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                                                                    EXHIBIT 10.j

                                 MASCOTECH, INC.

                             1984 STOCK OPTION PLAN

                    (Amended and Restated September 21, 1999)

ARTICLE I.  PURPOSE

         The purpose of the 1984 Stock Option Plan (the "Plan") is to secure for
MascoTech, Inc. (the "Company") and its stockholders the benefits inherent in
stock ownership by selected key employees of and consultants to the Company and
its subsidiaries and affiliated companies who in the judgment of the committee
responsible for the administration of the Plan are largely responsible for the
Company's growth and success. The Plan is designed to accomplish this purpose by
offering such employees and consultants an opportunity to purchase shares of the
Common Stock of the Company. For purposes of the Plan a "subsidiary" is any
corporation in which the Company owns, directly or indirectly, stock possessing
more than fifty percent of the total combined voting power of all classes of
stock. For purposes of Articles III and VII of the Plan, an "affiliated company"
is any other corporation (and its subsidiaries) in which the Company or its
subsidiaries own stock possessing at least twenty percent of the total combined
voting power of all classes of stock, and for all other purposes of the Plan, an
"affiliated company" is any other corporation, at least twenty percent of the
total combined voting power of all classes of stock of which is owned by the
Company or by one or more other corporations in a chain of corporations, at
least twenty percent of the stock of each of which is held by the Company or a
subsidiary or another corporation within such chain.

ARTICLE II.  ADMINISTRATION

         The Plan shall be administered by a committee (the "Committee")
consisting of three or more of the Company's directors to be appointed by the
Board of Directors. No director shall become or remain a member of the Committee
unless at the time of his exercise of any discretionary function as a Committee
member such director is not eligible, and has not at any time within one year
prior to the exercise of such discretion been eligible for selection as a person
to whom stock may be allocated or to whom stock options or stock appreciation
rights may be granted pursuant to the Plan or any other plan of the Company or
any of its affiliates entitling the participants therein to acquire stock, stock
options or stock appreciation rights of the Company or any of its affiliates.
The Committee shall have authority, consistent with the Plan:

                  (a) to determine which key employees of and consultants to the
         Company, its subsidiaries and affiliated companies shall be granted
         options;

                  (b) to determine the time or times when options shall be
         granted and the number of shares of Common Stock to be subject to each
         option;

                  (c) to determine the option price of the stock subject to each
         option and the method of payment of such price;

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                  (d) to determine the time or times when each option becomes
         exercisable, limitations on exercise, and the duration of the exercise
         period;

                  (e) to prescribe the form or forms of the instruments
         evidencing any options granted under the Plan and of any other
         instruments required under the Plan, and to change such forms from time
         to time;

                  (f) to designate options granted to key employees of the
         Company or its "subsidiaries" under the Plan as "incentive stock
         options" ("ISOs"), as such terms are defined under the Internal Revenue
         Code;

                  (g) to adopt, amend and rescind rules and regulations for the
         administration of the Plan and the options and for its own acts and
         proceedings; and

                  (h) to decide all questions and settle all controversies and
         disputes which may arise in connection with the Plan.

         All decisions, determinations and interpretations of the Committee
shall be binding on all parties concerned.

ARTICLE III.  PARTICIPANTS

         Key employees of and consultants to the Company, its subsidiaries or
affiliated companies, including officers of the Company who are also employees
(who may also be directors, but excluding members of the Committee, any person
who serves only as a director or a non-employee officer of the Company and any
consultant to the Company or any of its subsidiaries or affiliated companies who
is not rendering services pursuant to a written agreement with the corporation
in question), as may be selected from time to time by the Committee in its
discretion, are eligible to receive options under the Plan. The grant of an
option to an employee or consultant shall not entitle such individual to other
grants or options, nor shall such grant disqualify such individual from further
participation.

ARTICLE IV.  LIMITATIONS

         No options shall be granted under the Plan after December 31, 1999, but
options theretofore granted may extend beyond that date. Subject to adjustment
as provided in Article IX, the number of shares of Common Stock of the Company
which may be issued under the Plan shall not exceed in the aggregate 8,160,000
shares; provided, however, that such total amount shall be reduced by the
aggregate number of shares of the Company's Common Stock awarded under the
Company's 1984 Restricted Stock Incentive Plan since the original adoption
thereof (other than shares forfeited to the Company which are thereby available
for further awards under Paragraph 2 of such Plan). To the extent that any
option granted under the Plan shall expire or terminate unexercised or for any
reason become unexercisable as to any stock subject thereto, such stock shall
thereafter be available for further grants under the Plan, within the limit
specified above. If an option granted under the Plan

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shall be accepted for surrender pursuant to Article VIII, any stock covered by
options so accepted shall not thereafter be available for the granting of other
options under the Plan.

         Notwithstanding any provision to the contrary in the Plan, no option
may be designated an ISO unless all of the following conditions are satisfied
with respect to such option:

                  (a) Such option must be granted on or prior to May 1, 1994,
         and such option by its terms is not exercisable after the expiration of
         ten years from the date such option is granted;

                  (b) Either (i) the employee to whom such option is granted
         does not, determined at the time such option is granted, own capital
         stock representing more than ten percent of the voting power of all
         classes of stock of the Company, its parent or any of its subsidiaries,
         or (ii) the option price is at least 110 percent of the fair market
         value, determined at the time such option is granted, of the stock
         subject to such option and such option by its terms is not exercisable
         more than five years from the date it is granted;

                  (c) Such option by its terms is not exercisable while there is
         outstanding an ISO which was granted to the same employee at an earlier
         time. For purposes of this clause (c), an ISO which has not been
         exercised in full shall be deemed to be outstanding, notwithstanding
         any cancellation or termination thereof, until the expiration of the
         period during which it could have been exercised under its original
         terms; and

                  (d) The aggregate fair market value of the Common Stock
         subject to such option plus the aggregate fair market value of Common
         Stock subject to ISOs previously or concurrently granted to the same
         employee in the same calendar year (all determined at the respective
         dates of grant of such options) must not exceed $100,000 (the "Basic
         Amount") plus the sum of the "Carry-Over Amounts" for each of the three
         calendar years immediately preceding the year in which such option is
         granted. The "Carry-Over Amount", as used in this clause (d) for any
         calendar year, shall mean (i) fifty percent of the amount by which
         $100,000 exceeds the fair market value, determined at the time of
         grant, of Common Stock subject to ISOs which were granted during such
         calendar year to the employee for whom the Carry-Over Amount is being
         determined, or (ii) $50,000 in the case such employee has not in such
         calendar year been granted any ISO. No amount shall be included in a
         Carry-Over Amount for any year to the extent such amount was
         theretofore necessarily included as a Carry-Over Amount to permit the
         qualification of an ISO under this clause (d), and Carry-Over Amounts
         shall only be utilized to permit the qualification of an ISO under this
         clause (d) in the order in which they first arose and then only if the
         Basic Amount has not theretofore been utilized to permit such
         qualification.

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ARTICLE V.  STOCK TO BE ISSUED

         The stock as to which options may be granted is the Company's Common
Stock, $1 par value. Such Stock may be authorized but unissued shares or shares
of Common Stock reacquired by the Company, including but not limited to shares
purchased on the open market. The Board of Directors and the officers of the
Company shall take any appropriate action required for such issuance.

ARTICLE VI.  TERMS AND CONDITIONS OF OPTIONS

         All options granted under the Plan shall be subject to the following
terms and conditions (except as otherwise provided in Article VII) and to such
other terms and condition as the Committee shall deem appropriate.

         (a) Option Price. Each option granted hereunder shall have such per
share option price as the Committee may determine, but not less than the fair
market value of Common Stock of the Company on the date the option is granted.

         (b) Terms of Options. The term of an option shall not exceed eleven
years from the date of grant. The date of grant shall be the date on which the
option is awarded by the Committee.

         (c) Exercise of Options.

