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                                                                    Exhibit 10.5

                                DOVER CORPORATION
                        1995 INCENTIVE STOCK OPTION PLAN
                                       AND
                          1995 CASH PERFORMANCE PROGRAM
                     (AS AMENDED EFFECTIVE JANUARY 1, 2006)

                    A. PURPOSE AND SCOPE OF PLAN AND PROGRAM

     1. Purpose. The 1995 Incentive Stock Option Plan (the "Plan") and 1995 Cash
Performance Program (the "Program") are intended to promote the long-term
success of Dover Corporation by providing salaried officers and other key
employees of Dover Corporation and its subsidiaries, on whom major
responsibility for the present and future success of Dover Corporation rests,
with a long-range inducement to remain with the organization and to encourage
them to increase their efforts to make Dover Corporation successful. The term
"Corporation" shall mean Dover Corporation and any present or future corporation
which is or would be a "subsidiary corporation" of Dover Corporation as defined
in Section 424 of the Internal Revenue Code of 1986, as amended (the "Code"),
unless the context requires otherwise.

     2. Successor Plan and Program. The Plan and the Program are successors to
the 1984 Incentive Stock Option Plan and Cash Performance Program (hereinafter
the "Predecessor Plans"). No further grants of options or incentive awards may
be made under the Predecessor Plans. Options and incentive awards under the
Predecessor Plans shall be administered pursuant to the provisions of those
respective Plans.

     3. Administration. The Plan and the Program shall be administered and
interpreted by the Compensation Committee (or such other Committee of the Board
of Directors as the Board may designate if there is no Compensation Committee;
hereinafter the "Committee"), consisting of not less than three persons
appointed by the Board of Directors of the Corporation from among its members. A
person may serve as a Committee member provided he or she shall comply in all
respects with any qualifications required by law, including specifically being a
"disinterested person" for purposes of the rules promulgated under the
Securities Exchange Act of 1934, as amended (the "Exchange Act"), and an
"outside director" for purposes of Section 162(m) of the Code. The Committee
will have sole and complete authority to administer all aspects of the Plan and
the Program, including but not limited to: (a) determining the individuals
eligible to receive options and restricted stock under the Plan and/or to
participate in the Program; (b) granting options, restricted stock and
participations; (c) determining the number of options and the amount of
restricted stock and participations to be granted to any such eligible
individuals at any time or from time to time; (d) determining the terms and
conditions under which grants and participations will be made; and (e)
determining whether objectives and conditions for performance bonuses have been
met. The Committee may, subject to the provisions of the Plan and Program, from
time to time establish such rules and regulations as it deems appropriate for
the proper administration of the Plan and the Program. The Committee's decisions
shall be final, conclusive and binding with respect to the interpretation and
administration of the Plan and the Program and any grants or awards made
thereunder.

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     4. Eligibility. Grants may be made to any employee of the Corporation who
is a salaried officer or other key employee, including salaried members of the
Board of Directors (hereinafter sometimes referred to as "participants"). The
Committee shall select the participants eligible and determine the terms of the
grants and participations to each.

     5. Shares Available for Grant. 20,000,000 shares of Common Stock of Dover
Corporation (the "Common Stock") will be reserved for issuance upon exercise of
options to purchase Common Stock granted under the Plan, which options may be
granted at any time prior to January 30, 2005, and for awards of restricted
stock. These maximum numbers are subject to appropriate adjustment resulting
from future stock splits, stock dividends, recapitalizations, reorganizations
and other similar changes to be computed in the same manner as that provided for
in Paragraph 14 below. If any option or award of restricted stock granted under
the Plan expires, terminates or is canceled for any reason without having been
exercised in full, the number of unpurchased shares under such option or
restricted stock under such award will again be available for the purpose of the
Plan.

                             B. STOCK OPTION AWARDS

     6. Stock Options. Options granted under the terms of this Plan shall be
designated as either "non-qualified" stock options or "incentive" stock options
within the meaning of Section 422 of the Code, and shall contain such terms and
conditions as the Committee may from time to time determine, subject to the
following limitations:

          (a) Option Price. The fair market value of a share of Common Stock on
the date the option is granted shall be determined in good faith by the
Committee on the basis of such considerations as the Committee deems appropriate
from time to time, including, but not limited to, such factors as the closing
price for a share of Common Stock on such day (or, if such day is not a trading
day, on the next trading day) on the New York Stock Exchange (the "Exchange"),
the average of the closing bid and asked prices for a share of Common Stock on
the Exchange on the date the option is granted by the Committee or the average
of the high and low sales price of a share of Common Stock on the Exchange on
the date the option is granted by the Committee. The Committee shall be
authorized, in its discretion, to round the fair market value of a share of
Common Stock to the nearest whole number or quarterly fraction thereof.

