Document:

AMENDING AGREEMENT

AMENDING AGREEMENT

                  THIS AMENDING AGREEMENT made this 18th day of June, 2009.

                  BETWEEN:

STAR GOLD CORP.

and -

MINQUEST, INC.

WHEREAS MINQUEST and STAR GOLD have entered into a Purchase Agreement on April 11, 2008 in which MINQUEST has granted to STAR GOLD (formerly Elan

Development, Inc. ) the exclusive right and purchase to acquire an undivided 100% right, title and interest in and to the Property as set out in Schedule A, with a 3% Net Smelter Return Royalty, (See Schedule D) in favour of MinQuest for an aggregate total of 97% (the “Purchase”) for total consideration consisting of cash payments to the Vendor totalling $100,000USD, stock options totalling 200,000 shares, and property expenditures totalling $275,000USD, as set out in Schedule B; and to reimburse all holding costs set out in Schedule C.

WHEREAS MINQUEST has acquired an additional 42 (forty two) claims surrounding the the currently existing 8 claims that comprise the Excalibur property. MInquest acquired these additional claims through staking. Both MINQUEST and STAR GOLD have agreed to add the additional 42 (forty two) claims to the original Purchase agreement.

NOW THEREFORE this Agreement witnesseth that in consideration of the mutual covenants and promises herein contained, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto have agreed and do hereby agree as follows.

1.   Schedule A shall be amended to reflect the addition of the 42 (forty two) new claims 

      and will be effective immediately. 

2   In all other respects the terms of the original Purchase Agreement between

     MINQUEST and STAR GOLD dated April 11, 2008 shall apply

IN WITNESS WHEREOF THE PARTIES have hereto set their hands and seals, as duly witnessed by the hands of their properly authorized officers on their behalf on the day and year first above written.

Signed for and on behalf of

MINQUEST, INC.

By its authorized signatory

____/s/ Richard Kern_____

Richard Kern, President

Signed for and on behalf of

STAR GOLD CORP.

By its authorized signatory

___/s/ Lindsay Gorrill_______

Lindsay Gorrill, Presidentpprg8k20090622ex10-1.htm

    
      

      

    

    
      June 22,
2009

       

      Patient
Portal Technologies, Inc. Closes on New Debt

       

      Baldwinsville, NY, June 22, 2009
- Patient Portal Technologies, Inc. (OTCBB: PPRG) (Patient Portal)
announced today that it has closed on $3.0 million credit facility with Five
Star Bank.

       

      The
credit facility consists of a $2.5 million long term facility to be used for
general working capital purposes and a $500,000 line of credit to be used for
the acquisition of equipment to be used in the business.  The long
term facility carries an interest rate of prime plus 2oo basis points and is
repayable beginning in January 2010 over a three year period.

       

      Company
CEO Kevin Kelly commented, “We are very pleased to have a strong relationship
with a commercial bank that has confidence in our business plan and outlook for
growth. This facility will allow us to continue to implement our plans and
capitalize on market opportunities.” He also added, “ We continue to see strong
opportunity in the market for our suite of patient centric services aimed at
improving patient satisfaction and assisting hospitals improve financial
performance.”

       

      Patient
Portal Technologies, Inc. assists hospitals in increasing financial performance
by providing services that improve and enhance the patients experience before,
during and after their hospital stay. These services are delivered over the
company’s proprietary communication and information platform. The company
provides its products and solutions to hospitals and healthcare facilities
throughout the entire United States

       

      

       

      To view
the website and obtain Company information go to http://www.patientportal.com.

       

      

       

      Patient
Portal Investor Relations Contact:

       

                Vanessa
Loysen

                (315)638-6708EXHIBIT 10.1

 

CLARIENT,
INC.

 

2007
INCENTIVE AWARD PLAN

(AS
AMENDED)

 

ARTICLE 1

PURPOSE

 

The
purpose of the Clarient, Inc. 2007 Incentive Award Plan (the “Plan”) is to
promote the success and enhance the value of Clarient, Inc. (the “Company”)
by linking the personal interests of the members of the Board, Employees and
Consultants to those of Company stockholders and by providing such individuals
with an incentive for outstanding performance to generate superior returns to
Company stockholders.  The Plan is
further intended to provide flexibility to the Company in its ability to
motivate, attract, and retain the services of members of the Board, Employees
and Consultants upon whose judgment, interest, and special effort the
successful conduct of the Company’s operation is largely dependent.

 

ARTICLE 2

DEFINITIONS
AND CONSTRUCTION

 

Wherever
the following terms are used in the Plan they shall have the meanings specified
below, unless the context clearly indicates otherwise.  The singular pronoun shall include the plural
where the context so indicates.

 

2.1                               “Award” means an Option, a Restricted Stock
award, a Stock Appreciation Right award, a Performance Share award, a
Performance Stock Unit award, a Dividend Equivalents award, a Stock Payment
award, a Deferred Stock award, a Restricted Stock Unit award, a Performance
Bonus Award, or a Performance-Based Award granted to a Participant pursuant to
the Plan.

 

2.2                               “Award Agreement” means any written
agreement, contract, or other instrument or document evidencing an Award,
including through electronic medium.

 

2.3                               “Board” means the Board of Directors of the
Company.

 

2.4                               “Change in Control” means the issuance, sale
or transfer (including a transfer as a result of death, disability, operation
of law or otherwise) in a single transaction or group of related transactions
to any entity, person or group (other than Safeguard Scientifics, Inc.
and/or its affiliates) of the beneficial ownership of newly issued, outstanding
or treasury shares of the capital stock of the Company having 50% or more of
the combined voting power of the Company’s then outstanding securities entitled
to vote for at least a majority of the authorized number of directors of the
Company, or any merger, consolidation, sale of all or substantially all of the
assets or other comparable transaction as a result of which all or
substantially all of the assets and business of the Company are acquired
directly or indirectly by another entity which prior to the acquisition was not
an affiliate of the Company (as defined in the regulations of the Securities
and Exchange Commission under the Securities Act of 1933), other than any such
merger, consolidation, sale or other transaction which results in the Company’s
voting securities outstanding immediately before the transaction continuing to
represent (either by remaining outstanding or by being converted into voting
securities of the Company or the person that, as a result of the transaction,
controls, directly or indirectly, the Company or owns, directly or indirectly,
all or substantially all of the Company’s assets or otherwise succeeds to the
business of the Company (the Company or such person, the “Successor Entity”))
directly or indirectly, at least 50% of the combined voting power of the
Successor Entity’s outstanding voting securities immediately after the
transaction; provided, however, that the transfer by Safeguard of Company
securities held by Safeguard to one or more persons or entities (whether or not
part of a Group) shall not constitute a Change of Control unless a majority of
the Company’s securities not held by Safeguard are also transferred to one or
more persons or entities in the same transaction or group of related
transactions.  Group shall have the same
meaning as in 

 

1

 

Section 13(d) of the
Securities Exchange Act of 1934, and “affiliate” shall have the same meaning as
in Rule 405 of the Securities Exchange Commission adopted under the
Securities Act of 1933.

 

2.5                               “Code” means the Internal Revenue Code of
1986, as amended.

 

2.6                               “Committee” means the committee of the Board
described in Article 12.

 

2.7                               “Consultant” means any consultant or adviser
if:  (a) the consultant or adviser
renders bona fide services to the Company; (b) the services rendered by
the consultant or adviser are not in connection with the offer or sale of
securities in a capital-raising transaction and do not directly or indirectly
promote or maintain a market for the Company’s securities; and (c) the
consultant or adviser is a natural person who has contracted directly with the
Company to render such services.

 

2.8                               “Covered Employee” means an Employee who is,
or could be, a “covered employee” within the meaning of Section 162(m) of
the Code.

