Document:

<PAGE>

                                                                    EXHIBIT 4.10

                        PATAPSCO VALLEY BANCSHARES, INC.
                          EMPLOYEE STOCK PURCHASE PLAN

                                   SECTION ONE
                                   DEFINITIONS

        As used herein:

        1. The word "Corporation" means Patapsco Valley Bancshares, Inc., a
Maryland corporation and, collectively, Patapsco Valley Bancshares, Inc. and its
subsidiaries.

        2. The word "Plan" means the Patapsco Valley Bancshares, Inc. Employee
Stock Purchase Plan, as herein set forth.

        3. The word "Employee" means an Employee of the Corporation.

        4. The word "Optionee" means an Employee holding a stock option under
the Plan.

                                   SECTION TWO
                                    PURPOSES

        The purposes of the Plan are:

        1. To encourage the sense of proprietorship on the part of Employees;

        2. To recognize past valuable services of such Employees;

        3. To furnish such Employees with further incentive to develop and
promote the business and financial success of the Corporation;

        4. To induce such Employees to continue in the service of the
Corporation, by providing a means whereby such Employees of the Corporation may
be given an opportunity to purchase stock in the Corporation.

                                  SECTION THREE
                                 ADMINISTRATION

        1. The Employee Stock Purchase Plan shall be administered by the
Corporation's President, Chief Operating Officer, and Chief Financial Officer
(the "Administrators").

        2. Options to purchase twenty thousand five hundred fifty (20,550)
shares may be granted to Employees during the first three (3) years of the Plan.
All employees shall be granted options subject to Section Four of the Plan. All
Employees granted options shall have the same rights and privileges except that
the amount of stock which will be purchased by any Employee under such option
will bear a uniform relationship to the total compensation of Employees and no
Employee may purchase more than a maximum amount of stock as provided below:

        Options to purchase shares shall be granted to each Employee at the rate
of one (1) share per one thousand dollars ($1,000) of the total compensation of
the Employee as reported on such Employee's

<PAGE>

Internal Revenue Service Form W-2 for the year of the grant, subject, however,
to the limitation that no one grant to any one Employee may allow more than
fifty (50) shares to be purchased by that Employee. Each grant of options shall
be effective on the date of such grant notwithstanding that the number of shares
included in the grant is subsequently determined.

        3. Subject to the express provisions of the Plan, the Administrators
shall also have the power and authority to construe and interpret the Plan and
the respective option agreements entered into thereunder, and to make all other
determinations necessary or advisable for administering the Plan.

                                  SECTION FOUR
                                   ELIGIBILITY

        Options may be granted only to Employees who immediately after the
option is granted do not own stock possessing more than five percent (5%) of the
total combined voting power of all classes of the outstanding stock of the
Corporation. For this purpose the stock attribution rules in Section 424(d) of
the Internal Revenue Code of 1986 shall apply and stock which the Employee may
purchase under outstanding options shall be treated as stock owned by the
Employee. No Employee is permitted to purchase stock under all the employee
stock purchase plans of the Corporation at a rate which exceeds $25,000 in fair
market value of such stock (determined at the time the option is granted) for
each calendar year in which any such option granted to such individual is
outstanding at any time.

                                  SECTION FIVE
                             SHARES SUBJECT TO PLAN

        The stock to be sold pursuant to options granted under this Plan shall
be authorized but unissued shares of the common stock of the Corporation.
Subject to adjustment made in accordance with Section Thirteen hereof, the total
number of shares which may be issued under this Plan shall not exceed twenty
thousand five hundred and fifty (20,550) shares. In the event any unexercised
options lapse or terminate for any reason, the shares covered thereby may be
optioned to other persons, and such lapsed or terminated options shall not be
considered in computing the total number of shares optioned. No Employee is
permitted to purchase stock under all the employee stock purchase plans of the
Corporation at a rate which exceeds $25,000 in fair market value of such stock
(determined at the time the option is granted) for each calendar year in which
any such option granted to such individual is outstanding at any time.

                                   SECTION SIX
                                  OPTION PRICE

        The purchase price of the shares under each option granted pursuant to
the Plan shall be eighty-five percent (85%) of the fair market value of the
stock on the date such option is granted. If the stock is listed or has trading
privileges on a national securities exchange, the fair market value shall be the
mean between the high and low selling prices on the date of the granting of such
option, or if there are no sales on that date, the mean between the high and low
selling prices on the last day prior thereto on which sales were made. If the
stock is not listed on any exchange, the fair market value of the stock on the
date such option is granted shall be determined by the Administrators.

