Document:

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                                                                   EXHIBIT 10.14

                           PRINCETON VIDEO IMAGE, INC.
                                15 PRINCESS ROAD
                         LAWRENCEVILLE, NEW JERSEY 08648

                                  April 4, 2003

PVI Holding, LLC
c/o Cablevision Systems Corporation
1111 Stewart Avenue

Bethpage, New York 11714
Attn: General Counsel

         Re: Stock and Warrant Purchase Agreement, dated as of February 4, 2001,
             by and between Princeton Video Image, Inc. and PVI Holding, LLC, as
             amended by letter agreement, dated as of July 23, 2001
             (collectively, the "Agreement").

Dear Sir or Madam:

         This will confirm the agreement between Princeton Video Image, Inc. and
PVI Holding, LLC regarding the above referenced Agreement.

         Section 7 of the Agreement is hereby amended to read in its entirety as
follows:

                  7.       Negative Covenants of the Company. For so long as the
                  Purchaser, together with its affiliates, continues to hold at
                  least 75% of the Original Investment, the Company hereby
                  covenants and agrees not to take any of the following actions
                  without the prior written consent of the Purchaser:

                           (a)      the consolidation with or merger with or
                  into, or conveyance, transfer or lease of all or substantially
                  all of the Company's or any of its Subsidiaries' assets to,
                  any person;

                           (b)      (intentionally omitted);

                           (c)      (intentionally omitted);

                           (d)      (intentionally omitted);

                           (e)      any transactions with officers or directors
                  (other than pursuant to existing employment or stock option
                  agreements otherwise approved by the Company's Board in the
                  ordinary course of business consistent with the Company's past
                  practice), any entity, shareholder or affiliate which
                  beneficially owns 5% or more of the Company's

<PAGE>

                  outstanding shares other than on an arm's-length basis for
                  fair market value as determined by the Company's Board in good
                  faith;

                           (f)      entering into any contract, arrangement or
                  understanding involving the Company or any of its Subsidiaries
                  with respect to any intellectual property, product or business
                  of the Company or any of its Subsidiaries, which would have
                  the effect, by virtue of an exclusivity or non-compete or
                  similar clause, of preventing the Company or any of its
                  Subsidiaries from granting the Purchaser or any of its
                  affiliates (including National Sports Partners or its
                  affiliate which operates the national "Fox Sports Net") the
                  benefit of the intellectual property, products or businesses
                  of the Company or any of its Subsidiaries in the future during
                  the term of such contract, arrangement or understanding or
                  preventing the Purchaser or any of its affiliates from acting
                  as a retailer of any products of the Company or any of its
                  subsidiaries; provided that (A) the Company does not require
                  the prior written consent of the Purchaser for any such grant
                  by the Company of exclusive rights for a period of no more
                  than 6 months and (B) the Purchaser agrees not to unreasonably
                  delay any response relating to a request for its prior written
                  consent made under this subsection;

                           (g)      (intentionally omitted);

                           (h)      (intentionally omitted);

                           (i)      any voluntary bankruptcy, liquidation or
                  dissolution of the Company or any of its Subsidiaries; and

                           (j)      (intentionally omitted).

         The authorized signatures below will confirm the amendment to Section 7
of the Agreement as set forth above. Your attention to this matter is greatly
appreciated.

                                         Sincerely,

                                         /s/ James Green

                                         James Green
                                         President and Chief Operating Officer

                                       2

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ACCEPTED AND AGREED TO:

PVI Holding, LLC:

By: /s/ Wilt Hildenbrand
    ----------------------------------
Name: Wilt Hildenbrand
Title: EVP Technology
Date: 4/4/03

                                       3<PAGE>

                                                                   Exhibit 10.1

                         SPINNAKER EXPLORATION COMPANY

                            2003 STOCK OPTION PLAN

<PAGE>

                               TABLE OF CONTENTS

<TABLE>
     <S>                                                              <C>
     1.  Purpose.....................................................  1

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

     3.  Administration..............................................  3
        (a)  Authority of the Committee..............................  3
        (b)  Manner of Exercise of Committee Authority...............  3
        (c)  Limitation of Liability.................................  4

     4.  Stock Subject to Plan.......................................  4
        (a)  Overall Number of Shares Available for Delivery.........  4
        (b)  Application of Limitation to Grants of Options..........  4
        (c)  Availability of Shares Not Delivered under Options......  4
        (d)  Stock Offered...........................................  5

     5.  Eligibility.................................................  5

     6.  Options.....................................................  5
        (a)  General.................................................  5
        (b)  Terms and Conditions....................................  5
        (c)  Stand-Alone, Additional, Tandem, and Substitute Options.  6
        (d)  Term of Options.........................................  6
        (e)  Form and Timing of Payment under Options; Deferrals.....  6
        (f)  Exemptions from Section 16(b) Liability.................  6
        (g)  Non-Competition Agreement...............................  6

     7.  Recapitalization or Reorganization..........................  6
        (a)  Existence of Plans and Options..........................  6
        (b)  Subdivision or Consolidation of Shares..................  7
        (c)  Recapitalizations and Corporate Changes.................  7
        (d)  Additional Issuances....................................  8

     8.  General Provisions..........................................  8
        (a)  Transferability.........................................  8
        (b)  Taxes...................................................  9
        (c)  Changes to this Plan and Options........................  9
        (d)  Limitation on Rights Conferred under Plan...............  9
        (e)  Nonexclusivity of this Plan............................. 10
        (f)  Payments in the Event of Forfeitures; Fractional Shares. 10
        (g)  Severability............................................ 10
        (h)  Governing Law........................................... 10
        (i)  Conditions to Delivery of Stock......................... 10
        (j)  Plan Effective Date and Stockholder Approval............ 11
        (k)  Term of Plan............................................ 11
</TABLE>

