Document:

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                                                                   EXHIBIT 10.46

                       GRANITE BROADCASTING CORPORATION
                            2000 STOCK OPTION PLAN

     1. Purpose. The purpose of the Granite Broadcasting Corporation 2000 Stock
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Option Plan (the "Plan") is to provide a means by which certain employees,
officers, directors and consultants of Granite Broadcasting Corporation (the
"Company") and its Affiliates (as defined below) may be given an opportunity to
purchase non-voting common stock of the Company. Options that may be granted
under this Plan include (a) "incentive stock options" as such term is defined in
Section 422 of the Internal Revenue Code of 1986, as amended (the "Code")
("Incentive Stock Options") and (b) options which would not constitute Incentive
Stock Options ("Nonqualified Stock Options") (Incentive Stock Options and
Nonqualified Stock Options collectively referred to as "Options"). The Plan is
intended to advance the interests of the Company by encouraging stock ownership
on the part of certain employees, officers, directors and consultants by
enabling the Company (and its Affiliates) to secure and retain the services of
highly qualified persons, and by providing such individuals with an additional
incentive to advance the success of the Company (and its Affiliates). For
purposes of this Plan, Affiliate shall mean any parent or subsidiary of the
Company or any entity controlled by, or in control of, the Company. With respect
to Incentive Stock Options, grants shall only be made to employees of the
Company and any "parent corporation" or "subsidiary corporation" of the Company.
The term "parent corporation" shall have the meaning set forth in Section 424(e)
of the Code and the term "subsidiary corporation" shall have the meaning set
forth in Section 424(f) of the Code. Affiliation shall refer to a group of
Affiliates.

     2. Stock Subject to Option. Subject to adjustment as provided in Sections
        -----------------------
4(i), options may be granted by the Company from time to time to purchase up to
an aggregate of 4,000,000 shares of the Company's authorized but unissued Common
Stock (nonvoting), par value $0.01 per share (the "Common Stock") or Common
Stock reacquired in any manner; provided, that, no more than 4,000,000 shares
shall be used for grant of Incentive Stock Options; provided, further, that, no
employee shall be granted in any calendar year Options to purchase more than
4,000,000 shares. Shares that by reason of the expiration of an Option or
otherwise are no longer subject to purchase pursuant to an Option granted under
the Plan may be again available for issuance pursuant to Options under the Plan.
Shares tendered by an Optionee (as defined below) to pay all or part of the
Option Price (as defined below) of an Option and shares that are withheld to pay
taxes associated with the exercise of an Option may be again available for
issuance pursuant to Nonqualified Stock Options under the Plan.

     3. Participants. Persons eligible to be granted Options under the Plan
        ------------
shall be limited to employees (including future and prospective employees),
officers, directors and consultants of the Company (or its Affiliates) who are
selected to participate, as indicated by the action of the Committee (as defined
below) in granting an Option to such individual.

     4. Terms and Conditions of Options. The Committee (as defined below) may
        -------------------------------
grant Options from time to time pursuant to the Plan. Such Options shall be
evidenced by written stock option agreements signed by the Optionee and by a
duly authorized officer of the Company or by any member of the Committee (the
"Agreements"). The Agreements shall be
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subject to the terms and conditions of the Plan, shall specify whether the
Options are Incentive Stock Options or Nonqualified Stock Options and shall
contain such other provisions as the Committee in its discretion shall deem
appropriate. Shares of Common Stock that may be purchased under an Option
granted pursuant to this Plan shall sometimes hereinafter be referred to as
"Option Shares," and a recipient to whom Options are granted shall sometimes
hereinafter be referred to as an "Optionee."

          (a) Option Price. The Option Price for each Incentive Stock Option per
              ------------
     share shall not be less than the Fair Market Value (as defined below) of a
     share of the Common Stock on the date the Option is granted (the "Option
     Price"). The Option Price for each Nonqualified Stock Option per share
     shall be specified by the Committee at the time such Option is granted, and
     may be less than, equal to or greater than the Fair Market Value of the
     shares of Common Stock on the date such Option is granted. The Option Price
     for Incentive Stock Options granted to any employee owning stock (including
     any attribution of stock ownership under Section 424(d) of the Code)
     possessing more than 10% of the total combined voting power of all classes
     of stock of the Company or any of its Affiliates on the date such Option is
     granted (hereinafter a "10% Shareholder"), shall be at least 110% of the
     Fair Market Value of the Common Stock on the date the Option is granted.
     For purposes of the Plan, "Fair Market Value" as of a particular date means
     the last reported sale price of the Common Stock on the New York Stock
     Exchange or such other exchange or national quotation system that the
     Common Stock is then trading on the last trading date immediately prior to
     such date.

          (b) Term of Option. Each Option granted under this Plan shall expire
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     no later than ten years after the date the Option is granted. If an
     Incentive Stock Option is granted to an employee who is a 10% Shareholder,
     then, for purposes of such Incentive Stock Option the word "five" shall be
     substituted for the word "ten" in the immediately preceding sentence.

          (c) Exercise of Option. Except as otherwise specifically provided in
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     this Plan, each Option will be exercisable according to the provisions of
     an Optionee's Agreement. Unless otherwise provided in an Agreement, all
     Options of an Optionee shall become immediately exercisable upon the (i)
     death or disability (as determined by the Committee) of such Optionee and
     (ii) the occurrence of a Change of Control (as defined below). A "Change of
     Control" shall occur on the date on which W. Don Cornwell no longer owns,
     beneficially, in excess of 50% of the issued and outstanding Class A Common
     Stock of the Company.

          (d) Manner of Exercise. Shares of Common Stock purchased upon exercise
              ------------------
     of Options shall at the time of purchase be paid for in full. To the extent
     that an Option is exercisable, Options may be exercised from time to time
     by written notice to the Company stating the full number of shares with
     respect to which the Option is being exercised, accompanied by full payment
     of the Option Price, for the shares being purchased, by certified or
     official bank check or the equivalent thereof acceptable to the Company. At
     the discretion of the Committee, the payment of the Option Price may be (i)
     in the form of Common Stock (or the attestation of ownership thereof), the
     value of which shall be deemed to be the closing price on the last trading
     date prior to date on

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     which the shares are tendered for payment of the exercise price; provided,
     that, if such shares have been acquired from the Company, they have been
     held for at least six (6) months (or such longer or shorter period as may
     be required to avoid recording an expense for accounting purposes), or (ii)
     pursuant to a "cashless" exercise method established by the Committee with
     a broker-dealer as permitted under Regulation T of the Federal Reserve
     Board, or (iii) through such other means as established by the Committee or
     (iv) by any combination of the foregoing. An Optionee's subsequent transfer
     or disposition of any Common Stock acquired upon exercise of an Option
     shall be subject to any federal or state laws then applicable, specifically
     securities law.

          (e) Limitation on Amount. Any options intended to be Incentive Stock
              --------------------
     Options which, when first exercisable during any calendar year (combined
     with all other incentive stock option plans of the Company and its
     Affiliates), will permit such employee to purchase stock that has an
     aggregate fair market value (determined as of the time the option is
     granted) of more than $100,000, will automatically be deemed to be
     Nonqualified Stock Options to the extent required under Section 422(d) of
     the Code.

