Document:

exv10w3

	 	 	 	 	 

Exhibit 10.3

AMENDMENT TO 2003 EMPLOYEE LONG TERM INCENTIVE

AND SHARE AWARD PLAN

     AMENDMENT, dated May 7, 2008, to the Delphi Financial Group, Inc. (the “Company”) 2003
Employee Long Term Incentive and Share Award Plan, as amended to date (the “Plan”).

     By action of the Board of Directors of the Company duly taken on the above-referenced date,
the Plan is hereby amended as follows:

     1. The text of Section 4(c) of the Plan is hereby amended and restated in its entirety to
read as follows:

“Subject to any required action by the Company’s stockholders, the number of Shares covered or
represented by each outstanding Award, and the price per Share of any Option so covered, shall
automatically be proportionately adjusted for any increase or decrease in the number of issued
Shares resulting from a subdivision or consolidation of Shares or the payment of a stock dividend
(including but not limited to a stock split effected in the form of a stock dividend) or any other
increase or decrease in the number of such shares effected without receipt of consideration by the
Company. In addition, in the event that the Committee shall determine that any reorganization,
merger, consolidation, spin-off, combination, repurchase, or share exchange, or other similar
corporate transaction or event not covered by the preceding sentence, affects the Shares or the
value thereof such that an adjustment is appropriate in order to prevent dilution or enlargement of
the rights of Eligible Persons under the Plan, then the Committee shall make such equitable changes
or adjustments as it deems appropriate, including but not limited to the adjustment, in such manner
as it may deem equitable, of any or all of (i) the number and kind of shares which may thereafter
be issued under the Plan, (ii) the number and kind of shares, other securities or other
consideration issued or issuable in respect of outstanding Awards, and (iii) the exercise price,
grant price, or purchase price relating to any Award; provided, however, in each case that,
with respect to ISOs, such adjustment shall be made in accordance with Section 424(a) of the Code,
unless the Committee determines otherwise. In addition, subject to the limitations set forth in
Section 3(d) and Section 7 hereof, the Committee is authorized to make adjustments in the terms and
conditions of, and the criteria and performance objectives, if any, included in, Awards in
recognition of unusual or non-recurring events (including, without limitation, events described in
the preceding sentence) affecting the Company or any Subsidiary or Affiliate or the financial
statements of the Company or any Subsidiary or Affiliate, or in response to changes in applicable
laws, regulations, or accounting principles.”

     2. The text of Section 5(b)(iv) of the Plan is hereby amended and restated in its entirety to
read as follows:

“Death or Disability. Unless otherwise specified in an Award Agreement, in the event a
Participant shall die or become disabled while in the employ of the Company, a Subsidiary or an
Affiliate, all of such Participant’s outstanding Options shall become

 

 

exercisable, and all of such
outstanding Options may be exercised at any time within one (1) year after the Participant’s death
or disability or such longer period as may be established by the Committee at the time of grant or
thereafter, but in no event may an Option be exercised after its Expiration Date. During such
one-year period, the Option may be exercised by the Participant or a representative, or in the case
of death, by the executors or administrators of the Participant or by any person or persons who
shall have acquired the Option directly from the Participant by bequest or inheritance. Whether a
Participant shall have become disabled for the purposes of the Plan shall be determined by the
Committee, which determination shall be final and conclusive.”

     IN WITNESS WHEREOF, the undersigned has caused this Amendment to be executed on the Company’s
behalf.

	 	 	 	 	 
	 	DELPHI FINANCIAL GROUP, INC.

 	 
	 	By:  	/s/
Chad W. Coulter 	 
	 	 	Chad W. Coulter 	 
	 	 	Secretaryexv10w4

Exhibit 10.4

AMENDMENT TO

SECOND AMENDED AND RESTATED EMPLOYEE STOCK OPTION PLAN

     AMENDMENT, dated May 7, 2008, to the Delphi Financial Group, Inc. (the “Company”) Second
Amended and Restated Employee Stock Option Plan, as amended to date (the “Plan”).

     By action of the Board of Directors of the Company duly taken on the above-referenced date,
the text of Section 5(f) of the Plan is hereby amended and restated in its entirety to read as
follows:

          “Death or Disability of Optionee. Unless otherwise specified in an Option Notice, in
the event an Optionee shall die or become disabled while in the employ of the Company or a
Subsidiary, all of such Participant’s outstanding Options shall become exercisable, and such
Options may be exercised at any time within one (1) year after the Optionee’s death or disability
or such longer period as may be established by the Committee at the time of grant or thereafter,
but in no event may an Option be exercised after its Expiration Date. During such one-year period,
the Option may be exercised by the Optionee or a representative, or in the case of death, by the
executors or administrators of the Optionee or by any person or persons who shall have acquired the
Option directly from the Optionee by bequest or inheritance. Whether an Optionee shall have become
disabled for the purposes of the Plan shall be determined by the Committee, which determination
shall be final and conclusive.”

     IN WITNESS WHEREOF, the undersigned has caused this Amendment to be executed on the Company’s
behalf.

	 	 	 	 	 
	 	DELPHI FINANCIAL GROUP, INC.

 	 
	 	By:  	/s/
Chad W. Coulter 	 
	 	 	Chad W. Coulter 	 
	 	 	Secretaryexv10w5

Exhibit 10.5

AMENDMENT TO EMPLOYEE STOCK PURCHASE PLAN

     AMENDMENT, dated May 7, 2008, to the Delphi Financial Group, Inc. (the “Company”) Employee
Stock Purchase Plan, as amended to date (the “Plan”).

     By action of the Board of Directors of the Company duly taken on the above-referenced date,
the Plan is hereby amended as follows:

     1. The text of Section 15 of the Plan is hereby amended and restated in its entirety to read
as follows:

     “15. Effect of Certain Changes. Subject to any required action by the shareholders of
the Company, the number of shares of Common Stock which have been authorized for issuance under the
Plan (the “Reserve”), as well as the price per share of Common Stock covered by each option under
the Plan which has not yet been exercised, shall automatically be proportionately adjusted for any
change in or increase or decrease in the number of issued shares of Common Stock resulting from a
stock split, reverse stock split, stock dividend, combination or reclassification of the Common
Stock or similar capital adjustment or any other increase or decrease in the number of shares of
Common Stock effected without receipt of consideration by the Company; provided, however, that
conversion of any convertible securities of the Company shall not be deemed to have been “effected
without receipt of consideration.” Except as expressly provided herein, no issue by the Company of
shares of stock of any class, or securities convertible into shares of stock of any class, shall
affect, and no adjustment by reason thereof shall be made with respect to, the number or price of
shares of Common Stock subject to an option.”

     IN WITNESS WHEREOF, the undersigned has caused this Amendment to be executed on the Company’s
behalf.

	 	 	 	 	 
	 	DELPHI FINANCIAL GROUP, INC.

 	 
	 	By:  	/s/
Chad W. Coulter 	 
	 	 	Chad W. Coulter 	 
	 	 	Secretaryexhibit 10.1

 

 

EXHIBIT 10.1

 

ASSOCIATED ESTATES
REALTY CORPORATION

AMENDED 2008
EQUITY-BASED AWARD PLAN

1.            
 Purpose;
Definitions

The purpose of the Associated
Estates Realty Corporation 2008 Equity-Based Award Plan (the “Plan”) is to
enable Associated Estates Realty Corporation and its Subsidiaries to attract,
retain and reward employees and directors of the Company, its Subsidiaries and
Affiliates designated by the Company’s Board of Directors or the Executive
Compensation Committee of the Board of Directors and to strengthen the
mutuality of interests between those employees and directors and the Company’s
shareholders by offering the employees and directors equity or equity-based
incentives thereby increasing their ownership interest in the Company and
enhancing their personal interest in the Company’s success.   

For purposes of the Plan, the
following terms are defined as follows:

(a)           “409A
Award” means an Award that provides for a deferral of compensation from the
date of grant, as determined under Code Section 409A and the regulations
promulgated thereunder.

(b)           ”409A
Change in Control” has the meaning set forth in Section 11(C).

(c)           “Affiliate”
means any entity (other than the Company and any Subsidiary) that is designated
by the Board of Directors as a participating employer under the Plan.

(d)           “Award”
means any award of Stock Options, Share Appreciation Rights, Restricted Shares,
Deferred Shares or Other Share-Based Awards under the Plan.

(e)           “Award
Agreement” means an agreement between the Company and a participant evidencing
an Award.