                                       i

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                         SPINNAKER EXPLORATION COMPANY

                            2003 STOCK OPTION PLAN

   1.  Purpose.  The purpose of the Spinnaker Exploration Company 2003 Stock
Option Plan (the "Plan") is to provide a means through which Spinnaker
Exploration Company, a Delaware corporation (the "Company"), and its
Subsidiaries may attract and retain able persons as employees, Directors and
consultants of the Company and to provide a means whereby those persons upon
whom the responsibilities of the successful administration and management of
the Company rest, and whose present and potential contributions to the welfare
of the Company are of importance, can acquire and maintain stock ownership
thereby strengthening their concern for the welfare of the Company and their
desire to remain in its employ. A further purpose of this Plan is to provide
such employees and Directors with additional incentive and reward opportunities
designed to enhance the profitable growth of the Company. Accordingly, this
Plan provides for granting Incentive Stock Options, options which do not
constitute Incentive Stock Options or a combination of both, as is best suited
to the circumstances of the particular individual as provided herein.

   2.  Definitions.  For purposes of this Plan, the following terms shall be
defined as set forth below, in addition to such terms defined in Section 1
hereof:

      (a)  "Beneficiary" means one or more persons, trusts or other entities
   which have been designated by a Participant in his or her most recent
   written beneficiary designation filed with the Committee to receive the
   benefits specified under this Plan upon such Participant's death or to which
   Options or other rights are transferred if and to the extent permitted under
   Section 8(a) hereof. If, upon a Participant's death, there is no designated
   Beneficiary or surviving designated Beneficiary, then the term Beneficiary
   means the persons, trusts or other entities entitled by will or the laws of
   descent and distribution to receive such benefits.

      (b)  "Board" means the Company's Board of Directors.

      (c)  "Business Day" means any day other than a Saturday, a Sunday, or a
   day on which banking institutions in the state of Texas are authorized or
   obligated by law or executive order to close.

      (d)  "Code" means the Internal Revenue Code of 1986, as amended from time
   to time, including regulations thereunder and successor provisions and
   regulations thereto.

      (e)  "Committee" means a committee of two or more Directors designated by
   the Board to administer this Plan; provided, however, that, unless otherwise
   determined by the Board, the Committee shall consist solely of two or more
   Directors, each of whom shall be (i) a "non-employee director" within the
   meaning of Rule 16b-3 under the Exchange Act, and (ii) an "outside director"
   as defined under section 162(m) of the Code, unless administration of this
   Plan by "outside directors" is not then required in order to qualify for tax
   deductibility under section 162(m) of the Code.

      (f)  "Director" means an individual elected to the Board by the
   stockholders of the Company or by the Board under applicable corporate law
   who is serving on the Board on the Effective Date or is elected to the Board
   after such date.

      (g)  "Effective Date" means March 24, 2003, provided the Plan is approved
   by the stockholders of the Company within twelve months thereafter.

      (h)  "Eligible Person" means all officers and employees of the Company or
   any of its Subsidiaries, and other persons who provide services to the
   Company or any of its Subsidiaries, including Directors and consultants. An
   employee on leave of absence may be considered as still in the employ of the
   Company or a Subsidiary of the Company for purposes of eligibility for
   participation in this Plan.

      (i)  "Exchange Act" means the Securities Exchange Act of 1934, as amended
   from time to time, including rules thereunder and successor provisions and
   rules thereto.

                                        1

<PAGE>

      (j)  "Fair Market Value" means, for a particular day:

          (i)  if shares of Stock of the same class are listed or admitted to
       unlisted trading privileges on any national or regional securities
       exchange at the date of determining the Fair Market Value, then the mean
       of the high and the low reported sales price, regular way, on the
       composite tape of that exchange on that Business Day or, if no such sale
       takes place on that Business Day, the average of the closing bid and
       asked prices, regular way, in either case as reported in the principal
       consolidated transaction reporting system with respect to securities
       listed or admitted to unlisted trading privileges on that securities
       exchange or, if no such closing prices are available for that day, the
       last reported sales price, regular way, on the composite tape of that
       exchange on the last Business Day before the date in question; or

          (ii)  if shares of Stock of the same class are not listed or admitted
       to unlisted trading privileges as provided in subparagraph (i) and if
       sales prices for shares of Stock of the same class in the
       over-the-counter market are reported by the National Association of
       Securities Dealers, Inc. Automated Quotations, Inc. ("NASDAQ") National
       Market System as of the date of determining the Fair Market Value, then
       the last reported sales price so reported on that Business Day or, if no
       such sale takes place on that Business Day, the average of the high bid
       and low asked prices so reported or, if no such prices are available for
       that day, the last reported sales price so reported on the last Business
       Day before the date in question; or

          (iii)  if shares of Stock of the same class are not listed or
       admitted to unlisted trading privileges as provided in subparagraph (i)
       and sales prices for shares of Stock of the same class are not reported
       by the NASDAQ National Market System (or a similar system then in use)
       as provided in subparagraph (ii), and if bid and asked prices for shares
       of Stock of the same class in the over-the-counter market are reported
       by NASDAQ (or, if not so reported, by the National Quotation Bureau
       Incorporated) as of the date of determining the Fair Market Value, then
       the average of the high bid and low asked prices on that Business Day
       or, if no such prices are available for that day, the average of the
       high bid and low asked prices on the last Business Day before the date
       in question; or

          (iv)  if shares of Stock of the same class are not listed or admitted
       to unlisted trading privileges as provided in subparagraph (i) and sales
       prices or bid and asked prices therefor are not reported by NASDAQ (or
       the National Quotation Bureau Incorporated) as provided in subparagraph
       (ii) or subparagraph (iii) as of the date of determining the Fair Market
       Value, then the value determined in good faith by the Committee, which
       determination shall be conclusive for all purposes; or

          (v)  if shares of Stock of the same class are listed or admitted to
       unlisted trading privileges as provided in subparagraph (i) or sales
       prices or bid and asked prices therefor are reported by NASDAQ (or the
       National Quotation Bureau Incorporated) as provided in subparagraph (ii)
       or subparagraph (iii) as of the date of determining the Fair Market
       Value, but the volume of trading is so low that the Committee determines
       in good faith that such prices are not indicative of the fair value of
       the Stock, then the value determined in good faith by the Committee,
       which determination shall be conclusive for all purposes notwithstanding
       the provisions of subparagraphs (i), (ii) or (iii).

