Document:

Exhibit 10EE

                                  GPU COMPANIES

                     SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN

                       (as amended through August 9, 2000)

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                                  GPU COMPANIES

                    SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN

                                     -----

1.    Purpose

      This  document  sets  forth  the  GPU  Companies   Supplemental  Executive
Retirement Plan, as amended effective August 9, 2000.

      The purpose of the Plan is to provide certain senior executives of the GPU
Companies with a supplemental  pension  benefit to the extent  necessary for the
executives'  total annual  retirement  income from all pension  sources to be at
least equal to the executive's Target Pension Amount, as defined herein.

      The  Plan  is  intended  to   constitute  an  unfunded  plan  of  deferred
compensation for "a select group of management or highly compensated  employees"
within the meaning of Sections  201(2),  301(a)(3) and 401(a)(1) of the Employee
Retirement Income Security Act of 1974, as amended ("ERISA").

      Each  Company has  adopted  this Plan as its own plan.  Accordingly,  each
Company  shall be obligated  hereunder  only with respect to amounts  payable to
Participants  who are its own  employees;  and the right to  receive  any amount
payable  hereunder with respect to any  Participant  shall be  enforceable  only
against the Company with which such Participant is or was last employed.

2.    Definitions

      As used herein, the following terms shall have the following meanings:

      "Change in Control" shall mean the occurrence  during the term of the Plan
of:

      (1) An acquisition (other than directly from GPU, Inc. (the "Corporation")
of any  common  stock  of the  Corporation  ("Common  Stock")  or  other  voting
securities  of the  Corporation  entitled to vote  generally for the election of
directors (the "Voting  Securities") by any "Person" (as the term person is used
for purposes of Section 13(d) or 14(d) of the  Securities  Exchange Act of 1934,
as amended  (the  "Exchange  Act")),  immediately  after  which such  Person has
"Beneficial  Ownership"  (within the meaning of Rule 13d-3 promulgated under the
Exchange Act) of twenty

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percent  (20%) or more of the then  outstanding  shares of  Common  Stock or the
combined voting power of the Corporation's  then outstanding  Voting Securities;
provided,  however,  in  determining  whether a Change in Control has  occurred,
Voting  Securities  which  are  acquired  in  a  "Non-Control  Acquisition"  (as
hereinafter  defined) shall not  constitute an  acquisition  which would cause a
Change in Control. A "Non-Control  Acquisition" shall mean an acquisition by (A)
an employee  benefit plan (or a trust forming a part thereof)  maintained by (i)
the  Corporation or (ii) any  corporation or other Person of which a majority of
its voting power or its voting equity  securities  or equity  interest is owned,
directly or indirectly,  by the Corporation (for purposes of this definition,  a
"Subsidiary"),  (B) the  Corporation or its  Subsidiaries,  or (C) any Person in
connection with a "Non-Control Transaction" (as hereinafter defined);

      (2) The individuals who, as of August 1, 1996, are members of the board of
directors of the Corporation  (the "Incumbent  Board"),  cease for any reason to
constitute  at least  seventy  percent  (70%)  of the  members  of the  board of
directors  of the  Corporation;  provided,  however,  that if the  election,  or
nomination for election by the Corporation's  shareholders,  of any new director
was approved by a vote of at least two-thirds of the Incumbent  Board,  such new
director  shall,  for purposes of this Plan,  be  considered  as a member of the
Incumbent  Board;  provided  further,  however,  that  no  individual  shall  be
considered a member of the Incumbent Board if such individual  initially assumed
office as a result of either an  actual or  threatened  "Election  Contest"  (as
described in Rule 14a-11  promulgated under the Exchange Act) or other actual or
threatened solicitation of proxies or consents by or on behalf of a Person other
than the board of directors of the Corporation (a "Proxy Contest")  including by
reason of any  agreement  intended  to avoid or settle any  Election  Contest or
Proxy Contest; or

       (3)  The consummation of:

                  (A) A merger, consolidation or reorganization with or into the
            Corporation or in which  securities of the  Corporation  are issued,
            unless  such   merger,   consolidation   or   reorganization   is  a
            "Non-Control  Transaction." A "Non-Control Transaction" shall mean a
            merger, consolidation or reorganization with or into the Corporation
            or in which securities of the Corporation are issued where:

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                        (i) the  shareholders  of the  Corporation,  immediately
                  before  such  merger,  consolidation  or  reorganization,  own
                  directly or  indirectly  immediately  following  such  merger,
                  consolidation or reorganization,  at least sixty percent (60%)
                  of  the  combined  voting  power  of  the  outstanding  voting
                  securities of the  corporation  resulting  from such merger or
                  consolidation or reorganization (the "Surviving  Corporation")
                  in substantially the same proportion as their ownership of the
                  Voting    Securities    immediately    before   such   merger,
                  consolidation or reorganization,

                        (ii) the  individuals  who were members of the Incumbent
                  Board  immediately  prior to the  execution  of the  agreement
                  providing  for such merger,  consolidation  or  reorganization
                  constitute  at least  seventy  percent (70%) of the members of
                  the board of  directors  of the  Surviving  Corporation,  or a
                  corporation,  directly or  indirectly,  beneficially  owning a
                  majority   of  the   Voting   Securities   of  the   Surviving
                  Corporation, and

                        (iii) no Person other than (w) the Corporation,  (x) any
                  Subsidiary,  (y) any  employee  benefit  plan  (or  any  trust
                  forming  a part  thereof)  that,  immediately  prior  to  such
                  merger, consolidation or reorganization, was maintained by the
                  Corporation  or  any  Subsidiary,   or  (z)  any  Person  who,
                  immediately   prior   to   such   merger,   consolidation   or
                  reorganization  had  Beneficial  Ownership  of twenty  percent
                  (20%) or more of the then  outstanding  Voting  Securities  or
                  common stock of the Corporation,  has Beneficial  Ownership of
                  twenty  percent (20%) or more of the combined  voting power of
                  the Surviving Corporation's then outstanding voting securities
                  or its common stock.

                  (B)   A complete liquidation or dissolution of the
            Corporation; or

                  (C) The sale or other  disposition of all or substantially all
            of  the  assets  of the  Corporation  to any  Person  (other  than a
            transfer to a Subsidiary).

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      Notwithstanding the foregoing,  a Change in Control shall not be deemed to
occur  solely  because any Person (the  "Subject  Person")  acquired  Beneficial
Ownership of more than the permitted amount of the then outstanding Common Stock
or Voting  Securities as a result of the  acquisition  of Common Stock or Voting
Securities by the Corporation  which, by reducing the number of shares of Common
Stock or Voting Securities then outstanding,  increases the proportional  number
of shares  Beneficially Owned by the Subject Persons,  provided that if a Change
in Control would occur (but for the  operation of this  sentence) as a result of
the  acquisition  of  shares  of  Common  Stock  or  Voting  Securities  by  the
Corporation,  and after such share  acquisition by the Corporation,  the Subject
Person becomes the Beneficial Owner of any additional  shares of Common Stock or
Voting Securities which increases the percentage of the then outstanding  shares
of Common Stock or Voting Securities  Beneficially  Owned by the Subject Person,
then a Change in Control shall occur.

