Document:

Form of Company Order

    
      
        

      

      Exhibit
        4(g)

      

      ____________
        __, ____

      

      Company
        Order and Officers' Certificate

      [Senior
        Notes], Series _

      

      

      Bankers
        Trust Company, as Trustee

      Four
        Albany Street

      New
        York,
        New York 10015

      

      Attn:
        Corporate Trust Division

      

      Ladies
        and Gentlemen:

      

      Pursuant
        to Article Two of the Indenture, dated as of September 1, 1997 (as it may
        be
        amended or supplemented, the "Indenture"), from Ohio Power Company (the
        "Company") to Bankers Trust Company, as trustee (the "Trustee"), and the
        Board
        Resolutions dated __________, ____, a copy of which certified by the Secretary
        or an Assistant Secretary of the Company is being delivered herewith under
        Section 2.01 of the Indenture, and unless otherwise provided in a subsequent
        Company Order pursuant to Section 2.04 of the Indenture,

      

      

        
          	
                  1.

                	
                  The
                    Company's [Senior Notes], Series _ (the "Notes") are hereby established.
                    The Notes shall be in substantially the form attached hereto
                    as Exhibit
                    1.

                
	 	 	 
	
                  2.

                	
                  The
                    terms and characteristics of the Notes shall be as follows (the
                    numbered
                    clauses set forth below corresponding to the numbered subsections
                    of
                    Section 2.01 of the Indenture, with terms used and not defined
                    herein
                    having the meanings specified in the Indenture):

                
	 	 	 
	 	
                  (i)

                	
                  the
                    aggregate principal amount of Notes which may be authenticated
                    and
                    delivered under the Indenture shall be limited to $____________,
                    except as
                    contemplated in Section 2.01(i) of the Indenture;

                
	 	 	 
	 	
                  (ii)

                	
                  the
                    date on which the principal of the Notes shall be payable shall
                    be
                    __________ __, ____;

                
	 	 	 
	 	
                  (iii)

                	
                  interest
                    shall accrue from the date of authentication of the Notes; the
                    Interest
                    Payment Dates on which such interest will be payable shall be
                    March 31,
                    June 30, September 30 and December 31, and the Regular Record
                    Date for the
                    determination of holders to whom interest is payable on any such
                    Interest
                    Payment Date shall be one Business Day prior to the relevant
                    Interest
                    Payment Date, except that if the Notes are no longer represented
                    by a
                    Global Note, the Regular Record Date shall be the close of business
                    on
                    March 15, June 15, September 15 or December 15, as the case may
                    be, next
                    preceding such Interest Payment Date; pro-vided that interest
                    payable on
                    the Stated Maturity Date or any Redemption Date shall be paid
                    to the
                    Person to whom principal shall be paid;

                
	 	 	 
	 	
                  (iv)

                	
                  the
                    interest rate at which the Notes shall bear interest shall be
                    ______%;

                
	 	 	 
	 	
                  (v)

                	
                  the
                    Notes shall be redeemable at the option of the Company, in whole
                    or in
                    part, at any time on or after __________ __, ____, upon not less
                    than 30
                    nor more than 60 days' notice, at 100% of the principal amount
                    redeemed
                    together with accrued and unpaid interest to the redemption
                    date;

                
	 	 	 
	 	
                  (vi)

                	
                  a)
                    the Notes shall be issued in the form of a Global Note; (b) the
                    Depositary
                    for such Global Note shall be The Depository Trust Company; and
                    (c) the
                    procedures with respect to transfer and exchange of Global Notes
                    shall be
                    as set forth in the form of Note attached hereto;

                
	 	 	 
	 	
                  (vii)

                	
                  the
                    title of the Notes shall be "[Senior Notes], Series _";

                
	 	 	 
	 	
                  (viii)

                	
                  the
                    form of the Notes shall be as set forth in Paragraph 1,
                    above;

                
	 	 	 
	 	
                  (ix)

                	
                  not
                    applicable;

                
	 	 	 
	 	
                  (x)

                	
                  the
                    Notes shall not be subject to a Periodic Offering;

                
	 	 	 
	 	
                  (xi)

                	
                  not
                    applicable;

                
	 	 	 
	 	
                  (xii)

                	
                  not
                    applicable;

                
	 	 	 
	 	
                  (xiii)

                	
                  not
                    applicable;

                
	 	 	 
	 	
                  (xiv)

                	
                  the
                    Notes shall be issuable in denominations of $25 and any integral
                    multiple
                    thereof;

                
	 	 	 
	 	
                  (xv)

                	
                  not
                    applicable;

                
	 	 	 
	 	
                  (xvi)

                	
                  the
                    Notes shall not be issued as Discount Securities;

                
	 	 	 
	 	
                  (xvii)

                	
                  not
                    applicable;

                
	 	 	 
	 	
                  (xviii)

                	
                  not
                    applicable;

                
	 	 	 
	 	
                  (xix)

                	
                  not
                    applicable;

                
	 	 	 
	
                  3.

                	
                  You
                    are hereby requested to authenticate $____________ aggregate
                    principal
                    amount of ______% [Senior Notes], Series ___, due __________
                    __, ____ in
                    such name as requested by The Depository Trust Company ("DTC")
                    in the
                    Letter of Representations dated __________ __, ____, from the
                    Company and
                    the Trustee to DTC in the manner provided by the
                    Indenture.

                
	 	 	 
	
                  4.

                	
                  You
                    are hereby requested to hold the Notes as custodian for DTC in
                    accordance
                    with the Letter of Representations.

                
	 	 	 
	
                  5.

                	
                  Concurrently
                    with this Company Order, an Opinion of Counsel under Sections
                    2.04 and
                    13.06 of the Indenture is being delivered to you.

                
	 	 	 
	
                  6.

                	
                  The
                    undersigned _______________ and __________ __________, the Treasurer
                    and
                    Assistant Secretary, respectively, of the Company do hereby certify
                    that:

                
	 	 	 
	 	
                  (i)

                	
                  we
                    have read the relevant portions of the Indenture, including without
                    limitation the conditions precedent provided for therein relating
                    to the
                    action proposed to be taken by the Trustee as requested in this
                    Company
                    Order and Officers' Certificate, and the definitions in the Indenture
                    relating thereto;

                
	 	 	 
	 	
                  (ii)

                	
                  we
                    have read the Board Resolutions of the Company and the Opinion
                    of Counsel
                    referred to above;

                
	 	 	 
	 	
                  (iii)

                	
                  we
                    have conferred with other officers of the Company, have examined
                    such
                    records of the Company and have made such other investigation
                    as we deemed
                    relevant for purposes of this certificate;

                
	 	 	 
	 	
                  (iv)

                	
                  in
                    our opinion, we have made such examination or investigation as
                    is
                    necessary to enable us to express an informed opinion as to whether
                    or not
                    such conditions have been complied with; and

                
	 	 	 
	 	
                  (v)

                	
                  on
                    the basis of the foregoing, we are of the opinion that all conditions
                    precedent provided for in the Indenture relating to the action
                    proposed to
                    be taken by the Trustee as requested herein have been complied
                    with.

                
	 	 	 

        

      

       

       

      

      Kindly
        acknowledge receipt of this Company Order and Officers' Certificate, including
        the documents listed herein, and confirm the arrangements set forth herein
        by
        signing and returning the copy of this document attached hereto.

      

      Very
        truly yours,

      

      

      OHIO
        POWER COMPANY

      

      

      By:___________________________

      Treasurer

      

      

      And:__________________________

      Assistant
        Secretary

      

      

      Acknowledged
        by Trustee:

      

      

      By:___________________________

      Vice
        President

      

      

      
        
          

        

      Exhibit
        1

      

      

      [Unless
        this certificate is presented by an authorized representative of The Depository
        Trust Company (55 Water Street, New York, New York) to the issuer or its
        agent
        for registration of transfer, exchange or payment, and any certificate to
        be
        issued is registered in the name of Cede & Co. or in such other name as is
        requested by an authorized representative of The Depository Trust Company
        and
        any payment is made to Cede & Co., ANY TRANSFER, PLEDGE OR OTHER USE HEREOF
        FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the
        registered owner hereof, Cede & Co., has an interest herein. Except as
        otherwise provided in Section 2.11 of the Indenture, this Security may be
        transferred, in whole but not in part, only to another nominee of the Depository
        or to a successor Depository or to a nominee of such successor
        Depository.]

