Document:

Exhibit
      10.3

    

    PROMISSORY
      NOTE

    

    

    
      	$44,927.84	
               March
                31,
                2006

            

    

           

    FOR
      VALUE
      RECEIVED, C2 Global Technologies Inc., a Florida corporation formerly known
      as
      Acceris Communications Inc. and I-Link Incorporated (the “Maker”) promises to
      pay to Counsel Corporation, an Ontario corporation, or its assigns (the
“Payee”), in the lawful money of the United States of America (“Dollars” or “$”)
      the principal sum of Forty-Four Thousand Nine Hundred Twenty-Seven and 84/100ths
      Dollars funded from time to time by Payee to Maker, together with interest
      thereon as set forth herein, on or before the Maturity Date as provided below
      and in accordance with the provisions of that certain Loan Agreement dated
      as of
      January 26, 2004 between the Maker and Payee as the same may be amended,
      modified, extended or restated, the “Loan Agreement.” Capitalized terms used
      herein but not defined shall have the meanings ascribed to them in the Loan
      Agreement.

    

    1. Interest.
      The
      outstanding principal amount of this Promissory Note (the “Note”), together with
      unpaid interest, shall bear interest at the rate of ten percent (10%) per annum
      commencing on April 1, 2006, which interest shall accrue and be compounded
      quarterly and shall result in a corresponding increase in the principal amount
      of the Indebtedness.

    

    2. Time
      and Place of Payment.
      The
      Indebtedness shall be due and payable in full on December 31, 2006 (the
“Maturity Date”); provided, further, however, that notwithstanding the above,
      the Maturity Date shall be accelerated to the date ten (10) calendar days
      following closing under or conclusion of an equity investment or investments
      in
      the Maker by a third party unrelated to Counsel Corp through the capital
      markets, whether pursuant to a registered offering or unregistered offering
      or
      other transaction (an “Equity Investment”); provided, further, however, that the
      Maturity Date shall be accelerated with respect only to the portion of the
      unpaid Indebtedness equal to the net amount received by the Maker from any
      such
      Equity Investment. 

    

    3. The
      Indebtedness, including that portion of the Indebtedness represented by this
      Note, is secured pursuant to that Amended and Restated Stock Pledge Agreement
      between the Maker and Payee dated as of January 26, 2004, executed and delivered
      concurrent herewith as the same has been amended, modified, extended or
      restated, the “Stock Pledge Agreement.”

    

    4. Events
      of Default.
      The
      occurrence of any of the following events or conditions shall constitute an
      event of default (each an “Event of Default”):

     

    (a) Maker
      shall fail to pay any of the Indebtedness pursuant to terms of this
      Note;

    (b) Maker
      shall fail to comply with any term, obligation, covenant, or condition contained
      in any agreement between Maker and Payee (each, an “Agreement”);

    (c) Any
      warranty or representation made to Payee by Maker under any Agreement proves
      to
      have been false when made or furnished;

    (d) If
      Maker
      voluntarily files a petition under the federal Bankruptcy Act, as such Act
      may
      from time to time be amended, or under any similar or successor federal statute
      relating to bankruptcy, insolvency, arrangements or reorganizations, or under
      any state bankruptcy or insolvency act, or files an answer in an involuntary
      proceeding admitting insolvency or inability to pay debts, or if Maker is
      adjudged a bankrupt, or if a trustee or receiver is appointed for Maker’s
      property, or if Maker makes an assignment for the benefit of its creditors,
      or
      if there is an attachment, receivership, execution or other judicial seizure,
      then Payee may, at Payee’s option, declare all of the Indebtedness to be
      immediately due and payable without prior notice to Maker, and Payee may invoke
      any remedies permitted by this Note. Any attorneys’ fees and other expenses
      incurred by Payee in connection with Maker’s bankruptcy or any of the other
      events described in this Section 3 shall be additional Indebtedness of Maker
      secured by this Note.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    (e) There
      exists a material breach by Maker under (or a termination by any party of)
      a
      material contract of Maker (for purposes of this Section 4 a material contract
      shall mean any contract resulting in revenues of in excess of $10,000 per
      annum);

    (f) Maker
      is
      in default under any funded indebtedness, including but not limited to
      indebtedness evidenced by notes or capital leases, of Maker other than the
      amounts loaned pursuant to this Note; or

    (g) If
      Maker’s business undergoes a material adverse change in Payee’s reasonable
      opinion.

    

    If
      an
      Event of Default specified in Section 4(d) hereof occurs and is continuing,
      the
      principal amount of the Indebtedness, together with all accrued and unpaid
      interest thereon, shall automatically become and be immediately due and payable,
      without any declaration or other act on the part of Payee.

    

    5. Acceleration.
      Upon an
      Event of Default, the Payee may give written notice to the Maker of the
      occurrence of such Event of Default and Maker shall have the shorter of (i)
      thirty (30) days or (ii) such remedy period as set forth in the applicable
      provisions of Section 4 within which to cure such Event of Default. If the
      Event
      of Default is not cured within the applicable cure period, then, at the option
      of the Payee, Payee may declare the Maker in default (a “Default”) and all sums
      due hereunder shall become immediately due and payable.

    

    Any
      written notification from Payee to Maker hereunder shall be deemed to be written
      notification of an Event of Default, or Default, or rescission of Acceleration
      (as provided below), respectively, only if such notification, communication
      or
      other election shall (a) be clearly and distinctly identified as such a Notice
      of Event of Default, Notice of Default, or Notice of Rescission of Acceleration,
      respectively, and (b) be given by certified mail, return receipt requested
      or
      overnight delivery requiring acknowledgement of receipt, and any communication
      between the parties not so designated and delivered shall not be construed
      or
      deemed to be effective notice under this Section 5.

    

    6. Waivers.
      The
      Maker hereby waives presentment, demand for payment, notice of dishonor and
      any
      and all other notices or demands in connection with the delivery, acceptance,
      performance, default or enforcement of this Note and hereby consents to any
      waivers or modifications that may be granted or consented to by the Payee of
      this Note. No waiver by the Payee or any breach of any covenant of the Maker
      herein contained or any term or condition hereof shall be construed as a waiver
      of any subsequent breach of the same or of any other covenant, term or condition
      whatsoever.

    

    7. Enforcement.
      In the
      event that any Payee of this Note shall institute any action for the enforcement
      or the collection of this Note, there shall be immediately due and payable,
      in
      addition to the unpaid balance of this Note, all late charges, and all costs
      and
      expenses of such action including reasonable attorney’s fees. The Maker waives
      the right to interpose any setoff, counterclaim or defense of any nature or
      description whatsoever.

    

    8. Replacement
      of Note.
      Upon
      receipt by the Maker of evidence satisfactory to it of the loss, theft,
      destruction or mutilation of this Note, and (in case of loss, theft or
      destruction) of an indemnity reasonably satisfactory to it, and upon
      reimbursement to the Maker of all reasonable expenses incidental thereto, and
      upon surrender and cancellation of this Note if mutilated, the Maker will make
      and deliver a new Note of like tenor in lieu of this Note.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    9. Amendments.
      This
      Note may not be changed, modified, amended, or terminated except by a writing
      duly executed by the Maker and the Payee.

    

    10. Governing
      Law.
      This
      Note shall be governed by, and construed in accordance with, the laws of the
      State of New York.

    

    11. Assignment.
      This
      Note may not be assigned, in whole or in part, by operation of law or otherwise,
      by the Maker without the prior written consent of the Payee in its sole and
      absolute discretion, and any purported assignment without the express prior
      written consent of the Payee shall be void ab initio. The Payee may assign
      any
      or all of its rights and interests hereunder to any party. Subject to the
      foregoing, this Note shall be binding upon, and inure to the benefit of, the
      successors and assigns of the Payee and the Maker.

    

    [See
      attached Signature Page]

    
      
        
        

      

      
        
        

        
          

        

      

       

    

    Signature
      Page

    to
      Promissory Note

    dated
      as of March 31, 2006

    

    IN
      WITNESS WHEREOF, the Maker has executed this Promissory Note by its duly
      authorized officer as of the 31st day of March, 2006.

    

    

    C2
      GLOBAL
      TECHNOLOGIES INC.

    

    By:
      _____________________________

    

    Name:
      ___________________________

    

    Title:
      ____________________________Unassociated Document

     

    Foster
      Wheeler Ltd. Omnibus Incentive
      Plan

     

    Effective
      May 9, 2006

     

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Contents

     

    
      	 	 	 
	 	 	 
	
              Article
                1.

            	
              Establishment,
                Purpose, and Duration

            	
              1

            
	
              Article
                2.

            	
              Definitions

            	
              1

            
	
              Article
                3.

            	
              Administration

            	
              7

            
	
              Article
                4.

            	
              Shares
                Subject to This Plan and Maximum Awards

            	
              8

            
	
              Article
                5.

            	
              Eligibility
                and Participation

            	
              10

            
	
              Article
                6.

            	
              Stock
                Options

            	
              10

            
	
              Article
                7.

            	
              Stock
                Appreciation Rights

            	
              13

            
	
              Article
                8.

            	
              Restricted
                Stock and Restricted Stock Units

            	
              15

            
	
              Article
                9.

            	
              Performance
                Units/Performance Shares

            	
              18

            
	
              Article
                10.

            	
              Cash-Based
                Awards and Other Stock-Based Awards

            	
              20

            
	
              Article
                11.

            	
              Forfeiture
                of Awards.

            	
              22

            
	
              Article
                12.

            	
              Transferability
                of Awards

            	
              23

            
	
              Article
                13.

            	
              Performance
                Measures

            	
              23

            
	
              Article
                14.

            	
              Director
                Awards

            	
              25

            
	
              Article
                15.

            	
              Dividend
                Equivalents

            	
              25

            
	
              Article
                16.

            	
              Beneficiary
                Designation

            	
              25

            
	
              Article
                17.

            	
              Rights
                of Participants

            	
              26

            
	
              Article
                18.

            	
              Change
                in Control

            	
              26

            
	
              Article
                19.

            	
              Amendment,
                Modification, Suspension, and Termination

            	
              27

            
	
              Article
                20.

            	
              Withholding

            	
              27

            
	
              Article
                21.

            	
              Successors

            	
              28

            
	
              Article
                22.

            	
              General
                Provisions

            	
              28

            

    

    

    

    

    

    
      
         

      

      
        i

        
          

        

      

      
         

      

    

    Foster
      Wheeler Ltd.

     

    Omnibus
      Incentive Plan

     

    Article
      1. Establishment,
      Purpose, and Duration

    1.1 Establishment.
      Foster
      Wheeler Ltd., a Bermuda company (hereinafter referred to as the “Company”),
      establishes an incentive compensation plan known as the Foster Wheeler Ltd.
      Omnibus Incentive Plan (hereinafter referred to as the “Plan”), as set forth in
      this document. The Plan supercedes and replaces the Foster Wheeler Ltd. 1995
      Stock Option Plan, the Directors Stock Option Plan, the 2004 Stock Option Plan,
      and the Management Restricted Stock Plan (the “Prior Plans”), except that the
      Prior Plans shall remain in effect until the awards granted under such plans
      have been exercised, forfeited, are otherwise terminated, or any and all
      restrictions lapse, as the case may be, in accordance with the terms of such
      awards.

     

    This
      Plan
      permits the grant of Nonqualified Stock Options, Incentive Stock Options, Stock
      Appreciation Rights, Restricted Stock, Restricted Stock Units, Performance
      Shares, Performance Units, Cash-Based Awards, and
      Other
      Stock-Based Awards.

     

    This
      Plan
      shall become effective upon shareholder approval (the “Effective Date”) and
      shall remain in effect as provided in Section 1.3 hereof.

     

    1.2 Purpose
      of this Plan.
      The
      purpose of this Plan is to provide a means whereby designated Employees,
      Directors, and Third-Party Service Providers develop a sense of proprietorship
      and personal involvement in the development and financial success of the
      Company, and to encourage them to devote their best efforts to the business
      of
      the Company, thereby advancing the interests of the Company and its
      shareholders. A further purpose of this Plan is to provide a means through
      which
      the Company may attract able individuals to become Employees or serve as
      Directors or Third-Party Service Providers and to provide a means whereby those
      individuals upon whom the responsibilities of the successful administration
      and
      management of the Company are of importance, can acquire and maintain ownership
      of Shares, thereby strengthening their concern for the welfare of the
      Company.

     

    1.3 Duration
      of this Plan.
      Unless
      sooner terminated as provided herein, this Plan shall terminate ten (10) years
      from the Effective Date, e.g. on the day before the tenth (10th)
      anniversary of the Effective Date. After this Plan is terminated, no Awards
      may
      be granted but Awards previously granted shall remain outstanding in accordance
      with their applicable terms and conditions and this Plan’s terms and conditions.
      Notwithstanding the foregoing, no Incentive Stock Options may be granted more
      than ten (10) years after the earlier of: (a) adoption of this Plan by the
      Board, or (b) the Effective Date.

     

    Article
      2. Definitions

    Whenever
      used in this Plan, the following terms shall have the meanings set forth below,
      and when the meaning is intended, the initial letter of the word shall be
      capitalized:

     

    
      	 	
              (a)

            	
              “Affiliate”
                shall mean any corporation or other entity (including, but not limited
                to,
                a partnership or a limited liability company) that is affiliated
                with the
                Company through stock or equity ownership or otherwise, and is designated
                as an Affiliate for purposes of this Plan by the
                Committee.

            

    

     

    
      	 	
              (b)

            	
              “Annual
                Award Limit”
                or
                “Annual
                Award Limits”
                have the meaning set forth in
                Section 4.3.

            

    

     

    
      	 	
              (c)

            	
              “Applicable
                Laws”
                means the legal requirements relating to the administration of equity
                plans or the issuance of share capital by a company, including under
                the
                laws of Bermuda, applicable U.S. state corporate laws, U.S. federal
                and
                applicable state securities laws, other U.S. federal and state laws,
                the
                Code, any stock exchange rules and regulations that may from time
                to time
                be applicable to the Company, and the applicable laws, rules and
                regulations of any other country or jurisdiction where Awards are
                granted
                under the Plan, as such laws, rules, regulations, interpretations
                and
                requirements may be in place from time to
                time.

            

    

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	 	
              (d)

            	
              “Award”
                means, individually or collectively, a grant under this Plan of
                Nonqualified Stock Options, Incentive Stock Options, Stock Appreciation
                Rights, Restricted Stock, Restricted Stock Units, Performance Shares,
                Performance Units, Cash-Based Awards, or Other Stock-Based Awards,
                in each
                case subject to the terms of this
                Plan.

            

    

     

    
      	 	
              (e)

            	
              “Award
                Agreement”
                means either: (i) a written agreement entered into by the Company
                and a
                Participant setting forth the terms and provisions applicable to
                an Award
                granted under this Plan, or (ii) a written or electronic statement
                issued
                by the Company to a Participant describing the terms and provisions
                of
                such Award, including in each case any amendment or modification
                thereof.
                The Committee may provide for the use of electronic, Internet, or
                other
                non-paper Award Agreements, and the use of electronic, Internet,
                or other
                non-paper means for the acceptance thereof and actions thereunder
                by a
                Participant.

            

    

     

    
      	 	
              (f)

            	
              “Beneficial
                Owner”
                or
                “Beneficial
                Ownership”
                shall have the meaning ascribed to such term in Rule 13d-3 of the
                General
                Rules and Regulations under the Exchange
                Act.

            

    

     

    
      	 	
              (g)

            	
              “Board”
                or
                “Board
                of Directors”
                means the Board of Directors of the
                Company.

            

    

     

    
      	 	
              (h)

            	
              “Cash-Based
                Award”
                means an Award, denominated in cash, granted to a Participant as
                described
                in Article 10.

