<TD WIDTH=54>
				<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				<BR>
				</P>
			</TD>
			<TD WIDTH=44>
				<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				<BR>
				</P>
			</TD>
			<TD WIDTH=63>
				<P ALIGN=RIGHT STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				build.cRightJustifyPara;0%</P>
			</TD>
			<TD WIDTH=45>
				<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				<BR>
				</P>
			</TD>
		</TR>
		<TR VALIGN=TOP>
			<TD WIDTH=159>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				3</P>
			</TD>
			<TD WIDTH=54>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				<BR>
				</P>
			</TD>
			<TD WIDTH=44>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				<BR>
				</P>
			</TD>
			<TD WIDTH=63>
				<P ALIGN=RIGHT STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				build.cRightJustifyPara;100%</P>
			</TD>
			<TD WIDTH=45>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				<BR>
				</P>
			</TD>
		</TR>
	</TABLE>
</CENTER>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500FX 2.0 UNMODIFIED</P>
<CENTER>
	<TABLE WIDTH=427 BORDER=0 CELLPADDING=7 CELLSPACING=0>
		<TR VALIGN=TOP>
			<TH>
				<P><BR>
				</P>
			</TH>
			<TD COLSPAN=3 WIDTH=289>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				Vesting Schedule</P>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				Matching Contributions</P>
			</TD>
			<TD WIDTH=103>
				<P STYLE="margin-bottom: 0cm"><BR>
				</P>
			</TD>
		</TR>
		<TR VALIGN=TOP>
			<TD COLSPAN=2 WIDTH=152>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				Years of Service</P>
			</TD>
			<TD WIDTH=70>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				<BR>
				</P>
			</TD>
			<TD COLSPAN=2 WIDTH=164>
				<P ALIGN=CENTER STYLE="margin-left: 0.25cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				Percentage</P>
			</TD>
		</TR>
	</TABLE>
</CENTER>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500FY 2.0 UNMODIFIED</P>
<CENTER>
	<TABLE WIDTH=434 BORDER=0 CELLPADDING=4 CELLSPACING=0>
		<TR VALIGN=TOP>
			<TD WIDTH=165>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				Less than 3</P>
			</TD>
			<TD WIDTH=60>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				<BR>
				</P>
			</TD>
			<TD WIDTH=50>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				<BR>
				</P>
			</TD>
			<TD WIDTH=69>
				<P ALIGN=RIGHT STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				build.cRightJustifyPara;0%</P>
			</TD>
			<TD WIDTH=51>
				<P ALIGN=RIGHT STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				<BR>
				</P>
			</TD>
		</TR>
		<TR VALIGN=TOP>
			<TD WIDTH=165>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				3</P>
			</TD>
			<TD WIDTH=60>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				<BR>
				</P>
			</TD>
			<TD WIDTH=50>
				<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				<BR>
				</P>
			</TD>
			<TD WIDTH=69>
				<P ALIGN=RIGHT STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				build.cRightJustifyPara;100%</P>
			</TD>
			<TD WIDTH=51>
				<P ALIGN=RIGHT STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
				<BR>
				</P>
			</TD>
		</TR>
	</TABLE>
</CENTER>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500Fd 2.0 UNMODIFIED</P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<FONT FACE="Symbol, serif">&#61623;</FONT> If you are a participant
in more than one plan, you may not be entitled to &quot;top-heavy
minimum benefits&quot; under both plans.</P>
<P STYLE="margin-bottom: 0cm">****F500Fe 5.0 UNMODIFIED</P>
<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>ARTICLE &lt;N01&gt;XII&lt;\N01&gt;</B></P>
<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>PROTECTED BENEFITS AND CLAIMS PROCEDURES</B></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; widows: 0; orphans: 0; page-break-after: avoid">
<FONT FACE="Times, serif">****F500Ff 2.0 UNMODIFIED</FONT></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; widows: 0; orphans: 0; page-break-after: avoid">
<FONT FACE="Times, serif"><B>Is my benefit protected?</B></FONT></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; widows: 0; orphans: 0; page-break-after: avoid">
<FONT FACE="Times, serif">****F500Fg 2.0 UNMODIFIED</FONT></P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
As a general rule, your interest in your account, including your
&quot;vested interest,&quot; may not be alienated. This means that
your interest may not be sold, used as collateral for a loan
&lt;00V0&gt;(other than for a Plan loan)&lt;\00V0&gt;, given away, or
otherwise transferred. In addition, your creditors may not attach,
garnish, or otherwise interfere with your account.</P>
<P STYLE="margin-bottom: 0cm">****F500Fh 2.0 UNMODIFIED</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>Are there any exceptions to the general rule?</B></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500Fi 2.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
There are two exceptions to this general rule. The Administrator must
honor a &quot;qualified domestic relations order&quot;. A &quot;qualified
domestic relations order&quot; is defined as a decree or order issued
by a court that obligates you to pay child support or alimony, or
otherwise allocates a portion of your assets in the Plan to your
spouse, former spouse, child, or other dependent. If a qualified
domestic relations order is received by the Administrator, all or a
portion of your benefits may be used to satisfy the obligation. The
Administrator will determine the validity of any domestic relations
order received.</P>
<P STYLE="margin-bottom: 0cm">****F500Fj 2.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">The second
exception applies if you are involved with the Plan's administration.
If you are found liable for any action that adversely affects the
Plan, the Administrator can offset your benefits by the amount that
you are ordered or required by a court to pay the Plan. All or a
portion of your benefits may be used to satisfy any such obligation
to the Plan.</P>
<P STYLE="margin-bottom: 0cm">****F500Fk 2.0 UNMODIFIED</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>Can the Plan be amended?</B></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500Fl 2.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
Yes. We have the right to amend the Plan at any time. In no event,
however, will any amendment authorize or permit any part of the Plan
assets to be used for purposes other than the exclusive benefit of
participants or their beneficiaries. Additionally, no amendment will
cause any reduction in the amount credited to your account.</P>
<P STYLE="margin-bottom: 0cm">****F500Fm 2.0 UNMODIFIED</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>What happens if the Plan is discontinued or terminated?</B></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500Fn 3.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
Although we intend to maintain the Plan indefinitely, we reserve the
right to terminate the Plan at any time. Upon termination, no further
contributions will be made to the Plan and all amounts credited to
your accounts will become 100% vested, if not already 100% vested. We
will direct the distribution of your accounts in a manner permitted
by the Plan as soon as practical. (See the question entitled &quot;How
will my benefits be paid?&quot; for more information.) You will be
notified if the Plan is terminated.</P>
<P STYLE="margin-bottom: 0cm">****F500Fz 2.0 UNMODIFIED</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>How do I submit a claim for Plan benefits?</B></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500G3 5.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
Benefits will be paid to you and your beneficiaries without the
necessity of formal claims. However, if you think an error has been
made in determining your benefits, then you or your beneficiaries may
make a request for any Plan benefits to which you believe you are
entitled. Any such request should be in writing and should be made to
the Administrator.</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500G1 3.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">If the
Administrator determines the claim is valid, then you will receive a
statement describing the amount of benefit, the method or methods of
payment, the timing of distributions, and other information relevant
to the payment of the benefit.</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500G2 5.0 UNMODIFIED</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>What if my benefits are denied?</B></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500G4 5.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">Your request for
Plan benefits will be considered a claim for Plan benefits, and it
will be subject to a full and fair review. If your claim is wholly or
partially denied, the Administrator will provide you with a written
or electronic notification of the Plan's adverse determination. This
written or electronic notification must be provided to you within a
reasonable period of time, but not later than 90 days after the
receipt of your claim by the Administrator, unless the Administrator
determines that special circumstances require an extension of time
for processing your claim. If the Administrator determines that an
extension of time for processing is required, written notice of the
extension will be furnished to you prior to the termination of the
initial 90-day period. In no event will such extension exceed a
period of 90 days from the end of such initial period. The extension
notice will indicate the special circumstances requiring an extension
of time and the date by which the Plan expects to render the benefit
determination. &lt;R03&gt;</P>
<P STYLE="margin-bottom: 0cm; widows: 0; orphans: 0"><FONT FACE="Times, serif">****F500LP
5.0 UNMODIFIED</FONT></P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
In the case of a claim for disability benefits, if disability is
determined by a physician chosen by the Administrator (rather than
relying upon a determination of disability for Social Security
purposes), then instead of the above, the Administrator will provide
you with written or electronic notification of the Plan's adverse
benefit determination within a reasonable period of time, but not
later than 45 days after receipt of the claim by the Plan. This
period may be extended by the Plan for up to 30 days, provided that
the Administrator both determines that such an extension is necessary
due to matters beyond the control of the Plan and notifies you, prior
to the expiration of the initial 45-day period, of the circumstances
requiring the extension of time and the date by which the Plan
expects to render a decision. If, prior to the end of the first
30-day extension period the Administrator determines that, due to
matters beyond the control of the Plan, a decision cannot be rendered
within that extension period, the period for making the determination
may be extended for up to an additional 30 days, provided that the
Administrator notifies you, prior to the expiration of the first
30-day extension period, of the circumstances requiring the extension
and the date as of which the Plan expects to render a decision. In
the case of any such extension, the notice of extension will
specifically explain the standards on which entitlement to a benefit
is based, the unresolved issues that prevent a decision on the claim,
and the additional information needed to resolve those issues, and
you will be afforded at least 45 days within which to provide the
specified information.</P>
<P STYLE="margin-bottom: 0cm; widows: 0; orphans: 0"><FONT FACE="Times, serif">****F500LY
5.0 UNMODIFIED</FONT></P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
The Administrator's written or electronic notification of any adverse
benefit determination must contain the following information:</P>
<P STYLE="margin-bottom: 0cm; widows: 0; orphans: 0"><FONT FACE="Times, serif">****F500G5
5.0 UNMODIFIED</FONT></P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
(&lt;N03&gt;a&lt;\N03&gt;) The specific reason or reasons for the
adverse determination;
</P>
<P STYLE="margin-bottom: 0cm; widows: 0; orphans: 0"><FONT FACE="Times, serif">****F500G6
5.0 UNMODIFIED</FONT></P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm">(&lt;N03&gt;b&lt;\N03&gt;)
Reference to the specific Plan provisions on which the determination
is based.
</P>
<P STYLE="margin-bottom: 0cm">****F500G7 5.0 UNMODIFIED</P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm">(&lt;N03&gt;c&lt;\N03&gt;)
A description of any additional material or information necessary for
you to perfect the claim and an explanation of why such material or
information is necessary.</P>
<P STYLE="margin-bottom: 0cm">****F500G8 5.0 UNMODIFIED</P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm">(&lt;N03&gt;d&lt;\N03&gt;)
Appropriate information as to the steps to be taken if you or your
beneficiary want to submit your claim for review.
</P>
<P STYLE="margin-bottom: 0cm">****F500LZ 5.0 UNMODIFIED</P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm">(&lt;N03&gt;e&lt;\N03&gt;)
In the case of disability benefits where the disability is determined
by a physician chosen by the Administrator:
</P>
<P STYLE="margin-bottom: 0cm; widows: 0; orphans: 0"><FONT FACE="Times, serif">****F500La
5.0 UNMODIFIED</FONT></P>
<P STYLE="margin-left: 2.54cm; margin-bottom: 0cm">(&lt;N05&gt;i&lt;\N05&gt;)
If an internal rule, guideline, protocol, or other similar criterion
was relied upon in making the adverse determination, either the
specific rule, guideline, protocol, or other similar criterion; or a
statement that such rule, guideline, protocol, or other similar
criterion was relied upon in making the adverse determination and
that a copy of the rule, guideline, protocol, or other similar
criterion will be provided to you free of charge upon request.
</P>
<P STYLE="margin-bottom: 0cm; widows: 0; orphans: 0"><FONT FACE="Times, serif">****F500Lg
5.0 UNMODIFIED</FONT></P>
<P STYLE="margin-left: 2.54cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
(&lt;N05&gt;ii&lt;\N05&gt;) If the adverse benefit determination is
based on a medical necessity or experimental treatment or similar
exclusion or limit, either an explanation of the scientific or
clinical judgment for the determination, applying the terms of the
Plan to your medical circumstances, or a statement that such
explanation will be provided to you free of charge upon request.</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500GA 2.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">If your claim has
been denied or deemed denied, and you want to submit your claim for
review, you must follow the Claims Review Procedure below.</P>
<P STYLE="margin-bottom: 0cm">****F500GB 2.0 UNMODIFIED</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>What is the Claims Review Procedure?</B></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500GC 2.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
Upon the denial of your claim for benefits, you may file your claim
for review, in writing, with the Administrator.&lt;R03&gt;</P>
<P STYLE="margin-bottom: 0cm">****F500GD 2.0 UNMODIFIED</P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm">(&lt;N03&gt;a&lt;\N03&gt;)
YOU MUST FILE THE CLAIM FOR REVIEW NO LATER THAN 60 DAYS AFTER YOU
HAVE RECEIVED WRITTEN NOTIFICATION OF THE DENIAL OF YOUR CLAIM FOR
BENEFITS, OR IF NO WRITTEN DENIAL OF YOUR CLAIM WAS PROVIDED, NO
LATER THAN 60 DAYS AFTER THE DEEMED DENIAL OF YOUR CLAIM.</P>
<P STYLE="margin-bottom: 0cm">****F500Lh 5.0 UNMODIFIED</P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm">HOWEVER, IF YOUR
CLAIM IS FOR DISABILITY BENEFITS AND DISABILITY IS DETERMINED BY A
PHYSICIAN CHOSEN BY THE ADMINISTRATOR, THEN INSTEAD OF THE ABOVE, YOU
MUST FILE THE CLAIM FOR REVIEW NO LATER THAN 180 DAYS FOLLOWING
RECEIPT OF NOTIFICATION OF AN ADVERSE BENEFIT DETERMINATION.</P>
<P STYLE="margin-bottom: 0cm; widows: 0; orphans: 0"><FONT FACE="Times, serif">****F500Li
5.0 UNMODIFIED</FONT></P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm">(&lt;N03&gt;b&lt;\N03&gt;)
You may submit written comments, documents, records, and other
information relating to your claim for benefits.</P>
<P STYLE="margin-bottom: 0cm">****F500GE 2.0 UNMODIFIED</P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm">(&lt;N03&gt;c&lt;\N03&gt;)
You may review all pertinent documents relating to the denial of your
claim and submit any issues and comments, in writing, to the
Administrator.</P>
<P STYLE="margin-bottom: 0cm">****F500Lj 5.0 UNMODIFIED</P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
(&lt;N03&gt;d&lt;\N03&gt;) You will be provided, upon request and
free of charge, reasonable access to, and copies of, all documents,
records, and other information relevant to your claim for benefits.</P>
<P STYLE="margin-bottom: 0cm; widows: 0; orphans: 0"><FONT FACE="Times, serif">****F500GF
5.0 UNMODIFIED</FONT></P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm">(&lt;N03&gt;e&lt;\N03&gt;)
Your claim for review must be given a full and fair review. This
review will take into account all comments, documents, records, and
other information submitted by you relating to your claim, without
regard to whether such information was submitted or considered in the
initial benefit determination.</P>
<P STYLE="margin-bottom: 0cm; widows: 0; orphans: 0"><FONT FACE="Times, serif">****F500Lk
5.0 UNMODIFIED</FONT></P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
In addition to the Claims Review Procedure above, if your claim is
for disability benefits and disability is determined by a physician
chosen by the Administrator, then the Claims Review Procedure
provides that:&lt;R03&gt;</P>
<P STYLE="margin-bottom: 0cm; widows: 0; orphans: 0"><FONT FACE="Times, serif">****F500Ll
5.0 UNMODIFIED</FONT></P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm">(&lt;N03&gt;a&lt;\N03&gt;)
Your claim will be reviewed without deference to the initial adverse
benefit determination and the review will be conducted by an
appropriate named fiduciary of the Plan who is neither the individual
who made the adverse benefit determination that is the subject of the
appeal, nor the subordinate of such individual.</P>
<P STYLE="margin-bottom: 0cm; widows: 0; orphans: 0"><FONT FACE="Times, serif">****F500Lm
5.0 UNMODIFIED</FONT></P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm">(&lt;N03&gt;b&lt;\N03&gt;)
In deciding an appeal of any adverse benefit determination that is
based in whole or part on medical judgment, the appropriate named
fiduciary will consult with a health care professional who has
appropriate training and experience in the field of medicine involved
in the medical judgment.</P>
<P STYLE="margin-bottom: 0cm">****F500Ln 5.0 UNMODIFIED</P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm">(&lt;N03&gt;c&lt;\N03&gt;)
Any medical or vocational experts whose advice was obtained on behalf
of the Plan in connection with your adverse benefit determination
will be identified, without regard to whether the advice was relied
upon in making the benefit determination.</P>
<P STYLE="margin-bottom: 0cm; widows: 0; orphans: 0"><FONT FACE="Times, serif">****F500Lo
5.0 UNMODIFIED</FONT></P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm">(&lt;N03&gt;d&lt;\N03&gt;)
The health care professional engaged for purposes of a consultation
under (b) above will be an individual who is neither an individual
who was consulted in connection with the adverse benefit
determination that is the subject of the appeal, nor the subordinate
of any such individual.</P>
<P STYLE="margin-bottom: 0cm">****F500Lp 5.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
The Administrator will provide you with written or electronic
notification of the Plan's benefit determination on review. The
Administrator must provide you with notification of this denial
within 60 days after the Administrator's receipt of your written
claim for review, unless the Administrator determines that special
circumstances require an extension of time for processing your claim.
If the Administrator determines that an extension of time for
processing is required, written notice of the extension will be
furnished to you prior to the termination of the initial 60-day
period. In no event will such extension exceed a period of 60 days
from the end of the initial period. The extension notice will
indicate the special circumstances requiring an extension of time and
the date by which the Plan expects to render the determination on
review. However, if the claim relates to disability benefits and
disability is determined by a physician chosen by the Administrator,
then 45 days will apply instead of 60 days in the preceding
sentences. In the case of an adverse benefit determination, the
notification will set forth:&lt;R03&gt;</P>
<P STYLE="margin-bottom: 0cm; widows: 0; orphans: 0"><FONT FACE="Times, serif">****F500Lq
5.0 UNMODIFIED</FONT></P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm">(&lt;N03&gt;a&lt;\N03&gt;)
The specific reason or reasons for the adverse determination.</P>
<P STYLE="margin-bottom: 0cm; widows: 0; orphans: 0"><FONT FACE="Times, serif">****F500Lr
5.0 UNMODIFIED</FONT></P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm">(&lt;N03&gt;b&lt;\N03&gt;)
Reference to the specific Plan provisions on which the benefit
determination is based.</P>
<P STYLE="margin-bottom: 0cm; widows: 0; orphans: 0"><FONT FACE="Times, serif">****F500Ls
5.0 UNMODIFIED</FONT></P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
(&lt;N03&gt;c&lt;\N03&gt;) A statement that you are entitled to
receive, upon request and free of charge, reasonable access to, and
copies of, all documents, records, and other information relevant to
your claim for benefits.</P>
<P STYLE="margin-bottom: 0cm; widows: 0; orphans: 0"><FONT FACE="Times, serif">****F500Lt
5.0 UNMODIFIED</FONT></P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm">(&lt;N03&gt;d&lt;\N03&gt;)
In the case of disability benefits where disability is determined by
a physician chosen by the Administrator:&lt;R05&gt;</P>
<P STYLE="margin-bottom: 0cm; widows: 0; orphans: 0"><FONT FACE="Times, serif">****F500Lu
5.0 UNMODIFIED</FONT></P>
<P STYLE="margin-left: 2.54cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
(&lt;N05&gt;i&lt;\N05&gt;) If an internal rule, guideline, protocol,
or other similar criterion was relied upon in making the adverse
determination, either the specific rule, guideline, protocol, or
other similar criterion; or a statement that such rule, guideline,
protocol, or other similar criterion was relied upon in making the
adverse determination and that a copy of the rule, guideline,
protocol, or other similar criterion will be provided to you free of
charge upon request.</P>
<P STYLE="margin-bottom: 0cm; widows: 0; orphans: 0"><FONT FACE="Times, serif">****F500Lv
5.0 UNMODIFIED</FONT></P>
<P STYLE="margin-left: 2.54cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
(&lt;N05&gt;ii&lt;\N05&gt;) If the adverse benefit determination is
