Document:

Exhibit 10.5

                              TERMINATION AGREEMENT
                              ---------------------

     This Termination Agreement is made effective as of the 26th day of April
2005 (the "Agreement"), by and between the undersigned employee (the "Employee")
and ANTs software inc., a Delaware corporation (the "Company").

     WHEREAS, the parties hereto are parties to that certain Salary Agreement
dated October 29, 2004, as amended by those certain Amendment Agreements dated
January 13, 2005 and February 1, 2005 (collectively, the "Prior Agreements"),
and

     WHEREAS, the parties desire to terminate the Prior Agreements on the terms
and subject to the conditions set forth herein.

     NOW THEREFORE, in consideration of the agreements contained herein, and
intending to be legally bound hereby, the parties hereto agree as follows:

1.   Acknowledgment. The Parties acknowledge and agree that the contingent bonus
     set forth in the Prior Agreements has been earned and is due and the
     Company shall pay the entire contingent bonus to Employee, subject to the
     Company's withholding obligations and normal payroll practices, within
     thirty days of the day of this Agreement.

2.   Termination of Prior Agreements. The parties agree that the Prior
     Agreements are terminated, effective as of the date of this Agreement.
     Nothing herein is intended to or shall change the "at-will" nature of the
     Employee's employment by the Company.

3.   Base Annual Salary. Subject to the Company's withholding obligations, the
     Company will pay to the Employee that certain base salary that the Employee
     received prior to the effectiveness of the Salary Agreement, to be paid in
     accordance with the Company's standard payroll procedures.

4.   Miscellaneous. This Agreement may be executed simultaneously in two or more
     counterparts, each one of which need not contain the signature of more than
     one party, but all such counterparts taken together shall constitute one
     and the same agreement. This Agreement shall be governed by and construed
     under the laws of the State of California as applied to agreements among
     California residents entered into and to be performed entirely within
     California. If one or more provisions of this Agreement are held to be
     unenforceable under applicable law, such provision, or such portion of such
     provision as may be necessary, shall be excluded from this Agreement and
     the balance of this Agreement shall be interpreted as if such provision
     were so excluded and shall be thereafter enforceable in accordance with its
     terms. In the event of any claim, dispute, litigation, arbitration or
     action concerning or related to this Agreement, or any alleged breach of
     this Agreement, the prevailing party shall be entitled to reasonable
     attorneys fees, costs of suit and disbursements in addition to any other
     remedies or damages which may be properly awarded or awardable. This
     Agreement is the entire agreement of the parties concerning the subject
     matter of this Agreement and supersedes any prior agreements between them,
     whether written or oral, with respect to the subject matter hereof. The
     parties have had an opportunity for legal review of all of the terms
     hereof. The parties therefore agree that, in interpreting any issues which
     may arise, any rules of construction related to who prepared this Agreement
     or otherwise are not intended and shall be inapplicable, each party having
     contributed or having had the opportunity to contribute to clarify any
     issue, and the parties hereto being joint authors hereof.

     IN WITNESS WHEREOF, the parties have executed this Agreement by their agent
duly authorized as of the date first above written.

            ANTS SOFTWARE INC.                          EMPLOYEE

         By:  /s/ Boyd Pearce                     By:    /s/ Girish Mundada
              ----------------------------------         -----------------------
            Boyd Pearce, Chief Executive Officer

   Address: 801 Mahler Road, Suite G          Address:  801 Mahler Road, Suite G
            Burlingame, CA 94010                        Burlingame, CA 94010Exhibit 10.6

                              TERMINATION AGREEMENT
                              ---------------------

     This Termination Agreement is made effective as of the 26th day of April
2005 (the "Agreement"), by and between the undersigned employee (the "Employee")
and ANTs software inc., a Delaware corporation (the "Company").

     WHEREAS, the parties hereto are parties to that certain Salary Agreement
dated October 29, 2004, as amended by those certain Amendment Agreements dated
January 13, 2005 and February 1, 2005 (collectively, the "Prior Agreements"),
and

     WHEREAS, the parties desire to terminate the Prior Agreements on the terms
and subject to the conditions set forth herein.

     NOW THEREFORE, in consideration of the agreements contained herein, and
intending to be legally bound hereby, the parties hereto agree as follows:

1.   Acknowledgment. The Parties acknowledge and agree that the contingent bonus
     set forth in the Prior Agreements has been earned and is due and the
     Company shall pay the entire contingent bonus to Employee, subject to the
     Company's withholding obligations and normal payroll practices, within
     thirty days of the day of this Agreement.

2.   Termination of Prior Agreements. The parties agree that the Prior
     Agreements are terminated, effective as of the date of this Agreement.
     Nothing herein is intended to or shall change the "at-will" nature of the
     Employee's employment by the Company.

3.   Base Annual Salary. Subject to the Company's withholding obligations, the
     Company will pay to the Employee that certain base salary that the Employee
     received prior to the effectiveness of the Salary Agreement, to be paid in
     accordance with the Company's standard payroll procedures.

4.   Miscellaneous. This Agreement may be executed simultaneously in two or more
     counterparts, each one of which need not contain the signature of more than
     one party, but all such counterparts taken together shall constitute one
     and the same agreement. This Agreement shall be governed by and construed
     under the laws of the State of California as applied to agreements among
     California residents entered into and to be performed entirely within
     California. If one or more provisions of this Agreement are held to be
     unenforceable under applicable law, such provision, or such portion of such
     provision as may be necessary, shall be excluded from this Agreement and
     the balance of this Agreement shall be interpreted as if such provision
     were so excluded and shall be thereafter enforceable in accordance with its
     terms. In the event of any claim, dispute, litigation, arbitration or
     action concerning or related to this Agreement, or any alleged breach of
     this Agreement, the prevailing party shall be entitled to reasonable
     attorneys fees, costs of suit and disbursements in addition to any other
     remedies or damages which may be properly awarded or awardable. This
     Agreement is the entire agreement of the parties concerning the subject
     matter of this Agreement and supersedes any prior agreements between them,
     whether written or oral, with respect to the subject matter hereof. The
     parties have had an opportunity for legal review of all of the terms
     hereof. The parties therefore agree that, in interpreting any issues which
     may arise, any rules of construction related to who prepared this Agreement
     or otherwise are not intended and shall be inapplicable, each party having
     contributed or having had the opportunity to contribute to clarify any
     issue, and the parties hereto being joint authors hereof.

