<PAGE> 1
EXHIBIT 10(j)
FIRST AMENDMENT TO
THE ADVEST THRIFT PLAN
1. The first paragraph of Section 4.1 of The Advest Thrift Plan (the
"Plan) is hereby amended to read in its entirety as follows, effective as of the
day following the acquisition of The Advest Group, Inc. by MONY Acquisition
Corp. (the "Effective Date"):
"SERVICE REQUIREMENT. Every Employee of the Employer who is
scheduled to work at least 20 hours per week and who is not classified
by the Employer as a "temporary employee" shall be eligible to
participate in the Plan as of the Entry Date coinciding with or next
following the date the Employee first becomes an Employee.
Notwithstanding the foregoing, an Employee shall not be eligible to be
allocated Employer contributions under Sections 5.1 (a) and (b), and an
Employee scheduled to work less than 20 hours per week or who is
classified by the Employer as a "temporary employee" shall not be
eligible to participate in the Plan at all, until the Entry Date
coinciding with or next following the date one year following the date
the Employee first completed an Hour of Service if he has completed
1,000 Hours of Service within that consecutive 12-month period, or if
he has not completed 1,000 Hours of Service during that initial 12
consecutive months, the end of the first Plan Year in which he
completes at least 1,000 Hours of Service."
2. Section 5.1 of the Plan is hereby amended by adding the following
new subsection (c) to the end thereof, to read in its entirety as follows,
effective as of the Effective Date:
3. "(c) THE EMPLOYER DISCRETIONARY CONTRIBUTION FORMULA. The Employer
shall make a contribution to the Plan for the 2000 Plan Year (to be allocated to
the 401(k) Accounts of Active Participants) within the time prescribed by law
for filing of the income tax returns for the Company's fiscal year, including
any extensions thereof, of twenty (20) shares of common stock of The MONY Group
Inc., on behalf of each Active Participant who is in the
<PAGE> 2
employ of the Employer on the earlier of (a) December 31, 2000, or (b) the date
of merger of the Company with and into MONY Acquisition Corp."
-2-
