Document:

CROWN CENTRAL PETROLEUM CORPORATION
                1999 LONG-TERM INCENTIVE PLAN
                (AS RESTATED ON JUNE 29, 2000)

SECTION 1:  ESTABLISHMENT AND PURPOSE

The purpose of the Crown Central Petroleum Corporation 1999 Long-Term
Incentive Plan (the "Plan") is to benefit the Corporation and its
Subsidiaries.  The Plan is also intended to (i) attract and retain persons
eligible to participate in the Plan; (ii) encouraging high levels of
performance by individuals who are key to the success of the Corporation and
its Subsidiaries, by means of appropriate incentives; (iii) provide incentive
compensation opportunities that are competitive with those of other similar
companies; and (iv) further identify Participants' interests with those of the
Company through compensation that is based on the Company's financial
performance; and thereby promote the long-term financial interest of the
Company and its shareholders.

SECTION 2:  DEFINITIONS

The following terms, as used herein, shall have the meaning specified:

A.     APPRECIATION UNIT.  An Award that is based on the future appreciation
in the Fair Market Value of the Company's Common Stock during a specified
time.

B.     AWARD.  Any award or benefit granted under the Plan, including, without
limitation, Appreciation Units.

C.     AWARD AGREEMENT.  An agreement described in Section 5 hereof entered
into between the Corporation and a Participant, setting forth the terms and
conditions applicable to the Award granted to the Participant.

D.     BOARD OF DIRECTORS.  The Board of Directors of the Corporation as it
may be comprised from time to time.

E.     CAUSE.  An act that constitutes cause for termination of employment
under the Corporation or Subsidiary's normal personnel practices.

F.     CODE.  The Internal Revenue Code of 1986, as amended, and any successor
statute, and the regulations promulgated thereunder, as it or they may be
amended from time to time.

G.     COMMITTEE.  The Committee as defined in Section 8 hereof.

H.     CORPORATION.  Crown Central Petroleum Corporation, and any successor
corporation.

I.     EMPLOYEE.  Officers and other key Employees of the Corporation or a
Subsidiary, but excluding directors who are not also officers or Employees of
the Corporation.

J.     EXCHANGE ACT.  The Securities Exchange Act of 1934, and any successor
statute, as it may be amended from time to time.

K.     FAIR MARKET VALUE.  The average of the highest and lowest sale price of
the Stock as reported on the American Stock Exchange on the relevant date, or
if no sale of the Stock is reported for such date, the next preceding day for
which there is a reported sale.

L.     PARTICIPANT.  Any Employee who has been granted an Award pursuant to
this Plan.

M.     PERFORMANCE PERIOD.  A specified period of time over which the payment
of an Award is contingent on the achievement of performance or other
objectives.

N.     STOCK.  Shares of Class B Common Stock of the Corporation, par value $5
per share, or any security of the Corporation issued in substitution, exchange
or lieu thereof.

O.     SUBSIDIARY.  Any corporation in which the Corporation, directly or
indirectly, controls 50% or more of the total combined voting power of all
classes of such corporation's stock.

SECTION 3:  PARTICIPATION

Persons eligible for Awards shall consist of Employees who hold positions of
significant responsibility with the Corporation and/or a Subsidiary or whose
performance or potential contribution, in the judgment of the Committee, will
benefit the future success of the Corporation and/or a Subsidiary.

SECTION 4:  AWARDS

a.     The Committee may grant Awards such as, but not limited to,
Appreciation Units, which are contingent on the achievement of performance or
other objectives during a specified time.

b.     Subject to the terms and conditions of the Plan, the Committee shall
determine and designate, from time to time, from among the eligible Employees,
those persons who will be granted one or more Awards under the Plan.  In the
discretion of the Committee, a Participant may be granted more than one Award.

SECTION 5:  AWARD AGREEMENTS

a.     Each Award under the Plan shall be subject to such terms and
conditions, not inconsistent with the Plan, as the Committee shall, in its
sole discretion, prescribe.  The terms and conditions of any Award to any
Participant shall be reflected in such form of written document as is
determined by the Committee.

A copy of such document shall be provided to the Participant, and the
Committee may require that the Participant shall sign a copy of such document.
 Such document is referred to in the Plan as an
"Award Agreement."

