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                                                                   EXHIBIT 10.19

                             CALSPAN SRL CORPORATION

                            1995 STOCK INCENTIVE PLAN

                                    ARTICLE I

                                  INTRODUCTION

1.      Purpose. The CALSPAN SRL CORPORATION 1995 STOCK INCENTIVE PLAN (the
"PLAN") is intended to promote the interests of CALSPAN SRL CORPORATION (the
"COMPANY") and its stockholders by encouraging employees of the Company, its
subsidiaries and affiliated entities and non-employee directors of the Company
to acquire or increase their equity interest in the Company, thereby giving them
an added incentive to work toward the continued growth and success of the
Company. The Board of Directors of the Company (the "BOARD") also contemplates
that through the Plan, the Company, its subsidiaries and affiliated entities
will be better able to compete for the services of personnel needed for the
continued growth and success of the Company.

2.      Shares Subject to the Plan. The aggregate number of shares of Common
Stock, $.001 par value per share, of the Company ("COMMON STOCK") that may be
issued under the Plan shall not exceed 1,664,147 shares; provided, however, that
in the event that at any time after the effective date of the Plan the
outstanding shares of Common Stock are changed into or exchanged for a different
number or kind of shares or other securities of the Company by reason of merger,
consolidation, recapitalization, reclassification, stock split, stock dividend,
combination of shares or the like, the aggregate number and class of securities
available under the Plan shall be ratably adjusted by the Committee (as
hereinafter defined), whose determination shall be final and binding upon the
Company and all other interested persons. In the event the number of shares to
be delivered upon the exercise in full of any option granted under the Plan is
reduced for any reason whatsoever or in the event any option granted under the
Plan can no longer under any circumstances be exercised, the number of shares no
longer subject to such option shall thereupon be released from such option and
shall thereafter be available under the Plan. If shares of Performance Stock (as
hereinafter defined) awarded under the Plan are forfeited to

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the Company, such shares shall thereafter be available for new grants and awards
under the Plan unless the Employee Grantee (as hereinafter defined) has received
benefits of ownership with respect to such shares of Performance Stock, such as
dividends (but not including voting rights). Shares issued pursuant to the Plan
shall be fully paid and nonassessable.

3.      Administration of the Plan. The Plan shall be administered by a
committee (the "COMMITTEE") of two or more directors of the Company appointed by
the Board. Subject to the provisions of the Plan, the Committee shall interpret
the Plan and all awards under the Plan, shall make such rules as it deems
necessary for the proper administration of the Plan, shall make all other
determinations necessary or advisable for the administration of the Plan and
shall correct any defect or supply any omission or reconcile any inconsistency
in the Plan

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or in any award under the Plan in the manner and to the extent that the
Committee deems desirable to effectuate the Plan. Any action taken or
determination made by the Committee pursuant to this and the other paragraphs of
the Plan shall be conclusive on all parties. The act or determination of a
majority of the Committee shall be deemed to be the act or determination of the
Committee.

On and after the date the Company becomes subject to the Securities Exchange Act
of 1934, as amended (the "ACT"), no person shall be eligible to serve on the
Committee unless he is then a "disinterested person" within the meaning of Rule
16b-3 ("RULE 16B-3") promulgated under the Act, if and as such rule is then in
effect, and also an "outside director" within the meaning of Section 162(m) of
the Internal Revenue Code of 1986, as amended (the "CODE").

4.      Amendment and Discontinuance of the Plan. The Board may amend, suspend
or terminate the Plan; provided, however, that each such amendment of the Plan
(a) extending the period within which options, Performance Stock, Performance
Units or Bonus Stock (collectively "AWARDS") may be made under the Plan, (b)
increasing the number of shares of Common Stock to be awarded under the Plan,
except as provided in Article I, Paragraph 2, (c) reducing the option exercise
prices per share provided in the Plan, or (d) changing the class of persons to
whom Awards may be made under the Plan shall, in each case, be subject to
approval by the stockholders of the Company; provided further, however, that no
amendment, suspension or termination of the Plan may cause the Plan to fail to
meet the requirements of Rule 16b-3, if applicable, or may, without the consent
of the holder of an Award, terminate such Award or adversely affect such
person's rights in any material respect.

5.      Granting of Awards to Employees. The Committee shall have the authority
to grant, prior to the expiration date of the Plan, to such eligible employees
and officers as may be selected by it (with respect to options, "EMPLOYEE
OPTIONEES" and, with respect to Performance Stock, Performance Units and Bonus
Stock, "EMPLOYEE GRANTEES"), options to purchase shares of Common Stock and
awards of Performance Stock, Performance Units and/or Bonus Stock on the terms
and conditions

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hereinafter set forth in Articles II, III, V and VI. Stock issued with respect
to an Award under the Plan may be authorized but unissued, or reacquired, shares
of Common Stock. The Committee shall also have the authority to determine
whether options granted to Employee Optionees are granted pursuant to Article II
or Article III, as hereinafter set forth. Options granted to Employee Optionees
under Article III shall be "INCENTIVE STOCK OPTIONS" as defined in Section 422
of the Code, and are hereinafter referred to as "INCENTIVE STOCK OPTIONS." All
other options granted to Employee Optionees under the Plan shall be granted
pursuant to Article II and shall be options which do not constitute incentive
stock options ("NONQUALIFIED OPTIONS"). In selecting Employee Optionees and
Employee Grantees, and in determining the number of shares to be covered by each
Award granted to such employee, the Committee may consider the office or
position held by the employee, the employee's degree of responsibility for and
contribution to the growth and success of the Company, the employee's length of
service, age, promotions, potential and any other factors which it may consider
relevant.

6.      Granting of Options to Non-Employee Directors. All options granted to
Non-Employee Directors shall be nonqualified options to purchase, on the terms
and conditions hereinafter set forth in Article IV, authorized but unissued, or
reacquired, shares of Common Stock. Non- Employee Directors shall not be
eligible to receive incentive stock options or grants of Performance Stock,
Performance Units or Bonus Stock.

7.      Term of Plan. The Plan shall be effective upon the date of its adoption
by the Board, provided the Plan is approved by the stockholders of the Company
within twelve months after the date of such adoption. In the event that the Plan
is not approved by the stockholders of the Company within twelve months after
the date of its adoption by the Board, the Plan shall be null and void and all
Awards, if any, then outstanding shall be automatically cancelled as if never
granted. No Awards shall be exercisable or payable prior to the date of the
stockholders' approval of the Plan. Subject to the foregoing, except with
respect to Awards then outstanding, if not sooner terminated under the
provisions of

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Article I, Paragraph 4, the Plan shall terminate upon, and no further Awards
shall be made, after the tenth anniversary of the date of the Plan was adopted
by the Board.

8.      Employment. If a participant is on military, sick leave or other bona
fide leave of absence, such participant shall be considered an "employee" for
purposes of an outstanding Award during the period of such leave provided it
does not exceed 90 days, or, if longer, so long as the participant's right to
reemployment is guaranteed either by statute or by contract. If the period of
leave exceeds 90 days, the employment relationship shall be deemed to have
terminated on the 91st day of such leave, unless the participant's right to
reemployment is guaranteed by statute or contract.

9.      Definition of the Terms "Change of Control" and "IPO". The term "Change
of Control" shall be inoperative prior to the date of an IPO. As used in the
Plan, a "CHANGE OF CONTROL" shall be deemed to have occurred upon, and shall
mean (a) the acquisition by any individual, entity or group (within the meaning
of Section 13(d)(3) or 14(d)(2) of the Act) (a "PERSON") of beneficial ownership
(within the meaning of Rule 13d-3 promulgated under the Act) of twenty- five
percent (25%) or more of either (i) the then outstanding shares of Common Stock
of the Company (the "OUTSTANDING COMPANY COMMON STOCK") or (ii) 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 the following acquisitions shall not
constitute a Change of Control: (A) any acquisition directly from the Company
(excluding an acquisition by virtue of the exercise of a conversion privilege),
(B) any acquisition by the Company, (C) any acquisition by any employee benefit
plan(s) (or related trust(s)) sponsored or maintained by the Company or any
corporation controlled by the Company or (D) any acquisition by any corporation
pursuant to a reorganization, merger or consolidation, if, immediately following
such reorganization, merger or consolidation, the conditions described in clause
(i), (ii) and (iii) of clause (b) of this Paragraph 9 are satisfied; or (b) the
approval by the stockholders of the Company of a reorganization, merger or