     IN WITNESS WHEREOF, the parties have executed this Agreement by their agent
duly authorized as of the date first above written.

              ANTS SOFTWARE INC.                          EMPLOYEE

         By:    /s/ Boyd Pearce                     By:   /s/ Francis K. Ruotolo
              ------------------------------------        ----------------------
              Boyd Pearce, Chief Executive Officer

   Address:   801 Mahler Road, Suite G         Address: 801 Mahler Road, Suite G
              Burlingame, CA 94010                      Burlingame, CA 94010Exhibit 10.1

                               ROGERS CORPORATION

                          2005 EQUITY COMPENSATION PLAN

SECTION 1. GENERAL PURPOSE OF THE PLAN; DEFINITIONS
           ----------------------------------------

         The name of the plan is the Rogers Corporation 2005 Equity Compensation
Plan (the "Plan"). The purpose of the Plan is to encourage and enable the
officers, employees, Non-Employee Directors and other key persons (including
consultants and prospective employees) of Rogers Corporation (the "Company") and
its Subsidiaries upon whose judgment, initiative and efforts the Company largely
depends for the successful conduct of its business to acquire a proprietary
interest in the Company. It is anticipated that providing such persons with a
direct stake in the Company's welfare will help assure a closer identification
of their interests with those of the Company, thereby stimulating their efforts
on the Company's behalf and strengthening their desire to remain with the
Company.

         The following terms shall be defined as set forth below:

         "Act" means the Securities Act of 1933, as amended, and the rules and
regulations thereunder.

         "Award" or "Awards," except where referring to a particular category of
grant under the Plan, shall include Incentive Stock Options, Non-Qualified Stock
Options, Stock Appreciation Rights, Deferred Stock Awards, Restricted Stock
Awards, Unrestricted Stock Awards and Dividend Equivalent Rights.

         "Board" means the Board of Directors of the Company.

         "Code" means the Internal Revenue Code of 1986, as amended, and any
successor thereto, and related rules, regulations and interpretations.

         "Committee" means the Compensation and Organization Committee of the
Board, or any successor committee thereto, provided that such committee consists
of not less than two Non-Employee Directors.

         "Covered Employee" means an employee who is a "Covered Employee" within
the meaning of Section 162(m) of the Code.

         "Deferred Stock Award" means Awards granted pursuant to Section 9.

         "Directors Deferred Compensation Plan" means the Rogers Corporation
Voluntary Deferred Compensation Plan for Non-Employee Directors, as amended from
time to time, or any successor plan thereto.

         "Disability" means (i) for purposes of Incentive Stock Options,
disability as set forth in Section 22(e)(3) of the Code, and (ii) for purposes
of all other Awards, any medically determinable physical or mental impairment
that the Committee determines generally qualified as a "disability" for purposes
of the employee benefits for which such individual is eligible.

<PAGE>

         "Dividend Equivalent Right" means Awards granted pursuant
to Section 12.

         "Effective Date" means the date on which the Plan is approved by
shareholders as set forth in Section 18.

         "Exchange Act" means the Securities Exchange Act of 1934, as amended,
and the rules and regulations thereunder.

         "Fair Market Value" of the Stock on any given date means the "last"
selling price, the price at "close," or such other equivalent reported price for
Stock (as hereinafter defined) on the business day immediately preceding that
particular given date in each case as quoted in the New York Stock Exchange
Composite Transactions in The Wall Street Journal newspaper; provided, however,
that if there are no such market quotations for such date, then as determined in
good faith by the Company.

         "Incentive Stock Option" means any Stock Option designated and
qualified as an "incentive stock option" as defined in Section 422 of the Code.

         "Non-Employee Director" means a member of the Board who is not also an
employee of the Company or any Subsidiary.

         "Non-Employee Director Stock Award" means any Award made pursuant to
Section 6.

         "Non-Qualified Stock Option" means any Stock Option that is not an
Incentive Stock Option.

         "Option" or "Stock Option" means any option to purchase shares of Stock
granted pursuant to Section 5.

         "Performance Cycle" means one or more periods of time, which may be of
varying and overlapping durations, as the Committee may select, over which the
attainment of one or more performance criteria will be measured for the purpose
of determining a grantee's right to and the payment of a Restricted Stock Award
or Deferred Stock Award.

         "Restricted Stock Award" means Awards granted pursuant to Section 8.

         "Retainer Payment Date" means the day in June and the day in December
of each calendar year that are designated by the Company as the dates upon which
is payable a portion of the annual retainer fee due to a Non-Employee Director
with respect to such calendar year; provided, however, that with respect to any
individual who ceases to be a Non-Employee Director, "Retainer Payment Date"
shall also mean the date designated by the Company on which is payable to such
individual the proportionate share of the retainer fee due to such individual
for his or her services as a Non-Employee Director since the later of the
Effective Date or the last Retainer Payment Date.

                                       2
<PAGE>

         "Retirement" means termination of employment with the Company or its
Subsidiaries that the Company determines generally qualifies as retirement for
purposes of the employee benefits for which such individual is eligible and
shall include, in the event such participant is eligible to participate in any
qualified defined benefit pension plan of the Company, retirement under any
qualified defined benefit pension plan of the Company (i.e., such individual
commences receipt of pension benefits under such qualified defined benefit
pension plan within 60 days of termination of employment).

         "Stock" means the common stock, par value $1.00 per share, of the
Company, subject to adjustments pursuant to Section 3.

         "Stock Appreciation Right" means any Award granted pursuant to Section
7.

         "Subsidiary" means any corporation or other entity (other than the
Company) in any unbroken chain of corporations or other entities, beginning with
the Company if each of the corporations or entities (other than the last
corporation or entity in the unbroken chain) owns stock or other interests
possessing 50% or more of the total combined voting power of all classes of
stock or other interests in one of the other corporations or entities in the
chain.

         "Unrestricted Stock Award" means any Award granted pursuant to Section
10.

         Except where otherwise indicated by the context, words in the masculine
shall include the feminine, the singular shall include the plural, and the
plural shall include the singular.

