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                                                                    EXHIBIT 10.1

                           TAUNTON TECHNOLOGIES, INC.
                                STOCK OPTION PLAN

                      (As amended through November 9, 2004)

         SECTION 1. Establishment. There is hereby established the Stock Option
Plan, pursuant to which employees and any other persons who perform substantial
services for or on behalf of TAUNTON TECHNOLOGIES, INC. (the "Company") and its
subsidiaries may be granted options to purchase shares of common stock of the
Company, par value $.01 per share ("Common Stock"), and thereby share in the
future growth of the business. The subsidiaries of the Company included in this
Plan (the "Subsidiaries") shall be any subsidiary of the Company as defined in
Section 425 of the Internal Revenue Code of 1986, as amended (the "Code").

         SECTION 2. Status of Options. The options which may be granted pursuant
to this Plan will constitute either incentive stock options within the meaning
of Section 422A of the Code ("Incentive Stock Options") or options which are not
Incentive Stock Options ("Non-incentive Stock Options"). Incentive Stock Options
and Non-incentive Stock Options shall be collectively referred to herein as
"Options".

         SECTION 3. Eligibility. All employees of the Company or any of its
Subsidiaries (including officers, whether or not they are members of the Board
of Directors) who are employed at the time of the adoption of this Plan or
thereafter, and any other persons who perform substantial services for or on
behalf of the Company or any of its Subsidiaries (collectively, the "optionees")
shall be eligible to be granted Non-incentive Stock Options to purchase shares
of Common Stock under this Plan. All employees of the Company or any of its
Subsidiaries who are employed at the time of adoption of this Plan or thereafter
shall be eligible to be granted Incentive Stock Options under this Plan.
Notwithstanding any provision hereof, no person who, at the relevant time is a
member of the "Committee" (as defined in Section 2(a)), shall be eligible to
receive Options under this Plan.

         SECTION 4. Number of Shares covered by Options; No Preemptive Rights.
The total number of shares which may be issued and sold pursuant to Options
granted under this Plan shall .be 330,000 shares of Common Stock (or the number
and kind of shares of stock or other securities which, in accordance with
Section 7 of this Plan, shall be substituted for such shares of Common Stock or
to which said shares shall be adjusted; hereinafter, all references to shares of
Common Stock are deemed to be references to said shares or shares so adjusted.)
The issuance of said shares shall be free from any preemptive or preferential
right of subscription or purchase on the part of any stockholder.

         SECTION 5. Administration.

                  (a) This Plan shall be administered by the committee (the
"Committee") referred to in paragraph (b) of this Section. Subject to the
express provisions of this Plan, the Committee shall have complete authority, in
its discretion, to interpret this Plan, to prescribe, amend and rescind
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rules and regulations relating to it, to determine the terms and provisions of
the respective option agreements (which need not be identical), to determine the
optionees to whom, and the times and the prices at which, Options shall be
granted, the option periods, the number of shares of the Common Stock to be
subject to each Option and to identify each Option as either an Incentive Stock
Option or a Non-incentive Stock Option, and to make all other determinations
necessary or advisable for the administration of the Plan. Each Option shall be
clearly identified at the time of grant as to its status. In making such
determinations, the Committee may take into account the nature of the services
rendered by the respective optionees, their present and potential contributions
to the success of the Company and such other factors as the Committee, in its
discretion, shall deem relevant. The Committee's determination on all of the
matters referred to in this Section 5 shall be conclusive. Nothing contained in
this Plan shall be deemed to give any optionee any right to be granted an Option
to purchase shares of Common Stock except to the extent and upon such terms and
conditions as may be determined by the Committee.

                  (b) The Committee shall consist of from two (2) to five (5)
individuals who shall be members of the Board. Each member of the Committee
shall be a person who is not, and who, during the period of one year ending on
the date of his appointment to the Committee, has not been, eligible for
selection as a person to whom stock options, warrants or similar rights
(including stock appreciation rights) may be granted under this Plan and/or any
other plan of the Company. The Committee shall be appointed by the Board, which
may at any time, and from time to time, remove any member of the Committee, with
or without cause, appoint additional members to the Committee and fill
vacancies, however caused, in the Committee. A majority of the members of the
Committee shall constitute a quorum and determinations of the Committee shall be
made by a majority of the members present at a meeting duly called and held. An/
decision or determination of the Committee reduced to writing and signed by all
of the members of the Committee shall be fully as effective as if it had been
made at a meeting duly called and held.

                  (c) Notwithstanding any provision hereof to the contrary the
Committee shall have sole and exclusive authority with respect to the grant of
Options to directors.