      

      No.

      

      OHIO
        POWER COMPANY

      [Senior
        Notes], Series _

      

      CUSIP:      Original
        Issue Date:

      

      Maturity
        Date:     Interest
        Rate:

      

      Principal
        Amount:

      

      Redeemable: 
Yes
        ____ No
        ____

      In
        Whole:  Yes
        ____ No
        ____

      In
        Part:  Yes
        ____ No
        ____

      

      Initial
        Redemption Date:

      

      Redemption
        Limitation Date:

      

      Initial
        Redemption Price:

      

      Reduction
        Percentage:

      

      OHIO
        POWER COMPANY, a corporation duly organized and existing under the laws of
        the
        State of Ohio (herein referred to as the "Company", which term includes any
        successor corporation under the Indenture hereinafter referred to), for value
        received, hereby promises to pay to CEDE & CO. or registered assigns, the
        Principal Amount specified above on the Stated Maturity Date specified above,
        and to pay interest on said Principal Amount from the Original Issue Date
        specified above or from the most recent interest payment date (each such
        date,
        an "Interest Payment Date") to which interest has been paid or duly provided
        for, quarterly in arrears on March 31, June 30, September 30 and December
        31 in
        each year, commencing (except as provided below) with the Interest Payment
        Date
        next succeeding the Original Issue Date specified above, at the Interest
        Rate
        per annum specified above, until the Principal Amount shall have been paid
        or
        duly provided for. Interest shall be computed on the basis of a 360-day year
        of
        twelve 30-day months.

      

      The
        interest so payable, and punctually paid or duly provided for, on any Interest
        Payment Date, as provided in the Indenture, as hereinafter defined, shall
        be
        paid to the Person in whose name this Note (or one or more Predecessor
        Securities) shall have been registered at the close of business on the Regular
        Record Date with respect to such Interest Payment Date, which shall be the
        close
        of business on the Business Day next preceding such Interest Payment Date.
        Any
        such interest not so punctually paid or duly provided for shall forthwith
        cease
        to be payable to the Holder on such Regular Record Date and shall be paid
        as
        provided in said Indenture.

      

      If
        any
        Interest Payment Date, any Redemption Date or the Stated Maturity Date is
        not a
        Business Day, then payment of the amounts due on this Note on such date will
        be
        made on the next succeeding Business Day, and no interest shall accrue on
        such
        amounts for the period from and after such Interest Payment Date, Redemption
        Date or Stated Maturity Date, as the case may be, except that, if such Business
        Day is in the next succeeding calendar year, such payment shall be made on
        the
        immediately preceding Business Day, with the same force and effect as if
        made on
        such date. The principal of (and premium, if any) and the interest on this
        Note
        shall be payable at the office or agency of the Company maintained for that
        purpose in the Borough of Manhattan, the City of New York, New York, in any
        coin
        or currency of the United States of America which at the time of payment
        is
        legal tender for payment of public and private debts; provided,
        however,
        that
        payment of interest (other than interest payable on the Stated Maturity Date
        or
        any Redemption Date) may be made at the option of the Company by check mailed
        to
        the registered holder at such address as shall appear in the Note
        Register.

      

      This
        Note
        is one of a duly authorized series of Notes of the Company (herein sometimes
        referred to as the "Notes"), specified in the Indenture, all issued or to
        be
        issued in one or more series under and pursuant to an Indenture dated as
        of
        September 1, 1997 duly executed and delivered between the Company and Bankers
        Trust Company, a national banking association organized and existing under
        the
        laws of the United States, as Trustee (herein referred to as the "Trustee")
        (such Indenture, as originally executed and delivered and as thereafter
        supplemented and amended being herein-after referred to as the "Indenture"),
        to
        which Indenture and all indentures supplemental thereto or Company Orders
        reference is hereby made for a description of the rights, limitations of
        rights,
        obligations, duties and immunities thereunder of the Trustee, the Company
        and
        the holders of the Notes. By the terms of the Indenture, the Notes are issuable
        in series which may vary as to amount, date of maturity, rate of interest
        and in
        other respects as in the Indenture provided. This Note is one of the series
        of
        Notes designated on the face hereof.

      

      If
        so
        specified on the face hereof and subject to the terms of Article Three of
        the
        Indenture, this Note is subject to redemption at any time on or after the
        Initial Redemption Date specified on the face hereof, as a whole or, if
        specified, in part, at the election of the Company, at the applicable redemption
        price (as described below) plus any accrued but unpaid interest to the date
        of
        such redemption. Unless otherwise specified on the face hereof, such redemption
        price shall be the Initial Redemption Price specified on the face hereof
        for the
        twelve-month period commencing on the Initial Redemption Date and shall decline
        for the twelve-month period commencing on each anniversary of the Initial
        Redemption Date by a percentage of principal amount equal to the Reduction
        Percentage specified on the face hereof until such redemption price is 100%
        of
        the principal amount of this Note to be redeemed.

      

      Notwithstanding
        the foregoing, the Company may not, prior to the Redemption Limitation Date,
        if
        any, specified on the face hereof, redeem any Note of this series as
        contemplated above as a part of, or in anticipation of, any refunding operation
        by the application, directly or indirectly, of moneys borrowed having an
        effective interest cost to the Company (calculated in accordance with generally
        accepted financial practice) of less than the effective interest cost to
        the
        Company (similarly calculated) of this Note.

      

      This
        Note
        shall be redeemable to the extent set forth herein and in the Indenture upon
        not
        less than thirty, but not more than sixty, days previous notice by mail to
        the
        registered owner.

      

      The
        Company shall not be required to (i) issue, exchange or register the transfer
        of
        any Notes during a period beginning at the opening of business 15 days before
        the day of the mailing of a notice of redemption of less than all the
        outstanding Notes of the same series and ending at the close of business
        on the
        day of such mailing, nor (ii) register the transfer of or exchange of any
        Notes
        of any series or portions thereof called for redemption. This Global Note
        is
        exchangeable for Notes in definitive registered form only under certain limited
        circumstances set forth in the Indenture.

      

      In
        the
        event of redemption of this Note in part only, a new Note or Notes of this
        series, of like tenor, for the unredeemed portion hereof will be issued in
        the
        name of the Holder hereof upon the surrender of this Note.

      

      In
        case
        an Event of Default, as defined in the Indenture, shall have occurred and
        be
        continuing, the principal of all of the Notes may be declared, and upon such
        declaration shall become, due and payable, in the manner, with the effect
        and
        subject to the conditions provided in the Indenture.

      

      The
        Indenture contains provisions for defeasance at any time of the entire
        indebtedness of this Note upon compliance by the Company with certain conditions
        set forth therein.

      

      The
        Indenture contains provisions permitting the Company and the Trustee, with
        the
        consent of the Holders of not less than a majority in aggregate principal
        amount
        of the Notes of each series affected at the time outstanding, as defined
        in the
        Indenture, to execute supplemental indentures for the purpose of adding any
        provisions to or changing in any manner or eliminating any of the provisions
        of
        the Indenture or of any supplemental indenture or of modifying in any manner
        the
        rights of the Holders of the Notes; provided, however, that no such supplemental
        indenture shall (i) extend the fixed maturity of any Notes of any series,
        or
        reduce the principal amount thereof, or reduce the rate or extend the time
        of
        payment of interest thereon, or reduce any premium payable upon the redemption
        thereof, or reduce the amount of the principal of a Discount Security that
        would
        be due and payable upon a declaration of acceleration of the maturity thereof
        pursuant to the Indenture, without the consent of the holder of each Note
        then
        outstanding and affected; (ii) reduce the aforesaid percentage of Notes,
        the
        holders of which are required to consent to any such supplemental indenture,
        or
        reduce the percentage of Notes, the holders of which are required to waive
        any
        default and its consequences, without the consent of the holder of each Note
        then outstanding and affected thereby; or (iii) modify any provision of Section
        6.01(c) of the Indenture (except to increase the percentage of principal
        amount
        of securities required to rescind and annul any declaration of amounts due
        and
        payable under the Notes), without the consent of the holder of each Note
        then
        outstanding and affected thereby. The Indenture also contains provisions
        permitting the Holders of a majority in aggregate principal amount of the
        Notes
        of all series at the time outstanding affected thereby, on behalf of the
        Holders
        of the Notes of such series, to waive any past default in the performance
        of any
        of the covenants contained in the Indenture, or established pursuant to the
        Indenture with respect to such series, and its consequences, except a default
        in
        the payment of the principal of or premium, if any, or interest on any of
        the
        Notes of such series. Any such consent or waiver by the registered Holder
        of
        this Note (unless revoked as provided in the Indenture) shall be conclusive
        and
        binding upon such Holder and upon all future Holders and owners of this Note
        and
        of any Note issued in exchange herefor or in place hereof (whether by
        registration of transfer or otherwise), irrespective of whether or not any
        notation of such consent or waiver is made upon this Note.

