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|   | (i) | Award Type and Amount.  Effective June 21, 2007, one-time grants of Restricted Stock to each newly appointed or elected non-employee director were discontinued. |
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|   | (ii) | Vesting and Forfeiture Terms.   With respect to Restricted Stock granted before June 21, 2007 under this Section 6(a), one-third of the number of Shares of Restricted Stock shall vest and become non-forfeitable at the close of business on June 1 of each of the three calendar years following the date of grant of such award, rounded tothe nearest number of whole Shares, subject to the following: |
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|   | (A) | In the event of a Change in Control or termination of the Participant's service as a director due to death or Disability, the award, if not previously vested or forfeited, shall immediately vest and become non-forfeitable in full. |
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|   | (B) | In the event of termination of the Participant's service as a director due to Mandatory Retirement by the Participant, the award, if not previously vested or forfeited, shall immediately vest and become non-forfeitable as to that number of Shares of Restricted Stock as would have vested and become non-forfeitable if the Participant had continued to serve as a director through the anticipated date of the next annualmeeting of shareholders. |
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|   | Unless otherwise determined by the Board, an award of Restricted Stock that has not vested at or before the time of termination of the Participant's service as a director  (this would include all unvested Restricted Stock in the event of a director's removal from service) will cease to vest and will be forfeited upon such termination; provided, however, that, if a director's service would be terminatedas a result of the |
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|   | (i) | Award Type and Amount.  At the date of the 2007 Annual Meeting of Shareholders and each subsequent annual meeting of shareholders (subject to delayed grant as specified below) at which a director is elected or reelected as a member of the Board (or at which members of another class of directors are elected or reelected, if the Company thenhas a classified Board), RSUs shall be automatically granted to each non-employee director eligible to participate in the Plan at the close of business on that date.  If an election of directors at an annual meeting is contested, the date of grant for all eligible directors shall be the date following the annual meeting that the independent Judge of Elections reports the results of the election to the Company, unless otherwise determined by the Board.  The number of such RSUs to be grantedshall equal $135,000 (or such lesser amount as may be specified by the Board or Compensation Committee) divided by the Fair Market Value of a Share on the date of grant.  If a non-employee director is initially elected or appointed at a date that does not coincide with the date of an annual meeting and does not fall within 30 days preceding an announced annual meeting, if he or she is eligible to participate in the Plan at that date, he or she will be automatically granted the number of RSUs equal to(A) $135,000 (or such lesser amount as may be specified by the Board or Compensation Committee) multiplied by a fraction the numerator of which is the number of days from the date of grant to the anniversary of the most recent annual meeting and the denominator of which is 365, divided by (B) the Fair Market Value of a Share on the date of grant, with the resulting number of RSUs rounded to the nearest whole RSU; provided, however, that a director elected or appointed within 60 days after an annual meeting atwhich the director was not reelected will receive the same number of RSUs as were granted at or following the annual meeting to each other non-employee director.  If at the time of grant of RSUs under this Section 6(b) on or after May 8, 2008 there remains insufficient Shares available for the number of Share-Settled RSUs anticipated to be granted during that fiscal year (taking into account previously granted and outstanding Share-Settled awards), (i) in fiscal 2009 the maximum number of Share-SettledRSUs granted to each non-employee director will be 3,000, and any RSUs to be granted in excess of that number will be Cash-Settled RSUs, and (ii) after fiscal 2009 (or earlier at any time that fewer than 3,000 Shares remain available per director for new awards to be granted at a given date) all RSUs to be granted to a non-employee director will be Cash-Settled RSUs. |
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|   | (ii) | Vesting and Forfeiture Terms.   Such award shall become vested and non-forfeitable as to all RSUs at the close of business on June 1 of the year following the date of grant, subject to the following: |
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|   | (A) | In the event of a Change in Control or termination of the Participant's service as a director due to death or Disability, the award, if not previously vested or forfeited, shall immediately vest and become non-forfeitable in full. |
