**EXHIBIT
        10.17**


**NEXTWAVE
      WIRELESS, INC.**




**2007
      New Employee Stock Incentive Plan**




SECTION
      1.   Purpose
      of the Plan .




The
      NextWave Wireless, Inc. 2007 New Employee Stock Incentive Plan (the “Plan”) is
      intended to promote the interests of NextWave Wireless Inc., a Delaware
      corporation (the “Company”), and
      its
      stockholders by enabling the Company and its subsidiaries and affiliates to
      foster and promote the interests of the Company by attracting new employees,
      and
      non-employee directors to the Company who will contribute to the Company’s
      success by their ability, ingenuity and industry, to enable such employees
      to
      acquire equity interests in the Company and to provide a means whereby they
      may
      develop a sense of proprietorship and personal involvement in the development
      and financial success of the Company, and to encourage them to remain with
      and
      devote their best efforts to the business of the Company thereby advancing
      the
      interests of the Company and its stockholders. The
      Plan
      provides for payment of various forms of incentive compensation and accordingly
      is not intended
      to be a plan that is subject to the Employee Retirement Income Security Act
      of
      1974, as amended,
      and shall be administered accordingly.




SECTION
      2.   Definitions .




As
      used
      in the Plan, the following terms shall have the meanings set forth
      below:




“Affiliate”
      shall mean, with respect to any Person, any other Person that directly or
      indirectly through one or more intermediaries controls, is controlled by or
      is
      under common control with, the Person in question. As used herein, the term
      “control” means the possession, direct
      or
      indirect, of the power to direct or cause the direction of the management and
      policies of a
      Person, whether through ownership of voting securities, by contract or
      otherwise.




“Award”
      shall mean any Option, Restricted Share, Phantom Share, Bonus Shares 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.




“Bonus
      Shares” shall mean an award of Shares granted pursuant to Section 6(d) of the
      Plan.




“Change
      in Control” shall mean the occurrence of any one of the following
      events:









|(a) | any
              “person” (as defined in Section 3(a)(9) of the Exchange Act, and as
              modified in Section 13(d) and 14(d) of the Exchange Act) other than
              (A)
              the Company or any of its subsidiaries, (B) any employee benefit plan
              of
              the Company or any ofits
              subsidiaries, (C) any Affiliate, (D) a company owned, directly or
              indirectly, bythe
              stockholders of the Company in substantially the same proportions as
              their
              ownershipof
              the Company, or (E) an underwriter temporarily holding securities pursuant
              to an offering of such securities (a “Person”), becomes the “beneficial
              owner” (asdefined
              in Rule 13d-3 of the Exchange Act), directly or indirectly, of securities
              ofthe Company representing more than 50% of the combined voting securities
              of the Company then outstanding;
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|(b) | the
              consummation of any merger, organization, business combination or
              consolidation of the Company or one of its subsidiaries with or into
              any
              otherentity
              or organization;provided,however,that a merger, reorganization, businesscombination or consolidation which would result in the holders of the
              voting securities of the Company outstanding immediately prior thereto
              holding securities which represent immediately after such merger,
              reorganization, business combination or consolidation more than 50%
              of the
              combined voting power of the voting securities of the Company or the
              surviving company or theparent
              of such surviving company shall not be covered by this subparagraph
              (b);
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|(c) | the
              consummation of a sale, lease, transfer, conveyance or other disposition
              (including by merger or consolidation) by the Company in one or a series
              ofrelated
              transactions, of all or substantially all of the Company’s assets, other
              thanany such transaction if the holders of the voting securities of the
              Company outstanding immediately prior thereto hold securities immediately
              thereafter which represent more than 50% of the combined voting power
              of
              the voting securities of the acquiror, or parent of the acquiror, of
              such
              assets;
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|(d) | the
              Board of Directors of the Company approves a plan of complete liquidation
              or dissolution of the Company, except in connection with a transaction
              described in the proviso to subparagraph (b);
              or
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|(e) | individuals
              who, as of the Effective Date, constitute the Board (the “Incumbent
              Board”) cease during a 12 month period for any reason to constitute at
              least a majority of the Board; provided, however, that any individual
              becoming a Director subsequent to the Effective Date whose election
              by the
              Board, was approved by a vote of at least a majority of the Directors
              then
              comprising the Incumbent Board shall be considered as though such
              individual were a Director of the Incumbent Board, but excluding, for
              this
              purpose, any such individual whose initial assumption of office occurs
              as
              a result of either (i) an actual or threatened election contest (as
              such
              terms are used in Rule 14A-11 of Regulation 14A promulgated under theExchange
              Act) with respect to the election or removal of Directors or an actual
              orthreatened solicitation of proxies or consents by or on behalf of a
              Person
              otherthan
              the Board or (ii) a plan or agreement to replace a majority of the
              Directors ofthe Board then comprising the Incumbent
              Board.
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Solely
      with respect to any Award that is subject to Section 409A of the Code, this
      definition is intended
      to comply with the definition of change in control under Section 409A of the
      Code and,
      to
      the extent that the above definition does not so comply, such definition shall
      be void and of no effect and, to the extent required to ensure that this
      definition complies with the requirements of Section 409A of the Code, the
      definition of such
      term
      set forth in regulations or other regulatory guidance issued under Section
      409A
      of the Code by
      the appropriate governmental authority is hereby incorporated by reference
      into
      and shall
      form part of this Plan as fully as if set forth herein verbatim and the Plan
      shall be operated  in
      accordance with the above definition of Change in Control as modified to the
      extent necessary  to
      ensure
      that the above definition complies with the definition prescribed in such
      regulations or other
      regulatory guidance insofar as the definition relates to any Award that is
      subject to Section 409A of the Code.




