Document:

EXHIBIT 10.22

AMENDMENT NUMBER 13 TO THE
TEXAS REGIONAL BANCSHARES, INC.
EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISIONS)

   Texas Regional Bancshares, Inc., a corporation organized and operating under
the laws of the State of Texas, and registered as a bank holding company under
the Bank Holding Company Act of 1956, as amended (the "Corporation"), hereby
adopts the following amendments to the Texas Regional Bancshares, Inc. Employee
Stock Ownership Plan (with 401(k) provisions) (the "Plan"), effective as of
April 1, 2000:

   WHEREAS, the Plan is a stock bonus plan and also has a cash or deferred
arrangement ("CODA") that is qualified under Internal Revenue Code section
401(k); and

   WHEREAS, the Plan currently requires that an employee complete one (1) year
of service with the Corporation and/or certain other corporations that have been
merged with or acquired by the Corporation prior to being eligible to
participate in both the stock bonus portion of the Plan and the CODA; and

   WHEREAS, the Board of Directors of the Corporation has determined that it is
in the best interest of the participants and beneficiaries of the Plan to reduce
the service requirement for eligibility to participate in the CODA from one (1)
year of service to three (3) months of service;

   NOW THEREFORE, IT IS HEREBY AGREED THAT the Texas Regional Bancshares, Inc.
Employee Stock Ownership Plan (with 401(k) provisions) (the "Plan"), is hereby
amended effective as of April 1, 2000 (the "Effective Date"), as follows:

   1. AMENDMENT RELATED TO ELIGIBILITY TO PARTICIPATE IN CODA. Section 3(a) of
the Plan is hereby amended in its entirety to state as follows:

      All Employees who are currently participating in the Texas Regional
      Bancshares, Inc. Employee Stock Ownership Plan (with 401(k) Provisions) as
      of the Effective Date shall continue to participate in the Plan. Each
      other Employee, who has attained age twenty-one (21) shall become a
      Participant in the 401(k) and 401(m) provisions of the Plan and shall be
      eligible to make Salary Reduction Contributions and receive Employer
      Discretionary Matching Contributions to the Plan on the first day of the
      calendar month following his completion of three (3) consecutive months of
      Service in which he is credited with at least 250 Hours of Service.
      Additionally, each other Employee shall become eligible to begin receiving
      Employer Discretionary Basic Contributions and Employer Discretionary
      Optional Contributions on the January 1st or July 1st, whichever the case
      may be, following his initial date of Service (the date an Employee is
      first credited with an Hour of Service), provided that the Employee has
      attained age twenty-one (21) and completed twelve (12) consecutive months
      of Service in which he is credited with at least 1000 Hours of Service
      during an eligibility computation period. For this purpose, the initial
      eligibility computation period shall be the period of twelve (12)
      consecutive months beginning on the Employee's initial date of Service and
      thereafter shall be any twelve (12) consecutive month period commencing on
      January 1st and July 1st subsequent to his initial date of Service. Each
      succeeding eligibility computation period will begin with the Plan Year
      which includes the first anniversary of an Employee's employment
      commencement date, in which case an Employee will be credited with a year
      of eligibility Service in each computation period that he completes at
      least 1000 Hours of Service.

   2. AMENDMENT RELATED TO ELIGIBILITY TO PARTICIPATE IN EMPLOYER
DISCRETIONARY MATCHING CONTRIBUTIONS. Section 3(b) of the Plan is hereby amended
in its entirety to state as follows:

      A Participant is generally entitled to share in the allocations of
      Employer Contributions and Forfeitures only for a Plan Year in which he is
      credited with at least 1,000 Hours of Service (or in the case of Employer
      Discretionary Matching Contributions, as described in Section 3(a) above)
      and in which he was an Employee (or on Approved Absence) on the
      Anniversary Date. In the event the preceding sentence causes the Plan to
      benefit fewer than 49 Employees or cause the number of Employees
      benefiting under the Plan to be less than forty percent (40%) of all

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      Employees of the Employer (if the Employer employs less than 125
      Employees), each Participant shall share in the allocations of Employer
      Contributions and Forfeitures for a Plan Year in which he did not incur a
      Break in Service. A Participant shall also share in the allocations of
      Employer Contributions for the Plan Year of his retirement, disability or
      death (as provided in Sections 11 and 12).

