Document:

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                                                                    EXHIBIT 10.8

                         BEHRINGER HARVARD REIT I, INC.
                         2002 EMPLOYEE STOCK OPTION PLAN
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                         BEHRINGER HARVARD REIT I, INC.
                         2002 EMPLOYEE STOCK OPTION PLAN

                                   SECTION 1.
                                     PURPOSE

      The purpose of this Plan is to promote the interests of the Company by
providing the opportunity to purchase Shares to Employees in order to attract
and retain Employees by providing an incentive to work to increase the value of
Shares and a stake in the future of the Company which corresponds to the stake
of each of the Company's shareholders. The Plan provides for the grant of ISO's
and NQSO's to aid the Company in obtaining these goals.

                                   SECTION 2.
                                   DEFINITIONS

      Each term set forth in this Section shall have the meaning set forth
opposite such term for purposes of this Plan and any Option Agreements under
this Plan (unless noted otherwise), and for purposes of such definitions, the
singular shall include the plural and the plural shall include the singular, and
reference to one gender shall include the other gender. Note that some
definitions may not be used in this Plan, and may be inserted here solely for
possible use in Option Agreements issued under this Plan.

      2.1   AFFILIATE means with respect to any Person, (i) any Person directly
or indirectly owning, controlling or holding, with the power to vote, 10% or
more of the outstanding voting securities of such other Person; (ii) any Person
10% or more of whose outstanding voting securities are directly or indirectly
owned, controlled or held, with the power to vote, by such other Person; (iii)
any Person directly or indirectly controlling, controlled by or under common
control with such other Person; (iv) any executive officer, director, trustee or
general partner of such other Person; and (v) any legal entity for which such
Person acts as an executive officer, director, trustee or general partner.

      2.2   BOARD means the Board of Directors of the Company.

      2.3   CAUSE shall mean an act or acts by an Eligible Recipient involving
(a) the use for profit or disclosure to unauthorized Persons of confidential
information or trade secrets of his employer, the Company, or any Affiliate of
the Company, (b) the breach of any contract with his employer, the Company, or
any Affiliate of the Company, (c) the violation of any fiduciary obligation to
his employer, the Company, or any Affiliate of the Company, (d) the unlawful
trading in the securities of his employer, the Company, or any Affiliate of the
Company, or of another corporation based on information gained as a result of
the performance of services for his employer, the Company, or any Affiliate of
the Company, (e) a felony conviction or the failure to contest prosecution of a
felony, or (f) willful misconduct, dishonesty, embezzlement, fraud, deceit or
civil rights violations, or other unlawful acts.

      2.4   CHANGE OF CONTROL means either of the following:

            (a)   any transaction or series of transactions pursuant to which
the Company sells, transfers, leases, exchanges or disposes of substantially all
(i.e., at least eighty-five percent (85%)) of its assets for cash or property,
or for a combination of cash and property, or for other consideration; or

            (b)   any transaction pursuant to which Persons who are not current
shareholders of the Company acquire by merger, consolidation, reorganization,
division or other business combination or transaction, or by a purchase of an
interest in the Company, an interest in the Company so that after such
transaction, the shareholders of the Company immediately prior to such
transaction no longer have a controlling (i.e., 50% or more) voting interest in
the Company.

However, notwithstanding the foregoing, in no event shall an initial public
offering of the Company's common stock constitute a Change of Control.
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      2.5   CODE means the Internal Revenue Code of 1986, as amended.

      2.6   COMMITTEE means any committee appointed by the Board to administer
the Plan, as specified in Section 5 hereof. Any such committee shall be
comprised entirely of Directors.

      2.7   COMMON STOCK means the common stock of the Company.

      2.8   COMPANY means Behringer Harvard REIT I, Inc., a Maryland
corporation, and any successor to such organization.

      2.9   DIRECTOR means a member of the Board.

      2.10  ELIGIBLE RECIPIENT means an Employee and/or a Key Person.

      2.11  EMPLOYEE means a common law employee of the Company, or any
Affiliate of the Company whose employees are capable of receiving ISO's under
Code Section 422.

      2.12  EXCHANGE ACT means the Securities Exchange Act of 1934, as amended.

      2.13  EXERCISE PRICE means the price which shall be paid to purchase one
(1) Share upon the exercise of an Option granted under this Plan.

      2.14  FAIR MARKET VALUE of each Share on any date means the price
determined below as of the close of business on such date (provided, however, if
for any reason, the Fair Market Value per share cannot be ascertained or is
unavailable for such date, the Fair Market Value per share shall be determined
as of the nearest preceding date on which such Fair Market Value can be
ascertained):

            (a)   If the shares of Common Stock are traded on any national stock
exchange, its Fair Market Value of a Share shall be the average closing sale
price for such shares on such exchange or system for the five consecutive
trading days ending on the date of such determination; or

            (b)   If the shares of Common Stock are not listed on any national
stock exchange but are quoted on the National Market of the National Association
of Securities Dealers, Inc. Automated Quotation ("NASDAQ") System the Fair
Market Value of a Share shall be the average of the high "bid" and low "ask"
prices of a share of Common Stock as reflected on NASDAQ on the date of such
determination; or

            (c)   If the shares of Common Stock are not traded or listed as
provided above the per share sales price of the Common Stock if there is a
current public offering of the Common Stock; or

            (d)   the fair market value of a share of Common Stock as determined
by the Board.

      2.15  FLSA EXCLUSION means the provisions of Section 7(e) of the Fair
Labor Standards Act of 1938 (the "FLSA") that exempt certain stock-based
compensation from inclusion in overtime determinations under the FLSA.

      2.16  INSIDER means an individual who is, on the relevant date, an
officer, director or ten percent (10%) beneficial owner of any class of the
Company's equity securities that is registered pursuant to Section 12 of the
Exchange Act, all as defined under Section 16 of the Exchange Act.

      2.17  ISO means an option granted under this Plan to purchase Shares which
is intended by the Company to satisfy the requirements of Code Section 422 as an
incentive stock option.

      2.18  KEY PERSON means an individual employed by either Behringer Advisors
LP or by HPT Management.

      2.19  NQSO means an option granted under this Plan to purchase Shares
which is not intended by the Company to satisfy the requirements of Code
Section 422.

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      2.20  OPTION means an ISO or a NQSO.

      2.21  OPTION AGREEMENT means an agreement between the Company and a
Participant evidencing an award of an Option.

      2.22  OUTSIDE DIRECTOR means a Director who is not an Employee and who
qualifies as (1) a "non-employee director" under Rule 16b-3(b)(3) under the 1934
Act, as amended from time to time, and (2) an "outside director" under Code
Section 162(m) and the regulations promulgated thereunder.

      2.23  PARTICIPANT means an individual who receives an Option hereunder.

      2.24  PERFORMANCE-BASED EXCEPTION means the performance-based exception
from the tax deductibility limitations of Code Section 162(m).