            

    

     

    
      	 	
              (i)

            	
              “Cause”
                means,
                unless otherwise specified in an applicable employment agreement
                between
                the Company and a Participant (for the avoidance of doubt, employment
                agreements entered into with Affiliates or Subsidiaries of the Company
                shall not be deemed to be employment agreements with the Company),
                with
                respect to any Participant:

            

    

     

    
      	 	
              (i)

            	
              Conviction
                of a felony;

            

    

     

    
      	 	
              (ii)

            	
              Actual
                or attempted theft or embezzlement of Company, any Subsidiary, or
                any
                Affiliate assets;

            

    

     

    
      	 	
              (iii)

            	
              Use
                of illegal drugs;

            

    

     

    
      	 	
              (iv)

            	
              Material
                breach of an employment agreement between the Company, Affiliate
                or
                Subsidiary, as the case may be, and the Participant that the Participant
                has not cured within thirty (30) days after the Company, Affiliate
                or
                Subsidiary, as applicable, has provided the Participant notice of
                the
                material breach which shall be given within sixty (60) days of the
                Company’s, Affiliate’s or Subsidiary’s, as applicable, knowledge of the
                occurrence of the material breach;

            

    

     

    
      	 	
              (v)

            	
              Commission
                of an act of moral turpitude that in the judgment of the Committee
                can
                reasonably be expected to have an adverse effect on the business,
                reputation, or financial situation of the Company, any Subsidiary,
                or any
                Affiliate and/or the ability of the Participant to perform his or her
                duties;

            

    

     

    
      	 	
              (vi)

            	
              Gross
                negligence or willful misconduct in performance of the Participant’s
                duties;

            

    

     

    
      	 	
              (vii)

            	
              Breach
                of fiduciary duty to the Company, any Subsidiary, or any Affiliate;
                or

            

    

     

    
      	 	
              (viii)

            	
              Willful
                refusal to perform the duties of the Participant’s titled
                position.

            

    

     

    
      	 	
              (j)

            	
              “Change
                in Control”
                means, unless otherwise specified in an applicable employment agreement
                between the Company and a Participant (for the avoidance of doubt,
                employment agreements entered into with Affiliates or Subsidiaries
                of the
                Company shall not be deemed to be employment agreements with the
                Company),

            

    

     

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    
      	 	
              (i)

            	
              The
                acquisition by any individual, entity, or group (within the meaning
                of
                Section 13(d)(3) or 14(d)(2) of the Exchange Act) (a “Person”) of
                Beneficial Ownership of voting securities of the Company where such
                acquisition causes such Person to own twenty percent (20%) or more
                of the
                combined voting power of the then outstanding voting securities of
                the
                Company entitled to vote generally in the election of Directors (the
                “Outstanding Company Voting Securities”), provided, however, that for
                purposes of this paragraph (i),
                the following acquisitions shall not be deemed to result in a Change
                in
                Control: (A) any acquisition directly from the Company or any corporation
                or other legal entity controlled, directly or indirectly, by the
                Company,
                (B) any acquisition by the Company or any corporation or other legal
                entity controlled, directly or indirectly, by the Company, (C) any
                acquisition by any employee benefit plan (or related trust) sponsored
                or
                maintained by the Company or any corporation or other legal entity
                controlled, directly or indirectly, by the Company, or (D) any acquisition
                by any corporation pursuant to a transaction that complies with clauses
                (A), (B), and (C) of paragraph (iii)
                below; and provided, further, that if any Person’s Beneficial Ownership of
                the Outstanding Company Voting Securities reaches or exceeds twenty
                percent (20%) as a result of a transaction described in clause (A)
                or (B)
                above, and such Person subsequently acquires Beneficial Ownership
                of
                additional voting securities of the Company, such subsequent acquisition
                shall be treated as an acquisition that causes such Person to own
                twenty
                percent (20%) or more of the Outstanding Company Voting
                Securities;

            

    

     

    
      	 	
              (ii)

            	
              Individuals
                who, as of the date hereof, constitute the Board (such individuals,
                the
                “Incumbent Board”) cease for any reason to constitute at least a majority
                of the Board; provided, however, that any individual becoming a director
                subsequent to the date hereof 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 shall
                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 an actual or threatened
                election contest with respect to the election or removal of directors
                or
                other actual or threatened solicitation of proxies or consents by
                or on
                behalf of a Person other than the
                Board;

            

    

     

    
      	 	
              (iii)

            	
              The
                consummation of a reorganization, merger, amalgamation or consolidation
                or
                sale or other disposition of all or substantially all of the assets
                of the
                Company (“Business Combination”) or, if consummation of such Business
                Combination is subject to the consent of any government or governmental
                agency, the obtaining of such consent (either explicitly or implicitly
                by
                consummation); excluding, however, such a Business Combination pursuant
                to
                which (A) all or substantially all of the individuals and entities
                who
                were the Beneficial Owners of the Outstanding Company Voting Securities
                immediately prior to such Business Combination beneficially own,
                directly
                or indirectly, more than sixty percent (60%) of, respectively, the
                then
                outstanding shares of common stock and the combined voting power
                of the
                then outstanding voting securities entitled to vote generally in
                the
                election of directors, as the case may be, of the corporation resulting
                from such Business Combination (including, without limitation, a
                corporation that as a result of such transaction owns the Company
                or all
                or substantially all of the Company’s assets either directly or through
                one or more subsidiaries) in substantially the same proportions as
                their
                ownership, immediately prior to such Business Combination of the
                Outstanding Company Voting Securities, (B) no Person (excluding any
                (x)
                corporation owned, directly or indirectly, by the Beneficial Owner
                of the
                Outstanding Company Voting Securities as described in clause (A)
                immediately preceding, or (y) employee benefit plan (or related trust)
                of
                the Company or such corporation resulting from such Business Combination,
                or any of their respective subsidiaries) Beneficially Owns, directly
                or
                indirectly, twenty percent (20%) or more of, respectively, the then
                outstanding shares of common stock of the corporation resulting from
                such
                Business Combination or the combined voting power of the then outstanding
                voting securities of such corporation except to the extent that such
                ownership existed prior to the Business Combination, and (C) at least
                a
                majority of the members of the board of directors of the corporation
                resulting from such Business Combination were members of the Incumbent
                Board at the time of the execution of the initial agreement, or of
                the
                action of the Board, providing for such Business Combination;
                or

            

    

     

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     

    
      	 	
              (iv)

            	
              Approval
                by the shareholders of the Company of a complete liquidation or
                dissolution of the Company.

            

    

     

    
      	 	
              (k)

            	
              “Change-in-Control
                Price”
                means the highest price per Share offered in conjunction with any
                transaction resulting in a Change in Control (as determined in good
                faith
                by the Committee if any part of the offered price is payable other
                than in
                cash) or, in the case of a Change in Control occurring solely by
                reason of
                events not related to a transfer of Shares, the highest Fair Market
                Value
                of a Share on any of the thirty (30) consecutive trading days ending
                on
                the last trading day before the Change in Control
                occurs.

            

    

     

    
      	 	
              (l)

            	
              “Code”
                means the U.S. Internal Revenue Code of 1986, as amended from time
                to
                time. For purposes of this Plan, references to sections of the Code
                shall
                be deemed to include references to any applicable regulations thereunder
                and any successor or similar provision, as well as any applicable
                interpretative guidance issued related
                thereto.

            

    

     

    
      	 	
              (m)

            	
              “Committee”
                means the Compensation Committee of the Board or a subcommittee thereof,
                or any other committee designated by the Board to administer this
                Plan.
                The members of the Committee shall be appointed from time to time
                by and
                shall serve at the discretion of the Board. If the Committee does
                not
                exist or cannot function for any reason, the Board may take any action
                under the Plan that would otherwise be the responsibility of the
                Committee.

            

    

     

    
      	 	
              (n)

            	
              “Company”
                means Foster Wheeler Ltd., a Bermuda company, and any successor thereto
                as
                provided in Article 21 herein.

            

    

     

    
      	 	
              (o)

            	
              “Covered
                Employee”
                means any key Employee who is or may become a “Covered Employee,” as
                defined in Code Section 162(m), and who is designated, either as an
                individual Employee or class of Employees, by the Committee within
                the
                shorter of: (i) ninety (90) days after the beginning of the
                Performance Period, or (ii) twenty-five percent (25%) of the Performance
                Period has elapsed, as a “Covered Employee” under this Plan for such
                applicable Performance Period.

            

    

     

    
      	 	
              (p)

            	
              “Director”
                means any individual who is a member of the Board of Directors of
                the
                Company and who is not an Employee.

            

    

     

    
      	 	
              (q)

            	
              “Disability”
                means, unless otherwise specified in an applicable employment agreement
                between the Company and a Participant (excluding any agreements entered
                into with Affiliates or Subsidiaries of the Company), (i) in the
                case of
                an Employee, the Employee qualifying for long-term disability benefits
                under any long-term disability program sponsored by the Company,
                Affiliate
                or Subsidiary in which the Employee participates, and (ii) in the
                case of
                a Director or Third-Party Service Provider, the inability of the
                Director
                or Third-Party Service Provider to engage in any substantial gainful
                activity by reason of any medically determinable physical or mental
                impairment that can be expected to result in death, or which has
                lasted or
                can be expected to last for a continuous period of not less than
                12
                months, as determined by the Committee, based upon medical evidence
                and in
                accordance with Code
                Section 22(e)(3).

            

    

     

    
      	 	
              (r)

            	
              “Effective
                Date”
                has the meaning set forth in
                Section 1.1.

            

    

     

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    
      	 	
              (s)

            	
              “Employee”
                means any individual who performs services for and is designated
                as an
                employee of the Company, its Affiliates, and/or its Subsidiaries
                on the
                payroll records thereof. An Employee shall not include any individual
                during any period he or she is classified or treated by the Company,
                Affiliate, and/or Subsidiary as an independent contractor, a consultant,
                or any employee of an employment, consulting, or temporary agency
                or any
                other entity other than the Company, Affiliate, and/or Subsidiary,
                without
                regard to whether such individual is subsequently determined to have
                been,
                or is subsequently retroactively reclassified as a common-law employee
                of
                the Company, Affiliate, and/or Subsidiary during such
                period.

            

    

     

    
      	 	
              (t)

            	
              “Exchange
                Act”
                means the Securities Exchange Act of 1934, as amended from time to
                time,
                or any successor act thereto.

            

    

     

    
      	 	
              (u)

            	
              “Fair
                Market Value”
                or
                “FMV”
                means the closing price of a Share on the most recent date on which
                Shares
                were publicly traded. In the event Shares are not publicly traded
                at the
                time a determination of their value is required to be made hereunder,
                the
                determination of their Fair Market Value shall be made by the Committee
                in
                such manner as it deems
                appropriate.

            

    

     

    
      	 	
              (v)

            	
              “Full-Value
                Award”
                means an Award other than in the form of an ISO, NQSO, or SAR, and
                which
                is settled by the issuance of fully paid
                Shares.

            

    

     

    
      	 	
              (w)

            	
              “Grant
                Date”
                means the date on which the Committee approves the grant of an Award
                by
                Committee action or such later date as specified in advance by the
                Committee.

            

    

     

    
      	 	
              (x)

            	
              “Grant
                Price”
                means the price established when the Committee approves the grant
                of an
                SAR pursuant to Article 7, used to determine whether there is any
                payment
                due upon exercise of the SAR.

            

    

     

    
      	 	
              (y)

            	
              “Incentive
                Stock Option”
                or
                “ISO”
                means an Option to purchase Shares granted under Article 6 to an
                Employee
                and that is designated as an Incentive Stock Option and that is
                intended to meet the requirements of Code Section 422, or any
                successor provision.

            

    

     

    
      	 	
              (z)

            	
              “Insider”
                means an individual who is, on the relevant date, an officer or Director
                of the Company, or a more than ten percent (10%) Beneficial Owner of
                any class of the Company’s equity securities that is registered pursuant
                to Section 12 of the Exchange Act, as determined by the Board or
                Committee in accordance with Section 16 of the Exchange
                Act.

            

    

     

    
      	 	
              (aa)

            	
              “Involuntary
                Termination”
                means the Company’s, Affiliate’s and/or Subsidiary’s termination of a
                Participant’s employment or service other than for
                Cause.

            

    

     

    
      	 	
              (bb)

            	
              “Nonqualified
                Stock Option”
                or
                “NQSO”
                means an Option that is not intended to meet the requirements of Code
                Section 422, or that otherwise does not meet such
                requirements.

            

    

     

    
      	 	
              (cc)

            	
              “Non-Tandem
                SAR”
                means an SAR that is granted independently of any Option, as described
                in
                Article 7.

            

    

     

    
      	 	
              (dd)

            	
              “Option”
                means an Incentive Stock Option or a Nonqualified Stock Option, as
                described in Article 6.

            

    

     

    
      	 	
              (ee)

            	
              “Option
                Price”
                means the price at which a Share may be purchased by a Participant
                pursuant to an Option.

            

    

     

    
      	 	
              (ff)

            	
              “Other
                Stock-Based Award”
                means an equity-based or equity-related Award not otherwise described
                by
                the terms of this Plan, granted pursuant to Article
                10.

            

    

     

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

     

    
      	 	
              (gg)

            	
              “Participant”
                means any eligible individual as set forth in Article 5 to whom an
                Award
                is granted.

            

    

     

    
      	 	
              (hh)

            	
              “Performance-Based
                Compensation”
                means compensation under an Award that is intended to satisfy the
                requirements of Code Section 162(m) for certain performance-based
                compensation paid to Covered Employees. Notwithstanding the foregoing,
                nothing in this Plan shall be construed to mean that an Award which
                does not satisfy the requirements for performance-based compensation
                under
                Code Section 162(m) does not constitute performance-based
                compensation for other purposes, including Code
                Section 409A.

            

    

     

    
      	 	
              (ii)

            	
              “Performance-Based
                Exception”
                means the exception for Performance-Based Compensation from the tax
                deductibility limitations of Code
                Section 162(m).

            

    

     

    
      	 	
              (jj)

            	
              “Performance
                Measures”
                means measures as described in Article 13 on which the performance
                goals
                are based and which are approved by the Company’s shareholders pursuant to
                this Plan in order to qualify Awards as Performance-Based
                Compensation.

            

    

     

    
      	 	
              (kk)

            	
              “Performance
                Period”
                means the period of time during which the performance goals must
                be met in
                order to determine the degree of payout and/or vesting with respect
                to an
                Award.

            

    

     

    
      	 	
              (ll)

            	
              “Performance
                Share”
                means an Award under Article 9 herein and subject to the terms of
                this
                Plan, denominated in fully paid Shares, the value of which at the
                time it
                is payable is determined as a function of the extent to which
                corresponding performance criteria or Performance Measure(s), as
                applicable, have been achieved.

            

    

     

    
      	 	
              (mm)

            	
              “Performance
                Unit”
                means an Award under Article 9 herein and subject to the terms of
                this
                Plan, denominated in units, the value of which at the time it is
                payable
                is determined as a function of the extent to which corresponding
                performance criteria or Performance Measure(s), as applicable, have
                been
                achieved.

            

    

     

    
      	 	
              (nn)

            	
              “Period
                of Restriction”
                means the period when Restricted Stock or Restricted Stock Units
                are
                subject to a substantial risk of forfeiture (based on the passage
                of time,
                the achievement of performance goals, or the occurrence of other
                events as
                determined by the Committee, in its discretion) by the exercise of
                the
                Company’s right to repurchase such Restricted Stock or Restricted Stock
                Units, as provided in Article 8.

            

    

     

    
      	 	
              (oo)

            	
              “Person”
                shall have the meaning ascribed to such term in Section 3(a)(9) of
                the Exchange Act and used in Sections 13(d) and 14(d) thereof,
                including a “group” as defined in Section 13(d)
                thereof.

            

    

     

    
      	 	
              (pp)

            	
              “Plan”
                means the Foster Wheeler Ltd. Omnibus Incentive
                Plan.

            

    

     

    
      	 	
              (qq)

            	
              “Plan
                Year”
                means the Company’s fiscal year.

            

    

     

    
      	 	
              (rr)

            	
              “Prior
                Plans”
                mean, collectively: (i) the Foster Wheeler Ltd. 1995 Stock Option
                Plan; (ii) the Directors Stock Option Plan; (iii) the 2004 Stock
                Option Plan; and (iv) the Management Restricted Stock
                Plan.

            

    

     

    
      	 	
              (ss)

            	
              “Restricted
                Stock”
                means an Award granted to a Participant pursuant to Article
                8.

