Document:

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                                                                  EXHIBIT - 10.4

                              UNITED SYSTEMS, INC.

                       EXECUTIVE APPRECIATION RIGHTS PLAN

                          EFFECTIVE DECEMBER 31, 2000

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             UNITED SYSTEMS, INC. EXECUTIVE APPRECIATION RIGHTS PLAN

                                  INTRODUCTION

The United Systems, Inc. Executive Appreciation Rights Plan (the "Plan")
provides for the distribution to certain executive employees of United Systems,
Inc. (the "Company") of a portion of the appreciation in the value of the
Company that may be realized in the event of a sale of the Company. The purposes
of the Plan are (1) to further the long-term growth of the Company by providing
incentives and rewards to the executive employees of the Company and (2) to
encourage the executive employees to continue employment with the Company and
(3) maximize the value of the Company. To accomplish these objectives, the Board
of Directors of United Systems, Inc. has adopted the Plan to authorize
Appreciation Bonus Payments as described herein.

                             SECTION 1: DEFINITIONS

1.01    Definitions

Except where otherwise indicated, the following terms shall have the definitions
set forth below for purposes of the Plan:

        (a)     "Appreciation Bonus Payment Amount" means, with respect to any
                Participant, the Proceeds Available for Appreciation Bonus
                multiplied by the Participant's Participation Rate for the Plan
                Year in which a Company Sale occurs.

        (b)     "Appreciation Right" means a right to receive, upon the
                occurrence of a Company Sale, an Appreciation Bonus Amount
                pursuant to the terms of the Plan and the Participant's
                Employment Agreement.

        (c)     "Board" means the Board of Directors of United Systems, Inc.

        (d)     "Chesapeake" means Chesapeake Utilities Corporation, a Delaware
                corporation.

        (e)     "Committee" means the committee appointed by the Board to
                administer the Plan.

        (f)     "Company" means United Systems, Inc., a Georgia corporation.

        (g)     "Company Sale" means the closing of a transaction (or series of
                related transactions) that results in either (i) the disposition
                by Chesapeake and all Related Companies (other than to an
                employee benefit plan maintained by Chesapeake, a Related
                Company, or the Company) of all or substantially all of the
                stock of the Company through a sale, merger or other business
                combination transaction or (ii) the disposition by the

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                Company (other than to Chesapeake and any one or more Related
                Companies) of all or substantially all of the consolidated
                assets of the Company. For the purposes of this Plan, a Sale
                does not include the exchange of USI stock to obtain controlling
                interest in another Company.

        (h)     "Effective Date" means December 31, 2000.

        (i)     "Employment Agreement" means a written employment agreement
                entered into between the Company and a Participant.

        (j)     "Net Sale Proceeds" means the Sale Proceeds minus (i) all
                transaction costs (including investment banking fees and
                commissions, if any, and legal and accounting fees and expenses)
                incurred by Chesapeake, any Related Company and the Company in
                connection with the Company, (ii) the fair value of all
                liabilities retained by Chesapeake or any Related Company and,
                in the case of an asset sale, by the Company, (iii) all sales or
                other taxes (excluding income taxes) incurred in connection with
                the Company Sale by Chesapeake any Related Company and, in the
                case of an asset sale, by the Company, and (iv) "Chesapeake
                Investment" (total capital plus intercompany accounts payable,
                less intercompany accounts receivable recorded on the financial
                statements of the Company) made by Chesapeake or a Related
                Company to the Company after the Effective Date and prior to the
                Company Sale; provided, however, that Net Sale Proceeds shall
                not be reduced below zero.

        (k)     "Participant" means any executive officer or other key employee
                of the Company who has been selected by the Committee to
                participate in the Plan under Section 3.01 of the Plan.

        (l)     "Participation Rate" means a factor that, in the event of a
                Company Sale, represents a percentage of the total amount of the
                Proceeds Available for Appreciation Bonus that would be
                allocated to a Participant.

        (m)     "Plan" means the United Systems, Inc. Executive Appreciation
                Rights Plan, as set forth herein and as it may be subsequently
                amended from time to time.

        (n)     "Plan Year" means the calendar year.