(f)            “Board”
means the Board of Directors of the Company.

(g)           “Cause”
means, unless otherwise provided by the Committee, (i) “Cause” as defined in
any Individual Agreement to which the participant is a party, or (ii) if there
is no such Individual Agreement or if it does not define Cause: (A) conviction
of the participant for committing a felony under federal law or in the law of
the state in which such action occurred, (B) dishonesty in the course of
fulfilling the participant’s employment duties, (C) willful and deliberate
failure on the part of the participant to perform the participant’s employment
duties in any material respect, or (D) prior to a Change in Control, such other
events as shall be determined by the Committee.  The Committee shall, unless
otherwise provided in an Individual Agreement with the participant, have the
sole discretion to determine whether “Cause” exists, and its determination
shall be final.

(h)           “Change
in Control” has the meaning set forth in Section 11(B).

(i)            “Change
in Control Price” has the meaning set forth in Section 11(E).

(j)            “Code”
means the Internal Revenue Code of 1986, as amended from time to time, and any
successor thereto.

	
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(k)           “Committee”
means the Executive Compensation Committee of the Board of the Company or any
other committee or subcommittee authorized by the Board to administer the Plan.

(l)            “Company”
means Associated Estates Realty Corporation, an Ohio corporation, or any
successor corporation.

(m)          “Deferral
Period” has the meaning set forth in Section 8(A).

(n)           “Deferred
Shares” means an Award of the right to receive Shares at the end of a
specified deferral period granted pursuant to Section 8.

(o)           “Disability”
means a permanent and total disability as defined in Section 22(e)(3) of the Code.

(p)           “Dividend
Equivalent” means a right, granted to a participant under Section 9 hereof,
to receive cash, Shares, other Awards or other property equal in value to
dividends paid with respect to a specified number of Shares, or other periodic
payments.

(q)           “Elective
Deferral Period” has the meaning set forth in Section 8(B)(9).

(r)            “Exchange
Act” means the Securities Exchange Act of 1934, as amended.

(s)           “Fair
Market Value” means, as of a given date (in order of applicability): (i)
the closing price of a Common Share on the principal exchange on which the
Common Shares are then trading, if any, on the day immediately prior to such
date, or if Common Shares were not traded on the day previous to such date,
then on the next preceding trading day during which a sale occurred; or (ii) if
Common Shares are not then traded on an exchange, the mean between the closing
representative bid and asked prices for Common Shares on such date as reported
by a national quotation system; or (iii) if Common Shares are not traded on an
exchange and not quoted on a national quotation system, the mean between the
closing bid and asked prices for Common Shares, on such date, as determined in
good faith by the Committee; or (iv) if Common Shares are not publicly traded,
the fair market value established by the Committee acting in good faith and in
accordance with the applicable requirements of Code Section 409A and the
regulations promulgated thereunder.

(t)            “Incentive
Stock Option” means any Stock Option intended to be and designated as, and
that otherwise qualifies as, an “Incentive Stock Option” within the meaning of
Section 422 of the Code or any successor section thereto.

(u)           “Individual
Agreement” means an employment or similar agreement between a participant
and the Company or one of its Subsidiaries or Affiliates.

(v)           “Minimum
Deferral Period” has the meaning set forth in Section 8(B)(1).

(w)          “Minimum
Holding Period” has the meaning set forth in Section 9(B)(1).

(x)            “Minimum
Restriction Period” has the meaning set forth in Section 7(B)(5).

(y)           “Non-Employee
Director” has the meaning set forth under Rule 16b-3 under the Exchange
Act.

(z)            “Non-Qualified
Stock Option” means any Stock Option that is not an Incentive Stock Option.

	
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(aa)         “Option
Agreement” has the meaning set forth in Section 5(B).

(bb)         “Other
Share-Based Awards” means an Award granted pursuant to Section 9 that is
valued, in whole or in part, by reference to, or is otherwise based on, Shares.

(cc)         “Outside
Director” has the meaning set forth in Section 162(m) of the Code and the
regulations promulgated thereunder.

(dd)            
“Plan” means the Associated Estates Realty Corporation 2008
Equity-Based Award Plan, as amended from time to time.

(ee)         “Potential
Change in Control” has the meaning set forth in Section 11(D).

(ff)           “Restricted
Shares” means an Award of Shares that is granted pursuant to Section 7 and
is subject to restrictions.

(gg)         “Restriction
Period” has the meaning set forth in Section 7(B)(5).

(hh)         “Section
16 Participant” means a participant under the Plan who is subject to
Section 16 of the Exchange Act.

(ii)           “Separation
from Service” has the meaning set forth in Section 10(B)(1)(C).

(jj)           “Share
Appreciation Right” means an Award of a right to receive an amount from the
Company that is granted pursuant to Section 6.

(kk)         “Shares”
means the Common Shares, without par value, of the Company.

(ll)           “Specified
Employee” has the meaning set forth in Section 10(B)(1)(D).

(mm)       “Stock
Option” or “Option” means any option to purchase Shares (including
Restricted Shares and Deferred Shares, if the Committee so determines) that is
granted pursuant to Section 5.

(nn)         “Subsidiary”
means any corporation (other than the Company) in an unbroken chain of
corporations beginning with the Company if each of the corporations (other than
the last corporation in the unbroken chain) owns stock possessing 50% or more
of the total combined voting power of all classes of stock in one of the other
corporations in that chain.

2.             Administration

The Plan
shall be administered by the Committee.  The Committee shall consist of not
less than three directors of the Company.  It is intended that all members of
the Committee shall be independent directors, Outside Directors and
Non-Employee Directors; provided, however, that the formation and establishment
of the Committee and all actions taken by the Committee (or by any subcommittee
or any Committee member) shall be valid and effective even if it is determined
that one or more members of the Committee or any subcommittee does not or may
not qualify as an independent director, Outside Director or a Non-Employee
Director.  Those directors shall be appointed by the Board and shall serve as
the Committee at the pleasure of the Board.  The functions of the Committee
specified in the Plan shall be exercised by the Board if and to the extent that
no Committee exists that has the authority to so administer the Plan.

	
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The
Committee shall have full power to interpret and administer the Plan and full
authority to select the individuals to whom Awards will be granted (other than
Awards to directors of the Company who are not executive officers, which must
be approved by the Board) and to determine the type and amount of any Award to
be granted to each participant (other than to a director who is not an
executive officer, which must be approved by the Board), the consideration, if
any, to be paid for any Award, the timing of each Award, the terms and
conditions of any Award granted under the Plan, and the terms and conditions of
the related agreements that will be entered into with participants.  As to the
selection of and grant of Awards to participants who are not executive officers
of the Company or any Subsidiary or Affiliate, or Section 16 Participants, the
Committee may delegate its responsibilities to members of the Company’s
management in any manner consistent with applicable law.

The
Committee shall have the authority to adopt, alter and repeal such rules,
guidelines and practices governing the Plan as it shall, from time to time,
deem advisable; to interpret the terms and provisions of the Plan and any Award
issued under the Plan (and any agreement relating thereto); to direct employees
of the Company or other advisors to prepare such materials or perform such
analyses as the Committee deems necessary or appropriate; and otherwise to
supervise the administration of the Plan.

Any
interpretation or administration of the Plan by the Committee, and all actions
and determinations of the Committee, shall be final, binding and conclusive on
the Company, its shareholders, Subsidiaries, Affiliates, all participants in
the Plan, their respective legal representatives, successors and assigns, and
all persons claiming under or through any of them.  No member of the Board or
of the Committee or any delegate shall incur any liability for any action taken
or omitted, or any determination made, in good faith in connection with the
Plan.   

3.             Shares
Subject to the Plan

A.    Aggregate Shares Subject to the Plan.  Subject to
adjustment as provided in Section 3(C), the total number of Shares reserved and
available for Awards under the Plan is 750,000.  Any Shares issued hereunder
may consist, in whole or in part, of authorized and unissued shares or treasury
shares.

B.    Forfeiture or Termination of Awards of Shares.  If any
Shares subject to any Award granted hereunder are forfeited or an Award
otherwise terminates or expires without the issuance of Shares, the Shares
subject to that Award shall again be available for distribution in connection
with future Awards under the Plan as set forth in Section 3(A), unless the
participant who had been awarded those forfeited Shares or the expired or
terminated Award has theretofore received dividends or other benefits of
ownership with respect to those Shares.  For purposes hereof, a participant
shall not be deemed to have received a benefit of ownership with respect to
those Shares by the exercise of voting rights, or by the accumulation of
dividends that are not realized because of the forfeiture of those Shares or
the expiration or termination of the related Award without issuance of those
Shares.

