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                               EXHIBIT 10.3(b)(i)

                                OGDEN CORPORATION
                            1999 STOCK INCENTIVE PLAN

                   AMENDED AND RESTATED AS OF JANUARY 1, 2000

1.       PURPOSE.

         The purposes of this Ogden Corporation 1999 Stock Incentive Plan,
amended and restated as of January 1, 2000 (the "Plan") are to induce certain
individuals to remain in the employ of, or to continue to serve as directors of,
Ogden Corporation (the "Company"), its present and future subsidiary
corporations (each a "Subsidiary"), as defined in section 424(f) of the Internal
Revenue Code of 1986, as amended (the "Code") and its future parent
corporations, if any (each, a "Parent"), as defined in section 424(e) of the
Code, to attract new individuals to enter into such employment and service and
to encourage such individuals to secure or increase on reasonable terms their
stock ownership in the Company. The Plan has been amended and restated,
effective as of January 1, 2000, to authorize grants of restricted stock to
employees of the Company, a Subsidiary or Parent (if any). The Board of
Directors of the Company (the "Board") believes that the granting of stock
options, restricted stock and other awards (the "Awards") under the Plan will
promote continuity of management and increased incentive and personal interest
in the welfare of the Company and aid in securing its continued growth and
financial success.

2.       SHARES SUBJECT TO PLAN.

         The maximum number of shares of the common stock, par value $.50 per
share (the "Common Stock"), of the Company with respect to which Awards may be
granted under the Plan or that may be delivered to participants ("Participants")
and their beneficiaries under the Plan shall be 4,000,000 (subject to adjustment
as provided in Section 10 of the Plan). For purposes of this Section 2 other
than with regard to incentive stock options described in Section 4(A) of the
Plan, the number of shares that may be delivered under the Plan shall be
determined after giving effect to the use by a Participant of the right, if
granted, to cause the Company to withhold from the shares of Common Stock
otherwise deliverable to him or her upon the exercise of an Award, shares of
Common Stock in payment of all or a portion of his or her withholding obligation
arising from such exercise (i.e., only the number of shares issued net of the
shares tendered shall be deemed delivered for purposes of determining the
maximum number of shares available for delivery under the Plan). If any Awards
expire or terminate for any reason without having been exercised in full, new
Awards may thereafter be granted with respect to the unpurchased shares subject
to such expired or terminated Awards. If a limited stock appreciation right
("LSAR") is granted in tandem with a stock option, such grant shall only apply
once against the maximum number of shares of Common Stock which may be delivered
to Participants or granted under the Plan. If any shares of restricted stock
awarded under this Plan are forfeited or repurchased by the Company for any
reason, the number of forfeited or repurchased shares of restricted stock shall
again be available for the purposes of Awards under this Plan. The shares of
Common Stock

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available under the Plan may be either authorized and unissued shares of Common
Stock or shares of Common Stock held in or acquired for the treasury of the
Company.

3.       ADMINISTRATION.

         (A) The Plan shall be administered by a committee or subcommittee of
the Board (the "Committee") which shall consist of two or more members of the
Board, each of whom is intended to be, to the extent required by Rule 16b-3
promulgated under section 16(b) of the Securities Exchange Act of 1934, as
amended ("Rule 16b-3"), a "non-employee director" as defined in Rule 16b-3 and,
to the extent required by section 162(m) of the Code, an "outside director" as
defined under section 162(m) of the Code; provided, however, that with respect
to the application of the Plan to non-employee directors, the Board shall be
deemed the Committee. If for any reason the Committee does not meet the
requirements of Rule 16b-3 or section 162(m) of the Code, such non-compliance
with the requirements of Rule 16b-3 or section 162(m) of the Code shall not
affect the validity of Awards, interpretations or other actions of the
Committee. The Committee shall be appointed annually by the Board, which may at
any time and from time to time remove any members of the Committee, with or
without cause, appoint additional members to the Committee and fill vacancies,
however caused, in the Committee. In the event that no Committee shall have been
appointed, the Plan shall be administered by the Board. A majority of the
members of the Committee shall constitute a quorum. All determinations of the
Committee shall be made by a majority of its members present at a meeting duly
called and held except that the Committee may delegate to any one of its members
the authority of the Committee with respect to the grant of Awards to an
employee who: (i) is not an officer and/or director of the Company; (ii) is not,
and may not reasonably be expected to become, a "covered employee" within the
meaning of section 162(m) (3) of the Code; and (iii) who is not subject to the
reporting requirements under section 16(a) of the Securities Exchange Act of
1934, as amended. Any decision or determination of the Committee reduced to
writing and signed by all of the members of the Committee (or by a member of the
Committee to whom authority has been delegated) shall be fully as effective as
if it had been made at a meeting duly called and held.

         (B) The Committee's powers and authority shall include, but not be
limited to (i) selecting individuals for participation who are employees of the
Company, any Subsidiary or any Parent and who are members of the Board; (ii)
determining the types and terms and conditions of all Awards granted, including
exercise price or purchase price (if any), performance goals and other earnout
and/or vesting contingencies and acceleration provisions; (iii) permitting
transferability of Awards to third parties; (iv) interpreting the Plan's
provisions; and (v) administering the Plan in a manner that is consistent with
its purpose. The Committee's determination on the matters referred to in this
Section 3(B) shall be conclusive. Any dispute or disagreement which may arise
under or as a result of or with respect to any Award shall be determined by the
Committee, in its sole discretion, and any interpretations by the Committee of
the terms of any Award shall be final, binding and conclusive.

         (C) Subject to Section 13 of the Plan, the Committee shall have the
authority to adopt, alter and repeal such administrative rules, guidelines and
practices governing the Plan and perform all acts, including the delegation of
its administrative responsibilities, as it shall, from time to time,

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deem advisable; to construe and interpret the terms and provisions of the Plan
and any Award issued under the Plan (and any agreements relating thereto); and
to otherwise supervise the administration of the Plan. The Committee may correct
any defect, supply any omission or reconcile any inconsistency in the Plan or in
any agreement relating thereto in the manner and to the extent it shall deem
necessary to effectuate the purpose and intent of the Plan. The Committee may
adopt special guidelines and provisions for persons who are residing in, or
subject to, the taxes of, non-U.S. jurisdictions to comply with applicable tax,
securities and other laws and may impose any limitations and restrictions that
it deems necessary to comply with the applicable tax, securities and other laws
of such non-U.S. jurisdictions. To the extent applicable, the Plan is intended
to comply with section 162(m) of the Code (with regard to "covered employees" as
defined in section 162(m) of the Code) and the applicable requirements of Rule
16b-3 and shall be limited, construed and interpreted in a manner so as to
comply therewith.

4.       TYPES OF AWARDS.

         An Award may be granted singularly, in combination with another
Award(s) or in tandem whereby exercise or vesting of one Award held by a
Participant cancels another award held by the Participant. Subject to Section 6
hereof, an Award may be granted as an alternative to or replacement of an
existing Award under the Plan or under any other compensation plans or
arrangements of the Company, including the plan of any entity acquired by the
Company. The types of Awards that may be granted under the Plan include:

         (A) A stock option, which represents a right to purchase a specified
number of shares of Common Stock during a specified period at a price per share
which is no less than that required by Section 6 hereof. Options will be either
(a) "incentive stock options" (which term, when used herein, shall have the
meaning ascribed thereto by the provisions of section 422 (b) of the Code, or
(b) options which are not incentive stock options ("non-qualified stock
options"), as determined at the time of the grant thereof by the Committee.

         (B) An LSAR, which is a right granted in tandem with a related stock
option, to receive a payment in cash equal to the excess of the aggregate price
(as described herein) at the time specified below of a specified number of
shares of Common Stock over the aggregate exercise price of the related stock
option being exercised; provided, however, that such right shall be exercisable
only upon the occurrence of a Change in Control and only in the alternative to
exercise of its related stock option. The Committee may grant in connection with
any stock option granted hereunder one or more LSARs relating to a number of
shares of Common Stock less than or equal to the number of shares of Common
Stock subject to the related stock option. An LSAR may be granted at the same
time as, or subsequent to the time that, its related stock option is granted.

         The exercise of an LSAR relating to a non-qualified stock option with
respect to any number of shares of Common Stock shall entitle the Participant to
a cash payment, for each share, equal to the excess of (i) the greatest of (A)
the highest price per share of Common Stock paid in the Change in Control in
connection with which such LSAR became exercisable, (B) the fair market value of
a share of Common Stock on the date of such Change of Control and (C) the fair

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market value of a share of Common Stock on the effective date of such exercise
over (iii) the exercise price of the related stock option. Such payment shall be
paid as soon as practical, but in no event later than the expiration of five
business days; after the effective date of such exercise. The exercise of an
LSAR relating to an incentive stock option with respect to any number of shares
of Common Stock shall entitle the Participant to a cash payment, for each such
share, equal to the excess of (i) the fair market value of a share of Common
Stock on the effective date of such exercise over (ii) the exercise price of the
related stock option. Such payment shall be paid as soon as practical, but in no
event later than the expiration of five business days, after the effective date
of such exercise.

         An LSAR shall be exercisable only during the period commencing on the
first day following the occurrence of a Change in Control and terminating on the
expiration of ninety days after such date. Notwithstanding anything else herein,
an LSAR relating to an incentive stock option may be exercised with respect to a
share of Common Stock only if the fair market value of such share on the
effective date of such exercise exceeds the exercise price relating to such
share. Notwithstanding anything else herein, an LSAR may be exercised only if
and to the extent that the stock option to which it relates is exercisable. The
exercise of an LSAR with respect to a number of shares of Common Stock shall
cause the immediate and automatic cancellation of the stock option to which it
relates with respect to an equal number of shares. The exercise of a related
stock option, or the cancellation, termination or expiration of a related stock
option (other than pursuant to this paragraph) , with respect to a number of
shares of Common Stock, shall cause the cancellation of the LSAR related to it
with respect to an equal number of shares. Each LSAR shall be exercisable in
whole or in part; provided, that no partial exercise of an LSAR shall be for an
aggregate exercise price of less than $1,000. The partial exercise of an LSAR
shall not cause the expiration, termination or cancellation of the remaining
portion thereof.

         (C) A cash award, which is a right denominated in cash or cash units to
receive a cash payment, based on the attainment of pre-established performance
goals and such other conditions, restrictions and contingencies as the Committee
shall determine; provided, however, that if the cash award is made to a "covered
employee," under section 162(m)(3) of the Code, the Award is intended to satisfy
section 162(m) of the Code.