            

    

     

    
      	 	
              (tt)

            	
              “Resignation
                for Good Reason” means,
                unless otherwise specified in an applicable employment agreement
                between
                the Company and a Participant (for the avoidance of doubt, employment
                agreements entered into with Affiliates or Subsidiaries of the Company
                shall not be deemed to be employment agreements with the Company),
                any of
                the following occurs without the Participant’s
                consent:

            

    

     

     

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

     

    
      	 	
              (i)

            	
              material
                diminution in title, duties, responsibilities or
                authority;

            

    

     

    
      	 	
              (ii)

            	
              reduction
                of base salary and benefits except for across-the-board changes for
                Employees at the Participant’s
                level;

            

    

     

    
      	 	
              (iii)

            	
              exclusion
                from executive benefit/compensation
                plans;

            

    

     

    
      	 	
              (iv)

            	
              relocation
                of the Participant’s principal business location by the Participant’s
                employer (the Company, Affiliate, or Subsidiary, as the case may
                be) of
                greater than fifty (50) miles;

            

    

     

    
      	 	
              (v)

            	
              material
                breach of the Participant’s employment agreement with the Company,
                Affiliate or Subsidiary, as the case may be, that the Company, Affiliate
                or Subsidiary, as applicable, has not cured within thirty (30) days
                after
                the Participant has provided the Company, Affiliate or Subsidiary,
                as
                applicable, notice of the material breach which shall be given within
                sixty (60) days of the Participant’s knowledge of the occurrence of the
                material breach; or

            

    

     

    
      	 	
              (vi)

            	
              resignation
                in compliance with applicable law or rules of professional
                conduct.

            

    

     

    
      	 	
              (uu)

            	
              “Restricted
                Stock Unit”
                means an Award granted to a Participant pursuant to Article 8, except
                no
                Shares are actually awarded to the Participant on the Grant
                Date.

            

    

     

    
      	 	
              (vv)

            	
              “Retirement”
                means
                termination of employment by the Participant after the Participant
                has
                attained age 65.

            

    

     

    
      	 	
              (ww)

            	
              “Share”
                means a common share of the Company, US $.01 par value per
                share.

            

    

     

    
      	 	
              (xx)

            	
              “Stock
                Appreciation Right”
                or
                “SAR”
                means an Award, designated as an SAR, pursuant to the terms of Article
                7
                herein.

            

    

     

    
      	 	
              (yy)

            	
              “Subsidiary”
                means any corporation or other entity, whether domestic or foreign,
                in
                which the Company has or obtains, directly or indirectly, a proprietary
                interest of more than fifty percent (50%) by reason of stock ownership
                or
                otherwise.

            

    

     

    
      	 	
              (zz)

            	
              “Tandem
                SAR”
                means an SAR that is granted in connection with a related Option
                pursuant
                to Article 7, the exercise of which shall require forfeiture of the
                right
                to purchase a Share under the related Option (and when a Share is
                purchased under the Option, the Tandem SAR shall similarly be
                forfeited).

            

    

     

    
      	 	
              (aaa)

            	
              “Third-Party
                Service Provider”
                means any consultant, agent, advisor, or independent contractor who
                renders services to the Company, any Subsidiary, or an Affiliate
                that: (i)
                are not in connection with the offer or sale of the Company’s securities
                in a capital raising transaction; and (ii) do not directly or indirectly
                promote or maintain a market for the Company’s
                securities.

            

    

     

    Article
      3. Administration

     

     

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

     

    3.1 General.
      The
      Committee shall be responsible for administering this Plan, subject to this
      0
      and the
      other provisions of this Plan. The Committee shall consist of not less than
      two
      (2) Directors who are both non-employee directors, within the meaning of Rule
      16b-3 of the Exchange Act, and “outside directors,” as defined in Treasury
      Regulation Section 1.162-27; provided, however, that if at any time any
      member of the Committee is not an outside director, as so defined, the Committee
      may establish a subcommittee, consisting of all members who are outside
      directors, for all purposes of any Award to a Covered Employee, unless the
      Committee determines that such an Award is not intended to qualify for the
      Performance-Based Exception. The Committee may employ attorneys, consultants,
      accountants, agents, and other individuals, any of whom may be an Employee,
      and
      the Committee, the Company, and its officers and Directors shall be entitled
      to
      rely upon the advice, opinions, or valuations of any such individuals. All
      actions taken and all interpretations and determinations made by the Committee
      shall be final and binding upon the Participants, the Company, and all other
      interested individuals.

     

    3.2 Authority
      of the Committee.
      The
      Committee shall have full and exclusive discretionary power to interpret the
      terms and the intent of this Plan and any Award Agreement or other agreement
      or
      document ancillary to or in connection with this Plan, to determine eligibility
      for Awards and to adopt such rules, regulations, forms, instruments, and
      guidelines for administering this Plan as the Committee may deem necessary
      or
      proper. Such authority shall include, but not be limited to, selecting Award
      recipients, establishing all Award terms and conditions (including the terms
      and
      conditions set forth in Award Agreements), granting Awards as an alternative
      to
      or as the form of payment for grants or rights earned or due under compensation
      plans or arrangements of the Company, construing any provision of the Plan
      or
      any Award Agreement, and, subject to Article 19, adopting modifications and
      amendments to this Plan or any Award Agreement, including without limitation,
      accelerating the vesting of any Award or extending the post-termination exercise
      period of an Award (subject to the limitations of Code Section 409A), and
      any other modifications or amendments that are necessary to comply with the
      laws
      of the countries and other jurisdictions in which the Company, its Affiliates,
      and/or its Subsidiaries operate.

     

    Notwithstanding
      the foregoing, members of the Board or the Committee who are either eligible
      for
      Awards or have been granted Awards may vote on any and all matters, including
      matters affecting the administration of the Plan or the grant of Awards pursuant
      to the Plan. However, no such member shall act upon the granting of a specific
      Award to himself or herself, but any such member may be counted in determining
      the existence of a quorum at any meeting of the Board or the Committee during
      which action is taken with respect to the granting of an Award to him or
      her.

     

    3.3 Delegation.
      The
      Committee may delegate to one or more of its members or to one or more officers
      of the Company, and/or its Subsidiaries and Affiliates or to one or more agents
      or advisors such administrative duties or powers as it may deem advisable,
      and
      the Committee or any individuals to whom it has delegated duties or powers
      as
      aforesaid may employ one or more individuals to render advice with respect
      to
      any responsibility the Committee or such individuals may have under this Plan.
      The Committee may, by resolution, authorize one or more officers of the Company
      to do one or both of the following on the same basis as can the Committee:
      (a)
      designate Employees to be recipients of Awards; (b) determine the size of any
      such Awards; provided, however, (i) the Committee shall not delegate such
      responsibilities to any such officer for Awards granted to an Employee who
      is
      considered an Insider; (ii) the resolution providing such authorization sets
      forth the total number of Awards such officer(s) may grant; and (iii) the
      officer(s) shall report periodically to the Committee regarding the nature
      and
      scope of the Awards granted pursuant to the authority delegated.

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

     

    Article
      4. Shares
      Subject to This Plan and Maximum Awards

    4.1
       Number
      of Shares Available for Awards.

     

    
      	 	
              (a)

            	
              Subject
                to adjustment as provided in Section 4.4 herein, the maximum number
                of Shares available for grant to Participants under this Plan (the
“Share
                Authorization”) shall be:

            

    

     

    
      	 	
              (i)

            	
              Four
                million eighty-thousand (4,080,000) Shares;
                plus

            

    

     

    
      	 	
              (ii)

            	
              (A)
                the number of Shares (not to exceed 700,000) which remained available
                for
                grant under the Company’s Prior Plans as of the Effective Date; and (B)
                the number of Shares (not to exceed 5,000,000) subject to outstanding
                awards as of the Effective Date under the Prior Plans that on or
                after the
                Effective Date cease for any reason to be subject to such awards
                (other
                than by reason of exercise or settlement of the awards to the extent
                they
                are exercised for or settled in vested and nonforfeitable
                Shares).

            

    

     

     

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

     

     

    
      	 	
              (b)

            	
              All
                Shares of the Share Authorization may be granted as Full-Value
                Awards.

            

    

     

    
      	 	
              (c)

            	
              The
                maximum number of Shares of the Share Authorization that may be issued
                pursuant to ISOs under this Plan shall be four million seven hundred
                eighty thousand (4,780,000) Shares.

            

    

     

    
      	 	
              (d)

            	
              The
                maximum number of Shares of the Share Authorization that may be granted
                to
                Directors shall be 500,000 Shares.

            

    

     

    4.2 Share
      Usage.
      Shares
      covered by an Award shall only be counted as used to the extent they are
      actually issued. Any Shares related to Awards which terminate by expiration,
      forfeiture, cancellation, or otherwise without the issuance of such Shares,
      are
      settled in cash in lieu of Shares, or are exchanged with the Committee’s
      permission, prior to the issuance of Shares, for Awards not involving Shares,
      shall be available again for grant under this Plan. Moreover, if the Option
      Price of any Option granted under this Plan is satisfied by tendering Shares
      to
      the Company (by either actual delivery or by attestation and subject to
      Section 6.6), or if an SAR is exercised, only the number of Shares issued,
      net of the Shares tendered, if any, will be delivered for purposes of
      determining the maximum number of Shares available for delivery under this
      Plan.
      The Shares available for issuance under this Plan may be authorized and unissued
      Shares or Shares available on the open market.

     

    4.3 Annual
      Award Limits.
      Unless
      and until the Committee determines that an Award to a Covered Employee shall
      not
      be designed to qualify as Performance-Based Compensation, the following limits
      (each an “Annual Award Limit” and, collectively, “Annual Award Limits”) shall
      apply to grants of such Awards under this Plan:

     

    
      	 	
              (a)

            	
              Options.
                The maximum aggregate number of Shares subject to Options granted
                in any
                one Plan Year to any one Participant shall be 500,000, as adjusted
                pursuant to Sections 4.4 and/or
                19.2.

            

    

     

    
      	 	
              (b)

            	
              SARs.
                The maximum number of Shares subject to Stock Appreciation Rights
                granted
                in any one Plan Year to any one Participant shall be 500,000, as
                adjusted
                pursuant to Sections 4.4 and/or
                19.2.

            

    

     

    
      	 	
              (c)

            	
              Restricted
                Stock Units or Restricted Stock.
                The maximum aggregate grant with respect to Awards of Restricted
                Stock
                Units or Restricted Stock that a Participant may receive in any one
                Plan
                Year shall be 300,000 Shares, as adjusted pursuant to Sections 4.4
                and/or 19.2, or equal to the value of 300,000 Shares, as adjusted
                pursuant
                to Sections 4.4 and/or 19.2.

            

    

     

    
      	 	
              (d)

            	
              Performance
                Units or Performance Shares.
                The maximum aggregate Award of Performance Units or Performance Shares
                that a Participant may receive in any one Plan Year shall be 300,000
                Shares, as adjusted pursuant to Sections 4.4 and/or 19.2, or equal to
                the value of 300,000 Shares, as adjusted pursuant to Sections 4.4
                and/or 19.2, determined as of the date of vesting or payout, as
                applicable.

            

    

     

    
      	 	
              (e)

            	
              Cash-Based
                Awards.
                The maximum aggregate amount awarded or credited with respect to
                Cash-Based Awards to any one Participant in any one Plan Year may
                not
                exceed the greater of the value of $5,000,000 or 300,000 Shares,
                as
                adjusted pursuant to Sections 4.4 and/or 19.2, determined as of the
                date of vesting or payout, as
                applicable.

            

    

     

    
      	 	
              (f)

            	
              Other
                Stock-Based Awards.
                The maximum aggregate grant with respect to Other Stock-Based Awards
                pursuant to Section 10.2 in any one Plan Year to any one Participant
                shall be 300,000 Shares, as adjusted pursuant to Sections 4.4 and/or
                19.2.

            

    

     

    4.4 Adjustments
      in Authorized Shares.
      In the
      event of any corporate event or transaction (including, but not limited to,
      a
      change in the authorized number of Shares of the Company or the capitalization
      of the Company) such as an amalgamation, a merger, consolidation,
      reorganization, recapitalization, separation, partial or complete liquidation,
      stock dividend, stock split, reverse stock split, split up, spin-off, division,
      consolidation or other distribution of stock or property of the Company,
      combination of Shares, exchange of Shares, dividend in kind, or other like
      change in capital structure, number of issued Shares or distribution (other
      than
      normal cash dividends) to shareholders of the Company, or any similar corporate
      event or transaction, the Committee, in its sole discretion, in order to prevent
      dilution or enlargement of Participants’ rights under this Plan, shall
      substitute or adjust, as applicable, the number and kind of Shares that may
      be
      issued under this Plan or under particular forms of Awards, the number and
      kind
      of Shares subject to outstanding Awards, the Option Price or Grant Price
      applicable to outstanding Awards, the Annual Award Limits, and other value
      determinations applicable to outstanding Awards.

     

     

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

     

    The
      Committee, in its sole discretion, may also make appropriate adjustments in
      the
      terms of any Awards under this Plan to reflect, or related to, such changes
      or
      distributions and to modify any other terms of outstanding Awards, including
      modifications of performance goals and changes in the length of Performance
      Periods. The determination of the Committee as to the foregoing adjustments,
      if
      any, shall be conclusive and binding on Participants under this
      Plan.

     

    Subject
      to the provisions of Article 19 and notwithstanding anything else herein to
      the
      contrary, without affecting the number of Shares reserved or available
      hereunder, the Committee may authorize the issuance or assumption of benefits
      under this Plan in connection with any amalgamation, merger, consolidation,
      acquisition of property or stock, or reorganization upon such terms and
      conditions as it may deem appropriate (including, but not limited to, a
      conversion of equity awards into Awards under this Plan in a manner consistent
      with paragraph 53 of FASB Interpretation No. 44 or subsequent accounting
      guidance), subject to compliance with the rules under Code Sections 422 and
      424,
      as and where applicable. The Committee shall provide to Participants reasonable
      written notice (which may include, without limit, notice by electronic means)
      within a reasonable time of any such determinations it makes.

     

    Article
      5. Eligibility
      and Participation

    5.1 Eligibility.
      Individuals eligible to participate in this Plan include all Employees,
      Directors, and Third-Party Service Providers.

     

    5.2 Actual
      Participation.
      Subject
      to the provisions of this Plan, the Committee may, from time to time, select
      from all eligible individuals, those individuals to whom Awards shall be granted
      and shall determine, in its sole discretion, the nature of, any and all terms
      permissible by law, and the amount of each Award.

     

    5.3 Leaves
      of Absence.
      Notwithstanding any other provision of the Plan to the contrary, for purposes
      of
      determining Awards granted hereunder, a Participant shall not be deemed to
      have
      incurred a termination of employment if such Participant is placed on military
      or sick leave or such other leave of absence which is considered as continuing
      intact the employment relationship with the Company, any Subsidiary, or any
      Affiliate. In such a case, the employment relationship shall be deemed to
      continue until the date when a Participant’s right to reemployment shall no
      longer be guaranteed either by law or contract.

     

    5.4 Transfer
      of Service.
      Notwithstanding any other provision of the Plan to the contrary, for purposes
      of
      determining Awards granted hereunder, a Participant shall not be deemed to
      have
      incurred a termination of employment if the Participant’s status as an Employee,
      Director, or Third-Party Service Provider terminates and the Participant is
      then, or immediately thereafter becomes, an eligible individual due to another
      status or relationship with the Company, any Subsidiary, or any
      Affiliate.

     

    Article
      6. Stock
      Options

    6.1 Grant
      of Options.
      Subject
      to the terms and provisions of this Plan, Options may be granted to Participants
      in such number, and upon such terms, and at any time and from time to time
      as shall be determined by the Committee, in its sole discretion; provided that
      ISOs may be granted only to eligible Employees of the Company or of any parent
      or subsidiary corporation (as permitted under Code Sections 422 and
      424).

     

    6.2 Award
      Agreement.
      Each
      Option grant shall be evidenced by an Award Agreement that shall specify the
      Option Price, the maximum duration of the Option, the number of Shares to which
      the Option pertains, the conditions upon which an Option shall become vested
      and
      exercisable, and such other provisions as the Committee shall determine which
      are not inconsistent with the terms of this Plan. The Award Agreement also
      shall
      specify whether the Option is intended to be an ISO or a NQSO.

     

     

    
      
         

      

      
        11

        
          

        

      

      
         

      

    

     

    6.3 Option
      Price.
      The
      Option Price for each grant of an Option under this Plan shall be determined
      by
      the Committee in its sole discretion and shall be specified in the Award
      Agreement; provided, however, the Option Price must be at least equal to one
      hundred percent (100%) of the FMV of the Shares as determined on the Grant
      Date.
      With respect to a Participant who owns, directly or indirectly, more than ten
      percent (10%) of the total combined voting power of all classes of the stock
      of
      the Company, any Subsidiary, or any Affiliate, the Option Price of Shares
      subject to an ISO shall be at least equal to one hundred and ten percent (110%)
      of the Fair Market Value of such Shares on the ISO’s Grant Date. In any event,
      the Option Price shall not be less than the aggregate par value of the Shares
      covered by the Option.

