2003 Employee Stock Purchase Plan



 EXHIBIT 10.49 
  
 PROVIDE COMMERCE, INC. 
  
 EMPLOYEE STOCK PURCHASE PLAN 
  

	 	I.	 	PURPOSE OF THE PLAN 

  
 This Employee Stock Purchase Plan is intended to promote the interests of Provide Commerce, Inc., a Delaware corporation, by providing eligible employees
with the opportunity to acquire a proprietary interest in the Corporation through participation in a payroll deduction-based employee stock purchase plan designed to qualify under Section 423 of the Code. 
  
 Capitalized terms herein shall have the meanings assigned to such terms in
the attached Appendix. 
  

	 	II.	 	ADMINISTRATION OF THE PLAN 

  
 The Plan Administrator shall have full authority to interpret and construe any provision of the Plan and to adopt such rules and regulations for
administering the Plan as it may deem necessary in order to comply with the requirements of Code Section 423. Decisions of the Plan Administrator shall be final and binding on all parties having an interest in the Plan. 
  

	 	III.	 	STOCK SUBJECT TO PLAN 

  
 A. The stock purchasable under the Plan shall be shares of authorized but unissued or reacquired Common Stock, including shares of Common
Stock purchased on the open market. The number of shares of Common Stock initially reserved for issuance over the term of the Plan shall be 200,000 shares. 
  
 B. The number of shares of Common Stock available for issuance under the Plan shall automatically increase on the first trading day of
January each calendar year during the term of the Plan, beginning with calendar year 2004, by an amount equal to the lesser of (i) three percent (3%) of the total number of shares of Common Stock outstanding on the last trading day in December of
the immediately preceding calendar year, (ii) 40,000 shares, or (iii) such amount as determined by the Plan Administrator. 
  
 C. Should any change be made to the Common Stock by reason of any stock split, stock dividend, recapitalization, combination of shares,
exchange of shares or other change affecting the outstanding Common Stock as a class without the Corporation’s receipt of consideration, appropriate adjustments shall be made to (i) the maximum number and class of securities issuable under the
Plan, (ii) the maximum number and class of securities purchasable per Participant on any one Purchase Date, (iii) the maximum number and class of securities purchasable in total by all Participants on any one Purchase Date, (iv) the maximum number
and/or class of securities by which the share reserve is to increase automatically each calendar year pursuant to the provisions of Section III.B of this Article One and (v) the number and class of securities and the price per share in effect under
each outstanding purchase right in order to prevent the dilution or enlargement of benefits thereunder. 
  










	 	IV.	 	OFFERING PERIODS 

  
 A. Shares of Common Stock shall be offered for purchase under the Plan through a series of overlapping offering periods until such time as
(i) the maximum number of shares of Common Stock available for issuance under the Plan shall have been purchased or (ii) the Plan shall have been sooner terminated. 
  
 B. Each offering period shall be of such duration (not to exceed twenty-four (24) months) as determined by
the Plan Administrator prior to the start date of such offering period. Offering periods shall commence at semi-annual intervals on the first business day of June and December each year over the term of the Plan. Accordingly, two (2) separate
offering periods shall commence in each calendar year the Plan remains in existence. However, the initial offering period shall commence at the Effective Time and terminate on the last business day in November 2005. 
  
 C. Each offering period shall consist of a series of one or
more successive Purchase Intervals. Purchase Intervals shall run from the first business day in June to the last business day in November each year and from the first business day in December each year to the last business day in May in the
following year. However, the first Purchase Interval in effect under the initial offering period shall commence at the Effective Time and terminate on the last business day in May 2004. 
  
 D. Should the Fair Market Value per share of Common Stock on any Purchase Date within a particular offering
period be less than the Fair Market Value per share of Common Stock on the start date of that offering period, then the individuals participating in such offering period shall, immediately after the purchase of shares of Common Stock on their behalf
on such Purchase Date, be transferred from that offering period and automatically enrolled in the next offering period commencing after such Purchase Date. 
  

	 	V.	 	ELIGIBILITY 

  
 A. Each individual who is an Eligible Employee on the start date of any offering period under the Plan may enter that offering period on
such start date. However, an Eligible Employee may participate in only one offering period at a time. 
  
 B. Except as otherwise provided in Section IV.D above, an Eligible Employee must, in order to participate in the Plan for a particular
offering period, complete the enrollment forms prescribed by the Plan Administrator (including a stock purchase agreement and a payroll deduction authorization) and file such forms with the Plan Administrator (or its designeee) on or before the
start date of that offering period. 
  

