Document:

ex4-1

Exhibit 4.1

DIGENE CORPORATION

AMENDED AND RESTATED 1999 INCENTIVE PLAN

Article I

Purpose

      The purpose of the 1999 Incentive Plan (the “Plan”) is to enable Digene
Corporation (the “Company”) to offer Employees of the Company and its
Subsidiaries equity interests in the Company and options to acquire equity
interests in the Company, thereby helping to attract, retain and reward such
persons and strengthen the mutuality of interests between such persons and the
Company’s stockholders.

Article II

Definitions

      For purposes of the Plan, the following terms shall have the following
meanings:

      2.1      “Award” shall mean an award under the Plan of a Stock Option,
Restricted Stock or Unrestricted Stock.

      2.2      “Board” shall mean the Board of Directors of the Company.

      2.3      “Change of Control” shall mean (a) the reorganization, consolidation
or merger of the Company or any of its Subsidiaries holding or controlling a
majority of the assets relating to the business of the Company, with or into
any third party (other than a Subsidiary); (b) the assignment, sale, transfer,
lease or other disposition of all or substantially all of the assets of the
Company and its Subsidiaries taken as a whole; or (c) the acquisition by any
third party or group of third parties acting in concert, of beneficial
ownership (within the meaning of Rule 13d-3 of the Securities and Exchange
Commission (“SEC”) under the Securities Exchange Act of 1934, as amended) of
shares of voting stock of the Company, the result of which in the case of any
transaction described in clauses (a), (b) and (c) above is that immediately
after the transaction the stockholders of the Company immediately before the
transaction, other than the acquiror, own less than fifty percent (50%) of the
combined voting power of the outstanding voting securities entitled to vote
generally in the election of directors of the surviving or resulting
corporation in a transaction specified in clause (a) above, the acquiror in a
transaction specified in clause (b) above, or the Company or the acquiror in a
transaction specified in clause (c) above.

      2.4      “Code” shall mean the Internal Revenue Code of 1986, as amended.

      2.5      “Committee” shall mean the Compensation Committee of the Board, or any
other committee of the Board designated by the Board to administer this Plan,
with any such Committee consisting of two or more members of the Board.

      2.6      “Common Stock” shall mean the Common Stock, par value $0.01 per share,
of the Company.

 

      2.7      “Disability” shall mean a disability that results in a Participant’s
Termination of Employment with the Company or a Subsidiary, as determined
pursuant to standard Company procedures.

      2.8      “Effective Date” shall mean the date on which the Plan is
adopted by the Board.

      2.9      “Employee” shall mean any person engaged or proposed to be engaged as
an officer or employee of the Company or one of its Subsidiaries; provided,
however, that in the case of an Incentive Stock Option, the term “Employee”
shall mean any employee of the Company or of a “subsidiary corporation” (within
the meaning of Section 424(f) of the Code) of the Company.

      2.10     “Fair Market Value” for purposes of the Plan, unless otherwise
required by any applicable provision of the Code or any regulations issued
thereunder, shall mean with respect to the Common Stock on any day, (i) the
closing sales price (or other exchange-designated daily sales price) on the
immediately preceding business day of a share of Common Stock as reported on
the principal securities exchange on which shares of Common Stock are then
listed or admitted to trading, or (ii) if not so reported, the closing sales
price (or other Nasdaq-designated daily sales price) on the immediately
preceding business day of a share of Common Stock as published in the Nasdaq
National Market Issues report in the Eastern Edition of The Wall Street
Journal, or (iii) if not so reported, the average of the closing (or other
designated) bid and asked prices on the immediately preceding business day as
reported on the Nasdaq National Market System, or (iv) if not so reported, as
furnished by any member of the National Association of Securities Dealers, Inc.
selected by the Committee. In the event that the price of a share of Common
Stock shall not be so reported or furnished, the Fair Market Value of a share
of Common Stock shall be determined by the Committee in good faith. A
“business day” is any day, other than Saturday or Sunday, on which the relevant
market is open for trading.

      2.11     “Incentive Stock Option” shall mean any Stock Option awarded under
the Plan to an Employee that is intended to be and designated as an “Incentive
Stock Option” within the meaning of Section 422 of the Code.

      2.12     “Non-Qualified Stock Option” shall mean any Stock Option granted
under the Plan that is not an Incentive Stock Option.

      2.13     “Participant” shall mean an Employee to whom an Award has been
granted.

      2.14     “Reporting Person” shall mean a Participant who is subject to the
reporting requirements of Section 16 of the Securities Exchange Act of 1934, as
amended and the regulations promulgated thereunder.

      2.15     “Restricted Stock” shall mean an Award granted pursuant to Section
7.1 hereof, subject to such restrictions as the Committee may determine, as
evidenced in a Restricted Stock Agreement. Shares of Common Stock shall cease
to be Restricted Stock when, in accordance with the terms of the Restricted
Stock Agreement, they become transferable and free of risk of forfeiture.

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      2.16     “Restricted Stock Agreement” shall mean the agreement evidencing the
grant of Restricted Stock to an Employee pursuant to this Plan.

      2.17     “Restriction Period” shall have the meaning set forth in Section
7.2(c).

      2.18     “Stock Option” or “Option” shall mean any option to purchase shares
of Common Stock granted pursuant to Article VI hereof.

      2.19     “Subsidiary” shall mean any subsidiary of the Company, 50% or more of
the voting stock of which is owned, directly or indirectly, by the Company,
that is currently existing as of the Effective Date or formed or acquired by
the Company while any Award is outstanding under the Plan.

      2.20     “Termination of Employment” shall mean a termination of employment
with the Company and all of its Subsidiaries for reasons other than a military
or personal leave of absence granted by the Company or any Subsidiary.

      2.21     “Unrestricted Stock” shall mean Common Stock granted under Section
7.3 hereof.

      2.22     “Unrestricted Stock Agreement” shall mean the agreement evidencing
the grant of Unrestricted Stock to an Employee pursuant to this Plan.

Article III

Administration

      3.1      The Committee. The Plan shall be administered and interpreted by the
Committee.

      3.2      Awards. Except as set forth in Section 3.3, the Committee shall have
full authority to grant, pursuant to the terms of the Plan, Stock Options,
Restricted Stock and Unrestricted Stock to persons eligible under Article V.
In particular, the Committee shall have the authority:

                 (a)      to select the persons to whom Stock Options, Restricted Stock and
Unrestricted Stock may from time to time be granted;

                 (b)      to determine whether and to what extent Incentive Stock Options,
Non-Qualified Stock Options, Restricted Stock and Unrestricted Stock, or any
combination thereof, are to be granted to one or more persons eligible to
receive Awards under Article V;

                 (c)      to determine the number of shares of Common Stock to be covered by
each Award granted hereunder; and

                 (d)      to determine the terms and conditions, not inconsistent with the terms
of the Plan, of any Award granted hereunder (including, but not limited to, the
option price, the option term, and provisions relating to any restriction or
limitation, any vesting schedule or acceleration, or any forfeiture
restrictions or waiver provisions of the Award), and any conditions (in
addition to those contained in this Plan) on the exercisability of all or any
part of an Option or on the transferability or forfeitability of Restricted
Stock. Notwithstanding any

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such conditions, the Committee may, in its discretion at any time,
accelerate the time at which any Option may be exercised or the time at which
Restricted Stock may become transferable or nonforfeitable.

      3.3      Awards to Reporting Persons. In the case of Reporting Persons, the
Board shall have full authority to grant, pursuant to the terms of the Plan,
Stock Options, Restricted Stock and Unrestricted Stock Awards to Reporting
Persons eligible under Article V. The Board shall have all rights and powers
of the Committee set forth in this Plan with respect to the granting of such
Awards.

      3.4      Guidelines. Subject to Article VIII hereof, the Committee shall have
the authority to adopt, alter and repeal such administrative rules, guidelines
and practices governing the Plan as it shall, from time to time, deem
advisable; to interpret the terms and provisions of the Plan and any Award
granted under the Plan (and any agreements relating thereto); and to otherwise
supervise the administration of the Plan. The express grant in the Plan of any
specific power to the Committee shall not be construed as limiting any other
power or authority of the Committee. The Committee may correct any defect,
supply any omission or reconcile any inconsistency in the Plan or in any Award
in the manner and to the extent it shall deem necessary or advisable to carry
out the purposes of the Plan. Notwithstanding the foregoing, no action of the
Committee under this Section 3.4 shall impair the rights of any Participant
without the Participant’s consent, unless otherwise required by law.

      A majority of the entire Committee shall constitute a quorum, and the
action of a majority of the members present at any meeting at which a quorum is
present shall be deemed the action of the Committee. In addition, any decision
or determination reduced to writing and signed by all of the members of the
Committee shall be fully as effective as if it had been made by a majority vote
at a meeting duly called and held. Subject to the provisions of this Plan and
the Company’s Bylaws, and to any terms and conditions prescribed by the Board,
the Committee may make such additional rules and regulations for the conduct of
its business as it shall deem advisable. The Committee shall hold meetings at
such times and places as it may determine.

      3.5      Decisions Final. Any decision, interpretation or other action made or
taken in good faith by the Committee arising out of or in connection with the
Plan shall be final, binding and conclusive on the Company, all Participants
and their respective heirs, executors, administrators, successors and assigns.

Article IV

Share Limitation

      4.1      Shares. The maximum aggregate number of shares of Common Stock that
may be issued under the Plan is 2,000,000 (subject to increase or decrease
pursuant to Section 4.3), which may be either authorized and unissued shares of
Common Stock or authorized and issued shares of Common Stock reacquired by the
Company. If any Option granted under the Plan shall expire, terminate or be
canceled for any reason without having been exercised in full, the number of
shares of Common Stock not purchased under such Option shall again be available
for the purposes of the Plan. Further, if any shares of Restricted Stock are
forfeited, the shares subject to such Award, to the extent of such forfeiture,
shall again be available under the Plan.

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      4.2      Individual Limit. No Employee may be granted Awards covering more
than 500,000 shares of Common Stock (subject to increase or decrease pursuant
to Section 4.3) during any calendar year.

      4.3      Changes. In the event of any merger, reorganization, consolidation,
recapitalization, dividend (other than a regular cash dividend), stock split,
or other change in corporate structure affecting the Common Stock, such
substitution or adjustment shall be made in the maximum aggregate number of
shares which may be issued under the Plan, the maximum number of shares with
respect to which Awards may be granted to any individual during any year, the
number and option price of shares subject to outstanding Options, and the
number of shares subject to other outstanding Awards, as may be determined to
be appropriate by the Committee, in its sole discretion, provided that the
number of shares subject to any Award shall always be a whole number.

