Document:

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                                                            Exhibit 10.30

                            VSOURCE, INC.

                       STOCK OPTION AGREEMENT

RECITALS

A. The Board has adopted the Plan for the purpose of retaining the services of
selected Employees, non-employee members of the Board or the board of directors
of any Parent or Subsidiary and consultants and other independent advisors in
the service of the Corporation (or any Parent or Subsidiary).

B. Optionee is to render valuable services to the Corporation (or a Parent or
Subsidiary), and this Agreement is executed pursuant to, and is intended to
carry out the purposes of, the Plan in connection with the Corporation's grant
of an option to Optionee.

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

     NOW, THEREFORE, it is hereby agreed as follows:

     1. Grant of Option. The Corporation hereby grants to Optionee, as of the
Grant Date, an option to purchase up to the number of Option Shares specified in
the Grant Notice. The Option Shares shall be purchasable from time to time
during the option term specified in Paragraph 2 at the Exercise Price.

     2. Option Term. This option shall have a term of 10 years measured from the
Grant Date and shall accordingly expire at the close of business on the
Expiration Date, unless sooner terminated in accordance with Paragraphs 5 or 6.

     3. Limited Transferability.

        (a) This option shall be neither transferable nor assignable by Optionee
other than by will or the applicable laws of inheritance following Optionee's
death and may be exercised, during Optionee's lifetime, only by Optionee.
However, Optionee may designate one or more persons as the beneficiary or
beneficiaries of this option, and this option shall, in accordance with such
designation, automatically be transferred to such beneficiary or beneficiaries
upon the Optionee's death. Such beneficiary or beneficiaries shall take the
transferred option subject to all the terms and conditions of this Agreement,
including (without limitation) the limited time period during which this option
may, pursuant to Paragraph 5, be exercised following Optionee's death.

        (b) If this option is designated a Non-Statutory Option in the Grant
Notice, then this option may be assigned in whole or in part during Optionee's
lifetime to one or more members of Optionee's family or to a trust established
for the exclusive benefit of one or more such family members or to an Optionee's
former spouse, to the extent such assignment is in connection with the
Optionee's estate plan or pursuant to a domestic relations order. The assigned
portion of a Non-Statutory Option may only be exercised by the person or persons
who acquire a proprietary interest in such Non-Statutory Option pursuant to such
assignment. The terms applicable to the assigned portion of a Non-Statutory
Option shall be the same as those in effect for this option immediately prior to
such assignment.

     4. Dates of Exercise. This option shall become exercisable for the Option
Shares in one or more installments as specified in the Grant Notice. As the
option becomes exercisable with respect to such installments, those installments
shall accumulate, and the option shall remain exercisable for the accumulated
installments until the Expiration Date or sooner termination of the option term
under Paragraph 5 or 6.

     5. Cessation of Service. The option term specified in Paragraph 2 shall
terminate (and this option shall cease to be outstanding) prior to the
Expiration Date should any of the following provisions become applicable:

        (a) Should Optionee cease to remain in Service for any reason (other
than death, Disability or Misconduct) while holding this option, then Optionee
shall have a period of three months (commencing with the date of such cessation
of Service) during which to exercise this option. Upon such cessation of
Service, the option shall immediately terminate and cease to be outstanding with
respect to any and all option shares which are not, at the time, exercisable or
otherwise vested. In no event shall this option be exercisable at any time after
the Expiration Date.

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        (b) Should Optionee die while holding this option, the vesting of such
option will thereupon accelerate and all of the unvested option shares subject
thereto will immediately vest and become exercisable. The personal
representative of Optionee's estate or the person or persons to whom the option
is transferred pursuant to Optionee's will or the applicable laws of inheritance
shall have the right to exercise this option. However, if Optionee has
designated one or more beneficiaries of this option, then those persons shall
have the exclusive right to exercise this option following Optionee's death. Any
such right to exercise this option shall lapse, and this option shall cease to
be outstanding, upon the earlier of (i) the expiration of a period of 12 months
following the date of Optionee's death or (ii) the Expiration Date.

        (c) Should Optionee cease Service by reason of Disability while holding
this option, the vesting of such option will thereupon accelerate and all of the
unvested option shares subject thereto will immediately vest and become
exercisable. The Optionee shall have a period of 12 months (commencing with the
date of such termination of Service) during which to exercise this option. In no
event shall this option be exercisable at any time after the Expiration Date.

        Note: Exercise of this option on a date later than three months
        following cessation of Service due to Disability will result in loss of
        favorable Incentive Option treatment, unless such Disability constitutes
        Permanent Disability. In the event that Incentive Option treatment is
        not available, this option will be taxed as a Non-Statutory Option upon
        exercise.

        (d) Upon the expiration of the post-Service exercise periods set forth
above, or (if earlier) upon the Expiration Date, this option shall terminate and
cease to be outstanding for any vested Option Shares for which the option has
not been exercised.

        (e) Should Optionee's Service be terminated for Misconduct or should
Optionee otherwise engage in Misconduct while holding one or more outstanding
options under the Plan, then all options held by such Optionee (whether or not
vested) shall terminate immediately and cease to remain outstanding.

     6. Accelerated Vesting.

        (a) In the event of a Corporate Transaction in which the successor
corporation or parent thereof, in the Corporate Transaction (the "Successor
Corporation") does not assume this option or substitute new options therefor,
notwithstanding any other provision in this Plan to the contrary, the vesting of
this option will accelerate and all of the unvested Option Shares subject
thereto will vest and become exercisable, prior to the consummation of such
Corporate Transaction, at such times and subject to such terms and conditions as
the Plan Administrator shall determine. If this option is not exercised prior to
the consummation of the Corporate Transaction, it shall terminate upon such
consummation in accordance with the provisions of the Plan.

