Document:

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                                                                    EXHIBIT 10.1

                                 OPENTV CORP.
                              2000 EXCHANGE PLAN

                            Adopted on May 12, 2000
                    Amended and Restated on August 24, 2000

                                  ARTICLE ONE
                              GENERAL PROVISIONS

     1.   PURPOSE.

     This 2000 EXCHANGE PLAN (the "Plan") is intended to promote the interests
of OpenTV, Inc., a Delaware corporation ("OpenTV, Inc."), OpenTV Corp., an
international business company organized under the laws of the British Virgin
Islands (the "Company"), and any direct or indirect subsidiary of OpenTV, Inc.
and the Company by providing liquidity to all current and former employees of
OpenTV, Inc., the Company and any direct or indirect subsidiary of OpenTV, Inc.
or the Company (the "Holders") that hold shares of Class A Common Stock, par
value $0.001 per share of OpenTV, Inc. and Class B Common Stock, par value
$0.001 per share of OpenTV, Inc. (collectively, the "Common Stock") and options
to purchase shares of Common Stock, issued pursuant to the OpenTV, Inc. 1998
Stock Option/Stock Issuance Plan, as amended and restated from time to time (the
"1998 Plan") by granting the Holders the right to exchange vested shares of
Common Stock for an equal number of Class A Ordinary Shares, no par value per
share (the "Ordinary Shares") of the Company.

     Capitalized terms used herein but not otherwise defined herein shall have
the meanings assigned to such terms in the attached Appendix.

     2.   STRUCTURE OF PLAN.

          Any right granted under the Plan to exchange vested shares of Common
Stock for Ordinary Shares shall be referred to herein as a "Right". The
provisions of Articles One, Two and Three shall apply to all Rights under the
Plan and shall accordingly govern the interests of all Participants under the
Plan.

     3.   ADMINISTRATION OF THE PLAN.

          a.   The Plan shall be administered by the Board. However, any or all
administrative functions otherwise exercisable by the Board may be delegated to
a committee composed of not fewer than two (2) Directors (the "Committee"), and
may also be, in the

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discretion of the Board, Outside Directors. If administration is delegated to a
Committee, the Committee shall have, in connection with the administration of
the Plan, the powers theretofore possessed by the Board (and references in this
Plan to the Board shall thereafter be to the Committee), subject, however, to
such resolutions, not inconsistent with the provisions of the Plan, as may be
adopted from time to time by the Board. The Board may abolish the Committee at
any time and revest in the Board the administration of the Plan.

          b.   The Board shall have full power and authority (subject to the
provisions of the Plan) to establish such rules and regulations as it may deem
appropriate for proper administration of the Plan and to make such
determinations under and interpretations of the Plan and any outstanding Rights
thereunder as it may deem necessary or advisable. Decisions of the Board shall
be final and binding on all parties who have an interest in the Plan or any
Right thereunder.

     4.   ELIGIBILITY.

          a.   The persons eligible to participate in the Plan are those current
and former employees of OpenTV, Inc., the Company and any direct or indirect
subsidiary of OpenTV, Inc. and the Company, including current and former
employees of OpenTV EURL, that hold shares of Common Stock and options to
purchase shares of Common Stock issued pursuant to the 1998 Plan.

          b.   The Board shall have full authority to determine which
Participants are to receive Rights, the time or times when such Rights are to be
granted, the number of shares of Common Stock covered by the Rights and the
consideration to be paid by the Participant, if any, for the Ordinary Shares to
be issued in exchange for the shares of Common Stock covered by each Right.

          c.   The Board shall have the absolute discretion to grant Rights.

     5.   SHARES SUBJECT TO THE PLAN

          a.   The Ordinary Shares issuable under the Plan shall be authorized
but unissued or reacquired Ordinary Shares. Subject to the provisions of
subsection 1.c. of this Section 5 relating to adjustments upon changes in the
capitalization of the Company and OpenTV, Inc., the maximum number of Ordinary
Shares which may be issued in exchange for shares of Common Stock over the term
of the Plan shall not exceed 1,673,850 Ordinary Shares.

          b.   Ordinary Shares issuable in exchange for vested shares of Common
Stock shall be available for subsequent issuance under the Plan to the extent
(i) the Rights expire or terminate for any reason prior to exercise in full or
(ii) the Rights are cancelled in

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accordance with the cancellation-regrant provisions of Article Two. Unvested
Ordinary Shares issued under the Plan and subsequently repurchased by the
Company pursuant to the Company's repurchase rights under the Plan shall be
added back to the number of Ordinary Shares reserved for issuance under the Plan
and shall accordingly be available for reissuance through one or more subsequent
Rights under the Plan.

          c.  If any change is made in the shares of Common Stock subject to the
Plan, the Ordinary Shares issuable under the Plan, or subject to any Right
(through merger, consolidation, reorganization, recapitalization,
reincorporation, share dividend, dividend in property other than cash, share
split, liquidating dividend, combination of shares, exchange of shares, change
in corporate structure or other transaction not involving the receipt of
consideration by the Company or OpenTV, Inc.), the Plan will be appropriately
adjusted in the class(es) and number of shares and price per share of shares of
Common Stock subject to such outstanding Rights and Ordinary Shares issuable
upon exercise of such Rights.  Such adjustments shall be made by the Board or
the Committee, the determination of which shall be final, binding and
conclusive.

