Document:

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                                                                    EXHIBIT 10.2

                 AMENDMENT TO STOCK PURCHASE AND SALE AGREEMENT

         THIS AMENDMENT TO STOCK PURCHASE AND SALE AGREEMENT, dated as of
December 3, 2001 (the "Amendment"), is made by and between McDermott
Incorporated, a Delaware corporation ("McDermott"), and McDermott International,
Inc., a Panama corporation ("International").

                                   WITNESSETH:

         WHEREAS, McDermott and International entered into a Stock Purchase and
Sale Agreement dated as of November 17, 1982 ("Agreement"); and

         WHEREAS, McDermott and International mutually desire to amend the
Agreement as provided in this Amendment to Stock Purchase and Sale Agreement.

         NOW, THEREFORE, in consideration of the premises and other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, McDermott and International hereby amend the Agreement as follows:

         1. Section (2) of the Agreement is hereby amended and restated to read
in its entirety as follows:

         (2)      Purchase obligations of International. On the sixtieth day
                  after that on which a demand upon it to do so is made,
                  International will purchase for Cash from McDermott or any
                  Transferee the number of Units designated by McDermott or such
                  Transferee in such demand at a price per Unit equal to 90% of
                  the Fair Value of a Unit on the day such demand is made.

         2. The first paragraph of Section (3) of the Agreement is hereby
amended and restated to read in its entirety as follows:

         (3)      Purchase rights of International. On the sixtieth day after
                  that on which a demand upon it to do so is made, McDermott
                  will sell for Cash to International the number of Units
                  designated by International in such demand at a price per Unit
                  equal to 110% of the Fair Value of a Unit on the day such
                  demand is made.

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The second and third paragraphs of Section (3) of the Agreement are and shall
remain in full force and effect, without modification by this Amendment.

         3. All references in this Amendment to Sections of the Agreement refer
to the numbered sections of the Agreement.

         4. Except to the extent of the amendments set forth in this Amendment,
all provisions of the Agreement are and shall remain in full force and effect
for the remaining term of the Agreement as set forth in Section 9(b) of the
Agreement.

         5. This Amendment shall be effective upon the submission of the
required officers' certificates pursuant to (a) Section 3.13(d) of the Indenture
dated as of March 1, 1992 to which McDermott is a party, as amended, and (b)
Section 3.12(d) of the Indenture dated as of November 1, 1992 to which McDermott
is a party, as amended.

         6. This Amendment shall be governed by and construed under the laws of
the State of New York of the United States of America.

         7. This Amendment may be executed in any number of counterparts, each
of which shall be deemed for all purposes to be an original, but all of which
when taken together shall constitute one and the same agreement, and shall
become effective as provided in Section 5 above.

         IN WITNESS WHEREOF, the parties have executed this Amendment as of the
date first above written.

                                           MCDERMOTT INCORPORATED

                                        By:
                                           -------------------------------------
                                           E. A. WOMACK, JR.
                                           President

                                           MCDERMOTT INTERNATIONAL, INC.

                                        By:
                                           -------------------------------------
                                           BRUCE F. LONGAKER
                                           Executive Vice President and Chief
                                           Financial Officer

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                               SECOND AMENDMENT TO
                        STOCK PURCHASE AND SALE AGREEMENT

         THIS SECOND AMENDMENT TO STOCK PURCHASE AND SALE AGREEMENT, dated as of
January 11, 2002 (this "Second Amendment"), is made by and between McDermott
Incorporated, a Delaware corporation ("McDermott"), and McDermott International,
Inc., a Panama corporation ("International").

                                   WITNESSETH:

         WHEREAS, McDermott and International entered into a Stock Purchase and
Sale Agreement dated as of November 17, 1982 ("Agreement"); and

         WHEREAS, McDermott and International amended the Agreement pursuant to
an Amendment to Stock Purchase and Sale Agreement dated as of December 3, 2001
(the "First Amendment"); and

         WHEREAS, McDermott and International mutually desire to amend the
Agreement, as amended by the First Amendment, as provided in this Second
Amendment;

         NOW, THEREFORE, in consideration of the premises and other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, McDermott and International hereby amend the Agreement, as amended
by the First Amendment, as follows:

1.       Section (2) of the Agreement, as amended by the First Amendment, is
         hereby amended and restated to read in its entirety as follows:

                  (2) Purchase obligations of International. On the sixtieth day
                  after that on which a demand upon it to do so is made,
                  International will purchase for Cash from McDermott or any
                  Transferee the number of Units designated by McDermott or such
                  Transferee in such demand at a price per Unit equal to 90% of
                  the Fair Value of a Unit on the day such demand is made;
                  provided, however, if the demand contemplated by this sentence
                  is made by McDermott at any time during the period from
                  January 15, 2002 through February 28, 2002, the purchase
                  transaction contemplated by this sentence shall be completed
                  on March 15, 2002.

2.       The first paragraph of Section (3) of the Agreement, as amended by the
         First Amendment, is hereby amended and restated to read in its entirety
         as follows:

                  (3) Purchase rights of International. On the sixtieth day
                  after that on which a demand upon it to do so is made,
                  McDermott will sell for Cash to International the number of
                  Units designated by International in such demand at a price
                  per Unit equal to 110% of the Fair Value of a Unit on the day
                  such demand is made; provided, however, if the demand
                  contemplated by this sentence is made by International at any
                  time during the period from January 15, 2002 through February
                  28, 2002, the purchase transaction contemplated by this
                  sentence shall be completed on March 15, 2002.

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         The second and third paragraphs of Section (3) of the Agreement are and
         shall remain in full force and effect, without modification by this
         Second Amendment.

3.       All references in this Second Amendment to Sections of the Agreement
         refer to the numbered sections of the Agreement. All references in this
         Second Amendment to Articles refer to the numbered paragraphs of this
         Second Amendment.

4.       Except to the extent of the amendments set forth in this Second
         Amendment, all provisions of the Agreement, as amended by the First
         Amendment, are and shall remain in full force and effect for the
         remaining term of the Agreement as set forth in Section 9(b) of the
         Agreement.

5.       This Second Amendment shall be effective upon the submission of the
         required officers' certificates pursuant to (a) Section 3.13(d) of the
         Indenture dated as of March 1, 1992 to which McDermott is a party, as
         amended, and (b) Section 3.12(d) of the Indenture dated as of November
         1, 1992 to which McDermott is a party, as amended.

6.       This Second Amendment shall be governed by and construed under the laws
         of the State of New York of the United States of America.

7.       This Second Amendment may be executed in any number of counterparts,
         each of which shall be deemed for all purposes to be an original, but
         all of which when taken together shall constitute one and the same
         agreement, and shall become effective as provided in Article 5 above.

         IN WITNESS WHEREOF, the parties have executed this Second Amendment as
of the date first above written.

                                        McDERMOTT INCORPORATED

                                        By:
                                           ----------------------------------
                                                 E. A. Womack, Jr.
                                                 President

                                        McDERMOTT INTERNATIONAL, INC.

