Document:

SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN

EXHIBIT 10.10

ITLA CAPITAL CORPORATION

SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN

(Effective January 1, 1997)

Amended as of January 28, 2000 and January 1, 2003

(Amended and Restated Effective January 1, 2005)

Preamble

         ITLA Capital Corporation, a Delaware corporation, has adopted the ITLA Supplemental
Executive Retirement Plan, effective January 1, 1997, as amended as of January 28, 2000 and
January 1, 2003, for a select group of executives and senior management personnel to ensure that
the overall effectiveness of the Company's executive compensation program will attract, retain
and motivate qualified executives and senior management personnel.  The Plan is intended to
comply with the applicable requirements of Section 409A of the Code and related guidance of
general applicability issued thereunder (together referred to herein as "Section 409A").

ARTICLE I

DEFINITIONS

         When used herein, the following words shall have the meanings below unless the context
clearly indicates otherwise:

         1.1         "Applicable Measurement Period" means the period of time since the last day
investment credit had been previously allocated on the Participant's Change in Control Cash
Account Balance under Section 5.2

         1.2         "Change in Control" means the occurrence of any of the following events with
respect to the Company:  (1) and person(as the term is used in section 13(d) and 14(d) of the
Securities Exchange Act of 1934 (the "Exchange Act") is or becomes the beneficial owner (as
defined in Rule 13d-3 under the Exchange Act), directly or indirectly of securities of the Company
representing 33.33% or more of the Company's outstanding voting securities; (2) individuals who
are members of the Board of Directors of the Company on the date hereof (the "Incumbent
Board") cease for any reason to constitute at least a majority thereof, provided that any person
becoming a director subsequent to the date hereof whose election was approved by a vote of at
least two thirds of the directors comprising the Incumbent Board, or whose nomination for
election by the Company's stockholders was approved by the nominating committee serving under
an Incumbent Board, shall be considered a member of the Incumbent Board; (3) a reorganization,
merger, consolidation, sale of all or substantially all of the assets of the Company or a similar
transaction in which the Company is not the resulting entity (unless the continuing ownership
requirements clause (4) below are met with respect to the resulting entity); or (4) a merger or
consolidation of the Company with any other corporation other than a merger or consolidation in
which the voting securities of the Company outstanding immediately prior thereto represent at
least 66.67% of the total voting power represented by the voting securities of the Company or the
surviving entity outstanding immediately after such merger or consolidation.  The term "Change in
Control" shall not include: (1) an acquisition of securities by an employee benefit plan of the
Company; or (2) any of the above mentioned events or 

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occurrences which require but do not
receive the requisite government or regulatory approval to bring the event or occurrence to
fruition.

         1.3         "Change in Control Cash Account Balance" means, with respect to a Participant, a
credit to a Participant under the Plan on the records of the Company equal to the Initial Change in
Control Cash Balance plus amounts credited pursuant to Section 5.2. The Change in Control
Cash Account Balance, if applicable, shall be a bookkeeping entry only and shall be utilized solely
as a device for the measurement and determination of the cash amounts to be paid to a
Participant, or his or her Designated Beneficiary, pursuant to the Plan.

         1.4          "Claims Reviewer" means the Compensation Committee of the Board of Directors
of the Company, unless another person or organizational unit is designated by the Company as
Claims Reviewer.

         1.5         "Company" means ITLA Capital Corporation, a Delaware corporation, and any
successor thereto.  Where applicable, including for purposes of determining whether a Participant
is employed by, or received Earnings from, the Company at any particular time, the term
"Company" shall also include any entity that would be treated as a single employer with the
Company under Section 414 of the Internal Revenue Code of 1986, as amended.

         1.6         "Company Stock" means the Company's designated Recognition and Retention
Plan shares, treasury shares and publicly traded common stock including publicly traded common
stock of a successor in interest.

         1.7         "Designated Beneficiary" means the individual the Participant designates as his or
her Beneficiary in such Participant's Supplemental Executive Retirement Plan designation of
beneficiary form.

         1.8         "Disability" means total and permanent disability as defined in the Company's long
term disability plan.

         1.9         "Earnings" means the Participant's base annual salary from the Company (without
regard to any deferral election made by the Participant and/or any bonuses paid to the
Participant).

         1.10         "Haligowski Employment Agreement" means that certain employment agreement
between the Company and George Haligowski dated January 28, 2000, as the same may be
thereafter amended.

         1.11          "Initial Change in Control Cash Balance" means, with respect to a Participant, the
unsecured obligation of the Company that is intended to represent a cash amount based upon the
conversion of his Stock Account Balance to cash on the day next following the consummation of
a Change in Control pursuant to a Participant's election, or an automatic conversion, under
Section 5.1, in exchange for the cancellation of his or her Vested Stock Account Balance, equal
to the number of shares of Company Stock allocated to his or her Vested Stock Account Balance
as of the consummation of the Change in Control multiplied by the cash value of the per share
merger consideration to be received in the Change in Control transaction as of the date of
consummation of the Change in Control (i.e., in the case of a common stock for common stock
exchange, the exchange ratio multiplied by the closing sales price of the acquiror's common stock
on the date of the 

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consummation of the Change in Control (or if such day is not a trading day,
then on the last trading day prior thereto) with the amount thereby determined being multiplied by
the number of shares of Company Stock allocated to a Participant's Stock Vested Account
Balance as of the consummation of such Change in Control).

         1.12          "Participant" means any employee of the Company who meets the eligibility
requirements of Article II and is designated and approved for participation in the Plan as set forth
in Article II.

         1.13          "Participant's Account" or "Account" means the Vested Stock Account Balance or
Change in Control Cash Account Balance of each Participant, whichever is applicable.

         1.14          "Plan" means the ITLA Capital Corporation Supplemental Executive Retirement
Plan, as set forth herein and as amended from time-to-time.

         1.15         "Plan Year" means the calendar year.

         1.16         "Retirement Date" means the later of the date a Participant leaves the employ of
the Company or the date upon which the Participant attains the age of 62.

         1.17         "Stock Account Balance" means, with respect to a Participant, the number of
shares of Company Stock allocated to a Participant, whether vested or unvested, under the Plan.

         1.18         "Trust" means the Trust under the Company Rabbi Trust Agreement.

         1.19         "Trustee" means Union Bank of California or any other person or corporation
selected by the Company to serve in such capacity of the Trust.

         1.20         "Vested Stock Account Balance" means, with respect to a Participant, the number
of vested shares of Company Stock credited to the Stock Account Balance of a Participant.

         1.21         "Vesting Cycle" means one of the following of seven consecutive three calendar
year periods: (1) January 1, 1997 through December 31, 1999; (2) January 1, 2000 through
December 31, 2002; (3) January 1, 2003 through December 31, 2005; (4) January 1, 2006
through December 31, 2008; (5) January 1, 2009 through December 31, 2011; (6) January 1,
2012 through December 31, 2014 and (7) January 1, 2015 through December 31, 2017.

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ARTICLE II

ELIGIBILITY TO PARTICIPATE

         2.1         Eligibility to Participate.  For purposes of Title I of the Employee Retirement
Income Security Act of 1974, as amended ("ERISA"), the Plan is limited to a select group of
management and highly compensated employees. 

         2.2         Designated Participants. An executive or senior management employee of the
Company is eligible to become a Participant in the Plan; provided such employee is designated as
a Participant below or, such employee is later designated as a Participant by the Compensation
Committee of the Board of Directors of the Company and, such designation is attached as a
written amendment to the Plan signed by a duly authorized officer of the Company. Under no
circumstance shall an employee below the level of Managing Director or Senior Vice President be
eligible to participate in the Plan.  The following individuals are Participants in the Plan as of
January 1, 2003.

George W. Haligowski (effective January 1997) 

Norval L. Bruce (effective January 1997)

Timothy Doyle (effective January 1997) 

Steven Romelt (effective January 1997) 

Don Nickbarg (effective May 2000) 

William Schack (effective January 2002) 

Scott Wallace (effective January 2002) 

William Callam (effective January 2003)

Once an employee becomes a Participant, he or she shall remain a Participant until all benefits, if
any, to which he or she (or his or her Designated Beneficiary) is entitled under the Plan have been
distributed.

ARTICLE III

ELIGIBILITY FOR AND DISTRIBUTION OF BENEFITS

         3.1         Eligibility for Benefits.  Each Participant shall be eligible to receive his or her
Vested Stock Account Balance or Change in Control Cash Account Balance, whichever is
applicable, under the Plan as provided in Sections 3.3 and 3.4 below. Except as set forth in
Sections 3.5 and 6.1 below, no benefits shall be payable from the Plan to a Participant while such
Participant is employed by the Company.

         3.2         Incidents of Ownership.  Notwithstanding the above, a Participant shall have no
incidents of ownership with respect to the Company Stock or any other assets held under the
Plan. A Participant shall not have any right to vote shares of Company Stock allocated or credited
to the Participant's Stock Account Balance under the Plan.

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         3.3         Form of Distribution.  A Participant's Vested Stock Account Balance shall be
distributed solely in Company Stock. A Participant's Change in Control Cash Account Balance
shall be distributed solely in cash.

         3.4         Election and Timing of Distribution.  

         (a)         Except as provided in this Section 3.4, Section 3.5 and 6.1, a Participant's Account
shall be distributed either in a single lump sum distribution, five (5) annual installments or ten (10)
annual installments in accordance with the written election of such Participant. Such written
election must be in form acceptable to the Compensation Committee of the Board of Directors of
the Company and shall not be effective until received by the Compensation Committee.  If no
written election is made, then the Participant's Account shall be paid in a single lump sum
distribution.