-2-




“Code”
      shall mean the Internal Revenue Code of 1986, as amended from time to time,
      and
      the rules and regulations thereunder.




“Committee”
      shall mean the compensation committee of the Board or a subset thereof that
      is
      comprised solely of Independent Directors.




“Company”
      shall mean NextWave Wireless, Inc. or any
      successor thereto that assumes and continues the Plan.




“Director”
      shall mean a member of the Board who is not an Employee.




“Effective
      Date” means the date that the Plan is adopted by the Board.




“Employee”
      shall mean any employee of the Company or an Affiliate.




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




“Fair
      Market Value” shall mean, with respect to Shares, the closing sales price on any
      national securities exchange of a Share as of the trading day immediately prior
      to the date of determination, or if the Shares are not listed on a national
      securities exchange, the average of the closing bid and closing ask prices
      quoted in the Over-The-Counter Market Summary immediately prior to the date
      of
      determination (or if there is no trading in the Shares on such date, the next
      preceding date on which there was trading) as reported in The Wall Street
      Journal (or other reporting service approved by the Committee), unless a
      different measure of Fair Market Value is determined by the Committee. In the
      event the Shares are not publicly traded at the time a determination of its
      fair
      market value is required to be made hereunder, the determination of fair market
      value shall be made in good faith by the Committee upon the reasonable
      application of a reasonable valuation methodology.




“Independent
      Director” shall mean an Independent Director as defined by NASDAQ Rule
      4200(a)(15).




“Liquidity
      Event” shall mean a Change in Control.




“Option”
      shall mean an option granted under Section 6(a) of the Plan. Options granted
      under the Plan may constitute nonqualified stock options, but shall not
      constitute “incentive options” for purposes of Section 422 of the
      Code.




3




“Other
      Stock-Based Award” shall mean an award granted pursuant to Section 6(f) of the
      Plan that is not otherwise specifically provided for, the value of which is
      based in whole or in part upon the value of a Share.




“Participant”
      shall mean any Employee or Director granted an Award under the
      Plan.




“Performance
      Objectives” means the objectives, if any, established by the Committee that
      are
      to be achieved with respect to an Award granted under this Plan, which may
      be
      described  in
      terms
      of Company-wide objectives, in terms of objectives that are related to
      performance of a division, subsidiary, department or function within the Company or an Affiliate
      in which the Participant receiving the Award is employed or in individual or
      other terms, and which will relate to the period of time determined by the
      Committee. Which objectives to use with respect to
      an
      Award, the weighting of the objectives if more than one is used, and whether
      the
      objective is to be
      measured against a Company-established budget or target, an index or a peer
      group of companies, shall be determined by the Committee in its discretion
      at
      the time of grant of the Award.
      A
      Performance Objective need not be based on an increase or a positive result
      and
      may include,
      for example, maintaining the status quo or limiting economic
      losses.




“Person”
      shall mean an individual or a corporation, limited liability company, partnership,
      association, joint-stock company, trust, unincorporated organization, government
      or political subdivision thereof or other entity.




“Phantom
      Share” shall mean an Award of the right to receive Shares issued at the end of a
      Restricted Period which is granted pursuant to Section 6(e) of the
      Plan.




“Plan”
      means the plan described in Section 1 of the Plan and set forth in this
      document, as
      amended from time to time.




“Restricted
      Period” shall mean any period established by the Committee with respect to an
      Award during which the Award remains subject to forfeiture, is not exercisable
      by the Participant, and/or remains subject to the occurrence of a Liquidity
      Event.




“Restricted
      Share” shall mean any Share, prior to the lapse of restrictions thereon, granted
      under Sections 6(b) of the Plan.




“SEC”
      shall mean the Securities and Exchange Commission, or any successor
      thereto.




“Shares”
      shall mean shares of common stock of the Company, and such other securities
      or
      property as may become the subject of Awards under the Plan or into which Shares
      may be converted.




