Document:

EXHIBIT 10.2

                                                                  EXECUTION COPY

                          SECOND AMENDMENT AND CONSENT
                          ----------------------------

                  SECOND AMENDMENT AND CONSENT, dated as of November 15, 2004
(this "Amendment"), with respect to the Amended and Restated Credit Agreement,
dated as of May 28, 1998, as amended and restated as of January 16, 2004 (as
amended, supplemented or otherwise modified from time to time, the "Credit
Agreement"; unless otherwise defined herein, capitalized terms which are defined
in the Credit Agreement are used herein as defined therein), among Panavision
Inc., a Delaware corporation (the "Borrower"), the several banks and other
financial institutions or entities from time to time parties thereto (the
"Lenders") and JPMorgan Chase Bank, as administrative agent (in such capacity,
the "Administrative Agent").

                              W I T N E S S E T H:
                              - - - - - - - - - -

                  WHEREAS, pursuant to the Credit Agreement, the Lenders have
agreed to make, and have made, certain loans and other extensions of credit to
the Borrower; and

                  WHEREAS, the Borrower has requested, and, upon this Amendment
becoming effective, the Lenders have agreed, that certain provisions of the
Credit Agreement be amended in the manner provided for in this Amendment;

                  NOW, THEREFORE, for valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, and in consideration of the
premises contained herein, the parties hereto hereby agree as follows:

                              SECTION I AMENDMENT

         1.1. Amendment to Section 7.6. Section 7.6 of the Credit Agreement is
hereby amended by (a) inserting the words ", make any exchange for" after the
phrase "account of" set forth in the third line thereof, (b) deleting the term
"and" set forth at the end of clause (iii) thereof and substituting in lieu
thereof a "," and (c) inserting the following at the end thereof:

                  "and (v) Restricted Payments may be made by exchanging Capital
         Stock of the Borrower for common stock of the Borrower or perpetual
         preferred stock of the Borrower; provided, that (x) any such perpetual
         preferred stock shall be issued on substantially similar terms as
         previous issues of perpetual preferred stock of the Borrower and shall,
         in any event, provide for no mandatory redemption (except for a
         mandatory redemption that only becomes operative after the Borrower has
         complied with any applicable provisions of this Agreement) and (y) for
         the avoidance of doubt, no cash dividends shall be payable by the
         Borrower in respect of any common stock or perpetual preferred stock of
         the Borrower so acquired."

                               SECTION II CONSENT

         2.1. Consent under Section 5.6 of the Guarantee and Collateral
Agreement. Pursuant to Section 5.6 of the Guarantee and Collateral Agreement,
the Required Lenders hereby consent to the name change to occur on November 15,
2004 in which "DHD Holdings Inc.", a Delaware corporation, shall change its name
to "Panavision GP Inc.", a Delaware corporation.

                           SECTION III MISCELLANEOUS

         3.1. Conditions to Effectiveness of Amendment. This Amendment shall
become effective as of the date first set forth above upon the Administrative
Agent receiving counterparts of this Amendment duly executed and delivered by
the Borrower, the Guarantors, the Administrative Agent and the Required Lenders

         3.2. Representations and Warranties. The Borrower represents and
warrants to each Lender that as of the effective date of this Amendment: (a)
this Amendment constitutes the legal, valid and binding obligation of the
Borrower, enforceable against it in accordance with its terms, except as such
enforcement may be limited by bankruptcy, insolvency, fraudulent conveyance,
reorganization, moratorium or similar laws affecting creditors' rights
generally, by general equitable principles (whether enforcement is sought by
proceedings in equity or at law) and an implied covenant of good faith and fair
dealing; and (b) no Default or Event of Default shall have occurred and be
continuing as of the date hereof.

         3.3. Counterparts. This Amendment may be executed by one or more of the
parties to this Amendment on any number of separate counterparts (including by
facsimile transmission), and all of said counterparts taken together shall be
deemed to constitute one and the same instrument. A set of the copies of this
Amendment signed by all the parties shall be lodged with the Borrower and the
Administrative Agent. The execution and delivery of the Amendment by any Lender
shall be binding upon each of its successors and assigns (including Transferees
of its commitments and Loans in whole or in part prior to effectiveness hereof)
and binding in respect of all of its commitments and Loans, including any
acquired subsequent to its execution and delivery hereof and prior to the
effectiveness hereof.