         For each Participant for each calendar year, the Committee may specify
a targeted performance award. The individual target award may be expressed, at
the Committee's discretion, as a fixed dollar amount, a percentage of base pay
or total pay (excluding payments made under the Plan), or an amount determined
pursuant to an objective formula or standard. Establishment of an individual
target award for an employee for a calendar year shall not imply or require that
the same level individual target award (if any such award is established by the
Committee for the relevant employee) be set for any subsequent calendar year. At
the time the performance goals are established, the Committee shall prescribe a
formula to determine the percentages (which may be greater than one-hundred
percent (100%)) of the individual target award which may be payable based upon
the degree of attainment of the performance goals during the calendar year.
Notwithstanding anything else herein, the Committee may, in its sole discretion,
elect to pay a Participant an amount that is less than the Participant's
individual target award (or attained percentage thereof) regardless of the
degree of attainment of the performance goals; provided that

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no such discretion to reduce an Award earned based on achievement of the
applicable performance goals shall be permitted for the calendar year in which a
Change in Control of the Company occurs, or during such calendar year with
regard to the prior calendar year if the Awards for the prior calendar year have
not been made by the time of the Change in Control of the Company, with regard
to individuals who were Participants at the time of the Change in Control of the
Company.

                  For "covered employees" under section 162(m) of the Code, the
Committee shall establish the objective performance goals, formulae or standards
and the individual target award (if any) applicable to each Participant or class
of Participants for a calendar year in writing prior to the beginning of such
calendar year or at such later date as permitted under section 162(m) of the
Code and while the outcome of the performance goals are substantially uncertain.
Such performance goals may incorporate, if and only to the extent permitted
under section 162(m) of the Code, provisions for disregarding (or adjusting for)
changes in accounting methods, corporate transactions (including, without
limitation, dispositions and acquisitions) and other similar type events or
circumstances. The performance goals that may be used by the Committee for such
Awards shall be based on one or more of the performance criteria described in
Exhibit A, attached hereto. The Committee may designate a single goal criterion
or multiple goal criteria for performance measure purposes with the measurement
based on absolute Company, Subsidiaries, Parent, division or business unit
performance and/or on performance as compared with that of other publicly traded
companies. With respect to "covered employees" under section 162(m) of the Code,
the Committee shall satisfy the certification requirements in the manner set
forth under section 162(m) of the Code.

         (D) Restricted stock, which is an award of shares of Common Stock under
the Plan that is subject to certain conditions and restrictions as provided
under Section 8 hereof. A Participant who receives an Award of restricted stock
shall not have any rights with respect to such award of restricted stock, unless
and until such Participant has delivered a fully executed copy of a restricted
stock award agreement and has otherwise complied with the applicable terms and
conditions of such Award. An Award of restricted stock may be conditioned on the
attainment of pre-established performance goals and such other conditions,
restrictions and contingencies as the Committee shall determine; PROVIDED,
HOWEVER, that if an Award of restricted stock is made to a "covered employee,"
under section 162(m)(3) of the Code, the Award is intended to satisfy section
162(m) of the Code. Notwithstanding anything herein to the contrary, Awards of
restricted stock may be granted solely to Participants who are employees of the
Company, a Subsidiary or Parent (if any).

         (E) The Committee may provide a loan to any Participant in an amount
determined by the Committee to enable the Participant to pay (i) any federal,
state or local income taxes arising out of the exercise of an Award or (ii) the
exercise price with respect to any Award or (iii) to purchase shares of Common
Stock on the open market. Any such loan (i) shall be for such term and at such
rate of interest as the Committee may determine, (ii) shall be evidenced by a
promissory note in a form determined by the Committee and executed by the
Participant and (iii) shall be subject to such other terms and conditions as the
Committee may determine.

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5.       ELIGIBILITY.

         An Award may be granted only to (i) employees of the Company, a
Subsidiary or a Parent, (ii) directors of the Company who are not employees of
the Company, a Subsidiary or a Parent and (iii) employees of a corporation which
has been acquired by the Company, a Subsidiary or a Parent, whether by way of
exchange or purchase of stock, purchase of assets, merger or reverse merger, or
otherwise, who hold options with respect to the stock of such corporation which
the Company has agreed to assume. Eligibility for the grant of an Award and
actual participation in the Plan shall be determined by the Committee in its
sole direction.

6.       STOCK OPTION PRICES AND FAIR MARKET VALUE.

         (A) Except as otherwise provided in Section 14 hereof, the initial per
share option price of any stock option shall not be less than the fair market
value of a share of Common Stock on the date of grant; provided, however, that,
in the case of a Participant who owns (within the meaning of section 424(d) of
the Code) more than 10% of the total combined voting power of all classes of
stock of the Company, each Subsidiary and Parent at the time a stock option
which is an incentive stock option is granted to him or her, the initial per
share option price shall not be less than 110% of the fair market value of a
share of Common Stock on the date of grant.

         (B) For all purposes of this Plan, the fair market value of a share of
Common Stock on any date shall be (i) the average of the high and low sales
prices on such day of a share of Common Stock as reported on the principal
securities exchange on which shares of Common Stock are then listed or admitted
to trading or (ii) if not so reported, the average of the closing bid and ask
prices on such date as reported on the Nasdaq Stock Market, Inc. or (iii) if not
so reported, as furnished by any member of the National Association of
Securities Dealers, Inc. selected by the Committee. In the event that the price
of a share of Common Stock shall not be so reported, the Fair Market Value of a
share of Common Stock shall be determined by a qualified appraiser selected by
the Committee. Notwithstanding anything herein to the contrary, the fair market
value of a share of Common Stock on any date means the price for Common Stock
set by the Committee in good faith based on reasonable methods set forth under
section 422 of the Code and the regulations thereunder including, without
limitation, a method utilizing the average of prices of the Common Stock
reported on the principal national securities exchange on which it is then
traded or the Nasdaq Stock Market, Inc. during a reasonable period designated by
the Committee.

7.       OPTION TERM.

         Options shall be granted for such term as the Committee shall
determine, not in excess of ten years from the date of the granting thereof;
provided, however, that, except as otherwise provided in Section 14 hereof, in
the case of a Participant who owns (within the meaning of section 424(d) of the
Code) more than 10% of the total combined voting power of all classes of stock
of the Company, each Subsidiary and Parent that the time an option which is an
incentive stock option is granted to him or her, the term with respect to such
option shall not be in excess of five years from the date of the granting
thereof.

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8.       RESTRICTED STOCK AWARDS.

         Awards of restricted stock shall be subject to the following conditions
and restrictions:

         (A) The purchase price (if any) of restricted stock shall be fixed by
the Committee. The purchase price for shares of restricted stock may be zero to
the extent permitted by applicable law, and, to the extent not so permitted,
such purchase price may not be less than par value.

         (B) Awards of restricted stock shall be evidenced by an agreement
entered into between the Company and the Participant. In the event that the
Participant is required to pay the purchase price for restricted stock, such
agreement must be accepted within a period of 60 days (or such shorter period as
the Committee may specify at grant) after the Award date by executing a
restricted stock award agreement and by paying the purchase price, if any.

         (C) Each Participant receiving an Award of restricted stock shall be
issued a stock certificate in respect of such shares of restricted stock, unless
the Committee elects to use another system, such as book entries by the transfer
agent, as evidencing ownership of an award of restricted stock. Such certificate
shall be registered in the name of such Participant, and shall bear an
appropriate legend referring to the terms, conditions, and restrictions
applicable to such Award of restricted stock, substantially in the following
form:

                  "The anticipation, alienation, attachment, sale, transfer,
                  assignment, pledge, encumbrance or charge of the shares of
                  stock represented hereby are subject to the terms and
                  conditions (including forfeiture) of the Ogden Corporation
                  (the "Company") 1999 Stock Option Plan, amended and restated
                  as of January 1, 2000, and an Agreement entered into between
                  the registered owner and the Company dated___________. Copies
                  of such Plan and Agreement are on file at the principal office
                  of the Company."

         (D) If stock certificates are issued in respect of shares of restricted
stock, the Committee shall require that any stock certificates evidencing such
shares be held in custody by the Company until the restrictions thereon shall
have lapsed, and that, as a condition of any Award of restricted stock, the
Participant shall have delivered a duly signed stock power, endorsed in blank,
relating to the Common Stock covered by such Award of restricted stock.

         (E) The Participant shall not be permitted to transfer shares of
restricted stock awarded under this Plan during the period or periods set by the
Committee (the "Restriction Period") commencing on the date of such award of
restricted stock, as set forth in the restricted stock award agreement and such
agreement shall set forth a vesting schedule and any events which would
accelerate vesting of the shares of restricted stock. Within these limits, based
on service, attainment of performance goals (as described in Section 8(F) below)
and/or such other factors or criteria as the Committee may

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provide for the lapse of such restrictions in installments in whole or in
part, or may accelerate the vesting of all or any part of any Award of
restricted stock and/or waive the deferral limitations for all or any part of
any such Award.

         (F) If the grant of shares of restricted stock or the lapse of
restrictions is based on or conditioned upon the attainment of performance
goals, the Committee shall establish the performance goals and the applicable
vesting percentage of the Award of restricted stock applicable to each
Participant or class of Participants in writing prior to the beginning of the
applicable fiscal year or at such later date as otherwise determined by the
Committee and while the outcome of the performance goals are substantially
uncertain. Such performance goals may incorporate provisions for disregarding
(or adjusting for) changes in accounting methods, corporate transactions
(including, without limitation, dispositions and acquisitions) and other similar
events or circumstances. With regard to an Award of restricted stock that is
intended to comply with section 162(m) of the Code, to the extent any such
provision would create impermissible discretion under section 162(m) of the Code
or otherwise violate section 162(m) of the Code, such provision shall be of no
force or effect. The performance goals that may be used by the Committee for
such Awards shall be based on one or more of the performance criteria described
in Exhibit A, attached hereto. The Committee may designate a single goal
criterion or multiple goal criteria for performance measure purposes with the
measurement based on absolute Company, Subsidiaries, Parent, division or
business unit performance and/or on performance as compared with that of other
publicly traded companies. With respect to "covered employees" under section
162(m) of the Code, the Committee shall satisfy the certification requirements
in the manner set forth under section 162(m) of the Code.