          (b) Option Exercise Period. The term of each option will be for such
period as the Committee may determine, but in no event may an option be
exercised more than 10 years following the granting thereof.

          (c) Rights of Option Holder. A recipient of stock options shall have
no rights as a stockholder with respect to any shares issuable or transferable
upon exercise thereof until the date of issuance of a stock certificate for such
shares. Except as specifically set forth in Paragraph 14 below, no adjustment
shall be made for dividends or other distributions of cash or other property on
or with respect to shares of stock covered by these options paid or payable to
holders of record prior to such issuance.

          (d) Limits on Individuals. Options on a maximum number of 600,000
shares may be granted each year to a single participant. The aggregate fair
market value (determined on the date of grant) of Common Stock with respect to
which a participant is granted incentive stock options (including incentive
stock options granted under any Predecessor Plan) which first become exercisable
during any given calendar year shall not exceed $100,000.



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     7. Exercise of Option. Stock options may be exercised at such time or times
and subject to such terms and conditions as the Committee shall determine and
are specified in the option instrument, not inconsistent with the terms of the
Plan; provided, however, that except as set forth in Paragraphs 11, 14 and 36,
no option may be exercised prior to the third anniversary of such Option grant
and any partial exercise of an option shall be for not less than 500 shares. To
exercise an option, the option holder must give written notice to the
Corporation of the number of shares to be purchased accompanied by payment of
the full purchase price of such shares as set forth in Paragraph 8. The date of
actual receipt by the Corporation of such notice and payment shall be deemed the
date of exercise of the option with respect to the shares being purchased and
the stock certificates therefor shall be issued as soon as practicable
thereafter. The shares to be issued upon exercise of an option will be either
treasury or authorized and unissued stock, in the sole discretion of the
Corporation.

     8. Payment. Payment of the option exercise price must be made in full at
the time of exercise (a) by check made payable to the Corporation, (b) if
available, through the Loan Program (as hereinafter described), (c) by transfer
to the Corporation of shares of Common Stock owned by the participant or (d)
with a combination of the foregoing. If payment is made by the transfer of
shares, the value per share of the shares so transferred to the Corporation to
be credited toward the purchase price will be the average between the high and
the low sales price per share of Common Stock on the Exchange on the date the
option is exercised or, if no sales have occurred on that date, such value will
be the closing price per share on the Exchange on the next trading day following
the exercise of the option. The shares transferred to Dover will be added to the
Corporation's treasury shares or canceled and become authorized and unissued
shares.

     9. Option Transfers. The options granted under the Plan may not be sold,
transferred, hypothecated, pledged or otherwise disposed of by any of the
holders except by will or by the laws of descent and distribution, or as
otherwise provided herein. The option of any person to acquire stock and all
rights thereunder shall terminate immediately if the holder attempts to or does
sell, assign, transfer, pledge, hypothecate or otherwise dispose of the option
or any rights thereunder to any other person except as permitted herein.
Notwithstanding the foregoing, a participant may transfer any non-qualified
option granted under this Plan to members of the holder's immediate family
(defined as a spouse, children and/or grandchildren), or to one or more trusts
for the benefit of such family members if the instrument evidencing such option
expressly so provides and the option holder does not receive any consideration
for the transfer; provided that any such transferred option shall continue to be
subject to the same terms and conditions that were applicable to such option
immediately prior to its transfer (except that such transferred option shall not
be further transferred by the transferee during the transferee's lifetime).

     10. Registration. The Corporation will stamp stock certificates delivered
to the stockholder with an appropriate legend if the shares are not registered
under the Securities Act of 1933, as amended (the "Act"), or are otherwise not
free to be transferred by the holder and will issue appropriate stop-order
instructions to the transfer agent for the Common Stock, if and to the extent
such stamping or instructions may then be required by the Act or by any rule or
regulation of the Securities and Exchange Commission issued pursuant to the Act.



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     11. Effect of Death, or Permanent Disability or Retirement. If an option
holder dies or becomes permanently disabled while employed by the Corporation,
all options held by such option holder shall become immediately exercisable and
the option holder or such holder's estate or the legatees or distributees of
such holder's estate or of the option, as the case may be, shall have the right,
on or before the earlier of the respective expiration date of an option or sixty
(60) months following the date of such death or permanent disability, to
exercise any and all options held by such option holder as of such date of death
or permanent disability. If an option holder retires at or after age 62, the
option holder shall have the right, on or before the earlier of the expiration
date of the option or sixty (60) months following the date of such retirement,
to purchase shares under any options which at retirement are, or within sixty
(60) months following retirement would become, exercisable. If the employment of
an option holder is terminated for any reason other than the reasons specified
above or for "cause" (as defined below) and either (a) the employment is
terminated voluntarily by such option holder who has at least 10 years of
service with the Corporation (including service with any subsidiary corporation
of the Corporation while it is owned by the Corporation) and for whom such years
of service plus his or her age on the date of such termination equals at least
65, or (b) such option holder's employment with the Corporation is terminated
due to the sale of stock or assets of the subsidiary corporation (or line of
business) by which the option holder is employed and the option holder is so
employed by the subsidiary corporation through the date of such sale, then, in
either such case (each an "Early Retirement"), the option holder shall have the
right (subject to the provisions of Paragraph 37 below), on or before the
earlier of the expiration date of the option or twelve (12) months following the
date of such Early Retirement, to exercise, and acquire shares under, any
options which at such termination are, or within twelve (12) months following
such termination would become, exercisable.

