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                                                                   EXHIBIT 10.50

                              INFOCURE CORPORATION

                          EMPLOYEE STOCK PURCHASE PLAN


                                   SECTION 1.
                                    PURPOSE

     The purpose of the InfoCure Corporation Employee Stock Purchase Plan (the
"Plan") is to promote the interests of the Company by providing the opportunity
to purchase Shares to Employees in order to attract and retain Employees by
providing an incentive to work to increase the value of Shares and a stake in
the future of the Company which corresponds to the stake of each of the
Company's shareholders.  The Plan is intended to be an "employee stock purchase
plan" as defined in Section 423 of the Internal Revenue Code of 1986, as amended
("Code").  The provisions of the Plan shall, accordingly, be construed so as to
comply with the requirements of Section 423 of the Code whenever possible.

                                   SECTION 2.
                                  DEFINITIONS

     2.1  "AMEX" means the American Stock Exchange or its successor.

     2.2  "Base Pay" means regular straight-time and overtime earnings received
from the Company, excluding payments for incentive compensation, bonuses and
other special payments.

     2.3  "BOARD" means the Board of Directors of InfoCure Corporation

     2.4  "COMMITTEE" means the Compensation Committee of the Board.

     2.5  "COMPANY" means InfoCure Corporation, a Delaware corporation, and any
successor to such organization.

     2.6  "CUSTODIAN" means such person or entity as the Committee shall
designate from time to time.

     2.7  "EFFECTIVE DATE" means January 1, 1998, or such other date as the
Board or the Committee shall so choose.  The Effective Date shall be subject to
shareholder approval pursuant to Section 17.

     2.8  "EXERCISE DATE" means the last day of a Purchase Period.

     2.9  "FAIR MARKET VALUE" means the closing "bid" price of the Shares in the
national securities market on which the Shares are traded, on the trading day
immediately preceding the day on which such value is to be determined or, if
such "bid" price is not available, the last sales price on such day or, if no
shares were traded on such day, on the next preceding day on which the Shares
were traded, as reported by AMEX or other reputable national quotation service.
If at any time the Shares are not traded on a national securities exchange, Fair
Market Value shall be the value determined by the Board of Directors or
Committee administering the Plan, taking into consideration those factors
affecting or reflecting value which they deem appropriate.
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     2.10  "HOLDING PERIOD" means a period of twelve (12) calendar months
beginning on the Exercise Date during which (i) Shares by a Participant under
the Plan may not be sold, traded, transferred, pledged or otherwise hypothecated
and (ii) such Shares are held by the Company in the Participant's account.
Notwithstanding the foregoing, the Holding Period shall lapse in the event of a
sale of all or substantially all of the Company's assets or a merger of the
Company with or into another corporation.

     2.11  "PARTICIPANT" means an employee of the Company or of a parent or
subsidiary of the Company who has enrolled in the Plan by completing a
Participation Form (as such term is defined in Section 5 hereof) with the Plan
Administrator.  The terms parent and subsidiary have the meanings set forth in
Code Sections 424(e) and (f), respectively.

     2.12  "PLAN ADMINISTRATOR" means such person or entity so designated by the
Board.

     2.13  "PURCHASE PERIOD" means a calendar quarter period, beginning on
January 1, April 1, July 1, or October 1, with the first such Purchase Period
beginning concurrently with the Effective Date of the Plan.

     2.14  "PURCHASE RIGHT" means a Participant's option to purchase shares of
Common Stock that is deemed to be granted to a Participant during a Purchase
Period pursuant to Section 7.

     2.15  "SECTION 16(B) INSIDER" means those persons subject to the
requirements of Section 16(b) of the Securities Exchange Act of 1934, as
amended.

     2.16  "SHARES" means the common stock, par value $0.001 per share, of
InfoCure Corporation, and any other stock or securities (including any other
share or securities of an entity other than InfoCure Corporation) for or into
which the outstanding shares of such common stock are hereinafter exchanged or
changed.

     2.17  "TRADING DAY" refers to a day during which AMEX is available for
trading the Shares.

                                   SECTION 3.
                                  ELIGIBILITY

     (a) Participation in the Plan is voluntary.  All employees of the Company
who work at least twenty (20) hours per week, including officers and directors
who are employees but who are not members of the Committee, are eligible to
participate in the Plan.  The employee's entry date in the Plan shall be the
first day of the Purchase Period immediately following the employee's first day
of employment by the Company.

