Document:

Exhibit 10.1

ACCURIDE
CORPORATION

2005 INCENTIVE AWARD PLAN

(AS
AMENDED AND RESTATED)

ARTICLE
1

PURPOSE

The purpose of the Accuride Corporation 2005 Incentive
Award Plan (the “Plan”) is to promote the success
and enhance the value of Accuride Corporation, a Delaware corporation (the “Company”) by linking the personal interests of Directors,
Employees, and Consultants to those of Company stockholders and by providing
such individuals with an incentive for outstanding performance to generate
superior returns to Company stockholders. The Plan is further intended to
provide flexibility to the Company in its ability to motivate, attract, and
retain the services of Directors, Employees, and Consultants upon whose
judgment, interest, and special effort the successful conduct of the Company’s
and its Subsidiaries’ operations are largely dependent. The Plan was originally
adopted on April 14, 2005. The Plan is hereby amended and restated
effective June 14, 2007.

ARTICLE
2

DEFINITIONS AND
CONSTRUCTION

Wherever the following
terms are used in the Plan they shall have the meanings specified below, unless
the context clearly indicates otherwise. The singular pronoun shall include the
plural where the context so indicates.

2.1           “Award” means an Option, Restricted Stock, Stock Appreciation
Right, Performance Share, Performance Stock Unit, Performance Award, Dividend
Equivalent, Stock Payment, Deferred Stock, Restricted Stock Unit or a
Performance-Based Award granted to a Participant pursuant to the Plan.

2.2           “Award Agreement” means any written agreement, contract, or
other instrument or document evidencing an Award, including through electronic
medium.

2.3           “Board”
means the Board of Directors of the Company.

2.4           “Change of Control” means and includes each of the following:

(a)           A transaction or series of
transactions (other than an offering of Stock to the general public through a
registration statement filed with the Securities and Exchange Commission)
whereby any “person” or related “group” of “persons” (as such terms are used in
Sections 13(d) and 14(d)(2) of the Exchange Act) (other than the
Company, any of its subsidiaries, an employee benefit plan maintained by the
Company or any of its subsidiaries or a “person” that, prior to such
transaction, directly or indirectly controls, is controlled by, or is under
common control with, the Company) directly or indirectly acquires beneficial
ownership (within the meaning of Rule 13d-3 under the Exchange Act)
of securities of the Company possessing more than 35% of the total combined voting
power of the Company’s securities outstanding immediately after such
acquisition; or

(b)           During any period of two
consecutive years, individuals who, at the beginning of such period, constitute
the Board together with any new director(s) (other than a director
designated by a person who shall have entered into an agreement with the
Company to effect a transaction described in Section 2.4(a) or Section 2.4(c))
whose election by the Board or nomination for election by the Company’s
stockholders was approved by a vote of a majority of the directors then still
in office who 

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either were directors at
the beginning of the two year period or whose election or nomination for
election was previously so approved, cease for any reason to constitute a
majority thereof; or

(c)           The consummation by the
Company (whether directly involving the Company or indirectly involving the
Company through one or more intermediaries) of (x) a merger,
consolidation, reorganization, or business combination or (y) a sale or
other disposition of all or substantially all of the Company’s assets in any
single transaction or series of related transactions or (z) the
acquisition of assets or stock of another entity, in each case other than a
transaction:

(i)            Which
results in the Company’s voting securities outstanding immediately before the
transaction continuing to represent (either by remaining outstanding or by
being converted into voting securities of the Company or the person that, as a
result of the transaction, controls, directly or indirectly, the Company or
owns, directly or indirectly, all or substantially all of the Company’s assets
or otherwise succeeds to the business of the Company (the Company or such
person, the “Successor Entity”)) directly or
indirectly, at least a majority of the combined voting power of the Successor
Entity’s outstanding voting securities immediately after the transaction, and

(ii)           After which
no person or group beneficially owns voting securities representing 50% or more
of the combined voting power of the Successor Entity; provided, however, that no person or group
shall be treated for purposes of this Section 2.4(c)(ii) as
beneficially owning 50% or more of combined voting power of the Successor
Entity solely as a result of the voting power held in the Company prior to the
consummation of the transaction; or

(d)           The Company’s stockholders
approve a liquidation or dissolution of the Company.

The Committee shall determine whether a Change in
Control of the Company has occurred under the above definition, and the date of
the occurrence of such Change in Control and any incidental matters relating
thereto.

2.5           “Code” means the Internal Revenue Code of 1986, as amended.

2.6           “Committee” means the committee of the Board described in Article 12.

2.7           “Consultant” means any consultant or adviser if:

(a)           The consultant or adviser
renders bona fide services to the Company;

(b)           The services rendered by the
consultant or adviser are not in connection with the offer or sale of
securities in a capital-raising transaction and do not directly or indirectly
promote or maintain a market for the Company’s securities; and

(c)           The consultant or adviser is a
natural person who has contracted directly with the Company to render such
services.

2.8           “Covered Employee” means an Employee who is, or could be, a “covered
employee” within the meaning of Section 162(m) of the Code.

2.9           “Deferred Stock” means a right to receive a specified number
of shares of Stock during specified time periods pursuant to Article 8.6.

2.10         “Director” means a member of the Board, or as applicable, a
member of the board of directors of a Subsidiary.

2.11         “Disability”  means that the
Participant qualifies to receive long-term disability payments under the
Company’s long-term disability insurance program, as it may be amended from
time to time.

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2.12         “Dividend Equivalents” means a right granted to a Participant
pursuant to Article 8 to receive the equivalent value (in cash or Stock)
of dividends paid on Stock.

2.13         “Effective Date” shall have the meaning set forth in Section 13.1.

2.14         “Eligible Individual” means any person who is an Employee,
Consultant, or Director, as determined by the Committee.

2.15         “Employee” means any officer or other employee (as defined in
accordance with Section 3401(c) of the Code) of the Company or any
Subsidiary.

2.16         “Equity Restructuring” shall mean a nonreciprocal transaction
between the company and its stockholders, such as a stock dividend, stock
split, spin-off, rights offering or recapitalization through a large,
nonrecurring cash dividend, that affects the shares of Stock (or other
securities of the Company) or the share price of Stock (or other securities)
and causes a change in the per share value of the Stock underlying outstanding
Awards.

2.17         “Exchange Act” means the Securities Exchange Act of 1934, as
amended.

2.18         “Fair Market Value” means, as of any given date, (i) if
Stock is traded on an exchange, the closing price of a share of Stock as
reported in the Wall Street Journal on such date,
or if the Stock is not traded on such date, then the first date immediately
preceding such date on which the Stock was traded; or (ii) if Stock is not
traded on an exchange but is quoted on a national market or other quotation
system, the last sales price for the Stock on such date, or if the Stock is not
traded on such date, then the date immediately prior to such date on which
sales prices are reported by a national market or such other quotation system;
or (iii) if the Stock is not publicly traded, the fair market value
established by the Committee acting in good faith.

2.19         “Full Value Award” means any Award other than an Option or
other Award for which the Participant pays the intrinsic value (whether
directly or by forgoing a right to receive a payment from the Company).

2.20         “Incentive Stock Option” means an Option that is intended to
meet the requirements of Section 422 of the Code or any successor
provision thereto.

2.21         “Non-Employee Director” means a member of the Board who
qualifies as a “Non-Employee Director” as defined in Rule 16b-3(b)(3) of
the Exchange Act, or any successor definition adopted by the Board.

2.22         “Non-Qualified Stock Option” means an Option that is not
intended to be an Incentive Stock Option.

2.23         “Option” means a
right granted to a Participant pursuant to Article 5 of the Plan to
purchase a specified number of shares of Stock at a specified price during
specified time periods. An Option may be either an Incentive Stock Option or a
Non-Qualified Stock Option.

2.24         “Participant” means an Eligible Individual who has been
granted an Award pursuant to the Plan.

2.25         “Performance Award” means a right granted to a Participant
pursuant to Article 8, to receive a cash payment contingent upon achieving
certain performance goals established by the Committee.