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consolidation, in each case, unless immediately following such reorganization,
merger or consolidation (i) more than 60% of, respectively, the then outstanding
shares of common stock of the corporation resulting from such reorganization,
merger or consolidation and the combined voting power of the then outstanding
voting securities of such corporation entitled to vote generally in the election
of directors is then beneficially owned, directly or indirectly, by all or
substantially all of the individuals and entities who were the beneficial
owners, respectively, of the Outstanding Company Common Stock and Outstanding
Company Voting Securities immediately prior to such reorganization, merger or
consolidation in substantially the same proportions as their ownership,
immediately prior to such reorganization, merger or consolidation, of the
Outstanding Company Common Stock and Outstanding Company Voting Securities, as
the case may be, (ii) no Person (excluding the Company, any employee benefit
plan(s) (or related trust(s)) of the Company and/or its subsidiaries or such
corporation resulting from such reorganization, merger or consolidation and any
Person beneficially owning, immediately prior to such reorganization, merger or
consolidation, directly or indirectly, twenty- five percent (25%) or more of the
Outstanding Company Common Stock or Outstanding Company Voting Securities, as
the case may be) beneficially owns, directly or indirectly, twenty- five percent
(25%) or more of, respectively, the then outstanding shares of common stock of
the corporation resulting from such reorganization, merger or consolidation or
the combined voting power of the then outstanding voting securities of such
corporation entitled to vote generally in the election of directors and (iii) at
least a majority of the members of the board of directors of the corporation
resulting from such reorganization, merger or consolidation were members of the
Incumbent Board (as defined below) at the time of the execution of the initial
agreement providing for such reorganization, merger or consolidation. The
"INCUMBENT BOARD" shall mean individuals who, as of the date of the IPO,
constitute the Board; provided, however, that any individual becoming a director
subsequent to such date whose election, or nomination for election by the
Company's stockholders, was approved by a vote of at least a majority of the
directors then comprising the Incumbent Board shall be considered as

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though such individual were a member of the Incumbent Board, but excluding, for
this purpose, any such individual whose initial assumption of office occurs as a
result of either (1) an actual or threatened election contest (as such terms are
used in Rule 14a-11 of Regulation 14A promulgated under the Act), or an actual
or threatened solicitation of proxies or consents by or on behalf of a Person
other than the Board or (2) a plan or agreement to replace a majority of the
members of the Board then comprising the Incumbent Board.

As used in the Plan, an "IPO" means the first underwritten offering after the
date hereof, whether primary or secondary, of Common Stock, options, warrants or
securities convertible into or exchangeable for shares of, or rights to acquire
shares of, Common Stock which is registered pursuant to an effective
registration statement filed by the Company under the Securities Act and sold to
an underwriter in a firm commitment underwriting for reoffering to the public
(other than (i) a registration statement filed on Form S-4 (or any successor
form), (ii) a registration statement filed on Form S-8 (or any successor form),
or any other applicable form with respect to the issuance of Common Stock, or
securities convertible into, or exchangeable for, Common Stock or rights to
acquire Common Stock or such securities, issued or to be issued or granted to
directors, officers or employees of the Company, and (iii) any registration
statement relating to an offering of debt securities of the Company convertible
or exchangeable into Common Stock).

10.     Rule 16b-3 Compliance. Following an IPO, the Company intends that the
Plan meet the requirements of Rule 16b-3. In all cases, the terms, provisions,
conditions and limitations of the Plan shall be construed and interpreted
consistent with the Company's intent as stated in this Article I, Paragraph 10.

11.     Miscellaneous. All references in the Plan to "ARTICLES," "PARAGRAPHS"
and other subdivisions refer to the corresponding Articles, Paragraphs, and
subdivisions of the Plan.

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                                   ARTICLE II

                           NONQUALIFIED STOCK OPTIONS

1.      Eligible Employees. Key employees and officers (whether or not they are
directors) of the Company, its subsidiaries and affiliated entities shall be
eligible to receive nonqualified options under this Article II.

2.      Calculation of Exercise Price. Prior to an IPO the exercise price to be
paid for each share of Common Stock deliverable upon exercise of each
nonqualified option granted under Article II shall not be less than the FMV Per
Share (as defined below) on the date of grant of such option. The exercise price
for each nonqualified option granted under Article II shall be subject to
adjustment as provided in Article II, Paragraph 3(e).

The FMV Per Share of the Common Stock as of any particular date shall be
determined by any fair and reasonable means determined by the Committee, which
may include, if the Common Stock is listed for trading on a national or regional
stock exchange, the closing price quoted on such exchange which is published in
the Wall Street Journal reports for the date of the grant, or if no trade of the
Common Stock shall have been reported for such date, the closing price quoted on
such exchange which is published in the Wall Street Journal reports for the next
day prior thereto on which a trade of the Common Stock was so reported, or if
the shares are not so listed or admitted to trading, the average of the highest
reported bid and lowest reported asked prices as furnished by the National
Association of Securities Dealers, Inc., through NASDAQ, or through a similar
organization if NASDAQ is no longer reporting such information. If shares of the
Common Stock are not listed or admitted to trading on any exchange or quoted
through NASDAQ or any similar organization, the FMV Per Share shall be
determined by the Committee in good faith using any fair and reasonable means
selected in its discretion.

3.      Terms and Conditions of Options. Nonqualified options shall be in such
form as the Committee may from time to time approve, shall be subject to the
following terms and conditions and may contain such additional terms and

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conditions, not inconsistent with this Article II, as the Committee shall deem
desirable:

        (a)     Option Period and Conditions and Limitations on Exercise. No
        nonqualified option shall be exercisable later than the date which is
        ten years after the date of grant (the "NONQUALIFIED OPTION EXPIRATION
        DATE"). To the extent not prohibited by other provisions of the Plan,
        each nonqualified option shall be exercisable at such time or times as
        the Committee in its discretion may determine at the time such option is
        granted.

        (b)     Termination of Employment and Death. For purposes of this
        Article II, an Employee Optionee's employment shall be deemed to have
        terminated at the close of business on the day on which he is no longer
        for any reason whatsoever (including his death) employed by the Company
        or a subsidiary or affiliated entity of the Company. Except as provided
        below, if an Employee Optionee's employment is terminated for any reason
        whatsoever (including his death), each nonqualified option granted to
        him and all of his rights thereunder shall wholly and completely
        terminate as follows, unless the option agreement specifically provides
        otherwise:

        (i)     At the time the Employee Optionee's employment is terminated, if
        termination occurs within the six-month period following the date of
        grant; or

        (ii)    At the time the Employee Optionee's employment is terminated, if
        his employment is terminated because he is discharged for Cause (as
        defined below); or

        (iii)   At the expiration of a period of one year after the Employee
        Optionee's death (but in no event later than the Nonqualified Option
        Expiration Date), if the Employee Optionee's employment is terminated
        after the six-month period following the date of grant by reason of his
        death. To the extent exercisable at death, a nonqualified option may be
        exercised by the Employee Optionee's estate or by the person or persons
        who acquire the right to exercise his option by bequest or

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        inheritance with respect to any or all of the shares remaining subject
        to his option at the time of his death; or

        (iv)    At the expiration of a period of three years after the Employee
        Optionee's employment is terminated, if the Employee Optionee's
        employment is terminated after the six-month period following the date
        of grant because of Retirement or Disability (as defined below) (but in
        no event later than the Nonqualified Option Expiration Date); or

        (v)     At the expiration of a period of three months after the Employee
        Optionee's employment is terminated (but in no event later than the
        Nonqualified Option Expiration Date), if the Employee Optionee's
        employment is terminated after the six-month period following the date
        of grant for any reason other than his death, Retirement, Disability or
        for Cause; or

        (vi)    Notwithstanding the above, with respect to all options
        outstanding at the date of a Change of Control, if the Employee
        Optionee's employment is terminated within the one-year period following
        such Change of Control other than for Cause, at the expiration of the
        first anniversary of the Employee Optionee's date of termination, unless
        subparagraph (iii), (iv) or (v) provides a longer period for the
        exercise of such options (but in no event later than the Nonqualified
        Option Expiration Date).