          (f) Non-Assignability of Option Rights. Options under the Plan will
              ----------------------------------
     not be transferable by an Optionee except by will or the laws of descent
     and distribution. During the lifetime of the Optionee, the Option is
     exercisable only by the Optionee or, in the event of the Optionee's
     incapacity, by his duly authorized legal representative. Notwithstanding
     the foregoing, the Committee may, in its discretion, authorize all or a
     portion of the Option (other than Incentive Stock Options) granted to a
     Optionee to be on terms which permit transfer by such Optionee to (i)
     except as otherwise determined by the Committee, the spouse, children,
     grandchildren, stepchildren, parents, stepparents, siblings, in-laws and
     persons related by reason of legal adoption, of such Optionee ("Immediate
     Family Members"), (ii) a trust or trusts for exclusive benefit of such
     Immediate Family Members, or (iii) a partnership or limited liability
     company in which such Immediate Family Members are the only partners or
     members, as applicable; provided, that (x) there may be no consideration
     for any such transfer, (y) the Agreement pursuant to which such options are
     granted must be approved by the Committee and must expressly provide for
     transferability in a manner consistent with this Section, and (z)
     subsequent transfers of transferred Options shall be prohibited except
     those occurring by laws of descent and distribution. Following transfer,
     any such Options shall continue to be subject to the same terms and
     conditions as were applicable immediately prior to transfer; provided,
     that, for purposes of the Plan, the term Optionee shall be deemed to refer
     to the transferee; provided, however, that, the Option shall continue to be
     exercisable and shall terminate in accordance with its terms as if the
     transferor remained the holder of the Option. Options under the Plan may
     not be pledged, mortgaged, hypothecated or otherwise encumbered, and shall
     not be subject to the claims of creditors.

          (g) Termination of Continuous Service. Each Agreement shall provide
              ---------------------------------
     what effect, if any, a termination of Continuous Service will have with
     respect to outstanding Options, whether or not then vested. For purposes of
     the Plan, Continuous Service means that an Optionee's service with the
     Company or an Affiliate, whether as an employee, officer, director or
     consultant, is not interrupted or terminated. The

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     Optionee's Continuous Service shall not be deemed to have terminated merely
     because of a change in the capacity in which the Optionee renders service
     to the Company or an Affiliate as an employee, officer, consultant or
     director or a change in the entity for which the Optionee renders such
     service, provided that there is no interruption or termination of the
     Optionee's Continuous Service. For example, a change in status from an
     employee of the Company to a consultant of an Affiliate or a director will
     not constitute an interruption of Continuous Service. The Committee, in its
     sole discretion, may determine whether Continuous Service shall be
     considered interrupted.

          (h) Changes to Capital Structure; Need for Adjustment. The existence
              -------------------------------------------------
     of outstanding Options shall not affect in any way the right or power of
     the Company or its stockholders to make or authorize any or all
     adjustments, recapitalizations, reorganizations or other changes in the
     Company's capital structure or its business, or any merger or consolidation
     of the Company, or any issue of bonds, debentures, preferred or prior
     preference stock ahead of or affecting the stock or the rights thereof, or
     the dissolution or liquidation of the Company, or any sale or transfer of
     all or any part of its assets or business, or any other corporate act or
     proceeding, whether of a similar character or otherwise.

          Except as otherwise expressly provided in Section 4(i), the issuance
     by the Company of shares of stock of any class, or securities convertible
     into shares of stock of any class, for cash or property, or for labor or
     services either upon direct sale or upon the exercise of rights or warrants
     to subscribe therefor, or upon conversion of shares or obligations of the
     Company convertible into such shares or other securities, shall not affect
     or necessitate any adjustment to the number, class or price of shares of
     stock then subject to outstanding options.

          (i) Adjustments. Subject to Section 4(h), in the event of any change
              -----------
     in the outstanding Common Stock by reason of any share dividend or split,
     recapitalization, merger, consolidation, spin-off, combination or exchange
     of shares or other corporate change, or any distribution to holders of the
     Common Stock other than regular cash dividends, the number or kind of
     shares available for Options under the Plan may be adjusted by the
     Committee as it shall in its sole discretion deem equitable and the number
     and kind of shares subject to any outstanding Options granted under the
     Plan and the purchase price thereof may be adjusted by the Committee as it
     shall in its sole discretion deem equitable to preserve the value of such
     Option; provided, that, in the case of Incentive Stock Options, such
     adjustment shall be made in a manner consistent with the manner set forth
     in Section 424(a) of the Code.

          (j) Time of Granting Options. The grant of an option shall occur only
              ------------------------
     when an Agreement shall have been duly executed and delivered by or on
     behalf of the Company and the individual to whom such option shall be
     granted.

          (k) Reloads. The Committee may provide, at the date of grant of an
              -------
     Option, that in the event an Optionee pays the Option Price of such Option
     (in whole or in part) by tendering Common Stock owned by the Optionee, such
     Optionee shall automatically be granted a reload option for the number of
     shares of Common Stock used to pay the

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     Option Price plus the number of shares withheld to pay for federal, state
     or local taxes associated with the exercise of the Option (the "Reload
     Option"). The Reload Option shall be subject to the terms and conditions
     that the Committee will in its discretion provide, consistent with the
     terms of the Plan at the time the original Option is granted. Unless the
     Committee explicitly provides otherwise, if a Reload Option is granted as
     set forth above, one or more successive Reload Options will be
     automatically granted to an Optionee who pays all or part of the Option
     Price of any such Reload Option by tendering Common Stock owned by the
     Optionee.

     5.   Administration.
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          (a) The Plan shall be administered by the Company's Stock Option
     Committee and its Compensation Committee (sometimes collectively referred
     to as the "Committee"), as provided below. The Stock Option Committee shall
     consist of at least three (3) members to be appointed by the Board of
     Directors, or such lesser or greater number of members as the Board of
     Directors shall determine. The Stock Option Committee is only authorized to
     grant Options to eligible persons who are either (i) not then "covered
     employees" within the meaning of Section 162(m) of the Code and are not
     expected to be covered employees at the time of recognition of income
     resulting from such Option or not persons with respect to whom the Company
     wishes to comply with Section 162(m) of the Code or (ii) not then subject
     to Section 16 of the Securities Exchange Act of 1934, as amended (the
     "Exchange Act"). The Compensation Committee shall consist of not less than
     two (2) members of the Board of Directors, to be appointed by the Board of
     Directors of the Company and who are "non-employee directors" within the
     meaning of Rule 16b-3 as promulgated under Section 16 of the Exchange Act
     and who are also "outside directors" within the meaning of Section 162(m)
     of the Code. The Compensation Committee shall make all determinations and
     Option awards to all other individuals not covered under clause (i) through
     (ii) above. The foregoing notwithstanding, with respect to Options that:
     (A) are intended to qualify as "performance-based" under Section 162(m) of
     the Code, and/or (B) are granted to individuals who qualify as "insiders"
     under Section 16 of the Exchange Act, (1) any Compensation Committee
     members who do not qualify as "outside directors" and/or "non-employee
     directors," as the case may be, shall have no authority to act and shall
     automatically be recused from any action with respect to Options, and (2)
     the remaining qualifying directors shall be authorized to act independently
     without further approval. The Board of Directors may, from time to time,
     remove members from or add members to the Committee. Vacancies in the
     Committee, however caused, shall be filled by the Board of Directors.
     Notwithstanding the foregoing, if the Committee does not exist, or for any
     other reason determined by the Board of Directors, the Board of Directors
     may take any action under the Plan that would otherwise be the
     responsibility of the Committee; provided, however, that if any members of
                                      --------  -------
     the Board of Directors do not qualify as "outside directors", only the
     Compensation Committee appointed above may grant Options that are intended
     to be performance-based under Section 162(m) of the Code.

