Document:

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                                                                   Exhibit 10.57

                                                        (GREENFIELD ONLINE LOGO)

September 28, 2005

Mr. Dean A. Wiltse
4 Brandon Circle
Wilton, CT 06897

      Re:   Separation Agreement And General Release

Dear Dean,

      This separation agreement and general release ("Agreement") sets forth the
agreement concerning your separation from employment with Greenfield Online,
Inc. (the "Company").

      1.    CESSATION OF EMPLOYMENT. Pursuant to section 4(a) of the employment
agreement between yourself and the Company (the "Employment Agreement"), dated
April 1, 2004, the Company hereby confirms with you that we have mutually agreed
to the cessation of your employment effective September 28, 2005 (the
"Separation Date"). The Company also accepts your resignation from the Board of
Directors as well as your resignation from all other positions with Greenfield's
subsidiaries and affiliated companies.

      2. PAYMENTS DUE AS A RESULT OF SEPARATION. Pursuant to section 5(a) of the
Employment Agreement, the Company will pay you, less applicable withholdings and
deductions, (i) your regular base salary of $400,000 annually to and through the
Separation Date and (ii) severance pay in the amount of your regular base salary
of $400,000 annually for a period of twenty-four (24) months immediately
following the Separation Date (the "Severance Period"). The foregoing payments
shall be made in the form of salary continuation pursuant to the Company's
regular payroll practices. Consistent with the Company's bonus plan applicable
to the calendar year 2005 and the Employment Contract, because you have failed
to attain your performance objectives for 2005 and for the percentage of the
current fiscal year that has elapsed through the Separation Date, you are not
entitled to, and have not been awarded, any annual bonus (pro rata or otherwise)
for 2005. In the event of a "Change In Control" the remaining Severance Period,
if any, shall be accelerated and all amounts of severance pay remaining, if any,
shall become immediately due and payable (the "Acceleration Payment") to you
within thirty (30) days of the date of the Change In Control; provided, however,
no Acceleration
<PAGE>
Mr. Dean A. Wiltse
Page 2
SEPTEMBER 28, 2005

Payment shall be made to you until the expiration of the non-competition period
set forth in paragraph 8 of the Employment Agreement. A "Change of Control"
shall be deemed to have occurred if: (A) at any time after the date hereof,
there shall occur (1) any consolidation or merger of Company in which Company is
not the continuing or surviving corporation or pursuant to which the shares of
common stock of Company ("Common Stock") would be converted into cash,
securities or other property, or (2) any sale, lease, exchange or other transfer
(in one transaction or a series of related transactions) of assets accounting
for 80% or more of total assets or 80% or more of the total revenues of Company,
other than, in case of either (1) or (2), a consolidation or merger with, or
transfer to, a corporation or other entity of which, or of the parent entity of
which, immediately following such consolidation, merger or transfer, (x) more
than 50% of the combined voting power of the then outstanding voting securities
of such entity entitled to vote generally in the election of directors (or other
determination of governing body) is then beneficially owned (within the meaning
of Rule 13d-3 under the Securities Exchange Act of 1934) by all or substantially
all of the individuals and entities who were such owners of Common Stock
immediately prior to such consolidation, merger or transfer in substantially the
same proportion, as among themselves, as their ownership of Common Stock
immediately prior to such consolidation, merger or transfer, or (y) a majority
of the directors (or other governing body) consists of members of the Board of
Directors of Company in office on the date hereof (were appointed after the date
hereof by the vote of the majority of such Directors); or (B) at any time after
the date hereof, the stockholders of Company approve a complete liquidation or
dissolution of Company, except in connection with a recapitalization or other
transaction which does not otherwise constitute a Change of Control.

      3.    ADDITIONAL SEVERANCE IN EXCHANGE FOR SIGNING AGREEMENT. In
consideration for executing this Agreement and in exchange for the promises,
covenants, releases, and waivers set forth herein, the Company will pay you the
additional severance benefits (provided you do not revoke this Agreement
pursuant to paragraph 18, below) set forth in Section 5. You acknowledge and
agree that, if you do not enter into this Agreement, you will not be entitled to
the severance benefits provided by this paragraph and you will receive only the
severance pay set forth in paragraph 2, above. All severance benefits provided
for in this paragraph 3 will be reported to you on IRS form 1099.