 

2.9                               “Deferred Stock” means a right to receive a
specified number of shares of Stock during specified time periods pursuant to Section 8.5.

 

2.10                        “Disability” means that the Participant
qualifies to receive long-term disability payments under the Company’s
long-term disability insurance program, as it may be amended from time to time.

 

2.11                        “Dividend Equivalents” means a right granted
to a Participant pursuant to Section 8.3 to receive the equivalent value
(in cash or Stock) of dividends paid on Stock.

 

2.12                        “Effective Date” shall have the meaning set
forth in Section 13.1.

 

2.13                        “Eligible Individual” means any person who
is an Employee, a Consultant or an Independent Director, as determined by the
Committee.

 

2.14                        “Employee” means any officer or other
employee (as defined in accordance with Section 3401(c) of the Code)
of the Company or any Subsidiary.

 

2.15                        “Exchange Act” means the Securities Exchange
Act of 1934, as amended.

 

2.16                        “Fair Market Value” means, as of any given
date, (a) if Stock is traded on an exchange, the closing price of a share
of Stock as reported in the Wall Street
Journal for such date (or, if no sale occurred on such date, for the
first trading date immediately prior to such date during which a sale
occurred); or (b) if Stock is not traded on an exchange but is quoted on a
quotation system, the mean between the closing representative bid and asked
prices for the Stock on such date as reported by such quotation system (or, if
no bid and asked prices for the Stock were reported on such date, on the date
immediately prior to such date on which bid and asked prices are reported by
such quotation system); or (c) if Stock is not publicly traded, the fair
market value established by the Committee acting in good faith.

 

2.17                        “Incentive Stock Option” means an Option
that is intended to meet the requirements of Section 422 of the Code or
any successor provision thereto.

 

2.18                        “Independent Director” means a member of the
Board who is not an Employee of the Company.

 

2.19                        “Non-Employee Director” means a member of
the Board who qualifies as a “Non-Employee Director” as defined in Rule 16b-3(b)(3) under
the Exchange Act, or any successor rule.

 

2.20                        “Non-Qualified Stock Option” means an Option
that is not intended to be an Incentive Stock Option.

 

2

 

2.21                        “Option” means a right granted to a
Participant pursuant to Article 5 of the Plan to purchase a specified
number of shares of Stock at a specified price during specified time
periods.  An Option may be either an
Incentive Stock Option or a Non-Qualified Stock Option.

 

2.22                        “Participant” means any Eligible Individual
who, as a member of the Board, Consultant or Employee, has been granted an
Award pursuant to the Plan.

 

2.23                        “Performance-Based Award” means an Award
granted to selected Covered Employees pursuant to Section 8.7, but which
is subject to the terms and conditions set forth in Article 9.

 

2.24                        “Performance Bonus Award” has the meaning
set forth in Section 8.7.

 

2.25                        “Performance Criteria” means the criteria
that the Committee selects for purposes of establishing the Performance Goal or
Performance Goals for a Participant for a Performance Period.  The Performance Criteria that will be used to
establish Performance Goals are limited to the following:  net earnings (either before or after interest,
taxes, depreciation and amortization), economic value-added, sales or revenue,
net income (either before or after taxes), operating earnings, cash flow
(including, but not limited to, operating cash flow and free cash flow), cash
flow return on capital, return on net assets, return on stockholders’ equity,
return on assets, return on capital, stockholder returns, return on sales,
gross or net profit margin, productivity, expense, margins, operating
efficiency, customer satisfaction, working capital, earnings per share, price
per share of Stock, and market share, any of which may be measured either in
absolute terms or as compared to any incremental increase or as compared to
results of a peer group.  The Committee
shall define in an objective fashion the manner of calculating the Performance
Criteria it selects to use for such Performance Period for such Participant.

 

2.26                        “Performance Goals” means, for a Performance
Period, the goals established in writing by the Committee for the Performance
Period based upon the Performance Criteria. 
Depending on the Performance Criteria used to establish such Performance
Goals, the Performance Goals may be expressed in terms of overall Company
performance or the performance of a division, business unit, or an individual.  The Committee, in its discretion, may, within
the time prescribed by Section 162(m) of the Code, adjust or modify
the calculation of Performance Goals for such Performance Period in order to
prevent the dilution or enlargement of the rights of Participants (a) in
the event of, or in anticipation of, any unusual or extraordinary corporate
item, transaction, event, or development, or (b) in recognition of, or in
anticipation of, any other unusual or nonrecurring events affecting the
Company, or the financial statements of the Company, or in response to, or in
anticipation of, changes in applicable laws, regulations, accounting
principles, or business conditions.

 

2.27                        “Performance Period” means the one or more
periods of time, which may be of varying and overlapping durations, as the
Committee may select, over which the attainment of one or more Performance
Goals will be measured for the purpose of determining a Participant’s right to,
and the payment of, a Performance-Based Award.

 

2.28                        “Performance Share” means a right granted to
a Participant pursuant to Section 8.1, to receive Stock, the payment of
which is contingent upon achieving certain Performance Goals or other
performance-based targets established by the Committee.

 

2.29                        “Performance Stock Unit” means a right
granted to a Participant pursuant to Section 8.2, to receive Stock, the
payment of which is contingent upon achieving certain Performance Goals or
other performance-based targets established by the Committee.

 

2.30                        “Prior Plan” means the ChromaVision Medical
Systems, Inc. 1996 Equity Compensation Plan, as such plan may be amended
from time to time.

 

2.31                        “Plan” means this Clarient, Inc. 2007
Incentive Award Plan and any Appendixes attached hereto, as it may be amended
from time to time.

 

3

 

2.32                        “Qualified Performance-Based Compensation”
means any compensation that is intended to qualify as “qualified
performance-based compensation” as described in Section 162(m)(4)(C) of
the Code.

 

2.33                        “Restricted Stock” means Stock awarded to a
Participant pursuant to Article 6 that is subject to certain restrictions
and may be subject to risk of forfeiture.

 

2.34                        “Restricted Stock Unit” means an Award
granted pursuant to Section 8.6.

 

2.35                        “Securities Act” shall mean the Securities
Act of 1933, as amended.

 

2.36                        “Stock” means the common stock of the
Company, par value $0.01 per share, and such other securities of the Company
that may be substituted for Stock pursuant to Article 11.

 

2.37                        “Stock Appreciation Right” or “SAR” means a right granted pursuant to Article 7
to receive a payment equal to the excess of the Fair Market Value of a
specified number of shares of Stock on the date the SAR is exercised over the
Fair Market Value on the date the SAR was granted as set forth in the
applicable Award Agreement.

 

2.38                        “Stock Payment” means (a) a payment in
the form of shares of Stock, or (b) an option or other right to purchase
shares of Stock, as part of any bonus, deferred compensation or other
arrangement, made in lieu of all or any portion of the compensation, granted
pursuant to Section 8.4.

 

2.39                        “Subsidiary” means any “subsidiary
corporation” as defined in Section 424(f) of the Code and any
applicable regulations promulgated thereunder or any other entity of which a
majority of the outstanding voting stock or voting power is beneficially owned
directly or indirectly by the Company.

 

ARTICLE 3

SHARES
SUBJECT TO THE PLAN

 

3.1                               Number of Shares.

 

(a)                                  Subject to Article 11
and Section 3.1(b), the aggregate number of shares of Stock which may be
issued or transferred pursuant to Awards under the Plan shall be the sum of (i) 5,000,000
shares and (ii) any shares of Stock which are subject to any award under
the Prior Plan as of the Effective Date and which award thereafter terminates,
expires or lapses for any reason; provided, however, that no more than
5,000,000 shares of Stock may be delivered upon the exercise of Incentive Stock
Options.