         SECTION 6. Terms of Options. Each Option granted under this Plan shall
be evidenced by a Stock Option Agreement which shall be executed by the Company
and by the person to whom such Option is granted, and shall be subject to the
following terms and conditions:

                  (a) The price at which shares of Common Stock covered by each
Option may be purchased pursuant thereto shall be determined in each case on the
date of grant by the Committee, but shall be an amount not less than the par
value, if any, of such shares and, in the case of an Incentive Stock Option, not
less than the fair market value of such shares on the date of grant.
Non-incentive Options may be issued with an exercise price of less than fair
market value on the date of the grant only if the Committee shall have
affirmatively determined that such lower price was reasonably necessary to
attract or retain a key employee or employees. For purposes of this Section, the
fair market value of shares of Common Stock on any day shall be (i) in the event
the Common Stock is not publicly traded, the fair market value on such day as
determined in good faith by the Committee or (ii) in the event the Common Stock
is publicly traded, the last sale price of a share of Common Stock as reported
by the principal quotation service on which the Common Stock is listed, if
available, or, if last sale prices are not reported with respect to the Common
Stock, the mean of the

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high bid and low asked prices of a share of Common Stock as reported by such
principal quotation service, or, if there is no such report by such quotation
service for such day, such fair market value shall be the average of (i) the
last sale price (or, if last sale prices are not reported with respect to the
Common Stock, the mean of the high bid and low asked prices) on the day next
preceding such day for which there was a report and (ii) the last sale price
(or, if last sale prices are not reported with respect to the Common Stock, the
mean of the high bid and low asked prices) on the day next succeeding such day
for which there was a report, or as otherwise determined by the Committee in its
discretion pursuant to any reasonable method contemplated by Section 422A of the
Code and any regulations issued pursuant to that Section. The option price of
the shares to be purchased pursuant to each Option shall be paid in full in cash
at the time of the exercise of the Option.

                  (b) The terms and conditions of each Stock Option Agreement
shall be as determined by the Committee but not inconsistent with the Stock
Option Plan. Each Stock Option Agreement shall provide that such Option may be
exercised by the optionee, in such parts and at such times as may be specified
in such Agreement, within a period not exceeding ten years after the date on
which the Option is granted with respect to Incentive Stock Options and ten
years and thirty days after such date with respect to Non-Incentive Stock
Options (hereinafter called, in each case, the "Option Period"). Each Incentive
Stock Option Agreement shall provide that such Incentive Stock Option may only
be exercised during the continuance of the employee's employment by the Company
or any of its Subsidiaries or during the period of thirty days after the
termination of such employment to the extent that the right to exercise such
Option had accrued at the date of such termination; provided, however, that if
Options as to 100 or more shares are held by an optionee, then such Options may
not be exercised for less than 100 shares at any one time, and if Options for
less than 100 shares are held by an optionee, then Options for all such shares
must be exercised at one time; and provided, further, that, if the optionee,
while still employed by the Company or any of its Subsidiaries, shall die within
the Option Period, the Incentive Stock Option may be exercised, to the extent
specified in the Incentive Stock Option Agreement, and as herein provided, but
only prior to the first to occur of:

                           (i) the expiration of the period of ninety days after
the date of the optionee's death, or

                           (ii) the expiration of the Option Period,

by the person or persons entitled to do so under the optionee's will, or, if the
optionee shall fail to make testamentary disposition of said Option, or shall
die intestate, by the optionee's legal representative or representatives.

                  (c) Each Option granted under this Plan shall by its terms be
non-transferable by the optionee except by will or by the laws of descent and
distribution, and each Option shall by its terms be exercisable during the
optionee's lifetime only by him.

                  (d) Notwithstanding the foregoing, if an Incentive Stock
Option is granted to a person at any time when such person owns, within the
meaning of Section 425(d) of the Code, more than 10% of the total combined
voting power of all classes of stock of the employer corporation (or a parent or
subsidiary of such corporation within the meaning of Section 425 of the Code)
the price at

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which each share of Common Stock covered by such Incentive Stock Option may be
purchased pursuant to such Incentive Stock Option shall not be less than 110% of
the fair market value (determined as in paragraph (a) of this Section) of the
shares of Common Stock at the time the Incentive Stock Option is granted, and
such Incentive Stock Option must be exercised within a period specified in the
Incentive Stock Option Agreement which does not exceed five years after the date
on which such Incentive Stock Option is granted.

                  (e) Notwithstanding the foregoing, the aggregate fair market
value (as determined under Section 6(a) as of the time such Incentive Stock
Options are granted) of shares of Common Stock subject to Incentive Stock
Options which are first exercisable by any employee during any calendar year
(under all stock option plans of the employee's employer corporation and its
parent and subsidiary corporation within the meaning of Section 425 of the Code)
shall not exceed $100,000.