          (b) Subject to clause (a) above, the Committee shall (i) approve the
     selection of participants, (ii) determine the type of Options to be made to
     participants, (iii)

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     determine the number of shares of Common Stock subject to Options, (iv)
     determine the terms and conditions of any Option granted hereunder
     (including, but not limited to, any restriction and forfeiture conditions
     on such award) and (v) have the authority to interpret the Plan, to
     establish, amend, and rescind any rules and regulations relating to the
     Plan, to determine the terms and provisions of any Agreements entered into
     hereunder, and to make all other determinations necessary or advisable for
     the administration of the Plan. The Committee may correct any defect,
     supply any omission or reconcile any inconsistency in the Plan or in any
     Option in the manner and to the extent it shall deem desirable to carry it
     into effect.

          (c) Any action of the Committee shall be final, conclusive and binding
     on all persons, including the Company and its Affiliates and shareholders,
     Optionees and persons claiming rights from or through an Optionee.

          (d) The Committee may delegate to officers or employees of the Company
     or any Affiliate, and to service providers, the authority, subject to such
     terms as the Committee shall determine, to perform administrative functions
     with respect to the Plan and Agreements.

          (e) Members of the Committee and any officer or employee of the
     Company or any Affiliate acting at the direction of, or on behalf of, the
     Committee shall not be personally liable for any action or determination
     taken or made in good faith with respect to the Plan, and shall, to the
     extent permitted by law, be fully indemnified by the Company with respect
     to any such action or determination

     6.   Requirements of Law. Each Option under the Plan shall be subject to
          -------------------
the requirement that if at any time the Committee shall determine that the
listing, registration or qualification of any shares issuable or deliverable
thereunder upon any securities exchange or under any Federal or state law, or
the consent or approval of any governmental regulatory body, is necessary or
desirable as a condition thereof, or in connection therewith, no such grant or
award may be exercised or shares issued or delivered unless such listing,
registration, qualification, consent or approval shall have been effected or
obtained free of any conditions not acceptable to the Committee.

     7.   Intention of Plan. Incentive Stock Options granted pursuant to this
          -----------------
Plan are intended to qualify as Incentive Stock Options within the meaning of
Section 422 of the Code, and the terms of this Plan and Options granted
hereunder shall be so construed; provided, however, that nothing in this Plan
                                 --------  -------
shall be interpreted as a representation, guarantee or other undertaking on the
part of the Company that any Options granted pursuant to this Plan are, or will
be, determined to be Incentive Stock Options, within the meaning of the Code.

     8.   General Provisions.
          ------------------

          (a) The Committee may require each participant purchasing or acquiring
     shares pursuant to an option under the Plan to represent to and agree with
     the Company in writing that such participant is acquiring the shares for
     investment and without a view to distribution thereof.

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          (b) All certificates for Common Stock delivered under the Plan
     pursuant to any Option shall be subject to such stock-transfer orders and
     other restrictions as the Committee may deem advisable under the rules,
     regulations, and other requirements of the Securities and Exchange
     Commission, any stock exchange upon which the Common Stock is then listed,
     and any applicable Federal or state securities law, and the Committee may
     cause a legend or legends to be put on any such certificates to make
     appropriate reference to such restrictions. If the Committee determines
     that the issuance of Common Stock hereunder is not in compliance with, or
     subject to an exemption from, any applicable Federal or state securities
     laws, such shares shall not be issued until such time as the Committee
     determines that the issuance is permissible.

          (c) It is the intent of the Company that the Plan satisfy, and be
     interpreted in a manner that satisfies, the applicable requirements of Rule
     16b-3 as promulgated under Section 16 of the Exchange Act so that Optionees
     will be entitled to the benefit of Rule 16b-3, or any other rule
     promulgated under Section 16 of the Exchange Act, and will not be subject
     to short-swing liability under Section 16. Accordingly, if the operation of
     any provision of the Plan would conflict with the intent expressed in this
     Section 8(c), such provision to the extent possible shall be interpreted
     and/or deemed amended so as to avoid such conflict.

          (d) Except as otherwise provided by the Committee in the applicable
     Agreement, a participant shall have no rights as a shareholder with respect
     to any shares of Common Stocks subject to an Option until a certificate or
     certificates evidencing shares of Common Stock shall have been issued to
     the participant and, subject to Section 4(i), no adjustment shall be made
     for dividends or distributions or other rights in respect of any share for
     which the record date is prior to the date on which participant shall
     become the holder of record thereof.

          (e) The law of the State of New York shall apply to interpretations
     under the Plan regardless of the effect of such state's conflict of laws
     principles.

          (f) Where the context requires, words in any gender shall include any
     other gender.

          (g) Headings of Sections are inserted for convenience and reference;
     they do not constitute any part of this Plan.

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     9. Withholding. To the extent provided by the terms of an Agreement, the
        -----------
Optionee may satisfy any federal, state or local tax withholding obligation
relating to the exercise or acquisition of Common Stock under an Option by any
of the following means (in addition to the Company's right to withhold from any
compensation paid to the Optionee by the Company) or by a combination of such
means: (i) tendering a cash payment; (ii) authorizing the Company to withhold
shares of Common Stock from the shares of Common Stock otherwise issuable to the
participant as a result of the exercise or acquisition of Common Stock under the
option; provided, however, that no shares of Common Stock are withheld with a
value exceeding the minimum amount of tax required to be withheld by law; or
(iii) delivering to the Company owned and unencumbered shares of Common Stock
not acquired from the Company.

     10. No Obligation of Employment. Nothing in this Plan or contained in an
         ---------------------------
Option granted hereunder or in any Agreement shall govern the employment or
service rights and duties between the Optionee and the Company or any Affiliate.
Neither this Plan, nor any grant or exercise pursuant thereto, shall constitute
an employment or service agreement among such parties. The granting of any
Option hereunder shall not impose upon the Company or an Affiliate any
obligation to employ or continue to employ any Optionee as an employee or
service provider. The right of the Company to terminate the employment or
service of any Optionee shall not be diminished or affected by reason of a grant
or the existence of an Option hereunder.

     11. Amendment. The Board may amend, suspend or terminate the Plan or any
         ---------
portion thereof at any time, provided that (a) no amendment shall be made
without shareholder approval if such approval is necessary to comply with any
applicable law, regulation or stock exchange rule and (b) except as provided in
Sections 4(h) or 4(i), no amendment shall be made that would adversely affect
the rights of an Optionee under an option theretofore granted, without such
Optionee's written consent.

     12. Term of Plan. Subject to earlier termination pursuant to Section 11,
         ------------
the Plan shall have a term of 10 years from its Effective Date.