 

(b)                                 To the
extent that an Award terminates, expires, or lapses for any reason, any shares
of Stock subject to the Award shall again be available for the grant of an
Award pursuant to the Plan. 
Additionally, any shares of Stock tendered or withheld to satisfy the
grant or exercise price or tax withholding obligation pursuant to any Award
shall again be available for the grant of an Award pursuant to the Plan.  To the extent permitted by applicable law or
any exchange rule, shares of Stock issued in assumption of, or in substitution
for, any outstanding awards of any entity acquired in any form of combination
by the Company or any Subsidiary shall not be counted against shares of Stock
available for grant pursuant to this Plan. 
The payment of Dividend Equivalents in cash in conjunction with any
outstanding Awards shall not be counted against the shares available for
issuance under the Plan.  Notwithstanding
the provisions of this Section 3.1(b), no shares of common stock may again
be optioned, granted or awarded if such action would cause an Incentive Stock
Option to fail to qualify as an incentive stock option under Section 422
of the Code.

 

3.2                               Stock Distributed. 
Any Stock distributed pursuant to an Award may consist, in whole or in
part, of authorized and unissued Stock, treasury Stock or Stock purchased on
the open market.

 

3.3                               Limitation on Number of Shares Subject to Awards.  Notwithstanding any provision in the Plan to
the contrary, and subject to Article 11, the maximum number of shares of
Stock with respect to one or more 

 

4

 

Awards that may be granted to any one
Participant during any one calendar year period (measured from the date of any
grant) shall be 750,000 and the maximum amount that may be paid in cash during
any one calendar year period (measured from the date of any payment) with
respect to any Performance-Based Award (including, without limitation, any
Performance Bonus Award) shall be $750,000.

 

ARTICLE 4

ELIGIBILITY
AND PARTICIPATION

 

4.1                               Eligibility. 
Each Eligible Individual shall be eligible to be granted one or more
Awards pursuant to the Plan.

 

4.2                               Participation. 
Subject to the provisions of the Plan, the Committee may, from time to
time, select from among all Eligible Individuals, those to whom Awards shall be
granted and shall determine the nature and amount of each Award.  No Eligible Individual shall have any right
to be granted an Award pursuant to this Plan.

 

4.3                               Foreign Participants. 
Notwithstanding any provision of the Plan to the contrary, in order to
comply with the laws in other countries in which the Company and its
Subsidiaries operate or have Eligible Individuals, the Committee, in its sole
discretion, shall have the power and authority to:  (i) determine which Subsidiaries shall
be covered by the Plan; (ii) determine which Eligible Individuals outside
the United States are eligible to participate in the Plan; (iii) modify
the terms and conditions of any Award granted to Eligible Individuals outside
the United States to comply with applicable foreign laws; (iv) establish
subplans and modify exercise procedures and other terms and procedures, to the
extent such actions may be necessary or advisable (any such subplans and/or
modifications shall be attached to this Plan as appendices); provided, however,
that no such subplans and/or modifications shall increase the share limitations
contained in Sections 3.1 and 3.3 of the Plan; and (v) take any
action, before or after an Award is made, that it deems advisable to obtain
approval or comply with any necessary local governmental regulatory exemptions
or approvals.  Notwithstanding the
foregoing, the Committee may not take any actions hereunder, and no Awards
shall be granted, that would violate the Exchange Act, the Code, any securities
law or governing statute or any other applicable law.

 

ARTICLE 5

STOCK
OPTIONS

 

5.1                               General.  The Committee
is authorized to grant Options to Participants on the following terms and
conditions:

 

(a)                                  Exercise
Price.  The exercise price
per share of Stock subject to an Option shall be determined by the Committee
and set forth in the Award Agreement; provided, that, subject to Section 5.2(d),
the exercise price for any Option shall not be less than 100% of the Fair
Market Value of a share of Stock on the date of grant.

 

(b)                                 Time and
Conditions of Exercise. 
The Committee shall determine the time or times at which an Option may
be exercised in whole or in part; provided that the term of any Option granted
under the Plan shall not exceed ten years. 
The Committee shall also determine the performance or other conditions,
if any, that must be satisfied before all or part of an Option may be
exercised.

 

(c)                                  Payment.  The Committee shall determine the methods by
which the exercise price of an Option may be paid, the form of payment,
including, without limitation:  (i) cash,
(ii) shares of Stock which have been held for such period of time as may
be required by the Committee in order to avoid adverse accounting consequences
to the Company and which have a Fair Market Value on the date of surrender
equal to the aggregate exercise price of the shares as to which such Option
shall be exercised or (iii) other property acceptable to the Committee, and the
methods by which shares of Stock shall be delivered or deemed to be delivered
to Participants.  Notwithstanding any
other provision of the Plan to the contrary, no Participant who is a member of
the Board or an “executive officer” of the Company within the meaning of Section 13(k) of
the Exchange Act shall be permitted to 

 

5

 

pay the exercise price of an Option,
or continue any extension of credit with respect to the exercise price of an
Option with a loan from the Company or a loan arranged by the Company in
violation of Section 13(k) of the Exchange Act.

 

(d)                                 Evidence of
Grant.  All Options shall be
evidenced by an Award Agreement between the Company and the Participant.  The Award Agreement shall include such
additional provisions as may be specified by the Committee.

 

5.2                               Incentive Stock Options. 
Incentive Stock Options shall be granted only to Employees and the terms
of any Incentive Stock Options granted pursuant to the Plan, in addition to the
requirements of Section 5.1, must comply with the provisions of this Section 5.2.

 

(a)                                  Expiration.  Subject to Section 5.2(c), an Incentive
Stock Option shall expire and may not be exercised to any extent by anyone
after the first to occur of the following events:

 

(i)                                     Ten years
from the date it is granted, unless an earlier time is set in the Award
Agreement;

 

(ii)                                  Three months
after the Participant’s termination of employment as an Employee; and

 

(iii)                               One year
after the date of the Participant’s termination of employment or service on
account of Disability or death.  Upon the
Participant’s Disability or death, any Incentive Stock Options exercisable at
the Participant’s Disability or death may be exercised by the Participant’s
legal representative or representatives, by the person or persons entitled to
do so pursuant to the Participant’s last will and testament, or, if the
Participant fails to make testamentary disposition of such Incentive Stock
Option or dies intestate, by the person or persons entitled to receive the
Incentive Stock Option pursuant to the applicable laws of descent and
distribution.

 

(b)                                 Dollar
Limitation.  The aggregate
Fair Market Value (determined as of the time the Option is granted) of all
shares of Stock with respect to which Incentive Stock Options are first
exercisable by a Participant in any calendar year may not exceed $100,000 or
such other limitation as imposed by Section 422(d) of the Code, or
any successor provision.  To the extent
that Incentive Stock Options are first exercisable by a Participant in excess
of such limitation, the excess shall be considered Non-Qualified Stock Options.

 

(c)                                  Ten Percent
Owners.  An Incentive Stock
Option shall be granted to any individual who, at the date of grant, owns stock
possessing more than ten percent of the total combined voting power of all
classes of Stock of the Company only if such Option is granted at a price that
is not less than 110% of Fair Market Value on the date of grant and the Option
is exercisable for no more than five years from the date of grant.

 

(d)                                 Notice of
Disposition.  The
Participant shall give the Company prompt notice of any disposition of shares
of Stock acquired by exercise of an Incentive Stock Option within (i) two
years from the date of grant of such Incentive Stock Option or (ii) one
year after the transfer of such shares of Stock to the Participant.

 

(e)                                  Right to
Exercise.  During a Participant’s
lifetime, an Incentive Stock Option may be exercised only by the Participant.

