Document:

EX-4.8

 

Exhibit 4.8

AMENDMENT NO. 2

TO

FOREST CITY ENTERPRISES, INC.

1994 STOCK PLAN

(AS AMENDED AND RESTATED AS OF JUNE 21, 2005)

Recitals

     WHEREAS, Forest City Enterprises, Inc. (the “Company”) has adopted the 1994 Stock Plan (As
Amended and Restated as of June 21, 2005) (“Plan”).

     WHEREAS, by approval of the Compensation Committee of the Board of Directors of the Company
(the “Compensation Committee”), the Plan was amended by Amendment No. 1 effective December 12,
2005.

     WHEREAS, the Company now desires to amend the Plan further; and

     WHEREAS, the Compensation Committee has approved this Amendment No. 2 to the Plan (“Amendment
No. 2”).

Amendment

     NOW, THEREFORE, the Plan is hereby amended by this Amendment No. 2, effective as of March 21,
2007, as follows:

     1. Paragraph A of Section 11 of the Plan is amended to read as follows:

     A. ADJUSTMENTS IN THE EVENT OF CHANGE IN COMMON STOCK

     The Committee shall make or provide for such adjustments in the numbers of Shares covered by
outstanding Option Rights, Restricted Shares, Restricted Stock Units or Appreciation Rights granted
hereunder, in the price per share applicable to such Option Rights and Appreciation Rights and in
the kind of shares covered thereby, as the Committee, in its sole discretion, exercised in good
faith, may determine is equitably required to prevent dilution or enlargement of the rights of
Grantees that otherwise would result from (i) any stock dividend, stock split, combination of
shares, recapitalization or other change in the capital structure of the Company, or (ii) any
merger, consolidation, spin-off, split-off, spin-out, split-up, reorganization, partial or complete
liquidation or other distribution of assets, issuance of rights or warrants to purchase securities,
or (iii) any other corporate transaction or event having an effect similar to any of the foregoing.
With respect to each adjustment contemplated by the foregoing sentence, no such adjustment shall
be made to the extent that such adjustment would cause an award to violate the provisions of
Section 409A of the Code (unless otherwise agreed by the Committee and the holder of such award).
Moreover, in the event of any such transaction or event, the Committee, in its discretion, may
provide in substitution for any or all outstanding awards under
the Plan such alternative consideration as it, in good faith, may determine to be equitable in
the circumstances and may require in connection therewith the surrender of all awards so replaced.
The Committee shall also make or provide for such adjustments in the numbers of Shares specified in
Section 5-B of the Plan as the Committee in its sole discretion, exercised in good faith, may
determine is appropriate to reflect any transaction or event described in this Section 11-A;
provided, however, that any such adjustment to the number specified in Section 5-B(iii)(a) will be
made only if and to the extent that such adjustment would not cause any Option Right intended to
qualify as an Incentive Stock Option to fail so to qualify.

     2. Except as amended by Amendment No. 1 and No. 2, the Plan shall remain in full force and
effect.EX-10.1

 

Exhibit 10.1

ALLEGHENY TECHNOLOGIES INCORPORATED

2007 INCENTIVE PLAN

FOR SELECTED OFFICERS, KEY EMPLOYEES AND

NON-EMPLOYEE DIRECTORS

Article I.

Purpose and Adoption of the Plan

1.1. Purpose. The purpose of the Allegheny Technologies Incorporated 2007 Incentive Plan
(hereinafter referred to as the “Plan”) is to assist Allegheny Technologies Incorporated and its
subsidiaries (the “Company”) in attracting and retaining highly competent employees and directors,
to act as an incentive in motivating selected officers and other key employees and non-employee
directors of the Company to achieve long-term corporate objectives and to enable cash incentive
awards to qualify as performance-based compensation for purposes of the tax deduction limitations
under Section 162(m) of the Code.

1.2. Adoption and Term. The Plan has been approved by the Board of Directors of Allegheny
Technologies Incorporated (the “Board”) on February 22, 2007 and shall become effective on May 2,
2007 if approved by the stockholders of the Company at its 2007 Annual Meeting of Stockholders. The
Plan shall remain in effect until the tenth anniversary of the date the stockholders of the Company
approve the Plan, unless terminated by action of the Board prior to that date, and, if the material
terms of the Performance Goals are changed from those set forth in this Plan when initially
approved by the stockholders, the provisions of Articles VII, VIII, IX and X with respect to
performance-based awards to “covered employees” under Section 162(m) of the Code shall expire as of
the fifth anniversary of the date the stockholders of the Company approved the Plan, unless the
changed Performance Goals are approved by the stockholders of the Company.

1.3. The Prior Plans. The Company previously adopted the Allegheny Teledyne Incorporated 1996
Incentive Plan, the Allegheny Technologies Incorporated 2000 Incentive Plan and the Allegheny
Technologies Incorporated 1996 Non-Employee Director Stock Compensation Plan (collectively, the
“Prior Plans”). Awards granted under the Prior Plans prior to the date the stockholders of the
Company approve this Plan shall not be affected by the adoption of this Plan, and the Prior Plans
shall remain in effect following the date the stockholders of the Company approve this Plan to the
extent necessary to administer such awards, but no new Awards shall be granted under the Prior
Plans after the date the stockholders of the Company approve this Plan.

 

 

Article II.

Definitions

For the purpose of this Plan, capitalized terms shall have the following meanings:

2.1. Award means any one or a combination of Non-Qualified Stock Options or Incentive Stock
Options described in Article VI, Stock Appreciation Rights described in Article VI, Restricted
Shares described in Article VII, Performance Awards described in Article VIII, Awards of cash or
any other Award made under the terms of the Plan.

2.2. Award Agreement means a written agreement between the Company and a Participant or a written
acknowledgment from the Company to a Participant specifically setting forth the terms and
conditions of an Award granted under the Plan.

2.3. Award Period means, with respect to an Award, the period of time set forth in the Award
Agreement during which specified target performance goals must be achieved or other conditions set
forth in the Award Agreement must be satisfied.

2.4. Beneficiary means an individual, trust or estate who or which, by a written designation of
the Participant filed with the Company or by operation of law, succeeds to the rights and
obligations of the Participant under the Plan and the Award Agreement upon the Participant’s death.

