Document:

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                                                                   EXHIBIT 10.45

                           2000 EQUITY INCENTIVE PLAN

         1. PURPOSE. The purpose of this 2000 Equity Incentive Plan (the "Plan")
is to further the success of SPSS Inc., a Delaware corporation (hereinafter
called the "Company"), by attracting and retaining directors, officers, and
other key executives, employees and independent contractors of the Company and
its subsidiaries and to provide to such persons incentives and rewards relating
to the Company's business plans.

         2. DEFINITIONS. As used in this Plan in addition to the terms defined
elsewhere herein, the following terms have the following meanings when used
herein with initial capital letters:

            (a) "Appreciation Right" means a right granted pursuant to Section
5.

            (b) "Board" means the Board of Directors of the Company or, pursuant
to any delegation by the Board to the Compensation Committee pursuant to Section
11, the Compensation Committee.

            (c) "Change in Control" shall have the meaning set forth by the
Board.

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

            (e) "Common Shares" means shares of Common Stock of the Company or
any security into which such Common Shares may be changed by reason of any
transaction or event of the type referred to in Section 8.

            (f) "Compensation Committee" means a committee appointed by the
Board consisting solely of two or more Non-Employee Directors, each of whom will
be a disinterested person within the meaning of Rule 16b-3.

            (g) "Date of Grant" means the date determined in accordance with the
Board's authorization on which a grant of Option Rights or Appreciation Rights,
or a grant of Restricted Shares, becomes effective.

            (h) "Form of Appreciation Right Grant" means the form adopted by the
Board for the granting of Appreciation Rights pursuant to Section 5 hereof,
which form may be amended by the Board from time to time.

            (i) "Form of Option Right Grant" means the form adopted by the Board
for the granting of Option Rights pursuant to Section 4 hereof, which form may
be amended by the Board from time to time.

            (j) "Form of Restricted Share Grant" means the form adopted by the
Board for the transfer or issuance of Restricted Shares pursuant to Section 6
hereof, which form may be amended by the Board from time to time.

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            (k) "Incentive Stock Options" means Option Rights that are intended
to qualify as "incentive stock options" under Section 422 of the Code or any
successor provision.

            (l) "Market Value per Share", as applied to any date, means the
price per share of the Common Shares in an amount equal to the closing price of
the last sale of the Common Shares as reported by the Nasdaq National Market or
the principal securities exchange or automated quotation system on which Common
Shares were sold on the date when the Market Value per Share is to be determined
or, if the date is a date on which the Common Shares did not trade, the closing
price on the immediately preceding day on which the stock traded.

            (m) "Non-Employee Director" means a Director of the Company who is
not a full-time employee of the Company or any Subsidiary.

            (n) "Nonqualified Stock Option" means Option Rights other than
Incentive Stock Options.

            (o) "Optionee" means the optionee named in an agreement with the
Company evidencing an outstanding Option Right.

            (p) "Option Price" means the purchase price payable on exercise of
an Option Right.

            (q) "Option Right" means the right to purchase Common Shares upon
exercise of an option granted pursuant to Section 4.

            (r) "Participant" means a person who is approved by the Board to
receive benefits under this Plan and who is at the time an officer, executive,
director or other employee or independent contractor of the Company or any one
or more of its Subsidiaries, or who has agreed to commence serving in any of
such capacities.

            (s) "Restricted Shares" means Common Shares issued pursuant to
Section 6 as to which neither the substantial risk of forfeiture nor the
prohibition on transfers referred to in Section 6 has expired.

            (t) "Rule 16b-3" means rule 16b-3 promulgated under the Securities
Exchange Act of 1934 (the "Exchange Act") (or any successor rule substantially
to the same effect), as in effect from time to time.

            (u) "Spread" means the excess of the Market Value per Share of the
Common Shares on the date when the Appreciation Right is exercised, or on the
date when Option Rights are surrendered in payment of the Option Price of other
Option Rights, over the Option Price provided for in the related Option Right.

            (v) "Subsidiary" means any corporation with respect to which the
Company directly or indirectly owns stock possessing 50% or more of the voting
power as described in Section 424(f) of the Code.