                                  ARTICLE TWO
                          RIGHTS AND EXCHANGE PROGRAM

     1.   TERMS OF RIGHTS

          a.  Exercise and Term of Rights.  Each Right shall be exercisable at
such time or times, during such period and for such number of Ordinary Shares as
shall be determined by the Board.  However, no Right shall have a term in excess
of fifteen (15) years measured from the Right grant date.

          b.  Shareholder Rights.   The holder of a Right shall have no
shareholder rights with respect to the Ordinary Shares issuable pursuant to
Rights granted under the Plan until such person shall have exercised the Right
and become a holder of record of the Ordinary Shares received upon exercise of
the Right.

          c.  Unvested Shares of Common Stock.  The Board may not grant Rights
which are exercisable in exchange for unvested shares of Common Stock and
Participants may only exchange vested shares of Common Stock for Ordinary Shares
pursuant to Rights granted under the Plan.

          d.  Limited Transferability of Rights. During the lifetime of the
Participant, the Rights shall be exercisable only by the Participant and shall
not be assignable or transferable other than by will or by the laws of descent
and distribution following the Participant's death; provided, however, that,
                                                    --------  -------
pursuant to local law or the applicable law of

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descent, Participants may transfer Rights to charitable trusts and other
charitable organizations in the event that the shares of Common Stock subject to
such Rights have also been transferred by such Participant to such charitable
trust or organization.

          e.  Withholding.  The Company's obligation to deliver Ordinary Shares
upon the exercise of any Right granted under the Plan shall be subject to the
satisfaction of all applicable federal, state and local income and employment
tax withholding requirements.

     2.   CANCELLATION AND REGRANT OF RIGHTS

          The Board shall have the authority to effect, at any time and from
time to time, with the consent of the affected Right holders, the cancellation
of any or all outstanding Rights under the Plan and to grant in substitution
therefor new Rights covering the same or different number of shares of Common
Stock but with exchange terms with respect to the Ordinary Shares that are no
less favorable than those exchange terms in the Plan on the new Right grant
date.

     3.   EXCHANGE TERMS

          Ordinary Shares may be issued in exchange for vested shares of Common
Stock under the Exchange Program through direct and immediate issuances. Each
such issuance shall be evidenced by a Notice of Exchange in form and substance
satisfactory to the Company.

     4.   CORPORATE TRANSACTION

          a.  The shares of Common Stock subject to each Right outstanding under
the Plan at the time of a Corporate Transaction shall automatically vest in full
so that each such Right shall, immediately prior to the effective date of the
Corporate Transaction, become fully exercisable for all of the Ordinary Shares
into which such shares of Common Stock may be exchanged at the time subject to
that Right and may be exercised for any or all of those Ordinary Shares as
fully-vested Ordinary Shares. However, the shares of Common Stock subject to an
outstanding Right shall not vest on such an accelerated basis if and to the
extent (i) such Right is assumed by the successor corporation (or parent
thereof) in the Corporate Transaction and OpenTV, Inc.'s repurchase rights with
respect to the unvested Right shares are concurrently assigned to such successor
corporation (or parent thereof) or (ii) such Right is to be replaced with a cash
incentive program of the successor corporation which preserves the spread
existing on the unvested Right shares at the time of the Corporate Transaction
and provides for subsequent payout in accordance with the same vesting schedule
applicable to those unvested Right shares or (iii) the acceleration of such
Right is subject to other limitations imposed by the Board at the time of the
Right grant.

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          b.  All outstanding repurchase rights under the Plan shall also
terminate automatically, and the shares of Common Stock subject to those
terminated rights shall immediately vest in full, in the event of any Corporate
Transaction, except to the extent (i) those repurchase rights are assigned to
the successor corporation (or parent thereof) in connection with such Corporate
Transaction or (ii) such accelerated vesting is precluded by other limitations
imposed by the Board at the time the repurchase right was issued.

          c.  Immediately following the consummation of the Corporate
Transaction, all outstanding Rights shall terminate and cease to be outstanding,
except to the extent assumed by the successor corporation (or parent thereof).

          d.  Each Right which is assumed in connection with a Corporate
Transaction shall be appropriately adjusted, immediately after such Corporate
Transaction, to apply to the number and class of securities which would have
been issuable to the Participant in consummation of such Corporate Transaction,
had the Right been exercised immediately prior to such Corporate Transaction.
Appropriate adjustments shall also be made to the number and class of securities
available for issuance under the Plan following the consummation of such
Corporate Transaction.

          e.  The Board shall have the discretion, exercisable either at the
time the Right is granted or at any time while the Right remains outstanding, to
provide for the automatic acceleration (in whole or in part) of one or more
outstanding Rights (and the immediate termination of OpenTV, Inc.'s repurchase
rights with respect to the shares subject to those Rights) upon the occurrence
of a Corporate Transaction, whether or not those Rights are to be assumed in the
Corporate Transaction.

          f.  The Board shall also have full power and authority, exercisable
either at the time the Right is granted or at any time while the Right remains
outstanding, to structure such Right so that the shares of Common Stock subject
to that Right will automatically vest on an accelerated basis should the
Participant's Service terminate by reason of an Involuntary Termination within a
designated period (not to exceed eighteen (18) months) following the effective
date of any Corporate Transaction in which the Right is assumed and the
repurchase rights applicable to those shares do not otherwise terminate. Any
Right so accelerated shall remain exercisable for the fully-vested Right shares
until the earlier of (i) the expiration of the Right term or (ii) the expiration
of the one (1)-year period measured from the effective date of the Involuntary
Termination. In addition, the Board may provide that one or more of the
outstanding repurchase rights with respect to shares of Common Stock held by the
Participant at the time of such Involuntary Termination shall immediately
terminate on an accelerated basis, and the shares subject to those terminated
rights shall accordingly vest at that time.

