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                                                                   Exhibit 10.14

                 CHARLES RIVER LABORATORIES INTERNATIONAL, INC.

                               2000 INCENTIVE PLAN

1.       ADMINISTRATION

         Subject to the express provisions of the Plan, the Administrator has
the authority to interpret the Plan; determine eligibility for and grant Awards;
determine, modify or waive the terms and conditions of any Award; prescribe
forms, rules and procedures (which it may modify or waive); and otherwise do all
things necessary to implement the Plan. Once an Award has been communicated in
writing to a Participant, the Administrator may not, without the Participant's
consent, alter the terms of the Award so as to affect adversely the
Participant's rights under the Award, unless the Administrator has expressly
reserved the right to do so. In the case of any Award intended to be eligible
for the performance-based compensation exception under Section 162(m), the
Administrator shall exercise its discretion consistent with qualifying the Award
for such exception.

2.       LIMITS ON AWARD UNDER THE PLAN

         a. NUMBER OF SHARES. A maximum of 1,189,000 shares of Stock may be
delivered in satisfaction of Awards under the Plan. For purposes of the
preceding sentence, shares that have been forfeited in accordance with the terms
of the applicable Award and shares held back in satisfaction of the exercise
price or tax withholding requirements from shares that would otherwise have been
delivered pursuant to an Award shall not be considered to have been delivered
under the Plan. Also, the number of shares of Stock delivered under an Award
shall be determined net of any previously acquired Shares tendered by the
Participant in payment of the exercise price or of withholding taxes.

         b. TYPE OF SHARES. Stock delivered by the Company under the Plan may be
authorized but unissued Stock or previously issued Stock acquired by the Company
and held in treasury. No fractional shares of Stock will be delivered under the
Plan.

         c. CERTAIN SHARE LIMITS. The maximum number of shares of Stock for
which Stock Options may be granted to any person from and after adoption of the
Plan and prior to June 5, 2010, the maximum number of shares of Stock subject to
SARs granted to any person during such period and the aggregate maximum number
of shares of Stock subject to other Awards that may be delivered (or the value
of which may be paid) to any person during such period shall each be 2,000,000.
For purposes of the preceding sentence, the repricing of a Stock Option or SAR
shall be treated as a new grant to the extent required under Section 162(m).
Subject to these limitations, each person eligible to participate in the Plan
shall be eligible to receive Awards covering up to the full number of shares of
Stock then available for Awards under the Plan. No Awards may be granted under
the Plan after June 5, 2010, but previously granted Awards may extend beyond
that date.

         d. OTHER AWARD LIMITS. No more than $2,000,000 may be paid to any
individual with respect to any Cash Performance Award (other than an Award
expressed in terms of shares of Stock

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or units representing Stock, which shall instead be subject to the limit set
forth in Section 2.c. above). In applying the dollar limitation of the preceding
sentence: (A) multiple Cash Performance Awards to the same individual that are
determined by reference to performance periods of one year or less ending with
or within the same fiscal year of the Company shall be subject in the aggregate
to one limit of such amount, and (B) multiple Cash Performance Awards to the
same individual that are determined by reference to one or more multi-year
performance periods ending in the same fiscal year of the Company shall be
subject in the aggregate to a separate limit of such amount.

3.       ELIGIBILITY AND PARTICIPATION

         The Administrator will select Participants from among those key
Employees, directors and other individuals or entities providing services to the
Company or its Affiliates who, in the opinion of the Administrator, are in a
position to make a significant contribution to the success of the Company and
its Affiliates. Eligibility for ISOs is further limited to those individuals
whose employment status would qualify them for the tax treatment described in
Sections 421 and 422 of the Code.

4.       RULES APPLICABLE TO AWARDS

         a.       ALL AWARDS

                  (1) TERMS OF AWARDS. The Administrator shall determine the
terms of all Awards subject to the limitations provided herein.