                  (i) Each option shall be made exercisable not less than six
         months from the date of grant and at such time or times, whether or not
         in installments, as the Committee shall prescribe at the time the
         option is granted.

                  (ii) A person electing to exercise an option shall give
         written notice to the Company, as may be specified by the Committee, of
         exercise of the option and of the number of shares of stock elected for
         exercise, such notice to be accompanied by such instruments or
         documents as may be required by the Committee, and such person shall at
         the time of such exercise tender the purchase price of the stock
         elected for exercise unless otherwise directed by the Committee.

                  (iii) (A) Notwithstanding any of the provisions of this Plan
         or instruments evidencing options heretofore or hereafter granted
         hereunder, in the case of a Change in Control of the Company, each
         Option then outstanding shall immediately become exercisable in full. A
         Change in Control shall occur if any of the events described below in
         subparagraphs (1), (2) or (3) shall have occurred, unless the holder of
         any such option shall have consented to the application of subparagraph
         (3) in lieu of subparagraphs (1) and (2):

                           (1) any "person" or "group of persons" as such terms
                  are used in Section 13(d) and 14(d) of the Securities Exchange
                  Act of 1934 (the "Exchange Act") other than pursuant to a
                  transaction or agreement previously approved by the Board
                  directly or indirectly purchases or otherwise becomes the
                  "beneficial owner" (as defined

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                  in Rule 13d-3 under the Exchange Act) or has the right to
                  acquire such beneficial ownership (whether or not such right
                  is exercisable immediately, with the passage of time, or
                  subject to any condition), of voting securities representing
                  25% or more of the combined voting power of all outstanding
                  voting securities of (A) the Company or (B) of Masco
                  Corporation, a Delaware corporation ("Masco");

                           (2) during any period of twenty-four consecutive
                  calendar months, the individuals who at the beginning of such
                  period constitute the Company's or Masco's Board of Directors,
                  and any new directors whose election by either such Board or
                  nomination for election by stockholders was approved by a vote
                  of at least two-thirds of the members of such Board who were
                  either directors on such Board at the beginning of the period
                  or whose election or nomination for election as directors was
                  previously so approved, for any reason cease to constitute at
                  least a majority of the members thereof; or

                           (3) during any period of twenty-four consecutive
                  calendar months, the individuals who at the beginning of such
                  period constitute the Company's Board of Directors, and any
                  new directors (other than Excluded Directors, as hereinafter
                  defined), whose election by such Board or nomination for
                  election by stockholders was approved by a vote of at least
                  two-thirds of the members of such Board who were either
                  directors on such Board at the beginning of the period or
                  whose election or nomination for election as directors was
                  previously so approved, for any reason cease to constitute at
                  least a majority of the members thereof. For purposes hereof,
                  "Excluded Directors" are directors whose election by the Board
                  or approval by the Board for stockholder election occurred
                  within one year of any "person" or "group of persons", as such
                  terms are used in Sections 13(d) and 14(d) of the Exchange
                  Act, commencing a tender offer for, or becoming the beneficial
                  owner of, voting securities representing 25 percent or more of
                  the combined voting power of all outstanding voting securities
                  of the Company, other than pursuant to a tender offer approved
                  by the Board prior to its commencement or pursuant to stock
                  acquisitions approved by the Board prior to their representing
                  25 percent or more of such combined voting power.

                  (B)(1) In the event that subsequent to a Change in Control it
         is determined that any payment or distribution by the Company to or for
         the benefit of a participant, whether paid or payable or distributed or
         distributable pursuant to the terms of this Plan or otherwise, other
         than any payment pursuant to this subparagraph (B) (a "Payment"), would
         be subject to the excise tax imposed by Section 4999 of the Internal
         Revenue Code of 1986, as amended from time to time (the "Code"), or any
         interest or penalties with respect to such excise tax (such excise tax,
         together with any such interest and penalties, are hereinafter
         collectively referred to as the "Excise Tax"), then such participant
         shall be entitled to receive from the Company, within 15 days following
         the determination described in (2) below, an additional payment
         ("Excise Tax Adjustment Payment") in an amount such that after payment
         by such participant of all applicable Federal, state and local taxes
         (computed at the maximum marginal rates and including any interest or
         penalties imposed with respect to such taxes),

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         including any Excise Tax, imposed upon the Excise Tax Adjustment
         Payment, such participant retains an amount of the Excise Tax
         Adjustment Payment equal to the Excise Tax imposed upon the Payments.

                  (2) All determinations required to be made under this Article
         VI(c)(iii)(B), including whether an Excise Tax Adjustment Payment is
         required and the amount of such Excise Tax Adjustment Payment, shall be
         made by PricewaterhouseCoopers LLP, or such other national accounting
         firm as the Company, or, subsequent to a Change in Control, the Company
         and the participant jointly, may designate, for purposes of the Excise
         Tax, which shall provide detailed supporting calculations to the
         Company and the affected participant within 15 business days of the
         date of the applicable Payment. Except as hereinafter provided, any
         determination by PricewaterhouseCoopers LLP, or such other national
         accounting firm, shall be binding upon the Company and the participant.
         As a result of the uncertainty in the application of Section 4999 of
         the Code that may exist at the time of the initial determination
         hereunder, it is possible that (x) certain Excise Tax Adjustment
         Payments will not have been made by the Company which should have been
         made (an "Underpayment"), or (y) certain Excise Tax Adjustment Payments
         will have been made which should not have been made (an "Overpayment"),
         consistent with the calculations required to be made hereunder. In the
         event of an Underpayment, such Underpayment shall be promptly paid by
         the Company to or for the benefit of the affected participant. In the
         event that the participant discovers that an Overpayment shall have
         occurred, the amount thereof shall be promptly repaid to the Company.

                  (3) This Article VI(c)(iii)(B) shall not apply to any option
         that was granted to an executive officer of the Company, as determined
         under the Exchange Act.

         (d) Payment for Issuance of Stock. Upon and at the time of exercise of
any option granted pursuant to the Plan, payment in full shall be made for all
such stock then being purchased either in cash or, at the discretion of the
Committee, in whole or in part in Common Stock of the Company valued at its then
fair market value. Notwithstanding the foregoing, the Committee may in its
discretion permit the issuance of stock upon such other plan of payment as it
deems reasonable, provided that the then unpaid portion of the purchase price
shall be evidenced by a promissory note at such rate of interest and upon such
other terms and conditions as the Committee shall deem appropriate. In all cases
where stock is issued for less than present full payment of the purchase price,
there shall be placed upon the certificate or certificates representing such
stock a legend setting forth the amount paid at issuance, and the amount
remaining unpaid thereon, and stating that the stock is subject to call for the
remainder and may not be transferred by the holder until the balance due thereon
shall be fully paid.

         The Committee, in its discretion and in accordance with the procedures
established by the Committee, may permit a participant to satisfy, in whole or
in part, the applicable income tax withholding obligations in connection with
the exercise of a non-qualified stock option under the Plan by having withheld
from the shares to be issued upon the exercise of the option or by delivering
from shares of Common Stock of the Company owned by the participant such number
of shares having a fair market value equal to the amount needed to satisfy such
obligations.

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         (e) Conditions to Issuance. The Company shall not be obligated to issue
any stock unless and until:

                  (i) in the event of the Company's outstanding Common Stock is
         at the time listed upon any stock exchange, the shares of stock to be
         issued have been listed, or authorized to be added to the list upon
         official notice of issuance, upon such exchange, and

                  (ii) in the opinion of the Company's counsel there has been
         compliance with applicable law in connection with the issuance and
         delivery of stock and such issuance shall have been approved by the
         Company's counsel.