   For purposes of valuing Incentive Stock Options, the Fair Market Value of
   Stock shall be determined without regard to any restriction other than one
   that, by its terms, will never lapse.

      (k)  "Incentive Stock Option" or "ISO" means any Option intended to be
   and designated as an incentive stock option within the meaning of section
   422 of the Code or any successor provision thereto.

      (l)  "Option" means a right, granted to a Participant under Section 6(b)
   hereof, to purchase Stock at a specified price during specified time periods.

      (m)  "Participant" means a person who has been granted an Option under
   this Plan which remains outstanding, including a person who is no longer an
   Eligible Person.

                                        2

<PAGE>

      (n)  "Person" means any person or entity of any nature whatsoever,
   specifically including an individual, a firm, a company, a corporation, a
   partnership, a limited liability company, a trust or other entity; a Person,
   together with that Person's Affiliates and Associates (as those terms are
   defined in Rule 12b-2 under the Exchange Act), and any Persons acting as a
   partnership, limited partnership, joint venture, association, syndicate or
   other group (whether or not formally organized), or otherwise acting jointly
   or in concert or in a coordinated or consciously parallel manner (whether or
   not pursuant to any express agreement), for the purpose of acquiring,
   holding, voting or disposing of securities of the Company with such Person,
   shall be deemed a single "Person."

      (o)  "Qualified Member" means a member of the Committee who is a
   "non-employee director" within the meaning of Rule 16b-3(b)(3) and an
   "outside director" within the meaning of regulation 1.162-27 under section
   162(m) of the Code.

      (p)  "Rule 16b-3" means Rule 16b-3, promulgated by the Securities and
   Exchange Commission under section 16 of the Exchange Act, as from time to
   time in effect and applicable to this Plan and Participants.

      (q)  "Securities Act" means the Securities Act of 1933 and the rules and
   regulations promulgated thereunder, or any successor law, as it may be
   amended from time to time.

      (r)  "Stock" means the Company's common stock, par value $.01 per share,
   and such other securities as may be substituted (or resubstituted) for Stock
   pursuant to Section 7.

      (s)  "Subsidiary" means with respect to any Person, any corporation or
   other entity of which a majority of the voting power of the voting equity
   securities or equity interest is owned, directly or indirectly, by that
   Person.

   3.  Administration.

   (a)  Authority of the Committee.  This Plan shall be administered by the
Committee except to the extent the Board elects, in order to comply with Rule
16b-3 or for any other reason, to administer this Plan, in which case
references herein to the "Committee" shall be deemed to include references to
the "Board." Subject to the express provisions of the Plan and Rule 16b-3, the
Committee shall have the authority, in its sole and absolute discretion, to (i)
adopt, amend, and rescind administrative and interpretive rules and regulations
relating to the Plan; (ii) determine the Eligible Persons to whom, and the time
or times at which, Options shall be granted; (iii) determine the number of
shares of Stock that shall be the subject of each Option; (iv) determine the
terms and provisions of each Option agreement (which need not be identical),
including provisions defining or otherwise relating to (A) the term and the
period or periods and extent of exercisability of the Options, (B) the effect
of termination of employment of a Participant on the Option, and (C) the effect
of approved leaves of absence (consistent with any applicable regulations of
the Internal Revenue Service); (v) accelerate the time of exercisability of any
Option that has been granted; (vi) construe the respective Option agreements
and the Plan; (vii) make determinations of the Fair Market Value of the Stock
pursuant to the Plan; (viii) delegate its duties under the Plan to such agents
as it may appoint from time to time, provided that the Committee may not
delegate its duties with respect to making Options to, or otherwise with
respect to Options granted to, Eligible Persons who are subject to section
16(b) of the Exchange Act or section 162(m) of the Code; (ix) subject to
ratification by the Board, terminate, modify, or amend the Plan; and (x) make
all other determinations, perform all other acts, and exercise all other powers
and authority necessary or advisable for administering the Plan, including the
delegation of those ministerial acts and responsibilities as the Committee
deems appropriate. Subject to Rule 16b-3 and section 162(m) of the Code, the
Committee may correct any defect, supply any omission, or reconcile any
inconsistency in the Plan, in any Option, or in any Option agreement in the
manner and to the extent it deems necessary or desirable to carry the Plan into
effect, and the Committee shall be the sole and final judge of that necessity
or desirability. The determinations of the Committee on the matters referred to
in this Section 3(a) shall be final and conclusive.

