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EXHIBIT 10.1

                                KIRBY CORPORATION

                          2005 STOCK AND INCENTIVE PLAN

                                    ARTICLE I
                                     GENERAL

     Section  1.1.     Purpose.  The  purpose  of  this  Plan  is to advance the
interests  of  Kirby  Corporation,  a  Nevada  corporation  (the  "Company"), by
providing  an additional incentive to attract and retain qualified and competent
employees  for the Company and its subsidiaries, upon whose efforts and judgment
the  success  of  the  Company  is  largely  dependent, through the award of (i)
Options to purchase shares of Common Stock (which Options may be Incentive Stock
Options  or  Nonincentive  Stock  Options); (ii) shares of Restricted Stock; and
(iii)  Performance  Awards.

     Section  1.2.     Definitions.  As  used  herein, the following terms shall
have  the  meaning  indicated:

     (a)  "Award"  means  a  grant  under  this  Plan  in  the  form of Options,
Restricted  Stock,  Performance  Awards  or  any  combination  of the foregoing.

     (b)  "Board"  means  the  Board  of  Directors  of  the  Company.

     (c)  "Change  in  Control"  means  the  occurrence  of any of the following
events:

          (i)  Any "person" (as such term is used in Sections 13(d) and 14(d)(2)
     of  the  Securities  Exchange  Act  of  1934,  as  amended)  becomes  the
     beneficial owner, directly or indirectly, of voting securities representing
     thirty  percent (30%) or more of the combined voting power of the Company's
     then outstanding voting securities;

         (ii)  The  Board  ceases  to  consist  of  a  majority  of  Continuing
     Directors,  with  the  term  "Continuing  Director"  meaning a Director who
     (A)  is a Director on the effective date of the Plan or (B) is nominated or
     appointed  to  serve  as  a  Director  by a majority of the then Continuing
     Directors;

        (iii)  The  stockholders of the Company approve (A) any consolidation or
     merger  of  the  Company  or  any Subsidiary that results in the holders of
     the  Company's  voting securities immediately prior to the consolidation or
     merger  having  (directly  or  indirectly)  less  than a majority ownership
     interest  in  the  outstanding  voting  securities  of the surviving entity
     immediately  after  the  consolidation  or  merger,  (B)  any  sale, lease,
     exchange  or  other  transfer  (in  one  transaction or a series of related
     transactions)  of  all or substantially all of the assets of the Company or
     (C) any plan or proposal for the liquidation or dissolution of the Company;

         (iv)  The stockholders of the Company accept a share exchange, with the
     result  that  stockholders  of  the  Company  immediately before such share
     exchange  do not own, immediately following such share exchange, at least a
     majority of the voting securities of

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     the  entity  resulting  from  such  share  exchange  in  substantially  the
     same  proportion  as  their  ownership of the voting securities outstanding
     immediately before such share exchange; or

          (v)  Any  tender  or  exchange offer is made to acquire thirty percent
     (30%)  or  more  of  the  voting  securities  of the Company, other than an
     offer made by the Company, and shares are acquired pursuant to that offer.

For  purposes  of  this  definition,  the  term "voting securities" means equity
securities,  or  securities  that  are  convertible  or exchangeable into equity
securities,  that have the right to vote generally in the election of Directors.

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

     (e)  "Committee" means the Compensation Committee, if any, appointed by the
Board.

     (f)  "Date  of  Grant"  means  the date on which the Committee takes formal
action  to  grant  an  Award  to  an  Eligible  Person.

     (g)  "Director"  means  a  member  of  the  Board.

     (h)  "Disability"  means  mental  or physical disability as determined by a
medical  doctor  satisfactory  to  the  Committee.

     (i)  "Eligible  Person"  means  an employee of the Company or a Subsidiary.

     (j)  "Fair  Market  Value"  of  a  Share means the mean of the high and low
sales  price on the New York Stock Exchange on the day of reference as quoted in
any  newspaper  of  general  circulation  or,  if the Shares shall not have been
traded  on  such exchange on such date, the mean of the high and low sales price
on  such  exchange  on  the  next  day prior thereto on which the Shares were so
traded,  as  quoted  in any newspaper of general circulation.  If the Shares are
not  listed for trading on the New York Stock Exchange, the Fair Market Value on
the  date  of  reference  shall  be  determined by any fair and reasonable means
prescribed  by  the  Committee.

     (k)  "Incentive  Stock  Option"  means an option that is an incentive stock
option  as  defined  in  Section  422  of  the  Code.

     (l)  "Nonincentive  Stock  Option" means an option that is not an Incentive
Stock  Option.