	 	VI.	 	PAYROLL DEDUCTIONS 

  
 A. The payroll deduction authorized by the Participant for purposes of acquiring shares of Common Stock during an offering period may be
any multiple of one percent (1%) of the Cash Earnings paid to the Participant during each Purchase Interval within that offering period, up to a maximum of ten percent (10%). The deduction rate so authorized shall 

  

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continue in effect throughout the offering period, except to the extent such rate is changed in accordance with the following guidelines: 
  
 (i) The Participant may, at any time during the offering
period, reduce his or her rate of payroll deduction (or, to the extent applicable, the percentage of Cash Earnings to serve as his or her lump sum contribution for the initial Purchase Interval of the first offering period) to become effective as
soon as possible after filing the appropriate form with the Plan Administrator. The Participant may not, however, effect more than one (1) such reduction per Purchase Interval. 
  
 (ii) The Participant may, prior to the commencement of any new Purchase Interval within the offering period,
increase the rate of his or her payroll deduction by filing the appropriate form with the Plan Administrator. The new rate (which may not exceed the ten percent (10%) maximum) shall become effective on the start date of the first Purchase Interval
following the filing of such form. 
  
 B. Payroll
deductions shall begin on the first pay day administratively feasible following the start date of the offering period and shall (unless sooner terminated by the Participant) continue through the pay day ending with or immediately prior to the last
day of that offering period. The amounts so collected shall be credited to the Participant’s book account under the Plan, but no interest shall be paid on the balance from time to time outstanding in such account. The amounts collected from the
Participant shall not be required to be held in any segregated account or trust fund and may be commingled with the general assets of the Corporation and used for general corporate purposes. 
  
 C. For the initial Purchase Interval of the first offering
period under the Plan, no payroll deductions shall be required of the Participant until such time as the Participant affirmatively elects to commence such payroll deductions following his or her receipt of the 1933 Act prospectus for the Plan. In
the absence of such payroll deductions, the Participant will be required to contribute the applicable percentage of his or her Cash Earnings to the Plan in a lump sum payment immediately prior to the close of that Purchase Interval should the
Participant elect to have shares of Common Stock purchased on his or her behalf on the Purchase Date for that initial Purchase Interval. 
  
 D. Payroll deductions shall automatically cease upon the termination of the Participant’s purchase right in accordance with the
provisions of the Plan. 
  
 E. The
Participant’s acquisition of Common Stock under the Plan on any Purchase Date shall neither limit nor require the Participant’s acquisition of Common Stock on any subsequent Purchase Date, whether within the same or a different offering
period. 
  

	 	VII.	 	PURCHASE RIGHTS 

  
 A. GRANT OF PURCHASE RIGHTS. A Participant shall be granted a separate purchase right for each offering period in which he or she is
enrolled. The purchase right shall be granted on the start date of the offering period and shall provide the Participant with the right to purchase shares of Common Stock, in a series of successive installments during that offering period, upon the
terms set forth below. The Participant shall execute a stock 

  

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purchase agreement embodying such terms and such other provisions (not inconsistent with the Plan) as the Plan Administrator may deem advisable. 

 
 Under no circumstances shall purchase rights be granted under the Plan to
any Eligible Employee if such individual would, immediately after the grant, own (within the meaning of Code Section 424(d)) or hold outstanding options or other rights to purchase, stock possessing five percent (5%) or more of the total combined
voting power or value of all classes of stock of the Corporation or any Corporate Affiliate. 
  
 B. EXERCISE OF THE PURCHASE RIGHT. Each purchase right shall be automatically exercised in installments on each successive Purchase Date
within the offering period, and shares of Common Stock shall accordingly be purchased on behalf of each Participant on each such Purchase Date. The purchase shall be effected by applying the Participant’s payroll deductions (or, to the extent
applicable, his or her lump sum contribution) for the Purchase Interval ending on such Purchase Date to the purchase of whole shares of Common Stock at the purchase price in effect for the Participant for that Purchase Date. 
  
 C. PURCHASE PRICE. The purchase price per share at which
Common Stock will be purchased on the Participant’s behalf on each Purchase Date within the particular offering period in which he or she is enrolled shall be equal to eighty-five percent (85%) of the lower of (i) the Fair Market Value per
share of Common Stock on the start date of that offering period or (ii) the Fair Market Value per share of Common Stock on that Purchase Date. 
  