      4.    STOCK AND STOCK OPTIONS. All restricted stock, stock options or
other equity based incentive awards that you have been offered or awarded by the
Company, and the terms and conditions thereof, shall continue to be governed by
the applicable agreements and plan documents governing such options and awards
(collectively, the "Stock Agreements"), as modified by Section 5(c) of the
Employment Agreement. Provided that you have complied with all applicable laws,
rules, regulations and Company policies related to the sale of unregistered
securities, the Company agrees to take prompt action at your request to assist
in the removal of any restrictive legend affixed to your stock certificates.

      5.    COBRA INSURANCE AND OTHER PAYMENTS. The Company will pay you or on
your behalf the following additional severance benefits: (i) For a period of 24
months following Separation of your employment, the Company will continue to pay
the premiums due
<PAGE>
Mr. Dean A. Wiltse
Page 3
SEPTEMBER 28, 2005

on your individual life and disability policies previously provided by the
Company as a benefit to you, (ii) for a period of twelve (12) months following
the Separation of your employment, the Company will pay the COBRA payments for
the continuation of your group health and dental coverages under the Company's
group plans as they exist during such 12 month period, and (iii) the Company
will pay you a lump sum payment of $15,384 within 30 days of the date of this
Agreement.. To the extent you remain entitled to insurance continuation coverage
under COBRA after the initial twelve month period you will be entitled to
continue those benefits at your own expense in accordance with 29 U.S.C Sec.
1162.

      6.    NO OTHER PAYMENTS. You represent, warrant and acknowledge that the
Company owes you no wages, commissions, bonuses, sick pay, personal leave pay,
severance pay, vacation pay, reimbursement for business expenses or other
compensation or benefits or payments or form of remuneration of any kind or
nature, other than that specifically provided for in this Agreement.

      7.    GENERAL RELEASE. Except for the obligations undertaken by the
Company under this Agreement, you, on your own behalf, and on the behalf of your
respective descendants, dependants, heirs, executors, administrators, assigns
and successors, hereby generally release the Company, its parent and subsidiary
organizations and related companies, and their successors and assigns, and any
company or individual employed by or affiliated with such organizations and each
of their officers, directors, employees, representatives, agents, attorneys, and
shareholders (collectively, "Releasees") from any and all rights, actions,
suits, claims or demands of all kinds and descriptions (collectively, "claims")
that you ever had, now have or hereafter can, shall or may have against
Releasees by reason of or arising out of any act, matters or omissions of
Releasees on or before the date of your execution of this Agreement, including,
but not limited to, all claims regarding your employment with the Company, any
events that may have occurred during the course of your employment or the
Separation of your employment, or any other matters or claims of any kind or
nature. This includes, without limitation, a release of any claims for unpaid
wages, holiday pay, overtime or other compensation, breach of contract
(including without limitation the Employment Agreement), wrongful discharge,
disability benefits, life, health and medical insurance, sick leave, or any
other fringe benefit, employment discrimination, unlawful harassment,
retaliation, emotional distress, violations of public policy, defamation,
wrongful Separation and severance pay. You are also specifically releasing any
rights or claims you may have, if any, under the Family and Medical Leave Act,
the Worker Adjustment Retraining and Notification Act, the Age Discrimination in
Employment Act ("ADEA") (which prohibits discrimination in employment based on
age), Older Workers Benefit Protection Act of 1990 ("OWBPA") (which also
prohibits discrimination in employment based on age), Title VII of the Civil
Rights Act of 1964, the Civil Rights Act of 1991, the Civil Rights Act of 1866,
the Rehabilitation Act, the Labor Management Relations Act, the Equal Pay Act,
the Americans with Disabilities Act, the Connecticut Fair Employment Practices
Act, all the above statutes as amended from time to time and any other federal,
state or local laws, rules or regulations whether equal employment laws, rules
or regulations or otherwise, or any right under any Company pension, welfare, or
stock plans. This release covers both claims that you know about, and those that
you may not know about.
<PAGE>
Mr. Dean A. Wiltse
Page 4
SEPTEMBER 28, 2005

By signing this Agreement, you are forever giving up your rights to make the
aforementioned claims or demands. Provided, however, that this release is not
intended to waive any claims or rights you may have under any employee benefit
plan, equity interests in the form of stock grants and/or options, any rights to
indemnification from or against the Company relating to your acts or omissions
as an employee, officer or director of the Company, and any claims based on any
alleged breach of this Agreement.

