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                                                                    Exhibit 10.3

                                     FORM OF
                              EMPLOYMENT AGREEMENT

         THIS AGREEMENT, effective as of _____________, is made between Wright
Medical Group, Inc., a Delaware corporation (the "Company"), and _____________
(the "Employee").

      1. EMPLOYMENT. The Company hereby employs the Employee and the Employee
hereby accepts employment all upon the terms and conditions herein set forth.

      2. DUTIES. The Employee is engaged as the _____________ of the Company and
hereby promises to perform and discharge well and faithfully the duties which
may be assigned to him from time to time by the Board of Directors of the
Company (the "Board") in connection with the conduct of the Company's business.

      3. EXTENT OF SERVICES. The Employee shall devote his entire time,
attention and energies to the business of the Company and shall not, during the
term of this Agreement, be engaged in any other business activity, regardless of
whether such business activity is pursued for gain, profit or other pecuniary
advantage; but this shall not be construed as preventing the Employee from
investing his personal assets in businesses which do not compete with the
Company in such form or manner as will not require any services on the part of
the Employee in the operation of the affairs of the companies in which such
investments are made and in which his participation is solely that of an
investor, and except that the Employee may purchase securities in any
corporation whose securities are regularly traded on NASDAQ, a national or
regional stock exchange or in the over-the-counter market provided that such
purchase shall not result in his collectively owning beneficially at any time
one percent (1%) or more of the equity securities of any corporation engaged in
a business competitive to that of the Company. Nothing in this paragraph 3 shall
prevent the Employee from serving on the Board of Directors of any other
company, so long as the Board shall approve each position so held by the
Employee.

      4. COMPENSATION MATTERS.

            (a) BASE SALARY. For services rendered under this Agreement, the
Company shall pay the Employee an aggregate salary of $______ per annum (the
"Base Salary"), payable (after deduction of applicable payroll taxes) in
accordance with the customary payroll practices of the Company, as may exist
from time to time.

            (b) ANNUAL BONUS. During Employee's employment hereunder, in
addition to Salary, the Employee shall be eligible to receive an annual
performance bonus (the "Bonus") with a target of ___% of Base Salary for each
calendar year during Employee's employment; provided that, except as otherwise
provided in this Agreement, the Employee must be employed on the last day of
such calendar year in order to receive the Bonus attributable thereto. The
Employee's entitlement to the Bonus for any particular calendar year shall be
based on the attainment of performance objectives established by the
Compensation Committee of the Company (the "Committee") and communicated to the
Employee in writing at the beginning of each calendar year. The Committee shall
determine the Employee's entitlement to the Bonus, based on the achievement of
the performance objectives for such year, as determined by the Committee and
communicated to the Employee, in good faith within sixty (60) days after the end
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of each such calendar year, which shall be paid by the Company no later than ten
days following such determination. The Employee shall also be eligible for and
participate in such fringe benefits as shall be generally provided to executives
of the Company, including medical insurance and retirement programs which may be
adopted from time to time during the term hereof by the Company. The Employee
shall be responsible for making any generally applicable employee contributions
required under such fringe benefit programs.

            (c) INITIAL OPTION GRANT. On the effective date of this Agreement,
the Company will grant the Employee options to purchase a number of shares of
the Company's common stock under the Company's 1999 Equity Incentive Plan (the
"Stock Option Plan") equal to ___% (fully diluted) of the then outstanding
shares of the Company's common stock (the "Target Number"), at a price per share
equal to the fair market value of such share on the date of grant as determined
by the Company's Board of Directors in accordance with the terms of the Stock
Option Plan, such options to terminate on the _____ anniversary of the effective
date hereof and to vest as to ___% of the options on and after the first
anniversary of the effective date hereof, an additional ___% of the options on
and after the second anniversary of the effective date hereof, an additional
___% of the options on and after the third anniversary of the effective date
hereof and an additional ___% of the options on and after the fourth anniversary
of the effective date hereof. Such options will be evidenced by a stock option
agreement to be entered into by the Company and the Employee substantially in
the form attached hereto as Exhibit A.

            (d) FUTURE OPTION INCENTIVE GRANTS. In addition to the options
granted pursuant to paragraph 4(c) above, during the term of this Agreement, the
Employee shall be eligible for participation in the Stock Option Plan and any
other stock option plan administered by the Compensation Committee of the Board
of Directors. In addition to the options granted pursuant to paragraph 4(c)
above, the Company will grant to the Employee during the term of this Agreement
options to purchase an additional number of shares of the Company's common stock
equal to the Target Number at such times and in such amounts and with such terms
as Employee and the Compensation Committee of the Board of Directors shall agree
upon. The Company and Employee agree to negotiate in good faith to reach an
agreement on or before _____________ as to the terms of the additional options
to be granted pursuant to this paragraph 4(d). Any such options granted pursuant
to this paragraph 4(d) will terminate on the tenth anniversary of the date of
grant, will vest in equal installments on each of the first four anniversaries
of the date of grant and will be evidenced by a stock option agreement to be
entered into by the Company and the Employee.

            (e) The options granted pursuant to paragraphs 4(c) and 4(d) above
shall be collectively referred to herein as the "New Options."

            (f) The Committee shall review the Employee's compensation at least
once per year and award such bonuses or make such increases to the Base Salary
as the Committee, in its sole discretion, determines are merited, based upon the
Employee's performance and consistent with compensation policies of the Company.

      5. SICK LEAVE AND VACATION. During the term of this Agreement, the
Employee shall be entitled to annual vacation of at least ______ (___) weeks, or
such greater time period if

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permitted by Company policy, to be taken at his discretion, in a manner
consistent with his obligations to the Company under this Agreement. The actual
dates of such vacation periods shall be agreed upon by mutual discussions
between the Company and Employee; provided, however, that the Company shall have
the ultimate decision with respect to the actual vacation dates to be taken by
Employee, which decision shall not be unreasonable. The Employee shall also be
entitled to sick leave consistent with Company policy.

      6. EXPENSES; RELOCATION. During the term of this Agreement, the Company
shall reimburse the Employee for all reasonable out-of-pocket expenses incurred
by the Employee in connection with the business of the Company and in
performance of his duties under this Agreement upon the Employee's presentation
to the Company of an itemized accounting of such expenses with reasonable
supporting data.

      7. TERM.

            (a) The Employee's employment under this Agreement shall commence on
effective date first set forth above and shall expire on the third anniversary
of such date. Notwithstanding the foregoing, the Company may at its election,
subject to paragraph 7(b) below, terminate the obligations of the Company under
this Agreement as follows:

                  (i) Upon 30 days' notice if the Employee becomes physically or
mentally incapacitated or is injured so that he is unable to perform the
services required of him hereunder and such inability to perform continues for a
period in excess of six months and is continuing at the time of such notice; or

                  (ii) For "Cause" upon notice of such termination to the
Employee. For purposes of this Agreement, the Company shall have "Cause" to
terminate its obligations hereunder upon (A) the determination by the Board that
the Employee has ceased to perform his duties hereunder (other than as a result
of his incapacity due to physical or mental illness or injury), which failure
amounts to an intentional and extended neglect of his duties hereunder, (B) the
Employee's death, (C) the Board's determination that the Employee has engaged or
is about to engage in conduct materially injurious to the Company, (D) the
Employee's having been convicted of a felony, or (E) the Employee's
participation in activities proscribed by the provisions of paragraphs 9 or 10
hereof or material breach of any of the other covenants herein; or

                  (iii) Without Cause upon 30 days' notice of such termination
to the Employee.

            (b) (i) If this Agreement is terminated pursuant to paragraph
7(a)(i) above, the Employee shall receive salary continuation pay from the date
of such termination until the third anniversary of the date hereof at the rate
of 100% of the Base Salary, reduced by applicable payroll taxes and further
reduced by the amount received by the Employee during such period under any
Company-maintained disability insurance policy or plan or under Social Security
or similar laws. Such salary continuation payments shall be paid periodically to
the Employee as provided in paragraph 4(a) for the payment of the Base Salary.

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                  (ii) If this Agreement is terminated pursuant to paragraph
7(a)(ii) above, the Employee shall receive no salary continuation pay or
severance pay.

                  (iii) If this Agreement is terminated pursuant to paragraph
7(a)(iii) above, the Employee shall receive salary continuation pay for a period
of ______ (___) months from and after the date of such termination (the "Salary
Continuation Period") equal to the Base Salary. Such salary continuation
payments (less applicable payroll taxes) shall be paid periodically to the
Employee as provided in paragraph 4(a) for the payment of the Base Salary.
During the Salary Continuation Period, the Employee shall also be eligible to
receive continued coverage under all of the Company's current health benefit and
life insurance programs at the same rates that were applicable to the Employee
prior to the commencement of the Salary Continuation Period. At the commencement
of the Salary Continuation Period, all of the Employee's unexercised New Options
shall automatically vest and be fully exercisable and the Employee shall have
______ (___) months from such date to exercise all unexercised New Options. This
provision will not affect the terms of any options granted to the Employee after
the date of this Agreement.