B.     AWARD AGREEMENTS MAY INCLUDE THE FOLLOWING TERMS:

1.     NON-ASSIGNABILITY.  A provision that no Award shall be assignable or
transferable except by will or by laws of descent and distribution and that,
during the lifetime of a Participant, any Award shall be payable only to the
Participant or to his or her guardian or legal representative.

2.     TERMINATION OF EMPLOYMENT.

a.     A provision describing the treatment of an Award in the event of the
retirement, disability, death or other termination of a Participant's
employment with the Corporation or a Subsidiary, including but not limited to
terms relating to the vesting, forfeiture or cancellation of an Award in such
circumstances.  Participants who terminate employment due to retirement,
permanent disability, or death prior to the satisfaction of applicable
conditions and restrictions associated with their Award(s) may be entitled to
a prorated Award(s) as and to the extent determined by the Committee.

b.     A provision that for purposes of the Plan, (i) a transfer of an
Employee from the Corporation to a Subsidiary or affiliate of the Corporation,
whether or not incorporated, or vice versa, or from one Subsidiary or
affiliate of the Corporation to another, and (ii) a leave of absence, duly
authorized in writing by the Corporation, shall not be deemed a termination of
employment.

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c.     A provision describing the effect of an event of Cause on an Award.

3.     WITHHOLDING.  A provision requiring the withholding of applicable taxes
required by law from all amounts paid in satisfaction of an Award.

4.     EXECUTION.  A provision stating that no Award is enforceable until the
Award Agreement or a receipt has been signed by the Participant and the
Corporation or a Subsidiary.  By executing the Award Agreement or receipt, a
Participant shall be deemed to have accepted and consented to any action taken
under the Plan by the Committee, the Board of Directors or their delegates.

5.     REPLACEMENT AND SUBSTITUTION.  Any provisions (i) permitting the
surrender of outstanding Awards held by the Participant in order to exercise
or realize rights under other Awards, or in exchange for the grant of new
Awards under similar or different terms or (ii) requiring holders of Awards to
surrender outstanding Awards as a condition precedent to the grant of new
Awards under the Plan.

6.     OTHER TERMS.  Such other terms as the Committee may determine are
necessary and appropriate to effect an Award to the Participant, including,
but not limited to, the term of the Award, vesting provisions, any
requirements for continued employment with the Corporation or a Subsidiary,
any other restrictions or conditions (including performance goals) on the
Award and the method by which or conditions lapse, the effect on the Award of
a change in control of the Corporation, the amount or value of Awards, and the
terms, if any, pursuant to which a Participant may elect to defer the receipt
of compensation under an Award.

SECTION 6:  AMENDMENT AND TERMINATION

The Board of Directors may at any time amend, suspend or discontinue the Plan,
in whole or in part.  The Committee may at any time alter or amend any or all
Award Agreements under the Plan to the extent permitted by law, but no such
alteration or amendment shall impair the rights of any holder of an Award
without the holder's written consent.

SECTION 7:  PAYMENT OF AWARDS

All Award settlements are made as lump sum cash payments, such payments to be
delivered as soon as practicable after the end of the Performance Period.  Any
Award settlement, including payment deferrals, may be subject to such
conditions, restrictions and contingencies, as the Committee shall determine.
 The Committee may permit or require the deferral of any Award payment,
subject to such rules and procedures as it may establish, which may include
provisions for the payment or crediting of interest.

SECTION 8:  ADMINISTRATION

a.     The Plan and all Awards granted pursuant thereto shall be administered
by a Committee of the Board of Directors.  The members of the Committee shall
be designated by the Board of Directors.  Unless the Board provides otherwise,
the Committee shall be the Executive Compensation and Bonus Committee of the
Board of Directors.  A majority of the members of the Committee shall
constitute a quorum.  The vote of a majority of a quorum shall constitute
action by the Committee.

b.     The Committee shall have the power to interpret and administer the
Plan.  All questions of interpretation with respect to the Plan, or rights
granted and the terms of any Award Agreements, including the timing, pricing,
and amounts of Awards, shall be determined by the Committee, and its
determination shall be final and conclusive upon all parties in interest.  The
Committee's determinations under the Plan need not be uniform and may be made
by it selectively among Employees who receive, or are eligible to receive,
Awards under the Plan, whether or not such persons are similarly situated.

