Document:

<PAGE>
                                                                   Exhibit 10.84

                             GEN-PROBE INCORPORATED

                           DEFERRED COMPENSATION PLAN

                             EFFECTIVE JUNE 30, 2005
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                                TABLE OF CONTENTS

                                                                           PAGE

ARTICLE 1      DEFINITIONS...................................................1

ARTICLE 2      SELECTION, ENROLLMENT, ELIGIBILITY............................5

      2.1   Selection by Committee...........................................5

      2.2   Enrollment Requirements..........................................6

      2.3   Eligibility Commencement of Participation........................6

      2.4   Termination of Participation and/or Deferrals....................6

ARTICLE 3      DEFERRAL COMMITMENT/CREDITING OF GAINS, EARNINGS,
               LOSSES, ETC...................................................6

      3.1   Deferred Compensation............................................6

      3.2   Election to Defer Compensation...................................7

      3.3   Withholding of Deferral Amounts..................................7

      3.4   Company Contributions............................................7

      3.5   Selection of Deemed Investments..................................9

      3.6   Crediting of Earnings, Gains, Losses, and Changes in Value
            of Deemed Investments............................................9

      3.7   FICA and Other Taxes.............................................9

      3.8   Vesting.........................................................10

ARTICLE 4      IN-SERVICE DISTRIBUTION AND UNFORESEEABLE FINANCIAL
               EMERGENCIES..................................................11

      4.1   In-Service Distributions........................................11

      4.2   Withdrawal Payout/Suspensions for Unforeseeable Financial
            Emergencies.....................................................11

ARTICLE 5      RETIREMENT BENEFIT...........................................12

      5.1   Retirement Benefit..............................................12

      5.2   Payment of Retirement Benefits..................................12

      5.3   Death Prior to Completion of Retirement Benefits................12

ARTICLE 6      PRE-RETIREMENT SURVIVOR BENEFIT..............................13

      6.1   Pre-Retirement Survivor Benefit.................................13

      6.2   Payment of Pre-Retirement Survivor Benefits.....................13

ARTICLE 7      TERMINATION BENEFIT..........................................13

      7.1   Termination Benefits............................................13

      7.2   Payment of Termination Benefit..................................13

      7.3   Death Prior to Completion of Termination Benefits...............13

                                       -i-
<PAGE>
                                TABLE OF CONTENTS
                                   (CONTINUED)

                                                                          PAGE

ARTICLE 8      CHANGE IN CONTROL BENEFIT....................................13

      8.1   Change In Control...............................................13

ARTICLE 9      DISABILITY WAIVER AND BENEFIT................................14

      9.1   Disability Waiver...............................................14

      9.2   Benefit Eligibility.............................................14

      9.3   Nonqualified Deferred Compensation Plan Rules...................14

ARTICLE 10     BENEFICIARY DESIGNATION......................................14

      10.1  Beneficiary.....................................................14

      10.2  Beneficiary Designation; Change; Spousal Consent................14

      10.3  Acknowledgement.................................................15

      10.4  No Beneficiary Designation......................................15

      10.5  Doubt as to Beneficiary.........................................15

      10.6  Discharge of Obligations........................................15

ARTICLE 11     LEAVE OF ABSENCE.............................................15

      11.1  Paid leave of Absence...........................................15

      11.2  Unpaid Leave of Absence.........................................15

ARTICLE 12     TERMINATION, AMENDMENT, OR MODIFICATION......................16

      12.1  Termination.....................................................16

      12.2  Amendment.......................................................16

      12.3  Effect of Payment...............................................16

ARTICLE 13     ADMINISTRATION...............................................16

      13.1  Committee Duties................................................16

      13.2  Agents..........................................................16

      13.3  Binding Effect of Decisions.....................................17

      13.4  Indemnity of Committee..........................................17

      13.5  Employer Information............................................17

ARTICLE 14     ADMINISTRATION UPON CHANGE IN CONTROL........................17

      14.1  Committee.......................................................17

      14.2  Benefit Review Committee........................................17

ARTICLE 15     CLAIMS PROCEDURE.............................................18

      15.1  Presentation of Claim...........................................18

      15.2  Notification of Decision........................................18

                                      -ii-
<PAGE>
                                TABLE OF CONTENTS
                                   (CONTINUED)

                                                                          PAGE

      15.3  Review of a Denied Claim........................................19

      15.4  Decision on Review..............................................19

      15.5  Legal Action....................................................19

      15.6  Arbitration.....................................................19

ARTICLE 16     TRUST........................................................21

      16.1  Establishment of Trust..........................................21

      16.2  Interrelationship of the Plan and the Trust.....................21

ARTICLE 17     MISCELLANEOUS................................................21

      17.1  Unsecured General Creditor......................................21

      17.2  Employer's Liability............................................21

      17.3  Non-Assignability...............................................22

      17.4  Coordination with Other Benefits................................22

      17.5  Not a Contract of Employment or Service.........................22

      17.6  Furnishing Information..........................................22

      17.7  Terms...........................................................22

      17.8  Captions........................................................22

      17.9  Governing Law...................................................22

      17.10 Notice..........................................................22

      17.11 Successors......................................................23

      17.12 Spouse's Interest...............................................23

      17.13 Validity........................................................23

      17.14 Incompetent.....................................................23

      17.15 Court Order.....................................................23

      17.16 Legal Fees To Enforce Rights After Change in Control............23

                                     -iii-
<PAGE>
                             GEN-PROBE INCORPORATED

                           DEFERRED COMPENSATION PLAN

                             EFFECTIVE JUNE 30, 2005

                                     PURPOSE

      The purpose of this plan is to provide specified benefits to a select
group of management or highly compensated employees and non-employee members of
the Board who contribute materially to the continued growth, development and
future business success of Gen-Probe Incorporated, a Delaware corporation, and
its Subsidiaries, if any. This Plan shall be unfunded for tax purposes and for
purposes of Title I of ERISA.

                                    ARTICLE 1

                                   DEFINITIONS

      For purposes hereof, unless otherwise clearly apparent from the context,
the following phrases or terms shall have the following indicated meanings:

      1.1 "Account Balance" shall mean, with respect to a Participant, the sum
  of (a) his or her Elective Deferral Account plus (b) his or her Company
  Contribution Account plus (c) earnings, gains, losses, and changes in value of
  the Deemed Investments thereon credited (or debited) in accordance with
  Section 3.6, net of all distributions. This account shall be a bookkeeping
  entry only and shall be utilized solely as a device for the measurement and
  determination of the amounts to be paid to or in respect of a Participant
  pursuant to the Plan.

      1.2 "Annual Bonus" shall mean any compensation, excluding Base Annual
  Salary, paid in respect of a Plan Year to a Participant as an employee under
  the Company's incentive plan, or otherwise as a bonus in the discretion of the
  Company. A performance-based bonus may have special meaning under the terms of
  this Plan solely for purposes of a Participant's timing of elections, as
  described in Section 3.2. The Committee may, in its discretion, with respect
  to any one or more Participants establish for any Plan Year a limit on the
  amount of Annual Bonus to be taken into account under this Plan.

      1.3 "Annual Commissions" shall mean any annual commissions paid to a
  Participant as an employee under a Company commission plan or arrangement, or
  otherwise as a commission in the discretion of the Company. The Committee may,
  in its discretion, with respect to any one or more Participants establish for
  any Plan Year a limit on the amount of Annual Commissions to be taken into
  account under this Plan.

      1.4 "Annual Deferral Amount" shall mean that portion of a Participant's
  Base Annual Salary, Director Fees, Annual Bonus and/or Annual Commissions that
  a Participant elects to have, and that is, deferred, in accordance with
  Article 3 for any one Plan Year. In the event of Retirement, Disability, death
  or a Termination of Employment prior to the end of a Plan Year, such year's
  Annual Deferral Amount shall be the actual amount withheld prior to such
  event.

      1.5 "Annual Installment Method" shall mean the payment of a Participant's
  benefit in annual installments to be paid, if so elected by a Participant, as
  follows: (i) during the calendar year in which payment begins, such payment
  shall equal (a) the Account Balance as of the Retirement Date; divided

                                       1.
<PAGE>
  by (b) the total number of installment payments to be made; and (ii)
  during the benefit payment period, the amount of each installment to be paid
  during each calendar year thereafter shall be recalculated, and shall be equal
  to (a) the remaining amount payable to the Participant as of such January 1;
  divided by (b) the number of installment payments to be made in or after such
  subsequent calendar year. The first such installment shall be made as of the
  Retirement Date and subsequent installments shall be as of January 1 of each
  subsequent calendar year. The final installment payment shall be equal to the
  remaining amount payable to the Participant. In no event shall the amount of
  any installment payment exceed the remaining amount payable to the
  Participant.

      1.6 "Base Annual Salary" shall mean the annual compensation (excluding
  bonuses, commissions, overtime, incentive payments, non-monetary awards,
  Director Fees and other fees, stock options and phantom stock grants, and car
  allowances) paid to a Participant for services rendered to any Employer,
  before reduction for compensation deferred pursuant to all tax-qualified,
  non-qualified and Code Section 125 plans (other than compensation deferred
  under individual employment contracts) of any Employer. The Committee may, in
  its discretion, with respect to any one or more Participants establish for any
  Plan Year a limit on the amount of Base Annual Salary to be taken into account
  under this Plan.

      1.7 "Beneficiary" shall mean one or more persons, trusts, estates or other
  entities, designated in accordance with Article 10, that are entitled to
  receive benefits under the Plan upon the death of a Participant.

      1.8 "Beneficiary Designation Form" shall mean the form established from
  time to time by the Committee that a Participant completes, signs, and returns
  to the Committee to designate one or more Beneficiaries.

      1.9 "Board" shall mean the board of directors of the Company.

      1.10 "Change in Control" shall mean a change in ownership, effective
  control or a change in the ownership of a substantial portion of the assets of
  the corporation, determined objectively, pursuant to the Code and Section 409A
  transitional guidance, through any of the following transactions; on the date
  that any one person or persons acting as a group: (i) acquires ownership of
  Company stock constituting more than fifty percent (50%) of the total fair
  market value or total voting power of the Company, or (ii) acquires (or has
  acquired during the twelve (12)-month period ending on the date of the most
  recent acquisition by such person or persons) ownership of the stock of the
  Company possessing thirty-five percent (35%) or more of the total voting power
  of the stock of the Company, or (iii) acquires assets from the corporation
  that have a total gross fair market value equal to or more than forty percent
  (40%) of the total gross fair market value of all of the assets of the
  corporation immediately prior to such acquisition, or (iv) when a majority of
  members of the Company's Board is replaced during any (12)-month period by
  directors whose appointment or election is not endorsed by a majority of the
  members of the Company's Board prior to the date of the appointment or
  elections. Should the Company in its' discretion decide to terminate the Plan
  within twelve (12) months of the Change in Control date, subsequent Plan
  payments will be deemed made for reason of Change of Control.

      1.11 "Claimant" shall have the meaning set forth in Section 15.1.

      1.12 "Code" shall mean the Internal Revenue Code of 1986, as amended;
  inclusive of Section 409A as promulgated under Section 885 of the American
  Jobs Creation Act of 2004 and as interpreted by the Treasury Department and
  Internal Revenue Service guidance and regulations.

                                       2.
<PAGE>
      1.13 "Committee" shall mean the administrative Committee appointed to
  manage and administer the Plan in accordance with its provisions and pursuant
  to Article 13.

      1.14 "Company" shall mean Gen-Probe Incorporated, a Delaware corporation.

      1.15 "Company Contribution Account" shall mean the Participant's share of
  (a) Company Matching Contributions plus (b) Discretionary Matching Make-Up
  Contributions plus (c) earnings, gains, losses, and changes in value of the
  Deemed Investments hereon credited (or debited) in accordance with Section
  3.6, net of all distributions from such account. This Account shall be a
  bookkeeping entry only and shall be utilized solely as a device for the
  measurement and determination of the amounts to be paid to the Participant
  pursuant to the Plan.

      1.16 "Company Matching Contribution" shall mean any contribution made and
  credited to Company Contribution Accounts by the Company in accordance with
  Section 3.4(a) below.

      1.17 "Deemed Investments" shall mean one or more of investment vehicles
  selected by the Committee pursuant to Section 3.5.

      1.18 "Deduction Limitation" shall mean the following described limitation
  on the annual benefit that may be distributed pursuant to the provisions of
  this Plan. The limitation shall be applied to distributions under this Plan as
  expressly set forth in this Plan. If the Company determines in good faith
  prior to a Change in Control that there is a reasonable likelihood that any
  compensation paid to a Participant for a taxable year of the Company would not
  be deductible by the Company solely by reason of the limitation under Code
  Section 162(m), then to the extent deemed necessary by the Company to ensure
  that the entire amount of any distribution to the Participant pursuant to this
  Plan prior to the Change in Control is deductible, the Company may, in its
  sole discretion, defer all or any portion of the distribution. Any amounts
  deferred pursuant to this limitation shall continue to be credited (or
  debited) with earnings, gains, losses, and changes in value of the Deemed
  Investments in accordance with Section 3.6. The amounts so deferred and
  interest thereon shall be distributed to the Participant or his or her
  Beneficiary (in the event of the Participant's death) at the earliest possible
  date, as determined by the Company in good faith, on which the deductibility
  of compensation paid or payable to the Participant for the taxable year of the
  Company during which the distribution is made will not be limited by Section
  162(m), or if earlier, the effective date of a Change in Control. In the event
  this Section 1.17 fails to meet the limitations or requirements of the Code,
  then this Section 1.17 shall be modified by action of the Committee to the
  extent necessary to satisfy the requirements of the Code and transitional
  relief provided with respect to Code Section 409A.

      1.19 "Deferral Amount" shall mean the sum of all of a Participant's Annual
  Deferral Amounts.

      1.20 "Director" shall mean any non-employee member of the Board.

      1.21 "Director Fees" shall mean the annual fees paid by the Company,
  including retainer fees, meeting fees and chairperson fees, as compensation
  for serving on the Board or any of the Board's committees. The Committee may,
  in its discretion, with respect to any one or more Participants establish for
  any Plan Year a limit on the amount of Director Fees to be taken into account
  under this Plan.

      1.22 "Discretionary Matching Make Up Contribution" shall mean any
  contribution made and credited to Company Contribution Accounts by the Company
  in accordance with Section 3.4(b) below.

      1.23 "Disability" shall exist if the Participant (a) is unable to engage
  in any substantial gainful activity by reason of any medically determinable
  physical or mental impairment that can be expected to

                                       3.
<PAGE>
  result in death or can be expected to last for a continuous period of not
  less than twelve (12) months, or (b) is, by reason of any medically
  determinable physical or mental impairment that can be expected to result in
  death or can be expected to last for a continuous period of not less than
  twelve (12) months, receiving income replacement benefits for a period of not
  less than three months under an accident and health policy covering employees
  or, if applicable, Directors of the Participant's Employer.

      1.24 "Election Form" shall mean the form established from time to time by
  the Committee that a Participant completes, signs, and returns to the
  Committee to make an election under the Plan.

      1.25 "Elective Deferral Account" shall mean the sum of (a) a Participant's
  Deferral Amount, plus (b) earnings, gains, losses, and changes in value of the
  Deemed Investments hereon credited (or debited) in accordance with Section
  3.6, net of all distributions from such Account. This account shall be a
  bookkeeping entry only and shall be utilized solely as a device for the
  measurement and determination of the amounts to be paid to the Participant
  pursuant to the Plan.

      1.26 "Employers" shall mean the Company and/or any of its Subsidiaries and
  partners that have been selected by the Board to participate in the Plan.

      1.27 "ERISA" shall mean the Employee Retirement Income Security Act of
  1974, as amended from time to time.

      1.28 "In-Service Distribution" shall mean the payout set forth in Section
  4.1.

      1.29 "Participant" shall mean any employee or Director (a) who is selected
  to participate in the Plan, (b) who elects to participate in the Plan, (c) who
  signs a Plan Agreement, an Election Form, and a Beneficiary Designation Form,
  (d) whose signed Plan Agreement, Election Form, and Beneficiary Designation
  Form are accepted by the Committee, (e) who commences participation in the
  Plan, and (f) whose Plan Agreement has not terminated.

      1.30 "Plan" shall mean the Company's Deferred Compensation Plan which
  shall be evidenced by this instrument and, with respect to each Participant,
  by his or her Plan Agreement, as each may be amended from time to time.

      1.31 "Plan Agreement" shall mean a written agreement, as may be amended
  from time to time, which is entered into by and between one or more Employers
  and a Participant. Each Plan Agreement executed by a Participant shall provide
  for the entire benefit to which such Participant is entitled to under the
  Plan, and shall specify, the Employer or Employers liable for the
  Participant's benefits hereunder and the magnitude or extent of such
  liability. The Plan Agreement bearing the latest date of acceptance by the
  Committee shall govern such entitlement and each Employer's liability. Upon
  the complete payment of a Participant's Account Balance, each individual's
  Plan Agreement and his or her status as a Participant shall terminate.

      1.32 "Plan Year" shall be the calendar year starting with 2005. The first
  Plan Year shall be a short Plan Year beginning June 30, 2005.

      1.33 "Pre-Retirement Survivor Benefit" shall mean the benefit set forth in
  Article 6.

      1.34 "Retirement," "Retire," "Retires," "or "Retired" shall mean severance
  from all employment and service with all Employers for any reason other than a
  leave of absence, death or Disability on or after the attainment of (a) age
  fifty-five (55) and the completion of five (5) Years of Service or (b) age
  sixty-five (65), whichever is earlier.

                                       4.
<PAGE>
      1.35 "Retirement Benefit" shall mean the benefit set forth in Article 5.

      1.36 "Subsidiary" or "Subsidiaries" shall mean any corporation (other than
  the Employer) in an unbroken chain of corporations or other entities beginning
  with the Employer, if each of the entities other than the last entity in the
  unbroken chain owns stock, partnership rights or other ownership interest
  possessing fifty percent (50%) or more of the total combined voting power of
  all classes of stock, partnership rights or other ownership interest in one of
  the other entities in such chain.

      1.37 "Termination Benefit" shall mean the benefit set forth in Article 7.

      1.38 "Termination of Employment" shall mean the ceasing of all employment
  and/or services with all Employers, voluntary or involuntary, for any reason
  other than Retirement, death, or an authorized leave of absence.
  Notwithstanding the foregoing, no Termination of Employment shall occur merely
  by reason of the transfer of employment or service of a Participant from an
  Employer to any entity directly or indirectly controlled by or under common
  control with the Company and which is not an Employer (a "Non-Participating
  Entity"). Rather, such a Participant's Termination of Employment shall occur
  on the ceasing of all of the Participant's employment and/or service with all
  Non-Participating Entities and all Employers.

