Document:

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                                                                   Exhibit 10.12

                              EMPLOYMENT AGREEMENT

     This Employment Agreement (the "Agreement") is made and entered into in
Chelmsford, Massachusetts by and between Brooks Automation, Inc., a Delaware
corporation (the "Company") and Robert E. Anastasi (the "Executive"), as of the
date of the closing of the acquisition of Helix Technology Corporation by the
Company or a subsidiary of the Company (the "Effective Date").

                                    RECITALS

     1. The Company desires to employ Executive as Executive Vice President,
Global Operations of the Company upon the terms and conditions set forth herein.

     2. In consideration of the employment to be provided hereby and the amounts
to be paid as provided herein and the Indemnification Agreement attached hereto
as Exhibit A, the Executive has entered into the Executive Invention,
Nondisclosure, Non-Competition and Non-Solicitation Agreement attached hereto as
Exhibit B.

     For and in consideration of the mutual promises, terms, provisions and
conditions contained in this Agreement, the parties hereby agree as follows:

1. Duties. Beginning the "Effective Date", so long as the Executive remains an
employee in good standing of Helix Technology Corporation until the date of the
closing identified above, the Company shall employ Executive on an at will basis
as Executive Vice President, Global Operations of the Company. Executive shall
report to the Company's President and COO, Semiconductor Products Group.
Executive shall have such reasonable and appropriate duties as may from time to
time be assigned by the President and COO, Semiconductor Products Group, which
duties shall include, without limitation, responsibility for the Semiconductor
Products Group. Executive shall perform the duties of such office as are
provided for in the bylaws of the Company subject to the general supervision and
direction of the President and COO, Semiconductor Products Group and the
Company's board of directors (the "Board of Directors").

2. At Will Employment. Subject to Section 6 and the termination provisions
contained therein, the Executive's employment under this Agreement shall be on
an at will basis (the actual period of Executive's employment with the Company
is referred to herein as the "Employment Term").

3. Other Activities. Subject to the terms and conditions of the Executive
Invention, Non-Disclosure, Non-Competition and Nonsolicitation Agreement
attached hereto as Exhibit B, Executive may serve on corporate, civic,
charitable boards or committees, fulfill speaking engagements, teach at
educational institutions or manage personal investments; provided that such
activities do not individually or in the aggregate interfere or conflict with
the performance of his duties or obligations under this Agreement.

4. Performance. During the Employment Term, Executive shall use his business
judgment, skill and knowledge for the advancement of the Company's interests and
to discharge his duties and responsibilities hereunder. Executive shall perform
and discharge, faithfully, diligently and

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to the best of his ability, his duties and responsibilities hereunder. Subject
to Section 3 hereof, Executive shall devote substantially all of his working
time and efforts to the business and affairs of the Company.

5. Compensation and Benefits.

     5.1. Base Salary. As consideration for Executive's services performed
during the Employment Term, the Company agrees to pay Executive a base salary of
$290,000 per year (the "Base Salary") payable in accordance with the normal
payroll practices of the Company for its executives and subject to federal and
state tax withholding. The Base Salary shall be reviewed annually by the
compensation committee of the Board of Directors (the "Compensation Committee")
and adjusted as determined by the Compensation Committee (the Base Salary as
adjusted from time to time shall be referred to as the "Current Base Salary").

     5.2. Annual Management Bonus. During the Employment Term, Executive shall
be eligible to receive cash bonuses each year from the Company determined by the
Chief Executive Officer of the Company (the "Chief Executive Officer") and the
Compensation Committee (the "Annual Management Bonus"). The Annual Management
Bonus shall be payable based upon performance criteria to be agreed upon by
Executive and the Chief Executive Officer and approved by the Compensation
Committee. The Annual Management Bonus may range from 0% to 150% of 70% of
Current Base Salary and shall be reviewed at least annually by the Compensation
Committee. Any such Annual Management Bonuses paid to Executive shall be in
addition to the Current Base Salary.

     5.3. Option Grants/Restricted Stock. Subject to the approval of the
Compensation Committee, the Company will grant Executive an option to purchase
15,000 shares of Company common stock (the "Common Stock"), effective as of the
Effective Date (the "Grant"). The Grant shall be exercisable at a price equal to
the closing price of the Common Stock on the Nasdaq National Market on the date
the Grant is approved by the Compensation Committee. The Grant shall be subject
to the terms and conditions set forth in the governing option agreement,
provided that the shares subject to the Grant shall vest at a rate of at least
6.25% on the last day of each three month period following the date of the
Grant. On the Effective Date, the Company shall issue Executive 7,500 shares of
restricted stock (the "Restricted Stock") that will vest as follows: 25% of the
shares shall vest after each of the first two years following the share
issuance, and the remaining 50% of the shares shall vest on the third year
following the share issuance, in each case subject to the terms and conditions
as set forth in the governing restricted stock agreement.

     5.4. Benefits. During the first year of the Employment Term, unless
otherwise agreed in writing between the parties hereto, Executive shall be
eligible to participate in the Helix Technology benefit plans currently in
effect. Subsequently, Executive will be eligible for participation in and shall
receive all medical benefits and benefits available under the then Brooks
Automation, Inc. 401(k) Plan, the Company's welfare benefit plans, practices,
policies and programs (including disability, salary continuance, group life,
accidental death and travel accident insurance plans and programs) normally
available to other senior executives.

