|   | a.     | Option Period. The      Option and the Right shall expire ten years from the date      hereof.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
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|   | b.     | Exercise of Option. The      Option may be exercised at any time after three years from the date      hereof, in whole or in part, prior to its termination at a purchase price      of $24.90 per      share (the Fair Market Value of the Common Stock on the date hereof). Any      exercise shall be accompanied by written notice specifying the number of      shares as to which the Option is being exercised. A partial exercise of      the Option shall not affect the exercisability of the balance of the      Option. Upon the exercise or expiration of all or part of the Option, a      corresponding portion of the Right shall expire. |
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|   | c.     | Payment      of Purchase Price Upon Exercise. At the time of any      exercise of the Option, the purchase price therefor shall be paid in cash,      by delivery of previously-owned shares of Common Stock or any combination      thereof. If  Common Stock is used in full or partial payment of      the Option Price, it shall be valued at the Fair Market Value on the date      the Option is exercised.                                                                                                                                                                                                                          |

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|   | d.     | Termination      of Option. The Option shall      cease to be exercisable at the earliest of (i) the Optionee's purchase of      the Common Stock to which the Option relates, (ii) the automatic exercise      of a related Right, or (iii) the lapse of the Option as set forth in      Section Eight(F) of the Plan. |
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|   | e.     | Limited Stock Appreciation      Right. In the event of a Change in Control as defined in Section      Eleven of the Plan, the Company shall pay to the Optionee the cash value      of the Right as provided for in the Plan. Upon payment of the Right, the      Option shall expire.                                       |
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|   | f.     | Non-transferability.      Neither the Option nor the Right shall be transferable other than      by will or the laws of descent and distribution or pursuant to a qualified      domestic relations order as defined by the Code or Title I of the Employee      Retirement Security Act, or the rules thereunder.           |
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