      "Committee"   shall  mean  the  Personnel,   Compensation  and  Nominating
Committee of the Board of Directors of GPU, Inc.

      "Company" shall mean GPU Service, Inc., GPU Nuclear, Inc. and any other
direct or indirect subsidiary of GPU, Inc. that has adopted this Plan.  When
used in reference to a Participant, the term "Company" shall mean the Company
with which such Participant is or was last employed unless the context
otherwise requires.

      "GPU Companies" shall mean GPU, Inc. and each of its direct and
indirect subsidiaries.

      "Incentive  Compensation Plan" shall mean the Incentive  Compensation Plan
for Elected Officers maintained by any of the GPU Companies.

      "Normal Retirement Date" shall mean, with respect to any Participant,  the
Participant's  Normal  Retirement Date as determined for purposes of the Pension
Plan under Section 3.1 thereof.

      "Other  Retirement Plan" shall mean, with respect to any Participant,  (i)
any defined  benefit  pension  plan,  whether or not tax  qualified,  (including
without  limitation any such plan that is a "cash  balance" plan)  maintained by
any employer other than one of the GPU Companies with which the  Participant was
employed  at any time prior to his or her  Retirement,  and (ii) any  individual
contract  between the Participant  and any of the GPU Companies,  or between the
Participant and any such other employer, under which the Participant is entitled
to receive,  upon his or her retirement or other  termination  of employment,  a
benefit that is defined as, or as the actuarial equivalent of, a

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fixed amount of annual income payable for the Participant's  lifetime.  The term
"Other  Retirement  Plan"  shall  also  include  the  Energy  Initiatives,  Inc.
Retirement  Plan  (the "EII  Plan"),  in the case of any  Participant  who was a
participant  in the EII Plan and  received a  distribution  with  respect to his
account balance in that plan upon its termination.

      "Participant"  shall mean any individual who has been elected to an office
with a Company that is specified in Section 3.

      "Payment  Starting  Date"  shall  mean the date as of which  payment  of a
Participant's  Supplemental  Pension  Benefit is to be made,  or is to commence,
pursuant to the provisions of Section 4(d) hereof.

      "Pension Plan" shall mean the GPU Companies Employee Pension Plan.

      "Plan" refers to the GPU Companies  Supplemental Executive Retirement Plan
as set forth in this  document and as it may be amended from time to time in the
future.

      "Retirement" shall mean, with respect to any Participant,  the termination
of the Participant's  employment with all of the GPU Companies at any time after
July 1, 1999, for any reason other than death,  if (but only if) (i) at the time
of such  termination the Participant has attained age 62, or (ii) at the time of
such  termination the Participant has attained age 55 and has completed at least
15 Years of Service,  or (iii) such termination of the Participant's  employment
occurs upon, or at any time after,  the  occurrence of a Change in Control.  For
purposes  of  clause  (iii)  of  the  preceding  sentence,  if  a  Participant's
employment  is  terminated  by the Company for any reason (1) within twelve (12)
months  prior to a Change  in  Control,  or (2) any time  prior to the date of a
Change  in  Control  but  the  Participant  reasonably  demonstrates  that  such
termination  (A) was at the  request  of a third  party  who  has  indicated  an
intention or taken steps reasonably calculated to effect a Change in Control and
who effectuates a Change in Control or (B) otherwise  arose in connection  with,
or in  anticipation  of, a Change  in  Control  which  has  been  threatened  or
proposed,  such  termination  shall be deemed to have occurred after a Change in
Control, provided a Change in Control shall actually have occurred.

      "Supplemental  and Excess  Benefits  Plan"  shall  mean the GPU  Companies
Supplemental and Excess Benefits Plan.

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      "Years of Service" shall mean, with respect to any Participant, the sum of
(a) his years of  "Creditable  Service"  as  determined  under  Section 5 of the
Pension Plan without  taking into account any  additional  years of  "Creditable
Service"  otherwise credited to the Participant under Section 5.9 of the Pension
Plan,  plus (b) the  number of  additional  years of  "Creditable  Service",  so
determined,  that would have been credited to the Participant  under the Pension
Plan if he had  commenced  participation  in the Pension  Plan as of the date on
which his  employment  with any of the GPU  Companies  commenced,  plus (c) such
number of  additional  years of service,  if any, as provided in any  individual
contract of employment between the Participant and any of the GPU Companies that
has  been  approved  by  the  Committee.   Notwithstanding   the  foregoing,   a
Participant's Years of Service shall not include any period of the Participant's
employment  with any of the GPU  Companies  after the date as of which he or she
has ceased to hold any corporate office specified in Section 3 hereof.

3.    Eligibility

      Any person who is elected to serve in one of the corporate  offices listed
below shall become  eligible for  participation  in the Plan effective as of the
later of July 1, 1999 or the date as of which his or her election to such office
becomes effective.

              Company                           Officer

            GPU Service, Inc.           Chief Executive Officer
                                        Each Executive Vice President
                                        President of Operations
                                        Division
                                        President of Fossil Generation

            GPU Nuclear, Inc.           President

      Notwithstanding  the  foregoing,  no person who is elected to serve as the
President of GPU Nuclear,  Inc. on or after August 9, 2000 shall be eligible for
participation in the Plan.

4.    Supplemental Pension Benefit

      Upon a  Participant's  Retirement,  he or she  shall  become  entitled  to
receive  from  his  or  her  Company  a   supplemental   pension   benefit  (the
"Supplemental Pension Benefit") in accordance with the following provisions:

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      (a) The Supplemental  Pension Benefit payable to a Participant  hereunder,
when  expressed as a single life  annuity,  shall be an annual  amount of income
payable  to the  Participant  for his or her life equal to the excess of (i) the
Participant's  Target Pension Amount, as defined in (b) below, over (ii) the sum
of the Participant's Other Pension Amounts, as defined in (c) below.

      (b) A  Participant's  Target  Pension  Amount shall be an annual amount of
income which, when expressed as a single life annuity payable to the Participant
for his or her life  commencing on the  Participant's  Normal  Retirement  Date,
shall equal 2% of the  Participant's  Average  Annual  Compensation,  as defined
below,  for  each  Year of  Service  (but not  more  than 30  Years of  Service)
completed by the Participant as of the date of his or her Retirement.