        (b) This Agreement shall not in any way affect the right of the
Corporation to adjust, reclassify, reorganize or otherwise change its capital or
business structure or to merge, consolidate, dissolve, liquidate or sell or
transfer all or any part of its business or assets.

        (c) In the event of a Corporate Transaction, any or all outstanding
options under the Plan may be assumed, converted or replaced by the Successor
Corporation which assumption, conversion or replacement will be binding on all
Optionees. In the alternative, the Successor Corporation may substitute
equivalent options or provide substantially similar consideration to Optionees
as was provided to stockholders of the Corporation in the Corporate Transaction
(after taking into account the existing provisions of the options under the
Plan). The Successor Corporation may also issue, in place of outstanding shares
of Common Stock held by Optionee, substantially similar shares or other property
subject to repurchase restrictions and other provisions no less favorable to
Optionee than those which applied to such outstanding shares immediately prior
to the Corporate Transaction.

     7. Adjustment in Option Shares. Should any change be made to the Common
Stock by reason of any stock split, stock dividend, recapitalization,
combination of shares, exchange of shares or other change affecting the
outstanding Common Stock, as a class, without the Corporation's receipt of
consideration, appropriate adjustments shall be made by the Plan Administrator
to (i) the total number and/or class of securities subject to this option and
(ii) the Exercise Price in order to reflect such change and thereby preclude a
dilution or enlargement of benefits hereunder.

     8. Stockholder Rights. An Optionee shall have no stockholder rights with
respect to the Option Shares until Optionee shall have exercised the option with
respect to such shares, paid the aggregate Exercise Price therefor and become
the record holder of such purchased shares.

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     9. Manner of Exercising Option.

        (a) In order to exercise this option with respect to all or any part of
the Option Shares for which this option is at the time exercisable, Optionee (or
any other person or persons exercising the option) must take the following
actions:

            (i) Execute and deliver to the Corporation a Purchase Agreement for
the Option Shares for which the option is exercised.

            (ii) Pay the aggregate Exercise Price for the purchased shares in
one or more of the following forms:

                 (A) cash or check made payable to the Corporation; or

                 (B) a promissory note payable to the Corporation, but only to
the extent authorized by the Plan Administrator in accordance with Paragraph 14.

Should the Common Stock be registered under Section 12 of the 1934 Act at the
time the option is exercised, then the Exercise Price may also be paid as
follows:

                 (C) in shares of Common Stock held by Optionee (or any other
person or persons exercising the option) for the requisite period necessary to
avoid a charge to the Corporation's earnings for financial reporting purposes
and valued at Fair Market Value on the Exercise Date; or

                 (D) to the extent the option is exercised for vested shares of
Common Stock, through a special sale and remittance procedure pursuant to which
Optionee (or any other person or persons exercising the option) shall
concurrently provide irrevocable instructions (a) to a Corporation-designated
brokerage firm to effect the immediate sale of the purchased shares and remit to
the Corporation, out of the sale proceeds available on the settlement date,
sufficient funds to cover the aggregate Exercise Price payable for the purchased
shares plus all applicable federal, state and local income and employment taxes
required to be withheld by the Corporation by reason of such exercise and (b) to
the Corporation to deliver the certificates for the purchased shares directly to
such brokerage firm in order to complete the sale.

            Except to the extent the sale and remittance procedure is utilized
in connection with the option exercise, payment of the Exercise Price must
accompany the Purchase Agreement delivered to the Corporation in connection with
the option exercise.

            (iii) Furnish to the Corporation appropriate documentation that the
person or persons exercising the option (if other than Optionee) has the right
to exercise this option.

            (iv) Execute and deliver to the Corporation such written
representations as may be requested by the Corporation in order for it to comply
with the applicable requirements of federal and state securities laws.

            (v) Make appropriate arrangements with the Corporation (or Parent or
Subsidiary employing or retaining Optionee) for the satisfaction of all federal,
state and local income and employment tax withholding requirements applicable to
the option exercise.

        (b) As soon as practical after the Exercise Date, the Corporation shall
issue to or on behalf of Optionee (or any other person or persons exercising
this option) a certificate for the purchased Option Shares, with the appropriate
legends affixed thereto.

        (c) In no event may this option be exercised for any fractional shares.

     10. REPURCHASE RIGHTS. ALL OPTION SHARES ACQUIRED UPON THE EXERCISE OF THIS
OPTION SHALL BE SUBJECT TO CERTAIN RIGHTS OF THE CORPORATION AND ITS ASSIGNS TO
REPURCHASE THOSE SHARES IN ACCORDANCE WITH THE TERMS SPECIFIED IN THE PURCHASE
AGREEMENT.

     11. Compliance with Laws and Regulations.

        (a) The Plan is intended to comply with Section 25102(o) of the
California Corporations Code, although grants pursuant to Section 25102(f) of
such Code, or any other exemption provided by such Code or

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the regulations thereunder, may be made under this Plan. The Plan is also
intended to be a written compensation benefit plan within the meaning of Rule
701 promulgated under the Securities Act of 1933, as amended; however, grants
pursuant to any other exemption available under such Act or other Rules
promulgated thereunder may be made under the Plan. Any provision of the Plan
which is inconsistent with Section 25102(o) shall, without further act or
amendment by the Corporation or the Board, be reformed to comply with the
requirements of Section 25102(o). An award under the Plan will not be effective
unless such award is made in compliance with all applicable federal and state
securities laws, rules and regulations of any governmental body, and the
requirements of any stock exchange or automated quotation system upon which the
Common Stock may then be listed or quoted, as they are in effect on the date of
grant of such award and also on the date of exercise or other issuance relating
thereto.

