Document:

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                                                                   EXHIBIT 10.22

                                 EQUIFAX INC.

                    KEY MANAGEMENT LONG-TERM INCENTIVE PLAN

                           Effective January 1, 2000

                                   ARTICLE I

                                    Purpose

The purpose of the plan is to provide long-term incentive compensation to
Eligible Executives of Equifax Inc. and/or its subsidiaries who make substantial
contributions to the success of their employers, to provide a means for such
Eligible Executives to participate in such success, and to assist in attracting
and retaining the highest quality individuals in key executive positions. This
plan, which is effective January 1, 2000, supersedes and replaces all long-term
cash incentive plans previously adopted by the Company for such persons, except
with respect to any awards made but not earned prior to January 1, 2000.

                                  ARTICLE II

                                  Definitions

The following words and phrases shall have the respective meanings set forth
below (unless the context indicates otherwise).

(A)  "Approval of Shareholders" shall mean the affirmative vote of the holders
of at least a majority of the shares of common stock of the Company then
outstanding.

(B)  "Award" shall mean the stated cash amount(s) to which Participants will be
entitled upon achievement of goals based on Management Objectives established at
the time the Award is granted.

(C)  "Committee" shall mean the Compensation and Human Resources Committee of
the Company's Board of Directors, as the same from time to time may be
constituted.

(D)  "Common Stock" means the Common Stock, $1.25 par value per share, of the
Company.

(E)  "Company" shall mean Equifax Inc.

(F)  "Eligible Executive" shall mean Equifax Inc. elected officers and any other
key management personnel of Equifax Inc. or a subsidiary or division of Equifax
Inc. as determined by the Committee, from time to time, including any officer
who is a Director. An Eligible Executive shall not include an officer who is not
a full-time employee, even though said officer is a Director, except that a
person who was an Eligible Executive and a Director immediately prior to

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his retirement as an employee of the Company shall continue to be an Eligible
Executive so long as he retains his position as an officer and Director.

(G)  "Employer" shall mean Equifax Inc. or the subsidiary or affiliate by whom
the Participant is employed at the time in question.

(H)  "Management Objective" shall mean specified levels of, or growth in, one or
more of the following criteria:

     (1)  earnings per share;

     (2)  economic value added;

     (3)  revenue;

     (4)  operating profit;

     (5)  net income;

     (6)  total return to shareholders;

     (7)  cash flow/net assets ratio;

     (8)  debt/capital ratio;

     (9)  return on total capital;

     (10) return on equity; and

     (11) common stock price.

If the Committee makes an Award subject to a particular Management Objective,
the Committee shall adopt or confirm a written definition of that Management
Objective at the time of the Award. Management Objectives may be described in
terms of Company-wide objectives or objectives that are related to a specific
division, subsidiary, Employer, department, region, or function in which the
Participant is employed. Management Objectives may be made relative to the
performance of other corporations.

(I)  "Measurement Period:" Management Objectives may be calculated on the basis
of a single year, cumulatively for a stated number of years, as an average over
a stated number of years, or otherwise, as determined by the Committee at the
time the Management Objective is established, which shall be the "Measurement
Period."

(J)  "Participant" means any Eligible Executive to whom an Award has been
granted but not yet paid pursuant to this Plan.

(K)  "Plan" means this Equifax Inc. Key Management Long-Term Incentive Plan.

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                                  ARTICLE III

                                  Eligibility

All Eligible Executives, as determined by the Committee, from time to time,
shall be eligible for participation in this Plan.

                                  ARTICLE IV

                          Selection of Participants,
                              Grant of Awards and
                            Administration of Plan

The Committee shall determine, from time to time, those officers who are to be
granted Awards pursuant to Article V below. This Plan shall be administered by
the Committee, and the Committee shall (1) construe and interpret the Plan, and
(2) make such reasonable rules and regulations for the administration of the
Plan as it deems advisable. Any determination by the Committee in administering,
interpreting or construing the Plan in accordance with this Article shall be
final, binding and conclusive for all purposes and upon all interested persons.

                                   ARTICLE V

                               Grants of Awards
                        Effective Date and Termination

Subject to the provisions below, the maximum Award granted to any Participant in
any fiscal year of the Company shall not exceed $5,000,000. Subject to the
approval of the shareholders of the Company, this Plan shall become effective
for the year commencing January 1, 2000. No Awards may be granted under this
Plan after the tenth (10th) anniversary of the approval of this Plan by the
shareholders of the Company.

                                  ARTICLE VI

                          Right to Receive Cash Award
                         Conversion to Equity Interest

(A) Subject to the provisions of Article V, the Participant shall be entitled to
receive the cash to which his Award entitles him as soon as practical after the
end of the Measurement Period with respect to that Award; provided, however,
that:

     (1)  Each Award granted under the Plan shall be forfeited and canceled in
     all respects, and no cash shall be delivered or paid to the Participant
     thereof, in the event that:

          (a)  The employment of the Participant by the Employer is terminated,
          either voluntarily or involuntarily, by the Employer or the
          Participant, for any reason whatsoever (subject to the provisions of
          Article VII hereof) prior to the end of the Measurement Period for
          that Award;

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          (b)  The employment status of the Participant has changed prior to the
          end of the Measurement Period for that Award so that the Participant
          is no longer an Eligible Executive; or

          (c)  The Management Objective for the Measurement Period for such
          Award is less than the minimum stated in the Award.

     (2)  A portion, or all, of each Award shall be forfeited and canceled in
     all respects, and no cash shall be delivered or paid with respect to the
     portion of such Award so forfeited and canceled, in the event that the
     aggregate Management Objective for the Measurement Period with respect to
     the Award is not at least equal to a minimum stated in the Award.

     (3)  The Committee shall establish, for each Measurement Period, the goals
     based on one or more Management Objectives. These goals will be established
     on or before the date any Award relating to said Measurement Period is
     granted. The goals will be established with consideration given to the
     economic conditions existing at the time said goals are established. A
     portion, or all, of each Award shall be forfeited and canceled in all
     respects, and no cash shall be delivered or paid with respect to the
     portion of such Award so forfeited and canceled, in the event that the
     goals established for the Measurement Period are not achieved, all as
     prescribed by the Committee. The Committee shall deliver to each
     Participant written notice of the goals established for the Measurement
     Period to which said Award relates, along with the forfeiture provisions
     relating to said Award. Even though performance goals established for each
     Measurement Period are met or exceeded, the Committee shall have the
     discretion, as to each Participant, to reduce the amount of an Award that
     would otherwise be paid or to determine that no portion should be paid. The
     Committee may not increase the amount of an Award that would otherwise be
     paid.

     (4)  Nothing contained in this Article VI or elsewhere in this Plan shall
     eliminate, impair or otherwise affect the right of the Employer to
     terminate or change the employment of any Eligible Executive at any time,
     and the grant of an Award to any such Eligible Executive shall not be
     deemed to, and shall not, result in any agreement, expressed or implied, by
     the Employer to retain such person in any specific position or in its
     employ for the duration of the Measurement Period with respect to such
     Award or for any other period.