   3. AMENDMENT RELATED TO EMPLOYER DISCRETIONARY MATCHING CONTRIBUTIONS.
Section 4.1(a)(2) of the Plan is amended in its entirety to state as follows:

      An Employer Discretionary Matching Contribution, in an amount determined
      at the sole discretion of the Board of Directors, on behalf of each
      Participant up to a maximum of one hundred percent (100%) of the
      Participant's Salary Reduction Contributions, provided, however, that the
      maximum Employer Matching Contribution shall be based on a Participant's
      Salary Reduction Contribution of up to four percent (4%) of such
      Participant's Compensation. For this purpose, a Participant's Compensation
      for the first year of his eligibility to participate in the section 401(k)
      and 401(m) provisions of the Plan shall be the Compensation of the
      Participant from the date of his initial Salary Reduction Contributions to
      the end of the Plan Year. As provided in Section 12(a), the interests of a
      Participant in the Employer Marching Contributions allocated to his
      account will always be 100% vested.

   4. AMENDMENT RELATED TO EMPLOYEE SALARY REDUCTION CONTRIBUTIONS. Section
4.2(a), (b) and (c) of the Plan is hereby amended in its entirety to state as
follows:

   (a)   A Participant may authorize his Employer to contribute to the Trust on
         his behalf Salary Reduction Contributions. Such Salary Reduction
         Contributions shall be stated as a whole percentage, and shall not be
         less than 1%, or more than 15%, of the Participant's Compensation. The
         total amount of Salary Reduction Contributions for any Plan Year shall
         not exceed $7,000, multiplied by any cost of living adjustment factor
         prescribed by the Secretary of the Treasury under Section 415(d) of the
         Code. Any Salary Reduction Contribution in excess of the aforementioned
         limitation, plus income allocable thereto, shall be returned to the
         Participant no later than the first April 15 following the close of the
         tax year in which such contributions were made.

    (b)  Each Participant electing to have his Employer contribute Salary
         Reduction Contributions on his behalf during the Plan Year shall file a
         written notice with the Plan Administrator at least thirty (30) days
         prior to the first calendar day of the month in which he becomes
         eligible to participate in the cash or deferred arrangement (section
         401(k) arrangement) of the Plan and intends such election to take
         effect. This requirement shall be waived on adoption of the Plan and
         each Participant shall be given a reasonable time to elect Salary
         Reduction Contributions. Such written notice shall contain an election
         of the percentage of his Compensation to be contributed and
         authorization for his Employer to reduce his Compensation by such
         amount. Salary Reduction Contributions may be suspended at any time by
         giving prior written notice. After suspension, the Participant shall
         not be eligible for further Salary Reduction Contributions until the
         beginning of the next Plan Year. A Participant may change the
         percentage of his Salary Reduction Contributions only as of the January
         1st or July 1st of any Plan Year, but upon not less than thirty (30)
         days prior written notice. A Participant shall be fully vested at all
         times in the portion of his Account from Salary Reduction
         Contributions.

    (c)  For any Plan Year, the Committee shall have the right to limit or
         reduce the Salary Reduction Contributions of the Highly Compensated
         Participants in order to insure that the Maximum Contribution
         Percentage Limit under Code Section 401(k) is not exceeded.
         Furthermore, in accordance with Regulation 1.401(k)-1(f), the Employer
         may make additional Employer Discretionary Basic Contributions and/or
         Employer Discretionary Matching Contributions or may redistribute or
         recharacterize such contributions made during the Plan Year in order to
         provide that the Maximum Deferral Percentage Limit under Code Section
         401(k) is not exceeded. The Maximum Deferral Percentage Limit, under
         Code Section 401(k) is equal to the greater of Limit 1 or Limit 2:

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      LIMIT 1. The actual deferral percentage of the highly compensated
               participants may not exceed one hundred twenty-five percent
               (125%) of the actual deferral percentage of all other
               participants; or

      LIMIT 2. The Actual Deferral Percentage of the Highly Compensated
               Participants may not exceed the lesser of:

               (a) The Actual Deferral Percentage of all other Participants,
                   plus two percent (2%); or

               (b) The Actual Deferral Percentage of all other Participants,
                   multiplied by two hundred percent (200%).