 

(f)                                    Failure to
Meet Requirements. 
Any Option (or portion thereof) purported to be an Incentive Stock
Option, which, for any reason, fails to meet the requirements of Section 422
of the Code shall be considered a Non-Qualified Stock Option.

 

5.3                               Substitution of Stock Appreciation Rights.  The Committee may provide in the Award
Agreement evidencing the grant of an Option that the Committee, in its sole
discretion, shall have to right to substitute a Stock Appreciation Right for
such Option at any time prior to or upon exercise of such Option; 

 

6

 

provided, that such Stock
Appreciation Right shall be exercisable with respect to the same number of
shares of Stock for which such substituted Option would have been exercisable.

 

5.4                               Granting of Options to Independent Directors.  The Board may from time to time, in its sole
discretion, and subject to the limitations of the Plan:

 

(a)                                  Select from
and grant Options to any Independent Directors (including Independent Directors
who have previously been granted Options under the Plan);

 

(b)                                 Subject to Section 3.3,
determine the number of shares of Stock that may be purchased upon exercise of
the Options granted to such selected Independent Directors; and

 

(c)                                  Subject to
the provisions of this Article 5, determine the terms and conditions of
such Options, consistent with the Plan.

 

Options
granted to Independent Directors shall be Non-Qualified Stock Options.

 

ARTICLE 6

RESTRICTED
STOCK AWARDS

 

6.1                               Grant of Restricted Stock. 
The Committee is authorized to make Awards of Restricted Stock to any
Participant selected by the Committee in such amounts and subject to such terms
and conditions as determined by the Committee. 
All Awards of Restricted Stock shall be evidenced by an Award Agreement.

 

6.2                               Issuance and Restrictions. 
Restricted Stock shall be subject to such restrictions on
transferability and other restrictions as the Committee may impose (including,
without limitation, limitations on the right to vote Restricted Stock or the
right to receive dividends on the Restricted Stock).  These restrictions may lapse separately or in
combination at such times, pursuant to such circumstances, in such installments,
or otherwise, as the Committee determines at the time of the grant of the Award
or thereafter.

 

6.3                               Forfeiture. 
Except as otherwise determined by the Committee at the time of the grant
of the Award or thereafter, upon termination of employment or service during
the applicable restriction period, Restricted Stock that is at that time
subject to restrictions shall be forfeited; provided, however, that the
Committee may (a) provide in any Restricted Stock Award Agreement that
restrictions or forfeiture conditions relating to Restricted Stock will be
waived in whole or in part in the event of terminations resulting from
specified causes, and (b) in other cases waive in whole or in part
restrictions or forfeiture conditions relating to Restricted Stock.

 

6.4                               Certificates for Restricted Stock.  Restricted Stock granted pursuant to the Plan
may be evidenced in such manner as the Committee shall determine.  If certificates representing shares of
Restricted Stock are registered in the name of the Participant, certificates
must bear an appropriate legend referring to the terms, conditions, and
restrictions applicable to such Restricted Stock, and the Company may, at its
discretion, retain physical possession of the certificate until such time as
all applicable restrictions lapse.

 

ARTICLE 7

STOCK
APPRECIATION RIGHTS

 

7.1                               Grant of Stock Appreciation Rights.

 

(a)                                  A Stock
Appreciation Right may be granted to any Participant selected by the
Committee.  A Stock Appreciation Right
shall be subject to such terms and conditions not inconsistent with the Plan as
the Committee shall impose and shall be evidenced by an Award Agreement.

 

7

 

(b)                                 A Stock
Appreciation Right shall entitle the Participant (or other person entitled to
exercise the Stock Appreciation Right pursuant to the Plan) to exercise all or
a specified portion of the Stock Appreciation Right (to the extent then
exercisable pursuant to its terms) and to receive from the Company an amount
equal to the product of (i) the excess of (A) the Fair Market Value
of the Stock on the date the Stock Appreciation Right is exercised over (B) the
Fair Market Value of the Stock on the date the Stock Appreciation Right was
granted and (ii) the number of shares of Stock with respect to which the
Stock Appreciation Right is exercised, subject to any limitations the Committee
may impose.

 

7.2                               Payment and Limitations on Exercise.

 

(a)                                  Subject to Section 7.2(b),
payment of the amounts determined under Section 7.1(b) above shall be
in cash, in Stock (based on its Fair Market Value as of the date the Stock
Appreciation Right is exercised) or a combination of both, as determined by the
Committee in the Award Agreement.

 

(b)                                 To the
extent any payment under Section 7.1(b) is effected in Stock, it
shall be made subject to satisfaction of the provisions of Sections 5.1
and 5.4 pertaining to Options.

 

7.3                               Time and Conditions of Exercise.  The term of any Stock Appreciation Right
granted under the Plan shall not exceed ten years.

 

ARTICLE 8

OTHER TYPES
OF AWARDS

 

8.1                               Performance Share Awards. 
Any Participant selected by the Committee may be granted one or more
Performance Share awards which shall be denominated in a number of shares of
Stock and which may be linked to any one or more of the Performance Criteria or
other specific performance criteria determined appropriate by the Committee, in
each case on a specified date or dates or over any period or periods determined
by the Committee.  In making such determinations,
the Committee shall consider (among such other factors as it deems relevant in
light of the specific type of award) the contributions, responsibilities and
other compensation of the particular Participant.

 

8.2                               Performance Stock Units. 
Any Participant selected by the Committee may be granted one or more
Performance Stock Unit awards which shall be denominated in unit equivalent of
shares of Stock and/or units of value including dollar value of shares of Stock
and which may be linked to any one or more of the Performance Criteria or other
specific performance criteria determined appropriate by the Committee, in each
case on a specified date or dates or over any period or periods determined by
the Committee.  In making such
determinations, the Committee shall consider (among such other factors as it
deems relevant in light of the specific type of award) the contributions,
responsibilities and other compensation of the particular Participant.

 

8.3                               Dividend Equivalents.

 

(a)                                  Any
Participant selected by the Committee may be granted Dividend Equivalents based
on the dividends declared on the shares of Stock that are subject to any Award,
to be credited as of dividend payment dates, during the period between the date
the Award is granted and the date the Award is exercised, vests or expires, as
determined by the Committee.  Such
Dividend Equivalents shall be converted to cash or additional shares of Stock
by such formula and at such time and subject to such limitations as may be
determined by the Committee.

 

(b)                                 Dividend
Equivalents granted with respect to Options or SARs that are intended to be
Qualified Performance-Based Compensation shall be payable, with respect to
pre-exercise periods, regardless of whether such Option or SAR is subsequently
exercised.

 

8.4                               Stock Payments. 
Any Participant selected by the Committee may receive Stock Payments in
the manner determined from time to time by the Committee; provided, that unless
otherwise determined by the Committee such Stock Payments shall be made in lieu
of base salary, bonus, or other cash compensation otherwise 

 

8

 

payable to such Participant.  The number of shares shall be determined by
the Committee and may be based upon the Performance Criteria or other specific
performance criteria determined appropriate by the Committee, determined on the
date such Stock Payment is made or on any date thereafter.

 

8.5                               Deferred Stock. 
Any Participant selected by the Committee may be granted an award of
Deferred Stock in the manner determined from time to time by the
Committee.  The number of shares of
Deferred Stock shall be determined by the Committee and may be linked to the
Performance Criteria or other specific performance criteria determined to be
appropriate by the Committee, in each case on a specified date or dates or over
any period or periods determined by the Committee.  Stock underlying a Deferred Stock award will
not be issued until the Deferred Stock award has vested, pursuant to a vesting
schedule or performance criteria set by the Committee.  Unless otherwise provided by the Committee, a
Participant awarded Deferred Stock shall have no rights as a Company
stockholder with respect to such Deferred Stock until such time as the Deferred
Stock Award has vested and the Stock underlying the Deferred Stock Award has
been issued.  Deferred Stock Awards shall
either be exempt from the requirements of Section 409A of the Code or, if
they are not exempt from such requirements, shall satisfy such requirements.