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     5.5. Business Expenses. Executive shall be entitled to receive prompt
reimbursement during the Employment Term for all reasonable employment-related
expenses incurred or paid by him in the performance of his services, subject to
reasonable substantiation and documentation.

     5.6. Relocation. Executive shall be eligible to receive reimbursement of
relocation expenses of up to $100,000 (plus gross-up for associated state and
federal taxes) in connection with moving his personal residence to the
Chelmsford, Massachusetts area, all in accordance with the Company's current
relocation policy.

     5.7. Corporate Opportunities. During the Employment Term, Executive agrees
that he will first present to the Chief Executive Officer, or the Board of
Directors, for acceptance or rejection on behalf of the Company, any opportunity
to create or invest in any company which is or will be involved in providing or
furnishing equipment, systems, components, products, software or services to
customers in industries that the Company serves (including, without limitation,
the semiconductor and flat panel display industries) which comes to his
attention and in which he, or any affiliate, might desire to participate. If the
Board of Directors, or the Chief Executive Officer, rejects the same or fails to
act thereon in a reasonable time, Executive shall be free to invest in,
participate or present such opportunity to any other person or entity, subject
to the other terms of this Agreement.

6. Termination Events.

     6.1. Death/Long-Term Disability. This Agreement shall terminate and any and
all rights and obligations of the Company and Executive hereunder shall cease
and be completely void except as specifically set forth in this Agreement, upon
the death or Long-Term Disability (as defined below) of Executive.

          6.1.1. Lons-Term Disability. For purposes of this Agreement,
"LONG-TERM DISABILITY" shall mean any disability of Executive that prevents
Executive from devoting to the business of the Company his best efforts, skill
and attention, for a period of 180 consecutive days.

     6.2. Termination by the Company. At the election of the Company, this
Agreement shall terminate and any and all rights and obligations of the Company
and Executive hereunder shall cease and be completely void except as
specifically set forth in this Agreement, upon the earliest to occur of the
following: (i) the termination of Executive by the Company with Cause (as
defined below) under this Agreement and delivery of written notice in accordance
with Sections 6, 7 and 13 or (ii) the termination of Executive by the Company
without Cause upon delivery of written notice in accordance with Sections 6, 7
and 13.

          6.2.1. Cause. For purposes of this Agreement, "CAUSE" shall include,
without limitation, the occurrence of any of the following events during the
Employment Term:

          (i) Executive's conviction of, or the entry of a plea of guilty or
          nolo contendere to any misdemeanor involving moral turpitude or any
          felony;

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          (ii) fraud, embezzlement, or similar act of dishonesty, unauthorized
          disclosure, attempted disclosure, use or attempted use of confidential
          information; acts prejudicial to the interest or reputation of the
          Company; or falsification, concealment or distortion of management
          information;

          (iii) material misrepresentation in connection with the Executive's
          application for employment with the Company;

          (iv) conduct by the Executive constituting an act of moral turpitude,
          or of physical violence while on duty;

          (v) the Executive's willful failure or refusal to perform the duties
          on behalf of the Company which are consistent with the scope and
          nature of the Executive's responsibilities, or otherwise to comply
          with a lawful directive or policy of the Company, including without
          limitation, the Company's Standards of Conduct as then in effect as
          published on the Company's internal website;

          (vi) any act of gross negligence, gross corporate waste or disloyalty
          by the Executive to the Company or the commission of any intentional
          tort by the Executive against the Company; or

          (vii) material breach of this Agreement or the agreements referenced
          herein by the Executive.

     6.3. Termination by Executive. At the election of the Executive, this
Agreement shall terminate and any and all rights and obligations of the Company
or Executive hereunder shall cease and be completely void except as specifically
set forth in this Agreement, upon the earliest to occur of the following: (i)
the Executive's resignation for Good Reason (as defined below); provided that
Executive shall have first provided the Company with written notice in
accordance with Section 13 of the occurrence of such action he believes
constitutes Good Reason and the Company shall have failed to remedy such action
within thirty (30) days of its receipt of such notice; or (ii) the Executive's
resignation without Good Reason upon delivery of written notice in accordance
with Section 13.

          6.3.1. Good Reason. For purposes of this Agreement, "Good Reason"
shall mean, without Executive's express written consent, the occurrence of any
one or more of the following events:

          (i) a material breach of this Agreement by the Company;

          (ii) the failure to elect or re-elect the Executive as a senior
          officer of the company, or a diminution of the Executive's
          responsibilities and authority described in Section 1 resulting in
          responsibilities and authority in any material respect inconsistent
          with the responsibilities and authority of a senior officer of the
          Company provided, however, that the parties may agree in writing to a
          waiver of this right by the Executive;

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          (iii) a material reduction of the Current Base Salary or of any
          benefit enjoyed by the Executive unless all senior executives suffer a
          substantially similar reduction or failure;

          (iv) the relocation of the Executive's office to a location more than
          60 miles from Mansfield, Massachusetts or such other location as may
          become the Executive's primary residence following a relocation
          conducted pursuant to Section 5.6 hereof; or

          (v) the failure of the Company to obtain the assumption in writing of
          its obligation to perform this Agreement by any successor to all or
          substantially all of the assets of the Company within 15 days after a
          merger, consolidation, sale of assets or similar transaction.

     6.4. Termination Date. The term "Termination Date" shall mean if the
Executive's services are terminated (A) by his death, then the date of his
death, or (B) by his Long-Term Disability, then the 180th day of such
disability, or (C) for any other reason, then the date on which such termination
is to be effective pursuant to the notice of termination to be given by the
party terminating the employment relationship.

