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EXHIBIT 10.3

THE WARRANT  REPRESENTED BY THIS  CERTIFICATE  AND THE SECURITIES  ISSUABLE UPON
EXERCISE  HEREOF HAVE NOT BEEN  REGISTERED  UNDER THE SECURITIES ACT OF 1933, AS
AMENDED (THE "ACT") OR ANY STATE  SECURITIES ACT.  NEITHER THIS WARRANT NOR SUCH
SECURITIES MAY BE TRANSFERRED  EXCEPT (A) PURSUANT TO AN EFFECTIVE  REGISTRATION
STATEMENT  UNDER THE ACT AND ANY APPLICABLE  STATE  SECURITIES  LAWS OR (B) UPON
RECEIPT BY THE ISSUER OF AN OPINION OF COUNSEL SATISFACTORY TO THE ISSUER, WHICH
OPINION OF COUNSEL SHALL BE IN FORM AND CONTENT  SATISFACTORY TO THE ISSUER,  TO
THE EFFECT THAT SUCH TRANSFER IS EXEMPT FROM REGISTRATION UNDER THE ACT AND SUCH
STATE SECURITIES LAWS.

                                     WARRANT

                           TO PURCHASE COMMON STOCK OF

                           QUINTEK TECHNOLOGIES, INC.

Warrant No. ___

THIS CERTIFIES that, as of January 31, 2003, for value received,  Zubair Kazi or
his permitted assigns registered on the books of the Company (collectively,  the
"Holder"), is entitled to purchase from Quintek Technologies, Inc., a California
corporation (the "Company"), at any time, during the exercise period referred to
in Section 1 hereof, 4,500,000 shares, subject to adjustment as set forth herein
(the "Shares"),  of fully paid and  nonassessable  shares of common stock of the
Company (the "Common Stock").  The Warrant Exercise Price will be equal to $0.02
(Two Cents). This Warrant shall be exercisable only in whole, not in part.

Such share purchase shall be payable in the lawful currency of the United States
of America,  subject to adjustment as set forth herein. As used herein, the term
"Warrant" shall include any warrant or warrants  hereafter issued in consequence
of transfer of this Warrant in whole.

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<PAGE>

          1.  Exercise;  Payment  for  Ownership  Interest.  Upon the  terms and
subject to the conditions  set forth herein,  this Warrant may be exercised only
in whole by the Holder  hereof at any time on or after the date hereof and prior
to 5 p.m. New York time on July 31, 2003, by presentation  and surrender of this
Warrant to the principal offices of the Company, together with the Purchase Form
annexed hereto,  duly executed,  and accompanied by payment to the Company of an
amount equal to the Warrant Exercise Price multiplied by the number of Shares as
to which this  Warrant is then being  exercised  (the  "Purchase  Price").  Such
payment  may be  made,  at the  option  of the  Holder,  by cash,  money  order,
certified or bank cashier's check or wire transfer.

         Any  transfer  of this  Warrant  or the  Shares  obtained  by Holder in
exercise of this Warrant is subject to the limitations imposed by the Consulting
Agreement   pursuant  to  which  this  Warrant  was  initially  issued  and  the
requirement that such securities are registered on Form S-8 under the Securities
Act of 1933, as amended,  or any successor  legislation thereto (the "1933 Act")
and applicable state securities laws or is exempt from  registration  under such
laws.  The  Holder of this  Warrant  shall be deemed  to be a  shareholder  with
respect to the  Shares as to which  this  Warrant  is  exercised  in  accordance
herewith effective  immediately after the close of business on the date on which
the Holder  shall have  delivered to the Company this Warrant in proper form for
exercise and payment by certified or official bank check or wire transfer of the
cash  purchase  price for the number of Shares as to which the exercise is being
made.  Upon any exercise and  surrender  of this  Warrant,  the Company (a) will
issue and deliver to the Holder a certificate or certificates in the name of the
Holder  for the  largest  whole  number of Shares to which the  Holder  shall be
entitled  and,  in lieu of any  fractional  Share to which the Holder  otherwise
might be entitled,  cash in an amount equal to the fair value of such fractional
share  (determined  in such  reasonable  and  equitable  manner  as the Board of
Directors of the Company shall in good faith determine), and (b) will deliver to
the Holder such other  securities,  properties  and cash which the Holder may be
entitled  to receive  upon such  exercise,  pursuant to the  provisions  of this
Warrant.

          2. Anti-Dilution Provisions. The Share Price in effect at any time and
the number and kind of  securities  issuable upon exercise of this Warrant shall
be subject to adjustment  from time to time upon the happening of certain events
as follows:

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<PAGE>

              2.1 Reorganization, Reclassification,  Consolidation, Merger, Sale
         or Lease. If any capital reorganization,  reclassification or any other
         change of capital stock of the Company,  or any consolidation or merger
         of the Company with another  person,  or the sale or transfer of all or
         substantially  all of its assets to another person shall be effected in
         such a way that  holders of shares of Common Stock shall be entitled to
         receive  securities  or assets with respect to or in exchange for their
         shares of Common Stock, then provision shall be made by the Company, in
         accordance  with this  Section  2.1,  whereby the Holder  hereof  shall
         thereafter  have the right to purchase and receive,  upon the basis and
         upon the terms and conditions specified in this Warrant and in addition
         to or in  exchange  for,  as  applicable,  the  Shares  subject to this
         Warrant  immediately  theretofore  purchasable  and receivable upon the
         exercise of the rights represented hereby, such securities or assets as
         would have been issued or payable  with  respect to or in exchange  for
         the aggregate Shares immediately theretofore purchasable and receivable
         upon the exercise of the rights  represented  hereby if exercise of the
         Warrant  had  occurred   immediately  prior  to  such   reorganization,
         reclassification,  consolidation,  merger or sale. The Company will not
         effect any such consolidation,  merger,  sale, transfer or lease unless
         prior to the  consummation  thereof the successor entity (if other than
         the Company)  resulting from such consolidation or merger or the entity
         purchasing  such  assets  shall  assume by written  instrument  (i) the
         obligation  to deliver to the Holder such  securities  or assets as, in
         accordance with the foregoing provisions, the Holder may be entitled to
         purchase,  and (ii) all other  obligations  of the  Company  under this
         Warrant.  The provisions of this Section 2.1 shall  similarly  apply to
         successive consolidations,  mergers, sales, transfer, or leases. In the
         event  that in  connection  with any  such  capital  reorganization  or
         reclassification,  consolidation,  merger, sale or transfer, additional
         shares  of  Common  Stock  shall be  issued  in  exchange,  conversion,
         substitution  or  payment,  in whole or in part,  for a security of the
         Company other than Common Stock,  any such issue shall be treated as an
         issue of Common Stock covered by the provisions of Section 2.1 hereof.

              2.2 Dividends;  Distributions;  Reclassifications.  In addition to
         those adjustments set forth in Section 2.1, but without  duplication of
         the adjustments to be made under such Section, if the Company:

                           (1)      declares  or  pays a  dividend  or  makes  a
                                    distribution  on its Common  Stock in shares
                                    of its Common Stock;

                           (2)      subdivides or  reclassifies  its outstanding
                                    shares of Common Stock into a greater number
                                    of shares;

                           (3)      combines  or  reclassifies  its  outstanding
                                    shares of Common Stock into a smaller number
                                    of shares;

                           (4)      makes a distribution  on its Common Stock in
                                    shares  of  its  capital  stock  other  than
                                    Common Stock; and/or

                           (5)      issues,  by  reclassification  of its Common
                                    Stock, any shares of its capital stock;

                                       3
<PAGE>

then the number and kind of Shares  purchasable  upon  exercise of this  Warrant
shall be adjusted so that the Holder upon  exercise  hereof shall be entitled to
receive the kind and number of Shares or other  securities  of the Company  that
the Holder would have owned or have been entitled to receive after the happening
of any of the events described above had this Warrant been exercised immediately
prior to the happening of such event or any record date with respect thereto. An
adjustment made pursuant to this Section 2.2 shall become effective  immediately
after the record date in the case of a dividend or distribution and shall become
effective  immediately  after the effective  date in the case of a  subdivision,
combination or issuance.  If, as a result of an adjustment made pursuant to this
Section  2.2,  the Holder of this Warrant  thereafter  surrendered  for exercise
shall become  entitled to receive shares of two or more classes of capital stock
of the Company,  the Board of Directors (whose determination shall be conclusive
and shall be described in a written notice to all holders of Warrants within ten
(10) business days after such adjustment)  shall determine the allocation of the
adjusted Share Price between or among shares of such classes of capital stock.
         The adjustment to the number of Shares purchasable upon the exercise of
this  Warrant  described  in this  Section 2.2 shall be made each time any event
listed in paragraphs (i) through (v) of this Section 2.2 occurs.