         (b)         With respect to the value of the Participant's Account determined as of December
31, 2004 (the "Pre-Section 409A Balance"), a Participant's election may be changed at any time
by filing a new written election (which shall automatically revoke his or her prior written election)
with the Compensation Committee of the Board of Directors of the Company, which election
shall become effective upon its receipt by the Compensation Committee; provided however, the
most recent written election received prior to the thirteenth (13th) month before the Participant's
termination of employment shall be controlling and any written election received within the
thirteen (13) month period immediately preceding the Participant's termination of employment
shall be disregarded; and provided further, that the first written election made under the Plan by a
Participant in calendar year 2003 and received by the Compensation Committee prior to January
1, 2004 shall in all cases be honored unless timely revoked thereafter by a new binding written
election. 

         (c)         With respect to the value of the Participant's Account in excess of the Participant's
Pre-Section 409A Balance (the "Section 409A Balance") the Participant may select a form of
distribution (among the options described in Section 3.4(a)) with respect to any allocation
contributed on his behalf, provided that the election is made before the Participant has a legally
binding right to the allocation.  Any such selection (including a default election in the event the
Participant did not make an election) may be subsequently changed by a Participant by delivering
a new written election to the Compensation Committee. However, except as may otherwise be
provided in Section 409A, (1) any such change in the form of distribution shall not take effect
until at least twelve months after the date the election is made, and (2) payment of the amount
with respect to which the form of distribution is being changed shall commence upon the fifth
anniversary of the date the Participant experiences a "Separation From Service" (as that phrase is
defined in Section 409A).

         (d)         Except as provided in Section 3.4(c): (1) a single lump sum distribution shall be
made within forty-five (45) days after a Participant's Separation From Service; (2) in the case of
an annual installment method (5 or 10 year term), the first annual distribution shall be made on the
first day of the calendar month next following the one year anniversary of the Participant's
Separation From Service, termination of employment (1/5 or 1/10 of the Participant's Account,
whichever is applicable), and subsequent annual installments will be made on each annual
anniversary of the first distribution (1/4 or 1/9 of the Participant's Account on the second
distribution date, whichever is applicable).  Notwithstanding the foregoing, with respect to
Section 409A Balances, except as provided in Section 3.4(c), if the Participant is a "specified
employee" (within the meaning of 

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Section 409A, and assuming for this purpose that the
"identification date" is December 31) then (i) the Participant's distribution (or initial distribution)
shall occur on the first day of the month next following the six month anniversary of the date of
the Participant's Separation From Service, if such termination of employment occurs for any
reason other than the Participant's death or becoming disabled (as that term is defined in Code
Section 409A(a)(2)(C)), and (ii) in the event the Participant elected to receive his Section 409A
Balance in installments, subsequent distributions shall be made on the first day of the month next
following the anniversary date of the Participant's Separation from Service.  

         (e)         All distributions under the Plan shall be less applicable tax and other required or
authorized withholdings. The Trust shall timely deliver to the Company a sufficient number of
shares of Company Stock from a Participant's Vested Stock Account Balance (based upon the
closing price on the most recent trading date prior to the date of delivery) or cash from his or her
Change in Control Cash Account Balance to satisfy the withholding obligations of such
Participant. All distributions of Company Stock shall comply with federal and state securities
laws.

         3.5         Advance Distribution for Financial Hardship.  With the consent of the Compensation
Committee of the Board of Directors of the Company, and notwithstanding anything contained in
Section 3.4 to the contrary, a Participant may withdraw up to one hundred percent (100%) of his
or her Vested Stock Account Balance (in shares) or Change in Control Cash Account Balance (in
cash), in each case less applicable tax and other required or authorized withholdings, prior to
termination of employment as may be required to meet a Participant's Unforeseeable Financial
Emergency (as defined herein), provided that the entire amount requested by the Participant is not
reasonably available from other resources of the Participant. An "Unforeseeable Financial
Emergency" shall mean an unforeseeable, severe financial condition resulting from (1) a sudden
and unexpected illness or accident of the Participant, the Participant's spouse or a dependent of
the Participant (within the meaning of Section 152(a) of the Code); (2) a loss of the Participant's property
due to casualty; or (3) other similar extraordinary and unforeseeable circumstances arising as a
result of events beyond the control of the Participant. The withdrawal must be necessary to satisfy
the Unforeseeable Financial Emergency and no more may be withdrawn from the Participant's
Account than is required to relieve the financial need, taking into account taxes reasonably anticipated as a result of the distribution, after taking into
account the extent to which such hardship is or may be relieved through reimbursement by
insurance or otherwise or by liquidation of the Participant's assets (to the extent the liquidation of
such assets would not itself cause severe financial hardship).  This Section shall be interpreted in a
manner consistent with Section 409A.      The Participant's Account shall be reduced by the
amount of any advance distribution for financial hardship including withholdings.

         3.6         Limitation on Distribution to Covered Employees.  Notwithstanding any other
provision of the Plan, in the event that the Participant is a "covered employee" as defined in
Section 1 62(m)(3) of the Internal Revenue Code of 1986, as amended (the "Code"), or would be
a covered employee if the benefits were distributed in accordance with Section 3.5 or 6.1, the
maximum amount which may be distributed from the Participant's Account under Section 3.5 or
6.1 in any Plan Year shall not exceed one million dollars ($1,000,000) less the amount of
compensation paid by the Company to the Participant in such Plan Year which is not
"performance-based" (as defined in Code Section 162(m)(4)(C)). The amount of compensation
which is not "performance-based" shall be reasonably determined by the Company at the time of
the proposed distribution.  Any amount which 

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is not distributed to the Participant in a Plan Year as
a result of the limitation set forth in this Section 3.6 shall be distributed to the Participant as soon
as possible after the Company reasonably anticipates that the deduction of the payment will not be
limited by Code Section 162(m) or the calendar year in which the Participant experiences a
Separation From Service.  The provisions of this Section 3.6 shall not apply if the Compensation
Committee of the Board of Directors of the Company, upon consultation with legal counsel,
determines that the restrictions of Code Section 162(m) do not apply to limit the deductibility of
distributions made under the Plan (or otherwise by the Company) to the Participant.

ARTICLE IV

ALLOCATION AND FUNDING OF STOCK ACCOUNT BALANCES

         4.1         Allocation to Stock Account Balances.  Shares of Company Stock under the Plan
are allocated to a Participant's Stock Account Balance on an annual basis on or within ninety (90)
days of the last day of the Plan Year. A Participant must be employed by the Company as of the
last day of the Plan Year in order to receive an allocation of shares for such Plan Year under this
Section 4.1 and Section 4.2. The amount of Company Stock allocated to a Participant's Stock
Account Balance pursuant to this Section 4.1 and Section 4.2 shall be determined using the fair
market value of the Company Stock as of October 8, 1998, of nine dollars ($9.00) a share.

         4.2         Allocation Amounts.  The annual amount allocated to a Participant pursuant to
Section 4.1 shall be calculated as follows, subject to approval of the allocation by the
Compensation Committee of the Board of Directors of the Company and the award of sufficient
shares of Company Stock to fund the annual allocation:

		-	The annual amount shall be equal to 20% of each such Participant's
Earnings (except in the case of George Haligowski, 33 1/3% of his
Earnings) for the Plan Year.

Notwithstanding the preceding sentences, the Compensation Committee of the Board of Directors
of the Company may approve a greater or lesser award for any Participant or determine that no
award is appropriate for a Participant. In no event, however, shall the total number of shares of
Company Stock allocated under the Plan (excluding reinvestments under Section 4.3 and stock
dividends and distributions) exceed the issued Recognition and Retention Plan shares to be
allocated under the Plan.

         4.3         Contribution to Trust and Reinvestment of Cash Dividends.  The Company shall
contribute shares of Company Stock to the Trust on an annual basis in an amount equal to the
total annual allocation for all Participants for the Plan Year as determined under Section 4.2 to the
extent that the Compensation Committee of the Board of Directors of the Company approves
such funding. The contributed shares shall come from the issued Recognition and Retention Plan
shares approved for such use by the shareholders in the Company's Recognition and Retention
Plan. All Recognition and Retention Plan terms pertaining to the granting of the shares shall
remain in full force and effect. The Plan shall be funded with Recognition and Retention Plan
shares only to the extent that shares are available and the shares are awarded by the Compensation
Committee of the Board of Directors of the Company.

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The number of shares of Company Stock allocated to each Participant's Stock Account Balance
under the Plan for a Plan Year under Sections 4.1 and 4.2 shall be determined by dividing the
Participant's allocation amount for such Plan Year as determined in Section 4.2 above by the fair
market value of Company Stock on October 8, 1998, of nine dollars ($9.00) a share. If the
available Recognition and Retention Plan shares should be insufficient to cover the allocation
amounts for all Participants for any Plan Year as determined under Section 4.2 above, the
allocation amounts shall be reduced for each Participant on a pro rata basis.

Stock dividends and distributions on shares of Company Stock allocated to a Participant's Stock
Account Balance shall be added to the Participant's Stock Account Balance with the portion
allocated to unvested shares being subject to the same vesting requirements of the underlying
shares. All cash dividends received on shares of Company Stock allocated to a Participant's Stock
Account Balance, whether vested or unvested, shall be reinvested by the Trustee in shares of
Company Stock (rounded to the nearest whole share), such additional shares shall be added to the
Participant's Stock Account Balance, and the Participant shall at all times be fully vested in such
reinvestments.

         4.4         Vesting. A Participant shall only have a vested right to the shares allocated to his
or her Stock Account Balance for a Vesting Cycle under Sections 4.1 and 4.2 (and any stock
dividends and distributions relating thereto) if such Participant is employed by the Company on
the last day of the Vesting Cycle. Notwithstanding the preceding sentence, a Participant shall be
100% vested in all shares allocated to his or her Stock Account Balance under Sections 4.1 and
4.2 (including any stock dividends distributions relating thereto) in the event of the consummation
of a Change of Control (if he or she is employed immediately prior to the Change in Control) or
termination of employment due to death, Disability or after Retirement Date. A Participant shall at
all times be 100% vested in reinvestments in Company Stock allocated to his or her Stock
Account Balance under Section 4.3. A Participant employed by the Company on the date of
termination of the Plan shall also be 100% vested in his or her Stock Account Balance upon Plan
termination. Notwithstanding the foregoing or anything contained elsewhere in the Plan, a
Participant's Vested Stock Account Balance shall be subject to forfeiture as provided in Section
7.1.

