Document:

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                                                                   EXHIBIT 10.16

                          SAP Global Partner - Services

                                    Agreement

between        SAP AG
               Systems, Applications Products in Data Processing
               Neurottstrasse 16
               69190 Walldorf
               Germany
               (hereinafter: SAP)

and            BearingPoint, Inc.
               1676 International Drive
               McLean, VA 22102
               USA

               (hereinafter: BearingPoint)

1.   Subject of the Agreement

     The subject of this Agreement is the worldwide cooperation of the parties
     hereto within the scope of the SAP Partner Value Net Program of SAP. The
     objective of this Agreement is to further the implementation of SAP's
     software systems with the assistance of BearingPoint in its capacity as an
     experienced consulting firm. Within the framework of this Agreement, the
     parties hereto shall promote and support cooperation on a national level
     and strive to conclude cooperation agreements to this effect.

2.   Scope of the Agreement

2.1  This Agreement shall form the basis for the worldwide cooperation of the
     parties hereto. It shall be detailed and supplemented in (local/national)
     cooperation agreements to be concluded between the respective SAP
     subsidiaries and the local representatives of BearingPoint.

2.2  This Agreement shall not affect any cooperation agreements already existing
     on the local/national level. Inasmuch as such local/national agreements
     contain any provisions, which conflict with or supplement this Agreement,
     the former shall take precedence.

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3.   Relationship of the Parties to the Agreement

3.1  BearingPoint and SAP are independent contractors acting for their own
     account, and neither party or its employees are authorized to make any
     representation otherwise or any commitment on the other party's behalf
     unless previously authorized by such party in writing. Neither party is
     responsible to any end user for the quality of services or products
     provided by the other party. Each party is solely responsible for
     establishing the prices for it's own products.

3.2  The rights granted shall neither be exclusive nor transferable.

3.3  Neither party hereto shall be authorized to make statements or promises on
     behalf of the other party or to commit the other party to providing
     services for a customer/prospect.

3.4  This agreement shall not establish any distribution rights or rights to
     remuneration, therefore neither party is a distributor or agent for the
     products or services of the other. The parties hereto may agree to make
     favorable reference to the services or products of the other party.

3.5  The parties hereto shall quarterly (based on the agreed review dates in the
     business plans mentioned in 3.6 below) inform each other about global
     market trends, especially those affecting the SAP market, upcoming
     projects, and any problems that occur. The parties hereto shall treat this
     information confidentially.

3.6  This cooperation is based on the business plans of the respective parties
     for worldwide cooperation. These plans shall be adopted annually and
     updated quarterly. They may be based on the business plans adopted annually
     and updated quarterly according to the national/local cooperation
     agreements.

3.7  The parties hereto shall set up a Cooperation Board to coordinate the
     cooperation efforts and to ensure the exchange of information between the
     parties on all important matters relating to the cooperation. This
     Cooperation Board shall consist of a representative from top management
     (Executive Sponsor) and a contact person from Alliance Management
     (BearingPoint Account Manager) respectively, who shall be available to
     answer any questions affecting the cooperation. This Cooperation Board
     shall meet at least twice a year, and if necessary more often (Executive
     Meetings). The parties hereto shall appoint the members of the Cooperation
     Board within four weeks of concluding this Agreement.

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4.   Services of BearingPoint

4.1  Bearing Point shall use commercially reasonable efforts to acquire and
     maintain a comprehensive, in depth knowledge of SAP Products. The parties
     shall address terms relative to training and certification of BearingPoint
     consultants in a separate agreement BearingPoint agrees to fulfill further
     BearingPoint obligations as described in the SAP BearingPoint Value Net
     Handbook as specified in Exhibit C.

4.2  BearingPoint shall appoint a contact person to coordinate the worldwide
     cooperation of the parties. This person shall be authorized to make binding
     statements on behalf of BearingPoint and to accept statements on behalf of
     BearingPoint as well as to make or bring about any necessary decisions.
     BearingPoint shall also name an executive who shall be available, in
     addition to the contact person, to deal with any problems and questions
     arising in connection with the cooperation. BearingPoint shall list in
     Exhibit B hereto the territories/countries within it will provide
     consulting services around SAP Products. Any updates to that list shall be
     made in the business plans mentioned in Section 3.6 above.

4.3  BearingPoint shall actively participate in Executive Meetings. The
     BearingPoint Account Manager and the Executive Sponsor as defined in
     Section 3.8 above shall be obliged to participate.

4.4  BearingPoint may make favorable reference to SAP products.

4.5  BearingPoint agrees to make its name and logo available to SAP for SAP's
     use in promoting BearingPoint's services under the SAP Alliance Partner
     Program in accordance with the terms of BearingPoint's logo policies, which
     are attached hereto as Exhibit E and incorporated herein by reference.
     Prior to each new use, SAP shall submit the proposed use to the
     BearingPoint for its consent.