C.    Adjustment.  In the event of any merger, reorganization,
consolidation, recapitalization, share dividend, share split, combination of
shares or other change in corporate structure of the Company affecting the
Shares, such substitution or adjustment shall be made in the aggregate number
of Shares reserved for issuance under the Plan, in the number and option price
of Shares subject to outstanding options granted under the Plan, in the annual
award limit, in the number of Share Appreciation Rights granted under the Plan,
in the number of Shares underlying any Dividend Equivalent Rights granted under
the Plan will be based on,  and in the number of Shares subject to Restricted
Share Awards, Deferred Share Awards and any other outstanding Awards granted
under the Plan, but the number of Shares subject to any Award shall always be a
whole number.  The Committee, in its sole discretion, shall determine the kind
of securities or other property substituted and the amount of any substitution
or adjustment made, and the Committee’s determination shall be final, binding
and conclusive.  Any fractional Shares otherwise issuable in connection with
such substitution or adjustment shall be eliminated.  Notwithstanding the foregoing,
no substitution or adjustment shall be made which will result in an Award
becoming subject to the terms and conditions of Code Section 409A, unless
agreed upon by the Committee and the participant.

	
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D.    Annual Award Limit.  No participant may be granted Stock
Options or other Awards under the Plan with respect to an aggregate of
more than 125,000 Shares (subject to adjustment as provided in Section 3(C)
hereof) during any calendar year; provided, however, that in connection with
the commencement of employment, a participant may be granted Stock Options and
Share Appreciation Rights with respect to an aggregate of 100,000 Shares, which
will not count against such annual limit.

4.             Eligibility

Grants may be made from time to time to those officers, employees and
directors of the Company, a Subsidiary or an Affiliate who are designated by
the Committee in its sole and exclusive discretion.  Eligible persons may
include, but shall not necessarily be limited to, officers and directors of the
Company and any Subsidiary or Affiliate; however, Stock Options intended to
qualify as Incentive Stock Options shall be granted only to eligible persons
while actually employed by the Company, a Subsidiary or an Affiliate.  The
Committee may grant more than one Award to the same eligible person.  No Award
shall be granted to any eligible person during any period of time when such
eligible person is on a leave of absence.  Awards to be granted to directors,
which may include members of the Committee, must be approved and granted by the
Board.

5.             Stock
Options

A.    Grant.  Stock Options may be granted alone, in addition to
or in tandem with other Awards granted under the Plan or cash awards made
outside the Plan.  The Committee shall determine the individuals to whom, and
the time or times at which, grants of Stock Options will be made, the number of
Shares purchasable under each Stock Option, and the other terms and conditions
of the Stock Options in addition to those set forth in Sections 5(B) and 5(C). 

Stock Options granted under the Plan may be of two types which shall be
indicated on their face: (i) Incentive Stock Options and (ii) Non-Qualified
Stock Options.  Subject to Section 5(C), the Committee shall have the authority
to grant to any participant Incentive Stock Options, Non-Qualified Stock
Options or both types of Stock Options.

B.    Terms and Conditions.  A Stock Option granted under the
Plan shall be evidenced by an agreement (an “Option Agreement”), shall be
subject to the following terms and conditions and shall contain such additional
terms and conditions, not inconsistent with the terms of the Plan, as the
Committee shall deem desirable:

(1)        Option Price.  The
option price per share of Shares purchasable under a Non-Qualified Stock Option
or an Incentive Stock Option shall be determined by the Committee at the time
of grant and shall be not less than 100% of the Fair Market Value of the Shares
at the date of grant (or, with respect to an Incentive Stock Option, 110% of
the Fair Market Value of the Shares at the date of grant in the case of a
participant who at the date of grant owns Shares possessing more than 10% of
the total combined voting power of all classes of stock of the Company or its
parent or Subsidiary corporations (as determined under Sections 424(d), (e) and
(f) of the Code)).

(2)        Option Term.  The term
of each Stock Option shall be determined by the Committee and may not exceed
ten years from the date the Option is granted (or, with respect to an Incentive
Stock Option, five years in the case of a participant who at the date of grant
owns Shares possessing more than 10% of the total combined voting power of all
classes of stock of the Company or its parent or Subsidiary corporations (as
determined under Sections 424(d), (e) and (f) of the Code)).

	
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(3)        Exercise.  Stock Options
shall be exercisable at such time or times and shall be subject to such terms
and conditions as shall be determined by the Committee at or after grant and
permitted by Code Section 409A or agreed upon in writing by the Committee and
the participant; but, except as provided in Section 5(B)(6) and Section 12,
unless otherwise determined by the Committee at or after grant, no Stock Option
shall be exercisable prior to six months and one day following the date of
grant.  If any Stock Option is exercisable only in installments or only after
specified exercise dates, the Committee may waive, in whole or in part, such
installment exercise provisions, and may accelerate any exercise date or dates,
at any time at or after grant, based on such factors as the Committee shall
determine in its sole discretion; provided, however, the Committee may not
waive, without the participant’s consent, such installment exercise provisions
or accelerate any exercise dates with respect to a 409A Award if doing so would
result in any adverse tax consequences for the optionee under Code Section 409A
and the regulations promulgated thereunder.

(4)        Method of Exercise. 
Subject to any installment exercise provisions that apply with respect to any
Stock Option, Code Section 409A and the regulations promulgated thereunder, and
Section 5(B)(3), a Stock Option may be exercised in whole or in part, at any
time during the Option period, by the holder thereof giving to the Company
written notice of exercise specifying the number of Shares to be purchased.

That notice shall be
accompanied by payment in full of the Option price of the Shares for which the
Stock Option is exercised, and the Committee shall determine the acceptable
form of consideration for exercising a Stock Option, including the method of
payment, either through the terms of the Option Agreement or at the time of
exercise of a Stock Option.  Acceptable forms of consideration may include
 

(A)             cash;
 

(B)              check
or wire transfer (denominated in U.S. Dollars);  

(C)              subject to any conditions
or limitations established by the Committee, other Shares which (A) in the case
of Shares acquired from the Company (whether upon the exercise of a Stock
Option or otherwise), have been owned by the participant for more than six months
on the date of surrender (unless this condition is waived by the Committee),
and (B) have a Fair Market Value on the date of surrender equal to or greater
than the aggregate exercise price of the Shares as to which said Stock Option
is being exercised (it being agreed that the excess of the Fair Market Value
over the aggregate exercise price shall be refunded to the participant in
cash);  

(D)              subject to any conditions
or limitations established by the Committee, the Company withholding shares
otherwise issuable upon exercise of a Stock Option;  

(E)              consideration received by
the Company under a broker-assisted sale and remittance program acceptable to
the Committee;  

(F)              such other consideration
and method of payment for the issuance of Shares to the extent permitted by
applicable law; or  

(G)              any
combination of the foregoing methods of payment.

	
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No Shares shall be issued
on an exercise of an Option until full payment has been made.  Except in
connection with the tandem award of Dividend Equivalent Rights, a participant
shall not have rights to dividends or any other rights of a shareholder with
respect to any Shares subject to an Option unless and until the participant has
given written notice of exercise, has paid in full for those Shares, has given,
if requested, the representation described in Section 14(A), and those Shares
have been issued to the participant.

(5)        Non-Transferability of
Options.  No Stock Option shall be transferable by any participant other
than by will or by the laws of descent and distribution or pursuant to a
qualified domestic relations order (as defined in the Code or the Employment
Retirement Income Security Act of 1974, as amended) except that, if so provided
in the Option Agreement, the participant may transfer the Option, other than an
Incentive Stock Option, during the participant’s lifetime to one or more
members of the participant’s family, to one or more trusts for the benefit of
one or more of the participant’s family, or to a partnership or partnerships of
members of the participant’s family, or to a charitable organization as defined
in Section 501(c)(3) of the Code, provided that the transfer would not result
in the loss of any exemption under Rule 16b-3 of the Exchange Act with respect
to any Option.  The transferee of an Option will be subject to all
restrictions, terms and conditions applicable to the Option prior to its
transfer, except that the Option will not be further transferable by the
transferee other than by will or by the laws of descent and distribution.