Article V

Eligibility

      5.1      Awards to Employees. All officers and other Employees of the Company
and its Subsidiaries are eligible to be granted Incentive Stock Options,
Non-Qualified Stock Options, Restricted Stock and Unrestricted Stock under the
Plan. A Director who is an Employee of the Company or a Subsidiary shall be
eligible to receive Awards pursuant to this Article V.

Article VI

Stock Options

      6.1      Options. Each Stock Option granted under the Plan shall be either an
Incentive Stock Option or a Non-Qualified Stock Option.

      6.2      Grants. Except as set forth in Section 3.3, the Committee shall have
the authority to grant to any person eligible under Section 5.1 one or more
Incentive Stock Options, Non-Qualified Stock Options, or both types of Stock
Options. To the extent that any Stock Option does not qualify as an Incentive
Stock Option (whether because of its provisions or the time or manner of its
exercise or otherwise), such Stock Option or the portion thereof which does not
qualify as an Incentive Stock Option shall constitute a separate Non-Qualified
Stock Option.

      6.3      Incentive Stock Options. Anything in the Plan to the contrary
notwithstanding, no term of the Plan relating to Incentive Stock Options shall
be interpreted, amended or altered, nor shall any discretion or authority
granted under the Plan be exercised, so as to disqualify the Plan under Section
422 of the Code, or, without the consent of the Participants affected, to
disqualify any Incentive Stock Option under such Section 422 of the Code.

      6.4      Terms of Options. Options granted under the Plan shall be subject to
the following terms and conditions and shall contain such additional terms and
conditions, not inconsistent with the terms of the Plan, as the Committee shall
deem desirable:

                 (a)      Stock Option Certificate. Each Stock Option shall be evidenced by,
and subject to the terms of, a Stock Option Certificate evidencing the Stock
Option grant. The Stock Option Certificate shall specify whether the Option is
an Incentive Stock Option or a Non-Qualified Stock Option, the number of shares
of Common Stock subject to the Stock

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Option, the option price, the option term, and the other terms and
conditions applicable to the Stock Option.

                 (b)      Option Price. Subject to subsection (m) below, the option price per
share of Common Stock purchasable upon exercise of a Stock Option shall be
determined by the Committee at the time of grant, but, if the Stock Option is
intended to be an Incentive Stock Option, shall be not less than 100% of the
Fair Market Value of the Common Stock on the date of grant.

                 (c)      Option Term. Subject to subsection (m) below, the term of each Stock
Option shall be fixed by the Committee at the time of grant, but no Stock
Option shall be exercisable more than ten years after the date it is granted.

                 (d)      Exercisability. Stock Options shall be exercisable at such time or
times and subject to such terms and conditions as shall be determined by the
Committee at the time of grant; provided, however, that the Committee may waive
any installment exercise or waiting period provisions, in whole or in part, at
any time after the date of grant, based on such factors as the Committee shall
deem appropriate in its sole discretion.

                 (e)      Method of Exercise. Subject to such installment exercise and waiting
period provisions as may be imposed by the Committee, Stock Options may be
exercised in whole or in part at any time during the option term by delivering
to the Company written notice of exercise specifying the number of shares of
Common Stock to be purchased and the option price therefor. The notice of
exercise shall be accompanied by payment in full of the option price and, if
requested, by the representation described in Section 10.2. Payment of the
option price may be made (i) in cash or by check payable to the Company, (ii)
unless otherwise determined by the Committee on or after the date of grant, in
shares of Common Stock duly owned by the Participant (and for which the
Participant has good title free and clear of any liens and encumbrances) or
(iii) in the case of an Option that is not an Incentive Stock Option, unless
otherwise determined by the Committee on or after the date of grant, by
reduction in the number of shares of Common Stock issuable upon such exercise,
based, in each case, on the Fair Market Value of the Common Stock on the date
of exercise. Upon satisfaction of the conditions provided herein, a stock
certificate representing the number of shares of Common Stock to which the
Participant is entitled shall be issued and delivered to the Participant,
subject to Section 10.3. For the purpose of assisting a Participant to
exercise an Option, the Company may, in the discretion of the Board, make loans
to the Participant or guarantee loans made by third parties to the Participant,
in either case on such terms and conditions as the Board may authorize.
Nothing contained in this Plan shall prevent or prohibit a Participant from
exercising his or her Options under a broker-facilitated cashless exercise
transaction.

                 (f)      Death. Unless otherwise determined by the Committee on or after the
date of grant, in the event of a Participant’s Termination of Employment by
reason of death, any Stock Option held by such Participant which was
exercisable on the date of death may thereafter be exercised by the legal
representative of the Participant’s estate until the earlier of one year after
the date of death or the expiration of the stated term of such Stock Option,
and any Stock Option not exercisable on the date of death shall be forfeited.

                 (g)      Disability. Unless otherwise determined by the Committee on or after
the date of grant, in the event of a Participant’s Termination of Employment by
reason of Disability,

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any Stock Option held by such Participant which was exercisable on the
date of such Termination of Employment may thereafter be exercised by the
Participant until the earlier of one year after such date or the expiration of
the stated term of such Stock Option, and any Stock Option not exercisable on
the date of such Termination of Employment shall be forfeited. If the
Participant dies during such one-year period, any unexercised Stock Options
held by the Participant at the time of death may thereafter be exercised by the
legal representative of the Participant’s estate until the earlier of one year
after the date of the Participant’s death or the expiration of the stated term
of such Stock Option. If an Incentive Stock Option is exercised after the
expiration of the exercise period that applies for purposes of Section 422 of
the Code, such Stock Option will thereafter be treated as a Non-Qualified Stock
Option.

                 (h)      Termination of Employment. Subject to Section 10.4, in the event of a
Participant’s Termination of Employment by reason of retirement or for any
reason other than death or Disability, all Stock Options held by such
Participant that were exercisable on the date of such Termination of Employment
may be exercised by the Participant at any time within three (3) months after
his or her Termination of Employment; provided, however, that if the Committee
shall determine that the Employee’s employment was terminated for conduct that
in the judgment of the Committee involves dishonesty or action by the Employee
that is detrimental to the best interest of the Company, all Stock Options held
by the Employee on the date of such Termination of Employment shall be
forfeited.

                 (i)      Change of Control. Notwithstanding the provisions of Section 4.3, in
the event of a Change of Control, all outstanding Stock Options shall
immediately become fully exercisable, and upon payment by the Participant of
the option price (and, if requested, delivery of the representation described
in Section 10.2), a stock certificate representing the Common Stock covered
thereby shall be issued and delivered to the Participant; provided, however,
that the exercisability of the Stock Options shall not be accelerated if, in
the opinion of the Board, such acceleration would prevent pooling of interests
accounting treatment for the Change of Control transaction and such accounting
treatment is desired by the parties to such transaction. This Section 6.4(i)
shall apply to any outstanding Stock Options which are Incentive Stock Options
to the extent permitted by Code Section 422(d), and any outstanding Incentive
Stock Options in excess thereof shall, immediately upon the occurrence of such
a Change of Control be treated for all purposes of the Plan as Non-Qualified
Stock Options and shall be immediately exercisable as set forth in this Section
6.4(i).

                 (j)      Merger and Other Fundamental Transactions. In the event the Company
is succeeded by another company in a reorganization, merger, consolidation,
acquisition of property or stock, separation or liquidation, the successor
company shall assume all of the outstanding Options granted under this Plan or
shall substitute new options for them, which shall provide that each
Participant, at the same cost, shall be entitled upon the exercise of each such
option to receive such securities as the Board of Directors (or equivalent
governing body) of the succeeding, resulting or other company shall determine
to be equivalent, as nearly as practicable, to the nearest whole number and
class of shares of stock or other securities to which the Participant would
have been entitled under the terms of the agreement governing the
reorganization, merger, consolidation, acquisition of property or stock,
separation or liquidation as if, immediately prior to such event, the
Participant had been the holder of record of the number of shares of Common
Stock which were then subject to the outstanding Option granted under this
Plan.

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                 (k)      Non-Transferability of Options. No Stock Option shall be
transferrable by the Participant otherwise than by will or by the laws of
descent and distribution, to the extent consistent with the terms of the Plan
and the Option, and all Stock Options shall be exercisable, during the
Participant’s lifetime, only by the Participant.

                 (l)      Incentive Stock Option Limitations. To the extent that the aggregate
Fair Market Value (determined as of the date of grant) of the Common Stock with
respect to which Incentive Stock Options are exercisable for the first time by
the Participant during any calendar year under the Plan and/or any other stock
option plan of the Company or any subsidiary or parent corporation (each within
the meaning of Section 424 of the Code) exceeds $100,000, such Options shall be
treated as Options which are not Incentive Stock Options.

                 (m)      Ten-Percent Stockholder Rule. Notwithstanding any other provision of
the Plan to the contrary, no Incentive Stock Option shall be granted to any
person who, immediately prior to the grant, owns stock possessing more than ten
percent of the total combined voting power of all classes of stock of the
Company or any subsidiary or parent corporation (each within the meaning of
Section 424 of the Code), unless the option price is at least 110% of the Fair
Market Value of the Common Stock on the date of grant and the Option, by its
terms, expires no later than five years after the date of grant.

      Should the foregoing provisions not be necessary in order for the Stock
Options to qualify as Incentive Stock Options, or should any additional
provisions be required, the Committee may amend the Plan accordingly, without
the necessity of obtaining the approval of the stockholders of the Company.

      6.5      Rights as Stockholder. A Participant shall not be deemed to be the
holder of Common Stock, or to have any of the rights of a holder of Common
Stock, with respect to shares subject to the Option, unless and until the
Option is exercised and a stock certificate representing such shares of Common
Stock is issued to the Participant.

Article VII

Restricted and Unrestricted Stock

      7.1      Awards of Restricted Stock. Except as set forth in Section 3.3, the
Committee shall have the authority to grant to any person eligible under
Section 5.1 one or more Restricted Stock Awards. The Committee shall determine
the eligible Employees to whom, and the time or times at which, grants of
Restricted Stock will be made, the number of shares to be awarded, the time or
times within which such Awards may be subject to forfeiture, the vesting
schedule and rights to acceleration thereof, and the other terms and conditions
of the Awards in addition to those set forth in Section 7.2.

      7.2      Terms and Conditions. Restricted Stock shall be subject to the
following terms and conditions and such other terms and conditions, not
inconsistent with the terms of the Plan, as the Committee shall deem desirable:

                 (a)      Restricted Stock Agreement. Each Restricted Stock Award shall be
evidenced by, and subject to the terms of, a Restricted Stock Agreement
executed by the Company and the Participant. The Restricted Stock Agreement
shall specify the number of shares of Common Stock subject to the Award, the
time or times within which such Restricted

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Stock is subject to forfeiture and the other terms, conditions and
restrictions applicable to such Award.

