Document:

Internet Capital Group, Inc. Amended and Restated 2005 Omnibus Equity Compensati

 Exhibit 10.7 
 INTERNET CAPITAL GROUP, INC. 
 AMENDED AND RESTATED 2005 OMNIBUS EQUITY COMPENSATION PLAN

 (as amended and restated, effective February 28, 2007) 
  

	 	1.	Purpose 

 The purpose of the Plan is to
provide designated (i) Employees of ICG and its Subsidiaries, (ii) Non-Management Directors of ICG and its Subsidiaries and (iii) Consultants who perform services for ICG and its Subsidiaries, with the opportunity to receive grants of
Options, SARs, Stock Units, Performance Shares, Stock Awards, Dividend Equivalents and Other Stock-Based Awards. ICG believes that the Plan will encourage the Participants to contribute materially to the growth of ICG, thereby benefiting ICG’s
stockholders, and will align the economic interests of the Participants with those of the stockholders. 
  

	 	2.	Definitions 

 Whenever used in this Plan, the
following terms will have the respective meanings set forth below: 
 (a) “Board” means ICG’s Board of Directors as
constituted from time to time. 
 (b) “Change of Control” means the first to occur of any of the following events:

 (i) Any “person” (as such term is used in sections 13(d) and 14(d) of the Exchange Act) becomes a “beneficial owner”
(as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of ICG representing a majority of the voting power of the then outstanding securities of ICG, except where the acquisition is approved by the Board; or

 (ii) the consummation of (A) a merger or consolidation of ICG with another corporation where the stockholders of ICG, immediately
prior to the consummation of the merger or consolidation, will not beneficially own, immediately after the merger or consolidation, shares of Stock entitling such stockholders to more than 50% of all votes to which all stockholders of the surviving
corporation would be entitled in the election of directors, (B) the sale or other disposition of all or substantially all of the assets of ICG, or (C) a liquidation or dissolution of ICG. 
 (c) “Code” means the Internal Revenue Code of 1986, as amended. 
 (d) “Committee” means the Compensation Committee of the Board or its delegate or its successor, or such other committee appointed by the
Board to administer the Plan or its delegate or its successor. Notwithstanding the foregoing, with respect to Grants to Employees that are intended as “qualified performance-based compensation” (as defined under section 162(m) of the
Code), as well as to Employees who are officers of the Company, the Committee shall consist of two or more persons appointed by the Board, all of whom shall be “outside directors” (as defined under section 162(m) of the Code and related
Treasury regulations) and “non-employee directors” as defined under Rule 16b-3 promulgated under the Exchange Act. 
 (e)
“Company” means ICG and any Subsidiary. 
 (f) “Consultants” means advisors and consultants who perform
services for the Company. 
 (g) “Date of Grant” means the date a Grant is effective; provided, however, that no retroactive
Grants will be made. 
 (h) “Dividend Equivalent” means an amount determined by multiplying the number of shares of Stock,
Performance Shares or Stock Units subject to a Grant by the per-share cash dividend, or the per-share fair market value (as determined by the Committee) of any dividend in consideration other than cash, paid by ICG on its Stock on a dividend payment
date. 

 (i) “Effective Date” means June 11, 2005, subject to approval by the stockholders
of ICG. 
 (j) “Employee” means an employee of the Company (including an officer or director who is also an employee).

 (k) “Exchange Act” means the Securities Exchange Act of 1934, as amended. 
 (l) “Fair Market Value” of Stock means (i) if the shares of Stock are publicly traded, (A) if the principal trading market for
the shares of Stock is a national securities exchange, the last reported sale price thereof on such date or, if there were no trades on that date, the next date upon which a sale is reported, or (B) if the shares of Stock are not publicly
traded on such exchange or market, the mean between the last reported “bid” and “asked” prices of a share of Stock on such date as reported on Nasdaq or, if not so reported, as reported by the National Daily Quotation Bureau,
Inc. or as reported in a customary financial reporting service, as applicable and as the Committee determines, or (ii) if the shares of Stock are not publicly traded or, if publicly traded, are not subject to reported transactions or
“bid” or “asked” quotations as set forth above, as determined in good faith by the Committee, provided, that, if the shares of Stock are publicly traded, the Committee may make such discretionary determinations where the shares
of Stock have not been traded for 10 trading days. Notwithstanding the foregoing, in the case of a broker-assisted exercise pursuant to Section 7(g), the Fair Market Value will be the actual sale price of the shares of Stock issued upon
exercise of the Option. 
 (m) “Grant” means an Option, SAR, Stock Unit, Performance Share, Stock Award, Dividend Equivalent
or Other Stock-Based Award granted under the Plan. 
 (n) “Grant Instrument” means the written agreement that sets forth the
terms and conditions of a Grant, including all amendments thereto. 
 (o) “Incentive Stock Option” means a stock option that
is intended to meet the requirements of section 422 of the Code, as described in Section 7. 
 (p) “ICG” means Internet
Capital Group, Inc., a Delaware corporation, or any successor thereto. 
 (q) “Non-Management Director” means a member of
the Board, or a member of the board of directors of a Subsidiary, who is not a member of management of the Company. 
 (r)
“Nonqualified Stock Option” means a stock option that is not intended to meet the requirements of section 422 of the Code, as described in Section 7. 
 (s) “Option” means an Incentive Stock Option or Nonqualified Stock Option to purchase shares of Stock at an Option Price for a specified
period of time. 
 (t) “Option Price” means an amount per share of Stock purchasable under an Option, as designated by the
Committee. 
 (u) “Other Stock-Based Award” means any Grant based on, measured by or payable in Stock (other than Grants
described in Sections 7, 8, 9, 10, 11 and 12), as described in Section 13. 
 (v) “Parent” means a “parent
corporation,” as defined in section 424(e) of the Code, of ICG. 
 (w) “Participant” means an Employee, Consultant or
Non-Management Director designated by the Committee to participate in the Plan. 
  

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 (x) “Performance Shares” means an award of phantom shares, representing one or more
shares of Stock, as described in Section 10. 
 (y) “Plan” means this Internet Capital Group, Inc. 2005 Omnibus Equity
Compensation Plan, as in effect from time to time. 
 (z) “Stock” means the common stock, par value $0.001 per share, of ICG
or such other securities of ICG as may be substituted for Stock pursuant to Sections 5(d) or 18. 
 (aa) “SAR” means an
award of a stock appreciation right, as described in Section 8. 
 (bb) “Stock Award” means an award of Stock, as
described in Section 11. 
 (cc) “Stock Unit” means an award of a phantom unit, representing one or more shares of
Stock, as described in Section 9. 
 (dd) “Subsidiary” means any entity in which ICG has a greater than 50% economic or
voting interest. For purposes of Sections 7(c), (d) and (h), “Subsidiary” shall mean a “subsidiary corporation,” as defined in section 424(f) of the Code, of ICG. 
 (ee) “Successor Participant” means the personal representative or other person entitled to succeed to the rights of the Participant in
accordance with Section 17. 
  

