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                                                                   EXHIBIT 10.10

                          OPTIONSXPRESS HOLDINGS, INC.
                           2005 EQUITY INCENTIVE PLAN

1. PURPOSE.

     This plan shall be known as the optionsXpress Holdings, Inc. 2005 Equity
Incentive Plan (the "Plan"). The purpose of the Plan shall be to promote the
long-term growth and profitability of optionsXpress Holdings, Inc. (the
"Company") and its Subsidiaries by (i) providing certain directors, officers and
employees of, and certain other individuals who perform services for, or to whom
an offer of employment has been extended by, the Company and its Subsidiaries
with incentives to maximize stockholder value and otherwise contribute to the
success of the Company and (ii) enabling the Company to attract, retain and
reward the best available persons for positions of responsibility. Grants of
incentive or non-qualified stock options, restricted stock, performance awards
or any combination of the foregoing may be made under the Plan.

2. DEFINITIONS.

     (a) "Board of Directors" and "Board" mean the board of directors of the
Company.

     (b) "Cause" shall, with respect to any participant, have the equivalent
meaning as the term "cause" or "for cause" in any employment, consulting, or
independent contractor's agreement between the participant and the Company or
any Subsidiary, or in the absence of such an agreement that contains such a
defined term, shall mean the occurrence of one or more of the following events:

             (i) Conviction of any felony or any crime or offense lesser than a
felony involving the property of the Company or a Subsidiary; or

             (ii) Deliberate or reckless conduct that has caused demonstrable
and serious injury to the Company or a Subsidiary, monetary or otherwise, or any
other serious misconduct of such a nature that the participant's continued
relationship with the Company or a Subsidiary may reasonably be expected to
adversely affect the business or properties of the Company or any Subsidiary; or

             (iii) Willful refusal to perform or reckless disregard of duties
properly assigned, as determined by the Company; or

             (iv) Breach of duty of loyalty to the Company or a Subsidiary or
other act of fraud or dishonesty with respect to the Company or a Subsidiary.

     For purposes of this Section 2(b), any good faith determination of "Cause"
made by the Committee shall be binding and conclusive on all interested parties.

     (c) "Change in Control" means the occurrence of one of the following
events:

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             (i) if any "person" or "group" as those terms are used in Sections
13(d) and 14(d) of the Exchange Act or any successors thereto, other than an
Exempt Person, is or becomes the "beneficial owner" (as defined in Rule 13d-3
under the Exchange Act or any successor thereto), directly or indirectly, of
securities of the Company representing more than 50% of either the then
outstanding shares or the combined voting power of the then outstanding
securities of the Company; or

             (ii) during any period of two consecutive years, individuals who at
the beginning of such period constitute the Board and any new directors whose
election by the Board or nomination for election by the Company's stockholders
was approved by at least two-thirds of the directors then still in office who
either were directors at the beginning of the period or whose election was
previously so approved, cease for any reason to constitute a majority thereof;
or

             (iii) the consummation of a merger or consolidation of the Company
with any other corporation or other entity, other than a merger or consolidation
(A) which would result in all or a portion of the voting securities of the
Company outstanding immediately prior thereto continuing to represent (either by
remaining outstanding or by being converted into voting securities of the
surviving entity) more than 50% of the combined voting power of the voting
securities of the Company or such surviving entity outstanding immediately after
such merger or consolidation; or (B) by which the corporate existence of the
Company is not affected and following which the Company's chief executive
officer and directors retain their positions with the Company (and constitute at
least a majority of the Board); or

             (iv) the consummation of a plan of complete liquidation of the
Company or an agreement for the sale or disposition by the Company of all or
substantially all the Company's assets, other than a sale to an Exempt Person.

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

     (e) "Committee" means the Compensation Committee of the Board, which shall
consist solely of two or more members of the Board, and each member of the
Committee shall be (i) a "non-employee director" within the meaning of Rule
16b-3 under the Exchange Act, unless administration of the Plan by "non-employee
directors" is not then required in order for exemptions under Rule 16b-3 to
apply to transactions under the Plan, (ii) an "outside director" within the
meaning of Section 162(m) of the Code, unless administration of the Plan by
"outside directors" is not then required in order to qualify for tax
deductibility under Section 162(m) of the Code, and (iii) independent, as
defined by the rules of the Nasdaq National Market or any national securities
exchange on which any securities of the Company are listed for trading, and if
not listed for trading, by the rules of the Nasdaq National Market.

     (f) "Common Stock" means the Common Stock, par value $.00001 per share, of
the Company, and any other shares into which such stock may be changed by reason
of a recapitalization, reorganization, merger, consolidation or any other change
in the corporate structure or capital stock of the Company.

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     (g) "Competition" is deemed to occur if a person whose employment with the
Company or its Subsidiaries has terminated obtains a position as a full-time or
part-time employee of, as a member of the board of directors of, or as a
consultant or advisor with or to, or acquires an ownership interest in excess of
2% of a corporation, partnership, firm or other entity that engages, in any
state in which the Company or any Subsidiary is doing business at the time of
such person's termination of employment, in any business which competes with any
product or service of the Company or any Subsidiary.

     (h) "Disability" means a disability that would entitle an eligible
participant to payment of monthly disability payments under any Company
disability plan or any agreement between the eligible participant and the
Company as otherwise determined by the Committee.

     (i) "Exchange Act" means the Securities Exchange Act of 1934, as amended.

     (j) "Exempt Person" means (i) Summit Master Company, LLC, Summit Partners,
LLC, Summit Partners, L.P. or any of their affiliates, (ii) any person, entitiy
or group under the control of any party included in clause (i), or (iii) any
employee benefit plan of the Company or any Subsidiary, or a trustee or other
administrator or fiduciary holding securities under an employee benefit plan of
the Company or any Subsidiary.

     (k) "Family Member" has the meaning given to such term in General
Instructions A.1(a)(5) to Form S-8 under the Securities Act of 1933, as amended,
and any successor thereto.

     (l) "Fair Market Value" of a share of Common Stock of the Company means, as
of the date in question, the officially-quoted closing selling price of the
stock (or if no selling price is quoted, the bid price) on the principal
securities exchange on which the Common Stock is then listed for trading
(including for this purpose the Nasdaq National Market) (the "Market") for the
applicable trading day or, if the Common Stock is not then listed or quoted in
the Market, the Fair Market Value shall be the fair value of the Common Stock
determined in good faith by the Board; provided, however, that when shares
received upon exercise of an option are immediately sold in the open market, the
net sale price received may be used to determine the Fair Market Value of any
shares used to pay the exercise price or applicable withholding taxes and to
compute the withholding taxes.

     (m) "Good Reason" shall, with respect to any participant, have the
equivalent meaning as the term "good reason" or "for good reason" in any
employment, consulting, or independent contractor's agreement between the
participant and the Company or any Subsidiary, or in the absence of such an
agreement that contains such a defined term, shall mean (i) the assignment to
the participant of any duties materially inconsistent with the participant's
duties or responsibilities as assigned by the Company (or a Subsidiary), or any
other action by the Company (or a Subsidiary) which results in a material
diminution in such duties or responsibilities, excluding for this purpose any
isolated, insubstantial and inadvertent actions not taken in bad faith and which
are remedied by the Company (or a Subsidiary) promptly after receipt of notice
thereof given by the participant; (ii) any material failure by the Company (or a
Subsidiary) to make any payment of compensation or pay any benefits to the
participant that have

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been agreed upon between the Company (or a Subsidiary) and the participant in
writing, other than an isolated, insubstantial and inadvertent failure not
occurring in bad faith and which is remedied by the Company (or a Subsidiary)
promptly after receipt of notice thereof given by the participant; or (iii) the
Company's (or Subsidiary's) requiring the participant to be based at any office
or location outside of fifty miles from the location of employment or service as
of the date of award, except for travel reasonably required in the performance
of the participant's responsibilities.

     (n) "Incentive Stock Option" means an option conforming to the requirements
of Section 422 of the Code and any successor thereto.

     (o) "Non-Employee Director" has the meaning given to such term in Rule
16b-3 under the Exchange Act and any successor thereto.

     (p) "Non-qualified Stock Option" means any stock option other than an
Incentive Stock Option.

     (q) "Other Company Securities" mean securities of the Company other than
Common Stock, which may include, without limitation, unbundled stock units or
components thereof, debentures, preferred stock, warrants and securities
convertible into or exchangeable for Common Stock or other property.

     (r) "Performance Award" means a right, granted to a participant under
Section 12 hereof, to receive awards based upon performance criteria specified
by the Committee.

     (s) "Retirement" means retirement as defined under any Company pension plan
or retirement program or termination of one's employment on retirement with the
approval of the Committee.

     (t) "Share" means a share of Common Stock that may be issued pursuant to
the Plan.

     (u) "Subsidiary" means a corporation or other entity of which outstanding
shares or ownership interests representing 50% or more of the combined voting
power of such corporation or other entity entitled to elect the management
thereof, or such lesser percentage as may be approved by the Committee, are
owned directly or indirectly by the Company.

