Document:

Guaranty, dated as of July 28, 2005

 Exhibit 10.2 
  
 GUARANTY 
  
 This GUARANTY (this “Guaranty”), dated as of July 28, 2005, is entered into by and among Insight Communications Company, Inc., a Delaware
corporation (the “Company”), Carlyle Partners III Telecommunications, L.P., a Delaware limited partnership, and Carlyle Partners IV Telecommunications, L.P., a Delaware limited partnership (each, a “Guarantor” and
together, the “Guarantors”). Capitalized terms used herein without definition have the meanings given to them in the Merger Agreement (as defined below). 
  
 RECITALS 
  
 WHEREAS, concurrently with the execution and delivery of this Guaranty, the Company and Insight Acquisition Corp., a Delaware corporation
(“Parent”), are entering into an Agreement and Plan of Merger, dated as of the date hereof (the “Merger Agreement”), providing for the Merger of Parent with and into the Company upon the terms and subject to the
conditions set forth therein; 
  
 WHEREAS, Parent is an Affiliate
of the Guarantors; and 
  
 WHEREAS, in order to induce the Company
to enter into the Merger Agreement, the Guarantors have agreed to enter into this Guaranty; 
  
 NOW, THEREFORE, in consideration of the foregoing premises and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company and the Guarantors hereby agree as
follows: 
  
 1. Guaranty. The Guarantors hereby
irrevocably and unconditionally guarantee to the Company, jointly and severally, the prompt and complete payment and performance of Parent’s obligations to the Company arising under the Merger Agreement (the “Guaranteed
Obligations”); provided, however, that the maximum aggregate liability of the Guarantors hereunder shall not exceed $10,000,000 (the “Maximum Amount”). The Company hereby agrees that in no event shall the
Guarantors, collectively, be required to pay to any Person under, in respect of, or in connection with this Guaranty more than the Maximum Amount, and that neither Guarantor shall have any obligation or liability to any Person relating to, arising
out of or in connection with this Guaranty other than as expressly set forth herein. 
  
 2. Terms of Guaranty. 
  
 (a) This Guaranty is one of payment, not collection, and a separate action or actions may be brought and prosecuted against each of the Guarantors to enforce this Guaranty, irrespective of whether any action is brought against Parent or the
other Guarantor or whether Parent or the other Guarantor is joined in any such action or actions. 

 (b) Notwithstanding any other provision of this Guaranty, the Company hereby agrees that (i) each
of the Guarantors may assert, as a defense to any payment or performance by such Guarantor under this Guaranty, any claim, set-off, deduction or defense that Parent could assert against the Company under the terms of the Merger Agreement or that
could otherwise be asserted by Parent against the Company in any action by the Company against Parent and (ii) any failure by the Company to comply with the terms of the Merger Agreement, including, without limitation, any breach by the
Company of the representations and warranties contained therein or in any of the agreements, certificates and other documents required to be delivered by the Company pursuant to the terms of the Merger Agreement (whether such breach results from
fraud, intentional misrepresentation or otherwise), that would relieve Parent of its obligations under the Merger Agreement shall likewise relieve the Guarantors of their obligations under this Guaranty. 
  
 3. Sole Remedy. 
  
 (a) The Company hereby acknowledges and agrees that Parent has no assets as
of the date hereof, and that the Company shall not have any right to cause any monies to be contributed to Parent by any current, former or prospective stockholder, officer, member, director, agent, employee, Affiliate or assignee of the Guarantors.

  
 (b) The Company hereby agrees that no Person other than the
Guarantors shall have any obligation or liability arising out of, in connection with or relating to this Guaranty and that neither the Company nor any other Person shall have any remedy, recourse or right of recovery against any current, former or
prospective stockholder, member, general or limited partner, officer, director, agent, employee, Affiliate or assignee of the Guarantor, or against any current, former or prospective stockholder, member, general or limited partner, officer,
director, agent, employee, Affiliate or assignee of any of the foregoing, whether through a Guarantor or otherwise, by or through attempted piercing of the corporate veil, by or through a claim by or on behalf of Parent against a Guarantor or
against any current, former or prospective stockholder, member, general or limited partner, officer, director, agent, employee, Affiliate or assignee of a Guarantor, Parent or any of their respective Affiliates, or otherwise. 
  
