Document:

EXHIBIT 4.2
                                  -----------

                 FORM OF ONLINE VACATION CENTER HOLDINGS CORP.
                           RESTRICTED SHARE AGREEMENT

                                 March ___, 2006

         THIS AGREEMENT, made as of the __th day of March, 2006 (the "Date of
Grant"), between Online Vacation Center Holdings Corp., a Florida corporation
(the "Company"), and _____________ (the "Grantee").

         WHEREAS, the Company has adopted the 2005 Management and Director
Equity Incentive and Compensation Plan (the "Plan") in order to provide
additional incentive to certain employees, directors and consultants of the
Company and its subsidiaries; and

         WHEREAS, the Committee has determined to grant to the Grantee an Award
of Restricted Shares as provided herein to encourage the Grantee's efforts
toward the continuing success of the Company.

         NOW, THEREFORE, the parties hereto agree as follows:

         1. Grant of Restricted Shares.

            1.1. The Company hereby grants to the Grantee an award of ________
Restricted Shares at a price of [not less than par value] per Share (the
"Award"). Restricted Shares granted pursuant to the Award shall be issued in the
form of book entry Shares in the name of the Grantee as soon as reasonably
practicable after the Date of Grant and shall be subject to the execution and
return of this Agreement by the Grantee (or the Grantee's estate, if applicable)
to the Company as provided in Section 8 hereof.

            1.2. This Agreement shall be construed in accordance and consistent
with, and subject to, the provisions of the Plan (the provisions of which are
hereby incorporated by reference) and, except as otherwise expressly set forth
herein, the capitalized terms used in this Agreement shall have the same
definitions as set forth in the Plan.

         2. Restrictions on Transfer.

         The Restricted Shares issued under this Agreement may not be sold,
transferred, pledged, assigned or otherwise encumbered until all restrictions on
such Restricted Shares shall have lapsed in the manner provided in Section 3 or
4 hereof.

         3. Lapse of Restrictions Generally. Except as provided in Sections 4
and 5 hereof, twenty percent (20%) of the number of Restricted Shares issued
hereunder (rounded up to the next whole Share, if necessary) shall vest, and the
restrictions with respect to such Restricted Shares shall lapse, on the Date of
Grant and subsequently on each anniversary of the Date of Grant.

         4. Effect of Change in Control.

         If the Board so determines, in the event of a Change in Control at any
time on or after the Date of Grant, all Restricted Shares which have not become
vested in accordance with Section 3 hereof shall vest, and the restrictions on
such Restricted Shares shall lapse, immediately.

         5. Forfeiture of Restricted Stock.

         In addition to the circumstance described in Section 8 hereof, any and
all Restricted Shares which have not become vested in accordance with Section 3
<PAGE>
or 4 hereof shall be forfeited and shall revert to the Company upon any
termination of the Grantee's employment with the Company or any of its
subsidiaries. The Grantee shall forfeit all Restricted Shares, including those
previously vested, upon termination of the Grantee's employment with the Company
or any of its subsidiaries for, or the commission of an act constituting, Cause.

         6. Delivery of Restricted Shares.

         Evidence of book entry Shares with respect to Restricted Shares in
respect of which the restrictions have lapsed pursuant to Section 3 or 4 hereof
or, if requested by the Grantee prior to such lapse of restrictions, a stock
certificate with respect to such Restricted Shares, shall be delivered to the
Grantee as soon as practicable following the date on which the restrictions on
such Restricted Shares have lapsed, free of all restrictions hereunder.

         7. Dividends and Voting Rights.

         Subject to Section 8 hereof, upon issuance of the Restricted Shares,
the Grantee shall have all of the rights of a stockholder with respect to such
Shares, including the right to vote the Shares and to receive all dividends or
other distributions paid or made with respect thereto; provided, however, that
dividends or distributions declared or paid on the Restricted Shares by the
Company shall be deferred and reinvested in Restricted Shares based on the Fair
Market Value of a Share on the date such dividend or distribution is paid or
made (provided that no fractional Shares will be issued), and the additional
Restricted Shares thus acquired shall be subject to the same restrictions on
transfer, forfeiture and vesting schedule as the Restricted Shares in respect of
which such dividends or distributions were made.

         8. Execution of Award Agreement.

         The Restricted Shares granted to the Grantee pursuant to the Award
shall be subject to the Grantee's execution and return of this Agreement to the
Company or its designee (including by electronic means, if so provided) no later
than March, ____ 2006.