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          h.  The grant of Rights under the Plan shall in no way affect the
right of OpenTV, Inc. or the Company to adjust, reclassify, reorganize or
otherwise change its capital or business structure or to merge, consolidate,
dissolve, liquidate or sell or transfer all or any part of its business or
assets.

          i.  The Board shall have the discretionary authority, exercisable at
any time while OpenTV, Inc.'s repurchase rights with respect to those shares
remain outstanding, to provide that those rights shall automatically terminate
on an accelerated basis, and the shares of Common Stock subject to those
terminated rights shall immediately vest, in the event the Participant's Service
should subsequently terminate by reason of an Involuntary Termination within a
designated period (not to exceed eighteen (18) months) following, the effective
date of any Corporate Transaction in which those repurchase rights are assigned
to the successor corporation (or parent thereof).

                                 ARTICLE THREE
                                 MISCELLANEOUS

     1.   EFFECTIVE DATE AND TERM OF PLAN

          a.  The Plan shall become effective when adopted by the Board.

          b.  The Plan shall terminate upon the earliest of (i) May 12, 2015,
(ii) the date on which all shares of Common Stock subject to the Plan have been
exchanged for Ordinary Shares or (iii) the termination of all outstanding Rights
in connection with a Corporate Transaction. All Rights and unvested share
issuances outstanding at that time under the Plan shall continue to have full
force and effect in accordance with the provisions of the documents evidencing
such Rights or issuances.

     2.   AMENDMENT OF THE PLAN

          The Board shall have complete and exclusive power and authority to
amend or modify the Plan in any or all respects. However, no such amendment or
modification shall adversely affect the rights and obligations with respect to
Rights or interested share issuances at the time outstanding under the Plan
unless the Participant consents to such amendment or modification. In addition,
certain amendments may require shareholder approval pursuant to applicable laws
and regulations.

     3.   WITHHOLDING

          The Company's obligation to deliver Ordinary Shares upon the exercise
of any Rights issued under the Plan shall be subject to the satisfaction of all
United States and

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foreign applicable federal, state and local income and employment tax
withholding requirements.

     4.   REGULATORY APPROVALS

          The implementation of the Plan, the granting of any Rights under the
Plan and the issuance of any Ordinary Shares upon the exercise of any Right
shall be subject to OpenTV, Inc.'s and the Company's procurement of all
approvals and permits required by regulatory authorities having jurisdiction
over the Plan, the Rights granted under it and the Ordinary Shares issued
pursuant to it.

     5.   NO EMPLOYMENT OR SERVICE RIGHTS

          Nothing in the Plan shall confer upon the Participant any right to
continue in Service for any period of specific duration or interfere with or
otherwise restrict in any way the rights of OpenTV, Inc., the Company or of the
Participant, which rights are hereby expressly reserved by each, to terminate
such person's Service at any time for any reason, with or without cause.

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                                   APPENDIX

          The following definitions shall be in effect under the Plan:

          Board shall mean the Company's Board of Directors.

          Code shall mean the Internal Revenue Code of 1986, as amended.

          Committee shall have the meaning as set forth in Section 3 of Article
One.

          Ordinary Shares shall mean the Company's Class A Ordinary Shares.

          Company shall mean OpenTV Corp., an international business company
organized under the laws of the British Virgin Islands.

          Corporate Transaction shall mean either of the following shareholder-
approved transactions to which either the Company or OpenTV, Inc. is a party:

               (a) a merger or consolidation in which securities possessing more
          than fifty percent (50%) of the total combined voting power of the
          Company's or OpenTV, Inc.'s outstanding securities are transferred to
          a person or persons different from the persons holding those
          securities immediately prior to such transaction, or

               (b) the sale, transfer or other disposition of all or
          substantially all of the Company's or OpenTV, Inc.'s assets in
          complete liquidation or dissolution of the Company or OpenTV, Inc.

          Director means a member of the Board.

          Disability shall mean the inability of the Participant to engage in
any substantial gainful activity by reason of any medically determinable
physical or mental impairment and shall be determined by the Board on the basis
of such medical evidence as the Board deems warranted under the circumstances.

          Employee shall mean an individual who is in the employ of the Company,
OpenTV, Inc. or any direct or indirect subsidiary of OpenTV, Inc. and the
Company, subject to the control and direction of the employer entity as to both
the work to be performed and the manner and method of performance.

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          Exchange Program shall mean the exchange program in effect under the
Plan.

          Involuntary Termination shall mean the termination of the Service of
any individual which occurs by reason of:

               (a)  such individual's involuntary dismissal or discharge by the
          Company, OpenTV, Inc. or any direct or indirect subsidiary of OpenTV,
          Inc. and the Company for reasons other than misconduct,

               (b)  such individual's voluntary resignation following (i) a
          change in his or her position with the Company, OpenTV, Inc. or any
          direct or indirect subsidiary of OpenTV, Inc. and the Company which
          materially reduces his or her level of responsibility, (ii) a
          reduction in his or her level of compensation (including base salary,
          fringe benefits and target bonuses under any corporate-performance
          based bonus or incentive programs) by more than fifteen percent (15%)
          or (iii) a relocation of such individual's place of employment by more
          than fifty (50) miles, provided and only if such change, reduction or
          relocation is effected without the individual's consent, or

               (c)  such other circumstances as the Board may from time to time
          determine.

