Exhibit 10.1

# STORAGE TECHNOLOGY
CORPORATION AMENDED AND RESTATED 1987 EMPLOYEE STOCK
PURCHASE PLAN

# Amended as of March 6,
2003

1. Recitals. On
February 2, 1982, Storage Technology Corporation, a Delaware
                    corporation (together with its Subsidiary Corporations, hereinafter
referred to,                     unless the context otherwise requires, as the Company),
established                     the Storage Technology Corporation 1982 Employee Stock
Purchase Plan. Such plan                     was subsequently amended and restated by the
Board of Directors (the                     Board) on June 15, 1987 and
renamed the Storage Technology                     Corporation 1987 Employee Stock
Purchase Plan. Under the provisions of Paragraph                     19, the Company
reserved the power, through its Board of Directors, to amend the                     plan
from time to time, subject in certain instances to approval of the
                    Companys stockholders. Pursuant to that power, the plan was
amended and                     restated in its entirety on December 14, 1995 and was
approved by the                     stockholders of the Company on May 30, 1996. The plan
was further amended on                     September 23, 1997 and December 19, 1997, and
these amendments were approved by                     the stockholders of the Company on
May 21, 1998. The plan was further amended on                     September 16, 1999.
Stockholder approval was not required for the September 16,                     1999
amendments. The plan was further amended on March 8, 2001 and the
                    stockholders of the Company approved the amendment increasing the
number of                     shares reserved for issuance under the Plan on May 24,
2001. The Plan was again                     amended on March 6, 2003. The Storage
Technology Corporation 1987 Employee Stock                     Purchase Plan, as amended
and restated through March 6, 2003, is referred to as                     the 1987
Plan or the Plan.

2.  Purposes.  The
1987 Plan is intended to provide a method whereby employees                     of the
Company will have an opportunity to acquire a proprietary interest in the
                    Company through the purchase of shares of the $.10 par value voting
Common Stock                     of the Company (the Common Stock). It is the
intention of the                     Company to have the Plan qualify as an employee
stock purchase plan                    under Section 423 of the Internal Revenue
Code of 1986, as amended from time to                     time (the Code).
The provisions of the Plan shall, accordingly, be                     construed so as to
extend and limit participation in a manner consistent with                     the
requirements of that section of the Code.

3.  Definitions.

| | a. | Account means an Employees interest in the Segregated Account
               based on the contributions made thereto and the interest earned thereon.
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| | b. | Base Pay means, at the Employees election, either: (i) an
               Employees rate of base salary (before deduction for contributions to plans
               maintained pursuant to Sections 401(k) and 125 of the Code) in effect during the
               Offering Period, but EXCLUDING payments for overtime, shift premium, incentive
               compensation, bonuses, and other similar payments; or (ii) Employees rate
               of base salary (before deduction for contributions to plans maintained pursuant
               to Sections 401(k) and 125 of the Code) in effect during the Offering Period,
               EXCLUDING payments for overtime, shift premium, incentive compensation, bonuses,
               and other similar payments, but INCLUDING all payments for bonuses, incentive
               compensation and various forms of commissions. Base Pay shall also include
               payments for short-term disability.
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| | c. | Committee means the Compensation Committee of the Companys
               Board of Directors or such other committee as is designated by the Board of
               Directors to administer the Plan.
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| | d. | Employee means any person who is a Regular Employee (per CP-3-3-14)
               customarily employed for more than 20 hours per week and more than five months
               in a calendar year by Storage Technology Corporation or any Subsidiary
               Corporation.
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| | e. | Offering Commencement Date shall mean January 1, 1991 and each
               following November 1 and May 1 thereafter, unless otherwise specified by the
               Committee.
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| | f. | Offering Periods shall mean the period commencing January 1, 1991
               and ending October 31, 1991 and thereafter the periods commencing each November
               1 and May 1 and ending on the next following April 30 and October 31,
               respectively. The duration of Offering Periods may be changed pursuant to
               Paragraphs 5 and 21 of this Plan.
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| | g. | Offering Termination Date shall mean October 31, 1991 and each
               following April 30 and October 31 thereafter, unless otherwise specified by the
               Committee.
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| | h. | Segregated Accounts shall mean the depository accounts established
               by the Company and by Subsidiary Corporations for collection of Employee
               contributions to the Plan.
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| | i. | Subsidiary Corporation shall mean any present or future corporation
               which (i) would be a subsidiary corporation with respect to the Company as that
               term is defined in Section 425 of the Code, and (ii) is designated as a
               participant in the Plan by the Committee described in Paragraph 14.
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4.  Eligibility.

