Document:

executiveretireplanagreement.htm

    EXHIBIT
      10.5

    

    

    

    

    

    

    The
      CORPORATE plan
      for
      RetirementSM

    EXECUTIVE
Plan

    

    

    

    

    Adoption
      Agreement

    

    

    

    

    

    IMPORTANT
      NOTE

    

    This
      document has not been approved by
      the Department of Labor, the Internal Revenue Service or any other governmental
      entity. An Employer must determine whether the plan is subject to the Federal
      securities laws and the securities laws of the various states. An Employer
      may
      not rely on this document to ensure any particular tax consequences or to ensure
      that the Plan is "unfunded and maintained primarily for the purpose of providing
      deferred compensation to a select group of management or highly compensated
      employees" under the Employee Retirement Income Security Act with respect to
      the
      Employer's particular situation. Fidelity Management Trust Company, its
      affiliates and employees cannot and do not provide legal or tax advice or
      opinions in connection with this document. This document does not constitute
      legal or tax advice or opinions and is not intended or written to be used,
      and
      it cannot be used by any taxpayer, for the purposes of avoiding penalties that
      may be imposed on the taxpayer. This document must
      be reviewed by the Employer’s attorney
      prior to adoption.

    
      
        
        

      

      
        
        

        
        

      

      
        
        

      

    

    ADOPTION
      AGREEMENT

    ARTICLE
      1

    

    

    

    1.01           
      PLAN
      INFORMATION

    

    
      	
               

            	
               (a)

            	
              Name
                of
                Plan:

            

    

    

     

    
      	
               

            	
              This
                is the Hub
                Group, Inc. Non-Qualified Deferred Compensation Plan(the
                "Plan").

            

    

    

    

    
      	
               

            	
              (b)

            	
              Plan
                Status (Check
                one.): 

            

    

    

    
      	
               

            	 (1)	
               

            	
              Adoption
                Agreement effective date: 01/01/2008.

            

    

     

    
      	
               

            	 (2)	
              
                 

              

            	
              The
                Adoption Agreement effective date is (Check (A) or
                check and
                complete (B)): 

            

    

     

    
      	
               

            	
               (A)

            	
              ☐

            	
              A
                new Plan effective date. 

            

    

     

    
      	
               

            	
               (B)

            	
              x

            	
              An
                amendment and restatement of
                the Plan. The original effective date of the Plan
                was:  01/01/2005.

            

    

    

    
      	
               

            	
              (c)

            	
              Name
                of Administrator, if not the
                Employer

            

    

     

    
      
        	
                 

              	
                 

              	
                                                                                                                                                                  
                  

              

      

       

    

     

    1.02     EMPLOYER

    

    

     

    
      	 	
              (a)

            	
              Employer
                Name:  Hub
                Group, Inc.

            

    

    

    

    
      	
               

            	
              (b)

            	
              The
                term "Employer" includes the
                following Related Employer(s)

              (as defined in Section 2.01(a)(25))
                participating in the Plan:

            

    

    
    

     

    
      	
               

            	
               

            	
              Hub City Terminals, Inc.

              Hub City Texas, LP

              Quality Services, LLC

              Comtrak Logistics,
                Inc.

            

    

                            

    1.03            
       COVERAGE

    

    (Check
      (a) and/or
      (b).)

    

    
      	
               

            	
              (a)  
x

            	
              The
                following Employees are
                eligible to participate in the Plan (Check
                (1) or
                (2)):

            

    

    

    
      	
               

            	
              (1)   xOnly
                those Employees designated in
                writing by the Employer, which writing is  hereby
                incorporated

                        
                 herein.

            

    

    
      	
               

            	
              (2)   ☑Only
                those Employees in the
                eligible class described
                below:

            

    

     

    

     

    

    
      	
               

            	
              (b)  
x

            	
              The
                following Directors are
                eligible to participate in the Plan (Check
                (1) or
                (2)):

            

    

    

    
      	
               

            	
              (1)   ☐Only
                those Directors designated in
                writing by the Employer, which writing is hereby
                incorporated

                        
                 herein.

            

    

    
      	
               

            	
              (2)   x All
                Directors, effective as of the
                later of the date in 1.01(b) or the date the Director becomes a
                Director.

            

    

    

    (Note:  A
      designation in
      Section 1.03(a)(1) or Section 1.03(b)(1) or a description in Section 1.03(a)(2)
      must include the effective date of such participation.)

    

    

    1.04           
      COMPENSATION

    

    (If
      Section 1.03(a) is selected, select
      (a) or (b). If Section 1.03(b) is selected, complete (c))

    

    For
      purposes of determining all
      contributions under the Plan:

    

     

    
      	
               

            	
              (a)  
                ☐

            	
              Compensation
                shall be as defined,
                with respect to Employees, in the _________________ Plan
                maintained by the
                Employer:

            

    

     

    
      	
               

            	
              (1)   ☐  to
                the extent it is in excess
                of the limit imposed under Code section
                401(a)(17).

            

       

    

    
      	
               

            	
              (2)   ☐ 
                notwithstanding
                the
                limit imposed under Code section
                401(a)(17).

            

    

    

    

    
      	
               

            	
              (b)  
x

            	
              Compensation
                shall be as defined
                in Section 2.01(a)(9) with respect to Employees (Check
                (1),
                and/or (2) below, if, and as, appropriate):

            

    

    

     

    
      	
               

            	
              (1)    ☐ 
                but excluding
                the
                following:

            

    

    

    

    
      	
               

            	
              (2)    ☐ 
                but excluding
                bonuses, except those bonuses listed in the table in Section
                1.05(a)(2). 

            

    

     

    

    
      
        	
                 

              	
                (c)  
x

              	
                Compensation
                  shall be as defined
                  in Section 2.01(a)(9)(c) with respect to Directors,
                  but  excluding the
                  following

              

      

      
 

    

    
      	
               

            	
              All
                monies paid to Directors as a member of the Board of Directors of
                the
                Employer except__retainer
                fees, meeting fees and
                committee fees.

            

    

    

    

    1.05           
      CONTRIBUTIONS
      ON BEHALF OF EMPLOYEES

    

    

    
      	
               

            	
              (a)

            	
              Deferral
Contributions
(Complete
                all
                that apply):

            

    

    

    
      	
               

            	
               

            	
               

            	
               

            

    

    
      	
               

            	
              (1)  x  Deferral
                Contributions. Subject to any minimum or maximum deferral amount
provided
                below, the Employer shall
                make a Deferral Contribution in accordance with,
                and subject to, Section 4.01
                on behalf of each Participant who has anexecuted
                salary reduction
                agreement in effect with the Employer for the applicable
                calendar year (or
                portion of the applicable calendar
                year).