                  (f) The Stock Option Agreement entered into pursuant hereto
may contain such other terms, provisions and conditions not inconsistent
herewith as shall be determined by the Committee including, without limitation,
provisions (i) requiring the giving of satisfactory assurances by the optionee
that the shares are purchased for investment and not with a view to resale in
connection with a distribution of such shares* and will not be transferred in
violation of applicable securities laws, (ii) restricting the transferability of
such shares during a specified period and (iii) requiring the resale of such
shares to the Company at the option price if the employment of the employee
terminates prior to a specified time.

                  (g) In the discretion of the Committee, a single Stock Option
Agreement may include both Incentive Stock Options and Non-Incentive Stock
Options, or those Options may be included in separate Stock Option Agreements.

         SECTION 7. Adjustment of Number of Shares.

                  (a) In the event that a dividend shall be declared upon the
shares of Common Stock payable in shares of Common Stock, the number of shares
of Common Stock then subject to any Option granted hereunder, and the number of
shares reserved for issuance pursuant to this Plan but not yet covered by an
Option, shall be adjusted by adding to each of such shares the number of shares
which would be distributable thereon if such share had been outstanding on the
date fixed for determining the stockholders entitled to receive such stock
dividend. In the event that the outstanding shares of Common Stock shall be
changed into or exchanged for a different number or kind of shares of stock or
other securities of the Company or of another corporation, whether through
reorganization, recapitalization, stock split-up, combination of shares, merger
or consolidation, then there shall be substituted for each share of Common Stock
subject to any such Option and for each share of Common Stock reserved for
issuance pursuant to the Plan but not yet covered by an Option, the number and
kind of shares of stock or other securities into which each outstanding share of
Common Stock shall be so changed or for which each such share shall be
exchanged; provided, however, that in the event that such change or exchange
results from a merger or consolidation, and in the judgment of the Board of
Directors such substitution cannot be effected or would be inappropriate, or if
-the Company shall sell all or substantially all of its assets, the Company
shall use reasonable efforts to effect some other adjustment of each then
outstanding Option which the Board of Directors, in its sole discretion, shall
deem equitable. In the event that

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there shall be any change, other than as specified above in this Section 7, in
the number or kind of outstanding shares of Common Stock or of any stock or
other securities into which such shares of Common Stock shall have been changed
or for which they shall have been exchanged, then, if the Board of Directors
shall determine that such change equitably requires an adjustment in the number
or kind of shares theretofore reserved for issuance pursuant to the Plan but not
yet covered by an Option and of the shares then subject to Options, such
adjustment shall be made by the Board of Directors and shall be effective and
binding for all purposes of this Plan and of each Stock Option Agreement.

                  (b) In the case of any substitution or adjustment pursuant to
this Section, the option price in each Stock Option Agreement for each share
covered thereby prior to such substitution or adjustment will be the total
option price for all shares of stock or other securities which shall have been
substituted for each such share or to which such share shall have been adjusted
pursuant to this Section 7. No adjustment or substitution provided for in this
Section 7 shall require the Company, in any Stock Option Agreement, to sell a
fractional share, and the total substitution or adjustment with respect to each
Stock Option Agreement shall be limited accordingly.

                  (c) Notwithstanding the foregoing, if any adjustment in the
number of shares which may be issued and sold pursuant to Options is required by
the Code or regulations issued pursuant thereto to be approved by the
stockholders in order to enable the Company to issue Incentive Stock Options
pursuant to this Plan, then no such adjustment shall be made without the
approval of the stockholders. In addition, if the adjustments or substitution
pursuant to this Section 7 will cause Incentive Stock Options to fail to
continue to qualify as Incentive Stock Options or will result in a modification,
extension or renewal of such Incentive Stock Options within the meaning of
Section 425 of the Code, the Board of Directors shall use reasonable efforts to
effect such other adjustment of each then outstanding option as the Board of
Directors, in its sole discretion, shall deem equitable.

                  (d) Notwithstanding subsection (a) of this Section 7, in the
event of a Change of Control (as defined below), each optionee shall fully vest
in and have the right to exercise his or her Option as to all of the shares of
Common Stock then subject to the Option, including shares of Common Stock
subject to the Option as to which it would not otherwise be vested or
exercisable.

