Document:

Exhibit 10.14

                               SUBSIDIARY GUARANTY

         SUBSIDIARY GUARANTY, dated as of July 2nd, 2003 (this "GUARANTY"), made
by TTech ACQUISITION CORP., a corporation organized and existing under the laws
of the State of Delaware (the "GUARANTOR") in favor of JPMorgan Chase Bank (the
"BANK").

                             PRELIMINARY STATEMENTS

         (1) Find/SVP, Inc., a corporation organized and existing under the laws
of the State of New York (the "BORROWER"), issued (i) the Amended and Restated
Term Promissory Note, dated April 1, 2003, as amended by Amendment No. 1
thereto, dated as of July 2, 2003, in the principal amount of $1,500,000, and
(ii) the Amended and Restated Senior Grid Promissory Note, dated April 1, 2003,
as amended by Amendment No. 1 thereto, dated as of July 2, 2003, in the
principal amount of $1,000,000, in each case payable to the order of the Bank
(the foregoing two promissory notes, as the same may be further amended,
restated, supplemented or otherwise modified from time to time, being
hereinafter referred to, collectively, as the "NOTES").

         (2) The Borrower has requested the Bank's consent to the formation by
the Borrower of a new subsidiary, the Guarantor, the acquisition of certain
assets by the Guarantor from Sopheon Corporation and to the incurrence of up to
$500,000 of subordinated indebtedness by the Borrower in order to finance such
acquisition.

         (3) As a condition to the Bank's consent to such acquisition and such
incurrence of subordinated indebtedness, the Guarantor is required to enter into
this Guaranty. The Guarantor will derive substantial direct and indirect benefit
from the transactions contemplated by the Notes.

         NOW, THEREFORE, in consideration of the premises and in order to induce
the Bank to make loans under the Notes and to consent to such acquisition and
indebtedness, the Guarantor hereby agrees as follows:

         SECTION 1. CERTAIN DEFINED TERMS. Unless otherwise defined herein,
capitalized terms shall have the meaning assigned to such terms in the Notes.

         SECTION 2. GUARANTY. The Guarantor hereby unconditionally and
irrevocably guarantees the punctual payment when due, whether at stated
maturity, by acceleration or otherwise (including, without limitation, all
amounts which would have become due but for the operation of the automatic stay
under Section 362(a) of the Federal Bankruptcy Code, 11 U.S.C. ss. 362(a)), of
all obligations of the Borrower now or hereafter existing to the Bank,
including, but not limited to, all obligations of the Borrower now or hereafter
existing under the Notes and the other Facility Documents to which the Borrower
is or will be a party, whether for principal, interest, fees, expenses or
otherwise (such obligations being the "OBLIGATIONS"), and agrees to pay any and
all expenses (including, without limitation, reasonable fees and expenses of
counsel)
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incurred by the Bank in enforcing any rights under this Guaranty. Without
limiting the generality of the foregoing, the Guarantor's liability shall extend
to all amounts that constitute part of the Obligations and would be owed by the
Borrower to the Bank but for the fact that they are unenforceable or not
allowable due to the existence of a bankruptcy, reorganization or similar
proceeding involving the Borrower. Notwithstanding the foregoing, the
obligations of the Guarantor hereunder shall be limited to a maximum aggregate
amount equal to the greatest amount that would not render the Guarantor's
obligations hereunder subject to avoidance as a fraudulent transfer or
conveyance under Section 548 of Title 11 of the United States Code or any
provisions of applicable state law.

         SECTION 3. GUARANTY ABSOLUTE. The Guarantor guarantees that the
Obligations will be paid strictly in accordance with the respective terms of the
Notes, the other Facility Documents and any other documents that evidence the
Obligations (collectively, the "LOAN DOCUMENTS"), regardless of any law,
regulation or order now or hereafter in effect in any jurisdiction affecting any
of such terms or the rights of the Bank with respect thereto. The obligations of
the Guarantor under this Guaranty are independent of the Obligations, and a
separate action or actions may be brought and prosecuted against the Guarantor
to enforce this Guaranty, irrespective of whether any action is brought against
the Borrower or whether the Borrower is joined in any such action or actions.
The liability of the Guarantor under this Guaranty shall be absolute and
unconditional irrespective of:

