Document:

exv10w2

    Exhibit 10.02

    Execution
    Copy

 

    AMENDMENT
    NO. 1

 

    TO

 

    TERM LOAN
    CREDIT AGREEMENT

 

    This AMENDMENT NO. 1 to TERM LOAN CREDIT AGREEMENT (the
    “Amendment”), dated as of March 30, 2009,
    is entered into by and among Woodward Governor Company (the
    “Company”), the financial institutions party to
    the below-defined Credit Agreement (the
    “Lenders”), and JPMorgan Chase Bank, National
    Association, as Administrative Agent (the
    “Agent”). Each capitalized term used herein and
    not otherwise defined herein shall have the meaning given to it
    in the below-defined Credit Agreement.

 

    WITNESSETH

 

    WHEREAS, the Company, the Lenders, and the Agent are parties to
    a Term Loan Credit Agreement dated as of October 1, 2008
    (as the same has been amended and modified and as the same may
    be amended, restated, supplemented or otherwise modified from
    time to time, the “Credit Agreement”);

 

    WHEREAS, the Company has requested that the Lenders and the
    Agent amend the Credit Agreement in certain respects; and

 

    WHEREAS, the Lenders and the Agent are willing to amend certain
    provisions of the Credit Agreement on the terms and conditions
    set forth herein;

 

    NOW, THEREFORE, in consideration of the premises set forth
    above, the terms and conditions contained herein, and other good
    and valuable consideration, the receipt and sufficiency of which
    are hereby acknowledged, the parties hereto hereby agree as
    follows:

 

    1. Amendments to Credit
    Agreement.  Effective as of the date first
    above written, and subject to the satisfaction of the conditions
    to effectiveness set forth in Section 2 below, the
    Credit Agreement is hereby amended as follows:

 

    (a) Section 6.8 of the Credit Agreement is hereby
    amended in its entirety as follows:

 

    6.8 Subsidiaries. As of March 30, 2009,
    Schedule 6.8 to this Agreement (i) contains a
    description of the corporate structure of the Company, its
    Subsidiaries and any other Person in which the Company or any of
    its Subsidiaries holds a material Equity Interest; and
    (ii) accurately sets forth (A) the correct legal name
    and the jurisdiction of organization, (B) a listing of all
    of the Company’s Significant Subsidiaries, (C) the
    issued and outstanding shares of each class of Capital Stock of
    each of the Company’s Subsidiaries and the owners of such
    shares, and (D) a summary of the direct and indirect
    partnership, joint venture, or other material Equity Interests,
    if any, which the Company and each Subsidiary of the Company
    holds in any Person that is not a corporation. Except as
    disclosed on Schedule 6.8, as of March 30,
    2009, there are no warrants or options outstanding with respect
    to the issued and outstanding Capital Stock of the Company or
    any of the Company’s Subsidiaries. Except as disclosed on
    Schedule 6.8, as of March 30, 2009, none of the issued
    and outstanding Capital Stock of the Company or any of the
    Company’s Subsidiaries is subject to any redemption right
    or repurchase agreement pursuant to which the Company or any
    Subsidiary is or may become obligated to redeem or repurchase
    its Capital Stock. All outstanding Capital Stock of each of the
    Company’s Subsidiaries is duly authorized, validly issued,
    fully paid and nonassessable and is not Margin Stock.

 

    (b) Section 7.3(F) of the Credit Agreement is hereby
    amended to insert immediately at the end thereof the following:

 

    In addition to the foregoing, the Company shall not permit any
    of its issued and outstanding Capital Stock or any of its
    Subsidiaries’ issued and outstanding Capital Stock to be
    subject to any redemption right or repurchase agreement pursuant
    to which the Company or any Subsidiary is or may become
    obligated to redeem or repurchase its Capital Stock, other than
    those agreements identified in Schedule 6.8.

 

    (c) Schedule 6.8 of the Credit Agreement is hereby
    amended in its entirety pursuant to the Schedule 6.8
    attached hereto.

 

    2. Conditions of
    Effectiveness.  This Amendment shall become
    effective and be deemed effective as of the date hereof, if, and
    only if, the Agent shall have received (i) executed copies
    of this Amendment from the Company and the Required Lenders and
    (ii) fully executed and effective copies of amendments to
    the Revolving Credit Facility, in form and substance
    satisfactory to the Agent, memorializing and corresponding with
    the foregoing.

 

    3. Representations and Warranties of the
    Company.  The Company hereby represents and
    warrants as follows:

 

    (a) The Credit Agreement as previously executed and as
    amended and modified hereby constitutes the legal, valid and
    binding obligation of the Company and is enforceable against the
    Company in accordance with its terms (except as enforceability
    may be limited by bankruptcy, insolvency, or similar laws
    affecting the enforcement of creditors’ rights generally
    and general equitable principles).

 

    (b) Upon the effectiveness of this Amendment (i) no
    Default or Unmatured Default has occurred and is continuing
    under the terms of the Credit Agreement, (ii) the Company hereby
    reaffirms its obligations and liabilities under the Credit
    Agreement (as amended hereby) and the other Loan Documents and
    (iii) all representations and warranties in the Credit
    Agreement are true and correct in all material respects as of
    the date hereof, other than those which expressly speak to an
    earlier date (in which case, the Company represents and warrants
    that such representations and warranties were true and correct
    in all material respects as of such earlier date).

 

    4. Effect on the Credit Agreement.

 

    (a) Upon the effectiveness of this Amendment, on and after
    the date hereof, each reference in the Credit Agreement to
    “this Agreement,” “hereunder,”
    “hereof,” “herein” or words of like import
    shall mean and be a reference to the Credit Agreement, as
    amended and modified hereby.

 

    (b) Except as specifically amended and modified above, the
    Credit Agreement and all other documents, instruments and
    agreements executed
    and/or
    delivered in connection therewith shall remain in full force and
    effect, and are hereby ratified and confirmed.

 

    (c) The execution, delivery and effectiveness of this
    Amendment shall neither operate as a waiver of any right, power
    or remedy of the Lenders or the Agent, nor constitute a waiver
    of any provision of the Credit Agreement or any other documents,
    instruments and agreements executed
    and/or
    delivered in connection therewith.

 

    5. Costs and Expenses.  The Company
    agrees to pay all reasonable costs, fees and out-of-pocket
    expenses (including attorneys’ fees and expenses charged to
    the Agent) incurred by the Agent in connection with the
    preparation, arrangement and execution of this Amendment and of
    the Agent and the Lenders in connection with the enforcement of
    this Amendment.

 

    6. Governing Law.  This Amendment
    shall be governed by and construed in accordance with the
    internal laws (including 735 ILCS Section 105/5-1 et seq.
    but otherwise without regards to the conflicts of laws
    provisions) of the State of Illinois.

    

    2

 

    7. Headings.  Section headings in
    this Amendment are included herein for convenience of reference
    only and shall not constitute a part of this Amendment for any
    other purpose.

 

    8. Counterparts.  This Amendment
    may be executed by one or more of the parties to the Amendment
    on any number of separate counterparts and all of said
    counterparts taken together shall be deemed to constitute one
    and the same instrument. A facsimile copy of any signature
    hereto shall have the same effect as the original of such
    signature.