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|   | (B) | In the event of termination of the Participant's service as a director due to a voluntary termination of service or Mandatory Retirement by the Participant, the award, if ­­not previously vested or forfeited, shall immediately vest and become non-forfeitable as to that number of RSUs equal to the total number of RSUs multiplied by a fraction the numerator of which is the number of days from the date of grantto the date of termination of service and the denominator of which is the number of days from the date of grant until June 1 of the year following the date of grant of such award (such fraction in no event will exceed one).  This provision will also apply in the case of a director who fails to be reelected as a director at an annual meeting of shareholders after agreeing to be nominated for reelection, provided, however, that, in such a case the director's service will be deemed to terminate only if,at the end of a 60-day period following such annual meeting (but not later than December 31 if that date falls within the 60-day period), the director has not otherwise been appointed or elected to a seat on the Board and accepted such appointment or election. |
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|   | (i) | General Rule. Except as provided in (ii) – (v) below, RSUs shall be settled promptly at the time the RSUs become vested (and in any case within 90 days thereafter); provided, however, that settlement of RSUs shall be subject to delayed settlement if and to the extent specified in Section 10(d), (e) or (f) below. |
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|   | (ii) | Deferral Election.  A director may elect to defer settlement of RSUs by timely filing an election with the Company as provided below: |
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| A.   | Timing of Elections. A deferral election must generally be made by the end of the calendar year prior to the Plan Year in which the RSU is granted.  However, a newly eligible Participant (within the meaning of Treas. Reg. § 1.409A-2(a)(7)) may make a deferral election withrespect to an initial grant of RSUs under Section 6(b) within 30 days of election or appointment to the Board (which will apply only to the portion of the RSUs attributable to service by the director after the election has been filed), or at such other time as is permitted under Section 409A of the Code. |
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| B.   | Effect and Irrevocability of Elections.  Elections relating to RSUs filed before the calendar year in which the Plan Year to which they relate begins, other than those subject to Section 9(c), shall become irrevocable immediately before the beginning of such calendar year unlessthe Administrator specifies an earlier time.  Elections subject to Section 9(c) shall become irrevocable in accordance with Section 9(c).  Other elections shall become irrevocable upon filing or at such other time as may be specified by the Administrator.  The latest election filed with the Administrator shall be deemed to supersede all prior inconsistent elections that remain revocable at the time of filing of the latest election. |
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|   | (iii) | Matters To Be Elected.  The Administrator will provide a form or forms of election which will permit a director to make appropriate elections with respect to all relevant matters under this Section 6.  This election form may be included in the document evidencing the grant of RSUs. |
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|   | (iv) | Permitted Elections as to Settlement.  Elections as to the time of settlement of deferred RSUs shall conform to the terms of Section 9(c).  A Director will be permitted to elect to receive shares in settlement of non-deferred Cash-Settled RSUs rather than cash.  Such an election must be made in advance of the applicablevesting date of such Cash-Settled RSUs and at such time or times as may be specified by the Administrator.  Such an election will not be permitted to defer the time of settlement of the RSUs, and cannot be made for Cash-Setted RSUs that are subject to a valid deferral election. |
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|   | (v) | Forfeiture Risk.  A validly deferred RSU will remain forfeitable as provided herein until the RSU has become vested.  Thereafter, although it will still be referred to as an RSU for purposes of the Plan, it will be non-forfeitable. |
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|   | (vi) | Form of Settlement.  RSUs that are validly deferred will, upon such deferral, be treated as Deferred Shares and, to the fullest extent permitted under Nasdaq Marketplace Rule 4350(i)(1)(A)(ii), such Deferred Shares will be settled solely by delivery of actual Shares not drawn from the Shares reserved under Section 4, provided that Cash-SettledRSUs, if designated as Director Compensation by the Administrator, may be deferred in accordance with Section 8.  In the case of Cash-Settled RSUs to be settled by delivery of actual Shares at the election of the Director, to the fullest extent permitted under Nasdaq Marketplace Rule 4350(i)(1)(A)(ii), such Cash-Settled RSUs shall be settled solely by delivery of actual Shares not drawn from the Shares reserved under Section 4. |
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|   | (i) | Award Type and Amount.  Effective June 21, 2007, annual grants of Options to non-employee directors were discontinued. |
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|   | (ii) | Vesting and Forfeiture Terms.  With respect to each Option granted before June 21, 2007 under this Section 7(a), the Option shall vest and become exercisable in full at the close of business on the June 1 following the date of grant of such award, subject to the following: |
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|   | (A) | If such Option has not previously vested or been forfeited, it shall vest and become exercisable in full upon a Change in Control, upon the Participant's death, or upon the termination of the Participant's service as a director due to Disability. |