                  (2) PERFORMANCE CRITERIA. Where rights under an Award depend
in whole or in part on satisfaction of Performance Criteria, actions by the
Company that have an effect, however material, on such Performance Criteria or
on the likelihood that they will be satisfied will not be deemed an amendment or
alteration of the Award.

                  (3) ALTERNATIVE SETTLEMENT. The Company may at any time
extinguish rights under an Award in exchange for payment in cash, Stock (subject
to the limitations of Section 2) or other property on such terms as the
Administrator determines, provided the holder of the Award consents to such
exchange.

                  (4) TRANSFERABILITY OF AWARDS. Except as the Administrator
otherwise expressly provides, Awards may not be transferred other than by will
or by the laws of descent and distribution and during a Participant's lifetime
an Award requiring exercise may be exercised only by the Participant (or in the
event of the Participant's incapacity, the person or persons legally appointed
to act on the Participant's behalf).

                  (5) VESTING, ETC. Without limiting the generality of Section
1, the Administrator may determine the time or times at which an Award will vest
(I.E., become free of forfeiture

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restrictions) or become exercisable and the terms on which an Award requiring
exercise will remain exercisable. Unless the Administrator expressly provides
otherwise:

                           (A) immediately upon the cessation of a Participant's
         employment or other service relationship with the Company and its
         Affiliates, all Awards (other than Stock Options and SARs) held by the
         Participant (or by a permitted transferee under Section 4.a.(4))
         immediately prior to such cessation of employment or other service
         relationship will be forfeited if not then vested and, where
         exercisability is relevant, will cease to be exercisable;

                            (B) except as provided in (C) and (D) below, all
         Stock Options and SARs held by a Participant (or by a permitted
         transferee under Section 4.a.(4)) immediately prior to the cessation of
         the Participant's employment or other service relationship for reasons
         other than death, to the extent then exercisable, will remain
         exercisable for the lesser of (i) a period of three months or (ii) the
         period ending on the latest date on which such Stock Option or SAR
         could have been exercised without regard to this Section 4.a.(5), and
         shall thereupon terminate;

                            (C) all Stock Options and SARs held by a Participant
         (or by a permitted transferee under Section 4.a.(4)) immediately prior
         to the Participant's death, to the extent then exercisable, will remain
         exercisable for the lesser of (i) the one-year period ending with the
         first anniversary of the Participant's death or (ii) the period ending
         on the latest date on which such Stock Option or SAR could have been
         exercised without regard to this Section 4.a.(5), and shall thereupon
         terminate; and

                           (D) all Stock Options and SARs held by a Participant
         (or by a permitted transferee of the Participant under Section 4.a.(4))
         whose cessation of employment or other service relationship is
         determined by the Administrator in its sole discretion to result from
         reasons which cast such discredit on the Participant as to justify
         immediate termination of the Award shall immediately terminate upon
         such cessation.

Unless the Administrator expressly provides otherwise, a Participant's
"employment or other service relationship with the Company and its Affiliates"
will be deemed to have ceased, in the case of an employee Participant, upon
termination of the Participant's employment with the Company and its Affiliates
(whether or not the Participant continues in the service of the Company or its
Affiliates in some capacity other than that of an employee of the Company or its
Affiliates), and in the case of any other Participant, when the service
relationship in respect of which the Award was granted terminates (whether or
not the Participant continues in the service of the Company or its Affiliates in
some other capacity).

                  (6) TAXES. The Administrator will make such provision for the
withholding of taxes as it deems necessary. The Administrator may, but need not,
hold back shares of Stock from an Award or permit a Participant to tender
previously owned shares of Stock in satisfaction of tax

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withholding requirements. In no event shall Stock be tendered or held back by
the Company in excess of the minimum amount required to be withheld for Federal,
state, and local taxes.

                  (7) DIVIDEND EQUIVALENTS, ETC. The Administrator may provide
for the payment of amounts in lieu of cash dividends or other cash distributions
with respect to Stock subject to an Award if and in such manner as it deems
appropriate.