      2.25  PERSON means an individual, corporation, partnership, estate, trust
(including a trust qualified under Section 401(a) or 501(c)(17) of the Code), a
portion of a trust permanently set aside for or to be used exclusively for the
purposes described in Section 642(c) of the Code, association, private
foundation within the meaning of Section 509(a) of the Code, joint stock company
or other legal entity, any governmental body including any agency or political
subdivision thereof, and a "group" as that term is used for purposes of Section
13(d)(3) of the Securities Exchange Act of 1934, as amended.

      2.26  PLAN means the Behringer Harvard REIT I, Inc. 2002 Employee Stock
Option Plan, as may be amended from time to time.

      2.27  SHARE means a share of the Common Stock of the Company.

      2.28  TEN PERCENT SHAREHOLDER means a Person who owns (after taking into
account the attribution rules of Code Section 424(d)) more than ten percent
(10%) of the total combined voting pOwer of all classes of shares of stock of
either the Company, a Subsidiary or a Parent.

                                   SECTION 3.
                            SHARES SUBJECT TO OPTIONS

      The total number of Shares that may be issued pursuant to Options under
this Plan shall not exceed ten million (10,000,000), as adjusted pursuant to
Section 10. Such Shares shall be reserved, to the extent that the Company deems
appropriate, from authorized but unissued Shares, and from Shares which have
been reacquired by the Company. Furthermore, any Shares subject to an Option
which remain after the cancellation, expiration or exchange of such Option
thereafter shall again become available for use under this Plan. Notwithstanding
anything herein to the contrary, no Participant may be granted Options or Stock
Appreciation Rights covering an aggregate number of Shares in excess of five
million (5,000,000) in any calendar year.

                                   SECTION 4.
                                 EFFECTIVE DATE

      The effective date of this Plan, as documented hereby, shall be the date
it is adopted by the Board, as noted in resolutions effectuating such adoption,
provided the shareholders of the Company approve this Plan within twelve (12)
months after such effective date. If such effective date comes before such
shareholder approval, any Stock Incentives granted under this Plan before the
date of such approval automatically shall be granted subject to such approval.

                                   SECTION 5.
                                 ADMINISTRATION

      5.1   GENERAL ADMINISTRATION. This Plan shall be administered by the
Board. The Board, acting in its absolute discretion, shall exercise such powers
and take such action as expressly called for under this Plan. The Board shall
have the power to interpret this Plan and, subject to the terms and provisions
of this Plan, to take such other action in the administration and operation of
the Plan as it deems equitable under the

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circumstances. The Board's actions shall be binding on the Company, on each
affected Eligible Recipient, and on each other Person directly or indirectly
affected by such actions.

      5.2   AUTHORITY OF THE BOARD. Except as limited by law or by the Articles
of Incorporation or Bylaws of the Company, and subject to the provisions herein,
the Board shall have full power to select Eligible Recipients who shall
participate in the Plan, to determine the sizes and types of Options in a manner
consistent with the Plan, to determine the terms and conditions of Options in a
manner consistent with the Plan, to construe and interpret the Plan and any
agreement or instrument entered into under the Plan, to establish, amend or
waive rules and regulations for the Plan's administration, and to amend the
terms and conditions of any outstanding Options as allowed under the Plan and
such Options. Further, the Board may make all other determinations which may be
necessary or advisable for the administration of the Plan.

      5.3   DELEGATION OF AUTHORITY. The Board may delegate its authority under
the Plan, in whole or in part, to a Committee appointed by the Board consisting
of not less than one (1) director. The members of the Committee shall be
appointed from time to time by, and shall serve at the discretion of, the Board.
The Committee shall act according to the policies and procedures set forth in
the Plan and to those policies and procedures established by the Board, and the
Committee shall have such powers and responsibilities as are set forth by the
Board. Reference to the Board in this Plan shall specifically include reference
to the Committee where the Board has delegated its authority to the Committee,
and any action by the Committee pursuant to a delegation of authority by the
Board shall be deemed an action by the Board under the Plan. Notwithstanding the
above, the Board may assume the powers and responsibilities granted to the
Committee at any time, in whole or in part. With respect to Committee
appointments and composition, only a Committee (or a sub-committee thereof)
comprised solely of two (2) or more Outside Directors may grant Stock Incentives
which will meet the Performance-Based Exception, and only a Committee comprised
solely of Outside Directors may grant Options to Insiders that will be exempt
from Section 16(b) of the Exchange Act.

      5.4   DECISIONS BINDING. All determinations and decisions made by the
Board (or its delegate) pursuant to the provisions of this Plan and all related
orders and resolutions of the Board shall be final, conclusive and binding on
all Persons, including the Company, its stockholders, Directors, Employees,
Participants, and their estates and beneficiaries.

      5.5   INDEMNIFICATION FOR DECISIONS. No member of the Board or the
Committee shall be liable for any action taken or determination made hereunder
in good faith. Service on the Committee shall constitute service as a director
of the Company so that the members of the Committee shall be entitled to
indemnification and reimbursement as directors of the Company pursuant to its
bylaws and applicable law. In addition, the members of the Board, Committee
shall be indemnified by the Company against (a) the reasonable expenses,
including attorneys' fees actually and necessarily incurred in connection with
the defense of any action, suit or proceeding, to which they or any of them may
be a party by reason of any action taken or failure to act under or in
connection with the Plan, any Option granted hereunder, and (b) against all
amounts paid by them in settlement thereof (provided such settlement is approved
by independent legal counsel selected by the Company) or paid by them in
satisfaction of a judgment in any such action, suit or proceeding, except in
relation to matters as to which it shall be adjudged in such action, suit or
proceeding that such individual is liable for gross negligence or misconduct in
the performance of his duties, provided that within 60 days after institution of
any such action, suit or proceeding a Committee member or delegatee shall in
writing offer the Company the opportunity, at its own expense, to handle and
defend the same.

                                   SECTION 6.
                                   ELIGIBILITY

      Eligible Recipients selected by the Board shall be eligible for the grant
of Options under this Plan, but no Eligible Recipient shall have the right to be
granted an Option under this Plan merely as a result of his or her status as an
Eligible Recipient. Only Employees shall be eligible to receive a grant of
ISO's.

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                                    SECTION 7
                                TERMS OF OPTIONS

      7.1   GRANTS OF OPTIONS. The Board, in its absolute discretion, shall
grant Options under this Plan from time to time and shall have the right to
grant new Options in exchange for outstanding Options. Options shall be granted
to Eligible Recipients selected by the Board, and the Board shall be under no
obligation whatsoever to grant Options to all Eligible Recipients, or to grant
all Options subject to the same terms and conditions.

      7.2   SHARES SUBJECT TO OPTIONS. The number of Shares as to which an
Option shall be granted shall be determined by the Board in its sole discretion,
subject to the provisions of Section 3 as to the total number of Shares
available for grants under the Plan.

      7.3   DATE OF GRANT. The date an Option is granted shall be the date on
which the Board (1) has approved the terms and conditions of the Option
Agreement, (2) has determined the recipient of the Option and the number of
Shares covered by the Option and (3) has taken all such other action necessary
to complete the grant of the Option, except as may be otherwise required by law.

