Document:

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                                                                 EXHIBIT 10(2.5)
                                                                 ---------------

                          FIFTH MODIFICATION AGREEMENT

         This Agreement is entered into effective as of this 1st day of March,
2003, between 1900 Associates L.L.C., a Kansas limited liability company
("Landlord"), and Layne Christensen Company, a Delaware corporation ("Tenant").

                                    RECITALS

         A.       Tenant and Landlord are party to that certain Commercial
Building Lease dated December 21, 1994 (the "Original Lease"), as amended by (i)
that certain First Modification and Ratification of Lease dated February 26,
1996, (ii) that certain Second Modification and Ratification of Lease Agreement
dated April 28, 1997, (iii) that certain Third Modification and Extension
Agreement dated November 3, 1998 and (iv) that certain Fourth Modification
Agreement dated December 29, 1998 (the Original Lease, as amended, to be
referred to as the "Lease").

         B.       Landlord and Tenant desire to amend the Lease as provided
herein.

                  NOW, THEREFORE, in consideration of the mutual consideration
set forth in this Agreement, Landlord and Tenant agree to amend the Lease as
follows:

         1.       EXTENSION OF TERM. Notwithstanding anything to the contrary,
the Lease Expiration Date is changed to December 31, 2008.

         2.       LEASED PREMISES. The Leased Premises is changed to include all
rentable square feet in the building except for the storage and mechanical space
located in the northeast lower level comprising approximately 2,500 square feet
which Landlord reserves the right to occupy.

         3.       MINIMUM ANNUAL RENTAL. Notwithstanding anything to the
contrary, the Minimum Annual Rental shall be as follows:

                   LEASE PERIOD                MINIMUM ANNUAL RENTAL

                  3/1/03- 2/28/04                    $647,619

                  3/1/04- 2/28/05                    $662,779

                  3/1/05- 2/28/06                    $712,779

                  3/1/06- 2/28/07                    $769,779

                  3/1/07-12/31/08                    $769,779

         4.       OPERATING EXPENSE ESCALATION. The parties agree that for
calendar year 2003, there shall be no Operating Expense Escalation Charge
payable by Tenant. Effective January 1, 2004, in addition to the Minimum Annual
Rental, Tenant shall pay the Operating Expense Escalation Charge set forth in
Section 5.B of the Lease; provided, however, the term "Base Year Operating
Expenses" shall mean the Operating Expenses incurred during calendar year 2003
and the Tenant's Pro Rata Share of Operating Expenses shall increase to one
hundred percent (100%).
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         5.       PARKING. Article 44 of the Lease is amended to provide that
Landlord shall provide Tenant with all parking spaces (exclusive of visitor and
handicap parking) available in the parking lot located on the Commercial
Building Parcel for Tenant's use at all times.

         6.       RENEWAL OPTION. Section 1 of the Fourth Modification Agreement
is replaced in its entirety with the following:

         (A)      Provided that Tenant is not in default beyond any applicable
                  period to cure at any time from the exercise of the option
                  until the expiration of the Lease Expiration Date, Tenant
                  shall have an option to renew this Lease for one (1)
                  additional term of five (5) years (the "Renewal Term"),
                  exercisable by giving Landlord written notice of the exercise
                  by not less than 360 days before the expiration of the Lease
                  Expiration Date (the "Expiration Date"). The Renewal Term
                  shall be on the same terms, covenants and conditions as set
                  forth in the Lease with respect to the Extended Term, except
                  that the Minimum Annual Rental (the "MAR") payable during the
                  Renewal Term shall be computed as herein provided.

         (B)      For the Renewal Term, MAR shall be computed as an amount equal
                  to ninety percent (90%) of the then prevailing Market Rate (as
                  hereinafter defined) of the Leased Premises, as if vacant with
                  the then existing improvements, based on its use as general
                  office space, and for comparable office buildings in the
                  Kansas City metropolitan area, adjusting the Base Year
                  Operating Expenses to mean Operating Expenses incurred during
                  calendar year 2007. In determining Market Rate, the parties
                  shall also take into account the condition of the Leased
                  Premises at the commencement of the Renewal Term, the length
                  of the Renewal Term, Tenant's obligation to pay its
                  proportionate share of increases in Operating Expenses as
                  herein provided, the absence of any obligation of Landlord to
                  provide any tenant improvement to the Leased Premises for the
                  Renewal Term, and such other factors as are relevant in the
                  opinion of the parties making such determination.