 

    9. No Strict Construction.  The
    parties hereto have participated jointly in the negotiation and
    drafting of this Amendment. In the event an ambiguity or
    question of intent or interpretation arises, this Amendment
    shall be construed as if drafted jointly by the parties hereto
    and no presumption or burden of proof shall arise favoring or
    disfavoring any party by virtue of the authorship of any
    provisions of this Amendment.

 

    The
    remainder of this page is intentionally blank.
    

    

    3

 

    Execution
    Copy

 

    IN WITNESS WHEREOF, this Amendment has been duly executed as of
    the day and year first above written.

 

    WOODWARD GOVERNOR COMPANY

 

			
	 	    By: 
	
    /s/  Robert
    F. Weber, Jr.

    Name:     Robert F. Weber, Jr.

			
	 	    Title: 
	
    Chief Financial Officer and Treasurer

 

    JPMORGAN CHASE BANK, NATIONAL

    ASSOCIATION, as Administrative Agent and as a Lender

 

			
	 	    By: 
	
    /s/  Randall
    Taylor

    Name:     Randall Taylor

			
	 	    Title: 
	
    SVP

 

    WELLS FARGO BANK, N.A., as a Lender

 

			
	 	    By: 
	
    /s/  Michael
    Bleecher

    Name:     Michael Bleecher

			
	 	    Title: 
	
    Relationship Manager

 

    DEUTSCHE BANK AG NEW YORK BRANCH, 

    as a Lender

 

			
	 	    By: 
	
    /s/  Heidi
    Sandquist

    Name:     Heidi Sandquist

			
	 	    Title: 
	
    Director

 

			
	 	    By: 
	
    /s/  Ming
    K. Chu

    Name:     Ming K. Chu

			
	 	    Title: 
	
    Vice President

 

    THE NORTHERN TRUST COMPANY, as a Lender

 

			
	 	    By: 
	
    /s/  Cliff
    Hoppe

    Name:     Cliff Hoppe

			
	 	    Title: 
	
    Second Vice President

 

    U.S. BANK, NATIONAL ASSOCIATION, as a Lender

 

			
	 	    By: 
	
    /s/  Blake
    Malia

    Name:     Blake Malia

			
	 	    Title: 
	
    Assistant Vice President

 

    RBS CITIZENS NA, as a Lender

 

			
	 	    By: 
	
    /s/  Oliver
    J. Glenn

    Name:     Oliver J. Glenn

			
	 	    Title: 
	
    Senior Vice President

 

    FIFTH THIRD BANK, as a Lender

 

			
	 	    By: 
	
    /s/  Neil
    G. Mesch

    Name:     Neil G. Mesch

			
	 	    Title: 
	
    Vice President

 

    THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., as a Lender

 

			
	 	    By: 
	
    /s/  Victor
    Pierzchalski

    Name:     Victor Pierzchalski

			
	 	    Title: 
	
    Authorized Signatory

 

    HSBC BANK USA, NATIONAL ASSOCIATION,

    as a Lender

 

			
	 	    By: 
	
    /s/  Leslie
    T. Chang

    Name:     Leslie T. Chang

			
	 	    Title: 
	
    Vice President

 

    SCHEDULE 6.8

    [Intentionally
    Removed]exv4w4

 

    EXHIBIT 4.4

 

    Celanese
    Corporation

    2009 Global Incentive Plan

 

		
	
    1.  
	
    Purpose

 

    The purpose of the Celanese Corporation 2009 Global Incentive
    Plan (the “Plan”) is to advance the interests of
    Celanese Corporation (the “Company”) by enabling the
    Company and its subsidiaries to attract, retain and motivate
    employees and consultants of the Company by providing for or
    increasing the proprietary interests of such individuals in the
    Company, and by enabling the Company to attract, retain and
    motivate its nonemployee directors and further align their
    interests with those of the stockholders of the Company by
    providing for or increasing the proprietary interests of such
    directors in the Company. The Plan supersedes the Company’s
    existing 2004 Stock Incentive Plan (the “2004 Plan”)
    with respect to future awards, and provides for the grant of
    Incentive and Nonqualified Stock Options, Stock Appreciation
    Rights, Restricted Stock and Restricted Stock Units, any of
    which may be performance-based, and for Incentive Bonuses, which
    may be paid in cash or stock or a combination thereof, as
    determined by the Committee. On and after the Effective Date, no
    further grants shall be made under the Prior Plan, which plan
    shall remain in effect solely as to outstanding awards
    thereunder.

 

		
	
    2.  
	
    Definitions

 

    As used in the Plan, the following terms shall have the meanings
    set forth below:

 

    (a) “Award” means an Incentive Stock Option,
    Nonqualified Stock Option, Stock Appreciation Right, Restricted
    Stock, Restricted Stock Unit or Incentive Bonus granted to a
    Participant pursuant to the provisions of the Plan, any of which
    the Committee may structure to qualify in whole or in part as a
    Performance Award.

 

    (b) “Award Agreement” means a written agreement
    or other instrument as may be approved from time to time by the
    Committee implementing the grant of each Award. An Award
    Agreement may be in the form of an agreement to be executed by
    both the Participant and the Company (or an authorized
    representative of the Company) or certificates, notices or
    similar instruments as approved by the Committee.

 

    (c) “Board” means the board of directors of the
    Company.

 

    (d) “Code” means the Internal Revenue Code of
    1986, as amended from time to time, and the rulings and
    regulations issued thereunder.

 

    (e) “Committee” means the Committee delegated the
    authority to administer the Plan in accordance with
    Section 17.

 

    (f) “Common Share” means a share of the
    Company’s Series A common stock, subject to adjustment
    as provided in Section 12.

 

    (g) “Company” means Celanese Corporation, a
    Delaware corporation.

 

    (h) “Fair Market Value” means, as of any given
    date, the average of the high and low sales price on such date
    during normal trading hours (or, if there are no reported sales
    on such date, on the last date prior to such date on which there
    were sales) of the Common Shares on the New York Stock Exchange
    Composite Tape or, if not listed on such exchange, on any other
    national securities exchange on which the Common Shares are
    listed, in any case, as reporting in such source as the
    Committee shall select. If there is no regular public trading
    market for such Common Shares, the Fair Market Value of the
    Common Shares shall be determined by the Committee in good faith
    and in compliance with Section 409A of the Code.

 

    (i) “Incentive Bonus” means a bonus opportunity
    awarded under Section 9 pursuant to which a Participant may
    become entitled to receive an amount based on satisfaction of
    such performance criteria as are specified by the Committee.

 

    (j) “Incentive Stock Option” means a stock option
    that is intended to qualify as an “incentive stock
    option” within the meaning of Section 422 of the Code.

    

    1

 

    (k) “Nonemployee Director” means each person who
    is, or is elected to be, a member of the Board and who is not an
    employee of the Company or any Subsidiary.

 

    (l) “Nonqualified Stock Option” means a stock
    option that is not intended to qualify as an “incentive
    stock option” within the meaning of Section 422 of the
    Code.

 

    (m) “Option” means an Incentive Stock Option
    and/or a
    Nonqualified Stock Option granted pursuant to Section 6 of
    the Plan.

 

    (n) “Participant” means any individual described
    in Section 3 to whom Awards have been granted from time to
    time by the Committee and any authorized transferee of such
    individual.