            (c) During the Salary Continuation Period, the Employee shall be
under no obligation to mitigate the costs to any of the Company of the salary
continuation payments.

            (d) Not later than ninety (90) days prior to the expiration of the
stated term of the Agreement, the parties shall begin to negotiate in good faith
the terms of any extension of this Agreement, provided that no party shall be
under any obligation to enter into such an extension.

      8. REPRESENTATIONS. The Employee hereby represents to the Company that (a)
he is legally entitled to enter into this Agreement and to perform the services
contemplated herein, and (b) he has the full right, power and authority, subject
to no rights of third parties, to grant to the Company the rights contemplated
by paragraph 10 hereof.

      9. DISCLOSURE OF INFORMATION. The Employee recognizes and acknowledges
that the Company's and its predecessors' trade secrets, know-how and proprietary
processes as they may exist from time to time are valuable, special and unique
assets of the Company's businesses, access to and knowledge of which are
essential to the performance of the Employee's duties hereunder. The Employee
will not, during or after the term of his employment by any of the Company, in
whole or in part, disclose such secrets, know-how or processes to any person,
firm, corporation, association or other entity for any reason or purpose
whatsoever, nor shall the Employee make use of any such property for his own
purposes or for the benefit of any person, firm, corporation or other entity
(except the Company) under any circumstances during or after the term of his
employment, provided that after the term of his employment these restrictions
shall not apply to such secrets, know-how and processes which are then in the
public domain (provided further that the Employee was not responsible, directly
or indirectly, for such secrets, know-how or processes entering the public
domain without the Company's consent).

      10. INVENTIONS. The Employee hereby sells, transfers and assigns to the
Company or to any person, or entity designated by the Company all of the entire
right, title and interest of the Employee in and to all inventions, ideas,
disclosures and improvements, whether patented or

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unpatented, and copyrightable material, made or conceived by the Employee,
solely or jointly, during the term hereof which relate to methods, apparatus,
designs, products, processes or devices, sold, leased, used or under
consideration or development by the Company or any of its predecessors, or which
otherwise relate to or pertain to the business, functions or operations of the
Company or any of its predecessors or which arise from the efforts of the
Employee during the course of his employment for the Company or any of its
predecessors. The Employee shall communicate promptly and disclose to the
Company, in such form as the Company requests, all information, details and data
pertaining to the aforementioned inventions, ideas, disclosures and
improvements; and the Employee shall execute and deliver to the Company such
formal transfers and assignments and such other papers and documents as may be
necessary or required of the Employee to permit the Company or any person or
entity designated by the Company to file and prosecute the patent applications
and, as to copyrightable material, to obtain copyright thereof. Any invention
relating to the business of the Company and disclosed by the Employee within one
year following the termination of this Agreement shall be deemed to fall within
the provisions of this paragraph unless proved to have been first conceived and
made following such termination.

      11. COVENANTS NOT TO COMPETE OR INTERFERE. For a period ending ______
(___) months from and after the termination of the Employee's employment
hereunder, the Employee shall not (whether as an officer, director, owner,
employee, partner or other direct or indirect participant) engage in any
Competitive Business. "Competitive Business" shall mean the manufacturing,
supplying, producing, selling, distributing or providing for sale of any
orthopaedic product, device or instrument manufactured or sold by the Company or
its subsidiaries or in clinical development sponsored by the Company or its
subsidiaries, in each case, as of the date of termination of the Employee's
employment. For such period, the Employee shall also not interfere with, disrupt
or attempt to disrupt the relationship, contractual or otherwise, between the
Company or its subsidiaries and any customer, supplier, lessor, lessee or
employee of the Company or its subsidiaries. It is the intent of the parties
that the agreement set forth in this paragraph 11 apply in all parts of the
world.

      Employee agrees that a monetary remedy for a breach of the agreement set
forth in this paragraph 11 will be inadequate and impracticable and further
agrees that such a breach would cause the Company irreparable harm, and that the
Company shall be entitled to temporary and permanent injunctive relief without
the necessity of proving actual damages. In the event of such a breach, Employee
agrees that the Company shall be entitled to such injunctive relief, including
temporary restraining orders, preliminary injunctions and permanent injunctions
as a court of competent jurisdiction shall determine.

      It is the desire and intent of the parties that the provisions of this
paragraph 11 shall be enforced to the fullest extent permissible under the laws
and public policies applied in each jurisdiction in which enforcement is sought.
Accordingly, if any particular portion of this paragraph 11 shall be adjudicated
to be invalid or unenforceable, this paragraph 11 shall be deemed curtailed,
whether as to time or location, to the minimum extent required for its validity
under the applicable law and shall be binding and enforceable with respect to
the Employee as so curtailed, such curtailment to apply only with respect to the
operation of this paragraph in the particular jurisdiction in which such
adjudication is made. If a court in any jurisdiction, in adjudicating the
validity of this paragraph 11, imposes any additional terms or restrictions with

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respect to the agreement set forth in this paragraph 11, this paragraph 11 shall
be deemed amended to incorporate such additional terms or restrictions.

      12. INJUNCTIVE RELIEF. If there is a breach or threatened breach of the
provisions of paragraphs 9, 10 or 11 of this Agreement, the Company shall be
entitled to an injunction restraining the Employee from such breach. Nothing
herein shall be construed as prohibiting the Company from pursuing any other
remedies for such breach or threatened breach.

      13. CHANGE OF CONTROL. Upon the occurrence of a Change of Control (as
defined below), all of the unexercised New Options shall automatically vest and
be fully exercisable and shall remain so exercisable in accordance with the
respective terms of such options. This provision shall apply without regard to
whether the Stock Option Plan or the Stockholders Agreement specifically
provides for accelerated vesting upon a Change in Control. For purposes of this
Agreement, "Change of Control" shall mean the first occurrence after the
effective date hereof of :

            (i) The acquisition by any individual, entity or group (within the
meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934,
as amended (the "Exchange Act")) (a "Person") of beneficial ownership (within
the meaning of Rule 13d-3 promulgated under the Exchange Act) of 50% or more (on
a fully diluted basis) of either (A) the then outstanding shares of common stock
of the Company, taking into account as outstanding for this purpose such common
stock issuable upon the exercise of options or warrants, the conversion of
convertible stock or debt, and the exercise of any similar right to acquire such
common stock (the "Outstanding Company Common Stock") or (B) the combined voting
power of the then outstanding voting securities of the Company entitled to vote
generally in the election of directors (the "Outstanding Company Voting
Securities"); provided, however, that for purposes of this subsection (i), the
following acquisitions shall not constitute a Change of Control: (w) any
acquisition pursuant to an initial public offering of shares of common stock of
the Company pursuant to a registration statement declared effective under the
Securities Act of 1933, as amended, (x) any acquisition by the Company or any
"affiliate" of the Company, within the meaning of 17 C.F.R. ss. 230.405 (an
"Affiliate"), (y) any acquisition by any employee benefit plan (or related
trust) sponsored or maintained by the Company or any Affiliate of the Company,
(z) any acquisition by any corporation or business entity pursuant to a
transaction which complies with clauses (A), (B), (C) and (D) of subsection (ii)
of this Section 13 (persons and entities described in clauses (w), (x), (y) and
(z) being referred to herein as "Permitted Holders"); or

            (ii) The consummation of a reorganization, merger or consolidation
or sale or other disposition of all or substantially all of the assets of the
Company (a "Business Combination"), in each case, unless, following such
Business Combination, (A) all or substantially all of the individuals and
entities who were the beneficial owners, respectively, of the Outstanding
Company Common Stock and Outstanding Company Voting Securities immediately prior
to such Business Combination beneficially own, directly or indirectly, more than
60% of, respectively, the then outstanding shares of common stock and the
combined voting power of the then outstanding voting securities entitled to vote
generally in the election of directors, as the case may be, of the corporation
resulting from such Business Combination (including, without limitation, a
corporation which as a result of such transaction owns the

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Company or all or substantially all of the Company's assets either directly or
through one or more subsidiaries) in substantially the same proportions as their
ownership, immediately prior to such Business Combination of the Outstanding
Company Common Stock and Outstanding Company Voting Securities, as the case may
be, and (B) no Person (excluding any Permitted Holder) beneficially owns,
directly or indirectly, 50% or more (on a fully diluted basis) of, respectively,
the then outstanding shares of common stock of the corporation resulting from
such Business Combination, taking into account as outstanding for this purpose
such common stock issuable upon the exercise of options or warrants, the
conversion of convertible stock or debt, and the exercise of any similar right
to acquire such common stock, or the combined voting power of the then
outstanding voting securities of such corporation except to the extent that such
ownership existed prior to the Business Combination, (C) at least a majority of
the members of the board of directors of the corporation resulting from such
Business Combination were members of the incumbent Board of Directors of the
Company at the time of the execution of the initial agreement providing for such
Business Combination and (D) the Employee is the Chief Executive Officer of the
new entity resulting from the Business Combination; or

            (iii) Approval by the shareholders of the Company of a complete
liquidation or dissolution of the Company; or

            (iv) The sale of at least 80% of the assets of the Company to an
unrelated party, or completion of a transaction having a similar effect; or

            (v) The individuals who on the date of this Agreement constitute the
Board thereafter cease to constitute at least a majority thereof; provided that
any person becoming a member of the Board subsequent to the date of this
Agreement and whose election or nomination was approved by a vote of at least
two-thirds of the directors who then comprised the Board immediately prior to
such vote shall be considered a member of the Board on the date of this
Agreement.