      Actual Deferral Percentage with respect to any specific group of
      Participants for a Plan Year shall mean the average of the ratios
      (calculated separately for each Participant in such group) of (A) the
      amount of Salary Reduction Contributions paid into the Trust Fund on
      behalf of each Participant for the portion of such Plan Year during which
      a Participant is eligible to make Salary Reduction Contributions to (B)
      the Participant's Compensation for such Plan Year. In the case of a Highly
      Compensated Participant who is eligible to have Salary Reduction
      Contributions paid into a trust fund to his account under two or more
      plans maintained by the Employer, the Actual Deferral Percentage shall be
      determined as if all such Salary Reduction Contributions were made under a
      single arrangement.

      Recharacterized excess contributions will remain subject to the
      nonforfeitability requirements and distribution limitations that apply to
      Salary Reduction Contributions.

      The income allocable to excess contributions is equal to the sum of the
      allocable gain or loss for the Plan Year end, if the Plan so provides, the
      allocable gain or loss for the period between the end of the Plan Year and
      the date of distribution (the "Gap Period"). The determination of income
      for excess contributions will be determined under the method in Section
      6(i).

      Employer Discretionary Basic Contributions and Employer Discretionary
      Matching Contributions may be treated as Salary Reduction Contributions
      for purposes of the actual deferral percentage test of 401(k) only if such
      contributions are nonforfeitable when made and subject to the same
      distribution restrictions that apply to Salary Reduction Contributions.
      Employer Discretionary Basic Contributions and Employer Discretionary
      Matching Contributions which may be treated as Salary Reduction
      Contributions must satisfy these requirements without regard to whether
      they are actually taken into account as Salary Reduction Contributions.

      Employer Discretionary Basic Contributions and/or Employer Discretionary
      Matching Contributions may be treated as Salary Reduction Contributions
      only if the conditions described in Section 1.401(k)-1(b)(5) of the
      Regulations are satisfied.

      Excess contributions will not be recharacterized with respect to a Highly
      Compensated Participant to the extent that the recharacterized amounts, in
      combination with employee contributions actually made by the Employee,
      exceed the maximum amount of employee contributions (determined prior to
      applying Section 401(m)(2)(A) of the Code) that the Employee is permitted
      to make under the Plan in the absence of recharacterization.

IN WITNESS WHEREOF, the undersigned a duly authorized officer of Texas Regional
Bancshares, Inc., hereby certifies the adoption of this Amendment Number 13 of
the Texas Regional Bancshares, Inc. Employee Stock Ownership Plan (with 401(k)
provisions) effective as of April 1, 2000.

                                       TEXAS REGIONAL BANCSHARES, INC.

                                       By: /S/ G.E. RONEY
                                          --------------------------------------
                                       Glen E. Roney,
                                       Chairman of the Board and
                                       Chief Executive Officer

                                     Page 27
<PAGE>
AGREED TO AND ACCEPTED BY:

/S/ G.E. RONEY             , Trustee
---------------------------
G. E. Roney

/S/ MORRIS ATLAS           , Trustee
---------------------------
Morris Atlas

/S/ FRANK N. BOGGUS        , Trustee
---------------------------
Frank N. Boggus

                                    Page 28<PAGE>

                        LORAL SPACE & COMMUNICATIONS LTD.
                             2000 STOCK OPTION PLAN

1. Purposes.

     The Loral Space & Communications Ltd. 2000 Stock Option Plan (the "Plan")
is intended to attract and retain the best available personnel for positions of
substantial responsibility with Loral Space & Communications Ltd., a Bermuda
corporation (the "Company"), and certain entities directly or indirectly
controlled by or affiliated with the Company, and to provide additional
incentive to such persons to exert their maximum efforts toward the success of
the Company. The above aims will be effectuated through the granting of certain
options ("Options") to purchase shares of the Company's common stock, par value
$0.01 per share (the "Common Stock"). Options granted under the Plan are not
intended to qualify as "incentive stock options" within the meaning of Section
422 of the Internal Revenue Code of 1986, as amended (the "Code").