         In the  event  that at any  time,  as a result  of an  adjustment  made
pursuant to this Section 2, the Holder of this Warrant  thereafter  shall become
entitled  to  receive  any  shares of the  Company,  other  than  Common  Stock,
thereafter  the number of such other shares so receivable  upon exercise of this
Warrant  shall be  subject  to  adjustment  from time to time in a manner and on
terms as nearly  equivalent as practicable to the provisions with respect to the
Common Stock contained in Sections 2.1 hereof.

                  2.3  Notice  of  Adjustments.  Upon  the  occurrence  of  each
         adjustment or  readjustment of the Share Price pursuant to this Section
         2, the Company at its expense will promptly  compute such adjustment or
         adjustment in  accordance  with the terms of this Warrant and prepare a
         certificate setting forth such adjustment or readjustment,  including a
         statement of the adjusted  Share Price or adjusted  number of shares of
         Common  Stock,  if  any,   issuable  upon  exercise  of  each  Warrant,
         describing the transaction  giving rise to such adjustments and showing
         in detail  the facts  upon which such  adjustment  or  readjustment  is
         based.  The  Company  will within  thirty (30) days of such  adjustment
         mail,  by  first  class  mail,  postage  prepaid,  a copy of each  such
         certificate to the Holder of this Warrant at the address of such Holder
         as shown on the books of the Company, and to its Transfer Agent.

                                       4

<PAGE>

                  2.4  DeMinimis  Limitation.  No  adjustment in the Share Price
         shall be required unless such  adjustment  would require an increase or
         decrease of at least  one-tenth cent ($0.001) in such price;  provided,
         however,  that any adjustments  which by reason of this Section 2.4 are
         not required to be made shall be carried forward and taken into account
         in  any  subsequent  adjustment  required  to be  made  hereunder.  All
         calculations  under this Section 2 shall be made to the nearest cent or
         to the nearest one-hundredth of a share, as the case may be.

         3. No Voting  Rights.  This Warrant  shall not be deemed to confer upon
the Holder any right to vote or to consent to or receive notice as a stockholder
of the  Company,  as such,  in respect of any matters  whatsoever,  or any other
rights or liabilities as a stockholder, prior to the exercise hereof.

         4.  Transfer  Restrictions.  This Warrant and all rights  hereunder are
transferable,  in whole  only,  at the  principal  offices of the Company by the
Holder  hereof,  upon  surrender of this Warrant  properly  endorsed;  provided,
however, that without the prior written consent of the Company, this Warrant and
all  rights  hereunder  may be  transferred  only (i) to a family  member of the
Holder  or if the  Holder  is not an  individual,  to  any  partner,  member  or
shareholder  of Holder;  (ii) to an  affiliate  of the  initial  Holder or to an
affiliate  of any  member,  partner  or  shareholder  of the  Holder  hereof  or
successor in interest to any such person;  or (iii) pursuant to the registration
of this Warrant or the Shares under the 1933 Act or  subsequent to one year from
the date hereof  pursuant to an exemption under Rule 144 or other exemption from
such registration.  In no event may this Warrant or the Shares be transferred to
a  transferee  that is not be eligible to receive a transfer of shares of Common
Stock.

         5. Warrants Exchangeable;  Loss, Theft, Destruction,  Etc. This Warrant
is  exchangeable,  upon  surrender  hereof by the Holder hereof at the principal
offices of the  Company,  for new  Warrants  of like tenor  representing  in the
aggregate  the right to  subscribe  for and  purchase  the  Shares  which may be
subscribed for and purchased  hereunder,  each such new Warrant to represent the
right to  subscribe  for and  purchase  such  Shares  (not to exceed the maximum
aggregate  Shares which may be purchased  hereunder)  as shall be  designated by
such  Holder  hereof at the time of such  surrender.  Upon  receipt of  evidence
satisfactory  to the Company of the loss,  theft,  destruction  or mutilation of
this  Warrant  and,  in the case of any such loss,  theft or  destruction,  upon
delivery of a bond or indemnity  satisfactory to the Company, or, in the case of
any such mutilation, upon surrender or cancellation of this Warrant, the Company
will issue to the Holder  hereof a new  Warrant of like  tenor,  in lieu of this
Warrant,  representing  the right to subscribe for and purchase the Shares which
may be subscribed for and purchased hereunder.

         6. Legends; Investment Representations.  Any certificate evidencing the
securities  issued upon exercise of this Warrant  shall,  unless the  securities
underlying this Warrant have been  registered  under the 1933 Act, bear a legend
in substantially the following form:

                                       5
<PAGE>

                  THE SECURITIES  REPRESENTED BY THIS  CERTIFICATE HAVE NOT BEEN
REGISTERED  UNDER THE  SECURITIES  ACT OF 1933,  AS AMENDED  (THE  "ACT").  SUCH
SECURITIES  MAY  NOT  BE  TRANSFERRED   EXCEPT  (A)  PURSUANT  TO  AN  EFFECTIVE
REGISTRATION STATEMENT UNDER THE ACT AND ANY APPLICABLE STATE SECURITIES LAWS OR
(B) UPON  RECEIPT BY THE ISSUER OF AN  OPINION  OF COUNSEL  SATISFACTORY  TO THE
ISSUER,  WHICH OPINION OF COUNSEL SHALL BE IN FORM AND CONTENT  SATISFACTORY  TO
THE ISSUER, TO THE EFFECT THAT SUCH TRANSFER IS EXEMPT FROM  REGISTRATION  UNDER
THE ACT AND SUCH STATE SECURITIES LAWS.

         7.  Reservation  of Shares.  The Company will  immediately,  and at all
times,  reserve and keep  available,  free from  preemptive  rights,  out of the
aggregate of its  authorized  but unissued  Common Stock or its  authorized  and
issued Common Stock held in its treasury,  solely for the purpose of enabling it
to satisfy any  obligation to issue Shares upon  exercise of this  Warrant,  the
maximum number of shares of Common Stock which may then be deliverable  upon the
exercise of this Warrant.
         The  transfer  agent for the Common  Stock (the  "Transfer  Agent") and
every  subsequent  transfer agent for any shares of the Company's  capital stock
issuable upon the exercise of any of the rights of purchase pursuant hereto will
be  irrevocably  authorized  and directed at all times to reserve such number of
authorized shares as shall be required for such purpose. The Company will keep a
copy of this Warrant on file with the Transfer  Agent and with every  subsequent
transfer  agent for any shares of the Company's  capital stock issuable upon the
exercise of the rights of purchase represented by this Warrant. The Company will
furnish  such  Transfer  Agent  a  copy  of  all  notices  of  adjustments   and
certificates  related  thereto  transmitted to the Holder  pursuant to Section 2
hereof.
         The Company covenants that all Shares which may be issued upon exercise
of this  Warrant  will,  upon  issue,  be  fully  paid,  nonassessable,  free of
preemptive rights and free from all liens and security interests with respect to
the issue thereof.
          8. Descriptive Headings and Governing Law. The descriptive headings of
the several  paragraphs of this Warrant are inserted for convenience only and do
not  constitute  a part of this  Warrant.  This Warrant  shall be construed  and
enforced  in  accordance  with the laws of  California,  and the  rights  of the
parties shall be governed by, the law of California.