     (m)  "Option"  means  any  option  granted  under  this  Plan.

     (n)  "Optionee" means a person to whom a stock option is granted under this
Plan  or any successor to the rights of such person under this Plan by reason of
the  death  of  such  person.

     (o)  "Participant"  means  a  person  to whom an Award is granted under the
Plan.

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     (p)  "Performance  Award"  means  an  Award granted pursuant to Article IV.

     (q)  "Performance  Objectives"  means  the  objectives  established  by the
Committee  pursuant  to  Section  4.1(b).

     (r)  "Performance  Period" means the period over which the performance of a
holder  of  a  Performance  Award  is  measured.

     (s)  "Plan"  means  this  Kirby  Corporation 2005 Stock and Incentive Plan.

     (t)  "Restricted  Stock"  means  Shares  granted  under  this Plan that are
subject  to  restrictions  imposed  by  the  Committee  pursuant to Article III.

     (u)  "Restricted Stock Award" means an award of Restricted Stock under this
Plan.

     (v)  "Section  162(m)  Participant"  means  each Participant who is, on the
last  day  of  the  applicable  fiscal year of the Company, either (i) the chief
executive officer of the Company or (ii) one of the four most highly compensated
officers  of  the  Company  other  than  the  chief  executive  officer.

     (w)  "Share" means a share of the common stock, par value ten cents ($0.10)
per  share,  of  the  Company.

     (x)  "Subsidiary"  means  any  corporation  (other than the Company) in any
unbroken  chain  of  corporations  beginning  with  the  Company  if each of the
corporations  other  than  the last corporation in the unbroken chain owns stock
possessing  50%  or  more  of  the total combined voting power of all classes of
stock  in  one  of  the  other  corporations  in  the  chain.

     Section  1.3.     Total  Shares  and  Limitations.

     (a)  The  maximum  number of Shares that may be issued under the Plan shall
be  One  Million  (1,000,000)  Shares,  which  may  be  from  Shares held in the
Company's treasury or from authorized and unissued Shares.  If any Award granted
under  the Plan shall terminate, expire or be cancelled or surrendered as to any
Shares,  or  the  Award  is paid in cash in lieu of Shares, the Shares that were
subject to such Award shall not count against the above limit and shall again be
available  for  grants  under  the  Plan.  Shares  equal in number to the Shares
surrendered  in  payment  of  the  option price of an Option and Shares that are
withheld  in  order  to satisfy federal, state or local tax liability, shall not
count  against the above limit and shall be available for grants under the Plan.

     (b)  The  maximum  aggregate  number of Shares that may be issued under the
Plan  pursuant  to  the  exercise  of  Incentive Stock Options shall be 500,000.

     (c)  The  maximum  number  of  Shares that may be issued to any Participant
pursuant  to any Performance Award during the term of the Plan shall be 200,000.

     (d)  The  maximum  amount  of  cash  that  may  be  paid to any Participant
pursuant  to any Performance Award during any calendar year shall be $2,000,000.

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     Section  1.4.     Awards  Under  the  Plan.

     (a)  Only  Eligible  Persons  may receive awards under the Plan.  Awards to
Eligible  Persons  may  be in the form of (i) Options; (ii) shares of Restricted
Stock;  (iii)  Performance Awards; or (iv) any combination of the foregoing.  No
Award  shall  confer  on  any person any right to continue as an employee of the
Company  or  any  Subsidiary.

     (b)  Each  Award  shall  be  evidenced by an agreement containing any terms
deemed  necessary  or  desirable by the Committee that are not inconsistent with
the  Plan  or  applicable  law.

                                   ARTICLE II
                                  STOCK OPTIONS

     Section  2.1.     Grant  of  Options.  The  Committee may from time to time
grant  Options  to  Eligible Persons.  Options may be Incentive Stock Options or
Nonincentive  Stock Options as designated by the Committee on the Date of Grant.
If  no such designation is made by the Committee for an Option, the Option shall
be  a Nonincentive Stock Option.  The aggregate Fair Market Value (determined as
of  the  Date  of  Grant)  of  the  Shares with respect to which Incentive Stock
Options  are  exercisable  for the first time by an Optionee during any calendar
year  under  the  Plan  and  all  such  plans  of  the Company and any parent or
subsidiary  of  the  Company  (as  defined in Section 424 of the Code) shall not
exceed  $100,000.