     (5)  Subject to the provisions of this paragraph, the terms of an Award may
     provide, if the Committee so directs in each instance, that each
     Participant may elect, by delivering written notice of such election to the
     Secretary of the Company during the period defined below, to surrender his
     or her right to receive up to the full value of the Award that would
     otherwise be paid to the Participant at the end of the Measurement Period,
     in exchange for the right to receive an equity interest as described below.
     In order to be effective, such written notice of election must be delivered
     to the Secretary of the Company during a period beginning on the third
     business day following release for publication (in the manner hereinafter
     set forth) of the Company's quarterly statements of sales and earnings for
     the final fiscal quarter ending within the

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     Measurement Period and ending on the twelfth business day following said
     release for publication. Any such election shall be subject to the right of
     the Committee to disapprove the same, in whole or in part, at any time
     after such election but prior to the issuance of cash with respect to the
     particular Award in accordance with the provisions of this Plan. In the
     event of the death, disability or retirement of a Participant, at any time
     during the Measurement Period to which an Award relates, the Award shall be
     distributed as provided in Article VII hereof regardless of any election
     made by such Participant. The release for publication of the Company's
     quarterly statements as referred to in the second sentence of this
     paragraph shall be deemed to have been made at the time such data appears
     (i) on a wire service, (ii) in a financial news service, (iii) in a
     newspaper of general circulation or (iv) is otherwise made publicly
     available. For purposes of this paragraph, the determination of the
     appropriate equity interest into which the cash award is converted shall be
     made based on rules adopted by the Committee and uniformly applied, and
     said rules shall be adopted prior to or at the time of the grant of the
     Award in question, and the aggregate value of the cash portion and the
     value of the equity interest for any individual, determined at the date of
     grant, shall not exceed the maximum referred to in Article V. The equity
     interest may be an option for purchase of Common Stock, restricted shares
     of Common Stock, or any other equity interest determined by the Committee.
     The equity interest may be issued by the Committee on its own action or
     pursuant to the Company's 2000 Stock Incentive Plan.

                                  ARTICLE VII

             Death, Disability or Retirement of Eligible Executive
                      or Change in Control of the Company

(A)  In the event of the termination of employment with the Employer during any
Measurement Period of any Participant by reason of the death or disability or
retirement of such Participant, the Committee may, but shall not be obligated
to, waive the continuation of the employment requirement set forth in paragraph
(A)(1)(a) of Article VI above. In the event that such requirement is waived,
such Participant or his estate, as the case may be, will be entitled to receive
an Award in cash equivalent to a pro rata portion of the amount which said
Participant would have received, if the employment of such Participant had
continued through the Measurement Period for such Award. For purposes of Article
VI and this Article VII, a Participant shall not be deemed to have terminated
his employment although he retires from said employment, if he continues to
serve as an elected officer of Equifax Inc. or a subsidiary of the Company and
to serve as a Director of Equifax Inc.; said Eligible Executive shall be deemed
to have terminated his employment when his term of office expires and he is not
re-elected thereto, or when he is removed or resigns from office, if earlier.

(B)  This pro rata portion shall be computed as follows:

     The cash Award which would have been earned based on the level of actual
     achievement of the Management Objective at the end of the Measurement
     Period will be multiplied by a fraction, the numerator of which shall be
     the number of full calendar months during the Measurement Period prior to
     the Participant's death, disability or retirement, and the denominator of
     which shall be the number of full calendar months contained in the complete
     Measurement Period.

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(C)  In the event of the termination of employment with the Employer of any
Participant after completing a Measurement Period, but before distribution of
his Award is made, such Participant or his estate, as the case may be, will be
entitled to receive the Award to the same extent, in the same manner and at the
same time as if the employment of such Eligible Executive had not terminated,
except that if the Participant has directly or indirectly engaged in any
activity that is harmful to the Company or the Employer, as determined by the
Committee in its sole discretion (including without limitation the disclosure or
misuse of any confidential information or trade secrets of the Company or the
Employer), then Participant shall forfeit any entitlement to such Award.

(D)  If there is a "change in control of the Company," as hereinafter defined,
during any Measurement Period, then, notwithstanding any other provision of this
Plan to the contrary, any Participant holding any Award shall be irrevocably
entitled to receive an amount in cash which is equal to (i) the target award if
the change in control occurs during the first measurement year, or (ii) 150% of
the target award if the change in control occurs after said first year (but no
less than the projected payout determined on the effective date of the change in
control if the change in control occurs during the last three months of the
Measurement Period). Such payment will be made within sixty (60) days following
the change in control of the Company.

(E)  For purposes of this Article VII, a "change in control of the Company"
shall be deemed to have occurred upon the occurrence of any of the following
events:

     (1)  Voting Stock Accumulations. The accumulation by any Person of
     Beneficial Ownership of twenty percent (20%) or more of the combined voting
     power of the Company's Voting Stock; provided that for purposes of this
     Article VII(E)(1), a Change in Control will not be deemed to have occurred
     if the accumulation of twenty percent (20%) or more of the voting power of
     the Company's Voting Stock results from any acquisition of Voting Stock (i)
     directly from the Company that is approved by the Incumbent Board, (ii) by
     the Company, (iii) by any employee benefit plan (or related trust)
     sponsored or maintained by the Company or any Subsidiary, or (d) by any
     Person pursuant to a Business Combination that complies with clauses (i),
     (ii) and (iii) of subparagraph VII(E)(2); or

     (2)  Business Combinations. Consummation of a Business Combination, unless,
     immediately following that Business Combination, (i) all or substantially
     all of the Persons who were the beneficial owners of Voting Stock of the
     Company immediately prior to that Business Combination beneficially own,
     directly or indirectly, more than sixty-six and two-thirds percent (66
     2/3%) of the then outstanding shares of common stock and the combined
     voting power of the then outstanding voting securities entitled to vote
     generally in the election of Directors of the entity resulting from that
     Business Combination (including, without limitation, an entity that as a
     result of that transaction owns the Company or all or substantially all of
     the Company's assets either directly or through one or more subsidiaries)
     in substantially the same proportions relative to each other as their
     ownership, immediately prior to that Business Combination, of the Voting
     Stock of the Company, (ii) no Person (other than the Company, that entity
     resulting from that Business Combination, or any employee benefit plan (or
     related trust) sponsored or maintained by the Company, any Eighty Percent
     (80%) Subsidiary or that entity resulting from that Business Combination)
     beneficially owns, directly or indirectly, twenty percent (20%) or more of
     the then

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     outstanding shares of common stock of the entity resulting from that
     Business Combination or the combined voting power of the then outstanding
     voting securities entitled to vote generally in the election of directors
     of that entity, and (iii) at least a majority of the members of the Board
     of Directors of the entity resulting from that Business Combination were
     members of the Incumbent Board at the time of the of the action of the
     Board of Directors providing for that Business Combination; or

     (3)  Sale of Assets. A sale or other disposition of all or substantially
     all of the assets of the Company; or

     (4)  Liquidations or Dissolutions. Approval by the shareholders of the
     Company of a complete liquidation or dissolution of the Company, except
     pursuant to a Business Combination that complies with clauses (i), (ii) and
     (iii) of subparagraph (E)(2) of this Article VII.

For purposes of this Article VII, the following definitions will apply:

     "Beneficial Ownership" means beneficial ownership as that term is used in
     Rule 13d-3 promulgated under the Exchange Act.

     "Business Combination" means a reorganization, merger or consolidation of
     the Company.

     "Eighty Percent (80%) Subsidiary" means an entity in which the Company
     directly or indirectly beneficially owns eighty percent (80%) or more of
     the outstanding Voting Stock.

     "Exchange Act" means the Securities Exchange Act of 1934, including
     amendments, or successor statutes of similar intent.

     "Incumbent Board" means a Board of Directors at least a majority of whom
     consist of individuals who either are (a) members of the Company's Board of
     Directors as of January 1, 2000, or (b) members who become members of the
     Company's Board of Directors subsequent to January 1, 2000, whose election,
     or nomination for election by the Company's shareholders, was approved by a
     vote of at least two-thirds (/2//3) of the directors then comprising the
     Incumbent Board (either by a specific vote or by approval of the proxy
     statement of the Company in which that person is named as a nominee for
     director, without objection to that nomination), but excluding, for that
     purpose, any individual whose initial assumption of office occurs as a
     result of an actual or threatened election contest (within the meaning of
     Rule 14a-11 of the Exchange Act) 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 of Directors.

     "Person" means any individual, entity or group (within the meaning of
     Section 13(d)(3) or 14 (d)(2) of the Exchange Act).

     "Voting Stock" means the then outstanding securities of an entity entitled
     to vote generally in the election of members of that entity's Board.

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     "Disability" means permanently and totally disabled as defined in Code
     Section 22(e)(3).