         9. Subsequent  Holders.  If this Warrant is  subsequently  held by more
than one Holder,  then each holder shall be responsible for their  proportionate
share of the  obligations of the Holder  hereunder and the terms of this Warrant
shall apply proportionately to each such holder.

                              [INTENTIONALLY BLANK]

         10. Miscellaneous. The Company shall pay all expenses and other charges
payable in  connection  with the  preparation,  issuance  and  delivery  of this
Warrant and all substitute  Warrants other than as set forth in this Section 10.
The Holder shall pay all taxes in connection  with such issuance and delivery of
the Warrants and the Shares.

                                       6

<PAGE>

                  The  Company  shall  maintain,  at the office or agency of the
Company  maintained by the Company,  books for the  registration and transfer of
the Warrant.

                  IN WITNESS WHEREOF,  this Warrant Agreement has been as of the
day and year first written above.

                             QUINTEK TECHNOLOGIES, INC.

                             By: /s/ Robert Steele
                                 ---------------------------
                             Name:   Robert Steele
                             Title:  Chief Executive Officer

                                  PURCHASE FORM

                          Dated:                   , 200_
                                -------------------      ---

         The undersigned Holder hereby irrevocably elects to exercise the within
Warrant to the extent of purchasing Shares and hereby makes payment of $________
in payment of the exercise price thereof.

                                                        --------------------
                                                              (Holder)

                                       7FMC Amended and Restated Incentive Compensation and Stock Plan

 
Exhibit 10.1

 
FMC CORPORATION 
INCENTIVE COMPENSATION AND STOCK PLAN 
AMENDED AND RESTATED AS OF JANUARY 1, 2002 
 
SECTION 1.    HISTORY AND PURPOSE 
 
1.1 History.    In 1995 the Company’s stockholders approved the adoption of the FMC 1995 Stock
Option Plan and the FMC 1995 Management Incentive Plan with 3,000,000 shares of Common Stock available for issuance under the two plans combined. Effective as of February 16, 2001, the Board merged the FMC 1995 Management Incentive Plan with and
into the FMC 1995 Stock Option Plan, and the FMC 1995 Stock Option Plan was restated as provided herein, and renamed the FMC Corporation Incentive Compensation and Stock Plan. Also effective as of February 16, 2001, the Board approved an addition to
the authorization of shares available for issuance under the Plan of 800,000 shares of Common Stock, making the total shares available for issuance under the Plan 3,800,000 as of that date. 
 
In 2000, the Committee adopted the FMC Corporation Stock
Appreciation Rights and Phantom Stock Plan to provide equity-based cash compensation to foreign employees in an effort to reduce the foreign income taxes that would otherwise be payable by such foreign employees if they received traditional grants
under the Plan. The FMC Corporation Stock Appreciation Rights and Phantom Stock Plan was merged with and into the Plan effective as of February 16, 2001. 
 
In June 2001, the Company distributed substantially all of the net assets relative to its machinery business into a separate company, FMC
Technologies, Inc. (“Technologies”). Seventeen percent of FMC’s ownership in Technologies was sold to the public in June 2001, and the remainder was distributed to FMC shareholders on December 31, 2001 (the “Spin-off”). As a
result of the Spin-off, each unit of FMC Common Stock was adjusted by a factor of 1.9064045. Therefore, effective as of December 31, 2001, the total number of shares available for issuance under the Plan was adjusted to 7,244,377, in accordance with
Section 4.1 of the Plan. Similarly, the Option Price per share of Common Stock under Stock Options outstanding under the Plan as of December 31, 2001 was adjusted by a factor of .5245476. The Plan was restated as of January 1, 2002, as provided
herein, to reflect the foregoing changes. 
 
1.2 Purpose.    The purpose of the Plan is to give the Company a competitive advantage in attracting, retaining and motivating officers, employees, directors and consultants of the Company and
its Affiliates. 
 
SECTION
2.    DEFINITIONS 
 
2.1 General.    For purposes of the Plan, the following terms are defined as set forth below: 
 

	 	(a)	 	 “Affiliate” means a corporation or other entity controlled by, controlling or under common control with the Company, including, without
limitation any corporation, partnership, joint venture or other entity during any periods in which at least a fifty 

	 	 
partnership, joint venture or other entity during any period in which at least a fifty percent (50%) voting or profits interest is owned,
directly or indirectly, by the Company or any successor to the Company. 

 

	 	(b)	 	“Award” means a Management Incentive Award, Stock Option, Stock Appreciation Right, Performance Unit, Restricted Stock or other award
authorized under the Plan. 

 

	 	(c)	 	“Award Cycle” means a period of consecutive fiscal years or portions thereof designated by the Committee over which Awards are to be earned.

 

	 	(d)	 	“Board” means the Board of Directors of the Company. 

 

	 	(e)	 	“Business Unit” means a unit of the business of the Company or its Affiliates as determined by the Committee and the CEO.

 

	 	(f)	 	“Capital Employed” means operating working capital plus net property, plant and equipment. 

 

	 	(g)	 	“Cause” means (1) “Cause” as defined in any Individual Agreement to which the participant is a party, or (2) if there is no such
Individual Agreement, or, if it does not define “Cause”: (A) the participant having been convicted of, or pleading guilty or nolo contendere to, a felony under federal or state law; (B) the Willful and continued failure on the part of the
participant to substantially perform his or her employment duties in any material respect (other than such failure resulting from Disability), after a written demand for substantial performance is delivered to the participant that specifically
identifies the manner in which the Company believes the participant has failed to perform his or her duties, and after the participant has failed to resume substantial performance of his or her duties within thirty (30) days of such demand; or (C)
Willful and deliberate conduct on the part of the participant that is materially injurious to the Company or an Affiliate; or (D) prior to a Change in Control, such other events as will be determined by the Committee. The Committee will, unless
otherwise provided in an Individual Agreement with the participant, determine whether “Cause” exists. 

 

	 	(h)	 	“CEO” means the Company’s chief executive officer. 

 

	 	(i)	 	“Change in Control” and “Change in Control Price” have the meanings set forth in Sections 14.2 and 14.3,
respectively. 

 

	 	(j)	 	“Code” means the Internal Revenue Code of 1986, as amended from time to time, and any successor thereto. 

 

	 	(k)	 	“Committee” means the Compensation and Organization Committee of the Board, or such other committee as the Board may from time to time
designate. 

 

	 	(l)	 	“Common Stock” means (1) the common stock of the Company, par value $.10 per share, subject to adjustment as provided in Section 4.1
Shares Available for Issuance; or (2) if there is a merger or consolidation and the Company is not the 

 

2 

	 	 
surviving corporation, the capital stock of the surviving corporation given in exchange for such common stock of the Company.

 

	 	(m)	 	“Company” means FMC Corporation, a Delaware corporation. 

	 	

	 	(n)	 	“Covered Employee” means a participant who has received a Management Incentive Award, Restricted Stock or Performance Units, who has been
designated as such by the Committee and who is or may be a “covered employee” within the meaning of Section 162(m)(3) of the Code in the year in which the Management Incentive Award, Restricted Stock or Performance Units are expected to be
taxable to such participant. 

 

	 	(o)	 	“Disability” means, unless otherwise provided by the Committee, (1) “Disability” as defined in any Individual Agreement to which
the participant is a party, or (2) if there is no such Individual Agreement, or, if it does not define “Disability,” permanent and total disability as determined under the Company’s long-term disability plan.

