Document:

Exhibit
10.2

STAPLES, INC.

AMENDED AND RESTATED 1992
EQUITY INCENTIVE PLAN

1.     Purpose.

The purpose of this plan (the “Plan”) is to secure for
Staples, Inc. (the “Company”) and its shareholders the benefits arising from
capital stock ownership by employees or officers of, and consultants to, the
Company and its parent and subsidiary corporations who are expected to
contribute to the Company’s future growth and success. Except where the context
otherwise requires, the term “Company” shall include the parent and all present
and future subsidiaries of the Company as defined in Sections 424(e) and 424(f)
of the Internal Revenue Code of 1986, as amended or replaced from time to time
(the “Code”). Those provisions of the Plan which make express reference to
Section 422 shall apply only to Incentive Stock Options (as that term is
defined herein).

2.     Types
of Options and Awards; Administration.

a.  Types of Options and
Awards.   Options granted
pursuant to the Plan shall be authorized by action of the Board of Directors of
the Company (or a Committee designated by the Board of Directors) and may be
either incentive stock options (“Incentive Stock Options”) meeting the
requirements of Section 422 of the Code or non-statutory options which are not
intended to meet the requirements of Section 422 of the Code. Awards of
restricted stock made pursuant to Section 13 of the Plan shall be authorized by
action of the Board of Directors of the Company (or a Committee designated by
the Board of Directors) and shall meet the requirements of Section 13 of the
Plan.

b.  Administration.

i.  The Plan will be administered by the Board of
Directors of the Company, whose construction and interpretation of the terms
and provisions of the Plan shall be final and conclusive. The Board of Directors
may in its sole discretion (x) grant options to purchase shares of common stock
of the Company (“Staples Common Stock”) and issue shares upon exercise of such
options as provided in the Plan and (y) make restricted stock awards pursuant
to Section 13 of the Plan. The Board shall have authority, subject to the
express provisions of the Plan, to construe the respective option agreements,
awards and the Plan, to prescribe, amend and rescind rules and regulations
relating to the Plan, to determine the terms and provisions of the respective
option agreements and restricted stock awards, which need not be identical, and
to make all other determinations in the judgment of the Board of Directors
necessary or desirable for the administration of the Plan. The Board of
Directors may correct any defect or supply any omission or reconcile any
inconsistency in the Plan or in any option agreement or restricted stock award
in the manner and to the extent it shall deem expedient to carry the Plan into
effect and it shall be the sole and final judge of such expediency. No director
or person acting pursuant to authority delegated by the Board of Directors
shall be liable for any action or determination under the Plan made in good
faith.

ii.  The Board of Directors may, to the full extent
permitted by or consistent with applicable laws or regulations and Section 3(b)
of this Plan, delegate any or all of its powers under the Plan to a committee
(the “Committee”) appointed by the Board of Directors, and if the Committee is
so appointed all references to the Board of Directors in the Plan shall mean
and relate to such Committee. Unless all members of the Board of Directors are “outside
directors” within the meaning of Section 162(m) of the Code, as such term is
interpreted from time to time, the Board shall appoint such a Committee of two
or more directors, all of whom are outside directors, and shall delegate to
such Committee all of its powers under the Plan, except that the Board’s
concurrent approval shall be required for any amendment to the Plan which may
be adopted by 

the Committee; and
provided, that any failure of any director or Committee member to satisfy the
definition of outside director shall not invalidate any action taken by the
Board or Committee with respect to any participant in the Plan, whether or not
such person is a “covered employee” within the meaning of Section 162(m) of the
Code, as such term is interpreted from time to time.

c.  Applicability of Rule
16b-3.   Those provisions of
the Plan which make express reference to Rule 16b-3 promulgated under the
Securities and Exchange Act of 1934 (the “Exchange Act”) or, any successor
rules (“Rule 16b-3”) or which are required in order for certain option
transactions to qualify for exemption under Rule 16b-3 shall apply only to such
persons as are required to file reports under Section 16(a) of the Exchange Act
(a “Reporting Person”).

3.     Eligibility.

Options and restricted stock awards may be granted or
made to persons who are, at the time of grant, employees or officers of the
Company (including any persons who have entered into an agreement with the
Company under which they will be employed by the Company in the future) or
consultants to the Company; provided, that
the class of employees to whom Incentive Stock Options may be granted shall be
limited to employees of the Company. A person who has been granted an option or
award may, if he or she is otherwise eligible, be granted additional options or
awards if the Board of Directors shall so determine; provided
, that the maximum number of shares for which options or restricted stock
awards may be granted to any one employee during any fiscal year shall be
3,037,500 shares, subject to adjustment as provided in Section 15 below.

4.     Stock Subject to Plan.

Subject to adjustment as provided in Section 15 below,
the maximum number of shares of Staples Common Stock which may be issued and
sold under the Plan is 124,300,000 shares(1) of Staples Common Stock. Except as
prohibited by Rule 16b-3, (i) if an option granted under the Plan shall expire
or terminate for any reason without having been exercised in full, the
unpurchased shares subject to such option shall again be available for
subsequent option grants or awards under the Plan and (ii) if restricted stock
awarded under the Plan shall be repurchased by the Company, the repurchased
shares subject to such award shall again be available for subsequent option
grants or awards under the Plan.

5.     Forms of Option Agreements.

As a condition to the grant of an option under the Plan,
each recipient of an option shall execute an option agreement in such form not
inconsistent with the Plan as may be approved by the Board of Directors. Such
option agreements may differ among recipients.

6.     Purchase Price Upon Exercise
of Options.

a.  General.   Subject to Section 3(b), the
purchase price per share of stock deliverable upon the exercise of an option
shall be determined by the Board of Directors but shall in no event be less
than 100% of the fair market value of such stock, as determined by the Board of
Directors, at the time of grant of such option, or, in the case of an Incentive
Stock Option described in Section 11(b), be less than 110% of such fair market
value.

b.  Payment of Purchase
Price.   Options granted under
the Plan may provide for the payment of the exercise price by delivery of cash
or a check to the order of the Company in an amount equal to the exercise price
of such options, or, to the extent provided in the applicable option agreement,
(i) by delivery to the Company of shares of Staples Common Stock already owned
by the optionee having a fair market value equal in amount to the exercise
price of the options being exercised, (ii) by any other 

(1) Adjusted for stock splits through April 5, 2000

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means (including, without
limitation, by delivery of a promissory note of the optionee payable on such
terms as are specified by the Board of Directors) which the Board of Directors
determines are consistent with the purpose of the Plan and with applicable laws
and regulations (including, without limitation, the provisions of Rule 16b-3
and Regulation T promulgated by the Federal Reserve Board) or (iii) by any
combination of such methods of payment. The fair market value of any shares of
Staples Common Stock or other non-cash consideration which may be delivered
upon exercise of an option shall be determined in such manner as may be
prescribed by the Board of Directors.