      14. INSURANCE. The Company may, at its election and for its benefit,
insure the Employee against accidental loss or death, and the Employee shall
submit to such physical examination and supply such information as may be
required in connection therewith.

      15. NOTICES. Any notice required or permitted to be given under this
Agreement shall be sufficient if in writing and if sent by registered mail to
_________________________________, in the case of the Employee, or to Wright
Medical Group, Inc., 5677 Airline Road, Arlington TN 38002, in the case of the
Company, or to such other address as the as either party shall notify the other.

      16. WAIVER OF BREACH. A waiver by the Company or Employee of a breach of
any provision of this Agreement by the other party shall not operate or be
construed as a waiver of any subsequent breach by the other party.

      17. GOVERNING LAW. This Agreement shall be governed by and construed and
enforced in accordance with the laws of the State of Delaware, without reference
to the conflicts of laws principles therein.

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      18. ASSIGNMENT. This Agreement may be assigned, without the consent of the
Employee, by the Company to any person, partnership, corporation, or other
entity which has purchased substantially all the assets of such Company,
provided such assignee assumes all the liabilities of such Company hereunder.

      19. ENTIRE AGREEMENT. This instrument and the Option Agreement entered
into pursuant to Section 4(e) hereunder contains the entire agreement of the
parties with respect to the subject matter referred to herein and supersedes any
and all agreements, letters of intent or understandings between the Employee and
the Company, its subsidiaries or any of the Company's principal shareholders
with respect thereto. These Agreements may be changed only by an agreement or
agreements in writing signed by a party against whom enforcement of any waiver,
change, modification, extension or discharge is sought.

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      IN WITNESS WHEREOF, the parties have executed this Agreement on the dates
set forth below.

                                        WRIGHT MEDICAL GROUP, INC.

                                        By:
                                           -------------------------------------
                                           Name:
                                           Title:
                                           Date:

                                        EMPLOYEE

                                        By:
                                           -------------------------------------
                                           Name:
                                           Title:
                                           Date:

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                                                                    Exhibit 10.4

                                                                  EXECUTION COPY

                        WRIGHT ACQUISITION HOLDINGS, INC.
                           1999 EQUITY INCENTIVE PLAN

1.    PURPOSE

      The purpose of the Plan is to provide a means through which the Company
may attract able persons to become and remain directors of the Company or any
Related Entity and enter and remain in the employ of the Company or any Related
Entity and to provide a means whereby employees, directors and consultants of
the Company and any Related Entity can acquire and maintain Stock ownership, or
be paid incentive compensation measured by reference to the value of Stock,
thereby strengthening their commitment to the welfare of the Company and
promoting an identity of interest between stockholders and these employees,
directors and consultants.

      So that the appropriate incentive can be provided, the Plan provides for
granting Incentive Stock Options, Nonqualified Stock Options, Stock Appreciation
Rights, Restricted Stock Awards, Phantom Stock Unit Awards, Performance Share
Unit Awards and Stock Bonus Awards, or any combination of the foregoing.

2.    DEFINITIONS

      The following definitions shall be applicable throughout the Plan.

      (a) "Award" means, individually or collectively, any Incentive Stock
Option, Nonqualified Stock Option, Stock Appreciation Right, Restricted Stock
Award, Phantom Stock Unit Award, Performance Share Unit Award or Stock Bonus
Award.

      (b) "Award Period" means a period of time within which performance is
measured for the purpose of determining whether an Award of Performance Share
Units has been earned.

      (c) "Board" means the Board of Directors of the Company.

      (d) "Cause" means the Company or a Related Entity having cause to
terminate a Participant's employment or service in accordance with the
provisions of any existing employment, consulting or any other agreement between
the Participant and the Company or a Related Entity or, in the absence of such
an employment, consulting or other agreement, upon (i) the
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determination by the Committee that the Participant has ceased to perform his
duties to the Company or a Related Entity (other than as a result of his
incapacity due to physical or mental illness or injury), which failure amounts
to intentional and extended neglect of his duties, (ii) the Committee's
determination that the Participant has engaged or is about to engage in conduct
injurious to the Company or a Related Entity, or (iii) the Participant having
plead no contest to a charge of a felony or having been convicted of a felony.

      (e) "Code" means the Internal Revenue Code of 1986, as amended. Reference
in the Plan to any section of the Code shall be deemed to include any amendments
or successor provisions to such section and any regulations under such section.

      (f) "Committee" means the full Board, the Compensation Committee of the
Board or such other committee as the Board may appoint to administer the Plan.

      (g) "Common Stock" means the common stock, par value $0.01 per share, of
the Company.

      (h) "Company" means Wright Acquisition Holdings, Inc., a Delaware
corporation, and any successor thereto.

      (i) "Date of Grant" means the date on which the granting of an Award is
authorized or such other date as may be specified in such authorization.

      (j) "Disability" means the complete and permanent inability by reason of
illness or accident to perform the duties of the occupation at which a
Participant was employed or served when such disability commenced or, if the
Participant was retired when such disability commenced, the inability to engage
in any substantial gainful activity, in either case as determined by the
Committee based upon medical evidence acceptable to it.

      (k) "Eligible Person" means any (i) person regularly employed by the
Company or any Related Entity; PROVIDED, HOWEVER, that no such employee covered
by a collective bargaining agreement shall be an Eligible Person unless and to
the extent that such eligibility is set forth in such collective bargaining
agreement or in an agreement or instrument relating thereto; (ii) director of
the Company or any Related Entity; or (iii) consultant to the Company or any
Related Entity.

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      (l) "Exchange Act" means the Securities Exchange Act of 1934.

      (m) "Fair Market Value" on a given date means (i) if the Stock is listed
on a national securities exchange, the mean between the highest and lowest sale
prices reported as having occurred on the primary exchange with which the Stock
is listed and traded on the date prior to such date, or, if there is no such
sale on that date, then on the last preceding date on which such a sale was
reported; (ii) if the Stock is not listed on any national securities exchange
but is quoted in the National Market System of the National Association of
Securities Dealers Automated Quotation System on a last sale basis, the average
between the high bid price and low ask price reported on the date prior to such
date, or, if there is no such sale on that date, then on the last preceding date
on which a sale was reported; (iii) if the Stock is not listed on a national
securities exchange nor quoted in the National Market System of the National
Association of Securities Dealers Automated Quotation System on a last sale
basis, the amount determined by the Committee to be the fair market value based
upon a good faith attempt to value the Stock accurately; or (iv) notwithstanding
clauses (i) - (iii) above, with respect to Awards granted as of the consummation
of an IPO, the price at which Stock is sold to the public in the IPO.

      (n) "Holder" means a Participant who has been granted an Award.

      (o) "Incentive Stock Option" means an Option granted by the Committee to a
Participant under the Plan which is designated by the Committee as an Incentive
Stock Option pursuant to Section 422 of the Code.

      (p) "IPO" means the initial offering of Common Stock to the public through
an effective registration statement.

      (q) "Non-Employee Director" means a "non-employee director" within the
meaning of Rule 16b-3 of the Exchange Act or any successor rule or regulation.

      (r) "Nonqualified Stock Option" means an Option granted under the Plan
which is not designated as an Incentive Stock Option.

      (s) "Normal Termination" means termination of employment or service with
the Company or any Related Entity:

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            (i)   Upon retirement pursuant to the retirement plan of the Company
                  or any Related Entity, as may be applicable at the time to the
                  Participant in question;

            (ii)  On account of Disability;

            (iii) With the written approval of the Committee; or

            (iv)  By the Company or any Related Entity without Cause.

      (t) "Option" means an Award granted under Section 7 of the Plan.

      (u) "Option Period" means the period described in Section 7(c).

      (v) "Option Price" means the exercise price set for an Option described in
Section 7(a).

      (w) "Participant" means an Eligible Person who has been selected by the
Committee to participate in the Plan and to receive an Award.

      (x) "Performance Goals" means the performance objectives of the Company or
a Related Entity during an Award Period or Restricted Period established for the
purpose of determining whether, and to what extent, Awards will be earned for an
Award Period or Restricted Period.

