Document:

Exhibit
10.1

TEAMSTAFF, INC. 2006 LONG-TERM INCENTIVE
PLAN

Section 1 — Purposes

The purposes of the
TeamStaff, Inc. 2006 Long-Term Incentive Plan (the
"Plan") are to encourage selected Employees
and Non-Employee Directors of TeamStaff, Inc., a New Jersey corporation
(the "Company"), and its Affiliates to
acquire a proprietary and vested interest in the growth and performance
of the Company, to generate an increased incentive to contribute to the
Company's future success and prosperity, thus enhancing the value
of the Company for the benefit of shareholders and to enhance the
ability of the Company and its Affiliates to attract and retain
individuals of exceptional managerial talent upon whom, in large
measure, the sustained progress, growth and profitability of the
Company depends.

Section 2 — Definitions

As used
in the Plan, the following terms will have the meanings set forth
below:

(a) "Affiliate" means (i) any
Person that directly, or through one or more intermediaries, controls,
or is controlled by, or is under common control with, the Company or
(ii) any entity in which the Company has a significant equity interest,
as determined by the Committee.

(b)
"Award" means any Option, Stock Appreciation
Right, Restricted Stock Award, Performance Share, Performance Unit,
dividend equivalent, Other Stock Unit Award or any other right,
interest or option relating to Shares or other property granted
pursuant to the provisions of this Plan.

(c) "Award
Agreement" means any written agreement, contract or other
instrument or document evidencing any Award, which may, but need not,
be executed or acknowledged by both the Company and the
Participant.

(d) "Board" means the
Board of Directors of the Company.

(e)
"Cause" means, (i)
"Cause" as that term is defined in any
Individual Agreement to which the Participant is a party, or (ii) if
there is no such Individual Agreement or if the Individual Agreement
does not define Cause: (A) conviction of the Participant for committing
a felony under federal law or the law of the state in which such action
occurred, (B) dishonesty in the course of fulfilling the
Participant's employment duties, (C) deliberate failure on the
part of the Participant to perform his or her employment duties in any
material respect as determined by the Board, or (D) prior to a Change
in Control, such other events as may be determined by the Committee.
Prior to a Change in Control, the Committee will, unless otherwise
provided in an Individual Agreement with the Participant, have the sole
discretion to determine whether "Cause"
exists, and its determination will be final.

(f)
"Change in Control" means: (i) The
acquisition by any individual, entity or group (within the meaning of
Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as
amended (the "Exchange Act")) of beneficial
ownership (within the meaning of Rule 13d-3 promulgated under the
Exchange Act) of 35% or more of either (A) the then outstanding
shares of common stock of the Company (the "Outstanding
Company Common Stock") or (B) the combined voting power of
the election of directors (the "Outstanding Company Voting
Securities"); provided, however, that the following
acquisitions will not constitute a Change of Control: (W) any
acquisition directly from the Company (excluding an acquisition by
virtue of the exercise of a conversion privilege unless the security
being so converted was itself acquired directly from the Company), (X)
any acquisition by the Company, (Y) any acquisition by any employee
benefit plan (or related trust) sponsored or maintained by the Company
or any corporation controlled by the Company or (Z) any acquisition by
any corporation pursuant to a reorganization, merger or consolidation,
if, following such reorganization, merger or consolidation, the
conditions described in clauses (A), (B) and (C) of subsection (iii) of
this Section 2(f) are satisfied; or (ii) Individuals who, as of
September  30,  2005, constituted the Board (the
"Incumbent Board") cease for any reason to
constitute at least a majority 

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of the Board; provided, however, that any
individual becoming a director subsequent to September
30,  2005 whose election, or nomination for election by the
Company's shareholders, was approved by a vote of at least a
majority of the directors then comprising the Incumbent Board will be
considered as though such individual were a member of the Incumbent
Board, but excluding, for this purpose, any such individual whose
initial assumption of office occurs as a result of either an actual or
threatened election contest (as such terms are used in Rule 14a-11 of
Regulation 14A promulgated under the Exchange Act) or other actual or
threatened solicitation of proxies or consents by or on behalf of a
Person other than the Board; or (iii) Approval by the shareholders of
the Company of a reorganization, merger, binding share exchange or
consolidation, in each case, unless, following such reorganization,
merger, binding share exchange or consolidation, (A) more than
60% of, respectively, the then outstanding shares of common
stock of the corporation resulting from such reorganization, merger,
binding share exchange or consolidation and the combined voting power
of the then outstanding voting securities of such corporation entitled
to vote generally in the election of directors is then beneficially
owned, directly or indirectly, by all or substantially all of the
individuals and entities who were the beneficial owners, respectively,
of the Outstanding Company Common Stock and Outstanding Company Voting
Securities immediately prior to such reorganization, merger, binding
share exchange or consolidation in substantially the same proportions
as their ownership, immediately prior to such reorganization, merger,
binding share exchange or consolidation, of the Outstanding Company
Common Stock and Outstanding Company Voting Securities, as the case may
be, (B) no person (excluding the Company, any employee benefit plan (or
related trust) of the Company or such corporation resulting from such
reorganization, merger, binding share exchange or consolidation and any
Person beneficially owning, immediately prior to such reorganization,
merger, binding share exchange or consolidation, directly or
indirectly, 20% or more of the Outstanding Company Common Stock
or Outstanding Company Voting Securities, as the case may be)
beneficially owns, directly or indirectly, 20% or more of,
respectively, the then outstanding shares of common stock of the
corporation resulting from such reorganization, merger, binding share
exchange or consolidation or the combined voting power of the then
outstanding voting securities of such corporation entitled to vote
generally in the election of directors and (C) at least a majority of
the members of the board of directors of the corporation resulting from
such reorganization, merger, binding share exchange or consolidation
were members of the Incumbent Board at the time of the execution of the
initial agreement providing for such reorganization, merger, binding
share exchange or consolidation; or (iv) Approval by the shareholders
of the Company of (A) a complete liquidation or dissolution of the
Company or (B) the sale or other disposition of all or substantially
all of the assets of the Company, other than to a corporation, with
respect to which following such sale or other disposition, (1) more
than 60% of, respectively, the then outstanding shares of common
stock of such corporation and the combined voting power of the then
outstanding voting securities of such corporation entitled to vote
generally in the election of directors is then beneficially owned,
directly or indirectly, by all or substantially all of the individuals
and entities who were the beneficial owners, respectively, of the
Outstanding Company Common Stock and Outstanding Company Voting
Securities immediately prior to such sale or other disposition in
substantially the same proportion as their ownership, immediately prior
to such sale or other disposition, of the Outstanding Company Common
Stock and Outstanding Company Voting Securities, as the case may be,
(2) no Person (excluding the Company and any employee benefit plan (or
related trust) of the Company or such corporation and any Person
beneficially owning, immediately prior to such sale or other
disposition, directly or indirectly, 20% or more of the
Outstanding Company Common Stock or Outstanding Company Voting
Securities, as the case may be) beneficially owns, directly or
indirectly, 20% or more of, respectively, the then outstanding
shares of common stock of such corporation and the combined voting
power of the then outstanding voting securities of such corporation
entitled to vote generally in the election of directors and (3) at
least a majority of the members of the board of directors of such
corporation were members of the Incumbent Board at the time of the
execution of the initial agreement or action of the Board providing for
such sale or other disposition of assets of the Company.

(g)
"Change in Control Price" means, with respect
to a Share, the highest price per such Share paid in such tender or
exchange offer or corporate transaction. To the extent the
consideration paid in 

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any such transaction described above consists
all or in part of securities or other non-cash consideration, the value
of such securities or other non-cash consideration will be determined
by the Committee.

(h) "Code" means the
Internal Revenue Code of 1986, as amended from time to time, and any
successor thereto.

(i) "Committee"
means the Management Resources and Compensation Committee of the Board,
or any successor to such committee, composed of no fewer than three
directors, each of whom is an Outside Director.

(j)
"Company" means TeamStaff, Inc., a New Jersey
corporation.

(k) "Covered Employee"
means a "covered employee" within the meaning
of Section 162(m) (3) of the Code, or any successor provision
thereto.

(l) "Disability" means, unless
otherwise provided by the Committee, (i)
"Disability" as defined in any Individual
Agreement to which the Participant is a party, or (ii) if there is no
such Individual Agreement or it does not define
"Disability," total disability as determined
under the Company's Long-Term Disability Plan applicable to the
Participant, or (iii) if no such plan exists, as is determined by the
Committee.

(m) "Effective Date" has the
meaning set forth in Section 15.

(n)
"Employee" means any employee or prospective
employee of the Company or any Affiliate, other than a Non-Employee
Director. Unless otherwise determined by the Committee in its sole
discretion, for purposes of the Plan, an Employee will be considered to
have incurred a Termination of Service and to have ceased to be an
Employee if his or her employer ceases to be an Affiliate, even if he
or she continues to provide services to such employer.

(o)
"Exchange Act" means the Securities Exchange
Act of 1934, as amended.

(p) "Fair Market
Value" means, with respect to any property, the market
value of such property determined by procedures the Committee will
establish from time to time. Unless otherwise determined by the
Committee, the Fair Market Value of Shares as of any date will be the
average of the high and low trading prices during normal business hours
for the Shares as reported on the NASDAQ Stock Exchange (or on any
national securities exchange or over the counter market trading system
on which the Shares are then listed for trading) for that date or, if
no such prices are reported for that date, the average of the high and
low trading prices on the preceding date for which such prices were
reported, all as reported by such source as the Committee may
select.