SECTION
      3.   Administration .




The
      Plan
      shall be administered by the Committee. A majority of the Committee shall
      constitute a quorum, and the acts of the members of the Committee who are
      present at any meeting thereof at which a quorum is present, or acts unanimously
      approved by the members of the Committee in writing, shall be the acts of the
      Committee. No member of the Committee shall
      vote or act upon any matter relating solely to himself. Grants of Awards to
      members of the Committee must be ratified by the Board.




4




Subject
      to the terms of the Plan and applicable law, and in addition to other express
      powers and authorizations conferred on the Committee by the Plan, the Committee
      shall have full
      power and authority to: (i) designate Participants; (ii) determine the type
      or
      types of Awards to be
      granted to a Participant; (iii) determine the number of Shares to be covered
      by,
      or with respect to which payments, rights, or other matters are to be calculated
      in connection with, Awards; (iv) determine the terms and conditions of any
      Award; (v) determine whether, to what extent, and under what circumstances
      Awards may be settled or exercised in cash, Shares, other securities,
      other Awards or other property, or canceled, forfeited, or suspended and the
      method or methods
      by which Awards may be settled, exercised, canceled, forfeited, or suspended;
      (vi) determine whether, to what extent, and under what circumstances cash,
      Shares, other securities, other Awards, other property, and other amounts
      payable with respect to an Award shall
      be
      deferred either automatically or at the election of the holder thereof or of
      the
      Committee; (vii) interpret
      and administer the Plan and any instrument or agreement relating to an Award
      made under the Plan; (viii) establish, amend, suspend, or waive such rules
      and
      regulations and appoint such agents as it shall deem appropriate for the proper
      administration of the Plan; and (ix)
      make
      any other determination and take any other action that the Committee deems
      necessary or
      desirable for the administration of the Plan.




Unless
      otherwise expressly provided in the Plan, all designations, determinations,
      interpretations, and other decisions under or with respect to the Plan or any
      Award shall be within the sole discretion of the Committee, may be made at
      any
      time and shall be final, conclusive,
      and binding upon all Persons, including the Company, any Affiliate, any
      Participant, any
      holder or beneficiary of any Award, any stockholder of the Company and any
      Employee or Director. No Director or member of the Committee shall be liable
      for
      any action or
      determination made in good faith with respect to the Plan or any Award granted
      hereunder and the
      Directors and the members of the Committee shall be entitled to indemnification
      and reimbursement by the Company and its Affiliates in respect of any claim,
      loss, damage or expense (including legal fees) arising therefrom to the full
      extent permitted by law.




SECTION
      4.   Shares
      Available for Awards .




|(a) | Shares
              Available.
              Subject to adjustment as provided in Section 4(c), the number of Shares
              with respect to which Awards may be granted under the Plan shall be
              2,500,000. In the event that any outstanding Award expires, is cancelled
              or otherwise terminated, any rights to acquire Shares allocable to
              the
              unexercised or unvested portion of such Award shall again be available
              for
              the purposes of thePlan.
              In the event that Shares issued under the Plan are reacquired by the
              Companypursuant to any forfeiture provision, such Shares shall again be available
              for thepurposes
              of the Plan. In the event a Participant pays for any Award through
              the
              delivery of previously acquired Shares, the number of Shares available
              shall be increased by the number of Shares delivered by the
              Participant.
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5




|(b) | Sources
              of Shares Deliverable Under Awards.
              Any Shares delivered pursuant to an Award may only be authorized and
              unissued Shares and, unless permitted under Delaware law, may not be
              treasury Shares. No fractional Shares shall be issued under the Plan;
              payment for any fractional Shares shall be made in
              cash.
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|(c) | Adjustments*.*In
              the event that the Committee determines that any distribution (whether
              in
              the form of cash, Shares, other securities, or other property),
              recapitalization, stock split, reverse stock split, reorganization,
              merger,consolidation,
              split-up, spin-off, combination, repurchase, or exchange of Shares
              orother
              securities of the Company, issuance of warrants or other rights to
              purchaseShares or other securities of the Company, or other similar transaction
              or
              event affects the Shares such that an adjustment is determined by the
              Committee to be appropriate in order to prevent dilution or enlargement
              of
              the benefits or potentialbenefits
              intended to be made available under the Plan, then the Committee
              shall,in
              such manner as it may deem equitable, adjust any or all of (i) the
              number
              andtype
              of Shares (or other securities or property) with respect to which Awards
              maybe
              granted, (ii) the number and type of Shares (or other securities or
              property)subject
              to outstanding Awards, and (iii) the grant or exercise price with respect
              toany Award or, if deemed appropriate, make provision for a cash payment
              to
              theholder
              of an outstanding Award;provided,however,the Committee shall not takeany action otherwise authorized under this subparagraph (c) to the
              extent
              that(i)
              such action would cause (A) the application of Section 409A of
              theCode
              to the Award or (B) create adverse tax consequences under Section 409Aof
              the Code should either or both of those Code sections apply to theAward
              or (ii) except as permitted in Section 7(c), materially reduce the
              benefit
              tothe Participant without the consent of the
              Participant.
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SECTION
      5.   Eligibility .