7. Effect of Termination.

     7.1. Termination for Death or Disability. It is expressly acknowledged and
agreed that if Executive's employment shall be terminated due to Executive's
death or Long-Term Disability, all of the obligations under Sections 1 through 5
of the Company and Executive shall cease except that the Company shall pay, or
provide the following benefits, to Executive or his heirs, executors or
administrators as applicable, without further recourse or liability to the
Company:

          (i)  an amount equal to the unpaid portion of Executive's Current Base
               Salary earned through the Termination Date;

          (ii) an amount equal to the prorata Annual Management Bonus for the
               completed portion of the current annual pay period where the
               total Annual Management Bonus is determined in accordance with
               Section 5.2; and

          (iii) an amount equal to the value of Executive's vacation accrued as
               of the Termination Date.

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     7.2. Termination by the Company.

          7.2.1. Termination by the Company for Cause. It is expressly
acknowledged and agreed that if Executive is terminated by the Company for
Cause, all of the obligations under Sections 1 through 5 of the Company and
Executive shall cease except that the Company shall pay immediately after the
Termination Date the following amounts to the Executive without further recourse
or liability to the Company:

          (i)  an amount equal to the sum of Executive's Current Base Salary
               earned through the Termination Date; and

          (ii) an amount equal to the value of Executive's vacation accrued as
               of the Termination Date.

          7.2.2. Termination By the Company Without Cause. It is expressly
acknowledged and agreed that if Executive's employment shall be terminated by
Company for any reason, except as set forth in Sections 6.1, and 6.2(i), then
all of the obligations under Sections 1 through 5 of the Company and Executive
shall cease except that the Company shall pay, or provide the following
benefits, to Executive without further recourse or liability to the Company:

          (i)  an amount equal to the unpaid portion of Executive's Current Base
               Salary earned through the Termination Date;

          (ii) an amount equal to the prorata Annual Management Bonus for the
               completed portion of the current annual pay period where the
               total Annual Management Bonus is determined in accordance with
               Section 5.2;

          (iii) an amount equal to the value of Executive's vacation accrued as
               of the Termination Date;

          (iv) one (1) year's Current Base Salary as severance in pay
               continuation. Payment of this severance will be made in bi-weekly
               payments for one (1) year (the "Initial Salary Continuation
               Period");

          (v)  during the Initial Salary Continuation Period as it may be
               extended pursuant to subsection (vi) below (together, the "Total
               Salary Continuation Period"), Executive will continue to be
               eligible for medical, dental and vision plans in which Executive
               was a participant at the Termination Date. The Company will
               continue to pay the employer portion of the costs of these plans
               during the Total Salary Continuation Period;

          (vi) if the Executive has not found a full time comparable executive
               position with another employer during the Initial Salary
               Continuation Period, the Company will extend the bi-weekly
               payment plan on a month to month basis until the earlier to occur
               of (A) one (1) additional year (26 additional bi-weekly payments)
               or (B) the date Executive secures full-time

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               employment, in each case subject only to the Executive's
               obligation to inform the Company's Human Resources Department
               that Executive's search for replacement employment is ongoing and
               continuing in good faith. Said Notice from Executive shall be
               made on the 15th of the month commencing with the last month of
               the Initial Salary Continuation Period and monthly thereafter as
               applicable. Notice shall be made in accordance with Section 13 of
               this Agreement. Executive's rights under the Total Salary
               Continuation Period shall be offset by income earned from
               consulting fees with the Company, by short term and/or sporadic
               consulting fees earned from any other business entity or by
               income received for part time employment with another business
               entity; and

          (vii) any and all payment by the Company under this Agreement are and
               shall be specifically conditioned upon full compliance by the
               Executive with all elements of the Executive Invention,
               Nondisclosure, Noncompetition and Nonsolicitation Agreement
               (attached as Exhibit B) and the other applicable provisions of
               this Agreement.

     7.3. Termination by Executive

          7.3.1. Termination by Executive Without Good Reason. It is expressly
acknowledged and agreed that if Executive resigns without Good Reason, then all
of the obligations under Sections 1 through 5 of the Company and Executive shall
cease except that the Company shall pay, or provide the following benefits, to
Executive without further recourse or liability to the Company:

          (i)  an amount equal to the unpaid portion of Executive's Current Base
               Salary earned through the Termination Date; and

          (ii) an amount equal to the value of Executive's accrued vacation pay.

          7.3.2. Termination by Executive For Good Reason. It is expressly
acknowledged and agreed that if Executive's employment shall be terminated
because the Executive resigns for Good Reason, then all of the obligations under
Sections 1 through 5 of the Company and Executive shall cease except that the
Company shall pay, or provide the following benefits, to Executive without
further recourse or liability to the Company:

          (i)  an amount equal to the unpaid portion of Executive's Current Base
               Salary earned through the Termination Date;

          (ii) an amount equal to the prorata Annual Management Bonus for the
               completed portion of the current annual pay period where the
               total Annual Management Bonus is determined in accordance with
               Section 5.2;

          (iii) an amount equal to the value of Executive's vacation pay accrued
               as of the Termination Date;

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          (iv) one (1) year's Current Base Salary as severance in pay
               continuation. Payment will be made in bi-weekly payments during
               the Initial Salary Continuation Period;

          (v)  during the Total Salary Continuation Period, Executive will
               continue to be eligible for medical, dental and vision plans in
               which the Executive was a participant at the Termination Date.
               The Company will continue to pay the employer portion of the
               costs of these plans during the Total Salary Continuation Period;