      8.    NO PENDING OR FUTURE LAWSUITS OR PARTICIPATION IN LAWSUITS. You
acknowledge that you have not filed any claim, lawsuit or charge against any of
the Releasees. You hereby promise never to file a lawsuit asserting any claims
that you have released in Paragraph 7, above. In addition, to the extent any
such proceeding may be brought by anyone, you expressly waive any claim to any
form of monetary or other damages, or any other form of recovery or relief in
connection with any such action.

      9.    NON-ADMISSION OF LIABILITY. This Agreement shall not be construed as
evidence of or an admission of any wrongdoing or violation of any law,
regulation, rule, or agreement.

      10.   CONSEQUENCES OF YOUR VIOLATION OF PROMISES. If you breach this
Agreement including, but not limited to, by filing, bringing or participating in
any claims or actions contrary to your agreements and representations made in
paragraphs 7 and 8 above or breaching your obligations under paragraphs 6
("Nondisclosure and Nonuse of Confidential Information"), 7 ("Inventions and
Patents"), 8 ("Non-Compete, Non-Solicitation, Non-Disparagement"), 9 ("Delivery
of Materials Upon Termination of Employment") and 11 ("Enforcement") of the
Employment Agreement (which paragraphs are incorporated by reference pursuant to
paragraph 23 below, in addition to any other rights and remedies the Company may
have, (a) you will immediately reimburse the Company for all amounts paid to you
under Section 3 of this Agreement; and (a) you shall forfeit all rights to any
and all future payments and benefits, if any, under this Agreement. Clauses (a)
and (b) of the preceding sentence shall not apply to any claims that you file
under ADEA or OWBPA or any challenge that you make to the validity of the ADEA
or OWBPA waiver contained in this Agreement. While you may challenge the
validity of the ADEA or OWBPA waiver herein, in the event you unsuccessfully do
so, you may be held liable for the Company's attorneys' fees and costs to the
same extent that successful defendants are allowed attorneys' fees under the
ADEA and/or OWBPA.

      11.   LEGAL PROCESS. If you are served with legal process or other request
purporting to require you to testify and/or produce documents at a legal
proceeding involving any of the Releasees, you shall (a) refuse to provide
testimony or documents absent a subpoena, court order or similar process from a
regulatory agency; (b) promptly notify the Company of such legal process or
other request; and (c) promptly deliver to the Company a copy of all legal
papers and documents served upon you and - prior to producing such documents -
any and all documents that are responsive to such legal process or request.
<PAGE>
Mr. Dean A. Wiltse
Page 5
SEPTEMBER 28, 2005

      12.   NON-DISCLOSURE AND CONFIDENTIALITY. You agree that you will not at
any time, whether directly or indirectly, use or divulge, disclose or
communicate to any person, firm or corporation any confidential, secret and/or
proprietary information respecting the Company's business and its transactions
and relationships with its members or others ("Confidential Information"),
whether heretofore or hereafter obtained by you while in the employ of the
Company. For purposes of this Agreement, Confidential Information shall also
include all information and data not generally known outside the Company
including, but not limited to, the terms of transactions engaged in by the
Company or its members, financial data, business plans, advertising and
promotional plans, trade secrets and business information to which you had
access in the course of your employment with the Company, and to which you would
not otherwise have had access had you not been so employed, excluding only
information relating to the general methodology and mechanics employed by you in
the performance of your duties at the Company. You agree not to take or use,
without prior consent of the Company, any memoranda, notes (whether or not
prepared by you during the course of your employment with the Company), lists,
schedules, forms or other documents, papers or records of any kind, relating to
the Company's business or its clients or any reproduction, summary or abstract
thereof, all of which you acknowledge are the exclusive property of the Company.
You hereby acknowledge that you have returned to the Company all such materials.
To the extent there is a conflict between the terms of this paragraph and those
of paragraph 6 of the Employment Agreement, the terms of this paragraph shall
govern.

