Document:

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                                                                    Exhibit 10.1

                                 INTRINSIX CORP.

                           INCENTIVE STOCK OPTION PLAN

1.    PURPOSE AND SCOPE.

      The purposes of this Plan are to encourage stock ownership by key
employees of Intrinsix Corp. (herein called the "Company"), to provide an
incentive for such employees to expand and improve the profits and prosperity of
the Company and to assist the Company in attracting and retaining key personnel
through the grant of Options to purchase shares of the Company's common stock.

      The stock Options granted under this Intrinsix Corp. Incentive Stock
Option Plan are intended to be Incentive Stock Options ("ISOS") under section
422 of the Internal Revenue Code of 1986, as amended, and in furtherance
thereof, the terms used in section 422 and valid Treasury Regulations
promulgated thereunder are hereby incorporated by reference. In addition,
interpretation as to the meaning of terms of this Agreement shall not conflict
with similar or identical terms as used and defined in section 422 of the
Internal Revenue Code of 1986, as amended.

2.    DEFINITIONS.

      (a) "Adoption Date" means the earlier of the date this Intrinsix Corp.
Incentive Stock Option Plan is approved by the Board of Directors or ratified by
a vote of the majority of the outstanding voting common stock at the time of
such vote.

      (b) "Aggregate Optionable Shares" shall mean the total number of shares of
Stock of the Company which may be acquired by Participants under this Plan.
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      (c) "Board" shall mean the Board of Directors of the Company, from time to
time serving.

      (d) "Committee" shall mean the Incentive Stock Option Committee, appointed
by the Board and consisting of not less than two members of the Board.

      (e) "Company" shall mean Intrinsix Corp., a Massachusetts corporation.

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

      (g) "Disabled Participant" shall mean a Participant who is disabled within
the meaning of section 22(e)(3) of the Code.

      (h) "Excess Options" are non-ISO Stock Options governed by the terms of
Section 11.

      (i) "Exercise" shall mean the act of providing to the Company's Treasurer
written notice of intent to exercise Options by paying the Exercise Price and to
receive Stock represented thereby in exchange. Participant shall have up to
thirty (30) days from date of written notice to deliver full payment at the
office of Intrinsix Corp. Failure will result in the immediate cancellation of
the option. Company will issue stock certificates within fifteen (15) days of
receipt of payment for exercised stock.

      (j) "Exercise Price" shall mean the dollar price at which Stock may be
acquired by a Participant by the exercise of an Option as provided in Section 5.

      (k) "ISO Option" is an option to acquire to Stock which is an incentive
stock option and not an Excess Option.

      (l) "Option" shall mean the right to acquire one (1) share of Stock of the
Company by payment of the per share Exercise Price.

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      (m) "Option Agreement" means the written agreement between the Company and
a Participant granting the Participant an Option or Options to acquire Stock.

      (n) "Option Exercise Date" shall mean the first day an Option to acquire
Stock becomes exercisable.

      (o) "Option Grant Date" shall mean the date an Option is deemed granted to
a Participant pursuant to Section 4.

      (p) "Option Grant Period" shall mean the period during which Options may
be granted under the Plan.

      (q) "Plan" shall mean this Intrinsix Corp. Incentive Stock Option Plan.

      (r) "Participant" shall mean each key employee of the Company to whom an
Option or Options to acquire Stock may be granted by the Committee, as
designated by the Committee from time to time.

      (s) "Stock" shall mean the voting common stock of the Company.

      (t) "Ten Percent Stockholder" shall mean a Participant who owns voting
common or other voting stock of the Company which, in the aggregate, represents
more than ten (10%) of the combined voting power of all classes of stock of the
Company entitled to vote.

      (u) "Valuation" shall mean the price per share of Stock of the Company as
established under the valuation method then in effect and approved by the
Committee and if applicable by the Board.

      3. AGGREGATE OPTIONABLE SHARES; CAPITALIZATION CHANGES

      A. Pursuant to section 422(b)(1) of the Code, the total number of shares
of Stock which may be issued by the Company under this Plan is Four Hundred
Thousand (400,000).

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      B. The number of Optionable Shares under the Plan and the number of shares
of stock which may be acquired by the Exercise of Options shall be increased or
decreased to properly reflect changes in the capitalization of the Company. At
the present time, there are Two Million (2,000,000) voting common shares
authorized and One Million One Hundred Fifty Nine Thousand Five Hundred Ninety
(1,159,590) voting common shares issued and outstanding. The Company has but one
(1) class of stock authorized and issued and outstanding.