         (G) Except as provided herein and as otherwise determined by the
Committee, the Participant shall have, with respect to the shares of restricted
stock, all of the rights of a holder of shares of Common Stock including,
without limitation, the right to receive any dividends, the right to vote such
shares and, subject to and conditioned upon the vesting of shares of restricted
stock, the right to tender such shares. The Committee may, in its sole
discretion, determine at the time of grant that the payment of dividends shall
be deferred until, and conditioned upon, the expiration of the applicable
Restriction Period.

         (H) If and when the Restriction Period expires without a prior
forfeiture of the restricted stock subject to such Restriction Period, the
certificates for such shares shall be delivered to the Participant. All legends
shall be removed from said certificates at the time of delivery to the
Participant, except as otherwise required by applicable law.

         (I) Unless otherwise determined by the Committee at grant or
thereafter, upon a Participant's termination of employment for any reason during
the relevant Restriction Period, all restricted stock subject to restriction
shall be forfeited.

9.       LIMITATION ON AMOUNT OF AWARDS GRANTED.

         (A) Except as otherwise provided in Section 15 hereof, the aggregate
fair market value of the shares of Common Stock for which any Participant may be
granted incentive stock options

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which are exercisable for the first time in any calendar year (whether under the
terms of the Plan or any other stock option plan of the Company) shall not
exceed $100,000.

         (B) No Participant (other than a nonemployee director) shall be granted
stock options and/or LSARs during any calendar year to purchase more than an
aggregate of 500,000 shares of Common Stock (subject to adjustment as provided
in Section 10 of the Plan) and no nonemployee director shall be granted stock
options and/or LSARs during any calendar year to purchase more than an aggregate
of 2,500 shares of Common Stock (subject to adjustment as provided in Section 10
of the Plan). LSARs granted in tandem with a stock option shall only apply once
against a Participant's maximum individual number of shares of Common Stock
subject to an award of options and/or LSARs hereunder. No Participant eligible
to receive restricted stocks shall be awarded, during any calendar year, more
than 500,000 shares of restricted stock (subject to adjustment as provided in
Section 10 of the Plan) for which the grant of such Award or the lapse of the
relevant Restriction Period is subject to the attainment of performance goals as
provided under Section 8(F) hereof. No nonemployee director shall be awarded
shares of restricted stock hereunder.

         (C) There are no annual individual share limitations on restricted
stock for which the grant of such Award or the lapse of the relevant Restriction
Period is not based on or conditioned upon the attainment of performance goals
in accordance with Section 8(F) hereof.

         (D) Subject to Section 9(E), the following additional maximums are
imposed under the Plan. The maximum number of shares of Common Stock that may be
covered by stock options intended to be incentive stock options shall be
4,000,000 (subject to adjustment as provided in Section 10 of the Plan). The
maximum number of shares of Common Stock for Awards of restricted stock shall be
1,000,000 (subject to adjustment as provided in Section 10 of the Plan). The
maximum payment that may be made for Awards granted to any one individual
pursuant to Section 4(C) hereof shall be $3,000,000 for any single or combined
performance goals established for a specified performance period. A specified
performance period for purposes of this performance goal payment limit shall not
exceed a sixty (60) consecutive month period.

         (E) Subject to the overall limitation on the number of shares of Common
Stock that may be delivered under the Plan, the Committee may use available
shares of Common Stock as the form of payment for compensation, grants or rights
earned or due under any other compensation plans or arrangements of the Company,
including the plan of any entity acquired by the Company.

10.      ADJUSTMENT OF NUMBER OF SHARES.

         (A) In the event that a dividend shall be declared upon the Common
Stock payable in shares of Common Stock, the number of shares of Common Stock
then subject to any Award and the number of shares of Common Stock available for
purchase or delivery under the Plan but not yet covered by an Award shall be
adjusted by adding to each share the number of shares which would be
distributable thereon if such shares had been outstanding on the date fixed for
determining the stockholders entitled to receive such stock dividend. In the
event that the outstanding shares of Common Stock are exchanged for a different
number or kind of shares of

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stock or other securities of the Company or of another corporation, whether
through reorganization, recapitalization, stock split-up, reverse stock split,
reclassification, combination of shares, sale of assets or merger or
consolidation in which the Company is the surviving corporation, then, if the
Committee shall determine, in its sole discretion, to be appropriate, there
shall be substituted for each share of Common Stock then subject to any
outstanding Award and for each share of Common Stock which may be issued under
the Plan but not yet covered by an outstanding Award, the number and kind of
shares of stock or other securities for which each outstanding share of Common
Stock shall be so exchanged and, if determined by the Committee in its sole
discretion to be appropriate, the exercise or option price applicable under any
then outstanding Award shall be adjusted proportionately to reflect such
corporate transaction.

         (B) In the event that there shall be any change in the capitalization
of the Company or other corporate change affecting the outstanding Common Stock,
including by way of an extraordinary or stock dividend, spin-off or other
corporate change, other than any change specified in Section 10(A) hereof, then,
if the Committee shall, in its sole discretion, determine it to be appropriate,
the number or kind of shares then subject to any outstanding Award, the number
or kind of shares then available for issuance in accordance with the provisions
of the Plan but not yet covered by an outstanding Award, and/or the exercise or
option price applicable under any then outstanding Award shall be adjusted
proportionately to reflect such corporate event and, if and to the extent the
Committee shall, in its sole discretion, determine it to be appropriate, all or
any portion of the Plan may be assumed by any corporate successor to all or a
portion of the Company's business and shares of such corporate successor (or the
Parent or a Subsidiary thereof) shall be substituted for the shares of Common
Stock covered by the portion of the Plan so assumed.

         (C) Notwithstanding the foregoing provisions of this Section 10, in the
case of any then outstanding incentive stock options, the Committee shall make
commercially reasonable efforts to effect any substitution or adjustment
authorized by the Committee pursuant to this Section 10 in a manner consistent
with the applicable requirements of Treasury Regulation section 1.425-1.

         (D) Any substitution or adjustment determined under this Section 10 by
the Committee in good faith shall be final, binding and conclusive on the
Company and all Participants, directors and employees and their respective
heirs, executors, administrators, successors and assigns.

         (E) No adjustment or substitution provided for in this Section 10 shall
require the Company to issue a fractional share under any Award or to sell a
fractional share under any stock option. Fractional shares of Common Stock
resulting from any adjustment in Awards pursuant to this Section 10 shall be
aggregated until, and eliminated at, the time of exercise by rounding-down for
fractions less than one-half and rounding-up for fractions equal to or greater
than one-half. No cash settlements shall be made with respect to fractional
shares eliminated by rounding.

         (F) (i) Notwithstanding the foregoing provisions of this Section 10, in
the event of a Change in Control, each Award of stock options and LSARs shall
become fully vested and exercisable. Except as otherwise provided by the
Committee in the Award agreement upon the Award of restricted stock, the
restrictions to which any shares of restricted stock are subject shall lapse as
if the applicable Restriction Period had ended upon a Change in Control.

                                       10
<PAGE>

         (ii)     As used herein, "Change in Control" shall mean:

         (I) any Person (as such term is defined in sections 13(d) and 14(d) of
the Securities Exchange Act of 1934, as amended (the "Exchange Act")) becomes
the "beneficial owner" (as such term is defined in Rule 13d-3 promulgated under
the Exchange Act), directly or indirectly, of securities of the Company
representing 20% or more of the combined voting power of the Company's then
outstanding securities, other than beneficial ownership by a Participant, the
Company, any subsidiary of the Company, any employee benefit plan of the Company
or a subsidiary thereof or any person or entity organized, appointed or
established, pursuant to the terms of any such benefit plan;

         (II) the Company's stockholders approve an agreement to merge or
consolidate the Company with another corporation, or an agreement providing for
the sale of substantially all of the assets of the Company to one or more
corporations, in any case other than with or to a corporation 50% or more of
which is controlled by, or is under common control with, the Company; or

         (III) during any two-year period, individuals who at the date on which
the period commences constitute a majority of the Board cease to constitute a
majority of thereof for any reason; PROVIDED, HOWEVER, that a director who was
not a director at the beginning of such period shall be deemed to have satisfied
the two-year requirement if such director was elected by, or on the
recommendation of, at least two-thirds of the directors who were directors at
the beginning of such period (either actually or by prior operation of this
provision), other than any director who is so approved in connection with any
actual or threatened contest for election to positions on the Board.

         (G) In the event of the occurrence of any corporate transaction or
event described in Section 10(A) or 10(B) hereof or the occurrence of a Change
in Control, the Committee may reasonably determine in good faith that all or a
portion of the Awards hereunder shall be honored, assumed or converted or new
rights substituted therefor (each such honored, assumed, converted or
substituted Award shall hereinafter be called an "Alternative Award") by a
Participant's employer (or the parent or a subsidiary of such employer)
immediately following such corporate transaction or event or Change in Control,
provided that any such Alternative Award must meet the following criteria:

         (i) the Alternative Award must be based on stock which is traded on an
established securities market, or which will be so traded within 30 days of the
transaction, event or Change in Control;

         (ii) the Alternative Award must provide such Participant with rights
and entitlements substantially equivalent to the rights and entitlements
applicable under such Award immediately prior to such transaction, event or
Change in Control, including, but not limited to, an identical or better
exercise schedule; and

                                       11
<PAGE>

         (iii) the Alternative Award must have economic value substantially
equivalent to the value of such Award (as determined by the Committee at the
time of the transaction, event or Change in Control).

         For purposes of incentive stock options, any assumed or substituted
stock option shall comply with the requirements of Treasury Regulation Section
1.425-1 (and any amendments thereto). The Committee may, in its sole discretion,
apply the same methodology to non-qualified stock options.

11.      PURCHASE FOR INVESTMENT, WAIVERS AND WITHHOLDING.

         (A) Unless the delivery of shares under any Award shall be registered
under the Securities Act of 1933, such Participant shall, as a condition of the
Company's obligation to deliver such shares, be required to represent to the
Company in writing that he or she is acquiring such shares for his or her own
account as an investment and not with a view to, or for sale in connection with,
the distribution of any thereof. All certificates for shares of Common Stock
delivered under the Plan shall be subject to such stock transfer orders and
other restrictions as the Committee may deem advisable under the rules,
regulations and other requirements of the Securities and Exchange Commission,
any stock exchange upon which the Common Stock is then listed or any national
securities association system upon whose system the Common Stock is then quoted,
any applicable federal or state securities law, and any applicable corporate
law, and the Committee may cause a legend or legends to be put on any such
certificates to make appropriate reference to such restrictions.

         (B) In the event of the death of a Participant, an additional condition
of exercising any Award shall be the delivery to the Company of such tax waivers
and other documents as the Committee shall determine.

