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                                                                    EXHIBIT 10.1

                             GREENFIELD ONLINE, INC.

                            INDEMNIFICATION AGREEMENT

      This Indemnification Agreement (the "Agreement") is made as of     , by
and between Greenfield Online, Inc., a Delaware corporation (the "Company"),
and         (the "Indemnitee").

                                    RECITALS

A.    The Company desires to attract and retain qualified directors, officers,
      employees and other agents, and to provide them with protection against
      liability and expenses incurred while acting in that capacity;

B.    The Company's Amended and Restated Certificate of Incorporation (the
      "Certificate of Incorporation") and its Amended and Restated Bylaws (the
      "Bylaws") contain provisions for indemnifying directors and officers of
      the Company, and the Certificate of Incorporation, Bylaws and Delaware
      General Corporation Law contemplate that separate contracts may be entered
      into between the Company and its directors and officers, employees and
      other agents with respect to their indemnification by the Company, which
      contracts may provide greater protection than is afforded by the
      Certificate of Incorporation and Bylaws;

C.    The Company understands that Indemnitee has reservations about serving or
      continuing to serve the Company without adequate protection against
      personal liability arising from such service, and that it is also of
      critical importance to Indemnitee that adequate provision be made for
      advancing costs and expenses of legal defense; and

D.    The Board of Directors of the Company has approved as being in the best
      interests of the Company indemnity agreements substantially in the form of
      this Agreement for directors and officers of the Company.

      NOW, THEREFORE, in order to induce Indemnitee to serve or to continue to
serve as a director and/or officer of the Company, and in consideration of
Indemnitee's service to the Company, the parties agree as follows:

1. Contractual Indemnity. In addition to the indemnification provisions of the
Certificate of Incorporation and Bylaws of the Company, the Company hereby
agrees, subject to the limitations of Sections 2 and 5 hereof:

      (a) To indemnify, defend and hold Indemnitee harmless to the greatest
extent possible under applicable law from and against any and all judgments,
fines, penalties, amounts paid in settlement and any other amounts reasonably
incurred or suffered by Indemnitee (including attorneys' fees) in connection
with any threatened, pending or
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completed action, suit or proceeding, whether civil, criminal, administrative or
investigative, including an action by or in the right of the Company, to which
Indemnitee is, was or at any time becomes a party, or is threatened to be made a
party, by reason of the fact that Indemnitee is, was or at any time becomes a
director, officer, employee or agent of the Company or is or was serving or at
any time serves at the request of the Company as a director, officer, employee
or agent of another corporation, partnership, joint venture, trust or other
enterprise (collectively referred to hereafter as a "Claim"), whether or not
arising prior to the date of this Agreement.

      (b) To pay any and all expenses reasonably incurred by Indemnitee in
defending any Claim or Claims (including reasonable attorneys' fees and other
reasonable costs of investigation and defense), as the same are incurred and in
advance of the final disposition of any such Claim or Claims, upon receipt of an
undertaking by or on behalf of Indemnitee to reimburse such amounts if it shall
be ultimately determined that Indemnitee (i) is not entitled to be indemnified
by the Company under this Agreement, and (ii) is not entitled to be indemnified
by the Company under the Certificate of Incorporation or the Bylaws of the
Company or under applicable law.

      The termination of any action or proceeding by judgment, order,
settlement, conviction, or upon a plea of nolo contendere or its equivalent,
shall not, of itself, create a presumption that (i) Indemnitee did not act in
good faith and in a manner which Indemnitee reasonably believed to be in the
best interests of the Company, or (ii) with respect to any criminal action or
proceeding, Indemnitee had reasonable cause to believe that Indemnitee's conduct
was unlawful.

2. Limitations on Contractual Indemnity. Indemnitee shall not be entitled to
indemnification or advancement of expenses under Section 1:

      (a) if a court of competent jurisdiction, by final judgment or decree,
shall determine that (i) the Claim or Claims in respect of which indemnity is
sought arise from Indemnitee's fraudulent, dishonest or willful misconduct, or
(ii) such indemnity is not permitted under applicable law; or

      (b) on account of any suit in which judgment is rendered for an accounting
of profits made from the purchase or sale by Indemnitee of securities of the
Company in violation of the provisions of Section 16(b) of the Securities
Exchange Act of 1934 and amendments thereto or similar provisions of any
federal, state or local statutory law; or

      (c) for any acts or omissions or transactions from which a director may
not be relieved of liability under the Delaware General Corporation Law; or

      (d) with respect to proceedings or claims initiated or brought voluntarily
by Indemnitee and not by way of defense, except (i) with respect to proceedings
brought in good faith to establish or enforce a right to indemnification under
this Agreement or any other statute or law, or (ii) at the Company's discretion,
in specific cases if the Board of Directors of the Company has approved the
initiation or bringing of such suit; or
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      (e) for expenses or liabilities of any type whatsoever (including, but not
limited to, judgments, fines, ERISA excise taxes or penalties, and amounts paid
in settlement) which have been paid directly to Indemnitee by an insurance
carrier under a policy of directors' and officers' liability insurance
maintained by the Company; or

      (f) on account of any suit brought against Indemnitee for misuse or
misappropriation of non-public information, or otherwise involving Indemnitee's
status as an "insider" of the Company, in connection with any purchase or sale
by Indemnitee of securities of the Company.

3. Continuation of Contractual Indemnity. Subject to the termination provisions
of Section 11, all agreements and obligations of the Company contained herein
shall continue for so long as Indemnitee shall be subject to any possible
action, suit, proceeding or other assertion of a Claim or Claims.

4. Expenses; Advancement Procedure. The Company shall advance all expenses
incurred by Indemnitee in connection with the investigation, defense, settlement
or appeal of any civil or criminal action or proceeding referenced in Section 1
hereof (it being understood that amounts actually paid in settlement of any such
action or proceeding shall not be treated as expenses under this Agreement).
Indemnitee hereby undertakes to repay such amounts advanced if, and to the
extent that, it shall ultimately be determined that Indemnitee is not entitled
to be indemnified by the Company as authorized hereby. The advances to be made
hereunder shall be paid by the Company to Indemnitee within twenty (20) days
following receipt by the Company of a written request therefor from Indemnitee.