                                 ARTICLE VIII

                           Nonalienation of Benefits

Neither the Award nor any other right or benefit under this Plan shall be
subject to anticipation, alienation, sale, assignment, pledge, encumbrance or
charge, and any attempt to anticipate, alienate, sell, assign, pledge, encumber
or charge the same shall be void and shall not be recognized or given effect by
the Company.

                                  ARTICLE IX

                             Certificates of Award

The Company shall execute and deliver to each Participant to whom an Award is
granted a certificate, in the form prescribed by the Committee, evidencing such
Award and stating the date thereof and cash amount that is the subject of the
Award.

                                   ARTICLE X

                 Amendment, Suspension or Termination of Plan

The Board of Directors of the Company may amend, suspend or terminate this Plan
in whole or in part at any time; provided that no such amendment, suspension or
termination shall adversely affect the rights of the holders of any Award then
outstanding.

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                                                                   EXHIBIT 10.23

                                 EQUIFAX INC.

                           2000 Stock Incentive Plan

1. Purpose. The purpose of the 2000 Stock Incentive Plan is to attract and
retain directors, officers and other key employees for Equifax Inc., a Georgia
corporation and its Subsidiaries and to provide those persons with incentives
and rewards for superior performance.

2. Definitions. As used in this Plan,

"Appreciation Right" means a right granted pursuant to Section 5 of this Plan,
and shall include both Tandem Appreciation Rights and Free-Standing Appreciation
Rights.

"Base Price" means the price to be used as the basis for determining the Spread
upon the exercise of a Free-Standing Appreciation Right and a Tandem
Appreciation Right.

"Board" means the Board of Directors of Equifax Inc.

"Change in Control" shall have the meaning provided in Section 11 of this Plan.

"Code" means the Internal Revenue Code of 1986, as amended from time to time.

"Committee" means the Equifax Inc. Compensation and Human Resources Committee of
the Board, or any successor committee to which the responsibilities of that
Committee are assigned.

"Common Shares" means the Common Shares, par value $1.25 per share, of the
Company or any security into which such Common Shares may be changed by reason
of any transaction or event of the type referred to in Section 10 of this Plan.

"Company" means Equifax Inc., a Georgia corporation.

"Covered Employee" means a Participant who is, or is determined by the Board to
be likely to become, a "covered employee" within the meaning of Section 162(m)
of the Code (or any successor provision).

"Date of Grant" means the date specified by the Board on which a grant of Option
Rights or Appreciation Rights, or a grant or sale of Restricted Shares or
Deferred Shares shall become effective (which date shall not be earlier than the
date on which the Board takes action with respect thereto).

"Deferral Period" means the period of time during which Deferred Shares are
subject to deferral limitations under Section 7 of this Plan.

"Deferred Shares" means an award made pursuant to Section 7 of this Plan of the
right to receive Common Shares at the end of a specified Deferral Period.

"Director" means a member of the Board of Directors of the Company.

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"Exchange Act" means the Securities Exchange Act of 1934, as amended, and the
rules and regulations thereunder, as such law, rules and regulations may be
amended from time to time, including any successor statutes of similar intent.

"Free-Standing Appreciation Right" means an Appreciation Right granted pursuant
to Section 5 of this Plan that is not granted in tandem with an Option Right.

"Immediate Family" has the meaning ascribed thereto in Rule 16a-1(e) under the
Exchange Act (or any successor rule to the same effect).

"Incentive Stock Options" means Option Rights that are intended to qualify as
"incentive stock options" under Section 422 of the Code or any successor
provision.

"Management Objectives" means the measurable performance objective or objectives
established pursuant to this Plan for Participants who have received grants of
Option Rights, Appreciation Rights, Restricted Shares and dividend credits
pursuant to this Plan, which are subject to the achievement of Management
Objectives. Management Objectives may be described in terms of Company-wide
objectives or objectives that are related to the performance of the individual
Participant or of the Subsidiary, division, department, region or function
within the Company or Subsidiary in which the Participant is employed. The
Management Objectives may be made relative to the performance of other
corporations. The Management Objectives applicable to any award to a Covered
Employee shall be based on specified levels of, or growth in, one or more of the
following criteria, as determined for a single year, or cumulatively for a
stated number of years, or as an average over a stated number of years, or
otherwise as determined by the Committee at the time the Management Objective is
established:

     1.  earnings per share;

     2.  economic value added;

     3.  revenue;

     4.  operating profit;

     5.  net income;

     6.  total return to shareholders;

     7.  cash flow/net assets ratio;

     8.  debt/capital ratio;

     9.  return on total capital;

     10. return on equity; and

     11. common stock price.

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If the Committee determines that a change in the business, operations, corporate
structure or capital structure of the Company, or the manner in which it
conducts its business, or other events or circumstances render the Management
Objectives unsuitable, the Committee may in its discretion modify such
Management Objectives or the related minimum acceptable level of achievement, in
whole or in part, as the Committee deems appropriate and equitable, except in
the case of a Covered Employee where such action would result in the loss of the
otherwise available exemption of the award under Section 162(m) of the Code. In
such case, the Committee shall not make any modification of the Management
Objectives or minimum acceptable level of achievement unless the Committee
specifically acknowledges that effect.

"Market Value per Share" means, (i) the closing sale price per Common Share as
reported on the principal exchange on which Common shares are then trading, if
any, or, if applicable, the NASDAQ National Market System, on the Date of Grant,
or if there are no sales on such day, on the next preceding trading day during
which a sale occurred, or (ii) if clause (i) does not apply, the fair market
value of the Common Shares as determined by the Board.

"Non-Employee Director" means a Director who is not an employee of the Company
or any Subsidiary.

"Optionee" means the optionee named in an agreement evidencing an outstanding
Option Right.

"Option Price" means the purchase price payable on exercise of an Option Right.

"Option Right" means the right to purchase Common Shares upon exercise of an
option granted pursuant to Section 4 or Section 8 of this Plan.

"Participant" means a person who is selected by the Committee to receive
benefits under this Plan and who is at the time an officer, or other key
employee of the Company or any one or more of its Subsidiaries, or who has
agreed to commence serving in any of such capacities within 60 days of the Date
of Grant, and shall also include each Non-Employee Director who receives an
award of Option Rights or Restricted Shares.

"Plan" means this Equifax Inc. 2000 Stock Incentive Plan, as it may be amended
from time to time.

"Reload Option Rights" means additional Option Rights granted automatically to
an Optionee upon the exercise of Option Rights pursuant to Section 4(f) of this
Plan.

"Restricted Shares" means Common Shares granted or sold pursuant to Section 6 or
Section 8 of this Plan as to which neither the substantial risk of forfeiture
nor the prohibition on transfers referred to in Section 6 has expired.

"Rule 16b-3" means Rule 16b-3 under the Exchange Act (or any successor rule to
the same effect) as in effect from time to time.

"Spread" means the excess of the Market Value per Share on the date when an
Appreciation Right is exercised, or on the date when Option Rights are
surrendered in payment of the Option

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Price of other Option Rights, over the Option Price or Base Price provided for
in the related Option Right or Free-Standing Appreciation Right, respectively.

"Subsidiary" means a corporation, company or other entity (i) more than 50
percent of whose outstanding shares or securities (representing the right to
vote for the election of directors or other managing authority) are, or (ii)
which does not have outstanding shares or securities (as may be the case in a
partnership, joint venture or unincorporated association), but more than 50
percent of whose ownership interest representing the right generally to make
decisions for such other entity is, now or hereafter, owned or controlled,
directly or indirectly, by the Company, except that for purposes of determining
whether any person may be a Participant for purposes of any grant of Incentive
Stock Options, "Subsidiary" means any corporation in which, at the time of the
grant, the Company owns or controls, directly or indirectly, more than 50
percent of the total combined voting power represented by all classes of stock
issued by such corporation.

"Tandem Appreciation Right" means an Appreciation Right granted pursuant to
Section 5 of this Plan that is granted in tandem with an Option Right.

"Voting Power" means at any time, the total votes relating to the then-
outstanding securities entitled to vote generally in the election of Directors.