      (y) "Performance Share Unit" means a hypothetical investment equivalent
equal to one share of Stock granted in connection with an Award made under
Section 9 of the Plan.

      (z) "Phantom Stock Unit" means a hypothetical investment equivalent equal
to one share of Stock granted in connection with an Award made under Section 10
of the Plan.

      (aa) "Plan" means the Wright Acquisition Holdings, Inc. 1999 Equity
Incentive Plan, as may be amended from time to time.

      (bb) "Qualified Committee" means a committee composed of at least two
Qualified Directors.

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      (cc) "Qualified Director" means a person who is (i) an Non-Employee
Director and (ii) an "outside director" within the meaning of Section 162(m) of
the Code.

      (dd) "Related Entity" means, when referring to a subsidiary, any business
entity (other than the Company) which, at the time of the granting of an Award,
is in an unbroken chain of entities ending with the Company, if stock or voting
interests possessing 50% or more of the total combined voting power of all
classes of stock or other ownership interests of each of the entities other than
the Company is owned by one of the other entities in such chain and, when
referring to a parent entity, the term "Related Entity" shall mean any entity in
an unbroken chain of entities ending with the Company if, at the time of the
granting of the Award, each of the entities other than the Company owns stock or
other ownership interests possessing 50% or more of the total combined voting
power of all classes of stock (or other ownership interests) in one of the other
entities in such chain. In addition, with respect to an Incentive Stock Option,
the definition of "Related Entity" as used in this Plan shall apply by only
considering entities that are corporations.

      (ee) "Restricted Period" means, with respect to any share of Restricted
Stock or any Phantom Stock Unit, the period of time determined by the Committee
during which such Award is subject to the restrictions set forth in Section 11.

      (ff) "Restricted Stock" means shares of Stock issued or transferred to a
Participant subject to forfeiture and the other restrictions set forth in
Section 11.

      (gg) "Restricted Stock Award" means an Award of Restricted Stock granted
under Section 11 of the Plan.

      (hh) "Securities Act" means the Securities Act of 1933, as amended.

      (ii) "Series A Preferred Stock" means the series A convertible preferred
stock, par value $.01 per share, of the Company.

      (jj) "Stock" means the Common Stock, Series A Preferred Stock or such
other authorized shares of stock of the Company as from time to time may be
authorized for use under the Plan.

      (kk) "Stock Appreciation Right" or "SAR" means an Award granted under
Section 8 of the Plan.

                                       5
<PAGE>

      (ll) "Stock Bonus" means an Award granted under Section 11 of the Plan.

      (mm) "Stock Option Agreement" means the agreement between the Company and
a Participant who has been granted an Option pursuant to Section 7 which defines
the rights and obligations of the parties as required in Section 7(d).

      (nn) "Vested Unit" shall have the meaning ascribed thereto in Section
10(e).

3.    EFFECTIVE DATE, DURATION AND SHAREHOLDER APPROVAL

      The Plan is effective as of December 7, 1999, the date of adoption of the
Plan by the Board. The effectiveness of the Plan and the validity of any and all
Awards granted pursuant to the Plan is contingent upon approval of the Plan by
the stockholders of the Company in a manner which complies with (i) Section
422(b)(1) and, to the extent provided in Section 16 herein, Section 162(m) of
the Code and (ii) the requirements of the primary national securities exchange
with which the Stock is listed, if so listed, and/or the National Market System
of the National Association of Securities Dealers Automated Quotation System, if
the Stock is quoted thereon. Unless and until the stockholders approve the Plan
in compliance with the applicable requirements, no Award granted under the Plan
shall be effective.

      The expiration date of the Plan, after which no Awards may be granted
hereunder, shall be December 7, 2009; PROVIDED, HOWEVER, that the administration
of the Plan shall continue in effect until all matters relating to the payment
of Awards previously granted have been settled.

                                       6
<PAGE>

4.    ADMINISTRATION

      The Committee shall administer the Plan; PROVIDED, HOWEVER, that as of and
after the date the Company first becomes subject to Section 16 of the Exchange
Act, the Plan shall be administered by the full Board or a committee of the
Board composed of at least two persons, each member of which, at the time he
takes any action with respect to an Award under the Plan, shall be a
Non-Employee Director; and FURTHER PROVIDED, that as of and after the date that
the exemption for the Plan under Section 162(m) of the Code expires, as set
forth in Section 16 herein, to the extent that the Company determines that an
Award is intended to comply with Section 162(m) of the Code, the Plan shall be
administered by a Qualified Committee. The majority of the members of the
Committee shall constitute a quorum. The acts of a majority of the members
present at any meeting at which a quorum is present or acts approved in writing
by a majority of the Committee shall be deemed the acts of the Committee.

      Subject to the provisions of the Plan, the Committee shall have exclusive
power to:

      (a) Select the Eligible Persons to participate in the Plan;

      (b) Determine the nature and extent of the Awards to be made to each
Participant;

      (c) Determine the time or times when Awards will be made to Participants;

      (d) Determine the duration of each Award Period and Restricted Period;

      (e) Determine the conditions to which the payment of Awards may be
subject;

      (f) Establish the Performance Goals for each Award Period;

      (g) Prescribe the form of Stock Option Agreement or other form or forms
evidencing Awards; and

      (h) Cause records to be established in which there shall be entered, from
time to time as Awards are made to Participants, the date of each Award, the
number of Incentive Stock Options, Nonqualified Stock Options, SARs, Phantom
Stock Units, Performance Share Units, shares of Restricted Stock and Stock
Bonuses awarded by the Committee to each Participant, the

                                       7
<PAGE>

expiration date, the Award Period and the duration of any applicable Restricted
Period.

      The Committee shall have the authority, subject to the provisions of the
Plan, to establish, adopt, or revise such rules and regulations and to make all
such determinations relating to the Plan as it may deem necessary or advisable
for the administration of the Plan. The Committee's interpretation of the Plan
or any documents evidencing Awards granted pursuant thereto and all decisions
and determinations by the Committee with respect to the Plan shall be final,
binding, and conclusive on all parties unless otherwise determined by the Board.

5.    GRANT OF AWARDS; SHARES SUBJECT TO THE PLAN

      The Committee may, from time to time, grant Awards of Options, Stock
Appreciation Rights, Restricted Stock, Phantom Stock Units, Performance Share
Units and/or Stock Bonuses to one or more Eligible Persons; PROVIDED, however,
that:

            (a) Subject to Section 13, the aggregate number of shares of Stock
      made subject to all Awards may not exceed (i) 4,500,000 shares of Common
      Stock, plus (ii) 9 shares of Common Stock and 160,000 shares of Series A
      Preferred Stock reserved for issuance to certain executive officers of the
      Company pursuant to Section 5.13 of the Amended and Restated Agreement and
      Plan of Merger, dated as of December 7, 1999, among the Company, Wright
      Medical Technology, Inc., a Delaware corporation, Warburg, Pincus Equity
      Partners, L.P., a Delaware limited partnership, and Wright Acquisition
      Corp., Inc., a Delaware corporation;

            (b) Such shares shall be deemed to have been used in payment of
      Awards whether they are actually delivered or the Fair Market Value
      equivalent of such shares is paid in cash. In the event any Option, SAR
      not attached to an Option, Restricted Stock Award, Phantom Stock Unit or
      Performance Share Unit shall be surrendered, terminate, expire, or be
      forfeited, the number of shares of Stock no longer subject thereto shall
      thereupon be released and shall thereafter be available for new Awards
      under the Plan;

            (c) Stock delivered by the Company in settlement of Awards under the
      Plan may be authorized and unissued Stock or Stock held in the treasury of
      the Company or may be purchased on the open market or by private purchase;

                                       8
<PAGE>

            (d) Following the date that the exemption from the application of
      Section 162(m) of the Code described in Section 16 (or any other exemption
      having similar effect) ceases to apply to Awards, no Participant may
      receive Options or SARs under the Plan with respect to more than 200,000
      shares of Stock in any one year; and

            (e) The Committee may, in its sole discretion, require a Participant
      to pay consideration for an Award in an amount and in a manner as the
      Committee deems appropriate.

                                       9
<PAGE>

6.    ELIGIBILITY

      Participation shall be limited to Eligible Persons who have received
written notification from the Committee, or from a person designated by the
Committee, that they have been selected to participate in the Plan.

7.    DISCRETIONARY GRANT OF STOCK OPTIONS

      The Committee is authorized to grant one or more Incentive Stock Options
or Nonqualified Stock Options to any Eligible Person; PROVIDED, HOWEVER, that no
Incentive Stock Options shall be granted to any Eligible Person who is not an
employee of the Company or a Related Entity. Each Option so granted shall be
subject to the following conditions, or to such other conditions as may be
reflected in the applicable Stock Option Agreement.