(q) "Good Cause" has the
meaning ascribed to such term in a Participant's Individual
Agreement, if any, or the determination of the Committee in the absence
thereof.

(r) "Incentive Stock Option"
means an Option granted under Section 6 that is intended to meet the
requirements of Section 422 of the Code or any successor provision
thereto.

(s) "Individual Agreement"
means an employment, severance consulting or similar agreement between
a Participant and the Company or one of its Subsidiaries or Affiliates,
including without limitation any Change of Control Employment Agreement
with a Participant.

(t) "Non-Employee
Director" means a member of the Board who is not an
employee of the Company, or any of its Affiliates or
Subsidiaries.

(u) "Nonstatutory Stock
Option" means an Option granted under Section 6 that is
not intended to be an Incentive Stock Option.

(v)
"Option" means any right granted to a
Participant under the Plan allowing such Participant to purchase Shares
at such price or prices and during such period or periods as the
Committee will determine.

(w) "Other Stock Unit
Award" means any right granted to a Participant by the
Committee pursuant to Section 10.

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(x) "Outside
Director" means a director who qualifies as an
"independent director" within the meaning of
Section 4200(a)(15) of the NASDAQ Marketplace Rules, and as an
"outside director" within the meaning of
Section 162(m) of the Code and as a "non-employee
director" within the meaning of Rule 16b-3 promulgated
under the Exchange Act.

(y)
"Participant" means an Employee or
Non-Employee Director who is selected by the Committee to receive an
Award under the Plan.

(z) "Performance
Award" means any Award of Performance Shares or
Performance Units pursuant to Section 9.

(aa)
"Performance Period" means that period
established by the Committee at the time any Performance Award is
granted or at any time thereafter during which any performance goals
specified by the Committee with respect to such Award are to be
measured.

(bb) "Performance Share"
means any grant pursuant to Section 9 of a unit valued by reference to
a designated number of Shares, which value may be paid to the
Participant by delivery of such property as the Committee will
determine, including, without limitation, cash, Shares, other property,
or any combination thereof, upon achievement of such performance goals
during the Performance Period as the Committee will establish at the
time of such grant or thereafter.

(cc) "Performance
Unit" means any grant pursuant to Section 9 of a unit
valued by reference to a designated amount of property other than
Shares, which value may be paid to the Participant by delivery of such
property as the Committee will determine, including, without
limitation, cash, Shares, other property, or any combination thereof,
upon achievement of such performance goals during the Performance
Period as the Committee will establish at the time of such grant or
thereafter.

(dd) "Person" means any
individual, corporation, partnership, association, limited liability
company, joint-stock company, trust, unincorporated organization or
government or political subdivision thereof.

(ee)
"Qualified Performance-Based Award" means an
Award of Restricted Stock, Performance Units, Performance Shares or
Other Stock Unit Awards designated as such by the Committee at the time
of grant, based upon a determination that (i) the recipient is or may
be a "covered employee" within the meaning of
Section 162(m)(3) of the Code in the year in which the Company would
expect to be able to claim a tax deduction with respect to such
Restricted Stock, Performance Units or Performance Shares and (ii) the
Committee wishes such Award to qualify for the Section 162(m)
Exemption.

(ff) "Restricted Stock"
means any Share issued with the restriction that the holder may not
sell, transfer, pledge or assign such Share and with such other
restrictions as the Committee, in its sole discretion, may impose
(including, without limitation, any restriction on the right to vote
such Share, and the right to receive any cash dividends), which
restrictions may lapse separately or in combination at such time or
times, in installments or otherwise, as the Committee may deem
appropriate.

(gg) "Restricted Stock
Award" means an award of Restricted Stock under Section
8.

(hh) "Retirement" means retirement
from active employment with the Company, a Subsidiary or Affiliate as
defined in the Company's retirement program, as determined by the
Committee.

(ii) "Section 162(m)
Exemption" means the exemption from the limitation on
deductibility imposed by Section 162(m) of the Code that is set forth
in Section 162(m)(4)(C) of the Code.

(jj)
"Shares" means the shares of common stock of
the Company.

(kk) "Stock Appreciation
Right" means any right granted to a Participant pursuant
to Section 7 to receive, upon exercise by the Participant, the excess
of (i) the Fair Market Value of one Share on the date of exercise or,
if the Committee will so determine in the case of any such right other
than one related to any Incentive Stock Option, at any time during a
specified period before the date of exercise over (ii) the grant price
of the right on the date of grant, or if granted in connection with an
outstanding Option on the date of grant of the related Option, as
specified by the Committee in its 

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sole discretion. The grant price will not be
less than the Fair Market Value of one Share on such date of grant of
the right or the related Option, as the case may be, except in the case
of Substitute Awards or in connection with an adjustment provided in
Section 4(c). Any payment by the Company in respect of such right may
be made in cash, Shares, other property, or any combination thereof, as
the Committee, in its sole discretion, will determine.

(ll)
"Subsidiary" means any corporation (other
than the Company) in an unbroken chain of corporations beginning with
the Company if, at the time of the granting of the Award, each of the
corporations 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 the
chain.

(mm) "Substitute Awards" means
Awards granted or Shares issued by the Company in assumption of, or in
substitution or exchange for, awards previously granted, or the right
or obligation to make future awards, by a company acquired by the
Company or with which the Company combines.

(nn)
"Termination of Service" means the
termination of the Participant's employment with, or performance
of services for, the Company and any of its Subsidiaries or Affiliates.
A Participant employed by, or performing services for, a Subsidiary or
an Affiliate will also be deemed to incur a Termination of Service if
the Subsidiary or Affiliate ceases to be such a Subsidiary or an
Affiliate, as the case may be, and the Participant does not immediately
thereafter become an employee of, or service provider for, the Company
or another Subsidiary or Affiliate. Temporary absences from employment
because of illness, vacation or leave of absence and transfers among
the Company and its Subsidiaries and Affiliates will not be considered
Terminations of Service.

Section 3 —
Administration

The Committee will administer the Plan, subject
to the approval and ratification of the Board of the Committee's
actions. The Committee will have full power and authority, subject to
such orders or resolutions not inconsistent with the provisions of the
Plan as may from time to time be adopted by the Board, to (a) select
the Employees to whom Awards may from time to time be granted
hereunder; (b) determine the type or types of Award to be granted to
each Participant; (c) determine the number of Shares to be covered by
each Award granted hereunder; (d) determine the terms and conditions,
not inconsistent with the provisions of the Plan, of any Award granted
hereunder; (e) determine whether, to what extent and under what
circumstances Awards may be settled in cash, Shares or other property
or canceled or suspended; (f) determine whether, to what extent, and
under what circumstances cash, Shares, other property and other amounts
payable with respect to an Award made under the Plan will be deferred
either automatically or at the election of the Participant; (g) modify,
amend or adjust the terms and conditions of any Award, at any time or
from time to time, including but not limited to performance goals;
provided, however, that the Committee may not adjust upwards the amount
payable with respect to a Qualified Performance-Based Award or waive or
alter the performance goals associated therewith; (h) interpret and
administer the Plan and any instrument or agreement entered into under
the Plan; (i) establish such rules and regulations and appoint such
agents as it will deem appropriate for the proper administration of the
Plan; and (j) make any other determination and take any other action
that the Committee deems necessary or desirable for administration of
the Plan. No amendment to the terms of an Award will have the effect of
reducing the purchase price of any Option or grant price of any Stock
Appreciation Right, including the cancellation of an Option or Stock
Appreciation Right and replacement with another Award with a lower
purchase or grant price. Notwithstanding the foregoing or anything else
to the contrary in the Plan, any action or determination by the
Committee specifically affecting or relating to an Award to a
Non-Employee Director will be approved and ratified by the Board. The
Committee may act only by a majority of its members then in office.
Except to the extent prohibited by applicable law or the applicable
rules of a stock exchange, the Committee may (i) allocate all or any
portion of its responsibilities and powers to any one or more of its
members and (ii) delegate (subject to the approval and ratification of
the Board) all or any part of its responsibilities and powers to any
officer of the Company selected by it, provided that no such delegation
may be made that would cause 

5

Awards or other transactions under the Plan to
cease to be exempt from Section 16(b) of the Exchange Act or cause an
Award designated as a Qualified Performance-Based Award not to qualify
for, or to cease to qualify for, the Section 162(m) Exemption. The
Committee may revoke any such allocation or delegation at any time. Any
determination made by the Committee with respect to any Award will be
made in the sole discretion of the Committee at the time of the grant
of the Award or, unless in contravention of any express term of the
Plan, at any time thereafter. All decisions made by the Committee or
any appropriately delegated officer pursuant to the provisions of the
Plan will be final and binding on all persons, including the Company,
any Participant, any shareholder and any Employee. Any authority
granted to the Committee may also be exercised by the full Board,
except to the extent that the grant or exercise of such authority would
cause any Award or transaction to become subject to (or lose an
exemption under) the short-swing profit recovery provisions of Section
16(b) of the Exchange Act or cause an Award designated as a Qualified
Performance-Based Award not to qualify for, or to cease to qualify for,
the Section 162(m) Exemption. To the extent that any permitted action
taken by the Board conflicts with action taken by the Committee, the
Board action will control.