Without limiting the generality of the foregoing, the Company may require from
the participant such investment representation or such agreement, if any, as
counsel for the Company may consider necessary in order to comply with the
Securities Act of 1933 as then in effect, and may require that the participant
agree that any sale of the stock will be made only in such manner as shall be in
accordance with law and that the participant will notify the Company of any
intent to make any disposition of the stock whether by sale, gift or otherwise.
The participant shall take any action reasonably requested by the Company in
such connection. A participant shall have the rights of a stockholder only as
and when shares of stock have been actually issued to the participant pursuant
to the Plan.

         (f) Limits on Transferability of Options. No option may be transferred
by the participant other than (i) by designation of beneficiary as provided in
subsection (j) of this Article, or (ii) by will or the laws of descent and
distribution, or (iii) to a revocable grantor trust established by the
participant for the sole benefit of the participant during the participant's
life, and under the terms of which the participant is and remains the sole
trustee until death or physical or mental incapacity. Such assignment shall be
effected by a written instrument in form and content satisfactory to the
Committee, and the participant shall deliver to the Committee a true copy of the
agreement or other document evidencing such trust. If in the judgment of the
Committee the trust to which a participant may attempt to assign rights under
such an Award does not meet the criteria of a trust to which an assignment is
permitted by the terms hereof, or if after assignment, because of amendment, by
force of law or any other reason such trust no longer meets such criteria, such
attempted assignment shall be void and may be disregarded by the Committee and
the Company and all rights to any such Options shall revert to and remain solely
in the participant. Notwithstanding a qualified assignment, the participant, and
not the trust to which rights under such an Option may be assigned, for the
purpose of determining compensation arising by reason of the Option, shall
continue to be considered an employee or consultant, as the case may be, of the
Company or an affiliated company, but such trust and the participant shall be
bound by all of the terms and conditions of this Plan and any written agreement,
contract or other instrument or document evidencing any award granted under this
Plan. Shares issued in the name of and delivered to such trust shall be
conclusively considered issuance and delivery to the participant.

         (g) Consideration for Option. Each person receiving an option must
agree to remain as an employee or consultant upon the terms of employment or the
consulting arrangement then existing (unless different terms are mutually agreed
upon) for at least one year from the date of the granting

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of the option, subject to the right of the Company, its subsidiary or affiliated
company to terminate the participant's employment or consulting arrangement at
any time.

         (h) Termination of Employment. If the employment of or consulting
arrangement with a participant terminates for any reason (including termination
by reason of the fact that such corporation is no longer a subsidiary of
affiliated company) other than the participant's death or permanent and total
disability or, in the case of an employee, retirement on or after normal
retirement date, unless discharged for misconduct which in the opinion of the
Committee casts such discredit on the participant as to justify termination of
the option, the participant may thereafter exercise the option as provided
below. If such termination is voluntary on the part of the participant, the
option may be exercised only within ten days after the date of termination
unless a longer period is permitted by the Committee in its discretion. If such
termination is involuntary on the part of the participant, the option may be
exercised within three months after the day of termination. Except as expressly
provided in the Plan, in no event may a participant whose employment or
consulting agreement has been terminated voluntarily or involuntarily exercise
an option at a time when the option would not have been exercisable had the
employment or consulting arrangement continued. Notwithstanding the foregoing,
the Committee may by the express terms of the grant of the option extend the
aforesaid periods of time within which the participant may exercise an option
after the termination of employment or the consulting arrangement. For purposes
of this Article VI(h), a participant's employment or consulting arrangement
shall not be considered terminated (i) in the case of sick leave or other bona
fide leave of absence (not to exceed one year unless otherwise approved by the
Committee), (ii) in the case of a transfer of employment or the consulting
arrangement among the Company, its subsidiaries and affiliated companies, or
(iii) by virtue of a change of status from employee to consultant or from
consultant to employee. Unless otherwise expressly provided in the Plan or the
grant of the option, an option may be exercised only to the extent exercisable
on the date of termination of employment or of the consulting arrangement by
reason of death, permanent and total disability, retirement or otherwise.

         (i) Retirement; Disability. If prior to the expiration date of an
option the employee shall retire on or after normal retirement date or if the
employment or consulting relationship is terminated by reason of permanent and
total disability, such option may be exercised to the extent exercisable on the
date of retirement or such termination, provided such option shall be exercised
within three months of the date of retirement or such termination.
Notwithstanding the foregoing, in its discretion the Committee may permit the
exercise of an option held by a retired or disabled option holder upon other
terms and conditions as it deems advisable under the circumstances, and if the
period within which an option may be exercised has been extended the Committee
may terminate all unexercised options if it shall determine that the participant
has engaged in any activity detrimental to the Company's interests.

         (j) Death. If a participant dies at a time when entitled to exercise an
option, then at any time or times within one year after death (or such further
period as the Committee may allow) such option may be exercised, as to all or
any of the shares which the participant was entitled to purchase immediately
prior to death (unless the Committee shall have provided in the instrument
evidencing such option that all shares covered by the option are subject to
purchase upon death), by the person or persons designated in writing by the
participant in such form of beneficiary designation as may

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be approved by the Company, or failing designation by the participant's personal
representative, executor or administrator or the person or persons to whom the
option is transferred by will or the applicable laws of descent and
distribution. The Company may decline to deliver shares to a designated
beneficiary until it receives indemnity against claims of third parties
satisfactory to the Company. Except as so exercised such option shall expire at
the end of such period.

ARTICLE VII.  REPLACEMENT OPTIONS

         The Committee may grant options under the Plan on terms differing from
those provided for in Article VI where such options are granted in substitution
for options held by employees of or consultants who have written agreement to
render services to other entities who concurrently become employees of or
consultants to the Company or a subsidiary or an affiliated company as the
result of a merger, consolidation or other reorganization of such other entity
with the Company or a subsidiary or an affiliated company, or the acquisition by
the Company or a subsidiary or an affiliated company of the business, property
or stock of such other entity. The Committee may direct that the substitute
options be granted on such terms and conditions as the Committee considers
appropriate in the circumstances.

ARTICLE VIII.  SURRENDER OF OPTIONS

         The Committee may, in its discretion and under such terms and
conditions as it deems appropriate, accept the surrender by a participant of a
presently exercisable right to purchase stock granted under an option and
authorize payment by the Company in consideration therefor of an amount equal to
the difference obtained by subtracting the option price of the stock from its
fair market value on the date of such surrender, such payment to be in cash or
shares of the Common Stock of the Company valued at fair market value on the
date of such surrender, or partly in such stock and partly in cash, provided
that the Committee determines such settlement is consistent with the purpose of
the Plan.

ARTICLE IX.  CHANGES IN STOCK

         The Board of Directors is authorized to make such adjustments, if any,
as it shall deem appropriate in the number and kind of shares which may be
granted under the Plan, the number and kind of shares which are subject to
options then outstanding and the purchase price of shares subject to such
outstanding options, in the event of any change in capital or shares of capital
stock, any special distribution to stockholders or any extraordinary transaction
(including a merger, consolidation or dissolution) to which the Company is a
party. The determination of the Board of Directors as to such matters shall be
binding on all persons.

ARTICLE X.  EMPLOYMENT RIGHTS

         The adoption of the Plan does not confer upon any employee of or
consultant to the Company or a subsidiary or an affiliated company any right to
continue the employment or consulting relationship with the Company or a
subsidiary or an affiliated company, as the case may be, nor does it in any way
impair the right of the Company or a subsidiary or an affiliated company

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to terminate the employment of any of its employees or the consulting
arrangement with any of its consultants at any time.

ARTICLE XI.  AMENDMENTS

         The Committee may at any time discontinue granting options under the
Plan. The Board of Directors may at any time or times amend the Plan or amend
any outstanding option or options for the purpose of satisfying the requirements
of any changes in applicable laws or regulations or for any other purpose which
may at the time be permitted by law, provided that except to the extent
permitted under Article IX, without the approval of the stockholders of the
Company no such amendment shall increase the maximum number of shares of stock
available under the Plan, or alter the class of persons eligible to receive
options under the Plan, or without the consent of the participant void or
diminish options previously granted, nor increase or accelerate the conditions
and actions required for the exercise of the same, except that nothing herein
shall limit the Company's right to call stock, issued for deferred payment which
is evidenced by promissory note where the participant is in default of the
obligations on such note.