      13.   CONFIDENTIALITY OF THIS AGREEMENT. The terms of this Agreement,
including the specific amount paid hereunder, are and shall be kept confidential
and shall not hereafter be disclosed by you to any other person or entity,
except (i) as may be required by law; (ii) as may be required by any taxing
authority; (iii) to your counsel, accountants, or financial advisors; (iv) as
may be required in the performance or enforcement of this Agreement, and (v) to
your immediate family members, as necessary, provided that you make the person
to whom disclosure is made aware of the confidentiality provisions of this
Agreement and such person to whom disclosure is to be made agrees to keep the
terms and conditions of this Agreement fully confidential.

      14.   COMPANY PROPERTY. You agree that all automobiles, books, handbooks,
manuals, files, papers, memoranda, letters, facsimile, software, computers
(provided you may keep your Sony laptop), PDAs, Blackberries and other materials
and equipment of any kind which you have in your possession that were issued,
written, authorized, signed, received or transmitted during the course of your
employment with the Company are and remain the property of the Company and, as
such, are not to be removed from the Company's offices. You further agree to
return to the Company immediately any such materials and equipment that you
possess, but which are not in the Company's offices. Additionally, you
acknowledge and agree that you have either deleted or removed and returned all
Company records, files and other electronically stored information from your
office and, if any, home computer(s), and any information you maintain on the
Sony Laptop described above will be maintained in confidence by you, subject to
the terms of this Agreement and your Employment Agreement and will only be used
by you on behalf of and at the instruction of the Company.
<PAGE>
Mr. Dean A. Wiltse
Page 6
SEPTEMBER 28, 2005

      15.   NON-DISPARAGEMENT. You shall not issue or cause to be issued any
communication, written, oral or otherwise, that disparages, criticizes or
otherwise reflects adversely or encourages any adverse action against the
Company, its employees or directors. The Company agrees that it's Directors and
its executive officers required to file reports pursuant to Section 16 of the
Securities and Exchange Act of 1934, will not issue or cause to be issued any
communication, written, oral or otherwise, that disparages, criticizes or
otherwise reflects adversely or encourages any adverse action against you.

      16.   PERIOD FOR REVIEW AND CONSIDERATION. You understand that you have
been given a period of 21 days to review and consider this Agreement before
signing it. You may use as much of this 21-day period as you wish prior to
signing. To accept the terms of this Agreement, you must execute and deliver
this Agreement to the undersigned on or before October 21, 2005[. However, in no
event should you sign and execute this Agreement prior to the Separation Date.
Any changes to this Agreement will not restart the above-described 21-day
period.

      17.   ENCOURAGEMENT TO CONSULT WITH ATTORNEY. You are encouraged to
consult with an attorney or other representative prior to signing this
Agreement. By signing this Agreement, you are signifying that you have read and
understand this Agreement thoroughly, that you have had the opportunity to
consult with an attorney prior to signing, and that your agreement to the terms
of this Agreement, including, but not limited to, your waiver of all rights and
claims against the Company under ADEA or OWBPA for age discrimination,
retaliation or otherwise, is knowing, willing and voluntary.

      18.   RIGHT TO REVOKE. You may revoke this Agreement within 7 days after
you have signed it (the "Revocation Period"). Revocation must be made-by
delivering a written notice of revocation to the undersigned at the Company's
offices no later than 5:00 p.m. on the seventh day after you have signed this
Agreement. If you revoke this Agreement, it will not be effective and
enforceable.

      19.   COOPERATION. You agree to assist and cooperate with the Company in
connection with the defense or prosecution of any claim that may be made against
or by the Company, or in connection with any ongoing or future investigation or
dispute or claim of any kind involving the Company, including any proceeding
before any arbitral, administrative, judicial, legislative, or other body or
agency, including testifying in any proceeding to the extent such claims,
investigations or proceedings relate to services performed or required to be
performed by you, pertinent knowledge possessed by you, or any act or omission
by you. You will also perform all acts and execute and deliver any documents
that may be reasonably necessary to carry out the provisions of this paragraph.
During the Severance Period, you further agree to participate in any debriefing
and to answer questions as to Company matters and the Company's business affairs
upon request, all without additional compensation, so long as such cooperation
does not unduly interfere with your other business activities. The Company will
reimburse you for reasonable expenses you incur in fulfilling your obligations
under this paragraph.
<PAGE>
Mr. Dean A. Wiltse
Page 7
SEPTEMBER 28, 2005

      20.   CHOICE OF LAW AND FORUM. This Agreement shall be interpreted and
enforced in accordance with the laws of the State of Connecticut, without regard
to its conflict-of-law principles. You agree that any dispute concerning or
arising out of this Agreement shall be tried in an appropriate state or federal
court in Connecticut.