      1.39 "Trust" shall mean the trust established pursuant to that certain
  Trust Agreement between the Company and the trustee named therein, as amended
  from time to time.

      1.40 "Unforeseeable Financial Emergency" shall be defined as a severe
  financial hardship to the Participant resulting from illness or accident of
  the Participant, the Participant's spouse or a dependent (as defined in
  Section 152(a) of the Code) of the Participant, loss of the Participant's
  property due to casualty, or other similar extraordinary and unforeseeable
  circumstances arising as a result of events beyond the control of the
  Participant. The amount of the distribution upon Unforeseeable Emergency may
  not exceed the amounts necessary to satisfy the emergency and pay taxes
  reasonably anticipated as a result of the distribution, after taking into
  account the extent to which such hardship is or may be relieved through
  reimbursement or compensation by insurance or by liquidation of the
  Participant's assets (to the extent such liquidation would not itself cause
  severe financial hardship).

      1.41 "Years of Service" shall mean the total number of years in which a
  Participant has been employed by or in the service of an Employer. For
  purposed of this definition only, a year of employment or service shall be a
  three hundred and sixty-five (365) day period (or three hundred sixty-six
  (366) day period in the case of a leap year) that, for the first year of
  employment or service, commences on the Participant's date of hire or
  engagement and that, for any subsequent year, commences on an anniversary of
  that hiring date or engagement date.

                                    ARTICLE 2

                       SELECTION, ENROLLMENT, ELIGIBILITY

      2.1 Selection by Committee. Participation in the Plan shall be limited to
  Directors and employees of an Employer who are part of a select group of
  management or highly compensated employees. From the foregoing, the Committee
  shall select, in its sole and absolute discretion, individuals to participate
  in the Plan.

                                       5.
<PAGE>
      2.2 Enrollment Requirements. As a condition to participation, each
  selected individual shall complete, execute, and return to the Committee a
  Plan Agreement, an Election Form, and a Beneficiary Designation Form. In
  addition, the Committee shall establish from time to time such other
  enrollment requirements as it determines in its sole and absolute discretion
  are necessary.

      2.3 Eligibility Commencement of Participation. Provided an individual
  selected to participate in the Plan has met all enrollment requirements set
  forth in this Plan and required by the Committee, including returning all
  required documents to the Committee within thirty (30) days of selection, that
  individual shall commence participation in the Plan upon the timely completion
  of those requirements and the Committee's acceptance of all submitted
  documents. If a Participant's initial election to defer Compensation pursuant
  to Section 3.2 is not received by the Committee within the required thirty
  (30) day period, that Participant shall not be eligible to participate in the
  Plan until the first day of the Plan Year following the delivery to and
  acceptance by the Committee of the required documents.

      2.4 Termination of Participation and/or Deferrals. If the Committee
  determines in good faith that a Participant no longer meets the requirement of
  Section 2.1 hereof, the Committee shall have the right, in its sole
  discretion, to (i) terminate any deferral election the Participant has made
  for the Plan Year in which the Participant's membership status changes, (ii)
  prevent the Participant from making future deferral elections and/or (iii)
  terminate the Participant's participation in the Plan. The Participant's
  Account Balance shall be distributed in accordance with the Participant's
  prior elections and any overriding provisions of the Plan. If the Committee
  chooses not to terminate the Participant's participation in the Plan, the
  Committee may, in its sole discretion, reinstate the Participant to full Plan
  participation at such time in the future as the Participant again meets the
  requirements of Sections 2.1. In the event this Section 2.4 fails to meet the
  limitations or requirements of the Code, then this Section 2.4 shall be
  modified by action of the Committee to the extent necessary to satisfy the
  requirements of the Code, inclusive of transitional relief provided with
  respect to Code Section 409A.

                                   ARTICLE 3

        DEFERRAL COMMITMENT/CREDITING OF GAINS, EARNINGS, LOSSES, ETC.

      3.1 Deferred Compensation

            (a) Minimum. For each Plan Year, a Participant may elect to defer
Base Annual Salary, Director Fees, Annual Bonus and/or Annual Commissions paid
in respect of such Plan Year in the following minimum amounts for each deferral
elected:

<TABLE>
<CAPTION>
                   Deferral           Minimum Amount
            ----------------------    --------------
<S>                                   <C>
            Base Annual Salary or           0%
            Director Fees
            Annual Bonus                    0%
            Annual Commissions              0%
</TABLE>

            If no election is made, the amount deferred shall be zero.

                                       6.
<PAGE>
            (b) Maximum. For each Plan Year, a Participant may elect to defer
Base Annual Salary, Director Fees, Annual Bonus and/or Annual Commissions up to
the following maximum amounts:

<TABLE>
<CAPTION>
                   Deferral           Maximum Amount
            ----------------------    --------------
<S>                                   <C>
            Base Annual Salary or          80%
            Director Fees
            Annual Bonus                  100%
            Annual Commissions            100%
</TABLE>

      3.2 Election to Defer Compensation. In connection with a Participant's
  commencement of participation in the Plan, the Participant shall make a
  deferral election by delivering to the Committee a completed and signed
  Deferral Election Form, which must be accepted by the Committee for a valid
  election to exist. For each succeeding Plan Year, a new Election Form must be
  delivered to the Committee, in accordance with its rules and procedures,
  before the end of the Plan Year preceding the Plan Year for which the election
  is made. If no Election Form is timely delivered for a Plan Year, no Annual
  Deferral Amount shall be withheld for that Plan Year. However, in the case of
  performance-based compensation based on services performed over a period of at
  least twelve (12) months, an election to defer such Annual Bonus compensation
  may be made, subject to the discretion of the Company, no later than six (6)
  months before the end of the performance-based period assuming such election
  currently complies with the Code and transitional relief offered thereunder.

      3.3 Withholding of Deferral Amounts. For each Plan Year, the Base Annual
  Salary portion of the Annual Deferral Amount shall be withheld each payroll
  period in equal amounts from the Participant's Base Annual Salary. The
  Director Fees, Annual Bonus and Annual Commissions portion of the Annual
  Deferral Amount shall be withheld at the time the Director Fees, Annual Bonus
  and Annual Commissions are or otherwise would be paid to the Participant. The
  Annual Deferral Amount shall be credited to the Participant's Elective
  Deferral Account. A Participant shall at all times have a fully vested and
  non-forfeitable interest in his or her Elective Deferral Account.

      3.4 Company Contributions.

            (a) Discretionary Company Matching Contribution. If a Participant is
contributing the maximum deferral contributions limit specified under the 401(k)
plan sponsored by the Company (the "401(k) Plan") for a Plan Year, the Company
may, in its sole discretion, but it is not required to, cause to be credited to
a Participant's Company Contribution Account for such Plan Year an amount equal
to the Company contributions (including matching and discretionary
contributions) that would have been made on the Participant's behalf and
allocated to his account under the 401(k) Plan for such Plan Year, but which
could not be made because of limitations imposed by the 401(k) Plan pursuant to
the Code, including, but not limited to, (a) any reduction in matching
contributions under the 401(k) Plan attributable either to a limitation on the
Participant's 401(k) contributions under the 401(k) Plan pursuant to Section
401(k) of the Code or limitations imposed on the matching contributions under
the 401(k) Plan pursuant to Section 401(m) of the Code, (b) the limitations
contained in Section 402(g) of the Code, (c) any reduction that occurs as a
result of the application of the compensation limitations contained in Section
401(a)(17) of the Code, and (d) any reduction that occurs as a result of the
application of the limitations contained in Section 415 of the Code.

                                       7.
<PAGE>
                  All such amounts shall be credited to a Participant's Company
Contribution Account as of the date or dates such amounts would have been
credited to the Participant's account(s) in the 401(k) Plan if such amounts had
in fact been credited to his account(s) in the 401(k) Plan.

            (b) Discretionary Matching Make Up Contribution. Each Plan Year, the
Company may make, in its discretion, a Discretionary Matching Make Up
Contribution on behalf of each eligible active Participant who had deferral
contributions attributable to the maximum deferral contribution limit made on
his or her behalf during the contribution period to the 401(k) Plan and deferred
an amount to the Plan. All Discretionary Matching Make Up Contributions will be
computed by the Company based on the Participant's compensation during the
relevant contribution period.

                  The amount of the Discretionary Matching Make Up Contribution
shall be determined to be any amount necessary to satisfy or replace any lost
benefit due to the Participant's participation in the Plan. The calculation for
the Discretionary Matching Make Up Contribution, if any, shall be determined as
follows:

                  STEP 1. Calculate the maximum Company matching contribution of
the 401(k) Plan as if this Plan did not exist.

                  STEP 2. Calculate the maximum Company matching contribution of
the 401(k) Plan taking into account the existence of this Plan.

                  STEP 3. Determine the amount of any potential lost benefit to
the Participant of maintaining the Plan by subtracting the amount calculated in
Step 2 from the amount calculated in Step 1.

                  The Company may designate all or a portion of any matching
contributions for a Plan Year and allocate such amounts to the Company
Contribution Account.

                  The following is an example of the determination process
outlined in Steps 1 through 3:

                  ASSUMPTIONS:

                  -     Employee's total compensation is $150,000

                  -     The Company matching contribution for the 401(k) Plan is
                        50% of the first 6% of compensation

                  -     Employee defers 10% into the Plan and 10% into the
                        401(k) Plan:

<TABLE>
<S>                                                           <C>
                        Gross Compensation                    $150,000.00

                        Plan Employee Deferral                $(15,000.00)

                        Net Compensation before 401(k)        $135,000.00
                        Plan Employee Deferral

                        401(k) Plan Employee Deferral         $(13,500.00)

                        Net Compensation                      $121,500.00
</TABLE>

                                       8.
<PAGE>
                  STEP 1:

                  -     Total Compensation is multiplied by the Company matching
                        contribution for the 401(k) Plan

                  -     $150,000.00 x 6% x 50% = $4,500.00

                  -     The maximum 401(k) match if the Plan did not exist is
                        $4,500.00

                  STEP 2:

                  -     Net Compensation before 401(k) Plan Employee Deferral is
                        multiplied by the Company matching contribution for the
                        401(k) Plan

                  -     $135,000.00 x 6% x 50% = $4,050.00

                  -     The maximum 401(k) match with the Plan is $4,050.00

                  STEP 3:

                  -     The maximum 401(k) match in Step 2 is subtracted from
                        the 401(k) match in Step 1

                  -     $4,500.00 - $4,050.00 = $450.00

                  -     The Discretionary Matching Make Up Contribution Amount
                        for the Plan is $450.00

                  The Company, in its discretion, may change the formula used to
determine the discretionary Company Matching Contributions or the Discretionary
Matching Make Up Contributions.

      3.5 Selection of Deemed Investments. The Committee shall select the Deemed
  Investments whose performance will measure the amounts to be credited under
  Section 3.6 to the Account Balances of Participants. The selection of Deemed
  Investments shall be for bookkeeping purposes only, and the Company shall not
  be obligated actually to invest any money in the Deemed Investments, or to
  acquire or maintain any actual investment.

      3.6 Crediting of Earnings, Gains, Losses, and Changes in Value of Deemed
  Investments. The Committee shall determine, in its discretion, the exact times
  and methods for crediting or charging each Participant's Account Balance (and
  such Participant's Elective Deferral Account, Company Contribution Account,
  and any Annual Deferral Amount paid as a In-Service Distribution under Section
  4.1) with the earnings on Deemed Investments. The Committee may, at any time,
  change the timing or methods for crediting earnings to Annual Deferral
  Amounts, Company Matching Contributions, Discretionary Matching Make-Up
  Contributions, and payments of benefits and withdrawals under this Plan;
  provided, however, that the times and methods for crediting or debiting such
  items in effect at any particular time shall be uniform among all Participants
  and Beneficiaries.

      3.7 FICA and Other Taxes. For each Plan Year in which a Participant elects
  an Annual Deferral Amount, the Participant's Employer(s) shall ratably
  withhold from that portion of the Participant's Base Annual Salary, Annual
  Bonus and/or Annual Commissions that is not being deferred, the Participant's
  share of FICA taxes on deferred amounts and any other taxes, which may be
  required

                                       9.
<PAGE>
  or appropriate. If necessary, the Committee shall reduce the Annual Deferral
  Amount in order to comply with this Section.

      3.8 Vesting.

            (a) A Participant shall at all times be one hundred percent (100%)
vested in his or her Annual Deferral Amount and Elective Deferral Account.

            (b) A Participant shall be vested in his or her Company Contribution
Account, if any, in accordance with schedules established by the Committee in
its sole discretion which may vary among different types of contributions held
in a Participant's Company Contribution Account.

            (c) Notwithstanding anything to the contrary contained in this
Section 3.8, in the event of a Change in Control, Retirement, or death a
Participant's Company Contribution Account shall immediately become one hundred
percent (100%) vested (if it is not already vested in accordance with the above
vesting schedules).

            (d) Notwithstanding anything contained in this Plan to the contrary,
in the event that any payment or benefit to a Participant or for a Participant's
benefit paid or payable or distributed or distributable pursuant to the terms of
this Plan or otherwise in connection with, or arising out of, a Change of
Control, or any other event which constitutes a "change in control" within the
meaning of Section 280G of the Code (a "Payment" or "Payments"), would be
subject to the excise tax imposed by Section 4999 of the Code (the "Excise
Tax"), then the benefits payable under this Plan shall be reduced (but not below
zero), but only to the extent necessary so that no portion of the Payments shall
be subject to the excise tax imposed by Section 4999 of the Code (the "Section
4999 Limit"). Unless otherwise determined by the Committee in its discretion,
the Company shall reduce or eliminate the benefits payable under this Plan by
first reducing or eliminating those benefits beginning with benefits which are
to be paid the farthest in time from the Determination (as hereinafter defined).

                  (i) All determinations required to be made under this Section
3.8(d) (each, a "Determination") shall be made by the Company. The calculations
shall be provided to the Participant upon request (provided that the Company or
the Participant believe in good faith that any of the Payments may be subject to
the Excise Tax); provided, however, that if the Company determines that no
Excise Tax is payable by the Participant with respect to a Payment or Payments,
Participant may request that a nationally recognized accounting firm designated
by the Company and reasonably acceptable to the Participant (the "Accounting
Firm") furnish the Participant with an opinion reasonably acceptable to the
Participant that no Excise Tax will be imposed with respect to any such Payment
or Payments. Within ten (10) calendar days of delivery of the Determination to
the Participant, the Participant shall have the right to dispute the
Determination (the "Dispute"). The existence of any Dispute shall not in any way
affect the Participant's right to receive the benefits under this Plan in
accordance with the Determination. If there is no Dispute, the Determination by
the Accounting Firm shall be final, binding, and conclusive upon the Company and
the Participant, subject to the application of Section 3.8(d)(ii).

                  (ii) As a result of the uncertainty in the application of
Sections 409A, 4999 and 280G of the Code, it is possible that the Payments
either will have been made or will not have been made by the Company, in either
case in a manner inconsistent with the limitations provided in this Section
3.8(d) (an "Excess Payment" or "Underpayment," respectively). If it is
established pursuant to (i) a final determination of a court for which all
appeals have been taken and finally resolved or the time for all appeals has
expired, or (ii) an Internal Revenue Service (the "IRS") proceeding which has
been finally and conclusively resolved, that an Excess Payment has been made,
such Excess Payment shall be deemed for all purposes to be a loan to the
Participant made on the date the Participant received the Excess

                                      10.
<PAGE>
Payment and the Participant shall repay the Excess payment to the Company on
demand, together with interest on the Excess Payment to the Company on demand,
together with interest on the Excess Payment at one hundred twenty percent
(120%) of the applicable federal rate (as defined in Section 1274(d) of the
Code) compounded semi-annually from the date of the Participant's receipt of
such Excess Payment until the date of such repayment. If it is determined (i) by
the Accounting Firm, the Company (which shall include the position taken by the
Company, together with its consolidated group, on its federal income tax return)
or the IRS, (ii) pursuant to a determination by a court, or (iii) upon the
resolution to the Participant's satisfaction of the Dispute, that an
Underpayment has occurred, the Company shall pay an amount equal to the
Underpayment to the Participant within ten (10) calendar days of such
determination or resolution, together with interest on such amount at one
hundred twenty percent (120%) of the applicable federal rate compounded
semi-annually from the date such amount should have been paid to the Participant
pursuant to the terms of this Plan or otherwise, but for the operation of this
Section 3.8(d), until the date of payment.

                                   ARTICLE 4

       IN-SERVICE DISTRIBUTION AND UNFORESEEABLE FINANCIAL EMERGENCIES

      4.1 In-Service Distributions. Subject to the Deduction Limitation, in
  connection with each election to defer an Annual Deferral Amount a Participant
  may elect to receive a future "In-Service Distribution" from the Plan with
  respect to that Annual Deferral Amount. The In-Service Distribution shall be a
  lump sum payment in an amount that is equal to the Annual Deferral Amount plus
  earnings credited on such amount under Section 3.6. Subject to the other terms
  and provisions of this Plan, each In-Service Distribution elected shall be
  paid within sixty (60) days of the first day of the Plan Year that is three or
  more years after the first day of the Plan Year in which an Annual Deferral
  Amount is actually deferred. Notwithstanding the foregoing, should an event
  occur that triggers a benefit under Articles 5, 6, or 7, any Annual Deferral
  Amount plus (or minus) earnings, gains, losses, and changes in value credited
  (or debited) on such amount under Section 3.6, that is subject to an
  In-Service Distribution election under this Section 4.1 shall not be paid in
  accordance with this Section 4.1, but shall be paid in accordance with the
  other applicable Article of this Plan. The Participant may make a subsequent
  election to delay a payment of an In-Service Distribution if (a) the election
  is made twelve (12) months prior to the previously elected scheduled payment
  date (b) the election takes effect at least twelve (12) months after the date
  on which the election is made and (c) the new scheduled payment date with
  respect to which the election is made must be deferred for a period of at
  least five (5) years from the date the payment would have otherwise been made.
  In the event this Section 4.1 fails to meet the limitations or requirements of
  Section 409A of the Code and regulations promulgated thereunder, then this
  Section 4.1 shall be modified by action of the Committee to the extent
  necessary to satisfy the requirements of the Code and transitional relief
  provided with respect to Code Section 409A.