based on a medical necessity or experimental treatment or similar
exclusion or limit, either an explanation of the scientific or
clinical judgment for the determination, applying the terms of the
Plan to your medical circumstances, or a statement that such
explanation will be provided to you free of charge upon request.</P>
<P STYLE="margin-bottom: 0cm">****F500GJ 3.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">If you have a
claim for benefits that is denied or ignored, in whole or in part,
you may file suit in a state or federal court. However, in order to
do so, you must file the suit no later than 180 days after the
Administrator makes a final determination to deny your claim.</P>
<P STYLE="margin-bottom: 0cm; widows: 0; orphans: 0"><FONT FACE="Times, serif">****F500Lw
5.0 UNMODIFIED</FONT></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>What are my rights as a Plan participant?</B></P>
<P STYLE="margin-bottom: 0cm; widows: 0; orphans: 0"><FONT FACE="Times, serif">****F500Lx
5.0 UNMODIFIED</FONT></P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
As a participant in the Plan you are entitled to certain rights and
protections under the ERISA. ERISA provides that all Plan
participants are entitled to:&lt;R03&gt;</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; widows: 2; orphans: 2; page-break-after: avoid">
<FONT FACE="Times, serif">****F500Ly 5.0 UNMODIFIED</FONT></P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
(&lt;N03&gt;a&lt;\N03&gt;) Examine, without charge, at the
Administrator's office and at other specified locations, all
documents governing the Plan, including insurance contracts and
collective bargaining agreements; and a copy of the latest annual
report (Form 5500 Series) filed by the Plan with the U.S. Department
of Labor and available at the Public Disclosure Room of the Pension
and Welfare Benefit Administration.</P>
<P STYLE="margin-bottom: 0cm; widows: 0; orphans: 0"><FONT FACE="Times, serif">****F500Lz
5.0 UNMODIFIED</FONT></P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm">(&lt;N03&gt;b&lt;\N03&gt;)
Obtain, upon written request to the Administrator, copies of
documents governing the operation of the Plan, including insurance
contracts and collective bargaining agreements, and copies of the
latest annual report (Form 5500 Series) and an updated SPD. The
Administrator may make a reasonable charge for copies.</P>
<P STYLE="margin-bottom: 0cm">****F500M0 5.0 UNMODIFIED</P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm">(&lt;N03&gt;c&lt;\N03&gt;)
Receive a summary of the Plan's annual financial report. The
Administrator is required by law to furnish each participant with a
copy of this summary annual report.</P>
<P STYLE="margin-bottom: 0cm; widows: 0; orphans: 0"><FONT FACE="Times, serif">****F500M1
5.0 UNMODIFIED</FONT></P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm">(&lt;N03&gt;d&lt;\N03&gt;)
Obtain a statement telling you whether you have a right to receive a
pension at Normal Retirement Age and, if so, what your benefits would
be at Normal Retirement Age if you stop working under the Plan now.
If you do not have a right to a pension benefit, the statement will
tell you how many years you have to work to earn a right to a
pension. THIS STATEMENT MUST BE REQUESTED IN WRITING AND IS NOT
REQUIRED TO BE GIVEN MORE THAN ONCE EVERY TWELVE (12) MONTHS. The
Plan must provide this statement free of charge.</P>
<P STYLE="margin-bottom: 0cm; widows: 0; orphans: 0"><FONT FACE="Times, serif">****F500M2
5.0 UNMODIFIED</FONT></P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid">
In addition to creating rights for Plan participants, ERISA imposes
duties upon the people who are responsible for the operation of the
Plan. The people who operate your Plan, called &quot;fiduciaries&quot;
of the Plan, have a duty to do so prudently and in the interest of
you and other Plan participants and beneficiaries. No one, including
your Employer or any other person, may fire you or otherwise
discriminate against you in any way to prevent you from obtaining a
pension benefit or exercising your rights under ERISA.</P>
<P STYLE="margin-bottom: 0cm; widows: 0; orphans: 0"><FONT FACE="Times, serif">****F500M3
5.0 UNMODIFIED</FONT></P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid">
If your claim for a pension benefit is denied or ignored, in whole or
in part, you have a right to know why this was done, to obtain copies
of documents relating to the decision without charge, and to appeal
any denial, all within certain time schedules.</P>
<P STYLE="margin-bottom: 0cm; widows: 0; orphans: 0"><FONT FACE="Times, serif">****F500M4
5.0 UNMODIFIED</FONT></P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">Under ERISA, there
are steps you can take to enforce the above rights. For instance, if
you request a copy of Plan documents or the latest annual report from
the Plan and do not receive them within 30 days, you may file suit in
a federal court. In such a case, the court may require the
Administrator to provide the materials and pay you up to $110.00 a
day until you receive the materials, unless the materials were not
sent because of reasons beyond the control of the Administrator.</P>
<P STYLE="margin-bottom: 0cm; widows: 0; orphans: 0"><FONT FACE="Times, serif">****F500M5
5.0 UNMODIFIED</FONT></P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid">
If you have a claim for benefits that is denied or ignored, in whole
or in part, you may file suit in a state or federal court. In
addition, if you disagree with the Plan's decision or lack thereof
concerning the qualified status of a domestic relations order or a
medical child support order, you may file suit in federal court. You
and your beneficiaries can obtain, without charge, a copy of the
qualified domestic relations order procedures from the Administrator.</P>
<P STYLE="margin-bottom: 0cm; widows: 0; orphans: 0"><FONT FACE="Times, serif">****F500M6
5.0 UNMODIFIED</FONT></P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">If it should
happen that the Plan's fiduciaries misuse the Plan's money, or if you
are discriminated against for asserting your rights, you may seek
assistance from the U.S. Department of Labor, or you may file suit in
a federal court. The court will decide who should pay court costs and
legal fees. If you are successful, the court may order the person you
have sued to pay these costs and fees. If you lose, the court may
order you to pay these costs and fees if, for example, it finds your
claim is frivolous.</P>
<P STYLE="margin-bottom: 0cm">****F500GK 2.0 UNMODIFIED</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>What can I do if I have questions or my rights are violated?</B></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500GL 3.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
If you have any questions about the Plan, you should contact the
Administrator. If you have any questions about this statement, or
about your rights under ERISA, or if you need assistance in obtaining
documents from the Administrator, you should contact the nearest
office of the Pension and Welfare Benefits Administration, U.S.
Department of Labor, listed in the telephone directory or the
Division of Technical Assistance and Inquiries, Pension and Welfare
Benefits Administration, U.S. Department of Labor, 200 Constitution
Avenue, N.W., Washington, D.C. 20210. You may also obtain certain
publications about your rights and responsibilities under ERISA by
calling the publications hotline of the Pension and Welfare Benefits
Administration.</P>
<P STYLE="margin-bottom: 0cm">****F500GM 2.0 UNMODIFIED</P>
<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>ARTICLE &lt;N01&gt;XIII&lt;\N01&gt;</B></P>
<P ALIGN=CENTER STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>GENERAL INFORMATION ABOUT THE PLAN</B></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; widows: 0; orphans: 0; page-break-after: avoid">
<FONT FACE="Times, serif">****F500GN 5.0 UNMODIFIED</FONT></P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
There is certain general information that you may need to know about
the Plan. This information has been summarized for you in this
Article.</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; widows: 0; orphans: 0; page-break-after: avoid">
<FONT FACE="Times, serif">****F500GO 2.0 UNMODIFIED</FONT></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; widows: 0; orphans: 0; page-break-after: avoid">
<FONT FACE="Times, serif"><B>General Plan Information</B></FONT></P>
<P STYLE="margin-bottom: 0cm">****F500GP 3.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">The full name of
the Plan is &lt;00Bg&gt;LEESON Electric 401(k)
Plan&lt;\00Bg&gt;&lt;00NU&gt;&lt;\00NU&gt;&lt;00df&gt;&lt;\00df&gt;&lt;00dg&gt;&lt;\00dg&gt;&lt;00dh&gt;&lt;\00dh&gt;.</P>
<P STYLE="margin-bottom: 0cm">****F500GQ 2.0 UNMODIFIED</P>
<P ALIGN=JUSTIFY STYLE="text-indent: 1.27cm; margin-bottom: 0cm">We
have assigned Plan Number &lt;000N&gt;002&lt;\000N&gt; to your Plan.</P>
<P STYLE="margin-bottom: 0cm">****F500GS 3.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">&lt;00bu&gt;This
Plan was originally effective on August 31, 1974. &lt;\00bu&gt;The
amended and restated provisions of the Plan become effective on
&lt;00Ap&gt;December 1, 2002&lt;\00Ap&gt;. However, this restatement
was made to conform the Plan to new tax laws and some provisions may
be retroactively effective.</P>
<P STYLE="margin-bottom: 0cm">****F500GT 5.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">Valuations of the
Plan are generally made &lt;00V1&gt;every business
day&lt;\00V1&gt;.&lt;00V2&gt;&lt;\00V2&gt; Certain distributions,
such as required minimum distributions, are based on the Anniversary
Date of the Plan. This date is the last day of the Plan Year.</P>
<P STYLE="margin-bottom: 0cm">****F500GU 5.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">The Plan's records
are maintained on a twelve&nbsp;month period of time. This is known
as the Plan Year. The Plan Year &lt;00V3&gt;begins on January 1 and
ends on December 31&lt;\00V3&gt;.&lt;00kU&gt;&lt;\00kU&gt;</P>
<P STYLE="margin-bottom: 0cm">****F500GV 2.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">The Plan and Trust
will be governed by the laws of &lt;00IN&gt;Wisconsin&lt;\00IN&gt; to
the extent not governed by federal law.</P>
<P STYLE="margin-bottom: 0cm">****F500GW 2.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">Benefits provided
by the Plan are NOT insured by the Pension Benefit Guaranty
Corporation (PBGC) under Title IV of the Employee Retirement Income
Security Act of 1974 because the insurance provisions under ERISA are
not applicable to this type of plan.</P>
<P STYLE="margin-bottom: 0cm">****F500GX 2.0 UNMODIFIED</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>Employer Information</B></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500GY 2.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
&lt;00Wd&gt;The Plan Sponsor's&lt;\00Wd&gt; name, address, telephone
number, and identification number are:</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500GZ 3.0 UNMODIFIED</P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
&lt;0002&gt;LEESON Electric Corporation&lt;\0002&gt;</P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
&lt;00r6&gt;2100 Washington Street,&lt;\00r6&gt;</P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
&lt;00r7&gt;Grafton&lt;\00r7&gt;, &lt;00IN&gt;Wisconsin&lt;\00IN&gt;
&lt;00IO&gt;53024&lt;\00IO&gt;</P>
<P STYLE="margin-left: 0.02cm; text-indent: 1.25cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
&lt;00IP&gt;(715) 675-8267&lt;\00IP&gt;</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500Ga 3.0 UNMODIFIED</P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
&lt;0004&gt;39-1172393&lt;\0004&gt;</P>
<P STYLE="margin-bottom: 0cm">****F500Gb 2.0 UNMODIFIED</P>
<P STYLE="margin-left: 0.02cm; text-indent: 1.25cm; margin-bottom: 0cm">
Service of legal process may be made upon &lt;00We&gt;the Plan
Sponsor or your Employer, if your Employer is not the Plan
Sponsor&lt;\00We&gt;. Service of legal process may also be made upon
the Trustee or Administrator.</P>
<P STYLE="margin-bottom: 0cm">****F500Gc 2.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">The Plan allows
other employers to adopt its provisions. You or your beneficiaries
may examine or obtain a complete list of employers, if any, who have
adopted the Plan by making a written request to the Administrator.</P>
<P STYLE="margin-bottom: 0cm">****F500Gd 2.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
Another employer who has adopted the provisions of the Plan is:</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500Gz 2.0 UNMODIFIED</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>Administrator Information</B></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500H0 2.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
The Plan's Administrator is responsible for the day&nbsp;to&nbsp;day
administration and operation of the Plan. For example, the
Administrator maintains the Plan records, including your account
information, provides you with the forms you need to complete for
Plan participation and directs the payment of your account at the
appropriate time. The Administrator will also allow you to review the
formal Plan document and certain other materials related to the Plan.
If you have any questions about the Plan and your participation, you
should contact the Administrator. The Administrator may designate
other parties to perform some duties of the Administrator.</P>
<P STYLE="margin-bottom: 0cm">****F500H1 2.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm">The name, address
and telephone number of the Plan's Administrator is:</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500H2 2.0 UNMODIFIED</P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
&lt;00Bz&gt;Terry Hellrood, Motor Technologies Group&lt;\00Bz&gt;</P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
&lt;00C1&gt;100 E. Randolph St.&lt;\00C1&gt;</P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
&lt;00C2&gt;Wausau&lt;\00C2&gt;, &lt;00C3&gt;Wisconsin&lt;\00C3&gt;
&lt;00C4&gt;54402-8003&lt;\00C4&gt;</P>
<P STYLE="margin-left: 0.02cm; text-indent: 1.25cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
&lt;00C5&gt;(715) 675-8267&lt;\00C5&gt;</P>
<P STYLE="margin-bottom: 0cm">****F500H3 2.0 UNMODIFIED</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
<B>Trustee Information</B></P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500H4 2.0 UNMODIFIED</P>
<P STYLE="text-indent: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
All money that is contributed to the Plan is held in a trust fund.
The Trustee is responsible for the safekeeping of the trust
fund&lt;00VC&gt;&lt;\00VC&gt;. The trust fund established by the
Plan's Trustee will be the funding medium used for the accumulation
of assets from which benefits will be distributed.</P>
<P STYLE="margin-bottom: 0cm">****F500H6 2.0 UNMODIFIED</P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
The name, address, and telephone number of the Plan's Trustee is:</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500H7 2.0 UNMODIFIED</P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
&lt;00Az&gt;Marshall &amp; Ilsley Trust Company N.A.&lt;\00Az&gt;</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500H8 2.0 UNMODIFIED</P>
<P STYLE="margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
****F500HJ 2.0 UNMODIFIED</P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
&lt;00Bu&gt;1000 North Water Street&lt;\00Bu&gt;</P>
<P STYLE="margin-left: 1.27cm; margin-bottom: 0cm; page-break-inside: avoid; page-break-after: avoid">
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{"company-data": {"conformed-name": "REGAL BELOIT CORP", "cik": "0000082811", "assigned-sic": "3621", "irs-number": "390875718", "state-of-incorporation": "WI", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-108092", "film-number": "03857158"}, "business-address": {"street1": "200 STATE ST", "city": "BELOIT", "state": "WI", "zip": "53511", "phone": "6083648800"}, "mail-address": {"street1": "200 STATE STREET", "city": "BELOIT", "state": "WI", "zip": "53511-6254"}, "former-company": [{"former-conformed-name": "BELOIT TOOL CORP", "date-changed": "19730522"}, {"former-conformed-name": "RECORD A PUNCH CORP", "date-changed": "19690320"}]}
SECURITIES AND EXCHANGE COMMISSION
29
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
				20549
FORM S-8
REGISTRATION STATEMENT
Under
THE SECURITIES ACT OF
				1933
REGAL-BELOIT
				CORPORATION
(Exact name of
				registrant as specified in its charter)
Wisconsin
(State or
				other jurisdiction of incorporation or organization)
39-0875718
(I.R.S.
				Employer Identification No.)
200 State Street
Beloit, Wisconsin
(Address
				of principal executive offices)
53511
(Zip
				Code)
REGAL-BELOIT
				CORPORATION Retirement Plans
Specifically
				incorporating: LEESON Electric 401(k) Plan
(Full
				title of the plan)
Kenneth F. Kaplan
Vice President, Chief
				Financial Officer and Secretary
REGAL-BELOIT
				CORPORATION
200 State Street
Beloit, Wisconsin
				53511
(608) 364-8800
(Name,
				address and telephone number, including area code of agent for
				service)
CALCULATION OF REGISTRATION FEE
Title of
				Securities to be Registered
Amount to
				be Registered
Proposed
				Maximum Offering Price Per Share
Proposed
				Maximum Aggregate Offering Price
Amount of
				Registration Fee
Common Stock, par
				value $.01
50,000
				(1)
$20.83
				(1)
$1,041,500
				(1)
$84.26
shares
Common Stock Purchase
				Rights
50,000
				rights
(2)
(2)
(2)
(1) Estimated pursuant
				to Rule 457(
c
) under the Securities Act of
				1933 solely for the purpose of calculating the registration fee
				based on the average of the high and low prices for REGAL-BELOIT
				CORPORATION Common Stock as reported on the American Stock
				Exchange on August 13, 2003.
(2) The value
				attributable to the Common Stock Purchase Rights is reflected in
				the market price of the Common Stock to which the Rights are
				attached.
(3) This Registration
				Statement shall cover any additional shares of the Common Stock
				of the Company which become issuable under the Company's
				LEESON Electric 401(k) Plan set forth herein by reason of any
				stock dividend, stock split, or any other similar transactions
				without receipt or consideration which results in an increase in
				the number of shares of the Company's outstanding Common
				Stock.
In addition, pursuant
				to Rule 416(
c
) under the Securities Act of
				1933, this Registration Statement also covers an indeterminate
				amount of interests to be offered or sold pursuant to the
				employee benefit plan described herein.
PART I
INFORMATION REQUIRED IN
THE SECTION 10(a) PROSPECTUS
The document or documents containing
the information specified in Part I are not required to be filed with
the Securities and Exchange Commission (the "Commission")
as part of this Form S-8 Registration Statement.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3.
Incorporation of
Documents by Reference
.
The following documents filed by
REGAL-BELOIT CORPORATION (the "Company") or the LEESON
Electric 401(k) Plan (the "Plan") with the Commission are
hereby incorporated herein by reference:
The Company's
	Annual Report on Form 10-K for the year ended December 31, 2002,
	which includes certified financial statements as of and for the year
	ended December 31, 2002.
The Company's
	Proxy Statement filed on Form Def 14A dated March 11, 2003.
The Company's
	Quarterly Reports on Form 10-Q filed for the quarter ended March 31,
	2003 and on Form 10-Q filed for quarter ended June 30, 2003.
4. The Company's Current Report
on Form 8-K filed on April 21, 2003 and Current Report on Form 8-K
filed on July 21, 2003.
5. The description of the Company's
Common Stock contained in Item I of the Company's Registration
Statement on Form 8-B, dated June 10, 1994, including any amendment
or report filed for the purpose of updating such description.
6. The description of the Company's
Common Stock Purchase Rights contained in Item 1 of the Company's
Registration Statement on Form 8-A, dated January 31, 2000, and any
amendment of report filed for the purpose of updating such
description.
7. The contents of Registration
Statements previously filed on Form S-8, Nos. 333-48789, Regal-Beloit
Savings & Protection Plan; 333-48795, Marathon Hourly 401(k)
Savings Plan; 333-48815, Marathon Electric Salaried Employees'
401(k) Savings Plan; 33-25233, REGAL-BELOIT CORPORATION Personal
Savings Plan; and the REGAL-BELOIT CORPORATION Profit Sharing Plan
(SEC File No. Unknown) filed with the Securities and Exchange
Commission on 3/27/98, 3/27/98, 3/27/98, 7/1/88 and 1988,
respectively, are incorporated by reference herein, as part of the
REGAL-BELOIT CORPORATION Retirement Plans.
All documents subsequently filed by the
Company or the Plan pursuant to Sections 13(a), 13(c), 14 or 15(d) of
the Exchange Act after the date of filing of this Registration
Statement and prior to such time as the
Company files a post-effective amendment to this Registration
Statement which indicates that all securities offered hereby have
been sold or which deregisters all securities then remaining unsold
shall be deemed to be incorporated by reference in this Registration
Statement and to be a part hereof from the date of filing of such
documents.
Item 4.
Description of
Securities
.
Not applicable.
Item 5.
Interests of Named
Experts and Counsel
.
Not applicable.
Item 6.
Indemnification of
Directors and Officers
.
Pursuant to the Wisconsin Business
Corporation Law and the Company's By-laws, directors and
officers of the Company are entitled to mandatory indemnification
from the Company against certain liabilities and expenses (i) to the
extent such officers or directors are successful in the defense of a
proceeding and (ii) in proceedings in which the director of officer
is not successful in defense thereof, unless it is determined that
the director or officer breached or failed to perform his duties to
the Company and such breach or failure constituted: (a) a willful
failure to deal fairly with the Company or its shareholders in
connection with a matter in which the director or officer had a
material conflict of interest; (b) a violation of the criminal law
unless the director or officer had reasonable cause to believe his or
her conduct was lawful or had no reasonable cause to believe his or
her conduct was unlawful; (c) a transaction from which the director
or officer derived an improper personal profit; or (d) willful
misconduct. It should be noted that the Wisconsin Business
Corporation Law specifically states that it is the public policy of
Wisconsin to require or permit indemnification in connection with a
proceeding involving securities regulation, as described therein, to
the extent required or permitted as described above. Additionally,
under the Wisconsin Business Corporation Law, directors of the