 

    (o) “Performance Award” means an Award, the
    grant, issuance, retention, vesting or settlement of which is
    subject to satisfaction of one or more performance criteria
    pursuant to Section 13.

 

    (p) “Plan” means the Celanese Corporation 2009
    Global Incentive Plan as set forth herein and as amended from
    time to time.

 

    (q) “Prior Plan” means the Celanese Corporation
    2004 Stock Incentive Plan.

 

    (r) “Qualifying Performance Criteria” has the
    meaning set forth in Section 13(b).

 

    (s) “Restricted Stock” means Common Shares
    granted pursuant to Section 8 of the Plan.

 

    (t) “Restricted Stock Unit” or “RSU”
    means an Award granted to a Participant pursuant to
    Section 8 pursuant to which Common Shares or cash in lieu
    thereof may be issued in the future.

 

    (u) “Stock Appreciation Right” or “SAR”
    means a right granted pursuant to Section 7 of the Plan
    that entitles the Participant to receive, in cash or Common
    Shares or a combination thereof, as determined by the Committee,
    value equal to or otherwise based on the excess of (i) the
    market price of a specified number of Common Shares at the time
    of exercise over (ii) the exercise price of the right, as
    established by the Committee on the date of grant.

 

    (v) “Subsidiary” means any corporation (other
    than the Company) in an unbroken chain of corporations beginning
    with the Company where each of the corporations in the unbroken
    chain other than the last corporation owns stock possessing at
    least 50 percent or more of the total combined voting power
    of all classes of stock in one of the other corporations in the
    chain, and if specifically determined by the Committee in the
    context other than with respect to Incentive Stock Options, may
    include an entity in which the Company has a significant
    ownership interest or that is directly or indirectly controlled
    by the Company.

 

    (w) “Substitute Awards” means Awards granted or
    Common Shares issued by the Company in assumption of, or in
    substitution or exchange for, awards previously granted, or the
    right or obligation to make future awards, by a corporation
    acquired by the Company or any Subsidiary or with which the
    Company or any Subsidiary combines.

 

		
	
    3.  
	
    Eligibility

 

    Any person who is an officer or employee of the Company or of
    any Subsidiary (including any director who is also an employee,
    in his or her capacity as such) and any Nonemployee Director
    shall be eligible for selection by the Committee for the grant
    of Awards hereunder. In addition, any service provider who has
    been retained to provide consulting, advisory or other services
    to the Company or to any Subsidiary shall be eligible for
    selection by the Committee for the grant of Awards hereunder.
    Options intending to qualify as Incentive Stock Options may only
    be granted to employees of the Company or any Subsidiary within
    the meaning of the Code, as selected by the Committee.

 

		
	
    4.  
	
    Effective
    Date and Termination of the Plan

 

    This Plan was adopted by the Board and became effective as of
    March 6, 2009 (the “Effective Date”), subject to
    approval by the Company’s stockholders. All Awards granted
    under this Plan are subject to, and may not be exercised before,
    the approval of this Plan by the stockholders prior to the first
    anniversary date of the effective date of the Plan by the
    affirmative vote of the holders of a majority of the outstanding
    Common Shares of the Company present, or represented by proxy,
    and entitled to vote, at a meeting of the Company’s
    stockholders or by written

    

    2

 

    consent in accordance with the laws of the State of Delaware;
    provided that, if such approval by the stockholders of the
    Company is not forthcoming, all Awards previously granted under
    this Plan shall be void. The Plan shall remain available for the
    grant of Awards until the tenth (10th) anniversary of the
    Effective Date. Notwithstanding the foregoing, the Plan may be
    terminated at such earlier time as the Board may determine.
    Termination of the Plan will not affect the rights and
    obligations of the Participants and the Company arising under
    Awards theretofore granted and then in effect.

 

		
	
    5.  
	
    Common
    Shares Subject to the Plan and to Awards

 

    (a) Aggregate Limits.  The aggregate
    number of Common Shares issuable pursuant to all Awards under
    this Plan shall not exceed 5,350,000, plus (i) any Common
    Shares that were authorized for issuance under the Prior Plan
    that, as of the Effective Date, remain available for issuance
    under the Prior Plan (not including any Common Shares that are
    subject to outstanding awards under the Prior Plan or any Common
    Shares that were issued pursuant to awards granted under the
    Prior Plan) and (ii) any Common Shares subject to
    outstanding awards under the Prior Plan that on or after the
    Effective Date cease for any reason to be subject to such awards
    (other than by reason of exercise or settlement of the awards to
    the extent they are exercised for or settled in vested and
    non-forfeitable shares). The aggregate number of Common Shares
    available for grant under this Plan and the number of Common
    Shares subject to outstanding Awards shall be subject to
    adjustment as provided in Section 12. The Common Shares
    issued pursuant to Awards granted under this Plan may be shares
    that are authorized and unissued or shares that were reacquired
    by the Company, including shares purchased in the open market.

 

    (b) Share Counting.  For purposes of this
    Section 5, with respect to Options or SARs, the number of
    Shares available for Awards under the Plan shall be reduced by
    one Share for each Share covered by such Award or to which such
    Award relates. With respect to any Awards that are granted on or
    after the Effective Date, other than Options or SARs, the number
    of Shares available for Awards under the Plan shall be reduced
    by 1.59 Shares for each Share covered by such Award or to
    which such Award relates.

 

    (c) Issuance of Common Shares.  For
    purposes of this Section 5, the aggregate number of Common
    Shares available for Awards under this Plan at any time shall
    not be reduced by (i) shares subject to Awards that have
    been terminated, expired unexercised, forfeited or settled in
    cash, and (ii) shares subject to Awards that otherwise do
    not result in the issuance of Common Shares in connection with
    payment or settlement of an Award.

 

    (d) Tax Code Limits.  The aggregate number
    of Common Shares subject to Awards granted under this Plan
    during any calendar year to any one Participant shall not exceed
    1,000,000, which number shall be calculated and adjusted
    pursuant to Section 12 only to the extent that such
    calculation or adjustment will not affect the status of any
    Award intended to qualify as “performance based
    compensation” under Section 162(m) of the Code but
    which number shall not count any tandem SARs (as defined in
    Section 7). The aggregate number of Common Shares that may
    be issued pursuant to the exercise of Incentive Stock Options
    granted under this Plan shall not exceed 5,350,000, which number
    shall be calculated and adjusted pursuant to Section 12
    only to the extent that such calculation or adjustment will not
    affect the status of any option intended to qualify as an
    Incentive Stock Option under Section 422 of the Code. The
    maximum cash amount payable pursuant to that portion of an
    Incentive Bonus granted in any calendar year to any Participant
    under this Plan that is intended to satisfy the requirements for
    “performance-based compensation” under
    Section 162(m) of the Code shall not exceed $20,000,000.