3. ADMINISTRATION.

     The Plan shall be administered by the Committee; provided that the Board
may, in its discretion, at any time and from time to time, resolve to administer
the Plan, in which case the term "Committee" shall be deemed to mean the Board
for all purposes herein. Subject to the provisions of the Plan, the Committee
shall be authorized to (i) select persons to participate in the Plan, (ii)
determine the form and substance of grants made under the Plan to each
participant, and the conditions and restrictions, if any, subject to which such
grants will be made, (iii) certify that the conditions and restrictions
applicable to any grant have been met, (iv) modify the terms of

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grants made under the Plan, (v) interpret the Plan and grants made thereunder,
(vi) make any adjustments necessary or desirable in connection with grants made
under the Plan to eligible participants located outside the United States and
(vii) adopt, amend, or rescind such rules and regulations, and make such other
determinations, for carrying out the Plan as it may deem appropriate. Decisions
of the Committee on all matters relating to the Plan shall be in the Committee's
sole discretion and shall be conclusive and binding on all parties. The
validity, construction, and effect of the Plan and any rules and regulations
relating to the Plan shall be determined in accordance with applicable federal
and state laws and rules and regulations promulgated pursuant thereto. No member
of the Committee and no officer of the Company shall be liable for any action
taken or omitted to be taken by such member, by any other member of the
Committee or by any officer of the Company in connection with the performance of
duties under the Plan, except for such person's own willful misconduct or as
expressly provided by statute.

     The expenses of the Plan shall be borne by the Company. The Plan shall not
be required to establish any special or separate fund or make any other
segregation of assets to assume the payment of any award under the Plan, and
rights to the payment of such awards shall be no greater than the rights of the
Company's general creditors.

4. SHARES AVAILABLE FOR THE PLAN; LIMIT ON AWARDS.

     Subject to adjustments as provided in Section 19, an aggregate of 1,250,000
shares of Common Stock may be issued pursuant to the Plan, plus an automatic
annual increase on the first day of each of the Company's fiscal years beginning
in 2006 and ending in 2014 equal to the lesser of (i) five percent (5%) of the
aggregate number of shares of Common Stock that were initially available for
issuance pursuant to the Plan or (ii) such lesser number of shares of Common
Stock equal to the number of shares of Common Stock issued by the Company during
the immediately preceding fiscal year upon exercise of options granted under the
Plan or any predecessor incentive plan (collectively, the "Shares"). The maximum
aggregate number of Shares that may be issued pursuant to Incentive Stock
Options under the Plan shall not exceed the maximum aggregate number of Shares
that may be issued pursuant to the Plan (subject to adjustments as provided in
Section 19). Such Shares may be in whole or in part authorized and unissued or
held by the Company as treasury shares. If any grant under the Plan expires or
terminates unexercised, becomes unexercisable or is forfeited as to any Shares,
or is tendered or withheld as to any Shares in payment of the exercise price of
the grant or the taxes payable with respect to the exercise, then such
unpurchased, forfeited, tendered or withheld Shares shall thereafter be
available for further grants under the Plan.

     Without limiting the generality of the foregoing provisions of this Section
4 or the generality of the provisions of Sections 3, 6 or 21 or any other
section of this Plan, the Committee may, at any time or from time to time, and
on such terms and conditions (that are consistent with and not in contravention
of the other provisions of this Plan) as the Committee may, in its sole
discretion, determine, enter into agreements (or take other actions with respect
to the options) for new options containing terms (including exercise prices)
more (or less) favorable than the outstanding options.

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     In any one calendar year, the Committee shall not grant to any one
participant awards to purchase or acquire a number of Shares in excess of twenty
percent (20%) of the total number of Shares authorized under the Plan pursuant
to this Section 4.

5. PARTICIPATION.

     Participation in the Plan shall be limited to those directors (including
Non-Employee Directors), officers (including non-employee officers) and
employees of, and other individuals performing services for, or to whom an offer
of employment has been extended by, the Company and its Subsidiaries selected by
the Committee (including participants located outside the United States).
Nothing in the Plan or in any grant thereunder shall confer any right on a
participant to continue in the service or employ as a director or officer of or
in the performance of services for the Company or a Subsidiary or shall
interfere in any way with the right of the Company or a Subsidiary to terminate
the employment or performance of services or to reduce the compensation or
responsibilities of a participant at any time. By accepting any award under the
Plan, each participant and each person claiming under or through him or her
shall be conclusively deemed to have indicated his or her acceptance and
ratification of, and consent to, any action taken under the Plan by the Company,
the Board or the Committee.

     Incentive Stock Options or Non-qualified Stock Options, restricted stock
awards, performance awards, or any combination thereof, may be granted to such
persons and for such number of Shares as the Committee shall determine (such
individuals to whom grants are made being sometimes herein called "optionees" or
"grantees," as the case may be). Determinations made by the Committee under the
Plan need not be uniform and may be made selectively among eligible individuals
under the Plan, whether or not such individuals are similarly situated. A grant
of any type made hereunder in any one year to an eligible participant shall
neither guarantee nor preclude a further grant of that or any other type to such
participant in that year or subsequent years.

6. INCENTIVE AND NON-QUALIFIED OPTIONS.

     The Committee may from time to time grant to eligible participants
Incentive Stock Options, Non-qualified Stock Options, or any combination
thereof; provided that the Committee may grant Incentive Stock Options only to
eligible employees of the Company or its subsidiaries (as defined for this
purpose in Section 424(f) of the Code or any successor thereto). The options
granted shall take such form as the Committee shall determine, subject to the
following terms and conditions.

     It is the Company's intent that Non-qualified Stock Options granted under
the Plan not be classified as Incentive Stock Options, that Incentive Stock
Options be consistent with and contain or be deemed to contain all provisions
required under Section 422 of the Code and any successor thereto, and that any
ambiguities in construction be interpreted in order to effectuate such intent.
If an Incentive Stock Option granted under the Plan does not qualify as such for
any reason, then to the extent of such non-qualification, the stock option
represented thereby shall be regarded as a Non-qualified Stock Option duly
granted under the Plan, provided that such stock option otherwise meets the
Plan's requirements for Non-qualified Stock Options.

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     (a) PRICE. The price per Share deliverable upon the exercise of each option
("exercise price") shall be established by the Committee, except that in the
case of the grant of any Incentive Stock Option, the exercise price may not be
less than 100% of the Fair Market Value of a share of Common Stock as of the
date of grant of the option, and in the case of the grant of any Incentive Stock
Option to an employee who, at the time of the grant, owns more than 10% of the
total combined voting power of all classes of stock of the Company or any of its
Subsidiaries, the exercise price may not be less than 110% of the Fair Market
Value of a share of Common Stock as of the date of grant of the option, in each
case unless otherwise permitted by Section 422 of the Code or any successor
thereto.

     (b) PAYMENT. Options may be exercised, in whole or in part, upon payment of
the exercise price of the Shares to be acquired. Unless otherwise determined by
the Committee, payment shall be made (i) in cash (including check, bank draft,
money order or wire transfer of immediately available funds), (ii) by delivery
of outstanding shares of Common Stock with a Fair Market Value on the date of
exercise equal to the aggregate exercise price payable with respect to the
options' exercise, (iii) by simultaneous sale through a broker reasonably
acceptable to the Committee of Shares acquired on exercise, as permitted under
Regulation T of the Federal Reserve Board or (iv) by any combination of the
foregoing.

     In the event a grantee elects to pay the exercise price payable with
respect to an option pursuant to clause (ii) above, (A) only a whole number of
share(s) of Common Stock (and not fractional shares of Common Stock) may be
tendered in payment, (B) such grantee must present evidence acceptable to the
Company that he or she has owned any such shares of Common Stock tendered in
payment of the exercise price (and that such tendered shares of Common Stock
have not been subject to any substantial risk of forfeiture) for at least six
months prior to the date of exercise, and (C) Common Stock must be delivered to
the Company. Delivery for this purpose may, at the election of the grantee, be
made either by (1) physical delivery of the certificate(s) for all such shares
of Common Stock tendered in payment of the price, accompanied by duly executed
instruments of transfer in a form acceptable to the Company, or (2) direction to
the grantee's broker to transfer, by book entry, such shares of Common Stock
from a brokerage account of the grantee to a brokerage account specified by the
Company. When payment of the exercise price is made by delivery of Common Stock,
the difference, if any, between the aggregate exercise price payable with
respect to the option being exercised and the Fair Market Value of the shares of
Common Stock tendered in payment (plus any applicable taxes) shall be paid in
cash. No grantee may tender shares of Common Stock having a Fair Market Value
exceeding the aggregate exercise price payable with respect to the option being
exercised (plus any applicable taxes).