SECTION 2. ADMINISTRATION OF PLAN; COMMITTEE AUTHORITY TO SELECT GRANTEES AND
           DETERMINE AWARDS
           ------------------------------------------------------------------

     (a) Committee. The Plan shall be administered by the Committee.

     (b) Powers of the Committee. The Committee shall have the power and
authority to grant Awards consistent with the terms of the Plan, including the
power and authority:

          (i) to select the individuals to whom Awards may from time to time be
granted;

          (ii) to determine the time or times of grant, and the extent, if any,
of Incentive Stock Options, Non-Qualified Stock Options, Stock Appreciation
Rights, Restricted Stock Awards, Deferred Stock Awards, Unrestricted Stock
Awards and Dividend Equivalent Rights, or any combination of the foregoing,
granted to any one or more grantees;

          (iii) to determine the number of shares of Stock underlying any Award;

          (iv) to determine and, subject to the provisions of Section 15, modify
from time to time the terms and conditions, including restrictions, not
inconsistent with the terms of the Plan, of any Award, which terms and
conditions may differ among individual Awards and grantees, and to approve the
general form of written instruments evidencing the Awards;

                                       3
<PAGE>

          (v) to accelerate at any time the exercisability or vesting of all or
any portion of any Award;

          (vi) subject to the provisions of Section 5(a)(ii), to extend at any
time the period in which Stock Options may be exercised;

          (vii) to determine at any time whether, to what extent, and under what
circumstances distribution or the receipt of Stock and other amounts payable
with respect to an Award shall be deferred either automatically or at the
election of the grantee and whether and to what extent the Company shall pay or
credit amounts constituting interest (at rates determined by the Committee) or
dividends or deemed dividends on such deferrals; and

          (viii) at any time to adopt, alter and repeal such rules, guidelines
and practices for administration of the Plan and for its own acts and
proceedings as it shall deem advisable; to interpret the terms and provisions of
the Plan and any Award (including related written instruments); to make all
determinations it deems advisable for the administration of the Plan; to decide
all disputes arising in connection with the Plan; and to otherwise supervise the
administration of the Plan.

     All decisions and interpretations of the Committee shall be binding on all
persons, including the Company and Plan grantees.

     (c) Delegation of Authority to Grant Awards. The Committee, in its
discretion, may delegate to the Chief Executive Officer of the Company all or
part of the Committee's authority and duties with respect to the granting of
Awards, to individuals who are not subject to the reporting and other provisions
of Section 16 of the Exchange Act or Covered Employees. Any such delegation by
the Committee shall include a limitation as to the amount of Awards that may be
granted during the period of the delegation and shall contain guidelines as to
the determination of the exercise price of any Stock Option or Stock
Appreciation Right, the conversion ratio or price of other Awards and the
vesting criteria. The Committee may revoke or amend the terms of a delegation at
any time but such action shall not invalidate any prior actions of the
Committee's delegatee or delegatees that were consistent with the terms of the
Plan.

     (d) Indemnification. Neither the Board nor the Committee, nor any member of
either or any delegatee thereof (including any person signing on behalf of the
Company), shall be liable for any act, omission, interpretation, construction or
determination made in good faith in connection with the Plan, and the members of
the Board and the Committee (and any delegatee thereof) shall be entitled in all
cases to indemnification and reimbursement by the Company in respect of any
claim, loss, damage or expense (including, without limitation, reasonable
attorneys' fees) arising or resulting therefrom to the fullest extent permitted
by law and/or under any directors' and officers' liability insurance coverage
which may be in effect from time to time.

SECTION 3. STOCK ISSUABLE UNDER THE PLAN; MERGERS; SUBSTITUTION
           ----------------------------------------------------

     (a) Stock Issuable. The maximum number of shares of Stock reserved and
available for issuance under the Plan shall be 1,100,000 shares, subject to
adjustment as provided in Section 3(b). For purposes of this limitation, the
shares of Stock underlying any Awards that are forfeited, canceled, held back
upon exercise of an Option or settlement of an Award to cover the exercise price
or tax withholding, reacquired by the Company prior to vesting, satisfied
without the issuance of Stock or otherwise terminated (other than by exercise)
shall be added back to the shares of Stock available for issuance under the
Plan. Subject to such overall limitations, shares of Stock may be issued up to
such maximum number pursuant to any type or types of Award; provided, however,
that Stock Options or Stock Appreciation Rights with respect to no more than
80,000 shares of Stock may be granted to any one individual grantee during any
one calendar year period. The shares available for issuance under the Plan may
be (i) authorized shares of Stock that have never been issued, (ii) authorized
but unissued shares of Stock (formerly known as "treasury shares"), or (iii)
shares of Stock reacquired by the Company.

                                       4
<PAGE>

     (b) Changes in Stock. Subject to Section 3(c) hereof, if, as a result of
any reorganization, recapitalization, reclassification, stock dividend, stock
split, reverse stock split or other similar change in the Company's capital
stock, the outstanding shares of Stock are increased or decreased or are
exchanged for a different number or kind of shares or other securities of the
Company, or additional shares or new or different shares or other securities of
the Company or other non-cash assets are distributed with respect to such shares
of Stock or other securities, or, if, as a result of any merger or
consolidation, sale of all or substantially all of the assets of the Company,
the outstanding shares of Stock are converted into or exchanged for a different
number or kind of securities of the Company or any successor entity (or a parent
or subsidiary thereof), the Committee shall make an appropriate or proportionate
adjustment in (i) the maximum number of shares reserved for issuance under the
Plan, (ii) the number of Stock Options or Stock Appreciation Rights that can be
granted to any one individual grantee and the maximum number of shares that may
be granted under a Performance-based Award (as hereinafter defined), (iii) the
number and kind of shares or other securities subject to any then outstanding
Awards, (iv) the repurchase price, if any, per share subject to each outstanding
Restricted Stock Award, (v) the number of Stock Options automatically granted to
Non-Employee Directors, and (vi) the price for each share subject to any then
outstanding Stock Options and Stock Appreciation Rights under the Plan, without
changing the aggregate exercise price (i.e., the exercise price multiplied by
the number of Stock Options and Stock Appreciation Rights, subject to de minimis
rounding) as to which such Stock Options and Stock Appreciation Rights remain
exercisable. The adjustment by the Committee shall be final, binding and
conclusive. No fractional shares of Stock shall be issued under the Plan
resulting from any such adjustment, but the Committee in its discretion may make
a cash payment in lieu of fractional shares, or round such amounts as it deems
appropriate.