Awards
      may be granted to any person who was not previously an employee or director
      of
      the Company or an Affiliate, or following a bona fide period of non-employment
      or non-service, as an inducement to the individual’s entering into employment
      with the Company or an Affiliate or as a non-employee director of the Company
      or
      an Affiliate, including grants of Awards to new employees and new directors
      in
      connection with a merger or acquisition.




SECTION
      6.   Awards .




|(a) | Options.
              Subject to the provisions of the Plan, the Committee shall have the
              authority to determine the Participants to whom Options shall be granted,
              thenumber
              of Shares to be covered by each Option, the purchase price therefor
              and
              theconditions and limitations applicable to the exercise of the Option,
              including the following terms and conditions and such additional terms
              and
              conditions (including Performance Objectives), as the Committee shall
              determine, that are not inconsistent with the provisions of the
              Plan.
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|(i) | Exercise
              Price.
              The purchase price per Share purchasable under an Option shall be
              determined by the Committee at the time the Option is granted,but
              shall not be less than 100% of the Fair Market Value per Share as of
              the
              date of determination.
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6




|(ii) | Time
              and Method of Exercise.
              The Committee shall determine the time ortimes
              at which an Option may be exercised in whole or in part (which
              mayinclude the achievement of one or more Performance Objectives), and
              the
              method or methods by which, and the form or forms (which may include,
              without limitation, cash, check acceptable to the Company, Shares already
              owned for more than six months, outstanding Awards, other securities
              orother
              property, or any combination thereof, having a Fair Market Value
              onthe exercise date equal to the relevant exercise price) in which payment
              of the exercise price with respect thereto may be
              made.
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|(iii) | Option
              Repricing.
              Options under this Plan may not be repriced. However, theCommittee
              may, in its absolute discretion, grant to holders of
              outstandingOptions, in exchange for the surrender and cancellation of such Options,
              options granted under a shareholder approved plan of the Company in
              accordance with the terms thereof, which have exercise prices lower
              (or
              higher with any required consent) than the exercise price provided
              in the
              Options so surrendered and canceled and containing such other terms
              and
              conditions as the Committee may deem
              appropriate.
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|(b) | Restricted
              Shares.
              Subject to the provisions of the Plan, the Committee shall have the
              authority to determine the Participants to whom Restricted Shares shall
              begranted,
              the number of Restricted Shares to be granted to each such Participant,
              theduration of the Restricted Period during which, and the conditions,
              includingPerformance
              Objectives, if any, under which if not achieved, the Restricted
              Sharesmay be forfeited to the Company, and the other terms and conditions
              of
              such Awards. Unless subject to the achievement of Performance Objectives
              or aspecial
              determination is made by the Committee as to a shorter Restricted
              Period,the Restricted Period shall not be less than three
              years.
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|(i) | Share
              Distribution Right (“SDR”).
              To the extent provided by the Committee, in its discretion, a grant
              of
              Restricted Shares may provide that distributions made by the Company
              with
              respect to the Restricted Shares shall be subject to the same forfeiture
              and other restrictions as theRestricted
              Share and, if restricted, such distributions shall be held,
              withoutinterest,
              until the Restricted Share vests or is forfeited with the SDR
              beingpaid or forfeited at the same time, as the case may be. Absent such
              a
              restriction on the SDRs in the Award Agreement, SDRs shall be paid
              to the
              holder of the Restricted Share without
              restriction.
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|(ii) | Registration.
              Any Restricted Share may be evidenced in such manner as the Committee
              shall deem appropriate, including, without limitation, book-entry
              registration or issuance of a Share certificate or certificates. In
              the
              event any Share certificate is issued in respect of Restricted Sharegranted
              under the Plan, such certificate shall be registered in the name of
              the
              Participant and shall bear an appropriate legend referring to the terms,
              conditions, and restrictions applicable to such Restricted
              Share.
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7