                  (8) RIGHTS LIMITED. Nothing in the Plan shall be construed as
giving any person the right to continued employment or service with the Company
or its Affiliates, or any rights as a shareholder except as to shares of Stock
actually issued under the Plan. The loss of existing or potential profit in
Awards will not constitute an element of damages in the event of termination of
employment or service for any reason, even if the termination is in violation of
an obligation of the Company or Affiliate to the Participant.

                  (9) SECTION 162(m). The Administrator in its discretion may
grant Performance Awards that are intended to qualify for the performance-based
compensation exception under Section 162(m) and Performance Awards that are not
intended so to qualify. In the case of an Award intended to be eligible for the
performance-based compensation exception under Section 162(m), the Plan and such
Award shall be construed to the maximum extent permitted by law in a manner
consistent with qualifying the Award for such exception. In the case of a
Performance Award intended to qualify as performance-based for the purposes of
Section 162(m), except as otherwise permitted by the regulations at Treas. Regs.
Section 1.162-27: (i) the Administrator shall preestablish in writing one or
more specific Performance Criteria no later than 90 days after the commencement
of the period of service to which the performance relates (or at such earlier
time as is required to qualify the Award as performance-based under
Section 162(m)); (ii) payment of the Award shall be conditioned upon prior
certification by the Administrator that the Performance Criteria have been
satisfied; and (iii) if the Performance Criteria with respect to the Award are
not satisfied, no other Award shall be provided in substitution of the
Performance Award. The provisions of this Section 6.a.(9) shall be construed
in a manner that is consistent with the regulations under Section 162(m).

         b.       AWARDS REQUIRING EXERCISE

                  (1) TIME AND MANNER OF EXERCISE. Unless the Administrator
expressly provides otherwise, (a) an Award requiring exercise by the holder will
not be deemed to have been exercised until the Administrator receives a written
notice of exercise (in form acceptable to the Administrator) signed by the
appropriate person and accompanied by any payment required under the Award; and
(b) if the Award is exercised by any person other than the Participant, the
Administrator may require satisfactory evidence that the person exercising the
Award has the right to do so.

                  (2) EXERCISE PRICE. The Administrator shall determine the
exercise price of each Stock Option; PROVIDED, that except as otherwise
permitted by the regulations at Treas. Regs. Section 1.162-27, each Stock Option
intended to qualify for the performance-based exception under Section 162(m) of
the Code and each ISO must have an exercise price that is not less than the fair
market

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value of the Stock subject to the Stock Option, determined as of the date of
grant. An ISO granted to an Employee described in Section 422(b)(6) of the Code
must have an exercise price that is not less than 110% of such fair market
value.

                  (3) PAYMENT OF EXERCISE PRICE, IF ANY. Where the exercise of
an Award is to be accompanied by payment, the Administrator may determine the
required or permitted forms of payment, subject to the following: (a) all
payments will be by cash or check acceptable to the Administrator, or, if so
permitted by the Administrator (with the consent of the optionee of an ISO if
permitted after the grant), (i) through the delivery of shares of Stock which
have been outstanding for at least six months (unless the Administrator approves
a shorter period) and which have a fair market value equal to the exercise
price, (ii) by delivery of a promissory note of the person exercising the Award
to the Company, payable on such terms as are specified by the Administrator,
(iii) if the Stock is publicly traded, by delivery of an unconditional and
irrevocable undertaking by a broker to deliver promptly to the Company
sufficient funds to pay the exercise price, or (iv) by any combination of the
foregoing permissible forms of payment; and (b) where shares of Stock issued
under an Award are part of an original issue of shares, the Award shall require
an exercise price equal to at least the par value of such shares.

