**EXHIBIT 4.1**

**2006      INCENTIVE PLAN **

| 1. |   | Purpose.                The purpose of Lakeland Industries, Inc.’s 2006 Incentive Plan (the                “Plan”) is to motivate key employees and directors to produce a superior                return to the stockholders of Lakeland Industries, Inc. by offering                them                an opportunity to participate in stockholder gains, by facilitating                stock                ownership and by rewarding them for achieving a high level of corporate                financial performance. The Plan is also intended to facilitate recruiting                and retaining talented executives for key positions by providing                an                attractive capital accumulation opportunity. |
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| 2. |   | Definitions.  |
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|   | 2.1 |   | The                following terms, whenever used in this Plan, shall have the meanings                set                forth below: |
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|   | (a) |   | “Affiliate”                means any corporation or limited liability company, a majority of                the                voting stock or membership interests of which is directly or indirectly                owned by the Company, and any partnership or joint venture designated                by                the Committee in which any such corporation or limited liability                company                is a partner or joint venturer. |
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|   | (b) |   | “Award”                means a grant made under this Plan in the form of Performance Shares,                Restricted Stock, Restricted Share Rights, or Stock Awards. |
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|   | (c) |   | “Award                Agreement” means a written agreement or other communication evidencing the                terms and conditions of an Award in the form of either an agreement                to be                executed by both the Participant and the Company (or an authorized                representative of the Company) or a certificate, notice, term sheet                or                similar communication. |
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|   | (d) |   | “Beneficiary”                means the person or persons determined in accordance with Section                12. |
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|   | (e) |   | “Board”                means the Board of Directors of the Company. |
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|   | (f) |   | Intentionally                left blank |
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|   | (g) |   | “Code”                means the Internal Revenue Code of 1986, as amended from time to                time, and                the rulings and regulations issued thereunder. |
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|   | (h) |   | “Committee”                has the meaning set forth in Section 3. |
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|   | (i) |   | “Company”                means Lakeland Industries, Inc., a Delaware corporation. |
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|   | (j) |   | “Earnings                Per Share” means the Company’s diluted earnings per share as reported in                the Company’s consolidated financial statements for the applicable                performance period, adjusted in the same manner as provided below                for Net                Income. |
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|   | (k) |   | “Employee”                means an individual who is a common law employee (including an officer                or                director who is also an employee) of the Company or an Affiliate. |
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|   | (l) |   | “Fair                Market Value” as of any date means, unless a different calculation measure                is specified by the Committee, the immediately preceding trading                day’s                closing sales price of a Share on the NASDAQ. |
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|   | (m) |   | Intentionally                left blank. |
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|   | (n) |   | “Net                Income” shall mean the Company’s net income for the applicable performance                period as reported in the Company’s consolidated financial statements,                adjusted to eliminate the effect of (i) losses resulting from discontinued                operations, (ii) extraordinary gains or losses, (iii) the cumulative                effect of changes in generally accepted accounting principles, and                (iv)                any other unusual or non-recurring gain or loss which is separately                identified and quantified. |
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|   | (o) |   | Intentionally                left blank |
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|   | (p) |   | Intentionally                left blank |
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|   | (q) |   | “Participant”                means a person described in Section 5 designated by the Committee                to                receive an Award under the Plan. |
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|   | (r) |   | “Performance                Cycle” means the period of time of not fewer than two years nor more than                five years as specified by the Committee over which Performance Shares                or                Performance Units are to be earned. |
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|   | (s) |   | “Performance                Shares” means an Award made pursuant to Section 6 which entitles a                Participant to receive Shares, their cash equivalent, or a combination                thereof, based on the achievement of performance targets during a                Performance Cycle. |
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|   | (t) |   | Intentionally                left blank |
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|   | (u) |   | “Plan”                means this 2006 Incentive Plan, as amended from time to time. |
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|   | (v) |   | “Qualifying                Performance Criteria” has the meaning set forth in Section 16.2. |
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|   | (w) |   | Intentionally                left blank. |
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|   | (x) |   | “Restricted                Stock” means Stock granted under Section 7 that is subject to restrictions                imposed pursuant to said Section.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
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|   | (y) |   | “Retirement”                means termination of employment after reaching the earliest of (i)                age 55                with 10 completed years of service, or (ii) 80 points (with one point                credited for each completed age year and one point credited for each                completed year of service), or (iii) age 65. For purposes of this                definition, a Participant is credited with one year of service after                completion of each full 12-month period of employment with the Company                or                an Affiliate as determined by the Company or Affiliate. |

|   | (y.1) |   | “Return                on Assets” (ROA) means the Net Income of the Company on an annualized                basis, divided by the Company’s average total assets as reported in the                Company’s consolidated financial statements for the relevant performance                period.                                                                                                                                                                                              |
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|   | (z)   |   | “Return                on Equity” (ROE) means the Net Income of the Company on an annualized                basis, divided by the Company’s average total common equity excluding                average accumulated comprehensive income as reported in the Company’s                consolidated financial statements for the relevant performance                period.                                                                                                                |
|   | (z.1) |   | “Return                on Investment” (ROI) means the Net Income of the Company on an annualized                basis, divided by the Company’s average total common equity , long term                debt including current maturities thereof, and short term borrowings,                excluding average accumulated comprehensive income as reported in                the                Company’s consolidated financial statements for the relevant performance                period. |