      7.4   NECESSITY OF OPTION AGREEMENTS. Each grant of an Option shall be
evidenced by an Option Agreement which shall specify whether the Option is an
ISO or NQSO, and incorporate such other terms and conditions as the Board,
acting in its absolute discretion, deems consistent with the terms of this Plan,
including (without limitation) a restriction on the number of Shares subject to
the Option which first become exercisable during any calendar year, and which
shall be in such form and contain such terms and conditions as the Board in its
discretion may, subject to the provisions of the Plan, from time to time
determine. The Board and/or the Company shall have complete discretion to modify
the terms and provisions of an Option in accordance with Section 12 of this Plan
even though such modification may change the Option from an ISO to a NQSO.

      7.5   DETERMINING OPTIONEES. In determining Eligible Recipient(s) to whom
an Option shall be granted and the number of Shares to be covered by such
Option, the Board may take into account the recommendations of Behringer
Advisors LP or HPT Management, the duties of the Eligible Recipient, the present
and potential contributions of the Eligible Recipient to the success of the
Company, the anticipated number of years of service remaining before the
attainment by the Eligible Recipient of retirement age, and other factors deemed
relevant by the Board, in its sole discretion, in connection with accomplishing
the purpose of this Plan. An Eligible Recipient who has been granted an Option
to purchase Shares, whether under this Plan or otherwise, may be granted one or
more additional Options. If the Board grants an ISO and a NQSO to an Eligible
Recipient on the same date, the right of the Eligible Recipient to exercise one
such Option shall not be conditioned on his failure to exercise the other such
Option.

      7.6   EXERCISE PRICE. Subject to adjustment in accordance with Section 10
and the other provisions of this Section, the Exercise Price shall be as set
forth in the applicable Option Agreement. With respect to each grant of an
Option to a Participant, the Exercise Price shall equal to $12.00 prior to the
completion of the Company's initial public offering of Common Stock, and
thereafter, shall be no less than one hundred twenty percent (120%) of the Fair
Market Value of such Share, and shall be set forth in the applicable Option
Agreement; provided, however, the Exercise Price for each Share shall be no less
than the minimum price required by applicable state law, or by the Company's
governing instrument, whichever price is greater. With respect to each grant of
an ISO to a Participant who is not a Ten Percent Shareholder, the Exercise Price
shall not be less than the Fair Market Value on the date the ISO is granted.
With respect to each grant of an ISO to a Participant who is a Ten Percent
Shareholder, the Exercise Price shall not be less than one hundred ten percent
(110%) of the Fair Market Value on the date the ISO is granted. Any Stock
Incentive intended to meet the Performance-Based Exception must be granted with
an Exercise Price equivalent to or greater than the Fair Market Value of the
Shares subject thereto. Any Stock Incentive intended to meet the FLSA Exclusion
must be granted with an Exercise Price equivalent to or greater than eighty-five
percent (85%) of the Fair Market Value of the Shares subject thereto on the date
granted.

      7.7   OPTION TERM. Each Option granted under this Plan shall be
exercisable in whole or in part at such time or times as set forth in the
related Option Agreement, but no Option Agreement shall:

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            (a)   make an Option exercisable before the date such Option is
granted; or

            (b)   make an Option exercisable after the earlier of:

                  (i)   the date such Option is exercised in full;

                  (ii)  the date which is the fifth (5th) anniversary of the
date such Option is granted;

                  (iii) the date on which the Eligible Recipient ceases to be an
employee of his employer for Cause;

                  (iv)  three (3) months following the date on which the
Eligible Recipient ceases to be an employee of his employer (for any reason
other than death or disability or for Cause); or

                  (v)   one (1) year following the date on which the Eligible
Recipient ceases to be an employee of his employer because of death or
disability.

An Option Agreement may provide for the exercise of an Option after the
employment of an Employee has terminated for any reason whatsoever, including
death or disability. The Employee's rights, if any, upon termination of
employment will be set forth in the applicable Option Agreement.

      7.8   PAYMENT. Options shall be exercised by the delivery of a written
notice of exercise to the Company, setting forth the number of Shares with
respect to which the Option is to be exercised accompanied by full payment for
the Shares. Payment for shares of Stock purchased pursuant to exercise of an
Option shall be made in cash or, unless the Option Agreement provides otherwise,
by delivery to the Company of a number of Shares which have been owned and
completely paid for by the holder for at least six (6) months prior to the date
of exercise (i.e., "mature shares" for accounting purposes) having an aggregate
Fair Market Value equal to the amount to be tendered, or a combination thereof.
In addition, unless the Option Agreement provides otherwise, the Option may be
exercised through a brokerage transaction following registration of the
Company's equity securities under Section 12 of the Securities Exchange Act of
1934 as permitted under the provisions of Regulation T applicable to cashless
exercises promulgated by the Federal Reserve Board. However, notwithstanding the
foregoing, with respect to any Option recipient who is an Insider, a tender of
shares or a cashless exercise must (1) have met the requirements of an exemption
under Rule 16b-3 promulgated under the Exchange Act, or (2) be a subsequent
transaction the terms of which were provided for in a transaction initially
meeting the requirements of an exemption under Rule 16b-3 promulgated under the
Exchange Act. Unless the Option Agreement provides otherwise, the foregoing
exercise payment methods shall be subsequent transactions approved by the
original grant of an Option. Payment shall be made at the time that the Option
or any part thereof is exercised, and no Shares shall be issued or delivered
upon exercise of an Option until full payment has been made by the Participant.
The holder of an Option, as such, shall have none of the rights of a
stockholder. Notwithstanding the above, and in the sole discretion of the Board,
an Option may be exercised as to a portion or all (as determined by the Board)
of the number of Shares specified in the Option Agreement by delivery to the
Company of a promissory note, such promissory note to be executed by the
Participant and which shall include, with such other terms and conditions as the
Board shall determine, provisions in a form approved by the Board under which:
(i) the balance of the aggregate purchase price shall be payable in equal
installments over such period and shall bear interest at such rate (which shall
not be less than the prime bank loan rate as determined by the Board, which
shall be established at the time of exercise, and which must be a market rate
based on the rate environment at the date of exercise) as the Board shall
approve, and (ii) the Participant shall be personally liable for payment of the
unpaid principal balance and all accrued but unpaid interest. Other methods of
payment may also be used if approved by the Board in its sole and absolute
discretion and provided for under the Option Agreement.