                  (4) GRANT OF STOCK OPTIONS. Each Stock Option awarded under
the Plan shall be deemed to have been awarded as a non-ISO (and to have been so
designated by its terms) unless the Administrator expressly provides for ISO
treatment that the Stock Option is to be treated as an ISO.

         c.       AWARDS NOT REQUIRING EXERCISE

         Awards of Restricted Stock and Unrestricted Stock may be made in return
for either (i) services determined by the Administrator to have a value not less
than the par value of the Awarded shares of Stock, or (ii) cash or other
property having a value not less than the par value of the Awarded shares of
Stock plus such additional amounts (if any) as the Administrator may determine
payable in such combination and type of cash, other property (of any kind) or
services as the Administrator may determine.

5.       EFFECT OF CERTAIN TRANSACTIONS

         a.        MERGERS, ETC.

         Immediately prior to a Covered Transaction (other than an Excluded
Transaction in which the outstanding Awards have been assumed or substituted for
as provided below), all outstanding Awards shall vest and, if relevant, become
exercisable, all Performance Criteria and other conditions to any Award shall be
deemed satisfied, and all deferrals measured by reference to or payable in
shares of Stock shall be accelerated. Upon consummation of a Covered
Transaction, all Awards then outstanding and requiring exercise or delivery
shall terminate unless assumed by an acquiring or surviving entity or its
affiliate as provided below.

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         In the event of a Covered Transaction, the Administrator may provide
for substitute or replacement Awards from, or the assumption of Awards by, the
acquiring or surviving entity or its affiliates on such terms as the
Administrator determines.

         b.       CHANGES IN AND DISTRIBUTIONS WITH RESPECT TO THE STOCK

                  (1) BASIC ADJUSTMENT PROVISIONS. In the event of a stock
dividend, stock split or combination of shares, recapitalization or other change
in the Company's capital structure, the Administrator will make appropriate
adjustments to the maximum number of shares that may be delivered under the Plan
under Section 2.a. and to the maximum share limits described in Section 2.c.,
and will also make appropriate adjustments to the number and kind of shares of
stock or securities subject to Awards then outstanding or subsequently granted,
any exercise prices relating to Awards and any other provision of Awards
affected by such change. For the avoidance of doubt, the 1,189,000 and 2,000,000
share limits expressed in Section 2 are intended to reflect the increased number
of shares resulting from the share exchange approved on June 5, 2000;
accordingly, no further adjustment in those limits shall be made under this
Section 5.b. solely to reflect such exchange.

                  (2) CERTAIN OTHER ADJUSTMENTS. The Administrator may also make
adjustments of the type described in paragraph (1) above to take into account
distributions to common stockholders other than those provided for in Section
5.a. and 5.b.(1), or any other event, if the Administrator determines that
adjustments are appropriate to avoid distortion in the operation of the Plan and
to preserve the value of Awards made hereunder; PROVIDED, that no such
adjustment shall be made to the maximum share limits described in Section 2.c.,
or otherwise to an Award intended to be eligible for the performance-based
exception under Section 162(m), except to the extent consistent with that
exception, nor shall any change be made to ISOs except to the extent consistent
with their continued qualification under Section 422 of the Code.

                  (3) CONTINUING APPLICATION OF PLAN TERMS. References in the
Plan to shares of Stock shall be construed to include any stock or securities
resulting from an adjustment pursuant to Section 5.b.(1) or 5.b.(2) above.

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6.       LEGAL CONDITIONS ON DELIVERY OF STOCK

         The Company will not be obligated to deliver any shares of Stock
pursuant to the Plan or to remove any restriction from shares of Stock
previously delivered under the Plan until the Company's counsel has approved all
legal matters in connection with the issuance and delivery of such shares; if
the outstanding Stock is at the time of delivery listed on any stock exchange or
national market system, the shares to be delivered have been listed or
authorized to be listed on such exchange or system upon official notice of
issuance; and all conditions of the Award have been satisfied or waived. If the
sale of Stock has not been registered under the Securities Act of 1933, as
amended, the Company may require, as a condition to exercise of the Award, such
representations or agreements as counsel for the Company may consider
appropriate to avoid violation of such Act. The Company may require that
certificates evidencing Stock issued under the Plan bear an appropriate legend
reflecting any restriction on transfer applicable to such Stock.