         (C)      The term "Market Rate" shall mean the rate per square foot of
                  rentable area then being quoted for comparable office
                  buildings with the characteristics noted in paragraph 1(B)
                  above. If the parties do not agree upon the Market Rate within
                  thirty (30) days after Tenant exercises its option to renew,
                  each party shall choose a "Qualified Appraiser" who shall make
                  such determination on its behalf and submit the same to the
                  other party (together with the information forming the basis
                  for such determination) within seventy-five (75) days after
                  Tenant exercises its option to renew (with each party paying
                  the fee for its own appraiser). "Qualified Appraiser" shall
                  mean an appraiser who is independent, licensed and a member of
                  the American Institute of Real Estate Appraisers (the
                  "AIREA"). Unless the two Qualified Appraisers agree to the
                  Market Rate within fifteen (15) days following delivery of the
                  last of the two appraisals, the two Qualified Appraisers shall
                  choose a third Qualified Appraiser and notify Landlord and
                  Tenant of such choice. Each party shall share equally the cost
                  of the third Qualified Appraiser. If the two Qualified
                  Appraisers cannot or do not agree on the choice of a third
                  Qualified Appraiser within ten (10) days following expiration
                  of the immediately preceding fifteen (15) day period, the
                  third Qualified

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                  Appraiser shall be selected by the most senior officer of the
                  Kansas City Chapter or branch of the AIREA or its successor,
                  or if there shall be no successor, a professional organization
                  having a function, standards and qualifications similar
                  thereto. Within thirty (30) days after his or her appointment,
                  the third Qualified Appraiser shall determine the Market Rate
                  of the Leased Premises, in the condition as specified in
                  paragraph 1(B) and taking into account the factors specified
                  in paragraph 1(B), by selecting as such Market Rate either the
                  Market Rate proposed by Tenant's Qualified Appraiser or the
                  Market Rate proposed by Landlord's Qualified Appraiser, and
                  submitting such determination to each party in writing.

         (D)      Based on said mutual agreement or third Qualified Appraiser's
                  determination, Landlord and Tenant shall promptly thereafter
                  execute a written agreement establishing the aforesaid MAR,
                  which shall be binding upon the parties commencing with the
                  first year of the Renewal Term.

         7.       PURCHASE OPTION. Tenant is hereby granted the right,
exercisable by written notice to Landlord at any time after March 1, 2005 and
during the term of this Agreement, to purchase the Commercial Building Parcel.
Upon such exercise of Tenant's option, as to the Commercial Building Parcel, the
Lease shall also be deemed to be a real estate sale contract between Landlord,
as Seller, and Tenant, as Buyer, on and subject to the following terms and
conditions:

         (A)      The purchase price (the "Purchase Price") for the Commercial
                  Building Parcel shall be Four Million Six Hundred Eighty Five
                  Thousand One Hundred and No/100 Dollars ($4,685,100.00).

         (B)      The closing date (the "Closing Date") shall be specified in
                  Tenant's written notice exercising its purchase option with
                  such Closing Date to be within ninety (90) days after notice.

         (C)      Landlord shall deliver to Tenant, not later than thirty (30)
                  days after the exercise of Tenant's purchase option hereunder,
                  a survey of the Commercial Building Parcel conducted not more
                  than ninety (90) days prior to the Closing Date by a surveyor
                  licensed by the State of Kansas, such survey to be sufficient
                  in form to cause the deletion from the title policy referred
                  to in paragraph (D) below of any exceptions concerning matters
                  which would be disclosed by a survey of the Commercial
                  Building Parcel or easements or claims of easements not shown
                  by the public records. Said survey shall also show the
                  location of all easements, rights-of-way and other matters
                  disclosed by the title commitment referred to in paragraph (D)
                  below. If such survey reveals any encroachments, overlaps or
                  other matters which are not acceptable to Tenant, then, unless
                  Tenant shall waive such objections, Tenant shall revoke its
                  exercise of its option hereunder and continue its occupancy of
                  the Commercial Building Parcel upon and subject to all of the
                  terms and provisions hereof.