            

    

    
 

    
    

    

 

    
      	
              Deferral
                Contributions

              Type
                of
                Compensation

            	
              Dollar
                Amount

            	
              %
                Amount

            
	
              Min

            	
              Max

            	
              Min

            	
              Max

            
	
              Base
                Salary

            	 	 	
              0

            	
              50

            
	 	 	 	 	 
	 	 	 	 	 

    

    
      	
               

            	
              

                            

            

    

     

    
      
        	
                 

              	
                (Note:  With
                  respect to each type of Compensation, list the minimum and maximum
                  dollar
                  amounts or percentages as
                  whole dollar amounts or whole number
                  percentages.) 

              

      

    

    
      	
               

            	
              (2)  x 
Deferral
                Contributions with
                respect to Bonus Compensation only. The Employer requires Participants
                to
                enter into a special salary reduction agreement to make Deferral
                Contributions with respect to one or more Bonuses, subject to minimum
                and
                maximum deferral limitations, as provided in the table
                below.

            

    

     

    

 

    
      	 
	 

              Treated
                As

            	 

              Dollar
                Amount

            	 

              %
                Amount

            
	
              Deferral
                Contributions

              Type
                of
                Bonus

            	 

              Performance
                Based

            	 Non-Performance
              Based	 Min	 Max	 Min	 Max
	 Bonus
              Compensation	 X	 	 	 	 0	 90
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 

    

    

    (Note:  With
      respect to eachtype of Bonus,list the minimum and maximum dollar amounts or percentages as whole dollar
      amounts or whole number percentages.  In the event a bonus identified
      as a Performance-based Bonus above does not constitute a Performance-based
      Bonus
      with respect to any Participant, such Bonus will be treated as a
      Non-Performance-based Bonus with respect to such Participant.)

    

    

    

    
      	
               

            	
              (b)

            	
              Matching
                Contributions
                (Choose
                (1) or
                (2) below, and (3) below, as
                applicable):

            

    

    

    
      	
               

            	
              (1)

            	
              x

            	
              The
                Employer shall make a Matching
                Contribution on behalf of each Employee Participant in an amount
                described
                below:

            

    

    

     

    
      	
               

            	
              (A) ☐ ______%
                of the Employee Participant’s
                Deferral Contributions for the calendar
                year.

            

    

    

    
      	
               

            	
              (B) ☐ The
                amount, if any, declared by the Employer in writing, which writing
                is
                hereby incorporated herein.

            

    

     

    
      	
               

            	
              (C) x Other:   50%
                of the first 6% of the
                Participant's compensation contributed to the Plan up to a maximum
                of 3%
                of base salary for  employees.  A
                Participant who makes deferral contributions during the Plan Year
                under
                Section 1.05(a) shall be entitled to
                Matching Contributions
                for that Plan Year if the Participant is employed by the Employer on
                the last day of the Calendar Year. 

            

    

    

    
      	
               

            	
              (2)

            	
              ☐

            	
              Matching
                Contribution Offset. For
                each Employee Participant who has made elective contributions (as
                defined
                in 26 CFR section 1.401(k)-6 (“QP Deferrals”)) of the maximum permitted
                under Code section 402(g), or the maximum permitted under the terms
                of the
                ___________________________Plan
                (the “QP”),  to the
                QP, the Employer shall make a Matching  Contribution in an
                amount equal to (A) minus (B)
                below:

            

    

    

    
      	
            	
                  

            	
              (A)   The
                matching
                contributions (as defined in 26 CFR section 1.401(m)-1(a)(2) (“QP Match”))
                that the Employee Participant would have received under the QP on
                the sum
                of the Deferral Contributions and the Participant’s QP Deferrals,
                determined as though—

            

    

    

    
      	
              ·  

            	
              no
                limits otherwise imposed by the
                tax law applied to such QP match;
                and

            

    

    
      	
              ·  

            	
              the
                Employee Participant’s
                Deferral Contributions had been made to the
                QP.

            

    

    

    
      	
               

            	
               

            	
              (B)  
The
                QP Match
                actually made to such Employee Participant under the QP for the applicable
                calendar year.

            

    

    

    Provided,
      however, that the Matching
      Contributions made on behalf of any Employee Participant pursuant to this
      Section 1.05(b)(2) shall be limited as provided in Section 4.02
      hereof.

     

    
      	
               

            	
              (3)

            	
              ☑

            	
              Matching
                Contribution Limits (Check
                the
                appropriate box
                (es)):

            

     

    
      	
               

            	
              (A) ☐   Deferral
                Contributions in excess of ___of
                the Employee Participant’s
                Compensation for the calendar year shall not be considered
                for     Matching
                Contributions.

            

    

     

    
      	
               

            	
              (B)
 ☐  Matching
                Contributions
                for each Employee Participant for each calendar year shall be limited
                

              to
                $ ________.

            

    

    

    
      	
               

            	
              (c)

            	
              Employer
                Contributions

            

    

    

    
      	
            	
               

            	
               (1)
☐  Fixed
                Employer Contributions. The
                Employer shall make an Employer Contribution on behalf of each Employee
                Participant in an amount determined as described
                below:

            

    

     

    
    

     

    
      	
               

            	
              (2)
☐   Discretionary
                Employer Contributions. The
                Employer may make Employer
                Contributions to the accounts of Employee Participants in any amount
                (which   amount may be zero), as determined by the Employer
                in its sole discretion from time   to time in a writing,
                which is hereby incorporated
                herein.

            

    

    

    

    1.06            
      CONTRIBUTIONS
      ON BEHALF OF DIRECTORS

    

    
      	
               

            	
              (a) x 
                Director Deferral
                Contributions

            

    

    

    The
      Employer shall make a Deferral
      Contribution in accordance with, and subject to, Section 4.01 on behalf of
      each
      Director Participant who has an executed deferral agreement in effect with
      the
      Employer for the applicable calendar year (or portion of the applicable calendar
      year), which deferral agreement shall be subject to any minimum and/or maximum
      deferral amounts provided in the table below.

    

    
      	
              Deferral
                Contributions

              Type
                of
                Compensation

            	
              Dollar
                Amount

            	
              %
                Amount

            
	
              Min

            	
              Max

            	
              Min

            	
              Max

            
	
              Director
                Fees

            	 	 	
              0

            	
              50

            
	 	 	 	 	 
	 	 	 	 	 

    

    

    (Note:  With
      respect to each
      type of Compensation, list the minimum and maximum dollar amounts orpercentages
      as whole dollar amounts or
      whole number percentages.)

     

    
      	
               

            	
              (b) Matching
                and Employer
                Contributions:

            

    

     

    
      	
               

            	
              (1)  x  
                Matching
                Contributions.
                The Employer
                shall
                make a Matching Contribution on behalf of each Director Participant
                in an
                amount determined as described
                below:

            

    

     

    
      	
               

            	
            	
              50%
                of the first 6% of the
                Participant's Compensation contributed to the Plan up to
                a maximum of 3% of
                directors’fees
                for Directors.  A Director
                who makes deferral contributions
                during the Plan Year under Section 1.06(a) shall be entitled
                to_______Matching
                Contributions for that Plan Year if the Director is serving
                as a Director of the
                Employer.