                 (b)      Stock Certificate. Subject to Section 10.3, when the restrictions
applicable to a Restricted Stock Award, or any portion thereof, lapse, a stock
certificate representing the number of shares of Common Stock covered by such
Restricted Stock Award, or portion thereof, shall be issued and delivered to
the Participant. A Participant shall not be deemed to be the holder of Common
Stock, or to have any of the rights of a holder of Common Stock, with respect
to shares of Restricted Stock subject to the Award, unless and until the
forfeiture restrictions lapse and a stock certificate representing such shares
of Common Stock is issued to the Participant.

                 (c)      Restriction Period. Subject to the provisions of the Plan and the
Restricted Stock Agreement, shares of Restricted Stock will be forfeited to the
Company in the event of a Participant’s Termination of Employment during a
period (not to exceed five years) set by the Committee commencing with the date
of such Award (the “Restriction Period”). Subject to the provisions of the
Plan, the Committee, in its sole discretion, may provide for the lapse of such
restrictions in installments and may waive such restrictions, in whole or in
part, at any time, based on such factors as the Committee shall deem
appropriate in its sole discretion.

                 (d)      Termination of Employment. Subject to Section 10.4, in the event of a
Participant’s Termination of Employment prior to the expiration of the
Restriction Period, then he or she shall forfeit all of his or her Restricted
Stock with respect to which the Restriction Period has not yet expired;
provided, however, that the terms of the Restricted Stock Agreement, in the
discretion of the Committee and pursuant to such terms and conditions as it may
impose, may provide: (i) that, if such Employee’s employment is terminated for
any reason other than conduct that in the judgment of the Committee involves
dishonesty or action by the Employee that is detrimental to the best interests
of the Company, then the Restricted Stock or any related compensation deferral
or a portion thereof shall not be forfeited; (ii) that, if such Employee’s
employment is terminated on account of Disability, then the Employee shall not
forfeit his or her Restricted Stock or any related compensation deferral or a
portion thereof; and (iii) that, if such Employee dies while employed by the
Company or any of its Subsidiaries, then his or her Restricted Stock or any
related compensation deferral or a portion thereof is not forfeited.

                 (e)      Changes. If any change is made in the Common Stock by reason of any
merger, consolidation, reorganization, recapitalization, stock dividend, split
up, combination of shares, exchange of shares, change in corporate structure,
or otherwise, then any shares or other securities of the Company or succeeding,
resulting or other company to be received by the Employee under the Restricted
Stock Agreement shall be subject to the same restrictions applicable to the
Restricted Stock.

      7.3      Unrestricted Stock. Except as set forth in Section 3.3, the Committee
shall have the authority to grant to any person eligible under Section 5.1 one
or more Unrestricted Stock Awards. Each Employee who is awarded Unrestricted
Stock shall receive an Unrestricted Stock Agreement from the Company in a form
specified by the Committee and containing the terms and conditions of the award
and such other matters, consistent with this Plan, as the Committee, in its
sole discretion, shall determine at the time the Award is made. Such
conditions may include, but shall not be limited to, the deferral of a
percentage of the Employee’s annual cash compensation, not including dividends
paid on the Unrestricted Stock, if any, to be applied

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toward the purchase of Unrestricted Stock upon such terms and conditions,
including such discounts, as may be set forth in the Unrestricted Stock
Agreement. Upon the issuance of Unrestricted Stock to an Employee hereunder,
the Employee shall have the entire beneficial ownership and all the rights and
privileges of a stockholder with respect to the Unrestricted Stock awarded to
him or her, including the right to receive dividends and the right to vote such
Unrestricted Stock. Subject to Section 10.3, each Employee who is awarded
Unrestricted Stock may, but need not, be issued a stock certificate in respect
of such shares of Unrestricted Stock.

Article VIII

Termination or Amendment

      8.1      Termination or Amendment of Plan. The Committee may at any time
amend, discontinue or terminate the Plan or any part thereof (including any
amendment deemed necessary to ensure that the Company may comply with any
regulatory requirement referred to in Article X) or amend any Award previously
granted, prospectively or retroactively (subject to Article IV); provided,
however, that, unless otherwise required by law, the rights of a Participant
with respect to Awards granted prior to such amendment, discontinuance or
termination may not be impaired without the consent of such Participant and,
provided further that, the Company will seek the approval of the Company’s
stockholders for any amendment if such approval is necessary to comply with the
Code, Federal or state securities laws or any other applicable laws or
regulations.

Article IX

Unfunded Plan

      9.1      Unfunded Plan. The Plan is intended to constitute an “unfunded” plan
for incentive compensation. With respect to any payment not yet made to a
Participant by the Company, nothing contained herein shall give any such
Participant any rights that are greater than those of a general creditor of the
Company.

Article X

General Provisions

      10.1     Nonassignment. Except as otherwise provided in the Plan, any Award
granted hereunder and the rights and privileges conferred thereby shall not be
sold, transferred, assigned, pledged or hypothecated in any way (whether by
operation of law or otherwise), and shall not be subject to execution,
attachment or similar process. Upon any attempt to transfer, assign, pledge,
hypothecate or otherwise dispose of an Award, right or privilege contrary to
the provisions hereof, or upon the levy of any attachment or similar process
thereon, such Award and the rights and privileges conferred hereby shall
immediately terminate and the Award shall immediately be forfeited to the
Company.

      10.2     Legend. The Committee may require each person acquiring shares
pursuant to an Award to represent to the Company in writing that the
Participant is acquiring the shares without a view to distribution thereof.
The stock certificates representing such shares may include any legend which
the Committee deems appropriate to reflect any restrictions on transfer.

      All certificates representing shares of Common Stock delivered under the
Plan shall be subject to such stock transfer orders and other restrictions as
the Committee may deem advisable

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under the rules, regulations and other requirements of the Securities and
Exchange Commission, any stock exchange or stock market upon which the Common
Stock is then listed or traded, any applicable Federal or state securities law,
and any applicable corporate law, and the Committee may cause a legend or
legends to be put on any such certificates to make appropriate reference to
such restrictions.

      10.3     Uncertificated Shares. Each Employee who exercises an Option to
acquire Common Stock or is awarded Restricted Stock or Unrestricted Stock may,
but need not, be issued a stock certificate in respect of the Common Stock so
acquired. A “book entry” (i.e., a computerized or manual entry) shall be made
in the records of the Company to evidence the issuance of shares of Common
Stock to an Employee where no certificate is issued in the name of the
Employee. Such Company records, absent manifest error, shall be binding on
Employees. In all instances where the date of issuance of shares may be deemed
significant but no certificate is issued in accordance with this Section 10.3,
the date of the book entry shall be the relevant date for such purposes.

      10.4     Forfeiture for Competition. If a Participant in this Plan provides
services to a competitor of the Company or any of its subsidiaries, whether as
an employee, officer, director, independent contractor, consultant, agent or
otherwise, such services being of a nature that can reasonably be expected to
involve the skills and experience used or developed by the Participant while an
Employee, and the Committee determines, in its sole discretion, that the
provision of such services constitutes a breach of the Participant’s
non-compete agreement with the Company, then that Participant’s rights to any
Awards hereunder shall automatically be forfeited.

      10.5     Other Plans. Nothing contained in the Plan shall prevent the Board
from adopting other or additional compensation arrangements, subject to
stockholder approval if such approval is required; and such arrangements may be
either generally applicable or applicable only in specific cases.

      10.6     No Right to Employment. Neither the Plan nor the grant of any Award
hereunder shall give any Participant or other Employee any right with respect
to continuance of employment by the Company or any Subsidiary, nor shall the
Plan impose any limitation on the right of the Company or any Subsidiary by
which a Participant is employed to terminate such Participant’s employment at
any time.

      10.7     Withholding of Taxes. The Company shall have the right to reduce the
number of shares of Common Stock otherwise deliverable pursuant to the Plan by
an amount that would have a Fair Market Value equal to the amount of all
Federal, state and local taxes required to be withheld, or to deduct the amount
of such taxes from any cash payment otherwise to be made to the Participant.
In connection with such withholding, the Committee may make such arrangements
as are consistent with the Plan as it may deem appropriate.

11

      10.8     Listing and Other Conditions.

                 (a)      If the Common Stock is listed on a national securities exchange or The
Nasdaq Stock Market, the issuance of any shares of Common Stock pursuant to an
Award shall be conditioned upon such shares being listed on such exchange or
The Nasdaq Stock Market. The Company shall have no obligation to issue any
shares of Common Stock unless and until such shares are so listed, and the
right to exercise any Option or vest in any Restricted Stock shall be suspended
until such listing has been effected.

                 (b)      If at any time counsel to the Company shall be of the opinion that any
sale or delivery of shares of Common Stock pursuant to an Award is or may in
the circumstances be unlawful or result in the imposition of excise taxes under
the statutes, rules or regulations of any applicable jurisdiction, the Company
shall have no obligation to make such sale or delivery, or to make any
application or to effect or to maintain any qualification or registration under
the Securities Act of 1933, as amended, or otherwise with respect to shares of
Common Stock or Awards, and the right to exercise any Option or vest in any
Restricted Stock shall be suspended until, in the opinion of such counsel, such
sale or delivery shall be lawful or shall not result in the imposition of
excise taxes.

                 (c)      Upon termination of any period of suspension under this Section 10.8,
any Award affected by such suspension which shall not then have expired or
terminated shall be reinstated as to all shares available before such
suspension and as to shares which would otherwise have become available during
the period of such suspension, but no such suspension shall extend the term of
any Option.

      10.9     Governing Law. The Plan and actions taken in connection herewith
shall be governed and construed in accordance with the laws of the State of
Delaware, without regard to the conflict of laws principles thereof.

      10.10    Construction. Wherever any words are used in the Plan in the
masculine gender they shall be construed as though they were also used in the
feminine gender in all cases where they would so apply, and wherever any words
are used herein in the singular form they shall be construed as though they
were also used in the plural form in all cases where they would so apply.

      10.11    Liability of the Board and the Committee. No member of the Board or
the Committee nor any Employee of the Company or any of its subsidiaries shall
be liable for any act or action hereunder, whether of omission or commission,
by any other member or Employee or by any agent to whom duties in connection
with the administration of the Plan have been delegated or, except in
circumstances involving bad faith, gross negligence or fraud, for anything done
or omitted to be done by himself.

      10.12    Other Benefits. No payment pursuant to an Award shall be deemed
compensation for purposes of computing benefits under any retirement plan of
the Company or any Subsidiary nor affect any benefits under any other benefit
plan now or hereafter in effect under which the availability or amount of
benefits is related to the level of compensation.

      10.13    Costs. The Company shall bear all expenses incurred in
administering the Plan, including expenses related to the issuance of Common
Stock pursuant to Awards.