     12. Voluntary or Involuntary Termination. If any option holder's employment
with the Corporation is voluntarily or involuntarily terminated for any reason,
other than for reasons or in circumstances specified above or for "cause" (as
defined below), the option holder shall have the right to purchase under the
option the number of shares, if any, which such holder was entitled to purchase
at the time of such termination at any time on or before the earlier of three
(3) months following the effective date of such termination of employment or the
expiration date of the option.

     13. Termination for Cause. If an option holder's employment with the
Corporation is terminated for cause (defined as (a) a felony conviction of the
option holder; (b) the commission by the option holder of an act of fraud or
embezzlement against the Corporation; or (c) the option holder's willful
misconduct or gross negligence materially detrimental to the Corporation), the
option shall be canceled and the holder shall have no further rights to exercise
any such option and all of such holder's rights thereunder shall terminate as of
the effective date of termination of employment.

     14. Effect of Stock Dividends, Merger, Recapitalization or Reorganization
or Similar Events. If any Common Stock dividend is paid by the Corporation, if
any non-cash distribution is made by the Corporation as respects its Common


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Stock, if the shares of Common Stock are split or reclassified, if the
Corporation should be reorganized or consolidated or merged with or into another
corporation, or if all or substantially all the assets of the Corporation are
transferred to any other corporation in a reorganization, each option holder
shall be entitled, upon exercise of such holder's option, to receive for the
same aggregate exercise price the same number and kind of shares of stock (to
the nearest whole number) as he or she would have been entitled to receive upon
the happening of such stock dividend, distribution, stock split,
reclassification, reorganization, consolidation, merger or transfer, if he or
she had been, immediately prior to such event, the holder of such shares.
Outstanding options shall be appropriately amended as to price and other terms
in a manner consistent with the aforementioned adjustment to the shares of
Common Stock subject to the Plan. The adjustments to be made pursuant to this
Paragraph 14 shall meet the requirements of Section 409A of the Code and the
regulations thereunder. The Board of Directors shall have the power, in the
event of any disposition of substantially all of the assets of the Corporation,
its dissolution, any merger or consolidation, or the merger or consolidation of
any other corporation into the Corporation, to amend all outstanding options to
permit their exercise prior to the effectiveness of any such transaction and to
terminate such options as of such effectiveness. If the Board of Directors shall
exercise such power, all options outstanding shall be deemed to have been
amended to permit the exercise thereof in whole or in part by the holder at any
time or from time to time as determined by the Board of Directors prior to the
effectiveness of such transaction and such options shall be deemed to terminate
upon such effectiveness.

     15. Loan Program. Except in unusual circumstances, it is the Corporation's
expectation that shares acquired through the exercise of options are to be held
by participants for the duration of their employment with the Corporation. In
order to help participants finance the exercise of their options and resulting
income taxes, if any, the Corporation may provide for loans to Plan participants
at any time and from time to time after May 1, 1995. If established by the
Board, any loan program will be administered by the Committee and may apply to
all existing unexercised options, with the exception of incentive options,
and/or all future option grants, as the Committee shall decide. The terms of any
loans shall be specified by the Committee, as they may deem appropriate,
provided that the following terms shall apply:

          (a) The maximum amount of any loan cannot be greater than the option
exercise price of the acquired stock, together with the amount of any taxes due
as a result of such exercise, and in any event cannot exceed the fair market
value of the acquired stock. In the event the participant chooses to satisfy all
or a portion of the option exercise price by surrender, at fair market value, of
other Common Stock already owned by the participant, the maximum amount of the
loan will be reduced by the value of the stock surrendered.

          (b) Loans will be evidenced by promissory notes having a term of not
more than ten (10) years, which notes shall be subject to further extension for
additional periods of time not exceeding ten (10) years at each such extension.
Prepayment of loan principal may not be required during the participant's
employment with the Corporation and/or subsidiaries. Repayment in full must be
made within one (1) month of termination of employment; however, this period is
extended to six (6) months if employment ceases due to death, permanent
disability or retirement. Loan prepayment may be made by the participant at the
participant's discretion but, once reduced, the loan may not be subsequently
increased.