2.26         “Performance-Based Award” means an Award granted to selected
Covered Employees pursuant to Articles 6 and 8, but which is subject to the
terms and conditions set forth in Article 9.

2.27         “Performance Criteria”
means the criteria that the Committee selects for purposes of establishing the
Performance Goal or Performance Goals for a Participant for a Performance
Period. The Performance Criteria that will be used to establish Performance
Goals are limited to the following:  net
earnings (either 

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before or after interest,
taxes, depreciation and amortization), economic value-added (as determined by
the Committee), sales or revenue, net income (either before or after taxes),
operating earnings, cash flow (including, but not limited to, operating cash
flow and free cash flow), cash flow return on capital, return on net assets,
return on stockholders’ equity, return on assets, return on capital,
stockholder returns, return on sales, gross or net profit margin, productivity,
expense, margins, operating efficiency, customer satisfaction, working capital,
earnings per share, price per share of Stock, and market share, any of which
may be measured either in absolute terms or as compared to any incremental
increase or as compared to results of a peer group. The Committee shall define
in an objective fashion the manner of calculating the Performance Criteria it
selects to use for such Performance Period for such Participant.

2.28         “Performance Goals” means, for a Performance Period, the
goals established in writing by the Committee for the Performance Period based
upon the Performance Criteria. Depending on the Performance Criteria used to
establish such Performance Goals, the Performance Goals may be expressed in
terms of overall Company performance or the performance of a division, business
unit, or an individual. The Committee, in its discretion, may, within the time
prescribed by Section 162(m) of the Code, adjust or modify the
calculation of Performance Goals for such Performance Period in order to
prevent the dilution or enlargement of the rights of Participants (a) in
the event of, or in anticipation of, any unusual or extraordinary corporate
item, transaction, event, or development, or (b) in recognition of, or in
anticipation of, any other unusual or nonrecurring events affecting the
Company, or the financial statements of the Company, or in response to, or in
anticipation of, changes in applicable laws, regulations, accounting
principles, or business conditions.

2.29         “Performance Period” means the one or more periods of time,
which may be of varying and overlapping durations, as the Committee may select,
over which the attainment of one or more Performance Goals will be measured for
the purpose of determining a Participant’s right to, and the payment of, a
Performance-Based Award.

2.30         “Performance Share” means a right granted to a Participant
pursuant to Article 8, to receive Stock, the payment of which is
contingent upon achieving certain Performance Goals or other performance based
targets established by the Committee.

2.31         “Performance Stock Unit” means a right granted to a
Participant pursuant to Article 8, to receive Stock, the payment of which
is contingent upon achieving certain Performance Goals or other performance
based targets established by the Committee.

2.32         “Plan” means this Accuride Corporation Incentive Award Plan,
as it may be amended from time to time.

2.33         “Qualified Performance-Based Compensation” means any
compensation that is intended to qualify as “qualified performance-based
compensation” as described in Section 162(m)(4)(C) of the Code.

2.34         “Restatement Effective Date” means the date this Amended and
Restated Plan is approved by stockholders in accordance with Section 13.1.

2.35         “Restricted Stock” means Stock awarded to a Participant
pursuant to Article 6 that is subject to certain restrictions and may be
subject to risk of forfeiture.

2.36         “Restricted Stock Unit” means an Award granted pursuant to Section 8.6.

2.37         “Stock” means the common stock of the Company, par value
$0.01 per share, and such other securities of the Company that may be
substituted for Stock pursuant to Article 11.

2.38         “Stock Appreciation Right” or “SAR”
means a right granted pursuant to Article 7 to receive a payment equal to
the excess of the Fair Market Value of a specified number of shares of Stock on
the date 

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the SAR is exercised over
the Fair Market Value on the date the SAR was granted as set forth in the
applicable Award Agreement.

2.39         “Stock Payment” means (a) a payment in the form of
shares of Stock, or (b) an option or other right to purchase shares of
Stock, as part of any bonus, deferred compensation or other arrangement, made
in lieu of all or any portion of the compensation, granted pursuant to Article 8.

2.40         “Subsidiary” means any corporation or other entity of which a
majority of the outstanding voting stock or voting power is beneficially owned
directly or indirectly by the Company.

ARTICLE
3

SHARES SUBJECT TO
THE PLAN

3.1           Number of Shares.

(a)           Subject to Article 11 and
Section 3.1(b), the aggregate number of shares of Stock which may be
issued or transferred pursuant to Awards under the Plan shall be 3,633,988
shares. The maximum number of shares of Stock that may be delivered upon
exercise of Incentive Stock Options shall be 3,633,988.

(b)           Notwithstanding Section 3.1(a):
(i) the Committee may adopt reasonable counting procedures to ensure
appropriate counting, avoid double counting (as, for example, in the case of
tandem or substitute awards), and make adjustments if the number of shares of
Stock actually delivered differs from the number of shares previously counted
in connection with an Award; (ii) shares of Stock that are potentially
deliverable under any Award that expires or is canceled, forfeited, settled in
cash or otherwise terminated without a delivery of such shares to the
Participant will not be counted as delivered under the Plan; (iii) shares
of Stock that have been issued in connection with any Award (e.g., Restricted
Stock) that is canceled, forfeited, or settled in cash such that those shares
are returned to the Company will again be available for Awards; and (iv) shares
of Stock withheld in payment of the exercise price or taxes relating to any
Award and shares equal to the number surrendered in payment of any exercise
price or taxes relating to any Award shall be deemed to constitute shares not
delivered to the Participant and shall be deemed to be available for Awards
under the Plan; provided, however,
that, no shares shall become available pursuant to this Section 3.1(b) to
the extent that (x) the transaction resulting in the return of shares
occurs more than ten years after the date of the most recent shareholder
approval of the Plan, or (y) such return of shares would constitute a “material
revision” of the Plan subject to stockholder approval under then applicable rules of
any stock exchange or any quotation system. In addition, in the case of any
Award granted in substitution for an award of a company or business acquired by
the Company or a subsidiary or affiliate, shares of Stock issued or issuable in
connection with such substitute Award shall not be counted against the number
of shares reserved under the Plan, but shall be available under the Plan by
virtue of the Company’s assumption of the plan or arrangement of the acquired
company or business. This Section 3.1 shall apply to the share limit
imposed to conform to the regulations promulgated under the Code with respect
to  Incentive Stock Options only to the
extent consistent with applicable regulations relating to Incentive Stock
Options under the Code. Because shares will count against the number reserved
in Section 3.1 upon delivery, the Committee may, subject to the share
counting rules under this Section 3.1, determine that Awards may be
outstanding that relate to a greater number of shares than the aggregate
remaining available under the Plan, so long as Awards will not result in
delivery and vesting of shares in excess of the number then available under the
Plan. The payment of Dividend Equivalents in cash in conjunction with any
outstanding Awards shall not be counted against the shares available for
issuance under the Plan.

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3.2           Stock Distributed.   Any Stock distributed pursuant
to an Award may consist, in whole or in part, of authorized and unissued Stock,
treasury Stock or Stock purchased on the open market.

3.3           Limitation on Number of Shares
Subject to Awards and Limit on Performance Awards.   Notwithstanding any provision
in the Plan to the contrary, and subject to Article 11, the maximum number
of shares of Stock with respect to one or more Awards that may be granted to
any one Participant during any twelve-month period (measured from the date of any
grant) shall be 500,000 and the maximum amount that may be paid in cash as a
Performance Award that is intended to be a Performance Based Award shall not
exceed $1,000,000. In addition, no more than one-half of the shares of Stock
available for issuance pursuant to Awards under Section 3.1(a) may be
issued in the form of Full Value Awards.

ARTICLE
4

ELIGIBILITY AND
PARTICIPATION

4.1           Eligibility.

(a)           General.   Persons
eligible to participate in this Plan include Employees, Consultants, and all
Directors, as determined by the Committee.