7.     Option Period.

Each option and all rights thereunder shall expire on
such date as shall be set forth in the applicable option agreement, except
that, in the case of an Incentive Stock Option, such date shall not be later
than ten years after the date on which the option is granted (or five years in
the case of options described in Section 11(b)), and, in the case of
non-statutory options, in no event after the expiration of ten years plus 30
days from the date on which the option is granted, and, in either case, options
shall be subject to earlier termination as provided in the Plan.

8.     Exercise of Options.

Each option granted under the Plan shall be
exercisable either in full or in installments at such time or times and during
such period as shall be set forth in the agreement evidencing such option,
subject to the provisions of the Plan.

9.     Nontransferability of Options.

Except as otherwise provided by the Board of Directors
or by will or the laws of descent and distribution, no option granted under the
Plan shall be assignable or transferable by the person to whom it is granted,
either voluntarily or by operation of law. During the life of the optionee, the
options shall be exercisable only by the optionee. Notwithstanding the
foregoing, non-statutory options may be transferred pursuant to a qualified
domestic relations order (as defined in Rule 16b-3).

10.  Effect of Termination of
Employment or Other Relationship.

Except as provided in Section 11(d) with respect to
Incentive Stock Options, and subject to the provisions of the Plan, the Board
of Directors shall determine the period of time during which an optionee may
exercise an option following (i) the termination of the optionee’s employment
or other relationship with the Company or (ii) the death or disability of the
optionee. Such periods shall be set forth in the agreement evidencing such
option.

11.  Incentive Stock Options.

Options granted under the Plan which are intended to
be Incentive Stock Options shall be subject to the following additional terms
and conditions:

a.  Express Designation.   All Incentive Stock Options
granted under the Plan shall, at the time of grant, be specifically designated
as such in the option agreement covering such Incentive Stock Options.

b.  10% Shareholder.   If any employee to whom an
Incentive Stock Option is to be granted under the Plan is, at the time of the
grant of such option, the owner of stock possessing more than 10% of the total
combined voting power of all classes of stock of the Company (after taking into
account the attribution of stock ownership rules of Section 424(d) of the
Code), then the following special provisions shall be applicable to the
Incentive Stock Option granted to such individual:

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i.  The purchase price per share of  Staples Common Stock subject to such
Incentive Stock Option shall not be less than 110% of the fair market value of
one share of Staples Common Stock at the time of grant; and

ii.  The option exercise period shall not exceed
five years from the date of grant.

c.  Dollar Limitation.   For so long as the Code shall so
provide, options granted to any employee under the Plan (and any other incentive
stock option plans of the Company) which are intended to constitute Incentive
Stock Options shall not constitute Incentive Stock Options to the extent that
such options, in the aggregate, become exercisable for the first time in any
one calendar year for shares of Staples Common Stock with an aggregate fair
market value (determined as of the respective date or dates of grant) of more
than $100,000.

d.  Determination of
Employment, Death or Disability.   No
Incentive Stock Option may be exercised unless, at the time of such exercise,
the optionee is, and has been continuously since the date of grant of his or
her option, employed by the Company, except that:

i.  an Incentive Stock Option may be exercised
within the period of three months after the date the optionee ceases to be an
employee of the Company (or within such lesser period as may be specified in
the applicable option agreement), provided, that
the agreement with respect to such option may designate a longer exercise
period and that the exercise after such three-month period shall be treated as
the exercise of a non-statutory option under the Plan;

ii.  if the optionee dies while in the employ of
the Company, or within three months after the optionee ceases to be such an
employee, the Incentive Stock Option may be exercised by the person to whom it
is transferred by will or the laws of descent and distribution within the
period of one year after the date of death (or within such lesser period as may
be specified in the applicable option agreement); and

iii.  if the optionee becomes disabled (within the
meaning of Section 22(e)(3) of the Code or any successor provision thereto)
while in the employ of the Company, the Incentive Stock Option may be exercised
within the period of one year after the date the optionee ceases to be such an
employee because of such disability (or within such lesser period as may be
specified in the applicable option agreement).

For all purposes of the Plan and any option or
restricted stock award granted hereunder, “employment” shall be defined in
accordance with the provisions of Section 1.421-7(h) of the Income Tax
Regulations (or any successor regulations). Notwithstanding the foregoing
provisions, no stock option may be exercised after its expiration date.

12.  Additional Provisions.

a.  Additional Option
Provisions.   The Board of
Directors may, in its sole discretion, include additional provisions in option
agreements covering options granted under the Plan, including without
limitation restrictions on transfer, repurchase rights, commitments to pay cash
bonuses, to make, arrange for or guaranty loans or to transfer other property
to optionees upon exercise of options, or such other provisions as shall be
determined by the Board of Directors; provided that such
additional provisions shall not be inconsistent with any other term or
condition of the Plan and such additional provisions shall not cause any
Incentive Stock Option granted under the Plan to fail to qualify as an
Incentive Stock Option within the meaning of Section 422 of the Code.

b.  Acceleration, Extension,
Etc.   The Board of Directors
may, in its sole discretion, (i) accelerate the date or dates on which all or
any particular option or options granted under the Plan may be exercised or
(ii) extend the dates during which all, or any particular, option or options
granted under 

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the Plan may be
exercised; provided, however, that no such
extension shall be permitted if it would cause the Plan to fail to comply with
Section 422 of the Code or with Rule 16b-3.

