Exhibit 10(aa)(iii)

INFINITY BROADCASTING CORPORATION
1999 LONG-TERM INCENTIVE PLAN
(As amended as of December 29, 2000)

ARTICLE I
GENERAL

1.1    Purpose

The purposes of the 1999 Long-Term Incentive Plan, as amended from time to time
(the "Plan") for eligible employees of Infinity Broadcasting Corporation
("Corporation") and its subsidiaries (the Corporation and its subsidiaries
severally and collectively referred to in the Plan as the "Company") are to
foster and promote the long-term financial success of the Company and materially
increase stockholder value by: (i) attracting and retaining employees of
outstanding ability; (ii) strengthening the Company's capability to develop,
maintain and direct a high performance team; (iii) motivating employees, by
means of performance-related incentives, to achieve long-range performance
goals; (iv) providing incentive compensation opportunities competitive with
those of other major companies; and (v) enabling employees to participate in the
long-term growth and financial success of the Company.

1.2    Administration

(a)    The Plan will be administered by a committee of the Board of Directors of
the Corporation ("Committee") which will consist of two or more members. The
members will be appointed by the Board of Directors, and any vacancy on the
Committee will be filled by the Board of Directors or in a manner authorized by
the Board.

(b)    Subject to the limitations of the Plan, the Committee will have the sole
and complete authority: (i) to select in accordance with Section 1.3 persons who
will participate in the Plan ("Participant" or "Participants") (including the
right to delegate authority to select Participants); (ii) to make Awards and
payments in such forms and amounts as it may determine (including the right to
delegate authority to make Awards within limits approved from time to time by
the Committee); (iii) to impose such limitations, restrictions, terms and
conditions upon such Awards as the Committee or its authorized delegates deems
appropriate; (iv) to interpret the Plan and the terms of any document relating
to the Plan and to adopt, amend and rescind administrative guidelines and other
rules and regulations relating to the Plan; (v) to amend or cancel an existing
Award in whole or in part (including the right to delegate authority to amend or
cancel an existing Award in whole or in part within limits approved from time to
time by the Committee), except that the Committee and its authorized delegates
may not, unless otherwise provided in the Plan, or unless the Participant
affected thereby consents, take any action under this clause that would
adversely affect the rights of such Participant with respect to the Award, and
except that the Committee and its authorized delegates may not, unless otherwise
provided in the Plan, take any action to amend any outstanding Option under the
Plan in order to decrease the Option Price under such Option; and (vi) to make
all other determinations and to take all other actions necessary or advisable
for the interpretation, implementation and administration of the Plan. The
Committee's determinations on matters within its authority will be conclusive
and binding upon the Company and all other persons.

(c)    The Committee will act with respect to the Plan on behalf of the
Corporation and on behalf of any subsidiary issuing stock under the Plan,
subject to appropriate action by the board of directors of any such subsidiary.
All expenses associated with the Plan will be borne by the Corporation subject
to such allocation to its subsidiaries and operating units as it deems
appropriate.

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1.3    Selection for Participation

Participants selected by the Committee (or its authorized delegates) must be
Eligible Persons, as defined below. "Eligible Persons" are persons who are
employees of the Company or its parent corporation(s) or their subsidiaries
("Employee" or "Employees"). Eligible Persons will also include independent
contractors of the Company as to an Award if the person is an independent
contractor at the time the Award is granted. In making this selection and in
determining the form and amount of Awards, the Committee may give consideration
to the functions and responsibilities of the Eligible Person, his or her past,
present and potential contributions to the Company and such other factors as the
Committee deems relevant.

1.4    Types of Awards under Plan

Awards ("Awards") under the Plan may be in the form of any one or more of the
following: (i) Non-statutory stock options ("NSOs" or "Options"), as described
in Article II; (ii) Stock Appreciation Rights ("SARs") and Participant Limited
Stock Appreciation Rights ("Participant Limited Rights"), as described in
Article II; (iii) Performance Awards ("Performance Awards") as described in
Article IV; and (iv) Restricted Stock ("Restricted Stock") and Restricted Units
("Restricted Units"), each as described in Article V.