c.     In the event of any conflict between an Award Agreement and this Plan,
the terms of this Plan shall govern.

d.     The Committee may delegate to the officers or Employees of the
Corporation and its Subsidiaries the authority to execute and deliver such
instruments and documents, to do all such acts and things, and to take all
such other steps deemed necessary, advisable or convenient for the effective
administration of the Plan in accordance with its terms and purpose, except
that the Committee may not delegate any discretionary authority with respect
to substantive decisions or functions regarding the Plan or Awards including,
but not limited to, decisions regarding the timing, eligibility, pricing,
amount or other material terms of such Awards.  Any such delegation may be
revoked by the Committee at any time.

e.     The Company and Subsidiaries shall furnish the Committee with such data
and information as it determines may be required for it to discharge its
duties.  The records of the Company and Subsidiaries as to an employee's or
Participant's employment, termination of employment, leave of absence,
reemployment and compensation shall be conclusive on all persons unless
determined to be incorrect.  Participants and other persons entitled to
benefits under the Plan must furnish the Committee such evidence, data or
information, as the Committee considers desirable to carry out the terms of
the Plan.

SECTION 9:  ADJUSTMENT PROVISIONS

a.     In the event of any change in the outstanding shares of Stock by reason
of a stock dividend or split, recapitalization, merger or consolidation
(whether or not the Corporation is a surviving corporation), reorganization,
combination or exchange of shares or other similar corporate changes or an
extraordinary dividend payback in cash or property, the Committee may adjust
Awards to preserve the benefits or potential benefits of the Awards.

b.     The Committee shall make any further adjustments as it deems necessary
to ensure equitable treatment of any holder of an Award as the result of any
other transaction affecting the Plan not described in (a), or as is required
or authorized under the terms of any applicable Award Agreement.

c.     The existence of the Plan and the Awards granted hereunder shall not
affect or restrict in any way the right or power of the Board of Directors or
the shareholders of the Corporation to make or authorize any adjustment,
recapitalization, reorganization or other capital structure of its business,
any merger or consolidation of the Corporation, any issue of bonds,
debentures, preferred or prior preference stock ahead of or affecting the
Stock or the rights thereof, the dissolution or liquidation of the Corporation
or any sale or transfer of all or any part of its assets or business, or any
other corporate act or proceeding.

SECTION 10:  CHANGE OF CONTROL

a.     In the event of a change of control of the Corporation, in addition to
any action required or authorized by the terms of an Award Agreement, the
Committee may, in its sole discretion unless otherwise provided in an Award
Agreement, take any of the following actions as a result, or in anticipation,
of any such event:

1.     accelerate time periods for purposes of vesting in, or realizing gain
from, any outstanding Award made pursuant to this Plan;

2.     make adjustments or modifications to outstanding Awards, as the
Committee deems appropriate to maintain and protect the rights and interests
of Participants following such change of control.

Any such action approved by the Committee shall be conclusive and binding on
the Corporation and all Participants.

b.     For purposes of this Section, a change of control shall mean the
following:

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1.     A tender offer or exchange offer is made whereby the effect of such
offer is to take over and control the affairs of the Corporation, and such
offer is consummated for the ownership of securities of the Corporation
representing twenty percent (20%) or more of the combined voting power of the
Corporation's then outstanding voting securities.

2.     The Corporation is merged or consolidated with another corporation and,
as a result of such merger or consolidation, less than seventy-five percent
(75%) of the combined voting power of the surviving or resulting corporation
shall then be owned in the aggregate by the former stock holders of the
Corporation.

3.     The Corporation transfers substantially all of its assets to another
corporation or entity that is not a wholly owned subsidiary of the
Corporation.

4.     Any person (as such term is used in Sections 3(a)(9) and 13(d)(3) of
the Exchange Act) other than a person included within the definition of
Rosenberg Shareholder in Section II.6, Stock Not Subject to the Control Share
Act, of the Corporation's Bylaws (or any group controlled by or consisting of
persons included within the definition of Rosenberg Shareholder) is or becomes
the beneficial owner, directly or indirectly, of securities of the Corporation
representing twenty percent (20%) or more of the combined voting power of the
Corporation's then outstanding securities.