	 	3.	Administration 

 (a) Committee. The
Plan shall be administered and interpreted by the Committee. Ministerial functions may be performed by employees of the Company. 
 (b)
Committee Authority. The Committee shall have the sole authority to (i) determine the Employees, Consultants and Non-Management Directors to whom Grants shall be made under the Plan, (ii) determine the type, size and terms of the
Grants to be made to each Participant, (iii) determine the time when the Grants will be made and the duration of any applicable exercise or restriction period, including the criteria for exercisability and the acceleration of exercisability,
(iv) amend the terms of any previously issued Grant, subject to the provisions of Section 20, (v) adopt guidelines separate from the Plan that set forth the specific terms and conditions for Grants under the Plan, and (vi) deal
with any other matters arising under the Plan. However, the Board may ratify or approve any Grants as it deems appropriate and has the authority to administer the Plan. To the extent that the Board makes Grants and administers the Plan, references
in the Plan to the “Committee” shall be deemed to refer to the Board. 
 (c) Committee Determinations. The Committee shall
have full power and express discretionary authority to administer and interpret the Plan, to make factual determinations and to adopt or amend such rules, regulations, agreements and instruments for implementing the Plan and for the conduct of its
business as it deems necessary or advisable, in its sole discretion. The Committee’s interpretations of the Plan and all determinations made by the Committee pursuant to the powers vested in it hereunder shall be conclusive and binding on all
persons having any interest in the Plan or in any awards granted hereunder. All powers of the Committee shall be executed in its sole discretion, in the best interest of ICG, not as a fiduciary, and in keeping with the objectives of the Plan and
need not be uniform as to similarly situated individuals. 
  

	 	4.	Grants 

 Grants under the Plan may consist of
Options, SARs, Stock Units, Performance Shares, Stock Awards, Dividend Equivalents and Other Stock-Based Awards. All Grants shall be subject to the terms and conditions set forth herein and to such other terms and conditions consistent with the Plan
as the Committee deems appropriate and as are specified in writing by the Committee in separate guidelines or to the individual in the Grant Instrument or an amendment to the guidelines or Grant Instrument. The Committee shall approve the form and
provisions of each Grant Instrument. All Grants shall be made conditional upon the Participant’s acknowledgement, in writing or by acceptance of the Grant, that all decisions and determinations of the Committee shall be final and binding on the
Participant, his or her beneficiaries, and any other person having or claiming an interest under such Grant. Grants under a particular Section of the Plan need not be uniform as among the Participants. 
  

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	 	5.	Shares of Stock Subject to the Plan 

 (a)
Shares Authorized. The total aggregate number of shares of Stock that may be issued or transferred under the Plan is 5,000,000 shares, subject to adjustment as described below. The shares may be authorized but unissued shares of Stock or
reacquired shares of Stock, including shares purchased by ICG on the open market for purposes of the Plan. Grants paid in cash shall not count against the foregoing share limits. 
 (b) Share Counting. For administrative purposes, when the Committee makes a Grant payable in Stock, the Committee shall reserve shares of Stock
equal to the maximum number of shares of Stock that may be payable under the Grant. If and to the extent Options or SARs granted under the Plan terminate, expire, or are canceled, forfeited, exchanged or surrendered without having been exercised or
if any Stock Awards, Stock Units, Performance Shares, Dividend Equivalents or Other Stock-Based Awards are forfeited or terminated, or otherwise not paid in full, the shares subject to such Grants which have not been issued shall again be available
for purposes of the Plan. Shares of Stock surrendered in payment of the Option Price of an Option or withheld for purposes of satisfying the Company’s minimum tax withholding obligations with respect to Grants under the Plan shall again be
available for issuance or transfer under the Plan. To the extent that any Grants are paid in cash, and not in shares of Stock, any shares previously reserved for issuance or transfer pursuant to such Grants shall again be available for issuance or
transfer under the Plan. 
 (c) Individual Limits. All Grants under the Plan, other than Dividend Equivalents, shall be expressed in
shares of Stock. The maximum aggregate number of shares of Stock with respect to which all Grants, other than Dividend Equivalents, may be made under the Plan to any individual during any calendar year shall be 1,000,000 shares, subject to
adjustment as described below. A Participant may not accrue Dividend Equivalents during any calendar year in excess of $1,000,000. The individual limits described in this subsection (c) shall apply without regard to whether the Grants
are to be paid in Stock or in cash. All cash payments (other than Dividend Equivalents) shall equal the Fair Market Value of the shares of Stock to which the cash payment relates. 
 (d) Adjustments. If there is any change in the number or kind of shares of Stock outstanding (i) by reason of a stock dividend, spinoff,
recapitalization, stock split, or combination or exchange of shares, (ii) by reason of a merger, reorganization or consolidation, (iii) by reason of a reclassification or change in par value, or (iv) by reason of any other
extraordinary or unusual event affecting the outstanding Stock as a class without ICG’s receipt of consideration, or if the value of outstanding shares of Stock is substantially reduced as a result of a spinoff or ICG’s payment of an
extraordinary dividend or distribution, the maximum number of shares of Stock available for issuance under the Plan, the maximum number of shares of Stock for which any individual may receive pursuant to Grants in any year, the number of shares
covered by outstanding Grants, the kind of shares to be issued or transferred under the Plan, and the price per share or the applicable market value of such Grants shall be appropriately adjusted to reflect any increase or decrease in the number of,
or change in the kind or value of, issued shares of Stock to preclude, to the extent practicable, the enlargement or dilution of rights and benefits under such Grants; provided, however, that any fractional shares resulting from such adjustment
shall be eliminated. Any adjustments shall be final, binding and conclusive. 
  

	 	6.	Eligibility for Participation 

 (a)
Eligible Persons. All Employees, including persons who have accepted employment with the Company and Employees who are officers or members of the Board, and all Non-Management Directors shall be eligible to participate in the Plan.
Consultants are eligible to participate in the Plan if they perform bona fide services for the Company, the services are not in connection with the offer or sale of securities in a capital-raising transaction, and the Consultants do not directly or
indirectly promote or maintain a market for ICG’s securities. 
  

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 (b) Selection of Participants. The Committee shall select the Employees, Consultants and
Non-Management Directors to receive Grants and shall determine the terms and conditions of the Grant and the number of shares of Stock subject to each Grant. 
  

	 	7.	Options 

 (a) General Requirements.
The Committee may grant Options to any Employee, Consultant or Non-Management Director upon such terms and conditions as the Committee deems appropriate under this Section 7. 
 (b) Number of Shares. The Committee shall determine the number of shares of Stock that will be subject to each Grant of Options to Employees,
Consultants and Non-Management Directors. 
 (c) Type of Option and Price. 
 (i) The Committee may grant Incentive Stock Options or Nonqualified Stock Options or any combination of Incentive Stock Options and Nonqualified Stock
Options. Incentive Stock Options may be granted only to Employees who have actually commenced employment with ICG or its Parent or Subsidiaries. Nonqualified Stock Options may be granted to Employees, Consultants and Non-Management Directors.