 

    (e) Substitute Awards.  Substitute Awards
    shall not reduce the Common Shares authorized for issuance under
    the Plan or authorized for grant to a Participant in any
    calendar year. Additionally, in the event that a corporation
    acquired by the Company or any Subsidiary, or with which the
    Company or any Subsidiary combines, has shares available under a
    pre-existing plan approved by stockholders and not adopted in
    contemplation of such acquisition or combination, the shares
    available for grant pursuant to the terms of such pre-existing
    plan (as adjusted, to the extent appropriate, using the exchange
    ratio or other adjustment or valuation ratio or formula used in
    such acquisition or combination to determine the consideration
    payable to the holders of common stock of the entities party to
    such acquisition or combination) may be used for Awards under
    the Plan and shall not reduce the Common Shares authorized for
    issuance under the Plan; provided that Awards using such
    available shares shall not be made after the date awards or
    grants could have been made under the terms of the pre-existing
    plan, absent the acquisition

    

    3

 

    or combination, and shall only be made to individuals who were
    not employees, directors or consultants of the Company or its
    Subsidiaries immediately before such acquisition or combination.

 

    6. Options

 

    (a) Option Awards.  Options may be granted
    to Participants at any time and from time to time prior to the
    termination of the Plan as determined by the Committee. No
    Participant shall have any rights as a stockholder with respect
    to any Common Shares subject to Option hereunder until said
    Common Shares have been issued. Each Option shall be evidenced
    by an Award Agreement. Options granted pursuant to the Plan need
    not be identical but each Option must contain and be subject to
    the terms and conditions set forth below.

 

    (b) Price.  The Committee shall establish
    the exercise price per Common Share under each Option, which in
    no event will be less than the Fair Market Value of the Common
    Shares on the date of grant; provided, however, that the
    exercise price per Common Share with respect to an Option that
    is granted in connection with a merger or other acquisition as a
    substitute or replacement award for options held by optionees of
    the acquired entity may be less than 100% of the market price of
    the Common Shares on the date such Option is granted if such
    exercise price is based on a formula set forth in the terms of
    the options held by such optionees or in the terms of the
    agreement providing for such merger or other acquisition. The
    exercise price of any Option may be paid in Common Shares, cash
    or a combination thereof, as determined by the Committee,
    including an irrevocable commitment by a broker to pay over such
    amount from a sale of the Common Shares issuable under an
    Option, the delivery of previously owned Common Shares and
    withholding of Common Shares deliverable upon exercise, or by
    any other method approved by the Committee.

 

    (c) No Repricing.  Other than in
    connection with a change in the Company’s capitalization
    (as described in Section 12) the exercise price of an
    Option may not be reduced without stockholder approval
    (including canceling previously awarded Options and
    (i) re-granting them with a lower exercise price or
    (ii) replacing them with other Awards).

 

    (d) Provisions Applicable to Options.  The
    date on which Options become exercisable shall be determined at
    the sole discretion of the Committee and set forth in an Award
    Agreement. Unless provided otherwise in the applicable Award
    Agreement, to the extent that the Committee determines that an
    approved leave of absence or employment on a less than full-time
    basis is not a termination of employment or other service, the
    vesting period
    and/or
    exercisability of an Option shall be adjusted by the Committee
    during or to reflect the effects of any period during which the
    Participant is on an approved leave of absence or is employed on
    a less than full-time basis.

 

    (e) Term of Options and Termination of
    Employment.  The Committee shall establish the
    term of each Option, which in no case shall exceed a period of
    seven (7) years from the date of grant. Unless an Option
    earlier expires upon the expiration date established pursuant to
    the foregoing sentence or upon the termination of the
    Participant’s employment or other service, his or her
    rights to exercise an Option then held shall be determined by
    the Committee and set forth in an Award Agreement.

 

    (f) Incentive Stock
    Options.  Notwithstanding anything to the contrary
    in this Section 6, in the case of the grant of an Option
    intending to qualify as an Incentive Stock Option: (i) if
    the Participant owns stock possessing more than 10 percent
    of the combined voting power of all classes of stock of the
    Company (a “10% Common Shareholder”), the exercise
    price of such Option must be at least 110 percent of the
    Fair Market Value of the Common Shares on the date of grant and
    the Option must expire within a period of not more than five
    (5) years from the date of grant, and (ii) termination
    of employment will occur when the person to whom an Award was
    granted ceases to be an employee (as determined in accordance
    with Section 3401(c) of the Code and the regulations promulgated
    thereunder) of the Company and its Subsidiaries. Notwithstanding
    anything in this Section 6 to the contrary, options
    designated as Incentive Stock Options shall not be eligible for
    treatment under the Code as Incentive Stock Options (and will be
    deemed to be Nonqualified Stock Options) to the extent that
    either (a) the aggregate Fair Market Value of Common Shares
    (determined as of the time of grant) with respect to which such
    Options are exercisable for the first time by the Participant
    during any calendar year (under all plans of the Company and any
    Subsidiary) exceeds $100,000, taking Options into account in the
    order in which they were granted, or (b) such Options
    otherwise remain exercisable but are not exercised within three
    (3) months of termination of employment (or such other
    period of time provided in Section 422 of the Code).

    

    4

 

		
	
    7.  
	
    Stock
    Appreciation Rights

 

    Stock Appreciation Rights may be granted to Participants from
    time to time either in tandem with or as a component of other
    Awards granted under the Plan (“tandem SARs”) or not
    in conjunction with other Awards (“freestanding SARs”)
    and may, but need not, relate to a specific Option granted under
    Section 6. The provisions of Stock Appreciation Rights need
    not be the same with respect to each grant or each recipient.
    Any Stock Appreciation Right granted in tandem with an Award may
    be granted at the same time such Award is granted or at any time
    thereafter before exercise or expiration of such Award. All
    freestanding SARs shall be granted subject to the same terms and
    conditions applicable to Options as set forth in Section 6
    and all tandem SARs shall have the same exercise price, vesting,
    exercisability, forfeiture and termination provisions as the
    Award to which they relate. Subject to the provisions of
    Section 6 and the immediately preceding sentence, the
    Committee may impose such other conditions or restrictions on
    any Stock Appreciation Right as it shall deem appropriate. Stock
    Appreciation Rights may be settled in Common Shares, cash or a
    combination thereof, as determined by the Committee and set
    forth in the applicable Award Agreement. Other than in
    connection with a change in the Company’s capitalization
    (as described in Section 12), the exercise price of Stock
    Appreciation Rights may not be reduced without stockholder
    approval (including canceling previously awarded Stock
    Appreciation Rights and (i) re-granting them with a lower
    exercise price or (ii) replacing them with other Awards).

 

		
	
    8.  
	
    Restricted
    Stock and Restricted Stock Units

 

    (a) Restricted Stock and Restricted Stock Unit
    Awards.  Restricted Stock and Restricted Stock
    Units may be granted at any time and from time to time prior to
    the termination of the Plan to Participants as determined by the
    Committee. Restricted Stock is an award or issuance of Common
    Shares the grant, issuance, retention, vesting
    and/or
    transferability of which is subject during specified periods of
    time to such conditions (including continued employment/service
    or performance conditions) and terms as the Committee deems
    appropriate. Restricted Stock Units are Awards denominated in
    units of Common Shares under which the issuance of Common Shares
    is subject to such conditions (including continued
    employment/service or performance conditions) and terms as the
    Committee deems appropriate. Each grant of Restricted Stock and
    Restricted Stock Units shall be evidenced by an Award Agreement.
    Unless determined otherwise by the Committee, each Restricted
    Stock Unit will be equal to one Common Share and will entitle a
    Participant to either the issuance of Common Shares or payment
    of an amount of cash determined with reference to the value of
    Common Shares. To the extent determined by the Committee,
    Restricted Stock and Restricted Stock Units may be satisfied or
    settled in Common Shares, cash or a combination thereof.
    Restricted Stock and Restricted Stock Units granted pursuant to
    the Plan need not be identical but each grant of Restricted
    Stock and Restricted Stock Units must contain and be subject to
    the terms and conditions set forth below.