|(iii) | Forfeiture
              and Restrictions Lapse.
              Except as otherwise determined by the Committee or the terms of the
              Award
              that granted the Restricted Share, upon termination of a Participant’s
              employment (as determined under criteria established by the Committee)
              for
              any reason during the applicable Restricted Period, all Restricted
              Shares
              shall be forfeited by the Participant and reacquired by the Company.
              Unrestricted Shares, evidenced in such manner as the Committee shall
              deem
              appropriate, shall be issued to the holder of Restricted Shares promptly
              after the applicable restrictions have lapsed or otherwise been
              satisfied.
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|(iv) | Transfer
              Restrictions.
              During the Restricted Period, Restricted Shares will be subject to
              the
              limitations on transfer as provided in Section
              6(g)(iii).
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|(c) | Bonus
              Shares.
              The Committee shall have the authority, in its discretion, to grant
              Bonus
              Shares to Participants. Each Bonus Share shall constitute a transfer
              of anunrestricted
              Share to the Participant, without other payment therefor, as
              additionalcompensation
              for the Participant’s services to the Company. Bonus Shares shall
              bein
              lieu of a cash bonus that otherwise would be
              granted.
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|(d) | Phantom
              Shares.
              The Committee shall have the authority to grant Awards of Phantom Shares
              to Participants upon such terms and conditions as the Committee may
              determine; provided, however, any such Award shall contain terms thatare
              designed to avoid application of Section 409A of the Code to the Award
              or
              are designed to avoid adverse tax consequences under Section 409A of
              the
              Code should that Code section apply to the Award. Phantom Shares that
              are
              vested on the date of grant shall be in lieu of a cash bonus that
              otherwise would have been granted.
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|(i) | Terms
              and Conditions.
              Each Phantom Share Award shall constitute an agreement by the Company
              to
              issue or transfer a specified number of Shares or pay an amount of
              cash
              equal to the Fair Market Value of a specified number of Shares, or
              a
              combination thereof to the Participant in the future, subject to the
              fulfillment during the Restricted Period or other period set by the
              Committee of such conditions, including Performance Objectives, if
              any, as
              the Committee may specify at the date of grant. During the Restricted
              Period, the Participant shall not have any rights of ownership in the
              Phantom Shares and shall not have any right to vote such
              Shares.
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|(ii) | Distributions.
              Any Phantom Shares Award may provide that an amount equal to any
              distributions made by the Company with respect to Shares during the
              Restricted Period be credited in a cash bookkeeping account(without
              interest) or that equivalent additional Phantom Shares be awarded,
              which
              account or Shares may be subject to the same restrictions as the
              underlying Award or such other restrictions as the Committee may
              determine. Notwithstanding any other provision of the Plan to the
              contrary, any award of distributions on Shares (described in the
              immediately preceding sentence) shall contain terms that (i) are designed
              to avoid application of Section 409A of the Code to the Award or (ii)
              are
              designed to avoid adverse tax consequences under Section 409A should
              that
              Code section apply.
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8




|(e) | Other
              Stock-Based Awards.
              The Committee may also grant to Participants an Other Stock-Based Award,
              which shall consist of a right which is an Award denominated or payable
              in, valued in whole or in part by reference to, or otherwise based
              on or
              related to, Shares as is deemed by the Committee to be consistent with
              the
              purposes of the Plan. Subject to the terms of the Plan, including the
              Performance Objectives, if any, applicable to such Award, the Committee
              shall determine the terms and conditions of any such Other Stock-Based
              Award. Notwithstanding any other provision of the Plan to the contrary,
              any Other Stock-Based Award granted under the Plan shall contain terms
              that (i) are designed to avoid application of Section 409A of the Code
              or
              (ii) aredesigned
              to avoid adverse tax consequences under Section 409A shouldthat
              Codesection apply to such Award.
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|(f) | General
              Provisions Applicable to all Awards.
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|(i) | Awards
              May Be Granted Separately or Together.
              Awards may, in the discretion of the Committee, be granted either alone
              or
              in addition to, in tandem with, or in substitution for any other Award
              granted under the Plan or any award granted under any other plan of
              the
              Company or any Affiliate. No Award shall be issued in tandem with another
              Award if the tandem awards would result in adverse tax consequences
              under
              Section 409A of the Code. Awards granted in addition to or in tandem
              with
              other Awards or awards granted under any other plan of the Company
              or any
              Affiliate may be granted either at the same time as or at a different
              time
              from the grant of such other Awards or
              awards.
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|(ii) | Forms
              of Payment by Company Under Awards.
              Subject to the terms of the Plan and of any applicable Award Agreement,
              payments or transfers to be made by the Company or an Affiliate upon
              the
              grant, exercise or payment of an Award may be made in such form or
              forms
              as the Committee shall determine, including, without limitation, cash,
              Shares, other securities, other Awards or other property, or any
              combination thereof, and may be made in a single payment or transfer,
              in
              installments, or on a deferred basis, in each case in accordance with
              rules and procedures established by the Committee. Such rules and
              procedures may include, without limitation, provisions for the payment
              or
              crediting of reasonable interest on installment or deferred
              payments.
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|(iii) | Limits
              on Transfer of Awards.
|----- | -------------------------------------------



|(A) | Except
              as provided in (C) below, each Award, and each right under any Award,
              shall be exercisable only by the Participant during the Participant’s
              lifetime, or by the person to whom the Participant’s rights shall pass by
              will or the laws of descent and distribution. Notwithstanding anything
              in
              the Plan to the contrary, an Award of Options shall be transferable
              pursuant to a domestic relations order.
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9