         3.4. Continuing Effect; No Other Amendments. Except to the extent the
Credit Agreement is expressly modified hereby, all of the terms and provisions
of the Credit Agreement and the other Loan Documents are and shall remain in
full force and effect. This Amendment shall constitute a Loan Document.

         3.5. Payment of Expenses. The Borrower agrees to pay and reimburse the
Administrative Agent for all of its out-of-pocket costs and reasonable expenses
incurred to date in connection with this Amendment and the other Loan Documents,
including, without limitation, the reasonable fees and disbursements of legal
counsel to the Administrative Agent.

         3.6. GOVERNING LAW. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF
THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN
ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

                     [REST OF PAGE INTENTIONALLY LEFT BLANK]

                  IN WITNESS WHEREOF, the parties hereto have caused this
Amendment to be duly executed and delivered by their respective proper and duly
authorized officers as of the day and year first above written.

                                         PANAVISION INC.

                                         By:     /s/ Bobby G. Jenkins
                                             ------------------------
                                          Name:  Bobby G. Jenkins
                                          Title: Executive Vice President and
                                                 Chief Financial Officer

                                         JPMORGAN CHASE BANK, as
                                           Administrative Agent and as a Lender

                                         By:      /s/ Neil R. Boylan
                                             -----------------------
                                           Name:  Neil R. Boylan
                                           Title: Managing Director

                                         GENERAL ELECTRIC CAPITAL CORP

                                         By:    /s/ Susan Timmerman
                                            -----------------------
                                          Name: Susan Timmerman
                                          Title: Duly Authorized Signatory

                                         Canpartners Investments IV, LLC
                                         Canyon Captial CLO 2004-1, LTD.
                                         Canyon Capital CDO 2002-1, LTD.
                                         -------------------------------
                                         Name of Lender

                                         By:    /s/ Joshua S. Friedman
                                            ------------------------------------
                                          Name: Joshua S. Friedman
                                          Title: Managing Director

                                          By:
                                             -------------------------------
                                          Name:
                                          Title:

                                         CSAM Funding III
                                         -----------------
                                         Name of Lender

                                         By:     /s/ Thomas Flannery
                                            ------------------------------------
                                          Name:  Thomas Flannery
                                          Title: Authorized Signatory

                                         By:
                                            ------------------------------------
                                          Name:
                                          Title:

                                         CSAM Funding II
                                         ---------------
                                         Name of Lender

                                         By:     /s/ Thomas Flannery
                                            -----------------------------------
                                          Name:  Thomas Flannery
                                          Title: Authorized Signatory

                                         By:
                                            -----------------------------------
                                          Name:
                                          Title:

                                         CSAM Funding I
                                         --------------
                                         Name of Lender

                                         By:     /s/ Thomas Flannery
                                            ------------------------------------
                                          Name:  Thomas Flannery
                                          Title: Authorized Signatory

                                         By:
                                            ------------------------------------
                                          Name:
                                          Title:

                                         First Dominion Funding III
                                         --------------------------
                                         Name of Lender

                                         By:     /s/ Thomas Flannery
                                            ------------------------------------
                                          Name:  Thomas Flannery
                                          Title: Authorized Signatory

                                         By:
                                            ------------------------------------
                                          Name:
                                          Title:

                                         First Dominion Funding II
                                         -------------------------
                                         Name of Lender

                                         By:     /s/ Thomas Flannery
                                            ------------------------------------
                                          Name:  Thomas Flannery
                                          Title: Authorized Signatory

                                         By:
                                            ------------------------------------
                                          Name:
                                          Title:

                                         First Dominion Funding I
                                         ------------------------
                                         Name of Lender

                                         By:     /s/ Thomas Flannery
                                            ------------------------------------
                                          Name:  Thomas Flannery
                                          Title: Authorized Signatory

                                         By:
                                            ------------------------------------
                                          Name:
                                          Title:

                                         US Bank National Association
                                         ----------------------------
                                         Name of Lender

                                         By:     /s/ Daniel J. Falstad
                                            ------------------------------------
                                          Name:  Daniel J. Falstad
                                          Title: Vice President

                                         By:
                                            ------------------------------------
                                          Name:
                                          Title:

                                       NATEXIS BANQUES POPULAIRES

                                       By:     /s/ Frank H. Madden, Jr.
                                          --------------------------------------
                                        Name:  Frank H. Madden, Jr.
                                        Title: Vice President and Group Manager

                                       By:     /s/ Jordan H. Levy
                                          --------------------------------------
                                        Name:  Jordan H. Levy
                                        Title: Assistant Vice President

                  THE UNDERSIGNED GUARANTORS HEREBY CONSENT AND AGREE TO THE
FOREGOING AMENDMENT AS OF THE DATE HEREOF.