13.  Awards.

A restricted stock award (“award”) shall consist of
the issuance by the Company of shares of Staples Common Stock , and purchase by
the recipient of such shares, subject to the terms, conditions and restrictions
described in the document evidencing the award and in this Section 13 and
elsewhere in the Plan.

a.  Execution of Restricted
Stock Award Agreement.   As a
condition to an award under the Plan, each recipient of an award shall execute
an agreement in such form, which may differ among recipients, as shall be
specified by the Board of Directors at the time of such award.

b.  Price.   The Board of Directors shall
determine the price at which shares of Staples Common Stock shall be sold to
recipients of awards under the Plan. The Board of Directors may, in its
discretion, issue shares pursuant to awards without the payment of any cash
purchase price by the recipients (in which case the “price per share originally
paid” for purposes of Section 13(d)(3) below shall be zero) or issue shares
pursuant to awards at a purchase price below the then fair market value  of Staples Common Stock. If a purchase price
is required to be paid, it shall be paid in cash or by check payable to the
order of the Company at the time that the award is accepted by the recipient,
or by such other means as may be approved by the Board of Directors.

c.  Number of Shares.   The award shall specify the
number of shares of Staples Common Stock issued thereunder.

d.  Restrictions on
Transfer.   In addition to
such other terms, conditions and restrictions upon awards as shall be imposed
by the Board of Directors, all shares issued pursuant to an award shall be
subject to the following restrictions:

i.  All shares of Staples Common Stock subject to
an award (including any shares issued pursuant to paragraph (e) of this
Section) shall be subject to certain restrictions on disposition and
obligations of resale to the Company as provided in subparagraph (ii) below for
the period specified in the document evidencing the award, and, except as
otherwise provided by the Board of Directors, shall not be sold, assigned,
transferred, pledged, hypothecated or otherwise disposed of until such
restrictions lapse. The period during which such restrictions are applicable is
referred to as the “Restricted Period.” 
Notwithstanding the foregoing, the Restricted Period on (i) stock awards
that vest based on performance shall not vest earlier than the first
anniversary of  the date of grant and
(ii) stock awards that vest based on the passage of time alone will vest no
earlier than the third anniversary of the date of grant.

ii.  In the event that a recipient’s employment
with the Company is terminated within the Restricted Period, whether such
termination is voluntary or involuntary, with or without cause, or because of
the death or disability of the recipient, the Company shall have the right and
option for a period of three months following such termination to buy for cash
that number of the shares of Staples Common Stock purchased under the award as to
which the restrictions on transfer and the forfeiture provisions contained in
the award have not then lapsed, at a price equal to the price per share
originally paid by the recipient. If such termination occurs within the last
three months of the applicable restrictions, the restrictions and repurchase
rights of the Company shall continue to apply until the expiration of the
Company’s three month option period.

iii.  Notwithstanding subparagraphs (i) and (ii)
above, the Board of Directors may, in its discretion, either at the time that
an award is made or at any time thereafter, waive its right to repurchase
shares of Staples Common Stock upon the occurrence of any of the events
described in this paragraph (d) or remove or modify any part or all of the restrictions
provided that the 

 5
 

Board may  only exercise such rights in extraordinary
circumstances which shall include, without limitation, death or disability of
the employee; estate planning needs of the employee; a merger, consolidation,
sale, reorganization, recapitalization, or change in control of the Company or
any other nonrecurring significant event affecting the Company, an employee or
the Plan. In addition, the Board of Directors may, in its discretion, impose
upon the recipient of an award at the time of such award such other
restrictions on any shares of Staples Common Stock issued pursuant to such
award as the Board of Directors may deem advisable.

e.  Additional Shares.   Any shares received by a
recipient of an award as a stock dividend on, or as a result of stock splits,
combinations, exchanges of shares, reorganizations, mergers, consolidations or
otherwise with respect to, shares of Staples Common Stock received pursuant to
such award shall have the same status and shall bear the same restrictions, all
on a proportionate basis, as the shares initially purchased pursuant to such
award.

f.  Transfers in Breach of
Award.   If any transfer of
shares purchased pursuant to an award is made or attempted contrary to the
terms of the Plan and of such award, the Board of Directors shall have the
right to purchase for the account of the Company those shares from the owner
thereof or his or her transferee at any time before or after the transfer at
the price paid for such shares by the person to whom they were awarded under
the Plan. In addition to any other legal or equitable remedies which it may
have, the Company may enforce its rights by specific performance to the extent
permitted by law. The Company may refuse for any purpose to recognize as a
shareholder of the Company any transferee who receives any shares contrary to
the provisions of the Plan and the applicable award or any recipient of an
award who breaches his or her obligation to resell shares as required by the
provisions of the Plan and the applicable award, and the Company may retain
and/or recover all dividends on such shares which were paid or payable
subsequent to the date on which the prohibited transfer or breach was made or
attempted.

g.  Additional Award
Provisions.   The Board of
Directors may, in its sole discretion, include additional provisions in any
award granted under the Plan as shall be determined by the Board of Directors.

14.  Rights as a Shareholder.

The holder of an option or recipient of an award shall
have no rights as a shareholder with respect to any shares covered by the
option or award (including, without limitation, any rights to receive dividends
or non-cash distributions with respect to such shares) until the date of issue
of a stock certificate to him or her for such shares. No adjustment shall be
made for dividends or other rights for which the record date is prior to the
date such stock certificate is issued. 
Notwithstanding the foregoing, in the event the Company effects a split
of Staples Common Stock by means of a stock dividend and the exercise price of
and the number of shares subject to such Option are adjusted as of the date of
the distribution of the dividend (rather than as of the record date for such
dividend), then an optionee who exercises an Option between the record date and
the distribution date for such stock dividend shall be entitled to receive, on
the distribution date, the stock dividend with respect to the shares of Staples
Common Stock acquired upon such Option exercise, notwithstanding the fact that
such shares were not outstanding as of the close of business on the record date
for such stock dividend.

 6
 

15.  Adjustment Provisions for Recapitalizations and Related
Transactions.

a.  General.   If, through or as a result of any
merger, consolidation, sale of all or substantially all of the assets of the
Company, reorganization, recapitalization, reclassification, stock dividend,
stock split, reverse stock split or other similar transaction, (i) the
outstanding shares of Staples Common Stock are increased or decreased or are
exchanged for a different number or kind of shares or other securities of the
Company, or (ii) additional shares or new or different shares or other
securities of the Company or other non-cash assets are distributed with respect
to such shares of Staples Common Stock or other securities, a proportionate
adjustment shall be made in (w) the maximum number of shares for which awards
may be granted to any one employee during any fiscal year, as set forth in the
last sentence of Section 3, (x) the maximum number and kind of shares reserved
for issuance under the Plan, (y) the number and kind of shares or other
securities subject to any then outstanding options under the Plan, and (z) the
price for each share subject to any then outstanding options under the Plan or
repurchase rights of the Company, without changing the aggregate purchase price
as to which such options or repurchase rights remain exercisable.
Notwithstanding the foregoing, no adjustment shall be made pursuant to this
Section 15 if such adjustment would cause the Plan to fail to comply with
Section 422 of the Code or with Rule 16b-3.

b.  Board
Authority to Make Adjustments.   Any
adjustments under this Section 15 shall be made by the Board of Directors.  No fractional shares will be issued under the
Plan on account of any such adjustments.