2.5. Board means the Board of Directors of the Company.

2.6. Change in Control means, and shall be deemed to have occurred upon the occurrence of, any one
of the following events:

	 	(a)	 	The acquisition in one or more transactions, other than from the Company, by any
individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the
Exchange Act) of beneficial ownership (within the meaning of Rule 13d-3 promulgated under
the Exchange Act) of a number of Company Voting Securities in excess of 25% of the Company
Voting Securities unless such acquisition has been approved by the Board;
	 
	 	(b)	 	Any election has occurred of persons to the Board that causes two-thirds of the Board
to consist of persons other than (i) persons who were members of the Board on the
Effective Date and (ii) persons who were nominated for elections as members of the Board
at a time when two-thirds of the Board consisted of persons who were members of the Board
on the Effective Date; provided, however, that any person nominated for election by a
Board at least two-thirds of whom constituted persons described in clauses (i) and/or (ii)
or by persons who were themselves nominated by such Board shall, for this purpose, be
deemed to have been nominated by a Board composed of persons described in clause (i);
	 
	 	(c)	 	Approval by the stockholders of the Company of a reorganization, merger or
consolidation, unless, following such reorganization, merger or consolidation, all or
substantially all of the individuals and entities who were the respective beneficial
owners

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of the Outstanding Common Stock and Company Voting Securities immediately prior to such
reorganization, merger or consolidation, following such reorganization, merger or
consolidation beneficially own, directly or indirectly, more than seventy five percent
(75%) of, respectively, the then outstanding shares of common stock and the combined voting
power of the then outstanding voting securities entitled to vote generally in the election
of directors or trustees, as the case may be, of the entity resulting from such
reorganization, merger or consolidation in substantially the same proportion as their
ownership of the Outstanding Common Stock and Company Voting Securities immediately prior
to such reorganization, merger or consolidation, as the case may be; or

	 	(d)	 	Approval by the stockholders of the Company of (i) a complete liquidation or
dissolution of the Company or (ii) a sale or other disposition of all or substantially all
the assets of the Company.

2.7. Code means the Internal Revenue Code of 1986, as amended. References to a section of the Code
shall include that section and any comparable section or sections of any future legislation that
amends, supplements or supersedes said section.

2.8. Committee means the Committee defined in Section 3.1.

2.9. Company or Corporation means Allegheny Technologies Incorporated, a Delaware corporation, and
its successors.

2.10. Common Stock means Common Stock of the Company, par value $.10 per share.

2.11. Company Voting Securities means the combined voting power of all outstanding voting
securities of the Company entitled to vote generally in the election of directors to the Board.

2.12. Date of Grant means the date designated by the Committee as the date as of which it grants
an Award, which shall not be earlier than the date on which the Committee approves the granting of
such Award.

2.13. Effective Date shall have the meaning given to such term in Section 1.2.

2.14. Exchange Act means the Securities Exchange Act of 1934, as amended.

2.15. Exercise Price means, with respect to a Stock Appreciation Right, the amount established by
the Committee in the Award Agreement which is to be subtracted from the Fair Market Value on the
date of exercise in order to determine the amount of the payment to be made to the Participant, as
further described in Section 6.2(b).

2.16. Fair Market Value means, on any date, the average of the high and low quoted sales prices of
a share of Common Stock, as reported on the Composite Tape for New York Stock Exchange Listed
Companies, on such date or, if there were no sales on such date, on the last date preceding such
date on which a sale was reported.

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2.17. Incentive Stock Option means a stock option within the meaning of Section 422 of the Code.
Incentive Stock Options cannot be granted to directors notwithstanding any provisions of the Plan
to the contrary.

2.18. Merger means any merger, reorganization, consolidation, exchange, transfer of assets or
other transaction having similar effect involving the Company.

2.19. Non-Qualified Stock Option means a stock option which is not an Incentive Stock Option.

2.20. Options means all Non-Qualified Stock Options and/or Incentive Stock Options granted at any
time under the Plan.

2.21. Outstanding Common Stock means, at any time, the issued and outstanding shares of Common
Stock.

2.22. Participant means a person designated to receive an Award under the Plan in accordance with
Section 5.1.

2.23. Performance Awards means Awards granted in accordance with Article VIII.

2.24. Performance Goals means operating income, operating profit, income before taxes, earnings
per share, return on investment or working capital, return on stockholders’ equity, economic value
added (the amount, if any, by which net operating profit after tax exceeds a reference cost of
capital), balanced scorecard, cash flow, reductions in inventory, inventory turns and on-time
delivery performance, any one of which may be measured with respect to the Company or any one or
more of its Subsidiaries or business units and either in absolute terms or as compared to another
company or companies, and safety measures and other quantifiable, objective measures of individual
performance relevant to the particular individual’s job responsibilities.

2.25. Plan means the Allegheny Technologies Incorporated 2007 Incentive Plan as described herein,
as the same may be amended from time to time.

2.26. Prior Plans shall have the meaning given to such term in Section 1.3.

2.27. Purchase Price, with respect to Options, shall have the meaning set forth in Section 6.1(b).

2.28. [Intentionally left blank.]

2.29. Restricted Shares means Common Stock subject to restrictions imposed in connection with
Awards granted under Article VII.

2.30. Retirement means early or normal retirement under a pension plan or arrangement of the
Company or one of its Subsidiaries in which the Participant participates.

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2.31. Rule 16b-3 means Rule 16b-3 promulgated by the Securities and Exchange Commission under
Section 16 of the Exchange Act, as the same may be amended from time to time, and any successor
rule.

2.32. Stock Appreciation Rights means Awards granted in accordance with Article VI.

2.33. Subsidiary means a subsidiary of the Company within the meaning of Section 424(f) of the
Code.

2.34. Termination of Employment means the voluntary or involuntary termination of a Participant’s
employment with the Company or a Subsidiary for any reason, including death, disability, retirement
or as the result of the divestiture of the Participant’s employer or any similar transaction in
which the Participant’s employer ceases to be the Company or one of its Subsidiaries. Whether
entering military or other government service shall constitute Termination of Employment, or
whether a Termination of Employment shall occur as a result of disability, shall be determined in
each case by the Committee in its sole discretion.

Article III.