                                      PANAPAGE ONE LLC

                                      By: /s/ Eric W. Golden
                                          ------------------
                                       Name:  Eric W. Golden
                                       Title: Executive Vice President,
                                              General Counsel and Secretary

                                      PANAPAGE TWO LLC

                                      By: /s/ Eric W. Golden
                                          ------------------
                                       Name:  Eric W. Golden
                                       Title: Executive Vice President,
                                              General Counsel and Secretary

                                      PANAPAGE CO. LLC

                                      By: /s/ Eric W. Golden
                                          ------------------
                                         Name:  Eric W. Golden
                                         Title: Executive Vice President,
                                                General Counsel and Secretary

                                      PANAVISION INTERNATIONAL, L.P.
                                      By:  Panavision Inc., its General Partner

                                      By: /s/ Eric W. Golden
                                          ------------------
                                       Name:  Eric W. Golden
                                       Title: Executive Vice President, General
                                              Counsel and Secretary

                                      PANAVISION U.K. HOLDINGS, INC.

                                      By: /s/ Eric W. Golden
                                          ------------------
                                         Name:  Eric W. Golden
                                         Title: Executive Vice President,
                                                General Counsel and Secretary

                                      PANAVISION REMOTE SYSTEMS, LLC

                                      By: /s/ Eric W. Golden
                                          ------------------
                                       Name:  Eric W. Golden
                                       Title: Executive Vice President, General
                                              Counsel and Secretary

                                      LPPI, LLC

                                      By: /s/ Eric W. Golden
                                          ------------------
                                       Name:  Eric W. Golden
                                       Title: Executive Vice President, General
                                              Counsel and Secretary

                                      PANAVISION FEDERAL SYSTEMS, LLC

                                      By: /s/ Eric W. Golden
                                          ------------------
                                       Name:  Eric W. Golden
                                       Title: Executive Vice President, General
                                              Counsel and Secretary

                                      DHD VENTURES, L.P.

                                      By: /s/ Eric W. Golden
                                          ------------------
                                       Name:  Eric W. Golden
                                       Title: Executive Vice President, General
                                              Counsel and Secretary

                                      DHD HOLDINGS INC.

                                      By: /s/ Eric W. Golden
                                          ------------------
                                       Name:  Eric W. Golden
                                       Title: Executive Vice President, General
                                              Counsel and Secretary

                                      PANY RENTAL INC.

                                      By: /s/ Eric W. Golden
                                          ------------------
                                       Name:  Eric W. Golden
                                       Title: Executive Vice President, General
                                              Counsel and Secretaryexv10w1

 

EXHIBIT 10.1

FIRST BUSINESS FINANCIAL SERVICES, INC.

2001 EQUITY INCENTIVE PLAN

Section 1. Purpose

            First Business Financial Services, Inc. established this 2001 Equity
Incentive Plan (the “Plan”) to advance the interests of the Company’s
stockholders by enhancing the Company’s ability to attract, retain and motivate
persons who make or are expected to make important contributions to the
Company, its Subsidiaries or Affiliates, by providing such persons with equity
ownership opportunities and performance-based incentives, thereby better
aligning the interests of such persons with those of the Company’s
stockholders.

Section 2. Definitions

            2.1
“Act” means the Securities Act of 1933, as amended from
time to time.
Any reference to a specific provision of the Act shall be deemed to
include any successor provision.

            2.2 “Affiliates” means any entity of which at least 20% of the equity
interest is held directly or indirectly by the Company.

            2.3 “Award” means any award granted under the Plan.

            2.4 “Change in Control” shall be deemed to have occurred as of the first
day that any one or more of the following conditions shall have been
satisfied, including, but not limited to, signing of documents by all parties and approval by all
regulatory agencies, if required:

                  (a) Any person (as such term is defined in Section 3(a)(9) of the
Exchange Act and used in Sections 13(d) and 14(d) thereof, including a “group”
as defined in Section 13(d)) becomes the Beneficial Owner (as such term is
defined in pursuant to rules promulgated under the Exchange Act), directly or
indirectly, of securities of the Company representing forty percent (40%) or
more of the combined voting power of the Company’s then outstanding securities;

