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EXHIBIT 4(c) 

 
 

AMENDMENT TO RIGHTS AGREEMENT    

        Amendment,
dated as of August 12, 2002 (this "Amendment"), between Wells Fargo & Company, a Delaware corporation formerly known as Norwest Corporation (the "Company"), and
Mellon Investor Services LLC (formerly known as ChaseMellon Shareholder Services, L.L.C.), as Rights Agent (the "Rights Agent"). 

        WHEREAS
the Company desires to amend clause (i) of section 7(a) of the Agreement, dated as of October 21, 1998, between the Company and the Rights Agent (the "Rights
Agreement"). 

        WHEREAS
as of the date hereof there is not an Acquiring Person (as defined in the Rights Agreement). 

        NOW,
THEREFORE, in consideration of the premises and mutual agreements contained in the Rights Agreement and in this Amendment, the parties agree as follows: 

	1.
	Clause (i)
of section 7(a) of the Rights Agreement is amended in its entirety to read as follows:

	(i)
	the
Close of Business on August 12, 2002 (the "Final Expiration Date"), 

	2.
	This
Amendment shall constitute an amendment to the Rights Agreement as provided in Section 27 thereof. Except as specifically amended herein, the Rights Agreement remains in
full force and effect.

	3.
	This
Amendment shall be deemed to be a contract made under the laws of the State of Delaware and for all purposes shall be governed by and construed in accordance with the laws of such
state applicable to contracts made and to be performed entirely with such state.

	4.
	This
Amendment may be executed in two or more counterparts, each of which shall be deemed an original, but all of which shall constitute but one instrument. 

        IN
WITNESS WHEREOF, the parties hereto have executed this Amendment as of the day and year first above written. 

	 	 	WELLS FARGO & COMPANY
	

 	
 	

By	

/s/  RICHARD M. KOVACEVICH      
 Richard M. Kovacevich

Chairman, President and Chief Executive Officer
	

 	
 	
MELLON INVESTOR SERVICES LLC
	

 	
 	

By	

/s/  RONALD LUG      
	 	 	 	
 Ronald Lug
	

 	
 	

 	

Its Vice President
	 	 	 	

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Exhibit 10(a)  

 
 

LONG-TERM INCENTIVE COMPENSATION PLAN
  (Includes Amendments Through 4/23/2002)    
  

        1.    Purpose.    The purpose of Wells Fargo & Company's Long-Term Incentive Compensation Plan (the
"Plan") is to motivate key employees to produce a superior return to the stockholders of Wells Fargo & Company by offering them an opportunity to participate in stockholder gains, by
facilitating stock ownership and by rewarding them for achieving a high level of corporate financial performance. The Plan is also intended to facilitate recruiting and retaining talented executives
for key positions by providing an attractive capital accumulation opportunity. 

        2.    Definitions.    

	2.1
	The
following terms, whenever used in this Plan, shall have the meanings set forth below:

	(a)
	"Affiliate"
means any corporation or limited liability company, a majority of the voting stock or membership interests of which is directly or indirectly owned by the Company, and any
partnership or joint venture designated by the Committee in which any such corporation or limited liability company is a partner or joint venturer.

	(b)
	"Award"
means a grant made under this Plan in the form of Performance Shares, Restricted Stock, Restricted Share Rights, Stock Options, Performance Units, Stock Appreciation Rights,
or Stock.

	(c)
	"Board"
means the Board of Directors of the Company.

	(d)
	"Committee"
means a committee selected by the Board and consisting of two or more members of the Board.

	(e)
	"Company"
means Wells Fargo & Company, a Delaware corporation.

	(f)
	"Employee"
means a regular salaried employee (including an officer or director who is also an employee) of the Company or an Affiliate.

	(g)
	"Fair
Market Value" as of any date means the immediately preceding trading day's New York Stock Exchange-only closing price of a share of Stock.