        As used in this Plan the term "RETIREMENT" means the termination of an
        employee's employment with the Company, its subsidiaries and affiliated
        entities (i) on or after reaching age 65 or (ii) on or after reaching
        age 55 with the consent of the Board, for reasons other than death,
        Disability or for Cause; the term "DISABILITY" shall mean an employee is
        suffering from a mental or physical disability, which, in the opinion of
        the Board, prevents the employee from performing his regular duties and
        is expected to be of long continued duration or to result in death; and
        the term "CAUSE" means (A) the willful

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        commission by an employee of a criminal or other act that causes or is
        likely to cause substantial economic damage to the Company, a subsidiary
        or an affiliate of the Company or substantial injury to the business
        reputation of the Company, a subsidiary or affiliate of the Company; (B)
        the commission by an employee of an act of fraud in the performance of
        such employees duties on behalf of the Company, a subsidiary or
        affiliate of the Company; or (C) the continuing willful failure of an
        employee to perform the duties of such employee to the Company, a
        subsidiary or an affiliate of the Company (other than such failure
        resulting from the employee's incapacity due to physical or mental
        illness) after written notice thereof (specifying the particulars
        thereof in reasonable detail) and a reasonable opportunity to be heard
        and cure such failure are given to the employee by the Committee. For
        purposes of the Plan, no act, or failure to act, on the employee's part
        shall be considered "willful" unless done or omitted to be done by the
        employee not in good faith and without reasonable belief that the
        employee's action or omission was in the best interest of the Company or
        the subsidiary or the affiliate of the Company, as the case may be.
        Notwithstanding the foregoing, the Board may delegate its authority to
        determine whether a termination is due to Retirement, Disability or
        Cause to any committee or person with respect to a determination that
        does not involve a participant who is subject to Rule 16b-3.

        (c)     Manner of Exercise. In order to exercise a nonqualified option,
        the person or persons entitled to exercise it shall deliver to the
        Company payment in full for the shares being purchased, together with
        any required withholding tax as provided in Article VII. The payment of
        the exercise price for each option granted hereunder shall either be (i)
        in cash or by check payable and acceptable to the Company, (ii) subject
        to the approval of the Committee, by tendering to the Company shares of
        Common Stock owned by the person having an aggregate FMV Per Share as of
        the date of exercise and tender that is not greater than the full
        exercise price for the shares with respect to which the option is being

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        exercised and by paying any remaining amount of the exercise price as
        provided in (I) above, or (iii) following an IPO and subject to such
        instructions as the Committee may specify, at the person's written
        request the Company may deliver certificates for the shares of Common
        Stock for which the option is being exercised to a broker for sale on
        behalf of the optionee, provided that the optionee has irrevocably
        instructed such broker to remit directly to the Company on the
        optionee's behalf the full amount of the exercise price from the
        proceeds of such sale. In the event that the optionee elects to make
        payment as allowed under clause (ii) above, the Committee may, upon
        confirming that the optionee owns the number of additional shares being
        tendered, authorize the issuance of a new certificate for the number of
        shares being acquired pursuant to the exercise of the option less the
        number of shares being tendered upon the exercise and return to the
        optionee (or not require surrender of) the certificate for the shares
        being tendered upon the exercise. If the Committee so requires, such
        person or persons shall also deliver a written representation that all
        shares being purchased are being acquired for investment and not with a
        view to, or for resale in connection with, any distribution of such
        shares.

        (d)     Options not Transferable. No nonqualified option granted
        hereunder shall be transferable otherwise than by will or by the laws of
        descent and distribution and, during the lifetime of the Employee
        Optionee to whom any such option is granted, it shall be exercisable
        only by the Employee Optionee. Any attempt to transfer, assign, pledge,
        hypothecate or otherwise dispose of, or to subject to execution,
        attachment or similar process, any nonqualified option granted
        hereunder, or any right thereunder, contrary to the provisions hereof,
        shall be void and ineffective, shall give no right to the purported
        transferee, and shall, at the sole discretion of the Committee, result
        in forfeiture of the option with respect to the shares involved in such
        attempt.

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        (e)     Adjustment of Shares. In the event that at any time after the
        effective date of the Plan the outstanding shares of Common Stock are
        changed into or exchanged for a different number or kind of shares or
        other securities of the Company by reason of merger, consolidation,
        recapitalization, reclassification, stock split, stock dividend,
        combination of shares or the like, the Committee shall make an
        appropriate and equitable adjustment in the number and kind of shares as
        to which all outstanding nonqualified options granted, or portions
        thereof then unexercised, shall be exercisable, to the end that after
        such event the shares subject to the Plan and each Employee Optionee's
        proportionate interest shall be maintained as before the occurrence of
        such event. Such adjustment in an outstanding nonqualified option shall
        be made without change in the total price applicable to the option or
        the unexercised portion of the option (except for any change in the
        aggregate price resulting from rounding-off of share quantities or
        prices) and with any necessary corresponding adjustment in exercise
        price per share. Any such adjustment made by the Committee shall be
        final and binding upon all Employee Optionees, the Company, and all
        other interested persons.

        (f)     Listing and Registration of Shares. Each nonqualified option
        shall be subject to the requirement that if at any time the Committee
        determines, in its discretion, that the listing, registration, or
        qualification of the shares subject to such option under any securities
        exchange or under any state or federal law, or the consent or approval
        of any governmental regulatory body, is necessary or desirable as a
        condition of, or in connection with, the issue or purchase of shares
        thereunder, such option may not be exercised in whole or in part unless
        such listing, registration, qualification, consent or approval shall
        have been effected or obtained and the same shall have been free of any
        conditions not acceptable to the Committee.

        (g)     Reload Options. An option may, in the discretion of the
        Committee, include a reload stock option right which

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        shall entitle the optionee, upon (i) the exercise of such original
        option prior to the optionee's termination of employment and (ii)
        payment of the appropriate exercise price in shares of Common Stock that
        have been owned by such optionee for at least six months prior to the
        date of exercise, to receive a new option (the "Reload Option") to
        purchase, at the FMV Per Share on the date of the exercise of the
        original option, the number of shares of Common Stock equal to the
        number of whole shares delivered by the optionee in payment of the
        exercise price of the original option. Such Reload Option shall be
        subject to the same terms and conditions, including expiration date, and
        shall be exercisable at the same time or times as the original option
        with respect to which it is granted, except that in no event shall such
        Reload Option be exercisable within six months of its date of grant.

4.      Amendment. The Committee may, with the consent of the person or persons
entitled to exercise any outstanding nonqualified option, amend such
nonqualified option; provided, however, that any such amendment increasing the
number of shares of Common Stock subject to such option (except as provided in
Article II, Paragraph 3(e)) or reducing the exercise price per share of such
option (except as provided in Article II, Paragraph 3(e)) shall in each case be
subject to approval by the stockholders of the Company. The Committee may at any
time or from time to time, in its discretion, in the case of any nonqualified
option which is not then immediately exercisable in full, accelerate the time or
times at which such option may be exercised to any earlier time or times. The
Committee, in its absolute discretion, may grant to holders of outstanding
nonqualified options, in exchange for the surrender and cancellation of such
options, new options having exercise prices lower (or higher) than the exercise
price provided in the options so surrendered and canceled and containing such
other terms and conditions as the Committee may deem appropriate.

5.      Acceleration upon a Change of Control or IPO. Notwithstanding any
provision in the Plan or in any document or instrument evidencing a nonqualified
option granted

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hereunder to the contrary, upon the occurrence of a Change of Control or an IPO,
each nonqualified option previously granted hereunder which is not then
immediately exercisable in full shall be immediately exercisable in full upon
such event.

6.      Other Provisions.

(a)     The person or persons entitled to exercise, or who have exercised, a
nonqualified option shall not be entitled to any rights as a stockholder of the
Company with respect to any shares subject to such option until he shall have
become the holder of record of such shares.

(b)     No nonqualified option granted hereunder shall be construed as limiting
any right which the Company or any subsidiary or affiliated entity of the
Company may have to terminate at any time, with or without cause, the employment
of any person to whom such option has been granted.

(c)     Notwithstanding any provision of the Plan or the terms of any
nonqualified option, the Company shall not be required to issue any shares
hereunder if such issuance would, in the judgment of the Committee, constitute a
violation of any state or federal law or of the rules or regulations of any
governmental regulatory body.

                                   ARTICLE III

                             INCENTIVE STOCK OPTIONS

1.      Eligible Employees. Key employees and officers (whether or not they are
directors) of the Company or its Parent Corporation or any Subsidiary
Corporation of the Company shall be eligible to receive incentive stock options
under this Article III. As used in Article III, the terms "PARENT CORPORATION"
and "SUBSIDIARY CORPORATION" shall have the meanings ascribed to them in Section
424 of the Code.