   (b)  Manner of Exercise of Committee Authority.  At any time that a member
of the Committee is not a Qualified Member, any action of the Committee
relating to an Option granted or to be granted to a Participant

                                        3

<PAGE>

who is then subject to section 16 of the Exchange Act in respect of the
Company, or relating to an Option intended by the Committee to qualify as
"performance-based compensation" within the meaning of section 162(m) of the
Code and the regulations thereunder, may be taken either (i) by a subcommittee
designated by the Committee, composed solely of two or more Qualified Members,
or (ii) by the Committee but with each such member who is not a Qualified
Member abstaining or recusing himself or herself from such action; provided,
however, that, upon such abstention or recusal, the Committee remains composed
solely of two or more Qualified Members. Such action, authorized by such a
subcommittee or by the Committee upon the abstention or recusal of such
non-Qualified Member(s), shall be the action of the Committee for purposes of
this Plan. Any action of the Committee shall be final, conclusive and binding
on all persons, including the Company, its Subsidiaries, stockholders,
Participants, Beneficiaries, and transferees under Section 8(a) hereof or other
persons claiming rights from or through a Participant. The express grant of any
specific power to the Committee, and the taking of any action by the Committee,
shall not be construed as limiting any power or authority of the Committee. The
Committee may delegate to officers or managers of the Company or any
Subsidiary, or committees thereof, the authority, subject to such terms as the
Committee shall determine, to perform such functions, including administrative
functions, as the Committee may determine, to the extent that such delegation
will not result in the loss of an exemption under Rule 16b-3(d)(1) for Options
granted to Participants subject to section 16 of the Exchange Act in respect of
the Company and will not cause Options intended to qualify as
"performance-based compensation" under section 162(m) of the Code to fail to so
qualify. The Committee may appoint agents to assist it in administering this
Plan.

   (c)  Limitation of Liability.  The Committee and each member thereof shall
be entitled to, in good faith, rely or act upon any report or other information
furnished to him or her by any officer or employee of the Company or a
Subsidiary of the Company, the Company's legal counsel, independent auditors,
consultants or any other agents assisting in the administration of this Plan.
Members of the Committee and any officer or employee of the Company or a
Subsidiary of the Company acting at the direction or on behalf of the Committee
shall not be personally liable for any action or determination taken or made in
good faith with respect to this Plan, and shall, to the fullest extent
permitted by law, be indemnified and held harmless by the Company with respect
to any such action or determination.

   4.  Stock Subject to Plan.

   (a)  Overall Number of Shares Available for Delivery.  Subject to adjustment
in a manner consistent with any adjustment made pursuant to Section 7, the
total number of shares of Stock reserved and available for delivery in
connection with Options under this Plan shall not exceed 1,650,000 shares of
Stock then outstanding, assuming the exercise of all outstanding Options.
Notwithstanding any provision in the Plan to the contrary, the maximum number
of shares of Stock that may be granted to any one individual during any
calendar year shall not exceed 300,000 shares of Stock (subject to adjustment
as provided in Section 7 with respect to shares of Stock subject to Options
then outstanding). The limitation set forth in the preceding sentence shall be
applied in a manner which will permit compensation generated under the Plan to
constitute "performance-based" compensation for purposes of section 162(m) of
the Code.

   (b)  Application of Limitation to Grants of Options.  No Option may be
granted if the number of shares of Stock to be delivered in connection with
such Option exceeds the number of shares of Stock remaining available under
this Plan minus the number of shares of Stock issuable in settlement of or
relating to then-outstanding Options. The Committee may adopt reasonable
counting procedures to ensure appropriate counting, avoid double counting (as,
for example, in the case of tandem or substitute options) and make adjustments
if the number of shares of Stock actually delivered differs from the number of
shares previously counted in connection with an Option.

   (c)  Availability of Shares Not Delivered under Options.  Shares of Stock
subject to an Option under this Plan that expire or are canceled, forfeited,
settled in cash or otherwise terminated without a delivery of shares of Stock
to the Participant, including (i) the number of shares of Stock withheld in
payment of any exercise or

                                        4

<PAGE>

purchase price of an Option or taxes relating to Options, and (ii) the number
of shares of Stock surrendered in payment of any exercise or purchase price of
an Option or taxes relating to any Option, will again be available for Options
under this Plan, except that if any such shares of Stock could not again be
available for Options to a particular Participant under any applicable law or
regulation, such shares of Stock shall be available exclusively for Options to
Participants who are not subject to such limitation.

   (d)  Stock Offered.  The shares of Stock to be delivered under the Plan
shall be made available from (i) authorized but unissued shares of Stock, (ii)
Stock held in the treasury of the Company, or (iii) previously issued shares of
Stock reacquired by the Company, including shares of Stock purchased on the
open market, in each situation as the Board or the Committee may determine from
time to time at its sole option.

   5.  Eligibility.  Options may be granted under this Plan only to Eligible
Persons.

   6.  Options.

   (a)  General.  Options may be granted on the terms and conditions set forth
in this Section 6. In addition, the Committee may impose on any Option or the
exercise thereof, at the date of grant or thereafter (subject to Section 8(c)),
such additional terms and conditions, not inconsistent with the provisions of
this Plan, as the Committee shall determine, including terms requiring
forfeiture of Options in the event of termination of employment by the
Participant and terms permitting a Participant to make elections relating to
his or her Option. The Committee shall retain full power and discretion
(subject to Section 8(c)) to accelerate, waive or modify, at any time, any term
or condition of an Option that is not mandatory under this Plan. Except in
cases in which the Committee is authorized to require other forms of
consideration under this Plan, or to the extent other forms of consideration
must be paid to satisfy the requirements of Delaware General Corporation Law,
no consideration other than services may be required for the grant (but not the
exercise) of any Option.

   (b)  Terms and Conditions.  The Committee is authorized to grant Options to
Participants on the following terms and conditions:

      (i)  Exercise Price.  Each Option agreement shall state the exercise
   price per share of Stock (the "Exercise Price"); provided, however, that,
   except in connection with certain acquisitions and/or reorganizations as
   described in the Plan, the Exercise Price per share of Stock subject to an
   Option shall not be less than the greater of (A) the par value per share of
   Stock or (B) 105% of the Fair Market Value per share of Stock on the date of
   grant of the Option or, with respect to Incentive Stock Options and in the
   case of an individual who owns stock possessing more than 10% of the total
   combined voting power of all classes of capital stock of the Company or its
   parent or any of its Subsidiaries, 110% of the Fair Market Value per share
   of the Stock on the date of grant.