     (c) TERMS OF OPTIONS. The term during which each option may be exercised
shall be determined by the Committee, but if required by the Code and except as
otherwise provided herein, no option shall be exercisable in whole or in part
more than ten years from the date it is granted, and no Incentive Stock Option
granted to an employee who at the time of the grant owns more than 10% of the
total combined voting power of all classes of stock of the Company or any of its
Subsidiaries shall be exercisable more than five years from the date it is
granted. All rights to purchase Shares pursuant to an option shall, unless
sooner terminated, expire at the date designated by the Committee. The Committee
shall determine the date on

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which each option shall become exercisable and may provide that an option shall
become exercisable in installments. The Shares constituting each installment may
be purchased in whole or in part at any time after such installment becomes
exercisable, subject to such minimum exercise requirements as may be designated
by the Committee. Prior to the exercise of an option and delivery of the Shares
represented thereby, the optionee shall have no rights as a stockholder with
respect to any Shares covered by such outstanding option (including any dividend
or voting rights).

     (d) LIMITATIONS ON GRANTS. If required by the Code, the aggregate Fair
Market Value (determined as of the grant date) of Shares for which an Incentive
Stock Option is exercisable for the first time during any calendar year under
all equity incentive plans of the Company and its Subsidiaries (as defined in
Section 422 of the Code or any successor thereto) may not exceed $100,000.

     (e) TERMINATION.

             (i) DEATH OR DISABILITY. Except as otherwise determined by the
Committee, if a participant ceases to be a director, officer or employee of, or
to perform other services for, the Company and any Subsidiary due to death or
Disability, all of the participant's options that were exercisable on the date
of such cessation shall remain so for a period of 180 days from the date of such
death or Disability, but in no event after the expiration date of the options;
provided that the participant does not engage in Competition during such 180-day
period unless he or she received written consent to do so from the Board or the
Committee. Notwithstanding the foregoing, if the Disability giving rise to the
termination of employment is not within the meaning of Section 22(e)(3) of the
Code or any successor thereto, Incentive Stock Options not exercised by such
participant within 90 days after the date of termination of employment will
cease to qualify as Incentive Stock Options and will be treated as Non-qualified
Stock Options under the Plan if required to be so treated under the Code.

             (ii) RETIREMENT. Except as otherwise determined by the Committee,
if a participant ceases to be a director, officer or employee of, or to perform
other services for, the Company or any Subsidiary upon the occurrence of his or
her Retirement, (A) all of the participant's options that were exercisable on
the date of Retirement shall remain exercisable for, and shall otherwise
terminate at the end of, a period of 90 days after the date of Retirement, but
in no event after the expiration date of the options; provided that the
participant does not engage in Competition during such 90-day period unless he
or she receives written consent to do so from the Board or the Committee, and
(B) all of the participant's options that were not exercisable on the date of
Retirement shall be forfeited immediately upon such Retirement; provided,
however, that such options may become fully vested and exercisable in the
discretion of the Committee. Notwithstanding the foregoing, Incentive Stock
Options not exercised by such participant within 90 days after Retirement will
cease to qualify as Incentive Stock Options and will be treated as Non-qualified
Stock Options under the Plan if required to be so treated under the Code.

             (iii) DISCHARGE FOR CAUSE. Except as otherwise determined by the
Committee, if a participant ceases to be a director, officer or employee of, or
to perform other services for, the Company or a Subsidiary due to Cause, or if a
participant does not become a

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director, officer or employee of, or does not begin performing other services
for, the Company or a Subsidiary for any reason, all of the participant's
options shall expire and be forfeited immediately upon such cessation or
non-commencement, whether or not then exercisable.

             (iv) OTHER TERMINATION. Except as otherwise determined by the
Committee, if a participant ceases to be a director, officer or employee of, or
to otherwise perform services for, the Company or a Subsidiary for any reason
other than death, Disability, Retirement or Cause, (A) all of the participant's
options that were exercisable on the date of such cessation shall remain
exercisable for, and shall otherwise terminate at the end of, a period of 90
days after the date of such cessation, but in no event after the expiration date
of the options; provided that the participant does not engage in Competition
during such 90-day period unless he or she receives written consent to do so
from the Board or the Committee, and (B) all of the participant's options that
were not exercisable on the date of such cessation shall be forfeited
immediately upon such cessation.

     (f) OPTIONS EXERCISABLE FOR RESTRICTED STOCK. The Committee shall have the
discretion to grant options which are exercisable for Shares of restricted
stock. Should the participant cease to be a director, officer or employee of, or
to perform other services for, the Company or any Subsidiary while holding such
Shares of restricted stock, the Company shall have the right to repurchase, at
the exercise price paid per share, any or all of those Shares of restricted
stock. The terms upon which such repurchase right shall be exercisable
(including the period and procedure for exercise and the appropriate vesting
schedule for the purchased shares) shall be established by the Committee and set
forth in the document evidencing such repurchase right.

7. [INTENTIONALLY OMITTED].

8. RESTRICTED STOCK.

     The Committee may at any time and from time to time grant Shares of
restricted stock under the Plan to such participants and in such amounts as it
determines. Each grant of Shares of restricted stock shall specify the
applicable restrictions on such Shares, the duration of such restrictions (which
shall be at least six months except as otherwise determined by the Committee or
provided in the third paragraph of this Section 8), and the time or times at
which such restrictions shall lapse with respect to all or a specified number of
Shares that are part of the grant.

     The participant will be required to pay the Company the aggregate par value
of any Shares of restricted stock (or such larger amount as the Board may
determine to constitute capital under Section 154 of the Delaware General
Corporation Law, as amended, or any successor thereto) within ten days of the
date of grant, unless such Shares of restricted stock are treasury shares.
Unless otherwise determined by the Committee, certificates representing Shares
of restricted stock granted under the Plan will be held in escrow by the Company
on the participant's behalf during any period of restriction thereon and will
bear an appropriate legend specifying the applicable restrictions thereon, and
the participant will be required to execute a blank stock power therefor. Except
as otherwise provided by the Committee, during such period

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of restriction the participant shall have all of the rights of a holder of
Common Stock, including but not limited to the rights to receive dividends and
to vote, and any stock or other securities received as a distribution with
respect to such participant's restricted stock shall be subject to the same
restrictions as then in effect for the restricted stock.

     At such time as a participant ceases to be a director, officer, or employee
of, or to otherwise perform services for, the Company and its Subsidiaries due
to death, Disability or Retirement during any period of restriction, all
restrictions on Shares of restricted stock granted to such participant shall
lapse. At such time as a participant ceases to be, or in the event a participant
does not become, a director, officer or employee of, or otherwise performing
services for, the Company or its Subsidiaries for any other reason, all Shares
of restricted stock granted to such participant on which the restrictions have
not lapsed shall be immediately forfeited to the Company.

9. DEFERRED SHARES.

     The Committee is authorized to grant deferred Shares to participants, which
are rights to receive Shares, cash, or a combination thereof at the end of a
specified deferral period, subject to terms and conditions as the Committee may
specify.

     Satisfaction of an award of deferred Shares shall occur upon expiration of
the deferral period specified for such deferred Shares by the Committee (or, if
permitted by the Committee, as elected by the participant). In addition,
deferred Shares shall be subject to such restrictions (which may include a risk
of forfeiture) as the Committee may impose, if any, which restrictions may lapse
at the expiration of the deferral period or at earlier specified times
(including based on achievement of performance goals and/or future service
requirements), separately or in combination, in installments or otherwise, as
the Committee may determine. Deferred Share awards may be satisfied by delivery
of Stock, cash equal to the Fair Market Value of the specified number of Shares
covered by the deferred Share award, or a combination thereof, as determined by
the Committee at the date of grant or thereafter. Prior to satisfaction of an
award of deferred Shares, an award of deferred shares carries no voting or
dividend or other rights associated with share ownership.

     Except as otherwise determined by the Committee, if a participant ceases to
be a director, officer or employee of, or to perform other services for, the
Company or any Subsidiary during the applicable deferral period thereof to which
forfeiture conditions apply (as provided in the award agreement evidencing the
deferred Shares), the participant's deferred Shares that are at that time
subject to deferral (other than a deferral at the election of the participant)
shall be forfeited; provided that the Committee may provide, by rule or
regulation or in any award agreement, or may determine in any individual case,
that restrictions or forfeiture conditions relating to deferred Shares shall be
waived in whole or in part in the event of terminations resulting from specified
causes, and the Committee may in other cases waive in whole or in part the
forfeiture of deferred Shares.

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10. DIVIDEND EQUIVALENTS.

     The Committee is authorized to grant dividend equivalents to a participant
entitling the participant to receive cash, Shares, other awards, or other
property equal in value to dividends paid with respect to a specified number of
shares of Common Stock of the Company, or other periodic payments. Dividend
equivalents may be awarded on a free-standing basis or in connection with
another award. The Committee may provide that dividend equivalents shall be paid
or distributed when accrued or shall be deemed to have been reinvested in
additional shares of Common Stock of the Company, awards, or other investment
vehicles, and subject to such restrictions on transferability and risks of
forfeiture, as the Committee may specify.

