Document:

EXHIBIT 10.2

                              AMENDED AND RESTATED
                         1997 EQUITY PARTICIPATION PLAN
                            of TRIARC COMPANIES, INC.
                         (as amended through 5/19/2005)

1.  Purpose

     The purpose of the Amended and Restated 1997 Equity Participation Plan (the
"Plan") of Triarc Companies, Inc. (the "Company") is to promote the interests of
the  Company  and its  stockholders  by (i)  securing  for the  Company  and its
stockholders the benefits of the additional  incentive inherent in the ownership
of the capital stock of the Company (the  "Capital  Stock") by key employees of,
and key consultants to, the Company and its  subsidiaries and affiliates who are
not "directors," "executive officers" or "officers" of the Company as such terms
are defined in either the  Securities  Act of 1933, as amended,  the  Securities
Exchange  Act of 1934,  as amended,  and the rules and  regulations  promulgated
thereunder,  the rules of the New York  Stock  Exchange,  Inc.  or the  Internal
Revenue Code of 1986, as amended,  and the  regulations  promulgated  thereunder
("Eligible  Participants"),  and who are  important to the success and growth of
the business of the Company and its  subsidiaries and (ii) assisting the Company
to secure  and  retain the  services  of such  persons.  The Plan  provides  for
granting such persons options  ("Options") for the purchase of shares of Capital
Stock (the "Shares") and tandem stock appreciation rights ("SARs").

2.  Administration

     The Plan shall be administered by the  Compensation  Committee of the Board
of Directors of the Company or such other committee or subcommittee of the Board
of  Directors of the Company as may be  designated  by the Board of Directors of
the  Company  to  administer  the Plan (the  "Committee").  The  members  of the
Committee may be changed at any time and from time to time in the  discretion of
the Board of Directors of the Company. Subject to the limitations and conditions
hereinafter  set forth,  the  Committee  shall have  authority to grant  Options
hereunder,  to  determine  the number of Shares for which each  Option  shall be
granted  and  the  Option  price  or  prices  and to  determine  any  conditions
pertaining  to the exercise or to the vesting of each Option and to grant tandem
SARs in  connection  with any Option  either at the time of the Option  grant or
thereafter.  The  Committee  shall have full power to construe and interpret the
Plan and any Plan agreement executed pursuant to the Plan to establish and amend
rules for its  administration,  and to  establish  in its  discretion  terms and
conditions  applicable to the exercise of Options or SARs. The  determination of
the Committee on all matters relating to the Plan or any Plan agreement shall be
conclusive.  No  member  of the  Committee  shall be  liable  for any  action or
determination  made  in  good  faith  with  respect  to the  Plan  or any  award
hereunder.

3.  Shares Subject to the Plan

     The Shares to be transferred or sold pursuant to the exercise of Options or
SARs granted under the Plan shall be authorized Shares, and may be issued Shares
reacquired  by the Company and held in its  treasury  or may be  authorized  but
unissued  Shares.  Subject to the  provisions of Section 11 hereof  (relating to
adjustments in the number and classes or series of Capital Stock to be delivered
pursuant to the Plan), the maximum aggregate number of Shares to be delivered on
the exercise of Options or SARs shall be 500,000 shares of the Company's Class A
Common  Stock,  par value  $0.10 per share  (the  "Class A Common  Stock"),  and
1,000,000  shares of the Company's  Class B Common  Stock,  par value $0.10 per.
Share ("Class B Common Stock") (collectively "Common Stock").

     If an Option  expires or  terminates  for any reason during the term of the
Plan and prior to the  exercise  in full of such  Option,  the  number of Shares
previously subject to but not delivered under such Option shall be available for
the grant of Options thereafter.

4. Eligibility

     Options  or SARs may be  granted  from  time to time to  selected  Eligible
Participants  of the Company or any subsidiary or affiliate,  as defined in this
Section 4. From time to time, the Committee  shall  designate from such Eligible
Participants  those  who  will be  granted  Options  or SARs  and in  connection
therewith,  the number of Shares to be covered by each grant of Options or SARs.
Persons  granted  Options or SARs are referred to  hereinafter  as  "optionees."
Nothing in the Plan,  or in any grant of Options or SARs  pursuant  to the Plan,
shall confer on any person any right to continue in the employ of the Company or
any of its subsidiaries,  nor in any way interfere with the right of the Company
or any of its subsidiaries to terminate the person's employment at any time.

     The term "subsidiary" shall mean, at the time of reference, any corporation
organized  or  acquired  (other  than  the  Company)  in an  unbroken  chain  of
corporations  beginning  with the Company if, at the time of reference,  each of
the corporations  (including the Company) other than the last corporation in the
unbroken chain owns stock  possessing  50% or more of the total combined  voting
power of all  classes of stock in one of the other  corporations  in such chain.
The term  "affiliate"  shall  mean any  person or entity  which,  at the time of
reference, directly, or indirectly through one or more intermediaries, controls,
is controlled by, or is under common control with, the Company.

                    PROVISIONS RELATING TO OPTIONS AND SARS

5. Character of Options

     Options granted hereunder shall not be incentive stock Options as such term
is defined in Section 422 of the Internal  Revenue Code of 1986, as amended from
time to time (the "Code").  Options granted  hereunder shall be  "non-qualified"
stock options subject to the provisions of Section 83 of the Code.

     If an Option  granted under the Plan is exercised by an optionee,  then, at
the  discretion  of the  Committee,  the optionee may receive a  replacement  or
reload  Option  hereunder  to purchase a number of Shares equal to the number of
Shares utilized to pay the exercise price and/or withholding taxes on the Option
exercise, with an exercise price equal to the "fair market value" (as defined in
Section 7 of the Plan) of a Share on the date such  replacement or reload Option
is granted, and, unless the Committee determines otherwise, with all other terms
and  conditions  (including  the date or dates on which the Option  shall become
exercisable and the term of the Option) identical to the terms and conditions of
the Option with respect to which the reload Option is granted.

6. Stock Option Agreement

     Each Option  granted under the Plan,  whether or not  accompanied  by SARs,
shall be evidenced by a written stock Option agreement,  which shall be executed
by the Company and by the person to whom the Option is  granted.  The  agreement
shall  contain such terms and  provisions,  not  inconsistent  with the Plan, as
shall be determined by the Committee.

7. Option Exercise Price

     The  price per  Share to be paid by the  optionee  on the date an Option is
exercised  shall not be less than 50  percent  of the fair  market  value of one
Share on the date the Option is granted.

     For  purposes  of this  Plan,  the  "fair  market  value" as of any date in
respect of any Shares of Class A Common  Stock shall mean either (i) the closing
price per share of Class A Common  Stock on such date or (ii) the average of the
high and low sales  prices of a share of Class A Common  Stock on such date,  as
determined  by the  Committee in its sole  discretion.  The closing price on any
such date shall be (a) as reported on the  composite  transactions  tape for the
principal  exchange  on which the Class A Common  Stock is listed or admitted to
trading (the "Composite  Tape"),  or if the Class A Common Stock is not reported
on the Composite  Tape or if the Composite Tape is not in use, the last reported
sales price regular way on the principal national  securities  exchange on which
the Class A Common Stock shall be listed or admitted to trading  (which shall be
the national securities exchange on which the greatest number of shares of Class
A Common Stock has been traded during the 30 consecutive trading days commencing
45  trading  days  before  such  date),  or,  in  either  case,  if  there is no
transaction  on any such date,  the average of the closing bid and asked  prices
regular  way on such date,  or (b) if the Class A Common  Stock is not listed on
any national  securities  exchange but is quoted in the Nasdaq  National  Market
(the "Nasdaq") on a last sale basis,  the average between the high bid price and
low ask price  reported on such date, or, if there is no such sale on that date,
then on the last  preceding  date on which a sale was  reported.  If on any such
date the Class A Common Stock is not listed by or quoted on any such exchange or
the Nasdaq,  the fair market value of any Shares of Class A Common Stock on such
date shall be determined by the Committee in its sole discretion.