      4. GRANT OF OPTIONS TO ACQUIRE STOCK; VESTING FOR EXERCISE; TEN YEAR
EXERCISE LIMITATION.

      A. The Committee shall, in its sole discretion, allocate Options to
acquire Stock to the Participant in such amounts, including none, as it may
determine.

      B. The Committee shall determine the Option Exercise Date as to the one or
more Options to acquire Stock which it may grant. Each such determination of the
Option Exercise Date shall be reflected in the written Option Agreement.

      C. No Option granted under this Plan may be exercised more than ten (10)
years from the Option Grant Date.

      D. No Option may be granted under this Plan more than ten (10) years from
the Adoption Date.

      5. DETERMINATION OF EXERCISE PRICE; SPECIAL RULE FOR CERTAIN STOCKHOLDERS.

      A. The Exercise Price as to an Option shall be determined by the
Committee. The Exercise Price as to each share of Stock which may be acquired by
a Participant through the exercise of an underlying Option shall be the fair
market value of the Stock on the date the

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underlying Option is deemed granted. The Exercise Price will be stated in the
Option Agreement.

      B. The Exercise Price for ISO Options granted to a Participant who is at
the Option Grant Date the owner of voting securities issued by the Company or
any of its subsidiaries or its parent which in the aggregate represent over more
than Ten Percent (10%) of the combined voting power of all such classes of
securities entitled to vote shall be One Hundred Ten Percent (110%) of the
Exercise Price determined by the method described in Section 5.A.

      6. $100,000 LIMITATION; ORDERING RULES

      A. If the Exercise Price of all Options exercisable by the Participant in
any single year is more than One Hundred Thousand Dollars ($100,000 US), then
notwithstanding any other provisions of this Plan, those Options which are for
the first time exercisable in that particular year which cause the aggregate of
the Exercise Price for Options exercisable in that year to exceed One Hundred
Thousand Dollars ($100,000 US) shall become Excess Options, which Excess Options
are separately treated under this Plan and are not ISO Options. For purposes of
this section and application of this $100,000 Rule, the Exercise Price of an
Option is determined under Section 5.A., notwithstanding the provisions of
Section 5.B. Excess Options are not ISO Options and the income tax treatment of
them to the Participant are to be governed by section 83 of the Code. B. For the
purposes of this section, Options shall be taken into account in the order in
which they were granted.

      7.    ACCELERATION OF VESTING AND EXERCISABILITY

      A. Notwithstanding any provision to the contrary contained in any Option
Agreement, all outstanding ISO Options and Excess Options shall vest and become
immediately

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exercisable if a Participant shall die or become a Disabled Participant while
employed by the Company.

      B. Notwithstanding any other provision to the contrary or contained in any
Option Agreement, if the corporation shall be a party to any merger or
consolidation where it is not the surviving corporation, all then outstanding
ISO Options and Excess Options shall vest and become immediately exercisable,
notwithstanding that a different schedule of vesting for exercise may exist in
any Option Agreement.

      C. Notwithstanding any provision to the contrary or contained in any
Option Agreement, if in any period measuring twelve (12) calendar months, issued
and outstanding Stock of the Company representing at least fifty percent (50%)
of the combined voting power of all classes of stock of the Company issued and
outstanding at the commencement of any such period is transferred upon the books
of the Company to Stockholders who were not Stockholders at the commencement of
such twelve (12) month period, then all outstanding ISO Options and Excess
Options shall vest and become immediately exercisable, notwithstanding that a
different schedule of vesting for exercise may exist in any Option Agreement.

      8. EXERCISE AND EXPIRATION OF OPTIONS.

      A. No ISO Option or Excess Option granted under this Plan shall be
exercisable after ten (10) years from the Option Grant Date.

      B. The Committee shall determine whether and upon what circumstances a
leave of absence due to service of the Participant in the Armed Forces of the
United States or its allies or government service shall constitute termination
of employment.