                                  SECTION SEVEN
                               DURATION OF OPTIONS

        Each option granted hereunder shall expire twenty-seven (27) months from
the date the option was granted, unless sooner terminated under the provisions
of Section Eight hereof.

<PAGE>

                                  SECTION EIGHT
                             TERMINATION OF OPTIONS

        1. In the event of termination of the employment of an Optionee for any
cause, other than death, disability resulting in coverage under the long-term
disability Plan of the Corporation, or retirement of the Optionee, whether by
reason of resignation or discharge, each option granted such Optionee shall
terminate immediately prior to such termination.

        2. Each option granted an Optionee shall terminate twelve (12) months
from the date of such Optionee's death, provided such Optionee at the time of
his death was in the employ of the Corporation.

                                  SECTION NINE
                               EXERCISE OF OPTIONS

        1. Subject to the terms and conditions of the Plan, options shall be
exercised by written notice to the President of the Corporation, at the
corporation's principal office, 8593 Baltimore National Pike, Ellicott City,
Maryland, 21043, as provided in the option agreements entered into hereunder.

        2. No option may be exercised unless and until the Optionee shall have
remained in the continuous employ of the Corporation for twelve (12) months from
the date such option was granted and the Optionee is an employee of the
Corporation at the time of exercise; except, however, that in the event of the
death of such Optionee while in the employ of the Corporation, or retirement of
such Optionee under the Corporation's retirement Plan within twenty-four (24)
months from the date such option was granted, such option shall become
exercisable immediately on the date of such death or retirement.

        3. An option may be exercised either at one time as to the total number
of shares covered thereby, or from time to time as to any portion thereof in
units of ten (10) shares or multiples thereof.

        4. On the exercise of an option, a certificate or certificates
evidencing the shares as to which the option is exercised shall be delivered to
the person exercising the option.

        5. Subject to the limitations imposed by Sections Seven and Eight
hereof, in the event of the death of an Optionee, the option or options
theretofore granted to him may be exercised by the legal representatives of the
estate of the Optionee or by the person or persons to whom his rights under the
option or options shall pass by will or the laws of descent and distribution.

        6. Notwithstanding anything to the contrary in the Plan or in any
agreement upon which an option is granted pursuant to the Plan, in the event of
the commencement of a tender offer (other than by the Corporation) for any
shares of the Corporation, or a sale or transfer, in one or a series of
transactions, of assets having a fair market value of 50% or more of the fair
market value of all assets of the Corporation, or a merger, consolidation or
share exchange pursuant to which the shares of the Corporation are or may be
exchanged for or converted into cash, property or securities of another issuer,
or the liquidation of the Corporation (an "Extraordinary Event"), then
regardless of whether any option granted pursuant to the Plan has vested or
become fully exercisable, all options granted pursuant to the Plan, whether
granted before, on, or after June 15, 1999, shall immediately vest and become
fully exercisable for the full number of shares subject to any such option.

        The accelerated exercise right pursuant to this Paragraph 6 shall be
effective on and at all times after the "Event Date" of the Extraordinary Event.
The "Event Date" is the date of the commencement of a tender offer, if the
Extraordinary Event is a tender offer, and in the case of any other
Extraordinary Event, the day preceding the record date in respect of such
Extraordinary Event, or if no record date is fixed, the day preceding the date
as of which shareholders of record become entitled to the consideration payable
in respect of such Extraordinary Event.

<PAGE>

        If in the case of an Extraordinary Event other than a tender offer,
notice that is given by an Optionee of the exercise of an option pursuant to
this Paragraph 6 prior to the Event Date shall be effective on and as of the
Event Date. Upon the exercise of an option after the occurrence of an
Extraordinary Event, the Corporation shall issue, on and as of the effective
date of such exercise, all shares with respect to which the option shall have
been exercised.

        If an Optionee fails to exercise his or her option, in whole or in part,
pursuant to this Paragraph 6 upon an Extraordinary Event, or if there shall be
any capital reorganization or reclassification of the shares, the Corporation
shall take such action as may be necessary to enable each Optionee to receive
such options upon any subsequent exercise of his or her options, in whole or in
part, in lieu of shares, securities or other assets as were issuable or payable
upon such Extraordinary Event in respect of, or in exchange for, such shares.

                                   SECTION TEN
                                     PAYMENT

        Payment of the purchase price for shares purchased under options granted
under the Plan may be made in cash, by check made payable to the order of the
Corporation, with shares of the Corporation to the extent of the fair market
value of such shares, or a combination thereof, at the time of the exercise of
the option in the manner provided in Section Nine hereof.