     For  purposes  of this  Plan,  the  "fair  market  value" as of any date in
respect of any Shares of Class B Common  Stock shall mean either (i) the closing
price per share of Class B Common  Stock on such date or (ii) the average of the
high and low sales  prices of a share of Class B Common  Stock on such date,  as
determined  by the  Committee in its sole  discretion.  The closing price on any
such date shall be (a) as reported on the  composite  transactions  tape for the
principal  exchange  on which the Class B Common  Stock is listed or admitted to
trading  (the "Class B Composite  Tape"),  or if the Class B Common Stock is not
reported on the Class B Composite  Tape or if the Class B Composite  Tape is not
in use, the last  reported  sales price  regular way on the  principal  national
securities  exchange  on which  the  Class B Common  Stock  shall be  listed  or
admitted to trading  (which shall be the national  securities  exchange on which
the greatest number of shares of Class B Common Stock has been traded during the
30 consecutive trading days commencing 45 trading days before such date), or, in
either case,  if there is no  transaction  on any such date,  the average of the
closing bid and asked  prices  regular  way on such date,  or (b) if the Class B
Common Stock is not listed on any national  securities exchange but is quoted in
the Nasdaq on a last sale basis,  the average between the high bid price and low
ask price reported on such date, or, if there is no such sale on that date, then
on the last preceding date on which a sale was reported. If on any such date the
Class B Common  Stock is not  listed by or quoted  on any such  exchange  or the
Nasdaq, the fair market value of any Shares of Class B Common Stock on such date
shall be determined by the Committee in its sole discretion.

8.  Option Term

     The period after which Options  granted under the Plan may not be exercised
shall be determined by the Committee  with respect to each Option  granted,  but
may not  exceed  fifteen  years  from the date on which the  Option is  granted,
subject to the third paragraph of Section 9 hereof.

9.  Exercise of Options

     The time or times at which or during which  Options or SARs  granted  under
the Plan may be exercised,  and any conditions pertaining to such exercise or to
the vesting in the optionee of the right to exercise  Options or SARs,  shall be
determined by the Committee in its sole  discretion.  Subsequent to the grant of
an Option which is not  immediately  exercisable in full, the Committee,  at any
time before complete termination of such Option and the related SAR, if any, may
accelerate  or extend the time or times at which such Option may be exercised in
whole or in part.

     No Option or SAR granted  under the Plan shall be  assignable  or otherwise
transferable by the optionee,  either  voluntarily or  involuntarily,  except by
will or the laws of  descent  and  distribution  and an  Option  or SAR shall be
exercisable during the optionee's lifetime only by the optionee.

     The  unexercised  portion of any Option or SAR granted under the Plan shall
automatically  and without notice terminate and become null and void at the time
of the earliest to occur of the following:

           (a) the expiration of the period of time determined by the
           Committee upon the grant of such Option; provided that such
           period shall not exceed fifteen years from the date on which
           such Option was granted;

           (b)the termination of the optionee's employment by, or services
           to, the Company and its subsidiaries if such termination
           constitutes or is attributable to a breach by the optionee of
           an employment or consulting agreement with the Company or any
           of its subsidiaries, or if the optionee is discharged or if
           his or her services are terminated for cause; or

           (c)the expiration of such period of time or the occurrence of
           such event or events as the Committee in its discretion may
           provide upon the granting thereof.

     The Committee and the Board of Directors  shall have the right to determine
what  constitutes  cause for discharge or termination  of services,  whether the
optionee has been discharged or his or her services terminated for cause and the
date of such discharge or termination of services, and such determination of the
Committee or the Board of Directors shall be final and conclusive.

     In the  event  of the  death  of an  optionee,  Options  or  SARs,  if any,
exercisable  by the  optionee  at the time of his or her death may be  exercised
within one year  thereafter  by the  person or  persons  to whom the  optionee's
rights  under  the  Options  or  SARs,  if  any,  shall  pass  by will or by the
applicable law of descent and distribution.  However, in no event may any Option
or SAR be exercised by anyone after the earlier of (a) the final date upon which
the  optionee  could  have  exercised  it  had  the  optionee  continued  in the
employment  of the  Company or its  subsidiaries  to such date,  or (b) one year
after the optionee's death.

     An Option may be  exercised  only by a notice in writing  complying  in all
respects with the applicable  stock Option  agreement.  Such notice may instruct
the  Company  to  deliver  Shares  due upon the  exercise  of the  Option to any
registered  broker or dealer  approved by the Company (an "approved  broker") in
lieu of delivery to the optionee.  Such instructions shall designate the account
into which the Shares are to be deposited.  The optionee may tender such notice,
properly  executed by the optionee,  together with the  aforementioned  delivery
instructions,  to an approved  broker.  The  purchase  price of the Shares as to
which an Option is exercised shall be paid in cash or by check,  except that the
Committee may, in its discretion,  allow such payment to be made by surrender of
unrestricted Shares (at their fair market value on the date of exercise),  or by
a combination of cash, check and unrestricted Shares.

     Payment in accordance with this Section 9 may be deemed to be satisfied, if
and to the extent provided in the applicable  Option  agreement,  by delivery to
the Company of an  assignment  of a sufficient  amount of the proceeds  from the
sale of Shares acquired upon exercise to pay for all of the Shares acquired upon
exercise and an  authorization to the broker or selling agent to pay that amount
to the Company,  which sale shall be made at the grantee's direction at the time
of exercise,  provided  that the Committee may require the grantee to furnish an
opinion of counsel  acceptable to the Committee to the effect that such delivery
would not result in the grantee  incurring any liability under Section 16 of the
Securities  Exchange Act of 1934, as amended,  and does not require the consent,
clearance or approval of any  governmental  or regulatory  body  (including  any
securities exchange or similar self-regulatory organization).

     Wherever in this Plan or any Option  agreement  an optionee is permitted to
pay the  exercise  price of an Option or taxes  relating  to the  exercise of an
Option  by  delivering   Shares,   the  optionee  may,   subject  to  procedures
satisfactory to the Committee,  satisfy such delivery  requirement by presenting
proof of  beneficial  ownership of such Shares,  in which case the Company shall
treat the Option as exercised  without  further  payment and shall withhold such
number of Shares from the Shares  acquired by the  exercise of the Option (or if
the Option is paid in cash,  cash in an amount equal to the fair market value of
such shares on the date of exercise).

     The obligation of the Company to deliver Shares upon such exercise shall be
subject to all applicable laws, rules and regulations,  and to such approvals by
governmental agencies as may be deemed appropriate by the Committee,  including,
among  others,  such steps as counsel for the Company  shall deem  necessary  or
appropriate  to comply with  requirements  of  relevant  securities  laws.  Such
obligation  shall also be subject to the condition that the Shares  reserved for
issuance  upon the  exercise of Options  granted  under the Plan shall have been
duly listed on any  national  securities  exchange  which then  constitutes  the
principal trading market for the Shares.

9A  Stock Appreciation Rights

     The  Committee  may in its  discretion  grant SARs in  connection  with any
Option, either at the time the Option is granted or at any time thereafter while
the Option remains outstanding, to any person who at that time is eligible to be
granted  an  Option.  The  number of SARs  granted  to a person  which  shall be
exercisable  during  any given  period of time  shall not  exceed  the number of
Shares which such optionee may purchase upon the exercise of the related  Option
or Options during such period of time.  Upon the exercise of an Option  pursuant
to the Plan,  the SARs  relating to the Shares  covered by such  exercise  shall
terminate. Upon the exercise of SARs pursuant to the Plan, the related Option to
the extent of an equal number of Shares shall terminated.

     Upon an optionee's  exercise of some or all of such  optionee's  SARs,  the
optionee  shall  receive in settlement of such SARs an amount equal to the value
of the stock  appreciation  for the number of SARs  exercised,  payable in cash,
Shares or a combination  thereof,  as  determined in the sole  discretion of the
Committee.  The stock  appreciation for an SAR is the difference between (i) the
fair market value, as determined by the Committee as set forth in the underlying
agreement,  of the underlying  Share on the date of the exercise of such SAR and
(ii) the Option  price  specified  for the related  Option.  At the time of such
exercise,  the optionee  shall have the right to elect the portion of the amount
to be received  that shall consist of cash and the portion that shall consist of
Shares,  which, for purposes of calculating the number of Shares to be received,
shall be valued at their fair market  value on the date of the  exercise of such
SARs. The Committee in its sole discretion shall have the right to disapprove an
optionee's  election to receive cash in full or partial  settlement  of the SARs
exercised,  and to require the Shares to be delivered in lieu of cash. If Shares
are to be received  upon  exercise of an SAR, cash shall be delivered in lieu of
any fractional share.