      (ii)  Time and Method of Exercise.  The Committee shall determine the
   time or times at which or the circumstances under which an Option may be
   exercised in whole or in part (including based on future service
   requirements), the methods by which such Exercise Price may be paid or
   deemed to be paid, the form of such payment, including, without limitation,
   cash, Stock, other Options or awards granted under other plans of the
   Company or any of its Subsidiaries, or other property (including notes or
   other contractual obligations of Participants to make payment on a deferred
   basis), and the methods by or forms in which Stock will be delivered or
   deemed to be delivered to Participants. In the case of an exercise whereby
   the Exercise Price is paid with Stock, such Stock shall be valued as of the
   date of exercise.

      (iii)  ISOs.  The terms of any ISO granted under this Plan shall comply
   in all respects with the provisions of section 422 of the Code. Anything in
   this Plan to the contrary notwithstanding, no term of this Plan relating to
   ISOs shall be interpreted, amended or altered, nor shall any discretion or
   authority granted under this Plan be exercised, so as to disqualify either
   this Plan or any ISO under section 422 of the Code, unless the Participant
   has first requested the change that will result in such disqualification.
   Notwithstanding the foregoing, the Fair Market Value of shares of Stock
   subject to an ISO and the aggregate Fair Market Value of shares of stock of
   any parent or subsidiary corporation (within the meaning of sections 424(e)
   and

                                        5

<PAGE>

   (f) of the Code) subject to any other incentive stock option (within the
   meaning of section 422 of the Code) of the Company or a parent or subsidiary
   corporation (within the meaning of sections 424(e) and (f) of the Code) that
   first becomes purchasable by a Participant in any calendar year may not
   (with respect to that Participant) exceed $100,000, or such other amount as
   may be prescribed under section 422 of the Code or applicable regulations or
   rulings from time to time. As used in the previous sentence, Fair Market
   Value shall be determined as of the date the Incentive Stock Option is
   granted. Failure to comply with this provision shall not impair the
   enforceability or exercisability of any Option, but shall cause the excess
   amount of shares of Stock to be reclassified in accordance with the Code.

   (c)  Stand-Alone, Additional, Tandem, and Substitute Options.  Subject to
Section 8(c) regarding prohibited replacement or regrant of Options, Options
granted under this Plan may, in the discretion of the Committee, be granted
either alone or in addition to, in tandem with, or in substitution or exchange
for, any other Option or any award granted under another plan of the Company,
any of its Subsidiaries, or any business entity to be acquired by the Company
or a Subsidiary of the Company, or any other right of a Participant to receive
payment from the Company or any Subsidiary of the Company. Subject to Section
8(c) regarding prohibited replacement or regrant of Options, such additional,
tandem and substitute or exchange Options may be granted at any time. If an
Option is granted in substitution or exchange for another Option, the Committee
shall require the surrender of such other Option in consideration for the grant
of the new Option. In addition, Options may be granted in lieu of cash
compensation, including in lieu of cash amounts payable under other plans of
the Company or any of its Subsidiaries, in which the value of the cash
compensation is equivalent to 105% of the value of the Stock subject to the
Options.

   (d)  Term of Options.  The term of each Option shall be for such period as
may be determined by the Committee; provided that in no event shall the term of
any Option exceed a period of five years.

   (e)  Form and Timing of Payment under Options; Deferrals.  Subject to the
terms of this Plan and any applicable Option agreement, payments to be made by
the Company or a Subsidiary of the Company upon the exercise of an Option or
settlement of an Option may be made in such forms as the Committee shall
determine, including, without limitation, cash, Stock, other Options or other
property, and may be made in a single payment or transfer, in installments, or
on a deferred basis. Installment or deferred payments may be required by the
Committee (subject to Section 8(c) of this Plan) or permitted at the election
of the Participant on terms and conditions established by the Committee.
Payments may include, without limitation, provisions for the payment or
crediting of reasonable interest on installment or deferred payments or other
amounts in respect of installment or deferred payments denominated in Stock.
Any deferral shall only be allowed as is provided in a separate deferred
compensation plan adopted by the Company. This Plan shall not constitute an
"employee benefit plan" for purposes of section 3(3) of the Employee Retirement
Income Security Act of 1974, as amended.

   (f)  Exemptions from Section 16(b) Liability.  It is the intent of the
Company that the grant of any Options to or other transaction by a Participant
who is subject to section 16 of the Exchange Act shall be exempt from section
16 pursuant to an applicable exemption (except for transactions acknowledged in
writing to be non-exempt by such Participant). Accordingly, if any provision of
this Plan or any Option agreement does not comply with the requirements of Rule
16b-3 as then applicable to any such transaction, such provision shall be
construed or deemed amended to the extent necessary to conform to the
applicable requirements of Rule 16b-3 so that such Participant shall avoid
liability under section 16(b).

   (g)  Non-Competition Agreement.  Each Participant to whom an Option is
granted under this Plan may be required to agree in writing as a condition to
the granting of such Option not to engage in conduct in competition with the
Company or any of its Subsidiaries for a period after the termination of such
Participant's employment with the Company and its Subsidiaries as determined by
the Committee.

   7.  Recapitalization or Reorganization.

   (a)  Existence of Plans and Options.  The existence of this Plan and the
Options granted hereunder shall not affect in any way the right or power of the
Board or the stockholders of the Company to make or authorize

                                        6

<PAGE>

any adjustment, recapitalization, reorganization or other change in the
Company's capital structure or its business, any merger or consolidation of the
Company or any of its Subsidiaries, any issue of debt or equity securities
ahead of or affecting Stock or the rights thereof, the dissolution or
liquidation of the Company or any of its Subsidiaries or any sale, lease,
exchange or other disposition of all or any part of the assets or business of
the Company or any of its Subsidiaries or any other corporate act or proceeding.