          (vi) if the Executive has not found full time comparable executive
               position with another employer during the Initial Salary
               Continuation Period, the Company will extend the bi-weekly
               payment plan on a month to month basis until the earlier to occur
               of (A) one (1) additional year (26 additional bi-weekly payments)
               or (B) the date Executive secures full-time employment, subject
               only to the Executive's obligation to inform the Company's Human
               Resources Department that Executive's search for replacement
               employment is ongoing and continuing in good faith. Said Notice
               from Executive shall be made on the 15th of the month commencing
               with the last month of the Initial Salary Continuation Period and
               monthly thereafter as applicable. Notice shall be made in
               accordance with Section 13 of this Agreement. Executive's rights
               under the Total Salary Continuation Period shall not be offset by
               income earned from consulting fees with the Company, by short
               term and/or sporadic consulting fees earned from any other
               business entity or by income received for part time employment
               with another business entity; and

          (vii) any and all payment by the Company under this Agreement are and
               shall be specifically conditioned upon full compliance by the
               Executive with all elements of the Executive Invention,
               Nondisclosure, Noncompetition and Nonsolicitation Agreement
               (attached as Exhibit B) and the other applicable provisions of
               this Agreement.

     7.4. 280G. In the event that the Executive shall become entitled to payment
and/or benefits provided by this Agreement or any other amounts in the "nature
of compensation" (whether pursuant to the terms of this Agreement or any other
plan, arrangement or agreement with the Company, any person whose actions result
in a change of ownership or effective control covered by Section 280G(b)(2) of
the Code or any person affiliated with the Company or such person) as a result
of such change in ownership or effective control (collectively the "Company
Payments"), and such Company Payments would be subject to the tax imposed by
Section 4999 of the Code (together with any similar tax that may hereafter be
imposed by any taxing authority, the "Excise Tax") the Executive shall be solely
responsible for the payment in full of any such Excise Tax and the Company shall
withhold any federal or state taxes as required by applicable law.

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8. Noncompetition Agreement. The Executive shall execute the Executive
Invention, Non-Disclosure, Non-Competition and Nonsolicitation Agreement
attached as Exhibit B to this Agreement.

9. Assignment. Neither the Company nor Executive may make any assignment of this
Agreement or any interest herein, by operation of law or otherwise, without the
prior written consent of the other party; provided, however, that the Company
may assign its rights and obligations under this Agreement without the consent
of Executive if the Company shall hereafter effect a reorganization, consolidate
with, or merge with or into any other entity or transfer all or substantially
all of its properties or assets to any other person or entity. This Agreement
shall be binding upon and inure to the benefit of the Company, Executive and
their respective successors, executors, administrators, heirs and permitted
assigns.

10. Indemnification. The Executive shall execute the Indemnification Agreement
attached as Exhibit A to this Agreement.

11. Waiver. The waiver by any party hereto of a breach of any provision of this
Agreement by any other party will not operate or be construed as a waiver of any
other or subsequent breach by such other party.

12. Severability. The parties agree that each provision contained in this
Agreement shall be treated as a separate and independent clause, and the
unenforceability of any one clause shall in no way impair the enforceability of
any of the other clauses herein. Moreover, if one or more of the provisions
contained in this Agreement shall for any reason be held to be excessively broad
as to scope, activity or subject, such provisions shall be construed by the
appropriate judicial body by limiting and reducing it or them, so as to be
enforceable to the extent compatible with the applicable law.

13. Notices. Any notice or other communication in connection with this Agreement
shall be deemed to be delivered if in writing, addressed as provided below and
actually delivered at said address:

     If to Executive, to him at the following address:

          Robert E. Anastasi
          125 Martingale Drive
          Warwick, RI 02886

     If to the Company, to it at the following address:

          Brooks Automation, Inc.
          15 Elizabeth Drive
          Chelmsford, MA 01824
          Attn: General Counsel

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     or to such other person or address as to which either party may notify the
other in accordance with this Section 13.

14. Applicable Law. This Agreement shall be interpreted and construed in
accordance with the laws of the Commonwealth of Massachusetts.

15. Remedies. Executive acknowledges that a breach of any of the promises or
agreements contained herein could result in irreparable and continuing damage to
the Company for which there may be no adequate remedy at law, and the Company
shall be entitled to seek injunctive relief and/or a decree for specific
performance, and such other relief as maybe proper (including monetary damages
if appropriate).

16. Integration. This Agreement, the Executive Invention, Non-Disclosure,
Non-Competition and Nonsolicitation Agreement attached as Exhibit B hereto, the
Indemnification Agreement attached as Exhibit A hereto, unless otherwise
provided herein, form the entire agreement between the parties hereto with
respect to the subject matter contained in this Agreement and shall supersede,
upon the commencement of employment with the Company as set forth in Paragraph
1, all prior agreements, oral discussions, promises and representations
regarding employment, compensation, severance or other payments contingent upon
termination of employment, whether in writing or otherwise.

17. Absence of Conflicting Obligations. Executive represents that he is not
bound by any agreement or any other existing or previous business relationship
which conflicts with or prevents the full performance of his duties and
responsibilities under this Agreement. Executive further represents that his
obligations under or in consideration with this Agreement do not breach and will
not breach any agreement to keep in confidence proprietary information,
knowledge or data acquired by him.