         (D)      Landlord shall furnish Tenant, at Landlord's expense, an
                  Owner's Policy of Title Insurance, in form reasonably
                  acceptable to Tenant, in the amount of the Purchase Price,
                  issued by a title insurance company

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                  approved by Tenant and authorized to insure titles in the
                  State of Kansas, insuring a merchantable fee simple title in
                  Tenant as of the Closing Date. Landlord shall, not later than
                  twenty (20) days after the exercise of Tenant's purchase
                  option hereunder, deliver to Tenant a commitment for such
                  title policy. If such commitment contains any matters which
                  are not acceptable to Tenant, Tenant shall, within twenty (20)
                  days after receipt of such commitment, notify Landlord in
                  writing of such objections. Landlord hereby covenants and
                  agrees to use its reasonable efforts to correct such
                  objections (but shall not be required to commence any
                  litigation against any third parties); provided, however, that
                  if Landlord is unable to correct such objections within thirty
                  (30) days after receipt of written notice of objection from
                  Tenant, then, unless Tenant shall elect to waive such
                  objections, Tenant shall revoke its exercise of its option
                  hereunder and continue its occupancy of the Leased Premises
                  upon and subject to all of the terms and provisions hereof.
                  Landlord covenants and agrees to execute and deliver to the
                  title company a seller's affidavit in such reasonable form as
                  the title company may require.

         (E)      The risk of loss shall be upon Landlord prior to the Closing
                  Date. In the event that prior to the Closing Date any of the
                  improvements on the Commercial Building Parcel are destroyed
                  or damaged by fire or other casualty, Tenant may, at its
                  option, enforce its rights under this option and accept an
                  assignment of the insurance proceeds payable as a result of
                  such casualty, or, in the event Tenant elects not to proceed
                  with the purchase of the Commercial Building Parcel pursuant
                  to its rights under this option, Tenant shall revoke its
                  exercise of its option hereunder and continue its occupancy of
                  the Commercial Building Parcel upon and subject to all of the
                  terms and provisions hereof.

         (F)      Landlord shall convey the Commercial Building Parcel on the
                  Closing Date to Tenant by a general warranty deed, properly
                  executed and conveying the Commercial Building Parcel free and
                  clear of all liens and encumbrances whatsoever, except as
                  hereinabove provided.

         (G)      In the event that, after Tenant's exercise of its option
                  hereunder, either party shall default in its agreements set
                  forth in this Section 7, the non-defaulting party shall have
                  all rights and remedies available at law, in equity or
                  hereunder.

         (H)      Right to Exchange Real Property. Buyer agrees that Seller,
                  through the use of a qualified intermediary, may desire to
                  transfer the Commercial Building Parcel through a tax free
                  exchange, deferred exchange or reverse exchange of real
                  property pursuant to Section 1031 of the Internal Revenue
                  Code; provided, however (i) in no event shall any such
                  exchange, or Seller's inability to complete any such exchange,
                  impair or otherwise affect the Closing Date, (ii) Buyer shall
                  have no obligation or liability to Seller or any other party
                  in any respect for any matters in connection with any such
                  exchange other than payment of the Purchase Price in exchange
                  for the conveyance to Buyer of fee simple title to the
                  Commercial Building Parcel by deed subject only to those
                  matters permitted hereunder and (iii) Seller shall indemnify
                  and hold Buyer

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<PAGE>

                  harmless from and against any claims, actions, liability and
                  expense in connection with each such exchange.

         8.       RIGHT OF FIRST REFUSAL. In the event during the term of this
Lease Landlord receives an offer from a third party to purchase Landlord's
interest in the Commercial Building Parcel which Landlord desires to accept (the
"Third Party Offer"), Landlord shall (provided Tenant is not then in default
beyond the expiration of any applicable notice and grace period provided for the
curing of such default), furnish Tenant with a copy of such Third Party Offer.
During the ten (10) business day period following Tenant's receipt of such Third
Party Offer, Tenant shall have the pre-emptive right to purchase the Commercial
Building Parcel from Landlord on the same terms and conditions as are set forth
in the Third Party Offer. If Tenant timely elects to purchase the Commercial
Building Parcel, the parties shall promptly enter into a purchase and sale
agreement and the closing of such transaction shall be consummated on a date
selected by Tenant, but which shall occur not later than sixty (60) days after
Tenant's receipt of the Third Party Offer. If Tenant does not timely elect to so
purchase the Commercial Building Parcel, Landlord shall be free to accept the
Third Party Offer and to consummate the sale of the Commercial Building Parcel,
in which case, the provisions of this Paragraph shall automatically terminate
and shall be of no further force or effect.