	(h)
	"Incentive
Stock Option" means any Option designated as such and granted in accordance with the requirements of Section 422A of the Internal Revenue Code of 1986, as amended.

	(i)
	"Non-Qualified
Stock Option" means an Option other than an Incentive Stock Option.

	(j)
	"Option"
means a right to purchase Stock.

	(k)
	"Participant"
means a person designated by the Committee to receive an Award under the Plan who is an Employee at the time of such designation.

	(l)
	"Performance
Cycle" means the period of time of not fewer than two years nor more than five years as specified by the Committee over which Performance Shares or Performance Units are
to be earned.

	(m)
	"Performance
Shares" means an Award made pursuant to Section 6 which entitles a Participant to receive Shares, their cash equivalent or a combination thereof based on the
achievement of performance targets during a Performance Cycle.

	(n)
	"Performance
Units" means an Award made pursuant to Section 6 which entitles a Participant to receive cash, Stock or a combination thereof based on the achievement of
performance targets during a Performance Cycle. 

 

	(o)
	"Plan"
means this Long-Term Incentive Compensation Plan, as amended from time to time.

	(p)
	"Restricted
Share Right" means a grant under Section 9 of the right to receive a Share subject to vesting and such other restrictions imposed pursuant to said Section, together
with dividend equivalents with respect to such Share if and as so determined by the Committee.

	(q)
	"Restricted
Stock" means Stock granted under Section 7 that is subject to restrictions imposed pursuant to said Section.

	(r)
	For
all Awards outstanding on November 2, 1998, "Retirement" means retirement which would entitle a Participant to a benefit under Section 6.1 or Section 6.2 of
the Norwest Corporation Pension Plan or under Section 4.1 or Section 4.2 of the Norwest Financial Pension Plan if such plans had remained in effect under their terms as of
November 2, 1998. For all Awards granted subsequent to November 2, 1998, "Retirement" means termination of employment after reaching the earlier of (i) age 55 with 10 completed
years of service, or (ii) 80 points (with one point credited for each completed age year and one point credited for each completed year of service), or (iii) age 65. For purposes
of this definition, a Participant is credited with one year of service after completion of each full 12-month period of employment with the Company or an Affiliate as determined by the
Company or Affiliate.

	(s)
	"Share"
means a share of Stock.

	(t)
	"Stock"
means the common stock, $12/3 par value per share, of the Company.

	(u)
	"Stock
Appreciation Right" means the right to receive a payment in cash or in Stock or a combination thereof in an amount equal to the excess of the Fair Market Value of the Stock at
the time of exercise over the Fair Market Value of the Stock at the time of grant.

	(v)
	"Successor"
means the legal representative of the estate of a deceased Participant or the person or persons who may acquire the right to exercise an Option or to receive Shares
issuable in satisfaction of an Award, by bequest or inheritance.

	(w)
	"Term"
means the period during which an Option or Stock Appreciation Right may be exercised or the period during which the restrictions placed on a Restricted Share Right or
Restricted Stock are in effect. 

        2.2    Gender and Number.    Except when otherwise indicated by context, reference to the masculine gender shall
include, when used, the feminine gender and any term used in the singular shall also include the plural. 

        3.    Administration.    The Plan shall be administered by the Committee. Subject to the provisions of the Plan, the
Committee shall have exclusive power to determine when and to whom Awards will be granted, the form of each Award, the amount of each Award, and any other terms or conditions of each Award. The
Committee's interpretation of the Plan and of any Awards made under the Plan shall be final and binding on all persons with an interest therein. The Committee shall have the authority, subject to the
provisions of the Plan, to establish, adopt and revise rules and regulations relating to the Plan as it may deem necessary or advisable for the administration of the Plan. 