|   | (aa) |   | “Share”                means a share of Stock. |
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|   | (bb) |   | “Stock”                means the common stock, $0.01                par value, of the Company. |
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|   | (cc) |   | Intentionally                left blank |
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|   | (dd) |   | “Stock                Award” means an award of Stock granted to a Participant pursuant to                Section 8. |
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|   | (ee) |   | “Term”                means the period during which the restrictions placed on a Restricted                Share Right or Restricted Stock are in effect. |
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|   | 2.2 |   | Gender                and Number.                Except when otherwise indicated by context, reference to the masculine                gender shall include, when used, the feminine gender and any term                used in                the singular shall also include the plural. |
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| 3. |   | Administration. |
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|   | 3.1 |   | Administration                of the Plan.                The Plan shall be administered by the Compensation Committee of the                Board                or such other committee selected by the Board and consisting of two                or                more members of the Board (the “Committee”). Any power of the Committee                may also be exercised by the Board, except to the extent that the                grant or                exercise of such authority would cause any Award or transaction to                become                subject to (or lose an exemption under) the short-swing profit recovery                provisions of Section 16 of the Securities Exchange Act of 1934,                as                amended, or cause an Award not to qualify for treatment as “performance                based compensation” under Section 162(m) of the Code. To the extent that                any permitted action taken by the Board conflicts with action taken                by the                Committee, the Board action shall control. The Committee may delegate                any                or all aspects of the day-to-day administration of the Plan to one                or more                officers or employees of the Company or any Affiliate, and/or to                one or                more agents. |
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|   | 3.2 |   | Powers                of the Committee.                Subject to the express provisions of this Plan, the Committee shall                be                authorized and empowered to take all actions that it determines to                be                necessary or appropriate in connection with the administration of                this                Plan, including, without limitation: (i) to prescribe, amend and                rescind                rules and regulations relating to this Plan and to define terms not                otherwise defined herein; (ii) to determine which persons are eligible                to                be granted Awards under Section 5, to which of such persons, if any,                Awards shall be granted hereunder and the timing of any such Awards;                (iii)                to grant Awards to Participants and determine the terms and conditions                of                Awards, including the number of Shares subject to Awards, the exercise                or                exercise price of such Shares, and the circumstances under which                Awards                become exercisable or vested or are forfeited or expire, which terms                may                but need not be conditioned upon the passage of time, continued                employment, the satisfaction of performance criteria, the occurrence                of                certain events, or other factors; (iv) to establish and certify the                extent                of satisfaction of any performance goals or other conditions applicable                to                the grant, issuance, exercisability, vesting and/or ability to retain                any                Award; (v) to prescribe and amend the terms of Award Agreements or                other                documents relating to Awards made under this Plan (which need not                be                identical) and the terms of or form of any document or notice required                to                be delivered to the Company by Participants under this Plan; (vi)                to                determine whether, and the extent to which, adjustments are required                pursuant to Section 25; (vii) to interpret and construe this Plan,                any                rules and regulations under this Plan, and the terms and conditions                of any                Award granted hereunder, and to make exceptions to any such provisions                in                good faith and for the benefit of the Company; and (viii) to make                all                other determinations deemed necessary or advisable for the administration                of this Plan. |
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|   | 3.3 |   | Determinations                by the Committee.                All decisions, determinations and interpretations by the Committee                regarding the Plan, any rules and regulations under the Plan, and                the                terms and conditions of or operation of any Award granted hereunder,                shall                be final and binding on all Participants, Beneficiaries, heirs, assigns                or                other persons holding or claiming rights under the Plan or any Award.                The                Committee shall consider such factors as it deems relevant, in its                sole                and absolute discretion, to making such decisions, determinations                and                interpretations including, |
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|   |   |   | without                limitation, the recommendations or advice of any officer or other                employee                of the Company and such attorneys, consultants and accountants |
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| 4. |   | Shares                Available Under the Plan; Limitation on Awards. |
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|   | 4.1 |   | Aggregate                Limits.                Subject to adjustment as provided in Section 25, the aggregate number                of                Shares issuable pursuant to all Awards under this Plan on or after                April                11, 2006 shall not exceed 230,000 Shares. The Shares issued pursuant                to                Awards granted under this Plan may consist, in whole or in part,                of                authorized but unissued Stock or treasury Stock not reserved for                any other                purpose. |
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|   | 4.2 |   | Issuance                of Shares.                For purposes of this Section 4, the aggregate number of Shares available                for Awards under this Plan at any time shall not be reduced by Shares                subject to Awards that have been canceled, expired, forfeited or                settled                in cash. |
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|   | 4.3 |   | No                Participant may be granted awards under the 2006 Incentive Plan with                respect to an aggregate of more than 20,000 shares of stock (subject                to                adjustment as described below) during any fiscal                year. |
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| 5. |   | Participation.                Participation in the Plan shall be limited to Employees or Directors                of                the Company or an Affiliate selected by the Committee. Participation                is                entirely at the discretion of the Committee, and is not automatically                continued after an initial period of participation. |
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| 6. |   | Performance                Shares and Performance Units.                An Award of Performance Shares or Performance Units under the Plan                shall                entitle the Participant to future payments or Shares or a combination                thereof based upon the level of achievement with respect to one or                more                pre-established performance criteria (including Qualifying Performance                Criteria) established for a Performance Cycle. |
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|   | 6.1 |   | Amount                of Award.                The Committee shall establish a baseline, minimum threshold, and                maximum                amount of a Participant’s Award, which amount shall be denominated in                Shares. |
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|   | 6.2 |   | Communication                of Award.                Each Award Agreement evidencing an Award of Performance Shares or                Performance Units shall contain provisions regarding (i) the target                and                maximum amount payable to the Participant pursuant to the Award,                (ii) the                performance criteria and level of achievement versus these criteria                that                shall determine the amount of such payment, (iii) the Performance                Cycle as                to which performance shall be measured for determining the amount                of any                payment, (iv) the timing of any payment earned by virtue of performance,                (v) restrictions on the alienation or transfer of the Award prior to                actual payment, (vi) forfeiture provisions and (vii) such further                terms and conditions, in each case not inconsistent with this Plan,                as may                be determined from time to time by the Committee. |
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|   | 6.3 |   | Performance                Criteria.                Performance criteria established by the Committee shall relate to                corporate, group, unit or individual performance, and may be established                in terms of earnings, growth in earnings, ratios of earnings to equity                or                assets, or such other measures or standards determined by the Committee;                provided, however, that the performance criteria for any portion                of an                Award of Performance Shares or Performance Units that is intended                by the                Committee to satisfy the requirements for “performance-based compensation”                under Code Section 162(m) shall be a measure based on one or more                Qualifying Performance Criteria selected by the Committee and specified                at                the time the Award is granted. Multiple performance targets may be                used                and the components of multiple performance targets may be given the                same                or different weighting in determining the amount of an Award earned,                and                may relate to absolute performance or relative performance measured                against other groups, units, individuals or entities. |
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|   | 6.4 |   | Discretionary                Adjustments.                Notwithstanding satisfaction of any performance goals, the amount                paid                under an Award of Performance Shares or Performance Units on account                of                either financial performance or personal performance evaluations                may be                reduced by the Committee on the basis |
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|   |   |   | of                such further considerations as the Committee shall determine. |
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|   | 6.5 |   | Payment                of Awards.                Following the conclusion of each Performance Cycle, the Committee                shall                determine the extent to which performance criteria have been attained,                and                the satisfaction of any other terms and conditions with respect to                an                Award relating to such Performance Cycle. The Committee shall determine                what, if any, payment is due with respect to an Award and whether                such                payment shall be made in cash, Stock or a combination thereof. Payment                shall be made in a lump sum or installments, as determined by the                Committee at the time the Award is granted, commencing as promptly                as                practicable following the end of the applicable Performance Cycle,                subject                to such terms and conditions and in such form as may be prescribed                by the                Committee. Payment in Stock may be in Restricted Stock at the discretion                of the Committee at the time the Award is granted. |