     (b) Notwithstanding any provision of the Plan to the contrary, no employee
may participate in the Plan if prior to the grant of Purchase Rights or if
following a grant of Purchase Rights under the Plan, the employee would own,
directly or by attribution, stock, Purchase Rights or other options to purchase
stock representing five percent (5%) or more of the total combined voting power
or value of all classes of the Company's stock as defined in Code Section
423(b)(3).

                                   SECTION 4.
                         SECURITIES SUBJECT TO THE PLAN

     The maximum number of Shares which may be granted and purchased under the
Plan may not exceed one hundred thousand (100,000) Shares (subject to adjustment
as provided in Section 15), which may be authorized but unissued shares, re-
acquired shares or shares bought on the open market. If any Purchase Right
granted shall expire or terminate for any reason without having been exercised
in full, the unpurchased Shares shall again become available for purposes of the
Plan, unless the Plan has been terminated.

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                                   SECTION 5.
                                 PARTICIPATION

     Eligible employees become Participants in the Plan by completing a
"Participation Form," which either authorizes payroll deductions for the purpose
of participating in the Plan or indicates the employee's intent to participate
in the Plan by delivering a check to the Company at the end of a Purchase
Period, and filing such Participation Form with the Plan Administrator no later
than fifteen (15) days prior to the start date of a Purchase Period.

                                   SECTION 6.
        PAYROLL DEDUCTIONS AND ALTERNATIVE METHOD OF PAYMENT FOR SHARES

     (a) In order to purchase Shares, a Participant may elect and indicate on
the Participation Form an amount he or she wishes to authorize the Company to
deduct at regular payroll intervals during the Purchase Period, expressed either
as (1) an integral percentage amount ranging from one percent (1%) to fifteen
percent (15%) of such Participant's Base Pay for the applicable payroll period,
with a minimum deduction of $10.00 per payday during the Purchase Period, or (2)
a dollar amount to be deducted pro rata at regular payroll intervals during the
Purchase Period, with a minimum deduction of $10.00 per payday and a maximum
dollar amount per payday to be set by the Committee.  The Committee shall
determine from time to time whether method (1) or (2), or both, shall be
utilized.  The Participation Form will include authorization for the Company to
make payroll deductions from the Participant's Base Pay.  Alternatively, a
Participant may elect and indicate on the Participation Form an intent to
purchase Shares by delivery of a check to the Company at the end of the Purchase
Period.

     (b) In lieu of utilizing the payroll deduction method described in
subsection (a) above, a Participant may elect and indicate on the Participation
Form and intent to purchase Shares by delivery of a check to the Company at the
end of the Purchase Period.

     (c) Purchase Rights granted to a Participant under the Plan for any
calendar year may not represent Shares with a value in excess of twenty-five
thousand dollars ($25,000.00).  The $25,000.00 limit is determined based upon
the Fair Market Value of the Shares subject to a Purchase Right as of the first
day (the grant date) of the Purchase Period during which such Purchase Rights
are granted.  Participants will be notified if this limitation becomes
applicable to them.

     (d) The amounts deducted from the Participant's Base Pay shall be credited
to a bookkeeping account established in the Participant's name under the Plan,
but no actual separate account will be established by the Company to hold such
amounts. There shall be no interest paid on the balance credited to a
Participant's account.  Amounts deducted from the Participant's Base Pay may be
commingled with amounts deducted under the Plan for other Participants in a
separate account maintained by the Company.  The amounts in such account be used
for its general corporate purposes prior to the purchase of Shares during a
Purchase Period.

     (e) Payroll deductions shall begin on the first payday of each Purchase
Period, and shall end on the last payday of each Purchase Period.  A Participant
on an approved leave of absence may continue participating in the Plan by making
cash payments to the Company within a normal pay period equal to the amount of
the normal payroll deduction had the leave of absence not occurred. The right of
a Participant on an approved leave of absence to continue participating in the
Plan shall terminate upon the expiration of twelve (12) weeks of leave, unless
the Participant's right to re-employment by the Company after a longer leave is
guaranteed by statute or contract, in which case termination of the right to
participate will occur upon the expiration of such extended period.