Company are not subject to personal liability to the Company, its
shareholders or any person asserting rights on behalf thereof for
certain breaches or failures to perform any duty resulting solely
from their status as directors except in circumstances paralleling
those in subparagraphs (a) through (d) outlined above.
Expenses for the defense of any action
for which indemnification may be available may be advanced by the
Company under certain circumstances.
The indemnification provided by the
Wisconsin Business Corporation Law and the Company's By-laws is
not exclusive of any other rights to which a director or officer may
be entitled.
The Company maintains a liability
insurance policy for its directors and officers as permitted by
Wisconsin law which may extend to, among other things, liability
arising under the Securities Act of 1933, as amended.
Item 7.
Exemption from
Registration Claimed
.
Not applicable.
Item 8.
Exhibits
.
The following exhibits have been filed
(except where otherwise indicated) as part of this Registration
Statement.
Exhibit No.
Exhibit
(4.1)
LEESON Electric 401(k) Plan filed
						herein.
(4.2)
Articles of Incorporation of the
						Company (incorporated by reference to Exhibit B to the
						Company's proxy statement on Form Def 14A filed on March
						11, 1994)
(4.3)
Rights Agreement, dated as of
						January 28, 2000, between REGAL-BELOIT CORPORATION and
						BankBoston N.A. (incorporated by reference to Exhibit 4.1 to
						REGAL-BELOIT CORPORATION's Registration Statement on Form
						8-A, filed January 31, 2000)
(5)
Opinion of Counsel
(23.1)
Consent of Deloitte & Touche
						LLP
(24.1)
Power of Attorney (included on
						the signature page to this Registration Statement)
The undersigned Registrant hereby
undertakes to submit the Plan to the Internal Revenue Service ("IRS")
in a timely manner as necessary and will make all changes required by
the IRS in order to maintain the Plan under Section 401 of the
Internal Revenue Code of 1986, as amended.
Item 9.
Undertakings
.
(a) The undersigned Registrant hereby
undertakes:
(1) To file, during any period in which offers or sales are being
made, a post-effective amendment to this Registration Statement to
include any material information with respect to the plan of
distribution not previously disclosed in the Registration Statement
or any material change to such information in the Registration
Statement.
(2) That, for the purpose of determining any liability under the
Securities Act of 1933, each such post-effective amendment shall be
deemed to be a new registration statement relating to the securities
offered herein, and the offering of such securities at that time
shall be deemed to be the initial bona fide offering thereof.
(3) To remove from registration by means of a post-effective
amendment any of the securities being registered which remain unsold
at the termination of the offering.
(b) The undersigned Registrant hereby
undertakes that, for purposes of determining any liability under the
Securities Act of 1933, each filing of the Registrant's annual
report pursuant to Section 13(a) or Section 15(d) of the Securities
Exchange Act of 1934 (and, where applicable, each filing of an
employee benefit plan's annual report pursuant to Section 15(d)
of the Securities Exchange Act of 1934) that is incorporated by
reference in this Registration Statement shall be deemed to be a new
registration statement relating to the securities offered herein, and
the offering of such securities at that time shall be deemed to be
the initial bona fide offering thereof.
(c) Insofar as indemnification for
liabilities arising under the Securities Act of 1933 may be permitted
to directors, officers and controlling persons of the Registrant
pursuant to the foregoing provisions, or otherwise, the Registrant
has been advised that in the opinion of the Securities and Exchange
Commission such indemnification is against public policy as expressed
in the Act and is, therefore, unenforceable. In the event that a
claim for indemnification against such liabilities (other than the
payment by the Registrant of expenses incurred or paid by a director,
officer or controlling person of the Registrant in the successful
defense of any action, suit or proceeding) is asserted by such
director, officer or controlling person in connection with the
securities being registered, the Registrant will, unless in the
opinion of its counsel the matter has been settled by controlling
precedent, submit to a court of appropriate jurisdiction the question
whether such indemnification by it is against public policy as
expressed in the Act and will be governed by the final adjudication
of such issue.
SIGNATURES
The Registrant
. Pursuant to the
requirements of the Securities Act of 1933, the Registrant certifies
that it has reasonable grounds to believe that it meets all of the
requirements for filing on Form S-8 and has duly caused this
Registration Statement to be signed on its behalf by the undersigned,
thereunto duly authorized, in the City of Beloit, and State of
Wisconsin, on this 20th day of August, 2003.
REGAL-BELOIT CORPORATION
By:
/s/ Kenneth F. Kaplan
Kenneth F. Kaplan
Vice President, Chief Financial Officer
and Secretary
POWER OF ATTORNEY
Pursuant to the requirements of the
Securities Act of 1933, this Registration Statement has been signed
below by the following persons in the capacities and on the date
indicated. Each person whose signature appears below constitutes and
appoints James L. Packard and Kenneth F. Kaplan, and each of them
individually, his or her true and lawful attorneys-in-fact and
agents, with full power of substitution and revocation, for him or
her and in his or her name, place and stead, in any and all
capacities, to sign any and all amendments (including post-effective
amendments) to this Registration Statement and to file the same, with
all exhibits thereto, and other documents in connection therewith,
with the Securities and Exchange Commission, granting unto said
attorneys-in-fact and agents, and each of them, full power and
authority to do and perform each and every act and thing requisite
and necessary to be done in connection therewith, as fully to all
intents and purposes as he or she might or could do in person, hereby
ratifying and confirming all that said attorneys-in-fact and agents,
or either of them, may lawfully do or cause to be done by virtue
hereof.
Signature
Title
Date
s/ James L. Packard
James L. Packard
Chairman of the Board, Chief
				Executive Officer and Director
July 18, 2003
/s/ Henry W. Knueppel
Henry W. Knueppel
President, Chief Operating Officer
				and Director
July 18, 2003
/s/ Kenneth F. Kaplan
Kenneth F. Kaplan
Vice President, Chief Financial
				Officer and Secretary
July 18, 2003
/s/ Frank Bauchiero
Frank Bauchiero
Director
July 18, 2003
/s/ J. Reed Coleman
J. Reed Coleman
Director
July 18, 2003
/s/ Stephen N. Graff
Stephen N. Graff
Director
July 18, 2003
The Plan
. Pursuant to the
requirements of the Securities Act of 1933, REGAL-BELOIT CORORATION,
in its capacity as the Plan Administrator of the LEESON Electric
401(k) Plan, has duly caused this Registration Statement to be signed
on its behalf by the undersigned, thereunto duly authorized, in the
City of Beloit, and State of Wisconsin, on this 11
th
day
of August 2003.
REGAL-BELOIT CORPORATION
As Plan Administrator of the
LEESON Electric 401(k) Plan
By:
/s/ Kenneth F. Kaplan
Kenneth F. Kaplan
Vice President, CFO and Secretary
EXHIBIT INDEX
LEESON Electric
						401(k) Plan
Exhibit No.
Exhibit
(4.1)
LEESON Electric 401(k) Plan filed
						herein.
(4.2)
Articles of Incorporation of the
						Company (incorporated by reference to Exhibit B to the
						Company's proxy statement on Form Def 14A filed on March
						11, 1994)
(4.3)
Rights Agreement dated as of
						January 28, 2000, between REGAL-BELOIT CORPORATION and
						BankBoston N.A. (incorporated by reference to Exhibit 4.1 to
						REGAL-BELOIT CORPORATION's Registration Statement on Form
						8-A, filed January 31, 2000)
(5)
Opinion of Counsel
(23.1)
Consent of Deloitte & Touche
						LLP
(24.1)
Power of Attorney (included on
						the signature page to this Registration Statement)
Exhibit 5
July 31, 2003
REGAL-BELOIT CORPORATION
200 State Street
Beloit, WI 53511
Ladies and Gentlemen:
I am the attorney of REGAL-BELOIT
CORPORATION, a Wisconsin corporation (the "Company"). I
have acted as counsel to the Company in connection with the
preparation and filing of a Registration Statement on Form S-8 (the
"Registration Statement") under the Securities Act of
1933, as amended, (the "Securities Act") for the
registration of 50,000 shares of common stock, par value $0.01 per
share (the "Shares"), of the Company relating to the
REGAL-BELOIT CORPORATION Retirement Plans, specifically incorporating
the LEESON Electric 401(k) Plan (the "Plan").
In connection with the foregoing, I
have examined the minute books and stock records of the Company, the
Certificate of Incorporation, as amended, and By-Laws of the Company,
the Registration Statement, the Plan and resolutions duly adopted by
the Board of Directors of the company relating to the Plan. In
addition, I have reviewed such other documents and instruments and
have conferred with various officers and directors of the Company and
have ascertained or verified such additional facts as deemed
necessary or appropriate for the purposes of this opinion. In this
examination I have assumed the legal capacity of all natural persons,
the genuineness of all signatures, the authenticity of all documents
submitted as originals, the conformity to original documents of all
documents submitted as certified, photostatic or facsimile copies and
the authenticity of the originals of such latter documents.
Based upon the foregoing I am of the
opinion that the Shares to be issued under the Plan have been duly
authorized and, when issued and delivered in accordance with the
terms of the Plan, will be legally issued, fully paid and
nonassessable.
My opinion is limited to matters
governed by the laws of the State of Wisconsin and the Business
Corporations Law of the State of Wisconsin.
I hereby consent to the filing of this
opinion as an exhibit to the Registration Statement. In giving this
consent, I do not hereby admit that I come within the category of
persons whose consent is required under Section 7 of the Securities
Act or the rules and regulations of the Securities and Exchange
Commission thereunder.
Very truly yours,
/S/ Charldene S. Schneier
Charldene S. Schneier
Attorney
Exhibit 23.1
Independent Auditors' Consent
We consent to the incorporation by
reference in this Registration Statement on Form S-8 of REGAL-BELOIT
Corporation of our report dated January 29, 2003, relating to the
consolidated financial statements of REGAL-BELOIT Corporation as of
and for the year ended December 31, 2002 (which report expresses an
unqualified opinion and includes explanatory paragraphs relating to
the adoption of Statement of Financial Accounting Standards No. 142,
"Goodwill and other Intangible Assets," and the
application of procedures relating to certain disclosures of
financial statement amounts related to the 2001 and 2000 financial
statements that were audited by other auditors who have ceased
operations and for which we have expressed no opinion or other form
of assurance other than with respect to such disclosures) appearing
in the Form 10-K of REGAL-BELOIT Corporation for the year ended
December 31, 2002.
/s/ Deloitte & Touche
Milwaukee, Wisconsin
August 15, 2003
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ELECTRIC 401(K) PLAN<\00Q7>
****F50008
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SUMMARY PLAN
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****F50009 2.0 LOCKED
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TABLE
OF CONTENTS
INTRODUCTION
TO YOUR PLAN
ARTICLE I
PARTICIPATION IN THE PLAN
Am I eligible to participate in the
Plan?.............................................................................................
15
<
When am I eligible to participate in the
Plan?....................................................................................
16
When is my entry
date?....................................................................................................................
16
Does all my service with the Employer count for purposes of Plan
eligibility?.....................................
16
What happens if I'm a participant, terminate employment, and then
I'm rehired?.................................
17
ARTICLE II
CONTRIBUTIONS
What kind of plan is
this?.................................................................................................................
17
Do I have to contribute money to the Plan in order to
participate?.....................................................
17
How much may I contribute to the
Plan?..........................................................................................
17
How often can I modify the amount I
contribute?..............................................................................
19
Will the Employer contribute to the
Plan?.........................................................................................
19
What is the Employer matching
contribution?....................................................................................
19
What is the Employer profit sharing
contribution?..............................................................................
19
How will the Employer profit sharing contribution be allocated to
my account?..................................
19
What compensation is used to determine my Plan
benefits?...............................................................
20
Is there a limit on the amount of compensation that can be
considered?.............................................
21
Are there limits on how much can be contributed to my account each
year?.......................................
21
May I roll over payments from other retirement plans or
IRAs?.........................................................
21
How is the money in the Plan
invested?............................................................................................
21
ARTICLE III
RETIREMENT BENEFITS
What benefits will I receive at normal
retirement?..............................................................................
22
What happens if I leave the Employer's workforce before I
retire?....................................................
22
What is my vested interest in my
account?........................................................................................
22
How do I determine my Years of Service for vesting
purposes?........................................................
23
Does all my service count for vesting
purposes?................................................................................
23
As a veteran, will my military service count as service with the
Employer?.........................................
24
What happens to the non vested portion of a terminated
participant's account?.................................
24
What happens if I'm
rehired?............................................................................................................
24
ARTICLE IV
DISABILITY BENEFITS
How is disability
defined?.................................................................................................................
24
What happens if I become
disabled?................................................................................................
25
ARTICLE V
FORM OF BENEFIT PAYMENT
How will my benefits be
paid?..........................................................................................................
25
May I delay the receipt of
benefits?..................................................................................................
25
ARTICLE VI
DEATH BENEFITS
What happens if I die while working for the
Employer?.....................................................................
26
Who is the beneficiary of my death
benefit?......................................................................................
26
How will the death benefit be paid to my
beneficiary?.......................................................................
26
When must the last payment be made to my
beneficiary?..................................................................
26
What happens if I'm a participant, terminate employment, and die
before receiving all my benefits?....
27
ARTICLE VII
IN SERVICE DISTRIBUTIONS
Can I withdraw money from my account while
working?...................................................................
27
Can I withdraw money from my account in the event of financial
hardship?........................................
27
ARTICLE VIII
TAX TREATMENT OF DISTRIBUTIONS
What are my tax consequences when I receive a distribution from
the Plan?......................................
29
Can I reduce or defer tax on my
distribution?...................................................................................
29
ARTICLE IX
HOURS OF SERVICE
What is an Hour of
Service?............................................................................................................
30
How are Hours of Service
credited?................................................................................................
30
ARTICLE X
LOANS
May I borrow money from the
Plan?................................................................................................
30
What are the loan rules and
requirements?........................................................................................
30
ARTICLE XI
YOUR PLAN'S TOP-HEAVY RULES
What is a top-heavy
plan?................................................................................................................
30
What happens if the Plan becomes
top-heavy?.................................................................................
31
ARTICLE XII
PROTECTED BENEFITS AND CLAIMS PROCEDURES
Is my benefit
protected?...................................................................................................................
31
Are there any exceptions to the general
rule?....................................................................................
31
Can the Plan be
amended?...............................................................................................................
32
What happens if the Plan is discontinued or
terminated?....................................................................
32
How do I submit a claim for Plan
benefits?.......................................................................................
32
What if my benefits are
denied?........................................................................................................
32
What is the Claims Review
Procedure?............................................................................................
34
What are my rights as a Plan
participant?..........................................................................................
35
What can I do if I have questions or my rights are
violated?..............................................................
37
ARTICLE XIII
GENERAL INFORMATION ABOUT THE PLAN
General Plan
Information..................................................................................................................
37
Employer
Information......................................................................................................................
38
Administrator
Information................................................................................................................
38
Trustee
Information..........................................................................................................................
38
<00Q7>LEESON
ELECTRIC 401(K) PLAN<\00Q7>
****F5000H
2.0 UNMODIFIED
SUMMARY PLAN
DESCRIPTION
****F5000I
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INTRODUCTION TO YOUR PLAN
****F5013y 3.0 UNMODIFIED
<00Bg>LEESON
Electric 401(k)
Plan<\00Bg><00NU><\00NU><00df><\00df><00dg><\00dg><00dh><\00dh>
("Plan") has been adopted to provide you with the
opportunity to save for retirement<00lA> on a tax-deferred
basis<\00lA>. This Summary Plan Description ("SPD")
contains valuable information regarding when you may become eligible
to participate in the Plan, your Plan benefits, your distribution
options, and many other features of the Plan. You should take the
time to read this SPD to get a better understanding of your rights
and obligations in the Plan.
****F5000K 3.0 UNMODIFIED
We have attempted
to answer most of the questions you may have regarding your benefits
in the Plan. If this SPD does not answer all of your questions,
please contact the Administrator (or other Plan representative). The
Administrator has the complete power, in its sole discretion, to
determine all questions arising in connection with the
administration, interpretation, and application of the Plan (and any
related documents and underlying policies). Any such determination by
the Administrator shall be conclusive and binding upon all persons.
The name and address of the Administrator can be found in the Article
of this SPD entitled "General Information About The Plan".
****F5000L 5.0 UNMODIFIED
This SPD describes
the Plan's benefits and obligations as contained in the legal Plan
document, which governs the operation of the Plan. The Plan document
is written in much more technical and precise language. If the
non technical language in this SPD and the technical, legal
language of the Plan document conflict, the Plan document always
governs. If you wish to receive a copy of the legal Plan document,
please contact the Administrator.
****F5000M 3.0 UNMODIFIED
This SPD describes
the current provisions of the Plan, which are designed to comply with
applicable legal requirements. The Plan is subject to federal laws,
such as the Employee Retirement Income Security Act ("ERISA"),
the Internal Revenue Code, and other federal and state laws that may
affect your rights. The provisions of the Plan are subject to
revision due to changes in laws or due to pronouncements by the
Internal Revenue Service ("IRS") or Department of Labor
("DOL"). We may also amend this Plan. If the provisions
under this SPD change as a result of changes to the Plan, we will
notify you.
****F5000N 2.0 UNMODIFIED
ARTICLE <N01>I<\N01>
PARTICIPATION IN THE PLAN
****F5000O 2.0 UNMODIFIED
Am I eligible to participate in the Plan?
****F5000P 5.0 UNMODIFIED
<00QA>Provided you are not an Excluded Employee, you<\00QA>
are eligible to participate in the Plan once you satisfy the Plan's
eligibility conditions described in the next question. <00h4>Then,
you may elect to have your compensation reduced by a specific
percentage or dollar amount, and have that amount contributed to the
Plan as a salary deferral. You may also be entitled to contributions
from us.<\00h4>
****F5000R 2.0 UNMODIFIED
If you are a member of a class of employees identified below, you are
an Excluded Employee for purposes of the Plan. The Excluded Employees
are:
****F5000S 2.0 UNMODIFIED