12

      10.14    Severability. If any part of the Plan shall be determined to be
invalid or void in any respect, such determination shall not affect, impair,
invalidate or nullify the remaining provisions of the Plan which shall continue
in full force and effect.

      10.15    Successors. The Plan shall be binding upon and inure to the benefit
of any successor or successors of the Company.

      10.16    Headings. Article and section headings contained in the Plan are
included for convenience only and are not to be used in construing or
interpreting the Plan.

Article XI

Term of Plan

      11.1     Effective Date. The Plan shall be effective as of the Effective
Date, but the grant of any Award hereunder is subject to the express condition
that the Plan be approved by the stockholders of the Company within 12 months
after the Effective Date.

      11.2     Termination Date. Unless sooner terminated, the Plan shall terminate
ten years after the Effective Date and no Awards may be granted thereafter.
Termination of the Plan shall not affect Awards granted before such date.

As revised by the Board by unanimous written consent dated September 21, 2000
and approved by the stockholders at the Annual Meeting held on October 26, 2000
- the first sentence of Section 4.1 was amended to increase the maximum
aggregate number of shares of Common Stock that may be issued under the Plan
from 1,000,000 to 2,000,000.

As revised by the Board at its October 26, 2000 meeting to clarify the “Change
of Control” definition.

13<PAGE>   1
                                                                     EXHIBIT 4.2

                                     BYLAWS

                    AMENDED AND RESTATED AS OF MARCH 28, 2001

                                       OF

                               CERNER CORPORATION

                                     Offices

                 1.      Registered Office and Registered Agent. The location of
the registered office and the name of the registered agent of the corporation in
the State of Delaware shall be as stated in the certificate of incorporation or
as determined from time to time by the board of directors and on file in the
appropriate public offices of the State of Delaware pursuant to applicable
provisions of law.

                 2.      Corporate Offices. The corporation may have such other
corporate offices and places of business anywhere within or without the State of
Delaware as the board of directors may from time to time designate or the
business of the corporation may require.

                                      Seal

                 3.      Corporate Seal. The corporate seal shall have inscribed
thereon the name of the corporation and the words "Corporate Seal, Delaware".
The corporate seal may be used by causing it or a facsimile thereof to be
impressed or affixed or in any manner reproduced.

                             Stockholders, Meetings

                 4.      Place of Meetings. All meetings of the stockholders
shall be held at the offices of the corporation in the City of North Kansas
City, State of Missouri, or at such other place either within or without the
State of Delaware as shall be designated from time to time by the board of
directors and stated in the notice of the meeting or in a duly executed waiver
of notice thereof.

                 5.      Annual Meeting.

                 5.1     An annual meeting of the stockholders of the
corporation shall be held on the second Tuesday in May of each year, if not a
legal holiday, and if a legal holiday, then on the next secular day following,
at 10:00 a.m., or at such other date and time as shall be designated from time
to time by the board of directors and stated in the notice of the meeting.

                 5.2     At an annual meeting of the stockholders, only such
business shall be conducted as shall have been properly brought before the
meeting. To be properly brought before an annual meeting of the stockholders,
business must be (a) specified in the notice of meeting (or any supplement
thereto) given by or at the direction of the board of directors, (b) otherwise
properly brought before the meeting by or at the direction of the board of
directors, or (c) otherwise properly brought before the meeting by a stockholder
of the corporation who was a stockholder of record at the time of giving of
notice provided for in these bylaws, who is entitled

<PAGE>   2

to vote at the annual meeting and who complies with the notice procedures set
forth in this Section 5.2. For business to be properly brought before an annual
meeting by a stockholder, the stockholder must have given timely notice thereof
in writing to the Secretary of the corporation. To be timely, a stockholder's
notice must be delivered to or mailed and received at the principal executive
offices of the corporation, not less than one hundred twenty (120) days prior to
the date of such meeting (as set forth in subparagraph 5.1); provided however,
that in the event that no annual meeting of stockholders was held in the
previous year or the date of the annual meeting has been changed by more than
thirty (30) days from the date contemplated at the time of the previous year's
proxy statement, notice by the stockholder to be timely must be so received not
later than the close of business on the later of one hundred twenty (120)
calendar days in advance of such annual meeting or ten (10) calendar days
following the date on which public announcement of the date of the meeting is
first made. Such stockholder's notice to the Secretary shall set forth (a) a
brief description of the business desired to be brought before the annual
meeting, the reasons for conducting such business at the annual meeting and any
material interest in such business of such stockholder and the beneficial owner
(as such term is defined in Rule 13d-3 as then in effect under the Securities
Exchange Act of 1934, as amended (or any successor thereto) (the "Exchange
Act")), if any, on whose behalf the proposal is made, (b) as to the stockholder
giving the notice and the beneficial owner, if any, on whose behalf the proposal
is made, the name and address of such stockholder as they appear on the
corporation's books, and of such beneficial owner, (c) the class and number of
shares of the corporation which are beneficially owned (as such term is defined
in Rule 13d-3 as then in effect under the Exchange Act) and of record by such
stockholder and such beneficial owner and (d) all other information with respect
to each such matter as would have been required to be included in a proxy
statement filed pursuant to Regulation 14A as then in effect under the Exchange
Act, had proxies been solicited by the board of directors with respect thereto.
Notwithstanding anything in the Bylaws to the contrary, no business shall be
conducted at an annual meeting except in accordance with the procedures set
forth in this subparagraph 5.2. The presiding officer of an annual meeting of
stockholders shall, if the facts warrant, have the power and duty to determine
whether the business proposed to be brought before the meeting was not made in
accordance with the provisions of this subparagraph 5.2, and if he should so
determine, he shall have the power and duty to declare to the meeting that such
business not properly brought before the meeting shall be disregarded and not
transacted.

                 5.3    Notwithstanding the foregoing provisions of subparagraph
5.2 and paragraph 18, (a) if any class or series of stock has the right, voting
separately by class or series, to elect directors at an annual or special
meeting of stockholders, such directors shall be nominated and elected pursuant
to the terms of such class or series of stock, and (b) a stockholder shall also
comply with all applicable requirements of the Exchange Act and the rules and
regulations thereunder with respect to the matters set forth in subparagraph 5.2
or paragraph 18. To the extent subparagraph 5.2 shall be deemed by the board of
directors or the Securities and Exchange Commission, or adjudged by a court of
competent jurisdiction, to be inconsistent with the rights of stockholders to
request inclusion of a proposal in the corporation's proxy statement pursuant to
Rule 14a-8 under the Exchange Act, such rule shall prevail.

                 6.     Special Meetings. Special meetings of the stockholders
may be held for any purpose or purposes, unless otherwise prescribed by statute
or by the certificate of incorporation. Except as otherwise required by law and
subject to the rights, if any, of the holders of any class or series of stock
having a preference over the Common Stock as to dividends or upon liquidation,
special meetings of the stockholders of the corporation may be called only by
the chairman of the board, by the president, or by the board of directors
pursuant to a resolution approved by a majority of the entire board of
directors. At a special meeting of

<PAGE>   3

the stockholders, no business shall be transacted and no corporate action shall
be taken other than that stated in the notice of the meeting.

                 The "call" and the "notice" of any such meeting shall be deemed
to by synonymous.

                 7.     Voting. At all meetings of stockholders, every
stockholder having the right to vote shall be entitled to vote in person, or by
proxy appointed by an instrument in writing subscribed by such stockholder and
bearing a date not more than three years prior to said meeting, unless said
instrument shall provide for a longer period. Unless otherwise provided by the
certificate of incorporation or resolutions adopted by the board of directors in
accordance with the General Corporation Law of Delaware, each stockholder shall
have one vote for each share of stock entitled to vote at such meeting
registered in his name on the books of the corporation. At all meetings of
stockholders the voting may be otherwise than by ballot, including the election
of directors, except that, unless otherwise provided by the certificate of
incorporation, any qualified voter may demand a vote by ballot on any matter, in
which event such vote shall be taken by ballot.

                 8.     Quorum. The holders of a majority of the outstanding
shares of stock entitled to vote thereat, present in person or represented by
proxy, shall constitute a quorum at all meetings of the stockholders for the
transaction of any business, except as otherwise provided by law, by the
certificate of incorporation, or by these bylaws. Every decision of a majority
in amount of stock of such quorum shall be valid as a corporate act, except in
those specific instances in which a larger vote is required by law or by the
certificate of incorporation or by these bylaws.

                 If the holders of a majority of the outstanding shares of stock
entitled to vote are not present in person or represented by proxy at a
meeting of stockholders, the holders of a majority of the stock present in
person or by proxy at such meeting shall have power successively to adjourn the
meeting from time to time to a specified time and place, without notice to
anyone other than by announcement at the meeting, until a quorum shall be
present in person or by proxy. At such adjourned meeting at which a quorum shall
be present in person or by proxy, any business may be transacted which might
have been transacted at the original meeting which was adjourned. If the
adjournment is for more than thirty (30) days, or if after adjournment a new
record date is fixed for the adjourned meeting, a notice of the adjourned
meeting shall be given to each stockholder of record entitled to vote at the
meeting.

                 9.     Stock Ledger. The original or duplicate stock ledger
shall be the only evidence as to who are the stockholders entitled to examine
the list required under paragraph 10 of these bylaws or the books of the
corporation, or to vote in person or by proxy at any meeting of the
stockholders.

                 10.    Stockholders, Lists. The secretary or assistant
secretary, who shall have charge of the stock ledger, shall prepare and make, at
least ten (10) days before every meeting of stockholders, a complete list of the
stockholders entitled to vote at the meeting, arranged in alphabetical order,
and showing the address of each stockholder and the number of shares registered
in the name of each stockholder. Such list shall be open to the examination of
any stockholder, for any purpose germane to the meeting, during ordinary
business hours, for a period of at least ten (10) days prior to the meeting,
either at a place within the city where the meeting is to be held, which place
shall be specified in the notice of the meeting, or, if not so specified, at the
place where the meeting is to be held. The list shall also be produced and kept

<PAGE>   4

at the time and place of the meeting during the whole time thereof, and may be
inspected by any stockholder who is present.

                 11.    Notice. Written or printed notice of each meeting of the
stockholders, whether annual or special, stating the place, date and hour of the
meeting, and, in the case of a special meeting, the purpose or purposes thereof,
shall be given to each stockholder of record of the corporation entitled to vote
at such meeting, either personally or by mail, not less than ten (10) days nor
more than sixty (60) days prior to the meeting. If mailed, such notice shall be
deemed to be delivered when it is deposited in the United States mail with
postage thereon addressed to the stockholder at his address as it appears on the
records of the corporation.

