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ITEM 10.1. OMEGA FINANCIAL CORPORATION 2006 EQUITY INCENTIVE PLAN

                           OMEGA FINANCIAL CORPORATION

                           2006 EQUITY INCENTIVE PLAN

1. Purposes

         The purposes of the Omega Financial Corporation 2006 Equity Incentive
Plan (the "Plan") are to (i) promote the long-term retention of employees of
Omega Financial Corporation ("Omega"), and its current and future subsidiaries
(collectively, the "Company"), directors of the Company and other persons who
are in a position to make significant contributions to the success of the
Company; (ii) further reward these employees, directors and other persons for
their contributions to the Company's growth and expansion; (iii) provide
additional incentive to these employees, directors and other persons to continue
to make similar contributions in the future; and (iv) to further align the
interests of these employees, directors and other persons with those of Omega's
shareholders. These purposes will be achieved by granting to such employees and
other persons, in accordance with the provisions of this Plan, Options, Stock
Appreciation Rights, Restricted Stock or Unrestricted Stock, Deferred Stock,
Restricted Stock Units or Performance Awards, for shares of Omega's common
stock, par value $5.00 per share ("Common Stock"), or combinations thereof
(collectively, "Awards").

         As of the Effective Date of the Plan, no additional grants will be made
under the Company's 1996 Employee Stock Option Plan and 2004 Stock Option Plan
for Non-Employee Directors (collectively, the "Old Plans"). Outstanding grants
under the Old Plans will continue to be governed by their terms under the Old
Plans.

2. Aggregate Number of Awards

         2.1 Shares Subject to the Plan and Maximum Awards. The aggregate number
of shares of Common Stock for which Awards may be granted under the Plan shall
be 500,000 shares of Common Stock; provided, however, that such share reserve
shall be increased from time to time by a number of shares equal to the number
of shares of Common Stock that are issuable pursuant to option grants
outstanding under the Old Plans as of the Effective Date ("Existing Options")
that but for the termination and/or suspension of the Old Plans, would otherwise
have reverted to the share reserve of the Old Plans pursuant to the terms
thereof as a result of the expiration, termination, cancellation or forfeiture
of such options. As of the Effective Date, there were 541,738 Existing Options
outstanding. Such maximum numbers of shares are subject to adjustment in
accordance with Section 2.6. Treasury shares, reacquired shares (including
shares of Common Stock purchased in the open market) and unissued shares of
Common Stock may be used for purposes of the Plan, at Omega's sole discretion.
No fractional shares of Common Stock shall be delivered under the Plan.

         2.2 Section 162(m) Limits. The maximum number of shares of Stock for
which Stock Options may be granted to any person in any fiscal year is 50,000
shares and the maximum number of shares of Stock subject to SARs granted to any
person in any fiscal year is 10,000 shares. The maximum number of shares subject
to other Awards granted to any person in any fiscal year is 25,000 shares. The
foregoing provisions will be construed in a manner consistent with Section
162(m) of the Internal Revenue Code (the "Code").

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         2.3 Reversion of Shares to the Share Reserve. Shares of Common Stock
that were issuable pursuant to an Award that has terminated but with respect to
which such Award had not been exercised and shares of Common Stock that are
issued pursuant to an Award but that are subsequently forfeited shall be
available for future Awards under the Plan and shall not count toward the
maximum number of shares of Common Stock that may be issued under the Plan as
set forth in Section 2.1.

         2.4 Shares Used to Pay Exercise Price and Taxes. If a Participant pays
the exercise price of an Option by surrendering previously owned shares of
Common Stock, as may be permitted by the Compensation Committee ("Committee") of
the Board of Directors ("Board") of Omega, and/or arranges to have the
appropriate number of shares of Common Stock otherwise issuable upon exercise
withheld by the Company to cover the withholding tax liability associated with
the Option exercise, the surrendered shares of Common Stock and shares of Common
Stock used to pay taxes shall not count towards the maximum number of shares of
Common Stock that may be issued under the Plan as set forth in Section 2.1. If a
Participant, as permitted by the Committee, arranges to have an appropriate
number of shares of a Stock Award withheld by the Company to cover the
withholding tax liability associated with such Stock Award, the shares of Common
Stock used to pay taxes shall not count towards the maximum number of shares of
Common Stock that may be issued under the Plan as set forth in Section 2.1.

         2.5 Other Items Not Included in Allocation. The maximum number of
shares of Common Stock that may be issued under the Plan as set forth in Section
2.1 shall not be affected by (i) the payment in cash of dividends or dividend
equivalents in connection with outstanding Awards; (ii) the granting or payment
of stock-denominated Awards which by their terms may be settled only in cash; or
(iii) Awards that are granted through the assumption of, or in substitution for,
outstanding awards previously granted to individuals who have become employees
as a result of a merger, consolidation, or acquisition or other corporate
transaction involving the Company.

         2.6 Adjustments. In the event of any stock dividend, stock split,
combination or exchange of equity securities, merger, consolidation,
recapitalization, reorganization, divestiture or other distribution (other than
ordinary cash dividends) of assets to shareholders, or any other event affecting
the Common Stock that the Committee deems, in its sole discretion, to be similar
circumstances, the Committee may make such adjustments as it may deem
appropriate, in its discretion, to: (i) the maximum number of shares of Common
Stock that may be issued under the Plan as set forth in Section 2.1 or for any
type of Award as set forth in Section 5.1, Section 5.2 and Section 5.3; (ii) the
maximum number of shares of Common Stock that may be granted to any single
individual pursuant to Section 2.1; (iii) the number or kind of shares subject
to an Award; (iv) the Exercise Price applicable to an Award; (v) any measure of
performance that relates to an Award in order to reflect such change in the
Common Stock; and/or (vi) any other affected terms of any equity-based Award.
The Committee may also make such adjustments to take into account material
changes in law or in accounting practices or principles, mergers,
consolidations, acquisitions, dispositions or similar corporate transactions, or
any other event, as the Committee may determine in its sole discretion.

         2.7 Par Value. Notwithstanding anything herein to the contrary, if a
Participant is required by applicable law to pay the par value of the Common
Stock subject to an Award, such payment may be made in any form permitted by
applicable law, including services performed or contracted to be performed, in
the sole discretion of the Committee.

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3. Participation

         3.1 Eligible Persons. All current and future employees of the Company,
including officers ("Employees"), all directors of the Company (including
directors who are Employees and directors who are not Employees) and all other
persons who are not Employees or directors who, in the opinion of the Committee,
are in a position to make a significant contribution to the success of the
Company, shall be eligible to receive Awards under the Plan (each, a
"Participant"). No eligible Employee, director or other person shall have any
right to receive an Award except as expressly provided in the Plan.

         3.2 Considerations to Participation. The Participants who shall
actually receive Awards under the Plan shall be determined by the Committee in
its sole discretion. In making such determinations, the Committee shall consider
the positions and responsibilities of eligible Employees and other persons,
their past performance and contributions to the Company's growth and expansion,
the value of their services to the Company, the difficulty of finding qualified
replacements, and such other factors as the Committee deems pertinent in its
sole discretion.

         3.3 Cancellation and Modification of Awards. In the event of a change
in a Participant's duties and responsibilities, or a transfer of the Participant
to a different position, the Committee may cancel or modify any Award granted to
such Participant or adjust the number of shares of Common Stock subject thereto
commensurate with the transfer or change in responsibility, as determined by the
Committee, in its discretion, provided that no such action shall violate the
provisions of Section 5.1(b)(4), and provided further that the Committee may not
modify or cancel Awards exercisable at the time of such change in duties or
responsibilities or transfer or to which the Participant was irrevocably
entitled at the time of such change or transfer.

4. Administration

         4.1 Power and Authority. The Committee shall have full and exclusive
power to administer and interpret the Plan, to grant Awards and to adopt such
administrative rules, regulations, procedures and guidelines governing the Plan
and the Awards as it may deem necessary in its discretion, from time to time.
The Committee's authority shall include, but not be limited to, the authority
to: (i) determine the type of Awards to be granted under the Plan; (ii) select
Award recipients and determine the extent of their participation; (iii)
determine the method or formula for establishing the fair market value of the
Common Stock for various purposes under the Plan; and (iv) establish all other
terms, conditions, restrictions and limitations applicable to Awards and the
shares of Common Stock issued pursuant to Awards, including, but not limited to,
those relating to a Participant's Retirement (as defined in Section 6.1(e)),
death, Disability, leave of absence or termination of employment. The Committee
may accelerate or defer the vesting or payment of Awards, cancel or modify
outstanding Awards, waive any conditions or restrictions imposed with respect to
Awards or the Common Stock issued pursuant to Awards and make any and all other
interpretations and determinations which it deems necessary with respect to the
administration of the Plan, subject to the limitations contained in Section
5.1(b)(4) with respect to all Participants and subject to the provisions of
Section 162(m) of the Code with respect to "covered employees" as defined
thereunder, except that the Committee may not, without the consent of the holder
of an Award or unless specifically authorized by the terms of the Plan or an
Award, take any action under this clause with respect to such Award if such
action would adversely affect the rights of such holder. The Committee's

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right to make any decision, interpretation or determination under the Plan shall
be in its sole and absolute discretion.

         4.2 Administrators of the Plan. The Plan shall be administered by the
Committee. The Committee may delegate all or any portion of its authority
hereunder to one or more subcommittees consisting of at least one Committee
member (and references in this Plan to the "Committee" shall thereafter be to
the Committee or such subcommittees). The Committee shall be comprised of no
fewer than three members, each of whom must qualify as (i) an "Independent
Director" within the meaning of Rule 4200(a)(15) of the listing standards of the
Nasdaq Stock Market, Inc or any future corresponding rule; (ii) a "non-employee
director" within the meaning of Rule 16b-3(b)(3) under the Securities Exchange
Act of 1934, as amended (the "1934 Act"), or any future corresponding rule; and
(iii) an "outside director" within the meaning of the regulations promulgated
under Section 162(m) of the Code, or any future corresponding rule, provided
that the failure of the Committee or of the Board for any reason to be composed
solely of Independent Directors, non-employee directors or outside directors
shall not prevent an Award from being considered granted under this Plan.
Without limiting the generality of the foregoing, the Committee shall have the
authority to select a class of potential Award recipients and the extent of
their participation and to delegate to an appropriate officer of the Company the
authority to determine the individual Participants and amount and nature of the
Award to be issued to such Participants, subject to such criteria, limitations
and instructions as the Committee shall determine; provided, however, that no
Awards shall be made pursuant to such delegation to a Participant who is a
Covered Employee under Section 162(m) of the Code and/or is subject to Section
16(b) of the 1934 Act.