 D. NUMBER OF PURCHASABLE SHARES. The number of shares of Common Stock purchasable by a Participant on each Purchase Date during the
particular offering period in which he or she is enrolled shall be the number of whole shares obtained by dividing the amount collected from the Participant through payroll deductions during the Purchase Interval ending with that Purchase Date (or,
to the extent applicable, his or her lump sum contribution for that Purchase Interval) by the purchase price in effect for the Participant for that Purchase Date. However, the maximum number of shares of Common Stock purchasable per Participant on
any one Purchase Date shall not exceed 1,500 shares, subject to periodic adjustments in the event of certain changes in the Corporation’s capitalization. However, the Plan Administrator shall have the discretionary authority, exercisable prior
to the start of any offering period under the Plan, to increase or decrease the limitation to be in effect for the number of shares purchasable per Participant enrolled in that particular offering period on each Purchase Date which occurs during
that offering period. 
  
 E. EXCESS PAYROLL
DEDUCTIONS. Any payroll deductions not applied to the purchase of shares of Common Stock on any Purchase Date because they are not sufficient to purchase a whole share of Common Stock shall be held for the purchase of Common Stock on the next
Purchase Date. However, any payroll deductions not applied to the purchase of Common Stock by reason of the limitation on the maximum number of shares purchasable per Participant or in total by all Participants on the Purchase Date shall be promptly
refunded. 
  
 F. SUSPENSION OF PAYROLL
DEDUCTIONS. In the event that a Participant is, by reason of the accrual limitations in Article VIII, precluded from purchasing additional shares of Common Stock on one or more Purchase Dates during the offering period in 

  

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which he or she is enrolled, then no further payroll deductions shall be collected from such Participant with respect to those Purchase Dates. The suspension
of such deductions shall not terminate the Participant’s purchase right for the offering period in which he or she is enrolled, and payroll deductions shall automatically resume on behalf of such Participant once he or she is again able to
purchase shares during that offering period in compliance with the accrual limitations of Article VIII. 
  
 G. WITHDRAWAL FROM OFFERING PERIOD. The following provisions shall govern the Participant’s withdrawal from an offering period:

  
 (i) A Participant may withdraw from the
offering period in which he or she is enrolled at any time prior to the next scheduled Purchase Date by filing the appropriate form with the Plan Administrator (or its designee), and no further payroll deductions shall be collected from the
Participant with respect to that offering period. Any payroll deductions collected during the Purchase Interval in which such withdrawal occurs shall, at the Participant’s election, be immediately refunded or held for the purchase of shares on
the next Purchase Date. If no such election is made at the time of such withdrawal, then the payroll deductions collected from the Participant during the Purchase Interval in which such withdrawal occurs shall be refunded as soon as possible.

  
 (ii) The Participant’s withdrawal from a
particular offering period shall be irrevocable, and the Participant may not subsequently rejoin that offering period at a later date. In order to resume participation in any subsequent offering period, such individual must re-enroll in the Plan (by
making a timely filing of the prescribed enrollment forms) on or before the start date of that offering period. 
  
 H. TERMINATION OF PURCHASE RIGHT. The following provisions shall govern the termination of outstanding purchase rights: 
  
 (i) Should the Participant cease to remain an Eligible
Employee for any reason (including death, disability or change in status) while his or her purchase right remains outstanding, then that purchase right shall immediately terminate, and all of the Participant’s payroll deductions for the
Purchase Interval in which the purchase right so terminates shall be immediately refunded. 
  
 (ii) However, should the Participant cease to remain in active service by reason of an approved unpaid leave of absence, then the
Participant shall have the right, exercisable up until the last business day of the Purchase Interval in which such leave commences, to (a) withdraw all the payroll deductions collected to date on his or her behalf for that Purchase Interval or (b)
have such funds held for the purchase of shares on his or her behalf on the next scheduled Purchase Date. In no event, however, shall any further payroll deductions be collected on the Participant’s behalf during such leave. Upon the
Participant’s return to active service (x) within ninety (90) days following the commencement of such leave or (y) prior to the expiration of any longer period for which such Participant’s right to reemployment with the Corporation is
guaranteed by statute or contract, his or her payroll deductions under the Plan shall automatically resume at the rate in effect at the time the leave began, unless the Participant withdraws from the Plan prior to his or her return. An individual
who returns to active 

  

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employment following a leave of absence that exceeds in duration the applicable (x) or (y) time period will be treated as a new Employee for purposes of
subsequent participation in the Plan and must accordingly re-enroll in the Plan (by making a timely filing of the prescribed enrollment forms) on or before the start date of any subsequent offering period in which he or she wishes to participate.