      A  Participant's  "Average  Annual  Compensation"  shall mean the quotient
resulting  from  dividing  by three the  aggregate  amount of the  Participant's
Earnings,  as defined below,  during his or her highest paid 36 calendar  months
(whether or not  consecutive)  within the  Participant's  most recent  period of
employment with the GPU Companies (not exceeding 10 years) ending on the date of
his or her Retirement. In the case of any Participant who has been employed with
the GPU  Companies  for less than 36  calendar  months at the time of his or her
Retirement,  such Participant's  Average Annual Compensation shall be determined
by first dividing the aggregate amount of the Participant's  Earnings during his
or her entire period of employment by the number of calendar months (or portions
thereof) in such period, and then,  multiplying the resulting quotient by 12, or
if less, the number of calendar months (or portions thereof) in such period. For
purposes of the foregoing,  a Participant's  "Earnings" for any month shall mean
his Earnings  for such month as  determined  for  purposes of the Pension  Plan,
except that for purposes of this Plan the following provisions shall apply:

            (i) the limitation on the amount of the Participant's  Earnings that
      can be taken into  account for  purposes  of the Pension  Plan a result of
      Section 401(a)(17) of the Internal Revenue Code of 1986, as amended, shall
      not apply;

            (ii) all  amounts  of base  salary or  Incentive  Compensation  Plan
      awards that are deferred pursuant to the Participant's  election under the
      GPU  Companies  Deferred  Compensation  Plan  shall  be  included  in  the
      Participant's  Earnings  for  purposes  of this  Plan.  Any amount of base
      salary so  deferred  shall be treated as  Earnings  for the month in which
      such amount would have been paid to the

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      Participant in cash if he or she had not elected to defer such amount; and
      a pro rata portion of the amount of any Incentive  Compensation Plan award
      for any "Performance Period", as defined in such Plan, that is so deferred
      shall be treated as Earnings for each of the calendar  months  within such
      "Performance  Period" or, in the case of any  Participant who has received
      an award for the Performance  Period in which his Retirement  occurs,  for
      each of the  calendar  months in the  portion of such  Performance  Period
      ending on or prior to the date of his or her Retirement. No amount of base
      salary or Incentive  Compensation  Plan award so deferred shall be treated
      as  Earnings  for any months  other than the months  determined  under the
      preceding sentence; and

            (iii) a Participant's  Earnings during any period of employment with
      any of the GPU  Companies  after the date as of which he or she has ceased
      to hold any  corporate  office  specified  in Section 3 shall not be taken
      into account.

      (c)   A Participant's Other Pension Amounts shall include the following:

            (i) the sum of (A) the Basic Pension,  if any, that would be payable
      to the  Participant  under the Pension Plan and (B) the  aggregate  annual
      benefit  amount  that  would  be  payable  to the  Participant  under  the
      Supplemental  and  Excess  Benefits  Plan,  if, in each  case,  such Basic
      Pension and such aggregate  annual benefit amount were payable in the form
      of a single life annuity commencing on the Participant's Normal Retirement
      Date, and were determined  without taking into account the 20% increase in
      the amounts.

            (ii)  the  annual   amount   (exclusive   of  any  portion   thereof
      attributable  to  the  Participant's  own  contributions)  payable  to the
      Participant under each of the Participant's  Other Retirement Plans if the
      amount  payable  under each such plan were payable in the form of a single
      life annuity  commencing  on the  Participant's  Normal  Retirement  Date;
      provided,  however, that (A) in the case of any such amount payable to the
      Participant  under any Other  Retirement  Plan  maintained  by an employer
      other than one of the GPU Companies, there shall be taken into account for
      purposes of this Section  4(c)(ii) only the portion of such amount that is
      attributable to the same number of the Participant's years of service with
      such employer as the number of additional years of service credited to the
      Participant  under  clause  (b) of the  definition  of "Years of  Service"

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      contained  in  Section  1, and (B) in the  case of  amounts  payable  to a
      Participant   under  any  supplemental   pension   agreement  between  the
      Participant and any of the GPU Companies,  the 20% increase in the amounts
      otherwise payable to the Participant under such agreement during the first
      twelve (12) months for which amounts are payable  thereunder  shall not be
      treated as a "Pension Amount" for purposes of this Section 4(c)(ii);

            (iii) in the case of any  Participant  referred in the last sentence
      of the definition of "Other  Retirement  Plan" contained in Section 2, the
      annual pension amount that would have been payable to such  Participant if
      his account  balance  under the EII Plan had not been  distributed  to him
      upon termination of that plan but had been payable to him instead,  in the
      form of a single life annuity commencing on his Normal Retirement Date, in
      an amount that is  Actuarially  Equivalent (as defined in the Pension Plan
      and  determined  as of the  Participant's  Payment  Starting  Date) to the
      distribution  that was made to the Participant upon termination of the EII
      Plan; and

            (iv) an amount equal to the product resulting from multiplying by 12
      the Participant's Social Security Primary Insurance Amount,  determined as
      of the  date  of his or her  Retirement  (hereinafter  referred  to as the
      Participant's "Social Security Benefit");  provided,  however, that if the
      Participant's  Payment  Starting  Date is prior to the earliest date as of
      which payment of his or her Social Security  Benefit could commence,  then
      (A)  the  amount  of  the  Supplemental  Pension  Benefit  payable  to the
      Participant  during the period  commencing on his or her Payment  Starting
      Date and ending on the day immediately  preceding such earliest date shall
      be  determined  without  taking  into  account  the  Participant's  Social
      Security  Benefit as an Other Pension  Amount,  and (B) the amount of each
      monthly  payment due on and after such earliest  date,  as so  determined,
      shall be reduced by the Social Security Benefit payment that would be made
      to the Participant  for such month if his or her Social  Security  Benefit
      were payable commencing on such earliest date.

      (d) A  Participant's  Supplemental  Pension  Benefit  shall be paid to the
Participant in the same form, and payment shall be made or shall commence at the
same time,  as the  Participant's  benefits  under the  Supplemental  and Excess
Benefits Plan are paid to the  Participant.  For this  purpose,  any election in
effect for a  Participant  at the time of his or her  Retirement  as to the form
and/or time of payment of his or her benefits under the  Supplemental and Excess

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Benefits  Plan  shall  also  govern  the form and time of  payment of his or her
Supplemental  Pension  Benefit  under  this  Plan.  If,  as a result of any such
election, a Participant's Supplemental Pension Benefit is payable in any annuity
form  other  than as a single  life  annuity,  the  amount of the  Participant's
Supplemental  Pension  Benefit  shall  be  adjusted  so as to be  the  Actuarial
Equivalent  (as defined in the Pension Plan) of the  Participant's  Supplemental
Pension Benefit if payable in the form of a single life annuity. If, as a result
of any such election, a Participant's Supplemental Pension Benefit is payable in
the form of a lump-sum  payment,  the amount of such  lump-sum  payment shall be
determined in the same manner as the amount of the lump-sum  payment  payable to
the Participant under the Supplemental and Excess Benefits Plan is determined.