 (c) Recourse by the Company against the Guarantors under this Guaranty shall
be the sole and exclusive remedy of the Company against the Guarantors or any of their Affiliates (other than Parent) in respect of any liabilities or obligations arising under, or in connection with, the Merger Agreement or the transactions
contemplated thereby. The Company hereby covenants and agrees that it shall not institute, and shall cause its 
  

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 Affiliates not to institute, any proceeding or bring any other claim arising under, or in connection with, the Merger
Agreement or the transactions contemplated thereby, against either Guarantor or any of its Affiliates (other than Parent), except for claims by the Company against the Guarantors under this Guaranty. Nothing set forth in this Guaranty shall affect
or be construed to affect any liability of Parent to the Company or shall confer or give, or shall be construed to confer or give, to any Person other than the Company (including any Person acting in a representative capacity) any rights or remedies
against any Person in respect of or relating to any obligation or liability of the Guarantors arising out of, in connection with or relating to this Guaranty. 
  

(d) Notwithstanding any provision hereof or otherwise, including by applicable Law, no obligation or liability contained in, arising out of, in
connection with or relating to this Guaranty shall be enforceable by way of specific performance. 
  
 4. Termination. This Guaranty shall terminate at the Effective Time. In the event that the Company or any of its Affiliates asserts in any
litigation relating to this Guaranty that the provisions of Section 1 hereof limiting the maximum aggregate liability of the Guarantors to the Maximum Amount or the provisions of Section 3 hereof are illegal, invalid or unenforceable in whole or in
part, the obligations of the Guarantors under this Guaranty shall terminate forthwith and shall thereupon be null and void. 
  
 5. Continuing Guaranty. Unless terminated pursuant to the provisions of Section 4 hereof, this Guaranty is a continuing one and shall remain in
full force and effect until the indefeasible payment and satisfaction in full of the Guaranteed Obligations, and shall be binding upon, inure to the benefit of and be enforceable by, the parties hereto and their respective successors and permitted
transferees and assigns. 
  
 6. Entire Agreement. This
Guaranty constitutes the entire agreement with respect to the subject matter hereof and supersedes any and all prior discussions, negotiations, proposals, undertakings, understandings and agreements, whether written or oral, between the Guarantors
or any of their Affiliates on the one hand, and the Company or any of its Affiliates on the other hand. 
  
 7. Amendments and Waivers. No amendment or waiver of any provision of this Guaranty shall be valid and binding unless it is in writing and signed,
in the case of an amendment, by each of the Guarantors and the Company, or in the case of waiver, by the party against whom the waiver is sought to be enforced. No waiver by a party of any breach or violation of, or default under, this Guaranty
shall be deemed to extend to any prior or subsequent breach, violation or default hereunder or to affect in any way any rights arising by virtue of any such prior or subsequent occurrence. No delay or omission by any party in exercising any right,
power or remedy under this Guaranty shall operate as a waiver thereof. 
  

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 8. Counterparts. This Guaranty may be executed in any number of counterparts, each of which will
be deemed an original, but all of which together will constitute one and the same instrument. This Guaranty shall become effective when duly executed by each party hereto. 
  
 9. Notices. All notices and other communications hereunder shall be in writing and shall be deemed to have been duly
given if delivered personally or sent by telecopy or telex, overnight courier service or by registered or certified mail (postage prepaid, return receipt requested), to the respective parties at the following addresses or at such addresses as shall
be specified by the parties by like notice: 
  

	 	(a)	If to the Guarantors: 

  
 The Carlyle Group 
 1001 Pennsylvania Avenue,
NW 
 Suite 220 South 
 Washington, D.C. 20004 
 Telecopier: (202) 347-1692 
 Attention:   William E. Kennard 
  
 with a copy to: 
  
 Debevoise
& Plimpton LLP 
 919 Third Avenue 
 New York, New York 10022 
 Telecopier:  (212) 909-6836 
 Attention:   Jeffrey J. Rosen 
                    Andrew L. Bab 
  
 and 
  
 Dow, Lohnes & Albertson, PLLC 
 1200 New
Hampshire Avenue, NW 
 Suite 800 
 Washington, D.C. 20036 
 Telecopier:  (202) 776-2222 
 Attention:    Leonard J. Baxt 
                     J. Kevin Mills 
  

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	 	(b)	If to the Company: 

  
 Insight Communications Company, Inc. 
 810 7th
Avenue, 41st Floor 
 New York, NY 10019 
 Telecopier:  (917) 286-2301 
 Attention:    Elliot Brecher 
  
 with a copy to: 
  
 Special Committee of the Board of Directors of 
   Insight Communications Company, Inc. 
 c/o 
 D.B. Zwirn & Co. 
 745 Fifth Avenue,
18th Floor 
 New York, New York 10151 
 Telecopier:  (646) 720-9077 
 Attention:    David C. Lee 
  
 and 
  
 Skadden, Arps, Slate, Meagher & Flom LLP 
 Four Times Square 
 New York, New York 10036 
 Telecopier:  (917) 777-3542 
 Attention:    Lou R. Kling 
                     Stephen F. Arcano 
  
 and 
  
 Sonnenschein Nath & Rosenthal LLP 
 1221 Avenue of the Americas 
 New York, New York 10020 
 Telecopier:  (212) 768-6800 
 Attention:    Robert L. Winikoff 
  
 10.
Governing Law. This Guaranty shall be governed by and construed in accordance with the laws of the State of Delaware, regardless of the laws that might otherwise govern under applicable principles of conflicts of laws thereof, except to the
extent that mandatory provisions of federal law apply. 
  
