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                                                                   EXHIBIT 10(c)

                                HUNT CORPORATION

                     1993 STOCK OPTION AND STOCK GRANT PLAN
                     --------------------------------------
                      (As Amended effective June 28, 2000)

         1. Purpose.

         The 1993 Stock Option and Stock Grant Plan (the "Plan") is designed to
enable Hunt Corporation (the "Company") and its subsidiaries to attract and
retain capable officers and key management level employees and independent
consultants who perform services for the Company and to provide an inducement to
such personnel to promote the best interests of the Company and its subsidiaries
by enabling and encouraging them, through the grant of incentive and
nonqualified stock options ("Options") and/or stock ("Stock Grants") to acquire
stock in the Company.

         As used in the Plan, the term "incentive stock options" means options
which, at the time such options are granted under the Plan, qualify as incentive
stock options within the meaning of Section 422 of the Internal Revenue Code of
1986, as amended (the "Code") and are designated as incentive stock options in
the Option Agreement (as hereinafter defined). The term "nonqualified stock
options" means all other options granted under the Plan. The term "subsidiary"
means any corporation which, at the time an Option is granted or Stock Grant is
made under the Plan, qualifies as a subsidiary of the Company under the
definition of "subsidiary corporation" contained in Section 424(f) of the Code,
or any similar provision hereafter enacted, except that such term shall not
include any corporation which is classified as a foreign corporation pursuant to
Section 7701 of the Code.

         2. Administration.

         The Plan shall be administered by the Company's Compensation Committee
(the "Committee") which shall consist of not less than three non-employee
directors (within the meaning of Rule 16b-3(b)(3) under the Securities Exchange
Act of 1934 (the "Exchange Act"), or any successor thereto) who are also outside
directors (within the meaning of Treas. Reg. Section 1.162-27(e)(3), or any
successor thereto) of the Company who shall be appointed by, and shall serve at
the pleasure of, the Company's Board of Directors (the "Board"). Each member of
the Committee, while serving as such, shall be deemed to be acting in his/her
capacity as a director of the Company.

         The Committee shall have full authority to construe and interpret the
Plan and, subject to the provisions of the Plan: to establish, amend, and
rescind appropriate rules and regulations relating to the Plan; to take such
action as may be appropriate or necessary to insure the continued qualification
of any incentive stock options granted under the Plan; to select the persons to
whom Options will be granted and/or Stock Grants made under the Plan; to grant
Options and make Stock Grants and set the date of grant and other terms and
conditions thereof; to make recommendations to the Board; and to take all such
steps and make all such determinations in connection with the Plan and the
Options granted and the Stock Grants made hereunder as it may deem necessary or
advisable. All such rules, regulations, determinations, and interpretations of
the Committee shall be final, conclusive, and binding on all persons.

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         3. Stock Subject to the Plan.

         Subject to the provisions of Section 8, up to an aggregate maximum of
3,500,000 of the Company's Common Shares, par value $.10 per share ("Shares"),
shall be authorized for the grant of Options and/or Stock Grants under the Plan;
provided, however, that, of such amount, not more than 525,000 Shares shall be
available for Stock Grants, and further provided, that, no Eligible Employee (as
hereinafter defined) or Consultant (as defined below) shall receive Options
and/or Stock Grants for more than 300,000 Shares over any one-year period.
Shares issuable under the Plan may be authorized but unissued Shares or
reacquired Shares, as the Board shall determine. If any Option granted under the
Plan expires or otherwise terminates, in whole or in part, without having been
exercised, or if any Stock Grant hereunder is terminated, in whole or in part,
the Shares subject to the unexercised portion of such Option and the unvested
Shares covered by such Stock Grant shall be available for the granting of
Options and Stock Grants under the Plan as fully as if such Shares had never
been subject to an Option or a Stock Grant; provided, however, that:

               (a) If an Option is cancelled or if a Stock Grant is terminated,
     the Shares subject to the unexercised portion of such Option and/or the
     unvested Shares covered by such Stock Grant shall continue to be counted
     against the maximum number of Shares specified above which may be awarded
     to an Eligible Employee or Consultant during the one-year period in which
     the Option or Stock Grant was originally awarded, and

               (b) If the exercise price of an Option is reduced after the date
     of grant, the transaction shall be treated as a cancellation of the
     original Option and the grant of a new Option for purposes of such maximum.

