A. T. CROSS COMPANY
OMNIBUS INCENTIVE PLAN

Effective April 23, 1998

Amended as of October 21, 1999
Further amended as of April 27, 2000, February 20, 2001
and April 22, 2004

A. T. CROSS COMPANY
OMNIBUS INCENTIVE PLAN

1. Purpose

The purpose of the A. T. Cross Company Omnibus Incentive Plan (the "Omnibus
Plan") is to attract and retain the best available talent and encourage the
highest level of performance by employees and other persons who perform services
for A. T. Cross Company (the "Company"). By affording eligible persons the
opportunity to acquire proprietary interests in the Company and by providing
them incentives to put forth maximum efforts for the success of the Company's
business, the Omnibus Plan is intended to serve the best interests of the
Company and its stockholders.

2. Definitions

"Affiliate" shall mean (i) any entity that, directly or indirectly, is
controlled by the Company, and (ii) any entity in which the Company has a
significant equity interest, in either case as determined by the Committee.

"Award" shall mean any Option, Stock Appreciation Right, Restricted Stock Award,
Performance Award or other Stock-Based Award.

"Award Agreement" shall mean any written agreement, contract, or other
instrument or document evidencing any Award, which may, but need not, be
executed or acknowledged by a Participant.

"Board" shall mean the Board of Directors of the Company.

"Change in Control" shall mean (i) a change in the beneficial ownership (as
defined in Rule 16(a)-(1)(a)(ii)) of more than fifty percent (50%) of the Class
B common stock of the Company, or (ii) approval by Company stockholders of the
consolidation or merger in which the Company will not be the surviving
corporation, or the sale of substantially all of the Company's assets.

"Code" shall mean the Internal Revenue Code of 1986, as amended from time to
time.

"Committee" shall mean the Compensation Committee of the Board or such other
committee consisting of not less than two Board members designated by the Board
to administer the Omnibus Plan.

"Common Shares" shall mean shares of the Class A common stock, $ 1.00 par value,
of the Company.

"Company" shall mean A. T. Cross Company, a Rhode Island corporation.

"Effective Date" means April 23, 1998.

"Employee" shall mean an employee of the Company or of any Affiliate, or a
Director of the Company.

"Exchange Act" shall mean the Securities Exchange Act of 1934, as amended.

"Fair Market Value" of the Common Shares shall mean the average of the high and
low prices of the Common Shares as reported by the American Stock Exchange, or
the Fair Market Value of any other property or other item being valued as
determined by the Committee in its sole discretion.

"Freestanding Right" shall mean a Stock Appreciation Right awarded by the
Committee pursuant to Paragraph 7 of the Omnibus Plan other than in connection
with an Option.

"Incentive Stock Option" shall mean the right to purchase Common Shares from the
Company that is granted under Paragraph 6 of the Plan and that is intended to
meet the requirements of Section 422 of the Code or any successor provision
thereto.

"Insider" shall mean, at any time, an individual who is an officer, director, or
10% shareholder of the Company within the meaning of Exchange Act Rule 16a-1(f)
as promulgated and interpreted by the SEC under the Exchange Act, or any
successor rule or regulation thereto as in effect from time to time.

"Non-Employee Director" shall mean a Director of the Company who at the relevant
time is not an Employee of the Company or its subsidiaries.

"Non-Qualified Stock Option" shall mean a right to purchase Common Shares from
the Company that is granted under Paragraph 6 of the Plan and that is not
intended to be an Incentive Stock Option.

"Omnibus Plan" or "Plan" shall mean this A. T. Cross Company Omnibus Incentive
Plan.

"Option" shall mean an Incentive Stock Option or a Non-Qualified Stock Option.

"Other Stock-Based Award" shall mean any right granted under Paragraph 10 of the
Plan.

"Participant" shall mean any Employee selected by the Committee to receive an
Award under the Plan.

"Performance Award" shall mean any right granted under Paragraph 9 of the Plan.

"Person" shall mean any individual, corporation, partnership, association,
joint-stock company, trust, unincorporated organization, government or political
subdivision thereof or other equity.

"Qualified Domestic Relations Order" shall mean a domestic relations order
meeting such requirements as the Committee shall determine in its sole
discretion.

