Document:

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                                                                  Exhibit 10.115

                                IMPAC GROUP, INC.

                                     SECOND

                             1998 Stock Option Plan
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Article 1.  Establishment, Effective Date, Objectives, and Duration .....  1

Article 2.  Definitions .................................................  1

Article 3.  Administration ..............................................  5

Article 4.  Shares Subject to the Plan ..................................  6

Article 5.  Eligibility and General Conditions of Options ...............  7

Article 6.  Stock Options ...............................................  7

Article 7.  Rights of Employees .........................................  9

Article 8.  Amendment, Modification, and Termination ....................  9

Article 9.  Withholding ................................................. 10

Article 10. Pooling of Interests Accounting ............................. 11

Article 11. Cash Out of Options and Sale of Shares ...................... 11

Article 12. Successors .................................................. 12

Article 13. Additional Provisions ....................................... 12
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                                Impac Group, Inc.
                          1998 Second Stock Option Plan

Article 1. Establishment, Effective Date, Objectives, and Duration

      1.1 Establishment of Plan. Impac Group, Inc., a Delaware corporation (the
"Company"), hereby establishes the Impac Group, Inc. Second 1998 Stock Option
Plan (the "Plan"), as set forth herein, effective ______ (the "Effective Date").
The Plan has been adopted by the Board of Directors of the Company and approved
by the stockholders of the Company.

      1.2 Objectives of the Plan. The purposes of the Plan are to encourage
employees of the Company and its Subsidiaries to acquire a proprietary and
vested interest in the growth and performance of the Company, to generate an
increased incentive to contribute to the Company's future success and
prosperity, thus enhancing the value of the Company for the benefit of
shareholders, and to enhance the ability of the Company and its Subsidiaries to
attract and retain individuals of exceptional talent upon whom, in large
measure, the sustained progress, growth and profitability of the Company
depends.

      1.3 Duration of the Plan. The Plan shall commence on the Effective Date
and shall remain in effect, subject to the right of the Board to amend or
terminate the Plan at any time pursuant to Article 9 hereof, until all Shares
subject to it shall have been acquired according to the Plan's provisions.

Article 2. Definitions

      Whenever used in the Plan, the following terms shall have the meanings set
forth below:

      2.1 "Article" means an Article of the Plan.

      2.2 "Board" means the Board of Directors of the Company.

      2.3 "Cause" means, unless otherwise defined in any Employment Agreement or
Option Agreement, any one or more of the following:

            (i) a Grantee's commission of a crime which, in the judgment of the
      Committee, is likely to result in injury to the Company or a Subsidiary;

            (ii) the material violation by the Grantee of written policies of
      the Company or a Subsidiary;

            (iii) the habitual neglect by the Grantee in the performance of his
      or her duties to the Company or a Subsidiary; or
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            (iv) action or inaction by the Grantee in connection with his or her
      duties to the Company or a Subsidiary resulting, in the judgment of the
      Committee, in a material injury to the Company or a Subsidiary.

      2.4 "Change of Control" means any of the following:

            (i) the acquisition or holding (other than by the Company or any
      current shareholder of the Company or any person under common control with
      any current shareholder of the Company) by any person, entity or "group"
      within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities
      Exchange Act of 1934 ("1934 Act"), (excluding, for this purpose, the
      Company or its Subsidiaries) of beneficial ownership (within the meaning
      of Rule 13d-3 promulgated under the 1934 Act) of the greater of 50% or
      more of either the then-outstanding Common Stock or the combined voting
      power of the Company's then-outstanding voting securities entitled to vote
      generally in the election of directors ("Voting Power"); except that (A)
      the following securities will not be considered in calculating the 50%
      amount: (1) any securities acquired directly from the Company pursuant to
      a written agreement with the Company, (2) any securities held by the
      Company or a subsidiary or any employee benefit plan (or any related
      trust) of the Company or a subsidiary and (B) no Change of Control shall
      be deemed to have occurred solely by reason of (I) any such acquisition by
      a corporation with respect to which, after such acquisition, more than 50%
      of both the then-outstanding common shares of such corporation and the
      Voting Power of such corporation are then beneficially owned, directly or
      indirectly, by the persons who were the beneficial owners of the Common
      Stock and voting securities of the Company immediately before such
      acquisition in substantially the same proportion as their ownership,
      immediately before such acquisition, of the then outstanding Common Stock
      or the Voting Power of the Company, as the case may be or (II) an initial
      public offering of Common Stock;

            (ii) approval by the shareholders of the Company of (A) a merger,
      reorganization or consolidation with respect to which persons who were the
      respective beneficial owners of the Common Stock and Voting Power of the
      Company immediately before such merger, reorganization or consolidation do
      not, immediately thereafter, beneficially own, directly or indirectly,
      more than 50% of, respectively, the then-outstanding common shares and the
      Voting Power of the corporation resulting from such merger, reorganization
      or consolidation, or (B) a liquidation or dissolution of the Company or
      (C) the sale or other disposition of all or substantially all of the
      assets of the Company.

      2.5 "Code" means the Internal Revenue Code of 1986, as amended from time
to time, and regulations and rulings thereunder. References to a particular
section of the Code include references to successor provisions.