        4.    Shares Available Under the Plan; Limitation on Awards.    The maximum number of Shares that may be issued under
this Plan on and after April 23, 2002, in addition to Shares which prior to April 23, 2002 were subject to Awards, shall not exceed the sum of (i) the number of Shares available
for, but not yet subject to, an Award as of April 23, 2002, plus (ii) 50,000,000 Shares. These Shares may 

2

 

consist, in whole or in part, of authorized but unissued Stock or treasury Stock not reserved for any other purpose. Any Shares subject to the terms and conditions of an Award under this Plan which
are forfeited or not issued because the terms and conditions of the Award are not met or for which payment is not made in Stock and any Shares which are used for full or partial payment of the
purchase price of Shares with respect to which an Option is exercised may again be used for an Award under the Plan. No Employee may be awarded in any calendar year Options or Stock Appreciation
Rights covering an aggregate of more than 7,000,000 Shares. On and after the date referred to in clause (i) above, no more than five percent of the sum of the numbers of Shares described in
clauses (i) and (ii) above shall be issued pursuant to Awards of unrestricted Stock not granted in lieu of salary, cash bonus or other cash compensation, Awards of Performance Shares or
Performance Units earned over a Performance Cycle of less than three years, and Awards of Restricted Stock or Restricted Share Rights having Terms of less than three years at the time of grant. 

        5.    Participation.    Participation in the Plan shall be limited to key Employees of the Company or an Affiliate
selected by the Committee. Participation is entirely at the discretion of the Committee, and is not automatically continued after an initial period of participation. 

        6.    Performance Shares and Performance Units.    An Award of Performance Shares or Performance Units under the Plan
shall entitle the Participant to future payments or Shares or a combination thereof based upon the achievement of pre-established performance targets. 

        6.1    Amount of Award.    The Committee shall establish a maximum amount of a Participant's Award, which amount shall
be denominated in Shares in the case of Performance Shares or in dollars in the case of Performance Units. 

        6.2    Communication of Award.    Written notice of the maximum amount of a Participant's Award and the Performance
Cycle determined by the Committee shall be given to a Participant as soon as practicable after approval of the Award by the Committee. 

        6.3    Amount of Award Payable.    The Committee shall establish maximum and minimum performance targets to be
achieved during the applicable Performance Cycle. Performance targets established by the Committee shall relate to corporate, group, unit or individual performance and may be established in terms of
earnings, growth in earnings, ratios of earnings to equity or assets, or such other measures or standards determined by the Committee. Multiple performance targets may be used and the components of
multiple performance targets may be given the same or different weighting in determining the amount of an Award earned, and may relate to absolute performance or relative performance measured against
other groups, units, individuals or entities. Achievement of the maximum performance target shall entitle the Participant to payment (subject to Section 6.5) at the full or maximum amount
specified with respect to the Award; provided, however, that notwithstanding any other provisions of this Plan, in the case of an Award of Performance Shares the Committee in its discretion may
establish an upper limit on the amount payable (whether in cash or Stock) as a result of the achievement of the maximum performance target. The Committee may also establish that a portion of a full or
maximum amount of a Participant's Award will be paid (subject to Section 6.5) for performance which exceeds the minimum performance target but falls below the maximum performance target
applicable to such Award. 

        6.4    Adjustments.    At any time prior to payment of a Performance Share or Performance Unit Award, the Committee
may adjust previously established performance targets or other terms and conditions to reflect events such as changes in law, regulation, or accounting practice, or mergers, acquisitions or
divestitures. 

        6.5    Payment of Awards.    Following the conclusion of each Performance Cycle, the Committee shall determine the
extent to which performance targets have been attained, and the 

3

 

satisfaction of any other terms and conditions with respect to an Award relating to such Performance Cycle. The Committee shall determine what, if any, payment is due with respect to an Award and
whether such payment shall be made in cash, Stock or some combination. Payment shall be made in a
lump sum or installments, as determined by the Committee, commencing as promptly as practicable following the end of the applicable Performance Cycle, subject to such terms and conditions and in such
form as may be prescribed by the Committee. Payment in Stock may be in Restricted Stock or Restricted Share Rights. 