1.5    Shares Subject to the Plan

Shares of stock issued under the Plan may be in whole or in part authorized and
unissued or treasury shares of the Corporation's Class A Common Stock, par value
$0.01 per share ("Common Stock"), or "Formula Value Stock" as defined in
Section 8.12(d) (Common Stock and Formula Value Stock severally and collectively
referred to in the Plan as "Stock").

The maximum number of shares of Stock which may be issued for all purposes under
the Plan will be 8,500,000, plus such additional shares as the Board of
Directors or the Committee or their respective delegee may, from time to time,
authorize by a resolution or resolutions duly adopted by said Board of Directors
or Committee.

Except as otherwise provided below, any shares of Stock subject to an Option or
other Award which is canceled or terminates without any shares having been
issued pursuant thereto having been exercised will again be available for Awards
under the Plan. Shares subject to an Option canceled upon the exercise of an SAR
will not again be available for Awards under the Plan except to the extent the
SAR is settled in cash. To the extent that an Award is settled in cash, shares
of Stock subject to that Award will again be available for Awards. Shares of
Stock tendered by a Participant or withheld by the Company to pay the exercise
price of an Option or to satisfy the tax withholding obligations of the exercise
or vesting of an Award will be available again for Awards under the Plan. Shares
of Restricted Stock forfeited to the Company in accordance with the Plan and the
terms of the particular Award will be available again for Awards under the Plan.

No fractional shares will be issued, and the Committee will determine the manner
in which fractional share value will be treated.

ARTICLE II
STOCK OPTIONS

2.1    Award of Stock Options

The Committee may, from time to time, subject to the provisions of the Plan and
such other terms and conditions as the Committee may prescribe, award to any
Participant Options to purchase Stock.

The Committee may provide with respect to any Option to purchase Stock that, if
the Participant, while an Eligible Person, exercises the Option in whole or in
part using already-owned Stock, the Participant

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will, subject to this Section 2.1 and such other terms and conditions as may be
imposed by the Committee, receive an additional option ("Reload Option"). The
Reload Option will be to purchase, at Fair Market Value as of the date the
original Option was exercised, a number of shares of Stock equal to the number
of whole shares used by the Participant to exercise the original Option. The
Reload Option will be exercisable only between the date of its grant and the
date of expiration of the original Option.

A Reload Option will be subject to such additional terms and conditions as the
Committee may approve, which terms may provide that the Committee may cancel the
Participant's right to receive the Reload Option and that the Reload Option will
be granted only if the Committee has not canceled such right prior to the
exercise of the original Option. Such terms may also provide that, upon the
exercise by a Participant of a Reload Option while an Eligible Person, an
additional Reload Option will be granted with respect to the number of whole
shares used to exercise the first Reload Option.

2.2    Stock Option Agreements

The award of an Option will be evidenced by a written agreement ("Stock Option
Agreement") in such form and containing such terms and conditions as the
Committee may from time to time determine. The Committee may also at any time
and from time to time provide for the deferral of delivery of any shares for
which the Option may be exercisable until a specified date or dates and subject
to terms and conditions determined by the Committee.

2.3    Option Price

The purchase price of Stock under each Option ("Option Price") will not be less
than the Fair Market Value of such Stock on the date the Option is awarded.

2.4    Exercise and Term of Options

(a)    Except as otherwise provided in the Plan, Options will become exercisable
at such time or times as the Committee may specify. The Committee may at any
time and from time to time accelerate the time at which all or any part of the
Option may be exercised.

(b)    The Committee will establish procedures governing the exercise of Options
and will require that notice of exercise be given. Stock purchased on exercise
of an Option must be paid for as follows: (1) in cash or by check (acceptable to
the Company in accordance with guidelines established for this purpose), bank
draft or money order payable to the order of the Company; or (2) if so provided
by the Committee: (i) through the delivery of shares of Stock which are then
outstanding and which have a Fair Market Value on the date of exercise equal to
the exercise price, (ii) by delivery of an unconditional and irrevocable
undertaking by a broker to deliver promptly to the Company sufficient funds to
pay the exercise price, or (iii) by any combination of the permissible forms of
payment.