         4. Eligibility.

         Those persons eligible to participate in the Plan shall be the officers
and other key management level employees of the Company and any of its
subsidiaries ("Eligible Employees"), including directors who are also officers
or key management level employees of the Company or any of its subsidiaries.
Independent consultants who perform consulting services for the Company and any
of its subsidiaries ("Consultants") shall also be eligible to participate.
Incentive stock options, nonqualified stock options, or Shares, or a combination
thereof, may be granted under the Plan to an Eligible Employee, and nonqualified
stock options and Shares, or a combination thereof, but not incentive stock
options, may be granted under the Plan to a Consultant. In making any
determination as to whether a given employee or Consultant shall receive a grant
under the Plan, and in determining the size and nature of any such grant, the
Committee shall take into account the duties of such employee or Consultant,
his/her past, present, and potential contributions to the success of the Company
and its subsidiaries, and such other factors as the Committee shall deem
relevant in accomplishing the purposes of the Plan.

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         5. Grants, Terms and Conditions of Options.

         From time to time until the expiration or earlier termination of the
Plan, the Committee may grant to Eligible Employees and/or Consultants
("Optionees") under the Plan such incentive and/or nonqualified stock options as
it determines are warranted; provided, however, that grants of incentive and
nonqualified options shall be separate and not in tandem; and provided further
that incentive stock options shall not be granted to Consultants. Options
granted pursuant to the Plan shall be in such form as the Committee, from time
to time, shall approve, and shall be subject to the following terms and
conditions:

               (a) Price. Except as provided in Subsection (j), the price per
     Share under each Option granted under the Plan shall be determined and
     fixed by the Committee in its discretion but shall not be less than the
     higher of 100 percent of the Fair Market Value of the Shares or the par
     value thereof on the date of grant of such Option. As used in the Plan, the
     term "Fair Market Value" shall mean:

                           (i) If the principal market for the Shares is a
         registered securities exchange, the mean between the highest and lowest
         quoted selling prices of such Shares on the date of grant, or, if there
         are no such reported sales on that date, then on the last previous date
         (within a reasonable period prior to the date of grant) on which there
         were such reported sales; or

                           (ii) Such other method of determining fair market
         value as shall be authorized by the Code, or the rules or regulations
         thereunder, and adopted by the Committee.

               (b) Term. Subject to earlier termination as provided in
     Subsections (c) through (g) and in Section 8, and except as otherwise
     provided in Subsection (j), the term of each Option shall not be less than
     two nor more than ten years from the date of grant.

               (c) Exercise and Payment. Options shall be exercisable in such
     installments and on such dates, not less than one year from the date of
     grant, as the Committee may specify. Except as otherwise expressly provided
     in the Plan, Options shall be exercisable by an Optionee only while he/she
     remains in the employment of the Company or a subsidiary. Any Option
     Shares, the right to the purchase of which has accrued, may be purchased at
     any time up to the expiration or termination of the Option. Options may be
     exercised, in whole or in part, from time to time, by giving written notice
     of exercise to the Company at its principal office, specifying the number
     of Shares to be purchased and accompanied by payment in full of the
     aggregate purchase price for such Shares. Only full shares shall be issued,
     and any fractional share which might otherwise be issuable upon exercise of
     an Option granted hereunder shall be forfeited. The purchase price of
     Option Shares shall be payable:

                           (i) In cash or its equivalent;

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                           (ii) If the Committee, in its discretion, permits, in
         whole or in part through the surrender or delivery of Shares previously
         acquired by the Optionee (provided that if such Shares are statutory
         option stock, as defined in Section 424(c)(3) of the Code, such Shares
         have been held by the Optionee for a period which is not less than the
         holding period described in Section 422(a)(1) or 423(a)(1) of the Code,
         as applicable);