     An SAR shall be  exercisable  only  during  the  period  determined  by the
Committee,  which  period shall be within the period when the Option to which it
is related is exercisable.

                               GENERAL PROVISIONS

10. Shareholder Rights

     No optionee  shall have any of the rights of a shareholder  with respect to
any Shares  unless  and until he or she has  exercised  his or her  Option  with
respect to such Shares and has paid the full purchase price therefor.

11. Changes in Shares

     In the  event of (i) any  split,  reverse  split,  combination  of  shares,
reclassification,   recapitalization   or  similar  event  (including,   without
limitation,  any  extraordinary  dividends  payable in cash or any spin-off of a
subsidiary)  which  involves,  affects  or is made  with  regard to any class or
series of Capital  Stock  which may be  delivered  pursuant  to the Plan  ("Plan
Shares"),  (ii) any dividend or distribution on Plan Shares payable in stock, or
(iii) a merger,  consolidation or other reorganization as a result of which Plan
Shares shall be  increased,  reduced or otherwise  changed or affected,  then in
each such event the Committee  shall, to the extent it deems it to be consistent
with such event and  necessary  or  equitable  to carry out the  purposes of the
Plan, appropriately adjust (a) the maximum number of shares of Capital Stock and
the classes or series of such Capital  Stock which may be delivered  pursuant to
the Plan, (b) the number of shares of Capital Stock and the classes or series of
Capital Stock subject to  outstanding  Options or SARs, (c) the Option price per
share of all Capital Stock  subject to  outstanding  Options,  and (d) any other
provisions of the Plan;  provided,  however,  that (I) any  adjustments  made in
accordance  with clauses (b) and (c) shall make any such  outstanding  Option or
SAR, as nearly as  practicable,  equivalent  to such  Option or SAR  immediately
prior to such change and (II) no such  adjustment  shall give any  optionee  any
additional benefits under any outstanding Option.

12. Reorganization

     In the  event  that the  Company  is merged or  consolidated  with  another
corporation,  or in the event that all or substantially all of the assets of the
Company are acquired by another corporation, or in the event of a reorganization
or liquidation of the Company (each such event being hereinafter  referred to as
a  "Reorganization  Event")  or in the event that the Board of  Directors  shall
propose that the Company enter into a Reorganization  Event,  then the Committee
may in its discretion take any or all of the following  actions:  (i) by written
notice to each  optionee,  provide  that his or her Options  will be  terminated
unless  exercised  within  thirty days (or such longer  period as the  Committee
shall determine in its sole  discretion)  after the date of such notice (without
acceleration of the  exercisability of such Options);  and (ii) advance the date
or dates upon which any or all outstanding Options shall be exercisable.

     Whenever  deemed  appropriate by the Committee,  any action  referred to in
subparagraph  (a) above may be made  conditional  upon the  consummation  of the
applicable  Reorganization  Event. The provisions of this Section 12 shall apply
notwithstanding any other provision of the Plan.

13. Change of Control

     Notwithstanding  anything  in  the  Plan  to the  contrary,  upon  (i)  the
acquisition  by any person of 50% or more of the  combined  voting  power of the
Company's  outstanding  securities entitled to vote generally in the election of
directors,  or (ii) a majority of the directors of the Company being individuals
who are not  nominated by the Board of Directors (a "Change of  Control"),  then
any  outstanding  Options  granted under the Plan shall be fully and immediately
exercisable.  The acquisition of any portion of the combined voting power of the
Company by DWG  Acquisition  Group,  L.P.,  Nelson  Peltz or Peter May or by any
person  affiliated  with such persons (or the  acquisition or disposition by any
person or persons who receive any award under Section 11 of the 1993 Plan) shall
in no event constitute a Change of Control.

14. Withholding Taxes

     Whenever under the Plan shares of Common Stock are to be delivered pursuant
to an award,  the  Committee  may  require as a condition  of delivery  that the
optionee or grantee remit an amount sufficient to satisfy all federal, state and
other governmental holding tax requirements related thereto. Whenever cash is to
be paid under the Plan  (whether  upon  exercise  of an SAR or  otherwise),  the
Company may, as a condition of its payment, deduct therefrom, or from any salary
or other  payments  due to the  grantee,  an amount  sufficient  to satisfy  all
federal,  state and other  governmental  withholding  tax  requirements  related
thereto or to the delivery of any shares of Common Stock under the Plan.

     Without limiting the generality of the foregoing, (i) an optionee may elect
to satisfy all or part of the foregoing withholding  requirements by delivery of
unrestricted  shares  of Common  Stock  owned by the  optionee  for at least six
months (or such  other  period as the  Committee  may  determine)  having a fair
market value  (determined as of the date of such delivery by the optionee) equal
to all or part of the amount to be so withheld,  provided that the Committee may
require, as a condition of accepting any such delivery,  the optionee to furnish
an  opinion of  counsel  acceptable  to the  Committee  to the effect  that such
delivery would not result in the optionee  incurring any liability under Section
16(b) of the Act; and (ii) the Committee may permit any such delivery to be made
by  withholding  shares of  Common  Stock  from the  Shares  otherwise  issuable
pursuant to the award giving rise to the tax  withholding  obligation  (in which
event the date of delivery shall be deemed the date such award was exercised).

15. Amendment and Discontinuance

     The Board may amend, alter, suspend,  discontinue, or terminate the Plan or
any portion thereof at any time;  provided that no such  amendment,  alteration,
suspension,  discontinuation  or termination  shall be made without  stockholder
approval if such  approval  is  necessary  to comply with any tax or  regulatory
requirement applicable to the Plan and provided further that any such amendment,
alteration,  suspension,  discontinuance  or  termination  that would impair the
rights of any optionee or any holder or  beneficiary  of any Option  theretofore
granted  shall not to that  extent  be  effective  without  the  consent  of the
affected optionee, holder or beneficiary.

16. Securities Laws.

     Notwithstanding  any  provision of the Plan or any Option  agreement to the
contrary,  the  exercise  of the Options  and  delivery of Shares in  connection
therewith will be subject to completion of any registration or qualification (or
satisfaction of an available  exemption from  registration or  qualification) of
the Options or the Shares under applicable state and federal securities or other
laws,  or under any ruling or regulation  of any  governmental  body or national
securities exchange that the Company, on the advice of counsel, determines to be
necessary or advisable.

17. Governing Laws

     The Plan shall be applied and construed in  accordance  with an governed by
the law of the State of Delaware, to the extent such law is not superseded by or
inconsistent with Federal law.

18. Effective Date and Duration of Plan

     The Plan shall  become  effective  on December  11,  1997,  the date of its
adoption by the Executive  Committee of the Board of Directors.  The term during
which Options may be granted under the Plan shall expire on December 11, 2002.

19. Amendments to Agreements

     Notwithstanding any other provision of the Plan, the Board of Directors, or
any authorized  committee thereof,  may amend the terms of any agreement entered
into in connection  with any award granted  pursuant to the Plan,  provided that
the terms of such amendment are not inconsistent with the terms of the Plan.

20. Deferral

     The Committee, in its sole discretion, may establish procedures whereby one
or more  optionees  selected by the  Committee may elect to defer the receipt of
Shares upon the exercise of Options (which are not incentive  stock options) for
a specified period and/or until the occurrence of a specified event.EXHIBIT 10.3

                              AMENDED AND RESTATED
                         1998 EQUITY PARTICIPATION PLAN
                            of TRIARC COMPANIES, INC.
                         (as amended through 5/19/2005)

     1.   Purpose.   The  purpose  of  the  Amended  and  Restated  1998  Equity
Participation  Plan (the "Plan") of Triarc  Companies,  Inc.  ("Company")  is to
promote the  interests of the Company and its  stockholders  by (i) securing for
the Company  and its  stockholders  the  benefits  of the  additional  incentive
inherent in the  ownership  of the capital  stock of the Company  (the  "Capital
Stock") by selected officers,  directors ("Directors") and key employees of, and
consultants  to,  the  Company  and  its  subsidiaries  and  affiliates  who are
important  to the  success  and growth of the  business  of the  Company and its
subsidiaries and (ii) assisting the Company to secure and retain the services of
such  persons.   The  Plan  provides  for  granting  such  persons  (a)  options
("Options")  for the  purchase of shares of Capital  Stock (the  "Shares"),  (b)
tandem  stock  appreciation  rights  ("SARs")  and (c)  Shares  which  are  both
restricted as to transferability and subject to a substantial risk of forfeiture
("Restricted Shares"). The Plan also provides for automatic grants of Options to
non-employee  Directors  and permits  such  non-employee  Directors  to elect to
receive all or a portion of their annual retainer fees and/or board of directors
or committee meeting attendance fees in Shares.