                                        By:
                                           ----------------------------------
                                                 Bruce F. Longaker
                                                 Executive Vice President and
                                                 Chief Financial Officer

                                       4<PAGE>
                                                                   EXHIBIT 10.13

                         MCDERMOTT INTERNATIONAL, INC.

              2001 DIRECTORS AND OFFICERS LONG-TERM INCENTIVE PLAN

                                   ARTICLE 1

                     ESTABLISHMENT, OBJECTIVES AND DURATION

     1.1  ESTABLISHMENT OF THE PLAN.  McDermott International, Inc., a Panama
corporation (hereinafter referred to as the "Company"), hereby establishes an
incentive compensation plan to be known as the McDermott International, Inc.
2001 Directors and Officers Long-Term Incentive Plan (hereinafter referred to as
this "Plan"), as set forth in this document. This Plan permits the grant of
Nonqualified Stock Options, Incentive Stock Options, Stock Appreciation Rights,
Restricted Stock, Deferred Stock Units, Performance Shares and Performance Units
(each as hereinafter defined).

     Subject to approval by the Company's stockholders, this Plan shall become
effective as of August 10, 2001 (the "Effective Date") and shall remain in
effect as provided in Section 1.3 hereof.

     1.2  OBJECTIVES.  This Plan is designed to promote the success and enhance
the value of the Company by linking the personal interests of Participants (as
hereinafter defined) to those of the Company's stockholders, and by providing
Participants with an incentive for outstanding performance. This Plan is further
intended to provide flexibility to the Company in its ability to motivate,
attract and retain the employment and/or services of Participants.

     1.3  DURATION OF THE PLAN.  This Plan shall commence on the Effective Date,
as described in Section 1.1. hereof, and shall remain in effect, subject to the
right of the Board of Directors (as hereinafter defined) to amend or terminate
this Plan at any time pursuant to Article 16 hereof, until all Shares (as
hereinafter defined) subject to it shall have been purchased or acquired
according to this Plan's provisions. In no event may an Award (as hereinafter
defined) be granted under this Plan on or after August 10, 2011.

                                   ARTICLE 2

                                  DEFINITIONS

     As used in this Plan, the following terms shall have the respective
meanings set forth below:

     2.1  "AWARD" means a grant under this Plan of any Nonqualified Stock
Option, Incentive Stock Option, Stock Appreciation Right, Restricted Stock,
Deferred Stock Unit, Performance Share or Performance Unit.

     2.2  "AWARD AGREEMENT" means an agreement entered into by the Company and a
Participant, setting forth the terms and provisions applicable to an Award
granted under this Plan.

     2.3  "BENEFICIAL OWNER" or "BENEFICIAL OWNERSHIP" shall have the meaning
ascribed to such term in Rule 13d-3 of the General Rules and Regulations under
the Exchange Act.

     2.4  "BOARD" or "BOARD OF DIRECTORS" means the Board of Directors of the
Company.

     2.5  "CHANGE IN CONTROL" means:

          (a) Any person (other than a trustee or other fiduciary holding
     securities under an Employee benefit plan of the Company or a corporation
     owned, directly or indirectly, by the stockholders of the Company in
     substantially the same proportions as their ownership of stock of the
     Company) is or becomes the Beneficial Owner, directly or indirectly, of
     securities of the Company representing thirty percent (30%) or more of the
     combined voting power of the Company's then outstanding voting securities;

          (b) During any period of two (2) consecutive years (not including any
     period prior to the execution of this Plan), individuals who at the
     beginning of such period constitute the Board of the Company, and
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     any new Director of the Company (other than a Director designated by a
     Person who has entered into an agreement with the Company to effect a
     transaction described in Clauses (a) or (c) of this Section 2.5) whose
     election by the Company's Board or nomination for election by the
     stockholders of the Company, was approved by a vote of at least two-thirds
     (2/3) of the Directors of the Company's Board, then still in office who
     either were Directors thereof at the beginning of the period or whose
     election or nomination for election was previously so approved, cease for
     any reason to constitute a majority thereof;

          (c) The shareholders of the Company approve: a) a merger or
     consolidation of the Company, with any other corporation, other than a
     merger or consolidation which would result in the voting securities of the
     Company outstanding immediately prior thereto, continuing to represent
     (either by remaining outstanding or by being converted into voting
     securities of the surviving entity) at least fifty percent (50%) of the
     combined voting power of the voting securities of the Company or such
     surviving entity outstanding immediately after such merger or
     consolidation, or b) the shareholders of the Company approve a plan of
     complete liquidation of the Company, or c) an agreement for the sale or
     disposition by the Company of all or substantially all of the Company's
     assets; or

          (d) Such other circumstances as may be deemed by the Board in its sole
     discretion to constitute a change in control of the Company.

However, in no event shall a "Change in Control" be deemed to have occurred with
respect to a Participant if the Participant is part of the purchasing group
which consummates the Change in Control transaction. A Participant shall be
deemed "part of a purchasing group" for purposes of the preceding sentence if
the Participant is an equity participant in the purchasing company or group
(except for: (i) passive ownership of less than three percent (3%) of the stock
of the purchasing company; or (ii) ownership of equity participation in the
purchasing company or group which is otherwise not significant, as determined
prior to the Change in Control by a majority of the non-employee continuing
Directors).

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

     2.7  "COMMITTEE" means the Compensation Committee of the Board, or such
other committee of the Board appointed by the Board to administer this Plan (or
the entire Board if so designated by the Board by written resolution), as
specified in Article 3 herein.

     2.8  "COMPANY" means McDermott International, Inc., a Panama corporation,
and, except where the context otherwise indicates, shall include the Company's
Subsidiaries, as well as any successor to any of such entities as provided in
Article 18 herein.

     2.9  "CONSULTANT" means a natural person who is neither an Employee nor a
Director and who performs services for the Company or a Subsidiary pursuant to a
contract, provided that those services are not in connection with the offer or
sale of securities in a capital-raising transaction and do not directly or
indirectly promote or maintain a market for the Company's securities.

     2.10  "DEFERRED STOCK UNIT" or "DSU" means a contractual promise to
distribute to a Participant one Share or cash equal to the Fair Market Value of
one Share, determined in the sole discretion of the Committee, which shall be
delivered to the Participant upon satisfaction of the vesting and any other
requirements set forth in the Award Agreement.

     2.11  "DIRECTOR" means any individual who is a member of the Board of
Directors of the Company; provided, however, that any Director who is employed
by the Company shall be considered an Employee under this Plan.

     2.12  "DISABILITY" in the case of an Employee, shall have the meaning
ascribed to such term in the Participant's governing long-term disability plan
and, in the case of a Director or Consultant, shall mean a permanent and total
disability within the meaning of Section 22(e)(3) of the Code, as determined by
the Committee in good faith, upon receipt of sufficient competent medical advice
from one or more individuals, selected by the Committee who are qualified to
provide professional medical advice.