        (o)     "Proceeds Available for Appreciation Bonus" means the amount, if
                any, by which the Net Sale Proceeds exceeds the sum of (i) the
                Threshold Value and (ii) the product of (A) the Appreciation
                Value Per Unit (as defined in the United Systems, Inc. Employee
                Appreciation Rights Plan) and (B) the number of Units
                outstanding under that Plan, as determined on the date of a
                Company Sale; provided, however, that if Chesapeake, a Related
                Company, or the Company, subsequent to a Company Sale, is
                required to reimburse any of the Sale Proceeds to the purchaser
                or, pursuant to the terms of any agreement relating to the
                Company Sale, is required to make

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                any indemnification or similar payments to the purchaser or to
                any third party (a "Sale Proceeds Adjustment Event"), the
                Proceeds Available for Appreciation Bonus shall be recalculated
                after subtracting the amount of such payments or reimbursements
                from the Sale Proceeds.

        (p)     "Related Company" means a corporation, partnership, joint
                venture, or other entity in which Chesapeake has a direct or
                indirect ownership or other proprietary interest of at least
                fifty percent (50%), but does not include the Company.

        (q)     "Sale Proceeds" means the fair market value of the consideration
                received from the purchaser by Chesapeake and all Related
                Companies (or, in the case of an asset sale, by the Company) in
                a transaction that constitutes a Company Sale. For the purposes
                of this plan, the fair market value of any cash considerations
                shall equal the cash consideration itself and the fair market
                value of any publicly traded equities presented as consideration
                shall equal the market value of such equities at the close of
                the last trading day prior to the transaction. Ongoing
                reasonable and customary compensation and option plan
                arrangements between the participants and an acquiring entity
                shall not be included as part of the Sale Proceeds.

        (r)     "Threshold Value" means $5,333,000.

                            SECTION 2: ADMINISTRATION

2.01    The Committee

The Plan shall be administered by a Committee appointed by the Board. The
Committee shall administer the Plan in accordance with the terms of the Plan and
the requirements of any applicable law.

2.02    Additional Powers of the Committee

In addition to any implied powers and duties that may be needed to carry out the
provisions of the Plan, the Committee shall have the following specific powers
and duties:

        (a)     To make and enforce any rules and regulations it shall deem
                necessary and proper for the efficient administration of the
                Plan;

        (b)     To designate one or more officers of the Company to execute on
                behalf of the Company all agreements and other documents
                approved by the Committee under the Plan;

        (c)     To appoint other persons to carry out any ministerial
                responsibilities under the Plan as the Committee may determine;
                and

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        (d)     To engage one or more persons to render advice with respect to
                any of the Committee's responsibilities under the Plan.

                            SECTION 3: PARTICIPATION

3.01    Participation

Participation in the plan is limited to executives, officers and key employees
of the Company,who have entered into a Senior Executive Employment and
Non-Competition Agreement with the Company.

3.02    Plan Years of Participation

The Committee upon the recommendation of the Chairman or President of the
Company shall (subject to the Contemporaneous Senior Executive Employment and
Non-Competition Agreement) designate the Plan Years for which each employee
selected as a Participant shall be a Participant, but any such designation with
respect to a Plan Year (other than pursuant to the Contemporaneous Senior
Executive Employment and Non-Competition Agreement with respect to the 2001 Plan
Year) shall be made prior to the beginning of that Plan Year.

3.03    Participation Rates

The Participation rate of an executive officer or other key employees as stated
in their Senior Executive Employment and Non-Competition Agreement.

                         SECTION 4: APPRECIATION RIGHTS

4.01    Appreciation Bonus Payment Amount

In the event of a Company sale, a Participant who is employed on the closing
date shall be entitled to receive the Appreciation Bonus.

4.02    Timing of Payment

The payments to which the Participant is entitled in the event of a Company Sale
shall be paid as proceeds from the sale are received by Chesapeake.

4.03    Effect of Sale Proceeds Adjustment Event

If a Sale Proceeds Adjustment Event occurs, the Appreciation Bonus Payment
Amount to which each Participant is entitled shall be reduced to reflect the
recomputed Proceeds Available for Appreciation Bonus. If the aggregate amount of
all prior

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payments made to the Participant pursuant to this Plan exceeds the Participant's
Appreciation Bonus Payment Amount as so reduced, the Participant shall reimburse
Chesapeake or the Company, as determined by Chesapeake in its sole discretion,
an amount equal to the excess. Plan participants will have the opportunity to
participate in the negotiation of Sales Proceeds Adjustments and all substantive
data relevant to an Adjustment will be made available to all participants.