         (C) An additional condition of exercising any non-qualified stock
option, LSAR, or Award of restricted stock, shall be the entry by the
Participant into arrangements with the Company with respect to withholding as
the Committee shall determine. The Company shall have the right to deduct from
any payment to be made to a Participant, or to otherwise require, prior to the
issuance or delivery of any shares of Common Stock or the payment of any cash
hereunder, payment by the Participant of, any federal, state or local taxes
required by law to be withheld. Upon the vesting of restricted stock, or upon
making an election under section 83(b) of the Code, a Participant shall pay all
required withholding to the Company. Any such withholding obligation with regard
to any Participant may be satisfied, subject to the consent of the Committee, by
reducing the number of shares of Common Stock otherwise deliverable. Any
fraction of a share of Common Stock required to satisfy such tax obligations
shall be disregarded and the amount due shall be paid instead in cash by the
Participant.

12. NO STOCKHOLDER STATUS; NO RESTRICTIONS ON CORPORATE ACTS; NO EMPLOYMENT
    RIGHT.

                                       12
<PAGE>

         (A) Neither any Participant nor his or her legal representatives,
legatees or distributees shall be or be deemed to be the holder of any share of
Common Stock covered by an Award unless and until a certificate for such share
has been issued. Upon payment of the purchase price therefor, a share issued
pursuant to the exercise of a stock option shall be fully paid and
non-assessable.

         (B) Neither the existence of the Plan nor any Award shall in any way
affect the right or power of the Company or its stockholders to make or
authorize any or all adjustments, recapitalizations, reorganizations or other
changes in the Company's capital structure or its business, or any merger or
consolidation of the Company, or any issue of bonds, debentures, preferred or
prior preference stock ahead of or affecting the Common Stock or the rights
thereof, or dissolution or liquidation of the Company, or any sale or transfer
of all or any part of its assets or business, or any other corporate act or
proceeding whether of a similar character or otherwise.

         (C) Neither the existence of the Plan nor the grant of any Award shall
require the Company, any Subsidiary or Parent to continue any Participant in the
employ or service of the Company, such Subsidiary or such Parent.

13.      TERMINATION AND AMENDMENT OF THE PLAN.

         The Board may at any time terminate the Plan or make such modifications
of the Plan as it shall deem advisable; PROVIDED, HOWEVER, that the Board may
not, without further approval of the holders of the shares of Common Stock in
accordance with the laws of the State of Delaware, solely to the extent required
by the applicable provisions of Rule 16b-3, section 162(m) or 422 of the Code or
the rules of any applicable exchange: (i) increase the aggregate number of
shares of Common Stock as to which Awards may be granted under the Plan (as
adjusted in accordance with the provisions of Section 10 hereof); (ii) increase
the minimum individual Participant share limitations under Section 9(B) of the
Plan; (iii) increase the maximum payment under Section 9(D) of the Plan; (iv)
materially alter the performance criteria described in Sections 4(C), 4(D) and
8(F), and Exhibit A of the Plan; (v) extend the maximum option period under
Section 7 of the Plan; (vi) change the class of persons eligible to participate
in the Plan; or (vii) change the manner of determining stock option prices under
Section 6 of the Plan. Except as otherwise provided in Section 15 hereof, no
termination or amendment of the Plan may, without the consent of the Participant
to whom any Award shall theretofore have been granted, adversely affect the
rights of such Participant under such Award.

14.      EXPIRATION AND TERMINATION OF THE PLAN.

         The Plan shall terminate on May 19, 2009 or at such earlier time as the
Board may determine. The amendments made to the Plan, effective January 1, 2000,
shall not be effective in the event that the amendments to the Plan are not
approved by the stockholders of the Company at its 2000 Annual Meeting of
Stockholders and the Plan as in effect immediately prior to January 1, 2000
shall continue in full force and effect. Awards may be granted under the Plan at
any time and from time to time prior to its termination. Any Award outstanding
under the Plan at the time of

                                       13
<PAGE>

the termination of the Plan shall remain in effect until such Award shall have
been exercised or shall have expired in accordance with its terms.

15.      STOCK OPTIONS GRANTED IN CONNECTION WITH ACQUISITIONS.

         In the event that the Committee determines that, in connection with the
acquisition by the Company or a Subsidiary of another corporation which will
become a Subsidiary or division of the Company (such corporation being hereafter
referred to as an "Acquired Subsidiary"), stock options may be granted hereunder
to employees and other personnel of an Acquired Subsidiary in exchange for then
outstanding stock options to purchase securities of the Acquired Subsidiary.
Such stock options may be granted at such option prices, may be exercisable
immediately or at any time or times either in whole or in part, and may contain
such other provisions not inconsistent with the Plan, or the requirements set
forth in Section 13 hereof that certain amendments to the Plan be approved by
the stockholders of the Company, as the Committee, in its discretion, shall deem
appropriate at the time of the granting of such stock options.

                                       14
<PAGE>

                                    EXHIBIT A

                                PERFORMANCE GOALS

         These performance goals shall be based on one or more of the following
criteria with regard to the Company (or a Subsidiary, Parent, division, or other
operational unit of the Company): (i) the attainment of certain target levels
of, or a specified percentage increase in, profits, market share, revenues,
income before income taxes and extraordinary items, net income, earnings before
income tax, earnings before interest, taxes, depreciation and amortization,
funds from operations or a combination of any or all of the foregoing; (ii) the
attainment of certain target levels of (including, without limitation, a
break-even), or a percentage increase in, after-tax or pre-tax profits
including, without limitation, that attributable to continuing and/or other
operations; (iii) the attainment of certain target levels of, or a specified
increase in, operational cash flow or cash generation targets; (iv) the
achievement of a certain level of, reduction of, or other specified objectives
with regard to limiting the level of increase in, all or a portion of, the
Company's bank debt or other long-term or short-term public or private debt or
other similar financial obligations of the Company, which may be calculated net
of such cash balances and/or other offsets and adjustments as may be established
by the Committee; (v) the attainment of a specified percentage increase in
earnings per share or earnings per share from continuing operations; (vi) the
attainment of certain target levels of, or a specified increase in return on
capital employed or return on invested capital; (vii) the attainment of certain
target levels of, or a percentage increase in, after-tax or pre-tax return on
stockholders' equity or profitability targets as measured by return ratio and
stockholder returns; (viii) the attainment of certain target levels of, or a
specified increase in, economic value added targets based on a cash flow return
on investment formula; (ix) the attainment of certain target levels in the fair
market value of the shares of the Company's common stock; and (x) the growth in
the value of an investment in the Company's common stock assuming the
reinvestment of dividends. For purposes of item (i) above, "extraordinary items"
shall mean all items of gain, loss or expense for the calendar year determined
to be extraordinary or unusual in nature or infrequent in occurrence or related
to a corporate transaction (including, without limitation, a disposition or
acquisition) or related to a change in accounting principle, all as determined
in accordance with standards established by opinion No. 30 of the Accounting
Principles Board.

         To the extent permitted under section 162 (m) of the Code, but only to
the extent permitted under section 162(m) of the Code with respect to "covered
employees" under section 162(m) of the Code (including, without limitation,
compliance with any requirements for stockholder approval), the Committee may:
(i) designate additional business criteria on which the performance goals may be
based or (ii) adjust, modify or amend the aforementioned business criteria.

                                       15<PAGE>

                               EXHIBIT 10.3(e)(i)

                                OGDEN CORPORATION
                              RESTRICTED STOCK PLAN

                                  INTRODUCTION

         The purpose of this Plan is to enhance the profitability and value of
the Company for the benefit of its stockholders by enabling the Company to offer
Restricted Stock to key employees of the Company and any of its Affiliates,
thereby creating a means to raise the level of stock ownership by key employees
in order to attract, retain and reward such employees and strengthen the
mutuality of interests between such employees and the Company's stockholders.

                                    ARTICLE I

                                   DEFINITIONS

         For purposes of this Plan, the following terms shall have the following
meanings:

         I.1 "AFFILIATE" shall mean each of the following: (a) any Subsidiary;
(b) any Parent; (c) any corporation, trade or business (including, without
limitation, a partnership or limited liability company) which is directly or
indirectly controlled fifty percent (50%) or more (whether by ownership of
stock, assets or an equivalent ownership interest or voting interest) by the
Company or one of its Affiliates; and (d) any other entity in which the Company
or any of its Affiliates has a material equity interest and which is designated
as an "Affiliate" by resolution of the Committee.

         I.2 "BOARD" shall mean the Board of Directors of the Company.

         I.3 "CAUSE" shall mean (with regard to a Participant's Termination of
Employment with the Company or an Affiliate) a Participant's: (a) willful and
continued failure to devote the time, attention and effort necessary to
substantially perform his or her duties as an officer of the Employer (other
than any such failure resulting from Participant's incapacity due to physical or
mental illness); (b) unless corrected in all material respects by the
Participant within fifteen (15) days following written notification by the
Employer to the Participant that the Employer intends to terminate his or her
employment for the reasons set forth under this Section 1.3(b), materially
unsatisfactory performance of his or her duties for the Employer, provided,
however, that on or after a Change in Control, any event described under this
Section 1.3(b) shall not be considered a basis for Termination of Employment of
the Participant by the Employer for Cause; (c) a material breach of any
confidentiality, non-competition or non-solicitation provision of any other
agreement, arrangement or plan between the Employer and a Participant; (d) acts
of dishonesty; (e) gross negligence or gross misconduct with regard to the
Employer or their respective assets; (f) misappropriation or fraud with regard
to the Employer or their assets; (g) conviction of, or the pleading of guilty

<PAGE>

or NOLO CONTENDERE to, a felony; (h) conviction of a crime involving, in the
sole discretion of the Committee, moral turpitude; or (i) a Participant's
Disability. A Termination of Employment for Cause shall mean a termination by
the Employer effected by written notice given within ninety (90) days of the
Employer's discovery of the Cause event.

         I.4 "CHANGE IN CONTROL" shall have the meaning set forth in
Article VII.

         I.5 "CODE" shall mean the Internal Revenue Code of 1986, as amended.