(b)           Foreign
Participants.   Notwithstanding any provision of the Plan to the
contrary, in order to comply with the laws in other countries in which the
Company and its Subsidiaries operate or in which Eligible Individuals reside,
the Committee, in its sole discretion, shall have the power and authority to:

(i)            Determine
which Subsidiaries shall be covered by the Plan;

(ii)           Determine
which Eligible Individuals outside the Unites States are eligible to
participate in the Plan;

(iii)          Modify the
terms and conditions of any Award granted to Eligible Individuals outside the
United States to comply with applicable foreign laws;

(iv)          Establish
subplans and modify exercise procedures and other terms and procedures, to the
extent such actions may be necessary or advisable (any such subplans and/or
modifications shall be attached to this Plan as appendices); provided, however, that no such subplans
and/or modifications shall increase the share limitations contained in Sections
3.1 and 3.3 of the Plan; and

(v)           Take any
action, before or after an Award is made, that it deems advisable to obtain
approval or comply with any necessary local governmental regulatory exemptions
or approvals.

Notwithstanding the foregoing, the Committee may not
take any actions hereunder, and no Awards shall be granted, that would violate
the Exchange Act, the Code, any securities law or governing statute or any
other applicable law.

4.2           Participation.   Subject
to the provisions of the Plan, the Committee may, from time to time, select
from among all Eligible Individuals, those to whom Awards shall be granted and
shall determine the nature and amount of each Award. No Eligible Individual
shall have any right to be granted an Award pursuant to this Plan.

ARTICLE
5

STOCK OPTIONS

5.1           General.   The Committee is authorized to
grant Options to Eligible Individuals on the following terms and conditions:

 6
 

(a)           Exercise
Price.   The exercise price per share of Stock subject to an
Option shall be determined by the Committee and set forth in the Award Agreement;
provided that the exercise price
for any Option shall not be less than 100% of the Fair Market Value of a share
of Stock on the date of grant.

(b)           Time and
Conditions of Exercise.   The Committee shall determine the time
or times at which an Option may be exercised in whole or in part; provided that the term of any Option
granted under the Plan shall not exceed ten years and that no Option may be
exercisable earlier than one year after its date of grant, except as provided
in Section 11.2. The Committee shall also determine the performance or
other conditions, if any, that must be satisfied before all or part of an
Option may be exercised.

(c)           Payment.   The
Committee shall determine the methods by which the exercise price of an Option
may be paid, the form of payment, including, without limitation, (i) cash,
(ii) promissory note bearing interest at no less than such rate as shall
then preclude the imputation of interest under the Code, (iii) shares of
Stock held for such period of time as may be required by the Committee in order
to avoid adverse accounting consequences and having a Fair Market Value on the
date of delivery equal to the aggregate exercise price of the Option or
exercised portion thereof, (iv) by the delivery of a notice that the
Participant has placed a market sell order with a broker with respect to shares
of Stock then issuable upon exercise of the Option, and that the broker has
been directed to pay a sufficient portion of the net proceeds of the sale to
the Company in satisfaction of the Option exercise price; provided that payment of such proceeds is
then made to the Company upon settlement of such sale), and the methods by
which shares of Stock shall be delivered or deemed to be delivered to
Participants, or (v) other property acceptable to the Committee. Notwithstanding
any other provision of the Plan to the contrary, no Participant who is a
Director or an “executive officer” of the Company within the meaning of Section 13(k) of
the Exchange Act shall be permitted to pay the exercise price of an Option in
any method which would violate Section 13(k) of the Exchange Act.

(d)           Evidence of
Grant.   All Options shall be evidenced by an Award Agreement
between the Company and the Participant. The Award Agreement shall include such
additional provisions as may be specified by the Committee.

5.2           Incentive Stock Options.   Incentive
Stock Options shall be granted only to Employees and the terms of any Incentive
Stock Options granted pursuant to the Plan, in addition to the requirements of Section 5.1,
must comply with the following additional provisions of this Section 5.2:

(a)           Expiration
of Option.   Subject to Section 5.2(c), an Incentive Stock
Option shall cease to be an Incentive Stock Option and shall be a Non-Qualified
Stock Option to any extent exercised by anyone after the first to occur of the
following events:

(i)            Ten years from the date it is
granted, unless an earlier time is set in the Award Agreement;

(ii)           Three months after the Participant’s
termination of employment as an Employee; and

(iii)          One year after the date of the
Participant’s termination of employment or service on account of Disability or
death. Upon the Participant’s Disability or death, any Incentive Stock Options
exercisable at the Participant’s Disability or death may be exercised by the
Participant’s legal representative or representatives, by the person or persons
entitled to do so pursuant to the Participant’s last will and testament, or, if
the Participant fails to make testamentary disposition of such Incentive Stock
Option or dies intestate, by the person or persons entitled to receive the
Incentive Stock Option pursuant to the applicable laws of descent and distribution.

 

 7

(b)           Dollar
Limitation.   The
aggregate Fair Market Value (determined as of the time the Option is granted)
of all shares of Stock with respect to which Incentive Stock Options are first
exercisable by a Participant in any calendar year may not exceed $100,000 or
such other limitation as imposed by Section 422(d) of the Code, or
any successor provision. To the extent that Incentive Stock Options are first
exercisable by a Participant in excess of such limitation, the excess shall be
considered Non-Qualified Stock Options.

(c)           Ten Percent
Owners.   An
Incentive Stock Option shall be granted to any individual who, at the date of
grant, owns stock possessing more than ten percent of the total combined voting
power of all classes of Stock of the Company only if such Option is granted at
a price that is not less than 110% of Fair Market Value on the date of grant
and the Option is exercisable for no more than five years from the date of
grant.

(d)           Notice of
Disposition.   The
Participant shall give the Company prompt notice of any disposition of shares
of Stock acquired by exercise of an Incentive Stock Option within (i) two
years from the date of grant of such Incentive Stock Option or (ii) one
year after the transfer of such shares of Stock to the Participant.

(e)           Expiration
of Incentive Stock Options.   No
Award of an Incentive Stock Option may be made pursuant to this Plan after the
tenth anniversary of the Restatement Effective Date.

(f)            Right to
Exercise.   During
a Participant’s lifetime, an Incentive Stock Option may be exercised only by
the Participant.

(g)           Failure to
Meet Requirements.   Any
Option (or portion thereof) purported to be an Incentive Stock Option, which,
for any reason, fails to meet the requirements of Section 422 of the Code
shall be considered a Non-Qualified Stock Option

5.3           Substitution of Stock Appreciation Rights.   The Committee may provide in the Award
Agreement evidencing the grant of an Option that the Committee, in its sole
discretion, shall have the right to substitute a Stock Appreciation Right for
such Option at any time prior to or upon exercise of such Option, provided that
such Stock Appreciation Right shall be exercisable with respect to the same
number of shares of Stock for which such substituted Option would have been
exercisable.

ARTICLE
6

RESTRICTED STOCK
AWARDS

6.1           Grant of Restricted Stock.   The Committee is authorized to make
Awards of Restricted Stock to any Eligible Individual selected by the Committee
in such amounts and subject to such terms and conditions as determined by the
Committee. All Awards of Restricted Stock shall be evidenced by an Award
Agreement.

6.2           Issuance and Restrictions.   Restricted Stock shall be subject to
such restrictions on transferability and other restrictions as the Committee
may impose (including, without limitation, limitations on the right to vote
Restricted Stock or the right to receive dividends on the Restricted Stock). These
restrictions may lapse separately or in combination at such times, pursuant to
such circumstances, in such installments, or otherwise, as the Committee
determines at the time of the grant of the Award or thereafter.

6.3           Forfeiture.   Except as otherwise determined by the
Committee at the time of the grant of the Award or thereafter, upon termination
of employment or service during the applicable restriction period, Restricted
Stock that is at that time subject to restrictions shall be forfeited; provided, however, that except as
otherwise provided by Section 10.6, the Committee may (a) provide in
any Restricted Stock Award Agreement that restrictions or forfeiture conditions
relating to Restricted Stock will be waived in whole or 

 8
 

in part in the event of
terminations resulting from specified causes, and (b) in other cases waive
in whole or in part restrictions or forfeiture conditions relating to
Restricted Stock.