2.5    Termination of Eligibility

Unless the Committee provides otherwise: (a) in the event the Participant is no
longer an Eligible Person and ceased to be such as a result of termination of
service to the Company with the consent of the Committee or as a result of his
or her death, retirement or disability, each of his or her outstanding Options
will be exercisable by the Participant (or his or her legal representative or
designated beneficiary), to the extent that such Option was then exercisable, at
any time prior to an expiration date established by the Committee at the time of
award, but in no event after such expiration date; (b) in the event an Award is
made to the estate of a person who died while an Employee, each outstanding
Option held by such estate will be exercisable by the estate (or the distributee
of said estate) at any time prior to an expiration date established by the
Committee at the time of award; and (c) if the Participant ceases to be an
Eligible Person for any other reason, all of the Participant's then outstanding
Options will terminate immediately.

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2.6    Company Limited Rights

If so provided in the Stock Option Agreement, as it may be amended from time to
time, in the event of a Change in Control (as defined in Article VII of the
Plan), the Company will have the right to cancel any portion of the Option
(whether vested or nonvested) that remains unexercised on the date the Company
exercises its Company Limited Right pursuant to this Section 2.6 (or the entire
Option if no part of the Option has yet been exercised) in exchange for a
payment in cash of an amount equal to the number of shares of Common Stock as to
which the Option remains unexercised at the time the Company exercises such
right multiplied by the excess of (a) the higher of (x) the Minimum Price Per
Share (as defined below), or (y) the highest reported closing sale price of a
share of the Common Stock on the New York Stock Exchange at any time during the
period beginning on the sixtieth (60th) day prior to the date on which the
Company exercises such right and ending on the date on which the Company
exercises such right, over (b) the Option Price per share.

For purposes of this Section 2.6, unless otherwise provided in the relevant
Stock Option Agreement, the term "Minimum Price Per Share" will mean the highest
gross price (before brokerage commissions and soliciting dealers' fees) paid or
to be paid for a share of Common Stock (whether by way of exchange, conversion,
distribution upon liquidation or otherwise) in any Change in Control which is in
effect at any time during the period beginning on the sixtieth (60th) day prior
to the date on which the Company exercises such right and ending on the date on
which the Company exercises such right. For purposes of this definition, if the
consideration paid or to be paid in any such Change in Control consists, in
whole or in part, of consideration other than cash, then the Board will take
such action as in its judgment it deems appropriate to establish the cash value
of such consideration.

The Company's right to cancel an Option pursuant to Section 2.6 may be exercised
at any time until the end of the thirtieth (30th) day following the occurrence
of the Change in Control.

ARTICLE III
STOCK APPRECIATION RIGHTS AND LIMITED RIGHTS

3.1    Award of Stock Appreciation Right

(a)    An SAR is an Award entitling the recipient on exercise to receive an
amount, in cash or Stock or a combination thereof (such form to be determined by
the Committee), determined in whole or in part by reference to appreciation in
Stock value.

(b)    In general, an SAR entitles the Participant to receive, with respect to
each share of Stock as to which the SAR is exercised, the excess of the share's
Fair Market Value on the date of exercise over its Fair Market Value on the date
the SAR was granted.

(c)    SARs may be granted in tandem with Options granted under the Plan
("Tandem SARs") or independently of Options ("Independent SARs"). An SAR granted
in tandem with an NSO may be granted either at or after the time the Option is
granted.

(d)    SARs awarded under the Plan will be evidenced by either a Stock Option
Agreement (when SARs are granted in tandem with an Option) or a separate written
agreement between the Company and the Participant in such form and containing
such terms and conditions as the Committee may from time to time determine.

(e)    Except as otherwise provided herein, a Tandem SAR will be exercisable
only at the same time and to the same extent and subject to the same conditions
as the Option related thereto is exercisable, and the Committee may prescribe
additional conditions and limitations on the exercise of the SAR. The exercise
of a Tandem SAR will cancel the related Option. Tandem SARs may be exercised
only when the Fair Market Value of Stock to which it relates exceeds the Option
Price.

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(f)    Except as otherwise provided herein, an Independent SAR will become
exercisable at such time or times, and on such conditions, as the Committee may
specify, and the Committee may at any time accelerate the time at which all or
any part of the SAR may be exercised.

The Committee may provide, under such terms and conditions as it may deem
appropriate, for the automatic grant of additional SARs upon the full or partial
exercise of an Independent SAR.