               (b) Notwithstanding any other provision in the Plan, the
Corporation will have no obligation to issue or deliver certificates for shares
of Common Stock issued under the Plan prior to (i) obtaining any approvals from
governmental agencies that the Corporation determines are necessary or
advisable, (ii) compliance with any exemption, completion of any registration or
other qualification of such shares under any state or federal law or ruling of
any governmental body that the Corporation determines to be necessary or
advisable and (iii) obtaining approval of the Corporation's stockholders to
adopt the Plan. The Corporation will be under no obligation to register the
shares under federal securities laws or to effect compliance with the exemption,
registration, qualification or listing requirements of any state securities
laws, stock exchange or automated quotation system, and the Corporation will
have no liability for any inability or failure to do so. The inability of the
Corporation to obtain approval from any regulatory body having authority deemed
by the Corporation to be necessary to the lawful issuance and sale of any Common
Stock pursuant to this option, or the inability of the Corporation to obtain
approval from its stockholders of the Plan, shall relieve the Corporation of any
liability with respect to the non-issuance or sale of the Common Stock as to
which such approval shall not have been obtained. The Corporation, however,
shall use its best efforts to obtain all such approvals.

          12. Successors and Assigns. Except to the extent otherwise provided in
Paragraphs 3 and 6, the provisions of this Agreement shall inure to the benefit
of, and be binding upon, the Corporation and its successors and assigns and
Optionee, Optionee's assigns and the legal representatives, heirs and legatees
of Optionee's estate.

          13. Notices. Any notice required to be given or delivered to the
Corporation under the terms of this Agreement shall be in writing and addressed
to the Corporation at its principal corporate offices. Any notice required to be
given or delivered to Optionee shall be in writing and addressed to Optionee at
the address indicated below Optionee's signature line on the Grant Notice. All
notices shall be deemed effective upon personal delivery or upon deposit in the
U.S. mail, postage prepaid and properly addressed to the party to be notified.

          14. Financing. The Plan Administrator may, in its absolute discretion
and without any obligation to do so, permit Optionee to pay the Exercise Price
for the purchased Option Shares by delivering a full-recourse, interest-bearing
promissory note secured by those Option Shares. The payment schedule in effect
for any such promissory note shall be established by the Plan Administrator in
its sole discretion.

          15. Construction. This Agreement and the option evidenced hereby are
made and granted pursuant to the Plan and are in all respects limited by and
subject to the terms of the Plan. All decisions of the Plan Administrator with
respect to any question or issue arising under the Plan or this Agreement shall
be conclusive and binding on all persons having an interest in this option.

          16. Governing Law.  The interpretation, performance and enforcement of
this Agreement shall be governed by the laws of the State of California without
resort to that State's conflict-of-laws rules.

          17. Stockholder Approval. If Option Shares covered by this Agreement
exceed, as of the Grant Date, the number of shares of Common Stock which may be
issued under the Plan, as last approved by the stockholders of the Corporation,
then this option shall be void with respect to such excess shares, unless
stockholder approval of an amendment to the Plan sufficiently increasing the
number of shares of Common Stock issuable under the Plan is obtained in
accordance with the provisions of the Plan. Any excess Option Shares actually
issued under the Plan shall be held in escrow until such stockholder approval of
such an amendment is obtained.

          18. Additional Terms Applicable to an Incentive Option.  In the event
this option is designated an Incentive Option in the Grant Notice, the following
terms and conditions shall also apply to the grant:

               (a) This option shall cease to qualify for favorable tax
treatment as an Incentive Option if (and to the extent) this option is exercised
for one or more Option Shares: (i) more than three months after the date
Optionee ceases to be an Employee for any reason other than death or Permanent
Disability or (ii) more than 12 months after the date Optionee ceases to be an
Employee by reason of Permanent Disability.

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               (b) This option shall not become exercisable in the calendar
year in which granted if (and to the extent) the aggregate Fair Market Value
(determined at the Grant Date) of the Common Stock for which this option, when
added to the aggregate value (determined as of the respective date or dates of
grant) of the Common Stock and any other securities for which other Incentive
Options granted to Optionee prior to the Grant Date (whether under the Plan or
any other option plan of the Corporation or any Parent or Subsidiary) first
become exercisable during the same calendar year, exceed $100,000 in the
aggregate. To the extent the exercisability of this option is deferred by reason
of the foregoing limitation, the deferred portion shall become exercisable in
the first calendar year or years thereafter in which the $100,000 limitation of
this Paragraph 18(b) would not be contravened, but such deferral shall in all
events end immediately prior to the effective date of a Corporate Transaction in
which this option is not to be assumed, whereupon the option shall become
immediately exercisable as a Non-Statutory Option for the deferred portion of
the Option Shares.

               (c) Should Optionee hold, in addition to this option, one or
more other options to purchase Common Stock which become exercisable for the
first time in the same calendar year as this option, then the foregoing
limitations on the exercisability of such options as Incentive Options shall be
applied on the basis of the order in which such options are granted.

          IN WITNESS WHEREOF, the parties have executed this agreement as of   ,
20 [Grant Date].

                                                 VSOURCE, INC.

                                                 By:____________________________
                                                 Title:_________________________

                                                 OPTIONEE

                                                 _______________________________
                                                 Signature

                                                 _______________________________
                                                 Printed Name

                                                 Address:_______________________
                                                 _______________________________

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                                    APPENDIX

The following terms shall have the following meanings under the Agreement:

     "Agreement" shall mean this Stock Option Agreement.

     "Board" shall mean the Corporation's Board of Directors.

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

     "Common Stock" shall mean the Corporation's common stock, par value $0.01
per share.