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         3. SHARES AVAILABLE UNDER THE PLAN. Subject to adjustment as provided
in Section 8, the number of Common Shares that may be issued or transferred
under this Plan upon the exercise of Option Rights or Appreciation Rights or as
Restricted Shares and released from substantial risks of forfeiture thereof, may
not exceed a maximum of 500,000. Common Shares issued under this Plan may be
shares of original issuance or treasury shares or a combination of the
foregoing.

         4. OPTION RIGHTS. The Board may from time to time authorize the grant
to Participants of options to purchase Common Shares upon such terms and
conditions as it may determine in accordance with the following provisions:

            (a) Each grant will specify the number of Common Shares to which it
pertains and the term during which the rights granted thereunder will exist.

            (b) Each grant will specify an Option Price per share, which may not
be less than the Market Value per Share as of the Date of Grant.

            (c) Each grant will specify whether the Option Price is payable (i)
in cash, (ii) by the actual or constructive transfer to the Company of
nonforfeitable, unrestricted Common Shares already owned by the Optionees (or
other consideration authorized pursuant to Section 4(d)) having an actual or
constructive value as of the time of exercise as determined by the Board or in
accordance with the applicable agreement referred to in Section 4(i), equal to
the total Option Price, (iii) by having the Company reduce the number of Common
Shares distributed to the Optionee by a number of Common Shares with a Market
Value per Share, as of the date of exercise, equal to the Option Price of the
Common Shares, (iv) by deferred payment of the full purchase price of the Common
Shares from the proceeds of a sale, through a bank or broker, on the exercise
date of some or all of the Common Shares underlying the Option Right to which
such exercise relates, or (v) by a combination of such methods of payment. In
connection with a constructive transfer pursuant to Section 4(c)(ii) hereof, a
Participant may provide an attestation letter in form acceptable to the Company
requesting that the Company issue and transfer to the Participant, in full
satisfaction of such exercise, Common Shares having a value net of the exercise
price and any applicable withholding taxes.

            (d) The Board may determine, at or after the Date of Grant, that
payment of the Option Price of any option (other than an Incentive Stock Option)
may also be made in whole or in part in the form of Restricted Shares or other
Common Shares that are forfeitable or subject to restrictions on transfer, or
other Option Rights (based on the Spread on the date of exercise). Unless
otherwise determined by the Board at or after the Date or Grant whenever any
Option is exercised in whole or in part by means of any of the forms of
consideration specified in this paragraph, the Common Shares received upon the
exercise of the Option Rights will be subject to such risk of forfeiture or
restrictions on transfer as may correspond to any that apply to the
consideration surrendered, but only to the extent of (i) the number of shares
surrendered in payment of the Option Price or (ii) the Spread of any
unexercisable portion of Option Rights surrendered in payment of the Option
Price.

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            (e) Any grant may provide for deferred payment of the Option Price
from the proceeds of sale through a bank or broker on the exercise date of some
or all of the shares to which such exercise relates.

            (f) Successive grants may be made to the same Participant whether or
not any Option Rights previously granted to such Participant remain unexercised.

            (g) Each grant will specify the period or periods of continuous
service by the Optionee with the Company or any Subsidiary which is necessary
before the Option Rights or installments thereof will become exercisable and may
provide for the earlier exercise of such Option Rights in the event of a Change
in Control or other event.

            (h) Option Rights granted under this Plan may be (i) Incentive Stock
Options, (ii) Nonqualified Stock Options, or (iii) combinations of the
foregoing. An Incentive Stock Option may be granted only to a Participant who,
at the time the Incentive Stock Option is granted, is approved by the Board to
receive an Incentive Stock Option and, at the time, is an employee of the
Company or of one or more of its Subsidiaries. An Incentive Stock Option may be
granted only as permitted by the Code.