|(B) | Except
              as provided in (C) below, no Award and no right under any such Award
              may
              be assigned, alienated, pledged, attached, sold or otherwise transferred
              or encumbered by a Participant and any such purported assignment,
              alienation, pledge, attachment, sale, transfer or encumbrance shall
              be
              void and unenforceable against the Company or any
              Affiliate.
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|(C) | Notwithstanding
              anything in the Plan to the contrary, to the extent specifically provided
              by the Committee with respect to a grant, an Award of Options may be
              transferred to immediate family members or related family trusts, or
              similar entities on such terms and conditions as the Committee may
              establish.
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|(iv) | Term
              of Awards.
              The term of each Award shall be for such period as maybe
              determinedby
              theCommittee;provided,that
              in no event shall the termof
              any Award exceed a period of 10 years from the date of its
              grant.
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|(v) | Stock
              Certificates.
              All certificates for Shares or other securities of theCompany
              or any Affiliate delivered under the Plan pursuant to any
              Awardor
              the exercise thereof shall be subject to such stop transfer orders
              andother
              restrictions as the Committee may deem advisable under the Plan
              orthe rules, regulations, and other requirements of the SEC, any stock
              exchange upon which such Shares or other securities are then listed,
              and
              any applicable federal or state laws, and the Committee may cause a
              legend
              or legends to be put on any such certificates to make appropriate
              reference to such restrictions.
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(vi) | Delivery
              of Shares or other Securities and Payment by Participant of
              Consideration.
              No Shares or other securities shall be delivered pursuant to any Award
              until payment in full of any amount required to be paid pursuant to
              the
              Plan or the applicable Award Agreement (including, without limitation,
              any
              exercise price, tax payment or tax withholding pursuant to Section
              9(b) of
              the Plan) is received by the Company. Such payment may be made by such
              method or methods and in such form or forms as the Committee shall
              determine, including, without limitation, cash, reduction of a current
              payment of compensation with the consent of the Participant, Shares,
              other
              securities, other Awards or other property,withholding
              of Shares, cashless exercise with simultaneous sale, or any combination
              thereof; provided that the combined value, as determined bythe
              Committee, of all cash and cash equivalents and the Fair Market
              Valueof
              any such Shares or other property so tendered to the Company, as of
              thedate
              of such tender, is at least equal to the full amount required to be
              paidpursuant
              to the Plan or the applicable Award Agreement to the
              Company.
|---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



10




|(vii) | Awards
              to Non-U.S. Employees.
              To comply with the laws in other countries in which the Company or
              any of
              its Affiliates operates or has Employees or Directors,the
              Committee, in its sole discretion, shall have the power and authority
              to
|----- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(A) | Determine
              which Affiliates shall be covered by the
              Plan;
|--- | ------------------------------------------------------------------------------------



|(B) | Determine
              which Employees and Directors outside the United States are eligible
              to
              participate in the Plan;
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------



|(C) | Modify
              the terms and conditions of any Award granted to Employees and Directors
              outside the United States to comply with applicable foreign
              laws;
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(D) | Establish
              sub-plans and modify exercise procedures and other terms and procedures,
              to the extent such actions may be necessary or advisable. Any sub-plans
              and modifications to Plan terms and procedures established under this
              Section 6(f)(vii) by the Committee shall be attached to this Plan document
              as appendices; and
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(E) | Take
              any action, before or after an Award is made, that it deems advisable
              to
              obtain approval or comply with any necessary local government regulatory
              exemptions or approvals.
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(viii) | Compliance
              with 409A.
              Notwithstanding any other provision of the Plan to the contrary, any
              Award
              granted under the Plan shall contain terms that (i) are designed to
              avoid
              application of Section 409A of the Code to the Award or (ii) are designed
              to avoid adverse tax consequences under Section 409A of the Code should
              that Code Section apply to the Award.
|------ | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



SECTION
      7.   Amendment
      and Termination .




Except
      to
      the extent prohibited by applicable law and unless otherwise expressly provided
      in an Award Agreement or in the Plan:




|(a) | Amendments
              to the Plan.
              The Committee may amend, alter, suspend, discontinue, or terminate
              the
              Plan without the consent of any Shareholder, Participant, other holder
              or
              beneficiary of an Award, or other Person; provided, however, no such
              amendment may be made without Shareholder approval to the extent that
              such
              approval is required by (i) applicable legal requirements or (ii) the
              requirements of any securities exchange or market on which the Shares
              are
              listed.
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(b) | Amendments
              to Awards.
              The Committee may waive any conditions or rights under, amend any terms
              of, or alter any Award theretofore granted, provided no change in any
              Award (i) shall (A) cause the application of Section 409A of the Code
              to
              the Award or (B) create adverse tax consequences underSection
              409A of the Code should either or both of those Code sectionsapply to the Award or (ii) except as provided in Section 7(c), shall
              materially reduce the benefit to Participant without the consent of
              such
              Participant.
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