         4.5         Forfeiture.  In the event a Participant leaves the employ of the Company prior to a
Change in Control and before the end of a Vesting Cycle for reasons other than death, Disability
or after Retirement Date, all shares allocated to his or her Stock Account Balance under Section
4.1 and 4.2 (including stock dividends and distributions relating thereto) for that Vesting Cycle
shall be forfeited.  Forfeited shares shall be returned to the Company and may be reallocated to
satisfy future contributions under Sections 4.1 through 4.3. Notwithstanding the foregoing or
anything contained elsewhere in the Plan, the Vested Stock Account Balance of a Participant shall
be subject to forfeiture as provided in Section 7.1.

         4.6         No Further Contributions after a Change in Control.  No further contributions of
Company Stock shall be made under Sections 4.1 and 4.2 after a Change in Control.

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ARTICLE V

CONVERSION TO INITIAL CHANGE IN CONTROL CASH BALANCE AND

INVESTMENT CREDITS

         5.1         Procedure for Conversion.  Within 30 days prior to the consummation of a Change
in Control, a Participant (including a Participant or Designated Beneficiary who is then receiving
installment distributions of Company Stock pursuant to Section 3.4) may make a written election
to convert his or her Vested Stock Account Balance to the Initial Change in Control Cash
Balance as of the day next following the Change in Control. Such written election must be
received by the Compensation Committee of the Board of Directors of the Company within such
30 day period. If such written election is timely made, then on the day next following the Change
in Control, the Vested Stock Account Balance of the electing Participant shall terminate and his
or her benefits under the Plan shall then consist solely of his or her Change in Control Cash
Account Balance. In the event the Change in Control transaction results in the exchange of the
outstanding shares of common stock of the Company for consideration other than publicly traded
shares of the acquiror (and cash in lieu of fractional share interests), then in that event,
immediately following the consummation of the Change in Control the Stock Account Balance of
each Participant shall be automatically converted to the Initial Change in Control Cash Balance.
Nothing herein shall alter the method of distribution of a Participant's Account (i.e., lump sum,
five (5) year installments or ten (10) year installments) under Section 3.4.

         5.2         Investment Credits.  Each Participant's Change in Control Cash Account Balance
shall be credited with an investment credit through the close of business on each of (i) the last day
of the Plan Year and (ii) the day next preceding the date of any distribution of benefits to the
Participant from his or her Change in Control Cash Account Balance. The investment credit shall
be determined by multiplying either (a) the average yield on the 10 year constant maturity U.S.
Treasury Securities, as published in the Federal Reserve Statistical Release, determined by taking
the average yield for the last active trading day of each calendar month during the Applicable
Measurement Period times the average daily balance in the Participant's Change in Control Cash
Account Balance for such Applicable Measurement Period or (b) 125% of the annualized average
cost of funds of Imperial Capital Bank (or its successor in interest) during the Applicable Account
Period times the average daily balance in the Participant's Change in Control Cash Account
Balance for such Applicable Measurement Period, whichever results in the highest yield, with the
yield being applied on a pro-rata basis for any Applicable Measurement Period that is less than
one year.

         5.3         Trust Provisions.  As soon as practicable following the consummation of a Change
in Control (but not later than 30 days after the occurrence thereof), the Company shall contribute
cash to the Trust in an amount equal to the Initial Change in Control Cash Account Balance of
each Participant whose Vested Stock Account Balance is converted pursuant to Section 5.1, and
shares contained in the Stock Account Balance of each such Participant shall be tended by the
Trustee to the Company in cancellation of such Stock Account Balance. The preceding sentence
shall not apply, if the shares of Company Stock in the Stock Account Balance of a Participant are
exchanged for cash in the Change in Control transaction. To the extent that the actual earnings of
a Participant's Change in Control Cash Account Balance, based upon investments of the Trust,
exceed the amount of investment credit to be allocated to a Participant's Change in Control Cash
Account Balance pursuant 

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to Section 5.2, the excess shall be distributed by the Trust to the
Company. To the extent that such actual earnings are less than the investment credit to be
allocated to a Participant's Change in Control Cash Account Balance, the shortfall shall be
promptly contributed in cash to the Trust by the Company.  The funding of benefits under the
Plan shall comply in all respects with the requirements of Section 409A.

         5.4         Vested Benefits.  The Change in Control Cash Account Balance of each Participant
shall be 100% vested at all times and shall not be subject to forfeiture.

ARTICLE VI

AMENDMENT AND TERMINATION

         6.1         Amendment or Termination.  The Company intends the Plan to remain in existence
until all Participants in the Plan have received all of their benefits payable under the Plan.  The
Company, however, reserves the right to amend or terminate the Plan prior to a Change in
Control when, in the sole opinion of the Company, such amendment or termination is advisable.
Any such amendment or termination shall be made pursuant to a resolution of the Compensation
Committee of the Board of Directors of the Company.  No amendment or termination of the plan
shall directly or indirectly reduce any Participant's Account below the balance of such Account
immediately prior to the effective date of the resolution amending or termination the Plan; nor
shall any amendment or termination of the Plan delay the distribution date of  the Participant's
Account. Upon termination of the Plan any unvested shares of Company Stock allocated to he
Stock Account Balance of Participant who is then employed by the Company shall be come fully
vested.  Notwithstanding anything contained in Section 3.4 to the contrary, upon termination of
the Plan all Participant Accounts (including those Accounts which are then being distributed to
Participants or Designated Beneficiaries in installments) shall be paid in a single lump sum
distribution within 30 days after such termination but subject to the limitations set forth in Section
3.6, regardless of the distribution elections made by the Participants.  Distribution of Stock
Account Balances shall be made solely in shares of Company Stock and distribution of Change in
Control Cash Account Balances, if applicable, shall be made solely in cash.  No amendment to
(other than to comply with law) or termination of the Plan will be permitted to be made by the
Company after a Change in Control without the written consent of all Participants including
Participants or Designated Beneficiaries then receiving distributions.

         Notwithstanding anything to the contrary in this Article VI, the ability of the Company to
amend or terminate the Plan and distribute benefits in accordance with such amendment or
termination shall be subject to and limited by Section 409A.  Accordingly, unless Section 409A
provides otherwise, the Plan may be terminated only if: (a) all arrangements sponsored by the
Company that are required to be aggregated with this Plan under Section 409A are also
terminated; (b) no payments other than payments that would be payable under the terms of the
Plan or an aggregated plan if the termination had not occurred are made within 12 months of the
termination of the Plan and the related arrangements; (c) all payments are made within 24 months
of the termination of the Plan and related arrangements; and (d) the Company does not adopt a
new arrangement that would be required to be aggregated with this Plan under Section 409A if
the same Participant participated in both arrangements, within five years of the termination of the
Plan.  

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         The Company also may terminate the Plan within the thirty (30) days preceding a Change in Control
Event, provided that all substantially similar arrangements also are terminated, so that the Participants in this
Plan, and participants in all substantially similar arrangements, receive all amounts deferred under this Plan and
the arrangements within twelve (12) months of the date of the termination of this Plan and the other arrangements.
 For purposes of the preceding sentence, the phrase "Change in Control Event" shall mean a "change in
the ownership of the Company", a "change in the effective control of the Company", or a "change
in the ownership of a substantial portion of the Company's assets", all within the meaning of
Section 409A.  Further, the provisions of this paragraph shall have priority over and supercede
any election made by any Participant regarding the form of distribution of his or her benefits
pursuant to Article III hereof.  

         The Plan may not be amended or terminated
after a Change in Control Event without the written consent of the Participants, except to the extent necessary to comply with applicable law.

ARTICLE VII

ADMINISTRATION

         7.1         Termination of Benefits.  Notwithstanding any other provision of the Plan, the
rights of a Participant or his or her Designated Beneficiary to benefits under the Plan will, at the
discretion of the Compensation Committee of the Board of Directors, be terminated, and the
Company will have no obligation hereunder to such Participant or his or her Designated
Beneficiary, if such Participant is discharged from employment from the Company for cause (as
defined in the Company's Change of Control Severance Agreements) prior to a Change in
Control.

         7.2         Unsecured Claims.  The right of a Participant or his or her Designated Beneficiary
to receive a benefit hereunder shall be an unsecured claim against the general assets of the
Company, and neither a Participant nor his or her Designated Beneficiary shall have any rights in
or against any shares or amount credited to any Accounts under this Plan or any other assets of
the Company.  Notwithstanding any other provisions to the contrary, the Plan at all times shall be
considered entirely unfunded both for tax purposes and for purposes of Title I of ERISA as
amended.  Any assets or investments hereunder shall continue for all purposes to be part of the
general assets of the Company and available to its general creditors in the event of bankruptcy or
insolvency. Accounts under this Plan and any benefits which may be payable pursuant to this Plan
are not subject in any manner to anticipation, sale, alienation, transfer, assignment, pledge,
encumbrance, attachment, or garnishment by creditors of a Participant or his or her Designated
Beneficiary. The Plan constitutes a mere unsecured promise by the Company to make benefit
distributions in the future. No interest or right to receive a benefit may be taken, either voluntarily
of involuntarily, for the satisfaction of the debts of, or other obligations or claims against, such
person or entity, including claims for alimony, support, separate maintenance and claims in
bankruptcy proceedings.