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          (c) The Corporation shall have the right to hold as collateral all
stock acquired under a particular option instrument, regardless of the amount of
the loan, until the loan is fully repaid. Such stock will be registered in the
participant's name (or such other name as the Plan permits) so that the
participant may vote the stock and receive the dividends applicable thereto,
provided the loan is current.

          (d) The participant will be responsible for the full repayment of the
loan, regardless of the value of the stock. However, no additional collateral
for the loan will be required regardless of the fair market value of the stock.

          (e) Interest on the loan balance will be due quarterly, in arrears,
and will be at a sufficient rate so as not to result in any imputed income to
the participant under the terms of the Code.

     16. Change of Control. Options and grantees of options shall be subject to
the terms of Paragraph 36 below related to a change of control of the
Corporation.

                           C. RESTRICTED STOCK AWARDS

     17. Grant. Subject to the provisions and as part of the Plan, the Committee
shall have sole and complete discretion and authority to determine the eligible
persons who shall receive shares of Common Stock which are subject to certain
forfeiture restrictions during the restriction period and subject to the terms
of the Plan ("restricted stock"). Awards of restricted stock shall contain such
terms and conditions as the Committee may from time to time determine, subject
to the following limitations.

     18. Term of Restriction Period. The Committee may adopt such vesting
schedules, not longer than five (5) years from the date of the award, as it may
deem appropriate with respect to awards of restricted stock and may condition
the lapse of the restrictions applicable to an award upon the attainment by the
Corporation or any subsidiary or division or by the participant of any
performance objectives set by the Committee.

     19. Issuance of Shares. Certificates issued for restricted stock shall be
registered in the name of the participant and deposited by the participant with
the Secretary of the Corporation, together with a stock power endorsed in blank.
Upon lapse of the applicable restriction period, the Corporation shall deliver
such certificates to the participant. In the event that the shares of restricted
stock are forfeited, such shares automatically shall be transferred back to the
Corporation. The Corporation will stamp the stock certificates delivered to the
participant with an appropriate legend if the shares are not registered under
the Act, or are otherwise not free to be transferred by the participant and will
issue appropriate stop-order instructions to the transfer agent for the Common
Stock, if and to the extent such stamping or instructions may then be required
by the Act or by any rule or regulation of the Securities and Exchange
Commission issued pursuant to the Act.

     20. Dividends and Voting Rights. In the discretion of the Committee,
dividends which become payable with respect to restricted stock during the
restriction period will be reinvested in additional shares of restricted stock
for the account of the award recipient, accumulated for later distribution to
vested participants (in which case this treatment may be put in a separate


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agreement in order for such treatment not to be subject to Section 409A of the
Code), or distributed to the award recipient as paid. An employee who receives
an award of restricted stock may also in the discretion of the Committee be
entitled, during the restriction period, to exercise voting rights with respect
to such restricted stock.

     21. Nontransferability. Shares of restricted stock may not be sold,
assigned, transferred, pledged or otherwise encumbered and shall not be subject
to execution, attachment, garnishment or other similar legal process, except as
otherwise provided in the applicable award agreement. Upon any attempt to sell,
transfer, assign, pledge, or otherwise encumber or dispose of the restricted
stock contrary to the provisions of the award agreement or the Plan, the
restricted stock shall immediately be forfeited to the Corporation.

     22. Termination of Employment. In the case of a participant's permanent
disability, death, termination of employment by the Corporation other than for
cause (as defined in Paragraph 13 above) or special circumstances, as determined
by the Committee, any restrictions remaining with respect to shares of
restricted stock as of the date of the participant's termination of employment
shall lapse. If the participant's employment with the Corporation is terminated
as a result of (a) the retirement of the participant at or after age 62 or (b)
an early retirement approved by the Corporation's Chief Executive Officer and
subject to the provisions of Paragraph 37 below), then, in either case, the
shares of restricted stock shall continue to vest as if the participant's
employment had not terminated until such time as the remaining restrictions
lapse. If a participant's employment with the Corporation is voluntarily or
involuntarily terminated for any other reason during the restriction period, the
shares of restricted stock shall be forfeited.

     23. Effect of Stock Dividends, Merger, Recapitalization or Reorganization
or Similar Events. In the event of a stock dividend, merger, recapitalization,
reorganization or other transaction described in Paragraph 14 above, the terms
and conditions of the restricted stock awards shall be adjusted in a manner
consistent with adjustments made to options granted under the Plan.

     24. Change of Control. Awards of restricted stock and persons who are
awarded restricted stock shall be subject to the terms of Paragraph 36 below.