         A "Change of Control" means the occurrence of any of the following
events:

                  (i) any "person," as such term is used in Sections 13(d) and
14(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"),
other than the Company, a subsidiary of the Company or a Company employee
benefit plan, including any trustee of such plan acting as trustee, is or
becomes the "beneficial owner" (as defined in Rule 13d-3 under the Exchange
Act), directly or indirectly, of securities of the Company representing twenty
percent (20%) or more of the combined voting power of the Company's then
outstanding securities entitled to vote generally in the election of directors;
or

                  (ii) the stockholders of the Company approve a merger or
consolidation of the Company with any other corporation, other than a merger or
consolidation which would result in the voting securities of the Company
outstanding immediately prior thereto continuing to represent

                                                                             -5-
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(either by remaining outstanding or by being converted into voting securities of
the surviving entity) at least fifty percent (50%) of the total voting power
represented by the voting securities of the Company or such surviving entity
outstanding immediately after such merger or consolidation, or the stockholders
of the Company approve an agreement for the sale or disposition by the Company
of all or substantially all the Company's assets; or

                  (iii) a change in the composition of the Board of Directors of
the Company, as a result of which fewer than a majority of the directors are
Incumbent Directors. "Incumbent Directors" shall mean directors who either (A)
are directors of the Company as of the date this amendment to the Plan is
approved by the Board of Directors, or (B) are elected, or nominated for
election, to the Board of Directors of the Company with the affirmative votes of
at least a majority of the Incumbent Directors and whose election or nomination
was not in connection with any transaction described in (i) or (ii) above or in
connection with an actual or threatened proxy contest relating to the election
of directors of the Company.

         SECTION 8. Amendments. This Plan may be terminated or amended from time
to time by vote of the Board of Directors; provided, however, that no amendment
which shall (i) change the total number of shares which may be issued and sold
pursuant to Options granted under this Plan, (ii) change the designation of
employees eligible to receive Incentive Stock Options or the class of employees
or other persons eligible to receive Options, (iii) decrease the minimum option
price stated in Section 6(a) of this Plan, (iv) extend the period during which
an option may be granted or exercised beyond the maximum period specified in
this Plan or (v) withdraw the authority to administer this Plan from the
Committee, shall be effective without the approval of the stockholders.

         SECTION 9. Termination. Except to the extent necessary to govern
outstanding Options, this Plan shall terminate on, and no additional Options
shall be granted after, ten years from the date the Plan is adopted, or ten
years from the date the Plan is approved by the stockholders, whichever is
earlier.

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                                                                    EXHIBIT 10.2

                               VISX, INCORPORATED

                       1993 FLEXIBLE STOCK INCENTIVE PLAN

                   (as amended and restated November 9, 2004)

         1. Establishment, Purpose, and Definitions.

                  (a) There is hereby adopted the 1993 Flexible Stock Incentive
Plan (the "Plan") of VISX, INCORPORATED (the "Company").

                  (b) The purpose of the Plan is to provide a means whereby
eligible individuals (as defined in paragraph 4, below) can acquire Common Stock
of the Company (the "Stock"). The Plan provides employees (including officers
and directors who are employees) of the Company and of its Affiliates an
opportunity to purchase shares of Stock pursuant to options which may qualify as
incentive stock options (referred to as "incentive stock options") under Section
422 of the Internal Revenue Code of 1986, as amended (the "Code"), and
employees, officers, directors, independent contractors, and consultants of the
Company and of its Affiliates an opportunity to purchase shares of Stock
pursuant to options which are not described in Sections 422 or 423 of the Code
(referred to as "nonqualified stock options"). The Plan also provides for the
sale or bonus of Stock to eligible individuals in connection with the
performance of services for the Company or its Affiliates. Finally, the Plan
authorizes the grant of stock appreciation rights ("SARs"), either separately or
in tandem with stock options, entitling holders to cash compensation measured by
appreciation in the value of the Stock.

                  (c) The term "Affiliates" as used in the Plan means parent or
subsidiary corporations, as defined in Sections 424(e) and (f) of the Code (but
substituting "the Company" for "employer corporation"), including parents or
subsidiaries which become such after adoption of the Plan.