18. Taxes. Any payments provided for hereunder shall be paid net of any
applicable tax withholding required under federal, state or local law.
Notwithstanding anything herein to the contrary, the Company shall accelerate
the timing of any amounts payable to the Employee pursuant to Section 7
hereunder if and as necessary to prevent such amounts from being deemed
"deferred compensation" pursuant to the American Jobs Creation Act of 2004 (or
the rules and regulation promulgated thereunder).

19. Survival. Notwithstanding any provisions of this Agreement to the contrary,
the obligations of Executive and the Company pursuant to Sections 6 through 20
hereof shall each survive termination of this Agreement.

20. Effect of Headings. Any title of a section heading contained herein is for
convenience of reference only, and shall not affect the meaning of construction
or any of the provisions hereof.

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     IN WITNESS WHEREOF, the parties hereto have hereunto set their hands, as of
the date first above written.

                                        /s/ Robert E. Anastasi
                                        ----------------------------------------
                                        Robert E. Anastasi

                                        BROOKS AUTOMATION, INC

                                        By: /s/ Thomas S. Grilk
                                            ------------------------------------
                                            Thomas s. Grilk
                                            Senior Vice President, General
                                            Counsel and Secretary

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                                                                   EXHIBIT 10.15

                             BROOKS AUTOMATION, INC.

                        1995 EMPLOYEE STOCK PURCHASE PLAN
                       (As amended through July 31, 2006)

1. PURPOSE

     The Brooks Automation, Inc. 1995 Employee Stock Purchase Plan (the "Plan")
is intended to provide a method whereby employees of Brooks Automation, Inc.
(the "Company") will have an opportunity to acquire a proprietary interest in
the Company through the purchase of shares of the Company's $.01 par value
common stock (the "Common Stock"). It is the intention of the Company to have
the Plan qualify as an "employee stock purchase plan" under Section 423 of the
Internal Revenue Code of 1986, as amended (the "Code"). The provisions of the
Plan shall, accordingly, be construed so as to extend and limit participation in
a manner consistent with the requirements of that Section of the Code.

2. ELIGIBLE EMPLOYEES

     (a) All employees of the Company or any of its participating subsidiaries
shall be eligible to receive options under this Plan to purchase the Company's
Common Stock. In no event may an employee be granted an option if such employee,
immediately after the option is granted, owns stock possessing five (5%) percent
or more of the total combined voting power or value of all classes of stock of
the Company or of its parent corporation or subsidiary corporation as the terms
"parent corporation" and "subsidiary corporation" are defined in Section 424(e)
and (f) of the Code. For purposes of determining stock ownership under this
paragraph, the rules of Section 424(d) of the Code shall apply and stock which
the employee may purchase under outstanding options shall be treated as stock
owned by the employee.

     (b) For the purpose of this Plan, the term employee shall not include an
employee whose customary employment is for not more than twenty (20) hours per
week or is for not more than five (5) months in any calendar year.

3. STOCK SUBJECT TO THE PLAN

     The stock subject to the options granted hereunder shall be shares of the
Company's authorized but unissued Common Stock or shares of Common Stock
reacquired by the Company, including shares purchased in the open market. The
aggregate number of shares which may be issued pursuant to the Plan is
3,000,000, subject to increase or decrease by reason of stock split-ups,
reclassifications, stock dividends, changes in par value and the like. If the
number of shares of Common Stock reserved and available for any Offering Period
(as defined herein) is insufficient to satisfy all purchase requirements for
that Offering Period, the reserved and available shares for that Offering Period
shall be apportioned among participating employees in proportion to their
options.

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4. OFFERING PERIODS AND STOCK OPTIONS

     (a) The time periods during which payroll deductions will be accumulated
under the Plan shall consist of six month periods ("Offering Periods"),
commencing on the first day of each Offering Period ("Offering Commencement
Date") and ending on the last day of the Offering Period ("Offering Termination
Date"). The Offering Periods for the 2003 calendar year shall consist of (i) an
Offering Commencement Date of January 1 and an Offering Termination Date of June
30, and (ii) an Offering Commencement Date of July 1 that shall comprise a seven
month period ending on the Offering Termination Date, January 31, 2004.
Thereafter, each calendar year shall have two six-month Offering Periods, the
first with an Offering Commencement Date of February 1 and an Offering
Termination Date of July 31, and the second with an Offering Commencement Date
of August 1 and Offering Termination Date of January 31. Notwithstanding the
foregoing, the Offering Period beginning on February 1, 2006 shall have an
Offering Termination Date of August 16, 2006 (rather than July 31, 2006), and
the subsequent Offering Period shall have an Offering Commencement Date of
August 17, 2006 (rather than August 1, 2006) and an Offering Termination Date of
January 31, 2007. Each Offering Period includes only regular pay days falling
within it.

     (b) On each Offering Commencement Date, the Company will grant to each
eligible employee who is then a participant in the Plan an option to purchase on
the Offering Termination Date at the Option Exercise Price, as provided in this
paragraph (b), that number of full shares of Common Stock reserved for the
purpose of the Plan as his or her accumulated payroll deductions on the Offering
Termination Date (including any amount carried forward pursuant to Article 8
hereof) will pay for at the Option Exercise Price; provided that such employee
remains eligible to participate in the Plan throughout such Offering Period. The
Option Exercise Price for each Offering Period shall be the lesser of (i)
eighty-five percent (85%) of the fair market value of the Common Stock on the
Offering Commencement Date, or (ii) eighty-five percent (85%) of the fair market
value of the Common Stock on the Offering Termination Date. In the event of an
increase or decrease in the number of outstanding shares of Common Stock through
stock split-ups, reclassifications, stock dividends, changes in par value and
the like, an appropriate adjustment shall be made in the number of shares and
Option Exercise Price per share provided for under the Plan, either by a
proportionate increase in the number of shares and proportionate decrease in the
Option Exercise Price per share, or by a proportionate decrease in the number of
shares and a proportionate increase in the Option Exercise Price per share, as
may be required to enable an eligible employee who is then a participant in the
Plan to acquire on the Offering Termination Date that number of full shares of
Common Stock as his or her accumulated payroll deductions on such date will pay
for at the Option Exercise Price, as so adjusted.