      (e) The amount of the Supplemental  Pension Benefit otherwise payable to a
Participant in accordance  with the previous  provisions of this Section 4 shall
be subject to the following adjustments:

            (i) Except as otherwise  provided in (ii) below,  if a Participant's
      Payment Starting Date occurs prior to the first date (hereinafter referred
      to as a Participant's "Early Retirement Date") as of which the Participant
      has either  attained age 62 or has  attained  age 60 and has  completed at
      least 25 Years of Service,  the amount of his or her Supplemental  Pension
      Benefit shall be reduced so as to be equal to the  Applicable  Percentage,
      as  defined  below,  of the  Supplemental  Pension  Benefit  that would be
      payable to the Participant if payment  thereof  commenced on the first day
      of the month following the  Participant's  62nd birthday.  The "Applicable
      Percentage" shall mean the percentage determined pursuant to the following
      table,  based on the number of months by which the  Participant's  Payment
      Starting  Date  precedes the first day of the month  following  his or her
      62nd birthday.

                  Number of Months
                   Before First of
                  Month After 62nd              Applicable
                     Birthday                   Percentage
                  ----------------              ----------

                        O                           100%
                       12                            89
                       24                            79
                       36                            70
                       48                            63
                       60                            56
                       72                            51
                       84                            46

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            (ii) If a Participant's Payment Starting Date occurs prior to his or
      her Early  Retirement Date, the amount of the  Participant's  Supplemental
      Pension  Benefit  shall be  reduced by 1/12th of 4% for each full month by
      which his or her Payment  Starting  Date  precedes the end of the month in
      which the  Participant's  62nd  birthday  occurs,  if any of the following
      conditions apply:

                  (A)   the Committee has consented to such reduction,

                  (B)   the Participant's Retirement occurs after a Change in
            Control, or

                  (C) the  Participant's  termination  of  employment  with  the
            Company occurs prior to a Change in Control but is treated as having
            occurred after a Change in Control  pursuant to the last sentence of
            the definition of the term "Retirement" contained in Section 2.

            (iii)  In  the  case  of  any   Participant   described  in  Section
      4(e)(ii)(C)  whose  Payment  Starting  Date  occurs  prior to a Change  in
      Control,   the  Participant's   Supplemental   Pension  Benefit  (and  the
      additional  amounts payable with respect thereto  pursuant to Section 4(f)
      below) shall be adjusted  upon the  occurrence of the Change in Control in
      the same  manner as  provided in Section  3.3(c) of the  Supplemental  and
      Excess Benefits Plan.

      (f) With each monthly payment of the Supplemental  Pension Benefit payable
to a  Participant  during  the first  12-month  period  beginning  on his or her
Payment Starting Date, the Participant  shall be entitled to receive from his or
her  Company an  additional  amount  equal to 20% of the amount of such  monthly
payment.  If a  Participant's  Supplemental  Pension  Benefit  is payable to the
Participant  in the form of a lump-sum  payment  pursuant to Section  4(d),  the
Participant  shall be entitled to receive an additional  lump-sum  payment in an
amount  that is  Actuarially  Equivalent  (as  defined in the  Pension  Plan and
determined  as of the last day of the  month  preceding  the date on which  such
additional  lump-sum payment is made) to the additional payments the Participant
would have received  during the first  12-month  period  beginning on his or her
Payment  Starting Date pursuant to the preceding  sentence if the  Participant's
Supplemental Pension Benefit had been paid in the form of a single life annuity.

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5.    Supplemental Death Benefit

      If a  Participant  dies  prior  to his or her  Retirement  but  after  the
Participant  has attained age 55 and has completed at least 15 Years of Service,
the  Participant's  surviving  spouse, if any, shall be entitled to receive from
the Participant's  Company an annuity for such spouse's  lifetime,  in an amount
equal to 50% of the Supplemental Pension Benefit that would have been payable to
the Participant  hereunder  (including the 20% increase in the monthly  payments
thereof  that would have been  payable  pursuant to Section 4(f) above) if he or
she had not died, if the  Participant's  Retirement had occurred on the last day
of the  month  in  which  his  or her  death  occurs,  and if the  Participant's
Supplemental  Pension  Benefit were payable in the form of a single life annuity
commencing on the first day of the month following the date of the Participant's
death.

6.    Administration

      (a) The Plan shall be  administered  by the Committee.  In addition to the
responsibilities and powers assigned to the Committee elsewhere in the Plan, the
Committee shall have the authority, in its discretion, to interpret the Plan, to
decide all questions that may arise as to the construction or application of any
of its provisions,  and make all determinations as to the rights of Participants
or other  persons to  benefits  under the Plan.  Any  determination  made by the
Committee prior to a Change in Control as to the interpretation, construction or
application of the Plan, or as to the rights of any  Participant or other person
to benefits under the Plan, shall be conclusive and binding on all parties.  Any
such  determination  made by the Committee  after the  occurrence of a Change in
Control that denies,  in whole or in part,  any claim made by any individual for
benefits  hereunder  shall be subject  to  judicial  review,  under a "de novo",
rather than a deferential, standard.

      (b) The  Committee  may delegate any  administerial  or  non-discretionary
function  pertaining  to the  administration  of the  Plan  to any  one or  more
officers  or  employees  of any of  the  GPU  Companies,  as the  Committee  may
determine in its discretion.

7.    Amendment and Termination

      (a) Subject to Section 7(c),  the Plan may be amended or terminated at any
time by GPU Service, Inc. ("GPUS"),  with the concurrence of the Committee.  Any
such amendment may be made with retroactive  effect to the extent not prohibited
by law.

                                       12
<PAGE>

      (b)  Action  to amend the Plan may be taken by GPUS  either by  resolution
duly adopted by its Board of Directors,  or by an instrument in writing executed
by an officer of GPUS to whom  authority to adopt or approve  amendments  to the
Plan has been  delegated  pursuant to a resolution  duly adopted by the Board of
Directors  of GPUS.  Action  to  terminate  the  Plan  shall be taken by GPUS by
resolution of its Board of Directors.

      (c)   Notwithstanding the provisions of Sections 7(a) and 7(b),

            (i)   no amendment to or termination of the Plan shall impair any
      rights to benefits which have accrued hereunder, and

            (ii) no amendment to Section 6(a) or to this Section  7(c),  nor any
      termination of the Plan,  effectuated  (A) at the request of a third party
      who had  indicated  an  intention  or taken  steps to  effect a Change  in
      Control and who  effectuates  a Change in  Control,  (B) within six months
      prior to, or otherwise in connection with, or in anticipation of, a Change
      in  Control  which has been  threatened  or  proposed  and which  actually
      occurs,  or (C)  following a Change in Control,  shall be effective if the
      amendment or termination  adversely  affects the rights of any Participant
      under the Plan.

8.    Rights of Participants

      A  Participant's  rights and interests  under the Plan shall be subject to
the following provisions:

      (a) A Participant shall have the status of a general unsecured creditor of
his or her Company with respect to his or her right to receive any payment under
the Plan. The Plan shall constitute a mere promise by the Participant's  Company
to make  payments  in the future of the  benefits  provided  for  herein.  It is
intended that the arrangements  reflected in the Plan be treated as unfunded for
tax purposes, as well as for purposes of any applicable provisions of Title I of
ERISA.