Section 4 — Shares Subject to
the Plan

(a) Subject to adjustment as provided in Section 4(c),
a total of 5,000,000 Shares will be authorized for issuance under the
Plan. If any Shares subject to an Award or to an award under the
Company's 2000 Employee Stock Option Plan and the 2000
Non-Executive Director Stock Option Plan (the
"Pre-Existing Plans") which are forfeited,
expired, canceled or if any Award or award under the Pre-Existing Plans
based on Shares is settled for cash or otherwise is terminated without
issuance of such Shares, the Shares subject to such award will, to the
extent of such cash settlement, forfeiture or termination, again be
available for Awards under the Plan. Shares reserved for any award
under the Pre-Existing Plans that are not reserved for a specific award
are available for Awards under the Plan. In the event that any Option
or other Award granted hereunder is exercised through the tendering of
Shares (either actually or by attestation) or in the event that
withholding tax liabilities arising from such Option or other Award are
satisfied by the tendering of Shares or by the withholding of Shares by
the Company, only the number of Shares issued net of the Shares
tendered or withheld will be counted for purposes of determining the
maximum number of Shares available for issuance under the Plan. In the
event that any option or award granted under the Pre-Existing Plans is
exercised through the tendering of Shares or in the event that
withholding tax liabilities arising from such options or awards are
satisfied by the tendering of Shares or the withholding of Shares by
the Company, the Shares so tendered or withheld will again be available
for Awards under the Plan. Shares reacquired by the Company on the open
market using the cash proceeds received by the Company from the
exercise of Options granted under the Plan or options granted under the
Pre-Existing Plans that are exercised after the effective date of the
Plan will be available for Awards under the Plan; provided, that the
number of Shares available will not exceed the amount of (A) such cash
proceeds divided by (B) the Fair Market Value of the Shares on the date
of exercise of the applicable Options. In addition, Substitute Awards
will not reduce the Shares authorized for issuance under the Plan or
authorized for grant to a Participant in any calendar year.

(b)
Any Shares issued hereunder may consist, in whole or in part, of
authorized and unissued shares, treasury shares or shares purchased in
the open market or otherwise.

(c) In the event of any merger,
reorganization, consolidation, recapitalization, stock dividend, stock
split, reverse stock split, spin-off or similar transaction or other
change in corporate structure affecting the Shares or in the event of
any extraordinary dividend or other similar event, such adjustments and
other substitutions will be made to the Plan and to Awards as the
Committee, in its sole discretion, deems equitable or appropriate,
including, without limitation, such adjustments in the aggregate
number, class and kind of securities that may be delivered under the
Plan, in the aggregate or to any one Participant, in the number, class,
kind and option or exercise price of securities subject to outstanding
Options, Stock Appreciation Rights or other Awards granted under the
Plan, and in the number, class and kind of securities subject to Awards
granted under the Plan (including, if the Committee deems appropriate,
the substitution of similar options to purchase the shares of, or other

6

awards denominated in the shares of, another
company or the payment of cash) as the Committee may determine to be
appropriate in its sole discretion; provided, however, that the number
of Shares subject to any Award will always be a whole
number.

Section 5 — Eligibility

Any Employee or
Non-Employee Director will be eligible to be selected as a Participant;
provided, however, that Incentive Stock Options will not be awarded to
Non-Employee Directors.

Section 6 — Stock
Options

Options may be granted hereunder to Participants either
alone or in addition to other Awards granted under the Plan. An Award
Agreement in such form will evidence any Option granted under the Plan
as the Committee may from time to time approve. Any such Option will be
subject to the following terms and conditions and to such additional
terms and conditions, not inconsistent with the provisions of the Plan,
as the Committee will deem desirable:

(a) Option
Price.    The purchase price per Share
purchasable under an Option will be determined by the Committee in its
sole discretion; provided, however, that, except in the case of
Substitute Awards or in connection with an adjustment provided for in
Section 4(c), such purchase price of an Option will not be less than
the Fair Market Value of the Share on the date of the grant, provided,
further that the Committee will have the authority to provide for a
post-grant reduction in exercise price to reflect any floating index as
specified in an Award Agreement, provided, that, unless the Committee
determines otherwise, no such provision will be included in any Award
Agreement of a Participant who the Committee determines is or may be a
Covered Employee in the year in which the Option is expected to be
taxable to such Participant to the extent that such provision would
result in such Option failing to meet the requirements of the Section
162(m) Exemption.

(b) Option
Period.    The Committee in its sole
discretion will fix the term of each Option; provided that (except as
specifically provided in Section 6) no Option will be exercisable after
the expiration of ten years from the date the Option is
granted.

(c)
Exercisability.    Options will be
exercisable at such time or times as determined by the Committee at or
subsequent to grant. Except under certain circumstances in connection
with a Participant's Termination of Service or in the event of a
Change in Control, Options will not be exercisable before the
expiration of one year from the date the Option is granted.

(d)
Method of Exercise.    Subject to
the other provisions of the Plan, any Option may be exercised by the
Participant in whole or in part at such time or times, (i) by
delivering written notice of exercise to the Company specifying the
number of shares of Common Stock subject to the Option to be purchased
and (ii) by making payment of the option price in such form or forms,
including, without limitation, payment by delivery of cash, delivery of
Shares (either actually or by attestation) already owned by the
Participant for at least six months (or any shorter period sufficient
to avoid a charge to the Company's earnings for financial
reporting purposes) or delivery of other consideration (including,
where permitted by law and the Committee), Awards having a Fair Market
Value on the exercise date equal to the total option price, or by any
combination of cash, such Shares and other consideration as the
Committee may specify in the applicable Award Agreement. If approved by
the Committee, except to the extent prohibited by applicable law,
payment in full or in part may also be made by delivering a properly
executed exercise notice to the Company, together with a copy of
irrevocable instructions to a broker to deliver promptly to the Company
the amount of sale or loan proceeds necessary to pay the option price,
and, if requested, the amount of any federal, state, local or foreign
withholding taxes. To facilitate the foregoing, the Company may enter
into agreements for coordinated procedures with one or more brokerage
firms. No shares of Common Stock will be delivered until full payment
therefor has been made. Except as otherwise provided herein or in an
applicable Award Agreement, a Participant will have all of the rights
of a shareholder of the Company holding the class or series of Common
Stock that is subject to such Option (including, if applicable, the
right to vote the shares and the right to receive dividends), when the
Participant has delivered written notice of exercise and has paid in
full for such shares.

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(e) Incentive Stock
Options.    In accordance with rules
and procedures established by the Committee, and except as otherwise
provided in Section 11, the aggregate Fair Market Value (determined as
of the time of grant) of the Shares with respect to which Incentive
Stock Options held by any Participant which are exercisable for the
first time by such Participant during any calendar year under the Plan
(and under any other employee benefit plans of the Company or any
Subsidiary) will not exceed $100,000 or, if different, the maximum
limitation in effect at the time of grant under Section 422 of the
Code, or any successor provision, and any regulations promulgated
thereunder. Incentive Stock Options will not be granted to Participants
who are Non-Employee Directors or prospective employees. The terms of
any Incentive Stock Option granted hereunder will comply in all
respects with the provisions of Section 422 of the Code or any
successor provision, and any regulations promulgated
thereunder.

(f) Form of
Settlement.    In its sole discretion,
the Committee may provide, at the time of grant, that the Shares to be
issued upon an Option's exercise will be in the form of
Restricted Stock or other similar securities, or may reserve the right
so to provide after the time of grant.

(g) Termination by
Reason of Death.    Unless otherwise
determined by the Committee, if a Participant incurs a Termination of
Service by reason of death, any Option held by such Participant will
vest in full and will remain exercisable (i) in the case of a
Nonstatutory Stock Option, until the first anniversary of such
Termination of Service (notwithstanding any earlier expiration of the
stated term of such Nonstatutory Stock Option) and (ii) in the case of
an Incentive Stock Option, until the earlier of (A) the first
anniversary of the date of death or (B) the expiration of the stated
term of such Incentive Stock Option.

(h) Termination by
Reason of Disability.    Unless
otherwise determined by the Committee, if a Participant incurs a
Termination of Service by reason of Disability, any Option held by such
Participant will vest in full and remain exercisable until (i) in the
case of a Nonstatutory Stock Option, the first anniversary of such
Termination of Service (notwithstanding any earlier expiration of the
stated term of such Nonstatutory Stock Option) and (ii) in the case of
an Incentive Stock Option, the earlier of (A) the first anniversary of
such Termination of Service or (B) the expiration of the stated term of
such Option; provided, however, that if the Participant dies within
such period, notwithstanding the expiration of such period, any
unexercised Option, may thereafter be exercised (x) in the case of a
Nonstatutory Stock Option, for a period of one year from the date of
such death (notwithstanding any earlier expiration of the stated term
of such Nonstatutory Stock Option) and (y) in the case of an Incentive
Stock Option, until the earlier of (1) the first anniversary of the
date of death or (2) the expiration of the stated term of such
Incentive Stock Option. In the event of Termination of Service by
reason of Disability, if an Incentive Stock Option is exercised after
the expiration of the exercise periods that apply for purposes of
Section 422 of the Code, such Option will thereafter be treated as a
Nonstatutory Stock Option.

(i) Termination by Reason of
Retirement.    Unless otherwise
determined by the Committee, if a Participant incurs a Termination of
Service by reason of Retirement, any Option held by such Participant
may thereafter be exercised by the Participant, to the extent it was
exercisable at the time of such Termination of Service, or on such
accelerated basis as the Committee may determine, until the earlier of
(i) the third anniversary of such Termination of Service or (ii) the
expiration of the stated term of such Option; provided, however, that
if the Participant dies within such period, any unexercised Option may
to the extent exercisable on the date of death thereafter be exercised
(A) in the case of a Nonstatutory Stock Option, until the later of (x)
the first anniversary of the date of death (notwithstanding any earlier
expiration of the stated term of such Nonstatutory Stock Option) or (y)
the third anniversary of the Termination of Service by reason of
Retirement and (B) in the case of an Incentive Stock Option, until the
earlier of (xx) the later of (1) the first anniversary of the date of
death or (2) the third anniversary of the Termination of Service by
reason of Retirement or (yy) the expiration of the stated term of such
Incentive Stock Option. In the event of Termination of Service by
reason of Retirement, if an Incentive Stock Option is exercised after
the expiration of the exercise periods that apply for purposes of
Section 422 of the Code, such Option will thereafter be treated as a
Nonstatutory Stock Option.