with respect to
<00Qo>salary deferrals, matching contributions, and profit
sharing contributions<\00Qo>, union employees whose employment
is governed by a collective bargaining agreement under which
retirement benefits were the subject of good faith bargaining, unless
such agreement expressly provides for participation in this Plan.
****F5000T 2.0 UNMODIFIED

with respect to
<00Qp>salary deferrals, matching contributions, and profit
sharing contributions<\00Qp>, certain nonresident aliens who
have no earned income from sources within the United States.
****F5000u 2.0 UNMODIFIED
When am I eligible to participate in the Plan?
****F5000v 5.0 UNMODIFIED
<00Qf>Provided
you are not an Excluded Employee, you<\00Qf> will be eligible
to participate in the Plan <00Qh>once you satisfy the service
requirement described below<\00Qh>.
****F50010 4.0 UNMODIFIED
The service
requirement for <00bV>salary deferrals, matching contributions,
and profit sharing contributions<\00bV> is
<00Qt>6<\00Qt>
month(s) of service <00yB>during which you complete at
least 1 Hour(s) of Service. If you do not satisfy the Hour(s) of
Service requirement during your first 6 month(s) of service, you will
be eligible once you complete one Year of Service<\00yB>.
****F5009M 4.0 UNMODIFIED
You will have
completed a Year of Service if, at the end of your first twelve
consecutive months of employment with us, you have been credited with
at least <00RA>1000<\00RA> Hour(s) of Service. If you
have not been credited with <00RA>1000<\00RA> Hour(s) of
Service by the end of your first twelve consecutive months of
employment, you will have completed a Year of Service <00RB>at
the end of any following Plan Year during which you are credited with
at least 1000 Hour(s) of Service<\00RB>.
****F5002b 5.0 UNMODIFIED
You will actually
enter the Plan once you reach the entry date as described in the next
question.
****F5001L 2.0 UNMODIFIED
When is my entry date?
****F5013z 5.0 UNMODIFIED
<00RC>Provided you are not an Excluded Employee, you<\00RC>
may begin participating in the Plan once you have satisfied the above
eligibility requirements and reached your entry date. The following
describes the specific entry date that applies in the Plan.
****F5106S 2.0 UNMODIFIED
For <00Vi>salary
deferrals, matching contributions, and profit sharing
contributions<\00Vi>, your entry date is the first day of the
Plan Year quarter <00Vj>coinciding with or next
following<\00Vj> the date you meet the eligibility requirements
described above.
****F5109G 3.0 UNMODIFIED
Special rules may
apply if you terminate employment and are then rehired. If you have
questions about the timing of your Plan participation, please contact
the Administrator.
****F5001Q 2.0 UNMODIFIED
Does all my service with the Employer count for purposes of Plan
eligibility?
****F5001R 2.0 UNMODIFIED
In determining
whether you satisfy the service requirements for participation in the
Plan, all service you perform for us will generally be counted.
However, there are some exceptions to this general rule.
****F5001S 2.0 UNMODIFIED
Break in
Service rules
. If you terminate employment and are rehired, you
may "lose" credit for prior service under the Plan's Break
in Service rules. For eligibility purposes, you will have a Break in
Service if you complete less than 501 Hours of Service during the
<00iE>Plan Year<\00iE>. However, if you are absent from
work for certain leaves of absence such as a maternity or paternity
leave, you may be credited with 501 Hours of Service to prevent a
Break in Service.
If you are a veteran and are reemployed under the Uniformed Services
Employment and Reemployment Rights Act of 1994, your qualified
military service may be considered service with us. If you may be
affected by this law, ask your Administrator for further details.
The Administrator
monitors the Break in Service rules and can provide you with
additional information on the effect of these rules. While these
eligibility Break in Service rules may delay you from participating
in the Plan, they will never cause you to lose any benefits to which
you have already become entitled.
****F5009E 2.0 UNMODIFIED
What happens if I'm a participant, terminate employment, and then
I'm rehired?
****F5009F 2.0 UNMODIFIED
If you are no longer a participant because you terminated employment
and you are rehired, you will continue to participate in the Plan in
the same manner as if your termination had not occurred.
****F5009P 2.0 UNMODIFIED
ARTICLE <N01>II<\N01>
CONTRIBUTIONS
****F5009Q 2.0 UNMODIFIED
What kind of plan is this?
****F5009R 2.0 UNMODIFIED
This Plan is a type of qualified retirement plan commonly referred to
as a 401(k) plan. As a participant in the Plan, you may elect to
reduce your compensation by a specific percentage or dollar amount
and have that amount contributed to the Plan on a pre tax basis
as a salary deferral. You generally are not taxed on your salary
deferrals until you withdraw those amounts from the Plan. <00RP>In
addition, we may make additional contributions to the Plan on your
behalf.<\00RP> This Article describes the types of
contributions that may be made to the Plan and how these monies will
be allocated to your account to provide for your retirement benefit.
****F5009S 2.0 UNMODIFIED
Do I have to contribute money to the Plan in order to participate?
****F5009T 2.0 UNMODIFIED
No, you are not required to contribute any money in order to
participate in our Plan. <00RR>However, you may receive
additional amounts if you do contribute.<\00RR>
****F5009c 2.0 UNMODIFIED
How much may I contribute to the Plan?
****F5009d 5.0 UNMODIFIED
<00Rb>You<\00Rb> may elect to defer <00Rd>at least
1% of your compensation per payroll period<\00Rd><00bi><\00bi>
instead of receiving that amount in cash.<00cs><\00cs>
The amount you elect to defer, and any earnings on that amount, will
not be subject to income tax until it is actually distributed to you.
However, the amount you defer is counted as compensation for Social
Security taxes.
****F5009h
5.0 UNMODIFIED
The Administrator will allocate the amount you elect to
defer<012o><\012o> to an account maintained on your
behalf. You will always be 100% vested in this account. This means
that you will always be entitled to all amounts that you defer. This
money will, however, be affected by any investment gains or losses.
If there is an investment gain, the balance in your account will
increase. If there is an investment loss, the balance in your account
will decrease.
****F5100V
5.0 UNMODIFIED
Your total
deferrals in any taxable year may not exceed a dollar limit that is
set by law. The limit is $11,000 (for 2002), $12,000 (for 2003),
$13,000 (for 2004), $14,000 (for 2005), and $15,000 (for 2006). This
limit may be increased after 2006 for cost of living
changes. The Plan Administrator will inform you each year of the
maximum amount that you may contribute as salary deferrals.
****F5009e 3.0 UNMODIFIED
You should also be
aware that the annual dollar limit is an aggregate limit that applies
to all deferrals you may make under this Plan or other cash or
deferred arrangements (including tax sheltered 403(b) annuity
contracts, simplified employee pensions, or other 401(k) plans in
which you may be participating). Generally, if your total deferrals
under all cash or deferred arrangements for a calendar year exceed
the annual dollar limit, the excess must be included in your income
for the year. For this reason, it is desirable to request in writing
that these excess deferrals be returned to you. If you fail to
request such a return, you may be taxed a second time when the excess
deferral is ultimately distributed from the Plan.
****F5009f 5.0 UNMODIFIED
If your deferrals
for a year exceed the limit described above, you must decide which
plan or arrangement you would like to have return the excess. If you
decide that the excess should be distributed from this Plan, you must
communicate this in writing to the Administrator no later than the
March 1st following the close of the calendar year in which such
excess deferrals were made. However, if the entire dollar limit is
exceeded in this Plan or any other plan we maintain, then you will be
deemed to have notified the Administrator of the excess. The
Administrator will then return the excess deferral and any earnings
to you by April 15th.
****F5009j 4.0 UNMODIFIED
Distributions from
amounts attributable to your salary deferrals before you terminate
employment are permitted in the following circumstances:
****F5009k 2.0 UNMODIFIED