                           (iii) If and to the extent the Committee, in its
         discretion, permits, in whole or in part through the surrender or
         delivery of Shares newly acquired by the Optionee upon exercise of such
         Option (which surrender or delivery shall constitute a disqualifying
         disposition in the case of an Option which is an incentive stock
         option); or

                           (iv) If and to the extent the Committee, in its
         discretion, permits, by delivering a properly executed notice of
         exercise of the Option to the Company and a broker, with irrevocable
         instructions to the broker promptly to deliver to the Company the
         amount of sale or loan proceeds necessary to pay the exercise price of
         the Option (the sale of Shares pursuant to such instructions shall
         constitute a disqualifying disposition in the case of an Option which
         is an incentive stock option).

               In the event such purchase price is paid, in whole or in part,
     with Shares, the portion of the purchase price so paid shall be equal to
     the Fair Market Value, on the date of exercise of the Option, of the Shares
     surrendered or delivered in payment of such purchase price.

               (d) Termination of Optionee's Employment. If an Optionee's
     employment by the Company and its subsidiaries is terminated prior to the
     expiration date of his/her Option by either party for any reason, with or
     without cause, other than by reason of death, disability, or retirement (as
     provided in Subsections (e), (f), and (g)), such Option shall terminate
     immediately upon such termination of employment, provided that the
     Committee, in its discretion, may extend the period for exercise following
     any such termination of employment, to the extent of the number of Shares
     with respect to which the Optionee could have exercised it on the date of
     such termination, for up to three months, but not beyond the expiration
     date of such Option. Notwithstanding the foregoing, in the event an
     Optionee's employment is terminated as contemplated in this Subsection and
     Options held by him/her have not yet become exercisable in accordance with
     their terms, the Committee, in its discretion, may allow all or a part of
     such Options to be exercised pursuant to this Subsection, provided that
     such Options have been outstanding for at least one year at the time of the
     Optionee's termination of employment. For purposes of the Plan, a leave of
     absence of one year or less which has been expressly approved by the Board
     shall not be deemed to constitute a termination of employment. A leave of
     absence longer than one year shall be deemed to constitute a termination of
     employment, unless the Committee determines otherwise. For purposes of this
     Section 5, an Optionee who is a Consultant shall be deemed to have
     terminated employment if such person's consulting relationship with the
     Company and its subsidiaries is terminated.

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               (e) Death of Optionee. If an Optionee's employment is terminated
     (within the meaning of Subsection (d)) by reason of his/her death prior to
     the expiration of his/her Option, or if an Optionee shall die following
     his/her termination of employment but prior to the expiration date of
     his/her Option or expiration of the period determined under Subsection (d),
     (f), or (g), if earlier, such Option may be exercised, by the Optionee's
     estate, personal representative, or beneficiary who acquired the right to
     exercise such Option by bequest or inheritance or by reason of the death of
     the Optionee, in whole or in part, but only to the extent of the number of
     Shares with respect to which the Optionee could have exercised it on the
     date of his/her death, at any time prior to the earlier of:

                           (i) One year following the date of the Optionee's
         death, or

                           (ii) The expiration date of such Option (which, in
         the case of death following a termination of employment pursuant to
         Subsection (d), (f), or (g), shall be deemed to mean the expiration of
         the exercise period determined thereunder).

               Notwithstanding the foregoing, in the event that an Optionee's
     employment is terminated by his/her death and Options held by him/her have
     not yet become exercisable in accordance with their terms, the Committee,
     in its discretion, may allow all or a part of such Options to be exercised
     pursuant to this Subsection, provided that such Options have been
     outstanding for at least one year at the time of the Optionee's death.

               (f) Disability of Optionee. If an Optionee shall become
     permanently and totally disabled (within the meaning of Section 22(e)(3) of
     the Code) and his/her employment with the Company and its subsidiaries is
     terminated (within the meaning of Subsection (d)) as a consequence of such
     disability prior to the expiration date of his/her Option, such Option may
     be exercised by the Optionee, in whole or in part, but only to the extent
     of the number of Shares with respect to which the Optionee could have
     exercised it on the date of such termination of employment, at any time
     prior to the earlier of:

                           (i) One year following the date of the Optionee's
         termination of employment, or

                           (ii) The expiration date of such Option.