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|   | (B) | If such Option has not previously vested or been forfeited, it shall vest and become exercisable as to the "Pro Rata Shares" upon a termination of the Participant's service as a director due to a voluntary termination of service (i.e., excluding termination due to Disability or Mandatory Retirement).  For purposes of this Section 7(a)(ii), the "Pro Rata Shares" shall be the number of Shares determined bymultiplying (1) the number of Shares as to which the Option would have vested and become exercisable if the Participant had continued to serve as a director through the anticipated date of the next annual meeting of shareholders by (2) a fraction the numerator of which is the number of days from the date of the latest annual meeting of shareholders through the date of the Participant's termination and the denominator of which is 365 (rounded up to the next whole share). |
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|   | (C) | Any portion of an Option that has not vested and become exercisable at the date of a director's Mandatory Retirement shall remain outstanding and become exercisable in accordance with the first sentence of this Section 7(a)(ii), provided that such Option shall become exercisable in full upon a Change in Control or the death of the director, and each such portion of the Option that becomes exercisable after such MandatoryRetirement shall expire at the end of the one-year period following the date it becomes exercisable as provided in Section 7(a)(iii). |
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|   | (iii) | Option Term.  With respect to each Option granted before June 21, 2007 under this Section 7(a), the Option, to the extent not previously forfeited, shall expire at the earlier of (i) ten years after the date of grant (or such earlier date as may be specified by the Board prior to grant), or (ii) one year after the Participant ceases to serveas a director of the Company for any reason except that, in the case of a termination due to Mandatory Retirement, any portion of the Option that becomes exercisable at a date following the Mandatory Retirement, as provided in Section 7(a)(ii)(C), shall expire one year after the date such portion vests and becomes exercisable.  (Note: Portions of any Option that were vested and exercisable at the date of Mandatory Retirement will expire one year after such Mandatory Retirement, but in no event laterthan ten years after the date of grant). |
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|   | (i) | Timing of Elections. A deferral election must generally be made by the end of the calendar year prior to the Plan Year in which the Director Compensation will be earned.  However, a newly eligible Participant (within the meaning of Treas. Reg. § 1.409A-2(a)(7)) may make a deferral election with respect to Director's initial Director Compensation(earned after the date of such election) within 30 days of election or appointment to the Board, or at such other time as is permitted under Section 409A of the Code. |
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|   | (ii) | Effect and Irrevocability of Elections.  Elections shall be deemed continuing and therefore applicable to Plan Years after the initial Plan Year covered by the election, until the election is modified or superseded by the Participant.  Elections other than those subject to Section 9(c) shall become irrevocable at the commencementof the calendar year which includes the first day of the Plan Year to which an election relates.  Elections relating to the time and manner of settlement of an Account shall become irrevocable at the specified deadline for the filing of such elections under Section 9(c) unless the Administrator specifies a different time.  The latest election filed with the Administrator shall be deemed to supersede all prior inconsistent elections that remain revocable at the time of filing of the latestelection prior to the beginning of a Plan Year or at such other date as may be specified by the Administrator, provided that any date so specified shall ensure effective deferral of taxation and otherwise comply with applicable laws. |
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|   | (iii) | Matters To Be Elected.  The Administrator will provide a form or forms of election which will permit a director to make appropriate elections with respect to all relevant matters under this Section 8 and Section 9. |
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|   | (iv) | Time of Filing Elections.  An election must be received by the Administrator prior to the deadline specified by the Administrator.  Under no circumstances may a Participant defer compensation to which the Participant has attained, at the time of deferral, a legally enforceable right to current receipt of such compensation. |
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|   | (i) | Cash and Non-Share Dividends.  If the Company declares and pays a dividend on Shares in the form of cash or property other than Shares, then a number of additional Share Units shall be credited to a Participant's Account as of the designated crediting date for such dividend equal to (i) the number of Share Units credited to the Account asof the record date for such dividend, multiplied by (ii) the amount of cash plus the Fair Market Value of any property other than Shares actually paid as a dividend on each Share at such payment date, divided by (iii) the Fair Market Value of a Share at such designated crediting date. |
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|   | (ii) | Share Dividends and Splits.  If the Company declares and pays a dividend on Shares in the form of additional Shares, or there occurs a forward split of Shares, then a number of additional Share Units shall be credited to the Participant's Account as of the payment date for such dividend or forward Share split equal to (i) the number of ShareUnits credited to the Account as of the record date for such dividend or split multiplied by (ii) the number of additional Shares actually paid as a dividend or issued in such split in respect of each Share. |