8

(j) Other
Terminations.    Unless otherwise
determined by the Committee: (i) if a Participant incurs a Termination
of Service for Cause, all Options held by such Participant will
thereupon immediately terminate; (ii) if a Participant incurs a
Termination of Service due to a termination by the Company for any
reason other than death, Disability, Retirement or for Cause, any
Option held by such Participant, may, to the extent it was exercisable
at the time of Termination of Service, be exercised until the earlier
of (A) 90 days from the date of such Termination of Service or (B) the
expiration of the stated term of the Option; and (iii) if a Participant
incurs a Termination of Service due to a voluntary termination by the
Participant (other than for Retirement), any Option held by such
Participant, may, to the extent it was exercisable at the time of
Termination of Service, be exercised until the earlier of (A) 30 days
from the date of such Termination of Service or (B) the expiration of
the stated term of the Option; provided, however, that if the
Participant dies within either of the exercise periods established by
Sections 5(j)(ii) and 5(j)(iii), any unexercised Option held by such
Participant will, continue to be exercisable to the extent to which it
was exercisable at the time of death until (x) in the case of
Nonstatutory Stock Options, the first anniversary of the date of death
(notwithstanding any earlier expiration of the stated term of such
Nonstatutory Stock Option) or (y) in the case of Incentive Stock
Options, the earlier of (A) the first anniversary of the date of death
or (B) the expiration of the stated term of such Option.

(k)
Change in Control
Termination.    Unless otherwise
determined by the Committee, notwithstanding any other provision of
this Plan to the contrary, in the event a Participant incurs a
Termination of Service other than for Cause during the 24-month period
following a Change in Control, any Option held by such Participant may
thereafter be exercised by the Participant, to the extent it was
exercisable at the time of such Termination of Service until the
earlier of (i) the latest of (A) the second anniversary of such date of
Termination of Service or (B) such other date as may be provided in the
Plan for such Termination of Service or as the Committee may provide in
the Award Agreement or (C) such other date as may be provided in any
Individual Agreement, or (ii) the expiration of the stated term of such
Option; provided, however, that if the Participant dies within such
period, notwithstanding the expiration of such period, any unexercised
Option may to the extent exercisable on the date of death thereafter be
exercised (x) in the case of a Nonstatutory Stock Option, until the
later of (i) the end of such exercise period or (ii) the first
anniversary of the date of death (notwithstanding any earlier
expiration of the stated term of such Nonstatutory Stock Option) or (y)
in the case of an Incentive Stock Option, until the earlier of (i) the
later of (A) the end of such exercise period or (B) the first
anniversary of the date of death or (ii) the expiration of the stated
term of such Incentive Stock Option. If an Incentive Stock Option is
exercised after the expiration of the post-termination exercise periods
that apply for purposes of Section 422 of the Code, such Option will
thereafter be treated as a Nonstatutory Stock Option.

Section 7
— Stock Appreciation Rights

Stock Appreciation Rights may
be granted hereunder to Participants either alone or in addition to
other Awards granted under the Plan and may, but need not, relate to a
specific Option granted under Section 6. The provisions of Stock
Appreciation Rights need not be the same with respect to each
recipient. Any Stock Appreciation Right related to a Nonstatutory Stock
Option may be granted at the same time such Option is granted or at any
time thereafter before exercise or expiration of such Option. Any Stock
Appreciation Right related to an Incentive Stock Option must be granted
at the same time such Option is granted. In the case of any Stock
Appreciation Right related to any Option, the Stock Appreciation Right
or applicable portion thereof will terminate and no longer be
exercisable upon the termination or exercise of the related Option,
except that a Stock Appreciation Right granted with respect to less
than the full number of Shares covered by a related Option will not be
reduced until the exercise or termination of the related Option exceeds
the number of Shares not covered by the Stock Appreciation Right. Any
Option related to any Stock Appreciation Right will no longer be
exercisable to the extent the related Stock Appreciation Right has been
exercised. The Committee may impose such conditions or restrictions on
the exercise of any Stock Appreciation Right, as it will deem
appropriate; provided that a Stock Appreciation Right will not have a
term of greater than ten years.

9

Section 8 — Restricted
Stock

(a)
Administration.    Shares of
Restricted Stock may be awarded either alone or in addition to other
Awards granted under the Plan. The Committee will determine the
Employees and Non-Employee Directors to whom and the time or times at
which grants of Restricted Stock will be awarded, the number of shares
to be awarded to any Employee or Non-Employee Director, the conditions
for vesting, the time or times within which such Awards may be subject
to forfeiture and any other terms and conditions of the Awards, in
addition to those contained in Section 14(f).

(b)
Issuance.    A Restricted Stock Award will be subject to
restrictions imposed by the Committee during a period of time specified
by the Committee (the "Restriction Period").
Restricted Stock Awards may be issued hereunder to Participants, for no
cash consideration or for such minimum consideration as may be required
by applicable law, either alone or in addition to other Awards granted
under the Plan. The provisions of Restricted Stock Awards need not be
the same with respect to each recipient. Except for certain situations
specified by the Committee (and as provided in Section 11(a)(ii)),
Restricted Stock Awards will be subject to restrictions for a minimum
of two years from date of grant.

(c)
Registration.    Any Restricted Stock issued hereunder may
be evidenced in such manner, as the Committee, in its sole discretion,
will deem appropriate, including, without limitation, book entry
registration or issuance of a stock certificate or certificates. In the
event any stock certificates are issued in respect of shares of
Restricted Stock awarded under the Plan, such certificates will be
registered in the name of the Participant and will bear an appropriate
legend referring to the terms, conditions and restrictions applicable
to such Award.

(d) Forfeiture.    Except as otherwise
determined by the Committee at the time of grant or thereafter, upon
Termination of Service for any reason during the Restriction Period,
all Shares of Restricted Stock still subject to restriction will be
forfeited by the Participant and reacquired by the Company and the
Company will cancel any book entry registrations. Unrestricted Shares,
evidenced in such manner as the Committee will deem appropriate, will
be issued to the Participant promptly after expiration of the period of
forfeiture, as determined or modified by the Committee.

Section
9 — Performance Awards

Performance Awards may be issued
hereunder to Participants, for no cash consideration or for such
minimum consideration as may be required by applicable law, either
alone or in addition to other Awards granted under the Plan. The
performance criteria to be achieved during any Performance Period and
the length of the Performance Period will be determined by the
Committee upon the grant of each Performance Award; provided, however,
that a Performance Period may not be shorter than 12 months or longer
than five years. Except as provided in Section 11 or as otherwise
specified by the Committee, Performance Awards will be distributed only
after the end of the relevant Performance Period. Performance Awards
may be paid in cash, Shares, other property, or any combination
thereof, in the sole discretion of the Committee at the time of
payment. The performance levels to be achieved for each Performance
Period and the amount of the Award to be distributed will be
conclusively determined by the Committee. Performance Awards may be
paid in a lump sum or in installments following the close of the
Performance Period or, in accordance with procedures established by the
Committee, on a deferred basis.

Section 10 — Other Stock
Unit Awards

(a) Administration.    Other Awards of
Shares and other Awards that are valued in whole or in part by
reference to, or are otherwise based on, Shares or other property
("Other Stock Unit Awards") may be granted
hereunder to Participants, either alone or in addition to other Awards
granted under the Plan, and such Other Stock Unit Awards will also be
available as a form of payment in the settlement of other Awards
granted under the Plan. Other Stock Unit Awards may be paid in Shares,
cash or any other form of property, as the Committee will determine.
Subject to the provisions of the Plan, the Committee will have sole and
complete authority to determine the 

10

Employees and Non-Employee Directors to whom
and the time or times at which such Awards will be made, the number of
Shares to be granted pursuant to such Awards, and all other conditions
of the Awards. The provisions of Other Stock Unit Awards need not be
the same with respect to each recipient. Unless Other Stock Unit Awards
are made in lieu of cash compensation, they will be subject to
performance and/or vesting restrictions similar to those identified in
Section 8 or 9.

(b) Terms and Conditions.    Shares
(including securities convertible into Shares) subject to Awards
granted under this Section 10 may be issued for no cash consideration
or for such minimum consideration as may be required by applicable law.
Shares (including securities convertible into Shares) purchased
pursuant to a purchase right awarded under this Section 10 will be
purchased for such consideration as the Committee will determine in its
sole discretion, which, except in the case of Substitute Awards, will
not be less than the Fair Market Value of such Shares or other
securities as of the date such purchase right is
awarded.