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                                                                    EXHIBIT 10.K

                                MASCO CORPORATION
                       1991 LONG TERM STOCK INCENTIVE PLAN

                            (Restated July 10, 1998)

SECTION 1.  PURPOSES

     The purposes of the 1991 Long Term Stock Incentive Plan (the "Plan") are to
encourage selected employees of and consultants to Masco Corporation (the
"Company") and its Affiliates to acquire a proprietary interest in the Company
in order to create an increased incentive to contribute to the Company's future
success and prosperity, and enhance the ability of the Company and its
Affiliates to attract and retain exceptionally qualified individuals upon whom
the sustained progress, growth and profitability of the Company depend, thus
enhancing the value of the Company for the benefit of its stockholders.

SECTION 2.  DEFINITIONS

     As used in the Plan, the following terms shall have the meanings set forth
below:

     (a) "Affiliate" shall mean any entity in which the Company's direct or
indirect equity interest is at least twenty percent, and any other entity in
which the Company has a significant direct or indirect equity interest, whether
more or less than twenty percent, as determined by the Committee.

     (b) "Award" shall mean any Option, Stock Appreciation Right, Restricted
Stock, Restricted Stock Unit, Performance Award, Dividend Equivalent or Other
Stock-Based Award granted under the Plan.

     (c) "Award Agreement" shall mean any written agreement, contract or other
instrument or document evidencing any Award granted under the Plan.

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

     (e) "Committee" shall mean a committee of the Company's directors
designated by the Board of Directors to administer the Plan and composed of not
less than two directors, each of whom is a "non-employee director" within the
meaning of Rule 16b-3.

     (f) "Dividend Equivalent" shall mean any right granted under Section 6(e)
of the Plan.

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

     (h) "Incentive Stock Option" shall mean an Option granted under Section
6(a) of the Plan that is intended to meet the requirements of Section 422 of the
Code, or any successor provision thereto.

     (i) "Non-Qualified Stock Option" shall mean an Option granted under Section
6(a) of the Plan that is not intended to be an Incentive Stock Option.

     (j) "Option" shall mean an Incentive Stock Option or a Non-Qualified Stock
Option.

     (k) "Other Stock-Based Award" shall mean any right granted under Section
6(f) of the Plan.

     (l) "Participant" shall mean an employee of or consultant to the Company or
any Affiliate designated to be granted an Award under the Plan.

     (m) "Performance Award" shall mean any right granted under Section 6(d) of
the Plan.

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     (n) "Restricted Period" shall mean the period of time during which Awards
of Restricted Stock or Restricted Stock Units are subject to restrictions.

     (o) "Restricted Stock" shall mean any Share granted under Section 6(c) of
the Plan.

     (p) "Restricted Stock Unit" shall mean any right granted under Section 6(c)
of the Plan that is denominated in Shares.

     (q) "Rule 16b-3" shall mean Rule 16b-3 promulgated by the Securities and
Exchange Commission under the Exchange Act, or any successor rule or regulation.

     (r) "Section 16" shall mean Section 16 of the Exchange Act, the rules and
regulations promulgated by the Securities and Exchange Commission thereunder, or
any successor provision, rule or regulation.

     (s) "Shares" shall mean the Company's common stock, par value $1.00 per
share, and such other securities or property as may become the subject of
Awards, or become subject to Awards, pursuant to an adjustment made under
Section 4(c) of the Plan.

     (t) "Stock Appreciation Right" shall mean any right granted under Section
6(b) of the Plan.

SECTION 3.  ADMINISTRATION

     The Committee shall administer the Plan, and subject to the terms of the
Plan and applicable law, the Committee's authority shall include without
limitation the power to:

              (i) designate Participants;

              (ii) determine the types of Awards to be granted;

              (iii) determine the number of Shares to be covered by Awards and
         any payments, rights or other matters to be calculated in connection
         therewith;

              (iv) determine the terms and conditions of Awards and amend the
         terms and conditions of outstanding Awards;

              (v) determine how, whether, to what extent, and under what
         circumstances Awards may be settled or exercised in cash, Shares, other
         securities, other Awards or other property, or canceled, forfeited or
         suspended;

              (vi) determine how, whether, to what extent, and under what
         circumstances cash, Shares, other securities, other Awards, other
         property and other amounts payable with respect to an Award shall be
         deferred either automatically or at the election of the holder thereof
         or of the Committee;

              (vii) determine the methods or procedures for establishing the
         fair market value of any property (including, without limitation, any
         Shares or other securities) transferred, exchanged, given or received
         with respect to the Plan or any Award;

              (viii) prescribe and amend the forms of Award Agreements and other
         instruments required under or advisable with respect to the Plan;

                                       2
<PAGE>   3

              (ix) designate Options granted to key employees of the Company or
         its subsidiaries as Incentive Stock Options;

              (x) interpret and administer the Plan, Award Agreements, Awards
         and any contract, document, instrument or agreement relating thereto;

              (xi) establish, amend, suspend or waive such rules and regulations
         and appoint such agents as it shall deem appropriate for the
         administration of the Plan;

              (xii) decide all questions and settle all controversies and
         disputes which may arise in connection with the Plan, Award Agreements
         and Awards;

              (xiii) delegate to directors of the Company the authority to
         designate Participants and grant Awards, and to amend Awards granted to
         Participants;

              (xiv) make any other determination and take any other action that
         the Committee deems necessary or desirable for the interpretation,
         application and administration of the Plan, Award Agreements and
         Awards.

     All designations, determinations, interpretations and other decisions under
or with respect to the Plan, Award Agreements or any Award shall be within the
sole discretion of the Committee, may be made at any time and shall be final,
conclusive and binding upon all persons, including the Company, Affiliates,
Participants, beneficiaries of Awards and stockholders of the Company.

SECTION 4.  SHARES AVAILABLE FOR AWARDS

     (a)  Shares Available.  Subject to adjustment as provided in Section 4(c):

              (i) Initial  Authorization.  There shall be 16,000,000 Shares
         initially  available for issuance under the Plan.

              (ii) Acquired Shares. In addition to the amount set forth above,
         up to 16,000,000 Shares acquired by the Company subsequent to the 1997
         Annual Meeting of Stockholders as full or partial payment for the
         exercise price for an Option or any other stock option granted by the
         Company, or acquired by the Company, in open market transactions or
         otherwise, in connection with the Plan or any Award hereunder or any
         other employee stock option or restricted stock issued by the Company
         may thereafter be included in the Shares available for Awards. If any
         Shares covered by an Award or to which an Award relates are forfeited,
         or if an Award expires, terminates or is cancelled, then the Shares
         covered by such Award, or to which such Award relates, or the number of
         Shares otherwise counted against the aggregate number of Shares
         available under the Plan by reason of such Award, to the extent of any
         such forfeiture, expiration, termination or cancellation, may
         thereafter be available for further granting of Awards and included as
         acquired Shares for purposes of the preceding sentence.

              (iii) Shares Under Prior Plans. In addition to the amounts set
         forth above, shares remaining available for issuance upon any
         termination of authority to make further awards under both the
         Company's 1988 Restricted Stock Incentive Plan and its 1988 Stock
         Option Plan shall thereafter be available for issuance hereunder.