                 12.    Stockholder Action; How Taken. No action required or
permitted to be taken at any annual or special meeting of stockholders of the
corporation may be taken without a meeting, and the power of stockholders to
consent in writing, without a meeting, to the taking of any action is
specifically denied.

                 13.    Procedure and Conduct of Meetings.

                 13.1   Meetings of stockholders shall be presided over by the
chairman of the board, if any, or in his or her absence by the vice chairman of
the board, if any, or in his or her absence by the chairman of the executive
committee, if any, or in his or her absence by the president, if any, or in his
or her absence by an executive vice president, if any, or in his or her absence
by a senior vice president, if any, or in his or her absence by a vice
president, or in the absence of such designation by a chairman chosen at the
meeting by the vote of a majority in interest of the stockholders present in
person or represented by proxy and entitled to vote thereat. The secretary or in
his or her absence an assistant secretary or in the absence of the secretary and
all assistant secretaries a person whom the chairman of the meeting shall
appoint shall act as secretary of the meeting and keep a record of the
proceedings thereof.

                 13.2   The board of directors of the corporation shall be
entitled to make such rules or regulations for the conduct of meetings of
stockholders as it shall deem necessary, appropriate or convenient. Subject to
such rules and regulations of the board of directors, if any, the chairman of
the meeting shall have the right and authority to prescribe such rules,
regulations and procedures and to do all such acts as, in the judgment of such
chairman, are necessary, appropriate or convenient for the proper conduct of the
meeting, including, without limitation, establishing an agenda or order of
business for the meeting, rules and procedure for maintaining order at the
meeting and the safety of those present, limitations on participation on such
meeting to stockholders of records of the corporation and their duly authorized
and constituted proxies, and such other persons as the chairman shall permit,
restrictions on entry to the meeting after the time fixed for the commencement
thereof, limitations on the time allotted to questions or comments by
participants and regulation of the opening and closing of the polls for
balloting and matters which are to be voted on by ballot. Unless and to the
extent determined by the board of directors or the chairman of the meeting,
meetings of stockholders shall not be required to be held in accordance with
rules of parliamentary procedure.

                 13.3   The board of directors shall appoint two or more
Inspectors of Election to serve at every meeting of the stockholders at which
directors are to be elected.

                               Board of Directors

<PAGE>   5

                 14.    Management. The property, business and affairs of the
corporation shall be managed by or under the direction of a board of directors.
The number of directors of the corporation (including directors to be elected by
the holders of any one or more series of Preferred Stock voting separately as a
class or classes) shall be eight (8). As used in these bylaws, the terms "whole
board" or "whole board of directors" mean the total number of directors which
the corporation would have if there were no vacancies. In addition to the powers
and authorities by these bylaws and the certificate of incorporation expressly
conferred upon it, the board of directors may exercise all such powers of the
corporation, and do all such lawful acts and things as are not by statute or by
the certificate of incorporation or by these bylaws directed or required to be
exercised or done by the stockholders.

                 15.    Classes. The members of the whole board of directors,
other than those who may be elected by the holders of any Preferred Stock or
series thereof, shall be divided into three (3) classes (to be designated as
Class I, Class II and Class III), with the term of office of one class expiring
each year. Notwithstanding the foregoing, and except as otherwise required by
law, whenever the holders of any one or more series of Preferred Stock shall
have the right, voting separately as a class, to elect one or more directors of
the corporation, the terms of the director or directors elected by such holders
shall expire at the next succeeding annual meeting of stockholders. Subject to
the foregoing, at each annual meeting of stockholders, the successors to the
class of directors whose term shall then expire shall be elected to hold office
for a term expiring at the third succeeding annual meeting and until their
respective successors shall be elected and qualified or until their respective
earlier resignation or removal.

                 16.    Vacancies and Newly Created Directorships. Except for
directorships created pursuant to paragraph FOURTH of the certificate of
incorporation relating to the rights of holders of Preferred Stock or any series
thereof, and except for vacancies in such directorships, any vacancies in the
board of directors for any reason, and any newly created directorships resulting
from any increase in the authorized number of directors, may be filled by a
majority of the directors then in office, though less than quorum, or by a sole
remaining director, unless it is otherwise provided in the certificate of
incorporation or these bylaws, and the directors so chosen shall hold office
until the next election of the class for which such directors shall have been
chosen and until their respective successors are duly elected and qualified, or
until their earlier resignation or removal. No decrease in the number of
directors shall shorten the term of any incumbent director.

                 17.    Removal of Directors. Notwithstanding any other
provisions of these bylaws (and notwithstanding the fact that some lesser
percentage may be specified by law or these bylaws), any director or the entire
board of directors of the corporation may be removed at any time, but only for
cause and only by the affirmative vote of the holders of eighty percent (80%) or
more of the Total Voting Power of the then outstanding shares of Voting Stock,
considered for this purpose as one class (for purposes of this paragraph 17,
each share of the Voting Stock shall have the number of votes granted to it
pursuant to paragraph FOURTH of the corporation's certificate of incorporation).
For the purposes of this paragraph 17, (i) the term "Total Voting Power" shall
mean the aggregate of all votes of all outstanding shares of Voting Stock; and
(ii) the term "Voting Stock" shall mean the shares of all classes of capital
stock of the corporation entitled to vote on removal of any director or the
entire board of directors in the manner provided in this paragraph 17 (except
that if the next succeeding sentence is operative, then the outstanding shares
of Preferred Stock shall not be considered "Voting Stock" for purposes of this
paragraph 17). Notwithstanding the foregoing, and except as otherwise required
by law, whenever the holders of any one or more series of Preferred Stock shall
have the right, voting separately as a class, to elect one or more directors of
the corporation, the foregoing

<PAGE>   6

provisions of this paragraph 17 shall not apply with respect to the director or
directors elected by such holders of Preferred Stock.

                 As used in these bylaws, the term "for cause" is hereby
exclusively defined and limited to mean conviction of a felony by a court of
competent jurisdiction where such conviction is no longer subject to direct
appeal, or an adjudication by a court of competent jurisdiction of liability for
negligence, or misconduct, in the performance of the director's duty to the
corporation in a matter of substantial importance to the corporation, where such
adjudication is no longer subject to direct appeal.

                 18.    Notification of Nominations. Subject to the rights of
holders of Preferred Stock, nominations for the election of directors may be
made by the board of directors or a proxy committee appointed by the board of
directors or by any stockholder entitled to generally vote in the election of
directors at the meeting of the stockholders at which directors will be elected.
However, any such stockholder may nominate one or more persons for election as
directors at a meeting only if written notice of such stockholder's intent to
make such nomination or nominations has been given, either by personal delivery
or by United States mail, postage prepaid, to the Secretary of the corporation
not later than (i) with respect to an election to be held at an annual meeting
of stockholders, one hundred twenty (120) days in advance of the date of such
meeting (as set forth in paragraph 5 of these bylaws), and (ii) with respect to
an election to be held at a special meeting of stockholders for the election of
directors, the close of business on the seventh (7th) day following the date on
which public announcement of the date of such meeting is first made. Each such
notice shall set forth: (a) the name and address of the stockholder who intends
to make the nomination and of the person or persons to be nominated; (b) a
representation that the stockholder is a holder of record of stock of the
corporation entitled to vote at such meeting and intends to appear in person or
by proxy at the meeting to nominate the person or persons specified in the
notice; (c) the name and address, as they appear on the corporation's books, of
such stockholder; (d) the class and number of shares of the corporation which
are beneficially owned (as defined in Rule 13d-3 as then in effect under the
Exchange Act) by the nominating stockholder and each nominee proposed by such
stockholder; (e) a description of all arrangements or understandings between the
nominating stockholder and each nominee and any other person or persons (naming
such person or persons) pursuant to which the nomination or nominations are to
be made by the stockholder; (f) such other information regarding each nominee
proposed by such stockholder as would have been required to be included in a
proxy statement filed pursuant to Regulation 14A (17 CFR 240.14a-1 et seq.) as
then in effect under the Securities Exchange Act of 1934, as amended, had the
nominee been nominated, or intended to be nominated, by the board of directors;
and (g) the consent of each nominee to serve as a director of the corporation if
so elected. The chairman of the meeting may refuse to acknowledge the nomination
of any person not made in compliance with the foregoing procedure.

                 19.    Meetings of the Newly Elected Board - Notice. The first
meeting of the members of the board of directors after each election with
respect to a class of directors shall be held (i) at such time and place either
within or without the State of Delaware as shall be suggested or provided by
resolution of the stockholders at the meeting at which such election was held
with respect to a class of directors, and no notice of such meeting shall be
necessary to the newly elected directors in order legally to constitute the
meeting, provided a quorum shall be present, (ii) if not so suggested or
provided for by resolution of the stockholders or if a quorum shall not be
present, at such time and place as shall be consented to in writing by a
majority of the newly elected directors, provided that written or printed notice
of such meeting shall be given to each of the other directors in the same manner
as provided in paragraph 22 of these bylaws

<PAGE>   7

with respect to the giving of notice for special meetings of the board except
that it shall not be necessary to state the purpose of the meeting in such
notice, or (iii) regardless of whether or not the time and place of such meeting
shall be suggested or provided for by resolution of the stockholders, at such
time and place as shall be consented to in writing by all of the newly elected
directors.

                 Every director of the corporation, upon his election, shall
qualify by accepting the office of director, and his attendance at, or his
written approval of the minutes of, any meeting of the board subsequent to his
election shall constitute his acceptance of such office; or he may execute such
acceptance by a separate writing, which shall be placed in the minute book.

                 20.     Regular Meetings. Regular meetings of the board of
directors may be held without notice at such times and places either within or
without the State of Delaware as shall from time to time be fixed by resolution
adopted by the whole board of directors. Any business may be transacted at a
regular meeting.

                 21.     Special Meetings. Special meetings of the board of
directors may be called at any time by the chairman of the board, the president,
any vice president or the secretary, or by any two (2) or more of the directors.
The place may be within or without the State of Delaware as designated in the
notice.

                 22.     Notice of Special Meetings. Written or printed notice
of each special meeting of the board, stating the place, day and hour of the
meeting and the purpose or purposes thereof, shall be mailed to each director
addressed to him at his residence or usual place of business at least three (3)
days before the day on which the meeting is to be held, or shall be sent to him
by telegram, or delivered to him personally, at least two (2) days before the
day on which the meeting is to be held. If mailed, such notice shall be deemed
to be delivered when it is deposited in the United States mail with postage
thereon addressed to the director at his residence or usual place of business.
If given by telegraph, such notice shall be deemed to be delivered when it is
delivered to the telegraph company. The notice may be given by any officer
having authority to call the meeting. "Notice" and "call" with respect to such
meetings shall be deemed to be synonymous. Any meeting of the board of directors
shall be a legal meeting without any notice thereof having been given if all
directors shall be present.

