Document:

EXHIBIT 4.3

 Exhibit 4.3 
  

1996 STOCK INCENTIVE PLAN (AS AMENDED SEPTEMBER 22, 2004) 
  

	SECTION 1.	 General Purpose of the Plan; Definitions 

  
 The name of the plan is the CACI International Inc 1996 Stock Incentive Plan (the “Plan”). The purpose of the Plan is to encourage and enable
the officers, employees and directors of CACI International Inc (the “Company”) and its Affiliates upon whose judgment, initiative and efforts the Company largely depends for the successful conduct of its business to acquire a proprietary
interest in the Company. It is anticipated that providing such persons with a direct stake in the Company’s welfare will assure a closer identification of their interests with those of the Company and its shareholders, thereby stimulating their
efforts on the Company’s behalf and strengthening their desire to remain with the Company. 
  
 The following terms shall be defined as set forth below: 
  
 “Act” means the Securities Exchange Act of 1934, as amended. 
  
 “Affiliate” means a parent corporation, if any, and each subsidiary corporation of the Company, as those terms are
defined in Section 424 of the Code. 
  
 “Award” or
“Awards,” except where referring to a particular category of grant under the Plan, shall include Incentive Stock Options, Non-Statutory Stock Options, Conditioned Stock Awards, Unrestricted Stock Awards and Performance Share Awards.

  
 “Board” means the Board of Directors of the Company.

  
 “Cause” means (i) any material breach by the
participant of any agreement to which the participant and the Company are both parties, and (ii) any act or omission justifying termination for cause in accordance with the terms of Section 3027 (or any successor provision of like meaning), Employee
Terminations, of the Company’s then-current Policy and Guidelines. 
  
 “Change of Control” shall have the meaning set forth in Section 14. 
  
 “Code” means the Internal Revenue Code of 1986, as amended, and any successor Code, and related rules, regulations and interpretations. 
  
 “Conditioned Stock Award” means an Award granted pursuant to Section 6. 
  
 “Committee” shall have the meaning set forth in Section 2.

  

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 “Disability” means disability as set forth in Section 22(e)(3) of the Code. 
  
 “Effective Date” means the date on which the Plan is approved by
stockholders as set forth in Section 16. 
  
 “Eligible
Person” shall have the meaning set forth in Section 4. 
  
 “Fair Market Value” on any given date means the closing price per share of the Stock on such date as reported by such registered national securities exchange on which the Stock is listed, or, if the Stock is not listed on such an
exchange, as quoted on NASDAQ; provided, that, if there is no trading on such date, Fair Market Value shall be deemed to be the closing price per share on the last preceding date on which the Stock was traded. If the Stock is not listed on any
registered national securities exchange or quoted on NASDAQ, the Fair Market Value of the Stock shall be determined in good faith by the Committee. 
  
 “Incentive Stock Option” means any Stock Option designated and qualified as an “incentive stock option” as defined in Section 422 of
the Code. 
  
 “Non-Employee Director” means any director
who: (i) is not currently an officer of the Company or an Affiliate, or otherwise currently employed by the Company or an Affiliate, (ii) does not receive compensation, either directly or indirectly, from the Company or an Affiliate, for services
rendered as a consultant or in any capacity other than as a director, except for an amount that does not exceed the dollar amount for which disclosure would be required pursuant to Item 404(a) of Regulation S-K promulgated by the SEC, (iii) does not
possess an interest in any other transaction for which disclosure would be required pursuant to Rule 404(a) of Regulation S-K, and (iv) is not engaged in a business relationship for which disclosure would be required pursuant to Rule 404(b) of
Regulation S-K. 
  
 “Non-Statutory Stock Option” means
any Stock Option that is not an Incentive Stock Option. 
  
 “Normal Retirement” means retirement from active employment with the Company and its Affiliates in accordance with the retirement policies of the Company and its Affiliates then in effect. 
  
 “Outside Director” means any director who (i) is not an employee of
the Company or of any “affiliated group,” as such term is defined in Section 1504(a) of the Code, which includes the Company (an “Affiliated Group Member”), (ii) is not a former employee of the Company or any Affiliated Group
Member who is receiving compensation for prior services (other than benefits under a tax-qualified retirement plan) during the Company’s or any Affiliated Group Member’s taxable year, (iii) has not been an officer of the Company or any

  

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Affiliated Group Member and (iv) does not receive remuneration from the Company or any Affiliated Group Member, either directly or indirectly, in any
capacity other than as a director. “Outside Director” shall be determined in accordance with Section 162(m) of the Code and the Treasury regulations issued thereunder. 
  
 “Option” or “Stock Option” means any option to purchase shares of Stock granted pursuant to Section 5.

  
 “Performance Share Award” means an Award granted
pursuant to Section 8. 
  
 “SEC” means the Securities
and Exchange Commission or any successor authority. 
  
 “Stock” means the Common Stock, $.10 par value per share, of the Company, subject to adjustments pursuant to Section 3. 
  
 “Unrestricted Stock Award” means Awards granted pursuant to Section 7. 
  

	SECTION 2.	 Administration of Plan; Committee Authority to Select Participants and Determine Awards. 

  
 (a) Committee. The Plan shall be administered by a Stock Incentive
Plan Committee (the “Committee”) consisting of all members of the Compensation Committee of the Company, each of whom qualifies as an Outside Director and a Non-Employee Director, but the authority and validity of any act taken or not
taken by the Committee shall not be affected if any person administering the Plan is not an Outside Director or a Non-Employee Director. The Committee shall have at least two (2) members at all times. None of the members of the Committee shall have
been granted any Award under this Plan (other than pursuant to Sections 5(b) and 7(b)) or any other stock option plan of the Company within one year prior to service on the Committee. Except as specifically reserved to the Board under the terms of
the Plan, the Committee shall have full and final authority to operate, manage and administer the Plan on behalf of the Company. Action by the Committee shall require the affirmative vote of a majority of all members thereof. 
  
 (b) Powers of Committee. The Committee shall have the power and
authority to grant Awards consistent with the terms of the Plan, including the power and authority: 
  
 (i) to select the officers and other employees of the Company and its Affiliates to whom Awards may from time to time be granted;

  
 (ii) to determine the time or times of grant,
and the extent, if any, of Incentive Stock Options, Non-Statutory Stock Options, Conditioned Stock, 

  

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Unrestricted Stock and Performance Shares or any combination of the foregoing, granted to any one or more participants; 
  
 (iii) to determine the number of shares to be covered by any
Award; 
  
 (iv) to determine and modify the terms
and conditions, including restrictions, not inconsistent with the terms of the Plan, of any Award, which terms and conditions may differ among individual Awards and participants, and to approve the form of written instruments evidencing the Awards;
provided, however, that no such action shall adversely affect rights under any outstanding Award without the participant’s consent; nor shall any such action change the price at which any Award was made; 
  
 (v) to accelerate the exercisability or vesting of all or
any portion of any Award; 
  
 (vi) subject to the
provisions of Section 5(a)(ii), to extend the period in which any outstanding Stock Option may be exercised; 
  
 (vii) to determine whether, to what extent, and under what circumstances Stock and other amounts payable with respect to an Award shall be
deferred either automatically or at the election of the participant and whether and to what extent the Company shall pay or credit amounts equal to interest (at rates determined by the Committee) or dividends or deemed dividends on such deferrals;
and 
  
 (viii) to adopt, alter and repeal such
rules, guidelines and practices for administration of the Plan and for its own acts and proceedings as it shall deem advisable; to interpret the terms and provisions of the Plan and any Award (including related written instruments); to make all
determinations it deems advisable for the administration of the Plan; to decide all disputes arising in connection with the Plan; and to otherwise supervise the administration of the Plan. 
  