         9. No Right to Continued Employment.

         Nothing in this Agreement or the Plan shall interfere with or limit in
any way the right of the Company or its subsidiaries to terminate the Grantee's
employment, nor confer upon the Grantee any right to continuance of employment
by the Company or any of its subsidiaries or continuance of service as a Board
member.

         10. Withholding of Taxes.

         Prior to the delivery to the Grantee (or the Grantee's estate, if
applicable) of a stock certificate or evidence of book entry Shares with respect
to Restricted Shares in respect of which all restrictions have lapsed, the
Grantee (or the Grantee's estate) shall pay to the Company in cash the federal,
state and local income taxes and other amounts as may be required by law to be
withheld by the Company with respect to such Restricted Shares.

         11. Grantee Bound by the Plan.

         The Grantee hereby acknowledges receipt of a copy of the Plan and
agrees to be bound by all the terms and provisions thereof.

         12. Modification of Agreement.

         This Agreement may be modified, amended, suspended or terminated, and

                                       2
<PAGE>
any terms or conditions may be waived, but only by a written instrument executed
by the parties hereto.

         13. Severability.

         Should any provision of this Agreement be held by a court of competent
jurisdiction to be unenforceable or invalid for any reason, the remaining
provisions of this Agreement shall not be affected by such holding and shall
continue in full force in accordance with their terms.

         14. Governing Law.

         The validity, interpretation, construction and performance of this
Agreement shall be governed by the laws of the State of Florida without giving
effect to the conflicts of laws principles thereof.

         15. Successors in Interest.

         This Agreement shall inure to the benefit of and be binding upon any
successor to the Company. This Agreement shall inure to the benefit of the
Grantee's legal representatives. All obligations imposed upon the Grantee and
all rights granted to the Company under this Agreement shall be binding upon the
Grantee's heirs, executors, administrators and successors.

         16. Resolution of Disputes.

         Any dispute or disagreement which may arise under, or as a result of,
or in any way relate to, the interpretation, construction or application of this
Agreement shall be determined by the Committee. Any determination made hereunder
shall be final, binding and conclusive on the Grantee, the Grantee's heirs,
executors, administrators and successors, and the Company and its subsidiaries
for all purposes.

         17. Entire Agreement.

         This Agreement and the terms and conditions of the Plan constitute the
entire understanding between the Grantee and the Company and its subsidiaries,
and supersede all other agreements, whether written or oral, with respect to the
Award.

         18. Headings.

         The headings of this Agreement are inserted for convenience only and do
not constitute a part of this Agreement.

         19. Counterparts.

         This Agreement may be executed simultaneously in two or more
counterparts, each of which shall constitute an original, but all of which taken
together shall constitute one and the same agreement.

                                       3
<PAGE>
                                           ONLINE VACATION CENTER HOLDINGS CORP.

                                           By:
                                              _________________________________

                                           Name: ______________________________

                                           Title:______________________________

                                           GRANTEE

                                           _____________________________________

                                        4EXHIBIT 4.3
                                   -----------

                 FORM OF ONLINE VACATION CENTER HOLDINGS CORP.
                  2005 MANAGEMENT AND DIRECTOR EQUITY INCENTIVE
                              AND COMPENSATION PLAN
                       NONQUALIFIED STOCK OPTION AGREEMENT

         THIS AGREEMENT, made as of the day of March, 2006 (the "Grant Date"),
between Online Vacation Center Holdings Corp., a Florida corporation (the
"Company"), and (the "Grantee").

         WHEREAS, the Company has adopted the 2005 Management and Director
Equity Incentive and Compensation Plan (the "Plan") in order to provide an
additional incentive to certain employees, directors and consultants of the
Company and its subsidiaries; and

         WHEREAS, the Committee responsible for administration of the Plan has
determined to grant an option to the Grantee as provided herein;

         NOW, THEREFORE, the parties hereto agree as follows:

                1. Grant of Option.

                   1.1 The Company hereby grants to the Grantee the right and
option (the "Option") to purchase all or any part of an aggregate of whole
Shares subject to, and in accordance with, the terms and conditions set forth in
this Agreement.