Any exercise of an Independent SAR must be in writing, signed by the proper
person and delivered or mailed to the Company, accompanied by any other
documents required by the Committee.

(g)    Except as otherwise provided herein, all SARs will automatically be
exercised on the last trading day prior to the expiration date established by
the Committee at the time of the award for the SAR, or, in the case of a Tandem
SAR, for the related Option, so long as exercise on such date will result in a
payment to the Participant.

(h)    Unless otherwise provided by the Committee, no SAR will become
exercisable or will be automatically exercised for six months following the date
on which it was granted or the effective date of the Plan, whichever is later.

(i)    At the time of award of an SAR, the Committee may limit the amount of the
payment that may be made to a Participant upon the exercise of the SAR. The
Committee may further determine that, if the amount to be received by a
Participant in any year is limited pursuant to this provision, payment of all or
a portion of the amount that is unpaid as a result of the limitation may be made
to the Participant at a subsequent time. No such limitation will require a
Participant to return to the Company any amount theretofore received by him or
her upon the exercise of an SAR.

(j)    Payment of the amount to which a Participant is entitled upon the
exercise of an SAR will be made in cash, Stock, or partly in cash and partly in
Stock, as the Committee may determine. To the extent that payment is made in
Stock, the shares will be valued at their Fair Market Value on the date of
exercise of the SAR. The Committee may also at any time and from time to time
provide for the deferral of delivery of any shares and/or cash for which the SAR
may be exercisable until a specified date or dates and subject to terms and
conditions determined by the Committee.

(k)    Unless otherwise determined by the Committee, each SAR will expire on the
first to occur of the first of the following: (i) the expiration date set by the
Committee at the time of an award of an SAR, (ii) in the case of a Tandem SAR,
termination of the related Option, (iii) expiration of a period of six months
after the Participant's ceasing to be an Eligible Person as a result of
termination of service to the Company with the consent of the Committee or as a
result of his or her death, retirement or disability, or (iv) the Participant
ceasing to be an Eligible Person for any other reason.

3.2    Participant Limited Rights

(a)    The Committee may award Participant Limited Rights pursuant to the
provisions of this Section 3.2 to the holder of an Option to purchase Common
Stock granted under the Plan (a "Related Option") with respect to all or a
portion of the shares subject to the Related Option. A Limited Right may be
exercised only during the period beginning on the first day following a Change
in Control, as defined in Article VII of the Plan, and ending on the thirtieth
(30th) day following such date. Each Participant Limited Right will be
exercisable only to the same extent that the Related Option is exercisable, and
in no event after the termination of the Related Option. Participant Limited
Rights will be exercisable only when the Fair Market Value (determined as of the
date of exercise of the Participant Limited Rights) of each share of Common
Stock with respect to which the Participant Limited Rights are to be exercised
exceeds the Option Price per share of Common Stock subject to the Related
Option.

(b)    Upon the exercise of Participant Limited Rights, the Related Option will
be considered to have been exercised to the extent of the number of shares of
Common Stock with respect to which such

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Participant Limited Rights are exercised. Upon the exercise or termination of
the Related Option, the Participant Limited Rights with respect to such Related
Option will be considered to have been exercised or terminated to the extent of
the number of shares of Common Stock with respect to which the Related Option
was so exercised or terminated.

(c)    The effective date of the grant of a Limited Right will be the date on
which the Committee approves the grant of such Limited Right. Each grantee of a
Limited Right will be notified promptly of the grant of the Limited Right in
such manner as the Committee prescribes.

(d)    Upon the exercise of Limited Rights, the holder thereof will receive in
cash an amount equal to the product computed by multiplying (i) the excess of
(a) the higher of (x) the Minimum Price Per Share (as hereinafter defined), or
(y) the highest reported closing sales price of a share of Common Stock on the
New York Stock Exchange at any time during the period beginning on the sixtieth
(60th) day prior to the date on which such Participant Limited Rights are
exercised and ending on the date on which such Participant Limited Rights are
exercised, over (b) the Option Price per share of Common Stock subject to the
Related Option, by (ii) the number of shares of Common Stock with respect to
which such Participant Limited Rights are being exercised.