Administration

3.1. Committee. The Plan shall be administered by a committee or committees of the Board
(“Committee”) comprised solely of independent members of the Board of Directors. The Committee
shall have exclusive and final authority in each determination, interpretation or other action
affecting the Plan and its Participants. The Committee shall have the sole discretionary authority
to interpret the Plan, to establish and modify administrative rules for the Plan, to impose such
conditions and restrictions on Awards as it determines appropriate and to cancel Awards (including
those made pursuant to other plans of the Company), and to take such steps in connection with the
Plan and Awards granted hereunder as it may deem necessary or advisable. The Committee shall not,
however, have or exercise any discretion that would disqualify amounts payable under Article X as
performance-based compensation for purposes of Section 162(m) of the Code. The Committee may
delegate such of its powers and authority under the Plan as it deems appropriate to designated
officers or employees of the Company. In addition, the independent members of the full Board may
exercise any of the powers and authority of the Committee under the Plan. In the event of such
delegation of authority or exercise of authority by the Board, references in the Plan to the
Committee shall be deemed to refer, as appropriate, to the delegate of the Committee or the Board.
The selection of members of the Committee or any subcommittee thereof, and any delegation by the
Committee to designated officers or employees, under this Section 3.1 shall comply with Section
16(b) of the Exchange Act, the performance-based provisions of Section 162(m) of the Code, and the
regulations promulgated under each of such statutory provisions, or the respective successors to
such statutory provisions or regulations, as in effect from time to time, except to the extent that
the Board determines that such compliance is not necessary or desirable.

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Article IV.

Shares

4.1. Number of Shares Issuable. The total number of shares authorized to be issued under the Plan
shall equal 2.5 million shares of the Common Stock as of the Effective Date. The number of shares
available for issuance under the Plan shall be subject to adjustment in accordance with Section
10.7. The shares to be offered under the Plan shall be authorized and unissued Common Stock, or
issued Common Stock which shall have been reacquired by the Company.

4.2. Shares Subject to Terminated Awards. Common Stock covered by any unexercised portions of
terminated Options (including canceled Options) granted under Article VI, Common Stock forfeited as
provided in Section 7.2(a) and Common Stock subject to any Awards which are otherwise surrendered
by the Participant may again be subject to new Awards under the Plan. Common Stock subject to
Options, or portions thereof, which have been surrendered in connection with the exercise of Stock
Appreciation Rights shall not be available for subsequent Awards under the Plan, but Common Stock
issued in payment of such Stock Appreciation Rights shall not be charged against the number of
shares of Common Stock available for the grant of Awards hereunder. Common Stock covered by awards
granted under the Prior Plans that after the Effective Date are terminated unexercised, forfeited
or otherwise surrendered shall be available for subsequent Awards under this Plan. Notwithstanding
anything to the contrary contained herein: (i) shares of Common Stock tendered in payment of an
Option shall not be added to the aggregate plan limit described above; (ii) shares of Common Stock
withheld by the Company to satisfy any tax withholding obligation shall not be added to the
aggregate plan limit described above; (iii) shares of Common Stock that are repurchased by the
Company with Option proceeds shall not be added to the aggregate plan limit described above; and
(iv) all shares of Common Stock covered by a Stock Appreciation Right, to the extent that it is
exercised and settled in shares of Common Stock, and whether or not shares of Common Stock are
actually issued to the Participant upon exercise of the Stock Appreciation Right, shall be
considered issued or transferred pursuant to the Plan.

Article V.

Participation

5.1. Eligible Participants. Participants in the Plan shall be such officers and other key
employees of the Company and/or any one or more of its Subsidiaries as the Committee, in its sole
discretion, may designate from time to time, and directors who are non-employee members of the
Company’s Board of Directors. The Committee’s designation of a Participant in any year shall not
require the Committee to designate such person to receive Awards or grants in any other year. The
designation of a Participant to receive awards or grants under one portion of the Plan does not
require the Committee to include such Participant under other portions of the Plan. The Committee
shall consider such factors as it deems pertinent in selecting Participants and in determining the
type and amount of their respective Awards. Notwithstanding any provision herein to the contrary,
the Committee may grant Awards under the Plan, other than Incentive Stock Options, to non-employees
who, in the judgment of the Committee, render significant services to the Company or any of its
Subsidiaries, on such terms and conditions as the Committee deems appropriate and consistent with
the intent of the Plan. Subject to adjustment in accordance with Section 10.7, in any calendar
year, no Participant shall be granted Awards in

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respect of more than 1 million shares of Common Stock (whether through grants of Options or Stock
Appreciation Rights or other grants of Common Stock or rights with respect thereto) and $15 million
in cash; provided, however, that any Award payable over a period of more than one year shall be
pro-rated over the applicable period in determining the amount of the Award granted in any calendar
year.

Article VI.

Stock Options and Stock Appreciation Rights

6.1. Option Awards.

	 	(a)	 	Grant of Options. The Committee may grant, to such Participants as the Committee may
select, Options entitling the Participant to purchase shares of Common Stock from the
Company in such number, at such price, and on such terms and subject to such conditions,
not inconsistent with the terms of this Plan, as may be established by the Committee. The
terms of any Option granted under this Plan shall be set forth in an Award Agreement.
	 
	 	(b)	 	Purchase Price of Options. The Purchase Price of each share of Common Stock which may
be purchased upon exercise of any Option granted under the Plan shall be determined by the
Committee; provided, however, that the Purchase Price of the Common Stock purchased
pursuant to Options shall be equal to or greater than the Fair Market Value on the Date of
Grant. The Committee shall not have the authority to decrease such price after the date of
the Stock Option’s grant, except for adjustments appropriate to reflect a change in stock
or a change in capitalization pursuant to Section 10.7.
	 
	 	(c)	 	Designation of Options. Except as otherwise expressly provided in the Plan, the
Committee may designate, at the time of the grant of each Option, the Option as an
Incentive Stock Option or a Non-Qualified Stock Option.
	 
	 	(d)	 	Incentive Stock Option Share Limitation. No Participant may be granted Incentive
Stock Options under the Plan (or any other plans of the Company and its Subsidiaries)
which would result in shares with an aggregate Fair Market Value (measured on the Date of
Grant) of more than $100,000 first becoming exercisable in any one calendar year.
	 
	 	(e)	 	Rights as a Stockholder. A Participant or a transferee of an Option pursuant to
Section 10.4 shall have no rights as a stockholder with respect to Common Stock covered by
an Option until the Participant or transferee shall have become the holder of record of
any such shares, and no adjustment shall be made for dividends in cash or other property
or distributions or other rights with respect to any such Common Stock for which the
record date is prior to the date on which the Participant or a transferee of the Option
shall have become the holder of record of any such shares covered by the Option; provided,
however, that Participants are entitled to share adjustments to reflect capital changes
under Section 10.7.

