Document:

<PAGE>   1

                                                                   EXHIBIT 10.10

                              EMPLOYMENT AGREEMENT

         This Employment Agreement (the "Agreement") is made as of the 30th day
of May, 2000, by and between INTEGRATED BUSINESS SYSTEMS AND SERVICES, INC., a
South Carolina corporation (the "Company"), and WILLIAM SPENCER MCMASTER
("Employee").

         WHEREAS, the Company desires to employ Employee, and Employee desires
to be employed by the Company, in accordance with the terms and conditions
hereinafter set forth:

         NOW, THEREFORE, in consideration of the mutual promises herein set
forth, and other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the parties, intending to be legally bound, agree
as follows:

         1. Employment. The Company hereby agrees to employ Employee to perform
the duties described below subject to and in accordance with the terms and
conditions hereof, and Employee hereby accepts such employment. In accepting
employment by the Company, Employee shall undertake and assume the
responsibility of performing for and on behalf of the Company the duties of
Chief Financial Officer and General Counsel of the Company. During the term of
this Agreement, Employee shall also be entitled to hold the position of partner,
of counsel, or otherwise be affiliated with the law firm of Nexsen Pruet Jacobs
& Pollard, LLP or any successor firm. Except as specified herein, any such
affiliation shall not affect the obligations hereunder of either of the parties
to this Agreement.

         2. Term. The initial term of employment hereunder shall commence on the
date hereof, and unless earlier terminated in accordance with Section 5 hereof,
shall continue for a term of three (3) years ending on May 30, 2003; provided,
however, that the employment of Employee as Chief Financial Officer shall not
commence until August 1, 2000. This Agreement shall be automatically renewed for
additional terms of one (1) year each, unless no less than one hundred eighty
(180) days prior to the end of the then current term of this Agreement the
Company notifies Employee in writing or Employee notifies the Company in writing
of the intention not to renew this Agreement. References to this Agreement's
term shall mean the initial term and all successive terms unless the context
clearly indicates otherwise.

         3. Compensation. As compensation for the services to be rendered by
Employee for the Company under this Agreement, Employee shall be compensated as
follows:

         (a) Salary. Employee shall be compensated by the Company on the basis
of a minimum annual base salary ("Salary") of Two Hundred Fifty Thousand
($250,000) Dollars commencing on the effective date of this Agreement. Such
Salary shall be payable in pay periods as determined by the Company, but in no
event less frequently than semi-monthly. The Salary payable to Employee for each
twelve-month period during the term of this Agreement following the first
anniversary of the effective date of this Agreement shall be reviewed by the
Board of Directors (or an appropriate committee of the Board), and may be
increased, but in no event decreased, if the Board of Directors (or such
committee) determines that an increase is appropriate.

         (b) Bonuses. In addition to the Salary, Employee shall also be eligible
to receive one or more bonuses, annually or more frequently, the amount and
grant of which shall be at the discretion of the Company.

         (c) Vacation and Leaves of Absence. In addition to all regular Company
holidays, the Company shall provide Employee with twenty (20) business days of
paid vacation time during each calendar year during the term of employment
hereunder. Such vacation days are to be taken at such

                                       -1-

<PAGE>   2

time or times as Employee may reasonably request, subject to the Company's
convenience and prior approval, which approval shall not be unreasonably
withheld. The Company may grant additional vacation time and time off in its
sole discretion. Vacation time shall not cumulate year to year, and the Company
shall bear no obligation with respect to unused vacation time at the time of any
termination hereunder. In addition to the foregoing, Employee shall be granted
leaves of absence with full payment of Salary up to ten (10) business days each
calendar year during the term of this Agreement for attendance at professional
conventions, continuing education seminars and other professional or business
activities consistent with duties of Employee hereunder and/or for the
maintenance of any professional license(s) held by Employee. All expenses
reasonably and necessarily incurred by Employee in connection with the
maintenance of any professional license(s) held by Employee shall be paid for,
or reimbursed by, the Company.

         (d) Reimbursement For Expenses. The Company shall provide reimbursement
of all reasonable expenses incurred by Employee for the benefit of the Company
in the performance of Employee's duties hereunder, provided that reasonable
written documentation is provided to the Company in support of such
reimbursement.

         (e) Other Benefits. The Company shall provide at its expense other
benefits (e.g., health insurance coverage (including payment of benefits under
COBRA), disability insurance coverage, retirement plan participation, etc.)
reasonably comparable to, and no less favorable to Employee than, those benefits
generally provided to other senior executives of the Company, provided, however,
that during the term of this Agreement the Company shall also pay and maintain
for Employee's benefit Employee's existing Jefferson Pilot life insurance policy
insuring Employee's life in the face amount of $500,000.

         (f) Transition. The Company and Employee acknowledge and agree that
there shall be an initial employment transition phase of up to three months from
the effective date of this Agreement during which period Employee shall be
engaged in the reduction of his customary professional duties as an attorney
carried out by Employee prior to the effective date of this Agreement and the
commencement of his duties hereunder. During such three month period, Employee
shall maintain for review by the Company's Chief Executive Officer an
appropriate written account of the division of his time between his former and
current employment hereunder, and Employee's monthly Salary otherwise payable
hereunder during such period shall be reduced proportionately during such three
month period as determined by the Company's Chief Executive Officer to reflect
the respective allocations of Employee's professional activities.

         4. Stock Options. As a material inducement to Employee to enter into
this Agreement, on the date of Employee's commencement of employment hereunder,
the Company shall grant to Employee effective the date hereof and pursuant to
the Company's Stock Option Plan (the "Plan") or directly outside of the Plan as
set forth below:

         (a) Stock Options Under the Plan: stock options to purchase a total of
forty-nine thousand, nine hundred ninety-eight (49,998) shares of the Company's
common stock under the Plan at an exercise price per share of six and
ninety-one/100ths ($6.91) Dollars. Such options shall vest as follows: sixteen
thousand, six hundred sixty-six (16,666) shares on each of November 30, 2000,
May 31, 2001, and May 31, 2002. It is intended that such options shall be
structured to satisfy the requirements of Section 422A of the Internal Revenue
Code and shall be designated as incentive stock options.

         (b) Stock Options Outside of the Plan: stock options to purchase a
total of fifty thousand, two (50,002) shares of the Company's common stock at an
exercise price per share of Six and No/100ths ($6.00) Dollars. Such options
shall vest as follows: (i) eight thousand, three hundred thirty-four (8,334)
shares on each of November 30, 2000, May 31, 2001, and May 31, 2002, and (ii)
twenty-five thousand (25,000) shares on November 30, 2001.

                                       -2-

<PAGE>   3

         (c) Agreements and Adjustments. The Company and Employee shall execute
and deliver appropriate Stock Option Agreements in the form contemplated by the
Plan or otherwise as necessary to reflect the grant of options hereunder.
Consistent with the adjustments contemplated with respect to options granted
under the Plan, all option amounts and exercise prices shall be adjusted for any
subsequent stock splits, stock dividends, recapitalizations or similar events.