| | a. | Participation in the Plan is completely voluntary. An Employee will be
               eligible to become a participant in each Offering Period if employed by the
               Company on or before 15 days prior to the applicable Offering Commencement Date.
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| | b. | Any provision of the Plan to the contrary notwithstanding, no Employee shall
               be granted an option under the Plan:
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| | i. | if,
immediately after the grant, such                Employee would own stock, and/or hold
outstanding options to purchase stock, possessing 5% or more of the total combined voting
power or value of all classes of stock of the Company or of any Subsidiary Corporation
(for purposes of this Paragraph the rules of Section 425(d) of the Code shall apply in
determining stock ownership of any Employee); or
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| | ii. | if such option would permit his or her rights to purchase stock under all
                    employee stock purchase plans of the Company and its Subsidiary Corporations to
                    accrue at a rate that exceeds $25,000 of the fair market value of the stock
                    (determined at the time each option is granted) for each calendar year in which
                    such option is outstanding; or
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| | iii. | for shares in excess of 25,000 in respect of any Offering Period, provided that
                    this limitation is subject to increase or decrease by the Committee prior to the
                    commencement of any Offering Period in respect of such Offering Period.
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5.  Plan
Offerings.

| | a. | The Plan is authorized to issue a total of 15,200,000 shares of Common Stock.
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| | b. | The Plan will be implemented by consecutive Offering Periods, with a new
               Offering Period commencing on each Offering Commencement Date and ending on the
               next Offering Termination Date, or on such other dates as the Committee shall
               determine prior to the commencement of the relevant Offering Period, and
               continuing until terminated in accordance with Paragraph 19 hereof. The
               Committee shall have the power to change the duration of Offering Periods
               (including the commencement and termination dates thereof) with respect to
               future offerings without stockholder approval if such change is announced at
               least five (5) days prior to the scheduled beginning of the first Offering
               Period to be affected.
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| | c. | The Committee may determine in its sole discretion from time to time to fix a
               maximum number of shares of Common Stock of the Company, including any unsold
               balances from earlier Offering Periods (subject to adjustment upon changes in
               the capitalization of the Company in accordance with Paragraph 18 hereof) that
               shall be issued during any one Offering Period. If the Committee fixes a maximum
               number of shares per Offering Period, the maximum number of shares to be issued
               in respect of any Offering Period may from time to time be increased or
               decreased by the Committee prior to the commencement of the affected Offering
               Period within the limits of the total shares then available under the Plan.
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| | d. | Participation in any Offering Period under the Plan shall neither limit, nor
               require, participation in any other Offering Period (except as set forth in
               paragraphs 4(b)(i) and 4(b)(ii) hereof).
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6.  Participation.

| | a. | An eligible Employee may become a participant by enrolling and authorizing
               payroll deductions in the manner prescribed by the Company. The Company may
               authorize enrollment on an Interactive Voice Response system (IVR),
               a website on the Internet, or a paper enrollment form. The enrollment deadline
               established by the Company must precede the first day of the Offering Period for
               which the participant enrolls.
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| | b. | Payroll deductions for a participant shall commence on the first regular payday
               after an applicable Offering Commencement Date and shall end on the last regular
               payday before an Offering Termination Date unless sooner terminated by the
               participant as provided in Paragraph 11.
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7.  Payroll
Deductions.

| | a. | At the time a participant enrolls and authorizes payroll deductions, the
               participant shall elect to have deductions made from his or her Base Pay and
               deposited in a Segregated Account during the time the Employee is a participant
               in an Offering Period. Deductions can be made at the rate of 1, 2, 3, 4, 5, 6,
               7, 8, 9, or 10% of Base Pay.
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| | b. | All payroll deductions made for a participant shall be transferred to a
               Segregated Account as soon as practicable. For administrative convenience, the
               Company may offset amounts advanced by the Company to pay participant
               withdrawals pursuant to Paragraph 11 against amounts of payroll deductions
               otherwise payable into the Segregated Account. A participant may not make any
               separate cash payments into the Segregated Account. The Company shall maintain
               appropriate accounting records to reflect at all times the interest and total
               deductions of all participants in the Segregated Account.
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| | c. | A participant may discontinue participation in the Plan as provided in Paragraph
               11, but no other change can be made during an Offering Period and, specifically,
               a participant may not alter the rate of payroll deductions for that Offering
               Period.
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8.  Terms
and Conditions of Options.