            

    

     

    
      	
               

            	
              (2) o
Fixed
                Employer
                Contributions. The
                Employer shall make an
                Employer Contribution on behalf of each Director Participant in an
                amount
                determined as described
                below:

            

    

     

    
      	
               

            	
              (3)
o   
                Discretionary
                Employer Contributions. The
                Employer may make
                Employer

            

    

     

    
      	
               

            	
              Contributions
                to the accounts of
                Director Participants in any amount (which amount may be zero), as
                determined by the Employer in its sole discretion from time to time,
                in a
                writing, which is hereby incorporated
                herein.

            

    

    

    

    1.07
DISTRIBUTIONS

    

    The
      form and timing of distributions
      from the Participant’s vested Account shall be made consistent with the
      elections in this Section 1.07.

    

    (a)
      (1)   Distribution
      options to be provided to Participants 

     

    
      	 	
              
              

              (A)  Specified
                Date

            	
              
              

              (B)  Specified
                Age

            	
              
              

              (C)  Separation
                From
                Service

            	
              
              

              (D)  Earlier
                of
                Separation or Age

            	
              
              

              (E)  Earlier
                of
                Separation or Specified Date

            	
              
              

              (F)  Disability

            	
              
              

              (G)
                Change in
                Control

            	
              
              

              (H)  Death

            
	
              
              

              Deferral
                Contribution

            	
              xLump  Sum

              
              

              xInstallments

            	
              ☐Lump
                Sum

              
              

              ☐Installments

            	
              xLump
                Sum

              
              

              xInstallments

            	
              ☐Lump
                Sum

              
              

              ☐Installments

            	
              ☐Lump
                Sum

              
              

              ☐Installments

            	
              ☐Lump
                Sum

              
              

              ☐Installments

            	
              
              

              ☐Lump
                Sum

            	
              ☐Lump
                Sum

              
              

              ☐Installments

            
	
              
              

              Matching
                Contributions

            	
              ☐Lump
                Sum

              
              

              ☐Installments

            	
              ☐Lump
                Sum

              
              

              ☐Installments

            	
              xLump
                Sum

              
              

              xInstallments

            	
              ☐Lump
                Sum

              
              

              ☐Installments

            	
              ☐Lump
                Sum

              
              

              ☐Installments

            	
              ☐Lump
                Sum

              
              

              ☐Installments

            	
              
              

              ☐Lump
                Sum

            	
              ☐Lump
                Sum

              
              

              ☐Installments

            
	
              
              

              Employer
                Contributions

            	
              ☐Lump
                Sum

              
              

              ☐Installments

            	
              ☐Lump
                Sum

              
              

              ☐Installments

            	
              ☐Lump
                Sum

              
              

              ☐Installments

            	
              ☐Lump
                Sum

              
              

              ☐Installments

            	
              ☐Lump
                Sum

              
              

              ☐Installments

            	
              ☐Lump
                Sum

              
              

              ☐Installments

            	
              
              

              ☐Lump
                Sum

            	
              ☐Lump
                Sum

              
              

              ☐Installments

            

    

    

    

    (Note:  If
      the Employer elects
      (F), (G), or (H)  above, the Employer must also elect (A), (B), (C),
      (D), or (E) above, and the Participant must also elect (A), (B), (C), (D),
      or
      (E) above. In the event the Employer elects only a single payment trigger and/or
      payment method above, then such single payment trigger and/or payment method
      shall automatically apply to the Participant. If the employer
      elects to
      provide for payment upon a specified date or age, and the employer applies
      a
      vesting schedule to amounts that may be subject to such payment trigger(s),
      the
      employer must apply a minimum deferral period, the number of years of
      which must be greater than the number of years required
      for 100% vesting in any such amounts.  If the employer elects to
      provide for payment upon disability, and the employer applies a vesting schedule
      to amounts that may be subject to such payment trigger, the employer must also
      elect to apply 100% vesting in any such amounts upon disability and/or
      death.)

    

    
      	
               

            	
              (2)

            	
              x

            	
              A
                Participant incurs a Disability
                when the Participant (Check
                at
                least one if Section 1.07(a)(1)(F) or if Section 1.08(e)(3) is
                elected):

            

    

    

    
      	
              
              

              (A)

            	
              x

            	
              
              

              is
                unable to engage in any
                substantial gainful activity by reason of any medically determinable
                physical or mental impairment that can be expected to result in death
                or
                can be expected to last for a continuous period of not less than
                12
                months.

              
              

            
	
              
              

              (B)

            	
              ☐

            	
              
              

              is,
                by reason of any medically
                determinable physical or mental impairment that can be expected to
                result
                in death or can be expected to last for a continuous period of not
                less
                than 12 months, receiving income replacement benefits for a period
                of not
                less than 3 months under an accident and health plan covering employees
                of
                the Employer.

              
              

            
	
              
              

              (C)

            	
              ☐

            	
              
              

              is
                determined to be totally
                disabled by the Social Security Administration or the Railroad Retirement
                Board.

              
              

            
	
              
              

              (D)

            	
              ☐

            	
              
              

              is
                determined to be disabled
                pursuant to the following disability insurance program: ________________________________ the
                definition of disability under
                which complies with the requirements in regulations under Code section
                409A.

            

    

    

    (Note:  If
      more than one box
      above is checked, then the Participant will have a Disability if he satisfies
      at
      least one of the descriptions corresponding to one of such checked
      boxes.)

    

    
      	
               

            	
               (3)x

            	
               Regardless
                of any payment trigger
                and, as applicable, payment method, to which the Participant would
                otherwise be subject pursuant to (1) above, the first to occur of
                the
                following Plan-level payment triggers will cause payment to the
                Participant commencing pursuant to Section 1.07(c)(1)
below
in
                a lump sum, provided
                such Plan-level payment
                trigger occurs prior to the payment trigger to which the Participant
                would
                otherwise be subject.

            

    

    

    
      	
              Payment
                Trigger

              
              

            
	
              
              

              (A)

            	
               o

            	
              
              

              Separation
                from Service prior
                to:   _____________________________

               

            
	
              
              

              (B)

            	
               o

            	
              
              

              Separation
                from
                Service

               

            
	
              
              

              (C)

            	
               x

            	
              
              

              Death

               

            
	
              
              

              (D)

            	
               x

            	
              
              

              Change
                in
                Control

               

            

    

    

    
      	
               

            	
              (b)      Distribution
                Election Change

            

                A
      Participant

    

    
      	 	(1) o	
               shall

               

            
	 	(2)x  	
               shall
                not

               

            

    

    

    be
      permitted to modify a scheduled
      distribution election in accordance with Section 8.01(b)
      hereof.

    

    

    
      	
               

            	
              (c)      Commencement
                of Distributions

            

    

    

    
      	
               

            	
              (1)

            	
              Each
                lump sum distribution and the
                first distribution in a series of installment payments (if applicable)
                shall commence as elected in (A), (B) or (C)
                below:

            

    

    

    
      	
               (A)
x

            	
              
              

              Monthly
                on the 1st day
                of the month which day next
                follows the applicable triggering event described in
                1.07(a).