         I.6 "COMMITTEE" shall mean a committee of the Board appointed from time
to time by the Board, which committee shall be intended to consist of two or
more non-employee directors, each of whom shall be, to the extent required by
Rule 16b-3 promulgated under Section 16(b) of the Exchange Act as then in effect
or any successor provisions, a "non-employee director" as defined in Rule 16b-3,
except that, if and to the extent that no Committee exists which has the
authority to administer the Plan, the functions of the Committee shall be
exercised by the Board. If for any reason the appointed Committee does not meet
the requirements of Rule 16b-3, such noncompliance with the requirements of Rule
16b-3 shall not affect the validity of the awards, grants, interpretations or
other actions of the Committee.

         I.7 "COMMON STOCK" shall mean the common stock, $.50 par value per
share, of the Company.

         I.8 "COMPANY" shall mean Ogden Corporation and any successor by merger,
consolidation or otherwise.

         I.9 "DISABILITY" shall mean a permanent and total disability resulting
from a physical or mental condition of such severity and probable prolonged
duration whereby the Participant is entitled to and receives disability benefits
under the Federal Social Security Act or under the Employer's long-term
disability plan.

         I.10 "EFFECTIVE DATE" shall mean February 10, 2000.

         I.11 "ELIGIBLE EMPLOYEE" shall mean each key employee of the Employer.

         I.12 "EMPLOYER" shall mean, with respect to a Participant, the Company
or any Affiliate which employs such Participant.

         I.13 "EXCHANGE ACT" shall mean the Securities Exchange Act of 1934, as
amended.

         I.14 "PARENT" shall mean any parent corporation of the Company within
the meaning of Section 424(e) of the Code.

         I.15 "PARTICIPANT" shall mean an Eligible Employee to whom an award of
Restricted Stock has been made pursuant to this Plan.

                                      -2-
<PAGE>

         I.16     "PLAN" shall mean the Ogden Corporation Restricted Stock Plan.

         I.17 "RESTRICTED STOCK" shall mean an award of shares of Common Stock
under the Plan that is subject to restrictions under Article V.

         I.18 "RESTRICTION PERIOD" shall have the meaning set forth in
Subsection 5.3(a).

         I.19 "RULE 16B-3" shall mean Rule 16b-3 under Section 16(b) of the
Exchange Act as then in effect or any successor provisions.

         I.20 "SUBSIDIARY" shall mean any subsidiary of the Company as defined
in Section 424(f) of the Code.

         I.21 "TERMINATION OF EMPLOYMENT" shall mean: (a) a termination of
employment (for reasons other than a military or personal leave of absence
granted by the Company or an Affiliate) of a Participant from the Company and
its Affiliates; or (b) when an entity which is employing a Participant ceases to
be an Affiliate, unless the Participant otherwise is, or thereupon becomes,
employed by the Company or another Affiliate.

         I.22 "TRANSFER" or "TRANSFERRED" shall mean anticipate, alienate,
attach, sell, assign, pledge, encumber, charge or otherwise transfer.

                                   ARTICLE II

                                 ADMINISTRATION

         II.1 THE COMMITTEE. The Plan shall be administered and interpreted by
the Committee.

         II.2 AWARDS OF RESTRICTED STOCK. The Committee shall have full
authority to grant, pursuant to the terms of this Plan, awards of Restricted
Stock to Eligible Employees. In particular, the Committee shall have the
authority:

                  (a) to select the Eligible Employees to whom awards of
Restricted Stock may from time to time be granted hereunder;

                  (b) to determine whether and to what extent awards of
Restricted Stock are to be granted hereunder to one or more Eligible Employees;

                  (c) to determine the number of shares of Restricted Stock to
be covered by each award of Restricted Stock to an Eligible Employees; and

                  (d) to determine the terms and conditions, not inconsistent
with the terms of this Plan, of any award of Restricted Stock granted hereunder
to an Eligible Employee (including, but not limited to any restriction or
limitation, any vesting schedule or acceleration thereof, or any forfeiture
restrictions or waiver thereof, based on such factors, if any, as the Committee
shall determine, in its sole discretion).

                                      -3-
<PAGE>

         II.3 GUIDELINES. Subject to Article VIII hereof, the Committee shall
have the authority to adopt, alter and repeal such administrative rules,
guidelines and practices governing this Plan and perform all acts, including the
delegation of its administrative responsibilities, as it shall, from time to
time, deem advisable; to construe and interpret the terms and provisions of this
Plan and any award of Restricted Stock issued under this Plan (and any
agreements relating thereto); and to otherwise supervise the administration of
this Plan. The Committee may correct any defect, supply any omission or
reconcile any inconsistency in this Plan or in any agreement relating thereto in
the manner and to the extent it shall deem necessary to carry this Plan into
effect but only to the extent any such action would be permitted under the
applicable provisions of Rule 16b-3. The Committee may adopt special guidelines
and provisions for persons who are residing in, or subject to, the taxes of,
countries other than the United States to comply with applicable tax and
securities laws. To the extent applicable, this Plan is intended to comply with
the applicable requirements of Rule 16b-3 and shall be limited, construed and
interpreted in a manner so as to comply therewith.

         II.4 DECISIONS FINAL. Any decision, interpretation or other action made
or taken in good faith by or at the direction of the Company, the Board or the
Committee (or any of its members) arising out of or in connection with the Plan
shall be within the absolute discretion of all and each of them, as the case may
be, and shall be final, binding and conclusive on the Company and all employees
and Participants and their respective heirs, executors, administrators,
successors and assigns.

         II.5 PROCEDURES. If the Committee is appointed, the Board shall
designate one of the members of the Committee as chairman and the Committee
shall hold meetings, subject to the By-Laws of the Company, at such times and
places as it shall deem advisable. A majority of the Committee members shall
constitute a quorum. All determinations of the Committee shall be made by a
majority of its members. Any decision or determination reduced to writing and
signed by all the Committee members in accordance with the By-Laws of the
Company, shall be fully as effective as if it had been made by a vote at a
meeting duly called and held. The Committee shall keep minutes of its meetings
and shall make such rules and regulations for the conduct of its business as it
shall deem advisable.

         II.6     DESIGNATION OF CONSULTANTS/LIABILITY.

                  (a) The Committee may designate employees of the Company and
professional advisors to assist the Committee in the administration of the Plan
and may grant authority to employees to execute agreements or other documents on
behalf of the Committee.

                  (b) The Company, the Board or the Committee may consult with
and employ such legal counsel, consultants and agents as it may deem desirable
for the administration of the Plan (who may be, legal counsel, a consultant or
agent of the Company) and may rely upon any opinion received from any such
counsel or consultant and any computation received from any such consultant or
agent. Expenses incurred by the Committee or Board in the engagement of any such
counsel, consultant or agent shall be paid by the Company and, if applicable, an
Affiliate. The Committee, its members and any person

                                      -4-
<PAGE>

designated pursuant to paragraph (a) above shall not be liable for any action or
determination made in good faith with respect to the Plan. To the maximum extent
permitted by applicable law, no officer of the Company or an Affiliate or member
or former member of the Committee or of the Board shall be liable for any action
or determination made in good faith with respect to the Plan or any award of
Restricted Stock granted under it. To the maximum extent permitted by applicable
law and the Certificate of Incorporation and By-Laws of the Company or, if
applicable, an Affiliate, and to the extent not covered by insurance, each
officer and member or former member of the Committee or of the Board shall be
indemnified and held harmless by the Company or, if applicable, an Affiliate,
against any cost or expense (including reasonable fees of counsel reasonably
acceptable to the Company or, if applicable, an Affiliate) or liability
(including any sum paid in settlement of a claim with the approval of the
Company or, if applicable, an Affiliate), and advanced amounts necessary to pay
the foregoing at the earliest time and to the fullest extent permitted, arising
out of any act or omission to act in connection with the Plan, except to the
extent arising out of such officer's, member's or former member's own fraud or
bad faith. Such indemnification shall be in addition to any rights of
indemnification the officers, directors or members or former officers, directors
or members may have under applicable law or under the Certificate of
Incorporation or By-Laws of the Company or any Affiliate. Notwithstanding
anything else herein, this indemnification will not apply to the actions or
determinations made by an individual with regard to awards of Restricted Stock
granted to him or her under this Plan.

                                   ARTICLE III

                           SHARE AND OTHER LIMITATIONS

         III.1 SHARES TO BE DELIVERED. Shares to be issued under the Plan shall
be made available only from issued shares of Common Stock reacquired by the
Company and held in treasury. The aggregate number of shares of Common Stock
which may be issued under this Plan with respect to any award of Restricted
Stock shall not exceed 500,000 shares (subject to any increase or decrease
pursuant to Section 3.2). Notwithstanding the foregoing, if any shares of
Restricted Stock awarded under this Plan to a Participant are forfeited for any
reason, the number of forfeited shares of Restricted Stock shall again be
available for purposes of granting awards of Restricted Stock under the Plan.

         III.2    ADJUSTMENTS UPON CERTAIN EVENTS.

                  (a) ADJUSTMENTS. The existence of the Plan and any award of
Restricted Stock 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 any
adjustment, recapitalization, reorganization or other change in the Company's
capital structure or its business, any merger or consolidation of the Company,
any issue of bonds, debentures, preferred or prior preference stocks ahead of or
affecting Common Stock, the dissolution or liquidation of the Company or any
Affiliate, any sale or transfer of all or part of the assets or business of the
Company and any Affiliate, or any other corporate act or proceeding.

                                      -5-
<PAGE>

                  (b) CAPITAL STRUCTURE. In the event of (i) any such change in
the capital structure or business of the Company by reason of any stock dividend
or distribution, stock split or reverse stock split, recapitalization,
reorganization, merger, consolidation, spin-off, split-up, combination or
exchange of shares, distribution with respect to its outstanding Common Stock or
capital stock other than Common Stock, sale or transfer of all or part of its
assets or business, reclassification of its capital stock, or any similar change
affecting the Company's capital structure or business and (ii) the Committee
determines an adjustment is appropriate under the Plan, then the aggregate
number and kind of shares which thereafter may be issued under this Plan shall
be appropriately adjusted consistent with such change in such manner as the
Committee may deem equitable to prevent substantial dilution or enlargement of
the rights granted to, or available for, Participants under this Plan or as
otherwise necessary to reflect the change, and any such adjustment determined by
the Committee shall be binding and conclusive on the Company and all
Participants and employees and their respective heirs, executors,
administrators, successors and assigns.

                  (c) FRACTIONAL SHARES. Fractional shares resulting from
adjustment pursuant to Sections 3.2(a) or (b) shall be eliminated by rounding
down for fractions less than one-half (1/2) and rounding up for fractions equal
to or greater than one-half (1/2). No cash settlements shall be made with
respect to fractional shares eliminated by rounding.

