| 1. | NAME |
|----|------|

| 2. | PURPOSE |
|----|---------|

| 3. | DEFINITIONS |
|----|-------------|

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| 4. | TERM |
|----|------|

| 5. | LTTIP AWARD |
|----|-------------|

|   | A. | General |
|--------|----|---------|

|   | I. | The Committee shall, in its discretion, establish a list of Participants eligible to participate in the LTTIP for the Plan Period and shall grant to each Participant an LTTIP Award. |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | II. | With respect to each Participant, the Committee shall, in its discretion, designate whether such Participant is eligible to participate in the U.S. Bonus Pool, the Iceland Bonus Pool, or both such bonus pools. |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | B. | US Bonus Pool |
|--------|----|---------------|

|   | I. | Grant of Award Opportunity |
|--------|----|----------------------------|

|   | a. | With respect to each Participant designated by the Committee as eligible to participate in the US Bonus Pool, the Committee shall establish the maximum percentage of the US Bonus Pool in which such Participant may be awarded under the LTTIP (the “Target US Bonus Pool Award”). |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | b. | With respect to the US Bonus Pool, the Committee shall establish Performance Measures and the relative weighting for each Performance Measure and shall communicate such Performance Measures to the Participants. |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | c. | With respect to each Plan Year in the Plan Period, the Committee shall allocate the maximum percentage of each Participant’s Target US Bonus Pool Award which may be earned and paid out with respect to such Plan Year (the “Target US Bonus Pool Annual Allocation”). |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | II. | Award Determination |
|--------|-----|---------------------|

|   | a. | During the calendar year that begins immediately following the end of each Plan Year, the Committee will, based on the recommendations of, and in consultation with, the CEO, as well as the Committee’s independent analysis, determine in its discretion the extent to which Performance Measure goals have been met for the applicable Plan Year (including whether adjustments to such goals and/or actual results shallbe made).  In doing so, with respect to each Participant, the Committee will determine the percentage (which percentage may be less than or greater than 100%) of the Participant’s Target US Bonus Pool Annual Allocation earned for such Plan Year based on achievement of the Performance Measures for such Plan Year (the “Earned Annual US Bonus Pool Award”). |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | b. | The Committee shall have full and complete discretion, in light of considerations deemed appropriate by the Committee, to modify any Earned Annual US Bonus Pool Award to increase or decrease the amount otherwise payable hereunder; provided, however, any such increase shall not cause the sum of all Participants’ Earned Annual US Bonus Pool Awards in respect of all Plan Years to exceed the amount in the US BonusPool. |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | III. | Payment. |
|--------|------|----------|

|   | a. | Each Participant’s Earned Annual US Bonus Pool Award shall be paid in cash prior to April 1st of the calendar year that begins immediately after the end of the applicable Plan Year. |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | b. | In the event that a Participant’s employment with the Company or a Subsidiary is terminated prior to the end of the Plan Period due to the Participant’s death, Disability, Retirement, Termination Other than for Cause, Termination for Good Reason, or other reason approved by the Committee, such Participant will be paid a pro-rated portion of such Participant’s Target US Bonus Pool Award.  Thepro-rated portion payable to such Participant shall be determined by (x) multiplying such Participant’s Target US Bonus Pool Award by a fraction, the numerator of which is the number of months of such Participant’s employment by the Company or a Subsidiary during such Plan Period and the denominator of which is 36, and (y) subtracting the sum of the cash value of all Earned Annual US Bonus Pool Awards paid to such Participant prior to such Participant’s termination of employment; provided, however,that in no event shall the pro-rated portion payable to such Participant be less than zero. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | c. | A Participant shall forfeit all opportunity to receive payment of any unpaid Earned Annual US Bonus Pool Awards in the event of termination of his or her employment by the Company or a Subsidiary prior to the last day of the Plan Period for any reason other than death, Disability, Retirement, Termination Other than for Cause, Termination for Good Reason, or other reason approved by the Committee. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | C. | Iceland Bonus Pool |
|--------|----|--------------------|

|   | I. | Grant of Award Opportunity |
|--------|----|----------------------------|