      C. ISO Options and Excess Options may be canceled by the Company if in the
sole determination of the Board the Participant has engaged in any act deemed by
the Board to be or

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have been deleterious to the best interests of the Company or the Participant's
employment with the Company shall have been terminated for cause. Termination
for cause shall include the material breach of or continuing neglect of duties
as an employee or the willful misconduct or misfeasance in the performance of
those duties, or, the commission of any act deleterious to the best interests of
the Company. Participant agrees that by accepting Options as evidenced by the
execution of any Option Agreement he or she waives any right to contest the
determination of the Board as to whether any act was, in fact, deleterious to
the best interests of the Company. Further, Participant agrees that by accepting
Options neither Participant nor any person or persons claiming under Participant
shall institute any action, in law or in equity, to challenge any decision by
the Board, and if any action is instituted, Participant and/or each person
claiming under Participant shall be jointly and severally liable to the Company
for double costs and double attorneys fees incurred by the Company in defense
thereof if the Company is the prevailing party.

      D. Notwithstanding any other provision of this Plan, no ISO Option granted
under this Plan where the Exercise Price is required to be calculated under
Section 5.B. shall be exercisable after five (5) years from the Option Grant
Date. After five (5) years from the Option Grant Date of an ISO Option where the
Exercise Price of an Option is required to be calculated under Section 5.B.,
such Option if unexercised shall expire.

      E. A Participant may exercise an Option only if at the Exercise Date the
Participant is an employee of the Company except the following exceptions shall
apply:

      1. If termination of employment of the Participant was caused by the death
or disability, the Participant or those claiming under him or her shall have one
(1) year from the termination of employment to exercise Options.

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      2. If termination of employment of the Participant was for cause, or in
the case of voluntary termination by the Participant without the Company's
consent, all Options terminate and become unexercisable upon termination of
employment with the Company.

      3. If termination of employment of the Participant was for any reason
other than those described in clauses 1. and 2., immediately above, Options may
be exercised for a period of three (3) months from the termination of employment
with the Company.

      9. TRANSFER OF OPTIONS.

      A. Transferability of Options. Notwithstanding any other provision of this
Plan, no Option granted under this Plan shall be transferable by a Participant
other than by Will or under the applicable laws of descent and distribution.

      B. Exercise by Participant Only. Options granted under this Plan may be
exercised during the life of the Participant by the Participant or his guardian
or other personal representative, including the holder of a durable power of
attorney.

      10. FRACTIONAL SHARES; VOTING; NO ENTITLEMENT TO EMPLOYMENT

      A. Fractional Shares. No Options may be exercised for fractional shares
and all fractions shall be rounded down to the next lowest whole number.

      B. Voting. No Participant may vote any share of Stock until such Stock has
been transferred to the Participant upon the books of the Company.

      C. No Entitlement to Continued Employment. The holding of an Option vests
in the Participant no right to continued employment with the Company.

      11. ORDERING RULE FOR EXERCISE OF ISO OPTIONS.

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      ISO Options granted under this Plan shall be exercisable only in
chronological order commencing with the first ISO Option or ISO Options granted.
Cancellation of a prior ISO Option or ISO Options shall not affect this Ordering
Rule, but an ISO Option which becomes unexercisable due to lapse of time shall
be exempt from sequential exercise restrictions.

      12. RESTRICTIONS AS TO EXERCISE PRICE PAID IN INSTALLMENTS.

      If the Company agrees to accept payment of the Exercise Price for Stock in
cash installments and a Promissory Note for any unpaid future installments,
interest shall be charged by the Company and paid by the Participant and shall
not be less than the Applicable Federal Rate then in effect as of the date of
the Exercise of the Option, as to such installments.

      13. TERMS OF EXCESS OPTIONS.

      Excess Options shall be governed by the following special rules:

      A. Exercise Price. If and to the extent that an Option shall be determined
to be an Excess Option, if such Option's Exercise Price shall originally have
been established under Section 5.B. the Committee shall reestablish the Exercise
Price of such Option in accordance with the provisions of Section 5.A., using
the fair market value of the corresponding Stock as of the original Option Grant
Date.

      B. Income Tax Effect Upon Exercise. Exercise of an Excess Option will
result in ordinary income to the Participant in an amount equal to the
difference between the fair market value of the Stock on the date of exercise
and the Exercise Price, as described in section 83 of the Code. The Company may
be obligated to make income tax, FICA and other withholding deductions as to the
Participant for the taxable year of exercise as if such amount of ordinary
income was paid in cash to the Participant by the Company as wages. Such
withholding taxes will be debited from the wages due to the Participant as the
Participant and the Committee shall agree, or such other arrangement between the
Participant and the Company shall

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be made for depositing such required withholding if the Company shall so
determine, and the satisfaction of the Company shall be a condition precedent to
delivery.