2.      Calculation of Exercise Price. The exercise price to be paid for each
share of Common Stock deliverable upon exercise of each incentive stock option
shall be equal to the FMV Per Share of Common Stock at the date of grant;
provided, however,

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that in the case of an Employee Optionee who, at the time such option is
granted, owns (within the meaning of Section 424(d) of the Code) more than 10%
of the total combined voting power of all classes of stock of the Company or of
its Parent Corporation or any Subsidiary Corporation, then the exercise price
per share shall be 110% of the FMV Per Share of Common Stock at the date of
grant. The exercise price for each incentive stock option shall be subject to
adjustment as provided in Article III, Paragraph 3(e).

3.      Terms and Conditions of Options. Incentive stock options shall be in
such form as the Committee may from time to time approve, shall be subject to
the following terms and conditions and may contain such additional terms and
conditions, not inconsistent with this Article III, as the Committee shall deem
desirable:

        (a)     Option Period and Conditions and Limitations on Exercise. No
        incentive stock option shall be exercisable later than the date which is
        ten years after the date of grant; provided, however, that in the case
        of an Employee Optionee who, at the time such option is granted, owns
        (within the meaning of Section 424(d) of the Code) more than 10% of the
        total combined voting power of all classes of stock of the Company or of
        its Parent Corporation or any Subsidiary Corporation, then such option
        shall not be exercisable with respect to any of the shares subject to
        such option later than the date which is five years after the date of
        grant. The date on which an incentive stock option ultimately becomes
        unexercisable under the previous sentence is hereinafter referred to as
        the "ISO EXPIRATION DATE." To the extent not prohibited by other
        provisions of the Plan, each incentive stock option shall be exercisable
        at such time or times as the Committee in its discretion may determine
        at the time such option is granted.

        (b)     Termination of Employment and Death. For purposes of
        Article III, an Employee Optionee's employment shall be deemed to have
        terminated at the close of business on the day on which he is no longer
        for any reason whatsoever (including his death) employed by the Company

<PAGE>
                                      --17

        or a subsidiary or affiliated entity of the Company. Except as provided
        below, if an Employee Optionee's employment is terminated by any reason
        whatsoever (including his death), each incentive stock option granted to
        him and all of his rights thereunder shall wholly and completely
        terminate as follows, unless the option agreement specifically provides
        otherwise:

        (i)     At the time the Employee Optionee's employment is terminated, if
        termination occurs within the six-month period following the date of
        grant; or

        (ii)    At the time the Employee Optionee's employment is terminated, if
        his employment is terminated due to Cause; or

        (iii)   At the expiration of a period of one year after the Employee
        Optionee's death (but in no event later than the ISO Expiration Date),
        if the Employee Optionee's employment is terminated after the six-month
        period following the date of grant by reason of his death. To the extent
        exercisable at death, an incentive stock option granted under
        Article III of the Plan may be exercised by the Employee Optionee's
        estate or by the person or persons who acquire the right to exercise his
        option by bequest or inheritance with respect to any or all of the
        shares remaining subject to his option at the time of his death; or

        (iv)    At the expiration of a period of three years after the Employee
        Optionee's employment is terminated, if the Employee Optionee's
        employment is terminated after the six-month period following the date
        of grant because of Retirement or Disability (but in no event later than
        the ISO Expiration Date); or

        (v)     At the expiration of a period of three months after the Employee
        Optionee's employment is terminated (but in no event later than the ISO
        Expiration Date), if the Employee Optionee's employment is terminated
        after the six-month period following the date of grant for any other
        reason than his death, Retirement, Disability or

<PAGE>
                                      --18

        Cause; or

        (vi)    Notwithstanding the above, with respect to all options
        outstanding at the date of a Change of Control, if the Employee
        Optionee's employment is terminated within the one-year period following
        such Change of Control other than for Cause, at the expiration of the
        first anniversary of the Employee Optionee's date of termination, unless
        subparagraph (iii), (iv) or (v) provides a longer period for the
        exercise of such options (but in no event later than the ISO Expiration
        Date).

        In the event and to the extent that an incentive stock option is not
        exercised (A) within three months after the Employee Optionee's
        employment is terminated because of Retirement or a Disability that is
        not a disability within the meaning of Section 22(e)(3) of the Code or
        (B) within one year after the Employee Optionee's employment is
        terminated because of a Disability that is a disability within the
        meaning of Section 22(e)(3) of the Code, such option shall be taxed as a
        nonqualified option and shall be subject to the manner of exercise
        provisions described in Article II, Paragraph 3(c). Further, in the
        event that an Employee Optionee's employment is not terminated in
        accordance with the first sentence of Article III, Paragraph 3(b), but
        such Employee Optionee ceases to be employed by the Company, its Parent
        Corporation or any Subsidiary Corporation, then, to the extent an
        incentive stock option is not exercised within three months after the
        date of such cessation, such option shall be taxed as a nonqualified
        option and shall be subject to the manner of exercise provisions
        described in Article II, Paragraph 3(c).

        (c)     Manner of Exercise. In order to exercise an incentive stock
        option, the person or persons entitled to exercise it shall deliver to
        the Company payment in full for the shares being purchased. The payment
        of the exercise price for each option shall either be in (i) in cash or
        by check payable and acceptable to the Company, (ii) subject to the
        approval of the Committee, by tendering to the Company shares of Common
        Stock owned by the person having an

<PAGE>
                                      --19

        aggregate FMV Per Share as of the date of exercise and tender that is
        not greater than the full exercise price for the shares with respect to
        which the option is being exercised and by paying any remaining amount
        of the exercise price as provided in (i) above, or (iii) following an
        IPO and subject to such instructions as the Committee may specify, at
        the person's written request the Company may deliver certificates for
        the shares of Common Stock for which the option is being exercised to a
        broker for sale on behalf of the optionee, provided that the optionee
        has irrevocably instructed such broker to remit directly to the Company
        on the optionee's behalf the full amount of the exercise price from the
        proceeds of such sale. In the event that the optionee elects to make
        payment as allowed under clause (ii) above, the Committee may, upon
        confirming that the optionee owns the number of additional shares being
        tendered, authorize the issuance of a new certificate for the number of
        shares being acquired pursuant to the exercise of the option less the
        number of shares being tendered upon the exercise and return to the
        optionee (or not require surrender of) the certificate for the shares
        being tendered upon the exercise. If the Committee so requires, such
        person or persons shall also deliver a written representation that all
        shares being purchased are being acquired for investment and not with a
        view to, or for resale in connection with, any distribution of such
        shares.

        (d)     Options not Transferable. No incentive stock option shall be
        transferable otherwise than by will or by the laws of descent and
        distribution and, during the lifetime of the Employee Optionee to whom
        any option is granted, it shall be exercisable only by such Employee
        Optionee. Any attempt to transfer, assign, pledge, hypothecate or
        otherwise dispose of, or to subject to execution, attachment or similar
        process, any incentive stock option, or any right thereunder, contrary
        to the provisions hereof, shall be void and ineffective, shall give no
        right to the purported transferee, and shall, at the sole discretion of
        the Committee, result in forfeiture of the option with respect to the
        shares involved in such attempt.

<PAGE>
                                      --20

        (e)     Adjustment of Shares. In the event that at any time after the
        effective date of the Plan the outstanding shares of Common Stock are
        changed into or exchanged for a different number or kind of shares or
        other securities of the Company by reason of merger, consolidation,
        recapitalization, reclassification, stock split, stock dividend,
        combination of shares or the like, the Committee shall make an
        appropriate and equitable adjustment in the number and kind of shares as
        to which all outstanding incentive stock options, or portions thereof
        then unexercised, shall be exercisable, to the end that after such event
        the shares subject to the Plan and each Employee Optionee's
        proportionate interest shall be maintained as before the occurrence of
        such event. Such adjustment in an outstanding incentive stock option
        shall be made without change in the total price applicable to the option
        or the unexercised portion of the option (except for any change in the
        aggregate price resulting from rounding-off of share quantities or
        prices) and with any necessary corresponding adjustment in exercise
        price per share. Any such adjustment made by the Committee shall be
        final and binding upon all Employee Optionees, the Company, and all
        other interested persons. Any adjustment of an incentive stock option
        under this paragraph shall be made in such manner as not to constitute a
        "MODIFICATION" within the meaning of Section 424(h)(3) of the Code.