         4.3 Administration of the Plan. The Committee may adopt such rules for
the administration of the Plan as it deems necessary or advisable, in its sole
discretion. For all purposes of the Plan, a majority of the members of the
Committee shall constitute a quorum, and the vote of a majority of the members
of the Committee (or written consent of all of the members) on a particular
matter shall constitute the act of the Committee on that matter. The Committee
shall have the exclusive right to construe the Plan and any Award, to settle all
controversies regarding the Plan or any Award, to correct defects and omissions
in the Plan and in any Award, and to take such further actions as the Committee
deems necessary or advisable, in its sole discretion, to carry out the purpose
and intent of the Plan. Such actions shall be final, binding and conclusive upon
all parties concerned.

         4.4 Liability; Indemnification. No member of the Committee shall be
liable for any act or omission (whether or not negligent) taken or omitted in
good faith, or for the good faith exercise of any authority or discretion
granted in the Plan to the Committee, or for any act or omission of any other
member of the Committee. The members of the Committee shall be entitled to
indemnification and reimbursement to the fullest extent provided in Omega's
articles of incorporation, bylaws and applicable law. In the performance of its
functions under the Plan, the Committee shall be entitled to rely upon
information and advice furnished by Omega's officers, accountants, counsel and
other parties the Committee deems necessary, and no member of the Committee
shall be liable for any action taken or not taken in reliance upon such advice.

         4.5 Costs; Liabilities. All costs incurred in connection with the
administration and operation of the Plan shall be paid by the Company. Except
for the express obligations of the Company under the Plan and under Awards
granted in accordance with the provisions of the Plan, the Company shall have no
liability with respect to any Award, or to any Participant or any transferee of
shares of Common Stock from any Participant, including, but not limited to, any
tax

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liabilities, capital losses, or other costs or losses incurred by any
Participant or any such transferee.

5. Types of Awards

         5.1 Options.

                  (a) An Option is an Award entitling the recipient on exercise
thereof to purchase Common Stock at a specified exercise price. Both "incentive
stock options," as defined in Section 422 of the Code (any Option intended to
qualify as an incentive stock option is hereinafter referred to as an "ISO"),
and Options that are not incentive stock options (any such Option is hereinafter
referred to as a "non-ISO"), may be granted under the Plan. ISOs shall be
awarded only to Employees. The maximum amount of Options (including ISOs) that
may be awarded under the Incentive Plan will not exceed 500,000 shares of Common
Stock, plus the number of shares of Common Stock that become available as a
result of the expiration, termination, cancellation or forfeiture of Existing
Options.

                  (b) The exercise price of an Option shall be determined by the
Committee subject to the following:

                           (1) The exercise price of an ISO shall not be less
than 100% (110% in the case of an ISO granted to a ten percent or greater
shareholder) of the fair market value of the Common Stock subject to the ISO,
determined as of the time the Option is granted. A ten percent shareholder is
any person who at the time of grant owns, directly or indirectly, or is deemed
to own by reason of the attribution rules of Section 424(d) of the Code, stock
possessing more than 10% of the total combined voting power of all classes of
stock of the Company or of any of its subsidiaries.

                           (2) The exercise price of a non-ISO shall not be less
than 100% of the fair market value of the Common Stock subject to the non-ISO,
determined as of the time the non-ISO is granted.

                           (3) To the extent required by applicable law, the
exercise price paid for Common Stock which is part of an original issue of
authorized Common Stock shall not be less than the par value per share of the
Common Stock.

                           (4) In no case may the Committee reduce the exercise
price of an Option at any time after the time of grant, including by amendment
or cancellation and subsequent issuance, except in the case of an adjustment as
set forth in Section 2.6(iv) or unless approved by shareholders.

                           (5) Notwithstanding (1) and (2) above, an Option
(whether an ISO or non-ISO) may be granted with an exercise price determined
according to the provisions of Section 424(a) of the Code, if the grant of such
Option is pursuant to a transaction described in Section 424(a) of the Code.

                  (c) The period during which an Option may be exercised shall
be determined by the Committee, except that the period during which an Option
may be exercised shall not exceed ten years (five years, in the case of an ISO
granted to a ten percent shareholder) from the date the Option was granted.

                  (d) An Option shall become exercisable at such time or times,
and on such terms and conditions, as the Committee may determine. The Committee
may at any time accelerate the time at which all or any part of the Option may
be exercised. Any exercise of an Option must be in writing, signed by the proper
person and delivered or mailed to the Company,

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accompanied by (i) any documents required by the Committee and (ii) payment in
full in accordance with Section 5.1(e) below for the number of shares for which
the Option is exercised.

                  (e) Stock purchased on exercise of an Option must be paid for
as follows: (i) in cash or by check (acceptable to Omega in accordance with
guidelines established for this purpose), bank draft or money order payable to
the order of Omega or (ii) if so permitted by the instrument evidencing the
Option (or in the case of an Option which is not an ISO, by the Board at or
after grant of the Option), (A) through the delivery of shares of Common Stock
which have been outstanding for at least six months (unless the Board expressly
approves a shorter period) and which have a fair market value on the date of
exercise at least equal to the exercise price, or (B) by delivery of an
unconditional and irrevocable undertaking by a broker to deliver promptly to
Omega sufficient funds to pay the exercise price (including in connection with a
so-called "cashless exercise" effected by such broker), or (C) by any
combination of the permissible forms of payment.

                  (f) In the event a Participant tenders shares of Common Stock
to pay the exercise price of an Option and/or arranges to have a portion of the
shares otherwise issuable upon exercise withheld or sold to pay the applicable
withholding taxes, in no case may the Committee grant "reload" or "restoration"
options entitling the Participant to purchase shares of Common Stock equal to
the sum of the number of such shares tendered to pay the exercise price and the
number of shares used to pay the withholding taxes.

                  (g) Any Employee who disposes of shares acquired upon the
exercise of an ISO either (i) within two years after the date of grant of such
ISO or (ii) within one year after the transfer of such shares to the Employee
shall notify the Company of such disposition and of the amount realized upon
such disposition.

         5.2 Stock Appreciation Rights.

                  (a) A Stock Appreciation Right ("SAR") is an Award entitling
the recipient on its exercise to receive an amount, in cash or Common Stock or a
combination thereof (such form to be determined by the Committee), determined in
whole or in part by reference to appreciation in Common Stock value. In general,
a SAR entitles the Participant to receive, with respect to each share of Common
Stock as to which the SAR is exercised , the excess of the share's fair market
value on the date of exercise over its fair market value on the date the SAR was
granted ("Base Amount"), except that if a SAR is granted retroactively in
substitution for an Option, the fair market value established by the Committee
may be the fair market value at the time such Option was granted. Any such
substitution of a SAR for an Option granted to a "covered employee" under
Section 162(m) of the Code may only be made in compliance with the provisions
thereof. The maximum amount of SARS that may be awarded under the Incentive Plan
will not exceed 100,000 shares of Common Stock.

                  (b) Notwithstanding the above, the Committee may provide at
the time of grant that the amount the recipient is entitled to receive shall be
adjusted upward or downward under rules established by the Committee to take
into account the performance of the Common Stock in comparison with the
performance of other stocks or an index or indices of other stocks. The
Committee may also grant SARs that provide that following a Change in Control of
the Company (as defined in Section 6.2(c)) the holder of such SAR shall be
entitled to receive, with respect to each share of Common Stock subject to the
SAR, an amount equal to the excess of a specified value (which may include an
average of values) for a share of Common Stock during a period preceding such
Change in Control over the fair market value of a share of Common Stock on the
date the SAR was granted.

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                  (c) SARs may be granted in tandem with, or independently of,
Options granted under the Plan. A SAR granted in tandem with an Option that is
not an ISO may be granted either at or after the time the Option is granted. A
SAR granted in tandem with an ISO may be granted only at the time the Option is
granted.

                  (d) When SARs are granted in tandem with Options, the
following rules shall apply:

                           (1) The SAR shall be exercisable only at such time or
times, and to the extent, that the related Option is exercisable and shall be
exercisable in accordance with the procedure required for exercise of the
related Option.

                           (2) The SAR shall terminate and no longer be
exercisable upon the termination or exercise of the related Option, except that
a SAR granted with respect to less than the full number of shares covered by an
Option shall not be reduced until the number of shares as to which the related
Option has been exercised or has terminated exceeds the number of shares not
covered by the SAR.

                           (3) The Option shall terminate and no longer be
exercisable upon the exercise of the related SAR.

                           (4) The SAR shall be transferable only with the
related Option.

                           (5) A SAR granted in tandem with an ISO may be
exercised only when the market price of the Stock subject to the Option exceeds
the exercise price of such option.

                  (e) A SAR not granted in tandem with an Option shall become
exercisable at such time or times, and on such terms and conditions, as the
Committee may specify. The Committee may at any time accelerate the time at
which all or any part of the SAR may be exercised. Any exercise of an
independent SAR must be in writing, signed by the proper person and delivered or
mailed to Omega, accompanied by any other documents required by the Committee.