     25. Cancellation. The Committee may at any time, with due consideration to
the effect on the holder of Section 409A of the Code, require the cancellation
of any award of restricted stock in consideration of a cash payment or
alternative award under the Plan equal to the fair market value of the cancelled
award of restricted stock.

                           D. CASH PERFORMANCE AWARDS

     26. Awards and Period of Contingency. The Committee may, concurrently with,
or independently of, the granting of an option under the Plan, in its sole
discretion, grant to a participant the opportunity to earn a cash performance
payment, conditional upon the attainment of an objective pre-established
performance goal during a performance period. The performance period shall be
not less than three fiscal years of the Corporation, including the year in which
the conditional grant is made. Any performance goal established by the Committee
shall include an objective formula or standard for determining the amount of the


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performance payment payable to a participant if the goal is attained and shall
otherwise meet the requirements of Section 162(m) of the Code and the
regulations thereunder. The performance goal may be fixed by the Committee for
the Corporation as a whole or for a subsidiary or division of the Corporation,
depending on the Committee's judgment as to what is most appropriate for the
individual involved, and shall be set by the Committee not later than the 90th
day after the commencement of the period of services to which the performance
payment relates or by the time 25% of such period of services has elapsed.
Performance goals shall be based on at least one or more of the following
factors which the Committee deems appropriate, as they apply to the Corporation
as a whole or to a subsidiary or a division: (a) earnings per share, (b)
operating earnings, (c) return on equity and (d) return on investment. The
performance goal with respect to a performance period will be the same for all
persons within the same business unit. The material terms of the performance
goals shall be subject to stockholder approval to the extent provided in
regulations promulgated under Section 162(m) of the Code.

     27. Determination of Payment Amount. The aggregate maximum cash payout for
any business unit within the Corporation or the Corporation as a whole shall not
exceed a fixed percentage of the annual average earnings increase of the
relevant entity during the performance period, such percentages and dollar
amounts to be determined by the Committee annually when performance goals are
established. In no event can an individual receive an annual payment which
exceeds $2 million. A performance payment shall be payable with respect to a
performance period only if the Committee shall have certified that the
applicable performance target has been attained. The Committee shall also have
the power to approve proportional or adjusted payments under the Program to
address situations where participants join the Corporation, or transfer within
the Corporation, during a performance period. The Committee shall have the
discretion to decrease the amount payable upon attainment of the performance
goal (as determined under such formula or standard) to take into account the
effect of any unusual, non-recurring circumstance, but shall have the discretion
to increase the amount payable to take into account any such effect only if such
discretion would not cause such compensation to fail to qualify as "qualified
performance-based compensation" for purposes of Section 162(m) of the Code. Cash
performance awards shall be paid no later than March 15 of the year following
the year in which the Committee certifies that the performance criteria have
been met.

     28. Effect of Death, Disability or Other Early Termination of Employment.
If the participant in the Program (a) dies or (b) becomes permanently disabled
while employed by the Corporation, then, subject to the provisions of Paragraph
37 below, the participant (or the participant's estate or the legatees or
distributees of the participant's estate, as the case may be) shall be entitled
to receive on the payment date the cash payment which the participant would have
earned had the participant then been an employee of the Corporation, multiplied
by a fraction, the numerator of which is the number of months the participant
was employed by the Corporation during the performance measurement period and
the denominator of which is the number of months of the performance measurement
period (treating fractional months as whole months in each case). If the
participant in the Plan is the subject of an Early Retirement (as defined in
Paragraph 11) approved by the Corporation's Chief Executive Officer and such
Early Retirement occurs during the performance measurement period of one or more
cash performance awards held by such participant, then, subject to the
provisions of Paragraph 37 below, the participant shall be entitled to receive,
on the next date after such Early Retirement on which the Corporation pays any


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cash performance award amounts, the cash payment which the participant would
have earned had the participant then been an employee of the Corporation, and
all other cash performance awards held by such participant shall be canceled and
all of the participant's rights thereunder shall terminate as of the effective
date of such Early Retirement.

     29. Effect of Normal Retirement. If before the date of payment, the
participant retires on or after age 62, the participant shall be entitled to
receive on the payment date the same amount of cash which the participant would
have earned had such participant then been an employee of the Corporation as of
such date.

     30. Effect of Other Terminations of Employment.

          (a) General Termination. If a participant's employment with the
Corporation is terminated for any reason, whether voluntary, involuntary, or for
cause (as defined as Paragraph 13 above), other than those described in
Paragraphs 28 or 29 above or in Paragraph 30 (b) below, then his or her
participation shall be canceled and all of the participant's rights under the
grant shall terminate as of the effective date of the termination of such
employment.