     (c) For purposes of this Plan, the term "fair market value" on any date
means, if the Common Stock is listed on a national securities exchange or on the
Nasdaq National Market, the average of the high and low sales prices of the
Common Stock on such date on such exchange or as reported on the Nasdaq National
Market or, if the Common Stock is traded in the over-the-counter securities
market, but not on the Nasdaq National Market, the average of the high and low
bid quotations for the Common Stock on such date, each as published by The
Nasdaq National Market. If no shares of Common Stock are traded on the Offering
Commencement Date or Offering Termination Date, the fair market value will be
determined by taking the

<PAGE>

average of the fair market values on the immediately preceding and the next
following business days on which shares of Common Stock are traded.

     (d) For purposes of this Plan the term "business day" as used herein means
a day on which there is trading on the Nasdaq National Market or on a national
securities exchange on which the Common Stock is listed.

     (e) No employee shall be granted an option which permits his or her rights
to purchase Common Stock under the Plan and any similar plans of the Company or
any parent or participating subsidiary corporations to accrue at a rate which
exceeds $25,000 of fair market value of such stock (determined at the time such
option is granted) for each calendar year in which such option is outstanding at
any time. The purpose of the limitation in the preceding sentence is to comply
with and shall be construed in accordance with Section 423(b)(8) of the Code.

5. EXERCISE OF OPTION

     Each eligible employee who continues to be a participant in the Plan on the
Offering Termination Date shall be deemed to have exercised his or her option on
such date and shall be deemed to have purchased from the Company such number of
full shares of Common Stock reserved for the purpose of the Plan as his or her
accumulated payroll deductions on such date, plus any amount carried forward
pursuant to Article 8 hereof, will pay for at the Option Exercise Price, but in
no event may an employee purchase shares of Common Stock in excess of 1,500
shares of Common Stock on any Offering Termination Date. If a participant is not
an employee on the Offering Termination Date and throughout an Offering Period,
he or she shall not be entitled to exercise his or her option. All options
issued under the Plan shall, unless exercised as set forth herein, expire at the
end of the Offering Termination Date with respect to the Offering Period during
which such options were issued.

6. AUTHORIZATION FOR ENTERING PLAN

     (a) An eligible employee may enter the Plan by filling out, signing and
delivering to the Chief Financial Officer of the Company or his or her designee
an authorization ("Authorization"):

     (i)  stating the amount to be deducted regularly from his or her pay;

     (ii) authorizing the purchase of stock for him or her in each Offering
          Period in accordance with the terms of the Plan; and

     (iii) specifying the exact name in which Common Stock purchased for him or
          her is to be issued in accordance with Article 11 hereof.

Such Authorization must be received by the Chief Financial Officer of the
Company or his or her designee at least ten (10) business days before an
Offering Commencement Date.

<PAGE>

     (b) The Company will accumulate and hold for the employee's account the
amounts deducted from his or her pay. No interest will be paid thereon.
Participating employees may not make any separate cash payments into their
account.

     (c) Unless an employee files a new Authorization or withdraws from the
Plan, his or her deductions and purchases under the Authorization he or she has
on file under the Plan will continue as long as the Plan remains in effect. An
employee may increase or decrease the amount of his or her payroll deductions as
of the next Offering Commencement Date by filling out, signing and delivering to
the Chief Financial Officer of the Company or his or her designee a new
Authorization. Such new Authorization must be received by the Chief Financial
Officer of the Company or his or her designee at least ten (10) business days
before the date of such next Offering Commencement Date.

7. ALLOWABLE PAYROLL DEDUCTIONS

     Effective July, 1, 2002, an employee may authorize payroll deductions in
any whole percentage amount up to but not more than ten percent (10%) of his or
her base pay; provided, however, that the minimum deduction in respect of any
payroll period shall be one percent (1%) of his or her base pay but in no event
less than five dollars ($5); and provided further that the maximum percentage
shall be reduced to meet the requirements of Section 4(e) hereof. Base pay means
regular straight-time earnings and, if applicable, commissions, but excluding
payments for overtime, bonuses, and other special payments.

8. UNUSED PAYROLL DEDUCTIONS

     Only full shares of Common Stock may be purchased. Any balance remaining in
an employee's account after a purchase will be reported to the employee and will
be carried forward to the next Offering Period. However, in no event will the
amount of the unused payroll deductions carried forward from a payroll period
exceed the Option Exercise Price per share for the immediately preceding
Offering Period. If for any Offering Period the amount of unused payroll
deductions should exceed the Option Exercise Price per share, the amount of the
excess for any participant shall be refunded to such participant, without
interest.

9. CHANGE IN PAYROLL DEDUCTIONS

     Deductions may not be increased or decreased during an Offering Period.