         9.       LANDLORD'S WORK. Landlord agrees to perform the work described
on the attached Exhibit A within 120 days after the date hereof except that the
requirement to clean all carpets in Item 1 of Floor Covering shall be completed
between the dates of May 15, 2003 and June 1, 2003.

         10.      OTHER TERMS. Except as modified herein, all other terms and
conditions of the Lease shall remain unmodified and in full force and effect.

         The parties have executed this Agreement effective as of the date
indicated above.

1900 ASSOCIATES L.L.C.                     LAYNE CHRISTENSEN COMPANY
a Kansas limited liability company         a Delaware corporation

By: /s/ JAMES ELLIS                        By: /s/ JERRY F. FANSKA
    ------------------------------             --------------------------------
    James Ellis, Manager                       Jerry W. Fanska, Vice President

                                       5
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                                                                       EXHIBIT A

                          1900 SHAWNEE MISSION PARKWAY
                           MISSION WOODS, KANSAS 66205

<TABLE>
<S>  <C>   <C>
FLOOR COVERING
      1.   Clean all carpeting.
      2.   Repair cracked marble at east & west doorways off the lobby.
      3.   Clean carpeting in lobby elevator.
      4.   Replace plants in atrium.

WALL COVERING

      1.   Clean/vacuum wall covering in CEO and Executive Assistant's offices.
      2.   Clean/vacuum wall covering in executive conference room.
      3.   Glue wall covering in various offices that has come undone because of roof leakage.
      4.   Paint walls at west end where reader door is located
      5.   Paint walls in freight elevator area.
      6.   Repair wallpaper in doorway into sitting room in the ladies restroom
      7.   Clean/paint lower level doors west end into HVAC area.
      8.   Ellis Enterprise contract with linen company for walk-off mats for west reader door and lobby.

CABINETS

      1.   Repair cabinets in copy room area.
      2.   Repair backsplashes in lower level Layne's current kitchen.

APPLIANCES

      1.   Replace dishwasher in board room.

PLUMBING

      1.   Replace or repair where possible faucets in mailroom and boardroom kitchens.
      2.   Replace or repair where possible all faucets and drain stops in restrooms throughout building.

CEILING TILES/LIGHTING

      1.   Replace all damaged/badly stained ceiling tiles on upper level.

LADIES' RESTROOMS

      1.   SANITIZE ALL RESTROOMS
      2.   Repair toilets so that they flush properly.
      3.   Clean the tile walls and floors.
      4.   Repair/reattach Formica covering to all restroom stall doors.
</TABLE>

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<TABLE>
<S>  <C>   <C>
MEN'S RESTROOMS

      1.   SANITIZE ALL RESTROOMS
      2.   Repair toilets so that they flush properly.
      3.   Clean the tile walls and floors.

WATER COOLERS

      1.   REPAIR all water coolers.

WOODWORK

      1.   Repair/touch up all scratches on wood doors.
      2.   Clean all woodwork, crown molding in executive offices, executive conference room, board room.

ELECTRICAL

      1.   Cap off/cover any exposed floor outlets so that employees don't trip over them.

PARKING LOT

      1.   Repave parking lot as suggested.
      2.   Fix parking lot lights as required.

EXTERIOR

      1.   Replace all sidewalks.
      2.   Replace/repair all brick on patio.

OLD MTW AREA

      1.   Repair, kitchen floor
      2.   Clean carpeting in large open area
      3.   Repair north wall where cubicles had been mounted
      4.   Clean all glass
      5.   Paint walls where necessary

</TABLE><PAGE>
                                                                  EXHIBIT 10(17)
                                                                  --------------

                            LAYNE CHRISTENSEN COMPANY
                               DISTRICT INCENTIVE
                                COMPENSATION PLAN

                       REVISED EFFECTIVE FEBRUARY 1, 2000

--------------------------------------------------------------------------------
--------------------------------------------------------------------------------

SECTION I.       DEFINITIONS.