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     (f) So long as a Participant remains an employee of the Company, payroll
deductions will continue in effect from Purchase Period to Purchase Period,
unless at least fifteen (15) calendar days prior to the first day of the next
succeeding Purchase Period the Participant:

        (i) elects a different rate by filing a new Participation Form with the
Plan Administrator; or

        (ii) withdraws from the Plan in accordance with Section 9 hereof.

                                   SECTION 7.
                            GRANT OF PURCHASE RIGHTS

     (a) Subject to the effective date provisions of Section 17, at 5:01 p.m.
Eastern Standard Time, on the last day of each Purchase Period (the Exercise
Date), each Participant who has not withdrawn from the Plan pursuant to Section
9 shall be deemed to have been granted a Purchase Right as of the first day of
the Purchase Period to purchase as many full and fractional Shares as can be
purchased with the balance credited to such Participant's account as of the
Exercise Date, or in the case of Participants who have indicated an intent to
purchase Shares by delivery of a check, the number of full and fractional Shares
having a Fair Market Value of six thousand two hundred fifty dollars
($6,250.00).

     (b) The price at which each Purchase Right to purchase Shares shall be
exercised is the lower of:

        (i) 85% of the Fair Market Value of the Shares on AMEX on the first
Trading Day of a Purchase Period; or

        (ii) 85% of the Fair Market Value of the Shares on AMEX on the last
Trading Day of such Purchase Period.

     (c) A Participant may not be granted a Purchase Right to purchase Shares
with a Fair Market Value exceeding six thousand two hundred fifty dollars
($6,250.00) for any particular Purchase Period. The Committee shall have the
power, exercisable at any time prior to the start of a Purchase Period, to
increase or decrease the dollar value maximum Purchase Right for that Purchase
Period, subject to the limitations set forth in Section 6(b). The maximum, as
thus adjusted, will continue in effect from Purchase Period to Purchase Period
until the Committee once again exercises its power to adjust the maximum.

                                   SECTION 8.
                          EXERCISE OF PURCHASE RIGHTS

     (a) Subject to the effective date provisions of Section 17, each
outstanding Purchase Right held by a Participant who has authorized payroll
deductions and not withdrawn from the Plan pursuant to Section 9 shall be deemed
automatically exercised as of 5:01 p.m. on the Exercise Date (the last day of
the Purchase Period). The exercise of the Purchase Right is accomplished by
applying the balance credited to each Participant's account as of the Exercise
Date to the purchase on the Exercise Date of whole and fractional Shares at the
purchase price in effect for the Purchase Period.

     (b) Purchase Rights of Participants who have indicated an intent to
purchase Shares by delivery of a check to the Company will not be deemed
automatically exercised, but will be deemed to be exercised as of 5:01 p.m. on
the Effective Date only upon delivery of a check to the Company covering the
purchase price for all or a designated portion of the Shares subject to the
Purchase Right within three (3) business days following the Exercise Date.  No
Participant shall be allowed to exercise a Purchase Right by delivery of a check
covering the price of a number of Shares having a Fair Market Value of less than
fifty dollars ($50.00).

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     (c) Any amount in a Participant's account not applied to the purchase of
Shares for a Purchase Period will be held for the purchase of Shares in the next
Purchase Period.

     (d) If the number of Shares for which Purchase Rights are exercised exceeds
the number of Shares available in any Purchase Period under the Plan, the Shares
available for exercise will be allocated by the Plan Administrator pro rata
among the Participants in such Purchase Period in proportion to the relative
amounts credited to their accounts. Any amounts not thereby applied to the
purchase of Shares under the Plan will be refunded to the Participants after the
end of the Purchase Period.

     (e) Shares purchased by a Participant will be held in the Participant's
account pursuant to the Plan for the duration of the twelve-month Holding Period
applicable to such Shares.  As promptly as practicable after completion of the
relevant Holding Period, the Company shall arrange for the delivery to the
Participant of a certificate representing the Shares purchased by the
Participant.  Notwithstanding anything herein to the contrary, in the event that
the Company agrees to a transaction described in Section 14 hereof, the Holding
Period applicable to any Shares shall automatically terminate and the Company
shall arrange for the delivery to the Participant of a certificate representing
the Shares purchased by the Participant.