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|   | 6.6 |   | Termination                of Employment.                Unless the Committee provides otherwise: |
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|   | (a) |   | Due                to Death or Disability.                If a Participant ceases to be an Employee before the end of a Performance                Cycle by reason of his death or permanent disability, the Performance                Cycle for such Participant for the purpose of determining the amount                of                Award payable shall end at the end of the calendar quarter immediately                preceding the date on which said Participant ceased to be an Employee.                The                amount of an Award payable to a Participant (or the Beneficiary of                a                deceased Participant) to whom the preceding sentence is applicable                shall                be paid at the end of the Performance Cycle, and shall be that fraction                of                the Award computed pursuant to the preceding sentence the numerator                of                which is the number of calendar quarters during the Performance Cycle                during all of which said Participant was an Employee and the denominator                of which is the number of full calendar quarters in the Performance                Cycle. |
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|   | (b) |   | Due                to Reasons Other Than Death or Disability.                Upon any other termination of employment of a Participant during                a                Performance Cycle, participation in the Plan shall cease and all                outstanding Awards of Performance Shares or Performance Units to                such                Participant shall be cancelled. |
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| 7. |   | Restricted                Stock Awards.                An Award of Restricted Stock under the Plan shall consist of Shares                the                grant, issuance, retention, vesting and/or transferability of which                are                subject, during specified periods of time, to such conditions and                terms as                the Committee deems appropriate. Restricted Stock granted pursuant                to the                Plan need not be identical, but each grant of Restricted Stock must                contain and be subject to the terms and conditions set forth below. |
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|   | 7.1 |   | Award                Agreement.                Each Award of Restricted Stock shall be evidenced by an Award Agreement.                Each Award Agreement shall contain provisions regarding (i) the number                of                Shares subject to the Award or a formula for determining such number,                (ii)                the purchase price of the Shares, if any, and the means of payment,                (iii)                such terms and conditions on the grant, issuance, vesting and/or                forfeiture of the Restricted Stock as may be determined from time                to time                by the Committee, (iv) restrictions on the transferability of the                Award                and (v) such further terms and conditions, in each case not inconsistent                with this Plan, as may be determined from time to time by the Committee.                Shares issued under an Award of Restricted Stock may be issued in                the name                of the Participant and held by the Participant or held by the Company,                in                each case as the Committee may provide. |
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|   | 7.2 |   | Vesting                and Lapse of Restrictions.                The grant, issuance, retention, vesting and/or settlement of Shares                of                Restricted Stock shall occur at such time and in such installments                as                determined by the Committee or under criteria established by the                Committee. The Committee shall have the right to make the timing                of the                grant and/or the issuance, ability to retain, vesting and/or settlement                of                Shares of Restricted Stock subject to continued employment, passage                of                time and/or such performance criteria as deemed appropriate by the                Committee; provided that in no event shall the grant, issuance, retention,                vesting and/or settlement of Shares under an Award of Restricted                Stock                that is based on performance criteria and the level of achievement                measured against such criteria be subject to a performance period                of less                than one year and no condition that is based solely upon |
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|   |   |   | continued                employment or the passage of time shall provide for vesting or settlement                in full of an Award of Restricted Stock over a Term of less than                three                years from the date the Award is granted, in each case other than                as a                result of or upon the death, disability or Retirement of the Participant                or a change in control of the Company. Notwithstanding anything herein                to                the contrary, the limitations contained in the preceding sentence                shall                not apply to Restricted Stock that is granted in lieu of salary,                cash                bonus or other cash compensation, in which case there may be no minimum                Term. |
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|   | 7.3 |   | Rights                as a Stockholder.                A                Participant shall have all voting, dividend, liquidation and other                rights                with respect to Restricted Stock held by such Participant as if the                Participant held unrestricted Stock; provided that the unvested portion                of                any award of Restricted Stock shall be subject to any restrictions                on                transferability or risks of forfeiture imposed pursuant to Sections                7.1,                7.2 and 7.4. Unless the Committee otherwise determines or unless                the terms                of the applicable Award Agreement or grant provides otherwise, any                noncash                dividends or distributions paid with respect to shares of unvested                Restricted Stock shall be subject to the same restrictions and vesting                schedule as the Shares to which such dividends or distributions relate. |
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|   | 7.4 |   | Termination                of Employment.                Unless the Committee provides otherwise: |
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|   | (a) |   | Due                to Death, or Permanent Disability.                If a Participant ceases to be an Employee prior to the lapse of                restrictions on Shares of Restricted Stock by reason of his death,                permanent disability or retirement, all restrictions on Shares of                Restricted Stock held for his benefit shall immediately lapse. |
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|   | (b) |   | Due                to Reasons Other Than Death, Permanent Disability or                Retirement.                Upon any other termination of employment prior to the lapse of                restrictions, participation in the Plan shall cease and all Shares                of                Restricted Stock held for the benefit of a Participant shall be forfeited                by the Participant. |
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|   | 7.5 |   | Certificates.                The Committee may require that certificates representing Shares of                Restricted Stock be retained and held in escrow by a designated employee                or agent of the Company or any Affiliate until any restrictions applicable                to Shares of Restricted Stock so retained have been satisfied or                lapsed.                Each certificate issued in respect to an Award of Restricted Stock                may, at                the election of the Committee, bear the following legend: |
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|   |   |   | “This                certificate and the shares of stock represented hereby are subject                to the                terms and conditions (including forfeiture provisions and restrictions                against transfer) contained in the 2006 Incentive Plan and the Restricted                Stock Award. Release from such terms and conditions shall obtain                only in                accordance with the provisions of the Plan and the Award, a copy                of each                of which is on file in the office of the Secretary of Lakeland Industries,                Inc..” |
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| 8. |   | Stock                Awards. |
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|   | 8.1 |   | Grant.                A                Participant may be granted one or more Stock Awards under the Plan;                provided that such Award is granted in lieu of salary, cash bonus                or other                cash compensation. Stock Awards shall be subject to such terms and                conditions, consistent with the other provisions of the Plan, as                may be                determined by the Committee. |
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|   | 8.2 |   | Rights                as a Stockholder.                A                Participant shall have all voting, dividend, liquidation and other                rights                with respect to Shares issued to the Participant as a Stock Award                under                this Section 8 upon the Participant becoming the holder of record                of the                Shares granted pursuant to such Stock Award; provided that the Committee                may impose such restrictions on the assignment or transfer of Shares                awarded pursuant to a Stock Award as it considers appropriate. |
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|   | •  | 9.                Qualifying                Retirement and Disqualifying Activity                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
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|   |          | 9.1                Qualifying                Retirement.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
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|   | •  | Unless                otherwise determined by the Committee at or after the time of granting                any                award, and except for a “qualifying retirement” (discussed below), if a                Participant’s employment by the Company or any subsidiary or affiliate                terminates for any reason other than death or permanent disability,                all                restricted stock held by such Participant which is unvested or subject                to                restriction at the time of such termination will be forfeited at                such                time.                                                                                                                                            |
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|   | •  | If                a Participant’s employment with the Company or any of its subsidiaries or                affiliates terminates for any reason other than death, permanent                disability or the Participant’s involuntary termination for cause, and if                immediately prior to the date of such termination of employment                (i) the Participant is 55 years of age or older, and                (ii) the sum of the Participant’s age and completed years of service                as an employee of the Company or its subsidiaries or affiliates                (disregarding fractions in both cases) totals 70 or more (a “qualifying                retirement”), the following provisions will apply: |