                  (b) During any two (2) consecutive years after the Plan’s effective
date, individuals who at the beginning of the two- (2-) year period
constitute the Board, cease for any reason to constitute a majority of the Board; however, a “Change
in Control” shall not occur pursuant to this provision if a new director is approved by a vote
of at least two-thirds (2/3) of the directors serving on the Board and these directors either
were directors at the beginning of the two- (2-) years period or whose election or nomination
for election was so approved; or

                  (c) The stockholders of the Company approve: (i) a plan of
complete liquidation of the Company, or (ii) an agreement for the sale or
disposition of all or substantially all of the Company’s assets, or (iii) a
merger, consolidation or reorganization of

 

 

the Company with or involving any other corporation, other than a merger,
consolidation or reorganization that 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), at least fifty percent (50%) of the combined voting
power of the voting securities of the Company (or such surviving entity)
outstanding immediately after or within one (1) year following such merger,
consolidation or reorganization.

            2.5 “Code” means the Internal Revenue Code of 1986, as amended from
time to time, and all regulations promulgated thereunder. Any reference to
a specific provision of the Code shall be deemed to include any successor provision.

            2.6 “Committee” means the Compensation Committee of the Board,
consisting of not less than two directors, or such other committee
appointed by the Board.

            2.7 “Company” means First Business Financial Services, Inc. and any
successor thereto.

            2.8 “Exchange Act” means the Securities Exchange Act of 1934, as
amended from time to time. Any reference to a specific provision of the
Exchange Act shall be deemed to include any successor provision.

            2.9 “Fair Market Value” means the value of a share of Stock on the
relevant date as determined by the Committee or Board in good faith. In
determining Fair Market Value, the Committee or Board may, but shall not be required to, rely on
the most recent valuation determined by an independent appraiser.

            2.10 “Participant” means any eligible individual who is granted an Award
hereunder. Following a Participant’s death, the term “Participant” shall
mean any person, including the Participant’s estate, which holds the Award following the
Participant’s death.

            2.11 “Stock” means the Common Stock of the Company, par value $0.01.

            2.12 “Subsidiaries” means any entity of which at least 50% of the
equity interest is held directly or indirectly by the Company.

            2.13 “10% Owner” means an individual who, at the time an option is
granted, owns directly or indirectly more than ten percent (10%) of the
total combined voting power of all classes of stock of the Company or any Subsidiary.

Section 3. Effective Date of Plan

            The Plan shall become effective on February 16, 2001, subject, however, to
the approval of the Plan by the stockholders of the Company at the next annual
meeting of stockholders within twelve (12) months following the date of
adoption of the Plan by the

-2-

 

Board. Awards granted under the Plan prior to its approval by stockholders
shall be contingent on such stockholder approval.

Section 4. Administration

            4.1 Committee Authority. Except as specifically provided herein, the Plan
shall be administered by the Committee. If at any time the Committee shall
not be in existence, the Board shall administer the Plan. Subject to the terms of
the Plan and applicable law, the Committee shall have full power and discretionary authority to:
(a) recommend to the Board the eligible individuals under the Plan and the type, terms and
conditions of Awards granted to such individuals, and the number of shares of Stock to which
such Awards relate; (b) interpret and administer the Plan and any instrument or agreement
relating to, or made under, the Plan; (c) establish, amend, suspend, or waive such rules and
regulations and appoint such agents as it shall deem appropriate for the proper
administration of the Plan; and (d) make any other determination and take any other action that the
Committee deems necessary or desirable for the administration of the Plan. The Committee’s
decisions and determinations under the Plan need not be uniform and may be made
selectively among eligible individuals, whether or not they are similarly situated.

            4.2 Board Authority. The Board shall have the authority to determine the
eligible individuals under the Plan and to determine the type, terms and
conditions of Awards granted to such individuals, and the number of shares of Stock to which
such Awards relate. The Board’s decisions and determinations under the Plan need not be
uniform and may be made selectively among eligible individuals, whether or not they are
similarly situated.

            4.3 Delegation to Officers. To the extent permitted by applicable law, the
Board or Committee may delegate to one or more senior officers of the
Company any or all of the authority and responsibility of the Board or Committee with respect to
the Plan. To the extent that the Board or Committee has made such a delegation, all
references to the Board or Committee herein shall include such one or more officers.

            4.4 Decisions Binding. All decisions, interpretations and other actions of
the Board and the Committee shall be final and binding on all Participants
and any other individual with a right under the Plan.