7.       AMENDMENT AND TERMINATION

         Subject to the last sentence of Section 1, the Administrator may at any
time or times amend the Plan or any outstanding Award for any purpose which may
at the time be permitted by law, or may at any time terminate the Plan as to any
further grants of Awards; PROVIDED, that (except to the extent expressly
required or permitted by the Plan) no such amendment will, without the approval
of the stockholders of the Company, effectuate a change for which stockholder
approval is required in order for the Plan to continue to qualify under Section
422 of the Code and for Awards to be eligible for the performance-based
exception under Section 162(m).

8.       NON-LIMITATION OF THE COMPANY'S RIGHTS

         The existence of the Plan or the grant of any Award shall not in any
way affect the Company's right to Award a person bonuses or other compensation
in addition to Awards under the Plan.

9.       GOVERNING LAW

         The Plan shall be construed in accordance with the laws of The
Commonwealth of Massachusetts.

10.      DEFINED TERMS.

         The following terms, when used in the Plan, shall have the meanings and
be subject to the provisions set forth below:

         "ADMINISTRATOR": The Board or, if one or more has been appointed, the
Committee. With respect to ministerial tasks deemed appropriate by the Board or
Committee, the term "Administrator"

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shall also include such persons (including Employees) to whom the Board or
Committee shall have delegated such tasks.

         "AFFILIATE": Any corporation or other entity owning, directly or
indirectly, 50% or more of the outstanding Stock of the Company, or in which the
Company or any such corporation or other entity owns, directly or indirectly,
50% of the outstanding capital stock (determined by aggregate voting rights) or
other voting interests.

         "AWARD":  Any or a combination of the following:

                  (i) Stock Options.

                  (ii) SARs.

                  (iii) Restricted Stock.

                  (iv) Unrestricted Stock.

                  (v)  Deferred Stock.

                  (vi) Cash Performance Awards.

                  (vii)  Other Performance Awards.

                  (viii) Grants of cash, or loans, made in connection with other
         Awards in order to help defray in whole or in part the economic cost
         (including tax cost) of the Award to the Participant.

         "BOARD":  The Board of Directors of the Company.

         "CASH PERFORMANCE AWARD": A Performance Award payable in cash. The
right of the Company under Section 4.a.(3) (subject to the consent of the holder
of the Award as therein provided) to extinguish an Award in exchange for cash or
the exercise by the Company of such right shall not make an Award otherwise not
payable in cash a Cash Performance Award.

         "CODE": The U.S. Internal Revenue Code of 1986 as from time to time
amended and in effect, or any successor statute as from time to time in effect.

         "COMMITTEE": One or more committees of the Board (including any
subcommittee thereof) appointed or authorized to make Awards and otherwise to
administer the Plan. In the case of Awards granted to officers of the
Company, except as otherwise permitted by the regulations at Treas. Regs.
Section 1.162-27, the Committee shall be comprised solely of two or more
outside directors within the meaning of Section 162(m).

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         "COMPANY": Charles River Laboratories International, Inc.

         "COVERED TRANSACTION": Any of (i) a consolidation or merger in which
the Company is not the surviving corporation or which results in any individual,
entity or "group" (within the meaning of section 13(d) of the Securities
Exchange Act of 1934) acquiring the beneficial ownership (within the meaning of
Rule 13d-3 promulgated under the Exchange Act) directly or indirectly of more
than 50% of either the then outstanding shares of common stock of the Company or
the combined voting power of the then outstanding voting securities of the
Company entitled to vote generally in the election of directors, (ii) a sale or
transfer of all or substantially all the Company's assets, or (iii) a
dissolution or liquidation of the Company.

         "DEFERRED STOCK": A promise to deliver Stock or other securities in the
future on specified terms.

         "EMPLOYEE":  Any person who is employed by the Company or an Affiliate.