      2.6 "Committee" has the meaning set forth in Article 3.

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      2.7 "Common Stock" means the Series A common stock, $.O01 par value, of
the Company.

      2.8 "Company" means Impac Group, Inc.

      2.9 "Disability" means, unless otherwise defined in an Employment
Agreement or Option Agreement, a mental or physical condition which, in the
judgment of the Committee, renders a Grantee unable to perform any of the
principal job responsibilities which such Grantee held or the tasks to which
such Grantee was assigned at the time the disability was incurred, and which
condition is expected to be permanent or for an indefinite duration exceeding
two years.

      2.10 "Effective Date" -- see Section 1.1.

      2.11 "Eligible Person" means any employee (including any officer),
consultant or director of the Company or any Subsidiary.

      2.12 "Employment Agreement" means, with respect to any Grantee, any
employment agreement by and between the Company or Subsidiary and such Grantee.

      2.13 "Exchange Act" means the Securities Exchange Act of 1934, as amended
from time to time. References to a particular section of the Exchange Act
include references to successor provisions.

      2.14 "Fair Market Value" means, with respect to Shares, as of any date,
(i) the closing price on the date of determination on the New York Stock
Exchange (or, if no sale of Shares was reported for such date, on the next
preceding date on which a sale of Shares was reported), (ii) if the Shares are
not listed on the New York Stock Exchange, the closing price on the date of
determination on such other national exchange on which the Shares are
principally traded or as reported by the National Market System, or similar
organization (or, if no sale of Shares was reported for such date, on the next
preceding date on which a sale of Shares was reported), or if no such quotations
are available, the average of the high bid and low asked quotations in the
over-the-counter market as reported by the National Quotation Bureau
Incorporated or similar organizations; or (iii) in the event that there shall be
no public market for the Shares, the fair market value of the Shares as
determined (which determination shall be conclusive) by the Committee.

      2.15 "Fully Diluted Shares" means the total number of Shares then
outstanding plus all Shares issuable upon the conversion or exercise of any
Convertible Securities then outstanding but excluding any Shares issuable or
issued upon exercise of Options granted under this Plan or otherwise reserved
for issuance under this Plan.

      2.16 "Grant Date" -- see Section 5.2.

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      2.17 "Grantee" means an individual who has been granted an Option.

      2.18 "including" or "includes" means "including, without limitation," or
includes, without limitation", respectively.

      2.19 "Option" means an option granted under Article 6 of the Plan.

      2.20 "Option Agreement" means the written agreement by which an Option
shall be evidenced.

      2.21 "Option Price" means the price at which a Share may be purchased by a
Grantee pursuant to an Option.

      2.22 "Option Term" means the period beginning on the Grant Date of an
Option and ending on the expiration date of such Option, as specified in the
Option Agreement for such Option and as may, in the discretion of the Committee
and consistent with the provisions of the Plan, be extended from time to time
prior to or after the expiration date of such Option then in effect.

      2.23 "Permitted Transferee" means a person who is Grantee's spouse, lineal
ancestor, lineal descendant, a spouse of such ancestor or descendant, a trust
primarily for the benefit of Grantee or one or more of such persons, or a
partnership all the partners of which are Grantee or one or more of such
persons.

      2.24 "Plan" means the Impac Group, Inc. Second 1998 Stock Option Plan, as
set forth herein and as amended from time to time.

      2.25 "Required Withholding" -- see Article 9.

      2.26 "Retirement" means by any Grantee, a Termination of Employment by the
Grantee on or after attaining age 62.

      2.27 "Rule 16b-3" means Rule 16b-3 promulgated by the SEC under the
Exchange Act, as amended from time to time, together with any successor rule, as
in effect from time to time.

      2.28 "SEC" means the United States Securities and Exchange Commission, or
any successor thereto.

      2.29 "Section" means, unless the context otherwise requires, a Section of
the Plan.

      2.30 "Share" means a share of Common Stock.

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      2.31 "Subsidiary" means a United States or foreign corporation with
respect to which the Company owns, directly or indirectly, 50% (or such lesser
percentage as the Committee may specify, which percentage may be changed from
time to time and may be different for different entities) or more of the Voting
Power of such corporation.

      2.32 "Termination of Employment" occurs on the first day on which an
individual is for any reason no longer employed by the Company or any Subsidiary
and is not a consultant or director of the Company or any Subsidiary. A
Termination of Employment shall include with respect to an individual who is an
employee of a Subsidiary or a consultant or director of a Subsidiary, the first
day on which such corporation ceases to be a Subsidiary.

Article 3. Administration

      3.1 Committee. Subject to Article 8, and to Section 3.2, the Plan shall be
administered by the Board, or a committee appointed by the Board to administer
the Plan. Any references herein to "Committee" are references to the Board, or a
committee established by the Board, as applicable. To the extent the Board
considers it desirable to comply with or qualify under Rule 16b-3, the Committee
shall consist of two or more directors of the Company, all of whom qualify as
"non-employee directors" within the meaning of Rule 16b-3. The number of members
of the Committee shall from time to time be increased or decreased, and shall be
subject to such conditions, in each case as the Board deems appropriate to
permit transactions in Shares pursuant to the Plan to satisfy the conditions of
Rule 16b-3 as then in effect.