                   1.2 The Option is not intended to qualify as an Incentive
Stock Option.

                   1.3 This Agreement shall be construed in accordance and
consistent with, and subject to, the provisions of the Plan (the provisions of
which are incorporated herein by reference); and, except as otherwise expressly
set forth herein, the capitalized terms used in this Agreement shall have the
same definitions as set forth in the Plan.

                2. Purchase Price.

                The price at which the Grantee shall be entitled to purchase
Shares upon the exercise of the Option shall be $__________ per Share.

                3. Duration of Option.

                The Option shall be exercisable to the extent and in the manner
provided herein for a period of five (5) years from the Grant Date (the
"Exercise Term"); provided, however, that the Option may be earlier terminated
as provided in Section 6 hereof.

                4. Vesting and Exercisability of Option.

                Unless otherwise provided in this Agreement or the Plan, the
Option shall entitle the Grantee to purchase, in whole at any time or in part
from time to time, one hundred percent (100%) of the total number of Shares
covered by the Option after the expiration of two (2) years from the Grant Date
[Note different vesting periods must be reflected in the form, revise if
applicable, before executing], and each such right of purchase shall be
cumulative and shall continue, unless sooner exercised as herein provided,
during the remaining period of the Exercise Term. Any fractional number of
Shares resulting from the application of the percentages set forth in this
Section 4 shall be rounded to the next higher whole number of Shares.
<PAGE>
                5. Manner of Exercise and Payment.

                   5.1 Subject to the terms and conditions of this Agreement and
the Plan, the Option may be exercised by delivery of written notice to the
Company, at its principal executive office. Such notice shall state that the
Grantee is electing to exercise the Option and the number of Shares in respect
of which the Option is being exercised and shall be signed by the person or
persons exercising the Option. If requested by the Committee, such person or
persons shall (i) deliver this Agreement to the Secretary of the Company who
shall endorse on this Agreement a notation of such exercise and (ii) provide
satisfactory proof as to the right of such person or persons to exercise the
Option.

                   5.2 The notice of exercise described in Section 5.1 shall be
accompanied by the full purchase price for the Shares in respect of which the
Option is being exercised, by certified or bank cashier's check or other form of
payment acceptable to the Company, or, if indicated in the notice, such payment
shall follow by check from a registered broker acting as agent on behalf of the
Grantee.

                   5.3 Upon receipt of notice of exercise and full payment for
the Shares in respect of which the Option is being exercised, the Company shall,
subject to this Agreement and the Plan, take such action as may be necessary to
effect the transfer to the Grantee of the number of Shares as to which such
exercise was effective.

                   5.4 The Grantee shall not be deemed to be the holder of, or
to have any of the rights of a holder with respect to any Shares subject to the
Option until (i) the Option shall have been exercised pursuant to the terms of
this Agreement and the Grantee shall have paid the full purchase price for the
number of Shares in respect of which the Option was exercised, (ii) the Company
shall have issued and delivered the Shares to the Grantee, and (iii) the
Grantee's name shall have been entered as a stockholder of record on the books
of the Company, whereupon the Grantee shall have full voting and other ownership
rights with respect to such Shares.

                6. Termination of Employment.

                   6.1 Death or Disability. If the Grantee's employment,
membership on the Board of Directors of the Company or engagement as a
consultant to the Company terminates by reason of the Grantee's death or
permanent disability (as defined in Section 22(e)(3) of the Code), then (i)
unless otherwise determined by the Committee within 60 days of such death or
permanent disability, to the extent an Option held by the Grantee is not vested
as of the date of death or disability, such Option shall automatically terminate
on such date, and (ii) to the extent that an Option held by the Grantee is
vested as of the date of death or disability, such Option may thereafter be
exercised by the Grantee, the legal representative of the Grantee's estate, the
legatee of the Grantee under the will of the Grantee, or the distributee of the
Grantee's estate, whichever is applicable, for a period of one year from the
date of death or disability or until the expiration of the stated term of such
Option, whichever period is shorter.

                   6.2 Other Termination of Employment. If the Grantee's
employment, membership on the Board of Directors of the Company or engagement as
a consultant to the Company terminates other than (1) by reason of death or
permanent disability or (2) for Cause, then (i) to the extent that any Option
held by the Grantee is not vested as of the date of such termination, such
Option shall automatically terminate on such date; and (ii) to the extent an
Option held by such Grantee is vested as of the date of termination, such Option
may thereafter be exercised for a period of 90 days from the date of such
termination or until the expiration of the stated term of the Option, whichever
                                       2
<PAGE>
period is shorter; provided that, upon the termination of the Grantee's
employment, membership on the Board of Directors or engagement as a consultant
by the Company or its subsidiaries for, or the commission by the Grantee of an
act constituting, Cause, any and all unexercised Options granted to the Grantee
shall immediately lapse and be of no further force or effect.