3. Shares Available Under the Plan. (a) Subject to adjustment as provided in
Section 3(b) and Section 10 of this Plan, the number of Common Shares that may
be issued or transferred (i) upon the exercise of Option Rights or Appreciation
Rights, (ii) as Restricted Shares and released from substantial risks of
forfeiture thereof, (iii) as Deferred Shares, (iv) as awards to Non-Employee
Directors or in payment of dividend equivalents paid with respect to awards made
under the Plan shall not exceed in the aggregate 1,500,000 Common Shares, plus
any shares described in Section 3(b). Such shares may be shares of original
issuance or treasury shares or a combination of the foregoing.

(b) The number of shares available in Section 3(a) above shall be adjusted to
account for shares relating to awards that expire, are forfeited or are
transferred, surrendered or relinquished upon the payment of any Option Price by
the transfer to the Company of Common Shares or upon satisfaction of any
withholding amount. Upon payment in cash of the benefit provided by any award
granted under this Plan, any shares that were covered by that award shall again
be available for issue or transfer hereunder. In addition to these adjustments,
commencing on January 1, 2001, and on each January 1, thereafter ending on
January 1, 2007, an additional number of Common Shares shall be added to the
total available under Section 3(a), equal to one percent (1%) of the number of
Common Shares issued and outstanding on that date.

(c) Notwithstanding anything in this Section 3, or elsewhere in this Plan, to
the contrary and subject to adjustment as provided in Section 10 of this Plan,
the aggregate number of Common Shares actually issued or transferred by the
Company upon the exercise of Incentive Stock Options shall not exceed 1,000,000
Common Shares per year for each calendar year or portion thereof in which this
Plan exists prior to the date determined according to Section 17, and Incentive
Stock Options shall not be issued for more than 1,000,000 Common Shares during
any such year. No Participant shall be granted Option Rights and Appreciation
Rights, in the aggregate, for more than 750,000 Common Shares during any period
of one calendar year; the number of shares issued as Restricted Shares shall not
in the aggregate exceed 500,000 Common Shares; and no Non-Employee Director
shall be granted Option Rights, Appreciation

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Rights and Restricted Shares, in the aggregate, for more than 100,000 Common
Shares during any calendar year.

4. Option Rights. The Committee may, from time to time and upon such terms and
conditions as it may determine, authorize the granting to Participants of
options to purchase Common Shares. Each such grant may utilize any or all of the
authorizations, and shall be subject to all of the requirements contained in the
following provisions:

   (a) Each grant shall specify the number of Common Shares to which it pertains
   subject to the limitations set forth in Section 3 of this plan.

   (b) Each grant shall specify an Option Price per share, which may not be less
   than the Market Value per Share on the Date of Grant.

   (c) Each grant shall specify whether the Option Price shall be payable (i) in
   cash or by check acceptable to the Company, (ii) by the actual or
   constructive transfer to the Company of Common Shares owned by the Optionee
   for at least 6 months (or other consideration authorized pursuant to Section
   4(d)) having a value at the time of exercise equal to the total Option Price,
   or (iii) by a combination of such methods of payment.

   (d) The Committee may determine, at or after the Date of Grant, that payment
   of the Option Price of any Option Right (other than an Incentive Stock
   Option) may also be made in whole or in part in the form of Restricted Shares
   or other Common Shares that are forfeitable or subject to restrictions on
   transfer, Deferred Shares, (based, in each case, on the Market Value per
   Share on the date of exercise), or other Option Rights (based on the Spread
   on the date of exercise). Unless otherwise determined by the Committee at or
   after the Date of Grant, whenever any Option Price is paid in whole or in
   part by means of any of the forms of consideration specified in this Section
   4(d), the Common Shares received upon the exercise of the Option Rights shall
   be subject to such risks of forfeiture or restrictions on transfer as may
   correspond to any that apply to the consideration surrendered, but only to
   the extent, determined with respect to the consideration surrendered, of (i)
   the number of shares, or (ii) the Spread of any unexercisable portion of
   Option Rights.

   (e) Any grant may provide for deferred payment of the Option Price from the
   proceeds of sale through a bank or broker on a date satisfactory to the
   Company of some or all of the shares to which such exercise relates.

   (f) Any grant may, at or after the Date of Grant, provide for the automatic
   grant of Reload Option Rights to an Optionee upon the exercise of Option
   Rights (including Reload Option Rights) using Common Shares or other
   consideration specified in Section 4(d). Reload Option Rights shall cover up
   to the number of Common Shares, Deferred Shares, or Option Rights surrendered
   to the Company upon any such exercise in payment of the Option Price or to
   meet any withholding obligations. Reload Options may not have an Option Price
   that is less than the applicable Market Value per Share at the time of
   exercise and shall be on such other terms as may be specified by the
   Committee, which may be the same as or different from those of the original
   Option Rights.

   (g) Successive grants may be made to the same Participant whether or not any
   Option Rights previously granted to such Participant remain unexercised.

                                       5
<PAGE>

   (h) Each grant shall specify the period or periods of continuous service by
   the Optionee with the Company or any Subsidiary that is necessary before the
   Option Rights or installments thereof will become exercisable and may provide
   for the earlier exercise of such Option Rights in the event of a Change in
   Control.

   (i) Any grant of Option Rights may specify Management Objectives that must be
   achieved as a condition to the exercise of such rights.

   (j) Option Rights granted under this Plan may be (i) options, including,
   without limitation, Incentive Stock Options that are intended to qualify
   under particular provisions of the Code, (ii) options that are not intended
   so to qualify, or (iii) combinations of the foregoing.

   (k) The Committee may, at or after the Date of Grant of any Option Rights
   (other than Incentive Stock Options), provide for the payment of dividend
   equivalents to the Optionee on either a current or deferred or contingent
   basis or may provide that such equivalents shall be credited against the
   Option Price.

   (l) The exercise of an Option Right shall result in the cancellation on a
   share-for-share basis of any Tandem Appreciation Right authorized under
   Section 5 of this Plan.

   (m) No Option Right shall be exercisable more than 10 years from the Date of
   Grant.

   (n) Each grant of Option Rights shall be evidenced by an agreement or other
   written notice from the Company by an officer and delivered to the Optionee
   and containing such terms and provisions, consistent with this Plan, as the
   Committee may approve.

5. Appreciation Rights. (a) The Committee may authorize the granting (i) to any
Optionee, of Tandem Appreciation Rights in respect of Option Rights granted
hereunder, and (ii) to any Participant, of Free-Standing Appreciation Rights. A
Tandem Appreciation Right shall be a right of the Optionee, exercisable by
surrender of the related Option Right, to receive from the Company an amount
determined by the Board, which shall be expressed as a percentage of the Spread
(not exceeding 100 percent) at the time of exercise. Tandem Appreciation Rights
may be granted at any time prior to the exercise or termination of the related
Option Rights; provided, however, that a Tandem Appreciation Right awarded in
relation to an Incentive Stock Option must be granted concurrently with such
Incentive Stock Option. A Free-Standing Appreciation Right shall be a right of
the Participant to receive from the Company an amount determined by the
Committee, which shall be expressed as a percentage of the Spread (not exceeding
100 percent) at the time of exercise.

(b) Each grant of Appreciation Rights may utilize any or all of the
authorizations, and shall be subject to all of the requirements, contained in
the following provisions:

    (i) Any grant may specify that the amount payable on exercise of an
    Appreciation Right may be paid by the Company in cash, in Common Shares or
    in any combination thereof and may either grant to the Participant or retain
    in the Committee the right to elect among those alternatives.

                                       6
<PAGE>

     (ii)  Any grant may specify that the amount payable on exercise of an
     Appreciation Right may not exceed a maximum specified by the Committee at
     the Date of Grant.

     (iii) Any grant may specify waiting periods before exercise and permissible
     exercise dates or periods.

     (iv)  Any grant may specify that such Appreciation Right may be exercised
     only in the event of, or earlier in the event of, a Change in Control.