      3.2 Powers of Committee. Subject to the express provisions of the Plan,
the Committee has full and final authority and sole discretion as follows:

            (i) to determine when, to whom and in what amounts Options should be
granted and the terms and conditions applicable to each Option;

            (ii) to construe and interpret the Plan and to make all
determinations necessary or advisable for the administration of the Plan;

            (iii) to make, amend, and rescind rules relating to the Plan,
including rules with respect to the exercisability and nonforfeitability of
Options upon the Termination of Employment of a Grantee;

            (iv) to determine the terms and conditions of all Option Agreements
(which need not be identical) and, with the consent of the Grantee, to amend any
such Option Agreement; provided that the consent of the Grantee shall not be
required for any amendment which (A) does not adversely affect the rights of the
Grantee, or (B) is necessary or advisable (as determined by the Committee) to
carry out the purpose of the

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Option as a result of any new or change in existing applicable law;

            (v) to cancel, with the consent of the Grantee, outstanding Options
and to grant new Options in substitution therefor;

            (vi) to accelerate the exercisability of, and to accelerate or waive
any or all of the terms and conditions applicable to, any Option or any group of
Options for any reason and at any time, including in connection with a
Termination of Employment (other than for Cause);

            (vii) subject to Sections 1.3 and 5.3, to extend the time during
which any Option or group of Options may be exercised;

            (viii) to make such adjustments or modifications to Options to
Grantees working outside the United States as are advisable to fulfill the
purposes of the Plan or to comply with applicable local law;

            (ix) to impose such additional terms and conditions upon the grant,
exercise or retention of Options as the Committee may, before or concurrently
with the grant thereof, deem appropriate, including limiting the percentage of
Options which may from time to time be exercised by a Grantee; and

            (x) to take any other action with respect to any matters relating to
the Plan for which it is responsible.

      All determinations on all matters relating to the Plan or any Option
Agreement may be made in the sole and absolute discretion of the Committee and
all such determinations of the Committee shall be final, conclusive and binding
on all persons. No member of the Committee shall be liable for any action or
determination made in good faith with respect to the Plan or any Option.

Article 4. Shares Subject to the Plan

      4.1 Number of Shares Available for Grants. Subject to adjustment as
provided in Section 4.2, the total number of Shares hereby reserved for issuance
under the Plan shall be 20,000 Shares. If any Shares hereunder are forfeited or
such Option otherwise terminates without the issuance of such Shares, the Shares
subject to such Option to the extent of any such forfeiture or termination shall
again be available for grant under the Plan. The Committee shall from time to
time determine the appropriate methodology for calculating the number of shares
issued pursuant to the Plan. Shares issued pursuant to the Plan may be treasury
shares or newly-issued Shares.

      4.2 Adjustments in Authorized Shares. In the event of any merger,
reorganization, consolidation, recapitalization, stock dividend, stock split,
spin-off or other change in

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corporate structure affecting the Shares, such adjustment shall be made in the
aggregate number and class of Shares which may be delivered under the Plan, and
in the number, class and option price of Shares subject to outstanding Options
granted under the Plan, as may be determined to be appropriate by the Committee,
in its sole discretion, provided that the number of Shares subject to any Option
may include a fractional share. The grant of Options pursuant to the Plan shall
not affect in any way the right or power of the Company to make adjustments,
reclassifications, reorganizations or changes in its capital or business
structure or to merge or to consolidate or to dissolve, liquidate, or sell or
transfer all or any part of its business or assets.

Article 5. Eligibility and General Conditions of Options

      5.1 Eligibility. The Committee may in its discretion grant Options to any
Eligible Person, whether or not he or she has previously received an Option.

      5.2 Grant Date. The Grant Date of an Option shall be the date on which the
Committee grants the Option or such later date as specified in advance by the
Committee.

      5.3 Maximum Term. Any provision of the Plan to the contrary
notwithstanding, the Option Term or other period during which an Option may be
outstanding shall under no circumstances extend more than 10 years after the
Grant Date, and shall be subject to earlier termination as herein provided.

      5.4 Option Agreement. To the extent not set forth in the Plan, the terms
and conditions of each Option (which need not be the same for each grant or for
each Grantee) shall be set forth in an Option Agreement.

      5.5 Restrictions on Share Transferability. The Committee may impose such
restrictions on any Shares acquired pursuant to the exercise or vesting of an
Option as it may deem advisable, including restrictions under applicable federal
securities laws, restrictions under any form of stockholders agreement between
the Company and the Grantee and requiring the Grantee to be bound by any or all
of the provisions contained in agreements between the Company and any of its
stockholders.

      5.8 Nontransferability of Options. Each Option granted hereunder shall not
be assignable or transferable other than by will or the laws of descent and
distribution provided, however, that a Grantee may in any manner specified by
the Committee, (i) designate in writing a beneficiary who is a Permitted
Transferee to exercise his Option after the Grantee's death, and (ii) transfer
an Option to a Permitted Transferee if and to the extent permitted by the
Committee.