6.4           Certificates for Restricted Stock.   Restricted Stock granted pursuant to
the Plan may be evidenced in such manner as the Committee shall determine. If
certificates representing shares of Restricted Stock are registered in the name
of the Participant, certificates must bear an appropriate legend referring to
the terms, conditions, and restrictions applicable to such Restricted Stock,
and the Company may, at its discretion, retain physical possession of the
certificate until such time as all applicable restrictions lapse.

ARTICLE 7

STOCK APPRECIATION
RIGHTS

7.1           Grant of Stock Appreciation Rights.

(a)           A Stock Appreciation Right may
be granted to any Eligible Individual selected by the Committee. A Stock
Appreciation Right shall be subject to such terms and conditions not
inconsistent with the Plan as the Committee shall impose and shall be evidenced
by an Award Agreement.

(b)           A Stock Appreciation Right
shall entitle the Participant (or other person entitled to exercise the Stock
Appreciation Right pursuant to the Plan) to exercise all or a specified portion
of the Stock Appreciation Right (to the extent then exercisable pursuant to its
terms) and to receive from the Company an amount equal to the product of (i) the
excess of (A) the Fair Market Value of a share of Stock on the date of
exercise of the Stock Appreciation Right over (B) the Fair Market Value of
the Stock on the date the Stock Appreciation Right was granted, and (ii) by
the number of shares of Stock with respect to which the Stock Appreciation
Right is exercised, subject to any limitations the Committee may impose.

7.2           Payment and Limitations on Exercise.   Payment of the amounts determined under
Section 7.1(b) above shall be in cash, in Stock (based on its Fair
Market Value as of the date the Stock Appreciation Right is exercised) or a
combination of both, as determined by the Committee in the Award Agreement.

ARTICLE
8

OTHER TYPES OF
AWARDS

8.1           Performance Share Awards.   Any Eligible Individual selected by the
Committee may be granted one or more Performance Share awards which shall be
denominated in a number of shares of Stock and which may be linked to any one
or more of the Performance Criteria or other specific performance criteria
determined appropriate by the Committee, in each case on a specified date or
dates or over any period or periods determined by the Committee. In making such
determinations, the Committee shall consider (among such other factors as it
deems relevant in light of the specific type of award) the contributions,
responsibilities and other compensation of the particular Participant.

8.2           Performance Stock Units.   Any Eligible
Individual selected by the Committee may be granted one or more Performance
Stock Unit awards which shall be denominated in unit equivalent of shares of
Stock and/or units of value including dollar value of shares of Stock and which
may be linked to any one or more of the Performance Criteria or other specific
performance criteria determined appropriate by the Committee, in each case on a
specified date or dates or over any period or periods determined by the
Committee (subject to Section 10.6). In making such determinations, the
Committee shall consider (among such other factors as it deems relevant in
light of the specific type of award) the contributions, responsibilities and
other compensation of the particular Participant.

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8.3           Performance
Award.   Any
Eligible Individual selected by the Committee may be granted a Performance
Award.   The value of such Performance
Awards may be linked to any one or more of the Performance Criteria or other
specific performance criteria determined appropriate by the Committee, in each
case on a specified date or dates or over any Performance Period determined by
the Committee. In making such determinations, the Committee shall consider
(among such other factors as it deems relevant in light of the specific type of
award) the contributions, responsibilities and other compensation of the
Participant.

8.4           Dividend Equivalents.

(a)           Any Eligible Individual
selected by the Committee may be granted Dividend Equivalents based on the
dividends declared on the shares of Stock that are subject to any Award, to be
credited as of dividend payment dates, during the period between the date the
Award is granted and the date the Award is exercised, vests or expires, as
determined by the Committee. Such Dividend Equivalents shall be converted to
cash or additional shares of Stock by such formula and at such time and subject
to such limitations as may be determined by the Committee.

(b)           Dividend Equivalents granted
with respect to Options or SARs that are intended to be Qualified Performance-Based
Compensation shall be payable, with respect to pre-exercise periods, regardless
of whether such Option or SAR is subsequently exercised.

8.5           Stock Payments.   Any
Eligible Individual selected by the Committee may receive Stock Payments in the
manner determined from time to time by the Committee; provided, that unless otherwise determined
by the Committee such Stock Payments shall be made in lieu of base salary,
bonus, or other cash compensation otherwise payable to such Participant. The
number of shares shall be determined by the Committee and may be based upon the
Performance Criteria or other specific criteria determined appropriate by the
Committee, determined on the date such Stock Payment is made or on any date
thereafter.

8.6           Deferred Stock.   Any
Eligible Individual selected by the Committee may be granted an award of
Deferred Stock in the manner determined from time to time by the Committee. The
number of shares of Deferred Stock shall be determined by the Committee and may
be linked to the Performance Criteria or other specific criteria determined to
be appropriate by the Committee, in each case on a specified date or dates or
over any period or periods determined by the Committee. Stock underlying a
Deferred Stock award will not be issued until the Deferred Stock award has
vested, pursuant to a vesting schedule or criteria set by the Committee. Unless
otherwise provided by the Committee, a Participant awarded Deferred Stock shall
have no rights as a Company stockholder with respect to such Deferred Stock
until such time as the Deferred Stock Award has vested and the Stock underlying
the Deferred Stock Award has been issued.

8.7           Restricted Stock Units.   The Committee is authorized to make
Awards of Restricted Stock Units to any Eligible Individual selected by the
Committee in such amounts and subject to such terms and conditions as
determined by the Committee. At the time of grant, the Committee shall specify
the date or dates on which the Restricted Stock Units shall become fully vested
and nonforfeitable, and may specify such conditions to vesting as it deems
appropriate. At the time of grant, the Committee shall specify the maturity
date applicable to each grant of Restricted Stock Units which shall be no
earlier than the vesting date or dates of the Award and may be determined at
the election of the grantee. On the maturity date, the Company shall transfer
to the Participant one unrestricted, fully transferable share of Stock for each
Restricted Stock Unit scheduled to be paid out on such date and not previously
forfeited. The Committee shall specify the purchase price, if any, to be paid
by the grantee to the Company for such shares of Stock.

 

 10
 

8.8           Term.   Except
as otherwise provided herein, the term of any Award of Performance Shares,
Performance Stock Units, Dividend Equivalents, Stock Payments, Deferred Stock,
or Restricted Stock Units shall be set by the Committee in its discretion.

8.9           Exercise or Purchase Price.   The Committee may establish the
exercise or purchase price, if any, of any Award of Performance Shares,
Performance Stock Units, Deferred Stock, Stock Payments, or Restricted Stock
Units; provided, however, that
such price shall not be less than the par value of a share of Stock, unless
otherwise permitted by applicable state law.

8.10         Exercise upon Termination of
Employment or Service.   An
Award of Performance Shares, Performance Stock Units, Dividend Equivalents,
Deferred Stock, Stock Payments, or Restricted Stock Units shall only be
exercisable or payable while the Participant is an Employee, Consultant or a
member of the Board, as applicable; provided,
however, that the Committee in its sole and absolute discretion may
provide that an Award of Performance Shares, Performance Stock Units, Dividend
Equivalents, Stock Payments, Deferred Stock, Restricted Stock Units or Other
Stock-Based Award may be exercised or paid subsequent to a termination of
employment or service, as applicable, or following a Change of Control of the
Company, or because of the Participant’s retirement, death or disability, or
otherwise.

8.11         Form of Payment.   Payments with respect to any Awards
granted under this Article 8 shall be made in cash, in Stock or a
combination of both, as determined by the Committee.

8.12         Award Agreement.   All
Awards under this Article 8 shall be subject to such additional terms and
conditions as determined by the Committee and shall be evidenced by an Award
Agreement.

