EXHIBIT 10.23
CARRIAGE FUNERAL SERVICES OF IDAHO, INC.
PLAN ADOPTION AGREEMENT
Subject to the terms and conditions of the Carriage Partners Program
for Northwestern Idaho and Eastern Washington (the "Plan"), a copy of which is
attached hereto and incorporated herein by reference, Carriage Funeral Services
of Idaho, Inc., an Idaho corporation (the "Company"), hereby awards to XXXXXX X.
XXXXXXXX (the "Participant") ONE HUNDRED (100) POINTS in accordance with Section
3.1 of the Plan.
The Participant hereby accepts and agrees to be bound by all the
terms and conditions of the Plan. Participant's participation in the Plan shall
commence on the date indicated below. The Participant understands that his
participation in the Plan and right to receive incentive payments thereunder are
subject to a number of conditions as set forth in the Plan, including
achievement of a minimum level of Operating Net Income according to a budgeted
amount established by the Company's Board of Directors. The Plan is subject to
amendment, modification and termination as provided therein. The Participant
acknowledges that he or she has consulted, or has had the opportunity to
consult, with the Participant's own advisors regarding the tax and other
consequences of the Participant's participation in the Plan. The foregoing is
not in limitation of the terms and provisions of the Plan, which the Participant
acknowledges having read in its entirety.
The Participant's participation hereunder shall be coterminous with
his Employment Agreement with the Company.
The Company shall not, without the Participant's permission, award
Points under the Plan to any other participant in such a way that reduces the
Participant's benefits thereunder.
Granted the 1st day of April, 1996.
CARRIAGE FUNERAL SERVICES OF IDAHO, INC.
By: /s/ XXXX XXXXXX
XXXX XXXXXX,
Executive Vice President
ACCEPTED:
/s/ XXXXXX X. XXXXXXXX
XXXXXX X. XXXXXXXX