 (ii) The Option Price shall be determined by the Committee and may be equal to, greater than or less than the Fair Market Value of the
shares of Stock subject to the Grant on the Date of Grant; provided, however, that an Incentive Stock Option may not be granted to an Employee who, at the Date of Grant, owns stock possessing more than 10 percent of the total combined voting power
of all classes of stock of ICG or any Parent or Subsidiary, unless the Option Price is not less than 110% of the Fair Market Value on the Date of Grant. 
 (d) Option Term. The Committee shall determine the term of each Option. The term of an Option shall not exceed ten years from the Date of Grant. However, an Incentive Stock Option that is granted to an Employee
who, at the Date of Grant, owns stock possessing more than 10 percent of the total combined voting power of all classes of stock of ICG, or any Parent or Subsidiary, may not have a term that exceeds five years from the Date of Grant. 
 (e) Exercisability of Options. Options shall become exercisable in accordance with such terms and conditions as may be determined by the Committee
and specified in the Grant Instrument. The Committee may accelerate the exercisability of any or all outstanding Options at any time for any reason. 
 (f) Termination of Employment or Service. Except as provided in the Grant Instrument, an Option may only be exercised while the Participant is employed by, or providing service to, the Company. The Committee
shall specify in the Grant Instrument under what circumstances and during what time periods a Participant may exercise an Option after termination of employment or service. 
 (g) Exercise of Options. A Participant may exercise an Option that has become exercisable, in whole or in part, by delivering a notice of exercise
to ICG or its designated agent. The Participant shall pay the Option Price and any withholding taxes for the Option (i) in cash or by check, (ii) with the approval of the Committee, by delivering shares of Stock owned by the Participant
and having a Fair Market Value on the date of exercise equal to the Option Price or by attestation (on a form prescribed by the Committee) to ownership of shares of Stock having an aggregate Fair Market Value on the date of exercise equal to the
Option Price, (iii) in cash, on the T+3 settlement date that occurs after the exercise date specified in the notice of exercise, provided that the Participant exercises the Option through an irrevocable agreement with a registered broker and
the payment is made in accordance with procedures permitted by Regulation T of the Federal Reserve Board and such procedures do not violate applicable law, or (iv) by such other method as the Committee may approve, to the extent permitted by
applicable law. Shares of Stock used to exercise an Option shall have been held by the Participant for the requisite period of time to avoid adverse accounting consequences to ICG with respect to the Option. Payment for the shares pursuant to the
Option, and any required withholding taxes, must be received by the time specified by the Committee depending on the type of payment being made. 
  

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 (h) Limits on Incentive Stock Options. Each Incentive Stock Option shall provide that if the
aggregate Fair Market Value on the Date of Grant with respect to which Incentive Stock Options are exercisable for the first time by a Participant during any calendar year, under the Plan or any other stock option plan of ICG or a Parent or
Subsidiary, exceeds $100,000, then the Option, as to the excess, shall be treated as a Nonqualified Stock Option. 
  

	 	8.	SARs 

 (a) General Requirements. The
Committee may grant SARs to any Employee, Consultant or Non-Management Director, upon such terms and conditions as the Committee deems appropriate under this Section 8. Each SAR shall represent the right of the Participant to receive, upon
settlement of the SAR, shares of Stock or cash equal to the amount by which the Fair Market Value of a share of Stock on the date of exercise of the SAR exceeds the base amount of the SAR as described below in Section 8(c). 
 (b) Terms of SARs. The Committee shall determine the terms and conditions of SARs and may grant SARs separately from or in tandem with any Option
(for all or a portion of the applicable Option). Tandem SARs may be granted either at the time the Option is granted or any time thereafter while the Option remains outstanding; provided, however, that in the case of an Incentive Stock Option, SARs
may be granted only at the time of the grant of the Incentive Stock Option. The Committee will determine the number of SARs to be granted, the base amount, the vesting and other restrictions applicable to SARs and the period during which SARs will
remain exercisable. 
 (c) Base Amount. The Committee shall establish the base amount of the SAR at the time the SAR is granted.

 (d) Payment With Respect to SARs. The Committee shall determine whether the appreciation in an SAR shall be paid in the form of
cash, in Stock, or in a combination of the two, in such proportion as the Committee deems appropriate. For purposes of calculating the number of shares of Stock to be received, Stock shall be valued at its Fair Market Value on the date of exercise
of the SAR. If shares of Stock are to be received upon exercise of an SAR, cash shall be delivered in lieu of any fractional share. 
 (e)
Requirement of Employment or Service. The Committee shall determine in the Grant Instrument under what circumstances a Participant may retain SARs after termination of the Participant’s employment or service, and the circumstances under
which SARs may be forfeited. 
  

	 	9.	Stock Units 

 (a) General
Requirements. The Committee may grant Stock Units to any Employee, Consultant or Non-Management Director, upon such terms and conditions as the Committee deems appropriate under this Section 9. Each Stock Unit shall represent the right of
the Participant to receive a share of Stock or an amount based on the value of a share of Stock. All Stock Units shall be credited to accounts on ICG’s records for purposes of the Plan. 
 (b) Terms of Stock Units. The Committee may grant Stock Units that are payable if specified performance goals or other conditions are met, or
under other circumstances. Stock Units may be paid at the end of a specified period, or payment may be deferred to a date authorized by the Committee. The Committee shall determine the number of Stock Units to be granted and the requirements
applicable to such Stock Units. 
 (c) Payment With Respect to Stock Units. Payment with respect to Stock Units shall be made in cash,
in Stock, or in a combination of the two, as determined by the Committee. The Grant Instrument shall specify the maximum number of shares that shall be paid under the Stock Units. 
 (d) Requirement of Employment or Service. The Committee shall determine in the Grant Instrument under what circumstances a Participant may retain
Stock Units after termination of the Participant’s employment or service, and the circumstances under which Stock Units may be forfeited. 
  

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	 	10.	Performance Shares 

 (a) General
Requirements. The Committee may grant Performance Shares to any Employee, Consultant or Non-Management Director, upon such terms and conditions as the Committee deems appropriate under this Section 10. Each Performance Share shall represent
the right of the Participant to receive a share of Stock or an amount based on the value of a share of Stock, if specified performance goals are met. All Performance Shares shall be credited to accounts on ICG’s records for purposes of the
Plan. 
 (b) Terms of Performance Shares. The Committee shall establish the performance goals and other conditions for payment of
Performance Shares. Performance Shares may be paid at the end of a specified performance or other period, or payment may be deferred to a date authorized by the Committee. The Committee shall determine the number of Performance Shares to be granted
and the requirements applicable to such Performance Shares. 
 (c) Payment With Respect to Performance Shares. Payment with respect to
Performance Shares shall be made in cash, in Stock, or in a combination of the two, as determined by the Committee. The Committee shall establish in the Grant Instrument a target amount to be paid under a Performance Share based on achievement of
the performance goals. 
 (d) Requirement of Employment or Service. The Committee shall determine in the Grant Instrument under what
circumstances a Participant may retain Performance Shares after termination of the Participant’s employment or service, and the circumstances under which Performance Shares may be forfeited. 
  

	 	11.	Stock Awards 

 (a) General
Requirements. The Committee may issue or transfer shares of Stock to any Employee, Consultant or Non-Management Director under a Stock Award, upon such terms and conditions as the Committee deems appropriate under this Section 11. Shares of
Stock issued or transferred pursuant to Stock Awards may be issued or transferred for cash consideration or for no cash consideration, and subject to restrictions or no restrictions, as determined by the Committee. The Committee may establish
conditions under which restrictions on Stock Awards shall lapse over a period of time or according to such other criteria as the Committee deems appropriate, including restrictions based upon the achievement of specific performance goals.

 (b) Number of Shares. The Committee shall determine the number of shares of Stock to be issued or transferred pursuant to a Stock
Award and any restrictions applicable to such shares. 
 (c) Requirement of Employment or Service. The Committee shall determine in
the Grant Instrument under what circumstances a Participant may retain Stock Awards after termination of the Participant’s employment or service, and the circumstances under which Stock Awards may be forfeited. 
 (d) Restrictions on Transfer. While Stock Awards are subject to restrictions, a Participant may not sell, assign, transfer, pledge or otherwise
dispose of the shares of a Stock Award except upon death as described in Section 17. Each certificate, or electronic book entry equivalent, for a share of a Stock Award shall contain a legend giving appropriate notice of the restrictions in the
Grant. The Participant shall be entitled to have the legend removed when all restrictions on such shares have lapsed. The Committee may retain possession of any stock certificates for Stock Awards until all restrictions on such shares have lapsed.