         7.3         Plan Administration.  The Plan shall be administered by the Compensation
Committee of the Board of Directors of the Company, which shall have the authority, duty and
power to interpret and construe the provisions of the Plan as the Compensation Committee deems
appropriate including the authority to determine eligibility for benefits under the Plan. The
Compensation Committee shall have the duty and responsibility of maintaining records, making

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the requisite calculations and distributions hereunder. The interpretations, determinations,
regulations and calculations of the Compensation Committee shall be final and binding on all
persons and parties concerned. The Compensation Committee may delegate any of its duties to an
employee or employees of the Company or other persons as it deems appropriate.

         7.4         Expenses.  Expenses of administration shall be paid by the Company. The
Compensation Committee of the Board of Directors of the Company shall be entitled to rely on all
tables, valuations, certificates, opinions, data and reports furnished by any actuary, accountant,
controller, counsel or other person employed or retained by the Company with respect to the
Plan.

         7.5         Statements.  The Compensation Committee of the Board of Directors of the
Company (or the Trustee if such duty is delegated to the Trustee) shall furnish individual annual
or more frequent statements of accrued benefits to each Participant (or if the Participant's
Designated Beneficiary is currently receiving benefits under the Plan, to such Participant's
Designated Beneficiary) in such form as determined by the Compensation Committee of the
Board of Directors of the Company or as required by the law.

         7.6         No Enlargement of Rights.  The sole rights of a Participant or his or her
Designated Beneficiary under the Plan shall be to have this Plan administered according to its
provisions, to receive whatever benefits he or she may be entitled to hereunder, and nothing in the
Plan shall be interpreted as a guaranty that any assets or funds in any trust which may be
established in connection with the Plan or assets of the Company will be sufficient to pay any
benefit hereunder. Further, the adoption and maintenance of the Plan shall not be construed as
creating any contract of employment between the Company and the Participant. The Plan shall not
affect the right of the Company to deal with any Participants in employment respects, including
their hiring, discharge, compensation and conditions of employment.

         7.7         Rules and Procedures.  The Company may from time to time establish rules and
procedures which it determines to be necessary for the proper administration of the Plan and the
benefits payable to an individual in the event that individual is declared incompetent and a
conservator or other person legally charged with that individual's care is appointed. Except as
otherwise provided herein, when the Company determines that such individual is unable to
manage his or her financial affairs, the Company may pay such individual's benefits to such
conservator, person legally charged with such individual's care, or institution then contributing
toward or providing for the care and maintenance of such individual. Any such distribution shall
constitute a complete discharge of any liability of the Company, the Plan, the Trust and the
Trustee to such individual.

         7.8         Information.  Each Participant shall keep the Company informed of his or her
current address and the current address of his or her Designated Beneficiary. The Company shall
not be obligated to search for any person. If such person(s) is (are) not located within three (3)
years after the date on which distribution of the Participant's benefits payable under this Plan may
first be made, distribution may be made as though the Participant or his or her Designated
Beneficiary had died at the end of such three-year period.

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         7.9         Loss.  Notwithstanding any provision herein to the contrary, neither the Company
nor any individual acting as an employee or agent of the Company including the Trustee shall be
liable to any Participant, his or her Designated Beneficiary, or any other person for any claim,
loss, liability or expense incurred in connection with the Plan, unless attributable to fraud or
willful misconduct on the part of the Company or any such employee or agent of the Company.

         7.10        Indemnification.  The Company shall indemnify and hold harmless the members of
the Board of Directors, the Trustee, and any other persons to whom any responsibility with
respect to the Plan is allocated or delegated, from and against any and all liabilities, costs and
expenses, including attorneys' fees, incurred by such persons as a result of any act, or omission to
act, in connection with the performance of their duties, responsibilities and obligations under the
Plan and under ERISA, other than such liabilities, costs and expenses as may result from the bad
faith, willful misconduct or criminal acts of such persons or to the extent such indemnification is
specifically prohibited by ERISA. The Company shall have the obligation to conduct the defense
of such persons in any proceeding to which this Section applies. If any Board member or any
person covered by this indemnification clause determines that the defense provided by the
Company is inadequate, that member or person shall be entitled to retain separate legal counsel
for his or her defense and the Company shall be obligated to pay for all reasonable legal fees and
other court costs incurred in the course of such defense unless a court of competent jurisdiction
finds such person has acted in bad faith or engaged in willful misconduct or criminal acts.

         7.11        Trust Matters.  The Company's obligations under the Plan with respect to the
Accounts may be satisfied with Trust assets distributed pursuant to the terms of the Plan and any
such distribution shall reduce the Company's corresponding obligation under the Plan with respect
to the Accounts. The provisions of the Plan shall govern the rights of a Participant to receive
distributions pursuant to the Plan. The provisions of the Trust shall govern the rights of the
Company, Participants and the creditors of the Company to the assets transferred to and/or held
by the Trust. The Company shall at all times remain liable to carry out its obligations under the
Plan. Except for amendments to the Trust to comply with applicable laws, no amendment or
modification shall be made to the Trust without the prior written consent of all Participants who
have Accounts.  The funding of benefits under the Plan shall comply in all respects with the
requirements of Section 409A.

         7.12         Applicable Law.  All questions pertaining to the construction, validity and effect of
the Plan shall be determined in accordance with the laws of the State of California.

ARTICLE VIII

CLAIMS PROCEDURE

         8.1         Claims Procedure.  An initial claim for benefits under the Plan must be made by the
Participant or his or her Designated Beneficiary in accordance with the terms of the Plan through
which the benefits are provided. Not later than 90 days after receipt of such a claim, the Claims
Reviewer will render a written decision on the claim to the claimant, unless special circumstances
require the extension of such 90-day period. If such extension is necessary, the Claims Reviewer
shall provide the Participant or his or her Designated Beneficiary with written notification of such

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extension before the expiration of the initial 90-day period. Such notice shall specify the reason or
reasons for such extension and the date by which the final decision can be expected. In no event
shall such extension exceed a period of 90 days from the end of the initial 90-day period. In the
event the Claims Reviewer denies the claim of a Participant or his or her Designated Beneficiary
in whole or in part, the Claims Reviewer's written notification shall specify, in a manner calculated
to be understood by the claimant, the reason for the denial; a reference to the Plan or other
document or form that is the basis for the denial; a description of any additional material or
information necessary for the claimant to perfect the claim; an explanation as to why such
information or material is necessary; and an explanation of the applicable claims procedure.
Should the claim be denied in whole or in part and should the claimant be dissatisfied with the
Claim's Reviewer's disposition of the claimant's claim, the claimant may have a full and fair review
of the claim by the Company upon written request therefore submitted by the claimant or the
claimant's duly authorized representative and received by the Company within 60 days after the
claimant receives written notification that the claimant's claim has been denied. In connection with
such review, the claimant or the claimant's duly authorized representative shall be entitled to
review pertinent documents and submit the claimant's views as to the issues, in writing. The
Company shall act to deny or accept the claim within 60 days after receipt of the claimant's
written request for review unless special circumstances require the extension of such 60-day
period. If such extension is necessary, the Company shall provide the claimant with written
notification of such extension before the expiration of such initial 60-day period. In all events, the
Company shall act to deny or accept the claim within 120 days of the receipt of the claimant's
written request for review. The action of the Company shall be in the form of a written notice to
the claimant and its contents shall include all of the requirements for action on the original claim.
In no event may a claimant commerce legal action for benefits the claimant believes are due the
claimant until the claimant has exhausted all of the remedies and procedures afforded the claimant
by this Article VIII.

ITLA Capital Corporation has caused this Plan to be executed on this 1st day of February,
2006, but effective January 1, 2005).

		/s/ Jeffrey Lipscomb
Name:  Jeffrey Lipscomb

Compensation Committee Chairman

On behalf of ITLA Capital Corporation

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EXHIBIT 10.11

ITLA CAPITAL CORPORATION

2005 RE-DESIGNATED, AMENDED AND RESTATED

EMPLOYEE STOCK INCENTIVE PLAN

(as amended as of February 1, 2006)

Section 1

Establishment, Purpose, and Effective Date of Plan

         1.1         Purpose.  The purpose of the Employee Stock Incentive Plan ("Plan") is to advance the interests
of the Company, by encouraging and providing for the acquisition of an equity interest in the success of the
Company by Participants, by providing additional incentives and motivation toward superior performance of the
Company, and by enabling the Company to attract and retain the services of Participants, upon whose judgment,
interest, and special effort and successful conduct of its operations is largely dependent.

         1.2         Effective Date.	The Plan was originally adopted on October 18, 1995 and amended effective
July 31, 2001.  This 2005 Re-Designated Amended and Restated Employee Stock Incentive Plan was approved by
the Company's stockholders at the annual meeting of the Company's stockholders on July 27, 2005 (the "Effective
Date").  This Plan shall be treated as a new plan for purposes of Section 422 of the Code, so that an Option granted
hereunder on a date that is more than ten years after the original effective date of the Plan, and that is intended to
qualify as an Incentive Stock Option under Section 422 of the Code, complies with the requirements of Code
Section 422(b)(2) and the applicable regulations thereunder.  

         1.3         Nonapplicability of Section 409A of the Code.  No benefit provided under this Plan is intended
to constitute deferred compensation, within the meaning of Section 409A (as herein defined). Accordingly, the Plan
shall be administered and interpreted consistent with this intent, with respect to any benefits provided hereunder
after December 31, 2004, or any benefits provided hereunder prior to January 1, 2005 that are materially modified
(within the meaning of Section 409A) after October 3, 2004.

Section 2
Definitions

         2.1         Definitions.  Whenever used herein, the following terms shall have their respective meanings set
forth below:

         2.1.1         "Affiliate" means any corporation or limited liability company, a majority of the voting
stock or membership interests of which is directly or indirectly owned by the Company, and any partnership or joint
venture designated by the Committee in which any such corporation or limited liability company is a partner or joint
venturer.