              (iv) Accounting for Awards. For purposes of this Section 4,

                  (A) if an Award (other than a Dividend Equivalent) is
              denominated in Shares, the number of Shares covered by such Award,
              or to which such Award relates, shall be counted on the date of
              grant of such Award against the aggregate number of Shares
              available for granting Awards under the Plan to the extent

                                       3
<PAGE>   4

              determinable on such date and insofar as the number of Shares is
              not then determinable under procedures adopted by the Committee
              consistent with the purposes of the Plan; and

                  (B) Dividend Equivalents and Awards not denominated in Shares
              shall be counted against the aggregate number of Shares available
              for granting Awards under the Plan in such amount and at such time
              as the Committee shall determine under procedures adopted by the
              Committee consistent with the purposes of the Plan;

provided, however, that Awards that operate in tandem with (whether granted
simultaneously with or at a different time from), or that are substituted for,
other Awards or restricted stock awards or stock options granted under any other
plan of the Company may be counted or not counted under procedures adopted by
the Committee in order to avoid double counting. Any Shares that are delivered
by the Company or its Affiliates, and any Awards that are granted by, or become
obligations of, the Company, through the assumption by the Company of, or in
substitution for, outstanding restricted stock awards or stock options
previously granted by an acquired company shall not, except in the case of
Awards granted to Participants who are directors or officers of the Company for
purposes of Section 16, be counted against the Shares available for granting
Awards under the Plan.

     (v) Sources of Shares Deliverable Under Awards. Any Shares delivered
pursuant to an Award may consist, in whole or in part, of authorized but
unissued Shares or of Shares reacquired by the Company, including but not
limited to Shares purchased on the open market.

     (b) Individual Stock-Based Awards. Subject to adjustment as provided in
Section 4(c), no Participant may receive Options or Stock Appreciation Rights
under the Plan in any calendar year that relate to more than 2,000,000 Shares in
the aggregate; provided, however, that such number may be increased with respect
to any Participant by any Shares available for grant to such Participant in
accordance with this Paragraph 4(b) in any prior years that were not granted in
such prior year beginning on or after January 1, 1997. No provision of this
Paragraph 4(b) shall be construed as limiting the amount of any other
stock-based or cash-based Award which may be granted to any Participant.

     (c) Adjustments. Upon the occurrence of any dividend or other distribution
(whether in the form of cash, Shares, other securities or other property),
change in the capital or shares of capital stock, recapitalization, stock split,
reverse stock split, reorganization, merger, consolidation, split-up, spin-off,
combination, repurchase, or exchange of Shares or other securities of the
Company, issuance of warrants or other rights to purchase Shares or other
securities of the Company or extraordinary transaction or event which affects
the Shares, then the Committee shall have the authority to make such adjustment,
if any, in such manner as it deems appropriate, in (i) the number and type of
Shares (or other securities or property) which thereafter may be made the
subject of Awards, (ii) outstanding Awards including without limitation the
number and type of Shares (or other securities or property) subject thereto, and
(iii) the grant, purchase or exercise price with respect to outstanding Awards
and, if deemed appropriate, make provision for cash payments to the holders of
outstanding Awards; provided, however, that the number of Shares subject to any
Award denominated in Shares shall always be a whole number.

SECTION 5.  ELIGIBILITY

     Any employee of or consultant to the Company or any Affiliate, including
any officer of the Company (who may also be a director, any person who serves
only as a director of the Company and any consultant to the Company or an
Affiliate who is also a director of the Company and who is not rendering
services pursuant to a written agreement with the entity in question), as may be
selected from time to time by the Committee or by the directors to whom
authority may be delegated pursuant to Section 3 hereof in its or their
discretion, is eligible to be designated a Participant.

                                       4
<PAGE>   5

SECTION 6.  AWARDS

     (a) Options. The Committee is authorized to grant Options to Participants.

              (i) Committee Determinations.  Subject to the terms of the Plan,
              the Committee shall determine:

                  (A) the purchase price per Share under each Option, provided,
              however, that such price shall be not less than 100% of the fair
              market value of the Shares underlying such Option on the date of
              grant;

                  (B) the term of each Option; and

                  (C) the time or times at which an Option may be exercised, in
              whole or in part, the method or methods by which and the form or
              forms (including, without limitation, cash, Shares, other Awards
              or other property, or any combination thereof, having a fair
              market value on the exercise date equal to the relevant exercise
              price) in which payment of the exercise price with respect thereto
              may be made or deemed to have been made. The terms of any
              Incentive Stock Option granted under the Plan shall comply in all
              respects with the provisions of Section 422 of the Code, or any
              successor provision thereto, and any regulations promulgated
              thereunder.

         Subject to the terms of the Plan, the Committee may impose such
         conditions or restrictions on any Option as it deems appropriate.

              (ii) Other Terms. Unless otherwise determined by the Committee:

                  (A) A Participant electing to exercise an Option shall give
              written notice to the Company, as may be specified by the
              Committee, of exercise of the Option and the number of Shares
              elected for exercise, such notice to be accompanied by such
              instruments or documents as may be required by the Committee, and
              shall tender the purchase price of the Shares elected for
              exercise.

                  (B) At the time of exercise of an Option payment in full in
              cash or in Shares (that have been held by the Participant for at
              least six months) or any combination thereof, at the option of the
              Participant, shall be made for all Shares then being purchased.

                  (C) The Company shall not be obligated to issue any Shares
              unless and until:

                           (I) if the class of Shares at the time is listed upon
                  any stock exchange, the Shares to be issued have been listed,
                  or authorized to be added to the list upon official notice of
                  issuance, upon such exchange, and

                           (II) in the opinion of the Company's counsel there
                  has been compliance with applicable law in connection with the
                  issuance and delivery of Shares and such issuance shall have
                  been approved by the Company's counsel.

                  Without limiting the generality of the foregoing, the Company
              may require from the Participant such investment representation or
              such agreement, if any, as the Company's counsel may consider
              necessary in order to comply with the Securities Act of 1933 as
              then in effect, and may require that the Participant agree that
              any sale of the Shares will be made only in such manner as shall
              be in accordance with law and that the Participant will notify the
              Company of any intent to make any disposition of the Shares
              whether by sale, gift or otherwise. The Participant shall take any
              action reasonably requested by the Company in such connection. A
              Participant shall have the rights of a stockholder only as and
              when Shares have been actually issued to the Participant pursuant
              to the Plan.

                                       5
<PAGE>   6
                  (D) If the employment of or consulting arrangement with a
              Participant terminates for any reason (including termination by
              reason of the fact that an entity is no longer an Affiliate) other
              than the Participant's death, the Participant may thereafter
              exercise the Option as provided below, except that the Committee
              may terminate the unexercised portion of the Option concurrently
              with or at any time following termination of the employment or
              consulting arrangement (including termination of employment upon a
              change of status from employee to consultant) if it shall
              determine that the Participant has engaged in any activity
              detrimental to the interests of the Company or an Affiliate. If
              such termination is voluntary on the part of the Participant, the
              Option may be exercised only within ten days after the date of
              termination. If such termination is involuntary on the part of the
              Participant, if an employee retires on or after normal retirement
              date or if the employment or consulting relationship is terminated
              by reason of permanent and total disability, the Option may be
              exercised within three months after the date of termination or
              retirement. For purposes of this Paragraph (D), a Participant's
              employment or consulting arrangement shall not be considered
              terminated (i) in the case of approved sick leave or other bona
              fide leave of absence (not to exceed one year), (ii) in the case
              of a transfer of employment or the consulting arrangement among
              the Company and Affiliates, or (iii) by virtue of a change of
              status from employee to consultant or from consultant to employee,
              except as provided above.

                  (E) If a Participant dies at a time when entitled to exercise
              an Option, then at any time or times within one year after death
              such Option may be exercised, as to all or any of the Shares which
              the Participant was entitled to purchase immediately prior to
              death. The Company may decline to deliver Shares to a designated
              beneficiary until it receives indemnity against claims of third
              parties satisfactory to the Company. Except as so exercised such
              Option shall expire at the end of such period.

                  (F) An Option may be exercised only if and to the extent such
              Option was exercisable at the date of termination of employment or
              the consulting arrangement, and an Option may not be exercised at
              a time when the Option would not have been exercisable had the
              employment or consulting arrangement continued.