      

      No
        reference herein to the Indenture and no provision of this Note or of the
        Indenture shall alter or impair the obligation of the Company, which is absolute
        and unconditional, to pay the principal of and premium, if any, and interest
        on
        this Note at the time and place and at the rate and in the money herein
        prescribed.

      

      As
        provided in the Indenture and subject to certain limitations therein set
        forth,
        this Note is transferable by the registered holder hereof on the Note Register
        of the Company, upon surrender of this Note for registration of transfer
        at the
        office or agency of the Company as may be designated by the Company accompanied
        by a written instrument or instruments of transfer in form satisfactory to
        the
        Company or the Trustee duly executed by the registered Holder hereof or his
        or
        her attorney duly authorized in writing, and thereupon one or more new Notes
        of
        authorized denominations and for the same aggregate principal amount and
        series
        will be issued to the designated transferee or transferees. No service charge
        will be made for any such transfer, but the Company may require payment of
        a sum
        sufficient to cover any tax or other governmental charge payable in relation
        thereto.

      

      Prior
        to
        due presentment for registration of transfer of this Note, the Company, the
        Trustee, any paying agent and any Note Registrar may deem and treat the
        registered Holder hereof as the absolute owner hereof (whether or not this
        Note
        shall be overdue and notwithstanding any notice of ownership or writing hereon
        made by anyone other than the Note Registrar) for the purpose of receiving
        payment of or on account of the principal hereof and premium, if any, and
        interest due hereon and for all other purposes, and neither the Company nor
        the
        Trustee nor any paying agent nor any Note Registrar shall be affected by
        any
        notice to the contrary.

      

      No
        recourse shall be had for the payment of the principal of or the interest
        on
        this Note, or for any claim based hereon, or otherwise in respect hereof,
        or
        based on or in respect of the Indenture, against any incorporator, stockholder,
        officer or director, past, present or future, as such, of the Company or
        of any
        predecessor or successor corporation, whether by virtue of any constitution,
        statute or rule of law, or by the enforcement of any assessment or penalty
        or
        otherwise, all such liability being, by the acceptance hereof and as part
        of the
        consideration for the issuance hereof, expressly waived and
        released.

      

      The
        Notes
        of this series are issuable only in registered form without coupons in
        denominations of $25 and any integral multiple thereof. As provided in the
        Indenture and subject to certain limitations, Notes of this series are
        exchangeable for a like aggregate principal amount of Notes of this series
        of a
        different authorized denomination, as requested by the Holder surrendering
        the
        same.

      

      All
        terms
        used in this Note which are defined in the Indenture shall have the meanings
        assigned to them in the Indenture.

      

      This
        Note
        shall not be entitled to any benefit under the Indenture hereinafter referred
        to, be valid or become obligatory for any purpose until the Certificate of
        Authentication hereon shall have been signed by or on behalf of the
        Trustee.

      

      IN
        WITNESS WHEREOF, the Company has caused this Instrument to be
        executed.

      

      OHIO
        POWER COMPANY

      

      

      By:___________________________

      

      Attest:

      

      

      By:___________________________

      

      

      

      CERTIFICATE
        OF AUTHENTICATION

      

      This
        is
        one of the Notes of the series of Notes designated in accordance with, and
        referred to in, the within-mentioned Indenture.

      

      Dated:_______________

      

      BANKERS
        TRUST COMPANY, as Trustee

      

      

      By:___________________________

      Authorized
        Signatory

      

      
        
          

        

      
         

      

      FOR
        VALUE
        RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s)
        unto

      

      (PLEASE
        INSERT SOCIAL SECURITY OR OTHER

      IDENTIFYING
        NUMBER OF ASSIGNEE)

      

      _______________________________________

      

      ________________________________________________________________

      

      ________________________________________________________________

      (PLEASE
        PRINT OR TYPE NAME AND ADDRESS, INCLUDING ZIP CODE, OF

      ________________________________________________________________

      ASSIGNEE)
        the within Note and all rights thereunder, hereby

      ________________________________________________________________

      irrevocably
        constituting and appointing such person attorney to 

      ________________________________________________________________

      transfer
        such Note on the books of the Issuer, with full

      ________________________________________________________________

      power
        of
        substitution in the premises.

      

      

      

      Dated:________________________  _________________________

      

      

      

      NOTICE: The
        signature to this assignment must correspond with the name as written upon
        the
        face of the within Note in every particular, without alteration or enlargement
        or any change whatever and NOTICE: Signature(s) must be guaranteed by a
        financial institution that is a member of the Securities Transfer Agents
        Medallion Program ("STAMP"), the Stock Exchange Medallion Program ("SEMP")
        or
        the New York Stock Exchange, Inc. Medallion Signature Program
        ("MSP").Exhibit 10.2
                           THERMO ELECTRON CORPORATION

                      2005 STOCK INCENTIVE PLAN, AS AMENDED

1.   Purpose

     The  purpose  of this 2005  Stock  Incentive  Plan (the  "Plan")  of Thermo
Electron Corporation,  a Delaware corporation (the "Company"), is to advance the
interests of the  Company's  stockholders  by enhancing  the  Company's  and its
Subsidiaries' (as defined below) ability to attract, retain and motivate persons
who are expected to make important  contributions to the Company or a Subsidiary
and  by  providing  such  persons  with  equity  ownership   opportunities   and
performance-based  incentives  that are intended to align their  interests  with
those of the Company's stockholders.  "Subsidiaries" means the present or future
subsidiary  corporations  of the  Company as defined in  Sections  424(f) of the
Internal  Revenue  Code of 1986,  as amended,  and any  regulations  promulgated
thereunder  (the "Code") and any other  business  ventures  (including,  without
limitation, joint venture or limited liability company) in which the Company has
a controlling interest.

2.   Eligibility

     All of the employees, officers, directors,  consultants and advisors of the
Company and its Subsidiaries are eligible to receive options, stock appreciation
rights,  restricted stock and other stock-based  awards (each, an "Award") under
the  Plan.  Each  person  who  receives  an Award  under  the  Plan is  deemed a
"Participant".

3.   Administration and Delegation

     (a) Administration by Board of Directors.  The Plan will be administered by
the Board of  Directors  of the  Company  (the  "Board").  The Board  shall have
authority  to grant  Awards and to adopt,  amend and repeal such  administrative
rules, guidelines and practices relating to the Plan as it shall deem advisable.
The Board  may  correct  any  defect,  supply  any  omission  or  reconcile  any
inconsistency  in the Plan or any Award in the manner and to the extent it shall
deem  expedient to carry the Plan into effect and it shall be the sole and final
judge  of such  expediency.  All  decisions  by the  Board  shall be made in the
Board's sole  discretion and shall be final and binding on all persons having or
claiming any interest in the Plan or in any Award.  No director or person acting
pursuant to the authority  delegated by the Board shall be liable for any action
or determination relating to or under the Plan made in good faith.

     (b) Appointment of Committees.  To the extent  permitted by applicable law,
the Board may  delegate  any or all of its powers  under the Plan to one or more
committees or subcommittees of the Board (a "Committee").  All references in the
Plan to the  "Board"  shall  mean the Board or a  Committee  of the Board or the
officers  referred to in Section  3(c) to the extent that the Board's  powers or
authority under the Plan have been delegated to such Committee or officers.