     

    6.4 Term
      of Options.
      Each
      Option granted to a Participant shall expire at such time as the Committee
      shall
      determine when the Committee approves the grant; provided, however, no Option
      shall be exercisable later than the day before the tenth (10th)
      anniversary of the Grant Date. Notwithstanding the foregoing, with respect
      to
      ISOs, in the case of a Participant who owns, directly or indirectly, more than
      ten percent (10%) of the total combined voting power of all classes of stock
      of
      the Company, any Subsidiary, or an Affiliate, no such ISO shall be exercisable
      later than the day before the fifth (5th)
      anniversary of the Grant Date.

     

    6.5 Exercise
      of Options.
      Options
      granted under this Article 6 shall be exercisable at such times and be subject
      to such restrictions and conditions as the Committee shall in each instance
      approve, which terms and restrictions need not be the same for each grant or
      for
      each Participant. Notwithstanding the foregoing, the Fair Market Value of Shares
      to which ISOs are exercisable for the first time by any Participant during
      any
      calendar year shall not exceed one hundred thousand dollars ($100,000). Any
      ISOs
      that become exercisable in excess of such amount shall be deemed Nonqualified
      Stock Options to the extent of such excess. In addition, in order to exercise
      any ISOs granted under this 0,
      the
      Participant must be an Employee of the Company, any Subsidiary, or any Affiliate
      from the Grant Date until at least three months before the date the ISO is
      exercised.

     

    6.6 Payment.
      Options
      granted under this Article 6 shall be exercised by the delivery of a notice
      of
      exercise to the Company or an agent designated by the Company in a form
      specified or accepted by the Committee, or by complying with any alternative
      procedures which may be authorized by the Committee, setting forth the number
      of
      Shares with respect to which the Option is to be exercised, accompanied by
      full
      payment for the Shares.

     

    A
      condition of the issuance of the Shares as to which an Option shall be exercised
      shall be the payment of the Option Price. The Option Price of any Option shall
      be payable, in full, to the Company, under any of the following methods as
      determined by the Committee, in its discretion: (a) in cash or its
      equivalent; (b) by tendering (either by actual delivery or attestation) to
      the
      Company for repurchase previously acquired Shares having an aggregate Fair
      Market Value at the time of exercise equal to the Option Price together with
      an
      assignment of the proceeds of the Share repurchase to pay the Option Price
      (provided that except as otherwise determined by the Committee, the Shares
      that
      are tendered must have been held by the Participant for at least six (6) months
      (or such other period, if any, as the Committee may permit) prior to their
      tender to satisfy the Option Price if acquired under this Plan or any other
      compensation plan maintained by the Company or have been purchased on the open
      market and further provided that any such repurchase of Shares shall be subject
      to the Companies Act 1981 of Bermuda); (c) by a cashless (broker-assisted)
      exercise; (d) by a combination of (a), (b) and/or (c); or (e) any other method
      approved or accepted by the Committee in its sole discretion.

     

    Subject
      to any governing rules or regulations, as soon as practicable after receipt
      of
      written notification of exercise and full payment (including satisfaction of
      any
      applicable tax withholding), the Company shall deliver to the Participant
      evidence of book entry Shares, or upon the Participant’s request, Share
      certificates in an appropriate amount based upon the number of Shares purchased
      under the Option(s).

     

    Unless
      otherwise determined by the Committee, all payments under all of the methods
      indicated above shall be paid in United States dollars.

     

    6.7 Restrictions
      on Share Transferability.
      The
      Committee may impose such restrictions on any Shares acquired pursuant to the
      exercise of an Option granted under this Article 6 as it may deem advisable,
      including, without limitation, minimum holding period requirements, restrictions
      under applicable federal securities laws, under the requirements of any stock
      exchange or market upon which such Shares are then listed and/or traded, or
      under any blue sky or state securities laws applicable to such
      Shares.

     

    
      
         

      

      
        12

        
          

        

      

      
         

      

    

    6.8 Termination
      of Employment, Service
      as a Director or Third-Party Service Provider.
      Each
      Participant’s Award Agreement shall set forth the extent to which the
      Participant shall have the right to exercise the Option following termination
      of
      the Participant’s employment or services to the Company, its Affiliates, and/or
      its Subsidiaries, as the case may be, subject to Sections 5.3 and 5.4. Such
      provisions shall be determined in the sole discretion of the Committee, shall
      be
      included in the Award Agreement entered into with each Participant, need not
      be
      uniform among all Options issued pursuant to this Article 6, and may reflect
      distinctions based on, among other things, the reasons for termination, or
      reasons relating to breach or threatened breach of restrictive covenants to
      which the Participant is subject, if any. Subject to Article 18, in the event
      a
      Participant’s Award Agreement does not set forth such provisions, the following
      provisions shall apply:

     

    
      	 	
              (a)

            	
              Involuntary
                Termination or Resignation for Good Reason. These
                termination events apply only to Participants who are Employees or
                Third-Party Service Providers. In the event that a Participant’s
                employment, or service as a Third-Party Service Provider with the
                Company,
                Affiliate and/or any Subsidiary terminates by reason of an Involuntary
                Termination or Resignation for Good Reason by the Participant, to
                the
                extent that an Option is not then exercisable, the Option shall
                immediately become vested and exercisable with respect to all Shares
                covered by the Participant’s Option, and the Option shall remain
                exercisable until the earlier of (A) the expiration of the term of
                the
                Option, or (B) six (6) months (three (3) months for ISOs) after the
                date of such termination.

            

    

     

    
      	 	
              (b)

            	
              Death
                or Disability. These
                termination events apply to all Participants. In the event that a
                Participant’s employment, or service as a Director or Third-Party Service
                Provider with the Company, Affiliate and/or any Subsidiary terminates
                by
                reason of death or Disability, to the extent that an Option is not
                then
                exercisable, the Option shall immediately become vested and exercisable
                with respect to all Shares covered by the Participant’s Option, and the
                Option shall remain exercisable until the earlier of (A) the expiration
                of
                the term of the Option, or (B) 12 months after the date of such
                termination. In the case of the Participant’s death, the Participant’s
                beneficiary or estate may exercise the
                Option.

            

    

     

    
      	 	
              (c)

            	
              Retirement.
                This
                termination event shall apply only to Participants who are Employees.
                In
                the event that a Participant’s employment terminates by reason of
                Retirement from the Company, Affiliate and/or any Subsidiary, to
                the
                extent an Option is not then exercisable, the Option shall become
                vested
                and exercisable as to a number of Shares determined as follows:
                (i) the total number of Shares covered by the Option times (ii) a
                ratio, the numerator of which is the total number of months of employment
                from the Grant Date of the Option to the end of the month in which
                such
                termination occurs and the denominator of which is the total number
                of
                months of vesting required for a fully vested Option as set forth
                in the
                Award Agreement. The vested portion of the Option, as determined
                under
                this subsection (c), shall remain exercisable until the earlier of
                (A) the
                expiration of the term of the Option, or (B) 36 months after the date
                of such termination. The unvested portion of the Option shall be
                immediately forfeited.

            

    

     

    
      	 	
              (d)

            	
              Termination
                for Cause. This
                termination event applies to all Participants. In the event that
                a
                Participant’s employment, or service as a Director or Third-Party Service
                Provider with the Company, Affiliate and/or any Subsidiary terminates
                for
                Cause, all Options granted to such Participant shall expire immediately
                and all rights to purchase Shares (vested or nonvested) under the
                Options
                shall cease upon such termination. In addition, the provisions of
                0
                shall apply.

            

    

     

    
      	 	
              (e)

            	
              Other
                Termination.
                This termination event applies to all Participants, as
                follows:

            

    

     

    
      	 	
              (i)

            	
              In
                the event that a Participant’s employment, or service as a Third-Party
                Service Provider with the Company, Affiliate and/or any Subsidiary
                terminates for any reason other than those set forth in subsections
                (a)
                through (d) above, all then vested and exercisable Options shall
                remain
                exercisable from the date of such termination until the earlier of
                (A) the
                expiration of the term of the Option, or (B) 30 days after the date
                of
                such termination. Such Options shall only be exercisable to the extent
                that they were exercisable as of such termination date and all unvested
                Options shall be immediately
                forfeited.

            

    

     

     

    
      
         

      

      
        13

        
          

        

      

      
         

      

    

     

    
      	 	
              (ii)

            	
              In
                the event that a Participant’s service as a Director with the Company,
                Affiliate and/or any Subsidiary terminates for any reason other than
                those
                set forth in subsections (b)
                through (d)
                above, to the extent the Option is not then exercisable, the Option
                shall
                become vested and exercisable as to a number of Shares determined
                as
                follows: (A) the total number of Shares covered by the Option times
                (B) a ratio, the numerator of which is the total number of months
                of
                service from the Grant Date of the Option to the end of the month
                in which
                such termination occurs and the denominator of which is the total
                number
                of months of vesting required for a fully vested Option as set forth
                in
                the Award Agreement. The vested portion of the Option, as determined
                under
                this paragraph (ii) shall remain exercisable from the date of such
                termination until the earlier of (x) the expiration of the term of
                the
                Option, or (y) 30 days after the date of such termination. The unvested
                portion of the Option shall be immediately
                forfeited.

            

    

     

    6.9 Notification
      of Disqualifying Disposition.
      If any
      Participant shall make any disposition of Shares issued pursuant to the exercise
      of an ISO under the circumstances described in Code Section 421(b)
      (relating to certain disqualifying dispositions), such Participant shall notify
      the Company of such disposition within ten (10) calendar days
      thereof.

     

    Article
      7. Stock
      Appreciation Rights

    7.1 Grant
      of SARs.
      Subject
      to the terms and conditions of this Plan, SARs may be granted to Participants
      at
      any time and from time to time as shall be determined by the Committee. The
      Committee may grant Non-Tandem SARs, Tandem SARs, or any combination of these
      forms of SARs.

     

    Subject
      to the terms and conditions of this Plan, the Committee shall have complete
      discretion in determining the number of SARs granted to each Participant and,
      consistent with the provisions of this Plan, in determining the terms and
      conditions pertaining to such SARs.

     

    The
      Grant
      Price for each grant of an SAR shall be determined by the Committee and shall
      be
      specified in the Award Agreement. Notwithstanding the foregoing, the Grant
      Price
      of a Non-Tandem SAR on the Grant Date shall be at least equal to one hundred
      percent (100%) of the FMV of the Shares as determined on the Grant Date. The
      Grant Price of a Tandem SAR on the Grant Date shall equal the Option Price
      of
      the related Option.

     

    7.2 SAR
      Agreement.
      Each SAR
      Award shall be evidenced by an Award Agreement that shall specify the Grant
      Price, the term of the SAR, and such other provisions as the Committee shall
      determine.

     

    7.3 Term
      of SAR.
      The term
      of an SAR granted under this Plan shall be determined by the Committee, in
      its
      sole discretion, and except as determined otherwise by the Committee and
      specified in the SAR Award Agreement, no SAR shall be exercisable later than
      the
      day before the tenth (10th)
      anniversary of the Grant Date. Notwithstanding the foregoing, for SARs granted
      to Participants outside the United States, the Committee has the authority
      to
      grant SARs that have a term greater than ten (10) years.

     

    7.4 Exercise
      of Tandem SARs.
      Tandem
      SARs may be exercised for all or part of the Shares subject to the related
      Option upon the surrender of the right to exercise the equivalent portion of
      the
      related Option. A Tandem SAR may be exercised only with respect to the Shares
      for which its related Option is then exercisable. Notwithstanding the foregoing,
      with respect to a Tandem SAR granted in connection with an ISO: (i) the Tandem
      SAR shall expire no later than the expiration of the underlying ISO; (ii) the
      value of the payout with respect to the Tandem SAR may be for no more than
      one
      hundred percent (100%) of the difference between the Option Price of the
      underlying ISO and the Fair Market Value of the Shares subject to the underlying
      ISO at the time the Tandem SAR is exercised; and (iii) the Tandem SAR may be
      exercised only when the Fair Market Value of the Shares covered by the ISO
      exceeds the Option Price of the ISO.

     

    
      
         

      

      
        14

        
          

        

      

      
         

      

    

    7.5 Exercise
      of Non-Tandem SARs.
      SARs may
      be exercised upon whatever terms and conditions the Committee, in its sole
      discretion, imposes.

     

    7.6 Settlement
      of SARs.
      Upon the
      exercise of an SAR, a Participant shall be entitled to receive payment from
      the
      Company in an amount determined by multiplying:

     

    
      	 	
              (a)

            	
              The
                excess of the Fair Market Value of a Share on the date of exercise
                over
                the Grant Price; by

            

    

     

    
      	 	
              (b)

            	
              The
                number of Shares with respect to which the SAR is
                exercised.

            

    

     

    At
      the
      discretion of the Committee, the payment upon SAR exercise may be in cash,
      fully
      paid Shares, or any combination thereof, or in any other manner approved by
      the
      Committee in its sole discretion. The Committee’s determination regarding the
      form of SAR payout shall be set forth in the Award Agreement pertaining to
      the
      grant of the SAR.

     

    7.7 Termination
      of Employment, Service as a Director or Third-Party Service
      Provider.
      Each
      Award Agreement shall set forth the extent to which the Participant shall have
      the right to exercise the SAR following termination of the Participant’s
      employment with or services to the Company, its Affiliates, and/or its
      Subsidiaries, as the case may be, subject to Sections 5.3 and 5.4. Such
      provisions shall be determined in the sole discretion of the Committee, shall
      be
      included in the Award Agreement entered into with Participants, need not be
      uniform among all SARs issued pursuant to this Plan, and may reflect
      distinctions based on, among other things, the reasons for termination, or
      reasons relating to breach or threatened breach of restrictive covenants to
      which the Participant is subject, if any. Subject to Article 18, in the event
      a
      Participant’s Award Agreement does not set forth such provisions, the following
      provisions shall apply:

     

    
      	 	
              (a)

            	
              Involuntary
                Termination or Resignation for Good Reason. These
                termination events apply only to Participants who are Employees or
                Third-Party Service Providers. In the event that a Participant’s
                employment, or service as a Third-Party Service Provider with the
                Company,
                Affiliate and/or any Subsidiary terminates by reason of an Involuntary
                Termination or Resignation for Good Reason by the Participant, to
                the
                extent that an SAR is not then exercisable, the SAR shall immediately
                become vested and exercisable with respect to all Shares covered
                by the
                Participant’s SAR, and the SAR shall remain exercisable until the earlier
                of (A) the expiration of the term of the SAR, or (B) six (6) months
                (three (3) months for SARs granted in tandem with ISOs) after the
                date of
                such termination.

            

    

     

    
      	 	
              (b)

            	
              Death
                or Disability. These
                termination events apply to all Participants. In the event that a
                Participant’s employment, or service as a Director or Third-Party Service
                Provider with the Company, Affiliate and/or any Subsidiary terminates
                by
                reason of death or Disability, to the extent that an SAR is not then
                exercisable, the SAR shall immediately become vested and exercisable
                with
                respect to all Shares covered by the Participant’s SAR, and the SAR shall
                remain exercisable until the earlier of (A) the expiration of the
                term of
                the SAR, or (B) 12 months after the date of such termination. In the
                case of the Participant’s death, the Participant’s beneficiary or estate
                may exercise the SAR.

            

    

     

    
      	 	
              (c)

            	
              Retirement.
                This
                termination event applies only to Participants who are Employees.
                In the
                event that a Participant’s employment terminates by reason of Retirement
                from the Company, Affiliate and/or any Subsidiary, to the extent
                an SAR is
                not then exercisable, the SAR shall become vested and exercisable
                as to a
                number of Shares determined as follows: (i) the total number of
                Shares covered by the SAR times (ii) a ratio, the numerator of which
                is
                the total number of months of employment from the Grant Date of the
                SAR to
                the end of the month in which such termination occurs and the denominator
                of which is the total number of months of vesting required for a
                fully
                vested SAR as set forth in the Award Agreement. The vested portion
                of the
                SAR, as determined under this subsection (c), shall remain exercisable
                until the earlier of (A) the expiration of the term of the SAR, or
                (B) 36 months after the date of such termination. The unvested
                portion of the SAR shall be immediately
                forfeited.

            

    

     

     

    
      
         

      

      
        15

        
          

        

      

      
         

      

    

     

    
      	 	
              (d)

            	
              Termination
                for Cause. This
                termination event applies to all Participants. In the event that
                a
                Participant’s employment, or service as a Director or Third-Party Service
                Provider with the Company, Affiliate and/or any Subsidiary terminates
                for
                Cause, all SARs granted to such Participant shall expire immediately
                and
                all rights to purchase Shares (vested or nonvested) under the SARs
                shall
                cease upon such termination. In addition, the provisions of Article
                11
                shall apply.