10. WITHDRAWAL FROM THE PLAN

     (a) An employee may withdraw from the Plan and withdraw all but not less
than all of the payroll deductions credited to his or her account under the Plan
by delivering a written notice to the Chief Financial Officer of the Company or
his or her designee ("Withdrawal Notice") no later than the Offering Termination
Date (subject to such administrative procedures as the Company may reasonably
impose), in which event the Company will promptly refund without interest the
entire balance of such employee's deductions not theretofore used to purchase
Common Stock under the Plan.

<PAGE>

     (b) If an employee withdraws from the Plan, the employee's rights under the
Plan will be terminated and no further payroll deductions will be made. To
reenter, such an employee must file a new Authorization at least ten (10)
business days before the next Offering Commencement Date. Such Authorization
will become effective for the Offering Period that commences on such Offering
Commencement Date.

11. ISSUANCE OF STOCK

     Upon written request, certificates for Common Stock will be issued and
delivered to participants and uncertificated shares of Common Stock issued to or
for the account of participants will be delivered, in either case as soon as
practicable after each Offering Period. Common Stock purchased under the Plan
will be issued only in the name of, or for the account of, the employee.

12. NO TRANSFER OR ASSIGNMENT OF EMPLOYEE'S RIGHTS

     An employee's rights under the Plan are his or hers alone and may not be
transferred or assigned to, or availed of by, any other person. Any option
granted to an employee may be exercised only by him or her, except as provided
in Article 13 in the event of an employee's death.

13. TERMINATION OF EMPLOYEE'S RIGHTS

     (a) Except as set forth in the last paragraph of this Article 13, an
employee's rights under the Plan will terminate when he or she ceases to be an
employee because of retirement, resignation, lay-off, discharge, death, change
of status, failure to remain in the customary employ of the Company for greater
than twenty (20) hours per week, or for any other reason. A Withdrawal Notice
will be considered as having been received from the employee on the day his or
her employment ceases, and all payroll deductions not used to purchase Common
Stock will be refunded.

     (b) If an employee's payroll deductions are interrupted by any legal
process, a Withdrawal Notice will be considered as having been received from him
or her on the day the interruption occurs.

     (c) Upon termination of the participating employee's employment because of
death, the executor or administrator of the estate of the employee shall have
the right to elect, by written notice given to the Chief Financial Officer of
the Company or his or her designee prior to the earlier to occur of the 30th day
following the date of the death of the employee or the next Offering Termination
Date, either (i) to withdraw, without interest, all of the payroll deductions
credited to the employee's account under the Plan, or (ii) to exercise the
employee's option for the purchase of shares of Common Stock on the next
Offering Termination Date following the date of the employee's death for the
purchase of that number of full shares of Common Stock reserved for the purpose
of the Plan which the accumulated payroll deductions in the employee's account
at the date of the employee's death will purchase at the applicable Option
Exercise Price

<PAGE>

(subject to the maximum number set forth in Article 5), and any excess in such
account will be returned to said executor or administrator. In the event that no
such written notice of election shall be timely received by the Chief Financial
Officer of the Company or his or her designee, the executor or administrator
shall automatically be deemed to have elected to withdraw the payroll deductions
credited to the employee's account at the date of the employee's death and the
same will be paid promptly to said executor or administrator, without interest.

14. DEATH OF PARTICIPANT

     In the event of the death of a participating employee, the Company shall
deliver such Common Stock and/or cash to the executor or administrator of the
estate of the employee, or if, to the knowledge of the Company, no such executor
or administrator has been appointed, the Company, in the discretion of the
Committee, may deliver such Common Stock and/or cash to the spouse or to any one
or more dependents of the employee as the Committee may designate.

15. TERMINATION AND AMENDMENTS TO PLAN

     (a) The Plan may be terminated at any time by the Company's Board of
Directors, effective on the next following Offering Termination Date.
Notwithstanding the foregoing, it will terminate when all of the shares of
Common Stock reserved for the purposes of the Plan have been purchased. Upon
such termination or any other termination of the Plan, all payroll deductions
not used to purchase Common Stock will be refunded without interest.

     (b) The Board of Directors reserves the right to amend the Plan from time
to time in any respect; provided, however, that no amendment shall be effective
without stockholder approval if the amendment would (a) except as provided in
Articles 3, 4, 24 and 25, increase the aggregate number of shares of Common
Stock to be offered under the Plan, or (b) change the class of employees
eligible to receive options under the Plan.

16. LIMITATIONS OF SALE OF STOCK PURCHASED UNDER THE PLAN

     Employees who are subject to Section 16 of the Securities Exchange Act of
1934, as amended, may sell Common Stock purchased under the Plan at any time
provided that such sale qualifies for an exemption from Section 16(b) under Rule
16b-3, or otherwise does not give rise to Section 16(b) liability.
Notwithstanding the foregoing, because of certain Federal tax requirements, all
employees will agree by entering the Plan, promptly to give the Company notice
of any such Common Stock disposed of within two years after the Offering
Commencement Date on which the related option was granted showing the number of
such shares disposed of. The employee assumes the risk of any market
fluctuations in the price of such Common Stock.

17. COMPANY'S PAYMENT OF EXPENSES RELATED TO PLAN

     The Company will bear all costs of administering and carrying out the Plan.

18. PARTICIPATING SUBSIDIARIES

<PAGE>

     The term "participating subsidiaries" shall mean any subsidiary of the
Company which is designated by the Committee (as defined in Article 19) to
participate in the Plan. The Committee shall have the power to make such
designation before or after the Plan is approved by the stockholders.