         2.1.2         "Agreement" means a written agreement (including any amendment or supplement
thereto) between the Company and a Participant specifying the terms and conditions of an Award granted to such
Participant.

         2.1.3         "Award" means any arrangement, security or benefit that, by its terms, involves the
issuance of Stock or provides a benefit that derives its value from Stock granted under this Plan, including, without
limitation, Options, Stock Appreciation Rights, Restricted Stock, Restricted Stock Units, Performance Shares or
Performance Units.

         2.1.4         "Beneficiary" means the person or persons determined in accordance with Section 11. 

         2.1.5         "Board" means the Board of Directors of the Company.

         2.1.6         "Code" means the Internal Code of 1986, as amended from time to time, and the rulings
and regulations issued thereunder.

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         2.1.7         "Committee" means the Compensation Committee of the Board or such other committee
selected by the Board, comprised of at least two Directors, each of whom is a Non-Employee Director.

         2.1.8         "Company" means ITLA Capital Corporation, a Delaware corporation, or any successor
thereto.

         2.1.9         "Consultant" means any individual, other than an Employee or Director, who renders
services to the Company and who qualifies as a consultant under the general instructions to the Form S-8
Registration Statement under the Securities Act of 1933, as amended, or any successor form.

         2.1.10         "Director" means any member of the Board.

         2.1.11          "Disability" means a condition of total and permanent disability whereby one is unable to
engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment
which can be expected to result in death or can be expected to last for a continuous period of not less than 12
months, as defined by Section 22(e) of the Code. 

         2.1.12         "Employee" means any full-time or part-time employee of the Company or an Affiliate
(including any officer or director who is also an employee) who was not hired for a specific job of limited duration,
or for a position slotted for students.

         2.1.13         "Exchange Act" means the Securities Exchange Act of 1934, as amended.

         2.1.14         "Fair Market Value" means with respect to the Stock the closing sales price of the Stock,
as reported on the Nasdaq Stock Market or, if not so reported, the closing sales price as reported by any other
appropriate reporting system of general circulation, on the date for which the value is to be determined, or if there is
no closing sales price on such date, then on the last day for which transactions in Stock were so reported prior to the
date on which the value is to be determined.

         2.1.15         "Incentive Stock Option" means any Option intended to be and designated as an
"Incentive Stock Option" within the meaning of Section 422 of the Code.

         2.1.16         "Non-Employee Director" means a Director who qualifies as (i) a "Non-Employee
Director" under Rule 16b-3 under the Exchange Act (or any successor provision) and (ii) an "Outside Director"
under Section 162(m) of the Code (or any successor provision) and the regulations promulgated thereunder.

         2.1.17         "Non-Qualified Stock Option" means any Option that is not an Incentive Stock Option.

         2.1.18         "Option" means the right to purchase Stock at a stated price for a specified period of
time. For purposes of the Plan an Option may be either (i) an Incentive Stock Option,  (ii) a Non-Qualified Stock
Option, or (iii) any other type of option encompassed by the Code. 

         2.1.19         "Participant" means an Employee of the Company or one of its Affiliates, including an
Employee who is a Director, or a Consultant, and who is selected by the Committee to receive an Award.

         2.1.20         "Performance Period," stated with reference to Performance Shares or Performance
Units, means the time period during which the performance goals must be met, as determined by the Committee.

         2.1.21         "Performance Share" means the right to receive payment equal to the value of a Performance Share as determined by the Committee.

         2.1.22         "Performance Unit" means the right to receive payment equal to the value of a
Performance Unit as determined by the Committee.

         2.1.23         "Period of Restriction" means the period during which shares of Restricted Stock or
Restricted Stock Units are subject to restrictions pursuant to Section 9 of the Plan.

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         2.1.24         "Related" means (i) in the case of an SAR, an SAR which is granted in connection with,
and to the extent exercisable, in whole or in part, in lieu of, an Option and (ii) in the case of an Option, an Option
with respect to which and to the extent an SAR or other right is exercisable, in whole or in part, in lieu thereof.

         2.1.25         "Restricted Stock" means shares of Stock granted to a Participant which are subject to a
Period of Restriction under Section 9 of the Plan.

         2.1.26         "Restricted Stock Unit" means the right to receive a share of Stock, which right is subject
to a Period of Restriction under Section 9 of the Plan.

         2.1.27         "Retirement" (including "Early Retirement" and "Normal Retirement") means
termination of employment on or after such Employee's early, normal or late retirement date or age as applicable
under the terms of the Company's 401(k) Plan. 

         2.1.28         "Section 409A" means Section 409A of the Code and any regulations or guidance of
general applicability thereunder 

         2.1.29         "Stock" means the Common Stock, par value $.01 per share, of the Company.

         2.1.30         "Stock Appreciation Right" and "SAR" mean the right to receive a payment from the
Company equal to the excess of the Fair Market Value of the share of Stock at the date of exercise over a specified
price fixed by the Committee, which shall not be less than 100% of the Fair Market Value of the Stock on the date
of grant. In the case of a Stock Appreciation Right which is granted in conjunction with an Option, the specified
price shall be the Option exercise price.

         2.2         Gender and Number. Except when otherwise indicated by the context, words in the masculine
gender when used in the Plan shall include the feminine gender, the singular shall include the plural, and the plural
shall include the singular.

Section 3
Eligibility and Participation

         All Employees (including Employee-Directors, but excluding Directors who are not Employees) and
Consultants are eligible to participate in the Plan and to receive Awards. The Committee shall select and determine,
in its sole discretion, those Employees and Consultants who will participate in the Plan and the extent of their
participation. Notwithstanding the foregoing, Consultants shall not be eligible to receive Incentive Stock Options.

Section 4
Administration

         4.1         Administration of the Plan.  The Committee shall be responsible for the administration of the
Plan.  Any power of the Committee may also be exercised by the Board, except to the extent that the grant or
exercise of such authority would cause any Award or transaction to become subject to (or lose an exemption under)
the short-swing profit recovery provisions of Section 16 of the Exchange Act or cause an Award not to qualify for
treatment as "performance based compensation" under Section 162(m) of the Code. To the extent that any permitted
action taken by the Board conflicts with action taken by the Committee, the Board action shall control. The
Committee may delegate any or all aspects of the day-to-day administration of the Plan to one or more officers or
employees of the Company or any Affiliate, and/or to one or more agents.

         4.2         Powers of the Committee. The Committee, by majority action thereof, is authorized to interpret
the Plan, to prescribe, amend, and rescind rules and regulations relating to the Plan, to provide for conditions and
assurances deemed necessary or advisable to protect the interests of the Company, and to make all other
determinations necessary or advisable for the administration of the Plan, but only to the extent not contrary to the
express provisions of the Plan. The Committee shall have the authority, in its discretion, to determine the
Participants to whom Awards shall be granted, the times when such Awards shall be granted, the number of
Awards,

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the purchase price or exercise price, the period(s) during which such Awards shall be exercisable (whether
in whole or in part), the restrictions applicable to Awards, and the other terms and provisions thereof (which need
not be identical). The Committee shall have the authority to modify existing Awards, subject to Section 14.1.

         	4.3         Determinations by the Committee. All decisions, determinations and interpretations by the
Committee regarding the Plan, any rules and regulations under the Plan, and the terms and conditions of or
operation of any Award granted hereunder, shall be final and binding on all Participants, Beneficiaries, heirs,
assigns or other persons holding or claiming rights under the Plan or any Award. The Committee shall consider such
factors as it deems relevant, in its sole and absolute discretion, to making such decisions, determinations and
interpretations including, without limitation, the recommendations or advice of any officer or other employee of the
Company and such attorneys, consultants and accountants as it may select.

Section 5
Stock Subject to Plan

         5.1         Number. Subject to increases and adjustments as provided in this Section 5, the maximum
number of shares of Stock subject to Awards under the Plan may not exceed 1,561,000 (the "Limit"), provided that
with respect to Awards of SARs, only the net number of shares issued to settle the SARs upon their exercise shall
be counted against the Limit, and provided further that each share issued pursuant to Awards of SARs, Restricted
Stock, Restricted Stock Units, Performance Shares or Performance Units shall be counted against the Limit as two
(2) shares.  The shares of Stock to be delivered under the Plan may consist, in whole or in part, of authorized but
unissued shares or treasury shares, not reserved for any other purpose.  The maximum aggregate number of shares
of Stock with respect to which Options or SARs may be granted during any calendar year to any Employee is
1,561,000, subject to adjustment as provided in Section 5.4.

         5.2         Incentive Stock Options. The maximum aggregate number of shares of Stock that may be issued
pursuant to the exercise of Options that are Incentive Stock Options granted under this Plan is 1,561,000, subject to
adjustment as provided in Section 5.4.

         5.3         Lapsed Awards. Subject to the express provisions of the Plan, if and to the extent any Award
granted under the Plan terminates, expires or lapses for any reason, any Stock subject to such Award again shall be
Stock available for the grant of an Award.  Shares of Stock used to pay the exercise price of an Option and shares of
Stock used to satisfy tax withholding obligations are not available for future Awards under the Plan.

         5.4         Adjustment in Capitalization. In the event of any change in the outstanding shares of the Stock
by reason of a stock dividend or split, recapitalization, merger, consolidation, combination, exchange of shares, or
other similar corporate change, the aggregate number of shares of Stock available under the Plan and subject to each
outstanding Award, as well as the annual share limits for Award types set forth in Section 5 and the stated exercise
price of or the basis upon which the Award is measured, shall be adjusted appropriately by the Committee, whose
determination shall be conclusive; provided, however, that fractional shares shall be rounded to the nearest whole
share. Any adjustment to an Incentive Stock Option shall be made consistent with the requirements of Section
424(b) of the Code.  Notice of any adjustment shall be given by the Company to each Participant, and such
adjustment (whether or not notice is given) shall be effective and binding for all purposes of the Plan.