            

    

     

    
      	 	
              (e)

            	
              Other
                Termination.
                This termination event applies to all Participants, as
                follows:

            

    

     

    
      	 	
              (i)

            	
              In
                the event that a Participant’s employment, or service as a Third-Party
                Service Provider with the Company, Affiliate and/or any Subsidiary
                terminates for any reason other than those set forth in subsections
                (a)
                through (d) above, all then vested and exercisable SARs shall remain
                exercisable from the date of such termination until the earlier of
                (A) the
                expiration of the term of the SAR, or (B) 30 days after the date
                of such
                termination. Such SARs shall only be exercisable to the extent that
                they
                were exercisable as of such termination date and all unvested SARs
                shall
                be immediately forfeited.

            

    

     

    
      	 	
              (ii)

            	
              In
                the event that a Participant’s service as a Director with the Company,
                Affiliate and/or any Subsidiary terminates for any reason other than
                those
                set forth in subsections (b)
                through (d)
                above, to the extent the SAR is not then exercisable, the SAR shall
                become
                vested and exercisable as to a number of Shares determined as follows:
                (A) the total number of Shares covered by the SAR times (B) a ratio,
                the numerator of which is the total number of months of service from
                the
                Grant Date of the SAR to the end of the month in which such termination
                occurs and the denominator of which is the total number of months
                of
                vesting required for a fully vested SAR as set forth in the Award
                Agreement. The vested portion of the SAR, as determined under this
                paragraph (ii) shall remain exercisable from the date of such termination
                until the earlier of (x) the expiration of the term of the SAR, or
                (y) 30
                days after the date of such termination. The unvested portion of
                the SAR
                shall be immediately forfeited.

            

    

     

    7.8 Other
      Restrictions.
      The
      Committee shall impose such other conditions and/or restrictions on any Shares
      received upon exercise of an SAR granted pursuant to this Plan as it may deem
      advisable or desirable. These restrictions may include, but shall not be limited
      to, a requirement that the Participant hold the Shares received upon exercise
      of
      an SAR for a specified period of time.

     

    Article
      8. Restricted
      Stock and Restricted Stock Units

    8.1 Grant
      of Restricted Stock or Restricted Stock Units.
      Subject
      to the terms and provisions of this Plan, the Committee, at any time and from
      time to time, may grant Restricted Stock and/or Restricted Stock Units to
      Participants in such amounts as the Committee shall determine. Restricted Stock
      Units shall be similar to Restricted Stock except that no Shares are actually
      awarded 

     

    8.2 Restricted
      Stock or Restricted Stock Unit Agreement.
      Each
      Restricted Stock and/or Restricted Stock Unit grant shall be evidenced by an
      Award Agreement that shall specify the Period(s) of Restriction, the number
      of
      Shares of Restricted Stock or the number of Restricted Stock Units granted,
      and
      such other provisions as the Committee shall determine.

     

    8.3 Other
      Restrictions.
      The
      Committee shall impose such other conditions and/or restrictions on any Shares
      of Restricted Stock or Restricted Stock Units granted pursuant to this Plan as
      it may deem advisable including, without limitation, a requirement that
      Participants pay a stipulated purchase price for each Share of Restricted Stock
      (which price shall not be less than par value of such Share) or each Restricted
      Stock Unit, restrictions based upon the achievement of specific performance
      goals, time-based restrictions on vesting following the attainment of the
      performance goals, time-based restrictions, and/or restrictions under Applicable
      Laws or under the requirements of any stock exchange or market upon which such
      Shares are listed or traded, or holding requirements or sale restrictions placed
      on the Shares by the Company upon vesting of such Restricted Stock or Restricted
      Stock Units.

     

    
      
         

      

      
        16

        
          

        

      

      
         

      

    

    To
      the
      extent deemed appropriate by the Committee, the Company may retain the
      certificates representing Shares of Restricted Stock in the Company’s possession
      until such time as all conditions and/or restrictions applicable to such Shares
      have been satisfied or lapse.

     

    Except
      as
      otherwise provided in this Article 8, Shares of Restricted Stock covered by
      each
      Restricted Stock Award shall become freely transferable by the Participant
      after
      all conditions and restrictions applicable to such Shares have been satisfied
      or
      lapse (including satisfaction of any applicable tax withholding obligations),
      and Restricted Stock Units shall be paid in cash, Shares, or a combination
      of
      cash and Shares as the Committee, in its sole discretion shall
      determine.

     

    8.4 Certificate
      Legend.
      In
      addition to any legends placed on certificates pursuant to
      Section 0,
      each
      certificate representing Shares of Restricted Stock granted pursuant to this
      Plan may bear a legend such as the following or as otherwise determined by
      the
      Committee in its sole discretion:

     

    The
      sale
      or transfer of the common shares of Foster Wheeler Ltd. represented by this
      certificate, whether voluntary, involuntary, or by operation of law, is subject
      to certain restrictions on transfer as set forth in the Foster Wheeler Ltd.
      Omnibus Incentive Plan, and in the associated Award Agreement. A copy of this
      Plan and such Award Agreement will be provided by Foster Wheeler Ltd., without
      charge, within five (5) days after receipt of a written request
      therefor.

     

    8.5 Voting
      Rights.
      Unless
      otherwise determined by the Committee and set forth in a Participant’s Award
      Agreement, to the extent permitted or required by law, as determined by the
      Committee, Participants holding Shares of Restricted Stock granted hereunder
      may
      be granted the right to exercise full voting rights with respect to those Shares
      during the Period of Restriction. A Participant shall have no voting rights
      with
      respect to any Restricted Stock Units granted hereunder.

     

    8.6 Termination
      of Employment, Service as a Director or Third-Party Service
      Provider.
      Each
      Award Agreement shall set forth the extent to which the restrictions placed
      on
      Restricted Stock and/or Restricted Stock Units shall lapse following termination
      of the Participant’s employment with or services to the Company, its Affiliates,
      and/or its Subsidiaries, as the case may be, subject to Sections 5.3 and
      5.4. Such provisions shall be determined in the sole discretion of the
      Committee, shall be included in the Award Agreement entered into with each
      Participant, need not be uniform among all Shares of Restricted Stock or
      Restricted Stock Units issued pursuant to this Plan, and may reflect
      distinctions based on, among other things, the reasons for termination, or
      reasons relating to breach or threatened breach of restrictive covenants to
      which the Participant is subject, if any. Subject to Article 18, in the event
      a
      Participant’s Award Agreement does not set forth such provisions, the following
      provisions shall apply:

     

    
      	 	
              (a)

            	
              Involuntary
                Termination or Resignation for Good Reason. These
                termination events apply only to Participants who are Employees or
                Third-Party Service Providers.

            

    

     

    
      	 	
              (i)

            	
              If
                the Award is not intended to qualify for the Performance-Based Exception,
                in the event that a Participant’s employment or service, as the case may
                be, with the Company, Affiliate and/or any Subsidiary terminates
                by reason
                of an Involuntary Termination or Resignation for Good Reason by the
                Participant, to the extent any Shares of Restricted Stock or Restricted
                Stock Units, as the case may be, are not then vested, all Shares
                of
                Restricted Stock or all Restricted Stock Units, as the case may be,
                shall
                immediately become fully vested on the date of such termination and
                any
                restrictions shall lapse.

            

    

     

    
      	 	
              (ii)

            	
              If
                the Award granted to Participants who are Employees is intended to
                qualify
                for the Performance-Based Exception, the Award shall become fully
                vested
                and any restrictions shall lapse upon attainment of the applicable
                Performance Measures.

            

    

     

    
      	 	
              (b)

            	
              Death
                or Disability. 
                These termination events apply to all
                Participants.

            

    

     

     

    
      
         

      

      
        17

        
          

        

      

      
         

      

    

     

    
      	 	
              (i)

            	
              If
                the Award is not intended to qualify for the Performance-Based Exception,
                in
                the event that a Participant’s employment, or service as a Director or
                Third-Party Service Provider with the Company, Affiliate and/or any
                Subsidiary terminates by reason of death or Disability, to the extent
                any
                Shares of Restricted Stock or Restricted Stock Units, as the case
                may be,
                are not then vested, all Shares of Restricted Stock or all Restricted
                Stock Units, as the case may be, shall immediately become fully vested
                on
                the date of such termination and any restrictions shall
                lapse.

            

    

     

    
      	 	
              (ii)

            	
              If
                the Award granted to Participants who are Employees is intended to
                qualify
                for the Performance-Based Exception, the Award shall become fully
                vested
                and any restrictions shall lapse upon attainment of the applicable
                Performance Measures.

            

    

     

    
      	 	
              (c)

            	
              Retirement.
                This
                termination event applies only to Participants who are
                Employees.

            

    

     

    
      	 	
              (i)

            	
              If
                the Award is not intended to qualify for the Performance-Based Exception,
                in the event that a Participant’s employment terminates by reason of
                Retirement from the Company, Affiliate and/or any Subsidiary, to
                the
                extent any Award covering Shares of Restricted Stock or Restricted
                Stock
                Units, as the case may be, are not then vested, the Award shall become
                vested on the date of such termination (for Shares of Restricted
                Stock,
                upon attainment of age 65 regardless of whether there is a termination
                of
                employment) and any restrictions shall lapse as to a number of Shares
                or
                Units, as the case may be, determined as follows: (A) the total number
                of
                Shares of Restricted Stock or Restricted Units, as applicable, times
                (B) a
                ratio, the numerator of which is the total number of months of employment
                from the Grant Date of the Award to the end of the month in which
                the
                Participant’s termination occurs (for Shares of Restricted Stock,
                attainment of age 65 occurs) and the denominator of which is the
                total
                number of months of vesting required for a fully vested Award as
                set forth
                in the Award Agreement.

            

    

     

    
      	 	
              (ii)

            	
              If
                the Award is intended to qualify for the Performance-Based Exception,
                the
                Award shall become vested to the extent described in this subsection
                (c)
                and any restrictions on the vested portion shall lapse upon attainment
                of
                the applicable Performance
                Measures.

            

    

     

    
      	 	
              (d)

            	
              Termination
                for Cause. This
                termination event applies to all Participants. In the event that
                a
                Participant’s employment, or service as a Director or Third-Party Service
                Provider with the Company, Affiliate and/or any Subsidiary terminates
                for
                Cause all vested and unvested Shares of Restricted Stock or all vested
                and
                unvested Restricted Stock Units, as the case may be, shall be forfeited
                to
                the Company. In addition, the provisions of Article 11 shall
                apply.

            

    

     

    
      	 	
              (e)

            	
              Other
                Termination.
                This termination event applies to all Participants, as
                follows:

            

    

     

    
      	 	
              (i)

            	
              In
                the event that a Participant’s employment, or service as a Third-Party
                Service Provider with the Company, Affiliate and/or any Subsidiary
                terminates for any reason other than as described in subsections
                (a)
                through (d),
                all unvested Shares of Restricted Stock or all unvested Restricted
                Stock
                Units, as the case may be, shall be immediately forfeited to the
                Company.

            

    

     

    
      	 	
              (ii)

            	
              In
                the event that a Participant’s service as a Director with the Company,
                Affiliate and/or any Subsidiary terminates for any reason other than
                as
                described in subsections (b)
                through (d),
                to the extent any Award covering Shares of Restricted Stock or Restricted
                Stock Units, as the case may be, are not then vested, the Award shall
                become vested on the date of such termination and any restrictions
                shall
                lapse as to a number of Shares or Units, as the case may be, determined
                as
                follows: (A) the total number of Shares of Restricted Stock or Restricted
                Units, as applicable, times (B) a ratio, the numerator of which is
                the
                total number of months of service from the Grant Date of the Award
                to the
                end of the month in which the Participant’s termination occurs and the
                denominator of which is the total number of months of vesting required
                for
                a fully vested Award as set forth in the Award Agreement. The unvested
                portion of the Award shall be immediately forfeited to the
                Company.

            

    

     

     

    
      
         

      

      
        18

        
          

        

      

      
         

      

    

     

    8.7 Forfeiture
      and Right of Repurchase. In
      the
      event that any Shares are required to be forfeited under any circumstances
      set
      forth in this Article 8, Article 20 or otherwise under this Plan or an Award
      Agreement, then the Company shall have the right (but not the obligation) to
      repurchase any or all of such forfeited Shares for $0.001 per Share. The Company
      shall have 90 days from the date of any event giving rise to forfeiture within
      which to effect a repurchase of any or all of the Shares subject to such
      forfeiture conditions. The Company’s right to repurchase the Shares is
      assignable by the Company, in its sole discretion, to a Subsidiary, Affiliate
      or
      other party to whom such rights can be assigned under Applicable
      Laws.

     

    8.8 Section 83(b)
      Election.
      The
      Committee may provide in an Award Agreement that the Award of Restricted Stock
      is conditioned upon the Participant making or refraining from making an election
      with respect to the Award under Code Section 83(b). If a Participant makes
      an election pursuant to Code Section 83(b) concerning a Restricted Stock
      Award, the Participant shall be required to file promptly a copy of such
      election with the Company.

     

    Article
      9. Performance
      Units/Performance Shares

    9.1 Grant
      of Performance Units/Performance Shares.
      Subject
      to the terms and provisions of this Plan, the Committee, at any time and from
      time to time, may grant Performance Units and/or Performance Shares to
      Participants in such amounts and upon such terms as the Committee shall
      determine.

     

    9.2 Performance
      Unit/Performance Shares Agreement. Each
      Performance Unit and/or Performance Share grant shall be evidenced by an Award
      Agreement that shall specify the number of Performance Shares or the number
      of
      Performance Units granted, the applicable Performance Period, and such other
      terms and provisions as the Committee shall determine.

     

    9.3 Value
      of Performance Units/Performance Shares.
      Each
      Performance Unit shall have an initial value that is established by the
      Committee at the time of grant. Each Performance Share shall have an initial
      value equal to the Fair Market Value of a Share on the Grant Date. The Committee
      shall set performance goals in its discretion which, depending on the extent
      to
      which they are met, will determine the value and/or number of Performance
      Units/Performance Shares that will be paid out to the Participant.

     

    9.4 Earning
      of Performance Units/Performance Shares.
      Subject
      to the terms of this Plan, after the applicable Performance Period has
      ended, the holder of Performance Units/Performance Shares shall be entitled
      to
      receive payout on the value and number of Performance Units/Performance Shares
      earned by the Participant over the Performance Period, to be determined as
      a
      function of the extent to which the corresponding performance goals have
      been achieved.

     

    9.5 Form
      and Timing of Payment of Performance Units/Performance
      Shares.
      Payment
      of earned Performance Units/Performance Shares shall be as determined by the
      Committee and as evidenced in the Award Agreement. Subject
      to the terms of this Plan, the Committee, in its sole discretion, may
      pay earned Performance Units/Performance Shares in the form of cash or in
      fully paid Shares (or in a combination thereof) equal to the value of the earned
      Performance Units/Performance Shares at the close of the applicable Performance
      Period, or as soon as practicable after the end of the Performance Period.
      Any
      Shares may be granted subject to any restrictions deemed appropriate by the
      Committee. The determination of the Committee with respect to the form of payout
      of such Awards shall be set forth in the Award Agreement pertaining to the
      grant
      of the Award.

     

    9.6 Termination
      of Employment, Service as a Director or Third-Party Service
      Provider.
      Each
      Award Agreement shall set forth the extent to which the Participant shall have
      the right to receive payment for any Performance Units and/or Performance Shares
      following termination of the Participant’s employment with or services to the
      Company, its Affiliates, and/or its Subsidiaries, as the case may be, subject
      to
      Sections 5.3 and 5.4. Such provisions shall be determined in the sole
      discretion of the Committee, shall be included in the Award Agreement entered
      into with each Participant, need not be uniform among all Awards of Performance
      Units or Performance Shares issued pursuant to this Plan, and may reflect
      distinctions based on, among other things, the reasons for termination, or
      reasons relating to the breach or threatened breach of restrictive covenants
      to
      which the Participant is subject, if any. Subject to Article 18, in the event
      that a Participant’s Award Agreement does not set forth such termination
      provisions, the following termination provisions shall apply:

     

     

    
      
         

      

      
        19

        
          

        

      

      
         

      

    

     

    
      	 	
              (a)

            	
              Involuntary
                Termination or Resignation for Good Reason. These
                termination events apply only to Participants who are Employees or
                Third-Party Service Providers.