               

            
	
               (B)
☐

            	
              
              

              Quarterly
                on the _____day
                of the following months
                ____________,
______________,
_______________,
                or ____________(list
                one month in each calendar
                quarter) which day next follows the applicable triggering event described
                in 1.07(a).

               

            
	
               (C)
☐

            	
              
              

              Annually
                on the ___day
                of ______(month)
                which day next follows the
                applicable triggering event described in 1.07(a).

               

            

    

    

    (Note:  Notwithstanding
      the
      above: a six-month delay shall be imposed with respect to certain distributions
      to Specified Employees; a Participant who chooses payment on a Specified Date
      will choose a month, year or quarter (as applicable) only, and payment will
      be
      made on the applicable date elected in (A), (B) or (C) above that falls within
      such month, year or quarter elected by the Participant.)

    

    
      	
               

            	
              (2)

            	
              The
                commencement of distributions
                pursuant to the events elected in Section 1.07(a)(1) and Section
                1.07(a)(3) shall be modified by application of the
                following:

            

    

    

    
      	 	
              (A)
x

            	
              
              

              Separation
                from Service Event
                Delay – Separation from Service will be treated as not having occurred for
                6months
                after the date of such
                event.

               

            
	 	
              (B)
☐

            	
              
              

              Plan
                Level Delay – all
                distribution events (other than those based on Specified Date or
                Specified
                Age) will be treated as not having occurred for _____days
                (insert number of days but
                not more than
                30).

               

            

    

    

     

     

     

    
 

    
      	
               

            	
              (d)      Installment
                Frequency and Duration

            

    

     

    If
      installments are available under the
      Plan pursuant to Section 1.07(a), a Participant shall be permitted to elect
      that
      the installments will be paid (Complete
      1 and 2
      below):

     

    
      	
               

            	
              (1)

            	
              at
                the following
                intervals:

            

    

    
      	
               (A)
☐

            	
              
              

              Monthly
                commencing on the day
                elected in Section 1.07(c)(1).

               

            
	 (B)
☐	
              
              

              Quarterly
                commencing on the day
                elected in Section1.07 (c)(1) (with payments made at three-month
                intervals
                thereafter).

               

            
	 (C)
x	
              
              

              Annually
                commencing on the day
                elected in Section 1.07(c)(1).

               

            

    

    

    

    
      	
               

            	
              (2)

            	
              over
                the following term(s)
                (Complete
                either (A) or (B)):

            

    

    

    
      	
              (A) x

            	
              Any
                term of whole years between
                2(minimum
                of 1) and 10(maximum
                of
                30).

               

            
	 (B)
☐	
               Any
                of the whole year terms
                selected below.

               

            

    

    

    

    
      	
              ☐   1

            	
              ☐   2

            	
              ☐   3

            	
              ☐   4

            	
              ☐   5

            	
              ☐   6

            
	
              ☐   7

            	
              ☐   8

            	
              ☐   9

            	
              ☐10

            	
              ☐11

            	
              ☐12

            
	
              ☐13

            	
              ☐14

            	
              ☐15

            	
              ☐16

            	
              ☐17

            	
              ☐18

            
	
              ☐19

            	
              ☐20

            	
              ☐21

            	
              ☐22

            	
              ☐23

            	
              ☐24

            
	
              ☐25

            	
              ☐26

            	
              ☐27

            	
              ☐28

            	
              ☐29

            	
              ☐30

            

    

    

    (Note:  Only
      elect a term of
      one year if Section 1.07(d)(1)(A) and/or Section 1.07(d)(1)(B) is elected
      above.)

    

    
      	
               

            	
              (e)

            	
               Conversion
                to Lump
                Sum

            

 

    
      	
               

            	
              
              

              o 
                Notwithstanding anything herein to the contrary , if the Participant’s
                vested Account at the time such Account becomes payable to him hereunder
                does not exceed $ ________distribution
                of the Participant’s
                vested Account shall automatically be made in the form of a single
                lump
                sum at the time prescribed in Section 1.07(c)(1).

              
              

            

    

     

    
      	
               

            	
              (f)

            	
               Distribution
                Rules Applicable to
                Pre-effective Date Accruals

            

    

    

    
      	
               

            	
              
              

              o 
Benefits
                accrued under the Plan (subject to Code section 409A) prior to the
                date in
                Section 1.01(b)(1) above are subject to distribution rules not described
                in  Section 1.07(a) through (e), and such rules are described in
                Attachment A Re: PRE EFFECTIVE DATE ACCRUAL DISTRIBUTION
                RULES.

            

    

    

    

    1.08            
      VESTING
      SCHEDULE

     

     

        (a)           
      (1)            
The
      Participant’s vested percentage in
      Matching Contributions elected in Section 1.05(b)
      shall
        be based upon the following
        schedule and unless Section 1.08(a)(2) is checked

      below
        will be based on the elapsed time
        method as described
in
        Section
        7.03(b).       

    

    
    

     

     

     

    

    
      	
               Years
                of
                Service  

            	
               Vesting
                %

            
	
               1

            	
               0

            
	 2	 0
	 3	 100

    

     

     (2)    x    Vesting
      shall be based on the class year
      method as described in Section 7.03(c).

    

    (b)           
      (1)          
The
      Participant’s vested
      percentage in Employer Contributions elected in Section
      1.05(c)

     shall
      be based upon the following
      schedule and unless Section 1.08(b)(2) is checked below will be based on the
      elapsed time  method as describedin
      Section  
7.03(b).

    

    Years
      of
      Service                                                
Vesting
      %

     

     

    
    

     (2)    o       Vesting
      shall be based on the class year
      method as described in Section 7.03(c).

    

    (c)    o     
      Years of Service shall exclude
      (Check
      one.):

    

    
      	
               

            	
              (1)  ☐for
                new plans, service prior to
                the Effective Date as defined in Section
                1.01(b)(2)(A).

            

    

    

    
      	
               

            	
              (2)  ☐for
                existing plans converting from
                another plan document, service prior to the original  Effective
                Date as defined in Section
                1.01(b)(2)(B).

            

    

    

    (Note:
      Do not elect to apply this
      Section 1.08(c) if vesting is based only on the class year
      method.)

    

    
      	
               

            	
              (d)
x

            	 	
              Notwithstanding
                anything to the
                contrary herein, a Participant
                will forfeit his
                Matching Contributions and Employer Contributions (regardless of
                whether
                vested) upon the occurrence of the following
                event(s):

            

    

     

    Employment
      by or work for a competitor
      or engaging in a competitive business within one
      year of separation
      from service.

     

    

     

    (Note:
      Contributions with respect to
      Directors, which are 100% vested at all times, are subject to the rule in this
      subsection (d).)

    

    
      	
               

            	
              (e)

            	
              A
                Participant will be 100% vested
                in his Matching Contributions and Employer Contributions upon (Check
                the
                appropriate box(es)):

            

    

    

    
      	
               

            	
              (1)
☐ 
                Retirement
                eligibility is the date the Participant attains age ___and
                completes ___Years
                of Service, as defined in
                Section 7.03(b).