      4.2 Withdrawal Payout/Suspensions for Unforeseeable Financial Emergencies.
  If the Participant experiences an Unforeseeable Financial Emergency, the
  Participant may petition the Committee to (a) suspend any deferrals required
  to be made by a Participant and/or (b) receive partial or full payout from the
  Plan. The payout shall not exceed the lesser of the Participant's Account
  Balance, calculated as if such Participant were receiving a Termination
  Benefit, or the amount reasonably needed to satisfy the Unforeseeable
  Financial Emergency. If, subject to the sole and absolute discretion of the
  Committee, the petition for a suspension and/or payout is approved, suspension
  shall take effect upon the date of approval and any payout shall be made
  within sixty (60) days of the date of approval. In the event this Section 4.2
  fails to meet the limitations or requirements of Section 409A of the Code and
  regulations promulgated thereunder, then this Section 4.2 shall be modified by
  action of

                                      11.
<PAGE>
the Committee to the extent necessary to satisfy the requirements of the Code
and transitional relief provided with respect to Code Section 409A.

                                   ARTICLE 5

                               RETIREMENT BENEFIT

      5.1 Retirement Benefit. Subject to the Deduction Limitation, a Participant
  who Retires shall receive, as a Retirement Benefit, his or her Account
  Balance.

      5.2 Payment of Retirement Benefits. A Participant, in connection with his
  or her commencement of Participation in the Plan, shall elect on an Election
  Form to receive the Retirement Benefit in a lump sum or pursuant to an Annual
  Installment Method over a period of up to fifteen (15) years, with the portion
  of the Retirement Benefit which is yet to be distributed being credited with
  earnings as set forth in Section 3.6. The Participant may change this election
  to an allowable alternative payout period by submitting a new Election Form to
  the Committee, provided that (i) any such Election Form is submitted at least
  twelve (12) months prior to the Participant's Retirement (and complies with
  the Code and 409A transitional relief provided thereunder) (ii) the election
  takes effect at least twelve (12) months after the date on which the election
  is made and (iii) the first payment to which the election applies must be
  deferred for a period of not less than five (5) years from the date such
  payment would otherwise have been made; provided, however, no subsequent
  change in the method of payout may be made to the extent such change results
  in the acceleration of a distribution. For example, if a Participant has
  elected an Annual Installment Method, the Participant may not submit a new
  Election Form to the Committee to change the method of payment to a lump sum.
  The Election Form most recently accepted by the Committee shall govern the
  payout of the Retirement Benefit. The lump sum payment shall be made, or
  installment payments shall commence, no later than sixty (60) days from the
  date the Participant Retires. However, if the Participant is a "Key Employee"
  as defined in Code Section 416(i), as applied by Code Section 409A, and the
  stock of the Company is publicly-traded, the Participant's Retirement Benefit
  shall not be paid sooner than six (6) months following the Participant's
  separation of service as it may be defined with reference to Section 409A of
  the Code and transitional relief provided thereunder. Despite the foregoing,
  if the Participant's Account Balance at the time of his or her Retirement is
  less than ten thousand dollars ($10,000), payment of the Retirement Benefit
  will be made in a lump sum within sixty (60) days following Retirement. In the
  event this Section 5.2 fails to meet the limitations or requirements of the
  Code and 409A transitional relief provided thereunder, then this Section 5.2
  shall be modified by action of the Committee to the extent necessary to
  satisfy the requirements of the Code and transitional relief provided with
  respect to Code Section 409A.

      5.3 Death Prior to Completion of Retirement Benefits. If a Participant
  dies after Retirement but before the Retirement Benefit is paid in full, the
  Participant's unpaid Retirement Benefit payments shall continue and shall be
  paid to the Participant's Beneficiary over the remaining number of years and
  in the same amounts as that benefit would have been paid to the Participant
  had the Participant survived.

                                      12.
<PAGE>
                                   ARTICLE 6

                         PRE-RETIREMENT SURVIVOR BENEFIT

      6.1 Pre-Retirement Survivor Benefit. If a Participant dies before he or
  she Retires, the Participant's Beneficiary shall receive a Pre-Retirement
  Survivor Benefit equal to the Participant's Account Balance.

      6.2 Payment of Pre-Retirement Survivor Benefits. The Pre-Retirement
  Survivor Benefit shall be paid in the payment period previously elected by the
  Participant for payment of the Retirement Benefit. The first (or only payment,
  if made in lump sum) shall be made within sixty (60) days of the Committee's
  receiving proof of the Participant's death.

                                   ARTICLE 7

                               TERMINATION BENEFIT

      7.1 Termination Benefits. Subject to the Deduction Limitation, if a
  Participant experiences a Termination of Employment prior to his or her
  Retirement, the Participant shall receive a Termination Benefit, which shall
  be equal to the Participant's vested Account Balance, valued as of the
  Termination date and credited with earnings in accordance with Section 3.6.

      7.2 Payment of Termination Benefit. A Participant's Termination Benefit
  shall be paid in a lump sum no later than sixty (60) days following the date
  of the Participant's Termination of Employment. However, if the Participant is
  a "Key Employee" as defined in Code Section 416(i), as applied by Code Section
  409A, and the stock of the Company is publicly-traded, the Participant's
  Termination Benefit shall not be paid sooner than six (6) months following the
  Participant's separation of service as it may be defined with reference to
  Section 409A of the Code and transitional relief provided thereunder.

      7.3 Death Prior to Completion of Termination Benefits. If a Participant
  dies after Termination of Employment, but before the Termination Benefit is
  paid, the Participant's unpaid Termination Benefit shall be paid to the
  Participant's Beneficiary.

                                   ARTICLE 8

                            CHANGE IN CONTROL BENEFIT

      8.1 Change In Control. Notwithstanding anything herein to the contrary,
  upon a Change in Control of the Employer, each Participant shall become fully
  vested in his or her Account Balance.

                                      13.
<PAGE>
                                   ARTICLE 9

                          DISABILITY WAIVER AND BENEFIT

      9.1 Disability Waiver.

            (a) Eligibility. By participating in the Plan, all Participants are
eligible for this waiver.

            (b) Waiver of Deferral: Credit for Plan Year of Disability. A
Participant who is determined by the Committee to be suffering from a Disability
shall be excused from fulfilling that portion of the Annual Deferral Amount
commitment that would otherwise have been withheld from a Participant's Base
Annual Salary, Director Fees, Annual Bonus and/or Annual Commissions for the
Plan Year during which the Participant first suffers a Disability. During the
period of Disability, the Participant shall not be allowed to make any
additional deferral elections.

            (c) Return to Work. If a Participant returns to employment or
service with an Employer after a Disability ceases, the Participant may elect to
defer an Annual Deferral Amount for the Plan Year following his or her return to
employment or service and for every Plan Year thereafter while a Participant in
the Plan; provided such deferral elections are otherwise allowed and an Election
Form is delivered to and accepted by the Committee for each such election in
accordance with Section 3.2 above.

      9.2 Benefit Eligibility. A Participant suffering a Disability shall, for
  benefit purposes under this Plan but subject to Section 9.1, above, continue
  to be considered to be employed or providing services and shall be eligible
  for the benefits provided for in Articles 4, 5, 6, and 7 in accordance with
  the provisions of those Articles. Notwithstanding the above, the Committee
  shall have the right, in its sole and absolute discretion and for purposes of
  this Plan only, to deem a Participant's employment or service terminated for
  purposes of this Plan at any time after such Participant is determined to be
  permanently and totally disabled under the Employer's long-term disability
  plan or would have been determined to be permanently and totally disabled had
  he or she participated in such plan.

      9.3 Nonqualified Deferred Compensation Plan Rules. In the event this
  Article 9 fails to meet the limitations or requirements of the Code, inclusive
  of transitional relief provided under Section 409A, then this Article 9 shall
  be modified by action of the Committee to the extent necessary to satisfy the
  requirements of the Code.

                                   ARTICLE 10

                             BENEFICIARY DESIGNATION

      10.1 Beneficiary. Each Participant shall have the right, at any time, to
  designate his or her Beneficiary (both primary as well as contingent) to
  receive any benefits payable under the Plan to a Beneficiary upon the death of
  a Participant. The Beneficiary designated under this Plan may be the same as
  or different from the Beneficiary designation under any other plan of an
  Employer in which the Participant participates.

      10.2 Beneficiary Designation; Change; Spousal Consent. A Participant shall
  designate his or her Beneficiary by completing and signing the Beneficiary
  Designation Form, and returning it to the Committee or its designated agent. A
  Participant shall have the right to change a Beneficiary by completing,
  signing, and otherwise complying with the terms of the Beneficiary Designation
  Form and

                                      14.
<PAGE>
  the Committee's rules and procedures, as in effect from time to time. Where
  required by law or by the Committee, in its sole and absolute discretion, if
  the Participant names someone other than his or her spouse as a Beneficiary, a
  spousal consent, in the form designated by the Committee, must be signed by
  that Participant's spouse and returned to the Committee. Upon the acceptance
  by the Committee of a new Beneficiary Designation Form, all Beneficiary
  designations previously filed shall be canceled. The Committee shall be
  entitled to rely on the last Beneficiary Designation Form filed by the
  Participant and accepted by the Committee prior to his or her death.

      10.3 Acknowledgement. No designation or change in designation of a
  Beneficiary shall be effective until received, accepted and acknowledged in
  writing by the Committee or its designated agent.

      10.4 No Beneficiary Designation. If a Participant fails to designate a
  Beneficiary as provided in Sections 10.1, 10.2, and 10.3 above, or, if all
  designated Beneficiaries predecease the Participant or die prior to complete
  distribution of the Participant's benefits, then the Participant's designated
  Beneficiary shall be his or her surviving spouse. If the Participant has no
  surviving spouse, the benefits remaining under the Plan shall be paid to the
  Participant's issue upon the principle of representation and if there is no
  such issue, to the Participant's estate.

      10.5 Doubt as to Beneficiary. If the Committee has any doubt as to the
  proper Beneficiary to receive payments pursuant to this Plan, the Committee
  shall have the right, exercisable in its sole and absolute discretion, to
  cause the Participant's Employer to withhold such payments until this matter
  is resolved to the Committee's satisfaction.

      10.6 Discharge of Obligations. The payment of benefits under the Plan to a
  Beneficiary shall fully and completely discharge all Employers and the
  Committee from all further obligations under this Plan with respect to the
  Participant, and that Participant's Plan Agreement shall terminate upon such
  full payment of benefits.

                                   ARTICLE 11

                                LEAVE OF ABSENCE

      11.1 Paid leave of Absence. If a Participant is authorized by the
  Participant's Employer for any reason to take a paid leave of absence from the
  employment or service of the Employer, the Participant shall continue to be
  considered actively employed by or in the service of the Employer for purposes
  hereof and the Annual Deferral Amount shall continue to be withheld during
  such paid leave of absence in accordance with Section 3.3.

      11.2 Unpaid Leave of Absence. If a Participant is authorized by the
  Participant's Employer for any reason to take an unpaid leave of absence from
  the employment of or service with the Employer, the Participant shall continue
  to be considered actively employed by the Employer for purposes hereof. Upon
  the earlier of the date the leave of absence expires or the date the
  Participant returns to paid employment or service, deferrals shall resume for
  the remaining portion of the Plan Year in which the expiration or return
  occurs, based on the deferral election, if any, made for that Plan Year. If no
  election was made for that Plan Year, no deferral shall be withheld for the
  remainder of the Plan Year.

                                      15.
<PAGE>
                                   ARTICLE 12

                   TERMINATION, AMENDMENT, OR MODIFICATION

      12.1 Termination. Each Employer reserves the right to terminate the Plan
  at any time with respect to Participants employed by the Employer or providing
  services to the Employer. Upon the termination of the Plan, the Participant's
  Account Balance shall be paid out in accordance with the Participant's prior
  elections and any overriding provisions of the Plan. Notwithstanding the
  foregoing, upon and for twelve (12) months following the occurrence of a
  Change in Control, an Employer shall have the right, in its sole and absolute
  discretion, to terminate the Plan and, notwithstanding any elections made by
  the Participant, to pay all such benefits in a lump sum, subject to the
  limitations of the Code and transitional relief provided with respect to Code
  Section 409A.

      12.2 Amendment. Any Employer may, at any time, amend or modify the Plan in
  whole or in part with respect to that Employer; provided, however, that no
  amendment or modification shall be effective to decrease a Participant's
  Account Balance at the time of such amendment, calculated as though the
  Participant had experienced a Termination of Employment as of the effective
  date of the amendment or modification, or, if the amendment or modification
  occurs after the date upon which the Participant was eligible to Retire, the
  Participant had Retired as of the effective date of the amendment or
  modification. In addition, no amendment or modification of the Plan shall
  affect the right of any Participant or Beneficiary who was eligible to or did
  Retire on or before the effective date of such amendment or modification to
  receive benefits in the manner he or she elected. However, no such amendment
  shall violate the limitations of the Code and transitional relief provided
  with respect to Code Section 409A.

      12.3 Effect of Payment. The full payment of the applicable benefit under
  Articles 4, 5, 6, or 7 of the Plan shall completely discharge all obligations
  to a Participant under this Plan and the Participant's Plan Agreement shall
  terminate.

                                   ARTICLE 13

                                 ADMINISTRATION

      13.1 Committee Duties. This Plan shall be administered by a Committee, to
  be known as the Gen-Probe Incorporated Deferred Compensation Plan Committee,
  which shall consist of individuals approved by the Board, or, after the
  occurrence of a Change in Control, a third party who, before the occurrence of
  such Change in Control, was appointed by the Board to act as the Plan
  Administrator in the event of a Change in Control, and accepted such
  appointment. Members of the Committee may be Participants under this Plan. The
  Committee shall also have the discretion and authority to make, amend,
  interpret, and enforce all appropriate rules and regulations for the
  administration of this Plan and decide or resolve any and all questions,
  including but not limited to, interpretations of this Plan and entitlement to
  or amount of benefits under this Plan, as may arise in connection with the
  Plan. Any Committee member must recuse himself or herself on any matter of
  personal interest to such member that comes before the Committee.

      13.2 Agents. In the administration of this Plan, the Committee may, from
  time to time, employ agents and delegate to them such administrative duties as
  it sees fit and may from time to time consult with counsel who may be counsel
  to any Employer.

                                      16.
<PAGE>
      13.3 Binding Effect of Decisions. The decision or action of the Committee
  with respect to any question arising out of or in connection with the
  administration, interpretation and application of the Plan and the rules and
  regulations promulgated hereunder shall be final and conclusive and binding
  upon all persons having any interest in the Plan.

      13.4 Indemnity of Committee. All Employers shall indemnify and hold
  harmless the members of the Committee against any and all claims, losses,
  damages, expenses, or liabilities arising from any action or failure to act
  with respect to this Plan, except in the case of gross negligence or willful
  misconduct by the Committee or any of its members.

      13.5 Employer Information. To enable the Committee to perform its
  functions, each Employer shall supply full and timely information to the
  Committee on all matters relating to the compensation of its Participants, the
  date and circumstances of the Retirement, Disability, death, or Termination of
  Employment of its Participants, and such other pertinent information as the
  Committee may reasonably require.

                                   ARTICLE 14

                      ADMINISTRATION UPON CHANGE IN CONTROL

      14.1 Committee. For purposes of this Plan, the Committee shall be the
  Administrator at all times prior to the occurrence of a Change in Control.
  Upon and after the occurrence of a Change in Control, the Administrator shall
  be an independent third party selected by the individual who, immediately
  prior to such event, was the Company's CEO or, if not so identified, the
  Company's highest ranking officer (the "Ex-CEO"); provided, however, the
  Committee, as constituted immediately prior to a Change in Control, shall
  continue to act as the Administrator of this Plan until the date on which the
  independent third party selected by the CEO accepts the responsibilities of
  Administrator under this Plan. Upon and after a Change in Control, the
  Administrator shall have the discretionary power to determine all questions
  arising in connection with the administration of the Plan and the
  interpretation of the Plan and Trust except benefit entitlement determinations
  upon appeal; provided, however, upon and after the occurrence of a Change in
  Control, the Administrator shall have no power to direct the investment of
  Plan or Trust assets or select any investment manager or custodial firm for
  the Plan or Trust. Upon and after the occurrence of a Change in Control, the
  Company must: (1) pay all reasonable administrative expenses and fees of the
  Administrator; (2) indemnify the Administrator against any costs, expenses and
  liabilities including, without limitation, attorney's fees and expenses
  arising in connection with the performance of the Administrator hereunder,
  except with respect to matters resulting from the gross negligence or willful
  misconduct of the administrator or its employees or agents; and (3) supply
  full and timely information to the Administrator on all matters relating to
  the Plan, the Trust, the Participants and their Beneficiaries, the Account
  Balances of the Participants, the date and circumstances of the Disability,
  death or Termination of Employment of the Participants, and such other
  pertinent information as the Administrator may reasonably require. Upon and
  after a Change in Control, the Administrator may only be terminated (and a
  replacement appointed) by the Ex-CEO or, if not so identified, the Company's
  highest ranking officer prior to the Change in Control. Upon and after a
  Change in Control, the Administrator may not be terminated by the Company.

      14.2 Benefit Review Committee. Upon and after the occurrence of a Change
  in Control, the Benefits Review Committee, as constituted immediately prior to
  a Change in Control, shall continue to review denied claims as provided in
  Article 15 of this Plan. In the event any member of the Benefits Review
  Committee resigns or is unable to perform the duties of a member of the
  Benefits Review

                                      17.
<PAGE>
  Committee, successors to such members shall be selected by the Ex-CEO. Upon
  and after a Change in Control, the Benefits Review Committee shall have the
  discretionary power and authority to determine all questions arising in
  connection with the review of a denied claim as provided in Section 15.3. Upon
  and after the occurrence of a Change in Control, the Company must: (1) pay all
  reasonable administrative expenses and fees of the Benefits Review Committee;
  (2) indemnify the Benefits Review Committee against any costs, expenses and
  liabilities including, without limitation, attorney's fees and expenses
  arising in connection with the performance of the Benefits Review Committee
  hereunder, except with respect to matters resulting from the gross negligence
  or willful misconduct of the Benefits Review Committee or its employees or
  agents; and (3) supply full and timely information to the Benefits Review
  Committee on all matters relating to the Plan, the Trust, the Participants and
  their Beneficiaries, the Account Balances of the Participants, the date and
  circumstances of the Disability, death or Termination of Employment of the
  Participants, and such other pertinent information as the Benefits Review
  Committee may reasonably require. Upon and after a Change in Control, a member
  of the Benefits Review Committee may not be removed by the Company but may
  only be removed (and a replacement appointed) by the Ex-CEO.

                                   ARTICLE 15

                                CLAIMS PROCEDURE

      15.1 Presentation of Claim. Any Participant or Beneficiary of a deceased
  Participant (such Participant or Beneficiary being referred to below as a
  "Claimant") may deliver to the Committee a written claim for a determination
  with respect to the amounts distributable to such Claimant from the Plan. If
  such a claim relates to the contents of a notice received by the Claimant, the
  claim must be made within sixty (60) days after such notice was received by
  the Claimant. The claim must state with particularity the determination
  desired by the Claimant. All other claims must be made within one hundred
  eighty (180) days of the date on which the event that caused the claim to
  arise occurred.