  
 I. CHANGE IN CONTROL. Each outstanding
purchase right shall automatically be exercised, immediately prior to the effective date of any Change in Control, by applying the payroll deductions of each Participant for the Purchase Interval in which such Change in Control occurs to the
purchase of whole shares of Common Stock at a purchase price per share equal to eighty-five percent (85%) of the lower of (i) the Fair Market Value per share of Common Stock on the start date of the offering period in which such individual is
enrolled at the time of such Change in Control or (ii) the Fair Market Value per share of Common Stock immediately prior to the effective date of such Change in Control. However, the applicable limitation on the number of shares of Common Stock
purchasable per Participant shall continue to apply to any such purchase, but not the limitation applicable to the maximum number of shares of Common Stock purchasable in total by all Participants on any one Purchase Date. 
  
 The Corporation shall use its best efforts to provide at least ten (10)
days’ prior written notice of the occurrence of any Change in Control, and Participants shall, following the receipt of such notice, have the right to terminate their outstanding purchase rights prior to the effective date of the Change in
Control. 
  
 J. PRORATION OF PURCHASE RIGHTS.
Should the total number of shares of Common Stock to be purchased pursuant to outstanding purchase rights on any particular date exceed the number of shares then available for issuance under the Plan, the Plan Administrator shall make a pro-rata
allocation of the available shares on a uniform and nondiscriminatory basis, and the payroll deductions of each Participant, to the extent in excess of the aggregate purchase price payable for the Common Stock pro-rated to such individual, shall be
refunded. 
  
 K. ASSIGNABILITY. The purchase
right shall be exercisable only by the Participant and shall not be assignable or transferable by the Participant. 
  
 L. STOCKHOLDER RIGHTS. A Participant shall have no stockholder rights with respect to the shares subject to his or her outstanding
purchase right until the shares are purchased on the Participant’s behalf in accordance with the provisions of the Plan and the Participant has become a holder of record of the purchased shares. 
  

	 	VIII.	 	ACCRUAL LIMITATIONS 

  
 A. No Participant shall be entitled to accrue rights to acquire Common Stock pursuant to any purchase right outstanding under this Plan if
and to the extent such accrual, when aggregated with (i) rights to purchase Common Stock accrued under any other purchase right granted under this Plan and (ii) similar rights accrued under other employee stock purchase plans (within the meaning of
Code Section 423)) of the Corporation or any Corporate Affiliate, would otherwise permit such Participant to purchase more than Twenty-Five Thousand Dollars 

  

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($25,000.00) worth of stock of the Corporation or any Corporate Affiliate (determined on the basis of the Fair Market Value per share on the date or dates
such rights are granted) for each calendar year such rights are at any time outstanding. 
  
 B. For purposes of applying such accrual limitations to the purchase rights granted under the Plan, the following provisions shall be in
effect: 
  
 (i) The right to acquire Common Stock
under each outstanding purchase right shall accrue in a series of installments on each successive Purchase Date during the offering period in which such right remains outstanding. 
  
 (ii) No right to acquire Common Stock under any outstanding purchase right shall accrue to the extent the
Participant has already accrued in the same calendar year the right to acquire Common Stock under one or more other purchase rights at a rate equal to Twenty-Five Thousand Dollars ($25,000.00) worth of Common Stock (determined on the basis of the
Fair Market Value per share on the date or dates of grant) for each calendar year such rights were at any time outstanding. 
  
 C. If by reason of such accrual limitations, any purchase right of a Participant does not accrue for a particular Purchase Interval, then
the payroll deductions that the Participant made during that Purchase Interval with respect to such purchase right shall be promptly refunded. 
  
 D. In the event there is any conflict between the provisions of this Article and one or more provisions of the Plan or any instrument
issued thereunder, the provisions of this Article shall be controlling. 
  