            (a) OPTION PRICE. The exercise price ("Option Price") per share of
      Stock for each Option shall be set by the Committee at the time of grant
      but shall not be less than the Fair Market Value of a share of Stock at
      the Date of Grant.

            (b) MANNER OF EXERCISE AND FORM OF PAYMENT. Options which have
      become exercisable may be exercised by delivery of written notice of
      exercise to the Committee accompanied by payment of the Option Price. The
      Option Price shall be payable in cash and/or shares of Stock valued at the
      Fair Market Value at the time the Option is exercised or, in the
      discretion of the Committee, either (i) in other property having a fair
      market value on the date of exercise equal to the Option Price, or (ii) by
      delivering to the Committee a copy of irrevocable instructions to a
      stockbroker to deliver promptly to the Company an amount of sale or loan
      proceeds sufficient to pay the Option Price.

            (c) OPTION PERIOD AND EXPIRATION. Options shall vest and become
      exercisable in such manner and on such date or dates determined by the
      Committee and shall expire after such period, not to exceed ten years from
      the Date of Grant, as may be determined by the Committee (the "Option
      Period"); PROVIDED, HOWEVER, that notwithstanding any vesting dates set by
      the Committee, the Committee may in its sole discretion accelerate the
      exercisability of any Option, which acceleration shall not affect the
      terms and conditions of any such Option other than with respect to
      exercisability. If an Option is exercisable in installments, such
      installments or portions thereof which become exercisable shall remain
      exercisable until the Option expires. Unless otherwise stated in the
      applicable Option Agreement, the

                                       10
<PAGE>

      Option shall expire earlier than the end of the Option Period in the
      following circumstances:

            (i)   If prior to the end of the Option Period, the Holder shall
                  undergo a Normal Termination, the Option shall expire on the
                  earlier of the last day of the Option Period or the date that
                  is thirty days after the date of such Normal Termination. In
                  such event, the Option shall remain exercisable by the Holder
                  until its expiration, only to the extent the Option was
                  exercisable at the time of such Normal Termination.

            (ii)  If the Holder dies prior to the end of the Option Period and
                  while still in the employ or service of the Company or any
                  Related Entity or within thirty days of Normal Termination,
                  the Option shall expire on the earlier of the last day of the
                  Option Period or the date that is thirty days after the date
                  of death of the Holder. In such event, the Option shall remain
                  exercisable by the person or persons to whom the Holder's
                  rights under the Option pass by will or the applicable laws of
                  descent and distribution until its expiration, only to the
                  extent the Option was exercisable by the Holder at the time of
                  death.

            (iii) If the Holder ceases employment or service with the Company or
                  any Related Entity for reasons other than Normal Termination
                  or death, the Option shall expire immediately upon such
                  cessation of employment or service.

      (d) STOCK OPTION AGREEMENT - OTHER TERMS AND CONDITIONS. Each Option
granted under the Plan shall be evidenced by a Stock Option Agreement, which
shall contain such provisions as may be determined by the Committee and, except
as may be specifically stated otherwise in such Stock Option Agreement, which
shall be subject to the following terms and conditions:

            (i)   Each Option issued pursuant to this Section 7 or portion
                  thereof that is exercisable shall be exercisable for the full
                  amount or for any part thereof.

                                       11
<PAGE>

            (ii)  Each share of Stock purchased through the exercise of an
                  Option issued pursuant to this Section 7 shall be paid for in
                  full at the time of the exercise. Each Option shall cease to
                  be exercisable, as to any share of Stock, when the Holder
                  purchases the share or exercises a related SAR or when the
                  Option expires.

            (iii) Subject to Section 12(k), Options issued pursuant to this
                  Section 7 shall not be transferable by the Holder except by
                  will or the laws of descent and distribution and shall be
                  exercisable during the Holder's lifetime only by such Holder.

            (iv)  Each Option issued pursuant to this Section 7 shall vest and
                  become exercisable by the Holder in accordance with the
                  vesting schedule established by the Committee and set forth in
                  the Stock Option Agreement.

            (v)   Each Stock Option Agreement may contain a provision that, upon
                  demand by the Committee for such a representation, the Holder
                  shall deliver to the Committee at the time of any exercise of
                  an Option issued pursuant to this Section 7 a written
                  representation that the shares to be acquired upon such
                  exercise are to be acquired for investment and not for resale
                  or with a view to the distribution thereof. Upon such demand,
                  delivery of such representation prior to the delivery of any
                  shares issued upon exercise of an Option issued pursuant to
                  this Section 7 shall be a condition precedent to the right of
                  the Holder or such other person to purchase any shares. In the
                  event certificates for Stock are delivered under the Plan with
                  respect to which such investment representation has been
                  obtained, the Committee may cause a legend or legends to be
                  placed on such certificates to make appropriate reference to
                  such representation and to restrict transfer in the absence of
                  compliance with applicable federal or state securities laws.

            (vi)  Each Incentive Stock Option Agreement shall contain a
                  provision requiring the Holder to

                                       12
<PAGE>

                  notify the Company in writing immediately after the Holder
                  makes a disqualifying disposition of any Stock acquired
                  pursuant to the exercise of such Incentive Stock Option. A
                  disqualifying disposition is any disposition (including any
                  sale) of such Stock before the later of (a) two years after
                  the Date of Grant of the Incentive Stock Option or (b) one
                  year after the date the Holder acquired the Stock by
                  exercising the Incentive Stock Option.

      (e) INCENTIVE STOCK OPTION GRANTS TO 10% STOCKHOLDERS. Notwithstanding
anything to the contrary in this Section 7, if an Incentive Stock Option is
granted to a Holder who owns stock representing more than ten percent of the
voting power of all classes of stock of the Company or of a Related Entity, the
Option Period shall not exceed five years from the Date of Grant of such Option
and the Option Price shall be at least 110 percent of the Fair Market Value (on
the Date of Grant) of the Stock subject to the Option.

      (f) $100,000 PER YEAR LIMITATION FOR INCENTIVE STOCK OPTIONS. To the
extent the aggregate Fair Market Value (determined as of the Date of Grant) of
Stock for which Incentive Stock Options are exercisable for the first time by
any Participant during any calendar year (under all plans of the Company and its
Subsidiaries) exceeds $100,000, such excess Incentive Stock Options shall be
treated as Nonqualified Stock Options.

      (g) VOLUNTARY SURRENDER. The Committee may permit the voluntary surrender
of all or any portion of any Nonqualified Stock Option issued pursuant to this
Section 7 and its corresponding SAR, if any, granted under the Plan to be
conditioned upon the granting to the Holder of a new Option for the same or a
different number of shares as the Option surrendered or require such voluntary
surrender as a condition precedent to a grant of a new Option to such
Participant. Such new Option shall be exercisable at an Option Price, during an
Option Period, and in accordance with any other terms or conditions specified by
the Committee at the time the new Option is granted, all determined in
accordance with the provisions of the Plan without regard to the Option Price,
Option Period, or any other terms and conditions of the Nonqualified Stock
Option surrendered.

8.    STOCK APPRECIATION RIGHTS

                                       13
<PAGE>

      Any Option granted under the Plan may include SARs, either at the Date of
Grant or, except in the case of an Incentive Stock Option, by subsequent
amendment. The Committee also may award SARs independent of any Option. An SAR
shall confer on the Holder thereof the right to receive in shares of Stock, cash
or a combination thereof the value equal to the excess of the Fair Market Value
of one share of Stock on the date of exercise over the exercise price for the
SAR, with respect to every share of Stock for which the SAR is granted. An SAR
shall be subject to such terms and conditions not inconsistent with the Plan as
the Committee shall impose, including, but not limited to, the following:

      (a) VESTING. SARs granted in connection with an Option shall become
exercisable, be transferable and shall expire according to the same vesting
schedule, transferability rules and expiration provisions as the corresponding
Option. An SAR granted independent of an Option shall become exercisable, be
transferable and shall expire in accordance with a vesting schedule,
transferability rules and expiration provisions as established by the Committee
and reflected in an Award agreement.

      (b) AUTOMATIC EXERCISE. If on the last day of the Option Period (or in the
case of an SAR independent of an Option, the period established by the Committee
after which the SAR shall expire), the Fair Market Value of the Stock exceeds
the Option Price (or in the case of an SAR granted independent of an Option, the
Fair Market Value of the Stock on the Date of Grant), the Holder has not
exercised the SAR or the corresponding Option, and neither the SAR nor the
corresponding Option has expired, such SAR shall be deemed to have been
exercised by the Holder on such last day and the Company shall make the
appropriate payment therefor.

      (c) PAYMENT. Upon the exercise of an SAR, the Company shall pay to the
Holder an amount equal to the number of shares subject to the SAR multiplied by
the excess, if any, of the Fair Market Value of one share of Stock on the
exercise date over the Option Price, in the case of an SAR granted in connection
with an Option, or the Fair Market Value of one share of Stock on the Date of
Grant, in the case of an SAR granted independent of an Option. The Company shall
pay such excess in cash, in shares of Stock valued at Fair Market Value, or any
combination thereof, as determined by the Committee. Fractional shares shall be
settled in cash.