 (e) Right to Vote and to Receive Dividends. Unless the Committee determines otherwise, the Participant shall have the right to vote
shares subject to Stock Awards and to receive any dividends or other distributions paid on such shares during the restriction period. The Committee may determine that a Participant’s entitlement to dividends or other distributions with respect
to a Stock Award shall be subject to achievement of performance goals or other conditions. 
  

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	 	12.	Dividend Equivalents. 

 (a) General
Requirements. When the Committee makes a Grant under the Plan, the Committee may grant Dividend Equivalents in connection with such Grants, under such terms and conditions as the Committee deems appropriate under this Section 12. Dividend
Equivalents may be paid to Participants currently or may be deferred, as determined by the Committee. All Dividend Equivalents that are not paid currently shall be credited to accounts on ICG’s records for purposes of the Plan. Dividend
Equivalents may be accrued as a cash obligation, or may be converted to Stock Units for the Participant, as determined by the Committee. Unless otherwise specified in the Grant Instrument, deferred Dividend Equivalents will not accrue interest. The
Committee may provide that Dividend Equivalents shall be payable based on the achievement of specific performance goals. 
 (b) Payment
with Respect to Dividend Equivalents. Dividend Equivalents may be payable in cash, shares of Stock, or other property, or in a combination of the foregoing, as determined by the Committee. 
  

	 	13.	Other Stock-Based Awards 

 The Committee may
grant other awards that are cash-based or based on, measured by or payable in Stock to Employees, Consultants or Non-Management Directors, on such terms and conditions as the Committee deems appropriate under this Section 13. Other Stock-Based
Awards may be granted subject to achievement of performance goals or other conditions and may be payable in Stock or cash, or in a combination of the two, as determined by the Committee in the Grant Instrument. 
  

	 	14.	Qualified Performance-Based Compensation 

 (a) Designation as Qualified Performance-Based Compensation. The Committee may determine that Stock Units, Performance Shares, Stock Awards, Dividend Equivalents or Other Stock-Based Awards granted to an Employee shall be considered
“qualified performance-based compensation” under section 162(m) of the Code. The provisions of this Section 14 shall apply to any such Grants that are to be considered “qualified performance-based compensation” under section
162(m) of the Code. To the extent that Grants of Stock Units, Performance Shares, Stock Awards, Dividend Equivalents or Other Stock-Based Awards designated as “qualified performance-based compensation” under section 162(m) of the Code are
made, no such Grant may be made as an alternative to another Grant that is not designated as “qualified performance based compensation” but instead must be separate and apart from all other Grants made. 
 (b) Performance Goals. When Stock Units, Performance Shares, Stock Awards, Dividend Equivalents or Other Stock-Based Awards that are to be
considered “qualified performance-based compensation” are granted, the Committee shall establish in writing (i) the objective performance goals that must be met, (ii) the period during which performance will be measured,
(iii) the maximum amounts that may be paid if the performance goals are met, and (iv) any other conditions that the Committee deems appropriate and consistent with the Plan and the requirements of section 162(m) of the Code for
“qualified performance-based compensation.” The performance goals shall satisfy the requirements for “qualified performance-based compensation,” including the requirement that the achievement of the goals be substantially
uncertain at the time they are established and that the performance goals be established in such a way that a third party with knowledge of the relevant facts could determine whether and to what extent the performance goals have been met. The
Committee shall not have discretion to increase the amount of compensation that is payable upon achievement of the designated performance goals, but the Committee may reduce the amount of compensation that is payable upon achievement of the
designated performance goals. 
 (c) Criteria Used for Objective Performance Goals. The Committee shall use objectively determinable
performance goals based on one or more of the following criteria: Stock price, earnings per share of Stock, net earnings, operating earnings, return on assets, stockholder return, return on equity, growth in assets, share volume, sales, market
share, change in net asset value, EBIT, EBITDA, cash flow, backlog or deferred revenue, strategic business criteria, meeting specific revenue targets, market penetration, geographic business expansion, cost targets or goals relating to acquisitions
or divestitures. The performance goals may relate to the Participant’s business unit or the performance of ICG or one or more ICG partner companies, or any combination of the foregoing. Performance goals need not be uniform as among
Participants. 
  

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 (d) Timing of Establishment of Goals. The Committee shall establish the performance goals in
writing either before the beginning of the performance period or during a period ending no later than the earlier of (i) 90 days after the beginning of the performance period or (ii) the date on which 25% of the performance period has been
completed, or such other date as may be required or permitted under applicable regulations under section 162(m) of the Code. 
 (e)
Certification of Results. The Committee shall certify and announce the results for the performance period to all Participants after ICG determines the financial results for the performance period. The Committee shall determine the amount, if
any, to be paid pursuant to each Grant based on the achievement of the performance goals and the terms of each Grant Instrument. 
 (f)
Death, Disability or Other Circumstances. The Committee may provide in the Grant Instrument that Grants shall be payable, in whole or in part, in the event of the Participant’s death or disability, a Change of Control or under other
circumstances consistent with the Treasury regulations and rulings under section 162(m) of the Code. 
  

	 	15.	Deferrals 

 The Committee may permit or
require a Participant to defer receipt of the payment of cash or the delivery of shares of Stock that would otherwise be due to the Participant in connection with any Grant. The Committee shall establish rules and procedures for such deferrals,
which shall be consistent with the requirements of section 409A of the Code and the corresponding Treasury regulations and rulings. 
  

	 	16.	Withholding of Taxes 

 (a) Required
Withholding. All Grants under the Plan shall be subject to applicable federal (including FICA), state and local tax withholding requirements. The Company may (i) require that the Participant or other person receiving or exercising Grants
pay to the Company the amount of any federal, state or local taxes that the Company is required to withhold with respect to such Grants, or (ii) deduct from other wages paid by the Company the amount of any withholding taxes due with respect to
such Grants. 
 (b) Election to Withhold Shares. If the Committee so permits, a Participant may elect to satisfy the Company’s
tax withholding obligation with respect to Grants paid in Stock by having shares withheld, at the time such Grants become taxable, up to an amount that does not exceed the minimum applicable withholding tax rate for federal (including FICA), state
and local tax liabilities. In addition, with respect to any required tax withholding amount that exceeds the minimum applicable withholding tax rate, the Committee may permit a Participant to satisfy such tax withholding obligation with respect to
such excess amount by providing that the Participant may elect to deliver to the Company shares of Stock owned by the Participant that have been held by the Participant for the requisite period of time to avoid adverse accounting consequences to
ICG. The elections described in this subsection (b) must be in a form and manner prescribed by the Committee and may be subject to the prior approval of the Committee. 
  

	 	17.	Transferability of Grants 

 (a) In
General. Except as provided in this Section 17, only the Participant may exercise rights under a Grant during the Participant’s lifetime. A Participant may not transfer those rights except by will or by the laws of descent and
distribution, or, with respect to Grants other than Incentive Stock Options, if permitted in any specific case by the Committee, pursuant to a domestic relations order. When a Participant dies, the Successor Participant may exercise such rights in
accordance with the terms of the Plan. A Successor Participant must furnish proof satisfactory to ICG of his or her right to receive the Grant under the Participant’s will or under the applicable laws of descent and distribution. 
 (b) Transfer of Nonqualified Stock Options. Notwithstanding the foregoing, the Committee may provide in a Grant Instrument that a Participant may
transfer Nonqualified Stock Options to family members or other persons or entities, consistent with applicable securities laws, according to such terms as the Committee may determine; provided that the Participant receives no consideration for the
transfer of a Nonqualified Stock Option and the transferred Nonqualified Stock Option shall continue to be subject to the same terms and conditions as were applicable to the Nonqualified Stock Option immediately before the transfer. 
  