(e)    For purposes of this Section 3.2, the term "Minimum Price Per Share" will
mean the highest gross price (before brokerage commissions and soliciting
dealers' fees) paid or to be paid for a share of Common Stock (whether by way of
exchange, conversion, distribution upon liquidation or otherwise) in any Change
in Control which is in effect at any time during the period beginning on the
sixtieth (60th) day prior to the date on which such Participant Limited Rights
are exercised and ending on the date on which such Participant Limited Rights
are exercised. For purposes of this definition, if the consideration paid or to
be paid in any such Change in Control will consist, in whole or in part, of
consideration other than cash, the Board will take such action, as in its
judgment it deems appropriate, to establish the cash value of such
consideration.

ARTICLE IV
PERFORMANCE AWARDS

4.1    Nature of Performance Awards

A Performance Award provides for the recipient to receive an amount in cash or
Stock or a combination thereof (such form to be determined by the Committee)
following the attainment of Performance Goals. Performance Goals may be related
to personal performance, corporate performance (including corporate stock
performance), departmental performance or any other category of performance
deemed by the Committee to be important to the success of the Company or may be
related to the occurrence of any triggering event or events that the Committee
may deem appropriate. The Committee will determine the Performance Goals, the
period or periods during which performance is to be measured or otherwise
determined and all other terms and conditions applicable to the Award.
Regardless of the degree to which Performance Goals are attained, a Performance
Award will be paid only when, if and to the extent that the Committee determines
to make such payment.

4.2    Other Awards Subject to Performance Condition

The Committee may, at the time any Award described in this Plan is granted,
impose the condition (in addition to any conditions specified or authorized in
the Plan) that Performance Goals be met prior to the Participant's realization
of any payment or benefit under the Award.

ARTICLE V
RESTRICTED STOCK AND RESTRICTED UNITS

5.1    Awards of Restricted Stock and Restricted Units

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The Committee may award to any Participant shares of Stock subject to this
Article V and such other terms and conditions as the Committee may prescribe,
such Stock referred to herein as "Restricted Stock." Each certificate for
Restricted Stock will be registered in the name of the Participant and deposited
by him or her, together with a stock power endorsed in blank, with the
Corporation.

The Committee may also award to any Participant Restricted Units subject to this
Article V and such other terms and conditions as the Committee may prescribe.
For purposes hereof, a "Restricted Unit" will mean any award of a contractual
right granted under this Article V to receive Stock (or, at the discretion of
the Committee, cash in an amount based on the Fair Market Value of the Stock, or
a combination of Stock and cash) which would become vested and nonforfeitable,
in whole or in part, upon the completion of such period of service as may be
determined by the Committee.

5.2    Restricted Stock/Restricted Unit Agreement

Awards of Restricted Stock and Restricted Units under the Plan will be evidenced
by a written agreement in such form and containing such terms and conditions as
the Committee may determine.

5.3    Restriction Period; Dividend Equivalents

At the time of award of Restricted Stock or Restricted Units, there will be
established for each Participant a "Restriction Period" of such length as the
Committee determines. The Restriction Period may be waived by the Committee.
Shares of Restricted Stock and Restricted Units may not be sold, assigned,
transferred, pledged or otherwise encumbered, except as hereinafter provided.

Subject to such restrictions on transfer, the Participant as owner of such
shares of Restricted Stock will have the rights of the holder of such Restricted
Stock, except that the Committee may provide at the time of the Award that any
dividends or other distributions paid with respect to such Stock during the
Restriction Period will be accumulated and held by the Company and will be
subject to the same forfeiture provisions and the same restrictions on transfer
as apply to the shares of Restricted Stock with respect to which they were paid.

Upon the expiration or waiver by the Committee of the Restriction Period and the
satisfaction (as determined by the Committee) of any other conditions determined
by the Committee, restrictions applicable to the Restricted Stock or Restricted
Units will lapse and the Corporation will, in the case of Restricted Stock,
redeliver to the Participant (or his or her legal representative or designated
beneficiary) the shares deposited pursuant to Section 5.1 free and clear of all
restrictions except as may be imposed by law and, in the case of Restricted
Units, will pay out such units as provided in the Restricted Unit Agreement.

