Document:

<PAGE>

                                  Exhibit 10.17

                               WORLD AIRWAYS, INC.

                              RESTRICTED STOCK PLAN

                          FOR ADMINISTRATIVE EMPLOYEES

                                       1

<PAGE>

                               WORLD AIRWAYS, INC.
                              RESTRICTED STOCK PLAN
                          FOR ADMINISTRATIVE EMPLOYEES

                                Table of Contents

<TABLE>
<CAPTION>
                                                                            Page
<S>                                                                         <C>
I.       Purpose of Plan ..............................................     1

II.      Definitions ..................................................     1

III.     Effective date and Duration ..................................     2

IV.      Administration ...............................................     2

V.       Eligibility ..................................................     3

VI.      Grant of Awards ..............................................     3

VII.     Amendment, Suspension or Termination of Plan .................     5

VIII.    Miscellaneous Provisions .....................................     6
</TABLE>

                                       2

<PAGE>

                               WORLD AIRWAYS, INC.
                              RESTRICTED STOCK PLAN
                          FOR ADMINISTRATIVE EMPLOYEES

                           Article I - Purpose of Plan

       1.1        Purpose of Plan. The purpose of this Plan is to keep personnel
                  of experience and ability in the employ of World Airways, Inc.
                  and to compensate them under the Employee Salary Exchange
                  Program for their contributions to the growth and profits of
                  World Airways, Inc. and thereby induce them to continue to
                  make such contributions in the future.

                            Article II - Definitions

       2.1        Award shall mean an award of any Restricted Stock authorized
                  by and granted under this Plan.

       2.2        Award Agreement shall mean any writing setting forth the terms
                  of an Award that has been authorized by the Committee.

       2.3        Award Date shall mean the date upon which the Committee took
                  the action granting an Award or such later date as the
                  Committee designates as the Award Date at the time of the
                  Award.

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

       2.5        Cause shall mean that the Participant is determined by the
                  Board to have committed an act of embezzlement, fraud,
                  dishonesty or breach of fiduciary duty to the Company, or to
                  have deliberately disregarded the rules of the Company which
                  resulted in loss, damage or injury to the Company, or because
                  the Participant has made any unauthorized disclosure of any of
                  the secrets or confidential information of the Company, has
                  induced any client or customer of the Company to break any
                  contract with the Company, has induced any principal for whom
                  the Company acts as agent to terminate the agency relationship
                  or has engaged in any conduct that constitutes unfair
                  competition with the Company.

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

       2.7        Committee shall mean the committee charged with administration
                  of the Plan, and shall consist of ____________________________
                  _________________.

                                       1

<PAGE>

         2.8      Common Stock shall mean the common stock of the Company,
                  $0.001 par value per share, and such other securities or
                  property as may become the subject of Awards.

         2.9      Company shall mean World Airways, Inc.

         2.10     Participant shall mean an employee who has been granted an
                  Award under this Plan.

         2.11     Plan shall mean this World Airways, Inc. Restricted Stock Plan
                  for Administrative Employees.

         2.12     Restricted Stock shall mean the Common Stock awarded to a
                  Participant subject to payment of such consideration, if any,
                  and such conditions on vesting and such transfer and other
                  restrictions as are established in or pursuant to this Plan,
                  for so long as such shares remain unvested under the terms of
                  the applicable Award Agreement and Section 6.4.

         2.13     Retirement shall mean retirement from active service as an
                  employee or officer of the Company on or after attaining age
                  65.

         2.14     Termination shall mean resignation or discharge from
                  employment with the Company, except in the event of death,
                  involuntary termination of employment by the Company without
                  Cause, Retirement or Disability.

         2.15     Total Disability shall mean a "permanent and total disability"
                  within the meaning of Section 22(e) (3) of the Code and such
                  other disabilities, infirmities, afflictions or conditions as
                  the Committee by rule may include.