     2.13  "EFFECTIVE DATE" shall have the meaning ascribed to such term in
Section 1.1 hereof.

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     2.14  "EMPLOYEE" means any person who is employed by the Company on a full
time basis.

     2.15  "EXCHANGE ACT" means the Securities Exchange Act of 1934, as amended
from time to time.

     2.16  "ERISA" means the Employee Retirement Income Security Act of 1974, as
amended from time to time.

     2.17  "FAIR MARKET VALUE" of a Share shall mean, as of a particular date,
(a) if Shares are listed on a national securities exchange, the mean between the
highest and lowest sales price per Share on the consolidated transaction
reporting system for the principal national securities exchange on which Shares
are listed on that date, or, if no such sale is so reported on that date, on the
last preceding date on which such a sale was so reported, (b) if Shares are not
so listed but are quoted on the Nasdaq National Market, the mean between the
highest and lowest sales price per Share reported by the Nasdaq National Market
on that date, or, if no such sale is so reported on that date, on the last
preceding date on which such a sale was so reported, (c) if no Shares are so
listed or quoted, the mean between the closing bid and asked price for Shares on
that date, or, if there are no such quotations available for that date, on the
last preceding date for which such quotations are available, as reported by the
Nasdaq Stock Market, or, if not reported by the Nasdaq Stock Market, by the
National Quotation Bureau Incorporated, or (d) if no Shares are publicly traded,
the most recent value determined by an independent appraiser appointed by the
Company for that purpose.

     2.18  "FISCAL YEAR" means the year commencing January 1 and ending December
31.

     2.19  "INCENTIVE STOCK OPTION" or "ISO" means an Option to purchase Shares
granted under Article 6 herein and which is designated as an Incentive Stock
Option and is intended to meet the requirements of Code Section 422, or any
successor provision.

     2.20  "NAMED EXECUTIVE OFFICER" means a Participant who, as of the date of
vesting and/or payout of an award is one of the group of "covered employees" as
defined in Section 162(m) of the Code and regulations promulgated thereunder or
any successor statute.

     2.21  "NONQUALIFIED STOCK OPTION" or "NQSO" means an option to purchase
Shares granted under Article 6 herein and which is not an Incentive Stock
Option.

     2.22  "OFFICER" means an Employee of the Company included in the definition
of "Officer" under Section 16 of the Exchange Act and rules promulgated
thereunder or such other Employees who are designated as "Officers" by the
Board.

     2.23  "OPTION" means an Incentive Stock Option or a Nonqualified Stock
Option.

     2.24  "OPTION PRICE" means the price at which a Share may be purchased by a
Participant pursuant to an Option, as determined by the Committee.

     2.25  "PARTICIPANT" means an eligible Officer, Director, Consultant or key
Employee who has been selected for participation in the Plan in accordance with
Section 5.2.

     2.26  "PERFORMANCE-BASED EXCEPTION" means the performance-based exception
from the deductibility limitations of Code Section 162(m).

     2.27  "PERFORMANCE PERIOD" means, with respect to a Performance-Based
Award, the period of time during which the performance goals must be met in
order to determine the degree of payout and/or vesting with respect to that
Performance-Based Award.

     2.28  "PERFORMANCE SHARE" means an Award designated as such and granted to
an Employee, as described in Article 9 herein.

     2.29  "PERFORMANCE UNIT" means an Award designated as such and granted to
an Employee, as described in Article 9 herein.

     2.30  "PERIOD OF RESTRICTION" means the period during which the transfer of
Shares of Restricted Stock is limited in some way (based on the passage of time,
the achievement of performance goals, or upon the

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occurrence of other events as determined by the Committee, in its sole
discretion), and/or the Shares are subject to a substantial risk of forfeiture,
as provided in Article 8 herein.

     2.31  "PERSON" shall have the meaning ascribed to such term in Section
3(a)(9) of the Exchange Act and used in Section 13(d) and 14(d) thereof,
including a "group" (as that term is used in Section 13(d)(3) thereof).

     2.32  "RESTRICTED STOCK" means an Award designated as such and granted to a
Participant pursuant to Article 8 herein.

     2.33  "RETIREMENT" shall have the meaning ascribed to such term in the
Participant's governing retirement plan.

     2.34  "SHARES" means the common stock, par value $1.00 per share, of the
Company.

     2.35  "STOCK APPRECIATION RIGHT" or "SAR" means an Award designated as an
SAR and granted to a Participant pursuant to the terms of Article 7 herein.

     2.36  "SUBSIDIARY" means any corporation, partnership, joint venture,
affiliate or other entity in which the Company has a majority voting interest
and which the Committee designates as a participating entity in this plan.

     2.37  "VESTING PERIOD" means the period during which an Award granted
hereunder is subject to a substantial risk of forfeiture.

                                   ARTICLE 3

                                 ADMINISTRATION

     3.1  THE COMMITTEE.  This Plan shall be administered by the Committee. The
members of the Committee shall be appointed from time to time by, and shall
serve at the discretion of, the Board of Directors.

     3.2  AUTHORITY OF THE COMMITTEE.  Except as limited by law or by the
Articles of Incorporation or Amended and Restated By-laws of the Company (each
as amended from time to time), the Committee shall have full and exclusive power
and authority to take all actions specifically contemplated by this Plan or that
are necessary or appropriate in connection with the administration hereof and
shall also have full and exclusive power and authority to interpret this Plan
and to adopt such rules, regulations and guidelines for carrying out this Plan
as the Committee may deem necessary or proper. The Committee shall have full
power to select Officers, Directors, Consultants and key Employees who shall
participate in this Plan, determine the sizes and types of Awards, and determine
the terms and conditions of Awards in a manner consistent with this Plan. The
Committee may, in its discretion, accelerate the vesting or exercisability of an
Award, eliminate or make less restrictive any restrictions contained in an
Award, waive any restriction or other provision of this Plan or any Award or
otherwise amend or modify any Award in any manner that is either (a) not adverse
to the Participant to whom such Award was granted or (b) consented to in writing
by such Participant. The Committee may correct any defect or supply any omission
or reconcile any inconsistency in this Plan or in any Award in the manner and to
the extent the Committee deems necessary or desirable to further this Plan's
objectives. Further, the Committee shall make all other determinations that may
be necessary or advisable for the administration of this Plan. As permitted by
law and the terms of this Plan, the Committee may delegate its authority as
identified herein.

     3.3  DELEGATION OF AUTHORITY.  The Committee may delegate to the Chief
Executive Officer and to other senior officers of the Company its duties under
this Plan pursuant to such conditions or limitations as the Committee may
establish.

     3.4  DECISIONS BINDING.  All determinations and decisions made by the
Committee pursuant to the provisions of this Plan and all related orders and
resolutions of the Committee shall be final, conclusive and

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binding on all persons concerned, including the Company, its stockholders,
Officers, Directors, Employees, Consultants, Participants and their estates and
beneficiaries.