      7.9   CONDITIONS TO EXERCISE OF AN OPTION. Each Option granted under the
Plan shall vest and shall be exercisable at such time or times, or upon the
occurrence of such event or events, and in such amounts, as the Board shall
specify in the Option Agreement; provided, however, that subsequent to the grant
of an Option, the Board, at any time before complete termination of such Option,
may accelerate the time or times at which such Option may vest or be exercised
in whole or in part; and further provided, however, in no event may an Option
(all or any portion thereof) become exercisable if the recipient Employee
terminates his

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employment and his status as an Employee within one year from the date on which
such Option was granted. An Option intended to meet the FLSA Exclusion shall not
be exercisable for at least six (6) months following the date it is granted,
except by reason of death, disability, retirement, a change in corporate
ownership or other circumstances permitted under regulations promulgated under
the FLSA Exclusion. The Board may impose such restrictions on any Shares
acquired pursuant to the exercise of an Option as it may deem advisable,
including, without limitation, vesting or performance-based restrictions, rights
of the Company to re-purchase Shares acquired pursuant to the exercise of an
Option, voting restrictions, investment intent restrictions, restrictions on
transfer, "first refusal" rights of the Company to purchase Shares acquired
pursuant to the exercise of an Option prior to their sale to any other Person,
"drag along" rights requiring the sale of shares to a third party purchaser in
certain circumstances, "lock up" type restrictions in the case of an initial
public offering of the Company's stock, restrictions or limitations that would
be applied to shareholders under any applicable restriction agreement among the
shareholders, and restrictions under applicable federal securities laws, under
the requirements of any stock exchange or market upon which such Shares are then
listed and/or traded, and/or under any blue sky or state securities laws
applicable to such Shares. Notwithstanding any provision of this Plan or any
Option Agreement to the contrary, in no event shall any Option granted under
this Plan be exercisable if such exercise would jeopardize the status of the
Company as a "real estate investment trust" as defined in Code Section 856.

      7.10  TRANSFERABILITY OF OPTIONS. An Option shall not be transferable or
assignable except by will or by the laws of descent and distribution and shall
be exercisable, during the Participant's lifetime, only by the Participant;
provided, however, that in the event the Participant is incapacitated and unable
to exercise his or her Option, such Option may be exercised by such
Participant's legal guardian, legal representative, or other representative whom
the Board deems appropriate based on applicable facts and circumstances. The
determination of incapacity of a Participant and the determination of the
appropriate representative of the Participant who shall be able to exercise the
Option if the Participant is incapacitated shall be determined by the Board in
its sole and absolute discretion. Notwithstanding the foregoing, except as
otherwise provided in the Stock Incentive Agreement, a NQSO may also be
transferred by a Participant as a bona fide gift (i) to his spouse, lineal
descendant or lineal ascendant, siblings and children by adoption, (ii) to a
trust for the benefit of one or more individuals described in clause (i) and no
other Persons, or (iii) to a partnership of which the only partners are one or
more individuals described in clause (i), in which case the transferee shall be
subject to all provisions of the Plan, the Stock Incentive Agreement and other
agreements with the Participant in connection with the exercise of the Option
and purchase of Shares. In the event of such a gift, the Participant shall
promptly notify the Board of such transfer and deliver to the Board such written
documentation as the Board may in its discretion request, including, without
limitation, the written acknowledgment of the donee that the donee is subject to
the provisions of the Plan, the Stock Incentive Agreement and other agreements
with the Participant.

      7.11  ISO TAX TREATMENT REQUIREMENTS. With respect to any Option which
purports to be an ISO, to the extent that the aggregate Fair Market Value
(determined as of the date of grant of such Option) of stock with respect to
which such Option is exercisable for the first time by any individual during any
calendar year exceeds one hundred thousand dollars ($100,000.00), such Option
shall not be treated as an ISO in accordance with Code Section 422(d). The rule
of the preceding sentence is applied in the order in which Options are granteD.
Also, with respect to any Option which purports to be an ISO, such Option shall
not be treated as an ISO if the Participant disposes of shares acquired
thereunder within two (2) years from the date of the granting of the Option or
within one (1) year of the exercise of the Option, or if the Participant has not
meet the requirements of Code Section 422(a)(2).

                                   SECTION 8.
                              SECURITIES REGULATION

      Each Option Agreement may provide that, upon the receipt of Shares as a
result of the exercise of an Option or otherwise, the Participant shall, if so
requested by the Company, hold such Shares for investment and not with a view of
resale or distribution to the public and, if so requested by the Company, shall
deliver to the Company a written statement satisfactory to the Company to that
effect. Each Option Agreement may also provide that, if so requested by the
Company, the Participant shall make a written representation to the Company that
he or she will not sell or offer to sell any of such Shares unless a
registration statement shall be in effect with respect to such Shares under the
Securities Act of 1933, as amended ("1933 Act"), and any applicable state
securities law or, unless he or she shall have furnished to the Company an
opinion, in form and substance satisfactory to the Company, of legal counsel
acceptable to the Company, that such registration is not

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required. Certificates representing the Shares transferred upon the exercise of
an Option granted under this Plan may at the discretion of the Company bear a
legend to the effect that such Shares have not been registered under the 1933
Act or any applicable state securities law and that such Shares may not be sold
or offered for sale in the absence of an effective registration statement as to
such Shares under the 1933 Act and any applicable state securities law or an
opinion, in form and substance satisfactory to the Company, of legal counsel
acceptable to the Company, that such registration is not required.

                                   SECTION 9.
                                  LIFE OF PLAN

      No Option shall be granted under this Plan on or after the earlier of:

            (a)   the tenth (10th) anniversary of the effective date of this
Plan (as determined under Section 4 of this Plan), in which event this Plan
otherwise thereafter shall continue in effect until all outstanding Options have
been exercised in full or no longer are exercisable, or

            (b)   the date on which all of the Shares reserved under Section 3
of this Plan have (as a result of the exercise of Options granted under this
Plan) been issued or no longer are available for use under this Plan, in which
event this Plan also shall terminate on such date.

                                   SECTION 10.
                                   ADJUSTMENT

      Notwithstanding anything in Section 12 to the contrary, the number of
Shares reserved under Section 3 of this Plan, the limit on the number of Shares
which may be granted during a calendar year to any individual under Section 3 of
this Plan, the number of Shares subject to Options granted under this Plan, and
the Exercise Price of any Options shall be adjusted by the Board in an equitable
manner to reflect any change in the capitalization of the Company, including,
but not limited to, such changes as stock dividends or stock splits.
Furthermore, the Board shall have the right to adjust (in a manner which
satisfies the requirements of Code Section 424(a)) the number of Shares reserved
under Section 3, and tHe number of Shares subject to Options granted under this
Plan, and the Exercise Price of any Options in the event of any corporate
transaction described in Code Section 424(a) which proviDes for the substitution
or assumption of such Options. If any adjustment under this Section creates a
fractional Share or a right to acquire a fractional Share, such fractional Share
shall be disregarded, and the number of Shares reserved under this Plan and the
number subject to any Options granted under this Plan shall be the next lower
number of Shares, rounding all fractions downward. An adjustment made under this
Section by the Board shall be conclusive and binding on all affected Persons
and, further, shall not constitute an increase in the number of Shares reserved
under Section 3.