Section 6
Duration of Plan

         The Plan shall remain in effect, subject to the Board's right to earlier terminate the Plan pursuant to Section
14.1 hereof, until all Awards hereunder shall have expired or terminated or shall have been exercised or fully
vested, and any Stock subject thereto shall have been purchased or acquired pursuant to the provisions thereof.
Notwithstanding the foregoing, no Award may be granted under the Plan after the tenth (10th) anniversary of the
Effective Date.

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Section 7
Stock Options

         7.1         Grant of Options. Subject to the provisions of Sections 5 and 6, Options may be granted to
Participants at any time and from time to time as shall be determined by the Committee. The Committee shall have
complete discretion in determining the number of Options granted to each Participant. The Committee may grant
any type of Option to purchase Stock that is permitted by law at the time of grant. To the extent the aggregate Fair
Market Value (determined at the time the Option is granted) of the Stock with respect to which Incentive Stock
Options are exercisable for the first time by a Participant in any calendar year (under this Plan and any other plans
of the Company) exceeds $100,000, such Options shall not be deemed Incentive Stock Options. In determining
which Options may be treated as Non-Qualified Options under the preceding sentence, Options will be taken into
account in the order of their dates of grant. Nothing in this Section 7 shall be deemed to prevent the grant of Non-Qualified Stock Options in amounts which exceed the maximum established by Section 422 of the Code.

         7.2         Option Agreement. Each Option shall be evidenced by an Agreement that shall specify the type
of Option granted, the Option exercise price, the duration of the Option, the number of shares of Stock to which the
Option pertains, and such other provisions as the Committee shall determine.

         7.3         Exercise Price. No Option shall be granted pursuant to the Plan at an exercise price that is less
than the Fair Market Value of the Stock on the date the Option is granted, and no Option shall be granted to any
person who owns Stock possessing more than 10% of the total combined voting power of the Stock at an exercise
price which is less than 110% of the Fair Market Value on the date of the grant.

         7.4         Duration of Options. Each Option shall expire at such time or times as the Committee shall
determine at the time it is granted; provided, however, that no Option shall be exercisable later than ten years from
the date of its grant.

         7.5         Exercise of Options. Options granted under the Plan shall be exercisable at such times and be
subject to such restrictions and conditions as the Committee shall in each instance approve, which need not be the
same for all Participants; provided, however, that Options granted pursuant to the Plan shall not vest at a rate of less
than 20% per year.

         7.6         Payment.  The exercise price of any Option shall be paid in full either (i) in cash, (ii) in Stock
valued at its Fair Market Value on the date of exercise, or (iii) by a combination of (i) and (ii). The Committee in its
sole discretion may also permit payment of the exercise price upon exercise of any Option to be made by (i) having
shares withheld from the total number of shares of Stock to be delivered upon exercise or (ii) delivering a properly
executed notice together with irrevocable instructions to a broker to promptly deliver to the Company the amount of
sale or loan proceeds to pay the exercise price. The proceeds from the exercise of Options shall be added to the
general funds of the Company and shall be used for general corporate purposes.

         7.7         Restrictions on Stock Transferability. The Committee may impose such restrictions on any
shares of Stock acquired pursuant to the exercise of an Option under the Plan as it may deem advisable, including,
without limitation, restrictions under applicable federal securities law, under the requirements of any stock exchange
upon which such shares of Stock are then listed and under any blue sky or state securities laws applicable to such
shares.

         7.8         Early Termination of Options on Termination of Employment Due to Death, Disability, or Retirement. If a Participant holds any outstanding Option upon a termination of employment due to death,
Disability or Retirement, such Option shall remain exercisable and shall continue to vest following such termination
of employment in accordance with its terms until the earlier of (i) the expiration date of the term of the Option, or
(ii) the last date on which such Option is exercisable as specified below, after which date such Option shall
terminate.

                  7.8.1         Death or Disability. Unless the Committee provides otherwise in the terms of the
Agreement evidencing the Option, if the termination of employment is due to the Participant's death or Disability,

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any outstanding Option then held by such Participant shall continue to be exercisable until one (1) year following
the Participant's termination of employment.

                  7.8.2         Retirement. If the Participant's termination of employment is due to Retirement, any
outstanding Option then held by such Participant shall continue to be exercisable (subject to Section 7.8.3 below)
for six (6) months after such Participant's termination of employment.

                  7.8.3         Incentive Stock Option Limit.  Notwithstanding the foregoing, in the case of an
Incentive Stock Option, the favorable tax treatment described in Section 422 of the Code shall not be available if
such Option is exercised after three (3) months following a termination of employment due to Retirement.

         7.9         Early Termination of Options on Termination of Employment Other than for Death,
Disability, or Retirement. If a Participant holds any outstanding Option upon termination of employment due to a
reason other than death, Disability or Retirement, such Option shall remain exercisable and shall continue to vest
following such termination of employment until the earlier of (i) the expiration of the term of the Option, or (ii) the
last date on which such Option is exercisable as specified below, after which date such Option shall terminate.

                  7.9.1         Resignation, Layoff and Other Events. If the Participant's termination of employment
is due to any reason other than the Participant's death, Disability, Retirement or the action of the Company for
cause, as determined (either before or after such event) by the Committee in its sole discretion, any outstanding
Option then held by such Participant shall continue to be exercisable for three (3) months following such
Participant's termination of employment.

                  7.9.2         Termination by the Company for Cause. If the Participant's employment is terminated
by action of the Company for cause, as determined (either before or after such event) by the Committee in its sole
discretion, any outstanding Option held by such Participant shall terminate immediately upon such Participant's
termination of employment. Termination for cause is defined as termination for conduct that would be punishable as
a felony if such conduct occurred outside the workplace, or conduct that could be damaging to either the Company's
reputation or financial status. The Committee has the authority to make the final determination as to whether a
termination is for cause for purposes of the Plan.

         7.10         Non-Transferability of Options. No Option granted under the Plan may be sold, transferred,
pledged, assigned, or otherwise alienated or hypothecated, otherwise than by will or by the laws of descent and
distribution or pursuant to a qualified domestic relations order as defined by the Code or Title I of the Employee
Retirement Income Security Act of 1974, as amended ("ERISA"), or the rules thereunder, except that a Non-Qualified Stock Option may be transferred by gift to any member of the Participant's immediate family (defined as
the Participant's spouse, children and grandchildren) if the Committee so specifies in the Agreement evidencing the
Option. Further, all Incentive Stock Options granted to a Participant under the Plan shall be exercisable only by
such Participant during his or her lifetime.

         7.11         No Repricing. Other than in connection with a change in the Company's capitalization (as
described in Section 5.4), an Option may not be repriced without stockholder approval (including canceling
previously awarded Options and regranting them with a lower exercise price).

Section 8
Stock Appreciation Rights

         8.1         Grant of Stock Appreciation Rights. Subject to the provisions of Sections 5 and 6, SARs may
be granted to Participants at any time and from time to time as shall be determined by the Committee. An Award of
SARs shall be pursuant to an Agreement.  An SAR may be Related to an Option or may be granted independently of
any Option as the Committee shall from time to time in each case determine.  In the case of a Related Option, such
Related Option shall cease to be exercisable to the extent of the shares of Stock with respect to which the Related
SAR was exercised.  Upon the exercise or termination of a Related Option, any Related SAR shall terminate to the
extent of the shares of Stock with respect to which the Related Option was exercised or terminated.  SARs shall
only be granted while the Stock is traded on the Nasdaq Stock Market or an established securities exchange. 

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         8.2         Payment of SAR Amount. Upon exercise of the SAR, the holder shall be entitled to receive
payment of an amount determined by multiplying:

		(a)	The difference between the Fair Market Value of a share of Stock at the date of exercise over
the price fixed by the Committee at the date of grant (which price shall not be less than the
Fair Market Value of the underlying Stock on the date the SAR is granted), by

		(b)	The number of shares with respect to which the SAR is exercised.

         8.3         Form and Timing of Payment.  Payment for SARs shall be made in Stock, as soon as
reasonably practicable after the Participant's exercise of the SAR.  Fractional share interests shall be rounded up to
the nearest whole share.

         8.4         Term of SAR. The term of an SAR under the Plan shall not exceed ten years.

         8.5         Termination of Employment. In the event the employment of a Participant is terminated by
reason of death, Disability, Retirement, or any other reason, any SARs outstanding shall terminate in the same
manner as specified for Options under Sections 7.8 and 7.9 herein.

         8.6         Non-Transferability of SARS. No SAR granted under the Plan may be sold, transferred,
pledged, assigned, or otherwise alienated or hypothecated, otherwise than by will or by the laws of descent and
distribution or pursuant to a qualified domestic relations order as defined by the Code or Title I of ERISA, or the
rules thereunder except that an SAR that is not Related to an Incentive Stock Option may be transferred by gift to
any member of the Participant's immediate family (defined as the Participant's spouse, children and grandchildren)
if the Committee so specifies in the Agreement evidencing the SAR.  Further, all SARs Related to Incentive Stock
Options granted to a Participant shall be exercisable only by such Participant during his lifetime.

         8.7         No Repricing. Other than in connection with a change in the Company's capitalization (as
described in Section 5.4), a Stock Appreciation Right may not be repriced without stockholder approval (including
canceling previously awarded Stock Appreciation Rights and regranting them with a lower exercise price).  No
repricing shall occur that would cause any SAR (whether currently outstanding or newly granted) to be subject to
Section 409A. 

Section 9
Restricted Stock and Restricted Stock Units

         9.1         Grant of Restricted Stock and Restricted Stock Units. Subject to the provisions of Sections
5 and 6, the Committee, at any time and from time to time, may grant shares of Restricted Stock and
Restricted Stock Units under the Plan to such Participants and in such amounts as it shall determine. Each
Award of Restricted Stock and Restricted Stock Units shall be pursuant to an Agreement.