                  (i) any lack of validity or enforceability of any of the Notes
         or the other Loan Documents, or any other agreement or instrument
         relating thereto or evidencing any other Obligations;

                  (ii) any change in the time, manner or place of payment of, or
         in any other term of, all or any of the Obligations, or any other
         amendment or waiver of or any consent to departure from any Note or any
         other Loan Document, including any increase in the Obligations
         resulting from the extension of additional credit to the Borrower or
         any of its Subsidiaries or otherwise;

                  (iii) any taking, exchange, release or non-perfection of any
         collateral, or any taking, release or amendment or waiver of, or
         consent to departure from any other guaranty, for all or any of the
         Obligations;

                  (iv) the existence of any claim, set-off, defense or other
         right which the Guarantor may have at any time against the Bank or any
         other Person, whether in connection with this Guaranty, the
         transactions contemplated in any of the Notes or any other Loan
         Documents, or any unrelated transaction;

                  (v) any manner of application of collateral, or proceeds
         thereof, to all or any of the Obligations, or any manner of sale or
         other disposition of any collateral for all or any of the Obligations
         or any other assets of the Borrower or any of its Subsidiaries;

                  (vi) any change, restructuring or termination of the corporate
         structure or existence of the Borrower or any of its Subsidiaries; or
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                                                                               3

                  (vii) any other circumstance that might otherwise constitute a
         defense available to, or a discharge of, the Borrower or a guarantor.

This Guaranty shall continue to be effective or be reinstated, as the case may
be, if at any time any payment of any of the Obligations is rescinded or must
otherwise be returned by the Bank upon the insolvency, bankruptcy or
reorganization of the Borrower, the Guarantor or otherwise, all as though such
payment had not been made.

         SECTION 4. WAIVER. The Guarantor hereby waives promptness, diligence,
notice of acceptance and any other notice with respect to any of the Obligations
and this Guaranty and any requirement that the Bank protect, secure, perfect or
insure any security interest or lien or any property subject thereto or exhaust
any right or take any action against the Borrower or any other Person or any
collateral.

         SECTION 5. SUBROGATION. The Guarantor hereby irrevocably waives any
claim or other rights which it may now or hereafter acquire against the Borrower
that arise from the existence, payment, performance or enforcement of the
Guarantor's obligations under this Guaranty or any other Loan Document,
including, without limitation, any right of subrogation, reimbursement,
assignment, contribution, exoneration, implied contract or indemnification, any
right to participate in any claim or remedy of the Bank against the Borrower or
any collateral that the Bank now has or hereafter acquires, whether or not such
claim, remedy or right arises in equity, or under contract, statute or common
law, including, without limitation, the right to take or receive from the
Borrower, directly or indirectly, in cash or other property or by set-off or in
any manner, payment or security on account of such claim or other rights, until
such time as the Obligations shall have been indefeasibly paid in full in cash.
If any amount shall be paid to the Guarantor in violation of the preceding
sentence, such amount shall be deemed to have been paid to the Guarantor for the
benefit of, and held in trust for, the Bank, shall be segregated from other
funds of the Guarantor, and shall forthwith be paid to the Bank in the exact
form received by the Guarantor (duly endorsed by the Guarantor to the Bank) to
be credited and applied against the Obligations, whether matured or unmatured,
in such order as the Bank may determine. The Guarantor acknowledges that it will
receive direct and indirect benefits from the financing arrangements
contemplated by the Notes and the other Loan Documents and that the waiver set
forth in this Section is knowingly made in contemplation of such benefits.

         SECTION 6. REPRESENTATIONS AND WARRANTIES. The Guarantor hereby
represents and warrants as follows:

        (a) It is a corporation duly organized, validly existing and in good
standing under the laws of the state of its organization and is duly qualified
to do business in all other jurisdictions where the nature of its business or
the nature of property owned or used by it makes such qualification necessary
(except where the failure to so qualify would not reasonably be expected to have
a material adverse effect on its business, financial condition, operations or
results of operations).

        (b) Its execution, delivery and performance of this Guaranty and the
respective Loan Documents to which it is or will be a party are within its
corporate powers, have been duly authorized by all necessary corporate action,
and do not and will not contravene (i) its certificate

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                                                                               4

of incorporation or by-laws, (ii) law, or (iii) any legal or contractual
restriction binding on or affecting it.