         2. Administration of the Plan.

                  (a) The Plan shall be administered by the Board of Directors
of the Company (the "Board"). The Board may delegate the responsibility for
administering the Plan to a committee, under such terms and conditions as the
Board shall determine (the "Committee"). The Committee shall consist of two or
more members of the Board or such lesser number of members of the Board as
permitted by Rule 16b-3 promulgated under the Securities Exchange Act of 1934,
as amended ("Rule 16b-3"). None of the members of the Committee shall receive,
while serving on the Committee, or during the one-year period preceding
appointment to the Committee, a grant or award of equity securities tinder (i)
the Plan or (ii) any other plan of the Company or its affiliates under which the
participants are entitled to acquire Stock (including restricted Stock), stock
options, stock bonuses, related rights or stock appreciation rights of the
Company or any of its affiliates, other than pursuant to transactions in any
such other plan which do not disqualify a director from being a disinterested
person under Rule 16b-3. The limitations set forth in this Section 2(a) shall
automatically incorporate any additional requirements that may in the future be
necessary for the

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Plan to comply with Rule 16b-3. Members of the Committee shall serve at the
pleasure of the Board. The Committee shall select one of its members as
chairman, and shall hold meetings at such times and places as it may determine.
A majority of the Committee shall constitute a quorum and acts of the Committee
at which a quorum is present or acts reduced to or approved in owriting by all
the members of the Committee, shall be the valid acts of the Committee. If the
Board does not delegate administration of the Plan to the Committee, then each
reference in this Plan to "the Committee" shall be construed to refer to the
Board.

                  (b) The Committee shall determine which eligible individuals
(as defined in paragraph 4, below) shall be granted options under the Plan, the
timing of such grants, the terms thereof (including any restrictions on the
Stock), and the number of shares subject to such options.

                  (c) The Committee may amend the terms of any outstanding
option granted under this Plan, but any amendment which would adversely affect
the Optionee's rights under an outstanding option shall not be made without the
Optionee's written consent The Committee may, with the Optionee's written
consent cancel any outstanding stock option or accept any outstanding stock
option in exchange for a new option.

                  (d) The Committee shall also determine which eligible
individuals (as defined in paragraph 4, below) shall be issued Stock or SARs
under the Plan, the timing of such grants, the terms thereof (including any
restrictions), and the number of shares or SARs to be granted. The Stock shall
be issued for such consideration (if any) as the Committee deems appropriate.
Stock issued subject to restrictions shall be evidenced by a written agreement
(the "Restricted Stock Purchase Agreement" or the "Restricted Stock Bonus
Agreement"). The Committee may amend any Restricted Stock Purchase Agreement but
any amendment which would adversely affect the stockholder's rights to the Stock
shall not be made without his or her written consent

                  (e) The Committee shall have the sole authority, in its
absolute discretion, to adopt amend, and rescind such rules and regulations as,
in its opinion, may be advisable for the administration of the Plan, to construe
and interpret the Plan, the rules and the regulations, and the instruments
evidencing options or Stock granted under the Plan and to make all other
determinations deemed necessary or advisable for the administration of the Plan.
All decisions, determinations, and interpretations of the Committee shall be
binding on all participants.

         3. Stock Subject to the Plan.

                  (a) An aggregate of not more than 1,000,000 shares of Stock
shall be available for the grant of stock options or the issuance of Stock under
the Plan, If an option is surrendered (except surrender for shares of Stock) or
for any other reason ceases to be exercisable in whole or in part the shares
which were subject to such option but as to which the option had not been
exercised shall continue to be available under the Plan. Any Stock which the
Company retains upon exercise of an option in order to satisfy the exercise
price for such option or any withholding taxes due with respect to such option
exercise shall be treated as issued to the optionee and shall thereafter not be
available under the Plan.

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                  (b) If there is any change in the Stock subject to the Plan,
an Option Agreement/ a Restricted Stock Purchase Agreement, a Restricted Stock
Bonus Agreement or a SAR Agreement through merger, consolidation,
reorganization, recapitalization, reincorporation, stock split, stock dividend
(in excess of two percent), or other change in the corporate structure of the
Company, the Committee shall make appropriate adjustments in order to preserve
but not to increase the benefits to the individual, including adjustments to the
aggregate number, kind of shares and price, per share subject to the Plan, the
Option Agreement the Restricted Stock Purchase Agreement the Restricted Stock
Bonus Agreement or the SAR Agreement

         4. Eligible Individuals.

                  (a) Individuals who shall be eligible to have granted to them
the options, Stock, or SARs provided for by the Plan shall be such employees,
officers, directors, independent contractors and consultants of the Company or
an Affiliate as the Committee, in its discretion, shall designate from time to
time. Notwithstanding the foregoing, only employees of the Company or an
Affiliate (including officers and directors who are bona fide employees) shall
be eligible to receive incentive stock options.