            

    

     

    
      	 	
              (i)

            	
              If
                the Award is not intended to qualify for the Performance-Based Exception,
                in the event that a Participant’s employment or service, as the case may
                be, with the Company, Affiliate and/or any Subsidiary terminates
                by reason
                of an Involuntary Termination or Resignation for Good Reason by the
                Participant, the Participant shall receive a full payout of the
                Performance Units and/or Performance
                Shares.

            

    

     

    
      	 	
              (ii)

            	
              If
                the Award granted to Participants who are Employees is intended to
                qualify
                for the Performance-Based Exception, the Participant shall receive
                a
                payout as determined under this subsection (a)
                upon attainment of the applicable Performance
                Measures.

            

    

     

    
      	 	
              (b)

            	
              Death
                or Disability. These
                termination events apply to all
                Participants.

            

    

     

    
      	 	
              (i)

            	
              If
                the Award is not intended to qualify for the Performance-Based Exception,
                in the event that a Participant’s employment or service, as the case may
                be, with the Company, Affiliate and/or any Subsidiary terminates
                by reason
                of death or Disability, the Participant shall receive a full payout
                of the
                Performance Units and/or Performance
                Shares.

            

    

     

    
      	 	
              (ii)

            	
              If
                the Award granted to Participants who are Employees is intended to
                qualify
                for the Performance-Based Exception, the Participant shall receive
                a
                payout as determined under this subsection (b)
                upon attainment of the applicable Performance
                Measures.

            

    

     

    
      	 	
              (c)

            	
              Retirement.
                This
                termination event applies only to Participants who are
                Employees.

            

    

     

    
      	 	
              (i)

            	
              If
                the Award is not intended to qualify for the Performance-Based Exception,
                in the event that a Participant’s employment with the Company, Affiliate
                and/or any Subsidiary, terminates during a Performance Period due
                to
                Retirement, the Participant shall receive a prorated payout of the
                Performance Units and/or Performance Shares, unless the Committee
                determines otherwise. The prorated payout shall be determined by
                the
                Committee, shall be based upon the length of time that the Participant
                held the Performance Units and/or Performance Shares during the
                Performance Period, and shall further be adjusted based on the achievement
                of the pre-established performance
                goals.

            

    

     

    
      	 	
              (ii)

            	
              If
                the Award is intended to qualify for the Performance-Based Exception,
                the
                Participant shall receive a payout as determined under this subsection
                (c)
                upon attainment of the applicable Performance
                Measures.

            

    

     

    
      	 	
              (d)

            	
              Termination
                for Cause. This
                termination event applies to all Participants. In the event that
                a
                Participant’s employment, or service as a Director or Third-Party Service
                Provider with the Company, Affiliate and/or any Subsidiary terminates
                for
                Cause during a Performance Period, all Performance Units and/or
                Performance Shares (vested or unvested) shall be immediately forfeited
                to
                the Company. In addition, the provisions of Article 11 shall
                apply.

            

    

     

    
      	 	
              (e)

            	
              Other
                Termination.
                This termination event applies to all Participants, as
                follows:

            

    

     

     

    
      
         

      

      
        20

        
          

        

      

      
         

      

    

     

    
      	 	
              (i)

            	
              In
                the event that a Participant’s employment, or service as a Third-Party
                Service Provider with the Company, Affiliate and/or any Subsidiary
                terminates during a Performance Period for any reason other than
                as
                described in subsections (a)
                through (d),
                all unvested Performance Units and/or Performance Shares shall be
                immediately forfeited to the
                Company.

            

    

     

    
      	 	
              (ii)

            	
              In
                the event that a Participant’s service as a Director with the Company,
                Affiliate and/or any Subsidiary terminates during a Performance Period
                for
                any reason other than as described in subsections (b)
                through (d),
                to the extent any Award covering Performance Units and/or Performance
                Shares are not then vested, the Award shall become vested on the
                date of
                such termination and any restrictions shall lapse as to a number
                of
                Performance Units or Performance Shares, as the case may be, determined
                as
                follows: (A) the total number of Performance Shares or Performance
                Units,
                as applicable, times (B) a ratio, the numerator of which is the total
                number of months of service from the Grant Date of the Award to the
                end of
                the month in which the Participant’s termination occurs and the
                denominator of which is the total number of months of vesting required
                for
                a fully vested Award as set forth in the Award Agreement. The unvested
                portion of the Award shall be immediately forfeited to the
                Company.

            

    

     

    9.7 Forfeiture
      and Right of Repurchase. In
      the
      event that any Shares are required to be forfeited under any circumstances
      set
      forth in this Article 9, Article 20 or otherwise under this Plan or an Award
      Agreement, then the Company shall have the right (but not the obligation) to
      repurchase any or all of such forfeited Shares for $0.001 per Share. The Company
      shall have 90 days from the date of any event giving rise to forfeiture within
      which to effect a repurchase of any or all of the Shares subject to such
      forfeiture conditions. The Company’s right to repurchase the Shares is
      assignable by the Company, in its sole discretion, to a Subsidiary, Affiliate
      or
      other party to whom such rights can be assigned under Applicable
      Laws.

     

    Article
      10. Cash-Based
      Awards and Other Stock-Based Awards

    10.1 Grant
      of Cash-Based Awards.
      Subject
      to the terms and provisions of the Plan, the Committee, at any time and
      from time to time, may grant Cash-Based Awards to Participants in such amounts
      and upon such terms as the Committee may determine.

     

    10.2 Other
      Stock-Based Awards.
      The
      Committee may grant other types of equity-based or equity-related Awards not
      otherwise described by the terms of this Plan (including the grant or offer
      for
      sale of unrestricted Shares) in such amounts and subject to such terms and
      conditions, as the Committee shall determine. Such Awards may involve the
      transfer of actual fully paid Shares to Participants, or payment in cash or
      otherwise of amounts based on the value of Shares and may include, without
      limitation, Awards designed to comply with or take advantage of the applicable
      local laws of jurisdictions other than the United States.

     

    10.3 Cash-Based
      Award or Stock-Based Award Agreement.
      Each
      Cash-Based Award or Stock-Based Award grant shall be evidenced by an Award
      Agreement that shall specify the amount of the Cash-Based Award or Stock-Based
      Award granted and such other terms and provisions as the Committee shall
      determine; provided that no Award Agreement shall provide for the issuance
      of
      Shares except on a fully paid basis.

     

    10.4 Value
      of Cash-Based and Other Stock-Based Awards.
      Each
      Cash-Based Award shall specify a payment amount or payment range as determined
      by the Committee. Each Other Stock-Based Award shall be expressed in terms
      of
      Shares or units based on Shares, as determined by the Committee. The Committee
      may establish performance goals in its discretion. If the Committee exercises
      its discretion to establish performance goals, the number and/or value of
      Cash-Based Awards or Other Stock-Based Awards that will be paid out to the
      Participant will depend on the extent to which the performance goals are met,
      and provided the cash or services received by the Company in exchange for Shares
      shall have a value not less than the aggregate par value of any Shares issued
      as
      part of such other Stock-Based Award.

     

    
      
         

      

      
        21

        
          

        

      

      
         

      

    

    10.5 Payment
      of Cash-Based Awards and Other Stock-Based Awards.
      Payment,
      if any, with respect to a Cash-Based Award or an Other Stock-Based Award shall
      be made in accordance with the terms of the Award, in cash or fully paid Shares
      as the Committee determines.

     

    10.6 Termination
      of Employment, Service as a Director or Third-Party Service
      Provider.
      The
      Committee shall determine the extent to which the Participant shall have the
      right to receive Cash-Based Awards or Other Stock-Based Awards following
      termination of the Participant’s employment with or provision of services to the
      Company, its Affiliates, and/or its Subsidiaries, as the case may be, subject
      to
      Sections 5.3 and 5.4. Such provisions shall be determined in the sole
      discretion of the Committee, such provisions may be included in an agreement
      entered into with each Participant, but need not be uniform among all Awards
      of
      Cash-Based Awards or Other Stock-Based Awards issued pursuant to the Plan,
      and
      may reflect distinctions based on the reasons for termination, or reasons
      relating to the breach or threatened breach of restrictive covenants to which
      the Participant is subject, if any. Subject to Article 18, in the event that
      a
      Participant’s Award Agreement does not set forth such termination provisions,
      the following termination provisions shall apply:

     

    
      	 	
              (a)

            	
              Involuntary
                Termination or Resignation for Good Reason. These
                termination events apply only to Participants who are Employees or
                Third-Party Service Providers.

            

    

     

    
      	 	
              (i)

            	
              If
                the Award is not intended to qualify for the Performance-Based Exception,
                in the event that a Participant’s employment or service, as the case may
                be, with the Company, Affiliate and/or any Subsidiary terminates
                by reason
                of an Involuntary Termination or Resignation for Good Reason by the
                Participant, the Participant shall receive a full payout of the
                Performance Units and/or Performance
                Shares.

            

    

     

    
      	 	
              (ii)

            	
              If
                the Award granted to Participants who are Employees is intended to
                qualify
                for the Performance-Based Exception, the Participant shall receive
                a
                payout as determined under this subsection (a)
                upon attainment of the applicable Performance
                Measures.

            

    

     

    
      	 	
              (b)

            	
              Death
                or Disability. These
                termination events apply to all
                Participants.

            

    

     

    
      	 	
              (i)

            	
              If
                the Award is not intended to qualify for the Performance-Based Exception,
                in the event that a Participant’s employment or service, as the case may
                be, with the Company, Affiliate and/or any Subsidiary terminates
                by reason
                of death or Disability, the Participant shall receive a full payout
                of the
                Award.

            

    

     

    
      	 	
              (ii)

            	
              If
                the Award granted to Participants who are Employees is intended to
                qualify
                for the Performance-Based Exception, the Participant shall receive
                a
                payout as determined under this subsection (b)
                upon attainment of the applicable Performance
                Measures.

            

    

     

    
      	 	
              (c)

            	
              Retirement.
                This
                termination event applies only to Participants who are
                Employees.

            

    

     

    
      	 	
              (i)

            	
              If
                the Award is not intended to qualify for the Performance-Based Exception,
                in the event that a Participant’s employment with the Company, Affiliate
                and/or any Subsidiary, terminates during a Performance Period due
                to
                Retirement, the Participant shall receive a prorated payout of the
                Award,
                unless the Committee determines otherwise. The prorated payout shall
                be
                determined by the Committee, shall be based upon the length of time
                that
                the Participant held the Award during the Performance Period, and
                shall
                further be adjusted based on the achievement of the pre-established
                performance goals. Unless the Committee determines otherwise in the
                event
                of Retirement, payment of the earned Award shall be made at the same
                time
                as payments are made to Participants who did not terminate employment
                during the applicable Performance
                Period.

            

    

     

     

    
      
         

      

      
        22

        
          

        

      

      
         

      

    

     

    
      	 	
              (ii)

            	
              If
                the Award is intended to qualify for the Performance-Based Exception,
                the
                Participant shall receive a payout as determined under this subsection
                (c)
                upon attainment of the applicable Performance
                Measures.

            

    

     

    
      	 	
              (d)

            	
              Termination
                for Cause. This
                termination event applies to all Participants. In the event that
                a
                Participant’s employment, or service as a Director or Third-Party Service
                Provider with the Company, Affiliate and/or any Subsidiary terminates
                for
                Cause the Award (vested or unvested) shall be immediately forfeited
                to the
                Company. In addition, the provisions of Article 11 shall
                apply.

            

    

     

    
      	 	
              (e)

            	
              Other
                Termination.
                This termination event applies to all Participants, as
                follows:

            

    

     

    
      	 	
              (i)

            	
              In
                the event that a Participant’s employment, or service as a Third-Party
                Service Provider with the Company, Affiliate and/or any Subsidiary
                terminates during a Performance Period for any reason other than
                as
                described in subsections (a)
                through (d),
                the unvested portion of the Award shall be immediately forfeited
                to the
                Company.

            

    

     

    
      	 	
              (ii)

            	
              In
                the event that a Participant’s service as a Director with the Company,
                Affiliate and/or any Subsidiary terminates during a Performance Period
                for
                any reason other than as described in subsections (b)
                through (d),
                to the extent the Award is unvested, the Award shall become vested
                on the
                date of such termination and any restrictions shall lapse as to a
                portion
                of the Award determined as follows: (A) the total value of the Award
                times
                (B) a ratio, the numerator of which is the total number of months of
                service from the Grant Date of the Award to the end of the month
                in which
                the Participant’s termination occurs and the denominator of which is the
                total number of months of vesting or the performance period required
                for a
                fully vested Award as set forth in the Award Agreement. The unvested
                portion of the Award shall be immediately forfeited to the
                Company.

            

    

     

    10.7 Forfeiture
      and Right of Repurchase. In
      the
      event that any Shares are required to be forfeited under any circumstances
      set
      forth in this Article 10, Article 20 or otherwise under this Plan or an Award
      Agreement, then the Company shall have the right (but not the obligation) to
      repurchase any or all of such forfeited Shares for $0.001 per Share. The Company
      shall have 90 days from the date of any event giving rise to forfeiture within
      which to effect a repurchase of any or all of the Shares subject to such
      forfeiture conditions. The Company’s right to repurchase the Shares is
      assignable by the Company, in its sole discretion, to a Subsidiary, Affiliate
      or
      other party to whom such rights can be assigned under Applicable
      Laws.

     

    Article
      11. Forfeiture
      of Awards.

    11.1 General.
      Notwithstanding anything else to the contrary contained herein, the Committee
      in
      granting any Award shall have the full power and authority to determine whether,
      to what extent and under what circumstances such Award shall be forfeited,
      cancelled or suspended. Unless an Award Agreement includes provisions expressly
      superseding the provisions of this Article 11, the provisions of this Article
      11
      shall apply to all Awards. Any such forfeiture shall be effected by the Company
      in such manner and to such degree as the Committee, in its sole discretion,
      determines, and will in all events (including as to the provisions of this
      Article 11) be subject to the Applicable Laws. 

     

    In
      order
      to effect a forfeiture under this Article 11, the Committee may require that
      the
      Participant sell Shares received upon exercise or settlement of an Award to
      the
      Company or to such other person as the Company may designate at such price
      and
      on such other terms and conditions as the Committee in its sole discretion
      may
      require. 

     

    11.2 Forfeiture
      Events.
      Unless
      otherwise specified by the Committee, in addition to any vesting or other
      forfeiture or repurchase conditions that may apply to an Award and Shares issued
      pursuant to an Award, each Award granted under the Plan will be subject to
      the
      following forfeiture conditions:

     

     

    
      
         

      

      
        23

        
          

        

      

      
         

      

    

     

    
      	 	
              (a)

            	
              Competitive
                Activity.
                All outstanding Awards and Shares issued pursuant to an Award held
                by an
                Participant will be forfeited in their entirety (including as to
                any
                portion of an Award or Shares subject thereto that are vested or
                as to
                which any repurchase or resale rights or forfeiture restrictions
                in favor
                of the Company or its designee with respect to such Shares have previously
                lapsed) if the Participant, without the consent of the Company, while
                employed or in service, as the case may be, or within six (6) months
                after
                termination of employment or service, establishes an employment or
                similar
                relationship with a competitor of the Company or engages in any similar
                activity that is in conflict with or adverse to the interests of
                the
                Company, as determined by the Committee in its sole discretion;
                provided,
                that if an Participant has sold Shares issued upon exercise or settlement
                of an Award within six (6) months prior to the date on which the
                Participant would otherwise have been required to forfeit such Shares
                or
                the Option under this subsection (a) as a result of the Participant's
                competitive or similar acts, then the Company will be entitled to
                recover
                any and all profits realized by the Participant in connection with
                such
                sale.

            

    

     

    
      	 	
              (b)

            	
              Termination
                for Cause.
                All outstanding Awards and Shares issued pursuant to an Award held
                by an
                Participant will be forfeited in their entirety (including as to
                any
                portion of an Award or Shares subject thereto that are vested or
                as to
                which any repurchase or resale rights or forfeiture restrictions
                in favor
                of the Company or its designee have previously lapsed) if the
                Participant’s employment or service is terminated by the Company for
                Cause; provided,
                however,
                that if an Participant has sold Shares issued upon exercise or settlement
                of an Award within six (6) months prior to the date on which the
                Participant would otherwise have been required to forfeit such Shares
                under this subsection (b) as a result of termination of the Participant’s
                employment or service for Cause, then the Company will be entitled
                to
                recover any and all profits realized by the Participant in connection
                with
                such sale; and provided
                further,
                that in the event the Committee determines that it is necessary to
                establish whether grounds exist for termination for Cause, the Award
                will
                be suspended during any period required to conduct such determination,
                meaning that the vesting, exercisability and/or lapse of restrictions
                otherwise applicable to the Award will be tolled and if grounds for
                such
                termination are determined to exist, the forfeiture specified by
                this
                subsection (b)
                will apply as of the date of suspension, and if no such grounds are
                determined to exist, the Award will be reinstated on its original
                terms.