     2.  Administration.  The Plan  shall be  administered  by a Com ittee  (the
"Committee")  consisting  of two or more  Directors  appointed  by the  Board of
Directors of the Company. It is intended,  but not required,  that the directors
appointed to serve on the Committee shall be  "Non-Employee  Directors"  (within
the meaning of Rule 16b-3 promulgated under the Securities Exchange Act of 1934,
as amended (the "Act")),  and "outside  directors" within the meaning of Section
162(m) of the Internal  Revenue Code of 1986,  as amended (the  "Code"),  to the
extent  Rule 16b-3 and  Section  162(m),  respectively,  are  applicable  to the
Company and the Plan;  however,  the fact that a Committee  member shall fail to
qualify  under either of the foregoing  requirements  shall not  invalidate  any
award  which is  otherwise  validly  made  under the Plan.  The  members  of the
Committee may be changed at any time and from time to time in the  discretion of
the Board of Directors of the Company. Subject to the limitations and conditions
hereinafter  set  forth,   and  except  with  respect  to  automatic  grants  to
non-employee Directors pursuant to Section 11.1 hereof, the Committee shall have
authority to grant  Options  hereunder,  to  determine  the number of Shares for
which each Option shall be granted and the Option price or prices,  to determine
any conditions  pertaining to the exercise or to the vesting of each Option,  to
grant tandem SARs in connection with any Option either at the time of the Option
grant or  thereafter,  to make awards of  Restricted  Shares,  to determine  the
number of Restricted  Shares to be granted,  and to establish in its  discretion
the  restrictions  to which any such  Restricted  Shares  shall be subject.  The
Committee  shall have full power to construe and interpret the Plan and any Plan
agreement  executed  pursuant to the Plan to  establish  and amend rules for its
administration,  and  to  establish  in  its  discretion  terms  and  conditions
applicable  to the  exercise  of  Options  and SARs and the grant of  Restricted
Shares.  The  determination of the Committee on all matters relating to the Plan
or any Plan agreement  shall be conclusive.  No member of the Committee shall be
liable for any action or  determination  made in good faith with  respect to the
Plan or any award hereunder.

     3.  Shares  Subject  to the  Plan.  The  Shares to be  transferred  or sold
pursuant to the grant of  Restricted  Shares or the  exercise of Options or SARs
granted  under the Plan or pursuant to the election by a Director to receive all
or a  portion  of their  annual  retainer  fees  and/or  board of  directors  or
committee  meeting  attendance  fees,  if  any  ("Fees"),  in  Shares  shall  be
authorized  Shares,  and may be issued Shares reacquired by the Company and held
in its  treasury  or may be  authorized  but  unissued  Shares.  Subject  to the
provisions  of  Section 19 hereof  (relating  to  adjustments  in the number and
classes or series of Capital  Stock to be delivered  pursuant to the Plan),  the
maximum  aggregate number of Shares to be granted as Restricted  Shares or to be
delivered on the  exercise of Options or SARs or upon a  Director's  election to
receive Fees in Shares shall be 5,000,000 shares of the Company's Class A Common
Stock,  par value $0.10 per share (the "Class A Common  Stock"),  and 10,000,000
shares of the Company's Class B Common Stock, par value $.10 per share ("Class B
Common Stock") (collectively "Common Stock").

     If an Option  expires or  terminates  for any reason during the term of the
Plan and prior to the  exercise in full of such  Option or the  related  SAR, if
any,  or if  Restricted  Shares are  forfeited  as provided in the grant of such
Shares,  the number of Shares previously subject to but not delivered under such
Option,  related SAR or grant of  Restricted  Shares  shall be  available  to be
awarded thereafter.  An Option that terminates upon the exercise of a tandem SAR
shall be deemed  to have  been  exercised  at the time of the  exercise  of such
tandem SAR, and the Shares  subject  thereto  shall not be available for further
grants under the Plan.

     4. Eligibility. Options, SARs or Restricted Shares may be granted from time
to time to selected officers, and subject to the provisions of Section 2 hereof,
Directors  (including   non-employee   Directors)  and  key  employees  of,  and
consultants to, the Company or any consolidated subsidiary or affiliate, each as
defined in this Section 4. From time to time, the Committee shall designate from
such eligible  officers  those who will be granted  Options,  SARs or Restricted
Shares, and in connection therewith,  the number of Shares to be covered by each
grant of Options or  Restricted  Shares.  In addition,  Options shall be granted
automatically  to  non-employee  Directors and  non-employee  Directors shall be
entitled  to receive  all or a portion of their  Fees in Shares as  provided  in
Section 11 hereof.  Persons  granted Options or SARs are referred to hereinafter
as  "optionees,"  and  persons  granted   Restricted   Shares  are  referred  to
hereinafter  as  "grantees."  Nothing in the Plan,  or in any grant of  Options,
SARs,  Restricted  Shares or Shares  pursuant to the Plan,  shall  confer on any
person any right to  continue  in the employ or service of the Company or any of
its  subsidiaries or affiliates,  nor in any way interfere with the right of the
Company or any of its  subsidiaries  or  affiliates  to  terminate  the person's
employment or service at any time.

     The term "subsidiary" shall mean, at the time of reference, any corporation
organized  or  acquired  (other  than  the  Company)  in an  unbroken  chain  of
corporations  beginning with the Company if each of the corporations  (including
the Company)  other than the last  corporation  in the unbroken chain owns stock
possessing  50% or more of the total  combined  voting  power of all  classes of
stock in one of the other corporations in such chain. The term "affiliate" shall
mean any  person  or  entity  which,  at the  time of  reference,  directly,  or
indirectly through one or more intermediaries, controls, is controlled by, or is
under common control with, the Company.  Notwithstanding  any other provision of
the Plan to the  contrary,  in no event  may the  aggregate  number of shares of
Class A Common  Stock with respect to which  Options and SARs are granted  under
the Plan to any individual exceed 1,000,000 in any one calendar year.

                     PROVISIONS RELATING TO OPTIONS AND SARs

     5. Character of Options.  Options granted  hereunder shall not be incentive
stock  Options  as such term is  defined  in  Section  422 of the Code.  Options
granted  hereunder  shall  be  "non-qualified"  stock  options  subject  to  the
provisions of Section 83 of the Code.

     If an Option granted under the Plan (other than an Option granted  pursuant
to Section 11 of the Plan) is exercised by an optionee,  then, at the discretion
of the  Committee,  the  optionee  may receive a  replacement  or reload  Option
hereunder to purchase a number of Shares equal to the number of Shares  utilized
to pay the exercise price and/or withholding taxes on the Option exercise,  with
an exercise  price equal to the "fair market  value" (as defined in Section 7 of
the Plan) of a Share on the date such  replacement  or reload Option is granted,
and,  unless  the  Committee  determines  otherwise,  with all  other  terms and
conditions  (including  the  date or  dates on which  the  Option  shall  become
exercisable and the term of the Option) identical to the terms and conditions of
the Option with respect to which the reload Option is granted. No replacement or
reload Option shall be granted in respect of the exercise of any Option  granted
pursuant to Section 11 of the Plan.

     6. Stock Option Agreement.  Each Option granted under the Plan,  whether or
not accompanied by SARs, shall be evidenced by a written stock Option agreement,
which  shall be  executed by the Company and by the person to whom the Option is
granted. The agreement shall contain such terms and provisions, not inconsistent
with the Plan, as shall be determined by the Committee.

     7. Option Exercise Price. The price per Share to be paid by the optionee on
the date an Option is  exercised  shall not be less than 85  percent of the fair
market value of one Share on the date the Option is granted.