            (i) Each grant of Option Rights will be evidenced by an agreement
executed on behalf of the Company by any officer, director, or, if authorized by
the Board, employee of the Company and delivered to the Optionee and containing
such terms and provisions as the Board may approve, except that in no event will
any such agreement include any provision prohibited by the express terms of this
Plan. The agreement shall be consistent with the Form of Option Right Grant
adopted by the Board for the purpose of granting Option Rights.

         5. APPRECIATION RIGHTS. The Board may also authorize the grant to any
Optionee of Appreciation Rights in respect of Option Rights granted hereunder.
An Appreciation Right will be a right of the Optionee, exercisable by surrender
of the related Option Right or in accordance with the applicable agreement
referred to in Section 5(f), to receive from the Company an amount, as
determined by the Board, which will be expressed as a percentage of the Spread
at the time of exercise. Each such grant will be in accordance with the
following provisions.

            (a) Any grant may provide that the amount payable on exercise of an
Appreciation Right may be paid by the Company in cash, in Common Shares, or in
any combination thereof and may either grant to the Optionee or retain in the
Board the right to elect among those alternatives.

            (b) Any grant may specify that the amount payable on exercise of an
Appreciation Right may not exceed a maximum specified by the Board as of the
Date of Grant.

            (c) Any grant may specify waiting periods before exercise and
permissible exercise dates or periods and will provide that no Appreciation
Right may be exercised except at a time when the related Option Right is also
exercisable and at a time when the Spread is positive.

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            (d) Any grant may specify that such Appreciation Right may be
exercised only in the event of a Change in Control or other event.

            (e) Any grant may provide that, in the event of a Change in Control,
then any such Appreciation Right will automatically be deemed to have been
exercised by the Optionee, the related Option Right will be deemed to have been
surrendered by the Optionee and will be cancelled, and the Company forthwith
upon the consummation thereof will pay to the Optionee in cash an amount equal
to the Spread at the time of such consummation.

            (f) Each grant of Appreciation Rights will be evidenced by an
agreement executed on behalf of the Company by an officer, director, or, if
authorized by the Board, employee of the Company and delivered to and accepted
by the Optionee, which agreement will describe such Appreciation Rights,
identify the related Option Rights, state that such Appreciation Rights are
subject to all the terms and conditions of this Plan, and contain such other
terms and provisions as the Board may approve, except that in no event will such
agreement include any provision prohibited by the express terms of this Plan.
This agreement shall be consistent with the Form of Appreciation Right Grant
adopted by the Board for the purpose of granting Appreciation Rights.

         6. RESTRICTED SHARES. The Board may also authorize the issuance or
transfer of Restricted Shares to Participants in accordance with the following
provisions. Each such grant will be in accordance with the following provisions:

            (a) Each such issuance or transfer will constitute an immediate
transfer of the ownership of Common Shares to the Participant in consideration
of the performance of services, entitling such Participant to voting, dividend,
and other ownership rights, but subject to the substantial risk of forfeiture
and restrictions on transfer provided below.

            (b) Each such issuance or transfer may be made without additional
consideration.

            (c) Each such issuance or transfer will provide that the Restricted
Shares covered thereby will be subject, except (if the Board so determines) in
the event of a Change in Control or other event specified in the agreement
referred to in Section 6(e), for a period to be determined by the Board at the
Date of Grant, to a "substantial risk of forfeiture" within the meaning of
Section 83 of the Code.

            (d) Each such issuance or transfer will provide that during the
period for which such substantial risk of forfeiture is to continue, the
transferability of the Restricted Shares will be prohibited or restricted in the
manner and to the extent prescribed in or pursuant to the agreement referred to
in Section 6(e), (which restrictions may include, without limitation, rights of
repurchase or first refusal or provisions subjecting the Restricted Shares to a
continuing substantial risk of forfeiture in the hands of any transferee).

            (e) Each issuance or transfer of Restricted Shares will be evidenced
by an agreement executed on behalf of the Company by any officer, director, or,
if authorized by the Board, employee of the Company and delivered to and
accepted by the Participant and

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containing such terms and provisions as the Board may approve except that in no
event will any such agreement include any provision prohibited by the express
terms of the Plan. The agreement shall be consistent with the Form of Restricted
Share Grant adopted by the Board for the purpose of issuing Restricted Shares.
All certificates representing Restricted Shares will be held in custody by the
Company until all restrictions thereon have lapsed, together with a stock power
executed by the Participant in whose name such certificates are registered,
endorsed in blank and covering determination by the Board that an event causing
the forfeiture of the restricted Shares has occurred.