         (d) Change in Control. Notwithstanding any vesting provisions
identified in this Section 4, upon the occurrence of a "Change in Control" of
the Company as defined herein, all unvested options granted pursuant to this
Section 4 shall immediately vest and become fully exercisable and remain
exercisable throughout their entire term. For purposes of this Agreement, the
term "Change in Control" shall mean that any one of the following events shall
have occurred: (i) a person, partnership, joint venture, corporation or other
entity, or two or more of any of the foregoing acting as a group (or a "person"
within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934,
as amended (the "1934 Act"), other than the Company, a majority-owned subsidiary
of the Company, an employee benefit plan (or related trust) of the Company or
such subsidiary, (A) directly or indirectly become(s) after the effective date
of grant of the stock options hereunder the "beneficial owner" (as defined in
Rule 13(d)(3) under the 1934 Act) of 15% or more of the then outstanding voting
stock of the Company, or (B) makes a tender offer for 15% or more of the
outstanding voting securities of the Company; or (ii) individuals who constitute
a majority of the Board of Directors at the effective date hereof, or
individuals elected or nominated directly or indirectly by at least a majority
of such current directors, no longer constitute a majority of the Company's
Board of Directors; or (iii) the Company enters into (A) a plan of complete
liquidation of the Company; or (B) an agreement for the sale or disposition of
all or substantially all of the Company's assets (other than to a subsidiary of
the Company); or (C) a merger, consolidation, or reorganization of the Company
with or involving any other corporation, other than a merger, consolidation, or
reorganization that would result in the voting securities of the Company
outstanding immediately prior thereto continuing to represent (either by
remaining outstanding or by being converted into voting securities of the
surviving entity) at least seventy- five percent (75%) of the combined voting
power of the voting securities of the Company (or such surviving entity)
outstanding immediately after such merger, consolidation or reorganization.

         5. Termination

         (a) For Cause By the Company. Notwithstanding any other provision
hereof, the Company may terminate Employee's employment under this Agreement at
any time "for cause." For purposes hereof, the term "for cause" means one of the
following acts by Employee: theft or embezzlement from the Company; knowingly
falsifying Company records; indictment for a felony; drug or alcohol addiction
or abuse; or a material violation of the terms and provisions of this Agreement
which remains uncured by Employee fifteen (15) days after notice from the
Company to Employee of such violation. All compensation (including, without
limitation, the Salary and all perquisites and fringe benefits, but excluding
vested stock options) to which Employee would otherwise be entitled for periods
after the effective date of such termination shall be discontinued and forfeited
as of the effective date of such termination. Employee shall not be deemed to
have been terminated "for cause" without delivery to Employee of a written
notice of termination from the Company explaining the Company's intention to
terminate Employee "for cause" and specifying in reasonable detail the facts and
circumstances that are the basis for terminating Employee's employment; and
providing an opportunity for Employee to cure any curable default specified in
such notice of termination for a period of fifteen (15) days after Employee's
receipt of such notice.

                                       -3-

<PAGE>   4

(b) Without Cause By the Company / For Good Reason by Employee. The Company may
voluntarily terminate this Agreement "without cause" upon sixty (60) days prior
written notice to Employee, and Employee may voluntarily terminate this
Agreement "for good reason" upon sixty (60) days prior written notice to the
Company. For purposes hereof, the term "for good reason" shall include, but not
be limited to, the commission of any of the following by the Company: reduction
of Employee's minimum base salary; assignment to Employee of duties inconsistent
with his duties, responsibilities or status with the Company as Chief Financial
Officer and General Counsel; material change in Employee's reporting
responsibilities, title or office; movement of Employee's principal office for
his performance hereunder to a location more than fifteen miles from the
Company's existing executive offices; diminution in Employee's employee
benefits; failure to cure any Company breach of this Agreement within fifteen
(15) days following the Company's receipt from Employee of written notice of
such breach. In the event of such termination, all compensation (including
without limitation the Salary and any perquisites and fringe benefits, if any)
to which Employee would otherwise be entitled (for periods after the effective
date of the termination) shall be discontinued and forfeited as of the effective
date of such termination. Notwithstanding the foregoing, upon the occurrence of
such termination by the Company "without cause" or by Employee "for good reason"
(as such term is defined above) the following shall occur:

         (i) Employee shall be paid any and all accrued and unpaid Salary,
         bonuses and any and all unreimbursed expenses for periods prior and up
         to the effective date of termination, and Employee shall be paid the
         aggregate Salary that Employee would otherwise have been entitled to
         receive during the remaining term of this Agreement had Employee's
         employment not terminated;

         (ii) Employee shall be paid severance compensation equal to eighteen
         months of base Salary at the rate of base Salary in effect immediately
         preceding the date of termination;

         (iii) all unvested options granted pursuant to Section 4 hereof and all
         unvested options granted subsequent to the effective date of this
         Agreement shall immediately vest; and

         (iv) Employee shall receive from the Company, at the Company's expense,
         all benefits set forth in Section 3(e) for one (1) year following such
         termination; provided however, that during such period, should a third
         party provide any such benefit(s) to Employee, the Company's obligation
         pursuant to this paragraph to provide the benefit(s) being so provided
         by the third party shall be reduced by the amount and to the extent
         such benefit(s) is (are) provided to Employee by such third party.

         The Company shall pay the amounts set forth under paragraphs 5(b)(i)
and 5(b)(ii) above in a lump sum amount within thirty days after Employee's date
of termination of employment under this Section 5(b). Termination of Employee's
employment hereunder by reason of the death of Employee or the "permanent and
total disability" (as that term is defined and construed under Section 22(e)(3)
of the Internal Revenue Code of 1986, as amended, and any regulations or rulings
promulgated thereunder) of Employee shall be deemed termination of this
Agreement pursuant to this Section 5(b).

         (c) Termination Without Cause By Employee. Employee may voluntarily
without cause terminate this Agreement upon sixty (60) days prior written notice
to the Company. In the event of such termination (unless such termination is by
Employee "for good reason" as such term is defined above), all compensation
(including without limitation the Salary and all perquisites and fringe
benefits, but excluding any vested stock options) to which Employee would
otherwise be entitled for periods after the effective date of such termination
shall be discontinued and forfeited as of the effective date of such
termination.

         (d) Change in Control. Notwithstanding the operation of the other
provisions of this Section 5, upon any termination of this Agreement by the
Company following the occurrence of a

                                       -4-

<PAGE>   5

"Change in Control" as that term is defined in Section 4 hereof, the Company
shall be obligated to pay the amounts and provide the benefits set forth in
paragraphs (i) through (iv) of Section 5(b) hereof in accordance with the terms
of Section 5(b).

         The Company's obligations under Section 5(b) and Section 5(d) hereunder
shall survive the expiration of and any earlier termination of Employee's
employment hereunder.

         6. Confidentiality and Secrecy. Employee acknowledges that in and as a
result of Employee's employment hereunder, Employee will be making use of,
acquiring, and/or adding to confidential information of a special and unique
nature and value relating to the Company's business, including without
limitation technological knowhow, copyrights, proprietary information, trade
secrets, systems, procedures, manuals, confidential reports, records, lists of
customers and projects, the nature and type of services rendered by the Company,
the equipment and methods used and preferred by the Company's customers, and the
fees paid by them (all of which are deemed for all purposes confidential and
proprietary). As a material inducement to the Company to enter into this
Agreement and to pay to Employee the compensation stated in Sections 3 and 4,
Employee covenants and agrees that during the term of Employee's employment
hereunder, and for one (1) year after the expiration or earlier termination of
Employee's employment hereunder, Employee shall not without the prior written
consent of the Company, directly or indirectly, make use of, or disclose to any
person, any confidential information of the Company or its affiliates.