4.04    Form of Payment

Payments made pursuant to this Section 4 shall be made in cash; provided,
however, that, as determined by Chesapeake in its sole discretion, payment may
be made in any other form of consideration Chesapeake, a Related Company, or the
Company receives in the transaction that constitutes a Company Sale. The
apportionment of non-cash remuneration between the participants and Chesapeake,
a Related Company, or the Company must be done on an equitable and pro rata
basis.

4.05    Forfeiture and Expiration of Appreciation Rights

        (a)     Termination of Employment. If the employment of a Participant by
                the Company terminates for cause or via resignation prior to a
                Company Sale, the Participant shall immediately forfeit all
                Appreciation Rights.

        (b)     Expiration Date. The Plan shall terminate and all Appreciation
                Rights shall be forfeited if a Company Sale does not occur on or
                before December 31, 2005.

4.06    Non-Assignability of Appreciation Rights

Appreciation Rights are not assignable or transferable, except if the
Participant dies after a Company Sale, payments may be made to the Participant's
estate.

4.07    Release

A Participant shall not be entitled to any payments under the Plan unless, prior
to any payment made under the Plan, the Participant executes a release
satisfactory to Chesapeake releasing Chesapeake, all Related Companies and the
Company, their respective affiliates, shareholders, directors, officers,
employees, representatives, and agents, and their respective successors and
assigns, from any and all employment-related claims that the Participant or the
Participant's successors and beneficiaries might have against any of them
(excluding any claims the Participant might have under the Plan, or any employee
benefit plan that is subject to the vesting standards imposed by the Employee
Retirement Income Security Act of 1974, as amended). The release shall be as
exhibit A hereto.

                      SECTION 5: APPRECIATION BONUS PAYMENT

5.01    Payments Solely from General Assets

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Payments under the Plan shall be made solely from the general assets of
Chesapeake or the Company. Nothing herein shall be construed to require
Chesapeake, any Related Company or the Company to maintain any fund or to
segregate any amount for the benefit of any Participant, and no Participant or
other person shall have any right against, right to, or security or other
interest in, any fund, account, or asset of Chesapeake or the Company from which
the payment pursuant to the Plan may be made.

5.02    Plan Expenses

All expenses of administering the Plan shall be paid by Chesapeake or the
Company.

                      SECTION 6: AMENDMENT AND TERMINATION

6.01    Amendment or Termination of Plan

The Board may, from time to time, alter, amend, suspend or terminate the Plan as
it shall deem advisable, but in no event shall it alter, amend, suspend or
terminate the Plan in a manner that constitutes a breach of any Participant's
employment Agreement.

6.02    Other Plans

Any payments made to the Participant pursuant to the Plan shall not be taken
into account as compensation in the determination of the Participant's benefits
under any pension, savings, group insurance, or other benefit plan maintained by
Chesapeake, the Company, or a Related Company, except as otherwise determined by
Chesapeake or, in the case of a plan not maintained by Chesapeake, the Company
or the Related Company that maintains the plan. This Plan shall not entitle the
Participant to any benefits under any other plans maintained by Chesapeake, the
Company or a Related Company. Nothing herein shall preclude the Company from
authorizing or approving other plans or forms of incentive compensation.

                            SECTION 7: MISCELLANEOUS

7.01    No Right to Employment

Participation in the Plan shall not give any employee of the Company any right
to continued employment by the Company.

7.02    Taxes

Chesapeake or the Company may make appropriate arrangements to deduct from any
amounts payable under the Plan to any Participant any taxes that Chesapeake or
the Company reasonably believes are required to be withheld by any government or
government agency. The Participant shall be responsible for the payment of all
taxes on

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amounts paid under the Plan to the extent that no taxes are withheld,
irrespective of whether withholding is required.

7.03    Headings

Any headings in this instrument are for convenience of reference only and are to
be disregarded in the construction of any provision thereof.

7.04    Severability

If any provision of the Plan shall be held illegal or invalid for any reason,
the illegality or invalidity shall not affect the remaining parts of the Plan,
and the Plan shall be construed and enforced as if the illegal or invalid
provision had never been inserted herein.

7.05    Governing Law

The Plan shall be construed, administered, and regulated in accordance with the
laws of the State of Georgia (determined without regard to its choice of law
rules) and any applicable requirements of federal law.

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                                                                  EXHIBIT - 10.5

                              UNITED SYSTEMS, INC.