                                   ARTICLE IV

                                   ELIGIBILITY

         An award of Restricted Stock under this Plan may be granted only to key
employees of the Company or an Affiliate. Eligibility for the grant of an award
of Restricted Stock under this Plan and actual participation in this Plan shall
be determined by the Committee in its sole discretion.

                                    ARTICLE V

                           AWARDS OF RESTRICTED STOCK

         V.1 AWARDS OF RESTRICTED STOCK. Subject to Section 3.1 and this Article
V, shares of Restricted Stock may be issued to Eligible Employees under the
Plan. The Committee shall determine the eligible persons to whom, and the time
or times at which, grants of Restricted Stock will be made, the number of shares
to be awarded, the price (if any) to be paid by the recipient (subject to
Section 5.2), the time or times within which such award of Restricted Stock may
be subject to forfeiture and the rights to acceleration thereof (subject to
Section 5.3), and all other terms and conditions of the award of Restricted
Stock.

         V.2 AWARDS OF RESTRICTED STOCK AND CERTIFICATES. The Eligible Employee
selected to become a Participant and to receive an award of Restricted Stock
shall not have any rights with respect to such award of Restricted Stock, unless
and until such Eligible Employee has delivered a fully executed copy of the
Restricted Stock award agreement evidencing the award of Restricted Stock to the
Company and has otherwise complied with the applicable terms and

                                      -6-
<PAGE>

conditions of such award of Restricted Stock. At such time, the Eligible
Employee shall become a Participant hereunder. Restricted Stock granted under
this Article V shall also be subject to the following conditions:

                  (a) PURCHASE PRICE. The purchase price (if any) of Restricted
Stock shall be fixed by the Committee. The purchase price for shares of
Restricted Stock may be zero to the extent permitted by applicable law, and, to
the extent not so permitted, such purchase price may not be less than par value.

                  (b) AGREEMENT. Awards of Restricted Stock shall be evidenced
by an agreement entered into between the Company and the Eligible Employee. In
the event that the Eligible Employee is required to pay the purchase price for
Restricted Stock in accordance with Section 5.2(a), such agreement must be
accepted within a period of sixty (60) days (or such shorter period as the
Committee may specify at grant) after the award date by executing a Restricted
Stock award agreement and by paying the purchase price, if any.

                  (c) LEGEND. Each Participant receiving an award of Restricted
Stock under this Article V shall be issued a stock certificate in respect of
such shares of Restricted Stock, unless the Committee elects to use another
system, such as book entries by the transfer agent, as evidencing ownership of
an award of Restricted Stock. Such certificate shall be registered in the name
of such Participant, and shall bear an appropriate legend referring to the
terms, conditions, and restrictions applicable to such award of Restricted
Stock, substantially in the following form:

                  "The anticipation, alienation, attachment, sale, transfer,
                  assignment, pledge, encumbrance or charge of the shares of
                  stock represented hereby are subject to the terms and
                  conditions (including forfeiture) of the Ogden Corporation
                  (the "Company") Restricted Stock Plan and an Agreement entered
                  into between the registered owner and the Company dated
                  ___________. Copies of such Plan and Agreement are on file at
                  the principal office of the Company."

                  (d) CUSTODY. If stock certificates are issued in respect of
shares of Restricted Stock, the Committee shall require that any stock
certificates evidencing such shares be held in custody by the Company until the
restrictions thereon shall have lapsed, and that, as a condition of any award of
Restricted Stock, the Participant shall have delivered a duly signed stock
power, endorsed in blank, relating to the Common Stock covered by such award of
Restricted Stock.

         V.3 RESTRICTIONS AND CONDITIONS ON AWARDS OF RESTRICTED STOCK. The
shares of Restricted Stock awarded pursuant to this Plan shall be subject to
Article VI and the following restrictions and conditions:

                                      -7-
<PAGE>

                  (a) RESTRICTION PERIOD; VESTING AND ACCELERATION OF VESTING.
The Participant shall not be permitted to Transfer shares of Restricted Stock
awarded under this Plan during the period or periods set by the Committee (the
"Restriction Period") commencing on the date of such award of Restricted Stock,
as set forth in the Restricted Stock award agreement and such agreement shall
set forth a vesting schedule and any events which would accelerate vesting of
the shares of Restricted Stock.

                  (b) RIGHTS AS STOCKHOLDER. Except as provided in this
subsection (b) and subsection (a) above and as otherwise determined by the
Committee, the Participant shall have, with respect to the shares of Restricted
Stock, all of the rights of a holder of shares of Common Stock of the Company
including, without limitation, the right to receive any dividends, the right to
vote such shares and, subject to and conditioned upon the vesting of shares of
Restricted Stock, the right to tender such shares. The Committee may, in its
sole discretion, determine at the time of grant that the payment of dividends
shall be deferred until, and conditioned upon, the expiration of the applicable
Restriction Period.

                  (c) LAPSE OF RESTRICTIONS. If and when the Restriction Period
expires without a prior forfeiture of the Restricted Stock subject to such
Restriction Period, the certificates for such shares shall be delivered to the
Participant. All legends shall be removed from said certificates at the time of
delivery to the Participant, except as otherwise required by applicable law.

         V.4 TERMINATION OF EMPLOYMENT FOR RESTRICTED STOCK. Unless otherwise
determined by the Committee at grant or thereafter, upon a Participant's
Termination of Employment for any reason during the relevant Restriction Period,
all Restricted Stock subject to restriction shall be forfeited. Upon a
Participant's Termination of Employment by the Employer for Cause, all
Restricted Stock subject to restriction shall be forfeited.

                                   ARTICLE VI

                               NON-TRANSFERABILITY

         Shares of Restricted Stock may not be Transferred prior to the date on
which such shares are issued, or, if later, the date on which the Restriction
Period lapses. No award of Restricted Stock shall, except as otherwise
specifically provided by law or herein, be Transferable in any manner prior to
the date on which the applicable Restriction Period lapses, and any attempt to
transfer any share prior to the date on which the applicable Restriction Period
lapses shall be void, and no award of Restricted Stock shall in any manner be
liable for or subject to the debts, contracts, liabilities, engagements or torts
of any person who shall be entitled to such award, nor shall it be subject to
attachment or legal process for or against such person.

                                      -8-
<PAGE>

                                   ARTICLE VII

                          CHANGE IN CONTROL PROVISIONS

         VII.1 BENEFITS. Upon the occurrence of a Change in Control of the
Company, except as otherwise provided by the Committee upon the grant of an
award of Restricted Stock, the restrictions to which any shares of Restricted
Stock granted to a Participant prior to the Change in Control are subject shall
lapse as if the applicable Restriction Period had ended upon such Change in
Control.

         VII.2 CHANGE IN CONTROL. A "Change in Control" shall be deemed to have
occurred upon:

                  (a) the acquisition by any person or group (within the meaning
of Section 13(d)(3) or 14(d)(2) of the Exchange Act of beneficial ownership
(within the meaning of Rule 13d-3 under the Exchange Act) of twenty-five percent
(25%) or more of either (i) the then outstanding shares of common stock of the
Company or (ii) the combined voting power of the then outstanding voting
securities of the Company entitled to vote generally in the election of
directors, provided that the following acquisitions shall not constitute a
Change in Control: (i) any acquisition directly from the Company (excluding any
acquisition by virtue of the exercise of a conversion privilege), (ii) any
acquisition by the Company; (iii) any acquisition by any employee benefit plan
(or related trust) sponsored or maintained by the Company, or any corporation
controlled by the Company or (iv) any acquisition by any corporation pursuant to
a reorganization, merger or consolidation, if following such reorganization,
merger or consolidation the conditions described in clause (iii) of paragraph
(c) below are met.

                  (b) individuals who, as of the Effective Date, constitute the
Board (the "Incumbent Board") cease for any reason to constitute at least a
majority of the Board; provided, however, that any individual becoming a
director subsequent to the Effective Date, whose election, or nomination for
election by the Company stockholders, was approved by a vote of at least a
majority of the directors then comprising the Incumbent Board shall be
considered as though such individual were a member of the Incumbent Board, but
excluding, for this purpose, any such individual whose initial assumption of
office occurs as a result of an actual or threatened election contest with
respect to the election or removal of directors or other actual or threatened
solicitation of proxies or consents by or on behalf of a person other than the
Board; or

                  (c) the stockholders of the Company approve: (i) a plan of
complete liquidation of the Company; or (ii) an agreement for the sale or
disposition of all or substantially all the Company's assets; or (iii) a merger,
consolidation, or reorganization of the Company with or involving any other
corporation, limited liability entity or similar person, other than a merger,
consolidation, or reorganization that would result in the voting securities of
the Company outstanding immediately prior thereto continuing to represent
(either by remaining outstanding or by being converted into voting securities of
the surviving entity) at least seventy-five percent (75%) of the combined voting
power of the voting securities of the

                                      -9-
<PAGE>

Company (or such surviving entity) outstanding immediately after such merger,
consolidation, or reorganization.

                                  ARTICLE VIII

                      TERMINATION OR AMENDMENT OF THE PLAN

         Notwithstanding any other provision of this Plan, the Board or the
Committee may at any time, and from time to time, amend, in whole or in part,
any or all of the provisions of the Plan, or suspend or terminate it entirely,
retroactively or otherwise; provided, however, that, unless otherwise required
by law or specifically provided herein, the rights of a Participant with respect
to an award of Restricted Stock granted prior to such amendment, suspension or
termination, may not be impaired without the consent of such Participant.

         The Committee may amend the terms of any award of Restricted Stock
theretofore granted, prospectively or retroactively, but, subject to Article III
above or as otherwise specifically provided herein, no such amendment or other
action by the Committee shall impair the rights of any holder without the
holder's consent.

                                   ARTICLE IX

                                  UNFUNDED PLAN

         This Plan is intended to constitute an "unfunded" plan for incentive
and deferred compensation. With respect to any payments as to which a
Participant has a fixed and vested interest but which are not yet made to a
Participant by the Company, nothing contained herein shall give any such
Participant any rights that are greater than those of a general creditor of the
Company.

                                    ARTICLE X

                               GENERAL PROVISIONS

         X.1 REPRESENTATION AND LEGEND. The Committee may require each person
receiving shares pursuant to an award of Restricted Stock under the Plan to
represent to and agree with the Company in writing that the Participant is
acquiring the shares without a view to distribution thereof. In addition to any
legend required by this Plan, the certificates for such shares may include any
legend which the Committee deems appropriate to reflect any restrictions on
Transfer.