4.6  Within the scope of the SAP partnership program, BearingPoint shall
     endeavor to promote the conclusion of local/national cooperation agreements
     worldwide and shall support existing cooperation agreements on the national
     level.

5.   Services of SAP

5.1  SAP shall appoint a contact person to coordinate the worldwide cooperation
     of the parties. This person shall be authorized to make binding statements
     on behalf of SAP and to accept statements on behalf of SAP as well as to
     make or bring about any necessary decisions. SAP shall also name an
     executive who shall be available, in addition to the contact person, to
     deal with any problems and questions arising in connection with the
     cooperation.

5.2  SAP shall hold Executive Meetings for the members of the Cooperation Board
     at regular intervals.

5.3  As a Global Partner, BearingPoint is entitled to use the partner logo "SAP
     Global Partner-Services" for the term of this Agreement and according to
     the terms set forth in Exhibit A which will identify it as an official SAP
     Partner. The partner logo may be used

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     by BearingPoint on a global basis. Prior to each new use, the Partner shall
     submit the proposed use to SAP for its consent.

5.4  SAP may make favorable reference to BearingPoint's consulting services in
     its dealings with customers/prospects.

5.5  To translate the global cooperation to the national level, SAP shall
     promote the conclusion of national cooperation agreements and support
     national cooperation efforts.

5.6  SAP may provide to Partner marketing activities as specified in Exhibit D
     and separately agreed between the parties based on the relevant business
     plan.

6.   Liability

     Neither party shall be liable under this Agreement unless in the case of
     negligence, willful misconduct, breach of confidentiality or the
     misappropriation of any parties trademarks according to Sections 4.5. and
     5.3. In the case of negligence, liability shall be limited to typical
     foreseeable damages up to fifty thousand ($50,000) USD. The parties hereto
     are liable to exercise the same diligence in their dealings with one
     another as they usually employ in their own business affairs.

7.   Copyright

     As between the Parties hereto, each Party will retain ownership of all of
     its products, proprietary materials, trademarks and/or service marks used
     in the performance of this Agreement, including but not limited to
     software, designs, demoware, prototypes, tools, techniques, documentation,
     methodology and all other Confidential Information. The Parties will not
     jointly develop any enhancements, documentation or other materials except
     pursuant to a separate written agreement, which shall address, among other
     things, the scope of work, the responsibilities of each Party for their
     respective development efforts, as well as ownership, rights to use,
     confidentiality and duty to account to the other for the exploitation and
     use of the jointly developed property.

     BearingPoint acknowledges that the entire copyright to SAP's software, its
     accompanying documentation, and other documents and information pertaining
     to the software and all other intellectual property rights in the software
     are the sole property of SAP.

8.   Confidentiality

8.1  "Confidential Information" shall mean all documents, software and
     documentation, reports, financial or other data, records, forms, tools,
     products, services, methodologies, present and future research, technical
     knowledge, marketing plans, trade secrets, and other materials obtained by
     BearingPoint and SAP from each other in the course of performing hereunder,
     whether tangible or intangible and whether or not stored, compiled, or
     memorialized physically, electronically, graphically or in writing.
     Confidential Information shall include, without limitation, the terms of
     this Agreement and all records and information (i) that have been marked or

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     identified as "proprietary," "confidential," or a "trade secret," (ii)
     whose confidential nature has been made known by BearingPoint or by SAP as
     a receiving party, or (iii) that due to their character and nature a
     reasonable person under like circumstances would treat as confidential.
     Notwithstanding the foregoing, Confidential Information does not include
     and shall cease to include as the case may be, either Party's information
     which: (i) is already known to the other Party at the time of disclosure;
     (ii) is or becomes publicly known through no wrongful act or failure of the
     other Party; (iii) is independently developed by the other Party without
     benefit of the disclosing Party's Confidential Information; or (iv) is
     received from a third party which is not under and does not thereby breach
     an obligation of confidentiality.

8.2  The Parties may, in connection with this Agreement, disclose Confidential
     Information to each other. The Parties agree that Confidential Information
     shall not be provided or disclosed to anyone except those employees of the
     receiving Party with a need to know under this Agreement. Notwithstanding
     the above, both Parties' financial information and all information
     disclosed by BearingPoint or SAP about their current and future software
     products and technologies shall be considered Confidential Information
     without regard to the form of disclosure or to whether such information was
     identified as confidential or proprietary. Confidential Information may be
     used by receiving Party solely in connection with performance of its
     obligations under this Agreement. Each Party agrees to protect the other's
     Confidential Information at all times and with the same degree of care that
     it regularly employs to safeguard its own proprietary and Confidential
     Information from unauthorized use or disclosure, but in no event with less
     than a reasonable degree of care.