      21.   HEADINGS. The paragraph headings in this Agreement are for
convenience of reference only and shall not be deemed to alter or affect the
meaning or interpretation of any provision hereof.

      22.   CONSTRUCTION. You agree that the general rule pertaining to
construction of contracts that ambiguities are to be construed against the
drafter shall not apply to this Agreement.

      23.   ENTIRE AGREEMENT. This Agreement and the Stock Agreements represent
the entire agreements between you and the Company, superceding all prior written
or oral agreements, including without limitation the Employment Agreement,
except that you hereby reaffirm your obligations under paragraphs 6
("Nondisclosure and Nonuse of Confidential Information"), 7 ("Inventions and
Patents"), 8 ("Non-Compete, Non-Solicitation, Non-Disparagement")(as modified
below), 9 ("Delivery of Materials Upon Termination of Employment") and 11
("Enforcement") of the Employment Agreement, which paragraphs are hereby
incorporated into this Agreement by this reference and made a part hereof as if
set forth in full. In addition, the term "Competitive Business" as defined
herein, shall apply to paragraph 8 ("Non-Compete, Non-Solicitation,
Non-Disparagement"), of the Employment Agreement. This Agreement may not be
modified, altered or changed except by written agreement signed by you and an
officer of the Company. You agree that the Company has made no promises to you
other than those expressly contained in this Agreement and the Stock Agreements.
"COMPETITIVE BUSINESS" is the present business of the Company, which is deemed
to include (i) the provision of Internet survey solutions to the global
marketing research industry, including internet survey data collection products
and services, the recruitment and management of Internet-based panels, and any
other activities whose purpose it is to elicit responses from consumers for
market-research purposes, and (ii) the creation and operation of shopping search
engines or the creation or operation of consumer product reviews and consumer
product ratings platforms. Shopping search engines are defined as websites whose
primary business it is, by way of providing product and price databases, to help
Internet users make more informed purchasing decisions and which generate
revenues from affiliated websites in relation to visitors directed to such
affiliated websites from the shopping search engine site. Revenues can be
obtained by cost per click, cost per lead, or other revenue models. Consumer
product review and ratings platforms are websites whose primary business is to
allow members or website visitors to convey their opinions on various consumer
products from which a rating scale is derived., or (iii) selling products and
services on an online registration page created for the purpose of acquiring
panel members for marketing research panels or to take marketing research
surveys or creating and maintaining an affiliate network of publishers and
advertisers. Without limiting the generality of the foregoing, the following
businesses are Competitive Businesses:
<PAGE>
Mr. Dean A. Wiltse
Page 8
SEPTEMBER 28, 2005

1 Survey Sampling
2 GMI
3 E-Rewards
4 Luth
5 OTX
6 Common Knowledge
7 Digital Marketing Services
8 LightSpeed
9 HISB
10 SurveyDirect
11 OpenVenue
12 Test Spin
13 Decision Analyst
14 E-Search
15 Sample Czar
16 EasyMail
17. Bloomerce/ SSI
18. Research Now
19. Toluna
20. Speedfacts
21. Euroclix
22. Harris/ Novatris

      24.   SEVERABILITY. If any provision of this Agreement is held to be
invalid, the remaining provisions shall remain in full force and effect.
However, the invalidity of any such provision shall have no effect upon, and
shall not impair the enforceability of the release language set forth in
paragraph 7, provided that, upon a finding by a court of competent jurisdiction
that the release language found in paragraph 7 is unenforceable, the Company
shall rewrite paragraph 7 to cure the defect and you shall re-execute the
release upon request, and you shall not be entitled to any additional monies,
benefits and/or compensation therefor. If a court of competent jurisdiction
finds that the release language found in paragraph 7 is unenforceable and the
defect is incurable such that the release will be ineffective, you agree to
return to the Company all monies that it paid to you under this Agreement and
that you will no longer be entitled to any additional payments owed to you under
this Agreement, if any.

               [THE REMAINDER OF THIS PAGE IS INTENTIONALLY BLANK]
<PAGE>
Mr. Dean A. Wiltse
Page 9
SEPTEMBER 28, 2005

      25.   BINDING EFFECT. This Agreement shall be binding upon and inure to
the benefit of the Releasees, you and/or any individual or entity who may claim
any interest in the matters covered by this Agreement through you.