                        EMPLOYEE APPRECIATION RIGHTS PLAN

                           EFFECTIVE DECEMBER 31, 2000

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                  UNITED SYSTEMS, INC. APPRECIATION RIGHTS PLAN

                                  INTRODUCTION

The United Systems, Inc. Employee Appreciation Rights Plan (the "Plan") provides
for the distribution to employees of United Systems, Inc. (the "Company") of a
portion of the appreciation in the value of the Company that may be realized in
the event of a sale of the Company. The purposes of the Plan are (1) to further
the long-term growth of the Company by providing incentives and rewards to
employees of the Company, (2) to encourage employees to continue employment with
the Company and (3) maximize the value of the Company. To accomplish these
objectives, the Board of Directors of United Systems, Inc. has adopted the Plan
to authorize grants of Appreciation Rights Units as described herein.

                             SECTION 1: DEFINITIONS

1.01    Definitions

Except where otherwise indicated, the following terms shall have the definitions
set forth below for purposes of the Plan:

        a.      "Appreciation Rights Agreement" means a written agreement
                entered into between the Company and a Participant, setting
                forth the terms and conditions applicable to Appreciation Rights
                Units granted to the Participant.

        b.      "Appreciation Rights Unit" means a right to receive, upon the
                occurrence of a Company Sale, and subject to the terms and
                conditions of the Plan and the Participant's Appreciation Rights
                Agreement, a portion of the Net Sale Proceeds.

        c.      "Gross Appreciated Value" means the Net Sales Price times
                twenty-five percent (25%).

        d.      "Appreciated Value per Unit" means the Gross Appreciated Value
                divided by the maximum number of Units issuable in accordance
                with this plan.

        e.      "Appreciation Value per Unit" means the Appreciated Value per
                Unit less the Fair Value per Unit.

        f.      "Board" means the Board of Directors of United Systems, Inc.

        g.      "Chesapeake" means Chesapeake Utilities Corporation, a Delaware
                corporation.

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        h.      "Unit" means an Appreciation Rights Unit issued pursuant to
                Section 4.01 of the Plan.

        i.      "Company Sale" means the closing of a transaction (or series of
                related transactions) in which (i) the disposition by Chesapeake
                and all Related Companies (other than to an employee benefit
                plan maintained by the Company, a Related Company, or the
                Company) of all or substantially all of the stock of the Company
                through a sale, merger or other business combination transaction
                or (ii) the disposition by the Company (other than to Chesapeake
                and any one or more Related Companies) of all or substantially
                all of the consolidated assets of the Company. For the purposes
                of this Plan, a Sale does not include the exchange of USI stock
                to obtain controlling interest in another Company.

        j.      "Committee" means the committee appointed by the Board to
                administer the Plan.

        k.      "Company" means United Systems, Inc., a Georgia corporation;

        l.      "Effective Date" means December 31, 2000

        m.      "Net Sale Proceeds" means the Sale Proceeds minus (i) all
                transaction costs (including investment banking fees and
                commissions, if any, and legal and accounting fees and expenses)
                incurred by Chesapeake, any Related Company and the Company in
                connection with the Company Sale, (ii) the fair value, as
                determined in the sole discretion of the Committee, of all
                liabilities retained by Chesapeake or any Related Company and,
                in the case of an asset sale, by the Company, (iii) all sales or
                other taxes (excluding income) incurred in connection with the
                Company Sale by Chesapeake or any Related Company and, in the
                case of an asset sale, by the Company, and (iv) all capital
                contributions made by Chesapeake or a Related Company to the
                Company after the Effective Date and prior to the Company Sale
                provided, however, that Net Sales Proceeds shall not be reduced
                below zero.

        n.      "Participant" means any employee of the Company who has been
                selected by the Committee to participate in the Plan under
                Section 3.01 of the Plan.

        o.      "Plan" means the United Systems, Inc. Appreciation Rights Plan,
                as set forth herein and as it may be subsequently amended from
                time to time.

        p.      "Related Company" means a corporation, partnership, joint
                venture, or other entity in which Chesapeake has a direct or
                indirect ownership or other proprietary interest of at least
                fifty percent (50%), but does not include the Company.