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6.2. Stock Appreciation Rights.

	 	(a)	 	Stock Appreciation Right Awards. The Committee is authorized to grant to any
Participant one or more Stock Appreciation Rights. Such Stock Appreciation Rights may be
granted either independent of or in tandem with Options granted to the same Participant.
Stock Appreciation Rights granted in tandem with Options may be granted simultaneously
with, or, in the case of Non-Qualified Stock Options, subsequent to, the grant to such
Participant of the related Option; provided, however, that: (i) any Option covering any
share of Common Stock shall expire and not be exercisable upon the exercise of any Stock
Appreciation Right with respect to the same share, (ii) any Stock Appreciation Right
covering any share of Common Stock shall expire and not be exercisable upon the exercise
of any related Option with respect to the same share, and (iii) an Option and Stock
Appreciation Right covering the same share of Common Stock may not be exercised
simultaneously. Upon exercise of a Stock Appreciation Right with respect to a share of
Common Stock, the Participant shall be entitled to receive an amount equal to the excess,
if any, of (A) the Fair Market Value of a share of Common Stock on the date of exercise
over (B) the Exercise Price of such Stock Appreciation Right established in the Award
Agreement, which amount shall be payable as provided in Section 6.2(c).
	 
	 	(b)	 	Exercise Price. The Exercise Price established under any Stock Appreciation Right
granted under this Plan shall be determined by the Committee, but shall not be less than
the Purchase Price of the related Option which shall be equal to or greater than the Fair
Market Value of the underlying shares of Common Stock on the Date of Grant. Upon exercise
of Stock Appreciation Rights granted in tandem with Options, the number of shares subject
to exercise under any related Option shall automatically be reduced by the number of
            shares of Common Stock represented by the Option or portion thereof which are surrendered
as a result of the exercise of such Stock Appreciation Rights.
	 
	 	(c)	 	Payment of Incremental Value. Any payment which may become due from the Company by
reason of a Participant’s exercise of a Stock Appreciation Right may be paid to the
Participant as determined by the Committee (i) all in cash, (ii) all in Common Stock, or
(iii) in any combination of cash and Common Stock. In the event that all or a portion of
the payment is made in Common Stock, the number of shares of Common Stock delivered in
satisfaction of such payment shall be determined by dividing the amount of such payment or
portion thereof by the Fair Market Value on the Exercise Date. No fractional share of
Common Stock shall be issued to make any payment in respect of Stock Appreciation Rights;
if any fractional share would be issuable, the combination of cash and Common Stock
payable to the Participant shall be adjusted as directed by the Committee to avoid the
issuance of any fractional share.

6.3. Terms of Stock Options and Stock Appreciation Rights.

	 	(a)	 	Conditions on Exercise. An Award Agreement with respect to Options and/or Stock
Appreciation Rights may contain such waiting periods, exercise dates and restrictions on
exercise (including, but not limited to, periodic installments) as may be determined by
the Committee at the time of grant (provided that the vesting schedule for Options and

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	 	 	 	Stock Appreciation Rights shall provide that the awards shall vest over a period of no less
than three (3) years and except that rules regarding the exercise and or termination of
Awards upon a Participant’s Disability, death, Termination of Employment or ceasing to be a
Director will be provided in Participant’s Award Agreement with the Company) and the
Committee may grant Options or Stock Appreciation Rights with a forfeiture period of less
than three years as it deems necessary for recruitment purposes.
	 
	 	(b)	 	Duration of Options and Stock Appreciation Rights. Options and Stock Appreciation
Rights shall terminate after the first to occur of the following events:

	 	(i)	 	Expiration of the Option or Stock Appreciation Right as provided in the Award
Agreement; or
	 
	 	(ii)	 	Termination of the Award following the Participant’s disability, Retirement,
death or other Termination of Employment as provided in the Award Agreement; or
	 
	 	(iii)	 	Ten years from the Date of Grant; or
	 
	 	(iv)	 	Solely in the case of a Stock Appreciation Right granted in tandem with an
Option, upon the expiration of the related Option.

	 	(c)	 	Acceleration or Extension of Exercise Time. The Committee may (but shall not be
obligated to) permit the exercise of an Option or Stock Appreciation Right (i) prior to
the time such Option or Stock Appreciation Right would become exercisable under the terms
of the Award Agreement, (ii) after the termination of the Option or Stock Appreciation
Right under the terms of the Award Agreement, or (iii) after the expiration of the Option
or Stock Appreciation Right.

6.4. Exercise Procedures. Each Option and Stock Appreciation Right granted under the Plan shall be
exercised by written or electronic notice to the Company or by such other exercise procedures as
may be provided in the Award Agreement which notice or other form of exercise must be received by
the officer or employee of the Company designated in the Award Agreement on or before the close of
business on the expiration date of the Award. The Purchase Price of shares purchased upon exercise
of an Option granted under the Plan shall be paid in full in cash by the Participant pursuant to
the Award Agreement; provided, however, that the Committee may (but shall not be required to)
permit payment to be made by delivery to the Company of either (a) Common Stock (which may, in the
sole discretion of the Committee, include Restricted Shares or shares otherwise issuable in
connection with the exercise of the Option, subject to such rules as the Committee deems
appropriate) or (b) any combination of cash and Common Stock, or (c) such other consideration as
the Committee deems appropriate and in compliance with applicable law (including payment in
accordance with a cashless exercise program that complies with applicable law under which, if so
instructed by the Participant, Common Stock may be issued directly to the Participant’s broker or
dealer upon receipt of an irrevocable written or electronic notice of exercise from the
Participant). In the event that any Common Stock shall be transferred to the Company to satisfy all
or any part of the Purchase Price, the part of the Purchase Price deemed to have been satisfied by
such transfer of Common Stock shall be equal to the product derived by multiplying the Fair Market
Value as of the date of exercise times the number of shares of Common Stock transferred to the
Company. The Participant may not transfer to the Company in satisfaction of the Purchase Price any
fractional share of Common Stock. Any part of the Purchase Price paid in cash upon the exercise

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of any Option shall be added to the general funds of the Company and may be used for any proper
corporate purpose. Unless the Committee shall otherwise determine, any Common Stock transferred to
the Company as payment of all or part of the Purchase Price upon the exercise of any Option shall
be held as treasury shares.