ARTICLE
9

PERFORMANCE-BASED
AWARDS

9.1           Purpose.   The purpose of this Article 9 is
to provide the Committee the ability to qualify Awards other than Options and
SARs and that are granted pursuant to Articles 6 and 8 as Qualified
Performance-Based Compensation. If the Committee, in its discretion, decides to
grant a Performance-Based Award to a Covered Employee, the provisions of this Article 9
shall control over any contrary provision contained in Articles 6 or 8; provided, however, that the Committee may
in its discretion grant Awards to Covered Employees or other Participants that
are based on Performance Criteria or Performance Goals but that do not satisfy
the requirements of this Article 9.

9.2           Applicability.   This Article 9 shall apply only to
those Covered Employees selected by the Committee to receive Performance-Based
Awards. The designation of a Covered Employee as a Participant for a
Performance Period shall not in any manner entitle the Participant to receive
an Award for the period. Moreover, designation of a Covered Employee as a
Participant for a particular Performance Period shall not require designation
of such Covered Employee as a Participant in any subsequent Performance Period
and designation of one Covered Employee as a Participant shall not require
designation of any other Covered Employees as a Participant in such period or
in any other period.

9.3           Procedures with Respect to
Performance-Based Awards.   To
the extent necessary to comply with the Qualified Performance-Based
Compensation requirements of Section 162(m)(4)(C) of the Code, with
respect to any Award granted under Articles 6 and 8 which may be granted to one
or more Covered Employees, no later than ninety (90) days following the
commencement of any fiscal year in question or any other designated fiscal
period or period of service (or such other time as may be required or permitted
by Section 162(m) of the Code), the Committee shall, in writing, (a) designate
one or more Covered Employees, (b) select the Performance Criteria
applicable to the Performance Period, (c) establish the Performance Goals,
and amounts of such Awards, as applicable, which may be earned for such
Performance Period, and (d) specify the relationship between Performance
Criteria and the Performance Goals and the amounts of such Awards, as
applicable, to be earned by each Covered Employee for such 

 11
 

Performance Period. Following
the completion of each Performance Period, the Committee shall certify in
writing whether the applicable Performance Goals have been achieved for such
Performance Period. In determining the amount earned by a Covered Employee, the
Committee shall have the right to reduce or eliminate (but not to increase) the
amount payable at a given level of performance to take into account additional
factors that the Committee may deem relevant to the assessment of individual or
corporate performance for the Performance Period.

9.4           Payment of Performance-Based
Awards.   Unless
otherwise provided in the applicable Award Agreement, a Participant must be
employed by the Company or a Subsidiary on the day a Performance-Based Award
for such Performance Period is paid to the Participant. Furthermore, a
Participant shall be eligible to receive payment pursuant to a
Performance-Based Award for a Performance Period only if the Performance Goals
for such period are achieved. In determining the amount earned under a
Performance-Based Award, the Committee may reduce or eliminate the amount of
the Performance-Based Award earned for the Performance Period, if in its sole
and absolute discretion, such reduction or elimination is appropriate.

9.5           Additional Limitations.   Notwithstanding any other provision of
the Plan, any Award which is granted to a Covered Employee and is intended to
constitute Qualified Performance-Based Compensation shall be subject to any
additional limitations set forth in Section 162(m) of the Code
(including any amendment to Section 162(m) of the Code) or any
regulations or rulings issued thereunder that are requirements for
qualification as qualified performance-based compensation as described in Section 162(m)(4)(C) of
the Code, and the Plan shall be deemed amended to the extent necessary to
conform to such requirements.

ARTICLE
10

PROVISIONS
APPLICABLE TO AWARDS

10.1         Stand-Alone and Tandem Awards.   Awards granted pursuant to the Plan
may, in the discretion of the Committee, be granted either alone, in addition
to, or in tandem with, any other Award granted pursuant to the Plan. Awards
granted in addition to or in tandem with other Awards may be granted either at
the same time as or at a different time from the grant of such other Awards.

10.2         Award Agreement.   Awards under the Plan shall be
evidenced by Award Agreements that set forth the terms, conditions and
limitations for each Award which may include the term of an Award, the
provisions applicable in the event the Participant’s employment or service
terminates, and the Company’s authority to unilaterally or bilaterally amend,
modify, suspend, cancel or rescind an Award.

10.3         Limits on Transfer.   No right or interest of a Participant
in any Award may be pledged, encumbered, or hypothecated to or in favor of any
party other than the Company or a Subsidiary, or shall be subject to any lien,
obligation, or liability of such Participant to any other party other than the
Company or a Subsidiary. Except as otherwise provided by the Committee, no
Award shall be assigned, transferred, or otherwise disposed of by a Participant
other than by will or the laws of descent and distribution. The Committee by
express provision in the Award or an amendment thereto may permit an Award
(other than an Incentive Stock Option) to be transferred to, exercised by and
paid to certain persons or entities related to the Participant, including but
not limited to members of the Participant’s family, charitable institutions, or
trusts or other entities whose beneficiaries or beneficial owners are members
of the Participant’s family and/or charitable institutions, or to such other
persons or entities as may be expressly approved by the Committee, pursuant to
such conditions and procedures as the Committee may establish. Any permitted
transfer shall be subject to the condition that the Committee receive evidence
satisfactory to it that the transfer is being made for estate and/or tax
planning purposes (or to a “blind trust” in connection with the Participant’s
termination of employment or service with the Company or a Subsidiary to assume
a position with a governmental, charitable, educational or similar non-profit
institution) and on a basis consistent with the Company’s lawful issue of
securities.

 12
 

10.4         Beneficiaries.   Notwithstanding Section 10.3, a
Participant may, in the manner determined by the Committee, designate a
beneficiary to exercise the rights of the Participant and to receive any
distribution with respect to any Award upon the Participant’s death. A beneficiary,
legal guardian, legal representative, or other person claiming any rights
pursuant to the Plan is subject to all terms and conditions of the Plan and any
Award Agreement applicable to the Participant, except to the extent the Plan
and Award Agreement otherwise provide, and to any additional restrictions
deemed necessary or appropriate by the Committee. If the Participant is married
and resides in a community property state, a designation of a person other than
the Participant’s spouse as his or her beneficiary with respect to more than
50% of the Participant’s interest in the Award shall not be effective without
the prior written consent of the Participant’s spouse. If no beneficiary has
been designated or survives the Participant, payment shall be made to the
person entitled thereto pursuant to the Participant’s will or the laws of
descent and distribution. Subject to the foregoing, a beneficiary designation
may be changed or revoked by a Participant at any time provided the change or
revocation is filed with the Committee.

10.5         Stock
Certificates; Book Entry Procedures.   Notwithstanding anything herein to the
contrary, the Company shall not be required to issue or deliver any
certificates evidencing shares of Stock pursuant to the exercise of any Award,
unless and until the Board has determined, with advice of counsel, that the
issuance and delivery of such certificates is in compliance with all applicable
laws, regulations of governmental authorities and, if applicable, the
requirements of any exchange on which the shares of Stock are listed or traded.
All Stock certificates delivered pursuant to the Plan are subject to any
stop-transfer orders and other restrictions as the Committee deems necessary or
advisable to comply with federal, state, or foreign jurisdiction, securities or
other laws, rules and regulations and the rules of any national
securities exchange or automated quotation system on which the Stock is listed,
quoted, or traded. The Committee may place legends on any Stock certificate to
reference restrictions applicable to the Stock. In addition to the terms and
conditions provided herein, the Board may require that a Participant make such
reasonable covenants, agreements, and representations as the Board, in its
discretion, deems advisable in order to comply with any such laws, regulations,
or requirements. The Committee shall have the right to require any Participant to comply with any timing or
other restrictions with respect to the settlement or exercise of any Award,
including a window-period limitation, as may be imposed in the
discretion of the Committee.

10.6         Full Value Award Vesting
Limitations.   Notwithstanding
any other provision of this Plan to the contrary, Full Value Awards made to
Employees or Consultants shall become vested over a period of not less than
three years (or, in the case of vesting based upon the attainment of
Performance Goals or other performance-based objectives, over a period of not
less than one year) following the date the Award is made; provided, however, that,
notwithstanding the foregoing, Full Value Awards may vest sooner upon a Change
in Control, death or disability.