                 23.     Meetings by Conference Telephone or Similar
Communications Equipment. Unless otherwise restricted by the certificate of
incorporation or these bylaws, members of the board of directors of the
corporation, or any committee designated by the board, may participate in a
meeting of the board or committee by means of conference telephone or similar
communications equipment by means of which all persons participating in the
meeting can hear each other, and participation in a meeting by that means shall
constitute presence in person at such meeting.

                 24.     Quorum. Unless otherwise required by law, the
certificate of incorporation or these bylaws, a majority of the total number of
directors shall be necessary at all meetings to constitute a quorum for the
transaction of business and, except as may be otherwise provided by law, the
certificate of incorporation or these bylaws, the act of a majority of the
directors present at any meeting at which there is a quorum shall be the act of
the board of directors.

                 If at least two (2) directors or one third (1/3) of the whole
board of directors, whichever is greater, is present at any meeting at which a
quorum is not present, a majority of

<PAGE>   8

the directors present at such meeting shall have power successively to adjourn
the meeting from time to time to a subsequent date, without notice to any
director other than announcement at the meeting. At such adjourned meeting at
which a quorum is present, any business may be transacted which might have been
transacted at the original meeting which was adjourned.

                 25.     Standing or Temporary Committees. The board of
directors may, by resolution or resolutions passed by a majority of the whole
board, designate one (1) or more committees, each committee to consist of one
(1) or more directors of the corporation. The board may designate one (1) or
more directors as alternate members of any committee, who may replace any absent
or disqualified member at any meeting of the committee. In the absence or
disqualification of a member of a committee, the member of members thereof
present at any meeting and not disqualified from voting, whether or not he or
they constitute a quorum, may unanimously appoint another member of the board of
directors to act at the meeting in the place of any such absent or disqualified
member. Any such committee, to the extent provided in the resolution of the
board of directors or in these bylaws, shall have and may exercise all of the
powers and authority of the board of directors in the management of the business
and affairs of the corporation, and may authorize the seal of the corporation to
be affixed to all papers which may require it; but no such committee shall have
the power or authority of the board of directors with respect to amending the
certificate of incorporation, adopting an agreement of merger or consolidation,
recommending to the stockholders the sale, lease or exchange of all or
substantially all of the corporation's property and assets, recommending to the
stockholders a dissolution of the corporation or a revocation of a dissolution,
amending the bylaws of the corporation, declaring a dividend or making any other
distribution to the stockholders, authorizing the issuance of stock otherwise
than pursuant to the grant or exercise of a stock option under employee stock
option plans of the corporation, or appointing any member of any committee of
the board of directors.

                 Such committee or committees shall have such name or names as
may be determined from time to time by resolution adopted by the board of
directors. All committees so appointed shall, unless otherwise provided by the
board of directors, keep regular minutes of the transactions at their meetings
and shall cause them to be recorded in books kept for that purpose in the office
of the corporation and shall report the same to the board of directors at its
next meeting. The secretary or an assistant secretary of the corporation may act
as secretary of the committee if the committee so requests.

                 26.     Compensation. Unless otherwise restricted by the
certificate of incorporation, the board of directors may, by resolution, fix the
compensation to be paid directors for serving as directors of the corporation
and may, by resolution, fix a sum which shall be allowed and paid for attendance
at each meeting of the board of directors and may provide for reimbursement of
expenses incurred by directors in attending each meeting; provided that nothing
herein contained shall be construed to preclude any director from serving the
corporation in any other capacity and receiving his regular compensation
therefor. Members of special or standing committees may be allowed similar
compensation for attending committee meetings.

                 27.     Resignations. Any director may resign at any time upon
written notice to the corporation. Such resignation shall take effect at the
time specified therein or shall take effect upon receipt thereof by the
corporation if no time is specified therein; and unless otherwise specified
therein, the acceptance of such resignation shall not be necessary to make it
effective.

                 28.     Indemnification of Directors and Officers.

<PAGE>   9

                 (a)    Indemnification in Actions by Third Parties. The
corporation shall indemnify each person who has been or is a party or is
threatened to be made a party to any threatened, pending or completed action,
suit or proceeding, whether civil, criminal, administrative, investigative or
appellate (other than an action by or in the right of the corporation) by reason
of the fact that such person is or was an officer or director of the corporation
or is or was serving at the corporation's request as a director or officer of
any Other Enterprise against all liabilities and expenses, including, without
limitation, judgments, amounts paid in settlement (provided that such settlement
and all amounts paid in connection therewith are approved in advance by the
corporation in accordance with paragraph (d) of this paragraph 28, which
approval shall not be unreasonably withheld), attorneys' fees, ERISA excise
taxes or penalties, fines and other expenses actually and reasonably incurred by
such person in connection with such action, suit or proceeding (including
without limitation the investigation, defense, settlement or appeal of such
action, suit or proceeding) if such person acted in good faith and in a manner
he reasonably believed to be in or not opposed to the best interests of the
corporation, and, with respect to any criminal action or proceeding, had no
reasonable cause to believe his conduct was unlawful; provided, however, that
the corporation shall not be required to indemnify or advance expenses to any
such person or person seeking indemnification or advancement of expenses in
connection with an action, suit or proceeding initiated by such person unless
the initiation of such action, suit or proceeding was authorized by the board of
directors of the corporation. The termination of any such action, suit or
proceeding by judgment, order, settlement, conviction or under a plea of nolo
contendere or its equivalent, shall not, of itself, create a presumption that
the person did not act in good faith and in a manner which he reasonably
believed to be in or not opposed to the best interests of the corporation, and
with respect to any criminal action or proceeding that he had reasonable cause
to believe that his conduct was unlawful.

                 (b)    Indemnification in Derivative Actions. The corporation
shall indemnify each person who has been or is a party or is threatened to be
made a party to any threatened, pending or completed action, suit or proceeding
by or in the right of the corporation to procure a judgment in its favor by
reason of the fact that such person is or was an officer of director of the
corporation or is or was serving at the corporation's request as a director or
officer of any Other Enterprise against amounts paid in settlement thereof
(provided that such settlement and all amounts paid in connection therewith are
approved in advance by the corporation in accordance with subparagraph (d) of
this paragraph 28, which approval shall not be unreasonably withheld) and all
expenses (including attorneys' fees) actually and reasonably incurred by such
person in connection with the defense or settlement of such action, suit or
proceeding (including without limitation the investigation, defense, settlement
or appeal of such action, suit or proceeding) if such person acted in good faith
and in a manner such person reasonably believed to be in or not opposed to the
best interests of the corporation, except that no indemnification under this
subparagraph (b) shall be made in respect of any claim, issue or matter as to
which such person shall have been adjudged liable to the corporation unless and
only to the extent that the court in which the action, suit or proceeding is
brought determines upon application that, despite the adjudication of liability
and in view of all the circumstances of the case, the person is fairly and
reasonably entitled to such indemnification.

                 (c)    Indemnification for Expenses. Notwithstanding the other
provisions of this paragraph 28, to the extent that a person who is or was
serving as a director or officer of the corporation, or is or was serving at the
request of the corporation as a director or officer of any Other Enterprise, has
been successful on the merits or otherwise in defense of any action, suit or
proceeding referred to in subparagraphs (a) and (b) of this paragraph 28
(including the dismissal

<PAGE>   10

of any such action, suit or proceeding without prejudice), or in defense of any
claim, issue or matter therein, he shall be indemnified against expenses
(including attorneys' fees) actually and reasonably incurred by him in
connection therewith.

                 (d)    Determination of Right to Indemnification. Prior to
indemnifying a person pursuant to the provisions of subparagraphs (a) and (b) of
this paragraph 28, unless ordered by a court and except as otherwise provided by
subparagraph (c) of this paragraph 28, the corporation shall determine that such
person has met the specified standard of conduct entitling such person to
indemnification as set forth under subparagraphs (a) and (b) of this paragraph
28. Any determination that a person shall or shall not be indemnified under the
provisions of subparagraphs (a) and (b) of this paragraph 28 shall be made by
the board of directors by a majority vote of a quorum consisting of directors
who were not parties to the action, suit or proceeding, or if such quorum is not
obtainable, or even if obtainable, if a quorum of disinterested directors so
directs, by independent legal counsel in a written opinion or by the
stockholders, and such determination shall be final and binding upon the
corporation; provided, however, that in the event such determination is adverse
to the person or persons to be indemnified hereunder, such person or persons
shall have the right to maintain an action in any court of competent
jurisdiction against the corporation to determine whether or not such person has
met the requisite standard of conduct and is entitled to such indemnification
hereunder. If such court action is successful and the person or persons is
determined to be entitled to such indemnification, such person or persons shall
be reimbursed by the corporation for all fees and expenses (including attorneys'
fees) actually and reasonably incurred in connection with any such action
(including without limitation the investigation, defense, settlement or appeal
of such action).

                 (e)    Advancement of Expenses. Expenses (including attorneys'
fees) actually and reasonably incurred by a person who may be entitled to
indemnification hereunder in defending an action, suit or proceeding, whether
civil, criminal, administrative, investigative or appellate, shall be paid by
the corporation in advance of the final disposition of such action, suit or
proceeding upon receipt of an undertaking by or on behalf of such person to
repay such amount if it shall ultimately be determined that he is not entitled
to indemnification by the corporation. Notwithstanding the foregoing, no advance
shall be made by the corporation if a determination is reasonably and promptly
made by (i) the board of directors by a majority vote of a quorum consisting of
directors who were not parties to the action, suit or proceeding for which the
advancement is requested, (ii) if a quorum is not obtainable, or even if
obtainable, if a quorum of disinterested directors so directs, by independent
legal counsel in a written opinion, or (iii) by the stockholders, that, based
upon the facts known to the board, counsel or stockholders at the time such
determination is made, such person acted in bad faith and in a manner that such
person did not believe to be in or not opposed to the best interest of the
corporation, or, with respect to any criminal proceeding, that such person
believed or had reasonable cause to believe his conduct was unlawful. In no
event shall any advance be made in instances where the board, stockholders or
independent legal counsel reasonably determines that such person deliberately
breached his duty to the corporation or its stockholders.

                 (f)    Non-Exclusivity. The indemnification and advancement of
expenses provided by this paragraph 28 shall not be exclusive of any other
rights to which those seeking indemnification or advancement of expenses may be
entitled under any statute, under the certificate of incorporation, bylaws,
agreement, vote of stockholders or disinterested directors, policy of insurance
or otherwise, both as to action in their official capacity and as to action in
another capacity while holding their respective offices, and shall not limit in
any way any right which the corporation may have to make additional
indemnifications with respect to the same or

<PAGE>   11

different persons or classes of persons. The indemnification and advancement of
expenses provided by, or granted pursuant to, this paragraph 28 shall continue
as to a person who has ceased to be a director, officer, employee or agent and
shall inure to the benefit of the heirs, executors, administrators and estate of
such a person.