5.     As the result of a tender offer, merger, consolidation, sale of assets,
or contested election, or any combination of such transactions, the persons
who were members of the Board of Directors of the Corporation immediately
before the transaction, cease to constitute at least a majority thereof.

SECTION 11:  UNFUNDED PLAN

a.     The Plan shall be unfunded.  No provision of the Plan or any Award
Agreement will require the Corporation or its Subsidiaries, for the purpose of
satisfying any obligations under the Plan, to purchase assets or place any
assets in a trust or other entity to which contributions are made or otherwise
to segregate any assets, nor will the Corporation or its Subsidiaries maintain
separate bank

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accounts, books, records or other evidence of the existence of a segregated or
separately maintained or administered fund for such purposes.

b.     Participants will have no rights under the Plan other than as unsecured
general creditors of the Corporation and its Subsidiaries, except that insofar
as they may have become entitled to payment of additional compensation by
performance of services, they will have the same rights as other employees
under generally applicable law.

SECTION 12:  LIMITS OF LIABILITY

a.     Any liability of the Corporation or a Subsidiary to any Participant
with respect to an Award shall be based solely upon contractual obligations
created by the Plan and the Award Agreement.

b.     Neither the Corporation nor a Subsidiary, nor any member of the Board
of Directors or of the Committee, nor any other person participating in any
determination of any question under the Plan, or in the interpretation,
administration or application of the Plan, shall have any liability to any
party for any action taken or not taken in good faith under the Plan.

SECTION 13:  RIGHTS OF EMPLOYEES

a.     Status as an eligible Employee shall not be construed as a commitment
that any Award will be made under this Plan to such eligible Employee or to
eligible Employees generally.

b.     Nothing contained in this Plan or in any Award Agreement (or in any
other documents related to this Plan or to any Award or Award Agreement) shall
confer upon any Employee or Participant any right to continue in the employ or
other service of the Corporation or a Subsidiary or constitute any contract or
limit in any way the right of the Corporation or a Subsidiary to change such
person's compensation or other benefits or to terminate the employment or
other service of such person with or without cause.

SECTION 14:  TERM

The Plan shall be adopted by the Board of Directors effective as of January 1,
1999 and shall remain in effect until suspended or terminated by them.

SECTION 15:  REQUIREMENTS OF AND GOVERNING LAW

The Plan, the Award Agreements and all actions taken hereunder or thereunder
shall be governed by, and construed in accordance with, the laws of the state
of Maryland without regard to the conflict of law principles thereof.CROWN CENTRAL PETROLEUM CORPORATION

                          EXECUTIVE SEVERANCE PLAN
                         (As Restated June 29, 2000)

The Crown Central Petroleum Corporation Executive Severance Plan (the "Plan")
is hereby established by Crown Central Petroleum Corporation, a Maryland
corporation (the "Corporation") for the benefit of its eligible executives.
The purpose of the Plan is to provide certain benefits to eligible executives
in the event of a termination of employment under defined circumstances after a
Change of Control.

Section 1.     Definitions.  For purposes of this Plan:

(a) "Annual Incentive Plan" means the Crown Central Petroleum Corporation 1994
Annual Incentive Plan and any successor plan that provides for annual cash
bonuses, as changed from time to time.

(b) "Beneficiary" shall mean the person or entity designated by an Executive,
by written instrument delivered to the Corporation, to receive the benefits
payable under this Plan in the event of the Executive's death. If an Executive
fails to designate a Beneficiary, or if no Beneficiary survives the Executive,
such death benefits shall be paid to the Executive's estate.

(c) "Board" shall mean the Board of Directors of the Corporation.

(d)     "Change of Control" shall mean:

(i) A tender offer or exchange offer is made whereby the effect of such offer
is to take over and control the affairs of the Corporation, and such offer is
consummated for the ownership of securities of the Corporation representing
twenty percent (20%) or more of the combined voting power of the Corporation's
then outstanding voting securities.

(ii) The Corporation is merged or consolidated with another corporation and, as
a result of such merger or consolidation, less than seventy-five percent (75%)
of the combined voting power of the surviving or resulting corporation shall
then be owned in the aggregate by the former stockholders of the Corporation.