        (f)     Listing and Registration of Shares. Each incentive stock option
        shall be subject to the requirement that if at any time the Committee
        determines, in its discretion, that the listing, registration, or
        qualification of the shares subject to such option upon any securities
        exchange or under any state or federal law, or the consent or approval
        of any governmental regulatory body, is necessary or desirable as a
        condition of, or in connection with, the issue or purchase of shares
        thereunder, such option may not be exercised in whole or in part unless
        such listing, registration, qualification, consent or approval shall
        have been effected or obtained and the same shall have been free of any
        conditions not acceptable to the

<PAGE>
                                      --21

        Committee.

        (g)     Limitation on Amount. Notwithstanding any other provision of the
        Plan, to the extent that the aggregate fair market value (determined as
        of the time the respective incentive stock option is granted) of the
        Common Stock with respect to which incentive stock options are
        exercisable for the first time by an Employee Optionee during any
        calendar year under all incentive stock option plans of the Company and
        its Parent Corporation and Subsidiary Corporations exceeds $100,000,
        such incentive stock options shall be taxed as nonqualified options and
        shall be subject to the manner of exercise provisions described in
        Article II, Paragraph 3(c). The Committee shall determine, in accordance
        with applicable provisions of the Code, Treasury Regulations and other
        administrative pronouncements, which of an Employee Optionee's incentive
        stock options will be treated as nonqualified options because of such
        limitation and shall notify the Employee Optionee of such determination
        as soon as practicable after such determination.

4.      Amendment. The Committee may, with the consent of the person or persons
entitled to exercise any outstanding incentive stock option, amend such
incentive stock option; provided, however, that any such amendment increasing
the number of shares of Common Stock subject to such option (except as provided
in Article III, Paragraph 3(e)) or reducing the exercise price per share of such
option (except as provided in Article III, Paragraph 3(e)) shall in each case be
subject to approval by the stockholders of the Company. Subject to Article III,
Paragraph 3(g), the Committee may at any time or from time to time, in its
discretion, in the case of any incentive stock option previously granted under
Article III which is not then immediately exercisable in full, accelerate the
time or times at which such option may be exercised to any earlier time or
times.

5.      Acceleration upon a Change of Control or IPO. Notwithstanding any
provision in the Plan or in any document or instrument evidencing an incentive
stock option to the contrary, but subject to the provisions of Article III,

<PAGE>
                                      --22

Paragraph 3(g), upon the occurrence of a Change of Control or an IPO, each
incentive stock option which is not then immediately exercisable in full shall
be immediately exercisable in full upon such event.

6.      Other Provisions.

(a)     The person or persons entitled to exercise, or who have exercised, an
incentive stock option shall not be entitled to any rights as a stockholder of
the Company with respect to any shares subject to such option until he shall
have become the holder of record of such shares.

(b)     No incentive stock option shall be construed as limiting any right which
the Company or any subsidiary or affiliated entity of the Company may have to
terminate at any time, with or without cause, the employment of any person to
whom such option has been granted.

(c)     Notwithstanding any provision of the Plan or the terms of any incentive
stock option, the Company shall not be required to issue any shares hereunder if
such issuance would, in the judgment of the Committee, constitute a violation of
any state or federal law or of the rules or regulations of any governmental
regulatory body.

(d)     The Committee may require any person who exercises an incentive stock
option to give prompt notice to the Company of any disposition of shares of
Common Stock acquired upon exercise of an incentive stock option within two
years after the date of grant of such option or within one year after the
transfer of shares to such person.

                                   ARTICLE IV

                       NON-EMPLOYEE DIRECTOR STOCK OPTIONS

1.      Eligible Persons. Persons who are members of the Board but are neither
employees nor officers of the Company, its subsidiaries or affiliated entities
("NON-EMPLOYEES DIRECTORS") shall be eligible to receive nonqualified options
under, and solely under, this Article IV.

<PAGE>
                                      --23

2.      Grant of Options to Non-Employee Directors. The Committee shall have the
authority to grant, prior to the expiration of the Plan, to those Non-Employee
Directors as may be selected by it nonqualified options to purchase shares of
Common Stock on the terms and conditions hereinafter set forth in this Article
IV. In determining the number of shares to be subject to any such option, the
Committee may consider such facts as it may consider relevant.

3.      No Grant of Options to Non-Employee Director After an IPO.
Notwithstanding Paragraph 2 to the contrary, no options may be granted under
this Article IV to a Non-Employee Director on or after the date of an IPO.

4.      Calculation of Exercise Price. The exercise price to be paid for each
share of Common Stock deliverable upon exercise of each option granted under
this Article IV shall be equal to the FMV Per Share price on the date of the
grant of such option. The exercise price for each option granted under Article
IV shall be subject to adjustment as provided in Article IV, Paragraph 5(e).

5.      Terms and Conditions of Options. Options granted under this Article IV
shall be subject to the following terms and conditions:

        (a)     Option Period and Conditions and Limitations on Exercise. Each
        option granted under this Article IV shall be exercisable from time to
        time, in whole or in part, at any time after one year from the date of
        grant and prior to the date which is ten years after the date of grant
        (the "OPTION EXPIRATION DATE"). Notwithstanding the foregoing or any
        provision in any document or instrument evidencing an option granted
        hereunder, upon the occurrence of a Change of Control, each option
        previously granted hereunder which is not then immediately exercisable
        in full shall be immediately exercisable in full upon such event.

        (b)     Termination of Directorship and Death. For purposes of
        Article IV, a Non- Employee Director's directorship

<PAGE>
                                      --24

        shall be deemed to have terminated at the close of business on the day
        on which he ceases to be a member of the Board for any reason whatsoever
        (including his death). If a Non- Employee Director's directorship is
        terminated for any reason whatsoever (including his death), each option
        granted to him under Article IV and all of his rights thereunder shall
        wholly and completely terminate:

        (i)     At the time the Non-Employee Director's directorship is
        terminated if termination occurs within the six-month period following
        the date of grant; or

        (ii)    At the time the Non-Employee Director's directorship is
        terminated if his directorship is terminated as a result of his removal
        from the Board for Cause (other than Disability or in accordance with
        the provisions of the Company's Bylaws regarding automatic termination
        of directors' terms of office); or

        (iii)   At the expiration of a period of one year after the Non-Employee
        Director's death (but in no event later than the Option Expiration Date)
        if the Non-Employee Director's directorship is terminated after the
        six-month period following the date of grant by reason of his death. To
        the extent exercisable at death, an option granted under Article IV may
        be exercised by the Non-Employee Director's estate or by the person or
        persons who acquire the right to exercise his option by bequest or
        inheritance with respect to any or all of the shares remaining subject
        to his option at the time of his death; or

        (iv)    At the expiration of a period of three years after the
        Non-Employee Director's directorship is terminated if such person's
        directorship is terminated after the six-month period following the date
        of grant as a result of such person's resignation or removal from the
        Board because of disability or in accordance with the provisions of the
        Company's Bylaws regarding automatic termination of directors' terms of
        office (but in no event later than the Option Expiration Date); or

<PAGE>
                                      --25

        (v)     At the expiration of a period of three months after the
        Non-Employee Director's directorship is terminated (but in no event
        later than the Option Expiration Date) if the Non-Employee Director's
        directorship is terminated after the six-month period following the date
        of grant for any reason other than the reasons specified in Article IV,
        Paragraphs 5(b)(ii) through 5(b)(iv).

        (c)     Manner of Exercise. In order to exercise an option granted under
        Article IV, the person or persons entitled to exercise it shall deliver
        to the Company payment in full for the shares being purchased. The
        payment of the exercise price for each option granted under Article IV
        shall either be in (i) in cash or by check payable and acceptable to the
        Company, or (ii), by tendering to the Company shares of Common Stock
        owned by the person having an aggregate FMV Per Share as of the date of
        exercise and tender that is not greater than the full exercise price for
        the shares with respect to which the option is being exercised and by
        paying any remaining amount of the exercise price as provided in (i)
        above. In the event that the optionee elects to make payment as allowed
        under clause (ii) above, the Company may, upon confirming that the
        optionee owns the number of additional shares being tendered, authorize
        the issuance of a new certificate for the number of shares being
        acquired pursuant to the exercise of the option less the number of
        shares being tendered upon the exercise and return to the optionee (or
        not require surrender of) the certificate for the shares being tendered
        upon the exercise. If the Company so requires, such person or persons
        shall also deliver a written representation that all shares being
        purchased are being acquired for investment and not with a view to, or
        for resale in connection with, any distribution of such shares.