 

	 	(p)	 	“Dividend Equivalent Rights” means the right to receive cash, Stock Options, Restricted Stock or Performance Units, as determined by the
Committee, in an amount equal to any dividends that would have been paid on a Stock Option, Restricted Stock or a Performance Unit, as applicable, with Dividend Equivalent Rights if such Stock Option, Restricted Stock or Performance Unit, as
applicable, was a share of Common Stock held by the participant on the dividend payment date. Unless the Committee determines that Dividend Equivalent Rights will be paid in cash as of the dividend payment date, such Dividend Equivalent Rights, once
credited, will be converted into an equivalent number of Stock Options, shares of Restricted Stock or Performance Units, as applicable; provided, however, that the number of shares subject to any Award will always be a whole number. Unless otherwise
determined by the Committee as of the dividend payment date, if a dividend is paid in cash, the number of Stock Options, shares of Restricted Stock or Performance Units into which a Dividend Equivalent Right will be converted will be calculated as
of the dividend payment date, in accordance with the following formula: 

 
(A x B)/C 
 
in which “A” equals the number of Stock Options, shares of Restricted Stock or Performance Units with Dividend Equivalent Rights held by the participant on the dividend payment date, “B” equals the cash dividend
per share and “C” equals the Fair Market Value per share of Common Stock on the dividend payment date. Unless otherwise determined by the Committee as of the dividend payment date, if a dividend is paid in property other than cash, the
number of Stock Options, shares of Restricted Stock or Performance Units, as applicable into which a Dividend Equivalent Right will be converted will be calculated, as of the dividend payment date, in accordance with the formula set forth above,
except that “B” will equal the fair market value per share of the property which the participant would 
 

3 

	 	 
have received if the Stock Option, share of Restricted Stock or Performance Unit, as applicable, with Dividend Equivalent Rights held by the
participant on the dividend payment date was a share of Common Stock. 

 

	 	(q)	 	“Effective Date” means February 16, 2001, the date the Plan was adopted by the Board. The Board’s adoption of the increase of 800,000
shares (later adjusted to be an additional 1,525,123 shares as a result of the Spin-off) of Common Stock reserved for issuance under the Plan is also effective as of February 16, 2001, 

 

	 	(r)	 	“Eligible Individuals” means officers, employees, directors and consultants of the Company or any of its Affiliates, and prospective
employees, directors and consultants who have accepted offers of employment, membership on a board or consultancy from the Company or its Affiliates, who are or will be responsible for or contribute to the management, growth or profitability of the
business of the Company or its Affiliates, as determined by the Committee. 

 

	 	(s)	 	“Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time, and any successor thereto.

 

	 	(t)	 	“Expiration Date” means the date on which an Award becomes unexercisable and/or not payable by reason of lapse of time or otherwise as
provided in Section 6.2 Expiration Date. 

 

	 	(u)	 	“Fair Market Value” means, except as otherwise provided by the Committee, as of any given date, the closing price for the shares on the New
York Stock Exchange for the specified date (as of 4:00 p.m. Eastern Standard Time or Eastern Daylight Savings Time, whichever is then in effect), or, if the shares were not traded on the New York Stock Exchange on such date, then on the next
preceding date on which the shares were traded, all as reported by such source as the Committee may select. 

 

	 	(v)	 	“Grant Date” means the date designated by the Committee as the date of grant of an Award. 

 

	 	(w)	 	“Incentive Stock Option” means any Stock Option designated as, and qualified as, an “incentive stock option” within the meaning of
Section 422 of the Code. 

 

	 	(x)	 	“Individual Agreement” means a severance, employment, consulting or similar agreement between a participant and the Company or one of its
Affiliates. 

 

	 	(y)	 	“Management Incentive Award” means an Award of cash, Common Stock, Restricted Stock or a combination of cash, Common Stock and Restricted
Stock, as determined by the Committee. 

 

	 	(z)	 	“Net Contribution” means for a Business Unit, its operating profit after-tax, less the product of (1) a percentage as determined by the
Committee; and (2) the Business Unit’s Capital Employed. 

 

4 

	 	(aa)	 	“Nonqualified Stock Option” means any Stock Option that is not an Incentive Stock Option. 

 

	 	(bb)	 	“Notice” means the written evidence of an Award granted under the Plan in such form as the Committee will from time to time determine.

 

	 	(cc)	 	“Performance Goals” means the performance goals established by the Committee in connection with the grant of Management Incentive Awards,
Restricted Stock or Performance Units as set forth in the Notice. In the case of Qualified Performance-Based Awards, Performance Goals will be set by the Committee within the time period prescribed by Section 162(m) of the Code and related
regulations, and will be based on Net Contribution, or such other performance criteria selected by the Committee, including, without limitation, the Fair Market Value of the Common Stock, the Company’s or a Business Unit’s market share,
sales, earnings, costs, productivity, return on equity or return on Capital Employed. 

 

	 	(dd)	 	“Performance Units” means an Award granted under Section 12 Performance Units. 

 

	 	(ee)	 	“Plan” means the FMC Corporation Incentive Compensation and Stock Plan, as set forth herein and as hereinafter amended from time to time.

 

	 	(ff)	 	“Qualified Performance-Based Award” means a Management Incentive Award, an Award of Restricted Stock or an Award of Performance Units
designated as such by the Committee, based upon a determination that (1) the recipient is or may be a Covered Employee; and (2) the Committee wishes such Award to qualify for the Section 162(m) Exemption.  

 

	 	(gg)	 	“Restricted Stock” means an Award granted under Section 11 Restricted Stock. 

 

	 	(hh)	 	“Section 162(m) Exemption” means the exemption from the limitation on deductibility imposed by Section 162(m) of the Code that is set forth
in Section 162(m)(4)(C) of the Code. 

 

	 	(ii)	 	“Stock Appreciation Right” means an Award granted under Section 10 Stock Appreciation Rights. 

 

	 	(jj)	 	“Stock Option” means an Award granted under Section 9 Stock Options. 

 

	 	(kk)	 	“Termination of Employment” means the termination of the participant’s employment with, or performance of services for, the Company and
any of its Affiliates. Temporary absences from employment because of illness, vacation or leave of absence and transfers among the Company and its Affiliates will not be considered Terminations of Employment. 

 

5 

 

	 	(ll)	 	“Vesting Date” means the date on which an Award becomes vested, and, if applicable, fully exercisable and/or payable by or to the participant
as provided in Section 6.3 Vesting. 

 

	 	(mm)	 	“Willful” means any action or omission by the participant that was not in good faith and without a reasonable belief that the action or
omission was in the best interests of the Company or its Affiliates. Any act or omission based upon authority given pursuant to a duly adopted resolution of the Board, or, upon the instructions of the CEO or any other senior officer of the Company,
or, based upon the advice of counsel for the Company will be conclusively presumed to be taken or omitted by the participant in good faith and in the best interests of the Company and/or its Affiliates. 

 
2.2 Other Definitions.    In
addition, certain other terms used herein have definitions given to them in the first place in which they are used. 
 
SECTION 3.    ADMINISTRATION 
 
3.1 Committee Administration.    The Committee is the administrator of the Plan. Among other things, the
Committee has the authority, subject to the terms of the Plan: 
 

	 	(a)	 	To select the Eligible Individuals to whom Awards are granted; 

 

	 	(b)	 	To determine whether and to what extent Awards are granted; 

 

	 	(c)	 	To determine the amount of each Award; 

 

	 	(d)	 	To determine the terms and conditions of any Award, including, but not limited to, the option price, any vesting condition, restriction or limitation regarding any
Award and the shares of Common Stock relating thereto, based on such factors as the Committee will determine; 

 

	 	(e)	 	To modify, amend or adjust the terms and conditions of any Award, at any time or from time to time; 

 

	 	(f)	 	To determine to what extent and under what circumstances Common Stock and other amounts payable with respect to an Award will be deferred; and

 

	 	(g)	 	To determine under what circumstances an Award may be settled in cash or Common Stock or a combination of cash and Common Stock. 

 
The Committee has the authority to adopt, alter and repeal
administrative rules, guidelines and practices governing the Plan, to interpret the terms and provisions of the Plan, any Award, any Notice and any other agreement relating to any Award and to take any action it deems appropriate for the
administration of the Plan. 
 

6 

 
3.2
Committee Action.    The Committee may act only by a majority of its members then in office unless it allocates or delegates its authority to a Committee member or other person to act on its behalf. Except to the
extent prohibited by applicable law or applicable rules of a stock exchange, the Committee may allocate all or any portion of its responsibilities and powers to any one or more of its members and may delegate all or any part of its responsibilities
and powers to any other person or persons. Any such allocation or delegation may be revoked by the Committee at any time. 
 