6.5. Change in Control. Unless otherwise provided by the Committee in the applicable Award
Agreement, in the event of a Change in Control, all Options outstanding on the date of such Change
in Control, and all Stock Appreciation Rights shall become immediately and fully exercisable. The
provisions of this Section 6.5 shall not be applicable to any Options or Stock Appreciation Rights
granted to a Participant if any Change in Control results from such Participant’s beneficial
ownership (within the meaning of Rule 13d-3 under the Exchange Act) of Common Stock or Company
Voting Securities.

Article VII.

Restricted Shares

7.1. Restricted Share Awards. The Committee may grant to any Participant an Award of Common Stock
in such number of shares, and on such terms, conditions and restrictions, whether based on
performance standards, periods of service, retention by the Participant of ownership of purchased
or designated shares of Common Stock or other criteria, as the Committee shall establish. With
respect to performance-based Awards of Restricted Shares to “covered employees” (as defined in
Section 162(m) of the Code), performance targets will be limited to specified levels of one or more
of the Performance Goals. The terms of any Restricted Share Award granted under this Plan shall be
set forth in an Award Agreement which shall contain provisions determined by the Committee and not
inconsistent with this Plan.

	 	(a)	 	Issuance of Restricted Shares. As soon as practicable after the Date of Grant of a
Restricted Share Award by the Committee, the Company shall cause to be transferred on the
books of the Company, or its agent, Common Stock, registered on behalf of the Participant,
evidencing the Restricted Shares covered by the Award, but subject to forfeiture to the
Company as of the Date of Grant if an Award Agreement with respect to the Restricted
Shares covered by the Award is not duly executed by the Participant and timely returned to
the Company. All Common Stock covered by Awards under this Article VII shall be subject to
the restrictions, terms and conditions contained in the Plan and the Award Agreement
entered into by the Participant. Until the lapse or release of all restrictions applicable
to an Award of Restricted Shares the share certificates, if any, representing such
Restricted Shares may be held in custody by the Company, its designee, or, if the
certificates bear a restrictive legend, by the Participant; provided, however, that if the
Restricted Shares are uncertificated, other arrangements may be made, in the discretion of
the Committee, to ensure the enforcement of the restrictions on such Restricted Shares.
Upon the lapse or release of all restrictions with respect to an Award as described in
Section 7.1(d), one or more share certificates, registered in the name of the Participant,
for an appropriate number of shares as provided in Section 7.1(d), free of any
restrictions set forth in the Plan and the Award Agreement shall be delivered to the
Participant.

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	 	(b)	 	Stockholder Rights. Beginning on the Date of Grant of the Restricted Share Award and
subject to execution of the Award Agreement as provided in Section 7.1(a), the Participant
shall become a stockholder of the Company with respect to all shares subject to the Award
Agreement and shall have all of the rights of a stockholder, including, but not limited
to, the right to vote such shares and the right to receive dividends; provided, however,
that any Common Stock distributed as a dividend or otherwise with respect to any
Restricted Shares as to which the restrictions have not yet lapsed, shall be subject to
the same restrictions as such Restricted Shares and held or restricted as provided in
Section 7.1(a).
	 
	 	(c)	 	Restriction on Transferability. None of the Restricted Shares may be assigned or
transferred (other than by will or the laws of descent and distribution, or to an inter
vivos trust with respect to which the Participant is treated as the owner under Sections
671 through 677 of the Code), pledged or sold prior to lapse of the restrictions
applicable thereto.
	 
	 	(d)	 	Delivery of Shares Upon Vesting. Upon expiration or earlier termination of the
forfeiture period without a forfeiture and the satisfaction of or release from any other
conditions prescribed by the Committee, or at such earlier time as provided under the
provisions of Section 7.3, the restrictions applicable to the Restricted Shares shall
lapse. As promptly as administratively feasible thereafter, subject to the requirements of
Section 10.5, the Company shall deliver to the Participant or, in case of the
Participant’s death, to the Participant’s Beneficiary, one or more share certificates for
the appropriate number of shares of Common Stock, free of all such restrictions, except
for any restrictions that may be imposed by law.

7.2. Terms of Restricted Shares.

	 	(a)	 	Forfeiture Periods. A grant of Restricted Shares pursuant to this Article VII shall
be subject to a minimum forfeiture period of at least three (3) years, or such longer
period as the Committee, in its sole discretion, may determine. Notwithstanding the
foregoing, the Committee may grant shares of Restricted Shares with a forfeiture period of
at least two (2) years, or such longer period as the Committee, in its sole discretion,
may determine, so long as vesting is based on performance criteria and the Committee may
grant shares of Restricted Shares with a forfeiture period of less than three years as it
deems necessary for recruitment purposes.
	 
	 	(b)	 	Forfeiture of Restricted Shares. Subject to Sections 7.2(c) and 7.3, all Restricted
Shares shall be forfeited and returned to the Company and all rights of the Participant
with respect to such Restricted Shares shall terminate unless the Participant continues in
the service of the Company or a Subsidiary as an employee or non-employee director until
the expiration of the forfeiture period for such Restricted Shares and satisfies any and
all other conditions set forth in the Award Agreement. Subject to Section 7.2(a), the
Committee shall determine the forfeiture period (which may, but need not, lapse in
installments) and any other terms and conditions applicable with respect to any Restricted
Share Award.

11

 

	 	(c)	 	Waiver of Forfeiture Period. Notwithstanding anything contained in this Article VII
to the contrary, the Committee may, in its sole discretion, waive the forfeiture period
and any other conditions set forth in any Award Agreement under appropriate circumstances
(including the death, disability or Retirement of the Participant or a material change in
circumstances arising after the date of an Award) and subject to such terms and conditions
(including forfeiture of a proportionate number of the Restricted Shares) as the Committee
shall deem appropriate.

7.3. Change in Control. Unless otherwise provided by the Committee in the applicable Award
Agreement, in the event of a Change in Control, all restrictions applicable to the Restricted Share
Award shall terminate fully and the Participant shall immediately have the right to the delivery of
share certificate or certificates for such shares in accordance with Section 7.1(d).

Article VIII.

Performance Awards

8.1. Performance Awards.

	 	(a)	 	Award Periods and Calculations of Potential Incentive Amounts. The Committee may
grant Performance Awards to Participants. A Performance Award shall consist of the right
to receive a payment (measured by the Fair Market Value of a specified number of shares of
Common Stock, increases in such Fair Market Value during the Award Period and/or a fixed
cash amount) contingent upon the extent to which certain predetermined performance targets
have been met during an Award Period. Performance Awards may be made in conjunction with,
or in addition to, Restricted Share Awards made under Article VII. The Award Period shall
be two or more fiscal or calendar years as determined by the Committee. The Committee, in
its discretion and under such terms as it deems appropriate, may permit newly eligible
employees, such as those who are promoted or newly hired, to receive Performance Awards
after an Award Period has commenced.
	 