     Section  2.2.     Exercise  Price.  The  exercise  price  per Share for any
Option shall be determined by the Committee, but shall not be less than the Fair
Market  Value  on  the Date of Grant and shall not be less than 110% of the Fair
Market Value on the Date of Grant for any Incentive Stock Option if the Optionee
is  a  person  who  owns  directly  or indirectly (within the meaning of Section
422(b)(6)  of  the  Code)  stock  possessing more than 10% of the total combined
voting  power  of  all  classes  of  stock  of  the  Company.

     Section 2.3.     Term of Option.  The term of an Option shall be determined
by  the  Committee,  provided that, in the case of an Incentive Stock Option, if
the  grant is to a person who owns directly or indirectly (within the meaning of
Section  422(b)(6)  of  the  Code)  stock  possessing more than 10% of the total
combined  voting  power  of all classes of stock of the Company, the term of the
Option  shall not exceed five years from the Date of Grant.  Notwithstanding any
other  provision of this Plan, no Option shall be exercised after the expiration
of  its  term.

     Section  2.4.     Vesting.  Options  shall be exercisable at such times and
subject  to  such  terms  and  conditions  as the Committee shall specify in the
option  agreement.  Unless  the  option  agreement  specifies  otherwise,  the
Committee  shall  have  discretion  at  any  time  to  accelerate such times and
otherwise  waive or amend any conditions in respect of all or any portion of any
Options.  Notwithstanding  the  other  provisions of this Section 2.4 and unless
otherwise  provided  in the option agreement, upon the occurrence of a Change in
Control,  all  Options  outstanding  at  the time of the Change in Control shall
become  immediately  exercisable.

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     Section  2.5.     Termination  of  Options.

     (a)  Except  as  otherwise provided in the option agreement, the portion of
an  Option  that is exercisable shall automatically and without notice terminate
upon  the  earliest  to  occur  of  the  following:

          (i)  thirty  (30)  days after the date on which the Optionee ceases to
     be  an  Employee  for  any  reason  other than (x) death, (y) Disability or
     (z) termination for cause;

         (ii)  one (1) year after the date on which the Optionee ceases to be an
     Employee as a result of a Disability;

        (iii)  either  (y)  one  (1) year after the death of the Optionee or (z)
     six  (6)  months  after  the  death  of  the  Optionee if the Optionee dies
     during  the  30-day  period  described in Section 2.5(a)(i) or the one-year
     period described in Section 2.5(a)(ii);

         (iv)  the  date  on  which  the  Optionee ceases to be an Employee as a
     result of a termination for cause; and

          (v)  the  tenth  anniversary  of  the  Date  of  Grant  of the Option.

     (b)  The  portion  of an Option that is not exercisable shall automatically
and  without  notice terminate on the date on which the Optionee ceases to be an
Employee  for  any  reason.

     (c)  The  Committee shall have discretion at any time to extend the term of
any  Nonincentive  Stock  Option  to  any  date  that is not later than the date
described  in  Section  2.5(a)(v).

     Section  2.6.     Exercise of Options.  An Option may be exercised in whole
or  in  part  to  the  extent exercisable in accordance with Section 2.4 and the
option  agreement.  An Option shall be deemed exercised when (i) the Company has
received  written  notice  of  such exercise in accordance with the terms of the
Option and (ii) full payment of the aggregate exercise price of the Shares as to
which  the  Option  is  exercised  has been made.  Unless further limited by the
Committee  for  any  Option, the exercise price of any Shares purchased shall be
paid  solely  in  cash,  by  certified  or  cashier's  check, by money order, by
personal  check or with Shares owned by the Optionee for at least six months, or
by a combination of the foregoing.  If the exercise price is paid in whole or in
part with Shares, the value of the Shares surrendered shall be their Fair Market
Value  on  the  date  received  by  the  Company.

     Section  2.7.     Corporate  Transactions.

     (a)  In the event of a merger, consolidation or other reorganization of the
Company  in  which  the  Company  is  not the surviving entity, the Board or the
Committee may provide for payment in cash or in securities of the Company or the
surviving  entity  in  lieu  of  and  in  complete  satisfaction  of  Options.

     (b)  Except  as  otherwise  expressly  provided herein, the issuance by the
Company  of  shares of its capital stock of any class, or securities convertible
into  shares  of  capital  stock  of  any

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class,  either  in connection with direct sale or upon the exercise of rights or
warrants  to  subscribe therefor, or upon conversion of shares or obligations of
the  Company convertible into such shares or other securities, shall not affect,
and no adjustment by reason thereof shall be made with respect to, the number of
or  exercise  price  of Shares then subject to outstanding Options granted under
the  Plan.