         In addition to the terms defined elsewhere throughout this Plan (as
defined in Section II below), the following terms shall have the following
meanings:

         "Average Assets" for a certain District shall mean that District's
prior twelve (12) month average assets ending with the last month of the fiscal
year for which the calculation is being performed.

         "Committee" shall mean the administrative committee of this Plan (as
defined in Section II below).

         "Company" shall mean Layne Christensen Company.

         "District" shall mean a separate profit center of the Company as
determined from the Company's internal financial records; provided, however,
that the Committee shall have the authority in its discretion to group one or
more profit centers into one "district" for purposes of this Plan.

         "Ebit" shall mean earnings before interest and taxes.

         "EBIT Benchmark" shall mean the performance benchmark assigned to a
certain District and based on that District's EBIT.

         "Expense Factor" shall mean the percentage relationship on a
consolidated basis between the total of all Company field, selling, and general
and administrative expenses and total Company revenue.

         "EPS" shall mean basic earnings per share as reflected in the Company's
consolidated financial statements (net of extraordinary gains and losses as
determined by the Committee in its sole discretion).

         "IGS Allocated Expenses" shall mean the Expense Factor multiplied by
the IGS Revenue for a certain IGS Project.

<PAGE>
         "IGS Job Margin" shall mean the total job margin recognized in a fiscal
year from a certain IGS Project, less any job margin recognized by the Subject
District for a job that is included as a component of such IGS Project.

         "IGS Profit" shall mean the IGS Job Margin for a certain IGS Project
minus the IGS Allocated Expenses for such project; provided, however, if the IGS
Profit is less than zero, then the IGS Profit shall be deemed to equal zero for
the purposes of this Plan and the calculations to be made hereunder.

         "IGS Project" shall mean an integrated groundwater service project that
includes either (i) the design or construction of water supply systems which
include one or more of the following elements: (a) a water treatment plant, (b)
a Ranney collector well, (c) a Bridgewater manufactured product, or (d) a
hydrological study, or (ii) the design or construction of water well fields
which will allow the Company to supply water over an extended period of time;
provided, however, notwithstanding the foregoing definition, the Committee shall
have full power, in its sole discretion, to determine whether or not any project
constitutes an IGS Project for the purposes of this Plan.

         "IGS Revenue" shall mean the total revenue recognized in a fiscal year
from a certain IGS Project, less any revenue recognized by the Subject District
for a job that is included as a component of such IGS Project.

         "Pool" shall mean the bonus pool established for each District for each
fiscal year.

         "Return on Assets" for a certain District shall mean that District's
EBIT for a certain fiscal year divided by Average Assets for such fiscal year.

         "Return on Sales" for a certain District shall mean that District's
EBIT for a certain fiscal year divided by that District's revenue for such
fiscal year.

         "Revenue Benchmark" shall mean the performance benchmark assigned to a
certain District and based on that District's revenue.

         "Subject District" shall mean the District for whom the Pool is being
calculated.

SECTION II.      PURPOSE OF THE PLAN.

         The Company desires to effect a program of making awards as soon as
practicable after the end of each fiscal year, as provided below, to certain
employees of the Company and its subsidiaries, Christensen Boyles Corporation,
Boyles Bros. Drilling Company and Layne Christensen Canada Limited, who during
such fiscal year, in the judgment of the Committee have significantly
contributed to the achievement of certain objectives of the Company and of the
District within the Company in which such employees perform services. The
purpose of this program is to provide additional incentive for the eligible
employees to promote the best interests and most profitable operation of the
Company.

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<PAGE>

         This program shall be known as the "Layne Christensen Company District
Incentive Compensation Plan" (hereinafter referred to as the "Plan"). This Plan
amends and supersedes the Layne Christensen Company District Incentive
Compensation Plan previously approved and adopted by the board of directors on
August 3, 1999. The existence of the Plan shall not be in lieu of or otherwise
affect or be affected by any other compensation plan or arrangement of the
Company.

SECTION III.     ADMINISTRATION.