 11.
Jurisdiction and Venue; Service of Process. Each of the parties hereto hereby irrevocably and unconditionally submits, for itself and its property, to the 

  

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exclusive jurisdiction of the courts of the State of Delaware and any appellate court thereof, in any action or proceeding arising out of or relating to this
Guaranty or any of the transactions contemplated hereby or for recognition or enforcement of any judgment relating thereto, and each of the parties hereby irrevocably and unconditionally (a) agrees not to commence any such action except in
such court, (b) agrees that any claim in respect of any such action or proceeding may be heard and determined in such Delaware state court, (c) waives, to the fullest extent it may legally and effectively do so any objection which it
may now or hereafter have to venue of any such action or proceeding in any such Delaware state court, and (d) waives, to the fullest extent permitted by law, the defense of any inconvenient forum to the maintenance of such action or
proceeding in any such Delaware state court. Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner
provided by law. Each of the parties hereto irrevocably consents to service of process in any such action or proceeding in the manner provided for notices in Section 9 of this Guaranty; provided, however, that nothing in this Guaranty
shall affect the right of any party hereto to serve process in any other manner permitted by law. 
  
 12. Waiver of Jury Trial. EACH PARTY HERETO ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY THAT MAY ARISE UNDER THIS GUARANTY IS LIKELY TO INVOLVE
COMPLICATED AND DIFFICULT ISSUES, AND THEREFORE IT HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE EXTENT NOT PROHIBITED BY APPLICABLE LAW THAT CANNOT BE WAIVED, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR
INDIRECTLY ARISING OUT OF OR RELATING TO THIS GUARANTY AND ANY OF THE TRANSACTIONS CONTEMPLATED HEREBY. EACH PARTY CERTIFIES AND ACKNOWLEDGES THAT (A) NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR
OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE SUCH WAIVER, (B) IT UNDERSTANDS AND HAS CONSIDERED THE IMPLICATIONS OF SUCH WAIVER, (C) IT MAKES SUCH WAIVER VOLUNTARILY, AND (D) IT HAS
BEEN INDUCED TO ENTER INTO THIS GUARANTY BY, AMONG OTHER THINGS, THE MUTUAL WAIVER AND CERTIFICATIONS CONTAINED IN THIS SECTION 12. 
  
 13. Severability. Any term or provision of this Guaranty that is invalid or unenforceable in any jurisdiction shall, as to that jurisdiction, be
ineffective to the extent of such invalidity or unenforceability without rendering invalid or unenforceable the remaining terms and provisions of this Guaranty or affecting the validity or enforceability of any terms or provisions of this Guaranty
in any other jurisdiction so long as the economic or legal substance of the transactions contemplated hereby is not affected in 
  

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 any manner adverse to any party; provided, however, that this Guaranty may not be enforced without giving
effect to the limitation of the amount payable hereunder to the Maximum Amount provided in Section 1 hereof and to the provisions of Sections 3 and 4 hereof. No party hereto shall assert, and each party shall cause its respective Affiliates not to
assert, that this Guaranty or any part hereof is invalid, illegal or unenforceable. 
  
 14. Headings. Headings are used for reference purposes only and do not affect the meaning or interpretation of this Guaranty. 
  
 15. Parties in Interest. This Guaranty shall be binding upon and inure solely to the benefit of each party hereto and
their respective successors and permitted assigns, and nothing in this Guaranty, express or implied, is intended to or shall confer upon any other Person any rights, benefits or remedies of any nature whatsoever under or by reason of this Guaranty.

  
 [Signatures follow on next page] 
  

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 IN WITNESS WHEREOF, the undersigned have executed and delivered this Guaranty as of the date first above
written. 
  

			
	CARLYLE PARTNERS III TELECOMMUNICATIONS, L.P.
		
	By:	 	TC Group III, L.P., its General Partner
	By:	 	TC Group III, L.L.C., its General Partner
	By:	 	TC Group, L.L.C., its Managing Member
		
	By:	 	 /s/    William E. Kennard

	Name:	 	William E. Kennard
	Title:	 	Managing Director
	
	CARLYLE PARTNERS IV TELECOMMUNICATIONS, L.P.
		