 

    (b) Contents of Agreement.  Each Award
    Agreement shall contain provisions regarding (i) the number
    of Common Shares or Restricted Stock Units subject to such Award
    or a formula for determining such number, (ii) the purchase
    price of the Common Shares, if any, and the means of payment,
    (iii) the performance criteria, if any, and level of
    achievement versus these criteria that shall determine the
    number of Common Shares or Restricted Stock Units granted,
    issued, retainable
    and/or
    vested, (iv) such terms and conditions on the grant,
    issuance, vesting
    and/or
    forfeiture of the Common Shares or Restricted Stock Units as may
    be determined from time to time by the Committee, (v) the
    term of the performance period, if any, as to which performance
    will be measured for determining the number of such Common
    Shares or Restricted Stock Units, and (vi) restrictions on
    the transferability of the Common Shares or Restricted Stock
    Units. Common Shares issued under a Restricted Stock Award may
    be issued in the name of the Participant and held by the
    Participant or held by the Company, in each case as the
    Committee may provide.

 

    (c) Vesting and Performance Criteria.  The
    grant, issuance, retention, vesting
    and/or
    settlement of shares of Restricted Stock and Restricted Stock
    Units will occur when and in such installments as the Committee
    determines or under criteria the Committee establishes, which
    may include Qualifying Performance Criteria. Notwithstanding
    anything in this Plan to the contrary, the performance criteria
    for any Restricted Stock or Restricted Stock Unit that is
    intended to satisfy the requirements for “performance-based
    compensation” under Section 162(m) of the Code will be
    a measure based on one or more Qualifying Performance Criteria
    selected by the Committee and specified when the Award is
    granted. However, for Restricted Stock and Restricted Stock
    Units granted to Participants other

    

    5

 

    than Nonemployee Directors, except in the event of a change of
    control of the Company or the death or disability of the
    Participant, Restricted Stock and Restricted Stock Units shall
    vest no more quickly than over (i) one (1) year
    following the date of grant to the extent such vesting is
    subject to the satisfaction of performance criteria, or
    (ii) three (3) years following the date of grant to
    the extent subject only to time-based vesting criteria.

 

    (d) Discretionary Adjustments and
    Limits.  Subject to the limits imposed under
    Section 162(m) of the Code for Awards that are intended to
    qualify as “performance-based compensation,”
    notwithstanding the satisfaction of any performance goals, the
    number of Common Shares granted, issued, retainable
    and/or
    vested under an Award of Restricted Stock or Restricted Stock
    Units on account of either financial performance or personal
    performance evaluations may, to the extent specified in the
    Award Agreement, be reduced by the Committee on the basis of
    such further considerations as the Committee shall determine.

 

    (e) Voting Rights.  Unless otherwise
    determined by the Committee, Participants holding shares of
    Restricted Stock granted hereunder may exercise full voting
    rights with respect to those shares during the period of
    restriction. Participants shall have no voting rights with
    respect to Common Shares underlying Restricted Stock Units
    unless and until such Common Shares are reflected as issued and
    outstanding shares on the Company’s stock ledger.

 

    (f) Dividends and
    Distributions.  Participants in whose name
    Restricted Stock is granted shall be entitled to receive all
    dividends and other distributions paid with respect to those
    Common Shares, unless determined otherwise by the Committee. The
    Committee will determine whether any such dividends or
    distributions will be automatically reinvested in additional
    shares of Restricted Stock and subject to the same restrictions
    on transferability as the Restricted Stock with respect to which
    they were distributed or whether such dividends or distributions
    will be paid in cash.

 

		
	
    9.  
	
    Incentive
    Bonuses

 

    (a) General.  Each Incentive Bonus Award
    will confer upon the Participant the opportunity to earn a
    future payment tied to the level of achievement with respect to
    one or more performance criteria established for a performance
    period of not less than one (1) year.

 

    (b) Funding.  In order to preserve the tax
    deductibility of amounts paid to the Company’s named
    executive officers, the Committee shall determine the maximum
    funding for Incentive Bonus Awards to such named executive
    officers based on a percentage of Operating EBITDA. For the
    purpose of annual bonus awards, the maximum bonus pool available
    for named executive officers shall be 5% percent of Operating
    EBITDA. Within this funding limit, annual bonus awards earned by
    named executive officers shall be determined based on the
    attainment of established objectives. Such objectives may be
    qualitative or quantitative in nature. Further, no reduction in
    the annual bonus award for one named executive officer shall
    result in an increased bonus award to any other named executive
    officer or any other employee.

 

    (c) Individual Incentive
    Opportunities.  Each named executive officer shall
    be assigned a target Incentive Bonus Award expressed as a
    percentage of his or her base salary. No payout is earned if
    threshold performance is not achieved, with the actual payment
    based on achievement of performance criteria specified by the
    Committee, and a maximum actual payment for a Participant as
    determined pursuant to Section 9(b) above.

 

    (d) Incentive Bonus Document.  The terms
    of any Incentive Bonus may be set forth in an Award Agreement.
    Each Award Agreement evidencing an Incentive Bonus shall contain
    provisions regarding (i) the target and maximum amount
    payable to the Participant as an Incentive Bonus, (ii) the
    performance criteria and level of achievement versus these
    criteria that shall determine the amount of such payment,
    (iii) the term of the performance period as to which
    performance shall be measured for determining the amount of any
    payment, (iv) the timing of any payment earned by virtue of
    performance, (v) restrictions on the alienation or transfer
    of the Incentive Bonus prior to actual payment,
    (vi) forfeiture provisions and (vii) such further
    terms and conditions, in each case not inconsistent with this
    Plan, as may be determined from time to time by the Committee.

 

    (e) Performance Criteria.  The Committee
    shall establish the performance criteria and level of
    achievement versus these criteria that shall determine the
    target and maximum amount payable under an Incentive Bonus,
    which criteria may be based on financial performance
    and/or
    personal performance evaluations. The Committee may specify the
    percentage of the target Incentive Bonus that is intended to
    satisfy the requirements for “performance-

    

    6

 

    based compensation” under Section 162(m) of the Code.
    Notwithstanding anything to the contrary herein, the performance
    criteria for any portion of an Incentive Bonus that is intended
    by the Committee to satisfy the requirements for
    “performance-based compensation” under
    Section 162(m) of the Code shall be a measure based on one
    or more Qualifying Performance Criteria (as defined in
    Section 13(b)) selected by the Committee and specified at
    the time the Incentive Bonus is granted, or within the time
    prescribed by Section 162(m) and shall otherwise be in
    compliance with Section 162(m). The Committee shall certify
    the extent to which any Qualifying Performance Criteria has been
    satisfied and the amount payable as a result thereof, prior to
    payment of any Incentive Bonus that is intended to satisfy the
    requirements for “performance-based compensation”
    under Section 162(m) of the Code.