5. Notification and Defense of Claim. If any action, suit, proceeding or other
Claim is brought against Indemnitee in respect of which indemnity may be sought
under this Agreement:

      (a) Indemnitee will promptly notify the Company in writing of the
commencement thereof, and the Company and any other indemnifying party similarly
notified will be entitled to participate therein at its own expense or to assume
the defense thereof and to employ counsel reasonably satisfactory to Indemnitee.
Notice to the Company shall be directed to the Chief Executive Officer of the
Company at the address shown on the signature page of this Agreement (or such
other address as the Company shall designate in writing to Indemnitee). Notice
shall be deemed received three (3) business days after the date postmarked if
sent by domestic certified or registered mail, properly addressed; otherwise
notice shall be deemed received when such notice shall actually be received by
the Company. Indemnitee shall have the right to employ its own counsel in
connection with any such Claim and to participate in the defense thereof, but
the fees and expenses of such counsel shall be at the expense of Indemnitee
unless (i) the Company shall not have assumed the defense of the Claim and
employed counsel for such defense, or (ii) the named parties to any such action
(including any impleaded parties) include both Indemnitee and the Company, and
Indemnitee shall have reasonably concluded that joint representation is
inappropriate under applicable standards of professional conduct due to a
material conflict of interest between Indemnitee and the
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Company, in either of which events the reasonable fees and expenses of such
counsel to the Indemnitee shall be borne by the Company upon receipt by the
Company of the undertaking referred to in subparagraph (b) of Section 1.
However, in no event will the Company be obligated to pay the fees or expenses
of more than one firm of attorneys representing Indemnitee and any other agents
of the Company in connection with any one Claim or separate but substantially
similar or related Claims in the same jurisdiction arising out of the same
general allegations or circumstances.

      (b) The Company shall not be liable to indemnify Indemnitee for any
amounts paid in settlement of any Claim effected without the Company's written
consent, and the Company shall not settle any Claim in a manner which would
impose any penalty or limitation on Indemnitee without Indemnitee's written
consent; provided, however, that neither the Company nor Indemnitee will
unreasonably withhold its consent to any proposed settlement and, provided
further, that if a claim is settled by the Indemnitee with the Company's written
consent, or if there be a final judgment or decree for the plaintiff in
connection with the Claim by a court of competent jurisdiction, the Company
shall indemnify and hold harmless Indemnitee from and against any and all
losses, costs, expenses and liabilities incurred by reason of such settlement or
judgment.

      (c) Indemnitee shall give the Company such information and cooperation as
it may reasonably require and as shall be within Indemnitee's power.

      (d) Any indemnification provided for in Section 1 shall be made no later
than forty-five (45) days after receipt of the written request of Indemnitee. If
a Claim under this Agreement, under any statute, or under any provision of the
Certificate of Incorporation or Bylaws providing for indemnification, is not
paid in full by the Company within forty-five (45) days, or any advance of
expenses pursuant to Section 4 is not paid in full by the Company within twenty
(20) days, after a written request for payment thereof has first been received
by the Company, Indemnitee may, but need not, at any time thereafter bring an
action against the Company to recover the unpaid amount of the claim and,
subject to Section 13 of this Agreement, Indemnitee shall also be entitled to be
reimbursed for the expenses (including attorneys' fees) of bringing such action.
It shall be a defense to any such action (other than an action brought to
enforce a claim for expenses incurred in connection with any action or
proceeding in advance of its final disposition) that Indemnitee has not met the
standards of conduct which make it permissible under applicable law for the
Company to indemnify Indemnitee for the amount claimed but the burden of proving
such defense shall be on the Company, and Indemnitee shall be entitled to
receive interim payments of expenses pursuant to Subsection 4 unless and until
such defense may be finally adjudicated by court order or judgment from which no
further right of appeal exists. It is the parties' intention that if the Company
contests Indemnitee's right to indemnification, the question of Indemnitee's
right to indemnification shall be for the court to decide, and neither the
failure of the Company (including its Board of Directors, any committee or
subgroup of the Board of Directors, independent legal counsel, or its
stockholders) to have made a determination that indemnification of Indemnitee is
proper in the circumstances because Indemnitee has met the applicable standard
of conduct required by applicable law, nor an actual
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determination by the Company (including its Board of Directors, any committee or
subgroup of the Board of Directors, independent legal counsel, or its
stockholders) that Indemnitee has not met such applicable standard of conduct,
shall create a presumption that Indemnitee has or has not met the applicable
standard of conduct.

      (e) If, at the time of the receipt of a notice of a Claim, the Company has
director and officer liability insurance in effect, the Company shall give
prompt notice of the commencement of such proceeding to the insurers in
accordance with the procedures set forth in the respective policies. The Company
shall thereafter take all necessary or desirable action to cause such insurers
to pay, on behalf of the Indemnitee, all amounts payable as a result of such
proceeding in accordance with the terms of such policies.

6. Scope. Notwithstanding any other provision of this Agreement, the Company
hereby agrees to indemnify the Indemnitee against any Claim to the fullest
extent permitted by law, notwithstanding that such indemnification is not
specifically authorized by the other provisions of this Agreement, the
Certificate of Incorporation, the Bylaws or by statute. In the event of any
change, after the date of this Agreement, in any applicable law, statute or rule
which expands the right of a Delaware corporation to indemnify a member of its
board of directors, an officer or other corporate agent, such changes shall be,
ipso facto, within the purview of Indemnitee's rights and Company's obligations,
under this Agreement. In the event of any change in any applicable law, statute,
or rule which narrows the right of a Delaware corporation to indemnify a member
of its Board of Directors, an officer, or other corporate agent, such changes,
to the extent not otherwise required by applicable law to be applied to this
Agreement, shall have no effect on this Agreement or the parties' rights and
obligations hereunder.

7. Partial Indemnification. If Indemnitee is entitled under any provision of
this Agreement to indemnification by the Company for some or a portion of the
expenses, judgments, fines or penalties actually or reasonably incurred by him
in the investigation, defense, appeal or settlement of any civil or criminal
action or proceeding, but not, however, for the total amount thereof, the
Company shall nevertheless indemnify Indemnitee for the portion of such
expenses, judgments, fines or penalties to which Indemnitee is entitled.

8. Public Policy. Both the Company and Indemnitee acknowledge that in certain
instances, Federal law or applicable public policy may prohibit the Company from
indemnifying its directors and officers under this Agreement or otherwise.
Indemnitee understands and acknowledges that the Company has undertaken or may
be required in the future to undertake with the Securities and Exchange
Commission to submit the question of indemnification to a court in certain
circumstances for a determination of the Company's right under public policy to
indemnify Indemnitee.