"Restricted Period" shall mean the period during which Restricted Stock and
Restricted Stock Units may be forfeited to the Company.

"Restricted Stock" shall mean Common Shares granted under Paragraph 8 of the
Omnibus Plan.

"Restricted Stock Unit" shall mean any unit granted under Paragraph 8 of the
Omnibus Plan.

"Rule 16(a)-(1)(a)(ii)" shall mean Rule 16(a)-(1)(a)(ii) as promulgated and
interpreted by the SEC under the Exchange Act, or any successor rule or
regulation thereto as in effect from time to time.

"Rule 16b-3" shall mean Rule 16b-3 as promulgated and interpreted by the SEC
under the Exchange Act, or any successor rule or regulation thereto as in effect
from time to time.

"Stock Appreciation Right" shall mean any Tandem Right or Freestanding Right
granted under Paragraph 7 of the Omnibus Plan.

"Tandem Right" shall mean a Stock Appreciation Right awarded by the Committee in
connection with an Option pursuant to Paragraph 7 of the Omnibus Plan.

"Total Disability" shall mean a determination by the Committee that the Employee
is unable to perform the duties required of him or her by the Company as a
result of any physical or mental condition as set forth in the Company's Long
Term Total Disability Program.

3. Scope and Duration

Awards under the Omnibus Plan may be granted in the form of Incentive Stock
Options, Non-Qualified Stock Options, Stock Appreciation Rights, Restricted
Shares, Restricted Stock Units, Performance Awards or Other Stock-Based Awards.
The maximum aggregate number of Common Shares as to which Awards may be granted
from time to time under the Omnibus Plan is 1,900,000 shares, subject to
adjustment as provided in Paragraph 14. The Common Shares available may be in
whole or in part, as the Board shall from time to time determine, authorized but
unissued shares or issued shares re-acquired by the Company. Unless otherwise
provided by the Committee, Common Shares covered by expired, terminated or
forfeited Awards, Awards which are settled for cash or consideration other than
the delivery of Common Shares, or Common Shares which are used to exercise any
Award or to satisfy the withholding tax liabilities of any Award will be
available for subsequent awards under the Omnibus Plan. No Incentive Stock
Option shall be granted more than 10 years after the Effective Date.

4. Administration

The Omnibus Plan shall be administered by the Committee. The Committee shall
have plenary authority in its discretion, subject to and not inconsistent with
the express provisions of the Omnibus Plan, to grant Awards, to determine the
terms and conditions applicable to Awards, to determine the persons to whom, and
the time or times at which, Awards shall be granted and the number of Common
Shares to be covered by each grant; to determine the terms and provisions of the
Award Agreements entered into in connection with Awards under the Omnibus Plan;
to interpret the Omnibus Plan; to prescribe, amend and rescind rules and
regulations relating to the Omnibus Plan; and to make all other determinations
provided for in the Omnibus Plan, or deemed necessary or advisable for the
administration of the Omnibus Plan. To the extent permissible by law, the
Committee may delegate to one or more of its members or to one or more agents
such administrative duties as it may deem advisable, and the Committee or any
person to whom it has delegated duties as aforesaid may employ one or more
persons to render advice with respect to any responsibility the Committee or
such person may have under the Omnibus Plan.

5. Eligibility; Factors to be Considered in Granting Awards

Subject to the discretion of the Committee, Awards may be granted to any
Employee of the Company or its Affiliates, or a director of the Company, except
that a non-employee director shall not be granted an Incentive Stock Option. In
determining the Employees to whom Awards shall be granted and the number of
Common Shares or units to be covered by each Award, the Committee shall take
into account the nature of the Employee's duties, the present and potential
contributions to the success of the Company, and such other factors as it shall
deem relevant in connection with accomplishing the purposes of the Omnibus Plan.

No award of Incentive Stock Options shall result in the aggregate Fair Market
Value (determined as of the date of grant) of Common Shares with respect to
which Incentive Stock Options are exercisable for the first time by any Employee
during any calendar year being in excess of $100,000. No Employee shall be
granted Awards covering more than 1,000,000 Common Shares in any calendar-year
period.