     The Committee may also adjust the number of shares subject to outstanding
Awards and the exercise price and the terms of outstanding Awards to take into
consideration material changes in accounting practices or principles,
extraordinary dividends, acquisitions or dispositions of stock or property or
any other event if it is determined by the Committee that such adjustment is
appropriate to avoid distortion in the operation of the Plan, provided that no
such adjustment shall be made in the case of an Incentive Stock Option, without
the consent of the grantee, if it would constitute a modification, extension or
renewal of the Option within the meaning of Section 424(h) of the Code.

                                       5
<PAGE>

     (c) Mergers and Other Transactions. In the case of and subject to the
consummation of (i) the dissolution or liquidation of the Company, (ii) the sale
of all or substantially all of the assets of the Company on a consolidated basis
to an unrelated person or entity, (iii) a merger, reorganization or
consolidation in which the outstanding shares of Stock are converted into or
exchanged for a different kind of securities of the successor entity and the
holders of the Company's outstanding voting power immediately prior to such
transaction do not own a majority of the outstanding voting power of the
successor entity immediately upon completion of such transaction, or (iv) the
sale of all of the Stock of the Company to an unrelated person or entity (in
each case, a "Sale Event"), all Options and Stock Appreciation Rights that are
not exercisable immediately prior to the effective time of the Sale Event shall
become fully exercisable as of the effective time of the Sale Event and all
other Awards shall become fully vested and nonforfeitable as of the effective
time of the Sale Event, except as the Committee may otherwise specify with
respect to particular Awards in the relevant Award documentation. Upon the
effective time of the Sale Event, the Plan and all outstanding Awards granted
hereunder shall terminate, unless provision is made in connection with the Sale
Event in the sole discretion of the parties thereto for the assumption or
continuation of Awards theretofore granted by the successor entity, or the
substitution of such Awards with new Awards of the successor entity or parent
thereof, with appropriate adjustment as to the number and kind of shares and, if
appropriate, the per share exercise prices, as such parties shall agree (after
taking into account any acceleration hereunder). In the event of such
termination, each grantee shall be permitted, within a specified period of time
prior to the consummation of the Sale Event as determined by the Committee, to
exercise all outstanding Options and Stock Appreciation Rights held by such
grantee, including those that will become exercisable upon the consummation of
the Sale Event; provided, however, that the exercise of Options and Stock
Appreciation Rights not exercisable prior to the Sale Event shall be subject to
the consummation of the Sale Event.

     Notwithstanding anything to the contrary in this Section 3(c), in the event
of a Sale Event pursuant to which holders of the Stock of the Company will
receive upon consummation thereof a cash payment for each share surrendered in
the Sale Event, the Company shall have the right, but not the obligation, to
make or provide for a cash payment to the grantees holding Options and Stock
Appreciation Rights, in exchange for the cancellation thereof, in an amount
equal to the difference between (A) the value as determined by the Committee of
the consideration payable per share of Stock pursuant to the Sale Event (the
"Sale Price") times the number of shares of Stock subject to outstanding Options
and Stock Appreciation Rights (to the extent then exercisable at prices not in
excess of the Sale Price) and (B) the aggregate exercise price of such
outstanding Options and Stock Appreciation Rights.

SECTION 4. ELIGIBILITY
           -----------

     Grantees under the Plan will be such full or part-time officers and other
full or part-time employees and key persons (including consultants and
prospective employees) of the Company and its Subsidiaries as are selected from
time to time by the Committee in its sole discretion. Non-Employee Directors are
also eligible to participate in the Plan, but only to the extent provided in
Sections 5(b) and 6 below.

SECTION 5. STOCK OPTIONS
           -------------

     Any Stock Option granted under the Plan shall be in such general form as
the Committee may from time to time approve.

                                        6
<PAGE>

     Stock Options granted under the Plan may be either Incentive Stock Options
or Non-Qualified Stock Options. Incentive Stock Options may be granted only to
employees of the Company or any Subsidiary that is a "subsidiary corporation"
within the meaning of Section 424(f) of the Code. To the extent that any Option
does not qualify as an Incentive Stock Option, it shall be deemed a
Non-Qualified Stock Option.

     (a) Stock Options Granted to Officers, Employees and Other Key Persons. The
Committee in its discretion may grant Stock Options to eligible officers,
employees and other key persons of the Company or any Subsidiary. Stock Options
granted pursuant to this Section 5(a) shall be subject to the following terms
and conditions and shall contain such additional terms and conditions, not
inconsistent with the terms of the Plan, as the Committee shall deem desirable.
If the Committee so determines, Stock Options may be granted in lieu of cash
compensation at the optionee's election, subject to such terms and conditions as
the Committee may establish.

               (i) Exercise Price. The exercise price per share for the Stock
covered by a Stock Option granted pursuant to this Section 5(a) shall be
determined by the Committee at the time of grant but shall not be less than 100
% of the Fair Market Value as of the date of grant. If an employee owns or is
deemed to own (by reason of the attribution rules of Section 424(d) of the Code)
more than 10 % of the combined voting power of all classes of stock of the
Company or any parent or subsidiary corporation and an Incentive Stock Option is
granted to such employee, the option price of such Incentive Stock Option shall
be not less than 110 % of the Fair Market Value as of the grant date.

               (ii) Option Term. The term of each Stock Option shall be fixed by
the Committee, but no Stock Option shall be exercisable more than 10 years after
the date the Stock Option is granted. If an employee owns or is deemed to own
(by reason of the attribution rules of Section 424(d) of the Code) more than 10
% of the combined voting power of all classes of stock of the Company or any
parent or subsidiary corporation and an Incentive Stock Option is granted to
such employee, the term of such Stock Option shall be no more than five years
from the date of grant.

               (iii) Exercisability; Rights of a Shareholder. Stock Options
shall become exercisable at such time or times, whether or not in installments,
as shall be determined by the Committee at or after the grant date. The
Committee may at any time accelerate the exercisability of all or any portion of
any Stock Option. An optionee shall have the rights of a shareholder only as to
shares acquired upon the exercise of a Stock Option and not as to unexercised
Stock Options. Except as provided in Section 3(b), no adjustment shall be made
for dividends or other rights, the record date for which is prior to the date of
issuance of the Stock that evidences the shares acquired by an optionee.