               Notwithstanding the foregoing, if at the time of termination of
     an Optionee's employment due to disability, Options held by such Optionee
     have not yet become exercisable in accordance with their terms, the
     Committee, in its discretion, may allow all or a part of such Options to be
     exercised pursuant to this Subsection, provided that such Options have been
     outstanding for at least one year at the time of the Optionee's termination
     of employment.

               (g) Retirement of Optionee. If an Optionee retires in accordance
     with the retirement policy of the Company, or with the express consent of
     the Board, prior to the expiration date of his/her Option, such Option may

                                      -5-
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     be exercised by the Optionee, in whole or in part, but only to the extent
     of the number of Shares with respect to which the Optionee could have
     exercised it on the date of his/her retirement, at any time prior to the
     earlier of:

                           (i) Three months after the date of retirement, or

                           (ii) The expiration date specified in such Option.

               Notwithstanding the foregoing, the Committee may, in its
     discretion, (A) extend the period for exercise following an Optionee's
     retirement for up to nine additional months (or, with respect to an Option
     for 175,000 Shares granted by the Committee to Donald L. Thompson on June
     28, 2000, two additional years) but not beyond the expiration date of such
     Option, despite the fact that such an extension would prevent an Option
     from qualifying as an incentive stock option under the Code and/or (B) in
     the event that any Options held by a retiring Optionee have not yet become
     exercisable in accordance with their terms, allow all or a part of such
     Options to be exercised pursuant to this Subsection, provided that such
     Options have been outstanding for at least one year at the time of the
     Optionee's retirement.

               (h) Transferability. No Option intended to be an incentive stock
     option shall be assignable or transferable by an Optionee otherwise than by
     will or by the laws of descent and distribution. Unless otherwise permitted
     by the Committee, all other Options shall not be assignable or transferable
     by an Optionee otherwise than by will or by the laws of descent and
     distribution.

               A transferred Option shall continue to be subject to the same
     terms and conditions as were applicable to such Option immediately prior to
     transfer, and the Optionee shall remain subject to tax withholding under
     Section 5(l) with respect to such Option. The events of termination of
     employment of Section 5 shall also continue to be applied with respect to
     the original Optionee, following which events the transferred Option shall
     be exercisable by the transferee only to the extent, and for the periods
     specified in, Sections 5(c), (d), (e), (f) and (g).

               (i) Rights as a Stockholder. An Optionee shall have no rights as
     a stockholder with respect to any Shares covered by his/her Option until
     the issuance of a stock certificate to him/her representing such Shares.

               (j) Ten Percent Shareholder. Notwithstanding any other provision
     of the Plan, if an Eligible Employee owns more than ten percent of the
     total combined voting power of all shares of stock of the Company or of a
     Related Corporation at the time an incentive stock option is granted to
     such Eligible Employee, the incentive stock option price shall not be less
     than 110 percent of the Fair Market Value of the optioned Shares on the
     date the incentive stock option is granted, and such incentive stock option
     by its terms shall not be exercisable after the expiration of five years
     from the date the incentive stock option is granted. As used in this Plan,
     the term "Related Corporation" shall mean a subsidiary or a corporate
     parent of the Company as defined in Section 424 of the Code.

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               (k) Annual Limit on Grant of Incentive Stock Options. The
     aggregate Fair Market Value (determined as of the time an incentive stock
     option is granted) of the Shares with respect to which incentive stock
     options are exercisable for the first time during any calendar year (under
     this Plan and any other incentive stock option plan of the Company or a
     Related Corporation) shall not exceed $100,000.