Section 11 — Termination and Change in Control
Provisions

(a) Impact of Event.    Notwithstanding
any other provision of the Plan to the contrary, unless the Committee
will determine otherwise at the time of grant with respect to a
particular Award, in the event of a Termination of Service for any
reason other than for Cause or a Termination of Service because of a
Change in Control under Section 2 (f)(ii) or 2 (f)(iii):

(i) any
Options and Stock Appreciation Rights outstanding as of the date such
Change in Control occurs, and which are not then exercisable and
vested, will become fully exercisable and vested;

(ii) the
restrictions and deferral limitations applicable to any Restricted
Stock outstanding as of the date such Change in Control occurs will
lapse, and such Restricted Stock will become free of all restrictions
and limitations and become fully vested and transferable;

(iii)
all Performance Awards outstanding as of the date such Change in
Control occurs will be considered to be earned and payable in full, or
at such other level as may be specified in the applicable Award
agreement between the Participant and the Company, and any deferral or
other restriction will lapse and such Performance Awards will be
immediately settled or distributed; and

(iv) the restrictions and
deferral limitations and other conditions applicable to any Other Stock
Unit Awards or any other Awards outstanding as of the date such Change
in Control occurs will lapse, and such Other Stock Unit Awards or such
other Awards will become free of all restrictions, limitations or
conditions and become fully vested and transferable.

(b)
Termination of Service Cash-Out.    Notwithstanding any
other provision of the Plan, during the 60-day period from and after a
qualifying Termination of Service (the "Exercise
Period"), if the Committee will determine at, or at any
time after, the time of grant, a Participant holding an Option or Stock
Appreciation Right will have the right, whether or not the Option or
Stock Appreciation Right is fully exercisable and in lieu of the
payment of the purchase price for the Shares being purchased under the
Option or Stock Appreciation Right and by giving notices to the
Company, to elect (within the Exercise Period) to surrender all or part
of the Option or Stock Appreciation Right to the Company and to receive
cash, within 90 days of such notice, in an amount equal to the amount
by which the Change in Control Price per Share on the date of such
election will exceed the purchase price per Share under the Option or
Stock Appreciation Right (the "spread")
multiplied by the number of Shares granted under the Option or Stock
Appreciation Right as to which the right granted under this Section
11(b) will have been exercised.

Section 12 — Code Section
162(m) Provisions

(a) Notwithstanding any other provision of the
Plan, if the Committee determines at the time Restricted Stock, a
Performance Award or an Other Stock Unit Award is granted to a
Participant who is, or is likely to be as of the end of the tax year in
which the Company would claim a tax deduction in connection with such
Award, a Covered Employee, then the Committee may provide that this
Section 12 is applicable to such Award.

11

(b) If Restricted Stock, a Performance
Award or an Other Stock Unit Award is subject to this Section 12, then,
in addition to any other restrictions imposed on such Awards, the
grant, the lapsing of restrictions thereon and/or the distribution of
cash, Shares or other property pursuant thereto, as applicable, will be
subject to the achievement of one or more objective performance goals
established by the Committee, which will be based on the attainment of
specified levels of one or any combination of the following: net cash
provided by operating activities, earnings per share from continuing
operations, operating income, revenues, operating margins, return on
operating assets, return on equity, economic value added, stock price
appreciation, total shareholder return, cost control, strategic
initiatives, market share, net income, or return on invested capital of
the Company or the Affiliate or division of the Company for or within
which the Participant is primarily employed. Such performance goals
also may be based on the achievement of specified levels of Company
performance (or performance of an applicable Affiliate or division of
the Company) under one or more of the measures described above relative
to the performance of other corporations. Such performance goals will
be set by the Committee within the time period prescribed by, and will
otherwise comply with the requirements of, Section 162(m) of the Code,
or any successor provision thereto, and the regulations
thereunder.

(c) Notwithstanding any provision of the Plan other
than Section 11, with respect to any Restricted Stock, Performance
Award or Other Stock Unit Award that is subject to this Section 12, the
Committee may adjust downwards, but not upwards, the number of such
Awards to be granted to such Participant and/or the amount payable
pursuant to such Award, and the Committee may not waive the achievement
of the applicable performance goals except in the case of a Termination
of Service due to the death or disability of the Participant or due to
a Termination of Service by the Company (or the Participant's
employer) without Cause or a Termination of Service by the Participant
for Good Cause.

(d) The Committee will have the power to impose
such other restrictions on Awards subject to this Section 12 as it may
deem necessary or appropriate to ensure that such Awards satisfy all
requirements of the Section 162(m) Exemption.

(e) Notwithstanding
any provision of the Plan other than Section 4(c), no Participant may
be granted Options or Stock Appreciation Rights during any three-year
period with respect to more than 1,000,000 (one million) shares, or
Restricted Stock or Performance Awards subject to this Section 12 that
are denominated in Shares, in any three-year period with respect to
more than 1,000,000 (one million) Shares, and the maximum dollar value
payable with respect to Performance Units and/or Other Stock Unit
Awards that are valued with reference to property other than Shares and
granted to any Participant in any three-year period is
$3,000,000.

Section 13 — Amendments and
Termination

The Board may amend, alter, suspend, discontinue or
terminate the Plan or any portion thereof at any time; provided,
however, that no such amendment, alteration, suspension,
discontinuation or termination (collectively, a
"change") (a) will be made without
shareholder approval if such approval is necessary to qualify for or
comply with any tax or regulatory requirement for which or with which
the Board deems it necessary or desirable to qualify or comply or (b)
except as required by applicable law or stock exchange or accounting
rules, will be made without the consent of the affected Participant, if
such action would impair the rights of such Participant under any
outstanding Award or (c) will cause a Qualified Performance-Based Award
to cease to qualify for the Section 162(m) Exemption. Notwithstanding
anything to the contrary herein, the Committee or Board may amend or
alter the Plan in such manner as may be necessary so as to have the
Plan conform to local rules and regulations in any jurisdiction outside
the United States. Notwithstanding the foregoing, any adjustments made
pursuant to Section 4(c) will not be subject to these restrictions.
Shareholder approval of changes to this Plan will be required to the
extent such approval is required by law or agreement, or if such change
would: (i) expand the classes of persons to whom Awards may be made
under this Plan; (ii) increase the number of shares of Common Stock
authorized for grant under this Plan; (iii) increase the number of
Shares which may be granted under Awards to any one Participant under
this Plan; (iv) increase the number of Shares available for Awards
other than Options and 

12

Stock Appreciation Rights; (v) allow the
creation of additional types of Awards; (vi) decrease performance award
criteria except to the extent permitted under Section 12(e); or (vii)
change any of the provisions of this sentence of Section
13.

Section 14 — General Provisions

(a) No Award,
and no Shares subject to Awards described in Section 10 that have not
been issued or as to which any applicable restriction, performance or
deferral period has not lapsed, may be sold, assigned, transferred,
pledged or otherwise encumbered, except by will or by the laws of
descent and distribution; provided, however, that, if so determined by
the Committee, a Participant may, in the manner established by the
Committee, designate a beneficiary to exercise the rights of the
Participant with respect to any Award upon the death of the
Participant. Each Award will be exercisable, during the
Participant's lifetime, only by the Participant or, if
permissible under applicable law, by the Participant's guardian
or legal representative. Notwithstanding the foregoing, and subject to
Section 422 of the Code, the Committee, in its sole discretion, may
permit a Participant to assign or transfer an Award (i) by will or by
the laws of descent and distribution; or (ii) in the case of a
Nonstatutory Stock Option, unless otherwise determined by the
Committee, to such Employee's or Non-Employee Director's
children or family members, whether directly or indirectly or by means
of a trust or partnership or otherwise. For purposes of this Plan,
unless otherwise determined by the Committee, "family
member" will have the meaning given to such term in
General Instructions A.1 (a)(5) to Form S-8 under the Securities Act of
1933 as amended, or any successor thereto; provided, however, that an
Award so assigned or transferred will be subject to all the terms and
conditions of the Plan and the instrument evidencing the Award;
provided, further, that Termination of Service will continue to refer
to the Termination of Service of the original Participant.

(b) No
Employee or Participant will have any claim to be granted any Award
under the Plan, and there is no obligation for uniformity of treatment
of Employees or Participants under the Plan.

(c) The prospective
recipient of any Award under the Plan will not, with respect to such
Award, be deemed to have become a Participant, or to have any rights
with respect to such Award, until and unless such recipient will have
executed an agreement or other instrument evidencing the Award and
delivered a copy thereof to the Company, or taken such other similar
action as is determined and communicated in writing by the Committee,
and otherwise complied with the then applicable terms and
conditions.

(d) Nothing in the Plan or any Award granted under
the Plan will be deemed to constitute an employment or service contract
or confer or be deemed to confer on any Participant any right to
continue in the employ or service of, or to continue any other
relationship with, the Company or any Affiliate or limit in any way the
right of the Company or any Affiliate to terminate a
Participant's employment or service or other relationship at any
time, with or without Cause.

(e) Except as provided in Section
12, the Committee will be authorized to make adjustments in performance
award criteria or in the terms and conditions of other Awards in
recognition of unusual or nonrecurring events affecting the Company or
its financial statements or changes in applicable laws, regulations or
accounting principles. The Committee may correct any defect, supply any
omission or reconcile any inconsistency in the Plan or any Award in the
manner and to the extent it will deem desirable to carry it into
effect. In the event that the Company will assume outstanding employee
benefit awards or the right or obligation to make future such awards in
connection with the acquisition of or combination with another
corporation or business entity, the Committee may, in its discretion,
make such adjustments in the terms of Awards under the Plan as it will
deem appropriate.