               (iv) Method of Exercise. Stock Options may be exercised in whole
or in part, by giving an acceptable notice of exercise to the Company,
specifying the number of shares to be acquired, together with payment of the
exercise price. Payment of the exercise price may be made by one or more of the
following methods to the extent provided in the Option Award agreement:

                                        7
<PAGE>

               (A) In cash, by certified or bank check or other instrument
          acceptable to the Company;

               (B) Through the delivery (or attestation to the ownership) of
          shares of Stock that have been purchased by the optionee on the open
          market or that have been beneficially owned by the optionee for at
          least six months and are not then subject to restrictions under any
          Company plan. Such surrendered shares shall be valued at Fair Market
          Value on the exercise date; or

               (C) By the optionee delivering to the Company irrevocable
          instructions to a broker to promptly deliver to the Company cash or a
          certified or bank check payable or other instrument acceptable to the
          Company for the exercise price; provided that in the event the
          optionee chooses to pay the exercise price as so provided, the
          optionee and the broker shall comply with such procedures and enter
          into such agreements of indemnity and other agreements as the Company
          shall prescribe as a condition of such payment procedure.

Payment instruments will be received subject to collection. The delivery of
shares of Stock to be acquired pursuant to the exercise of a Stock Option will
be contingent upon receipt from the optionee (or a purchaser acting in his or
her stead in accordance with the provisions of the Stock Option) by the Company
of the full exercise price for such shares and the fulfillment of any other
requirements contained in the Option Award agreement or applicable provisions of
laws. In the event an optionee chooses to pay the exercise price by
previously-owned shares of Stock through the attestation method, the number of
shares of Stock transferred to the optionee upon the exercise of the Stock
Option shall be net of the number of shares attested to.

               (v) Annual Limit on Incentive Stock Options. To the extent
required for "incentive stock option" treatment under Section 422 of the Code,
the aggregate Fair Market Value (determined as of the time of grant) of the
shares of Stock with respect to which Incentive Stock Options granted under this
Plan and any other plan of the Company or its parent and subsidiary corporations
become exercisable for the first time by an optionee during any calendar year
shall not exceed $100,000. To the extent that any Stock Option exceeds this
limit, it shall constitute a Non-Qualified Stock Option.

     (b) Stock Options Granted to Non-Employee Directors.
         ------------------------------------------------

          (i) Automatic Grant of Options. Each Non-Employee Director shall
automatically be granted, as of each Retainer Payment Date, beginning with the
Retainer Payment Date of June, 2005, a Non-Qualified Stock Option to purchase
2,250 shares of Stock (or, with respect to any individual who has become or
ceased to be a Non-Employee Director since the last Retainer Payment Date, an
amount equal to a prorated portion of 2,250 shares as determined on an equitable
basis by the Company (the "Partial Retainer")). Notwithstanding anything herein
to the contrary, the Board may from time to time increase and/or decrease the
number of shares set forth in the preceding sentence. The exercise price per
share for the Stock covered by a Stock Option granted to a Non-Employee Director
under this Section 5(b) shall be equal to the Fair Market Value of the Stock as
of the date the Stock Option is granted.

                                       8
<PAGE>

          (ii) Exercise; Termination. Each Option granted under Section 5(b) is
immediately exercisable as of the date of grant by the Non-Employee Director to
whom it is granted (or, in the case of the death of the Non-Employee Director,
his or her beneficiary and may be exercisable by the Non-Employee Director (or,
in the case of the death of the Non-Employee Director, his or her beneficiary)
at any time until the tenth anniversary of the date such Option is granted
regardless of whether the Non-Employee Director continues to be a member of the
Board. Except as specifically provided for in this Section 5(b), Options granted
under this Section 5(b) shall be subject to the same terms and conditions as are
generally applicable to Non-Qualified Stock Options granted under the Plan.

          (iii) Limited to Non-Employee Directors. The provisions of this
Section 5(b) shall apply only to Options granted or to be granted to
Non-Employee Directors, and shall not be deemed to modify, limit or otherwise
apply to any other provision of this Plan or to any Option issued under this
Plan to a participant who is not a Non-Employee Director. To the extent
inconsistent with the provisions of any other Section of this Plan, the
provisions of this Section 5(b) shall govern the rights and obligations of the
Company and Non-Employee Directors respecting Options granted or to be granted
to Non-Employee Directors.

     (c) Non-transferability of Options. All Stock Options shall be exercisable,
during the optionee's lifetime, only by the optionee, or by the optionee's legal
representative. Notwithstanding the foregoing, the Committee, in its sole
discretion, may provide in the Award agreement regarding a given Option that the
optionee may transfer his or her Non-Qualified Stock Options to members of his
or her immediate family, to trusts for the benefit of such family members, or to
partnerships in which such family members are the only partners, provided that
the transferee agrees in writing with the Company to be bound by all of the
terms and conditions of this Plan and the applicable Option.

SECTION 6. NON-EMPLOYEE DIRECTOR STOCK AWARDS
           ----------------------------------

     (a) Stock Awards.

          (i) Annual Retainer. Subject to Section 6(b) below, each Non-Employee
Director shall be granted, as of each Retainer Payment Date, shares of Stock
free of any restrictions (except as otherwise provided in the Plan) in lieu of
all of the annual retainer fee due to such Non-Employee Director on such
Retainer Payment Date.

          (ii) Meeting Fees. Subject to Section 6(b) below, each Non-Employee
Director shall have the right to elect to receive, in lieu of all or a portion
of the meeting fees due to such Non-Employee Director, a grant of shares of
Stock free of any restrictions (except as otherwise provided in the Plan).

Each Award granted under this Section 6(a) shall be for the number of shares of
Stock obtained by dividing the applicable dollar amount by the Fair Market Value
per share of Stock as of the meeting date, in all cases rounded up to the next
higher whole number of shares.

     (b) Deferral of Awards. Each Non-Employee Director who is entitled to an
Award under Section 6(a) above will have the right to elect to defer up to 100%
of such Award in accordance with the rules and procedures of the Directors
Deferred Compensation Plan. Dividends, if any, which would have been paid on any
Stock so deferred, but for such deferral, will be payable to the Non-Employee
Director in accordance with the provisions of the Directors Deferred
Compensation Plan.