            4.5 Waiver of Conditions. The Committee may, in whole or in part, waive
any conditions or other restrictions with respect to any Award granted
under the Plan, unless otherwise prohibited by the Board.

Section 5. Eligibility and Participation

            All employees and directors of the Company, its Subsidiaries and
Affiliates and all consultants or advisors who provide services to the Company,
its Subsidiaries and Affiliates, are eligible to be granted Awards under the
Plan. The Committee shall recommend to the Board those individuals to
participate in the Plan, and the Board shall select each individual who will
become a Participant. An Award shall be granted exclusively as

-3-

 

compensation for the performance of those services the Participant is already
performing or reasonably may be expected to perform in his or her respective
position within or for the Company, a Subsidiary or an Affiliate. The Board’s
designation of a Participant in any year shall not require the Board to
designate such person to receive an Award in any other year.

Section 6. Stock Subject to Plan

            6.1 Number. Subject to adjustment as provided in Section 6.3, the total
number of shares of Stock which may be issued under the Plan shall be
52,172. The shares to be delivered under the Plan may consist, in whole or in part, of
authorized but unissued Stock or treasury Stock.

            6.2 Unused Stock; Unexercised Rights. If (a) any shares of Stock subject to
an Award granted under the Plan, or to which any Award relates, are
forfeited, (b) an Award otherwise terminates, expires or is canceled prior to the delivery of all
of the shares of Stock or of other consideration issuable or payable pursuant to such Award, or
(c) an Award is settled in cash, then the number of shares of Stock subject to such Award
shall again be available for the granting of additional Awards under the Plan.

            6.3 Adjustment in Capitalization. In the event of any dividend or other
distribution (whether in the form of cash, Stock, other securities or
other property), recapitalization, stock split, reverse stock split, reorganization,
merger, consolidation, split-up, spin-off, combination, repurchase or exchange of Stock or other
securities of the Company, issuance of warrants or other rights to purchase Stock or other
securities of the Company, or other similar corporate transaction or event that affects the
Stock, the Committee may adjust the Plan or any Award in order to prevent dilution or
enlargement of the benefits or potential benefits intended to be made available under the Plan or such
Award. In such case, the Committee may, in such manner as it deems equitable, adjust any
or all of: (a) the number and type of shares of Stock subject to the Plan and which
thereafter may be made the subject of Awards under the Plan; (b) the number and type of shares of
Stock subject to outstanding Awards; and (c) the grant, purchase or exercise price with
respect to any Award, or, if deemed appropriate, make provision for a cash payment to the holder
of an outstanding Award in exchange for cancellation of all or part of such Award; provided,
however, in each case, that with respect to awards of incentive stock options no such
adjustment shall be authorized to the extent that such authority would cause such options to
cease to be treated as incentive stock options; and provided further, however, that the number of
shares of Stock subject to any Award payable or denominated in Stock shall always be a
whole number.

Section 7. Awards

            All Awards granted under the Plan shall be evidenced by a written award
agreement that shall specify the type of Award granted, the duration of the
Award, the number of shares of Stock to which the Award pertains and such other
provisions as the Board shall specify or the Committee shall determine. No
Award shall be effective unless and until signed by the Company and the
Participant to whom such Award is granted.

-4-

 

Section 8. Stock Options

            8.1 Grant of Options. Subject to any limitations set forth in the Plan,
the Board shall have discretion to determine: (a) the eligible individuals to
be granted an option to purchase Stock; (b) the number of shares of Stock to be subject to the
option, and all other terms and conditions of the option; (c) whether the option is to be an
incentive stock option within the meaning of Section 422 of the Code or a nonqualified stock
option; provided that, incentive stock options may be granted only to employees of the Company or
a Subsidiary; and (d) any other terms and conditions of the option as determined by the
Board in its sole discretion. The Committee shall have the discretion to determine
additional terms and conditions of the option to the extent that such terms and conditions are
not inconsistent with the determinations made by the Board.

            8.2 Incentive Stock Options. Incentive stock options shall be exercisable
at purchase prices of not less than one hundred percent (100%) of the Fair
Market Value of the Stock on the date of grant (or one hundred ten percent (110%) if granted
to a 10% Owner). Incentive stock options shall be exercisable over not more than ten (10)
years after the date of grant (or five (5) years if granted to a 10% Owner) and shall terminate
not later than three (3) months after termination of employment for any reason other than death or
disability, except as otherwise provided by the Committee or Board. If the Participant
should terminate employment as a result of a disability (within the meaning of Code Section
22(e)(3)), then the right of the Participant to exercise an incentive stock option shall
terminate not later than twelve (12) months after the date of such termination of employment,
except as otherwise provided by the Committee or Board. In all other respects, the terms of
any incentive stock option granted under the Plan shall comply with the provisions of Section
422 of the Code.