     (c)  Without  limiting  the  generality  of the foregoing, the existence of
outstanding  Options  granted  under the Plan shall not affect in any manner the
right  or  power  of the Company to make, authorize or consummate (i) any or all
adjustments,  recapitalizations,  reorganizations  or  other  changes  in  the
Company's capital structure or its business; (ii) any merger or consolidation of
the  Company; (iii) any issue by the Company of debt securities, or preferred or
preference  stock  that  would  rank  above  the  Shares  subject to outstanding
Options;  (iv)  the  dissolution  or  liquidation  of the Company; (v) any sale,
transfer  or  assignment  of  all  or  any part of the assets or business of the
Company;  or  (vi)  any  other corporate act or proceeding, whether of a similar
character  or  otherwise.

     Section  2.8.     Issuance  of  Shares.  No person shall be, or have any of
the rights or privileges of, a stockholder of the Company with respect to any of
the Shares subject to any Option unless and until certificates representing such
Shares  (whether  in  physical  or in book-entry or other electronic form) shall
have  been  issued  and  delivered  to  such  person.

                                   ARTICLE III
                                RESTRICTED STOCK

     Section  3.1.     Grant of Restricted Stock Awards.  The Committee may from
time  to  time  grant  Restricted  Stock  Awards  to  Eligible  Persons.

     Section  3.2.     Terms  and  Conditions  of Restricted Stock Awards.  Each
Restricted  Stock  Award  shall specify the number of shares of Restricted Stock
awarded,  the  price,  if  any,  to  be  paid  by  the Participant receiving the
Restricted  Stock  Award,  the  date or dates on which the Restricted Stock will
vest  and  any other terms and conditions that the Committee may determine.  The
vesting  and  number  of  shares of Restricted Stock may be conditioned upon the
completion of a specified period of service with the Company or its Subsidiaries
or  upon  the  attainment of any performance goals established by the Committee,
including  without limitation goals related to the performance of the Company or
any  Subsidiary,  division,  department  or  other  unit  of  the  Company,  the
performance  of  the Company's common stock or other securities, the performance
of  the  recipient  of  the  Restricted  Stock  Award  or any combination of the
foregoing.

     Section  3.3.     Restrictions  on  Transfer.  Unless otherwise provided in
the  grant relating to a Restricted Stock Award, stock certificates representing
the  Restricted  Stock  granted  to  a  Participant  (whether  in physical or in
book-entry  or  other  electronic form) shall be registered in the Participant's
name  or,  at  the  option  of  the Committee, not issued until such time as the
Restricted  Stock  shall  become  vested  or  as  otherwise  determined  by  the
Committee.  If  certificates  are issued prior to the shares of Restricted Stock
becoming  vested,  either in physical or in book-entry or other electronic form,
such  certificates  shall  either  be  held  by  the  Company  on  behalf of the
Participant,  or  delivered  to  the  Participant  bearing  a legend to restrict
transfer of the certificate until the Restricted Stock has vested, as determined
by  the  Committee.  The

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Committee  shall  determine whether the Participant shall have the right to vote
and/or  receive  dividends on the Restricted Stock before it has vested.  Except
as may otherwise be expressly permitted by the Committee, no share of Restricted
Stock  may  be  sold,  transferred, assigned or pledged by the Participant until
such  share  has  vested  in  accordance  with the terms of the Restricted Stock
Award.  Unless the grant of a Restricted Stock Award specifies otherwise, in the
event  that  a Participant ceases to be an Employee before all the Participant's
Restricted  Stock has vested, or in the event other conditions to the vesting of
Restricted  Stock  have  not  been  satisfied  prior  to  any  deadline  for the
satisfaction  of such conditions set forth in the award agreement, the shares of
Restricted  Stock that have not vested shall be forfeited and any purchase price
paid  by  the  Participant  for  the  forfeited  Shares shall be returned to the
Participant.  At  the  time  Restricted Stock vests (and, if the Participant has
been  issued legended certificates for Restricted Stock, upon the return of such
certificates  to  the  Company),  a  certificate for such vested shares shall be
delivered  to  the Participant (or the beneficiary designated by the Participant
in  the  event  of  death),  free  of  all  restrictions.

     Section  3.4.     Accelerated  Vesting.  Notwithstanding  the  vesting
conditions  set  forth  in a Restricted Stock Award, unless the Restricted Stock
Award  grant  or  other  agreement  with  the  Participant  specifies otherwise:

     (a)  the Committee may in its discretion at any time accelerate the vesting
of  Restricted  Stock or otherwise waive or amend any conditions of a grant of a
Restricted  Stock  Award,  and

     (b)  all  shares of Restricted Stock shall vest upon a Change in Control of
the  Company.