         9.2         Restrictions of Transferability. Except as provided in Sections 9.6 and 9.7 hereof, or pursuant
to a qualified domestic relations order as defined by the Code or Title I of ERISA, or the rules thereunder, the
shares of Restricted Stock and Restricted Stock Units granted hereunder may not be sold, transferred, pledged,
assigned, or otherwise alienated or hypothecated for such period of time as shall be determined by the Committee
and as specified in the Agreement evidencing the Award of Restricted Stock or Restricted Stock Units, or upon
earlier satisfaction of other conditions as specified by the Committee in its sole discretion and set forth in the
Agreement evidencing the Award of Restricted Stock or Restricted Stock Units.

         9.3         Other Restrictions. The grant, issuance, retention, vesting and/or settlement of Restricted Stock
and Restricted Stock Units shall occur at such time and in such installments as determined by the Committee or
under criteria established by the Committee, provided that Restricted Stock Units may not be settled later than the
later of (a) the date that is 2 1⁄2 months following the end of the Company's first taxable year in which the Restricted
Stock Units have vested or (b) the date that is 2 1⁄2 months following the end of the Participant's first taxable year in
which the Restricted Stock Units have vested. The Committee shall have the right to make the timing of the grant
and/or the issuance, ability to retain and vesting of Restricted Stock and Restricted Stock Units subject to continued

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employment, passage of time and/or such performance criteria as deemed appropriate by the Committee; the
Committee shall impose such other restrictions on any shares of Restricted Stock and Restricted Stock Units granted
pursuant to the Plan as it may deem advisable including, without limitation, restrictions under applicable Federal or
state securities law, and may legend the certificates representing Restricted Stock to give appropriate notice of such
restrictions. For Restricted Stock and Restricted Stock Units granted on or after January 1, 2005, the restrictions
placed on the ability to retain, or vest in, such Restricted Stock and Restricted Stock Units shall at least constitute a
substantial risk of forfeiture under Section 83 of the Code.

         9.4         Voting Rights. Participants holding shares of Restricted Stock granted hereunder may exercise
full voting rights with respect to those shares during the Period of Restriction.  Participants shall have no voting
rights with respect to shares of Stock underlying Restricted Stock Units unless and until such shares of Stock are
reflected as issued and outstanding shares of Stock on the Company's stock ledger.

         9.5         Dividends and Other Distributions. During the Period of Restriction, Participants holding
shares of Restricted Stock granted hereunder shall be entitled to receive all dividends and other distributions paid
with respect to those shares while they are so held. If any such dividends or distributions are paid in shares of Stock,
the shares shall be subject to the same restrictions on transferability as the shares of Restricted Stock with respect to
which they were paid.  Shares underlying Restricted Stock Units shall be entitled to dividends or dividend
equivalents only to the extent provided by the Committee.

         9.6         Termination of Employment Due to Retirement. In the event that a Participant attains normal
Retirement age under the Company's 401(k) Plan, the Period of Restriction applicable to the Restricted Stock or
Restricted Stock Units pursuant to Subsection 9.2 hereof shall automatically terminate and, except as otherwise
provided in Subsection 9.3, the shares of Restricted Stock shall thereby be free of restrictions and freely transferable
or the shares underlying the Restricted Stock Units shall be delivered to the Participant, free of restrictions and
freely transferable. In the event that a Participant terminates his employment with the Company because of Early
Retirement under the Company's 401(k) Plan, any shares of Restricted Stock or Restricted Stock Units still subject
to restrictions shall be forfeited and returned to the Company; provided, however, that the Committee in its sole
discretion may waive the restrictions remaining on any or all shares of Restricted Stock or Restricted Stock Units or
add such new restrictions to those shares of Restricted Stock or Restricted Stock Units as it deems appropriate.

         9.7         Termination of Employment Due to Death or Disability. In the event a Participant terminates
his employment with the Company because of death or Disability during the Period of Restriction, the restrictions
applicable to the shares of Restricted Stock or Restricted Stock Units pursuant to Section 9.2 hereof shall terminate
automatically with respect to that number of shares (rounded to the nearest whole number) equal to the number of
shares of Restricted Stock granted to such Participant or the number of shares underlying Restricted Stock Units
granted to the Participant multiplied by the number of full months which have elapsed since the date of grant
divided by the maximum number of full months of the Period of Restriction. All remaining shares of Restricted
Stock or Restricted Stock Units still subject to restrictions shall be forfeited and returned to the Company; provided,
however, that the Committee in its sole discretion, may waive the restrictions remaining on any or all such
remaining shares or Restricted Stock Units.

         9.8         Termination of Employment for Reasons Other than Death, Disability, or Retirement. In the
event that a Participant terminates his employment with the Company for any reason other than those set forth in
Sections 9.6 and 9.7 hereof during the Period of Restriction, then any shares of Restricted Stock or Restricted Stock
Units still subject to restrictions at the date of such termination automatically shall be forfeited and returned to the
Company; provided, however, that, in the event of an involuntary termination of the employment of a Participant by
the Company, the Committee in its sole discretion may waive the automatic forfeiture of any or all such shares of
Restricted Stock or Restricted Stock Units and/or may add such new restrictions to such shares of Restricted Stock
or Restricted Stock Units as it deems appropriate.

Section 10

Performance Shares and Performance Units

               	10.1         Grant of Performance Shares and Performance Units. Subject to the provisions of Sections 5
and 6, Performance Shares and Performance Units shall be based on performance goals established by the

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Committee prior to the start of a Performance Period with respect to which such an Award is made. For
Performance Shares or Performance Units made on or after January 1, 2005, the failure to satisfy the performance
criteria applicable thereto must at least be considered a substantial risk of forfeiture within the meaning of Section
409A.  After the start of a Performance Period, the Committee may not increase the compensation payable under an
Award that is otherwise due upon attainment of a performance goal. 

         10.2          Value of Performance Shares and Performance Units. Each Performance Share and each
Performance Unit shall have a value determined by the Committee at the time of grant. The Committee shall set
performance goals in its discretion which, depending on the extent to which they are met, will determine the
ultimate value of the Performance Share or Performance Unit to the Participant.

                	10.3         Performance Goals. Performance goals shall be established by the Committee as the Committee
in its sole discretion deems appropriate, and may be based upon any one or more of the following performance
criteria, either individually, alternatively or in any combination, and measured either annually or cumulatively over a
period of years, on an absolute basis or relative to a pre-established target, to previous years' results or to a
designated comparison group, in each case as specified by the Committee: (i) Company or Affiliate EBITDA
(earnings before interest, taxes, depreciation and amortization); (ii) Company or Affiliate earnings or earnings per
share; (iii) market prices of Stock; or (iv) division level operating income (operating income less general and
administrative expenses and extraordinary expenses).  Such performance goals may be (but need not be) different
for each performance period. The Committee may set different (or the same) goals for different Participants and for
different Awards, and performance goals may include standards for minimum attainment, target attainment, and
maximum attainment. In all cases, however, performance goals shall include a minimum performance standard
below which no part of the relevant Award will be earned.  Each Performance Share shall have a value determined
by the Committee at the time of grant.

         10.4         Form and Timing of Payment. Payment shall be made in Stock. Payment may be made in a
lump sum or installments as prescribed by the Committee. If any payment is to be made on a deferred basis, the
Committee may provide for the payment of dividend equivalents or interest during the deferral period. Only
Performance Shares and Performance Units granted on or prior to October 3, 2004, which have not been materially
modified (within the meaning of Section 409A, which includes the deferral of payment of Performance Shares and
Performance Units which have previously met the applicable performance criteria) after October 3, 2004, may be
paid on a deferred basis. Performance Shares and Performance Units granted after October 3, 2004, may not be paid
later than the later of the (a) the date that is 2 1⁄2 months following the end of the Company's first taxable year in
which the performance criteria pertaining to the Performance Shares and Performance Units have been satisfied, or
(b) the date that is 2 1⁄2 months following the end of the Participant's first taxable year in which the performance
criteria pertaining to the Performance Shares and Performance Units have been satisfied.

                	10.5         Termination of Employment Due to Death, Disability or Retirement.  In the case of death,
Disability, or Retirement, the holder of a Performance Share (or his Beneficiary in the event of death) shall receive
pro rata payment based on the number of months' service during the Performance Period but based on the
achievement of performance goals during the entire Performance Period. Payment shall be made at the time
payments are made to Participants who did not terminate service during the Performance Period, subject to Section
10.4 of the Plan.

                	10.6         Termination of Employment for Reasons Other than Death, Disability or Retirement. In the
event that a Participant terminates employment with the Company for any reason other than death, Disability or
Retirement, all Performance Shares shall be forfeited; provided, however, that in the event of an involuntary
termination of the employment of the Participant by the Company, the Committee in its sole discretion may waive
the automatic forfeiture provisions and pay out on a pro rata basis as set forth in Section 10.5. 

                	10.7         Non-Transferability. No Performance Shares or Performance Units granted under the Plan may
be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated, otherwise than by will or by the laws
of descent and distribution or pursuant to a qualified domestic relations order as defined by the Code or Title I of
ERISA, or the rules thereunder, until the termination of the applicable Performance Period. All rights with respect
to Performance Shares granted to a Participant under the Plan shall be exercisable only by such Participant during
his lifetime.

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Section 11

Beneficiary Designation

         	Each Participant under the Plan may name, from time to time, any Beneficiary or Beneficiaries (who may
be named contingently or successively) to whom any benefit under the Plan is to be paid in case of his or her death
before he or she receives any or all of such benefit. Each designation will revoke all prior designations by the same
Participant, shall be in a form prescribed by the Committee, and will be effective only when filed by the Participant
in writing with the Committee during his lifetime. In the absence of any such designation, benefits remaining unpaid
at the Participant's death shall be paid to his or her estate.