 All decisions and interpretations of the Committee shall be binding on all
persons, including the Company and Plan participants. No member or former member of the Committee or the Board shall be liable for any action or determination made in good faith with respect to this Plan. 
  

	SECTION 3.	 Shares Issuable under the Plan; Mergers; Substitution. 

  
 (a) Shares Issuable. The maximum number of shares of Stock with respect to which Awards may be granted under the Plan
shall be seven million four hundred fifty thousand (7,450,000) which number represents (i) the original 1,500,000 shares authorized 

  

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in 1996, (ii) an additional 550,000 shares authorized in 2000, (iii) which total of 2,050,000 shares was doubled to 4,100,000 shares due to a one hundred
percent (100%) stock dividend announced in November, 2001, (iv) an additional 1,850,000 shares authorized on August 13, 2002, plus (v) an additional 1,500,000 shares authorized on September 22, 2004. For purposes of this limitation, the shares of
Stock underlying any Awards which are forfeited, cancelled, reacquired by the Company or otherwise terminated (other than by exercise) shall be added back to the shares of Stock with respect to which Awards may be granted under the Plan so long as
the participants to whom such Awards had been previously granted received no benefits of ownership of the underlying shares of Stock to which the Award related. Subject to such overall limitation, any type or types of Award may be granted with
respect to shares, including Incentive Stock Options. Shares issued under the Plan may be authorized but unissued shares or shares reacquired by the Company. 
  
 (b) Limitation on Awards. In no event may any Plan participant be granted Awards with respect to more than three hundred thousand (300,000) shares
of Stock in any calendar year. In no event shall the Committee grant more than seven hundred fifty thousand shares (750,000) in the form of Conditioned Stock Awards, Unrestricted Stock Awards or Performance Share Awards during the term of the
Plan.  
  
 (c) Stock Dividends, Mergers, etc. In the
event that after approval of the Plan by the stockholders of the Company in accordance with Section 16, the Company effects a stock dividend, stock split or similar change in capitalization affecting the Stock, the Committee shall make appropriate
adjustments in (i) the number and kind of shares of stock or securities with respect to which Awards may thereafter be granted (including without limitation the limitations set forth in Sections 3(a) and (b) above), (ii) the number and kind of
shares remaining subject to outstanding Awards, and (iii) the option or purchase price in respect of such shares. In the event of any merger, consolidation, dissolution or liquidation of the Company, the Committee in its sole discretion may, as to
any outstanding Awards, make such substitution or adjustment in the aggregate number of shares reserved for issuance under the Plan and in the number and purchase price (if any) of shares subject to such Awards as it may determine and as may be
permitted by the terms of such transaction, or accelerate, amend or terminate such Awards upon such terms and conditions as it shall provide (which, in the case of the termination of the vested portion of any Award, shall require payment or other
consideration which the Committee deems equitable in the circumstances), subject, however, to the provisions of Section 14. 
  
 (d) Substitute Awards. The Committee may grant Awards under the Plan in substitution for stock and stock based awards held by employees of another
corporation who concurrently become employees of the Company or an Affiliate as the result of a merger or consolidation of the employing corporation with the Company or an Affiliate or the acquisition by the Company or an Affiliate of property or
stock of the employing 

  

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corporation. The Committee may direct that the substitute awards be granted on such terms and conditions as the Committee considers appropriate in the
circumstances. Shares which may be delivered under such substitute awards may be in addition to the maximum number of shares provided for in Section 3(a), provided that said additional shares shall not exceed five hundred thousand (500,000) in the
aggregate over the term of the Plan (through the date that is 10 years after the date of adoption of the Plan by the Board of Directors). 
  

	SECTION 4.	 Eligibility. 

  
 Awards may be granted to officers or other key employees of the Company or its Affiliates, and to members of the Board (“Eligible Persons”).

  

	SECTION 5.	 Stock Options. 

  
 Any Stock Option granted under the Plan shall be in such form as the Committee may from time to time approve. 
  
 Stock Options granted under the Plan may be either Incentive Stock Options or
Non-Statutory Stock Options. To the extent that any option does not qualify as an Incentive Stock Option, it shall constitute a Non-Statutory Stock Option. 
  
 No Incentive Stock Option shall be granted under the Plan after the tenth anniversary of the date of adoption of the Plan by the Board. 
  
 (a) Grant of Stock Options. The Committee in its discretion may
determine the effective date of Stock Options, provided, however, that grants of Incentive Stock Options shall be made only to persons who are, on the effective date of the grant, employees of the Company or an Affiliate. Stock Options granted
pursuant to this Section 5(a) shall be subject to the following terms and conditions and the terms and conditions of Section 12 and shall contain such additional terms and conditions, not inconsistent with the terms of the Plan, as the Committee
shall deem desirable. 
  
 (i) Exercise
Price. The exercise price per share for the Stock covered by a Stock Option granted pursuant to this Section 5(a) shall be determined by the Committee at the time of grant but shall be not less than one hundred percent (100%) of Fair Market
Value on the date of grant. If an employee owns or is deemed to own (by reason of the attribution rules applicable under Section 424(d) of the Code) more than ten percent (10%) of the combined voting power of all classes of stock of the Company or
any Affiliate and an Incentive Stock Option is granted to such employee, the option price shall be not less than one hundred ten percent (110%) of Fair Market Value on the grant date. Subject to the provisions of Section 3(c), 

  

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in no event may the Committee reduce the exercise price of a Stock Option after the original date of grant. 
  
 (ii) Option Term. The term of each Stock Option shall
be fixed by the Committee, but no Stock Option shall be exercisable more than seven (7) years after the date the option is granted. If an employee owns or is deemed to own (by reason of the attribution rules of Section 424(d) of the Code) more than
ten percent (10%) of the combined voting power of all classes of stock of the Company or any Affiliate and an Incentive Stock Option is granted to such employee, the term of such option shall be no more than five (5) years from the date of grant.

  
 (iii) Exercisability; Rights of a
Shareholder. Other than as provided in Section 5(b), Stock Options shall become vested and exercisable over a period of at least four years at such time or times, whether or not in installments, as shall be determined by the Committee at or
after the grant date. The Committee may at any time accelerate the exercisability of all or any portion of any Stock Option. An optionee shall have the rights of a shareholder only as to shares acquired upon the exercise of a Stock Option and not as
to unexercised Stock Options. 
  
 (iv) Method
of Exercise. Stock Options may be exercised in whole or in part, by delivering written notice of exercise to the Company, specifying the number of shares to be purchased. Payment of the purchase price may be made by one or more of the following
methods: 
  
 (A) In cash, by certified or bank
check or other instrument acceptable to the Committee; 
  
 (B) If permitted by the Committee, in its discretion, in the form of shares of Stock that have been purchased by the optionee on the open market or have been beneficially owned by the optionee for at least six months and are not then
subject to restrictions under any Company plan. Such surrendered shares shall be valued at Fair Market Value on the exercise date; or 
  
 (C) If permitted by the Committee, in its direction, by the optionee delivering to the Company a properly executed exercise notice
together with irrevocable instructions to a broker to promptly deliver to the Company cash or a check payable and acceptable to the Company to pay the purchase price; provided that in the event the optionee chooses to pay the purchase price as so
provided, the optionee and the broker shall comply with such procedures and enter into such agreements of indemnity and other agreements as the Committee shall prescribe as a condition of such payment procedure. The 

  

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Company need not act upon such exercise notice until the Company receives full payment of the exercise price; or 
  
 (D) By any other means (including, without limitation, by
delivery of a promissory note of the optionee payable on such terms as are specified by the Committee) which the Committee determines are consistent with the purpose of the Plan and with applicable laws and regulations. 
  