          Notice of Exchange shall mean the agreement entered into by the
Company and the Participant in connection with issuance of Ordinary Shares under
the Exchange Program.

          Outside Director shall mean a Director who either (i) is not a current
employee of the Company or an "affiliated corporation" (within the meaning of
Treasury regulations promulgated under Section 162(m) of the Code), is not a
former employee of the Company or an "affiliated corporation" receiving
compensation for prior services (other than benefits under a tax qualified
pension plan), was not an officer of the company or an "affiliated corporation"
at any time, and is not currently receiving direct or indirect remuneration from
the Company or an "affiliated corporation" for services in any capacity other
than as a Director, or (ii) is otherwise considered an "outside director" for
purposes of Section 162(m) of the Code.

          Participant shall mean any person to whom a Right is granted under the
Plan, including current and former French employees of OpenTV EURL.

          Plan shall mean the Company's 2000 Exchange Plan as set forth in this
document.

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          Service shall mean the provision of services to OpenTV, Inc., the
Company or any direct or indirect subsidiary of OpenTV, Inc. and the Company by
a person in the capacity of an Employee, a non-employee member of the board of
directors or a consultant or independent advisor, except to the extent otherwise
specifically provided in the documents evidencing the Right grant.

                                       10<PAGE>

                                                                    Exhibit 10.5

                                SYNPLICITY, INC.

                       2000 EMPLOYEE STOCK PURCHASE PLAN
                     (As amended effective August __, 2000)

     The following constitute the provisions of the 2000 Employee Stock Purchase
Plan of Synplicity, Inc.

1.  Purpose.  The purpose of the Plan is to provide employees of the Company and
    -------
its Designated Subsidiaries with an opportunity to purchase Common Stock of the
Company through accumulated payroll deductions.  It is the intention of the
Company to have the Plan qualify as an "Employee Stock Purchase Plan" under
Section 423 of the Internal Revenue Code of 1986, as amended. The provisions of
the Plan, accordingly, shall be construed so as to extend and limit
participation in a manner consistent with the requirements of that section of
the Code.

2.  Definitions.
    -----------

    (a) "Board" shall mean the Board of Directors of the Company or any
         -----
committee thereof designated by the Board of Directors of the Company in
accordance with Section 14 of the Plan.

    (b) "Code" shall mean the Internal Revenue Code of 1986, as amended.
         ----

    (c) "Common Stock" shall mean the common stock of the Company.
         ------------

    (d) "Company" shall mean Synplicity, Inc. and any Designated Subsidiary of
         -------
the Company.

    (e) "Compensation" shall mean all cash compensation reportable on Form W-2,
         ------------
including without limitation base straight time gross earnings, sales
commissions, payments for overtime, shift premiums, incentive compensation,
incentive payments and bonuses, plus any amounts contributed by the Employee to
the Company's 401(k) Plan from compensation paid to the Employee by the Company.

    (f) "Designated Subsidiary" shall mean any Subsidiary that has been
         ---------------------
designated by the Board from time to time in its sole discretion as eligible to
participate in the Plan.

    (g) "Employee" shall mean any individual who is an Employee of the Company
         --------
for tax purposes whose customary employment with the Company is at least thirty
(30) hours per week and more than five (5) months in any calendar year. For
purposes of the Plan, the employment relationship shall be treated as continuing
intact while the individual is on sick leave or other leave of absence approved
by the Company. Where the period of leave exceeds 90 days and the individual's
right to reemployment is not guaranteed either by statute or by contract, the
employment relationship shall be deemed to have terminated on the 91st day of
such leave.

    (h) "Enrollment Date" shall mean the first Trading Day of each Offering
         ---------------
Period.

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    (i) "Exercise Date" shall mean the last Trading Day of each Purchase Period.
         -------------

    (j) "Fair Market Value" shall mean, as of any date, the value of Common
         -----------------
Stock determined as follows:

        (i) If the Common Stock is listed on any established stock exchange or a
national market system, including without limitation the Nasdaq National Market
or The Nasdaq SmallCap Market of The Nasdaq Stock Market, its Fair Market Value
shall be the closing sales price for such stock (or the closing bid, if no sales
were reported) as quoted on such exchange or system for the last market trading
day prior to the date of determination, as reported in The Wall Street Journal
or such other source as the Board deems reliable;

        (ii) If the Common Stock is regularly quoted by a recognized securities
dealer but selling prices are not reported, its Fair Market Value shall be the
mean of the closing bid and asked prices for the Common Stock prior to the date
of determination, as reported in The Wall Street Journal or such other source as
the Board deems reliable;

        (iii) In the absence of an established market for the Common Stock, the
Fair Market Value thereof shall be determined in good faith by the Board; or

        (iv) For purposes of the Enrollment Date of the first Offering Period
under the Plan, the Fair Market Value shall be the initial price to the public
as set forth in the final prospectus included within the registration statement
in Form S-1 filed with the Securities and Exchange Commission for the initial
public offering of the Company's Common Stock (the "Registration Statement").

    (k) "Offering Periods" shall mean the periods of approximately twenty-four
         ----------------
(24) months during which an option granted pursuant to the Plan may be
exercised, commencing on the first Trading Day on or after May 1 and November 1
of each year and terminating on the last Trading Day in the periods ending
twenty-four months later; provided, however, that the first Offering Period
under the Plan shall commence with the first Trading Day on or after the date on
which the Securities and Exchange Commission declares the Company's Registration
Statement effective and ending on the last Trading Day on or before October 31,
2002. The duration and timing of Offering Periods may be changed pursuant to
Section 4 of this Plan.