8.3  Neither Party shall, except with respect to those of its employees with a
     need to know under this Agreement, use or disclose to any person, firm or
     entity any Confidential Information of the other Party without such other
     Party's express, prior written permission; provided, however, that
     notwithstanding the foregoing, either Party may disclose Confidential
     Information to the extent that it is required to be disclosed pursuant to a
     statutory or regulatory provision or court order. Each Party shall deliver
     to the other Party such other Party's Confidential Information and all
     copies thereof when such other Party requests the same or immediately upon
     termination of this Agreement, whichever occurs earlier, except for one
     copy thereof that BearingPoint may retain for its records for use in its
     internal quality assurance processes.

8.4  The obligations and restrictions of confidentiality imposed by this Section
     8 shall survive any termination of this Agreement for a period of two (2)
     years from the date of expiration or termination.

8.5  No rights or licenses to or under patents, trademarks, copyrights, trade
     secrets or other intellectual property rights are granted or implied by any
     disclosure of Confidential Information by the disclosing Party.
     Confidential Information and any and all copies thereof shall remain the
     property of the disclosing Party and shall be destroyed or returned upon
     the request of the disclosing Party. Within thirty (30) days after
     termination of this Agreement, both parties shall prepare all items in its
     possession containing the other parties Information for shipment, as
     directed by the other party, at the other parties expense. Neither party
     shall not make or retain any copies of any Confidential Information which
     may have been entrusted to it.

9.   Press Releases and Publicity

     Any new release, public announcement, advertisement or publicity proposed
     to be released by either party concerning any item arising under this
     Agreement shall be subject to the approval of the designated
     representatives of both parties.

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10.  Non-solicitation

     During the term of this Agreement and for one (1) year after its
     termination, SAP and BearingPoint agree that neither shall directly solicit
     for employment any staff of the other party who have been directly and
     substantively involved in performance under this Agreement, without the
     written consent of the other party.

11.  Term and Termination

11.1 This Agreement shall come into effect upon being signed by both parties,
     with an initial term of two (2) years, with one automatic renewal for one
     two (2) additional years term unless, at least six (6) weeks prior to the
     renewal date, either party gives written notice of its intention not to
     renew this Agreement.

11.2 If either Party markets and/or develops products and/or services on a large
     scale which are in direct competition with the other Party's products
     and/or services, and if the other Party deems that the cooperation is
     therefore no longer meaningful, such Party shall be entitled to terminate
     this Agreement by giving six weeks' notice. Furthermore either party shall
     be entitled to terminate this Agreement by giving six weeks' notice if the
     other party becomes subject to a change in its ownership that is not
     reasonable acceptable to the terminating party.

11.3 Without prejudice to the right to terminate the Agreement for an important
     reason, this Agreement may also be terminated at six weeks' notice if
     either party persistently fails to perform any material obligations
     hereunder including but not limited to the obligations described in the
     business plans mentioned in Section 3.6 above, in spite of having received
     written notice threatening termination.

11.4 Notice of termination must be in writing.

11.5 Following the termination of this Agreement, all the rights and obligations
     hereunder shall expire unless otherwise stipulated.

11.6 Termination of this Agreement shall not affect any other existing
     agreements between the parties.

12.  Dispute Resolution Procedures

     In the event of a dispute arising out of this Agreement or in connection
     with the cooperation efforts in general, the Cooperation Board shall
     attempt to bring about an amicable settlement. If a settlement cannot be
     reached at this level, the matter shall be decided at executive level.

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14.  General Provisions

14.1 All notices required to be given under this Agreement shall be sent by
     certified mail to:

with a copy to:

BearingPoint, Inc.
1676 International Drive
McLean, VA 22102
Attention: Legal Department,
Alliances

   Attention:

and to

                  SAP AG
                  Neurottstrasse 16
                  69185 Walldorf
                  Germany

     Attention:   Legal Department

14.2 Any amendments to this Agreement must be made in writing. Oral agreements
     shall not be valid.

14.3 This Agreement shall be governed by the laws of the Federal Republic of
     Germany.

14.4 This Agreement shall be subject to the jurisdiction of the courts of
     Frankfurt, Germany.

14.5 If any of the provisions of this Agreement are held invalid, such
     provisions shall be deemed severed and the remaining provisions shall
     remain in full force and effect. Instead of the invalid provision, a
     legally effective provision designed to achieve the same purpose shall be
     deemed to have been agreed. The same applies to provisions supplementing
     the Agreement.

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SAP Aktiengesellschaft                   BearingPoint, Inc.

By: /s/ Stephan Rossir                   By: /s/ Gail P. Steinel
    ---------------------------------        -----------------------------------

Print Name: Stephan Rossir               Print Name: Gail P. Steinel
            --------------------------

Title: SVP GPM                           Title: Executive Vice President
       -------------------------------

Date: 8.3.3                              Date: 20-02-2003
      --------------------------------

By: /s/ Kerstin Tinter                   By: /s/ Brigitte Wallesch
    ---------------------------------        -----------------------------------

Print Name: Kerstin Tinter               Print Name: Brigitte Wallesch
            --------------------------

Title: Global Partner Director           Title: Vice President
       -------------------------------

Date: 12-03-2003                         Date: 20-02-2003
      --------------------------------

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                                                                   EXHIBIT 10.18

                               BearingPoint, Inc.