      (b) A Participant's rights to payments under the Plan shall not be subject
in any manner to anticipation,  alienation, sale, transfer,  assignment, pledge,
encumbrance,  attachment,  or garnishment by creditors of the Participant or his
or her beneficiary.

      (c) Neither the Plan nor any action taken  hereunder shall be construed as
giving any  Participant any right to be retained in the employment of any of the
GPU Companies.

                                       13
<PAGE>

      (d)  Notwithstanding  any other  provision  herein to the contrary,  there
shall be deducted from any payment  otherwise  required to be made hereunder any
federal,  state or local taxes  required by law to be withheld  with  respect to
such payment.

9.    Successor Corporation

      The  obligations  of the Company  under the Plan shall be binding upon any
successor corporation or organization  resulting from the merger,  consolidation
or other  reorganization  of the Company,  or upon any successor  corporation or
organization  succeeding to substantially  all of the assets and business of the
Company.

10.   Additional Change in Control Provisions

      Notwithstanding  any provision in the Plan to the contrary,  the following
provisions  shall  apply in  determining  the  Supplemental  Pension  Benefit or
Supplemental  Death  Benefit  payable  with  respect  to any  Participant  whose
employment  terminates  either (i) for any reason  upon or at any time after the
occurrence  of such  Change in  Control,  or (ii) as a result of an  Involuntary
Termination  at any time  after  August  8,  2000 and  prior to such  Change  in
Control:

      (a)   five years shall be added to the Participant's  Years of Service, as
            determined  under the other  applicable  provisions of the Plan, for
            purposes of  determining  the  Participant's  Target  Pension Amount
            under Section 4(b); and

      (b)   five years shall be added to the Participant's Years of Service,
            as determined under the other applicable provisions of the Plan,
            and five years shall be added to the Participant's actual
            attained age, for purposes of determining (x) whether the
            Participant's termination of employment qualifies as a
            Retirement, (y) the amount of the adjustment, if any, to be made
            with respect to the Participant's Supplemental Pension Benefit
            pursuant to Section 4(e), and (z) whether the Participant's
            surviving spouse is entitled to receive a Supplemental Death
            Benefit under Section 5 in the event of the Participant's death
            prior to his or her Retirement, and if so, the amount thereof.

      In the case of any  Participant  described in clause (ii) of the preceding
paragraph whose Payment Starting Date precedes such Change in Control, or in the
case of the surviving spouse of any

                                       14
<PAGE>

Participant  whose  Supplemental  Death  Benefit  is  required  to be paid or to
commence to be paid on a date prior to the occurrence of such Change in Control,
the amount of the  Supplemental  Pension Benefit or  Supplemental  Death Benefit
payable on, or payment of which is to commence on, such  preceding or prior date
shall be determined  without  regard to this Section 10, but upon the subsequent
occurrence  of the Change in  Control,  such  Participant's  Supplement  Pension
Benefit, or his or her surviving spouse's  Supplemental Death Benefit,  shall be
adjusted to reflect the additional Years of Service and age provided for in this
Section  10.  Such  adjustment  shall be made in the same  manner as provided in
clauses (i) and (ii) of Section 3.3(c) of the  Supplemental  and Excess Benefits
Plan.

                                       15THERMO ELECTRON CORPORATION

                                    EQUITY INCENTIVE PLAN

                     As amended and restated effective as of May 17, 2000

1.      Purpose

        The purpose of this Equity Incentive Plan (the "Plan") is to secure for
Thermo Electron Corporation (the "Company") and its Stockholders the benefits
arising from capital stock ownership by employees and Directors of, and
consultants to, the Company and its subsidiaries or other persons who are
expected to make significant contributions to the future growth and success of
the Company and its subsidiaries. The Plan is intended to accomplish these goals
by enabling the Company to offer such persons equity-based interests,
equity-based incentives or performance-based stock incentives in the Company, or
any combination thereof ("Awards").

2.      Administration

        The Plan will be administered by the Board of Directors of the Company
(the "Board"). The Board shall have full power to interpret and administer the
Plan, to prescribe, amend and rescind rules and regulations relating to the Plan
and Awards, and full authority to select the persons to whom Awards will be
granted ("Participants"), determine the type and amount of Awards to be granted
to Participants (including any combination of Awards), determine the terms and
conditions of Awards granted under the Plan (including terms and conditions
relating to events of merger, consolidation, dissolution and liquidation, change
of control, vesting, forfeiture, restrictions, dividends and interest, if any,
on deferred amounts), waive compliance by a participant with any obligation to
be performed by him or her under an Award, waive any term or condition of an
Award, cancel an existing Award in whole or in part with the consent of a
Participant, grant replacement Awards, accelerate the vesting or lapse of any
restrictions of any Award and adopt the form of instruments evidencing Awards
under the Plan and change such forms from time to time. Any interpretation by
the Board of the terms and provisions of the Plan or any Award thereunder and
the administration thereof, and all action taken by the Board, shall be final,
binding and conclusive on all parties and any person claiming under or through
any party. No Director shall be liable for any action or determination made in
good faith. The Board may, to the full extent permitted by law, delegate any or
all of its responsibilities under the Plan to a committee (the "Committee")
appointed by the Board and consisting of two or more members of the Board, each
of whom shall be deemed a "disinterested person" within the meaning of Rule
16b-3 (or any successor rule) of the Securities Exchange Act of 1934 (the
"Exchange Act").

3.      Effective Date

        The Plan shall be effective as of the date first approved by the Board
of Directors, subject to the approval of the Plan by the Corporation's
Stockholders. Grants of Awards under the Plan made prior to such approval shall
be effective when made (unless otherwise specified by the Board at the time of
grant), but shall be conditioned on and subject to such approval of the Plan.

4.      Shares Subject to the Plan

        Subject to adjustment as provided in Section 10.6, the total number of
shares of Common Stock reserved and available for distribution under the Plan
shall be 15,575,000 shares. Such shares may consist, in whole or in part, of
authorized and unissued shares or treasury shares.

        If any Award of shares of Common Stock requiring exercise by the
Participant for delivery of such shares terminates without having been exercised
in full, is forfeited or is otherwise terminated without a payment being made to
the Participant in the form of Common Stock, or if any shares of Common Stock
subject to restrictions are repurchased by the Company pursuant to the terms of
any Award or are otherwise reacquired by the Company to satisfy obligations
arising by virtue of any Award, such shares shall be available for distribution
in connection with future Awards under the Plan.

5.      Eligibility

        Employees and Directors of, and consultants to, the Company and its
subsidiaries, or other persons who are expected to make significant
contributions to the future growth and success of the Company and its
subsidiaries shall be eligible to receive Awards under the Plan. The Board, or
other appropriate committee or person to the extent permitted pursuant to the
last sentence of Section 2, shall from time to time select from among such
eligible persons those who will receive Awards under the Plan.