              (iii) Restoration Options. The Committee may grant a Participant
         the right to receive a restoration Option with respect to an Option or
         any other stock option granted by the Company. Unless the Committee
         shall otherwise determine, a restoration Option shall provide that the
         underlying option must be exercised while the Participant is an
         employee of or consultant to the Company or an Affiliate and the number
         of Shares which are subject to a restoration Option shall not exceed
         the number of whole Shares exchanged in payment for the exercise of the
         original option.

     (b) Stock Appreciation Rights. The Committee is authorized to grant Stock
Appreciation Rights to Participants. Subject to the terms of the Plan, a Stock
Appreciation Right granted under the Plan shall confer on the holder thereof a
right to receive, upon exercise thereof, the excess of (i) the fair market value
of one Share on the date of exercise or, if the Committee shall so determine in
the case of any such right other than one related to any Incentive Stock Option,
at any time during a specified period before or after the date of exercise over
(ii) the grant price of the right as specified by the Committee. Subject to the
terms of the Plan, the Committee shall determine the grant price, term, methods
of exercise and settlement and any other terms and conditions of any Stock
Appreciation Right and may impose such conditions or restrictions on the
exercise of any Stock Appreciation Right as it may deem appropriate.

     (c)  Restricted Stock and Restricted Stock Units.

              (i) Issuance. The Committee is authorized to grant to Participants
         Awards of Restricted Stock, which shall consist of Shares, and
         Restricted Stock Units which shall give the Participant the right to
         receive cash, other securities, other Awards or other property, in each
         case subject to the termination of the Restricted Period determined by
         the Committee.

                                       6
<PAGE>   7
              (ii) Restrictions. The Restricted Period may differ among
         Participants and may have different expiration dates with respect to
         portions of Shares covered by the same Award. Subject to the terms of
         the Plan, Awards of Restricted Stock and Restricted Stock Units shall
         have such restrictions as the Committee may impose (including, without
         limitation, limitations on the right to vote Restricted Stock or the
         right to receive any dividend or other right or property), which
         restrictions may lapse separately or in combination at such time or
         times, in installments or otherwise. Unless the Committee shall
         otherwise determine, any Shares or other securities distributed with
         respect to Restricted Stock or which a Participant is otherwise
         entitled to receive by reason of such Shares shall be subject to the
         restrictions contained in the applicable Award Agreement. Subject to
         the aforementioned restrictions and the provisions of the Plan,
         Participants shall have all of the rights of a stockholder with respect
         to Shares of Restricted Stock.

              (iii) Registration. Restricted Stock granted under the Plan may be
         evidenced in such manner as the Committee may deem appropriate,
         including, without limitation, book-entry registration or issuance of
         stock certificates.

              (iv) Forfeiture. Except as otherwise determined by the Committee:

                  (A) If the employment of or consulting arrangement with a
              Participant terminates for any reason (including termination by
              reason of the fact that any entity is no longer an Affiliate),
              other than the Participant's death or permanent and total
              disability or, in the case of an employee, retirement on or after
              normal retirement date, all Shares of Restricted Stock theretofore
              awarded to the Participant which are still subject to restrictions
              shall upon such termination of employment or the consulting
              relationship be forfeited and transferred back to the Company.
              Notwithstanding the foregoing or Paragraph (C) below, if a
              Participant continues to hold an Award of Restricted Stock
              following termination of the employment or consulting arrangement
              (including retirement and termination of employment upon a change
              of status from employee to consultant), the Shares of Restricted
              Stock which remain subject to restrictions shall nonetheless be
              forfeited and transferred back to the Company if the Committee at
              any time thereafter determines that the Participant has engaged in
              any activity detrimental to the interests of the Company or an
              Affiliate. For purposes of this Paragraph (A), a Participant's
              employment or consulting arrangement shall not be considered
              terminated (i) in the case of approved sick leave or other bona
              fide leave of absence (not to exceed one year), (ii) in the case
              of a transfer of employment or the consulting arrangement among
              the Company and Affiliates, or (iii) by virtue of a change of
              status from employee to consultant or from consultant to employee,
              except as provided above.

                  (B) If a Participant ceases to be employed or retained by the
              Company or an Affiliate by reason of death or permanent and total
              disability or if following retirement a Participant continues to
              have rights under an Award of Restricted Stock and thereafter
              dies, the restrictions contained in the Award shall lapse with
              respect to such Restricted Stock.

                  (C) If an employee ceases to be employed by the Company or an
              Affiliate by reason of retirement on or after normal retirement
              date, the restrictions contained in the Award of Restricted Stock
              shall continue to lapse in the same manner as though employment
              had not terminated.

                  (D) At the expiration of the Restricted Period as to Shares
              covered by an Award of Restricted Stock, the Company shall deliver
              the Shares as to which the Restricted Period has expired, as
              follows:

                      (1) if an assignment to a trust has been made in
                  accordance with Section 6(g)(iv)(B)(2)(c), to such trust; or

                      (2) if the Restricted Period has expired by reason of
                  death and a beneficiary has been designated in form approved
                  by the Company, to the beneficiary so designated; or

                                       7

<PAGE>   8

                      (3)  in all other cases, to the Participant or the legal
                           representative of the Participant's estate.

     (d) Performance Awards. The Committee is authorized to grant Performance
Awards to Participants. Subject to the terms of the Plan, a Performance Award
granted under the Plan (i) may be denominated or payable in cash, Shares
(including, without limitation, Restricted Stock), other securities, other
Awards, or other property and (ii) shall confer on the holder thereof rights
valued as determined by the Committee and payable to, or exercisable by, the
holder of the Performance Award, in whole or in part, upon the achievement of
such performance goals during such performance periods as the Committee shall
establish. Subject to the terms of the Plan, the performance goals to be
achieved during any performance period, the length of any performance period,
the amount of any Performance Award granted, the amount of any payment or
transfer to be made pursuant to any Performance Award and other terms and
conditions shall be determined by the Committee.

      (e) Dividend Equivalents. The Committee is authorized to grant to
Participants Awards under which the holders thereof shall be entitled to receive
payments equivalent to dividends or interest with respect to a number of Shares
determined by the Committee, and the Committee may provide that such amounts (if
any) shall be deemed to have been reinvested in additional Shares or otherwise
reinvested. Subject to the terms of the Plan, such Awards may have such terms
and conditions as the Committee shall determine.

     (f) Other Stock-Based Awards. The Committee is authorized to grant to
Participants such other Awards that are denominated or payable in, valued in
whole or in part by reference to or otherwise based on or related to Shares
(including, without limitation, securities convertible into Shares), as are
deemed by the Committee to be consistent with the purposes of the Plan,
provided, however, that such grants to persons who are subject to Section 16
must comply with the provisions of Rule 16b-3. Subject to the terms of the Plan,
the Committee shall determine the terms and conditions of such Awards. Shares or
other securities delivered pursuant to a purchase right granted under this
Section 6(f) shall be purchased for such consideration, which may be paid by
such method or methods and in such form or forms, including, without limitation,
cash, Shares, other securities, other Awards or other property or any
combination thereof, as the Committee shall determine.

     (g)  General.

         (i) No Cash Consideration for Awards. Awards may be granted for no cash
     consideration or for such minimal cash consideration as may be required by
     applicable law.

         (ii) Awards May Be Granted Separately or Together. Awards may, in the
     discretion of the Committee, be granted either alone or in addition to, in
     tandem with or in substitution for any other Award or any award granted
     under any other plan of the Company or any Affiliate. Awards granted in
     addition to or in tandem with other Awards or in addition to or in tandem
     with awards granted under another plan of the Company or any Affiliate, may
     be granted either at the same time as or at a different time from the grant
     of such other Awards or awards.