                                   SECTION 11.
                        CHANGE OF CONTROL OF THE COMPANY

      Except as otherwise provided in an Option Agreement, if a Change of
Control occurs, and if the agreements effectuating the Change of Control do not
provide for the assumption or substitution of all Options granted under this
Plan, with respect to any Option granted under this Plan which is not so assumed
or substituted (a "Non-Assumed Option"), the Committee, in its sole and absolute
discretion, may, with respect to any or all of such Non-Assumed Options, take
any or all of the following actions to be effective as of the date of the Change
of Control (or as of any other date fixed by the Committee occurring within the
thirty (30) day period immediately preceding the date of the Change of Control,
but only if such action remains contingent upon the effectuation of the Change
of Control) (such date referred to as the "Action Effective Date"):

            (a)   Accelerate the vesting and/or exercisability of such
Non-Assumed Option; and/or

            (b)   Unilaterally cancel such Non-Assumed Option in exchange for:

                  (i)   whole and/or fractional Shares (or for whole Shares and
      cash in lieu of any fractional Share) or whole and/or fractional shares of
      a successor (or for whole shares of a successor and cash in lieu of any
      fractional share) which, in the aggregate, are equal in value to the
      excess of the

         Behringer Harvard REIT I, Inc. 2002 Employee Stock Option Plan
                                     Page 8
<PAGE>
      Fair Market Value of the Shares which could be purchased subject to such
      Non-Assumed Option determined as of the Action Effective Date (taking into
      account vesting) over the aggregate Exercise Price for such Shares; or

                  (ii)  cash or other property equal in value to the excess of
      the Fair Market Value of the Shares which could be purchased subject to
      such Non-Assumed Option determined as of the Action Effective Date (taking
      into account vesting) over the aggregate Exercise Price for such Shares;
      and/or

            (c)   Unilaterally cancel such Non-Assumed Option after providing
the holder of such Option with (1) an opportunity to exercise such Non-Assumed
Option to the extent vested within a specified period prior to the date of the
Change of Control, and (2) notice of such opportunity to exercise prior to the
commencement of such specified period.

However, notwithstanding the foregoing, to the extent that the recipient of
Non-Assumed Option is an Insider, payment of cash in lieu of whole or fractional
Shares or shares of a successor may only be made to the extent that such payment
(1) has met the requirements of an exemption under Rule 16b-3 promulgated under
the Exchange Act, or (2) is a subsequent transaction the terms of which were
provided for in a transaction initially meeting the requirements of an exemption
under Rule 16b-3 promulgated under the Exchange Act. Unless an Option Agreement
provides otherwise, the payment of cash in lieu of whole or fractional Shares or
in lieu of whole or fractional shares of a successor shall be considered a
subsequent transaction approved by the original grant of an Option.

                                   SECTION 12.
                            AMENDMENT OR TERMINATION

      This Plan may be amended by the Board from time to time to the extent that
the Board deems necessary or appropriate; provided, however, no such amendment
shall be made absent the approval of the shareholders of the Company (a) to
increase the number of Shares reserved under Section 3, except as set forth in
Section 10, (b) to extend the maximum life of the Plan under Section 9 or the
maximum exercise period under Section 7, (c) to decrease the minimum Exercise
Price under Section 7, or (d) to change the designation of Eligible Recipients
eligible for Options under Section 6. The Board also may suspend the granting of
Options under this Plan at any time and may terminate this Plan at any time. The
Company shall have the right to modify, amend or cancel any Option after it has
been granted if (I) the modification, amendment or cancellation does not
diminish the rights or benefits of the Option recipient under the Option, (II)
the Participant consents in writing to such modification, amendment or
cancellation, (III) there is a dissolution or liquidation of the Company, (IV)
this Plan and/or the Option Agreement expressly provides for such modification,
amendment or cancellation, or (V) the Company would otherwise have the right to
make such modification, amendment or cancellation by applicable law.

                                   SECTION 13.
                                  MISCELLANEOUS

      13.1  SHAREHOLDER RIGHTS. No Participant shall have any rights as a
shareholder of the Company as a result of the grant of an Option to him or to
her under this Plan or his or her exercise of such Option pending the actual
delivery of Shares subject to such Option to such Participant.

      13.2  NO GUARANTEE OF CONTINUED RELATIONSHIP. The grant of an Option to a
Participant under this Plan shall not constitute a contract of employment and
shall not confer on a Participant any rights upon his or her termination of
employment with his employer or relationship with the Company in addition to
those rights, if any, expressly set forth in the Option Agreement which
evidences his or her Option.

      13.3  WITHHOLDING. The Company shall have the power and the right to
deduct or withhold (for the Company or for the employer of a Participant), or
require a Participant to remit to the Company or his employer as a condition
precedent for the fulfillment of any Option, an amount sufficient to satisfy
Federal, state and local taxes, domestic or foreign, required by law or
regulation to be withheld with respect to any taxable event arising as a result
of this Plan and/or any action taken by a Participant with respect to an Option.
Whenever Shares are to be issued to a Participant upon exercise of an Option,
the Company shall have the right to require the Participant to remit to the
Company, as a condition of exercise of the Option, an amount in cash (or, unless
the

         Behringer Harvard REIT I, Inc. 2002 Employee Stock Option Plan
                                     Page 9
<PAGE>
Option Agreement provides otherwise, in Shares) sufficient to satisfy federal,
state and local withholding tax requirements at the time of exercise. However,
notwithstanding the foregoing, to the extent that a Participant is an Insider,
satisfaction of withholding requirements by having the Company withhold Shares
may only be made to the extent that such withholding of Shares (1) has met the
requirements of an exemption under Rule 16b-3 promulgated under the Exchange
Act, or (2) is a subsequent transaction the terms of which were provided for in
a transaction initially meeting the requirements of an exemption under Rule
16b-3 promulgated under the Exchange Act. Unless the Option Agreement provides
otherwise, the withholding of shares to satisfy federal, state and local
withholding tax requirements shall be a subsequent transaction approved by the
original grant of an Option. Notwithstanding the foregoing, in no event shall
payment of withholding taxes be made by a retention of Shares by the Company
unless the Company retains only Shares with a Fair Market Value equal to the
minimum amount of taxes required to be withheld.

      13.4  NOTIFICATION OF DISQUALIFYING DISPOSITIONS OF ISO OPTIONS. If a
Participant sells or otherwise disposes of any of the Shares acquired pursuant
to an Option which is an ISO on or before the later of (1) the date two (2)
years after the date of grant of such Option, or (2) the date one (1) year after
the exercise of such Option, then the Participant shall immediately notify the
Company in writing of such sale or disposition and shall cooperate with the
Company in providing sufficient information to the Company for the Company to
properly report such sale or disposition to the Internal Revenue Service. The
Participant acknowledges and agrees that he may be subject to federal, state
and/or local tax withholding by the Company on the compensation income
recognized by Participant from any such early disposition, and agrees that he
shall include the compensation from such early disposition in his gross income
for federal tax purposes. Participant also acknowledges that the Company may
condition the exercise of any Option which is an ISO on the Participant's
express written agreement with these provisions of this Plan.