9. Insurance. Although the Company may from time to time maintain insurance for
the purpose of indemnifying Indemnitee and other agents of the Company against
personal liability, including costs of legal defense, nothing in this Agreement
shall obligate the Company to do so.
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10. No Restrictions. The rights and remedies of Indemnitee under this Agreement
shall not be deemed to exclude or impair any other rights or remedies to which
Indemnitee may be entitled under the Certificate of Incorporation or Bylaws, or
under any other agreement, provision of law or otherwise, nor shall anything
contained herein restrict the right of the Company to indemnify Indemnitee in
any proper case even though not specifically provided for in this Agreement, nor
shall anything contained herein restrict Indemnitee's right to contribution as
may be available under applicable law.

11. Termination. The Company may terminate this Agreement at any time upon 90
days written notice, but any such termination will not affect Claims relating to
events occurring prior to the effective date of termination.

12. Severability. Each of the provisions of this Agreement is a separate and
distinct agreement and independent of the others, so that if any provision
hereof shall be held to be invalid or unenforceable for any reason, such
invalidity or unenforceability shall not affect the validity or enforceability
of the other provisions hereof.

13. Attorneys' Fees. In the event of any litigation or other action or
proceeding to enforce or interpret this Agreement, the prevailing party as
determined by the court shall be entitled to an award of its reasonable
attorneys' fees and other costs, in addition to such relief as may be awarded by
a court or other tribunal.

14. Further Assurances. The parties will do, execute and deliver, or will cause
to be done, executed and delivered, all such further acts, documents and things
as may be reasonably required for the purpose of giving effect to this Agreement
and the transactions contemplated hereby.

15. Acknowledgment. The Company expressly acknowledges that it has entered into
this Agreement and assumed the obligations imposed on the Company hereunder in
order to induce Indemnitee to serve or to continue to serve as an agent of the
Company, and acknowledges that Indemnitee is relying on this Agreement in
serving or continuing to serve in such capacity.
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16. Construction of Certain Phrases.

      (a) Company: For purposes of this Agreement, references to the "Company"
shall also include, in addition to the resulting corporation in any
consolidation or merger to which the Company is a party, any constituent
corporation (including any constituent of a constituent) absorbed in
consolidation or merger which, if its separate existence had continued, would
have had power and authority to indemnify its directors, officers, employees or
agents, so that if Indemnitee is or was a director, officer, employee or agent
of such constituent corporation, or is or was serving at the request of such
constituent corporation as a director, officer, employee or agent of another
corporation, partnership, joint venture, trust or other enterprise, Indemnitee
shall stand in the same position under the provisions of this Agreement with
respect to the resulting or surviving corporation as Indemnitee would have with
respect to such constituent corporation if its separate existence had continued.

      (b) Benefit Plans: References to "fines" contained in this Agreement shall
include any excise taxes assessed on Indemnitee with respect to an employee
benefit plan; and references to "serving at the request of the Company" shall
include any service as a director, officer, employee or agent of the Company
which imposes duties on, or involves services by, such director, officer,
employee or agent with respect to an employee benefit plan, its participants, or
beneficiaries.

17. Counterparts. This Agreement may be executed in one or more counterparts,
each of which shall constitute an original.

18. Notice. All notices, requests, demands and other communications under this
Agreement shall be in writing and shall be deemed duly given (i) if delivered by
hand and receipted for by the party addressee, on the date of such receipt, or
(ii) if mailed by domestic certified or registered mail with postage prepaid, on
the third business day after the date postmarked. Addresses for notice to either
party are as shown on the signature page of this Agreement, or as subsequently
modified by written notice.

19.   Governing Law; Binding Effect; Amendment.

      (a) This Agreement shall be interpreted and enforced in accordance with
the laws of the State of Delaware applicable to contracts entered into in
Delaware.

      (b) This Agreement shall be binding upon Indemnitee and the Company, their
successors and assigns, and shall inure to the benefit of Indemnitee, his heirs,
personal representatives and assigns and to the benefit of the Company, its
successors and assigns.

      (c) No amendment, modification, termination or cancellation of this
Agreement shall be effective unless in writing signed by both parties hereto. IN
WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date
first above written.
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                     GREENFIELD ONLINE, INC.

                     By:
                         -----------------------------------------

                     Its:
                          ----------------------------------------

                     Address:
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                              ------------------------------------

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

                     INDEMNITEE

                     Signature:
                                ----------------------------------

                     Name:
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                     Address:
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                                                                    EXHIBIT 10.2

                             GREENFIELD ONLINE, INC.
                   AMENDED AND RESTATED 1999 STOCK OPTION PLAN

                  ADOPTED: MAY 12, 1999, AMENDED MARCH 3, 2000

1.    INTRODUCTIONS AND DEFINITIONS

      1.1 THE PLAN

      This 1999 Stock Option Plan (hereinafter, this "Plan") establishes the
right of and procedures for Greenfield Online, Inc. (the "Company") to grant
stock options to its employees and/or consultants. This Plan provides for the
granting of two types of options, namely (1) Incentive Stock Options, as defined
and governed by Section 422 of the Internal Revenue Code of 1986, as amended,
and (2) Nonqualified Stock Options. This Plan sets forth provisions applicable
to both types of options, to Incentive Stock Options only, and to Nonqualified
Stock Options only.

      1.2 DEFINITIONS

      Capitalized terms used in this Plan shall have the following meanings:

      "ACT" means the Securities Act of 1933.

      "BOARD" means the Board of Directors of the Company.

      "CHANGE OF CONTROL EVENT" means a merger, consolidation, tender offer,
takeover bid, or sale of assets, as the case may be and as described in
Subsections (1) through (3) of Section 2.5(a).

      "CODE" means the Internal Revenue Code of 1986, as amended.

      "COMMITTEE" means a committee appointed by the Board, pursuant to Section
2.3 hereof, to administer the provisions of this Plan, and in the absence of any
such committee, references to the Committee shall mean the Board.

      "COMPANY" means Greenfield Online, Inc.

      "CONSULTANT" means any person engaged by the Company or any current or
future subsidiary of the Company to perform services as a non-employee service
provider, advisor or consultant pursuant to the terms of a written plan or
contract. "Consultants" is the plural of Consultant.

      "EMPLOYEE" means, for purposes of this Plan, persons continuously employed
by the Company or by any current or future foreign or domestic subsidiary of the
Company on a regular basis, whether full-time or part-time, at any time during
the duration hereof. "Employees" is the plural of Employee.

      "EXCHANGE ACT" means the Securities Exchange Act of 1934, as from time to
time amended, or any replacement act or legislation.