                          EMPLOYEE STOCK PURCHASE PLAN

          1. Purpose. The purpose of the BearingPoint, Inc. Employee Stock
Purchase Plan (the "Plan") is to provide employees of BearingPoint, Inc., a
Delaware corporation (the "Company"), and its Affiliates (as defined below)
added incentive to remain employed by such companies and to encourage increased
efforts to promote the best interests of such companies by permitting eligible
employees to purchase shares of common stock, par value $0.01 per share, of the
Company ("Common Stock") at below-market prices. The Company intends to use
reasonable efforts to have the Plan qualify as an "employee stock purchase plan"
under Section 423 of the Internal Revenue Code of 1986, as amended (the "Code").
However, the Company does not undertake or represent that the Plan complies or
will continue to comply with Section 423 of the Code. In addition, this Plan
authorizes the grant of options and issuances of Common Stock which do not
qualify under Section 423 of the Code pursuant to sub-plans adopted by the
Committee designed to achieve desired tax or other objectives in particular
locations or with respect to particular entities. For purposes of the Plan, the
term "Affiliate" shall mean (i) any subsidiary corporation (other than the
Company) in an unbroken chain of corporations beginning with the Company, as
described in Section 424(f) of the Code (a "Subsidiary"); and (ii) any other
entity in which the Company has an equity interest or with which the Company has
a significant business relationship. Furthermore, "Designated Affiliate" shall
mean any Affiliate which has been designated by the Committee as eligible to
participate in the Plan with respect to its employees.

          2. Eligibility.

               (a) Eligible Employee. For any Offering Period (as defined in
Section 4) participation in the Plan shall be open to each employee of the
Company or any Designated Affiliate whose customary employment is for at least
20 hours per week as of the first day of any such Offering Period (hereinafter,
an "Eligible Employee"). No right to purchase Common Stock hereunder shall
accrue under the Plan in favor of any person who is not an Eligible Employee as
of the first day of the relevant Offering Period. For purposes of the Plan, the
term "employee" shall not include any individual who performs services for the
Company or any Designated Affiliate pursuant to an agreement (written or oral)
that classifies such individual's relationship with the Company or any
Designated Affiliate as other than a common law employee of the Company or any
Designated Affiliate, regardless of whether such individual is at any time
determined to be a common law employee of the Company or any Designated
Affiliate.

               (b) Limitations. Notwithstanding anything contained in the Plan
to the contrary, no Eligible Employee shall acquire a right to purchase Common
Stock hereunder to the extent that (i) immediately after receiving such right,
such employee would own 5% or more of the total combined voting power or value
of all classes of stock of the Company or any

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Subsidiary (including any stock attributable to such employee under Section
424(d) of the Code); or (ii) such right would permit such employee rights to
purchase Common Stock under all employee stock purchase plans, which qualify
under Section 423 of the Code, of the Company and its Affiliates to accrue at a
rate which exceeds $25,000 or such other amount as may be specified under
Section 423 of the Code of fair market value of such stock (as determined on the
first day of the Offering Period (as defined in Section 4) for any calendar year
during which such right is outstanding at any time. The determination of the
accrual of the right to purchase Common Stock shall be made in accordance with
Section 423(b)(8) of the Code and the regulations thereunder.

               (c) Rights and Privileges. All Eligible Employees who participate
in the Plan shall have the same rights and privileges under the Plan except for
differences which may be mandated by local law and which are consistent with
Section 423(b)(5) of the Code; provided, however, that Eligible Employees
participating in a sub-plan adopted pursuant to Section 16 hereof which is not
designed to qualify under Section 423 of the Code need not have the same rights
and privileges as Eligible Employees participating in the Section 423 Plan. The
Committee (as defined in Section 12) may impose restrictions on eligibility and
participation of Eligible Employees who are officers and directors to facilitate
compliance with federal or state securities laws or foreign laws.

          3. Effective Date of Plan. The Plan shall become effective on the date
of the commencement of the initial public offering of the Company's Common Stock
(the "Effective Date"). The Plan shall cease to be effective unless, within 12
months before or after the date of its adoption by the Board of Directors (the
"Board") of the Company, it has been adopted by the shareholders of the Company
at a duly-called meeting of such shareholders.

          4. Offering Periods and Purchase Periods.

               (a) Offering Periods. While the Plan is in effect, two
overlapping Offering Periods shall commence in each calendar year. The Offering
Periods shall consist of the twenty-four-month periods commencing on each
February 1 and August 1. The first Offering Period, however, shall commence on
the Effective Date and end on January 31, 2003. The Committee, in its
discretion, may change the ending date to coincide with the last day of a
calendar month so long as the first Offering Period does not exceed twenty-five
months.