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|   | •  | All                shares of restricted stock awarded to the Participant which have                vested as                of the date of the qualifying retirement will be free of restrictions.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
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|   | •  | With                respect to any time-based restricted stock award which has not vested,                effective as of the Participant’s retirement date: (a) the award will                remain in effect with respect to fifty percent (50%) of the shares                covered                thereby, and such award will vest on the Participant’s retirement date and                such shares will be free of restrictions as of the vesting date;                and                (b) the award will be terminated with respect to the remaining fifty                percent (50%) of the shares covered thereby.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
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|   | •  | With                respect to any performance-based restricted stock award which has                not                vested, effective as of the Participant’s retirement date: (a) the                award will remain in effect with respect to fifty percent (50%) of                the                shares covered thereby and will vest upon the achievement of the                related                performance goals (unless an award expires according to its terms                prior to                the satisfaction of the performance goals, in which event the award                will                terminate and applicable shares of restricted stock will be forfeited);                and (b) the award will terminate as to the remaining fifty percent                (50%) of the shares covered thereby. However, if the Participant                is the                Chief Executive Officer or a member of his or her direct reporting                group,                and such person has given the Company written notice at least one                (1) full year prior to his or her qualifying retirement, no unvested                performance-based restricted stock awards will terminate upon such                retirement, and one hundred percent (100%) of the shares covered                by such                awards will remain in effect and will vest upon the achievement of                the                related performance goals (unless an award expires according to its                terms                prior to the satisfaction of the performance goals, in which event                the                award will terminate and applicable shares of restricted stock will                be                forfeited). |