 9 

	 	18.	Consequences of a Change of Control 

 (a)
Assumption of Grants. Upon a Change of Control where ICG is not the surviving corporation (or survives only as a subsidiary of another corporation), unless the Committee determines otherwise, all outstanding Options and SARs that are not
exercised shall be assumed by, or replaced with comparable options and rights by, the surviving corporation (or a parent or subsidiary of the surviving corporation), and other Grants that remain outstanding shall be converted to similar grants of
the surviving corporation (or a parent or subsidiary of the surviving corporation). 
 (b) Other Alternatives. Notwithstanding the
foregoing, in the event of a Change of Control, the Committee may take any of the following actions with respect to any or all outstanding Grants, without the consent of any Participant: (i) determine that outstanding Options and SARs shall
accelerate and become exercisable, in whole or in part; (ii) determine that the restrictions and conditions on outstanding Stock Awards shall lapse, in whole or in part; (iii) provide that Participants holding outstanding Performance
Shares shall receive payment, in whole or in part, in settlement of such Performance Shares, in an amount determined by the Committee, based on the Participant’s target payment for the performance period and the portion of the performance
period that precedes the Change of Control; (iv) determine that outstanding Stock Units shall become payable, in whole or in part, in cash, Stock or other property in an amount not less than their target amount, as determined by the Committee;
(v) provide that Dividend Equivalents and Other Stock-Based Awards shall become fully payable, in whole or in part, in cash, Stock or other property, in amounts determined by the Committee; (vi) the Committee may require that Participants
surrender their outstanding Options and SARs in exchange for a payment by ICG, in cash, Stock or other property, as determined by the Committee, in an amount equal to the amount by which the then Fair Market Value subject to the Participant’s
unexercised Options and SARs exceeds the Option Price of the Options or the base amount of the SARs, as applicable; (vii) after giving Participants an opportunity to exercise their outstanding Options and SARs, the Committee may terminate any
or all unexercised Options and SARs at such time as the Committee deems appropriate; and (viii) with respect to Participants holding Stock Units, Performance Shares, Dividend Equivalents or Other Stock-Based Awards, the Committee may determine
that such Participants shall receive a payment in settlement of such Stock Units, Performance Shares, Dividend Equivalents or Other Stock-Based Awards, in such amount and form as may be determined by the Committee. Such acceleration, surrender,
termination or settlement shall take place as of the date of the Change of Control or such other date as the Committee may specify. 
 (c)
Other Transactions. The Committee may provide in a Grant Instrument that a sale or other transaction involving a Subsidiary or other business unit of ICG shall be considered a Change of Control for purposes of a Grant, or the Committee may
establish other provisions that shall be applicable in the event of a specified transaction. 
  

	 	19.	Requirements for Issuance of Shares 

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

	 	20.	Amendment and Termination of the Plan 

 (a)
Amendment. The Board may amend or terminate the Plan at any time; provided, however, that the Board shall not amend the Plan without approval of the stockholders of ICG if such approval is required in order to comply with the Code or
applicable laws, or to comply with applicable stock exchange requirements. No amendment or termination of this Plan shall, without the consent of the Participant, impair any rights or obligations under any Grant previously made to the Participant,
unless such right has been reserved in the Plan or the Grant Instrument, or except as provided in Section 21(b) below. 
  

 10 

 (b) No Repricing Without Stockholder Approval. Notwithstanding anything in the Plan to the
contrary, without the prior approval of the Company’s stockholders, no Grant under the Plan may be repriced, replaced, regranted through cancellation or modified if the effect would be to reduce the exercise price for the shares underlying such
Grant; provided, however, that the foregoing shall not apply to any adjustment made to a Grant pursuant to Section 5(d) of the Plan. In addition, the Committee may not cancel an outstanding Grant that is underwater for the purpose of granting a
replacement Grant of a different type. 
 (c) Stockholder Approval for “Qualified Performance-Based Compensation.” If Stock
Units, Performance Shares, Stock Awards, Dividend Equivalents or Other Stock-Based Awards are granted as “qualified performance-based compensation” under Section 14 above, the Plan must be reapproved by ICG’s stockholders no
later than the first stockholders meeting that occurs in the fifth year following the year in which the stockholders previously approved the provisions of Section 14, if additional Grants are to be made under Section 14 and if required by
section 162(m) of the Code or the regulations thereunder. 
 (d) Termination of Plan. The Plan shall terminate on the day immediately
preceding the tenth anniversary of its Effective Date, unless the Plan is terminated earlier by the Board or is extended by the Board with the approval of the stockholders. The termination of the Plan shall not impair the power and authority of the
Committee with respect to an outstanding Grant. 
 21. Miscellaneous 
 (a) Grants in Connection with Corporate Transactions and Otherwise. Nothing contained in this Plan shall be construed to (i) limit the right
of the Committee to make Grants under this Plan in connection with the acquisition, by purchase, lease, merger, consolidation or otherwise, of the business or assets of any corporation, firm or association, including Grants to employees thereof who
become Employees, or for other proper corporate purposes, or (ii) limit the right of ICG to grant stock options or make other awards outside of this Plan. Without limiting the foregoing, the Committee may make a Grant to an employee of another
corporation who becomes an Employee by reason of a corporate merger, consolidation, acquisition of stock or property, reorganization or liquidation involving ICG in substitution for a grant made by such corporation. The terms and conditions of the
substitute Grants may vary from the terms and conditions required by the Plan and from those of the substituted stock incentives. The Committee shall prescribe the provisions of the substitute Grants. 
 (b) Compliance with Law. The Plan, the exercise of Options and the obligations of ICG to issue or transfer shares of Stock under Grants shall be
subject to all applicable laws and to approvals by any governmental or regulatory agency as may be required. With respect to persons subject to section 16 of the Exchange Act, it is the intent of ICG that the Plan and all transactions under the Plan
comply with all applicable provisions of Rule 16b-3 or its successors under the Exchange Act. In addition, it is the intent of ICG that the Plan and applicable Grants comply with the applicable provisions of sections 162(m), 409A and 422 of the
Code. To the extent that any legal requirement of section 16 of the Exchange Act or sections 162(m), 409A or 422 of the Code as set forth in the Plan ceases to be required under section 16 of the Exchange Act or sections 162(m), 409A or 422 of the
Code, that Plan provision shall cease to apply. The Committee may revoke any Grant if it is contrary to law or modify a Grant to bring it into compliance with any valid and mandatory government regulation. The Committee may also adopt rules
regarding the withholding of taxes on payments to Participants. The Committee may, in its sole discretion, agree to limit its authority under this Section. 
 (c) Enforceability. The Plan shall be binding upon and enforceable against ICG and its successors and assigns. 
 (d) Funding of the Plan; Limitation on Rights. This Plan shall be unfunded. Neither ICG nor any other Company shall be required to establish any special or separate fund or to make any other segregation of
assets to assure the payment of any Grants under this Plan. Nothing contained in the Plan and no action taken pursuant hereto shall create or be construed to create a fiduciary relationship between ICG or any other Company and any Participant or any
other person. No Participant or any other person shall under any circumstances acquire any property interest in any specific assets of ICG or any other Company. To the extent that any person acquires a right to receive payment from ICG hereunder,
such right shall be no greater than the right of any unsecured general creditor of ICG. 
  