     For  purposes  of this  Plan,  the  "fair  market  value" as of any date in
respect of any Shares of Class A Common  Stock shall mean either (i) the closing
price per share of Class A Common  Stock on such date or (ii) the average of the
high and low sales  prices of a share of Class A Common  Stock on such date,  as
determined  by the  Committee in its sole  discretion.  The closing price on any
such date shall be (a) as reported on the  composite  transactions  tape for the
principal  exchange  on which the Class A Common  Stock is listed or admitted to
trading (the "Composite  Tape"),  or if the Class A Common Stock is not reported
on the Composite  Tape or if the Composite Tape is not in use, the last reported
sales price regular way on the principal national  securities  exchange on which
the Class A Common Stock shall be listed or admitted to trading  (which shall be
the national securities exchange on which the greatest number of shares of Class
A Common Stock has been traded during the 30 consecutive trading days commencing
45  trading  days  before  such  date),  or,  in  either  case,  if  there is no
transaction  on any such date,  the average of the closing bid and asked  prices
regular  way on such date,  or (b) if the Class A Common  Stock is not listed on
any national  securities  exchange but is quoted in the Nasdaq  National  Market
(the "Nasdaq") on a last sale basis,  the average between the high bid price and
low ask price  reported on such date, or, if there is no such sale on that date,
then on the last  preceding  date on which a sale was  reported.  If on any such
date the Class A Common Stock is not listed by or quoted on any such exchange or
the Nasdaq,  the fair market value of any Shares of Class A Common Stock on such
date shall be determined by the Committee in its sole discretion.

     For  purposes  of this  Plan,  the  "fair  market  value" as of any date in
respect of any Shares of Class B Common  Stock shall mean either (i) the closing
price per share of Class B Common  Stock on such date or (ii) the average of the
high and low sales  prices of a share of Class B Common  Stock on such date,  as
determined  by the  Committee in its sole  discretion.  The closing price on any
such date shall be (a) as reported on the  composite  transactions  tape for the
principal  exchange  on which the Class B Common  Stock is listed or admitted to
trading  (the "Class B Composite  Tape"),  or if the Class B Common Stock is not
reported on the Class B Composite  Tape or if the Class B Composite  Tape is not
in use, the last  reported  sales price  regular way on the  principal  national
securities  exchange  on which  the  Class B Common  Stock  shall be  listed  or
admitted to trading  (which shall be the national  securities  exchange on which
the greatest number of shares of Class B Common Stock has been traded during the
30 consecutive trading days commencing 45 trading days before such date), or, in
either case,  if there is no  transaction  on any such date,  the average of the
closing bid and asked  prices  regular  way on such date,  or (b) if the Class B
Common Stock is not listed on any national  securities exchange but is quoted in
the Nasdaq on a last sale basis,  the average between the high bid price and low
ask price reported on such date, or, if there is no such sale on that date, then
on the last preceding date on which a sale was reported. If on any such date the
Class B Common  Stock is not  listed by or quoted  on any such  exchange  or the
Nasdaq, the fair market value of any Shares of Class B Common Stock on such date
shall be determined by the Committee in its sole discretion.

     8. Option  Term.  The period  after which  Options  granted  under the Plan
(other than Options  granted  pursuant to Section 11) may not be exercised shall
be determined by the Committee with respect to each Option granted,  but may not
exceed ten years from the date on which the  Option is  granted,  subject to the
third paragraph of Section 9 hereof.

     9. Exercise of Options.  The time or times at which or during which Options
granted under the Plan may be exercised,  and any conditions  pertaining to such
exercise or to the vesting in the  optionee of the right to exercise  Options or
SARs,  shall be determined by the  Committee in its sole  discretion,  except as
otherwise  specifically  set forth herein.  Subsequent to the grant of an Option
which is not immediately  exercisable in full, the Committee, at any time before
complete  termination of such Option, may accelerate or extend the time or times
at which such Option and the related  SAR, if any,  may be exercised in whole or
part.

     Except as provided in this  paragraph,  no Option or SAR granted  under the
Plan shall be  assignable  or otherwise  transferable  by the  optionee,  either
voluntarily  or  involuntarily,  except  by will  or the  laws  of  descent  and
distribution  and an Option or SAR shall be  exercisable  during the  optionee's
lifetime  only by the  optionee.  The  Committee  may in the  applicable  Option
agreement  or at any time  thereafter  in an  amendment  to an Option  agreement
provide  that  Options  granted  hereunder  may be  transferred  with or without
consideration by the Optionee,  subject to such rules as the Committee may adopt
to preserve the purposes of the Plan, (i) pursuant to a domestic relations order
or (ii) to one or more of:

          (x) the optionee's spouse, children or grandchildren (including
              adopted children, stepchildren and grandchildren) (collectively,
              the "Immediate Family");

          (y) a trust solely for the benefit of the optionee and/or his or her
              Immediate Family;

          (z) a partnership or limited liability company, the partners or
              members of which are limited to the optionee and his or her
              Immediate Family, or

          (aa)any other person or entity authorized by the Committee.

         (each transferee is hereinafter referred to as a "Permitted
         Transferee"); provided, however, that the optionee gives the Committee
         advance written notice describing the terms and conditions of the
         proposed transfer and the Committee notifies the optionee in writing
         that such a transfer would comply with the requirements of the Plan,
         any applicable Option agreement and any amendments thereto.

     The terms and conditions of any Option  transferred in accordance  with the
immediately  preceding sentence shall apply to the Permitted  Transferee and any
reference in the Plan or in an Option  agreement or any amendment  thereto to an
optionee or grantee shall be deemed to refer to the Permitted Transferee, except
that (a)  Permitted  Transferees  shall not be entitled to transfer any Options,
other  than by will or the  laws of  descent  and  distribution;  (b)  Permitted
Transferees  shall not be entitled to exercise any  transferred  Options  unless
there  shall be in  effect  a  registration  statement  on an  appropriate  form
covering  the shares to be acquired  pursuant to the  exercise of such Option if
the  Committee  determines  that such a  registration  statement is necessary or
appropriate;  (c) the  Committee or the Company shall not be required to provide
any notice to a  Permitted  Transferee,  whether or not such  notice is or would
otherwise  have  been  required  to be given to the  optionee  under the Plan or
otherwise;  and (d) the events of  termination of employment by, or services to,
the Company  under  clause (b) of the third  paragraph  of Section 9 and Section
11.1,  as the case may be,  hereof shall  continue to be applied with respect to
the original  optionee,  following which the Options shall be exercisable by the
Permitted  Transferee  only to the extent,  and for the  periods,  specified  in
Section 9 and Section 11.1, as the case may be.

     The unexercised  portion of any Option (other than Options granted pursuant
to Section 11) or SAR  granted  under the Plan shall  automatically  and without
notice  terminate  and become null and void at the time of the earliest to occur
of the following:

                (a) the expiration of the period of time determined by the
Committee upon the grant of such Option; provided that such period shall not
exceed ten years from the date on which such Option was granted;

                (b) the termination of the optionee's employment by, or services
to, the Company and its subsidiaries if such termination constitutes or is
attributable to a breach by the optionee of an employment agreement with the
Company or any of its subsidiaries, or if the optionee is discharged or if his
or her services are terminated for cause; or

                (c) the expiration of such period of time or the occurrence of
such event as the Committee in its discretion may provide upon the granting
thereof.

     The Committee and the Board of Directors  shall have the right to determine
what  constitutes  cause for discharge or termination  of services,  whether the
optionee has been discharged or his or her services terminated for cause and the
date of such discharge or termination of services, and such determination of the
Committee or the Board of Directors shall be final and conclusive.

     In the  event  of the  death  of an  optionee,  Options  or  SARs,  if any,
exercisable  by the  optionee  at the time of his or her death may be  exercised
within one year  thereafter  by the  person or  persons  to whom the  optionee's
rights  under  the  Options  or  SARs,  if  any,  shall  pass  by will or by the
applicable law of descent and distribution.  However, in no event may any Option
or SAR be exercised by anyone after the earlier of (a) the final date upon which
the  optionee  could  have  exercised  it  had  the  optionee  continued  in the
employment  of the  Company or its  subsidiaries  to such date,  or (b) one year
after the optionee's death.