                 (g)     Insurance. Upon resolution passed by the board of
directors, the corporation may purchase and maintain insurance on behalf of any
person who is or was a director or officer of the corporation, or is or was
serving at the request of the corporation as a director or officer of any Other
Enterprise, against any liability asserted against him and incurred by him in
any such capacity, or arising out of his status as such, whether or not the
corporation would have the power to indemnify him against such liability under
the provisions of this paragraph.

                 (h)     Vesting of Rights. The rights granted by this paragraph
28 shall be vested in each person entitled to indemnification hereunder as a
bargained-for, contractual condition of such person's acceptance of his election
or appointment as a director or officer of the corporation or serving at the
request of the corporation as a director of officer of any Other Enterprise and
while this paragraph 28 may be amended or repealed, no such amendment or repeal
shall release, terminate or adversely affect the rights of such person under
this paragraph 28 with respect to any act taken or the failure to take any act
by such person prior to such amendment or repeal or with respect to any action,
suit or proceeding with respect to such act or failure to act filed after such
amendment or repeal.

                 (i)     Definition of the "Corporation". For purposes of this
paragraph 28, references to "the corporation" shall, if and only if the board of
directors shall determine, include, in addition to the resulting corporation,
any constituent corporation (including any constituent of a constituent)
absorbed in a consolidation or merger which, if its separate existence had
continued, would have had power and authority to indemnify its directors or
officers or persons serving at the request of such constituent corporation as a
director or officer of any Other Enterprise, so that any person who is or was a
director or officer of such constituent corporation, or is or was serving at the
request of such constituent corporation as a director or officer of any Other
Enterprise, shall stand in the same position under the provisions of this
paragraph 28 with respect to the resulting or surviving corporation as such
person would have with respect to such constituent corporation if its separate
existence had continued.

                 (j)     Certain Definitions. For the purpose of this paragraph
28, references to "Other Enterprises" or "Other Enterprise" shall include
without limitation any other corporation, partnership, joint venture, trust or
employee benefit plan; references to "fines" shall include any excise taxes
assessed on a person with respect to an employee benefit plan; references to
"defense" shall include investigations of any threatened, pending or completed
action, suit or proceeding as well as appeals thereof and shall also include any
defensive assertion of a cross claim or counterclaim and references to "serving
at the request of the corporation" shall include any service as a director or
officer of a corporation which imposes duties on, or involves services by, such
director or officer with respect to an employee benefit plan, its participants,
or beneficiaries; and a person who acted in good faith and in a manner he
reasonably believed to be in the interest of the participants and beneficiaries
of an employee benefit plan shall be deemed to have acted in a manner "not
opposed to the best interests of the corporation" as referred to in this
paragraph 28. For the purpose of this paragraph 28, unless the board of
directors of the corporation shall determine otherwise, any director or officer
of the corporation who shall serve as an officer or director of any Other
Enterprise of which the corporation, directly or indirectly, is a stockholder or
creditor, or in which the corporation is in any way interested, shall be

<PAGE>   12

presumed to be serving as such director or officer at the request of the
corporation. In all other instances where any person shall serve as a director
or officer of an Other Enterprise, if it is not otherwise established that such
person is or was serving as such director or officer at the request of the
corporation, the board of directors of the corporation shall determine whether
such person is or was serving at the request of the corporation, and it shall
not be necessary to show any actual or prior request for such service, which
determination shall be final and binding on the corporation and the person
seeking indemnification.

                 (k)     Severability. If any provision of this paragraph 28 or
the application of any such provision to any person or circumstance is held
invalid, illegal or unenforceable for any reason whatsoever, the remaining
provisions of this paragraph 28 and the application of such provisions to other
persons or circumstances shall not be affected thereby and to the fullest extent
possible the court finding such provision invalid, illegal or unenforceable
shall modify and construe the provision so as to render it valid and enforceable
as against all persons or entities and to give the maximum possible protection
to persons subject to indemnification hereby within the bounds of validity,
legality and enforceability. Without limiting the generality of the foregoing,
if any officer or director of the corporation or any person who is or was
serving at the request of the corporation as a director or officer of any Other
Enterprise, is entitled under any provision of this paragraph 28, to
indemnification by the corporation for some or a portion of the judgments,
amounts paid in settlement, attorneys' fees, ERISA excise taxes or penalties,
fines or other expenses actually and reasonably incurred by any such person in
connection with any threatened, pending or completed action, suit or proceeding
(including without limitation, the investigation, defense, settlement or appeal
of such action, suit or proceeding), whether civil, criminal, or administrative,
investigative or appellate, but not, however, for all of the total amount
thereof, the corporation shall nevertheless indemnify such person for the
portion thereof to which such person is entitled.

                 29.     Action without a Meeting. Unless otherwise restricted
by the certificate of incorporation or these bylaws, any action required or
permitted to be taken at any meeting of the board of directors or any committee
thereof may be taken without a meeting if written consent thereto is signed by
all members of the board of directors or of such committee, as the case may be,
and such written consent is filed with the minutes of proceedings of the board
or committee.

                                    Officers

                 30.     (a) Officers - Who Shall Constitute. The officers of
the corporation shall be a chairman of the board, a president, one or more vice
presidents, a secretary, a treasurer, one or more assistant secretaries and one
or more assistant treasurers. The board shall elect a president and a secretary
at its first meeting after each annual meeting of the stockholders. The board
then, or from time to time, may also elect one or more of the other prescribed
officers as it may deem advisable, but need not elect any officers other than a
president and a secretary. The board may, if it desires, elect or appoint
additional officers and may further identify or describe any one or more of the
officers of the corporation.

                 Officers of the corporation need not be members of the board of
directors. Any two (2) or more offices may be held by the same person.

                 An officer shall be deemed qualified when he enters upon the
duties of the office to which he has been elected or appointed and furnishes any
bond required by the board; but the board may also require his written
acceptance and promise faithfully to discharge the duties of such office.

<PAGE>   13

                 (b)     Term of Office. Each officer of the corporation shall
hold his office at the pleasure of the board of directors or for such other
period as the board may specify at the time of his election or appointment, or
until his death, resignation or removal by the board, whichever first occurs. In
any event, each officer of the corporation who is not reelected or reappointed
at the annual election of officers by the board next succeeding his election or
appointment shall be deemed to have been removed by the board, unless the board
provides otherwise at the time of his election or appointment.

                 (c)     Other Agents. The board from time to time may also
appoint such other agents for the corporation as it shall deem necessary or
advisable, each of whom shall serve at the pleasure of the board or for such
period as the board may specify, and shall exercise such powers, have such
titles and perform such duties as shall be determined from time to time by the
board or by an officer empowered by the board to make such determinations.

                 31.     The Chairman of the Board. If a chairman of the board
be elected, he shall preside at all meetings of the stockholders and directors
at which he may be present and shall have such other duties, powers and
authority as may be prescribed elsewhere in these bylaws. The board of directors
may delegate such other authority and assign such additional duties to the
chairman of the board, other than those conferred by law exclusively upon the
president, as it may from time to time determine, and, to the extent permissible
by law, the board may designate the chairman of the board as the chief executive
officer of the corporation with all of the powers otherwise conferred upon the
president of the corporation under paragraph 32 of these bylaws, or it may, from
time to time, divide the responsibilities, duties and authority for the general
control and management of the corporation's business and affairs between the
chairman of the board and the president.

                 32.     The President. Unless the board otherwise provides, the
president shall be the chief executive officer of the corporation with such
general executive powers and duties of supervision and management as are usually
vested in the office of the chief executive officer of a corporation, and he
shall carry into effect all directions and resolutions of the board. The
president, in the absence of the chairman of the board or if there be no
chairman of the board, shall preside at all meetings of the stockholders and
directors.

                 The president may execute all bonds, notes, debentures,
mortgages and other instruments for and in the name of the corporation, may
cause the corporate seal to be affixed thereto, and may execute all other
instruments for and in the name of the corporation.

                 Unless the board otherwise provides, the president, or any
person designated in writing by him, shall have full power and authority on
behalf of this corporation (i) to attend and to vote or take action at any
meeting of the holders of securities of corporations in which this corporation
may hold securities, and at such meetings shall possess and may exercise any and
all rights and powers incident to being a holder of such securities, and (ii) to
execute and deliver waivers of notice and proxies for and in the name of the
corporation with respect to any securities held by the corporation.

                 He shall, unless the board otherwise provides, be ex officio a
member of all standing committees.

                 He shall have such other or further duties and authority as may
be prescribed elsewhere in these bylaws or from time to time by the board of
directors.

<PAGE>   14

                 If a chairman of the board be elected or appointed and
designated as chief executive officer of the corporation, as provided in
paragraph 31, of these bylaws, the president shall perform such duties as may be
specifically delegated to him by the board of directors or are conferred by law
exclusively upon him, and in the absence, disability, or inability or refusal to
act of the chairman of the board, the president shall perform the duties and
exercise the powers of the chairman of the board.

                 33.     Vice Presidents. In the absence of the president or in
the event of his disability, or inability or refusal to act, any vice president
may perform the duties and exercise the powers of the president until the board
otherwise provides. Vice presidents shall perform such other duties as the board
may from time to time prescribe.

                 34.     Secretary and Assistant Secretaries. The secretary
shall attend all sessions of the board and all meetings of the stockholders,
shall prepare minutes of all proceedings at such meetings and shall preserve
them in a minute book of the corporation. He shall perform similar duties for
the executive committee and other standing committees when requested by the
board or any such committee.

                 The secretary shall see that all books, records, lists and
information, or duplicates, required to be maintained in Delaware, or elsewhere,
are so maintained.

                 The secretary shall keep in safe custody the seal of the
corporation, and shall have authority to affix the seal to any instrument
requiring a corporate seal and, when so affixed, he shall attest the seal by his
signature. The board of directors may give general authority to any other
officer to affix the seal of the corporation and to attest the affixing by his
signature.

                 The secretary shall have the general duties, responsibilities
and authorities of a secretary of a corporation and shall perform such other
duties and have such other responsibility and authority as may be prescribed
elsewhere in these bylaws or from time to time by the board of directors or the
chief executive officer of the corporation, under whose direct supervision he
shall be.

                 In the absence of the secretary or in the event of his
disability, or inability or refusal to act, any assistant secretary may perform
the duties and exercise the powers of the secretary until the board otherwise
provides. Assistant secretaries shall perform such other duties as the board of
directors may from time to time prescribe.