11. OTHER STOCK-BASED AWARDS.

     The Committee is authorized, subject to limitations under applicable law,
to grant to participants such other awards that may be denominated or payable
in, valued in whole or in part by reference to, or otherwise based on, or
related to, shares of Common Stock of the Company, as deemed by the Committee to
be consistent with the purposes of the Plan, including, without limitation,
convertible or exchangeable debt securities, other rights convertible or
exchangeable into Shares, purchase rights for Shares, awards with value and
payment contingent upon performance of the Company or any other factors
designated by the Committee, and awards valued by reference to the book value of
Shares or the value of securities of or the performance of specified
Subsidiaries. The Committee shall determine the terms and conditions of such
awards. Shares delivered pursuant to an award in the nature of a purchase right
granted under this Section 11 shall be purchased for such consideration
(including without limitation loans from the Company or a Subsidiary to the
extent permissible under the Sarbanes-Oxley Act of 2002 and other applicable
law), paid for at such times, by such methods, and in such forms, including,
without limitation, cash, Shares, other awards or other property, as the
Committee shall determine. Cash awards, as an element of or supplement to any
other award under the Plan, may also be granted pursuant to this Section 11.

12. PERFORMANCE AWARDS.

     The Committee is authorized to make Performance Awards payable in cash,
Shares, or other awards, on terms and conditions established by the Committee,
subject to the provisions of this Section 12.

     The performance goals for such Performance Awards shall consist of one or
more business criteria and a targeted level or levels of performance with
respect to each of such criteria, or such other personal or business goals and
objectives, as the Committee shall determine. The Committee may determine that
such Performance Awards shall be granted, exercised and/or settled upon
achievement of any one performance goal or that two or more of the performance
goals must be achieved as a condition to grant, exercise and/or settlement of
such Performance Awards. Performance goals may differ for Performance Awards
granted to any one participant or to different participants.

                                       11
<Page>

     The period over which performance is to be measured shall commence on the
date specified by the Committee and shall end on the last day of a fiscal year
specified by the Committee. A Performance Award shall be paid no later than the
15th day of the third month following the completion of a performance period.
During the performance period, the Committee shall have the authority to adjust
the performance goals and objectives for such performance period for such
reasons as it deems equitable.

     The Committee may establish a Performance Award pool, which shall be an
unfunded pool, for purposes of measuring Company performance in connection with
Performance Awards. The amount of such Performance Award pool shall be based
upon the achievement of a performance goal or goals during the given performance
period, as specified by the Committee. The Committee may specify the amount of
the Performance Award pool as a percentage of any of such business criteria, a
percentage thereof in excess of a threshold amount, or as another amount which
need not bear a strictly mathematical relationship to such business criteria.

     Settlement of Performance Awards shall be in cash, Shares, other awards or
other property, in the discretion of the Committee. The Committee may, in its
discretion, reduce the amount of a settlement otherwise to be made in connection
with such Performance Awards. The Committee shall specify the circumstances in
which such Performance Awards shall be paid or forfeited in the event of
termination of the participant's employment or service prior to the end of a
performance period or settlement of Performance Awards.

13. [INTENTIONALLY OMITTED].

14. WITHHOLDING TAXES.

     (a) PARTICIPANT ELECTION. Unless otherwise determined by the Committee, a
participant may elect to deliver shares of Common Stock (or have the Company
withhold shares acquired upon exercise of an option or deliverable upon grant or
vesting of restricted stock, as the case may be) to satisfy, in whole or in
part, the amount the Company is required to withhold for taxes in connection
with the exercise of an option or the delivery of restricted stock upon grant or
vesting, as the case may be. Such election must be made on or before the date
the amount of tax to be withheld is determined. Once made, the election shall be
irrevocable. The fair market value of the shares to be withheld or delivered
will be the Fair Market Value as of the date the amount of tax to be withheld is
determined. In the event a participant elects to deliver or have the Company
withhold shares of Common Stock pursuant to this Section 14(a), such delivery or
withholding must be made subject to the conditions and pursuant to the
procedures set forth in Section 6(b) with respect to the delivery or withholding
of Common Stock in payment of the exercise price of options.

     (b) COMPANY REQUIREMENT. The Company may require, as a condition to any
grant or exercise under the Plan or to the delivery of certificates for Shares
issued hereunder, that the grantee make provision for the payment to the
Company, either pursuant to Section 14(a) or this Section 14(b), of federal,
state or local taxes of any kind required by law to be withheld with respect to
any grant or delivery of Shares. The Company, to the extent permitted or
required by law, shall have the right to deduct from any payment of any kind
(including salary or bonus)

                                       12
<Page>

otherwise due to a grantee, an amount equal to any federal, state or local taxes
of any kind required by law to be withheld with respect to any grant or delivery
of Shares under the Plan.

15. WRITTEN AGREEMENT; VESTING.

     Each employee to whom a grant is made under the Plan shall enter into a
written agreement with the Company that shall contain such provisions, including
without limitation vesting requirements, consistent with the provisions of the
Plan, as may be approved by the Committee. Unless the Committee determines
otherwise and except as otherwise provided in Sections 6 and 8 in connection
with certain occurrences of termination, no grant under this Plan may be
exercised, and no restrictions relating thereto may lapse, within six months of
the date such grant is made.

16. TRANSFERABILITY.

     Unless the Committee determines otherwise, no option, performance award or
restricted stock granted under the Plan shall be transferable by a participant
other than by will or the laws of descent and distribution or to a participant's
Family Member by gift or a qualified domestic relations order as defined by the
Code. Unless the Committee determines otherwise, an option or performance award
may be exercised only by the optionee or grantee thereof; by his or her Family
Member if such person has acquired the option or performance award by gift or
qualified domestic relations order; by the executor or administrator of the
estate of any of the foregoing or any person to whom the Option is transferred
by will or the laws of descent and distribution; or by the guardian or legal
representative of any of the foregoing; provided that Incentive Stock Options
may be exercised by any Family Member, guardian or legal representative only if
permitted by the Code and any regulations thereunder. All provisions of this
Plan shall in any event continue to apply to any option, performance award or
restricted stock granted under the Plan and transferred as permitted by this
Section 16, and any transferee of any such option, performance award or
restricted stock shall be bound by all provisions of this Plan as and to the
same extent as the applicable original grantee.

17. LISTING, REGISTRATION AND QUALIFICATION.

     If the Committee determines that the listing, registration or qualification
upon any securities exchange or under any law of Shares subject to any option,
performance award or restricted stock grant is necessary or desirable as a
condition of, or in connection with, the granting of same or the issue or
purchase of Shares thereunder, no such option may be exercised in whole or in
part, no such performance award may be paid out, and no Shares may be issued,
unless such listing, registration or qualification is effected free of any
conditions not acceptable to the Committee.

18. TRANSFERS BETWEEN COMPANY AND SUBSIDIARIES.

     The transfer of an employee, consultant or independent contractor from the
Company to a Subsidiary, from a Subsidiary to the Company, or from one
Subsidiary to another shall not be considered a termination of employment or
services; nor shall it be considered a termination of

                                       13
<Page>

employment if an employee is placed on military or sick leave or such other
leave of absence which is considered by the Committee as continuing intact the
employment relationship.

19. ADJUSTMENTS.

     In the event of a reorganization, recapitalization, stock split, stock
dividend, combination of shares, merger, consolidation, distribution of assets,
or any other change in the corporate structure or shares of the Company, the
Committee shall make such adjustment as it deems appropriate in the number and
kind of Shares or other property available for issuance under the Plan
(including, without limitation, the total number of Shares available for
issuance under the Plan pursuant to Section 4), in the number and kind of
options, Shares or other property covered by grants previously made under the
Plan, and in the exercise price of outstanding options. Any such adjustment
shall be final, conclusive and binding for all purposes of the Plan. In the
event of any merger, consolidation or other reorganization in which the Company
is not the surviving or continuing corporation or in which a Change in Control
is to occur, all of the Company's obligations regarding options, performance
awards, and restricted stock that were granted hereunder and that are
outstanding on the date of such event shall, on such terms as may be approved by
the Committee prior to such event, be assumed by the surviving or continuing
corporation or canceled in exchange for property (including cash).

20. AMENDMENT AND TERMINATION OF THE PLAN.

     The Board of Directors or the Committee, without approval of the
stockholders, may amend or terminate the Plan, except that no amendment shall
become effective without prior approval of the stockholders of the Company if
stockholder approval would be required by applicable law or regulations,
including if required for continued compliance with the performance-based
compensation exception of Section 162(m) of the Code or any successor thereto,
under the provisions of Section 422 of the Code or any successor thereto, or by
any listing requirement of the principal stock exchange on which the Common
Stock is then listed.