         5.3 Stock Awards.

                  (a) Form of Awards. The Committee may grant Awards ("Stock
Awards") which are payable in shares of Common Stock or denominated in units
equivalent in value to shares of Common Stock or are otherwise based on or
related to shares of Common Stock, including, but not limited to, Awards of
Unrestricted Stock, Restricted Stock, Deferred Stock and Restricted Stock Units,
subject to such terms, conditions, restrictions and limitations as the Committee
may determine to be applicable to such Stock Awards, in its discretion, from
time to time. The Committee may consider the impact of the conditions,
restrictions or limitations applicable to a Stock Award, as well as the
possibility of forfeiture or cancellation, in determining the fair market value
for purposes of determining the number of shares of Common Stock allocable to a
Stock Award. Without limiting the generality of the foregoing, the Committee may
issue Stock Awards to Participants in connection with management or employee
stock purchase programs. The maximum amount of Stock Awards that may be awarded
under the Incentive Plan will not exceed 250,000 shares of Common Stock.

                  (b) Unrestricted Stock. Shares of Common Stock may be used as
payment for services rendered (including any compensation that is intended to
qualify as performance-based compensation for purposes of Section 162(m) of the
Code), and unless otherwise determined by the Committee, no minimum vesting
period shall apply to such shares. Any shares of Common Stock used for such
payment shall be valued at the fair market value of such shares at the time of

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payment and shall be subject to such terms, conditions, restrictions and
limitations as shall be determined by the Committee at the time of payment.

                  (c) Restricted Stock. A Restricted Stock Award entitles the
recipient to acquire shares of Common Stock subject to the restrictions
described in Section 5.3(c)(3) ("Restricted Stock") for no consideration,
nominal consideration or any higher price, all as determined by the Committee,
subject to Section 2.7.

                           (1) A Participant who is granted a Restricted Stock
Award shall have no rights with respect to such Award unless the Participant
accepts the Award by written instrument delivered or mailed to Omega accompanied
by payment in full of the specified purchase price, if any, of the shares
covered by the Award. Payment may be by certified or bank check or other
instrument acceptable to the Committee.

                           (2) A Participant who receives Restricted Stock shall
have all the rights of a shareholder with respect to such stock, including
voting and dividend rights, subject to the restrictions described in 5.3(c)(3)
and any other conditions imposed by the Committee at the time of grant. Unless
the Committee otherwise determines, certificates evidencing shares of Restricted
Stock shall remain in the possession of the Company until such shares are free
of all restrictions under the Plan.

                           (3) Except as otherwise specifically provided by the
Plan or the Award, Restricted Stock may not be sold, assigned, exchanged,
pledged, gifted or otherwise disposed of, or transferred, and if a Participant
suffers a Status Change (as defined in Section 6.1) for any reason, must be
offered to Omega for purchase for the amount of cash paid for such stock, or
forfeited to the Company if no cash was paid. These restrictions shall lapse at
such time or times, and on such terms and conditions, as the Committee may
determine. The Committee may at any time accelerate the time at which the
restrictions on all or any part of the shares shall lapse.

                           (4) Any Participant making, or required by an Award
to make, an election under Section 83(b) of the Code with respect to Restricted
Stock shall deliver to Omega, within ten days of the filing of such election
with the Internal Revenue Service, a copy of such election.

                           (5) The Committee may, at the time any Award
described in this Section 5 is granted, provide that any or all the Common Stock
delivered pursuant to the Award shall be Restricted Stock.

                           (6) The Committee may, in its sole discretion,
approve the sale to any Participant of shares of Common Stock free of
restrictions under the Plan for a price which is not less than the par value of
the Common Stock.

                  (d) Deferred Stock. A Deferred Stock Award entitles the
recipient to receive shares of Common Stock to be delivered in the future.
Delivery of the Common Stock shall take place at such time or times, and on such
terms and conditions, as the Committee may determine. The Committee may at any
time accelerate the time at which delivery of all or any part of the Common
Stock shall take place. At the time any Award described in this Section 5 is
granted, the Committee may provide that, at the time Common Stock would
otherwise be delivered pursuant to the Award, the Participant shall instead
receive an instrument evidencing the Participant's right to future delivery of
Deferred Stock. Awards of Deferred Stock represent only an unfunded, unsecured
promise to deliver shares in the future and do not give Participants any greater
rights than those of an unsecured general creditor of the Company.

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                  (e) Restricted Stock Units. A Restricted Stock Unit is an
Award denominated in shares of Restricted Stock, pursuant to a formula
determined by the Committee, which may be settled either in shares of Restricted
Stock or in cash, in the discretion of the Committee, subject to such other
terms, conditions, restrictions and limitations determined by the Committee from
time to time.

         5.4 [intentionally omitted]

         5.5 Performance Awards. A Performance Award entitles the recipient to
receive, with or without payment, an Award or Awards described in this Section 5
(such form to be determined by the Committee) following the attainment of such
performance goals, during such measurement period or periods, and on such other
terms and conditions, all as the Committee may determine. Performance goals may
be related to personal performance, corporate performance, group or departmental
performance or any such other category of performance as the Committee may
determine, including the performance goals set forth in Section 5.6(b). The
Committee shall have the authority to determine the performance goals, the
period or period during which performance is to be measured and all other terms
and conditions applicable to the Award.

         5.6 Section 162(m) Limitations.

                  (a) If the Committee determines at the time an Award that is
intended to qualify as performance-based compensation for purposes of Section
162(m) of the Code is granted to a Participant that such Participant is, or may
be as of the end of the tax year for which the Company would claim a tax
deduction in connection with such Award, a "covered employee," then this Section
5.6 is applicable to such Award under such terms as the Committee shall
determine.

                  (b) If an Award is subject to this Section 5.6, then any grant
shall be subject to the achievement of specified levels of one or more of the
following performance goals, unless and until the Company's shareholders approve
a change to such performance goals: operating income, net earnings, earnings
before interest, taxes, depreciation and amortization (EBITDA), earnings before
interest and taxes (EBIT), net income, earnings per share, total shareholder
return, cash flow, return on assets, return on equity, decrease in expenses,
Common Stock price, price-earnings multiple, comparisons to market indices,
sales growth, market share, the achievement of certain quantitatively and
objectively determinable non-financial performance measures including, but not
limited to, operational measures, growth strategies, strategic initiatives,
corporate development and leadership development, and any combination of the
foregoing. The performance goals shall be determined and approved by the
Committee no later than the 90th day of the applicable fiscal year. Awards
subject to this Section 5.6 may not be adjusted upward. The Committee shall
retain the discretion to adjust such Awards downward. Prior to the payment of
any Award subject to this Section 5.6, the Committee shall certify in writing
that the applicable performance goal was satisfied.

                  (c) The Committee shall have the discretion to impose such
other restrictions on Awards subject to this Section 5.6 as it may deem
necessary or appropriate to ensure that such Awards qualify as performance-based
compensation for purposes of Section 162(m) of the Code. In the event that
applicable tax/and or securities laws change to permit the Committee the
discretion to alter the governing performance goals without obtaining
shareholder approval, the Committee shall have the sole discretion to make such
changes without obtaining shareholder approval. In addition, in the event that
the Committee determines that it is advisable to grant Awards, or modify
existing Awards, that shall not qualify as performance-based compensation

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for purposes of Section 162(m) of the Code, the Committee may make such grants
and modifications without satisfying the requirements of Section 162(m) of the
Code.

         5.7 Section 409A of the Code.

                  (a) Awards under the Plan are intended either to be exempt
from or to satisfy the requirements of the rules of Section 409A of the Code and
shall be construed accordingly. However, the Company shall not be liable to any
Participant or other holder of an Award with respect to any Award-related
adverse tax consequences arising under Section 409A or other provision of the
Code.

                  (b) To the extent that an Award under the Plan is intended to
satisfy the requirements of Section 409A of the Code and a provision of the Plan
or an Award agreement contravenes any Treasury regulations or other guidance
promulgated under Section 409A of the Code or could cause an Award to be subject
to the interest and additional tax under Section 409A of the Code, such
provision of the Plan or Award shall be modified to maintain, to the maximum
extent practicable, the original intent of the applicable provision without
violating the provisions of Section 409A of the Code. Moreover, any
discretionary authority that the Committee may have pursuant to the Plan shall
not be applicable to an Award that is subject to Section 409A of the Code to the
extent such discretionary authority would contravene Section 409A of the Code or
the Treasury regulations or other guidance promulgated thereunder.

                  (c) Notwithstanding any provisions of this Plan or any Award
granted hereunder to the contrary, no acceleration shall occur with respect to
any Award to the extent such acceleration would cause the Plan or an Award
granted hereunder to fail to comply with Section 409A of the Code.

                  (d) Notwithstanding any provisions of this Plan or any
applicable Award agreement to the contrary, no payment shall be made with
respect to any Award granted under this Plan to a "specified employee" (as such
term is defined for purposes of Section 409A of the Code) prior to the six-month
anniversary of the employee's separation of service to the extent such six-month
delay in payment is required to comply with Section 409A of the Code.

6. Events Affecting Outstanding Awards

         6.1 Termination of Service. If a Participant who is an Employee or
director ceases to be an Employee or director, or if there is a termination of
the consulting, service or other relationship in respect of which a non-Employee
Participant was granted an Award under the Plan (such termination of employment
or other relationship referred to as a "Status Change"), the following rules
shall apply, unless otherwise determined by the Committee:

         (a) All Options and SARs held by the Participant at the time of such
         Status Change, to the extent then exercisable, shall continue to be
         exercisable by the Participant for a period of 90 days after the
         Participant's Status Change; provided, however, that if the Status
         Change was due to death, Permanent Disability or Retirement, Options
         and SARs, to the extent then exercisable, shall continue to be
         exercisable by the Participant or his or her heirs, executor,
         administrator or other legal representative for a period of one year
         after the Participant's Status Change by reason of death or Permanent
         Disability and for a period of five years after the Participant's
         Status Change by reason of Retirement. After the expiration of such 90
         day period (or one-year period in the case of death or Permanent
         Disability or five-year period in the event of Retirement), all such
         Options and SARs shall terminate. In no event, however, shall an Option
         or SAR remain exercisable beyond the latest date on which it could have
         been exercised without regard to this Section 6.1.