               (b) Purchase Periods. While the Plan is in effect, two Purchase
Periods shall commence in each calendar year. The Purchase Periods shall consist
of the six-month periods commencing February 1 and August 1. The initial
Purchase Period, however, shall commence on the Effective Date, or as soon
thereafter as is administratively feasible. The Committee, in its discretion,
may shorten or lengthen the initial Purchase Period.

               (c) Participation. Each participant shall be granted a separate
right to purchase Common Stock for each Offering Period in which such
participant participates. The right shall be granted on the first day of the
Offering Period and shall be exercised automatically in successive installments
on the last day of each Purchase Period (the "Exercise Date") within such
Offering Period. An Eligible Employee may participate in only one Offering
Period at a time.

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               (d) Applicable Offering Period. For purposes of calculating the
Purchase Price under Section 6, the applicable Offering Period shall be
determined as follows:

               (i) Once a participant is enrolled in the Plan for an Offering
Period, such Offering Period shall continue to apply to him or her until the
earliest of (A) the end of such Offering Period, (B) the end of his or her
participation under Section 8 or (C) re-enrollment for a subsequent Offering
Period under Subsection (ii) or (iii) below.

               (ii) In the event that the Fair Market Value of the Common Stock
on the first day of the Offering Period for which the participant is enrolled is
higher than on the first day of any subsequent Offering Period, the participant
shall automatically be re-enrolled for such subsequent Offering Period.

               (iii) Any other provision of the Plan notwithstanding, the
Committee, in its discretion, may determine prior to the commencement of any new
Offering Period that all participants shall be re-enrolled for such new Offering
Period.

               (iv) When a participant reaches the end of an Offering Period but
his or her participation is to continue, then such participant shall
automatically be re-enrolled for the Offering Period that commences immediately
after the end of the prior Offering Period.

          5. Basis of Participation.

               (a) Payroll Deduction. Subject to compliance with applicable
rules prescribed by the Committee, each Eligible Employee shall be entitled to
enroll in the Plan as of the first day of any Offering Period which begins on or
after such employee has become an Eligible Employee, provided, however, that for
the first Offering Period under the Plan, each Eligible Employee with respect to
such Offering Period shall be entitled to enroll as of the date prescribed by
the Committee.

                    To enroll in the Plan, an Eligible Employee shall make a
request to the Company or its designated agent, at the time and in the manner
prescribed by the Committee, specifying the amount of payroll deduction to be
applied to the compensation paid to the employee by the employee's employer
while the employee is a participant in the Plan. The amount of each payroll
deduction specified in such request for each such payroll period shall be a
whole percentage of a participant's compensation, unless otherwise determined by
the Committee to be a whole dollar amount, in either case not to exceed 15%, or
such lesser percentage as may be determined by the Committee, of the
participant's compensation (before withholding or other deductions) paid to him
or her during the Offering Period by the Company or any of the Designated
Affiliates. Subject to compliance with applicable rules prescribed by the
Committee, the request shall become effective on the first day of the Offering
Period following the day the Company or its designated agent receives such
request, provided, however, that for the first Offering Period under the Plan,
the request shall be effective as of the payroll period prescribed by the
Committee.

                    Payroll deductions (and any other amount paid under the
Plan) shall be made for each participant in accordance with such participant's
request until such participant's participation in the Plan terminates, such
participant makes a new request that

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changes the amount of payroll deductions, the participant elects to suspend his
or her participation in the Plan or the Plan terminates, all as hereinafter
provided.

                    A participant may change the amount of his or her payroll
deduction effective as of the first day of any Offering Period by so directing
the Company or its designated agent at the time and in the manner specified by
the Committee. The Committee may establish rules limiting the frequency with
which participants may discontinue and resume payroll deductions under the Plan
and may impose a waiting period on participants wishing to resume payroll
deductions following discontinuance. The Committee also may change the rules
regarding discontinuance of participation or changes in participation in the
Plan. Except to the extent otherwise determined by the Committee, a participant
may not change the amount of his or her payroll deduction effective as of any
date other than the first day of a Offering Period, except that a participant
may elect to suspend his or her participation in the Plan as provided in Section
8.

                    Payroll deductions for each participant shall be credited to
a purchase account established and maintained on behalf of the participant on
the books of the participant's employer or such employer's designated agent (a
"Purchase Account"). On each Exercise Date, the amount in each participant's
Purchase Account will be applied to the purchase of the number of shares of
Common Stock determined by dividing such amount by the Purchase Price (as
defined in Section 6) for the Purchase Period ending on such Exercise Date. No
interest shall accrue at any time for any amount credited to a Purchase Account
of a participant except where otherwise required by local law as determined by
the Committee. Unless otherwise specified by the Committee, payroll deductions
made with respect to employees paid in currencies other than U.S. dollars shall
be accumulated in local (non-U.S.) currency and converted to U.S. dollars as of
the Exercise Date.