| 9.2                Disqualifying                Activity.  Notwithstanding                the foregoing, if the Committee determines that the Participant is                or has                engaged in any disqualifying activity (as defined below), then (1) to                the extent that any restricted stock award held by such Participant                has                vested as of the disqualification date (as defined below), the Participant                will have the right to receive all shares of restricted stock which                are                vested as of such date and (2) to the extent that any restricted                stock award held by such Participant has not vested as of the                disqualification date, the award will terminate, and all related                shares                will be forfeited, as of such date. Any determination by the Committee,                which may act upon the recommendation of the Chief Executive Officer                or                other senior officer of the Company, that the Participant is or has                engaged in any disqualifying activity, and as to the disqualification                date, will be final and conclusive. |
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|   |   | For                purposes of this provision, the term “disqualifying activity” is defined                in the Plan to include, among other activities: |

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|   | •  | directly                or indirectly being an owner, officer, employee, advisor or consultant                to                a company that competes with the Company or its subsidiaries or affiliates                to an extent deemed material by the Committee, or                                                                                               |
|   |          |                                                                                                                                                                                                                                                                                                                                                                      |
|   | •  | disclosure                to third parties or misuse of any confidential information or trade                secrets of the Company, its subsidiaries or affiliates, or                                                                                                                                                                                                   |
|   |          |                                                                                                                                                                                                                                                                                                                                                                      |
|   | •  | any                material violation of the Company’s Code of Business Conduct and Ethics or                any other agreement between the Company and the Participant, or                                                                                                                                                                                        |
|   |          |                                                                                                                                                                                                                                                                                                                                                                      |
|   | •  | failing                in any material respect to perform his or her assigned responsibilities                as                an employee of the Company or any of its subsidiaries or affiliates,                as                determined by the Committee, in its sole judgment, after consulting                with                the Chief Executive Officer. |

|   |   |                                                                                                                                                                                                                                                                                                  |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   | The                ownership of less than 2% of the outstanding voting securities of                a                publicly traded corporation which competes with the Company or any                of its                subsidiaries or affiliates will not constitute a disqualifying activity. |
|   |   |                                                                                                                                                                                                                                                                                                  |
|   |   | The                term “disqualifying date” is defined in the Plan as the earliest date as                of which the Participant engaged in any disqualifying activity, as                determined by the Committee.                                                                 |

|   |   |   |
|--------|--------|--------|

| 10. 11. |   | Options.                Options are not part of this Plan. Stock                Appreciation Rights.                Stock Appreciation rights are not part of this                Plan. |
|--------------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 12. |   | Nontransferability                of Rights.                Unless the Committee provides otherwise, (i) no rights under any                Award                will be assignable or transferable and no Participant or Beneficiary                will                have any power to anticipate, alienate, dispose of, pledge or encumber                any                rights under any Award, and (ii) the rights and the benefits of any                Award                may be exercised and received during the lifetime of the Participant                only                by the Participant or by the Participant’s legal representative. The                Participant may, by completing and signing a written beneficiary                designation form which is delivered to and accepted by the Company,                designate a beneficiary to receive any payment and/or exercise any                rights                with respect to outstanding Awards upon the Participant’s death. If at the                time of the Participant’s death there is not on file a fully effective                beneficiary designation form, or if the designated beneficiary did                not                survive the Participant, the person or persons surviving at the time                of                the Participant’s death in the first of the following classes of                beneficiaries in which there is a survivor, shall have the right                to                receive any payment and/or exercise any rights with respect to outstanding                Awards: |
|-----|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) |   | Participant’s                surviving spouse; |
|--------|-----|--------|------------------------------------------------------|