                  (b) Sections 4(b)-(g) herein shall become effective at the
earlier of the following dates: (1) immediately after the close of the Annual
Meeting of the Company's Stockholders to be held in 1994, or (2) when the number
of shares available for the grant of options under the VEX, Incorporated 1990
Stock Option Plan is insufficient to grant to non-employee members of the Board
the Automatic Options provided in that Plan. At the first Annual Meeting of the
Company's Stockholders that takes place after the effective date of this
provision, and on the date of each subsequent Annual Meeting, each individual
who is elected or reelected at such Annual Meeting to serve as a non-employee
member of the Board (including any individual who may have already received one
or more automatic option grants under the Plan) shall automatically be granted
an option under the Plan to purchase an additional 2,000 shares of the Company's
Common Stock (subject to adjustment under paragraph 3(b)) upon the terms and
conditions specified below. In addition, any individual who (i) after the
effective date of this provision is elected to serve as a non-employee member of
the Board at a time other than an Annual Meeting of the Company's Stockholders
and (ii) has not previously received an automatic option grant under this
Section shall upon assumption of such office automatically be granted an option
under the Plan to purchase 2,000 shares of the Company's Common Stock (subject
to adjustment under paragraph 3(b)) upon the terms and conditions specified
below. A non-employee member of the Board for the purposes of this Section is an
individual who, at the time of his assumption of office as a director, is not an
employee of the Company or its Subsidiaries.

                  (c) The option price per share of the Automatic Option shall
be equal to one hundred percent (100%) of the average of the fair market value
of one share of the Company's Common Stock for the ten (10) trading days
preceding the Automatic Option grant date.

                  (d) The Automatic Option shall have a maximum term of ten (10)
years measured from the Automatic Option grant date and shall be exercisable for
all or any part of the covered shares immediately upon the expiration of six (6)
months after the date the option is granted.

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                  (e) The shares purchased under the option will be subject to
repurchase by the Company at the original exercise price in the event the
Optionee ceases to be a member of the Board. The repurchase right however, will
lapse, and the Optionee will vest in the shares purchasable under the option/ in
a series of five (5) equal annual installments, beginning one year after the
Automatic Option grant date, provided the optionee continues to serve as a
member of the Board. In addition/ the Company's repurchase right shall lapse in
its entirety should one or more of the following events occur while the optionee
is a member of the Board: (1) the optionee's death, (2) the optionee's permanent
disability, (3) a stockholder-approved Corporate Transaction as defined in
Section 15, or (4) a Change in Control. A Change in Control shall be deemed to
occur:

                           (i) if any "person," as such term is used in Sections
13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (the
"Exchange Act"), other than the Company, a subsidiary of the Company or a
Company employee benefit plan, including any trustee of such plan acting as
trustee, is or becomes the "beneficial owner" (as defined in Rule 13d-3 under
the Exchange Act), directly or indirectly, of securities of the Company
representing twenty percent (20%) or more of the combined voting power of the
Company's then outstanding securities entitled to vote generally in the election
of directors; or

                           (ii) if the stockholders of the Company approve a
merger or consolidation of the Company with any other corporation, other than a
merger or consolidation which would result in the voting securities of the
Company outstanding immediately prior thereto continuing to represent (either by
remaining outstanding or by being converted into voting securities of the
surviving entity) at least fifty percent (50%) of the total voting power
represented by the voting securities of the Company or such surviving entity
outstanding immediately after such merger or consolidation, or the stockholders
of the Company approve an agreement for the sale or disposition by the Company
of all or substantially all the Company's assets; or

                           (iii) upon a change in the composition of the Board
of Directors of the Company, as a result of which fewer than a majority of the
directors are Incumbent Directors. "Incumbent Directors" shall mean directors
who either (A) are directors of the Company as of the date this amendment to the
Plan is approved by the Board of Directors, or (B) are elected, or nominated for
election, to the Board of Directors of the Company with the affirmative votes of
at least a majority of the Incumbent Directors and whose election or nomination
was not in connection with any transaction described in (i) or (ii) above or in
connection with an actual or threatened proxy contest relating to the election
of directors of the Company.

                  (f) In the event of a Change in Control/the optionee shall
have the right, exercisable during the thirty (30)-day period following the
Change in Control/ to surrender each Automatic Option which has been outstanding
under the Plan for at least six (6) months in exchange for a cash payment from
the Company in an amount equal to the excess of (i) the fair market value (on
the date of such surrender) of the shares of Common Stock purchasable under the
surrendered option, over (ii) the aggregate option price payable for such
shares. For purposes of this Section, the fair market value per share of Common
Stock subject to the surrendered option shall be deemed to be equal to the
greater of (a) the fair market value per share on the date of such surrender/ as
determined by the Committee, or (b) the highest reported price per share paid by
the acquiring entity in effecting the Change in Control.