                    Article III - Effective Date and Duration

         3.1      Effective Date. Except as provided to the contrary herein,
                  this Plan shall be effective as of _______________, 1999.

         3.2      Termination. This Plan shall be terminated as of
                  _________________ or otherwise as provided in Article VII, but
                  shall continue in effect until all matters relating to the
                  payment of Awards and the administration of the Plan have been
                  settled.

                           Article IV - Administration

         4.1      Administration. This Plan shall be administered by the
                  Committee. All questions of interpretation and application of
                  this Plan, or of the terms and

                                       2

<PAGE>

                  conditions pursuant to which Awards are granted or forfeited
                  or pursuant to which amounts are paid under the provisions
                  hereof, shall be subject to the determination of the
                  Committee. Such determination shall be final and binding upon
                  all parties affected thereby. A majority vote of the members
                  of the Committee shall be required for all of its actions.

                             Article V - Eligibility

       5.1        Eligible Employees. Any employee of the Company classified as
                  an administrative employee shall be eligible to receive an
                  allocation of Restricted Stock pursuant to the Plan.

       5.2        Selection By The Committee. From the employees eligible to
                  receive allocations pursuant to the Plan, the Committee may,
                  from time to time, select those employees to whom it
                  recommends that the Board make allocations. Such
                  recommendations shall include a recommendation as to the
                  number of shares of Restricted Stock that should be allocated
                  to each such individual. In selecting those employees whom it
                  wishes to recommend for allocations and in determining the
                  number of shares of Restricted Stock it wishes to recommend,
                  the Committee shall consider the Company's Employee Salary
                  Exchange Program and such other factors as the Committee deems
                  pertinent.

       5.3        Review by Board of Committee's Recommendations. As promptly as
                  practicable after the Committee recommends making allocations
                  pursuant to Section 5.2, the Board will review the Committee's
                  recommendations and, in the Board's discretion, allocate to
                  the eligible employees that the Board selects from those
                  employees recommended by the Committee a number of shares of
                  Restricted Stock not in excess of the number recommended for
                  each employee by the Committee.

       5.4        Limit On Number of Allocable Shares. The total number of
                  shares of Restricted Stock which may be allocated pursuant to
                  this Plan will not exceed the amount available in the
                  Restricted Stock reserve.

                          Article VI - Grant of Awards

       6.1        Shares Available for Awards. The Company will establish a
                  Restricted Stock reserve to which will be credited __________
                  shares of Common Stock. Should the shares of the Common Stock,
                  due to a stock split or stock dividend or combination of
                  shares or any other change, or exchange for other securities
                  by reclassification, reorganization, merger, consolidation,
                  recapitalization or

                                       3

<PAGE>

                  otherwise, be increased or decreased or changed into, or
                  exchanged for, a different number or kind of shares of stock
                  or other securities of the Company or of another corporation,
                  the number of shares then remaining in the Restricted Stock
                  reserve shall be appropriately adjusted to reflect such
                  action. If any such adjustment results in a fractional share,
                  the fraction shall be disregarded.

       6.2        Grant of Awards. The Committee may, in its discretion, grant
                  one or more Restricted Stock Awards to any eligible employee.
                  Each Restricted Stock Award Agreement shall specify the number
                  of shares to be issued, the date of such issuance, the
                  consideration for such shares (but not less than the minimum
                  lawful consideration) to be paid, if any, by the Participant
                  and the restrictions imposed on such shares and the conditions
                  of release or lapse of such restrictions. Such restrictions
                  shall not lapse earlier than January ____, 2001, except to the
                  extent the Committee may otherwise provide. Stock certificates
                  evidencing shares of Restricted Stock pending the lapse of the
                  restrictions shall bear a legend making appropriate reference
                  to the restrictions imposed hereunder and shall be held by the
                  Company or by a third party designated by the Committee until
                  the restrictions on such shares shall have lapsed and the
                  shares shall have vested in accordance with the provisions of
                  the Award and Section 6.4. Upon issuance of the Restricted
                  Stock Award, the Participant may be required to provide such
                  further assurance and documents as the Committee may require
                  to enforce the restrictions.