6. Stock Options

(a) Exercise Price

The purchase price of the Common Shares covered by each Option shall be
determined by the Committee, but in the case of an Incentive Stock Option shall
not be less than 100% of the Fair Market Value (110% in the case of a
shareholder possessing more than 10% of the total combined voting power of all
classes of Company stock) of the Common Shares on the date the Option is
granted, or if there are no sales on such date, on the next preceding day on
which there were sales.

(b) Terms of Options

The term of each Incentive Stock Option granted under the Omnibus Plan shall not
be more than 10 years (5 years in the case of a shareholder possessing more than
10% of the total combined voting power of all classes of Company stock) from the
date of grant, but shall otherwise be such period of time as the Committee shall
determine, subject to earlier termination as provided in Paragraphs 11 and 12.
The term of each Non-Qualified Stock Option granted under the Omnibus Plan shall
be such period of time as the Committee shall determine, subject to earlier
termination as provided in Paragraphs 11 and 12.

(c) Exercise of Options

(i) Subject to the provisions provided herein, an Option granted under the
Omnibus Plan shall become vested as determined by the Committee. The Committee
may, in its discretion, determine as a condition of any Option, that all or a
stated percentage of the Option shall become exercisable, in installments or
otherwise, only after the completion of a specified service requirement, or the
satisfaction or occurrence of other conditions. The Board of Directors may also,
in its discretion, accelerate the exercisability of any Option at any time and
provide in any Award Agreement that the Option shall become immediately
exercisable as to all Common Shares remaining subject to the Option upon a
Change in Control.

(ii) An Option may be exercised at any time or from time to time (subject, in
the case of an Incentive Stock Option, to such restrictions as may be imposed by
the Code), as to any or all full shares as to which the Option has become
exercisable. Notwithstanding the foregoing provision, no Option may be exercised
without the prior consent of the Committee by an Insider until the expiration of
six months from the date of the grant of the Option.

(iii) Except as provided in Paragraphs 11, 12 and 13, no Option may be exercised
at any time unless the holder thereof is then an Employee of the Company or one
of its Affiliates.

(d) Payment

The purchase price of the Common Shares as to which an Option is exercised shall
be paid in full at the time of exercise. Payment may be made (i) in cash, which
may be paid by check, or other instrument acceptable to the Company, (ii) with
the consent of the Committee, the Chief Executive Officer or the Chief Financial
Officer, in Common Shares valued at the Fair Market Value on the date prior to
exercise, or if there were no sales on such date, on the next preceding day on
which there were sales, (iii) with the consent of the Committee, and subject to
such terms and conditions as it may determine, by surrender of outstanding
Awards under the Omnibus Plan, or (iv) any combination of the above. In
addition, any amount necessary to satisfy applicable federal, state or local tax
requirements shall be paid promptly upon notification of the amount due. The
Committee, the Chief Executive Officer or the Chief Financial Officer, may
permit such amount to be paid in Common Shares previously owned by the Employee,
or a portion of the Common Shares that otherwise would be distributed to such
Employee upon exercise of the Option, or a combination of cash and such Common
Shares.

(e) Change in Control

In the event of a Change in Control while any Option remains outstanding, unless
the Board of Directors determines or the terms of any Award Agreement provide
otherwise, all Options shall become immediately exercisable, and shall expire as
of the effective date of any such Change in Control. In lieu of delivering all
or any portion of the Common Shares as to which an Option has been exercised
within sixty (60) days of a Change in Control, the Board of Directors may elect
to pay each Optionee, not later than the effective date of any such transaction,
an amount in cash equal to the excess of the Fair Market Value of the Common
Shares the Optionee would have received upon exercise of the Option over the
aggregate exercise price.

7. Stock Appreciation Rights

(a) Awards

The Committee may award Stock Appreciation Rights to Employees of the Company or
any of its Affiliates. Stock Appreciation Rights may be either Tandem Rights or
Freestanding Rights. Tandem Rights may be awarded either at the time the Option
is granted or at any time prior to the exercise of the Option.

(b) Terms and Conditions

(i) Each Tandem Right shall be subject to the same terms and conditions as the
related Option and shall be exercisable only to the extent the Option is
exercisable.