10.7         Paperless Administration.   In the event that the Company
establishes, for itself or using the services of a third party, an automated
system for the documentation, granting or exercise of Awards, such as a system
using an internet website or interactive voice response, then the paperless
documentation, granting or exercise of Awards by a Participant may be permitted
through the use of such an automated system.

ARTICLE
11

CHANGES IN CAPITAL
STRUCTURE

11.1         Adjustments.

(a)           In the event of any stock
dividend, stock split, combination or exchange of shares, merger,
consolidation, spin-off, recapitalization or other distribution (other than
normal cash dividends) of Company assets to stockholders, or any other change
affecting the shares of Stock or the share price 

 13
 

of the Stock, other than
an Equity Restructuring, the Committee shall make such proportionate and
equitable adjustments, if any, as the Committee in its discretion may deem
appropriate to reflect such change with respect to (i) the aggregate
number and kind of shares that may be issued under the Plan (including, but not
limited to, adjustments of the limitations in Sections 3.1 and 3.3); (ii) the
terms and conditions of any outstanding Awards (including, without limitation,
any applicable performance targets or criteria with respect thereto); and (iii) the
grant or exercise price per share for any outstanding Awards under the Plan. Any
adjustment affecting an Award intended as Qualified Performance-Based
Compensation shall be made consistent with the requirements of Section 162(m) of
the Code.

(b)           In the event of any
transaction or event described in Section 11(a) or any unusual or
nonrecurring transactions or events affecting the Company, any affiliate of the
Company, or the financial statements of the Company or any affiliate, or of
changes in applicable laws, regulations or accounting principles, the
Committee, in its sole and absolute discretion, and on such terms and
conditions as it deems appropriate, either by the terms of the Award or by
action taken prior to the occurrence of such transaction or event and either
automatically or upon the Participant’s request, is hereby authorized to take
any one or more of the following actions whenever the Committee determines that
such action is appropriate in order to prevent dilution or enlargement of the
benefits or potential benefits intended to be made available under the Plan or
with respect to any Award under the Plan, to facilitate such transactions or
events or to give effect to such changes in laws, regulations or principles:

(i)            To provide for either (A) termination
of any such Award in exchange for an amount of cash, if any, equal to the
amount that would have been attained upon the exercise of such Award or
realization of the Participant’s rights (and, for the avoidance of doubt, if as
of the date of the occurrence of the transaction or event described in this Section 11(b) the
Committee determines in good faith that no amount would have been attained upon
the exercise of such Award or realization of the Participant’s rights, then
such Award may be terminated by the Company without payment) or (B) the
replacement of such Award with other rights or property selected by the
Committee in its sole discretion;

(ii)           To provide that such Award be assumed
by the successor or survivor corporation, or a parent or subsidiary thereof, or
shall be substituted for by similar options, rights or awards covering the
stock of the successor or survivor corporation, or a parent or subsidiary
thereof, with appropriate adjustments as to the number and kind of shares and
prices;

(iii)          To make adjustments in the number and
type of shares of Common Stock (or other securities or property) subject to
outstanding Awards, and in the number and kind of outstanding Restricted Stock
or Deferred Stock and/or in the terms and conditions of (including the grant or
exercise price), and the criteria included in, outstanding options, rights and
awards and options, rights and awards which may be granted in the future;

(iv)          To provide that such Award shall be
exercisable or payable or fully vested with respect to all shares covered
thereby, notwithstanding anything to the contrary in the Plan or the applicable
Award Agreement; and

(v)           To provide that the Award cannot
vest, be exercised or become payable after such event.

 

 14

(c)           In connection with the occurrence of any Equity
Restructuring, and notwithstanding anything to the contrary in Sections 11(a) and
11(b):

(i)            The number and type of securities
subject to each outstanding Award and the exercise price or grant price thereof,
if applicable, will be proportionately and equitably adjusted. The adjustments
provided under this Section 11.1(c)(i) shall be nondiscretionary and
shall be final and binding on the affected Participant and the Company.

(ii)           The Committee shall make such
equitable adjustments, if any, as the Committee in its discretion may deem
appropriate to reflect such Equity Restructuring with respect to the aggregate
number and kind of shares that may be issued under the Plan (including, but not
limited to, adjustments of the limitations in Sections 3.1 and 3.3).

11.2   Acceleration
upon a Change of Control.   Except
as may otherwise be provided in any Award Agreement or any other written
agreement entered into by and between the Company and a Participant, if a
Change of Control occurs and a Participant’s Options, Restricted Stock or Stock
Appreciation Rights settled in stock are not converted, assumed, or replaced by
a successor, such Awards shall become fully exercisable and all forfeiture
restrictions on such Awards shall lapse; and provided such Change of Control is
a change in the ownership or effective control of the Company or in the
ownership of or a substantial portion of the assets of the Company within the
meaning of Section 409A of the Code, then all Restricted Stock Units,
Deferred Stock and Performance Stock shall become deliverable upon the Change
of Control. Upon, or in anticipation of, a Change of Control, the Committee may
in its sole discretion provide for (i) any and all Awards outstanding
hereunder to terminate at a specific time in the future and shall give each
Participant the right to exercise such Awards during a period of time as the
Committee shall determine, (ii) either the purchase of any Award for an
amount of cash equal to the amount that could have been attained upon the
exercise of such Award or realization of the Participant’s rights had such
Award been currently exercisable or payable or fully vested (and, for the
avoidance of doubt, if as of such date the Committee determines in good faith
that no amount would have been attained upon the exercise of such Award or
realization of the Participant’ s rights, then such Award may be terminated by
the Company without payment), (iii) the replacement of such Award with
other rights or property selected by the Committee in its sole discretion the
assumption of or substitution of such Award by the successor or surviving
corporation, or a parent or subsidiary thereof, with appropriate adjustments as
to the number and kind of Shares and prices, or (iv) provide for payment
of Awards in cash based on the value of Stock on the date of the Change of
Control plus reasonable interest on the Award through the date such Award would
otherwise be vested or have been paid in accordance with its original terms, if
necessary to comply with Section 409A of the Code.

11.3   No
Other Rights.   Except
as expressly provided in the Plan, no Participant shall have any rights by
reason of any subdivision or consolidation of shares of stock of any class, the
payment of any dividend, any increase or decrease in the number of shares of
stock of any class or any dissolution, liquidation, merger, or consolidation of
the Company or any other corporation. Except as expressly provided in the Plan
or pursuant to action of the Committee under the Plan, no issuance by the
Company of shares of stock of any class, or securities convertible into shares
of stock of any class, shall affect, and no adjustment by reason thereof shall
be made with respect to, the number of shares of Stock subject to an Award or
the grant or exercise price of any Award.

ARTICLE
12

ADMINISTRATION

12.1   Committee.   Unless and until the Board delegates
administration of the Plan to a Committee as set forth below, the Plan shall be
administered by the full Board, and for such purposes the term “Committee” as
used in this Plan shall be deemed to refer to the Board. The Board, at its
discretion or as 

 15
 

otherwise necessary to
comply with the requirements of Section 162(m) of the Code, Rule 16b-3
promulgated under the Exchange Act or to the extent required by any other
applicable rule or regulation, shall delegate administration of the Plan
to a Committee. The Committee shall consist solely of two or more Directors,
each of whom qualifies as (a) a Non-Employee Director and an “independent
director” under the rules of the principal securities market on which
shares of Stock are traded, and (b) an “outside director” pursuant to Code
Section 162(m) and the regulations issued thereunder. Notwithstanding
the foregoing:  (x) the full Board,
acting by a majority of its members in office, shall conduct the general
administration of the Plan with respect to all Awards granted to Directors and
for purposes of such Awards the term “Committee” as used in this Plan shall be
deemed to refer to the Board, and (y) the Committee may delegate its
authority hereunder to the extent permitted by Section 12.5. Appointment
of Committee members shall be effective upon acceptance of appointment. The
Board may abolish the Committee at any time and revest in the Board the
administration of the Plan. Committee members may resign at any time by
delivering written notice to the Board. Vacancies in the Committee may only be
filled by the Board.