 

    (f) Timing and Form of Payment.  The
    Committee shall determine the timing and form of payment of any
    Incentive Bonus. Payment of the amount due under an Incentive
    Bonus may be made in cash or in Shares, as determined by the
    Committee. The Committee may provide for or, subject to such
    terms and conditions as the Committee may specify, may permit a
    Participant to elect for the payment of any Incentive Bonus to
    be deferred to a specified date or event.

 

    (g) Discretionary
    Adjustments.  Notwithstanding satisfaction of any
    performance goals, the amount paid under an Incentive Bonus on
    account of either financial performance or personal performance
    evaluations may, to the extent specified in the Award Agreement,
    be reduced, but not increased, by the Committee on the basis of
    such further considerations as the Committee shall determine.

 

		
	
    10.  
	
    Deferral
    of Gains

 

    The Committee may, in an Award Agreement or otherwise, provide
    for the deferred delivery of Shares upon settlement, vesting or
    other events with respect to Restricted Stock or Restricted
    Stock Units, or in payment or satisfaction of an Incentive
    Bonus. Notwithstanding anything herein to the contrary, in no
    event will any deferral of the delivery of Shares or any other
    payment with respect to any Award be allowed if the Committee
    determines, in its sole discretion, that the deferral would
    result in the imposition of the additional tax under
    Section 409A(a)(1)(B) of the Code. No award shall provide
    for deferral of compensation that does not comply with
    Section 409A of the Code unless the Board, at the time of
    grant, specifically provides that the Award is not intended to
    comply with Section 409A of the Code. The Company shall
    have no liability to a Participant or any other party if an
    Award that is intended to be exempt from, or compliant with,
    Section 409A is not so exempt or compliant or for any
    action taken by the Board.

 

		
	
    11.  
	
    Conditions
    and Restrictions Upon Securities Subject to Awards

 

    The Committee may provide that the Common Shares issued upon
    exercise of an Option or Stock Appreciation Right or otherwise
    subject to or issued under an Award shall be subject to such
    further agreements, restrictions, conditions or limitations as
    the Committee in its discretion may specify prior to the
    exercise of such Option or Stock Appreciation Right or the
    grant, vesting or settlement of such Award, including without
    limitation, conditions on vesting or transferability, forfeiture
    or repurchase provisions and method of payment for the Common
    Shares issued upon exercise, vesting or settlement of such Award
    (including the actual or constructive surrender of Common Shares
    already owned by the Participant) or payment of taxes arising in
    connection with an Award. Without limiting the foregoing, such
    restrictions may address the timing and manner of any resale by
    the Participant or other subsequent transfers by the Participant
    of any Common Shares issued under an Award, including without
    limitation (i) restrictions under an insider trading policy
    or pursuant to applicable law, (ii) restrictions designed
    to delay
    and/or
    coordinate the timing and manner of sales by the Participant and
    holders of other Company equity compensation arrangements,
    (iii) restrictions as to the use of a specified brokerage
    firm for such resale or other transfers, and
    (iv) provisions requiring Common Shares to be sold on the
    open market or to the Company in order to satisfy tax
    withholding or other obligations.

 

		
	
    12.  
	
    Adjustment
    of and Changes in the Stock

 

    The number and kind of Common Shares available for issuance
    under this Plan (including under any Awards then outstanding),
    and the number and kind of Common Shares subject to the limits
    set forth in Section 5 of this Plan, shall be equitably
    adjusted by the Committee to reflect any reorganization,
    reclassification, combination of

    

    7

 

    shares, stock split, reverse stock split, spin-off, dividend or
    distribution of securities, property or cash (other than
    regular, quarterly cash dividends), or any other event or
    transaction that affects the number or kind of Common Shares of
    the Company outstanding. Such adjustment may be designed to
    comply with Section 425 of the Code or, except as otherwise
    expressly provided in Section 5(c) of this Plan, may be
    designed to treat the Common Shares available under the Plan and
    subject to Awards as if they were all outstanding on the record
    date for such event or transaction or to increase the number of
    such Common Shares to reflect a deemed reinvestment in Common
    Shares of the amount distributed to the Company’s security
    holders. The terms of any outstanding Award shall also be
    equitably adjusted by the Committee as to price, number or kind
    of Common Shares subject to such Award, vesting and other terms
    to reflect the foregoing events, which adjustments need not be
    uniform as between different Awards or different types of Awards.

 

    In the event there shall be any other change in the number or
    kind of outstanding Common Shares, or any stock or other
    securities into which such Common Shares shall have been
    changed, or for which it shall have been exchanged, by reason of
    a change of control, other merger, consolidation or otherwise,
    then the Committee shall determine the appropriate and equitable
    adjustment to be effected. In addition, in the event of such
    change described in this paragraph, the Committee may accelerate
    the time or times at which any Award may be exercised and may
    provide for cancellation of such accelerated Awards that are not
    exercised within a time prescribed by the Committee in its sole
    discretion.

 

    No right to purchase fractional shares shall result from any
    adjustment in Awards pursuant to this Section 12. In case
    of any such adjustment, the Common Shares subject to the Award
    shall be rounded down to the nearest whole share. The Company
    shall notify Participants holding Awards subject to any
    adjustments pursuant to this Section 12 of such adjustment,
    but (whether or not notice is given) such adjustment shall be
    effective and binding for all purposes of the Plan.

 

		
	
    13.  
	
    Qualifying
    Performance-Based Compensation

 

    (a) General.  The Committee may establish
    performance criteria and the level of achievement versus such
    criteria that shall determine the number of Common Shares,
    units, or the amount of cash to be granted, retained, vested,
    issued or issuable under or in settlement of or the amount
    payable pursuant to an Award, which criteria may be based on
    Qualifying Performance Criteria or other standards of financial
    performance
    and/or
    personal performance evaluations. In addition, the Committee may
    specify that an Award or a portion of an Award is intended to
    satisfy the requirements for “performance-based
    compensation” under Section 162(m) of the Code,
    provided that the performance criteria for such Award or portion
    of an Award that is intended by the Committee to satisfy the
    requirements for “performance-based compensation”
    under Section 162(m) of the Code shall be a measure based
    on one or more Qualifying Performance Criteria selected by the
    Committee and specified at the time the Award is granted. The
    Committee shall certify the extent to which any Qualifying
    Performance Criteria have been satisfied and the amount payable
    as a result thereof, prior to payment, settlement or vesting of
    any Award that is intended to satisfy the requirements for
    “performance-based compensation” under
    Section 162(m) of the Code. Notwithstanding satisfaction of
    any performance goals, the number of Common Shares issued under
    or the amount paid under an award may, to the extent specified
    in the Award Agreement, be reduced by the Committee on the basis
    of such further considerations as the Committee in its sole
    discretion shall determine.