        (c) All authorizations, approvals and consents of any governmental
authority or other Person that are required to have been obtained by it with
respect to this Guaranty have been obtained and are in full force and effect.

        (d) This Guaranty is the legal, valid and binding obligation of the
Guarantor, enforceable against the Guarantor in accordance with its terms,
except as limited by bankruptcy, insolvency, reorganization, moratorium or other
laws affecting the enforcement of creditors' rights generally and by general
equitable principles (regardless of whether such enforceability is considered in
a proceeding in equity or at law).

        (e) There are no actions, suits, proceedings or investigations pending
or, to its knowledge, threatened against or affecting it before any court,
governmental agency or arbitrator, which involve forfeiture of any of its assets
or which may materially adversely affect its financial condition, operations,
properties, business or prospects or its ability to perform its obligation under
this Guaranty.

        (f) It has filed all tax returns (Federal, state and local) required to
be filed and paid all taxes shown thereon to be due, including interest and
penalties, or, to the extent it is contesting in good faith an assertion of
liability based on such returns, has provided adequate reserves for payment
thereof in accordance with generally accepted accounting principles.

        (g) It is a wholly-owned Subsidiary of the Borrower.

        (h) Its operations and properties comply in all respects with all
applicable laws, rules, regulations and orders of any governmental authority,
the noncompliance with which could reasonably be expected to have a material
adverse effect upon its financial condition, operations, properties, business or
prospects or its ability to perform its obligation under this Guaranty.

        (i) There are no conditions precedent to the effectiveness of this
Guaranty that have not been satisfied or waived.

        (j) It has, independently and without reliance upon the Bank and based
on such documents and information as it has deemed appropriate, made its own
credit analysis and decision to enter into this Guaranty.

        (k) It is, and upon the consummation of the transactions contemplated
under the Loan Documents and this Guaranty will be, solvent, and has, and upon
the consummation of such transactions will have, assets having a fair value in
excess of the amount required to pay its probable liabilities on its existing
Debt as they become absolute and matured, and does not have, and will not have,
upon the consummation of such transactions, an unreasonably small capital for
the conduct of its business as it is now being conducted.

         SECTION 7. AMENDMENTS, ETC. No amendment or waiver of any provision of
this Guaranty, and no consent to any departure by the Guarantor herefrom, shall
in any event be effective unless the same shall be in writing and signed by the
Bank, and then such waiver or

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                                                                               5

consent shall be effective only in the specific instance and for the specific
purpose for which given.

         SECTION 8. ADDRESSES FOR NOTICES. All notices and other communications
provided for hereunder shall be in writing (including telegraphic, facsimile,
telex or cable communication) and mailed, telegraphed, telecopied, telexed,
cabled or delivered, if to the Guarantor, at its address at c/o Find/SVP, Inc.,
625 Avenue of the Americas, New York, New York 10011-2020, Attention: Chief
Executive Officer, and if to the Bank, at its address at 1166 Avenue of the
Americas, New York, New York 10036, Attention: Stephen J. Szanto, or, as to any
party, at such other address as shall be designated by such party in a written
notice to each other party. All such notices and other communications shall,
when mailed, telegraphed, telecopied, telexed or cabled, be effective five days
after when deposited in the mails, or when delivered to the telegraph company,
telecopied, confirmed by telex answerback or delivered to the cable company,
respectively.

         SECTION 9. NO WAIVER; REMEDIES. No failure on the part of the Bank to
exercise, and no delay in exercising, any right hereunder shall operate as a
waiver thereof; nor shall any single or partial exercise of any right hereunder
preclude any other or further exercise thereof or the exercise of any other
right. The Bank shall have all remedies available at law or equity, including,
without limitation, the remedy of specific performance for any breach of any
provision hereof. The remedies herein provided are cumulative and not exclusive
of any remedies provided by law or equity.

         SECTION 10. RIGHT OF SET-OFF. Upon the occurrence and during the
continuance of any Event of Default, the Bank is hereby authorized at any time
and from time to time, to the fullest extent permitted by law, to set off and
apply any and all deposits (general or special, time or demand, provisional or
final) at any time held and other indebtedness at any time owing by the Bank to
or for the credit or the account of the Guarantor against any and all of the
obligations of the Guarantor now or hereafter existing under this Guaranty,
whether or not the Bank shall have made any demand under this Guaranty and
although such obligations may be contingent and unmatured. The Bank agrees to
notify promptly the Guarantor after any such set-off and application made by the
Bank, PROVIDED that the failure to give such notice shall not affect the
validity of such set-off and application. The rights of the Bank under this
Section 10 are in addition to other rights and remedies (including other rights
of set-off) which the Bank may have.