                   6.3 No Extension of Exercise Term. Notwithstanding the terms
of Section 6.1 and 6.2, in no event may the Option be exercised by anyone after
its expiration as set forth herein.

                7. Effect of Change of Control.

                Notwithstanding anything contained in this Agreement to the
contrary, in the event of a Change in Control, the Board may, at its option, (i)
accelerate the vesting of all or a portion of the Option, and/or (ii) terminate
any or all unexercised Options and portions thereof, but not later than 30 days
after such Change in Control. In connection with any such termination, the
Company may, in its sole discretion, with respect to each Option so terminated,
pay to the Grantee (or such Grantee's transferee, if applicable) theretofore
holding such Option cash in an amount equal to the difference between the fair
market value (as defined in Section 5.2, above) of the Shares subject to the
Option at the time the company exercises its option under this Section 7 and the
exercise price of the Option; and provided further that if such fair market
value is less than such exerise price, then the Committee may, in its
discretion, terminate such Option without any payment.

                8. No Right to Continued Employment.

                Nothing in this Agreement or the Plan shall be interpreted or
construed to confer upon the Grantee any right with respect to continuance of
employment by the Company or any subsidiary, nor shall this Agreement or the
Plan interfere in any way with the right of the Company or any subsidiary to
terminate the Grantee's employment therewith at any time, with or without Cause.

                9. Effect of Certain Transactions.

                Subject to Section 7 hereof, upon the effective date of the
liquidation, dissolution, merger or consolidation of the Company (in each case,
a "Transaction"), the Option shall continue in effect in accordance with its
terms, except that following a Transaction either (a) the Option shall be
treated as provided for in the plan or agreement entered into in connection with
the Transaction (the "Transaction Agreement") or (b) if not so provided in the
Transaction Agreement, the Grantee shall be entitled to receive in respect of
all Shares subject to the Option, upon exercise of the Option, the same number
and kind of stock, securities, cash, property or other consideration that each
holder of Shares was entitled to receive in the Transaction.

                10. Withholding of Taxes.

                The Company shall have the right to deduct from any distribution
of cash to any Grantee, an amount equal to the federal, state and local income
taxes and other amounts as may be required by law to be withheld (the
"Withholding Taxes") with respect to the Option. If a Grantee is entitled to
receive Shares upon exercise of the Option, the Grantee shall pay the
Withholding Taxes to the Company in cash prior to the issuance of such Shares.

                Payment of the applicable Withholding Taxes may be made in any
one or any combination of the following, as determined by the Committee: (i)
cash, (ii) restricted or unrestricted Shares owned by the Grantee prior to the
exercise of the Option and valued at its fair market value on the business day
immediately preceding the date of exercise, or (iii) by making a Tax Election
(as described below). For purposes of this Article 10, a Grantee may make a
                                       3
<PAGE>
written election (the "Tax Election"), which may be accepted or rejected at the
discretion of the Committee, to have withheld a portion of the Shares issuable
to him or her upon exercise of the Option and valued at its fair market value on
the date preceding the date of exercise, equal to the Withholding Taxes.

                11. Grantee Bound by the Plan.

                The Grantee hereby acknowledges receipt of a copy of the Plan
and agrees to be bound by all the terms and provisions thereof.

                12. Modification of Agreement.

                This Agreement may be modified, amended, suspended or
terminated, and any terms or conditions may be waived, but only by a written
instrument executed by the parties hereto. No waiver by either party hereto of
any breach by the other party hereto of any provision of this Agreement to be
performed by such other party shall be deemed a waiver of similar or dissimilar
provisions at the time or at any prior or subsequent time.

                13. Severability.

                Should any provision of this Agreement be held by a court of
competent jurisdiction to be unenforceable or invalid for any reason, the
remaining provisions of this Agreement shall not be affected by such holding and
shall continue in full force in accordance with their terms.