          (b) Pre-Payment Termination. If, after the end of a performance
measurement period and before the date of payment or distribution of any final
award, a participant's employment is terminated, whether voluntarily or
involuntarily for any reason other than for cause (as defined in Paragraph 13
above), the participant shall be entitled to receive on the payment or
distribution date the cash payment which the participant would have earned had
the participant continued to be an employee of the Corporation as of the payment
or distribution date.

     31. Change of Control. The terms of a performance goal and each participant
in the Cash Performance Program shall be subject to the terms of Paragraph 36
below.

                             E. GENERAL PROVISIONS

     32. Legal Compliance. It is the intent of the Corporation that the Plan
comply in all respects with applicable provisions of the Exchange Act, including
Section 16 and Rule 16b-3, so that any grant of options or restricted stock to,
or other transaction by, a participant who is subject to the reporting
requirements of Section 16(a) of the Exchange Act shall not result in
short-swing profits liability under Section 16(b) (except for any transaction
exempted under alternative Exchange Act rules or intended by such participant to
be a non-exempt transaction). It is also the intent of the Corporation that any
compensation income realized in connection with options or restricted stock and
any performance payments made under the Plan and Program constitute
"performance-based compensation" within the meaning of Section 162(m)(4)(C) of
the Code so that any deduction to which the Corporation is entitled in
connection with such compensation will not be subject to the limitations of
Section 162(m)(1) of the Code. Accordingly, if any provision of the Plan or
Program or any agreement relating to an option, grant of restricted stock or
participation does not comply with the requirements of Rule 16b-3 as then
applicable to any such transaction so that such a participant would be subject
to Section 16(b) liability (except for any transaction exempted under
alternative Exchange Act rules or intended by such participant to be a
non-exempt transaction), or if any provision of the Plan or Program or any


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agreement relating to an option, grant of restricted stock or participation
would limit, under Section 162(m)(1) of the Code, the amount of compensation
income to an optionee or participant that the Corporation would otherwise be
entitled to deduct, such provision shall be construed or deemed amended to the
extent necessary to conform to such requirements, or to eliminate such
deductibility limitation, and the participant shall be deemed to have consented
to such construction or amendment.

     33. Withholding Taxes. The Corporation shall make arrangements for the
collection of any Federal, State or local taxes of any kind required to be
withheld with respect to any transactions effected under the Plan or the
Program. The obligations of the Corporation under the Plan and the Program shall
be conditional on satisfaction of such obligations and the Corporation, to the
extent permitted by law, shall have the right to deduct any such taxes from any
payment of any kind otherwise due to a participant. A participant shall be
solely responsible for any tax or other amounts payable with respect to amounts
included in participant's income under Section 409A of the Code in respect of
awards received under the Plan, including penalties or interest.

     34. Effect of Recapitalization or Reorganization. The obligations of the
Corporation with respect to an option or restricted stock granted under the Plan
or a participation under the Program shall be binding upon the Corporation, its
successors or assigns, including any successor or resulting company either in
liquidation or merger of the Corporation into another company owning all the
outstanding voting stock of the Corporation or in any other transaction whether
by merger, consolidation or otherwise under which such succeeding or resulting
company acquires all or substantially all the assets of the Corporation and
assumes all or substantially all its obligations unless options are terminated
in accordance with Paragraph 14.

     35. Employment Rights and Obligations. Neither the granting of any option
or award of restricted stock under the Plan or participation under the Program
nor the provisions related to a change of control of the Corporation (as defined
below) or a Person seeking to effect a change of control of the Corporation
shall alter or otherwise affect the rights of the Corporation to change any and
all the terms and conditions of employment of any participant including, but not
limited to, the right to terminate such participant's employment.

     36. Change of Control.

          (a) Each participant, upon acceptance of a grant of options or
restricted stock or the opportunity to earn a cash performance payment, and as a
condition to such grant, shall be deemed to have agreed that, in the event any
Person begins a tender or exchange offer, circulates a proxy to shareholders, or
takes other steps seeking to effect a change of control of the Corporation (as
defined below), such participant will not voluntarily terminate his or her
employment with the Corporation or with a direct or indirect subsidiary of the
Corporation, as the case may be, and, unless terminated by the Corporation or
such subsidiary, will continue to render services to the Corporation or such
subsidiary until such Person has abandoned or terminated efforts to effect a
change of control.