 The delivery of certificates representing shares of Stock to be purchased
pursuant to the exercise of a Stock Option will be contingent upon receipt from the Optionee (or a purchaser acting in his stead in accordance with the provisions of the Stock Option) by the Company of the full purchase price for such shares and the
fulfillment of any other requirements contained in the Stock Option or applicable provisions of laws. 
  
 (v) Non-transferability of Options. Except as the Committee may provide with respect to a Non-Statutory Option, no Stock Option
shall be transferable other than by will or by the laws of descent and distribution and all Stock Options shall be exercisable, during the optionee’s lifetime, only by the optionee. 
  
 (vi) Annual Limit on Incentive Stock Options. To the extent required for “incentive stock
option” treatment under Section 422 of the Code, the aggregate Fair Market Value (determined as of the time of grant) of the Stock with respect to which incentive stock options granted under this Plan and any other plan of the Company or its
Subsidiaries become exercisable for the first time by an optionee during any calendar year shall not exceed $100,000. 
  
 (vii) Lockup Agreement. The Committee may in its discretion specify upon granting an Option that the optionee shall agree for a
period of time (not to exceed 180 days) from the effective date of any registration of securities of the Company (upon request of the Company or the underwriters managing any underwritten offering of the Company’s securities), not to sell, make
any short sale of, loan, grant any option for the purpose of, or otherwise dispose of any shares issued pursuant to the exercise of such Option, without the prior written consent of the Company or such underwriters, as the case may be. 

 
 (b) Stock Options Granted to Non-Employee Directors 
  
 (i) Grant of Options.  
  
 (A) Each Non-Employee Director upon his or her initial
election to the Board by the stockholders of the 

  

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Company (and for Non-Employee Directors presently serving on the Board of Directors, upon his or her election to the Board at the time of stockholder
approval of the Plan) shall automatically be granted a Non-Statutory Stock Option to purchase five thousand (5,000) shares of Stock (the date of grant for such options shall be the date of the annual meeting at which such election occurs);

  
 (B) Upon subsequent election to the Board of
Directors by the stockholders of the Company, each Non-Employee Director shall automatically be granted a Non-Statutory Stock Option to purchase three thousand (3,000) shares of Stock. 
  
 (ii) Exercise Price. The exercise price per share for the Stock covered by a Stock Option granted
pursuant to this Section 5(b) shall be equal to the Fair Market Value of the Stock on the date the Stock Option is granted. 
  
 (iii) Vesting. The Stock Options granted pursuant to this Section 5(b) shall become exercisable by the option holder in increments
of twenty-five percent (25%) on each of the ninetieth (90th), one-hundred eightieth (180th), two-hundred seventieth (270th), and three-hundred sixtieth (360th) day following the date of the
grant. 
  
 (iv) Lapsing. Any Stock Option
granted pursuant to this Section 5(b) shall lapse and terminate if: 
  
 (A) not exercised before five (5) years from the date of the grant; or 
  
 (B) the Company is placed under the jurisdiction of a bankruptcy court or is liquidated. 
  
 (v) Acceleration. Every Stock Option granted pursuant
to this Section 5(b) shall include a provision accelerating the vesting of such Stock Option in the event of a Change of Control of the Company; 
  
 (vi) Limited to Non-Employee Directors. The provisions of this Section 5(b) shall apply only to Options granted or to be granted to
Non-Employee Directors, and shall not be deemed to modify, limit or otherwise apply to any other provision of this Plan or to any Option issued under this Plan to a participant who is not a Non-Employee Director of the Company. To the extent and
consistent with the provisions of any other Section of this Plan, the provisions of this Section 5(b) shall 

  

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govern the rights and obligations of the Company and Non-Employee Directors respecting Options granted or to be granted to Non-Employee Directors. The
provisions of this Section 5(b) shall not be amended more than once in any six- (6) month period, other than to comport with changes in the Code or ERISA. 
  

	SECTION 6.	 Conditioned Stock Awards. 

  
 (a) Nature of Conditioned Stock Award. Subject to the limitations contained in Section 3(b), the Committee in its discretion may grant Conditioned
Stock Awards to any Eligible Person. A Conditioned Stock Award is an Award entitling the recipient to acquire, at no cost or for a purchase price determined by the Committee, shares of Stock subject to such restrictions and conditions as the
Committee may determine at the time of grant (“Conditioned Stock”). Conditions may be based on continuing employment and/or achievement of pre-established performance goals and objectives. In addition, a Conditioned Stock Award may be
granted to an employee by the Committee in lieu of a cash bonus due to such employee pursuant to any other plan of the Company. 
  
 (b) Acceptance of Award. A participant who is granted a Conditioned Stock Award shall have no rights with respect to such Award unless the
participant shall have accepted the Award within sixty (60) days (or such shorter date as the Committee may specify) following the award date by making payment to the Company, if required, by certified or bank check or other instrument or form of
payment acceptable to the Committee in an amount equal to the specified purchase price, if any, of the shares covered by the Award and by executing and delivering to the Company a written instrument that sets forth the terms and conditions of the
Conditioned Stock in such form as the Committee shall determine. 
  
 (c) Rights as a Shareholder. Upon complying with Section 6(b) above, a participant shall have all the rights of a shareholder with respect to the Conditioned Stock, including voting and dividend rights, subject to non-transferability
restrictions and Company repurchase or forfeiture rights described in this Section 6 and subject to such other conditions contained in the written instrument evidencing the Conditioned Award. Unless the Committee shall otherwise determine,
certificates evidencing shares of Conditioned Stock shall remain in the possession of the Company until such shares are vested as provided in Section 6(e) below. 
  
 (d) Restrictions. Shares of Conditioned Stock may not be sold, assigned, transferred, pledged or otherwise encumbered
or disposed of except as specifically provided herein. In the event of termination of employment by the Company and its Affiliates for any reason (including death, Disability, Normal Retirement and for Cause), the Company shall have the right, at
the discretion of the Committee, to repurchase shares of Conditioned 

  

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Stock with respect to which conditions have not lapsed at their purchase price, or to require forfeiture of such shares to the Company if acquired at no
cost, from the participant or the participant’s legal representative. The Company must exercise such right of repurchase or forfeiture within ninety (90) days following such termination of employment (unless otherwise specified, in the written
instrument evidencing the Conditioned Award). 
  
 (e) Vesting
of Conditioned Stock. The Committee at the time of grant shall specify the date or dates and/or the attainment of pre-established performance goals, objectives and other conditions on which the non-transferability of the Conditioned Stock and
the Company’s right of repurchase or forfeiture shall lapse. Subsequent to such date or dates and/or the attainment of such pre-established performance goals, objectives and other conditions, the shares on which all restrictions have lapsed
shall no longer be Conditioned Stock and shall be deemed “vested.” The Committee at any time may accelerate such date or dates and otherwise waive or, subject to Section 12, amend any conditions of the Award. 
  
 (f) Waiver, Deferral and Reinvestment of Dividends. The written
instrument evidencing the Conditioned Stock Award may require or permit the immediate payment, waiver, deferral or investment of dividends paid on the Conditioned Stock. 
  

	SECTION 7.	 Unrestricted Stock Awards. 

  
 (a) Grant or Sale of Unrestricted Stock. Subject to the limitations contained in Section 3(b), the Committee in its discretion may grant or sell to
any Eligible Person shares of Stock free of any restrictions under the Plan (“Unrestricted Stock”) at a purchase price determined by the Committee. Shares of Unrestricted Stock may be granted or sold as described in the preceding sentence
in respect of past services or other valid consideration. 
  
 (b)
Election to Receive Unrestricted Stock in Lieu of Director’s Fees. Each Non-Employee Director may, pursuant to an irrevocable written election delivered to the Company no later than December 31 of any calendar year, receive all or a
portion of the Directors’ fees otherwise due to him in the subsequent calendar year in unrestricted stock (valued at the average of the Fair Market Value for the ten (10) trading days before the date on which the Directors’ fees would
otherwise be paid). 
  