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        q.      "Sale Proceeds" means the fair market value of the consideration
                received from the purchaser by Chesapeake and all Related
                Companies (or, in the case of an asset sale, by the Company) in
                a transaction that constitutes a Company Sale. For the purposes
                of this plan, the fair market value of any cash considerations
                shall equal the cash consideration itself and the fair market
                value of any publicly traded equities presented as consideration
                shall equal the market value of such equities at the close of
                the last trading day prior to the transaction. Ongoing
                reasonable and customary compensation and option plan
                arrangements between the participants and an acquiring entity
                shall not be included as part of the Sale Proceeds.

        r.      "Fair Value Amount" means the amount determined by the Board
                under the advice of an independent third party to be the fair
                value of the Unit. The Committee shall select the independent
                party to determine the Fair Value amount on each Calendar year
                for the Units issued during that Calendar year.

                            SECTION 2: ADMINISTRATION

2.01    The Committee

The Plan shall be administered by a Committee appointed by the Board. The
Committee shall periodically determine, in its sole discretion, but subject to
the limitations set forth in Section 4 of the Plan, (i) the individuals who
shall participate in the Plan, (ii) the number of Units to be granted under the
Plan, and (iii) the individuals to whom the Units shall be granted. The
Committee shall administer the Plan in accordance with the terms of the Plan and
the requirements of any applicable law. All questions of interpretation and
administration with respect to the Plan shall be determined by the Committee in
its sole and absolute discretion. All determinations by the Committee shall be
final and conclusive with respect to all parties concerned.

2.02    Additional Powers of the Committee

In addition to any implied powers and duties that may be needed to carry out the
provisions of the Plan, the Committee shall have the following specific powers
and duties:

        (a)     To make and enforce any rules and regulations it shall deem
                necessary and proper for the efficient administration of the
                Plan;

        (b)     To designate one or more officers of the Company to execute on
                behalf of the Company all agreements and other documents
                approved by the Committee under the Plan;

        (c)     To appoint other persons to carry out any ministerial
                responsibilities under the Plan as the Committee may determine;
                and

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        (d)     To engage one or more persons to render advice with respect to
                any of the Committee's responsibilities under the Plan.

                            SECTION 3: PARTICIPATION

3.01    Participation

Participants in the Plan shall be selected by the Committee upon the
recommendation by the Chairman or President of the Company among employees of
the Company (including officers or employees who are members of the Board, but
excluding directors who are not officers or employees of the Company). No
officer or employee of the Company shall have any right to be selected as a
Participant.

                      SECTION 4: APPRECIATION RIGHTS UNITS

4.01    Units

        (a)     Number of Units. A total of 1,000,000 Units are available for
                issuance under the Plan. Prior to a Company Sale, any Units that
                are forfeited by a Participant may be regranted to any other
                Participant, provided that in no event shall the total number of
                outstanding Units granted to all Participants exceed 1,000,000.

        (b)     Unit Payment Amount. Subject to the terms and conditions set
                forth in this Section 4 and in a Participant's Appreciation
                Rights Agreement, each Unit shall entitle its holder to receive,
                in the event of a Company Sale, a payment equal to the
                Appreciation Value per Unit times the number of units held by
                the Participant on the date of the Company Sale.

        (c)     Timing of Payments. The payment to which a holder of the Units
                is entitled in the event of a Company Sale shall be made as
                follows:

                (i)     Fifty percent (50%) of the aggregate amount to which a
                        holder of the Units is entitled shall be paid within
                        thirty (30) days after the Company Sale; and

                (ii)    The remaining fifty percent (50%) of the aggregate
                        amount to which a holder of the Units is entitled (the
                        "Unit Deferred Payment") shall be paid as follows:

                        (A)     If the Participant is not offered within twenty
                                (20) days after the Company Sale a position with
                                the Company or its successor or with the
                                purchaser of the Company's assets that is
                                comparable to the Participant's position with
                                the Company immediately prior to the Company
                                Sale as determined by Chesapeake in its sole
                                discretion (a

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                                "Comparable Position Offer"), payment shall be
                                made within thirty (30) days after the Company
                                Sale;

                        (B)     If paragraph (A), above, does not apply and
                                within one year following the Company Sale, (x)
                                the Participant's employment is involuntarily
                                terminated (other than for cause) by the Company
                                or its successor or by the purchaser of the
                                Company's assets or (y) the employment of the
                                Participant terminates on account of disability
                                or death, payment shall be made within thirty
                                (30) days following such termination of
                                employment; and

                        (C)     If, within thirty (30) days after the Company
                                Sale, the Participant accepts an offer of
                                employment from the Company or its successor or
                                from the purchaser of the Company's assets and
                                such employment continues for a period of one
                                year after the Company Sale, payment shall be
                                made within thirty (30) days following the last
                                day of the one-year period.