                                       9
<PAGE>

SECTION 7. STOCK APPRECIATION RIGHTS
           -------------------------

     (a) Nature of Stock Appreciation Rights. A Stock Appreciation Right is an
Award entitling the recipient to receive an amount in whole shares of Stock
(rounded as the Company deems appropriate in its sole discretion) having a value
equal to the excess of the Fair Market Value of the Stock on the date of
exercise over the exercise price of the Stock Appreciation Right, which price
shall not be less than 100 % of the Fair Market Value of the Stock as of the
date of grant multiplied by the number of shares of Stock with respect to which
the Stock Appreciation Right shall have been exercised.

     (b) Grant and Exercise of Stock Appreciation Rights. Stock Appreciation
Rights may be granted by the Committee in tandem with, or independently of, any
Stock Option granted pursuant to Section 5 of the Plan. In the case of a Stock
Appreciation Right granted in tandem with a Non-Qualified Stock Option, such
Stock Appreciation Right may be granted either at or after the time of the grant
of such Option. In the case of a Stock Appreciation Right granted in tandem with
an Incentive Stock Option, such Stock Appreciation Right may be granted only at
the time of the grant of the Option.

         A Stock Appreciation Right or applicable portion thereof granted in
tandem with a Stock Option shall terminate and no longer be exercisable upon the
termination or exercise of the related tandem Option.

     (c) Terms and Conditions of Stock Appreciation Rights. Stock Appreciation
Rights shall be subject to such terms and conditions as shall be determined from
time to time by the Committee, subject to the following:

          (i) Stock Appreciation Rights granted in tandem with Options shall be
exercisable at such time or times and to the extent that the related Stock
Options shall be exercisable.

          (ii) Upon exercise of a Stock Appreciation Right, the applicable
portion of any related Option shall be surrendered.

          (iii) All Stock Appreciation Rights shall be exercisable during the
grantee's lifetime only by the grantee or the grantee's legal representative.

SECTION 8. RESTRICTED STOCK AWARDS
           -----------------------

     (a) Nature of Restricted Stock Awards. A Restricted Stock Award is an Award
entitling the recipient to acquire, at such purchase price (which may be zero)
as determined by the Committee, shares of Stock subject to such restrictions and
conditions as the Committee may determine at the time of grant ("Restricted
Stock"). Conditions may be based on continuing employment (or other service
relationship) and/or achievement of pre-established performance goals and
objectives. The terms and conditions of each such agreement shall be determined
by the Committee, and such terms and conditions may differ among individual
Awards and grantees.

                                       10
<PAGE>

     (b) Rights as a Shareholder. Upon execution of a written instrument setting
forth the Restricted Stock Award and payment of any applicable purchase price, a
grantee shall have the rights of a shareholder with respect to the voting of the
Restricted Stock, subject to such conditions contained in the written instrument
evidencing the Restricted Stock Award. Unless the Committee shall otherwise
determine, (i) uncertificated Restricted Stock shall be accompanied by a
notation on the records of the Company or the transfer agent to the effect that
it is subject to forfeiture until such Restricted Stock is vested as provided in
Section 8(d) below, and (ii) certificated Restricted Stock shall remain in the
possession of the Company until such Restricted Stock is vested as provided in
Section 8(d) below, and the grantee shall be required, as a condition of the
grant, to deliver to the Company such instruments of transfer as the Committee
may prescribe.

     (c) Restrictions. Restricted Stock may not be sold, assigned, transferred,
pledged or otherwise encumbered or disposed of except as specifically provided
herein or in the Restricted Stock Award agreement.

     (d) Vesting of Restricted Stock. The Committee at the time of grant shall
specify the date or dates and/or the attainment of pre-established performance
goals, objectives and other conditions on which the non-transferability of the
Restricted Stock and the Company's right of repurchase, or the grantee's risk of
forfeiture, shall lapse. Notwithstanding the foregoing, in the event that any
such Restricted Stock shall have a performance-based goal, the restriction
period with respect to such shares shall not be less than one year, and in the
event any such Restricted Stock shall have a time-based restriction, the
restriction period with respect to such shares shall not be less than three
years. Subsequent to such date or dates and/or the attainment of such
pre-established performance goals, objectives and other conditions, the shares
on which all restrictions have lapsed shall no longer be Restricted Stock and
shall be deemed "vested." Except as may otherwise be provided by the Committee
either in the Award agreement or, subject to Section 15 below, in writing after
the Award agreement is issued, a grantee's rights in any shares of Restricted
Stock that have not vested shall automatically terminate upon the grantee's
termination of employment (or other service relationship) with the Company and
its Subsidiaries and such shares shall be subject to the provisions of Section
8(c) above.

SECTION 9. DEFERRED STOCK AWARDS
           ---------------------

     (a) Nature of Deferred Stock Awards. A Deferred Stock Award is an Award of
phantom stock units to a grantee, subject to restrictions and conditions as the
Committee may determine at the time of grant. Conditions may be based on
continuing employment (or other service relationship) and/or achievement of
pre-established performance goals and objectives. The grant of a Deferred Stock
Award is contingent on the grantee executing the Deferred Stock Award agreement.
The terms and conditions of each such agreement shall be determined by the
Committee, and such terms and conditions may differ among individual Awards and
grantees. Notwithstanding the foregoing, in the event that any such Deferred
Stock Award shall have a performance-based goal, the restriction period with
respect to such award shall not be less than one year, and in the event any such
Deferred Stock Award shall have a time-based restriction, the restriction period
with respect to such award shall not be less than three years. At the end of the
deferral period, the Deferred Stock Award, to the extent vested, shall be paid
to the grantee in the form of shares of Stock.

                                       11
<PAGE>

     (b) Election to Receive Deferred Stock Awards in Lieu of Compensation. The
Committee may, in its sole discretion, permit a grantee to elect to receive a
portion of the cash compensation or Restricted Stock Award otherwise due to such
grantee in the form of a Deferred Stock Award. Any such election shall be made
in writing and shall be delivered to the Company no later than the date
specified by the Committee and in accordance with rules and procedures
established by the Committee. The Committee shall have the sole right to
determine whether and under what circumstances to permit such elections and to
impose such limitations and other terms and conditions thereon as the Committee
deems appropriate.