               (l) Use of Shares to Satisfy Tax Obligation. When an Optionee is
     required to pay to the Company or a Related Corporation an amount required
     to be withheld under applicable Federal, state, or local income tax or
     similar laws in connection with the exercise of nonqualified stock options
     under the Plan, the Committee may, in its discretion and subject to such
     rules as it may adopt, permit the Optionee to satisfy the obligation, in
     whole or in part, by electing to have the Company withhold Shares (or by
     returning to the Company previously held Shares), which shares shall be
     valued, for this purpose, at their Fair Market Value on the date of
     exercise of the nonqualified stock option (or, if later, the date on which
     the Optionee recognizes ordinary income with respect to such exercise). If
     Shares acquired by exercise of an incentive stock option are used for such
     purpose, and if the holding period requirements of Section 422(a)(1) of the
     Code have not been met with respect to such Shares, the use of such Shares
     to satisfy the withholding obligation will be a disqualifying disposition
     of such Shares.

               (m) Option Agreement and Further Conditions. Each Optionee shall
     enter into, and be bound by the terms of, a stock option agreement (the
     "Option Agreement") which shall include or incorporate by reference the
     terms of the Option and the Plan and which shall contain such other terms,
     conditions, and restrictions not inconsistent with the Plan (or, in the
     case of incentive stock options, the provisions of Section 422(b) of the
     Code) as the Committee shall determine. Without limiting the generality of
     the foregoing, the Committee, in its discretion, may impose further
     conditions upon the exercisability of Options, and restrictions on
     transferability and repurchase rights with respect to Shares issued upon
     exercise of Options.

         6. Terms and Conditions of Stock Grants.

         From time to time until the expiration or earlier termination of the
Plan, the Committee may make such Stock Grants under the Plan to Eligible
Employees and/or Consultants ("Grantees") as it determines are warranted. Stock
Grants shall be subject to the following terms and conditions:

               (a) Vesting Period. The Committee shall establish one or more
     vesting periods ("Vesting Periods") with respect to the Shares covered by a
     Stock Grant. The length of such Vesting Period shall be within the
     discretion of the Committee, except that (subject to Subsection (c) and
     Section 8) such period or periods shall not be less than one year nor more
     than five years from the date of grant. Subject to the provisions of this
     Section 6, Shares subject to a Stock Grant shall vest in the Grantee upon
     the expiration of the Vesting Period with respect to such Shares.

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               (b) Bonus Payment. For so long as a Grantee's Stock Grant remains
     outstanding and unvested, the Company shall pay to the Grantee a cash bonus
     equal to the dividends which the Grantee would have received from the
     Company had he/she actually held the Shares represented by the unvested
     portion of his/her Stock Grant. Such payments shall be made within 60 days
     following the end of each fiscal quarter of the Company with respect to any
     dividends which may have been paid by the Company on its Shares during such
     quarter, and will constitute wages subject to withholding for Federal
     income tax purposes.

               (c) Termination.

                           (i) Death, Disability, or Retirement. If, prior to
         the expiration of the Vesting Period with respect to Shares subject to
         a Stock Grant ("Unvested Shares"), a Grantee's employment with the
         Company and its subsidiaries is terminated by reason of his/her death,
         or by reason of his/her disability or retirement (as provided in
         Sections 5(f) and (g), respectively), then in each such case there
         shall immediately be vested in the Grantee, or in his/her beneficiary
         or estate, that number of full Shares that bears the same ratio to all
         the Grantee's Unvested Shares having the same Vesting Period as the
         number of the days which have elapsed from the date of the original
         Stock Grant of such Shares to the date of such termination of the
         Grantee's employment bears to the total number of days in the Vesting
         Period with respect to such Shares. [An example of the operation of the
         preceding sentence is set forth in the Appendix to the Plan.] The
         remainder of the Grantee's Stock Grant not vested pursuant to the
         preceding sentence shall immediately terminate, except that the
         Committee, if it determines that the circumstances warrant, may direct
         that all or a portion of such remaining Unvested Shares also be vested
         in the Grantee, subject to such further terms and conditions, if any,
         as the Committee may determine. For purposes of this Section 6, a
         Grantee who is a Consultant shall be deemed to have terminated
         employment if such person's consulting relationship with the Company
         and its subsidiaries is terminated.

                           (ii) Other Terminations of Employment. If a Grantee's
         employment is terminated (within the meaning of Paragraph (i)) for any
         reason other than his/her death, disability, or retirement as
         aforesaid, the unvested portion of the Grantee's Stock Grant shall
         immediately terminate, except that the Committee, if it determines that
         the circumstances warrant, may direct that all or a portion of the
         Grantee's Unvested Shares be vested in the Grantee, subject to such
         further terms and conditions, if any, as the Committee may determine.