         SECTION 11. WAIVER. the Guarantor hereby waives promptness, diligence,
notice of acceptance and any other notice with respect to any of the Obligations
and this Guaranty and any requirement that the Bank protect, secure, perfect or
insure any lien or any property subject thereto or exhaust any right or take any
action against the Borrower or any other Person (including, without limitation,
any other guarantor) or any collateral securing the Obligations.

         SECTION 12. CONTINUING GUARANTY. This Guaranty is a continuing guaranty
and shall (i) remain in full force and effect until the indefeasible payment in
full in cash of the Obligations and all other amounts payable under this
Guaranty, (ii) be binding upon the Guarantor, its successors and assigns, and
(iii) inure to the benefit of, and be enforceable by, the Bank and its
successors, transferees and assigns. Notwithstanding the foregoing, the
Guarantor may not

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transfer or assign all or any portion of its rights or obligations under this
Guaranty without the prior written consent of the Bank, and any such transfer or
assignment made in violation of the foregoing shall be null and void AB INITIO.

         SECTION 13. WAIVER OF JURY TRIAL. EACH OF THE GUARANTOR AND THE BANK
HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING
OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS GUARANTY OR ANY OF THE NOTES
OR OTHER LOAN DOCUMENTS, OR ANY OTHER INSTRUMENT OR DOCUMENT DELIVERED HEREUNDER
OR THEREUNDER.

         SECTION 14. SEVERABILITY. Any provision of this Guaranty that is
prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction,
be ineffective to the extent of such prohibition or unenforceability without
invalidating the remaining provisions of this Guaranty or affecting the validity
or enforceability of such provisions in any other jurisdiction.

         SECTION 15. COUNTERPARTS. This Guaranty may be executed by the parties
hereto in several counterparts, each of which shall be deemed to be an original
and all of which shall constitute but one and the same agreement.

         SECTION 16. GOVERNING LAW. This Guaranty shall be governed by, and
construed in accordance with, the laws of the State of New York. The Guarantor
(i) irrevocably submits to the jurisdiction of any New York State court or
Federal court sitting in New York City in any action arising out of this
Guaranty or any of the Notes or other Loan Documents, (ii) agrees that all
claims in such action may be decided in such court, (iii) waives, to the fullest
extent it may effectively do so, the defense of an inconvenient forum and (iv)
consents to the service of process by mail. A final judgment in any such action
shall be conclusive and may be enforced in other jurisdictions. Nothing herein
shall affect the right of any party to serve legal process in any manner
permitted by law or affect its right to bring any action in any other court.
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                                                                             S-1

         IN WITNESS WHEREOF, the Guarantor has caused this Guaranty to be duly
executed and delivered by its officer thereunto duly authorized as of the date
first above written.

                                       TTECH ACQUISITION CORP.

                                       By /s/ Peter Stone
                                          -----------------------
                                         Title: Treasurer

The foregoing Guaranty is hereby accepted:

JPMORGAN CHASE BANK

By /s/ Steven Szanto
   -----------------------
  Title: Vice President

                           Signature Page to GuarantyISPAT International N.V.
                            Global Stock Option Plan

                          Effective September 15, 1999

                         (as amended February 17, 2003)

<PAGE>

Contents

--------------------------------------------------------------------------------
Article 1.  Establishment, Objectives, and Duration                            1

Article 2.  Definitions                                                        1

Article 3.  Administration                                                     3

Article 4.  Shares Subject to the Plan                                         3

Article 5.  Eligibility and Participation                                      3

Article 6.  Awards                                                             4

Article 7.  General Provisions                                                 6

<PAGE>

The ISPAT International N.V. Global Stock Option Plan

Article 1. Establishment, Objectives, and Duration

         1.1    Establishment of the Plan. ISPAT International N.V.,
incorporated under the laws of the Netherlands, (hereinafter referred to as the
"Company"), hereby establishes a worldwide stock option plan to be known as "The
ISPAT International N.V. Global Stock Option Plan" (hereinafter referred to as
the "Plan"), as set forth herein.