 

The
amount and other terms and conditions (including any which may be required
under Section 409A of the Code) to which such Deferred Stock Award is
subject to shall be set forth in the Participant’s Award Agreement.

 

8.6                               Restricted Stock Units. 
The Committee is authorized to make Awards of Restricted Stock Units to
any Participant selected by the Committee in such amounts and subject to such
terms and conditions as determined by the Committee.  At the time of grant, the Committee shall
specify the date or dates on which the Restricted Stock Units shall become
fully vested and nonforfeitable, and may specify such conditions to vesting as
it deems appropriate.  At the time of
grant, the Committee shall specify the maturity date applicable to each grant
of Restricted Stock Units which shall be no earlier than the vesting date or
dates of the Award and may be determined at the election of the grantee.  On the maturity date, the Company shall,
subject to Section 10.5(b), transfer to the Participant one unrestricted,
fully transferable share of Stock for each Restricted Stock Unit scheduled to
be paid out on such date and not previously forfeited.

 

8.7                               Performance Bonus Awards. 
Any Participant selected by the Committee may be granted one or more
Performance-Based Awards in the form of a cash bonus (a “Performance Bonus
Award”) payable upon the attainment of Performance Goals that are established
by the Committee and relate to one or more of the Performance Criteria, in each
case on a specified date or dates or over any period or periods determined by
the Committee.  Any such Performance
Bonus Award paid to a Covered Employee shall be based upon objectively
determinable bonus formulas established in accordance with Article 9.

 

8.8                               Term.  Except as
otherwise provided herein, the term of any Award of Performance Shares,
Performance Stock Units, Dividend Equivalents, Stock Payments, Deferred Stock
or Restricted Stock Units shall be set by the Committee in its discretion.

 

8.9                               Exercise or Purchase Price. 
The Committee may establish the exercise or purchase price, if any, of
any Award of Performance Shares, Performance Stock Units, Deferred Stock, Stock
Payments or Restricted Stock Units; provided, however, that such price shall
not be less than the par value of a share of Stock on the date of grant, unless
otherwise permitted by applicable state law.

 

8.10                        Exercise upon Termination of Employment or Service.  An Award of Performance Shares, Performance
Stock Units, Dividend Equivalents, Deferred Stock, Stock Payments and
Restricted Stock Units shall only be exercisable or payable while the
Participant is an Employee, Consultant or a member of the Board, as applicable;
provided, however, that the Committee in its sole and absolute discretion, at
the time of grant or any time thereafter, may provide that an Award of Performance
Shares, Performance Stock Units, Dividend Equivalents, Stock Payments, Deferred
Stock or Restricted Stock Units may be exercised or paid subsequent to a
termination of employment or service, as applicable, or following a Change in
Control of the Company, or because of the Participant’s retirement, death or
disability, or otherwise; provided, however, that any such provision with
respect to Performance Shares or Performance Stock Units shall be subject to
the requirements of Section 162(m) of the Code that apply to
Qualified Performance-Based Compensation.

 

9

 

8.11                        Form of Payment. 
Payments with respect to any Awards granted under this Article 8
shall be made in cash, in Stock or a combination of both, as determined by the
Committee.

 

8.12                        Award Agreement. 
All Awards under this Article 8 shall be subject to such additional
terms and conditions as determined by the Committee and shall be evidenced by
an Award Agreement.

 

ARTICLE 9

PERFORMANCE-BASED
AWARDS

 

9.1                               Purpose.  The purpose
of this Article 9 is to provide the Committee the ability to qualify
Awards other than Options and SARs and that are granted pursuant to
Articles 6 and 8 as Qualified Performance-Based Compensation.  If the Committee, in its discretion, decides
to grant a Performance-Based Award to a Covered Employee, the provisions of
this Article 9 shall control over any contrary provision contained in
Articles 6 or 8; provided, however, that the Committee may in its
discretion grant Awards to Covered Employees that are based on Performance
Criteria or Performance Goals but that do not satisfy the requirements of this Article 9.

 

9.2                               Applicability. 
This Article 9 shall apply only to those Covered Employees selected
by the Committee to receive Performance-Based Awards.  The designation of a Covered Employee as a
Participant for a Performance Period shall not in any manner entitle the
Participant to receive an Award for the period. 
Moreover, designation of a Covered Employee as a Participant for a
particular Performance Period shall not require designation of such Covered
Employee as a Participant in any subsequent Performance Period and designation
of one Covered Employee as a Participant shall not require designation of any
other Covered Employees as a Participant in such period or in any other period.

 

9.3                               Procedures with Respect to Performance-Based Awards.  To the extent necessary to comply with the
Qualified Performance-Based Compensation requirements of Section 162(m)(4)(C) of
the Code, with respect to any Award granted under Articles 6 or 8 which
may be granted to one or more Covered Employees, no later than ninety (90) days
following the commencement of any fiscal year in question or any other
designated fiscal period or period of service (or such other time as may be
required or permitted by Section 162(m) of the Code), the Committee
shall, in writing, (a) designate one or more Covered Employees, (b) select
the Performance Criteria applicable to the Performance Period, (c) establish
the Performance Goals, and amounts of such Awards, as applicable, which may be
earned for such Performance Period, and (d) specify the relationship
between Performance Criteria and the Performance Goals and the amounts of such
Awards, as applicable, to be earned by each Covered Employee for such
Performance Period.  Following the
completion of each Performance Period, the Committee shall certify in writing
whether the applicable Performance Goals have been achieved for such
Performance Period.  In determining the
amount earned by a Covered Employee, the Committee shall have the right to
reduce or eliminate (but not to increase) the amount payable at a given level
of performance to take into account additional factors that the Committee may
deem relevant to the assessment of individual or corporate performance for the
Performance Period.

 

9.4                               Payment of Performance-Based Awards.  Unless otherwise provided in the applicable
Award Agreement, a Participant must be employed by the Company or a Subsidiary
on the day a Performance-Based Award for such Performance Period is paid to the
Participant.  Furthermore, a Participant
shall be eligible to receive payment pursuant to a Performance-Based Award for
a Performance Period only if the Performance Goals for such period are
achieved.  In determining the amount
earned under a Performance-Based Award, the Committee may reduce or eliminate
the amount of the Performance-Based Award earned for the Performance Period, if
in its sole and absolute discretion, such reduction or elimination is
appropriate.

 

9.5                               Additional Limitations. 
Notwithstanding any other provision of the Plan, any Award which is
granted to a Covered Employee and is intended to constitute Qualified
Performance-Based Compensation shall be subject to any additional limitations
set forth in Section 162(m) of the Code (including any amendment to Section 162(m) of
the Code) or any regulations or rulings issued thereunder that are requirements
for qualification as qualified performance-based compensation as described in Section 162(m)(4)(C) of
the Code, and the Plan shall be deemed amended to the extent necessary to
conform to such requirements.

 

10

 

ARTICLE 10

PROVISIONS
APPLICABLE TO AWARDS

 

10.1                        Stand-Alone and Tandem Awards. 
Awards granted pursuant to the Plan may, in the discretion of the
Committee, be granted either alone, in addition to, or in tandem with, any
other Award granted pursuant to the Plan. 
Awards granted in addition to or in tandem with other Awards may be
granted either at the same time as or at a different time from the grant of
such other Awards.