 (c) Restrictions on Transfers. The
right to receive Unrestricted Stock may not be sold, assigned, transferred, pledged or otherwise encumbered, other than by will or the laws of descent and distribution. 
  

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	SECTION 8.	 Performance Share Awards 

  
 (a) Nature of Performance Shares. A Performance Share Award is an award entitling the recipient to acquire shares of Stock upon the attainment of
specified performance goals. Subject to the limitations contained in Section 3(b), the Committee may make Performance Share Awards independent of or in connection with the granting of any other Award under the Plan. Performance Share Awards may be
granted under the Plan to any Eligible Person including those who qualify for awards under other performance plans of the Company. The Committee in its discretion shall determine whether and to whom Performance Share Awards shall be made, the
performance goals applicable under each such Award, the periods during which performance is to be measured, and all other limitations and conditions applicable to the awarded Performance Shares; provided, however, that the Committee may rely on the
performance goals and other standards applicable to other performance-based plans of the Company in setting the standards for Performance Share Awards under the Plan. 
  
 (b) Restrictions on Transfer. Performance Share Awards and all rights with respect to such Awards may not be sold,
assigned, transferred, pledged or otherwise encumbered. 
  
 (c)
Rights as a Shareholder. A participant receiving a Performance Share Award shall have the rights of a shareholder only as to shares actually received by the participant under the Plan and not with respect to shares subject to the Award but
not actually received by the participant. A participant shall be entitled to receive a stock certificate evidencing the acquisition of shares of Stock under a Performance Share Award only upon satisfaction of all conditions specified in the written
instrument evidencing the Performance Share Award (or in a performance plan adopted by the Committee). 
  
 (d) Termination. Except as may otherwise be provided by the Committee at any time prior to termination of employment, a participant’s rights
in all Performance Share Awards shall automatically terminate upon the participant’s termination of employment by the Company and its Affiliates for any reason (including death, Disability, Normal Retirement and for Cause). 
  
 (e) Acceleration, Waiver, Etc. At any time prior to the
participant’s termination of employment by the Company and its Subsidiaries, the Committee may in its sole discretion accelerate, waive or, subject to Section 12, amend any or all of the goals, restrictions or conditions imposed under any
Performance Share Award. 
  

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	SECTION 9.	 Termination of Stock Options 

  
 (a) Incentive Stock Options: 
  
 (i) Termination by Death. If any participant’s employment by the Company and its Affiliates terminates by reason of death, any
Incentive Stock Option owned by such participant may thereafter be exercised to the extent exercisable at the date of death, by the legal representative or legatee of the participant, for a period of two (2) years (or such longer period as the
Committee shall specify at any time) from the date of death, or until the expiration of the stated term of the Incentive Stock Option, if earlier. 
  
 (ii) Termination by Reason of Disability or Normal Retirement. 
  
 (A) Any Incentive Stock Option held by a participant whose employment by the Company and its Affiliates has
terminated by reason of Disability may thereafter be exercised, to the extent it was exercisable at the time of such termination, for a period of one (1) year (or such longer period as the Committee shall specify at any time) from the date of such
termination of employment, or until the expiration of the stated term of the Option, if earlier. 
  
 (B) Any Incentive Stock Option held by a participant whose employment by the Company and its Affiliates has terminated by reason of Normal
Retirement may thereafter be exercised, to the extent it was exercisable at the time of such termination, for a period of ninety (90) days (or such longer period as the Committee shall specify at any time) from the date of such termination of
employment, or until the expiration of the stated term of the Option, if earlier. 
  
 (C) The Committee shall have sole authority and discretion to determine whether a participant’s employment has been terminated by
reason of Disability or Normal Retirement. 
  
 (D) Except as otherwise provided by the Committee at the time of grant, the death of a participant during a period provided in this Section 9(a) for the exercise of an Incentive Stock Option shall extend such period for two (2) years from
the date of death, subject to termination on the expiration of the stated term of the Option, if earlier. 
  
 (iii) Termination for Cause. If any participant’s employment by the Company and its Affiliates has been terminated for Cause,
any Incentive Stock Option held by such participant shall immediately terminate and be of no further force and effect; provided, however, that the Committee may, in its sole discretion, provide that such Option can be exercised for a period of up to
thirty (30) days from the date of termination of employment or until the expiration of the stated term of the Option, if earlier. 
  

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 (iv) Other Termination. Unless otherwise determined by the Committee, if a
participant’s employment by the Company and its Affiliates terminates for any reason other than Death, Disability, Normal Retirement or for Cause, any Incentive Stock Option held by such participant may thereafter be exercised, to the
extent it was exercisable on the date of termination of employment, for ninety (90) days (or such longer period as the Committee shall specify at any time) from the date of termination of employment or until the expiration of the stated term of the
Option, if earlier. 
  
 (b) Non-Statutory Stock Options.
Any Non-Statutory Stock Option granted under the Plan shall contain such terms and conditions with respect to its termination as the Committee, in its discretion, may from time to time determine. 
  

	SECTION 10.	 Tax Withholding. 

  
 (a) Payment by Participant. Each participant shall, no later than the date as of which the value of an Award or of any Stock or other amounts
received thereunder first becomes includable in the gross income of the participant for Federal income tax purposes, pay to the Company, or make arrangements satisfactory to the Committee regarding payment of any Federal, state or local taxes of any
kind required by law to be withheld with respect to such income. The Company and its Subsidiaries shall, to the extent permitted by law, have the right to deduct any such taxes from any payment of any kind otherwise due to the participant.

  
 (b) Payment in Shares. A Participant may elect, with
the consent of the Committee, to have such tax withholding obligation satisfied, in whole or in part, by (i) authorizing the Company to withhold from shares of Stock to be issued pursuant to an Award a number of shares with an aggregate Fair Market
Value (as of the date the withholding is effected) that would satisfy the minimum withholding amount due with respect to such Award, or (ii) transferring to the Company shares of Stock that have been purchased by the optionee on the open market or
have been beneficially owned by the optionee for at least six months and are not then subject to restrictions under any Company plan and with an aggregate Fair Market Value (as of the date the withholding is effected) that would satisfy the minimum
withholding amount due. 
  
 (c) Notice of Disqualifying
Disposition. Each holder of an Incentive Stock Option shall agree to notify the Company in writing immediately after making a disqualifying disposition (as defined in Section 421(b) of the code) of any Common Stock purchased upon exercise of an
Incentive Stock Option. 
  

 1996 Stock Incentive Plan 
 (As Amended September 22, 2004) 
 Page 15 
  

	SECTION 11.	 Transfer, Leave of Absence, Etc. 

  
 For purposes of the Plan, the following events shall not be deemed a termination of employment: 
  
 (a) a transfer to the employment of the Company from an Affiliate or from the
Company to an Affiliate, or from one Affiliate to another; 
  
 (b)
an approved leave of absence for military service or sickness, or for any other purpose approved by the Company, if the employee’s right to re-employment is guaranteed either by a statute or by contract or under the policy pursuant to which the
leave of absence was granted or if the Committee otherwise so provides in writing. 
  

	SECTION 12.	 Amendments and Termination. 

  
 The Board may at any time amend or discontinue the Plan and the Committee may at any time amend or cancel any outstanding Award (or provide substitute
Awards at the same exercise or purchase price, but such price, if any, must satisfy the requirements which would apply to the substitute or amended Award if it were then initially granted under this Plan) for the purpose of satisfying changes in law
or for any other lawful purpose, but no such action shall adversely affect rights under any outstanding Award without the holder’s consent. However, no such amendment, unless approved by the stockholders of the Company, shall be effective if it
would cause the Plan to fail to satisfy the incentive stock option requirements of the Code, or cause transactions under the Plan to fail to satisfy the requirements of Rule 16b-3 or any successor rule under the Act as in effect on the date of such
amendment. 
  
