EXHIBIT 10.74
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June 9, 2000
Dear Xx. Xxxxxxxx:
Enclosed is a copy of the Supplemental Executive Retirement Plan,
amended as of October 1,1999. Please confirm that you have read and
understand the Plan and that you agree, on your behalf and on behalf of
your Beneficiaries, to be bound by the terms and conditions of the Plan
except as set forth in the next paragraph. This Benefit Agreement
supercedes any earlier agreement on this subject; and terms defined in the
Plan have the same meaning in this Benefit Agreement.
I understand that I will not Vest in the "Termination Benefit" provided
in Section 5.02 of the Plan until July 9, 2000. However, upon executing
this agreement, I will Vest in a "Termination Benefit" equal to twenty-five
percent (25%) of my Average Compensation, payable as provided in the
Plan. After July 8, 2000, I will Vest in a "Termination Benefit" as
provided in Section 5.02 of the Plan.
By: /s/ Xxxxxxx X. Xxxxxxxxxx By: /s/ Xxxxxxx Xxxxx
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Xxxxxxx X. Xxxxxxxxxx Xxxxxxx Xxxxx
Member - Compensation Chairman - Compensation
and Option Committee and Option Committee
Confirmed and agreed to:
Date: June 21, 2000 /s/ Xxxxx Xxxxxxxx
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Xxxxx Xxxxxxxx
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