upon your attainment of age <00Ua>59 1/2<\00Ua>. (See the
question "Can I withdraw money from my account while working?"
for more information on in-service withdrawals of your salary
deferrals.)
****F5009l 2.0 UNMODIFIED

if you incur a proven financial hardship. (See the question "Can
I withdraw money from my account in the event of financial hardship?"
for more information on hardship withdrawals of your salary
deferrals.)
****F500Kt 5.0 UNMODIFIED
If you wish to
make a withdrawal from your salary deferrals, you (and your spouse,
if you are married) must first waive the annuity form of payment.
(See the Article entitled "Form of Benefit Payment" for a
further explanation of how benefits are paid from the Plan.)
****F5009o 5.0 UNMODIFIED
In the event you
receive a hardship distribution from your salary deferrals to this
Plan, you will not be allowed to make additional salary deferrals for
a period of <012p>six (6) months<\012p> after you receive
the distribution.<012q><\012q>
****F5009p 5.0 UNMODIFIED
<00W7>In
addition, if<\00W7> you are a highly compensated employee
(generally owners or individuals receiving wages in excess of certain
amounts established by law), a distribution from amounts attributable
to your salary deferrals of certain excess contributions may be
required to comply with the law.<00Rf><\00Rf> The
Administrator will notify you when a distribution<00Rg><\00Rg>
is required.
****F5009q 2.0 UNMODIFIED
How often can I modify the amount I contribute?
****F5009r 4.0 UNMODIFIED
The amount you elect to <00W8>defer<\00W8> will be
deducted from your pay in accordance with a procedure established by
the Administrator. The procedure will require that you enter into a
written <00W9>salary deferral<\00W9> agreement
<00WQ>after you satisfy the Plan's eligibility
requirements<\00WQ>. You may elect to <00W8>defer<\00W8>
a portion of your salary as of <00WR>your entry date<\00WR>.
Such election will become effective as soon as is administratively
feasible after that date. Your election will remain in effect until
you modify or terminate it. You may modify your election as of the
date(s) indicated in the <00W9>salary deferral<\00W9>
agreement. The modification will become effective as soon as is
administratively feasible after that date. You are also permitted to
revoke your election as of the date(s) indicated in the <00W9>salary
deferral<\00W9> agreement.
****F5009t 2.0 UNMODIFIED
Will the Employer contribute to the Plan?
****F5009u 5.0 UNMODIFIED
Each year, in
addition to your <00WA>salary deferrals<\00WA><00Rh><\00Rh>,
we may contribute to the Plan the following:
****F5009v 3.0 UNMODIFIED

matching contributions<00dW> (including qualified matching
contributions (QMACs))<\00dW>.
****F5009w 2.0 UNMODIFIED

profit sharing contributions.
****F5009z 2.0 UNMODIFIED
What is the Employer matching contribution?
****F500A1 5.0 UNMODIFIED
<00Rq>We<\00Rq> may make a matching contribution equal to
a discretionary percentage of your <00WE>salary
deferrals<\00WE><00WF><\00WF><00WG><\00WG>,
which percentage we will determine each year.<00Rs> Note that
this contribution will not take into consideration your contributions
that exceed a dollar amount or percentage of your compensation as
determined by us.<\00Rs><00Rt><\00Rt><00Rn><\00Rn><00Ro><\00Ro>
****F500AI 3.0 UNMODIFIED
<00fu>The<\00fu>
Administrator will allocate to your account the matching contribution
made to the Plan on your behalf <00Sa>each payroll
period<\00Sa>.
****F500AJ 2.0 UNMODIFIED
In addition to the
above, we may make <00Sb>a QMAC<\00Sb> equal to a fixed
percentage of your salary deferrals. In making this contribution, we
may limit the amount of your deferrals taken into consideration.
<00Sc>In addition, this contribution will be made to non-highly
compensated employees only.<\00Sc> You will share in this QMAC
if you make salary deferrals during the applicable period. <00Sd>You
will be automatically 100% vested in any QMACs we may make.<\00Sd>
****F500AM 3.0 UNMODIFIED
What is the Employer profit sharing contribution?
****F500AN 3.0 UNMODIFIED
Our profit sharing contribution is discretionary, with the amount
being determined by us each year.
****F500Kw 5.0 UNMODIFIED
<012v>The<\012v>
Administrator will allocate to your account the profit sharing
contribution made to the Plan on your behalf <012w>at the end
of the Plan Year<\012w>.
****F500AQ 2.0 UNMODIFIED
How will the Employer profit sharing contribution be allocated to
my account?
****F500AR 2.0 UNMODIFIED
Any profit sharing
contribution will be "allocated" or divided among
participants eligible to share in the contribution for the Plan Year.
****F500AS 3.0 UNMODIFIED
In order to share in any profit sharing contribution,<00rS><\00rS>
you must satisfy the following conditions:
****F500AU 5.0
UNMODIFIED

You must be actively employed on the last day of the <012y>Plan
Year<\012y>.
****F500AX 5.0 UNMODIFIED
Note
that
you will share in the profit sharing contribution for the year
regardless of the above in the year of your <00Sq>death,
disability, or retirement at or after Normal Retirement Age<\00Sq>.
****F500Aa 2.0 UNMODIFIED
Your share of any discretionary profit sharing contribution is
determined by the following fraction:
Profit Sharing Contribution
X
Your Compensation
Total Compensation of All
Participants Eligible to
Share
****F500Ab 2.0 UNMODIFIED
For example:
Suppose the profit sharing contribution for the Plan Year is $20,000.
Employee A's compensation for the Plan Year is $25,000. The total
compensation of all participants eligible to share, including
Employee A, is $250,000. Employee A's share will be:
****F500Ac 2.0 UNMODIFIED
$20,000
X
$25,000
or
$2,000
$250,000
****F500Ax 2.0 UNMODIFIED
What compensation is used to determine my Plan benefits?
****F500Ay 5.0 UNMODIFIED
For purposes of
the Plan, compensation has a special meaning. Compensation is defined
as your total compensation paid to you and that is subject to income
tax. That is, all of your compensation paid to you by us during the
<00ct>Plan Year<\00ct><00T3> that is reported on
your W-2 Form<\00T3>, including any salary deferrals you
make<00WS> to this Plan,<\00WS> to a Section 125
cafeteria plan, or to a Section 457 plan, and for qualified
transportation fringes. <00T4>However, the definition of
compensation will vary as described below.<\00T4>
****F500B2 2.0 UNMODIFIED

For purposes of <00TG>profit sharing contributions<\00TG>,
bonuses will be excluded<00TH><\00TH>.
****F500B4 2.0 UNMODIFIED

For purposes of <00TP>profit sharing contributions<\00TP>,
<00TQ>Fringe pay and disability pay<\00TQ><00TH><\00TH>.
****F500B9 2.0 UNMODIFIED
If you are a
self employed individual, your compensation will be equal to
your earned income.
****F500BA 5.0 UNMODIFIED
Special rules
apply if you are only a participant in the Plan for a portion of the
period for which contributions are made. This will happen if, for any
reason, you begin participating in the Plan as of a date other than
the first day of that period. If this happens, your compensation will
be recognized only for the period in which you are actually a
participant in the Plan. This applies to these types of
contributions:
****F500BD 2.0 UNMODIFIED

matching contributions.
****F500BE 2.0 UNMODIFIED

profit sharing contributions.
****F500BG 5.0 UNMODIFIED
For
<00Td>certain<\00Td> purposes, your compensation will be
recognized for the entire Plan Year, even if you are not a
participant for the entire Plan Year.
****F500BH 2.0 UNMODIFIED
Is there a limit on the amount of compensation that can be
considered?
****F500BI 2.0 UNMODIFIED
The Plan, by law, cannot recognize annual compensation in excess of
$200,000. This amount may be adjusted after 2002 for cost of living
increases.
****F500BJ 2.0 UNMODIFIED
Are there limits on how much can be contributed to my account each
year?
****F500BK 3.0 UNMODIFIED
Generally, the law imposes a maximum limit on the amount of
contributions you may receive in the Plan. This limit applies to all
contributions we make on your behalf, all contributions you make to
the Plan, and any other amounts allocated to any of your accounts
during the Plan Year (such as forfeitures), excluding earnings.
Beginning in 2002, this total cannot exceed the lesser of $40,000 or
100% of your annual compensation. The dollar limit may be adjusted
after 2002 for cost-of-living increases.
****F500BT 2.0 UNMODIFIED
May I "roll over" payments from other retirement plans
or IRAs?
****F500BU 2.0 UNMODIFIED
At the discretion
of the Administrator, you may be permitted to deposit into the Plan
distributions you have received from other plans and certain IRAs.
Such a deposit is called a "rollover" and may result in tax
savings to you. You may ask your prior plan administrator or trustee
to directly transfer (a "direct rollover") to this Plan all
or a portion of any amount that you are entitled to receive as a
distribution from a prior plan. Alternatively, if you received a
distribution from a prior plan, you may elect to deposit any amount
eligible for rollover within 60 days of your receipt of the
distribution. You should consult qualified counsel to determine if a
rollover is permitted and in your best interest.
****F500BV 2.0 UNMODIFIED
Your rollover will
be placed in a separate account called a "rollover account."
You will always be 100% vested in your rollover account. This means
that you will always be entitled to all of your rollover
contributions. Rollover contributions will be affected by any
investment gains or losses.
****F500BW 2.0 UNMODIFIED
You may withdraw
the amounts in your "rollover account" at any time.
****F500BX 2.0 UNMODIFIED
How is the money in the Plan invested?
****F500Ba 2.0 UNMODIFIED
You will be able
to direct the investment of <00Tj>certain portions of<\00Tj>
your interest in the Plan. We have established participant direction
procedures setting forth investment choices available to you, the
frequency with which you can change your investment choices, and
instructions on how you can obtain other important information on
directed investments available from the Administrator. You should
request a copy of these procedures from the Administrator. You need
to follow these procedures when you direct investments. You should
review the information in these procedures carefully before you give
investment directions. In addition, the procedures indicate how you
can obtain other important information available from the
Administrator on directed investments.
****F500Bb 5.0 UNMODIFIED
The Plan is
intended to comply with Section 404(c) of ERISA. If the Plan complies
with this Section, then the fiduciaries of the Plan, including the
Employer, the Trustee, and the Administrator, will be relieved of any
legal liability for any losses that are the direct and necessary
result of the investment directions that you give. The procedures
discussed above must be followed in giving investment directions. If
you fail to do so, then your investment directions need not be
followed. You are not required to direct investments. If you choose
not to direct investments, then the <00Ti>Trustee<\00Ti>
is responsible for investing your accounts in a prudent manner.
****F500Bc 2.0 UNMODIFIED
When you direct
investments, your accounts are segregated for purposes of determining
the earnings or losses on these investments. Your account does not
share in the investment performance for other participants who have
directed their own investments.
****F500Bd 2.0 UNMODIFIED
You should
remember that the amount of your benefits in the Plan will depend in
part upon your choice of investments. Gains as well as losses can
occur. There are no guarantees of performance. The Employer, the
Administrator, and the Trustee will not provide investment advice or
guarantee the performance of any investment you choose.
****F500Bg 2.0 UNMODIFIED
ARTICLE <N01>III<\N01>
RETIREMENT BENEFITS
****F500Bh 2.0 UNMODIFIED
What benefits will I receive at normal retirement?
****F500Bi 2.0 UNMODIFIED
You will be entitled to all of your account balances at your Normal
Retirement Age. However, the actual payment of your benefits may
generally not <00Tl>occur<\00Tl> until your actual
retirement. In such event, a distribution will be made, at your
election, as soon as is administratively feasible. If you continue
working after your Normal Retirement Age, you may generally defer
receipt of your benefits until your Late Retirement Date.
****F500Bj 2.0 UNMODIFIED
You will attain
your Normal Retirement Age when you attain age
<00Tm>65<\00Tm><006U><\006U><00Tn><\00Tn>.
Your Late Retirement Date is the date you choose to retire after
first having reached your Normal Retirement Age.
****F500Bo 2.0 UNMODIFIED
What happens if I leave the Employer's workforce before I retire?
****F500Bp 5.0 UNMODIFIED
This Plan is
designed to encourage you to stay with us until retirement. However,
if you terminate your employment with us before your retirement date
and the value of your vested benefit <00sZ>(excluding, for
distributions amounts attributable to rollovers)<\00sZ> is
$5,000 or less, <00sa>a<\00sa> distribution will be made
to you in a lump sum within a reasonable time after <00Tv>you
terminate employment<\00Tv>. (See the question in Article V
"How will my benefits be paid?" for a further explanation
of how benefits are paid from the Plan.)
****F500Bq 3.0 UNMODIFIED
If you terminate
your employment with us before your retirement date and the value of
your vested benefit <00sZ>(excluding, for distributions amounts
attributable to rollovers)<\00sZ> is more than $5,000,
<00sa>a<\00sa> distribution will be made to you within a
reasonable time after <00Tx>you terminate employment<\00Tx>.
In this case, however, you<00Ty><\00Ty> must consent to
the distribution.
****F500Br 4.0 UNMODIFIED
If your employment
terminates for reasons other than <00U2>death, disability, or
retirement<\00U2>, you will be entitled to receive only your
"vested percentage" of your account balance. (See the next
question "What is my vested interest in my account?" for
more information.)
****F500Bs 2.0 UNMODIFIED
What is my vested interest in my account?
****F500Bt 3.0 UNMODIFIED
You are always
100% vested in (meaning you are entitled to all of the amounts in)
your account attributable to your<00VU> salary
deferrals<\00VU><00U3>, as well as in the
following:<\00U3>
****F500Bv 2.0 UNMODIFIED