     13. Effective Date; Approval of Shareholders. The Plan is effective as of
         ----------------------------------------
April 25, 2000 (the "Effective Date"). The Plan is conditioned upon the approval
of the shareholders of the Company, and failure to receive their approval shall
render the Plan and all outstanding options issued thereunder void and of no
effect.

                                       8<PAGE>

                                                                   Exhibit 10(A)

                                                                  Composite Copy
                                                       (as of February 14, 2000)

                                 INTERTAN, INC.

                           DEFERRED COMPENSATION PLAN

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                                  ARTICLE ONE

                                    PURPOSE

Section 1.1  The purpose of this InterTAN, Inc. Deferred Compensation Plan (the
"Plan") is to enable InterTAN, Inc. ("InterTAN") and its subsidiaries to secure
and retain the services of outstanding key executive personnel by providing,
subject to the provisions of the Plan, income payments to key executive
employees during their lifetime and to their beneficiaries following their
death.

                                  ARTICLE TWO

                                  DEFINITIONS

Section 2.1  Beneficiary. The recipient(s) designated (in accordance with
Article Seven) by a Participant in the Plan to whom benefits are payable
following his death.

Section 2.2  Committee. The Organization and Compensation Committee of the Board
of Directors of InterTAN, which shall administer the Plan in accordance with
Article Nine.

Section 2.3  Disability. A physical or mental condition which, in the opinion of
the Committee, totally and presumably permanently, prevents a Participant from
substantially performing duties for which such Participant is suited to perform
either by education or training, or if such Participant is on a Leave of Absence
when such condition develops, substantially performing duties for which such
Participant is suited to perform either by education or training. A
determination that Disability exists shall be based upon competent medical
evidence satisfactory to the Committee. The date that any person's Disability
occurs shall be deemed to be the date such condition is determined to exist by
the Committee.

Section 2.4  Employee. A regular full-time executive employee of InterTAN.

Section 2.5  Leave of Absence. Any period during which:

          (a) an Employee is absent with the prior consent of InterTAN, which
consent shall be granted under uniform rules applied to all Employees on a
nondiscriminatory basis, but only if such person is an Employee immediately
prior to the commencement of such period of authorized absence and resumes
employment with InterTAN not later than the first working day following the
expiration of such period of authorized absence; or

          (b) an Employee is a member of the Armed Forces of the United States
or that nation in which he resides, and his reemployment rights are guaranteed
by law, but only if such
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person is an Employee immediately prior to becoming a member of such Armed
Forces and resumes employment with InterTAN within the period during which his
reemployment rights are guaranteed by law.

Section 2.6  Participant. An Employee who has been selected and has accepted a
Plan Agreement as provided in Article Three.

Section 2.7  Plan Agreement. The agreement between InterTAN and a Participant,
entered into in accordance with Article Three, and in the form of attached
Exhibit "A" (as such form may be amended from time to time hereunder).

Section 2.8  Plan Benefit Amount. Plan Benefit Amount means the dollar amount
set forth and so designated in a Participant's Plan Agreement.

Section 2.9  Retirement. The following classifications of Retirement as referred
to in this Plan are defined as follows:

          (a) Early Retirement. The voluntary election, as opposed to
involuntary termination by InterTAN, prior to the Participant's attaining the
age of sixty-five (65) years, by a Participant to terminate his employment after
attaining the age of fifty-five (55) years.

          (b) Normal Retirement. The termination of a Participant's service with
InterTAN at the date of attaining age sixty-five (65) years.

          (c) Late Retirement. The termination of a Participant's service with
InterTAN after the Participant's attaining the age of sixty-five (65) years.

Section 2.10  InterTAN.  InterTAN, Inc., a Delaware corporation, and those
subsidiary corporations in which InterTAN owns at least eighty percent (80%) of
the total combined voting power of all classes of stock entitled to vote.

Section 2.11  InterTAN Subsidiary. Any corporation in which InterTAN owns at
least eighty percent (80%) of the total combined voting power of all classes of
stock entitled to vote.

                                 ARTICLE THREE

                         SELECTION OF PARTICIPANTS AND
                            AGREEMENT TO PARTICIPATE

Section 3.1  The Committee, in its sole and exclusive discretion, shall select
from among the key executive employees of InterTAN, candidates for participation
in the Plan. A candidate shall become a Participant only upon his execution of a
Plan Agreement and a Beneficiary Designation Form (a form being attached as
Exhibit "B").

Section 3.2    Subject to Section 8.4 hereof, the Committee reserves the right,
at its discretion, and without prejudice or liability, to terminate any Plan
Agreement with any Participant of InterTAN at any time prior to the
Participant's retirement or death.

                                       2
<PAGE>

                                  ARTICLE FOUR

                                 LIFE INSURANCE

Section 4.1  InterTAN may obtain life insurance insuring the life of any
Participant as a means of funding InterTAN's obligations to his Beneficiary in
whole or part. InterTAN shall be the sole owner and beneficiary of all such
policies of insurance so obtained and of all incidents of ownership therein,
including without limitation, the rights to all cash and loan values, dividends
(if any), death benefits and the right to terminate. No Beneficiary or
Participant shall be entitled to any rights, interests or equities in such
policies or to any specific asset of InterTAN of any type, and on the contrary,
their rights against InterTAN under the Plan shall be solely as general
creditors.

Section 4.2  If as a result of misrepresentations made by a Participant in any
application for life insurance upon his life obtained by InterTAN hereunder, the
insurance carrier or carriers or any reinsurance thereof successfully avoid(s)
payment to InterTAN of the proceeds of its or their policy or policies, or such
proceeds are not payable because the Participant's death results from suicide
within two (2) years of the issuance of such policy or within two (2) years of
the issuance to InterTAN of additional policies obtained by InterTAN hereunder,
then, in any of said events, notwithstanding any other provisions of the Plan or
of the Plan Agreement with such Participant, InterTAN shall have no obligation
to his Beneficiary to provide any of the death benefits otherwise payable under
the terms thereof.

Section 4.3  Each Participant shall cooperate in the securing of life insurance
on his life by furnishing such information as the insurance company may require,
taking such physical examinations as may be necessary, and taking any other
action which may be requested by InterTAN or the insurance company to obtain
such insurance coverage.  If a Participant refuses to cooperate in the securing
of life insurance, or if InterTAN is unable to secure life insurance at a rate
that it deems acceptable, acting reasonably, then the Plan Agreement shall be of
no force and effect as to a Participant unless InterTAN waives such requirement
in writing.

                                  ARTICLE FIVE

                      BENEFITS PAYABLE TO PARTICIPANTS AND
                        TO BENEFICIARIES OF PARTICIPANTS

Section 5.1  Subject to the terms and conditions of the Plan, upon the
Retirement of a Participant, InterTAN agrees to pay to Participant a Retirement
benefit as follows:

          (a) Normal Retirement.  If a Participant retires at the date of Normal
Retirement, then InterTAN agrees to pay to Participant or to the designated
Beneficiary of Participant in the event of the death of Participant prior to the
termination of payment of Retirement benefits hereunder, all from its general
assets, an amount equal to such Participant's Plan Benefit Amount, such sum to
be paid as set forth in Section 5.3 hereof.