<PAGE>
                                       2

     (c) Delegation to Officers.  To the extent permitted by applicable law, the
Board may  delegate  to one or more  officers  of the Company the power to grant
Awards to employees or officers of the Company or any of its Subsidiaries and to
exercise such other powers under the Plan as the Board may  determine,  provided
that the Board shall fix the terms of the Awards to be granted by such  officers
(including  the exercise  price of such  Awards,  which may include a formula by
which the exercise  price will be  determined)  and the maximum number of shares
subject to Awards that the officers may grant;  provided further,  however, that
no officer shall be authorized to grant Awards to any "executive officer" of the
Company (as defined by Rule 3b-7 under the  Securities  Exchange Act of 1934, as
amended (the "Exchange  Act")) or to any "officer" of the Company (as defined by
Rule 16a-1 under the Exchange Act).

4.   Stock Available for Awards

     (a) Number of Shares.  Subject to adjustment under Section 9, Awards may be
made under the Plan for up to 11,000,000 shares of common stock, $1.00 par value
per share, of the Company (the "Common Stock"). Shares issued under the Plan may
consist  in whole or in part of  authorized  but  unissued  shares  or  treasury
shares. For purposes of counting the number of shares available for the grant of
Awards under the Plan,  (i) shares of Common Stock covered by  Independent  SARs
(as defined in Section  6(b)(2))  shall be counted  against the number of shares
available  for the grant of  Awards  under the  Plan;  provided,  however,  that
Independent SARs which may be settled in cash only shall not be so counted; (ii)
if any Award (A)  expires or is  terminated,  surrendered  or  canceled  without
having been fully  exercised or is forfeited in whole or in part  (including  as
the result of shares of Common Stock subject to such Award being  repurchased by
the Company at the original issuance price pursuant to a contractual  repurchase
right) or (B)  results  in any Common  Stock not being  issued  (including  as a
result  of an  Independent  SAR that was  settleable  either in cash or in stock
actually  being settled in cash),  the unused Common Stock covered by such Award
shall  again be  available  for the  grant of Awards  under the Plan;  provided,
however,  in the case of Incentive Stock Options (as hereinafter  defined),  the
foregoing sentence shall be subject to any limitations under the Code; and (iii)
shares of Common Stock  tendered to the Company by a Participant to (A) purchase
shares  of  Common  Stock  upon the  exercise  of an Award  or (B)  satisfy  tax
withholding  obligations  (including shares retained from the Award creating the
tax  obligation)  shall not be added back to the number of shares  available for
the future grant of Awards under the Plan.

     (b)  Sub-limits.  Subject to  adjustment  under  Section  9, the  following
sub-limits on the number of shares subject to Awards shall apply:

          (1) Section 162(m) Per-Participant Limit. The maximum number of shares
of Common Stock with  respect to which Awards may be granted to any  Participant
under the Plan  shall be  1,500,000  per  calendar  year.  For  purposes  of the
foregoing  limit,  the combination of an Option in tandem with a SAR (as each is
hereafter defined) shall be treated as a single Award. The per-Participant limit
described in this Section  4(b)(1) shall be construed  and applied  consistently
with Section  162(m) of the Code or any  successor  provision  thereto,  and the
regulations thereunder ("Section 162(m)").
<PAGE>
                                       3

          (2) Limit on Awards other than Options and SARS. The maximum number of
shares with  respect to which  Awards other than Options and SARs may be granted
shall be 3,000,000.

          (3) Limit on Awards to  Directors.  The maximum  number of shares with
respect to which Awards may be granted to directors who are not employees of the
Company or a Subsidiary at the time of grant shall be 500,000.

5.   Stock Options

     (a) General. The Board may grant options to purchase Common Stock (each, an
"Option")  and  determine  the number of shares of Common Stock to be covered by
each  Option,  the  exercise  price  of  each  Option  and  the  conditions  and
limitations  applicable  to the  exercise of each Option,  including  conditions
relating  to  applicable  federal  or state  securities  laws,  as it  considers
necessary or advisable. An Option which is not intended to be an Incentive Stock
Option (as  hereinafter  defined)  shall be  designated  a  "Nonstatutory  Stock
Option".

     (b)  Incentive  Stock  Options.  An Option that the Board  intends to be an
"incentive  stock  option" as defined in Section 422 of the Code (an  "Incentive
Stock  Option")  shall only be granted to employees  of the Company,  any of the
Company's  present or future  subsidiary  corporations  as  defined in  Sections
424(f) of the Code,  and any other  entities the employees of which are eligible
to receive  Incentive  Stock Options under the Code, and shall be subject to and
shall be  construed  consistently  with the  requirements  of Section 422 of the
Code. The Company shall have no liability to a Participant,  or any other party,
if an Option (or any part  thereof)  that is intended to be an  Incentive  Stock
Option is not an  Incentive  Stock  Option or for any action  taken by the Board
pursuant to Section  10(f),  including  without  limitation the conversion of an
Incentive Stock Option to a Nonstatutory Stock Option.

     (c) Exercise Price.

          (1)  Establishment  of Exercise  Price.  The Board shall establish the
exercise  price of each Option and specify such exercise price in the applicable
option agreement;  provided,  however, that the exercise price shall be not less
than 100% of the fair market  value per share of Common Stock as  determined  by
(or in a manner  approved by) the Board ("Fair Market Value") as of the date the
Option is granted.

          (2)  Limitation  on  Repricing.  Unless such action is approved by the
Company's stockholders:  (A) no outstanding Option granted under the Plan may be
amended  to  provide  an  exercise  price  per  share  that is  lower  than  the
then-current  exercise  price per share of such  outstanding  Option (other than
adjustments  pursuant  to  Section  9) and (B) the  Board  may  not  cancel  any
outstanding Option and grant in substitution  therefor new Awards under the Plan
covering the same or a different  number of shares of Common Stock and having an
exercise price per share lower than the then-current exercise price per share of
the cancelled Option.

     (d) Duration of Options.  Each Option shall be  exercisable at such time or
times and subject to such terms and  conditions  as the Board may specify in the
applicable option agreement;  provided,  however, that no Option will be granted
for a term in excess of 10 years.
<PAGE>
                                       4

     (e) Exercise of Option. Options may be exercised by delivery to the Company
of a written notice of exercise signed by the proper person or by any other form
of notice  (including  electronic  notice) approved by the Company together with
payment in full as  specified in Section 5(f) for the number of shares for which
the Option is  exercised.  Shares of Common Stock  subject to the Option will be
delivered by the Company  following  exercise  either as soon as practicable or,
subject to such conditions as the Board shall specify, on a deferred basis (with
the Company's  obligation to be evidenced by an instrument  providing for future
delivery of the deferred shares at the time or times specified by the Board).

     (f) Payment Upon Exercise.  Common Stock  purchased upon the exercise of an
Option granted under the Plan shall be paid for as follows:

          (1) in cash or by check, payable to the order of the Company;

          (2) except as the Board may otherwise  provide in an option agreement,
by  (i)  delivery  of  an  irrevocable  and   unconditional   undertaking  by  a
creditworthy  broker to deliver promptly to the Company  sufficient funds to pay
the  exercise  price and any required tax  withholding  or (ii)  delivery by the
Participant  to  the  Company  of  a  copy  of  irrevocable  and   unconditional
instructions to a creditworthy broker to deliver promptly to the Company cash or
a check sufficient to pay the exercise price and any required tax withholding;

          (3) when the Common Stock is registered under the Securities  Exchange
Act of 1934 (the "Exchange Act"), by delivery of shares of Common Stock owned by
the  Participant  valued at their Fair Market Value as of the date the shares of
Common  Stock are so  delivered,  provided  (i) such  method of  payment is then
permitted under  applicable  law, (ii) such Common Stock,  if acquired  directly
from the Company,  was owned by the Participant for such minimum period of time,
if any,  as may be  established  by the Board in its  discretion  and (iii) such
Common Stock is not subject to any repurchase,  forfeiture,  unfulfilled vesting
or other similar requirements;

          (4) to the extent permitted by applicable law and by the Board, by (i)
delivery  of a  promissory  note of the  Participant  to the  Company  on  terms
determined by the Board, or (ii) payment of such other lawful  consideration  as
the Board may determine; or

          (5) by any combination of the above permitted forms of payment.