      13.5  TRANSFER. The transfer of an Employee between or among the Company,
Behringer Advisors LP and HPT Management shall not be treated as a termination
of his or her employment under this Plan.

      13.6 CONSTRUCTION. This Plan shall be construed under the laws of the
State of Maryland.

         Behringer Harvard REIT I, Inc. 2002 Employee Stock Option Plan
                                     Page 10<PAGE>

                                                                     Exhibit 4.5

                     USFREIGHTWAYS CORPORATION NONQUALIFIED
                          EMPLOYEE STOCK PURCHASE PLAN

1.   PURPOSE

The purpose of the USFreightways Corporation Nonqualified Employee Stock
Purchase Plan is to provide eligible Employees of USFreightways Corporation and
its Affiliates with an opportunity to acquire a proprietary interest in the
Company through the purchase of Common Stock of the Company on a payroll
deduction basis. It is believed that participation in the ownership of the
Company will be to the mutual benefit of the eligible Employees and the Company.
This Plan is not intended to constitute an "employee stock purchase plan" within
the meaning of Section 423 of the Internal Revenue Code of 1986, as amended.

2.   DEFINITIONS

Unless otherwise specified or unless the context otherwise requires, the
following terms, as used in this Plan, have the following meanings. Wherever
appropriate, words used in the singular shall be deemed to include the plural
and vice versa, and the masculine gender shall be deemed to include the feminine
gender.

     (a) Account means the funds accumulated with respect to an Employee as a
     result of deductions from his paycheck for the purpose of purchasing Common
     Stock under the Plan. The funds allocated to an Employee's Account shall
     remain the property of the Employee at all times prior to the purchase of
     the Common Stock, but may be commingled with the assets of the Company and
     used for general corporate purposes. No interest shall be paid or accrued
     on any funds accumulated in the Accounts of Employees.

     (b)  Affiliate means a corporation, as defined in Section 424(f) of the
     Code, that is a parent or subsidiary of the Company, direct or indirect.

     (c)  Board means the Board of Directors of the Company.

     (d)  Code means the Internal Revenue Code of 1986, as amended.

     (e)  Committee means the committee to which the Board delegates the power
     to act under or pursuant to the provisions of the Plan, or the Board if no
     committee is selected.

     (f)  Common Stock means the shares of common stock of the Company, $.01 par
     value.

     (g)  Company means USFreightways Corporation, a Delaware corporation, and
     any corporate successor to all or substantially all of the assets or voting
     stock of the Company.

<PAGE>

     (h)  Compensation means the regular straight time earnings paid to an
     Employee by the Company during a payroll period, excluding payments for
     overtime, shift premium, incentive compensation, bonuses, and other special
     payments except to the extent that the inclusion of any such item is
     specifically approved by the Committee.

     (i)  Effective Date means the date the Plan is adopted by, and made
     effective by, the Board, subject to the limitations of Section 17.

     (j)  Employee means any person who is employed by the Company or an
     Affiliate on a regular full-time or part-time basis, excluding, however,
     any employee who also is serving as an officer or director of the Company
     or an Affiliate. A person shall be considered employed on a regular
     full-time or part-time basis if he is customarily employed for more than
     twenty (20) hours per week, excluding, however, any employee who also is
     serving as an officer or director of the Company or of an Affiliate.

     (k)  Offering Date means the date on which the Committee grants Employees
     the option to purchase shares of Common Stock.

     (l)  Offering Period means the period beginning on the Offering Date and
     ending on the Purchase Date.

     (m)  Participant means an Employee who elects to participate in the Plan.

     (n)  Plan means the USFreightways Corporation Nonqualified Employee Stock
     Purchase Plan.

     (o)  Purchase Date means the date on which the Committee purchases the
     shares of Common Stock, which date shall be the last day of an Offering
     Period.

3.   ELIGIBILITY

Subject to the enrollment limitations of Section 6, each Employee of the Company
and, if designated by the Board, any Affiliate, shall be eligible to participate
in the Plan on the earlier of (i) the Effective Date or (ii) the first payroll
period of any calendar month next following the date the Employee submits a
payroll deduction authorization. The foregoing notwithstanding, an Employee
included in a unit of employees covered by a collective bargaining agreement
with the Company shall not be eligible to participate in the Plan, provided the
applicable union has chosen not to include such persons in the Plan.

4.   ADMINISTRATION

The Plan shall be administered by the Committee, which shall consist of not less
than two (2) members of the Board. Subject to the provisions of the Plan, the
Committee shall be vested with full authority to make, administer, and interpret
such rules and regulations as it deems necessary

                                       2

<PAGE>

to administer the Plan, and any determination, decision, or action of the
Committee in connection with the construction, interpretation, administration,
and application of the Plan shall be final, conclusive, and binding upon all
Participants and any and all persons claiming under or through any Participant.
Notwithstanding anything to the contrary in the Plan, the Committee shall have
the discretion to modify the terms of the Plan with respect to Participants who
reside outside of the United States or who are employed by a subsidiary of the
Company that has been formed under the laws of any foreign country, if such
modification is necessary in order to conform such terms to the requirements of
local laws.

5.   STOCK

     (a)  The Common Stock to be sold to Participants under the Plan may, at the
     election of the Company, be either treasury shares, shares acquired on the
     open market, and/or shares originally issued for such purpose. The
     aggregate number of shares of Common Stock that shall be made available for
     purchase under the Plan shall not exceed three hundred thousand (300,000)
     shares, subject to adjustment upon changes in capitalization of the Company
     as provided in subparagraph (b) below. In the event any purchase right
     granted under the Plan expires or terminates for any reason without having
     been exercised in full or ceases for any reason to be exercisable in whole
     or in part, the unpurchased shares subject thereto will again be available
     for purchase by Employees upon the exercise of purchase rights. If the
     total number of shares that otherwise would have been acquired under the
     Plan on any Purchase Date exceeds the number of shares of Common Stock then
     available under the Plan, the Company shall make a pro rata allocation of
     the shares remaining available in as nearly a uniform manner as shall be
     practicable and as it shall determine to be equitable. In such event, the
     payroll deductions to be made pursuant to the Participants' authorizations
     shall be reduced accordingly, or refunded to the Participants, as the case
     may be, and the Company shall give written notice of such reduction or
     refund to each affected Participant.

     (b)  Appropriate adjustments in the aggregate number of shares of Common
     Stock that shall be made available for purchase under the Plan shall be
     made to give effect to any stock splits, stock dividends, or other similar
     changes in the capitalization of the Company. The establishment of the Plan
     shall not affect in any way the right or power of the Company to make
     adjustments, reclassifications, reorganizations, or changes in its capital
     or business structure or to merge, consolidate, dissolve, liquidate, sell,
     or otherwise transfer all or any part of its business or assets.
     Adjustments under this Section 5 shall be made in the sole discretion of
     the Committee, and its decision shall be binding and conclusive.

     (c)  A Participant shall not have any interest in shares covered by his
     authorized payroll deduction until shares of Common Stock are acquired for
     his Account.