         1.2    Purpose. The purpose of the Plan is to advance the interests of
the Company by giving certain key employees a stake in the Company's future
growth and success, to increase such employees' focus on the Company's stock
price, and to strengthen the alignment of interest between such employees and
the Company's shareholders through the increased ownership of shares of the
Company's common stock.

         1.3    Duration of the Plan. The Plan shall become effective as of
September 15, 1999 (the "Effective Date"). The Plan shall terminate on September
14, 2009. No Award may be granted after the termination date of the Plan, but
Awards theretofore granted shall continue in force beyond that by a Participant
pursuant to an Option.

Article 2. Definitions

         Whenever used in the Plan, the following terms shall have the meanings
set forth below, and when the meaning is intended, the initial letter of the
word shall be capitalized:

        2.1    "Affiliate" means any entity in which the Company has an
               ownership interest of fifty percent (50%) or more.

        2.2    "Amsterdam Shares" means Class A Shares in bearer form traded
               on the Amsterdam Stock Exchange.

        2.3    "Award" means a grant of an Option or a SAR under the Plan.

        2.4    "Award Period" means (i) the period commencing on and ending
               forty-two (42) days after September 15, 1999; and (ii)
               thereafter, a period commencing on and ending forty-two (42) days
               after the announcement of the results for the second quarter or
               the fourth quarter of the Company's financial years; provided
               that, if the Company is prevented by statute, order, regulation
               or government directive or insider dealing rules from granting
               Awards within any such periods then the Committee may grant
               Awards within the period of twenty-one (21) days after the
               lifting of such restriction. The Committee may grant an Award
               outside these periods in order to recruit or retain an Eligible
               Employee.

        2.5    "Board" or "Board of Directors" means the Managing Board
               (Directle) of the Company.

        2.6    "Committee" means the Plan Administration Committee of the
               Board or such other committee appointed by the Board to
               administer the Plan.

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<PAGE>

        2.7    "Common Stock" means the Class A Shares, par value NLG 0.01*
               per share, of the Company.

        2.8    "Designated Broker" means the Donaldson, Lufkin & Jenrette
               Company, or any such other institution that the Board may
               designate from time to time.

        2.9    "Disability" or "Disabled" means qualifying for benefits
               under a long-term disability pay plan maintained by the Company
               of any Affiliate, or as required by or available under applicable
               law, or in the absence of any such plan or law, as determined by
               the Committee.

        2.10   "Eligible Employee" means senior management at the Company
               or any of its Affiliates.

        2.11   "Fair Market Value" means the average of the high and low
               prices of a share of Common Stock on the New York Stock Exchange
               on the last day on which a trade occurred preceding the relevant
               date, or as otherwise determined by the Committee.

        2.12   "Grant Date" means such date, as determined by the
               Committee, upon which Awards are granted to Participants pursuant
               to the terms of this Plan.

        2.13   "New York Shares" means Class A Shares in registered form on
               the register maintained by the Company's Transfer Agent and
               traded on the New York Stock Exchange.

        2.14   "Option" means a right to purchase a specified number of
               shares of Common Stock at the Option Exercise Price.

        2.15   "Option Exercise Price" means the price at which a share of
               Common Stock may be purchased by a Participant pursuant to an
               Option

        2.16   "Participant" means an Eligible Employee who is an employee
               (including a director or an officer) of the Company or any of its
               Affiliates and who has been selected by the Committee, in its
               sole discretion, to receive an Award or who has outstanding an
               Award granted under the Plan, or where the context so requires, a
               former Eligible Employee or any person becoming entitled to any
               such Award in consequence of the death of the original
               Participant.

        2.17   "Retirement" means, strictly for purpose of this Plan,
               retirement at age 60, or otherwise with the consent of the
               Committee.

        2.18   "Rotterdam Shares" means Class A Shares in registered form
               registered in the Rotterdam Register.

        2.19   "SAR" means an Award pursuant to which the Participant
               receives a right to a cash settlement payment upon exercise equal
               to the excess of the Fair Market Value of one share of Common
               Stock on the date of exercise over the SAR Exercise Price
               multiplied by the number of SARs granted.

                                       2
<PAGE>

* The par value of the Class A Shares was changed to Euro 0.01 on December 31,
2001

        2.20   "SAR Exercise Price" shall have the meaning ascribed to such term
               in Section 6.1(b).