                                                                             -4-

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                  (g) Except for the Automatic Option grants under this Section/
those non-employee members of the Board who serve on the Committee shall not be
eligible to receive any additional option grants under this Plan or any other
stock plan of the Company or its subsidiaries. At any time mat the number of
non-employee members of the Board serving on the Committee is not sufficient to
comply with Rule 16b-3 under the Securities Exchange Act of 1934, one or more
additional members of the Board shall be designated to serve on the Committee
beginning on the date on which each such member is first "disinterested" as
defined in Rule 16b-3. The designated Board member or members shall be
ineligible for option grants, other than Automatic Options under this Section.

         5. The Option Price. The exercise price of the Stock covered by each
incentive stock option shall be not less than the per share fair market value of
such Stock on the date the option is granted. The exercise price of the Stock
covered by each nonqualified stock option other than Automatic Options shall be
as determined by the Committee. Notwithstanding the foregoing, in the case of an
incentive stock option granted to a person possessing more than ten percent of
the combined voting power of the Company or an Affiliate, the exercise price
shall be not less than 110 percent of the fair market value of the Stock on the
date the option is granted. The exercise price of an option shall be subject to
adjustment to the extent provided in paragraph 3(b), above.

         6. Terms and Conditions of Options.

                  (a) Each option granted pursuant to the Plan will be evidenced
by a written Stock Option Agreement executed by the Company and the person to
whom such option is granted.

                  (b) The Committee shall determine the term of each option/
other than Automatic Options, granted under the Plan; provided, however, that
the term of an incentive stock option shall not be for more than 10 years and
that; in the case of an incentive stock option granted to a person possessing
more than ten percent of the combined voting power of the Company or an
Affiliate, the term shall be for no more than five years.

                  (c) In the case of incentive stock options/ the aggregate fair
market value (determined as of the time such option is granted) of the Stock
with respect to which incentive stock options are exercisable for the first time
by an eligible employee in any calendar year (under this Plan and any other
plans of the Company or its Affiliates) shall not exceed $100,000.

                  (d) The Stock Option Agreement may contain such other terms,
provisions and conditions consistent with this plan as the Committee may
determine. If an option or any part thereof is intended to qualify as an
incentive stock option, the Stock Option Agreement shall contain those terms and
conditions which are necessary to so qualify it.

         7. Terms and Conditions of Stock Purchases and Bonuses.

                  (a) Each sale or grant of stock pursuant to the Plan will be
evidenced by a written Restricted Stock Purchase Agreement or Restricted Stock
Bonus Agreement executed by the Company and the person to whom such stock is
sold or granted.

                                                                             -5-

<PAGE>

                  (b) The Restricted Stock Purchase Agreement or Restricted
Stock Bonus Agreement may contain such other terms, provisions and conditions
consistent with this plan as the Committee may determine/ including not by way
of limitation, restrictions on transfer, forfeiture provisions, repurchase
provisions and vesting provisions.

         8. Terms and Conditions of SARs. The Committee may, under such terms
and conditions as it deems appropriate, authorize the issuance of SARs evidenced
by a written SAR agreement (which, in the case of tandem options/ may be part of
the option agreement to which the SAR relates) executed by the Company and the
person to whom such SAR is granted. The SAR agreement may contain such terms,
provisions and conditions consistent with this Plan as the Committee may
determine.

         9. Use of Proceeds. Cash proceeds realized from the issuance of Stock
under the Plan shall constitute general funds of the Company.

         10. Amendment, Suspension, or Termination of the Plan.

                  (a) The Board may at any time amend, suspend or terminate the
Plan as it deems advisable; provided that such amendment suspension or
termination complies with all applicable requirements of state and federal law,
including any applicable requirement mat the Plan or an amendment to the Plan be
approved by the Company's stockholders, and provided further that, except as
provided in paragraph 3(b), above, the Board shall in no event amend the Plan in
the following respects without the consent of stockholders then sufficient to
approve the Plan in the first instance:

                           (i) To increase the maximum number of shares subject
to incentive stock options issued under the Plan; or

                           (ii) To change the designation or class of persons
eligible to receive incentive stock options under the Plan.

                  (b) No option may be granted nor any Stock issued under the
Plan during any suspension or after the termination of the Plan, and no
amendment suspension or termination of the Plan shall, without the affected
individual's consent, alter or impair any rights or obligations under any option
previously granted under the Plan. The Plan shall terminate with respect to the
grant of incentive stock options on February 2, 2003, unless previously
terminated by the Board pursuant to this paragraph 10.