       6.3        Restrictions. Except as provided in Section 6.2, restricted
                  shares comprising any Restricted Stock Award may not be sold,
                  assigned, transferred, pledged or otherwise disposed of or
                  encumbered either voluntarily or involuntarily, until such
                  shares have vested.

       6.4        Vesting. The Restricted Stock awarded pursuant to Section 6.1
                  shall become vested only as follows:

                  (a)   The Restricted Stock shall become vested on January
                        ____, 2001.

                  (b)   Except as otherwise provided, the Committee may in its
                        discretion accelerate the time at which the Restricted
                        Stock shall become vested.

                  (c)   Notwithstanding the preceding, all Restricted Stock
                        which is awarded to a Participant under Section 6.2
                        shall become vested upon a Participant's Retirement,
                        Disability, death or involuntary termination by the
                        Company without Cause.

       6.5        Privileges of Stock Ownership. Except as otherwise expressly
                  authorized by the Committee or this Plan, a Participant shall
                  not be entitled to any privilege of stock ownership as to any
                  shares of Restricted Stock not actually delivered to

                                       4

<PAGE>

                  and held of record by him or her. No adjustment will be made
                  for dividends or other rights as a shareholder for which a
                  record date is prior to such date of delivery.

       6.6        Cash Payments. If the Participant shall have paid or received
                  cash (including any dividends) in connection with the
                  Restricted Stock Award, the Award Agreement shall specify
                  whether and to what extent such cash shall be returned (with
                  or without an earnings factor) as to any restricted shares
                  which cease to be eligible for vesting.

       6.7        Termination of Employment. In the event of a Participant's
                  Termination occurring prior to the date on which any shares of
                  Restricted Stock become vested under Section 6.4, any such
                  unvested shares of Restricted Stock shall be immediately
                  forfeited by the Participant.

       6.8        Return to the Company. Unless the Committee otherwise
                  expressly provides, shares of Restricted Stock that are
                  subject to restrictions at the time of a Participant's
                  Termination or are subject to other conditions to vesting that
                  have not been satisfied by the time specified in the
                  applicable Award Agreement and in Section 6.4 shall not vest
                  and shall be returned to the Company in such manner and on
                  such terms as the Committee shall therein provide.

                       Article VII - Amendment, Suspension
                             or Termination of Plan

       7.1        Board Authorization. The Board may, at any time, terminate or,
                  from time to time, amend, modify or suspend this Plan, in
                  whole or in part. No Awards may be granted during any
                  suspension of this Plan or after termination of this Plan, but
                  the Committee shall retain jurisdiction as to Awards then
                  outstanding in accordance with the terms of this Plan. Any
                  suspension will not affect the expiration of the Plan set
                  forth in Section 3.2.

       7.2        Amendments to Awards. Without limiting any other express
                  authority of the Committee under but subject to the express
                  limits of this Plan, the Committee by agreement or resolution
                  may waive conditions of or limitations on Awards that the
                  Committee in the prior exercise of its discretion has imposed,
                  without the consent of the Participant, and may make other
                  changes to the terms and conditions of Awards that do not
                  affect in any manner materially adverse to the Participant his
                  or her rights and benefits under an Award.

       7.3        Limitations on Amendments to Plan and Awards. No amendment,
                  suspension or termination of the Plan or change of or
                  affecting any outstanding Award shall, without written consent
                  of the Participant, affect in any manner materially adverse to
                  the Participant any rights or benefits of the Participant or

                                       5

<PAGE>

                  obligations of the Company under any Award granted under this
                  Plan prior to the effective date of such change. Changes
                  contemplated by Section 7.2 shall not be deemed to constitute
                  changes or amendments for purposes of this Section 7.3.