                                       14
<PAGE>

      (d) METHOD OF EXERCISE. A Holder may exercise an SAR after such time as
the SAR vests by filing an irrevocable written notice with the Committee or its
designee, specifying the number of SARs to be exercised, and the date on which
such SARs were awarded.

      (e) EXPIRATION. Each SAR shall cease to be exercisable, as to any share of
Stock, when the Holder exercises the SAR or exercises a related Option, with
respect to such share of Stock. Except as otherwise provided, in the case of
SARs granted in connection with Options, an SAR shall expire on a date
designated by the Committee which is not later than seven years after the Date
of Grant of the SAR.

9.    PERFORMANCE SHARES

      (a) AWARD GRANTS. The Committee is authorized to establish Performance
Share programs to be effective over designated Award Periods determined by the
Committee. The Committee may grant Awards of Performance Share Units to Eligible
Persons in accordance with such Performance Share programs. At the beginning of
each Award Period, the Committee will establish written Performance Goals based
upon financial objectives for the Company for such Award Period and a schedule
relating the accomplishment of the Performance Goals to the Awards to be earned
by Participants. Performance Goals may include absolute or relative growth in
earnings per share or rate of return on stockholders' equity or other
measurement of corporate performance and may be determined on an individual
basis or by categories of Participants. The Committee shall determine the number
of Performance Share Units to be awarded, if any, to each Eligible Person who is
selected to receive such an Award. The Committee may add new Participants to a
Performance Share program after its commencement by making pro rata grants.

      (b) DETERMINATION OF AWARD. At the completion of a Performance Share Award
Period, or at other times as specified by the Committee, the Committee shall
calculate the number of shares of Stock earned with respect to each
Participant's Performance Share Unit Award by multiplying the number of
Performance Share Units granted to the Participant by a performance factor
representing the degree of attainment of the Performance Goals.

      (c) PARTIAL AWARDS. A Participant for less than a full Award Period,
whether by reason of commencement or termination of employment or otherwise,
shall receive such portion of an Award, if any, for that Award Period as the
Committee shall determine.

                                       15
<PAGE>

      (d) PAYMENT OF PERFORMANCE SHARE UNIT AWARDS. Performance Share Unit
Awards shall be payable in that number of shares of Stock determined in
accordance with Section 9(b); PROVIDED, HOWEVER, that, at its discretion, the
Committee may make payment to any Participant in the form of cash upon the
specific request of such Participant. The amount of any payment made in cash
shall be based upon the Fair Market Value of the Stock on the day prior to
payment. Payments of Performance Share Unit Awards shall be made as soon as
practicable after the completion of an Award Period.

      (e) ADJUSTMENT OF PERFORMANCE GOALS. The Committee may, during the Award
Period, make such adjustments to Performance Goals as it may deem appropriate,
to compensate for, or reflect, (i) extraordinary or non-recurring events
experienced during an Award Period by the Company or by any Related Entity whose
performance is relevant to the determination of whether Performance Goals have
been attained; (ii) any significant changes that may have occurred during such
Award Period in applicable accounting rules or principles or changes in the
Company's method of accounting or in that of any Related Entity whose
performance is relevant to the determination of whether an Award has been earned
or (iii) any significant changes that may have occurred during such Award Period
in tax laws or other laws or regulations that alter or affect the computation of
the measures of Performance Goals used for the calculation of Awards; PROVIDED,
HOWEVER, that following the date that the exemption from the application of
Section 162(m) of the Code described in Section 16 herein (or any other
exemption having similar effect) ceases to apply to Performance Share Unit
Awards, with respect to such Awards intended to qualify as "performance-based
compensation" under Section 162(m) of the Code, such adjustment shall be made
only to the extent that the Committee determines that such adjustments may be
made without a loss of deductibility of the compensation includible with respect
to such Award under Section 162(m) of the Code.

                                       16
<PAGE>

10.   RESTRICTED STOCK AWARDS AND PHANTOM STOCK UNITS

      (a) AWARD OF RESTRICTED STOCK AND PHANTOM STOCK UNITS.

            (i)   The Committee shall have the authority (1) to grant Restricted
                  Stock and Phantom Stock Unit Awards, (2) to issue or transfer
                  Restricted Stock to Eligible Persons, and (3) to establish
                  terms, conditions and restrictions applicable to such
                  Restricted Stock and Phantom Stock Units, including the
                  Restricted Period, which may differ with respect to each
                  grantee, the time or times at which Restricted Stock or
                  Phantom Stock Units shall be granted or become vested and the
                  number of shares or units to be covered by each grant.

            (ii)  The Holder of a Restricted Stock Award shall execute and
                  deliver to the Company an Award agreement with respect to the
                  Restricted Stock setting forth the restrictions applicable to
                  such Restricted Stock. If the Committee determines that the
                  Restricted Stock shall be held in escrow rather than delivered
                  to the Holder pending the release of the applicable
                  restrictions, the Holder additionally shall execute and
                  deliver to the Company (i) an escrow agreement satisfactory to
                  the Committee, and (ii) the appropriate blank stock powers
                  with respect to the Restricted Stock covered by such
                  agreements. If a Holder shall fail to execute a Restricted
                  Stock agreement and, if applicable, an escrow agreement and
                  stock powers, the Award shall be null and void. Subject to the
                  restrictions set forth in Section 10(b), the Holder shall
                  generally have the rights and privileges of a stockholder as
                  to such Restricted Stock, including the right to vote such
                  Restricted Stock. At the discretion of the Committee, cash
                  dividends and stock dividends with respect to the Restricted
                  Stock may be either currently paid to the Holder or withheld
                  by the Company for the Holder's account, and interest may be
                  paid on the amount of cash dividends withheld at a rate and
                  subject to such terms as determined by the Committee. Cash
                  dividends or stock dividends so withheld by the Committee
                  shall not be subject to forfeiture.

                                       17
<PAGE>

            (iii) Upon the Award of Restricted Stock, the Committee shall cause
                  a stock certificate registered in the name of the Holder to be
                  issued and, if it so determines, deposited together with the
                  stock powers with an escrow agent designated by the Committee.
                  If an escrow arrangement is used, the Committee shall cause
                  the escrow agent to issue to the Holder a receipt evidencing
                  any stock certificate held by it registered in the name of the
                  Holder.

            (iv)  The terms and conditions of a grant of Phantom Stock Units
                  shall be reflected in a written Award agreement. No shares of
                  Stock shall be issued at the time a Phantom Stock Unit Award
                  is made, and the Company will not be required to set aside a
                  fund for the payment of any such Award. Holders of Phantom
                  Stock Units shall receive an amount equal to the cash
                  dividends paid by the Company upon one share of Stock for each
                  Phantom Stock Unit then credited to such Holder's account
                  ("Dividend Equivalents"). The Committee shall, in its sole
                  discretion, determine whether to credit to the account of, or
                  to currently pay to, each Holder of an Award of Phantom Stock
                  Units such Dividend Equivalents. Dividend Equivalents credited
                  to a Holder's account shall be subject to forfeiture on the
                  same basis as the related Phantom Stock Units, and may bear
                  interest at a rate and subject to such terms as are determined
                  by the Committee.

(b)   RESTRICTIONS.

            (i)   Restricted Stock awarded to a Participant shall be subject to
                  the following restrictions until the expiration of the
                  Restricted Period, and to such other terms and conditions as
                  may be set forth in the applicable Award agreement: (1) if an
                  escrow arrangement is used, the Holder shall not be entitled
                  to delivery of the stock certificate; (2) the shares shall be
                  subject to the restrictions on transferability set forth in
                  the Award agreement; (3) the shares shall be subject to
                  forfeiture to the extent provided in subparagraph (d) and the
                  Award Agreement and, to the extent such shares are forfeited,
                  the stock

                                       18
<PAGE>

                  certificates shall be returned to the Company, and all rights
                  of the Holder to such shares and as a shareholder shall
                  terminate without further obligation on the part of the
                  Company.

            (ii)  Phantom Stock Units awarded to any Participant shall be
                  subject to (1) forfeiture until the expiration of the
                  Restricted Period, to the extent provided in subparagraph (d)
                  and the Award agreement, and to the extent such Awards are
                  forfeited, all rights of the Holder to such Awards shall
                  terminate without further obligation on the part of the
                  Company and (2) such other terms and conditions as may be set
                  forth in the applicable Award agreement.

            (iii) The Committee shall have the authority to remove any or all of
                  the restrictions on the Restricted Stock and Phantom Stock
                  Units whenever it may determine that, by reason of changes in
                  applicable laws or other changes in circumstances arising
                  after the date of the Restricted Stock Award or Phantom Stock
                  Award, such action is appropriate.