         7. TRANSFERABILITY.

            (a) No Option Right or Appreciation Right granted, issued, or
transferred under this Plan will be transferable by a Participant other than by
will or the laws of descent and distribution except (in the case of a
Participant who is not a Director or officer of the Company) to a fully
revocable trust of which the Optionee is treated as the owner for federal income
tax purposes. Option rights and Appreciation Rights will be exercisable during
the Optionee's life only by him or by his guardian or legal representative. The
Board may impose additional restrictions on transfer as well.

            (b) The Board may specify at the Date of Grant that part or all of
the Common Shares that are (i) to be issued or transferred by the Company upon
the exercise of Option Rights or Appreciation Rights or (ii) no longer subject
to the substantial risk of forfeiture and restrictions on transfer referred to
in Section 6, will be subject to further restrictions on transfer.

         8. ADJUSTMENTS. The Board may make or provide for such adjustments in
the numbers of Common Shares covered by outstanding Option Rights or
Appreciation Rights granted hereunder, in the prices per share applicable to
such Option Rights and Appreciation Rights and in the kind of shares covered
thereby, as the Board may determine is equitably required to prevent dilution or
enlargement of the rights of Participants that otherwise would result from (a)
any stock dividend, stock split, combination of shares, recapitalization, or
other change in the capital structure of the Company, (b) any merger,
consolidation, spin-off, split-off, spin-out, split-up, reorganization, partial
or complete liquidation, or other distribution of assets or issuance of rights
or warrants to purchase securities, or (c) any other corporate transaction or
event having an effect similar to any of the foregoing; provided, further,
however, that any adjustment which by reason of this Section 8 is not required
to be made currently will be carried forward and taken into account in any
subsequent adjustment. In the event of any such transaction or event, the Board
may provide in substitution for any or all outstanding awards under this Plan
such alternative consideration as it may determine to be equitable in the
circumstances and may require in connection therewith the surrender of all
awards so replaced. The Board may also make or provide for such adjustments in
the numbers of shares specified in Section 3 as the Board may determine is
appropriate to reflect any transaction or event described in this Section 8.

         9. FRACTIONAL SHARES. The Company will not be required to issue any
fractional Common Shares pursuant to this Plan. The Board may provide for the
elimination of fractions and for the settlement of fractions in cash.

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        10. WITHHOLDING TAXES. To the extent that the Company is required to
withhold federal, state, local, or foreign taxes in connection with any payment
made or benefit realized by a Participant or other person under this Plan, and
the amounts available to the Company for such withholding are insufficient, it
will be a condition to the receipt of such payment or the realization of such
benefit that the Participant or such other person make arrangements satisfactory
to the Company for payment of the balance of such taxes required to be withheld,
which arrangements may include relinquishment of a portion of such benefit.

        11. ADMINISTRATION OF THE PLAN.

            (a) This Plan will be administered by the Board, which may from time
to time delegate all or any part of its authority under this Plan to the
Compensation Committee. Appreciation Rights and Option Rights may be granted
only by the Compensation Committee.

            (b) The Board will take such actions as are required to be taken by
it hereunder, may take the actions permitted to be taken by it hereunder, and
will have the authority from time to time to interpret this Plan and to adopt,
amend, and rescind rules and regulations for implementing and administering this
Plan. All such actions will be in the sole discretion of the Board, and when
taken, will be final, conclusive, and binding. Without limiting the generality
or effect of the foregoing, the interpretation and construction by the Board of
any provision of this Plan or of any agreement, notification, or document
evidencing the grant of Option Rights, Appreciation Rights or Restricted Shares,
and any determination by the Board in its sole discretion pursuant to any
provision of this Plan or of any such agreement, notification, of document will
be final and conclusive. Without limiting the generality or effect of any
provision of the Certificate of Incorporation of the Company, no member of the
Board will be liable for any such action or determination made in good faith.