(6)       
 Termination
of Employment

(A)          Termination
by Death.  Subject to Sections 5(B)(3) and 5(C), if any participant’s
employment with the Company or any Subsidiary or Affiliate terminates by reason
of death, any Stock Option held by that participant shall become immediately
and automatically vested and exercisable.  If termination of a participant’s
employment is due to death, then any Stock Option held by that participant may
thereafter be exercised for a period of two years (or with respect to an
Incentive Stock Option, for a period of one year) (or such other period as the
Committee may specify at or after grant) from the date of death. 
Notwithstanding the foregoing, in no event will any Stock Option be exercisable
after the expiration of the option period of such Option.  The balance of the
Stock Option shall be forfeited if not exercised within two years (or one year
with respect to Incentive Stock Options).

(B)           Termination
by Reason of Disability.  Subject to Sections 5(B)(3) and 5(C), if a
participant’s employment with the Company or any Subsidiary or Affiliate
terminates by reason of Disability, any Stock Option held by that participant
shall become immediately and automatically vested and exercisable.  If
termination of a participant’s employment is due to Disability, then any Stock
Option held by that participant may thereafter be exercised by the participant
or by the participant’s duly authorized legal representative if the participant
is unable to exercise the Option as a result of the participant’s Disability,
for a period of two years (or with respect to an Incentive Stock Option, for a
period of one year) (or such other period as the Committee may specify at or
after grant) from the date of such termination of employment; and if the
participant dies within that two year period (or such other period as the
Committee may specify at or after grant), any unexercised Stock Option held by
that participant shall thereafter be exercisable by the estate of the
participant (acting through its fiduciary) for the duration of the two-year
period from the date of that termination of employment.  Notwithstanding the
foregoing, in no event will any Stock Option be exercisable after the
expiration of the option period of such Option.  The balance of the Stock Option
shall be forfeited if not exercised within two years (or one year with respect
to Incentive Stock Options).

	
  A-7

  

(C)           Termination
for Cause.  Unless otherwise determined by the Committee at or after the
time of granting any Stock Option, if a participant’s employment with the
Company or any Subsidiary or Affiliate terminates for Cause, any unvested Stock
Options will be forfeited and terminated immediately upon termination and any
vested Stock Options held by that participant shall terminate 30 days after the
date employment terminates.  Notwithstanding the foregoing, in no event will
any Stock Option be exercisable after the expiration of the option period of
such Option.  The balance of the Stock Option shall be forfeited if not
exercised within 30 days.

(D)          Other
Termination.  Unless otherwise determined by the Committee at or after the
time of granting any Stock Option, if a participant’s employment with the
Company or any Subsidiary or Affiliate terminates for any reason other than
death, Disability, or for Cause all Stock Options held by that participant
shall terminate 90 days after the date employment terminates.  Notwithstanding
the foregoing, in no event will any Stock Option be exercisable after the
expiration of the option period of such Option.  The balance of the Stock
Option shall be forfeited if not exercised within 90 days.

(E)           Leave
of Absence.  In the event a participant is granted a leave of absence by
the Company or any Subsidiary or Affiliate to enter military service or because
of sickness, the participant’s employment with the Company or such Subsidiary
or Affiliate will not be considered terminated, and the participant shall be
deemed an employee of the Company or such Subsidiary or Affiliate during such
leave of absence or any extension thereof granted by the Company or such
Subsidiary or Affiliate.  Notwithstanding the foregoing, in the case of an
Incentive Stock Option, a leave of absence of more than 90 days will be viewed
as a termination of employment unless continued employment is guaranteed by
contract or statute.

C.         Incentive
Stock Options.  Notwithstanding Sections 5(B)(5) and (6), an Incentive
Stock Option shall be exercisable by (i) a participant’s authorized legal
representative (if the participant is unable to exercise the Incentive Stock
Option as a result of the participant’s Disability) only if, and to the extent,
permitted by Section 422 of the Code and (ii) by the participant’s estate, in
the case of death, or authorized legal representative, in the case of
Disability, no later than 10 years from the date the Incentive Stock Option was
granted (in addition to any other restrictions or limitations that may apply). 
Anything in the Plan to the contrary notwithstanding, no term or provision of
the Plan relating to Incentive Stock Options shall be interpreted, amended or
altered, nor shall any discretion or authority granted under the Plan be
exercised, so as to disqualify the Plan under Section 422 of the Code, or,
without the consent of the participants affected, to disqualify any Incentive
Stock Option under that Section 422 or any successor Section thereto.

D.    Buyout Provisions.  The
Committee may at any time buy out for a payment in cash, Shares, Deferred
Shares or Restricted Shares, an Option previously granted, based on such terms
and conditions as the Committee shall establish and agree upon with the
participant, but (i) no such transaction involving a
Section 16 Participant shall be structured or effected in a manner that
would result in any liability on the part of the participant under
Section 16(b) of the Exchange Act or the rules and regulations promulgated
thereunder, and (ii) no such transaction may buy out or cancel outstanding
Options or Share Appreciation Rights in exchange for cash, Options, Share
Appreciation Rights or other Awards with an exercise price that is less than
the exercise price of the original Options or Share Appreciation Rights without
shareholder approval. Further, any such buy out shall comply with the
requirements of Code Section 409A and the regulations promulgated
thereunder, unless otherwise agreed upon in writing by the Committee and the
participant.  

	
  A-8

  

6.             Share
Appreciation Rights

A.        Grant.  Share
Appreciation Rights may be granted in connection with all or any part of an
Option, either concurrently with the grant of the Option or, if the Option is a
Non-Qualified Stock Option, by an amendment to the Option at any time
thereafter during the term of the Option.  Share Appreciation Rights may be
exercised in whole or in part at such times and under such conditions as may be
specified by the Committee in the participant’s Option Agreement; provided,
that no Share Appreciation Right granted in connection with all or any part of
an Option shall be exercisable for less than the Fair Market Value of the
underlying Common Shares as of the date of the original grant of the Option
unless such Share Appreciation Right or Option is a 409A Award, as provided for
in the applicable Award Agreement.

B.         Terms and
Conditions.  The following terms and conditions will apply to all Share
Appreciation Rights that are granted in connection with Options:

(1)               Rights. 
Share Appreciation Rights shall entitle the participant, upon exercise of all
or any part of the Share Appreciation Rights, to surrender to the Company, unexercised,
that portion of the underlying Option relating to the same number of Shares as
is covered by the Share Appreciation Rights (or the portion of the Share
Appreciation Rights so exercised) and to receive in exchange from the Company
an amount equal to the excess of (x) the Fair Market Value, on the date of
exercise, of the Shares covered by the surrendered portion of the underlying
Option over (y) the exercise price of the Shares covered by the surrendered
portion of the underlying Option.  The Committee may limit the amount that the
participant will be entitled to receive upon exercise of the Share Appreciation
Right as provided for in the applicable Award Agreement.

(2)               Surrender
of Option.  Upon the exercise of the Share Appreciation Right and surrender
of the related portion of the underlying Option, the Option, to the extent
surrendered, will not thereafter be exercisable.  The underlying Option may
provide that such Share Appreciation Rights will be payable solely in cash. 
The terms of the underlying Option shall provide a specific method by which an
alternative fair market value of the Shares on the date of exercise shall be
calculated, which shall be based on one of the following:  (x) Fair Market
Value of the Shares at the close of business on the business day immediately
preceding the day of exercise; (y) the highest closing price of the Shares on
the national exchange on which they have been traded during the 30 days
immediately preceding the Change in Control; or (z) the greater of (x) and (y).

(3)               Exercise. 
In addition to any further conditions upon exercise that may be imposed by
the Committee, the Share Appreciation Rights shall be exercisable only to the
extent that the related Option is exercisable, except that in no event will a
Share Appreciation Right held by a Section 16 Participant be exercisable within
the first six months after it is awarded even though the related Option is or
becomes exercisable, and each Share Appreciation Right will expire no later
than the date on which the related Option expires.  A Share Appreciation Right
may be exercised only at a time when the Fair Market Value of the Shares
covered by the Share Appreciation Right exceeds the exercise price of the
Shares covered by the underlying Option.

(4)               Method
of Exercise.  Share Appreciation Rights may be exercised by the participant
giving written notice of the exercise to the Company, stating the number of
Share Appreciation Rights the participant has elected to exercise and
surrendering the portion of the underlying Option relating to the same number
of Shares as the number of Share Appreciation Rights elected to be exercised.