| | a. | On the applicable Offering Commencement Date, when a participants
               authorization for a payroll deduction becomes effective, the participant shall
               be deemed to have been granted an option to purchase a maximum number of shares
               of Common Stock, subject to the limitations pursuant to Paragraph 4(b) above,
               equal to the lesser of: (a) the Option Price (as defined below) divided into the
               Employees total deductions under the Plan in respect of the Offering
               Period or (b) the Employees pro-rata share of all shares available for
               issuance under the Plan for that Offering Period, determined pursuant to
               Paragraph 13, below.
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| | b. | The option price per share (hereinafter Option Price) of Common
               Stock purchased with payroll deductions made during each Offering Period shall
               be the lesser of:
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| | i. | 85%
of the closing price per share of the Common Stock as quoted in The Wall
               Street Journal for the applicable Offering Commencement Date (or on the
next                business date on which shares of the Common Stock shall be traded on
the New                York Stock Exchange in the event that no shares of the Common
Stock shall have                been traded on the Offering Commencement Date); or
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| | ii. | 85%
of the closing price per share of the Common Stock as quoted in The Wall
               Street Journal for the applicable Offering Termination Date (or for the
next                preceding business date on which shares of the Common Stock shall be
traded on                the New York Stock Exchange in the event that no shares of the
Common Stock                shall have been traded on the Offering Termination Date).
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| | c. | The Committee may determine in its sole discretion from time to time to issue
               fractional shares under the Plan. If the Committee determines not to issue
               fractional shares, any accumulated payroll deductions that would have been used
               to purchase fractional shares shall be (i) automatically credited to each
               participants Account and applied towards his or her option to purchase
               shares in the next successive Offering Period, or (ii) returned to each
               participant promptly following the termination of the Offering Period, as may be
               determined by the Committee. Any accumulated payroll deductions that are in
               excess of the limitations of Paragraph 8(a), together with any net income of the
               Segregated Account allocable to each participant, and the amount referenced in
               item (ii) above, shall be returned to each participant promptly following the
               termination of an Offering Period.
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9.  Exercise
of Option.  Unless a participant withdraws in accordance with
                    Paragraph 11, his or her option to purchase Common Stock with payroll
deductions                     made during any Offering Period will be deemed to have
been exercised                     automatically on the applicable Offering Termination
Date, for the purchase of                     the number of full shares of Common Stock
that the accumulated payroll                     deductions will purchase at the
applicable Option Price (but not in excess of                     the number of shares
for which options have been granted to the participant                     pursuant to
Paragraph 8(a)), and any excess in his or her Account at that time
                    will be returned to the participant, together with any net income of
the                     Segregated Account allocable to his or her Account, as provided
in Paragraph 13.

10.  Delivery.  As
promptly as practicable after the Offering Termination Date of                     each
Offering Period, the Company will deliver to a broker designated by the
                    Committee or its designee to hold shares for the benefit of the
participants the                     shares of Common Stock purchased upon the exercise
of the participants                     option. As may be determined by the
Committee in its sole discretion from time                     to time, such shares shall
be delivered by physical certificates or by means of                     a book entry
system. A participant may instruct any such designated broker to                     sell
shares purchased upon exercise of the participants option at any
                    time, subject to applicable securities laws; provided, that the
Committee (i)                     may restrict a participants right to transfer
shares to another brokerage,                     institution, or any other person
(including the participant) during the initial                     24 months following
the Offering Commencement Date in which the shares were                     purchased,
and (ii) may determine that, for purposes of Section 423(a)(1) of the
                    Internal Revenue Code, the shares were sold if a participant
transfers shares to                     another brokerage or financial institution, or
any other person (including the                     participant) during the initial 24
months following the Offering Commencement                     Date in which shares were
purchased, unless the participant notifies the Company                     in writing
that a sale did not occur.