     (c) Rights as a Shareholder. During the deferral period, a grantee shall
have no rights as a shareholder; provided, however, that the grantee may be
credited with Dividend Equivalent Rights with respect to the phantom stock units
underlying his or her Deferred Stock Award, subject to such terms and conditions
as the Committee may determine.

     (d) Restrictions. A Deferred Stock Award may not be sold, assigned,
transferred, pledged or otherwise encumbered or disposed of during the deferral
period.

     (e) Termination. Except as may otherwise be provided by the Committee
either in the Award agreement or, subject to Section 15 below, in writing after
the Award agreement is issued, a grantee's right in all Deferred Stock Awards
that have not vested shall automatically terminate upon the grantee's
termination of employment (or cessation of service relationship) with the
Company and its Subsidiaries for any reason.

SECTION 10. UNRESTRICTED STOCK AWARDS
            -------------------------

     Grant or Sale of Unrestricted Stock. The Committee may, in its sole
discretion, grant (or sell at par value or such higher purchase price determined
by the Committee) an Unrestricted Stock Award to any grantee pursuant to which
such grantee may receive shares of Stock free of any restrictions ("Unrestricted
Stock") under the Plan. Unrestricted Stock Awards may be granted in respect of
past services or other valid consideration, or in lieu of cash compensation due
to such grantee.

SECTION 11. PERFORMANCE-BASED AWARDS TO COVERED EMPLOYEES
            ---------------------------------------------

     Notwithstanding anything to the contrary contained herein, if any
Restricted Stock Award or Deferred Stock Award granted to a Covered Employee is
intended to qualify as "Performance-based Compensation" under Section 162(m) of
the Code and the regulations promulgated thereunder (a "Performance-based
Award"), such Award shall comply with the provisions set forth below:

     (a) Performance Criteria. The performance criteria used in performance
goals governing Performance-based Awards granted to Covered Employees may
include any or all of the following: (i) the Company's return on equity, assets,
capital or investment; (ii) pre-tax or after-tax profit levels of the Company or
any Subsidiary, a division, an operating unit or a business segment of the
Company, or any combination of the foregoing; (iii) cash flow, funds from
operations or similar measure; (iv) total shareholder return; (v) changes in the
market price of the Stock; (vi) sales or market share; or (vii) earnings per
share.

                                       12
<PAGE>

     (b) Grant of Performance-based Awards. With respect to each
Performance-based Award granted to a Covered Employee, the Committee shall
select, within the first 90 days of a Performance Cycle (or, if shorter, within
the maximum period allowed under Section 162(m) of the Code) the performance
criteria for such grant, and the achievement targets with respect to each
performance criterion (including a threshold level of performance below which no
amount will become payable with respect to such Award). Each Performance-based
Award will specify the amount payable, or the formula for determining the amount
payable, upon achievement of the various applicable performance targets. The
performance criteria established by the Committee may be (but need not be)
different for each Performance Cycle and different goals may be applicable to
Performance-based Awards to different Covered Employees.

     (c) Payment of Performance-based Awards. Following the completion of a
Performance Cycle, the Committee shall meet to review and certify in writing
whether, and to what extent, the performance criteria for the Performance Cycle
have been achieved and, if so, to also calculate and certify in writing the
amount of the Performance-based Awards earned for the Performance Cycle. The
Committee shall then determine the actual size of each Covered Employee's
Performance-based Award, and, in doing so, may reduce or eliminate the amount of
the Performance-based Award for a Covered Employee if, in its sole judgment,
such reduction or elimination is appropriate.

     (d) Maximum Award Payable. The maximum Performance-based Award payable to
any one Covered Employee under the Plan for a Performance Cycle is 80,000 Shares
(subject to adjustment as provided in Section 3(b) hereof).

SECTION 12. DIVIDEND EQUIVALENT RIGHTS
            --------------------------

     (a) Dividend Equivalent Rights. A Dividend Equivalent Right is an Award
entitling the grantee to receive credits based on cash dividends that would have
been paid on the shares of Stock specified in the Dividend Equivalent Right (or
other award to which it relates) if such shares had been issued to and held by
the grantee. A Dividend Equivalent Right may be granted hereunder to any grantee
as a component of another Award or as a freestanding award. The terms and
conditions of Dividend Equivalent Rights shall be specified in the Award
agreement. Dividend equivalents credited to the holder of a Dividend Equivalent
Right may be paid currently or may be deemed to be reinvested in additional
shares of Stock, which may thereafter accrue additional equivalents. Any such
reinvestment shall be at Fair Market Value on the date of reinvestment or such
other price as may then apply under a dividend reinvestment plan sponsored by
the Company, if any. Dividend Equivalent Rights may be settled in cash or shares
of Stock or a combination thereof, in a single installment or installments. A
Dividend Equivalent Right granted as a component of another Award may provide
that such Dividend Equivalent Right shall be settled upon exercise, settlement,
or payment of, or lapse of restrictions on, such other award, and that such
Dividend Equivalent Right shall expire or be forfeited or annulled under the
same conditions as such other Award. A Dividend Equivalent Right granted as a
component of another Award may also contain terms and conditions different from
such other Award.

                                       13
<PAGE>

     (b) Termination. Except as may otherwise be provided by the Committee
either in the Award agreement or, subject to Section 15 below, in writing after
the Award agreement is issued, a grantee's rights in all Dividend Equivalent
Rights or interest equivalents granted as a component of another Award that has
not vested shall automatically terminate upon the grantee's termination of
employment (or cessation of service relationship) with the Company and its
Subsidiaries for any reason.

SECTION 13. TAX WITHHOLDING
            ---------------

     (a) Payment by Grantee. Each grantee shall, no later than the date as of
which the value of an Award or of any Stock or other amounts received thereunder
first becomes includable in the gross income of the grantee for United States
Federal income tax purposes, pay to the Company, or make arrangements
satisfactory to the Company regarding payment of, any United States Federal,
state, or local taxes of any kind required by law to be withheld with respect to
such income. The Company and its Subsidiaries shall, to the extent permitted by
law, have the right to deduct any such taxes from any payment of any kind
otherwise due to the grantee (or a grantee's beneficiaries, as the case may be).
The Company's obligation to deliver stock to any grantee is subject to and
conditioned on tax obligations being satisfied by the grantee.