          (b) In the event of a change of control,


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               (i) all options to purchase shares of common stock of the
Corporation shall immediately vest and become exercisable in accordance with the
terms of the appropriate stock option agreement;

               (ii) all outstanding restrictions with respect to any restricted
stock shall immediately expire;

               (iii) with respect to performance awards under the Cash
Performance Program:

                    (A) all performance awards outstanding shall immediately
vest and become immediately due and payable;

                    (B) the performance measurement period of all performance
awards outstanding shall terminate on the last day of the month prior to the
month in which the change of control occurs;

                    (C) the participant shall be entitled to a cash payment the
amount of which shall be determined in accordance with the terms and conditions
of the Program and the appropriate program award agreement, which amount shall
be multiplied by a fraction, the numerator of which is the actual number of
months in the performance measurement period (as determined in accordance with
clause (iii)(B) above) and the denominator of which is 36 (or 48 if the
performance measurement period established at the date of grant is four years or
more); and

                    (D) the Continuing Directors (as defined in Article
Fourteenth of the Corporation's Certificate of Incorporation) shall promptly
determine whether the participant is entitled to any performance award, and any
performance award payable shall be paid to the participant promptly but in no
event more than five days after a change of control;

               (iv) the Continuing Directors shall have the sole and complete
authority and discretion to decide any questions concerning the application,
interpretation or scope of any of the terms and conditions of any grant or
participation under the Plan or the Program, and their decisions shall be
binding and conclusive upon all interested parties; and

               (v) other than as set forth above, the terms and conditions of
all grants and participations shall remain unchanged.

          (c) A "change of control" shall be deemed to have taken place upon the
occurrence of any of the following events (capitalized terms are defined below):

               (i) any Person is or becomes the Beneficial Owner, directly or
indirectly, of securities of the Corporation (not including in the securities
beneficially owned by such Person any securities acquired directly from the
Corporation or its Affiliates) representing 20% or more of either the then
outstanding shares of common stock of the Corporation or the combined voting
power of the Corporation's then outstanding securities, excluding any Person who
becomes such a Beneficial Owner in connection with a transaction described in
clause (A) of paragraph (iii) below; or


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               (ii) the following individuals cease for any reason to constitute
a majority of the number of directors then serving: individuals who, on February
1, 1995, constituted the Board and any new director (other than a director whose
initial assumption of office is in connection with an actual or threatened
election contest, including but not limited to a consent solicitation, relating
to the election of directors of the Corporation) whose appointment or election
by the Board or nomination for election by the Corporation's stockholders was
approved or recommended by a vote of at least two-thirds (2/3) of the directors
in office at the time of such approval or recommendation who either were
directors on February 1, 1995 or whose appointment, election or nomination for
election was previously so approved or recommended; or

               (iii) there is consummated a merger or consolidation of the
Corporation or any direct or indirect subsidiary of the Corporation with any
other corporation, other than (A) any such merger or consolidation after the
consummation of which the voting securities of the Corporation outstanding
immediately prior to such merger or consolidation continue to represent (either
by remaining outstanding or by being converted into voting securities of the
surviving entity or any parent thereof) at least 50% of the combined voting
power of the voting securities of the Corporation or such surviving entity or
any parent thereof outstanding immediately after such merger or consolidation,
or (B) any such merger or consolidation effected to implement a recapitalization
of the Corporation (or similar transaction) in which no Person is or becomes the
Beneficial Owner, directly or indirectly, of securities of the Corporation (not
including in the securities Beneficially Owned by such Person any securities
acquired directly from the Corporation or its Affiliates) representing 20% or
more of either the then outstanding shares of common stock of the Corporation or
the combined voting power of the Corporation's then outstanding securities; or

               (iv) the stockholders of the Corporation approve a plan of
complete liquidation or dissolution of the Corporation or there is consummated
an agreement for the sale or disposition by the Corporation of all or
substantially all of the Corporation's assets, other than a sale or disposition
by the Corporation of all or substantially all of the Corporation's assets to an
entity, at least 50% of the combined voting power of the voting securities of
which are owned by stockholders of the Corporation in substantially the same
proportions as their ownership of the Corporation immediately prior to such
transaction or series of transactions.

          (d) For purposes of this Paragraph 36, the following terms shall have
the meanings indicated:

               (i) "Affiliate" shall have the meaning set forth in Rule 12b-2
under Section 12 of the Exchange Act.

               (ii) "Beneficial Owner" shall have the meaning set forth in Rule
13d-3 under the Exchange Act, except that a Person shall not be deemed to be the
Beneficial Owner of any securities which are properly filed on a Form 13-G.

               (iii) "Exchange Act" shall mean the Securities Exchange Act of
1934, as amended from time to time.


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               (iv) "Person" shall have the meaning given in Section 3(a)(9) of
the Exchange Act, as modified and used in Sections 13(d) and 14(d) thereof,
except that such term shall not include (i) the Corporation or any of its
Affiliates, (ii) a trustee or other fiduciary holding securities under an
employee benefit plan of the Corporation or any of its Affiliates, (iii) an
underwriter temporarily holding securities pursuant to an offering of such
securities or (iv) a corporation owned, directly or indirectly, by the
stockholders of the Corporation in substantially the same proportions as their
ownership of stock of the Corporation.