|   | (b) |   | Equally                to the Participant’s children, except that if any of the Participant’s                children predecease the Participant but leave descendants surviving,                such                descendants shall take by right of representation the share their                parent                would have taken if living; |
|--------|-----|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (c) |   | Participant’s                surviving parents equally; |
|--------|-----|--------|---------------------------------------------------------------|

|   | (d) |   | Participant’s                  surviving brothers and sisters equally; or |
|--------|-----|--------|---------------------------------------------------------------------------------|

|   | (e) |   | The                  legal representative of the Participant’s estate. |
|--------|-----|--------|------------------------------------------------------------------------------|

|   |   | If                  a person in the class surviving dies before receiving any payment                  and/or                  exercising any rights with |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   |   | respect                to outstanding Awards (or the person’s share of any payment and/or rights                in case of more than one person in the class), that person’s right to                receive any payment and/or exercise any rights with respect to outstanding                Awards will lapse and the determination of who will be entitled to                receive                any payment and/or exercise any rights with respect to outstanding                Awards                will be determined as if that person predeceased the Participant. |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 13. |   | Termination                of Employment.  |
|-----|--------|-------------------------------------------------|

|   | 13.1 |   | Transfers                of employment between the Company and an Affiliate, or between Affiliates,                will not constitute termination of employment for purposes of any                Award. |
|--------|------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 13.2 |   | The                Committee may specify whether any authorized leave of absence or                absence                for military or government service or for any other reasons will                constitute a termination of employment for purposes of the Award                and the                Plan. |
|--------|------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 14. |   | Reorganization.                Unless the Committee or the Board otherwise determines either at                the time                the Award is granted or at any time thereafter, if substantially                all of                the assets of the Company are acquired by another corporation or                in case                of a reorganization of the Company involving the acquisition of the                Company by another entity, then as to each Participant who is an                Employee                immediately prior to the consummation of the transaction: |
|-----|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) |   | Intentionally                left blank |
|--------|-----|--------|-----------------------------------------|

|   | (b) |   | All                restrictions with respect to Restricted Stock shall lapse immediately                prior to the consummation of the transaction, and Shares free of                restrictive legend shall be delivered to the Participant. |
|--------|-----|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (c) |   | All                Performance Cycles for the purpose of determining the amounts of                Awards of                Performance Shares and Performance Units payable shall end at the                end of                the calendar quarter immediately preceding the consummation of the                transaction. The amount of an Award payable shall be that fraction                of the                Award computed pursuant to the preceding sentence, the numerator                of which                is the number of calendar quarters completed in the Performance Cycle                through the end of the calendar quarter immediately preceding the                consummation of the transaction and the denominator of which is the                number                of full calendar quarters in the Performance Cycle. The amount of                an Award                payable shall be paid within sixty days after consummation of the                transaction. |
|--------|-----|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   | For                avoidance of doubt, this Section 14 shall not apply to the sale or                other                disposition by the Company of the assets of, or stock or other ownership                interests in, an Affiliate unless such disposition would constitute                a                disposition of substantially all of the assets of the Company. |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   | The                Committee shall take such action as in its discretion may be necessary                or                advisable to carry out the provisions of this Section. |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 15. |   | Board                Changes.                Unless the Committee or the Board otherwise determines either at                the time                the Award is granted or at any time thereafter, on the date that                a                majority of the Board shall be persons other than persons (a) for                whose                election proxies shall have been solicited by the Board or (b) who                are                then serving as directors appointed by the Board to fill vacancies                on the                Board caused by death or resignation (but not by removal) or to fill                newly-created directorships, then as to any Participant who is an                Employee                immediately prior to said date and who ceases to be an Employee within                six                months after said date for any reason other than as a result of death,                permanent disability or Retirement: |
|-----|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |  (i) |   | Intentionally                left blank |
|--------|-----------|--------|-----------------------------------------|

|   |  (ii) |   | All                restrictions with respect to Restricted Stock shall lapse and Shares                free                of restrictive legend shall be delivered to the Participant. |
|--------|------------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iii) |   | All                Performance Cycles for the purpose of determining the amounts of                Awards of                Performance |
|--------|-------|--------|-----------------------------------------------------------------------------------------------------------------------------------------|

----

|   |   |   |  Shares                and Performance Units payable shall end at the end of the calendar                quarter                immediately preceding the date on which said Participant ceased to                be an                Employee. The amount of an Award payable to said Participant shall                be that                fraction of the Award computed pursuant to the preceding sentence,                the                numerator of which is the number of calendar quarters during the                Performance Cycle during all of which said Participant was an Employee                and                the denominator of which is the number of full calendar quarters                in the                Performance Cycle. The amount of an Award payable shall be paid within                sixty days after said Participant ceases to be an Employee. |
|--------|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   | The                Committee shall take such action as in its discretion may be necessary                or                advisable to carry out the provisions of this Section. |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 16. |   | Qualifying                Performance-Based Compensation. |
|-----|--------|-----------------------------------------------------------|