            (c) The provisions of Sections 4, 5 and 6 will be interpreted as
authorizing the Board, in taking any action under or pursuant to this Plan, to
take any action it determines in its sole discretion to be appropriate subject
only to the express limitations therein contained and no authorization in any
such Section or other provision of this Plan is intended or may be deemed to
constitute a limitation on the authority of the Board.

            (d) The existence of this Plan or any right granted or other action
taken pursuant hereto will not affect the authority of the Board or the Company
to take any other action, including in respect of the grant or award of any
option, security, or other right or benefit, whether or not authorized by this
Plan, subject only to limitations imposed by applicable law as from time to time
applicable thereto.

        12. AMENDMENTS, ETC.

            (a) This plan may be amended from time to time by the Board, but
without further approval by a majority of the stockholders of the Company
present in person or by proxy at a meeting of the Company's stockholders and
entitled to vote generally in the election of directors, or as may be otherwise
required by Rule 16b-3, no such amendment will (i) increase the maximum numbers
of Common Shares or Restricted Shares pursuant to Section 3 (except

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that adjustments and additions authorized by this Plan will not be limited by
this provision) or (ii) cause Rule 16b-3 to become inapplicable to this Plan
during any period in which the Company has any class of equity securities
registered pursuant to Section 13 or 15 of the Exchange Act. The Board may amend
the Plan to set maximum limits on the number of shares with respect to which
Appreciation Rights and Option Rights may be granted during a specified period
to any employee.

            (b) The Board may, with the concurrence of the affected Optionee,
cancel any agreement evidencing Option Rights or any other award granted under
this Plan. In the event of such cancellation, the Board may authorize the
granting of new Option Rights or other awards hereunder (which may or may not
cover the same number of Common Shares which had been the subject of the prior
award) in such manner, at such option price, and subject to such other terms
conditions and discretions as would have been applicable under this Plan had the
canceled Option Rights or other award not been granted.

            (c) In case of termination of employment by reason of death,
disability or normal or early retirement, or in the case of hardship or other
special circumstances, of a Participant who holds an Option Right or
Appreciation Right not immediately exercisable in full or any Restricted Shares
as to which the substantial risk of forfeiture or the prohibition or restriction
on transfer has not lapsed, or who holds Common Shares subject to any transfer
restriction imposed pursuant to Section 7(b), the Board may take such action as
it deems equitable in the circumstances or in the best interests of the Company
including without limitation waiving or modifying any other limitation or
requirement under any such award.

            (d) This Plan will not confer upon any Participant any right with
respect to continuance of employment or other service with the Company or any
Subsidiary, nor will it interfere in any way with any right the Company or any
Subsidiary would otherwise have to terminate or modify the terms of such
Participant's employment or other service at any time.

            (e) To the extent that any provision of this Plan would prevent any
Option Right that was intended to qualify an Incentive Stock Option from
qualifying as such, that provision will be null and void with respect to such
Option Right, but will remain in effect for other Option Rights and there will
be no further effect on any provision of this Plan.

            (f) This Plan will be governed by and constructed in accordance with
the laws of the State of Delaware without giving effect to the principles of
conflict of laws thereof. If any provision of this Plan is held to be invalid or
unenforceable, no other provision of this Plan will be affected thereby.

            (g) The Plan shall be effective upon adoption by the Board of
Directors, but the Plan shall be void unless it is approved by the Company's
stockholders within twelve (12) months after the date the Plan is adopted by the
Board of Directors. Subject to the foregoing condition, Option Rights,
Appreciation Rights and Restricted Shares may be granted pursuant to the Plan
from time to time within the period commencing upon adoption of the Plan by the
Board of Directors and ending ten (10) years after the earlier of such adoption
or the approval of the Plan by the stockholders.