(iii) The Corporation transfers substantially all of its assets to another
corporation or entity that is not a wholly owned subsidiary of the Corporation.

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(iv) Any person (as such term is used in Sections 3(a)(9) and 13(d)(3) of the
Exchange Act) other than a person included within the definition of Rosenberg
Shareholder in Section II.6, Stock Not Subject to the Control Share Act, of the
Corporation's Bylaws is or becomes the beneficial owner, directly or
indirectly, of securities of the Corporation representing twenty percent
(20%) or more of the combined voting power of the Corporation's then
outstanding securities.

(v) As the result of a tender offer, merger, consolidation, sale of assets, or
contested election, or any combination of such transactions, the persons who
were members of the Board immediately before the transaction, cease to
constitute at least a majority thereof.

(e) "Code" shall mean the Internal Revenue Code of 1986.

(f) "Compensation" shall mean the total compensation paid to an Executive
by the Corporation as reportable on Internal Revenue Service Form W-2 (i)
plus any amount contributed by the Executive pursuant to a salary reduction
agreement and which is not includible in gross income under Code Sections 125
or 402(a)(8), and any amount of salary reductions elected by the Executive
under the Supplemental Savings Plan, and (ii) reduced by any income recognized
by the Executive from the exercise of stock options, the grant of stock or
any other income arising from the Crown Central Petroleum Corporation 1994
Long-Term Incentive Plan or any successor plan of the Corporation.

(g) "Effective Date" shall mean September 26, 1996, subject to approval of the
Plan by the Board.

(h) "Executive" shall mean only a Vice President or higher executive officer of
the Corporation on the Effective Date, and any Vice President or higher
executive officer of the Corporation hired after the Effective Date upon
approval of his participation in the Plan by the Board.

(i) "Final Compensation" shall mean an amount equal to a Executive's
Compensation for the calendar year during the three calendar years prior to
the termination of the Executive's employment for which the Executive received
the largest amount of Compensation.

(j)     "Good Cause" shall mean:

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(i) fraud or material misappropriation by the Executive with respect to the
business or assets of the Corporation,

(ii) the persistent refusal or willful failure of the Executive materially to
perform his duties and responsibilities to the Corporation, which continues
after the Executive receives notice of such refusal or failure, or

(iii) the Executive's conviction of a felony or crime involving moral
turpitude.

(k) "Good Reason" shall exist with respect to an Executive if, without the
Executive's express written consent:

(i) there is a significant adverse change in the nature or the scope of the
Executive's authority or in his overall working environment after a Change of
Control;

(ii) the Executive is assigned duties materially inconsistent with his duties,
responsibilities and status at the time of a Change of Control;

(iii) there is a reduction, which is not agreed to by the Executive, in the
Executive's rate of base salary, incentive compensation, welfare benefits, or
perquisites such as car allowances as in effect at the time of a Change of
Control; or

(iv) the Corporation changes by 50 miles or more the principal location in
which the Executive is required to perform services from the location at
which the Executive was employed as of the Change of Control.

(l) "Retirement Plan" shall mean any qualified or supplemental employee
pension benefit plan, as defined in Section 3(2) of the Employee Retirement
Income Security Act of 1974, as amended ("ERISA"), currently or hereinafter
made available by the Corporation in which an Executive is eligible to
participate.

(m) "Salary Continuance Benefit" shall mean the benefit provided in Section
5(b).

(n) "Severance Benefit" shall mean the Salary Continuance Benefit and the
Welfare Continuance Benefit.

(o) "Severance Period" shall mean the period beginning on the date an
Executive's employment with the Corporation terminates and ending on the
date 36 months thereafter.

(p) "SRI Plan" shall mean the Crown Central Petroleum Corporation Supplemental
Retirement Income Plan For Senior Executives, as amended from time to time.

(q) "Supplemental Savings Plan" shall mean the Crown Central Petroleum
Employees Supplemental Savings Plan, as amended from time to time.

(r) "Welfare Continuance Benefit" shall mean the benefit provided in Section
5(e).

(s) "Welfare Plan" shall mean any health plan, dental plan, disability plan,
survivor income plan or life insurance plan, as defined in Section 3(1) of
ERISA, currently or hereafter made available by the Corporation in which an
Executive is eligible to participate.