                                       3
<PAGE>

          (b) Early Retirement.  If a Participant retires at a time that
constitutes an Early Retirement, then InterTAN agrees to pay to Participant or
to the designated Beneficiary of Participant in the event of the death of
Participant prior to the termination of payment of Early Retirement benefits
hereunder, all from its general assets, an amount equal to such Participant's
Plan Benefit Amount reduced by five percent (5%) per year for each year that
Early Retirement precedes the date of Normal Retirement. Such year shall be a
fiscal year beginning on the date a Participant attains age fifty-five (55). Any
reduction for a part of a year shall be prorated on a daily basis assuming a 365
day year. Such amount shall be paid as set forth in Section 5.3 hereof.

          (c) Late Retirement. If a Participant retires at a date that
constitutes Late Retirement, then InterTAN agrees to pay to Participant or to
the designated Beneficiary of Participant in the event of the death of
Participant prior to the termination of payment of Late Retirement benefits
hereunder, all from its general assets, an amount equal to such Participant's
Plan Benefit Amount, reduced by a percentage determined as follows:

                Age on Date of        Percent of Reduction
                Late Retirement       of Plan Benefit Amount
                ---------------       ----------------------
                     66                       0%
                     67                       0%
                     68                       0%
                     69                       0%
                     70                       0%
                     71                       20%
                     72                       40%
                     73                       60%
                     74                       80%
                     75                       100%

The percent of reduction of a Participant's Plan Benefit Amount shall be
measured on a fiscal year beginning on the date of Participant's date of birth
and shall commence on the day after the date a Participant attains age 70, and
any reduction for a part of a year shall be prorated on a daily basis at the
applicable percentage assuming a 365 day year. Such amount shall be paid as set
forth in Section 5.3 hereof.

Section 5.2  Subject to the terms and conditions of the Plan, upon the death of
a Participant, but only if the Participant is an Employee of InterTAN at his
death (except as set forth in Section 5.2(c) below) and is not entitled to
Retirement benefits pursuant to a Plan Agreement at such time, InterTAN agrees
to pay to his Beneficiary from its general assets an amount equal to such
Participant's Plan Benefit Amount as reflected in Employee's Plan Agreement or,
as the case may be, in the last amendment to such Plan Agreement. With respect
to such benefits, however, it is further provided that:

          (a) no benefits shall be payable to the Beneficiary of a Participant
in those instances covered by Section 4.2;

          (b) if a Participant dies while an Employee of InterTAN after the date
of his Normal Retirement, then the amount payable to his Beneficiary upon a
Participant's death shall be reduced as set forth in Section 5.1(c) hereof.

          (c) the death of a Participant within the first year after involuntary
termination of employment with InterTAN as provided in Section 8.6 shall not
defeat the right of such Participant's Beneficiary to receive benefits under
this Section 5.2 so long as an event described in Section 8.5(a), (b) or (c)
occurs within one year of the date of termination of the Participant's
employment.

                                       4
<PAGE>

Section 5.3  The aggregate amount payable upon the Normal Retirement, Early
Retirement, Late Retirement, benefits due and payable under Section 8.5 or 8.6
hereof or death of a Participant to a Participant or his Beneficiary shall be
paid in one hundred twenty (120) equal monthly installment payments commencing
on the first day of the month next following thirty (30) days after Retirement
or after the Committee's receipt of a certified death or proof of death
certificate verifying the Participant's death or at the time stated in Section
8.5 or 8.6 hereof.  A Participant shall notify InterTAN of Retirement by hand
delivery or by certified or registered mail, return receipt requested, postage
prepaid, of a written Notice of Retirement specifying the effective date of
Retirement, such written notice to be addressed to: Organization and
Compensation Committee of the Board of Directors, InterTAN, Inc., Suite 904,
3300 Highway #7, Concord, Ontario, Canada L4K 4M3.  Such notice shall be deemed
to be received when actually received by said Organization and Compensation
Committee at said address as may be changed from time to time in the Plan
Agreements, as amended.

Section 5.4  Until actually paid and delivered to the Participant or to the
Beneficiary entitled to same, none of the benefits payable by InterTAN under any
Plan Agreement shall be liable for the debts or liabilities of either the
Participant or his Beneficiary, nor shall the same be subject to seizure by any
creditor of the Participant or his Beneficiary under any writ or proceeding at
law, in equity or in bankruptcy. Further, no Participant or Beneficiary shall
have power to sell, assign, transfer, encumber, or in any manner anticipate or
dispose of the benefits to which he is entitled or may become entitled under a
Plan Agreement.

Section 5.5

          (a) During the period that Participant is receiving benefits under a
Plan Agreement and for one (1) year after cessation of payment of benefits,
Participant agrees that he will not, either directly or indirectly, within the
United States of America or in any country of the world that InterTAN sells,
imports, exports, assembles, packages or furnishes its products, articles,
parts, supplies, accessories or services or is causing them to be sold,
imported, exported, assembled, packaged or furnished through related entities,
representatives, agents, or otherwise, own, manage, operate, join, control, be
employed by, be a consultant to, be a partner in, be a creditor of, engage in
joint operations with, be a stockholder, officer or director of any corporation,
sole proprietorship or business entity of any type, or participate in the
ownership, management, direction, or control or in any other manner be connected
with, any business of manufacturing, designing, programming, servicing,
repairing, selling, leasing, or renting any products, articles, parts, supplies,
accessories or services which is at the time of Participant's engaging in such
conduct competitive with products, articles, parts, supplies, accessories or
services manufactured, sold, imported, exported, assembled, packaged or
furnished by InterTAN, except as a shareholder owning less than five percent
(5%) of the shares of a corporation whose shares are traded on a stock exchange
or in the over-the-counter market by a member of the National Association of
Securities Dealers. "Consumer Electronic Products" are those type of products
sold at the retail level to the ultimate customer as are advertised by InterTAN
in its most recently published annual catalogs and monthly flyers.
Manufacturing of Consumer Electronic Products and sale of Consumer Electronic
Products at levels of distribution other than the retail level are not
considered a violation of this covenant.

             (b)  (i)  In the event that a Participant takes Retirement and
                       engages in any of the activities described in the
                       immediately preceding paragraph, or engaged in any of
                       such activities prior to Retirement, then, without any
                       further notification, and upon determination by the
                       Committee that such a Participant is engaged or has
                       engaged in such activities, such Committee's decision to
                       be conclusive and binding upon all concerned, and
                       notwithstanding any other provisions of the Plan or of
                       the Plan Agreement with such Participant, InterTAN's
                       obligation to a Participant to pay any Retirement or
                       death benefits hereunder shall automatically cease and
                       terminate, and InterTAN shall have no further obligation
                       to such Participant or Beneficiary pursuant to the Plan

                                       5
<PAGE>

                       or the Plan Agreement. InterTAN may enforce this
                       provision by suit for damages which shall include but not
                       be limited to all sums paid to Participant hereunder, or
                       for injunction, or both.