               (b) Other Methods of Participation. The Committee may, in its
discretion, establish additional procedures whereby Eligible Employees may
participate in the Plan by means other than payroll deduction, including, but
not limited to, delivery of funds by participants in a lump sum or automatic
charges to participants' bank accounts. Such other methods of participating
shall be subject to such rules and conditions as the Committee may establish.
The Committee may at any time amend, suspend or terminate any participation
procedures established pursuant to this paragraph without prior notice to any
participant or Eligible Employee.

          6. Purchase Price. The purchase price (the "Purchase Price") per share
of Common Stock hereunder for a Purchase Period included in an Offering Period
shall be (a) in the case of the first Offering Period, the lesser of 85% of the
initial public offering price of a share of Common Stock and 85% of the fair
market value of a share of Common Stock on the Exercise Date within such
Purchase Period and (b) in the case of any Offering Period subsequent to the
first Offering Period, the lesser of 85% of the fair market value of a share of
Common Stock on the first day of such Offering Period and 85% of the fair market
value of a share of Common Stock on the Exercise Date within such Purchase
Period. If such sum results in a fraction of one tenth of one cent, the Purchase
Price shall be increased to the next higher tenth of one cent. For purposes of
the Plan, the fair market value of a share of Common Stock on a given day shall
be the last sale price of a share of Common Stock as reported on the New York
Stock Exchange on

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the date as of which such value is being determined, or, if the Common Stock is
listed on a national securities exchange, the last sale price of a share of
Common Stock on the principal national stock exchange on which the Common Stock
is traded on the date as of which such value is being determined, or if there
shall be no reported transactions for such date, on the next preceding date for
which transactions are reported, provided, however, that the fair market value
of a share of Common Stock on the first day of the first Offering Period under
the Plan shall be the price at which shares of Common Stock are first offered to
the public. In no event, however, shall the Purchase Price be less than the par
value of a share of Common Stock.

          7. Purchase Accounts and Certificates. The Common Stock purchased on
an Exercise Date by each participant shall be posted to such participant's
Purchase Account as soon as practicable after, and credited to such
participant's Purchase Account as of, such Exercise Date. Except as provided in
Section 8 and Section 9, a participant will be issued his or her shares when his
or her participation in the Plan is terminated, the Plan is terminated or upon
request, but, in the last case, only in denominations of at least 25 shares.

          After the close of each Purchase Period, information will be made
available to each participant regarding the entries made to such participant's
Purchase Account, the number of shares of Common Stock purchased and the
applicable Purchase Price. In the event that the maximum number of shares of
Common Stock are purchased by the participant for the Offering Period and cash
remains credited to the participant's Purchase Account, such cash shall be
delivered as soon as practicable to such participant. For purposes of the
preceding sentence, the maximum number of shares of Common Stock that may be
purchased by a participant for a Offering Period shall be determined under
Section 2.

          The Committee may permit or require that shares be deposited directly
with a broker designated by the Committee (or a broker selected by the
Committee) or to a designated agent of the Company, and the Committee may
utilize electronic or automated methods of share transfer. The Committee may
require that shares be retained with such broker or agent for a designated
period of time (and may restrict dispositions during that period) and/or may
establish other procedures to permit tracking of disqualifying dispositions of
such shares or to restrict transfer of such shares. The Committee may require
that shares purchased under the Plan shall automatically participate in a
dividend reinvestment plan or program maintained by the Company. The Company
shall retain the amount of payroll deductions used to purchase Common Stock as
full payment for the Common Stock and the Common Stock shall then be fully paid
and non-assessable.

          8. Suspension or Termination of Participation. A participant may elect
at any time, in the manner prescribed by the Committee, to suspend his or her
participation in the Plan, provided such election is received by the Company or
its designated agent prior to the date specified by the Committee for suspension
of participation during the Offering Period for which such suspension is to be
effective.

          Upon any suspension of participation, the participant's payroll
deductions shall cease and the cash credited to such participant's Purchase
Account on the date of such suspension shall be delivered as soon as practicable
to such participant. A participant who

                                       5

<PAGE>

elects to suspend participation in the Plan shall be permitted to resume
participation in the Plan by making a new request at the time and in the manner
described in Section 5 hereof.

          If the participant dies, terminates employment with the Company or the
Designated Affiliate for any reason, or otherwise ceases to be an Eligible
Employee, such participant's participation in the Plan shall immediately
terminate. Upon such terminating event, the cash credited to such participant's
Purchase Account on the date of such termination shall be delivered as soon as
practicable to such participant or his or her legal representative, as the case
may be without interest (except where required by local law) and certificates
for the number of full shares of Common Stock and the cash equivalent for any
fractional share held for such participant's benefit shall be issued to him or
her. The cash equivalent for any fractional share held for the benefit of a
participant shall be determined by multiplying the fractional share by the fair
market value of a share of Common Stock on the day immediately preceding such
election to receive such shares determined as provided in Section 6. Whether a
termination of employment has occurred shall be determined by the Committee. The
Committee also may establish rules regarding when leaves of absence or change of
employment status will be considered to be a termination of employment, and the
Committee may establish termination of employment procedures for this Plan which
are independent of similar rules established under other benefit plans of the
Company and its Affiliates.