6.      Types of Awards

        The Board may offer Awards under the Plan in any form of equity-based
interest, equity-based incentive or performance-based stock incentive in Common
Stock of the Company or any combination thereof. The type, terms and conditions
and restrictions of an Award shall be determined by the Board at the time such
Award is made to a Participant; provided however that the maximum number of
shares permitted to be granted under any Award or combination of Awards to any
Participant during any one calendar year may not exceed 1,500,000 shares of
Common Stock.

        An Award shall be made at the time specified by the Board and shall be
subject to such conditions or restrictions as may be imposed by the Board and
shall conform to the general rules applicable under the Plan as well as any
special rules then applicable under federal tax laws or regulations or the
federal securities laws relating to the type of Award granted.

        Without limiting the foregoing, Awards may take the following forms and
shall be subject to the following rules and conditions:

        6.1    Options

        An option is an Award that entitles the holder on exercise thereof to
purchase Common Stock at a specified exercise price. Options granted under the
Plan may be either incentive stock options ("incentive stock options") that meet
the requirements of Section 422 of the Internal Revenue Code of 1986, as amended
(the "Code"), or options that are not intended to meet the requirements of
Section 422 ("non-statutory options").

        6.1.1 Option Price. The price at which Common Stock may be purchased
upon exercise of an option shall be determined by the Board, provided however,
the exercise price shall not be less than 85% of the fair market value per share
of Common Stock as of the date of grant. The Board shall not have the authority
to reprice outstanding stock options granted to directors or executive officers
of the Company, except to the extent permitted under Section 10.6 of the Plan in
connection with adjustments in the event of certain transactions.

        6.1.2 Option Grants. The granting of an option shall take place at the
time specified by the Board. Options shall be evidenced by option agreements.
Such agreements shall conform to the requirements of the Plan, and may contain
such other provisions (including but not limited to vesting and forfeiture
provisions, acceleration, change of control, protection in the event of merger,
consolidations, dissolutions and liquidations) as the Board shall deem
advisable. Option agreements shall expressly state whether an option grant is
intended to qualify as an incentive stock option or non-statutory option.

        6.1.3 Option Period. An option will become exercisable at such time or
times (which may be immediately or in such installments as the Board shall
determine) and on such terms and conditions as the Board shall specify. The
option agreements shall specify the terms and conditions applicable in the event
of an option holder's termination of employment during the option's term.

        Any exercise of an option must be in writing, signed by the proper
person and delivered or mailed to the Company, accompanied by (1) any additional
documents required by the Board and (2) payment in full in accordance with
Section 6.1.4 for the number of shares for which the option is exercised.

        6.1.4 Payment of Exercise Price. Stock purchased on exercise of an
option shall be paid for as follows: (1) in cash or by check (subject to such
guidelines as the Company may establish for this purpose), bank draft or money
order payable to the order of the Company or (2) if so permitted by the
instrument evidencing the option (or in the case of a non-statutory option, by
the Board at or after grant of the option), (i) through the delivery of shares
of Common Stock that have been outstanding for at least six months (unless the
Board expressly approves a shorter period) and that have a fair market value
(determined in accordance with procedures prescribed by the Board) equal to the
exercise price, (ii) by delivery of a promissory note of the option holder to
the Company, payable on such terms as are specified by the Board, (iii) by
delivery of an unconditional and irrevocable undertaking by a broker to deliver
promptly to the Company sufficient funds to pay the exercise price, or (iv) by
any combination of the permissible forms of payment.

        6.1.5 Buyout Provision. The Board may at any time offer to buy out for a
payment in cash, shares of Common Stock, deferred stock or restricted stock, an
option previously granted, based on such terms and conditions as the Board shall
establish and communicate to the option holder at the time that such offer is
made.

        6.1.6 Special Rules for Incentive Stock Options. Each provision of the
Plan and each option agreement evidencing an incentive stock option shall be
construed so that each incentive stock option shall be an incentive stock option
as defined in Section 422 of the Code or any statutory provision that may
replace such Section, and any provisions thereof that cannot be so construed
shall be disregarded. Instruments evidencing incentive stock options must
contain such provisions as are required under applicable provisions of the Code.
Incentive stock options may be granted only to employees of the Company and its
subsidiaries. The exercise price of an incentive stock option shall not be less
than 100% (110% in the case of an incentive stock option granted to a more than
ten percent Stockholder of the Company) of the fair market value of the Common
Stock on the date of grant, as determined by the Board. An incentive stock
option may not be granted after the tenth anniversary of the date on which the
Plan was adopted by the Board and the latest date on which an incentive stock
option may be exercised shall be the tenth anniversary (fifth anniversary, in
the case of any incentive stock option granted to a more than ten percent
Stockholder of the Company) of the date of grant, as determined by the Board.

        6.2    Restricted and Unrestricted Stock

        An Award of restricted stock entitles the recipient thereof to acquire
shares of Common Stock upon payment of the purchase price subject to
restrictions specified in the instrument evidencing the Award.

        6.2.1 Restricted Stock Awards. Awards of restricted stock shall be
evidenced by restricted stock agreements. Such agreements shall conform to the
requirements of the Plan, and may contain such other provisions (including
restriction and forfeiture provisions, change of control, protection in the
event of mergers, consolidations, dissolutions and liquidations) as the Board
shall deem advisable.

        6.2.2 Restrictions. Until the restrictions specified in a restricted
stock agreement shall lapse, restricted stock may not be sold, assigned,
transferred, pledged or otherwise encumbered or disposed of, and upon certain
conditions specified in the restricted stock agreement, must be resold to the
Company for the price, if any, specified in such agreement. The restrictions
shall lapse at such time or times, and on such conditions, as the Board may
specify. The Board may at any time accelerate the time at which the restrictions
on all or any part of the shares shall lapse.

        6.2.3 Rights as a Stockholder. A Participant who acquires shares of
restricted stock will have all of the rights of a Stockholder with respect to
such shares including the right to receive dividends and to vote such shares.
Unless the Board otherwise determines, certificates evidencing shares of
restricted stock will remain in the possession of the Company until such shares
are free of all restrictions under the Plan.

        6.2.4 Purchase Price. The purchase price of shares of restricted stock
shall be determined by the Board, in its sole discretion.

        6.2.5 Other Awards Settled With Restricted Stock. The Board may provide
that any or all the Common Stock delivered pursuant to an Award will be
restricted stock.

        6.2.6 Unrestricted Stock. The Board may, in its sole discretion, sell to
any Participant shares of Common Stock free of restrictions under the Plan for a
price determined by the Board, but which may not be less than the par value per
share of the Common Stock.

        6.3    Deferred Stock

        6.3.1 Deferred Stock Award. A deferred stock Award entitles the
recipient to receive shares of deferred stock, which is Common Stock to be
delivered in the future. Delivery of the Common Stock will take place at such
time or times, and on such conditions, as the Board may specify. The Board may
at any time accelerate the time at which delivery of all or any part of the
Common Stock will take place.