        6.6    Termination of Employment.    If a Participant ceases to be an Employee before the end of a Performance Cycle
by reason of his death, permanent disability or Retirement, the Performance Cycle for such Participant for the purpose of determining the amount of Award payable shall end at the end of the calendar
quarter immediately preceding the date on which such Participant ceased to be an Employee. The amount of an Award payable to a Participant to whom the preceding sentence is applicable shall be paid at
the end of the Performance Cycle and shall be that fraction of the Award computed pursuant to the preceding sentence the numerator of which is the number of calendar quarters during the Performance
Cycle during all of which said Participant was an Employee and the denominator of which is the number of full calendar quarters in the Performance Cycle. Upon any other termination of employment of a
Participant during a Performance Cycle, participation in the Plan shall cease and all outstanding Awards of Performance Shares or Performance Units to such Participant shall be cancelled. 

        7.    Restricted Stock Awards.    An Award of Restricted Stock under the Plan shall consist of Shares subject to
restrictions on transfer, conditions of forfeiture, and such other terms and conditions as the Committee shall determine. 

        7.1    Award Terms.    An Award of Restricted Stock shall be subject to such terms, conditions and restrictions as the
Committee shall determine, subject to the provisions of this Plan, including the following: 

        (a)    Restrictions.    A statement of the terms, conditions, and restrictions to which the Restricted Stock awarded
is subject, including, without limitation, terms requiring forfeiture and imposing restriction on transfer for such Term or Terms as shall be determined by the Committee subject to the provisions of
this Plan. The Committee shall have the authority to permit in its discretion an acceleration of the expiration of the applicable Term with respect to any part or all of the Restricted Stock awarded
to a Participant in connection with severance arrangements or changes in law, regulation or accounting practice. 

        (b)    Lapse of Restrictions.    A statement of the terms and any other conditions upon which any restrictions upon
Restricted Stock awarded shall lapse, as determined by the Committee subject to the provisions of this Plan. Upon the lapse of the restrictions, Shares free of restrictive legend, if any, shall be
issued to the Participant or his Successor. 

        7.2    Term.    Subject to acceleration of the expiration of the Term as provided in or permitted by this Plan, the
minimum Term for Restricted Stock shall be three years unless the lapse of restrictions is conditioned on the achievement of one or more pre-established performance targets, in which case
the
minimum Term shall be not less than one year, or the Restricted Stock is granted in lieu of salary, cash bonus or other cash compensation, in which case there may be no minimum Term. 

        7.3    Nontransferability.    Restricted Stock awarded, and the right to vote such Restricted Stock and to receive
dividends thereon, may not be sold, assigned, transferred, exchanged, pledged, or otherwise encumbered, during the Term applicable to the Award. A Participant with a Restricted Stock Award shall have
all the other rights of a stockholder including, but not limited to, the right to receive dividends and the right to vote the Shares. 

4

 

        7.4    Termination of Employment.    If a Participant ceases to be an Employee prior to the lapse of restrictions by
reason of his death, permanent disability or Retirement, all restrictions on Shares of Restricted Stock held for his benefit shall immediately lapse. Upon any other termination of employment prior to
the lapse of restrictions, participation in the Plan shall cease and all Shares of Restricted Stock held for the benefit of a Participant shall be forfeited by the Participant. 

        7.5    Certificates.    Each certificate issued in respect to an Award of Restricted Stock shall be deposited with the
Company or its designee and may, at the election of the Committee, bear the following legend: 

"This
certificate and the shares of stock represented hereby are subject to the terms and conditions (including forfeiture provisions and restrictions against transfer) contained in the
Long-Term Incentive Compensation Plan and the Restricted Stock Award. Release from such terms and conditions shall obtain only in accordance with the provisions of the Plan and the Award,
a copy of each of which is on file in the office of the Secretary of Wells Fargo & Company." 