     (v)   Any grant may provide for the payment to the Participant of dividend
     equivalents thereon in cash or Common Shares on a current, deferred or
     contingent basis.

     (vi)  Any grant of Appreciation Rights may specify Management Objectives
     that must be achieved as a condition of the exercise of such Rights.

     (vii) Each grant of Appreciation Rights shall be evidenced by an agreement
     executed on behalf of the Company by an officer and delivered to and
     accepted by the Participant, which agreement shall describe such
     Appreciation Rights, identify the related Option Rights (if applicable),
     state that such Appreciation Rights are subject to all the terms and
     conditions of this Plan, and contain such other terms and provisions,
     consistent with this Plan, as the Committee may approve.

(c)  Any grant of Tandem Appreciation Rights shall provide that such Rights may
be exercised only at a time when the related Option Right is also exercisable
and at a time when the Spread is positive, and by surrender of the related
Option Right for cancellation.

(d)  Regarding Free-standing Appreciation Rights only:

     (i)   Each grant shall specify in respect of each Free-standing
     Appreciation Right a Base Price, which shall be equal to or greater than
     the Market Value per Share on the Date of Grant;

     (ii)  Successive grants may be made to the same Participant regardless of
     whether any Free-standing Appreciation Rights previously granted to the
     Participant remain unexercised; and

     (iii) No Free-standing Appreciation Right granted under this Plan may be
     exercised more than 10 years from the Date of Grant.

6. Restricted Shares. The Committee may also authorize the grant or sale of
Restricted Shares to Participants. Each such grant or sale may utilize any or
all of the authorizations, and shall be subject to all of the requirements,
contained in the following provisions:

     (a)   Each such grant or sale shall constitute an immediate transfer of the
     ownership of Common Shares to the Participant in consideration of the
     performance of services, entitling such Participant to voting, dividend and
     other ownership rights, but subject to the substantial risk of forfeiture
     and restrictions on transfer hereinafter referred to.

                                       7
<PAGE>

     (b) Each such grant or sale may be made without additional consideration or
     in consideration of a payment by such Participant that is less than Market
     Value per Share at the Date of Grant.

     (c) Each such grant or sale shall provide that the Restricted Shares
     covered by such grant or sale shall be subject to a "substantial risk of
     forfeiture" within the meaning of Section 83 of the Code for a period of
     not less than two years to be determined by the Committee at the Date of
     Grant and may provide for the earlier lapse of such substantial risk of
     forfeiture in the event of a Change in Control.

     (d) Each such grant or sale shall provide that during the period for which
     such substantial risk of forfeiture is to continue, the transferability of
     the Restricted Shares shall be prohibited or restricted in the manner and
     to the extent prescribed by the Board at the Date of Grant (which
     restrictions may include, without limitation, rights of repurchase or first
     refusal in the Company or provisions subjecting the Restricted Shares to a
     continuing substantial risk of forfeiture in the hands of any transferee).

     (e) Any grant of Restricted Shares may specify Management Objectives that,
     if achieved, will result in termination or early termination of the
     restrictions applicable to such shares. Each grant may specify in respect
     of such Management Objectives a minimum acceptable level of achievement and
     may set forth a formula for determining the number of Restricted Shares on
     which restrictions will terminate if performance is at or above the minimum
     level, but falls short of full achievement of the specified Management
     Objectives.

     (f) Any grant or sale of Restricted Shares may require that any or all
     dividends or other distributions paid thereon during the period of such
     restrictions be automatically deferred and reinvested in additional
     Restricted Shares, which may be Subject to the same restrictions as the
     underlying award.

                                       8
<PAGE>

     (g) Each grant or sale of Restricted Shares shall be evidenced by an
     agreement executed on behalf of the Company by any officer and delivered to
     and accepted by the Participant and shall contain such terms and
     provisions, consistent with this Plan, as the Committee may approve. Unless
     otherwise directed by the Committee, all certificates representing
     Restricted Shares shall be held in custody by the Company until all
     restrictions thereon shall have lapsed, together with a stock power or
     powers executed by the Participant in whose name such certificates are
     registered, endorsed in blank and covering such Shares.

7. Deferred Shares. The Committee may also authorize the granting or sale of
Deferred Shares to Participants. Each such grant or sale may utilize any or all
of the authorizations, and shall be subject to all of the requirements contained
in the following provisions:

     (a) Each such grant or sale shall constitute the agreement by the Company
     to deliver Common Shares to the Participant in the future in consideration
     of the performance of services, but subject to the fulfillment of such
     conditions during the Deferral Period as the Committee may specify.

     (b) Each such grant or sale may be made without additional consideration or
     in consideration of a payment by such Participant that is less than the
     Market Value per Share at the Date of Grant.

     (c) Each such grant or sale shall be subject to a Deferral Period of not
     less than one year, as determined by the Committee at the Date of Grant,
     and may provide for the earlier lapse or other modification of such
     Deferral Period in the event of a Change in Control.

     (d) During the Deferral Period, the Participant shall have no right to
     transfer any rights under his or her award and shall have no rights of
     ownership in the Deferred Shares and shall have no right to vote them, but
     the Committee may, at or after the Date of Grant, authorize the payment of
     dividend equivalents on such Shares on either a current or deferred or
     contingent basis, either in cash or in additional Common Shares.

     (e) Each grant or sale of Deferred Shares shall be evidenced by an
     agreement executed on behalf of the Company by any officer and delivered to
     and accepted by the Participant and shall contain such terms and
     provisions, consistent with this Plan, as the Committee may approve.

8. Awards to Non-Employee Directors. The Committee may, from time to time and
upon such terms and conditions as it may determine, authorize the granting to
Non-Employee Directors of Option Rights and may also authorize the grant or sale
of Restricted Shares to Non-Employee Directors.

(a)  Each grant of Option Rights awarded pursuant to this Section 8 shall be
upon terms and conditions consistent with Section 4 of this Plan and shall be
evidenced by an agreement in such form as shall be approved by the Committee.
Each grant shall specify an Option Price per share, which shall not be less than
the Market Value per Share on the Date of Grant. Each such Option Right granted
under the Plan shall expire not more than 10 years from the Date of Grant and
shall be subject to earlier termination as hereinafter provided. Unless
otherwise determined by the Committee, such Option Rights shall be subject to
the following additional terms and conditions:

                                       9
<PAGE>

     (i)   Each grant shall specify the number of Common Shares to which it
     pertains subject to the limitations set forth in Section 3 of this plan.

     (ii)  In the event of the death or disability of the holder of any such
     Option Rights, each of the then outstanding vested Option Rights of such
     holder may be exercised at any time within a stated period after such death
     or disability, as provided in the grant, but in no event after the
     expiration date of the term of such Option Rights.

     (iii) If a Non-Employee Director subsequently becomes an employee of the
     Company or a Subsidiary while remaining a member of the Board, any Option
     Rights held under the Plan by such individual at the time of such
     commencement of employment shall not be affected thereby.

     (iv)  Option Rights may be exercised by a Non-Employee Director only upon
     payment to the Company in full of the Option Price of the Common Shares to
     be delivered. Such payment shall be made in cash or in Common Shares then
     owned by the optionee for at least six months, or in a combination of cash
     and such Common Shares.

     (v)   Any grant may provide for deferred payment of the Option Price from
     the proceeds of sale through a bank or broker on a date satisfactory to the
     Company of some or all of the shares to which such exercise relates.

(b)  Each grant or sale of Restricted Shares pursuant to this Section 8 shall be
upon terms and conditions consistent with Section 6 of this Plan.

9. Transferability. (a) Except as otherwise determined by the Committee, no
Option Right, Appreciation Right or other derivative security granted under the
Plan shall be transferable by a Participant other than by will or the laws of
descent and distribution. Except as otherwise determined by the Committee,
Option Rights and Appreciation Rights shall be exercisable during the Optionee's
lifetime only by him or her or by his or her guardian or legal representative.