         The Plan shall be administered by the Committee. The Committee shall
consist of at least three persons appointed by the Board of Directors of the
Company. During the one-year period prior to the commencement of service of a
Committee member on the Committee, such member shall not have participated in,
and while serving and for one year after serving on the Committee, such member
shall not be eligible for participation in, the Plan.

         The Committee shall have full power, in its sole discretion, to
interpret, construe and administer the Plan and adopt rules and regulations
relating to the Plan.

         Decisions made by the Committee in good faith and in the exercise of
its powers and duties hereunder shall be binding upon all parties concerned. No
member of the Committee shall be liable to anyone for any action taken or
decision made in good faith pursuant to the power or discretion vested in such
person under the Plan.

SECTION IV.      PARTICIPATION.

         All salaried, non-clerical employees, other than corporate general and
administrative employees and Integrated Groundwater Services Division employees
responsible for business development, shall be eligible for participation in the
Plan (and shall hereinafter be referred to as "Participants").

         In addition to the Participants and at the discretion of the
District/Branch Manager, with the concurrence of the operating vice president
responsible for the District, a portion of the Pool may be set aside for payment
to District employees who do not participate in any other Company bonus or
incentive program.

SECTION V.       CALCULATION OF BENCHMARKS.

         The incentive compensation of each Participant and the Pool for each
District shall be calculated based on certain performance benchmarks. Each
fiscal year, each District will be assigned a Revenue Benchmark and an EBIT
Benchmark. The Revenue Benchmark and the EBIT Benchmark for each District for
the 2001 fiscal year shall be as set forth on Schedule I attached to this Plan.
The Committee shall have the authority to amend Schedule I at any time to
increase or decrease the performance benchmarks, to add or remove Districts or
otherwise as the Committee, in its sole discretion, deems necessary or
advisable. For each fiscal year following the 2001 fiscal year, the Revenue
Benchmark for each District shall be calculated by adding that District's
Revenue Benchmark for the immediately preceding fiscal year to the amount of

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<PAGE>

revenue credited to such District during such fiscal year and dividing the sum
of those two numbers by two; provided, however, in no event shall the Revenue
Benchmark for a fiscal year ever be less than the Revenue Benchmark for the
immediately preceding fiscal year. For each fiscal year following the 2001
fiscal year, the EBIT Benchmark for each District shall be calculated by adding
that District's EBIT Benchmark for the immediately preceding fiscal year to the
amount of EBIT credited to such District during such fiscal year and dividing
the sum of those two numbers by two; provided, however, in no event shall the
EBIT Benchmark for a fiscal year ever be less than the EBIT Benchmark for the
immediately preceding fiscal year.

SECTION VI.      GENERATION OF BONUS POOLS.

         As soon as practical following the end of each fiscal year, a Pool
shall be established for each District in an amount equal to $0.02 for each
$1.00 of revenue generated during such fiscal year by such District that is over
and above that District's Revenue Benchmark for such fiscal year, plus $0.22 for
each $1.00 of such District's EBIT for such fiscal year that is over and above
that District's EBIT Benchmark for such fiscal year. In addition, regardless of
whether or not a District meets its Revenue Benchmark or its EBIT Benchmark
during any fiscal year, (i) if a District has EBIT for any fiscal year that are
greater than fifteen percent (15%) of such District's revenues for such fiscal
year, then a contribution will be made to such District's Pool in an amount
equal to one-quarter of one percent (0.25%) of such District's revenues for such
fiscal year, and (ii) if a District has a Return on Assets during any fiscal
year that is greater than fifty percent (50%), then a contribution will be made
to such District's Pool in an amount equal to one quarter of one percent (0.25%)
of such District's revenues for such fiscal year. For the purposes of
calculating the revenue, EBIT, Return on Assets and Return on Sales of each
District, other than the Bridgewater, Bridgewater Construction and GeoSciences
Districts, fifty percent (50%) of the IGS Revenue and fifty percent (50%) of the
IGS Profit from any IGS Project performed in a District's geographic territory
(as determined by the Committee in its sole discretion) shall be added to the
financial results of such District upon the last to occur of (i) completion of
such IGS Project and (ii) recognition of the IGS Revenue and/or IGS Profit for
such IGS Project in the Company's financial results.