(f) The Committee will have full power and
authority to determine whether, to what extent and under what
circumstances any Award will be canceled or suspended. In addition, all
outstanding Awards to any Participant may, as determined by the
Committee in its sole discretion in any applicable Award Agreement be
canceled if the Participant, without the consent of the Company, while
employed by the Company or after a Termination of Service, establishes
a relationship with a competitor of the Company or engages in activity
that is in conflict with or adverse to the interest of the Company or
any of its Affiliates, as determined by the Committee. Furthermore, the
Committee 

13

may determine that an Award agreement
require that, under the circumstances described above calling for
cancellation of an Award, the Participant will also be required to
remit to the Company, with respect to any Option exercised by the
Participant on or after the date which is six months prior to the date
that the Participant establishes a competitive relationship or engages
in competing activity as foresaid an amount in cash or a certified or
bank check equal to 100% of the excess of (A) the fair market
value per share of the Company's Common Stock on the date of
exercise, multiplied by the number of shares with respect to which the
Option is exercised; over (B) the aggregate option price for such
number of shares. Any provisions implemented pursuant to this Section
14(f) will be inapplicable following a Change in Control.

(g) All
certificates for Shares delivered under the Plan pursuant to any Award
will be subject to such stock-transfer orders and other restrictions as
the Committee may deem advisable under the rules, regulations and other
requirements of the Securities and Exchange Commission, any stock
exchange upon which the Shares are then listed, and any applicable
federal or state securities law, and the Committee may cause a legend
or legends to be put on any such certificates to make appropriate
reference to such restrictions.

(h) No Award granted hereunder
will be construed as an offer to sell securities of the Company, and no
such offer will be outstanding, unless and until the Committee in its
sole discretion has determined that any such offer, if made, would
comply with all applicable requirements of the U.S. federal securities
laws and any other laws to which such offer, if made, would be subject.
The Committee may require each person purchasing or receiving shares
pursuant to an Award to represent to and agree with the Company in
writing that such person is acquiring the shares without a view to the
distribution thereof. The certificates for such shares may include any
legend that the Committee deems appropriate to reflect any restrictions
on transfer. Notwithstanding any other provision of the Plan or
agreements made pursuant thereto, the Company will not be required to
issue or deliver any certificate or certificates for shares of Common
Stock under the Plan prior to fulfillment of all of the following
conditions: (i) listing or approval for listing upon notice of
issuance, of such shares on the NASDAQ Exchange or such other
securities exchange as may at the time be the principal market for the
Common Stock; (ii) any registration or other qualification of such
shares of the Company under any state or federal law or regulation, or
the maintaining in effect of any such registration or other
qualification which the Committee will, in its absolute discretion upon
the advice of counsel, deem necessary or advisable; and (iii) obtaining
any other consent, approval, or permit from any state or federal
governmental agency which the Committee will, in its absolute
discretion after receiving the advice of counsel, determine to be
necessary or advisable.

(i) The Committee will be authorized to
establish procedures pursuant to which the payment of any Award may be
deferred. Subject to the provisions of the Plan and any Award
Agreement, the recipient of an Award (including, without limitation,
any deferred Award) may, if so determined by the Committee, be entitled
to receive, currently or on a deferred or restricted (based on vesting)
basis, cash dividends, or cash payments in amounts equivalent to cash
dividends on Shares ("dividend equivalents")
with respect to the number of Shares covered by the Award, as
determined by the Committee, in its sole discretion, and the Committee
may provide that such amounts (if any) will be deemed to have been
reinvested in additional Shares or otherwise reinvested.

(j)
Except as otherwise required in any applicable Award Agreement or by
the terms of the Plan, recipients of Awards under the Plan will not be
required to make any payment or provide consideration other than the
rendering of services.

(k) The Company will be authorized to
withhold from any Award granted or payment due under the Plan the
amount of withholding taxes due in respect of an Award or payment
hereunder and to take such other action as may be necessary in the
opinion of the Company to satisfy all obligations for the payment of
such taxes. The Committee will be authorized to establish procedures
for election by Participants to satisfy such obligation for the payment
of such taxes by delivery of or transfer of Shares to the Company (up
to the employer's minimum required tax withholding rate to the
extent the Participant has owned the surrendered shares for less than
six months if such a limitation is necessary to avoid a charge to the
Company for financial reporting purposes), or by directing the

14

Company to retain Shares (up to the
employer's minimum required tax withholding rate) otherwise
deliverable in connection with the Award.

(l) Nothing contained
in the Plan will prevent the Board from adopting other or additional
compensation arrangements, subject to shareholder approval if such
approval is required; and such arrangements may be either generally
applicable or applicable only in specific cases.

(m) The
validity, construction and effect of the Plan and any rules and
regulations relating to the Plan will be determined in accordance with
the laws of the State of New York and applicable federal law.

(n)
If any provision of the Plan is or becomes or is deemed invalid,
illegal or unenforceable in any jurisdiction, or would disqualify the
Plan or any Award under any law deemed applicable by the Committee,
such provision will be construed or deemed amended to conform to
applicable laws or if it cannot be construed or deemed amended without,
in the determination of the Committee, materially altering the intent
of the Plan, it will be stricken and the remainder of the Plan will
remain in full force and effect.

(o) Awards may be granted to
Participants who are foreign nationals or employed outside the United
States, or both, on such terms and conditions different from those
applicable to Awards to Employees employed in the United States as may,
in the judgment of the Committee, be necessary or desirable in order to
recognize differences in currency, local law or tax policy. The
Committee also may impose conditions on the exercise or vesting of
Awards in order to minimize the Company's obligation with respect
to tax equalization for Employees on assignments outside their home
country.

Section 15 — Effective Date of Plan

The
Plan will be effective as of the date that the Plan is approved by the
shareholders of the Company (the "Effective
Date").

Section 16 — Term of Plan

The
Plan will terminate on the tenth anniversary of the Effective Date
unless sooner terminated by the Board pursuant to Section 13; provided,
however, that (a) no Incentive Stock Options may be granted more than
ten years after the later of (i) the adoption of the Plan by the Board
and (ii) the adoption by the Board of any amendment to the Plan that
constitutes the adoption of a new plan for purposes of Section 422 of
the Code. Notwithstanding the foregoing, the Plan provisions applicable
to outstanding Awards will continue after the Plan termination date
until the last of such Awards have been paid out or have expired by
their own terms.

15Table of Contents
Exhibit
10.2

TEAMSTAFF, INC.
NOTICE OF RESTRICTED STOCK BONUS
AWARD

Grantee's Name and
Address:    

You (the
"Grantee") have been granted certain shares
of Common Stock of TeamStaff, Inc. (the
‘‘Company’’) subject to the terms and
conditions of this Notice of Restricted Stock Bonus Award (the
"Notice"), the Restricted Stock Bonus Award
Agreement attached hereto (the "Agreement")
attached hereto and the 2006 TeamStaff, Inc. Long Term Incentive Plan
(the ‘‘Plan’’) (the
‘‘Award’’).

Unless otherwise
defined herein, the terms defined in the Agreement have the same
meanings of terms defined in this Notice. If the Grantee has an
individual employment or severance agreement (an
‘‘Individual Agreement’’), the terms and
conditions of the Individual Agreement will control issues relative to
the Award. In the event of any conflict, the order of priority is (a)
an Individual Agreement; (b) the Plan; (c) the Agreement; and then (d)
the Notice.

Award Number:    

Date of
Award:    

Vesting Commencement Date:    

Total
Number of Shares of Common Stock Awarded (the
"Shares"):    

Aggregate Fair
Market Value of the Shares:    $

Vesting Schedule:
Subject to the Grantee's Continuous Service and other limitations
set forth in    this Notice and the Agreement, the Shares will
"vest" in accordance with the following
schedule:

			
		(a) 	                Shares on
                 ,
2007;

			
		(b) 	                Shares on
                 , 2008;
and

			
		(c) 	                Shares on
                 ,
2009

Miscellaneous:

For purposes of this Notice and
the Agreement, the term "Vest" means that
such Shares are no longer subject to forfeiture to the Company. Shares
that have not Vested are deemed "Restricted
Shares." If the Grantee would become Vested in a fraction
of a Restricted Share, such Restricted Share will not Vest until the
Grantee becomes Vested in the entire Share. The Award is subject to the
provisions of the Agreement and the Plan relating to the vesting of the
Shares.

In the event the Grantee's Continuous Service
terminates as a result of his or her death or Disability, the Shares
(as defined in the Agreement) will become fully Vested immediately as
of the date of such termination of Continuous Service.

During
any authorized leave of absence, the Vesting of the Shares as provided
in the Vesting Schedule will be suspended after the leave of absence
exceeds a period of three (3) months. Vesting of the Shares will resume
upon the Grantee's termination of the leave of absence and return
to service to the Company. The Vesting Schedule of the Shares will be
extended by the length of the suspension.

In the event of the
Grantee's change in status from Employee, Director or Consultant
to any other status of Employee, Director or Consultant, the Shares
will continue to vest in accordance with the Vesting Schedule set forth
above.

Vesting will cease upon the date of termination of the
Grantee's Continuous Service for any reason, other than death or
Disability in accordance with the Agreement and the Plan. In the event
the Grantee's Continuous Service is terminated for any reason,
other than death or Disability that does not result in immediate
Vesting as set forth in an Individual Agreement, the Agreement or the
Plan, any Restricted Shares held by the Grantee immediately following
such termination of Continuous Service will be deemed re-conveyed to
the Company and the Company will thereafter be 

1

Table of Contents

the legal and beneficial owner of the
Restricted Shares and will have all rights and interest in or related
thereto without further action by the Grantee. The foregoing forfeiture
provisions set forth in this Notice as to Restricted Shares will apply
to the new capital stock or other property (including cash paid other
than as a regular cash dividend) received in exchange for the Shares in
consummation of any transaction described in an Individual Agreement,
the Agreement or the Plan and such stock or property will be deemed
Additional Securities (as defined in the Agreement) for purposes of the
Agreement, but only to the extent the Shares are at the time covered by
such forfeiture provisions.