        2.21   "Transfer Agent" means the Bank of New York, or any such other
               institution that the Board may designate from time to time.

Article 3. Administration

         The Plan and all Awards granted pursuant hereto shall be administrated
by the Committee. The Committee may, from time to time, adopt rules and
regulations for carrying out the provisions and purposes of the Plan. The
Committee, in its absolute discretion, shall have the power to interpret and
construe the Plan; provided, however, that the Committee or the Board may
designate persons other than members of the Committee to carry out such
responsibilities of the Committee under the Plan as it may deem appropriate. Any
interpretation or construction of any provision of this Plan by the Committee
shall be final and conclusive upon all parties. No member of the Committee or
the Board shall be liable for any action or determination made hereunder in good
faith.

Article 4.  Shares Subject to the Plan

         4.1    Number of Shares Available for Awards. The number of shares of
Common Stock available with respect to all Awards granted under the Plan shall
not exceed ten million (10,000,000) in the aggregate, subject to adjustment
under Section 4.2 herein.

         4.2    Changes in Capitalization. In the event there are any changes in
the Common Stock or the capitalization of the Company through a corporate
transaction, such as any merger, any acquisition through the issuance of Common
Stock, any consolidation, any separation of the Company (including a spin-off or
other distribution of Common Stock), any reorganization of the Company, or any
partial or complete liquidation of the Company, recapitalization, stock
dividend, stock split or other change in the corporate structure of the Company,
appropriate adjustments and changes shall be made by the Committee, to the
extent necessary to preserve the benefit to the Participant contemplated hereby,
to reflect such changes in (a) the aggregate number of shares of Common Stock
subject to the Plan; (b) the number of shares of Common Stock for which Awards
may be granted or awarded to any Participant; (c) the number of Options and the
Option Exercise Price with respect to outstanding Options; (d) the number of
SARs and the SAR Exercise Price with respect to outstanding SARs; and (e) such
other provisions of the Plan as may be necessary and equitable to carry out the
foregoing purposes.

Article 5.  Eligibility and Participation

         An Award may be granted by the Committee, in its discretion, only to an
Eligible Employee who is actively employed (including appointed as a director or
an officer) by the Company or any Affiliate on the Grant Date. The granting of
Awards under the terms of this Plan is made at the sole discretion of the
Committee and does not entitle a Participant to receive future Awards. The
adoption of this Plan shall not be deemed to give any Eligible Employee any
right to be granted an Award, except to the extent as may be determined by the
Committee.

                                       3
<PAGE>

Article 6. Awards

         6.1    Awards. The Award to each Participant under the Plan shall
consist of either Options, or SARs. The Committee shall determine (a) the number
of shares of Common Stock to be covered by each Award; (b) when Awards are first
exercisable and the period of exercise; (c) the exercise price; and (d) any
withholding requirements. An Award may only be granted in an Award Period. The
Award shall be evidenced by the issue of a certificate in a form as may be
amended by the Committee from time to time and which shall contain details of
the number of shares of Common Stock covered by the Award and the terms and
conditions of the Award. No consideration shall be payable for the Award.

         (a)      Term of Award. The term of each Award shall be no more then
                  ten (10) years from the Grant Date, except as provided in
                  Section 6.1(h).

         (b)      Exercise Price. The Option Exercise Price, or the SAR Exercise
                  Price with respect to SARs, shall be not less than the Fair
                  Market Value of the Common Stock on the Grant Date.
                  Notwithstanding the immediately preceding sentence, the Option
                  Exercise Price or the SAR Exercise Price, as the case may be,
                  may never be less than the par value of the Common Stock.

         (c)      Limitations on Exercise. Awards do not provide the Participant
                  with any rights or interests until they vest and become
                  exercisable in accordance with the following:

                  (i)      An Award shall vest in its entirety upon the
                           Participant's termination of employment due to death,
                           Disability, or Retirement; or

                  (ii)     Otherwise, one-third of the Award shall vest, on a
                           cumulative basis, upon each of the first, second, and
                           third anniversaries of the Grant Date, provided the
                           Participant has continued in the employment of the
                           Company or an Affiliate through such anniversary or
                           anniversaries.

                  Awards which are exercisable at the time of termination of
                  employment continue to be exercisable until terminated as
                  described in Section 6.1(d).