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                                                                   EXHIBIT 10.46

                                    SPSS INC.
                     QUALIFIED EMPLOYEE STOCK PURCHASE PLAN
                        EFFECTIVE AS OF SEPTEMBER 1, 2000

                             SECTION 1. INTRODUCTION

         The SPSS Inc. Employee Stock Purchase Plan (the "Plan") is designed to
provide employees of SPSS Inc. ("Company") and its wholly owned subsidiaries the
opportunity to acquire shares of common stock ("Stock") of the Company on a
quarterly basis through payroll deductions at a price equal to 85% of the then
market price of the Stock. It is the intention of the Company to have the Plan
qualify as an "employee stock purchase plan" under Section 423 of the Internal
Revenue Code of 1986, as amended (the "Code"). The provisions of the Plan shall,
accordingly, be construed so as to extend and limit participation in a manner
consistent with the requirements of that section of the Code.

                          SECTION 2. ELIGIBLE EMPLOYEES

         All hourly and salaried employees are eligible to participate in the
Plan. To participate in any particular quarter, employees must be employed prior
to the end of the enrollment period for that quarter.

          SECTION 3. ELECTION TO PURCHASE STOCK AND PAYROLL DEDUCTIONS

         3.1 As of the first day of each calendar quarter, each salaried
employee may elect to have an amount deducted from his pay during the calendar
quarter equal to one, two, three, four, five, six, seven, eight, nine or ten
percent of his or her salary, bonus and commission paid during such calendar
quarter. Each eligible employee who elects to participate in the Plan (a
"Participant") shall deliver to the Company during the enrollment period a
written payroll deduction authorization on a form acceptable to the Plan
Administrator (as defined hereinafter),

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or if there is no Plan Administrator, the Administrative Committee (as defined
hereinafter), (i) giving notice of the Participant's election to have amounts
deducted from such Participant's pay which may be used by the Participant to
purchase shares of Stock under the Plan and (ii) designating an amount to be
deducted from his pay during the time the Participant is enrolled in the Plan,
which designation shall equal one, two, three, four, five, six, seven, eight,
nine or ten percent of the Participant's salary, bonus and commission. An amount
determined by multiplying the selected percentage by the Participant's salary,
bonus and commission shall be deducted from each paycheck during the calendar
quarter, so that the total deductions during the calendar quarter will equal the
withholding amount elected.

         3.2 There will be an enrollment period established by the
Administrative Committee during which eligible employees may elect to
participate in the Plan and designate the percentage of payroll deductions.
Elections may not be made or modified after the end of the enrollment period
except as provided in Sections 3.3 and 5, or as otherwise may be required by
law.

         3.3 Any eligible employee may join the Plan as of the first day of any
calendar quarter. Any Participant employee may withdraw from the Plan at any
time at any time prior to the end of a calendar quarter and receive a refund of
money deducted from the employee's salary, bonus and commission and not used for
the purchase of stock. A Participant withdrawing from the Plan may not rejoin
the Plan until the beginning of the next calendar quarter.

         3.4 No interest will be paid or accrued on any money withheld through
payroll deductions under this Plan.

         3.5 A stock purchase account shall be established for each Participant
(an "Account"), to which all payroll deductions made for that employee will be
credited. Amounts credited to

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Accounts of employees of the Company or the subsidiaries will be under the
control of the Company, may be mixed or commingled with any other funds of the
Company, may be maintained or controlled as a single fund or account, and may be
used for any corporate purpose. No interest will be paid or credited to any
Participant or any Account under the Plan.

         3.6 In the event that any law or regulation, in the opinion of counsel
for the Company, may prohibit the handling or use of all or any part of the
funds in the manner contemplated by the Plan, the Company may deal with such
funds in any lawful manner it may deem advisable, including (without limitation)
the deposit of any such funds in individual bank accounts opened for employees.

                           SECTION 4. STOCK PURCHASES

         4.1 At the beginning of each calendar quarter, a Participant shall be
granted an option to purchase a number of whole shares of Stock determined by
dividing the amount to be withheld for participation in the Plan and applied to
such calendar quarter by the option price per share for such calendar quarter.
The option price per share for each calendar quarter shall equal 85% of the
lower of (i) the closing market price for the Stock on the first trading day
after the end of the previous calendar quarter or (ii) the closing market price
for the Stock on the last trading day of such calendar quarter. Unless a
Participant withdraws from the Plan pursuant to Section 3.3, at the end of each
calendar quarter, funds deducted from a Participant's paycheck during such
quarter will be used to exercise the option.