                                   SECTION 9.
                 WITHDRAWAL AND TERMINATION OF PURCHASE RIGHTS

     (a) A Participant who has authorized payroll deductions or indicated an
intention to purchase Shares by delivering a check to the Plan Administrator
pursuant to Section 6(b) may withdraw from the Plan during a Purchase Period by
providing written notice to the Plan Administrator on or before 5:00 p.m. of the
last business day of such Purchase Period.  Such withdrawal will become
effective upon receipt by the Plan Administrator of such notice, payroll
deductions will cease as soon as is administratively feasible from the date of
such notice, and no additional payroll deductions will be made on behalf of such
Participant during the Purchase Period.  Such notice shall be on a form (the
"Withdrawal Form") provided by the Plan Administrator for that purpose. The
Withdrawal Form will permit a Participant to elect to receive all accumulated
payroll deductions as a refund without penalty or to exercise such Participant's
outstanding Purchase Rights to purchase Shares on the following Exercise Date in
the amount of all payroll deductions withheld during the Purchase Period prior
to the Participant's withdrawal.  In addition, any Participant who elects to
participate utilizing the provisions of Section 6(b) who fails to comply with
the requirements of Section 8(b) shall be deemed to have withdrawn from the
Plan.

     (b) Any Participant who withdraws from the Plan or is deemed to have
withdrawn from the Plan pursuant to Section 9(a) will not be eligible to
rejoin the Plan until the second Purchase Period following the Purchase Period
of withdrawal.  A Participant wishing to resume participation may re-enroll in
the Plan by completing and filing a new Participation Form for a subsequent
Purchase Period by following the applicable enrollment procedures.

     (c) If a Participant ceases to be an employee of the Company for any reason
during a Purchase Period, his or her outstanding Purchase Right will immediately
terminate, and all sums previously collected from such Participant during such
Purchase Period under the terminated Purchase Right will be refunded to the
Participant.

                                  SECTION 10.
                             RIGHTS AS SHAREHOLDER

     (a) A Participant shall not become a shareholder with respect to Shares to
be purchased during a Purchase Period until the Purchase Right has been
exercised on the Exercise Date.  Thus, a Participant shall

                                      -5-

<PAGE>
 
have no right to any dividend or distribution made prior to the Exercise Date on
Shares purchased during the Purchase Period.

     (b) The Custodian may impose upon, or pass through to, the Participant a
reasonable fee for the transfer of Shares in the form of stock certificates from
the Custodian to the Participant.  It is the responsibility of each Participant
to keep his or her address current with the Company through the Plan
Administrator and with the Custodian.

                                  SECTION 11.
                     SALE OF SHARES ACQUIRED UNDER THE PLAN

     (a) Participants may sell the Shares they acquire under the Plan only in
compliance with the restrictions set forth below:

         (i)   Section 16(b) Insiders may be subject to certain restrictions in
connection with their transactions under the Plan and with respect to the sale
of Shares obtained under the Plan, including, but not limited to, the Company's
Insider Trading Policy, as the same may exist from time to time.

         (ii)  Shares obtained under the Plan by a Participant must comply with
the Company's Insider Trading Policy, as the same may exist from time to time.

         (iii) No Participant purchasing Shares under the Plan shall be
entitled to sell such Shares prior to the expiration of the relevant Holding
Period, as defined in Section 2.10 hereof.  For purposes of this restriction,
the Company may, at its option, include the following legend on any certificates
representing the Shares so purchased:


     "The shares represented by this Certificate are subject to certain
     restrictions on sale and disposition contained in the InfoCure Corporation
     Employee Stock Purchase Plan, a copy of which is on file with the
     Corporation."

     (b) In order to insure compliance with the restrictions and requirements
herein, the Company may issue appropriate "stop transfer" instructions to its
transfer agent, if any, and, if the Company transfers its own securities, it may
make appropriate notations to the same effect in its own records.  By executing
the Participation Form, each Participant acknowledges and agrees to the
Company's rights described in this Section 11(b).

     (c) A Participant shall immediately inform the Plan Administrator in
writing if the Participant transfers any Shares purchased through the Plan
within two (2) years from the date of grant of the related Purchase Right. Such
transfer shall include disposition by sale, gift or other manner. The
Participant may be requested to disclose the manner of the transfer, the date of
the transfer, the number of Shares involved and the transfer price. By executing
the Participation Form, each Participant obligates himself or herself to provide
such information to the Plan Administrator and to abide by the absolute
prohibition on transferability of the Shares during the relevant Holding Period.