|   | 16.1 |   | General.                The Committee may specify that all or a portion of any Award is intended                to satisfy the requirements for “performance-based compensation” under                Section 162(m) of the Code; provided that the performance criteria                for any                portion of an Award that is intended by the Committee to satisfy                the                requirements for “performance-based compensation” under Section 162(m) of                the Code shall be a measure based on one or more Qualifying Performance                Criteria selected by the Committee and specified at the time such                Award is                granted. The Committee shall certify the extent to which any Qualifying                Performance Criteria has been satisfied, and the amount payable as                a                result thereof, prior to payment, settlement or vesting of any Award                that                is intended to satisfy the requirements for “performance-based                compensation” under Section 162(m) of the Code. Notwithstanding                satisfaction of any performance goals, the number of Shares issued                or the                amount paid under an Award may be reduced by the Committee on the                basis of                such further considerations as the Committee shall determine. |
|--------|------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 16.2 |   | Qualifying                Performance Criteria.                For purposes of this Plan, the term “Qualifying Performance Criteria”                shall mean any one or more of the following performance criteria,                either                individually, alternatively or in any combination, applied to either                the                Company as a whole or to a business unit or Affiliate, either                individually, alternatively or in any combination, and measured either                annually or cumulatively over a period of years, on an absolute basis                or                relative to a pre-established target, to previous years’ results or to a                designated comparison group, in each case as specified by the Committee:                Return on Equity (ROE), Return on Investment (ROI), Return on Assets                (ROA), Sales, Earnings Before Interest, Taxes, Depreciation and                Amortization (EBITDA), or Earnings Per Share                (EPS). |
|--------|------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 17. |   | Effective                Date of the Plan. |
|-----|--------|--------------------------------------------|

|   | 17.1 |   | Effective                Date.                The Plan was approved by the Board as of April 11, 2006, but it will                only                become effective (the “Effective Date”) when it is approved by the                Company’s stockholders at the annual meeting of the Company’s stockholders                on June 21, 2006 or any adjournment thereof (the “2006 Annual Meeting”).                If this plan is not approved by the affirmative vote of the holders                of a                majority of the outstanding Shares of the Company present, or represented                by proxy, and entitled to vote, at the 2006 Annual Meeting in accordance                with the laws of the State of Delaware, this plan shall be void. |
|--------|------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 17.2 |   | Duration                of the Plan.                The Plan shall remain available for the grant of Awards until the                tenth                (10th) anniversary of the Effective Date. Notwithstanding the foregoing,                the Plan may be terminated at such earlier time as the Board may                determine. Termination of the Plan will not affect the rights and                obligations of the Participants and the Company arising under Awards                theretofore granted and then in effect. |
|--------|------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 18. |   | Right                to Terminate Employment.                Nothing in the Plan shall confer upon any Participant the right to                continue in the employment of the Company or any Affiliate or affect                any                right which the Company or any Affiliate may have to terminate employment                of the Participant. |
|-----|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 19. |   | Compliance                With Laws; Listing and Registration of Shares.                All Awards granted under the Plan (and all issuances of Stock or                other                securities under the Plan) shall be subject to all applicable laws,                rules                and regulations, and to the requirement that if at any time the Committee                shall determine that the listing, registration or qualification of                the                Shares covered thereby upon any securities exchange or under any                state or                federal law, or the consent or approval of any governmental regulatory                body, is necessary or desirable as a condition of, or in connection                with,                the grant of such Award or the issue or purchase of Shares thereunder,                such Award may not be exercised in whole or in part, or the restrictions                on such Award shall not lapse, unless and until such listing,                registration, qualification, consent or approval shall have been                effected                or obtained free of any conditions not acceptable to the Committee. |
|-----|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 20. |   | Conditions                and Restrictions Upon Securities Subject to Awards.                The Committee may provide that the Shares subject to or issued under                an                Award shall be subject to such further agreements, restrictions,                conditions or limitations as the Committee in its discretion may                specify                prior to the grant, vesting or settlement of such Award, including                without                limitation, conditions on vesting or transferability, forfeiture                or                repurchase provisions and method of payment for the Shares issued                upon                exercise, vesting or settlement of such Award (including the actual                or                constructive surrender of Shares already owned by the Participant)                or                payment of taxes arising in connection with an Award. Without limiting                the                foregoing, such restrictions may address the timing and manner of                any                resales by the Participant or other subsequent transfers by the                Participant of any Shares issued under an Award, including without                limitation (a) restrictions under an insider trading policy or pursuant                to                applicable law, (b) restrictions designed to delay and/or coordinate                the                timing and manner of sales by Participant and holders of other Company                equity compensation arrangements, and (c) restrictions as to the                use of a                specified brokerage firm for such resales or other transfers. |
|-----|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 21. |   | Withholding                Taxes.                The Company or an Affiliate shall be entitled to: (a) withhold and                deduct                from future wages of a Participant (or from other amounts that may                be due                and owing to a Participant from the Company or an Affiliate), including                all payments under this Plan, or make other arrangements for the                collection of (including through the sale of Shares otherwise issuable                pursuant to the applicable Award), all legally required amounts necessary                to satisfy any and all federal, state, local and foreign withholding                and                employment-related tax requirements attributable to an Award, including,                without limitation, the grant, exercise or vesting of, or payment                of                dividends with respect to, an Award or a disqualifying disposition                of                Common Stock received upon exercise of an Incentive Stock Option;                or (b)                require a Participant promptly to remit the amount of such withholding                to                the Company before taking any action with respect to an Award. To                the                extent specified by the Committee, withholding may be satisfied by                withholding Stock to be received upon exercise or vesting of an Award                or                by delivery to the Company of previously owned Stock. In addition,                the                Company may reasonably delay the issuance or delivery of Shares pursuant                to an Award as it determines appropriate to address tax withholding                and                other administrative matters. |
|-----|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 22. |   | Deferral                of Payments.                The Committee may, in an Award Agreement or otherwise, provide for                the                deferred delivery of Shares upon settlement, vesting or other events                with                respect to Restricted Stock, or in payment or satisfaction of an                Award of                Performance Shares or Performance Units. Notwithstanding anything                herein                to the contrary, in no event will any deferral of the delivery of                Shares                or any other payment with respect to any Award be allowed if the                Committee                determines, in its sole discretion, that the deferral would result                in the                imposition of the additional tax under Section 409A(1)(B) of the                Code. |
|-----|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 23. |   | No                Liability of Company.                The Company and any Affiliate which is in existence or hereafter                comes                into existence shall not be liable to a Participant, Beneficiary                or any                other person as to: (a) the non-issuance or sale of Stock as to which                the                Company has been unable to obtain, from any regulatory body having                jurisdiction over the matter, the authority deemed by the Company’s                counsel to be necessary to the lawful issuance and sale of any Shares                hereunder; (b) any tax consequence to any Participant, Beneficiary                or                other person due to the receipt, exercise or settlement of any Award                granted hereunder; or (c) any provision of law or legal restriction                that                prohibits or restricts the transfer of Shares issued pursuant to                any                Award. |
|-----|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 24. |   | Amendment,                Modification and Termination of the Plan.                The Board or Committee may at any time terminate, suspend or modify                the                Plan, except that the Board or Committee will not, without authorization                of the stockholders of the Company, effect any change (other than                through                adjustment for changes in capitalization as provided in Section 25)                which                will: |
|-----|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) |   | increase                the total amount of Stock which may be awarded under the Plan; |
|--------|-----|--------|----------------------------------------------------------------------------------------|