      15.2 Notification of Decision. The Committee shall consider a Claimant's
  claim within a reasonable time, and shall notify the Claimant in writing but
  not later than ninety (90) days (one hundred eighty (180) days if the
  Committee determines special circumstances apply):

            (a) That the Claimant's requested determination has been made, and
that the claim has been allowed in full; or

            (b) That the Committee has reached a conclusion contrary, in whole
or in part, to the Claimant's requested determination, and such notice must set
forth in a manner calculated to be understood by the Claimant:

                  (i) the specific reason(s) for the denial if the claim, or any
      part of it;

                  (ii) specific reference(s) to pertinent provisions of the Plan
      upon which such denial was based;

                  (iii) a description of any additional material or information
      necessary for the Claimant to perfect the claim, and an explanation of why
      such material or information is necessary; and

                                      18.
<PAGE>
                  (iv) an explanation of the claim review procedure set forth in
      Section 15.3 below.

      15.3 Review of a Denied Claim. Within sixty (60) days after receiving a
  notice from the Committee that a claim has been denied, in whole or in part, a
  Claimant (or the Claimant's duly authorized representative) may file with the
  Committee a written request for a review of the denial of the claim.
  Thereafter, the Claimant (or the Claimant's duly authorized representative):

            (a) may review pertinent documents;

            (b) may submit written comments or other documents;

            (c) may request a hearing, which the Committee, in its sole
discretion, may grant; and

            (d) will be provided, upon request, reasonable access to, and copies
of, all documents, records and other information relevant to the Claimant's
claim.

      The Committee will provide a decision on review within sixty (60) days
following the filing, or one hundred twenty (120) days if special circumstances
exist.

      15.4 Decision on Review. The Committee shall render its decision on review
  promptly, and not later than sixty (60) days after the filing of a written
  request for review of the denial, unless a hearing is held or other special
  circumstances require additional time, in which case the Committee's decision
  must be rendered within one hundred twenty (120) days after such date. Such
  decision must be written in a manner calculated to be understood by the
  Claimant, and it must contain:

            (a) specific reasons for the decision;

            (b) specific reference(s) to the pertinent Plan provisions upon
which the decision was based; and

            (c) such other matters as the Committee deems relevant.

      15.5 Legal Action. A Claimant's compliance with the foregoing provisions
  of this Article 15 is a mandatory prerequisite to a Claimant's right to
  commence any arbitration proceeding with respect to any claim for benefits
  under this Plan.

      15.6 Arbitration. Any claim or controversy between Gen-Probe Incorporated
  and a Participant or Beneficiary which the parties are unable to resolve
  themselves, and which is not resolved through the claims procedure set forth
  in Article 15, including any claim arising out of a Participant's employment
  or service or the termination of that employment or service, and including any
  claim arising out of, connected with, or related to the formation,
  interpretation, performance, or breach of any provision of this Plan, and any
  claim or dispute as to whether a claim is subject to arbitration, shall be
  submitted to and resolved exclusively by expedited binding arbitration by a
  single arbitrator in accordance with the following procedures:

            (a) In the event of a claim or controversy subject to this
arbitration provision, the complaining party shall promptly send written notice
to the other party identifying the matter in dispute and the proposed remedy.
Following the giving of such notice, the parties shall meet and attempt in good
faith to resolve the matter. In the event the parties are unable to resolve the
matter within twenty one (21) days, the parties shall meet and attempt in good
faith to select a single arbitrator acceptable to both

                                      19.
<PAGE>
parties. If a single arbitrator is not selected by mutual consent within ten
(10) business days following the giving of the written notice of dispute, an
arbitrator shall be selected from a list of nine persons each of whom shall be
an attorney who is either engaged in the active practice of law or a recognized
arbitrator and who, in either event, is experienced in serving as an arbitrator
in disputes between employers and employees, which list shall be provided by the
main San Diego office of either JAMS, the American Arbitration Association
("AAA") or the Federal Mediation and Conciliation Service. If, within three
business days of the parties' receipt of such list, the parties are unable to
agree upon an arbitrator from the list, then the parties shall each strike names
alternatively from the list, with the first to strike being determined by the
flip of a coin. After each party has had four strikes, the remaining name on the
list shall be the arbitrator. If such person is unable to serve for any reason,
the parties shall repeat this process until an arbitrator is selected.

            (b) Unless the parties agree otherwise, within sixty (60) days of
the selection of the arbitrator, a hearing shall be conducted before such
arbitrator at a time and a place in San Diego County agreed upon by the parties.
In the event the parties are unable to agree upon the time or place of the
arbitration, the time and place within San Diego County shall be designated by
the arbitrator after consultation with the parties. Within thirty (30) days of
the conclusion of the arbitration hearing, the arbitrator shall issue an award,
accompanied by a written decision explaining the basis for the arbitrator's
award.

            (c) In any arbitration hereunder, the Company shall pay all
administrative fees of the arbitration and all fees of the arbitrator, except
that the Participant or Beneficiary may, if he/she/it wishes, pay up to one-half
of those amounts. Each party shall pay its own attorneys' fees, costs, and
expenses, unless the arbitrator orders otherwise. The prevailing party in such
arbitration, as determined by the arbitrator, and in any enforcement or other
court proceedings, shall be entitled, to the extent permitted by law, to
reimbursement from the other party for all of the prevailing party's costs
(including but not limited to the arbitrator's compensation), expenses, and
attorneys' fees. The arbitrator shall have no authority to add to or to modify
this Plan, shall apply all applicable law, and shall have no lesser and no
greater remedial authority than would a court of law resolving the same claim or
controversy. The arbitrator shall, upon an appropriate motion, dismiss any claim
without an evidentiary hearing if the party bringing the motion establishes that
it would be entitled to summary judgment if the matter had been pursued in court
litigation. The parties shall be entitled to discovery as follows. Each party
may take no more than three depositions. Company may depose the Participant or
Beneficiary plus two other witnesses, and Participant or Beneficiary may depose
Company, within the meaning of Rule 30(b)(6) of the Federal Rules of Civil
Procedure, plus two other witnesses. Each party may make such reasonable
document discovery requests as are allowed in the discretion of the arbitrator.

            (d) The decision of the arbitrator shall be final, binding, and
non-appealable, and may be enforced as a final judgment in any court of
competent jurisdiction.

            (e) This arbitration provision of the Plan shall extend to claims
against any parent, Subsidiary, or affiliate of each party, and, when acting
within such capacity, any officer, director, shareholder, Participant,
Beneficiary, or agent of each party, or of any of the above, and shall apply as
well to claims arising out of state and federal statutes and local ordinances as
well as to claims arising under the common law or under this Plan.

            (f) Notwithstanding the foregoing, and unless otherwise agreed
between the parties, either party may, in an appropriate matter, apply to a
court for provisional relief, including a temporary restraining order or
preliminary injunction, on the ground that the arbitration award to which the
applicant may be entitled may be rendered ineffectual without provisional
relief.

                                      20.
<PAGE>
            (g) Any arbitration hereunder shall be conducted in accordance with
the Federal Arbitration Act; provided, however, that, in the event of any
inconsistency between the rules and procedures of the Act and the terms of this
Plan, the terms of this Plan shall prevail.

            (h) If any of the provisions of this Section 15.6 are determined to
be unlawful or otherwise unenforceable, in whole or in part, such determination
shall not affect the validity of the remainder of this Section 15.6, and this
Section 15.6 shall be reformed to the extent necessary to carry out its
provisions to the greatest extent possible and to insure that the resolution of
all conflicts between the parties, including those arising out of statutory
claims, shall be resolved by neutral, binding arbitration. If a court should
find that the provisions of this Section 15.6 are not absolutely binding, then
the parties intend any arbitration decision and award to be fully admissible in
evidence in any subsequent action, given great weight by any finder of fact, and
treated as determinative to the maximum extent permitted by law.

            (i) The parties do not agree to arbitrate any putative class action
or any other representative action. The parties agree to arbitrate only the
claim(s) of a single Participant.

                                   ARTICLE 16

                                      TRUST

      16.1 Establishment of Trust. The Company shall establish the Trust, and
  the Employer(s) shall transfer over to the Trust such assets, if any, as the
  Committee determines, from time to time and in its sole discretion, are
  appropriate.

      16.2 Interrelationship of the Plan and the Trust. The provisions of the
  Plan shall govern the rights of a Participant to receive distributions
  pursuant to the Plan. The provisions of the Trust shall govern the rights of
  the Participant and the creditors of the Employers to the assets transferred
  to the Trust. The Employer(s) shall at all times remain liable to carry out
  their obligations under the Plan. The Employers' obligations under the Plan
  may be satisfied with Trust assets distributed pursuant to the terms of the
  Trust. Any such distribution shall reduce the Employer's obligations under
  this Agreement.

                                   ARTICLE 17

                                  MISCELLANEOUS

      17.1 Unsecured General Creditor. Participants and their Beneficiaries,
  heirs, successors, and assigns shall have no legal or equitable right,
  interest or claim in any property or assets of an Employer. Any and all of an
  Employer's assets shall be, and remain, the general, un-pledged, and
  unrestricted assets of the Employer. An Employer's obligation under the Plan
  shall be merely that of an unfunded and unsecured promise to pay money in the
  future and the sole interest of a Participant and a Participant's
  beneficiaries shall be as a general creditor of the Company and any Employer.

      17.2 Employer's Liability. An Employer's liability for the payment of
  benefits shall be defined only by the Plan. An Employer shall have no
  obligation to a Participant under the Plan except as expressly provided in the
  Plan.

                                      21.
<PAGE>
      17.3 Non-Assignability. Neither a Participant nor any other person shall
  have any right to commute, sell, assign, transfer, pledge, anticipate,
  mortgage, or otherwise encumber, transfer, hypothecate, or convey in advance
  of actual receipt, the amounts, if any, payable hereunder, or any part
  thereof, which are, and all rights to which are expressly declared to be
  un-assignable and non-transferable. No part of the amounts payable shall,
  prior to actual payments be subject to seizure or sequestration for the
  payment of any debts, judgments, alimony, or separate maintenance owed by a
  Participant or any other person, nor be transferable by operation of law in
  the event of a Participant's or any other person's bankruptcy or insolvency.

      17.4 Coordination with Other Benefits. The benefits provided for a
  Participant and Participant's Beneficiary under the Plan are in addition to
  any other benefits available to such Participant under any other plan or
  program for employees of the Participant's Employer. The Plan shall supplement
  and shall not supersede, modify, or amend any other such plan or program
  except as may otherwise be expressly provided.

      17.5 Not a Contract of Employment or Service. The terms and conditions of
  this Plan shall not be deemed to constitute a contract of employment or
  service between any Employer and the Participant. Any employment or service is
  hereby acknowledged to be an "at will" relationship that can be terminated at
  any time for any reason, with or without cause, unless expressly provided in a
  written agreement. Nothing in this Plan shall be deemed to give a Participant
  the right to be retained in the service of any Employer, either as an employee
  or a Director, or to interfere with the right of any Employer to discipline,
  demote, discharge or change the terms of employment at any time, with or
  without cause, of the Participant at any time.

      17.6 Furnishing Information. A Participant or his or her Beneficiary will
  cooperate with the Committee by furnishing any and all information requested
  by the Committee and take such other actions as may be requested in order to
  facilitate the administration of the Plan and the payments of benefits
  hereunder, including but not limited to taking such physical examinations as
  the Committee may deem necessary.

      17.7 Terms. Whenever any words are used herein in the singular or in the
  plural, they shall be construed as though they were used in the plural or the
  singular, as the case may be, in all cases where they would so apply. The
  masculine pronoun shall be deemed to include the feminine and vice versa,
  unless the context clearly indicates otherwise.

      17.8 Captions. The captions of the articles, Sections, and paragraphs of
  this Plan are for convenience only and shall not control or affect the meaning
  or construction of any of its provisions.

      17.9 Governing Law. Subject to ERISA, the provisions of this Plan shall be
  construed and interpreted according to the laws of the State of California.

      17.10 Notice. Any notice or filing required or permitted to be given to
  the Committee under this Plan shall be sufficient if in writing and
  hand-delivered, or sent by registered or certified mail to:

            GEN-PROBE INCORPORATED
            ATTN:  VP OF HUMAN RESOURCES
            10210 GENETIC CENTER DRIVE
            SAN DIEGO, CA 92121-4362

                                      22.
<PAGE>
            with copies to:

            General Counsel
            Fax: (858) 410-8564

            Such notice shall be deemed given as of the date of delivery or, if
delivery is made by mail, as of the date shown on the postmark on the receipt
for registration or certification.

            Any notice or filing required or permitted to be given to a
Participant under this Plan shall be sufficient if in writing and
hand-delivered, or sent by, mail, to the last known address of the Participant.

      17.11 Successors. The provisions of this Plan shall bind and inure to the
  benefit of the Participant's Employer and its successors and assigns and the
  Participant, the Participant's Beneficiaries, and their permitted successors
  and assigns.

      17.12 Spouse's Interest. A Participant's Beneficiary designation shall be
  deemed automatically revoked if the Participant names a spouse as Beneficiary
  and the marriage is later dissolved or the spouse dies. Without limiting the
  generality of the foregoing, the interest in the benefits hereunder of a
  spouse of a Participant who has predeceased the Participant or whose marriage
  with the Participant has been dissolved shall automatically pass to the
  Participant and shall not be transferable by such spouse in any manner,
  including but not limited to such spouse's will, or under the laws of
  intestate succession. Nothing herein is intended to preclude compliance with a
  valid domestic relations order that meets the qualifications of at Qualified
  Domestic Relations Order as defined in ERISA.

      17.13 Validity. In case any provision of this Plan shall be illegal or
  invalid for any reason, said illegality or invalidity shall not affect the
  remaining parts hereof, but this Plan shall be construed and enforced as if
  such illegal or invalid provision had never been inserted herein.

      17.14 Incompetent. If the Committee determines in its discretion that a
  benefit under this Plan is to be paid to a minor, a person declared
  incompetent or to a person incapable of handling the disposition of that
  person's property, the Committee may direct payment of such benefit to the
  guardian, legal representative, or person having the care and custody of such
  minor, incompetent, or incapable person. The Committee may require proof of
  minority, incompetency, incapacity, or guardianship, as it may deem
  appropriate prior to distribution of the benefit. Any payment of a benefit
  shall be a payment for the account of the Participant and the Participant's
  Beneficiary, as the case may be, and shall be a complete discharge of any
  liability under the Plan for such payment amount.

      17.15 Court Order. The Committee is authorized to make any payments
  directed by court order in any action in which the Plan or Committee has been
  named as a party.

      17.16 Legal Fees To Enforce Rights After Change in Control. The Company is
  aware that upon the occurrence of a Change in Control, the Board (which might
  then be composed of new members) or a stockholder of the Company, or of any
  successor corporation might then cause or attempt to cause the Company or such
  successor to refuse to comply with its obligations under the Plan and might
  cause or attempt to cause the Company to institute, or may institute,
  litigation seeking to deny Participants the benefits intended under the Plan.
  In these circumstances, the purpose of the Plan could be frustrated.
  Accordingly, if, following a Change in Control, it should appear to any
  Participant that the Company or its Employer has failed to comply with any of
  its obligations under the Plan or any agreement thereunder or, if the Company
  or any other person takes any action to declare the Plan void or unenforceable
  or institutes any litigation or other legal action designed to deny, diminish
  or to recover

                                      23.
<PAGE>
  from any Participant the benefits intended to be provided, then the Company
  irrevocably authorizes such Participant to retain counsel of his or her choice
  at the expense of the Company to represent such Participant in connection with
  the initiation or defense of any litigation or other legal action, whether by
  or against the Company or any director, officer, stockholder or other person
  affiliated with the Company or any successor thereto in any jurisdiction.

      IN WITNESS WHEREOF, the Company has signed this Plan Document as of
June 30, 2005

                                    GEN-PROBE INCORPORATED

                                    a Delaware corporation

                                    By:    /s/ Henry L. Nordhoff
                                           _____________________________

                                    Title: /s/ President and CEO
                                           _____________________________

                                       24.<PAGE>

                                                                   EXHIBIT 10.85

                             GEN-PROBE INCORPORATED
              DEFERRED ISSUANCE RESTRICTED STOCK AWARD GRANT NOTICE
                         (THE 2003 INCENTIVE AWARD PLAN)

Gen-Probe Incorporated (the "COMPANY"), pursuant to Section 7 of The 2003
Incentive Award Plan of Gen-Probe Incorporated (the "PLAN"), hereby awards to
Employee a Deferred Issuance Restricted Stock Award (the "SHARES") as set forth
below (the "AWARD"). This Award shall be evidenced by a Deferred Issuance
Restricted Stock Award Agreement (the "AGREEMENT"). This Award is subject to all
of the terms and conditions as set forth herein and in the applicable Agreement,
and the Plan, all of which are attached hereto and incorporated herein in their
entirety. Capitalized terms not otherwise defined herein shall have the meanings
set forth in the Plan.

EMPLOYEE:                              HENRY L. NORDHOFF
DATE OF GRANT:                         MAY 20, 2005
NUMBER OF SHARES SUBJECT TO AWARD:     20,000
FAIR MARKET VALUE PER SHARE:           $43.55

VESTING SCHEDULE:      5,000 Shares subject to the Award shall vest on May 20,
                       2006, and 1/48th of the Shares shall vest monthly
                       thereafter over the following three (3) years; provided,
                       however, that no Shares shall vest following Employee's
                       Termination of Employment.

ISSUANCE SCHEDULE:     The Shares will be issued in accordance with the issuance
                       schedule set forth in Section 2.4 of the Agreement.

ADDITIONAL TERMS/ACKNOWLEDGEMENTS: The undersigned acknowledges receipt of, and
understands and agrees to, this Grant Notice, the Agreement and the Plan.
Employee further acknowledges that as of the Date of Grant, this Grant Notice,
the Award Agreement and the Plan set forth the entire understanding between
Employee and the Company regarding the acquisition of Shares and supersede all
prior oral and written agreements on that subject with the exception of (i)
Awards previously granted and delivered to Employee under the Plan, and (ii) the
following agreements only:

         OTHER AGREEMENTS:               None

GEN-PROBE INCORPORATED                          HENRY L. NORDHOFF

By:  /s/  R. William Bowen                         /s/  Henry L. Nordhoff
    -------------------------------------       --------------------------------
          R. William Bowen                              Henry L. Nordhoff

Title: Vice President and General Counsel       Date:       June 23, 2005
                                                      --------------------------

Date:     May 20, 2005
      -----------------------------------

ATTACHMENTS:  Gen-Probe Incorporated 2003 Incentive Award Plan and Deferred
              Issuance Restricted Stock Award Agreement

<PAGE>

                                  ATTACHMENT I

                GEN-PROBE INCORPORATED 2003 INCENTIVE AWARD PLAN

<PAGE>

                          THE 2003 INCENTIVE AWARD PLAN

                                       OF

                             GEN-PROBE INCORPORATED
     (adopted by Board of Directors on March 3, 2003, and amended on May 13,
                  2003) (adopted by Stockholders May 29, 2003)

            Gen-Probe Incorporated, a Delaware corporation, has adopted The 2003
Incentive Award Plan of Gen-Probe Incorporated (the "Plan"), effective May 29,
2003, for the benefit of its eligible Employees, Consultants and Directors.