   (b)  Subdivision or Consolidation of Shares.  The shares of Stock with
respect to which Options may be granted are shares of Stock as presently
constituted, but if, and whenever, prior to the expiration of an Option
theretofore granted, the Company shall effect a subdivision or consolidation of
shares of Stock or the payment of a stock dividend on Stock without receipt of
consideration by the Company, the number of shares of Stock with respect to
which such Option may thereafter be exercised (i) in the event of an increase
in the number of outstanding shares of Stock shall be proportionately
increased, and the purchase price per share of Stock shall be proportionately
reduced, and (ii) in the event of a reduction in the number of outstanding
shares of Stock shall be proportionately reduced, and the purchase price per
share of Stock shall be proportionately increased. Any fractional share
resulting from such adjustment shall be rounded up to the next whole share.

   (c)  Recapitalizations and Corporate Changes.  If the Company recapitalizes,
reclassifies its capital stock, or otherwise changes its capital structure (a
"recapitalization"), the number and class of shares of Stock covered by an
Option theretofore granted shall be adjusted so that such Option shall
thereafter cover the number and class of shares of capital stock and securities
to which the holder would have been entitled pursuant to the terms of the
recapitalization if, immediately prior to the recapitalization, the holder had
been the holder of record of the number of shares of Stock then covered by such
Option. If (i) the Company merges with or into any entity or is a party to a
consolidation, (ii) the Company sells, leases or exchanges or agrees to sell,
lease or exchange all or substantially all of its assets to any other Person or
entity, (iii) the Company is to be dissolved and liquidated, (iv) any Person or
entity, including a "group" as contemplated by section 13(d)(3) of the Exchange
Act, acquires or gains ownership or control (including, without limitation,
power to vote) of more than 50% of the outstanding shares of the Company's
voting stock (based upon voting power), or (v) as a result of or in connection
with a contested election of Directors, the persons who were Directors before
such election shall cease to constitute a majority of the Board (each such
event is referred to herein as a "Corporate Change"), no later than (x) ten
days after the approval by the stockholders of the Company of such merger,
consolidation, reorganization, sale, lease or exchange of assets or dissolution
or such election of Directors or (y) thirty days after a Corporate Change of
the type described in clause (iv), the Committee, acting in its sole discretion
without the consent or approval of any holder, shall effect one or more of the
following alternatives, which alternatives may vary among individual holders
and which may vary among Options held by any individual holder: (A) accelerate
the time at which Options then outstanding may be exercised so that such
Options may be exercised in full for a limited period of time on or before a
specified date (before or after such Corporate Change) fixed by the Committee,
after which specified date all unexercised Options and all rights of holders
thereunder shall terminate, (B) require the mandatory surrender to the Company
by selected holders of some or all of the outstanding Options held by such
holders (irrespective of whether such Options are then exercisable under the
provisions of the Plan) as of a date, before or after such Corporate Change,
specified by the Committee, in which event the Committee shall thereupon cancel
each such Option and pay or cause to be paid to each holder the securities or
other property (including, without limitation, cash) referred to in clause (D)
below with respect to the shares of Stock subject to such Option in exchange
for payment by such holder of the exercise price(s) under such Option for such
shares, (C) make such adjustments to Options then outstanding as the Committee
deems appropriate to reflect such Corporate Change (provided, however, that the
Committee may determine in its sole discretion that no adjustment is necessary
to Options then outstanding), or (D) provide that the number and class of
shares of Stock covered by an Option theretofore granted shall be adjusted so
that such Option shall thereafter cover the number and class of shares of stock
or other securities or property (including, without limitation, cash) to which
the holder would have been entitled pursuant to the terms of the agreement of
merger, consolidation or sale of assets and dissolution if, immediately prior
to such merger, consolidation or sale of assets and dissolution, the holder had
been the holder of record of the number of shares of Stock then covered by such
Option. Notwithstanding the foregoing, if (1) the Company is involved in a
merger or consolidation and, immediately after giving effect to

                                        7

<PAGE>

such merger or consolidation, less than 50% of the total voting power of the
outstanding voting stock of the surviving or resulting entity and of the parent
company of the surviving or resulting entity, if any, is then "beneficially
owned" (within the meaning of Rule 13d-3 under the Exchange Act) in the
aggregate by the stockholders of the Company immediately prior to such merger
or consolidation or (2) any person or entity, including a "group" as
contemplated by section 13(d)(3) of the Exchange Act, acquires or gains
ownership or control (including, without limitation, power to vote) of more
than 50% of the outstanding shares of the Company's voting stock (based upon
voting power) other than as a result of a merger or consolidation in which 50%
or more of the total voting power of the outstanding voting stock of the parent
company of the surviving or resulting entity is beneficially owned in the
aggregate by the stockholders of the Company immediately prior to such merger
or consolidation, then, except as provided in any Option agreement, (I)
outstanding Options shall immediately vest and become exercisable or
satisfiable, as applicable, and (II) any such Option shall continue to be
exercisable for the remainder of the applicable Option term unless the
Committee has determined, in its sole discretion, to take the action described
in clause (A) or (B) above with respect to such Option. The provisions
contained in this Section 7(c) shall not terminate any rights of the holder to
further payments pursuant to any other agreement with the Company following a
Corporate Change.

   (d)  Additional Issuances.  Except as hereinbefore expressly provided, the
issuance by the Company of shares of stock of any class or securities
convertible into shares of stock of any class, for cash, property, labor or
services, upon direct sale, upon the exercise of rights or warrants to
subscribe therefor, or upon conversion of shares or obligations of the Company
convertible into such shares or other securities, and in any case whether or
not for fair value, shall not affect, and no adjustment by reason thereof shall
be made with respect to, the number of shares of Stock subject to Options
theretofore granted or the purchase price per share, if applicable.