      (c) RESTRICTED PERIOD. The Restricted Period of Restricted Stock and
Phantom Stock Units shall commence on the Date of Grant and shall expire from
time to time as to that part of the Restricted Stock and Phantom Stock Units
indicated in a schedule established by the Committee and set forth in a written
Award agreement.

      (d) FORFEITURE PROVISIONS. Except to the extent determined by the
Committee and reflected in the underlying Award agreement, in the event a Holder
terminates employment with the Company and all Related Entities during a
Restricted Period for any reason, that portion of the Award with respect to
which restrictions have not expired shall be completely forfeited to the
Company.

      (e) DELIVERY OF RESTRICTED STOCK AND SETTLEMENT OF PHANTOM STOCK UNITS.
Upon the expiration of the Restricted Period with respect to any shares of Stock
covered by a Restricted Stock Award, the restrictions set forth in Section 10(b)
and the Award agreement shall be of no further force or effect with respect to
shares of Restricted Stock which have not then been forfeited. If an escrow
arrangement is used, upon such expiration, the Company shall deliver to the
Holder, or his beneficiary, without

                                       19
<PAGE>

charge, the stock certificate evidencing the shares of Restricted Stock which
have not then been forfeited and with respect to which the Restricted Period has
expired (to the nearest full share) and any cash dividends or stock dividends
credited to the Holder's account with respect to such Restricted Stock and the
interest thereon, if any.

      Upon the expiration of the Restricted Period with respect to any Phantom
Stock Units covered by a Phantom Stock Unit Award, the Company shall deliver to
the Holder, or his beneficiary, without charge, one share of Stock for each
Phantom Stock Unit which has not then been forfeited and with respect to which
the Restricted Period has expired ("Vested Unit") and cash equal to any Dividend
Equivalents credited with respect to each such Vested Unit and the interest
thereon, if any; PROVIDED, HOWEVER, that, if so noted in the applicable Award
agreement, the Committee may, in its sole discretion, elect to pay cash or part
cash and part Stock in lieu of delivering only Stock for Vested Units. If cash
payment is made in lieu of delivering Stock, the amount of such payment shall be
equal to the Fair Market Value of the Stock as of the date on which the
Restricted Period lapsed with respect to such Vested Unit.

      (f) STOCK RESTRICTIONS. Each certificate representing Restricted Stock
awarded under the Plan shall bear the following legend until the end of the
Restricted Period with respect to such Stock:

                  "Transfer of this certificate and the shares represented
      hereby is restricted pursuant to the terms of a Restricted Stock
      Agreement, dated as of ______, between Wright Acquisition Holdings, Inc.
      and __________. A copy of such Agreement is on file at the offices of the
      Company at 466 Lexington Avenue, New York, New York 10017."

Stop transfer orders shall be entered with the Company's transfer agent and
registrar against the transfer of legended securities.

11.   STOCK BONUS AWARDS

      The Committee may issue unrestricted Stock under the Plan to Eligible
Persons, alone or in tandem with other Awards, in such amounts and subject to
such terms and conditions as the Committee shall from time to time in its sole
discretion determine. Stock Bonus Awards under the Plan shall be granted as, or
in payment of, a bonus, or to provide incentives or recognize special
achievements or contributions.

                                       20
<PAGE>

12.   GENERAL

      (a) ADDITIONAL PROVISIONS OF AN AWARD. Awards under the Plan also may be
subject to such other provisions (whether or not applicable to the benefit
awarded to any other Participant) as the Committee determines appropriate
including, without limitation, provisions to assist the Participant in financing
the purchase of Stock upon the exercise of Options, provisions for the
forfeiture of or restrictions on resale or other disposition of shares of Stock
acquired under any Award, provisions giving the Company the right to repurchase
shares of Stock acquired under any Award in the event the Participant elects to
dispose of such shares, and provisions to comply with Federal and state
securities laws and Federal and state tax withholding requirements. Any such
provisions shall be reflected in the applicable Award agreement.

      (b) PRIVILEGES OF STOCK OWNERSHIP. Except as otherwise specifically
provided in the Plan, no person shall be entitled to the privileges of stock
ownership in respect of shares of Stock which are subject to Awards hereunder
until such shares have been issued to that person.

      (c) GOVERNMENT AND OTHER REGULATIONS. The obligation of the Company to
make payment of Awards in Stock or otherwise shall be subject to all applicable
laws, rules, and regulations, and to such approvals by governmental agencies as
may be required. Notwithstanding any terms or conditions of any Award to the
contrary, the Company shall be under no obligation to offer to sell or to sell
and shall be prohibited from offering to sell or selling any shares of Stock
pursuant to an Award unless such shares have been properly registered for sale
pursuant to the Securities Act with the Securities and Exchange Commission or
unless the Company has received an opinion of counsel, satisfactory to the
Company, that such shares may be offered or sold without such registration
pursuant to an available exemption therefrom and the terms and conditions of
such exemption have been fully complied with. The Company shall be under no
obligation to register for sale under the Securities Act any of the shares of
Stock to be offered or sold under the Plan. If the shares of Stock offered for
sale or sold under the Plan are offered or sold pursuant to an exemption from
registration under the Securities Act, the Company may restrict the transfer of
such shares and may legend the Stock certificates representing such shares in
such manner as it deems advisable to ensure the availability of any such
exemption.

                                       21
<PAGE>

      (d) TAX WITHHOLDING. Notwithstanding any other provision of the Plan, the
Company or any Related Entity, as appropriate, shall have the right to deduct
from all Awards cash and/or Stock, valued at Fair Market Value on the date of
payment, in an amount necessary to satisfy all Federal, state or local taxes as
required by law to be withheld with respect to such Awards and, in the case of
Awards paid in Stock, the Holder or other person receiving such Stock may be
required to pay prior to delivery of such Stock, the amount of any such taxes
which are required to be withheld, if any, with respect to such Stock. Subject
in particular cases to the disapproval of the Committee, shares of Stock of
equivalent Fair Market Value in payment of such withholding tax obligations may
be accepted if the Holder of the Award elects to make payment in such manner.

      (e) CLAIM TO AWARDS AND EMPLOYMENT RIGHTS. No employee or other person
shall have any claim or right to be granted an Award under the Plan or, having
been selected for the grant of an Award, to be selected for a grant of any other
Award. Neither the Plan nor any action taken hereunder shall be construed as
giving any Participant any right to be retained in the employ or service of the
Company or any Related Entity.

      (f) DESIGNATION AND CHANGE OF BENEFICIARY. Each Participant may file with
the Committee a written designation of one or more persons as the beneficiary
who shall be entitled to receive the rights or amounts payable with respect to
an Award due under the Plan upon his death. A Participant may, from time to
time, revoke or change his beneficiary designation without the consent of any
prior beneficiary by filing a new designation with the Committee. The last such
designation received by the Committee shall be controlling; provided, HOWEVER,
that no designation, or change or revocation thereof, shall be effective unless
received by the Committee prior to the Participant's death, and in no event
shall it be effective as of a date prior to such receipt. If no beneficiary
designation is filed by the Participant, the beneficiary shall be deemed to be
his or her spouse or, if the Participant is unmarried at the time of death, his
or her estate.

      (g) PAYMENTS TO PERSONS OTHER THAN PARTICIPANTS. If the Committee shall
find that any person to whom any amount is payable under the Plan is unable to
care for his affairs because of illness or accident, or is a minor, or has died,
then any payment due to such person or his estate (unless a prior claim therefor
has been made by a duly appointed legal representative)

                                       22
<PAGE>

may, if the Committee so directs, be paid to his spouse, child, relative, an
institution maintaining or having custody of such person, or any other person
deemed by the Committee to be a proper recipient on behalf of such person
otherwise entitled to payment. Any such payment shall be a complete discharge of
the liability of the Committee and the Company therefor.

      (h) NO LIABILITY OF COMMITTEE MEMBERS. No member of the Committee shall be
personally liable by reason of any contract or other instrument executed by such
member or on his behalf in his capacity as a member of the Committee nor for any
mistake of judgment made in good faith, and the Company shall indemnify and hold
harmless each member of the Committee and each other employee, officer or
director of the Company to whom any duty or power relating to the administration
or interpretation of the Plan may be allocated or delegated, against any cost or
expense (including counsel fees) or liability (including any sum paid in
settlement of a claim) arising out of any act or omission to act in connection
with the Plan unless arising out of such person's own fraud or willful bad
faith; PROVIDED, HOWEVER, that approval of the Board shall be required for the
payment of any amount in settlement of a claim against any such person. The
foregoing right of indemnification shall not be exclusive of any other rights of
indemnification to which such persons may be entitled under the Company's
Articles of Incorporation or By-Laws, as a matter of law, or otherwise, or any
power that the Company may have to indemnify them or hold them harmless.