16.  Merger, Consolidation, Asset
Sale, Liquidation, etc.

a.  General.   In the event of a consolidation
or merger or sale of all or substantially all of the assets of the Company in
which outstanding shares of Staples Common Stock are exchanged for securities,
cash or other property of any other corporation or business entity or in the
event of a liquidation of the Company, the Board of Directors of the Company,
or the board of directors of any corporation assuming the obligations of the
Company, may, in its discretion, take any one or more of the following actions,
as to outstanding options of Staples Common Stock: (i) provide that such
options shall be assumed, or equivalent options shall be substituted, by the
acquiring or succeeding corporation (or an affiliate thereof), provided that any such options substituted for Incentive
Stock Options shall meet the requirements of Section 424(a) of the Code, (ii)
upon written notice to the optionees, provide that all unexercised options will
terminate immediately prior to the consummation of such transaction unless
exercised by the optionee within a specified period following the date of such
notice, (iii) in the event of a merger under the terms of which holders of
Staples Common Stock will receive upon consummation thereof a cash payment for
each share surrendered in the merger (the “Merger Price”), make or provide for
a cash payment to such optionees equal to the difference between (A) the Merger
Price times the number of shares of Staples Common Stock subject to such
outstanding options (to the extent then exercisable at prices not in excess of
the Merger Price) and (B) the aggregate exercise price of all such outstanding
options in exchange for the termination of such options, and (iv) provide that
all or any such outstanding options shall become exercisable in full
immediately prior to such event.

b.  Substitute Options.   The Company may grant options
under the Plan in substitution for options held by employees of another
corporation who become employees of the Company, or a subsidiary of the
Company, as the result of a merger or consolidation of the employing
corporation with the Company or a subsidiary of the Company, or as a result of
the acquisition by the Company, or one of its subsidiaries, of property or
stock of the employing corporation. The Company may direct that substitute
options be granted on such terms and conditions as the Board of Directors
considers appropriate in the circumstances so long as the ratio of the option
exercise price to the fair market value of the stock for the substitute option
is no more favorable to the optionee than the ratio of the option exercise
price to the fair market value of the original option immediately before such
substitution.

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17.  No Special Employment Rights.

Nothing contained in the Plan or in any option or
award shall confer upon any optionee or any recipient of an award any right
with respect to the continuation of his or her employment by the Company or
consulting relationship with the Company or interfere in any way with the right
of the Company at any time to terminate such employment or consulting
relationship or to increase or decrease the compensation of the optionee.

18.  Other Employee Benefits.

Except as to plans which by their terms include such
amounts as compensation, neither the amount of any compensation deemed to be
received by an employee as a result of the exercise of an option or the sale of
shares received upon such exercise nor the value of an award granted to an
employee will constitute compensation with respect to which any other employee
benefits of such employee are determined, including, without limitation,
benefits under any bonus, pension, profit-sharing, life insurance or salary
continuation plan, except as otherwise specifically determined by the Board of
Directors.

19.  Amendment of the Plan.

a.  The Board of Directors may at any time, and
from time to time, modify or amend the Plan in any respect, provided, however,
that without approval of the stockholders of the Company, no amendment may (i)
increase the number of shares covered by the Plan, (ii) materially increase the
benefits provided under the Plan or (iii) add a class of participants to the
Plan.  In addition, if at any time the
approval of the shareholders of the Company is required as to any other  modification or amendment under Section 422
of the Code or any successor provision with respect to Incentive Stock Options,
or under Rule 16b-3, the Board of Directors may not effect such modification or
amendment without such approval.

b.   The termination or any modification or
amendment of the Plan shall not, without the consent of an optionee or
recipient of an award, affect his or her rights under an option or award previously
granted to him or her. With the consent of the optionee or recipient of an
award affected, the Board of Directors may amend outstanding option agreements
or awards in a manner not inconsistent with the Plan. The Board of Directors
shall have the right to amend or modify (i) the terms and provisions of the
Plan and of any outstanding Incentive Stock Options granted under the Plan to
the extent necessary to qualify any or all such options for such favorable
federal income tax treatment (including deferral of taxation upon exercise) as
may be afforded incentive stock options under Section 422 of the Code and (ii)
the terms and provisions of the Plan and of any outstanding option or award to
the extent necessary to ensure the qualification of the Plan under Rule 16b-3
or is required to ensure that any compensation attributable to any option under
the Plan is deductible by the Company for federal income tax purposes under
Section 162(m), or any successor rule.

20.  Withholding.

a.  The Company shall have the right to deduct
from payments of any kind otherwise due to the optionee or recipient of an
award any federal, state or local taxes of any kind required by law to be
withheld with respect to any shares issued upon exercise of options under the
Plan or upon the expiration or termination of the Restricted Period relating to
shares subject to the award. Subject to the prior approval of the Company,
which may be withheld by the Company in its sole discretion, the optionee or
recipient of an award may elect to satisfy such obligations, in whole or in
part, (i) by causing the Company to withhold shares of Staples Common Stock
otherwise issuable pursuant to the exercise of an option or upon the expiration
or termination of the Restricted Period relating to shares subject to the award
or (ii) by delivering to the Company shares of Staples Common Stock already
owned by the optionee or award recipient. The shares so delivered or withheld
shall have a fair market value equal to such withholding obligation. The fair market
value of the shares used to satisfy such withholding obligation shall be
determined by the Company as of the date that the amount of tax to be withheld
is to be determined. An optionee or award recipient who has made an election
pursuant to this 

 8
 

Section 20(a) may only
satisfy his or her withholding obligation with shares of Staples Common Stock
which are not subject to any repurchase, forfeiture, unfulfilled vesting or
other similar requirements.

b.  Notwithstanding the foregoing, in the case of
a Reporting Person, no election to use shares for the payment of withholding
taxes shall be effective unless made in compliance with any applicable
requirements of Rule 16b-3 (unless it is intended that the transaction not
qualify for exemption under Rule 16b-3).

c.  If the recipient of an award under the Plan
elects, in accordance with Section 83(b) of the Code, to recognize ordinary
income in the year of acquisition of any shares awarded under the Plan, the
Company will require at the time of such election an additional payment for
withholding tax purposes based on the difference, if any, between the purchase
price of such shares and the fair market value of such shares as of the date
immediately preceding the date of the award.