     The Plan is intended to constitute a "broadly-based plan" as defined in
Section 312.04(h) of the New York Stock Exchange (NYSE) Listed Company Manual.

2. Administration of the Plan.

     The Plan shall be administered by a committee (the "Committee") consisting
of at least two persons, appointed by the Board of Directors of the Company (the
"Board of Directors"), each of whom shall be an "outside director" for purposes
of Section 162(m) of the Code. To the extent necessary or appropriate to qualify
Option grants under the Plan for the exemption provided by Rule 16b-3
promulgated under the Securities Exchange Act of 1934 (the "Exchange Act"), such
grants may be approved or ratified by the full Board or by a separate committee
thereof. Subject to the preceding sentence and within the limits of the express
provisions of the Plan, the Committee shall have the authority, in its
discretion, to take the following actions under the Plan:

     (a) to determine the individuals to whom, and the time or times at which,
Options shall be granted, and the number of shares of Common Stock to be subject
to each Option;

     (b) to interpret the Plan;

     (c) to prescribe, amend and rescind rules and regulations relating to the
Plan;

     (d) to determine the terms and provisions of the respective stock option
agreements granting Options, including

<PAGE>

the date or dates upon which Options shall become exercisable, which terms need
not be identical;

     (e) to accelerate the vesting of any outstanding Options; and

     (f) to make all other determinations and take all other actions necessary
or advisable for the administration of the Plan.

     In making such determinations, the Committee may take into account the
nature of the services rendered by such individuals, and such other factors as
the Committee, in its discretion, shall deem relevant. An individual to whom an
Option has been granted under the Plan is referred to herein as an "Optionee".
The Committee's determinations on the matters referred to in this Section 2
shall be conclusive.

     The Committee may, in its discretion, delegate some or all of its authority
hereunder to one or more officers of the Company or its subsidiaries, provided
that the Committee shall not delegate such authority with respect to any grant
of Options to persons who are subject to the provisions of Section 16 of the
Exchange Act ("Insiders").

3. Shares Subject to the Plan.

     (a) The total number of shares of Common Stock which may be issued pursuant
to Options granted under the Plan shall not exceed 13,000,000, subject to
adjustment as provided in Section 6 hereof. The Company shall at all times while
the Plan is in force reserve such number of shares of Common Stock as will be
sufficient to satisfy the requirements of outstanding Options. The shares of
Common Stock to be issued upon exercise of Options shall be authorized and
unissued or reacquired shares of Common Stock. The shares of Common Stock
relating to the unexercised portion of any expired, terminated or canceled
Option shall thereafter be available for the grant of Options under the Plan.

     (b) Options may be granted under the Plan by the Company directly or, if
authorized by the Board or the Committee, by the Company's subsidiary, Loral
SpaceCom Corporation, a Delaware corporation ("Loral SpaceCom"), subject to such
terms and conditions as shall be agreed to between the Company and Loral
SpaceCom. Without limiting the generality of the foregoing, (i) Options granted
by Loral SpaceCom to Insiders shall be approved by the Committee and, if
appropriate, the Board; (ii) the performance of Loral SpaceCom with respect to
Options granted by it may be guaranteed by the Company; and (iii) as a condition
to the issuance of Shares upon exercise of Options granted by Loral SpaceCom,
the Company may require Loral SpaceCom to pay to the Company the full Fair
Market Value of the Shares then being issued, in such form of consideration as
shall be acceptable to the Company.

                                       2

<PAGE>

4. Eligibility.

     (a) All full-time employees of the Company and its subsidiaries who are
resident in the United States and who are "exempt employees" as defined under
the Fair Labor Standards Act of 1938 are eligible to receive options under the
Plan. In addition, Options may be granted to employees of other entities
directly or indirectly controlled by or affiliated with the Company and
designated by the Committee ("Designated Entities"). The term "Company," when
used in the context of an Optionee's employment, shall be deemed to include the
Company, subsidiaries and Designated Entities.