        (d)     Options Not Transferable. No option granted under Article IV
        shall be transferable otherwise than by will or by the laws of descent
        and distribution and, during the lifetime of the Non-Employee Director
        to whom any such option is granted, it shall be exercisable only by such
        Non-Employee Director. Any attempt to transfer, assign,

<PAGE>
                                      --26

        pledge, hypothecate or otherwise dispose of, or to subject to execution,
        attachment or similar process, any option granted under Article IV, or
        any right thereunder, contrary to the provisions hereof, shall be void
        and ineffective and shall give no right to the purported transferee.

        (e)     Adjustment of Shares. The shares with respect to which options
        may be granted pursuant to Article IV are shares of Common Stock as
        presently constituted, but if, and whenever, prior to the expiration of
        an option theretofore granted, the Company shall effect a subdivision or
        consolidation of shares of Common Stock or the payment of a stock
        dividend on Common Stock without receipt of consideration by the
        Company, the number of shares of Common Stock with respect to which such
        option may thereafter be exercised (i) in the event of an increase in
        the number of outstanding shares be proportionately increased, and the
        purchase price per share shall be proportionately reduced, and (ii) in
        the event of a reduction in the number of outstanding shares shall be
        proportionately reduced, and the purchase price per share shall be
        proportionately increased. If the Company recapitalizes or otherwise
        changes its capital structure, thereafter upon any exercise of an option
        theretofore granted the optionee shall be entitled to purchase under
        such option, in lieu of the number of class of shares of Common Stock as
        to which such option shall then be exercisable, the number and class of
        shares of stock and securities to which the optionee would have been
        entitled pursuant to the terms of the recapitalization if, immediately
        prior to such recapitalization, the optionee had been the holder of
        record of the number of shares of Common Stock as to which such option
        is then exercisable. Any adjustment provided for in the preceding
        provisions of this Paragraph 5(e) shall be subject to any required
        stockholder action.

        (f)     Listing and Registration of Shares. Each option granted under
        Article IV shall be subject to the requirement that if at any time the
        Company determines, in its discretion, that the listing, registration,
        or

<PAGE>
                                      --27

        qualification of the shares subject to such option under any securities
        exchange or under any state or federal law, or the consent or approval
        of any governmental regulatory body, is necessary or desirable as a
        condition of, or in connection with, the issue or purchase of shares
        thereunder, such option may not be exercised in whole or in part unless
        such listing, registration, qualification, consent or approval shall
        have been effected or obtained and the same shall have been free of any
        conditions not acceptable to the Company.

6.      Other Provisions.

(a)     The person or persons entitled to exercise, or who have exercised , an
option granted under Article IV shall not be entitled to any rights as a
stockholder of the Company with respect to any shares subject to such option
until he shall have become the holder of record of such shares.

(b)     No option granted under Article IV shall be construed as limiting any
right which either the stockholders of the Company or the Board may have to
remove at any time, with or without cause, any person to whom such option has
been granted from the Board.

(c)     Notwithstanding any provision of the Plan or the terms of any option
granted under Article IV, the Company shall not be required to issue any shares
hereunder if such issuance would, in the judgment of the Committee, constitute a
violation of any state or federal law or of the rule or regulations of any
governmental regulatory body.

                                    ARTICLE V

                     PERFORMANCE STOCK AND PERFORMANCE UNITS

1.      Eligible Employees. Key employees and officers (whether or not they are
directors) of the Company, its subsidiaries and affiliated entities shall be
eligible to receive awards of Performance Stock and/or Performance Units (as
hereinafter defined) under this Article V.

<PAGE>
                                      --28

2.      Terms and Conditions of Performance Awards. Shares of Performance Stock
and Performance Units granted to an eligible employee (an "EMPLOYEE GRANTEE")
shall be, with respect to Performance Stock, shares of Common Stock and, with
respect to Performance Units, a unit which shall represent a phantom share of
Common Stock. Both types of Awards shall be subject to the following terms and
conditions and may contain such additional terms and conditions, not
inconsistent with Article V, as the Committee shall deem desirable:

        (a)     Performance Period and Vesting. Subject to Article V, Paragraphs
        3 and 4, no shares of Performance Stock or Performance Units shall be
        subject to becoming vested; i.e., earned and nonforfeitable, earlier
        than the date which is six months from the date of grant nor later than
        the date which is ten years after the date of grant (the "PERFORMANCE
        PERIOD"). To the extent not prohibited by other provisions of the Plan,
        each share of Performance Stock and each Performance Unit shall be
        subject to becoming vested upon (i) the achievement of such performance
        goals (Company and/or individual) over such Performance Period, or (ii)
        at the end of the Performance Period without regard to any performance
        goals, as the Committee in its discretion may determine on the grant of
        such performance Award.

        (b)     Termination of Employment and Death. For purposes of Article V,
        an Employee Grantee's employment shall be deemed to have terminated at
        the close of business on the day on which he is no longer for any reason
        whatsoever (including his death) employed by the Company or a subsidiary
        or an affiliated entity of the Company. If an Employee Grantee's
        employment is terminated for any reason whatsoever (including his
        death), all of his rights with respect to each share of Performance
        Stock and each Performance Unit granted to him which is not then vested
        shall wholly and completely terminate:

        (i)     At the time the Employee Grantee's employment is terminated if
        termination is for any reason other than retirement, disability or
        death; or

<PAGE>
                                      --29

        (ii)    If the Employee Grantee's employment is terminated due to
        Retirement, Disability or death, at the time of such termination but
        only with respect to that portion of the Award which is equal to the
        fraction, the numerator of which is the number of full calendar months
        remaining in the Performance Period and the denominator of which is the
        total number of calendar months in the Performance Period; provided,
        however, the remaining, nonforfeited portion of the Award shall continue
        to be subject to the terms and conditions of the Performance Period and
        at the end of such Performance Period shall be forfeited and/or paid as
        unrestricted stock to the Employee Grantee depending on the achievement
        of the goals for such Performance Period; provided, further however, the
        Committee may, in its sole discretion, deem the terms and conditions
        have been met at the date of such termination for all or part of such
        remaining, nonforfeited portion of the Performance Stock award or
        Performance Unit award.

        (c)     Performance Awards not Transferable. No shares of Performance
        Stock or Performance Units shall be transferable during a Performance
        Period otherwise than by will or by the laws of descent and
        distribution. Any attempt to transfer, assign, pledge, hypothecate or
        otherwise dispose of, or to subject to execution, attachment or similar
        process, any shares of Performance Stock or Performance Units, or any
        right thereunder, contrary to the provisions hereof, shall be void and
        ineffective, shall give no right to the purported transferee, and shall,
        at the sole discretion of the Committee, result in forfeiture of the
        shares of the Performance Stock or Performance Units involved in such
        attempt.

3.      Amendment. The Committee may, with the consent of the Employee Grantee
awarded any outstanding Performance Stock or Performance Units, amend the
performance objectives and/or the Performance Period for earning such Award.

4.      Acceleration upon a Change of Control. Notwithstanding any provision in
Article V or in any document or instrument

<PAGE>
                                      --30

evidencing the Performance Stock or Performance Units granted hereunder to the
contrary, upon the occurrence of a Change of Control each share of Performance
Stock and each Performance Unit previously granted under Article V which is not
then immediately vested in full shall be immediately vested and payable in full
upon such event.

5.      Other Provisions.

        (a)     No grant of Performance Stock or Performance Units shall be
        construed as limiting any right which the Company or any subsidiary or
        affiliated entity of the Company may have to terminate at any time, with
        or without cause, the employment of any person to whom such Award has
        been granted.

        (b)     Each certificate representing Performance Stock awarded under
        the Plan shall be registered in the name of the Employee Grantee and,
        during the Performance Period, shall be left in deposit with the Company
        and a stock power endorsed in blank. The grantee of Performance Stock
        shall have all the rights of a stockholder with respect to such shares
        including the right to vote and the right to receive dividends or other
        distributions paid or made with respect to such shares. Any certificate
        or certificates representing shares of Performance Stock shall bear a
        legend similar to the following:

                The shares represented by this certificate have been issued
                pursuant to the terms of the Calspan SRL Corporation 1995 Stock
                Incentive Plan and may not be sold, pledged, transferred,
                assigned or otherwise encumbered in any manner except as is set
                forth in the terms of such award dated __________ 19___.

        After the satisfaction of all of the terms and conditions set by the
        Committee with respect to an award of (i) Performance Stock, a
        certificate, without the legend set forth above, for the number of
        shares of Common Stock that are no longer subject to such restrictions,
        terms and conditions shall be delivered to the employee and (ii)

<PAGE>
                                      --31

        Performance Units, a certificate for the number of shares of Common
        Stock equal to the number of Performance Units vested shall be delivered
        to the employee. The remaining unearned shares of Performance Stock
        issued with respect to such Award, if any, or unearned Performance
        Units, as the case may be, shall either be forfeited back to the Company
        or, if appropriate under the terms of the Award applicable to such
        shares or units, shall continue to be subject to the restrictions, terms
        and conditions set by the Committee with respect to such Award.