         7. Covenants Against Competition. Employee acknowledges and understands
that during the term of this Agreement, the Company intends to conduct its
operations on a nationwide basis which may involve all or substantially all of
the United States of America and various foreign countries. In view of the
unique value to the Company of the services of Employee for which the Company
has contracted hereunder, because of the confidential information to be obtained
by or disclosed to Employee, as hereinabove set forth, and because Employee's
employment hereunder will result in Employee's development of a unique
relationship with customers, suppliers, service providers and employees, as a
material inducement to the Company to enter into this Agreement and to pay to
Employee the compensation stated in Sections 3 and 4, Employee covenants and
agrees as follows:

         (a) During Employee's employment by the Company, and for a period
expiring on the date two (2) years after the earlier to occur of the expiration
of this Agreement or the earlier termination of Employee's employment hereunder
for any reason other than the Company's termination of Employee "without cause"
pursuant to Section 5(b) hereof or Employee's termination "for good reason"
pursuant to Section 5(b) hereof, Employee shall not directly or indirectly
solicit, divert or convert, or assist another person or entity to solicit,
divert or convert, customers or employees of the Company or an affiliate of the
Company to any other company or entity providing substantially the same or
competitive services or products as the Company or an affiliate of the Company.

         (b) During Employee's employment by the Company, and for a period
expiring on the date two (2) years after the earlier to occur of the expiration
of this Agreement or the earlier termination of Employee's employment hereunder
for any reason other than the Company's termination of Employee "without cause"
pursuant to Section 5(b) hereof or Employee's termination "for good reason"
pursuant to Section 5(b) hereof, Employee shall not within the geographic area
specified below engage in any business or perform any services, directly or
indirectly, in competition with the business of the Company or any affiliate of
the Company, or have any interest, whether as a proprietor, partner, employee,
controlling stockholder (directly or beneficially), principal, agent,
consultant, director, officer, or in any other capacity or manner whatsoever, in
any enterprise that shall so engage, or otherwise be a controlling person of, or
a member of a group that controls, such enterprise or be otherwise affiliated in
any capacity with such enterprise. The restrictions of this Section 7(b) shall
apply in every state, territory or other jurisdiction in which the Company is

                                       -5-

<PAGE>   6

conducting its operations or maintains an office or branch at any time during
the term of this Agreement.

         8. Reasonableness, Enforceability and Remedies.

         (a) Employee has carefully read and considered the provisions of
Sections 6, 7, and 8, and, having done so, agrees that the restrictions set
forth in these Sections, including, but not limited to, the time period of
restriction and geographic limitations set forth in Section 7, are fair and
reasonable and are reasonably required for the protection of the interests of
the Company and its officers, directors, shareholders, employees, and
affiliates.

         (b) In the event that, notwithstanding the foregoing, any of the
provisions of Sections 6, 7, or 8 or any parts thereof shall be held to be
invalid or unenforceable, the remaining provisions or parts thereof shall
nevertheless continue to be valid and enforceable as though the invalid or
unenforceable portions or parts had not been included therein. In the event that
any provision of Sections 6 or 7 relating to the time period and/or geographic
restrictions and/or related aspects shall be declared by a court of competent
jurisdiction to exceed the maximum restrictiveness such court deems reasonable
and enforceable, the time period and/or geographic restrictions and/or related
aspects deemed reasonable and enforceable by the court shall become and
thereafter be the maximum restriction in such regard, and the restriction shall
remain enforceable to the fullest extent deemed reasonable by such court.

         (c) Employee acknowledges that the services Employee is to render are
of a special and unusual character with a unique value to the Company, the loss
of which cannot adequately be compensated by damages in an action at law. In the
event of a breach or threatened breach by Employee of any of the provisions of
Sections 6 or 7, the Company, in addition to and not in limitation of, any other
rights, remedies, or damages available to the Company under this Agreement,
shall be entitled to a permanent injunction in order to prevent or restrain any
such breach by Employee or by Employee's partners, agents, representatives,
servants, employers, employees, consulting clients, and/or any and all persons
directly or indirectly acting for or with Employee.

         (d) Employee's obligations under Sections 6 and 7 shall survive the
expiration of and any earlier termination of Employee's employment hereunder.

         9. Notice. Any notice, request, approval, consent, demand or other
communication hereunder shall be effective if in writing and upon the first to
occur of the following: (i) upon receipt by the party to whom such notice,
request, approval, consent, demand or other communication is being given; or
(ii) three (3) business days after being duly deposited in the U.S. Mail,
certified, return receipt requested, and addressed as follows:

             Employee:            William S. McMaster
                                  230 Edisto Avenue
                                  Columbia, South Carolina 29205

             the Company:         Integrated Business Systems and Services, Inc.
                                  115 Atrium Way, Suite 228
                                  Columbia, South Carolina  29223
                                  ATTN: President

The parties hereto may change their respective addresses by notice in writing
given to the other party to this Agreement.

         10. Waiver. Any waiver by either party of any breach or any term or
condition hereof shall be effective only if in writing and such writing shall
not be deemed to be a waiver of any subsequent or other breach, term or
condition of this Agreement.

                                       -6-

<PAGE>   7

         11. Governing Law/Jurisdiction. The construction and interpretation of
this Agreement shall at all times and in all respects be governed by the laws of
the State of South Carolina. The parties hereby (i) agree that any litigation,
action or proceeding arising out of or relating to this Agreement may be
instituted in a state or federal court in the State of South Carolina, (ii)
waives any objection which it might have now or hereafter to any such
litigation, action or proceeding based upon improper venue or inconvenient
forum, and (iii) irrevocably submits to the jurisdiction of such courts in any
such litigation, action or proceeding. For all purposes of this Agreement, the
parties hereby further agree that service of process upon any party may be
effected pursuant to United States mail.

         12. Burden and Benefit. This Agreement shall be binding upon, and shall
inure to the benefit of, the Company and Employee, and their respective heirs,
personal and legal representatives, successors, and permitted assigns.

         13. Assignment/Modification/Severability. This Agreement and any rights
hereunder are personal to Employee and shall not be assigned or otherwise
transferred by Employee. Subject to the rights of Employee under Section 5
hereunder, the Company shall be entitled to assign this Agreement to any
corporation controlled by the Company. This Agreement can only be modified by a
written agreement duly signed by authorized representatives of the parties
hereto. The provisions of this Agreement shall be deemed severable, and the
invalidity or unenforceability of any one or more of the provisions of this
Agreement shall not affect the validity and enforceability of the other
provisions. Without limiting the generality of the foregoing or of Section 8,
each provision, sub-provision, part, and sub-part of Sections 7 or 8 shall be
deemed severable.

         14. Usage. The section and paragraph headings contained in this
Agreement are for reference purposes only and shall not affect in any way the
meaning or interpretation of this Agreement. Terms such as "hereof",
"hereunder", "hereto", "herein", and words of similar import shall refer to this
Agreement in its entirety and all references shall refer to specified portions
of this Agreement, unless the context clearly requires otherwise.

         15. Entire Agreement. This Agreement contains the entire agreement and
understanding by and between the Company and Employee with respect to the
subject matter hereof and supersedes all prior and contemporaneous written or
oral agreements (other than the agreements contemplated in Section 4 hereof) and
representations between the parties with respect thereto.

         16. No Inference Against Author. No provision of this Agreement shall
be interpreted against any party because such party or its legal representative
drafted such provision.

         IN WITNESS WHEREOF, the Company and Employee have duly executed this
Agreement under seal to be effective as of the day and year first above written.

                             EMPLOYEE:

                                                       (SEAL)
                             /s/ WILLIAM S. MCMASTER
                             ---------------------------
                             William Spencer McMaster

                             INTEGRATED BUSINESS SYSTEMS AND SERVICES, INC.