5.4    Termination of Eligibility

Unless otherwise determined by the Committee, in the event the Participant is no
longer an Eligible Person and ceased to be such as a result of termination of
service to the Company with the consent of the Committee, or as a result of his
or her death, retirement or disability, the restrictions imposed under this
Article V will lapse with respect to such number of the shares of Restricted
Stock and with respect to such number of Restricted Units previously awarded to
him or her as may be determined by the Committee. All other shares of Restricted
Stock and Restricted Units previously awarded to him or her which are still
subject to restrictions, along with any dividends or other distributions thereon
that have been accumulated and held by the Company, will be forfeited, and in
the case of Restricted Stock, the Corporation will have the right to complete
the blank stock power.

Unless otherwise determined by the Committee, in the event the Participant
ceases to be an Eligible Person for any other reason, all shares of Restricted
Stock and all Restricted Units previously awarded to him or her which are still
subject to restrictions, along with any dividend or other distributions on
Restricted Stock that have been accumulated and held by the Company, will be
forfeited, and, in the case of Restricted Stock, the Corporation will have the
right to complete the blank stock power.

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5.5    Dividend Equivalents

The Committee will determine whether and to what extent, if any, to credit to
the account of, or to pay currently to, each recipient of Restricted Units, an
amount equal to any dividends or other distributions paid during the Restriction
Period with respect to the corresponding number of shares of Stock covered
thereby ("Dividend Equivalent"). To the extent provided by the Committee at or
after the date of grant, any Dividend Equivalents with respect to cash dividends
on the Stock credited to a Participant's account will be deemed to have been
invested in shares of Stock on the record date established for the related
dividend and, accordingly, a number of additional Restricted Units shall be
credited to such Participant's account equal to the greatest whole number which
may be obtained by dividing (x) the value of such Dividend Equivalent on the
record date by (y) the Fair Market Value of a share of Stock on such date.

ARTICLE VI
DEFERRAL OF PAYMENTS

6.1    Deferral of Amounts

If the Committee makes a determination to designate Awards or, from time to
time, groups or types of Awards, eligible for deferral hereunder, a Participant
may, subject to such terms and conditions and within such limits as the
Committee may from time to time establish, elect to defer the receipt of amounts
due to him or her under the Plan. Amounts so deferred are referred to herein as
"Deferred Amounts." The Committee may also permit amounts now or hereafter
deferred or available for deferral under any present or future incentive
compensation program or deferral arrangement of the Company to be deemed
Deferred Amounts and to become subject to the provisions of this Article. Awards
which are so deferred will be deemed to have been awarded in cash and the cash
deferred as Deferred Amounts.

The period between the date on which the Participant's Deferred Amount would
have been payable absent deferral and the final payment of such Deferred Amount
will be referred to herein as the "Deferral Period."

6.2    Payment of Deferred Amounts

Payment of Deferred Amounts will be made on such terms and conditions as the
Committee may determine and will be made at such time or times, and may be in
cash, Stock, or partly in cash and partly in Stock, as the Committee in its sole
discretion may from time to time determine.

ARTICLE VII
CHANGES IN CONTROL

7.1    Effect of Change in Control

Upon the occurrence of a change in control (a) as defined in the relevant
agreement for an Award or (b) as may be determined by the Committee (each of
(a) and (b) a "Change of Control"), then notwithstanding any other provision of
the Plan:

(i)if so provided in the respective Stock Option Agreements, as they may be
amended from time to time, Options and, subject to the exercise provisions of
Section 3.2(a) of the Plan, Participant Limited Rights, but not SARs,
outstanding and unexercised on the date of the Change in Control will become
immediately exercisable;

(ii)if so provided in the respective Stock Option Agreements, as they may be
amended from time to time, Company Limited Rights will become immediately
exercisable;

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(iii)Performance Awards will be deemed to have been earned if so determined by
the Committee and may be paid on such basis as the Committee may prescribe;

(iv)Restricted Stock and Restricted Units may be deemed to be earned and the
Restriction Period may be deemed to be expired on such terms and conditions as
the Committee may determine; and

(v)amounts deferred under this Plan may be paid on such terms as the Committee
determines.