	By:	 	TC Group IV, L.P., its General Partner
	By:	 	TC Group IV, L.L.C., its General Partner
	By:	 	TC Group, L.L.C., its Managing Member
		
	By:	 	 /s/    William E. Kennard

	Name:	 	William E. Kennard
	Title:	 	Managing Director
	
	INSIGHT COMMUNICATIONS COMPANY, INC.
		
	By:	 	 /s/    

	Name:	 	 
	Title:Form of First Data Corporation 1993 Director's Stock Option Plan, as amended.

 Exhibit 10.1 
  
 FIRST DATA CORPORATION 
 1993 DIRECTOR’S STOCK OPTION PLAN 
 (as amended through May 11, 2005) 
  
 1. PURPOSE. The purpose of the First Data Corporation 1993 Director’s Stock
Option Plan (the “Plan”) is to advance the interest of First Data Corporation (the “Company”) and its stockholders by encouraging increased stock ownership by members of the Board of Directors of the Company (the
“Board”) who are not employees of the Company or any of its subsidiaries, in order to promote long-term stockholder value through continuing ownership of the Company’s common stock. 
  
 2. ADMINISTRATION. The Plan shall be administered by the Compensation and Benefits
Committee of the Board (the “Committee”). The Committee shall have all the powers vested in it by the terms of the Plan, such powers to include authority (within the limitations described herein) to prescribe the form of the agreement
embodying awards of nonqualified stock options (“NQOs”) and purchased stock options (“PSOs”). The Committee shall, subject to the provisions of the Plan, grant NQOs and PSOs under the Plan and shall have the power to contrue the
Plan, to determine all questions arising thereunder and to adopt and amend such rules and regulations for the administration of the Plan as it may deem desirable. Any decisions of the Committee in the administration of the Plan, as described herein,
shall be final and conclusive. The Committee may act only by a majority of its members in office, except that the members thereof may authorize any one or more of their number or the Secretary or any other officer of the Company to execute and
deliver documents on behalf of the Committee. No member of the Committee shall be liable for anything done or omitted to be done by him or by any other member of the Committee in connection with the Plan, except for his own willful misconduct or as
expressly provided by statute. 
  
 3. PARTICIPATION. Each member of the
Board who is not an employee of the Company, any of its subsidiaries or any of its affiliates (“Non-Employee Director”) shall be eligible to receive NQOs and PSOs in accordance with Paragraphs 5 and 6 below. As used herein, the term
“subsidiary” means any corporation or other trade or business at least 50% of whose outstanding voting stock is owned, directly or indirectly, by the Company. As used herein, the term “affiliate” means any person who owns,
directly or indirectly, at least 10% of the outstanding voting stock of the Company. 
  
 4. AWARDS UNDER THE PLAN. 
  
 (a) TYPE OF
AWARDS. Awards under the Plan shall include only NQOs and PSOs, which are, in both instances, rights to purchase shares of common stock of the Company having a par value of $.01 per share (the “common stock”) which are awarded or sold,
respectively, to participants. All NQOs and PSOs are subject to terms, conditions and restrictions specified in Paragraphs 5 and 6 below. 
  
 (b) MAXIMUM NUMBER OF SHARES THAT MAY BE ISSUED. Subject to adjustment as provided in Paragraph 7 below, 2,500,000 shares of common stock shall be
available for awards under this Plan, reduced by the sum of the aggregate number of shares of common stock which become subject to outstanding NQOs and PSOs. To the extent that shares of common stock subject to an outstanding NQO or PSO are not
issued or delivered by reason of the expiration, termination, cancellation or forfeiture of such NQO or PSO, then such shares of common stock shall again be available for awards under this Plan. 
  
 (c) RIGHTS WITH RESPECT TO SHARES. A Non-Employee Director to whom an
NQO or PSO is granted (and any person succeeding to such a Non-Employee Director’s rights pursuant to the Plan) shall have no rights as a stockholder with respect to any shares of common stock issuable pursuant 

 
to any such NQO or PSO until the date of exercise of such NQO or PSO. Except as provided in Paragraph 7 below, no adjustment shall be made for dividends,
distributions or other rights (whether ordinary or extraordinary, and whether in cash, securities or other property) for which the record date is prior to the date of such exercise. 
  
 5. NONQUALIFIED STOCK OPTIONS. Each NQO granted under the Plan shall be evidenced by an agreement in such form as the Committee shall
prescribe from time to time in accordance with the Plan and shall comply with the following terms and conditions: 
  
 (a) The NQO exercise price shall be the fair market value of the common stock subject to such NQO on the date the NQO is granted, which shall be equal to
the greater of (i) the average of the high and low transaction prices of a share of common stock as reported in the New York Stock Exchange Composite Transactions Tape on the date the NQO is granted (or, if there are no reported transactions for
such date, on the next preceding date for which transactions were reported), or (ii) the average of the closing prices of a share of common stock on each trading day within the 30 calendar day period ending on the date of grant as reported on the
New York Stock Exchange Composite Transactions Tape. 
  