Any determination made by the Committee or its delegate with respect to any Award will be made in the sole discretion of the Committee or
such delegate. All decisions of the Committee or its delegate are final, conclusive and binding on all parties. 
 
3.3 Board Authority.    Any authority granted to the Committee may also be exercised by the full Board.
To the extent that any permitted action taken by the Board conflicts with action taken by the Committee, the Board action will control. 
 
SECTION 4.    SHARES 
 
4.1 Shares Available For Issuance.    The maximum number of shares of Common Stock that may be delivered
to participants and their beneficiaries under the Plan will be 7,244,337. Shares subject to an Award under the Plan may be authorized and unissued shares or may be treasury shares. 
 
For periods beginning on and after the Effective Date, the maximum number of shares of Common Stock that may
be subject to Management Incentive Awards, Restricted Stock and Performance Units is 857,882 shares of Common Stock as adjusted as a result of the Spinoff. 
 
No Award will be counted against the shares available for delivery under the Plan if the Award is payable to the participant only in the
form of cash, or if the Award is paid to the participant in cash. 
 
If any Award is forfeited, or if any Stock Option (and any related Stock Appreciation Right) terminates, expires or lapses without being exercised, or if any Stock Appreciation Right is exercised for cash, the shares of
Common Stock subject to such Awards will again be available for delivery in connection with Awards under the Plan. If the option price of any Stock Option granted under the Plan is satisfied by delivering shares of Common Stock to the Company (by
either actual delivery or by attestation), only the number of shares of Common Stock delivered to the participant, net of the shares of Common Stock delivered or attested to, will be deemed delivered for purposes of determining the maximum numbers
of shares of Common Stock available for delivery under the Plan. To the extent any shares of Common Stock subject to an Award are not delivered to a participant because such shares are used to satisfy an applicable tax-withholding obligation, such
shares will not be deemed to have been delivered for purposes of determining the maximum number of shares of Common Stock available for delivery under the Plan. 
 
In the event of any corporate event or transaction, (including, but not limited to, a change in the number of
shares of Common Stock outstanding), such as a stock split, merger, 

 

7 

consolidation, separation, including a spin-off or other distribution of stock or property of the Company, any reorganization (whether or not
such reorganization comes within the definition of such term in Section 368 of the Code) or any partial or complete liquidation of the Company, the Committee may make such substitution or adjustments in the aggregate number, kind, and price of
shares reserved for issuance under the Plan, and the maximum limitation upon any Awards to be granted to any participant, in the number, kind and price of shares subject to outstanding Awards granted under the Plan and/or such other equitable
substitution or adjustments as it may determine to be appropriate; provided, however, that the number of shares subject to any Award will always be a whole number. Such adjusted price will be used to determine the amount payable in cash or shares,
as applicable, by the Company upon the exercise of any Award. [Note that as a result of the Spin-off, for any Stock Options granted on or before December 31, 2001, the Option Prices for such Stock Options had been adjusted by a factor of .5245476
pursuant to this Section 4.1.] 
 
4.2
Individual Limits.    No participant may be granted Stock Options and Stock Appreciation Rights covering in excess of 500,000 shares of Common Stock in any calendar year, provided, however that his prohibition shall
not apply to the extent Common Stock subject to a Stock Option granted prior to December 31, 2001, when adjusted as a result of the Spin-off, exceeded 500,000 shares for an individual participant in a calendar year. The maximum aggregate amount with
respect to each Management Incentive Award, Award of performance Units or Award of Restricted Stock that may be granted, or, that may vest, as applicable, in any calendar year for any individual participant is 500,000 shares of Common Stock, or the
dollar equivalent of 500,000 shares of Common Stock, provided, however that this prohibition shall not apply to awards granted prior to December 31, 2001, to the extent that when adjusted as a result of the Spin-off, the limits in this sentence are
exceeded. 
 
SECTION
5.    ELIGIBILITY 
 
Awards may be granted under the Plan to Eligible Individuals. Incentive Stock Options may be granted only to employees of the Company and its subsidiaries or parent corporation (within the meaning of Section 424(f) of the Code).

 
SECTION 6.     TERMS AND CONDITIONS OF
AWARDS 
 
6.1
General.    Awards will be in the form and upon the terms and conditions as determined by the Committee, subject to the terms of the Plan. The Committee is authorized to grant Awards independent of, or in addition to
other Awards granted under the Plan. The terms and conditions of each Award may vary from other Awards. Awards will be evidenced by Notices, the terms and conditions of which will be consistent with the terms of the Plan and will apply only to such
Award. 
 
6.2 Expiration
Date.    Unless otherwise provided in the Notice, the Expiration Date of an Award will be the earlier of the date that is ten (10) years after the Grant Date or the date of the participant’s Termination of
Employment. 
 

8 

 
6.3
Vesting.    Each Award vests and becomes fully payable, exercisable and/or released of any restriction on the Vesting Date. The Vesting Date of each Award, as determined by the Committee, will be set forth in the
Notice. 
 
SECTION 7.    QUALIFIED
PERFORMANCE-BASED AWARDS 
 
The Committee
may designate a Management Incentive Award, or an Award of Restricted Stock or an Award of Performance Units as a Qualified Performance-Based Award, in which case, the Award is contingent upon the attainment of Performance Goals. 
 
SECTION 8.    MANAGEMENT INCENTIVE AWARDS

 
8.1 Management Incentive
Awards.    The Committee is authorized to grant Management Incentive Awards, subject to the terms of the Plan. Notices for Management Incentive Awards will indicate the Award Cycle, any applicable Performance Goals, any
applicable designation of the Award as a Qualified Performance-Based Award and the form of payment of the Award. 
 
8.2 Settlement.    As soon as practicable after the later of the Vesting Date and the date any
applicable Performance Goals are satisfied, Management Incentive Awards will be paid to the participant in cash, Common Stock, Restricted Stock or a combination of cash, Common Stock and Restricted Stock, as determined by the Committee. The number
of shares of Common Stock payable under the stock portion of a Management Incentive Award will equal the amount of such portion of the award divided by the Fair Market Value of the Common Stock on the date of payment. 
 
SECTION 9.    STOCK OPTIONS 
 
9.1 Stock Options.    The
Committee is authorized to grant Stock Options, including both Incentive Stock Options and Nonqualified Stock Options, subject to the terms of the Plan. Notices will indicate whether the Stock Option is intended to be an Incentive Stock Option or a
Nonqualified Stock Option, the option price, the term and the number of shares to which it pertains. To the extent that any Stock Option is not designated as an Incentive Stock Option, or, even if so designated does not qualify as an Incentive Stock
Option on or subsequent to its Grant Date, it will constitute a Nonqualified Stock Option. 
 
9.2 Option Price.    The option price per share of Common Stock purchasable under a Stock Option will be determined by the Committee and will not be less than
the Fair Market Value of the Common Stock subject to the Stock Option on the Grant Date. 
 
9.3 Incentive Stock Options.    The terms of the Plan addressing Incentive Stock Options and each Incentive Stock Option will be interpreted in a manner
consistent with Section 422 of the Code and all valid regulations issued thereunder. 
 
9.4 Exercise.    Stock Options will be exercisable at such time or times and subject to the terms and conditions set forth in the Notice. A participant can
exercise a Stock Option, in 
 

9 

whole or in part, at any time on or after the Vesting Date and before the Expiration Date by giving written notice of exercise to the Company
specifying the number of shares of Common Stock subject to the Stock Option to be purchased. Such notice will be accompanied by payment in full to the Company of the option price by certified or bank check or such other cash equivalent instrument as
the Company may accept. If approved by the Committee, payment in full or in part may also be made in the form of Common Stock (by delivery of such shares or by attestation) already owned by the optionee of the same class as the Common Stock subject
to the Stock Option, based on the Fair Market Value of the Common Stock on the date the Stock Option is exercised. Notwithstanding the foregoing, the right to make payment in the form of already owned shares of Common Stock applies only to shares
that have been held by the optionee for at least six (6) months at the time of exercise or that were purchased on the open market. 
 