                     Article VIII - Miscellaneous Provisions

       8.1        No Employment Right. Neither this Plan nor any action taken
                  hereunder shall be construed as giving any right to any
                  individual to be retained as an employee of the Company.

       8.2        Tax Withholding. Upon the vesting of any Award, the Company
                  shall have the right at its option to (i) require the
                  Participant to pay or provide for payment of the amount of any
                  federal, state, local or employment taxes which the Company
                  may be required to withhold with respect to such transaction
                  or (ii) deduct from any amount payable in cash, including
                  wages, the amount of any such taxes which the Company may be
                  required to withhold with respect to such cash amount.

       8.3        Compliance with Laws. This Plan, the granting and vesting of
                  Awards under this Plan and the offer, issuance and delivery of
                  Shares and/or the payment of money under this Plan or under
                  Awards granted hereunder are subject to compliance with all,
                  applicable federal and state laws, rules and regulations
                  (including, but not limited to, state and federal securities
                  laws and federal margin requirements) and to such approvals by
                  any listing, regulatory or governmental authority as may, in
                  the opinion of counsel for the Company, be necessary or
                  advisable in connection therewith. Any securities delivered
                  under this Plan shall be subject to such restrictions, and the
                  person acquiring such securities shall, if requested by the
                  Company, provide such assurances and representations to the
                  Company as the Company may deem necessary or desirable to
                  assure compliance with all applicable legal requirements.

       8.4        Governing Law. This Plan, the Awards, all documents evidencing
                  Awards and all other related documents shall be governed by,
                  and construed in accordance with the laws of the Commonwealth
                  of Virginia applicable to contracts made and performed within
                  such Commonwealth, except as such laws may be supplanted by
                  the laws of the United States of America, which laws shall
                  then govern its effect and its construction to the extent they
                  supplant Virginia law.

       8.5        Severability. If any provision shall be held by a court of
                  competent jurisdiction to be invalid and unenforceable, the
                  remaining provisions of this Plan shall continue in effect.

                                       6

<PAGE>

     8.6          Non-Exclusivity of Plan. Nothing in this Plan shall limit or
                  be deemed to limit the authority of the Board or the Committee
                  to grant Awards or authorize any other compensation, with or
                  without reference to the Common Stock under any other plan or
                  authority.

     EXECUTED this _____ day of __________________, 1999.

                                             WORLD AIRWAYS, INC.

                                        By:
                                        ________________________________________

                                        Title:
                                        ________________________________________

                                       7<PAGE>

Exhibit 10.18
-------------

                               WORLD AIRWAYS, INC.

                           KEY EMPLOYEE RETENTION PLAN

         1. Purpose. Because of the significant uncertainty created by the
current financial difficulties of World Airways, Inc. ("World") and the risk of
loss or distraction of key employees that may result, to the detriment of World
and its creditors and stockholders, the Board of Directors of World has
determined that appropriate steps should be taken to assure World of the
continued employment and attention and dedication to duty of its key employees
while World attempts to restructure its debt and equity. This Plan is intended
and is being adopted to provide an incentive to certain officers and other key
executive and management employees of World (a) to remain in the employ of World
and (b) to facilitate a long-term restructuring of World.

         2. Certain Definitions. As used herein, the following terms shall have
the respective meanings set forth below, unless the context clearly requires
otherwise. Certain other capitalized terms have the meanings set forth in the
sections hereof where they are defined.

            "Award Letter" means a letter from the Committee to an employee
informing such employee of his or her selection as a Participant and setting
forth the amount of Severance Benefits and the duration of other severance
benefits that the Participant will be entitled to receive in accordance with
Section 4 hereof and the amount of Retention Payment (if any) that the
Participant will be entitled to receive in accordance with Section 5 hereof.