      14. INCOME TAX EFFECTS OF EXERCISE; HOLDING PERIOD.

      Stock acquired by the exercise of an ISO Option granted under this Plan
shall not result in income to the Participant upon such exercise and delivery
provided:

      A. No disposition of Stock so acquired by the Participant is made by
the Participant within two (2) years from the Option Grant Date of the exercised
underlying ISO Option nor within one (1) year after the date the Stock so
acquired is transferred to the Participant, as determined by the records of the
Company.

      B. At all times during the period beginning on the Option Grant Date and
ending on the day three (3) months before the date of such exercise, the
Participant was an employee of either the corporation granting such ISO Option,
a parent or subsidiary corporation of such corporation issuing or assuming an
ISO Option in a transaction to which section 424(a) of the Code applies.

      C. The holding period provisions are waived if any Participant dies while
employed by the Company.

      15. INCOME TAX EFFECTS OF EXERCISE; SPECIAL RULE FOR DISABLED
PARTICIPANTS.

      Stock acquired by the exercise of an ISO Option granted under this Plan
shall not result in income to the Disabled Participant provided:

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      A. No disposition of such share is made by the Participant within two (2)
years from the date of the granting of the ISO Option nor within one (1) year
after the stock so acquired is transferred to the Participant; and

      B. At all times during the period beginning on the date of the granting of
the ISO Option and ending on the day one (1) year before the date of such
exercise, the Participant was an employee of either the corporation granting
such ISO Option, a parent or subsidiary corporation of such corporation, or a
corporation or a parent or subsidiary corporation of such corporation issuing or
assuming an ISO Option in a transaction to which Section 424(a) of the Code
applies.

      16. SEVERABILITY.

      If any provision of this Plan is determined by a court of competent
jurisdiction, in a judgment which is final, to be ineffective, those remaining
parts of the Plan shall remain in full force and effect; provided, however, that
if such judgment is that the Plan is not qualified as an Incentive Stock Option
Plan under Section 422 of the Code, then the Plan is, in accordance with such
judgment, canceled as of such date, and Options vested under the Plan shall
remain exercisable notwithstanding such judgment but such Options shall be
Excess Options.

      17. SECURITIES LAW REPRESENTATIONS.

      As a condition to the exercise of any Option, the Company may require the
Participant to represent and warrant at the time of such exercise that any
shares of Stock acquired at exercise are being acquired only for investment and
without any present intention to sell or distribute such shares, if, in the
opinion of counsel for the Company, such a representation is required under the
Securities Act of 1933 or any other applicable law, regulation, or rule of any
governmental agency.

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      Stock which may be acquired by a Participant pursuant to the exercise of
an Option will be issued by the Company in reliance upon an exemption from
registration of such Stock under Rule 701 of the Securities Act of 1933, as
amended.

      As described in the Company bylaws, the Company maintains right of first
refusal on any stock transactions.

      The Company is under no obligation to establish or maintain a market for
any shares exercised under this plan.

      18. GOVERNING LAW.

      This Plan and determination of rights under this Plan shall be determined
in accordance with the laws of the Commonwealth of Massachusetts. 19.
NON-COMPETITION AGREEMENTS. Participation in this plan is subject to all new
employees signing a non-compete agreement in exchange for the grant of an Option
or Options. Employees whose date of hire precedes the effective date shall be
exempt from the requirement of executing a non-competition agreement.

      20. EFFECTIVE DATE.

      The effective date of this Plan is Adoption Date.

      ADOPTED, after Resolution of the Board of Directors this 26 March, 1997.

                                     -----------------------------------
                                    Chairman

ATTEST:

  /s/ Brian Meeks
---------------------------------------
Clerk
SEAL IMPRINT

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                                                                    Exhibit 10.2
                                 INTRINSIX CORP.

                            2000 STOCK INCENTIVE PLAN

1.    Purpose

      The purpose of this 2000 Stock Incentive Plan (the "Plan") of Intrinsix
Corp., a Massachusetts corporation (the "Company"), is to advance the interests
of the Company's stockholders by enhancing the Company's ability to attract,
retain and motivate persons who make (or are expected to make) important
contributions to the Company by providing such persons with equity ownership
opportunities and performance-based incentives and thereby better aligning the
interests of such persons with those of the Company's stockholders. Except where
the context otherwise requires, the term "Company" shall include any of the
Company's present or future subsidiary corporations as defined in Section 424(f)
of the Internal Revenue Code of 1986, as amended, and any regulations
promulgated thereunder (the "Code").