 11 

 (e) Rights of Participants. Nothing in this Plan shall entitle any Employee, Consultant,
Non-Management Director or other person to any claim or right to receive a Grant under this Plan. Neither this Plan nor any action taken hereunder shall be construed as giving any individual any rights to be retained by or in the employment or
service of the Company. 
 (f) No Fractional Shares. No fractional shares of Stock shall be issued or delivered pursuant to the Plan
or any Grant. The Committee shall determine whether cash, other awards or other property shall be issued or paid in lieu of such fractional shares or whether such fractional shares or any rights thereto shall be forfeited or otherwise eliminated.

 (g) Employees Subject to Taxation Outside the United States. With respect to Participants who are subject to taxation in countries
other than the United States, the Committee may make Grants on such terms and conditions as the Committee deems appropriate to comply with the laws of the applicable countries, and the Committee may create such procedures, addenda and subplans and
make such modifications as may be necessary or advisable to comply with such laws. 
 (h) Governing Law. The validity, construction,
interpretation and effect of the Plan and Grant Instruments issued under the Plan shall be governed and construed by and determined in accordance with the laws of the State of Delaware, without giving effect to the conflict of laws provisions
thereof. 
  

 12Exhibit 10.2

 Exhibit 10.2 
 PAETEC CORP. 
 1998 INCENTIVE COMPENSATION PLAN 
 Amended and restated as of February 27, 2007 
 1. Preamble. This document sets forth the terms of the PaeTec Corp. 1998 Incentive Compensation Plan ("Plan"), which shall become effective as of July 1, 1998, contingent upon the approval of the Plan by the shareholders of
PaeTec Corp. 
 2. Purpose. The purpose of the Plan is to promote the interests of the Company by providing current and future
employees of the Company and its Subsidiaries with an equity or equity-based interest in the Company, so that the interests of such individuals will be closely associated with the interests of shareholders by reinforcing the relationship between
shareholder gains and individual compensation. Pursuant to this Plan, eligible individuals may receive (a) Incentive Stock Options, (b) Non-Qualified Stock Options, and/or (c) Stock Appreciation Rights. In addition, pursuant to this
Plan, eligible individuals who receive and exercise options to acquire shares of common stock of a Subsidiary pursuant to any stock-based incentive compensation plan maintained by the Subsidiary, and who exchange shares so acquired for shares of
Common Stock pursuant to a grant or exchange agreement to which the Company is a party, shall be issued shares of Common Stock pursuant to this Plan to the extent provided in such grant or exchange agreement and ratified by the Committee. Shares of
Common Stock acquired in the manner described in the preceding sentence shall be referred to in this Plan as "Exchange Shares." 
 3.
Eligibility. Employees of the Company or its Subsidiaries shall be eligible to participate in the Plan. Participants shall be selected by the Committee based upon such factors as the eligible individual’s past and potential contributions
to the success, profitability, and growth of the Company. 
 4. Definitions. As used in this Plan, 
 (a) "Board of Directors" shall mean the Board of Directors of the Company. 
 (b) "Committee" shall mean the committee appointed by the Board of Directors to administer the Plan in accordance with Paragraph 13. 
 (c) "Common Stock" shall mean the Class A Common Stock, par value $0.01 per share, of the Company. 
 (d) "Company" shall mean PaeTec Corp. 
  

 (e) "Eligible Individuals" shall mean persons described in Paragraph 3; provided that only individuals
who are employees of the Company or its Subsidiaries shall be eligible for grants of Incentive Stock Options 
 (f) "Incentive Stock Option"
shall mean the right granted to an Eligible Individual to purchase Common Stock under this Plan, the grant, exercise and disposition of which are intended to comply with, and to be governed by, Internal Revenue Code Section 422. 
 (g) "Market Value per Share" shall mean, at any date, the fair market value per share of the shares of Common Stock, as determined in good faith by the
Committee. 
 (h) "Non-Qualified Stock Option" shall mean the right granted to an Eligible Individual to purchase Common Stock under this
Plan, the grant, exercise and disposition of which are not intended to be subject to the requirements and limitations of Internal Revenue Code Section 422. 
 (i) "Optionee" shall mean the Eligible Individual to whom an Option Right is granted pursuant to an agreement evidencing an outstanding Incentive Stock Option or Non-Qualified Stock Option. 
 (j) "Option Right" shall mean the right to purchase a share of Common Stock upon exercise of an outstanding Incentive Stock Option or Non-Qualified Stock
Option. 
 (k) "Stock Appreciation Right" or "SAR" shall mean an Eligible Individual’s right to receive a payment described in
Paragraph 9. 
 (l) "Subsidiary" shall mean any corporation in which (at the time of determination) the Company owns or controls,
directly or indirectly, 50 percent or more of the total combined voting power of all classes of stock issued by the corporation. 
 5.
Shares Available Under the Plan. 
 (a) The shares of Common Stock which may be made the subject of rights or awards granted pursuant
to this Plan may be treasury shares or shares of original issue or a combination of the foregoing. 
 (b) Subject to adjustment in accordance
with Paragraph 5(c) and Paragraph 11 of this Plan, the maximum number of shares of Common Stock that may be the subject of Option Rights or Stock Appreciation Rights granted pursuant to this Plan shall be 5,300,000 shares of Common Stock, in the
aggregate, which are made available by virtue of this Plan. 
 (c) Notwithstanding the number of shares of Common Stock made available by
virtue of this Plan in accordance with Paragraph 5(b), until such time as shares of Common Stock are actively traded on an established securities market, the number of shares of Common Stock available under this Plan shall be reduced to reflect the
number of stock options and 

 
warrants granted under any stock-based incentive compensation plan adopted by any Subsidiary (“Subsidiary Option Plan”). The reduction in the
number of shares that may be granted under this Plan will be determined as follows: 
  

	 	(i)	At any time that options are to be granted under a Subsidiary Option Plan, the fully diluted fair market value of a share of Common Stock (taking into account the consideration to
be received by the Company from the exercise of options and warrants outstanding at the time of such valuation), and the portion of such fair market value that is attributable to the Subsidiary that is proposing to issue options under a Subsidiary
Option Plan (expressed as a fully diluted fair market value per share of the Subsidiary, taking into account the consideration to be received by the Subsidiary from the exercise of outstanding options and warrants issued by the Subsidiary), shall be
established based upon the latest determination made by the Subsidiary Committee (as defined below) as to the relative enterprise values of the Company and of the Subsidiary (which determination in no event shall be earlier than three months
preceding the applicable option grant date). The Subsidiary Committee shall make such determination in its good faith, reasonable judgment and, to the extent the Subsidiary Committee deems appropriate or desirable, upon consultation with the
Company’s independent financial advisors. The determination of the Subsidiary Committee shall be ratified by the members of the Committee. In the event that the “CCS Group Director” (as such term is defined in the Stockholders
Agreement dated September 9, 1999, by and among the Company, Arunas A. Chesonis, Jeffrey Sudikoff, the Christopher E. Edgecomb Living Trust and former stockholders of Campuslink Communications Systems, Inc. objects to the Subsidiary
Committee’s determination concerning the respective enterprise values of the Company and/or the Subsidiary within sixty (60) days of his receipt of information regarding the exercise price for the option in question and the conversion rate
between Subsidiary shares and shares of Common Stock then in effect, the Subsidiary Committee, the Committee and the CCS Group Director shall discuss and resolve in good faith the objections raised by the CCS Group Director. As used herein, the term
“Subsidiary Committee” refers to a committee designated by the Board of Directors of the Subsidiary to establish the exercise prices of options granted under the Subsidiary Option Plan, and the conversion rate between shares of such
Subsidiary issued under its Subsidiary Option Plan and shares of Common Stock issuable upon conversion thereof. 