     (b) During the shorter of (i) the three-year period commencing on the date
the Plan is adopted by the Company, or (ii) the term of the Plan, at least a
majority of the shares of Common Stock underlying Options awarded under the Plan
shall be awarded to employees who are not officers or directors of the Company.
For this purpose, the term "officer" shall mean a person who is an officer of
the Company for purposes of Section 312.04(h) of the NYSE Listed Company Manual.

     (c) Nothing contained in the Plan shall be construed to limit the right of
the Company to grant stock options otherwise than under the Plan for proper
corporate purposes.

5. Terms of Options.

     The terms of each Option granted under the Plan shall be determined by the
Committee consistent with the provisions of the Plan, including the following:

     (a) The purchase price of the shares of Common Stock subject to each Option
shall be fixed by the Committee, in its discretion, at the time such Option is
granted; provided, that in no event shall the per share purchase price of an
Option be less than the lower of (A) 50% of the Fair Market Value of a share of
a Common Stock on the date of grant, and (B) $20 below the aforesaid Fair Market
Value.

     (b) The dates on which each Option (or portion thereof) shall be
exercisable shall be fixed by the Committee, in its discretion.

     (c) The expiration of each Option shall be fixed by the Committee, in its
discretion. No Option shall be exercisable after the expiration of ten (10)
years from the date of its grant and each Option shall be subject to earlier
termination as determined by the Committee, in its discretion.

     (d) Options shall be exercised by the delivery to the Company (or Loral
SpaceCom, in the case of Options granted by Loral SpaceCom) at its principal
office or at such other address as may be established by the Committee
(Attention: Corporate

                                       3

<PAGE>

Treasurer) of written notice of the number of shares of Common Stock with
respect to which the Option is being exercised accompanied by payment in full of
the purchase price of such shares. Unless otherwise determined by the Committee
at the time of grant, payment for such shares may be made (i) in cash, (ii) by
certified check or bank cashier's check payable to the order of the Company in
the amount of such purchase price, (iii) by delivery to the Company of shares of
Common Stock having a Fair Market Value equal to such purchase price, (iv) by
irrevocable instructions to a broker to deliver promptly to the Company the
amount of sale or loan proceeds necessary to pay such purchase price and to sell
the shares of Common Stock to be issued upon exercise of the Option and deliver
the cash proceeds less commissions and brokerage fees to the Optionee or to
deliver the remaining shares of Common Stock to the Optionee, or (v) by any
combination of the methods of payment described in (i) through (iv) above.

     (e) An Optionee shall not have any of the rights of a holder of the Common
Stock with respect to the shares of Common Stock subject to an Option until such
shares are issued to such Optionee upon the exercise of such Option.

     (f) (i) Except as provided in Section 5(f)(ii), (A) an Option shall not be
transferable, except by will or the laws of descent and distribution, and may be
exercised, during the lifetime of an Optionee, only by the Optionee, and (B) no
Option granted under the Plan shall be subject to execution, attachment or other
process.

         (ii) The Committee, in its sole and absolute discretion, may provide
in any option agreement or amendment thereto, that the Optionee may transfer
Options to his children, grandchildren or spouse, or to one or more trusts for
the benefit of such family members or partnerships in which such family members
are the only partners, provided that (A) the Optionee does not receive any
consideration for such transfer, and (B) the transferee of such Options remains
subject to all the terms and conditions that were applicable to such Options
immediately prior to such transfer.

     (g) For purposes of the Plan, as of any date when the Common Stock is
quoted on the National Association of Securities Dealers Automated Quotation
System National Market System ("NASDAQ-NMS") or listed on one or more national
securities exchanges, the "Fair Market Value" of the Common Stock as of such
date shall be deemed to be the mean between the high and low sale prices of the
Common Stock reported on the NASDAQ-NMS or the principal national securities
exchange on which the Common Stock is listed and traded on the immediately
preceding date, or, if there is no such sale on that date, then on the last
preceding date on which such a sale was reported. If the Common Stock is not
quoted on the NASDAQ-NMS or listed on an exchange, or representative quotes are
not otherwise available, the "Fair

                                       4

<PAGE>

Market Value" of the Common Stock shall mean the amount determined by the
Committee to be the fair market value based upon a good faith attempt to value
the Common Stock accurately.