         Notwithstanding the foregoing, (i) the Committee shall have the option,
at its sole discretion, of eliminating part or all of the incentive compensation
awards which otherwise could be made under this Plan in any given fiscal year in
which the Company's EPS is negative for such fiscal year; (ii) no incentive
compensation awards shall be made to a District's Participants in any given
fiscal year if that District's Return on Sales is less than eight percent (8%)
for such fiscal year; and (iii) the Committee shall have the option, at its sole
discretion, of eliminating part or all of any project with revenues over $5
million performed by a District during any given fiscal year from the
calculation of that District's revenues, EBIT, Return on Sales or Return on
Assets for such fiscal year and electing to provide incentive compensation with
respect to such projects, if any, separately from this Plan on a project by
project basis.

SECTION VII.     DETERMINATION OF AMOUNT OF AWARD.

         The amount of incentive award to be granted from the Pool to all
General, District and Branch Managers shall be determined by the operating vice
president responsible for that District

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<PAGE>

with the concurrence of the Company President. The amount of the incentive award
to be granted from the Pool to all other Participants shall be determined by the
General, District and/or Branch Managers with the concurrence of the operating
vice president responsible for that District. The amount of the individual
awards shall be discretionary, in the sole judgment of those making the awards,
based upon the individual's performance for that fiscal year, provided, however,
that in no event shall the amount of any Participant's award exceed 100% of that
Participant's annual regular salary as of the first day of that fiscal year.

SECTION VIII.    TYPE OF AWARD.

         Notwithstanding anything to the contrary elsewhere in this Plan, if the
Company's EPS for the fiscal year are equal to or less than the Company's EPS
for the immediately preceding fiscal year, the Board of Directors of the
Company, or the Compensation Committee thereof, shall have the authority, in its
discretion, to pay awards under the Plan in cash, common stock of the Company,
or a combination of both. If the Company's EPS for the fiscal year are greater
than the Company's EPS for the immediately preceding fiscal year, each
Participant shall receive his or her individual award in cash.

SECTION IX.      TERMINATION OF EMPLOYMENT.

         In the event a Participant voluntarily terminates his or her employment
with the Company at any time prior to the close of the fiscal year, the
Participant will not be eligible for any award otherwise payable for the fiscal
year.

         In the event a Participant is involuntarily terminated (without cause)
prior to the close of the fiscal year, the Participant will be considered for
receipt of the award he or she would have otherwise received (as determined by
the Committee in its sole discretion) and, if awarded, prorated to reflect the
length of the Participant's service during the relevant fiscal year. The
Committee will take into consideration the circumstances of the termination in
determining the propriety and amount of the award. The Company's payment of
severance or post-employment salary support to a Participant will not be
considered part of the Participant's annual regular salary for purposes of the
Plan.

SECTION X.       MISCELLANEOUS.

         There shall be deducted from each cash payment made under the Plan the
amount of any tax requested by any governmental authority to be withheld by the
Company with respect to such payment. A Participant receiving stock hereunder
shall have deducted by the Company from the award the amount of any taxes which
the Company is required by any governmental authority to withhold with respect
to such stock prior to calculation of the number of shares of stock to be
awarded.

         Nothing in the Plan shall be construed to give any person any benefit,
right or interest except as expressly provided herein, and nothing in the Plan
shall be construed as establishing any right of continued employment by the
Company.

                                       5
<PAGE>

         A Participant's rights and interests under the Plan may not be assigned
or transferred. In the case of a Participant's death prior to payment of a
Participant's award, payment in an amount equal to what the Participant would
have otherwise received had he or she been employed on the last day of the
fiscal year (as determined by the Committee in its sole discretion), prorated to
reflect the length of the Participant's service during the relevant fiscal year,
shall be made to the personal representatives of the Participant's estate or
such other person or persons as the Committee deems appropriate.

         The Board of Directors of the Company, or the Compensation Committee
thereof, may discontinue the Plan, in whole or in part, at any time, or may,
from time to time, amend the Plan in any respect that such Board (or Committee)
may deem advisable. In the event the Plan is terminated, no further payments
will be made under the Plan.

SECTION XI.      EFFECTIVE DATE.

         The Plan, as amended, shall be effective as of February 1, 2000.

                                       6

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