     (d) The Company is authorized to withhold from any payment to be made to a
Participant, including any payroll and other payments not related to the Plan,
amounts of withholding and other taxes due in connection with any transaction
under the Plan, and a Participant's enrollment in the Plan will be deemed to
constitute his or her consent to such withholding.

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                                  SECTION 12.
                              PLAN ADMINISTRATION

     (a) The Plan shall be administered by the Committee. No member of the Board
will be eligible to participate in the Plan during his or her period of
Committee service.

     (b) The Committee shall have the plenary power, subject to and within the
limited of the express provisions of the Plan:

        (i)  to determine the commencement and termination date of the offering
of Shares under the Plan; and

        (ii) to interpret the terms of the Plan, establish and revoke rules for
the administration of the Plan and correct or reconcile any defect or
inconsistency in the Plan.

     (c) The Committee may delegate all or part of its authority to administer
the Plan to the Plan Administrator, who may in turn delegate the day-to-day
operations of the Plan to the Custodian. The Custodian will establish and
maintain, as agent for the Participants, accounts for the purpose of holding the
Shares and/or cash contributions as may be necessary or desirable for the
administration of the Plan.

     (d) The Board may waive or modify any requirement that a notice or election
be made or filed under the Plan a specified period in advance in an individual
case or by adoption of a rule or regulation under the Plan, without the
necessity of an amendment to the Plan.

                                  SECTION 13.
                                TRANSFERABILITY

     (a) Any account maintained by the Custodian for the benefit of a
Participant with respect to shares acquired pursuant to the Plan may only be in
the name of the Participant; provided, however, that the Participant may elect
to maintain such account with right of joint ownership with such Participant's
spouse. Such election may only be made on a form (the "Joint Account Form")
provided by the Company.

     (b) Neither payroll deductions credited to a Participant's account nor any
Purchase Rights or other rights to acquire Shares under the Plan may be
assigned, transferred, pledged or otherwise disposed of by Participants other
than by will or the laws of descent and distribution and, during the lifetime of
a Participant, Purchase Rights may be exercised only by the Participant.

                                  SECTION 14.
                      MERGER OR LIQUIDATION OF THE COMPANY

     In the event the Company merges with another corporation and the Company is
not the surviving entity, or in the event all or substantially all of the stock
or assets of the Company is acquired by another company, or in the event of
certain other similar transactions, the Committee may, in its sole discretion
and in connection with such transaction, cancel each outstanding Purchase Right
and refund all sums previously collected from Participants under the canceled
outstanding Purchase Rights, or, in its discretion, cause each Participant with
outstanding Purchase Rights to have his or her outstanding Purchase Right
exercised immediately prior to such transaction and thereby have the balance of
his or her account applied to the purchase of whole and fractional Shares
(subject to the maximum dollar limitation of Section 7(c)) at the purchase price
in effect for the Purchase Period, which would be treated as ending with the
effective date of such transaction. The balance of the account not so applied
will be refunded to the Participant.  In the event of a merger in which the
Company is the surviving entity, each Participant is entitled to receive, for
each Share as to which such Participant's

                                      -7-
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outstanding Purchase Rights are exercised, as nearly as reasonably may be
determined by the Committee, in its sole discretion, the securities or property
that a holder of one Share was entitled to receive upon the merger.

                                  SECTION 15.
                    ADJUSTMENT FOR CHANGES IN CAPITALIZATION

     To prevent dilution or enlargement of the rights of Participants under the
Plan, appropriate adjustments may be made in the event any change is made to the
Company's outstanding common stock by reason of any stock dividend, stock split,
combination of shares, exchange of shares or other change in the Shares effected
without the Company's receipt of consideration. Adjustments may be made to the
maximum number and class of securities issuable under the Plan, the maximum
number and class of securities purchasable per outstanding Purchase Right and
the number and class of securities and price per share in effect under each
outstanding Purchase Right. Any such adjustments may be made retroactively
effective to the beginning of the Purchase Period in which the change in
capitalization occurs, and any such adjustment will be made by the Committee in
its sole discretion.