               (d) Delivery of Certificates. Upon the vesting of a Stock Grant,
     the Company shall promptly issue certificates representing the vested
     Shares to the Grantee or to his/her beneficiary or estate. Only full shares
     shall be issued, and any fractional shares which might otherwise be
     issuable pursuant to a Stock Grant shall be forfeited.

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               (e) Transferability. Unless otherwise permitted by the Committee,
     no Stock Grant shall be assignable or transferable by a Grantee otherwise
     than by will or by the laws of descent and distribution.

               A transferred Stock Grant shall continue to be subject to the
     same terms and conditions as were applicable to such Stock Grant
     immediately prior to transfer, and the Grantee shall remain subject to tax
     withholding under Section 6(g) with respect to such Stock Grant. The events
     of termination of employment of Section 6 shall also continue to be applied
     with respect to the original Grantee, following which events the
     transferred Stock Grant shall become vested in the transferee only to the
     extent provided in Section 6(c).

               (f) Rights as a Stockholder. A Grantee shall have no rights as a
     stockholder with respect to any Shares covered by a Stock Grant until the
     issuance of a stock certificate to him/her representing such Shares.

               (g) Use of Shares to Satisfy Tax Obligation. When a Grantee is
     required to pay the Company or a Related Corporation an amount required to
     be withheld under applicable Federal, state, or local income tax or similar
     laws in connection with the vesting of a Stock Grant under this Plan, the
     Committee may, in its discretion and subject to such rules as it may adopt,
     permit the Grantee to satisfy the obligation, in whole or in part, by
     electing to have the Company withhold Shares (or by returning to the
     Company previously held Shares), which Shares shall be valued, for this
     purpose, at their Fair Market Value on the date of vesting of the Stock
     Grant (or, if later, the date on which the Grantee recognizes ordinary
     income with respect to such Stock Grant). If Shares acquired by exercise of
     an incentive stock option are used for such purpose, and if the holding
     period requirements of Section 422(a)(1) of the Code have not been met with
     respect to such Shares, the use of such Shares to satisfy the withholding
     obligation will be a disqualifying disposition of such Shares.

               (h) Stock Grant Agreement. Each Grantee shall enter into, and be
     bound by the terms of, a Stock Grant Agreement (the "Stock Grant
     Agreement") which shall include or incorporate by reference the terms of
     the Stock Grant and of the Plan and which shall contain such other terms,
     conditions, and restrictions not inconsistent with the Plan as the
     Committee shall determine.

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         7. Listing and Registration of Shares.

         Each Option and each Stock Grant under the Plan shall be subject to the
requirement that, if at any time the Board shall determine, in its discretion,
that the listing, registration, or qualification of the Shares covered thereby
upon any securities exchange or under the laws of any jurisdiction, or the
consent or approval of any regulatory body, is necessary or desirable as a
condition of, or in connection with, the granting of such Option, the making of
such Stock Grant, or the purchase or vesting of Shares thereunder, then no such
Option may be exercised in whole or in part, and no certificate representing
Shares shall be issued pursuant to such Stock Grant, unless and until such
listing, registration, qualification, consent, or approval shall have been
effected or obtained, on conditions acceptable to the Board. Each Optionee and
Grantee, or his/her legal representative or beneficiaries, also may be required
to give satisfactory assurance that Shares purchased upon exercise of an Option
or received pursuant to a Stock Grant are being acquired for investment and not
with a view to distribution, and certificates representing such Shares may be
legended accordingly.

         8. Adjustment Upon Changes in Capitalization, Mergers, and Other
Events.

         The number of Shares which may be issued under the Plan and the maximum
number of Shares with respect to which Options and/or Stock Grants may be
awarded to any Eligible Employee or Consultant under the Plan, both as stated in
Section 3, and the number of Shares issuable upon exercise of outstanding
Options (as well as the exercise price per Share under such outstanding Options)
or issuable upon vesting of outstanding Stock Grants shall be adjusted, as may
be determined appropriate by the Committee (which determination shall be subject
to ratification by the Board), to reflect any stock dividend, stock split, share
combination, or similar change in the capitalization of the Company.