                                                       (SEAL)
                             By: /s/ HARRY P. LANGLEY
                                 -----------------------
                                 Harry P. Langley
                                 President and Chief Executive Officer

                                       -7-<PAGE>   1
                                                                   EXHIBIT 10.12

                 INTEGRATED BUSINESS SYSTEMS AND SERVICES, INC.
                            2001 STOCK INCENTIVE PLAN

1.       PURPOSES

         1.1.     The purposes of the Integrated Business Systems and Services,
Inc. 2001 Stock Incentive Plan are to (i) provide an incentive and reward to
directors and employees of the Company, and consultants and advisors to the
Company, who are and have been in a position to contribute materially to
improving the Company's profits, (ii) aid in the growth of the Company, and
(iii) encourage ownership of Shares by directors and employees.

2.       DEFINITIONS

         2.1.     For purposes of this Plan the following terms shall have the
definition which are attributed to them below, unless another definition is
clearly indicated by a particular usage and context.

                  (A)      "Agreement" means the written document issued by the
         Committee to a Participant whereby an Award is made to that
         Participant.

                  (B)      "Award" means the issuance pursuant to this Plan of
         an Option, an SAR or Restricted Stock.

                  (C)      "Awarded Shares" means Shares subject to outstanding
         Awards.

                  (D)      "Board" means the Company's Board of Directors.

                  (E)      "Cause" means theft or destruction of property of the
         Company, a Parent or Subsidiary, disregard of Company rules or
         policies, or conduct evidencing willful or wanton disregard of the
         interest of the Company. Such determination shall be made by the
         Committee based on information presented by the Company and the
         Participant and shall be final and binding on all parties to the
         Agreement.

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

                  (G)      "Committee" means the Stock Incentive Plan
         Committee(s) appointed by the Board pursuant to Section 3.1.

                  (H)      "Company" means Integrated Business Systems and
         Services, Inc., a corporation incorporated under the laws of the state
         of South Carolina, and any successor thereto.
<PAGE>   2

                  (I)      "Consultant" means any person or entity that provides
         services to the Company as a consultant or advisor.

                  (J)      "Director" means any individual appointed or elected
         to the Board.

                  (K)      "Effective Date of Grant" means the effective date on
         which the Committee makes an Award.

                  (L)      "Employee" means any individual who performs services
         as a common law employee for the Company, a Parent or Subsidiary, and
         is included on the regular payroll of the Company, a Parent or
         Subsidiary.

                  (M)      "Fair Market Value" means the value established by
         the Committee based upon such factors as the Committee in its sole
         discretion shall decide including, but not limited to, a valuation
         prepared by an independent third party appraiser selected or approved
         by the Committee. If at any time the Shares are traded on an
         established trading system, it means the last sale price reported on
         any stock exchange or over-the counter trading system on which Shares
         are trading on a specified date or, if not so trading, the average of
         the closing bid and asked prices for a Share on a specified date. If no
         sale has been made on the specified date, then prices on the last
         preceding day on which any such sale shall have been made shall be used
         in determining fair market value under either method prescribed in the
         previous sentence.

                  (N)      "Incentive Stock Option" means any option granted
         under this Plan which meets the requirements of Code ss.422A and any
         regulations or rulings promulgated thereunder and is designated by the
         Committee as an Incentive Stock Option.

                  (O)      "Nonqualified Stock Option" means any Option granted
         under this Plan which is not an Incentive Stock Option.

                  (P)      "Option" means the right to purchase from the Company
         a stated number of Shares at a specified price.

                  (Q)      "Option Price" means the purchase price per Share
         subject to an Option and shall be fixed by the Committee.

                  (R)      "Parent" means any corporation (other than the
         Company) in an unbroken chain of corporations ending with the Company
         if, at the time of the granting of the Award, each of the corporations
         (other than the Company) owns stock possessing 50% or more of the total
         combined voting power of all classes of stock in one of the other
         corporations in such chain within the meaning of Code ss.425(e) and any
         regulations or rulings promulgated thereunder.

                  (S)      "Participant" means a Director, an Employee or a
         Consultant who has received an Award under this Plan.

                  (T)      "Permanent and Total Disability" shall have the same
         meaning as given to that term by Code ss.22(e)(3) and any regulations
         or rulings promulgated thereunder.

                                        2
<PAGE>   3

                  (U)      "Plan" means this Integrated Business Systems and
         Services, Inc. 2001 Stock Incentive Plan, as evidenced herein and as
         amended from time to time.

                  (V)      "Restricted Stock" means Shares issued to the
         Participant pursuant to Section 9 which are subject to the restrictions
         of this Plan and the Agreement.

                  (W)      "Restriction Period" means a period commencing on the
         Effective Date of Grant and ending on such date or upon the achievement
         of such performance or other criteria as the Committee shall determine.
         The Restriction Period may, in the sole discretion of the Committee, be
         structured to provide for a release of restrictions in installments.

                  (X)      "SAR" means stock appreciation rights issued to a
         Participant pursuant to Section 8.

                  (Y)      "SAR Price" means the base value established by the
         Committee for an SAR on the Effective Date of Grant used in determining
         the amount of benefit, if any, paid to a Participant.

                  (Z)      "Share" means one share of the common stock of the
         Company.

                  (AA)     "Subsidiary" means any corporation in an unbroken
         chain of corporations beginning with the Company if, at the time of the
         granting of the Award, each of the corporations (other than the last
         corporation) in the unbroken chain owns stock possessing 50% or more of
         the total combined voting power of all classes of stock in one of the
         other corporations in such chain, within the meaning of Code ss. 425(f)
         and any regulations or rulings promulgated thereunder.

                  (bb)     "1933 Act" means the Securities Act of 1933, as
         amended.

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

3.       ADMINISTRATION

         3.1.     This Plan shall be administered by a Committee, or by more
than one Committee if desired and deemed necessary by the Board in order to
provide separate Committee authority for the granting of Awards to separate
categories of eligible Participants. Any such Committee shall consist of not
less than two members. The members of the Committee shall be appointed by the
Board. The Board may from time to time remove members from or add members to the
Committee. Vacancies on the Committee, howsoever caused, shall be filled by the
Board.

         3.2.     The action of a majority of the Committee at which a quorum is
present, or an action approved in writing by a majority of the Committee, shall
be the valid action of the Committee.

         3.3.     The Committee shall from time to time at its discretion
designate the Directors, Employees and Consultants who shall be Participants,
determine all the terms and conditions as set forth in Section 6.1 or otherwise,
including the type of Award to be made to each, the exercise

                                        3
<PAGE>   4
period, expiration date and other applicable time periods for each Award, the
number of Shares subject to each Award, with respect to each Option whether it
is an Incentive Stock Option or Nonqualified Stock Option and, if applicable,
the Option Price or SAR Price and the general terms of the Award.

         3.4.     The interpretation and construction by the Committee of any
provisions of this Plan or of any Option granted under it and all actions of the
Committee shall be final and binding on all parties hereto. No member of the
Board or the Committee shall be liable for any action or determination made in
good faith with respect to this Plan or any Award granted under it.

4.       ELIGIBILITY

         4.1.     Each Participant shall be a Director, an Employee or a
Consultant of the Company, a Parent or a Subsidiary as selected by the Committee
in its sole discretion from time to time.

         4.2.     A Participant may hold more than one Award, but only on the
terms and subject to the restrictions set forth in this Plan.

5.       SHARES SUBJECT TO AWARD

         5.1.     The securities subject to the Awards shall be 600,000 Shares.
Such number shall be adjusted as appropriate in order to give effect to changes
made in the number of outstanding Shares as a result of a merger, consolidation,
recapitalization, reclassification, combination, stock dividend, stock split, or
other relevant change.