                                   ARTICLE 4

                          SHARES SUBJECT TO THIS PLAN

     4.1  NUMBER OF SHARES AVAILABLE FOR GRANTS OF AWARDS.  Subject to
adjustment as provided in Section 4.3 herein, there is hereby reserved for
issuance of Awards under this Plan three million (3,000,000) Shares. Shares
subject to Awards under this Plan that are cancelled, forfeited, terminated or
expire unexercised, shall immediately become available for the granting of
Awards under this Plan. Additionally, Shares approved pursuant to the 1987
Long-Term Incentive Compensation Program, the 1992 Officer Stock Incentive
Program, the 1996 Officer Long Term Incentive Plan or the 1997 Directors Stock
Plan which, as of the Effective Date of this Plan, have not been awarded, or are
canceled, terminated, forfeited, expire unexercised, are settled in cash in lieu
of Shares, or are exchanged for a consideration that does not involve Shares
will again immediately become available for Awards. The Committee may from time
to time adopt and observe such procedures concerning the counting of Shares
against the Plan maximum as it may deem appropriate.

     The maximum number of Shares which may be awarded pursuant to grants in the
form of Restricted Stock, Deferred Stock Units and Performance Shares shall be
an amount, in the aggregate, equal to thirty percent (30%) of the total number
of Shares reserved for issuance under this Plan.

     4.2  LIMITS ON GRANTS IN ANY FISCAL YEAR.  The following rules ("Award
Limitations") shall apply to grants of Awards under this Plan:

          (a) OPTIONS.  The maximum aggregate number of Shares issuable pursuant
     to Awards of Options that may be granted in any one Fiscal Year of the
     Company to any one Participant shall be four hundred thousand (400,000).

          (b) SARS.  The maximum aggregate number of share equivalents reflected
     in Awards that may be granted in the form of SARs in any one Fiscal Year to
     any one Participant shall be four hundred thousand (400,000).

          (c) RESTRICTED STOCK AND DEFERRED STOCK UNITS AND PERFORMANCE
     SHARES.  The maximum aggregate number of Shares issued as Awards of
     Restricted Stock, DSUs and Performance Shares that may be granted in any
     one Fiscal Year to any one Participant shall be two hundred thousand
     (200,000).

          (d) PERFORMANCE UNITS.  The maximum aggregate cash payout with respect
     to Performance Units granted in any one Fiscal Year that may be made to any
     one Participant shall be two million dollars ($2,000,000), with such cash
     value determined as of the date of each grant.

     4.3  ADJUSTMENTS IN AUTHORIZED SHARES.  The existence of outstanding Awards
shall not affect in any manner the right or power of the Company or its
stockholders to make or authorize any or all adjustments, recapitalizations,
reorganizations or other changes in the capital stock of the Company or its
business or any merger or consolidation of the Company, or any issue of bonds,
debentures, preferred or prior preference stock (whether or not such issue is
prior to, on a parity with or junior to the Shares) or the dissolution or
liquidation of the Company, or any sale or transfer of all or any part of its
assets or business or any other corporate act or proceeding of any kind, whether
or not of a character similar to that of the acts or proceedings enumerated
above.

     If there shall be any change in the Shares of the Company or the
capitalization of the Company through merger, consolidation, reorganization,
recapitalization, stock dividend, stock split, reverse stock split, split up,
spin-off, combination of shares, exchange of shares, dividend in kind or other
like change in capital structure or distribution (other than normal cash
dividends) to stockholders of the Company, the Committee, in its sole
discretion, in order to prevent dilution or enlargement of Participants' rights
under this Plan, shall adjust, in an equitable manner, as applicable, the number
and kind of Shares that may be issued under this Plan, the

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number and kind of Shares subject to outstanding Awards, the exercise or other
price applicable to outstanding Awards, the Awards Limitations, the Fair Market
Value of the Shares and other value determinations applicable to outstanding
Awards; provided, however, that the number of Shares subject to any Award shall
always be a whole number. In the event of a corporate merger, consolidation,
acquisition of property or stock, separation, reorganization or liquidation, the
Committee shall be authorized, in its sole discretion, to (a) issue or assume
Awards by means of substitution of new Awards, as appropriate, for previously
issued Awards or to assume previously issued Awards as part of such adjustment,
(b) make provision, prior to the transaction, for the acceleration of the
vesting and exercisability of, or lapse of restrictions with respect to, Awards
and the termination of Options that remain unexercised at the time of such
transaction, (c) provide for the acceleration of the vesting and exercisability
of Options and SARs and the cancellation thereof in exchange for such payment as
the Committee, in its sole discretion, determines is a reasonable approximation
of the value thereof or (d) cancel Awards that are Options or SARs and give the
Participants who are the holders of such Awards notice and opportunity to
exercise prior to such cancellation.

                                   ARTICLE 5

                         ELIGIBILITY AND PARTICIPATION

     5.1  ELIGIBILITY.  Persons eligible to participate in this Plan include all
Officers, Directors, key Employees and Consultants, as determined in the sole
discretion of the Committee.

     5.2  ACTUAL PARTICIPATION.  Subject to the provisions of this Plan, the
Committee may, from time to time, select from all eligible Persons, those to
whom Awards shall be granted and shall determine the nature and amount of each
Award. No Officer, Director, key Employee or Consultant shall have the right to
be selected for Participation in this Plan, or, having been so selected, to be
selected to receive a future award.

                                   ARTICLE 6

                                    OPTIONS

     6.1  GRANT OF OPTIONS.  Subject to the terms and provisions of this Plan,
Options may be granted to Participants in such number, upon such terms, at any
time, and from time to time, as shall be determined by the Committee; provided,
however, that ISOs may be awarded only to Employees. Subject to the terms of
this Plan, the Committee shall have discretion in determining the number of
Shares subject to Options granted to each Participant.

     6.2  OPTION AWARD AGREEMENT.  Each Option grant shall be evidenced by an
Award Agreement that shall specify the Option Price, the duration of the Option,
the number of Shares to which the Option pertains, and such other provisions as
the Committee shall determine that are not inconsistent with the terms of this
Plan. The Award Agreement also shall specify whether the Option is intended to
be an ISO or an NQSO.

     6.3  OPTION PRICE.  The Option Price for each grant of an Option under this
Plan shall be as determined by the Committee; provided, however, that, subject
to any subsequent adjustment that may be made pursuant to the provisions of
Section 4.3, the Option Price shall be not less than one hundred percent (100%)
of the Fair Market Value of a Share on the date the Option is granted. Except as
otherwise provided in Section 4.3, no repricing of Options awarded under this
Plan shall be permitted.

     6.4  DURATION OF OPTIONS.  Subject to any earlier expiration that may be
effected pursuant to the provisions of Section 4.3, each Option shall expire at
such time as the Committee shall determine at the time of grant; provided,
however, that an Option shall not be exercisable later than the tenth (10th)
anniversary date of its grant.