                  Awards which are not and do not become exercisable at the time
                  of the Participant's termination of employment shall,
                  coincident therewith, terminate and be of no force or effect.

         (d)      Termination of Awards. Except as otherwise provided under the
                  terms of an Award, the Awards, which become exercisable as
                  provided in Section 6.1(c) above, shall terminate and be of no
                  force or effect as follows:

                  (i)      If the Participant's employment terminates during the
                           term of an Award by reason of death, Disability, or
                           Retirement, the Award terminates and has no force or
                           effect upon the earlier of (a) three (3) years after
                           the date of termination, or (b) the expiration of the
                           term of the Award as provided in Section 6.1(a);

                                       4
<PAGE>

                  (ii)     If the Participant's employment terminates during the
                           term of an Award for any other reason, the Award
                           terminates and has no force or effect upon the
                           earlier of (a) three (3) months after the date of
                           termination, or (b) the expiration of the term of the
                           Award as provided in Section 6.1 (a); and

                  (iii)    If the Participant continues in the employ of the
                           Company or an Affiliate through the term of an Award,
                           the Award terminates and has no force or effect upon
                           the expiration of its term as provided in Section
                           6.1(a).

         (e)      Nontransferability. No Award granted under the Plan may be
                  sold, transferred, pledged, assigned, or otherwise alienated
                  or hypothecated, other than by will or by the laws of descent
                  and distribution. Further, all Awards granted to a Participant
                  under the Plan shall be exercisable during his or her lifetime
                  only by such Participant.

         (f)      Exercise of Options. Options may be exercised by delivery of
                  written irrevocable election to exercise to the Designated
                  Broker, with a copy to the General Manager for Finance of the
                  Company. Such election: (a) shall be signed by the Participant
                  or his or her legal representative; (b) shall specify the
                  number of Options being exercised and thus the number of full
                  shares of Common Stock then elected to be purchased with
                  respect to the Options; and (c) shall be accompanied by
                  payment in full of the Option Exercise Price for the shares of
                  Common Stock to be purchased.

                  Options shall not be exercised and shares of Common Stock
                  shall not be delivered, transferred, sold, or offered in or
                  from the Netherlands. The shares of Common Stock delivered to
                  a Participant who has exercised his or her option shall be New
                  York Shares, and shall not be exchangeable, in whole or in
                  part, against Amsterdam Shares or Rotterdam Shares.

                  As promptly as practicable after receipt of the election to
                  exercise, the Transfer Agent shall cause to be issued and
                  delivered to the Participant or his or her legal
                  representative, as the case may be, certificates for the
                  shares of Common Stock so purchased. Such certificates shall
                  be issued in the Participant's name (or, at the discretion of
                  the Participant, jointly in the names of the Participant and
                  the Participant's spouse).

                  The Option Exercise Price shall be payable in full either: (a)
                  in cash or its equivalent (acceptable cash equivalents shall
                  be determined at the sole discretion of the Committee); or (b)
                  by tendering previously acquired shares of Common Stock having
                  an aggregate Fair Market Value at the time of exercise equal
                  to the total Option Exercise Price (provided that the shares
                  of Common Stock which are tendered must have been held by the
                  Participant for at least six months prior to their tender to
                  satisfy the Option Exercise Price); or (c) by a combination of
                  (a) and (b).

                                       5
<PAGE>

                  Subject to the approval of the Committee (as defined in the
                  Plan), the Participant may be permitted to exercise pursuant
                  to a "cashless exercise" procedure, as permitted under United
                  States Federal Reserve Board's Regulation T, subject to
                  securities law restrictions, or by any other means which the
                  Committee, in its sole discretion, determines to be consistent
                  with the Plan's purpose and applicable law.

         (g)      Stock Appreciation Rights. The Committee may grant SARs in
                  lieu of Options under the Plan.

                  SARs may be exercised by delivery of an irrevocable election
                  to exercise to the Designated Broker, with a copy to the
                  General Manager for Finance. Such election: (a) shall be
                  signed by the Participant or his or her legal representative,
                  and (b) shall specify the number of SARs being exercised. As
                  promptly as practicable after receipt of the election to
                  exercise, the Participant or his or her legal representative,
                  as the case may be, shall be paid a cash settlement payment
                  equal to the difference between the SAR Exercise Price and the
                  Fair Market Value of the Common Stock on the date of exercise
                  multiplied by the number of SARs being exercised.