(ii) The price per share specified in a Freestanding Right shall be determined
by the Committee, but in no event shall be less than the Fair Market Value of
the Common Shares as of the date of grant. The term of each Freestanding Right
shall be such period of time as the Committee shall determine. Subject to the
provisions of the Omnibus Plan, each Freestanding Right shall become vested as
determined by the Committee. Prior to becoming 100% vested, each Freestanding
Right shall become exercisable, in installments or otherwise, as the Committee
shall determine. The Board of Directors may also, in its discretion, accelerate
the exercisability of any Freestanding Right at any time, including a Change in
Control.

(c) Exercise

(i) Upon exercise of a Stock Appreciation Right, (subject, in the case of a
Tandem Right, to the surrender of the related Option or any unexercised portion
thereof which the Employee determines to surrender for this purpose) the
Employee shall be entitled to receive, subject to the provisions of the Omnibus
Plan and such rules and regulations as from time to time may be established by
the Committee, a payment having an aggregate value equal to (A) the excess of
(i) the Fair Market Value on the exercise date of one Common Share over (ii) the
Option price per share, in the case of a Tandem Right, or the price per share
specified in the terms of a Freestanding Right, times (B) the number of Common
Shares with respect to which the Stock Appreciation Right shall have been
exercised.

(ii) Upon exercise of a Tandem Right, the number of Common Shares subject to
exercise under the related Option shall automatically be reduced by the number
of Common Shares represented by the Option or portion thereof surrendered.

(iii) A Tandem Right related to an Incentive Stock Option may only be exercised
if the Fair Market Value of a Common Share on the exercise date exceeds the
Option price.

(d) Payments

(i) The payment described in subparagraph (c)(i) above shall be made in the form
of cash, Common Shares, or a combination thereof, as elected by the Employee,
provided that the Committee shall have sole discretion to consent to or
disapprove the election of an officer or director to receive all or part of a
payment in cash.

(ii) If upon exercise of a Stock Appreciation Right the Employee is to receive a
portion of the payment in Common Shares, the number of shares received shall be
determined by dividing such portion by the Fair Market Value of a share on the
exercise date. The number of Common Shares received may not exceed the number of
Common Shares covered by any Option or portion thereof surrendered. Cash will be
paid in lieu of any fractional share.

(iii) Whether payments to Employees upon exercise of Tandem Rights or
Freestanding Rights are made in cash, Common Shares or a combination thereof,
the Committee shall have sole discretion as to timing of the payments, whether
in one lump sum or in annual installments or otherwise deferred, which deferred
payments may in the Committee's sole discretion (i) bear amounts equivalent to
interest or cash dividends, (ii) be treated as invested in the manner from time
to time determined by the Committee, with dividends or other income thereon
being deemed to have been so reinvested, or (iii) for the convenience of the
Company, contributed to a trust, which may be revocable by the Company or
subject to the claims of its creditors, for investment in the manner from time
to time determined by the Committee and set forth in the instrument creating
such trust, all as the Committee shall determine.

(iv) No payment will be required from the Employee upon exercise of a Stock
Appreciation Right, except that any amount necessary to satisfy applicable
federal, state or local tax requirements shall be withheld or paid promptly upon
notification of the amount due and prior to or concurrently with delivery of
cash or a certificate representing shares. The Committee may permit such amount
to be paid in (i) Common Shares previously owned by the Employee, (ii) a portion
of the Common Shares that otherwise would be distributed to such Employee upon
exercise of the right, or (iii) a combination of cash and Common Shares.

8. Restricted Stock or Restricted Stock Units

(a) Awards

Restricted Stock or Restricted Stock Units may be awarded by the Committee in
its sole discretion. At the time an award of Restricted Stock or Restricted
Stock Units is made, the Committee shall (i) establish a Restricted Period
applicable to such award, (ii) prescribe conditions for the lapse, including
incremental lapse, of restrictions during the Restricted Period, or for the
lapse or termination of restrictions upon the satisfaction or occurrence of
other conditions in addition to or other than the expiration of the Restricted
Period, including a Change in Control, and (iii) determine all other terms and
conditions of such award, including voting and dividend or dividend equivalent
rights.