	
  A-9

  

(5)               Payment. 
The manner in which the Company’s obligation arising upon the exercise of the
Share Appreciation Right will be paid will be determined by the Committee and
shall be set forth in the participant’s Option Agreement.  The Committee may
provide for payment in Shares or cash, or a fixed combination of Shares or
cash, or the Committee may reserve the right to determine the manner of payment
at the time the Share Appreciation Right is exercised.  Shares issued upon the
exercise of a Share Appreciation Right will be valued at their Fair Market
Value on the date of exercise.

7.             Restricted
Shares

A.        Grant.  Restricted
Shares may be issued alone, in addition to or in tandem with other Awards under
the Plan or cash awards made outside the Plan.  The Committee shall determine
the individuals to whom, and the time or times at which, grants of Restricted
Shares will be made, the number of Restricted Shares to be awarded to each
participant, the price (if any) to be paid by the participant (subject to
Section 7(B)), the date or dates upon which Restricted Share Awards will vest,
the period or periods within which those Restricted Share Awards may be subject
to forfeiture, and the other terms and conditions of those Awards in addition
to those set forth in Section 7(B).

The Committee may
condition the grant of Restricted Shares upon the attainment of specified
performance goals or such other factors as the Committee may determine in its
sole discretion.

B.         Terms and
Conditions.  Restricted Shares awarded under the Plan shall be subject to
the following terms and conditions and such additional terms and conditions,
not inconsistent with the provisions of the Plan, as the Committee shall deem
desirable.  A participant who receives a Restricted Share Award shall not have
any rights with respect to that Award, unless and until the participant has
executed an agreement evidencing the Award in the form approved from time to
time by the Committee, has delivered a fully executed copy thereof to the
Company, and has otherwise complied with the applicable terms and conditions of
that Award.

(1)               The
purchase price (if any) for Restricted Shares shall be determined by the
Committee at the time of grant.

(2)               Awards
of Restricted Shares must be accepted by executing a Restricted Share Award
agreement and paying the price (if any) that is required under Section 7(B)(1).

(3)               Each
participant receiving a Restricted Share Award shall be issued a stock
certificate in respect of those Restricted Shares.  The certificate shall be
registered in the name of the participant and shall bear an appropriate legend
referring to the terms, conditions and restrictions applicable to the Award.

(4)               The
Committee shall require that the stock certificates evidencing the Restricted
Shares be held in custody by the Company until the restrictions thereon shall
have lapsed, and that, as a condition of any Restricted Shares Award, the
participant shall have delivered to the Company a stock power, endorsed in
blank, relating to the Shares covered by that Award.

(5)               Subject
to the provisions of this Plan and the Restricted Share Award agreement, during
a period set by the Committee commencing with the date of any Award (the
“Restriction Period”), the participant shall not be permitted to sell,
transfer, pledge, assign or otherwise encumber the Restricted Shares covered by
that Award.  The Restriction Period shall not be less than six months and one
day in duration (“Minimum Restriction Period”) unless otherwise determined by
the Committee at the time of grant.  Subject to these limitations and the
Minimum Restriction Period requirement, the Committee, in its sole discretion,
may provide for the lapse of restrictions in installments and may accelerate or
waive restrictions, in whole or in part, based on service, performance or such
other factors and criteria as the Committee may determine in its sole
discretion.

	
  A-10

  

(6)               Except
as provided in this Section 7(B)(6) and Sections 7(B)(5) and 7(B)(7), the
participant shall have, with respect to the Restricted Shares awarded, all of
the rights of a shareholder of the Company, including the right to vote the
Shares and the right to receive any dividends.  The Committee, in its sole
discretion, as determined at the time of Award, may permit or require the
payment of cash dividends to be deferred and subject to forfeiture and, if the
Committee so determines, reinvested, subject to Section 14(f), in additional
Restricted Shares to the extent Shares are available under Section 3, or
otherwise reinvested.  Unless the Committee or Board determines otherwise,
Share dividends issued with respect to Restricted Shares shall be treated as
additional Restricted Shares that are subject to the same restrictions and
other terms and conditions that apply to the Shares with respect to which such
dividends are issued.

(7)               No
Restricted Shares shall be transferable by a participant other than by will or
by the laws of descent and distribution or pursuant to a qualified domestic
relations order (as defined in the Code or the Employee Retirement Income
Security Act of 1974, as amended) except that, if so provided in the Restricted
Shares Agreement, the participant may transfer the Restricted Shares, during
the participant’s lifetime to one or more members of the participant’s family,
to one or more trusts for the benefit of one or more of the participant’s
family, to a partnership or partnerships of members of the participant’s
family, or to a charitable organization as defined in Section 501(c)(3) of the
Code, provided that the transfer would not result in the loss of any exemption
under Rule 16b-3 of the Exchange Act with respect to any Restricted Shares. 
The transferee of Restricted Shares will be subject to all restrictions, terms
and conditions applicable to the Restricted Shares prior to its transfer,
except that the Restricted Shares will not be further transferable by the
transferee other than by will or by the laws of descent and distribution.

(8)               Unless
otherwise determined by the Committee at or after the time of granting any
Restricted Shares, if a participant’s employment with the Company or any
Subsidiary or Affiliate terminates by reason of death, any Restricted Shares
held by that participant shall thereafter vest and any restriction shall lapse.

(9)               Unless
otherwise determined by the Committee at or after the time of granting any
Restricted Shares, if a participant’s employment with the Company or any
Subsidiary or Affiliate terminates by reason of Disability, any Restricted
Shares held by that participant shall thereafter vest and any restriction shall
lapse.

(10)             Unless
otherwise determined by the Committee at or after the time of granting any
Restricted Shares, if a participant’s employment with the Company or any
Subsidiary or Affiliate terminates for any reason other than death or
Disability, the Restricted Shares held by that participant that are unvested or
subject to restriction at the time of termination shall thereupon be forfeited.

	
  A-11

  

C.         Minimum
Value.  In order to better ensure that Award payments actually reflect the
performance of the Company and service of the participant, the Committee may
provide, in its sole discretion, for a tandem performance-based or other award
designed to guarantee a minimum value, payable in cash or Shares, to the
recipient of a Restricted Share Award, subject to such performance, future
service, deferral and other terms and conditions as may be specified by the
Committee.

8.             Deferred
Shares

A.        Grant. 
Deferred Shares may be awarded alone, in addition to or in tandem with other
Awards granted under the Plan or cash awards made outside the Plan.  The
Committee shall determine the individuals to whom, and the time or times at
which, Deferred Shares shall be awarded, the number of Deferred Shares to be
awarded to any participant, the duration of the period (the “Deferral Period”)
during which, and the conditions under which, receipt of the Shares will be
deferred, and the other terms and conditions of the Award in addition to those
set forth in Section 8(B).

The Committee may
condition the grant of Deferred Shares upon the attainment of specified
performance goals or such other factors as the Committee shall determine in its
sole discretion.

B.         Terms and
Conditions.  Deferred Share Awards shall be subject to the following terms
and conditions and shall contain such additional terms and conditions, not
inconsistent with the terms of the Plan, as the Committee shall deem desirable:

(1)               The
purchase price for Deferred Shares shall be determined at the time of grant by
the Committee.  Subject to the provisions of the Plan and the Award agreement
referred to in Section 8(B)(10), Deferred Share Awards may not be sold,
assigned, transferred, pledged or otherwise encumbered during the Deferral
Period.  At the expiration of the Deferral Period (or the Elective Deferral
Period referred to in Section 8(B)(9), where applicable), share certificates
shall be delivered to the participant, or the participant’s legal
representative, for the Shares covered by the Deferred Share Award.  The
Deferral Period applicable to any Deferred Share Award shall not be less than
six months and one day (“Minimum Deferral Period”).

(2)               To the
extent a Deferred Share Award is a 409A Award, the Committee will grant the
Award in a manner as to comply with the requirements of Code Section 409A and
the regulations promulgated thereunder and in accordance with Section 10(B).

(3)               Unless
otherwise determined by the Committee at grant, amounts equal to any dividends
declared during the Deferral Period with respect to the number of Shares
covered by a Deferred Share Award will be paid to the participant currently, or
deferred and deemed to be reinvested in additional Deferred Shares, or otherwise
reinvested, all as determined by the Committee, in its sole discretion, at the
time of the Award.