            8.3 Nonqualified Stock Options. Nonqualified stock options
will be exercisable at purchase prices of not less than one hundred percent (100%)
of the Fair Market Value of the Stock on the date of grant, unless otherwise determined by
the Board. Nonqualified stock options will be exercisable over the period or on the
date as determined by the Committee or Board and shall terminate at such time as the Committee
or Board shall determine.

            8.4 Payment. The Committee or Board shall determine the methods and the
forms for payment of the purchase price of options, including, but not
limited to: (a) by cash; (b) by delivery of other shares or securities of the Company having a then
Fair Market Value equal to the purchase price of such shares (including by attestation); or
(c) by any combination of the foregoing. Upon receipt of the payment of the entire purchase
price for the shares so purchased (plus any taxes required by the Company to satisfy its
withholding obligations pursuant to Section 18), certificates for such shares shall be delivered
to the Participant (or beneficiary). The number of shares of Stock reserved for issuance under
the Plan shall be reduced only by the number of shares issued.

-5-

 

            8.5 Limits on Incentive Stock Options. Each award agreement
evidencing an incentive stock option shall provide that to the extent
the aggregate Fair Market Value of Stock (as determined on the date of
grant), with respect to which incentive stock options granted under the
Plan, or any other plan of the Company or its Subsidiaries, are
exercisable by a Participant for the first time during any calendar year
exceeds $100,000, then such option as to the excess shall be treated as
a nonqualified stock option.

Section 9. Restricted Stock

            9.1 Awards. The Board shall have discretion to issue restricted
stock to any eligible individual, with or without payment therefor.
Restricted stock shall be subject to such terms and conditions as the
Board determines appropriate, including, without limitation,
restrictions on sale or other disposition and rights of the Company to
reacquire such restricted stock without payment therefor upon
termination of the Participant’s employment or service within specified
periods, or upon the Company’s and/or the Participant’s failure to
achieve certain performance goals established by the Board over a
designated period of time. The Committee shall have the discretion to
determine additional terms and conditions of a restricted stock award
to the extent that such terms and conditions are not inconsistent with
the determinations made by the Board.

            9.2 Registration. Any restricted stock granted under the
Plan to a Participant may be evidenced in such manner as the Committee may
deem appropriate,
including, without limitation, book-entry registration or issuance
of a stock certificate or certificates. In the event any stock certificate is issued in
respect of shares of restricted stock granted under the Plan to a Participant, such certificate shall be
registered in the name of the Participant and shall bear an appropriate legend (as determined by
the Committee) referring to the terms, conditions and restrictions applicable to such restricted stock.

            9.3 Other Rights. Unless otherwise determined by the Committee or Board,
during the period of restriction, Participants holding shares of
restricted stock granted
hereunder may exercise full voting rights with respect to those
shares and shall be entitled to
receive all dividends and other distributions paid or made with
respect to those shares while
they are so held; provided, however, that the Committee or Board
may provide that payment
of dividends thereon may be deferred until termination of the
period of restriction and may be
made subject to the same restrictions regarding forfeiture as apply
to such shares of restricted
stock. If any such dividends or distributions are paid in shares of
Stock, the shares shall be
subject to the same restrictions on transferability as the shares
of restricted stock with respect
to which they were paid.

            9.4 Forfeiture. Except as otherwise determined by the Committee or Board,
upon termination of employment or service of a Participant with the
Company, a Subsidiary, or an Affiliate for any reason during the applicable period of
restriction, all shares of restricted stock still subject to restriction shall be forfeited by the
Participant to the Company; provided, however, that the Board may, when it finds that a waiver would be
in the best interests of the

-6-

 

Company, waive in whole or in part any or all remaining restrictions
with respect to shares of restricted stock held by a Participant at such
time.

Section 10. Transferability

            Each Award granted under the Plan shall not be transferable other
than by will or the laws of descent and distribution, except that a
Participant may, to the extent allowed by the Committee and in a manner
specified by the Committee: (a) designate in writing a beneficiary to
exercise the Award after the participant’s death; or (b) transfer any
Award; provided, however, that an incentive stock option may only be
exercised by the Participant during the life of the Participant.