     (g) Substitute  Options. In connection with a merger or consolidation of an
entity with the Company or the  acquisition  by the Company of property or stock
of an entity,  the Board may grant  Options in  substitution  for any options or
other  stock or  stock-based  awards  granted  by such  entity  or an  affiliate
thereof.  Substitute  Options  may be granted  on such terms as the Board  deems
appropriate in the  circumstances,  notwithstanding  any  limitations on Options
contained in the other  sections of this  Section 5 or in Section 2.  Substitute
Options  shall not count  against the  overall  share limit set forth in Section
4(a), except as may be required by reason of Section 422 and related  provisions
of the Code.
<PAGE>
                                       5

6.   Stock Appreciation Rights.

     (a) General. A Stock Appreciation  Right, or SAR, is an Award entitling the
holder,  upon  exercise,  to  receive  an amount  in cash or  Common  Stock or a
combination  thereof  (such form to be  determined  by the Board)  determined in
whole or in part by reference to appreciation, from and after the date of grant,
in the fair market value of a share of Common Stock. SARs may be based solely on
appreciation in the fair market value of Common Stock or on a comparison of such
appreciation  with some other  measure of market growth such as (but not limited
to)  appreciation  in a  recognized  market  index.  The date as of  which  such
appreciation  or other measure is  determined  shall be the exercise date unless
another date is specified by the Board in the SAR Award.

     (b) Grants.  Stock  Appreciation  Rights may be granted in tandem with,  or
independently of, Options granted under the Plan.

          (1) Tandem  Awards.  When  Stock  Appreciation  Rights  are  expressly
granted  in tandem  with  Options,  (i) the  Stock  Appreciation  Right  will be
exercisable  only at such time or times,  and to the  extent,  that the  related
Option  is  exercisable  (except  to  the  extent  designated  by the  Board  in
connection with a Reorganization Event or a Change in Control Event) and will be
exercisable  in  accordance  with the  procedure  required  for  exercise of the
related Option;  (ii) the Stock  Appreciation Right will terminate and no longer
be exercisable upon the termination or exercise of the related Option, except to
the extent designated by the Board in connection with a Reorganization  Event or
a Change in Control  Event and except that a Stock  Appreciation  Right  granted
with  respect to less than the full  number of shares  covered by an Option will
not be  reduced  until the number of shares as to which the  related  Option has
been exercised or has terminated exceeds the number of shares not covered by the
Stock  Appreciation  Right;  (iii) the Option  will  terminate  and no longer be
exercisable upon the exercise of the related Stock Appreciation  Right; and (iv)
the Stock Appreciation Right will be transferable only with the related Option.

          (2) Independent SARs. A Stock Appreciation Right not expressly granted
in tandem with an Option  ("Independent  SAR") will become  exercisable  at such
time or times,  and on such  conditions,  as the Board  may  specify  in the SAR
Award.

     (c) Exercise. Stock Appreciation Rights may be exercised by delivery to the
Company (or its designee) of a written  notice of exercise  signed by the proper
person or by any other form of notice (including  electronic notice) approved by
the Company, together with any other documents required by the Company.

7.   Restricted Stock.

     (a) General.  The Board may grant Awards  entitling  recipients  to acquire
shares of Common Stock, subject to the right of the Company to repurchase all or
part of such shares at their issue price or other stated or formula price (or to
require  forfeiture  of such shares if issued at no cost) from the  recipient in
the event that conditions specified by the Board in the applicable Award are not
satisfied  prior to the end of the  applicable  restriction  period  or  periods
established by the Board for such Award (each, a "Restricted Stock Award").

<PAGE>
                                       6

     (b)  Terms  and  Conditions.  The  Board  shall  determine  the  terms  and
conditions of a Restricted Stock Award,  including the conditions for repurchase
(or forfeiture) and the issue price, if any.

     (c) Limitations on Vesting.

          (1) Except as set forth in subsection  (c)(2) below,  Restricted Stock
Awards that vest based on the passage of time alone shall be zero percent vested
prior to the first anniversary of the date of grant, no more than 33-1/3% vested
prior to the second  anniversary of the date of grant,  and no more than 66-2/3%
vested prior to the third  anniversary  of the date of grant.  Restricted  Stock
Awards that vest upon the passage of time and  provide for  accelerated  vesting
based on performance  shall not vest prior to the first  anniversary of the date
of grant.

          (2)  Subsection  (c)(1)  above  shall not apply to (i) Awards  granted
pursuant to Section 10(i) or (ii) to a maximum of 500,000 shares of Common Stock
with respect to which  Restricted  Stock Awards may be granted.  With respect to
Restricted  Stock Awards that are subject to subsection  (c)(1) above, the Board
may waive its rights to repurchase  shares of Common Stock (or waive  forfeiture
thereof)  or remove or modify any part or all of the  restrictions  (or  vesting
thereof)  applicable  to the  Restricted  Stock  Award  (x) in  exercise  of the
authority  granted to the Board in Section 10(d), at the time a Restricted Stock
Award is granted and (y)  pursuant  to Section 9 or in such other  extraordinary
circumstances (as determined by the Board) affecting the Company,  a Participant
or the Plan after the Restricted Stock Award has been granted.

     (d) Stock  Certificates.  Any stock  certificates  issued in  respect  of a
Restricted  Stock Award shall be registered in the name of the Participant  and,
unless otherwise determined by the Board, deposited by the Participant, together
with a stock power endorsed in blank, with the Company (or its designee). At the
expiration of the applicable restriction periods, the Company (or such designee)
shall deliver the  certificates  no longer subject to such  restrictions  to the
Participant or if the Participant has died, to the beneficiary designated,  in a
manner  determined by the Company,  by a Participant  to receive  amounts due or
exercise rights of the Participant in the event of the Participant's  death (the
"Designated  Beneficiary").  In the  absence of an  effective  designation  by a
Participant, "Designated Beneficiary" shall mean the Participant's estate.

     (e) Deferred Delivery of Shares.  The Board may, at the time any Restricted
Stock Award is granted,  provide that, at the time Common Stock would  otherwise
be delivered  pursuant to the Award,  the  Participant  shall instead receive an
instrument  evidencing the right to future delivery of Common Stock at such time
or times, and on such conditions,  as the Board shall specify.  The Board may at
any time  accelerate the time at which delivery of all or any part of the Common
Stock shall take place. The Board may also permit an exchange of unvested shares
of Common  Stock  that have  already  been  delivered  to a  Participant  for an
instrument  evidencing the right to future delivery of Common Stock at such time
or times, and on such conditions, as the Board shall specify.

<PAGE>
                                       7

8.   Other Stock-Based Awards.

     (a) General.

     Other Awards of shares of Common Stock, and other Awards that are valued in
whole or in part by reference  to, or are  otherwise  based on, shares of Common
Stock or other property,  may be granted hereunder to Participants ("Other Stock
Unit Awards"),  including  without  limitation  Awards  entitling  recipients to
receive  shares of Common Stock to be delivered in the future.  Such Other Stock
Unit Awards shall also be available  as a form of payment in the  settlement  of
other Awards  granted  under the Plan or as payment in lieu of  compensation  to
which a Participant is otherwise  entitled.  Other Stock Unit Awards may be paid
in shares of Common Stock or cash, as the Board shall determine.  Subject to the
provisions of the Plan,  the Board shall  determine the conditions of each Other
Stock Unit Awards,  including any purchase price applicable thereto. At the time
any Award is granted, the Board may provide that, at the time Common Stock would
otherwise  be  delivered  pursuant to the Award,  the  Participant  will instead
receive an instrument  evidencing the Participant's  right to future delivery of
the Common Stock.

     (b) Limitations on Vesting.