(4)               No
Deferred Shares shall be transferable by a participant other than by will or by
the laws of descent and distribution or pursuant to a qualified domestic
relations order (as defined in the Code or the Employee Retirement Income
Security Act of 1974, as amended) except that, if so provided in the Deferred
Shares Agreement, the participant may transfer the Deferred Shares during the
participant’s lifetime to one or more members of the participant’s family, to
one or more trusts for the benefit of one or more of the participant’s family,
to a partnership or partnerships of members of the participant’s family, or to
a charitable organization as defined in Section 501(c)(3) of the Code, provided
that  the transfer would not result in the loss of any exemption under Rule
16b-3 of the Exchange Act with respect to any Deferred Shares.  The transferee
of Deferred Shares will be subject to all restrictions, terms and conditions
applicable to the Deferred Shares prior to its transfer, except that the
Deferred Shares will not be further transferable by the transferee other than
by will or by the laws of descent and distribution.

	
  A-12

  

(5)               Unless
otherwise determined by the Committee at the time of granting any Deferred
Shares, if a participant’s employment by the Company or any Subsidiary or
Affiliate terminates by reason of death, any Deferred Shares held by such
participant shall thereafter vest or any restriction shall lapse, and the
participant’s representative shall receive the Deferred Shares in one lump sum
within 10 business days following such death.

(6)               Unless
otherwise determined by the Committee at the time of granting any Deferred
Shares, if a participant’s employment by the Company or any Subsidiary or
Affiliate terminates by reason of Disability, any Deferred Shares held by such
participant shall thereafter vest or any restriction lapse, and the participant
or the participant’s representative shall receive the Deferred Shares in one
lump sum within 10 business days following such Disability.  A determination of
Disability shall be made by the Committee.

(7)               Unless
otherwise determined by the Committee at or after the time of granting any
Deferred Share Award, if a participant’s employment by the Company or any
Subsidiary or Affiliate terminates for any reason other than death or
Disability, all Deferred Shares held by such participant which are unvested or
subject to restriction shall thereupon be forfeited.

(8)               Based
on service, performance or such other factors or criteria as the Committee may
determine, the Committee may, at or after grant, accelerate the vesting of all
or any part of any Deferred Share Award, subject in all cases to the Minimum
Deferral Period requirement.

(9)               A
participant may elect to further defer receipt of a Deferred Share Award (or an
installment of an Award) for a specified period or until a specified event (the
“Elective Deferral Period”), subject in each case to the Committee’s approval,
the terms of this Section 8, and such other terms as are determined by the
Committee, all in its sole discretion, and in compliance with the terms and
conditions of Code Section 409A and the regulations promulgated thereunder. 
Subject to any exceptions approved by the Committee, such election must be made
at least 12 months prior to the date the Deferral Period is set to expire and
the Elective Deferral Period must be for a period of at least five years from
the date the Deferral Period is set to expire, except to the extent the holder
of a Deferred Share becomes entitled to receive the underlying Shares due to
death or Disability.

(10)             Each
such Award shall be confirmed by, and subject to the terms of, a Deferred Share
Award agreement evidencing the Award in the form approved from time to time by
the Committee.

C.       Minimum Value
Provisions.  In order to better ensure that Award payments actually reflect
the performance of the Company and service of the participant, the Committee
may provide, in its sole discretion, for a tandem performance-based or other
Award designed to guarantee a minimum value, payable in cash or Shares to the
recipient of a Deferred Share Award, subject to such performance, future
service, deferral and other terms and conditions as may be specified by the
Committee.

9.             Other
Share-Based Awards

A.      Grant.  Other
Awards of Shares and other Awards that are valued, in whole or in part, by
reference to, or are otherwise based on, Shares, including, without limitation,
performance shares, convertible preferred shares, convertible debentures,
exchangeable securities, dividend equivalent rights and Share Awards or options
valued by reference to Book Value or Subsidiary performance, may be granted
alone, in addition to or in tandem with other Awards granted under the Plan or
cash awards made outside the Plan.

	
  A-13

  

At the time the Shares or
Other Share-Based Awards are granted, the Committee shall determine the
individuals to whom and the time or times at which such Shares or Other
Share-Based Awards shall be awarded, the number of Shares to be used in
computing an Award or which are to be awarded pursuant to such Awards, the
consideration, if any, to be paid for such Shares or Other Share-Based Awards,
and all other terms and conditions of the Awards in addition to those set forth
in Section 9(B).  The Committee will also have the right, at its sole
discretion, to settle such Awards in Shares, Restricted Shares or cash in an
amount equal to the Fair Market Value of the Shares or Other Share-Based Awards
at the time of settlement.   

                    The provisions of
Other Share-Based Awards need not be the same with respect to each participant.

B.       Terms and
Conditions.  Other Share-Based Awards shall be subject to the following
terms and conditions and shall contain such additional terms and conditions,
not inconsistent with the terms of the Plan, as the Committee shall deem
desirable:

(1)               Subject
to the provisions of this Plan and the Award agreement referred to in Section
9(B)(5) below, Shares awarded or subject to Awards made under this Section 9
may not be sold, assigned, transferred, pledged or otherwise encumbered prior
to the date on which the Shares are issued, or, if later, the date on which any
applicable restriction, performance, holding or deferral period or requirement
is satisfied or lapses.  All Shares or Other Share-Based Awards granted under
this Section 9 shall be subject to a minimum holding period (including any
applicable restriction, performance and/or deferral periods) of six months and
one day (“Minimum Holding Period”).

(2)               Subject
to the provisions of this Plan and the Award agreement and unless otherwise
determined by the Committee at the time of grant, the recipient of an Other
Share-Based Award shall be entitled to receive, currently or on a deferred
basis, interest or dividends or interest or dividend equivalents with respect
to the number of Shares covered by the Award, as determined at the time of the
Award by the Committee, in its sole discretion, and the Committee may provide
that such amounts (if any) shall be deemed to have been reinvested in
additional Shares or otherwise reinvested.

(3)               Subject
to the Minimum Holding Period, any Other Share-Based Award and any Shares
covered by any such Award shall vest or be forfeited to the extent, at the
times and subject to the conditions, if any, provided in the Award agreement,
as determined by the Committee in its sole discretion subject, if applicable,
to the provisions of Code Section 409A and the regulations promulgated
thereunder.

(4)               In the
event of the participant’s Disability or death, or in cases of special
circumstances, the Committee may, in its sole discretion, waive, in whole or in
part, any or all of the remaining limitations imposed hereunder or under any
related Award agreement (if any) with respect to any part or all of any Award
under this Section 9, provided that the Minimum Holding Period requirement may
not be waived, except in case of a participant’s death.  Notwithstanding the
foregoing, the Committee may not waive, in whole or in part, any remaining
limitations imposed with respect to any Award if such waiver results in an
Award’s failure to comply with the requirements of Code Section 409A and the
regulations promulgated thereunder, unless agreed upon in writing by the Committee
and the participant.

(5)               Each
Award shall be confirmed by, and subject to the terms of, an agreement or other
instrument evidencing the Award in the form approved from time to time by the
Committee, the Company and the participant.

	
  A-14

  

(6)               Shares
(including securities convertible into Shares) issued on a bonus basis under
this Section 9 shall be issued for no cash consideration.  Shares (including
securities convertible into Shares) purchased pursuant to a purchase right
awarded under this Section 9 shall bear a price of at least 85% of the Fair
Market Value of the Shares on the date of grant.  The purchase price of such
Shares, and of any Other Share-Based Award granted hereunder, or the formula by
which such price is to be determined, shall be fixed by the Committee at the
time of grant.

(7)               In the
event that any “derivative security,” as defined in Rule 16a-1(c) (or any
successor thereto) promulgated by the Securities and Exchange Commission under
Section 16 of the Exchange Act, is awarded pursuant to this Section 9 to any
Section 16 Participant, such derivative security shall not be transferable
other than by will or by the laws of descent and distribution.

C.       Dividend
Equivalent Rights.  A Dividend Equivalent Right is an Award entitling the
recipient to receive credits based on cash distributions that would have been
paid on the Shares specified in the Dividend Equivalent Right (or other Award
to which it relates) if such Shares had been issued to and held by the
recipient.  A Dividend Equivalent Right may be granted hereunder to any
participant as a component of another Award or as a freestanding award.