               

            
	 	
              (2)
x   Death.

               

            
	 	
              (3)
x   The
                date on
                which the Participant becomes disabled, as determined under Section
                1.07(a)(2). 

            

    

    
    

     

    
      
      

       

      
        
        

      

       

    

    
    

    

    (Note:
      Participants will automatically
      vest upon Change in Control if Section 1.07(a)(1)(G) is
      elected.)

    

    

    
      	
               

            	
              (f)
o

            	
               

            	
              Years
                of Service in Section 1.08
                (a)(1) and Section 1.08 (b)(1) shall include service with the following
                employers:

            

    

     

    

     

     

    
 

    

    1.09            
      INVESTMENT
      DECISIONS

    

    A
      Participant’s Account shall be treated
      as invested in the Permissible Investments as directed by the Participant unless
      otherwise provided below:

     

    

    

    1.10   
  ADDITIONAL
      PROVISIONS

    

    The
      Employer may elect Option below and
      complete the Superseding Provisions Addendum to describe overriding provisions
      that are not otherwise reflected in this Adoption Agreement.

    

    
      	
              x 

            	
              The
                Employer has completed the
                Superseding Provisions Addendum to reflect the provisions of the
                Plan that
                supersede provisions of this Adoption Agreement and/or the Basic
                Plan
                Document.

            

    

     

    

     

    

     

    
      
        
        

      

      
        
        

        
        

      

      
        
        

      

    

    

    

     

     

    

    EXECUTION
      PAGE

    (Fidelity’s
      Copy)

    

    

    

    IN
      WITNESS WHEREOF, the Employer has
      caused this Adoption Agreement to be executed this ___14th_____day of _December_,
      2007_.

    

    
      
        	
                 

              	
                Employer:

              	  Hub
                Group, Inc.  
                                                                            
                

      

      

      
        	
                 

              	
                By:

              	_/s/ David
                P.
                Yeager________________

      

      

      
        	
                 

              	
                Title:

              	_Chief Executive
                Officer_____________

      

      

      
      

    

    

    

    

    

    
      
        
        

      

      
        
        

        
        

      

      
        
        

      

    

    EXECUTION
      PAGE

    (Employer's
      Copy)

    

    

    

    
      IN
        WITNESS WHEREOF, the Employer has
        caused this Adoption Agreement to be executed this ___14th_____day of _December_,
        2007_.

       

    

    
      
        	
                 

              	
                Employer:

              	_Hub Group,
                Inc.__________________

      

      

      
        	
                 

              	
                By:

              	_/s/ David
                P.
                Yeager________________

      

      

      
        	
                 

              	
                Title:

              	_Chief Executive
                Officer_____________

      

      

      
      

     

    

    
      
        
        

      

      
        
        

        
        

      

      
        
        

      

    

    AMENDMENT
      EXECUTION
      PAGE

    (Fidelity’s
      Copy)

    

    

    Plan
      Name:                                
Hub
      Group, Inc. Non-Qualified Deferred Compensation Plan(the “Plan”)

    

    Employer:                                
      Hub
      Group, Inc.

    

    (Note:
      These execution pages are to be
      completed in the event the Employer modifies any prior election(s) or makes
      a
      new election(s) in this Adoption Agreement.  Attach the amended
      page(s) of the Adoption Agreement to these execution pages.)

    

    The
      following section(s) of the Plan are
      hereby amended effective as of the date(s) set forth below:

    

    
      	
              
              

              Section
                Amended

              
              

            	
              
              

              Effective
                Date

              
              

            
	
               

               

            	 
	
               

               

            	 
	
               

               

            	 
	
               

               

            	 

    

    

    

    IN
      WITNESS WHEREOF, the Employer has
      caused this Amendment to be executed on the date below.

    

    
      	
               

            	
              Employer:

            	_Hub Group,
              Inc.__________________

    

    

    
      	
               

            	
              By:

            	_/s/ David
              P.
              Yeager________________

    

    

    
      	
               

            	
              Title:

            	_Chief Executive
              Officer_____________

    

    

    
      	
               

            	
              Date:

            	_12-14-07________________________

    

    

    

    

    
      
        
        

      

      
        
        

        
        

      

      
        
        

      

    

    AMENDMENT
      EXECUTION
      PAGE

    (Employer’s
      Copy)

    

    

    Plan
      Name:                                
Hub
      Group, Inc. Non-Qualified Deferred Compensation Plan(the “Plan”)

    

    Employer:                                
      Hub
      Group, Inc.

    

    (Note:
      These execution pages are to be
      completed in the event the Employer modifies any prior election(s) or makes
      a
      new election(s) in this Adoption Agreement. Attach the amended page(s) of the
      Adoption Agreement to these execution pages.)

    

    
      
        	
                
                

                Section
                  Amended

                
                

              	
                
                

                Effective
                  Date

                
                

              
	
                 

                 

              	 
	
                 

                 

              	 
	
                 

                 

              	 
	
                 

                 

              	 

      

      

      

    

    

    

    IN
      WITNESS WHEREOF, the Employer has
      caused this Amendment to be executed on the date below.

     

     

     

    
      
        	
                 

              	
                Employer:

              	_Hub Group,
                Inc.__________________

      

      

      
        	
                 

              	
                By:

              	_/s/ David
                P.
                Yeager_______________

      

      

      
        	
                 

              	
                Title:

              	_Chief Executive
                Officer_____________

      

      

      
        	
                 

              	
                Date:

              	_12-14-07_______________________

      

    

    
    

    

    
    

    

    
    

    

    
    

    

    
      
        
        

      

      
        
        

        
        

      

      
        
        

      

    

    
      	
               

            	
              ATTACHMENT
                A

            

    

    

    
      	
               

            	
              Re:  PRE
                EFFECTIVE DATE
                ACCRUAL DISTRIBUTION RULES

            

    

    

    

    
      	
               

            	
              Plan
                Name:  Hub
                Group, Inc. Non-Qualified Deferred Compensation
                Plan

            

    

    

     

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    
      
        
        

      

      
        
        

        
        

      

      
        
        

      

    

    ATTACHMENT
      B

    

    Re:  SUPERSEDING
      PROVISIONS

    for

    Plan
      Name:  Hub
      Group,
      Inc. Non-Qualified Deferred Compensation Plan

     

    
      	
              (a)

            	
              Superseding
                Provision(s)
                –The
                following provisions supersede
                other provisions of this Adoption Agreement and/or the Basic Plan
                Document
                as described below:

            

    

     

    (1)
      Section 8.03 is deleted and replaced
      with the following:

     

          “The
      Plan does not allow Unforeseeable Emergency Withdrawals”.