|   | a. | With respect to each Participant designated by the Committee as eligible to participate in the Iceland Bonus Pool, the Committee shall establish the maximum percentage of the Iceland Bonus Pool in which such Participant may be awarded under the LTTIP (the “Target Iceland Bonus Pool Award”). |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | b. | With respect to the Iceland Bonus Pool, the Committee shall during the Plan Period, in its discretion, establish Performance Measures and attendant relative weighting for each Performance Measure. |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | c. | With respect to each Plan Year in the Plan Period, the Committee shall allocate the maximum percentage of each Participant’s Target Iceland Bonus Pool Award which may be earned and paid out with respect to such Plan Year (the “Target Iceland Bonus Pool Annual Allocation”). |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | II. | Award Determination |
|--------|-----|---------------------|

|   | a. | During the calendar year that begins immediately following the end of each Plan Year, the Committee will, based on the recommendations of, and in consultation with, the CEO, as well as the Committee’s independent analysis, determine in its discretion the extent to which Performance Measure goals have been met for the applicable Plan Year (including whether adjustments to such goals and/or actual results shallbe made).  In doing so, with respect to each Participant, the Committee will determine the percentage (which percentage may be less than or greater than 100%) of the Participant’s Target Iceland Bonus Pool Annual Allocation earned for such Plan Year based on achievement of the Performance Measures for such Plan Year (the “Earned Annual Iceland Bonus Pool Award”). |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | b. | The Committee shall have full and complete discretion, in light of considerations deemed appropriate by the Committee, to modify any Earned Annual Iceland Bonus Pool Award to increase or decrease the amount otherwise payable hereunder; provided, however, any such increase shall not cause the sum of all Participants’ Earned Annual Iceland Bonus Pool Awards in respect of all Plan Years to exceed the amount inthe Iceland Bonus Pool. |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | III. | Payment. |
|--------|------|----------|

|   | a. | With respect to the first Plan Year, commencing on January 1, 2009 and ending on December 31, 2009, each Participant’s Earned Annual Iceland Bonus Pool Award shall be paid in cash prior to April 1st of the calendar year that begins immediately after the end of the first Plan Year. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | b. | With respect to the second Plan Year, commencing on January 1, 2010 and ending on December 31, 2010, |
|--------|----|------------------------------------------------------------------------------------------------------|

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|   | (x) | 50% of each Participant’s Earned Annual Iceland Bonus Pool Award shall be paid in cash prior to April 1st of the calendar year that begins immediately after the end of the second Plan Year; and |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (y) | 50% of each Participant’s Earned Annual Iceland Bonus Pool Award shall be paid, in cash and/or in shares of common stock of the Company (“Common Stock”), in the Committee’s sole discretion, prior to April 1st of the calendar year that beginsimmediately after the end of the second Plan Year. |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | c. | With respect to the third Plan Year, commencing on January 1, 2011 and ending on December 31, 2011, each Participant’s Earned Annual Iceland Bonus Pool Award shall be paid, in cash and/or in Common Stock, in the Committee’s sole discretion, prior to April 1st of the calendar year that begins immediately after the end of thethird Plan Year. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | d. | In the event that a Participant’s employment with the Company or a Subsidiary is terminated prior to the end of the Plan Period due to the Participant’s death, Disability, Retirement, Termination Other than for Cause, Termination for Good Reason, or other reason approved by the Committee, such Participant will be paid a pro-rated portion of such Participant’s Target Iceland Bonus Pool Award.  Thepro-rated portion payable to such Participant shall be determined by (x) multiplying such Participant’s Target Iceland Bonus Pool Award by a fraction, the numerator of which is the number of months of such Participant’s employment by the Company or a Subsidiary during such Plan Period and the denominator of which is 36, and (y) subtracting the sum of the cash value of all Earned Annual Iceland Bonus Pool Awards paid to such Participant prior to such Participant’s termination of employment; provided,however, that in no event shall the pro-rated portion payable to such Participant be less than zero. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | e. | A Participant shall forfeit all opportunity to receive payment of any unpaid Earned Annual Iceland Bonus Pool Awards in the event of termination of his or her employment by the Company or a Subsidiary prior to the last day of the Plan Period for any reason other than death, Disability, Retirement, Termination Other than for Cause, Termination for Good Reason, or other reason approved by the Committee. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | IV. | Common Stock |
|--------|-----|--------------|

|   | D. | Change in Control |
|--------|----|-------------------|

|   | I. | Acceleration of Payments at Target Level. |
|--------|----|-------------------------------------------|