            "Beneficial Owner" has the meaning given such term in Rule 13d-3
under the Securities Exchange Act of 1934, as amended, as such rule is in effect
on the date of adoption of this Plan by the Board; provided that any Person that
has the right to acquire any outstanding securities entitled to vote generally
in the election of directors at any time in the future, whether such right is
contingent or absolute, pursuant to any agreement, arrangement, or
understanding, or upon the exercise of conversion rights, warrants or options or
otherwise, shall be deemed the Beneficial Owner of such securities.

            "Board" means the Board of Directors of World.

            "World" means World Airways, Inc. or any Successor thereto.

            "Change of Control" means a Change of Control of World. A Change of
Control shall occur when:

        (i)   all or substantially all of World's assets are sold as an entirety
              to any person or related group of persons;

        (ii)  there shall be consummated any consolidation or merger of World
              (A) in which World

                                                                               1

<PAGE>

              is not the continuing or surviving corporation (other than a
              consolidation or merger with a wholly owned subsidiary of World in
              which all shares of Commom Stock outstanding immediately prior to
              the effectiveness thereof are changed into or exchanged for the
              same consideration) or (B) pursuant to which the Common Stock
              would be converted into cash, securities or other property, except
              in the case of a consolidation or merger of World described in (A)
              or (B) in which the holders of the Common stock immediately prior
              to the consolidation or merger have, directly or indirectly, at
              least a majority of the total voting power of all classes of
              capital stock entitled to vote generally in the election of
              directors of the continuing or surviving corporation immediately
              after such consolidation or merger in substantially the same
              proportion as their ownership of common Stock immediately before
              such transaction;

        (iii) any person, or any persons acting together which would constitute
              a "group" for purposes of Section 13(d) of the Exchange Act (a
              "Group"), together with any Affiliates thereof, excluding for
              purposes of this clause, World Corp, Inc., shall beneficially own
              (as defined in rule 13d-3 under the Exchange Act) at least 50% of
              the total voting power of all classes of capital stock of the
              Company entitled to vote generally in the election of directors of
              World;

        (iv)  at any time during any consecutive two-year period, individuals
              who at the beginning of such period constituted the Board of
              Directors of the Company (together with any new directors whose
              election by such Board of Directors or whose nomination for
              election by the stockholders of World was approved by a vote of
              66-2/3% of the directors then still in office who were either
              directors at the beginning of such period or whose election or
              nomination for election was previously so approved) cease for any
              reason to constitute a majority of the Board of Directors of World
              then in office; or

        (v)   World is liquidated or dissolved or adopts a plan of liquidation
              or dissolution;

                  "Committee" means the Key Employee Retention Plan Committee of
the Board or any other committee established by the Board to administer this
Plan.

                  "For Cause" means (i) the continuing and willful failure of a
Participant to substantially perform his or her assigned duties after a
reasonable period has elapsed following the delivery to the Participant of a
demand for substantial performance by World that specifically identifies the
manner in which World believes (using the standard of a reasonable disinterested
person experienced and knowledgeable in the duties that are assigned to the
Participant) that the Participant has not substantially performed his or her
duties; or (ii) willful acts or omissions on the part of the Participant with
the intent to injure World, if such acts or omissions would be considered
injurious to World by a reasonable disinterested person experienced and
knowledgeable in the duties that are assigned to the Participant, but not where
such acts or omissions were done in the reasonable belief that such acts or
omissions were in the best interest of World and its Subsidiaries; or (iii)
willful acts of dishonesty or moral turpitude intended to result in substantial
personal enrichment at the expense of World or that have a material adverse
effect on the business or reputation of World.