 

    (b) Qualifying Performance Criteria.  For
    purposes of this Plan, the term “Qualifying Performance
    Criteria” shall mean any one or more of the following
    performance criteria, either individually, alternatively or in
    any combination, applied to either the Company as a whole or to
    a business unit or Subsidiary, either individually,
    alternatively or in any combination, and measured either
    annually or cumulatively over a period of years, on an absolute
    basis or relative to a pre-established target, to previous
    years’ results or to a designated comparison group, in each
    case as specified by the Committee: (i) cash flow (before
    or after dividends), (ii) earnings or earnings per share
    (including earnings before interest, taxes, depreciation and
    amortization), (iii) stock price, (iv) return on
    equity, (v) total stockholder return, (vi) return on
    capital or investment (including return on total capital, return
    on invested capital, or return on investment), (vii) return
    on assets or net assets, (viii) market capitalization,
    (ix) economic value added, (x) debt leverage (debt to
    capital), (xi) revenue, (xii) income or net income,
    (xiii) operating income, (xiv) operating profit or net
    operating profit, (xv) operating margin or profit margin,
    (xvi) return on operating revenue, (xvii) cash from
    operations, (xviii) operating ratio, (xix) operating
    revenue,

    

    8

 

    (xx) bookings, (xxi) backlog, (xxii) customer
    service, (xxiii) trade working capital,
    and/or
    (xxiv) environmental, health
    and/or
    safety goals. To the extent consistent with Section 162(m)
    of the Code, the Committee (A) shall appropriately adjust
    any evaluation of performance under a Qualifying Performance
    Criteria to eliminate the effects of charges for restructurings,
    discontinued operations, extraordinary items and all items of
    gain, loss or expense determined to be extraordinary or unusual
    in nature or related to the acquisition or disposal of a segment
    of a business or related to a change in accounting principle all
    as determined in accordance with standards established by
    opinion No. 30 of the Accounting Principles Board (APA
    Opinion No. 30) or other applicable or successor
    accounting provisions, as well as the cumulative effect of
    accounting changes, in each case as determined in accordance
    with generally accepted accounting principles or identified in
    the Company’s financial statements or notes to the
    financial statements, and (B) may appropriately adjust any
    evaluation of performance under Qualifying Performance Criteria
    to exclude any of the following events that occurs during a
    performance period: (i) asset write-downs,
    (ii) litigation, claims, judgments or settlements,
    (iii) the effect of changes in tax law or other such laws
    or provisions affecting reported results and (iv) accruals
    for reorganization and restructuring programs.

 

		
	
    14.  
	
    Transferability

 

    Unless the Committee provides otherwise, each Award may not be
    sold, transferred, pledged, assigned, or otherwise alienated or
    hypothecated by a Participant other than by will or the laws of
    descent and distribution, and each Option or Stock Appreciation
    Right shall be exercisable only by the Participant during his or
    her lifetime; provided, however, that a Participant may transfer
    an Award for no consideration to the Participant’s
    “family members” as defined in
    Form S-8
    under the Securities Act of 1933. In no event shall Awards be
    transferable for value or consideration.

 

		
	
    15.  
	
    Compliance
    with Laws and Regulations

 

    This Plan, the grant, issuance, vesting, exercise and settlement
    of Awards hereunder, and the obligation of the Company to sell,
    issue or deliver Common Shares under such Awards, shall be
    subject to all applicable foreign, federal, state and local
    laws, rules and regulations, stock exchange rules and
    regulations, and to such approvals by any governmental or
    regulatory agency as may be required. The Company shall not be
    required to register in a Participant’s name or deliver any
    Common Shares prior to the completion of any registration or
    qualification of such shares under any foreign, federal, state
    or local law or any ruling or regulation of any government body
    which the Committee shall determine to be necessary or
    advisable. To the extent the Company is unable to or the
    Committee deems it infeasible to obtain authority from any
    regulatory body having jurisdiction, which authority is deemed
    by the Company’s counsel to be necessary to the lawful
    issuance and sale of any Common Shares hereunder, the Company
    and its Subsidiaries shall be relieved of any liability with
    respect to the failure to issue or sell such Common Shares as to
    which such requisite authority shall not have been obtained. No
    Option shall be exercisable and no Common Shares shall be issued
    and/or
    transferable under any other Award unless a registration
    statement with respect to the Common Shares underlying such
    Option is effective and current or the Company has determined
    that such registration is unnecessary.

 

		
	
    16.  
	
    Withholding

 

    To the extent required by applicable federal, state, local or
    foreign law, a Participant shall be required to satisfy, in a
    manner satisfactory to the Company, any withholding tax
    obligations that arise by reason of an Option exercise,
    disposition of Common Shares issued under an Incentive Stock
    Option, the vesting of or settlement of an Award, an election
    pursuant to Section 83(b) of the Code or otherwise with
    respect to an Award. The Company and its Subsidiaries shall not
    be required to issue Common Shares, make any payment or to
    recognize the transfer or disposition of Common Shares until
    such obligations are satisfied. The Committee may provide for or
    permit the minimum statutory withholding obligations to be
    satisfied through the mandatory or elective sale of Common
    Shares
    and/or by
    having the Company withhold a portion of the Common Shares that
    otherwise would be issued to a Participant upon exercise of the
    Option or the vesting or settlement of an Award, or by tendering
    Common Shares previously acquired. The Company shall also be
    authorized to deduct withholding taxes from a Participant’s
    other compensation or to make other arrangements to satisfy
    withholding tax obligations. The Company shall further be

    

    9

 

    authorized to deduct from any payment under an Award or from a
    Participant’s other compensation any tax or social
    insurance payment imposed on the Company or Subsidiary in
    connection with such Award.

 

		
	
    17.  
	
    Administration
    of the Plan

 

    (a) Administration by Committee.  The Plan
    shall be administered by the Compensation Committee of the Board
    or, in the absence of a Compensation Committee, or in the event
    the Compensation Committee is not properly constituted, by the
    Board itself. Any power of the Committee may also be exercised
    by the Board, except to the extent that the grant or exercise of
    such authority would cause any Award or transaction to become
    subject to (or lose an exemption under) the short-swing profit
    recovery provisions of Section 16 of the Securities
    Exchange Act of 1934 or cause an Award designated as a
    Performance Award not to qualify for treatment as
    performance-based compensation under Section 162(m) of the
    Code. To the extent that any permitted action taken by the Board
    conflicts with action taken by the Committee, the Board action
    shall control. The Committee may by resolution authorize one or
    more officers of the Company to perform any or all things that
    the Committee is authorized and empowered to do or perform under
    the Plan, and for all purposes under this Plan, such officer or
    officers shall be treated as the Committee; provided, however,
    that the resolution so authorizing such officer or officers
    shall specify the total number of Awards (if any) such officer
    or officers may award pursuant to such delegated authority, and
    any such Award shall be subject to the form of Award Agreement
    theretofore approved by the Committee; provided, further, that
    no such officer shall have the authority to grant Awards to
    Nonemployee Directors. No such officer shall designate himself
    or herself as a recipient of any Awards granted under authority
    delegated to such officer. In addition, the Committee may
    delegate any or all aspects of the day-to-day administration of
    the Plan to one or more officers or employees of the Company or
    any Subsidiary,
    and/or to
    one or more agents.