 (b) Each
person who becomes a Non-Employee Director shall be granted on the date such person commences services as a Non-Employee Director (or as soon as practicable after such date), NQOs for 10,000 shares of common stock (the “Initial Grant”). On
the date of each annual meeting of the stockholders of the Company (a “Stockholder’s Meeting”) occurring after the Initial Grant (or as soon as practicable after such date), each such person who is a Non-Employee Director immediately
after such meeting shall be granted NQOs for 4,000 shares of common stock. Notwithstanding the foregoing, (i) each person who was eligible to receive NQOs under this Plan in 1993 shall be granted NQOs for 14,000 shares of common stock on the date of
the third and seventh Stockholders’ Meetings following the Initial Grant (or as soon as practicable after such date), provided such person is a Non-Employee Director immediately after such meetings and (ii) each person who became or becomes
eligible to receive NQOs under this Plan after 1993 shall be granted NQOs for 14,000 shares of common stock on the date of the fourth annual Stockholder’s Meeting following the Initial Grant (or as soon as practicable after such date) and on
the date of the Stockholder’s Meeting occurring every third year after such fourth Stockholder’s Meeting (or as soon as practicable after each such date), provided such person is a Non-Employee Director immediately after each such meeting.
The grants of NQOs for 14,000 shares of common stock shall be in lieu of the grants for 4,000 shares which would otherwise be made at the same time. Each Non-Employee Director who at the request of the Company is appointed to serve on the governing
board of an entity in which the Company has a significant ownership or business interest shall be granted NQOs for 2,000 shares of common stock on the date of approval of such appointment by the Committee (or as soon as practicable after such date).
As long as such Non-Employee Director continues to serve, at the request of the Company, on the governing board of such an entity, such Non-Employee Director shall be granted NQOs for 2,000 shares of common stock on the date of each annual
anniversary of such appointment (or as soon as practicable after such date). 
  
 (c) Except for transfers by the Non-Employee Director to certain family members as determined by the Committee, the NQO shall not be transferable by the optionee other than by will or the laws of descent and
distribution, and shall be exercisable during a Non-Employee Director’s lifetime only by the Non-Employee Director; and 
  
 (d) The NQO shall not be exercisable: 
  
 (i) after the expiration of ten years from the date it is granted, and may be exercised during such period as follows: for a NQO granted
prior to March 7, 2001, one-fourth (25%) of the 

 
total number of shares of common stock covered by the NQO shall become exercisable each year beginning with the first anniversary of the date it is granted,
except as provided in Subparagraph (d)(iii)(B) in the event of the death of the Non-Employee Director; and for a NQO granted on or after March 7, 2001, 100% of the total number of shares of common stock covered by the NQO shall become exercisable on
the date it is granted; 
  
 (ii) unless payment
in full is made for the shares of common stock being acquired thereunder at the time of exercise, which payment shall be made 
  
 (A) in United States dollars by cash or check, or 
  
 (B) in lieu thereof, by tendering to the Company shares of common stock owned by the person exercising the
NQO and having a fair market value equal to the cash exercise price applicable to such NQO, such fair market value to be equal to the greater of (1) the average of the high and low transaction prices of a share of common stock as reported in the New
York Stock Exchange Composite Transactions Tape on the date the NQO is granted (or, if there are no reported transactions for such date, on the next preceding date for which transactions were reported), or (2) the average of the closing prices of a
share of common stock on each trading day in the 30 calendar day period ending on the date of exercise as reported on the New York Stock Exchange Composite Transactions Tape; or 
  
 (C) by a combination of United States dollars and shares of common stock as aforesaid; and 
  
 (iii) unless the person exercising the NQO at all times
during the period beginning with the date of grant of the NQO and ending on the date of such exercise, has been a Non-Employee Director, or otherwise has performed services for the Company or any of its subsidiaries or affiliates (as defined in
Paragraph 3), except that: 
  
 (A) if such person
shall cease to be a Non-Employee Director or cease to perform such services for reasons other than death, disability or Retirement while holding a NQO that has not expired and has not been fully exercised, unless otherwise determined by the
Committee, such person may exercise the NQO with respect to any shares of common stock as to which such person could have exercised the NQO on the date such person ceased to be a Non-Employee Director or ceased to perform such services, or with
respect to a greater number of shares as determined by the Committee, as follows: for a NQO granted prior to March 7, 2001, at any time within 120 days of the date the person ceased to be such a Non-Employee Director or ceased to perform such
services (but in no event after the NQO has expired under the provisions of Subparagraph 5(d)(i) above); and for a NQO granted on or after March 7, 2001, at any time before the NQO expires in accordance with the provisions of Subparagraph 5(d)(i)
above; or 
  