	 	IX.	 	EFFECTIVE DATE AND TERM OF THE PLAN 

  
 A. The Plan was adopted by the Board on September 16, 2003, and shall become effective at the Effective Time, provided no purchase rights
granted under the Plan shall be exercised, and no shares of Common Stock shall be issued hereunder, until (i) the Plan shall have been approved by the stockholders of the Corporation and (ii) the Corporation shall have complied with all applicable
requirements of the 1933 Act (including the registration of the shares of Common Stock issuable under the Plan on a Form S-8 registration statement filed with the Securities and Exchange Commission), all applicable listing requirements of any Stock
Exchange (or the Nasdaq National Market, if applicable) on which the Common Stock is listed for trading and all other applicable requirements established by law or regulation. In the event such stockholder approval is not obtained, or such
compliance is not effected, within twelve (12) months after the date on which the Plan is adopted by the Board, the Plan shall terminate and have no further force or effect, and all sums collected from Participants during the initial offering period
hereunder shall be refunded. 
  
 B. Unless sooner
terminated by the Board, the Plan shall terminate upon the earliest of (i) ten (10) years from the Effective Time, (ii) the date on which all shares available for issuance under the Plan shall have been sold pursuant to purchase rights exercised
under the Plan or (iii) the date on which all purchase rights are exercised in connection with a Change in 

  

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Control. No further purchase rights shall be granted or exercised, and no further payroll deductions shall be collected, under the Plan following such
termination. 
  

	 	X.	 	AMENDMENT OF THE PLAN 

  
 A. The Board may alter, amend, suspend or terminate the Plan at any time to become effective immediately following the close of any
Purchase Interval. However, the Plan may be amended or terminated immediately upon Board action, if and to the extent necessary to assure that the Corporation will not recognize, for financial reporting purposes, any compensation expense in
connection with the shares of Common Stock offered for purchase under the Plan, should the financial accounting rules applicable to the Plan at the Effective Time be subsequently revised so as to require the Corporation to recognize compensation
expense in the absence of such amendment or termination. 
  
 B. In no event may the Board effect any of the following amendments or revisions to the Plan without the approval of the Corporation’s stockholders: 
  
 (i) increase the number of shares of Common Stock issuable under the Plan, except for permissible
adjustments in the event of certain changes in the Corporation’s capitalization, (ii) alter the purchase price formula so as to reduce the purchase price payable for the shares of Common Stock purchasable under the Plan or (iii) modify the
eligibility requirements for participation in the Plan. 
  

	 	XI.	 	GENERAL PROVISIONS 

  
 A. All costs and expenses incurred in the administration of the Plan shall be paid by the Corporation; however, each Plan Participant
shall bear all costs and expenses incurred by such individual in the sale or other disposition of any shares purchased under the Plan. 
  
 B. Nothing in the Plan shall confer upon the Participant any right to continue in the employ of the Corporation or any Corporate Affiliate
for any period of specific duration or interfere with or otherwise restrict in any way the rights of the Corporation (or any Corporate Affiliate employing such person) or of the Participant, which rights are hereby expressly reserved by each, to
terminate such person’s employment at any time for any reason, with or without cause. 
  
 C. The provisions of the Plan shall be governed by the laws of the State of California without resort to that State’s
conflict-of-laws rules. 
  

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 SCHEDULE A 
  
 CORPORATIONS PARTICIPATING IN 
 EMPLOYEE STOCK
PURCHASE PLAN 
 AS OF THE EFFECTIVE TIME 
  
 Provide Commerce, Inc. 
  

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 APPENDIX 
  
 The following definitions shall be in effect under the Plan: 
  
 A. BOARD shall mean the Corporation’s Board of Directors. 
  
 B. CASH EARNINGS shall mean (i) the regular base salary paid to a Participant by one or more Participating Companies during such individual’s period
of participation in one or more offering periods under the Plan plus (ii) all overtime payments, bonuses, commissions, profit-sharing distributions or other incentive-type payments received during such period. Such Cash Earnings shall be calculated
before deduction of (A) any income or employment tax withholdings or (B) any contributions made by the Participant to any Code Section 401(k) salary deferral plan or any Code Section 125 cafeteria benefit program now or hereafter established by the
Corporation or any Corporate Affiliate. However, Cash Earnings shall NOT include any contributions made by the Corporation or any Corporate Affiliate on the Participant’s behalf to any employee benefit or welfare plan now or hereafter
established (other than Code Section 401(k) or Code Section 125 contributions deducted from such Cash Earnings). 
  