                                                                               2

<PAGE>

                  "Good Reason" for any Participant means the occurrence of any
one or more of the following events:

                  (i)   the assignment to the Participant of any duties
                  inconsistent with the Participant's status as an executive or
                  management employee of World by which the Participant is
                  employed, or a substantial adverse alteration in the nature or
                  status of the Participant's responsibilities;

                  (ii)  the reduction of the Participant's annual base salary,
                  as may occur as a result of or the reduction of any actual or
                  targeted payments under any annual incentive or bonus plan or
                  program maintained by the World by which the Participant is
                  employed (to the extent that the Participant is participating
                  therein), except that Participant agrees to participate
                  equally, on a percentage basis, in any across the board salary
                  reductions approved by senior management;

                  (iii) the failure by World to continue in effect any
                  compensation or benefit plan (including, without limitation,
                  pension, life insurance, flexible perquisite, medical,
                  accident, disability, sick leave, and vacation plans and
                  policies) in which the Participant participates that is
                  material to the Participant's total compensation, or any
                  substitute plans, unless an equitable arrangement (embodied in
                  an ongoing substitute or alternative plan) has been made with
                  respect to such plan, or the failure of World to continue the
                  Participant's participation in any such plan (or in such
                  substitute or alternative plan) on a basis not materially less
                  favorable, both in terms of the amount of benefits provided
                  and the level of the Participant's participation relative to
                  other employees of a comparable level of responsibility; or

                  (iv)  the requirement by World that the Participant be based
                  at any office or location that is not with 50 miles of the
                  office or location at which the Participant was based
                  immediately prior to the Change of Control, except for
                  required travel on World's business to an extent substantially
                  consistent with the Participant's business travel obligations
                  prior to the Change of Control;

provided that, if any event described in clauses (i) through (iv) above occurs
For Cause, such event shall not constitute Good Reason.

                  "Corp." means WorldCorp, Inc. and any Successor thereto.

                  "Participant" means any employee of World who is designated by
the Committee as being entitled to benefits under this Plan pursuant to an Award
Letter.

                  "Person" means any individual, firm, corporation, partnership,
trust, or other entity.

                                                                               3

<PAGE>

                  "Retention Payment" means an amount payable in accordance with
Section 5 hereof.

                  "Severance Benefit" means the benefit payable in accordance
with Section 4 hereof.

                  "Severance Period" means, for any Participant, the period
specified in such Participant's Award Letter during which certain benefits will
continue to be provided pursuant to Section 4.3(ii).

                  "Successor" of a Person means another Person that acquires
more than 50% of the combined voting power of such Person's securities or more
than 50% of the assets of such Person.

         3.       Eligibility.

                  3.1 Participation. Severance Benefits, Retention Payments, or
both shall be granted under the Plan by the Committee to selected officers and
other key executive and management employees of World whom the Committee shall
select from time to time prior to expiration or termination of the Plan. The
Committee will inform such individuals by an Award Letter of their selection as
Participants under the Plan and the benefits to which they are entitled under
this Plan.

                  3.2 Duration of Participation. A Participant shall cease to be
a Participant when he or she ceases to be an active employee of World, unless
such Participant is then entitled to payment of a Severance Benefit or Retention
Payment as provided in this Plan. A Participant entitled to payment of a
Severance Benefit or Retention Payment shall remain a Participant until the full
amount of such Severance Benefit of Retention Payment, as the case may be, has
been paid to the Participant.

                                                                               4

<PAGE>

         4.       Severance Benefits.

                  4.1 Right to Severance Benefits. A Participant shall be
entitled to receive from World the Severance Benefits specified in Section 4.3
if a Change of Control has occurred and if, within 24 months thereafter, the
Participant's employment by World shall terminate for any reason specified in
Section 4.2.1.

                  4.2 Termination of Employment.

                      4.2.1  Terminations that Give Rise to Severance Benefits.
In the event that a Participant's employment with World terminates for any of
the following reasons within 36 months after a Change of Control, such
Participant will be entitled to receive Severance Benefits:

                                       (a) termination by World of the
                             Participant's employment for any reason other than
                             For Cause; or

                                       (b) termination by a Participant of the
                             Participant's employment with World for Good
                             Reason.