21.  Cancellation and New Grant of
Options, Etc.

Subject to the approval of the stockholders of the
Company, the Board of Directors shall have the authority to effect, with the
consent of the affected optionees, (i) the cancellation of any or all
outstanding options under the Plan and the grant in substitution therefor of
new options under the Plan covering the same or different numbers of shares of
Staples Common Stock  and having an
option exercise price per share which may be lower or higher than the exercise
price per share of the cancelled options or (ii) the amendment of the terms of
any and all outstanding options under the Plan to provide an option exercise
price per share which is higher or lower than the then-current exercise price
per share of such outstanding options.

22.  Effective Date and Duration of
the Plan.

a.  Effective Date.   The Plan shall become effective
when adopted by the Board of Directors, but no Incentive Stock Option granted
under the Plan shall become exercisable unless and until the Plan shall have
been approved by the Company’s shareholders. If such shareholder approval is
not obtained within twelve months after the date of the Board’s adoption of the
Plan, no options previously granted under the Plan shall be deemed to be
Incentive Stock Options and no Incentive Stock Options shall be granted
thereafter. Amendments to the Plan not requiring shareholder approval shall
become effective when adopted by the Board of Directors; amendments requiring
shareholder approval (as provided in Section 19) shall become effective when
adopted by the Board of Directors, but no Incentive Stock Option granted after
the date of such amendment shall become exercisable (to the extent that such
amendment to the Plan was required to enable the Company to grant such
Incentive Stock Option to a particular optionee) unless and until such
amendment shall have been approved by the Company’s shareholders. If such
shareholder approval is not obtained within twelve months of the Board’s
adoption of such amendment, any Incentive Stock Options granted on or after the
date of such amendment shall terminate to the extent that such amendment to the
Plan was required to enable the Company to grant such option to a particular
optionee. Subject to this limitation, options may be granted under the Plan at
any time after the effective date and before the date fixed for termination of
the Plan.

b.  Termination.   Unless sooner terminated in
accordance with Section 16, the Plan shall terminate, with respect to Incentive
Stock Options, upon the earlier of (i) the close of business on the day next
preceding the tenth anniversary of the date of its adoption by the Board of
Directors, or (ii) the date on which all shares available for issuance under
the Plan shall have been issued pursuant to the exercise or cancellation of
options granted under the Plan or the grant of awards. Unless sooner terminated
in accordance with Section 16, the Plan shall terminate with respect to awards
and options which are not Incentive Stock Options on the date specified in (ii)
above. If the date of termination is determined under (i) above, then options
outstanding on such date shall continue to have force and effect in accordance
with the provisions of the instruments evidencing such options.

 9
 

23.  Provision for Foreign
Participants.

The Board of Directors may, without amending the Plan,
modify awards or options granted to participants who are foreign nationals or
employed outside the United States to recognize differences in laws, rules,
regulations or customs of such foreign jurisdictions with respect to tax,
securities, currency, employee benefit or other matters.

	
   

  	
  Adopted by the Board of Directors on April 16,
  1992 and approved by the stockholders on June 18, 1992; amended by the Board
  of Directors on March 25, 1993 and approved by the stockholders on June 25,
  1993; as further amended by the Board of Directors on June 25, 1993, which
  amendment did not require stockholder approval; as further amended, restated
  and renamed by the Board of Directors on April 27, 1994, and approved by the
  stockholders on June 30, 1994; as further amended on September 3, 1996, and
  approved by the stockholders on June 18, 1997; as further amended on
  September 14, 1999, and approved by stockholders on  November 9, 1999; as further amended by the
  Board of Directors on March 7, 2000; as further amended by the Board of
  Directors on August 27, 2001 and March 6, 2007.

  

 

 10Exhibit
10.3

STAPLES, INC.

AMENDED AND RESTATED 1990 DIRECTOR STOCK OPTION PLAN

1.      Purpose.

The purpose of this
Amended and Restated 1990 Director Stock Option Plan (the “Plan”) of Staples,
Inc. (the “Company”) is to encourage ownership in the Company by the Company’s
outside directors, whose continued services the Company considers essential to
its future progress, and to provide these individuals with a further incentive
to remain as directors of the Company.

2.     Administration.

The Board of Directors
shall supervise and administer the Plan. Grants of stock options (“Options”)
and awards of restricted stock under the Plan and the amount and nature of the
Options and restricted stock to be granted shall be made by the Board of
Directors in accordance with Section 4. All questions concerning interpretation
of the Plan or any Options or restricted stock issued under it shall be
resolved by the Board of Directors and such resolution shall be final and
binding upon all persons having an interest in the Plan.

3.     Participation in the Plan.

Directors of the Company
who are not employees of the Company or any subsidiary of the Company (“outside
directors”) shall be eligible to receive Options and restricted stock under the
Plan.

4.     Terms, Conditions and Form of
Options and Restricted Stock.

All Options and
restricted stock granted under the Plan shall be evidenced by a written
agreement in such form as the Board of Directors shall from time to time
approve, which agreements shall comply with and be subject to the following
terms and conditions.

(a)           Stock Subject to
Plan.   Options and restricted stock may
be granted under the Plan with respect to Staples common stock (“Staples Common
Stock”). Subject to adjustment as provided in the Plan, the maximum number of
shares of Staples Common Stock which may be issued under the Plan is 3,350,000
shares. All Options or restricted stock granted under the Plan, as provided
below, shall be granted with respect to 
Staples Common Stock,  If an
Option shall expire or terminate for any reason without having been exercised
in full, the unpurchased shares subject to such Option shall again be available
for subsequent Option grants or restricted stock under the Plan; and if the
shares subject to restricted stock shall be repurchased by the Company, the
repurchased shares shall again be available for subsequent Option grants or
restricted stock under the Plan.

(b)           Grants of Options and
restricted stock.

(i)  Initial
Option Grant. An Option to purchase 15,000 shares of Staples Common
Stock  shall be granted automatically to
outside directors who are initially elected to the Board of Directors
subsequent to the approval of the Plan by the Company’s stockholders at the
close of business on the date of such director’s initial election to the Board
of Directors.

(ii) Annual
Option Grants.