            The purposes of the Plan are as follows:

            (1) To provide an additional incentive for Directors, Employees and
Consultants (as such terms are defined below) to further the growth, development
and financial success of the Company by personally benefiting through the
ownership of Company stock and/or rights which recognize such growth,
development and financial success.

            (2) To enable the Company to obtain and retain the services of
Directors, Employees and Consultants considered essential to the long range
success of the Company by offering them an opportunity to own stock in the
Company and/or rights which will reflect the growth, development and financial
success of the Company.

                                   ARTICLE I.

                                   DEFINITIONS

            1.1. General. Whenever the following terms are used in the Plan they
shall have the meanings specified below, unless the context clearly indicates
otherwise.

            1.2. Administrator. "Administrator" shall mean the entity that
conducts the general administration of the Plan as provided herein. With
reference to the administration of the Plan with respect to Options and shares
of Restricted Stock granted to Independent Directors, the term "Administrator"
shall refer to the Board. With reference to the administration of the Plan with
respect to any other Awards, the term "Administrator" shall refer to the
Committee, except to the extent the Board has assumed the authority for
administration of the Plan as provided in Section 9.2.

            1.3. Award. "Award" shall mean an Option, a Restricted Stock award
or a Stock Appreciation Right which may be awarded or granted under the Plan
(collectively, "Awards").

                                       1.
<PAGE>

            1.4. Award Agreement. "Award Agreement" shall mean a written
agreement executed by an authorized officer of the Company and the Holder, which
shall contain such terms and conditions with respect to an Award, as the
Administrator shall determine, consistent with the Plan.

            1.5. Award Limit. "Award Limit" shall mean One Million
(1,000,000)(1) shares of Common Stock, as adjusted pursuant to Section 10.3 of
the Plan.

            1.6. Board. "Board" shall mean the Board of Directors of the
Company.

            1.7. Change in Control. "Change in Control" shall mean a change in
ownership or control of the Company effected through any of the following
transactions:

            (a) any person or related group of persons (other than the Company
or a person that, prior to such transaction, directly or indirectly controls, is
controlled by, or is under common control with, the Company) directly or
indirectly acquires beneficial ownership (within the meaning of Rule 13d-3 under
the Exchange Act) of securities possessing more than fifty percent (50%) of the
total combined voting power of the Company's outstanding securities pursuant to
a tender or exchange offer for securities of the Company;

            (b) there is a change in the composition of the Board over a period
of thirty-six (36) consecutive months (or less) such that a majority of the
Board members (rounded up to the nearest whole number) ceases, by reason of one
or more proxy contests for the election of Board members, to be comprised of
individuals who either (i) have been Board members continuously since the
beginning of such period or (ii) have been elected or nominated for election as
Board members during such period by at least a majority of the Board members
described in clause (i) who were still in office at the time such election or
nomination was approved by the Board;

            (c) a merger or consolidation of the Company with any other
corporation (or other entity), other than a merger or consolidation which would
result in the voting securities of the Company outstanding immediately prior
thereto continuing to represent (either by remaining outstanding or by being
converted into voting securities of the surviving entity or another entity) more
than 66-2/3% of the combined voting power of the voting securities of the
Company or such surviving entity outstanding immediately after such merger or
consolidation; provided, however, that a merger or consolidation effected to
implement a recapitalization of the Company (or similar transaction) in which no
person acquires more than 25% of the combined voting power of the Company's then
outstanding voting securities shall not constitute a Change in Control; or

            (d) a plan of complete liquidation of the Company or an agreement
for the sale or disposition by the Company of all or substantially all of the
Company's assets.

------------

(1) Adjusted from 500,000 to 1,000,000 to reflect the two-for-one stock split
implemented as a 100% stock dividend, effective September 2003.

                                       2
<PAGE>

            1.8. Code. "Code" shall mean the Internal Revenue Code of 1986, as
amended from time to time.

            1.9. Committee. "Committee" shall mean the Board, or Compensation
Committee of the Board, or another committee or subcommittee of the Board,
appointed as provided in Section 9.1.

            1.10. Common Stock. "Common Stock" shall mean the Common Stock of
the Company, par value $0.0001 per share.

            1.11. Company. "Company" shall mean Gen-Probe Incorporated, a
Delaware corporation.

            1.12. Consultant. "Consultant" shall mean any consultant or adviser
(other than an Employee) if:

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

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

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

            1.13. Director. "Director" shall mean a member of the Board, whether
such Director is an Employee or an Independent Director.

            1.14. DRO. "DRO" shall mean a domestic relations order as defined by
the Code or Title I of the Employee Retirement Income Security Act of 1974, as
amended, or the rules thereunder.

            1.15. Employee. "Employee" shall mean any officer or other employee
(as defined in accordance with Section 3401(c) of the Code) of the Company, or
of any corporation which is a Subsidiary.

            1.16. Exchange Act. "Exchange Act" shall mean the Securities
Exchange Act of 1934, as amended.

            1.17. Fair Market Value. "Fair Market Value" shall mean, as of any
date, the value of the Common Stock determined as follows:

            (a) If the Common Stock is listed on any established stock exchange
or traded on The Nasdaq National Market or the Nasdaq SmallCap Market, the Fair
Market Value of a share of Common Stock shall be the closing sales price for
such stock (or the closing bid, if no sales were reported) as quoted on such
exchange or market (or the exchange or market with the greatest volume of
trading in the Common Stock) on the last market trading day prior to the day of
determination, as reported by The Nasdaq Stock Market or such other source as
the Board

                                       3
<PAGE>

deems reliable.

            (b) In the absence of such markets for the Common Stock, the Fair
Market Value shall be determined in good faith by the Board.

            1.18. Holder. "Holder" shall mean a person who has been granted or
awarded an Award.

            1.19. Incentive Stock Option. "Incentive Stock Option" shall mean an
Option which conforms to the applicable provisions of Section 422 of the Code
and which is designated as an Incentive Stock Option by the Administrator.

            1.20. Independent Director. "Independent Director" shall mean a
member of the Board who is not an Employee.

            1.21. Non-Qualified Stock Option. "Non-Qualified Stock Option" shall
mean an Option not intended to qualify as an incentive stock option within the
meaning of Section 422 of the Code and the regulations promulgated thereunder.

            1.22. Option. "Option" shall mean a stock option granted under
Article IV of the Plan. An Option granted under the Plan shall, as determined by
the Administrator, be either a Non-Qualified Stock Option or an Incentive Stock
Option; provided, however, that Options granted to Independent Directors and
Consultants shall be Non-Qualified Stock Options.

            1.23. Performance Criteria. "Performance Criteria" shall mean the
following business criteria with respect to the Company, any Subsidiary or any
division or operating unit: (a) net income, (b) pre-tax income, (c) operating
income, (d) cash flow, (e) earnings per share, (f) return on equity, (g) return
on invested capital or assets, (h) cost reductions or savings, (i) funds from
operations, (j) appreciation in the Fair Market Value of Common Stock and (k)
earnings before any one or more of the following items: interest, taxes,
depreciation or amortization.

            1.24. Plan. "Plan" shall mean The 2003 Incentive Award Plan of
Gen-Probe Incorporated.

            1.25. Restricted Stock. "Restricted Stock" shall mean Common Stock
awarded under Article VII of the Plan.

            1.26. Rule 16b-3. "Rule 16b-3" shall mean that certain Rule 16b-3
under the Exchange Act, as such Rule may be amended from time to time.

            1.27. Section 162(m) Employee. "Section 162(m) Employee" shall mean
any Employee designated by the Administrator as an Employee whose compensation
for the fiscal year in which the Employee is so designated or a future fiscal
year may be subject to the limit on deductible compensation imposed by Section
162(m) of the Code.

            1.28. Securities Act. "Securities Act" shall mean the Securities Act
of 1933, as amended.

                                       4
<PAGE>

            1.29. Stock Appreciation Right. "Stock Appreciation Right" shall
mean a stock appreciation right granted under Article VIII of the Plan.

            1.30. Subsidiary. "Subsidiary" shall mean any corporation in an
unbroken chain of corporations beginning with the Company if each of the
corporations other than the last corporation in the unbroken chain then owns
stock possessing fifty percent (50%) or more of the total combined voting power
of all classes of stock in one of the other corporations in such chain.

            1.31. Substitute Award. "Substitute Award" shall mean an Option
granted under the Plan upon the assumption of, or in substitution for,
outstanding equity awards previously granted by another company or entity in
connection with a corporate or similar transaction, such as a merger,
combination, consolidation or acquisition of property or stock; provided,
however, that in no event shall the term "Substitute Award" be construed to
refer to an option granted in connection with the cancellation and repricing of
an Option.

            1.32. Termination of Consultancy. "Termination of Consultancy" shall
mean the time when the engagement of a Holder as a Consultant to the Company or
a Subsidiary is terminated for any reason, with or without cause, including, but
not by way of limitation, by resignation, discharge, death, disability or
retirement; but excluding terminations where there is a simultaneous engagement
by or commencement of employment with the Company or any Subsidiary or a parent
corporation thereof (within the meaning of Section 422 of the Code). The
Administrator, in its absolute discretion, shall determine the effect of all
matters and questions relating to Termination of Consultancy, including, but not
by way of limitation, the question of whether a Termination of Consultancy
resulted from a discharge for cause, and all questions of whether a particular
leave of absence constitutes a Termination of Consultancy. Notwithstanding any
other provision of the Plan, the Company or any Subsidiary has an absolute and
unrestricted right to terminate a Consultant's service at any time for any
reason whatsoever, with or without cause, except to the extent expressly
provided otherwise in writing.

            1.33. Termination of Directorship. "Termination of Directorship"
shall mean the time when a Holder who is an Independent Director ceases to be a
Director for any reason, including, but not by way of limitation, a termination
by resignation, removal, failure to be re-elected, death, disability or
retirement. The Board, in its sole and absolute discretion, shall determine the
effect of all matters and questions relating to Termination of Directorship with
respect to Independent Directors.

            1.34. Termination of Employment. "Termination of Employment" shall
mean the time when the employee-employer relationship between a Holder and the
Company or any Subsidiary is terminated for any reason, with or without cause,
including, but not by way of limitation, a termination by resignation,
discharge, death, disability or retirement; but excluding (a) terminations where
there is a simultaneous reemployment or continuing employment of a Holder by the
Company or any Subsidiary or a parent corporation thereof (within the meaning of
Section 422 of the Code), (b) at the discretion of the Administrator,
terminations which result in a temporary severance of the employee-employer
relationship, and (c) at the discretion of the Administrator, terminations which
are followed by the simultaneous establishment of a consulting relationship by
the Company or a Subsidiary with the former employee. The Administrator, in its
absolute discretion, shall determine the effect of all matters and questions

                                       5
<PAGE>

relating to Termination of Employment, including, but not by way of limitation,
the question of whether a Termination of Employment resulted from a discharge
for cause, and all questions of whether a particular leave of absence
constitutes a Termination of Employment; provided, however, that, with respect
to Incentive Stock Options, unless otherwise determined by the Administrator in
its discretion, a leave of absence, change in status from an employee to an
independent contractor or other change in the employee-employer relationship
shall constitute a Termination of Employment if, and to the extent that, such
leave of absence, change in status or other change interrupts employment for the
purposes of Section 422(a)(2) of the Code and the then applicable regulations
and revenue rulings under said Section.

                                   ARTICLE II.

                             SHARES SUBJECT TO PLAN

            2.1. Shares Subject to Plan.

            (a) The shares of stock subject to Awards shall be Common Stock,
subject to Section 10.3 of the Plan. The aggregate number of such shares which
may be issued upon exercise of such Options or rights or upon any such Awards
under the Plan shall not exceed Five Million (5,000,000)(2); provided, however
that the aggregate number of shares of Common Stock which may issued as shares
of Restricted Stock under the Plan shall not exceed twenty percent (20%) of the
total number of shares of Common Stock issuable hereunder. The shares of Common
Stock issuable upon exercise of such Options or rights or upon any such Awards
may be either previously authorized but unissued shares or treasury shares.

            (b) The maximum number of shares of Common Stock which may be
subject to Awards granted under the Plan to any individual in any calendar year
shall not exceed the Award Limit. To the extent required by Section 162(m) of
the Code, shares subject to Options that are canceled continue to be counted
against the Award Limit.

            2.2. Add-Back of Options and Other Rights. If any Option, or other
right to acquire shares of Common Stock under any other Award under the Plan,
expires or is canceled without having been fully exercised, or is exercised in
whole or in part for cash as permitted by the Plan, the number of shares of
Common Stock subject to such Option or other right but as to which such Option
or other right was not exercised prior to its expiration or cancellation may
again be optioned, granted or awarded hereunder, subject to the limitations of
Section 2.1. Furthermore, any shares subject to Awards which are adjusted
pursuant to Section 10.3 and become exercisable with respect to shares of stock
of another corporation shall be considered cancelled and may again be optioned,
granted or awarded hereunder, subject to the limitations of Section 2.1. Shares
of Common Stock which are delivered by the Holder or withheld by the Company
upon the exercise of any Award under the Plan, in payment of the exercise price
thereof or tax withholding thereon, may again be optioned, granted or awarded
hereunder, subject to the limitations of Section 2.1. If any shares of
Restricted Stock are surrendered by the Holder or repurchased by the Company
pursuant to Section 7.4 or 7.5 hereof, such shares may

-------------

(2) Adjusted from 2,500,000 to 5,000,000 to reflect the two-for-one stock split
implemented as a 100% stock dividend, effective September 2003.

                                       6
<PAGE>

again be optioned, granted or awarded hereunder, subject to the limitations of
Section 2.1. Notwithstanding the provisions of this Section 2.2, no shares of
Common Stock may again be optioned, granted or awarded if such action would
cause an Incentive Stock Option to fail to qualify as an "incentive stock
option" under Section 422 of the Code.

                                  ARTICLE III.

                               GRANTING OF AWARDS

            3.1. Award Agreement. Each Award shall be evidenced by an Award
Agreement. Award Agreements evidencing Awards intended to qualify as
performance-based compensation as described in Section 162(m)(4)(C) of the Code
shall contain such terms and conditions as may be necessary to meet the
applicable provisions of Section 162(m) of the Code. Award Agreements evidencing
Incentive Stock Options shall contain such terms and conditions as may be
necessary to meet the applicable provisions of Section 422 of the Code.

            3.2. Provisions Applicable to Section 162(m) Employees.

            (a) The Committee, in its discretion, may determine whether an Award
is to qualify as performance-based compensation as described in Section
162(m)(4)(C) of the Code.

            (b) Notwithstanding anything in the Plan to the contrary, the
Committee may grant any Award to a Section 162(m) Employee that vests or becomes
exercisable or payable upon the attainment of performance goals which are
related to one or more of the Performance Criteria, including Restricted Stock
the restrictions to which lapse upon the obtainment of performance goals which
are related to one or more of the Performance Criteria.

            (c) To the extent necessary to comply with the performance-based
compensation requirements of Section 162(m)(4)(C) of the Code, with respect to
any Award granted under Article VII which may be granted to one or more Section
162(m) Employees, no later than ninety (90) days following the commencement of
any fiscal year in question or any other designated fiscal period or period of
service (or such other time as may be required or permitted by Section 162(m) of
the Code), the Committee shall, in writing, (i) designate one or more Section
162(m) Employees, (ii) select the Performance Criteria applicable to the fiscal
year or other designated fiscal period or period of service, (iii) establish the
various performance targets, in terms of an objective formula or standard, and
amounts of such Awards, as applicable, which may be earned for such fiscal year
or other designated fiscal period or period of service, and (iv) specify the
relationship between Performance Criteria and the performance targets and the
amounts of such Awards, as applicable, to be earned by each Section 162(m)
Employee for such fiscal year or other designated fiscal period or period of
service. Following the completion of each fiscal year or other designated fiscal
period or period of service, the Committee shall certify in writing whether the
applicable performance targets have been achieved for such fiscal year or other
designated fiscal period or period of service. In determining the amount earned
by a Section 162(m) Employee, the Committee shall have the right to reduce (but
not to increase) the amount payable at a given level of performance to take into
account additional factors that the Committee may deem relevant to the
assessment of individual or corporate performance for the fiscal year or other
designated fiscal period or period of service.

                                       7
<PAGE>

            (d) Furthermore, notwithstanding any other provision of the Plan,
any Award that is granted to a Section 162(m) Employee and is intended to
qualify as performance-based compensation as described in Section 162(m)(4)(C)
of the Code shall be subject to any additional limitations set forth in Section
162(m) of the Code (including any amendment to Section 162(m) of the Code) or
any regulations or rulings issued thereunder that are requirements for
qualification as performance-based compensation as described in Section
162(m)(4)(C) of the Code, and the Plan and such Awards shall be deemed amended
to the extent necessary to conform to such requirements.

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

            3.4. At-Will Employment. Nothing in the Plan or in any Award
Agreement hereunder shall confer upon any Holder any right to continue in the
employ of, or as a Consultant for, the Company or any Subsidiary, or as a
Director of the Company, or shall interfere with or restrict in any way the
rights of the Company and any Subsidiary, which are hereby expressly reserved,
to discharge any Holder at any time for any reason whatsoever, with or without
cause, except to the extent expressly provided otherwise in a written employment
or consulting agreement between the Holder and the Company and any Subsidiary.

                                   ARTICLE IV.

                        GRANTING OF OPTIONS TO EMPLOYEES,
                      CONSULTANTS AND INDEPENDENT DIRECTORS

            4.1. Eligibility. Any Employee or Consultant selected by the
Committee pursuant to Section 4.4(a)(i) shall be eligible to be granted an
Option. Any Independent Director selected by the Board pursuant to Section
4.5(a)(i) shall be eligible to be granted an Option. All grants shall be made at
the discretion of the Committee or the Board, as the case may be, and no person
shall be entitled to a grant of an Option as a matter of right.

            4.2. Disqualification for Stock Ownership. No person may be granted
an Incentive Stock Option under the Plan if such person, at the time the
Incentive Stock Option is granted, owns stock possessing more than ten percent
(10%) of the total combined voting power of all classes of stock of the Company
or any then existing Subsidiary or parent corporation (within the meaning of
Section 422 of the Code) unless such Incentive Stock Option conforms to the
applicable provisions of Section 422 of the Code.