                      4.2.2  Terminations that Do Not Give Rise to Severance
Benefits. A Participant will not be entitled to receive Severance Benefits if
his or her employment with World is terminated for any of the following reasons,
regardless of the occurrence of a Change of Control:

                                       (a) termination of the Participant's
                             employment by World For Cause;

                                       (b) termination of the Participant's
                             employment by the Participant other than for Good
                             Reason;

                                       (c) termination of the Participant's
                             employment by reason of death, illness or injury
                             that has prevented the Participant from performing
                             his or her duties (as they existed immediately
                             prior to such illness or injury) on a full-time
                             basis for 26 consecutive weeks, or retirement in
                             accordance with the normal policies of World.

                  4.3 Severance Benefits. If a Participant's employment with
World terminates under circumstances entitling the Participant to receive
Severance Benefits, as provided in Section 4.2.1 hereof:

                             (i) World shall pay the Participant in cash the
                      amount of Severance Benefit specified in the Participant's
                      Award Letter, which

                                                                               5

<PAGE>

                      payment shall be paid, at the election of the Participant,
                      either in a lump sum or in equal installments on the last
                      day of each calendar month following such termination
                      during the Severance Period specified in the Award Letter,
                      provided that the amount of Severance Benefit payable to
                      any Participant shall not exceed 150 percent of the annual
                      base salary of the Participant in effect immediately prior
                      to the Change of Control less one dollar; and

                          (ii) the Participant and his or her dependents and
                      immediate family, if any, shall be entitled to continue
                      participation in the life, medical, accident, and
                      disability insurance plans and policies of World, until
                      the earlier of the last day of the Severance Period
                      specified in the Participant's Award Letter or the date on
                      which the Participant becomes eligible for coverage under
                      a comparable plan of a new employer.

                  4.4 Other Benefits. The benefits under this Plan shall be in
addition to, and not in lieu of, all other accrued or vested or earned but
deferred compensation, rights, or other benefits that may be owed to a
Participant following termination of employment with World, provided that the
amount of any Severance Benefits payable under Section 4.3(i) hereof shall be
reduced by amounts payable under any existing plan, agreement, or applicable law
as a result of termination of a Participant's employment with World and a
Participant will be entitled to continuation of other benefits following any
such termination under either Section 4.3(ii) hereof or the terms of any other
applicable plan, agreement, or law, whichever is more favorable to the
Participant.

         5.       Retention Payments.  In the event that a Restructuring
Transaction is consummated within three years after the date on which this Plan
is adopted by the Board, each Participant who is an employee of World on the
date on which the Restructuring Transaction is consummated and who has been
issued an Award Letter providing for a Retention Payment will be entitled to
receive payment in cash, within 30 days thereafter, of a Retention Payment in
the amount set forth in the Participant's Award Letter.

         6.       Successor to World or Subsidiary. This Plan shall bind any
Successor (whether direct or indirect, by purchase, merger, consolidation, or
otherwise), in the same manner and to the same extent as World would be
obligated under this Plan if no succession had taken place. In the case of any
transaction in which a Successor would not, by the foregoing provision or
operation of law, be bound by this Plan, World shall require such Successor
expressly and unconditionally to assume and agree to perform the obligations of
World under this Plan, in the same manner and to the same extent that World
would be required to perform if no such succession had taken place.

         7.       Duration, Amendment and Termination of Plan

                                                                               6

<PAGE>

          7.1 Duration. If a Change of Control or Restructuring Transaction has
not occurred within three years after the date on which this Plan is adopted by
the Board, this Plan shall be terminated unless otherwise expressely amended by
the Board to continue to be effective as provided in Section 7.2. If a Change of
Control or Restructuring Transaction occurs within three years after the date on
which this Plan is adopted by the Board, this Plan shall continue in full force
and effect and shall not be subject to termination or expiration until after all
Participants who become entitled to receive Severance Benefits or Retention
Payments hereunder shall have received such payments in full.