ARTICLE VIII
GENERAL PROVISIONS

8.1    Non-Transferability

No Option, Limited Right, SAR, Performance Award, Restricted Unit or share of
Restricted Stock or Deferred Amount under the Plan will be transferable other
than by will, by the applicable laws of descent and distribution, or, if
permitted by the Company, by transfer to a properly designated beneficiary in
the event of death. All Awards and Deferred Amounts will be exercisable or
received during the Participant's lifetime only by such Participant or his or
her legal representative. Any transfer contrary to this Section 8.1 will nullify
the Option, Participant Limited Right, SAR, Performance Award, Restricted Unit
or share of Restricted Stock, and any attempted transfer of a Deferred Amount
contrary to this Section 8.1 will be void and of no effect.

8.2    Beneficiaries

The Committee may, but need not, establish or authorize the establishment of
procedures not inconsistent with Section 8.1 under which a Participant may
designate a beneficiary or beneficiaries to hold, exercise and/or receive
amounts due under an Award or with respect to Deferred Amounts in the event of
the Participant's death.

8.3    Adjustments Upon Changes in Stock

If there is any change in the Stock and/or the corporate structure of the
Company, through merger, consolidation, reorganization, recapitalization, stock
dividend, stock split, split up, dividend in kind or other change in the
corporate structure or distribution to the stockholders, appropriate adjustments
may be made by the Board of Directors of the Company (or if the Company is not
the surviving corporation in any such transaction, the board of directors of the
surviving corporation) in the aggregate number and kind of shares subject to the
Plan, and the number and kind of shares and the price per share subject to
outstanding Options or which may be issued under outstanding Performance Awards
or Awards of Restricted Stock. Appropriate adjustments may also be made by the
Board of Directors or the Committee in the terms of any Awards under the Plan to
reflect such changes and to modify any other terms of outstanding Awards,
including modifications of performance targets and changes in the length of
Performance Periods.

8.4    Conditions of Awards

(a)    Unless the Committee determines otherwise, either by waiving the
conditions(s) or by limiting or otherwise amending the condition(s) with respect
to any specified Award or group of Awards, the rights of a Participant with
respect to any Award received under this Plan will be subject to the conditions
that, until the Participant has fully received all payments, transfers and other
benefits under the Award, he or she will (i) not engage, either directly or
indirectly, in any manner or capacity as advisor, principal, agent, partner,
officer, director, employee, member of any association or otherwise, in any
business or activity which is at the time competitive with any business or
activity conducted by the Company and (ii) be available, unless he or she has
died, at reasonable times for consultations at the request of the Company's
management with respect to phases of the business with which he or she is

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or was actively connected during the time he or she was an employee or
independent contractor, but such consultations will not (except in the case of a
Participant whose active service was outside the United States) be required to
be performed at any place or places outside of the United States of America or
during usual vacation periods or periods of illness or other incapacity. In the
event that either of the above conditions is applicable (or is applicable as
modified by the Committee) and is not fulfilled, the Participant will forfeit
all rights to any unexercised Option or SAR, or any Performance Award or Stock
held which has not yet been determined by the Committee to be payable or
unrestricted (and any unpaid amounts equivalent to dividends or other
distributions or amounts equivalent to interest relating thereto) as of the date
of the breach of condition. Any determination by the Board of Directors of the
Corporation, which will act upon the recommendation of the Chief Executive
Officer, that the Participant is, or has, engaged in a competitive business or
activity as aforesaid or has not been available for consultations as aforesaid
or, if the Committee has modified such condition(s) with respect to the
Participant's Award, that the Participant has not complied with such
condition(s) as modified by the Committee will be conclusive.

(b)    This Section 8.4 will not apply to Participant Limited Rights.

8.5    Use of Proceeds

All cash proceeds from the exercise of Options will constitute general funds of
the Company.

8.6    Tax Withholding

The Company will collect, through withholding or otherwise, an amount sufficient
to satisfy any applicable statutory federal, state and local withholding tax
requirements (the "withholding requirements") with respect to payments made
pursuant to the Plan.

In the case of an Award pursuant to which Stock may be delivered, the Committee
will have the right to require that the Participant or other appropriate person
remit to the Company an amount sufficient to satisfy any applicable statutory
withholding requirements, or make other arrangements satisfactory to the
Committee with regard to such requirements, prior to the delivery of any Stock.