    (l) "Plan" shall mean this 2000 Employee Stock Purchase Plan.
         ----

    (m) "Purchase Period" shall mean the approximately six month period
         ---------------
commencing after one Exercise Date and ending with the next Exercise Date,
except that the first Purchase Period of any Offering Period shall commence on
the Enrollment Date and end on April 30, 2001 or the last Trading Day
immediately preceding such date.

    (n) "Purchase Price" shall mean 85% of the Fair Market Value of a share of
         --------------
Common Stock on the Enrollment Date or on the Exercise Date, whichever is lower;
provided, however, that the Purchase Price may be adjusted by the Board pursuant
to Section 20.

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    (o) "Reserves" shall mean the number of shares of Common Stock covered by
         --------
each option under the Plan which have not yet been exercised and the number of
shares of Common Stock which have been authorized for issuance under the Plan
but not yet placed under option.

    (p) "Subsidiary" shall mean a corporation, domestic or foreign, of which not
         ----------
less than 50% of the voting shares are held by the Company or a Subsidiary,
whether or not such corporation now exists or is hereafter organized or acquired
by the Company or a Subsidiary.

    (q) "Trading Day" shall mean a day on which national stock exchanges and the
         -----------
Nasdaq System are open for trading.

3.  Eligibility.
    -----------

    (a) Any Employee (as defined in Section 2(g)) who shall be employed by the
Company on a given Enrollment Date shall be eligible to participate in the Plan.

    (b) Any provisions of the Plan to the contrary notwithstanding, no Employee
shall be granted an option under the Plan (i) to the extent that, immediately
after the grant, such Employee (or any other person whose stock would be
attributed to such Employee pursuant to Section 424(d) of the Code) would own
capital stock of the Company and/or hold outstanding options to purchase such
stock possessing five percent (5%) or more of the total combined voting power or
value of all classes of the capital stock of the Company or of any Subsidiary,
(ii) to the extent that his or her rights to purchase stock under all employee
stock purchase plans of the Company and its subsidiaries accrues at a rate which
exceeds Eighteen Thousand Dollars ($18,000) worth of stock (determined at the
fair market value of the shares at the time such option is granted) for each
calendar year in which such option is outstanding at any time or (iii) to the
extent that he or she would have the right to purchase more than 1,500 shares of
the Company's capital stock per Purchase Period.

4.  Offering Periods.  The Plan shall be implemented by consecutive, overlapping
    ----------------
Offering Periods with a new Offering Period commencing on the first Trading Day
on or after May 1 and November 1 each year, or on such other date as the Board
shall determine, and continuing thereafter until terminated in accordance with
Section 20 hereof; provided, however, that the first Offering Period under the
Plan shall commence with the first Trading Day on or after the date on which the
Securities and Exchange Commission declares the Company's Registration Statement
effective and ending on the last Trading Day on or before October 31, 2002.
The Board shall have the power to change the duration of Offering Periods
(including the commencement dates thereof) with respect to future offerings
without shareholder approval if such change is announced at least five (5) days
prior to the scheduled beginning of the first Offering Period to be affected
thereafter.

5.  Participation.
    -------------

    (a) An eligible Employee may become a participant in the Plan by completing
a subscription agreement authorizing payroll deductions in the form of Exhibit A
to this Plan and filing it with the Company's payroll office prior to the
applicable Enrollment Date. All eligible Employees shall be automatically
enrolled in the initial Offering Period under the Plan.

                                      -3-
<PAGE>

    (b) Payroll deductions for a participant shall commence on the first payroll
following the Enrollment Date and shall end on the last payroll in the Offering
Period to which such authorization is applicable, unless sooner terminated by
the participant as provided in Section 10 hereof.

6.  Payroll Deductions.
    ------------------

    (a) At the time a participant files his or her subscription agreement, he or
she shall elect to have payroll deductions made on each pay day during the
Offering Period in an amount not exceeding twelve percent (12%) of the
Compensation which he or she receives on each pay day during the Offering
Period. During the initial Purchase Period, no payroll deduction will be made
unless a participant files a supplemental enrollment form within 15 days after
written notice to participants of the effectiveness of a registration statement
covering the Common Stock and filed under the Securities Act of 1933, as
amended.

    (b) All payroll deductions made for a participant shall be credited to his
or her account under the Plan and shall be withheld in whole percentages only. A
participant may not make any additional payments into such account.

    (c) A participant may discontinue his or her participation in the Plan as
provided in Section 10 hereof, or may increase or decrease the rate of his or
her payroll deductions during the Offering Period by completing or filing with
the Company a new subscription agreement authorizing a change in payroll
deduction rate. The Board may, in its discretion, limit the number of
participation rate changes during any Offering Period, including allowing such
changes only at the beginning of each Purchase Period. The change in rate shall
be effective with the first full payroll period following five (5) business days
after the Company's receipt of the new subscription agreement unless the Company
elects to process a given change in participation more quickly. A participant's
subscription agreement shall remain in effect for successive Offering Periods
unless terminated as provided in Section 10 hereof.

   (d) Notwithstanding the foregoing, to the extent necessary to comply with
Section 423(b)(8) of the Code and Section 3(b) hereof, a participant's payroll
deductions may be decreased to zero percent (0%) at any time during a Purchase
Period. Payroll deductions shall recommence at the rate provided in such
participant's subscription agreement at the beginning of the first Purchase
Period which is scheduled to end in the following calendar year, unless
terminated by the participant as provided in Section 10 hereof.