(b)  The Committee may specify at the Date of Grant that part or all of the
Common Shares that are (i) to be issued or transferred by the Company upon the
exercise of Option Rights or Appreciation Rights, or upon the termination of the
Deferral Period applicable to Deferred Shares or (ii) no longer subject to the
substantial risk of forfeiture and restrictions on transfer referred to in
Section 6 of this Plan, shall be subject to further restrictions on transfer.

(c)  Notwithstanding the provisions of Section 9(a), the Committee may provide
that any grant of Option Rights (other than Incentive Stock Options),
Appreciation Rights, Restricted Shares, and Deferred Shares shall be
transferable by a Participant, without payment of consideration therefor by the
transferee, to any one or more members of the Participant's Immediate Family (or
to one or more trusts established solely for the benefit of one or more members
of the Participant's Immediate Family or to one or more partnerships in which
the only partners are members of the Participant's Immediate Family); provided,
however, that (i) no such transfer shall be effective unless reasonable prior
notice thereof is delivered to the Company and such transfer is thereafter
effected in accordance with any terms and conditions that shall have been

                                       10
<PAGE>

made applicable thereto by the Company or the Board and (ii) any such transferee
shall be subject to the same terms and conditions hereunder as the Participant.

10. Adjustments. The Committee may make or provide for such adjustments in the
numbers of Common Shares covered by outstanding Option Rights, Appreciation
Rights and Deferred Shares granted hereunder, and in the Option Price and Base
Price, and in the kind of shares covered thereby, as the Committee, in its sole
discretion, exercised in good faith, may determine is equitably required to
prevent dilution or enlargement of the rights of Participants or Optionees that
otherwise would result from (a) any stock dividend, stock split, combination of
shares, recapitalization or other change in the capital structure of the
Company, or (b) any merger, consolidation, spin-off, split-off, spin-out, split-
up, reorganization, partial or complete liquidation or other distribution of
assets, issuance of rights or warrants to purchase securities, or (c) any other
corporate transaction or event having an effect similar to any of the foregoing.
Moreover, in the event of any such transaction or event, the Committee, in its
discretion, may provide in substitution for any or all outstanding awards under
this Plan such alternative consideration as it, in good faith, may determine to
be equitable in the circumstances and may require in connection therewith the
surrender of all awards so replaced. The Committee may also make or provide for
such adjustments in the numbers of shares specified in Section 3 of this Plan as
the Committee in its sole discretion, exercised in good faith, may determine is
appropriate to reflect any transaction or event described in this Section 10;
provided, however, that any such adjustment to the number specified in Section
3(c)(i) shall be made only if and to the extent that such adjustment would not
cause any Option intended to qualify as an Incentive Stock Option to fail so to
qualify, and the Committee may take into consideration, as to any award subject
to a proposed adjustment, the potential adverse effect thereof under applicable
tax or other laws, and may adjust such awards inconsistently as a consequence of
those effects.

11. Change in Control. For purposes of this Plan, except as may be otherwise
prescribed by the Committee in an agreement evidencing a grant or award made
under the Plan, a "Change in Control" shall mean if at any time any of the
following events shall have occurred:

     (a) Voting Stock Accumulations. The accumulation by any Person of
     Beneficial Ownership of twenty percent (20%) or more of the combined voting
     power of the Company's Voting Stock; provided that for purposes of this
     Section 11(a), a Change in Control will not be deemed to have occurred if
     the accumulation of twenty percent (20%) or more of the voting power of the
     Company's Voting Stock results from any acquisition of Voting Stock (i)
     directly from the Company that is approved by the Incumbent Board, (ii) by
     the Company, (iii) by any employee benefit plan (or related trust)
     sponsored or maintained by the Company or any Subsidiary, or (d) by any
     Person pursuant to a Business Combination that complies with clauses (i),
     (ii) and (iii) of Section 11(b); or

     (b) Business Combinations. Consummation of a Business Combination, unless,
     immediately following that Business Combination, (i) all or substantially
     all of the Persons who were the beneficial owners of Voting Stock of the
     Company immediately prior to that Business Combination beneficially own,
     directly or indirectly, more than sixty-six and two-thirds percent
     (66 2/3%) of the then outstanding shares of common stock and the combined
     voting power of the then outstanding voting securities entitled to vote
     generally in the election of Directors of the entity resulting from that
     Business Combination (including, without limitation, an entity that as a
     result of that transaction owns the Company or all or substantially all of
     the Company's assets either directly or through one or more

                                       11
<PAGE>

     subsidiaries) in substantially the same proportions relative to each other
     as their ownership, immediately prior to that Business Combination, of the
     Voting Stock of the Company, (ii) no Person (other than the Company, that
     entity resulting from that Business Combination, or any employee benefit
     plan (or related trust) sponsored or maintained by the Company, any Eighty
     Percent (80%) Subsidiary or that entity resulting from that Business
     Combination) beneficially owns, directly or indirectly, twenty percent
     (20%) or more of the then outstanding shares of common stock of the entity
     resulting from that Business Combination or the combined voting power of
     the then outstanding voting securities entitled to vote generally in the
     election of directors of that entity, and (iii) at least a majority of the
     members of the Board of Directors of the entity resulting from that
     Business Combination were members of the Incumbent Board at the time of the
     action of the Board of Directors providing for that Business Combination;
     or

     (c) Sale of Assets. A sale or other disposition of all or substantially all
     of the assets of the Company; or

     (d) Liquidations or Dissolutions. Approval by the shareholders of the
     Company of a complete liquidation or dissolution of the Company, except
     pursuant to a Business Combination that complies with clauses (i), (ii) and
     (iii) of Section 11(b).

For purposes of this Section 11, the following definitions will apply:

     "Beneficial Ownership" means beneficial ownership as that term is used in
     Rule 13d-3 promulgated under the Exchange Act.

     "Business Combination" means a reorganization, merger or consolidation of
     the Company.

     "Eighty Percent (80%) Subsidiary" means an entity in which the Company
     directly or indirectly beneficially owns eighty percent (80%) or more of
     the outstanding Voting Stock.

     "Exchange Act" means the Securities Exchange Act of 1934, including
     amendments, or successor statutes of similar intent.

     "Incumbent Board" means a Board of Directors at least a majority of whom
     consist of individuals who either are (a) members of the Company's Board of
     Directors as of January 1, 2000, or (b) members who become members of the
     Company's Board of Directors subsequent to January 1, 2000, whose election,
     or nomination for election by the Company's shareholders, was approved by a
     vote of at least two-thirds (2/3) of the directors then comprising the
     Incumbent Board (either by a specific vote or by approval of the proxy
     statement of the Company in which that person is named as a nominee for
     director, without objection to that nomination), but excluding, for that
     purpose, any individual whose initial assumption of office occurs as a
     result of an actual or threatened election contest (within the meaning of
     Rule 14a-11 of the Exchange Act) 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 of Directors.

     "Person" means any individual, entity or group (within the meaning of
     Section 13(d)(3) or 14 (d)(2) of the Exchange Act).

                                       12
<PAGE>

     "Voting Stock" means the then outstanding securities of an entity entitled
     to vote generally in the election of members of that entity's Board.

12. Fractional Shares. The Company shall not be required to issue any fractional
Common Shares pursuant to this Plan. The Committee may provide for the
elimination of fractions or for the settlement of fractions in cash.

13. Withholding Taxes. To the extent that the Company is required to withhold
federal, state, local or foreign taxes in connection with any payment made or
benefit realized by a Participant or other person under this Plan, and the
amounts available to the Company for such withholding are insufficient, it shall
be a condition to the receipt of such payment or the realization of such benefit
that the Participant or such other person make arrangements satisfactory to the
Company for payment of the balance of such taxes required to be withheld, which
arrangements (in the discretion of the Committee) may include relinquishment of
a portion of such benefit. The Company and a Participant or such other person
may also make similar arrangements with respect to the payment of any taxes with
respect to which withholding is not required.