        6.3.2 Other Awards Settled with Deferred Stock. The Board may, at the
time any Award described in this Section 6 is granted, provide that, at the time
Common Stock would otherwise be delivered pursuant to the Award, the Participant
will instead receive an instrument evidencing the right to future delivery of
deferred stock.

        6.4    Performance Awards

        6.4.1 Performance Awards. A performance Award entitles the recipient to
receive, without payment, an amount, in cash or Common Stock or a combination
thereof (such form to be determined by the Board), following the attainment of
performance goals. Performance goals may be related to personal performance,
corporate performance, departmental performance or any other category of
performance deemed by the Board to be important to the success of the Company.
The Board will determine the performance goals, the period or periods during
which performance is to be measured and all other terms and conditions
applicable to the Award.

        6.4.2 Other Awards Subject to Performance Conditions. The Board may, at
the time any Award described in this Section 6 is granted, impose the condition
(in addition to any conditions specified or authorized in this Section 6 of the
Plan) that performance goals be met prior to the Participant's realization of
any payment or benefit under the Award.

7.      Purchase Price and Payment

        Except as otherwise provided in the Plan, the purchase price of Common
Stock to be acquired pursuant to an Award shall be the price determined by the
Board, provided that such price shall not be less than the par value of the
Common Stock. Except as otherwise provided in the Plan, the Board may determine
the method of payment of the exercise price or purchase price of an Award
granted under the Plan and the form of payment. The Board may determine that all
or any part of the purchase price of Common Stock pursuant to an Award has been
satisfied by past services rendered by the Participant. The Board may agree at
any time, upon request of the Participant, to defer the date on which any
payment under an Award will be made.

8.      Loans and Supplemental Grants

        The Company may make a loan to a Participant, either on or after the
grant to the Participant of any Award, in connection with the purchase of Common
Stock under the Award or with the payment of any obligation incurred or
recognized as a result of the Award. The Board will have full authority to
decide whether the loan is to be secured or unsecured or with or without
recourse against the borrower, the terms on which the loan is to be repaid and
the conditions, if any, under which it may be forgiven.

        In connection with any Award, the Board may at the time such Award is
made or at a later date, provide for and make a cash payment to the participant
not to exceed an amount equal to (a) the amount of any federal, state and local
income tax or ordinary income for which the Participant will be liable with
respect to the Award, plus (b) an additional amount on a grossed-up basis
necessary to make him or her whole after tax, discharging all the participant's
income tax liabilities arising from all payments under the Plan.

9.      Change in Control

        9.1    Impact of Event

        In the event of a "Change in Control" as defined in Section 9.2, the
following provisions shall apply, unless the agreement evidencing the Award
otherwise provides (by specific explicit reference to Section 9.2 below). If a
Change in Control occurs while any Awards are outstanding, then, effective upon
the Change in Control, (i) each outstanding stock option or other stock-based
Award awarded under the Plan that was not previously exercisable and vested
shall become immediately exercisable in full and will no longer be subject to a
right of repurchase by the Company, (ii) each outstanding restricted stock award
or other stock-based Award subject to restrictions and to the extent not fully
vested, shall be deemed to be fully vested, free of restrictions and no longer
subject to a right of repurchase by the Company, and (iii) deferral limitations
and conditions that relate solely to the passage of time, continued employment
or affiliation will be waived and removed as to deferred stock Awards and
performance Awards; performance of other conditions (other than conditions
relating solely to the passage of time, continued employment or affiliation)
will continue to apply unless otherwise provided in the agreement evidencing the
Award or in any other agreement between the Participant and the Company or
unless otherwise agreed by the Board.

        9.2    Definition of "Change in Control"

        "Change in Control" means an event or occurrence set forth in any one or
more of subsections (a) through (d) below (including an event or occurrence that
constitutes a Change in Control under one of such subsections but is
specifically exempted from another such subsection):

        (a) the acquisition by an individual, entity or group (within the
meaning of Section 13(d)(3) or 14(d)(2) of the Exchange Act) (a "Person") of
beneficial ownership of any capital stock of Thermo Electron Corporation
("Thermo Electron") if, after such acquisition, such Person beneficially owns
(within the meaning of Rule 13d-3 promulgated under the Exchange Act) 40% or
more of either (i) the then-outstanding shares of common stock of Thermo
Electron (the "Outstanding TMO Common Stock") or (ii) the combined voting power
of the then-outstanding securities of Thermo Electron entitled to vote generally
in the election of directors (the "Outstanding TMO Voting Securities");
provided, however, that for purposes of this subsection (a), the following
acquisitions shall not constitute a Change in Control: (i) any acquisition by
Thermo Electron, (ii) any acquisition by any employee benefit plan (or related
trust) sponsored or maintained by Thermo Electron or any corporation controlled
by Thermo Electron, or (iii) any acquisition by any corporation pursuant to a
transaction which complies with clauses (i) and (ii) of subsection (c) of this
definition; or

        (b) such time as the Continuing Directors (as defined below) do not
constitute a majority of the Board of Directors of Thermo Electron (the "Thermo
Board") (or, if applicable, the Board of Directors of a successor corporation to
Thermo Electron), where the term "Continuing Director" means at any date a
member of the Thermo Board (i) who was a member of the Thermo Board as of July
1, 1999 or (ii) who was nominated or elected subsequent to such date by at least
a majority of the directors who were Continuing Directors at the time of such
nomination or election or whose election to the Thermo Board was recommended or
endorsed by at least a majority of the directors who were Continuing Directors
at the time of such nomination or election; provided, however, that there shall
be excluded from this clause (ii) any individual whose initial assumption of
office occurred as a result of an actual or threatened election contest with
respect to the election or removal of directors or other actual or threatened
solicitation of proxies or consents, by or on behalf of a person other than the
Thermo Board; or

        (c) the consummation of a merger, consolidation, reorganization,
recapitalization or statutory share exchange involving Thermo Electron or a sale
or other disposition of all or substantially all of the assets of Thermo
Electron in one or a series of transactions (a "Business Combination"), unless,
immediately following such Business Combination, each of the following two
conditions is satisfied: (i) all or substantially all of the individuals and
entities who were the beneficial owners of the Outstanding TMO Common Stock and
Outstanding TMO Voting Securities immediately prior to such Business Combination
beneficially own, directly or indirectly, more than 60% of the then-outstanding
shares of common stock and the combined voting power of the then-outstanding
securities entitled to vote generally in the election of directors,
respectively, of the resulting or acquiring corporation in such Business
Combination (which shall include, without limitation, a corporation which as a
result of such transaction owns Thermo Electron or substantially all of Thermo
Electron's assets either directly or through one or more subsidiaries) (such
resulting or acquiring corporation is referred to herein as the "Acquiring
Corporation") in substantially the same proportions as their ownership,
immediately prior to such Business Combination, of the Outstanding TMO Common
Stock and Outstanding TMO Voting Securities, respectively; and (ii) no Person
(excluding the Acquiring Corporation or any employee benefit plan (or related
trust) maintained or sponsored by Thermo Electron or by the Acquiring
Corporation) beneficially owns, directly or indirectly, 40% or more of the then
outstanding shares of common stock of the Acquiring Corporation, or of the
combined voting power of the then-outstanding securities of such corporation
entitled to vote generally in the election of directors; or

        (d) approval by the stockholders of Thermo Electron of a complete
liquidation or dissolution of Thermo Electron.