11.  Withdrawal
and Termination.

| | a. | Prior to the 15th day of the month before the applicable Offering Termination
               Date, any participant may withdraw payroll deductions and net earnings thereon
               credited to the participant by following the procedures specified by the Company
               for effecting a withdrawal. The Company may authorize withdrawal procedures on
               an Interactive Voice Response system (IVR), a website on the
               Internet, or a paper enrollment form. As promptly as practical after the
               participants withdrawal, the payment to the participant of all the
               participants payroll deductions credited to his or her account, together
               with any net earnings of the Segregated Account allocable to the
               participants Account shall be made. No further payroll deductions for such
               participant will be made during such Offering Period. The Company may, for
               administrative convenience, elect to pay to participants (or beneficiaries) the
               amount of any withdrawals and earnings thereon and may then offset the amount of
               any such payments against payroll deductions otherwise payable to the Segregated
               Account. The Company may, at its option, treat any attempt to borrow by a
               participant on the security of the accumulated payroll deductions allocated to
               the participants Account as an election under this Paragraph 11(a) to
               withdraw such amounts from the Segregated Account.
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| | b. | A
participants withdrawal from any Offering Period will not have any
                    effect upon eligibility to participate in any subsequent Offering
Period or in                     any similar plan that may hereafter be adopted by the
Company.
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| | c. | Upon
termination of the participants employment with the Company for any
                    reason (including retirement but excluding death or, in certain
cases,                     disability while in the employ of the Company) on or prior to
the last day of                     the last full payroll period preceding the last
regular payday in which                     contributions are credited to the participant
for the Offering Period, the                     payroll deductions credited to the
participant, together with any net earnings                     of the Segregated Account
allocable to his or her Account, will be returned to                     the participant,
or, in the case of a participants death subsequent to the
                    termination of employment, to the person or persons entitled thereto
under                     Paragraph 15. For purposes of the Plan, a participant shall be
considered                     disabled if the Company determines that the participant is
unable to perform the                     usual and customary requirements of his or her
job with the Company and will be                     unable to do so for at least six
months; provided, however, that such                     determination is subject to
review by the Committee at its discretion.
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| | d. | Upon
termination of the participants employment because of death or
                    disability prior to the Offering Termination Date, the participant or
the                     participants beneficiary (as defined in Paragraph 15) shall
have the right                     to elect, by written notice given to the Companys
General Counsel prior to                     the expiration of the period of 90 days
commencing on the date of death or                     disability of the participant, and
prior to the Offering Termination Date,                     either:
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| | i. | to withdraw all of the payroll deductions credited to the participant, together
                    with any net earnings of the Segregated Account allocable to his or her Account,
                    or
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| | ii. | to exercise the participants option to purchase of Common Stock for the
                    then current Offering Period on the Offering Termination Date for the purchase
                    of the number of full shares of Common Stock that the amount allocated to the
                    participants Account at the date of the participants death or
                    disability will purchase at the applicable Option Price, and any excess credited
                    to such Account will be returned to said participant or his or her beneficiary.
                    In the event that no such written notice of election shall be duly received by
                    the office of the Companys General Counsel within the required time
                    period, the participant or beneficiary shall automatically be deemed to have
                    elected to withdraw the payroll deductions credited to the participant, together
                    with the net earnings of the Segregated Account allocable to his or her Account
                    at the date of the participants death or disability, and the same will be
                    paid promptly to said participant or beneficiary. Notwithstanding the foregoing,
                    if a participants employment with the Company and any Subsidiary
                    Corporation terminates because of disability more than three months prior to the
                    Offering Termination Date, the provisions of this Paragraph 11(d) shall not
                    apply and the provisions of Paragraph 11(c) shall apply to such participant.
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12.  Income
and Accounting.

| | a. | Separate accounts shall not be established by the Company for Employees who
               participate in the Plan. The Employees payroll deductions shall be
               transferred to the Segregated Account as soon as practical after each pay period
               and credited to the participant.
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| | b. | Each participant shall share proportionately in the income and expense of the
               Segregated Account and any net income shall be taxable to the participant, who
               shall be responsible for paying any income or other taxes applicable thereto.
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13.  Stock.