 (B) if a Non-Employee Director to
whom a NQO has been granted shall die while holding a NQO that has not expired and has not been fully exercised, such person’s executors, administrators, heirs or distributees, as the case may be, may exercise the NQO with respect to the total
number of shares covered by the NQO, as follows: for a NQO granted prior to March 7, 2001, at any time within one year after the date of such death (but in no event after the NQO has expired under the provisions of Subparagraph 

 
5(d)(i) above); and for a NQO granted on or after March 7, 2001, at any time before the NQO expires in accordance with the provisions of Subparagraph 5(d)(i)
above; or 
  
 (C) if a Non-Employee Director to
whom a NQO has been granted shall become disabled (as determined by the Committee) while holding a NQO that has not expired and has not been fully exercised, such person may exercise the NQO with respect to any shares of common stock as to which
such person could have exercised the NQO on the date of the onset of disability or which become exercisable within the three year period after the date of the onset of disability, or with respect to a greater number of shares as determined by the
Committee, as follows: for a NQO granted prior to March 7, 2001, at any time within three years after the date of the onset of such disability (but in no event after the NQO has expired under the provisions of Subparagraph 5(d)(i) above); and for a
NQO granted on or after March 7, 2001, at any time before the NQO expires in accordance with the provisions of Subparagraph 5(d)(i) above; or 
  
 (D) if a Non-Employee Director to whom a NQO has been granted shall terminate service as a Non-Employee Director due to Retirement, which
for purposes of this subparagraph (d)(iii)(D) shall mean after at least 60 months of continuous service on the Board and on or after the date the Non-Employee Director attains age 60, and while holding a NQO that has not expired and has not been
fully exercised, such person may exercise the NQO with respect to any shares of common stock as to which such person could have exercised the NQO on the date of such Retirement, or with respect to a greater number of shares as determined by the
Committee, as follows: for a NQO granted prior to March 7, 2001, at any time within 120 days of the date of termination due to Retirement (but in no event after the NQO has expired under the provisions of Subparagraph 5(d)(i) above); and for a NQO
granted on or after March 7, 2001, at any time before the NQO expires in accordance with the provisions of Subparagraph 5(d)(i) above. 
  
 6. PURCHASED STOCK OPTIONS. Each PSO purchased under the Plan shall be evidenced by an agreement in such form as the Committee shall prescribe from time to time in
accordance with the Plan. Except as set forth below, PSOs shall be governed by the terms and conditions governing NQOs; 
  
 (a) The PSO exercise price shall be an amount equal to the fair market value of the shares of common stock subject to such PSO on the date such PSO is
purchased as described in Subparagraph 6(d) below, which shall be equal to the greater of (i) the average of the high and low transaction prices of a share of common stock as reported in the New York Stock Exchange Composite Transactions Tape on the
date the PSO is purchased (or, if there are no reported transactions for such date, on the next preceding date for which transactions were reported), or (ii) the average of the closing prices of a share of common stock on each trading day in the 30
calendar day period ending on the date of such purchase as reported on the New York Stock Exchange Composite Transactions Tape; 
  
 (b) The PSO purchase price shall be an amount equal to twenty-five (25%) percent of the PSO exercise price; 
  
 (c) Each calendar year, each person who is a Non-Employee Director shall be
entitled to purchase PSOs entitling such Non-Employee Director to purchase a maximum number of shares of common stock equal to the nearest whole number determined by a fraction, the numerator of which is equal to the dollar value of the annual
retainer to which such Non-Employee Director would be entitled during such year and the denominator of which is equal to the PSO purchase price. 

 (d) Each Non-Employee Director who desires to purchase PSOs shall make an election, prior to a date set
by the Committee which shall be prior to the beginning of a year to forgo part or all of his annual retainer for such year in exchange for PSOs. If no election is made, the election in place for the preceding year shall be deemed to continue in
effect. The Board of Directors or the Committee or the delegate of either shall approve the PSO purchase and the date of purchase shall be the date of such approval. 
  