        8.    Stock Awards.    Awards of Stock without restrictions may be made according to terms and conditions established
by the Committee. 

        9.    Restricted Share Rights.    An Award of Restricted Share Rights shall be subject to such terms, conditions and
restrictions as the Committee shall determine, subject to the provisions of this Plan, including the following: 

        9.1    Number and Dividend Equivalents.    The number of Restricted Share Rights subject to the Award and whether the
Award includes dividend equivalents. If the Award includes dividend equivalents, an amount equal to the dividends that would have been paid if the Restricted Share Rights had been issued and
outstanding Shares as of the record date for the dividends shall be paid to the Participant in cash subject to applicable withholding taxes. 

        9.2    Restrictions.    The terms, conditions and restrictions to which the Award is subject, including, without
limitation, terms requiring forfeiture and imposing restriction on transfer for such Term or Terms as shall be determined by the Committee subject to the provisions of this Plan. The Committee shall
have the authority to permit in its discretion an acceleration of the expiration of the applicable Term with respect to any part or all of the Restricted Share Rights awarded to a Participant in
connection with severance arrangements or changes in law, regulation or accounting practice. 

        9.3    Term.    Subject to acceleration of the expiration of the Term as provided in or permitted by this Plan, the
minimum Term for Restricted Share Rights shall be three years unless the lapse of restrictions is conditioned on the achievement of one or more pre-established performance targets, in
which case the minimum Term shall be not less than one year, or the Restricted Share Rights are granted in lieu of salary, cash bonus or other cash compensation, in which case there may be no minimum
Term. 

        9.4    Lapse of Restrictions; Vesting.    Upon the lapse of the restrictions, the Restricted Share Rights shall vest
and Shares shall be issued to the Participant in accordance with the terms of the Award as determined by the Committee. Shares subject to Restricted Share Rights shall have no voting rights until
issued. 

        9.5    Nontransferability.    Restricted Share Rights, including, if applicable, the right to receive dividend
equivalents thereon, may not be sold, assigned, transferred, exchanged, pledged or otherwise encumbered during the Term applicable to the Award. The Participant may, by completing and signing a
written beneficiary designation form which is delivered to and accepted by the Company, designate a beneficiary to receive payment of any outstanding Restricted Share 

5

 

Rights upon the Participant's death. If at the time of the Participant's death there is not on file a fully effective beneficiary designation form, or if the designated beneficiary did not
survive the Participant, the legal representative of the Participant's estate shall have the right to receive payment. 

        9.6    Termination of Employment.    

        (a)    Due to Death, Disability, or Retirement.    If a Participant ceases to be an Employee by reason of the
Participant's death, permanent disability or Retirement, all restrictions on the Restricted Share Rights of the Participant shall lapse in accordance with the terms of the Award as determined by the
Committee. 

        (b)    Due to Reasons Other Than Death, Disability, or Retirement.    If a Participant ceases to be an Employee for
any reason other than death, permanent disability or Retirement, all Restricted Share Rights of the Participant and all rights to receive dividend equivalents thereon shall immediately terminate
without notice of any kind and shall be forfeited by the Participant. 

        10.    Stock Options.    

        10.1    Award Terms.    An Award of an Option shall be subject to such terms, conditions and restrictions as the
Committee shall determine, subject to the provisions of this Plan, including the following: 

        (a)    Type of Option; Number of Shares.    A statement identifying the Option represented thereby as an Incentive
Stock Option or Non-Qualified Stock Option, as the case may be, and the number of Shares to which the Option applies. 

        (b)    Option Price.    A statement of the purchase price of the Stock subject to Option which shall not be less than
the Fair Market Value, and in any event not less than the par value, of the Stock on the date the Option is granted. 

        (c)    Exercise Term.    A statement of the Term of each Option granted as established by the Committee, provided that
no Option shall be exercisable after ten years from the date of grant. The Committee shall have the authority to permit an acceleration of previously established Terms, at its discretion. 