| | a. | If the Committee, in its sole discretion, fixes a maximum number of shares that
               shall be made available for sale under the Plan during any Offering Period, such
               number of shares may be adjusted if less than the number of shares that may be
               specified by the Committee with respect to any Offering Period are purchased
               during any Offering Period. In such event, the number of shares not purchased in
               the Offering Period may be carried over and made available for sale under the
               Plan during any subsequent Offering Period. If the total number of shares
               subject to options that would otherwise be exercised on any Offering Termination
               Date in accordance with Paragraph 9 exceeds the maximum number of shares
               available for sale, subject to adjustment as aforesaid, the Company shall make a
               pro rata allocation of the shares available for delivery and distribution in as
               nearly a uniform manner as shall be practicable and as it shall determine to be
               equitable, and the balance of payroll deductions credited to each participant,
               together with the net earnings of the Segregated Account allocable thereto,
               shall be returned to him or her as promptly as possible.
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| | b. | A participant will have no interest in Common Stock covered by the
               participants option until such option has been exercised. Participants in
               the Plan shall have no rights as stockholders with respect to any shares covered
               by the Plan until the date of issue of a stock certificate to him or her for
               such shares. Except as otherwise expressly provided in the Plan or in the
               corporate action relating to such event, no adjustment shall be made for
               dividends or other rights for which the record date is prior to the date such
               stock certificate is issued.
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| | c. | Common Stock to be delivered to a participant under the Plan will be registered
               in the name of the participant. d. The Board of Directors may, in its
               discretion, require as conditions to the exercise of any option that the shares
               of Common Stock reserved for issuance upon the exercise of the option shall have
               been duly listed, upon official notice of issuance, upon the New York Stock
               Exchange, and that either:
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| | i. | Registration Statement under the Securities Act of 1933, as amended, with
                    respect to said shares shall have become effective, or
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| | ii. | the participant shall have represented in form and substance satisfactory to the
                    Company that it is the participants intention to purchase for investment
                    the shares being purchased under such option.
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14.  Administration.  The
Plan shall be administered by the Committee. The                     interpretation and
construction of any provision of the Plan or any Segregated                     Account
agreement and the adoption of rules and regulations for administering
                    the Plan shall be made by the Committee, subject, however, at all
times to the                     final concurrence of the Board of Directors of the
Company. Determinations made                     by the Committee and approved by the
Board of Directors with respect to any                     matter or provision contained
in the Plan shall be final, conclusive and binding                     upon the Company
and upon all participants, their heirs or legal                     representatives. Any
rules, regulations or interpretations adopted by the                     Committee shall
remain in full force and effect unless and until altered,                     amended, or
repealed by the Committee or the Board of Directors.

15.  Designation
of Beneficiary.  A participant may file with the Company,                     pursuant
to rules adopted by the Committee, a written designation of a
                    beneficiary who is to receive any Common Stock and/or cash pursuant
to the                     provisions of the Plan in the event of the participants
death. Such                     designation of beneficiary may be changed by the
participant at any time by                     written notice. Upon the death of a
participant and upon receipt by the Company                     of proof of the identity
and existence at the participants death of a                     beneficiary
validly designated by him under the Plan, the Company shall deliver
                    such Common Stock to such beneficiary and/or pay any cash in the
                    participants Account in the Segregated Account to the
beneficiary, as may                     be required under the provisions of Paragraph
11(d). In the event of the death                     of a participant and in the absence
of a beneficiary validly designated under                     the Plan who is living at
the time of such participants death, the Company                     shall cause
such cash to be paid to the person or persons or the entity duly
                    designated by the participant, as shown on the Companys
records, as his or                     her beneficiary for the proceeds of Company paid
life insurance. In the absence                     of such a beneficiary who is living at
the time of the participants death,                     the Company shall cause
such cash to be paid to the executor or administrator of                     the estate
of the participant, or if no such executor or administrator of the
                    estate has been appointed (to the knowledge of the Company), the
Company, in its                     discretion, may cause such cash to be paid to the
spouse or to any one or more                     dependents of the participant as the
Company may designate. No beneficiary                     shall, prior to the death of
the participant by whom he or she has been                     designated, acquire any
interest in the Common Stock or in amounts credited to                     the participants
Account.

16.  Transferability.  Neither
payroll deductions credited to a participant, nor                     earnings thereon,
nor any rights with regard to the exercise of an option or to                     receive
Common Stock under the Plan may be assigned, transferred, pledged, or
                    otherwise disposed of in any way by the participant otherwise than by
will or                     the laws of descent and distribution. Any such attempted
assignment, transfer,                     pledge or other disposition shall be without
effect, except that the Company may                     treat such act as an election to
withdraw funds in accordance with Paragraph 11.

17.  Ownership
of ESPP Assets.  All contributions paid into Segregated Accounts
                    shall be the property of the respective participants in the Plan and
the Company                     shall have no interest in such amounts while held in the
Segregated Account.