     Section  3.5.     Section  83(b)  Election.  If  a  Participant  receives
Restricted  Stock  that  is  subject to a "substantial risk of forfeiture," such
Participant  may  elect under Section 83(b) of the Code to include in his or her
gross  income,  for  the taxable year in which the Restricted Stock is received,
the  excess  of  the  Fair  Market Value of such Restricted Stock on the Date of
Grant  (determined without regard to any restriction other than one which by its
terms  will never lapse), over the amount paid for the Restricted Stock.  If the
Participant  makes  the  Section  83(b) election, the Participant shall (a) make
such election in a manner that is satisfactory to the Committee, (b) provide the
Company  with  a copy of such election, (c) agree to notify the Company promptly
if  any  Internal  Revenue  Service  or  state tax agent, on audit or otherwise,
questions  the  validity  or  correctness  of  such election or of the amount of
income  reportable on account of such election and (d) agree to such federal and
state income tax withholding as the Committee may reasonably require in its sole
discretion.

                                   ARTICLE IV
                               PERFORMANCE AWARDS

     Section 4.1.     Terms and Conditions of Performance Awards.  The Committee
may  from  time  to time grant Awards that are intended to be "performance-based
compensation," which are payable in stock, cash or a combination thereof, at the
discretion  of  the  Committee.

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     (a)  Performance  Period.  The  Committee  shall  establish  a  Performance
Period for each Performance Award at the time such Performance Award is granted.
A  Performance  Period  may  overlap  with Performance Periods relating to other
Performance  Awards  granted  hereunder  to the same Participant.  The Committee
shall  not  grant  Performance  Awards  to Section 162(m) Participants after the
earliest to occur of (i) the 90th day after the start of the Performance Period,
(ii)  the  date  on which 25% of the Performance Period has elapsed or (iii) the
date  on  which  the  satisfaction  of  the  Performance  Objectives  becomes
substantially  certain.

     (b)  Performance  Objectives.  The  Committee  shall  establish  written
performance  objectives  for  the  Participant  at the time of the grant of each
Performance  Award.  Each  Performance  Award  shall  be  contingent  upon  the
achievement  of  the  Performance  Objectives  established  by  the  Committee.
Performance  Objectives  shall  be  based on earnings, cash flow, economic value
added,  total stockholder return, return on equity, return on capital, return on
assets,  revenues,  operating  profit,  EBITDA,  net profit, earnings per share,
stock  price,  cost  reduction  goals,  debt  to capital ratio, financial return
ratios,  profit  or  operating  margins,  working  capital  or  other comparable
objective  tests selected by the Committee, or any combination of the foregoing,
for  the  Company  on  a  consolidated  basis or, if applicable, for one or more
Subsidiaries,  divisions,  departments  or  other units of the Company or one or
more  of  its  Subsidiaries.

     (c)  Amount; Frequency.  The Committee shall determine at the time of grant
of  Performance  Awards  the target and maximum values of Performance Awards and
the  date  or  dates  when  Performance  Awards  are  earned.

     (d)  Payment.  Following  the end of each Performance Period, the holder of
each  Performance  Award  will  be entitled to receive payment of an amount, not
exceeding  the  maximum value of the Performance Award, based on the achievement
of  the  Performance  Objectives  for  such Performance Period, as determined in
writing by the Committee. Unless otherwise provided in the Performance Award, if
the  Participant  exceeds  the specified minimum level of acceptable achievement
but  does not attain the Performance Objectives, the Participant shall be deemed
to  have  partly  earned  the  Performance  Award,  and shall become entitled to
receive  a  portion  of the total award, as determined by the Committee.  Unless
otherwise  provided  in the Performance Award, if a Performance Award is granted
after  the start of a Performance Period, the Performance Award shall be reduced
to  reflect  the  portion of the Performance Period during which the Performance
Award  was  in  effect.

     (e)  Termination  of  Employment.  Unless  otherwise  provided  in  the
Performance Award, a Participant who receives a Performance Award and who ceases
to  be an Employee as a result of death, Disability or retirement before the end
of the applicable Performance Period shall be entitled to receive, to the extent
earned  as  a  result  of  the  full  or  partial achievement of the Performance
Objectives  during  the  Performance  Period, a portion of the Performance Award
that  is  proportional to the portion of the Performance Period during which the
Participant  was  employed,  with  payment  to  be made following the end of the
Performance  Period.  Unless  otherwise  provided  in  the  Performance Award, a
Participant  who  receives  a Performance Award who ceases to be an Employee for
any  reason  other than death, Disability or retirement shall not be entitled to
any  part  of  the  Performance Award unless the Committee determines otherwise.