                                 SECTION ELEVEN
                          NONTRANSFERABILITY OF OPTIONS

        An option granted under the Plan may not be transferred except by will
or the laws of descent and distribution and, during the lifetime of the
Optionee, may be exercised only by him.

                                 SECTION TWELVE
                        PURCHASE OF SHARES FOR INVESTMENT

        Each Optionee and each other person who shall exercise an option shall
represent and agree that all shares purchased pursuant to such option will be
purchased for investment and not for distribution or resale thereof.

                                SECTION THIRTEEN
                              ADJUSTMENT OF SHARES

        In the event of a merger, consolidation, reorganization,
recapitalization, reclassification of stock, stock dividend, split-up, or other
change in the corporate structure or capitalization of the Corporation affecting
the Corporation's common stock as presently constituted, appropriate adjustments
shall be made by the President of the Corporation in the aggregate number and
kind of shares subject to the Plan, the maximum number and kind of shares for
which options may be granted in any calendar year, the maximum number and kind
of shares for which options may be granted to any one Employee, and the number
and kind of shares and the price per share subject to outstanding options.

                                SECTION FOURTEEN
                     REGISTRATION OR QUALIFICATION OF SHARES

        Each option shall be subject to the condition that, if at any time the
Administrators shall determine in their discretion that the registration or
qualification of the shares covered thereby under any state or federal law is
necessary or desirable as a condition of or in connection with the granting of
such option or

<PAGE>

the delivery of shares on the exercise thereof, no such option may be granted
or, if granted, delivery of shares on the exercise thereof shall be deferred,
until such registration or qualification shall have been effected. In the event
the Administrators determine that registration or qualification of shares is
necessary or desirable, the Corporation shall, at its expense, take such action
as may be required to effect such registration or qualification.

                                 SECTION FIFTEEN
                                 FORM OF OPTION

        The form of option to be granted pursuant to the Plan shall be approved
by the Administrators.

                                 SECTION SIXTEEN
                  SUSPENSION, AMENDMENT, OR TERMINATION OF PLAN

        Unless the Plan shall theretofore have been terminated by the
Administrators, the Plan shall terminate on February 17, 2008. The
Administrators shall have the right, at any time, to suspend, amend, or
terminate the Plan; provided, however, that unless duly approved by the holders
of a majority of the common stock of the Corporation no amendment shall increase
the total number of shares that shall be the subject of the Plan or change the
formula for determining the purchase price for the optioned shares, and provided
further that no termination of the Plan or action by the Administrators in
amending or suspending the Plan shall affect or impair the rights of an Optionee
under any option previously granted under the Plan.

        No option may be granted under the Plan during any suspension thereof or
after the termination thereof.

                                SECTION SEVENTEEN
                             EFFECTIVE DATE OF PLAN

        This Plan shall be submitted to the shareholders of the Corporation at
the annual meeting to be held on the 21st day of April, 1998, and shall become
operative and effective on its adoption by the shareholders of the Corporation
at such meeting.

ATTEST:                                 PATAPSCO VALLEY BANCSHARES, INC.

/s/ Edwin B. Mckee                      By /s/ Howard E. Harrison, III
--------------------------------        -----------------------------------
                                        Chairman of the Board
                                        of Directors

                         APPROVAL BY BOARD OF DIRECTORS

        The Board of Directors of Patapsco Valley Bancshares, Inc. duly approved
the within Employee Stock Purchase Plan on February 25, 1998, subject to the
further approval of the shareholders of Patapsco Valley Bancshares, Inc.

                                        /s/ Edwin B. Mckee
                                        -----------------------------------
                                        Secretary of the
                                        Board of Directors

<PAGE>

                            APPROVAL OF SHAREHOLDERS

The Shareholders of Patapsco Valley Bancshares, Inc., after due notice, duly
approved the within Employee Stock Purchase Plan on April 21, 1998, at the
annual meeting.

                                        /s/ Edwin B. Mckee
                                        -----------------------------------
                                        Secretary of Shareholders
                                        Meeting<PAGE>

                                                                    EXHIBIT 4.11

                            MONOCACY BANCSHARES, INC.
                            1994 STOCK INCENTIVE PLAN
                                  (as amended)

1.      PURPOSE. The purpose of this Stock Incentive Plan (the "Plan") is to
        advance the development, growth and financial condition of Monocacy
        Bancshares, Inc. (the "Corporation") and each subsidiary thereof as
        defined in Section 424 of the Internal Revenue Code of 1986, as amended
        (the "Code"), by providing incentives through participation in the
        appreciation of capital stock of the Corporation as to secure, retain
        and motivate personnel who may be responsible for the operation and
        management of the affairs of the Corporation and any such subsidiary now
        or hereafter existing ("Subsidiary").