14. Foreign Employees. In order to facilitate the making of any grant or
combination of grants under this Plan, the Committee may provide for such
special terms for awards to Participants who are foreign nationals or who are
employed by the Company or any Subsidiary outside of the United States of
America as the Committee may consider necessary or appropriate to accommodate
differences in local law, tax policy or custom. Moreover, the Committee may
approve such supplements to or amendments, restatements or alternative versions
of this Plan as it may consider necessary or appropriate for such purposes,
without thereby affecting the terms of this Plan as in effect for any other
purpose, and the Secretary or other appropriate officer of the Company may
certify any such document as having been approved and adopted in the same manner
as this Plan. No such special terms, supplements, amendments or restatements,
however, shall include any provisions that are inconsistent with the terms of
this Plan as then in effect unless this Plan could have been amended to
eliminate such inconsistency without further approval by the shareholders of the
Company.

15. Administration of the Plan. (a) This Plan shall be administered by the
Committee. A majority of the Committee shall constitute a quorum, and the action
of the members of the Committee present at any meeting at which a quorum is
present, or acts unanimously approved in writing, shall be the acts of the
Committee.

(b) The Committee, in its discretion, may delegate to one or more officers of
the Company, all or part of the Committee's authority and duties with respect to
Participants who are not subject to the reporting and other provisions of
Section 16 of the Exchange Act or any successor rule to the same effect. In the
event of such delegation, and as to matters encompassed by the delegation,
references in the Plan to the Committee shall be interpreted as a reference to
the Committee's delegate or delegates. The Committee may revoke or amend the
terms of a delegation at any time but such action shall not invalidate any prior
actions of the Committee's delegate or delegates that were consistent with the
terms of the Plan.

(c) The interpretation and construction by the Committee of any provision of
this Plan or of any agreement, notification or document evidencing the grant of
Option Rights, Appreciation Rights, Restricted Shares, or Deferred Shares, and
any determination by the Committee pursuant to any provision of this Plan or of
any such agreement, notification or document shall

                                       13
<PAGE>

be final and conclusive. No member of the Committee shall be liable for any such
action or determination made in good faith.

16. Amendments, Etc. (a) The Committee may at any time and from time to time
amend the Plan in whole or in part; provided, however, that any amendment which
must be approved by the shareholders of the Company in order to comply with
applicable law or the rules of the New York Stock Exchange or, if the Common
Shares are not traded on the New York Stock Exchange, the principal national
securities exchange upon which the Common Shares are traded or quoted, shall not
be effective unless and until such approval has been obtained. Presentation of
this Plan or any amendment hereof for shareholder approval shall not be
construed to limit the Company's authority to offer similar or dissimilar
benefits under other plans without shareholder approval. No amendment shall,
without a Participant's consent, adversely affect any rights of any Participant
with respect to any award outstanding at the time such amendment is made. No
amendment to this Plan shall become effective until shareholder approval is
obtained if (i) the amendment increases the aggregate number of Common Shares
that may be issued under the Plan, (ii) the amendment changes the class of
individuals eligible to become Participants, or (iii) the amendment extends the
duration of the Plan.

(b) The Committee shall not, without the further approval of the shareholders of
the Company, authorize the amendment of any outstanding Option Right to reduce
the Option Price. Furthermore, no Option Right shall be canceled and replaced
with awards having a lower Option Price without further approval of the
shareholders of the Company. This Section 16(b) is intended to prohibit the
repricing of "underwater" Option Rights and shall not be construed to prohibit
the adjustments provided for in Section 10 of this Plan.

(c) The Committee also may permit Participants to elect to defer the issuance of
Common Shares or the settlement of awards in cash under the Plan pursuant to
such rules, procedures or programs as it may establish for purposes of this
Plan. The Committee also may provide that deferred issuances and settlements
include the payment or crediting of dividend equivalents or interest on the
deferral amounts.

(d) The Committee may condition the grant of any award or combination of awards
authorized under this Plan on the surrender or deferral by the Participant of
his or her right to receive a cash bonus or other compensation otherwise payable
by the Company or a Subsidiary to the Participant.

(e) In case of termination of employment by reason of death, disability or
normal or early retirement, or in the case of hardship or other special
circumstances, of a Participant who holds an Option Right or Appreciation Right
not immediately exercisable in full, or any Restricted Shares as to which the
substantial risk of forfeiture or the prohibition or restriction on transfer has
not lapsed, or any Deferred Shares as to which the Deferral Period has not been
completed, or who holds Common Shares subject to any transfer restriction
imposed pursuant to Section 9(b) of this Plan, the Committee may, in its sole
discretion, accelerate the time at which such Option Right or Appreciation Right
may be exercised or the time at which such substantial risk of forfeiture or
prohibition or restriction on transfer will lapse or the time when such Deferral
Period will end or the time when such transfer restriction will terminate or may
waive any other limitation or requirement under any such award.

                                       14
<PAGE>

(f) This Plan shall not confer upon any Participant any right with respect to
continuance of employment or other service with the Company or any Subsidiary,
nor shall it interfere in any way with any right the Company or any Subsidiary
would otherwise have to terminate such Participant's employment or other service
at any time.

(g) To the extent that any provision of this Plan would prevent any Option Right
that was intended to qualify as an Incentive Stock Option from qualifying as
such, that provision shall be null and void with respect to such Option Right.
Such provision, however, shall remain in effect for other Option Rights and
there shall be no further effect on any provision of this Plan.

17. Termination. No grant shall be made under this Plan more than 10 years after
the date on which this Plan is first approved by the shareholders of the
Company, but all grants made on or prior to such date shall continue in effect
thereafter subject to the terms thereof and of this Plan. The Committee may
terminate the Plan at any time.

18. United Kingdom Awards.

(a) UK Provisions. The terms and conditions used in this Section 18 shall apply
exclusively to Participants who are resident in the United Kingdom ("UK
Participants") and shall not apply to Participants residing anywhere else.

(b) Overriding nature. The Plan terms and conditions shall govern all Option
Rights granted to Optionholders, subject to the modifications set out in this
Section 18. If the provisions contained in this Section 18 conflict with those
contained in other Sections of the Plan, the provisions set forth in this
Section 18 shall, subject to Section 18 (y), govern as they relate to Option
Rights granted to Optionholders.

(c) Interpretation. The following definitions shall apply in this Section 18:

     "Appropriate Period" has the meaning given in Paragraph 15 (2) of Schedule
     9;

     "Associated Company" has the meaning given in section 187 (2) of the Taxes
     Act;

     "Control" has the meaning given by section 187 (2) of the Taxes Act;

     "Date of UK Grant" means, in relation to any Option Rights, the date upon
     which the Committee resolves to grant the Option Rights;

     "Employee" means a UK Participant who is an employee of any Group Company
     and any director of any Group Company, who is required to devote not less
     than 25 hours per week (exclusive of meal breaks) to his duties to the
     Group;

     "Group" means the Company and any companies of which the Company has
     Control and "Group Company" means any such Company;

     "Market Value" has the meaning given in part VIII of the Taxation of
     Chargeable Gains Act 1992;

                                       15
<PAGE>

     "Optionholder" means the holder of an Option Right granted subject to the
     terms and conditions contained in this Section 18. A person shall not,
     however, be an Optionholder in relation to Option Rights which are
     restricted in whole or in part under Section 18 (y);

     "Schedule 9" means Schedule 9 to the Taxes Act;

     "Shares" means Common Shares satisfying the conditions specified in
     paragraphs 10-14 (inclusive) of Schedule 9;

     "Taxes Act" means the UK Income and Corporation Taxes Act 1988;

(d) Statutory interpretation. Where the context so admits, any reference in this
Section 18:

    (i)   to the singular number shall be construed as if it referred also to
    the plural number and vice versa;

    (ii)  to the masculine gender shall be construed as though it referred also
    to the feminine gender;

    (iii) to a statute or statutory provision as for the time being amended or
    reenacted; and

    (iv) to the Act or any provision of the Act shall be construed as including
    a reference to the Act or provision repealed by and corresponding to the
    Act.