  

	 	(ii)	Based on the valuations determined in accordance with the preceding subparagraph (i), a number of shares will be subtracted from the 5,300,000 shares of Common Stock available under
the Plan upon the grant of options under a Subsidiary Option Plan, calculated as follows: 

  

 3 

 Reduction Amount = (SOG x SSFMV) ÷ PTFMV 
 where, 
  

	 	SOG  =	number of shares with respect to which options are being granted by the Subsidiary under the Subsidiary Option Plan 

  

	 	SSFMV  =	fully diluted fair market value per share of the Subsidiary at the time of the option grant 

  

	 	PTFMV  =	fully diluted fair market value per share of Common Stock at the time of the option grant 

  

	 	(iii)	In the event an individual acquires shares of common stock of a Subsidiary under the Subsidiary Option Plan, which shares were previously included in a calculation described in
subparagraphs 5(c)(i) and (ii), and then exchanges some or all of the acquired shares for shares of Common Stock pursuant to a stock option grant or exchange agreement among the Company, the Subsidiary and the individual (“Grant
Agreement”), the actual number of shares of Common Stock received in the exchange (which number shall be determined pursuant to the Grant Agreement and ratified by the Committee) shall be compared to the product of (A) the total
“Reduction Amount” determined for all shares of common stock of the Subsidiary included in the applicable calculation described in subparagraphs 5(c)(i) and (ii), times (B) a fraction, the numerator of which is the number of shares of
common stock of the Subsidiary surrendered in the exchange, and the denominator of which is the total number of shares of common stock of the Subsidiary included in the applicable calculation described in subparagraphs 5(c)(i) and (ii). If the
actual number of shares of Common Stock received in the exchange is greater than the product described in the foregoing sentence, the number of shares of Common Stock available under this Paragraph 5 shall be further decreased by the difference. If
the actual number of shares of Common Stock received in the exchange is less than such product, the number of shares of Common Stock available under this Paragraph 5 shall be increased by the difference. 

  

	 	(iv)	In the event that any options under a Subsidiary Option Plan expire or terminate for any reason without being exercised, the number of shares issuable under the Plan shall be
adjusted as if such unexercised options had never been granted. 

  

 4 

	 	(v)	At such time as shares of Common Stock are actively traded on an established securities market, (A) no adjustments shall be required pursuant to subparagraphs 5(c)(i) and
(ii) with respect to any subsequent option or other grant pursuant to any Subsidiary Option Plan, (B) no adjustment shall be required pursuant to subparagraph 5(c)(iii) with respect to any subsequent exchange of shares of the applicable
Subsidiary for shares of Common Stock, and (C) Exchange Shares subsequently issued by the Company, but not previously the subject of any adjustment under this Paragraph 5(c), shall reduce the number of shares of Common Stock available pursuant
to Paragraph 5(b) on an one-for-one basis. 

 6. Grants of Option Rights Generally. The Committee may, from time to time
and upon such terms and conditions as it may determine, authorize the grant of Option Rights to Eligible Individuals. Each such grant may utilize any or all of the shares of Common Stock authorized under this Plan and shall be subject to all of the
limitations, contained in the following provisions: 
 (a) Each grant shall specify whether it is intended as a grant of Incentive Stock
Options or Non-Qualified Stock Options. 
 (b) Each grant shall specify the number of shares of Common Stock to which it pertains. 

(c) Successive grants may be made to the same Eligible Individual whether or not any Option Rights previously granted to such Eligible Individual
remain unexercised. 
 (d) Upon exercise of an Option Right and subject to approval by the Committee, the entire option exercise price shall
be payable (i) in cash, (ii) by the transfer to the Company by the Optionee of shares of Common Stock with a value (Market Value per Share times the number of shares) equal to the total option price, or (iii) by a combination of such
methods of payment. In addition, to the extent permitted by law and to the extent the option agreement so provides, upon exercise of an Option Right and subject to approval by the Committee, the entire option exercise price shall be payable by
delivery (on a form acceptable to the Committee) of an irrevocable direction to a licensed securities broker acceptable to the Company to sell shares of Common Stock and to deliver the sales proceeds to the Company in payment of the total option
price and any withholding taxes. 
 (e) Each grant of Option Rights shall be evidenced by an agreement executed on behalf of the Company by
any officer designated by the Committee for this purpose and delivered to and accepted by the Eligible Individual and shall contain such terms and provisions, consistent with this Plan, as the Committee may approve. 
  

 5 

 7. Special Rules for Grants of Incentive Stock Options. 
 (a) Each grant of Incentive Stock Options shall specify an option price per share not less than the Market Value per Share on the date the Option Right is
granted; provided that, if an Incentive Stock Option is granted to any Eligible Individual who, immediately after such option is granted, is considered to own stock possessing more than ten percent of the combined voting power of all classes of
stock of the Company, or any of its subsidiaries, then the option price per share shall be not less than 110 percent of the Market Value per Share on the date of the grant of the option, and such option may be exercised only within five years of the
date of the grant. 
 (b) The duration of each Incentive Stock Option by its terms shall be not more than ten years from the date the option
is granted as specified by the Committee. 
 (c) The Committee shall establish the time or times within the option period when the Incentive
Stock Option may be exercised in whole or in such parts as may be specified from time to time by the Committee, except that Incentive Stock Options shall not be exercisable earlier than six months, nor later than ten years, following the date the
option is granted. The date of grant of each Option Right shall be the date of its authorization by the Committee. 
 (d) Except as may be
provided by the Committee at the time of grant, (i) in the event of the Optionee’s termination of employment due to any reason, including death, disability, or retirement, all rights to exercise Incentive Stock Options shall cease, except
for those which are exercisable as of the date of termination, and (ii) rights that are exercisable as of the date of termination shall remain exercisable for a period of thirty (30) days following a termination of employment for any
reason other than death, disability, or retirement; for a period of one (1) year following termination due to death or disability; and for a period of three (3) years following termination of employment due to retirement under the terms of
any applicable Company retirement plan. However, no Incentive Stock Option shall, in any event, be exercised after the expiration of ten (10) years from the date such option is granted, or such earlier date as may be specified in the option.

 (e) No Incentive Stock Options shall be granted hereunder to any Optionee that would allow the aggregate fair market (determined at the
time the option is granted) of the stock subject of all post-1986 incentive stock options, including the Incentive Stock Option in question, which such Optionee may exercise for the first time during any calendar year, to exceed $100,000. The term
"post-1986 incentive stock options" shall mean all rights, which are intended to be "incentive stock options" under the Internal Revenue Code, granted on or after January 1, 1987 under any stock option plan of the Company or its Subsidiaries.
If the Company shall ever be deemed to have a "parent," as such term is used for purposes of Section 422 of the Internal Revenue Code, then rights intended to be "incentive stock options" under the Internal Revenue Code, granted after
January 1, 1987 under such parent’s stock option plans, shall be included with the terms of the definition of "post-1986 incentive stock options". 
  