 This Plan shall terminate as of the tenth
anniversary of its Effective Date. The Board may terminate this Plan at any earlier time for any reason. No Award may be granted after the Plan has been terminated. No Award granted while this Plan is in effect shall be altered or impaired by
termination of this Plan, except upon the consent of the holder of such Award. The power of the Committee to construe and interpret this Plan and the Awards granted prior to the termination of this Plan shall continue after such termination.

  

	SECTION 13.	 Status of Plan. 

  
 With respect to the portion of any Award which has not been exercised and any payments in cash, Stock or other consideration not received by a
participant, a participant shall have no rights greater than those of a general creditor of the Company unless the Committee shall otherwise expressly determine in connection with any Award or Awards. In its sole discretion, the Committee may
authorize the creation of trusts or other 

  

 1996 Stock Incentive Plan 
 (As Amended September 22, 2004) 
 Page 16 
  

 
arrangements to meet the Company’s obligations to deliver Stock or make payments with respect to Awards hereunder, provided that the existence of such
trusts or other arrangements is consistent with the provision of the foregoing sentence. 
  

	SECTION 14.	 Change of Control Provisions. 

  
 (a) Upon the occurrence of a Change of Control as defined in this Section 14: 
  
 (i) subject to the provisions of clause (iii) below, after the effective date of such Change of Control,
each holder of an outstanding Stock Option, Conditioned Stock Award or Performance Share Award shall be entitled, upon exercise of such Award, to receive, in lieu of shares of Stock (or consideration based upon the Fair Market Value of
Stock), shares of such stock or other securities, cash or property (or consideration based upon shares of such stock or other securities, cash or property) as the holders of shares of Stock received in connection with the Change of Control;

  
 (ii) the Committee may accelerate the time
for exercise of, and waive all conditions and restrictions on, each unexercised and unexpired Stock Option, Conditioned Stock Award and Performance Share Award, effective upon a date prior or subsequent to the effective date of such Change of
Control, specified by the Committee; or 
  
 (iii)
each outstanding Stock Option, Conditioned Stock Award and Performance Share Award may be cancelled by the Committee as of the effective date of any such Change of Control provided that (x) notice of such cancellation shall be given to each holder
of such an Award and (y) each holder of such an Award shall have the right to exercise such Award to the extent that the same is then exercisable or, in full, if the Committee shall have accelerated the time for exercise of all such unexercised and
unexpired Awards, during the thirty (30) day period preceding the effective date of such Change of Control. 
  
 (b) “Change of Control” shall mean the occurrence of any one of the following events: 
  
 (i) any “person” (as such term is used in Sections
13(d) and 14(d)(2) of the Act) becomes a “beneficial owner” (as such term is defined in Rule 13d-3 promulgated under the Act) (other than the Company, any trustee or other fiduciary holding securities under an employee benefit plan of the
Company, or any corporation owned, directly or indirectly, by the stockholders of the Company in substantially the same proportions as their ownership of stock of the Company), directly or indirectly, of securities of the Company representing twenty
percent 

  

 1996 Stock Incentive Plan 
 (As Amended September 22, 2004) 
 Page 17 
  

 
(20%) or more of the combined voting power of the Company’s then outstanding securities; or 
  
 (ii) persons who, as of July 1, 2004, constituted the
Company’s Board (the “Incumbent Board”) cease for any reason, including without limitation as a result of a tender offer, proxy contest, merger or similar transaction, to constitute at least a majority of the Board, provided that any
person becoming a director of the Company subsequent to July 1, 2002 whose election was approved by, or who was nominated with the approval of, at least a majority of the directors then comprising the Incumbent Board shall, for purposes of this
Plan, be considered a member of the Incumbent Board; or 
  
 (iii) the stockholders of the Company approve a merger or consolidation of the Company with any other corporation or other entity, other than a merger or consolidation which would result in the voting securities of
the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity) more than fifty percent (50%) of the combined voting power of the voting
securities of the Company or such surviving entity outstanding immediately after such merger or consolidation; or 
  
 (iv) the stockholders of the Company approve a plan of complete liquidation of the Company or an agreement for the sale or disposition by
the Company of all or substantially all of the Company’s assets. 
  

	SECTION 15.	 General Provisions. 

  
 (a) No Distribution; Compliance with Legal Requirements. The Committee may require each person acquiring shares pursuant to an Award to represent
to and agree with the Company in writing that such person is acquiring the shares without a view to distribution thereof. 
  
 No shares of Stock shall be issued pursuant to an Award until all applicable securities laws and other legal and stock exchange requirements have been
satisfied. The Committee may require the placing of such stop orders and restrictive legends on certificates for Stock and Awards as it deems appropriate. 
  
 (b) Delivery of Stock Certificates. Delivery of stock certificates to participants under this Plan shall be deemed effected for all purposes when
the Company or a stock transfer agent of the Company shall have delivered such certificates in the United States 

  

 1996 Stock Incentive Plan 
 (As Amended September 22, 2004) 
 Page 18 
  

 
mail, addressed to the participant, at the participant’s last known address on file with the Company. 
  
 (c) Other Compensation Arrangements; No Employment Rights. Nothing
contained in this Plan shall prevent the Board from adopting other or additional compensation arrangements, including trusts, subject to stockholder approval if such approval is required; and such arrangements may be either generally applicable or
applicable only in specific cases. The adoption of the Plan or any Award under the Plan does not confer upon any employee any right to continued employment with the Company or any Affiliate. 
  

	SECTION 16.	 Effective Date of Plan. 

  
 The Plan shall become effective upon approval by the holders of a majority of the shares of capital stock of the Company present or represented and
entitled to vote at a meeting of stockholders. 
  

	SECTION 17.	 Governing Law. 

  
 This Plan shall be governed by, and construed and enforced in accordance with, the substantive laws of the State of Delaware without regard to its
principles of conflicts of laws.Amended and Restated 1997 Long-Term Incentive Plan

 EXHIBIT 10.01 
  
 Approved by the board of directors 2/10/05 
 Subject to approval by the shareholders on 4/14/05 
  
 THE E. W. SCRIPPS COMPANY 
 AMENDED AND RESTATED 1997 LONG-TERM INCENTIVE PLAN 
 April 14, 2005 
  
 1. Purpose. 
  
 The plan shall be known as The E. W. Scripps Company 1997 Long-Term Incentive Plan (the “Plan”). The purpose of the Plan is to promote the long-term growth and profitability of The E. W. Scripps Company (the
“Company”) and its subsidiaries by (i) providing directors of the Company and officers and key employees of the Company and its subsidiaries with incentives to improve stockholder values and contribute to the success of the Company and
(ii) enabling the Company to attract, retain and reward the best available persons for positions of substantial responsibility. Grants of incentive or nonqualified stock options, stock appreciation rights in tandem with or independent of options
(“SARs”), restricted or nonrestricted share awards, performance units, or any combination of the foregoing may be made under the Plan. 
  
 2. Definitions. 
  
 (a) “Affiliate” means any Person controlling or under common control with the Company or any Person of which the Company directly or
indirectly has Beneficial Ownership of securities having a majority of the voting power. 
  
 (b) “Beneficial Ownership” and “Beneficial Owner” have the meanings provided in Rule 13d-3 promulgated under the Securities Exchange Act of 1934 (the “Exchange Act”). 

 
 (c) “Cause” means: 
  
 (i) commission of a felony or an act or series of acts that
results in material injury to the business or reputation of the Company or any subsidiary; 
  
 (ii) willful failure to perform duties of employment, if such failure has not been cured in all material respects within twenty (20) days
after the Company or any subsidiary, as applicable, gives notice thereof; or 
  
 (iii) breach of any material term, provision or condition of employment, which breach has not been cured in all material respects within twenty (20) days after the Company or any subsidiary, as applicable, gives
notice thereof. 
  