2.    Eligibility

      All of the Company's employees, officers, directors, consultants and
advisors (and any individuals who have accepted an offer for employment) are
eligible to be granted options, restricted stock awards, or other stock-based
awards (each, an "Award") under the Plan. Each person who has been granted an
Award under the Plan shall be deemed a "Participant".

3.    Administration, Delegation

      (a) Administration by Board of Directors. The Plan will be administered by
the Board of Directors of the Company (the "Board"). The Board shall have
authority to grant Awards and to adopt, amend and repeal such administrative
rules, guidelines and practices relating to the Plan as it shall deem advisable.
The Board 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 shall
deem expedient to carry the Plan into effect and it shall be the sole and final
judge of such expediency. All decisions by the Board shall be made in the
Board's sole discretion and shall be final and binding on all persons having or
claiming any interest in the Plan or in any Award. No director or person acting
pursuant to the authority delegated by the Board shall be liable for any action
or determination relating to or under the Plan made in good faith.

      (b) Delegation to Executive Officers. To the extent permitted by
applicable law, the Board may delegate to one or more executive officers of the
Company the power to make Awards and exercise such other powers under the Plan
as the Board may determine, provided that the Board shall fix the maximum number
of shares subject to Awards and the maximum number of shares for any one
Participant to be made by such executive officers.

      (c) Appointment of Committees. To the extent permitted by applicable law,
the Board may delegate any or all of its powers under the Plan to one or more
committees or subcommittees of the Board (a "Committee"). All references in the
Plan to the "Board" shall mean the Board or a Committee of the Board or the
executive officer referred to in Section 3(b)
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to the extent that the Board's powers or authority under the Plan have been
delegated to such Committee or executive officer.

4.    Stock Available for Awards

      (a) Number of Shares. Subject to adjustment under Section 8, Awards may be
made under the Plan for up to 2,000,000 shares of common stock, no par value per
share, of the Company (the "Common Stock"). If any Award expires or is
terminated, surrendered or canceled without having been fully exercised or is
forfeited in whole or in part or results in any Common Stock not being issued,
the unused Common Stock covered by such Award shall again be available for the
grant of Awards under the Plan, subject, however, in the case of Incentive Stock
Options (as hereinafter defined), to any limitation required under the Code.
Shares issued under the Plan may consist in whole or in part of authorized but
unissued shares or treasury shares.

      (b) Per-Participant Limit. Subject to adjustment under Section 8, for
Awards granted after the Common Stock is registered under the Securities
Exchange Act of 1934 (the "Exchange Act"), the maximum number of shares of
Common Stock with respect to which Awards may be granted to any Participant
under the Plan shall be 200,000 per calendar year. The per-Participant limit
described in this Section 4(b) shall be construed and applied consistently with
Section 162(m) of the Code ("Section 162(m)").

5.    Stock Options

      (a) General. The Board may grant options to purchase Common Stock (each,
an "Option") and determine the number of shares of Common Stock to be covered by
each Option, the exercise price of each Option and the conditions and
limitations applicable to the exercise of each Option, including conditions
relating to applicable federal or state securities laws, as it considers
necessary or advisable. An Option which is not intended to be an Incentive Stock
Option (as hereinafter defined) shall be designated a "Nonstatutory Stock
Option".

      (b) Incentive Stock Options. An Option that the Board intends to be an
"incentive stock option" as defined in Section 422 of the Code (an "Incentive
Stock Option") shall only be granted to employees of the Company and shall be
subject to and shall be construed consistently with the requirements of Section
422 of the Code. The Company shall have no liability to a Participant, or any
other party, if an Option (or any part thereof) which is intended to be an
Incentive Stock Option is not an Incentive Stock Option.

      (c) Exercise Price. The Board shall establish the exercise price at the
time each Option is granted and specify it in the applicable option agreement.

      (d) Duration of Options. Each Option shall be exercisable at such times
and subject to such terms and conditions as the Board may specify in the
applicable option agreement.

      (e) Exercise of Option. Options may be exercised by delivery to the
Company of a written notice of exercise signed by the proper person or by any
other form of notice (including electronic notice) approved by the Board
together with payment in full as specified in Section 5(f) for the number of
shares for which the Option is exercised.