         In the event the Company is liquidated or a corporate transaction
described in Section 424(a) of the Code and the Treasury Regulations issued
thereunder (including, for example, a merger, consolidation, acquisition of
property or stock, separation, or reorganization) occurs, each outstanding
Option and Stock Grant shall be assumed by the surviving or successor
corporation, if any; provided, however, that the Committee, in its discretion,
may terminate all or a portion of the outstanding Options and/or Stock Grants if
it determines that such termination would be in the best interests of the
Company. If the Committee decides to terminate an outstanding Option by reason
of such liquidation or corporate transaction, the Committee shall give the
holder thereof not less than 21 days' prior notice of any such termination, and
such outstanding Option may be exercised up to, and including, the date
immediately preceding such termination, if the Option has not otherwise expired,
and if it is then exercisable under the Option Agreement. With respect to any
Option which has not yet become exercisable, the Committee also, in its
discretion, may allow an Optionee to exercise such Option, in whole or in part
(if it has not otherwise terminated or expired). If the Committee decides to
terminate an outstanding Stock Grant by reason of such liquidation or corporate
transaction, the Stock Grant shall vest on such termination date to the same
extent as is provided in the first sentence of Section 6(c)(i). The Committee,
in its discretion, may also immediately vest all or a portion of the remaining
unvested Shares under any Stock Grant which is to be so determined.

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         The Committee, in its discretion, may also change the number of Shares
issuable upon exercise of outstanding Options (as well as the exercise price per
Share under such outstanding Options) and Shares covered by outstanding Stock
Grants to reflect any such corporate transaction, provided, in the case of an
incentive stock option, that any such change is made in accordance with Section
424(a) of the Code and is excluded from the definition of "modification" under
Section 424(h) of the Code.

         Notwithstanding any other provisions of the Plan, the Committee, in its
discretion, may accelerate, in whole or in part, the date on which Options
become exercisable and/or the vesting of any Stock Grant in the event that the
Committee determines that a change in control of the Company has occurred or is
likely to occur.

         9. Amendment or Discontinuance of the Plan.

         The Board, from time to time, may suspend or discontinue the Plan or
amend it, and the Committee may amend any outstanding Options and Stock Grants,
in any respect whatsoever; provided, however, that, without the approval of the
holders of at least a majority of the votes cast at a duly held stockholders'
meeting at which a quorum representing a majority of the outstanding shares of
the Company is, either in person or by proxy, present and voting on the action:

               (a) The class of individuals eligible to receive Options or Stock
     Grants shall not be changed;

               (b) The maximum number of Shares with respect to which grants may
     be made under the Plan shall not be increased otherwise than as permitted
     under Section 8;

               (c) The limitations on the price at which Options may be granted
     shall not be changed; and

               (d) The duration of the Plan, as specified in Section 12, shall
     not be extended.

         Notwithstanding the foregoing, no such suspension, discontinuance, or
amendment shall impair the rights of any holder of an outstanding Option or
Stock Grant without the consent of such holder.

                                      -11-
<PAGE>

         10. Absence of Rights.

         The recommendation or selection of an Eligible Employee or Consultant
as a recipient of an Option or a Stock Grant under the Plan shall not entitle
such person to any Option or Stock Grant unless and until the grant actually has
been made by appropriate action of the Committee; and any such grant is subject
to the provisions of the Plan. Further, the granting of an Option or the making
of a Stock Grant to a person shall not entitle that person to continued
employment by the Company or its subsidiaries, and the Company shall have the
absolute right, in its discretion, to retire such person in accordance with its
retirement policies or otherwise to terminate his/her employment, whether or not
such termination may result in a partial or total termination of his/her Option
or of his/her Stock Grant.

         11. Application of Funds.

         The funds received by the Company upon the exercise of Options and
otherwise under the Plan shall be used for general corporate purposes.