<PAGE>
     (f)  Accelerated Vesting.  Notwithstanding the vesting conditions set forth
in a Performance Award, unless the Performance Award specifies otherwise (i) the
Committee  may  in  its  discretion at any time accelerate the time at which the
Performance  Award is considered to have been earned or otherwise waive or amend
any  conditions (including but not limited to Performance Objectives) in respect
of  a  Performance  Award,  and  (ii) all Performance Awards shall be considered
earned  upon  a Change in Control of the Company.  In addition, upon a Change in
Control  of  the  Company,  unless a Performance Award specifies otherwise, each
Participant  shall  receive  the target Performance Award such Participant could
have  earned  for  the proportionate part of the Performance Period prior to the
Change  in Control, and shall retain the right to earn any additional portion of
his or her Performance Award if such Participant remains in the Company's employ
through  the  end  of  the  Performance  Period.

     (g)  Stockholder Rights.  The holder of a Performance Award shall, as such,
have  none  of  the  rights  of  a  stockholder  of  the  Company.

                                    ARTICLE V
                              ADDITIONAL PROVISIONS

     Section  5.1.     Administration  of  the  Plan.  The  Plan  shall  be
administered  by  the  Committee.  The  Committee  shall  have  the authority to
interpret  the  provisions  of the Plan, to adopt such rules and regulations for
carrying  out  the  Plan  as  it  may deem advisable, to decide conclusively all
questions arising with respect to the Plan, to establish performance criteria in
respect  of  Awards  under the Plan, to determine whether Plan requirements have
been  met  for  any Participant in the Plan and to make all other determinations
and  take all other actions necessary or desirable for the administration of the
Plan.  All  decisions  and acts of the Committee shall be final and binding upon
all affected Participants.  If there is no Committee, the Board shall administer
the  Plan and in such case all references to the Committee shall be deemed to be
references  to  the  Board.

     Section  5.2.     Adjustments  for Changes in Capitalization.  In the event
of  any  (a)  stock  dividends,  stock  splits, recapitalizations, combinations,
exchanges  of  shares,  mergers,  consolidations,  liquidations,  split-ups,
split-offs,  spin-offs  or  other  similar  changes  in  capitalization,  (b)
distributions  to  stockholders, including a rights offering, other than regular
cash dividends, (c) changes in the outstanding stock of the Company by reason of
any  increase  or  decrease  in  the  number  of  issued Shares resulting from a
split-up  or  consolidation  of  Shares or any similar capital adjustment or the
payment  of any stock dividend, (d) Share repurchase at a price in excess of the
market price of the Shares at the time such repurchase is announced or (e) other
similar  increase or decrease in the number of the Shares, the Committee, in its
sole  discretion,  shall  make  appropriate adjustment in the number and kind of
shares  authorized  by  the  Plan  (including the numbers of Shares specified in
Section  1.3(b)  and (c)), in the number, price or kind of shares covered by the
Awards  and  in  any  outstanding  Awards  under  the Plan.  In the event of any
adjustment  in  the number of Shares covered by any Award, any fractional Shares
resulting  from  such  adjustment shall be disregarded and each such Award shall
cover  only  the  number  of  full  Shares  resulting  from  such  adjustment.

<PAGE>
     Section  5.3.     Amendment.

     (a)  The  Board  may  amend  or modify the Plan in any respect at any time,
subject  to  stockholder approval if required by applicable law or regulation or
by  applicable  stock  exchange  rules.  Such action shall not impair any of the
rights  of  any Participant with respect to any Award outstanding on the date of
the  amendment  or  modification  without  the  Participant's  written  consent.

     (b)  The  Committee  shall have the authority to amend any Award to include
any  provision  which,  at  the  time of such amendment, is authorized under the
terms  of the Plan; however, no outstanding Award may be revoked or altered in a
manner  unfavorable  to  the  Participant  without  the  written  consent of the
Participant.

     Section  5.4.     Transferability  of  Awards.  An  Award  shall  not  be
transferable  by  the  Participant otherwise than by will or the laws of descent
and  distribution.  So long as a Participant lives, only such Participant or his
or  her  guardian  or legal representative shall have the right to exercise such
Award.