<PAGE>

         All Options and SARs held by a participant at the time of such Status
         Change that are not then exercisable shall terminate upon such Status
         Change.

         (b) All Restricted Stock held by the Participant at the time of such
         Status Change shall be transferred to the Company (and, in the event
         the certificates representing such Restricted Stock are held by the
         Company, such Restricted Stock shall be so transferred without any
         further action by the Participant) in accordance with Section 5.3(c)
         above.

         (c) Any payment or benefit under a Restricted Stock Unit, Deferred
         Stock Award, Performance Award or other Award not specifically provided
         for in this Section 6.1 to which the Participant was not irrevocably
         entitled at the time of such Status Change shall be forfeited and the
         Award canceled as of the date of such Status Change.

         (d) "Disability" or "Permanent Disability" shall mean disability as
         defined in Section 22(e)(3) of the Internal Revenue Code or as
         otherwise determined by the Committee.

         (e) "Retirement" means termination of employment with or service to the
         Company by a Participant other than by reason of death or Permanent
         Disability or termination for Cause at a time when such Participant has
         attained age 65 (age 70 in the case of a non-employee director) or
         greater, or such other age as the Committee may approve.

         (f) Anything in this Section to the contrary notwithstanding, all
         Awards held by a Participant whose employment, directorship,
         consulting, service or other relationship with the Company was
         terminated for "Cause" shall, in the discretion of the Committee,
         terminate immediately as of the date of such Status Change. A
         termination by the Company of a Participant's employment, directorship,
         consulting, service or other relationship with the Company shall be for
         "Cause" if the Committee determines that the Participant: (i) was
         guilty of fraud, gross negligence or willful misconduct in the
         performance of his or her duties for the Company, (ii) willfully and
         continually failed to perform substantially the Participant's duties
         with the Company (other than any such failure resulting from incapacity
         due to Permanent Disability) after delivery of written demand for
         substantial performance to the Participant by the Board, the Committee
         or the Chief Executive Officer that specifically identified the manner
         in which the Board, the Committee or the Chief Executive Officer
         believed the Participant did not substantially perform his or her
         duties, (iii) breached or violated, in a material respect, any
         agreement between the Participant and the Company or any of the
         Company's codes of conduct or corporate policies, including policy
         statements regarding conflicts-of-interest, insider trading or
         confidentiality, (iv) committed a material act of dishonesty or breach
         of trust, (v) acted in a manner that was inimical or injurious, in a
         material respect, to the business or interests of the Company, or (vi)
         was convicted of, or plead guilty or nolo contendere to, a felony or
         any other crime involving moral turpitude which subjects, or if
         generally known, would subject, the Company to public ridicule or
         embarrassment.

         (g) For all purposes of this Section 6.1, the employment with the
         Company of a Participant who is an Employee shall not be deemed to have
         been terminated if the Participant is transferred from Omega to a
         subsidiary of Omega, or vice versa, or from one subsidiary of Omega to
         another and, in the sole discretion of the Committee, a Status Change
         shall not be deemed to have occurred if, on the date that a
         Participant's employment, directorship, consulting, service or other
         relationship with the Company terminates, such Participant has an
         employment, directorship, consulting, service or other relationship
         with the Company that, in the discretion of the Committee, would
         otherwise permit such Participant to receive an Award under this Plan.

<PAGE>

         6.2 Change in Control.

                  (a) Subject to the provisions of Section 6.2(b), in the event
of a Change in Control (as defined in Section 6.2(c)), the following rules shall
apply, unless otherwise expressly provided by the Committee in accordance with
Section 6.2(d):

                           (1) Each outstanding Option and SAR shall
automatically become exercisable in full upon the occurrence of such Change in
Control. This provision shall not prevent an Option or SAR from becoming
exercisable sooner as to Common Stock or cash that would otherwise have become
available under such Option or SAR during such period.

                           (2) Each outstanding share of Restricted Stock shall
automatically become free of all restrictions and conditions upon the occurrence
of such Change in Control. This provision shall not prevent the earlier lapse of
any restrictions or conditions on Restricted Stock that would otherwise have
lapsed during such period.

                           (3) Conditions on Restricted Stock Units, Deferred
Stock Awards, Performance Awards, which relate only to the passage of time and
continued employment shall automatically terminate upon the occurrence of such
Change in Control. This provision shall not prevent the earlier lapse of any
conditions relating to the passage of time and continued employment that would
otherwise have lapsed during such period. Performance or other conditions (other
than conditions relating only to the passage of time and continued employment)
shall continue to apply unless otherwise provided in the instrument evidencing
the Awards or in any other agreement between the Participant and the Company or
unless otherwise agreed to by the Committee.

                  (b) The Committee may, in its discretion, at the time an Award
is made hereunder or at any time prior to, coincident with or after the time of
a Change in Control: (i) require the purchase and sale of any Awards for an
amount of cash equal to the amount which a Participant could have obtained upon
the exercise or realization of such rights had such Awards been currently
exercisable; (ii) make such adjustment to the Awards then outstanding as the
Committee deems appropriate to reflect such Change in Control; (iii) if
applicable, provide that such Awards shall be cancelled upon the effectiveness
of such Change of Control and converted into the right to receive the same
consideration as shareholders are receiving in such Change of Control (net of
any exercise price and/or purchase price payable by the Participant and/or Base
Amount in the case of a SAR); and/or (iv) cause the Awards then outstanding to
be assumed, or their rights substituted therefor, by the surviving or acquiring
corporation in such Change in Control. The Committee may, in its discretion,
include such further provisions and limitations in any Award Agreement as it may
deem in the best interests of the Company.

                  (c) A "Change in Control" means: (i) the occurrence of an
event that would, if known to Omega's management, be required to be reported by
Omega as a change in control under Form 8-K pursuant to the 1934 Act; or (ii)
the acquisition or receipt, in any manner, by any person (as defined for
purposes of the 1934 Act) or any group of persons acting in concert, of direct
or indirect beneficial ownership (as defined for purposes of the 1934 Act) of
more than 50% of the combined voting securities ordinarily having the right to
vote for the election of directors of Omega; or (iii) a change in the
constituency of the Board with the result that individuals (the "Incumbent
Directors") who are members of the Board on the Effective Date (as defined in
Section 13) cease for any reason to constitute at least a majority of the Board,
provided that any individual who is elected to the Board after the Effective
Date and whose nomination for election was unanimously approved by the Incumbent
Directors shall be considered an Incumbent Director beginning on the date of his
or her election to the Board, but

<PAGE>

excluding, for this purpose, any such individual whose initial assumption of
office occurs as a result of an actual or threatened election contest (as
defined for purposes of the 1934 Act) with respect to the election or removal of
directors or other actual or threatened solicitation of proxies or consents by
or on behalf of a person other than the Board; or (iv) the sale, exchange,
liquidation or other disposition of all or more than 50% of Omega's business or
assets; unless in any such case, at least a majority of the Incumbent Directors
determine, prior to the occurrence of such Change in Control, that no Change in
Control has or will have occurred; or (v) the occurrence of a reorganization,
merger, consolidation or other corporate transaction involving Omega, in each
case, with respect to which Omega's shareholders immediately prior to such
transaction do not, immediately after such transaction, own more than 50% of the
combined voting securities ordinarily having the right to vote for the election
of directors of Omega or other corporation resulting from such transaction; or
(vi) the approval by Omega's shareholders of a complete liquidation or
dissolution of Omega; or (vii) any similar transaction, circumstance or event
which the Committee determines to constitute a Change in Control.

                  (d) The provisions (or any of them) of Section 6.2(a) shall
not apply to the extent expressly determined by at least 75% of the Incumbent
Directors at a duly convened meeting of the Board held before the occurrence of
a Change in Control.

                  (e) Any good faith determination by the Committee as to
whether a Change in Control within the meaning of this Section 6.2 has occurred
shall be conclusive and binding on the Participants.

                  (f) Compliance with Section 409A of the Code. In the case of
an Award providing for the payment of deferred compensation subject to Section
409A of the Code, any payment of such deferred compensation by reason of a
Change in Control shall be made only if the event constituting the Change in
Control is an event described in subsection (a)(2)(A)(v) of Section 409A of the
Code and Treasury regulations or other guidance thereunder and shall be paid
consistent with the requirements of Section 409A. If any deferred compensation
that would otherwise be payable by reason of a Change in Control cannot be paid
by reason of the immediately preceding sentence, it shall be paid as soon as
practicable thereafter consistent with the requirements of Section 409A of the
Code, as determined by the Committee.

         6.3 Special Forfeiture Provisions Following a Termination of
Employment. Notwithstanding the provisions of Section 6.1, in any instance where
the rights of a Participant with respect to an Award extend beyond a Status
Change other than by reason of death, all of such rights shall terminate and be
forfeited, if, in the determination of the Committee, the Participant, at any
time prior or subsequent to such Status Change (a) breaches or violates, in a
material way, the terms of any agreement with the Company, including any
employment agreement, termination agreement, confidentiality agreement,
non-solicitation agreement or non-competition agreement or (b) engaged or
engages in conduct that would have permitted the Company to terminate such
Participant's employment for "Cause" (as defined in Section 6.1(f)) if such
Participant was still an employee of the Company.

7. Grant and Acceptance of Awards

         7.1 Evidence of Approval. The Committee's approval of a grant of an
Award under the Plan, including the names of Participants and the size of the
Award, including the number of shares of Common Stock subject to the Award,
shall be reflected in minutes of meetings held by the Committee or in written
consents signed by members of the Committee. Once approved by the Committee,
each Award shall be evidenced by such written instrument, containing such

<PAGE>

terms as are required by the Plan and such other terms, consistent with the
provisions of the Plan, as may be approved from time to time by the Committee.