               (v) To the extent deemed necessary or advisable by the Committee
to comply with the provisions of Section 409A of the Code, the Committee is
authorized to use the definition of "change in the ownership or effective
control of a corporation or a change in the ownership of a substantial portion
of the assets of the corporation" in Section 409A(a)(2)(A)(v) of the Code and
the regulations thereunder in lieu of the definition of "change in control" in
this Paragraph 36 with respect to all or a portion of options, restricted stock
awards or cash performance awards outstanding under the Plan.

     37. Non-compete. (a) Any Early Retirement taken by any participant and the
benefits thereof, as contemplated in Paragraphs 11, 22 and 28, unless such
benefits are waived in writing by the participant, shall be subject to the
provisions of this Paragraph 37. Any participant who is the beneficiary of any
such Early Retirement shall be deemed to have expressly agreed not to compete
with the Corporation or any subsidiary of the Corporation at which such
participant was employed at any time in the three years immediately prior to
termination of employment, as the case may be, in the geographic area in which
the Corporation or such subsidiary actively carried on business at the end of
the participant's employment there, for the period with respect to which such
Early Retirement affords the participant enhanced benefits, which period shall
be, (a) with respect to stock options, the additional period allowed the
participant for the vesting and exercise of options outstanding at termination
of employment, (b) with respect to restricted stock, the period remaining after
the participant's termination of employment until the end of the original
restriction period for such restricted stock, and (c) with respect to
performance awards under the Cash Performance Program, the period until the
payment date following the end of the last applicable performance period.

          (b) In the event that a participant shall fail to comply with the
provisions of this Paragraph 37, the Early Retirement shall be automatically
rescinded and the participant shall forfeit the enhanced benefits referred to
above and shall return to the Corporation the economic value theretofore
realized by reason of such benefits as determined by the Committee. If the
provisions of this Paragraph 37, or the corresponding provisions of a grant,
award or participation agreement, shall be unenforceable as to any participant,
the Committee may rescind the benefits of any Early Retirement with respect to
such participant.

          (c) If any provision of this Paragraph 37, or the corresponding
provisions of a grant, award or participation agreement, is determined by a
court to be unenforceable because of its scope in terms of geographic area or
duration in time or otherwise, the Corporation and the participant agree that
the court making such determination is specifically authorized to reduce the
duration and/or geographical area and/or other scope of such provision and, in
its reduced form, such provision shall then be enforceable; and in every case
the remainder of this Paragraph 37, or the corresponding provisions of a grant,
award or participation agreement, shall not be affected thereby and shall remain
valid and enforceable, as if such affected provision were not contained herein
or therein.



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     38. Interpretation. The Committee shall have the sole and complete
authority and discretion to decide any questions concerning the application,
interpretation or scope of any of the terms and conditions of the Plan and the
Program, of any stock option agreement, loan or restricted stock award agreement
entered into pursuant to the Plan, or of any participation under the Program,
and its decisions shall be binding and conclusive upon all interested parties.

     39. Amendment. Except as expressly provided in the next sentence, the Board
of Directors may amend the Plan or Program in any manner it deems necessary or
appropriate (including any of the terms, conditions or definitions contained
herein), or terminate the Plan and/or Program at any time prior to January 30,
2005; provided, however, that any such termination will not affect the validity
of any then outstanding options or restricted stock awards previously granted
under the Plan or outstanding participations under the Program, as the case may
be. Without the approval of the Corporation's stockholders, the Board cannot:
(a) increase the maximum number of shares covered by the Plan or change the
class of employees eligible to receive options or restricted stock awards; (b)
reduce the option price below the fair market value of the Common Stock on the
date of the option grant; or (c) extend beyond 120 months from the date of the
grant the period within which an option may be exercised.

     40. Effectiveness, and Termination of Plan. The Plan and the Program will
become effective on the date of their adoption by the Board of Directors,
subject to ratification of the adoption of the Plan and the Program by
affirmative vote of holders of a majority of the issued and outstanding shares
of Common Stock. The Plan and Program will both terminate on January 30, 2005
and no option or restricted stock award grant or participation grant, as the
case may be, may be made on or after such date. The amendments to the Plan
adopted November 3, 2005 and February 2, 2006 shall become effective January 1,
2006.

     41. Foreign Jurisdictions. The Committee may adopt, amend, and terminate
such arrangements, not inconsistent with the intent of the Plan and the Program,
as it may deem necessary or desirable to make available tax or other benefits of
the laws of foreign jurisdictions to participants who are subject to such laws.

     42. Governing Law. The Plan, the Program and all grants, options, awards
and payments made hereunder shall be governed by and interpreted in accordance
with the internal laws of the State of New York, without regard to conflicts of
law principles.


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