 On the
date of the first regularly scheduled Board of Directors meeting following the
end of each fiscal year of the Company, commencing with the fiscal year ending
January 30, 1999, an Option shall be granted automatically to each outside
director to purchase a number of shares of Staples Common Stock equal to 3,000
multiplied by the number of regularly scheduled meeting days of the Board of
Directors attended by such director in the previous 12 months (up to a maximum
of 15,000 shares).

(iii)                Annual Awards of Restricted Stock. On the date that
performance accelerated restricted stock for any year is awarded to executive
officers,  (x) the Company shall grant to
each outside director 400 shares of restricted stock for each regularly
scheduled meeting day of the Board of Directors attended by such director in
the previous fiscal year (up to a maximum of 2,000  shares of restricted stock) and  (y) in addition, the Company shall grant to
the Lead Director and the Chairman of each of the Audit, Compensation, and
Governance Committees of the Board of Directors 200  shares of restricted stock for each regularly
scheduled meeting day of the Board of Directors attended by such director in
the previous fiscal year (up to a maximum of 1,000  shares of restricted stock).

(c)           Terms of Options.

(i)  Option
Exercise Price.   The option
exercise price per share for each Option granted under the Plan shall be equal
to the last reported sale price per share of Staples Common Stock on the Nasdaq
National Market on the date of grant (or, if no such price is reported on such
date, such price as is reported on the nearest preceding date).

(ii) Nature of
Options.  All Options granted
under the Plan shall be nonstatutory options not entitled to special tax
treatment under Section 422 of the Internal Revenue Code of 1986, as amended
(the “Code”).

(iii)                Vesting.  Except as
otherwise provided in the Plan, (A) each Option to purchase shares of Staples
Common Stock shall become exercisable, on a cumulative basis, in four equal
annual installments on each of the first, second, third and fourth anniversary
dates of its date of grant, provided the optionee continues to serve as a
director of the Company on such dates. (Notwithstanding the foregoing, each
outstanding Option shall immediately become exercisable in full in the event
(A) a Change in Control (as defined in Section 8) of the Company occurs or (B)
the optionee ceases to serve as a director of the Company due to his or her
death, disability (within the meaning of Section 22(e)(3) of the Code or any
successor provision) or retires pursuant to a retirement policy adopted by the
Company.

(iv)                Option Exercise Procedure.   An
Option may be exercised only by written notice to the Company at its principal
office accompanied by payment in cash of the exercise price with respect to the
Option being exercised or by the tender (actual or constructive) of shares of
Staples Common Stock owned by the director having a value as of the date of
exercise equal to the exercise price. In the case of a constructive tender of
shares of Staples Common Stock, the optionee and the Company may enter into an
agreement to defer until an agreed-upon date the issuance, transfer and
delivery of shares of Staples Common Stock with a value equal to the difference
between the fair market value of the Staples Common Stock on the date of
exercise and the exercise price of the Option being exercised. The Board of
Directors may impose such restrictions on the tender of shares as it deems
appropriate.

(v) Termination.   Each Option shall terminate, and
may no longer be exercised, on the date six months after the optionee ceases to
serve as a director of the Company; provided that, in the event (A) an optionee
ceases to serve as a director due to his or her death or disability (within the
meaning of Section 22(e)(3) of the Code or any successor provision), or (B) an
optionee dies within six months after he or she ceases to serve as a director
of the Company, then the exercisable portion of the Option may be exercised,
within the period of one year following the date the optionee ceases to serve
as a director, by the optionee or by the person to whom the Option is
transferred by will, by the laws of descent and distribution, or by written notice

 2
 

pursuant to Section 4(c)(vii).
Notwithstanding the foregoing, each Option shall terminate, and may no longer
be exercised, on the date 10 years after the date of grant.

(vi)                Options Nontransferable.   Except
as otherwise provided by the Board of Directors, each Option granted under the
Plan by its terms shall not be transferable by the optionee otherwise than by
will or the laws of descent and distribution, and shall be exercised during the
lifetime of the optionee only by the optionee or his or her legal
representative. No Option or interest therein may be transferred, assigned,
pledged or hypothecated by the optionee during his or her lifetime, whether by
operation of law or otherwise, or be made subject to execution, attachment or
similar process.

(vii)               Option Exercise by Representative Following Death of Director.   An optionee, by written notice to
the Company, may designate one or more persons (and from time to time change
such designation), including his or her legal representative, who, by reason of
the optionee’s death, shall acquire the right to exercise all or a portion of
the Option. If the person or persons so designated wish to exercise any portion
of the Option, they must do so within the term of the Option as provided
herein. Any exercise by a representative shall be subject to the provisions of
the Plan.

(d)           Terms of Restricted Stock.

(i)  Nature of
Restricted Stock.   All
restricted stock hereunder shall consist of the issuance by the Company of
shares of Staples Common Stock or an agreement for the future delivery of
shares of Staples Common Stock at an agreed-upon date (“Restricted Stock  Deferred Units”) and the purchase by the
recipient thereof of such shares, subject to the terms, conditions and
restrictions described in the document evidencing the restricted stock and in
this Plan.

(ii) Execution of
Restricted Stock Agreement.   In
the case of the actual issuance of Staples Common Stock, the Company shall,
upon the date of the restricted stock grant, issue the shares of Staples Common
Stock subject to the restricted stock by registering such shares in book entry
form with the Company’s transfer agent in the name of the recipient. No
certificate(s) representing all or a part of such shares shall be issued until
the conclusion of the vesting period described in paragraph (iv) below.

(iii)                Price.   Except as
otherwise determined by the Board of Directors, all restricted stock issued
hereunder shall be issued without the payment of any cash purchase price by the
recipients (in which case the “price per share originally paid” for purposes of
clause (2) of paragraph (v) below shall be zero).

(iv)                Vesting.   Except as
otherwise provided in the Plan, the restrictions on transfer and the forfeiture
provisions of each  share of restricted
stock shall lapse five years from the first day of the fiscal year during which
the restricted stock is granted. 
Notwithstanding the foregoing, the restrictions on transfer and the
forfeiture provisions of all restricted stock granted under this Plan shall
immediately lapse in the event (A) a Change in Control of the Company occurs,
or (B) the recipient ceases to serve as a director of the Company due to his or
her death, disability (within the meaning of Section 22(e)(3) of the Code or
any successor provision) or retires pursuant to a retirement policy adopted by
the Company.