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      (f) Payment Upon Exercise. Common Stock purchased upon the exercise of an
Option granted under the Plan shall be paid for as follows:

            (1) in cash or by check, payable to the order of the Company;

            (2) except as the Board may, in its sole discretion, otherwise
provide in an option agreement, by (i) delivery of an irrevocable and
unconditional undertaking by a creditworthy broker to deliver promptly to the
Company sufficient funds to pay the exercise price or (ii) delivery by the
Participant to the Company of a copy of irrevocable and unconditional
instructions to a creditworthy broker to deliver promptly to the Company cash or
a check sufficient to pay the exercise price;

            (3) when the Common Stock is registered under the Exchange Act, by
delivery of shares of Common Stock owned by the Participant valued at their fair
market value as determined by (or in a manner approved by) the Board in good
faith ("Fair Market Value"), provided (i) such method of payment is then
permitted under applicable law and (ii) such Common Stock was owned by the
Participant at least six months prior to such delivery;

            (4) to the extent permitted by the Board, in its sole discretion by
(i) delivery of a promissory note of the Participant to the Company on terms
determined by the Board, or (ii) payment of such other lawful consideration as
the Board may determine; or

            (5) by any combination of the above permitted forms of payment.

      (g) Substitute Options. In connection with a merger or consolidation of an
entity with the Company or the acquisition by the Company of property or stock
of an entity, the Board may grant Options in substitution for any options or
other stock or stock-based awards granted by such entity or an affiliate
thereof. Substitute Options may be granted on such terms as the Board deems
appropriate in the circumstances, notwithstanding any limitations on Options
contained in the other sections of this Section 5.

6.    Restricted Stock

      (a) Grants. The Board may grant Awards entitling recipients to acquire
shares of Common Stock, subject to the right of the Company to repurchase all or
part of such shares at their issue price or other stated or formula price (or to
require forfeiture of such shares if issued at no cost) from the recipient in
the event that conditions specified by the Board in the applicable Award are not
satisfied prior to the end of the applicable restriction period or periods
established by the Board for such Award (each, a "Restricted Stock Award").

      (b) Terms and Conditions. The Board shall determine the terms and
conditions of any such Restricted Stock Award, including the conditions for
repurchase (or forfeiture) and the issue price, if any. Any stock certificates
issued in respect of a Restricted Stock Award shall be registered in the name of
the Participant and, unless otherwise determined by the Board, deposited by the
Participant, together with a stock power endorsed in blank, with the Company (or
its designee). At the expiration of the applicable restriction periods, the
Company (or such designee) shall deliver the certificates no longer subject to
such restrictions to the Participant or if the Participant has died, to the
beneficiary designated, in a manner determined by the Board,

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by a Participant to receive amounts due or exercise rights of the Participant in
the event of the Participant's death (the "Designated Beneficiary"). In the
absence of an effective designation by a Participant, Designated Beneficiary
shall mean the Participant's estate.

7.    Other Stock-Based Awards

      The Board shall have the right to grant other Awards based upon the Common
Stock having such terms and conditions as the Board may determine, including the
grant of shares based upon certain conditions, the grant of securities
convertible into Common Stock and the grant of stock appreciation rights.

8.    Adjustments for Changes in Common Stock and Certain Other Events

      (a) Changes in Capitalization. In the event of any stock split, reverse
stock split, stock dividend, recapitalization, combination of shares,
reclassification of shares, spin-off or other similar change in capitalization
or event, or any distribution to holders of Common Stock other than a normal
cash dividend, (i) the number and class of securities available under this Plan,
(ii) the per-Participant limit set forth in Section 4(b), (iii) the number and
class of securities and exercise price per share subject to each outstanding
Option, (iv) the repurchase price per share subject to each outstanding
Restricted Stock Award, and (v) the terms of each other outstanding Award shall
be appropriately adjusted by the Company (or substituted Awards may be made, if
applicable) to the extent the Board shall determine, in good faith, that such an
adjustment (or substitution) is necessary and appropriate. If this Section 8(a)
applies and Section 8(c) also applies to any event, Section 8(c) shall be
applicable to such event, and this Section 8(a) shall not be applicable.

      (b) Liquidation or Dissolution. In the event of a proposed liquidation or
dissolution of the Company, the Board shall upon written notice to the
Participants provide that all then unexercised Options will (i) become
exercisable in full as of a specified time at least 10 business days prior to
the effective date of such liquidation or dissolution and (ii) terminate
effective upon such liquidation or dissolution, except to the extent exercised
before such effective date. The Board may specify the effect of a liquidation or
dissolution on any Restricted Stock Award or other Award granted under the Plan
at the time of the grant of such Award.