        (d)    Payment for Shares.    A statement that the purchase price of the Shares with respect to which an Option is
exercised shall be payable at the time of exercise in accordance with procedures established by the Company. The purchase price may be payable in cash, in Stock having a Fair Market Value on the date
the Option is exercised equal to the Option price of the Stock being purchased pursuant to the Option, or a combination thereof, as the Committee shall determine. The Committee may, either at the time
the Option is granted or any time before it is exercised, subject to such limitations as the Committee may determine, authorize payment of the purchase price of the Option by delivery to the Company
of irrevocable instructions to a broker, or some other communication acceptable to the Company, requiring prompt delivery to the Company of the amount of sale proceeds to pay the Option purchase price
and all applicable withholding taxes resulting from such exercise. 

        (e)    Nontransferability.    An Option is not transferable other than by will, the laws of descent and distribution
or by the Participant designating a beneficiary in accordance with this Section 10.1(e). During the lifetime of the Participant, Options may be exercised only by the Participant or by the
Participant's legal representative. The Participant may, by completing and signing a written beneficiary designation form which is delivered to and accepted by the Company, designate a beneficiary to
exercise and receive any outstanding Options (and all outstanding Stock Appreciation Rights granted in conjunction with Options) upon the 

6

 

Participant's death. If at the time of the Participant's death there is not on file a fully effective beneficiary designation form, or if the designated beneficiary did not survive the
Participant, the legal representative of the Participant's estate shall have the right to exercise the Option. 

        (f)    Incentive Stock Options.    In the case of an Incentive Stock Option, each Option shall be subject to any
terms, conditions and provisions as the Committee determines necessary or desirable in order to qualify the Option as an Incentive Stock Option (within the meaning of Section 422A of the
Internal Revenue Code of 1986, or any amendment or regulation pertaining to it) or any other law or regulation providing special tax treatment for stock options and related stock. Provided, however,
that the aggregate Fair Market Value (as determined at the effective date of the grant) of the Stock with respect to which Incentive Stock Options are exercisable for the first time by the Participant
during any calendar year shall not exceed $100,000. 

        10.2    Termination of Employment Due to Death, Disability, or Retirement.    

	(a)
	If
a Participant ceases to be an Employee by reason of his death, permanent disability or Retirement, each outstanding Option shall become exercisable to the extent and for such
period or periods determined by the Committee but not beyond the expiration date of said Option. If a Participant dies before exercising all outstanding Options, the outstanding Options shall be
exercisable by the Participant's beneficiary determined in accordance with Section 10.1(e).

	(b)
	If
a Participant ceases to be an Employee by reason of his death, permanent disability or Retirement, each outstanding Stock Appreciation Right granted in conjunction with an Option
shall become exercisable to the extent and for such period or periods determined by the Committee but not beyond the expiration date of said Stock Appreciation Right. If a Participant dies before
exercising all outstanding Stock Appreciation Rights granted in conjunction with Options, said outstanding Stock Appreciation Rights shall be exercisable by the Participant's beneficiary determined in
accordance with Section 10.1(e). 

        10.3    Termination of Employment for Reasons Other Than Death, Disability, or Retirement.    Except as otherwise
determined by the Committee, in the event a Participant ceases to be an Employee for any reason other than his death, permanent disability or Retirement, all rights of the Participant under this Plan
shall immediately terminate without notice of any kind. 

        11.    Stock Appreciation Rights.    An Award of a Stock Appreciation Right shall entitle the Participant, subject to
terms and conditions determined by the Committee, to receive upon exercise of the right all or a portion of the excess of (i) the Fair Market Value of a specified number of Shares at the time
of exercise over (ii) a specified price which shall not be less than 100% of the Fair Market Value of the Shares at the time of grant. Stock Appreciation Rights may be granted in connection
with a previously or contemporaneously granted Option, or independent of any Option. If issued in connection with an Option, the Committee may impose a condition that exercise of a Stock Appreciation
Right cancels the Option with which it is connected. A Stock Appreciation Right may not be exercised at any time when
the Fair Market Value of the Shares of Stock to which it relates does not exceed the exercise price of the Option associated with those Shares. 