(e) Eligibility. Subject to the following provisions of this Section 18, the
Committee may grant Option Rights to any Employee in any case where the
Committee so determines provided that no Option Right shall be granted to any
Employee unless the company by which that Employee is employed has first been
nominated by the Committee to participate in the Plan.

(f) Restrictions on eligibility. The Committee may not grant an Option Right to
any individual who is not an Employee at the Date of UK Grant or who is
otherwise required by paragraph 8 of Schedule 9 to be precluded from having an
Option Right granted to him on that date.

(g) Limit on individual grants. Irrespective of the number of Shares over which
an Option Right is expressed to have been granted, an Option Right shall take
effect and, if necessary, be limited, so that the total Market Value of the
Shares which the Optionholder may acquire on the exercise of all Approved
Options held by him shall not exceed the amount specified in paragraph 28 of
Schedule 9 (which is, currently, (Pounds)30,000). For this purpose "Approved
Options" shall include all options granted under a share option scheme approved
by the United Kingdom Board of the Inland Revenue under Schedule 9 and
established by the Company or any Associated Company of the Company but
excluding any savings related share option scheme.

(h) Restriction on exercises for certain people. An Optionholder may not
exercise an Option Right at the time when he must be precluded from doing so in
order to satisfy the requirements of paragraph 8 of Schedule 9 and neither may
the personal representatives of an Optionholder exercise such an option if, in
order to satisfy those requirements, he was so precluded at the date of his
death.

                                       16
<PAGE>

(i) Restrictions on types of shares. The Committee may not grant an Option Right
over Shares which do not satisfy the conditions in paragraphs 10-14 (inclusive)
of Schedule 9. An Optionholder may not exercise an Option Right if the Shares to
be delivered would not satisfy the conditions of paragraphs 10-14 (inclusive) of
Schedule 9.

(j) Option agreements. Where the Committee determines to grant an Option Right
to a UK Participant, the UK Participant shall enter into an agreement as
referred to in section 4 (n) of the Plan within thirty (30) days of such
determination failing which the Option Rights will be deemed not to have been
granted.

(k) Inland Revenue approval of option agreements. The Committee shall ensure
that the provisions of any such agreements evidencing option grants are approved
in advance by the United Kingdom Board of the Inland Revenue and no amendment or
adjustment shall be made to such agreements after option grants which they
evidence have been granted.

(l) Performance Conditions. The Committee may grant an Option Right on the terms
that it shall be subject to additional objective conditions. Such conditions
must be set out in the option agreement. If the conditions are or include a
performance target, then upon the occurrence of such event or events as a result
of which the Committee considers it fair and reasonable to adjust the
performance target, the Committee may vary the performance target provided that
the effect of such variation is not to make the target more onerous.

(m) Market Value of Shares. The Market Value of Shares over which an Option
Grant has been or is to be granted shall be calculated at the time or times as
may have been agreed by the United Kingdom Board of Inland Revenue pursuant to
paragraph 29 of Schedule 9 and, where relevant, shall be converted into sterling
at the rate of exchange ruling in London after about 11am at such time or times.
The Option Price shall not be manifestly less than the Market Value of the
Shares over which an Option Right is to be exercised as shall be determined at
the Date of UK Grant or such earlier date as may be agreed in writing with the
United Kingdom Board of the Inland Revenue.

(n) Latest date for exercise. The last date for the exercise of an Option Right
shall be determined by the Committee but shall not, except where Section 18 (q)
below applies, be later than the date preceding the 10th anniversary of the Date
of UK Grant.

(o) Date of exercise. The date or dates after which an Option Right may be
exercised in whole or in part shall be determined at the Date of UK Grant and
shall not be altered thereafter.

(p) Exercise restrictions. An Option Right may only be exercised by the
Optionholder or his legal personal representatives and accordingly where an
Optionholder transfers, assigns, charges, encumbers or otherwise alienates his
Option Right or creates in favor of any third party any interest therein or, in
any case, attempts so to do or is adjudicated bankrupt, that Option Right shall
lapse.

(q) Death of Optionholder. The personal representatives of an Optionholder may
not exercise his Option Right more than twelve months after the date of the
Optionholder's death.

(r) Currency of exercise. The payment upon the exercise of an Option Right may
only be made in cash in US dollars.

                                       17
<PAGE>

(s) Delivery restrictions. Unless prohibited by federal tax laws and regulations
or the rules of any domestic stock exchange on which Shares may be listed,
Shares shall be delivered upon the exercise of an Option Right within 30 days of
the exercise of the Option Right and any new shares issued shall rank pari passu
in all respects with any other shares of the same class in issue save as regards
any rights attaching to shares by reference to a record date prior to the date
of issue.

(t) No restrictions on Shares. The Committee shall not impose any restrictions
and conditions on the disposition of Shares delivered upon the exercise of an
Option Right.

(u) Takeovers. If any company ("the Acquiring Company") obtains Control of the
Company as a result of a general offer to acquire all the Shares not owned by it
or any person acting in concert with it or by virtue of a compromise or
arrangement sanctioned by the court under section 425 of the UK Companies Act
1985 or becomes bound or entitled to acquire Shares under sections 428 to 430 of
that act then an Optionholder may at any time within the Appropriate Period with
the agreement of the Acquiring Company release any Option Right in consideration
of the grant to him of rights ("New Option") which satisfy the following
conditions:

  (i)   the New Option shall be over shares in the Acquiring Company or another
  company which satisfies paragraph (b) or (c) of Paragraph 10 of Schedule 9 in
  relation to the Acquiring Company and shall otherwise satisfy the conditions
  specified in paragraphs 10 to 14 inclusive of Schedule 9;

  (ii)  the New Option shall be a right to acquire such number of such shares in
  the Acquiring Company (or such other company) as shall have immediately after
  the grant of the New Option an aggregate market value equal to the aggregate
  market value of the Shares subject to the Option Right immediately before its
  release;

  (iii) the New Option shall have an Option Price such that the aggregate price
  payable on its exercise in full shall equal the aggregate price which would
  have been payable on exercise in full of the Option Right; and

  (iv)  the New Option shall be otherwise identical in terms to the Option
  Right.

The New Option shall be deemed for all purposes to have been granted at the same
time as the released Option Right and the Plan and this Section 18 shall apply
to the New Option so that "Company" shall mean the company over whose share
capital the New Option is granted and "Shares" shall mean shares in that
company.

(v) Adjustments. The Committee may adjust, in such manner as it deems
appropriate and the United Kingdom Board of Inland Revenue shall approve, the
class and number of shares covered by an Option Right and the Option Price of
the Option Right only in the event of any capitalization or rights issue by the
Company, or any consolidation, subdivision or reduction of its share capital.

(w) Appreciation Rights and Restricted Shares. The Committee shall not grant
Option Rights, comprising Appreciation Rights or Restricted Shares to UK
Participants. Where an Option

                                       18
<PAGE>

Right is granted to an Optionholder, a corresponding Tandem Appreciation Right
shall not be granted in relation to the Option Right.

(x) Amendments. No amendments to the provisions of this Section 18 shall have
effect unless such amendment has been approved by the United Kingdom Board of
the Inland Revenue. No amendments to the provision of the Plan shall have effect
in relation to Option Rights granted to Optionholders unless such amendments
have been approved by the United Kingdom Board of Inland Revenue.

(y) Non-approved options. If the grant or exercise of any Option Right is
inconsistent with the terms of this Section 18 or the provisions of Schedule 9,
the Option Right shall in whole or in part be deemed to have been granted or
exercised pursuant to the other Sections of this Plan. The UK Participant shall
not be an Optionholder in respect of all or any of such Option Rights. In
particular, any Option Right granted to a UK Participant under this Section 18
shall be limited to take effect so that the limits specified in Section 18 (g)
are not exceeded. Any Option Rights in excess of those limits will be deemed to
have been granted under the other sections of the Plan.

                                       19

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