         7.2 Award Agreements. Each instrument may be in the form of agreements
to be executed by both the Participant and the Company, or certificates, letters
or similar instruments, which need not be executed by the Participant but
acceptance of which shall evidence agreement to the terms thereof. The grant of
an Award shall not impose any obligation on the Participant to accept the Award.

         7.3 Conditions. Except as specifically provided by the Plan or the
instrument evidencing an Award, a Participant shall not become a shareholder of
Omega until (i) the Participant makes any required payments in respect of the
Common Stock issued or issuable pursuant to the Award, (ii) the Participant
furnishes Omega with any required agreements, certificates, letters or other
instruments, and (iii) the Participant actually receives the shares of Common
Stock. Subject to any terms and conditions imposed by the Plan or the instrument
evidencing an Award, upon the occurrence of all of the conditions set forth in
the immediately preceding sentence, a Participant shall have all rights of a
shareholder with respect to shares of Common Stock, including, but not limited
to, the right to vote such shares and to receive dividends and other
distributions paid with respect to such shares. The Committee may, upon such
terms and conditions as it deems appropriate, provide that a Participant will
receive a benefit in lieu of cash dividends that would have been payable on any
and all Common Stock subject to the Participant's Award, had such Common Stock
been outstanding. Without limitation, the Board may provide for payment to the
Participant of amounts representing such dividends, either currently or in the
future, or for the investment of such amounts on behalf of the Participant.

         7.4 Payments and Deferrals. Payment of Awards may be in the form of
cash, shares of Common Stock, other Awards, or combinations thereof as the
Committee shall determine, subject to such terms, conditions, restrictions and
limitations as it may impose. The Committee may postpone the exercise of Options
or SARs, and may require or permit Participants to elect to defer the receipt or
issuance of shares of Common Stock pursuant to Awards or the settlement of
Awards in cash under such rules and procedures as it may establish, in its
discretion, from time to time. The Committee may adopt deferred compensation
plans to permit a Participant to defer the time when such Award is recognized
for income tax purposes. It also may provide for deferred settlements of Awards
including the payment or crediting of earnings on deferred amounts, or the
payment or crediting of dividend equivalents where the deferred amounts are
denominated in common share equivalents. In addition, the Committee may
stipulate in an Award Agreement, either at the time of grant or by subsequent
amendment, that a payment or portion of a payment of an Award be delayed in the
event that Section 162(m) of the Code (or any successor or similar provision of
the Code) would disallow a tax deduction by the Company for all or a portion of
such payment. The period of any such delay in payment shall be until the
payment, or portion thereof, is tax deductible, or such earlier date as the
Committee shall determine in its discretion.

         7.5 Removal of Restrictions. Notwithstanding any other provision of the
Plan, the Company shall not be obligated to deliver any shares of Common Stock
pursuant to the Plan or to remove any restriction from shares of Common Stock
previously delivered under the Plan (i) until all conditions to the Award have
been satisfied or removed, (ii) until, in the opinion of counsel to the Company,
all applicable Federal and state laws and regulations have been complied with,
(iii) if the outstanding Common Stock is at the time listed on any stock
exchange

<PAGE>

or included for quotation on an inter-dealer system, until the shares to be
delivered have been listed or included or authorized to be listed or included on
such exchange or system upon official notice of notice of issuance, (iv) if it
might cause the Company to issue or sell more shares of Common Stock that the
Company is then legally entitled to issue or sell, and (v) until all other legal
matters in connection with the issuance and delivery of such shares have been
approved by counsel to the Company. If the sale of Common Stock has not been
registered under the Securities Act of 1933, as amended, the Company may
require, as a condition to exercise of an Award, such representations or
agreements as counsel to the Company may consider appropriate to avoid violation
of such Act and may require that the certificates evidencing such Common Stock
bear an appropriate legend restricting transfer. If an Award is exercised by the
Participant's legal representative, the Company shall be under no obligation to
deliver Common Stock pursuant to such exercise until the Company is satisfied as
to the authority of such representative.

8. Tax Withholding

         The Company shall withhold from any cash payment made pursuant to an
Award an amount sufficient to satisfy all Federal, state and local withholding
tax requirements (the "withholding requirements"). In the case of an Award
pursuant to which Common Stock may be delivered, the Committee shall have the
right to require that the Participant or other appropriate person remit to the
Company an amount sufficient to satisfy the withholding requirements, or make
other arrangements satisfactory to the Committee with regard to such
requirements, prior to the delivery of any Common Stock. If and to the extent
that such withholding is required, the Committee may permit a Participant or
such other person or entity to elect at such time and in such manner as the
Committee may determine to have the Company hold back from the shares of Common
Stock to be delivered, or to deliver to the Company, Common Stock having a value
calculated to satisfy the withholding requirement. If at the time an ISO is
exercised, the Committee determines that the Company could be liable for
withholding requirements with respect to a disposition of the Common Stock
received upon exercise, the Committee may require as a condition of exercise
that the person exercising the ISO agree (i) to inform the Company promptly of
any disposition (within the meaning of Section 424(c) of the Code) of Common
Stock received upon exercise, and (ii) to give such security as the Committee
deems adequate to meet the potential liability of the Company for the
withholding requirements and to augment such security from time to time in any
amount reasonably deemed necessary by the Board to preserve the adequacy of such
security.

9. Dividends and Dividend Equivalents

         The Committee may provide that Stock Awards shall earn dividends or
dividend equivalents. Such dividends or dividend equivalents may be paid
currently or may be credited to an account maintained on the books of the
Company. Any payment or crediting of dividends or dividend equivalents will be
subject to such terms, conditions, restrictions and limitations as the Committee
may establish, from time to time, including reinvestment in additional shares of
Common Stock or common share equivalents. Unless the Committee determines
otherwise, any Employee subject to the reporting requirements of Section 16(a)
of the 1934 Act may not participate in dividend reinvestment programs
established under the Plan. The Committee shall determine the Participant's
rights under the Plan with respect to extraordinary dividends or distributions
on the shares of Common Stock.

<PAGE>

10. Voting

         The Committee shall determine whether a Participant shall have the
right to direct the vote of shares of Common Stock allocated to a Stock Award.
If the Committee determines that an Award shall carry voting rights, the shares
allocated to such Award shall be voted by the Company's Secretary, or such other
person as the Committee may designate in accordance with instructions received
from the Participant (unless to do so would constitute a violation of fiduciary
duties). Shares as to which no instructions are received shall be voted by the
Committee or its designee proportionately in accordance with instructions
received from Participants in the Plan (unless to do so would constitute a
violation of fiduciary duties).

11. Unfunded Plan

         Unless otherwise determined by the Committee, the Plan shall be
unfunded and shall not create (or be construed to create) a trust or a separate
fund or funds. The Plan shall not create any fiduciary relationship between the
Company on behalf of any Participant or other person. To the extent any
Participant holds any rights by virtue of an Award granted under the Plan, such
rights shall constitute general unsecured liabilities of the Company and shall
not confer upon any Participant any right, title, or interest in any assets of
the Company.

12. Rights as Shareholder

         Unless the Committee determines otherwise, a Participant shall not have
any rights as a shareholder with respect to shares of Common Stock covered by an
Award until the date the Participant becomes the holder of record with respect
to such shares in accordance with Section 7.3. No adjustment shall be made for
dividends or other rights for which the record date is prior to such date,
except as provided in Section 9.

13. Effective Date and Term of Plan

         The effective date of this Plan (the "Effective Date") is April 24,
2006, the date on which the Plan was approved by the affirmative vote of the
holders of Omega's Common Stock. No Award shall be granted more than ten years
after March 27, 2006, the date the Plan was approved by the Board.

14. Effect, Amendment, Suspension and Termination

         Unless otherwise determined by the Committee, Awards received by
Participants under the Plan shall not be deemed a part of a Participant's
regular, recurring compensation for purposes of calculating payments or benefits
under any Company benefit plan or severance program. No Employee, director or
other person shall have any claim or right to be granted an Award under the
Plan. There shall be no obligation of uniformity of treatment of Employees,
directors or other persons under the Plan and the terms and conditions of Awards
and the Committee's determinations and interpretations with respect thereto need
not be the same with respect to each Participant (whether or not such
Participants are similarly situated). Neither adoption of the Plan nor the grant
of Awards to a Participant shall affect the Company's right to grant to such
Participant awards that are not subject to the Plan, to issue to such
Participant Common Stock as a bonus or otherwise, or to adopt other plans or
arrangements under which Common Stock may be issued to Employees or other
persons or entities. The Committee reserves the right, at any time and from time
to time, to amend the Plan in any way, or to suspend or terminate the Plan,
effective as of the date specified by the Committee when it takes such

<PAGE>

action, which date may be before or after the date the Committee takes such
action; provided that any such action shall not affect any Awards granted before
the actual date on which such action is taken by the Committee; and further
provided that the approval of Omega's shareholders shall be required whenever
necessary for the Plan to continue to satisfy the conditions of Rule 16b-3 under
the 1934 Act, Section 422 of the Code with respect to the award of ISOs (unless
the Board determines that ISOs shall no longer be granted under the Plan), any
bylaw, rule or regulation of the market system or stock exchange on which
Omega's Common Stock is then listed or admitted to trading, or any other
applicable law, rule or regulation. Unless terminated earlier by the Board, this
Plan shall terminate on such date (which shall not be prior to March 27, 2016)
as all Awards under the Plan have been exercised or shall have terminated.

15. Other Provisions

         15.1 Future Rights. Nothing contained in the Plan or any Award shall
confer upon any Employee or other Participant the right to continue in the
employ of, or to continue to provide service to, the Company or any affiliated
person, or interfere in any way with the right of the Company or any affiliated
person to terminate the employment or service of any Employee or other
Participant for any reason.

         15.2 Grant Date. Corporate action constituting an offer by Omega of
Common Stock to any Participant under the terms of an Award shall be deemed
completed as of the date of grant of the Award, regardless of when the
instrument, certificate, or letter evidencing the Award is actually received or
accepted by the Participant.