     Section  5.5.     Beneficiary.  A  Participant  may file with the Company a
written  designation  of  beneficiary,  on such form as may be prescribed by the
Committee,  to receive any Shares, Awards or payments that become deliverable to
the  Participant  pursuant  to  the  Plan  after  the  Participant's  death.  A
Participant  may,  from  time  to  time,  amend  or  revoke  a  designation  of
beneficiary.  If  no  designated  beneficiary  survives  the  Participant,  the
executor  or administrator of the Participant's estate shall be deemed to be the
Participant's  beneficiary.

     Section  5.6.     Non-uniform  Determinations.  Determinations  by  the
Committee  under  the Plan (including, without limitation, determinations of the
Eligible  Persons  to receive Awards, the form, amount and timing of Awards, the
terms  and  provisions  of  Awards  and  the  agreements  evidencing  Awards and
provisions  with  respect  to termination of employment) need not be uniform and
may  be  made  by  the  Committee  selectively among persons who receive, or are
eligible  to  receive,  Awards  under  the Plan, whether or not such persons are
similarly  situated.

     Section  5.7.     Duration and Termination.  The Plan shall be of unlimited
duration,  provided  that  no  Incentive Stock Option shall be granted under the
Plan  on  or after the tenth anniversary of the effective date of the Plan.  The
Board  may  suspend, discontinue or terminate the Plan at any time.  Such action
shall not impair any of the rights of any holder of any Award outstanding on the
date  of  the  Plan's  suspension,  discontinuance  or  termination  without the
holder's  written  consent.

     Section  5.8.     Withholding.  Prior  to  the issuance of any Shares under
the  Plan,  arrangements  satisfactory  to  the Committee in its sole discretion
shall have been made for the Participant's payment to the Company of the amount,
if  any,  that  the  Committee  determines  to  be  necessary for the Company or
Subsidiary  employing  the Participant to withhold in accordance with applicable
federal  or  state income tax withholding requirements.  If the Committee allows
Shares  to  be  withheld from an Award to satisfy such withholding requirements,
the amount withheld in Shares shall not exceed the minimum amount required to be
withheld,  determined on the date that the amount of tax to be withheld is to be
determined.  When  payments  under  the

<PAGE>
Plan  are  made  in  cash, such payments shall be net of an amount sufficient to
satisfy  such  withholding  requirements.

     Section  5.9.     Agreements  and  Undertakings.  As  a  condition  of  any
issuance  or transfer of a certificate for Shares, the Committee may obtain such
agreements  or  undertakings,  if  any, as it may deem necessary or advisable to
assure  compliance  with  any provision of the Plan, any agreement or any law or
regulation  including,  but  not  limited  to,  the  following:

     (a)  a  representation,  warranty  or  agreement  by the Participant to the
Company that the Participant is acquiring the Shares for investment and not with
a  view to, or for sale in connection with, the distribution of any such Shares;
and

     (b)  a  representation,  warranty  or  agreement to be bound by any legends
that  are,  in  the opinion of the Committee, necessary or appropriate to comply
with  the  provisions  of  any  securities  law  deemed  by  the Committee to be
applicable  to  the  issuance  of  the  Shares  and  are  endorsed  on the Share
certificates.

     Section  5.10.     Uncertificated  Shares.  In  lieu  of  issuing  stock
certificates  for  Shares  acquired  pursuant to the Plan, the Company may issue
such  Shares  in  book-entry  or other electronic or uncertificated form, unless
prohibited  by  applicable  law  or  regulation  or by applicable stock exchange
rules.

     Section 5.11.     Governing Law.  The Plan shall be governed by the laws of
the State of Texas except to the extent that federal law or Nevada corporate law
is  controlling.

     Section  5.12.     Effective  Date.  The  Plan  was adopted by the Board on
March  3,  2005  and shall be effective upon approval by the stockholders of the
Company.

ADOPTED BY THE BOARD:          March 3, 2005

APPROVED BY THE STOCKHOLDERS:          April 26, 2005EXHIBIT 10.2

                       NONINCENTIVE STOCK OPTION AGREEMENT
                                KIRBY CORPORATION
                          2005 STOCK AND INCENTIVE PLAN

     A  Nonincentive  Stock  Option  for  a  total of _________ shares of common
stock, par value $0.10 per share, of Kirby Corporation (the "Company") is hereby
granted  pursuant  to  the  2005  Stock  and  Incentive Plan of the Company (the
"Plan")  to

(the  "Optionee").  This  Option  is in all respects subject to the definitions,
terms,  conditions  and limitations contained in the Plan, which is incorporated
herein  by  reference.

     1.   Exercise  Price.  The  exercise  price  is  $_________ for each share,
          ---------------
being  the  Fair  Market  Value  of  the  common  stock  on  the  Date of Grant.