If approved by the Committee, payment in full or in part may also be made by delivering a properly executed exercise notice to the
Company, together with a copy of irrevocable instructions to a broker to deliver promptly to the Company the amount of sale or broker loan proceeds necessary to pay the option price, and, if requested, by the amount of any federal, state, local or
foreign withholding taxes. To facilitate the foregoing, the Company may enter into agreements for coordinated procedures with one or more brokerage firms, but any loans by a broker in connection with an exercise shall be arranged between the broker
and the employee, and not by the Company. 
 
9.5
Settlement.    As soon as practicable after the exercise of a Stock Option, the Company will deliver to or on behalf of the optionee certificates of Common Stock for the number of shares purchased. No shares of Common
Stock will be issued until full payment therefor has been made. Except as otherwise provided in Section 9.8 Deferral of Stock Options Shares below, an optionee will have all of the rights of a stockholder of the Company holding Common Stock,
including, but not limited to, the right to vote the shares and the right to receive dividends, when the optionee has given written notice of exercise, has paid in full for such shares and, if requested, has given the representation described in
Section 18 General Provisions. The Committee may give optionees Dividend Equivalent Rights. 
 
9.6 Nontransferability.    No Stock Option will be transferable by the optionee other than by
will or by the laws of descent and distribution. All Stock Options will be exercisable, subject to the terms of the Plan, only by the optionee, the guardian or legal representative of the optionee, or any person to whom such Stock Option is
transferred pursuant to this paragraph, it being understood that the term “holder” and “optionee” include such guardian, legal representative and other transferee. No Stock Option will be subject to execution, attachment or other
similar process. 
 
Notwithstanding anything herein
to the contrary, the Committee may permit a participant at any time prior to his or her death to assign all or any portion without consideration therefor of a Nonqualified Stock Option to: 
 

	 	(a)	 	The participant’s spouse or lineal descendants; 

 

10 

 

	 	(b)	 	The trustee of a trust for the primary benefit of the participant and his or her spouse or lineal descendants, or any combination thereof;

 

	 	(c)	 	A partnership of which the participant, his or her spouse and/or lineal descendants are the only partners; 

 

	 	(d)	 	Custodianships under the Uniform Transfers to Minors Act or any other similar statute; or 

 

	 	(e)	 	Upon the termination of a trust by the custodian or trustee thereof, or the dissolution or other termination of the family partnership or the termination of a
custodianship under the Uniform Transfers to Minor Act or any other similar statute, to the person or persons who, in accordance with the terms of such trust, partnership or custodianship are entitled to receive the Nonqualified Stock Option held in
trust, partnership or custody. 

 
In such event, the
spouse, lineal descendant, trustee, partnership or custodianship will be entitled to all of the participant’s rights with respect to the assigned portion of the Nonqualified Stock Option, and such portion will continue to be subject to all of
the terms, conditions and restrictions applicable to the Nonqualified Stock Option. 
 
9.7 Cashing Out.    On receipt of written notice of exercise, the Committee may elect to cash out all or part of the portion of the shares of Common Stock for
which a Stock Option is being exercised by paying the optionee an amount, in cash or Common Stock, equal to the excess of the Fair Market Value of the Common Stock over the option price times the number of shares of Common Stock for which the Stock
Option is being exercised on the effective date of such cash-out. In addition, notwithstanding any other provision of the Plan, the Committee, either on the Grant Date or thereafter, may give a participant the right to voluntarily cash-out the
participant’s outstanding Stock Options, whether or not then vested, during the sixty (60)-day period following a Change in Control. A participant who has such a cash-out right and elects to cash-out Stock Options may do so during the sixty
(60)-day period following a Change in Control by giving notice to the Company to elect to surrender all or part of the Stock Option to the Company and to receive cash, within thirty (30) days of such election, in an amount equal to the amount by
which the Change in Control Price per share of Common Stock on the date of such election exceeds the exercise price per share of Common Stock under the Stock Option multiplied by the number of shares of Common Stock granted under the Stock Option as
to which this cash-out right is exercised. Notwithstanding the foregoing, if any cash-out right would make a Change in Control transaction ineligible for pooling-of-interests accounting, the Committee may eliminate or modify such cash-out right.

 
9.8 Deferral of Stock Option
Shares.    The Committee may from time to time establish procedures pursuant to which an optionee may elect to defer, until a time or times later than the exercise of a Stock Option, receipt of all or a portion of the
shares of Common Stock subject to such Stock Option and/or to receive cash at such later time or times in lieu of such deferred shares, all on such terms and conditions as the Committee will determine. If any such deferrals are permitted, an
optionee who elects such deferral will not have any rights as a 

 

11 

stockholder with respect to such deferred shares unless and until shares are actually delivered to the
optionee with respect thereto, except to the extent otherwise determined by the Committee. 
 
SECTION 10.    STOCK APPRECIATION RIGHTS 
 
10.1 Stock Appreciation Rights.    The Committee is authorized to grant Stock Appreciation Rights,
subject to the terms of the Plan. Stock Appreciation Rights granted with a Nonqualified Stock Option may be granted either on or after the Grant Date. Stock Appreciation Rights granted with an Incentive Stock Option may be granted only on the Grant
Date of such Stock Option. Notices of Stock Appreciation Rights granted with Stock Options may be incorporated into the Notice of the Stock Option. Notices of Stock Appreciation Rights will indicate whether the Stock Appreciation Right is
independent of any Award or granted with a Stock Option, the price, the term, the method of exercise and the form of payment. 
 
10.2 Exercise.    A participant can exercise Stock Appreciation Rights, in whole or in part, at any time
after the Vesting Date and before the Expiration Date, or, with respect to Stock Appreciation Rights granted in connection with any Stock Option, at such time or times and to the extent that the Stock Options to which they relate are exercisable, by
giving written notice of exercise to the Company specifying the number of Stock Appreciation Rights to be exercised. A Stock Appreciation Right granted with a Stock Option may be exercised by an optionee by surrendering any applicable portion of the
related Stock Option in accordance with procedures established by the Committee. To the extent provided by the Committee, Stock Options which have been so surrendered will no longer be exercisable to the extent the related Stock Appreciation Rights
have been exercised. 
 
10.3
Settlement.    As soon as practicable after the exercise of a Stock Appreciation Right, an optionee will be entitled to receive an amount in cash, shares of Common Stock or a combination of cash and shares of Common
Stock, as determined by the Committee, in value equal to the excess of the Fair Market Value on the date of exercise of one share of Common Stock over the Stock Appreciation Right price per share multiplied by the number of shares in respect of
which the Stock Appreciation Right is being exercised. Upon the exercise of a Stock Appreciation Right granted with any Stock Option, the Stock Option or part thereof to which such Stock Appreciation Right is related will be deemed to have been
exercised for the purpose of the limitation set forth in Section 4 Shares on the number of shares of Common Stock to be issued under the Plan, but only to the extent of the number of shares delivered upon the exercise of the Stock
Appreciation Right. 
 
10.4
Nontransferability.    Stock Appreciation Rights will be transferable only to the extent they are granted with any Stock Option, and only to permitted transferees of such underlying Stock Option in accordance with the
Nontransferability provisions of Section 9. 
 
SECTION
11. RESTRICTED STOCK  
 
11.1
Restricted Stock.    The Committee is authorized to grant Restricted Stock, subject to the terms of the Plan. Notices for Restricted Stock may be in the form of a Notice and book-entry registration or issuance of one
or more stock certificates. Any certificate issued in respect 
 

12 

of shares of Restricted Stock will be registered in the name of such participant and will bear an
appropriate legend referring to the terms, conditions, and restrictions applicable to such Award, substantially in the following form: 
 
“The transferability of this certificate and the shares of stock represented hereby are subject to the terms and conditions,
including, but not limited to, forfeiture of the FMC Corporation Incentive Compensation and Stock Plan and a Restricted Stock Notice. Copies of such Plan and Notice are on file at the offices of FMC Corporation.” 
 