         5.2.     In the event that any outstanding Award under this Plan
expires or is terminated for any reason, the Awarded Shares subject to that
Award may again be the subject of an Award under this Plan.

6.       TERMS AND CONDITIONS

         6.1.     Awards granted pursuant to this Plan shall be authorized by
the Committee under terms and conditions approved by the Committee and shall be
evidenced by Agreements in such form as the Committee shall from time to time
approve, which Agreements shall contain or shall be subject to the following
terms and conditions, whether or not such terms and conditions are specifically
included therein:

                  (A)      Number of Shares. Each Award shall state the number
         of Shares to which it pertains.

                  (B)      Date. Each Award shall state the Effective Date of
         Grant.

                  (C)      Price. With respect to each Award or portion thereof,
         which requires payment of an Option Price, it shall state the Option
         Price. With respect to an SAR, it shall state the SAR Price.

                                        4
<PAGE>   5

                  (D)      Method and Time of Payment. With respect to an Award,
         or portion thereof, which requires payment of an Option Price, the
         Option Price shall be payable on the exercise of the Award and shall be
         paid in (i) cash, (ii) Shares, including Shares acquired pursuant to
         this Plan, or (iii) part in cash and part in Shares. Shares transferred
         in payment of the Option Price shall be valued as of date of transfer
         based on their Fair Market Value.

                  (E)      Transfer of Option or Stock. No Award, Option, SAR,
         or Restricted Stock (prior to the expiration of the Restriction Period)
         shall be transferable by the Participant, except by will or the laws of
         descent and distribution upon the Participant's death and subject to
         any other limitations of this Plan. In addition to any other
         restriction hereunder or otherwise provided in the Agreement with the
         Participant, no Shares acquired pursuant to an Award of any type may be
         sold, transferred or otherwise disposed of prior to the end of the six
         month period which begins on the Effective Date of Grant of such Award.

                  (F)      Recapitalization. The Committee shall make
         appropriate adjustments in the number of Awarded Shares or in the
         Option Price or SAR Price in order to give effect to changes made in
         the number of outstanding Shares as a result of a merger,
         consolidation, recapitalization, reclassification, combination, stock
         dividend, stock split, or other relevant change.

                  (G)      Investment Purpose.

                           (a)      The Company shall not be obligated to sell
                  or issue any Shares pursuant to any Award unless such Shares
                  are at that time effectively registered or exempt from
                  registration under the 1933 Act. The determination of whether
                  a Share is exempt from registration shall be made by the
                  Company's legal counsel and its determination shall be
                  conclusive and binding on all parties to the Agreement.

                           (b)      Notwithstanding anything in this Plan to the
                  contrary, each Award under this Plan shall be granted on the
                  condition that the purchases of Shares thereunder shall be for
                  investment purposes and not with a view for resale or
                  distribution except that in the event the Shares subject to
                  such Award are registered under the 1933 Act, or in the event
                  of a resale of such Shares without such registration that
                  would otherwise be permissible, such condition shall be
                  inoperative if in the opinion of counsel for the Company such
                  condition is not required under the 1933 Act or any other
                  applicable law, regulation, or rule of any governmental
                  agency.

                  (H)      Other Provisions. Awards authorized under this Plan
         may contain any other provisions or restrictions as the Committee in
         its sole and absolute discretion shall deem advisable including, but
         not limited to:

                           (a)      Offering Options in tandem with or reduced
                  by other Options, SARs or other employee benefits and reducing
                  one Award by the exercise of another Option, SAR or benefit;
                  or

                           (b)      Providing for the issuance to the
                  Participant upon exercise of an Option and payment of the
                  exercise price thereof with previously owned Shares, of an
                  additional

                                        5
<PAGE>   6

                  Award for the number of shares so delivered, having such other
                  terms and conditions not inconsistent with this Plan as the
                  Committee shall determine.

                  (I)      Duration of Award. Each Award shall be for a term of
         up to ten years from the Effective Date of Grant as determined in the
         sole discretion of the Committee.

         6.2.     The Company may place such legends on stock certificates
representing the Shares as the Company, in its sole discretion, deems necessary
or appropriate to reflect restrictions under this Plan, the Agreement, the Code,
the securities laws or otherwise.

         6.3.     Notwithstanding any provision herein to the contrary,
employment shall be at the pleasure of the Board, of its designees, of the
Company, a Parent or Subsidiary, as the case may be, at such compensation as the
appropriate board or designee shall determine. Nothing contained in this Plan or
in any Award granted pursuant to it shall confer upon any Participant any right
to continue in the employ of the Company, Parent or Subsidiary, as the case may
be, or to interfere in any way with the right of the Company, Parent or
Subsidiary to terminate employment at any time. So long as the Participant shall
continue to be a Director, an Employee or a Consultant, the Award shall not be
affected by any change of the Participant's duties or position except to the
extent the Agreement with the Participant provides otherwise.

         6.4.     Any person entitled to exercise an Option or an SAR may do so
in whole or in part by delivering to the Company at its principal office,
attention Corporate Secretary, a written notice of exercise. The written notice
shall specify the number of Shares for which an Option or SAR is being
exercised.

              (A) With respect to an Option, the notice shall be accompanied by
       full payment of the Option Price for the Shares being purchased.

              (B) During the Participant's lifetime, an Option or SAR may be
       exercised only by the Participant, or on the Participant's behalf by the
       Participant's legal guardian.

7.       INCENTIVE STOCK OPTIONS AND NONQUALIFIED STOCK OPTIONS

         7.1.     The Committee in its sole discretion may designate whether an
Award to an Employee is to be considered an Incentive Stock Option or a
Nonqualified Stock Option. AN AWARD TO A NON- EMPLOYEE DIRECTOR OR CONSULTANT
MAY BE ONLY A NONQUALIFIED STOCK OPTION. The Committee may grant both an
Incentive Stock Option and a Nonqualified Stock Option to the same Employee.
However, where both an Incentive Stock Option and a Nonqualified Stock Option
are awarded at one time, such Awards shall be deemed to have been awarded in
separate grants, shall be clearly identified, and in no event will the exercise
of one such Award affect the right to exercise the other such Award except to
the extent the Agreement with the Participant provides otherwise.

         7.2.     Any Award to an Employee designated by the Committee as an
Incentive Stock Option will be subject to the general provisions applicable to
all Awards granted under this Plan. In addition, the aggregate Fair Market Value
of Shares (determined at the Effective Date of Grant) with respect to which
Incentive Stock Options granted under all Incentive Stock Option Plans of the
Company,

                                        6
<PAGE>   7
a Parent or Subsidiary, are exercisable by the Employee for the first time
during any calendar year shall not exceed $100,000.

         7.3.     The Option Price shall be established by the Committee in its
sole discretion. With respect to an Incentive Stock Option, the Option Price
shall not be less than 100% of the Fair Market Value of a Share on the Effective
Date of Grant. With respect to a Nonqualified Stock Option, the Option Price
shall not be less than 50% of the Fair Market Value of a Share on the Effective
Date of Grant.

         7.4.     Any Award to an Employee will be considered to be a
Nonqualified Stock Option to the extent that any or all of the grant is in
conflict with Section 7.2 or with any requirement for Incentive Stock Options
pursuant to Code ss.422A and the regulations issued thereunder.

         7.5.     An Option may be terminated as follows:

                  (A)      During the period of continuous employment with the
         Company, Parent or Subsidiary, an Option will be terminated only if it
         has been fully exercised or it has expired by its terms.