   8.  General Provisions.

   (a)  Transferability.

      (i)  Permitted Transferees.  The Committee may, in its discretion, permit
   a Participant to transfer all or any portion of an Option, or authorize all
   or a portion of such Options to be granted to an Eligible Person to be on
   terms which permit transfer by such Participant; provided that, in either
   case the transferee or transferees must be any child, stepchild, grandchild,
   parent, stepparent, grandparent, spouse, former spouse, sibling, niece,
   nephew, mother-in-law, father-in-law, son-in-law, daughter-in-law,
   brother-in-law, or sister-in-law, including adoptive relationships, in each
   case with respect to the Participant, any Person sharing the Participant's
   household (other than a tenant or employee of the Company), a trust in which
   these Persons have more than 50% of the beneficial interest, a foundation in
   which these Persons (or the Participant) control the management of assets,
   and any other entity in which these Persons (or the Participant) own more
   than 50% of the voting interests (collectively, "Permitted Transferees");
   provided further that, (A) there may be no consideration for any such
   transfer and (B) subsequent transfers of Options transferred as provided
   above shall be prohibited except subsequent transfers back to the original
   holder of the Option and transfers to other Permitted Transferees of the
   original holder. Agreements evidencing Options with respect to which such
   transferability is authorized at the time of grant must be approved by the
   Committee, and must expressly provide for transferability in a manner
   consistent with this Subsection 8(a)(i).

      (ii)  Qualified Domestic Relations Orders.  An Option may be transferred,
   to a Permitted Transferee, pursuant to a qualified domestic relations order
   entered or approved by a court of competent jurisdiction upon delivery to
   the Company of written notice of such transfer and a certified copy of such
   order.

      (iii)  Other Transfers.  Except as expressly permitted by Subsections
   8(a)(i) and 8(a)(ii), Options shall not be transferable other than by will
   or the laws of descent and distribution. Notwithstanding anything to the
   contrary in this Section 8, an Incentive Stock Option shall not be
   transferable other than by will or the laws of descent and distribution.

      (iv)  Effect of Transfer.  Following the transfer of any Option as
   contemplated by Subsections 8(a)(i), 8(a)(ii) and 8(a)(iii), (A) such Option
   shall continue to be subject to the same terms and conditions as were

                                        8

<PAGE>

   applicable immediately prior to transfer, provided that the term
   "Participant" shall be deemed to refer to the Permitted Transferee, the
   recipient under a qualified domestic relations order, the estate or heirs of
   a deceased Participant, or other transferee, as applicable, to the extent
   appropriate to enable the Participant to exercise the transferred Option in
   accordance with the terms of this Plan and applicable law and (B) the
   provisions of the Option relating to exercisability hereof shall continue to
   be applied with respect to the original Participant and, following the
   occurrence of any such events described therein, the Option shall be
   exercisable by the Permitted Transferee, the recipient under a qualified
   domestic relations order, the estate or heirs of a deceased Participant, or
   other transferee, as applicable, only to the extent and for the periods that
   would have been applicable in the absence of the transfer.

      (v)  Procedures and Restrictions.  Any Participant desiring to transfer
   an Option as permitted under Subsections 8(a)(i), 8(a)(ii) or 8(a)(iii)
   shall make application therefor in the manner and time specified by the
   Committee and shall comply with such other requirements as the Committee may
   require to assure compliance with all applicable securities laws. The
   Committee shall not give permission for such a transfer if (A) it would give
   rise to short-swing liability under section 16(b) of the Exchange Act or (B)
   it may not be made in compliance with all applicable federal, state and
   foreign securities laws.

      (vi)  Registration.  To the extent the issuance to any Permitted
   Transferee of any shares of Stock issuable pursuant to Options transferred
   as permitted in this Section 8(a) is not registered pursuant to the
   effective registration statement of the Company generally covering the
   shares to be issued pursuant to this Plan to initial holders of Options, the
   Company shall not have any obligation to register the issuance of any such
   shares of Stock to any such transferee.

   (b)  Taxes.  The Company and each of its Subsidiaries is authorized to
withhold from any Option granted, or any payment relating to an Option under
this Plan, including from a distribution of Stock, amounts of withholding and
other taxes due or potentially payable in connection with any transaction
involving an Option, and to take such other action as the Committee may deem
advisable to enable the Company and Participants to satisfy obligations for the
payment of withholding taxes and other tax obligations relating to any Option.
This authority shall include authority to withhold or receive Stock or other
property and to make cash payments in respect thereof in satisfaction of a
Participant's tax obligations, either on a mandatory or elective basis in the
discretion of the Committee.

   (c)  Changes to this Plan and Options.  The Board may amend, alter, suspend,
discontinue or terminate this Plan or the Committee's authority to grant
Options under this Plan without the consent of stockholders or Participants,
except that any amendment or alteration to this Plan, including any increase in
any share limitation, shall be subject to the approval of the Company's
stockholders not later than the annual meeting next following such Board action
if such stockholder approval is required by any federal or state law or
regulation or the rules of any stock exchange or automated quotation system on
which the Stock may then be listed or quoted, and the Board may otherwise, in
its discretion, determine to submit other such changes to this Plan to
stockholders for approval; provided that, without the consent of an affected
Participant, no such Board action may materially and adversely affect the
rights of such Participant under any previously granted and outstanding Option.
The Committee may waive any conditions or rights under, or amend, alter,
suspend, discontinue or terminate any Option theretofore granted and any Option
agreement relating thereto, except as otherwise provided in this Plan; provided
that, without the consent of an affected Participant, no such Committee action
may materially and adversely affect the rights of such Participant under such
Option; and, provided further, that no Option may be repriced, replaced,
regranted through cancellation, or modified without shareholder approval
(except in connection with a change in the Company's capitalization), if the
effect would be to reduce the exercise price for the shares underlying such
Option.