      "FAIR MARKET VALUE" of the Company's equity Securities shall be determined
by the Board or, in the event the Company's Securities are listed on any
national exchange, over-the-counter, or other stock trading market, then as of
any time based upon the prevailing bid price of the Company's common stock as of
such time.

      "INCENTIVE STOCK OPTION" means an option issued by the Company to purchase
shares of stock of the Company that meets the definition of "incentive stock
option" contained in Section 422 of the Internal Revenue Code of 1986, as
amended, and that is issued by the Company to be an Incentive Stock Option.
"Incentive Stock Options" is the plural of Incentive Stock Option.
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      "NONQUALIFIED STOCK OPTION" means an option issued by the Company to
purchase shares of stock of the Company that is not an Incentive Stock Option.
"Nonqualified Stock Options" is the plural of Nonqualified Stock Option.

      "OPTIONED SHARES" means Shares subject to a Stock Option.

      "OPTIONEE" means the recipient of a Stock Option pursuant to a Stock
Option Agreement. "Optionees" is the plural of Optionee.

      "PLAN" means this Greenfield Online, Inc. 1999 Stock Option Plan, which
also may be referred to as the "Greenfield Online Stock Option Plan."

      "PLAN GUIDELINES" shall mean the guidelines, rules, policies, regulations,
forms of notice, and forms of agreements and instruments, if any, adopted and
amended by the Board from time to time with respect to this Plan pursuant to
Section 2.3.

      "RELOAD OPTIONS" means reload rights for the purchase, at the time of the
exercise of any Stock Option, of a number of shares equal to the number of
shares purchased by such exercise, as described in Section 5.

      "SHARES" shall mean the Shares of the Company reserved for issuance under
this Plan as further defined in Section 2.2.

      "STOCK OPTION" means an agreement entered into by the Company granting the
recipient the right to purchase shares of stock of the Company, at certain
times, and under certain conditions, subject to certain obligations and
responsibilities as defined in this Plan and in the written Stock Option
Agreement, whether an Incentive Stock Option or a Nonqualified Stock Option.
"Stock Options" is the plural of Stock Option.

      "STOCK OPTION AGREEMENT" means the written contract by which a Stock
Option is granted by the Company to an Optionee. "Stock Option Agreements" is
the plural of Stock Option Agreement.

      2. GENERAL PROVISIONS APPLICABLE TO BOTH NONQUALIFIED STOCK OPTIONS AND
INCENTIVE STOCK OPTIONS GRANTED BY THE COMPANY.

            2.1 OBJECTIVES OF THIS PLAN

      The purpose of this Plan is to encourage ownership of common stock of the
Company by Employees and to provide a means of granting Stock Options to
Consultants. This Plan is intended to provide an incentive to Employees for
maximum effort in the successful operation of the Company and is expected to
benefit the shareholders by enabling the Company to attract and retain personnel
of the best available talent through the opportunity to share in the increased
value of the Company's shares to which such personnel have contributed. The
benefits of this Plan are not a substitute for compensation otherwise payable to
Employees pursuant to the terms of their employment. This Plan may be referred
to as the Greenfield Online Stock Option Plan.

            2.2 STOCK RESERVED FOR THIS PLAN

      The stock initially reserved by the Board for issue upon the exercise of
Stock Options granted under this Plan shall be 6,238,550 shares of the common
stock of the Company (the "Shares") which Shares shall be reserved from the
Company's authorized and unissued shares. Shares subject to any Stock Option
under this Plan which are not exercised in full or Shares as to which the right
to purchase is forfeited through default or otherwise, shall remain available
for other Stock Options under this Plan. The aggregate number of Shares subject
to Stock Options under this Plan or reserved for issuance by the Board shall not
exceed the number approved by the shareholders at the time of adoption hereof
unless such increase is approved by the Company's shareholders. Such approval
shall be by the affirmative vote of shareholders holding a majority of the
issued and outstanding shares of common stock of the Company entitled to vote at
a meeting called to approve said increase.
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            2.3 ADMINISTRATION OF THIS PLAN

      This Plan shall be administered by the Board, provided the Board may
appoint a Board committee ( the "Committee") to administer this Plan in the name
of the Board. At all times during which the Company is subject to the periodic
reporting requirements of the Exchange Act, each member of the Board or the
Committee who participates in administration must be a "non-employee director"
as that term is defined in Rule 16b-3 promulgated pursuant to the Exchange Act
and the transactions contemplated hereunder shall be structured to satisfy the
requirements for exemption under Rule 16b-3. To the extent that the Board
determines it to be desirable to qualify Stock Options granted hereunder as
"performance-based compensation" within the meaning of Section 162(m) of the
Code, the Plan shall be administered by a Committee of two or more "outside
directors" within the meaning of Section 162(m). The Board or the Committee so
appointed shall have full power and authority to administer and interpret this
Plan and to adopt, from time to time, such guidelines, rules, policies,
regulations, forms of notice, and forms of agreements and instruments for the
administration of this Plan (collectively, "Plan Guidelines") as the Board or
such Committee, as the case may be, deems necessary or advisable. Such powers
include, but are not limited to (subject to the specific limitations described
herein), authority to determine the Employees and Consultants to be granted
Stock Options under this Plan, to determine the size, type, and applicable terms
and conditions of grants to be made to such Employees and Consultants, to
determine a time when Stock Options will be granted, and to authorize grants to
eligible Employees and Consultants.

      The Board's interpretations of this Plan and all Stock Option Agreements,
including the definitions of terms used herein and in Stock Option Agreements,
and all actions taken and determinations made by the Board concerning any matter
arising under or with respect to this Plan or any Stock Options granted pursuant
to this Plan, shall be final, binding, and conclusive on all interested parties,
including the Company, its shareholders, and all former, present, and future
Employees and Consultants of the Company. So long as the Company is not subject
to the reporting requirements of the Exchange Act, the Board may delegate some
or all of its power and authority hereunder to the duly elected officers of the
Company, such delegation to be subject to such terms and conditions as the Board
in its discretion shall determine. Such delegation of authority may be contained
in the Plan Guidelines. The Board may, as to questions of accounting, rely
conclusively upon any determinations made by independent public accountants of
the Company.

            2.4 ELIGIBILITY; FACTS TO BE CONSIDERED IN GRANTING STOCK OPTIONS

      The Board shall have the authority to determine the persons eligible to
receive a Stock Option, the time or times at which the Optioned Shares may be
purchased and whether all of the Stock Options may be exercised at one time or
in increments.