2.      TERM. The Plan shall become effective as of the date it is adopted by
        the Corporation's Board of Directors (the "Board"), so long as the
        Corporation's stockholders duly approve the Plan within twelve (12)
        months either before or after the date of the Board's adoption of the
        Plan. Any and all options and rights awarded under the Plan ("Awards")
        before it is so approved by the Corporation's stockholders shall be
        conditional upon and may not be exercised before timely obtainment of
        such approval, and shall lapse upon the failure thereof. If the Plan is
        so approved, it shall continue in effect until all Awards either have
        lapsed or been exercised, satisfied or canceled according to their terms
        under the Plan.

3.      STOCK. The shares of stock that may be issued under the Plan shall not
        exceed in the aggregate 110,000 shares of the Corporation's common
        stock, par value $5.00 per share (the "Stock"), as may be adjusted
        pursuant to paragraph 18 hereof. Such shares of Stock may be either
        authorized and unissued shares of Stock, or authorized shares of Stock
        issued by the Corporation and subsequently reacquired by it as treasury
        stock. Under no circumstances shall any fractional shares of Stock be
        issued or sold under the Plan or any Award. Except as may be otherwise
        provided in the Plan, any Stock subject to an Award that for any reason
        lapses or terminates prior to its exercise as to such Stock shall become
        and again be available under the Plan. The Corporation shall reserve and
        keep available, and shall duly apply for any requisite governmental
        authority to issue or sell the number of shares of Stock needed to
        satisfy the requirements of the Plan while in effect. The Corporation's
        failure to obtain any such governmental authority deemed necessary by
        the Corporation's legal counsel for the lawful issuance and sale of
        Stock under the Plan shall relieve the Corporation of any duty, or
        liability for the failure to issue or sell such Stock as to which such
        authority has not been obtained.

4.      ADMINISTRATION. The Plan shall be administered by a committee (the
        "Committee") consisting of two (2) or more directors from the Board
        serving for such terms as determined, selected and appointed by the
        Board. The Board shall fill all vacancies occurring in the Committee's
        membership, and at any time and for any reason may add additional
        members to the Committee or may remove members from the Committee and
        appoint their successors. Except as otherwise permitted under Section
        16(b) of the Securities Exchange Act of 1934, as amended, and applicable
        rules and regulations thereto, a member of the Committee must be a
        director of the Corporation, and during the year prior to the commencing
        service on the Committee must be a director of the Corporation and
        during the year prior to commencing service on the, and while a member
        of the Committee, was not granted or awarded any Awards, allocations or
        other options or rights of or with respect to Stock or any other equity
        securities of the Corporation or its affiliates pursuant to the Plan or
        any other plan of the Corporation or its affiliates which provides for
        grants or awards. A majority of the Committee's membership shall
        constitute a quorum for the transaction of all business of the
        Committee, and all decisions and actions taken by the Committee

<PAGE>

        shall be determined by a majority of the members of the Committee
        attending a meeting at which a quorum of the Committee is present.

                The Committee shall be responsible for the management and
        operation of the Plan and, subject to its provisions, shall have full,
        absolute and final power and authority, exercisable in its sole
        discretion: to interpret and construe the provisions of the Plan, adopt,
        revise and rescind rules and regulations relating to the Plan and its
        administration, and decide all questions of fact arising in the
        application thereof; to determine what, to whom, when and under what
        facts and circumstances Awards shall be made, and the form, number,
        terms, conditions and duration thereof, including but not limited to
        when exercisable, the number of shares of Stock subject thereto, and
        Stock option purchase prices; to adopt, revise and rescind procedural
        rules for the transaction of the Committee's business, subject to any
        directives of the Board not inconsistent with the provisions or intent
        of the Plan or applicable provisions of law; and to make all other
        determinations and decisions, take all actions and do all things
        necessary or appropriate in and for the administration of the Plan. The
        Committee's determinations, decisions and actions under the Plan,
        including but not limited to those described above, need not be uniform
        or consistent, but may be different and selectively made and applied,
        even similar circumstances and among similarly situated persons. Unless
        contrary to the provisions of the Plan, all decisions, determinations
        and actions made or taken by the Committee shall be final and binding
        upon the Corporation and all interested persons, and their heirs,
        personal and legal representatives, successors, assigns and
        beneficiaries. No member of the Committee or of the Board shall be
        liable for any decision, determination or action made or taken in good
        faith by such person under or with respect to the Plan or its
        administration.