     6.5  EXERCISE OF OPTIONS.  Options granted under this Plan shall be
exercisable at such times and be subject to such restrictions and conditions as
the Committee shall in each instance approve, which need not be the same for
each grant or for each Participant.

                                       A-6
<PAGE>

     6.6  PAYMENT.  Options granted under this Article 6 shall be exercised by
the delivery of a notice of exercise to the Company in the prescribed manner,
setting forth the number of Shares with respect to which the Option is to be
exercised, accompanied by full payment for the Shares issuable on such exercise.

     The Option Price upon exercise of any Option shall be payable to the
Company in full: (a) in cash, (b) by tendering previously acquired Shares valued
at their Fair Market Value per Share at the time of exercise (provided that the
Shares which are tendered must have been held by the Participant for at least
six (6) months prior to their tender), (c) by a combination of (a) and (b), or
(d) any other method approved by the Committee, in its sole discretion, at the
time of grant and as set forth in the Award Agreement.

     Subject to any governing rules or regulations, as soon as practicable after
receipt of a notification of exercise and full payment, the Company shall
deliver to the Participant, in the Participant's name, Share certificates in an
appropriate amount based upon the number of Shares purchased under the Option.

     6.7  RESTRICTIONS ON SHARE TRANSFERABILITY.  The Committee may impose such
restrictions on any Shares acquired pursuant to the exercise of an Option
granted under this Plan as it may deem advisable, including, without limitation,
restrictions under applicable U.S. federal securities laws, under the
requirements of any stock exchange or market upon which such Shares are then
listed and/or traded, and under any blue sky or state securities laws applicable
to such Shares.

     6.8  TERMINATION OF EMPLOYMENT, SERVICE OR DIRECTORSHIP.  Each Option Award
Agreement shall set forth the extent to which the Participant shall have the
right to exercise the Option following termination of the Participant's
employment, service or directorship with the Company and/or its Subsidiaries.
Such provisions shall be determined in the sole discretion of the Committee,
shall be included in each Award Agreement entered into with a Participant with
respect to an Option Award, need not be uniform among all Options issued
pursuant to this Article 6 and may reflect distinctions based on the reasons for
termination.

     6.9  TRANSFERABILITY OF OPTIONS.

          (a) INCENTIVE STOCK OPTIONS.  No ISO granted under this Plan may be
     sold, transferred, pledged, assigned or otherwise alienated or
     hypothecated, other than by will or by the laws of descent and distribution
     or pursuant to a qualified domestic relations order as defined by the Code
     or Title I of ERISA, or the rules thereunder. Further, all ISOs granted to
     a Participant under this Plan shall be exercisable during his or her
     lifetime only by such Participant.

          (b) NONQUALIFIED STOCK OPTIONS.  Except as otherwise provided in a
     Participant's Award Agreement, NQSOs granted under this Plan may not be
     sold, transferred, pledged, assigned or otherwise alienated or
     hypothecated, other than by will or by the laws of descent and distribution
     or pursuant to a qualified domestic relations order as defined by the Code
     or Title I of ERISA, or the rules thereunder. Further, except as otherwise
     provided in a Participant's Award Agreement, all NQSOs granted to a
     Participant under this Plan shall be exercisable during his or her lifetime
     only by such Participant.

     Any attempted assignment of an Option in violation of this Section 6.9
shall be null and void.

                                   ARTICLE 7

                           STOCK APPRECIATION RIGHTS

     7.1  GRANT OF SARS.  Subject to the terms and conditions of this Plan, SARs
may be granted to Participants at any time, and from time to time, as shall be
determined by the Committee. Subject to the terms and conditions of this Plan,
the Committee shall have complete discretion in determining the number of SARs
granted to each Participant and, consistent with the provisions of this Plan, in
determining the terms and conditions pertaining to such SARs.

     The grant price of an SAR shall be not less than one hundred percent (100%)
of the Fair Market Value of a Share on the date the SAR is granted.

                                       A-7
<PAGE>

     7.2  EXERCISE OF SARS.  SARs may be exercised upon whatever terms and
conditions that the Committee, in its sole discretion, imposes.

     7.3  SAR AWARD AGREEMENT.  Each SAR grant shall be evidenced by an Award
Agreement that shall specify the grant price, the term of the SAR, and such
other provisions as the Committee shall determine.

     7.4  TERM OF SARS.  The term of an SAR granted under this Plan shall be
determined by the Committee, in its sole discretion; provided, however, that an
SAR shall not be exercisable later than the tenth (10th) anniversary date of its
grant.

     7.5  PAYMENT OF SAR AMOUNT.  Upon the exercise of an SAR, a Participant
shall be entitled to receive payment from the Company in an amount determined by
multiplying:

          (a) The excess of the Fair Market Value of a Share on the date of
     exercise over the grant price by

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

     At the discretion of the Committee, the payment upon SAR exercise may be in
cash, in Shares of equivalent value, in some combination thereof or in any other
manner approved by the Committee in its sole discretion. The Committee's
determination regarding the form of SAR payout may be set forth in the Award
Agreement pertaining to the grant of the SAR.

     7.6  TERMINATION OF EMPLOYMENT, SERVICE OR DIRECTORSHIP.  Each SAR Award
Agreement shall set forth the extent to which the Participant shall have the
right to exercise the SAR following termination of the Participant's employment,
service or directorship with the Company and/or its Subsidiaries. Such
provisions shall be determined in the sole discretion of the Committee, shall be
included in each Award Agreement entered into with a Participant with respect to
an SAR Award, need not be uniform among all SARs issued pursuant to this Article
7 and may reflect distinctions based on the reasons for termination.

     7.7  TRANSFERABILITY.  Except as otherwise provided in a Participant's
Award Agreement, no SAR granted under this Plan may be sold, transferred,
pledged, assigned or otherwise alienated or hypothecated, other than by will or
by the laws of descent and distribution or pursuant to a qualified domestic
relations as defined by the Code or Title I of ERISA, or the rules thereunder.

     Further, except as otherwise provided in a Participant's Award Agreement,
all SARs granted to a Participant under this Plan shall be exercisable during
his or her lifetime only by such Participant. Any attempted assignment of an SAR
in violation of this Section 7.7 shall be null and void.

                                   ARTICLE 8

                                RESTRICTED STOCK

     8.1  GRANT OF RESTRICTED STOCK.  Subject to the terms and provisions of
this Plan, the Committee at any time, and from time to time, may grant Shares of
Restricted Stock to Participants in such amounts as the Committee shall
determine.

     8.2  RESTRICTED STOCK AWARD AGREEMENT.  Each Restricted Stock grant shall
be evidenced by an Award Agreement that shall specify the Period of Restriction,
the number of Shares of Restricted Stock granted, and such other provisions as
the Committee shall determine.

