The Plan is a stock bonus plan, which is a defined contribution plan, a portion of which is designated an employee stock ownership plan within the meaning of Section 4975 of the Code, with a cash or deferred arrangement under Section 401(k) of the Code and a qualified Roth contribution program under Section 402A of the Code. The Plan is intended to be qualified under Section 401(a) of the Code. The Plan is also intended to comply with the "safe harbor" requirements prescribed in Sections 401(k)(12) and 401(m)(11) of the Code. The Plan is funded with contributions that Plan participants and the Company make to the Plan's trust fund and any investment earnings (or losses) on those contributions.

The Plan is subject to ERISA, including the provisions relating to disclosure, reporting, participation, vesting, fiduciary responsibilities, administration and enforcement. As the Plan is considered a "defined contribution" type of pension plan, benefits are not insured by the Pension Benefit Guaranty Corporation, and the Plan is not subject to the funding requirements of ERISA and the Code.