5.      AWARDS. Awards may be made under the Plan in the form of: (a) "Qualified
        Options" to purchase Stock that are intended to qualify for certain tax
        treatment as incentive stock options under Section 421 and 422 of the
        Code, (b) "Non-Qualified Options" to purchase Stock that are not
        intended to qualify under Sections 421-424 of the Code, (c) Stock
        appreciation rights ("SARs"), or (d) "Restricted Stock". More than one
        Award may be granted to an eligible person, and the grant of any award
        shall not be prohibit the grant of any other Award, either to the same
        person or otherwise, or impose any obligation upon the person to whom
        granted to exercise the Award. All awards and the terms and conditions
        thereof shall be set forth in written agreements, in such form and
        content as approved by the Committee from time to time, and shall be
        subject to the provisions of the Plan whether or not contained in such
        agreements. Multiple Awards for a particular person may be set forth in
        a single written agreement or in multiple agreements, as determined by
        the Committee, but in all cases each agreement for one or more Awards
        shall identify each of the Awards thereby represented as a Qualified
        Option, Non-Qualified Option, SAR, or Restricted Stock, as the case may
        be. Every Award made to a person (a "Recipient") shall be exercisable
        during his or her lifetime only by the Recipient, and shall not be
        salable, transferable or assignable by the Recipient except by his or
        her Will or pursuant to application laws of descent and distribution.

6.      ELIGIBILITY. Persons eligible to receive Awards shall be those key
        officers and other management employees of the Corporation and each
        Subsidiary as determined by the Committee. In no case, however, shall
        any current member of the Committee be eligible to receive any Awards. A
        person's eligibility to receive Awards shall not confer upon him or her
        any right to receive any Awards; rather, the Committee shall have the
        sole authority, exercisable in its discretion consistent with the
        provisions of the Plan, to select when, to whom and under what facts and
        circumstances Awards will be made. Except as otherwise provided, a
        person's eligibility to receive, or actual receipt of Awards under the
        Plan shall not limit or affect his or her benefits under or eligibility
        to participate in any other incentive or benefit plan or program of the
        Corporation or its affiliates.

7.      QUALIFIED OPTIONS. In addition to other applicable provisions of the
        Plan, all Qualified Options and Awards thereof shall be under and
        subject to the following terms and conditions:

<PAGE>

                (a) No qualified Option shall be awarded more than ten (10)
        years after the date the Plan is adopted by the Board or the date the
        Plan is approved by the Corporation's stockholders, whichever date is
        earlier;

                (b) The time period during which any Qualified Option is
        exercisable, as determined by the Committee, shall not commence before
        the expiration of six (6) months or continue beyond the expiration of
        ten (10) years after the date such Option is awarded;

                (c) If the Recipient of a Qualified Option ceases to be employed
        by the Corporation or any Subsidiary for any reason other than his or
        her death, the Committee may permit the Recipient thereafter to exercise
        such Option during its remaining term for a period of not more than
        three (3) months after such cessation of employment to the extent that
        the Option was then and remains exercisable, unless such employment
        cessation was due to the Recipient's disability as defined in Section
        22(e)(3) of the Code, in which case such three (3) month period shall be
        twelve (12) months; if the Recipient dies while employed by the
        Corporation or a Subsidiary, the Committee may permit the Recipient's
        qualified personal representatives, or any persons who acquire the
        Qualified Option pursuant to his or her Will or laws of descent and
        distribution, thereafter to exercise such Option during its remaining
        term for a period of not more than twelve (12) months after the
        Recipient's death to the extent that the Option was then and remains
        exercisable; the Committee may impose terms and conditions upon and for
        said exercise of such Qualified Option after such cessation of the
        Recipient's employment or his or her death;

                (d) The purchase price of a share of Stock subject to any
        Qualified Option, as determined by the Committee, shall not be less than
        the Stock's fair market value at the time such Option is awarded, as
        determined under paragraph 13 hereof, or less than the Stock's par
        value.

8.      NON-QUALIFIED OPTIONS. In addition to other applicable provisions of the
        Plan, all Non-Qualified Options and Awards thereof shall be under and
        subject to the following terms and conditions.