         15.3 Transferability. None of a Participant's rights under any Award or
under the Plan may be assigned or transferred in any manner other than by will
or under the laws of descent and distribution. The foregoing shall not, however,
restrict a Participant's rights with respect to Unrestricted Stock or the
outright transfer of cash, nor shall it restrict the ability of a Participant's
heirs, estate, beneficiaries, or personal or legal representatives to enforce
the terms of the Plan with respect to Awards granted to the Participant.
Notwithstanding the foregoing, at the discretion of the Committee, the terms of
an Award may permit a Participant to transfer such Award to one or more members
of the Participant's family or to trusts, family partnerships, or other entities
for the benefit of the Participant and/or members of the Participant's family to
the extent provided in such Award and permitted under the terms for use of Form
S-8 promulgated under the Securities Act of 1933, as amended.

         15.4 Governing Law. The Plan, and all Awards granted hereunder, shall
be governed by and construed in accordance with the laws of the Commonwealth of
Pennsylvania.

         15.5 Interpretation. The headings of the Sections of the Plan are for
convenience of reference only and shall not affect the interpretation of the
Plan. All pronouns and similar references in the Plan shall be construed to be
of such number and gender as the context requires or permits. When used in this
Plan, the words "including" and "include" shall be deemed followed by the words
"without limitation." Except as otherwise indicated, the term "person" as used
in the Plan shall include individuals, corporations, partnerships, trusts,
estates, limited liability companies and partnerships and any other type of
entity.

         15.6 Severability. If any provision of the Plan is determined to be
unenforceable for any reason, then that provision shall be deemed to have been
deleted or modified to the extent necessary to make it enforceable, and the
remaining provisions of the Plan shall be unaffected.

<PAGE>

         15.7 Notices. All notices with respect to the Plan shall be in writing
and shall be hand delivered or sent by certified mail or reputable overnight
delivery service, expenses prepaid. Notices to the Company or the Committee
shall be delivered or sent to Omega's headquarters to the attention of its Chief
Financial Officer. Notices to any Participant or holder of shares of Common
Stock issued pursuant to an Award shall be sufficient if delivered or sent to
such person's address as it appears in the regular records of the Company or its
transfer agent.

         15.8 Prior Services. In any case that a Participant purchases Common
Stock under an Award for a price equal to the par value of the Common Stock, the
Committee may determine, in its sole discretion, that such price has been
satisfied by past services rendered by the Participant.

         15.9 Fair Market Value. For the purposes of the Plan and any Award
granted hereunder, unless otherwise determined by the Committee, the term "fair
market value" of Common Stock on a specified date shall mean the last sale price
for one share of Common Stock on the last trading day on or before the specified
date, as reported on the Nasdaq Stock Market, or on such other market system or
stock exchange on which Omega's Common Stock is then listed or admitted to
trading, or, if the foregoing does not apply, the market value determined by the
Board.

         15.10 Reduction of Payments. Unless otherwise agreed upon in writing by
the Company and a Participant, in the event that any payment, benefit or
transfer under the Plan to or for the benefit of a Participant pursuant to a
Change in Control from the Company or otherwise (a "Payment") would (i)
constitute a "parachute payment" within the meaning of Section 280G of the Code,
and (ii) but for this Section 15.10, be subject to the excise tax imposed by
Section 4999 of the Code (the "Excise Tax"), then such Payment shall be reduced
to the Reduced Amount. The "Reduced Amount" shall be either (x) the largest
portion of the Payment that would result in no portion of the Payment being
subject to the Excise Tax or (y) the largest portion, up to and including the
total, of the Payment, whichever amount, after taking into account all
applicable federal, state and local employment taxes, income taxes, and the
Excise Tax (all computed at the highest applicable marginal rate), results in
the Participant's receipt, on an after-tax basis, of the greater amount of the
Payment notwithstanding that all or some portion of the Payment may be subject
to the Excise Tax. If a reduction in payments or benefits constituting
"parachute payments" is necessary so that the Payment equals the Reduced Amount,
reduction shall occur in the following order unless the Participant elects in
writing a different order (provided, however, that such election shall be
subject to the Company's approval if made on or after the date on which the
event that triggers the Payment occurs): reduction of cash payments;
cancellation of accelerated vesting of Awards; and reduction of employee
benefits. In the event that the acceleration of vesting of Award compensation is
to be reduced, such acceleration of vesting shall be cancelled in the reverse
order of the date of grant of the Participant's Awards unless the Participant
elects in writing a different order for cancellation.

         15.11 Successors and Assigns. The Plan and any applicable Award
Agreement entered into under the Plan shall be binding on all successors and
assigns of a Participant, including the estate of such Participant and the
executor, administrator or trustee of such estate, or any receiver or trustee in
bankruptcy or representative of the Participant's creditors.<PAGE>

ITEM 10.2. AMENDED AND RESTATED BYLAWS OF OMEGA FINANCIAL CORPORATION, AS
           AMENDED

                         AMENDED AND RESTATED BYLAWS OF
                           OMEGA FINANCIAL CORPORATION

These Bylaws are supplemental to the Pennsylvania Business Corporation Law and
other applicable provisions of law, as the same shall from time to time be in
effect.

                       ARTICLE I. MEETINGS OF SHAREHOLDERS

Section 101. Place of Meeting. All meetings of the shareholders shall be held at
such place or places, within or without the Commonwealth of Pennsylvania, as
shall be determined by the Board of Directors from time to time.

Section 102. Annual Meeting. The annual meeting of the shareholders for the
election of Directors and the transaction of such other business as may properly
come before the meeting shall be held at such time as the Board of Directors
shall fix. Any business which is a proper subject for shareholder action may be
transacted at the annual meeting, irrespective of whether the notice of said
meeting contains any reference thereto, except as otherwise provided by
applicable law.

Section 103. Special Meetings. Special meetings of the shareholders may be
called at any time by the Board of Directors, the Chairman of the Board, the
President or by the shareholders entitled to cast at least one-third (1/3) of
the vote which all shareholders are entitled to cast at the particular meeting.

Section 104. Conduct of Shareholders' Meetings. The Chairman of the Board shall
preside at all shareholders' meetings. In the absence of the Chairman of the
Board, the Vice Chairman of the Board shall preside or, in his/her absence, the
President or, in his/her absence, any Officer designated by the Board of
Directors. The Officer presiding over the shareholders' meeting may establish
such rules and regulations for the conduct of the meeting as he/she may deem to
be reasonably necessary or desirable for the orderly and expeditious conduct of
the meeting. Unless the Officer presiding over the shareholders' meeting
otherwise requires, shareholders need not vote by ballot on any question.

ARTICLE II.  DIRECTORS AND BOARD MEETINGS

Section 201. Management by Board of Directors. The business and affairs of the
Corporation shall be managed by its Board of Directors. The Board of Directors
may exercise all such powers of the Corporation and do all such lawful acts and
things as are not by statute, regulation, the Articles of Incorporation or these
Bylaws directed or required to be exercised or done by the shareholders.

Section 202. Nomination of Directors and Submission of Proposals. Nominations
for directors to be elected, or proposals to be considered, at a meeting of
shareholders may be made by the Board of Directors or by any shareholder of any
outstanding class of capital stock of the Corporation. Nominations and proposals
by the Board of Directors shall be made pursuant to

<PAGE>

such procedures as they may determine. Nominations by shareholders for directors
to be elected, or proposals by shareholders to be considered, at a meeting of
shareholders and which have not been previously approved by the Board of
Directors must be submitted to the Secretary of the Corporation in writing,
either by personal delivery, nationally-recognized express mail or United States
mail, postage prepaid, not later than (i) with respect to an election to be
held, or a proposal to be considered, at an annual meeting of shareholders, the
latest date upon which shareholder proposals must be submitted to the
Corporation for inclusion in the Corporation's proxy statement relating to such
meeting pursuant to Rule 14a-8 under the Securities Exchange Act of 1934, as
amended, or any successor rule or regulation promulgated by the SEC or, if no
such rules apply, at least ninety (90) days prior to the date one year from the
date of the immediately preceding annual meeting of shareholders, and (ii) with
respect to an election to be held, or a proposal to be considered, at a special
meeting of shareholders, the earlier of (a) thirty (30) days prior to the
printing of the Corporation's proxy materials or information statement with
respect to such meeting or (b) if no proxy materials or information statement
are being distributed to shareholders, at least the close of business on the
fifth day following the date on which notice of such meeting is first given to
shareholders. Each such nomination or proposal shall set forth: (i) the name and
address of the shareholder making the nomination of proposal and the person or
persons nominated, or the subject matter of the proposal submitted; (ii) a
representation that the shareholder is a holder of record of capital stock of
the Corporation entitled to vote at such meetings and intends to appear in
person or by proxy at the meeting to vote for the person or persons nominated,
or the proposal submitted; (iii) a description of all arrangements and
understandings between the shareholder and each nominee and any other person or
persons (naming such person or persons) pursuant to which the nomination was
made, or the proposal was submitted, by the shareholder, (iv) such other
information regarding each nominee proposed by such shareholder as would be
required to be included in a proxy statement filed pursuant to the proxy rules
of the Securities and Exchange Commission had the nominee been nominated by the
Board of Directors; and (v) the consent of each nominee to serve as a director
of the Corporation if so elected. The officer presiding over the meeting, in his
or her sole and absolute discretion, may reject any nomination or proposal not
made in accordance with the foregoing.

Section 202A. Required Vote to Adopt Shareholder Proposals Not Previously
Approved by Board of Directors. Any proposal by shareholders which has not
previously received the approval of the Board of Directors shall require for its
adoption the affirmative vote of holders of more than fifty percent (50%) of the
votes which all shareholders are entitled to cast thereon, in addition to any
other approval which is required by law, the Amended and Restated Articles of
Incorporation, the Amended and Restated By-laws of the Corporation or otherwise.