          (1) Except as set froth in subsection  (b)(2) below,  Other Stock Unit
Awards that vest based on the passage of time along shall be zero percent vested
prior to the first anniversary of the date of grant, no more that 33-1/3% vested
prior to the second  anniversary of the date of grant,  and no more than 66-2/3%
vested  prior to the third  anniversary  of the date of grant.  Other Stock Unit
Awards that vest upon the passage of time and  provide for  accelerated  vesting
based on performance  shall not vest prior to the first  anniversary of the date
of grant.

          (2)  Subsection  (b)(1)  above  shall not apply to (i) Awards  granted
pursuant to Section 10(i) or (ii) to a maximum of 500,000 shares of Common Stock
with respect to which  Restricted Stock Awards or Other Stock Unit Awards may be
granted.  With respect to Other Stock Unit Awards that are subject to subsection
(b)(1)  above,  the Board may waive  forfeiture  thereof or remove or modify any
part or all of the  restrictions  (or vesting  thereof)  applicable to the Other
Stock  Unit  Award (x) in  exercise  of the  authority  granted  to the Board in
Section 9 or Section 10(d), at the time an Other Stock Unit Award is granted and
(y) in such  other  extraordinary  circumstances  (as  determined  by the Board)
affecting  the  Company,  a  Participant  or the Plan after the Other Stock Unit
Award has been granted.

9.   Adjustments for Changes in Common Stock and Certain Other Events.

     (a) Changes in  Capitalization.  In the event of any stock  split,  reverse
stock  split,   stock   dividend,   recapitalization,   combination  of  shares,
reclassification  of shares,  spin-off or other similar change in capitalization
or event, or any  distribution to holders of Common Stock other than an ordinary
cash dividend, (i) the number and class of securities available under this Plan,
(ii) the  sub-limits  set forth in Sections  4(b),  7(c)(2) and 8(b),  (iii) the
number and class of securities and exercise price per share of each  outstanding
Option,  (iv) the share- and  per-share  provisions  of each Stock  Appreciation
Right, (v) the repurchase price per share subject to each outstanding Restricted
Stock  Award  and (vi)  the  share-  and  per-share-related  provisions  of each

<PAGE>
                                       8

outstanding  Other  Stock Unit  Award,  shall be  appropriately  adjusted by the
Company  (or  substituted  Awards  may be made,  if  applicable)  to the  extent
determined by the Board.

     (b) Reorganization and Change in Control Events

          (1) Definitions

               (A) A "Reorganization Event" shall mean:

                    (i) any merger or  consolidation of the Company with or into
another  entity as a result of which all of the Common  Stock of the  Company is
converted  into or exchanged for the right to receive cash,  securities or other
property or is cancelled;

                    (ii) any  exchange of all of the Common Stock of the Company
for cash, securities or other property pursuant to a share exchange transaction;
or

                    (iii)  any  complete   liquidation  or  dissolution  of  the
Company.

               (B) A "Change in Control Event" shall mean:

                    (i)  the  acquisition  by an  individual,  entity  or  group
(within the meaning of Section  13(d)(3)  or  14(d)(2) of the  Exchange  Act) (a
"Person") of beneficial  ownership of any capital stock of the Company if, after
such  acquisition,  such Person  beneficially  owns  (within the meaning of Rule
13d-3  promulgated  under  the  Exchange  Act)  40% or  more of  either  (x) the
then-outstanding shares of common stock of the Company (the "Outstanding Company
Common  Stock")  or (y)  the  combined  voting  power  of  the  then-outstanding
securities  of the  Company  entitled  to  vote  generally  in the  election  of
directors (the "Outstanding Company Voting Securities"); provided, however, that
for  purposes of this  subsection  (i),  the  following  acquisitions  shall not
constitute  a Change in  Control  Event:  (A) any  acquisition  directly  by the
Company,  (B) any  acquisition  by any employee  benefit plan (or related trust)
sponsored or  maintained  by the Company or any  corporation  controlled  by the
Company,  or (C) any  acquisition  by any  corporation  pursuant  to a  Business
Combination  (as  defined  below)  which  complies  with  clauses (x) and (y) of
subsection (iii) of this definition; or

                    (ii)  such  time as the  Continuing  Directors  (as  defined
below) do not constitute a majority of the Board (or, if  applicable,  the Board
of  Directors  of a  successor  corporation  to the  Company),  where  the  term
"Continuing  Director"  means at any date a member  of the  Board  (x) who was a
member  of the  Board on the date of the  initial  adoption  of this Plan by the
Board or (y) who was nominated or elected  subsequent to such date by at least a
majority of the  directors  who were  Continuing  Directors  at the time of such
nomination  or  election  or whose  election  to the  Board was  recommended  or
endorsed by at least a majority of the directors who were  Continuing  Directors
at the time of such nomination or election;  provided, however, that there shall
be excluded  from this clause (y) any  individual  whose  initial  assumption of
office  occurred as a result of an actual or  threatened  election  contest with
respect to the election or removal of  directors  or other actual or  threatened
solicitation of proxies or consents,  by or on behalf of a person other than the
Board; or

<PAGE>
                                       9

                    (iii)  the   consummation   of  a   merger,   consolidation,
reorganization,  recapitalization  or share exchange  involving the Company or a
sale or other  disposition  of all or  substantially  all of the  assets  of the
Company in one or a series of transactions (a "Business  Combination"),  unless,
immediately  following  such  Business  Combination,  each of the  following two
conditions is satisfied:  (x) all or  substantially  all of the  individuals and
entities who were the beneficial owners of the Outstanding  Company Common Stock
and Outstanding  Company Voting  Securities  immediately  prior to such Business
Combination  beneficially  own,  directly  or  indirectly,  more than 60% of the
then-outstanding  shares of common  stock and the  combined  voting power of the
then-outstanding  securities  entitled  to vote  generally  in the  election  of
directors,  respectively,  of the  resulting  or acquiring  corporation  in such
Business  Combination (which shall include,  without  limitation,  a corporation
which as a result of such transaction  owns the Company or substantially  all of
the Company's assets either directly or through one or more subsidiaries)  (such
resulting  or  acquiring  corporation  is referred  to herein as the  "Acquiring
Corporation")  in  substantially  the same proportions as their ownership of the
Outstanding  Company Common Stock and  Outstanding  Company  Voting  Securities,
respectively,  immediately prior to such Business  Combination and (y) no Person
(excluding any employee benefit plan (or related trust)  maintained or sponsored
by the Company or by the Acquiring  Corporation)  beneficially owns, directly or
indirectly,  40% or more of the  then-outstanding  shares of common stock of the
Acquiring  Corporation,  or of the combined voting power of the then-outstanding
securities  of such  corporation  entitled to vote  generally in the election of
directors; or

                    (iv) the approval by the  stockholders of the Company of the
complete liquidation or dissolution of the Company.

          (2) Effect on Options

               (A) Reorganization Event. Upon the occurrence of a Reorganization
Event  (regardless  of whether such event also  constitutes  a Change in Control
Event),  or the  execution  by the Company of any  agreement  with  respect to a
Reorganization  Event  (regardless of whether such event will result in a Change
in Control Event), the Board shall provide that all outstanding Options shall be
assumed,  or  equivalent  options  shall be  substituted,  by the  acquiring  or
succeeding  corporation  (or  an  affiliate  thereof);  provided  that  if  such
Reorganization  Event also constitutes a Change in Control Event,  except to the
extent  specifically  provided to the contrary in the instrument  evidencing any
Option or any  other  agreement  between a  Participant  and the  Company,  such
assumed or substituted options shall be immediately exercisable in full upon the
occurrence of such Reorganization Event. For purposes hereof, an Option shall be
considered to be assumed if, following consummation of the Reorganization Event,
the Option confers the right to purchase, for each share of Common Stock subject
to the Option immediately prior to the consummation of the Reorganization Event,
the  consideration  (whether cash,  securities or other property)  received as a
result of the Reorganization  Event by holders of Common Stock for each share of
Common Stock held immediately  prior to the  consummation of the  Reorganization
Event  (and if  holders  were  offered  a choice of  consideration,  the type of
consideration  chosen by the holders of a majority of the outstanding  shares of
Common Stock); provided, however, that if the consideration received as a result
of the  Reorganization  Event is not solely  common  stock of the  acquiring  or
succeeding  corporation  (or an affiliate  thereof),  the Company may,  with the
consent  of  the   acquiring  or   succeeding   corporation,   provide  for  the
<PAGE>
                                       10

consideration  to be received upon the exercise of Options to consist  solely of
common  stock  of the  acquiring  or  succeeding  corporation  (or an  affiliate
thereof)  equivalent  in value  (as  determined  by the  Board) to the per share
consideration  received by holders of  outstanding  shares of Common  Stock as a
result of the Reorganization Event.