        11.1    Term.    An Award of a Stock Appreciation Right shall include a statement of the Term within which the Stock
Appreciation Right may be exercised subject to terms and conditions prescribed by the Committee, provided that no Stock Appreciation Right shall be exercisable after ten years from the date of grant.
The Committee shall have the authority to permit an acceleration of previously established exercise Terms. 

7

 

        11.2    Termination of Employment Due to Death, Disability, or Retirement.    If a Participant ceases to be an
Employee by reason of his death, permanent disability or Retirement, each Stock Appreciation Right then outstanding which was granted independent of any Option shall become exercisable to the extent
and for such period or periods determined by the Committee but not beyond the expiration date of said Stock Appreciation Right. 

        11.3    Termination of Employment for Reasons Other Than Death, Disability, or Retirement.    Except as otherwise
determined by the Committee, in the event a Participant ceases to be an Employee for any reason other than his death, permanent disability or Retirement, all rights of the Participant under this Plan
shall immediately terminate without notice of any kind. 

        11.4    Payment.    Upon exercise of a Stock Appreciation Right, payment shall be made in the form of cash or Stock or
some combination thereof as determined by the Committee. However, notwithstanding any other provisions of this Plan, in no event may the payment (whether in cash or Stock) upon exercise of a Stock
Appreciation Right exceed an amount equal to 100% of the Fair Market Value of the Shares at the time of grant. 

        12.    Nontransferability of Rights.    Except as otherwise set forth in this Plan, no rights under any Award will be
transferable other than by will or the laws of descent and distribution, and the rights and the benefits of any Award may be exercised and received during the lifetime of the Participant only by the
Participant or by the Participant's legal representative. 

        13.    Termination of Employment.    

	13.1
	Transfers
of employment between the Company and an Affiliate, or between Affiliates, will not constitute termination of employment for purposes of any Award.

	13.2
	The
Committee may specify whether any authorized leave of absence or absence for military or government service or for any other reasons will constitute a termination of employment
for purposes of the Award and the Plan. 

        14.    Reorganization.    If substantially all of the assets of the Company are acquired by another corporation or in
case of a reorganization of the Company involving the acquisition of the Company by another entity, then as to each Participant who is an Employee immediately prior to the consummation of the
transaction: 

	(a)
	All
outstanding Options and Stock Appreciation Rights shall become exercisable immediately prior to the consummation of the transaction.

	(b)
	All
restrictions with respect to Restricted Stock and Restricted Share Rights shall lapse immediately prior to the consummation of the transaction, and Shares free of restrictive
legend shall be delivered to the Participant.

	(c)
	All
Performance Cycles for the purpose of determining the amounts of Awards of Performance Shares and Performance Units payable shall end at the end of the calendar quarter
immediately preceding the consummation of the transaction. The amount of an Award payable shall be that fraction of the Award computed pursuant to the preceding sentence the numerator of which is the
number of calendar quarters completed in the Performance Cycle through the end of the calendar quarter immediately preceding the consummation of the transaction and the denominator of which is the
number of full calendar quarters in the Performance Cycle. The amount of an Award payable shall be paid within sixty days after consummation of the transaction. 

        The
Committee shall take such action as in their discretion may be necessary or advisable to carry out the provisions of this Section. 

8

 

        15.    Board Changes.    On the date that a majority of the Board shall be persons other than persons (a) for
whose election proxies shall have been solicited by the Board or (b) who are then serving as directors appointed by the Board to fill vacancies on the Board caused by death or resignation (but
not by removal) or to fill newly-created directorships, then as to any Participant who is an Employee immediately prior to said date and who ceases to be an Employee within six months after said date
for any reason other than as a result of death, permanent disability or Retirement: 

	(i)
	All
outstanding Options and Stock Appreciation Rights shall become immediately exercisable and may be exercised at any time within six months after the
Participant ceases to be an Employee.