     8.3  TRANSFERABILITY.  Except as provided in the Participant's Award
Agreement and/or this Article 8, the Shares of Restricted Stock granted to a
Participant under this Plan may not be sold, transferred, pledged, assigned or
otherwise alienated or hypothecated until the end of the applicable Period of
Restriction established by the Committee and specified in an Award Agreement
entered into with that Participant, or upon earlier satisfaction of any other
conditions, as specified by the Committee in its sole discretion and set forth
in the Award Agreement. All rights with respect to the Restricted Stock granted
to a Participant under this Plan shall be available during his or her lifetime
only to such Participant. Any attempted assignment of Restricted Stock in
violation of this Section 8.3 shall be null and void.

                                       A-8
<PAGE>

     8.4  OTHER RESTRICTIONS.  The Committee may impose such other conditions
and/or restrictions on any Shares of Restricted Stock granted pursuant to this
Plan as it may deem advisable, including, without limitation, a requirement that
Participants pay a stipulated purchase price for each Share of Restricted Stock,
restrictions based upon the achievement of specific performance goals,
time-based restrictions on vesting following the attainment of the performance
goals and/or restrictions under applicable U.S. federal or state securities
laws.

     To the extent deemed appropriate by the Committee, the Company may retain
the certificates representing Shares of Restricted Stock in the Company's
possession until such time as all conditions and/or restrictions applicable to
such Shares have been satisfied or lapse.

     8.5  REMOVAL OF RESTRICTIONS.  Except as otherwise provided in this Article
8, Shares of Restricted Stock covered by each Restricted Stock Award made under
this Plan shall become freely transferable by the Participant after all
conditions and restrictions applicable to such Shares have been satisfied or
lapse.

     8.6  VOTING RIGHTS.  To the extent permitted by the Committee or required
by law, Participants holding Shares of Restricted Stock granted hereunder may
exercise full voting rights with respect to those Shares during the Period of
Restriction.

     8.7  DIVIDENDS.  During the Period of Restriction, Participants holding
Shares of Restricted Stock granted hereunder may, if the Committee so
determines, be credited with regular cash dividends paid with respect to the
underlying Shares while they are so held in a manner determined by the Committee
in its sole discretion. The Committee may apply any restrictions to the
dividends that it deems appropriate.

     8.8  TERMINATION OF EMPLOYMENT, SERVICE OR DIRECTORSHIP.  Each Restricted
Stock Award Agreement shall set forth the extent to which the Participant shall
have the right to receive unvested Restricted Stock following termination of the
Participant's employment, service or directorship with the Company and/or its
Subsidiaries. Such provisions shall be determined in the sole discretion of the
Committee, shall be included in each Award Agreement entered into with a
Participant with respect to Shares of Restricted Stock, need not be uniform
among all Shares of Restricted Stock issued pursuant to this Article 8 and may
reflect distinctions based on the reasons for termination.

                                   ARTICLE 9

                    PERFORMANCE UNITS AND PERFORMANCE SHARES

     9.1  GRANT OF PERFORMANCE UNITS/SHARES.  Subject to the terms of this Plan,
Performance Units, Performance Shares may be granted to Participants in such
amounts and upon such terms, and at any time and from time to time, as shall be
determined by the Committee.

     9.2  VALUE OF PERFORMANCE UNITS/SHARES.  Each Performance Unit shall have
an initial value that is established by the Committee at the time of grant. Each
Performance Share shall have an initial value equal to one hundred percent
(100%) of the Fair Market Value of a Share on the date of grant. The Committee
shall set performance goals in its discretion that, depending on the extent to
which they are met, will determine the number and/or value of Performance
Units/Shares which will be paid out to the Participant.

     9.3  EARNING OF PERFORMANCE UNITS/SHARES.  Subject to the terms of this
Plan, after the applicable Performance Period has ended, the holder of
Performance Units/Shares shall be entitled to receive payment of the number and
value of Performance Units/Shares earned by the Participant over the Performance
Period, to be determined as a function of the extent to which the corresponding
performance goals have been achieved.

     9.4  FORM AND TIMING OF PAYMENT OF PERFORMANCE UNITS/SHARES.  Payment of
earned Performance Units/Shares to a Participant shall be as determined by the
Committee and as evidenced in an Award Agreement entered into with that
Participant. Subject to the terms of this Plan, the Committee, in its sole
discretion, may pay earned Performance Units/Shares in the form of cash or in
Shares (or in a combination thereof) that have an aggregate Fair Market Value
equal to the value of the earned Performance Units/Shares

                                       A-9
<PAGE>

at the close of the applicable Performance Period. Any Shares issued or
transferred to a Participant for this purpose may be granted subject to any
restrictions that are deemed appropriate by the Committee.

     9.5  TERMINATION OF EMPLOYMENT, SERVICE OR DIRECTORSHIP.  Each Award
Agreement providing for a Performance Unit/Share shall set forth the extent to
which the Participant shall have the right to receive a payout of cash or Shares
with respect to unvested Performance Units/Shares following termination of the
Participant's employment, service or directorship with the Company and/or its
Subsidiaries. Such provisions shall be determined in the sole discretion of the
Committee, shall be included in the Award Agreement entered into with the
Participant, need not be uniform among all Performance Units/Shares or
Cash-Based Awards issued pursuant to this Article 9 and may reflect distinctions
based on the reasons for termination.

     9.6  TRANSFERABILITY.  Except as otherwise provided in a Participant's
Award Agreement, Performance Units/Shares may not be sold, transferred, pledged,
assigned or otherwise alienated or hypothecated, other than by will or by the
laws of descent and distribution or pursuant to a qualified domestic relations
order as defined by the Code or Title I of ERISA, or the rules thereunder.
Further, except as otherwise provided in a Participant's Award Agreement, a
Participant's rights with respect to Performance Units/Shares granted to that
Participant under this Plan shall be exercisable during the Participant's
lifetime only by the Participant. Any attempted assignment of Performance
Units/Shares in violation of this Section 9.6 shall be null and void.

     9.7  DIVIDENDS.  At the discretion of the Committee, Participants holding
Performance Units/Shares may be entitled to receive dividend units with respect
to dividends declared with respect to the Shares. Such dividends may be subject
to the same accrual, forfeiture and payout restrictions as apply to dividends
earned with respect to Shares of Restricted Stock, as set forth in Section 8.7
herein, as determined by the Committee.

                                   ARTICLE 10

                              DEFERRED STOCK UNITS

     10.1  GRANT OF DSUS.  Subject to the terms and provisions of this Plan, the
Committee at any time, and from time to time, may grant DSUs to eligible
Participants in such amounts as the Committee shall determine.

     10.2  DSU AWARD AGREEMENT.  Each DSU grant to a Participant shall be
evidenced by a DSU Award Agreement entered into with that Participant, which
shall specify the Vesting Period, the number of DSUs granted, and such other
provisions as the Committee shall determine in its sole discretion.