     "Corporate Transaction" shall mean any of the following transactions to
which the Corporation is a party:

          (i) a merger or consolidation as a result of which stockholders of the
Corporation immediately prior to such merger or consolidation hold less than a
majority of the voting power of the surviving corporation of such merger or
consolidation, or

          (ii) the sale or transfer of at least a majority of the voting power
of the Corporation in a single transaction or a series of related transactions,
or

          (iii) the sale, transfer or other disposition of all or substantially
all of the assets of the Corporation as a going concern in a single transaction
or series of related transactions.

     "Corporation" shall mean Vsource, Inc., a Delaware corporation, and any
successor corporation thereto which shall, by appropriate action, adopt the
Plan.

     "Disability" shall mean the inability of the Optionee or the Participant,
in the opinion of a qualified physician acceptable to the Corporation, to
perform the major duties of the Optionee's position with the Corporation because
of the sickness or injury of the Optionee. Disability shall be deemed to
constitute "Permanent Disability" in the event that such Disability is expected
to result in death or has lasted or can be expected to last for a continuous
period of 12 months or more.

     "Employee" shall mean an individual who is in the employ of the Corporation
 (or any Parent or Subsidiary).

     "Exercise Date" shall mean the date on which the option shall have been
exercised in accordance with Paragraph 9 of this Agreement.

     "Exercise Price" shall mean the exercise price payable per Option Share as
specified in the Grant Notice.

     "Expiration Date" shall mean the date on which the option expires as
specified in the Grant Notice.

     "Fair Market Value" per share of Common Stock on any relevant date shall be
 determined in accordance with the following provisions:

          (i) If the Common Stock is at the time traded on the Nasdaq National
Market, then the Fair Market Value shall be the closing sales price per share of
Common Stock on the date in question, as the price is reported by the National
Association of Securities Dealers on the Nasdaq National Market. If there is no
closing sales price for the Common Stock on the date in question, then the Fair
Market Value shall be the closing sales price on the last preceding date for
which such quotation exists.

          (ii) If the Common Stock is at the time listed on any Stock Exchange,
then the Fair Market Value shall be the closing sales price per share of Common
Stock on the date in question on the Stock Exchange determined by the Plan
Administrator to be the primary market for the Common Stock, as such price is
officially quoted in the composite tape of transactions on such exchange. If
there is no closing sales price for the Common Stock on the date in question,
then the Fair Market Value shall be the closing sales price on the last
preceding date for which such quotation exists.

          (iii) If the Common Stock is at the time neither listed on any Stock
Exchange nor traded on the Nasdaq National Market, then the Fair Market Value
shall be determined by the Plan Administrator after taking into account such
factors as the Plan Administrator shall deem appropriate.

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     "Grant Date" shall mean the date of grant of the option as specified in the
 Grant Notice.

     "Grant Notice" shall mean the Notice of Grant of Stock Option accompanying
the Agreement, pursuant to which Optionee has been informed of the basic terms
of the option evidenced hereby.

     "Incentive Option" shall mean an option which satisfies the requirements of
 Code Section 422.

     "Misconduct" shall mean the commission of any act of fraud, embezzlement or
dishonesty by an Optionee or a Participant, any unauthorized use or disclosure
by such person of confidential information or trade secrets of the Corporation
(or any Parent or Subsidiary), or any other intentional misconduct by such
person which has a material adverse effect on the business or affairs of the
Corporation (or any Parent or Subsidiary). The foregoing definition shall not be
deemed to be inclusive of all the acts or omissions which the Corporation (or
any Parent or Subsidiary) may consider as grounds for the dismissal or discharge
of any Optionee, Participant or other person in the Service of the Corporation
(or any Parent or Subsidiary).

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

     "Non-Statutory Option" shall mean an option not intended to satisfy the
requirements of Code Section 422.

     "Option Shares" shall mean the number of shares of Common Stock subject to
the option.

     "Optionee" shall mean the person to whom the option is granted as specified
in the Grant Notice.

     "Parent" shall mean any corporation (other than the Corporation) in an
unbroken chain of corporations ending with the Corporation if each of such
corporations (other than the Corporation) owns, at the time of the
determination, stock possessing 50 percent or more of the total combined voting
power of all classes of stock in one of the other corporations in such chain.

     "Plan" shall mean the Corporation's 2001 Stock Option/Stock Issuance Plan.

     "Plan Administrator" shall mean either the Board or a committee of the
Board acting in its capacity as administrator of the Plan.

     "Purchase Agreement" shall mean the stock purchase agreement in
substantially the form of Exhibit B to the Grant Notice.

     "Service" shall mean the Optionee's performance of services for the
Corporation (or any Parent or Subsidiary) in the capacity of an Employee, a
non-employee member of the board of directors or an independent consultant.

     "Stock Exchange" shall mean the American Stock Exchange or the New York
Stock Exchange.

     "Subsidiary" shall mean any corporation (other than the Corporation) in
an unbroken chain of corporations beginning with the Corporation, if each of
such corporations other than the last corporation in such chain owns, at the
time of the determination, stock possessing 50 percent or more of the total
combined voting power of all classes of stock in one of the other corporations
in such chain.

     "Vesting Schedule" shall mean the vesting schedule specified in the Grant
Notice pursuant to which the Optionee is to vest in the Option Shares in a
series of installments over his or her period of Service.<PAGE>

                                                                  Exhibit 10.31

                             VSOURCE INC.
                          EMPLOYEE STOCK PURCHASE PLAN

The purpose of the Vsource, Inc. Employee Stock Purchase Plan (the "Plan") is
to provide an opportunity for employees of Vsource, Inc. (the "Company") and
its Participating Subsidiaries (as defined herein) to purchase shares of common
stock, par value $0.01 per share, of the Company ("Common Stock") at a discount
through voluntary automatic payroll deductions. The Plan is intended to qualify
as an "employee stock purchase plan" under Section 423 of the Internal Revenue
Code of 1986, as amended (the "Code"). The provisions of the Plan shall be
construed in a manner consistent with the requirements of that section of the
Code.