            4.3. Qualification of Incentive Stock Options. No Incentive Stock
Option shall be granted to any person who is not an Employee.

                                       8
<PAGE>

            4.4. Granting of Options to Employees and Consultants.

            (a) The Committee shall from time to time, in its absolute
discretion, and subject to applicable limitations of the Plan:

                  (i) Select from among the Employees or Consultants (including
      Employees or Consultants who have previously been granted Awards under the
      Plan) such of them as in its opinion should be granted Options;

                  (ii) Subject to the Award Limit, determine the number of
      shares of Common Stock to be subject to such Options granted to the
      selected Employees or Consultants;

                  (iii) Subject to Section 4.3, determine whether such Options
      are to be Incentive Stock Options or Non-Qualified Stock Options and
      whether such Options are to qualify as performance-based compensation as
      described in Section 162(m)(4)(C) of the Code; and

                  (iv) Determine the terms and conditions of such Options,
      consistent with the Plan; provided, however, that the terms and conditions
      of Options intended to qualify as performance-based compensation as
      described in Section 162(m)(4)(C) of the Code shall include, but not be
      limited to, such terms and conditions as may be necessary to meet the
      applicable provisions of Section 162(m) of the Code.

            (b) Upon the selection of an Employee or Consultant to be granted an
Option, the Committee shall instruct the Secretary of the Company to issue the
Option and may impose such conditions on the grant of the Option as it deems
appropriate, and the Committee shall authorize one or more of the officers of
the Company to prepare, execute and deliver the Award Agreement with respect to
such Option.

            (c) Any Incentive Stock Option granted under the Plan may be
modified by the Committee, with the consent of the Holder, to disqualify such
Option from treatment as an "incentive stock option" under Section 422 of the
Code.

            4.5. Granting of Options to Independent Directors.

            (a) Subject to Section 4.5(b), the Board shall from time to time, in
its absolute discretion, and subject to applicable limitations of the Plan:

                  (i) Determine whether to grant Options to Independent
      Directors, and, in the event Options are so granted, select from among the
      Independent Directors (including Independent Directors who have previously
      been granted Awards under the Plan) such of them as in its opinion should
      be granted Options;

                                       9
<PAGE>

                  (ii) Subject to the Award Limit, determine the number of
      shares of Common Stock to be subject to such Options granted to the
      selected Independent Directors; and

                  (iii) Determine the terms and conditions of such Options,
      consistent with the Plan.

            (b) Upon the selection of an Independent Director to be granted an
Option, and the grant of an Option to an Independent Director, the Board shall
instruct the Secretary of the Company to issue the Option and may impose such
conditions on the grant of the Option as it deems appropriate, and the Board
shall authorize one or more officers of the Company to prepare, execute and
deliver the Award Agreement with respect to such Option.

            4.6. Options in Lieu of Cash Compensation. Options may be granted
under the Plan to Employees and Consultants in lieu of cash bonuses that would
otherwise be payable to such Employees and Consultants and to Independent
Directors in lieu of directors' fees that would otherwise be payable to such
Independent Directors, pursuant to such policies that may be adopted by the
Administrator from time to time.

                                   ARTICLE V.

                                TERMS OF OPTIONS

            5.1. Option Price. The price per share of the shares of Common Stock
subject to each Option granted to Employees and Consultants shall be set by the
Committee; provided, however, that such price shall be no less than 100% of the
Fair Market Value of a share of Common Stock on the date the Option is granted,
and:

            (a) in the case of Incentive Stock Options, such price shall not be
less than 100% of the Fair Market Value of a share of Common Stock on the date
the Option is modified, extended or renewed for purposes of Section 424(h) of
the Code; and

            (b) in the case of Incentive Stock Options granted to an individual
then owning (within the meaning of Section 424(d) of the Code) more than 10% of
the total combined voting power of all classes of stock of the Company or any
Subsidiary or parent corporation thereof (within the meaning of Section 422 of
the Code), such price shall not be less than 110% of the Fair Market Value of a
share of Common Stock on the date the Option is granted (or the date the Option
is modified, extended or renewed for purposes of Section 424(h) of the Code).

            5.2. Option Term. The term of an Option granted to an Employee or
Consultant shall be set by the Committee in its absolute discretion; provided,
however, that the term shall not be more than ten (10) years from the date the
Option is granted; and, provided, further, that, in the case of Incentive Stock
Options, the term shall not be more than five (5) years from the date the
Incentive Stock Option is granted if the Incentive Stock Option is granted to an
individual then owning (within the meaning of Section 424(d) of the Code) more
than 10% of the total combined voting power of all classes of stock of the
Company or any Subsidiary or parent corporation thereof (within the meaning of
Section 422 of the Code). Except as limited by

                                       10
<PAGE>

requirements of Section 422 of the Code and regulations and rulings thereunder
applicable to Incentive Stock Options, the Committee may extend the term of any
outstanding Option in connection with any Termination of Employment or
Termination of Consultancy of the Holder, or amend any other term or condition
of such Option relating to such a termination; provided, however, that the term
shall not be more than ten (10) years from the date the Option is granted.

            5.3. Option Vesting

            (a) The period during which the right to exercise, in whole or in
part, an Option granted to an Employee or a Consultant vests in the Holder shall
be set by the Committee and the Committee may determine that an Option may not
be exercised in whole or in part for a specified period after it is granted. At
any time after grant of an Option, the Committee may, in its absolute discretion
and subject to whatever terms and conditions it selects, accelerate the period
during which an Option granted to an Employee or Consultant vests and becomes
exercisable.

            (b) No portion of an Option granted to an Employee or Consultant
which is unexercisable at Termination of Employment or Termination of
Consultancy, as applicable, shall thereafter become exercisable, except as may
be otherwise provided by the Committee either in the Award Agreement or by
action of the Committee following the grant of the Option.

            (c) To the extent that the aggregate Fair Market Value of stock with
respect to which "incentive stock options" (within the meaning of Section 422 of
the Code, but without regard to Section 422(d) of the Code) are exercisable for
the first time by a Holder during any calendar year (under the Plan and all
other incentive stock option plans of the Company and any parent or subsidiary
corporation (within the meaning of Section 422 of the Code) of the Company),
exceeds $100,000, such Options or other options shall be treated as
non-qualified stock options to the extent required by Section 422 of the Code.
The rule set forth in the preceding sentence shall be applied by taking Options
or other options into account in the order in which they were granted. For
purposes of this Section 5.3(c), the Fair Market Value of stock shall be
determined as of the time the Option or other options with respect to such stock
is granted.

            5.4. Terms of Options Granted to Independent Directors. The price
per share of the shares subject to each Option granted to an Independent
Director shall equal 100% of the Fair Market Value of a share of Common Stock on
the date the Option is granted. The period during which the right to exercise,
in whole or in part, an Option granted to an Independent Director vests in the
Holder shall be set by the Administrator and the Administrator may determine
that an Option may not be exercised in whole or in part for a specified period
after it is granted. The term of each Option granted to an Independent Director
shall be determined by the Administrator and shall be no greater than ten (10)
years from the date the Option is granted. No portion of an Option which is
unexercisable at Termination of Directorship shall thereafter become
exercisable. Options granted to Independent Directors under Section 4.5 shall be
subject to such other terms and conditions as are determined by the
Administrator.

            5.5. Substitute Awards. Notwithstanding the foregoing provisions of
this Article V to the contrary, in the case of an Option that is a Substitute
Award, the price per share

                                       11
<PAGE>

of the shares subject to such Option may be less than the Fair Market Value per
share on the date of grant, provided, that the excess of:

            (a) the aggregate Fair Market Value (as of the date such Substitute
Award is granted) of the shares subject to the Substitute Award; over

            (b) the aggregate exercise price thereof; does not exceed the excess
of;

            (c) the aggregate fair market value (as of the time immediately
preceding the transaction giving rise to the Substitute Award, such fair market
value to be determined by the Administrator) of the shares of the predecessor
entity that were subject to the grant assumed or substituted for by the Company;
over

            (d) the aggregate exercise price of such shares.

            5.6. Restrictions on Common Stock.

            The Administrator may, in its sole discretion, provide under the
terms of an Option that shares of Common Stock purchased upon exercise of such
Option shall be subject to repurchase from the Holder by the Company, or shall
be subject to such restrictions as the Administrator shall provide, which
restrictions may include, without limitation, restrictions concerning voting
rights and transferability and restrictions based on duration of employment with
the Company and the Subsidiaries, Company performance and individual
performance; provided, however, that, by action taken before or after the Common
Stock is purchased upon exercise of the Option, the Administrator may, on such
terms and conditions as it may determine to be appropriate, terminate the
Company's repurchase right or remove any or all of the restrictions imposed by
the terms of the Award Agreement. The Company's right to repurchase the Common
Stock from the Holder then subject to the right shall provide that immediately
upon a Termination of Employment, a Termination of Consultancy, or a Termination
of Directorship, as applicable, and for such period as the Administrator shall
determine, the Company shall have the right to purchase the Common Stock at a
price per share equal to the price paid by the Holder for such Common Stock, or
such other price as is determined by the Administrator; provided, however, that,
in the event of a Change in Control, such right of repurchase shall terminate
immediately prior to the effective date of such Change in Control. Shares of
Common Stock purchased upon the exercise of an Option may not be sold,
transferred or encumbered until any repurchase right and any and all
restrictions are terminated or expire. The Secretary of the Company or such
other escrow holder as the Administrator may appoint shall retain physical
custody of each certificate representing such shares of Common Stock until the
repurchase right and any and all of the restrictions imposed under the Award
Agreement with respect to the shares evidenced by such certificate terminate,
expire or shall have been removed. In order to enforce the restrictions imposed
upon shares of Common Stock hereunder, the Administrator shall cause a legend or
legends to be placed on certificates representing all shares of Common Stock
that are still subject to any repurchase right or restrictions under Award
Agreements, which legend or legends shall make appropriate reference to the
conditions imposed thereby. If a Holder makes an election under Section 83(b) of
the Code, or any successor section thereto, to be taxed with respect to the
Common Stock as of the date of transfer of the Common Stock rather than as of
the date or dates upon which the Holder would otherwise be taxable under Section
83(a) of the

                                       12
<PAGE>

Code, the Holder shall deliver a copy of such election to the Company
immediately after filing such election with the Internal Revenue Service.

                                   ARTICLE VI.

                               EXERCISE OF OPTIONS

            6.1. Partial Exercise. An exercisable Option may be exercised in
whole or in part. However, an Option shall not be exercisable with respect to
fractional shares and the Administrator may require that, by the terms of the
Option, a partial exercise be with respect to a minimum number of shares.

            6.2. Manner of Exercise. All or a portion of an exercisable Option
shall be deemed exercised upon delivery of all of the following to the Secretary
of the Company or his office:

            (a) A written notice complying with the applicable rules established
by the Administrator stating that the Option, or a portion thereof, is
exercised. The notice shall be signed by the Holder or other person then
entitled to exercise the Option or such portion of the Option;

            (b) Such representations and documents as the Administrator, in its
absolute discretion, deems necessary or advisable to effect compliance with all
applicable provisions of the Securities Act and any other federal or state
securities laws or regulations. The Administrator may, in its absolute
discretion, also take whatever additional actions it deems appropriate to effect
such compliance including, without limitation, placing legends on share
certificates and issuing stop-transfer notices to agents and registrars;

            (c) In the event that the Option shall be exercised pursuant to
Section 10.1 by any person or persons other than the Holder, appropriate proof
of the right of such person or persons to exercise the Option; and

            (d) Full cash payment to the Secretary of the Company for the shares
with respect to which the Option, or portion thereof, is exercised. However, the
Administrator, may in its sole and absolute discretion (i) allow a delay in
payment up to thirty (30) days from the date the Option, or portion thereof, is
exercised; (ii) allow payment, in whole or in part, through the delivery of
shares of Common Stock which have been owned by the Holder for at least six
months, duly endorsed for transfer to the Company with a Fair Market Value on
the date of delivery equal to the aggregate exercise price of the Option or
exercised portion thereof; (iii) allow payment, in whole or in part, through the
surrender of shares of Common Stock then issuable upon exercise of the Option
having a Fair Market Value on the date of Option exercise equal to the aggregate
exercise price of the Option or exercised portion thereof; (iv) allow payment,
in whole or in part, through the delivery of a notice that the Holder has placed
a market sell order with a broker with respect to shares of Common Stock then
issuable upon exercise of the Option, and that the broker has been directed to
pay a sufficient portion of the net proceeds of the sale to the Company in
satisfaction of the Option exercise price, provided that payment of such
proceeds is then made to the Company upon settlement of such sale; or (v) allow
payment

                                       13
<PAGE>

through any combination of the consideration provided in the foregoing
subparagraphs (ii), (iii) and (iv).

            6.3. Conditions to Issuance of Stock Certificates. The Company shall
not be required to issue or deliver any certificate or certificates for shares
of stock purchased upon the exercise of any Option or portion thereof prior to
fulfillment of all of the following conditions:

            (a) The admission of such shares to listing on all stock exchanges
on which such class of stock is then listed;

            (b) The completion of any registration or other qualification of
such shares under any state or federal law, or under the rulings or regulations
of the Securities and Exchange Commission or any other governmental regulatory
body which the Administrator shall, in its absolute discretion, deem necessary
or advisable;

            (c) The obtaining of any approval or other clearance from any state
or federal governmental agency which the Administrator shall, in its absolute
discretion, determine to be necessary or advisable;

            (d) The lapse of such reasonable period of time following the
exercise of the Option as the Administrator may establish from time to time for
reasons of administrative convenience; and

            (e) The receipt by the Company of full payment for such shares,
including payment of any applicable withholding tax, which in the discretion of
the Administrator may be in the form of consideration used by the Holder to pay
for such shares under Section 6.2(d).

            6.4. Rights as Stockholders. Holders shall not be, nor have any of
the rights or privileges of, stockholders of the Company in respect of any
shares purchasable upon the exercise of any part of an Option unless and until
certificates representing such shares have been issued by the Company to such
Holders.

            6.5. Ownership and Transfer Restrictions. The Administrator, in its
absolute discretion, may impose such restrictions on the ownership and
transferability of the shares purchasable upon the exercise of an Option as it
deems appropriate. Any such restriction shall be set forth in the respective
Award Agreement and may be referred to on the certificates evidencing such
shares. The Holder shall give the Company prompt notice of any disposition of
shares of Common Stock acquired by exercise of an Incentive Stock Option within
(a) two years from the date of granting (including the date the Option is
modified, extended or renewed for purposes of Section 424(h) of the Code) such
Option to such Holder or (b) one year after the transfer of such shares to such
Holder.

            6.6. Limitations on Exercise of Options Granted to Independent
Directors. No Option granted to an Independent Director may be exercised to any
extent by anyone after the first to occur of the following events:

            (a) The expiration of 12 months from the date of the Holder's death;

                                       14
<PAGE>

            (b) The expiration of 12 months from the date of the Holder's
Termination of Directorship by reason of his or her permanent and total
disability (within the meaning of Section 22(e)(3) of the Code);

            (c) The expiration of three months from the date of the Holder's
Termination of Directorship for any reason other than such Holder's death or his
or her permanent and total disability, unless the Holder dies within said
three-month period; or

            (d) The expiration of 10 years from the date the Option was granted.

            6.7. Additional Limitations on Exercise of Options. Holders may be
required to comply with any timing or other restrictions with respect to the
settlement or exercise of an Option, including a window-period limitation, as
may be imposed in the discretion of the Administrator.

                                  ARTICLE VII.

                            AWARD OF RESTRICTED STOCK

            7.1. Eligibility. Subject to the Award Limit, Restricted Stock may
be awarded to any Employee or Consultant who the Committee determines should
receive such an Award.

            7.2. Award of Restricted Stock.

            (a) The Committee may from time to time, in its absolute discretion:

                  (i) Select from among the Employees or Consultants (including
      Employees or Consultants who have previously been granted other Awards
      under the Plan) such of them as in its opinion should be awarded
      Restricted Stock; and

                  (ii) Determine the purchase price, if any, and other terms and
      conditions applicable to such Restricted Stock, consistent with the Plan.

            (b) The Committee shall establish the purchase price, if any, and
form of payment for Restricted Stock; provided, however, that such purchase
price shall be no less than the par value of the Common Stock to be purchased,
unless otherwise permitted by applicable state law. In all cases, legal
consideration shall be required for each issuance of Restricted Stock.

            (c) Upon the selection of an Employee or Consultant to be awarded
Restricted Stock, the Committee shall instruct the Secretary of the Company to
issue such Restricted Stock and may impose such conditions on the issuance of
such Restricted Stock as it deems appropriate, and the Committee shall authorize
one or more officers of the Company to prepare, execute and deliver the Award
Agreement with respect to such Restricted Stock.

            7.3. Rights as Stockholders. Subject to Section 7.4, upon delivery
of the shares of Restricted Stock to the escrow holder pursuant to Section 7.6,
the Holder shall have,

                                       15
<PAGE>

unless otherwise provided by the Committee, all the rights of a stockholder with
respect to said shares, subject to the restrictions in his Award Agreement,
including the right to receive all dividends and other distributions paid or
made with respect to the shares; provided, however, that in the discretion of
the Committee, any extraordinary distributions with respect to the Common Stock
shall be subject to the restrictions set forth in Section 7.4.

            7.4. Restriction. All shares of Restricted Stock issued under the
Plan (including any shares received by holders thereof with respect to shares of
Restricted Stock as a result of stock dividends, stock splits or any other form
of recapitalization) shall, in the terms of each individual Award Agreement, be
subject to such restrictions as the Committee shall provide, if any, which
restrictions may include, without limitation, restrictions concerning voting
rights and transferability and restrictions based on duration of employment with
the Company, Company performance and individual performance; provided, however,
that, except with respect to shares of Restricted Stock granted to Section
162(m) Employees, by action taken after the Restricted Stock is issued, the
Committee may, on such terms and conditions as it may determine to be
appropriate, remove any or all of the restrictions imposed by the terms of the
Award Agreement. Restricted Stock may not be sold or encumbered until all
restrictions are terminated or expire. If no consideration was paid by the
Holder upon issuance, a Holder's rights in unvested Restricted Stock shall
lapse, and such Restricted Stock shall be surrendered to the Company without
consideration, upon Termination of Employment or, if applicable, upon
Termination of Consultancy with the Company; provided, however, that the
Committee in its sole and absolute discretion may provide that such rights shall
not lapse in the event of a Termination of Employment following a "change of
ownership or control" (within the meaning of Treasury Regulation Section
1.162-27(e)(2)(v) or any successor regulation thereto) of the Company or because
of the Holder's death or disability; provided, further, except with respect to
shares of Restricted Stock granted to Section 162(m) Employees, the Committee in
its sole and absolute discretion may provide that no such lapse or surrender
shall occur in the event of a Termination of Employment, or a Termination of
Consultancy, without cause or following any Change in Control of the Company or
because of the Holder's retirement, or otherwise.