(1)               Terms
And Conditions.  In addition to the terms and conditions set forth in Section
9(B), Dividend Equivalent Rights shall be subject to the following additional
terms and conditions.  Dividend Equivalents credited to the holder of a
Dividend Equivalent Right may be paid currently or may be deemed to be
reinvested in additional Shares, which may thereafter accrue additional
dividend equivalents.  Any such reinvestment shall be at Fair Market Value on
the date of reinvestment.  Dividend Equivalent Rights may be settled in cash or
Shares or a combination thereof, in a single installment or installments, all
determined in the sole discretion of the Committee.  A Dividend Equivalent
Right granted as a component of another Award may provide that such Dividend
Equivalent Right shall be settled upon exercise, settlement, or payment of, or
lapse of restrictions on, such other award, and that such Dividend Equivalent
Right shall expire or be forfeited or annulled under the same conditions as
such other award.  A Dividend Equivalent Right granted as a component of
another Award may also contain terms and conditions different from such other
Award.

(2)               Interest
Equivalents.  Any Award under this Plan that is settled in whole or in part
in cash on a deferred basis may provide in the Award Agreement for interest
equivalents to be credited with respect to such cash payment.  Interest
equivalents may be compounded and shall be paid upon such terms and conditions
as may be specified by the grant.

(3)               Termination
of Employment.  Except as may otherwise be provided by the Committee either
in the Award Agreement or in writing after the Award Agreement is issued, a
participant’s rights in all Dividend Equivalent Rights or interest equivalents
(other than any accrued but unpaid Dividend Equivalent Rights or interest
equivalents) shall automatically terminate upon the date that a participant’s
employment with the Company or any Subsidiary or Affiliate terminates for any
reason other than death or Disability.  Any accrued but unpaid Dividend
Equivalent Rights or interest equivalents shall be paid in one lump sum amount
by the Company within 90 days after the termination of the participant’s
employment with the Company or any Subsidiary or Affiliate.

	
  A-15

  

10.          Form
and Timing of Payment Under Awards; Deferrals

A.       Form and
Timing of Payment.  Subject to the terms of the Plan and any applicable
Award Agreement (as may be amended pursuant to Section 12 hereof), payments to
be made by the Company, a Subsidiary or Affiliate upon the exercise of an
Option or other Award or settlement of an Award may be made in such forms as
the Committee shall determine, including, without limitation, cash, Shares,
other Awards or other property, and may be made in a single payment or
transfer, in installments, or on a deferred basis; provided, however that
settlement in other than Shares or payments on a deferred basis must be
authorized by the applicable Award Agreement.  The settlement of any Award may
be accelerated and cash paid in lieu of Shares in connection with such
settlement; provided, however that settlement in cash must be authorized by the
applicable Award Agreement.  The acceleration of any Award that does not result
in a cash settlement must also be authorized by the applicable Award
Agreement.  Installment or deferred payments may be required by the Committee
or permitted at the election of the participant on terms and conditions
approved by the Committee, including without limitation the ability to defer
awards pursuant to any deferred compensation plan maintained by the Company, a
Subsidiary or Affiliate.  Payments may include, without limitation, provisions
for the payment or crediting of a reasonable interest rate on installment or
deferred payments or the grant or crediting of Dividend Equivalents or other
amounts in respect of installment or deferred payments denominated in Shares.

B.        Certain
Limitations on Awards to Ensure Compliance with Code Section 409A.

(1)               409A
Awards and Deferrals.  Other provisions of the Plan notwithstanding, the
terms of any 409A Award, including any authority of the Company or the
Committee and rights of the participant with respect to the 409A Award, shall
be limited to those terms permitted under Code Section 409A and the regulations
promulgated thereunder.  The following rules will apply to 409A Awards:

(A)    If a participant
is permitted to elect to defer an Award or any payment under an Award, such
election shall be permitted only at times in compliance with Code Section 409A
and the regulations promulgated thereunder;

(B)    The Company shall
have no authority to accelerate or delay distributions relating to 409A Awards
in excess of the authority permitted under Code Section 409A and the
regulations promulgated thereunder;

(C)    Any distribution
of a 409A Award triggered by a Participant’s termination of employment shall be
made only at the time that the Participant has had a “Separation from Service”
within the meaning of Code Section 409A (or at such earlier time preceding a
termination of employment that there occurs another event triggering a
distribution under the Plan or the applicable Award Agreement in compliance
with Code Section 409A and the regulations promulgated thereunder);

(D)    Any distribution
of a 409A Award to a “Specified Employee,” as determined under Code Section
409A, after Separation from Service, shall occur at the expiration of the
six-month period following said Specified Employee’s Separation from Service. 
In the case of installment payments, this six-month delay shall not affect the
timing of any installment otherwise payable after the six-month delay period;
and In the case of any distribution of a 409A Award, the time and form of
payment for such distribution will be specified in the Award Agreement;
provided that, if the time and form of payment for such distribution is not
otherwise specified in the Plan or an Award Agreement or other governing
document, the distribution shall be made in one lump sum amount on March 15 in
the calendar year following the calendar year at which the settlement of the
Award is specified to occur, any applicable restriction lapses, or there is no
longer a substantial risk of forfeiture applicable to such amounts.

	
  A-16

  

(2)               Distribution
upon Vesting.  In the case of any Award providing for a distribution upon the
lapse of a substantial risk of forfeiture, the time and form of payment for
such distribution will be specified in the Award Agreement; provided that, if
the timing and form of payment of such distribution is not otherwise specified
in the Plan or an Award Agreement or other governing document, the distribution
shall be made in one lump sum amount on March 15 of the calendar year following
the calendar year in which the substantial risk of forfeiture lapses.

(3)               Scope
and Application of this Provision.  For purposes of the Plan, references to a
term or event (including any authority or right of the Company, the Committee
or a participant) being “permitted” under Code Section 409A means that the term
or event will not cause the participant to be deemed to be in constructive
receipt of compensation relating to the 409A Award prior to the distribution of
cash, shares or other property or to be liable for payment of interest or a tax
penalty under Code Section 409A.

(4)               Interpretation. 
If and to the extent that any provision of an Award is required or intended to
comply with Code Section 409A, such provision shall be administered and
interpreted in a manner consistent with the requirements of Code Section 409A. 
If and solely to the extent that any such provision of an Award as currently
written would conflict with or result in adverse consequences to a participant
under Code Section 409A, the Committee shall have the authority, without the
consent of the participant, to administer such provision and to amend the Award
with respect to such provision to the extent the Committee deems necessary for
the purposes of avoiding any portion of the Shares or amounts to be delivered
to the participant being subject to additional income or other taxes under Code
Section 409A.

11.          Change
In Control Provision

A.        Impact of
Event.  Notwithstanding any other provisions hereof or in any agreement to
the contrary, in the event of:  (1) a “Change in Control” as defined in Section
11(B), (2) a “409A Change in Control” as defined in Section 11(C) or (3) a
“Potential Change in Control” as defined in Section 11(D), the following
acceleration and valuation provisions shall apply:

(1)               Any
Stock Options awarded under the Plan not previously exercisable and vested
shall become fully exercisable and vested;

(2)               Any
Share Appreciation Rights shall become immediately exercisable;

(3)               The
restrictions applicable to any Restricted Share Awards, Deferred Shares and
Other Share-Based Awards shall lapse and such Shares and Awards shall be deemed
fully vested; and  

(4)               Subject
to Section 3(C) and unless otherwise determined by the Committee in its sole
discretion at or after grant but prior to (A) any Change in Control or
Potential Change in Control, each outstanding Award (other than a 409A Award),
in each case to the extent vested, shall be cashed out (and such Award
terminated) by paying the participant an amount equal to the excess, if any, of
the “Change in Control Price” as defined in Section 11(E) as of the date such
Change in Control or such Potential Change in Control is determined to have
occurred over the exercise price or other purchase price, if any, payable by
the participant with respect to such Award or (B) any 409A Change in Control,
each outstanding 409A Award, in each case to the extent vested, shall be cashed
out (and such 409A Award terminated) by paying the participant an amount equal
to the excess, if any, of the Change in Control Price as of the date such 409A
Change in Control is determined to have occurred over the exercise price or
other purchase price, if any, payable by the participant with respect to such
409A Award.  A 409A Award may be cashed out upon a Potential Change in Control
or a Change in Control that does not constitute a 409A Change in Control only
with the written consent of the Company and the participant.