             (ii)      Provided, however, that in the event a Participant is
                       being paid benefits under Section 8.5, Section 8.6 or
                       Section 10.2 and not otherwise, and engages in any of the
                       activities described in Section 5.5(a) InterTAN must give
                       notice to the Participant specifying in detail the
                       alleged violation of Section 5.5(a). Participant will be
                       allowed ninety (90) days to cure such default. If the
                       Committee feels there is continuing competition, then,
                       without any further notice or opportunity to cure, and
                       upon determination by the Board of Directors of InterTAN
                       that such a Participant is engaged in such activities,
                       such Board's decision to be conclusive and binding upon
                       all concerned, and notwithstanding any other provisions
                       of the Plan or of the Plan Agreement with such
                       Participant, InterTAN's obligation to a Participant to
                       pay any benefits hereunder shall automatically cease and
                       terminate, and InterTAN shall have no further obligation
                       to such Participant or Beneficiary pursuant to the Plan
                       or the Plan Agreement. InterTAN may enforce this
                       provision by suit for damages which shall include but not
                       be limited to all sums paid to Participant hereunder, or
                       for injunction, or both

Section 5.6  InterTAN may liquidate out of the interest of a Participant
hereunder, but only as Retirement or death benefits become due and payable
hereunder, any outstanding loan or loans or other indebtedness of a Participant
owing to InterTAN.  InterTAN may elect not to distribute Retirement or death
benefits to any Participant or to a Beneficiary unless and until all unpaid
loans or other indebtedness due to InterTAN from such Participant, together with
interest, have been paid in full.

Section 5.7  Subject to termination or amendment of the Plan, any Plan
Agreement, or both, a Participant's participation in the Plan shall continue
during his Disability or his taking a Leave of Absence. A Participant who is
Disabled or on Leave of Absence shall notify InterTAN of his date of Retirement
as provided in Section 5.3 hereof.

                                  ARTICLE SIX

                         AMENDMENTS OF PLAN AGREEMENTS

Section 6.1  The Committee may enter into amendments to the Plan Agreement with
any Participant for the purpose of increasing the benefits payable to the
Participant or his Beneficiary in view of increases in his compensation
following the execution of the initial Plan Agreement or the last amendment
thereto and for the purpose of amending any provision of this Plan as it might
apply to a Participant. In such cases, the acceptance of an amendment by a
Participant is voluntary and until the amended Plan Agreement has been submitted
to and accepted by him, it shall not be effective.

                                 ARTICLE SEVEN

                          BENEFICIARIES OF PARTICIPANT

                                       6
<PAGE>

Section 7.1  At the time of his acceptance of a Plan Agreement, a Participant
shall be required to designate the Beneficiary to whom benefits under the Plan
and his Plan Agreement will be payable upon his death.  A Beneficiary may be one
(1) or more persons or entities, such as dependents, persons who are natural
objects of the Participant's bounty, an inter vivos or testamentary trust, or
his estate. Such Beneficiaries may be designated contingently or successively as
the Participant may direct. The designation of his Beneficiary shall be made by
the Participant on a Beneficiary Designation Form to be furnished by the
Committee and filed with it.

Section 7.2  A Participant may change his Beneficiary, as he may desire, by
filing new and amendatory Beneficiary Designation Forms with the Committee.

Section 7.3  In the event a Participant designates more than one (1) Beneficiary
to receive benefit payments simultaneously, each such Beneficiary shall be paid
such proportion of such benefits as the Participant shall have designated.  If
no such percentage designation has been made, the Committee shall hold all
benefit payments until the Beneficiaries agree as to the distribution of the
funds or a judicial determination has been made.

Section 7.4  If the designated Beneficiary dies before the Participant in
question and no Beneficiary was successively named, or if the designated
Beneficiary dies before complete payment of the deceased Participant's benefits
have been made and no Beneficiary was successively named, the Committee shall
direct that such benefits (or the balance thereof) be paid to those persons who
are the deceased Participant's heirs-at-law determined in accordance with the
laws of descent and distribution then in force in the Province of Ontario for
separate personal property, such determination to be made as though the
Participant had died intestate and domiciled in Ontario.

Section 7.5  Whenever any person entitled to payments under this Plan shall be a
minor or under other legal disability or, in the sole judgment of the Committee,
shall otherwise be unable to apply such payments to his own best interest and
advantage (as in the case of illness, whether mental or physical, or where the
person not under legal disability is unable to preserve his estate for his own
best interest), the Committee may in the exercise of its discretion direct all
or any portion of such payments to be made in any one or more of the following
ways unless claims shall have been made therefor by an existing and duly
appointed guardian, conservator, committee or other duly appointed legal
representative, in which event payment shall be made to such representative:

          (1) directly to such person unless such person shall be an infant or
shall have been legally adjudicated incompetent at the time of the payment;

          (2) to the spouse, child, parent or other blood relative to be
expended on behalf of the person entitled or on behalf of those dependents as to
whom the person entitled has the duty of support;

          (3) to a recognized charity or governmental institution to be expended
for the benefit of the person entitled or for the benefit of those dependents as
to whom the person entitled has the duty of support; or

          (4) to any other institution, approved by the Committee, to be
expended for the benefit of the person entitled or for the benefit of those
dependents as to whom the person entitled has the duty of support.

The decision of the Committee will, in each case, be final and binding upon all
persons and the Committee shall not be obliged to see to the proper application
or expenditure of any payments so made. Any payment made pursuant to the power
herein conferred upon the Committee shall operate as a complete discharge of the
obligations of InterTAN and of the Committee.

                                       7
<PAGE>

Section 7.6  If the Committee has any doubt as to the proper Beneficiary to
receive payments hereunder, the Committee shall have the right to withhold such
payments until the matter is finally adjudicated or the Committee may direct
InterTAN to bring a suit for interpleader in any appropriate court, pay any
amounts due into the court, and InterTAN shall have the right to recover its
reasonable attorney's fees from such proceeds so paid or to be paid. Any payment
made by the Committee, in good faith and in accordance with this Plan, shall
fully discharge the Committee and InterTAN from all further obligations with
respect to such payments.

                                 ARTICLE EIGHT

                          TERMINATION OF PARTICIPATION

Section 8.1  Except as provided in section 8.4, 8.5, 8.6, 10.1 and 10.2 hereof,
termination of a Participant's employment by InterTAN other than by reason of
Retirement, Permanent Disability or Leave of Absence, whether by action of
InterTAN or the Participant's resignation, shall terminate the Participant's
participation in the Plan.  Neither the Plan nor the Plan Agreement shall in any
way obligate InterTAN to continue the employment of a Participant, nor will
either limit the right of InterTAN to terminate a Participant's employment at
any time, for any reason, with or without cause.

Section 8.2  Except as provided in Sections 8.4, 8.5, 8.6, 10.1 and 10.2 hereof,
participation in the Plan by a Participant shall also terminate if the Plan or
his Plan Agreement is terminated by InterTAN in accordance with Article Ten.

Section 8.3  Except as provided in Section 8.4, 8.5, 8.6, 10.1 and 10.2 hereof,
upon termination of a Participant's participation in the Plan, all of InterTAN's
obligations to the Participant and his Beneficiary(ies) under the Plan and Plan
Agreement and each of them, shall terminate and be of no further effect.