          9. Termination or Amendment of the Plan. The Plan shall terminate on
June 30, 2026 unless earlier terminated by action of the Board or the Committee,
in which case notice of such termination shall be given to all participants, but
any failure to give such notice shall not impair the effectiveness of the
termination.

          Such termination shall not impair any rights that under the Plan shall
have vested on or prior to the date of such termination. If at any time the
number of shares of Common Stock remaining available for purchase under the Plan
are not sufficient to satisfy all then-outstanding purchase rights, the Board or
Committee may determine an equitable basis of apportioning available Common
Stock among all participants.

          The Board or the Committee may amend the Plan from time to time in any
respect for any reason; provided, however, no such amendment shall (a)
materially adversely affect any purchase rights outstanding under the Plan
during the Offering Periods in which such amendment is to be effected, (b)
increase the maximum number of shares of Common Stock which may be purchased
under the Plan, (c) decrease the Purchase Price of the Common Stock for any
Purchase Period below the lesser of 85% of the fair market value thereof on the
first day of the Offering Period containing such Purchase Period and 85% of such
fair market value on the last day of such Purchase Period or (d) adversely
affect the qualification of the Plan under Section 423 of the Code.

          Upon termination of the Plan, the number of full shares of Common
Stock held for each participant's benefit shall be issued as soon as practicable
to such participant and the cash equivalent of any fractional share so held
determined as provided in Section 8, and, except as otherwise provided in
Section 15, the cash, if any, credited to such participant's Purchase Account,
shall be distributed as soon as practicable to such participant.

                                       6

<PAGE>

          10. Non-Transferability. Rights acquired under the Plan are not
transferable and may be exercised only by a participant and any attempted
transfer shall be null and void and without effect. If a participant in any
manner attempts to transfer, assign or otherwise encumber his or her rights or
interest under the Plan, such act shall be treated as an election by the
participant to discontinue participation in the Plan pursuant to Section 8.

          11. Shareholder's Rights. No Eligible Employee or participant shall by
reason of the Plan have any rights of a shareholder of the Company until he or
she shall acquire Common Stock as herein provided.

          12. Administration of the Plan. The Plan shall be administered by a
committee appointed by the Board consisting of two or more members of the Board
(the "Committee"). In addition to the power to amend or terminate the Plan
pursuant to Section 9, the Committee shall have full power and authority to: (i)
interpret and administer the Plan and any instrument or agreement entered into
under the Plan; (ii) establish such rules and regulations and appoint such
agents as it shall deem appropriate for the proper administration of the Plan;
(iii) designate which Affiliates will participate in the Plan; and (iv) make any
other determination and take any other action that the Committee deems necessary
or desirable for administration of the Plan, including by way of illustration
the adoption of sub-plans applicable to specified Affiliates or locations or the
delegation of any of its power and authority to one or more individuals.
Decisions of the Committee shall be final, conclusive and binding upon all
persons, including the Company or its Affiliates, any participant and any other
employee of the Company or its Affiliates. A majority of the members of the
Committee may determine its actions and fix the time and place of its meetings.
The Committee may delegate to one or more individuals the day-to-day
administration of the Plan. The Company shall pay all expenses incurred in the
administration of the Plan. No Board or Committee member shall be liable for any
action or determination made in good faith with respect to the Plan or any
option granted thereunder.

          Except as otherwise provided in Section 2 above, the Plan shall be
administered so as to ensure that all participants have the same rights and
privileges as are provided by Section 423(b)(5) of the Code.

          13. Maximum Number of Shares. Subject to adjustment as hereinafter set
forth, the maximum number of shares of Common Stock that may be purchased under
the Plan is 19 million shares, plus an annual increase on the first day of each
of the Company's fiscal years beginning July 1, 2001 and ending June 30, 2026
equal to the lesser of (i) 30 million shares, (ii) three percent (3%) of the
shares outstanding on the last day of the immediately preceding fiscal year or
(iii) such lesser number of shares as is determined by the Board or the
Committee. Common Stock sold hereunder may be purchased for participants in the
open market (on an exchange or in negotiated transactions) or may be previously
acquired treasury shares, authorized and unissued shares, or any combination of
shares purchased in the open market, previously acquired treasury shares or
authorized and unissued shares. If the Company shall, at any time prior to, on
or after the Effective Date of the Plan, change its issued Common Stock into an
increased number of shares, with or without par value, through a stock dividend
or a stock split, or into a decreased number of shares, with or without par
value, through a combination of shares, then, effective with the record date for
such change, the maximum number of shares of Common Stock which thereafter may
be purchased under the Plan and the

                                       7

<PAGE>

maximum number of shares which thereafter may be purchased during any Offering
Period shall be the maximum number of shares which, immediately prior to such
record date, remained available for purchase under the Plan and under any
Offering Period proportionately increased, in case of such stock dividend or
stock split, or proportionately decreased in case of such combination of shares.