               Notwithstanding  the  foregoing,  if the  acquiring or succeeding
corporation  (or an affiliate  thereof) does not agree to assume,  or substitute
for,  such  Options,  or in the event of a  liquidation  or  dissolution  of the
Company, the Board shall, upon written notice to the Participants,  provide that
all then unexercised  Options will become  exercisable in full as of a specified
time prior to the Reorganization  Event and will terminate  immediately prior to
the consummation of such Reorganization Event, except to the extent exercised by
the Participants before the consummation of such Reorganization Event; provided,
however, in the event of a Reorganization Event under the terms of which holders
of Common Stock will receive upon  consummation  thereof a cash payment for each
share of Common Stock  surrendered  pursuant to such  Reorganization  Event (the
"Acquisition  Price"),  then the Board may instead  provide that all outstanding
Options shall terminate upon consummation of such Reorganization  Event and that
each Participant shall receive,  in exchange  therefor,  a cash payment equal to
the amount (if any) by which (A) the Acquisition  Price multiplied by the number
of shares of Common Stock subject to such  outstanding  Options  (whether or not
then exercisable),  exceeds (B) the aggregate exercise price of such Options. In
the event of a  Reorganization  Event that does not also  constitute a Change in
Control  Event,  then to the  extent  all or any  portion  of an Option  becomes
exercisable  solely as a result of the first  sentence of this  paragraph,  upon
exercise of such Option the Participant  shall receive shares subject to a right
of repurchase by the Company or its successor at the Option exercise price. Such
repurchase  right (1)  shall  lapse at the same rate as the  Option  would  have
become exercisable under its terms and (2) shall not apply to any shares subject
to the Option that were exercisable  under its terms without regard to the first
sentence of this paragraph.

               (B) Change in Control Event that is not a  Reorganization  Event.
Upon the occurrence of a Change in Control Event that does not also constitute a
Reorganization Event, except to the extent specifically provided to the contrary
in the  instrument  evidencing  any  Option  or any  other  agreement  between a
Participant and the Company,  all Options  then-outstanding  shall automatically
become immediately exercisable in full.

          (3) Effect on Restricted Stock Awards

               (A)  Reorganization  Event that is not a Change in Control Event.
Upon the  occurrence of a  Reorganization  Event that is not a Change in Control
Event,  the  repurchase  and other rights of the Company under each  outstanding
Restricted Stock Award shall inure to the benefit of the Company's successor and
shall apply to the cash, securities or other property which the Common Stock was
converted  into or exchanged  for pursuant to such  Reorganization  Event in the
same manner and to the same extent as they applied to the Common  Stock  subject
to such Restricted Stock Award.
<PAGE>
                                       11

               (B) Change in Control  Event.  Upon the occurrence of a Change in
Control   Event   (regardless   of  whether  such  event  also   constitutes   a
Reorganization  Event),  except  to  the  extent  specifically  provided  to the
contrary in the instrument  evidencing  any Restricted  Stock Award or any other
agreement between a Participant and the Company, all restrictions and conditions
on all Restricted Stock Awards  then-outstanding  shall  automatically be deemed
terminated or satisfied.

          (4) Effect on Stock  Appreciation  Rights and Other Stock Unit Awards.
The Board  may  specify  in an Award at the time of the  grant  the  effect of a
Reorganization Event and Change in Control Event on any SAR and Other Stock Unit
Award.

10.  General Provisions Applicable to Awards

     (a)  Transferability  of  Awards.  Awards  shall  not  be  sold,  assigned,
transferred,  pledged  or  otherwise  encumbered  by the person to whom they are
granted,  either  voluntarily or by operation of law, except by will or the laws
of descent and  distribution  or, other than in the case of an  Incentive  Stock
Option,  pursuant to a qualified  domestic relations order, and, during the life
of the Participant,  shall be exercisable  only by the Participant;  except that
the Board may permit or provide in an Award for the  gratuitous  transfer of the
Award by the  Participant to or for the benefit of any immediate  family member,
family  trust or family  partnership  established  solely for the benefit of the
Participant  and/or an immediate  family member thereof if, with respect to such
proposed  transferee,  the  Company  would be eligible to use a Form S-8 for the
registration  of the sale of the Common  Stock  subject to such option under the
Securities  Act of 1933,  as amended;  provided  that the  Company  shall not be
required to recognize any such transfer until such time as the  Participant  and
such permitted transferee shall, as a condition to such transfer, deliver to the
Company a written  instrument in form and substance  satisfactory to the Company
confirming  that  such  transferee  shall  be  bound  by all of  the  terms  and
conditions of the Award. References to a Participant,  to the extent relevant in
the context, shall include references to authorized transferees.

     (b)  Documentation.  Each Award shall be evidenced  in such form  (written,
electronic or otherwise)  as the Board shall  determine.  Each Award may contain
terms and conditions in addition to those set forth in the Plan.

     (c) Board Discretion.  Except as otherwise provided by the Plan, each Award
may be made alone or in addition or in relation to any other Award. The terms of
each Award  need not be  identical,  and the Board  need not treat  Participants
uniformly.

     (d) Termination of Status. The Board shall determine the effect on an Award
of the  disability,  death,  retirement,  authorized  leave of  absence or other
change in the  employment  or other  status of a  Participant  and the extent to
which, and the period during which, the Participant,  or the Participant's legal
representative,  conservator,  guardian or Designated Beneficiary,  may exercise
rights under the Award.

     (e)  Withholding.  Each  Participant  shall  pay to the  Company,  or  make
provision  satisfactory to the Company for payment of, any taxes required by law
to be withheld in connection with an Award to such Participant.  If provided for
in an Award or approved by the Company,  in its sole  discretion,  a Participant
may satisfy  such tax  obligations  in whole or in part

<PAGE>
                                       12

by delivery of shares of Common Stock,  including shares retained from the Award
creating  the tax  obligation,  valued at their  Fair  Market  Value;  provided,
however,  except  as  otherwise  provided  by the  Board,  that  the  total  tax
withholding  where stock is being used to satisfy  such tax  obligations  cannot
exceed the Company's minimum statutory withholding obligations (based on minimum
statutory  withholding  rates for  federal  and state  tax  purposes,  including
payroll taxes, that are applicable to such supplemental taxable income).  Shares
surrendered  to satisfy tax  withholding  requirements  cannot be subject to any
repurchase,  forfeiture,  unfulfilled vesting or other similar requirements. The
Company  may, to the extent  permitted by law,  deduct any such tax  obligations
from any payment of any kind otherwise due to a Participant.

     (f) Amendment of Award.  Except as set forth in Sections 5(c)(2),  7(c) and
8(b), the Board may amend, modify or terminate any outstanding Award,  including
but not  limited  to,  substituting  therefor  another  Award  of the  same or a
different type, changing the date of exercise or realization,  and converting an
Incentive  Stock  Option  to a  Nonstatutory  Stock  Option,  provided  that the
Participant's  consent  to such  action  shall  be  required  unless  the  Board
determines that the action,  taking into account any related  action,  would not
materially and adversely affect the Participant.

     (g)  Conditions on Delivery of Stock.  The Company will not be obligated to
deliver  any  shares  of  Common  Stock  pursuant  to  the  Plan  or  to  remove
restrictions  from  shares  previously  delivered  under the Plan  until (i) all
conditions  of the Award  have been met or removed  to the  satisfaction  of the
Company,  (ii) in the opinion of the Company's counsel,  all other legal matters
in connection with the issuance and delivery of such shares have been satisfied,
including any applicable  securities  laws and any applicable  stock exchange or
stock market rules and  regulations,  and (iii) the Participant has executed and
delivered to the Company such  representations  or agreements as the Company may
consider  appropriate to satisfy the  requirements of any applicable laws, rules
or regulations.