<PAGE>

All references made to the masculine gender are intended to refer equally
to the female gender.

Section 2.     Supplemental Retirement Benefits.

(a) Upon a Change of Control, the following provisions shall apply to the
Executives who are Participants in the SRI Plan as of the Change of Control
and who, within 24 months of a Change of Control, terminate employment for
Good Reason or are terminated without Good Cause. All capitalized terms used
in this Section 2(a) shall have the meanings as provided in the SRI Plan.

(i) For purposes of calculating the Regular SRI Benefit, a Participant's age
shall be deemed to be the Participant's actual age plus three (3) years
(but not in excess of age 65) (the "Enhanced Age"), and the Participant's
Total Service shall be deemed to be the Participant's actual Total Service
plus three (3) years (the "Enhanced Service"). The Participant shall be deemed
to earn his Final Compensation for each of the deemed additional three (3)
years.

(ii) The Participant shall be entitled to an immediate payment of the Actuarial
Equivalent of his Regular SRI Benefit Plan as adjusted by this Plan and his
Limitation SRI Benefit. Payment shall be made as a single lump sum payment.

(iii) To determine the Actuarial Equivalent of a Participant"s Regular SRI
Benefit, the following provisions shall apply. The Actuarial Equivalent shall
be determined under the provisions of the Retirement Plan relating to the
calculation of lump sum payments. The amount of the Regular SRI Benefit shall
be calculated with the enhancements provided in Section 2(a)(i). The
Participant's benefit shall be deemed to start at: (A) age 65 if the
Participant's Enhanced Service is less than ten (10) years; (B) age 55 if the
Participant's Enhanced Service is ten (10) years or more and Enhanced Age is
less than age 55; (C) immediately if the Participant's Enhanced Service is
ten (10) years or more and Enhanced Age is age 55 or older; and (D)
immediately if the Participant's Enhanced Service is less than ten (10) years
and Enhanced Age is age 65 or older. The Participant's age for purposes of
the calculation shall be: (A) the Participant's actual age if the
Participant's Enhanced Service is ten (10) years or more and Enhanced Age is
age 55 or older; (B) the Participant's actual age if the Participant's
Enhanced Age is age 65 or older; and (C) the Participant's Enhanced Age
in all other cases.

(iv) Immediately prior to a Change of Control, the Crown Central Petroleum
Corporation Supplemental Retirement Income Plan For Senior Executives
Plan Trust (the "Trust") shall become effective. The Corporation shall
immediately fund the Trust with an amount equal to then Actuarial
Equivalent of the SRI Benefits, as determined under Section 2(a)(iii),
of all Participants in the SRI Plan who are Executives at the time of the
Change of Control. The Corporation will maintain sufficient assets in the
Trust to pay such SRI Benefits for 24 months after the Change of Control.
The Trust shall be funded with cash or cash equivalents other than stock
of the Corporation.

(v) The provisions of Section 6 of the SRI Plan relating to noncompetition
shall not apply.

(b) Upon a Change of Control, the following provisions shall apply to the
Executives who are Participants in the Savings Plan as of the Change of Control
and who, within 24 months of a Change of Control, terminate employment for Good
Reason or are terminated without Good Cause. All capitalized terms used in this
Section 2(b) shall have the meanings as provided in the Supplemental Savings
Plan.

(i) An Executive shall be fully vested in the Participant's Matching Credits
Account.

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(ii) The Corporation shall make an additional contribution to the Participant's
Matching Credits Account in the Supplemental Savings Plan. The additional
contribution shall be equal to three (3) times the sum of the Corporation's
Matching Contributions under the Savings Plan to the Participant plus the
amounts credited to the Participant's Matching Credits Account in the
Supplemental Savings Plan for the calendar year prior to the Change of
Control.

Section 3.     Annual Incentive Plan.

This Section 3 shall apply to all Executives who are employed on the date of a
Change of Control. Upon any Change of Control, for purposes of the Annual
Incentive Plan for the fiscal year in which the Change of Control occurs, the
Corporation shall be deemed to have achieved the level of performance as to
each Performance Criteria that is the greater of (a) the actual level of
performance, or (b) the level of performance that would result in a
100-percent Performance Adjustment. Any Executive who is not also employed
on the last day of the calendar year in which the Change of Control occurs
shall receive a pro rata award under the Annual Incentive Plan as adjusted
under this Section 3 based on the portion of the calendar year during which
the Executive was employed.