         (h)      Additional Terms. The Board may, in its discretion: (a)
                  establish local country plans as subplans to this Plan, each
                  of which may be attached as an Appendix hereto; and (b) take
                  any action, before or after an Award is made, which it deems
                  advisable to obtain or comply with any necessary local
                  government regulatory exemptions or approvals; provided that
                  the Board may not take any action hereunder which would
                  violate any securities law or any governing statute.

Article 7.  General Provisions

         7.1    No Additional Rights. Nothing in the Plan shall interfere with
or limit in any way the right of the Company to terminate any Participant's
employment at any time, or confer upon any Participant any right to continue in
the employ of the Company.

No employee shall have the right to be selected to receive an Award under this
Plan or having been so selected, to be selected to receive a future Award.

Neither the Award nor any benefits arising under this Plan shall constitute part
of a Participant's employment contract with the Company or any Affiliate, and
accordingly, this Plan and the benefits hereunder may be terminated at any time
in the sole and exclusive discretion of the Committee without giving rise to
liability on the part of the Company or any Affiliate for severance payments.

         7.2    No Effect on Other Benefits. The receipt of Awards under the
Plan shall have no effect on any benefits and obligations to which Participant
may be entitled from the Company or any Affiliate, under another plan or
otherwise, or preclude a Participant from receiving any such benefits.

         7.3    Rights as a Stockholder. A Participant shall have none of the
rights of a shareholder with respect to shares of Common Stock covered by any
Award until the Participant becomes the record holder of such shares as
determined by the records of the Transfer Agent.

                                       6
<PAGE>

         7.4    Continuation of Employment. This Agreement shall not confer upon
the Participant any right to continuation of employment by the Company, nor
shall this Agreement interfere in any way with the Company's right to terminate
the Participant's employment at any time.

         7.5    Binding Effect. Any decision made or action taken by the
Company, the Board, or by the Committee arising out of or in connection with the
construction, administration, interpretation, and effect of the Plan shall be
conclusive and binding upon all persons, including the Company, its
shareholders, employees, Participants, and their estates and beneficiaries.

         7.6    Inalienability of Benefits and Interest. No benefit payable
under, or interest in, the Plan, other than by will or by the laws of descent
and distribution, shall be subject in any manner to anticipation, alienation,
sale, transfer, assignment, pledge, encumbrance, or charge, and any such
attempted action shall be void and no such benefits or interest shall be in any
manner liable for or subject to debts, liabilities, engagements, or torts of any
Participant or beneficiary.

         7.7    Requirements of Law. The granting of Awards and the issuance of
shares of Common Stock under the Plan shall be subject to all applicable laws,
rules and regulations, and to such approvals by any governmental agencies or
national securities exchanges as may be required.

         7.8    Withholding. The Company shall have the power and the right to
deduct or withhold, or require a Participant to remit to the Company, an amount
sufficient to satisfy all taxes required by law or regulation to be withheld
with respect to any taxable event arising as a result of this Plan.

         7.9    Amendments. The Board of Directors may at any time and from time
to time alter, amend, suspend, or terminate the Plan in whole or in part;
however, no amendment, suspension, or termination of the Plan shall be permitted
that would impair or diminish, in any material respect, any outstanding Award
without the written consent of the Participant to whom such Award was granted.

         7.10   Delivery of Title. The Company shall have no obligation to issue
or deliver evidence of title for shares of Common Stock under the Plan prior to:

         (a)      Obtaining any approvals from governmental agencies that the
                  Company determines are necessary or advisable; and

         (b)      Completion of any registration or other qualification of the
                  shares of Common Stock under any applicable national or
                  foreign law or ruling of any governmental body that the
                  Company determines to be necessary or advisable.

         7.11   Listing. The Company may use at reasonable endeavors to register
the shares of Common Stock allotted pursuant to the exercise of an Option with
the United States Securities and Exchange Commission or to effect compliance
with the registration, qualification, and listing requirements of any national
or foreign securities laws, stock exchange, or automated quotation system.

                                       7
<PAGE>

         7.12   Governing Law. Except for any subplan established pursuant to
Section 6.1(h), the Plan and all agreements hereunder shall be construed in
accordance with and governed by the laws of state of New York.

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