Section 12
Rights of Employees

                	12.1         Employment. Nothing in the Plan shall interfere with or limit in any way the right of the
Company to terminate any Participant's employment at any time, nor confer upon any Participant any right to
continue in the employ of the Company.

                	12.2         Participant. No Employee shall have a right to be selected as a Participant, or, having been so
selected, to be selected again as a Participant.

Section 13

Change in Control

                	13.1         In General. In the event of a change in control of the Company as defined in Section 13.2 below,
all Awards under the Plan shall vest 100%. All Performance Shares and Performance Units shall be paid out based
upon the extent to which performance goals during the Performance Period have been met up to the date of the
change in control, or at target, whichever is higher. Restrictions on Restricted Stock and Restricted Stock Units shall
lapse. Options and SARs shall be immediately exercisable by the holder.

                	13.2         Definition. For purposes of the Plan, a "change in control" shall mean any of the following
events:

         	         (a) the Company receives a report on Schedule 13D filed with the Securities and Exchange
Commission pursuant to Section 13(d) of the Exchange Act disclosing that any person, group, corporation or other
entity is the beneficial owner directly or indirectly of 30% or more of the outstanding Stock;

         	         (b) any person (as such term is defined in Section 13(d) of the Exchange Act), group, corporation
or other entity other than the Company or a wholly-owned Subsidiary or any corporation owned directly or
indirectly by the stockholders of the Company in substantially the same proportions as their ownership of stock in
the Company, purchases shares pursuant to a tender offer or exchange offer to acquire any Stock of the Company,
(or securities convertible into Stock) for cash, securities or any other consideration, provided that after
consummation of the offer, the person, group, corporation or other entity in question is the beneficial owner (as
such term is defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of 30% or more of the
outstanding Stock of the Company (calculated as provided in paragraph (d) of Rule 13d-3 under the Exchange Act
in the case of rights to acquire Stock);

         	         (c) the stockholders of the Company approve (a) any consolidation or merger of the Company in
which the Company, or any corporation owned directly or indirectly by the stockholders of the Company in
substantially the same proportions as their ownership of stock in the Company, is not the continuing or surviving
corporation or pursuant to which shares of Stock would be converted into cash, securities or other property, or (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

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                  (d) there shall have been a change in a majority of the members of the Board of Directors of the
Company within a 12 month period unless the election or nomination for election by the Company's stockholders of
each new director was approved by the vote of two-thirds of the directors then still in office who were in office at
the beginning of the 12 month period.

Section 14

Amendment, Modification, and Termination of Plan

         14.1         Amendment, Modification, and Termination of Plan. The Board may amend, alter, or
discontinue the Plan, but no amendment, alteration or discontinuation shall be made (i) which would impair the
rights of any Participant with respect to an Award theretofore granted without the Participant's consent, (ii) which
would cause Section 409A to apply to the Plan, unless the benefit affected thereby is subject to Section 409A or is
intended to be subject to Section 409A or (iii) which, without the approval of the Company's stockholders, would:

         	(a) the except as expressly provided in this Plan, increase the total number of shares of Stock
reserved for the purpose of the Plan as provided in Section 5 of the Plan;

         (b) change the exercise price of any Option or SAR granted hereunder, other than in connection
with a change in the Company's capitalization as described in Section 5.4 of the Plan;

         (c) change the Participants eligible to participate in the Plan;

         (d) extend the maximum option period under Section 7.4 of the Plan; 

         (e) extend the duration of the Plan; or

         (f) otherwise amend the Plan in any manner requiring stockholder approval by law or regulation or
under the listing requirements of the Nasdaq Stock Market or any other exchange on which the Stock is then listed.

         14.2         Effect on Awards. The Committee may amend the terms of any Award theretofore granted,
prospectively or retroactively, but, subject to Section 14.1 above, no such amendment shall impair the rights of any
holder without the holder's consent. 

         14.3         Broad Authority. Subject to the above provisions, the Committee shall have broad authority to
amend the Plan to take into account changes in applicable securities and tax laws and accounting rules, as well as
other developments.

Section 15

Tax Withholding

         15.1         Tax Withholding. The Company shall have the power to withhold, or require a Participant to
remit to the Company, an amount sufficient to satisfy federal, state, and local withholding tax requirements on any
Award under the Plan.  In addition, the Company may reasonably delay the issuance or delivery of shares pursuant
to an Award as it determines appropriate to address tax withholding and other administrative matters.

         15.2         Payment of Withholding Obligation. To the extent permissible under applicable tax, securities,
and other laws, the Company may, in its sole discretion, permit the Participant to satisfy a tax withholding
requirement by (i) using already owned shares; (ii) through a cashless transaction; or (iii) directing the Company to
apply shares of stock to which the Participant is entitled as a result of the exercise of an option or the lapse of a
Period of Restriction (including, for this purpose, the filing of an election under Section 83(b) of the  Code), to
satisfy such requirement.

         15.3         Disposition of Shares. In the event that a Participant shall dispose (whether by sale, exchange,
gift, the use of a qualified domestic relations order as defined by the Code or Title I of ERISA, or the rules
thereunder, or any like transfer) of any shares of Stock (to the extent such shares are deemed to be purchased
pursuant to an Incentive Stock Option) acquired by such Participant within two years of the date of grant of the

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related Option or within one year after the acquisition of such shares, the Participant will notify the secretary of the
Company no later than 15 days from the date of such disposition of the date or dates and the number of shares
disposed of by the Participant and the consideration received, if any, and, upon notification from the Company,
promptly forward to the secretary of the Company any amount requested by the Company for the purpose of
satisfying its liability, if any, to withhold federal, state or local income or earnings tax or any other applicable tax or
assessment (plus interest or penalties thereon, if any, caused by delay in making such payment) incurred by reason
of such disposition.

Section 16

Indemnification

         Each person who is or shall have been a member of the Committee or of the Board shall be indemnified
and held harmless by the Company against and from any loss, cost, liability, or expense that may be imposed upon
or reasonably incurred by him or her in connection with or resulting from any claim, action, suit, or proceeding to
which he or she may be a party or in which he or she may be involved by reason of any action taken or failure to act
under the Plan and against and from any and all amounts paid by him or her in settlement thereof, with the
Company's approval, or paid by him or her in satisfaction of any judgment in any such action, suit, or proceeding
against him or her, provided he or she shall give the Company an opportunity, at its own expense, to handle and
defend the same before he or she undertakes to handle and defend it on his or her own behalf. The foregoing right
of indemnification shall not be exclusive of any other rights of indemnification to which such persons may be
entitled under the Company's Certificate of Incorporation or Bylaws, as a matter of law, or otherwise, or any power
that the Company may have to indemnify them or hold them harmless.

Section 17

Requirements of Law

         17.1         Compliance with Laws; Listing and Registration of Shares. All Awards granted under the
Plan (and all issuances of Stock or other securities under the Plan) shall be subject to all applicable laws, rules and
regulations, and to the requirement that if at any time the Committee shall determine that the listing, registration or
qualification of the Stock covered thereby upon any securities exchange or under any state or federal law, or the
consent or approval of any governmental regulatory body, is necessary or desirable as a condition of, or in
connection with, the grant of such Award or the issue or purchase of Stock thereunder, such Award may not be
exercised in whole or in part, or the restrictions on such Award shall not lapse, unless and until such listing,
registration, qualification, consent or approval shall have been effected or obtained free of any conditions not
acceptable to the Committee.

         17.2          Conditions and Restrictions Upon Securities Subject to Awards. The Committee may provide
that the shares of Stock issued upon exercise of an Option or Stock Appreciation Right or otherwise subject to or
issued under an Award shall be subject to such further agreements, restrictions, conditions or limitations as the
Committee in its discretion may specify prior to the exercise of such Option or Stock Appreciation Right or the
grant, vesting or settlement of an Award, including without limitation, conditions on vesting or transferability,
forfeiture or repurchase provisions and method of payment for the Stock issued upon exercise, vesting or settlement
of such Award (including the actual or constructive surrender of Shares already owned by the Participant) or
payment of taxes arising in connection with an Award. Without limiting the foregoing, such restrictions may address
the timing and manner of any resales by the Participant or other subsequent transfers by the Participant of any Stock
issued under an Award, including without limitation (a) restrictions under an insider trading policy or pursuant to
applicable law, (b) restrictions designed to delay and/or coordinate the timing and manner of sales by Participant
and holders of other Company equity compensation arrangements, and (c) restrictions as to the use of a specified
brokerage firm for such resales or other transfers. 

         17.3         Governing Law. The Plan, and all agreements hereunder, shall be construed in accordance with
and governed by the laws of the State of Delaware.

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Section 18

Funding

         Except in the case of Awards of Restricted Stock, the Plan shall be unfunded.  The Company shall not be
required to segregate any of its assets to assure the payment of any Award under the Plan. Neither the Participant
nor any other persons shall have any interest in any fund or in any specific asset or assets of the Company or any
other entity by reason of any Award, except to the extent expressly provided hereunder. The interests of each
Participant and former Participant hereunder are unsecured and shall be subject to the general creditors of the
Company.

Section 19

No Liability of Company

         	The Company and any Affiliate which is in existence or hereafter comes into existence shall not be liable
to a Participant, Beneficiary or any other person as to: (a) the non-issuance or sale of Stock as to which the
Company has been unable to obtain, from any regulatory body having jurisdiction over the matter, the authority
deemed by the Company's counsel to be necessary to the lawful issuance and sale of any Stock hereunder; (b) any
tax consequence to any Participant, Beneficiary or other person due to the receipt, exercise or settlement of any
Award granted hereunder; or (c) any provision of law or legal restriction that prohibits or restricts the transfer of
Stock issued pursuant to any Award.

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