            7.5. Repurchase of Restricted Stock. The Committee shall provide in
the terms of each individual Award Agreement that the Company shall have the
right to repurchase from the Holder the Restricted Stock then subject to
restrictions under the Award Agreement immediately upon a Termination of
Employment or, if applicable, upon a Termination of Consultancy between the
Holder and the Company, at a cash price per share equal to the price paid by the
Holder for such Restricted Stock; provided, however, that the Committee in its
sole and absolute discretion may provide that no such right of repurchase shall
exist in the event of a Termination of Employment following a "change of
ownership or control" (within the meaning of Treasury Regulation Section
1.162-27(e)(2)(v) or any successor regulation thereto) of the Company or because
of the Holder's death or disability; provided, further, that, except with
respect to shares of Restricted Stock granted to Section 162(m) Employees, the
Committee in its sole and absolute discretion may provide that no such right of
repurchase shall exist in the event of a Termination of Employment or a
Termination of Consultancy without cause or following any Change in Control of
the Company or because of the Holder's retirement, or otherwise.

            7.6. Escrow. The Secretary of the Company or such other escrow
holder as the Committee may appoint shall retain physical custody of each
certificate representing Restricted

                                       16
<PAGE>

Stock until all of the restrictions imposed under the Award Agreement with
respect to the shares evidenced by such certificate expire or shall have been
removed.

            7.7. Legend. In order to enforce the restrictions imposed upon
shares of Restricted Stock hereunder, the Committee shall cause a legend or
legends to be placed on certificates representing all shares of Restricted Stock
that are still subject to restrictions under Award Agreements, which legend or
legends shall make appropriate reference to the conditions imposed thereby.

            7.8. Section 83(b) Election. If a Holder makes an election under
Section 83(b) of the Code, or any successor section thereto, to be taxed with
respect to the Restricted Stock as of the date of transfer of the Restricted
Stock rather than as of the date or dates upon which the Holder would otherwise
be taxable under Section 83(a) of the Code, the Holder shall deliver a copy of
such election to the Company immediately after filing such election with the
Internal Revenue Service.

            7.9. Restricted Stock in Lieu of Cash Compensation. Notwithstanding
anything herein to the contrary, shares of Restricted Stock may be granted to
Independent Directors in lieu of directors' fees which would otherwise be
payable to such Independent Directors pursuant to such policies as may be
adopted by the Administrator from time to time.

                                  ARTICLE VIII.

                            STOCK APPRECIATION RIGHTS

            8.1. Grant of Stock Appreciation Rights. A Stock Appreciation Right
may be granted to any Employee or Consultant selected by the Committee. A Stock
Appreciation Right may be granted (a) in connection and simultaneously with the
grant of an Option, (b) with respect to a previously granted Option, or (c)
independent of an Option. A Stock Appreciation Right shall be subject to such
terms and conditions not inconsistent with the Plan as the Committee shall
impose and shall be evidenced by an Award Agreement.

            8.2. Coupled Stock Appreciation Rights.

            (a) A Coupled Stock Appreciation Right ("CSAR") shall be related to
a particular Option and shall be exercisable only when and to the extent the
related Option is exercisable.

            (b) A CSAR may be granted to the Holder for no more than the number
of shares subject to the simultaneously or previously granted Option to which it
is coupled.

            (c) A CSAR shall entitle the Holder (or other person entitled to
exercise the Option pursuant to the Plan) to surrender to the Company
unexercised a portion of the Option to which the CSAR relates (to the extent
then exercisable pursuant to its terms) and to receive from the Company in
exchange therefor an amount determined by multiplying the difference obtained by
subtracting the Option exercise price from the Fair Market Value of a share of
Common Stock on the date of exercise of the CSAR by the number of shares of
Common Stock with respect to which the CSAR shall have been exercised, subject
to any limitations the Committee may

                                       17
<PAGE>

impose.

            8.3. Independent Stock Appreciation Rights.

            (a) An Independent Stock Appreciation Right ("ISAR") shall be
unrelated to any Option and shall have a term set by the Committee. An ISAR
shall be exercisable in such installments as the Committee may determine. An
ISAR shall cover such number of shares of Common Stock as the Committee may
determine. The exercise price per share of Common Stock subject to each ISAR
shall be set by the Committee. An ISAR is exercisable only while the Holder is
an Employee or Consultant; provided that the Committee may determine that the
ISAR may be exercised subsequent to Termination of Employment or Termination of
Consultancy without cause, or following a Change in Control of the Company, or
because of the Holder's retirement, death or disability, or otherwise.

            (b) An ISAR shall entitle the Holder (or other person entitled to
exercise the ISAR pursuant to the Plan) to exercise all or a specified portion
of the ISAR (to the extent then exercisable pursuant to its terms) and to
receive from the Company an amount determined by multiplying the difference
obtained by subtracting the exercise price per share of the ISAR from the Fair
Market Value of a share of Common Stock on the date of exercise of the ISAR by
the number of shares of Common Stock with respect to which the ISAR shall have
been exercised, subject to any limitations the Committee may impose.

            8.4. Payment and Limitations on Exercise.

            (a) Payment of the amounts determined under Section 8.2(c) and
8.3(b) above shall be in cash, in Common Stock (based on its Fair Market Value
as of the date the Stock Appreciation Right is exercised) or a combination of
both, as determined by the Committee. To the extent such payment is effected in
Common Stock it shall be made subject to satisfaction of all provisions of
Section 6.3 above pertaining to Options.

            (b) Holders of Stock Appreciation Rights may be required to comply
with any timing or other restrictions with respect to the settlement or exercise
of a Stock Appreciation Right, including a window-period limitation, as may be
imposed in the discretion of the Committee.

                                       18
<PAGE>

                                   ARTICLE IX.

                                 ADMINISTRATION

            9.1. Committee. The Committee shall be the Compensation Committee of
the Board, unless the Board specifically assumes the functions of the Committee
or appoints another committee to assume such functions.

            9.2. Duties and Powers of Committee. It shall be the duty of the
Committee to conduct the general administration of the Plan in accordance with
its provisions. The Committee shall have the power to interpret the Plan and the
Award Agreements, and to adopt such rules for the administration,
interpretation, and application of the Plan as are consistent therewith, to
interpret, amend or revoke any such rules and to amend any Award Agreement
provided that the rights or obligations of the Holder of the Award that is the
subject of any such Award Agreement are not affected adversely. Any such
interpretations and rules with respect to Incentive Stock Options shall be
consistent with the provisions of Section 422 of the Code. In its absolute
discretion, the Board may at any time and from time to time assume any and all
rights and duties of the Committee under the Plan, except with respect to
matters which under Rule 16b-3 or Section 162(m) of the Code, or any regulations
or rules issued thereunder, are required to be determined in the sole discretion
of the Committee. Notwithstanding the foregoing, the full Board, acting by a
majority of its members in office, shall conduct the general administration of
the Plan with respect to Options granted to Independent Directors.

            9.3. Majority Rule; Unanimous Written Consent. The Committee shall
act by a majority of its members in attendance at a meeting at which a quorum is
present or by a memorandum or other written instrument signed by all members of
the Committee.

            9.4. Compensation; Professional Assistance; Good Faith Actions.
Members of the Committee shall receive such compensation, if any, for their
services as members as may be determined by the Board. All expenses and
liabilities which members of the Committee incur in connection with the
administration of the Plan shall be borne by the Company. The Committee may,
with the approval of the Board, employ attorneys, consultants, accountants,
appraisers, brokers, or other persons. The Committee, the Company and the
Company's officers and Directors shall be entitled to rely upon the advice,
opinions or valuations of any such persons. All actions taken and all
interpretations and determinations made by the Committee or the Board in good
faith shall be final and binding upon all Holders, the Company and all other
interested persons. No members of the Committee or Board shall be personally
liable for any action, determination or interpretation made in good faith with
respect to the Plan or Awards, and all members of the Committee and the Board
shall be fully protected by the Company in respect of any such action,
determination or interpretation.

                                   ARTICLE X.

                            MISCELLANEOUS PROVISIONS

            10.1. Not Transferable. No Award under the Plan may be sold,
pledged, assigned or transferred in any manner other than by will or the laws of
descent and distribution

                                       19
<PAGE>

or, subject to the consent of the Administrator, pursuant to a DRO, unless and
until such Award has been exercised, or the shares underlying such Award have
been issued, and all restrictions applicable to such shares have lapsed. No
Award or interest or right therein shall be liable for the debts, contracts or
engagements of the Holder or his successors in interest or shall be subject to
disposition by transfer, alienation, anticipation, pledge, encumbrance,
assignment or any other means whether such disposition be voluntary or
involuntary or by operation of law by judgment, levy, attachment, garnishment or
any other legal or equitable proceedings (including bankruptcy), and any
attempted disposition thereof shall be null and void and of no effect, except to
the extent that such disposition is permitted by the preceding sentence.

            During the lifetime of the Holder, only he may exercise an Option or
other Award (or any portion thereof) granted to him under the Plan, unless it
has been disposed of with the consent of the Administrator pursuant to a DRO.
After the death of the Holder, any exercisable portion of an Option or other
Award may, prior to the time when such portion becomes unexercisable under the
Plan or the applicable Award Agreement, be exercised by his personal
representative or by any person empowered to do so under the deceased Holder's
will or under the then applicable laws of descent and distribution.

            Notwithstanding the foregoing provisions of this Section 10.1, the
Administrator, in its sole discretion, may determine to grant a Non-Qualified
Stock Option which, by its terms as set forth in the applicable Award Agreement,
may be transferred by the Holder, in writing and with prior written notice to
the Administrator, to any one or more Permitted Transferees (as defined below),
subject to the following terms and conditions: (a) a Non-Qualified Stock Option
transferred to a Permitted Transferee shall not be assignable or transferable by
the Permitted Transferee other than by will or the laws of descent and
distribution; (b) any Non-Qualified Stock Option which is transferred to a
Permitted Transferee shall continue to be subject to all the terms and
conditions of the Non-Qualified Stock Option as applicable to the original
Holder (other than the ability to further transfer the Non-Qualified Stock
Option); and (c) the Holder and the Permitted Transferee shall execute any and
all documents requested by the Administrator, including, without limitation,
documents to: (i) confirm the status of the transferee as a Permitted
Transferee, (ii) satisfy any requirements for an exemption for the transfer
under applicable federal and state securities laws and (iii) evidence the
transfer. For purposes of this Section, "Permitted Transferee" shall mean, with
respect to a Holder, any child, stepchild, grandchild, parent, stepparent,
grandparent, spouse, former spouse, sibling, niece, nephew, mother-in-law,
father-in-law, daughter-in-law, brother-in-law, or sister-in-law, including
adoptive relationships, any person sharing the Holder's household (other than a
tenant or employee), a trust in which these persons (or the Holder) control the
management of assets, and any other entity in which these persons (or the
Holder) owns more than fifty percent (50%) of the voting interests, or any other
transferee specifically approved by the Administrator after taking into account
any state or federal tax or securities laws applicable to transferable
Non-Qualified Stock Options.

            10.2. Amendment, Suspension or Termination of the Plan.

            (a) Except as otherwise provided in this Section 10.2, the Plan may
be wholly or partially amended or otherwise modified, suspended or terminated at
any time or from time to time by the Board. However, without approval of the
Company's stockholders given within

                                       20
<PAGE>

twelve months before or after the action by the Board, no action of the Board
may, except as provided in Section 10.3, increase the limits imposed in Section
2.1 on the maximum number of shares that may be issued under the Plan.

            (b) No amendment, suspension or termination of the Plan shall,
without the consent of the Holder alter or impair any rights or obligations
under any Award theretofore granted or awarded, unless the Award itself
otherwise expressly so provides.

            (c) No Awards may be granted or awarded during any period of
suspension or after termination of the Plan, and in no event may any Option be
granted under the Plan after the first to occur of the following events:

                  (i) The expiration of ten years from the date the Plan is
      adopted by the Board; or

                  (ii) The expiration of ten years from the date the Plan is
      approved by the Company's stockholders under Section 10.5.

            10.3. Changes in Common Stock or Assets of the Company, Acquisition
or Liquidation of the Company and Other Corporate Events.

            (a) Subject to Section 10.3(d), in the event that the Administrator
determines that any dividend or other distribution (whether in the form of cash,
Common Stock, other securities, or other property), recapitalization,
reclassification, stock split, reverse stock split, reorganization, merger,
consolidation, split-up, spin-off, combination, repurchase, liquidation,
dissolution, or sale, transfer, exchange or other disposition of all or
substantially all of the assets of the Company, or exchange of Common Stock or
other securities of the Company, issuance of warrants or other rights to
purchase Common Stock or other securities of the Company, or other similar
corporate transaction or event, in the Administrator's sole discretion, affects
the Common Stock such that an adjustment is determined by the Administrator to
be appropriate in order to prevent dilution or enlargement of the benefits or
potential benefits intended to be made available under the Plan or with respect
to an Award, then the Administrator shall, in such manner as it may deem
equitable, adjust any or all of:

                  (i) the number and kind of shares of Common Stock (or other
      securities or property) with respect to which Awards may be granted or
      awarded (including, but not limited to, adjustments of the limitations in
      Section 2.1 on the maximum number and kind of shares which may be issued
      and adjustments of the Award Limit);

                  (ii) the number and kind of shares of Common Stock (or other
      securities or property) subject to outstanding Awards; and

                  (iii) the grant or the exercise price with respect to any
      Award.

            (b) Subject to Sections 10.3(d) and 10.4, in the event of any
transaction or event described in Section 10.3(a) or any unusual or nonrecurring
transactions or events affecting the Company, any affiliate of the Company, or
the financial statements of the Company or any

                                       21
<PAGE>

affiliate, or of changes in applicable laws, regulations, or accounting
principles, the Administrator, in its sole and absolute discretion, and on such
terms and conditions as it deems appropriate, either by the terms of the Award
or by action taken prior to the occurrence of such transaction or event (any
such action applied to Employees and former Employees to be applied uniformly)
and either automatically or upon the Holder's request, is hereby authorized to
take any one or more of the following actions whenever the Administrator
determines that such action is appropriate in order to prevent dilution or
enlargement of the benefits or potential benefits intended to be made available
under the Plan or with respect to any Award under the Plan, to facilitate such
transactions or events or to give effect to such changes in laws, regulations or
principles:

                  (i) to provide for either the cancellation of any such Award
      for an amount of cash equal to the amount that could have been attained
      upon the exercise of such Award or realization of the Holder's rights had
      such Award been currently exercisable or payable or fully vested, or the
      replacement of such Award with other rights or property selected by the
      Administrator in its sole discretion;

                  (ii) to provide that the Award cannot vest, be exercised or
      become payable after such event;

                  (iii) to provide that such Award shall be exercisable as to
      all shares covered thereby, notwithstanding anything to the contrary in
      Section 5.3 or 5.4 or the provisions of such Award;

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

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

                  (vi) to provide that, for a specified period of time prior to
      such event, the restrictions imposed under an Award Agreement upon some or
      all shares of Restricted Stock or Common Stock may be terminated and some
      or all shares of such Restricted Stock or Common Stock may cease to be
      subject to repurchase after such event.

            (c) Subject to Sections 10.3(d), 3.2 and 3.3, the Administrator may,
in its discretion, include such further provisions and limitations in any Award,
Award Agreement or certificate, as it may deem equitable and in the best
interests of the Company.

            (d) With respect to Awards that are granted to Section 162(m)
Employees and are intended to qualify as performance-based compensation under
Section 162(m)(4)(C), no

                                       22
<PAGE>

adjustment or action described in this Section 10.3 or in any other provision of
the Plan shall be authorized to the extent that such adjustment or action would
cause such Award to fail to so qualify under Section 162(m)(4)(C) or any
successor provisions thereto. No adjustment or action described in this Section
10.3 or in any other provision of the Plan shall be authorized to the extent
that such adjustment or action would cause the Plan to violate Section 422(b)(1)
of the Code. Furthermore, no such adjustment or action shall be authorized to
the extent such adjustment or action would result in short-swing profits
liability under Section 16 or violate the exemptive conditions of Rule 16b-3
unless the Administrator determines that the Award is not to comply with such
exemptive conditions. The number of shares of Common Stock subject to any Award
shall always be rounded to the next whole number.

            (e) The existence of the Plan, any Award Agreement and the Awards
granted hereunder shall not affect or restrict in any way the right or power of
the Company or the stockholders of the Company to make or authorize any
adjustment, recapitalization, reorganization or other change in the Company's
capital structure or its business, any merger or consolidation of the Company,
any issue of stock or of options, warrants or rights to purchase stock or of
bonds, debentures, preferred or prior preference stocks whose rights are
superior to or affect the Common Stock or the rights thereof or which are
convertible into or exchangeable for Common Stock, or the dissolution or
liquidation of the Company, or any sale or transfer of all or any part of its
assets or business, or any other corporate act or proceeding, whether of a
similar character or otherwise.

            10.4. Change in Control. Notwithstanding any other provision of the
Plan, in the event of a Change in Control, each outstanding Award shall,
immediately prior to the effective date of the Change in Control, automatically
become fully exercisable for all of the shares of Common Stock at the time
subject to such Award and may be exercised for any or all of those shares as
fully-vested shares of Common Stock.

            10.5. Approval of Plan by Stockholders. The Plan shall be submitted
for the approval of the Company's stockholders within twelve months after the
date of the Board's initial adoption of the Plan. Awards may be granted or
awarded prior to such stockholder approval; provided, however, that such Awards
shall not be exercisable nor shall such Awards vest prior to the time when the
Plan is approved by the stockholders; and provided, further, that if such
approval has not been obtained at the end of said twelve-month period, all
Awards previously granted or awarded under the Plan shall thereupon be canceled
and become null and void. In addition, if the Board determines that Awards other
than Options or Stock Appreciation Rights which may be granted to Section 162(m)
Employees should continue to be eligible to qualify as performance-based
compensation under Section 162(m)(4)(C) of the Code, the Performance Criteria
must be disclosed to and approved by the Company's stockholders no later than
the first stockholder meeting that occurs in the fifth year following the year
in which the Company's stockholders previously approved the Performance
Criteria.