 

    (b) Powers of the Committee.  Subject to
    the express provisions of this Plan, the Committee shall be
    authorized and empowered to do all things that it determines to
    be necessary or appropriate in connection with the
    administration of this Plan, including, without limitation:
    (i) to prescribe, amend and rescind rules and regulations
    relating to this Plan and to define terms not otherwise defined
    herein; (ii) to determine which persons are Participants,
    to which of such Participants, if any, Awards shall be granted
    hereunder and the timing of any such Awards; (iii) to grant
    Awards to Participants and determine the terms and conditions
    thereof, including the number of Common Shares subject to Awards
    and the exercise or purchase price of such Common Shares and the
    circumstances under which Awards become exercisable or vested or
    are forfeited or expire, which terms may but need not be
    conditioned upon the passage of time, continued employment or
    other service, the satisfaction of performance criteria, the
    occurrence of certain events (including events which constitute
    a change of control), or other factors; (iv) to establish
    and verify the extent of satisfaction of any performance goals
    or other conditions applicable to the grant, issuance,
    exercisability, vesting
    and/or
    ability to retain any Award; (v) to prescribe and amend the
    terms of the agreements or other documents evidencing Awards
    made under this Plan (which need not be identical) and the terms
    of or form of any document or notice required to be delivered to
    the Company by Participants under this Plan; (vi) to
    determine the extent to which adjustments are required pursuant
    to Section 12; (vii) to interpret and construe this
    Plan, any rules and regulations under this Plan and the terms
    and conditions of any Award granted hereunder, and to make
    exceptions to any such provisions in good faith and for the
    benefit of the Company; and (viii) to make all other
    determinations deemed necessary or advisable for the
    administration of this Plan.

 

    (c) Determinations by the Committee.  All
    decisions, determinations and interpretations by the Committee
    regarding the Plan, any rules and regulations under the Plan and
    the terms and conditions of or operation of any Award granted
    hereunder, shall be final and binding on all Participants,
    beneficiaries, heirs, assigns or other persons holding or
    claiming rights under the Plan or any Award. The Committee shall
    consider such factors as it deems relevant, in its sole and
    absolute discretion, to making such decisions, determinations
    and interpretations including, without limitation, the
    recommendations or advice of any officer or other employee of
    the Company and such attorneys, consultants and accountants as
    it may select.

 

		
	
    18.  
	
    Amendment
    of the Plan or Awards

 

    The Board may amend, alter or discontinue this Plan and the
    Committee may amend, or alter any agreement or other document
    evidencing an Award made under this Plan but, except as
    specifically provided for hereunder, no

    

    10

 

    such amendment shall, without the approval of the stockholders
    of the Company (a) reduce the exercise price of outstanding
    Options or Stock Appreciation Rights, (b) reduce the price
    at which Options may be granted below the price provided for in
    Section 6, (c) increase the benefits accrued to any
    Participant, (d) increase the number of Common Shares
    available for issuance under the Plan, (e) modify the
    eligible classes of Participants under the Plan,
    (f) eliminate the minimum vesting requirements in
    Section 8(c) or allow the Committee to waive such
    requirements, or (g) otherwise amend the Plan in any manner
    requiring stockholder approval by law or under applicable
    listing requirements. No amendment or alteration to the Plan or
    an Award or Award Agreement shall be made which would impair the
    rights of the holder of an Award, without such holder’s
    consent, provided that no such consent shall be required if the
    Committee determines in its sole discretion and prior to the
    date of any change of control that such amendment or alteration
    either is required or advisable in order for the Company, the
    Plan or the Award to satisfy any law or regulation or to meet
    the requirements of or avoid adverse financial accounting
    consequences under any accounting standard.

 

		
	
    19.  
	
    Miscellaneous

 

    (a) No Liability of Company.  The Company
    and any Subsidiary or affiliate which is in existence or
    hereafter comes into existence shall not be liable to a
    Participant or any other person as to: (i) the non-issuance
    or sale of Common Shares as to which the Company has been unable
    to obtain from any regulatory body having jurisdiction the
    authority deemed by the Company’s counsel to be necessary
    to the lawful issuance and sale of any Common Shares hereunder;
    and (ii) any tax consequence expected, but not realized, by
    any Participant or other person due to the receipt, exercise or
    settlement of any Award granted hereunder.

 

    (b) Non-Exclusivity of Plan.  Neither the
    adoption of this Plan by the Board nor the submission of this
    Plan to the stockholders of the Company for approval shall be
    construed as creating any limitations on the power of the Board
    or the Committee to adopt such other incentive arrangements as
    either may deem desirable, including, without limitation, the
    granting of restricted stock or stock options otherwise than
    under this Plan or an arrangement not intended to qualify under
    Code Section 162(m). Further, such arrangements may be
    either generally applicable or applicable only in specific cases.

 

    (c) Governing Law.  This Plan and any
    agreements or other documents hereunder shall be interpreted and
    construed in accordance with the laws of Delaware and applicable
    federal law.

 

    (d) No Right to Employment, Reelection or Continued
    Service.  Nothing in this Plan or an Award
    Agreement shall interfere with or limit in any way the right of
    the Company, its Subsidiaries
    and/or its
    affiliates to terminate any Participant’s employment,
    service on the Board or service for the Company at any time or
    for any reason not prohibited by law, nor shall this Plan or an
    Award itself confer upon any Participant any right to continue
    his or her employment or service for any specified period of
    time. Neither an Award nor any benefits arising under this Plan
    shall constitute an employment contract with the Company, any
    Subsidiary
    and/or its
    affiliates.

 

    (e) Unfunded Plan.  The Plan is intended
    to be an unfunded plan. Participants are and shall at all times
    be general creditors of the Company with respect to their
    Awards. If the Committee or the Company chooses to set aside
    funds in a trust or otherwise for the payment of Awards under
    the Plan, such funds shall at all times be subject to the claims
    of the creditors of the Company in the event of its bankruptcy
    or insolvency.

 

    (f) Employees Based Outside of the United
    States.  Notwithstanding any provision of the Plan
    to the contrary, in order to foster and promote achievement of
    the purposes of the Plan or to comply with the provisions of
    laws in other countries in which the Company and its
    Subsidiaries operate or have employees, the Committee, in its
    sole discretion, shall have the power and authority to:
    (1) determine which employees that are subject to the tax
    laws of nations other than the United States are eligible to
    participate in the Plan, (2) modify the terms and
    conditions of any Awards granted to employees who are employed
    outside the United States, and (3) establish sub-plans,
    modified exercise procedures and other terms and procedures to
    the extent such actions may be necessary or advisable in such
    foreign jurisdictions.

 

    (g) Discretionary Nature of Benefit.  The
    grant of Awards by the Committee is a one-time benefit and does
    not create any contractual or other right to receive a grant of
    an Award or any payment or benefit in lieu of an Award in the
    future. The Committee’s selection of an eligible employee
    to receive an Award in any year or at any time shall

    

    11

 

    not require the Committee to consider or select such employee to
    receive an Award in any other year or at any other time.
    Further, the selection of an employee to receive one type of
    Award under the Plan does not require the Committee to select
    such employee to receive any other type of Award under the Plan.
    The Committee shall consider such factors it deems pertinent in
    selecting Participants and in determining the type and amount of
    their respective Awards. Future grants, if any, will be made at
    the sole discretion of the Committee, including, but not limited
    to, the timing of any grant, the number of shares or units
    awarded or the value of any such Award, vesting and exercise
    provisions, exercise or grant price and any and all other terms
    and conditions governing such Awards.

 

    (h) Voluntary
    Participation.  Participation in the Plan is
    voluntary and the value of any Award is an extraordinary item of
    compensation outside the scope of a Participant’s
    employment contract or agreement, if any. As such, the Award is
    not part of normal or expected compensation for purposes of
    calculating any severance, resignation, redundancy or end of
    service payments or benefits, bonuses, service or long-service
    awards, pension and / or retirement benefits, or any
    similar benefits or payments.

    

    12

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