1. SHARES SUBJECT TO PLAN. An aggregate of seven million (7,000,000) shares
of Common Stock (the "Shares") may be sold pursuant to the Plan. Such Shares
may be authorized but unissued Common Stock, treasury shares or Common Stock
purchased by the Company in the open market. If there is any change in the
outstanding shares of Common Stock by reason of a stock dividend or
distribution, stock split-up, recapitalization, combination or exchange of
shares, or by reason of any merger, consolidation or other corporate
reorganization in which the Company is the surviving corporation, the number of
Shares available for sale shall be equitably adjusted by the Committee
appointed to administer the Plan to give proper effect to such change.

2. ADMINISTRATION. The Board of Directors of the Company ("Board") shall
appoint a committee consisting of at least two of its members, that will have
the authority and responsibility for the day-to-day administration of the
Plan(the "Committee"). Each member of the Committee shall be a "non-employee
director" as defined in Rule 16b-3 under the Securities Exchange Act of 1934
("Rule 16b-3") (or any successor to such Rule) as now or hereafter amended. The
Committee shall have the authority to make rules and regulations governing the
administration of the Plan, and any interpretation or decision made by the
Committee regarding the administration of the Plan shall be final and
conclusive. The Committee may determine prior to each Enrollment Period (as
defined in paragraph 7) to limit the number of Shares which may be offered with
respect to that Enrollment Period and the manner of allocating the Shares among
eligible employees. The Committee may delegate its responsibilities for
administering the Plan to any one or more persons as the Committee deems
necessary or appropriate; provided, however, that the Committee may not
delegate its responsibilities under this Plan to the extent such delegation
would cause the Plan to fail to satisfy the administration requirements as
defined in Rule 16b-3 (or any successor to such Rule). No Board or Committee
member shall be liable for any action or determination made in good faith with
respect to the Plan or any Shares offered hereunder.

3. ELIGIBILITY.
  (a) All full-time employees of the Company and of any Participating
Subsidiary of the Company, which has been specifically designated by the Board
as participating in the Plan, shall be eligible to participate in the Plan.
For purposes of the Plan, a "Participating Subsidiary" means any present or
future parent or subsidiary corporation of the Company (within the meaning of
Section 424(e) or (f) of the Code) that is specifically designated by the Board
as a participant in the Plan by written instrument delivered to the designated
Participating Subsidiary. Such written instrument shall specify the effective
date of such designation and shall become, as to such Participating Subsidiary
and persons in its employment, a part of the Plan. The terms of the Plan may be
modified as applied to any Participating Subsidiary only to the extent
permitted under Section 423 of the Code. Transfers of employment among the
Company and any Participating Subsidiary shall not be considered a termination
of employmenthereunder. Any Participating Subsidiary may, by appropriate action
of its Board

<PAGE>

of Directors, terminate its participation in the Plan. The Board may, in its
discretion, terminate a Participating Subsidiary's participation in the Plan at
any time.

        (b) Notwithstanding paragraph 3(a), the following employees shall not be
eligible to participate in the Plan: (1) employees who have been employed by the
Company or a Participating Subsidiary for less than six (6) months prior to an
Enrollment Date, (2) employees whose customary employment by the Company or a
Participating Subsidiary is 20 hours or less per week, (3) employees whose
customary employment by the Company or a Participating Subsidiary is for not
more than five months in any calendar year, and (4) employees who, as of the
first day of an Enrollment Period, would own shares possessing 5% or more of the
total combined voting power or value of all classes of stock of the Company or
any parent or subsidiary (within the meaning of Code Section 424(e) or (f).

4.  PARTICIPATION.

        (a) An eligible employee may elect to participate in the Plan as of any
Enrollment Date. "Enrollment Dates" shall occur on the first day of an
Enrollment Period (as defined in paragraph 7(a)). Any such election shall be
made by completing and forwarding an enrollment and payroll deduction
authorization form to the designated Plan representative prior to such
Enrollment Date, authorizing payroll deductions in an amount (to be specified as
a whole percentage) not greater than 10% and not less than 1% of the employee's
Compensation (as defined below) for the payroll period to which the deduction
applies. A participating employee may discontinue his or her participation in
the Plan as provided in paragraph 6 hereof. Subject to the limitations in this
paragraph 4(a), a participant may increase or decrease the rate of his or her
payroll deductions during the Enrollment Period by completing and filing with
the Company a revised payroll deduction form authorizing a change in payroll
deduction rate. The Committee may, in its discretion, limit the number of
participation rate changes during any Enrollment Period. A change in the rate of
participation during an Enrollment Period shall be effective with the second
full payroll period following the Company's receipt of the revised payroll
deduction form unless the Company elects to process a given change in
participation more quickly. All contributions to the Plan will be through
payroll deductions as specified above, and no direct contributions to the Plan
will be permitted.

        (b) For purposes of this Plan, the term "Compensation" means the
participating employee's base salary and, at the participating employee's
election, incentive compensation, bonus or similar payments not made or payable
on a regular basis at each regular pay period date), in each case determined
before any deductions for salary deferrals under any applicable Code Section
401(k) plan in which the employee is a participant, and before any deduction for
required federal or state withholding taxes and any other amounts which may be
withheld pursuant to the Company's medical or health plans, retirement or
provident plans or otherwise. Any amounts payable to a participating employee
during an Enrollment Period not described in the preceding sentence shall not be
treated as Compensation for purposes of this Plan.