6. Adjustment upon Changes in Capitalization.

     (a) In the event that the outstanding shares of Common Stock are changed by
reason of reorganization, merger, consolidation, recapitalization,
reclassification, stock split, combination or exchange of shares and the like,
or dividends payable in shares of Common Stock, an appropriate adjustment shall
be made by the Committee in the aggregate number of shares of Common Stock
available under the Plan, the maximum number of shares which may be granted to
any Optionee during any partial or full calendar year, and in the number of
shares of Common Stock and price per share of Common Stock subject to
outstanding Options. If the Company shall be sold, reorganized, consolidated, or
merged with another corporation, or if all or substantially all of the assets of
the Company shall be sold or exchanged (a "Corporate Event"), an Optionee shall
at the time of issuance of the stock under such Corporate Event be entitled to
receive upon the exercise of his Option the same number and kind of shares of
stock or the same amount of property, cash or securities as he would have been
entitled to receive upon the occurrence of any such Corporate Event as if he had
been, immediately prior to such event, the holder of the number of shares of
Common Stock covered by his Option; provided, however, that the Committee may,
in its discretion, accelerate the exercisability of outstanding Options, and
shorten the term thereof, to any date within 30 days prior to or concurrent with
the occurrence of such Corporate Event.

     (b) Any adjustment under this Section 6 in the number of shares of Common
Stock subject to Options shall apply proportionately to only the unexercised
portion of any Option granted hereunder. If fractions of a share would result
from any such adjustment, the adjustment shall be revised to the next lower
whole number of shares.

7. Further Conditions of Exercise.

     (a) Unless prior to the exercise of an Option the shares of Common Stock
issuable upon such exercise are the subject of a registration statement filed
with the Securities and Exchange Commission pursuant to the Securities Act of
1933, as amended (the "Securities Act"), and there is then in effect a
prospectus filed as part of such registration statement meeting the requirements
of Section 10(a)(3) of the Securities Act, the notice of exercise with respect
to such Option shall be accompanied by a representation or agreement of the
Optionee to the Company to the effect that such shares are being acquired for
investment only and not with a view to the resale or distribution thereof, or
such other documentation as may be required by the Company, unless, in the
opinion of counsel to the Company, such

                                       5

<PAGE>

representation, agreement or documentation is not necessary to comply with the
Securities Act.

     (b) Anything in subparagraph (a) of this Section 7 to the contrary
notwithstanding, the Company shall not be obligated to issue or sell any shares
of Common Stock until they have been listed on each securities exchange on which
the shares of Common Stock may then be listed and until and unless, in the
opinion of counsel to the Company, the Company may issue such shares pursuant to
a qualification or an effective registration statement, or an exemption from
registration, under such state and federal laws, rules or regulations as such
counsel may deem applicable. The Company shall use reasonable efforts to effect
such listing, qualification and registration, as the case may be.

8. Termination, Modification and Amendment.

     (a) The Plan (but not Options previously granted under the Plan) shall
terminate ten (10) years from the date of its adoption by the Board of
Directors, and no Option shall be granted after termination of the Plan.

     (b) The Plan may at any time be terminated or, from time to time, be
modified or amended by the Board of Directors.

     (c) No termination, modification or amendment of the Plan may materially
and adversely affect the rights conferred by any Options without the consent of
the affected Optionee.

9. Not a Contract of Employment.

     Nothing contained in the Plan or in any stock option agreement executed
pursuant hereto shall be deemed to confer upon any Optionee any right to remain
in the employ of the Company, any subsidiary or any Designated Entity.

10. Governing Law.

     The Plan shall be governed by the laws of Bermuda without reference to
principles of conflict of laws.

11. Withholding.

     As a condition to the exercise of any Option, the Committee may require
that an Optionee satisfy, through withholding from other compensation or
otherwise, the full amount of all federal, state and local income and other
taxes required to be withheld in connection with such exercise.

                                       6

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