         All certificates for shares of Common Stock delivered under the Plan
shall be subject to such stock transfer orders and other restrictions as the
Committee may deem advisable under the rules, regulations and other requirements
of the Securities and Exchange Commission, any stock exchange upon which the
Common Stock is then listed or any national securities association system upon
whose system the Common Stock is then quoted, any applicable Federal or state
securities law, and any applicable corporate law, and the Committee may

                                      -10-
<PAGE>

cause a legend or legends to be put on any such certificates to make appropriate
reference to such restrictions.

         X.2 OTHER PLANS. Nothing contained in this Plan shall prevent the Board
from adopting other or additional compensation arrangements, subject to
stockholder approval if such approval is required and such arrangements may be
either generally applicable or applicable only in specific cases.

         X.3 NO RIGHT TO EMPLOYMENT. Neither this Plan nor the grant of any
award of Restricted Stock hereunder shall give any Participant or other employee
any right with respect to continuance of employment by the Company or any
Affiliate, nor shall they be a limitation in any way on the right of the Company
or any Affiliate by which an employee is employed to terminate his or her
employment at any time.

         X.4 WITHHOLDING OF TAXES. The Employer shall have the right to deduct
from any payment to be made to a Participant, or to otherwise require, prior to
the issuance or delivery of any shares of Common Stock or the payment of any
cash hereunder, payment by the Participant of, any federal, state or local taxes
required by law to be withheld. Upon the vesting of Restricted Stock, or upon
making an election under Code Section 83(b), a Participant shall pay all
required withholding to the Employer.

         The Committee may permit any such statutory withholding obligation with
regard to any Participant to be satisfied by reducing the number of shares of
Common Stock otherwise deliverable or by delivering shares of Common Stock
already owned. Any fraction of a share of Common Stock required to satisfy such
tax obligations shall be disregarded and the amount due shall be paid instead in
cash by the Participant.

         X.5      LISTING AND OTHER CONDITIONS.

                  (a) As long as the Common Stock is listed on a national
securities exchange or system sponsored by a national securities association,
the issue of any shares of Common Stock pursuant to an award of Restricted Stock
shall be conditioned upon such shares being listed on such exchange or system.
The Company shall have no obligation to issue such shares unless and until such
shares are so listed.

                  (b) If at any time counsel to the Company shall be of the
opinion that any sale or delivery of shares of Common Stock pursuant to an award
of Restricted Stock is or may in the circumstances be unlawful or result in the
imposition of excise taxes on the Company under the statutes, rules or
regulations of any applicable jurisdiction, the Company shall have no obligation
to make such sale or delivery, or to make any application or to effect or to
maintain any qualification or registration under the Securities Act of 1933, as
amended, or otherwise with respect to shares of Common Stock or awards of
Restricted Stock.

                  (c) Upon termination of any period of suspension under this
Section 10.5, any award of Restricted Stock affected by such suspension which
shall not then have expired

                                      -11-
<PAGE>

or terminated shall be reinstated as to all shares available before such
suspension and as to shares which would otherwise have become available during
the period of such suspension.

         X.6 GOVERNING LAW. This Plan shall be governed and construed in
accordance with the laws of the State of Delaware (regardless of the law that
might otherwise govern under applicable Delaware principles of conflict of
laws).

         X.7 CONSTRUCTION. Wherever any words are used in this Plan in the
masculine gender they shall be construed as though they were also used in the
feminine gender in all cases where they would so apply, and wherever any words
are used herein in the singular form they shall be construed as though they were
also used in the plural form in all cases where they would so apply.

         X.8 OTHER BENEFITS. No award of Restricted Stock payment under this
Plan shall be deemed compensation for purposes of computing benefits under any
retirement plan of the Company or any Affiliate nor affect any benefits under
any other benefit plan now or subsequently in effect under which the
availability or amount of benefits is related to the level of compensation.

         X.9 COSTS. The Company shall bear all expenses included in
administering this Plan, including expenses of issuing Common Stock pursuant to
any award of Restricted Stock hereunder.

         X.10 NO RIGHT TO SAME BENEFITS. The provisions of an award of
Restricted Stock need not be the same with respect to each Participant, and such
awards of Restricted Stock to individual Participants need not be the same in
subsequent years.

         X.11 SECTION 16(b) OF THE EXCHANGE ACT. All transactions under the Plan
by persons subject to Section 16 of the Exchange Act involving shares of Common
Stock, including, without limitation, the grant of Restricted Stock and any
withholding of shares of Common Stock by the Employer in order to satisfy
required withholding, are intended to comply with all exemptive conditions under
Rule 16b-3. The Committee may establish and adopt written administrative
guidelines, designed to facilitate compliance with Section 16(b) of the Exchange
Act, as it may deem necessary or proper for the administration and operation of
the Plan and the transaction of business thereunder.

         X.12 SEVERABILITY OF PROVISIONS. If any provision of the Plan shall be
held invalid or unenforceable, such invalidity or unenforceability shall not
affect any other provisions hereof, and the Plan shall be construed and enforced
as if such provisions had not been included.

         X.13 HEADINGS AND CAPTIONS. The headings and captions herein are
provided for reference and convenience only, shall not be considered part of the
Plan, and shall not be employed in the construction of the Plan.

                                      -12-
<PAGE>

                                   ARTICLE XI

                                  TERM OF PLAN

         No award of Restricted Stock shall be granted pursuant to the Plan on
or after the tenth anniversary of the Effective Date Plan, but awards of
Restricted Stock granted prior to such tenth anniversary may extend beyond that
date.

                                      -13-
<PAGE>

                               EXHIBIT 10.3(e)(i)

                           RESTRICTED STOCK AGREEMENT

                  THIS AGREEMENT, made as of the ____ day of ________, 2000, by
and between Ogden Corporation, a Delaware corporation with its principal office
at Two Pennsylvania Plaza, New York, NY 10121 (the "Company"), and ___________,
residing at _______________________ (the "Participant").

                  WHEREAS, the Compensation Committee of the Board of Directors
of the Company (the "Committee") adopted the Ogden Corporation Restricted Stock
Plan as of February 10, 2000 (the "Plan"); and

                  WHEREAS, the Committee has determined that the Participant
receive an award of Restricted Stock under the Plan on __________, 2000 (the
"Grant Date").

                  NOW, THEREFORE, the Company and the Participant agree as
follows:

                  1.       GRANT OF SHARES.

                  Subject to the restrictions, terms and conditions of the Plan
and this Agreement, the Company hereby awards to the Participant _______________
(______) shares of the validly issued common stock of the Company, $.50 par
value per share (the "Shares"). To the extent required by law, the Participant
shall pay the Company the par value ($.50) for each Share awarded to the
Participant simultaneously with the execution of this Agreement. Pursuant to
Section 3 hereof, the Shares are subject to certain restrictions, which
restrictions shall expire in accordance with the provisions of Section 2 hereof.
While such restrictions are in effect, the Shares subject to such restrictions
shall be referred to herein as "Restricted Stock." Shares of common stock to be
issued pursuant to this Agreement shall be made available only from issued
shares of Common Stock reacquired by the Company and held in treasury.

                  2. VESTING. The Restricted Stock shall become vested and cease
to be Restricted Stock (but shall remain subject to the other terms of this
Agreement) as follows if the Participant has been continuously employed by the
Company or an Affiliate until such date:

                        Vesting Date                       Percentage of
                                                           Shares Vested

                1st Anniversary of Grant
                           Date                              50%

                2nd Anniversary of Grant
                            Date                             50%

                  There shall be no proportionate or partial vesting in the
periods prior to the applicable vesting dates and all vesting shall occur only
on the appropriate vesting date.

                  In addition, all shares shall become immediately vested and
cease to be Restricted Stock upon the earlier of the following to occur: (i) the
occurrence of a Change in Control; or (ii) the Participant's attainment of (a)
age 55 and completion of 15 years of service with the Company or any Affiliate
or (b) age 65.

                                      -1-
<PAGE>

                  3. RESTRICTIONS ON TRANSFER. The Participant shall not sell,
negotiate, transfer, pledge, hypothecate, assign or otherwise dispose of the
Shares, except as set forth in the Plan or this Agreement. Any attempted sale,
negotiation, transfer, pledge, hypothecation, assignment or other disposition of
the Shares in violation of the Plan or this Agreement shall be void and of no
effect and the Company shall have the right to disregard the same on its books
and records and to issue "stop transfer" instructions to its transfer agent.

                  4. FORFEITURE. If the Participant's employment with the
Company or any Affiliate is terminated for any reason (other than a Termination
of Employment without Cause), including, without limitation, for disability or
for Cause during the relevant Restriction Period, the Participant shall forfeit
to the Company, without compensation other than repayment of any par value paid
for such shares of Restricted Stock, any and all unvested Restricted Stock.

                  5. RIGHTS AS A HOLDER OF RESTRICTED STOCK. From and after the
Grant Date, the Participant shall have the right to vote the Restricted Stock,
to receive and retain all regular cash dividends payable to holders of Shares of
record on and after the Grant Date (although such dividends will be treated, to
the extent required by applicable law, as additional compensation for tax
purposes), and to exercise all other rights, powers and privileges of a holder
of Shares with respect to the Restricted Stock, with the exceptions that (i) the
Participant shall not be entitled to delivery of the stock certificate or
certificates representing the Restricted Stock until the Restriction Period has
expired; (ii) the Company (or its designated agent) will retain custody of the
stock certificate or certificates representing the Restricted Stock and any
other property ("RS Property") issued in respect of the Restricted Stock,
including stock dividends during the Restriction Period; (iii) no RS Property
will bear interest or be segregated in separate accounts during the Restriction
Period; and (iv) the Participant shall not transfer the Restricted Stock during
the Restriction Period.

                  6. ADJUSTMENTS. In the event of (i) any stock dividend or
distribution, stock split or reverse stock split, recapitalization,
reorganization, merger, consolidation, spin-off, split-up, combination or
exchange of shares, distribution with respect to its outstanding Common Stock or
capital stock other than Common Stock, sale or transfer of all or part of its
assets or business, reclassification of its capital stock, or any similar change
affecting the Company's capital structure or business and (ii) the Committee
determines an adjustment is appropriate under the Plan, then the aggregate
number and kind of shares of Restricted Stock under this Agreement shall be
appropriately adjusted consistent with such change in such manner as the
Committee may deem equitable to prevent substantial dilution or enlargement of
the rights granted to, or available for, Participant under the Plan. Any such
adjustment determined by the Committee shall be binding and conclusive on the
Company and all Participants and employees and their respective heirs,
executors, administrators, successors and assigns.