         

    
    

                   
      (2)  Section 1.08(a)(1) is amended as follows: 

     

          
                Source
      02:  Employer Match

     

     

    
      
        	
                 Years
                  of
                  Service  

              	
                 Vesting
                  %

              
	
                 Less
                  than one1

              	
                 0

              
	 1	 0
	 2	 0
	 
                3 	 100

      

    

     

     

    
    

    
    

             

    

    The
      vesting schedule specified above applies to Participants with an account balance
      in Source 02 Employer Match as of January 1, 2008.  The vesting
      method on Source 02 is elapsed time.EXHIBIT 4.1

                          MED GEN, INC.
                 NONQUALIFIED STOCK OPTION PLAN

The purpose of the Med Gen, Inc. Non-Qualified Stock Option Plan
(the "Plan") is to provide (i) designated employees of Med Gen,
Inc. (the "Company") and its subsidiaries (ii) certain Key
Advisors (as defined in Section 4(a)) who perform services for
the Company or its subsidiaries and (iii) non-employee members of
the Board of Directors of the Company (the "Board") with the
opportunity to receive grants of nonqualified stock options. The
Company believes that the Plan will encourage the participants to
contribute materially to the growth of the Company, thereby
benefiting the Company's shareholders, and will align the
economic interests of the participants with those of the
shareholders.

1. Administration

(a) Committee. The Plan shall be administered and interpreted by
the Board of Directors or a committee appointed by the Board (the
Board of Directors in such capacity or any committee appointed by
the Board of Directors is referred to hereafter as the
"Committee"). The Committee as appointed by the Board shall
consist of two or more persons appointed by the Board, all of
whom may or may not be "outside directors" as defined under
section 162(m) of the Internal Revenue Code of 1986, as amended
(the "Code") and related Treasury regulations and may be "non-
employee directors" as defined under Rule 16b-3 under the
Securities Exchange Act of 1934, as amended (the "Exchange Act").

(b) Committee Authority. The Committee shall have the sole
authority to (i) determine the individuals to whom grants shall
be made under the Plan, (ii) determine the type, size and terms
of the grants to be made to each such individual, (iii) determine
the time when the grants will be made and the duration of any
applicable exercise or restriction period, including the criteria
for exercisability and the acceleration of exercisability, (iv)
amend the terms of an Outstanding Grant at any time and (v) deal
with any other matters arising under the Plan.

(c) Committee Determinations. The Committee shall have full power
and authority to administer and interpret the Plan, to make
factual determinations and to adopt or amend such rules,
regulations, agreements and instruments for implementing the Plan
and for the conduct of its business as it deems necessary or
advisable, in its sole discretion. The Committee's
interpretations of the Plan and all determinations made by the
Committee pursuant to the powers vested in it hereunder shall be
conclusive and binding on all persons having any interest in the
Plan or in any awards granted hereunder. All powers of the
Committee shall be executed in its sole discretion, in the best
interest of the Company, not as a fiduciary, and in keeping with
the objectives of the Plan and need not be uniform as to
similarly situated individuals.

2. Grants

Awards under the Plan will consist of grants of nonqualified
stock options as described in Section 5 ("Nonqualified Stock
Options," "Options" or "Grants.") All Grants shall be subject to
the terms and conditions set forth herein and to such other terms
and conditions consistent with this Plan as the Committee deems
appropriate and as are specified in writing by the Committee to
the individual in a grant instrument (the "Grant Instrument") or
an amendment to the Grant Instrument. In the event there is an
inconsistency between the terms of the Grant Instrument and the
terms of the Plan, the terms of the Plan shall govern. The
Committee shall approve the form and provisions of each Grant
Instrument. Grants under a particular Section of the Plan need
not be uniform as among the grantees.

3. Shares Subject to the Plan

(a) Shares Authorized. The aggregate number of shares of common
stock of the Company ("Company Stock") that may be issued or
transferred under the Plan is 750,000,000 shares. The maximum
aggregate number of shares of Company Stock that shall be subject
to Grants made under the Plan to any individual during any
calendar year shall be as determined by the Committee ("Award
Limit"). The shares may be authorized but unissued shares of
Company Stock or reacquired shares of Company Stock, including
shares purchased by the Company on the open market for purposes

<PAGE>

of the Plan. If and to the extent Options granted under the Plan
terminate, expire, or are canceled, forfeited, exchanged or
surrendered without having been exercised, the shares subject to
such Grants shall again be available for purposes of the Plan.
However, to the extent Section 162(m) of the Code requires, such
shares continue to be counted against the Award Limit.

Adjustments. There shall be no adjustment in the number of shares
issued under the Plan in the event that there is any change in
the number or kind of shares of Company Stock outstanding (i) by
reason of a stock dividend, spinoff, recapitalization, stock
split or combination or exchange of shares, (ii) by reason of a
merger, reorganization or consolidation in which the Company is
the surviving corporation, (iii) by reason of a reclassification
or change in par value, or (iv) by reason of any other
extraordinary or unusual event affecting the outstanding Company
Stock as a class without the Company's receipt of consideration.

4. Eligibility for Participation

(a)    Eligible  Persons.  All employees of the Company and its
subsidiaries ("Employees"), including Employees who are officers
or  members  of the Board, and members of the Board who are not
Employees  ("Non-Employee  Directors")  shall  be  eligible  to
participate in the Plan. Key advisors and consultants who perform
services  to  the  Company  or  any  of  its  subsidiaries  ("Key
Advisors")  shall be eligible to participate in the Plan if the
Key  Advisors render bona fide services and such services are not
in  connection with the offer or sale of securities in a capital-
raising transaction.

(b)    Selection  of  Grantees. The Committee  shall select the
Employees,  Non-Employee Directors and Key  Advisors to receive
Grants and shall determine the number of shares of Company Stock
subject  to a  particular Grant in such manner as the Committee
determines.  Employees,  Key Advisors and Non-Employee  Directors
who receive Grants
under this Plan shall hereinafter be referred to as "Grantees."

5.    Granting of Options

(a) Number of Shares. The Committee shall determine the number of
shares of  Company Stock that will be subject to each Grant of
Options to Employees, Non-Employee Directors and Key Advisors.

(b) Type of Option. All Options granted under this Plan will be
Non-Qualified Stock Options.

(c) Option Term. The Committee shall determine the term of each
Option. The term of any Option shall not exceed ten years from
the date of grant.

(d) Vesting and Exercisability of Options. Options shall vest and
become exercisable in accordance with such terms and conditions,
consistent with the Plan, as may be determined by the Committee
and specified in the Grant Instrument or an amendment to the
Grant Instrument. The Committee may accelerate the vesting and/or
exercisability of any or all outstanding Options at any time for
any reason. Options may, at the discretion of the Committee, be
exercised prior to vesting, provided that the optionee grants the
Company a right to repurchase any unvested shares at the exercise
price upon termination of the optionee's service to the Company.

(e) Termination of Employment, Disability or Death.

(i) Except as provided below, an Option may only be exercised
while the Grantee is employed by or otherwise providing service
to the Company as a Key Advisor or member of the Board. In the
event that a Grantee ceases to be employed by the Company for any
reason other than a "disability", or "termination for cause", any
Option which is otherwise exercisable by the Grantee shall
terminate unless exercised within one hundred eighty days after
the date on which the Grantee ceases to be employed by the
Company (or within such other period of time as may be specified
in a Grant Instrument), but in any event no later than the date
of expiration of the Option term. Any of the Grantee's Options
that are not otherwise exercisable as of the date on which the
Grantee ceases to be employed by the Company shall terminate as
of such date (unless specified to the contrary in a Grant
Instrument).