 6 

 8. Special Rules for Grants of Non-Qualified Stock Options. 
 (a) Except as may be provided by the Committee at the time of grant, (i) in the event of the Optionee’s termination of employment due to
retirement under the terms of any applicable Company retirement plan, rights to exercise Non-Qualified Stock Options that are exercisable as of the date of termination shall remain exercisable for three (3) years following termination,
(ii) in the event of the Optionee’s termination of employment due to death or disability, rights to exercise Non-Qualified Stock Options that are exercisable as of the date of termination shall remain exercisable for one (1) year
following termination, (iii) in the event of the Optionee’s termination of employment for any other reason, the rights to exercise Non-Qualified Stock Options that are exercisable as of the date of termination shall remain exercisable for
thirty (30) days following termination, and (iv) the right to exercise Non-Qualified Stock Options that are not exercisable as of the date of termination shall be forfeited. Notwithstanding the foregoing, the Committee may, at any time,
extend the time within which a Non-Qualified Stock Option may be exercised. 
 (b) The Company shall not issue stock certificates to an
Optionee who exercises a Non-Qualified Stock Option, unless payment of the required lawful withholding taxes has been made to the Company by check, payroll deduction or other arrangements satisfactory to the Committee. 
 (c) The Committee shall establish the time or times within the option period when the Non-Qualified Stock Option may be exercised in whole or in such
parts as may be specified from time to time by the Committee, except that Non-Qualified Stock Options shall not be exercisable earlier than six months, nor later than ten years, following the date the option is granted. The date of grant of each
Option Right shall be the date of its authorization by the Committee. 
 9. Stock Appreciation Rights. 
 (a) The Committee may, from time to time, authorize the grant of Stock Appreciation Rights (SARs) to Eligible Individuals. The Committee may grant SARs in
"tandem" with Option Rights, independent of Option Rights, or in any combination of these forms of SARs. The Committee shall have complete discretion in determining the number of SARs granted and in determining the terms and conditions pertaining to
such SARs; provided, however, that in no event shall any SAR become exercisable within six months of its grant nor shall any SAR be granted for a term of more than ten years. 
 (b) SARs granted in "tandem" with Option Rights may be exercised for all or part of the shares of Common Stock subject to the related Option Right upon
the surrender of the right to exercise the equivalent portion of the related Option Right. A "tandem" SAR may be 

  

 7 

 
exercised only with respect to the Shares for which its related Option Right is then exercisable. Notwithstanding any other provision of this Plan to the
contrary, with respect to an SAR granted in "tandem" with an Incentive Stock Option: 
  

	 	(i)	the SAR will expire no later than the expiration of the underlying Incentive Stock Option; 

  

	 	(ii)	the value of the payout with respect to the SAR may be for no more than 100 percent of the difference between the option price of the underlying Incentive Stock Option and the
fair market value of the shares subject to the underlying Incentive Stock Option at the time the SAR is exercised; and 

  

	 	(iii)	the SAR may be exercised only when the fair market value of the shares subject to the Incentive Stock Option exceeds the option price of the Incentive Stock Option.

 (c) Each SAR grant shall be evidenced by a written agreement that shall contain such terms and conditions as the Committee
shall determine. 
 (d) Upon exercise of an SAR, a Participant shall be entitled to receive payment from the Company in an amount determined
by multiplying: 
  

	 	(i)	The excess (if any) of the Market Value per Share on the date of exercise over the Market Value per Share on the date the SAR was granted; by 

  

	 	(ii)	The number of shares of Common Stock with respect to which the SAR is exercised. 

 At the discretion of the Committee, the payment upon exercise of an SAR may be in cash, in shares of Common Stock of equivalent value, or in some combination thereof. 
 (e) Each SAR award agreement shall set forth the rights of the Participant following termination of the Participant’s employment with the Company
and its Subsidiaries. Such provisions shall be determined in the sole discretion of the Committee and shall be included in the award agreement entered into with Participants, and need not be uniform among all SARs issued pursuant to this Plan, and
may reflect distinctions based on the reasons for termination of employment. 
 9A. Exchange Shares. The Committee shall be cause the
Company to issue (pursuant to this Plan) such number of Exchange Shares necessary to satisfy the Company’s obligations under individual stock option grant or exchange agreements entered into by and among the Company, a Subsidiary and an
employee of a Subsidiary (pursuant to a Subsidiary Option Plan, as defined in Paragraph 5(c)), pursuant to which grant or exchange agreement an optionee 
  

 8 

 
acquires shares of common stock of a Subsidiary and seeks to dispose of the acquired shares through an exchange of the acquired shares with the Company for
shares of Common Stock. 
 10. Transferability. No Option Right shall be transferable by an Optionee other than by will or the laws of
descent and distribution. Option Rights shall be exercisable during the Optionee’s lifetime only by the Optionee. Other rights granted pursuant to this Plan shall not be subject to assignment, alienation, lien, transfer, sale or exchange.

 11. Adjustments. The Committee may make or provide for such adjustments in the maximum numbers of shares of Common Stock specified
in Paragraph 5 of this Plan, in the numbers of shares of Common Stock covered by other rights granted hereunder, and in the prices per share applicable under all such rights, as the Committee in its sole discretion, exercised in good faith, may
determine is equitably required to prevent dilution or enlargement of the rights of Eligible Individuals that otherwise would result from any stock dividend, stock split, combination of shares, recapitalization or other change in the capital
structure of the Company, merger, consolidation, spin-off, reorganization, partial or complete liquidation, issuance of rights or warrants to purchase securities, or any other transaction or event having an effect similar to any of the foregoing.

 12. Fractional Shares. The Company shall not be required to issue any fractional share of Common Stock pursuant to this Plan. The
Committee may provide for the elimination of fractions or for the settlement of fractions in cash. 
 13. Administration of the Plan.

 (a) This Plan shall be administered by the Committee, which shall consist of such number of persons as the Board of Directors shall
determine. 
 (b) The Committee shall have the power to interpret and construe any provision of this Plan. The interpretation and
construction by the Committee of any provision of this Plan or of any agreement evidencing the grant of rights hereunder, and any determination by the Committee pursuant to any provision of this Plan or of any such agreement, shall be final and
binding. No member of the Committee shall be liable for any such action or determination made in good faith. 
 (c) Notwithstanding any other
provision of this Plan, the Committee may impose such conditions on the exercise of any right granted hereunder (including, without limitation, the right of the Committee to limit the time of exercise to specified periods) as may be required to
satisfy the requirements of Section 16 (or any successor rule) of the Securities Exchange Act of 1934, as may be amended from time to time, or any successor statute. 
  

 9 

 14. Amendments, Termination, Etc. 
 (a) This Plan may be amended from time to time by resolutions of the Board of Directors, provided that no such amendment shall (i) increase the
maximum number of shares of Common Stock specified in Paragraph 5 of this Plan (except that adjustments authorized by Paragraph 11 of this Plan shall not be limited by this provision), or (ii) change the definition of "Eligible
Individuals", without further approval by the shareholders of the Company. 
 (b) The Committee may, with the concurrence of the affected
Optionee, cancel any agreement evidencing Option Rights granted under this Plan. In the event of such cancellation, the Committee may authorize the granting of new Option Rights (which may or may not cover the same number of shares which had been
the subject of the prior agreement) in such manner, at such option price and subject to the same terms and conditions as, under this Plan, would have been applicable had the canceled Option Rights not been granted. 
 (c) In the case of any Option Right not immediately exercisable in full, the Committee in its discretion may accelerate the time at which the Option
Right may be exercised, subject to the limitation described in Paragraph 7(c). 
 (d) Notwithstanding any other provision of the Plan to
the contrary, (i) the Plan may be terminated at any time by resolutions of the Board of Directors, and (ii) no rights shall be granted pursuant to this Plan after June 30, 2008. 
  

 10

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