          7.2 Amendment and Termination. This Plan may not be terminated or
amended within three years after the date on which this plan is adopted by the
Board in any manner that would have the effect of reducing the benefits provided
under the Plan to Participants. Unless a Change of Control or Restructuring
Transaction has occurred, this Plan may be terminated or amended in any respect
after three years following the date on which this Plan is adopted by the Board
by a resolution adopted by a least two-thirds of the members of the Board. Upon
the occurrence of a Change of Control or Restructuring Transaction, this Plan
shall no longer be subject to amendment, change, substitution, deletion,
revocation, or termination in any respect whatsoever until after all
Participants who become entitled to receive Severance Benefits or Retention
Payments hereunder shall have received such payments in full.

          7.3 Form of Amendment. The form of any amendment or termination of
this Plan shall be a written instrument signed by a duly authorized officer of
World, certifying that the amendment or termination has been approved by the
Board or the Committee, as the case may be. An amendment of this Plan permitted
hereunder shall automatically effect a corresponding amendment to all
Participants' rights hereunder. A termination of this Plan permitted hereunder
shall automatically effect a termination of all Participants' rights and
benefits hereunder.

          7.4 Effect of Bankruptcy Filing. In the event that World becomes a
debtor in reorganization proceedings, the Board intends to seek approval of the
bankruptcy court for the assumption of this Plan or the adoption of a plan
conferring benefits substantially similar to those contained herein.

    8.    Administration. The Committee shall administer this Plan. The
Committee shall have the authority to control and manage the administration and
operation of this Plan, which authority shall include, but not be limited to,
the authority to amend the Plan in accordance with Section 7 hereof. The
Committee shall from time to time as it may deem appropriate determine those
employees of World that will be Participants in this Plan, in its sole
discretion. The Committee may adopt such rules and regulations under this Plan
as its deems appropriate and interpret the Plan; provided that no
interpretation, rule, or regulation shall be inconsistent with the provisions or
stated purpose of the Plan. The Committee may engage the services of other
persons to render advice with regard to its administration of the Plan. The
Committee may

                                                                               7

<PAGE>

delegate its authority hereunder as its deems appropriate.

     9.   Miscellaneous.

          9.1 Disclaimer of Employment Rights. Neither this Plan nor any Award
Letter issued hereunder constitutes or shall be deemed a contract of employment.
Participation in this Plan does not give any Participant the right to be
retained in the employment of World. Except as provided otherwise in a separate
employment agreement with a Participant, the status of each Participant shall
remain that of an "employee at will."

          9.2 Legal Proceedings. World will pay all reasonable attorney and
other related legal fees and expenses incurred by any Participant in his or her
efforts to enforce his or her rights hereunder if the Participant's employment
with World is terminated following a Change of Control under circumstances
specified in Section 4.2.1 and the Participant brings an action at law or in
equity within 36 months thereafter to enforce the Participant's perceived rights
hereunder.

          9.3 Validity and Severability. The invalidity or unenforceability of
any provision of this Plan shall not affect the validity or enforceability of
any other provision of this Plan, which shall remain in full force and effect,
and any prohibition or unenforceability of any provision of this Plan in any
jurisdiction shall not invalidate or render unenforceable such provision in any
other jurisdiction.

          9.4 ERISA. This Plan is intended to constitute an unfunded welfare
plan maintained for the purpose of providing benefits for a select group of
management or highly compensated employees within the meaning of regulations
published under the Employment Retirement Income Security Act of 1974, as
amended (29 C.F.R. ss. 2520.104-24).

          9.5 Governing Law. This Plan shall be construed and administered in
accordance with the internal laws of the State of Virginia to the extent such
laws are not preempted by the laws of the United Sates of America.

                                  * * *

     Adopted by the Board of Directors, or a duly authorized committee thereof,
on December 17, 1998.

                                                                               8

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00037-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00037-of-00352.parquet"}]]