                (a) determined by the Committee, shall not be less than the time
        period during which any Non-Qualified Option is exercisable, as
        determined by the Committee, shall not commence before the expiration of
        six (6) months or continue beyond the expiration of ten (10) years after
        the date such Option is awarded;

                (b) If a Recipient of a Non-Qualified Option, before its lapse
        or full exercise, ceases to be eligible under the Plan, the Committee
        may permit the Recipient thereafter to exercise such Option during its
        remaining term, to the extent that the Option was then and remains
        exercisable, for such time period and under such terms and conditions as
        may be prescribed by the Committee;

                (c) The purchase price of a share of Stock subject to any
        Non-Qualified Option, as the Stock's fair market value at the time such
        Option is awarded, as determined under paragraph 13 hereof.

9.      STOCK APPRECIATION RIGHTS. In addition to other applicable provisions of
        the Plan, all SARs and Awards thereof shall be under and subject to the
        following terms and conditions:

                (a) SARs may be granted either alone, or in connection with
        another previously or contemporaneously granted Award (other than
        another SAR) so as to operate in tandem therewith by having the exercise
        of one affect the right to exercise the other, as and when the Committee
        may determine; however, no SAR shall be awarded in connection with a
        Qualified Option more than ten (10) years after the date the Plan is
        adopted by the Board or the date the Plan is approved by the
        Corporation's stockholders, whichever date is earlier;

                (b) Each SAR shall entitle its Recipient to receive upon
        exercise of the SAR all or a portion of the excess of (i) the fair
        market value at the time of such exercise of a specified number

<PAGE>

        of shares of Stock as determined by the Committee, over (ii) a specified
        price as determined by the Committee of such number of shares of Stock
        that, on a per share basis, is not less than the Stock's fair market
        value at the time the SAR is awarded;

                (c) Upon exercise of any SAR, the Recipient shall be paid either
        in cash or in Stock, or in any combination thereof, as the Committee
        shall determine; if such payment is to be made in Stock, the number of
        shares thereof to be issued pursuant to the exercise shall be determined
        by dividing the amount payable upon exercise by the Stock's fair market
        value at the time of exercise;

                (d) The time period during which any SAR is exercisable, as
        determined by the Committee, shall not commence before the expiration of
        six (6) months or continue beyond the expiration of ten (10) years after
        the date such SAR is awarded; however, no SAR connected with another
        Award shall be exercisable beyond the last date that such other
        connected Award may be exercised;

                (e) If a Recipient of a SAR, before its lapse or full exercise,
        ceases to be eligible under the Plan, the Committee may permit the
        Recipient thereafter to exercise such SAR during its remaining term, to
        the extent that the SAR was then and remains exercisable, for such time
        period and under such terms and conditions as may be prescribed by the
        Committee;

                (f) No SAR shall be awarded in connection with any Qualified
        Option unless the SAR (i) lapses no later than the expiration date of
        such connected Option, (ii) is for not more than the difference between
        the Stock purchase price under such connected Option and the Stock's
        fair market value at the time the SAR is exercised, (iii) is
        transferable only when and as such connected Option may be exercised,
        and (v) may be exercised only when the Stock's fair market value exceeds
        the Stock purchase price under such connected Option.

10.     RESTRICTED STOCK. In addition to other applicable provisions of the
        Plan, all Restricted Stock and Awards thereof shall be under and subject
        to the following terms and conditions:

                (a) Restricted Stock shall consist of shares of Stock that may
        be acquired by and issued to a Recipient at such time, for such or no
        purchase price, and under and subject to such transfer, forfeiture and
        other restrictions, conditions or terms as shall be determined by the
        Committee, including but not limited to prohibitions against transfer,
        substantial risks of forfeiture within the meaning of Section 83 of the
        Code, and attainment of performance or other goals, objectives or
        standards, all for or applicable to such time periods as determined by
        the Committee;

                (b) Except as otherwise provided in the Plan or the Restricted
        Stock Award, a Recipient of shares of Restricted Stock shall have all
        the rights as does a holder of Stock, including without limitation the
        right to vote such shares and receive dividends with respect thereto;
        however, during the time period of any restrictions, conditions or terms
        applicable to such Restricted Stock, the shares thereof and the right to
        vote the same and receive dividends thereon shall not be sold, assigned,
        transferred, exchanged, pledged, hypothecated, encumbered or otherwise
        disposed of except as permitted by the Plan or the Restricted Stock
        Award;

                (c) Each certificate issued for shares of Restricted Stock shall
        be deposited with the Secretary of the Corporation, or the office
        thereof, and shall bear a legend in substantially the following form and
        content:

                This Certificate and the shares of Stock hereby represented are
                subject to the provisions of the Corporation's Stock Incentive
                Plan and a certain agreement entered into between the owner and
                the Corporation pursuant to said Plan. The release of this
                Certificate and the shares of Stock hereby represented from such
                provisions shall occur only as provided by said Plan and
                agreement, a copy of which are on file of the Secretary of the
                Corporation.