12.2   Action
by the Committee.   The
Committee shall act in accordance with its charter. If the Committee does not
have a charter, the majority of the Committee shall constitute a quorum, and
the acts of a majority of the members present at any meeting at which a quorum
is present, and acts approved in writing by a majority of the Committee in lieu
of a meeting, shall be deemed the acts of the Committee. Each member of the
Committee is entitled to, in good faith, rely or act upon any report or other
information furnished to that member by any officer or other employee of the
Company or any Subsidiary, the Company’s independent certified public
accountants, or any executive compensation consultant or other professional
retained by the Company to assist in the administration of the Plan.

12.3   Authority
of Committee.   Subject
to any specific designation in the Plan, the Committee has the exclusive power,
authority and discretion to:

(a)           Designate Participants to
receive Awards;

(b)           Determine the type or types of
Awards to be granted to each Participant;

(c)           Determine the number of Awards
to be granted and the number of shares of Stock to which an Award will relate;

(d)           Determine the terms and
conditions of any Award granted pursuant to the Plan, including, but not limited
to, the exercise price, grant price, or purchase price, any restrictions or
limitations on the Award, any schedule for lapse of forfeiture restrictions or
restrictions on the exercisability of an Award, and accelerations or waivers
thereof, any provisions related to non-competition and recapture of gain on an
Award, based in each case on such considerations as the Committee in its sole
discretion determines; provided, however,
that the Committee shall not have the authority to accelerate the vesting or waive
the forfeiture of any Performance-Based Awards;

(e)           Determine whether, to what
extent, and pursuant to what circumstances an Award may be settled in, or the
exercise price of an Award may be paid in, cash, Stock, other Awards, or other
property, or an Award may be canceled, forfeited, or surrendered;

(f)            Prescribe the form of each
Award Agreement, which need not be identical for each Participant;

(g)           Decide all other matters that
must be determined in connection with an Award;

(h)           Establish, adopt, or revise
any rules and regulations as it may deem necessary or advisable to
administer the Plan;

(i)            Interpret the terms of, and
any matter arising pursuant to, the Plan or any Award Agreement; and

 16
 

(j)            Make all other decisions and
determinations that may be required pursuant to the Plan or as the Committee
deems necessary or advisable to administer the Plan.

12.4   Delegation of Authority.   To the extent permitted by applicable
law, the Committee may from time to time delegate to a committee of one or more
members of the Board or one or more officers of the Company the authority to
grant or amend Awards to Participants other than (a) senior executives of
the Company who are subject to Section 16 of the Exchange Act, (b) Covered
Employees, or (c) officers of the Company (or members of the Board) to
whom authority to grant or amend Awards has been delegated hereunder. Any
delegation hereunder shall be subject to the restrictions and limits that the
Committee specifies at the time of such delegation, and the Committee may at
any time rescind the authority so delegated or appoint a new delegatee. At all
times, the delegatee appointed under this Section 12.5 shall serve in such
capacity at the pleasure of the Committee.

12.5   Decisions
Binding.   The
Committee’s interpretation of the Plan, any Awards granted pursuant to the
Plan, any Award Agreement and all decisions and determinations by the Committee
with respect to the Plan are final, binding, and conclusive on all parties.

ARTICLE
13

EFFECTIVE AND
EXPIRATION DATE

13.1   Effective
Date.   This
Amended and Restated Plan is effective as of the date the Plan is approved by
the Company’s stockholders either:

(a)           By a majority of the votes
cast at a duly held stockholders meeting at which a quorum representing a
representing a majority of outstanding voting stock is, either in person or by
proxy, present and voting on the Plan; or

(b)           By a method and in a degree
that would be treated as adequate under Delaware law in the case of an action
requiring stockholder approval.

13.2   Expiration
Date.   The
Plan will expire on, and no Award may be granted pursuant to the Plan after,
the tenth anniversary of the Restatement Effective Date. Any Awards that are
outstanding on the tenth anniversary of the Restatement Effective Date shall
remain in force according to the terms of the Plan and the applicable Award
Agreement.

ARTICLE
14

AMENDMENT,
MODIFICATION, AND TERMINATION

14.1   Amendment,
Modification, And Termination.   Subject to Section 15.14, with the
approval of the Board, at any time and from time to time, the Committee may
terminate, amend or modify the Plan; provided,
however, that (a) to the extent necessary and desirable to
comply with any applicable law, regulation, or stock exchange rule, the Company
shall obtain stockholder approval of any Plan amendment in such a manner and to
such a degree as required, and (b) stockholder approval is required for
any amendment to the Plan that (i) increases the number of shares
available under the Plan (other than any adjustment as provided by Article 11),
(ii) permits the Committee to grant Options with an exercise price that is
below Fair Market Value on the date of grant, (iii) permits the Committee
to extend the exercise period for an Option beyond ten years from the date of
grant, or (iv) results in a material increase in benefits or a change in
eligibility requirements. Notwithstanding any provision in this Plan to the
contrary, absent approval of the stockholders of the Company, no Option may be
amended to reduce the per share exercise price of the shares subject to such
Option below the per share exercise price as of the date the Option is granted
and, except as permitted by Article 11, no Option may be granted in
exchange for, or in connection with, the cancellation or surrender of an Option
having a higher per share exercise price.

 17
 

14.2   Awards
Previously Granted.   Except
with respect to amendments made pursuant to Section 15.14, no termination,
amendment, or modification of the Plan shall adversely affect in any material
way any Award previously granted pursuant to the Plan without the prior written
consent of the Participant.

ARTICLE
15

GENERAL PROVISIONS

15.1   No
Rights to Awards.   No
Participant, employee, or other person shall have any claim to be granted any
Award pursuant to the Plan, and neither the Company nor the Committee is obligated
to treat Participants, employees, and other persons uniformly.

15.2   No
Stockholders Rights.   Except
as otherwise provided herein, a Participant shall have none of the rights of a
stockholder of the Company with respect to shares of Stock covered by an Award
unless and until the Participant becomes the record owner of such shares.

15.3   Withholding.   The Company or any Subsidiary shall
have the authority and the right to deduct or withhold, or require a
Participant to remit to the Company, an amount sufficient to satisfy federal,
state, local and foreign taxes (including the Participant’s employment tax
obligations) required by law to be withheld with respect to any taxable event
concerning a Participant arising as a result of this Plan. The Committee may in
its discretion and in satisfaction of the foregoing requirement allow a
Participant to elect to have the Company withhold shares of Stock otherwise
issuable under an Award (or allow the return of shares of Stock) having a Fair
Market Value equal to the sums required to be withheld. Notwithstanding any
other provision of the Plan, the number of shares of Stock which may be
withheld with respect to the issuance, vesting, exercise or payment of any
Award (or which may be repurchased from the Participant of such Award within
six months after such shares of Stock were acquired by the Participant from the
Company) in order to satisfy the Participant’s federal, state, local and
foreign income and payroll tax liabilities with respect to the issuance,
vesting, exercise or payment of the Award shall be limited to the number of
shares which have a Fair Market Value on the date of withholding or repurchase
equal to the aggregate amount of such liabilities based on the minimum
statutory withholding rates for federal, state, local and foreign income tax
and payroll tax purposes that are applicable to such supplemental taxable
income.

15.4   No
Right to Employment or Services.   Nothing in the Plan or any Award
Agreement shall interfere with or limit in any way the right of the Company or
any Subsidiary to terminate any Participant’s employment or services at any
time, nor confer upon any Participant any right to continue in the employ or
service of the Company or any Subsidiary.

15.5   Unfunded
Status of Awards.   The
Plan is intended to be an “unfunded” plan for incentive compensation. With
respect to any payments not yet made to a Participant pursuant to an Award,
nothing contained in the Plan or any Award Agreement shall give the Participant
any rights that are greater than those of a general creditor of the Company or
any Subsidiary.