                14. Governing Law.

                The validity, interpretation, construction and performance of
this Agreement shall be governed by the laws of the State of Florida without
giving effect to the conflicts of laws principles thereof.

                15. Successors in Interest.

                This Agreement shall inure to the benefit of and be binding upon
any successor to the Company. This Agreement shall inure to the benefit of the
Grantee's legal representatives. All obligations imposed upon the Grantee and
all rights granted to the Company under this Agreement shall be final, binding
and conclusive upon the Grantee's beneficiaries, heirs, executors,
administrators and successors.

                16. Resolution of Disputes.

                Any dispute or disagreement which may arise under, or as a
result of, or in any way relate to, the interpretation, construction or
application of this Agreement shall be determined by the Committee. Any
determination made hereunder shall be final, binding and conclusive on the
Grantee and the Company for all purposes.

                17. Consent to Jurisdiction.

                Each of the parties hereby (a) agrees to personal jurisdiction
in any suit, proceeding or action at law or in equity (hereinafter referred to
as an "Action") arising out of or relating to the Plan or this Agreement brought
in any state or federal court in the State of Florida having subject matter
jurisdiction, (b) agrees that such jurisdiction shall be exclusive and that no
action arising out of or relating to the Plan or this Agreement shall be brought
in any state or federal court other than that in the State of Florida, (c)
waives any objection which the party may have now or hereafter to the laying of
the venue of any such action and (d) waives any claim or defense of inconvenient
forum.
                                       4
<PAGE>

                                            ONLINE VACATION CENTER
                                            HOLDINGS CORP.

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

                                            GRANTEE

Date:                                       By:
      ------------------------------                 ---------------------------

Name:
      ------------------------------

                                       5
<PAGE>
                                     FORM OF
                      ONLINE VACATION CENTER HOLDINGS CORP.
                  2005 MANAGEMENT AND DIRECTOR EQUITY INCENTIVE
                              AND COMPENSATION PLAN
                        INCENTIVE STOCK OPTION AGREEMENT

         THIS AGREEMENT, made as of the day of March, 2006 (the "Grant Date"),
between Online Vacation Center Holdings Corp., a Florida corporation (the
"Company"), and (the "Grantee").

         WHEREAS, the Company has adopted the 2005 Management and Director
Equity Incentive and Compensation Plan (the "Plan") in order to provide an
additional incentive to certain employees of the Company and its subsidiaries;
and

         WHEREAS, the Committee responsible for administration of the Plan has
determined to grant an option to the Grantee as provided herein;

         NOW, THEREFORE, the parties hereto agree as follows:

                1. Grant of Option.

                   1.1 The Company hereby grants to the Grantee the right and
option (the "Option") to purchase all or any part of an aggregate of whole
Shares subject to, and in accordance with, the terms and conditions set forth in
this Agreement.

                   1.2 The Option is intended to qualify as an Incentive Stock
Option ("ISO") under Section 422 of the Internal Revenue Code of 1986, as
amended (the "Code").

                   1.3 This Agreement shall be construed in accordance and
consistent with, and subject to, the provisions of the Plan (the provisions of
which are incorporated herein by reference); and, except as otherwise expressly
set forth herein, the capitalized terms used in this Agreement shall have the
same definitions as set forth in the Plan.

                2. Purchase Price.

                The price at which the Grantee shall be entitled to purchase
Shares upon the exercise of the Option shall be $__________ per Share.

                3. Duration of Option.

                The Option shall be exercisable to the extent and in the manner
provided herein for a period of five (5) years from the Grant Date (the
"Exercise Term"); provided, however, that the Option may be earlier terminated
as provided in Section 6 hereof.

                4. Vesting and Exercisability of Option.

                Unless otherwise provided in this Agreement or the Plan, the
Option shall entitle the Grantee to purchase, in whole at any time or in part
from time to time, one hundred percent (100%) of the total number of Shares
covered by the Option after the expiration of two (2) years from the Grant Date
[Note different vesting periods must be reflected in the form, revise if
applicable, before executing], and each such right of purchase shall be
cumulative and shall continue, unless sooner exercised as herein provided,
during the remaining period of the Exercise Term. Any fractional number of
Shares resulting from the application of the percentages set forth in this
Section 4 shall be rounded to the next higher whole number of Shares.
<PAGE>
                5. Manner of Exercise and Payment.