 (e) If a PSO is purchased prior to March 7, 2001, the PSO shall not be exercisable after the expiration of five years from
the date it first become exercisable, and may be exercised during such period as follows: one-third (33 1/3%) of the total number of shares of common stock covered by the PSO shall become exercisable each year beginning with the first anniversary of
the date it is purchased, as described in Subparagraph 6(c), except as provided in Subparagraph 6(f)(ii) in the event of the death of the Non-Employee Director. If a PSO is purchased on or after March 7, 2001, the PSO shall not be exercisable after
the expiration of ten years from the date it first becomes exercisable, and may be exercised during such period as follows: 100% of the total number of shares of common stock covered by the PSO shall become exercisable on the date it is purchased,
as described in Subparagraph 6(c); 
  
 (f) The PSO shall not be
exercisable unless the person exercising the PSO at all times during the period beginning with the date of purchase of the PSO and ending on the date of such exercise, has been a Non-Employee Director, or otherwise has performed services for the
Company or any of its subsidiaries or affiliates (as defined in paragraph 3), except that: 
  
 (i) if such person shall cease to be a Non-Employee Director or cease to perform such services for reasons other than death, disability or
Retirement while holding a PSO that has not expired and has not been fully exercised, unless otherwise determined by the Committee, such person may exercise the PSO with respect to any shares of common stock as to which such person could have
exercised the PSO on the date such person ceased to be a Non-Employee Director or ceased to perform such services, or with respect to a greater number of shares as determined by the Committee, as follows: for a PSO granted prior to March 7, 2001, at
any time within 120 days of the date the person ceased to be such a Non-Employee Director or ceased to perform such services (but in no event after the PSO has expired under the provisions of Subparagraph 6(e) above); and for a PSO granted on or
after March 7, 2001, at any time before the PSO expires in accordance with the provisions of Subparagraph 6(e) above; and, solely with respect to a PSO granted prior to March 7, 2001: 
  
 (A) in the event that the PSO exercise price is less than the fair market value of the shares of common
stock at the time such person ceases to be a Non-Employee Director, such person shall be entitled to receive the PSO purchase price plus simple interest credited at the 10 year U.S. Government Treasury Bond Rate from the PSO purchase date to the
date such person ceases to be a Non-Employee Director for all shares of common stock for which the PSO is not then exercisable; and 
  
 (B) in the event that the PSO exercise price is greater than the fair market value of the shares of common stock at the time such person
ceases to be a Non-Employee Director, the PSO that is not then exercisable shall lapse and such person shall not be entitled to a return of the PSO purchase price with respect to shares of common stock for which the PSO is not then exercisable; or

  
 (ii) if a Non-Employee Director to whom a PSO
has been granted shall die while holding a PSO that has not expired and has not been fully exercised, such person’s executors, 

 
administrators, heirs or distributees, as the case may be, may exercise the PSO with respect to the total number of shares covered by the PSO, as follows:
for a PSO granted prior to March 7, 2001, at any time within one year after the date of such death (but in no event after the PSO has expired under the provisions of Subparagraph 6(e) above); and for a PSO granted on or after March 7, 2001, at any
time before the PSO expires in accordance with the provisions of Subparagraph 6(e) above; or: 
  
 (iii) if a Non-Employee Director to whom a PSO has been granted shall become disabled (as determined by the Committee) while holding a PSO
that has not expired and has not been fully exercised, such person may exercise the PSO with respect to any shares of common stock as to which such person could have exercised the PSO on the date of the onset of disability or which become
exercisable within the three year period after the date of the onset of disability, or with respect to a greater number of shares as determined by the Committee, as follows: for a PSO granted prior to March 7, 2001, at any time within three years
after the date of the onset of such disability (but in no event after the PSO has expired under the provisions of Subparagraph 6(e) above); and for a PSO granted on or after March 7, 2001, at any time before the PSO expires in accordance with the
provisions of Subparagraph 6(e) above; or 
  
 (iv) if a Non-Employee Director to whom a PSO has been granted shall terminate service as a Non-Employee Director due to Retirement, which for purposes of this Subparagraph (f)(iv) shall mean after at least 60 months of continuous service
on the Board and on or after the date the Non-Employee Director attains age 60, and while holding a PSO that has not expired and has not been fully exercised, such person may exercise the PSO with respect to any shares of common stock as to which
such person could have exercised the PSO on the date of such Retirement, or with respect to a greater number of shares as determined by the Committee, as follows: for a PSO granted prior to March 7, 2001, at any time within 120 days of the date of
termination due to Retirement (but in no event after the PSO has expired under the provisions of Subparagraph 6(e) above); and for a PSO granted on or after March 7, 2001, at any time before the PSO expires in accordance with the provisions of
Subparagraph 6(e) above. 
  
 7. DILUTION AND OTHER ADJUSTMENTS. In the
event of any stock split, stock dividend, split-up, spin-off, recapitalization, merger, consolidation, reorganization, combination or exchange of shares, a sale by the Company of all or part of its assets, any distribution to stockholders, other
than a regular cash dividend, or other similar change in capitalization or change in the common stock, the number and kind of shares or other securities that may be issued under the Plan pursuant to Subparagraphs 4(b) and 5(b) above, and the number
and kind of shares or other securities subject to, and the exercise price per share under, all outstanding NQOs or PSOs shall be appropriately adjusted by the Committee; such adjustment in outstanding NQOs and PSOs shall be made without change in
the total NQO and PSO exercise price applicable to the unexercised portion of such NQOs and PSOs and with an adjustment in the NQO and PSO exercise price per share, and such adjustment shall be conclusive and binding for all purposes of the Plan.

  
 8. MISCELLANEOUS PROVISIONS. 
  
 (a) Except as expressly provided for in the Plan, no Non-Employee Director or
other person shall have any claim or right to be granted an NQO or PSO under the Plan. Neither the Plan nor any action taken hereunder shall be construed as giving any Non-Employee Director any right to be retained in the service of the Company.

 (b) Except for transfers by the Non-Employee Director to certain family members as determined by the
Committee, a participant’s rights and interest under the Plan may not be assigned or transferred, hypothecated or encumbered in whole or in part either directly or by operation of law or otherwise (except in the event of a participant’s
death, by will or the laws of descent or distribution), including, but not by way of limitation, execution, levy, garnishment, attachment, pledge, bankruptcy or in any other manner, and no such right or interest of any participant in the Plan shall
be subject to any obligation or liability of such participant. 
  
 (c) No shares of common stock shall be issued hereunder unless counsel for the Company shall be satisfied that such issuance will be in compliance with applicable federal, state, local and foreign securities, securities exchange and other
applicable laws and requirements. 
  
 (d) It shall be a condition
to the obligation of the Company to issue shares of common stock upon exercise of an NQO or PSO, that the participant (or other beneficiary or person entitled to act under Subparagraph 5(d)(iii)(B) or 6(f) above) pay to the Company, upon its demand,
such amount as may be requested by the Company for the purpose of satisfying any liability to withhold federal, state, local or foreign income or other taxes. If the amount requested is not paid, the Company may refuse to issue such shares.

  
 (e) The expense of the Plan shall be borne by the Company.

  
 (f) The Plan shall be unfunded. The Company shall not be
required to establish any special or separate fund or to make any other segregation of assets to assure the issuance of shares upon exercise of NQOs or PSOs under the Plan, and rights to the issuance of shares upon exercise of NQOs or PSOs shall be
subordinate to the claims of the Company’s general creditors. 
  
 (g) By accepting any NQO or PSO or other benefit under the Plan, each participant and each person claiming under or through him shall be conclusively deemed to have indicated his acceptance and ratification of, and consent to, any action
taken under the Plan by the Company or the Board. 
  
 (h) The
masculine pronoun means the feminine and the singular means the plural in the Plan, wherever appropriate. 
  
 (i) The appropriate officers of the Company shall cause to be filed any reports, returns or other information regarding NQOs or PSOs hereunder or any
shares of common stock issued pursuant hereto as may be required by Section 13 or 15(d) of the securities Exchange Act of 1934, as amended, or any other applicable statute, rule or regulation. 
  
 (j) Notwithstanding any other provision in this Plan to the contrary and
subject to Paragraph 7 of this Plan, neither the Committee nor the Board shall, without stockholder approval, amend the terms of any outstanding NQO or PSO in order to reduce the exercise price of such NQO or PSO. 
  
 9. AMENDMENT OR DISCONTINUANCE. The Plan may be amended at any time and from time to
time by the Board as the Board shall deem advisable. No amendment of the Plan shall materially and adversely affect any right of any participant with respect to any NQO or PSO theretofore granted without such participant’s written consent.

  
 10. TERMINATION. The Plan shall terminate upon the earlier of the
following dates or events to occur: (a) upon the adoption of a resolution of the Board terminating the Plan; or (b) ten years from the date the Plan is approved and adopted by shareholders of the Company in accordance with Paragraph 11 

 
below. No termination of the Plan shall materially and adversely affect any of the rights and obligations of any person, without his consent, under any NQO
or PSO theretofore granted under the Plan. 
  
 11. STOCKHOLDER APPROVAL AND
ADOPTION. The Plan shall be submitted to the stockholders of the Company for their approval and adoption on or before the 2001 Stockholder’s Meeting. The effective date set forth herein and any awards granted hereunder shall be subject to
such stockholder approval. The stockholders shall be deemed to have approved and adopted the Plan only if it is approved and adopted at a meeting of the stockholders duly held on or before that date (or any adjournment of said meeting occurring
subsequent to such date) by vote taken in the manner required by the laws of the State of Delaware. In the event that the Plan is not approved by the stockholders of the Company, the Plan and any awards hereunder shall be void and of no force or
effect.

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