            2.5 RIGHTS OF OPTIONEE IN CHANGE OF CONTROL EVENTS--MERGER,
CONSOLIDATION, TENDER OFFER, TAKEOVER BID, SALE OF ASSETS--OR ON DISSOLUTION

      (a) In the event of a merger of the Company with or into another
corporation, or the sale of substantially all of the assets of the Company, each
outstanding Stock Option shall be assumed or an equivalent option or right
substituted by the successor corporation or a parent or subsidiary of the
successor corporation. The Board shall have the authority to provide in any
Stock Option Agreement that, notwithstanding anything in this Plan to the
contrary, in the event that the successor corporation or a parent or subsidiary
of the successor corporation does not agree to assume the Stock Option or grant
an equivalent option or substitute right, Optionee may purchase the full amount
of Optioned Shares for which Stock Options have been granted to the Optionee and
for which the Stock Options have not been exercised under the following
conditions:

            (1) The Optionee may conditionally purchase any or all Optioned
Shares during the period commencing twenty-seven (27) days and ending seven (7)
days prior to the scheduled effective date of a merger or consolidation (as such
effective date may be delayed from time to time) wherein the Company is not to
be the surviving corporation, which merger or consolidation is not between or
among the Company and other corporations related to or affiliated with the
Company;
<PAGE>
            (2) The Optionee may conditionally purchase any or all Optioned
Shares during the period commencing on the initial date of a tender offer or
takeover bid for the Shares (other than a tender offer by the Company) subject
to the Securities Exchange Act of 1934 and the rules promulgated thereunder and
ending on the day preceding the scheduled termination date of acceptance of
tenders of Shares by the offeror under any such tender offer or takeover bid (as
such termination date may be extended by such offeror);

            (3) The Optionee may conditionally purchase any or all Optioned
Shares during the period commencing the date the shareholders of the Company
approve a sale of substantially all the assets of the Company and ending seven
(7) days prior to the scheduled closing date of such sale (as such closing date
may be delayed from time to time); and

            (4) The Optionee may conditionally purchase any or all Optioned
Shares during the period commencing the date the shareholders of the Company
approve the dissolution of the Company and ending seven (7) days prior to the
date of filing its Articles of Dissolution.

      (b) If the merger, consolidation, tender offer, takeover bid, sale of
assets (collectively, a "Change of Control Event"), or dissolution, as the case
may be and as described in subsections (1) through (4) of Section 2.5(a), once
commenced, is canceled or revoked, the conditional purchase of Shares for which
the option to purchase would not have otherwise been exercisable at the time of
said cancellation or revocation, but for the operation of this Section 2.5,
shall be rescinded. With respect to all other Shares conditionally purchased,
the Optionee may rescind such purchase at Optionee's option.

      (c) If the Change of Control Event does occur or Articles of Dissolution
are filed, as the case may be and as described in subsections (1) through (4) of
Section 2.5(a), and the Optionee has not conditionally purchased all Optioned
Shares, all unexercised options shall terminate on the effective, termination,
closing, or filing date, as the case may be.

      (d) If the Company shall be the surviving corporation in any merger or is
a party to a merger or consolidation which is between or among the Company and
other corporations related to or affiliated with the Company, any Stock Option
granted hereunder shall pertain and apply to the securities to which a holder of
the number of Shares of common stock subject to the Stock Option would have been
entitled.

      (e) Nothing herein shall allow the Optionee to purchase Optioned Shares,
the options for which have expired.

            2.6 STOCK OPTION AGREEMENTS; TERMS AND EXPIRATION OF STOCK OPTIONS

      Each Stock Option granted under this Plan shall be pursuant to a written
Stock Option Agreement, shall be subject to such amendment or modification from
time to time as the Board shall deem necessary or appropriate to comply with or
take advantage of applicable laws or regulations and shall contain provisions as
to the following effect, together with such other provisions as the Board shall
from time to time approve:

      (a) that, subject to the provisions of Section 2.6(b) below, the Stock
Option, as to the whole or any part thereof, may be exercised only by the
Optionee or Optionee's personal representative;

      (b) that neither the whole nor any part of the Stock Option shall be
transferable by the Optionee or by operation of law other than by will of, or by
the laws of descent and distribution applicable to, a deceased Optionee and that
the Stock Option and any and all rights granted to the Optionee thereunder and
not theretofore effectively and completely exercised shall automatically
terminate and expire upon any sale, transfer, or hypothecation or any attempted
sale, transfer, or hypothecation of such rights or upon the bankruptcy or
insolvency of the Optionee or Optionee's estate;

      (c) that subject to the foregoing provisions, a Stock Option may be
exercised at different times for portions of the total number of Shares for
which the right to purchase shall have vested provided that such portions
<PAGE>
are in multiples of ten (10) shares if the Optionee holds vested Stock Options
for ninety-nine (99) or fewer shares and otherwise in multiples of one hundred
(100) shares;

      (d) that no Optionee shall have the right to receive any dividend on or to
vote or exercise any right in respect to any Shares unless and until the
certificates for such Shares have been issued to such Optionee;

      (e) that the Stock Option shall expire at the earliest of the following:

            (1) The date specified in the Stock Option Agreement;

            (2) With respect to Employees, ninety (90) days after voluntary or
involuntary termination of Optionee's employment other than termination as
described in Paragraphs (3) or (4) below;

            (3) With respect to Employees, immediately upon the discharge of
Optionee for misconduct, willfully or wantonly harmful to the Company;

            (4) With respect to Employees, twelve (12) months after Optionee's
death or disability; or

            (5) In the event of a Change of Control Event, or the filing of
Articles of Dissolution, as the case may be and as described in subsections (1)
through (4) of Section 2.5(a), on the date specified in Section 2.5(c). However,
if the Change of Control Event does not occur or if Articles of Dissolution are
not filed, as the case may be and as described in Subsections (1) through (4) of
Section 2.5(a), all Stock Options which are terminated pursuant to this
Subsection (e)(5) shall be reinstated as if no action with respect to any of
said events had been contemplated or taken by any party thereto and all
Optionees shall be returned to their respective positions on the date of
termination;

      (f) that, to the extent a Stock Option Agreement provides for the vesting
of the right to purchase in increments, such vesting shall cease as of the date
of the Optionee's death, disability, or voluntary or involuntary termination of
Optionee's employment with the Company;

      (g) that the terms of the Stock Option Agreement shall be a contract
between the Company and the Optionee; and the specific terms of any Stock Option
Agreement shall govern over the more general terms hereof; and

      (f) With respect to Employees, subject to the Plan Guidelines, the Stock
Option Agreement shall not be affected by any changes of duties or position so
long as the Optionee shall continue to be an Employee, and, subject to the terms
hereof.