   (d)  Limitation on Rights Conferred under Plan.  Neither this Plan nor any
action taken hereunder shall be construed as (i) giving any Eligible Person or
Participant the right to continue as an Eligible Person or Participant or in
the employ or service of the Company or a Subsidiary of the Company, (ii)
interfering in any way with the right of the Company or a Subsidiary to
terminate any Eligible Person's or Participant's employment or service

                                        9

<PAGE>

at any time, (iii) giving an Eligible Person or Participant any claim to be
granted any Option under this Plan or to be treated uniformly with other
Participants and employees, or (iv) conferring on a Participant any of the
rights of a stockholder of the Company unless and until the Participant is duly
issued or transferred shares of Stock in accordance with the terms of an Option
agreement.

   (e)  Nonexclusivity of this Plan.  Neither the adoption of this Plan by the
Board nor its submission to the stockholders of the Company for approval shall
be construed as creating any limitations on the power of the Board or a
committee thereof to adopt such other incentive arrangements as it may deem
desirable, including incentive arrangements and awards which do not qualify
under section 162(m) of the Code. Nothing contained in this Plan shall be
construed to prevent the Company or any Subsidiary from taking any corporate
action which is deemed by the Company or such Subsidiary to be appropriate or
in its best interest, whether or not such action would have an adverse effect
on this Plan or any Option agreement made under this Plan. No employee,
Beneficiary or other person shall have any claim against the Company or any
Subsidiary as a result of any such action.

   (f)  Payments in the Event of Forfeitures; Fractional Shares.  Unless
otherwise determined by the Committee, in the event of a forfeiture of an
Option with respect to which a Participant paid cash or other consideration to
the Company in exchange for such Option, the Participant shall be repaid the
amount of such cash or other consideration. No fractional shares of Stock shall
be issued or delivered pursuant to this Plan or any Option. The Committee shall
determine whether cash, other Options or other property shall be issued or paid
in lieu of such fractional shares or whether such fractional shares or any
rights thereto shall be forfeited or otherwise eliminated.

   (g)  Severability.  If any provision of this Plan is held to be illegal or
invalid for any reason, the illegality or invalidity shall not affect the
remaining provisions hereof, but such provision shall be fully severable and
the Plan shall be construed and enforced as if the illegal or invalid provision
had never been included herein. If any of the terms or provisions of this Plan
or any Option agreement conflict with the requirements of Rule 16b-3 (as those
terms or provisions are applied to Eligible Persons who are subject to section
16(b) of the Exchange Act) or section 422 of the Code (with respect to
Incentive Stock Options), then those conflicting terms or provisions shall be
deemed inoperative to the extent they so conflict with the requirements of Rule
16b-3 (unless the Board or the Committee, as appropriate, has expressly
determined that the Plan or such Option should not comply with Rule 16b-3) or
section 422 of the Code. With respect to Incentive Stock Options, if this Plan
does not contain any provision required to be included herein under section 422
of the Code, that provision shall be deemed to be incorporated herein with the
same force and effect as if that provision had been set out at length herein;
provided, further, that, to the extent any Option that is intended to qualify
as an Incentive Stock Option cannot so qualify, that Option (to that extent)
shall be deemed an Option not subject to section 422 of the Code for all
purposes of the Plan.

   (h)  Governing Law.  All questions arising with respect to the provisions of
the Plan and Options shall be determined by application of the laws of the
State of Delaware, without giving effect to any conflict of law provisions
thereof, except to the extent Delaware law is preempted by federal law. The
obligation of the Company to sell and deliver Stock hereunder is subject to
applicable federal and state laws and to the approval of any governmental
authority required in connection with the authorization, issuance, sale, or
delivery of such Stock.

   (i)  Conditions to Delivery of Stock.  Nothing herein or in any Option
granted hereunder or any Option agreement shall require the Company to issue
any shares with respect to any Option if that issuance would, in the opinion of
counsel for the Company, constitute a violation of the Securities Act or any
similar or superseding statute or statutes, any other applicable statute or
regulation, or the rules of any applicable securities exchange or securities
association, as then in effect. At the time of any exercise of an Option, the
Company may, as a condition precedent to the exercise of such Option, require
from the Participant (or in the event of his death, his legal representatives,
heirs, legatees, or distributees) such written representations, if any,
concerning the holder's

                                       10

<PAGE>

intentions with regard to the retention or disposition of the shares of Stock
being acquired pursuant to the Option and such written covenants and
agreements, if any, as to the manner of disposal of such shares of Stock as, in
the opinion of counsel to the Company, may be necessary to ensure that any
disposition by that holder (or in the event of the holder's death, his legal
representatives, heirs, legatees, or distributees) will not involve a violation
of the Securities Act or any similar or superseding statute or statutes, any
other applicable state or federal statute or regulation, or any rule of any
applicable securities exchange or securities association, as then in effect. No
Option shall be exercisable with respect to a Participant unless and until the
holder thereof shall have paid cash or property to, or performed services for,
the Company or any of its Subsidiaries that the Committee believes is equal to
or greater in value than the par value of the Stock subject to such Option.

   (j)  Plan Effective Date and Stockholder Approval.  This Plan has been
adopted by the Board effective March 24, 2003, subject to approval by the
stockholders of the Company.

   (k)  Term of Plan.  No Options may be granted under the Plan after five
years from the Effective Date. The Plan shall remain in effect until all
Options granted under the Plan expire or are exercised or forfeited.

                                       11

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