	 	(b)	 	Performance Targets. The performance targets may include such goals related to the
performance of the Company or, where relevant, any one or more of its Subsidiaries or
divisions and/or the performance of a Participant as may be established by the Committee
in its discretion. In the case of Performance Awards to “covered employees” (as defined in
Section 162(m) of the Code), the targets will be limited to specified levels of one or
more of the Performance Goals. The performance targets established by the Committee may
vary for different Award Periods and need not be the same for each Participant receiving a
Performance Award in an Award Period. Except to the extent inconsistent with the
performance-based compensation exception under Section 162(m) of the Code, in the case of
Performance Awards granted to employees to whom such section is applicable, the Committee,
in its discretion, but only under extraordinary circumstances as determined by the
Committee, may change any prior determination of performance targets for any Award Period
at any time prior to the final determination of the Award when events or transactions
occur to cause the performance targets to be an inappropriate measure of achievement.

12

 

	 	(c)	 	Earning Performance Awards. The Committee, at or as soon as practicable after the
Date of Grant, shall prescribe a formula to determine the percentage of the Performance
Award to be earned based upon the degree of attainment of performance targets.
	 
	 	(d)	 	Payment of Earned Performance Awards. Subject to the requirements of Section 10.5,
payments of earned Performance Awards shall be made in cash or Common Stock, or a
combination of cash and Common Stock, in the discretion of the Committee. The Committee,
in its sole discretion, may define such terms and conditions with respect to the payment
of earned Performance Awards as it may deem desirable.

8.2. Terms of Performance Awards.

	 	(a)	 	Termination of Employment. Unless otherwise provided below or in Section 8.3, in the
case of a Participant’s Termination of Employment prior to the end of an Award Period, the
Participant will not have earned any Performance Awards.
	 
	 	(b)	 	Retirement. If a Participant’s Termination of Employment is because of Retirement
prior to the end of an Award Period, the Participant will not be paid any Performance
Awards, unless the Committee, in its sole and exclusive discretion, determines that an
Award should be paid. In such a case, the Participant shall be entitled to receive a
pro-rata portion of his or her Award as determined under Subsection (d).
	 
	 	(c)	 	Death or Disability. If a Participant’s Termination of Employment is due to death or
disability (as determined in the sole and exclusive discretion of the Committee) prior to
the end of an Award Period, the Participant or the Participant’s personal representative
shall be entitled to receive a pro-rata share of his or her Award as determined under
Subsection (d).
	 
	 	(d)	 	Pro-Rata Payment. The amount of any payment made to a Participant whose employment is
terminated by Retirement, death or disability (under circumstances described in
Subsections (b) and (c)) will be the amount determined by multiplying the amount of the
Performance Award which would have been earned, determined at the end of the Award Period,
had such employment not been terminated, by a fraction, the numerator of which is the
number of whole months such Participant was employed during the Award Period, and the
denominator of which is the total number of months of the Award Period. Any such payment
made to a Participant whose employment is terminated prior to the end of an Award Period
under this Section 8.2 shall be made at the end of the respective Award Period, unless
otherwise determined by the Committee in its sole discretion. Any partial payment
previously made or credited to a deferred account for the benefit of a Participant as
provided under Section 8.1(d) of the Plan shall be subtracted from the amount otherwise
determined as payable as provided in this Section.
	 
	 	(e)	 	Other Events. Notwithstanding anything to the contrary in this Article VIII, the
Committee may, in its sole and exclusive discretion, determine to pay all or any portion
of a Performance Award to a Participant who has terminated employment prior to the end of
an Award Period under certain circumstances (including the death, disability or

13

 

	 	 	 	Retirement of the Participant or a material change in circumstances arising after the Date
of Grant) and subject to such terms and conditions as the Committee shall deem appropriate.

8.3. Change in Control. Unless otherwise provided by the Committee in the applicable Award
Agreement, in the event of a Change in Control, all Performance Awards for all Award Periods shall
immediately become fully payable to all Participants and shall be paid to Participants in
accordance with Section 8.2(d) within 30 days after such Change in Control.

8.4. Grant of Other Stock-Based Awards. Other stock-based awards, consisting of stock purchase
rights, Awards of cash, Awards of Common Stock, or Awards valued in whole or in part by reference
to, or otherwise based on, Common Stock, may be granted either alone or in addition to or in
conjunction with other Awards under the Plan. Subject to the provisions of the Plan, the Committee
shall have sole and complete authority to determine the persons to whom and the time or times at
which such Awards shall be made, the number of shares of Common Stock to be granted pursuant to
such Awards, and all other conditions of the Awards. Any such Award shall be confirmed by an Award
Agreement executed by the Company and the Participant, which Award Agreement shall contain such
provisions as the Committee determines to be necessary or appropriate to carry out the intent of
this Plan with respect to such Award.

8.5. Terms of Other Stock-Based Awards. In addition to the terms and conditions specified in the
Award Agreement, Awards made pursuant to this Article VIII shall be subject to the following:

	 	(a)	 	Any Common Stock subject to Awards made under this Article VIII may not be sold,
assigned, transferred, pledged or otherwise encumbered prior to the
date on which the shares are issued, or, if later, the date on which any applicable restriction, performance
or deferral period lapses; and
	 
	 	(b)	 	If specified by the Committee in the Award Agreement, the recipient of an Award under
this Article VIII shall be entitled to receive, currently or on a deferred basis, interest
or dividends or dividend equivalents with respect to the Common Stock or other securities
covered by the Award; and
	 
	 	(c)	 	The Award Agreement with respect to any Award shall contain provisions dealing with
the disposition of such Award in the event of a Termination of Employment prior to the
exercise, realization or payment of such Award, whether such termination occurs because of
Retirement, disability, death or other reason, with such provisions to take account of the
specific nature and purpose of the Award.