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Article 6. Stock Options

      6.1 Grant of Options. Subject to the terms and provisions of the Plan,
Options may be granted to any Eligible Person in such number, and upon such
terms, and at any time and from time to time as shall be determined by the
Committee.

      6.2 Option Agreement. Each Option grant shall be evidenced by an Option
Agreement that shall specify the Option Price, the Option Term, the number of
Shares to which the Option pertains, the time or times at which such Option
shall be exercisable and such other provisions as the Committee shall determine.

      6.3 Option Price. The Option Price of an Option under this Plan shall be
determined in the sole discretion of the Committee.

      6.4 Exercisability. Options shall be exercisable at such time or times as
determined by the Committee; provided that (a) in the case of a Grantee who has
an Employment Agreement if during the term of the agreement the Grantee is
terminated by the Company or Subsidiary (not for Cause) or if the Grantee
resigns for Good Reason (only if defined in the Employment Agreement and then to
the extent defined in the Employment Agreement), the Grantee's then outstanding
Options shall be exercisable on the date of such Termination of Employment
(provided that notwithstanding the foregoing, an Option shall not become
exercisable for Good Reason if the circumstances giving rise to such Good Reason
existed at the time the Option was granted); (b) all then outstanding Options
shall be exercisable upon a Change of Control; and (c) if a Grantee who is an
employee of a Subsidiary or a consultant or director of a Subsidiary has a
Termination of Employment as a result of the corporation ceasing to be a
Subsidiary, the Grantee's then outstanding Options shall be exercisable on the
date of such Termination of Employment. In the event that any Grantee shall have
a Termination of Employment for any reason which in the opinion of the Committee
shall constitute Cause, any Option still held by such person at such time shall
automatically terminate. The decision of the Committee as to what shall
constitute Cause shall be final and binding upon all concerned. Except as
otherwise provided in an Option Agreement, an Option may be exercised only if
the Grantee has been an employee of the Company or of any Subsidiary at all
times during the period beginning with the Grant Date and ending ninety (90)
days before the date of such exercise; provided that in the case of a Grantee
who has a Termination of Employment due to Retirement, Death or Disability (as
determined by the Committee), the ninety (90) days shall be extended to one (1)
year; and further provided that in the case of a Grantee who has an Employment
Agreement, if during the term of the agreement the Grantee is terminated by the
Company or Subsidiary (not for Cause) or if the Grantee resigns for Good Reason
(only if defined in the Employment Agreement and then to the extent defined in
the Employment Agreement), an Option may be exercised at any time prior to the
end of the term of the Employment Agreement if this results in a longer period
to exercise than otherwise provided for in this sentence. Except as otherwise
permitted by the Committee, only those Options exercisable at the date the

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Grantee's employment is terminated may be exercised during the period following
such termination, whether such termination is by Retirement or otherwise.

      6.5 Payment. Options granted under this Article 6 shall be exercised by
the delivery of a written notice of exercise to the Company, setting forth the
number of Shares with respect to which the option is to be exercised,
accompanied by full payment for the Shares made by any one or more of the
following means subject to the approval of the Committee:

      (A)   in cash, by personal check or wire transfer;

      (B)   in Shares which have been held by the Grantee for at least six
            months valued at their Fair Market Value on the date of exercise; or

      (C)   subject to applicable law, pursuant to procedures previously
            approved by the Company, through the sale of the Shares acquired on
            exercise of the Option through a broker dealer to whom the Grantee
            has submitted an irrevocable notice of exercise and irrevocable
            instructions to deliver promptly to the Company the amount of sale
            or loan proceeds sufficient to pay for such Shares, together with,
            if requested by the Company, the amount of federal, state, local or
            foreign withholding taxes payable by Grantee by reason of such
            exercise.

Article 7. Rights of Employees

      7.1 Employment. Nothing in the Plan shall interfere with or limit in any
way the right of the Company or a Subsidiary to terminate any Grantee's
employment at any time, nor confer upon any Grantee the right to continue in the
employ of the Company or Subsidiary.

      7.2 Participation. No employee shall have the right to be selected to
receive an Option under this Plan, or, having been so selected, to be selected
to receive a future Option.

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Article 8. Amendment, Modification, and Termination

      8.1 Amendment, Modification, and Termination. Subject to the terms of the
Plan, the Board may at any time and from time to time, alter, amend, suspend or
terminate the Plan in whole or in part without the approval of the Company's
stockholders, except to the extent that such stockholder approval may be
required under the listing requirements of any securities exchange or national
market system on which are listed the Company's equity securities; provided that
shareholder approval is required to increase the number of Shares available
under the Plan (except as provided in Section 4.2).

      8.2 Options Previously Granted. Notwithstanding any other provision of the
Plan to the contrary, no termination, amendment, or modification of the Plan
shall adversely affect in any material way any Option previously granted under
the Plan, without the written consent of the Grantee of such Option.

Article 9. Withholding

      9.1 Mandatory Tax Withholding.

      (a) Whenever under the Plan, Shares are to be delivered upon exercise of
an Option, the Company shall be entitled to require (i) that the Grantee remit
an amount in cash, sufficient to satisfy all federal, state, and local tax
withholding requirements related thereto ("Required Withholding"), (ii) the
withholding of such Required Withholding from compensation otherwise due to the
Grantee or (iii) any combination of the foregoing.