                   5.1 Subject to the terms and conditions of this Agreement and
the Plan, the Option may be exercised by delivery of written notice to the
Company, at its principal executive office. Such notice shall state that the
Grantee is electing to exercise the Option and the number of Shares in respect
of which the Option is being exercised and shall be signed by the person or
persons exercising the Option. If requested by the Committee, such person or
persons shall (i) deliver this Agreement to the Secretary of the Company who
shall endorse on this Agreement a notation of such exercise and (ii) provide
satisfactory proof as to the right of such person or persons to exercise the
Option.

                   5.2 The notice of exercise described in Section 5.1 shall be
accompanied by the full purchase price for the Shares in respect of which the
Option is being exercised, by certified or bank cashier's check or other form of
payment acceptable to the Company, or, if indicated in the notice, such payment
shall follow by check from a registered broker acting as agent on behalf of the
Grantee.

                   5.3 Upon receipt of notice of exercise and full payment for
the Shares in respect of which the Option is being exercised, the Company shall,
subject to this Agreement and the Plan, take such action as may be necessary to
effect the transfer to the Grantee of the number of Shares as to which such
exercise was effective.

                   5.4 The Grantee shall not be deemed to be the holder of, or
to have any of the rights of a holder with respect to any Shares subject to the
Option until (i) the Option shall have been exercised pursuant to the terms of
this Agreement and the Grantee shall have paid the full purchase price for the
number of Shares in respect of which the Option was exercised, (ii) the Company
shall have issued and delivered the Shares to the Grantee, and (iii) the
Grantee's name shall have been entered as a stockholder of record on the books
of the Company, whereupon the Grantee shall have full voting and other ownership
rights with respect to such Shares.

                6. Termination of Employment.

                   6.1 Death or Disability. If the Grantee's employment
terminates by reason of the Grantee's death or permanent disability (as defined
in Section 22(e)(3) of the Code), then (i) unless otherwise determined by the
Committee within 60 days of such death or permanent disability, to the extent an
Option held by the Grantee is not vested as of the date of death or disability,
such Option shall automatically terminate on such date, and (ii) to the extent
that an Option held by the Grantee is vested as of the date of death or
disability, such Option may thereafter be exercised by the Grantee, the legal
representative of the Grantee's estate, the legatee of the Grantee under the
will of the Grantee, or the distributee of the Grantee's estate, whichever is
applicable, for a period of one year from the date of death or disability or
until the expiration of the stated term of such Option, whichever period is
shorter.

                   6.2 Other Termination of Employment. If the Grantee's
employment terminates other than (1) by reason of death or permanent disability
or (2) for Cause, then (i) to the extent that any Option held by the Grantee is
not vested as of the date of such termination, such Option shall automatically
terminate on such date; and (ii) to the extent an Option held by such Grantee is
vested as of the date of termination, such Option may thereafter be exercised
for a period of 90 days from the date of such termination or until the
expiration of the stated term of the Option, whichever period is shorter;
provided that, upon the termination of the Grantee's employment by the Company
or its subsidiaries for, or the commission by the Grantee of an act
                                       2
<PAGE>
constituting, Cause, any and all unexercised Options granted to the Grantee
shall immediately lapse and be of no further force or effect.

                   6.3 No Extension of Exercise Term. Notwithstanding the terms
of Section 6.1 and 6.2, in no event may the Option be exercised by anyone after
its expiration as set forth herein.

                7. Effect of Change of Control.

                Notwithstanding anything contained in this Agreement to the
contrary, in the event of a Change in Control, the Board may, at its option, (i)
accelerate the vesting of all or a portion of the Option, and/or (ii) terminate
any or all unexercised Options and portions thereof, but not later than 30 days
after such Change in Control. In connection with any such termination, the
Company may, in its sole discretion, with respect to each Option so terminated,
pay to the Grantee (or such Grantee's transferee, if applicable) theretofore
holding such Option cash in an amount equal to the difference between the fair
market value (as defined in Section 5.2, above) of the Shares subject to the
Option at the time the company exercises its option under this Section 7 and the
exercise price of the Option; and provided further that if such fair market
value is less than such exerise price, then the Committee may, in its
discretion, terminate such Option without any payment.

                8. No Right to Continued Employment.

                Nothing in this Agreement or the Plan shall be interpreted or
construed to confer upon the Grantee any right with respect to continuance of
employment by the Company or any subsidiary, nor shall this Agreement or the
Plan interfere in any way with the right of the Company or any subsidiary to
terminate the Grantee's employment therewith at any time, with or without Cause.