        (c) Subject to the limitations set forth in paragraph 7, a participant
(i)who has elected to participate in the Plan pursuant to paragraph 4(a) as of
an Enrollment Date and (ii) who takes no action to change or revoke such
election as of the next following Enrollment Date and/or as of any subsequent
Enrollment Date shall be deemed to have made the same election, including the
same attendant payroll deduction authorization, for such next following and/or
subsequent Enrollment Date(s) as was in effect immediately prior to any such
Enrollment Date.

        (d) If participation in this Plan is extended to the employees of
Participating Subsidiaries that are not located in the United States then,
unless otherwise specified by the Committee, payroll deductions made with
respect to any such employees in currencies other than the United States dollar

<PAGE>

shall be accumulated in the currency in which such payroll is otherwise made and
shall be converted to United States dollars at the applicable exchange rate (as
determined by the Committee) in effect on the applicable Enrollment Date.

5.  PAYROLL DEDUCTION ACCOUNTS.  The Company shall establish a "Payroll
Deduction Account" for each participating employee, and shall credit all payroll
deductions made on behalf of each employee pursuant to paragraph 4 to his or her
Payroll Deduction Account. No interest shall be credited to any Payroll
Deduction Account.

6.  WITHDRAWALS.  A participating employee may withdraw from the Plan at any
time up to the date that is 30 days before the end of an Enrollment Period by
completing and forwarding a written notice of withdrawal to the designated Plan
representative, in accordance with the procedures established by the Committee.
Upon receipt of such notice, payroll deductions on behalf of the employee shall
be discontinued commencing with the following payroll period, and such employee
may not again be eligible to participate in the Plan until the second succeeding
Enrollment Period following the date of such employee's notice of withdrawal.
Amounts credited to the Payroll Deduction Account of any employee who withdraws
shall be paid to him or her in cash, without interest thereon, as soon as
practicable after receipt of the notice of withdrawal.

7.  ENROLLMENT PERIODS.

    (a) Enrollment in the Plan shall be implemented by consecutive six-month
"Enrollment Periods" with a new Enrollment Period commencing on the first
trading day on or after the first day of each May and November during the term
of the Plan, or on such other date as the Committee shall determine, and
continuing thereafter to the end of such period, subject to termination in
accordance with paragraph 17 hereof. The first Enrollment Period hereunder shall
commence on November 1, 2001 or such other date as the Committee shall
determine. The Committee shall have the power to change the duration of
Enrollment Periods (including the commencement dates thereof) with respect to
future offerings. Payroll deductions made on behalf of each participating
employee during an Enrollment Period shall, except as otherwise provided in
paragraphs 6 or 12 hereof, be used to purchase Shares under the Plan on the
applicable Share Purchase Date following the end of the Enrollment Period, as
provided in paragraph 7(b).

      (b) The fifth business day following the end of each Enrollment Period
prior to the termination of the Plan (or such other trading date as the
Committee shall determine) shall constitute the purchase dates (the "Share
Purchase Dates") on which each participating employee for whom a Payroll
Deduction Account has been maintained shall purchase that number of Shares
determined in accordance with paragraph 8(a).

8.  PURCHASE OF SHARES.

    (a) Subject to the limitations set forth in paragraph 7, each employee
participating in an offering shall have the right to purchase as many whole and
fractional Shares as may be purchased with the amounts credited to his or her
Payroll Deduction Account as of the last day of the Enrollment Period
immediately preceding the applicable Share Purchase Date (the "Cutoff Date"). On
each Share Purchase Date, the amount credited to each participating employee's
Payroll Deduction Account as of the immediately preceding Cutoff Date shall be
applied to purchase as many whole and fractional Shares as may be purchased with
such amount at the Purchase Price determined under paragraph 8(b).

   (b) The "Purchase Price" for Shares purchased under the Plan shall be equal
to 85% of the "fair market value" of the Company's Common Stock on the first day
of the Enrollment Period or on the last day of the Enrollment Period, whichever
amount is lower. For all purposes under the Plan, the "fair market value" of a
share of the Company's Common Stock on any relevant date shall be determined in
accordance with the following provisions:

<PAGE>

       (i) If the Common Stock is at the time traded on the Nasdaq National
Market, then the fair market value shall be the closing sales price per
share of Common Stock on the date in question, as such price is reported by
the National Association of Securities Dealers on the Nasdaq National
Market. If there is no closing sales price for the Common Stock on the date
in question, then the fair market value shall be the closing sales price on
the last preceding date for which such quotation exists.

       (ii) If the Common Stock is at the time listed on any Stock Exchange,
then the fair market value shall be the closing sales price per share of
Common Stock on the date in question on the Stock Exchange determined by
the Committee to be the primary market for the Common Stock, as such price
is officially quoted in the composite tape of transactions on such
exchange. If there is no closing sales price for the Common Stock on the
date in question, then the fair market value shall be the closing sales
price on the last preceding date for which such quotation exists.

       (iii) If the Common Stock is at the time neither listed on any Stock
Exchange nor traded on the Nasdaq National Market, then the fair market
value shall be determined by the Committee after taking into account such
factors as the Committee shall deem appropriate.

       The Committee shall have the authority to establish a different Purchase
Price as long as any such Purchase Price complies with the provisions of Section
423 of the Internal Revenue Code.