     An Option may be  exercised  only by a notice in writing  complying  in all
respects  with the  applicable  Option  agreement.  Such notice may instruct the
Company to deliver  Shares due upon the exercise of the Option to any registered
broker or dealer  approved  by the  Company  (an  "approved  broker") in lieu of
delivery to the optionee.  Such  instructions  shall  designate the account into
which the Shares are to be  deposited.  The  optionee  may tender  such  notice,
properly  executed by the optionee,  together with the  aforementioned  delivery
instructions,  to an approved  broker.  The  purchase  price of the Shares as to
which an Option is exercised shall be paid in cash or by check,  except that the
Committee may, in its discretion,  allow such payment to be made by surrender of
unrestricted  Shares (at their fair market value on the date of exercise)  which
have been held by the optionee for at least six months,  or by a combination  of
cash, check and unrestricted Shares.

     Payment in accordance with Section 9 may be deemed to be satisfied,  if and
to the extent provided in the applicable  Option  agreement,  by delivery to the
Company of an assignment of a sufficient amount of the proceeds from the sale of
Shares  acquired  upon  exercise  to pay for  all of the  Shares  acquired  upon
exercise and an  authorization to the broker or selling agent to pay that amount
to the Company,  which sale shall be made at the grantee's direction at the time
of exercise,  provided  that the Committee may require the grantee to furnish an
opinion of counsel  acceptable to the Committee to the effect that such delivery
would not result in the grantee  incurring any liability under Section 16 of the
Securities  Exchange Act of 1934, as amended,  and does not require the consent,
clearance or approval of any  governmental  or regulatory  body  (including  any
securities exchange or similar self-regulatory organization).

     Wherever in this Plan or any Option  agreement  an optionee is permitted to
pay the  exercise  price of an Option or taxes  relating  to the  exercise of an
Option  by  delivering   Shares,   the  optionee  may,   subject  to  procedures
satisfactory to the Committee,  satisfy such delivery  requirement by presenting
proof of  beneficial  ownership of such Shares,  in which case the Company shall
treat the Option as exercised  without  further  payment and shall withhold such
number of Shares from the Shares  acquired by the  exercise of the Option (or if
the Option is paid in cash,  cash in an amount equal to the fair market value of
such shares on the date of exercise).

     10. Stock  Appreciation  Rights.  The Committee may in its discretion grant
SARs in connection with any Option,  either at the time the Option is granted or
at any time thereafter while the Option remains  outstanding,  to any person who
at that time is eligible to be granted an Option.  The number of SARs granted to
a person  which shall be  exercisable  during any given period of time shall not
exceed the number of Shares which such  optionee may purchase  upon the exercise
of the related Option or Options  during such period of time.  Upon the exercise
of an Option  pursuant to the Plan,  the SARs relating to the Shares  covered by
such exercise shall  terminate.  Upon the exercise of SARs pursuant to the Plan,
the related Option to the extent of an equal number of Shares shall terminate.

     Upon an optionee's  exercise of some or all of such  optionee's  SARs,  the
optionee  shall  receive in settlement of such SARs an amount equal to the value
of the stock  appreciation  for the number of SARs  exercised,  payable in cash,
Shares or a combination  thereof,  as  determined in the sole  discretion of the
Committee.  The stock  appreciation for an SAR is the difference between (i) the
fair market value, as determined by the Committee as set forth in the underlying
agreement,  of the underlying  Share on the date of the exercise of such SAR and
(ii) the Option  price  specified  for the related  Option.  At the time of such
exercise,  the optionee  shall have the right to elect the portion of the amount
to be received  that shall consist of cash and the portion that shall consist of
Shares,  which, for purposes of calculating the number of Shares to be received,
shall be valued at their fair market  value on the date of the  exercise of such
SARs. The Committee in its sole discretion shall have the right to disapprove an
optionee's  election to receive cash in full or partial  settlement  of the SARs
exercised,  and to require the Shares to be delivered in lieu of cash. If Shares
are to be received  upon  exercise of an SAR, cash shall be delivered in lieu of
any fractional share.

     An SAR shall be  exercisable  only  during  the  period  determined  by the
Committee,  which  period shall be within the period when the Option to which it
is related is exercisable.

      11. Automatic Grants to Non-Employee Directors; Elective Purchase
of Shares.

          11.1 Automatic Grants to Non-Employee Directors.  Notwithstanding any
other provision of the Plan, each Director who is initially  elected or
appointed as a Director  after the date of the  adoption of the Plan by the
Board of  Directors and who is not then an employee of the Company,  any
subsidiary or any affiliate shall be granted on the later of (i) the date of the
approval of the Plan by the stockholders,   or  (ii)  the  date  of  such
Director's  initial  election  or appointment to the Board of Directors,  a
nonqualified Option to purchase 15,000 Shares.  On the date of each annual
meeting of  stockholders of the Company held after the Plan is  adopted  by the
Board of  Directors  at which a  Director  is reelected,  such  Director  shall
be granted a  nonqualified  Option to purchase 3,000  Shares.  Each such Option
shall have a term of ten years,  subject to the provisions of this Section 11.1
below. Each such Option shall become exercisable to the  extent of  one-half
thereof on each of the two  immediately  succeeding anniversaries of the date of
grant,  subject to continued  service on the Board.  The price per Share to be
paid by the holder of such an Option  shall  equal the fair market  value of one
Share on the date the Option is granted.  The purchase price of the  Shares as
to which  such an Option is  exercised  shall be paid in cash, by check, by the
delivery of unrestricted  Shares held by the Director for at least six months,
through the cashless exercise program described in Section 9, or any combination
thereof, at the Director's election.  Any Director holding Options granted under
this Section 11.1 who is a member of the Committee shall not  participate  in
any action of the  Committee  with  respect to any claim or dispute involving
such Director's Options.

     Subject to the provisions of the applicable Plan agreement, the unexercised
portion of any such Option shall  automatically and without notice terminate and
become null and void at the time of the earliest to occur of the following:

            (a) the expiration of ten years from the date on which such Option
was granted;

            (b) if the optionee's service is terminated for "cause", the
termination of the optionee's service to the Company and its subsidiaries. For
purposes of this Section 11, "cause," shall mean that the optionee's service is
terminated (i) on account of fraud, embezzlement or other unlawful or tortious
conduct, whether or not involving or against the Company or any  affiliate,
(ii)for violation of a policy of the Company or any  affiliate,  (iii) for
serious and willful  acts or misconduct  detrimental  to the  business  or
reputation  of the Company or any affiliate  or (iv)  for  "cause"  or any like
term as  defined  in any  written contract between the Company and the optionee;

            (c) if the optionee's service terminates for reasons other than as
provided in subsection  (b) or (d) of this Section 11.1,  (i) with respect to
the portion of such  optionee's  Option that was not exercisable  immediately
prior to such termination,  the  termination of the optionee's  service to the
Company and its subsidiaries  and  (ii)  with  respect  to  the  portion  that
was  exercisable immediately  prior to such  termination,  90 days after the
termination  of the optionee's  service to the Company and its  subsidiaries,
subject to subsection(a) of this Section 11.1; and

            (d) if the optionee's  service terminates by reason of his death, or
if the optionee's  service terminates in the manner described in subsection (c)
of this Section 11.1 and he dies within such period for  exercise  provided for
therein,(i)with  respect  to the  portion  of  such  optionee's  Option  that
was not exercisable immediately prior to such termination, the death of the
optionee and(ii) with respect to the portion that was exercisable  immediately
prior to such optionee's  death,  one year after the optionee's death (and such
portion of the Option  shall be  exercisable  for the period  described  in
clause (ii) by the person to whom such Option passes under such optionee's will
(or, if applicable, pursuant to the laws of descent and distribution), subject
to subsection (a) of this Section 11.1.

            11.2 Elective Purchase of Shares. In addition to any other benefit
to which any  Director may be entitled  under the terms of the Plan, a Director
shall be permitted  to elect to receive  all or any  portion  of the Fees that
otherwise would be  payable  in cash to such  Director,  in  Shares  rather
than cash in accordance with the provisions of this Section 11.2.