      (b) Any Grantee who makes an election under Section 83(b) of the Code
shall remit to the Company an amount sufficient to satisfy all resulting
Required Withholding; provided that, in lieu of or in addition to the foregoing,
the Company shall have the right to withhold such Required Withholding from
compensation otherwise due to the Grantee.

      9.2 Elective Share Withholding.

      a. If permitted by the Committee in an Option Agreement and subject to the
following subsection, a Grantee may elect the withholding ("Share Withholding")
by the Company of a portion of the Shares otherwise deliverable to such Grantee
upon the exercise of an Option (a "Taxable Event") having a Fair Market Value
equal to (i) the minimum amount necessary to satisfy Required Withholding
liability attributable to the Taxable Event; or (ii) a greater amount, not to
exceed the estimated total amount of such Grantee's tax liability with respect
to the Taxable Event.

      b. Each Share Withholding election shall be subject to the following
conditions:

            (1) the Grantee's election must be made before the

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            date (the "Tax Date") on which the amount of tax to be withheld is
            determined; and

            (2) the Grantee's election shall be irrevocable.

      9.3 Notification under Code Section 83(b). If the Grantee, in connection
with the exercise of any Option, makes the election permitted under Section
83(b) of the Code to include in such Grantee's gross income in the year of
transfer the amounts specified in Section 53(b) of the Code, then such Grantee
shall notify the Company of such election within 10 days of filing the notice of
the election with the Internal Revenue Service, in addition to any filing and
notification required pursuant to regulations issued under Section 83(b) of the
Code. The Committee may, in connection with the grant of an Option or at any
time thereafter, prohibit a Grantee from making the election described above.

Article 10. Pooling of Interests Accounting

      If the Committee determines, prior to a sale or merger of the Company that
the Committee determines is reasonably likely to occur, that the grant or
exercise of Options would preclude the use of pooling of interests accounting
("pooling") after the consummation of such sale or merger and that such
preclusion of pooling would have a material adverse effect on such sale or
merger, the Committee may (a) make any adjustments in such Options prior to the
sale or merger that will permit pooling after the consummation of such sale or
merger or (b) cause the Company to pay the benefits attributable to such Options
(including for this purpose not only the spread between the then Fair Market
Value of the Shares subject to such Options and the Option Price applicable
thereto, but also the additional value of such Options, in excess of such
spread, as determined by the Committee) in the form of Shares if such payment
would not cause the transaction to remain or become ineligible for pooling.

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Article 11. Cash Out of Options and Sale of Shares

      11.1 Change of Control. In connection with the occurrence of a Change of
Control involving the transfer of the Common Stock issuable upon exercise of
Options granted pursuant to this Plan (whether such transfer occurs pursuant to
a merger, reorganization, consolidation, sale or otherwise) (such transfer being
called a "Sale Transaction"), the Company may elect (which election shall be
evidenced by the Company's execution of a definitive agreement pertaining to the
Sale Transaction) to cancel unexercised Options concurrent with the closing of
the Sale Transaction provided that the Company causes the holders of such
Options to receive, as consideration for such cancellation, payment in an amount
(such amount being called the "Option Payment") equal to (A) the difference
between the per share consideration being paid to the holders of outstanding
Common Stock pursuant to the Sale Transaction and the per share exercise price
of the Option, (B) multiplied by the number of shares subject to such Option,
and (C) minus all applicable withholding taxes. Subject to the foregoing, the
Option Payment shall be payable to the Option holder at such times and subject
to such terms and conditions (including, without limitation, form of
consideration, time of payment, indemnity obligations and the like) as are
applicable generally to holders of outstanding Common Stock being transferred
pursuant to such Sale Transaction. If the Company elects to cancel the Options
pursuant to this Section 11.1, the Option holder shall be prohibited from
exercising his or her Options in connection with such Sale Transaction. The
terms of this Section 11.1 shall supersede the terms of Section 6.4 providing
for acceleration of Options upon a Change of Control and any other term of this
Plan inconsistent herewith.

      11.2 Sale of Subsidiary. If a Grantee who is an employee of a Subsidiary
or a consultant or director of a Subsidiary has a Termination of Employment as a
result of the corporation ceasing to be a Subsidiary, the Grantee may during the
90-day period following such Termination of Employment elect to sell, and the
Company shall purchase, any Shares acquired on or after Termination of
Employment by the Grantee upon Option exercise at their Fair Market Value.

Article 12. Successors

      All obligations of the Company under the Plan with respect to Options
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 otherwise of all or substantially all of the business
and/or assets of the Company.

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Article 13. Additional Provisions

      13.1 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.

      13.2 Severability. If any part of the Plan is declared by any court or
governmental authority to be unlawful or invalid, such unlawfulness or
invalidity shall not invalidate any other part of the Plan. Any Section or part
of a Section so declared to be unlawful or invalid shall, if possible, be
construed in a manner which will give effect to the terms of such Section or
part of a Section to the fullest extent possible while remaining lawful and
valid.