IN WITNESS WHEREOF, the Company and
the Grantee have executed this Notice and agree that the Award is to be
governed by the terms and conditions of this Notice and the
Agreement.

											
	 		TeamStaff,
Inc.,
a New Jersey
corporation
	 		By:		                                
	 		 		T.
Stephen Johnson
Chairman
	

THE GRANTEE
ACKNOWLEDGES AND AGREES THAT THE SHARES WILL VEST, IF AT ALL, ONLY
DURING THE PERIOD OF THE GRANTEE'S CONTINUOUS SERVICE (NOT
THROUGH THE ACT OF BEING HIRED, BEING GRANTED THIS AWARD OR ACQUIRING
SHARES HEREUNDER). THE GRANTEE FURTHER ACKNOWLEDGES AND AGREES THAT
NOTHING IN THIS NOTICE NOR THE AGREEMENT WILL CONFER UPON THE GRANTEE
ANY RIGHT WITH RESPECT TO CONTINUATION OF THE GRANTEE'S
CONTINUOUS SERVICE, NOR WILL IT INTERFERE IN ANY WAY WITH THE
GRANTEE'S RIGHT OR THE COMPANY'S RIGHT TO TERMINATE THE
GRANTEE'S CONTINUOUS SERVICE AT ANY TIME, WITH OR WITHOUT CAUSE,
AND WITH OR WITHOUT NOTICE. THE GRANTEE ACKNOWLEDGES THAT UNLESS THE
GRANTEE HAS A WRITTEN EMPLOYMENT AGREEMENT WITH THE COMPANY TO THE
CONTRARY, THE GRANTEE'S STATUS IS AT WILL.

As a condition
to receiving the Shares, the Grantee will not make an election pursuant
to Section 83(b) of the Code with respect to the Shares, unless the
Company grants a written request therefore, in the sole discretion of
the Company.

The Grantee acknowledges receipt of the Agreement
and the Plan, and represents that he or she is familiar with the terms
and provisions thereof, and hereby accepts the Award subject to all of
the terms and provisions hereof and thereof. The Grantee has reviewed
this Notice, the Agreement and the Plan in their entirety, has had an
opportunity to obtain the advice of counsel prior to executing this
Notice and the Agreement and fully understands all of the provisions of
this Notice, the Agreement and the Plan. The Grantee agrees that all
questions of interpretation and administration relating to this Notice,
the Agreement and the Plan will be resolved by the Board in accordance
with Section 11 of the Agreement and the Plan. The Grantee further
agrees to the venue selection and waiver of a jury trial in accordance
with Section 12 of the Agreement. The Grantee further agrees to notify
the Company upon any change in the residence address indicated in this
Notice.

							
	Dated:		Signed:
Grantee
	

2

RESTRICTED
STOCK BONUS AWARD AGREEMENT

1. Issuance of Shares.
TeamStaff, Inc., a New Jersey corporation (the
"Company") hereby issues to the Grantee named
in the Notice of Restricted Stock Bonus Award (the
"Notice") the Total Number of Shares of
Common Stock awarded as set forth in the Notice (the
"Shares") subject to the Notice, this
Restricted Stock Bonus Award Agreement (the
"Agreement") and the Plan. All Shares issued
hereunder will be deemed issued to the Grantee as fully paid and
nonassessable shares, and the Grantee will have the right to vote the
Shares at meetings of the Company's stockholders. The Company
will pay any applicable stock transfer taxes imposed upon the issuance
of the Shares to the Grantee hereunder.

2. Transfer
Restrictions. The Shares issued to the Grantee hereunder (the
‘‘Restricted Shares’’) may not be sold,
transferred by gift, pledged, hypothecated or otherwise transferred or
disposed of by the Grantee prior to the date when the Shares become
Vested pursuant to the Vesting Schedule set forth in the Notice (the
‘‘Vesting Schedule’’). Any attempt to
transfer Restricted Shares in violation of this Section 2 will be null
and void and will be disregarded.

3. Escrow of Stock. For
purposes of facilitating the enforcement of the provisions of this
Agreement, the Grantee agrees, immediately upon receipt of the
certificate(s) for the Restricted Shares, to deliver such
certificate(s), together with an Assignment Separate from Certificate
in the form attached hereto as Exhibit A, executed in blank by the
Grantee with respect to each such stock certificate, to the Secretary
of the Company, to hold in escrow for so long as such Restricted Shares
have not Vested pursuant to the Vesting Schedule, with the authority to
take all such actions and to effectuate all such transfers and/or
releases as may be necessary or appropriate to accomplish the
objectives of this Agreement in accordance with the terms hereof. The
Grantee hereby acknowledges that the appointment of the Secretary of
the Company as the escrow holder hereunder with the stated authorities
is a material inducement to the Company to make this Agreement and that
such appointment is coupled with an interest and is accordingly
irrevocable. The Grantee agrees that such escrow holder will not be
liable to any party hereto (or to any other party) for any actions or
omissions unless such escrow holder is grossly negligent relative
thereto. The escrow holder may rely upon any letter, notice or other
document executed by any signature purported to be genuine and may
resign at any time. Upon the Vesting of Restricted Shares, the escrow
holder will, without further order or instruction, transmit to the
Grantee the certificate evidencing such Shares.

4.
Additional Securities and Distributions.

(a) Any securities or
cash received (other than a regular cash dividend) as the result of
ownership of the Restricted Shares (the "Additional
Securities"), including, but not by way of limitation,
warrants, options and securities received as a stock dividend or stock
split, or as a result of a recapitalization or reorganization or other
similar change in the Company's capital structure, will be
retained in escrow in the same manner and subject to the same
conditions and restrictions as the Restricted Shares with respect to
which they were issued, including, without limitation, the Vesting
Schedule. The Grantee will be entitled to direct the Company to
exercise any warrant or option received as Additional Securities upon
supplying the funds necessary to do so, in which event the securities
so purchased will constitute Additional Securities, but the Grantee may
not direct the Company to sell any such warrant or option. If
Additional Securities consist of a convertible security, the Grantee
may exercise any conversion right, and any securities so acquired will
constitute Additional Securities. In the event of any change in
certificates evidencing the Restricted Shares or the Additional
Securities by reason of any recapitalization, reorganization or other
transaction that results in the creation of Additional Securities, the
escrow holder is authorized to deliver to the issuer the certificates
evidencing the Shares or the Additional Securities in exchange for the
certificates of the replacement securities.

(b) The Company will
disburse to the Grantee all regular cash dividends with respect to the
Restricted Shares and Additional Securities (whether vested or not),
less any applicable withholding obligations.

1

5. Taxes.

(a) No Section 83(b)
Election. As a condition to receiving the Shares, the Grantee agrees
not to make an election pursuant to Section 83(b) of the Code with
respect to the Restricted Shares, unless the Company consents, in
writing, such consent to be in the sole discretion of the
Company.

(b) Tax Liability. The Grantee is ultimately liable and
responsible for all taxes owed by the Grantee in connection with the
Award, regardless of any action the Company takes with respect to any
tax withholding obligations that arise in connection with the Award.
The Company does not make any representation or undertaking regarding
the treatment of any tax withholding in connection with the grant or
Vesting of the Shares or the subsequent sale of Shares subject to the
Award. The Company does not commit and is under no obligation to
structure the Award to reduce or eliminate the Grantee's tax
liability.

(c) Payment of Withholding Taxes. Prior to any event
in connection with the Award (e.g., Vesting) that the Company
determines may result in any tax withholding obligation, whether United
States federal, state, local or non-U.S., including any employment tax
obligation (the "Tax Withholding
Obligation"), the Grantee must arrange for the
satisfaction of the minimum amount of such Tax Withholding Obligation
in a manner acceptable to the Company.

(i) By Share Withholding.
The Grantee authorizes the Company, upon the exercise of the
Company’s sole discretion, to withhold from those Shares
issuable to the Grantee the whole number of Shares sufficient to
satisfy the minimum applicable Tax Withholding Obligation. The Grantee
acknowledges that the withheld Shares may not be sufficient to satisfy
the Grantee's minimum Tax Withholding Obligation. Accordingly,
the Grantee agrees to pay to the Company or any Related Entity as soon
as practicable, including through additional payroll withholding, any
amount of the Tax Withholding Obligation that is not satisfied by the
withholding of Shares described above.

(ii) By Sale of Shares.
Unless the Grantee determines to satisfy the Tax Withholding Obligation
by some other means in accordance with clause (iii) below, the
Grantee's acceptance of this Award constitutes the
Grantee's instruction and authorization to the Company and any
brokerage firm determined acceptable to the Company for such purpose to
sell on the Grantee's behalf a whole number of Shares from those
Shares issuable to the Grantee as the Company determines to be
appropriate to generate cash proceeds sufficient to satisfy the minimum
applicable Tax Withholding Obligation. Such Shares will be sold on the
day such Tax Withholding Obligation arises (e.g., a Vesting date) or as
soon thereafter as practicable. The Grantee will be responsible for all
broker's fees and other costs of sale, and the Grantee agrees to
indemnify and hold the Company harmless from any losses, costs,
damages, or expenses relating to any such sale. To the extent the
proceeds of such sale exceed the Grantee's minimum Tax
Withholding Obligation, the Company agrees to pay such excess in cash
to the Grantee. The Grantee acknowledges that the Company or its
designee is under no obligation to arrange for such sale at any
particular price, and that the proceeds of any such sale may not be
sufficient to satisfy the Grantee's minimum Tax Withholding
Obligation. Accordingly, the Grantee agrees to pay to the Company or
any Related Entity as soon as practicable, including through additional
payroll withholding, any amount of the Tax Withholding Obligation that
is not satisfied by the sale of Shares described above.