   (c) Notwithstanding the foregoing, the Company shall not permit the
exercise of any right or option to purchase Shares which would permit an
employee's rights to purchase shares under this Plan, or under any other
qualified employee stock purchase plan maintained by the Company or any
subsidiary, to accrue during any calendar year at a rate in excess of $25,000 of
the fair market value (as defined in paragraph 8(b) hereof) of such shares,
determined at the time such rights are granted for each calendar year in which
the right is outstanding at any time. For purposes of this paragraph 8(c), the
provisions of Code Section 424(d) shall apply in determining the stock ownership
of an employee. Payroll deductions that are limited by this paragraph 8(c) shall
re-commence at the rate provided in such participant's payroll deduction
authorization at the beginning of the first Enrollment Period that is scheduled
to end in the following calendar year, unless the participant changes the amount
of his payroll deduction authorization pursuant to paragraph 4, withdraws from
the Plan as provided in paragraph 6 or is terminated from participating in the
Plan as provided in paragraph 12.

    (d) Any amounts remaining in an employee's Payroll Deduction Account in
excess of the amount that may properly be applied to the purchase of Shares
shall remain in such account to purchase Shares as of the next following Share
Purchase Date, unless the Plan is subsequently terminated or the employee
otherwise ceases to participate in the Plan, in which event such excess shall be
refunded to the employee as soon as practicable, without interest thereon.

9.  BROKERAGE ACCOUNTS OR PLAN SHARE ACCOUNTS.  By enrolling in the Plan,
each participating employee shall be deemed to have authorized the establishment
of a brokerage account on his or her behalf at a securities brokerage firm
selected by the Committee. Alternatively, the Committee may provide for Plan
share accounts for each participating employee to be established by the Company
or by an outside entity selected by the Committee (a "custodian") which is not a
brokerage firm. Shares purchased by an employee pursuant to the Plan shall be
held in the employee's brokerage or Plan share account ("Plan Share Account") in
his or her name.

10.  RIGHTS AS STOCKHOLDER.  A participating employee shall have no rights as
a stockholder with respect to Shares under this Plan until payment for such
Shares has been completed at the close of business on the relevant Share

<PAGE>

Purchase Date, and upon such payment the employee shall have all rights (voting
and otherwise) with respect to such Shares. With respect to any Shares held in
an employee's Plan Share Account, the Company or the custodian, as the case may
be, shall, in accordance with procedures adopted by the Company or the
custodian, facilitate the employee's voting rights attributable thereto. All
dividends attributable to any Shares held in an employee's Plan Share Account
shall, in accordance with separate procedures to be adopted by the Company or
the custodian and subject to any rights of withdrawal specified above, be held
and will be used for the purchase of Shares on any Share Purchase Date at the
applicable Purchase Price hereunder.

11.  CERTIFICATES;  TRANSFER  RESTRICTIONS;  NOTICE  OF  DISPOSITION.

     (a) Certificates for Shares purchased under the Plan will not be issued
automatically. However, certificates for whole and fractional Shares purchased
under the Plan shall be issued as soon as practicable following an employee's
written request. The Company may impose a reasonable charge for the issuance of
such certificates. Such certificates will only be issued in the employee's name
and not in any street name or in any other fashion. The Committee may cause
Shares issued under the Plan to bear such legends or other appropriate
restrictions, and the Committee may take such other actions, as it deems
appropriate in order to reflect the transfer restrictions set forth in paragraph
11(b) and to assure compliance with applicable laws.

     (b) Shares purchased under the Plan may be sold at any time at the
discretion of the employee purchasing such shares.

     (c) Each participant shall notify the Company in writing if the participant
disposes of any of the shares purchased pursuant to this Plan if such
disposition occurs less than two (2) years from the first day of the Enrollment
Period with respect to which such shares were purchased (the "Notice Period").
The Company may, at any time during the Notice Period, place a legend or legends
on any certificate representing shares acquired pursuant to this Plan requesting
the Company's transfer agent to notify the Company of any transfer of the
shares. The obligation of the participant to provide such notice shall continue
notwithstanding the placement of any such legend on the certificates.

12.  TERMINATION OF EMPLOYMENT.

     (a) Payroll deductions on behalf of a participating employee shall be
discontinued, and the employee shall be considered to have immediately withdrawn
from the Plan, upon the first to occur of (i) a termination of a participating
employee's employment with the Company or a Participating Subsidiary for any
reason whatsoever (including but not limited to a transfer to a
non-Participating Subsidiary), (ii) the giving of notice by a participating
employee of such employee's intent to terminate employment without cause, where
such employee is required under the terms of such employee's employment
agreement to give notice to the Company or a Participating Subsidiary of such
employee's intent to terminate employment, (iii) the employee otherwise ceasing
to be eligible to participate in the Plan within the meaning of paragraph 3
hereof, or (iii) the occurrence of any circumstances described in paragraph
12(c) below. Upon any withdrawal from the Plan pursuant to this paragraph 12,
any amounts then credited to the employee's Payroll Deduction Account shall be
paid to the employee, without interest thereon, as soon as practicable following
such withdrawal and shall not be used to purchase Shares.

     (b) If a participating employee's participation in the Plan is terminated
under paragraph 12(a), any Shares purchased under the Plan that are held by the
Company, or by custodian or other authorized brokerage firm under paragraph 9
hereof, shall, within a reasonable period following such termination of
participation, be issued to such employee subject to the procedures and
limitations set forth in paragraph 11(a).

     (c) For purposes of this Section 12, an employee will not be deemed to have

<PAGE>

terminated employment or failed to remain in the continuous employ of the
Company or of a Participating Subsidiary in the case of sick leave, military
leave, or any other leave of absence approved by the Committee provided that
                                     --------
such leave is for a period of not more than ninety (90) days or reemployment
upon the expiration of such leave is guaranteed by contract or statute.