         12. Effective Date and Duration.

         The Plan became effective on February 7, 1993. Unless earlier
terminated as provided in the Plan, the Plan shall terminate at 12:00 midnight
on February 6, 2003, and no Options or Stock Grants shall be granted or made
thereafter. However, termination of the Plan shall not affect any Options or
Stock Grants theretofore granted or made, which Options and Stock Grants shall
remain in effect in accordance with their terms and the terms of the Plan.

                                      -12-

<PAGE>

                                    APPENDIX
                                    --------

            Accelerated Vesting Pursuant to Section 6(c) of the Plan
            --------------------------------------------------------

                  Example: If a Stock Grant of 30,000 shares is made to a
Grantee on February 10, 1996, to vest in three annual increments of 10,000
Shares each on February 10, 1997, 1998, and 1999, respectively, and if the
Grantee, while still an employee of the Company, should die on August 10, 1997,
the number of Shares vested would be 22,465, calculated as follows:

                  1. The 10,000 Share increment scheduled to vest on February
         10, 1997, would already have vested in full.

                  2. The 10,000 Share increment scheduled to vest on February
         10, 1998, would vest automatically as to 7,479 Shares (i.e., out of the
         total Vesting Period of 730 days with respect to such Shares, 546 days
         would have elapsed; 546/730 = .747945 x 10,000 Shares = 7,479 Shares).

                  3. The 10,000 Share increment scheduled to vest on February
         10, 1999, would vest automatically as to 4,986 Shares (i.e., out of the
         total Vesting Period of 1,095 days with respect to such Shares 546 days
         would have elapsed; 546/1,095 = .498630 x 10,000 Shares = 4,986
         Shares).

                                      -13-<PAGE>

                                                                EXHIBIT 10(h)(2)

                                 AMENDMENT NO. 1

                                       To

                              EMPLOYMENT AGREEMENT

AMENDMENT NO. 1 dated as of October 1, 1999 to EMPLOYMENT AGREEMENT dated as of
April 8, 1996 (the "Employment Agreement") between HUNT CORPORATION (formerly
named Hunt Manufacturing Co.), a Pennsylvania corporation (the "Company"), and
Donald L. Thompson (the "Executive").

                               WITNESSETH IT THAT:

         WHEREAS, the Board of Directors of the Company has determined that it
is in the best interests of the Company and its shareholders to amend certain
provisions of the current Change in Control Agreements which it has entered into
with Executive and other officers (Executive's Change in Control Agreement
having been incorporated in his Employment Agreement rather than in a separate
Change of Control Agreement); and

         WHEREAS, Executive is in agreement with the amendment of such
provisions.

         THEREFORE, in consideration of the mutual agreements herein contained,
and intending to be legally bound hereby, the Company and the Executive agree as
follows:

         1.   The Employment Agreement is hereby amended in the following
              respects:

              (a)   the date set forth in Section 4.5(a)(i) is changed from
                    December 31, 1999 to December 31, 2004;

              (b)   the date set forth in Section 4.5(b)(ii) is changed from
                    June 1, 1996 to October 1, 1999; and

              (c)   the date set forth in Section 4.5(d)(v)(2) is changed from
                    June 1, 1996 to October 1, 1999.

         2.   Except as expressly amended in Section 1 of this Amendment, the
              Employment Agreement shall remain in full force and effect as
              originally executed.
<PAGE>

         IN WITNESS WHEREOF, the Executive has hereunto set his hand and
pursuant to the authorization from its Board of Directors, the Company has
caused these presents to be executed in its name and on its behalf, and attested
to by its Secretary or Assistant Secretary, all as of the day and year first
above written.

                                   EXECUTIVE

                                     /s/ Donald L. Thompson
                                   --------------------------------------------
                                   Donald L. Thompson

                                   HUNT CORPORATION

                                   By:   /s/ William E. Chandler
                                       ----------------------------

                                         Its   Senior Vice President, Finance
                                         --------------------------------------
                                                  (Principal Financial Officer)
                                         --------------------------------------

ATTEST:

    /s/ Dennis Pizzica
---------------------------------
Secretary or Assistant Secretary

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