(v) Restrictions
on Transfer.   In addition to
such other terms, conditions and restrictions on restricted stock contained in
the Plan or the applicable restricted stock Agreement, all restricted stock
shall be subject to the following restrictions:

 3
 

(1)         No  shares of restricted stock shall be sold,
assigned, transferred, pledged, hypothecated or otherwise disposed of until
they become vested pursuant to paragraph (iv) above. The period during which
such restrictions are applicable is referred to as the “Restricted Period.”

(2)         Except as set forth in
the last sentence of paragraph (iv) above, if a recipient ceases to be a
director of the Company within the Restricted Period for any reason, the
Company shall have the right and option for a period of three months following
the date of such cessation to buy for cash that number of  shares of restricted stock as to which the
restrictions on transfer and the forfeiture provisions contained in the  shares of restricted stock have not then
lapsed, at a price equal to the price per share originally paid by the
recipient. If such cessation occurs within the last three months of the
applicable Restricted Period, the restrictions and repurchase rights of the
Company shall continue to apply until the expiration of the Company’s three
month option period.

(3)         Notwithstanding
subparagraphs (1) and (2) above, the Board of Directors may, in its discretion,
either at the time that  shares of
restricted stock are awarded or at any time thereafter, waive the Company’s
right to repurchase shares of Staples Common Stock or Restricted Stock Deferred
Units upon the occurrence of any of the events described in this paragraph (v)
or remove or modify any part or all of the restrictions. In addition, the Board
of Directors may, in its discretion, impose upon the recipient of restricted
stock at the time that such  shares of
restricted stock are granted such other restrictions on any restricted stock as
the Board of Directors may deem advisable.

(vi)                Additional Shares.   Any
shares received by a recipient of restricted stock as a stock dividend or any
Restricted Stock Deferred Units received in respect of a stock dividend, or as
a result of stock splits, combinations, exchanges of shares, reorganizations,
mergers, consolidations or otherwise with respect to such restricted stock
shall have the same status and shall bear the same restrictions, all on a
proportionate basis, as the shares or Restricted Stock Deferred Units initially
subject to such.

(vii)               Transfers in Breach of Restricted Stock.   If any transfer of restricted
stock is made or attempted contrary to the terms of the Plan and of such
restricted stock, the Board of Directors shall have the right to purchase for
the account of the Company those shares from the owner thereof or his or her
transferee at any time before or after the transfer at the price paid for such
shares by the person to whom they were awarded under the Plan. In addition to
any other legal or equitable remedies which it may have, the Company may
enforce its rights by specific performance to the extent permitted by law. The
Company may refuse for any purpose to recognize as a shareholder of the Company
any transferee who receives any shares contrary to the provisions of the Plan
and the applicable restricted stock or any recipient of restricted stock who
breaches his or her obligation to resell shares as required by the provisions
of the Plan and the applicable restricted stock, and the Company may retain
and/or recover all dividends on such shares which were paid or payable
subsequent to the date on which the prohibited transfer or breach was made or
attempted.

(viii)               Additional
Restricted Stock Provisions.   The
Board of Directors may, in its sole discretion, include additional provisions
in any restricted stock granted under the Plan.

 4
 

5.     Limitation of Rights.

(a)           No Right to Continue as a Director.   Neither the Plan, nor the
granting of an Option or restricted stock nor any other action taken pursuant
to the Plan, shall constitute or be evidence of any agreement or understanding,
express or implied, that the Company will retain the optionee or recipient of
restricted stock as a director for any period of time.

(b)           Rights as a Stockholder.

(i)  Options.   An optionee shall have no rights
as a stockholder with respect to the shares covered by his or her Option until
the date of the issuance to him or her of a stock certificate therefor, and no
adjustment will be made for dividends or other rights (except as provided in
Section 6) for which the record date is prior to the date such certificate is
issued.

(ii) Restricted
Stock.   Subject to the
limitations set forth in Section 4(d) and except as otherwise provided herein,
a recipient of restricted stock, other than Restricted Stock Deferred Units,
shall have all rights as a shareholder with respect to the shares subject to
such restricted stock including, without limitation, any rights to receive
dividends or non-cash distributions with respect to such shares and to vote
such shares and act in respect of such shares at any meeting of shareholders. A
recipient of Restricted Stock Deferred Units shall have no rights as a
shareholder with respect to the Staples Common Stock until the date of issuance
to him or her of a stock certificate therefor, but the agreement evidencing the
Restricted Stock Deferred Units may include the crediting of additional
Restricted Stock Deferred Units equal in value to the cash amount of dividends
paid with respect to same number of shares of Staples Common Stock as the
Restricted Stock Deferred Units.

6.     Adjustment Provisions for
Recapitalizations and Related Transactions.

(a)           If, through or as a
result of any merger, consolidation, sale of all or substantially all of the
assets of the Company, reorganization, recapitalization, reclassification,
stock dividend, stock split, reverse stock split, or other similar transaction,
(i) the outstanding shares of Staples Common Stock are increased or decreased
or are exchanged for a different number or kind of shares or other securities
of the Company, or (ii) additional shares or new or different shares or other
securities of the Company or other non-cash assets are distributed with respect
to Staples Common Stock or other securities, a proportionate adjustment shall
be made in (x) the number and kind of shares of Staples Common Stock subject to
Options or the number and kind of shares of Staples Common Stock or Restricted
Stock Deferred Units subject to restricted stock to be granted to outside directors
after such event pursuant to Section 4(b), (y) the number and kind of shares of
Staples Common Stock subject to then outstanding Options or the number and kind
of shares of Staples Common Stock or Restricted Stock Deferred Units subject to
any then outstanding restricted stock under the Plan, and (z) the exercise
price for each share of Staples Common Stock subject to any then outstanding
Options or repurchase rights of the Company under the Plan, without changing
the aggregate purchase price as to which such Options or repurchase rights of
the Company remain exercisable. No fractional shares or Restricted Stock
Deferred Units will be issued under the Plan on account of any such
adjustments.

(b)           All share numbers
herein have been adjusted to reflect all stock splits through April 5, 2000.