 (d) “Change in Control” shall
occur with respect to all participants in the Plan when: 
  
 (i) any Person becomes a “Beneficial Owner” of a majority of the outstanding Common Voting Shares, $.01 par value, of the Company (or shares of capital stock of the Company with comparable or unlimited
voting rights), excluding, however, The Edward W. Scripps Trust (the “Trust”) and the trustees thereof, and any person that is or becomes a party to the Scripps Family Agreement, dated October 15, 1992, as amended currently and as it may
be amended from time to time in the future (the “Family Agreement”); 
  
 (ii) the majority of the Board of Directors of the Company (the “Board”) consists of individuals other than Incumbent Directors;
or 
  
 (iii) assets of the Company accounting for
90% or more of the Company’s revenues (hereinafter referred to as “substantially all of the Company’s assets”) are disposed of pursuant to a merger, consolidation, sale, or plan of liquidation and dissolution (unless the Trust or
the parties to the Family Agreement have Beneficial Ownership of, directly or indirectly, a controlling interest (defined as owning a majority of the voting power) in the entity surviving such merger or consolidation or acquiring such assets upon
such sale or in connection with such plan of liquidation and dissolution); 

 (e) “Change in Control” shall occur with respect to a particular participant in the Plan
employed by a particular subsidiary or division of a subsidiary when: 
  
 (i) any Person, other than the Company or an Affiliate, acquires Beneficial Ownership of securities of the particular subsidiary of the Company employing the participant having at least fifty percent (50%) of the
voting power of such subsidiary’s then outstanding securities; or 
  
 (ii) the particular subsidiary sells to any Person other than the Company or an Affiliate all or substantially all of the assets of the particular division thereof to which the participant is assigned. 
  
 (f) “Disability” means a permanent disability deemed to have
occurred under any Company-wide employee long-term disability plan. 
  
 (g) “Fair Market Value” of Class A Common Shares of the Company means, with respect to the date in question, the average of the high and low sale prices of such shares on the New York Stock Exchange, or if the
Company’s Class A Common Shares are not traded on such exchange, or otherwise traded publicly, the value determined, in good faith, by the Committee. 
  
 (h) “Incentive Stock Option” means an option conforming to the requirements of Section 422 of the Internal Revenue Code of 1986, as
amended (the “Code”). 
  
 (i) “Incumbent
Director” means a member of the Board on April 15, 2004, provided that any person becoming a director subsequent to April 15, 2004, whose election or nomination for election was supported by a majority of the directors who then comprised
the Incumbent Directors shall be considered to be an Incumbent Director. 
  
 (j) “Nonqualified Stock Option” means any stock option other than an Incentive Stock Option. 
  
 (k) “Person” has the meaning provided in Section 3(a)(9) of the Exchange Act, and as used in Sections 13(d) and 14(d) thereof, including
a “group” (as defined in Section 13(d) of such Act). 
  
 (l) “Retirement” means retirement as defined under the Scripps Pension Plan, or as otherwise determined by the Board of Directors of the Company. 
  
 (m) “SARs” means stock appreciation rights. 
  
 (n) “Scripps Pension Plan” means the Scripps Pension Plan as Amended and Restated effective January 1,
1997. 
  
 (o) “Subsidiary” means a corporation or
other entity of which outstanding shares or interests representing 50% or more of the combined voting power of such corporation or entity are owned directly or indirectly by the Company. 
  
 3. Administration. 
  
 The Plan shall be administered by a committee consisting of at least three directors of the Company (the “Committee”). Subject to the provisions of the Plan,
the Committee shall be authorized to determine the form and substance of grants made under the Plan to each participant; establish the conditions and restrictions, if any, subject to which such grants will be made or will vest; interpret the Plan;
and adopt, amend, or rescind such rules and regulations for carrying out the Plan as it may deem appropriate. Decisions of the Committee on all matters relating to the Plan shall be conclusive and binding on all parties, including the Company, its
shareholders, and the participants in the Plan. The Committee may appoint a subcommittee of its members as permitted or appropriate under applicable laws and regulations. Such subcommittee may exercise such powers of the Committee as the Committee
designates. All actions of the subcommittee shall be reported to the Committee. 
  
 4. Shares Available for the Plan. 
  
 Subject to adjustments as
provided in Section 16, an aggregate of 24,317,400 of Class A Common Shares of the Company (hereinafter referred to from time to time as “shares”) may be issued pursuant to the Plan. (9,158,700 pre-split shares were available when the Plan
was last amended. Post split, the shares available were 18,317,400. Adding the shares approved on 4/14/05, the shares available are 24,317,400.) Such shares may be unissued or treasury shares. If any grant under the Plan 

 
expires or terminates unvested or unexercised, becomes unexercisable or is forfeited as to any shares, such unpurchased or forfeited shares shall thereafter
be available for further grants under the Plan unless, in the case of options granted under the Plan, SARs in tandem therewith are exercised. 
  
 5. Participation. 
  
 Participation in the Plan shall be limited to directors of the Company and officers and key employees of the Company and its subsidiaries, all as approved by the Committee. 
  
 Nothing in the Plan or in any grant thereunder shall confer any right on an employee to
continue in the employ of the Company or shall interfere in any way with the right of the Company to terminate an employee at any time. 
  
 Incentive or nonqualified stock options, SARs, restricted or nonrestricted stock awards, performance units, or any combination thereof, may be granted for such number of
shares as the Committee shall determine (such individuals to whom grants are made being herein referred to from time to time as “grantees”). A grant of any type made hereunder in any one year to an eligible participant shall neither
guarantee nor preclude a further grant of that or any other type to such employee in that year or subsequent years. 
  
 The maximum number of shares with respect to which incentive or nonqualified options, SARs, restricted or nonrestricted stock or performance units, or any combination of
the foregoing may be granted to any single individual in any one calendar year shall not exceed 1,000,000 shares. The maximum number of shares for which incentive stock options may be granted under the Plan shall not exceed 5,000,000 
  
 6. Incentive and Nonqualified Option Grants. 
  
 The Committee may grant from time to time to eligible participants Incentive Stock Options,
Nonqualified Stock Options, or any combination thereof. The options granted shall take such form as the Committee shall determine, subject to the following terms and conditions. 
  
 (a) Price. The price per share deliverable upon the exercise of each option (“exercise price”) shall not be
less than 100% of the Fair Market Value of the shares on the date the option is granted. In the case of the grant of any Incentive Stock Option to a participant who, at the time of the grant, owns more than 10% of the total combined voting power of
all classes of stock of the Company or any of its subsidiaries, such price per share, if required by the Code at the time of grant, shall not be less than 110% of the Fair Market Value of the shares on the date the option is granted. 
  
 (b) Cash Exercise. Options may be exercised in whole or in part upon
payment of the exercise price of the shares to be acquired. Payment shall be made in cash or, in the discretion of the Committee, in shares previously acquired by the participant or a combination of cash and shares. The Fair Market Value of shares
tendered on exercise of options shall be determined on the date of exercise. 
  
 (c) Cashless Exercise. Options may be exercised in whole or in part upon delivery of an irrevocable written notice of exercise pursuant to any cashless exercise program that the Company offers from time to
time. 
  