Section 8.4  Except as provided in Section 8.4, 8.5, 8.6, 10.1 and 10.2, if a
Participant's participation in the Plan is terminated, by:

               (a)  termination of the Plan;

               (b) termination of the Plan Agreement; or

               (c) Termination of employment for any reasons other than

                    (i)  death or Retirement, which shall be governed by Article
                         Five, or

                    (ii) dishonest or fraudulent conduct of a Participant or the
                         conviction of a Participant of a felony crime, in which
                         event no vesting under Section 8.4, 8.5, 8.6, 10.1 or
                         10.2 shall occur,

then such Participant shall be entitled, as set forth below, to a percentage of
his Plan Benefit Amount as follows:

                                       8
<PAGE>

          Age Attained at Date of Event
          Set Forth in 8.4(a), (b) or (c)           % Vested
          -------------------------------           --------

               Age 54 or younger                       0%
               Age 55 to 65                   A percent as determined
               in 5.1(b) hereof
               Age 65 to 70                           100%
               Age 70 to 75                   A percent as determined
                                                  in 5.1(c) hereof
               Age 75 and thereafter                    0%

          The amount payable under this Section 8.4 shall be determined as of
the date of the event set forth in Section 8.4(a), (b) or (c) hereof and such
amount as so determined at that time shall not be altered or changed thereafter
except that the provisions of Section 5.5 hereof shall remain fully applicable
during the Participant's employment by InterTAN, during the payment of benefits
under this Section 8.4 and for one (1) year after termination of employment or
payment of benefits.  The amount payable under this Section 8.4 shall be paid as
set forth in Section 5.3 hereunder to commence on the first day of the month
next following thirty (30) days after cessation of Participant's employment with
InterTAN.

Section 8.5  In the event that:

          (a) any person, corporation, partnership, association, joint stock
company, trust, unincorporated organization, or government, including a
political subdivision thereof (or any combination thereof acting for the purpose
of acquiring, holding, voting, or disposing of equity securities of InterTAN),
acquires beneficial ownership of at least twenty percent (20%) of the then
issued and outstanding common stock of InterTAN; or

          (b) on any day more than fifty percent (50%) of the members of the
Board of Directors of InterTAN (excluding those members replacing deceased
Directors) were not Directors two (2) years prior to such date; or

          (c) substantially all the assets of InterTAN are sold or InterTAN is
merged or consolidated or otherwise acquired by or with another corporation
(other than an InterTAN subsidiary) unless, as the result of any such merger,
consolidation, or acquisition,

               (i)  InterTAN is the surviving entity, and

               (ii) not more than twenty percent (20%) of InterTAN's then
                    issued and outstanding common stock is sold or
                    exchanged as the result of such merger, consolidation,
                    or acquisition;

then for a period of three (3) years from the occurrence of any such event any
Participant shall be vested with and be entitled to receive a benefit equal to
his Plan Benefit Amount conditioned upon and subject to such Participant's
employment with InterTAN being terminated, whether voluntary or involuntary,
during such three-year period.  Such benefit shall be payable in accordance with
Section 5.3 commencing on the first day of the month next following thirty (30)
days after the date on which such Participant terminated his employment or had
his employment terminated.  Provided, however, if a Participant becomes entitled
to benefits under this Section 8.5 after the date of his Normal Retirement, then
the amount payable hereunder shall be reduced in the same amounts as set forth
in Section 5.1 (c) hereof.

Any provision hereof to the contrary notwithstanding, any shares of InterTAN
common stock sold or exchanged as the result of any acquisition agreement
initiated by InterTAN whereby InterTAN acquires

                                       9
<PAGE>

control of or substantially all the assets of another corporation shall not
constitute an event described in Section 8.5 (a) or (c).

No Participant shall be entitled to benefits under this Section 8.5 unless such
Participant's employment relationship with InterTAN is terminated within any
three-year period beginning on the date of occurrence of any event described in
Section 8.5 (a), (b) or (c), provided, however, the occurrence of each such
event shall mark the commencement of a new and separate three year period.

It is specifically provided that the provisions of Section 5.5 shall remain
fully applicable during the payment of benefits under this Section 8.5 and shall
continue for a one year period following termination of the payment of benefits.
In the event of the death of a Participant prior to the receipt of all benefits
payable under this Section, all remaining benefits shall be paid to his
designated Beneficiary.

Section 8.6  In the event that a Participant's employment with InterTAN is
involuntarily terminated for any reason other than those reasons set forth in
Section 8.4(c)(ii), and within a one year period beginning on the date of such
termination there occurs an event described in Section 8.5(a), (b) or (c) then
such Participant, or his Beneficiary if such Participant dies after termination
of employment, shall be entitled to receive a benefit equal to his Plan Benefit
Amount payable in accordance with Section 5.3 commencing on the first day of the
month next following thirty (30) days after the occurrence of such event
described in Section 8.5 (a), (b) or (c).  Provided, however, if a Participant
becomes entitled to benefits under this Section 8.6 after the date of his Normal
Retirement, then the amount payable hereunder shall be reduced in the same
amounts as set forth in Section 5.1 (c) hereof.

It is specifically provided that the provisions of Section 5.5 shall remain
fully applicable during the payment of benefits under this Section 8.6 and shall
continue for a one year period following termination of the payment of benefits.
In the event of the death of a Participant prior to the receipt of all benefits
payable under this Section, all remaining benefits shall be paid to his
designated Beneficiary.

                                  ARTICLE NINE

                           ADMINISTRATION OF THE PLAN

Section 9.1  The Plan shall be administered by the Committee as it is presently
constituted or as it may be changed from time to time by the Board of Directors
of InterTAN.

Section 9.2  In addition to the express powers and authorities accorded the
Committee under the Plan, it shall be responsible for:

          (a) construing and interpreting the Plan;

          (b) computing and certifying to InterTAN the amount of benefits to be
provided in each Plan Agreement for the Participant or the Beneficiary of the
Participant; and

          (c) determining the right of a Participant or a Beneficiary to
payments under the Plan and otherwise authorizing disbursements of such payments
by InterTAN;

in these and all other respects its decisions shall be conclusive and binding
upon all concerned.

Section 9.3  InterTAN agrees to hold harmless and indemnify the members of the
Committee against any and all claims and causes of action by or on behalf of any
and all parties whomsoever, and all losses therefrom, including without
limitation the cost of defense and attorney's fees, based upon or arising out of
any act or omission relating to or in connection with the Plan other than losses
resulting from any such Committee member's fraud or willful misconduct.

                                       10
<PAGE>

                                  ARTICLE TEN

                      TERMINATION OR AMENDMENT OF THE PLAN
                               OR PLAN AGREEMENTS

Section 10.1  InterTAN reserves the right to terminate or amend this Plan or any
Plan Agreement, in whole or in part, at any time, or from time to time, by
resolution of the Board of Directors of InterTAN provided, however, no amendment
to the Plan or to any Plan Agreement shall alter the vested rights of a
Participant or Beneficiary applicable on the effective date of such termination
or amendment and, except for increases in Plan compensation as provided herein,
such vested rights shall remain unchanged.  Rights are deemed to have vested if
benefits are actually being paid or if the only condition precedent to the
payment of benefits is the termination of employment (unless terminated for
reasons set forth in Section 8.4(c)(ii), in which event all benefits are
forfeited) with InterTAN or the giving of notice of retirement or the occurrence
of an event described in Section 8.5(a), (b) or (c).