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Section 4.     Outplacement Services.

Upon a Change of Control, any Executive who, within 24 months of a Change of
Control, terminates employment for Good Reason or is terminated without Good
Cause shall be entitled to receive complete outplacement services,
including job search and interview skill services. The services shall be
provided by a nationally recognized outplacement organization selected by the
Executive with the approval of the Corporation (which approval shall not be
unreasonably withheld). The services shall be provided for up to 24 months
after the Executive's termination of employment.

Section 5.     Benefits Upon Termination of Employment.

(a) Subject to the provisions of section 8, an Executive shall be entitled to a
Salary Continuance Benefit and a Welfare Continuance Benefit if, within 24
months after a Change of Control: (i) the employment of the Executive with the
Corporation is terminated by the Corporation for any reason other than Good
Cause, or (ii) the Executive terminates his employment with the Corporation for
Good Reason.

(b) The Salary Continuance Benefit shall be a lump sum payment equal to three
(3) times the Executive's Final Compensation.

(c) Payment of the Salary Continuance Benefit shall be subject to the following
terms and conditions:

(i) Salary Continuance Benefits shall be made net of all required federal and
state withholdings taxes and similar required withholdings.

(ii) Payment of the Salary Continuance Benefit shall not affect the entitlement
of the Executive or his Beneficiary, or any other person entitled to receive
benefits with respect to the Executive under any Retirement Plan, Welfare Plan,
or other plan or program maintained by the Corporation in which the Executive
participates at the date of termination of employment.

(iii) The Salary Continuance Benefit shall not be affected by any employment
that the Executive may obtain after termination with the Corporation nor
otherwise be subject to mitigation in any respect.

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(d) This subsection shall apply if a Change of Control occurs and a
determination is made that all or a portion of any payment, acceleration or
benefit to the Executive under the Plan (alone or in conjunction with any other
plan, program or policy of the Corporation) in connection with, on account of,
or as a result of, such Change of Control constitutes "excess parachute
payments" as defined in Section 280G of the Code, subject to the excise tax
("Excise Tax") provisions of Section 4999 of the Code, or any successor
sections thereof, or any similar state or local tax. The Executive shall be
entitled to receive from the Corporation, in addition to any other amounts
payable hereunder, a lump sum payment in an amount equal to the Excise Tax
imposed on the Executive. Such amount shall be payable to the Executive as
soon as may be practicable after such final determination is made. All
determinations required under this subsection shall be made by a nationally
recognized accounting firm selected by the Executive with the approval of the
Corporation (which approval shall not be unreasonably withheld). The fees and
expenses of the accounting firm shall be borne by the Corporation.

(e) During the Severance Period, an Executive and his dependents will continue
to be covered by all Welfare Plans in which he and his dependents were
participating immediately prior to the date of his termination (the "Welfare
Continuance Benefit"). Any changes to any Welfare Plan during the Severance
Period shall be applicable to the Executive and his dependents as if he
continued to be an employee of the Corporation. The Corporation will pay the
costs of the Welfare Continuance Benefit for the Executive and his dependents
under the Welfare Plans on the same basis as applicable, from time to time, to
active employees covered under the Welfare Plans. If such participation in any
one or more of the Welfare Plans included in the Welfare Continuance Benefit is
not possible under the terms of the Welfare Plan, the Corporation will provide
substantially identical benefits directly or through another insurance
arrangement. The Welfare Continuance Benefits as to any Welfare Plan will cease
if and when the Executive notifies the Corporation that all or part of the
Welfare Continuance Benefit may be terminated.

Section 6.     Death.

If an Executive dies while receiving a Welfare Continuance Benefit, the
Executive's spouse and other dependents shall continue to be covered under all
applicable Welfare Plans during the remainder of the Severance Period.

<PAGE>

Section 7.     Determinations of Eligibility.