your own rollover
contributions.
****F500C2 2.0 UNMODIFIED

QMAC contributions.
****F50140 4.0 UNMODIFIED
<00sb>Effective
The vesting schedules selected under Part 6 of this Agreement are
effective: for employees hired after December 1, 2002. Employee hired
on or before December 1, 2002 will receive 100% full and immediate
vesting in all employer contributions., your<\00sb> "vested
percentage" in your account <00U4>attributable to your
matching and profit sharing contributions<\00U4> is determined
under the following schedule<00U5>s<\00U5> and is based
on vesting Years of Service. This means your account balance at the
time you stop working that is attributable to those contributions is
multiplied by your vested percentage. The result is your vested
benefit, which, when added to the amounts that are always 100% vested
as shown above,
is what you will actually receive from the
Plan. You will always, however, be 100% vested if you are employed on
or after your<00lB><\00lB> Normal Retirement Age.
****F500C6 2.0 UNMODIFIED
Vesting Schedule
Profit Sharing Contributions
Years of Service
Percentage
****F500C7 2.0 UNMODIFIED
Less than 3
build.cRightJustifyPara;0%
3
build.cRightJustifyPara;100%
****F5107R 5.0 UNMODIFIED
Vesting Schedule
Matching Contributions
Years of Service
Percentage
Less than 3
build.cRightJustifyPara;0%
3
build.cRightJustifyPara;100%
****F500CL 5.0 UNMODIFIED
How do I determine my Years of Service for vesting purposes?
****F500CP 5.0 UNMODIFIED
You will earn a Year of Service for each year you are employed by us,
beginning with your initial employment date, without regard to the
Hours of Service you complete during the year. The Plan contains
specific rules for crediting Years of Service for vesting purposes.
The Administrator will track your service and will credit you with
Years of Service in accordance with the terms of the Plan. If you
have any questions regarding your vesting service, you should contact
the Administrator.
****F500CQ 5.0 UNMODIFIED
Does all my service count for vesting purposes?
****F500CR 5.0 UNMODIFIED
In calculating
your vested percentage, all service you perform for
us<00UG><\00UG><00UH><\00UH><00UI><\00UI>
will generally be counted. However, there are some exceptions to this
general rule.
****F500CV 5.0 UNMODIFIED
Break in
Service rules.
If you terminate employment and are rehired, you
may "lose" credit for prior service under the Plan's Break
in Service rules. For vesting purposes, you will have a Break in
Service if you are not employed with us for a period of at least
twelve consecutive months. However, if you are absent from work for
certain leaves of absence such as a maternity or paternity leave, the
twelve-consecutive-month period beginning on the first anniversary of
the first day of such absence will not constitute a Break in Service.
The Administrator
monitors the Break in Service rules and can provide you with
additional information on the effect of these rules.
****F500CZ 5.0 UNMODIFIED
As a veteran, will my military service count as service with the
Employer?
****F500Ca 5.0 UNMODIFIED
If you are a veteran and are reemployed under the Uniformed Services
Employment and Reemployment Rights Act of 1994, your qualified
military service may be considered service with us. If you may be
affected by this law, ask your Administrator for further details.
****F500Cb
4.0 UNMODIFIED
What happens to the non vested portion of a terminated
participant's account?
****F500Cc 5.0 UNMODIFIED
If you are not vested or are partially vested in your account balance
when you leave, the non vested portion of your account balance
will be forfeited on the earlier of:
****F500Cd 5.0 UNMODIFIED
(<N03>a<\N03>) the distribution of your entire vested
account balance, or
****F500Ce 5.0 UNMODIFIED
(<N03>b<\N03>) your incurring five consecutive one-year
Breaks in Service.
****F500Cg 5.0 UNMODIFIED
Forfeitures of
matching contributions<00UK><\00UK> are <00sK>used
to reduce the matching contribution<\00sK>
.
****F500Ch 5.0 UNMODIFIED
Forfeitures of
profit sharing contributions<00UK><\00UK> are <00UQ>used
to reduce the profit sharing contribution<\00UQ>
.
****F500Ck 5.0 UNMODIFIED
What happens if I'm rehired?
****F500Cm 5.0 UNMODIFIED
<00UR>If<\00UR>
you return to service with us, your service before you left will
count as vesting service with respect to future contributions made to
the Plan. In addition, your Years of Service that you complete after
your reemployment may count as vesting service with respect to
contributions made prior to your termination<00VF><\00VF>.
****F500Cn 5.0 UNMODIFIED
If you received a
distribution of your vested account balance and are reemployed, you
may have the right to repay this distribution. If you repay the
entire amount of the distribution, we will restore your account
balance with your forfeited amount. You must repay this distribution
within five years from your date of reemployment, or, if earlier,
before you incur five consecutive Breaks in Service. If you were
fully vested when you left, you do not have the opportunity to repay
your distribution.
****F500Co 5.0 UNMODIFIED
Note
that
if you received a "deemed" distribution because you were
totally nonvested when you terminated your employment, your nonvested
benefit will automatically be restored within a reasonable time
following your reemployment, provided you have not incurred five
consecutive Breaks in Service.
****F500Cp 2.0 UNMODIFIED
ARTICLE <N01>IV<\N01>
DISABILITY BENEFITS
****F500Cq 2.0 UNMODIFIED
How is disability defined?
****F500Cr 2.0 UNMODIFIED
In the Plan, <00VD>disability is defined as your inability to
engage in any substantial gainful activity by reason of a medically
determinable physical or mental impairment that can be expected to
result in death or that has lasted (or can be expected to last) for a
continuous period of not less than 12 months. Your disability will be
determined by a licensed physician chosen by the
Administrator<\00VD>.
****F500Cs 2.0 UNMODIFIED
What happens if I become disabled?
****F500Ct 2.0 UNMODIFIED
If you become
disabled while a participant, you will be entitled to <00US>100%
of your<\00US> account balance. Payment of your disability
benefits will be made to you <00UT>as soon as is
administratively feasible after you retire due to a
disability<\00UT>. (See the question entitled "How will my
benefits be paid?" for more information.)
****F500Cu 2.0 UNMODIFIED
ARTICLE <N01>V<\N01>
FORM OF BENEFIT PAYMENT
****F500Cv 2.0 UNMODIFIED
How will my benefits be paid?
****F500Cw 5.0 UNMODIFIED
<00se>Effective
March 1, 2003. Prior to March 1, 2003, Installment payments and Joint
& Survivor Annuity payments are permitted., all<\00se>
distributions from the Plan will be made in one lump sum payment
in cash or in property. If your vested benefit in the Plan
<00sZ>(excluding, for distributions amounts attributable to
rollovers)<\00sZ> exceeds $5,000, you must consent to the
distribution before it may be made. If your vested benefit in the
Plan <00sZ>(excluding, for distributions amounts attributable
to rollovers)<\00sZ> does not exceed $5,000, then your benefit
must be distributed to you as soon as is administratively feasible
following the event that entitles you to a distribution.
****F500DG 2.0 UNMODIFIED
May I delay the receipt of benefits?
****F500DH 5.0 UNMODIFIED
Yes, you may delay the receipt of benefits <0130>, unless a
distribution is required to be made, as explained earlier, because
your vested benefit in the Plan (excluding, for distributions amounts
attributable to rollovers) does not exceed $5,000<\0130>.
However, in addition to the benefit payment mentioned above, there
are rules that require that certain minimum distributions be made
from the Plan. If you are a 5% owner, distributions are required to
begin not later than the April 1st following the end of the year in
which you reach age 70 1/2. If you are not a 5% owner,
distributions are required to begin not later than the April 1st
following the later of the end of the year in which you reach age
70 1/2 or retire. You should see the Administrator if you feel
you may be affected by these rules.
****F500DI 5.0 UNMODIFIED
If you are
not
a 5% owner and you have already been receiving distributions as of
<00Hc>1997<\00Hc> because you had attained age 70 1/2,
you may elect to stop receiving distributions until your retirement.
If you elect to suspend distributions, distributions will not be
required to begin again until April 1st of the calendar year
following the year in which you retire.
****F500DJ 2.0 UNMODIFIED
ARTICLE <N01>VI<\N01>
DEATH BENEFITS
****F500DK 2.0 UNMODIFIED
What happens if I die while working for the Employer?
****F500DL 5.0 UNMODIFIED
If you die while you are still employed by us, your
<00UV>entire<\00UV> account balance will be used to
provide your beneficiary with a death benefit.
****F500DM 2.0 UNMODIFIED
Who is the beneficiary of my death benefit?
****F500DN 5.0 UNMODIFIED
If you <017k>are married<\017k> at the time of your
death, your spouse will be the beneficiary of <00UW>the entire
death benefit<\00UW> unless an election is made to change the
beneficiary. IF YOU WISH TO DESIGNATE A BENEFICIARY OTHER THAN YOUR
SPOUSE, YOUR SPOUSE MUST IRREVOCABLY CONSENT TO WAIVE ANY RIGHT TO
THE <00UX>DEATH BENEFIT<\00UX>. YOUR SPOUSE'S CONSENT
MUST BE IN WRITING, BE WITNESSED BY A NOTARY OR A PLAN
REPRESENTATIVE, AND ACKNOWLEDGE THE SPECIFIC NON-SPOUSE BENEFICIARY.
****F500DO 3.0 UNMODIFIED
If you are
married, you have named someone other than your spouse to be your
beneficiary as described in the preceding paragraph, and you wish to
again change your beneficiary designation, your spouse must again
consent to the change, unless you are changing your designation to
name your spouse as your beneficiary.<00UZ><\00UZ> In
addition, you may elect a beneficiary other than your spouse without
your spouse's consent if your spouse cannot be located.
****F500DP 2.0 UNMODIFIED
If you are not
married, you may designate your beneficiary on a form to be supplied
to you by the Administrator.
****F500DQ 2.0 UNMODIFIED
In the event no valid designation of beneficiary exists, or if the
beneficiary is not alive at the time of your death, the death benefit
will be paid in the following order of priority to:<R03>
****F500DR 2.0 UNMODIFIED
(<N03>a<\N03>) Your surviving spouse;
****F500DS 2.0 UNMODIFIED
(<N03>b<\N03>) Your surviving children, in equal shares;
or
****F500DT 2.0 UNMODIFIED
(<N03>c<\N03>) Your estate.
****F500DU 2.0 UNMODIFIED
How will the death benefit be paid to my beneficiary?
****F500DW 5.0 UNMODIFIED
The death benefit
will be paid to your beneficiary in <00Wb>the following
manner:<\00Wb>
****F500Dd
2.0 UNMODIFIED

a single lump sum payment of your entire account balance.
****F500Di 2.0 UNMODIFIED
When must the last payment be made to my beneficiary?
****F500Dj 2.0 UNMODIFIED
If your designated beneficiary is a person (rather than your estate
or most trusts) then the distribution of your death benefit must
generally begin within one year of your death and must be paid in a
lump sum. If your spouse is the beneficiary, the start payments may
be delayed until the year in which you would have attained age
70 1/2. Generally, if your beneficiary is not a person, then
your entire death benefit must be paid within five years after your
death.
****F500Dk
5.0 UNMODIFIED
Since your spouse
<017l>has<\017l> certain rights in the death benefit, you
should immediately report any change in your marital status to the
Administrator.
****F500Dl
2.0 UNMODIFIED
What happens if I'm a participant, terminate employment, and die
before receiving all my benefits?
****F500Dm 2.0 UNMODIFIED
If you terminate employment with us and subsequently die, your
beneficiary will be entitled to the vested percentage of your
remaining account balance at the time of your death.
****F500Dp 4.0 UNMODIFIED
ARTICLE <N01>VII<\N01>
IN SERVICE DISTRIBUTIONS
****F500Dq 4.0 UNMODIFIED
Can I withdraw money from my account while working?
****F500Dr 4.0 UNMODIFIED
Generally, you may receive a distribution from the Plan prior to your
termination of employment if you satisfy certain conditions. These
conditions are described below. However, this distribution is not in
addition to your other benefits and will therefore reduce the value
of the benefits you will receive when you retire. Any
in-service
distribution is made at your election and will be made in accordance
with the forms of distribution in the Plan.
****F500Ds 4.0 UNMODIFIED
Also, the law
restricts any pre retirement distribution from certain accounts
maintained for you in the Plan before you reach age 59 1/2.
These accounts are generally the ones set up to receive<00bm>
your salary deferrals and other<\00bm> Employer contributions
used to satisfy special Plan rules.
****F500Dt 4.0 UNMODIFIED
<00sQ>You<\00sQ>
may request an in-service distribution as follows:
****F500Du 4.0 UNMODIFIED

With respect to your <00bp>salary deferrals and
QMACs<\00bp><00yG>, if any,<\00yG> in the following
instances:
****F500KW 4.0 UNMODIFIED

once you attain age <00Ua>59 1/2<\00Ua>.
****F500Dv 4.0 UNMODIFIED

With respect to your matching contributions, in the following
instance(s):
****F500Dw 2.0 UNMODIFIED

once you attain age <00kn>59 1/2<\00kn>.
****F500E2 4.0 UNMODIFIED

With respect to your profit sharing contributions, in the following
instance(s):
****F500E3
2.0 UNMODIFIED

once you attain age <00kn>59 1/2<\00kn>.
****F500E9 2.0 UNMODIFIED

With respect to rollovers from other plans, at any time and for any
reason.
****F500EA 5.0 UNMODIFIED

With respect to certain amounts that were transferred to this Plan
from another plan of the Employer, at any time and for any reason.
****F500EC 3.0 UNMODIFIED
Can I withdraw money from my account in the event of financial
hardship?
****F500ED 3.0 UNMODIFIED
Yes, if you satisfy certain conditions. This hardship distribution is
not in addition to your other benefits and will therefore reduce the
value of the benefits you will receive at retirement.
****F500EE 3.0 UNMODIFIED
<00sQ>You<\00sQ> may request a hardship withdrawal from
the following amounts:
****F500EF 2.0 UNMODIFIED

Your salary deferrals.
****F500EI 3.0 UNMODIFIED

Your rollovers from other plans.
****F500EJ 3.0 UNMODIFIED

Certain amounts that were transferred to this Plan from another plan
of the Employer.
****F500EM 3.0 UNMODIFIED
A hardship withdrawal may be made to satisfy certain immediate and
heavy financial needs that you have. A hardship distribution may only
be made for payment of the following:
****F500EN 3.0 UNMODIFIED