The Committee may require that the certificates evidencing
such shares be held in custody by the Company until the restrictions thereon will have lapsed and that, as a condition of any Award of Restricted Stock, the participant will have delivered a stock power, endorsed in blank, relating to the Common
Stock covered by such Award. The Notice or certificates will indicate any applicable Performance Goals, any applicable designation of the Restricted Stock as a Qualified Performance-Based Award and the form of payment. 
 
11.2 Participant
Rights.    Subject to the terms of the Plan and the Notice or certificate of Restricted Stock, the participant will not be permitted to sell, assign, transfer, pledge or otherwise encumber shares of Restricted Stock until
the later of the Vesting Date and the date any applicable Performance Goals are satisfied. Notwithstanding the foregoing, a participant may pledge Restricted Stock as security for a loan to obtain funds to pay the option price for Stock Options.
Except as provided in the Plan and the Notice or certificate of the Restricted Stock, the participant will have, with respect to the shares of Restricted Stock, all of the rights of a stockholder of the Company holding Common Stock, including, but
not limited to, the right to vote the shares and Dividend Equivalent Rights, if so granted. 
 
11.3 Settlement.    As soon as practicable after the later of the Vesting Date and the date any applicable Performance Goals are satisfied and prior to the Expiration
Date, unlegended certificates for such shares of Common Stock will be delivered to the participant upon surrender of any legended certificates, if applicable. 
 
SECTION 12. PERFORMANCE UNITS 
 
12.1 Performance Units.    The Committee is authorized to grant Performance Units, subject to the
terms of the Plan. Notices of Performance Units will indicate any applicable Performance Goals, any applicable designation of the Award as a Qualified Performance-Based Award and the form of payment. 
 
12.2 Settlement.    As soon
as practicable after the later of the Vesting Date and the date any applicable Performance Goals are satisfied, Performance Units will be paid in the manner as provided in the Notice. Payment of Performance Units will be made in an amount of cash
equal to the Fair Market Value of one share of Common Stock multiplied by the number of Performance Units earned or, if applicable, in a number of shares of Common Stock equal to the number of Performance Units earned, each as determined by the
Committee. The Committee may at or after the Grant Date give the participant a right to defer receipt of cash or shares in settlement of Performance Units for a specified period or until a specified event. Subject to any 

 

13 

exceptions adopted by the Committee, an election by a participant to defer must be made before the
commencement of the Award Cycle for the Performance Units. 
 
SECTION 13. OTHER AWARDS 
 
The Committee is authorized to make, either alone or in conjunction with other Awards, Awards of cash or Common Stock and Awards that are valued in whole or in part by reference to, or are otherwise based upon, Common Stock,
including, without limitation, convertible debentures. 
 
SECTION 14. CHANGE IN CONTROL 
 
14.1 Impact of Change in Control.    Notwithstanding any other provision of the Plan to the contrary, in the event of a Change in Control, as of the date such Change in Control is determined
to have occurred, any outstanding: 
 

	 	(a)	 	Stock Options and Stock Appreciation Rights become fully exercisable and vested to the full extent of the original grant; 

 

	 	(b)	 	Restricted Stock becomes free of all restrictions and deferral limitations and becomes fully vested and transferable to the full extent of all or a portion of the
maximum amount of the original grant as provided in the Notice, or, if not provided in the Notice, as determined by the Committee; 

 

	 	(c)	 	Performance Units are considered earned and payable to the full extent of all or a portion of the maximum amount of the original grant as provided in the Notice, or,
if not provided in the Notice, as determined by the Committee, any deferral or other restrictions lapse and such Performance Units will be settled in cash or Common Stock, as determined by the Committee, as promptly as is practicable following the
Change in Control; and 

 

	 	(d)	 	Management Incentive Awards become fully vested to the full extent of all or a portion of the maximum amount of the original grant as provided in the Notice, or, if
not provided in the Notice, as determined by the Committee, and such Management Incentive Awards will be settled in cash or Common Stock, as determined by the Committee, as promptly as is practicable following the Change in Control.

 
The Committee may also make
additional substitutions, adjustments and/or settlements of outstanding Awards as it deems appropriate and consistent with the Plan’s purposes. 
 
14.2 Definition of Change in Control.    For purposes of the Plan, a “Change in Control” will
mean the happening of any of the following events: 
 

	 	(a)	 	An acquisition by any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Exchange Act) (a “Person”) of beneficial
ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 

 

14 

	 	 
twenty percent (20%) or more of either (1) the then outstanding shares of common stock of the Company (the “Outstanding Company Common
Stock”) or (2) the combined voting power of the then outstanding voting securities of the Company entitled to vote generally in the election of directors (the “Outstanding Company Voting Securities”); excluding, however, the
following: (A) any acquisition directly from the Company, other than an acquisition by virtue of the exercise of a conversion privilege unless the security being so converted was itself acquired directly from the Company, (B) any acquisition by the
Company, (C) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any entity controlled by the Company, or (D) any acquisition pursuant to a transaction which complies with Subsections (1), (2)
and (3) of Subsection (c) of this Section 14.2; 

 

	 	(b)	 	A change in the composition of the Board such that the individuals who, as of the Effective Date, constitute the Board (such Board will be hereinafter referred to as
the “Incumbent Board”) cease for any reason to constitute at least a majority of the Board; provided, however, for purposes of this Section 14.2, that any individual who becomes a member of the Board subsequent to the Effective Date, whose
election, or nomination for election by the Company’s stockholders, was approved by a vote of at least a majority of those individuals who are members of the Board and who were also members of the Incumbent Board (or deemed to be such pursuant
to this proviso) will be considered as though such individual were a member of the Incumbent Board; but, provided further, that any such individual whose initial assumption of office occurs as a result of either an actual or threatened election
contest (as such terms are used in Rule 14a-11 of Regulation 14A promulgated under the Exchange Act) or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board will not be so considered as a
member of the Incumbent Board; 

 

	 	(c)	 	 Consummation of a reorganization, merger or consolidation, sale or other disposition of all or substantially all of the assets of the Company, or acquisition by
the Company of the assets or stock of another entity (“Corporate Transaction”); excluding, however, such a Corporate Transaction pursuant to which (1) all or substantially all of the individuals and entities who are the beneficial owners,
respectively, of the Outstanding Company Common Stock and Outstanding Company Voting Securities immediately prior to such Corporate Transaction will beneficially own, directly or indirectly, more than sixty percent (60%) of, respectively, the
outstanding shares of common stock, and the combined voting power of the then outstanding voting securities entitled to vote generally in the election of directors, as the case may be, of the corporation resulting from such Corporate Transaction
(including, without limitation, a corporation which as a result of such transaction owns the Company or all or substantially all of the Company’s assets either directly or through one or more subsidiaries) in substantially the same proportions
as their ownership, immediately prior to such Corporate Transaction, of the Outstanding Company Common Stock and Outstanding Company Voting Securities, as the case may be, (2) no Person (other than the Company, any employee benefit plan (or related

 

15 

	 	 
trust) of the Company or such corporation resulting from such Corporate Transaction) will beneficially own, directly or indirectly, twenty
percent (20%) or more of, respectively, the outstanding shares of common stock of the corporation resulting from such Corporate Transaction or the combined voting power of the outstanding voting securities of such corporation entitled to vote
generally in the election of directors except to the extent that such ownership existed prior to the Corporate Transaction, and (3) individuals who were members of the Incumbent Board will constitute at least a majority of the members of the board
of directors of the corporation resulting from such Corporate Transaction; or 

 

	 	(d)	 	The approval by the stockholders of the Company of a complete liquidation or dissolution of the Company. 

