|   | 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 $27.73 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.     | Dividend Rights. The      dividend will accrue quarterly on the Option in a nominal account. The      Optionee shall be entitled to receive on a deferred basis these quarterly      dividends with respect to the number of shares to which the Option      relates. In the event of a partial exercise, the dividends will be paid      proportionally in accordance with the number of shares purchased.      Notwithstanding the foregoing, Optionee will not be entitled to the      accrued dividends unless (1) Optionee exercises the Option to which the      dividends relate, and (2) the Fair Market Value of the Common Stock is      equal to or more than the Option price on the exercise date. However, in      the event of a Change in Control as defined in Section Eleven of the Plan,      the Optionee shall be entitled to receive an amount equal to the accrued      reinvested quarterly dividends with respect to the number of shares to      which this Option relates without meeting the criteria in the preceding      sentence. If the Option or any portion thereof terminates prior to its      exercise, the right, if any, to the dividends will also      terminate. |
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|   | f.     | 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 along with the accrued quarterly      dividends as provided for in Section 2(e) herein. Upon payment of the      Right, the Option shall expire.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
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|   | g.     | 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 Internal Revenue Code or Title      I of the Employee Retirement Security Act, or the rules      thereunder.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |