Document:

<PAGE>

                                                                EXHIBIT 10(l)(3)

                                SECOND AMENDMENT
                    TO THE BANKNORTH GROUP, INC. 401(k) PLAN

        The Banknorth Group, Inc. 401(k) Plan (the "Plan") was last amended and
restated effective generally January 1, 2001, and further amended by a First
Amendment effective as of the dates stated therein. The Plan shall be further
amended as set forth herein.

        This Second Amendment is adopted to reflect certain provisions of the
Economic Growth and Tax Relief Reconciliation Act of 2001 ("EGTRRA") and for
other purposes. Item 2 of this amendment is intended as good faith compliance
with the requirements of EGTRRA and are to be construed in accordance with
EGTRRA and the guidance issued thereunder. This Second Amendment shall supersede
the provisions of the Plan to the extent those provisions are inconsistent with
this amendment.

        1.      The terms used in this Second Amendment shall have the meanings
set forth in the Plan unless the context indicates otherwise.

EGTRRA AMENDMENT

        2.      Article XIX shall be amended by adding the following sections at
the end thereof:

                19.05 Maximum Annual Addition. Effective for Limitation Years
        beginning after December 31, 2001, and except to the extent permitted
        under Section 19.04 and Code Section 414(v), the Annual Addition that
        may be contributed or allocated to a Participant's Aggregate Account
        under the Plan for any Limitation Year shall not exceed the lesser of
        (a) $40,000, as adjusted for increases in the cost-of-living under Code
        Section 415(d), or (b) 100% of the Participant's Section 415
        Compensation for the Limitation Year. The compensation limit referred to
        in (b) shall not apply to any contribution for medical benefits after
        severance from employment (within the meaning of Code Sections 401(h) or
        419A(f)(2)) which is otherwise treated as an Annual Addition.

                19.06 Modification of Top-Heavy Rules.

                (a)     Effective Date. This Section shall apply for purposes of
        determining whether the Plan is a top-heavy plan under Code Section
        416(g) for Plan Years beginning after December 31, 2001, and whether the
        Plan satisfies the minimum benefits requirements of Code Section 416(c)
        for such years. This Section amends Article XVII.

                (b)     Determination Of Top-Heavy Status.

                        (i)     Key Employee. Key employee means any employee or
                former employee (including any deceased employee) who at any
                time during the Plan Year that includes the determination date
                was an officer of the Employer having annual Section 415
                Compensation greater than $130,000 (as adjusted under Code
                Section 416(i)(1) for Plan Years beginning after December 31,
                2002), a 5-percent owner of the employer, or a 1-percent

<PAGE>

                owner of the employer having annual Section 415 Compensation of
                more than $150,000. The determination of who is a key employee
                will be made in accordance with Code Section 416(i)(1) and the
                applicable regulations and other guidance of general
                applicability issued thereunder.

                        (ii)    Determination Of Present Values And Amounts.
                This clause (ii) shall apply for purposes of determining the
                present values of accrued benefits and the amounts of account
                balances of employees as of the determination date.

                                (A)     Distributions During Year Ending On The
                        Determination Date. The present values of accrued
                        benefits and the amounts of account balances of an
                        employee as of the determination date shall be increased
                        by the distributions made with respect to the employee
                        under the plan and any plan aggregated with the plan
                        under Code Section 416(g)(2) during the 1-year period
                        ending on the determination date. The preceding sentence
                        shall also apply to distributions under a terminated
                        plan which, had it not been terminated, would have been
                        aggregated with the plan under Code Section
                        416(g)(2)(A)(i). In the case of a distribution made for
                        a reason other than separation from service, death, or
                        disability, this provision shall be applied by
                        substituting 5-year period for 1-year period.

                                (B)     Employees Not Performing Services During
                        Year Ending On The Determination Date. The accrued
                        benefits and accounts of any individual who has not
                        performed services for the employer during the 1-year
                        period ending on the determination date shall not be
                        taken into account.

                (c)      Minimum Benefits.

                        (i)     Matching Contributions. Employer matching
                contributions shall be taken into account for purposes of
                satisfying the minimum contribution requirements of Code Section
                416(c)(2) and the Plan. The preceding sentence shall apply with
                respect to matching contributions under the Plan or, if the Plan
                provides that the minimum contribution requirement shall be met
                in another plan, such other plan. Employer matching
                contributions that are used to satisfy the minimum contribution
                requirements shall be treated as matching contributions for
                purposes of the actual contribution percentage test and other
                requirements of Code Section 401(m).

                        (ii)    Contributions Under Other Plans; Minimum
                Benefits for Employees Also Covered Under Another Plan.
                Notwithstanding the foregoing, the provisions of Section
                17.03(b) regarding a Participant who is a participant in another
                defined contribution plan sponsored by the Company or an
                Affiliate and/or who is a Participant in a defined benefit plan

                                       2
<PAGE>

                sponsored by the Company or an Affiliate are incorporated herein
                by reference.

                19.07   Direct Rollover of Plan Distributions. Effective for
        distributions made after December 31, 2001:

                (a)     Modification Of Definition Of Eligible Retirement Plan.
        For purposes of the direct rollover provisions in Section 10.10, an
        "eligible retirement plan" shall also mean an annuity contract described
        in section 403(b) of the Code and an eligible plan under section 457(b)
        of the Code which is maintained by a state, political subdivision of a
        state, or any agency or instrumentality of a state or political
        subdivision of a state and which agrees to separately account for
        amounts transferred into such plan from this plan. The definition of
        eligible retirement plan shall also apply in the case of a distribution
        to a surviving spouse, or to a spouse or former spouse who is the
        alternate payee under a qualified domestic relation order, as defined in
        Code Section 414(p).

                (b)     Modification of Definition of Eligible Rollover
        Distribution To Exclude Hardship Distributions. For purposes of the
        direct rollover provisions in Section 10.10, any amount that is
        distributed on account of hardship shall not be an Eligible Rollover
        Distribution and the distributee may not elect to have any portion of
        such a distribution paid directly to an eligible retirement plan.

                (c)     Modification Of Definition Of Eligible Rollover
        Distribution To Include After-Tax Employee Contributions. For purposes
        of the direct rollover provisions in Section 10.10, a portion of a
        distribution shall not fail to be an Eligible Rollover Distribution
        merely because the portion consists of after-tax employee contributions
        which are not includible in gross income. However, such portion may be
        transferred only to an individual retirement account or annuity
        described in Code Section 408(a) or (b), or to a qualified defined
        contribution plan described in Code Section 401(a) or 403(a) that agrees
        to separately account for amounts so transferred, including separately
        accounting for the portion of such distribution which is includible in
        gross income and the portion of such distribution which is not so
        includible.

                19.08   Repeal of Multiple Use Test. The multiple use test
        described in Treasury Regulation Section 1.401(m)-2 and Sections 3.04
        and 4.03 of the Plan shall not apply for Plan Years beginning after
        December 31, 2001.

SAFE HARBOR PLAN DESIGN

        3.      The Plan shall be amended by adding the following Article XX
thereto.

        ARTICLE XX      SAFE HARBOR PLAN DESIGN

                20.01   Effective Date. This Article shall be effective for Plan
        Years beginning on or after January 1, 2003, and, on and after such
        date, shall supercede

                                       3
<PAGE>

        any other provisions of the Plan to the extent those provisions are
        inconsistent with the provisions of this Article.

                20.02   Current Year Testing Method. Pursuant to IRS Notice
        98-1, the Company shall apply Sections 3.04 and 4.03 by substituting the
        phrase "such Plan Year" for the phrase "the preceding Plan Year" in
        order to use the current year-testing method under Code Sections
        401(k)(3)(A) and 401(m)(2)(A) for Plan Years beginning after December
        31, 2002.

                20.03   Rules for Salary Deferral Contributions. For purposes of
        Section 3.04 and Code Sections 401(a)(4) and 410(b), the Salary Deferral
        Contributions portion of the Plan benefiting Participants who have
        completed one Year of Service ("Safe Harbor Deferral Portion) shall be
        disaggregated from the Salary Deferral Contributions portion of the Plan
        benefiting Participants who have not completed one Year of Service
        ("Early Participant Deferral Portion").

                The Safe Harbor Deferral Portion of the Plan shall be treated as
        meeting the requirements of Section 3.04(a) with respect to any Plan
        Year for which such portion of the Plan meets the requirements of Code
        Section 401(k)(12). In the event Section 4.01(a) is amended to reduce or
        eliminate Matching Contributions during a Plan Year such that the
        contribution requirements of Code Section 401(k)(12)(B) cease to be
        satisfied, Section 3.04(a) and Section 4.03(a) shall apply to the Safe
        Harbor Deferral Portion of the Plan with respect to the entire Plan
        Year.

                Notwithstanding Section 1.02, for purposes of determining
        whether the Early Participant Deferral Portion of the Plan meets the
        requirements of Section 3.04(a) with respect to any Plan Year, the
        Actual Deferral Percentage shall be calculated by taking into account
        only Participants who have not completed one Year of Service for the
        part of the Plan Year during which they benefited under the Early
        Participant Deferral Portion and by excluding (a) the Salary Deferral
        Contributions (plus, at the election of the Company, any Qualified
        Nonelective Contributions) made on behalf of such Participants for any
        part of the Plan Year during which they benefited under the Safe Harbor
        Deferral Portion of the Plan and (b) such Participants' Earnings for any
        part of the Plan Year during which they benefited under the Safe Harbor
        Deferral Portion of the Plan.

                20.04   Rules for Matching Contributions. For purposes of
        Section 4.03 and Code Sections 401(a)(4) and 410(b), the Matching
        Contributions portion of the Plan benefiting Participants who have
        completed one Year of Service ("Safe Harbor Match Portion) shall be
        disaggregated from the Matching Contributions portion of the Plan
        benefiting Participants who have not completed one Year of Service
        ("Early Participant Match Portion").

                The Safe Harbor Match Portion of the Plan shall be treated as
        meeting the requirements of Section 4.03(a) with respect to any Plan
        Year for which such portion of the Plan meets the requirements of Code
        Section 401(m)(11). In the event

                                       4
<PAGE>

        Section 4.01(a) is amended to reduce or eliminate Matching Contributions
        during a Plan Year such that the contribution requirements of Code
        Sections 401(k)(12)(B) and 401(m)(11) cease to be satisfied, Section
        4.03(a) shall apply to the Safe Harbor Portion of the Plan with respect
        to the entire Plan Year.

                Notwithstanding Section 1.06, for purposes of determining
        whether the Early Participant Match Portion of the Plan meets the
        requirements of Section 4.03(a) with respect to any Plan Year, the
        Average Contribution Percentage shall be calculated by taking into
        account only Participants who have not completed one Year of Service for
        the part of the Plan Year during which they benefited under the Early
        Participant Match Portion and by excluding (a) the Matching
        Contributions (plus, at the election of the Company, any Salary Deferral
        or Discretionary Contributions that may be taken into account) made on
        behalf of such Participants for any part of the Plan Year during which
        they benefited under the Safe Harbor Match Portion of the Plan and (b)
        such Participants' Earnings for any part of the Plan Year during which
        they benefited under the Safe Harbor Match Portion of the Plan.

                If the Plan is amended to reduce or eliminate Company Matching
        Contributions during the Plan Year, such reduction or elimination shall
        be effective no earlier than the later of 30 days after the date the
        supplemental notice described in Section 20.05 is provided to Eligible
        Employees and the date such amendment is adopted.

                20.05   Notice of Rights and Obligations. No earlier than 90
        days and no later than 30 days before the beginning of each Plan Year,
        the Plan Administrator shall provide each Eligible Employee who meets
        the participation requirements of Section 2.01(a) with a written notice
        of his or her rights and obligations under the Plan. Notwithstanding the
        foregoing to the contrary, with respect to an Eligible Employee who does
        not receive the notice within the period described in the preceding
        sentence because he or she becomes eligible to participate in the Plan
        after the 90th day before the beginning of the Plan Year, the Plan
        Administrator shall provide such notice during the 90-day period ending
        on the date such Employee meets the participation requirements of
        Section 2.01(a). The notice shall meet the content requirement of
        Section V.C. of IRS Notice 98-52, as modified by Q&A-8 of Section III of
        IRS Notice 2000-3 and any subsequent guidance.

                In the event Section 4.01(a) is amended to reduce or eliminate
        Matching Contributions during a Plan Year, the Plan Administrator shall
        provide each Eligible Employee who meets the participation requirements
        of Section 2.01(a) with a supplemental notice that (a) explains the
        consequences of the amendment, (b) discloses the effective date of the
        reduction or elimination of Matching Contributions and (c) discloses
        that he or she has a reasonable opportunity (including a reasonable
        period) prior to the reduction or elimination of Matching Contributions
        to change his or her Salary Deferral election.

                                       5
<PAGE>

                In lieu of providing any notice described in this Section to an
        Eligible Employee on a written paper document, the Plan Administrator
        may provide such notice through an electronic medium that is reasonably
        accessible to the Eligible Employee, provided the system under which the
        electronic notice is provided satisfies the requirements of Q&A-7 of
        Section III of IRS Notice 2000-3.

                20.06 Safe Harbor Matching Contribution Account. Effective for
        Plan Years to which this Article applies, the Trustee shall assure that
        each Participant's Aggregate Account separately reflects the balance of
        such account attributable to Matching Contributions paid for such years.

                20.07   Limitation on Hardship Withdrawals. Notwithstanding
        Section 8.02, a Participant's Safe Harbor Matching Contributions Account
        shall be excluded from the accounts available for a hardship withdrawal
        distribution.

MISCELLANEOUS

        4.      The first sentence of Section 1.18 shall be corrected to read as
follows: "'Earnings' means the total compensation paid by the Company to the
Employee for services rendered that constitutes wages as defined in Section
3401(a) of the Code and all other payments made by the Company to an Employee
for services rendered for which the Company is required to furnish the Employee
a written statement under Sections 6041(d), 6051(a)(3) and 6052 of the Code,
without regard to any rules under Section 3401(a) of the Code that limit the
remuneration included in wages based on the nature or location of the employment
or service performed."

        5.      The table appearing in Section 1.61(c) shall be amended by the
addition of the following entry at the end thereof:

<TABLE>
<CAPTION>
        Organization                                Acquisition Date                   Effective Date
        ------------                                ----------------                   --------------
        <S>                                         <C>                                <C>

        Arthur A. Watson & Company, Inc.            September 30, 2000                 January 1, 2003
</TABLE>

        6.      Section 2.01(b) shall be amended to read in its entirety as
follows:

                (b)     Company Contributions. Each Eligible Employee shall
        become a Participant with respect to Company Contributions on the first
        day of the Calendar Quarter coincident with or next following his or her
        completion of one Year of Service.

                Notwithstanding the foregoing to the contrary, the following
        special rule shall be effective for the Plan Year beginning January 1,
        2003 ("2003 Plan Year"). Each Eligible Employee who (i) was an eligible
        employee under either the Morse Payson & Noyes Incentive Savings Plan or
        the Arthur A. Watson & Company, Inc. Employees' Master Retirement Plan
        on the day immediately preceding such plan's Plan Affiliation Date; (ii)
        is credited with less than one Year of Service as of the Plan
        Affiliation Date; and (iii) is not a Highly Compensated Employee for the
        2003 Plan Year, shall become a Participant with respect to Company
        Contributions on the first day of the Calendar Quarter coincident with

                                       6
<PAGE>

        or next following his or her completion of six months of service. This
        special rule shall apply only for the 2003 Plan Year, and shall be of no
        force or effect on and after January 1, 2004.

        7.      Section 3.01(a) shall be amended to read in its entirety as
follows:

                (a)     A Participant may elect to defer between one percent
        (1%) and fifty percent (50%) of his or her Earnings while a Participant,
        in increments of one percent (1%).

        8.      Section 3.01(c) shall be amended to read in its entirety as
follows:

                (c)     A Participant may increase or decrease the amount of his
        or her Salary Deferrals during the Plan Year. If a request for change is
        received by the Plan Administrator between the first day of a Calendar
        Quarter and the 15th day of the month immediately preceding the first
        day of the next Calendar Quarter, then the change in deferral percentage
        shall be effective as of the first day of the Calendar Quarter
        immediately following its receipt. If the request for change is received
        by the Plan Administrator after the 15th day of the month immediately
        preceding the first day of a Calendar Quarter, and on or before the 15th
        day of the month immediately preceding the first day of the next
        Calendar Quarter, then the change in deferral percentage shall be
        effective as of the first day of such next Calendar Quarter.

        9.      The Appendix to the Plan shall be amended by inserting the
following text before the first paragraph thereof:

                The following table identifies Predecessor Plans that were
        merged into this Plan after January 1, 2001. The provisions of each
        Predecessor Plan remaining in effect solely with respect to a
        Participant's Predecessor Plan Account in accordance with Article XIV
        hereof shall be the provisions of each such plan as of the Plan
        Affiliation Date set forth below, except as is otherwise specifically
        provided in this Plan to the contrary.

<TABLE>
<CAPTION>
Predecessor Plan                                                         Plan Affiliation Date
----------------                                                         ---------------------
<S>                                                                      <C>
Morse Payson & Noyes Incentive Savings Plan                              December 31, 2002
Arthur A. Watson & Company, Inc. Employees' Master Retirement Plan       December 31, 2002
</TABLE>

        10.     Item 2 of this Second Amendment shall be effective as of the
dates stated therein. Item 3 shall be effective January 1, 2003. Item 4 shall be
effective January 1, 2001, as if originally included in the amendment and
restatement of the Plan as of such date. Items 5 through 9 shall be effective
January 1, 2003.

                                       7
<PAGE>

        IN WITNESS WHEREOF, to record the adoption of this Second Amendment,
Banknorth Group, Inc. has caused this instrument to be executed by its duly
authorized officer this day of _______________________, 2002.

                                     BANKNORTH GROUP, INC.

                                     By
                                       -----------------------------------------
                                     Its

                                       8<PAGE>

                                                                   EXHIBIT 10(m)

                              BANKNORTH GROUP, INC.
                           1996 EQUITY INCENTIVE PLAN
              (AS AMENDED AS OF OCTOBER 22, 2002 AND AS ADJUSTED TO
                      REFLECT A 2 FOR 1 SPLIT OF THE SHARES
                             EFFECTIVE MAY 18, 1998)

SECTION 1. Purpose. The purposes of the Banknorth Group, Inc. 1996 Equity
Incentive Plan are to promote the interests of Banknorth Group, Inc. and its
stockholders by (i) attracting and retaining exceptional executive personnel and
other key employees of the Company and its Affiliates; (ii) motivating such
employees by means of performance-related incentives to achieve long-range
performance goals; and (iii) enabling such employees to participate in the
long-term growth and financial success of the Company.

SECTION 2. Definitions. As used in the Plan, the following terms shall have the
meanings set forth below:

        "Affiliate" shall mean (i) any entity that, directly or indirectly, is
controlled by the Company and (ii) any entity in which the Company has a
significant equity interest, in either case as determined by the Committee.

        "Award" shall mean any Option, Stock Appreciation Right, Restricted
Stock Award, Performance Award or Other Stock-Based Award.

        "Award Agreement" shall mean any written agreement, contract or other
instrument or document evidencing any Award, which may, but need not, be
executed or acknowledged by a Participant.

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

        "Change in Control" shall mean a change in control of a nature that
would be required to be reported in response to Item 6(e) of Schedule 14A of
Regulation 14A promulgated under the Exchange Act or any successor thereto,
provided that, without limiting the foregoing, a change in control also shall
mean the occurrence of any of the following events:

                (i)     any "person" (as defined in Section 3(a)(9) of the
        Exchange Act) or "group" of persons (as provided under Rule 13d-3 under
        the Exchange Act) is or becomes the "beneficial owner" (as defined in
        Rule 13d-3 or otherwise under the Exchange Act), directly or indirectly
        (including as provided in Rule 13d-3(d)(1) under the Exchange Act), of
        capital stock of the Company the holders of which are entitled to vote
        for the election of directors ("voting stock") representing that
        percentage of the Company's then outstanding voting stock (giving effect
        to the deemed ownership of securities by such person or group, as
        provided in Rule 13d-3(d)(1) the Exchange Act, but not giving effect to
        any such deemed ownership of securities by another person or group)
        equal to or greater than twenty-five percent (25%) of all such voting
        stock;

<PAGE>

                (ii)    during any period of twenty four consecutive months,
        individuals who at the beginning of such period constituted the Board
        (including for this purpose any new director whose election or
        nomination for election by the Company's shareholders was approved by a
        vote of at least a majority of the directors then still in office who
        were directors at the beginning of such period) cease for any reason to
        constitute at least a majority of the Board (excluding any Board seat
        that is vacant or otherwise unoccupied); and

                (iii)   there shall be consummated any consolidation, merger,
        stock for stock exchange or similar transaction (collectively, "Merger
        Transactions") involving securities of the Company in which holders of
        voting stock of the Company immediately prior to such consummation own,
        as a group, immediately after such consummation, voting stock of the
        Company (or, if the Company does not survive the Merger Transaction,
        voting securities of the corporation surviving such transaction) having
        less than 50% of the total voting power in an election of directors of
        the Company (or such other surviving corporation).

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

        "Committee" shall mean a committee of the Board designated by the Board
to administer the Plan and composed of not less than the minimum number of
persons from time to time required by Rule 16b-3, each of whom, to the extent
necessary to comply with Rule 16b-3 only, is a "non-employee director" within
the meaning of Rule 16b-3, as from time to time amended. Until otherwise
determined by the Board, the Human Resources Committee designated by the Board
shall be the Committee under the Plan.

        "Company" shall mean Banknorth Group, Inc. and any successor thereto.

        "Employee" shall mean an employee of the Company or of any Affiliate.

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

        "Fair Market Value" shall mean the fair market value of the property or
other item being valued, as determined by the Committee in its sole discretion,
provided that, unless otherwise determined by the Committee in order to satisfy
the requirements relating to Incentive Stock Options under applicable laws and
regulations, the "Fair Market Value" of a Share shall be (i) if the Shares are
listed or admitted to trading on any securities exchange or national market
system in the United States, the closing price, regular way, on such day on the
principal securities exchange or national market system in the United States on
which Shares are traded, (ii) if the Shares are not then listed or admitted to
trading on any such day, or if no sale takes place on such day, the average of
the closing bid and asked prices in the United States on such day, as reported
by a reputable quotation source designated by the Committee, and (iii) if the
Shares are not then listed or admitted to trading on any such securities
exchange or national market system and no such reported sale price or bid and
asked prices are available, the average of the reported high bid and low asked
prices in the United States on such day, as reported in The Wall Street Journal
(Eastern edition) or other newspaper designated by the Committee.

                                       2
<PAGE>

        "Incentive Stock Option" shall mean a right to purchase Shares from the
Company that is granted under Section 6 of the Plan and that is intended to meet
the requirements of Section 422 of the Code or any successor provisions thereto.

        "Nonqualified Stock Option" shall mean a right to purchase Shares from
the Company that is granted under Section 6 of the Plan and that is not intended
to be an Incentive Stock Option.

        "Option" shall mean an Incentive Stock Option or a Nonqualified Stock
Option.

        "Other Stock-Based Award" shall mean any right granted under Section 10
of the Plan.

        "Participant" shall mean any Employee selected by the Committee to
receive an Award under the Plan.

        "Performance Award" shall mean any right granted under Section 9 of the
Plan.

        "Person" shall mean any individual, corporation, partnership,
association, joint-stock company, trust, unincorporated organization, government
or political subdivision thereof or other entity.

        "Plan" shall mean this Banknorth Group, Inc. 1996 Equity Incentive Plan,
as amended.

        "QDRO" shall mean a domestic relations order meeting such requirements
as the Committee shall determine, in its sole discretion.

        "Restricted Stock Award" shall mean any Award granted under Section 8 of
the Plan.

        "Restricted Stock" shall mean any Share granted under Section 8 of the
Plan.

        "Restricted Stock Unit" shall mean any unit granted under Section 8 of
the Plan.

        "Rule 16b-3" shall mean Rule 16b-3 as promulgated and interpreted by the
SEC under the Exchange Act, or any successor rule or regulation thereto as in
effect from time to time.

        "SEC" shall mean the Securities and Exchange Commission or any successor
thereto and shall include the staff thereof.

        "Shares" shall mean shares of the common stock, $.01 par value, of the
Company, or such other securities of the Company as may be designated by the
Committee from time to time.

        "Stock Appreciation Right" shall mean any right granted under Section 7
of the Plan.

                                       3
<PAGE>

SECTION 3. Administration.

        (a)     Authority of Committee. The Plan shall be administered by the
Committee. Subject to the terms of the Plan and applicable law, and in addition
to other express powers and authorizations conferred on the Committee by the
Plan, the Committee shall have full power and authority to: (i) designate
Participants; (ii) determine the type or types of Awards to be granted to an
eligible Employee; (iii) determine the number of Shares to be covered by, or
with respect to which payments, rights or other matters are to be calculated in
connection with, Awards; (iv) determine the terms and conditions of any Award;
(v) determine whether, to what extent and under what circumstances Awards may be
settled or exercised in cash, Shares, other securities, other Awards or other
property, or canceled, forfeited or suspended; (vi) determine whether, to what
extent and under what circumstances cash, Shares, other securities, other
Awards, other property and other amounts payable with respect to an Award shall
be deferred either automatically or at the election of the holder thereof or of
the Committee; (vii) interpret and administer the Plan and any instrument or
agreement relating to, or Award made under, the Plan; (viii) establish, amend,
suspend or waive such rules and regulations and appoint such agents as it shall
deem appropriate for the proper administration of the Plan; and (ix) make any
other determination and take any other action that the Committee deems necessary
or desirable for the administration of the Plan.

        (b)     Committee Discretion Binding. Unless otherwise expressly
provided in the Plan, all designations, determinations, interpretations and
other decisions under or with respect to the Plan or any Award shall be within
the sole discretion of the Committee, may be made at any time and shall be
final, conclusive and binding upon all Persons, including the Company, any
Affiliate, any Participant, any holder or beneficiary of any Award, any
stockholder and any Employee.

        (c)     Delegation. Subject to the terms of the Plan and applicable law,
the Committee may delegate to one or more officers of the Company or any
Affiliate, or to a committee of such officers, the authority, subject to such
terms and limitations as the Committee shall determine, to grant Awards to, or
to cancel, modify or waive rights with respect to, or to alter, discontinue,
suspend or terminate Awards held by, Employees who are not officers or directors
of the Company for purposes of Section 16 of the Exchange Act, or any successor
section thereto, or who are otherwise not subject to such Section.

        (d)     Authority of Board. Notwithstanding anything to the contrary
contained in the Plan, the Plan also may be administered by the Board to the
extent permitted by Rule 16b-3, as amended from time to time. In the event of
such administration by the Board, all references to the Committee in the Plan
shall be deemed to refer to the Board and any officer or employee-director of
the Company or any Affiliate shall be eligible to be designated a Participant.

                                       4
<PAGE>

SECTION 4. Shares Available for Awards.

        (a)     Shares Available. Subject to adjustment as provided in Section
4(b), the number of Shares with respect to which Awards may be granted under the
Plan shall be equal to 13,000,000. If, after the effective date of the Plan, any
Shares covered by an Award granted under the Plan, or to which such an Award
relates, are forfeited, or if such an Award is settled for cash or otherwise
terminates or is canceled without the delivery of Shares, then the Shares
covered by such Award, or to which such Award relates, or the number of Shares
otherwise counted against the aggregate number of Shares with respect to which
Awards may be granted, to the extent of any such settlement, forfeiture,
termination or cancellation, shall again become Shares with respect to which
Awards may be granted. In the event that any Option or other Award granted
hereunder is exercised through the delivery of Shares or in the event that
withholding tax liabilities arising from such Award are satisfied by the
withholding of Shares by the Company, the number of Shares available for Awards
under the Plan shall be increased by the number of Shares so surrendered or
withheld. Notwithstanding the foregoing and subject to adjustment as provided in
Section 4(b), no Participant may receive Awards under the Plan in any calendar
year that relate to more than 300,000 Shares.

        (b)     Adjustments. In the event that the Committee determines that any
dividend or other distribution (whether in the form of cash, Shares, other
securities or other property), recapitalization, stock split, reverse stock
split, reorganization, merger, consolidation, split-up, spin-off, combination,
repurchase, or exchange of Shares or other securities of the Company, issuance
of warrants or other rights to purchase Shares or other securities of the
Company, or other similar corporate transaction or event affects the Shares such
that an adjustment is determined by the Committee to be appropriate in order to
prevent dilution or enlargement of the benefits or potential benefits intended
to be made available under the Plan, then the Committee shall, in such manner as
it may deem equitable, adjust any or all of (i) the number of Shares or other
securities of the Company (or number and kind of other securities or property)
with respect to which Awards may be granted, (ii) the number of Shares or other
securities of the Company (or number and kind of other securities or property)
subject to outstanding Awards and (iii) the grant or exercise price with respect
to any Award, or, if deemed appropriate, make provision for a cash payment to
the holder of an outstanding Award; provided, in each case, that (A) with
respect to Awards of Incentive Stock Options no such adjustment shall be
authorized to the extent that such authority would cause the Plan to violate
Section 422(b)(1) of the Code, as from time to time amended, and (B) with
respect to any Award no such adjustment shall be authorized to the extent that
such authority would be inconsistent with the Plan's meeting the requirements of
Section 162(m) of the Code, as from time to time amended, or Rule 16b-3, as from
time to time amended.

        (c)     Sources of Shares Deliverable Under Awards. Any Shares delivered
pursuant to an Award may consist, in whole or in part, of authorized and
unissued Shares or of treasury Shares.

SECTION 5. Eligibility. Any Employee, including any officer or employee-director
of the Company or any Affiliate, who is not a member of the Committee, shall be
eligible to be designated a Participant.

                                       5
<PAGE>

SECTION 6. Stock Options.

        (a)     Grant. Subject to the provisions of the Plan, the Committee
shall have sole and complete authority to determine the Employees to whom
Options shall be granted, the number of Shares to be covered by each Option, the
option price therefor and the conditions and limitations applicable to the
exercise of the Option. The Committee shall have the authority to grant
Incentive Stock Options, or to grant Nonqualified Stock Options, or to grant
both types of options. In the case of Incentive Stock Options, the terms and
conditions of such grants shall be subject to and comply with such rules as may
be prescribed by Section 422 of the Code, as from time to time amended, and any
regulations implementing such statute.

        (b)     Exercise Price. The Committee in its sole discretion shall
establish the exercise price at the time each Option is granted, provided that
the per share price at which Shares may be purchased upon exercise of an Option
shall be no less than one hundred percent (100%) of the Fair Market Value of a
Share at the time such Option is granted.

        (c)     Exercise. Each Option shall be exercisable at such times and
subject to such terms and conditions as the Committee may, in its sole
discretion, specify in the applicable Award Agreement or thereafter. The
Committee may impose such conditions with respect to the exercise of Options,
including without limitation any conditions relating to the application of
federal or state securities laws, as it may deem necessary or advisable.

        (d)     Payment. No Shares shall be delivered pursuant to any exercise
of an Option until payment in full of the option price therefor is received by
the Company. Such payment may be made in cash, or its equivalent, or, if and to
the extent permitted by the Committee, by exchanging Shares owned by the
optionee (which are not the subject of any pledge or other security interest),
or by a combination of the foregoing, provided that the combined value of all
cash and cash equivalents and the Fair Market Value of any such Shares so
tendered to the Company as of the date of such tender is at least equal to such
option price.

SECTION 7. Stock Appreciation Rights.

        (a)     Grant. Subject to the provisions of the Plan, the Committee
shall have sole and complete authority to determine the Employees to whom Stock
Appreciation Rights shall be granted, the number of Shares to be covered by each
Stock Appreciation Right, the grant price thereof and the conditions and
limitations applicable to the exercise thereof. Stock Appreciation Rights may be
granted in tandem with another Award, in addition to another Award, or
freestanding and unrelated to another Award. Stock Appreciation Rights granted
in tandem with or in addition to an Award may be granted either at the same time
as the Award or at a later time. Stock Appreciation Rights shall have a grant
price as determined by the Committee on the date of grant.

        (b)     Exercise and Payment. A Stock Appreciation Right shall entitle
the Participant to receive an amount equal to the excess of the Fair Market
Value of a Share on the date of exercise of the Stock Appreciation Right over
the grant price thereof, provided that the Committee may

                                       6
<PAGE>

for administrative convenience determine that, with respect to any Stock
Appreciation Right that is not related to an Incentive Stock Option and that can
only be exercised for cash during limited periods of time in order to satisfy
the conditions of Rule 16b-3, the exercise of such Stock Appreciation Right for
cash during such limited period shall be deemed to occur for all purposes
hereunder on the day during such limited period on which the Fair Market Value
of the Shares is the highest. Any such determination by the Committee may be
changed by the Committee from time to time and may govern the exercise of Stock
Appreciation Rights granted prior to such determination as well as Stock
Appreciation Rights granted thereafter. The Committee shall determine whether a
Stock Appreciation Right shall be settled in cash, Shares or a combination of
cash and Shares.

        (c)     Other Terms and Conditions. Subject to the terms of the Plan and
any applicable Award Agreement, the Committee shall determine, at or after the
grant of a Stock Appreciation Right, the term, methods of exercise, methods and
form of settlement and any other terms and conditions of any Stock Appreciation
Right. Any such determination by the Committee may be changed by the Committee
from time to time and may govern the exercise of Stock Appreciation Rights
granted prior to such determination as well as Stock Appreciation Rights granted
thereafter. The Committee may impose such conditions or restrictions on the
exercise of any Stock Appreciation Right as it shall deem appropriate.

SECTION 8. Restricted Stock and Restricted Stock Units.

        (a)     Grant. Subject to the provisions of the Plan, the Committee
shall have sole and complete authority to determine the Employees to whom Shares
of Restricted Stock and Restricted Stock Units shall be granted, the number of
Shares of Restricted Stock and/or the number of Restricted Stock Units to be
granted to each Participant, the duration of the period during which, and the
conditions under which, the Restricted Stock and Restricted Stock Units may be
forfeited to the Company and the other terms and conditions of such Awards.
Notwithstanding any other provision of the Plan to the contrary, Restricted
Stock and Restricted Stock Units shall have a minimum vesting period of three
years from the date of grant, except (i) as provided in Section 12 hereof and
(ii) in the Committee's sole discretion, in the event of the Participant's
retirement, permanent and total disability or death. The meaning of the terms
"retirement" and "permanent and total disability" for purposes of this Section
8(a) and the other provisions of the Plan shall be determined by the Committee.

        (b)     Transfer Restrictions. Shares of Restricted Stock and Restricted
Stock Units may not be sold, assigned, transferred, pledged or otherwise
encumbered, except, in the case of Restricted Stock, as provided in the Plan or
the applicable Award Agreements. Certificates issued in respect of Shares of
Restricted Stock shall be registered in the name of the Participant and
deposited by such Participant, together with a stock power endorsed in blank,
with the Company. Upon the lapse of the restrictions applicable to such Shares
of Restricted Stock, the Company shall deliver such certificates to the
Participant or the Participant's legal representative.

        (c)     Payment. Each Restricted Stock Unit shall have a value equal to
the Fair Market Value of a Share. Restricted Stock Units shall be paid in cash,
Shares, other securities or other

                                       7
<PAGE>

property, as determined in the sole discretion of the Committee, upon the lapse
of the restrictions applicable thereto, or otherwise in accordance with the
applicable Award Agreement.

        (d)     Dividends and Distributions. Dividends and other distributions
paid on or in respect of any Shares of Restricted Stock may be paid directly to
the Participant, or may be reinvested in additional Shares of Restricted Stock
or in additional Restricted Stock Units, as determined by the Committee in its
sole discretion.

        (e)     Voting of Restricted Stock. Unless otherwise determined by the
Committee at the time of grant, an Employee to whom Shares of Restricted Stock
shall be granted shall be entitled to vote such Shares.

SECTION 9. Performance Awards.

        (a)     Grant. The Committee shall have sole and complete authority to
determine the Employees who shall receive a Performance Award, which shall
consist of a right that is (i) denominated in cash or Shares, (ii) valued, as
determined by the Committee, in accordance with the achievement of such
performance goals during such performance periods as the Committee shall
establish and (iii) payable at such time and in such form as the Committee shall
determine. Notwithstanding any other provision of the Plan to the contrary, a
Performance Award shall have a minimum vesting period of one year from the date
of grant, except (i) as provided in Section 12 hereof and (ii) in the
Committee's sole discretion, in the event of the Participant's retirement,
permanent and total disability or death.

        (b)     Terms and Conditions. Subject to the terms of the Plan and any
applicable Award Agreement, the Committee shall determine the performance goals
to be achieved during any performance period, the length of any performance
period, the amount of any Performance Award and the amount and kind of any
payment or transfer to be made pursuant to any Performance Award.

        (c)     Payment of Performance Awards. Performance Awards may be paid in
a lump sum or in installments following the close of the performance period or,
in accordance with procedures established by the Committee, on a deferred basis.

SECTION 10. Other Stock-Based Awards. The Committee shall have authority to
grant to eligible Employees an Other Stock-Based Award, which shall consist of
any right that is (i) not an Award described in Sections 6 through 9 above and
(ii) an Award of Shares or an Award denominated or payable in, valued in whole
or in part by reference to, or otherwise based on or related to, Shares
(including, without limitation, securities convertible into Shares), as deemed
by the Committee to be consistent with the purposes of the Plan; provided that
any such rights must comply, to the extent deemed desirable by the Committee,
with Rule 16b-3 and applicable law. Subject to the terms of the Plan and any
applicable Award Agreement, the Committee shall determine the terms and
conditions of any such Other Stock-Based Award. Notwithstanding any other
provision of the Plan to the contrary, an Other Stock-Based Award which is not
granted in lieu of base salary or bonuses shall have a minimum vesting period of
three years from the date

                                       8
<PAGE>

of grant, except (i) as provided in Section 12 hereof and (ii) in the
Committee's sole discretion, in the event of the Participant's retirement,
permanent and total disability or death.

SECTION 11. Termination or Suspension of Employment. The following provisions
shall apply in the event of the Participant's termination of employment unless
the Committee shall have provided otherwise, either at the time of the grant of
the Award or thereafter.

        (a)     Nonqualified Stock Options and Stock Appreciation Rights.

                (i)     Termination of Employment. If the Participant's
        employment with the Company or its Affiliates is terminated for any
        reason other than death, permanent and total disability or retirement,
        the Participant's right to exercise any Nonqualified Stock Option or
        Stock Appreciation Right shall terminate, and such Option or Stock
        Appreciation Right shall expire, on the earlier of (A) the first
        anniversary of such termination of employment or (B) the date such
        Option or Stock Appreciation Right would have expired had it not been
        for the termination of employment. The Participant shall have the right
        to exercise such Option or Stock Appreciation Right prior to such
        expiration to the extent it was exercisable at the date of such
        termination of employment and shall not have been exercised.

                (ii)    Death, Disability or Retirement. If the Participant's
        employment with the Company or its Affiliates is terminated by death,
        permanent and total disability or retirement, the Participant or his
        successor (if employment is terminated by death) shall have the right to
        exercise any Nonqualified Stock Option or Stock Appreciation Right to
        the extent it was exercisable at the date of such termination of
        employment and shall not have been exercised, but in no event shall such
        Option or Stock Appreciation Right be exercisable later than the date
        the Option or Stock Appreciation Right would have expired had it not
        been for the termination of such employment.

                (iii)   Acceleration and Extension of Exercisability.
        Notwithstanding the foregoing, the Committee may, in its discretion,
        provide (A) that an Option granted to a Participant may terminate at a
        date earlier than that set forth above, including without limitation the
        date of termination of employment, (B) that an Option granted to a
        Participant may terminate at a date later than that set forth above,
        provided such date shall not be beyond the date the Option would have
        expired had it not been for the termination of the Participant's
        employment, and (C) that an Option or Stock Appreciation Right may
        become immediately exercisable when it finds that such acceleration
        would be in the best interests of the Company.

        (b)     Incentive Stock Options. Except as otherwise determined by the
Committee at the time of grant, if the Participant's employment with the Company
is terminated for any reason, the Participant shall have the right to exercise
any Incentive Stock Option and any related Stock Appreciation Right during the
90 days after such termination of employment to the extent it was exercisable at
the date of such termination, but in no event later than the date the Option
would have expired had it not been for the termination of such employment. If
the Participant does not exercise such Option or related Stock Appreciation
Right to the full extent permitted by

                                       9
<PAGE>

the preceding sentence, the remaining exercisable portion of such Option
automatically will be deemed a Nonqualified Stock Option, and such Option and
any related Stock Appreciation Right will be exercisable during the period set
forth in Section 11(a) of the Plan, provided that in the event that employment
is terminated because of death or the Participant dies during such 90-day
period, the Option will continue to be an Incentive Stock Option to the extent
provided by Section 421 or Section 422 of the Code, or any successor provisions,
and any regulations promulgated thereunder.

        (c)     Restricted Stock. Except as otherwise determined by the
Committee at the time of grant, upon termination of employment for any reason
during the restriction period, all shares of Restricted Stock still subject to
restriction shall be forfeited by the Participant and reacquired by the Company
at the price (if any) paid by the Participant for such Restricted Stock,
provided that in the event of a Participant's retirement, permanent and total
disability or death, or in cases of special circumstances, the Committee may, in
its sole discretion, when it finds that a waiver would be in the best interests
of the Company, waive in whole or in part any or all remaining restrictions with
respect to such Participant's shares of Restricted Stock.

SECTION 12. Change in Control. Notwithstanding any other provision of the Plan
to the contrary, upon a Change in Control all outstanding Awards shall vest,
become immediately exercisable or payable or have all restrictions lifted as may
apply to the type of Award.

SECTION 13. Amendment and Termination.

        (a)     Amendments to the Plan. The Board may amend, alter, suspend,
discontinue or terminate the Plan or any portion thereof at any time; provided
that no such amendment, alteration, suspension, discontinuation or termination
shall be made without stockholder approval if such approval is (i) necessary to
comply with any tax or regulatory requirement, including for these purposes any
approval requirement that is a prerequisite for exemptive relief from Section
16(b) of the Exchange Act, for which or with which the Board deems it necessary
or desirable to qualify or comply or (ii) otherwise required by applicable law.

        (b)     Amendments to Awards. The Committee may waive any conditions or
rights under, amend any terms of, or alter, suspend, discontinue, cancel or
terminate, any Award theretofore granted, prospectively or retroactively;
provided that any such waiver, amendment, alteration, suspension,
discontinuance, cancellation or termination that would adversely affect the
rights of any Participant or any holder or beneficiary of any Award theretofore
granted shall not to that extent be effective without the consent of the
affected Participant, holder or beneficiary. Notwithstanding any other provision
of the Plan to the contrary, the Committee may not amend more than 10% of
outstanding Options at any particular time to reduce the per share exercise
price thereof and, to the extent permitted by the foregoing, may not amend
outstanding Options to reduce the per share exercise price thereof to lower than
85% of the Fair Market Value of a Share on the date of repricing.

        (c)     Adjustment of Awards Upon the Occurrence of Certain Unusual or
Nonrecurring Events. The Committee is hereby authorized to make adjustments in
the terms and conditions of, and the criteria included in, Awards in recognition
of unusual or nonrecurring events (including,

                                       10
<PAGE>

without limitation, the events described in Section 4(b) hereof) affecting the
Company, any Affiliate, or the financial statements of the Company or any
Affiliate, or of changes in applicable laws, regulations or accounting
principles, whenever the Committee determines that such adjustments are
appropriate in order to prevent dilution or enlargement of the benefits or
potential benefits intended to be made available under the Plan; provided that
no such adjustment shall be authorized to the extent that such authority would
be inconsistent with the Plan's meeting the requirements of Section 162(m) of
the Code, as from time to time amended, or Rule 16b-3, as from time to time
amended.

SECTION 14. General Provisions.

        (a)     Dividend Equivalents. In the sole and complete discretion of the
Committee, an Award, whether made as an Other Stock-Based Award under Section 10
or as an Award granted pursuant to Sections 6 through 9 hereof, may provide the
Participant with dividends or dividend equivalents, payable in cash, Shares,
other securities or other property on a current or deferred basis.

        (b)     Nontransferability. No Award shall be assigned, alienated,
pledged, attached, sold or otherwise transferred or encumbered by a Participant,
except by will or the laws of descent and distribution or pursuant to a QDRO,
provided, however, that an Award may be transferable, to the extent determined
by the Committee and set forth in the applicable Award Agreement, (i) if such
Award Agreement provisions do not disqualify such Award for exemption under Rule
16b-3, as from time to time amended, (ii) if such Award is not intended to
qualify for exemption under such rule or (iii) with respect to Awards which are
Incentive Stock Options, if such Award Agreement provisions do not prevent the
Incentive Stock Options from qualifying as such under Section 422 of the Code,
as from time to time amended.

        (c)     No Rights to Awards. No Employee, Participant or other Person
shall have any claim to be granted any Award, and there is no obligation for
uniformity of treatment of Employees, Participants or holders or beneficiaries
of Awards. The terms and conditions of Awards need not be the same with respect
to each recipient.

        (d)     Share Certificates. All certificates for Shares or other
securities of the Company or any Affiliate delivered under the Plan pursuant to
any Award or the exercise thereof shall be subject to such stop transfer orders
and other restrictions as the Committee may deem advisable under the Plan or the
rules, regulations and other requirements of the SEC, any stock exchange or
national market quotation system upon which such Shares or other securities are
then listed or quoted, respectively, and any applicable Federal or state laws,
and the Committee may cause a legend or legends to be put on any such
certificates to make appropriate reference to such restrictions.

        (e)     Withholding. A Participant may be required to pay to the Company
or any Affiliate and the Company or any Affiliate shall have the right and is
hereby authorized to withhold from any Award, from any payment due or transfer
made under any Award or under the Plan or from any compensation or other amount
owing to a Participant the amount (in cash, Shares, other securities, other
Awards or other property) of any applicable withholding taxes in

                                       11
<PAGE>

respect of any Award, its exercise or any payment or transfer under an Award or
under the Plan and to take such other action as may be necessary in the opinion
of the Company to satisfy all obligations for the payment of such taxes. The
Committee may provide for additional cash payments to holders of Awards to
defray or offset any tax arising from the grant, vesting, exercise or payments
of any Award.

        (f)     Award Agreements. Each Award hereunder shall be evidenced by an
Award Agreement that shall be delivered to the Participant and shall specify the
terms and conditions of the Award and any rules applicable thereto.

        (g)     No Limit on Other Compensation Arrangements. Nothing contained
in the Plan shall prevent the Company or any Affiliate from adopting or
continuing in effect other compensation arrangements, which may, but need not,
provide for the grant of options, restricted stock, Shares and other types of
Awards provided for hereunder (subject to stockholder approval if such approval
is required), and such arrangements may be either generally applicable or
applicable only in specific cases.

        (h)     No Right to Employment. Neither the Plan nor the grant of any
Awards hereunder nor any action taken by the Committee or the Board in
connection with the Plan shall create any right on the part of any Employee to
continue in the employ of the Company or any Affiliate.

        (i)     No Rights as Stockholder. Subject to the provisions of the
applicable Award and the Plan, no Participant or holder or beneficiary of any
Award shall have any rights as a stockholder with respect to any Shares to be
distributed under the Plan until he or she has become the holder of such Shares.

        (j)     Governing Law. The validity, construction and effect of the Plan
and any rules and regulations relating to the Plan and any Award Agreement shall
be determined in accordance with the laws of the State of Maine.

        (k)     Severability. If any provision of the Plan or any Award is or
becomes or is deemed to be invalid, illegal or unenforceable in any jurisdiction
or as to any Person or Award, or would disqualify the Plan or any Award under
any law deemed applicable by the Committee, such provision shall be construed or
deemed amended to conform to the applicable laws, or if it cannot be construed
or deemed amended without, in the determination of the Committee, materially
altering the intent of the Plan or the Award, such provision shall be stricken
as to such jurisdiction, Person or Award and the remainder of the Plan and any
such Award shall remain in full force and effect.

        (l)     Other Laws. The Committee may refuse to issue or transfer any
Shares or other consideration under an Award if, acting in its sole discretion,
it determines that the issuance or transfer of such Shares or such other
consideration might violate any applicable law or regulation or entitle the
Company to recover the same under Section 16(b) of the Exchange Act, and any
payment tendered to the Company by a Participant, other holder or beneficiary in
connection with the exercise of such Award shall be promptly refunded to the
relevant Participant, holder or

                                       12
<PAGE>

beneficiary. Without limiting the generality of the foregoing, no Award granted
hereunder shall be construed as an offer to sell securities of the Company, and
no such offer shall be outstanding, unless and until the Committee in its sole
discretion has determined that any such offer, if made, would be in compliance
with all applicable requirements of the U.S. federal securities laws and any
other laws to which such offer, if made, would be subject.

        (m)     No Trust or Fund Created. Neither the Plan nor any Award shall
create or be construed to create a trust or separate fund of any kind or a
fiduciary relationship between the Company or any Affiliate and a Participant or
any other Person. To the extent that any Person acquires a right to receive
payments from the Company or any Affiliate pursuant to an Award, such right
shall be no greater than the right of any unsecured general creditor of the
Company or any Affiliate.

        (n)     No Fractional Shares. No fractional Shares shall be issued or
delivered pursuant to the Plan or any Award, and the Committee shall determine
whether cash, other securities or other property shall be paid or transferred in
lieu of any fractional Shares or whether such fractional Shares or any rights
thereto shall be canceled, terminated or otherwise eliminated.

        (o)     Headings. Headings are given to the Sections and subsections of
the Plan solely as a convenience to facilitate reference. Such headings shall
not be deemed in any way material or relevant to the construction or
interpretation of the Plan or any provision thereof.

        (p)     Successors and Assigns. The Plan and any Award Agreement shall
be binding upon the successors and assigns of the Company and upon each
Participant and such Participant's heirs, executors, administrators, personal
representatives, permitted assignees and successors in interest.

SECTION 15. Effective Date; Term of the Plan.

        (a)     Effective Date. The Plan shall be effective as of February 13,
1996, subject to approval by the stockholders of the Company within one year
thereafter. The amendment to Section 4(a) of the Plan adopted by the Board of
Directors of the Company on March 3, 1998 shall be effective as of such date,
subject to approval by the stockholders of the Company within one year
thereafter. The amendments to the Plan adopted by the Committee on May 26, 1998
shall be effective as of such date. The amendment to Section 4(a) of the Plan
adopted by the Board of Directors on January 23, 2001 shall be effective as of
such date, subject to approval by the stockholders of the Company within one
year thereafter.

        (b)     Term of the Plan. Unless sooner terminated, the Plan shall
remain in effect for a period of ten years ending on the tenth anniversary of
the Effective Date. Termination of the Plan shall not affect any Awards
previously granted and such Awards shall remain valid and in effect until they
have been fully exercised or earned, are surrendered or by their terms expire or
are forfeited.

                                       13

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00047-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00047-of-00352.parquet"}]]