	(ii)
	All
restrictions with respect to Restricted Stock and Restricted Share Rights shall lapse and Shares free of restrictive legend shall be delivered to
the Participant.

	(iii)
	All
Performance Cycles for the purpose of determining the amounts of Awards of Performance Shares and Performance Units payable shall end at the end of
the calendar quarter immediately preceding the date on which said Participant ceased to be an Employee. The amount of an Award payable to said Participant shall be that fraction of the Award computed
pursuant to the preceding sentence the numerator of which is the number of calendar quarters during the Performance Cycle during all of which said Participant was an Employee and the denominator of
which is the number of full calendar quarters in the Performance Cycle. The amount of an Award payable shall be paid within sixty days after said Participant ceases to be an Employee. 

The
Committee shall take such action as in their discretion may be necessary or advisable to carry out the provisions of this Section. 

        16.    Effective Date of the Plan.    

        16.1    Effective Date.    The Plan shall become effective as of September 25, 1984 upon the approval and
ratification of the Plan by the affirmative vote of the holders of a majority of the outstanding Shares of Stock present or represented and entitled to vote in person or by proxy at a meeting of the
stockholders of the Company. 

        16.2    Duration of the Plan.    The Plan shall remain in effect until all Stock subject to it shall be distributed,
until the Term of all Options or Stock Appreciation Rights granted under this Plan shall expire, until all restrictions on Restricted Stock or Restricted Share Rights granted under this Plan shall
lapse, or until the Performance Cycle for any Performance Shares or Performance Units awarded under this Plan shall end. 

        17.    Right to Terminate Employment.    Nothing in the Plan shall confer upon any Participant the right to continue
in the employment of the Company or any Affiliate or affect any right which the Company or any Affiliate may have to terminate employment of the Participant. 

        18.    Withholding Taxes.    The Company and its Affiliates shall have the right to deduct from all payments under
this Plan, whether in cash or in Stock, an amount necessary to satisfy any federal, state or local withholding tax requirements. 

        19.    Deferral of Payments.    The Committee may, from time to time, establish rules and conditions under which a
Participant may defer the payment of Awards. 

        20.    Amendment, Modification and Termination of the Plan.    The Board or Committee may at any time terminate,
suspend or modify the Plan, except that the Board or Committee will not, without authorization of the stockholders of the Company, effect any change (other than through adjustment for changes in
capitalization as provided in Section 21) which will: 

	(a)
	Increase
the total amount of Stock which may be awarded under the Plan. 

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	(b)
	Change
the class of Employees eligible to participate in the Plan.

	(c)
	Withdraw
the administration of the Plan from the Committee.

	(d)
	Permit
any person, while a member of the Committee, to be eligible to participate in the Plan.

	(e)
	Extend
the duration of the Plan. 

No
termination, suspension, or modification of the Plan will adversely affect any right acquired by any Participant or any Successor under an Award granted before the date of termination, suspension,
or modification, unless otherwise agreed to by the Participant; but it will be conclusively presumed that any adjustment for changes in capitalization provided for in Section 21 does not
adversely affect any right. 

        21.    Adjustment for Changes in Capitalization.    Any change in the number of outstanding Shares occurring through
Stock splits, reverse Stock splits, or Stock dividends after the grant of an Award will be reflected proportionately in the aggregate number of Shares then available for Awards and in the number of
Shares subject to Awards then outstanding; and a proportionate change will be made in the
per share Option price as to any outstanding Options. Any fractional Shares resulting from adjustments will be rounded to the nearest whole Share. 

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QuickLinks

LONG-TERM INCENTIVE COMPENSATION PLAN (Includes Amendments Through 4/23/2002)

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