21. AMENDMENT OR SUBSTITUTION OF AWARDS UNDER THE PLAN.

     The terms of any outstanding award under the Plan may be amended from time
to time by the Committee in its discretion in any manner that it deems
appropriate, including, but not limited to, any reduction in the exercise price
of any options awarded under the Plan or any acceleration of the date of
exercise of any award and/or payments thereunder or of the date of lapse of
restrictions on Shares (but only to the extent permitted by regulations issued
under Section 409A(a)(3) of the Code); provided that, except as otherwise
provided in Section 16, no such amendment shall adversely affect in a material
manner any right of a participant under the award without his or her written
consent. The Committee may, in its discretion, permit holders of awards under
the Plan to surrender outstanding awards in order to exercise or realize rights
under other awards, or in exchange for the grant of new awards, or require
holders of awards to surrender outstanding awards as a condition precedent to
the grant of new awards under the Plan, but only if such surrender, exercise,
realization, exchange, or grant (a) would not constitute a distribution of
deferred compensation for purposes of Section 409A(a)(3) of the Code or (b)

                                       14
<Page>

constitutes a distribution of deferred compensation that is permitted under
regulations issued pursuant to Section 409A(a)(3) of the Code.

22. COMMENCEMENT DATE; TERMINATION DATE.

     The date of commencement of the Plan shall be the date of the closing of
the Company's initial public offering of its Common Stock. If required by the
Code, the Plan will also be subject to reapproval by the shareholders of the
Company prior to the fifth anniversary of such commencement date.

     Unless previously terminated upon the adoption of a resolution of the Board
terminating the Plan, the Plan shall terminate at the close of business on the
tenth anniversary of the date of commencement. No termination of the Plan shall
materially and adversely affect any of the rights or obligations of any person,
without his or her written consent, under any grant of options or other
incentives theretofore granted under the Plan.

23. SEVERABILITY.

     Whenever possible, each provision of the Plan shall be interpreted in such
manner as to be effective and valid under applicable law, but if any provision
of the Plan is held to be prohibited by or invalid under applicable law, such
provision shall be ineffective only to the extent of such prohibition or
invalidity, without invalidating the remainder of the Plan.

24. GOVERNING LAW.

     The Plan shall be governed by the corporate laws of the State of Delaware,
without giving effect to any choice of law provisions that might otherwise refer
construction or interpretation of the Plan to the substantive law of another
jurisdiction.

                                       15<Page>

                                                              EXHIBIT 10.11

                          OPTIONSXPRESS HOLDINGS, INC.

                        2005 EMPLOYEE STOCK PURCHASE PLAN

<Page>

<Table>
<Caption>

Table of Contents                                                      Page

<S>                                                                     <C>
 1.   PURPOSE.............................................................3

 2.   DEFINITIONS.........................................................3

 3.   ELIGIBILITY.........................................................5

 4.   OFFERING PERIODS....................................................5

 5.   PARTICIPATION.......................................................5

 6.   PLAN CONTRIBUTIONS..................................................5

 7.   GRANT OF OPTION.....................................................8

 8.   EXERCISE OF OPTIONS.................................................9

 9.   ISSUANCE OF SHARES..................................................9

10.   PARTICIPANT ACCOUNTS...............................................10

11.   DESIGNATION OF BENEFICIARY.........................................10

12.   TRANSFERABILITY....................................................10

13.   WITHDRAWAL; TERMINATION OF EMPLOYMENT..............................11

14.   COMMON STOCK AVAILABLE UNDER THE PLAN..............................11

15.   ADMINISTRATION.....................................................12

16.   AMENDMENT, SUSPENSION, AND TERMINATION OF THE PLAN.................13

17.   NOTICES............................................................14

18.   EXPENSES OF THE PLAN...............................................14

19.   NO EMPLOYMENT RIGHTS...............................................14

20.   APPLICABLE LAW.....................................................14

21.   ADDITIONAL RESTRICTIONS OF RULE 16B-3..............................14

22.   EFFECTIVE DATE.....................................................14
</Table>

                                       2
<Page>

                          OPTIONSXPRESS HOLDINGS, INC.
                        2005 EMPLOYEE STOCK PURCHASE PLAN

1. PURPOSE. The purpose of the Plan is to provide incentive for present and
future employees of the Company and any Designated Subsidiary to acquire a
proprietary interest (or increase an existing proprietary interest) in the
Company through the purchase of Common Stock. It is the Company's intention that
the Plan qualify as an "employee stock purchase plan" under Section 423 of the
Code. Accordingly, the provisions of the Plan shall be administered, interpreted
and construed in a manner consistent with the requirements of that section of
the Code.

2. DEFINITIONS.

     (a) "Board" means the Board of Directors of the Company.

     (b) "Code" means the Internal Revenue Code of 1986, as amended, and any
successor thereto.

     (c) "Committee" means the committee appointed by the Board to administer
the Plan as described in Section 15 of the Plan or if no such Committee is
appointed, the Board.

     (d) "Common Stock" means the Company's common stock, par value $0.0001 per
share, after giving effect to the Company's common stock split in connection
with the Company's planned Initial Public Offering (the "Common Stock Split").
All Common Stock share numbers set forth in this Plan refer to numbers of shares
of Common Stock after giving effect to the Common Stock Split.

     (e) "Company" means optionsXpress Holdings, Inc., a Delaware corporation.

     (f) "Compensation" means, with respect to each Participant for each pay
period, the full base salary and overtime paid to such Participant by the
Company or a Designated Subsidiary. Except as otherwise determined by the
Committee, "Compensation" does not include: (i) bonuses or commissions, (ii) any
amounts contributed by the Company or a Designated Subsidiary to any pension
plan, (iii) any automobile or relocation allowances (or reimbursement for any
such expenses), (iv) any amounts paid as a starting bonus or finder's fee, (v)
any amounts realized from the exercise of any stock options or incentive awards,
(vi) any amounts paid by the Company or a Designated Subsidiary for other fringe
benefits, such as health and welfare, hospitalization and group life insurance
benefits, or perquisites, or paid in lieu of such benefits, or (vii) other
similar forms of extraordinary compensation.

     (g) "Continuous Status as an Employee" means the absence of any
interruption or termination of service as an Employee. Continuous Status as an
Employee shall not be considered interrupted in the case of a leave of absence
agreed to in writing by the Company or the Designated Subsidiary that employs
the Employee, provided that such leave is for a period of not more than 90 days
or reemployment upon the expiration of such leave is guaranteed by contract or
statute.

     (h) "Designated Subsidiaries" means the Subsidiaries that have been
designated by the Board from time to time in its sole discretion as eligible to
participate in the Plan.

                                       3
<Page>

     (i) "Employee" means any person, including an Officer, whose customary
employment with the Company or one of its Designated Subsidiaries is at least
twenty (20) hours per week and more than five (5) months in any calendar year.

     (j) "Entry Date" means the first day of each Offering Period.

     (k) "Exchange Act" means the Securities Exchange Act of 1934, as amended.

     (l) "Exercise Date" means the last Trading Day ending on or before each
June 30 and December 31.

     (m) "Exercise Price" means the price per share of Common Stock offered in a
given Offering Period determined as provided in Section 7(b).

     (n) "Fair Market Value" means, with respect to a share of Common Stock, the
Fair Market Value as determined under Section 7(c).

     (o) "First Offering Date" means the commencement date of the initial public
offering contemplated by the Registration Statement on Form S-1 filed by the
Company with the Securities and Exchange Commission.

     (p) "Offering Date" means the first Trading Day of each Offering Period;
provided, that in the case of an individual who becomes eligible to become a
Participant under Section 3(b) after the first Trading Day of an Offering
Period, the term "Offering Date" shall mean the first Trading Day of the
Offering Period coinciding with or next succeeding the day on which that
individual becomes eligible to become a Participant. Options granted after the
first day of an Offering Period will be subject to the same terms as the options
granted on the first Trading Day of such Offering Period except that they will
have a different grant date (thus, potentially, a different exercise price) and,
because they expire at the same time as the options granted on the first Trading
Day of such Offering Period, a shorter term.

     (q) "Offering Period" means, subject to adjustment as provided in Section
4(b), (i) with respect to the first Offering Period, the period beginning on the
First Offering Date and ending on June 30, 2005, and (ii) with respect to each
Offering Period thereafter, the period beginning on the first Trading Day after
each Exercise Date, and terminating on the immediately following Exercise Date.

     (r) "Officer" means a person who is an officer of the Company within the
meaning of Section 16 under the Exchange Act and the rules and regulations
promulgated thereunder.

     (s) "Participant" means an Employee automatically enrolled in the Plan
pursuant to Section 5(b) hereof, or an Employee who has elected to participate
in the Plan by filing an enrollment agreement with the Company as provided in
Section 5(a) hereof.

     (t) "Plan" means this optionsXpress Holdings, Inc. 2005 Employee Stock
Purchase Plan.

                                       4
<Page>

     (u) "Plan Contributions" means, with respect to each Participant, the lump
sum cash transfers, if any, made by the Participant to the Plan pursuant to
Section 6(a) or 6(g)(ii) hereof, plus the after-tax payroll deductions, if any,
withheld from the Compensation of the Participant and contributed to the Plan
for the Participant as provided in Section 6 hereof, and any other amounts
contributed to the Plan for the Participant in accordance with the terms of the
Plan.

     (v) "Subsidiary" means any corporation, domestic or foreign, of which the
Company owns, directly or indirectly, 50% or more of the total combined voting
power of all classes of stock, and that otherwise qualifies as a "subsidiary
corporation" within the meaning of Section 424(f) of the Code.