13.  RIGHTS NOT TRANSFERABLE.  Rights granted under this Plan are not
transferable by a participating employee, and are exercisable during an
employee's lifetime only by the employee.

14.  EMPLOYMENT RIGHTS. Neither participation in the Plan, nor the exercise
of any right or option granted under the Plan, shall be made a condition of
employment, or of continued employment with the Company or of any parent or
subsidiary.

15.  APPLICATION OF FUNDS.  All funds received by the Company for Shares sold
by the Company on any Share Purchase Date pursuant to this Plan may be used for
any corporate purpose. No interest shall be paid or credited to any participant.

16.  SECURITIES LAWS.  Sales of Shares under the Plan are subject to, and
shall be accomplished only in accordance with, the requirements of all
applicable securities and other laws. The Company shall not be obligated to
issue any Shares under the Plan at any time when the offer, issuance or sale of
Shares covered by any right hereunder has not been registered under the
Securities Act of 1933, as amended, or does not comply with such other state,
federal or foreign laws, rules or regulations, or the requirements of any stock
exchange upon which the Shares may then be listed, as the Company or the
Committee deems applicable and, in the opinion of legal counsel for the Company,
there is no exemption from the requirements of such laws, rules, regulations or
requirements available for the offer, issuance and sale of such shares. Further,
all Shares acquired pursuant to the Plan shall be subject to the Company's
policies concerning compliance with securities laws and regulations, as such
policies may be amended from time to time. The terms and conditions of rights to
purchase shares granted hereunder to, and the purchase of Shares by, persons
subject to Section 16 of the Securities Exchange Act of 1934, as amended (the
"Exchange Act"), shall comply with any applicable provisions of Rule 16b-3. As
to such persons, this Plan shall be deemed to contain, and such rights shall
contain, and the Shares issued upon exercise thereof shall be subject to, such
additional conditions and restrictions as may be required from time to time by
Rule 16b-3 to qualify for the maximum exemption from Section 16 of the Exchange
Act with respect to Plan transactions.

17.  AMENDMENTS AND TERMINATION.  The Committee may amend the Plan at any
time, provided that no amendment of the Plan shall be made without stockholder
approval if stockholder approval is required by law, regulation, or stock
exchange rule. The Committee may suspend the Plan or discontinue the Plan at any
time for any reason. Upon any such suspension or termination of the Plan, all
payroll deductions shall cease and all amounts then credited to participating
employees' Payroll Deduction Accounts shall be refunded, without interest
thereon.

18.  APPLICABLE LAWS.  The Company's obligation to offer, issue, sell or
deliver Shares under the Plan is at all times subject to all approvals of and
compliance with any governmental authorities (whether domestic or foreign)
required in connection with the authorization, offer, issuance, sale or delivery
of Shares, as well as all federal, state, local and foreign laws. Without
limiting the scope of the preceding sentence, and notwithstanding any other
provision in the Plan to the contrary, the Company shall not be obligated to
offer, issue, sell or deliver Shares under the Plan to any employee who is a
citizen or resident of a jurisdiction the laws of which, for reasons of its
public policy, prohibit the Company from taking any such action with respect to
such employee.

<PAGE>

19.  EXPENSES.  Except to the extent provided in paragraph 11, all expenses
of administering the Plan, including expenses incurred in connection with the
purchase of Shares for sale to participating employees, shall be borne by the
Company and its qualified subsidiaries.

20.  COMMITTEE  RULES  FOR  LOCAL  JURISDICTIONS.

     (a) The Committee may adopt rules or procedures relating to the operation
and administration of this Plan to accommodate the specific requirements of
local laws and procedures if participation in this Plan is extended to employees
of qualified subsidiaries located outside of the United States. Without limiting
the generality of the foregoing, the Committee is specifically authorized to
adopt rules and procedures regarding handling of payroll deductions, conversion
of local currency, payroll tax withholding procedures and handling of stock
certificates which vary with local law requirements.

     (b) If participation in this Plan is extended to employees of qualified
subsidiaries located outside of the United States, the Committee may also adopt
sub-plans applicable to particular subsidiaries or locations, which sub-plans
may be designed to be outside the scope of Code Section 423. The rules of such
sub-plans may take precedence over other provisions of this Plan, but unless
otherwise superseded by the terms of any such sub-plan, the provisions of this
Plan shall govern the operation of any such sub-plan.

21.  NO ENLARGEMENT OF EMPLOYEE RIGHTS.  Nothing contained in this Plan shall
be deemed to give any employee the right to be retained in the employ of the
Company or of any subsidiary or to interfere with the right of the Company or
subsidiary, subject to any written employment contract to the contrary, to
discharge any employee at any time.

22.  EQUAL RIGHTS AND PRIVILEGES.  All eligible employees shall have equal
rights and privileges with respect to this Plan so that this Plan qualifies as
an "employee stock purchase plan" within the meaning of Code Section 423 or any
successor provision of the Code and the related regulations. Any provision of
this Plan which is inconsistent with Code Section 423 or any successor provision
of the Code shall, without further act or amendment by the Company, the
Committee or the Board, be reformed to comply with the requirements of Code
Section 423. This paragraph 22 shall take precedence over all other provisions
in this Plan.

23.  GOVERNING LAW.  This Plan shall be governed by and construed in
accordance with Delaware law, except for its conflicts of laws principles to the
extent they might lead to the application of the laws of another jurisdiction.

24.  TERM OF THE PLAN.  The Plan shall be effective upon the date of its
approval by the stockholders of the Company. Except with respect to rights then
outstanding, if not sooner terminated under the provisions of paragraph 17, the
Plan shall terminate upon, and no further payroll deductions shall be made and
no further rights to purchase shares shall be granted after, December 31, 2011.

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