	
  A-17

  

B.         Definition
of Change in Control.  For purposes of Section 11(A), a “Change in Control”
means the occurrence of any of the following:  (i) the Board or shareholders of
the Company approve a consolidation or merger in which the Company is not the
surviving corporation, the sale of substantially all of the assets of the
Company, or the liquidation or dissolution of the Company; (ii) any person or
other entity (other than the Company or a Subsidiary or any Company employee
benefit plan (including any trustee of any such plan acting in its capacity as
trustee)) purchases any Shares (or securities convertible into Shares) pursuant
to a tender or exchange offer without the prior consent of the Board, or
becomes the beneficial owner of securities of the Company representing 20% or
more of the voting power of the Company’s outstanding securities; or (iii)
during any two-year period, individuals who at the beginning of such period
constitute the entire Board cease to constitute a majority of the Board, unless
the election or the nomination for election of each new director is approved by
at least two-thirds of the directors then still in office who were directors at
the beginning of that period.

C.         Definition
of 409A Change in Control.  For purposes of Section 11(A), a “409A Change
in Control” means the date on which any one of the following occurs:  (i) any
one person, or more than one person acting as a group (as determined under Code
Section 409A and the regulations promulgated thereunder), acquires (or has
acquired during the twelve (12) month period ending on the date of the most
recent acquisition by such person or persons) ownership of stock of the Company
possessing 30% or more of the total voting power of the stock of the Company;
or (ii) a majority of members of the Board is replaced during any 12-month
period by directors whose appointment or election is not endorsed by a majority
of the members of the Board before the date of such appointment or election; or
(iii) any one person, or more than one person acting as a group (as determined
under Code Section 409A and the regulations promulgated thereunder), acquires
ownership of stock of the Company that, together with stock held by such person
or group, constitutes more than 50% of the total fair market value or total
voting power of the stock of the Company; or (iv) any one person, or more than
one person acting as a group (as determined under Code Section 409A and the
regulations thereunder), acquires (or has acquired during the twelve (12) month
period ending on the date of the most recent acquisition by such person or
persons) assets from the Company that have a total gross fair market value
equal to or more than 40% of the total gross fair market value of all of the
assets of the Company before such acquisition or acquisitions.  For this
purpose, “gross fair market value” means the value of the assets of the
Company, or the value of the assets being disposed of, determined without
regard to any liabilities associated with such assets

D.         Definition
of Potential Change in Control.  For purposes of Section 11(A), a
“Potential Change in Control” means the happening of any one of the following:

(1)               The
approval by the shareholders of the Company of an agreement by the Company, the
consummation of which would result in a Change in Control of the Company as
defined in Section 11(B); or  

(2)               The
acquisition of beneficial ownership, directly or indirectly, by any entity,
person or group (other than the Company or a Subsidiary or any Company employee
benefit plan (including any trustee of any such plan acting in its capacity as
trustee)) of securities of the Company representing 5% or more of the combined
voting power of the Company’s outstanding securities and the adoption by the
Board of a resolution to the effect that a Potential Change in Control of the
Company has occurred for purposes of this Plan.

	
  A-18

  

E.         Change in
Control Price.  For purposes of this Section 11, “Change in Control Price”
means the highest price per share paid in any transaction reported on the New
York Stock Exchange Composite Index (or, if the Shares are not then traded on
the New York Stock Exchange, the highest price paid as reported for any
national exchange on which the Shares are then traded) or paid or offered in
any bona fide transaction related to a Change in Control, 409A Change in
Control or Potential Change in Control of the Company, at any time during the 30-day
period immediately preceding the occurrence of the Change in Control or 409A
Change in Control (or, when applicable, the occurrence of the Potential Change
in Control event), in each case as determined by the Committee.

12.          Amendments
and Termination

The Board may at any time, amend, alter or discontinue the Plan, but no
such amendment, alteration or discontinuation shall be made that would (i)
impair the rights of a participant under an Award theretofore granted, without
the participant’s consent or (ii) require shareholder approval under any
applicable law or regulation (including any applicable regulation of an
exchange on which the Shares are traded), unless such shareholder approval is
received.  The Company shall submit to the shareholders of the Company, for
their approval, any amendments to the Plan required pursuant to Section 162(m)
of the Code or any material revisions to the Plan so long as such approval is
required by law or regulation (including any applicable regulation of an
exchange on which the Shares are traded).

The Committee may at any time, in its sole discretion, amend the terms of
any Award, but (i) no such amendment shall be made that would impair the rights
of a participant under an Award theretofore granted, without the participant’s
consent; (ii) no such amendment shall be made that would make the applicable
exemptions provided by Rule 16b-3 under the Exchange Act unavailable to any
Section 16 Participant holding the Award without the participant’s consent and
(iii) no such amendment shall be made if it would reduce the exercise price of
a Stock Option or reduce the purchase price, if any, of the Shares that are
subject to the Award, unless such Amendment is in accordance with Section 3(C).

Subject to the above provisions, the Board shall have all necessary
authority to amend the Plan, clarify any provision or to take into account
changes in applicable securities and tax laws and accounting rules, as well as
other developments.

13.          Unfunded
Status of Plan

The Plan is intended to constitute an “unfunded” plan for incentive and
deferred compensation.  With respect to any payment not yet made to a
participant by the Company, nothing contained herein shall give that
participant any rights that are greater than those of a general creditor of the
Company.

14.          General
Provisions

A.        The Committee
may require each participant acquiring Shares pursuant to an Award 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.  The
certificates for any such Shares may include any legend which the Committee
deems appropriate to reflect any restrictions on transfer.

All Shares or other
securities delivered under the Plan shall be subject to such stop-transfer
orders and other restrictions as the Committee may deem advisable under the
rules, regulations and other requirements of the Securities and Exchange
Commission, any stock exchange upon which the Shares are then listed, and any
applicable federal or state securities laws, and the Committee may cause a
legend or legends to be put on any certificate for any such Shares to make
appropriate reference to those restrictions.

	
  A-19

  

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

C.         Neither the
adoption of the Plan, nor its operation, nor any document describing,
implementing or referring to the Plan, or any part thereof, shall confer upon
any participant under the Plan any right to continue in the employ, or as a
director, of the Company or any Subsidiary or Affiliate, or shall in any way affect
the right and power of the Company or any Subsidiary or Affiliate to terminate
the employment, or service as a director, of any participant under the Plan at
any time with or without assigning a reason therefore, to the same extent as
the Company or any Subsidiary or Affiliate might have done if the Plan had not
been adopted.

D.         For purposes
of this Plan, a transfer of a participant between the Company and any
Subsidiary or Affiliate shall not be deemed a termination of employment.

E.         No later than
the date as of which an amount first becomes includable in the gross income of
the participant for federal income tax purposes with respect to any Award under
the Plan, the participant shall pay to the Company, or make arrangements
satisfactory to the Committee regarding the payment of, any federal, state or
local taxes or other items of any kind required by law to be withheld with
respect to that amount.  Subject to the following sentence, unless otherwise
determined by the Committee, withholding obligations may be settled with
Shares, including unrestricted Shares previously owned by the participant or
Shares that are part of the Award that gives rise to the withholding
requirement.  Notwithstanding the foregoing, any right by a Section 16
Participant to elect to settle any tax withholding obligation with Shares that
are part of an Award must be set forth in the agreement evidencing that Award
or be approved by the Committee in its sole discretion.  The obligations of the
Company under the Plan shall be conditional on those payments or arrangements
and the Company and its Subsidiaries and Affiliates shall, to the extent
permitted by law, have the right to deduct any such taxes from any payment of
any kind otherwise payable to the participant.

F.         The actual or
deemed reinvestment of dividends or dividend equivalents in additional
Restricted Shares (or in Deferred Shares or other types of Awards) at the time
of any dividend payment shall be permissible only if sufficient Shares are
available under Section 3 for reinvestment (taking into account then
outstanding Stock Options).

G.         The Plan, all
Awards made and actions taken thereunder and any agreements relating thereto
shall be governed by and construed in accordance with the laws of the State of Ohio.

H.         All agreements
entered into with participants pursuant to the Plan shall be subject to the
Plan.

I.          The
provisions of Awards need not be the same with respect to each participant.

15.          Shareholder
Approval; Effective Date of Plan

The Plan was adopted by the Board on March 14, 2008 and is subject to
approval by the holders of the Company’s outstanding Shares, in accordance with
applicable law.  If the Plan is not so approved within twelve (12) months after
the date the Plan is adopted by the Board, the Plan and any Grants made
hereunder shall be null and void.  However, if the Plan is so approved, no
further shareholder approval shall be required with respect to the granting of
Awards pursuant to the Plan.

16.          Term
of Plan

	
  No Award shall be granted pursuant to the Plan on or after
  May 7, 2018, but Awards granted prior to that date may extend beyond that
  date. 

  

A-20

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