   (e) At the time the option is exercised, in whole or in part, or at the time
some or all of the Company's Common Stock issued under the Plan is disposed of,
the participant must make adequate provision for the Company's federal, state,
or other tax withholding obligations, if any, which arise upon the exercise of
the option or the disposition of the Common Stock. At any time, the Company may,
but shall not be obligated to, withhold from the participant's compensation the
amount necessary for the Company to meet applicable withholding obligations,
including any withholding required to make available to the Company any tax
deductions or benefits attributable to sale or early disposition of Common Stock
by the Employee.

                                      -4-
<PAGE>

7.  Grant of Option.  On the Enrollment Date of each Offering Period, each
    ---------------
eligible Employee participating in such Offering Period shall be granted an
option to purchase on each Exercise Date during such Offering Period (at the
applicable Purchase Price) up to a number of shares of the Company's Common
Stock determined by dividing such Employee's payroll deductions accumulated
prior to such Exercise Date and retained in the Participant's account as of the
Exercise Date by the applicable Purchase Price; provided that in no event shall
an Employee be permitted to purchase during each Purchase Period more than a
number of shares determined by dividing $9,000 by the Fair Market Value of a
share of the Company's Common Stock (subject to any adjustment pursuant to
Section 19) on the Enrollment Date, and provided further that such purchase
shall be subject to the limitations set forth in Sections 3(b) and 11 hereof.
The Board may, for future Offering Periods, increase or decrease, in its
absolute discretion, the maximum number of shares of the Company's Common Stock
an Employee may purchase during each Purchase Period of such Offering Period.
Exercise of the option shall occur as provided in Section 8 hereof, unless the
participant has withdrawn pursuant to Section 10 hereof.  The option shall
expire on the last day of the Offering Period.

8.  Exercise of Option.
    ------------------

    (a) Unless a participant withdraws from the Plan as provided in Section 10
hereof, his or her option for the purchase of shares shall be exercised
automatically on the Exercise Date, and the maximum number of full shares
subject to option shall be purchased for such participant at the applicable
Purchase Price with the accumulated payroll deductions in his or her account. No
fractional shares shall be purchased; any payroll deductions accumulated in a
participant's account which are not sufficient to purchase a full share shall be
retained in the participant's account for the subsequent Purchase Period or
Offering Period, subject to earlier withdrawal by the participant as provided in
Section 10 hereof. Any other monies left over in a participant's account after
the Exercise Date shall be returned to the participant. During a participant's
lifetime, a participant's option to purchase shares hereunder is exercisable
only by him or her.

    (b) If the Board determines that, on a given Exercise Date, the number of
shares with respect to which options are to be exercised may exceed (i) the
number of shares of Common Stock that were available for sale under the Plan on
the Enrollment Date of the applicable Offering Period, or (ii) the number of
shares available for sale under the Plan on such Exercise Date, the Board may in
its sole discretion (x) provide that the Company shall make a pro rata
allocation of the shares of Common Stock available for purchase on such
Enrollment Date or Exercise Date, as applicable, in as uniform a manner as shall
be practicable and as it shall determine in its sole discretion to be equitable
among all participants exercising options to purchase Common Stock on such
Exercise Date, and continue all Offering Periods then in effect, or (y) provide
that the Company shall make a pro rata allocation of the shares available for
purchase on such Enrollment Date or Exercise Date, as applicable, in as uniform
a manner as shall be practicable and as it shall determine in its sole
discretion to be equitable among all participants exercising options to purchase
Common Stock on such Exercise Date, and terminate any or all Offering Periods
then in effect pursuant to Section 20 hereof. The Company may make pro rata
allocation of the shares available on the Enrollment Date of any applicable
Offering Period pursuant to the preceding sentence, notwithstanding any
authorization of additional shares for issuance under the Plan by the Company's
shareholders subsequent to such Enrollment Date.

                                      -5-
<PAGE>

9.  Delivery.  As promptly as practicable after each Exercise Date on which a
    --------
purchase of shares occurs, the Company shall arrange the delivery to each
participant, as appropriate, of a certificate representing the shares purchased
upon exercise of his or her option.

10.  Withdrawal.
     ----------

     (a) A participant may withdraw all but not less than all the payroll
deductions credited to his or her account and not yet used to exercise his or
her option under the Plan at any time by giving written notice to the Company in
the form of Exhibit B to this Plan; provided, however, that in the initial
Offering Period, participants may be deemed to withdraw from the Plan by
declining or failing to send timely payment for the shares. All of the
participant's payroll deductions credited to his or her account shall be paid to
such participant promptly after receipt of notice of withdrawal and such
participant's option for the Offering Period shall be automatically terminated,
and no further payroll deductions for the purchase of shares shall be made for
such Offering Period. If a participant withdraws from an Offering Period,
payroll deductions shall not resume at the beginning of the succeeding Offering
Period unless the participant delivers to the Company a new subscription
agreement.

     (b) A participant's withdrawal from an Offering Period shall not have
any effect upon his or her eligibility to participate in any similar plan which
may hereafter be adopted by the Company or in succeeding Offering Periods which
commence after the termination of the Offering Period from which the participant
withdraws.