 

10.2                        Award Agreement. 
Awards under the Plan shall be evidenced by Award Agreements that set
forth the terms, conditions and limitations for each Award which may include
the term of an Award, the provisions applicable in the event the Participant’s
employment or service terminates, and the Company’s authority to unilaterally
or bilaterally amend, modify, suspend, cancel or rescind an Award.

 

10.3                        Limits on Transfer. 
No right or interest of a Participant in any Award may be pledged,
encumbered, or hypothecated to or in favor of any party other than the Company
or a Subsidiary, or shall be subject to any lien, obligation, or liability of
such Participant to any other party other than the Company or a
Subsidiary.  Except as otherwise provided
by the Committee at the time of grant or any time thereafter, no Award shall be
assigned, transferred, or otherwise disposed of by a Participant other than by
will or the laws of descent and distribution. 
The Committee by express provision in the Award or an amendment thereto
may permit an Award (other than an Incentive Stock Option) to be transferred
to, exercised by and paid to certain persons or entities related to the
Participant, including but not limited to members of the Participant’s family,
charitable institutions, or trusts or other entities whose beneficiaries or
beneficial owners are members of the Participant’s family and/or charitable
institutions, or to such other persons or entities as may be expressly approved
by the Committee, pursuant to such conditions and procedures as the Committee
may establish.  Any permitted transfer
shall be subject to the condition that the Committee receive evidence
satisfactory to it that the transfer is being made for estate and/or tax
planning purposes (or to a “blind trust” in connection with the Participant’s
termination of employment or service with the Company or a Subsidiary to assume
a position with a governmental, charitable, educational or similar non-profit
institution) and on a basis consistent with the Company’s lawful issue of
securities.

 

10.4                        Beneficiaries. 
Notwithstanding Section 10.3, a Participant may, in the manner
determined by the Committee, designate a beneficiary to exercise the rights of
the Participant and to receive any distribution with respect to any Award upon
the Participant’s death.  A beneficiary,
legal guardian, legal representative, or other person claiming any rights
pursuant to the Plan is subject to all terms and conditions of the Plan and any
Award Agreement applicable to the Participant, except to the extent the Plan
and Award Agreement otherwise provide, and to any additional restrictions
deemed necessary or appropriate by the Committee.  If the Participant is married and resides in
a community property state, a designation of a person other than the
Participant’s spouse as his or her beneficiary with respect to more than 50% of
the Participant’s interest in the Award shall not be effective without the
prior written consent of the Participant’s spouse.  If no beneficiary has been designated or
survives the Participant, payment shall be made to the person entitled thereto
pursuant to the Participant’s will or the laws of descent and
distribution.  Subject to the foregoing,
a beneficiary designation may be changed or revoked by a Participant at any
time provided the change or revocation is filed with the Committee.

 

10.5                        Stock Certificates; Book Entry Procedures.

 

(a)                                  Notwithstanding
anything herein to the contrary, the Company shall not be required to issue or
deliver any certificates evidencing shares of Stock pursuant to the exercise of
any Award, unless and until the Board has determined, with advice of counsel,
that the issuance and delivery of such certificates is in compliance with all
applicable laws, regulations of governmental authorities and, if applicable,
the requirements of any exchange on which the shares of Stock are listed or
traded.  All Stock certificates delivered
pursuant to the Plan are subject to any stop-transfer orders and other
restrictions as the Committee deems necessary or advisable to comply with
federal, state, or foreign jurisdiction, securities or other laws, rules and
regulations and the rules of any national securities exchange or automated
quotation system on which the Stock is listed, quoted, or traded.  The Committee may place legends on any Stock
certificate to reference restrictions applicable to the Stock.  In addition to the terms and conditions
provided herein, the Board may require that a Participant make such reasonable
covenants, 

 

11

 

agreements, and representations as
the Board, in its discretion, deems advisable in order to comply with any such
laws, regulations, or requirements.  The
Committee shall have the right to require any Participant to comply with any
timing or other restrictions with respect to the settlement or exercise of any
Award, including a window-period limitation, as may be imposed in the
discretion of the Committee.

 

(b)                                 Notwithstanding
any other provision of the Plan, unless otherwise determined by the Committee
or required by any applicable law, rule or regulation, the Company shall
not be required to deliver to any Participant certificates evidencing shares of
Stock issued in connection with any Award and instead such shares of Stock
shall be recorded in the books of the Company (or, as applicable, its transfer
agent or stock plan administrator).

 

10.6                        Paperless Exercise. 
In the event that the Company establishes, for itself or using the
services of a third party, an automated system for the exercise of Awards, such
as a system using an internet website or interactive voice response, then the
paperless exercise of Awards by a Participant may be permitted through the use
of such an automated system.

 

ARTICLE 11

CHANGES IN
CAPITAL STRUCTURE

 

11.1                        Adjustments.

 

(a)                                  In the event
of any stock dividend, stock split, combination or exchange of shares, merger,
consolidation, spin-off, recapitalization or other distribution (other than
normal cash dividends) of Company assets to stockholders, or any other change
affecting the shares of Stock or the share price of the Stock, the Committee
shall make proportionate adjustments to any or all of the following in order to
reflect such change:  (a) the
aggregate number and kind of shares that may be issued under the Plan
(including, but not limited to, adjustments of the limitations in
Sections 3.1 and Section 3.3 hereof); (b) the terms and
conditions of any outstanding Awards (including, without limitation, any
applicable performance targets or criteria with respect thereto); and (c) the
grant or exercise price per share for any outstanding Awards under the
Plan.  Any adjustment affecting an Award
intended as Qualified Performance-Based Compensation shall be made consistent
with the requirements of Section 162(m) of the Code.

 

(b)                                 In the event
of any transaction or event described in Section 11.1(a) hereof or
any unusual or nonrecurring transactions or events affecting the Company, any
affiliate of the Company, or the financial statements of the Company or any
affiliate, or of changes in applicable laws, regulations or accounting principles,
the Committee, in its sole and absolute discretion, and on such terms and
conditions as it deems appropriate, either by the terms of the Award or by
action taken prior to the occurrence of such transaction or event and either
automatically or upon the Participant’s request, is hereby authorized to take
any one or more of the following actions in order to prevent dilution or
enlargement of the benefits or potential benefits intended to be made available
under the Plan or with respect to any Award under the Plan, to facilitate such
transactions or events or to give effect to such changes in laws, regulations
or principles:

 

(i)                                     To provide
for either (A) termination of any such Award in exchange for an amount of
cash, if any, equal to the amount that would have been attained upon the
exercise of such Award or realization of the Participant’s rights (and, for the
avoidance of doubt, if as of the date of the occurrence of the transaction or
event described in this Section 11.2 the Committee determines in good
faith that no amount would have been attained upon the exercise of such Award
or realization of the Participant’s rights, then such Award may be terminated
by the Company without payment) or (B) the replacement of such Award with
other rights or property selected by the Committee in its sole discretion;

 

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

 

12

 

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

 

(iv)                              To provide
that such Award shall be exercisable or payable or fully vested with respect to
all shares covered thereby, notwithstanding anything to the contrary in the
Plan or the applicable Award Agreement; and

 

(v)                                 To provide
that the Award cannot vest, be exercised or become payable after such event.