19. ADMINISTRATION OF THE PLAN

     (a) The Plan shall be administered by the Compensation Committee of the
Company's Board of Directors or such other committee designated by the Company's
Board of directors (the "Committee").

     (b) The interpretation and construction by the Committee of any provisions
of the Plan or of any option granted under it shall be final. The Committee may
from time to time adopt such rules and regulations for carrying out the Plan as
it may deem best. With respect to persons subject to Section 16 of the
Securities and Exchange Act of 1934, as amended, transactions under the Plan are
intended to comply with all applicable conditions of Rule 16b-3 or its
successors under said Act. To the extent any provision of the Plan or action by
the Committee fails to so comply, it shall be deemed null and void, to the
extent permitted by law and deemed advisable by that Committee.

     (c) Annually, the Committee shall prepare and distribute to each
participating employee in the Plan a report containing the amount of the
participating employee's accumulated payroll deductions as of the Offering
Termination Date, the Option Exercise Price for such Offering Period, the number
of shares of Common Stock purchased by the participating employee with the
participating employee's accumulated payroll deductions, and the amount of any
unused payroll deductions either to be carried forward to the next Offering
Period, or returned to the participating employee without interest.

     (d) No member of the Board of Directors or the Committee shall be liable
for any action or determination made in good faith with respect to the Plan or
any option granted under it. The Company shall indemnify each member of the
Board of Directors and the Committee to the fullest extent permitted by law with
respect to any claim, loss, damage or expense (including counsel fees) arising
in connection with their responsibilities under this Plan.

20. OPTIONEES NOT STOCKHOLDERS

     Neither the granting of an option to an employee nor the deductions from
his or her pay shall constitute such employee a stockholder of the Company with
respect to the shares covered by such option until such shares have been
purchased by and issued to him or her.

21. APPLICATION OF FUNDS

     The proceeds received by the Company from the sale of Common Stock pursuant
to options granted under the Plan may be used for any corporate purposes, and
the Company shall not be obligated to segregate participating employees' payroll
deductions.

<PAGE>

22. GOVERNMENTAL REGULATION

     (a) The Company's obligation to sell and deliver shares of the Company's
Common Stock under this Plan is subject to the approval of any governmental
authority required in connection with the authorization, issuance or sale of
such stock.

     (b) In this regard, the Board of Directors may, in its discretion, require
as a condition to the exercise of any option that a Registration Statement under
the Securities Act of 1933, as amended, with respect to the shares of Common
Stock reserved for issuance upon exercise of the option shall be effective.

23. TRANSFERABILITY

     Neither payroll deductions credited to an employee's account nor any rights
with regard to the exercise of an option or to receive stock under the Plan may
be assigned, transferred, pledged, or otherwise disposed of in any way by the
employee. Any such attempted assignment, transfer, pledge, or other disposition
shall be without effect, except that the Company may treat such act as an
election to withdraw funds in accordance with Article 10.

24. EFFECT OF CHANGES OF COMMON STOCK

     If the Company should subdivide or reclassify the Common Stock which has
been or may be optioned under the Plan, or should declare thereon any dividend
payable in shares of such Common Stock, or should take any other action of a
similar nature affecting such Common Stock, then the number and class of shares
of Common Stock which may thereafter be optioned (in the aggregate and to any
individual participating employee) shall be adjusted accordingly.

25. MERGER OR CONSOLIDATION

     If the Company should at any time merge into or consolidate with another
corporation, the Board of Directors may, at its election, either (i) terminate
the Plan and refund without interest the entire balance of each participating
employee's payroll deductions, or (ii) entitle each participating employee to
receive on the Offering Termination Date upon the exercise of such option for
each share of Common Stock as to which such option shall be exercised the
securities or property to which a holder of one share of the Common Stock was
entitled upon and at the time of such merger or consolidation, and the Board of
Directors shall take such steps in connection with such merger or consolidation
as the Board of Directors shall deem necessary to assure that the provisions of
this Article 25 shall thereafter be applicable, as nearly as reasonably
possible. A sale of all or substantially all of the assets of the Company shall
be deemed a merger or consolidation for the foregoing purposes.

26. WITHHOLDING OF ADDITIONAL FEDERAL INCOME TAX

     The Company will undertake such withholding in connection with the Plan as
it determines is appropriate, in its sole discretion.

<PAGE>

27. EQUAL TREATMENT

     Notwithstanding any provision herein to the contrary, all Participants
participating in any Offering Period shall have equal rights and privileges
except as provided in Section 423(b)(5) of the Code.

28. APPROVAL OF STOCKHOLDERS

     The Plan shall not take effect until approved by the holders of a majority
of the outstanding shares of Common Stock of the Company, which approval must
occur no later than the end of the first Offering Period after the date the Plan
is adopted by the Board of Directors. Options may be granted under the Plan
prior and subject to such stockholder approval. If the Plan is not so approved
by the stockholders, all payroll deductions from participating employees shall
be returned without interest and all options so granted shall terminate.

Dates of Approval by the Board of Directors or Compensation Committee: November
1, 1995, December 10, 1997, January 6, 2000, December 13, 2001, September 13,
2002, February 26, 2003, February 25, 2004, January 25, 2006 and July 31, 2006.

Dates of Approval by the Stockholders: February 22, 1996, February 26, 1998,
February 24, 2000, May 13, 2002, April 27, 2004 and March 7, 2006.

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