            

    

     

    Article
      12. Transferability
      of Awards

    12.1 Transferability.
      Except
      as provided in Section 12.2 below, during a Participant’s lifetime, his or
      her Awards shall be exercisable only by the Participant or the Participant’s
      legal representative. Except as permitted by the Committee, Awards shall not
      be
      transferable other than by will or the laws of descent and distribution; no
      Awards shall be subject, in whole or in part, to attachment, execution, or
      levy
      of any kind; and any purported transfer in violation hereof shall be null and
      void. The Committee may establish such procedures as it deems appropriate for
      a
      Participant to designate a beneficiary to whom any amounts payable or Shares
      deliverable in the event of, or following, the Participant’s death, may be
      provided.

     

    12.2 Committee
      Action.
      The
      Committee may, in its discretion, determine that notwithstanding
      Section 12.1, any or all Awards (other than ISOs) shall be transferable to
      and exercisable by such transferees, and subject to such terms and conditions,
      as the Committee may deem appropriate; provided, however, no Award may be
      transferred for value (as defined in the General Instructions to Form
      S-8).

     

    Article
      13. Performance
      Measures

    13.1 Performance
      Measures.
      The
      performance goals upon which the payment or vesting of an Award to a Covered
      Employee that is intended to qualify as Performance-Based Compensation shall
      be
      limited to the following Performance Measures:

     

    
      	 	
              (a)

            	
              Net
                earnings or net income (before or after
                taxes);

            

    

    
      	 	
              (b)

            	
              Earnings
                per share (basic or fully diluted);

            

    

    
      	 	
              (c)

            	
              Net
                sales or revenue growth;

            

    

    
      	 	
              (d)

            	
              Net
                operating profit;

            

    

    
    

     

     

    
      
         

      

      
        24

        
          

        

      

      
         

      

    

     

    
      	 	
              (e)

            	
              Return
                measures (including, but not limited to, return on assets, capital,
                invested capital, equity, sales, or
                revenue);

            

    

    
      	 	
              (f)

            	
              Cash
                flow (including, but not limited to, operating cash flow, free cash
                flow,
                cash flow return on equity, and cash flow return on
                investment);

            

    

    
      	 	
              (g)

            	
              Earnings
                before or after taxes, interest, depreciation, and/or
                amortization;

            

    

    
      	 	
              (h)

            	
              Booking
                activity and Backlog growth (including, but not limited to, as measured
                in
                man-hours, future revenues, Foster Wheeler scope and/or contract
                profit);

            

    

    
      	 	
              (i)

            	
              Gross
                or operating margins;

            

    

    
      	 	
              (j)

            	
              Productivity
                ratios;

            

    

    
      	 	
              (k)

            	
              Share
                price (including, but not limited to, growth measures and total
                shareholder return);

            

    

    
      	 	
              (l)

            	
              Expense
                targets;

            

    

    
      	 	
              (m)

            	
              Leverage
                targets (including, but not limited to, absolute amount of consolidated
                debt, EBITDA/consolidated debt ratios and/or debt to equity
                ratios);

            

    

    
      	 	
              (n)

            	
              Credit
                rating targets;

            

    

    
      	 	
              (o)

            	
              Margins;

            

    

    
      	 	
              (p)

            	
              Operating
                efficiency;

            

    

    
      	 	
              (q)

            	
              Safety;

            

    

    
      	 	
              (r)

            	
              Market
                share;

            

    

    
      	 	
              (s)

            	
              Customer
                satisfaction;

            

    

    
      	 	
              (t)

            	
              Working
                capital targets;

            

    

    
      	 	
              (u)

            	
              Economic
                value added or EVA®
                (net operating profit after tax minus the sum of capital multiplied
                by the
                cost of capital);

            

    

    
      	 	
              (v)

            	
              Developing
                new products and lines of revenue;

            

    

    
      	 	
              (w)

            	
              Reducing
                operating expenses;

            

    

    
      	 	
              (x)

            	
              Developing
                new markets;

            

    

    
      	 	
              (y)

            	
              Meeting
                completion schedules;

            

    

    
      	 	
              (z)

            	
              Developing
                and managing relationships with regulatory and other governmental
                agencies;

            

    

    
      	 	
              (aa)

            	
              Managing
                cash;

            

    

    
      	 	
              (bb)

            	
              Managing
                claims against the Company, including litigation;
                and

            

    

    
      	 	
              (cc)

            	
              Identifying
                and completing strategic
                acquisitions.

            

    

     

    Any
      Performance Measure(s) may be used to measure the performance of the Company,
      any Subsidiary, or an Affiliate as a whole or any business unit of the Company,
      any Subsidiary, or an Affiliate or any combination thereof, as the Committee
      may
      deem appropriate, or any of the above Performance Measures as compared to the
      performance of a group of comparator companies, or published or special index
      that the Committee, in its sole discretion, deems appropriate, or the Committee
      may select Performance Measure (j) above as compared to various stock market
      indices. The Committee also has the authority to provide for accelerated vesting
      of any Award based on the achievement of performance goals pursuant to the
      Performance Measures specified in this Article 13.

     

    Notwithstanding
      the foregoing, for each Award designed to qualify for the Performance-Based
      Exception, the Committee shall establish and set forth in the Award the
      applicable performance goals for that Award no later than the latest date that
      the Committee may establish such goals without jeopardizing the ability of
      the
      Award to qualify for the Performance-Based Exception and the Committee shall
      be
      satisfied that the attainment of such Performance Measure(s) shall represent
      value to the Company in an amount not less than the par value of any related
      Performance Shares.

     

    13.2 Evaluation
      of Performance.
      Subject
      to Section 13.3, the Committee may provide in any such Award that any evaluation
      of performance may include or exclude any of the following events that occurs
      during a Performance Period: (a) asset write-downs and other asset revaluations,
      (b) litigation or claim judgments or settlements, (c) the effect of changes
      in
      tax laws, accounting principles, or other laws or provisions affecting reported
      results, (d) any reorganization and restructuring programs, (e) extraordinary
      nonrecurring items as described in Accounting Principles Board Opinion No.
      30
      and/or in management’s discussion and analysis of financial condition and
      results of operations appearing in the Company’s annual report to shareholders
      for the applicable year, (f) acquisitions or divestitures, (g) foreign exchange
      gains and losses, and (h) changes in material liability estimates. To the extent
      such inclusions or exclusions affect Awards to Covered Employees, they shall
      be
      prescribed in a form that meets the requirements of Code Section 162(m) for
      deductibility.

     

    
      
         

      

      
        25

        
          

        

      

      
         

      

    

    13.3 Adjustment
      of Performance-Based Compensation.
      The
      degree of payout and/or vesting of Awards designed to qualify for the
      Performance-Based Exception shall be determined based upon the written
      certification of the Committee as to the extent to which the performance goals
      and any other material terms and conditions precedent to such payment and/or
      vesting have been satisfied. The Committee shall have the sole discretion to
      adjust the determinations of the value and degree of attainment of the
      pre-established performance goals; provided, however, that the performance
      goals
      applicable to Awards which are designed to qualify for the Performance-Based
      Exception, and which are held by Covered Employees, may not be adjusted so
      as to
      increase the payment under the Award (the Committee shall retain the sole
      discretion to adjust such performance goals upward, or to otherwise reduce
      the
      amount of the payment and/or vesting of the Award relative to the
      pre-established performance goals).

     

    13.4 Committee
      Discretion.
      In the
      event that applicable tax and/or securities laws change to permit Committee
      discretion to alter the governing Performance Measures without obtaining
      shareholder approval of such changes, the Committee shall have sole discretion
      to make such changes without obtaining shareholder approval. In addition, in
      the
      event that the Committee determines that it is advisable to grant Awards that
      shall not qualify as Performance-Based Compensation, the Committee may make
      such
      grants without satisfying the requirements of Code Section 162(m) and base
      vesting on Performance Measures other than those set forth in
      Section 13.1.

     

    Article
      14. Director
      Awards

    The
      Board
      shall determine all Awards to Directors. The terms and conditions of any grant
      to any such Director shall be set forth in an Award Agreement and shall be
      otherwise subject to the Plan.

     

    Article
      15. Dividend
      Equivalents

    Any
      Participant selected by the Committee may be granted dividend equivalents based
      on the dividends declared on Shares that are subject to any Award, to be
      credited as of dividend payment dates, during the period between the date the
      Award is granted and the date the Award is exercised, vests or expires, as
      determined by the Committee. Such dividend equivalents shall be converted to
      cash or additional Shares by such formula and at such time and subject to such
      limitations as may be determined by the Committee.

     

    Notwithstanding
      the foregoing, if the grant of an Award to a Covered Employee is designed to
      comply with the requirements of the Performance-Based Exception, the Committee
      may apply any restrictions it deems appropriate to the payment of dividends
      declared with respect to such Award, such that the dividends and/or the Award
      maintain eligibility for the Performance-Based Exception. With respect to
      Restricted Stock and/or Restricted Stock Units, in the event that any dividend
      constitutes a derivative security or an equity security pursuant to the rules
      under Section 16 of the Exchange Act, such dividend shall be subject to a
      vesting period equal to the remaining vesting period of the Shares of Restricted
      Stock and/or Restricted Stock Unit with respect to which the dividend is
      paid.

     

    Article
      16. Beneficiary
      Designation

    Each
      Participant under this Plan may, from time to time, name any beneficiary or
      beneficiaries (who may be named contingently or successively) to whom any
      benefit under this Plan is to be paid in case of his death before he receives
      any or all of such benefit. Each such designation shall revoke all prior
      designations by the same Participant, shall be in a form prescribed by the
      Committee, and will be effective only when filed by the Participant in writing
      with the Company during the Participant’s lifetime. In the absence of any such
      beneficiary designation, benefits remaining unpaid or rights remaining
      unexercised at the Participant’s death shall be paid to or exercised by the
      Participant’s spouse, executor, administrator, or legal representative, as
      determined by the Committee, in its sole discretion.

     

    
      
         

      

      
        26

        
          

        

      

      
         

      

    

    Article
      17. Rights
      of Participants

    17.1 Employment.
      Nothing
      in this Plan or an Award Agreement shall interfere with or limit in any way
      the
      right of the Company, its Affiliates, and/or its Subsidiaries, to terminate
      any
      Participant’s employment or service on the Board or to the Company at any time
      or for any reason not prohibited by law, nor confer upon any Participant any
      right to continue his employment or service as a Director or Third-Party Service
      Provider for any specified period of time.

     

    Neither
      an Award nor any benefits arising under this Plan shall constitute an employment
      contract with the Company, its Affiliates, and/or its Subsidiaries and,
      accordingly, subject to Articles 3 and 19, this Plan and the benefits
      hereunder may be terminated at any time in the sole and exclusive discretion
      of
      the Committee without giving rise to any liability on the part of the Company,
      its Affiliates, and/or its Subsidiaries.

     

    17.2 Participation.
      No
      individual shall have the right to be selected to receive an Award under this
      Plan. In addition, the receipt of any Award shall not create a right to receive
      a future Award.

     

    17.3 Rights
      as a Shareholder.
      Except
      as otherwise provided herein, a Participant shall have none of the rights of
      a
      shareholder with respect to Shares covered by any Award until the Participant
      becomes the registered holder of such Shares.

     

    Article
      18. Change
      in Control

    18.1 Change
      in Control of the Company.
      Upon the
      occurrence of a Change in Control while the Participant is employed or in
      service with the Company, an Affiliate and/or any Subsidiary, unless otherwise
      specifically prohibited under Applicable Laws, or by the rules and regulations
      of any governing governmental agencies or national securities exchanges, or
      unless the Committee shall determine otherwise in the Award
      Agreement:

     

    
      	 	
              (a)

            	
              Any
                and all Options and SARs granted hereunder shall become immediately
                vested
                and exercisable.

            

    

     

    
      	 	
              (b)

            	
              Any
                Period of Restriction for Restricted Stock and Restricted Stock Units
                granted hereunder that have not previously vested shall end, and
                such
                Restricted Stock and Restricted Stock Units shall become fully
                vested.

            

    

     

    
      	 	
              (c)

            	
              The
                target payout opportunities attainable under all outstanding Awards
                which
                are subject to achievement of any of the Performance Measures specified
                in
                Article 13, or any other performance conditions or restrictions that
                the
                Committee has made the Award contingent upon, shall be deemed to
                have been
                earned as of the effective date of the Change in Control, and such
                Awards
                treated as follows:

            

    

     

    
      	 	
              (i)

            	
              The
                vesting of all such Awards denominated in Shares shall be accelerated
                as
                of the effective date of the Change in Control, and there shall be
                paid
                out to Participants a pro rata number of fully paid Shares based
                upon an
                assumed achievement of all relevant targeted performance goals and
                upon
                the length of time within the Performance Period, if any, that has
                elapsed
                prior to the Change in Control. The Committee has the authority to
                pay all
                or any portion of the value of the Shares
                in cash.

            

    

     

    
      	 	
              (ii)

            	
              All
                such Awards denominated in cash shall be paid pro rata to Participants,
                with the proration determined as a function of the length of time
                within the Performance Period, if any, that has elapsed prior to
                the
                Change in Control, and based on an assumed achievement of all relevant
                targeted performance goals.

            

    

     

    
      	 	
              (d)

            	
              Subject
                to Article 19, herein, the Committee shall have the authority to
                make any
                modifications to the Awards as determined by the Committee to be
                appropriate before the effective date of the Change in
                Control.

            

    

     

     

     

    
      
         

      

      
        27

        
          

        

      

      
         

      

    

    18.2 Treatment
      of Awards.
      In the
      event of a Change in Control where the Company ceases to have publicly traded
      equity securities, after the consummation of the Change in Control, if no
      replacement awards are issued in lieu of outstanding Awards under the Plan,
      then
      the Plan and all outstanding Awards granted hereunder shall terminate, and
      the
      Company (or successor) shall pay Participants an amount for their outstanding
      Awards determined using the Change-in-Control Price. Participants with
      outstanding Options and SARs shall be given an opportunity to exercise all
      their
      Options and SARs in connection with the consummation of the Change in Control
      and receive payment for any acquired Shares using the Change-in-Control
      Price.

     

    18.3 Employment
      or Other Agreement.
      Notwithstanding the foregoing, to the extent that an employment or other
      agreement with the Company, Affiliate or Subsidiary provides benefits of greater
      value upon a Change in Control than those provided in this Article 18, the
      rights set forth in such other agreement shall supercede the provisions of
      this
      Article 18. In addition, to the extent that another employment or change in
      control agreement provides benefits with respect to Awards covered by this
      Plan
      that are of lesser value than the benefits provided under a Award granted under
      the Plan, the Award shall supersede such other employment or change in control
      agreement to such extent.

     

    Article
      19. Amendment,
      Modification, Suspension, and Termination

    19.1 Amendment,
      Modification, Suspension, and Termination.
      Subject
      to Section 19.3, the Committee may, at any time and from time to time,
      alter, amend, modify, suspend, or terminate this Plan and any Award Agreement
      in
      whole or in part; provided, however, that, without the prior approval of the
      Company’s shareholders and except as provided in Section 4.4, Options or
      SARs issued under this Plan will not be repriced, replaced, or regranted through
      cancellation, or by lowering the Option Price of a previously granted Option
      or
      the Grant Price of a previously granted SAR, and no material amendment of this
      Plan shall be made without shareholder approval if shareholder approval is
      required by Applicable Laws.

     

    19.2 Adjustment
      of Awards Upon the Occurrence of Certain Unusual or Nonrecurring
      Events.
      The
      Committee may make adjustments in the terms and conditions of, and the criteria
      included in, Awards in recognition of unusual or nonrecurring events (including,
      without limitation, the events described in Section 4.4 hereof) affecting
      the Company or the financial statements of the Company or of changes in
      Applicable Laws, regulations, or accounting principles, whenever the Committee
      determines that such adjustments are appropriate in order to prevent unintended
      dilution or enlargement of the benefits or potential benefits intended to be
      made available under this Plan. The determination of the Committee as to the
      foregoing adjustments, if any, shall be conclusive and binding on Participants
      under this Plan.