         (iii) Forms of Payment Under Awards. Subject to the terms of the Plan
     and of any applicable Award Agreement, payments or transfers to be made by
     the Company or an Affiliate upon the grant, exercise, or payment of an
     Award may be made in such form or forms as the Committee shall determine,
     including, without limitation, cash, Shares, other securities, other
     Awards, or other property, or any combination thereof, and may be made in a
     single payment or transfer, in installments, or on a deferred basis, in
     each case in accordance with rules and procedures established by the
     Committee. Such rules and procedures may include, without limitation,
     provisions for the payment or crediting of reasonable interest on
     installment or deferred payments or the grant or crediting of Dividend
     Equivalents in respect of installment or deferred payments.

         (iv) Limits on Transfer of Awards.

                                       8

<PAGE>   9

                  (A) Except as the Committee may otherwise determine, no Award
              or right under any Award may be sold, encumbered, pledged,
              alienated, attached, assigned or transferred in any manner and any
              attempt to do any of the foregoing shall be void and unenforceable
              against the Company.

                  (B) Notwithstanding the provisions of Paragraph (A) above:

                      (1) An Option may be transferred:

                           (a) to a beneficiary designated by the Participant in
                      writing on a form approved by the Committee;

                           (b) by will or the applicable laws of descent and
                      distribution to the personal representative, executor or
                      administrator of the Participant's estate; or

                           (c) to a revocable grantor trust established by the
                      Participant for the sole benefit of the Participant during
                      the Participant's life, and under the terms of which the
                      Participant is and remains the sole trustee until death or
                      physical or mental incapacity. Such assignment shall be
                      effected by a written instrument in form and content
                      satisfactory to the Committee, and the Participant shall
                      deliver to the Committee a true copy of the agreement or
                      other document evidencing such trust. If in the judgment
                      of the Committee the trust to which a Participant may
                      attempt to assign rights under such an Award does not meet
                      the criteria of a trust to which an assignment is
                      permitted by the terms hereof, or if after assignment,
                      because of amendment, by force of law or any other reason
                      such trust no longer meets such criteria, such attempted
                      assignment shall be void and may be disregarded by the
                      Committee and the Company and all rights to any such
                      Options shall revert to and remain solely in the
                      Participant. Notwithstanding a qualified assignment, the
                      Participant, and not the trust to which rights under such
                      an Option may be as signed, for the purpose of determining
                      compensation arising by reason of the Option shall
                      continue to be considered an employee or consultant, as
                      the case may be, of the Company or an Affiliate, but such
                      trust and the Participant shall be bound by all of the
                      terms and conditions of the Award Agreement and this Plan.
                      Shares issued in the name of and delivered to such trust
                      shall be conclusively considered issuance and delivery to
                      the Participant.

                      (2) A Participant may assign or transfer rights under an
                  Award of Restricted Stock or Restricted Stock Units:

                           (a) to a beneficiary designated by the Participant in
                  writing on a form approved by the Committee;

                           (b) by will or the applicable laws of descent and
                  distribution to the personal representative, executor or
                  administrator of the Participant's estate; or

                           (c) to a revocable grantor trust established by the
                   Participant for the sole benefit of the Participant during
                   the Participant's life, and under the terms of which the
                   Participant is and remains the sole trustee until death or
                   physical or mental incapacity. Such assignment shall be
                   effected by a written instrument in form and content
                   satisfactory to the Committee, and the Participant shall
                   deliver to the Committee a true copy of the agreement or
                   other document evidencing such trust. If in the judgment of
                   the Committee the trust to which a Participant may attempt to
                   assign rights under such an Award does not meet the criteria
                   of a trust to which an assignment is permitted by the terms
                   hereof, or if after assignment, because of amendment, by
                   force of law or any other reason such trust no longer meets
                   such criteria, such attempted assignment shall be void and
                   may be disregarded by the Committee and the Company and all
                   rights to any such Awards shall revert to and remain solely
                   in the Participant. Notwithstanding a qualified assignment,
                   the Participant, and not the trust

                                       9

<PAGE>   10

                   to which rights under such an Award may be assigned, for the
                   purpose of determining compensation arising by reason of the
                   Award shall continue to be considered an employee or
                   consultant, as the case may be, of the Company or an
                   Affiliate, but such trust and the Participant shall be bound
                   by all of the terms and conditions of the Award Agreement and
                   this Plan. Shares issued in the name of and delivered to such
                   trust shall be conclusively considered issuance and delivery
                   to the Participant.

                   (3) The Committee shall not permit directors or officers of
              the Company for purposes of Section 16 to transfer or assign
              Awards except as permitted under Rule 16b-3.

              (C) The Committee, the Company and its officers, agents and
         employees may rely upon any beneficiary designation, assignment or
         other instrument of transfer, copies of trust agreements and any other
         documents delivered to them by or on behalf of the Participant which
         they believe genuine and any action taken by them in reliance thereon
         shall be conclusive and binding upon the Participant, the personal
         representatives of the Participant's estate and all persons asserting a
         claim based on an Award. The delivery by a Participant of a beneficiary
         designation, or an assignment of rights under an Award as permitted
         hereunder, shall constitute the Participant's irrevocable undertaking
         to hold the Committee, the Company and its officers, agents and
         employees harmless against claims, including any cost or expense
         incurred in defending against claims, of any person (including the
         Participant) which may be asserted or alleged to be based on an Award
         subject to a beneficiary designation or an assignment. In addition, the
         Company may decline to deliver Shares to a beneficiary until it
         receives indemnity against claims of third parties satisfactory to the
         Company.

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

     (vi) Change in Control. (A) Notwithstanding any of the provisions of this
Plan or instruments evidencing Awards granted hereunder, upon a Change in
Control of the Company (as hereinafter defined) the vesting of all rights of
Participants under outstanding Awards shall be accelerated and all restrictions
thereon shall terminate in order that Participants may fully realize the
benefits thereunder. Such acceleration shall include, without limitation, the
immediate exercisability in full of all Options and the termination of
restrictions on Restricted Stock and Restricted Stock Units. Further, in
addition to the Committee's authority set forth in Section 4(c), the Committee,
as constituted before such Change in Control, is authorized, and has sole
discretion, as to any Award, either at the time such Award is made hereunder or
any time thereafter, to take any one or more of the following actions: (i)
provide for the purchase of any such Award, upon the Participant's request, for
an amount of cash equal to the amount that could have been attained upon the
exercise of such Award or realization of the Participant's rights had such Award
been currently exercisable or payable; (ii) make such adjustment to any such
Award then outstanding as the Committee deems appropriate to reflect such Change
in Control; and (iii) cause any such Award then outstanding to be assumed, or
new rights substituted therefor, by the acquiring or surviving corporation after
such Change in Control.

              (B) With respect to any Award granted hereunder prior to December
         6, 1995, a Change in Control shall occur if:

                  (1) any "person" or "group of persons" as such terms are used
              in Sections 13(d) and 14(d) of the Exchange Act, other than
              pursuant to a transaction or agreement previously approved by the
              Board of Directors of the Company, directly or indirectly
              purchases or otherwise becomes the "beneficial owner" (as defined
              in Rule 13d-3 under the Exchange Act) or has the right to acquire
              such beneficial ownership

                                       10
<PAGE>   11

              (whether or not such right is exercisable immediately, with the
              passage of time, or subject to any condition) of voting securities
              representing 25 percent or more of the combined voting power of
              all outstanding voting securities of the Company; or

                  (2) during any period of twenty-four consecutive calendar
              months, the individuals who at the beginning of such period
              constitute the Company's Board of Directors, and any new directors
              whose election by such Board or nomination for election by
              stockholders was approved by a vote of at least two-thirds of the
              members of such Board who were either directors on such Board at
              the beginning of the period or whose election or nomination for
              election as directors was previously so approved, for any reason
              cease to constitute at least a majority of the members thereof.