                                              Very truly yours,

                                              GREENFIELD ONLINE, INC.

                                              By: /s/ Jonathan A. Flatow
                                                 -------------------------------
                                                 Name:  Jonathan A. Flatow
                                                 Title: Secretary

ACCEPTED AND AGREED TO:

/s/ Dean A. Wiltse
-------------------------------
Dean A. Wiltse

Date  9/28/05
    ---------------------------<PAGE>

                                                                     EX-10.A (i)

                          NAPCO SECURITY SYSTEMS, INC.

                              AMENDED AND RESTATED

                        1992 INCENTIVE STOCK OPTION PLAN

                   (Extended 1982 Incentive Stock Option Plan)

     1. Purpose of the Plan. This 1992 Incentive Stock Option Plan (hereinafter
referred to as the "Plan"), constituting a ten-year extension of the 1982
Incentive Stock Option Plan, is intended to encourage ownership of stock of
Napco Security Systems, Inc. (hereinafter referred to as the "Corporation") by
key employees of the Corporation and its subsidiaries, if any, and to provide
additional incentive for them to promote the success of the business. As used in
the Plan the term "subsidiary" shall have the same meaning as the term
"subsidiary corporation" defined in Section 425(f) of the Internal Revenue Code
of 1986, as amended (the "Code").

     2. Scope of the Plan. An aggregate of Eight Hundred Fifteen Thousand Nine
Hundred Thirty-Three (815,933) shares (representing Seven Hundred Twenty-seven
Thousand Nine Hundred Thirty-three (727,933) shares for future options and
Eighty-Eight Thousand (88,000) shares for outstanding options) of the
Corporation's Common Stock, par value $.01 per share (hereinafter referred to as
"Common Stock"), shall be available and reserved for issue under the Plan
subject, however, to the provisions of Section 12 hereof. If an option should
expire or terminate for any reason without having been exercised in full, the
unpurchased shares that were subject thereto shall, unless the Plan shall have
terminated, become available for other options under the Plan. Common Stock
shall not be issued in respect of an option granted under the Plan unless the
exercise of such option and the issuance and delivery of shares of Common Stock
pursuant thereto shall comply with all relevant provisions of law, including the
Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as
amended, the rules and regulations thereunder, and the requirements of any stock
exchange upon which the Common Stock may then be listed, and shall be further
subject to the approval of the Corporation's counsel with respect to such
compliance.

     3. Administration of the Plan. The Plan shall be administered by the Board
of Directors or a Stock Option Committee (hereinafter sometimes referred to as
the "Committee") of the Board of Directors of the Corporation. Directors of the
Corporation who are either eligible for options or to whom options have been
granted may vote on any matters affecting the administration of the Plan or the
granting of options under the Plan; provided, however, that no option may be
granted to a director under the Plan except by:

          (a) The Committee at a meeting at which a majority of its members are
          disinterested persons; or

          (b) The Board of Directors at a meeting at which the majority of
          directors present and a majority of the directors voting on a grant,
          are disinterested persons.

     For purposes of this Section 3, a "disinterested person" is a person who,
at a given meeting of the Committee or the Board of Directors, is not being
considered to receive a grant of stock options under the Plan or any other stock

                                       E-1

<PAGE>

option plan of the Corporation or its subsidiaries.

     Without limiting the generality of the foregoing, the Board of Directors
shall have full and final authority in its discretion, but subject to the
express provisions of the Plan, to determine the fair market value of the Common
Stock covered by each option; to select the key employees of the Corporation and
its subsidiaries to whom, and the time or times at which, options shall be
granted; to determine the manner in which options may be exercised; to determine
the number of shares to be covered by each option and the consideration, if any,
to flow to the Corporation for each option; to interpret the Plan; to prescribe,
amend, and rescind rules and regulations relating to the Plan; to determine the
terms and provisions of each option granted under the Plan (which need not be
identical); to accelerate any exercise date of any option; to waive restrictions
imposed with respect to the transferability of stock acquired on exercise of
options granted under the Plan; to cancel an option previously granted to an
optionee and issue a new option to such optionee at a lower price, provided that
such optionee's consent is first obtained; to authorize any person to execute on
behalf of the Corporation an option agreement with respect to an option
previously granted by the Board of Directors; and to make all other
determinations deemed necessary or advisable for the administration of the Plan.