Section 203. Directors Must be Shareholders. Every Director must be a
shareholder of the Corporation and shall own in his/her own right the number of
shares (if any) required by law in order to qualify as such Director. Any
Director shall forthwith cease to be a Director when he/she no longer holds such
shares, which fact shall be reported to the Board of Directors by the Secretary,
whereupon the Board of Directors shall declare the seat of such Director
vacated.

Section 204. Eligibility and Mandatory Retirement. Effective as of April 25,
1995, no person shall be eligible to be newly elected or appointed as a Director
if he/she will attain the age of seventy (70) years on or prior to December 31
of the calendar year in which he/she attains the age of seventy (70) years. Any
Director of the Corporation who attains the age of seventy (70) years shall
cease to be a Director (without any action on his/her part) on December 31 of
the calendar year in which he/she attains the age of 70 years.

<PAGE>

Section 205. Number of Directors. The Board of Directors shall consist of not
less than five (5) nor more than twenty-five (25) directors. The number of
directors to be elected subject to the foregoing limits shall be determined from
time to time by the Board of Directors.

Section 206. Classification of Directors. The Directors shall be divided into
three (3) classes, as nearly equal in number as possible, known as Class 1,
consisting of not more than eight (8) Directors; Class 2, consisting of not more
than eight (8) Directors; and Class 3, consisting of not more than nine (9)
Directors. The initial Directors of Class 1 shall serve until the third (3rd)
annual meeting of shareholders. At the third (3rd) annual meeting of the
shareholders, the Directors of Class 1 shall be elected for a term of three (3)
years and, after expiration of such term, shall thereafter be elected every
three (3) years for three (3) year terms. The initial Directors of Class 2 shall
serve until the second (2nd) annual meeting of the shareholders. At the second
(2nd ) annual meeting of the shareholders, the Directors of Class 2 shall be
elected for a term of three (3) years and, after the expiration of such term,
shall thereafter be elected every three (3) years for three (3) year terms. The
initial Directors of Class 3 shall serve until the first (1st) annual meeting of
the shareholders. At the first (1st) annual meeting of the shareholders, the
Directors of Class 3 shall be elected every three (3) years for three (3) year
terms. Each Director shall serve until his/her successor shall have been elected
and shall qualify, even though his/her term of office as herein provided has
otherwise expired, except in the event of his/her earlier resignation, removal
or disqualification.

Section 207. Vacancies. Vacancies in the Board of Directors, including vacancies
resulting from an increase in the number of Directors, may be filled by the
remaining members of the Board even though less than a quorum. Any Director
elected to fill a vacancy in the Board of Directors shall become a member of the
same Class of Directors in which the vacancy existed; but if the vacancy is due
to an increase in the number of Directors, a majority of the members of the
Board of Directors shall designate such directorship as belonging to Class 1,
Class 2 or Class 3 so as to maintain the three (3) classes of Directors as
nearly equal in number as possible. Each Director so elected shall hold office
for the unexpired term of the class to which he or she has been elected, and
thereafter until his or her successor shall have been duly elected and
qualified, except in the event of his or her earlier resignation, removal or
disqualification.

Section 208. Resignations. Any Director may resign at any time. Such resignation
shall be in writing, but the acceptance thereof shall not be necessary to make
it effective.

Section 209. Compensation of Directors. No Director shall be entitled to any
salary as such; but the Board of Directors may fix, from time to time, a
reasonable annual fee for acting as a Director and a reasonable fee to be paid
to each Director for his/her services in attending meetings of the Board and
meetings of committees appointed by the Board. The Corporation may reimburse
Directors for expenses related to their duties as a member of the Board.

Section 210. Regular Meetings. Regular meetings of the Board of Directors shall
be held on such day, at such hour, and at such place, consistent with applicable
law, as the Board shall from time to time designate or as may be designated in
any notice from the Secretary calling the meeting. The Board of Directors shall
meet for reorganization at the first regular meeting following the annual
meeting of shareholders at which the Directors are elected. Notice need not be
given of regular meetings of the Board of Directors which are held at the time
and place designated by the Board of Directors. If a regular meeting is not to
be held at the time and place designated by the Board of Directors, notice of
such meeting, which need not specify the business to be transacted thereat and
which may be either verbal or in writing, shall be given by

<PAGE>

the Secretary to each member of the Board at least twenty-four (24) hours before
the time of the meeting.

Directors shall attend a minimum of sixty-five (65%) percent of the regular
meetings held in any calendar year unless such absences shall be excused by the
Board of Directors in a manner prescribed by them from time to time. Failure to
attend a minimum of sixty-five (65%) percent of the regular meetings of the
Directors in any calendar year, without sufficient excuse, shall subject the
Director to removal from the Board of Directors in such manner as the Board of
Directors shall prescribe from time to time.

Section 211. Special Meetings. Special meetings of the Board of Directors may be
called by the Chairman of the Board, the President or whenever three (3) or more
members of the Board so request in writing. A special meeting of the Board of
Directors shall be deemed to be any meeting other than the regular meeting of
the Board of Directors. Notice of the time and place of every special meeting,
which need not specify the business to be transacted thereat and which may be
either verbal or in writing, shall be given by the Secretary to each member of
the Board at least twenty-four (24) hours before the time of such meeting.

Section 212. Reports and Records. The reports of Officers and Committees and the
records of the proceedings of all Committees shall be filed with the Secretary
of the Corporation and presented to the Board of Directors, if practicable, at
its next regular meeting. The Board of Directors shall keep complete records of
its proceedings in a minute book kept for that purpose. When a Director shall
request it, the vote of each Director upon a particular question shall be
recorded in the minutes.

                            ARTICLE III. COMMITTEES.

Section 301. Committees. The following two (2) Committees of the Board of
Directors shall be established by the Board of Directors in addition to any
other Committee the Board of Directors may in its discretion establish:
Executive Committee and Audit Committee.

Section 302. Executive Committee. The Executive Committee shall consist of any
five (5) or more Directors. A majority of the members of the Executive Committee
shall constitute a quorum, and actions of a majority of those present at a
meeting at which a quorum is present shall be the actions of the Committee.
Meetings of the Committee may be called at any time by the Chairman or Secretary
of the Committee, and shall be called whenever two (2) or more members of the
Committee so request in writing. The Executive Committee shall have and exercise
the authority of the Board of Directors in the management of the business of the
Corporation between the dates of regular meetings of the Board.

Section 303. Audit Committee. The Audit Committee shall consist of at least five
(5) Directors, none of whom shall be Officers of the Corporation. Meetings of
the Committee may be called at any time by the Chairman or Secretary of the
Committee, and shall be called whenever two (2) or more members of the Committee
so request in writing. A majority of the members at which a quorum is present
shall be the actions of the Committee. The Committee shall supervise the audit
of the books of the Corporation and recommend for approval by the Board the
services of a reputable certified public accounting firm to examine the affairs
of the Corporation.

<PAGE>

Section 304. Appointment of Committee Members. The Board of Directors shall
appoint the members of the Executive and Audit Committees and the Chairman and
Vice Chairman of each such Committee to serve until the next annual meeting of
shareholders.

Section 305. Organization and Proceedings. Each Committee of the Board of
Directors shall effect its own organization by the appointment of a Secretary
and such other Officers, except the Chairman and Vice Chairman as it may deem
necessary. A record of proceedings of all Committees shall be kept by the
Secretary of such Committee and filed and presented as provided in Section 214
of these Bylaws.

                              ARTICLE IV. OFFICERS.

Section 401. Officers. The Officers of the Corporation shall be a Chairman,
President, one (1) or more Vice Presidents, a Secretary, Chief Financial
Officer, and such other Officers and Assistant Officers as the Board of
Directors may from time to time deem advisable. Except for the Chairman,
President and Secretary, the Board may refrain from filling any of the said
offices at any time and from time to time. The same individual may hold any two
(2) or more offices except both the offices of President and Chief Financial
Officer. The following Officers shall be elected by the Board of Directors at
the time, in the manner and for such terms as the Board of Directors from time
to time shall determine: Chairman, President, Executive Vice President, Senior
Vice Presidents, Administrative Vice Presidents, Secretary and Chief Financial
Officer. The Chairman may, subject to change by the Board of Directors, appoint
such Officers and Assistant Officers as he/she may deem advisable provided such
Officers or Assistant Officers have a title not higher than Vice President, who
shall hold office for such periods as the Chairman shall determine. Any Officer
may be removed at any time, with or without cause, and regardless of the term
for which such Officer was elected, but without prejudice to any contract right
of such Officer.

Section 402. Chairman of the Board. The Board of Directors shall elect a
Chairman of the Board at its first regular meeting of the Board following each
annual meeting of shareholders at which Directors are present. The Chairman of
the Board shall be a member of the Board of Directors and shall preside at the
meetings of the Board and perform such other duties as may be prescribed by the
Board of Directors. The Chairman and Chief Executive Officer shall have general
supervision of all the departments and business of the Corporation and shall
prescribe the duties of the other officers and employees, and see to the proper
performance thereof. The Chairman and Chief Executive Officer shall be
responsible for having all orders and resolutions of the Board of Directors
carried into effect. The Chairman and Chief Executive Officer shall execute on
behalf of the Corporation and affix or cause to be affixed a seal to all
authorized documents and execution thereof shall be delegated to some other
Officer or Agent of the Corporation by the Board of Directors. The Chairman, in
the event of the absence or disability of the President or his/her refusal to
act, shall perform the duties and have the powers and authority of the
President, unless otherwise directed by the Board of Directors, except to the
effect inconsistent with applicable law.

Section 403. Vice Chairman of the Board. The Board of Directors may elect one
(1) or more Vice Chairmen of the Board as the Board of Directors may from time
to time deem advisable. The Vice Chairmen of the Board shall have such duties as
are predescribed by the Board of Directors or the Chairman of the Board.

<PAGE>

Section 404. President. The Board of Directors shall elect a President at the
first regular meeting of the Board following each annual meeting of the
shareholders at which Directors are present. The President shall perform such
duties, do such acts and be subject to such supervision as may be prescribed by
the Board of Directors or the Chairman. In the event of absence or disability of
the Chairman or the Vice Chairman (if named) or their refusal to act, the
President shall preside at all meetings of the Board. In general, the President
shall perform all the duties prescribed by the Board of Directors or the
Chairman.

