Amended And Restated Health And Accident Plan

EXHIBIT 10.20


Amended and Restated
HEALTH AND ACCIDENT PLAN
of
Kevco, Inc.


1. Reimbursement for Covered Expenses.
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(a) Effective September 1, 1996, Kevco, Inc., a Texas corporation (which term shall include its subsidiaries) (the "Corporation") will reimburse (at least quarterly) any of the officers and/or employees of the Corporation (a "Participant") specifically named in Paragraph 1(b) or hereinafter named in any resolutions adopted by the board of directors of the Corporation for all costs and expenses incurred by a Participant, a Participant's spouse or dependents, for medical care [as defined in Section 213(d) of the Internal Revenue Code of 1986, as amended), (the "Code")], subject to any benefit limitations imposed by the board of directors of the Corporation. A Participant shall be considered as an employee of the Corporation if he is employed by the Corporation at the time any covered expense is incurred and if, at such time, he is customarily working at least nine (9) months of each year and thirty (30) hours in each week. An officer shall be considered as such during the period commencing with their election by the corporation's board of directors and ending when their successor has been duly elected and qualified. Expenses for medical care, as so defined in Section 213(d) of the Code, shall include (but are not limited to) all amounts paid for hospital bills, doctor and dental bills, drugs, prescriptions, prosthetic devices, together with amounts paid for transportation primarily for and essential to the obtaining of medical and dental care, and premiums on accident or health insurance, including hospitalization, surgical, medical, dental and disability income insurance.


(b) The Participants of the Corporation initially covered by this Plan and the benefits to which each of such Participants shall be entitled in any one calendar year are as follows:


Employee Benefits Limited To
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Gerald E. Kimmel $10,000
Clyde A. Reed, Jr. 3,000
Allen McGehee 500
Dick Grasso 500
Gregory G. Kimmel 1,000
Maria Allridge 1,000


(c) The Corp ...