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|   | (iii) | Designated Crediting Date.  The Administrator may designate the crediting date for dividend equivalents under Section 9(a)(i), which may be not earlier than the dividend payment date and not later than six months after the dividend payment date.  No interest will be credited on cash amounts between the dividend payment date and thedesignated crediting date. |
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|   | (i) | Matters Covered by Election.  Subject to the terms of the Plan, the Administrator shall determine whether all deferrals under the Plan must be subject to a single election as to the time or times of settlement, or whether settlement elections may relate to deferrals relating to a specified Plan Year.  If the Administrator permitselections to relate to a specified Plan Year, such election shall apply to the amounts originally credited in respect of such Plan Year and to any additional amounts credited as dividend equivalents or interest in respect of such originally credited amounts and previously credited additional amounts. |
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|   | (ii) | Modifying Elections.  A Participant may modify a prior election as to the time at which a Participant's Account (or portion thereof) will be settled and/or the form of settlement (i.e., lump sum or installments, or the number of installments) at any time by filing a new election with the Administrator, subject to, and in accordance with paragraphs(A) and (B), below.  The foregoing notwithstanding, elections under this Section 9(c) shall not be permitted, if permitting such an election would result in constructive receipt by the Participant of compensation in respect of the Participant's Account prior to the actual settlement of such Account or would violate Section 409A of the Code. |
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|   | (A) | Second Elections.  To the extent permitted under Section 409A of the Code and the regulations issued thereunder, a Participant may change the form of settlement (i.e., lump sum or installments, or the number of installments) and/or the settlement date selected under a deferral election,provided (a) the new election must be must be filed with the Administrator at least 12 full months before settlement would occur under the election in place prior to the change, (b) the new election is not effective for a period of 12 months from the date made, and (c) the settlement date under the modified election defers settlement for at least 5 years from the date settlement would otherwise have occur. |
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|   | (B) | Special 2006 – 2008 Elections.  Notwithstanding anything in Section 6, Section 8 or this Section 9 to the contrary, to the extent permitted under Section 409A of the Code and the regulations issued thereunder, a Participant may make a new election on or before December 31, 2008 as to the settlement date and/or form (i.e., lump sum orinstallments, or the number of installments) of deferred RSUs, deferred cash and/or Deferred Shares credited to the Participant's Account.  However a Participant shall not be permitted in a given year to change an election in a manner that will defer settlement of amounts that the Participant otherwise would have received in that year or cause payments to be made in that year pursuant to the changed election. |
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|   | (i) | any Person, other than the Company or a Related Party, acquires directly or indirectly the Beneficial Ownership of any Voting Security of the Company and immediately after such acquisition such Person has, directly or indirectly, the Beneficial Ownership of Voting Securities representing 20 percent or more of the total voting power of all the then-outstanding Voting Securities; or |
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|   | (ii) | those individuals who as of June 21, 2007 constitute the Board or who thereafter are elected to the Board and whose election, or nomination for election, to the Board was approved by a vote of at least two-thirds (2/3) of the directors then still in office who either were directors as of June 21, 2007 or whose election or nomination for election was previously so approved, cease for any reason to constitute a majorityof the members of the Board; or |
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|   | (iii) | there is consummated a merger, consolidation, recapitalization or reorganization of the Company, a reverse stock split of outstanding Voting Securities, or an acquisition of securities or assets by the Company (a "Transaction"), other than a Transaction which would result in the holders of Voting Securities having at least 80 percent of the total voting power represented by the Voting Securities outstanding immediatelyprior thereto continuing to hold Voting Securities or voting securities of the surviving entity having at least 60 percent of the total voting power represented by the Voting Securities or the voting securities of such surviving entity outstanding immediately after such Transaction and in or as a result of which the voting rights of each Voting Security relative to the voting rights of all other Voting Securities are not altered; or |
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|   | (iv) | there is implemented or consummated a plan of complete liquidation of the Company or a sale or disposition by the Company of all or substantially all of the Company's assets other than any such transaction which would result in Related Parties owning or acquiring more than 50 percent of the assets owned by the Company immediately prior to the transaction. |
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