                                   ARTICLE VI

                                   BONUS STOCK

The Committee may, from time to time and subject to the provisions of the Plan,
grant shares of Bonus Stock to key employees and officers (whether or not they
are directors) of the Company, its subsidiaries and affiliated entities. Bonus
Stock shall be shares of Common Stock that are not subject to a Performance
Period under Article V.

                                   ARTICLE VII

                              WITHHOLDING FOR TAXES

Any issuance of Common Stock pursuant to the exercise of an option or other
Award under the Plan shall not be made until appropriate arrangements
satisfactory to the Company have been made for the payment of any tax amounts
(federal, state, local or other) that may be required to be withheld or paid by
the Company with respect thereto. Such arrangements may, at the discretion of
the Committee, include allowing the optionee or grantee to tender to the Company
shares of Common Stock owned by the optionee or grantee, or to request the
Company to withhold shares of Common Stock being acquired pursuant to the Award,
whether through the exercise of an option or as a distribution of earned
Performance Stock, payment of earned Performance Units or as Bonus Stock, which
have an aggregate FMV Per Share as of the date of such withholding that is not
greater than the sum of all tax amounts to be withheld with respect thereto,
together with payment of any remaining portion of such tax amounts in cash or by
check payable and acceptable to the Company.

<PAGE>
                                      --32

Notwithstanding the foregoing, if on the date of an event giving rise to a tax
withholding obligation on the part of the Company the optionee is an officer or
individual subject to Rule 16b-3, such tax withholding shall be automatically
effectuated by the Company withholding the necessary number of shares of Common
Stock (at the tax rate required by the Code) from such Award payment or option
exercise.<PAGE>
                                                                   EXHIBIT 10.20

                            VEDA INTERNATIONAL, INC.

                                STOCK OPTION PLAN

        NOTHING IN THIS PLAN SHALL CONFER UPON YOU ANY RIGHT TO
        CONTINUING EMPLOYMENT BY THE CORPORATION OR ANY OTHER MEMBER OF
        THE VEDA GROUP OF COMPANIES OR SHALL INTERFERE WITH OR RESTRICT
        IN ANY WAY THE RIGHTS OF THE CORPORATION OR ANY OTHER MEMBER OF
        THE VEDA GROUP OF COMPANIES PURSUANT TO YOUR STATUS AS AN AT
        WILL EMPLOYEE TO DISCHARGE YOU AT ANY TIME FOR ANY REASON.

        PARTICIPANTS ARE CAUTIONED THAT THE CORPORATION IS NOT
        FURNISHING TAX ADVICE AND THAT PARTICIPANTS SHOULD CONSULT THEIR
        PERSONAL TAX ADVISORS CONCERNING THE TAX CONSEQUENCES OF
        PARTICIPATING IN THE PLAN.

<PAGE>

                            VEDA INTERNATIONAL, INC.

                                STOCK OPTION PLAN

        This Stock Option Plan (the "Plan") of VEDA International, Inc., a
Delaware corporation (the "Corporation"), was originally unanimously approved by
the Board of Directors of the Corporation at a meeting held on February 8, 1988,
and was further adopted by the required affirmative vote of the holders of
shares issued and authorized to vote at a meeting of stockholders on February 8,
1988, and was further amended on February 7,1989.

        This Plan, as amended and restated herein, has been unanimously approved
by the Board of Directors of the Corporation at a meeting held on January
26,1996, and further adopted by the required affirmative vote of the holders of
shares issued and authorized to vote at a meeting of stockholders on January 26,
1996. The Plan was further amended for clarification and unanimously approved by
the Board of Directors in a regular meeting of the Board of Directors of the
Corporation on January 17, 1997. This Plan, as amended and restated, shall be
effective as of January 17, 1997.

        1.      Purpose. The Board of Directors of the Corporation (the "Board")
deems it in the best interests of the Corporation that certain officers and
other key employees be given the opportunity to acquire stock in the Corporation
in order to provide them with an incentive to promote the success of the
Corporation. In order to provide such additional incentives for outstanding
performance, certain cumulative net profit goals, as described in the Notice and
Optionee Agreement, are established which must be achieved in order to exercise
these options.

        Each Option granted under this Plan will be designated as either an
"Incentive Stock Option" or a "Nonqualified Stock Option." The Board intends
that each Option designated as an Incentive Stock Option granted under this Plan
will qualify as an incentive stock option within the meaning of the provisions
of Section 422(b) of the Internal Revenue Code of 1986, as presently in effect
or as hereafter amended (the "Code").

        2.      Definitions. The following definitions shall be applicable to
the terms used in the Plan:

                A.      "Incentive Stock Option" means an Option granted
pursuant to this Plan intended to qualify and designated as an incentive stock
option within the meaning of Section 422(b) of the Code and any other applicable
provisions of the Code.

                B.      "Nonqualified Stock Option" means any Option granted
pursuant to this Plan other than an Incentive Stock Option.

<PAGE>

                C.      "Option" or "Stock Option" means any stock option
granted pursuant to this Plan.

                D.      "Eligible Individual" means any officer or other key
employee of the Corporation or any Subsidiary Corporation. Options may be
granted under this Plan only to such officers and other key employees of the
Corporation or any Subsidiary Corporation.

                E.      "Optionee" means any Eligible Individual who is granted
a Stock Option as provided in this Plan. The designation of Optionees shall be
made in the absolute discretion of the Board or a committee of at least three
(3) persons appointed by the Board ("Committee").

                F.      "Subsidiary Corporation" means any present or future
subsidiary corporation of the Corporation as such term is defined in Section
424(f) of the Code.

                G.      "Optionable Shares" means the authorized and unissued or
reacquired shares of the Class B Common Stock of the Corporation available to be
issued under the Plan.

                H.      "Exercised Shares" means those Optionable Shares which
have been exercised by an Optionee under an Option granted under the provisions
of this Plan.

                I.      Wherever appropriate, words used in this Plan in the
singular may mean the plural, and plural may mean the singular, and the
masculine may mean the feminine or neuter.

        3.      Term of Option. The term of an Option will not be longer than
ten (10) years from the date of grant; provided, however, the term of the Option
for an Optionee possessing more than ten percent (10%) of the total combined
voting power of all classes of the Corporation's stock shall not be longer than
five (5) years. The granting of any Option to an Eligible Individual shall
neither entitle such person to, nor disqualify such person from, receiving
additional Options.

        4.      Aggregate Number of Shares. No more than one million (1,000,000)
shares of the Corporation's authorized but unissued shares of Class B Common
Stock with a par value of One One-hundredth Cent ($0.0001) per share may be
issued under the Plan, subject to adjustment pursuant to Paragraph 9.

        5.      Administration. The Plan shall be administered by the Board or
the Committee. The Committee may exercise all authority given to the Board in
this Plan. The Board or Committee shall have authority, subject to the terms of
the Plan:

                A.      to determine (i) the Eligible Individuals to whom
Options shall be granted, (ii) the number of shares of stock to be Abject to
each Option, (iii) whether such Option shall be designated an Incentive Stock
Option or a Nonqualified Stock Option, (iv) the purchase price of the shares of
stock under each Option, (v) the performance criteria which must be achieved to

                                      -2-
<PAGE>

permit the Option to be exercised, (vi) the times at which Options shall be
granted, and (vii) the provisions of the instruments by which Options shall be
evidenced;

                B.      to interpret the Plan; and

                C.      to make all determinations necessary or advisable for
the administration of the Plan.

        6.      Granting of Options. Options may be granted under the Plan for a
period of ten (10) years from the initial adoption of this Plan on February 8,
1988.

        7.      Provisions of Options. Options shall be evidenced by instruments
in such forms as the Board or Committee may from time to time approve. Options
shall conform to the following:

                A.      Option Price. Each Option shall state the price ("Option
Price") which shall be determined by the Board or Committee in accordance with
the following:

        In the case of an Incentive Stock Option, the Option Price shall be not
less than the fair market value of the Optionable Shares at the date the Option
is granted and shall be based upon the following:

                        (1)     The fair market value shall be the price per
share established for the stock in the last effective Certificate of Agreed
Value established pursuant to the VEDA International, Inc. Shareholders
Agreement of January 25, 1989, as amended from time to time. The amount shall be
increased or decreased by the Corporation's per share change in the Stockholders
Equity from the effective date of such Certificate to the end of the
Corporation's quarterly accounting period immediately preceding the date of the
grant hereunder.