Section 11. Rights of Participants

            Nothing in the Plan shall interfere with or limit in any way the
right of the Company, Subsidiary or Affiliate to terminate any
Participant’s employment or service at any time nor confer upon any
Participant any right to continue in the employ or service of the
Company, Subsidiary or Affiliate.

Section 12. Change of Control

            12.1 Effect of Change of Control. In order to preserve a Participant’s rights
under an Award in the event of a Change of Control, the Board or
Committee in its discretion
may, at the time an Award is made or at anytime thereafter, take
one or more of the following
actions: (a) provide for the acceleration of any time period
relating to the exercise or
realization of the Award; (b) provide for the purchase of the Award
for an amount of cash or
other property that could have been received upon the exercise or
realization of the Award had
the Award been currently exercisable or payable; (c) adjust the
terms of the Award in the
manner determined by the Board or Committee to reflect the Change
of Control; (d) cause the
Award to be assumed, or new right substituted therefor, by another
entity; or (e) make such
other provision as the Board or Committee may consider equitable
and in the best interests of the Company.

            12.2 Amendment or Rescission. Notwithstanding anything contained in this
Section 12, the Board may, in its sole and absolute discretion,
amend, modify or rescind the provisions of this Section 12 if it determines that the operation
of this Section 12 may prevent a transaction in which the Company, a Subsidiary or any Affiliate
is a party from being accounted for on a pooling-of-interests basis, or prevent the
Change of Control from receiving
desired tax treatment, including without limitation requiring that
each Participant receive a
replacement or substitute Award issued by the surviving or
acquiring corporation.

Section 13. Amendment, Modification and Termination of Plan

            13.1
Amendments and Termination. The Board may at any time amend,
alter, suspend, discontinue or terminate the Plan; provided, however,
that stockholder approval of any amendment of the Plan shall be
obtained if (a) required by the Code or any rules

-7-

 

promulgated thereunder, or state or federal law or (b) such amendment
will increase the total number of shares of Stock reserved for issuance
under the Plan. The Committee may at any time amend any outstanding
Award agreement to the extent not inconsistent with any determination
made by the Board; provided, however, that any amendment that decreases
or impairs the rights of a Participant under such agreement shall not be
effective unless consented to by the Participant in writing, except that
Participant consent shall not be required in the event an Award as
amended, adjusted or cancelled under Section 6.3 or Section 12.

            13.2 Term of Plan. Unless terminated earlier by the Board pursuant
to Section 13.1, the Plan shall terminate on, and no Award shall be
granted under the Plan after,
February 15, 2011.

            13.3 Survival Following Termination. Notwithstanding the foregoing, to the
extent provided in the Plan, the authority of (a) the Committee or
Board to amend, alter, adjust, suspend, discontinue or terminate any Award, waive any
conditions or restrictions with respect to any Award, and otherwise administer the Plan and any
Award and (b) the Board to amend the Plan with respect to outstanding awards, shall extend
beyond the date of the Plan’s termination. Termination of the Plan shall not affect the rights of
Participants with respect to Awards previously granted to them, and all unexpired Awards shall
continue in force and
effect after termination of the Plan except as they may lapse or be
terminated by their own
terms and conditions.

Section 14. Taxes

            The Company shall be entitled to withhold from any payment made
hereunder or from any payment otherwise owing to the holder of an Award,
the amount of any tax attributable to any amount payable, or shares of
Stock deliverable, under the Plan, after giving the person entitled to
receive such amount or shares of Stock notice as far in advance as
practicable, and the Company may defer making payment or delivery under
such Award if any such tax may be pending unless and until indemnified
to its satisfaction. The Committee may, in its discretion, permit a
Participant to pay all or a portion of the federal, state and local
withholding taxes arising in connection with the exercise or realization
of an Award by electing to (a) have the Company withhold shares of
Stock, (b) tender back shares of Stock received in connection with such
benefit, or (c) deliver other previously owned shares of Stock, having a
Fair Market Value equal to the amount to be withheld; provided, however,
that the amount to be withheld shall not exceed the Participant’s
statutory minimum total federal, state and local tax obligations
associated with the transaction. The election must be made on or before
the date as of which the amount of tax to be withheld is determined and
otherwise as required by the Committee. The Fair Market Value of
fractional shares of Stock remaining after payment of the withholding
taxes shall be paid to the Participant in cash.