      (c) Acquisition Events

            (1) Definition. An "Acquisition Event" shall mean: (a) any merger or
consolidation of the Company with or into another entity as a result of which
the Common Stock is converted into or exchanged for the right to receive cash,
securities or other property or (b) any exchange of shares of the Company for
cash, securities or other property pursuant to a statutory share exchange
transaction.

            (2) Consequences of an Acquisition Event on Options. Upon the
occurrence of an Acquisition Event, or the execution by the Company of any
agreement with respect to an Acquisition Event, the Board shall provide that all
outstanding Options shall be assumed, or equivalent options shall be
substituted, by the acquiring or succeeding corporation (or an affiliate
thereof). For purposes hereof, an Option shall be considered to be assumed if,
following consummation of the Acquisition Event, the Option confers the right to
purchase, for each share

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of Common Stock subject to the Option immediately prior to the consummation of
the Acquisition Event, the consideration (whether cash, securities or other
property) received as a result of the Acquisition Event by holders of Common
Stock for each share of Common Stock held immediately prior to the consummation
of the Acquisition Event (and if holders were offered a choice of consideration,
the type of consideration chosen by the holders of a majority of the outstanding
shares of Common Stock); provided, however, that if the consideration received
as a result of the Acquisition Event is not solely common stock of the acquiring
or succeeding corporation (or an affiliate thereof), the Company may, with the
consent of the acquiring or succeeding corporation, provide for the
consideration to be received upon the exercise of Options to consist solely of
common stock of the acquiring or succeeding corporation (or an affiliate
thereof) equivalent in fair market value to the per share consideration received
by holders of outstanding shares of Common Stock as a result of the Acquisition
Event.

      Notwithstanding the foregoing, if the acquiring or succeeding corporation
(or an affiliate thereof) does not agree to assume, or substitute for, such
Options, then the Board shall, upon written notice to the Participants, provide
that all then unexercised Options will become exercisable in full as of a
specified time prior to the Acquisition Event and will terminate immediately
prior to the consummation of such Acquisition Event, except to the extent
exercised by the Participants before the consummation of such Acquisition Event;
provided, however, that in the event of an Acquisition Event under the terms of
which holders of Common Stock will receive upon consummation thereof a cash
payment for each share of Common Stock surrendered pursuant to such Acquisition
Event (the "Acquisition Price"), then the Board may instead provide that all
outstanding Options shall terminate upon consummation of such Acquisition Event
and that each Participant shall receive, in exchange therefor, a cash payment
equal to the amount (if any) by which (A) the Acquisition Price multiplied by
the number of shares of Common Stock subject to such outstanding Options
(whether or not then exercisable), exceeds (B) the aggregate exercise price of
such Options.

            (3) Consequences of an Acquisition Event on Restricted Stock Awards.
Upon the occurrence of an Acquisition Event, the repurchase and other rights of
the Company under each outstanding Restricted Stock Award shall inure to the
benefit of the Company's successor and shall apply to the cash, securities or
other property which the Common Stock was converted into or exchanged for
pursuant to such Acquisition Event in the same manner and to the same extent as
they applied to the Common Stock subject to such Restricted Stock Award.

            (4) Consequences of an Acquisition Event on Other Awards. The Board
shall specify the effect of an Acquisition Event on any other Award granted
under the Plan at the time of the grant of such Award.

9.    General Provisions Applicable to Awards

      (a) Transferability of Awards. Except as the Board may otherwise determine
or provide in an Award, Awards shall not be sold, assigned, transferred, pledged
or otherwise encumbered by the person to whom they are granted, either
voluntarily or by operation of law, except by will or the laws of descent and
distribution, and, during the life of the Participant, shall be exercisable only
by the Participant. References to a Participant, to the extent relevant in the
context, shall include references to authorized transferees.

                                      -5-
<PAGE>

      (b) Documentation. Each Award shall be evidenced by a written instrument
in such form as the Board shall determine. Each Award may contain terms and
conditions in addition to those set forth in the Plan.

      (c) Board Discretion. Except as otherwise provided by the Plan, each Award
may be made alone or in addition or in relation to any other Award. The terms of
each Award need not be identical, and the Board need not treat Participants
uniformly.

      (d) Termination of Status. The Board shall determine the effect on an
Award of the disability, death, retirement, authorized leave of absence or other
change in the employment or other status of a Participant and the extent to
which, and the period during which, the Participant, the Participant's legal
representative, conservator, guardian or Designated Beneficiary may exercise
rights under the Award.