      13.3 Requirements of Law. The granting of Options and the issuance of
Shares under the 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. Notwithstanding any provision of the
Plan or any Option, Grantees shall not be entitled to exercise, or receive
benefits under, any Option, and the Company shall not be obligated to deliver
any Shares or deliver benefits to a Grantee, if such exercise or delivery would
constitute a violation by the Grantee or the Company of any applicable law or
regulation.

      13.4 Securities Law Compliance. (a) If the Committee deems it necessary to
comply with any applicable securities law, or the requirements of any stock
exchange upon which Shares may be listed, the Committee may impose any
restriction on Shares acquired pursuant to Options under the Plan as it may deem
advisable. All certificates for Shares delivered under the Plan pursuant to any
Option or the exercise thereof shall 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 SEC, any stock exchange upon which
Shares are then listed, any applicable securities law, and the Committee may
cause a legend or legends to be put on any such certificates to make appropriate
reference to such restrictions. If so requested by the Company, the Grantee
shall make a written representation to the Company that he or she will not sell
or offer to sell any Shares unless a registration statement shall be in effect
with respect to such Shares under the Securities Act of 1933, as amended, and
any applicable state securities law or unless he or she shall have furnished to
the Company an opinion of counsel, in form and substance satisfactory to the
Company, that such registration is not required.

      (b) If the Committee determines that the exercise of, or delivery of
Shares pursuant to, any Option would violate any applicable provision of
securities laws or the listing requirements of any national securities exchange
or national market system on which are listed any of the Company's equity
securities, then the Committee may postpone any such exercise or delivery, as
applicable, but the Company shall use all reasonable efforts to cause such
exercise or delivery to comply with all such provisions at the earliest

                                      -13-
<PAGE>

practicable date.

      13.5 No Rights as a Stockholder. A Grantee shall not have any rights as a
stockholder of the Company with respect to the Shares which may be deliverable
upon exercise of such Option until such shares have been delivered to him or
her.

      13.6 Nature of Payments. Options shall be special incentive payments to
the Grantee and shall not be taken into account in computing the amount of
salary or compensation of the Grantee for purposes of determining any pension,
retirement, death or other benefit under (a) any pension, retirement,
profit-sharing, bonus, insurance or other employee benefit plan of the Company
or any Subsidiary or (b) any agreement between (i) the Company or any Subsidiary
and (ii) the Grantee, except as such plan or agreement shall otherwise expressly
provide.

      13.7 Governing Law. The Plan, and all agreements hereunder, shall be
construed in accordance with and governed by the laws of the State of Delaware,
other than its laws respecting choice of law.

                                      -14-<PAGE>

                                                                  Exhibit 10.116

                                TINSLEY ROBOR plc

0771K/RJK

                       ---------------------------------
                          RULES OF THE SENIOR EXECUTIVE
                              INCENTIVE SCHEME 1994
                       ---------------------------------

                                     LAYTONS
                                    Carmelite
                             50 Victoria Embankment
                                   Blackfriars
                                     London
                                    EC4Y 0LS
<PAGE>

                                TINSLEY ROBOR plc

                          RULES OF THE SENIOR EXECUTIVE
                              INCENTIVE SCHEME 1994

1. PRELIMINARY

1.1 Definitions: In these Rules:

"Accounts"                 -  means the statutory consolidated accounts of the
                              Company and its subsidiaries and subsidiary
                              undertakings for the relevant Financial Year
                              approved by shareholders of the Company in general
                              meeting;

"the Auditors"             -  means the auditors of the Company for the time
                              being;

"the Board"                -  means the Remuneration Committee of the Board of
                              Directors of the Company as from time to time
                              constituted (or if at the relevant time there be
                              no such Committee, then the Board of Directors of
                              the Company or such other committee as it shall
                              appoint for operation of the Scheme);

"Bonus Entitlement"        -  means the bonus entitlement which following the
                              end of a Financial Year a member of the Scheme is
                              actually or contingently entitled to receive in
                              respect of that Financial Year;

"Cash Element"             -  means such part of a Bonus Entitlement or of the
                              Pool (as the context requires) as is to be paid in
                              cash pursuant to Rule 3.1;

"the Company"              -  means Tinsley Robor plc;

"Deferred Element"         -  means such part of a Bonus Entitlement or of the
                              Pool (as the context requires) which is to be
                              applied pursuant to Rule 3.2;

"EBT"                      -  means an employee benefit trust established by the
                              Company;

"Financial Year"           -  means a financial year or other accounting
                              reference period of the Company;

"the Option Scheme"        -  means the Tinsley Robor Executive Share Option
                              Scheme 1988 as from time to time amended or such
                              other share option scheme (as from time to time
                              amended) as the Board may from time to time
                              consider appropriate for the purposes of the
                              Scheme;
<PAGE>

"Participant"              -  means a person who is to participate in the Scheme
                              in respect of the relevant Financial Year;

"PBT"                      -  means such sum as the Auditors certify to be the
                              result of taking the consolidated profit before
                              taxation of the Company and its subsidiaries and
                              subsidiary undertakings shown in the consolidated
                              Accounts and making the following adjustments:

                              (a)  writing back the amount of any Bonus
                                   Entitlement under the Scheme;

                              (b)  making any adjustments in respect of
                                   exceptional items that the Remuneration
                                   Committee directs;

                              (c)  if the Financial Year is other than a period
                                   of twelve months, converting the figure to a
                                   twelve month equivalent upon the assumption
                                   that profits accrue evenly from day to day
                                   throughout the Financial Year;

"Pool"                     -  means the sum calculated for the relevant
                              Financial Year as determined pursuant to Rule 2.1
                              as the total amount out of which Bonus
                              Entitlements are to be paid;

"Relevant Remuneration"    -  means in respect of a member of the Scheme all
                              earnings from his office or employment with the
                              Company but excluding therefrom benefits liable to
                              income tax pursuant to Chapter II, Part V of the
                              Income and Corporation Taxes Act 1988;

"Rules"                    -  shall mean these rules as from time to time
                              amended in accordance with their terms and a
                              reference to a "Rule" shall be construed as a
                              reference to the equivalent numbered paragraph of
                              these Rules;

"the Scheme"               -  means the Scheme constituted by these Rules as
                              from time to time varied and in force;

"Shares"                   -  means ordinary shares in the capital of the
                              Company;

"Trustees"                 -  means the trustee or trustees for the time being
                              of the EBT

1.2 Clause headings shall be ignored in interpretation

1.3 Scheme Title: The Scheme shall be entitled "THE TINSLEY ROBOR SENIOR
EXECUTIVE INCENTIVE SCHEME 1994"
<PAGE>

                                       (3)

2. ANNUAL ESTABLISHMENT OF PARTICIPATION AND ENTITLEMENT

2.1 Board Decisions: No later than the end of the first month of each Financial
Year the Board shall decide and declare to Participants in respect of that
Financial Year:

(a)   the basis of calculation of the Pool, such calculation to make provision
      as the Board considers necessary in respect of (i) the costs to the
      Company of operating the Scheme (including secondary national insurance
      contributions payable by the Company in respect of any Bonus Entitlement),
      and (ii) the basis for adjustment in the event of any increase or
      variation of the share capital of the Company, or a takeover, merger or
      acquisition in respect thereof;

(b)   any performance condition required to be satisfied before value accrues to
      the Pool;

(c)   the identity of the persons who are to be Participants;

(d)   the respective parts of the Pool to which each Participant is to be
      prospectively entitled having regard, inter alia, to Rule 2.5;

(e)   the proportion of the Pool which is to be payable in cash pursuant to Rule
      3.1;

(f)   the proportion of the Pool which is to be deferred and applied in
      accordance with Rule 3.2;

2.2 No Dividends: Notwithstanding any other provision of the Rules, the amount
of the Pool and of any Bonus Entitlement shall be nil in respect of any
Financial Year in respect of which no second interim or final dividend is
recommended by directors for payment in respect of that Financial Year at the
annual general meeting of the Company relating to it

2.3 Certification of Pool: Immediately following approval by directors of the
Accounts the Board shall cause the Auditors to certify the amount of the Pool
for that year and such Certificate shall be final subject only to the preceding
Rule 2.2

2.4 No Precedent: The Board may decide the matters referred to in Rule 2.1 in
its discretion (and in particular without reference to any prior year) and there
shall be no implication that any of those matters or the amount of any benefit
in respect of any Financial Year will be continued or improved upon in respect
of any subsequent Financial Year and no Participant shall have any claim if the
amount of the Pool or of his Bonus Entitlement in respect of any Financial Year
is different from or less than that in any earlier year

2.5 Maximum Bonus Entitlement: The Bonus Entitlement which a member of the
Scheme may receive in respect of any Financial Year shall not be greater than
one half of that member's Relevant Remuneration for that Financial Year

3. PAYMENT OF BONUS ENTITLEMENT

3.1 Cash Element: The Company shall pay the Cash Element of each Bonus
Entitlement to the Participant entitled to the same on the normal date for the
payment of wages or salaries for the calendar month following certification of
the Pool pursuant to Rule 2.3.
<PAGE>

                                      (4)

3.2 Deferred Element: Following certification of the Pool pursuant to Rule 2.3
and subject to the recommendation of a second interim or final dividend in
respect of the period to which the approved Accounts relate, the Company shall
request the Trustees, to the extent that the Trustees are placed in funds and
within such period, consistant with the grant of options under the Option
Scheme, in which share dealings are permitted by directors under The Stock
Exchange Model Code for Securities Transactions by Directors of Limited
Companies:

(a)   to purchase through the market or by private treaty existing Shares at an
      aggregate purchase cost (inclusive of expenses) equal to the Deferred
      Element of the Pool less such taxation and national insurance
      contributions as the Company or any subsidiary of the company would be
      required to deduct if that Deferred Element were paid to the Participants
      in proportion to their respective entitlements instead of being made
      available to the Trustees (and in the event of doubt upon the amount of
      such deductions the certificate of the Auditors upon the same shall be
      conclusive);