<PAGE>

(ii) In the event the Grantee ceases to be employed by the
Company on account of a "termination for cause" by the Company,
the unvested portion of any Option held by the Grantee shall
terminate on the date on which the Grantee ceases to be employed
by the Company. Any of the Grantee's Options which are not
otherwise exercisable as of the date on which the Grantee ceases
to be employed by the Company shall terminate as of such date.

(iii) In the event the Grantee ceases to be employed by the
Company because the Grantee is "disabled", any Option which is
otherwise exercisable by the Grantee shall terminate unless
exercised within one year after the date on which the Grantee
ceases to be employed by the Company (or within such other period
of time as may be specified in a Grant Instrument), but in any
event no later than the date of expiration of the Option term.
Any of the Grantee's Options which are not otherwise exercisable
as of the date on which the Grantee ceases to be employed by the
Company shall terminate as of such date (unless specified to the
contrary in a Grant Instrument).

(iv) If the Grantee dies while employed by the Company or within
90 days after the date on which the Grantee ceases to be employed
on account of a termination of employment specified in Section
5(e)(i) above (or within such other period of time as may be
specified in a Grant Instrument), any Option that is otherwise
exercisable by the Grantee shall terminate unless exercised
within one year after the date on which the Grantee ceases to be
employed by the Company (or within such other period of time as
may be specified in a Grant Instrument), but in any event no
later than the date of expiration of the Option term. Any of the
Grantee's Options that are not otherwise exercisable as of the
date on which the Grantee ceases to be employed by the Company
shall terminate as of such date (unless specified to the contrary
in a Grant Instrument).

(v) For purposes of Sections 5(e) and 6:

(A) "Company," when used in the phrase "employed by the Company,"
shall mean the Company and its parent and subsidiary
corporations.

(B) "Employed by the Company" shall mean employment or service as
a Key Advisor or member of the Board (so that, for purposes of
exercising Options and satisfying conditions with respect to
Restricted Stock, a Grantee shall not be considered to have
terminated employment or service until the Grantee ceases to be a
Key Advisor and member of the Board), unless the Committee
determines otherwise.

(C) "Disability" shall mean a Grantee's becoming disabled within
the meaning of section 22(e)(3) of the Code or otherwise as
defined in an employment consultant or other agreement between
the Company and the Grantee.

(D) "Termination for cause" shall mean, except to the extent
specified otherwise by the Committee or otherwise as defined in a
consultant or other agreement between the Company and the
Grantee, a finding by the Committee that the Grantee has breached
his or her employment, service, noncompetition, nonsolicitation
or other similar contract with the Company, or has been engaged
in disloyalty to the Company, including, without limitation,
fraud, embezzlement, theft, commission of a felony or dishonesty
in the course of his or her employment or service, or has
disclosed trade secrets or confidential information of the
Company to persons not entitled to receive such information. A
Grant Instrument may provide that in the event a Grantee's
employment is terminated for cause, in addition to the immediate
termination of all Grants, the Grantee shall automatically
forfeit all shares underlying any exercised portion of an Option,
upon refund by the Company of the Exercise Price paid by the
Grantee for such shares, and any option gain realized by the
Grantee from exercising all or a portion of an Option within the
two-year period prior to the event shall be paid by the Grantee
to the Company.

(E) Exercise of Options. A Grantee may exercise an Option that
has become exercisable, in whole or in part, by delivering a
notice of exercise to the Company with payment of the Exercise
Price. The Grantee shall pay the Exercise Price for an Option as
specified by the Committee (x) in cash, (y) with the approval of
the Committee, by delivering shares of Company Stock owned by the
Grantee for the period necessary to avoid a charge to the
Company's earnings for financial reporting purposes (including
Company Stock acquired in connection with the exercise of an
Option, subject to such restrictions as the Committee deems
appropriate) and having a Fair Market Value on the date of
exercise equal to the Exercise Price or (z) by such other method
as the Committee may approve, including payment through a broker
in accordance with procedures permitted by Regulation T of the
Federal Reserve Board. Shares of Company Stock used to exercise
an Option shall have been held by the Grantee for the requisite

<PAGE>

period of time to avoid adverse accounting consequences to the
Company with respect to the Option. The Grantee shall pay the
Exercise Price and the amount of any withholding tax due
(pursuant to Section 7) at the time of exercise.

7. Withholding of Taxes

(a) Required Withholding. All Grants under the Plan shall be
subject to applicable federal (including FICA), state and local
tax withholding requirements. The Company shall have the right to
deduct from all Grants paid in cash, or from other wages paid to
the Grantee, any federal, state or local taxes required by law to
be withheld with respect to such Grants. In the case of Options
and other Grants paid in Company Stock, the Company may require
the Grantee or other person receiving such shares to pay to the
Company the amount of any such taxes that the Company is required
to withhold with respect to such Grants, or the Company may
deduct from other wages paid by the Company the amount of any
withholding taxes due with respect to such Grants.

(b) Election to Withhold Shares. If the Committee so permits, a
Grantee may elect to satisfy the Company's income tax withholding
obligation with respect to an Option or Restricted Stock paid in
Company Stock by having shares withheld up to an amount that does
not exceed the Grantee's maximum marginal tax rate for federal
(including FICA), state and local tax liabilities. The election
must be in a form and manner prescribed by the Committee and
shall be subject to the prior approval of the Committee.

8. Transferability of Grants

(a) Nontransferability of Grants. Except as provided below, only
the Grantee may exercise rights under a Grant during the
Grantee's lifetime. A Grantee may not transfer those rights
except by will or by the laws of descent and distribution, and
then only if and to the extent permitted in any specific case by
the Committee, pursuant to a domestic relations order (as defined
under the Code or Title I of the Employee Retirement Income
Security Act of 1974, as amended, or the regulations there
under). When a Grantee dies, the personal representative or other
person entitled to succeed to the rights of the Grantee
("Successor Grantee") may exercise such rights. A Successor
Grantee must furnish proof satisfactory to the Company of his or
her right to receive the Grant under the Grantee's will or under
the applicable laws of descent and distribution.

(b) Transfer of Nonqualified Stock Options. Notwithstanding the
foregoing, the Committee may provide, in a Grant Instrument, that
a Grantee may transfer Nonqualified Stock Options to family
members or other persons or entities according to such terms as
the Committee may determine; provided that (1) the Grantee
receives no consideration for the transfer of an Option, (2) such
transfers complies with all applicable laws (including, but not
limited to federal securities laws requirements, specifically any
requirements for options registered on Form S-8 registration
statements, state securities laws, Florida corporate law, etc and
(3) the transferred Option shall continue to be subject to the
same terms and conditions as were applicable to the Option
immediately before the transfer.