          14. Miscellaneous. Except as otherwise expressly provided herein, (i)
any request, election or notice under the Plan from an Eligible Employee or
participant shall be transmitted or delivered to the Company or its designated
agent and, subject to any limitations specified in the Plan, shall be effective
when received by the Company or its designated agent and (ii) any request,
notice or other communication from the Company or its designated agent that is
transmitted or delivered to Eligible Employees or participants shall be
effective when so transmitted or delivered. The Plan, and the Company's
obligation to sell and deliver Common Stock hereunder, shall be subject to all
applicable federal, state and foreign laws, rules and regulations, and to such
approval by any regulatory or governmental agency as may, in the opinion of
counsel for the Company, be required.

          15. Change in Control. In order to maintain the participants' rights
in the event of any Change in Control of the Company, as hereinafter defined,
upon such Change in Control the then current Offering Periods shall thereupon
end, and the cash credited to all participants' Purchase Accounts shall be
applied to purchase shares pursuant to Sections 6 and 7, and the Plan shall
immediately thereafter terminate. For purposes of this Section 15, "Change in
Control" shall mean:

               (1) a sale or transfer of all or substantially all of the assets
of the Company on a consolidated basis in any transaction or series of related
transactions;

               (2) any merger, consolidation or reorganization to which the
Company is a party, except for a merger, consolidation or reorganization in
which the Company is the surviving corporation and, after giving effect to such
merger, consolidation or reorganization, the holders of the Company's
outstanding equity (on a fully diluted basis) immediately prior to the merger,
consolidation or reorganization will own in the aggregate immediately following
the merger, consolidation or reorganization the Company's outstanding equity (on
a fully diluted basis) either (i) having the ordinary voting power to elect a
majority of the members of the Company's board of directors to be elected by the
holders of Common Stock and any other class which votes together with the Common
Stock as a single class or (ii) representing at least 50% of the equity value of
the Company as reasonably determined by the Board;

               (3) individuals who, as of the date hereof, constitute the Board
(the "Incumbent Board") cease for any reason to constitute at least a majority
of such Board; provided, however, that any individual who becomes a director of
the Company subsequent to the date hereof whose election, or nomination for
election by the holders of the Company's equity, was approved by the vote of at
least a majority of the directors then comprising the Incumbent Board shall be
deemed to have been a member of the Incumbent Board; and provided further, that
no individual who was initially elected as a director of the Company as a result
of an actual or threatened solicitation by any individual, entity or group (a
"Person") other than the Board, including any "person" within the meaning of
Section 13(d) of the Exchange Act, for the

                                       8

<PAGE>

purpose of opposing a solicitation by any other Person with respect to the
election or removal of directors, or any other actual or threatened solicitation
of proxies or consents by or on behalf of any Person other than the Board shall
be deemed to have been a member of the Incumbent Board; or

               (4) any Person other than KPMG LLP or its affiliates, acquires
beneficial ownership of 30% or more of the outstanding equity of the Company
generally entitled to vote on the election of directors.

          16. Committee Rules for Foreign Jurisdictions. The Committee may adopt
rules or procedures relating to the operation and administration of the Plan to
accommodate the specific requirements of local laws and procedures. Without
limiting the generality of the foregoing, the Committee is specifically
authorized to adopt rules and procedures regarding handling of payroll
deductions, payment of interest, conversion of local currency, payroll tax,
withholding procedures and handling of stock certificates which vary with local
requirements.

          The Committee may also adopt sub-plans applicable to particular
Designated Affiliates or locations, which sub-plans may be designed to be
outside the scope of Section 423 of the Code. The rules of such sub-plans may
take precedence over other provisions of this Plan, with the exception of
Section 5(a), but unless otherwise superseded by the terms of such sub-plan, the
provisions of this Plan shall govern the operation of such sub-plan.

          17. No Enlargement of Employee Rights. Nothing contained in this Plan
shall be deemed to give any Eligible Employee the right to be retained in the
employ of the Company or any Affiliate or to interfere with the right of the
Company or any Affiliate to discharge any Eligible Employee at any time.

          18. Governing Law. This Plan, any related agreements (such as an
enrollment form), and all determinations made and actions taken pursuant
thereto, to the extent not otherwise governed by the Code or the law of the
United States, shall be governed by the laws of the state of Delaware and
construed in accordance therewith without giving effect to principles of
conflicts of law.

                                       9

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