     10.3  TRANSFERABILITY.  Except as provided in a Participant's Award
Agreement, DSUs granted herein may not be sold, transferred, pledged, assigned
or otherwise alienated or hypothecated, other than by will or by the laws of
descent and distribution or pursuant to a qualified domestic relations order as
defined by the Code or Title I of ERISA, or the rules thereunder. Further,
except as otherwise provided in a Participant's Award Agreement, a Participant's
rights with respect to a DSU Award granted to that Participant under this Plan
shall be available during his or her lifetime only to such Participant. Any
attempted assignment of a DSU Award in violation of this Section 10.3 shall be
null and void.

     10.4  FORM AND TIMING OF DELIVERY.  If a Participant's DSU Award Agreement
provides for payment in cash, payment equal to the Fair Market Value of the
Shares underlying the DSU Award, calculated as of the last day of the Vesting
Period, shall be made in a single lump-sum payment as soon as administratively
practicable thereafter. If a Participant's DSU Award Agreement provides for
payment in Shares, the Shares underlying the DSU Award shall be delivered to the
Participant as soon as administratively practicable thereafter. Such delivered
Shares shall be freely transferable by the Participant.

     10.5  VOTING RIGHTS AND DIVIDENDS.  During the applicable Vesting Period,
Participants holding DSUs shall not have voting rights with respect to the
Shares underlying such DSUs. During the applicable Vesting Period, Participants
holding DSUs granted hereunder may be credited with dividend equivalents, in the
form of cash or additional DSUs, if a regular cash dividend is paid with respect
to the underlying Shares. The extent to which dividend equivalents shall be
credited shall be determined in the sole discretion of the Committee.

                                       A-10
<PAGE>

Such dividend equivalents shall be subject to a Vesting Period equal to the
remaining Vesting Period of the DSUs with respect to which the dividend
equivalents are paid.

     10.6  TERMINATION OF EMPLOYMENT, SERVICE OR DIRECTORSHIP.  Each DSU Award
Agreement shall set forth the extent to which the Participant shall have the
right to receive a payout of cash or Shares with respect to unvested DSUs
following termination of the Participant's employment, service or directorship
with the Company and/or its Subsidiaries. Such provisions shall be determined in
the sole discretion of the Committee, shall be included in each Award Agreement
entered into with a Participant with respect to DSUs, need not be uniform among
all DSUs issued pursuant to this Article 10 and may reflect distinctions based
on the reasons for termination.

                                   ARTICLE 11

                              PERFORMANCE MEASURES

     11.1  PERFORMANCE MEASURES.  Unless and until the Committee proposes and
shareholders approve a change in the general performance measures set forth in
this Article 11, the attainment of which may determine the degree of payout
and/or vesting with respect to Awards to Named Executive Officers which are
designed to qualify for the Performance-Based Exception, the performance
measure(s) to be used for purposes of such grants shall be chosen from among the
following alternatives:

          (a) Cash Flow;

          (b) Cash Flow Return on Capital;

          (c) Cash Flow Return on Assets;

          (d) Cash Flow Return on Equity;

          (e) Net Income;

          (f) Return on Capital;

          (g) Return on Assets;

          (h) Return on Equity;

          (i) Share Price;

          (j) Earnings Per Share;

          (k) Earnings Before Interest and Taxes;

          (l) Earnings Before Interest, Taxes, Depreciation and Amortization;
     and

          (m) Total Return to Shareholders.

     Subject to the terms of this Plan, each of these measures shall be defined
by the Committee on a consolidated, group or division basis or in comparison to
one or more peer group companies or indices, and may include or exclude
specified extraordinary items as defined by the Company's auditors.

     11.2  ADJUSTMENTS.  The Committee shall have the discretion to adjust
determinations of the degree of attainment of the pre-established performance
goals; provided, however, that Awards which are designed to qualify for the
Performance-Based Exception and which are held by Named Executive Officers may
not be adjusted upwards on a discretionary basis. The Committee shall retain the
discretion to adjust such Awards downward.

     11.3  COMPLIANCE WITH CODE SECTION 162(M).  In the event that applicable
tax and/or securities laws or regulations change to permit Committee discretion
to alter the governing performance measures without obtaining shareholder
approval of such changes, the Committee shall have sole discretion to make such
changes without obtaining shareholder approval. In addition, in the event that
the Committee determines that it is advisable to grant Awards to Named Executive
Officers which shall not qualify for the Performance-
                                       A-11
<PAGE>

Based Exception, the Committee may make such grants without satisfying the
requirements of Code Section 162(m) and regulations issued thereunder.

                                   ARTICLE 12

                            BENEFICIARY DESIGNATION

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

                                   ARTICLE 13

                                   DEFERRALS

     The Committee may, in its discretion, (a) permit selected Participants to
elect to defer payment of some or all types of Awards in accordance with the
procedures established by the Committee or (b) provide for the deferral of an
Award in an Award Agreement or otherwise. Any deferred payment, whether elected
by the Participant or specified in an Award Agreement or by the Committee, may
be forfeited if and to the extent that the applicable Award Agreement so
provides.

                                   ARTICLE 14

                 RIGHTS OF EMPLOYEES, DIRECTORS AND CONSULTANTS

     14.1  EMPLOYMENT OR SERVICE.  Nothing in this Plan shall interfere with or
limit in any way the right of the Company to terminate any Participant's
employment or service at any time, nor confer upon any Participant any right to
continue in the employ or service of the Company.

     14.2  NO CONTRACT OF EMPLOYMENT.  Neither the Award nor any benefits
arising under this Plan shall constitute part of a Participant's employment
contract with the Company or any Subsidiary, and accordingly, subject to the
provisions of Article 16 herein, this Plan and the benefits hereunder may be
terminated at any time in the sole and exclusive discretion of the Board without
giving rise to liability on the part of the Company or any Subsidiary for
severance payments.

     14.3  TRANSFERS BETWEEN PARTICIPATING ENTITIES.  For purposes of this Plan,
a transfer of a Participant's employment between the Company and a Subsidiary,
or between Subsidiaries, shall not be deemed to be a termination of employment.
Upon such a transfer, the Committee may make such adjustments to outstanding
Awards as it deems appropriate to reflect the change in reporting relationships.

                                   ARTICLE 15

                               CHANGE IN CONTROL

     The treatment of outstanding Awards upon the occurrence of a Change in
Control, unless otherwise specifically prohibited under applicable laws, or by
the rules and regulations of any governing governmental agencies or national
securities exchanges shall be determined in the sole discretion of the Committee
and shall be described in the Award Agreements and need not be uniform among all
Awards granted pursuant to the Plan.

                                       A-12
<PAGE>

                                   ARTICLE 16

                    AMENDMENT, MODIFICATION, AND TERMINATION

     16.1  AMENDMENT, MODIFICATION, AND TERMINATION.  The Board may at any time
and from time to time, alter, amend, suspend or terminate this Plan in whole or
in part, provided however that shareholder approval shall be required for any
amendment that materially alters the terms of the Plan or is otherwise required
by applicable legal requirements. No amendment or alteration that would
adversely affect the rights of any Participant under any Award previously
granted to such Participant shall be made without the consent of such
Participant.