If and to the extent that such withholding is required, the Committee may permit
the Participant or such other person to elect at such time and in such manner as
the Committee provides to have the Company hold back from the shares to be
delivered, or to deliver to the Company, Stock having a value calculated to
satisfy the statutory withholding requirement. In the alternative, the Committee
may, at the time of grant of any such Award, require that the Company withhold
from any shares to be delivered Stock with a value calculated to satisfy any
applicable statutory tax withholding requirements.

8.7    Non-Uniform Determinations

The Committee's determinations under the Plan, including without limitation
(i) the determination of the Participants to receive Awards, (ii) the form,
amount, timing and payment of such Awards, (iii) the terms and provisions of
such Awards, and (iv) the agreements evidencing the same, need not be uniform
and may be made by it selectively among Participants who receive, or who are
eligible to receive, Awards under the Plan, whether or not such Participants are
similarly situated.

8.8    Leaves of Absence; Transfers

The Committee will be entitled to make such rules, regulations and
determinations as it deems appropriate under the Plan in respect to any leave of
absence from the Company granted to a Participant. Without limiting the
generality of the foregoing, the Committee will be entitled to determine:
(i) whether or not any such leave of absence will be treated as if the
Participant ceased to be an Eligible Person; and (ii) the impact, if any, of any
such leave of absence on Awards under the Plan. In the event a Participant
transfers within the Company, such Participant will not be deemed to have ceased
to be an Eligible Person for purposes of the Plan.

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8.9    General Restriction

(a)    Each Award under the Plan will be subject to the condition that, if at
any time the Committee determines that (i) the listing, registration or
qualification of shares of Stock upon any securities exchange or under any state
or federal law, (ii) the consent or approval of any government or regulatory
body, or (iii) an agreement by the Participant with respect thereto, is
necessary or desirable, then such Award will not be consummated in whole or in
part unless such listing, registration, qualification, consent, approval or
agreement has been effected or obtained free from any conditions not acceptable
to the Committee.

(b)    Shares of Common Stock for use under the provisions of this Plan will not
be issued until they have been duly listed, upon official notice of issuance,
upon the New York Stock Exchange and such other exchanges, if any, as the Board
of Directors of the Corporation determines, and a registration statement under
the Securities Act of 1933 with respect to such shares has become, and is,
effective.

8.10    Effective Date

The Plan is effective April 1, 1999, as amended.

No Award may be granted under the Plan after the Plan is terminated pursuant to
Section 8.11, but Awards previously made may extend beyond that date and Reload
Options and additional Reload Options provided for with respect to original
Options outstanding prior to that date may continue unless the Committee
otherwise provides and subject to such additional terms and conditions as the
Committee may provide, and the provisions of Article VI of the Plan will survive
and remain effective as to all present and future Deferred Amounts until such
later date as the Committee or the Board of Directors may determine.

The adoption of the Plan will not preclude the adoption by appropriate means of
any other stock option or other incentive plan for employees and/or independent
contractors.

8.11    Amendment, Suspension and Termination of Plan

The Board of Directors or the Committee may at any time or times amend the Plan
for any purpose which may at the time be permitted by law, or may at any time
suspend or terminate the Plan as to any further grants of Awards.

8.12    Certain Definitions

(a)    The terms "retirement" and "disability" as used under the Plan will have
the meanings determined from time to time by the Committee.

(b)    The term "Fair Market Value" as it relates to Common Stock means the
average of the high and low prices of the Common Stock as reported by the
Composite Tape of the New York Stock Exchange (or such successor reporting
system as the Committee may select) on the relevant date or, if no sale of the
Common Stock has been reported for that day, the average of such prices on the
next preceding day and the next following day for which there were reported
sales. The term "Fair Market Value" as it relates to Formula Value Stock will
mean the value determined by the Committee.

(c)    "subsidiary" means any corporation, partnership or other entity of which
shares of voting stock sufficient to elect a majority of the Board of Directors,
or other persons performing similar functions, is owned by the Corporation,
either directly or indirectly through one or more subsidiaries.

(d)    "Formula Value Stock" means shares of a class or classes of stock the
value of which is derived from a formula established by the Committee which
reflects such financial measures as the Committee may determine. Such shares
will have such other characteristics as may be determined at time of their
authorization.

8.13    Governing Law

The Plan and all agreements or other documents relating to the Plan will be
construed in accordance with and governed by the laws of the State of Delaware,
without regard to the principles of conflict of laws.

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