                 35.     The Treasurer and Assistant Treasurers. The treasurer
shall have responsibility for the safekeeping of the funds and securities of the
corporation, shall keep or cause to be kept full and accurate accounts of
receipts and disbursements in books belonging to the corporation and shall keep,
or cause to be kept, all other books of account and accounting records of the
corporation. He shall deposit or cause to be deposited all moneys and other
valuable effects in the name and to the credit of the corporation in such
depositories as may be designated by the board of directors or by any officer of
the corporation to whom such authority has been granted by the board.

                 He shall disburse, or permit to be disbursed, the funds of the
corporation as may be ordered, or authorized generally, by the board, and shall
render to the chief executive officer of the corporation and the directors
whenever they may require it, an account of all his

<PAGE>   15

transactions as treasurer and of those under his jurisdiction, and of the
financial condition of the corporation.

                 He shall perform such other duties and shall have such other
responsibility and authority as may be prescribed elsewhere in these bylaws or
from time to time by the board of directors.

                 He shall have the general duties, powers and responsibility of
a treasurer of a corporation and shall, unless otherwise provided by the board,
be the chief financial and accounting officer of the corporation.

                 If required by the board, he shall give the corporation a bond
in a sum and with one or more sureties satisfactory to the board, for the
faithful performance of the duties of his office and for the restoration to the
corporation, in the case of his death, resignation, retirement or removal from
office, of all books, papers, vouchers, money and other property of whatever
kind in his possession or under his control which belong to the corporation.

                 In the absence of the treasurer or in the event of his
disability, or inability or refusal to act, any assistant treasurer may perform
the duties and exercise the powers of the treasurer. Assistant treasurers shall
perform such other duties and have such other authority as the board of
directors may from time to time prescribe.

                 36.     Duties of Officers May be Delegated. If any officer of
the corporation be absent or unable to act, or for any other reason that the
board may deem sufficient, the board may delegate, from the time being, some or
all of the functions, duties, powers and responsibilities of any officer to any
other officer, or to any other agent or employee of the corporation or other
responsible person, provided a majority of the whole board concurs.

                 37.     Removal. Any officer or agent elected or appointed by
the board of directors, and any employee, may be removed or discharged by the
board whenever in its judgment the best interests of the corporation would be
served thereby, but such removal or discharge shall be without prejudice to the
contract rights, if any, of the person so removed or discharged.

                 38.     Salaries and Compensation. Salaries and compensation of
all elected officers of the corporation shall be fixed, increased or decreased
by the board of directors, but this power, except as to the salary or
compensation of the chairman of the board and the president, may, unless
prohibited by law, be delegated by the board to the chairman of the board or the
president, or may be delegated to a committee. Salaries and compensation of all
appointed officers, agents and employees of the corporation may be fixed,
increased or decreased by the board of directors, but until action is taken with
respect thereto by the board of directors, the same may be fixed, increased or
decreased by the president or such other officer or officers as may be empowered
by the board of directors to do so.

                 39.     Delegation of Authority to Hire, Discharge and
Designate Duties. The board from time to time may delegate to the chairman of
the board, the president or other officer or executive employee of the
corporation, authority to hire, discharge and fix and modify the duties, salary
or other compensation of employees of the corporation under their jurisdiction,
and the board may delegate to such officer or executive employee similar
authority with respect to obtaining and retaining for the corporation the
services of attorneys, accountants and other experts.

<PAGE>   16

                                      Stock

                 40.     Certificates for Shares of Stock. Certificates for
shares of stock shall be issued in numerical order, and each stockholder shall
be entitled to a certificate signed by, or in the name of the corporation by,
the chairman of the board or the president or a vice president, and by the
treasurer or an assistant treasurer or the secretary or an assistant secretary,
certifying the number of shares owned by him. Any of or all the signatures on
such certificate may be a facsimile. In case any officer, transfer agent or
registrar who has signed or whose facsimile signature has been placed upon a
certificate shall have ceased to be such officer, transfer agent or registrar
before such certificate is issued, such certificate may nevertheless be issued
by the corporation with the same effect as if such officer, transfer agent or
registrar who signed such certificate, or whose facsimile signature shall have
been used thereon, had not ceased to be such officer, transfer agent or
registrar of the corporation.

                 41.     Transfers of Stock. Transfers of stock shall be made
only upon the stock transfer books of the corporation, kept at the office of the
corporation or of the transfer agent designated to transfer the class of stock,
and before a new certificate is issued the old certificate shall be surrendered
for cancellation. Until and unless the board appoints some other person, firm or
corporation as its transfer agent (and upon the revocation of any such
appointment, thereafter until a new appointment is similarly made) the secretary
of the corporation shall be the transfer agent of the corporation without the
necessity of any formal action of the board, and the secretary, or any person
designated by him, shall perform all of the duties thereof.

                 42.     Registered Stockholders. Only registered stockholders
shall be entitled to be treated by the corporation as the holders and owners in
fact of the shares standing in their respective names, and the corporation shall
not be bound to recognize any equitable or other claim to or interest in such
shares on the part of any other person, whether or not it shall have express or
other notice thereof, except as expressly provided by applicable federal law or
by the laws of Delaware.

                 43.     Lost Certificates. The board of directors may direct
that a new certificate or certificates be issued in place of any certificate or
certificates theretofore issued by the corporation, alleged to have been lost,
stolen or destroyed, upon the making of an affidavit of that fact by the person
claiming the certificate or certificates to be lost, stolen or destroyed. When
authorizing such issue of a replacement certificate or certificates, the board
of directors may, in its discretion and as a condition precedent to the issuance
thereof, require the owner of such lost, stolen or destroyed certificate or
certificates, or his legal representative, to give the corporation and its
transfer agents and registrars, if any, a bond in such sum as it may direct to
indemnify it against any claim that may be made against it with respect to the
certificate or certificates alleged to have been lost, stolen or destroyed or
with respect to the issuance of such new certificate or certificates.

                 44.     Regulations. The board of directors shall have power
and authority to make all such rules and regulations as it may deem expedient
concerning the issue, transfer, conversion and registration of certificates for
shares of stock of the corporation, not inconsistent with the laws of Delaware,
the certificate of incorporation of the corporation and these bylaws.

                 45.     Fixing Record Date. In order that the corporation may
determine the stockholders entitled to notice of or to vote at any meeting of
stockholders or any adjournment thereof, or to express consent to corporate
action in writing without a meeting, if such action is

<PAGE>   17

authorized, or entitled to receive payment of any dividend or other distribution
or allotment of any rights, or entitled to exercise any rights in respect of any
change, conversion or exchange of stock or for the purpose of any other lawful
action, the board of directors may fix, in advance, a record date, which shall
not be more than sixty (60) days nor less than ten (10) days before the date of
such meeting, nor more than sixty (60) days prior to any other action. A
determination of stockholders of record entitled to notice of or to vote at a
meeting of stockholders shall apply to any adjournment of the meeting; provided,
however, that the board of directors may fix a new record date for the adjourned
meeting.

                              Dividends and Finance

                 46.     Dividends. Dividends upon the outstanding shares of
stock of the corporation, subject to the provisions of the certificate of
incorporation and of any applicable law and of these bylaws, may be declared by
the board of directors at any meeting. Subject to such provisions, dividends may
be paid in cash, in property or in shares of stock of the corporation.

                 47.     Creation of Reserves. The directors may set apart out
of any of the funds of the corporation available for dividends a reserve or
reserves for any proper purpose or may abolish any such reserve in the manner in
which it was created.

                 48.     Depositories. The moneys of the corporation shall be
deposited in the name of the corporation in such bank or banks or other
depositories as the board of directors shall designate, and shall be drawn out
only by check signed by persons designated by resolution adopted by the board of
directors, except that the board of directors may delegate said powers in the
manner hereinafter provided in this paragraph 48. The board of directors may by
resolution authorize an officer or officers of the corporation to designate any
bank or banks or other depositories in which moneys of the corporation may be
deposited, and to designate the persons who may sign checks drawn on any
particular account or accounts of the corporation, whether created by direct
designation of the board of directors or by an authorized officer or officers as
aforesaid.

                 49.     Fiscal Year. The board of directors shall have power to
fix and from time to time change the fiscal year of the corporation. In the
absence of action by the board of directors, the fiscal year of the corporation
shall end each year on the date which the corporation treated as the close of
its first fiscal year, until such time, if any, as the fiscal year shall be
changed by the board of directors.

                 50.     Directors, Annual Statement. The board of directors may
present at each annual meeting of the stockholders, and when called for by vote
of the stockholders shall present to any annual or special meeting of the
stockholders, a full and clear statement of the business and condition of the
corporation.

                                Books and Records

                 51.     Books, Accounts and Records. The books, accounts and
records of the corporation, except as may be otherwise required by the laws of
the State of Delaware, may be kept outside of the State of Delaware, at such
place or places as the board of directors may from time to time determine. The
board of directors shall determine whether, to what extent and the conditions
upon which the books, accounts and records of the corporation, or any of them,
shall be open to the inspection of the stockholders, and no stockholder shall
have any right to inspect

<PAGE>   18

any book, account or record of the corporation, except as conferred by law or by
resolution of the stockholders or directors.

                                  Miscellaneous

                 52.     Waiver of Notice. Whenever any notice is required to be
given under the provisions of the statutes of Delaware or of the certificate of
incorporation or of these bylaws, a waiver thereof in writing, signed by the
person or persons entitled to said notice, whether before or after the time
stated therein, shall be deemed equivalent to notice. Attendance of a person at
a meeting shall constitute a waiver of notice of such meeting, except when the
person attends a meeting for the express purpose of objecting, at the beginning
of the meeting, to the transaction of any business because the meeting is not
lawfully called or convened. Neither the business to be transacted at, nor the
purpose of, any regular or special meeting of the stockholders, directors or
members of a committee of directors need be specified in any written waiver of
notice unless so required by the certificate of incorporation or these bylaws.

                 53.     Contracts. The board of directors may authorize any
officer or officers, or agent or agents, to enter into any contract or execute
and deliver any instrument in the name of and on behalf of the corporation, and
such authority may be general or confined to specific instances.

                 54.     Amendments. These bylaws may be altered, amended or
repealed, or new bylaws may be adopted, in the manner provided in the
certificate of incorporation.

                 55.     Business Combinations. The corporation shall not be
governed by the provisions of Section 203 of the Delaware General Corporation
Law.

<PAGE>   19

                                   CERTIFICATE

                 The undersigned secretary of Cerner Corporation, a Delaware
corporation, hereby certifies that the foregoing bylaws are the bylaws of said
corporation as amended and as adopted by the directors of the corporation.

Dated:   March 28, 2001.

                                           /s/ Randy D. Sims
                                           -------------------------------------
                                           Randy D. Sims, Secretary

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