18.  

                     Effect of
Changes in Capital Structure.  If the outstanding shares of Common
                    Stock are changed into or exchanged for a different number or kind of
shares or                     other securities of the Company by reason of any
recapitalization,                     reclassification, stock split, stock dividend,
combination, or subdivision, or                     if the Company takes any other action
of a similar nature affecting such Common                     Stock (excluding, however,
any reorganization under the United States Bankruptcy                     Code), then the
number and class of shares of Common Stock that may thereafter                     be
optioned, or the rights assigned thereto (in the aggregate and to any
                    participant), shall be adjusted accordingly and, in the case of each
option                     outstanding at the time of any such action, the number and
class of shares that                     may thereafter be purchased pursuant to such
option and the Option Price shall                     be adjusted, in each case to such
extent and in such manner, if at all, as may                     be determined by the
Board upon the recommendations of the Committee, with the                     approval of
independent public accountants and counsel, to be necessary to
                    preserve unimpaired the rights of the holder of such option.

19.   Amendment or
Termination.  The Board of Directors of the Company may at any
                    time terminate or amend the Plan. No such termination can affect
options                     previously granted, nor may an amendment make any change in
any option                     theretofore granted without prior approval of the
stockholders of the Company if                     such approval is required under the
laws or regulations administered by the U.S.                     Treasury (including
Section 423 of the Code), the Securities and Exchange                     Commission
(including Rule 16b-3), any other agency of the U.S. Government, or
                    the New York Stock Exchange, or any other exchange or system on which
the                     Companys stock is then registered or traded.

20.  Notices. All
notices or other communications by a participant to the                     Company under
or in connection with the Plan shall be deemed to have been duly
                    given when received by the General Counsel of the Company.

21.   Dissolution, Merger
or Asset Sale.

| | a. | Dissolution or Liquidation. In the event of the proposed dissolution or
               liquidation of the Company, the Offering Period shall terminate immediately
               prior to the consummation of such proposed action, unless otherwise provided by
               the Board.
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| | b. | Merger or Asset Sale. In the event of a proposed sale of all or substantially
               all of the assets of the Company, or the merger of the Company with or into
               another corporation, each option under the Plan shall be assumed or an
               equivalent option shall be substituted by such successor corporation or a parent
               or subsidiary of such successor corporation, unless the Board determines, in the
               exercise of its sole discretion and in lieu of such assumption or substitution,
               to shorten the Offering Period then in progress by setting a new Offering
               Termination Date (the New Offering Termination Date) or to cancel
               each outstanding right to purchase and refund all sums collected from
               participants during the Offering Period then in progress. If the Board shortens
               the Offering Period then in progress in lieu of assumption or substitution in
               the event of a merger or sale of assets, the Board shall notify each participant
               in writing, at least ten (10) business days prior to the New Termination Date,
               that the Offering Termination Date for the option held by the participant has
               been changed to the New Offering Termination Date and that such option shall be
               exercised automatically on the New Offering Termination Date, unless prior to
               such date the participant has withdrawn from the Offering Period as provided in
               Paragraph 10 hereof. For purposes of this paragraph, an option granted under the
               Plan shall be deemed to be assumed if, following the sale of assets or merger,
               the option confers the right to purchase, for each share of option stock subject
               to the option immediately prior to the sale of assets or merger, the
               consideration (whether stock, cash or other securities or property) received in
               the sale of assets or merger by holders of Common Stock for each share of Common
               Stock held on the effective date of the transaction (and if such holders were
               offered a choice of consideration, the type of consideration chosen by the
               holders of a majority of the outstanding shares of Common Stock); provided,
               however, that if such consideration received in the sale of assets or merger was
               not solely common stock of the successor corporation or its parent (as defined
               in Section 424(e) of the Code), the Board may, with the consent of the successor
               corporation, provide for the consideration to be received upon exercise of the
               option to be solely common stock of the successor corporation or its parent
               equal in fair market value to the per share consideration received by holders of
               Common Stock and the sale of assets or merger.
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22.  Effective Date
of Offering Periods.  Offerings may commence under the Plan                     prior
to approval by the stockholders of any amendments or restatements under
                    Paragraph 19 above, but no Common Stock requiring stockholder
approval may be                     purchased hereunder unless and until the requisite
stockholder approval has been                     received.