                                       3

<PAGE>

6.   PARTICIPATION

     (a)  Each Employee who is a participant in the USF Employees' Stock
     Purchase Plan (the "Original ESPP") and who otherwise meets the eligibility
     requirements set forth in Section 3 of this Plan shall automatically become
     a Participant in the Plan on the Effective Date at the same rate of payroll
     deduction as he or she had elected under the Original ESPP, unless he or
     she affirmatively elects not to participate in the Plan. Except as set
     forth in the preceding sentence, Employees may become Participants in the
     Plan by authorizing a payroll deduction on a form provided by the
     Committee. Such authorization shall become effective on the Effective Date,
     or, if later, on the first day of the first payroll period of the calendar
     month next following the delivery of the authorization form to the
     Committee (or its designated representative); provided (i) that the
     Employee is eligible under Section 3 to participate in the Plan on such day
     and (ii) that if the authorization form is delivered to the Committee later
     than fifteen (15) days prior to the Effective Date (or the first day of the
     calendar month, if applicable), it shall become effective on the first day
     of the first payroll period of the next succeeding calendar month.

     (b)  At the time an Employee files his authorization for a payroll
     deduction, he shall elect to have deductions made from each paycheck that
     he receives, such deductions to continue until the Participant withdraws
     from the Plan or otherwise becomes ineligible to participate in the Plan.
     Authorized payroll deductions shall be in whole number increments and shall
     be for a minimum of three percent (3%) and a maximum of ten percent (10%)
     of the Participant's Compensation. The deduction rate so authorized shall
     continue in effect through the Offering Period and each succeeding Offering
     Period; provided, however, that a Participant may, as of the first day of
     the first payroll period of any calendar month, increase or decrease the
     rate of his payroll deduction by filing an authorization form with the
     Committee at least fifteen (15) or more days prior to such date.

     (c)  All Compensation deductions made for a Participant shall be credited
     to his Account. Except as may otherwise be provided by the Committee under
     Section 4, a Participant may not make any separate cash payment into his
     Account.

7.   PURCHASE OF SHARES

     (a)  On the date when a Participant's authorization form for a deduction
     becomes effective, and on each Offering Date thereafter, he shall be deemed
     to have been granted an option to purchase as many full and/or fractional
     shares of Common Stock as he will be able to purchase with the Compensation
     deductions credited to his Account during the payroll periods within the
     applicable Offering Period for which the Compensation deductions are made.
     In addition to the foregoing, any cash dividends paid on shares of Common
     Stock held in his Account shall be added to the Account, and used to
     purchase Common Stock as otherwise provided herein.

                                       4

<PAGE>

     (b) The purchase price for the shares of Common Stock to be purchased with
     payroll deductions from the Participant shall be equal to eighty-five
     percent (85%) (or such other amount as the Committee shall authorize, but
     in no event less than eighty-five percent (85%)) of the "fair market value"
     of a share of Common Stock on the Purchase Date. Fair market value shall be
     defined as the closing sales price of the Common Stock on the largest
     national securities exchange on which such Common Stock is listed at the
     time the Common Stock is to be valued. If the Common Stock is not then
     listed on any such exchange, the fair market value shall be the closing
     sales price if such is reported or otherwise the mean between the closing
     "Bid" and the closing "Ask" prices, if any, as reported in the National
     Association of Securities Dealers Automated Quotation System ("NASDAQ") for
     the date of valuation, or if none, on the most recent trade date thirty
     (30) days or less prior to the date of valuation for which such quotations
     are reported. If the Common Stock is not then listed on any such exchange
     or quoted in NASDAQ, the fair market value shall be the mean between the
     average of the "Bid" and the average of the "Ask" prices, if any, as
     reported in the National Daily Quotation Service for the date of valuation,
     or, if none, for the most recent trade date thirty (30) days or less prior
     to the date of valuation for which such quotations are reported. If the
     fair market value cannot be determined under the preceding three sentences,
     it shall be determined in good faith by the Committee.

8.   TIME OF PURCHASE

From time to time, the Committee shall grant to each Participant an option to
purchase shares of Common Stock in an amount equal to the number of shares of
Common Stock that the accumulated payroll deductions to be credited to his
Account during the Offering Period may purchase at the applicable purchase
price. Each Offering Period shall be for a specified period of time to be fixed
by the Committee and shall be for no less than one month. Each Participant who
elects to purchase shares of Common Stock hereunder shall be deemed to have
exercised his option automatically on such date of purchase. Administrative and
commission costs on purchases shall be paid by the Company. The Committee shall
cause to be delivered periodically to each Participant a statement showing the
aggregate number of shares of Common Stock in his Account, the number of shares
of Common Stock purchased for him in the preceding Offering Periods, the price
per share paid for the shares of Common Stock purchased for him during the
preceding Offering Periods, and the amount of cash, if any, remaining in his
Account at the end of the preceding Offering Periods.

A Participant may request delivery to him of the cash in his Account or of the
shares of Common Stock held in his Account at any time (subject to any
limitations imposed by Section 16(b) of the Securities Exchange Act of 1934),
and the delivery thereof shall be made at such regular time as the Company or
its transfer agent shall determine. If such delivery is required at a time other
than the normal transfer date set by the Company or its transfer agent, the
Participant requesting such transfer shall pay the costs thereof. All of the
cash deposits in his Account shall be paid to him promptly after receipt of
notice of withdrawal, without interest. Shares of Common Stock to be delivered
to a Participant under the Plan shall be registered in the name of the
Participant or, if the Participant so directs in writing to the Committee, in
the name of the Participant and such

                                       5

<PAGE>

person(s) as may be designated by the Participant, to the extent permitted by
applicable law, and delivered to the Participant as soon as practicable after
the request for a withdrawal. If a Participant wishes to sell the shares of
Common Stock in his Account, he may notify the Committee to sell the same, in
lieu of a distribution of such shares, in which event all commission costs
incurred in connection with the sale of the shares of Common Stock shall be
borne by the Participant. The Company shall pay administrative costs associated
therewith other than costs arising from a sale occurring at a time different
from the prearranged dates set by the Company or its transfer agent for making
such sales. If a Participant withdraws shares from his Account pursuant to this
Section 8, he shall not be eligible to make payroll deductions under the Plan
for a period of ninety (90) days following such withdrawal. Thereafter, the
Employee may resume his or her payroll deductions by filing a new authorization
form with the Committee as provided in Section 6.

9.   CESSATION OF PARTICIPATION

A Participant may cease participation in the Plan at any time by notifying the
Committee in writing of his intent to cease his participation. If such notice is
received by the Committee the Company shall distribute to the Participant all of
his accumulated payroll deductions, without interest. If any Participant ceases
participation in the Plan, no further Compensation deductions shall be made on
his behalf after the effective date of his cessation, except in accordance with
a new authorization form filed with the Committee as provided in Section 6.