         4.2 No fractional shares will be purchased. Any funds remaining after
purchasing the maximum number of whole shares which the Participant may purchase
based on the Participant's

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payroll deductions will be carried over the following calendar quarter if the
Participant continues to participate in the Plan or refunded if the Participant
withdraws from the Plan.

         4.3 The Company will issue to each Participant in the Participant's
name, the number of whole shares of Stock purchased for the Participant, as soon
as practicable following the date of purchase. The Participant shall be entitled
to all rights as a holder of Stock with respect to any shares issued to him or
her, including the right to vote such shares. The Participant shall not have the
rights of a stockholder with respect to shares of Stock purchased under this
Plan until such shares have actually been issued to the Participant.

         4.4 If the Company is required to obtain any governmental authority to
issue such shares of Stock, the Company will take all reasonable steps to obtain
that authority. The inability of the Company to obtain any governmental
authority considered necessary for the lawful issuance of such shares shall
relieve the Company from liability to any Participant in the Plan except to
return the amount of the balance in the Participant's Account, without interest.

         4.5 Shares issued under the Plan may be authorized and unissued shares
or shares reacquired by the Company and held as treasury shares.

         4.6 Each employee shall be responsible for the federal and state income
and social security taxes due on the 15% market discount, and the Company will
withhold from the employee's paycheck immediately following each quarterly
purchase the appropriate amount of tax according to the withholding rules then
in effect.

         4.7 Any provision of the Plan to the contrary notwithstanding, no
Participant shall be granted an option: (i) if immediately after the grant the
Participant would own shares, and/or hold outstanding options to purchase stock,
possessing 5% or more of the total combined voting

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power or value of all classes of shares of the Company or any subsidiary of the
Company; or (ii) which permits his rights to purchase shares under all employee
stock purchase plans of the Company and its subsidiaries (as defined under Code
Section 423) to accrue at a rate which exceeds $25,000 of the fair market value
of the shares (determined at the time such option is granted) for each calendar
year in which such stock option is outstanding at any time.

         4.8 The maximum number of shares which shall be made available under
the Plan shall be 100,000.

                     SECTION 5. CHANGE IN EMPLOYMENT STATUS

         5.1 Any employee whose employment terminates for any reason, other than
for cause, may elect to withdraw the aggregate amount deducted from his or her
paycheck then in the Company's possession, without interest, or may leave such
amount with the Company to fund a stock purchase at the end of the calendar
quarter. Any employee terminated for cause shall receive a refund of the amount
deducted from his or her paycheck then in the Company's possession, without
interest.

         5.2 If a participating employee dies, the amount deducted from his or
her paycheck then in the Company's possession shall be refunded to the legal
representative of the Participant, without interest.

                                SECTION 6. OTHER

         6.1 The stock purchase rights provided in the Plan shall be
nonassignable. Any attempted voluntary assignment or transfer shall be void.

         6.2 The Plan shall be administered by an Administrative Committee (the
"Administrative Committee"), the members of which shall be designated by the
Board. The

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Administrative Committee shall have the sole and absolute power and authority to
construe and interpret the Plan and adopt from time to time such rules and
regulations as it deems necessary to carry out the Plan. Determinations,
interpretations or other actions made or taken by the Administrative Committee
pursuant to the provisions of the Plan shall be final, binding and conclusive
for all purposes and upon all Participants. The Administrative Committee may
appoint a Plan Administrator (the "Plan Administrator"), who shall have the
responsibility and authority to carry out the Plan consistently with the Plan
and any rules and regulations established by the Administrative Committee.