     

    19.3 Awards
      Previously Granted.
      Notwithstanding any other provision of this Plan to the contrary (other than
      Section 19.4), no termination, amendment, suspension, or modification of
      this Plan or an Award Agreement shall adversely affect in any material way
      any Award previously granted under this Plan, without the written consent of
      the
      Participant holding such Award.

     

    19.4 Amendment
      to Conform to Law.
      Notwithstanding any other provision of this Plan to the contrary, the Board
      may
      amend the Plan or an Award Agreement, to take effect retroactively or otherwise,
      as deemed necessary or advisable for the purpose of conforming the Plan or
      an
      Award Agreement to any present or future law relating to plans of this or
      similar nature (including, but not limited to, Code Section 409A), and to
      the administrative regulations and rulings promulgated thereunder. By accepting
      an Award under this Plan, each Participant agrees to any amendment made pursuant
      to this Section 19.4 to any Award granted under the Plan without further
      consideration or action.

     

    Article
      20. Withholding

    20.1 General.
      The
      Company shall have the power and the right to deduct or withhold, or require
      a
      Participant to remit to the Company, the amount necessary to satisfy federal,
      state, and local taxes, domestic or foreign, required by law or regulation
      to be
      withheld with respect to any taxable event arising as a result of this
      Plan.

     

    
      
         

      

      
        28

        
          

        

      

      
         

      

    

    20.2 Stock
      Settled Awards.
      Each
      Participant shall make such arrangements as the Committee may require, within
      a
      reasonable time prior to the date on which any portion of an Award settled
      in
      Shares is scheduled to vest, for the payment of all withholding tax obligations
      through either (i) giving instructions to a broker for the sale on the open
      market of a sufficient number of Shares to pay the withholding tax in a manner
      that satisfies all Applicable Laws, (ii) depositing with the Company an
      amount of funds equal to the estimated withholding tax liability, or
      (iii) such other method as the Committee in its discretion may approve,
      including a combination of (i) and (ii). If a Participant fails to make such
      arrangements, or if by reason of any action or inaction of the Participant
      the
      Company fails to receive a sufficient amount to satisfy the withholding tax
      obligation, then, anything else contained in this Plan or any Award to the
      contrary notwithstanding, the Shares that would otherwise have vested on such
      date shall be subject to forfeiture, as determined by the Committee, regardless
      of the Participant’s status as an Employee, Director or Third-Party Service
      Provider; provided, that the Committee, in its sole discretion, may permit
      a
      Participant to cure any failure to provide funds to meeting the withholding
      tax
      obligation (including any penalties or interest thereon), if the Committee
      determines that the failure was due to factors beyond the Participant’s
      control.

     

    Article
      21. Successors

    All
      obligations of the Company under this Plan with respect to Awards granted
      hereunder shall be binding on any successor to the Company, whether the
      existence of such successor is the result of a direct or indirect purchase,
      amalgamation, merger, consolidation, or otherwise, of all or substantially
      all
      of the business and/or assets of the Company.

     

    Article
      22. General
      Provisions

    22.1 Forfeiture
      Events.

     

    
      	 	
              (a)

            	
              The
                Committee may specify in an Award Agreement that the Participant’s rights,
                payments, and benefits with respect to an Award shall be subject
                to
                reduction, cancellation, forfeiture (including repurchase of Shares
                for
                nominal consideration), or recoupment upon the occurrence of certain
                specified events, in addition to any otherwise applicable vesting
                or
                performance conditions of an Award. Such events may include, but
                shall not
                be limited to, failure to remit the amounts necessary to satisfy
                the
                Participant’s tax withholding obligations, termination of employment for
                Cause, termination of the Participant’s provision of services to the
                Company, Affiliate, and/or Subsidiary, violation of material Company,
                Affiliate, and/or Subsidiary policies, breach of noncompetition,
                confidentiality, or other restrictive covenants that may apply to
                the
                Participant, or other conduct by the Participant that is detrimental
                to
                the business or reputation of the Company, its Affiliates, and/or
                its
                Subsidiaries.

            

    

     

    
      	 	
              (b)

            	
              If
                the Company is required to prepare an accounting restatement due
                to the
                material noncompliance of the Company, as a result of misconduct,
                with any
                financial reporting requirement under the securities laws, if the
                Participant knowingly or grossly negligently engaged in the misconduct,
                or
                knowingly or grossly negligently failed to prevent the misconduct,
                or if
                the Participant is one of the individuals subject to automatic forfeiture
                under Section 304 of the Sarbanes-Oxley Act of 2002, the Participant
                shall reimburse the Company the amount of any payment in settlement
                of an
                Award earned or accrued during the twelve (12) month period following
                the
                first public issuance or filing with the United States Securities
                and
                Exchange Commission (whichever just occurred) of the financial document
                embodying such financial reporting
                requirement.

            

    

     

    22.2 Right
      of Offset.
      The
      Company, any Subsidiary, or an Affiliate may, to the extent permitted by
      applicable law, deduct from and set off against any amounts the Company, any
      Subsidiary, or an Affiliate, as the case may be, may owe to the Participant
      from
      time to time, including amounts payable in connection with any Award, owed
      as
      wages, fringe benefits, or other compensation owed to the Participant, such
      amounts as may be owed by the Participant to the Company, any Subsidiary, or
      an
      Affiliate, as the case may be, although the Participant shall remain liable
      for
      any part of the Participant’s payment obligation not satisfied through such
      deduction and setoff. By accepting any Award granted hereunder, the Participant
      agrees to any deduction or setoff under this Section 22.2.

     

    
      
         

      

      
        29

        
          

        

      

      
         

      

    

    22.3 Compliance
      with Code Section 162(m).
      The
      Company intends that the Awards granted to Covered Employees shall satisfy
      the
      requirements of the Performance-Based Exception, unless otherwise determined
      by
      the Committee when the Award is granted. Accordingly, the terms of this Plan,
      including the definition of Covered Employee and other terms used therein,
      shall
      be interpreted in a manner consistent with Code Section 162(m) and
      regulations thereunder. Notwithstanding the foregoing, because the Committee
      cannot determine with certainty whether a given Participant will be a Covered
      Employee with respect to a fiscal year that has not yet been completed, the
      term
      Covered Employee as used herein shall mean only a person designated by the
      Committee as likely to be a Covered Employee with respect to a fiscal year.
      If
      any provision of the Plan or any Award Agreement designated as intended to
      satisfy the Performance-Based Exception does not comply or is inconsistent
      with
      the requirements of Code Section 162(m) or regulations thereunder, such
      provision shall be construed or deemed amended to the extent necessary to
      conform to such requirements, and no provision shall be deemed to confer upon
      the Committee or any other person sole discretion to increase the amount of
      compensation otherwise payable in connection with such Award upon attainment
      of
      the applicable performance objectives. Payment of any amount that the Company
      reasonably determines would not be deductible by reason of Code
      Section 162(m) shall be deferred until the earlier of the earliest date on
      which the Company reasonably determines that the deductibility of the payment
      will not be so limited, or the year following the termination of
      employment.

     

    22.4 Legend.
      The
      certificates for Shares may include any legend which the Committee deems
      appropriate to reflect any restrictions on transfer of such Shares.

     

    22.5 Gender
      and Number.
      Except
      where otherwise indicated by the context, any masculine term used herein also
      shall include the feminine, the plural shall include the singular, and the
      singular shall include the plural.

     

    22.6 Severability.
      In the
      event any provision of this Plan shall be held illegal or invalid for any
      reason, the illegality or invalidity shall not affect the remaining parts of
      this Plan, and this Plan shall be construed and enforced as if the illegal
      or
      invalid provision had not been included.

     

    22.7 Requirements
      of Law.
      The
      granting of Awards and the issuance of Shares under this Plan shall be subject
      to all Applicable Laws, and to such approvals by any governmental agencies
      or
      stock exchange as may be required.

     

    22.8 Securities
      Law Compliance.
      With
      respect to Insiders, transactions under the Plan are intended to comply with
      all
      applicable conditions of Rule 16b-3 or its successor under the Exchange Act.
      To
      the extent any provision of the Plan or action by the Committee fails to so
      comply, it shall be deemed null and void, to the extent permitted by law and
      deemed advisable by the Committee.

     

    22.9 Delivery
      of Title.
      The
      Company shall have no obligation to issue or deliver evidence of title for
      Shares issued under this Plan prior to:

     

    
      	 	
              (a)

            	
              Obtaining
                any approvals from governmental agencies that the Company determines
                are
                necessary or advisable; and

            

    

     

    
      	 	
              (b)

            	
              Completion
                of any registration or other qualification of the Shares under any
                applicable national or foreign law or ruling of any governmental
                body that
                the Company determines to be necessary or
                advisable.

            

    

     

    22.10 Inability
      to Obtain Authority.
      The
      inability of the Company to obtain authority from any regulatory body having
      jurisdiction, which authority is deemed by the Company’s counsel to be necessary
      to the lawful issuance and sale of any Shares hereunder, shall relieve the
      Company of any liability in respect of the failure to issue or sell such Shares
      as to which such requisite authority shall not have been obtained.

     

    22.11 Investment
      Representations.
      The
      Committee may require any individual receiving Shares pursuant to an Award
      under
      this Plan to represent and warrant in writing that the individual is acquiring
      the Shares for investment and without any present intention to sell or
      distribute such Shares.

     

    22.12 Employees
      Based Outside of the United States.
      Notwithstanding any provision of this Plan to the contrary, in order to comply
      with the laws in other countries in which the Company, its Affiliates, and/or
      its Subsidiaries operate or have Employees, Directors, or Third-Party Service
      Providers, the Committee, in its sole discretion, shall have the power and
      authority to:

     

     

     

    
      	 	
              (a)

            	
              Determine
                which Affiliates and Subsidiaries shall be covered by this
                Plan;

            

    

     

    
      	 	
              (b)

            	
              Determine
                which Employees, Directors, and/or Third-Party Service Providers
                outside
                the United States are eligible to participate in this
                Plan;

            

    

     

    
      	 	
              (c)

            	
              Modify
                the terms and conditions of any Award granted to Employees and/or
                Third-Party Service Providers outside the United States to comply
                with
                applicable foreign laws;

            

    

     

    
      	 	
              (d)

            	
              Establish
                subplans and modify exercise procedures and other terms and procedures,
                to
                the extent such actions may be necessary or advisable. Any subplans
                and
                modifications to Plan terms and procedures established under this
                Section 22.12 by the Committee shall be attached to this Plan
                document as appendices; and

            

    

     

    
      	 	
              (e)

            	
              Take
                any action, before or after an Award is made, that it deems advisable
                to
                obtain approval or comply with any necessary local government regulatory
                exemptions or approvals.

            

    

     

    Notwithstanding
      the above, the Committee may not take any actions hereunder, and no Awards
      shall
      be granted, that would violate applicable law.

     

    22.13 Uncertificated
      Shares.
      To the
      extent that this Plan provides for issuance of certificates to reflect the
      transfer of Shares, the transfer of such Shares may be effected on a
      noncertificated basis, to the extent not prohibited by Applicable
      Laws.

     

    22.14 Unfunded
      Plan.
      Participants shall have no right, title, or interest whatsoever in or to any
      investments that the Company, and/or its Subsidiaries, and/or its Affiliates
      may
      make to aid it in meeting its obligations under this Plan. Nothing contained
      in
      this Plan, and no action taken pursuant to its provisions, shall create or
      be
      construed to create a trust of any kind, or a fiduciary relationship between
      the
      Company and any Participant, beneficiary, legal representative, or any other
      individual. To the extent that any individual acquires a right to receive
      payments from the Company, its Subsidiaries, and/or its Affiliates under this
      Plan, such right shall be no greater than the right of an unsecured general
      creditor of the Company, any Subsidiary, or an Affiliate, as the case may be.
      All payments to be made hereunder shall be paid from the general funds of the
      Company, any Subsidiary, or an Affiliate, as the case may be and no special
      or
      separate fund shall be established and no segregation of assets shall be made
      to
      assure payment of such amounts except as expressly set forth in this
      Plan.

     

    22.15 No
      Fractional Shares.
      No
      fractional Shares shall be issued or delivered pursuant to this Plan or any
      Award. The Committee shall determine whether cash, Awards, or other property
      shall be issued or paid in lieu of fractional Shares or whether such fractional
      Shares or any rights thereto shall be forfeited or otherwise
      eliminated.

     

    22.16 Retirement
      and Welfare Plans.
      Neither
      Awards made under this Plan nor Shares or cash paid pursuant to such Awards
      may
      be included as “compensation” for purposes of computing the benefits payable to
      any Participant under the Company’s, any Subsidiary’s, or an Affiliate’s
      retirement plans (both qualified and non-qualified) or welfare benefit plans
      unless such other plan expressly provides that such compensation shall be taken
      into account in computing a Participant’s benefit.

     

    22.17 Deferred
      Compensation.
      No
      deferral of compensation (as defined under Code Section 409A or guidance
      thereto) is intended under this Plan. Notwithstanding this intent, if any Award
      granted under the Plan would be considered deferred compensation as defined
      under Code Section 409A, and if this Plan or the terms of an Award fail to
      meet the requirements of Code Section 409A with respect to such Award, then
      such Award shall remain in effect and be subject to taxation in accordance
      with
      Section 409A. In this circumstance, the Committee may accelerate distribution
      or
      settlement of an Award in accordance with Code Section 409A. The Company shall
      have no liability for any tax imposed on a Participant by Code
      Section 409A, and if any tax is imposed on the Participant, the Participant
      shall have no recourse against the Company for payment of any such tax.
      Notwithstanding the foregoing, if any modification of an Award causes the Award
      to be deferred compensation under Code Section 409A, the Committee may rescind
      such modification in accordance with Code Section 409A.

     

    22.18 Nonexclusivity
      of this Plan.
      The
      adoption of this Plan shall not be construed as creating any limitations on
      the
      power of the Board or Committee to adopt such other compensation arrangements
      as
      it may deem desirable for any Participant.

     

    22.19 No
      Constraint on Corporate Action.
      Nothing
      in this Plan shall be construed to: (a) limit, impair, or otherwise affect
      the
      Company’s, any Subsidiary’s, or an Affiliate’s right or power to make
      adjustments, reclassifications, reorganizations, or changes of its capital
      or
      business structure, or to amalgamate, merge or consolidate, or dissolve,
      liquidate, sell, or transfer all or any part of its business or assets; or
      (b)
      limit the right or power of the Company, any Subsidiary, or an Affiliate to
      take
      any action which such entity deems to be necessary or appropriate.

     

    22.20 Governing
      Law.
      The Plan
      and each Award Agreement shall be governed by the laws of the state of New
      Jersey, excluding any conflicts or choice of law rule or principle that might
      otherwise refer construction or interpretation of this Plan to the substantive
      law of another jurisdiction. Unless otherwise provided in the Award Agreement,
      recipients of an Award under this Plan are deemed to submit to the exclusive
      jurisdiction and venue of the federal or state courts of New Jersey, to
      resolve any and all issues that may arise out of or relate to this Plan or
      any
      related Award Agreement.

     

    22.21 Indemnification.
      Subject
      to requirements of New Jersey law, each individual who is or shall have been
      a
      member of the Board, or a Committee appointed by the Board, or an officer of
      the
      Company to whom authority was delegated in accordance with Article 3, shall
      be
      indemnified and held harmless by the Company against and from any loss, cost,
      liability, or expense that may be imposed upon or reasonably incurred by him
      or
      her in connection with or resulting from any claim, action, suit, or proceeding
      to which he or she may be a party or in which he or she may be involved by
      reason of any action taken or failure to act under this Plan and against and
      from any and all amounts paid by him or her in settlement thereof, with the
      Company’s approval, or paid by him or her in satisfaction of any judgement in
      any such action, suit, or proceeding against him or her, provided he or she
      shall give the Company an opportunity, at its own expense, to handle and defend
      the same before he or she undertakes to handle and defend it on his/her own
      behalf, unless such loss, cost, liability, or expense is a result of his/her
      own
      willful misconduct or except as expressly provided by statute.

     

    The
      foregoing right of indemnification shall not be exclusive of any other rights
      of
      indemnification to which such individuals may be entitled under the Company’s
      Articles of Incorporation or Code of Regulations, as a matter of law, or
      otherwise, or any power that the Company may have to indemnify them or hold
      them
      harmless.

    
 

     

    
      
         

      

      
        30

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00103-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00103-of-00352.parquet"}]]