                                  SECTION 16.
                           AMENDMENT AND TERMINATION

     The Committee may terminate or amend the Plan at any time, subject to the
following restrictions.  First, the provisions of Sections 4, 5, 6, 7 and 8
which govern the formula for the automatic grant of Purchase Rights under the
Plan may not be amended more than once in any six (6) month period.  Second, any
termination or amendment made to the Plan may not affect or change Purchase
Rights previously granted under the Plan without the consent of the affected
Participant, and any amendment that materially increases the benefits or number
of Shares under the Plan (except for certain allowable adjustments in the event
of changes to the Company's capital structure or for changes authorized by the
Plan to be made by the Committee or the Plan Administrator) or materially
modifies the eligibility requirements of the Plan shall be subject to
shareholder approval.  If not sooner terminated by the Committee, the Plan shall
terminate at the time Purchase Rights have been exercised with respect to all
Shares reserved for grant under the Plan.

                                  SECTION 17.
                    SHAREHOLDER APPROVAL AND EFFECTIVE DATE

     The Plan is subject to the approval of shareholders of the Company holding
a majority of the shares of the Common Stock.

     The Plan shall be deemed to have been adopted as of the Effective Date upon
the date of its approval by the shareholders of the Company.  Until the Plan is
approved by the shareholders, no Purchase Rights shall be deemed granted or
exercised under Sections 7 and 8.  Upon approval of the Plan by the Company's
shareholders, Purchase Rights shall be deemed granted and exercised as of the
appropriate dates in the Plan as of the Effective Date, and Shares purchased
shall be deemed purchased as of the applicable Exercise Date.  In the event the
Plan is not approved by the shareholders on or before the date which is one year
from the Effective Date, the Plan shall be deemed not to have been adopted, and
all payroll deduction amounts withheld on behalf of Participants pursuant to
Section 6 shall be refunded to such Participants.

                                      -8-
<PAGE>
 
                                  SECTION 18.
                              NO EMPLOYMENT RIGHTS

     Participation in the Plan will not impose any obligations upon the Company
to continue the employment of the Participant for any specific period and will
not affect the right of the Company to terminate such person's employment at any
time, with or without cause.


                                  SECTION 19.
                                     COSTS

     Except as set forth in Section 10(b), costs and expenses incurred in the
administration of the Plan and the maintenance of accounts with the Custodian
may be shared by the Participant and the Company, to the extent provided in this
Section 19. Any brokerage fees and commissions for the purchase of Shares under
the Plan (including Shares purchased upon reinvestment of dividends and
distributions) will be shared equally by the Participant and the Company, but
any brokerage fees and commissions for the sale of Shares under the Plan by a
Participant will be borne by such Participant.

                                  SECTION 20.
                                    REPORTS

     After the close of each Purchase Period, each Participant in the Plan will
receive a report from the Custodian indicating the amount of the Participant's
contributions to the Plan during the Purchase Period, the amount of the
contributions applied to the purchase of Shares for the Purchase Period, the
purchase price per share in effect for the Purchase Period and the amount of the
contributions (if any) carried over to the next Purchase Period.

                                  SECTION 21.
                                 GOVERNING LAW

     The validity, construction and effect of the Plan and any rules and
regulations relating to the Plan will be determined in accordance with laws of
the State of Delaware, without giving effect to its principles of conflicts of
laws, and applicable federal law.

                                  SECTION 22.
                  COMPLIANCE WITH LEGAL AND OTHER REQUIREMENTS

     The Plan, the granting and exercising of Purchase Rights hereunder, and the
other obligations of the Company, the Plan Administrator and the Custodian under
the Plan will be subject to all applicable federal and state laws, rules, and
regulations, and to such approvals by any regulatory or governmental agency as
may be required. The Company may, in its discretion, postpone the issuance or
delivery of Shares upon exercise of Purchase Rights until completion of such
registration or qualification of such Shares or other required action under any
federal or state law, rule, or regulation, listing or other required action with
respect to any automated quotation system or stock exchange upon which the
Shares or other Company securities are designated or listed, or compliance with
any other contractual obligation of the Company, as the Company may consider
appropriate, and may require any Participant to make such representations and
furnish such information as it may consider appropriate in connection with the
issuance or delivery of Shares in compliance with applicable laws, rules, and
regulations, designation or listing requirements, or other contractual
obligations.

                                      -9-
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                                   SECTION 23.
                                 EFFECT OF PLAN

     The provisions of the Plan shall, in accordance with its terms, be binding
upon and inure to the benefit of, all successors of each employee participating
in the Plan, including, without limitation, such employee's estate and the
executors, administrators or trustees thereof, heirs and legatees, and any
receiver, trustee in bankruptcy or representative of creditors of such employee.

                                      -10-