11




|(c) | Adjustment
              of Awards Upon the Occurrence of Certain Unusual or Nonrecurring
              Events.
              Except as provided in Section 7(b), the Committee will authorize
              adjustments in the terms and conditions of, and the criteria included
              in,
              Awards in recognition of unusual or nonrecurring events (including,
              without limitation, the events described in Section 4(c) of the Plan)
              affecting the Company, any Affiliate, or the financial statements of
              the
              Company or anyAffiliate,
              or of changes in applicable laws, regulations, or accounting
              principles,whenever the Committee determines that such adjustments are appropriate
              inorder
              to prevent dilution or enlargement of the benefits or potential benefitsintended
              to be made available under the Plan.
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



SECTION
      8.   Adjustments
      Upon Changes in Shares/Change in Control .




|(a) | If
              any change is made in the Shares subject to the Plan, or subject to
              any
              Award, without the receipt of consideration by the Company through
              merger,consolidation,
              reorganization, recapitalization, reincorporation, Share
              distribution,stock split, liquidating distribution, combination of Shares, exchange
              of
              Shares, change in corporate structure or other transaction not involving
              the receipt of consideration by the Company), the Plan shall be
              appropriately adjusted in the class(es) and maximum number of Shares
              subject to the Plan pursuant to, and subject to the limits of, Section
              4(c) and the outstanding Awards shall beappropriately
              adjusted in the class(es) and number of Shares and exercise price
              perShare subject to such outstanding Awards. Such adjustments shall be
              made
              by the Committee, the determination of which shall be final, binding
              and
              conclusive. (The conversion of any convertible securities of the Company
              shall not be treated as a “transaction not involving the receipt of
              consideration by the Company”.)
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(b) | In
              the event of a Change in Control, (1) if the Company does not survive
              as
              an independent entity or organization (excluding as a subsidiary),
              the
              surviving entity or organization or an affiliate of such surviving
              entity
              or organization shall assume the Awards outstanding under the Plan
              or
              substitute similar awards(including
              an award to acquire the same consideration paid to the security
              holdersof
              the Company in the transaction effecting the Change in Control) for
              those
              outstanding under the Plan, or (2) if the Company continues as an
              independent entity or organization (excluding as a subsidiary), such
              Awards shall continue in full force and effect. In addition, upon a
              Change
              in Control, unless the Award Agreement otherwise provides, all Awards
              shallbecome
              fully vested immediately prior to the Change in Control. In the event
              of
              aChange in Control in which the Company does not survive as an independent
              entity or organization (excluding as a subsidiary), if any surviving
              entity or organization and its affiliates refuse to assume or continue
              the
              Awards, or to substitute similar awards for those outstanding under
              the
              Plan, then the Awards not exercised or paid prior to such event shall
              terminate on such event.
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



SECTION
      9.   General
      Provisions .




|(a) | No
              Rights to Awards.
              No Employee, Director or other Person shallhave
              any claim to be granted any Award, and there is no obligation for
              uniformityof
              treatment of Employees, Directors, or holders or beneficiaries of Awards.
              The terms and conditions of Awards need not be the same with respect
              to
              each recipient.
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



12




|(b) | Withholding.
              The Company or any Affiliate is authorized to withhold at the minimum
              statutory rate from any Award, from any payment due or transfer madeunder
              any Award or under the Plan or from any compensation or other amount
              owing
              to a Participant the amount (in cash, Shares, other securities, Shares
              that would otherwise be issued pursuant to such Award, other Awards
              or
              other property) of any applicable federal, state or local taxes payable
              in
              respect of an Award, its exercise, the lapse of restrictions thereon,
              or
              any payment or transfer under an Award or under the Plan and to take
              such
              other action as may benecessary
              in the opinion of the Company to satisfy all obligations for the
              paymentof
              such taxes. In addition, unless the Award Agreement provides otherwise,
              the Committee may provide that the Participant may direct the Company
              to
              satisfy such Participant’s tax obligation through the “constructive”
              tender of already-owned Shares or the withholding of Shares otherwise
              to
              be acquired upon the exercise or payment of such
              Award.
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(c) | No
              Right to Employment.
              The grant of an Award shall not be construed as giving a Participant
              the
              right to be retained in the employ of the Company or any Affiliate.
              Further, the Company or an Affiliate may at any time dismiss aParticipant
              from employment, free from any liability or any claim under the
              Plan,unless otherwise expressly provided in the Plan or in any Award
              Agreement.
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(d) | Governing
              Law.
              The validity, construction, and effect of the Plan and any rules and
              regulations relating to the Plan shall be determined in accordance
              with
              the laws of the State of Delaware and applicable federal
              law.
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(e) | Severability.
              If any provision of the Plan or any Award is or becomes or is deemed
              to be
              invalid, illegal, or unenforceable in any jurisdiction or as to any
              Person
              or Award, or would disqualify the Plan or any Award under any law deemed
              applicable by the Committee, such provision shall be construed ordeemed
              amended to conform to the applicable laws, or if it cannot be construed
              ordeemed amended without, in the determination of the Committee, materiallyaltering
              the intent of the Plan or the Award, such provision shall be stricken
              as
              tosuch jurisdiction, Person or Award and the remainder of the Plan and
              any
              such Award shall remain in full force and
              effect.
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