(b) Restrictions on Transfer

Upon the grant of Restricted Stock, a stock certificate representing the number
of Common Shares equal to the number of Restricted Stock granted to an Employee
shall be registered in the Employee's name but shall be held in custody by the
Company for the Employee's account. The Employee shall not be entitled to
delivery of the certificate or to sell, transfer, assign, pledge or otherwise
encumber the Restricted Stock until the expiration of the Restricted Period and
the satisfaction of any other conditions prescribed by the Committee. Upon the
forfeiture of any Restricted Stock, such forfeited Restricted Stock shall be
transferred to the Company without further action by the Employee.

(c) Delivery of Shares

Upon the expiration or termination of the Restricted Period and the satisfaction
of any other conditions prescribed by the Committee or at such earlier time as
provided for in Paragraph 12, a stock certificate for the number of Common
Shares with respect to which the restrictions have lapsed, or one Common Share
for each Restricted Stock Unit with respect to which the restrictions have
lapsed, shall be delivered, free of all such restrictions, except any that may
be imposed by law, to the Employee or the Employee's beneficiary or estate, as
the case may be. Fractional Shares will be paid in cash.

(d) Payment

No payment will be required from the Employee upon the issuance or delivery of
any Common Shares, except that any amount necessary to satisfy applicable
federal, state or local tax requirements shall be withheld or paid promptly upon
notification of the amount due and prior to or concurrently with the issuance or
delivery of a certificate representing such shares. The Committee may permit
such amount to be paid in (i) Common Shares previously owned by the Employee,
(ii) a portion of the Common Shares that otherwise would be distributed to such
Employee upon the lapse of the restrictions applicable to the Restricted Stock
or Restricted Stock Units, or (iii) a combination of cash and Common Shares.

9. Performance Awards

(a) Grant

Performance Awards may be granted to any Employee by the Committee in its sole
discretion. A Performance Award shall consist of a right that is (i) denominated
in cash or Common Shares, (ii) valued, as determined by the Committee, in
accordance with the achievement of such performance goals during such
performance periods as the Committee shall establish, and (iii) payable at such
time and in such form as the Committee shall determine.

(b) Terms and Conditions

Subject to the terms of the Plan and any applicable Award Agreement, the
Committee shall determine (i) the performance goals to be achieved during any
performance period, (ii) the length of any performance period, (iii) the amount
of any Performance Award, (iv) the amount and kind of any payment or transfer to
be made pursuant to any Performance Award, and (v) all other terms and
conditions of any Performance Award, including the consequences of death,
disability, termination of employment and Change in Control.

(c) Payment of Performance Awards

Performance Awards may be paid in a lump sum or in installments following the
close of the performance period or, in accordance with procedures established by
the Committee, on a current or deferred basis.

10. Other Stock-Based Awards

 a. Employee Awards

The Committee shall have authority to grant to eligible Employees an "Other
Stock-Based Award", which shall consist of any right that is an Award of Common
Shares or an Award denominated or payable in, valued in whole or in part by
reference to, or otherwise based on or related to, Common Shares (including,
without limitation, securities convertible into Common Shares), as deemed by the
Committee to be consistent with the purposes of the Plan, other than an Award
described in Paragraphs 6 through 9 above.

 

b) Non-Employee Director Compensation

(i) The compensation of each Non-Employee Director shall be paid sixty percent
(60%) in Common Shares and, unless otherwise elected under clause (ii) of this
Paragraph 10(b) by a Non-Employee Director, forty percent (40%) in cash. The
number of Common Shares to be issued in lieu of such cash shall be determined by
dividing the Fair Market Value of the Common Shares on the date such
compensation is otherwise payable into the amount required to be paid in Common
Shares. Compensation for this purpose means annual retainer fees, but shall not
include supplemental fees for committee chair positions and Board and committee
meeting fees unless otherwise elected by the Non-Employee Director.

(ii) Each Non-Employee Director may elect in accordance with rules established
by the Board and uniformly applied, to receive in Common Shares any part of such
Non-Employee Director's compensation otherwise payable in cash. The number of
Common Shares to be issued in lieu of such cash shall be determined by dividing
the Fair Market Value of the Common Shares on the date the cash is otherwise
payable into the cash amount elected to be received in Common Shares.