Expenses for medical care
(described in Section 213(d) of the Internal Revenue Code) previously
incurred by you or your dependent or necessary for you or your
dependent to obtain medical care.
****F500EO 3.0 UNMODIFIED

Costs directly related to the purchase of your principal residence
(excluding mortgage payments).
****F500EQ 3.0 UNMODIFIED

Tuition, related educational fees, and room and board expenses for
the next twelve (12) months of post secondary education for
yourself, your spouse or dependent.
****F500ER 3.0 UNMODIFIED

Amounts necessary to prevent your eviction from your principal
residence or foreclosure on the mortgage of your principal residence.
****F500ES 2.0 UNMODIFIED
If you have any of the above expenses, a hardship distribution can
only be made if you certify and agree that all of the following
conditions are satisfied:
****F500ET 2.0 UNMODIFIED

The distribution is not in excess of the amount of your immediate and
heavy financial need. The amount of your immediate and heavy
financial need may include any amounts necessary to pay any federal,
state, or local income taxes or penalties reasonably anticipated to
result from the distribution.
****F500EU 2.0 UNMODIFIED

You have obtained all distributions, other than hardship
distributions, and all nontaxable (at the time of the loan) loans
currently available under all plans maintained by your Employer.
****F500EV 5.0 UNMODIFIED

That your <00gi>salary
deferrals<\00gi><00bk><\00bk><00Vd><\00Vd>
will be suspended for at least <012p>six (6) months<\012p>
after your receipt of the hardship distribution.
****F500EX 3.0 UNMODIFIED
In addition to
these rules, there are restrictions placed on hardship distributions
that are made from your salary deferrals. Any hardship distribution
from these amounts will be limited, as of the date of distribution,
to the balance of your salary deferral account as of the end of the
last Plan Year ending before July 1, 1989, plus your total
salary deferrals
after such date, reduced by the amount of any
previous distributions made to you from your salary deferral account.
Ask the Administrator if you need further details.
****F500Ec 2.0 UNMODIFIED
ARTICLE <N01>VIII<\N01>
TAX TREATMENT OF DISTRIBUTIONS
****F500Ed 2.0 UNMODIFIED
What are my tax consequences when I receive a distribution from
the Plan?
****F500Ee 3.0 UNMODIFIED
Generally, you must include any Plan distribution in your taxable
income in the year in which you receive the distribution. The tax
treatment may also depend on your age when you receive the
distribution. Certain distributions made to you when you are under
age 59 1/2 could be subject to an additional 10%
tax.<00Uj><\00Uj>
****F500Ef 2.0 UNMODIFIED
Can I reduce or defer tax on my distribution?
****F500Eg 2.0 UNMODIFIED
You may reduce, or defer entirely, the tax due on your distribution
through use of one of the following methods:<R03>
****F500Eh 2.0 UNMODIFIED
(<N03>a<\N03>)
The rollover of all or a portion of the distribution to an Individual
Retirement Account or Annuity (IRA) or another qualified employer
plan. This will result in no tax being due until you begin
withdrawing funds from the IRA or other qualified employer plan. The
rollover of the distribution, however, MUST be made within strict
time frames (normally, within 60 days after you receive your
distribution). Under certain circumstances all or a portion of a
distribution <00lC>(such as a hardship distribution)<\00lC>
may not qualify for this rollover treatment. In addition, most
distributions will be subject to mandatory federal income tax
withholding at a rate of 20%. This will reduce the amount you
actually receive. For this reason, if you wish to roll over all or a
portion of your distribution amount, the direct transfer option
described in paragraph (b) below would be the better choice.
****F500Ei 3.0 UNMODIFIED
(<N03>b<\N03>)
For most distributions, you may request that a direct transfer
(sometimes referred to as a direct rollover) of all or a portion of a
distribution be made to either an Individual Retirement Account or
Annuity (IRA) or another qualified employer plan willing to accept
the transfer. A direct transfer will result in no tax being due until
you withdraw funds from the IRA or other qualified employer plan.
Like the rollover, under certain circumstances all or a portion of
the amount to be distributed may not qualify for this direct
transfer. If you elect to actually receive the distribution rather
than request a direct transfer, then in most cases 20% of the
distribution amount will be withheld for federal income tax
purposes.<00Ul><\00Ul>
****F500Ej 3.0 UNMODIFIED
WHENEVER YOU RECEIVE A DISTRIBUTION, THE ADMINISTRATOR WILL DELIVER
TO YOU A MORE DETAILED EXPLANATION OF THESE OPTIONS. HOWEVER, THE
RULES THAT DETERMINE WHETHER YOU QUALIFY FOR FAVORABLE TAX TREATMENT
ARE VERY COMPLEX. YOU SHOULD CONSULT WITH QUALIFIED TAX COUNSEL
BEFORE MAKING A CHOICE.
****F500Ek 2.0 UNMODIFIED
ARTICLE <N01>IX<\N01>
HOURS OF SERVICE
****F500El 2.0 UNMODIFIED
What is an Hour of Service?
****F500Em 2.0 UNMODIFIED
You will be credited with an Hour of Service for:<R03>
****F500En 2.0 UNMODIFIED
(<N03>a<\N03>) each hour for which you are directly or
indirectly compensated by your Employer for the performance of duties
during the Plan Year;
****F500Eo 3.0 UNMODIFIED
(<N03>b<\N03>) each hour for which you are directly or
indirectly compensated by us for reasons other than the performance
of duties (such as vacation, holidays, sickness, disability, lay off,
military duty, jury duty, or leave of absence during the Plan Year);
and
****F500Ep 2.0 UNMODIFIED
(<N03>c<\N03>)
each hour for back pay awarded or agreed to by the Employer.
****F500Eq 2.0 UNMODIFIED
You will not be
credited for the same Hours of Service both under (a) or (b), as the
case may be, and under (c).
****F500Er 5.0 UNMODIFIED
How are Hours of Service credited?
****F500Es 5.0 UNMODIFIED
<00Um>For eligibility purposes, you<\00Um> will be
credited with your actual Hours of Service.
****F500Ew 2.0 UNMODIFIED
ARTICLE <N01>X<\N01>
LOANS
****F500Ex 2.0 UNMODIFIED
May I borrow money from the Plan?
****F500Ey 2.0 UNMODIFIED
Yes. You may request a participant loan using an application form
provided by the Administrator. Your ability to obtain a participant
loan depends on several factors. The Administrator will determine
whether you satisfy these factors.
****F500Ez 2.0 UNMODIFIED
What are the loan rules and requirements?
****F500F0 2.0 UNMODIFIED
There are various rules and requirements that apply for any loan.
These rules and requirements are outlined in a written loan policy.
You can request a copy of the loan program from the Administrator.
****F500FJ 2.0 UNMODIFIED
The Administrator
may periodically revise the Plan's loan policy. If you have any
questions on participant loans or the current loan policy, please
contact the Administrator.
****F500FK 2.0 UNMODIFIED
ARTICLE <N01>XI<\N01>
YOUR PLAN'S TOP-HEAVY RULES
****F500FL 2.0 UNMODIFIED
What is a "top-heavy" plan?
****F500FM 5.0 UNMODIFIED
A retirement plan
that primarily benefits "key employees"
is called a "top-heavy plan". Key employees are certain
owners or officers of our organization. A plan is generally a
"top-heavy plan" when more than 60% of the plan assets are
in the accounts of key employees.
****F500FN 2.0 UNMODIFIED
Each year, the
Administrator is responsible for determining whether this Plan is a
"top-heavy plan".
****F500FO 2.0 UNMODIFIED
What happens if the Plan becomes top-heavy?
****F500FP 2.0 UNMODIFIED
If the Plan becomes top-heavy in any Plan Year, then<00cu>
non-key<\00cu> employees will be entitled to certain "top-heavy
minimum benefits", and other special rules will apply. Among
these top-heavy rules are the following:
****F500FQ 2.0 UNMODIFIED

We may be required to make a contribution to your account in order to
provide you with at least "top-heavy minimum benefits".
****F500FR 5.0 UNMODIFIED

Your nonforfeitable right to benefits or contributions derived from
<00Uq>matching contributions and profit sharing
contributions<\00Uq> will be determined according to the
following schedule<00Ur>s<\00Ur>:
****F500FT 2.0 UNMODIFIED
Vesting Schedule
Profit Sharing Contributions
Years of Service
Percentage
****F500FU 2.0 UNMODIFIED
Less than 3
build.cRightJustifyPara;0%
3
build.cRightJustifyPara;100%
****F500FX 2.0 UNMODIFIED
Vesting Schedule
Matching Contributions
Years of Service
Percentage
****F500FY 2.0 UNMODIFIED
Less than 3
build.cRightJustifyPara;0%
3
build.cRightJustifyPara;100%
****F500Fd 2.0 UNMODIFIED