10.     General Provisions

        10.1   Documentation of Awards

        Awards will be evidenced by written instruments, which may differ among
Participants, prescribed by the Board from time to time. Such instruments may be
in the form of agreements to be executed by both the Participant and the Company
or certificates, letters or similar instruments which need not be executed by
the participant but acceptance of which will evidence agreement to the terms
thereof. Such instruments shall conform to the requirements of the Plan and may
contain such other provisions (including provisions relating to events of
merger, consolidation, dissolution and liquidations, change of control and
restrictions affecting either the agreement or the Common Stock issued
thereunder), as the Board deems advisable.

        10.2   Rights as a Stockholder

        Except as specifically provided by the Plan or the instrument evidencing
the Award, the receipt of an Award will not give a Participant rights as a
Stockholder with respect to any shares covered by an Award until the date of
issue of a stock certificate to the participant for such shares.

        10.3   Conditions on Delivery of Stock

        The Company will not be obligated to deliver any shares of Common Stock
pursuant to the Plan or to remove any restriction from shares previously
delivered under the Plan (a) until all conditions of the Award have been
satisfied or removed, (b) until, in the opinion of the Company's counsel, all
applicable federal and state laws and regulations have been complied with, (c)
if the outstanding Common Stock is at the time listed on any stock exchange,
until the shares have been listed or authorized to be listed on such exchange
upon official notice of issuance, and (d) until all other legal matters in
connection with the issuance and delivery of such shares have been approved by
the Company's counsel. If the sale of Common Stock has not been registered under
the Securities Act of 1933, as amended, the Company may require, as a condition
to exercise of the Award, such representations or agreements as counsel for the
Company may consider appropriate to avoid violation of such act and may require
that the certificates evidencing such Common Stock bear an appropriate legend
restricting transfer.

        If an Award is exercised by the participant's legal representative, the
Company will be under no obligation to deliver Common Stock pursuant to such
exercise until the Company is satisfied as to the authority of such
representative.

        10.4   Tax Withholding

        The Company will withhold from any cash payment made pursuant to an
Award an amount sufficient to satisfy all federal, state and local withholding
tax requirements (the "withholding requirements").

        In the case of an Award pursuant to which Common Stock may be delivered,
the Board will have the right to require that the participant or other
appropriate person remit to the Company an amount sufficient to satisfy the
withholding requirements, or make other arrangements satisfactory to the Board
with regard to such requirements, prior to the delivery of any Common Stock. If
and to the extent that such withholding is required, the Board may permit the
participant or such other person to elect at such time and in such manner as the
Board provides to have the Company hold back from the shares to be delivered, or
to deliver to the Company, Common Stock having a value calculated to satisfy the
withholding requirement.

        10.5   Transferability of Awards

        Except as may be authorized by the Board, in its sole discretion, no
Award (other than an Award in the form of an outright transfer of cash or Common
Stock not subject to any restrictions) may be transferred other than by will or
the laws of descent and distribution, and during a Participant's lifetime an
Award requiring exercise may be exercised only by him or her (or in the event of
incapacity, the person or persons properly appointed to act on his or her
behalf). The Board may, in its discretion, determine the extent to which Awards
granted to a Participant shall be transferable, and such provisions permitting
or acknowledging transfer shall be set forth in the written agreement evidencing
the Award executed and delivered by or on behalf of the Company and the
Participant.

        10.6   Adjustments in the Event of Certain Transactions

        (a) In the event of a stock dividend, stock split or combination of
shares, or other distribution with respect to holders of Common Stock other than
normal cash dividends, the Board will make (i) appropriate adjustments to the
maximum number of shares that may be delivered under the Plan under Section 4
above, and (ii) appropriate adjustments to the number and kind of shares of
stock or securities subject to Awards then outstanding or subsequently granted,
any exercise prices relating to Awards and any other provisions of Awards
affected by such change.

        (b) In the event of any recapitalization, merger or consolidation
involving the Company, any transaction in which the Company becomes a subsidiary
of another entity, any sale or other disposition of all or a substantial portion
of the assets of the Company or any similar transaction, as determined by the
Board, the Board in its discretion may make appropriate adjustments to
outstanding Awards to avoid distortion in the operation of the Plan.

        10.7   Employment Rights

        Neither the adoption of the Plan nor the grant of Awards will confer
upon any person any right to continued employment with the Company or any
subsidiary or interfere in any way with the right of the Company or subsidiary
to terminate any employment relationship at any time or to increase or decrease
the compensation of such person. Except as specifically provided by the Board in
any particular case, the loss of existing or potential profit in Awards granted
under the Plan will not constitute an element of damages in the event of
termination of an employment relationship even if the termination is in
violation of an obligation of the Company to the employee.

        Whether an authorized leave of absence, or absence in military or
government service, shall constitute termination of employment shall be
determined by the Board at the time. For purposes of this Plan, transfer of
employment between the Company and its subsidiaries shall not be deemed
termination of employment.

        10.8   Other Employee Benefits

        The value of an Award granted to a Participant who is an employee, and
the amount of any compensation deemed to be received by an employee as a result
of any exercise or purchase of Common Stock pursuant to an Award or sale of
shares received under the Plan, will not constitute "earnings" or "compensation"
with respect to which any other employee benefits of such employee are
determined, including without limitation benefits under any pension, stock
ownership, stock purchase, life insurance, medical, health, disability or salary
continuation plan.

        10.9   Legal Holidays

        If any day on or before which action under the Plan must be taken falls
on a Saturday, Sunday or legal holiday, such action may be taken on the next
succeeding day not a Saturday, Sunday or legal holiday.

        10.10  Foreign Nationals

        Without amending the Plan, Awards may be granted to persons who are
foreign nationals or employed outside the United States or both, on such terms
and conditions different from those specified in the Plan, as may, in the
judgment of the Board, be necessary or desirable to further the purpose of the
Plan.

11.     Termination and Amendment

        The Plan shall remain in full force and effect until terminated by the
Board. Subject to the last sentence of this Section 11, the Board may at any
time or times amend the Plan or any outstanding Award for any purpose that may
at the time be permitted by law, or may at any time terminate the Plan as to any
further grants of Awards. No amendment of the Plan or any agreement evidencing
Awards under the Plan may adversely affect the rights of any participant under
any Award previously granted without such participant's consent.

TMO EQUITY INCENTIVE PLAN 05.17.00 RESTATED

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