     (b) Payment in Stock. Subject to approval from time to time by the Board or
the Committee, a grantee may elect to have the minimum required tax withholding
obligation satisfied, in whole or in part, by (i) authorizing the Company to
withhold from shares of Stock to be issued pursuant to any Award a number of
shares with an aggregate Fair Market Value (as of the date the withholding is
effected) that would satisfy the withholding amount due, or (ii) transferring to
the Company shares of Stock owned by the grantee with an aggregate Fair Market
Value (as of the date the withholding is effected) that would satisfy the
withholding amount due.

SECTION 14. TRANSFER, LEAVE OF ABSENCE, ETC.
            --------------------------------

     For purposes of the Plan, the following events shall not be deemed a
termination of employment:

     (a) a transfer to the employment of the Company from a Subsidiary or from
the Company to a Subsidiary, or from one Subsidiary to another; or

     (b) an approved leave of absence for military service or sickness, or for
any other purpose approved by the Company, if the employee's right to
re-employment is guaranteed either by a statute or by contract or under the
policy pursuant to which the leave of absence was granted or if the Committee
otherwise so provides in writing.

SECTION 15. AMENDMENTS AND TERMINATION
            --------------------------

     The Board may, at any time, amend or discontinue the Plan and the Committee
may, at any time, amend or cancel any outstanding Award for the purpose of
satisfying changes in law or for any other lawful purpose, but no such action
shall adversely affect rights under any outstanding Award without the holder's
consent. Except as provided in Section 3(b) or 3(c), in no event may the
Committee exercise its discretion to reduce the exercise price of outstanding
Stock Options or effect repricing through cancellation and re-grants. Any
material Plan amendments (other than amendments that curtail the scope of the
Plan), including any Plan amendments that: (i) increase the number of shares
reserved for issuance under the Plan; (ii) expand the type of Awards available,
materially expand the eligibility to participate or materially extend the term
of the Plan; or (iii) materially change the method of determining Fair Market
Value, shall be subject to approval by the shareholders of the Company entitled
to vote at a meeting of shareholders. In addition, to the extent determined by
the Committee to be required by the Code to ensure that Incentive Stock Options
granted under the Plan are qualified under Section 422 of the Code or to ensure
that compensation earned under Awards qualifies as performance-based
compensation under Section 162(m) of the Code, Plan amendments shall be subject
to approval by the Company shareholders entitled to vote at a meeting of
shareholders. Nothing in this Section 15 shall limit the Committee's authority
to take any action permitted pursuant to Section 3(b) or 3(c).

                                       14
<PAGE>

SECTION 16. STATUS OF PLAN
            --------------

         With respect to the portion of any Award that has not been exercised
and any payments in cash, Stock or other consideration not received by a
grantee, a grantee shall have no rights greater than those of a general creditor
of the Company unless the Committee shall otherwise expressly determine in
connection with any Award or Awards. In its sole discretion, the Committee may
authorize the creation of trusts or other arrangements to meet the Company's
obligations to deliver Stock or make payments with respect to Awards hereunder,
provided that the existence of such trusts or other arrangements is consistent
with the foregoing sentence.

SECTION 17. GENERAL PROVISIONS
            ------------------

     (a) No Distribution; Compliance with Legal Requirements. The Committee may
require each person acquiring Stock pursuant to an Award to represent to and
agree with the Company in writing that such person is acquiring the shares
without a view to distribution thereof for purposes of the United States Federal
securities laws.

     No shares of Stock shall be issued pursuant to an Award until all
applicable securities law and other legal and stock exchange or similar
requirements have been satisfied. The Committee may require the placing of such
stop-orders and restrictive legends on certificates for Stock and Awards as it
deems appropriate.

     (b) Delivery of Stock. Stock certificates to grantees under this Plan shall
be deemed delivered for all purposes when the Company or a stock transfer agent
of the Company shall have either mailed such certificates in the United States
mail or sent such certificates by means of an overnight delivery or other
similar service, addressed to the grantee, at the grantee's last known address
on file with the Company. Uncertificated Stock shall be deemed delivered for all
purposes when the Company or a Stock transfer agent of the Company shall have
given to the grantee notice, addressed to the grantee, at the grantee's last
known address on file with the Company, of issuance and recorded the issuance in
its records (which may include electronic "book entry" records).

                                       15
<PAGE>

     (c) Other Compensation Arrangements; No Employment Rights. Nothing
contained in this Plan shall prevent the Board from adopting other or additional
compensation arrangements, including trusts, and such arrangements may be either
generally applicable or applicable only in specific cases. The adoption of this
Plan and the grant of Awards do not confer upon any employee any right to
continued employment with the Company or any Subsidiary.

     (d) Trading Policy Restrictions. Option exercises and other Awards under
the Plan shall be subject to such Company's insider trading policy and
procedures, as in effect from time to time.

     (e) Designation of Beneficiary. Each grantee to whom an Award has been made
under the Plan may designate a beneficiary or beneficiaries to exercise any
Award or receive any payment under any Award payable on or after the grantee's
death. Any such designation shall be on a form provided for that purpose by the
Company and shall not be effective until received by the Company. If no
beneficiary has been designated by a deceased grantee, or if the designated
beneficiaries have predeceased the grantee, the beneficiary shall be the
grantee's estate.

SECTION 18. EFFECTIVE DATE OF PLAN
            ----------------------

     This Plan shall become effective upon approval by the holders of a majority
of the votes cast at a meeting of shareholders at which a quorum is present.
Subject to such approval by the shareholders and to the requirement that no
Stock may be issued hereunder prior to such approval, Stock Options and other
Awards may be granted hereunder on and after adoption of this Plan by the Board.
No grants of Incentive Stock Options may be made hereunder after the tenth
(10th) anniversary of the date the Plan is approved by the Board.

SECTION 19. GOVERNING LAW
            -------------

     This Plan and all Awards and actions taken thereunder shall be governed by,
and construed in accordance with, the laws of the Commonwealth of Massachusetts,
applied without regard to conflict of law principles.

DATE APPROVED BY THE BOARD OF DIRECTORS:  February 17, 2005

DATE APPROVED BY SHAREHOLDERS:  April 28, 2005

                                       16

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00083-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00083-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00083-of-00352.parquet"}]]