If you are a participant
in more than one plan, you may not be entitled to "top-heavy
minimum benefits" under both plans.
****F500Fe 5.0 UNMODIFIED
ARTICLE <N01>XII<\N01>
PROTECTED BENEFITS AND CLAIMS PROCEDURES
****F500Ff 2.0 UNMODIFIED
Is my benefit protected?
****F500Fg 2.0 UNMODIFIED
As a general rule, your interest in your account, including your
"vested interest," may not be alienated. This means that
your interest may not be sold, used as collateral for a loan
<00V0>(other than for a Plan loan)<\00V0>, given away, or
otherwise transferred. In addition, your creditors may not attach,
garnish, or otherwise interfere with your account.
****F500Fh 2.0 UNMODIFIED
Are there any exceptions to the general rule?
****F500Fi 2.0 UNMODIFIED
There are two exceptions to this general rule. The Administrator must
honor a "qualified domestic relations order". A "qualified
domestic relations order" is defined as a decree or order issued
by a court that obligates you to pay child support or alimony, or
otherwise allocates a portion of your assets in the Plan to your
spouse, former spouse, child, or other dependent. If a qualified
domestic relations order is received by the Administrator, all or a
portion of your benefits may be used to satisfy the obligation. The
Administrator will determine the validity of any domestic relations
order received.
****F500Fj 2.0 UNMODIFIED
The second
exception applies if you are involved with the Plan's administration.
If you are found liable for any action that adversely affects the
Plan, the Administrator can offset your benefits by the amount that
you are ordered or required by a court to pay the Plan. All or a
portion of your benefits may be used to satisfy any such obligation
to the Plan.
****F500Fk 2.0 UNMODIFIED
Can the Plan be amended?
****F500Fl 2.0 UNMODIFIED
Yes. We have the right to amend the Plan at any time. In no event,
however, will any amendment authorize or permit any part of the Plan
assets to be used for purposes other than the exclusive benefit of
participants or their beneficiaries. Additionally, no amendment will
cause any reduction in the amount credited to your account.
****F500Fm 2.0 UNMODIFIED
What happens if the Plan is discontinued or terminated?
****F500Fn 3.0 UNMODIFIED
Although we intend to maintain the Plan indefinitely, we reserve the
right to terminate the Plan at any time. Upon termination, no further
contributions will be made to the Plan and all amounts credited to
your accounts will become 100% vested, if not already 100% vested. We
will direct the distribution of your accounts in a manner permitted
by the Plan as soon as practical. (See the question entitled "How
will my benefits be paid?" for more information.) You will be
notified if the Plan is terminated.
****F500Fz 2.0 UNMODIFIED
How do I submit a claim for Plan benefits?
****F500G3 5.0 UNMODIFIED
Benefits will be paid to you and your beneficiaries without the
necessity of formal claims. However, if you think an error has been
made in determining your benefits, then you or your beneficiaries may
make a request for any Plan benefits to which you believe you are
entitled. Any such request should be in writing and should be made to
the Administrator.
****F500G1 3.0 UNMODIFIED
If the
Administrator determines the claim is valid, then you will receive a
statement describing the amount of benefit, the method or methods of
payment, the timing of distributions, and other information relevant
to the payment of the benefit.
****F500G2 5.0 UNMODIFIED
What if my benefits are denied?
****F500G4 5.0 UNMODIFIED
Your request for
Plan benefits will be considered a claim for Plan benefits, and it
will be subject to a full and fair review. If your claim is wholly or
partially denied, the Administrator will provide you with a written
or electronic notification of the Plan's adverse determination. This
written or electronic notification must be provided to you within a
reasonable period of time, but not later than 90 days after the
receipt of your claim by the Administrator, unless the Administrator
determines that special circumstances require an extension of time
for processing your claim. If the Administrator determines that an
extension of time for processing is required, written notice of the
extension will be furnished to you prior to the termination of the
initial 90-day period. In no event will such extension exceed a
period of 90 days from the end of such initial period. The extension
notice will indicate the special circumstances requiring an extension
of time and the date by which the Plan expects to render the benefit
determination. <R03>
****F500LP
5.0 UNMODIFIED
In the case of a claim for disability benefits, if disability is
determined by a physician chosen by the Administrator (rather than
relying upon a determination of disability for Social Security
purposes), then instead of the above, the Administrator will provide
you with written or electronic notification of the Plan's adverse
benefit determination within a reasonable period of time, but not
later than 45 days after receipt of the claim by the Plan. This
period may be extended by the Plan for up to 30 days, provided that
the Administrator both determines that such an extension is necessary
due to matters beyond the control of the Plan and notifies you, prior
to the expiration of the initial 45-day period, of the circumstances
requiring the extension of time and the date by which the Plan
expects to render a decision. If, prior to the end of the first
30-day extension period the Administrator determines that, due to
matters beyond the control of the Plan, a decision cannot be rendered
within that extension period, the period for making the determination
may be extended for up to an additional 30 days, provided that the
Administrator notifies you, prior to the expiration of the first
30-day extension period, of the circumstances requiring the extension
and the date as of which the Plan expects to render a decision. In
the case of any such extension, the notice of extension will
specifically explain the standards on which entitlement to a benefit
is based, the unresolved issues that prevent a decision on the claim,
and the additional information needed to resolve those issues, and
you will be afforded at least 45 days within which to provide the
specified information.
****F500LY
5.0 UNMODIFIED
The Administrator's written or electronic notification of any adverse
benefit determination must contain the following information:
****F500G5
5.0 UNMODIFIED
(<N03>a<\N03>) The specific reason or reasons for the
adverse determination;
****F500G6
5.0 UNMODIFIED
(<N03>b<\N03>)
Reference to the specific Plan provisions on which the determination
is based.
****F500G7 5.0 UNMODIFIED
(<N03>c<\N03>)
A description of any additional material or information necessary for
you to perfect the claim and an explanation of why such material or
information is necessary.
****F500G8 5.0 UNMODIFIED
(<N03>d<\N03>)
Appropriate information as to the steps to be taken if you or your
beneficiary want to submit your claim for review.
****F500LZ 5.0 UNMODIFIED
(<N03>e<\N03>)
In the case of disability benefits where the disability is determined
by a physician chosen by the Administrator:
****F500La
5.0 UNMODIFIED
(<N05>i<\N05>)
If an internal rule, guideline, protocol, or other similar criterion
was relied upon in making the adverse determination, either the
specific rule, guideline, protocol, or other similar criterion; or a
statement that such rule, guideline, protocol, or other similar
criterion was relied upon in making the adverse determination and
that a copy of the rule, guideline, protocol, or other similar
criterion will be provided to you free of charge upon request.
****F500Lg
5.0 UNMODIFIED
(<N05>ii<\N05>) If the adverse benefit determination is
based on a medical necessity or experimental treatment or similar
exclusion or limit, either an explanation of the scientific or
clinical judgment for the determination, applying the terms of the
Plan to your medical circumstances, or a statement that such
explanation will be provided to you free of charge upon request.
****F500GA 2.0 UNMODIFIED
If your claim has
been denied or deemed denied, and you want to submit your claim for
review, you must follow the Claims Review Procedure below.
****F500GB 2.0 UNMODIFIED
What is the Claims Review Procedure?
****F500GC 2.0 UNMODIFIED
Upon the denial of your claim for benefits, you may file your claim
for review, in writing, with the Administrator.<R03>
****F500GD 2.0 UNMODIFIED
(<N03>a<\N03>)
YOU MUST FILE THE CLAIM FOR REVIEW NO LATER THAN 60 DAYS AFTER YOU
HAVE RECEIVED WRITTEN NOTIFICATION OF THE DENIAL OF YOUR CLAIM FOR
BENEFITS, OR IF NO WRITTEN DENIAL OF YOUR CLAIM WAS PROVIDED, NO
LATER THAN 60 DAYS AFTER THE DEEMED DENIAL OF YOUR CLAIM.
****F500Lh 5.0 UNMODIFIED
HOWEVER, IF YOUR
CLAIM IS FOR DISABILITY BENEFITS AND DISABILITY IS DETERMINED BY A
PHYSICIAN CHOSEN BY THE ADMINISTRATOR, THEN INSTEAD OF THE ABOVE, YOU
MUST FILE THE CLAIM FOR REVIEW NO LATER THAN 180 DAYS FOLLOWING
RECEIPT OF NOTIFICATION OF AN ADVERSE BENEFIT DETERMINATION.
****F500Li
5.0 UNMODIFIED
(<N03>b<\N03>)
You may submit written comments, documents, records, and other
information relating to your claim for benefits.
****F500GE 2.0 UNMODIFIED
(<N03>c<\N03>)
You may review all pertinent documents relating to the denial of your
claim and submit any issues and comments, in writing, to the
Administrator.
****F500Lj 5.0 UNMODIFIED
(<N03>d<\N03>) You will be provided, upon request and
free of charge, reasonable access to, and copies of, all documents,
records, and other information relevant to your claim for benefits.
****F500GF
5.0 UNMODIFIED
(<N03>e<\N03>)
Your claim for review must be given a full and fair review. This
review will take into account all comments, documents, records, and
other information submitted by you relating to your claim, without
regard to whether such information was submitted or considered in the
initial benefit determination.
****F500Lk
5.0 UNMODIFIED
In addition to the Claims Review Procedure above, if your claim is
for disability benefits and disability is determined by a physician
chosen by the Administrator, then the Claims Review Procedure
provides that:<R03>
****F500Ll
5.0 UNMODIFIED
(<N03>a<\N03>)
Your claim will be reviewed without deference to the initial adverse
benefit determination and the review will be conducted by an
appropriate named fiduciary of the Plan who is neither the individual
who made the adverse benefit determination that is the subject of the
appeal, nor the subordinate of such individual.
****F500Lm
5.0 UNMODIFIED
(<N03>b<\N03>)
In deciding an appeal of any adverse benefit determination that is
based in whole or part on medical judgment, the appropriate named
fiduciary will consult with a health care professional who has
appropriate training and experience in the field of medicine involved
in the medical judgment.
****F500Ln 5.0 UNMODIFIED
(<N03>c<\N03>)
Any medical or vocational experts whose advice was obtained on behalf
of the Plan in connection with your adverse benefit determination
will be identified, without regard to whether the advice was relied
upon in making the benefit determination.
****F500Lo
5.0 UNMODIFIED
(<N03>d<\N03>)
The health care professional engaged for purposes of a consultation
under (b) above will be an individual who is neither an individual
who was consulted in connection with the adverse benefit
determination that is the subject of the appeal, nor the subordinate
of any such individual.
****F500Lp 5.0 UNMODIFIED
The Administrator will provide you with written or electronic
notification of the Plan's benefit determination on review. The
Administrator must provide you with notification of this denial
within 60 days after the Administrator's receipt of your written
claim for review, unless the Administrator determines that special
circumstances require an extension of time for processing your claim.
If the Administrator determines that an extension of time for
processing is required, written notice of the extension will be
furnished to you prior to the termination of the initial 60-day
period. In no event will such extension exceed a period of 60 days
from the end of the initial period. The extension notice will
indicate the special circumstances requiring an extension of time and
the date by which the Plan expects to render the determination on
review. However, if the claim relates to disability benefits and
disability is determined by a physician chosen by the Administrator,
then 45 days will apply instead of 60 days in the preceding
sentences. In the case of an adverse benefit determination, the
notification will set forth:<R03>
****F500Lq
5.0 UNMODIFIED
(<N03>a<\N03>)
The specific reason or reasons for the adverse determination.
****F500Lr
5.0 UNMODIFIED
(<N03>b<\N03>)
Reference to the specific Plan provisions on which the benefit
determination is based.
****F500Ls
5.0 UNMODIFIED
(<N03>c<\N03>) A statement that you are entitled to
receive, upon request and free of charge, reasonable access to, and
copies of, all documents, records, and other information relevant to
your claim for benefits.
****F500Lt
5.0 UNMODIFIED
(<N03>d<\N03>)
In the case of disability benefits where disability is determined by
a physician chosen by the Administrator:<R05>
****F500Lu
5.0 UNMODIFIED
(<N05>i<\N05>) If an internal rule, guideline, protocol,
or other similar criterion was relied upon in making the adverse
determination, either the specific rule, guideline, protocol, or
other similar criterion; or a statement that such rule, guideline,
protocol, or other similar criterion was relied upon in making the
adverse determination and that a copy of the rule, guideline,
protocol, or other similar criterion will be provided to you free of
charge upon request.
****F500Lv
5.0 UNMODIFIED
(<N05>ii<\N05>) If the adverse benefit determination is
based on a medical necessity or experimental treatment or similar
exclusion or limit, either an explanation of the scientific or
clinical judgment for the determination, applying the terms of the
Plan to your medical circumstances, or a statement that such
explanation will be provided to you free of charge upon request.
****F500GJ 3.0 UNMODIFIED
If you have a
claim for benefits that is denied or ignored, in whole or in part,
you may file suit in a state or federal court. However, in order to
do so, you must file the suit no later than 180 days after the
Administrator makes a final determination to deny your claim.
****F500Lw
5.0 UNMODIFIED
What are my rights as a Plan participant?
****F500Lx
5.0 UNMODIFIED
As a participant in the Plan you are entitled to certain rights and
protections under the ERISA. ERISA provides that all Plan
participants are entitled to:<R03>
****F500Ly 5.0 UNMODIFIED
(<N03>a<\N03>) Examine, without charge, at the
Administrator's office and at other specified locations, all
documents governing the Plan, including insurance contracts and
collective bargaining agreements; and a copy of the latest annual
report (Form 5500 Series) filed by the Plan with the U.S. Department
of Labor and available at the Public Disclosure Room of the Pension
and Welfare Benefit Administration.
****F500Lz
5.0 UNMODIFIED
(<N03>b<\N03>)
Obtain, upon written request to the Administrator, copies of
documents governing the operation of the Plan, including insurance
contracts and collective bargaining agreements, and copies of the
latest annual report (Form 5500 Series) and an updated SPD. The
Administrator may make a reasonable charge for copies.
****F500M0 5.0 UNMODIFIED
(<N03>c<\N03>)
Receive a summary of the Plan's annual financial report. The
Administrator is required by law to furnish each participant with a
copy of this summary annual report.
****F500M1
5.0 UNMODIFIED
(<N03>d<\N03>)
Obtain a statement telling you whether you have a right to receive a
pension at Normal Retirement Age and, if so, what your benefits would
be at Normal Retirement Age if you stop working under the Plan now.
If you do not have a right to a pension benefit, the statement will
tell you how many years you have to work to earn a right to a
pension. THIS STATEMENT MUST BE REQUESTED IN WRITING AND IS NOT
REQUIRED TO BE GIVEN MORE THAN ONCE EVERY TWELVE (12) MONTHS. The
Plan must provide this statement free of charge.
****F500M2
5.0 UNMODIFIED
In addition to creating rights for Plan participants, ERISA imposes
duties upon the people who are responsible for the operation of the
Plan. The people who operate your Plan, called "fiduciaries"
of the Plan, have a duty to do so prudently and in the interest of
you and other Plan participants and beneficiaries. No one, including
your Employer or any other person, may fire you or otherwise
discriminate against you in any way to prevent you from obtaining a
pension benefit or exercising your rights under ERISA.
****F500M3
5.0 UNMODIFIED
If your claim for a pension benefit is denied or ignored, in whole or
in part, you have a right to know why this was done, to obtain copies
of documents relating to the decision without charge, and to appeal
any denial, all within certain time schedules.
****F500M4
5.0 UNMODIFIED
Under ERISA, there
are steps you can take to enforce the above rights. For instance, if
you request a copy of Plan documents or the latest annual report from
the Plan and do not receive them within 30 days, you may file suit in
a federal court. In such a case, the court may require the
Administrator to provide the materials and pay you up to $110.00 a
day until you receive the materials, unless the materials were not
sent because of reasons beyond the control of the Administrator.
****F500M5
5.0 UNMODIFIED
If you have a claim for benefits that is denied or ignored, in whole
or in part, you may file suit in a state or federal court. In
addition, if you disagree with the Plan's decision or lack thereof
concerning the qualified status of a domestic relations order or a
medical child support order, you may file suit in federal court. You
and your beneficiaries can obtain, without charge, a copy of the
qualified domestic relations order procedures from the Administrator.
****F500M6
5.0 UNMODIFIED
If it should
happen that the Plan's fiduciaries misuse the Plan's money, or if you
are discriminated against for asserting your rights, you may seek
assistance from the U.S. Department of Labor, or you may file suit in
a federal court. The court will decide who should pay court costs and
legal fees. If you are successful, the court may order the person you
have sued to pay these costs and fees. If you lose, the court may
order you to pay these costs and fees if, for example, it finds your
claim is frivolous.
****F500GK 2.0 UNMODIFIED
What can I do if I have questions or my rights are violated?
****F500GL 3.0 UNMODIFIED
If you have any questions about the Plan, you should contact the
Administrator. If you have any questions about this statement, or
about your rights under ERISA, or if you need assistance in obtaining
documents from the Administrator, you should contact the nearest
office of the Pension and Welfare Benefits Administration, U.S.
Department of Labor, listed in the telephone directory or the
Division of Technical Assistance and Inquiries, Pension and Welfare
Benefits Administration, U.S. Department of Labor, 200 Constitution
Avenue, N.W., Washington, D.C. 20210. You may also obtain certain
publications about your rights and responsibilities under ERISA by
calling the publications hotline of the Pension and Welfare Benefits
Administration.
****F500GM 2.0 UNMODIFIED
ARTICLE <N01>XIII<\N01>
GENERAL INFORMATION ABOUT THE PLAN
****F500GN 5.0 UNMODIFIED
There is certain general information that you may need to know about
the Plan. This information has been summarized for you in this
Article.
****F500GO 2.0 UNMODIFIED
General Plan Information
****F500GP 3.0 UNMODIFIED
The full name of
the Plan is <00Bg>LEESON Electric 401(k)
Plan<\00Bg><00NU><\00NU><00df><\00df><00dg><\00dg><00dh><\00dh>.
****F500GQ 2.0 UNMODIFIED
We
have assigned Plan Number <000N>002<\000N> to your Plan.
****F500GS 3.0 UNMODIFIED
<00bu>This
Plan was originally effective on August 31, 1974. <\00bu>The
amended and restated provisions of the Plan become effective on
<00Ap>December 1, 2002<\00Ap>. However, this restatement
was made to conform the Plan to new tax laws and some provisions may
be retroactively effective.
****F500GT 5.0 UNMODIFIED
Valuations of the
Plan are generally made <00V1>every business
day<\00V1>.<00V2><\00V2> Certain distributions,
such as required minimum distributions, are based on the Anniversary
Date of the Plan. This date is the last day of the Plan Year.
****F500GU 5.0 UNMODIFIED
The Plan's records
are maintained on a twelve month period of time. This is known
as the Plan Year. The Plan Year <00V3>begins on January 1 and
ends on December 31<\00V3>.<00kU><\00kU>
****F500GV 2.0 UNMODIFIED
The Plan and Trust
will be governed by the laws of <00IN>Wisconsin<\00IN> to
the extent not governed by federal law.
****F500GW 2.0 UNMODIFIED
Benefits provided
by the Plan are NOT insured by the Pension Benefit Guaranty
Corporation (PBGC) under Title IV of the Employee Retirement Income
Security Act of 1974 because the insurance provisions under ERISA are
not applicable to this type of plan.
****F500GX 2.0 UNMODIFIED
Employer Information
****F500GY 2.0 UNMODIFIED
<00Wd>The Plan Sponsor's<\00Wd> name, address, telephone
number, and identification number are:
****F500GZ 3.0 UNMODIFIED
<0002>LEESON Electric Corporation<\0002>
<00r6>2100 Washington Street,<\00r6>
<00r7>Grafton<\00r7>, <00IN>Wisconsin<\00IN>
<00IO>53024<\00IO>
<00IP>(715) 675-8267<\00IP>
****F500Ga 3.0 UNMODIFIED
<0004>39-1172393<\0004>
****F500Gb 2.0 UNMODIFIED
Service of legal process may be made upon <00We>the Plan
Sponsor or your Employer, if your Employer is not the Plan
Sponsor<\00We>. Service of legal process may also be made upon
the Trustee or Administrator.
****F500Gc 2.0 UNMODIFIED
The Plan allows
other employers to adopt its provisions. You or your beneficiaries
may examine or obtain a complete list of employers, if any, who have
adopted the Plan by making a written request to the Administrator.
****F500Gd 2.0 UNMODIFIED
Another employer who has adopted the provisions of the Plan is:
****F500Gz 2.0 UNMODIFIED
Administrator Information
****F500H0 2.0 UNMODIFIED
The Plan's Administrator is responsible for the day to day
administration and operation of the Plan. For example, the
Administrator maintains the Plan records, including your account
information, provides you with the forms you need to complete for
Plan participation and directs the payment of your account at the
appropriate time. The Administrator will also allow you to review the
formal Plan document and certain other materials related to the Plan.
If you have any questions about the Plan and your participation, you
should contact the Administrator. The Administrator may designate
other parties to perform some duties of the Administrator.
****F500H1 2.0 UNMODIFIED
The name, address
and telephone number of the Plan's Administrator is:
****F500H2 2.0 UNMODIFIED
<00Bz>Terry Hellrood, Motor Technologies Group<\00Bz>
<00C1>100 E. Randolph St.<\00C1>
<00C2>Wausau<\00C2>, <00C3>Wisconsin<\00C3>
<00C4>54402-8003<\00C4>
<00C5>(715) 675-8267<\00C5>
****F500H3 2.0 UNMODIFIED
Trustee Information
****F500H4 2.0 UNMODIFIED
All money that is contributed to the Plan is held in a trust fund.
The Trustee is responsible for the safekeeping of the trust
fund<00VC><\00VC>. The trust fund established by the
Plan's Trustee will be the funding medium used for the accumulation
of assets from which benefits will be distributed.
****F500H6 2.0 UNMODIFIED
The name, address, and telephone number of the Plan's Trustee is:
****F500H7 2.0 UNMODIFIED
<00Az>Marshall & Ilsley Trust Company N.A.<\00Az>
****F500H8 2.0 UNMODIFIED
****F500HJ 2.0 UNMODIFIED
<00Bu>1000 North Water Street<\00Bu>
<00Bv>Milwaukee<\00Bv>, <00Bw>Wisconsin<\00Bw>
<00Bx>53202<\00Bx>
<00VA>(414) 287-8600<\00VA>
****F500HA 2.0 UNMODIFIED
****F500HB 2.0 LOCKED
build.cStoreDefaultPrinter;
****F500HC 2.0 LOCKED
build.cUpdateFields;
****F500HE 2.0 LOCKED
build.cSelectDoc;cFont:Name$=times,Size#=12;
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****F500HF 2.0 LOCKED
print.cRemoveBlankPages;
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****F900Bv 5.0
UNMODIFIED
END OF DOCUMENT
Version No. 5.0 020830