                  (B)      Upon termination of employment, the Option will
         terminate upon the earliest of (i) the full exercise of the Option (ii)
         the expiration of the Option by its terms, and (iii) not more than
         three months following the date of employment termination; provided,
         however, should termination of employment (A) result from the death or
         Permanent and Total Disability of the Participant, such period shall be
         one year or (B) be for Cause, the Option will terminate on the date of
         employment termination. For purposes of this Plan, a leave of absence
         approved by the Company shall not be deemed to be termination of
         employment except with respect to an Incentive Stock Option as required
         to comply with Code ss.422A and the regulations issued thereunder.

                  (C)      Subject to the terms of the Agreement with the
         Participant, if a Participant shall die or becomes subject to a
         Permanent and Total Disability prior to the termination of employment
         with the Company, Parent or Subsidiary and prior to the termination of
         an Option, such Option may be exercised to the extent that the
         Participant shall have been entitled to exercise it at the time of
         death or disability, as the case may be, by the Participant, the estate
         of the Participant or the person or persons to whom the Option may have
         been transferred by will or by the laws of descent and distribution.

         7.6.     Except as otherwise expressly provided in the Agreement with
the Participant, in no event will the continuation of the term of an Option
beyond the date of termination of employment allow the Participant, or the
beneficiaries or heirs of the Participant, to accrue additional rights under
this Plan, or to purchase more Shares through the exercise of an Option than
could have been purchased on the day that employment was terminated.

         7.7.     A Participant shall have no rights as a stockholder with
respect to any Shares subject to an Option until the date of the issuance of a
stock certificate to such Participant for such Shares. No adjustment shall be
made for dividends (ordinary or extraordinary, whether in cash, securities or
other

                                        7
<PAGE>   8
property) or distributions or other rights for which the record date is prior
to the date such stock certificate is issued, except as provided in Section
6.1.(f).

         7.8.     The continuous employment of a Consultant will be deemed
terminated for purposes of this Plan upon receipt of written notice from the
Company to the effect that the Company will no longer transact business with the
Consultant.

8.       STOCK APPRECIATION RIGHTS

         8.1.     The Committee, in its sole discretion, may grant to a
Participant an SAR.

         8.2.     The SAR Price shall be established by the Committee in its
sole discretion. The SAR Price shall not be less than 100% of Fair Market Value
of a Share on the Effective Date of Grant for a SAR issued in tandem with an
Incentive Stock Option and for other SARs, shall not be less than 50% of Fair
Market Value of a Share on the Effective Date of Grant.

         8.3.     Upon exercise of an SAR, the Participant shall be entitled,
subject to the terms and conditions of this Plan and the Agreement, to receive
the excess for each Share being exercised under the SAR (i) the Fair Market
Value of a Share on the date of exercise over (ii) the SAR Price for such Share.

         8.4.     At the sole discretion of the Committee, the payment of such
excess shall be made in (i) cash, (ii) Shares, or (iii) a combination of cash
and Shares. Shares used for this payment shall be valued at their Fair Market
Value on the date of exercise of the applicable SAR.

         8.5.     An Award of an SAR shall be considered an Award for purposes
of the number of Shares subject to an Award pursuant to Section 5.1, unless the
Agreement making the Award of the SAR provides that the exercise of an SAR
results in the termination of an unexercised Option for the same number of
Shares.

         8.6.     An SAR may be terminated as follows:

                  (A)      During the period of continuous employment with the
         Company, Parent or Subsidiary, an SAR will be terminated only if it has
         been fully exercised or it has expired by its terms.

                  (B)      Upon termination of employment, the SAR will
         terminate upon the earliest of (i) the full exercise of the SAR (ii)
         the expiration of the SAR by its terms, and (iii) not more than three
         months following the date of employment termination; provided, however,
         should termination of employment (I) result from the death or Permanent
         and Total Disability of the Participant, such three month period shall
         be one year or (II) be for Cause, the SAR will terminate on the date of
         employment termination. For purposes of this Plan, a leave of absence
         approved by the Company shall not be deemed to be termination of
         employment unless otherwise provided in the Agreement or by the Company
         on the date of the leave of absence.

                                        8
<PAGE>   9

                  (C)      Subject to the terms of the Agreement with the
         Participant if a Participant shall die or becomes subject to a
         Permanent and Total Disability prior to the termination of employment
         with the Company, Parent or Subsidiary and prior to the termination of
         an SAR, such SAR may be exercised to the extent that the Participant
         shall have been entitled to exercise it at the time of death or
         disability, as the case may be, by the Participant, the estate of the
         Participant or the person or persons to whom the SAR may have been
         transferred by will or by the laws of descent and distribution.

                  (D)      Except as otherwise expressly provided in the
         Agreement with the Participant, in no event will the continuation of
         the term of an SAR beyond the date of termination of employment allow
         the Employee, or his beneficiaries or heirs, to accrue additional
         rights under this Plan, have additional SARs available for exercise or
         to receive a higher benefit than the benefit payable as if the SAR was
         exercised on the date of employment termination.

         8.7.     If an SAR which was considered an Award for purposes of
Section 8.5 is terminated or unexercised for any reason, the number of Shares of
such SAR that were unexercised shall be again available for Award under this
Plan.

         8.8.     The Participant shall have no rights as a stockholder with
respect to an SAR. In addition, no adjustment shall be made for dividends
(ordinary or extraordinary, whether in cash, securities or other property) or
distributions or rights except as provided in Section 6.1.(f).

9.       RESTRICTED STOCK

         9.1.     The Committee may award to a Participant Restricted Stock
under such terms or conditions as the Committee, in its sole discretion, shall
determine and as otherwise provided herein.

         9.2.     Restricted Stock shall be Shares which are subject to a
Restriction Period.

         9.3.     Should the Participant terminate employment for any reason,
all Restricted Stock which is still subject to the Restriction Period shall be
forfeited and returned to the Company for no payment.

         9.4.     Upon such forfeiture, shares representing such forfeited
restricted Stock shall obtain become available for Award under the Plan.

         9.5.     The Committee may require under such terms and conditions as
it deems appropriate or desirable that the certificates for Restricted Stock
awarded under this Plan may be held by the Company or its designee until the
Restriction Period expires. In addition, the Committee may place upon such
certificate such legend as the Committee deems necessary or appropriate and may
require as a condition of any receipt of Restricted Stock that the Participant
shall deliver a stock power endorsed in blank relating to the Restricted Stock.

                                        9
<PAGE>   10

10.      AMENDMENT OR DISCONTINUANCE OF PLAN

                                       10
<PAGE>   11

         10.1.    The Board may at any time amend, suspend, or discontinue this
Plan; provided, however, that without further approval of the shareholders of
the Company no amendments by the Board shall:

                  (A)      Change the class of Employees eligible to
         participate; or

                  (B)      Except as provided in Section 5, increase the number
         of Shares which may be subject to Options granted under this Plan.

         10.2.    No amendment to this Plan shall alter or impair any Award
granted under this Plan without the consent of the holder of such Award.

11.      INDEMNIFICATION OF COMMITTEE

         In addition to such other rights of indemnification as they may have as
Directors or as members of the Committee, the members of the Committee shall be
indemnified by the Company against the reasonable expenses, including attorneys'
fees, actually incurred in connection with the defense of any pending,
threatened or possible action, suit or proceeding, or in connection with any
pending, threatened or possible appeal therein, to which they or any of them may
be a party by reason of any actual or alleged action taken or failure to act
under or in connection with this Plan or any option granted thereunder, and
against all amounts paid by them in settlement thereof (provided such settlement
is approved by the Company) or paid by them in satisfaction of a judgment in any
such action, suit or proceeding, except in relation to matters as to which it
shall be adjudged in such action, suit or proceeding that such Committee member
is liable for gross negligence or willful misconduct in the performance of his
duties: provided that within sixty days after institution of any such action,
suit or proceeding a Committee member shall in writing offer the Company the
opportunity, at its own expense, to handle and defend the same.