(iii) Except to the extent deferred in accordance with any deferred compensation
plan for Non-Employee Directors, the number of Common Shares to be issued to a
Non-Employee Director pursuant to this Paragraph 10(b) shall be rounded down to
the next whole number of Common Shares.

(iv) Except as provided in clause (v) of this Paragraph 10(b), unless otherwise
determined by the Committee, a Non-Employee Director may not sell, transfer,
assign, pledge or otherwise encumber the Common Shares issued to such
Non-Employee Director pursuant to Paragraph 10(b)(i) (the "Mandatory Shares")
prior to the earliest of the date (the "Release Date") which is (x) the third
anniversary of the last day of the fiscal year in which such Mandatory Shares
were issued, (y) twelve months after such Non-Employee Director ceases to serve
as a director of the Company for a reason other than such Non-Employee'
Director's death or Total Disability, and (z) the death or Total Disability of
such Non-Employee Director.

(v) Notwithstanding any other provision hereof, Mandatory Shares

may be transferred, without receipt of consideration by the transferor, during
the lifetime of the Non-Employee Director to one or more transferees who are
members of the Non-Employee Director's immediate family or to a trust or other
entity maintained for the benefit of such persons, provided that following any
such transfer the Mandatory Shares may not be subsequently transferred until the
Release Date. For this purpose "immediate family" means the Non-Employee
Director's spouse, parents, children, grandchildren and the spouses of such
parents, children and grandchildren.

 

11. Termination of Employment

Unless otherwise determined by the Committee, and subject to such restrictions
as may be imposed by the Code in the case of any Incentive Stock Options, in the
event that the employment or service of an Employee to whom an Option or Stock
Appreciation Right has been granted under the Omnibus Plan shall be terminated
for any reason (except as set forth in Paragraph 12), such Option or Stock
Appreciation Right may, subject to the provisions of the Omnibus Plan, be
exercised, to the extent that the Employee was entitled to do so at the
termination of his employment or service, at any time within six months after
such termination, or in the case of Incentive Stock Options at any time within
ninety (90) days after such termination; provided, however, that any Option or
Stock Appreciation Right held by an Employee whose employment is terminated for
"cause" as determined by the Committee shall terminate immediately.

Unless otherwise determined by the Committee, if an Employee to whom Restricted
Shares or Restricted Stock Units have been granted ceases to be an Employee
prior to the end of the Restricted Period and the satisfaction of any other
conditions prescribed by the Committee for any reason other than death or Total
Disability, the Employee shall immediately forfeit all Restricted Shares and
Restricted Stock Units.

12. Death or Total Disability of Employee

Unless otherwise determined by the Committee, if an Employee to whom an Award
has been granted under the Omnibus Plan shall die or suffer a disability while
employed by the Company, such Option or Stock Appreciation Right may be
exercised, to the extent it was exercisable at the date of termination, at any
time within six months after the date of the Employee's death or Total
Disability, but in no case later than the date on which the Option or Stock
Appreciation Right otherwise terminates.

13. Non-Transferability of Awards

Awards granted under the Omnibus Plan shall not be transferable other than by
will or the laws of descent and distribution, or pursuant to a qualified
domestic relations order as defined by Section 414(p) of the Code except to the
extent provided in any Award Agreement and permitted under applicable law.

14. Adjustment upon Changes in Capitalization, etc.

(i) The existence of outstanding Options or other Awards shall not affect in any
way the right or ability of the Company or its shareholders to make or authorize
any or all adjustments, recapitalizations, reorganizations or other changes in
the Company's capital structure or its business, or any merger or consolidation
of the Company, or any issue of bonds, debentures, preferred or prior preference
stock ahead of or affecting the Common Shares or the rights hereof, or the
dissolution or liquidation of the Company, or any sale or transfer of all or any
part of its assets or business or substantially all of the outstanding stock of
the Company, or any other corporate act or proceeding, whether of a similar
character or otherwise.