                9. Effect of Certain Transactions.

                Subject to Section 7 hereof, upon the effective date of the
liquidation, dissolution, merger or consolidation of the Company (in each case,
a "Transaction"), the Option shall continue in effect in accordance with its
terms, except that following a Transaction either (a) the Option shall be
treated as provided for in the plan or agreement entered into in connection with
the Transaction (the "Transaction Agreement") or (b) if not so provided in the
Transaction Agreement, the Grantee shall be entitled to receive in respect of
all Shares subject to the Option, upon exercise of the Option, the same number
and kind of stock, securities, cash, property or other consideration that each
holder of Shares was entitled to receive in the Transaction.

                10. Withholding of Taxes.

                The Company shall have the right to deduct from any distribution
of cash to any Grantee, an amount equal to the federal, state and local income
taxes and other amounts as may be required by law to be withheld (the
"Withholding Taxes") with respect to the Option. If a Grantee is entitled to
receive Shares upon exercise of the Option, the Grantee shall pay the
Withholding Taxes to the Company in cash prior to the issuance of such Shares.

                Payment of the applicable Withholding Taxes may be made in any
one or any combination of the following, as determined by the Committee: (i)
cash, (ii) restricted or unrestricted Shares owned by the Grantee prior to the
exercise of the Option and valued at its fair market value on the business day
immediately preceding the date of exercise, or (iii) by making a Tax Election
(as described below). For purposes of this Article 10, a Grantee may make a
written election (the "Tax Election"), which may be accepted or rejected at the
discretion of the Committee, to have withheld a portion of the Shares issuable
to him or her upon exercise of the Option and valued at its fair market value on
                                       3
<PAGE>
the date preceding the date of exercise, equal to the Withholding Taxes.

                11. Grantee Bound by the Plan.

                The Grantee hereby acknowledges receipt of a copy of the Plan
and agrees to be bound by all the terms and provisions thereof.

                12. Modification of Agreement.

                This Agreement may be modified, amended, suspended or
terminated, and any terms or conditions may be waived, but only by a written
instrument executed by the parties hereto. No waiver by either party hereto of
any breach by the other party hereto of any provision of this Agreement to be
performed by such other party shall be deemed a waiver of similar or dissimilar
provisions at the time or at any prior or subsequent time.

                13. Severability.

                Should any provision of this Agreement be held by a court of
competent jurisdiction to be unenforceable or invalid for any reason, the
remaining provisions of this Agreement shall not be affected by such holding and
shall continue in full force in accordance with their terms.

                14. Governing Law.

                The validity, interpretation, construction and performance of
this Agreement shall be governed by the laws of the State of Florida without
giving effect to the conflicts of laws principles thereof.

                15. Successors in Interest.

                This Agreement shall inure to the benefit of and be binding upon
any successor to the Company. This Agreement shall inure to the benefit of the
Grantee's legal representatives. All obligations imposed upon the Grantee and
all rights granted to the Company under this Agreement shall be final, binding
and conclusive upon the Grantee's beneficiaries, heirs, executors,
administrators and successors.

                16. Resolution of Disputes.

                Any dispute or disagreement which may arise under, or as a
result of, or in any way relate to, the interpretation, construction or
application of this Agreement shall be determined by the Committee. Any
determination made hereunder shall be final, binding and conclusive on the
Grantee and the Company for all purposes.

                17. Consent to Jurisdiction.

                Each of the parties hereby (a) agrees to personal jurisdiction
in any suit, proceeding or action at law or in equity (hereinafter referred to
as an "Action") arising out of or relating to the Plan or this Agreement brought
in any state or federal court in the State of Florida having subject matter
jurisdiction, (b) agrees that such jurisdiction shall be exclusive and that no
action arising out of or relating to the Plan or this Agreement shall be brought
in any state or federal court other than that in the State of Florida, (c)
waives any objection which the party may have now or hereafter to the laying of
the venue of any such action and (d) waives any claim or defense of inconvenient
forum.

                                       4
<PAGE>
                                            ONLINE VACATION CENTER
                                            HOLDINGS CORP.

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

                                            GRANTEE

Date:                                       By:
      ------------------------------            --------------------------------

                                        5

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