<PAGE>

        Upon the lapse of satisfaction of the restrictions, conditions and terms
        applicable to such Restricted Stock, a certificate for the shares of
        Stock free thereof without such legend shall be issued to the Recipient;

                (d) If a Recipient's employment with the Corporation or a
        Subsidiary ceases for any reason prior to the lapse of the restrictions,
        conditions or terms applicable to his or her Restricted Stock, all of
        the Recipient's Restricted Stock still subject to unexpired
        restrictions, conditions or terms shall be forfeited absolutely by the
        Recipient to the Corporation without payment or delivery of any
        consideration or other thing of value by the Corporation or its
        affiliates, and thereupon and thereafter neither the Recipient nor his
        or her heirs, personal or legal representatives, successors, assigns,
        beneficiaries, or any claimants under the Recipient's Last Will or laws
        of descent and distribution, shall have any rights or claims to or
        interests in the forfeited Restricted Stock or any certificates
        representing shares thereof, or claims against the Corporation or its
        affiliates with respect thereto.

11.     EXERCISE. Except as otherwise provided in the Plan, Awards may be
        exercised in whole or in part by giving written notice thereof to the
        Secretary of the Corporation, or his or her designee, identifying the
        Award being exercised, the number of shares of Stock with respect
        thereto, and other information pertinent to exercise of the Award. The
        purchase price of the shares of Stock with respect to which an Award is
        exercised shall be paid with the written notice of exercise, either in
        cash or in Stock at its then current fair market value, or in any
        combination thereof, as the Committee shall determine; provided, that if
        the Stock tendered as payment for a Qualified Option was acquired
        through the exercise of a Qualified Option, the Recipient must have held
        such Stock for a period not less than the holding period described in
        Code Section 422(a)(l). Funds received by the Corporation from the
        exercise of any Award shall be used for its general corporate purposes.

                The Committee may permit an acceleration of previously
        established exercise terms of any Awards or the lapse of restrictions
        thereon as, when, under such facts and circumstances, and subject to
        such other or further requirements and conditions as the Committee may
        deem necessary or appropriate. In addition: (a) if the Corporation or
        its stockholders execute an agreement to dispose of all or substantially
        all of the Corporation's assets or capital stock by means of sale,
        merger, consolidation, reorganization, liquidation or otherwise, as a
        result of which the Corporation" stockholders as of immediately before
        such transaction will not own at least fifty percent (50%) of the total
        combined voting power of all classes of voting capital stock of the
        surviving entity (be it the Corporation or otherwise) immediately after
        the consummation of such transaction, thereupon any and all Awards
        immediately shall become and remain exercisable with respect to the
        total number of shares of Stock still subject thereto for the remainder
        of their respective terms unless the transaction is not consummated and
        the agreement expires or is terminated, in which case thereafter all
        Awards shall be treated as if said agreement never had been executed;
        (b) if there is an actual, attempted or threatened change in the
        ownership of at least twenty-five percent (25%) of all classes of voting
        capital stock of the Corporation, as determined by the Committee in its
        sole discretion, through the acquisition of, or an offer to acquire such
        percentage of the Corporation's voting capital stock by any person or
        entity, or persons or entities acting in concert or as a group, and such
        acquisition or offer has not been duly approved by the Board, thereupon
        any and all Awards immediately shall become and remain exercisable with
        respect to the total number of shares of Stock still subject thereto for
        the remainder of their respective terms; or (c) if during any period of
        two (2) consecutive years, the individuals who at the beginning of such
        period, thereupon any and all Awards immediately shall become and remain
        exercisable with respect to the total amount of shares of Stock still
        subject thereto for the remainder of their respective terms. If an event
        described in (a), (b) or (c) occurs, the Committee shall immediately
        notify the Recipients in writing of the occurrence of such event and
        their rights under this paragraph 11.

12.     WITHHOLDING. Whenever the Corporation is about to issue or transfer
        Stock pursuant to any Award, the Corporation may require the Recipient
        to remit to the Corporation an amount sufficient

<PAGE>

        to satisfy fully any federal, state and other jurisdictions' income and
        other tax withholding requirements prior to the delivery of any
        certificates for such shares of Stock. Whenever payments are to be made
        in cash to any Recipient pursuant to his or her exercise of an Award,
        such payments shall be made net after deduction of all amounts
        sufficient to satisfy fully and federal, state and other jurisdictions'
        income and other tax withholding requirements.