            2.7 NOTICE OF INTENT TO EXERCISE STOCK OPTION

      The Optionee (or other person or persons, if any, entitled hereunder)
desiring to exercise a Stock Option as to all or part of the Shares covered
thereby shall in writing notify the Company at its principal office in the state
of Connecticut, specifying the number of Stock Option Shares to be purchased
and, if required by the Company, representing in form satisfactory to the
Company that the Shares are being purchased for investment and not with a view
to resale or distribution. The Company from time to time may issue or specify to
Optionees a written form for use in connection with any such exercise. With
respect to any Shares conditionally purchased pursuant to Section 2.5(a) above
and for which such purchase has not been voluntarily or otherwise rescinded
pursuant to Section 2.5(b), the Optionee shall be deemed to have given to the
Company the notice of exercise required by this Section 2.7 as of ten (10) days
prior to the closing or effective date of the Change of Control Event or the
filing of Articles of Dissolution, as the case may be and as described in
Subsections (1) through (4) of Section 2.5(a).

            2.8 METHOD OF EXERCISE OF STOCK OPTION

      Within ten (10) days after receipt by the Company of the notice provided
in Section 2.7, but not later than the expiration date specified in Section
2.5(e), the Stock Option shall be exercised as to the number of Shares specified
in the notice by payment by the Optionee to the Company of the amount specified
below in Section 3.2.
<PAGE>
Payment of such purchase price shall be made in cash, or in accordance with
procedures for a "cashless exercise" as the same may have been established from
time to time by the Company and the brokerage firm, if any, designated by the
Company to facilitate exercises of Stock Options and sales of shares under this
Plan. Payment in shares of the Company's common stock shall be deemed to be the
equivalent of payment in cash at the Fair Market Value of those shares. For
purposes of the preceding sentence, Fair Market Value shall be determined by the
Board in the same manner as utilized in determining the Fair Market Value at the
time other Stock Options are granted.

            2.9 RECAPITALIZATION

      The aggregate number of Shares for which Stock Options may be granted
hereunder, the number of Shares covered by each outstanding Stock Option, and
the price per Share thereof in each such Stock Option Agreement shall be
proportionately adjusted for an increase or decrease in the number of
outstanding shares of common stock of the Company resulting from a stock split
or reverse split of shares or any other capital adjustment or the payment of a
stock dividend or other increase or decrease in such shares effected without
receipt of consideration by the Company excluding any decrease resulting from a
redemption of shares by the Company. If the adjustment would result in a
fractional Share the Optionee shall be entitled to one (1) additional Share,
provided that the total number of Shares to be granted under this Plan shall not
be increased above the equivalent number of Shares initially allocated or later
increased by approved amendment to this Plan.

            2.10 SUBSTITUTIONS AND ASSUMPTIONS

      The Board shall have the right to substitute, replace, or assume options
in connection with mergers, reorganizations, separations, or other "corporate
transactions" as that term is defined in and said substitutions and assumptions
are permitted by Section 425 of the Code and the regulations promulgated
thereunder. The number of Shares reserved pursuant to Section 2.2 may be
increased by the corresponding number of options assumed and, in the case of a
substitution, by the net increase in the number of Shares subject to options
before and after the substitution.

            2.11 TERMINAL DATE OF PLAN

      This Plan shall not extend beyond a date ten (10) years from the date of
adoption hereof by the Board, provided that any Stock Option to purchase shares
duly granted hereunder prior to such date shall be exercisable pursuant to its
terms and the terms hereof until expiration or earlier termination of such Stock
Option.

            2.12 GRANTING OF STOCK OPTIONS

      The granting of any Stock Option pursuant to this Plan shall be entirely
in the discretion of the Board and nothing herein contained shall be construed
to give any Employee any right to participate under this Plan or to receive any
Stock Option under it.

      The granting of a Stock Option pursuant to this Plan shall not constitute
any agreement or an understanding, express or implied on the part of the Company
or a Subsidiary to employ the Optionee for any specified period.

            2.13 WITHDRAWAL

      An Optionee may at any time elect in writing to abandon a Stock Option
with respect to the number of Shares as to which the Stock Option shall not have
been exercised.

            2.14 GOVERNMENT REGULATIONS
<PAGE>
      This Plan and the granting and exercise of any Stock Option hereunder and
the obligations of the Company to sell and deliver Shares under any such Stock
Option shall be subject to all applicable laws, rules, and regulations and to
such approvals by any governmental agencies as may be required.

            2.15 PROCEEDS FROM SALE OF STOCK

      Proceeds of the purchase of Optioned Shares by an Optionee shall be used
for the general business purposes of the Company.

            2.16 SHAREHOLDER APPROVAL

      This Plan shall be submitted to the shareholders for their approval within
twelve (12) months from the date hereof. The Company may grant Stock Options
prior to such approval which shall be conditioned upon subsequent shareholder
approval.

            2.17 COMPLIANCE WITH SECURITIES LAWS

      The Board shall have the right to:

      (a) require an Optionee to execute, as a condition of exercise of a Stock
Option, a letter evidencing Optionee's intent to acquire the Shares for
investment and not with a view to the resale or distribution thereof;

      (b) place appropriate legends upon the certificate or certificates for the
Shares; and

      (c) take such other acts as it deems necessary in order to cause the
issuance of Optioned Shares to comply with applicable provisions of state and
federal securities laws.

      In furtherance of the foregoing, and not by way of limitation thereof, no
Stock Option shall be exercisable unless such Stock Option and the Shares to be
issued pursuant thereto shall be registered under appropriate federal and state
securities laws, or shall be exempt therefrom, in the opinion of the Board upon
advice of counsel to the Company. Each Stock Option Agreement shall contain
adequate provisions to assure that there will be no violation of such laws. This
provision shall in no way obligate the Company to undertake registration of
Stock Options or Shares hereunder. Issue, transfer or delivery of certificates
for Shares pursuant to the exercise of Stock Options may be delayed, at the
discretion of the Board until the Board is satisfied that the applicable
requirements of the federal and state securities laws have been met.

      The dollar value and number of Stock Options granted under this Plan are
limited pursuant to Rule 701 promulgated by the Securities and Exchange
Commission which provides an exemption from the registration requirements under
the Act. Any guidelines adopted pursuant to this Plan shall contain the current
limitations specified in said Rule 701 until the Company is registered under the
Act.