     4. Eligibility. Options may be granted only to valued employees (including
officers and directors who are employees) of the Corporation or any subsidiary;
provided, however, that no option shall be granted hereunder to any person in
whose hands such option is not an "incentive stock option" within the meaning of
Section 422 of the Code by reason of the stock ownership test set forth in
Section 422(b)(6) of the Code. However, options may be granted to such persons
under the Plan if such options would qualify as incentive stock options by
virtue of meeting the option price and term requirements set forth in Section
422(c)(5) of the Code. In selecting the individuals to whom options shall be
granted, as well as in determining the number of shares subject to each option,
the Board of Directors may take into consideration the recommendation of the
members of the Board of Directors who are also employees of the Corporation or a
subsidiary and such factors as it shall deem relevant in connection with
accomplishing the purposes of the Plan. An individual who has been granted an
option may, if he is otherwise eligible, be granted an additional option or
options.

     5. Option Price. The purchase price to be paid for Common Stock transferred
pursuant to the exercise of any option granted under the Plan shall be not less
than the fair market value of such stock on the date the option is granted as
provided in Section 14 hereof (but in no event less than the par value of the
Common Stock), and shall not thereafter be subject to reduction except as
provided in Section 12 hereof; provided, however, that the purchase price to be
paid for Common Stock issued pursuant to an option granted to an individual who,
at the time of grant, owns stock possessing more than ten percent of the total
combined voting power of all classes of stock of the Corporation or its
subsidiaries, as described in Section 422(b)(6) of the Code, shall, as provided
by Section 422(c)(5) of the Code, be not less than 110% of the fair market value
of the Common Stock. For purposes of the Plan the fair market value of the
Common Stock on any date shall be determined by the Board of Directors. The
proceeds of sale of Common Stock subject to option are to be added to the
general funds of the Corporation and used for such corporate purposes as the
Board of Directors may determine.

     6. Term of Options. The term of each option granted under the Plan shall be

                                       E-2

<PAGE>

not more than five years from the date of the granting thereof, subject to its
earlier termination as hereinafter provided.

     7. Non-Transferability of Options. An option granted under the Plan shall
by its terms not be transferable and an option may be exercised, during the
lifetime of the holder of the option, only by such holder. More particularly,
but without limiting the generality of the foregoing, an option may not be
assigned, transferred, pledged, or hypothecated in any way (whether by operation
of law or otherwise), and will not be subject to execution, attachment or
similar process. Any attempted assignment, transfer, pledge, hypothecation or
other disposition of any option contrary to the provisions of the Plan, and any
levy of any attachment or similar process upon an option will be null and void
and without effect, and the Board of Directors may, in its discretion, upon the
happening of any such event, terminate an option forthwith.

     8. Annual Limitation on Options Granted. To the extent that the aggregate
fair market value of stock with respect to which incentive stock options
(determined without regard to this subsection) are exercisable for the first
time by any individual during any calendar year (under all plans of the
individual's employer corporation and its parent and subsidiary corporations)
exceeds One Hundred Thousand ($100,000) Dollars, such options shall be treated
as options which are not incentive stock options.

     9. Exercise of Options. Except as hereinafter provided in this Section 9
and in Sections 3 and 11, options may be exercised within the year of grant (as
the Board of Directors, in its discretion, shall determine) with respect to no
more than twenty percent (20%) of the total number of shares of Common Stock
subject to such grant. Thereafter, during each succeeding year beginning on an
anniversary date, options with respect to an additional twenty percent (20%) of
the total number of shares subject to a grant may be exercised. However, no
option shall be exercisable after the expiration of the term thereof as provided
in Section 6. Moreover, an option shall not be exercisable unless the holder
thereof shall, at the time of exercise, be an employee of the Corporation or a
subsidiary.

     Notwithstanding anything herein to the contrary, to the extent that the
Corporation has entered into a written employment agreement with the holder of
the option and such agreement provides that such options will vest upon a
"change in control" of the Corporation (as defined in such agreement), such
holder's options will vest and become immediately exercisable in full upon such
a change in control.