15.6   Indemnification.   To the extent allowable pursuant to
applicable law, each member of the Committee or of the Board shall be
indemnified and held harmless by the Company from any loss, cost, liability, or
expense that may be imposed upon or reasonably incurred by such member in
connection with or resulting from any claim, action, suit, or proceeding to
which he or she may be a party or in which he or she may be involved by reason
of any action or failure to act pursuant to the Plan and against and from any
and all amounts paid by him or her in satisfaction of judgment in such action,
suit, or proceeding against him or her; provided
he or she gives the Company an opportunity, at its own expense, to handle and
defend the same before he or she undertakes to handle and defend it on his or
her own behalf. The foregoing right of indemnification shall not be exclusive
of any other rights of indemnification to which such persons may 

 18
 

be entitled pursuant to
the Company’s Certificate of Incorporation or Bylaws, as a matter of law, or
otherwise, or any power that the Company may have to indemnify them or hold
them harmless.

15.7   Relationship
to other Benefits.   No
payment pursuant to the Plan shall be taken into account in determining any
benefits pursuant to any pension, retirement, savings, profit sharing, group
insurance, welfare or other benefit plan of the Company or any Subsidiary
except to the extent otherwise expressly provided in writing in such other plan
or an agreement thereunder.

15.8   Expenses.   The expenses of administering the Plan
shall be borne by the Company and its Subsidiaries.

15.9   Titles
and Headings.   The
titles and headings of the Sections in the Plan are for convenience of
reference only and, in the event of any conflict, the text of the Plan, rather
than such titles or headings, shall control.

15.10   Fractional
Shares.   No
fractional shares of Stock shall be issued and the Committee shall determine,
in its discretion, whether cash shall be given in lieu of fractional shares or
whether such fractional shares shall be eliminated by rounding up or down as
appropriate.

15.11   Limitations Applicable to Section 16
Persons.   Notwithstanding
any other provision of the Plan, the Plan, and any Award granted or awarded to
any Participant who is then subject to Section 16 of the Exchange Act,
shall be subject to any additional limitations set forth in any applicable
exemptive rule under Section 16 of the Exchange Act (including any
amendment to Rule 16b-3 of the Exchange Act) that are requirements
for the application of such exemptive rule. To the extent permitted by applicable
law, the Plan and Awards granted or awarded hereunder shall be deemed amended
to the extent necessary to conform to such applicable exemptive rule.

15.12   Government
and Other Regulations.   The
obligation of the Company to make payment of awards in Stock or otherwise shall
be subject to all applicable laws, rules, and regulations, and to such
approvals by government agencies as may be required. The Company shall be under
no obligation to register pursuant to the Securities Act of 1933, as amended,
any of the shares of Stock paid pursuant to the Plan. If the shares paid
pursuant to the Plan may in certain circumstances be exempt from registration
pursuant to the Securities Act of 1933, as amended, the Company may restrict
the transfer of such shares in such manner as it deems advisable to ensure the
availability of any such exemption.

15.13   Governing
Law.   The
Plan and all Award Agreements shall be construed in accordance with and
governed by the laws of the State of Delaware.

15.14   Section 409A.   To the extent that the Committee
determines that any Award granted under the Plan is subject to Section 409A
of the Code, the Award Agreement evidencing such Award shall incorporate the
terms and conditions required by Section 409A of the Code. To the extent
applicable, the Plan and Award Agreements
shall be interpreted in accordance with Section 409A of the Code and
Department of Treasury regulations and other interpretive guidance issued
thereunder, including without limitation any such regulations or other guidance
that may be issued after the Restatement Effective Date. Notwithstanding any
provision of the Plan to the contrary, in the event that following the
Restatement Effective Date the Committee determines that any Award may be
subject to Section 409A of the Code and related Department of Treasury
guidance (including such Department of Treasury guidance as may be issued after
the Restatement Effective Date), the Committee may adopt such amendments to the
Plan and the applicable Award Agreement or adopt other policies and procedures
(including amendments, policies and procedures with retroactive effect), or
take any other actions, that the Committee determines are necessary or
appropriate to (a) exempt the Award from Section 409A of the Code
and/or preserve the intended tax treatment of the benefits provided with
respect to the Award, or (b) comply with the requirements of Section 409A
of the Code and related Department of Treasury guidance and thereby avoid the
application of any penalty taxes under such Section.

 19
 

*   *   *   *   *

I hereby certify that the foregoing Plan was duly
adopted by the Board of Directors of Accuride Corporation on April 26,
2007.

*   *   *   *   *

I hereby certify that the foregoing Plan was approved
by the stockholders of Accuride Corporation on June 14, 2007.

Executed on this 19th
day of June, 2007.

	
  

  	
  /s/ David K.
  Armstrong

  
	
   

  	
  Corporate
  Secretary

  
	
   

  	
   

  

 

 

 20Exhibit
10.42

WAIVER

THIS WAIVER (“Waiver”)
is made and entered into as of this 14th day of June, 2007, by and among
Averion International Corp., a Delaware corporation (formerly IT&E
International Group and referred to herein as the “Company”), and ComVest
Investment Partners II LLC, a Delaware limited liability company (the “Holder”).
Capitalized terms used herein and undefined shall have the meanings set forth
in that certain Registration Rights Agreement (defined in the Recitals below).

RECITALS:

WHEREAS, reference
is made to that certain Registration Rights Agreement dated as of November 9,
2005 (the “Registration Rights Agreement”), by and among the Company and the
Holder;

WHEREAS, the
Registration Rights Agreement affords the undersigned Holder certain rights
related to the registration of Registrable Securities of the Holder (the “Registration
Rights”);

WHEREAS, the
Company has informed the Holder that it intends to file a registration
statement on or before June 15, 2007 (the “Registration Statement”);

WHEREAS, Section 8
of the Registration Rights Agreement permits waiver or amendment of any
provision of the Registration Rights Agreement upon execution of a written
agreement by the Company and each Purchaser (as defined therein);

WHEREAS, the
undersigned Holder desires to waive such Holder’s Registration Rights with
respect to the Registration Statement;

NOW, THEREFORE, in
consideration of the foregoing recitals and the mutual agreements herein
contained and for other good and valuable consideration, the parties hereto
agree as follows:

1. WAIVER.

(a) The Holder
agrees to waive its Registration Rights contained in the Registration Rights
Agreement with respect to, and only to the extent they relate to, the
Registration Statement (as defined above);

(b) Except as
expressly set forth herein, this Waiver shall not be deemed to be a waiver,
amendment or modification of any provisions of the Registration Rights
Agreement or of any right, power or remedy of the Holder, or constitute a
waiver of any provision of the Registration Rights Agreement (except to the
extent herein set forth), or any other document, instrument and/or agreement
executed or delivered in connection therewith, in each case whether arising
before or after the date hereof or as a result of

performance hereunder or
thereunder. Except as set forth herein, the Holder reserves all rights,
remedies, powers, or privileges.

2.
CONFLICTS.  Except
as expressly set forth in this Waiver, the terms and provisions of the
Registration Rights Agreement shall continue unmodified and in full force and
effect. In the event of any conflict between this Waiver and the Registration
Rights Agreement, this Waiver shall control.

3.
GOVERNING LAW. 
This Waiver shall be governed and construed under the laws of the State
of Delaware, and shall be binding on and shall inure to the benefit of the
parties and their respective successors and permitted assigns.

4.
COUNTERPARTS. This Waiver may be executed in any number
of counterparts, each of which shall be an original, but all of which together
shall constitute one instrument.

IN WITNESS
WHEREOF, the parties hereto have executed this Waiver as of the date first set
forth above.

	
  COMPANY:

  
	
   

  
	
  Averion International Corp.

  
	
   

  
	
  By:

  	
  /s/ Christopher Codeanne

  	
   

  
	
  Name:

  	
  Christopher Codeanne

  
	
  Title:

  	
  Chief Financial Officer

  
	
   

  	
   

  
	
  HOLDER:

  
	
   

  
	
  ComVest Investment Partners II LLC

  
	
   

  
	
  By:

  	
  /s/ Michael Falk

  	
   

  
	
  Name:

  	
  Michael Falk

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