7.     Mergers, Consolidations,
Asset Sales, Liquidations, etc.

Subject to the provisions
of Section 4(c)(iii) and 4(d)(iv), in the event of a merger or consolidation or
sale of all or substantially all of the assets of the Company in which
outstanding shares of Staples Common Stock are exchanged for securities, cash
or other property of any other corporation or business entity or in 

 5
 

the event of a
liquidation of the Company, the Board of Directors of the Company, or the board
of directors of any corporation assuming the obligations of the Company, shall
take one or more of the following actions, as to outstanding Options of Staples
Common Stock: (i) provide that such Options shall be assumed, or equivalent
Options shall be substituted, by the acquiring or succeeding corporation (or an
affiliate thereof); (ii) upon written notice to the optionees, provide that all
unexercised Options shall (A) immediately become exercisable in full and (B)
terminate immediately prior to the consummation of such transaction unless
exercised by the optionee within a specified period following the date of such
notice; or (iii) in the event of a merger under the terms of which holders of
Staples Common Stock of the Company will receive upon consummation thereof a
cash payment for each share surrendered in the merger (the “Merger Price”),
make or provide for a cash payment to such optionees equal to the difference
between (A) the Merger Price times the number of shares of Staples Common Stock
subject to such outstanding Options (to the extent then exercisable) with
exercise prices not in excess of the Merger Price and (B) the aggregate
exercise price of all such Options, in exchange for the termination of such
Options.

8.     Change in Control.

For purposes of the Plan,
a “Change in Control” shall be deemed to have occurred if (i) any “person”, as
such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of
1934, as amended (the “Exchange Act”) (other than the Company, any trustee or
other fiduciary holding securities under an employee benefit plan of the
Company, or any corporation owned directly or indirectly by the stockholders of
the Company in substantially the same proportion as their ownership of stock of
the Company), is or becomes the “beneficial owner” (as defined in Rule 13d-3
under the Exchange Act), directly or indirectly, of securities of the Company
representing 30% or more of the combined voting power of the Company’s then
outstanding securities (other than pursuant to a merger or consolidation
described in clause (A) or (B) of subsection (iii) below); (ii) during any
period of two consecutive years ending during the term of the Plan (not
including any period prior to the adoption of the Plan), individuals who at the
beginning of such period constitute the Board of Directors of the Company, and
any new director (other than a director designated by a person who has entered
into an agreement with the Company to effect any transaction described in
clause (i), (iii) or (iv) of this Section 8) whose election by the Board of
Directors or nomination for election by the Company’s stockholders was approved
by a vote of at least two-thirds of the directors then still in office who were
either directors at the beginning of the period or whose election or nomination
for election was previously so approved (collectively, the “Disinterested
Directors”), cease for any reason to constitute a majority of the Board of
Directors; (iii) the closing of a merger or consolidation of the Company or any
subsidiary of the Company with any other corporation, other than (A) a merger
or consolidation which would result in the voting securities of the Company
outstanding immediately prior thereto continuing to represent (either by
remaining outstanding or by being converted into voting securities of the
surviving entity) more than 50% of the combined voting power of the voting
securities of the Company or such surviving entity outstanding immediately
after such merger or consolidation or (B) a merger or consolidation effected to
implement a recapitalization of the Company (or similar transaction) in which
no “person” (as defined above) acquires more than 30% of the combined voting
power of the Company’s then outstanding securities; or (iv) a complete liquidation
of the Company or a sale by the Company of all or substantially all of the
Company’s assets.

9.     Modification, Extension and
Renewal of Options and Restricted Stock.

The Board of Directors
shall have the power to modify or amend outstanding Options and restricted
stock; provided, however, that no modification or amendment may (i) have the
effect of altering or impairing any rights or obligations of any Option or
restricted stock previously granted without the consent of the optionee or
holder thereof, as the case may be, (ii) modify the number of shares of Staples
Common Stock subject to the Option or number of shares of Staples Common Stock
or Restricted Stock Deferred Units subject to the restricted stock (except as
provided in Section 6) or (iii) reprice, replace or regrant options issued
through cancellation or by lowering the option exercise price of a previously
granted award unless approved by the stockholders of the Company .

 6
 

10.  Amendment of the Plan.

The Board of Directors
may suspend or discontinue the Plan or amend it in any respect whatsoever;
provided, however, that without approval of the stockholders of the Company, no
amendment may (i) materially modify the requirements as to eligibility to
receive Options or restricted stock under the Plan, or (ii) materially increase
the benefits accruing to participants in the Plan.

11.  Withholding.

(a)           The Company shall have
the right to deduct from payments of any kind otherwise due to the optionee or
recipient of restricted stock any federal, state or local taxes of any kind
required by law to be withheld with respect to any shares issued upon exercise
of Options under the Plan or upon the expiration or termination of the
Restricted Period relating to the restricted stock. Subject to the prior approval
of the Company, the optionee or recipient of restricted stock may elect to
satisfy such obligations, in whole or in part, (i) by causing the Company to
withhold shares of Staples Common Stock otherwise issuable pursuant to the
exercise of an Option or upon the expiration or termination of the Restricted
Period relating to the restricted stock or (ii) by delivering to the Company
shares of Staples Common Stock already owned by the optionee or restricted
stock recipient. The shares so delivered or withheld shall have a fair market
value equal to such withholding obligation. The fair market value of the shares
used to satisfy such withholding obligation shall be determined by the Company
as of the date that the amount of tax to be withheld is to be determined. An
optionee or restricted stock recipient who has made an election pursuant to
this Section 11(a) may only satisfy his or her withholding obligation with
shares of Staples Common Stock which are not subject to any repurchase,
forfeiture, unfulfilled vesting or other similar requirements.

(b)           If the recipient of
restricted stock under the Plan elects, in accordance with Section 83(b) of the
Code, to recognize ordinary income in the year of acquisition of any shares
awarded under the Plan, the Company will require at the time of such election
an additional payment for withholding tax purposes based on the difference, if
any, between the purchase price of such shares and the fair market value of
such shares as of the date immediately preceding the date on which the
restricted stock is awarded.

12.  Notice.

Any written notice to the
Company required by any of the provisions of the Plan shall be addressed to the
Treasurer of the Company and shall become effective when it is received.

13.  Governing Law.

The Plan and all
determinations made and actions taken pursuant hereto shall be governed by the
laws of the State of Delaware.

14.  Stockholder Approval.

The Plan is conditional
upon stockholder approval of the Plan, and the Plan shall be null and void if
the Plan is not so approved by the Company’s stockholders.

 7
 

 

	
   

  	
  Amended and restated by the Board of Directors on
  September 10, 1998 and approved by stockholders on January 21, 1999; amended
  by the Board of Directors on September 14, 1999 and approved by
  stockholders on  November 9, 1999;
  amended by the Board of Directors on March 7, 2000 and approved by
  stockholders on  July 10, 2000; amended
  by the Board of Directors on August 27, 2001, and amended by the Board of
  Directors on March 4, 2003 and March 6, 2007.

  

 

 8

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