Section 405. Vice President. The Board of Directors shall elect Vice Presidents
at the first regular meeting of the Board following each annual meeting of the
shareholders at which Directors are present. The Vice Presidents shall perform
such duties, do such acts and be subject to such supervision as may be
prescribed by the Board of Directors or the President. In the event of the
absence or disability of the President or his/her refusal to act, the Vice
Presidents in order of their rank, and within the same rank in the order of
their authority, shall perform the duties and have the powers and authorities of
the President, except to the extent inconsistent with applicable law.

Section 406. Secretary. The Board of Directors shall elect a Secretary at the
first regular meeting of the Board following each annual meeting of the
shareholders at which Directors are present. The Secretary shall act under the
supervision of the Chairman and C.E.O. or such other Officers as the President
may designate. Unless a designation to the contrary is made at a meeting, the
Secretary shall attend all meetings of the Board of Directors and all meetings
of the shareholders and record all of the proceedings of such meetings in book
to be kept for that purpose, and shall perform like duties for the Standing
Committees when required by these Bylaws or otherwise. The Secretary shall give,
or cause to be given, notice of all meetings of the shareholders and of the
Board of Directors. The Secretary shall keep a seal of the Corporation, and,
when authorized by the Board of Directors or the Chairman or President, cause it
to be affixed to any documents and instruments requiring it. The Secretary shall
perform such other duties as may be prescribed by the Board of Directors,
Chairman or such other supervising Officer as the Chairman may designate.

Section 407. Chief Financial Officer. The Board of Directors shall elect a Chief
Financial Officer at the first regular meeting of the Board following each
annual meeting of the shareholders at which Directors are present. The Chief
Financial Officer shall act under the supervision of the Chairman and Chief
Executive Officer or such other Officer as the Chairman and Chief Executive
Officer may designate. The Chief Financial Officer shall have custody of the
Corporation's funds and such other duties as may be prescribed by the Board of
Directors, Chairman or such other supervising Officer as the Chairman may
designate.

Section 408. Assistant Officers. Unless otherwise provided by the Board of
Directors, each Assistant Officer shall perform such duties as shall be
prescribed by the Board of Directors, the Chairman, President or the Officers to
whom he/she is an Assistant. In the event of the absence or disability of an
Officer or his/her refusal to act, his/her Assistant Officer shall, in the order
of their seniority, have the powers and authorities of such Officer.

Section 409. Compensation. Unless otherwise provided by the Board of Directors,
the salaries and compensation of all Officers and Assistant Officers, except the
Chairman and President shall be fixed by or in the manner designated by the
Chairman.

<PAGE>

Section 410. General Powers. The Officers are authorized to do and perform such
corporate acts as are necessary in the carrying on of the business of the
Corporation, subject always to the direction of the Board of Directors.

ARTICLE V.  INDEMNIFICATION

Section 501.  Personal Liabilities of Directors.

         (a)      A director of this corporation shall not be personally liable
                  for monetary damages as such for any action taken, or any
                  failure to take any action, unless

                  (1)      the director has breached or failed to perform the
                           duties of his office under Section 8363 of the
                           Pennsylvania Directors' Liability Act (which, as
                           amended from time to time, is hereafter called the
                           "Directors' Liability Act"); and

                  (2)      the breach of failure to perform constitutes
                           self-dealing, willful misconduct or recklessness.

         (b)      This Section 501 shall not limit a director's liability for
                  monetary damages to the extent prohibited by Section 8364(b)
                  of the Director's Liability Act.

Section 502. Mandatory Indemnification of Directors and Officers. The
Corporation shall, to the fullest extent permitted by applicable law, indemnify
its directors and officers who were or are a party or are threatened to be made
a party to any threatened, pending or completed action, suit or proceeding,
whether civil, criminal, administrative or investigative (whether or not such
action, suit or proceeding arises or arose by or in the right of the Corporation
or other entity) by reason of the fact that such director or officer is or was a
director or officer of the Corporation or is or was serving at the request of
the Corporation as a director, officer, employee, general partner, agent or
fiduciary of another corporation, partnership, partner, agent or fiduciary of
another corporation, partnership, joint venture, trust or other enterprise
(including service with respect to employee benefit plans), against expenses
(including, but not limited to, attorneys' fees and costs), judgments, fines
(including excise taxes assessed on a person with respect to any employee
benefit plan) and amounts paid in settlement actually and reasonably incurred by
such director or officer in connection with such action, suit or proceeding.
Persons who were directors or officers of the Corporation prior to the date this
Section is approved by shareholders of the corporation, but who do not hold such
office on or after such date, shall not be covered under this Section 502.

Section 503. Optional Indemnification. The Corporation may to the fullest extent
permitted by applicable law, indemnify and advance or reimburse expenses for all
persons in all situations other than that covered by this Article.

Section 504. Prior Bylaws. Any Bylaw provisions which are amended, replaced or
repealed by this Article shall continue to apply to any breach of performance of
duty or any failure or performance of duty by any director or officer to which
this Article does not apply by reason of Section 8367 of the Directors'
Liability Act.

ARTICLE VI.  SHARES OF CAPITAL STOCK

Section 601. Authority to Sign Share Certificates. Every share certificate of
the Corporation shall be signed by the Chairman or President and by the
Secretary or one of the Assistant

<PAGE>

Secretaries. Certificates may be signed by a facsimile signature of the
President and the Secretary or one of the Assistant Secretaries of the
Corporation.

Section 602. Lost or Destroyed Certificates. Any person claiming a share
certificate to be lost, destroyed or wrongfully taken shall receive a
replacement certificate if such person shall have: (a) requested such
replacement certificate before the Corporation has notice that the shares have
been acquired by a bona fide purchaser; (b) provided the Corporation with an
indemnity agreement satisfactory in form and substance to the Board of
Directors, or the President or the Secretary; and (c) satisfied any other
reasonable requirements (including providing an affidavit and a surety bond)
fixed by the Board of Directors, or the President or the Secretary.

                              ARTICLE VII. GENERAL.

Section 701. Fiscal Year. The fiscal year of the Corporation shall begin on the
first (1st) day of January in each year and end on the thirty-first (31st) day
of December in each year.

Section 702. Record Date. The Board of Directors may fix any time whatsoever
(whether or not the same is more than fifty (50) days prior to the date of any
meeting of shareholders, or the date for the payment of any dividend or
distribution, or the date for the allotment of rights, or the date when any
change or conversion or exchange of shares will be made or will go into effect),
as a record date for the determination of the shareholders entitled to notice
of, or to vote at, any such meetings, or entitled to receive payment of any such
dividend or distribution, or to receive any such allotment of rights, or to
exercise the rights in respect to any such change, conversion or exchange of
shares.

Section 703. Absentee Participation in Meetings. One (1) or more Directors may
participate in a meeting of the Board of Directors, or of a Committee of the
Board, by means of a conference telephone or similar communications equipment,
by means of which all persons participating in the meeting can hear each other.

Section 704. Emergency Bylaws. In the event of any emergency resulting from a
nuclear attack or similar disaster, and during the continuance of such
emergency, the following Bylaws provisions shall be in effect, notwithstanding
any other provisions by these Bylaws:

         (a)      A meeting of the Board of Directors or of any Committee
                  thereof may be called by any Officer or Director upon one (1)
                  hour's notice to all persons entitled to notice whom, in the
                  sole judgment of the notifier, it is feasible to notify;

         (b)      The Director or Directors in attendance at the meeting of the
                  Board of Directors or of any Committee thereof shall
                  constitute a quorum; and

         (c)      These Bylaws may be amended or repealed, in whole or in part,
                  by a majority vote of the Directors attending any meeting of
                  the Board of Directors, provided such amendment or repeal
                  shall only be effective for the duration of such emergency.

Section 705. Severability. If any provision of these Bylaws is illegal or
unforceable as such, such illegality or unenforceability shall not affect any
other provision of these Bylaws and such other provisions shall continue in full
force and effect.

Section 706. Subchapter E (Control Transactions)

<PAGE>

Subchapter E (Control Transactions) 15 P.S. 2541-2548 shall not be applicable to
the Corporation or to its securities, whether previously issued or hereafter
issued and whether the same have voting rights at the time of issuance or
acquire voting rights at any time thereafter.

ARTICLE VIII.  AMENDMENT OR REPEAL

Section 801. Amendment or Repeal by the Board of Directors. These Bylaws may be
amended or repealed, in whole or in part, by a majority vote of members of the
Board of Directors at any regular or special meeting of the Board duly convened.
Except as otherwise provided by applicable law, notice need not be given of the
purpose of the meeting of the Board of Directors at which the amendment or
repeal is to be considered.

Section 802. Recording Amendments and Repeals. The text of all amendments and
repeals to these Bylaws shall be attached to the Bylaws with a notation of the
date and vote of each such amendment or repeal.

ARTICLE IX.  APPROVAL OF AMENDED BYLAWS AND RECORD OF AMENDMENTS AND REPEAL.

Section 901. Approval and Effective Date. These Amended and Restated Bylaws have
been approved as the Bylaws of the Corporation this 28th day of June, 1994, and
shall be effective as of said date.

                                           David N. Thiel, Secretary

Section 902.  Amendments or Repeals.

<TABLE>
<CAPTION>
Section Involved      Date Amended or Repealed             Approved By
<S>                   <C>                             <C>
         204                April 25, 1995            Board of Directors

         202                June 25, 2001             Board of Directors

         402                April 25, 2005            Board of Directors

         404                April 25, 2005            Board of Directors

         202A               April 24, 2006            Shareholders
</TABLE>

ARTICLE X.  PENNSYLVANIA ACT NO. 1990-36

Subchapters G, H, I, and J of Pennsylvania Act No. 1990-36 shall not be
applicable to this Corporation.

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