      3. PROVISIONS APPLICABLE SOLELY TO NONQUALIFIED STOCK OPTIONS

      In addition to the provisions of Section 2 above, the following paragraphs
shall apply to any Stock Options granted under this Plan which are not Incentive
Stock Options.

            3.1 OPTION PRICE

      The option, or purchase, price of each Share optioned as a Nonqualified
Stock Option under this Plan shall be determined by the Board and set forth in
the Stock Option Agreement.

            3.2 METHOD OF EXERCISE OF STOCK OPTION

      The amount to be paid by the Optionee upon exercise of a Nonqualified
Option shall be the exercise price provided for in the Stock Option Agreement,
together with the amount of federal, state, and local income and FICA
<PAGE>
taxes required to be withheld by the Company. An Optionee may elect to pay
Optionee's federal, state, or local income and FICA withholding tax by having
the Company withhold shares of Company common stock having a value equal to the
amount required to be withheld. The value of the shares to be withheld is deemed
to equal the fair market value of the shares on the day the option is exercised.
An election by an Optionee to have shares withheld for this purpose will be
subject to the following restrictions:

      (a) If an Optionee has received multiple Stock Option grants, a separate
election must be made for each grant;

      (b) The election must be made prior to the day the Stock Option is
exercised;

      (c) The election will be irrevocable;

      (d) The election will be subject to the disapproval of the Board;

      (e) If the Optionee is an "officer" of the Company within the meaning of
Section 16 of the Exchange Act ("Section 16") as defined in Rule 16a-1
promulgated by the Securities Exchange Commission, the election may not be made
within six (6) months following the grant of the Stock Option; and

      (f) If the Optionee is an "officer" of the Company within the meaning of
Section 16 as so defined, the election must be made either six (6) months prior
to the day the Stock Option is exercised or during the period beginning on the
third business day following the date of release of the Company's quarterly or
annual summary statement of sales and earnings and ending on the twelfth
business day following such date.

      3.3 ASSIGNMENT

      The Company may allow limited assignment rights for the gifting by
Optionee of rights hereunder to vested Nonqualified Stock Options, on terms to
be determined by the Board from time to time.

      4. PROVISIONS APPLICABLE SOLELY TO INCENTIVE STOCK OPTIONS

      In addition to the provisions of Section 2 above, the following paragraphs
shall apply to any Stock Options granted under this Plan which are Incentive
Stock Options.

            4.1 CONFORMANCE WITH INTERNAL REVENUE CODE

      Stock Options granted under this Plan which are "Incentive Stock Options"
shall conform to, be governed by, and be interpreted in accordance with Section
422 of the Code and any regulations promulgated thereunder and amendments to the
Code and Regulations. Only Employees may be granted Incentive Stock Options
hereunder--Consultants may not receive Incentive Stock Options hereunder.

            4.2 OPTION PRICE

      The option, or purchase, price of each Share optioned as an Incentive
Stock Option under this Plan shall be determined by the Board at the time of the
action for the granting of the Stock Option and set forth in the Stock Option
Agreement, but shall not, in any event, be less than the fair market value of
the Company's common stock on the date of grant.

            4.3 LIMITATION ON AMOUNT OF INCENTIVE STOCK OPTION

      The aggregate fair market value of the Optioned Shares, as determined on
the date of grant, vesting in any one calendar year with respect to which an
Employee has the right to purchase (under this Plan or any other plan of the
Company which authorizes Incentive Stock Options) shall not exceed $100,000; and
to the extent any Stock Option purporting to be an Incentive Stock Option grants
an Employee the right to purchase Optioned Shares with an
<PAGE>
aggregate fair market value vesting in any one calendar year in excess of
$100,000, as so determined (under this Plan or any other plan of the Company
which authorizes Incentive Stock Options), shall be deemed a Nonqualified Stock
Option for such excess amount.

            4.4 LIMITATION ON GRANTS TO SUBSTANTIAL SHAREHOLDERS

      It is the Company's intent that in the case of any Employee who,
immediately prior to the grant of a Stock Option hereunder, owns stock in the
Company representing more than ten percent (10%) of the voting power of all
classes of stock of the Company, will not be granted Incentive Stock Options
unless the per share option price specified by the Board for the Incentive Stock
Options granted such an Employee is at least one hundred ten percent (110%) of
the fair market value of the Company's stock on the date of grant and such Stock
Option, by its terms, is not exercisable after the expiration of five (5) years
from the date such Stock Option is granted. Any Stock Option that by its terms
purports to be an Incentive Stock Option that is issued to an Employee who owns
stock in the Company representing more than ten percent (10%) of the voting
power of all classes of stock of the Company that does not have an exercise
price of at least one hundred ten percent (110%) of the fair market value of the
Company's stock on the date of grant or that is, by its terms, exercisable after
the expiration of five (5) years from the date such Stock Option is granted,
shall be deemed a Nonqualified Stock Option.

            4.5 METHOD OF EXERCISE OF STOCK OPTION

      The amount to be paid by the Optionee upon exercise of an Incentive Stock
Option shall be the purchase price per share provided for in the Stock Option
Agreement.

      5. RELOAD OPTIONS

      In accordance with the procedures described below, the Company may,
concurrently with the grant of any Stock Options, grant reload rights ("Reload
Options") for the purchase, at the time of the exercise of any Stock Option, of
a number of shares equal to the number of shares purchased by such exercise. The
number of Reload Options shall equal:

      (i)   the number of shares of Common Stock used to exercise the underlying
            Incentive Stock Options or Nonqualified Stock Options, and

      (ii)  to the extent authorized by the Committee, the number of shares of
            Common Stock used to satisfy any tax withholding requirement
            incident to the exercise of the underlying Incentive Stock Options
            or Nonqualified Stock Options. The grant of a Reload Option will
            become effective upon the exercise of underlying Incentive Stock
            Options, Nonqualified Stock Options, or Reload Options through the
            use of shares of Common Stock held by the Optionee for at least
            twelve (12) months. Notwithstanding the fact that the underlying
            Stock Option may be an Incentive Stock Option, a Reload Option is to
            be treated as Nonqualified Stock Option, and is not intended to
            qualify as an "incentive stock option" under Section 422 of the
            Internal Revenue Code of 1986.