     Any  Director may elect to receive all or any portion of his or her Fees in
Shares rather than cash by delivering a written election (an "Election  Notice,"
the election  set forth  therein  being  referred to as the  "Election")  to the
Secretary  of the  Company.  An Election  shall  continue in effect  until it is
revoked by delivery  to the  Secretary  of the  Company of a written  revocation
notice (a  "Revocation") or modified by delivery to the Secretary of the Company
of a new Election  Notice.  Any Election or  Revocation  under this Section 11.2
shall be effective with respect to Fees that  otherwise  would be paid after the
later of (x) with respect to an Initial Election (as defined below), the date of
receipt by the Secretary of the Company of the Election Notice or, if later, the
date specified in such Election  Notice,  and (y) with respect to any Revocation
or any Election,  other than an Initial  Election,  six months after the date of
receipt by the Secretary of the Company of such  Revocation or Election  Notice.
There shall be no limit on the number of  Elections or  Revocations  that may be
made a Director. A Director who does not elect that all or a portion of his Fees
be paid in Shares shall  receive his Fees in cash on the date that such Fees are
otherwise due. Any Shares payable under this Section 11.2 shall be issued to the
Director on the same date that the Fees would have been paid in cash. The number
of Shares to be issued to a Director  who makes an Election  under this  Section
11.2 shall be determined by dividing:

                    (i) the amount of the Director's Fees for which he has made
        an Election under this Section 11.2, by

                    (ii) the average of the fair market value of the Shares
        (as defined in Section 7 of the Plan) for the twenty (20)consecutive
        trading days immediately preceding the date as of which the Fees
        otherwise would be payable. Only full Shares shall be issued pursuant to
        this Section. If the formula set forth above would result in a Director
        receiving any fractional Share, then, in lieu of such fractional Share,
        the Director shall be paid cash.

     For purposes of this Section 11.2 an "Initial  Election"  means an Election
received by the  Secretary  of the  Company  from a Director on a date not later
than  the  later  of  (a)  ten  days  following  approval  of  the  Plan  by the
stockholders,  and (b) ten days after a Director is first  elected a director of
the  Company;  provided,  however,  that  with  respect  to  Directors  who were
participants in the Triarc Companies,  Inc. 1993 Equity  Participation Plan (the
"1993 Plan"),  any  outstanding  election under the 1993 Plan shall be deemed to
continue  under this Plan as an  "Initial  Election"  and shall  continue  to be
effective so long as no new Election Notice is received within 10 days following
approval of the Plan by the stockholders.

                    PROVISIONS RELATING TO RESTRICTED SHARES

     12.  Granting of Restricted  Shares.  The  Committee  may grant  Restricted
Shares to eligible  persons at any time.  In  granting  Restricted  Shares,  the
Committee  shall  determine in its sole  discretion the period or periods during
which the restrictions on  transferability  applicable to such Shares will be in
force (the "Restricted  Period").  The Restricted Period may be the same for all
such  Shares  granted  at a  particular  time  or to any one  grantee  or may be
different  with respect to different  grantees or with respect to various of the
Shares  granted to the same  grantee,  all as determined by the Committee in its
sole discretion.

     Each grant of  Restricted  Shares  under the Plan shall be  evidenced by an
agreement  which  shall be executed by the Company and by the person to whom the
Restricted  Shares are  granted.  The  agreement  shall  contain  such terms and
provisions,  not  inconsistent  with the  Plan,  as shall be  determined  by the
Committee.

     13.   Restrictions  on   Transferability.   During  the  Restricted  Period
applicable  to each grant of  Restricted  Shares,  such  Shares may not be sold,
assigned,  transferred  or  otherwise  disposed  of, or  mortgaged,  pledged  or
otherwise encumbered.  Furthermore,  a grantee's eventual right, if any, to such
Shares  may not be  assigned  or  transferred  except  by will or by the laws of
descent and distribution.  The restrictions on the transferability of Restricted
Shares   imposed  by  this   section  are  referred  to  in  this  Plan  as  the
"Transferability Restrictions."

     14.  Determination of Vesting  Restrictions.  With respect to each grant of
Restricted  Shares,  the Committee  shall  determine in its sole  discretion the
restrictions  on vesting  which  will  apply to the  Shares  for the  Restricted
Period,  which restrictions as initially  determined and as they may be modified
pursuant to the Plan, are referred to hereinafter as the "Vesting Restrictions."
By way of illustration but not by way of limitation,  any such  determination of
Vesting  Restrictions by the Committee may provide (a) that the grantee will not
be entitled to any such Shares unless he or she is still employed by the Company
or its  subsidiaries at the end of the Restricted  Period;  (b) that the grantee
will become  vested in such Shares  according to such  schedule as the Committee
may determine; (c) that the grantee will become vested in such Shares at the end
of or during the Restricted Period based upon the achievement (in such manner as
the Committee may determine) of such performance  standards as the Committee may
determine;  (d) that the  grantee  will  become  vested  in such  Shares  in any
combination  of the  foregoing or under such other terms and  conditions  as the
Committee in its sole  discretion  may  determine;  and (e) how any such Vesting
Restrictions  will  be  applied,  modified  or  accelerated  in the  case of the
grantee's death, total and permanent disability (as determined by the Committee)
or retirement.

     The performance standards, if any, set by the Committee for any grantee may
be  individual   performance   standards  applicable  to  the  grantee,  may  be
performance  standards  for  the  Company  or the  division,  business  unit  or
subsidiary by which the grantee is employed,  may be  performance  standards set
for the grantee under any other plan  providing for incentive  compensation  for
the grantee, or may be any combination of such standards.  Performance standards
set at the time of the grant of any Restricted Shares may be revised at any time
prior to the beginning of the last year of the  Restricted  Period,  but only to
take into account  significant  changes in  circumstances  as  determined by the
Committee in its sole discretion.

     If the  Committee  deems the  Vesting  Restrictions  inappropriate  for any
grantee,  it may  approve the award and  delivery to such  grantee of all or any
portion of the Restricted Shares then held in escrow pursuant to Section 15. Any
Restricted  Shares so awarded and delivered to a grantee shall be delivered free
and clear of the Transferability Restrictions.

     15. Manner of Holding and Delivering  Restricted  Shares.  Each certificate
issued for Restricted Shares granted hereunder will be registered in the name of
the grantee and will be deposited  with the Company or its designee in an escrow
account  accompanied by a stock power executed in blank by the grantee  covering
such Shares.  The  certificates  for such Shares will remain in escrow until the
earlier of the end of the applicable Restricted Period, or, if the Committee has
provided for earlier termination of the Transferability Restrictions following a
grantee's death, total and permanent  disability,  retirement or earlier vesting
of such Shares, such earlier termination of the Transferability Restrictions. At
whichever time is applicable,  the certificates  representing the number of such
Shares to which the grantee is then  entitled  will be released  from escrow and
delivered  to the grantee  free and clear of the  Transferability  Restrictions,
provided  that in the case of a grantee who is not  entitled to receive the full
number of such Shares  evidenced by the  certificates  then being  released from
escrow because of the application of the Vesting Restrictions, such certificates
will be returned to the Company and canceled, and a new certificate representing
the Shares,  if any,  to which the  grantee is entitled  pursuant to the Vesting
Restrictions, will be issued and delivered to the grantee, free and clear of the
Transferability Restrictions (and, if applicable, a new certificate will also be
issued back into escrow,  accompanied  by a new stock power executed in blank by
the grantee, covering the Shares to which the grantee is not yet entitled due to
the application of the Vesting Restrictions).

     16.   Transfer   in  the  Event  of  Death,   Disability   or   Retirement.
Notwithstanding a grantee's death, total and permanent disability or retirement,
the certificates for his or her Restricted  Shares will remain in escrow and the
Transferability  Restrictions  will  continue to apply to such Shares unless the
Committee determines otherwise.  Upon the release of such Shares from escrow and
the  termination  of the  Transferability  Restrictions,  either  upon  any such
determination  by the  Committee  or at the  end  of the  applicable  Restricted
Period,  as the case may be, the portion of such grantee's  Restricted Shares to
which  he or she  is  entitled,  determined  pursuant  to his or her  applicable
Vesting  Restrictions,  will be awarded and  delivered  to the grantee or to the
person or persons to whom the grantee's rights, if any, to the Shares shall pass
by will or by the  applicable law of descent and  distribution,  as the case may
be. However,  the Committee may in its sole discretion  award and deliver all or
any  greater  portion of the  Restricted  Shares to any such  grantee or to such
person or persons.

     17.  Limitations on Obligation to Deliver Shares.  The Company shall not be
obligated to deliver any Restricted Shares free and clear of the Transferability
Restrictions  until the Company has satisfied itself that such delivery complies
with all laws and regulations by which the Company is bound.