 

11.2                        Change of Control. 
Notwithstanding Section 11.1, and except as may otherwise be
provided in any applicable Award Agreement or other written agreement entered
into between the Company and a Participant, if a Change in Control occurs then
any surviving corporation or entity or acquiring corporation or entity, or
affiliate of such corporation or entity, may assume any or all Awards
outstanding under the Plan or may substitute comparable stock, cash or other
awards (including an award to acquire the same consideration paid to the
stockholders in the transaction described in this subsection) for those
outstanding under the Plan, which substituted awards may be subject to vesting
or the lapsing of restrictions, as applicable, on terms no less favorable to
the affected Holder than the terms of any Award for which such new award is substituted.  In the event any surviving corporation or
entity or acquiring corporation or entity in a Change of Control, or affiliate
of such corporation or entity, does not assume such Awards or does not
substitute similar stock, cash or other awards for those outstanding under the
Plan, then with respect to (i) Awards held by participants in the Plan
whose status as a Service Provider has not terminated prior to such event, the
vesting of such Awards (and, if applicable, the time during which such awards
may be exercised) shall be accelerated and made fully exercisable and all
restrictions thereon shall lapse not later than immediately prior to the
closing of the Change of Control (and any Options shall be terminated if not
exercised prior to the closing of such Change of Control), and (ii) any
other Options outstanding under the Plan, such Options shall be terminated if
not exercised prior to the closing of the Change of Control.

 

11.3                        No Other Rights. 
Except as expressly provided in the Plan, no Participant shall have any
rights by reason of any subdivision or consolidation of shares of stock of any
class, the payment of any dividend, any increase or decrease in the number of
shares of stock of any class or any dissolution, liquidation, merger, or
consolidation of the Company or any other corporation.  Except as expressly provided in the Plan or
pursuant to action of the Committee under the Plan, no issuance by the Company
of shares of stock of any class, or securities convertible into shares of stock
of any class, shall affect, and no adjustment by reason thereof shall be made
with respect to, the number of shares of Stock subject to an Award or the grant
or exercise price of any Award.

 

ARTICLE 12

ADMINISTRATION

 

12.1                        Committee. 
Unless and until the Board delegates administration of the Plan to a
Committee as set forth below, the Plan shall be administered by the full Board,
and for such purposes the term “Committee” as used in this Plan shall be deemed
to refer to the Board.  The Board, at its
discretion or as otherwise necessary to comply with the requirements of Section 162(m) of
the Code, Rule 16b-3 promulgated under the Exchange Act or to the extent
required by any other applicable rule or regulation, shall delegate
administration of the Plan to a Committee. 
Unless otherwise determined by the Board, the Committee shall consist
solely of two or more members of the Board each of whom is an “outside
director,” within the meaning of Section 162(m) of the Code.  Notwithstanding the foregoing:  (a) the full Board, acting by a majority
of its members in office, shall conduct the general administration of the Plan
with respect to all Awards granted to Independent Directors and for purposes of
such Awards the term “Committee” as used in this Plan shall be deemed to refer
to the Board and (b) the Committee may delegate its authority hereunder to
the extent permitted by Section 12.5. 
Appointment of Committee members shall be effective upon acceptance of
appointment.  In its sole discretion, the
Board may at any time and from time to time exercise any and all rights and
duties of the Committee under the Plan except with respect to matters which
under Rule 16b-3 under the Exchange Act or Section 162(m) of the
Code, or any regulations or rules issued thereunder, are required to 

 

13

 

be determined in the sole discretion
of the Committee.  Committee members may
resign at any time by delivering written notice to the Board.  Vacancies in the Committee may only be filled
by the Board.

 

12.2                        Action by the Committee. 
A majority of the Committee shall constitute a quorum.  The acts of a majority of the members present
at any meeting at which a quorum is present, and acts approved in writing by a
majority of the Committee in lieu of a meeting, shall be deemed the acts of the
Committee.  Each member of the Committee
is entitled to, in good faith, rely or act upon any report or other information
furnished to that member by any officer or other employee of the Company or any
Subsidiary, the Company’s independent certified public accountants, or any
executive compensation consultant or other professional retained by the Company
to assist in the administration of the Plan.

 

12.3                        Authority of Committee. 
Subject to any specific designation in the Plan, the Committee has the
exclusive power, authority and discretion to:

 

(a)                                  Designate
Participants to receive Awards;

 

(b)                                 Determine
the type or types of Awards to be granted to each Participant;

 

(c)                                  Determine
the number of Awards to be granted and the number of shares of Stock to which
an Award will relate;

 

(d)                                 Determine
the terms and conditions of any Award granted pursuant to the Plan, including,
but not limited to, the exercise price, grant price, or purchase price, any
restrictions or limitations on the Award, any schedule for lapse of forfeiture
restrictions or restrictions on the exercisability of an Award, and
accelerations or waivers thereof, any provisions related to non-competition and
recapture of gain on an Award, based in each case on such considerations as the
Committee in its sole discretion determines; provided, however, that the
Committee shall not have the authority to accelerate the vesting or waive the
forfeiture of any Performance-Based Awards;

 

(e)                                  Determine
whether, to what extent, and pursuant to what circumstances an Award may be
settled in, or the exercise price of an Award may be paid in, cash, Stock,
other Awards, or other property, or an Award may be canceled, forfeited or
surrendered;

 

(f)                                    Prescribe
the form of each Award Agreement, which need not be identical for each
Participant;

 

(g)                                 Decide all
other matters that must be determined in connection with an Award;

 

(h)                                 Establish,
adopt, or revise any rules and regulations as it may deem necessary or
advisable to administer the Plan;

 

(i)                                     Interpret
the terms of, and any matter arising pursuant to, the Plan or any Award
Agreement; and

 

(j)                                     Make all
other decisions and determinations that may be required pursuant to the Plan or
as the Committee deems necessary or advisable to administer the Plan.

 

12.4                        Decisions Binding. 
The Committee’s interpretation of the Plan, any Awards granted pursuant
to the Plan, any Award Agreement and all decisions and determinations by the
Committee with respect to the Plan are final, binding, and conclusive on all
parties.

 

12.5                        Delegation of Authority. 
To the extent permitted by applicable law, the Committee may from time
to time delegate to a committee of one or more members of the Board or one or
more officers of the Company the authority to grant or amend Awards to
Participants other than (a) senior executives of the Company who are 

 

14

 

subject to Section 16 of the
Exchange Act, (b) Covered Employees, or (c) officers of the Company
(or members of the Board) to whom authority to grant or amend Awards has been
delegated hereunder.  Any delegation
hereunder shall be subject to the restrictions and limits that the Committee
specifies at the time of such delegation, and the Committee may at any time
rescind the authority so delegated or appoint a new delegatee.  At all times, the delegatee appointed under
this Section 12.5 shall serve in such capacity at the pleasure of the
Committee.

 

ARTICLE 13

EFFECTIVE
AND EXPIRATION DATE

 

13.1                        Effective Date. 
The Plan is effective as of the date the Plan is approved by the Company’s
stockholders (the “Effective Date”).  The
Plan will be deemed to be approved by the stockholders if it receives the
affirmative vote of the holders of a majority of the shares of stock of the
Company present or represented and entitled to vote at a meeting duly held in
accordance with the applicable provisions of the Company’s Bylaws.

 

13.2                        Expiration Date. 
The Plan will expire on, and no Award may be granted pursuant to the
Plan after the tenth anniversary of the Effective Date, except that no
Incentive Stock Options may be granted under the Plan after the earlier of the
tenth anniversary of (i) the date the Plan is approved by the Board or (ii) the
Effective Date.  Any Awards that are
outstanding on the tenth anniversary of the Effective Date shall remain in
force according to the terms of the Plan and the applicable Award Agreement.