8.6. Foreign Qualified Awards. Awards under the Plan may be granted to such employees of the
Company and its Subsidiaries who are residing in foreign jurisdictions as the Committee in its sole
discretion may determine from time to time. The Committee may adopt such supplements to the Plan as
may be necessary or appropriate to comply with the applicable laws of such foreign jurisdictions
and to afford Participants favorable treatment under such laws; provided, however, that no Award
shall be granted under any such supplement with terms or conditions inconsistent with the provision
set forth in the Plan.

14

 

Article IX.

Short-Term Cash Incentive Awards

9.1. Eligibility. Executive officers of the Company who are from time to time determined by the
Committee to be “covered employees” for purposes of Section 162(m) of the Code will be eligible to
receive short-term cash incentive awards under this Article IX.

9.2. Awards.

	 	(a)	 	Performance Targets. For each fiscal year of the Company, the Committee shall
establish objective performance targets based on specified levels of one or more of the
Performance Goals. Such performance targets shall be established by the Committee on a
timely basis to ensure that the targets are considered “preestablished” for purposes of
Section 162(m) of the Code.
	 
	 	(b)	 	Amounts of Awards. In conjunction with the establishment of performance targets for a
fiscal year, the Committee shall adopt an objective formula (on the basis of percentages
of Participants’ salaries, shares in a bonus pool or otherwise) for computing the
respective amounts payable under the Plan to Participants if and to the extent that the
performance targets are attained. Such formula shall comply with the requirements
applicable to performance-based compensation plans under Section 162(m) of the Code and,
to the extent based on percentages of a bonus pool, such percentages shall not exceed 100%
in the aggregate.
	 
	 	(c)	 	Payment of Awards. Awards will be payable to Participants in cash each year upon
prior written certification by the Committee of attainment of the specified performance
targets for the preceding fiscal year.
	 
	 	(d)	 	Negative Discretion. Notwithstanding the attainment by the Company of the specified
performance targets, the Committee shall have the discretion, which need not be exercised
uniformly among the Participants, to reduce or eliminate the award that would be otherwise
paid.
	 
	 	(e)	 	Guidelines. The Committee may adopt from time to time written policies for its
implementation of this Article IX. Such guidelines shall reflect the intention of the
Company that all payments hereunder qualify as performance-based compensation under
Section 162(m) of the Code.
	 
	 	(f)	 	Non-Exclusive Arrangement. The adoption and operation of this Article IX shall not
preclude the Board or the Committee from approving other short-term incentive compensation
arrangements for the benefit of individuals who are Participants hereunder as the Board or
Committee, as the case may be, deems appropriate and in the best interests of the Company.

15

 

Article X.

Terms Applicable Generally to Awards

Granted Under the Plan

10.1. Plan Provisions Control Award Terms. The terms of the Plan shall govern all Awards granted
under the Plan, and in no event shall the Committee have the power to grant any Award under the
Plan which is contrary to any of the provisions of the Plan. In the event any provision of any
Award granted under the Plan shall conflict with any term in the Plan as constituted on the Date of
Grant of such Award, the term in the Plan as constituted on the Date of Grant of such Award shall
control. Except as provided in Section 10.3 and Section 10.7, the terms of any Award granted under
the Plan may not be changed after the Date of Grant of such Award so as to materially decrease the
value of the Award without the express written approval of the holder.

10.2. Award Agreement. No person shall have any rights under any Award granted under the Plan
unless and until the Company and the Participant to whom such Award shall have been granted shall
have executed and delivered an Award Agreement or received any other Award acknowledgment
authorized by the Committee expressly granting the Award to such person and containing provisions
setting forth the terms of the Award.

10.3. Modification of Award After Grant. No Award granted under the Plan to a Participant may be
modified (unless such modification does not materially decrease the value of the Award) after the
Date of Grant except by express written agreement between the Company and the Participant, provided
that any such change (a) shall not be inconsistent with the terms of the Plan, and (b) shall be
approved by the Committee.

10.4. Limitation on Transfer. Except as provided in Section 7.1(c) in the case of Restricted
Shares, a Participant’s rights and interest under the Plan may not be assigned or transferred other
than by will or the laws of descent and distribution, and during the lifetime of a Participant,
only the Participant personally (or the Participant’s personal representative) may exercise rights
under the Plan. The Participant’s Beneficiary may exercise the Participant’s rights to the extent
they are exercisable under the Plan following the death of the Participant. Notwithstanding the
foregoing, the Committee may grant Non-Qualified Stock Options that are transferable, without
payment of consideration, to immediate family members of the Participant or to trusts or
partnerships for such family members, and the Committee may also amend outstanding Non-Qualified
Stock Options to provide for such transferability.

10.5. Taxes. The Company shall be entitled, if the Committee deems it necessary or desirable, to
withhold (or secure payment from the Participant in lieu of withholding) the amount of any
withholding or other tax required by law to be withheld or paid by the Company with respect to any
amount payable and/or shares issuable under such Participant’s Award, or with respect to any income
recognized upon a disqualifying disposition of shares received pursuant to the exercise of an
Incentive Stock Option, and the Company may defer payment or issuance of the cash or shares upon
exercise or vesting of an Award unless indemnified to its satisfaction against any liability for
any such tax. The amount of such withholding or tax payment shall be determined by the Committee
and shall be payable by the Participant at such time as the Committee determines in accordance with
the following rules:

16

 

	 	(a)	 	The Participant shall have the right to elect to meet his or her withholding
requirement (i) by having withheld from such Award at the
appropriate time that number of shares of Common Stock, rounded up to the next whole share, whose Fair Market Value is
equal to the amount of withholding taxes due, (ii) by direct payment to the Company in
cash of the amount of any taxes required to be withheld with respect to such Award or
(iii) by a combination of shares and cash.
	 
	 	(b)	 	The Committee shall have the discretion as to any Award, to cause the Company to pay
to tax authorities for the benefit of any Participant, or to reimburse such Participant
for the individual taxes which are due on the grant, exercise or vesting of any share
Award, or the lapse of any restriction on any share Award (whether by reason of a
Participant’s filing of an election under Section 83(b) of the Code or otherwise),
including, but not limited to, Federal income tax, state income tax, local income tax and
excise tax under Section 4999 of the Code, as well as for any such taxes as may be imposed
upon such tax payment or reimbursement.
	 
	 	(c)	 	In the case of Participants who are subject to Section 16 of the Exchange Act, the
Committee may impose such limitations and restrictions as it deems necessary or
appropriate with respect to the delivery or withholding of shares of Common Stock to meet
tax withholding obligations.

10.6. Surrender of Awards. Any Award granted under the Plan may be surrendered to the Company for
cancellation on such terms as the Committee and the holder approve.