     (h) Acceleration.  Except as otherwise provided in Section 7(c) and Section
8(b), the Board may at any time provide that any Award shall become  immediately
exercisable in full or in part, free of some or all  restrictions or conditions,
or otherwise realizable in full or in part, as the case may be.

     (i) Performance Conditions.

          (1) This Section 10(i) shall be administered  by a Committee  approved
by the Board, all of the members of which are "outside  directors" as defined by
Section 162(m) (the "Section 162(m) Committee").

          (2)  Notwithstanding  any other  provision of the Plan, if the Section
162(m) Committee determines, at the time a Restricted Stock Award or Other Stock
Unit Award is granted to a Participant,  that such  Participant is, or is likely
to be as of the end of the tax  year in  which  the  Company  would  claim a tax
deduction  in  connection  with such Award,  a Covered  Employee  (as defined in
Section 162(m)), then the Section 162(m) Committee may provide that this Section
10(i) is applicable to such Award.
<PAGE>
                                       13

          (3) If a  Restricted  Stock Award or Other Stock Unit Award is subject
to this  Section  10(i),  then  the  lapsing  of  restrictions  thereon  and the
distribution of cash or Shares pursuant thereto, as applicable, shall be subject
to the achievement of one or more objective performance goals established by the
Section  162(m)  Committee,  which  shall be based on the  relative  or absolute
attainment of specified  levels of one or any combination of the following:  (a)
earnings per share,  (b) return on average  equity or average assets in relation
to a peer group of  companies  designated  by the  Company,  (c)  earnings,  (d)
earnings growth, (e) earnings before interest,  taxes and amortization  (EBITA),
(f) operating income, (g) operating  margins,  (h) revenues,  (i) expenses,  (j)
stock price, (k) market share, (l) chargeoffs,  (m) reductions in non-performing
assets,  (n)  return on sales,  assets,  equity or  investment,  (o)  regulatory
compliance,  (p) satisfactory  internal or external  audits,  (q) improvement of
financial  ratings,  (r)  achievement  of  balance  sheet  or  income  statement
objectives,  (s) net cash provided from continuing  operations,  (t) stock price
appreciation,  (u) total  shareholder  return,  (v) cost control,  (w) strategic
initiatives,  (x) net  operating  profit  after tax,  (y)  pre-tax or  after-tax
income,  (z) cash flow, or (aa) such other  objective  goals  established by the
162(m)  Committee,  and may be absolute in their terms or measured against or in
relationship to other  companies  comparably,  similarly or otherwise  situated.
Such  performance  goals  may be  adjusted  to  exclude  any  one or more of (i)
extraordinary items and other unusual or non-recurring  items, (ii) discontinued
operations,   (iii)  gains  or  losses  on  the   dispositions  of  discontinued
operations, (iv) the cumulative effects of changes in accounting principles, (v)
the   writedown  of  any  asset,   and  (vi)  charges  for   restructuring   and
rationalization programs. Such performance goals may vary by Participant and may
be different for different Awards. Such performance goals may be particular to a
Participant or the  department,  branch,  line of business,  subsidiary or other
unit in  which  the  Participant  works  and may  cover  such  period  as may be
specified by the Section 162(m)  Committee.  Such performance goals shall be set
by the Section 162(m) Committee within the time period  prescribed by, and shall
otherwise comply with the requirements of, Section 162(m).

          (4)  Notwithstanding  any  provision of the Plan,  with respect to any
Restricted Stock Award or Other Stock Unit Award that is subject to this Section
10(i), the Section 162(m) Committee may adjust downwards,  but not upwards,  the
cash or number of Shares payable  pursuant to such Award, and the Section 162(m)
Committee may not waive the  achievement  of the  applicable  performance  goals
except in the case of the death or disability of the Participant.

          (5) The Section 162(m)  Committee  shall have the power to impose such
other  restrictions  on  Awards  subject  to this  Section  10(i) as it may deem
necessary or appropriate to ensure that such Awards satisfy all requirements for
"performance-based  compensation"  within the meaning of Section 162(m)(4)(C) of
the Code, or any successor provision thereto.

11.  Miscellaneous

     (a) No Right To Employment or Other Status.  No person shall have any claim
or right to be  granted  an  Award,  and the  grant  of an  Award  shall  not be
construed as giving a Participant the right to continued employment or any other
relationship with the Company.  The Company expressly  reserves the right at any
time to dismiss or otherwise  terminate its relationship with a

<PAGE>
                                       14

Participant free from any liability or claim under the Plan, except as expressly
provided in the applicable Award.

     (b) No Rights As  Stockholder.  Subject to the provisions of the applicable
Award,  no  Participant  or  Designated  Beneficiary  shall have any rights as a
stockholder  with respect to any shares of Common Stock to be  distributed  with
respect  to  an  Award  until   becoming  the  record  holder  of  such  shares.
Notwithstanding  the foregoing,  in the event the Company effects a split of the
Common  Stock by means of a stock  dividend  and the  exercise  price of and the
number of shares  subject  to such  Option  are  adjusted  as of the date of the
distribution  of the  dividend  (rather  than as of the  record  date  for  such
dividend),  then an optionee who exercises an Option between the record date and
the distribution  date for such stock dividend shall be entitled to receive,  on
the  distribution  date, the stock dividend with respect to the shares of Common
Stock  acquired upon such Option  exercise,  notwithstanding  the fact that such
shares were not  outstanding  as of the close of business on the record date for
such stock dividend.

     (c) Effective Date and Term of Plan. The Plan shall become effective on the
date on which it is adopted by the Board, but no Award may be granted unless and
until the Plan has been approved by the Company's stockholders.  No Awards shall
be granted  under the Plan after the  completion of 10 years from the earlier of
(i) the date on which  the Plan was  adopted  by the  Board or (ii) the date the
Plan was approved by the Company's  stockholders,  but Awards previously granted
may extend beyond that date.

     (d) Amendment of Plan.  The Board may amend,  suspend or terminate the Plan
or any portion thereof at any time;  provided that (i) to the extent required by
Section  162(m),  no Award granted to a  Participant  that is intended to comply
with Section 162(m) after the date of such amendment  shall become  exercisable,
realizable  or  vested,  as  applicable  to such  Award,  unless  and until such
amendment shall have been approved by the Company's  stockholders if required by
Section  162(m)  (including  the vote required  under Section  162(m));  (ii) no
amendment  that would require  stockholder  approval  under the rules of the New
York  Stock  Exchange  ("NYSE")  may be made  effective  unless  and until  such
amendment shall have been approved by the Company's  stockholders,  and (iii) if
the NYSE  amends  its  corporate  governance  rules so that such rules no longer
require  stockholder  approval of "material  revisions"  to equity  compensation
plans,  then,  from and after the effective  date of such  amendment to the NYSE
rules,  no amendment to the Plan (A) materially  increasing the number of shares
authorized under the Plan, (B) expanding the types of Awards that may be granted
under the Plan, (C) materially  expanding the class of participants  eligible to
participate in the Plan, or (D) deleting or limiting any provisions  prohibiting
repricing of options shall be effective unless stockholder approval is obtained.
In  addition,  if at any time the  approval  of the  Company's  stockholders  is
required as to any other modification or amendment under Section 422 of the Code
or any successor  provision with respect to Incentive  Stock Options,  the Board
may not effect such modification or amendment without such approval.

     (e)  Provisions  for  Foreign  Participants.  The Board may  modify  Awards
granted to Participants who are foreign nationals or employed outside the United
States  or  establish  subplans  or  procedures  under  the  Plan  to  recognize
differences in laws, rules, regulations or customs of such foreign jurisdictions
with respect to tax, securities, currency, employee benefit or other matters.
<PAGE>
                                       15

     (f) Compliance  With Code Section 409A. No Award shall provide for deferral
of compensation  that does not comply with Section 409A of the Code,  unless the
Board,  at the  time of  grant,  specifically  provides  that  the  Award is not
intended to comply with Section 409A of the Code.

     (g) Governing Law. The provisions of the Plan and all Awards made hereunder
shall be governed by and interpreted in accordance with the laws of the State of
Delaware, without regard to any applicable conflicts of law.

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