(b)   to grant to the Participants under the Option Scheme, free from conditions
      relating to the financial performance of the Company and its subsidiaries,
      options over that proportion of the Shares purchased by the Trustees as is
      represented by the Deferred Element of his Bonus Entitlement in respect of
      the relevant Financial Year;

(c)   subject to Rule 4.4, to pay to each Participant on the later of (i) three
      years from approval of the Accounts for the Financial Year in respect of
      which the relevant Deferred Element is paid, and (ii) the date upon which
      that Participant exercises his option to purchase the Shares to which that
      Deferred Element relates, a sum equal to that Deferred Element (and if
      such option is never exercised by the Participant before its lapse, no
      such payment will be made) and if the Trustees do not comply with such
      requests in respect of any Participant the Company shall pay to that
      Participant the Deferred Element of his Bonus Entitlement on the third
      anniversary of the date upon which the corresponding Cash Element of his
      Bonus Entitlement fell due for payment

3.3 Notional Dividend: The Company shall pay to each Participant from time to
time by way of further bonus a sum equal to the gross amount of each dividend
payable upon Shares over which he holds a subsisting option granted by the
Trustees pursuant to Rule 3.2(b) and for this purpose:

(a)   a dividend shall be payable if it is actually paid or if it would have
      been payable had the right to receive it not been waived by the holder of
      the relevant Shares;

(b)   an option shall be subsisting if it has been granted and has neither been
      exercised nor lapsed under the Rules of the Option Scheme.
<PAGE>

                                      (5)

Provided always that no such bonus shall be paid unless the Trustees have waived
all dividend rights in respect of the Shares over which the Participant holds a
subsisting option

4. LAPSE OF ENTITLEMENT

4.1 Early Termination: If a Participant ceases to be employed by the Company and
its subsidiaries for any reason during a Financial Year, the amount of his Bonus
Entitlement in respect of that Financial Year shall be nil or such greater sum
as the Board in its discretion may determine (not in any event being more than
the amount of the Bonus Entitlement to which he would have been entitled had he
continued to be so employed until the end of that Financial Year) and so much of
that Bonus Entitlement as the Participant thereby ceases to be entitled to
receive shall be forfeited to the Company and shall not revert to the Pool, nor
shall any Participant be entitled to receive any part of it

4.2 Late Commencement: In determining the Participants and their entitlement
pursuant to Rule 2.1 in respect of any Financial Year, the Board may reserve
part of the Pool for that Financial Year to a notional participant and to the
extent of any such notional participation thereby reserved or with the consent
in writing of the Participants entitled to receive three quarters of the Pool,
the Board may award an entitlement out of the Pool part way through a Financial
Year and in that event the entitlement of the Participant so joining in respect
of that Financial Year shall be that proportion of the Bonus Entitlement to
which he would have been entitled had he been employed from the beginning of
that Financial Year which the period of his employment during that Financial
Year bears to the entire Financial Year

4.3 Cash Element: Termination of the employment of a Participant after the end
of a Financial Year shall not affect his entitlement to receive the Cash Element
of his Bonus Entitlement in respect of that Financial Year

4.4 Deferred Element: The entitlement of Participant in respect of the Deferred
Element of his Bonus Entitlement shall cease absolutely if for any reason he
ceases to be employed by the Company and its subsidiaries before the third
anniversary of the date upon which payment was made of the corresponding Cash
Element of his Bonus Entitlement. Provided always that a Participant's
entitlement shall not so cease as aforesaid if he ceases to be employed by
reason of an event in respect of which an option may be exercised pursuant to
Rule 5.3(a), (b), (c) or (d) of the Option Scheme

5. ADMINISTRATION

5.1 Board Decisions: Any decision of the Board pursuant to Rule 2.1 or relating
to the interpretation of the Scheme shall be conclusive

5.2 Auditors' Certificate: Any Certificate given by the Auditors shall be final
and conclusive
<PAGE>

                                      (6)

5.3 Pension Contributions: Any Participant may irrevocably elect that any Cash
Element of his Bonus Entitlement be waived in whole or in part. The Participant
may request that the Board consider payment in like amount to that waived into a
pension scheme approved by the Board for his benefit

5.4 Pensionability: Any bonus Entitlement shall not rank for calculation of
entitlement to pension contributions by the Company nor for calculation of the
amount of any benefits payable under any pension scheme

5.5 Variations: The Scheme may be varied from time to time by decision of the
Board but no variation may affect the entitlement of any Participant in respect
of any Financial Year which commenced before the date such variation was made
save with his prior written consent

5.6 Compensation: Each Participant by participating in the Scheme irrevocably
waives any right to payment of compensation or damages in relation to
termination of his employment to the extent the same relates to any entitlement
or prospective entitlement under the Scheme and agrees that any such entitlement
shall be disregarded in computing any such compensation or damages

5.7 Previous Schemes: The Group Directors Performance Related Bonus Scheme 1988
and any other profit sharing or bonus scheme for directors of the Company or of
any subsidiary shall cease to have effect upon 31st March 1994

5.8 No Partnership: Nothing in these Rules or participation in the Scheme shall
constitute any Participant a partner in the business of the Company or any of
its subsidiaries nor render him liable to contribute to any losses

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