     (w) "Trading Day" means a day on which the national stock exchanges and the
Nasdaq system are open for trading.

3. ELIGIBILITY.

     (a) FIRST OFFERING DATE. Any individual who is an Employee as of the First
Offering Date shall be eligible to become a Participant as of the First Offering
Date.

     (b) SUBSEQUENT OFFERING DATES. Any individual who has completed at least
three (3) months of employment with the Company or any Subsidiary and who is an
Employee as of the Offering Date of a given Offering Period shall be eligible to
become a Participant as of any Entry Date within that Offering Period under the
Plan.

4. OFFERING PERIODS.

     (a) IN GENERAL. The Plan shall generally be implemented by a series of
Offering Periods.

     (b) CHANGES BY COMMITTEE. The Committee shall have the power to make
changes to the duration and/or the frequency of Offering Periods with respect to
future offerings if such change is announced at least five (5) days prior to the
scheduled beginning of the first Offering Period to be affected.

5. PARTICIPATION.

     (a) ENTRY DATES. Employees meeting the eligibility requirements of Section
3(b) hereof after the First Offering Date may elect to participate in the Plan
commencing on any Entry Date by completing an enrollment agreement on the form
provided by the Company and filing the enrollment agreement with the Company on
or prior to such Entry Date, unless a later time for filing the enrollment
agreement is set by the Committee for all eligible Employees with respect to a
given offering.

     (b) SPECIAL RULE FOR FIRST OFFERING DATE. All Employees who are eligible as
of the First Offering Date shall automatically become Participants in the Plan
as of the First Offering Date.

6. PLAN CONTRIBUTIONS.

                                       5
<Page>

     (a) CONTRIBUTION BY PAYROLL DEDUCTION. Except with respect to the initial
Offering Period, and except as otherwise authorized by the Committee, all
contributions to the Plan shall be made only by payroll deductions. The
Committee may, but need not, permit Participants to make after-tax contributions
to the Plan at such times and subject to such terms and conditions as the
Committee may in its discretion determine. All such additional contributions
shall be made in a manner consistent with the provisions of Section 423 of the
Code or any successor thereto, and shall be treated in the same manner as
payroll deductions contributed to the Plan as provided herein.

     (b) PAYROLL DEDUCTION ELECTION ON ENROLLMENT AGREEMENT. At the time a
Participant files the enrollment agreement with respect to an Offering Period,
the Participant may authorize payroll deductions to be made on each payroll date
during the portion of the Offering Period that he or she is a Participant in an
amount not less than 1% and not more than 15% of the Participant's Compensation
on each payroll date during the portion of the Offering Period that he or she is
a Participant. The amount of payroll deductions must be a whole percentage
(e.g., 1%, 2%, 3%, etc.) of the Participant's Compensation.

     (c) COMMENCEMENT OF PAYROLL DEDUCTIONS. Except as otherwise determined by
the Committee under rules applicable to all Participants, payroll deductions for
Participants enrolling in the Plan after the First Offering Date under Section
5(a) shall commence with the earliest administratively practicable payroll
period that begins on or after the Entry Date with respect to which the
Participant files an enrollment agreement in accordance with Section 5(a).

     (d) AUTOMATIC CONTINUATION OF PAYROLL DEDUCTIONS. Unless a Participant
elects otherwise prior to the last Exercise Date of an Offering Period,
including the last Exercise Date prior to termination in the case of an Offering
Period terminated under Section 4(b) or 4(c) hereof, such Participant shall be
deemed (i) to have elected to participate in the immediately succeeding Offering
Period (and, for purposes of such Offering Period the Participant's "Entry Date"
shall be deemed to be the first day of such Offering Period) and (ii) to have
authorized the same payroll deduction for the immediately succeeding Offering
Period as was in effect for the Participant immediately prior to the
commencement of the succeeding Offering Period.

     (e) CHANGE OF PAYROLL DEDUCTION ELECTION. A Participant may decrease or
increase the rate or amount of his or her payroll deductions during an Offering
Period (within the limitations of Section 6(b) above) by completing and filing
with the Company a new enrollment agreement authorizing a change in the rate or
amount of payroll deductions; provided, that a Participant may not change the
rate or amount of his or her payroll deductions more than once in any Offering
Period. Except as otherwise determined by the Committee under rules applicable
to all Participants, the change in rate or amount shall be effective as of the
earliest administratively practicable payroll period that begins on or after the
date the Committee receives the new enrollment agreement. Additionally, a
Participant may discontinue his or her participation in the Plan as provided in
Section 13(a).

     (f) AUTOMATIC CHANGES IN PAYROLL DEDUCTION. Notwithstanding the foregoing,
to the extent necessary to comply with Section 423(b)(8) of the Code, Section
7(d) hereof, or any other applicable law, a Participant's payroll deductions for
any calendar year may be decreased, including to 0%, at such time during such
calendar year that the aggregate of all payroll

                                       6
<Page>

deductions accumulated during such calendar year are equal to $25,000. Payroll
deductions shall recommence at the rate provided in the Participant's enrollment
agreement at the beginning of the first Offering Period beginning in the
following calendar year, unless the Participant terminates participation as
provided in Section 13(a).

     (g) SPECIAL RULE FOR INITIAL OFFERING PERIOD.

             (i) PRIOR TO EFFECTIVENESS OF FORM S-8. No payroll deductions shall
be made (and no payroll deduction elections shall be accepted) by the Company
for Participants during the initial Offering Period prior to the time that a
registration statement with respect to the shares of Common Stock being offered
under the Plan has been filed with the Securities and Exchange Commission on
Form S-8, and is effective. Subject to the limitations provided in Section 7(d),
each Participant shall be eligible to purchase shares of Common Stock on the
Exercise Date of the initial Offering Period in an amount equal to fifteen (15%)
percent of the Compensation that the Participant receives during the initial
Offering Period.

             (ii) AFTER EFFECTIVENESS OF FORM S-8. Once the registration
statement with respect to the shares of Common Stock being offered under the
Plan has been filed with the Securities and Exchange Commission on Form S-8, and
is effective, a Participant may, but need not, make a payroll deduction election
with respect to the initial Offering Period by filing an enrollment agreement
containing the payroll deduction election with the Company, as provided in
Section 6(b) above. A Participant may elect a lower level of participation than
that provided in Section 6(g)(i) above with respect to the initial Offering
Period at that time, or may withdraw from the Plan. If a payroll deduction is
elected under this Section 6(g)(ii), payroll deductions may commence as early as
with the first pay period beginning after the First Offering Date. Subject to
the overall participation level specified in Section 6(g)(i), the rate of
payroll deduction during the initial Offering Period may exceed the maximum
permitted rate under Section 6(b) hereof to make up for the payroll deductions,
if any, which would otherwise have been made prior to the effectiveness of the
Form S-8 with respect to the Plan. If a payroll deduction election is made under
this Section 6(g)(ii), payroll deductions shall continue at the rate elected by
the Participant, up to the maximum permitted rate under Section 6(b) hereof, for
subsequent Offering Periods, unless the Participant makes a change permitted
under Section 6(e) or withdraws from the Plan under Section 13(a).
Alternatively, the Committee may permit purchases on the Exercise Date of the
initial Offering Period to be made by direct lump sum cash transfer by the
Participant.

             (iii) SUBSEQUENT OFFERING PERIODS. For all Offering Periods
subsequent to the initial Offering Period, purchases generally must be made via
payroll deduction. Participants in the initial Offering Period who do not make a
payroll deduction election pursuant to Section 6(g)(ii) must file an enrollment
agreement containing a payroll deduction election with respect to subsequent
Offering Periods with the Company prior to the commencement of a subsequent
Offering Period (unless a later time for filing is set by the Committee for all
Participants) in order to make further purchases under the Plan. Payroll
deductions for Participants required to file a payroll deduction election under
this Section 6(g)(iii) shall commence, except as otherwise determined by the
Committee under rules applicable to all Participants, effective as of the
earliest administratively practicable payroll period that begins on or after the
first day of the

                                       7
<Page>

subsequent Offering Period. A Participant who does not timely file an enrollment
agreement shall be treated as having withdrawn under Section 13(a) hereof.

7. GRANT OF OPTION.

     (a) SHARES OF COMMON STOCK SUBJECT TO OPTION. On a Participant's Entry
Date, subject to the limitations set forth in Section 7(d) and this Section
7(a), the Participant shall be granted an option to purchase on each subsequent
Exercise Date during the Offering Period in which such Entry Date occurs (at the
Exercise Price determined as provided in Section 7(b) below) up to a number of
shares of Common Stock determined by dividing such Participant's Plan
Contributions accumulated prior to such Exercise Date and retained in the
Participant's account as of such Exercise Date by the Exercise Price.

     (b) EXERCISE PRICE. The Exercise Price per share of Common Stock offered to
each Participant in a given Offering Period shall be the lower of: (i) the
greater of (A) the Fair Market Value of a share of Common Stock on the Offering
Date or (B) the Fair Market Value of a share of Common Stock on the Entry Date
on which the Employee elects to become a Participant within the Offering Period
or (ii) the Fair Market Value of a share of Common Stock on the Exercise Date.