(iii) By
Check, Wire Transfer or Other Means. At any time not less than five (5)
business days (or such fewer number of business days as determined by
the Board) before any Tax Withholding Obligation arises (e.g., a
Vesting date), the Grantee may elect to satisfy the Grantee's Tax
Withholding Obligation by delivering to the Company an amount that the
Company determines is sufficient to satisfy the Tax Withholding
Obligation by (x) wire transfer to such account as the Company may
direct, (y) delivery of a certified check payable to the Company, or
(z) such other means as specified from time to time by the
Board.

6. Stop-Transfer Notices. In order to ensure
compliance with the restrictions on transfer set forth in this
Agreement or the Notice, the Company may issue appropriate
"stop transfer" instructions to its transfer
agent, if any, and, if the Company transfers its own securities, it may
make appropriate notations to the same effect in its own
records.

2

7. Refusal to Transfer. The Company
will not be required (i) to transfer on its books any Shares that have
been sold or otherwise transferred in violation of any of the
provisions of this Agreement or (ii) to treat as owner of such Shares
or to accord the right to vote or pay dividends to any purchaser or
other transferee to whom such Shares will have been so
transferred.

8. Restrictive Legends. The Grantee
understands and agrees that the Company will cause the legends set
forth below or legends substantially equivalent thereto, to be placed
upon any certificate(s) evidencing ownership of the Shares together
with any other legends that may be required by the Company or by state
or federal securities laws:

THE SHARES REPRESENTED BY THIS
CERTIFICATE ARE RESTRICTED BY THE TERMS OF THAT CERTAIN RESTRICTED
STOCK BONUS AWARD AGREEMENT BETWEEN THE COMPANY AND THE NAMED
STOCKHOLDERS. THE SHARES REPRESENTED BY THIS CERTIFICATE MAY BE
TRANSFERRED ONLY IN ACCORDANCE WITH SUCH AGREEMENT, A COPY OF WHICH IS
ON FILE WITH THE SECRETARY OF THE COMPANY.

9. Entire
Agreement: Governing Law. The Notice and this Agreement constitute the
entire agreement of the parties with respect to the subject matter
hereof and supersede in their entirety all prior undertakings and
agreements of the Company and the Grantee with respect to the subject
matter hereof, and may not be modified adversely to the Grantee's
interest except by means of a writing signed by the Company and the
Grantee. These agreements are to be construed in accordance with and
governed by the internal laws of the State of New Jersey without giving
effect to any choice of law rule that would cause the application of
the laws of any jurisdiction other than the internal laws of the State
of New Jersey to the rights and duties of the parties. Should any
provision of the Notice or this Agreement be determined to be illegal
or unenforceable, the other provisions will nevertheless remain
effective and will remain enforceable.

10. Headings. The
captions used in this Agreement are inserted for convenience and will
not be deemed a part of this Agreement for construction or
interpretation.

11. Administration and Interpretation. Any
question or dispute regarding the administration or interpretation of
the Notice or this Agreement will be submitted by the Grantee or by the
Company to the Board. The resolution of such question or dispute by the
Board will be final and binding on all persons.

12. Venue
and Waiver of Jury Trial. The parties agree that any suit, action or
proceeding arising out of or relating to the Notice or this Agreement
will be brought in the United States District Court for the Northern
District of New Jersey (or should such court lack jurisdiction to hear
such action, suit or proceeding, in a New Jersey state court in the
County of Somerset) and that the parties will submit to the
jurisdiction of such court. The parties irrevocably waive, to the
fullest extent permitted by law, any objection the party may have to
the laying of venue for any such suit, action or proceeding brought in
such court. THE PARTIES ALSO EXPRESSLY WAIVE ANY RIGHT THEY HAVE OR MAY
HAVE TO A JURY TRIAL OF ANY SUCH SUIT, ACTION OR PROCEEDING. If any one
or more provisions of this Section 12 will for any reason be held
invalid or unenforceable, it is the specific intent of the parties that
such provisions will be modified to the minimum extent necessary to
make it or its application valid and enforceable.

13.
Notices. Any notice required or permitted hereunder will be given in
writing and will be deemed effectively given upon personal delivery,
upon deposit for delivery by an internationally recognized express mail
courier service or upon deposit in the United States mail by certified
mail (if the parties are within the United States), with postage and
fees prepaid, addressed to the other party at its address as shown in
these instruments, or to such other address as such party may designate
in writing from time to time to the other party.

14.
Definitions. All defined terms not specifically defined herein carry
the same meaning as they do in the Plan. As used herein, the following
definitions will apply:

(a) "Applicable
Laws" means the legal requirements applicable to the
issuance of Awards, if any, under applicable provisions of federal
securities laws, state corporate and securities laws, the Code,

3

the rules of any applicable stock exchange or
national market system, and the rules of any non-U.S. jurisdiction
applicable to Awards granted to residents therein.

(b)
"Award" means the award of Restricted Shares
pursuant to the Notice.

(c) "Code"
means the Internal Revenue Code of 1986, as amended.

(d)
"Common Stock" means the common stock of the
Company.

(e) "Company" means TeamStaff,
Inc., a New Jersey corporation.

(f) "Continuous
Service" means that the provision of services to the
Company in any capacity of Employee or Director is not interrupted or
terminated. In jurisdictions requiring notice in advance of an
effective termination as an Employee or Director, Continuous Service
will be deemed terminated upon the actual cessation of providing
services to the Company notwithstanding any required notice period that
must be fulfilled before a termination as an Employee or Director can
be effective under Applicable Laws. The Grantee's Continuous
Service will be deemed to have terminated upon an actual termination of
Continuous Service. Continuous Service will not be considered
interrupted in the case of (i) any approved leave of absence, (ii)
transfers among the Company, or any successor, in any capacity of
Employee or Director, or (iii) any change in status as long as the
individual remains in the service of the Company in any capacity of
Employee or Director (except as otherwise provided in the Agreement).
An approved leave of absence will include sick leave, military leave or
any other authorized personal leave.

(g)
"Disability" means as such term is expressly
defined in a then-effective written agreement between the Grantee and
the Company, or in the absence of such then-effective written agreement
and definition, as defined under the long-term disability policy of the
Company regardless of whether the Grantee is covered by such policy. In
the absence of a written agreement containing a definition of
disability and if the Company does not have a long-term disability plan
in place, "Disability" means that a Grantee
is unable to carry out the responsibilities and functions of the
position held by the Grantee by reason of any medically determinable
physical or mental impairment for a period of not less than ninety (90)
consecutive days. A Grantee will not be considered to have incurred a
Disability unless he or she furnishes proof of such impairment
sufficient to satisfy the Board in its discretion.

(h)
"Employee" means any person, including an
Officer or Director, who is in the employ of the Company, subject to
the control and direction of the Company as to both the work to be
performed and the manner and method of performance. The payment of a
director's fee by the Company will not be sufficient to
constitute "employment" by the
Company.

(i) "Exchange Act" means the
Securities Exchange Act of 1934, as amended.

(j)
"Fair Market Value" means, as of any date,
the value of Common Stock determined as follows:

(i) If the
Common Stock is listed on one or more established stock exchanges or
national market systems, including without limitation The Nasdaq
National Market or The Nasdaq SmallCap Market of The Nasdaq Stock
Market, its Fair Market Value will be the closing sales price for such
stock (or the closing bid, if no sales were reported) as quoted on the
principal exchange or system on which the Common Stock is listed (as
determined by the Board) on the date of determination (or, if no
closing sales price or closing bid was reported on that date, as
applicable, on the last trading date such closing sales price or
closing bid was reported), as reported in The Wall Street Journal or
such other source as the Board deems reliable;

(ii) If the Common
Stock is regularly quoted on an automated quotation system (including
the OTC Bulletin Board) or by a recognized securities dealer, its Fair
Market Value will be the closing sales price for such stock as quoted
on such system or by such securities dealer on the date of
determination, but if selling prices are not reported, the Fair Market
Value of a share of Common Stock will be the mean between the high bid
and low asked prices for the Common Stock on the date of determination
(or, if no such prices were reported on that date, on the last date
such prices were reported), as reported in The Wall Street Journal or
such other source as the Board deems reliable; or

4

(iii) In the absence of an established
market for the Common Stock of the type described in (i) and (ii),
above, the Fair Market Value thereof will be determined by the Board in
good faith.

(k) "Officer" means a
person who is an officer of the Company or a Related Entity within the
meaning of Section 16 of the Exchange Act and the rules and regulations
promulgated thereunder.

(l) "Share"
means a share of the Common Stock.

5

EXHIBIT A

STOCK ASSIGNMENT
SEPARATE FROM CERTIFICATE

FOR VALUE RECEIVED,
                                                    
hereby sells, assigns and transfers unto
                                                        ,
                 shares of the Common Stock of
TeamStaff, Inc., a New Jersey corporation (the
"Company"), standing in his name on the books
of, the Company represented by Certificate No.      herewith, and
does hereby irrevocably constitute and appoint the Secretary of the
Company attorney to transfer the said stock in the books of the Company
with full power of
substitution.

DATED:                                

SIGNED:                              

PRINT
NAME:____________________

[PLEASE SIGN THIS DOCUMENT BUT
DO NOT DATE IT. THE DATE AND INFORMATION OF THE TRANSFEREE WILL BE
COMPLETED IF AND WHEN THE SHARES ARE
ASSIGNED.]

6

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