                               GENERAL PROVISIONS

     18. Stockholder  Rights.  Except for the  Transferability  Restrictions,  a
grantee of  Restricted  Shares  shall have the rights of a holder of the Shares,
including  the right to receive  dividends  paid on such Shares and the right to
vote such  Shares at  meetings  of  stockholders  of the  Company.  However,  no
optionee  shall  have any of the  rights of a  stockholder  with  respect to any
Shares  unless and until he or she has  exercised his or her Option with respect
to such Shares and has paid the full purchase price therefor.

     19.  Changes  in  Shares.  In the event of (i) any  split,  reverse  split,
combination  of shares,  reclassification,  recapitalization  or  similar  event
(including,  without limitation,  any extraordinary dividends payable in cash or
any spin-off of a subsidiary) which involves,  affects or is made with regard to
any class or series of Capital Stock which may be delivered pursuant to the Plan
("Plan  Shares"),  (ii) any dividend or  distribution  on Plan Shares payable in
stock, or (iii) a merger,  consolidation or other  reorganization as a result of
which Plan Shares shall be increased,  reduced or otherwise changed or affected,
then in each such  event the  Committee  shall,  to the extent it deems it to be
consistent  with such event and necessary or equitable to carry out the purposes
of the Plan,  appropriately  adjust (a) the maximum  number of shares of Capital
Stock and the classes or series of such  Capital  Stock  which may be  delivered
pursuant to the Plan,  (b) the number of shares of Capital Stock and the classes
or series of Capital Stock subject to  outstanding  Options or SARs or grants of
Restricted  Shares,  (c) the Option price per share of all Capital Stock subject
to outstanding  Options,  (d) any performance based Vesting  Restrictions in any
Plan agreement that are based on stock price and (e) any other provisions of the
Plan;  provided,  however,  that (I) any  adjustments  made in  accordance  with
clauses (b) and (c) shall make any such outstanding  Option or SAR, as nearly as
practicable,  equivalent to such Option or SAR, as the case may be,  immediately
prior to such change and (II) no such  adjustment  shall give any  optionee  any
additional benefits under any outstanding Option.

     20. Reorganization. In the event that the Company is merged or consolidated
with another  corporation,  or in the event that all or substantially all of the
assets of the Company are acquired by another corporation,  or in the event of a
reorganization  or liquidation of the Company (each such event being hereinafter
referred  to as a  "Reorganization  Event")  or in the  event  that the Board of
Directors shall propose that the Company enter into a Reorganization Event, then
the Committee may in its  discretion  take any or all of the following  actions:
(i) by written notice to each optionee, provided that his or her Options will be
terminated  unless  exercised  within  thirty days (or such longer period as the
Committee shall determine in its sole discretion)  after the date of such notice
(without  acceleration of the exercisability of such Options);  and (ii) advance
the date or dates upon which any or all outstanding Options shall be exercisable
or the Vesting  Restrictions or Restricted  Period  applicable to any Restricted
Shares shall lapse.

     Whenever  deemed  appropriate by the Committee,  any action  referred to in
subparagraph  (a) above may be made  conditional  upon the  consummation  of the
applicable  Reorganization  Event. The provisions of this Section 20 shall apply
notwithstanding any other provision of the Plan.

     21.  Change  of  Control.  Notwithstanding  anything  in  the  Plan  to the
contrary,  upon (i) the acquisition by any person of 50% or more of the combined
voting power of the Company's outstanding  securities entitled to vote generally
in the election of directors, or (ii) a majority of the directors of the Company
being  individuals who are not nominated by the Board of Directors (a "Change of
Control"),  then any  outstanding  Options granted under the Plan shall be fully
and  immediately  exercisable  and any Vesting  Restrictions  applicable  to any
Restricted Shares shall lapse and such Restricted Shares shall be delivered free
and clear of all Transferability Restrictions. The acquisition of any portion of
the combined voting power of the Company by DWG Acquisition  Group, L.P., Nelson
Peltz or  Peter  May or by any  person  affiliated  with  such  persons  (or the
acquisition  or disposition by any person or persons who receive any award under
Section 11 hereof) shall in no event constitute a Change of Control.

     22. Withholding  Taxes.  Whenever under the Plan shares of Common Stock are
to be delivered  pursuant to an award,  the Committee may require as a condition
of delivery that the optionee or grantee  remit an amount  sufficient to satisfy
all  federal,  state and other  governmental  holding tax  requirements  related
thereto.  Whenever  cash is to be paid under the Plan (whether upon the exercise
of an SAR,  payment of dividends or otherwise),  the Company may, as a condition
of its payment,  deduct  therefrom,  or from any salary or other payments due to
the  grantee,  an amount  sufficient  to satisfy  all  federal,  state and other
governmental  withholding tax requirements related thereto or to the delivery of
any shares of Common Stock under the Plan.  Notwithstanding any provision of the
Plan to the  contrary,  in  connection  with  the  transfer  of an  Option  to a
Permitted  Transferee  pursuant  to Section 9 of the Plan,  the  optionee  shall
remain  liable  for any  withholding  taxes  required  to be  withheld  upon the
exercise of such Option by the Permitted Transferee.

     Without  limiting  the  generality  of the  foregoing,  (i) an  optionee or
grantee  may  elect  to  satisfy  all  or  part  of  the  foregoing  withholding
requirements  by delivery of  unrestricted  shares of Common  Stock owned by the
optionee  or  grantee  for at least  six  months  (or such  other  period as the
Committee may determine)  having a fair market value  (determined as of the date
of such delivery by the optionee or grantee)  equal to all or part of the amount
to be so withheld,  provided that the  Committee may require,  as a condition of
accepting  any such  delivery,  the optionee or grantee to furnish an opinion of
counsel  acceptable to the Committee to the effect that such delivery  would not
result in the optionee or grantee incurring any liability under Section 16(b) of
the Act;  and (ii) the  Committee  may  permit any such  delivery  to be made by
withholding  shares of Common Stock from the Shares otherwise  issuable pursuant
to the award giving rise to the tax  withholding  obligation (in which event the
date of  delivery  shall  be  deemed  the  date  such  award  was  exercised  or
delivered).

     23. Amendment and Discontinuance.  The Board of Directors may amend, alter,
suspend,  discontinue, or terminate the Plan or any portion thereof at any time;
provided that no such  amendment,  alteration,  suspension,  discontinuation  or
termination  shall be made  without  stockholder  approval  if such  approval is
necessary to comply with any regulatory  requirement  applicable to the Plan and
provided further that any such amendment, alteration, suspension, discontinuance
or  termination  that would impair any rights under any award  theretofore  made
under the Plan shall not to that extent be effective  without the consent of the
person to whom such award was made.

     24.  Applicable Laws. The obligation of the Company to deliver Shares shall
be subject to all applicable laws, rules and regulations,  and to such approvals
by  governmental  agencies  as  may be  deemed  appropriate  by  the  Committee,
including,  among  others,  such steps as  counsel  for the  Company  shall deem
necessary or  appropriate  to comply with  requirements  of relevant  securities
laws.  Such  obligation  shall also be subject to the condition  that the Shares
reserved for issuance upon the exercise of Options  granted under the Plan shall
have been duly listed on any national securities exchange which then constitutes
the principal trading market for the Shares.

     25.  Governing  Laws. The Plan shall be applied and construed in accordance
with and governed by the law of the State of Delaware, to the extent such law is
not superseded by or inconsistent with Federal law.

     26. Effective Date and Duration of Plan. The Plan shall become effective on
the date of its approval by the  stockholders.  The term during which awards may
be granted under the Plan shall expire on April 30, 2003.

     27.  Amendments to Agreements.  Notwithstanding  any other provision of the
Plan, the Board of Directors, or any authorized committee thereof, may amend the
terms  of any  agreement  entered  into in  connection  with any  award  granted
pursuant  to the  Plan,  provided  that  the  terms  of such  amendment  are not
inconsistent with the terms of the Plan.

     28.  Deferral.  The  Committee,  in  its  sole  discretion,  may  establish
procedures  whereby one or more optionees selected by the Committee may elect to
defer  the  receipt  of Shares  upon the  exercise  of  Options  (which  are not
incentive stock options) for a specified period and/or until the occurrence of a
specified event.

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