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



13




|(g) | No
              Trust or Fund Created.
              Neither the Plan nor the Award shall create or beconstrued
              to create a trust or separatefund
              of any kind or a fiduciaryrelationshipbetween
              the Company or any Affiliate and a Participant or any other Person.
              Tothe
              extentthat
              anyPerson
              acquiresa
              right toreceive
              paymentsfrom
              the Companyor
              any Affiliate pursuant to an Award, such right shall be no greater
              than
              the rightof
              any general unsecured creditor of the Company or any
              Affiliate.
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(h) | No
              Fractional Shares.
              No fractional Shares shall be issued or delivered pursuant to the Plan
              or
              any Award, and the Committee shall determine whether cash, other
              securities, or other property shall be paid or transferred in lieu
              of any
              fractional Shares or whether such fractional Shares or any rights thereto
              shall be canceled, terminated, or otherwise
              eliminated.
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(i) | Securityholders’
              Agreement.
              The Committee may condition the grant, payment and/or exercise of any
              Award upon the Participant’s already being, or becomingsubject
              to, an agreement between and among holders of securities in the
              Companycovering,inter
              alia,
              the transferability of the Shares, rights of the Company to repurchase
              such Shares and such other matters as the Committee deems appropriate;
              provided, however, any such restrictions shall automatically lapse
              upon
              the Shares becoming readily tradeable on a national securities
              market.
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(j) | Securities
              Laws Compliance.
              Unless the Shares have been registered under theSecurities
              Act of 1933 (and, in the case of any Participant who may be deemed
              anaffiliate of the Company for securities law purposes, such Shares have
              been registered under such Act for resale by such Participant), or
              the
              Company has determined that an exemption from registration is available,
              the Company may require prior to and as a condition of the exercise
              or
              payment of any Award that (i)the Participant desiring to exercise or
              receive payment such Award give the Company written notice thereof
              and
              that such notice may not be given by the Participant until 45 days
              thereafter (which time period may be waived by theCommittee
              in its sole discretion) in order to allow the Company the opportunity
              toprovide to such Participant any disclosure materials, or to make such
              filings, as may be required under federal and state securities laws
              and
              (ii) the Participant desiring to exercise or be paid such Award famish
              the
              Company with a written representation in a form prescribed by the
              Committee to the effect that suchperson
              is acquiring said Shares solely with a view to investment for his or
              her
              ownaccount
              and not with a view to the resale or distribution of all or any part
              thereof,and that such person will not dispose of any of such Shares otherwise
              than
              in accordance with the provisions of Rule 144 under the Act unless
              and
              until either the Shares are registered under the Act or the Company
              is
              satisfied that an exemption from such registration is
              available.
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(k) | Headings.
              Headings are given to the Sections and subsections of the Plan solelyas
              a convenience to facilitate reference. Such headings shall not be deemed
              inany
              way material or relevant to the construction or interpretation of the
              Plan
              orany
              provision thereof.
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



14




|(l) | Section
              162(m) of the Code.Awards
              granted under this Plan shall not be “qualified performance-based
              compensation” within the meaning of Section 162(m) of the
              Code.
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(m) | No
              Guarantee of Tax Consequences.
              None of the Board, the Company nor the Committee makes any commitment
              or
              guarantee that any federal, state or local tax treatment will apply
              or be
              available to any person participating or eligible to participate
              hereunder.
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



SECTION
      10.   Effective
      Date of the Plan .




This
      Plan
      shall be effective on the date it is adopted by the Board.




SECTION
      11.   Term
      of the Plan .




No
      Award
      shall be granted under the Plan after the 10th anniversary of the effective
      date
      of the Plan and the Plan shall expire on that date unless earlier terminated
      pursuant to
      Section 7. However, unless otherwise expressly provided in the Plan or in an
      applicable Award
      Agreement, any Award granted prior to such expiration or termination, and the
      authority of or
      the Committee to amend, alter, adjust, suspend, discontinue, or terminate any
      such Award or to waive any conditions or rights under such Award, shall extend
      beyond such expiration or termination date.




15