 (d) Terms of Options. The term during which each
option may be exercised shall be determined by the Committee, but in no event shall a Nonqualified Stock Option be exercisable more than ten years and one day from the date it is granted or an Incentive Stock Option, more than ten years from the
date it is granted; and, in the case of the grant of an Incentive Stock Option to an employee who at the time of the grant owns more than 10% of the total combined voting power of all classes of stock of the Company or any of its subsidiaries, in no
event shall such option be exercisable, if required by the Code at the time of grant, more than five years from the date of the grant. All rights to purchase shares pursuant to an option shall, unless sooner terminated, expire at the date designated
by the Committee. The Committee shall determine the date on which each option shall become exercisable and may provide that an option shall become exercisable in installments. The shares constituting each installment may be purchased in whole or in
part at any time after such installment becomes exercisable, subject to such minimum exercise requirement as is designated by the Committee. The Committee may accelerate the time at which any option may be exercised in whole or in part. Unless
otherwise provided herein, a grantee who is an employee of the Company or a subsidiary may exercise an option only if he or she is, and has continuously been since the date the option was granted, an employee of the Company or a subsidiary. Prior to
the exercise of the option and delivery of the stock represented thereby, the grantee shall have no rights to any dividends or be entitled to any voting rights on any stock represented by outstanding options. 

 (e) Limitations on Grants. If required by the Code at the time of grant of an Incentive Stock
Option, the aggregate Fair Market Value (determined as of the grant date) of shares for which such option is exercisable for the first time during any calendar year may not exceed $100,000. 
  
 7. Stock Appreciation Right Grants. 
  
 (a) Tandem SARs. The Committee shall have the authority to grant SARs
in tandem with an option (“tandem SAR”) under this Plan to any grantee, either at the time of grant of an option or thereafter by amendment to an option. The exercise of an option shall result in an immediate forfeiture of its
corresponding tandem SAR, and the exercise of a tandem SAR shall cause an immediate forfeiture of its corresponding option. Tandem SARs shall be subject to such other terms and conditions as the Committee may specify. A tandem SAR shall expire at
the same time as the related option expires and shall be transferable only when, and under the same conditions as, the related option is transferable. 
  
 Tandem SARs shall be exercisable only when, to the extent and on the conditions that the related option is exercisable. No tandem SAR may be exercised
unless the Fair Market Value of a share on the date of exercise exceeds the exercise price of the option to which the SAR corresponds. 
  
 Upon the exercise of a tandem SAR, the grantee shall be entitled to a distribution in an amount equal to the difference between the Fair Market Value of a
share on the date of exercise and the exercise price of the option to which the SAR corresponds. The Committee shall decide whether such distribution shall be in cash, in shares, or in a combination thereof. 
  
 All tandem SARs will be exercised automatically on the last day prior to the
expiration date of the related option, so long as the Fair Market Value of a share on that date exceeds the exercise price of the related option. 
  
 (b) Independent SARs. SARs may be granted by the Committee independently of options (“Independent SARs”). An Independent SAR will entitle
a participant to receive, with respect to each share as to which the SAR is exercised, the excess of the Fair Market Value of a share on the date of exercise over its Fair Market Value on the date the Independent SAR was granted. 
  
 Any exercise of an Independent SAR must be in writing, signed by the
participant and delivered or mailed to the Company, accompanied by any other documents required by the Committee. 
  
 Each Independent SAR will be exercised automatically on the last day prior to the expiration date established by the Committee at the time of the award of
such SAR. 
  
 Payment of the amount to which a participant is
entitled upon the exercise of an Independent SAR shall be made in cash or shares, or in a combination thereof, as the Committee shall determine. To the extent that payment is made in shares, the shares shall be valued at their Fair Market Value on
the date of exercise of such SAR. 
  
 8. Performance Units for Employees.

  
 Performance units may be granted on a contingent basis to participants at
any time and from time to time as determined by the Committee. The Committee shall have complete discretion in determining the number of performance units so granted to a participant and the appropriate period over which performance is to be
measured (“performance cycle”). Each performance unit shall have a dollar value determined by the Committee at the time of grant. The value of each unit may be fixed or it may be permitted to fluctuate based on a performance factor (e.g.,
return on equity) selected by the Committee. The Committee shall establish performance goals that, depending on the extent to which they are met, will determine the ultimate value of the performance unit or the number of performance units earned by
participants, or both. 
  
 The Committee shall establish performance goals and
objectives for each performance cycle on the basis of such criteria and objectives as the Committee may select from time to time. During any performance cycle, the Committee shall have the authority to adjust the performance goals and objectives for
such cycle for such reasons as it deems equitable. 
  
 The Committee shall
determine the number of performance units that have been earned by a participant on the basis of the Company’s performance over the performance cycle in relation to the performance goals for such cycle. Earned performance units may be paid out
in restricted or nonrestricted shares, cash, or a combination of both, as the Committee shall determine at the time of grant or payment. 

 A participant must be an employee of the Company at the end of the performance cycle in order to be entitled to payment
of a performance unit granted in respect of such cycle; provided, however, that, except as otherwise provided by the Committee, if a participant ceases to be an employee of the Company upon the occurrence of his or her death, Retirement, or
Disability prior to the end of the performance cycle, the participant shall earn a proportionate number of performance units based upon the elapsed portion of the performance cycle and the Company’s performance over that portion of such cycle
in accordance with terms and conditions established by the Committee upon grant of a performance unit. 
  
 9. Restricted and Nonrestricted Share Grants; Performance-Based Grants; Restricted Share Unit Grants. 
  
 The Committee may grant shares under the Plan to such participants and in such amounts as it determines. Each grant shall specify the applicable restrictions, if any, the
duration of such restrictions, the time or times at which such restrictions shall lapse with respect to all or a specified number of shares or units that are part of the grant, and the terms and conditions under which a participant can earn a
proportionate number of restricted shares or units in the event of his or her death, Retirement or Disability. The Committee may grant shares the vesting of which is based on the attainment of written performance goals approved by the Committee for
a performance period established by the Committee (i) while the outcome for such performance period is substantially uncertain and (ii) no more than 90 days after the commencement of such performance period to which the performance goal relates. The
performance goals, which must be objective, shall be based solely upon one or more of the following criteria: 
  

	 	1.	Earnings per share; 

	 	2.	Operating cash flow; 

	 	3.	Gross margin; 

	 	4.	Operating or other expenses; 

	 	5.	Earnings before interest and taxes (“EBIT”); 

	 	6.	Earnings before interest, taxes, depreciation and amortization; 

	 	7.	Net income; 

	 	8.	Return on investment (determined with reference to one or more categories of income or cash flow and one or more categories of assets, capital or equity; and

	 	9.	Stock price appreciation. 

  
 The foregoing criteria may relate to the Company, one or more of its Subsidiaries or one or more of its divisions, units, partnerships, joint ventures or minority investments, product lines or products or any
combination of the foregoing, and may be applied on an absolute basis or be relative to the Company’s annual budget, one or more peer group companies or indices, or any combination thereof, all as the Committee shall determine. In addition, to
the degree consistent with Section 162(m) of the Code (or any successor section thereto), the performance goals may be calculated without regard to extraordinary items or adjusted for unusual or unplanned items. 
  
 Notwithstanding the foregoing, the Committee may reduce or shorten the duration of any
restriction applicable to any participant under the Plan. The participant will be required to deposit shares with the Company during the period of any restriction thereon and to execute a blank stock power therefore. 
  
 The Committee may grant restricted shares that are convertible into restricted share units at
the election of the participant to defer receipt of such shares. The Committee may permit participants holding restricted shares granted under the Plan heretofore or hereafter to convert such shares into restricted share units if the participant
elects to defer receipt of such shares. The terms and conditions of any such grant or conversion shall be approved by the Committee. Each participant who so receives restricted share units shall be eligible to receive, at the expiration of the
applicable deferral period, one share for each restricted share unit, and the Company shall issue to and register in the name of each such participant a certificate for that number of shares. Participants who receive restricted share units shall
have no rights as shareholders with respect to such restricted share units until such time as share certificates are issued to the participants; provided, however, that quarterly during the applicable restricted period for all restricted share units
so received, the Company shall pay to each such participant an amount equal to the sum of all dividends and other distributions paid by the Company during the prior quarter on that equivalent number of shares. 
  