     The purchase price of any shares as to which an option shall be exercised
shall be paid in full at the time of exercise. The holder of an option shall not
have any of the rights of a stockholder with respect to the shares covered by
his option until such shares shall have been issued to him (as evidenced by the
appropriate entry on the books of a duly authorized transfer agent of the
Corporation) upon the purchase of such shares upon exercise of the option.

     10. Consideration. The Board of Directors shall determine the nature of the
consideration flowing to the Corporation in respect of each option granted under
the Plan as well as the conditions, if any, which it may deem appropriate to
assure that such consideration shall be received by, or shall accrue to, the
Corporation. The consideration specified in any option may be different from the
consideration specified in any other option, whether granted at the same or a
different time.

                                       E-3

<PAGE>

     11. Exercise Upon Cessation of Relationship With Corporation. The right of
a holder of an option to exercise such option shall terminate immediately upon
voluntary termination of service as an employee or dismissal, disability,
retirement, death or otherwise. Option agreements may contain such provisions as
the Board of Directors shall approve with reference to the effect of approved
leaves of absence, provided, however, that all options shall terminate not more
than five years after the date of grant.

     12. Adjustments. Options granted under the Plan shall contain such uniform
provisions as the Board of Directors shall, in its sole judgment, determine for
adjustment of the number and class of shares covered thereby, or of the option
prices (but not below the par value of the Common Stock), or both, to reflect a
stock dividend, stock split-up, share combination, exchange of shares,
recapitalization, merger, consolidation, acquisition or disposition of property
or shares, reorganization, liquidation, or other similar changes or
transactions, of or by the Corporation. In any such event the aggregate number
and class of shares available for issuance under the Plan shall be appropriately
adjusted and all the provisions of the Plan with respect to the number and class
of shares so available shall likewise be adjusted.

     13. Effectiveness of the Plan. The Plan shall become effective on October
8, 1992, but shall be subject to approval by the holders of Common Stock at a
meeting of stockholders of the Corporation duly called and held no later than
twelve months after the date of adoption of the Plan by the Board of Directors.

     14. Time of Granting Options. The date of grant of an option under the Plan
shall, for all purposes, be the date on which the Board of Directors makes the
determination granting such option; and no grant shall be deemed effective under
the Plan prior to such date. Notice of the determination shall be given to each
employee to whom an option is so granted within a reasonable time after the date
of such grant.

     15. Termination and Amendment of the Plan. The Plan shall terminate ten
(10) years from the date on which it is adopted by the Board of Directors or the
date on which it is approved by the stockholders, whichever is earlier. Prior
thereto, the Board of Directors may terminate the Plan at any time; provided,
however, that any such termination shall not affect any options then outstanding
under the Plan. No options under the Plan may be granted after termination of
the Plan.

     The Board of Directors from time to time may make such modifications or
amendments of the Plan and, with the consent of the holder of an option, of the
terms and conditions of his option, as it shall deem advisable, but may not,
without further approval of the stockholders of the Corporation, except as
provided in Section 12 hereof (a) increase the maximum number of shares which
shall be available and reserved for issue under the Plan, or (b) change the
employees or class of employees eligible to receive options, or (c) extend the
term of the Plan beyond the period provided in this paragraph.

     Neither the termination nor any modification or amendment of the Plan
shall, without the consent of the holder of an option theretofore granted under
the Plan, adversely affect the rights of such holder with respect to such
option.

     16. Termination of Right of Action. Every right of action arising out of or
in connection with the Plan by or on behalf of the Corporation or a subsidiary

                                       E-4

<PAGE>

or by any stockholder of the Corporation or a subsidiary against any past,
present or future employee, or by an employee (past, present or future) against
the Corporation shall, irrespective of the place where an action may be brought
and irrespective of the place of residence of any such stockholder or employee,
cease and be barred by the expiration of three years from the date of the act or
omission in respect to which such right of action is alleged to have arisen.

     17. Registration Rights. If in the future the Corporation registers
additional shares with the Securities and Exchange Commission, the Corporation
will also register the shares subject to the options of this Plan.

Dated as of: October 8, 1992

Last Amended: February 22, 1999

                                        NAPCO SECURITY SYSTEMS, INC.

                                        By: /s/ Richard Soloway, President
                                            ------------------------------------

ATTEST:

By: /s/ Kevin S. Buchel, Senior Vice President
    ------------------------------------------

                                      E-5

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