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Section 15. Stock Transfer Restrictions

            15.1 Restriction on Transfer. Shares of Stock issued under the Plan may not
be sold or otherwise disposed of except (a) pursuant to an
effective registration statement
under the Act, or in a transaction which, in the opinion of counsel
for the Company, is exempt
from registration under the Act; and (b) in compliance with state
securities laws. Further, as a
condition to issuance of shares of Stock under the Plan, the
Participant, his beneficiary or his
heirs, legatees or legal representatives, as the case may be, shall
execute and deliver to the
Company a restrictive stock transfer agreement in such form, and
subject to such terms and
conditions, as shall be reasonably determined or approved by the
Committee, which
agreement, among other things, may impose certain restrictions on
the sale or other disposition
of any shares of Stock acquired under the Plan. The Committee may
waive the foregoing
restrictions, in whole or in part, in any particular case or cases
or may terminate such
restrictions whenever the Committee determines that such
restrictions afford no substantial
benefit to the Company.

            15.2 Additional Restrictions; Legends. All shares delivered under the Plan
pursuant to any Award shall be subject to such stock transfer
orders and other restrictions as
the Committee may deem advisable under the Plan and any applicable
federal or state
securities laws, and the Committee may cause a legend or legends to
be put on any certificates
for Shares to make appropriate references to such restrictions.

Section 16. Miscellaneous

            16.1 Other Terms. The grant of any Award under the Plan may also be
subject to other provisions (whether or not applicable to the
benefit awarded to any other
participant) as the Board or Committee determines appropriate,
including, without limitation,
provisions for (a) one or more means to enable Participants to
defer recognition of taxable
income relating to Awards or cash payments derived therefrom, which
means may provide for
a return to a Participant on amounts deferred as determined by the
Board or Committee
(provided that no such deferral means may result in an increase in
the number of shares of
Stock issuable hereunder); (b) the purchase of Stock under options
in installments; (c) the
financing of the purchase of Stock under the options in the form of
a promissory note issued to
the Company by a Participant on such terms and conditions as the
Board or Committee
determines; (d) restrictions on resale or other disposition; and
(e) compliance with federal or
state securities laws and stock exchange or market requirements.

            16.2 No Fractional Shares. No fractional shares or other securities shall be
issued or delivered pursuant to the Plan, and the Committee shall
determine (except as otherwise provided in the Plan) whether cash, other securities or
other property shall be paid or transferred in lieu of any fractional shares or other
securities, or whether such fractional
shares or other securities or any rights thereto shall be canceled,
terminated or otherwise
eliminated.

            16.3 General Restrictions. Notwithstanding any other provision of the Plan,
the Company shall have no liability to deliver any shares of Stock
under the Plan or make any

-9-

 

payment, and may restrict any Participant’s exercise of an option,
unless such exercise, delivery or payment would comply with all
applicable laws and the applicable requirements of any securities
exchange or similar entity. The Company reserves the right to restrict,
in whole or in part, the delivery of Stock pursuant to any Award prior
to the satisfaction of all legal requirements relating to the issuance
of such Stock, their registration, qualification or listing or an
exemption from registration, qualification or listing.

            16.4 Issuance of Certificate. To the extent the Plan provides
for the issuance of shares of Stock, the issuance may be effected on a
non-certificated basis, to the extent not prohibited by applicable law
or the applicable rules of any stock exchange.

Section 17. Legal Construction

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

            17.2 Governing Law. The Plan, and all agreements hereunder, shall be
construed in accordance with and governed by the laws of the State
of Wisconsin, without
reference to any conflict of law principles thereof. Any legal
action or proceeding with
respect to this Plan, any Award or any award agreement, or for
recognition and enforcement
of any judgment in respect thereof, may only be brought and
determined in a court sitting in
the County of Milwaukee in the State of Wisconsin.

            17.3 Severability. If any provision of the Plan or any award agreement or any
Award (a) is or becomes or is deemed to be invalid, illegal or
unenforceable in any
jurisdiction, or as to any person or Award, or (b) would disqualify
the Plan, any award
agreement or any Award under any law deemed applicable by the
Committee, then such
provision shall be construed or deemed amended to conform to
applicable laws, or if it cannot
be so construed or deemed amended without, in the determination of
the Committee,
materially altering the intent of the Plan, award agreement or
Award, such provision shall be
stricken as to such jurisdiction, person or Award, and the
remainder of the Plan, such award
agreement and such Award shall remain in full force and effect.

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