                (d)     Forfeiture of the Unit Deferred Payment. If (i) a
                        Participant declines a Comparable Position Offer, (ii)
                        the Participant's employment with the Company or its
                        successor or with the purchaser of the Company's assets
                        is terminated for cause within the first year following
                        the Company Sale, or (iii) the Participant voluntarily
                        terminates his or her employment with the Company or its
                        successor or with the purchaser of the Company's assets
                        within the first year following the Company Sale, the
                        Participant's contingent right to the Unit Deferred
                        Payment shall be forfeited.

4.02    Forfeiture of Appreciation Rights Units

Participant's forfeit any and all Appreciation Rights Units upon termination of
employment with the Company or upon termination of the Plan in accordance with
Section 7.01.

4.03    Non-Assignability of Units.

Appreciation Rights Units are not assignable or transferable, except if the
Participant dies after a Company Sale, payments may be made to the Participant's
estate.

4.04    Release

A Participant shall not be entitled to any payments under the Plan unless, prior
to any payment made under the Plan, the Participant executes a release
satisfactory to Chesapeake releasing Chesapeake, the Related Companies and the
Company, their respective affiliates, shareholders, directors, officers,
employees, representatives, and agents, and their respective successors and
assigns, from any and all employment-related claims the Participant or the
Participant's successors and beneficiaries might

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have against them (excluding any claims the Participant might have under the
Plan, or any employee benefit plan that is subject to the vesting standards
imposed by the Employee Retirement Income Security Act of 1974, as amended).

                    SECTION 5: APPRECIATION RIGHTS AGREEMENTS

5.01    Appreciation Rights Agreements

Each Unit granted under the Plan shall be evidenced by an Appreciation Rights
Agreement setting forth the terms and conditions applicable to the Appreciation
Rights Unit as the Committee deems appropriate.

                       SECTION 6: PAYMENT FOR APPRECIATION RIGHTS UNITS

6.01    Payments Solely from General Assets

Payments under the Plan shall be made solely from the general assets of
Chesapeake or the Company. Nothing herein shall be construed to require
Chesapeake or the Company to maintain any fund or to segregate any amount for
the benefit of any Participant, and no Participant or other person shall have
any right against, right to, or security or other interest in, any fund,
account, or asset of Chesapeake or the Company from which the payment pursuant
to the Plan may be made.

6.02    Plan Expenses

All expenses of administering the Plan shall be paid by Chesapeake or the
Company.

                      SECTION 7: AMENDMENT AND TERMINATION

7.01    Amendment or Termination of Plan

The Board may, from time to time, alter, amend, suspend or terminate the Plan as
it shall deem advisable in its sole discretion. The Plan shall terminate the
earlier of the payment of the last amount due herein or on December 31, 2005.

7.02    Other Plans

Any payments made to the Participant pursuant to the Plan shall not be taken
into account as compensation in the determination of the Participant's benefits
under any pension, savings, group insurance, or other benefit plan maintained by
Chesapeake, the Company, or a Related Company, except as otherwise determined by
Chesapeake or, in the case of a plan not maintained by Chesapeake, the Company
or Related Company that maintains the plan. This Plan shall not entitle the
Participant to any benefits under any other plans maintained by Chesapeake, the
Company, or a Related Company.

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Nothing herein shall preclude the Company from authorizing or approving other
plans or forms of incentive compensation.

                            SECTION 8: MISCELLANEOUS

8.01    No Right to Employment

Participation in the Plan shall not give any employee of the Company any right
to continued employment by the Company.

8.02    Taxes

Chesapeake or the Company may make appropriate arrangements to deduct from any
amounts payable under the Plan to any Participant any taxes that Chesapeake or
the Company reasonably believes are required to be withheld by any government or
government agency. The Participant shall be responsible for the payment of all
taxes on amounts paid under the Plan to the extent that no taxes are withheld,
irrespective of whether withholding is required.

8.03    Headings

Any headings in this instrument are for convenience of reference only and are to
be disregarded in the construction of any provision thereof.

8.04    Severability

If any provision of the Plan shall be held illegal or invalid for any reason,
the illegality or invalidity shall not affect the remaining parts of the Plan,
and the Plan shall be construed and enforced as if the illegal or invalid
provision had never been inserted herein.

8.05    Governing Law

The Plan shall be construed, administered, and regulated in accordance with the
laws of the State of Georgia (determined without regard to its choice of law
rules) and any applicable requirements of federal law.

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