11.  Termination of Employment.
     -------------------------

     Upon a participant's ceasing to be an Employee, for any reason, he or she
shall be deemed to have elected to withdraw from the Plan and the payroll
deductions credited to such participant's account during the Offering Period but
not yet used to exercise the option shall be returned to such participant or, in
the case of his or her death, to the person or persons entitled thereto under
Section 15 hereof, and such participant's option shall be automatically
terminated. The preceding sentence notwithstanding, a participant who receives
payment in lieu of notice of termination of employment shall be treated as
continuing to be an Employee for the participant's customary number of hours per
week of employment during the period in which the participant is subject to such
payment in lieu of notice.

12.  Interest.  No interest shall accrue on the payroll deductions of a
     --------
participant in the Plan.

13.  Stock.
     -----

     (a) Subject to adjustment upon changes in capitalization of the Company as
provided in Section 19 hereof, the maximum number of shares of the Company's
Common Stock which shall be made available for sale under the Plan shall be
1,000,000 shares together with an annual increase to the number of shares
reserved for issuance thereunder on the first day of the Company's fiscal year
beginning in January 1, 2001, equal to the lesser of (i) 1,000,000 shares, (ii)
two percent (2.0%) of the outstanding shares of the Company on the last day of
the prior fiscal year or (iii) such amount as determined by the Board.

                                      -6-
<PAGE>

     (b) The participant shall have no interest or voting right in shares
covered by his option until such option has been exercised.

     (c) Shares to be delivered to a participant under the Plan shall be
registered in the name of the participant or in the name of the participant and
his or her spouse.

14.  Administration.  The Plan shall be administered by the Board or a committee
     --------------
of members of the Board appointed by the Board.  The Board or its committee
shall have full and exclusive discretionary authority to construe, interpret and
apply the terms of the Plan, to determine eligibility and to adjudicate all
disputed claims filed under the Plan.  Every finding, decision and determination
made by the Board or its committee shall, to the full extent permitted by law,
be final and binding upon all parties.

15.  Designation of Beneficiary.
     --------------------------

     (a) A participant may file a written designation of a beneficiary who is to
receive any shares and cash, if any, from the participant's account under the
Plan in the event of such participant's death subsequent to an Exercise Date on
which the option is exercised but prior to delivery to such participant of such
shares and cash. In addition, a participant may file a written designation of a
beneficiary who is to receive any cash from the participant's account under the
Plan in the event of such participant's death prior to exercise of the option.
If a participant is married and the designated beneficiary is not the spouse,
spousal consent shall be required for such designation to be effective.

     (b) Such designation of beneficiary may be changed by the participant at
any time by written notice. In the event of the death of a participant and in
the absence of a beneficiary validly designated under the Plan who is living at
the time of such participant's death, the Company shall deliver such shares
and/or cash to the executor or administrator of the estate of the participant,
or if no such executor or administrator has been appointed (to the knowledge of
the Company), the Company, in its discretion, may deliver such shares and/or
cash to the spouse or to any one or more dependents or relatives of the
participant, or if no spouse, dependent or relative is known to the Company,
then to such other person as the Company may designate.

16.  Transferability.  Neither payroll deductions credited to a participant's
     ---------------
account nor any rights with regard to the exercise of an option or to receive
shares under the Plan may be assigned, transferred, pledged or otherwise
disposed of in any way (other than by will, the laws of descent and distribution
or as provided in Section 15 hereof) by the participant.  Any such attempt at
assignment, transfer, pledge or other disposition shall be without effect,
except that the Company may treat such act as an election to withdraw funds from
an Offering Period in accordance with Section 10 hereof.

17.  Use of Funds.  All payroll deductions received or held by the Company under
     ------------
the Plan may be used by the Company for any corporate purpose, and the Company
shall not be obligated to segregate such payroll deductions.

18.  Reports.  Individual accounts shall be maintained for each participant in
     -------
the Plan.  Statements of account shall be given to participating Employees at
least annually, which statements shall set forth the amounts of payroll
deductions, the Purchase Price, the number of shares purchased and the remaining
cash balance, if any.

                                      -7-
<PAGE>

19.  Adjustments Upon Changes in Capitalization, Dissolution, Liquidation,
     ---------------------------------------------------------------------
Merger or Asset Sale.
--------------------

     a) Changes in Capitalization. Subject to any required action by the
        -------------------------
shareholders of the Company, the Reserves, the maximum number of shares each
participant may purchase each Purchase Period (pursuant to Section 7), as well
as the price per share and the number of shares of Common Stock covered by each
option under the Plan which has not yet been exercised shall be proportionately
adjusted for any increase or decrease in the number of issued shares of Common
Stock resulting from a stock split, reverse stock split, stock dividend,
combination or reclassification of the Common Stock, or any other increase or
decrease in the number of shares of Common Stock effected without receipt of
consideration by the Company; provided, however, that conversion of any
convertible securities of the Company shall not be deemed to have been "effected
without receipt of consideration." Such adjustment shall be made by the Board,
whose determination in that respect shall be final, binding and conclusive.
Except as expressly provided herein, no issuance by the Company of shares of
stock of any class, or securities convertible into shares of stock of any class,
shall affect, and no adjustment by reason thereof shall be made with respect to,
the number or price of shares of Common Stock subject to an option.