|   | (b) |   | increase                the individual maximum limits in Section 4.3; |
|--------|-----|--------|-----------------------------------------------------------------------|

|   | (c) |   | change                the class of Employees eligible to participate in the Plan; |
|--------|-----|--------|-----------------------------------------------------------------------------------|

|   | (d) |   | permit                any person, while a member of the Committee, to be eligible to participate                in the Plan; |
|--------|-----|--------|------------------------------------------------------------------------------------------------------------------------------|

|   | (e) |   | Intentionally                left blank. |
|--------|-----|--------|------------------------------------------|

|   | (f) |   | extend                the duration of the Plan; or |
|--------|-----|--------|----------------------------------------------------|

|   | (g) |   | otherwise                amend the Plan in any manner requiring stockholder approval by law. |
|--------|-----|--------|----------------------------------------------------------------------------------------------|

|   |   | No                termination, suspension, or modification of the Plan will adversely                affect                any right acquired by any Participant or any Beneficiary under an                Award                granted before the date of termination, suspension, or modification,                unless otherwise agreed to by the Participant; but it will be conclusively                presumed that any adjustment for changes in capitalization provided                for in                Section 25 does not adversely affect any right. |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 25. |   | Adjustment                for Changes in Capitalization.  |
|-----|--------|----------------------------------------------------------------|

|   | (a) |   | In                the event that the number of Shares shall be increased or decreased                through a reorganization, reclassification, combination of shares,                stock                split, reverse stock split, spin-off, dividend (other than regular,                quarterly cash dividends), or otherwise, then each Share that has                been                authorized for issuance under the Plan, whether such Share is then                currently subject to or may become subject to an Award under the                Plan, as                well as the per share limits set forth in Section 4, shall be                appropriately adjusted by the Committee to reflect such increase                or                decrease, unless the Company provides otherwise under the terms of                such                transaction. The terms of any outstanding Award shall also be adjusted                by                the Committee as to price, number of Shares subject to such Award                and                other terms to reflect the foregoing events. |
|--------|-----|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) |   | In                the event there shall be any other change in the number or kind of                outstanding Shares, or any stock or other securities into which such                Shares shall have been changed, or for which it shall have been exchanged,                whether by reason of a merger, consolidation or otherwise, then the                Committee shall, in its sole discretion, determine the appropriate                adjustment, if any, to be effected. In addition, in the event of                such                change described in this paragraph, the Committee may accelerate                the time                or times at which any Award may be exercised and may provide for                cancellation of such accelerated Awards that are not exercised within                a                time prescribed by the Committee in its sole                discretion. |
|--------|-----|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (c) |   | No                right to purchase fractional Shares shall result from any adjustment                in                Awards pursuant to this Section 25. In case of any such adjustment,                the                Shares subject to the Award shall be rounded down to the nearest                whole                Share. Notice of any adjustment shall be given by the Company to                each                Participant, which shall have been so adjusted and such adjustment                (whether or not notice is given) shall be effective and binding for                all                purposes of the Plan. |
|--------|-----|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|