            5.1 RELOAD OPTION AMENDMENT

      Each Incentive Stock Option Agreement and Nonqualified Stock Option
Agreement shall state whether the Committee has authorized Reload Options with
respect to such Stock Options. Upon the exercise of an underlying Incentive
Stock Option, Nonqualified Stock Option, or other Reload Option, the Reload
Option, if granted, will be evidenced by an amendment to the underlying Stock
Option Agreement.

            5.2 RELOAD OPTION PRICE

      The option price per share of Common Stock deliverable upon the exercise
of a Reload Option shall be the fair market value of a share of Common Stock on
the date the grant of the Reload Option becomes effective.

            5.3 TERM AND EXERCISE.
<PAGE>
      Each Reload Option is fully exercisable beginning six (6) months from the
effective date of grant. The term of each Reload Option shall be equal to the
remaining Stock Option term set forth in the Stock Option Agreement.

            5.4 TERMINATION OF EMPLOYMENT

      No additional Reload Options shall be granted to an Optionee when Stock
Options, Incentive Stock Options and/or Reload Options are exercised pursuant to
the terms of this Plan following termination of such Optionee's employment.

            5.5 APPLICABILITY OF STOCK OPTION SECTIONS

      All terms of this Plan, except Section 4 and this Section 5, shall apply
to granted Reload Options, and for all purposes Reload Options shall be treated
as Nonqualified Stock Options.

      6. AMENDMENT

      This Plan, the Plan Guidelines, and all rules and regulations adopted in
respect hereof may be terminated, suspended, or amended at any time by a
majority vote of the Board, provided that no such action shall adversely affect
any material rights of Optionees granted under this Plan prior to such action.
The Board may amend the terms and conditions of outstanding Stock Options,
provided, however, that (i) no such amendment would be adverse to the holders of
such Stock Options, (ii) no such amendment shall extend the period for exercise
of a Stock Option, and (iii) the amended terms of a Stock Option would be
permitted under this Plan.

      7. FOREIGN EMPLOYEES

      Without amending this Plan, the Board may grant Stock Options to eligible
Employees who are foreign nationals on such terms and conditions different from
those specified in this Plan as may in the judgment of the Board be necessary or
desirable to foster and promote achievement of the purposes of this Plan, and,
in furtherance of such purposes the Board may make such modifications,
amendments, procedures, subplans, and the like as may be necessary or advisable
to comply with the provisions of the laws in other countries in which the
Company operates or has Employees.

      8. REGISTRATION, LISTING, AND QUALIFICATION OF SHARES

      Each Stock Option shall be subject to the requirement that if at any time
the Board shall determine that the registration, listing, or qualification of
the shares covered thereby upon any securities exchange or under any foreign,
federal, state, or local law, or the consent or approval of any governmental
regulatory body, is necessary or desirable as a condition of, or in connection
with, the granting of such Stock Option or the purchase of shares thereunder, no
such Stock Option may be exercised unless and until such registration, listing,
qualification, consent, or approval shall have been effected or obtained free of
any condition not acceptable to the Board. Any person exercising a Stock Option
shall make such representations and agreements and furnish such information as
the Board may request to assure compliance with the foregoing or any other
applicable legal requirements.

      9. NO RIGHTS TO STOCK OPTIONS OR EMPLOYMENT; NO RESTRICTIONS; NO DAMAGES

      No Employee or other person shall have any claim or right to be granted a
Stock Option under this Plan. Having received a Stock Option under this Plan
shall not give an Employee any right to receive any other grant or Stock Option
under this Plan. Optionee agrees that continuation of the engagement of each
Employee or Consultant of the Company is, in the absence of any written and
signed contract to the contrary, terminable at the will of the Company. An
Optionee shall have no rights to or interest in any Stock Option except as set
forth herein. Neither this Plan nor any action taken hereunder shall be
construed as giving any Employee any right to be retained in the employ of the
Company. Neither this Plan nor any action taken hereunder shall be construed as
giving any
<PAGE>
Consultant any right to be retained or engaged by the Company. Nothing in this
Plan shall restrict the Company's rights to adopt other option plans pertaining
to any or all of the Employees or Consultants covered under this Plan or other
Employees or Consultants not covered under this Plan. Unless otherwise
specifically provided by the Board, each Optionee shall be required to
specifically acknowledge and agree that their engagement by the Company as
Employee or Consultant is at will, is not for any fixed or minimum time period,
is subject to the mutual consent of the Company and the Optionee, and may be
terminated at any time, with or without cause or notice, for any reason or no
reason, and without any kind of pre- or post-termination warning, discipline or
procedure.

      Each Stock Option granted hereunder may be affected, with regard to both
vesting schedule and termination, by leaves of absence, a reduction in the
number of hours worked, partial disability, and other changes in Optionee's
Employee or Consultant status, as the case may be. The Company's policies in
such matters shall be contained in the Plan Guidelines adopted by the Board. The
Plan Guidelines and the guidelines, rules, policies and regulations contained
therein may be amended at any time and from time to time by the Board or the
Committee, in its sole discretion and with or without notice. Optionee's rights
hereunder or under any Stock Option granted hereunder at any time shall be
governed by the Plan Guidelines in effect at the time of any change in
Optionee's employment status as contemplated above.

      Each Optionee must acknowledge and agree that, regardless of whether
Optionee's engagement as an employment or Consultant is terminated with or
without cause or notice, or with or without any kind of pre- or post-termination
warning, discipline or procedure, that Optionee has no right to, will not bring,
and specifically waives any legal claim or action against the Company or any
officer, Employee, or director thereof for any damages or losses arising from
having to exercise any vested portion of any Stock Option during any defined
period after termination or any cancellation of any unvested portion of any
Stock Option, or of any vested by unexercised portion of any Stock Option.

      10. COSTS AND EXPENSES

      Except as provided herein with respect to the payment of taxes, all costs
and expenses of administering this Plan shall be borne by the Company and shall
not be charged to any grant or any Employee receiving a grant.

      11. PLAN UNFUNDED

      This Plan shall be unfunded. Except for the Board's reservation of a
sufficient number of authorized shares to the extent required by law to meet the
requirements of this Plan, the Company shall not be required to establish any
special or separate fund or to make any other segregation of assets to assure
payment of any grant under this Plan.

      12. GOVERNING LAW

      This Plan shall be governed by and construed in accordance with the laws
of the state of Delaware.

      13. SEVERABILITY

      If, for any reason, any provision of this Plan is not fully enforceable in
accordance with its terms, the remainder of the Plan shall nevertheless be
enforceable to the extent permitted by law.

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