            10.6. Tax Withholding. The Company shall be entitled to require
payment in cash or deduction from other compensation payable to each Holder of
any sums required by federal, state or local tax law to be withheld with respect
to the issuance, vesting, exercise or payment of any Award. The Administrator
may in its discretion and in satisfaction of the foregoing requirement allow
such Holder to elect to have the Company withhold shares of

                                       23
<PAGE>

Common Stock otherwise issuable under such Award (or allow the return of shares
of Common Stock) having a Fair Market Value equal to the sums required to be
withheld. Notwithstanding any other provision of the Plan, the number of shares
of Common Stock which may be withheld with respect to the issuance, vesting,
exercise or payment of any Award (or which may be repurchased from the Holder of
such Award within six months after such shares of Common Stock were acquired by
the Holder from the Company) in order to satisfy the Holder's federal and state
income and payroll tax liabilities with respect to the issuance, vesting,
exercise or payment of the Award shall be limited to the number of shares which
have a Fair Market Value on the date of withholding or repurchase equal to the
aggregate amount of such liabilities based on the minimum statutory withholding
rates for federal and state tax income and payroll tax purposes that are
applicable to such supplemental taxable income.

            10.7. Forfeiture Provisions. Subject to the limitations of
applicable law, pursuant to its general authority to determine the terms and
conditions applicable to Awards under the Plan, the Administrator shall have the
right to provide, in the terms of Awards made under the Plan, or to require a
Holder to agree by separate written instrument, that if (a)(i) the Holder at any
time, or during a specified time period, engages in any activity in competition
with the Company, or which is inimical, contrary or harmful to the interests of
the Company, as further defined by the Administrator or (ii) the Holder incurs a
Termination of Employment, Termination of Consultancy or Termination of
Directorship for cause, then (b) (i) any proceeds, gains or other economic
benefit actually or constructively received by the Holder upon any exercise of
the Award, or upon the receipt or resale of any Common Stock underlying any
Award, must be paid to the Company, and (ii) the Award shall terminate and any
unexercised portion of the Award (whether or not vested) shall be forfeited.

            10.8. Effect of Plan upon Options and Compensation Plans. The
adoption of the Plan shall not affect any other compensation or incentive plans
in effect for the Company or any Subsidiary. Nothing in the Plan shall be
construed to limit the right of the Company (a) to establish any other forms of
incentives or compensation for Employees, Directors or Consultants of the
Company or any Subsidiary or (b) to grant or assume options or other rights or
awards otherwise than under the Plan in connection with any proper corporate
purpose including but not by way of limitation, the grant or assumption of
options in connection with the acquisition by purchase, lease, merger,
consolidation or otherwise, of the business, stock or assets of any corporation,
partnership, limited liability company, firm or association.

            10.9. Compliance with Laws. The Plan, the granting and vesting of
Awards under the Plan and the issuance and delivery of shares of Common Stock
and the payment of money under the Plan or under Awards granted or awarded
hereunder are subject to compliance with all applicable federal and state laws,
rules and regulations (including but not limited to state and federal securities
law and federal margin requirements) and to such approvals by any listing,
regulatory or governmental authority as may, in the opinion of counsel for the
Company, be necessary or advisable in connection therewith. Any securities
delivered under the Plan shall be subject to such restrictions, and the person
acquiring such securities shall, if requested by the Company, provide such
assurances and representations to the Company as the Company may deem necessary
or desirable to assure compliance with all applicable legal requirements. To the
extent permitted by applicable law, the Plan and Awards granted or awarded
hereunder shall be deemed amended to the extent necessary to conform to such
laws, rules and regulations.

                                       24
<PAGE>

            10.10. Inability to Obtain Authority. The inability of the Company
to obtain authority from any regulatory body having jurisdiction, which
authority is deemed by the Company's counsel to be necessary to the lawful
issuance and sale of share of Common Stock hereunder, shall relieve the Company
of any liability in respect of the failure to issue or sell such shares of
Common Stock as to which such requisite authority shall not have been obtained.

            10.11. Reservation of Shares. The Company, during the term of this
Plan, shall at all times reserve and keep available such number of shares of
Common Stock as shall be sufficient to satisfy the requirements of the Plan.

            10.12. Titles. Titles are provided herein for convenience only and
are not to serve as a basis for interpretation or construction of the Plan.

            10.13. Governing Law. The Plan and any agreements hereunder shall be
administered, interpreted and enforced under the internal laws of the State of
California without regard to conflicts of laws thereof.

                                      * * *

            I hereby certify that the foregoing Plan was duly adopted by the
Board of Directors of Gen-Probe Incorporated on March 3rd, 2003, and amended on
May 13, 2003.

                                                       /s/ R. William Bowen
                                                       -------------------------
                                                       R. William Bowen
                                                       Secretary

                                      * * *

            I hereby certify that the foregoing Plan was duly approved by the
stockholders of Gen-Probe Incorporated on May 29, 2003.

                                                       /s/ R. William Bowen
                                                       -------------------------
                                                       R. William Bowen
                                                       Secretary

                                       25
<PAGE>

                                  ATTACHMENT II

               DEFERRED ISSUANCE RESTRICTED STOCK AWARD AGREEMENT

                                       26
<PAGE>

                             GEN-PROBE INCORPORATED
                            2003 INCENTIVE AWARD PLAN
               DEFERRED ISSUANCE RESTRICTED STOCK AWARD AGREEMENT

            Pursuant to the Deferred Issuance Restricted Stock Award Grant
Notice (the "GRANT NOTICE") and this Deferred Issuance Restricted Stock Award
Agreement (the "AGREEMENT"), Gen-Probe Incorporated (the "COMPANY") hereby
grants to you a deferred issuance restricted stock award pursuant to Section 7
of The 2003 Incentive Award Plan of Gen-Probe Incorporated (the "PLAN") for the
number of shares as indicated in the Grant Notice (collectively, the "AWARD").

            WHEREAS, Section 409A of the Internal Revenue Code of 1986, as
amended (the "CODE") provides that deferred compensation arrangements
(including, in this case, the Award) that do not comply with, among other
things, the distribution requirements of Code Section 409A, are subject to an
additional 20% tax, plus interest, on the distribution.

            WHEREAS, Code Section 409A provides that the payment of the deferred
compensation must not occur prior to: (i) Termination of Service (but "key
employees" of publicly traded companies must wait an additional six months),
(ii) Disability, (iii) death, (iv) a fixed date (or dates) specified at the time
of deferral, (v) a change in control, or (vi) the occurrence of an unforeseeable
emergency.

            WHEREAS, you are a "key employee" for purposes of the distribution
limitations contained in Code Section 409A and as defined in Code Section
416(i).

            NOW, THEREFORE, in consideration of the mutual covenants herein
contained and other good and valuable consideration, the receipt of which is
hereby acknowledged, the parties hereto do hereby agree as follows:

                                    ARTICLE I

                                   DEFINITIONS

            1.1 General. Terms not explicitly defined in this Agreement but
defined in the Plan shall have the same definitions as in the Plan. Wherever the
following terms are used in this Agreement they shall have the meanings
specified below, unless the context clearly indicates otherwise.

            1.2 Cause. "CAUSE" shall mean (a) your failure or refusal to perform
specific and lawful directions with respect to your service with the Company or
a Subsidiary, (b) the commission by you of a felony or the perpetration by you
of an act of fraud, dishonesty, or misrepresentation against, or breach of
fiduciary duty toward, the Company or a Subsidiary or (c) any willful act or
omission by you which is injurious in any material respect to the financial
condition or business reputation of the Company or a Subsidiary.

            1.3 Disability. "DISABILITY" means you are (i) unable to engage in
any substantial gainful activity by reason of any medically determinable
physical or mental impairment which can be expected to result in death or can be
expected to last for a continuous

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period of not less than twelve (12) months, or (ii) by reason of any medically
determinable physical or mental impairment which can be expected to result in
death or can be expected to last for a continuous period of not less than twelve
(12) months, receiving income replacement benefits for a period of not less than
three (3) months under an accident and health plan covering employees of the
Company.

            1.4 Secretary. "SECRETARY" shall mean the Secretary of the Company.

            1.5 Termination of Service. "TERMINATION OF SERVICE" means your
"separation from service" from the Company and its Subsidiaries for purposes of
Section 409A of the Code, including that which occurs as a result of Disability
or death.

                                   ARTICLE II

                                DETAILS OF AWARD

            2.1 Purchase Price Consideration. The Award is provided to you in
consideration of your past services. Therefore, you are not required to pay a
purchase price to receive the Award.

            2.2 Vesting. Subject to the limitations contained herein, your Award
will vest as provided in the Grant Notice.

            2.3 Dividends. You shall be entitled to receive payments equal to
any cash dividends and other distributions paid with respect to a corresponding
number of shares covered by your Award, provided that if any such dividends or
distributions are paid in shares, the Fair Market Value of such shares shall be
converted into additional shares covered by the Award, and further provided that
such additional shares shall be subject to the same forfeiture restrictions and
restrictions on transferability as apply to the shares subject to the Award with
respect to which they relate.

            2.4 Date of Issuance.

                  (a) The Company will issue to you a number of shares of the
Company's Common Stock equal to the number of vested shares subject to your
Award, including any additional shares received pursuant to Section 2.3 above
that relate to those vested shares, on the earlier of (i) May 20, 2009, or (ii)
the effective date of your Termination of Service.

                  (b) Notwithstanding anything to the contrary set forth herein,
because you are a "key employee" for purposes of the distribution limitations
contained in Code Section 409A and as defined in Code Section 416(i), share
issuances to you as a result of your Termination of Service shall not be made
before the date which is six (6) months following the date of your Termination
of Service, or, if earlier, the date of your death or Disability.

                                       2.
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            2.5 Capitalization Adjustments to Number of Shares. The number of
shares of Common Stock subject to your Award may be adjusted from time to time
for capitalization adjustments as described in Section 10.3 of the Plan.

            2.6 Securities Law Compliance. You will not be issued any shares of
Common Stock under your Award unless the shares are either (a) then registered
under the Securities Act of 1933 (the "SECURITIES ACT") or (b) the Company has
determined that such issuance would be exempt from the registration requirements
of the Securities Act. Your Award must also comply with other applicable laws
and regulations governing the Award, and you will not receive any shares of
Common Stock pursuant to your Award if the Company determines that such receipt
would not be in material compliance with such laws and regulations.

            2.7 Limitations on Transfer. Your Award is not transferable, except
by will or by the laws of descent and distribution. In addition to any other
limitation on transfer created by applicable securities laws, you agree not to
assign, hypothecate, donate, encumber or otherwise dispose of any interest in
any of the shares of Common Stock held by you under the Award until the shares
are issued to you in accordance with Section 2.4 of this Agreement. After the
shares have been issued to you, you are free to assign, hypothecate, donate,
encumber or otherwise dispose of any interest in such shares provided that any
such actions are in compliance with the provisions herein and applicable
securities laws.

            2.8 Corporate Event. If at any time prior to the issuance of the
shares, an event as described in subsection 10.3(b) of the Plan occurs, any
successor of the Company may assume this Award or substitute a similar stock
award. If any surviving corporation or acquiring corporation refuses to assume
this Award or substitute a similar stock award in connection with such event,
the shares subject to the Award shall fully vest and be issued to you
immediately prior to such event.

            2.9 Withholding Obligations.

                  (a) On or before the time you receive a distribution of shares
pursuant to your Award, or at any time thereafter as requested by the Company,
you hereby authorize withholding from payroll and/or any other amounts payable
to you, and otherwise agree to make adequate provision for any sums required to
satisfy the federal, state, local and foreign tax withholding obligations of the
Company or a Subsidiary, if any, which arise in connection with your Award.

                  (b) Unless the tax withholding obligations of the Company
and/or any Subsidiary are satisfied, the Company shall have no obligation to
issue a certificate for the shares of Common Stock subject to your Award.

            2.10 Unsecured Obligation. Your Award is unfunded, and as a holder
of a vested Award, you shall be considered an unsecured creditor of the Company
with respect to the Company's obligation, if any, to issue shares pursuant to
this Agreement. You shall not have voting or any other rights as a stockholder
of the Company with respect to the shares purchased pursuant to this Agreement
until such shares are issued to you pursuant to Section 2.4 of this Agreement.
Upon such issuance, you will obtain full voting and other rights as a
stockholder of

                                       3.
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the Company. Nothing contained in this Agreement, and no action taken pursuant
to its provisions, shall create or be construed to create a trust of any kind or
a fiduciary relationship between you and the Company or any other person.

            2.11 Vesting Consideration. In consideration of the vesting of the
Award, you agree to render faithful and efficient services to the Company or any
Subsidiary, with such duties and responsibilities as the Company shall from time
to time prescribe. Nothing in the Plan or this Agreement shall confer upon you
any right to continue in the service of the Company or any Subsidiary or shall
interfere with or restrict in any way the rights of the Company and its
Subsidiaries, which are hereby expressly reserved, to discharge you at any time
for any reason whatsoever, with or without Cause.

                                   ARTICLE III

                                OTHER PROVISIONS

            3.1 Administration. The Committee shall have the power to interpret
the Plan and this Agreement and to adopt such rules for the administration,
interpretation and application of the Plan as are consistent therewith and to
interpret, amend or revoke any such rules. All actions taken and all
interpretations and determinations made by the Committee in good faith shall be
final and binding upon you, the Company and all other interested persons. No
member of the Committee shall be personally liable for any action, determination
or interpretation made in good faith with respect to the Plan or this Agreement.
In its absolute discretion, the Board may at any time and from time to time
exercise any and all rights and duties of the Committee under the Plan and this
Agreement.

            3.2 Transfers. The rights and obligations of the Company under your
Award shall be transferable to any one or more persons or entities, and all
covenants and agreements hereunder shall inure to the benefit of, and be
enforceable by the Company's successors and assigns.

            3.3 Lock-Up Period. You hereby agree that, if so requested by the
Company or any representative of the underwriters (the "MANAGING UNDERWRITER")
in connection with any registration of the offering of any securities of the
Company under the Securities Act, you shall not sell or otherwise transfer any
shares of Common Stock or other securities of the Company during such period as
may be requested in writing by the Managing Underwriter and agreed to in writing
by the Company (which period shall not be longer than 180 days) following the
effective date of a registration statement of the Company filed under the
Securities Act.

            3.4 Restrictive Legends and Stop-Transfer Orders.

                  (a) The share certificate or certificates evidencing the
shares of Common Stock issued to you hereunder shall be endorsed with any
legends that may be required by state or federal securities laws, if any, as
determined by the Company.

                  (b) You agree that, in order to ensure compliance with the
restrictions referred to herein, the Company may issue appropriate "stop
transfer" instructions to its transfer

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agent, if any, and that, if the Company transfers its own securities, it may
make appropriate notations to the same effect in its own records.

                  (c) The Company shall not be required: (i) to transfer on its
books any shares of Common Stock that have been sold or otherwise transferred in
violation of any of the provisions of this Agreement, or (ii) to treat as owner
of such shares of Common Stock or to accord the right to vote or pay dividends
to any purchaser or other transferee to whom such shares shall have been so
transferred.

            3.5 Notices. Any notice to be given under the terms of this
Agreement to the Company shall be addressed to the Company in care of the
Secretary, and any notice to be given to you shall be addressed to you at the
address given beneath your signature to the Conversion Agreement. By a notice
given pursuant to this Section 3.5, either party may hereafter designate a
different address for notices to be given to that party. Any notice which is
required to be given to you shall, if you are then deceased, be given to your
personal representative if such representative has previously informed the
Company of such representative's status and address by written notice under this
Section 3.5. Any notice shall be deemed duly given when delivered personally or
enclosed in a properly sealed envelope or wrapper addressed as aforesaid,
deposited (with postage prepaid) certified or registered mail in a post office
or branch post office regularly maintained by the United States Postal Service.

            3.6 Titles. Titles are provided herein for convenience only and are
not to serve as a basis for interpretation or construction of this Agreement.

            3.7 Construction. This Agreement shall be administered, interpreted
and enforced under the laws of the State of California without regard to
conflicts of laws principles thereof. You agree upon request to execute any
further documents or instruments necessary or desirable in the sole
determination of the Company to carry out the purposes or intent of your Award.
You acknowledge and agree that you have reviewed your Award in its entirety,
have had an opportunity to obtain the advice of counsel prior to executing and
accepting your Award and fully understand all provisions of your Award.

            3.8 Conformity to Securities Laws. You acknowledge that the Plan is
intended to conform to the extent necessary with all provisions of the
Securities Act and the Exchange Act and any and all regulations and rules
promulgated by the Securities and Exchange Commission thereunder, and state
securities laws and regulations. Notwithstanding anything herein to the
contrary, the Plan shall be administered, and the Award is granted, only in such
a manner as to conform to such laws, rules and regulations. To the extent
permitted by applicable law, the Plan and this Agreement shall be deemed amended
to the extent necessary to conform to such laws, rules and regulations.

            3.9 Amendments. This Agreement may not be modified, amended or
terminated except by an instrument in writing, signed by you and by a duly
authorized representative of the Company. Notwithstanding the foregoing, this
Agreement may be amended solely by the Committee by a writing which specifically
states that it is amending this Agreement, so long as a copy of such amendment
is delivered to you, and provided that no such amendment adversely affecting
your rights hereunder may be made without your written

                                       5.
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consent. Without limiting the foregoing, the Committee reserves the right to
change, by written notice to you, the provisions of this Agreement in any way it
may deem necessary or advisable to carry out the purpose of the grant as a
result of any change in applicable laws or regulations or any future law,
regulation, ruling, or judicial decision, provided that any such change shall be
applicable only to rights relating to that portion of the Award which is then
subject to restrictions as provided herein.

            3.10 Governing Plan Document. Your Award is subject to all the
provisions of the Plan, the provisions of which are hereby made a part of your
Award, and is further subject to all interpretations, amendments, rules and
regulations which may from time to time be promulgated and adopted pursuant to
the Plan. In the event of any conflict between the provisions of your Award and
those of the Plan, the provisions of the Plan shall control; provided, however,
that Section 2.4 of this Agreement shall govern the timing of any distribution
of shares under your Award.

            3.11 Severability. If all or any part of this Agreement or the Plan
is declared by any court or governmental authority to be unlawful or invalid,
such unlawfulness or invalidity shall not invalidate any portion of this
Agreement or the Plan not declared to be unlawful or invalid. Any Section of
this Agreement (or part of such a Section) so declared to be unlawful or invalid
shall, if possible, be construed in a manner which will give effect to the terms
of such Section or part of a Section to the fullest extent possible while
remaining lawful and valid.

            3.12 Effect on Other Employee Benefit Plans. The value of the Award
subject to this Agreement shall not be included as compensation, earnings,
salaries, or other similar terms used when calculating the Employee's benefits
under any employee benefit plan sponsored by the Company or any subsidiary,
except as such plan otherwise expressly provides. The Company expressly reserves
its rights to amend, modify, or terminate any of the Company's or any
Subsidiary's employee benefit plans.

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                                       6.

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