  

 10. Change in Control. 
  

(a) Change in Control of the Company. Upon a Change in Control of the Company, all grants made under the Plan shall become fully vested and, in
the case of options, be exercisable until their respective expiration dates. 
  
 (b) Change in Control of Subsidiary or Division Employing a Participant. Upon a Change in Control of a subsidiary or division by which a participant is employed, all of such participant’s grants shall
become fully vested and, in the case of options, be exercisable until their respective expiration dates. 
  
 11. Termination of Employment. 
  
 (a) Employees. If a participant ceases to be an employee of the Company or any subsidiary due to death, Disability or Retirement, each of the participant’s grants shall become fully vested and, in the case of an option, be
exercisable until its expiration date. Notwithstanding the foregoing, in the event of such death, Disability or Retirement, any restricted share grant or restricted share unit grant contingent on the achievement of performance measures shall vest
proportionately in accordance with the terms and conditions established by the Committee upon grant of such share or unit. 
  
 If a participant ceases to be an employee of the Company or any subsidiary due to Cause, all of his or her grants, whether or not vested, shall be
forfeited, other than restricted and nonrestricted share grants that vested prior to such participant’s ceasing to be such an employee due to Cause and options or other grants that were exercised prior to such cessation. 
  
 If a participant ceases to be an employee of the Company or any subsidiary
for any reason other than as set forth in the first two paragraphs of this Section 11(a), each of his or her grants that had vested on or before the date of termination shall remain vested and, in the case of an option, be exercisable for, and shall
otherwise terminate at the end of, a period of 90 days after the date of termination of employment, but in no event after its expiration date; and each of a participant’s grants that had not vested on or before the date of such termination
shall be forfeited. 
  
 Notwithstanding anything to the contrary
herein, if a participant ceases to be an employee of the Company or any subsidiary for any reason other than Cause, the Committee at its sole discretion may accelerate the vesting of any grant, so that it will become fully vested as of the date of
such participant’s termination of employment and in the case of an option exercisable until its expiration date. 
  
 (b) Directors. If a participant is a director and not an officer or employee of the Company or a subsidiary, each of his or her grants shall be
nonforfeitable and shall vest and, if applicable, be exercisable until its expiration date, regardless of whether or not such director continues to be a director of the Company, unless such director has been removed for cause as a director in
accordance with applicable law (in which event such director shall forfeit all outstanding grants, whether vested or not, at the date of his or her removal, other than restricted or nonrestricted share grants that vested prior to such removal and
options or other grants that were exercised prior to such removal). 
  
 12.
Withholding of Taxes. 
  
 The Company may require, as a condition to any
grant under the Plan or to the delivery of certificates for shares issued hereunder, that the grantee pay to the Company, in cash, any federal, state or local taxes of any kind required by law to be withheld with respect to any grant or any delivery
of shares. The Committee may permit participants to pay such taxes through the withholding of shares otherwise deliverable to such participant in connection with such grant or the delivery to the Company of shares otherwise acquired by the
participant. The Fair Market Value of shares withheld by the Company or tendered to the Company for the satisfaction of tax withholding obligations under this section shall be determined on the date such shares are withheld or tendered. The Company,
to the extent permitted or required by law, shall have the right to deduct from any payment of any kind (including salary or bonus) otherwise due to a grantee any federal, state or local taxes of any kind required by law to be withheld with respect
to any grant or to the delivery of shares under the Plan, or to retain or sell without notice a sufficient number of the shares to be issued to such grantee to cover any such taxes, provided that the Company shall not sell any such shares if such
sale would be considered a sale by such grantee for purposes of Section 16 of the Exchange Act. 
  
 13. Written Agreement. 
  
 Each
participant to whom a grant is made under the Plan shall enter into a written agreement with the Company that shall contain such provisions, consistent with the provisions of the Plan, as may be established by the Committee. 

 14. Listing and Registration. 
  
 If the Committee determines that the listing, registration, or qualification upon any securities exchange or under any law of shares subject
to any option, SAR, performance unit, or share award is necessary or desirable as a condition of, or in connection with, the granting of same or the issue or purchase of shares thereunder, no such option or SAR may be exercised in whole or in part,
no such performance unit paid out, or no shares issued unless such listing, registration or qualification is effected free of any conditions not acceptable to the Committee. 
  
 15. Transfer of Employee. 
  
 Transfer of an employee from the Company to a subsidiary, from a subsidiary to the Company, and from one subsidiary to another shall not be considered a termination of
employment. Nor shall it be considered a termination of employment if an employee is placed on military or sick leave or such other leave of absence which is considered as continuing intact the employment relationship; in such a case, the employment
relationship shall be continued until the date when an employee’s right to reemployment shall no longer be guaranteed either by law or by contract. 
  
 16. Adjustments. 
  
 In the event of a reorganization, recapitalization, stock split, stock dividend, combination of shares, merger, consolidation, distribution of assets, or any other change in the corporate structure or shares of the
Company, the Committee shall make such adjustments as it deems appropriate in the number and kind of shares reserved for issuance under the Plan, in the number and kind of shares covered by grants made under the Plan, and in the exercise price of
outstanding options. In the event of any merger, consolidation or other reorganization in which the Company is not the surviving or continuing corporation, all grants outstanding on the date of such event shall be assumed by the surviving or
continuing corporation. 
  
 17. Termination and Modification of the Plan.

  
 The Board of Directors, with such approval of the shareholders as may be
required, may modify or terminate the Plan and from time to time may suspend, and if suspended, may reinstate any or all of the provisions of the Plan, except that no modification, suspension or termination of the Plan may, without the consent of
the grantee affected, alter or impair any grant previously made under the Plan. 
  
 With the consent of the grantee affected thereby, and with such approval of the shareholders as may be required, the Committee may amend or modify a grant in any manner to the extent that the Committee would have had the authority to make
such grant as so modified or amended, including without limitation to change the date or dates as of which (i) an option becomes exercisable, (ii) a performance unit is to be determined or paid, or (iii) restrictions on shares are to be removed.

  
 The Committee shall be authorized to make minor or administrative
modifications to the Plan as well as modifications to the Plan that may be dictated by requirements of federal or state laws applicable to the Company or that may be authorized or made desirable by such laws. 
  
 18. Termination Date. 
  
 The Plan shall terminate at the close of business on June 1, 2014. 
  
 19. Cash Awards. 
  
 The Committee may authorize cash awards to any participant receiving shares under the Plan in order to assist such participant in meeting his or her tax obligations with
respect to such shares. 
  
 20. Transferability. 
  
 No option, SAR, or performance unit, or any right thereunder may be transferred by a
participant except by will or the laws of descent and distribution, pursuant to a qualified domestic relations order (as defined in the Code or the Employee 

 
Retirement Income Security Act of 1974, as amended) or, during his or her lifetime, to one or more members of his or her family, to one or more trusts for
the benefit of one or more members of his or her family, or to a partnership or partnerships of members of his or her family, provided that no consideration is paid for the transfer and that such transfer would not result in the loss of any
exemption under Rule 16b-3 with respect to any grant hereunder. A transferee shall be subject to all restrictions, terms and conditions applicable to the transferor-participant and shall not be entitled to transfer the particular option, SAR,
performance unit or right during his or her life. 
  
 21. Nonqualified Deferred
Compensation. 
  
 Notwithstanding anything to the contrary in the Plan, in
the event it is determined that any payment to be made under the Plan is considered “nonqualified deferred compensation” subject to Section 409A of the Code, payment will be delayed for six (6) months following separation from service.

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