      (e) Withholding. Each Participant shall pay to the Company, or make
provision satisfactory to the Board for payment of, any taxes required by law to
be withheld in connection with Awards to such Participant no later than the date
of the event creating the tax liability. Except as the Board may otherwise
provide in an Award, when the Common Stock is registered under the Exchange Act,
Participants may, to the extent then permitted under applicable law, satisfy
such tax obligations in whole or in part by delivery of shares of Common Stock,
including shares retained from the Award creating the tax obligation, valued at
their Fair Market Value. The Company may, to the extent permitted by law, deduct
any such tax obligations from any payment of any kind otherwise due to a
Participant.

      (f) Amendment of Award. The Board may amend, modify or terminate any
outstanding Award, including but not limited to, substituting therefor another
Award of the same or a different type, changing the date of exercise or
realization, and converting an Incentive Stock Option to a Nonstatutory Stock
Option, provided that the Participant's consent to such action shall be required
unless the Board determines that the action, taking into account any related
action, would not materially and adversely affect the Participant.

      (g) Conditions on Delivery of Stock. The Company will not be obligated to
deliver any shares of Common Stock pursuant to the Plan or to remove
restrictions from shares previously delivered under the Plan until (i) all
conditions of the Award have been met or removed to the satisfaction of the
Company, (ii) in the opinion of the Company's counsel, all other legal matters
in connection with the issuance and delivery of such shares have been satisfied,
including any applicable securities laws and any applicable stock exchange or
stock market rules and regulations, and (iii) the Participant has executed and
delivered to the Company such representations or agreements as the Company may
consider appropriate to satisfy the requirements of any applicable laws, rules
or regulations.

      (h) Acceleration. The Board may at any time provide that any Options shall
become immediately exercisable in full or in part, that any Restricted Stock
Awards shall be free of restrictions in full or in part or that any other Awards
may become exercisable in full or in part or free of some or all restrictions or
conditions, or otherwise realizable in full or in part, as the case may be.

                                      -6-
<PAGE>

10.   Miscellaneous

      (a) No Right To Employment or Other Status. No person shall have any claim
or right to be granted an Award, and the grant of an Award shall not be
construed as giving a Participant the right to continued employment or any other
relationship with the Company. The Company expressly reserves the right at any
time to dismiss or otherwise terminate its relationship with a Participant free
from any liability or claim under the Plan, except as expressly provided in the
applicable Award.

      (b) No Rights As Stockholder. Subject to the provisions of the applicable
Award, no Participant or Designated Beneficiary shall have any rights as a
stockholder with respect to any shares of Common Stock to be distributed with
respect to an Award until becoming the record holder of such shares.
Notwithstanding the foregoing, in the event the Company effects a split of the
Common Stock by means of a stock dividend and the exercise price of and the
number of shares subject to such Option are adjusted as of the date of the
distribution of the dividend (rather than as of the record date for such
dividend), then an optionee who exercises an Option between the record date and
the distribution date for such stock dividend shall be entitled to receive, on
the distribution date, the stock dividend with respect to the shares of Common
Stock acquired upon such Option exercise, notwithstanding the fact that such
shares were not outstanding as of the close of business on the record date for
such stock dividend.

      (c) Effective Date and Term of Plan. The Plan shall become effective on
the date on which it is adopted by the Board, but no Award granted to a
Participant that is intended to comply with Section 162(m) shall become
exercisable, vested or realizable, as applicable to such Award, unless and until
the Plan has been approved by the Company's stockholders to the extent
stockholder approval is required by Section 162(m) in the manner required under
Section 162(m) (including the vote required under Section 162(m)). No Awards
shall be granted under the Plan after the completion of ten years from the
earlier of (i) the date on which the Plan was adopted by the Board or (ii) the
date the Plan was approved by the Company's stockholders, but Awards previously
granted may extend beyond that date.

      (d) Amendment of Plan. The Board may amend, suspend or terminate the Plan
or any portion thereof at any time, provided that to the extent required by
Section 162(m), no Award granted to a Participant that is intended to comply
with Section 162(m) after the date of such amendment shall become exercisable,
realizable or vested, as applicable to such Award, unless and until such
amendment shall have been approved by the Company's stockholders as required by
Section 162(m) (including the vote required under Section 162(m)).

      (e) Governing Law. The provisions of the Plan and all Awards made
hereunder shall be governed by and interpreted in accordance with the laws of
the Commonwealth of Massachusetts, without regard to any applicable conflicts of
law.

                                      -7-

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