12.      NO OBLIGATION TO EXERCISE OPTION OR SAR

         The granting of an Option or SAR shall impose no obligation upon the
Participant to exercise such Option.

13.      EFFECTIVE DATE; DURATION OF PLAN

         13.1.    This Plan shall become effective as of February 23, 2001.

         13.2.    No Award may be made after the tenth anniversary of the
effective date of this Plan.

14.      EFFECT OF PLAN

         The making of an Award under this Plan shall not give the Participant
any right to similar grants in future years or any right to be retained in the
employ of the Company, the Parent or a Subsidiary, but a Participant shall
remain subject to discharge to the same extent as if this Plan were not in
effect.

15.      CHANGE IN CONTROL

                                       11
<PAGE>   12

         15.1.    Treatment of Outstanding Awards. Upon the occurrence of a
Change In Control, as defined below, unless otherwise specifically prohibited
under applicable laws, or by the rules and regulations of any governmental
agencies or national securities exchanges, or by the express provisions of any
Agreement, (a) each Option and each SAR then outstanding hereunder that is not
otherwise exercisable shall become immediately and fully exercisable, and shall
remain exercisable throughout their entire term, notwithstanding any provision
in the Agreement relating to such Option or SAR for the exercise of such Option
or SAR in installments or otherwise pursuant to a vesting schedule, and (b) any
Restriction Period and restrictions imposed on Restricted Stock shall lapse.

         15.2.    Change in Control Defined. For purposes of this Section, a
Change In Control shall mean that any of the following events shall have
occurred:

                  (i)      A person, partnership, joint venture, corporation or
                  other entity, or two or more of any of the foregoing acting as
                  a group (or a "person" within the meaning of Section 13(d)(3)
                  of the 1934 Act), other than the Company, a majority-owned
                  subsidiary of the Company, an employee benefit plan (or
                  related trust) of the Company or such subsidiary, become(s)
                  after the effective date of this Plan the "beneficial owner"
                  (as defined in Rule 13(d)(3) under the 1934 Act) of 25% or
                  more of the then outstanding voting stock of the Company;

                  (ii)     During any period of two consecutive years,
                  individuals who at the beginning of such period constitute the
                  Company's Board of Directors (together with any new director
                  whose election by the Company's Board of Directors or whose
                  nomination for election by the Company's shareholders, was
                  approved by the vote of at least two-thirds of the directors
                  then still in office who either were directors at the
                  beginning of such period or whose election or nomination for
                  election was previously so approved) cease for any reason to
                  constitute a majority of the directors then in office;

                  (iii)    The Company's Board of Directors determines that a
                  tender offer for the Company's shares indicates a serious
                  intention by the offeror to acquire control of the Company; or

                  (iv)     The Shareholders of the Company approve (a) a plan of
                  complete liquidation of the Company; or (b) an agreement for
                  the sale or disposition of all or substantially all of the
                  Company's assets; or (c) a merger, consolidation, or
                  reorganization of the Company with or involving any other
                  corporation, other than a merger, consolidation, or
                  reorganization that would result in the voting securities of
                  the Company outstanding immediately prior thereto continuing
                  to represent (either by remaining outstanding or by being
                  converted into voting securities of the surviving entity) at
                  least seventy-five percent (75%) of the combined voting power
                  of the voting securities of the Company (or such surviving
                  entity) outstanding immediately after such merger,
                  consolidation or reorganization.

         15.3.    Termination, Amendment and Modifications of Change in Control
Provisions. Notwithstanding any other provision of this Plan or any Agreement,
the provisions of this Section may not be terminated, amended or modified on or
after the effective date of a Change in Control to affect adversely the
operation of any Award theretofore granted under the Plan without the prior
written consent of the Participant with respect to said Participant's
outstanding Awards.

                                       12
<PAGE>   13

16.      SUCCESSORS; CONSOLIDATION, MERGER AND OTHER EVENTS

         16.1.    All obligations of the Company under this Plan or any
Agreement with respect to any Award 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 of all or substantially all of the business
and/or assets of the Company, or a merger, consolidation or otherwise.
Specifically, in case of any capital reorganization of the Company, or of any
reclassification of any Shares (other than a change as a result of subdivision
or combination), or in case of the consolidation of the Company with or the
merger of the Company with any other corporation (other than a consolidation or
merger in which (i) the Company is the continuing corporation and (ii) the
holders of the Shares immediately prior to such merger or consolidation continue
as holders of Shares after such merger or consolidation) or of the sale of the
properties and assets of the Company as, or substantially as, an entirety to any
other corporation, each Option and each SAR then outstanding shall after such
reorganization, reclassification, consolidation, merger or sale be exercisable,
upon the terms and conditions specified herein and in the Agreement relating to
such Option or SAR, for or with respect to the number of Shares or other
securities or property to which a holder of the number of Shares relating to
such Option or SAR (at the time of such reorganization, reclassification,
consolidation, merger or sale) upon exercise of such Option or SAR would have
been entitled in connection with such reorganization, reclassification,
consolidation, merger or sale; and in any such case, if necessary, the
provisions set forth in this Section with respect to the rights and interests
thereafter of the holder of the Option or SAR shall be appropriately adjusted so
as to be applicable, as nearly as may reasonably be, to any shares of stock or
other securities or property thereafter deliverable on the exercise of the
Option or SAR.

                                       13
<PAGE>   14
                        INCENTIVE STOCK OPTION AGREEMENT

         This Agreement, dated as of ___________, implements the grant of an
incentive stock option pursuant to action of the committee ("Committee")
appointed by the Board of Directors ("Board") of Integrated Business Systems and
Services, Inc. ("Company") to ("Optionee") subject to the terms and conditions
of the Integrated Business Systems and Services, Inc. 2001 Stock Incentive Plan
("Plan") and the terms and conditions set forth below. Terms defined in the Plan
shall have the same meaning herein as in the Plan.

         The Committee desires to afford the Optionee the opportunity to acquire
Shares of the Company's common stock so the Optionee has a proprietary interest
in the Company, and the Optionee desires the opportunity to acquire Shares.
Accordingly, the Company and the Optionee agree as follows:

1.       Grant of Option and Purchase Price. The Company, pursuant to action of
the Committee, grants to the Optionee an Option to purchase _______________
Shares at a price of $ ______________ per share ("Option Price"), which has been
determined to be not less than the Fair Market Value of a Share on the date of
grant of this option.

2.       Expiration of the Option. This Option shall expire ("Expiration Date")
on the earlier of (i) _________________ (_______________) years from the date
hereof; (ii) three months after the Optionee ceases to be an Employee of the
Company, a Parent or a Subsidiary (twelve months if termination of employment is
due to the Optionee's death or the Optionee having incurred a Permanent and
Total Disability or the date of termination of employment, if termination of
employment is due to Cause); (iii) the date this Option is fully exercised; or
(iv) the date mutually agreed to by the Committee and the Optionee.

3.       Exercise of Option

         3.1.     Subject to any other conditions herein, this Option shall vest
on the _________ anniversary date of this Agreement. The Optionee's vested
percentage of the total grant hereunder shall be fixed as of the date the
Optionee is no longer an Employee of the Company, a Subsidiary or a Parent and
shall not increase during the additional period, if any, during which this
Option may be exercised under Section 2, 2 hereof. Vested portions of this
Option may be exercised at any time, in whole or in part, before the Expiration
Date.