     16.2  ADJUSTMENT OF AWARDS UPON THE OCCURRENCE OF CERTAIN UNUSUAL OR
NONRECURRING EVENTS.  The Committee may make adjustments in the terms and
conditions of, and the criteria included in, Awards in recognition of unusual or
nonrecurring events (including, without limitation, the events described in
Section 4.3 hereof) affecting the Company or the financial statements of the
Company or in recognition of changes in applicable laws, regulations or
accounting principles, whenever the Committee determines that such adjustments
are appropriate in order to prevent unintended dilution or enlargement of the
benefits or potential benefits intended to be made available under this Plan.

                                   ARTICLE 17

                                  WITHHOLDING

     The Company shall have the right to deduct applicable taxes from any Award
payment and withhold, at the time of delivery or vesting of cash or Shares under
this Plan, or at the time applicable law otherwise requires, an appropriate
amount of cash or number of Shares or a combination thereof for payment of taxes
required by law or to take such other action as may be necessary in the opinion
of the Company to satisfy all obligations for withholding of such taxes. The
Committee may permit withholding to be satisfied by the transfer to the Company
of Shares theretofore owned by the holder of the Award with respect to which
withholding is required. If Shares are used to satisfy tax withholding, such
Shares shall be valued at their Fair Market Value when the tax withholding is
required to be made.

                                   ARTICLE 18

                                INDEMNIFICATION

     Each person who is or shall have been a member of the Committee, or of the
Board or an officer of the Company to whom the Committee has delegated authority
in Article 3 shall be indemnified and held harmless by the Company against and
from (a) any loss, cost, liability, or expense that may be imposed upon or
reasonable incurred by him or her in connection with or resulting from any
claim, action, suit or proceeding to which he or she may be a party or in which
he or she may be involved by reason of any action taken or failure to act under
this Plan, except for any such action or failure to act that constitutes willful
misconduct on the part of such person or as to which any applicable statute
prohibits the Company from providing indemnification, and (b) against and from
any and all amounts paid by him or her in settlement of any claim, action, suit
or proceeding as to which indemnification is provided pursuant to clause (a) of
this sentence, with the Company's approval, or paid by him or her in
satisfaction of any judgment or award in any such action, suit or proceeding
against him or her, provided he or she shall give the Company an opportunity, at
its own expense, to handle and defend the same before he or she undertakes to
handle and defend it on his or her own behalf.

     The foregoing right of indemnification shall be in addition to any other
rights of indemnification to which such persons may be entitled under the
Company's Articles of Incorporation or Amended and Restated By-laws (each, as
amended from time to time), as a matter of law, or otherwise, or any power that
the Company may have to indemnify them or hold them harmless.

                                       A-13
<PAGE>

                                   ARTICLE 19

                                   SUCCESSORS

     All obligations of the Company under this Plan with respect to Awards
granted hereunder shall be binding on any successor to the Company, whether the
existence of such successor is the result of a direct or indirect purchase,
merger, consolidation or other transaction, of all or substantially all of the
business and/or assets of the Company.

                                   ARTICLE 20

                               GENERAL PROVISIONS

     20.1  RESTRICTIONS AND LEGENDS.  No Shares or other form of payment shall
be issued with respect to any Award unless the Company shall be satisfied, based
on the advice of its counsel, that such issuance will be in compliance with
applicable U.S. federal and state securities laws. Certificates evidencing
Shares delivered under this Plan (to the extent that such Shares are so
evidenced) may be subject to such stop-transfer orders and other restrictions as
the Committee may deem advisable under the rules, regulations and other
requirements of the Securities and Exchange Commission, any securities exchange
or transaction reporting system upon which the Shares are then listed or to
which they are admitted for quotation and any applicable U.S. federal or state
securities law. The Committee may cause a legend or legends to be placed upon
such certificates (if any) to make appropriate reference to such restrictions.

     The Committee may require each person receiving Shares pursuant to an Award
under this Plan to represent to and agree with the Company in writing that the
Participant is acquiring the Shares for investment without a view to
distribution thereof. In addition to any other legend required by this Plan, the
certificates for such Shares may include any legend that the Committee deems
appropriate to reflect any restrictions on transfer of such Shares.

     20.2  GENDER AND NUMBER.  Except where otherwise indicated by the context,
any masculine term used herein also shall include the feminine, the plural shall
include the singular and the singular shall include the plural.

     20.3  SEVERABILITY.  If any provision of this Plan shall be held illegal or
invalid for any reason, the illegality or invalidity shall not affect the
remaining parts of this Plan, and this Plan shall be construed and enforced as
if the illegal or invalid provision had not been included.

     20.4  REQUIREMENTS OF LAW.  The granting of Awards and the issuance of
Shares under this Plan shall be subject to all applicable laws, rules and
regulations, and to such approvals by any governmental agencies or national
securities exchanges as may be required.

     20.5  UNCERTIFICATED SHARES.  To the extent that this Plan provides for
issuance of certificates to reflect the transfer of Shares, the transfer of such
Shares may be effected on a noncertificated basis, to the extent not prohibited
by applicable law or the rules of any stock exchange or transaction reporting
system on which the Shares are listed or to which the Shares are admitted for
quotation.

     20.6  UNFUNDED PLAN.  Insofar as this Plan provides for Awards of cash,
Shares or rights thereto, it will be unfunded. Although the Company may
establish bookkeeping accounts with respect to Participants who are entitled to
cash, Shares or rights thereto under this Plan, it will use any such accounts
merely as a bookkeeping convenience. Participants shall have no right, title or
interest whatsoever in or to any investments that the Company may make to aid it
in meeting its obligations under this Plan. Nothing contained in this Plan, and
no action taken pursuant to its provisions, shall create or be construed to
create a trust of any kind, or a fiduciary relationship between the Company and
any Participant, beneficiary, legal representative or any other person. To the
extent that any person acquires a right to receive payments from the Company
under this Plan, such right shall be no greater than the right of an unsecured
general creditor of the Company. All payments to be made hereunder shall be paid
from the general funds of the Company and no special or

                                       A-14
<PAGE>

separate fund shall be established and no segregation of assets shall be made to
assure payment of such amounts, except as expressly set forth in this Plan. This
Plan is not intended to be subject to ERISA.

     20.7  NO FRACTIONAL SHARES.  No fractional Shares shall be issued or
delivered pursuant to this Plan or any Award. The Committee shall determine
whether cash, Awards or other property shall be issued or paid in lieu of
fractional Shares or whether such fractional Shares or any rights thereto shall
be forfeited or otherwise eliminated.

     20.8  GOVERNING LAW.  This Plan and all determinations made and actions
taken pursuant hereto, to the extent not otherwise governed by mandatory
provisions of the Code or the securities laws of the United States, will be
governed by and construed in accordance with the laws of the State of Louisiana.

                                       A-15

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