9. Reorganization of the Company.

(a) Reorganization. As used herein, a "Change of Control" shall
be deemed to have occurred upon the consummation of any of the
following transactions: (i) any merger or consolidation of the
Company or other transaction (other than sales of equity by the
Company for the purpose of raising cash for its own account)
where the shareholders of the Company immediately prior to such
transaction will not beneficially own immediately after such
transaction shares entitling such shareholders to more than 50%
of all votes to which all shareholders of the surviving
corporation would be entitled in the election of directors
(without consideration of the rights of any class of stock to
elect directors by a separate class vote); or (ii) the sale or
other disposition of all or substantially all of the assets of
the Company.

(b) Assumption of Grants. Upon a Change of Control where the
Company is not the surviving corporation (or survives only as a
subsidiary of another corporation), the Company shall provide
that either (i) all outstanding Options that are not exercised
shall be assumed by, or replaced with comparable options or
rights by, the surviving corporation, (ii) the Company or the
surviving company shall pay to each Grantee an amount equal to
the product of (x) the number of Options then vested and
exercisable, multiplied by (ii) the Fair Market Value per share
less the Exercise Price per Option, or (iii) the Committee may,
in its sole discretion, accelerate the vesting of some or all of
the Grants.

<PAGE>

(c) Notice and Acceleration. Upon a Change of Control, the
Company shall provide each Grantee who has outstanding Grants
with written notice of such Change of Control. The Committee may,
in its sole discretion, provide in a Grant Instrument that upon a
Change of Control (i) all outstanding Options shall automatically
accelerate and become fully exercisable, and (ii) the
restrictions and conditions on all outstanding Restricted Stock
shall immediately lapse. If the Committee does not provide such
terms in the Grant Instrument, a Change of Control will not
impact a Grant.

10. Limitations on Issuance or Transfer of Shares.

No Company Stock shall be issued or transferred in connection
with any Grant hereunder unless and until all legal requirements
applicable to the issuance or transfer of such Company Stock have
been complied with to the satisfaction of the Committee. The
Committee shall have the right to condition any Grant made to any
Grantee hereunder on such Grantee's undertaking in writing to
comply with such restrictions on his or her subsequent
disposition of such shares of Company Stock as the Committee
shall deem necessary or advisable as a result of any applicable
law, regulation or official interpretation thereof, and
certificates representing such shares may be legended to reflect
any such restrictions. Certificates representing shares of
Company Stock issued or transferred under the Plan will be
subject to such stop- transfer orders and other restrictions as
may be required by applicable laws, regulations and
interpretations, including any requirement that a legend be
placed thereon.

11. Amendment and Termination of the Plan

(a) Amendment. The Board may amend or terminate the Plan at any
time; provided, however, that the Board shall not amend the Plan
without shareholder approval if such approval is required by
Section l62(m) of the Code.

(b) Termination of Plan. The Plan shall terminate on February 21,
2018, the day immediately preceding the tenth anniversary of its
effective date, unless the Plan is terminated earlier by the
Board or is extended by the Board with the approval of the
shareholders.

(c) Termination and Amendment of Outstanding Grants. The terms of
an Outstanding Grant may be amended at any time. The term within
which the option may be exercised may be increased or decreased
and the exercise price may be increased or decreased. The
termination of the Plan shall not impair the power and authority
of the Committee with respect to an outstanding Grant. Whether or
not the Plan has terminated, an outstanding Grant may be
terminated or amended in accordance with the Plan or, may be
amended by agreement of the Company and the Grantee consistent
with the Plan.

(d) Governing Document. The Plan shall be the controlling
document. No other statements, representations, explanatory
materials or examples, oral or written, may amend the Plan in any
manner. The Plan shall be binding upon and enforceable against
the Company and its successors and assigns.

12. Funding of the Plan

<PAGE>

This Plan shall be unfunded. The Company shall not be required to
establish any special or separate fund or to make any other
segregation of assets to assure the payment of any Grants under
this Plan. In no event shall interest be paid or accrued on any
Grant, including unpaid installments of Grants.

13. Rights of Participants

Nothing in this Plan shall entitle any Key Advisor or other
person to any claim or right to be granted a Grant under this
Plan. Neither this Plan nor any action taken hereunder shall be
construed as giving any individual any rights to be retained by
or in the employ of the Company or any other employment rights.

14. No Fractional Shares.

No fractional shares of Company Stock shall be issued or
delivered pursuant to the Plan or any Grant. The Committee shall
determine whether cash, other awards or other property shall be
issued or paid in lieu of such fractional shares or whether such
fractional shares or any rights thereto shall be forfeited or
otherwise eliminated.

15. Headings.

Section headings are for reference only. In the event of a
conflict between a title and the content of a Section, the
content of the
Section shall control.

16. Effective Date of the Plan

(a) Effective Date. The Plan shall be effective as of February
22, 2008.

(b) Public Offering. The provisions of the Plan that refer to a
Public Offering, or that refer to, or are applicable to persons
subject to, Section 16 of the Exchange Act or section 162(m) of
the Code, shall be effective for so long as such stock is so
registered.

17. Miscellaneous

(a) Grants in Connection with Corporate Transactions and
Otherwise. Nothing contained in this Plan shall be construed to
(i) limit the right of the Committee to make Grants under this
Plan in connection with the acquisition, by purchase, lease,
merger, consolidation or otherwise, of the business or assets of
any corporation, firm or association, or for other proper
corporate purposes, or (ii) limit the right of the Company to
grant stock options or make other awards outside of this Plan.
The terms and conditions of the substitute grants may vary from
the terms and conditions required by the Plan and from those of
the substituted stock incentives. The Committee shall prescribe
the provisions of the substitute grants.

(b) Loans. The Committee may, in its discretion, extend a loan in
connection with the exercise or receipt of a grant under this
Plan. The terms and conditions of any such loan shall be set by
the Committee.

(c) Compliance with Law. The Plan, the exercise of Options and
the obligations of the Company to issue or transfer shares of
Company Stock under Grants shall be subject to all applicable
laws and to approvals by any governmental or regulatory agency as
may be required. With respect to persons subject to section 16 of
the Exchange Act, it is the intent of the Company that the Plan
and all transactions under the Plan comply with all applicable
provisions of Rule 16b-3 or its successors under the Exchange
Act. The Committee may revoke any Grant if it is contrary to law
or modify a Grant to bring it into compliance with any valid and
mandatory government regulation. The Committee may also adopt
rules regarding the withholding of taxes on payments to Grantees.
The Committee may, in its sole discretion, agree to limit its
authority under this Section.

(d) Governing Law. The validity, construction, interpretation and
effect of the Plan and Grant Instruments issued under the Plan
shall exclusively be governed by and determined in accordance
with the law of the State of Florida, without regard to conflicts
of laws principles.

<PAGE>

Dated as of February 22, 2008.

Med Gen, Inc.

By: /s/ Paul S. Mitchell
    -------------------------------
    Paul S. Mitchell, President

<PAGE>

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