              (C) Notwithstanding the provisions of subparagraph (B), with
         respect to Awards granted hereunder on or after December 6, 1995, a
         Change in Control shall occur only if the event described in this
         subparagraph (C) shall have occurred. With respect to any other Award
         granted prior thereto, a Change in Control shall occur if any of the
         events described in subparagraphs (B) or (C) shall have occurred,
         unless the holder of any such Award shall have consented to the
         application of this subparagraph (C) in lieu of the foregoing
         subparagraph (B). A Change in Control for purposes of this subparagraph
         (C) shall occur if, during any period of twenty-four consecutive
         calendar months, the individuals who at the beginning of such period
         constitute the Company's Board of Directors, and any new directors
         (other than Excluded Directors, as hereinafter defined), whose election
         by such Board or nomination for election by stockholders was approved
         by a vote of at least two-thirds of the members of such Board who were
         either directors on such Board at the beginning of the period or whose
         election or nomination for election as directors was previously so
         approved, for any reason cease to constitute at least a majority of the
         members thereof. For purposes hereof, "Excluded Directors" are
         directors whose election by the Board or approval by the Board for
         stockholder election occurred within one year of any "person" or "group
         of persons", as such terms are used in Sections 13(d) and 14(d) of the
         Exchange Act, commencing a tender offer for, or becoming the beneficial
         owner of, voting securities representing 25 percent or more of the
         combined voting power of all outstanding voting securities of the
         Company, other than pursuant to a tender offer approved by the Board
         prior to its commencement or pursuant to stock acquisitions approved by
         the Board prior to their representing 25 percent or more of such
         combined voting power.

              (D) (1) In the event that subsequent to a Change in Control it is
         determined that any payment or distribution by the Company to or for
         the benefit of a Participant, whether paid or payable or distributed or
         distributable pursuant to the terms of this Plan or otherwise, other
         than any payment pursuant to this subparagraph (D) (a "Payment"), would
         be subject to the excise tax imposed by Section 4999 of the Code or any
         interest or penalties with respect to such excise tax (such excise tax,
         together with any such interest and penalties, are hereinafter
         collectively referred to as the "Excise Tax"), then such Participant
         shall be entitled to receive from the Company, within 15 days following
         the determination described in (2) below, an additional payment
         ("Excise Tax Adjustment Payment") in an amount such that after payment
         by such Participant of all applicable Federal, state and local taxes
         (computed at the maximum marginal rates and including any interest or
         penalties imposed with respect to such taxes), including any Excise
         Tax, imposed upon the Excise Tax Adjustment Payment, such Participant
         retains an amount of the Excise Tax Adjustment Payment equal to the
         Excise Tax imposed upon the Payments.

                  (2) All determinations required to be made under this Section
         6(g)(vi)(D), including whether an Excise Tax Adjustment Payment is
         required and the amount of such Excise Tax Adjustment Payment, shall be
         made by PricewaterhouseCoopers LLP, or such other national accounting
         firm as the Company, or, subsequent to a Change in Control, the Company
         and the Participant jointly, may designate, for purposes of the Excise
         Tax, which shall provide detailed supporting calculations to the
         Company and the affected Participant within 15 business days of the
         date of the applicable Payment. Except as hereinafter provided, any
         determination by PricewaterhouseCoopers LLP, or such other national
         accounting firm, shall be binding upon the Company and the Participant.
         As a result of the uncertainty in the application of Section 4999 of

                                       11
<PAGE>   12

         the Code that may exist at the time of the initial determination
         hereunder, it is possible that (x) certain Excise Tax Adjustment
         Payments will not have been made by the Company which should have been
         made (an "Underpayment"), or (y) certain Excise Tax Adjustment Payments
         will have been made which should not have been made (an "Overpayment"),
         consistent with the calculations required to be made hereunder. In the
         event of an Underpayment, such Underpayment shall be promptly paid by
         the Company to or for the benefit of the affected Participant. In the
         event that the Participant discovers that an Overpayment shall have
         occurred, the amount thereof shall be promptly repaid to the Company.

                  (3) This Section 6(g)(vi)(D) shall not apply to any Award (x)
         that was granted prior to February 17, 1993 and (y) the holder of which
         is an executive officer of the Company, as determined under the
         Exchange Act.

     (vii) Cash Settlement. Notwithstanding any provision of this Plan or of any
Award Agreement to the contrary, any Award outstanding hereunder may at any time
be cancelled in the Committee's sole discretion upon payment of the value of
such Award to the holder thereof in cash or in another Award hereunder, such
value to be determined by the Committee in its sole discretion.

SECTION 7.  AMENDMENT AND TERMINATION

     Except to the extent prohibited by applicable law and unless otherwise
expressly provided in an Award Agreement or in the Plan:

     (a) Amendments to the Plan. The Board of Directors of the Company may amend
the Plan and the Board of Directors or the Committee may amend any outstanding
Award; provided, however, that (i) no Plan amendment shall be effective until
approved by stockholders of the Company insofar as stockholder approval thereof
is required in order for the Plan to continue to satisfy the conditions of Rule
16b-3, and (ii) without the consent of affected Participants no amendment of the
Plan or of any Award may impair the rights of Participants under outstanding
Awards, and (iii) no Option may be amended to reduce its initial exercise price
other than in connection with an event described in Section 4(c) hereof.

     (b) Waivers. The Committee may waive any conditions or rights under any
Award theretofore granted, prospectively or retroactively, without the consent
of any Participant.

     (c) Adjustments of Awards Upon the Occurrence of Certain Unusual or
Nonrecurring Events. The Committee shall be authorized to make adjustments in
the terms and conditions of, and the criteria included in, Awards in recognition
of unusual or nonrecurring events (including, without limitation, the events
described in Section 4(c) hereof) affecting the Company, any Affiliate, or the
financial statements of the Company or any Affiliate, or of changes in
applicable laws, regulations, or accounting principles, whenever the Committee
determines that such adjustments are appropriate in order to prevent dilution or
enlargement of the benefits or potential benefits to be made available under the
Plan.

     (d) Correction of Defects, Omissions, and Inconsistencies. The Committee
may correct any defect, supply any omission or reconcile any inconsistency in
the Plan or any Award in the manner and to the extent it shall deem desirable to
effectuate the Plan.

SECTION 8.  GENERAL PROVISIONS

     (a) No Rights to Awards. No Participant or other person shall have any
claim to be granted any Award under the Plan, and there is no obligation for
uniformity of treatment of Participants or holders or beneficiaries of Awards
under the Plan. The terms and conditions of Awards of the same type and the
determination of the Committee to grant a waiver or modification of any Award
and the terms and conditions thereof need not be the same with respect to each
Participant.

                                       12
<PAGE>   13

     (b) Withholding. The Company or any Affiliate shall be authorized to
withhold from any Award granted or any payment due or transfer made under any
Award or under the Plan the amount (in cash, Shares, other securities, other
Awards or other property) of withholding taxes due in respect of an Award, its
exercise or any payment or transfer under such Award or under the Plan and to
take such other action as may be necessary in the opinion of the Company or
Affiliate to satisfy all obligations for the payment of such taxes.

     (c) No Limit on Other Compensation Arrangements. Nothing contained in the
Plan shall prevent the Company or any Affiliate from adopting or continuing in
effect other or additional compensation arrangements, including the grant of
options and other stock-based awards, and such arrangements may be either
generally applicable or applicable only in specific cases.

     (d) No Right to Employment. The grant of an Award shall not be construed as
giving a Participant the right to be retained in the employ of the Company or
any Affiliate. Further, the Company or an Affiliate may at any time dismiss a
Participant from employment, free from any liability, or any claim under the
Plan, unless otherwise expressly provided in the Plan or in any Award Agreement
or other written agreement with the Participant.

     (e) Governing Law. The validity, construction and effect of the Plan and
any rules and regulations relating to the Plan shall be determined in accordance
with the laws of the State of Michigan and applicable Federal law.

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

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

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

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

SECTION 9.  EFFECTIVE DATE OF THE PLAN

     The Plan shall be effective as of the date of its approval by the Company's
stockholders.

                                       13

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