13.     VALUE. Where used in the Plan, the "fair market value" of Stock or
        Options or rights with respect thereto, including Awards, shall mean and
        be determined by: (a) in the event that the Stock is listed on an
        established exchange, the closing price of the Stock on the relevant
        date or, if no trade occurred on that day, on the next preceding day on
        which a trade occurred, (b) in the event that the Stock is not listed on
        an established exchange, but is then quoted on the National Association
        of Securities Dealers Automated Quotation System ("NASDAQ"), the average
        of the average of the closing bid and asked quotations of the Stock for
        the five (5) trading days immediately preceding the relevant date, or
        (c) in the event that the Stock is not then listed on an established
        exchange or quoted on NASDAQ, the average of the average of the closing
        bid and asked quotations of the Stock for five (5) trading days
        immediately preceding the relevant date as reported by such brokerage
        firms which are then making a market in the Stock. In the event that the
        Stock is not listed on an established exchange and no closing bid and
        asked quotations are available, fair market value shall be determined in
        good faith by the Committee. In the case of (b) or (c) above, in the
        event that no closing bid or asked quotation is available on one or more
        of such trading days, fair market value shall be determined by reference
        to the five (5) trading days immediately preceding the relevant date on
        which closing bid and asked quotations are available.

14.     AMENDMENT. To the extent permitted by applicable law, the Board may
        amend, suspend, or terminate the Plan at any time; provided, however,
        that: (a) no amendment may be adopted that permits an Award to be
        granted to any member of the Committee; (b) with respect to qualified
        options, except as specified in paragraph 18 hereof, no amendment may be
        adopted that will increase the number of shares reserved for Awards
        under the Plan, change the option price, or change the provisions
        required for compliance with Section 422 of the Code and regulations
        issued thereunder; and (c) notwithstanding anything to the contrary
        herein, no amendment may be adopted to increase the number of securities
        that may be issued under the Plan, except as specified in paragraph 18
        hereof, materially increase the benefits accruing to recipients or
        materially modify the requirements for eligibility to participate in the
        Plan, without the approval of the shareholders of the Corporation, to
        the extent that shareholder approval is required under Section 16 of the
        Securities Exchange Act of 1934, as amended, and the regulations
        thereunder, as from time to time in effect. The amendment or termination
        of this Plan shall not, without the consent of the Recipients, alter or
        impair any rights or obligations under any Award previously granted
        hereunder.

                In addition and subject to the foregoing, the Committee may
        prescribe other or additional terms, conditions and provisions with
        respect to the grant or exercise of any or all Awards as the Committee
        may determine necessary or appropriate for such Awards and the Stock
        subject thereto to qualify under and comply with all applicable laws,
        rules and regulations, and changes therein, including but not limited to
        the provisions of Sections 421 and 422 of the Code, Section 16 of the
        Securities Exchange Act of 1934, as amended, and Rule 16b-3 promulgated
        by the Securities and Exchange Commission. Without limiting the
        generality of the preceding sentence, each Qualified Option, and any SAR
        awarded in connection therewith, shall be subject to such other and
        additional terms, conditions and provisions as the Committee may deem
        necessary or appropriate in order to qualify such Option, or connected
        Option and SAR, as an incentive stock option under Section 422 of the
        Code, including but not limited to the following provisions:

                (a) The aggregate fair market value, at the time such Option is
        awarded, of the Stock subject thereto and of any Stock or other capital
        stock with respect to which incentive stock options qualifying under
        Sections 421 and 422 of the Code are exercisable for the first time by
        the Recipient during any calendar year under the Plan and any other
        plans of the Corporation or its affiliates, shall not exceed
        $100,000.00; and

<PAGE>

                (b) No Qualified Option, or any SAR in connection therewith,
        shall be awarded to any person if at the time of such Award, such person
        owns Stock possessing more than ten percent (10%) of the total combined
        voting power of all classes of capital stock of the Corporation or its
        affiliates, unless at the time such Option SAR is awarded the Stock
        purchase price under such Option is at least one hundred and ten percent
        (110%) of the fair market value of the Stock subject to such Option and
        the Option (and any SAR connected therewith) by its terms is not
        exercisable after the expiration of five (5) years from the date it is
        awarded.

                From time to time, the Committee may rescind, revise and add to
        any of such terms, conditions and provisions as may be necessary or
        appropriate to have any Awards be or remain qualified and in compliance
        with all applicable laws, rules and regulations, and may delete, omit or
        waive any of such terms, conditions or provisions that are no longer
        required by reason of changes in applicable laws, rules or regulations.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00055-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00055-of-00352.parquet"}]]