     (c) FAIR MARKET VALUE. The Fair Market Value of a share of Common Stock on
a given date shall be determined by the Committee in its discretion; provided,
that if there is a public market for the Common Stock, the Fair Market Value per
share shall be either (i) if the Common Stock is listed on a stock exchange, the
closing price of the Common Stock on such exchange on such date (or, in the
event that the Common Stock is not traded on such date, on the immediately
preceding trading date), as reported in The Wall Street Journal, (ii) in the
event the Common Stock is not traded on a stock exchange, the closing price of
the Common Stock on such date (or, in the event that the Common Stock is not
traded on such date, on the immediately preceding trading date), as reported by
the National Association of Securities Dealers Automated Quotation (Nasdaq)
National Market System, (iii) if such price is not reported, the average of the
bid and asked prices for the Common Stock on such date (or, in the event that
the Common Stock is not traded on such date, on the immediately preceding
trading date), as reported by Nasdaq, or (iv) if no such quotations are
available for a date within a reasonable time prior to the valuation date, the
value of the Common Stock as determined by the Committee using any reasonable
means. For purposes of the First Offering Date, the Fair Market Value of a share
of Common Stock shall be the initial public offering price as set forth in the
final prospectus filed by the Company with the Securities and Exchange
Commission pursuant to Rule 424 under the Securities Act of 1933, as amended.

     (d) LIMITATION ON OPTION THAT MAY BE GRANTED. Notwithstanding any provision
of the Plan to the contrary, no Participant shall be granted an option under the
Plan (i) to the extent that if, immediately after the grant, such Employee
(including any stock which is attributed to such Employee pursuant to Section
424(d) of the Code) would own stock and/or hold outstanding options to purchase
stock possessing, in the aggregate, 5% or more of the total combined voting
power or value of all classes of stock of the Company or of any Subsidiary of
the Company as computed under Section 423(b)(3) of the Code and the Treasury
Regulations thereunder, or (ii) to the extent that his or her rights to purchase
stock under all employee stock purchase plans of

                                       8
<Page>

the Company and its Subsidiaries intended to qualify under Section 423 of the
Code accrue at a rate which exceeds $25,000 of Fair Market Value of stock
(determined at the time such option is granted) for each calendar year in which
such option is outstanding at any time, as determined in accordance with section
423(b)(8) of the Code and the Treasury Regulations thereunder.

     (e) NO RIGHTS AS SHAREHOLDER. A Participant will have no interest or voting
right in shares covered by his option until such option has been exercised.

8. EXERCISE OF OPTIONS.

     (a) AUTOMATIC EXERCISE. A Participant's option for the purchase of shares
will be exercised automatically on each Exercise Date, and the maximum number of
full shares subject to the option shall be purchased for the Participant at the
applicable Exercise Price with the accumulated Plan Contributions then credited
to the Participant's account under the Plan. During a Participant's lifetime, a
Participant's option to purchase shares hereunder is exercisable only by the
Participant.

     (b) CARRYOVER OF EXCESS CONTRIBUTIONS. Any amount remaining to the credit
of a Participant's account after the purchase of shares by the Participant on an
Exercise Date, or which is insufficient to purchase a full share of Common
Stock, shall remain in the Participant's account, and be carried over to the
next Offering Period, unless the Participant withdraws from participation in the
Plan or elects to withdraw his or her account balance in accordance with Section
10(c).

9. ISSUANCE OF SHARES.

     (a) DELIVERY OF SHARES. As promptly as practicable after each Exercise
Date, the Company shall arrange for the delivery to each Participant (or the
Participant's beneficiary), as appropriate, or to a custodial account for the
benefit of each Participant (or the Participant's beneficiary) as appropriate,
of a certificate representing the shares purchased upon exercise of the
Participant's option.

     (b) REGISTRATION OF SHARES. Shares to be delivered to a Participant under
the Plan will be registered in the name of the Participant or in the name of the
Participant and his or her spouse, as requested by the Participant.

     (c) COMPLIANCE WITH APPLICABLE LAWS. The Plan, the grant and exercise of
options to purchase shares under the Plan, and the Company's obligation to sell
and deliver shares upon the exercise of options to purchase shares shall be
subject to compliance with all applicable federal, state and foreign laws, rules
and regulations and the requirements of any stock exchange on which the shares
may then be listed.

     (d) WITHHOLDING. The Company may make such provisions as it deems
appropriate for withholding by the Company pursuant to federal or state tax laws
of such amounts as the Company determines it is required to withhold in
connection with the purchase or sale by a Participant of any Common Stock
acquired pursuant to the Plan. The Company may require a Participant to satisfy
any relevant tax requirements before authorizing any issuance of Common Stock to
such Participant.

                                       9
<Page>

10. PARTICIPANT ACCOUNTS.

     (a) BOOKKEEPING ACCOUNTS MAINTAINED. Individual bookkeeping accounts will
be maintained for each Participant in the Plan to account for the balance of his
Plan Contributions, options issued, and shares purchased under the Plan.
However, all Plan Contributions made for a Participant shall be deposited in the
Company's general corporate accounts, and no interest shall accrue or be
credited with respect to a Participant's Plan Contributions. All Plan
Contributions received or held by the Company may be used by the Company for any
corporate purpose, and the Company shall not be obligated to segregate or
otherwise set apart such Plan Contributions from any other corporate funds.

     (b) PARTICIPANT ACCOUNT STATEMENTS. Statements of account will be given to
Participants semi-annually in due course following each Exercise Date, which
statements will set forth the amounts of payroll deductions, the per share
purchase price, the number of shares purchased and the remaining cash balance,
if any.

     (c) WITHDRAWAL OF ACCOUNT BALANCE FOLLOWING EXERCISE DATE. A Participant
may elect at any time within the first thirty (30) days following any Offering
Period, or at such other time as the Committee may from time to time prescribe,
to receive in cash any amounts carried-over in accordance with Section 8(b). An
election under this Section 10(c) shall not be treated as a withdrawal from
participation in the Plan under Section 13(a).

11. DESIGNATION OF BENEFICIARY.

     (a) DESIGNATION. A Participant may file a written designation of a
beneficiary who is to receive any shares and cash, if any, from the
Participant's account under the Plan in the event of the Participant's death
subsequent to an Exercise Date on which the Participant's option hereunder is
exercised but prior to delivery to the Participant of such shares and cash. In
addition, a Participant may file a written designation of a beneficiary who is
to receive any cash from the Participant's account under the Plan in the event
of the Participant's death prior to the exercise of the option.

     (b) CHANGE OF DESIGNATION. A Participant's beneficiary designation may be
changed by the Participant at any time by written notice. In the event of the
death of a Participant and in the absence of a beneficiary validly designated
under the Plan who is living at the time of such Participant's death, the
Company shall deliver such shares and/or cash to the executor or administrator
of the estate of the Participant, or if no such executor or administrator has
been appointed (to the knowledge of the Company), the Company, in its
discretion, may deliver such shares and/or cash to the spouse or to any one or
more dependents or relatives of the Participant, or if no spouse, dependent or
relative is known to the Company, then to such other person as the Company may
designate.

12. TRANSFERABILITY. Neither Plan Contributions credited to a Participant's
account nor any rights to exercise any option or receive shares of Common Stock
under the Plan may be assigned, transferred, pledged or otherwise disposed of in
any way (other than by will or the laws of descent and distribution, or as
provided in Section 11). Any attempted assignment, transfer,

                                       10
<Page>

pledge or other distribution shall be without effect, except that the Company
may treat such act as an election to withdraw in accordance with Section 13(a).

13. WITHDRAWAL; TERMINATION OF EMPLOYMENT.

     (a) WITHDRAWAL. A Participant may withdraw from the Plan at any time after
the Company's registration statement on Form S-8 with respect to the Plan is
effective by giving written notice to the Company. Payroll deductions, if any
have been authorized, shall cease as soon as administratively practicable after
receipt of the Participant's notice of withdrawal, and, subject to
administrative practicability, no further purchases shall be made for the
Participant's account. All Plan Contributions credited to the Participant's
account, if any, and not yet invested in Common Stock, will be paid to the
Participant as soon as administratively practicable after receipt of the
Participant's notice of withdrawal. The Participant's unexercised options to
purchase shares pursuant to the Plan automatically will be terminated. Payroll
deductions will not resume on behalf of a Participant who has withdrawn from the
Plan (a "Former Participant") unless the Former Participant enrolls in a
subsequent Offering Period in accordance with Section 5(a) and subject to the
restriction provided in Section 13(b), below.

     (b) EFFECT OF WITHDRAWAL ON SUBSEQUENT PARTICIPATION. A Former Participant
who has withdrawn from the Plan pursuant to this Section 13(b) shall not again
be eligible to participate in the Plan prior to the beginning of the Offering
Period that commences at least 12 months from the date the Former Participant
withdrew, and the Former Participant must submit a new enrollment agreement in
order to again become a Participant as of that date.