     2.   Date  of  Grant.  The  Date  of Grant of this Option is _____________,
          ---------------
_____.

     3.   Exercise  of  Option.  This  Option  shall  be exercisable as follows:
          --------------------

          (a)  Date  of Exercise.  This Option shall become exercisable in whole
               -----------------
or  in  part  with  respect  to  the  following  numbers  of Shares on the dates
indicated:

               (i)    _____  Shares  on  _____________,  _____.;

               (ii)   _____  Shares  on  _____________,  _____.;  and

               (iii)  _____  Shares  on  _____________,  _____.;

provided  that this Option shall become immediately exercisable in full upon the
occurrence  of  a  Change  in  Control.

          (b)  Term  of  Option.  This  Option  may  not  be exercised after the
               ----------------
expiration  of  five  (5) years from the Date of Grant and is subject to earlier
termination  as  provided in the Plan.  This Option may be exercised during such
time  only  in  accordance  with  the  Plan  and  the  terms  of  this  Option.

          (c)  Method  of  Exercise.  This  Option  shall  be  exercisable  by a
               --------------------
written  notice  delivered  to  the  Company  which  shall:

               (i)  state  the election to exercise the Option and the number of
shares  in  respect  of  which  it  is  being  exercised;  and

               (ii) be  signed by the person or persons entitled to exercise the
Option and, if the Option is being exercised by any person or persons other than
the  Optionee,  be

<PAGE>
accompanied  by  proof, satisfactory to the Company, of the right of such person
or  persons  to  exercise  the  Option.

          (d)  Payment.  Payment  of  the  exercise  price  of  any  shares with
               -------
respect  to  which this Option is being exercised shall be by cash, certified or
cashier's  check,  money  order,  personal  check, shares of common stock of the
Company  owned  by  the Optionee for at least six months, or by a combination of
the  above,  delivered  to  the  Company and the exercise shall not be effective
until  such  payment is made.  If the exercise price is paid in whole or in part
with  shares of common stock of the Company, the value of the shares surrendered
shall  be  their  Fair  Market  Value  on the date received by the Company.  The
certificate  or  certificates  for shares of common stock as to which the Option
shall  be  exercised  shall  be  registered in the name of the person or persons
exercising  the  Option.

          (e)  Withholding.  The  Optionee  shall make satisfactory arrangements
               -----------
for  the withholding of any amounts necessary for withholding in accordance with
applicable  federal  or  state  income  tax  laws.

          (f)  Restrictions  on  Exercise.
               --------------------------

               (i)  This  Option  may  not  be  exercised if the issuance of the
shares upon such exercise would constitute a violation of any applicable federal
or  state  securities  or  other law or valid regulation.  As a condition to the
exercise  of  this  Option,  the  Company may require the person exercising this
Option  to  make  any  agreements  and  undertakings that may be required by any
applicable  law  or  regulation.

               (ii) Shares  issued  upon  the  exercise  of  this Option without
registration  of  such  shares under the Securities Act of 1933, as amended (the
"Act"),  shall  be  restricted securities subject to the terms of Rule 144 under
the  Act.  The  certificates  representing  any  such  shares  shall  bear  an
appropriate  legend  restricting  transfer and the transfer agent of the Company
shall  be  given  stop  transfer  instructions  with  respect  to  such  shares.

          (g)  Partial  Exercise.  Upon the exercise of this Option in part, the
               -----------------
Optionee  shall deliver this agreement to the Company which shall endorse on the
agreement  a notation of such exercise and return the agreement to the Optionee.

     4.   Nontransferability  of  Option.  This Option may not be transferred by
          ------------------------------
the  Optionee otherwise than by will or the laws of descent and distribution and
so  long  as  the  Optionee  lives,  only  the Optionee or his guardian or legal
representative  shall have the right to exercise this Option.  The terms of this
Option  shall  be  binding upon the executors, administrators, heirs, successors
and  assigns  of  the  Optionee.

                                        KIRBY  CORPORATION

                                        By  ____________________________________
                                        Name  __________________________________
                                        Title __________________________________

<PAGE>
     The  Optionee  acknowledges  receipt  of a copy of the Plan, and represents
that  he  or  she  is familiar with the terms and provisions thereof, and hereby
accepts this Option subject to all of the terms and provisions of the Plan.  The
Optionee  hereby agrees to accept as binding, conclusive and final all decisions
or  interpretations  of  the  Committee on any questions arising under the Plan.

                                        ________________________________________
                                                       Optionee

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