Section 10.2  In the event the Plan or any Plan Agreement is terminated or
adversely amended to the detriment of any Participant and within a one year
period from the effective date of any such amendment or termination there occurs
an event described in Section 8.5(a), (b) or (c), then any Participant so
affected whose employment with InterTAN is terminated, voluntarily or
involuntarily, within a three year period from the date such event occurs shall
be entitled to receive those benefits set forth in Section 8.5 hereof to the
same extent and in the same amounts as though such amendment or termination had
not occurred.  This Section 10.2 shall not apply to any Participant who, on the
date of occurrence of any event described in Section 8.5(a), (b) or (c), has
previously retired or has otherwise voluntarily terminated his employment with
InterTAN.

                                 ARTICLE ELEVEN

                                 MISCELLANEOUS

Section 11.1  The Plan and Plan Agreement and each of their provisions shall be
construed and their validity determined under the laws of the Province of
Ontario and InterTAN and each Participant under the Plan hereby submits and
attorns to the exclusive jurisdiction of the courts of the Province of Ontario.

Section 11.2  The masculine gender, where appearing in the Plan or any Plan
Agreement, shall be deemed to include feminine gender.  The words "herein",
"hereunder" and other similar compounds of the word "here" shall mean and refer
to the entire Plan and Plan Agreement, not to any particular provision, section
or subsection, and words used in the singular or plural may be construed as
though in the plural or singular where they would so apply.

Section 11.3  INTENTIONALLY DELETED.

Section 11.4  Any person born on February 29 shall be deemed to have been born
on the immediately preceding February 28 for all purposes of this Plan.

Section 11.5  This Plan shall be binding upon and inure to the benefit of any
successor of InterTAN and any such successor shall be deemed substituted for
InterTAN under the terms of this Plan.  As used in this Plan, the term
"successor" shall include any person, firm, corporation, or other business
entity which at any time, whether by merger, purchase, or otherwise, acquires
all or substantially all of the assets or business of InterTAN.

                                       11
<PAGE>

Section 11.6  A participant shall not be required to mitigate the amount of any
payment provided for in this Plan seeking other employment or otherwise.

Section 11.7  In the event that a Participant institutes any legal action to
enforce his rights under, or to recover damages for breach of any of the terms
of, this Plan or any Plan Agreement, the Participant, if he is the prevailing
party, shall be entitled to recover from InterTAN all actual expenses incurred
in the prosecution of said suit including but not limited to attorneys' fees,
court costs, and all other actual expenses.

Section 11.8  Notwithstanding all other provisions in the Plan, in the event a
Participant is entitled to benefits under two (2) separate sections of the Plan,
the maximum a Participant may receive under this Plan is ten (10) times
Participant's Plan Benefit Amount, payable in accordance with Section 5.3
hereof.

                                       12
<PAGE>

                                                                     Exhibit "A"

                                 INTERTAN, INC.

                           DEFERRED COMPENSATION PLAN

                                                ,19
                         -----------------------   ---

                                 PLAN AGREEMENT

To:_____________________________________________________________________________
                             (Name of Participant)

          The Organization and Compensation Committee of the Board of Directors
of InterTAN, Inc. (the "Committee") has selected you to participate in the
Deferred Compensation Plan (the "Plan"), a copy of which is furnished to you
herewith.

          Your participation in the Plan is voluntary and conditioned upon your
acceptance of this Plan Agreement in the manner provided below, by which it
shall be agreed between us as follows:

              1)  Your participation in the Plan and the rights accruing to you
                  and your designated Beneficiary(ies) thereunder shall be in
                  all respects subject to the terms and conditions of the Plan,
                  the full text of which, and as it may be from time to time
                  amended, is incorporated herein by reference. You agree to be
                  bound by the terms and provisions of the Plan, and
                  specifically, but without limitation, to the noncompetition
                  provisions set forth in Section 5.5 of the Plan.

              2)  For the purpose of determining the amount of benefits payable
                  by InterTAN, Inc. ("InterTAN") under the Plan, it is agreed
                  and stipulated that your Plan Benefit Amount is U.S.
                  $__________. At the end of this Plan Agreement is an Addendum,
                  which from time to time may be used to alter the Plan Benefit
                  Amount as defined in the Plan by filling in the changed amount
                  of the Plan Benefit Amount, by dating such change, and by
                  InterTAN and you executing such Addendum.

              3)  You acknowledge receipt of a Beneficiary Designation Form
                  furnished you herewith and agree that upon your acceptance and
                  return of this Plan Agreement as provided below, you will
                  deliver such form completed as therein required.

          If you desire to participate in the Plan, please accept and return the
enclosed copy of this letter, together with your completed Beneficiary
Designation Form, to David S. Goldberg, on or before thirty (30) days from the
date hereof, whereupon you shall become a Participant in the Plan according and
subject to the terms thereof.  If you do not accept and return such copy within
the above time period, then we will assume that you have voluntarily elected not
to participate in the Plan.

                                            Yours very truly,

                                                 INTERTAN, INC.

                                                 By:
                                                    ---------------------------
ACCEPTED THIS            day of
             -----------
                  ,19  .
-----------------    ---

-------------------------
(Participant)

<PAGE>

                                                                     Exhibit "B"
                                 INTERTAN, INC.

                            DEFERRED COMPENSATION PLAN

                           BENEFICIARY DESIGNATION FORM

As a participant in the InterTAN, Inc. Deferred Compensation Plan (the "Plan"),
I, the undersigned, direct the benefits payable at my death under the Plan to be
made as follows:

               (1)  Primary Beneficiary.  I designate            , whose current
                                                     ------------
address is                           , and Social Security No. is             ,
          ---------------------------                             ------------
as the sole Primary Beneficiary to receive the benefits payable at my death
under the Plan.

               (2) Contingent Beneficiaries. In the event the Primary
Beneficiary should predecease me, or in the event our deaths shall occur
simultaneously, or if such designated Primary Beneficiary should die before
complete payment of the benefits payable at my death under the Plan, I designate
the following person(s) as the Contingent Beneficiary(ies) to receive such
benefits, or the balance thereof, either successively in the following order, or
contemporaneously in the proportions indicated:

NAME:                                RELATIONSHIP:
     -----------------------------                ---------------

CURRENT ADDRESS:
                -----------------------------------------------------------

                                           PROPORTION TO RECEIVE
SOCIAL SECURITY NO.:                (IF APPLICABLE):
                    ---------------                  ----------------------

NAME:                                      RELATIONSHIP:
     ------------------------------                     -------------------

CURRENT ADDRESS:
                -----------------------------------------------------------

                                           PROPORTION TO RECEIVE

SOCIAL SECURITY NO.:                (IF APPLICABLE):
                    ---------------                 -----------------------

     (3) If at the time of my death none of the above Beneficiaries survive me,
or none of them shall survive to receive all of the benefits payable at my death
under the Plan, then such benefits, or the balance thereof, shall be distributed
as provided in the Plan.

     (4) The rights of the designated Beneficiaries and all payments to them
shall be in all respects subject to the terms and provisions of the Plan, a copy
of which as currently in effect was furnished to me prior to my execution of
this Beneficiary Designation Form.

     (5) I reserve the right to change my designated Beneficiary(ies)
by filing a new Beneficiary Designation Form with the Organization and
Compensation Committee as provided in the Plan and understand that no such
change shall be effective unless received by the Committee prior to my death.

SIGNED this     day of           19   .
           -----      ----------   --

                                             -------------------------------
                                             (Participant)

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