 

ARTICLE 14

AMENDMENT,
MODIFICATION, AND TERMINATION

 

14.1                        Amendment, Modification, and Termination.  Subject to Section 15.14, with the
approval of the Board, at any time and from time to time, the Committee may
terminate, amend or modify the Plan; provided, however, that (a) to the
extent necessary and desirable to comply with any applicable law, regulation,
or stock exchange rule, the Company shall obtain stockholder approval of any
Plan amendment in such a manner and to such a degree as required, and (b) stockholder
approval is required for any amendment to the Plan that (i) increases the
number of shares available under the Plan (other than any adjustment as
provided by Article 11), (ii) permits the Committee to grant Options with
an exercise price that is below Fair Market Value on the date of grant or (iii)
permits the Committee to extend the exercise period for an Option beyond ten
years from the date of grant. 
Notwithstanding any provision in this Plan to the contrary, absent
approval of the stockholders of the Company, no Option may be amended to reduce
the per share exercise price of the shares subject to such Option below the per
share exercise price as of the date the Option is granted and, except as
permitted by Article 11, no Option may be granted in exchange for, or in
connection with, the cancellation or surrender of an Option having a higher per
share exercise price.

 

14.2                        Awards Previously Granted. 
Except with respect to amendments made pursuant to Section 15.14,
no termination, amendment, or modification of the Plan shall adversely affect
in any material way any Award previously granted pursuant to the Plan without
the prior written consent of the Participant.

 

ARTICLE 15

GENERAL
PROVISIONS

 

15.1                        No Rights to Awards. 
No Eligible Individual or other person shall have any claim to be
granted any Award pursuant to the Plan, and neither the Company nor the
Committee is obligated to treat Eligible Individuals, Participants or any other
persons uniformly.

 

15.2                        No Stockholders Rights. 
Except as otherwise provided herein, a Participant shall have none of
the rights of a stockholder with respect to shares of Stock covered by any
Award until the Participant becomes the record owner of such shares of Stock.

 

15

 

15.3                        Withholding. 
The Company or any Subsidiary shall have the authority and the right to
deduct or withhold, or require a Participant to remit to the Company, an amount
sufficient to satisfy federal, state, local and foreign taxes (including the
Participant’s employment tax obligations) required by law to be withheld with
respect to any taxable event concerning a Participant arising as a result of
this Plan.  The Committee may in its
discretion and in satisfaction of the foregoing requirement allow a Participant
to elect to have the Company withhold shares of Stock otherwise issuable under
an Award (or allow the return of shares of Stock) having a Fair Market Value
equal to the sums required to be withheld. 
Notwithstanding any other provision of the Plan, the number of shares of
Stock which may be withheld with respect to the issuance, vesting, exercise or
payment of any Award (or which may be repurchased from the Participant of such
Award within six months (or such other period as may be determined by the
Committee) after such shares of Stock were acquired by the Participant from the
Company) in order to satisfy the Participant’s federal, state, local and
foreign income and payroll tax liabilities with respect to the issuance,
vesting, exercise or payment of the Award shall be limited to the number of
shares which have a Fair Market Value on the date of withholding or repurchase
equal to the aggregate amount of such liabilities based on the minimum
statutory withholding rates for federal, state, local and foreign income tax
and payroll tax purposes that are applicable to such supplemental taxable
income.

 

15.4                        No Right to Employment or Services.  Nothing in the Plan or any Award Agreement
shall interfere with or limit in any way the right of the Company or any
Subsidiary to terminate any Participant’s employment or services at any time,
nor confer upon any Participant any right to continue in the employ or service
of the Company or any Subsidiary.

 

15.5                        Unfunded Status of Awards. 
The Plan is intended to be an “unfunded” plan for incentive
compensation.  With respect to any
payments not yet made to a Participant pursuant to an Award, nothing contained
in the Plan or any Award Agreement shall give the Participant any rights that
are greater than those of a general creditor of the Company or any Subsidiary.

 

15.6                        Indemnification. 
To the extent allowable pursuant to applicable law, each member of the
Committee or of the Board shall be indemnified and held harmless by the Company
from any loss, cost, liability, or expense that may be imposed upon or
reasonably incurred by such member in connection with or resulting from any
claim, action, suit, or proceeding to which he or she may be a party or in
which he or she may be involved by reason of any action or failure to act
pursuant to the Plan and against and from any and all amounts paid by him or her
in satisfaction of judgment in such action, suit, or proceeding against him or
her; provided he or she gives the Company an opportunity, at its own expense,
to handle and defend the same before he or she undertakes to handle and defend
it on his or her own behalf.  The
foregoing right of indemnification shall not be exclusive of any other rights
of indemnification to which such persons may be entitled pursuant to the
Company’s Certificate of Incorporation or Bylaws, as a matter of law, or
otherwise, or any power that the Company may have to indemnify them or hold
them harmless.

 

15.7                        Relationship to other Benefits. 
No payment pursuant to the Plan shall be taken into account in
determining any benefits pursuant to any pension, retirement, savings, profit sharing,
group insurance, welfare or other benefit plan of the Company or any Subsidiary
except to the extent otherwise expressly provided in writing in such other plan
or an agreement thereunder.

 

15.8                        Expenses. 
The expenses of administering the Plan shall be borne by the Company and
its Subsidiaries.

 

15.9                        Titles and Headings. 
The titles and headings of the Sections in the Plan are for convenience
of reference only and, in the event of any conflict, the text of the Plan,
rather than such titles or headings, shall control.

 

15.10                 Fractional Shares. 
No fractional shares of Stock shall be issued and the Committee shall
determine, in its discretion, whether cash shall be given in lieu of fractional
shares or whether such fractional shares shall be eliminated by rounding up or
down as appropriate.

 

15.11                 Limitations Applicable to Section 16 Persons.  Notwithstanding any other provision of the
Plan, the Plan, and any Award granted or awarded to any Participant who is then
subject to Section 16 of the Exchange Act, shall be subject to any
additional limitations set forth in any applicable exemptive rule under Section 16
of the 

 

16

 

Exchange Act (including any amendment
to Rule 16b-3 under the Exchange Act) that are requirements for the
application of such exemptive rule.  To
the extent permitted by applicable law, the Plan and Awards granted or awarded
hereunder shall be deemed amended to the extent necessary to conform to such
applicable exemptive rule.

 

15.12                 Government and Other Regulations.  The obligation of the Company to make payment
of awards in Stock or otherwise shall be subject to all applicable laws, rules,
and regulations, and to such approvals by government agencies as may be
required.  The Company shall be under no
obligation to register pursuant to the Securities Act, as amended, any of the
shares of Stock paid pursuant to the Plan. 
If the shares paid pursuant to the Plan may in certain circumstances be
exempt from registration pursuant to the Securities Act, as amended, the
Company may restrict the transfer of such shares in such manner as it deems
advisable to ensure the availability of any such exemption.

 

15.13                 Governing Law. 
The Plan and all Award Agreements shall be construed in accordance with and
governed by the laws of the State of Delaware.

 

15.14                 Section 409A. 
To the extent that the Committee determines that any Award granted under
the Plan is subject to Section 409A of the Code, the Award Agreement
evidencing such Award shall incorporate the terms and conditions required by Section 409A
of the Code.  To the extent applicable,
the Plan and Award Agreements shall be interpreted in accordance with Section 409A
of the Code and Department of Treasury regulations and other interpretive
guidance issued thereunder, including without limitation any such regulations
or other guidance that may be issued after the Effective Date.  Notwithstanding any provision of the Plan to
the contrary, in the event that following the Effective Date the Committee determines
that any Award may be subject to Section 409A of the Code and related
Department of Treasury guidance (including such Department of Treasury guidance
as may be issued after the Effective Date), the Committee may adopt such
amendments to the Plan and the applicable Award Agreement or adopt other
policies and procedures (including amendments, policies and procedures with
retroactive effect), or take any other actions, that the Committee determines
are necessary or appropriate to (a) exempt the Award from Section 409A
of the Code and/or preserve the intended tax treatment of the benefits provided
with respect to the Award, or (b) comply with the requirements of Section 409A
of the Code and related Department of Treasury guidance.

 

17

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