         11. Assignability. Each option granted pursuant to this Plan shall/
during Optionee's lifetime, be exercisable only by him, and neither the option
nor any right hereunder shall be transferable by Optionee by operation of law or
otherwise other than by will or the laws of descent and distribution. Stock
subject to a Restricted Stock Purchase Agreement or a Restricted Stock Bonus
Agreement shall be transferable only as provided in such Agreement

         12. Payment Upon Exercise of Options. Payment of the purchase price
upon exercise of any option granted under this Plan shall be made in cash;
provided, however, that the Committee, in its sole discretion, may permit an
Optionee to pay the option price in whole or in part (i) with shares

                                                                             -6-

<PAGE>

of Stock owned by the Optionee; (ii) by delivery on a form prescribed by the
Committee of an irrevocable direction to a securities broker approved by the
Committee to sell shares and deliver all or a portion of the proceeds to the
Company in payment for the Stock; (iii) by delivery of the Optionee's promissory
note with such recourse, interest, security, and redemption provisions as the
Committee in its discretion determines appropriate; or (iv) in any combination
of the foregoing. Any Stock used to exercise options shall be valued at its fair
market value on the date of the exercise of the option. In addition, the
Committee, in its sole discretion, may authorize the surrender by an Optionee of
all or part of an unexercised option and authorize a payment in consideration
thereof of an amount equal to the difference between the aggregate fair market
value of the Stock subject to such option and the aggregate option price of such
Stock. In the Committee's discretion, such payment may be made in cash, shares
of Stock with a fair market value on the date of surrender equal to the payment
amount, or some combination thereof.

         13. Withholding Taxes. No Stock shall be granted or sold under the Plan
to any participant, and no SAR may be exercised, until the participant has made
arrangements acceptable to the Committee for the satisfaction of federal, state
and local income and employment tax withholding obligations, including without
limitation obligations incident to the receipt of Stock under the Plan, the
lapsing of restrictions applicable to such Stock, the failure to satisfy the
conditions for treatment as incentive stock options under applicable tax law, or
the receipt of cash payments. Upon exercise of a stock option or lapsing of
restriction on stock issued under the Plan, the Company shall withhold from the
Optionee or, at the Committee's discretion, require the Stockholder to surrender
shares of the Company's Stock sufficient to satisfy federal, state and local
income and employment tax withholding obligations.

         14. Restrictions on Transfer of Shares. The Stock acquired pursuant to
the Plan shall be subject to such restrictions and agreements regarding sale,
assignment, encumbrances, or other transfer as are in effect among the
stockholders of the Company at the time such Stock is acquired, as well as to
such other restrictions as the Committee shall deem advisable.

         15. Corporate Transaction.

                  (a) For purposes of this Section 15, a "Corporate Transaction"
shall include any of the following stockholder-approved transactions to which
the Company is a party:

                           (i) a merger or consolidation in which the Company is
not the surviving entity, except for a transaction the principal purpose of
which is to change the state of the Company's incorporation;

                           (ii) the sale, transfer or other disposition of all
or substantially all of the assets of the Company in liquidation or dissolution
of the Company; or

                           (iii) any reverse merger in which the Company is the
surviving entity but in which securities assessing more than fifty percent (50%)
of the total combined voting power of the Company's outstanding securities are
transferred to holders different from those who held such securities immediately
prior to such merger.

                                                                             -7-

<PAGE>

                  (b) Subject to Section 17, in the event of any Corporate
Transaction, any option, restricted stock or SAR shall vest in its entirety and
become exercisable, or with respect to restricted stock be released from
restrictions on transfer and repurchase rights, immediately prior to the
specified effective date of the Corporate Transaction unless assumed by the
successor corporation or its parent company pursuant to options, restricted
stock agreements or SARs providing substantially equal value and having
substantially equivalent provisions as the options/ restricted stock agreements
or SARs granted pursuant to this Plan. This section 15(b) shall not apply to
Automatic Options or to restricted stock purchased by the exercise of Automatic
Options, both of which are governed by Section 4(e) in the event of a Corporate
Transaction.

         16. Stockholder Approval. This Plan shall only become effective with
regard to incentive stock options upon its approval by a majority of the
stockholders voting (in person or by proxy) at a stockholders' meeting held
within 12 months of the Board's adoption of the Plan. The Committee may grant
incentive stock options under the Plan prior to the stockholders' meeting, but
until stockholder approval of the Plan is obtained, no incentive stock option
shall be exercisable.

         17. Change in Control. In the event of a Change in Control, any option,
restricted stock, or SAR shall vest in its entirety and become exercisable, or
with respect to restricted stock, be released from the restrictions on transfer
and repurchase rights. This Section 17 shall not apply to Automatic Options or
to restricted stock purchased by the exercise of Automatic Options, both of
which are governed by the terms and conditions in Section 4(e) in the event of a
Change in Control.

                                                                             -8-

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