 C. CHANGE IN CONTROL shall mean a change in ownership of the Corporation pursuant to any of the following transactions: 
  
 (i) a merger, consolidation or other reorganization approved
by the Corporation’s stockholders, UNLESS securities representing more than fifty percent (50%) of the total combined voting power of the voting securities of the successor corporation are immediately thereafter beneficially owned, directly or
indirectly and in substantially the same proportion, by the persons who beneficially owned the Corporation’s outstanding voting securities immediately prior to such transaction, or 
  
 (ii) the sale, transfer or other disposition of all or substantially all of the assets of the Corporation in
complete liquidation or dissolution of the Corporation, or 
  
 (iii) the acquisition, directly or indirectly, by a person or related group of persons (other than the Corporation or a person that directly or indirectly controls, is controlled by or is under common control with the
Corporation) of beneficial ownership (within the meaning of Rule 13d-3 of the 1934 Act) of securities possessing more than fifty percent (50%) of the total combined voting power of the Corporation’s outstanding securities pursuant to a tender
or exchange offer made directly to the Corporation’s stockholders. 
  
 D. CODE shall mean the Internal Revenue Code of 1986, as amended. 
  
 E. COMMON STOCK shall mean the Corporation’s common stock. 
  
 F. CORPORATE AFFILIATE shall mean any parent or subsidiary corporation of the Corporation (as determined in accordance with Code Section 424), whether now
existing or subsequently established. 
  

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 G. CORPORATION shall mean Provide Commerce, Inc., a Delaware corporation, and any corporate successor to
all or substantially all of the assets or voting stock of Provide Commerce, Inc. that shall by appropriate action adopt the Plan. 
  
 H. EFFECTIVE TIME shall mean the time at which the Underwriting Agreement is executed and the Common Stock priced for the initial public offering of such
Common Stock. Any Corporate Affiliate that becomes a Participating Corporation after such Effective Time shall designate a subsequent Effective Time with respect to its employee-Participants. 
  
 I. ELIGIBLE EMPLOYEE shall mean any person who is employed by a Participating
Corporation on a basis under which he or she is regularly expected to render more than twenty (20) hours of service per week for more than five (5) months per calendar year for earnings considered wages under Code Section 3401 (a). 
  
 J. FAIR MARKET VALUE per share of Common Stock on any relevant date shall be
determined in accordance with the following provisions: 
  
 (i) If the Common Stock is at the time traded on the Nasdaq National Market, then the Fair Market Value shall be the closing selling price per share of Common Stock on the date in question, as such price is reported
by the National Association of Securities Dealers on the Nasdaq National Market and published in THE WALL STREET JOURNAL. If there is no closing selling price for the Common Stock on the date in question, then the Fair Market Value shall be the
closing selling price on the last preceding date for which such quotation exists. 
  
 (ii) If the Common Stock is at the time listed on any Stock Exchange, then the Fair Market Value shall be the closing selling price per
share of Common Stock on the date in question on the Stock Exchange determined by the Plan Administrator to be the primary market for the Common Stock, as such price is officially quoted in the composite tape of transactions on such exchange and
published in THE WALL STREET JOURNAL. If there is no closing selling price for the Common Stock on the date in question, then the Fair Market Value shall be the closing selling price on the last preceding date for which such quotation exists.

  
 (iii) For purposes of the initial offering
period that begins at the Effective Time, the Fair Market Value shall be deemed to be equal to the price per share at which the Common Stock is sold in the initial public offering pursuant to the Underwriting Agreement. 
  
 K. 1933 ACT shall mean the Securities Act of 1933, as amended. 
  
 L. PARTICIPANT shall mean any Eligible Employee of a Participating
Corporation who is actively participating in the Plan. 
  
 M.
PARTICIPATING CORPORATION shall mean the Corporation and such Corporate Affiliate or Affiliates as may be authorized from time to time by the Board to extend the benefits of the Plan to their Eligible Employees. The Participating Corporations in the
Plan are listed in attached Schedule A. 
  
 N. PLAN shall
mean the Corporation’s Employee Stock Purchase Plan, as set forth in this document. 
  

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 O. PLAN ADMINISTRATOR shall mean the committee of two (2) or more Board members appointed by the Board to
administer the Plan or, in the absence of such a committee, the Board. 
  
 P. PURCHASE DATE shall mean the last business day of each Purchase Interval. The initial Purchase Date shall be May 31, 2004. 
  
 Q. PURCHASE INTERVAL shall mean each successive six (6)-month period within a particular offering period at the end of which there shall be purchased
shares of Common Stock on behalf of each Participant. 
  
 R. STOCK
EXCHANGE shall mean either the American Stock Exchange or the New York Stock Exchange. 
  
 S. UNDERWRITING AGREEMENT shall mean the agreement between the Corporation and the underwriter or underwriters managing the initial public offering of the Common Stock. 
  

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