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|   | II. | Section 409A. |
|--------|-----|---------------|

|   | III. | Severance-Protection Agreements. |
|--------|------|----------------------------------|

|   | E. | Recoupment |
|--------|----|------------|

| 6. | ADMINISTRATION |
|----|----------------|

|   | A. | Each grant of an LTTIP Award shall be evidenced by an LTTIP Award Agreement, each of such agreements to be executed on behalf of the Company by an officer designated by the Committee and to be accepted by the Participant who receives such LTTIP Award.  Each such agreement shall state that the portion of the LTTIP Award to which it pertains is subject to all the terms and provisions of the LTTIP and, inthe event a portion of the LTTIP Award is settled in Common Stock, the Stock Incentive Plan, and shall have such terms as the Committee shall approve, consistent with the provisions of the LTTIP and, as applicable, the Stock Incentive Plan. |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | B. | The Committee, through the exercise of its discretion, has full power and authority to amend, modify, terminate, construe, interpret and administer the LTTIP, including, without limitation, the power and authority (i) to amend any LTTIP Award, (ii) to modify the currency in which any LTTIP Award may be paid (e.g., cash, equity, debt, or any combination thereof), and (iii) to decide that no LTTIP Award shall be paidat all.  Any interpretation of the LTTIP by the Committee or any action or decision by the Committee administering the LTTIP shall be final and binding on all Participants. |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | C. | In carrying out its duties hereunder the Committee may in its discretion (1) appoint such committees comprised of some or all of the members of the Committee, with such powers as the Committee shall in each case determine, (2) authorize one or more members of the Committee or any agent to execute or deliver any instrument or instruments in behalf of the Committee, and (3) employ such counsel, agents and other servicesas the Committee may require. |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | D. | Pursuant to the direction of the CEO, the Company shall follow such procedures as the CEO or the CEO’s designees deem necessary and appropriate to implement the provisions of the LTTIP. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7. | CHIEF EXECUTIVE OFFICER |
|----|-------------------------|

| 8. | ADDITION OF PARTICIPANTS AFTER BEGINNING OF PLAN PERIOD |
|----|---------------------------------------------------------|

| 9. | NON-ASSIGNABILITY |
|----|-------------------|

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| 10. | WITHHOLDING |
|-----|-------------|

| 11. | EMPLOYEE RIGHTS |
|-----|-----------------|

| 12. | SECTION 409A |
|-----|--------------|

|   | A. | The LTTIP is intended to comply with the provisions of Section 409A of the Code and shall be interpreted in a manner consistent with the requirements of such law to the extent applicable. |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | B. | Notwithstanding any provision of the LTTIP to the contrary, if a Participant is a “specified employee” (within the meaning of Treas. Reg. 1.409A-1(i) and determined pursuant to procedures adopted by the Company) at the time of separation from service, and if any portion of the payments to be received by such Participant under the LTTIP upon such Participant’s separation from service would be considereddeferred compensation under Section 409A of the Code, then each portion of such payments that would otherwise be payable pursuant to the LTTIP during the six-month period immediately following such Participant’s separation from service will instead be paid or made available on the earlier of (I) the first business day of the seventh month following the date the Participant incurs a separation from service, or (II) the Participant’s death. |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | C. | In addition, to the extent that a Participant’s benefits under the LTTIP are payable upon a termination of employment and if necessary to comply with Section 409A of the Code, a termination of employment shall not be deemed to have occurred for purposes of any provision of the LTTIP providing for the payment of any amounts upon or following a termination of employment unless such termination also constitutesa “separation from service” within the meaning of Section 409A of the Code, and notwithstanding anything contained herein to the contrary, the date on which such separation from service takes place shall be the termination date. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 13. | GOVERNING LAW AND VALIDITY |
|-----|----------------------------|

| /s/ Peter C. Jones                                   |
|------------------------------------------------------|
| Peter C. JonesChairman of the Compensation Committee |

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