(ii) If the Company shall effect a subdivision, consolidation or
reclassification of the Common Shares or other capital readjustment or
recapitalization, the payment of a stock dividend, or other increase or
reduction in the number of the Common Shares outstanding, without receiving
compensation therefor in money, services or property, then the number, class,
and per share price of Common Shares which are then the subject of outstanding
options hereunder shall be appropriately adjusted in such a manner as to entitle
Employees to receive, for the same aggregate cash consideration, if applicable,
the same total number and class of shares as they would have received as a
result of the event requiring the adjustment had they owned the underlying
Common Shares.

(iii) Except as hereinbefore expressly provided, the issue by the Company of
shares of stock of any class, for cash or property, or for labor or services,
either upon direct sale or upon the exercise of rights or warrants to subscribe
therefor, or upon conversion of shares or obligations of the Company convertible
into such shares or other securities, shall not affect, and no adjustment by
reason thereof shall be made with respect to, the number or price of Common
Shares then subject to outstanding options.

15. Effective Date

The Omnibus Plan shall be effective as of April 23, 1998, provided that the
adoption of the Omnibus Plan shall have been approved by the stockholders of the
Company. The Committee may, in its discretion, grant Awards under the Omnibus
Plan, the grant, exercise or payment of which shall be expressly subject to the
conditions that, to the extent required at the time of grant, exercise or
payment, (i) if the Company deems it necessary or desirable, a Registration
Statement under the Securities Act of 1933 with respect to such Common Shares
shall be effective, and (ii) any requisite approval or consent of any
governmental authority of any kind having jurisdiction over Awards granted under
the Omnibus Plan shall be obtained.

16. Termination and Amendment

The Board may suspend, terminate, modify or amend the Omnibus Plan at any time
without shareholder approval except as may be required by applicable laws,
regulations, exchange requirements, the Company's Articles of Incorporation or
By-laws. If the Omnibus Plan is terminated, the terms of the Omnibus Plan shall,
notwithstanding such termination, continue to apply to Awards granted prior to
such termination. In addition, no suspension, termination, modification or
amendment of the Omnibus Plan may, without the consent of the Employee to whom
an Award shall theretofore have been granted, adversely affect the rights of
such Employee under such Award.

17. Miscellaneous

(a) Written Agreements

Each Award hereunder shall be evidenced by an Award Agreement which shall
contain such restrictions, terms and conditions as the Committee may require.

(b) No Right to Employment

Nothing in the Omnibus Plan or in any Award granted pursuant to the Omnibus Plan
shall confer upon any Employee any right to continue in the employ of the
Company or any of its subsidiaries or interfere in any way with the right of the
Company or any such subsidiary to terminate such employment at any time.

(c) Governing Law

The validity, construction, and effect of the Omnibus Plan and any rules and
regulations relating to the Plan and any Award Agreement shall be determined in
accordance with the laws of the State of Rhode Island without resort to such
State's conflict of laws rules.

(d) Severability

If any provision of the Omnibus Plan or any Award is or becomes or is deemed to
be invalid, illegal, or unenforceable in any jurisdiction or as to any Employee
or Award, or would disqualify the Omnibus Plan or any Award under any law or
regulations deemed applicable, or the compliance with which is deemed desirable,
including any accounting rules or regulations, by the Committee, such provision
shall be construed or deemed amended to conform to the applicable laws, rules or
regulations, or if it cannot be construed or deemed amended without, in the
determination of the Committee, materially altering the intent of the Omnibus
Plan or the Award, such provision shall be stricken as to such jurisdiction,
Employee or Award and the remainder of the Omnibus Plan and any such Award shall
remain in full force and effect.

(e) Other Laws

The Committee may refuse to issue or transfer any Common Shares or other
consideration under an Award if, acting in its sole discretion, it determines
that the issuance or transfer of such Common Shares or such other consideration
might violate any applicable law or regulation or entitle the Company to recover
the same under Section 16(b) of the Exchange Act, and any payment tendered to
the Company by an Employee, other holder or beneficiary in connection with the
exercise of such Award shall be promptly refunded to the relevant Employee,
holder, or beneficiary.

IN WITNESS WHEREOF, the Company has caused its duly authorized officer to
execute this amended Plan as of the 22nd day of April, 2004.

 

A. T. CROSS COMPANY

 

 

By: DAVID G. WHALEN
David G. Whalen
President and Chief Executive Officer