     (c) TERMINATION OF EMPLOYMENT. Upon termination of a Participant's
Continuous Status as an Employee prior to any Exercise Date for any reason,
including retirement or death, the Plan Contributions credited to the
Participant's account and not yet invested in Common Stock will be returned to
the Participant or, in the case of death, to the Participant's beneficiary as
determined pursuant to Section 11, and the Participant's option to purchase
shares under the Plan will automatically terminate.

14. COMMON STOCK AVAILABLE UNDER THE PLAN.

     (a) NUMBER OF SHARES. Subject to adjustment as provided in Section 14(b)
below, the maximum number of shares of the Company's Common Stock that shall be
made available for sale under the Plan shall be 500,000. Shares of Common Stock
subject to the Plan may be newly issued shares or shares reacquired in private
transactions or open market purchases. If and to the extent that any right to
purchase reserved shares shall not be exercised by any Participant for any
reason or if such right to purchase shall terminate as provided herein, shares
that have not been so purchased hereunder shall again become available for the
purpose of the Plan unless the Plan shall have been terminated, but all shares
sold under the Plan, regardless of source, shall be counted against the
limitation set forth above.

     (b) ADJUSTMENTS UPON CHANGES IN CAPITALIZATION; CORPORATE TRANSACTIONS.

             (i) At any time after the completion (the closing and funding) of
the Company's Initial Public Offering, if the outstanding shares of Common Stock
are increased or decreased, or are changed into or are exchanged for a different
number or kind of shares, as a

                                       11
<Page>

result of one or more reorganizations, restructurings, recapitalizations,
reclassifications, stock splits, reverse stock splits, stock dividends or the
like, upon authorization of the Committee, appropriate adjustments shall be made
in the number and/or kind of shares, and the per-share option price thereof,
which may be issued in the aggregate and to any Participant upon exercise of
options granted under the Plan.

             (ii) In the event of the proposed dissolution or liquidation of the
Company, the Offering Period will terminate immediately prior to the
consummation of such proposed action, unless otherwise provided by the
Committee.

             (iii) In the event of a proposed sale of all or substantially all
of the Company's assets, or the merger of the Company with or into another
corporation (each, a "Sale Transaction"), each option under the Plan shall be
assumed or an equivalent option shall be substituted by such successor
corporation or a parent or subsidiary of such successor corporation, unless the
Committee determines, in the exercise of its sole discretion and in lieu of such
assumption or substitution, to shorten the Offering Period then in progress by
setting a new Exercise Date (the "New Exercise Date"). If the Committee shortens
the Offering Period then in progress in lieu of assumption or substitution in
the event of a Sale Transaction, the Committee shall notify each Participant in
writing, at least ten (10) days prior to the New Exercise Date, that the
exercise date for such Participant's option has been changed to the New Exercise
Date and that such Participant's option will be exercised automatically on the
New Exercise Date, unless prior to such date the Participant has withdrawn from
the Plan as provided in Section 13(a). For purposes of this Section 14(b), an
option granted under the Plan shall be deemed to have been assumed if, following
the Sale Transaction, the option confers the right to purchase, for each share
of option stock subject to the option immediately prior to the Sale Transaction,
the consideration (whether stock, cash or other securities or property) received
in the Sale Transaction by holders of Common Stock for each share of Common
Stock held on the effective date of the Sale Transaction (and if such holders
were offered a choice of consideration, the type of consideration chosen by the
holders of a majority of the outstanding shares of Common Stock); provided, that
if the consideration received in the Sale Transaction was not solely common
stock of the successor corporation or its parent (as defined in Section 424(e)
of the Code), the Committee may, with the consent of the successor corporation
and the Participant, provide for the consideration to be received upon exercise
of the option to be solely common stock of the successor corporation or its
parent equal in fair market value to the per share consideration received by the
holders of Common Stock in the Sale Transaction.

             (iv) In all cases, the Committee shall have sole discretion to
exercise any of the powers and authority provided under this Section 14, and the
Committee's actions hereunder shall be final and binding on all Participants. No
fractional shares of stock shall be issued under the Plan pursuant to any
adjustment authorized under the provisions of this Section 14.

15. ADMINISTRATION.

     (a) COMMITTEE. The Plan shall be administered by the Committee. The
Committee shall have the authority to interpret the Plan, to prescribe, amend
and rescind rules and regulations relating to the Plan, and to make all other
determinations necessary or advisable for

                                       12
<Page>

the administration of the Plan. The administration, interpretation, or
application of the Plan by the Committee shall be final, conclusive and binding
upon all persons.

     (b) REQUIREMENTS OF EXCHANGE ACT. Notwithstanding the provisions of Section
15(a) above, in the event that Rule 16b-3 promulgated under the Exchange Act or
any successor provision thereto ("Rule 16b-3") provides specific requirements
for the administrators of plans of this type, the Plan shall only be
administered by such body and in such a manner as shall comply with the
applicable requirements of Rule 16b-3. Unless permitted by Rule 16b-3, no
discretion concerning decisions regarding the Plan shall be afforded to any
person that is not "disinterested" as that term is used in Rule 16b-3.

16. AMENDMENT, SUSPENSION, AND TERMINATION OF THE PLAN.

     (a) AMENDMENT OF THE PLAN. The Board or the Committee may at any time, or
from time to time, amend the Plan in any respect; provided, that (i) except as
otherwise provided in Section 4(c) hereof, no such amendment may make any change
in any option theretofore granted which adversely affects the rights of any
Participant and (ii) the Plan may not be amended in any way that will cause
rights issued under the Plan to fail to meet the requirements for employee stock
purchase plans as defined in Section 423 of the Code or any successor thereto.
To the extent necessary to comply with Rule 16b-3 under the Exchange Act,
Section 423 of the Code, or any other applicable law or regulation), the Company
shall obtain shareholder approval of any such amendment.

     (b) SUSPENSION OF THE PLAN. The Board or the Committee may, as of the close
of any Exercise Date, suspend the Plan; provided, that the Board or Committee
provides notice to the Participants at least five (5) business days prior to the
suspension. The Board or Committee may resume the normal operation of the Plan
as of any Exercise Date; provided further, that the Board or Committee provides
notice to the Participants at least twenty (20) business days prior to the date
of termination of the suspension period. A Participant shall remain a
Participant in the Plan during any suspension period (unless he or she withdraws
pursuant to Section 13(a)), however no options shall be granted or exercised,
and no payroll deductions shall be made in respect of any Participant during the
suspension period. Participants shall have the right to withdraw carryover funds
provided in Section 10(c) throughout any suspension period. The Plan shall
resume its normal operation upon termination of a suspension period.

     (c) TERMINATION OF THE PLAN. The Plan and all rights of Employees hereunder
shall terminate on the earliest of:

             (i) the Exercise Date that Participants become entitled to purchase
a number of shares greater than the number of reserved shares remaining
available for purchase under the Plan;

             (ii) such date as is determined by the Board in its discretion; or

             (iii) the last Exercise Date immediately preceding the tenth (10th)
anniversary of the Plan's effective date.

                                       13
<Page>

In the event that the Plan terminates under circumstances described in Section
16(c)(i) above, reserved shares remaining as of the termination date shall be
sold to Participants on a pro rata basis, based on the relative value of their
cash account balances in the Plan as of the termination date.

17. NOTICES. All notices or other communications by a Participant to the Company
under or in connection with the Plan shall be deemed to have been duly given
when received in the form specified by the Company at the location, or by the
person, designated by the Company for the receipt thereof.

18. EXPENSES OF THE PLAN. All costs and expenses incurred in administering the
Plan shall be paid by the Company, except that any stamp duties or transfer
taxes applicable to participation in the Plan may be charged to the account of
such Participant by the Company.

19. NO EMPLOYMENT RIGHTS. The Plan does not, directly or indirectly, create any
right for the benefit of any employee or class of employees to purchase any
shares under the Plan, or create in any employee or class of employees any right
with respect to continuation of employment by the Company or any Subsidiary, and
it shall not be deemed to interfere in any way with the right of the Company or
any Subsidiary to terminate, or otherwise modify, an employee's employment at
any time.

20. APPLICABLE LAW. The internal laws of the State of Delaware shall govern all
matters relating to this Plan except to the extent (if any) superseded by the
laws of the United States.

21. ADDITIONAL RESTRICTIONS OF RULE 16B-3. The terms and conditions of options
granted hereunder to, and the purchase of shares by, persons subject to Section
16 of the Exchange Act shall comply with the applicable provisions of Rule
16b-3. This Plan shall be deemed to contain, and such options shall contain, and
the shares issued upon exercise thereof shall be subject to, such additional
conditions and restrictions as may be required by Rule 16b-3 to qualify for the
maximum exemption from Section 16 of the Exchange Act with respect to Plan
transactions.

22. EFFECTIVE DATE. Subject to adoption of the Plan by the Board, the Plan shall
become effective on the First Offering Date. The Board shall submit the Plan to
the shareholders of the Company for approval within twelve months after the date
the Plan is adopted by the Board.

                                       14

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