         3.2.     This Option may be exercised by mailing or delivering to
Integrated Business Systems and Services, Inc., Attention: Corporate Secretary,
115 Atrium Way, Suite 228, Columbia, South Carolina 29223, (i) a written signed
notice of such exercise which specifies the Effective Grant Date of this Option,
and the number of Shares being purchased, and (ii) payment for such Shares by
check (which clears in due course) payable to Integrated Business Systems and
Services, Inc. and/or by surrender of Shares previously owned by the Optionee
valued at the Fair Market Value thereof on the date received by the Company. The
Option shall be deemed exercised and the Shares purchased thereby shall be
deemed issued as of the date such payment is received by the Company.
<PAGE>   15

4.       Non-transferability of Option. This Option shall not be transferable by
the Optionee other than by will or the laws of descent and distribution and
shall be exercisable during the Optionee's lifetime only by the Optionee.

5.       Adjustment in Shares Subject to the Option. The Committee will make
appropriate adjustments in the number of Shares subject to this Option or the
Option Price in order to give effect to changes made in the number of
outstanding Shares as a result of a merger, consolidation, recapitalization,
reclassification, combination, stock dividend, stock split, or other relevant
change.

6.       Rights as Shareholder or Employee.

         6.1.     This Option shall not entitle the Optionee to any rights as a
shareholder of the Company with respect to any Shares subject to this Option
until it has been exercised and any such Shares issued.

         6.2.     This Option does not confer upon the Optionee any right with
respect to continuation of employment by the Company or a Subsidiary, nor does
it in any way interfere with or affect Optionee's right, the Company's right or
a Subsidiary's right to terminate such employment at any time.

7.       Withholding. The Committee will make whatever arrangements the Company
deems necessary or appropriate to comply with all applicable tax withholding
requirements. The Committee and the Company shall have no obligation to deliver
a certificate evidencing the Shares purchased upon exercise of the Option unless
and until tax withholding arrangements satisfactory to the Company are made. The
Optionee's failure to comply with the required withholding arrangements shall
result in a forfeiture of any benefits hereunder.

8.       Entire Agreement. This Agreement, together with the provisions of the
Plan which are incorporated herein by reference, constitutes the entire
Agreement between the Optionee and the Company with respect to the Option
granted hereunder.

9.       Applicable Law. The Plan and this Agreement shall be governed by the
laws of the State of South Carolina.

                                 INTEGRATED BUSINESS SYSTEMS AND SERVICES, INC.

                                 By:
                                    ------------------------------------------

                                     Its:
                                         -------------------------------------

                                 ---------------------------------------------
                                 Optionee (Signature)

                                 ---------------------------------------------
                                 Optionee (Please print full name)

                                        2
<PAGE>   16

                       NONQUALIFIED STOCK OPTION AGREEMENT

         This Agreement, dated as of __________, implements the grant of a
nonqualified stock option pursuant to action of the committee ("Committee")
appointed by the Board of Directors ("Board") of Integrated Business Systems and
Services, Inc. ("Company") to ("Optionee") subject to the terms and conditions
of the Integrated Business Systems and Services, Inc. 2001 Stock Incentive Plan
("Plan") and the terms and conditions set forth below. Terms defined in the Plan
shall have the same meaning herein as in the Plan.

       The Committee desires to afford the Optionee the opportunity to acquire
Shares of the Company's common stock so the Optionee has a proprietary interest
in the Company, and the Optionee desires the opportunity to acquire Shares.
Accordingly, the Company and the Optionee agree as follows:

1.       Grant of Option and Purchase Price. The Company, pursuant to action of
the Committee, grants to the Optionee an Option to purchase ______________
Shares at a price of $_________________ per share ("Option Price"), which has
been determined to be not less than the Fair Market Value of a Share on the date
of grant of this option.

2.       Expiration of the Option. This Option shall expire ("Expiration Date")
on the earlier of (i) _______________ (__________) years from the date hereof;
(ii) three months after the Optionee ceases to be a Director, an Employee or a
Consultant of the Company, a Parent or a Subsidiary (twelve months if
termination of employment is due to the Optionee's death or the Optionee having
incurred a Permanent and Total Disability or the date of termination of
employment, if termination of employment is due to Cause); (iii) the date this
Option is fully exercised; or (iv) the date mutually agreed to by the Committee
and the Optionee.

3.       Exercise of Option

         3.1.     Subject to any other conditions herein, this Option shall vest
on the _________ anniversary date of this Agreement. The Optionee's vested
percentage of the total grant hereunder shall be fixed as of the date the
Optionee is no longer a Director, an Employee or a Consultant of the Company, a
Subsidiary or a Parent and shall not increase during the additional period, if
any, during which this Option may be exercised under Section 2, 2 hereof. Vested
portions of this Option may be exercised at any time, in whole or in part,
before the Expiration Date.

         3.2.     This Option may be exercised by mailing or delivering to
Integrated Business Systems and Services, Inc., Attention: Corporate Secretary,
115 Atrium Way, Suite 228, Columbia, South Carolina 29223, (i) a written signed
notice of such exercise which specifies the Grant Effective Date of this Option,
and the number of Shares being purchased, and (ii) payment for such Shares by
check (which clears in due course) payable to Integrated Business Systems and
Services, Inc. and/or by surrender of Shares previously owned by the Optionee
valued at the Fair Market Value thereof on the date received by the Company. The
Option shall be deemed exercised and the Shares purchased thereby shall be
deemed issued as of the date such payment is received by the Company.
<PAGE>   17

4.       Non-transferability of Option. This Option shall not be transferable by
the Optionee other than by will or the laws of descent and distribution and
shall b exercisable during the Optionee's lifetime only by the Optionee.

5.       Adjustment in Shares Subject to the Option. The Committee will make
appropriate adjustments in the number of Shares subject to this Option or the
Option Price in order to give effect to changes made in the number of
outstanding Shares as a result of a merger, consolidation, recapitalization,
reclassification, combination, stock dividend, stock split, or other relevant
change.

6.       Rights as Shareholder or Employee.

         6.1.     This Option shall not entitle the Optionee to any rights as a
shareholder of the Company with respect to any Shares subject to this Option
until it has been exercised and any such Shares issued.

         6.2.     This Option does not confer upon the Optionee any right with
respect to continuation of employment by the Company or a Subsidiary, nor does
it in any way interfere with or affect Optionee's right, the Company's right or
a Subsidiary's right to terminate such employment at any time.

7.       Withholding. The Committee will make whatever arrangements the Company
deems necessary or appropriate to comply with all applicable tax withholding
requirements. The Committee and the Company shall have no obligation to deliver
a certificate evidencing the Shares purchased upon exercise of the Option unless
and until tax withholding arrangements satisfactory to the Company are made. The
Optionee's failure to comply with the required tax withholding arrangements
shall result in a forfeiture of any benefits hereunder.

8.       Entire Agreement. This Agreement, together with the provisions of the
Plan which are incorporated herein by reference, constitutes the entire
Agreement between the Optionee and the Company with respect to the Option
granted hereunder.

9.       Applicable Law. The Plan and this Agreement shall be governed by the
laws of the State of South Carolina.

                             INTEGRATED BUSINESS SYSTEMS AND SERVICES, INC.

                             By:
                                -----------------------------------------------

                                Its:
                                    -------------------------------------------

                             --------------------------------------------------
                             Optionee (Signature)

                             --------------------------------------------------
                             Optionee (Please print name)

                                        2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00024-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00024-of-00352.parquet"}]]