10.  INELIGIBILITY

An Employee must be employed by the Company or an Affiliate on the Purchase Date
in order to participate in the purchase for that Offering Period. If an option
expires without first having been exercised, all funds credited to the
Participant's Account shall be refunded, without interest. If a Participant
becomes ineligible to participate in the Plan at any time, all Compensation
deductions made on behalf of the Participant that have not been used to purchase
shares of Common Stock shall be paid to the Participant within thirty (30) days
after the Committee determines that the Participant is not eligible to
participate in the Plan.

11.  DESIGNATION OF BENEFICIARY

A Participant may file a written designation of a beneficiary who shall receive
any shares of Common Stock (or remaining Compensation deductions) credited to
the Participant's Account under the Plan in the event of such Participant's
death prior to delivery to him of the certificates for such shares (or remaining
Compensation deductions). The designation of a beneficiary may be changed by the
Participant at any time by written notice given in accordance with rules and
procedures established by the Committee. Upon the death of a Participant, and
upon receipt by the Company of proof of the identity and existence, at the
Participant's death, of a beneficiary validly designated by him under the Plan,
the Company shall deliver such shares of Common Stock (or remaining Compensation
deductions) to such beneficiary. In the event of the death of the Participant,
and in the absence of a beneficiary validly designated under the Plan who is
living at the time of such Participant's death, the Company shall deliver such
shares (or

                                       6

<PAGE>

remaining Compensation deductions) to the executor or administrator of the
estate of the Participant, or if no such executor or administrator has been
appointed, the Company, in its sole discretion, may deliver such shares (or
remaining Compensation deductions) to the Participant's spouse or to any one or
more dependents or relatives of the Participant, or to such other person or
persons as the Company may designate on behalf of the estate of such deceased
Participant. As used herein, the term spouse shall not include any individual
from whom the Participant is legally separated on the date of the Participant's
death.

12.  TRANSFERABILITY

Neither Compensation deductions nor Plan contributions credited to a
Participant's Account nor any rights with regard to Plan participation or the
right to purchase shares of Common Stock under the Plan may be assigned,
transferred, pledged, or otherwise disposed of in any way by a Participant other
than by will or the laws of descent and distribution; provided, however, that
shares of Common Stock purchased on behalf of a Participant and left in his
Account shall be subject to his absolute control. Any attempted assignment,
transfer, pledge, or other disposition shall be void and without effect.

13.  AMENDMENT OR TERMINATION

The Board may, at any time amend the Plan in any respect, or terminate the Plan,
provided that no amendment or termination may decrease the rights of a
Participant during an Offering Period without his consent.

14.  NOTICES

All notices or other communications by a Participant under or in connection with
the Plan shall be deemed to have been duly given when received in writing by the
Chief Financial Officer of the Company or when received in the form specified by
the Committee at the location and by the person designated by the Committee for
the receipt thereof.

15.  INDEMNIFICATION OF COMMITTEE

In addition to such other rights of indemnification as they may have as
directors or as members of the Committee, the members of the Committee shall be
indemnified by the Company against all reasonable expenses, including attorneys'
fees, actually and reasonably incurred in connection with any appeal therein, to
which they or any of them may be a party by reason of any action taken by them
as members of the Committee and against all amounts paid by them in settlement
thereof (provided such settlement is approved by independent legal counsel
selected by the Company) or paid by them in satisfaction of a judgment in any
such action, suit or proceeding, except in relation to matters as to which it
shall be adjudged in such action, suit or proceeding that the Committee member
is liable for gross negligence or willful misconduct in the performance of his
or her duties. To receive such indemnification, a Committee member must first
offer in writing to the Company the opportunity, at its own expense, to defend
any such action, suit or proceeding.

                                       7

<PAGE>

16.  LIMITATIONS

Notwithstanding any other provisions of the Plan:

     (a)  All Employees shall have the same rights and privileges under the
     Plan, except that the amount of Common Stock that may be purchased pursuant
     to the Plan shall bear a uniform relationship to an Employee's
     Compensation. All rules and determinations of the Committee shall be
     uniformly and consistently applied to all persons in similar circumstances.

     (b)  Nothing in the Plan shall confer upon any Employee the right to
     continue in the employment of the Company or any Affiliate or affect the
     right that the Company or any Affiliate may have to terminate the
     employment of such Employee.

     (c)  No Participant shall have any right as a stockholder unless and until
     certificates for shares of Common Stock are issued to him or allocated to
     his Account.

     (d)  Under any provision of the Plan that requires a computation of the
     number of shares of Common Stock to be purchased, such number of shares of
     Common Stock may be expressed as a whole number or as a fractional portion
     of a whole number.

     (e)  The Plan is intended to provide shares of Common Stock for investment
     and not for resale. The Company does not, however, intend to restrict or
     influence any Participant in the conduct of his own affairs. A Participant,
     therefore, may sell shares of Common Stock purchased under the Plan at any
     time he chooses, subject to compliance with any applicable federal or state
     securities laws or any applicable Company restriction or blackout periods;
     provided, however, that because of certain federal tax requirements, each
     Participant shall agree, by entering the Plan:

          (i)  that the Company may withhold, pursuant to Code ss.ss. 3102,
          3301, and 3402, from his wages and other cash compensation paid to him
          in all payroll periods following in the same calendar year, any taxes
          the Company may become liable for in respect of amounts includable in
          his income as compensation as a result of the acquisition of Common
          Stock under the Plan; and

          (ii) that he shall repay the Company any amount of taxes the Company
          may become liable for in respect of amounts includable in his income
          as compensation as a result of a purchase of Common Stock under the
          Plan that cannot be satisfied by withholding from the wages and other
          cash compensation paid to him by the Company.

     (f)  This Plan is intended to comply in all respects with applicable law
     and regulations. In case any one or more provisions of this Plan shall be
     held invalid, illegal, or unenforceable in any respect under applicable law
     and regulations, the validity,

                                       8

<PAGE>

     legality, and enforceability of the remaining provisions shall not in any
     way be affected or impaired thereby and the invalid, illegal, or
     unenforceable provision shall be deemed null and void; however, to the
     extent permitted by law, any provision that could be deemed null and void
     shall first be construed, interpreted, or revised retroactively to permit
     this Plan to be construed in compliance with all applicable law, so as to
     further the intent of this Plan.

17.  EFFECTIVE DATE AND APPROVALS

The Plan shall become effective at a time when:

     (a)  the Plan has been adopted by the Board; and

     (b)  a registration statement on Form S-8 under the Securities Act of 1933,
     as amended, has become effective with respect to the Plan; and

     (c)  the Committee has notified the eligible Employees that they may
     commence participation in the Plan.

Unless sooner terminated by the Board, the Plan shall terminate upon the earlier
of (i) the tenth (10th) anniversary of the adoption of the Plan by the Board, or
(ii) the date on which all shares available for issuance under the Plan shall
have been sold under the Plan.

18.  APPLICABLE LAW

All questions pertaining to the validity, construction, and administration of
the Plan shall be determined in conformity with the laws of Delaware.

                                       9

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