EXHIBIT 10.72
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June 9, 2000
Dear Xx. Xxxxx:
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 agree that the Vesting provisions of the "Termination Benefit"
provided in Section 5.02 of the Plan do not apply to me. Instead, effective
September 24, 1999, I am Vested in a "Termination Benefit" equal to the
twenty-six percent (26%) of my Average Compensation. If I am credited
with additional Years of Service after September 24, 1999, my Vested
"Termination Benefit" will be the applicable percentage of my Average
Compensation based on such additional Years of Service as follows:
Additional
Years of Service Applicable Percentage
-------------------- ---------------------------
1 28
2 30
3 34
4 38
5 42
6 46
7 or more 50
By: /s/ Xxxxxxx X. Xxxxxxxxxx By: /s/ Xxxxxxx Xxxxx
--------------------------- ---------------------
Xxxxxxx X. Xxxxxxxxxx Xxxxxxx Xxxxx
Member - Compensation Chairman - Compensation
and Option Committee and Option Committee
Confirmed and agreed to:
Date: June 22, 2000 /s/ Xxxxxxx X. Xxxxx
--------------------------
Xxxxxxx X. Xxxxx
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