                  7. TAXES; SECTION 83(b) ELECTION. The Participant
acknowledges, subject to the last sentence of this paragraph, that: (i) no later
than the date on which any Restricted Stock shall have become vested, the
Participant shall pay to the Employer, or make arrangements satisfactory to the
Employer regarding payment of, any Federal, state or local taxes of any kind
required by law to be withheld with respect to any Restricted Stock which shall
have become so vested; (ii) the Employer shall, to the extent permitted by law,
have the right to deduct from any payment of any kind otherwise due to the
Participant any Federal, state or local taxes of any kind required by law to be
withheld with respect to any Restricted Stock which shall have become so vested,
including that the Employer may, but shall not be required to, sell a number of
Shares sufficient to cover applicable withholding taxes; and (iii) in the event
that the Participant does not satisfy (i) above on a timely basis, the Employer
may, but shall not be required to, pay such required withholding and treat such
amount as a demand loan to you at the maximum rate permitted by law, with such
loan, at the Employer's sole discretion and provided the Employer so notifies
the

                                      -2-
<PAGE>

Participant within 30 days of the making of the loan, secured by the Shares and
any failure by you to pay the loan upon demand shall entitle the Employer to all
of the rights at law of a creditor secured by the Shares. The Employer may hold
as security any certificates representing any Shares and, upon demand of the
Employer, the Participant shall deliver to the Employer any certificates in his
or her possession representing Shares together with a stock power duly endorsed
in blank. The Participant also acknowledges that it is his or her sole
responsibility, and not the Employer's to file timely and properly any election
under Section 83(b) of the Internal Revenue Code and any corresponding
provisions of state or local tax laws, if you wish to utilize such election.

                  8. LEGEND. In the event that a certificate evidencing
Restricted Stock is issued, the certificate representing the Shares shall have
endorsed thereon the following legends:

                           (a) "THE ANTICIPATION, ALIENATION, ATTACHMENT, SALE,
TRANSFER, ASSIGNMENT, PLEDGE, ENCUMBRANCE OR CHARGE OF THE SHARES OF STOCK
REPRESENTED HEREBY ARE SUBJECT TO THE TERMS AND CONDITIONS (INCLUDING
FORFEITURE) OF THE OGDEN CORPORATION (THE "COMPANY") RESTRICTED STOCK PLAN AND
AN AGREEMENT ENTERED INTO BETWEEN THE REGISTERED OWNER AND THE COMPANY DATED AS
OF THE ___ DAY OF ________, ____. COPIES OF SUCH PLAN AND AGREEMENT ARE ON FILE
AT THE PRINCIPAL OFFICE OF THE COMPANY."

                           (b) Any legend required to be placed thereon by
applicable blue sky laws or other law of any state or securities law.

                  Notwithstanding the foregoing, in no event shall the Company
be obligated to issue a certificate representing the Restricted Stock prior to
vesting as set forth in Section 2 hereof.

                  9. SECURITIES REPRESENTATIONS. The Shares are being issued to
the Participant and this Agreement is being made by the Company in reliance upon
the following express representations and warranties of the Participant.

                  The Participant acknowledges, represents and warrants that:

                           (a) the Shares are being acquired for your own
account and not with a view to, or for sale with, the distribution thereof, nor
with any present intention of distributing or selling any such Shares;

                           (b) the Participant has been advised that he or she
may be an "affiliate" within the meaning of Rule 144 under the Securities Act of
1933 (the "Act") and in this connection the Company is relying in part on the
Participant's representations set forth in this Section 9;

                           (c) if the Participant is deemed an affiliate within
the meaning of Rule 144 of the Act, the Shares must be held indefinitely by the
Participant unless an exemption from any applicable resale restrictions is
available or the Company files an additional registration statement (or a
"re-offer prospectus") with regard to such Shares and the Company is under no
obligation to continue in effect a Form S-8 Registration Statement or to
otherwise register the Shares (or to file a "re-offer prospectus");

                           (d) if the Participant is deemed an affiliate within
the meaning of Rule 144 of the Act, the Participant understands that the
exemption from registration under Rule 144 will not be available under current
law unless (i) a public trading market then exists for the Shares of the
Company, (ii) adequate information concerning the Company is then available to
the public, and (iii) other terms and

                                      -3-
<PAGE>

conditions of Rule 144 or any exemption therefrom are complied with and that any
sale of the Shares may be made only in limited amounts in accordance with such
terms and conditions.

                  10. NOT AN EMPLOYMENT AGREEMENT. Neither the execution of this
Agreement nor the issuance of the Shares hereunder constitute an agreement by
the Employer to employ or to continue to employ the Participant during the
entire, or any portion of, the term of this Agreement, including but not limited
to any period during which any Restricted Stock is outstanding.

                  11. POWER OF ATTORNEY. The Company, its successors and
assigns, is hereby appointed the attorney-in-fact, with full power of
substitution, of the Participant for the purpose of carrying out the provisions
of this Agreement and taking any action and executing any instruments which such
attorney-in-fact may deem necessary or advisable to accomplish the purposes
hereof, which appointment as attorney-in-fact is irrevocable and coupled with an
interest. The Company, as attorney-in-fact for the Participant, may in the name
and stead of the Participant, make and execute all conveyances, assignments and
transfers of the Restricted Stock, other RS Property, Shares and property
provided for herein, and the Participant hereby ratifies and confirms all that
the Company, as said attorney-in-fact, shall do by virtue hereof. Nevertheless,
the Participant shall, if so requested by the Company, execute and deliver to
the Company all such instruments as may, in the judgment of the Company, be
advisable for this purpose.

                  12. UNCERTIFICATED SHARES. Notwithstanding anything else
herein, the Committee may, in its sole and absolute discretion and in accordance
with Section 158 of the Delaware General Corporation Law, subject to the terms
of the Plan, issue the Shares in the form of uncertificated shares. Such
uncertificated shares of Restricted Stock shall be credited to a book entry
account maintained by the Company (or its designee) on behalf of the
Participant. If thereafter certificates are issued with respect to such
uncertificated shares of Restricted Stock, such issuance and delivery of
certificates shall be in accordance with the applicable terms of this Agreement.

                  13.      MISCELLANEOUS.

                           13.1 This Agreement shall inure to the benefit of and
be binding upon the parties hereto and their respective heirs, personal legal
representatives, successors, trustees, administrators, distributees, devisees
and legatees. The Company may assign to, and require, any successor (whether
direct or indirect, by purchase, merger, consolidation or otherwise) to all or
substantially all of the business and/or assets of the Company or any Affiliate
by which you the Participant is employed to expressly assume and agree in
writing to perform this Agreement. Notwithstanding the foregoing, the
Participant may not assign this Agreement.

                           13.2 This award of Restricted Stock shall not affect
in any way the right or power of the Board of Directors or stockholders of the
Company to make or authorize any adjustment, recapitalization, reorganization or
other change in the Company's capital structure or its business, any merger or
consolidation of the Company, any issue of bonds, debentures, preferred or prior
preference stocks ahead of or affecting the Common Stock, the dissolution or
liquidation of the Company or any Affiliate, any sale or transfer of all or part
of its assets or business of the Company and any Affiliate and any other
corporate act or proceeding.

                           13.3 The Participant agrees that the award of the
Restricted Stock hereunder is special incentive compensation and that it, any
dividends paid thereon (even if treated as compensation for tax purposes) and
any other RS Property will not be taken into account as "salary" or
"compensation" or "bonus" in determining the amount of any payment under any
pension, retirement or profit-sharing plan of the Company or any life insurance,
disability or other benefit plan of the Company.

                                      -4-
<PAGE>

                           13.4 No modification or waiver of any of the
provisions of this Agreement shall be effective unless in writing and signed by
the party against whom it is sought to be enforced.

                           13.5 This Agreement may be executed in one or more
counterparts, all of which taken together shall constitute one contract.

                           13.6 The failure of any party hereto at any time to
require performance by another party of any provision of this Agreement shall
not affect the right of such party to require performance of that provision, and
any waiver by any party of any breach of any provision of this Agreement shall
not be construed as a waiver of any continuing or succeeding breach of such
provision, a waiver of the provision itself, or a waiver of any right under this
Agreement.

                           13.7 The headings of the sections of this Agreement
have been inserted for convenience of reference only and shall in no way
restrict or modify any of the terms or provisions hereof.

                           13.8 The Company shall pay all fees and expenses
necessarily incurred by the Company in connection with the Plan and this
Agreement and will from time to time use its reasonable efforts to comply with
all laws and regulations which, in the opinion of counsel to the Company, are
applicable thereto.

                           13.9 All notices, consents, requests, approvals,
instructions and other communications provided for herein shall be in writing
and validly given or made when delivered, or on the second succeeding business
day after being mailed by registered or certified mail, whichever is earlier, to
the persons entitled or required to receive the same, at the addresses set forth
at the heading of this Agreement or to such other address as either party may
designate by like notice. Notices to the Company shall be addressed to the
Corporate Secretary.

                           13.10 This Agreement and the award hereunder is
subject to all the restrictions, terms and provisions of the Plan which are
incorporated herein by reference. In the event of an inconsistency between any
provision of the Plan and this Agreement, unless otherwise indicated, the terms
of the Plan shall control. The capitalized terms in this Agreement that are not
otherwise defined shall have the same meaning as set forth in the Plan.

                           13.11 By executing this Agreement and by paying the
price (if any) required hereunder within 60 days after the day and year first
above written, the award of Restricted Stock shall be accepted by the
Participant.

                           13.12 This Agreement shall be construed, interpreted
and governed and the legal relationships of the parties determined in accordance
with the internal laws of the State of Delaware without reference to rules
relating to conflicts of law.

                                      -5-
<PAGE>

                  IN WITNESS WHEREOF, the parties hereto have caused this
Agreement to be duly executed as of the day and year first above written.

                                 OGDEN CORPORATION

                                 By_________________________________
                                    (Title)

                                 -----------------------------------
                                 (Participant)

                                      -6-
<PAGE>

                                 ACKNOWLEDGMENT

STATE OF DELAWARE       )

                                            ss.:

COUNTY OF ___________   )

                  On this ____ day of ____, 2000 before me personally appeared
_____________ to me known to be the person described in and who executed the
foregoing agreement, and acknowledged that he or she executed the same as his or
her free act and deed.

                          -----------------------------------
                                  Notary Public

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