         6.3 The Board shall have the right to terminate, suspend or modify the
Plan in any way at any time, without notice; provided, however, that, except as
otherwise explicitly set forth herein, no suspension, termination, amendment or
modification may be made which would impair the rights of a Participant under
the Plan with respect to any outstanding rights to purchase Stock without the
consent of such Participant, unless such suspension, termination, amendment or
modification is necessary to comply with any applicable law.

                        SECTION 7. NO RIGHT TO EMPLOYMENT

         Neither the adoption of the Plan nor the purchase of Stock under the
Plan shall confer upon any employee of the Company or any subsidiary corporation
any right to continued employment nor shall it interfere with the right of the
Company and its subsidiary corporations to terminate the employment of any of
their employees at any time, with or without cause.

                                      - 6 -

<PAGE>   7

                            SECTION 8. GOVERNING LAW

         The Plan and all determinations made and actions taken pursuant to the
Plan shall be construed and enforced in accordance with the laws of the State of
Illinois, without regard to its conflicts of law principles. The provisions of
the Plan shall be interpreted in a manner necessary to sustain its legality and
enforceability. The unenforceability of any provision of the Plan in a specific
situation shall not affect the enforceability of that provision in another
situation or the other provisions of the Plan.

                               SECTION 9. DISPUTES

         All disputes arising out of the interpretation or application of the
Plan shall be decided by the Administrative Committee. In the event of a dispute
with a Participant, the Administrative Committee shall provide that Participant
with a written determination within 30 days of its decision with respect to the
dispute.

                        SECTION 10. CERTAIN PARTICIPANTS

         With respect to persons subject to Section 16 of the Securities
Exchange Act of 1934 ("1934 Act"), transactions under this Plan are intended to
comply with all applicable conditions of Rule 16b-3 or any replacement rules or
regulations under the 1934 Act and, with respect to such persons, the
Administrative Committee and the Plan Administrator may take such additional
actions and/or require such additional or different agreements of such persons
(with such persons' consent) as necessary or appropriate (on the advice of
counsel to the Company) to ensure that transactions involving such persons
hereunder are exempt under Section 16 of the 1934 Act. To the extent any
provision of the Plan or action by the Administrative Committee or the Plan
Administrator fails to comply with all applicable conditions of Rule 16b-3 or
any replacement

                                      - 7 -

<PAGE>   8

rules or regulations under the 1934 Act, it shall be deemed null and void, to
the extent permitted by law and deemed advisable by the Administrative
Committee.

       SECTION 11. LIMITS ON THE NUMBER OF SECURITIES WHICH MAY BE ISSUED.

         With respect to persons subject to Section 16 of the 1934 Act, such
individuals may purchase shares of Stock with amounts deducted from their
bonuses as well as their base salary, only so long as the maximum number of
securities issuable to such individuals under this Plan shall not increase by
more than ten percent the number of shares of Stock otherwise purchasable under
the Plan.

               SECTION 12. ADJUSTMENTS ON CHANGE IN CAPITALIZATION

         The Board may make or provide for such adjustments in the numbers of
shares of Stock covered by outstanding options granted hereunder, in the prices
per share applicable to such options, and in the kind of shares covered thereby,
as the Board may determine is equitably required to prevent dilution or
enlargement of the rights of Participants that otherwise would result from (a)
any stock dividend, stock split, combination of shares, recapitalization, or
other change in the capital structure of the Company, (b) any merger,
consolidation, spin-off, split-off, spin-out, split-up, reorganization, partial
or complete liquidation, or other distribution of assets or issuance of rights
or warrants to purchase securities, or (c) any other corporate transaction or
event having an effect similar to any of the foregoing; provided, further,
however, that any adjustment which by reason of this Section 12 is not required
to be made currently will be carried forward and taken into account in any
subsequent adjustment. In the event of any such trans action or event, the Board
may provide in substitution for any or all outstanding awards under this Plan
such alternative consideration as it may determine to be equitable in the
circumstances and may require in connection therewith the surrender of all
awards so replaced. The Board may also make or provide for such adjustments in
the numbers of shares specified in Section 4.8 as the Board may determine is
appropriate to reflect any transaction or event described in this Section 12.

                                      - 8 -

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