     (b) Dissolution or Liquidation. In the event of the proposed dissolution or
         --------------------------
liquidation of the Company, the Offering Period then in progress shall be
shortened by setting a new Exercise Date (the "New Exercise Date"), and shall
terminate immediately prior to the consummation of such proposed dissolution or
liquidation, unless provided otherwise by the Board. The New Exercise Date shall
be before the date of the Company's proposed dissolution or liquidation. The
Board shall notify each participant in writing, at least ten (10) business days
prior to the New Exercise Date, that the Exercise Date for the participant's
option has been changed to the New Exercise Date and that the participant's
option shall be exercised automatically on the New Exercise Date, unless prior
to such date the participant has withdrawn from the Offering Period as provided
in Section 10 hereof.

     (c) Merger or Asset Sale. In the event of a proposed sale of all or
         --------------------
substantially all of the assets of the Company, or the merger of the Company
with or into another corporation, each outstanding option shall be assumed or an
equivalent option substituted by the successor corporation or a Parent or
Subsidiary of the successor corporation. In the event that the successor
corporation refuses to assume or substitute for the option, any Purchase Periods
then in progress shall be shortened by setting a new Exercise Date (the "New
Exercise Date") and any Offering Periods then in progress shall end on the New
Exercise Date. The New Exercise Date shall be before the date of the Company's
proposed sale or merger. The Board shall notify each participant in writing, at
least ten (10) business days prior to the New Exercise Date, that the Exercise
Date for the participant's option has been changed to the New Exercise Date and
that the participant's option shall be exercised automatically on the New
Exercise Date, unless prior to such date the participant has withdrawn from the
Offering Period as provided in Section 10 hereof.

20.  Amendment or Termination.
     ------------------------

     (a) The Board of Directors of the Company may at any time and for any
reason terminate or amend the Plan. Except as provided in Section 19 hereof, no
such termination can affect options previously granted, provided that an
Offering Period may be terminated by the Board

                                      -8-
<PAGE>

of Directors on any Exercise Date if the Board determines that the termination
of the Offering Period or the Plan is in the best interests of the Company and
its shareholders. Except as provided in Section 19 and this Section 20 hereof,
no amendment may make any change in any option theretofore granted which
adversely affects the rights of any participant. To the extent necessary to
comply with Section 423 of the Code (or any successor rule or provision or any
other applicable law, regulation or stock exchange rule), the Company shall
obtain shareholder approval in such a manner and to such a degree as required.

     (b) Without shareholder consent and without regard to whether any
participant rights may be considered to have been "adversely affected," the
Board (or its committee) shall be entitled to change the Offering Periods, limit
the frequency and/or number of changes in the amount withheld during an Offering
Period, establish the exchange ratio applicable to amounts withheld in a
currency other than U.S. dollars, permit payroll withholding in excess of the
amount designated by a participant in order to adjust for delays or mistakes in
the Company's processing of properly completed withholding elections, establish
reasonable waiting and adjustment periods and/or accounting and crediting
procedures to ensure that amounts applied toward the purchase of Common Stock
for each participant properly correspond with amounts withheld from the
participant's Compensation, and establish such other limitations or procedures
as the Board (or its committee) determines in its sole discretion advisable
which are consistent with the Plan.

     (c) In the event the Board determines that the ongoing operation of the
Plan may result in unfavorable financial accounting consequences, the Board may,
in its discretion and, to the extent necessary or desirable, modify or amend the
Plan to reduce or eliminate such accounting consequence including, but not
limited to:

         (i) altering the Purchase Price for any Offering Period including an
Offering Period underway at the time of the change in Purchase Price;

         (ii) shortening any Offering Period so that Offering Period ends on a
new Exercise Date, including an Offering Period underway at the time of the
Board action; and

         (iii) allocating shares.

     Such modifications or amendments shall not require stockholder approval or
the consent of any Plan participants.

21.  Notices.  All notices or other communications by a participant to the
     -------
Company under or in connection with the Plan shall be deemed to have been duly
given when received in the form specified by the Company at the location, or by
the person, designated by the Company for the receipt thereof.

22.  Conditions Upon Issuance of Shares.  Shares shall not be issued with
     ----------------------------------
respect to an option unless the exercise of such option and the issuance and
delivery of such shares pursuant thereto shall comply with all applicable
provisions of law, domestic or foreign, including, without limitation, the
Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as
amended, the rules and regulations promulgated thereunder, and the requirements
of any stock exchange upon which the shares may then be listed, and shall be
further subject to the approval of counsel for the Company with respect to such
compliance.

                                      -9-
<PAGE>

     As a condition to the exercise of an option, the Company may require
the person exercising such option to represent and warrant at the time of any
such exercise that the shares are being purchased only for investment and
without any present intention to sell or distribute such shares if, in the
opinion of counsel for the Company, such a representation is required by any of
the aforementioned applicable provisions of law.

23.  Term of Plan.  The Plan shall become effective upon the earlier to occur of
     ------------
its adoption by the Board of Directors or its approval by the shareholders of
the Company; provided, however, the Plan shall not become effective until the
effective date of the  Company's initial public offering pursuant to a
registration statement filed with the Securities and Exchange Commission.  It
shall continue in effect for a term of ten (10) years unless sooner terminated
under Section 20 hereof.

24.  Automatic Transfer to Low Price Offering Period.  To the extent permitted
     -----------------------------------------------
by any applicable laws, regulations, or stock exchange rules, if the Fair Market
Value of the Common Stock on any Exercise Date in an Offering Period is lower
than the Fair Market Value of the Common Stock on the Enrollment Date of such
Offering Period, then all participants in such Offering Period shall be
automatically withdrawn from such Offering Period immediately after the exercise
of their option on such Exercise Date and automatically re-enrolled in the
immediately following Offering Period as of the first day thereof.

                                      -10-

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