10.7. Adjustments to Reflect Capital Changes.

	 	(a)	 	Recapitalization. The number and kind of shares subject to outstanding Awards, the
Purchase Price or Exercise Price for such shares, the number and kind of shares available
for Awards subsequently granted under the Plan and the maximum number of shares in respect
of which Awards can be made to any Participant in any calendar year shall be appropriately
adjusted to reflect any stock dividend, stock split, combination or exchange of shares,
merger, consolidation or other change in capitalization with a similar substantive effect
upon the Plan or the Awards granted under the Plan. The Committee shall have the power and
sole discretion to determine the amount of the adjustment to be made in each case.
	 
	 	(b)	 	Merger. After any Merger in which the Company is the surviving corporation, each
Participant shall, at no additional cost, be entitled upon any exercise of all Options or
receipt of other Award to receive (subject to any required action by stockholders), in
lieu of the number of shares of Common Stock receivable or exercisable pursuant to such
Award, the number and class of shares or other securities to which such Participant would
have been entitled pursuant to the terms of the Merger if, at the time of the Merger, such
Participant had been the holder of record of a number of shares equal
to the number of shares receivable or exercisable pursuant to such Award. Comparable rights shall accrue to
each Participant in the event of successive Mergers of the character described above. In
the event of a Merger in which the Company is not the surviving corporation, the
surviving, continuing, successor, or purchasing corporation, as the case

17

 

	 	 	 	may be (the “Acquiring Corporation”), shall either assume the Company’s rights and
obligations under outstanding Award Agreements or substitute awards in respect of the
Acquiring Corporation’s stock for such outstanding Awards. In the event the Acquiring
Corporation fails to assume or substitute for such outstanding Awards, the Board shall
provide that any unexercisable and/or unvested portion of the outstanding Awards shall be
immediately exercisable and vested as of a date prior to such Merger, as the Board so
determines. The exercise and/or vesting of any Award that was permissible solely by reason
of this Section 10.7(b) shall be conditioned upon the consummation of the Merger. Any
Options which are neither assumed by the Acquiring Corporation nor exercised as of the date
of the Merger shall terminate effective as of the effective date of the Merger.
	 
	 	(c)	 	Options to Purchase Shares or Stock of Acquired Companies. After any Merger in which
the Company or a Subsidiary shall be a surviving corporation, the Committee may grant
substituted options under the provisions of the Plan, pursuant to Section 424 of the Code,
replacing old options granted under a plan of another party to the Merger whose shares or
stock subject to the old options may no longer be issued following the Merger. The
foregoing adjustments and manner of application of the foregoing provisions shall be
determined by the Committee in its sole discretion. Any such adjustments may provide for
the elimination of any fractional shares which might otherwise become subject to any
Options.

10.8. No Right to Employment. No employee or other person shall have any claim of right to be
granted an Award under this Plan. Neither the Plan nor any action taken hereunder shall be
construed as giving any employee any right to be retained in the employ of the Company or any of
its Subsidiaries.

10.9. Awards Not Includable for Benefit Purposes. Payments received by a Participant pursuant to
the provisions of the Plan shall not be included in the determination of benefits under any
pension, group insurance or other benefit plan applicable to the Participant which is maintained by
the Company or any of its Subsidiaries, except as may be provided under the terms of such plans or
determined by the Board.

10.10. Governing Law. All determinations made and actions taken pursuant to the Plan shall be
governed by the laws of the State of Delaware and construed in accordance therewith. Any action,
claim, unit or demand brought by or on behalf of a Participant in connection with any Award under
this Plan shall be brought in a court of competent jurisdiction over actions arising in Allegheny
County, Pennsylvania, the sites of the Company’s headquarters and the general operation of its
business.

10.11. No Strict Construction. No rule of strict construction shall be implied against the
Company, the Committee, or any other person in the interpretation of any of the terms of the Plan,
any Award granted under the Plan or any rule or procedure established by the Committee.

10.12. Compliance with Rule 16b-3. It is intended that unless the Committee determines otherwise,
Awards under the Plan be eligible for exemption under Rule 16b-3. The Board is authorized to amend
the Plan and to make any such modifications to Award Agreements to

18

 

comply with Rule 16b-3, as it may be amended from time to time, and to make any other such
amendments or modifications as it deems necessary or appropriate to better accomplish the purposes
of the Plan in light of any amendments made to Rule 16b-3.

10.13. Captions. The captions (i.e., all Section headings) used in the Plan are for convenience
only, do not constitute a part of the Plan, and shall not be deemed to limit, characterize or
affect in any way any provisions of the Plan, and all provisions of the Plan shall be construed as
if no captions have been used in the Plan.

10.14. Severability. Whenever possible, each provision in the Plan and every Award at any time
granted under the Plan shall be interpreted in such manner as to be effective and valid under
applicable law, but if any provision of the Plan or any Award at any time granted under the Plan
shall be held to be prohibited by or invalid under applicable law, then (a) such provision shall be
deemed amended to accomplish the objectives of the provision as originally written to the fullest
extent permitted by law and (b) all other provisions of the Plan and every other Award at any time
granted under the Plan shall remain in full force and effect.

10.15. Amendment and Termination.

	 	(a)	 	Amendment. The Board shall have complete power and authority to amend the Plan at any
time; provided, however, that the Board shall not, without the requisite affirmative
approval of stockholders of the Company, make any amendment which materially modifies the
Plan by increasing the benefits accrued to Participants under the Plan; increasing the
number of securities which may be issued under the Plan; modifying the requirements for
participation in the Plan; or including a provision allowing the Board to lapse or waive
restrictions at its discretion; or which requires stockholder approval under the Code,
unless such compliance is no longer desired under the Code, or under any other applicable
law or rule of any stock exchange which lists Common Stock or Company Voting Securities.
No termination or amendment of the Plan may, without the consent of the Participant to
whom any Award shall theretofore have been granted under the Plan, adversely affect the
right of such individual under such Award.
	 
	 	(b)	 	Termination. The Board shall have the right and the power to terminate the Plan at
any time. No Award shall be granted under the Plan after the termination of the Plan, but
the termination of the Plan shall not have any other effect and any Award outstanding at
the time of the termination of the Plan may be exercised after termination of the Plan at
any time prior to the expiration date of such Award to the same extent such Award would
have been exercisable had the Plan not terminated.

* * * * * *

19

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