                        (2)     In the event that the Corporation adopts an
Employee Stock Ownership Plan ("ESOP"), the fair market value shall be the price
per share last established by an independent appraisal for ESOP transactions, as
soon as such appraised value becomes available. The amount shall be increased or
decreased by the Corporation's per share change in the Stockholders Equity from
the effective date of such appraisal to the end of the Corporation's quarterly
accounting period immediately preceding the date of the grant hereunder.

                        (3)     If an Optionee owns at the time the Option is
granted stock possessing more than ten percent (10%) of the total combined
voting power of all classes of the Corporation's stock, then the Option Price
shall be one hundred ten percent (110%) of the fair market value as determined
herein of the Optionable Shares.

        In the case of a Nonqualified Stock Option, the Option Price shall be
the price per share determined by the Board, or the Committee in their absolute
discretion; provided, however, that the Option Price shall not be less than the
fair market value of the Optionable Shares at the date the Option is granted.

                                      -3-
<PAGE>

                B.      Exercisability. Each Option may be exercised by an
Optionee in one or more installments at the time or times provided in the
instrument evidencing the Option, and provided any performance criteria or other
criteria, if any, stated in the Option are achieved. An Optionee is under no
obligation to exercise an Option or any part thereof. The purchase of any stock
pursuant to this Plan shall be closed at the office of the Corporation on a date
selected by the Corporation or Optionee but not more than thirty (30) days after
the end of the Option term.

                C.      Notice of Exercise. An Option may be exercised from time
to time in accordance with this Paragraph 7 by the Optionee's giving to the
Secretary of the Corporation notice in writing of the number of whole shares to
be purchased. The Corporation shall not in any case be required to issue and
sell a fractional share of stock.

                D.      Stock Restrictions. All Exercised Shares issued under
this Plan shall be restricted stock, subject to the terms and conditions of the
VEDA International, Inc. Shareholders Agreement of January 25, 1989, as amended
from time to time (the "Shareholders Agreement"). At the time of the delivery of
the Exercised Shares, the Optionee shall deliver to the Corporation a written
statement that he intends to hold the Exercised Shares for investment and not
with a view to resale or distribution thereof to the public. An investment
legend shall be inscribed on the stock certificates. Certificates issued
representing Exercised Shares may be marked with appropriate legends restricting
their transfer or other disposition to insure compliance with any applicable
provisions of law and in compliance with the Shareholders Agreement.

                E.      Payment and Delivery of Exercised Shares. The Optionee
shall make full payment for the Exercised Shares within thirty (30) days of his
exercise of an Option. Full payment of the Option Price for the Exercised Shares
shall be made in cash, by check drawn on sufficient funds, or by swapping
Corporate shares already owned by Optionee. The Optionee shall not have any
rights or privileges of a shareholder of the Corporation in respect of the
Exercised Shares until certificates representing such Exercised Shares shall
have been issued and delivered to the Optionee in accordance with this Plan. The
Corporation shall deliver certificates, evidencing the Exercised Shares, to the
Optionee within a reasonable period of time; provided, however, that if any law,
regulation, or agreement requires the Corporation to take any action with
respect to such Exercised Shares before such delivery, then the date for such
delivery shall be extended for the period necessary to take such action.

                F.      Termination. Each Incentive Stock Option by its terms
shall not be exercisable more than three (3) months after the date of
termination of employment or service of the Optionee (or twelve (12) months if
such termination was a result of the disability or death of the Optionee) by the
Corporation or any Subsidiary Corporation. Each Nonqualified Stock Option by its
terms shall not be exercisable after the date of termination of employment or
service of the Optionee by the Corporation or any Subsidiary Corporation.
Military, sick leave or other bona fide leave of absence approved by the Board
shall not be considered a termination of employment or service of the Optionee.

                                      -4-
<PAGE>

                G.      Assignability. No Option may be transferred by the
Optionee other than by will or the laws of descent and distribution. Options
shall be exercisable during the Optionee's lifetime only by the Optionee. No
Option granted hereunder may be pledged or hypothecated, nor shall any such
Option be subject to execution, attachment or similar process. Upon any attempt
by the Optionee to assign, transfer (other than by will or the laws of descent
and distribution), pledge or otherwise dispose of an Option or any rights of an
Optionee thereunder, such Option shall immediately become null and void and the
rights and privileges of the Optionee thereunder shall immediately terminate.

                H.      Aggregate Limitation. The aggregate fair market value
(determined as of the time the Option is granted) of the shares for which any
Optionee may be granted Incentive Stock Options that are exercisable for the
first time by the Optionee in any calendar year (under this and any other plans
of the Corporation or a parent or subsidiary corporation of the Corporation or
any predecessor of such corporation) shall not exceed $100,000.00. There shall
be no aggregate limitation on the fair market value of the shares for which an
Optionee may be granted as Nonqualified Stock Options.

                I.      Expired Options. If any Option granted under this Plan
is terminated or expires for any reason whatsoever, in whole or in part, the
Optionable Shares subject to the particular Option shall again be available for
grant under this Plan.

        8.      Merger, Consolidation. Etc. If there shall be any merger,
consolidation, acquisition of property or stock separation, reorganization, or
liquidation, or any sale of all or substantially all of the Corporation's
property and assets to any other corporation or corporations (collectively, a
"Corporate Event"), the Corporation, subject to the provisions of the instrument
evidencing the Option, will accelerate the exercisability of the option shares
to the date of the Corporate Event.

        9.      Stock Dividends and Other Dilutions, Etc. If the Corporation
shall issue any additional shares of stock by way of a stock dividend on, or
split up, subdivision, or reclassification of, its outstanding Class B Common
Stock, then the Option shall be deemed to cover such additional shares of stock
to the extent that the additional shares of stock would have been issued to the
Optionee had the Optionable Shares then remaining subject to the Option been
delivered to the Optionee at the time of such stock dividend, split up,
subdivision, or reclassification, and there shall be a corresponding
proportionate adjustment to the Option Price per Optionable Share remaining
subject to the Option so that the aggregate Option Price shall be the same as
the aggregate Option Price for the Optionable Shares remaining subject to the
Option immediately prior to the issuance of such additional shares of stock.

        10.     Compliance with Statutes and Regulations. In the event the
Corporation shall determine that, in compliance with the Securities Act of 1933
or other applicable statutes or regulations, it is necessary to register any of
the shares of stock with respect to which an Option has been exercised or to
qualify any such shares for exemption from any of the requirements of the
Securities Act of 1933 or other applicable statute or regulations, then the
Corporation shall

                                      -5-
<PAGE>

immediately take such necessary action, at its own expense, and the Optionable
Shares shall not be delivered until such action has been taken.

        11.     Application of Funds. All proceeds received by the Corporation
from the exercise of Options shall be paid into its treasury. Such proceeds
shall be used for general corporate purposes.

        12.     Notices. All notices and elections by an Optionee shall be in
writing and delivered in person or by mail to the Secretary of the Corporation
at the principal office of the Corporation.

        13.     Amendment. The Board may, insofar as permitted by law, from time
to time, with respect to any shares at the rime not subject to Options, suspend
or discontinue the Plan or revise or amend it in any respect whatsoever except
that, without approval of the stockholders of the Corporation, no such revision
or amendment shall change the number of shares subject to the Plan, change the
designation of the class of persons eligible to receive Options or decrease the
price at which Incentive Stock Options may be granted.

        14.     Governing Law. This Plan shall be governed by, and construed in
accordance with, the laws of the Commonwealth of Virginia.

        15.     Construction. In the event any parts of this Plan are found to
be void, the remaining provisions of this Plan shall nevertheless be binding
with the same effect as though the void parts were deleted.

        16.     No Obligation to Exercise. The grant of an Option hereunder
shall impose no obligation upon the Optionee to exercise such Option.

                                      -6-
<PAGE>

                                     VEDA INTERNATIONAL, INC.,
                                     a Delaware corporation

Dated:  January 17, 1997             By:/s/ C.R. VARBLOW
      -------------------------         ----------------------------------------
                                         Name:  C. R.Varblow
                                         Title: Chairman and Senior Vice
                                                President

ATTEST:

/s/ P.D. SEIDLER
-------------------------------------------
Asst. Secretary

                                      -7-

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