If an Executive makes a claim for benefits under the Plan and that claim is
denied, the Corporation shall seek legal advice from a special independent
counsel selected by the Executive and approved by the Corporation (which
approval shall not be unreasonably withheld), and who has not otherwise
performed services for the Company within the last five (5) years (other
than in connection with this Plan) or for the Executive. Such counsel shall
render a written opinion to the Corporation and Executive as to whether
and to what extent the Executive is entitled to benefits under the Plan.
The Corporation shall indemnify the Executive against any and all expenses
(including attorneys' fees) which are incurred by the Executive in
connection with any claim made for benefits under the Plan that is initially
denied by the Corporation and that is ultimately paid under the Plan.

Section 8.     Release of Claims.

In consideration for and as a condition to receiving any payments under this
Plan, the Executive must execute a written release in a form provided by the
Corporation. In addition to any other provisions determined by the Corporation,
the release may provide that the Executive agrees, for himself and his heirs,
representatives, successors and assigns, that the Executive has finally and
permanently separated from employment with the Corporation, and that he waives,
releases and forever discharges the Corporation from any and all claims, known
or unknown, that he has or may have, including but not limited to those
relating to or arising out of his employment with the Corporation and the
termination thereof, including but not limited to any claims of wrongful
discharge, breach of express or implied contract, fraud, misrepresentation,
defamation, liability in tort, any claims under Title VII of the Civil Rights
Act of 1964, as amended, the Age Discrimination in Employment Act, the
Employee Retirement Income Security Act, the Fair Labor Standards Act, or
any other federal, state or local law relating to employment, employee
benefits or the termination of employment, excepting only any claims to
vested retirement benefits.

Section 9.     No Setoff.

Payment of a Severance Benefit shall be in addition to any other amounts
otherwise payable to the Executive, including any accrued but unpaid vacation
pay. No payments or benefits payable to or with respect to an Executive
pursuant to this Plan shall be reduced by any amount the Executive may owe
to the Corporation (except for amounts owed to the Corporation on account
of loans, travel or standing advances, personal charges on Corporation
credit cards or accounts, or the value of Corporation property not returned
to the Corporation), or by any amount an Executive may earn or receive from
employment with another employer or from any other source.

<PAGE>

Section 10.    No Assignment of Benefit.

No interest of any Executive or any Beneficiary under this Plan, or any right
to receive any payment or distribution hereunder, shall be subject in any
manner to sale, transfer, assignment, pledge, attachment, garnishment, or
other alienation or encumbrance of any kind, nor may such interest or right
to receive a payment or distribution be taken, voluntarily or involuntarily,
for the satisfaction of the obligations or debts of, or other claims against,
the Executive or Beneficiary, including claims for alimony, support, separate
maintenance, and claims in bankruptcy proceedings.

Section 11.    Benefits Unfunded.

All rights under this Plan of the Executives and Beneficiaries, shall at all
times be entirely unfunded, and no provision shall at any time be made with
respect to segregating any assets of the Corporation for payment of any amounts
due hereunder except as provided with respect to the SRI Plan. The Executives
and Beneficiaries shall have only the rights of general unsecured creditors of
the Corporation.

Section 12.    Applicable Law.

This Plan shall be construed and interpreted pursuant to the laws of the State
of Maryland.

Section 13.    No Employment Contract.

Nothing contained in this Plan shall be construed to be an employment contract
between an Executive and the Corporation.

Section 14.    Severability.

In the event any provision of this Plan is held illegal or invalid, the
remaining provisions of this Plan shall not be affected thereby.

Section 15.    Successors.

The Plan shall be binding upon and inure to the benefit of the Corporation,
the Executives and their respective heirs, representatives and successors.

Section 16.    Litigation Expenses.

The Corporation shall pay the litigation expenses, including reasonable
attorneys' fees, incurred by any Executive or Beneficiary in a suit against the
Corporation in which such Executive or Beneficiary successfully sues to enforce
his rights under the Plan.

Section 17.    Amendment and Termination.

The Board shall have the right to amend the Plan from time to time and may
terminate the Plan at any time, except as provided below:

(a) No amendment may be made to the Plan and the Plan may not be terminated for
24 months after a Change of Control,

<PAGE>

(b) No amendment or termination shall reduce the benefits payable to an
Executive who is receiving a Severance Benefit, and

(c) No amendment or termination that would adversely affect an Executive shall
be effective with respect to any existing Executive until 24 months after
approval of the amendment or termination by the Board.

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