      (i) GOVERNING LAW. The Plan shall be governed by and construed in
accordance with the internal laws of the State of Delaware without regard to the
principles of conflicts of law thereof.

      (j) FUNDING. No provision of the Plan shall require the Company, for the
purpose of satisfying any obligations under the Plan, to purchase assets or
place any assets in a trust or other entity to which contributions are made or
otherwise to segregate any assets, nor shall the Company maintain separate bank
accounts, books, records or other evidence of the existence of a segregated or
separately maintained or administered fund for such purposes. Holders shall have
no rights under the Plan other than as unsecured general creditors of the
Company, except that insofar as they may have become entitled to payment of
additional compensation by performance of services, they shall have the same
rights as other employees under general law.

                                       23
<PAGE>

      (k) NONTRANSFERABILITY. A person's rights and interest under the Plan,
including amounts payable, may not be sold, assigned, donated, or transferred or
otherwise disposed of, mortgaged, pledged or encumbered except, in the event of
a Holder's death, to a designated beneficiary to the extent permitted by the
Plan, or in the absence of such designation, by will or the laws of descent and
distribution; PROVIDED, HOWEVER, the Committee may, in its sole discretion,
allow for transfer of Awards other than Incentive Stock Options to other persons
or entities.

      (l) RELIANCE ON REPORTS. Each member of the Committee and each member of
the Board shall be fully justified in relying, acting or failing to act, and
shall not be liable for having so relied, acted or failed to act in good faith,
upon any report made by the independent public accountant of the Company and any
Related Entity and upon any other information furnished in connection with the
Plan by any person or persons other than himself.

      (m) RELATIONSHIP TO OTHER BENEFITS. No payment under the Plan shall be
taken into account in determining any benefits under any pension, retirement,
profit sharing, group insurance or other benefit plan of the Company except as
otherwise specifically provided in such other plan.

      (n) EXPENSES. The expenses of administering the Plan shall be borne by the
Company.

      (o) PRONOUNS. Masculine pronouns and other words of masculine gender shall
refer to both men and women.

      (p) TITLES AND HEADINGS. The titles and headings of the sections in the
Plan are for convenience of reference only, and in the event of any conflict,
the text of the Plan, rather than such titles or headings shall control.

      (q) SHAREHOLDERS AGREEMENT. As a condition to receiving an Award under the
Plan each Participant receiving Stock or rights to acquire Stock under the Plan
shall agree to enter into a shareholders agreement to be approved by the Board
at such time as the Board deems appropriate.

      13. CHANGES IN CAPITAL STRUCTURE

      Awards granted under the Plan and any agreements evidencing such Awards,
the maximum number of shares of Stock subject to all Awards and the maximum
number of shares of Stock with respect to which any one person may be granted
Options or SARs during any year, if applicable, shall be subject to equitable
adjustment or substitution, as determined by the Committee in its sole
discretion, as to the number, price or kind of a share of Stock or other
consideration subject to such Awards (i) in the event of changes in the
outstanding Stock or in the capital structure of the Company by reason of stock
dividends, stock splits, reverse stock splits, recapitalizations,
reorganizations, mergers, consolidations, combinations, exchanges, or other
relevant changes in capitalization occurring after the Date of Grant of any such
Award or (ii) in the event of any change in applicable laws or any change in
circumstances which results in or would result in any substantial dilution or
enlargement of the rights granted to, or available for, Participants in the
Plan, or which otherwise warrants equitable adjustment because it interferes
with the intended operation of the Plan. In addition, in the event of any such
adjustment or substitution, the aggregate number of shares of Stock available
under the Plan shall be appropriately adjusted by the Committee, whose
determination shall be conclusive. Following the date that the exemption from
the application of Section 162(m) of the Code described in Section 16 (or any
other exemption having similar effect) ceases to apply to Awards, with respect
to Awards intended to qualify as "performance-based compensation" under Section
162(m) of the Code, such adjustments or substitutions shall be made only to the
extent that the Committee determines that such adjustments or substitutions may
be made without a loss of deductibility for such Awards under Section 162(m) of
the Code. The Company shall give each Participant notice of an adjustment
hereunder and, upon notice, such adjustment shall be conclusive and binding for
all purposes.

      Notwithstanding the above, in the event of any of the following:

                  A.    The Company is merged or consolidated with another
            corporation or entity and, in connection therewith, consideration
            is received by shareholders of the Company in a form other than
            stock or other equity interests of the surviving entity;

                  B.    All or substantially all of the assets of the Company
            are acquired by another person;

                  C.    The reorganization or liquidation of the Company; or

                  D.    The Company shall enter into a written agreement to
            undergo an event described in clauses A, B or C above,

then the Committee may, in its discretion and upon at least 10 days advance
notice to the affected persons, cancel any outstanding Awards and pay to the
Holders thereof, in cash, the value of such Awards based upon the price per
share of Stock received or to be received by other shareholders of the Company
in the event. The terms of this Section 13 may be varied by the Committee in any
particular Award agreement.

14.   NONEXCLUSIVITY OF THE PLAN

      Neither the adoption of this Plan by the Board nor the submission of this
Plan to the stockholders of the Company for approval shall be construed as
creating any limitations on the power of the Board to adopt such other incentive
arrangements as it may deem desirable, including, without limitation, the
granting of stock options otherwise than under this Plan, and such arrangements
may be either applicable generally or only in specific cases.

15.   AMENDMENTS AND TERMINATION

      The Board may at any time terminate the Plan. Subject to Section 13, with
the express written consent of an individual Participant, the Board or the
Committee may cancel or reduce or otherwise alter outstanding Awards if, in its
judgment, the tax, accounting, or other effects of the Plan or potential payouts
thereunder would not be in the best interest of the Company. The Board or the
Committee may, at any time, or from time to time, amend or suspend and, if
suspended, reinstate, the Plan in whole or in part.

16.   EFFECT OF SECTION 162(M) OF THE CODE

      The Plan, and all Awards issued thereunder, are intended to be exempt from
the application of Section 162(m) of the Code, which restricts under certain
circumstances the Federal income tax deduction for compensation paid by a public
company to named executives in excess of $1 million per year. The exemption is
based on Treasury Regulation Section 1.162-27(f), in the form existing on the
effective date of the Plan, with the understanding that such regulation
generally exempts from the application of Section 162(m) of the Code
compensation paid pursuant to a plan that existed before a company becomes
publicly held. Under such Treasury Regulation, this exemption is available to
the Plan for the duration of the period that lasts until the earlier of (i) the
expiration or material modification of the Plan, (ii) the exhaustion of the
maximum number of shares of Stock available for Awards under the Plan, as set
forth in Section 5(a), or (iii) the first meeting of shareholders at which
directors are to be elected that occurs after the close of the third calendar
year following the calendar year in which the Company first becomes subject to
the reporting obligations of Section 12 of the Exchange Act. The Committee may,
without shareholder approval, amend the Plan retroactively and/or prospectively
to the extent it determines necessary in order to comply with any subsequent
clarification of Section 162(m) of the Code required to preserve the Company's
Federal income tax deduction for compensation paid pursuant to the Plan. To the
extent that the Committee determines as of the Date of Grant of an Award that
(i) the Award is intended to comply with Section 162(m) of the Code and (ii) the
exemption described above is no longer available with respect to such Award,
such Award shall not be effective until any stockholder approval required under
Section 162(m) of the Code has been obtained.

                        *           *           *

As adopted by the Board of Directors of
Wright Acquisition Holdings, Inc. as of
December 7, 1999

By:  /S/ ELIZABETH H. WEATHERMAN
Title:  Director and President
<PAGE>

                                                                       EXHIBIT B

                        WRIGHT ACQUISITION HOLDINGS, INC.
                           1999 EQUITY INCENTIVE PLAN

                         SHARES SUBJECT TO OPTION GRANTS

<TABLE>
<CAPTION>

                                                                      SERIES A
             OPTIONEES                   COMMON SHARES*       PREFERRED SHARES**

<S>                                          <C>                      <C>
Thomas M. Patton                             4.5                      80,000

Gregory K. Butler                            .8235                    14,640

Jack E. Parr, Ph.D.                          .8235                    14,640

Carl M. Stamp                                .36                       6,400

James T. Hook                                .36                       6,400

Robert W. Churinetz                          .36                       6,400

Karen L. Harris                              .36                       6,400

Jason P. Hood                                .099                      1,760

Joyce B. Jones                               .36                       6,400

Warren O. Haggard, Ph.D.                     .099                      1,760

Michael E. Kaufman                           .36                       6,400

John R. Gauger                               .099                      1,760

Jennifer S. Walker                           .099                      1,760

Skip Flannery                                .099                      1,760

Mark Fisher                                  .099                      1,760

Alan Taylor                                  .099                      1,760
</TABLE>

* The exercise price for each share of Common Stock is $0.01. ** The exercise
price for each share of Preferred Series A Stock is $.63329.

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