 
14.3 Change in Control
Price.    For purposes of the Plan, “Change in Control Price” means the higher of (a) the highest reported sales price, regular way, of a share of Common Stock in any transaction reported on the New York Stock
Exchange or other national exchange on which such shares are listed during the sixty (60)-day period prior to and including the date of a Change in Control; or (b) if the Change in Control is the result of a tender or exchange offer or a Corporate
Transaction, the highest price per share of Common Stock paid in such tender or exchange offer or Corporate Transaction; provided, however, that in the case of Incentive Stock Options and Stock Appreciation Rights relating to Incentive Stock
Options, the Change in Control Price will be in all cases the Fair Market Value of the Common Stock on the date such Incentive Stock Option or Stock Appreciation Right is exercised. To the extent that the consideration paid in any such transaction
described above consists all or in part of securities or other noncash consideration, the value of such securities or other noncash consideration will be determined by the Committee. 
 
SECTION 15.    FORFEITURE OF AWARDS 
 
Notwithstanding anything in the Plan to the contrary, the
Committee may, in the event of serious misconduct by a participant (including, without limitation, any misconduct prejudicial to or in conflict with the Company or its Affiliates, or any Termination of Employment for Cause), or any activity of a
participant in competition with the business of the Company or any Affiliate, (a) cancel any outstanding Award granted to such participant, in whole or in part, whether or not vested or deferred, and/or (b) if such conduct or activity occurs within
one year following the exercise or payment of an Award, require such participant to repay to the Company any gain realized or payment received upon the exercise or payment of such Award (with such gain or payment valued as of the date of exercise or
payment). Such cancellation or repayment obligation will be effective as of the date specified by the Committee. Any repayment obligation may be satisfied in Common Stock or cash or a combination thereof (based upon the Fair Market Value of Common
Stock on the day of payment), and the Committee may provide for an offset to any future payments owed by the Company or any Affiliate to the participant if necessary to satisfy the repayment obligation. The determination of whether a participant has
engaged in a serious breach of conduct or any activity in competition with the business of the Company or any Affiliate will be made by the Committee in good faith. This Section 15 will have no application following a Change in Control.

 

16 

 
SECTION
16.     AMENDMENT AND TERMINATION 
 
The Committee may amend, alter, or discontinue the Plan or any Award, prospectively or retroactively, but no amendment, alteration or discontinuation may impair the rights of a recipient of any Award without the recipient’s
consent, except such an amendment made to comply with applicable law, stock exchange rules or accounting rules. 
 
No amendment will be made without the approval of the Company’s stockholders to the extent such approval is required by applicable
law or stock exchange rules, or, to the extent such amendment increases the number of shares available for delivery under the Plan, or changes the option price after the Grant Date. 
 
SECTION 17.     UNFUNDED STATUS OF PLAN 
 
It is presently intended that the Plan constitute an
“unfunded” plan for incentive and deferred compensation. The Committee may authorize the creation of trusts or other arrangements to meet the obligations created under the Plan to deliver Common Stock or make payments; provided, however,
that unless the Committee otherwise determines, the existence of such trusts or other arrangements is consistent with the “unfunded” status of the Plan. 
 
SECTION 18.     GENERAL PLAN PROVISIONS 
 
18.1 General
Provisions.    The Plan will be administered in accordance with the following provisions and any other rule, guideline and practice determined by the Committee: 
 

	 	(a)	 	Each person purchasing or receiving shares pursuant to an Award may be required to represent to and agree with the Company in writing that he or she is acquiring the
shares without a view to the distribution of the shares. 

 

	 	(b)	 	The certificates for shares issued under an Award may include any legend which the Committee deems appropriate to reflect any restrictions on transfer.

 

	 	(c)	 	Notwithstanding any other provision of the Plan, any Award, any Notice or any other agreements made pursuant thereto, the Company is not required to issue or deliver
any shares of Common Stock prior to fulfillment of all of the following conditions: 

 

	 	(i)	 	Listing or approval for listing upon notice of issuance, of such shares on the New York Stock Exchange, Inc., or such other securities exchange as may at the time be
the principal market for the Common Stock; 

 

	 	(ii)	 	Any registration or other qualification of such shares of the Company under any state or federal law or regulation, or the maintaining in effect of any such
registration or other qualification which the Committee deems necessary or advisable; and 

 

17 

 

	 	(iii)	 	Obtaining any other consent, approval, or permit from any state or federal governmental agency which the Committee deems necessary or advisable.

 

	 	(d)	 	The Company will not issue fractions of shares. Whenever, under the terms of the Plan, a fractional share would otherwise be required to be issued, the participant
will be paid at Fair Market Value for such fractional share by rounding down the number of shares received to the nearest whole number and paying in cash the value of the fractional share. 

 

	 	(e)	 	In the case of a grant of an Award to any Eligible Individual of an Affiliate of the Company, the Company may, if the Committee so directs, issue or transfer the
shares of Common Stock, if any, covered by the Award to the Affiliate, for such lawful consideration as the Committee may specify, upon the condition or understanding that the Affiliate will transfer the shares of Common Stock to the Eligible
Individual in accordance with the terms of the Award specified by the Committee pursuant to the provisions of the Plan. All shares of Common Stock underlying Awards that are forfeited or canceled revert to the Company. 

 
18.2 Employment.    The Plan
will not constitute a contract of employment, and adoption of the Plan will not confer upon any employee any right to continued employment, nor will it interfere in any way with the right of the Company or an Affiliate to terminate at any time the
employment of any employee or the membership of any director on a board of directors or any consulting arrangement with any Eligible Individual. 
 
18.3 Tax Withholding Obligations.    No later than the date as of which an amount first becomes
includible in the gross income of the participant for federal income tax purposes with respect to any Award under the Plan, the participant will pay to the Company, or make arrangements satisfactory to the Company regarding the payment of, any
federal, state, local or foreign taxes of any kind required by law to be withheld with respect to such amount. Unless otherwise determined by the Company, withholding obligations may be settled with Common Stock, including Common Stock that is part
of the Award that gives rise to the withholding requirement; provided, that not more than the legally required minimum withholding may be settled with Common Stock. The obligations of the Company under the Plan will be conditional on such payment or
arrangements, and the Company and its Affiliates will, to the extent permitted by law, have the right to deduct any such taxes from any payment otherwise due to the participant. The Committee may establish such procedures as it deems appropriate,
including making irrevocable elections, for the settlement of withholding obligations with Common Stock. 
 
18.4 Beneficiaries.    The Committee will establish such procedures as it deems appropriate for a
participant to designate a beneficiary to whom any amounts payable in the event of the participant’s death are to be paid or by whom any rights of the participant, after the participant’s death, may be exercised. 
 
18.5 Governing Law.    The
Plan and all Awards made and actions taken thereunder will be governed by and construed in accordance with the laws of the State of Delaware, without reference to principles of conflict of laws. Notwithstanding anything herein to the contrary, in
the event an Award is granted to Eligible Individual who is employed or providing services outside 

 

18 

the United States and who is not compensated from a payroll maintained in the United States, the Committee may modify the provisions of the
Plan and/or any such Award as they pertain to such individual to comply with and account for the tax and accounting rules of the applicable foreign law so as to maintain the benefit intended to be provided to such participant under the Award.

 
18.6
Nontransferability.    Except as otherwise provided in Section 9 Stock Options and Section 10 Stock Appreciation Rights, or by the Committee, Awards under the Plan are not transferable except by will or
by laws of descent and distribution. 
 
18.7
Severability.    Wherever possible, each provision of the Plan and of each Award and of each Notice will be interpreted in such a manner as to be effective and valid under applicable law. If any provision of the Plan,
any Award or any Notice is found to be prohibited by or invalid under applicable law, then (a) such provision will be deemed amended to and to have contained from the outset such language as will be necessary to accomplish the objectives of the
provision as originally written to the fullest extent permitted by law; and (b) all other provisions of the Plan and any Award will remain in full force and effect. 
 
18.8 Strict Construction.    No rule of strict construction will be applied
against the Company, the Committee or any other person in the interpretation of the terms of the Plan, any Award, any Notice, any other agreement or any rule or procedure established by the Committee. 
 
18.9 Stockholder
Rights.    Except as otherwise provided herein, no participant will have dividend, voting or other stockholder rights by reason of a grant of an Award or a settlement of an Award in cash. 
 

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