         "EXCLUDED TRANSACTION":  A Covered Transaction in which

         (i) the shares of common stock of the Company or the voting securities
of the Company entitled to vote generally in the election of directors are
acquired directly from the Company; or

         (ii) the shares of common stock of the Company or the voting securities
of the Company entitled to vote generally in the election of directors are
acquired by any employee benefit plan (or related trust) sponsored or maintained
by the Company or any corporation controlled by the Company; or

         (iii) (a) the beneficial owners of the outstanding shares of common
stock of the Company, and of the securities of the Company entitled to vote
generally in the election of directors, immediately prior to such transaction
beneficially own, directly or indirectly, in substantially the same proportions
immediately following such transaction more than 50% of the outstanding shares
of common stock and of the combined voting power of the then outstanding voting
securities entitled to vote generally in the election of directors of the
corporation (including, without limitation, a corporation which as a result of
such transaction owns the Company or all or substantially all of the Company's
assets either directly or through one or more subsidiaries) resulting from such
transaction excluding such ownership as existed prior to the transaction and (b)
at least a majority of the members of the board of directors of the corporation
resulting from such transaction were members of the board of directors at the
time of the execution of the initial agreement, or of the action of the Board,
authorizing such transaction.

         "ISO": A Stock Option intended to be an "incentive stock option" within
the meaning of Section 422 of the Code.

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         "PARTICIPANT": An Employee, director or other person providing services
to the Company or its Affiliates who is granted an Award under the Plan.

         "PERFORMANCE AWARD":  An Award subject to Performance Criteria.

         "PERFORMANCE CRITERIA": Specified criteria the satisfaction of which is
a condition for the exercisability, vesting or full enjoyment of an Award. For
purposes of Performance Awards that are intended to qualify for the
performance-based compensation exception under Section 162(m), a Performance
Criterion shall mean an objectively determinable measure of performance relating
to any of the following (determined either on a consolidated basis or, as the
context permits, on a divisional, subsidiary, line of business, project or
geographical basis or in combinations thereof): (i) sales; revenues; assets;
liabilities; costs; expenses; earnings before or after deduction for all or any
portion of interest, taxes, depreciation, amortization or other items, whether
or not on a continuing operations or an aggregate or per share basis; return on
equity, investment, capital or assets; one or more operating ratios; borrowing
levels, leverage ratios or credit rating; market share; capital expenditures;
cash flow; working capital requirements; stock price; stockholder return; sales,
contribution or gross margin, of particular products or services; particular
operating or financial ratios; customer acquisition, expansion and retention; or
any combination of the foregoing; or (ii) acquisitions and divestitures (in
whole or in part); joint ventures and strategic alliances; spin-offs, split-ups
and the like; reorganizations; recapitalizations, restructurings, financings
(issuance of debt or equity) and refinancings; transactions that would
constitute a change of control; or any combination of the foregoing. A
Performance Criterion measure and targets with respect thereto determined by the
Administrator need not be based upon an increase, a positive or improved result
or avoidance of loss.

         "PLAN": The Charles River Laboratories International, Inc. 2000
Incentive Plan as from time to time amended and in effect.

         "RESTRICTED STOCK": An Award of Stock subject to restrictions requiring
that such Stock be redelivered to the Company if specified conditions are not
satisfied.

         "SECTION 162(m)": Section 162(m) of the Code.

         "SARS": Rights entitling the holder upon exercise to receive cash or
Stock, as the Administrator determines, equal to a function (determined by the
Administrator using such factors as it deems appropriate) of the amount by which
the Stock has appreciated in value since the date of the Award.

         "STOCK": Common Stock of the Company.

         "STOCK OPTIONS": Options entitling the recipient to acquire shares of
Stock upon payment of the exercise price.

         "UNRESTRICTED STOCK": An Award of Stock not subject to any restrictions
under the Plan.

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                                                                   Exhibit 10.15

                 CHARLES RIVER LABORATORIES INTERNATIONAL, INC.

                            2000 DIRECTORS STOCK PLAN

         SECTION 1. PURPOSE. The purpose of this plan (the "Plan") is to
strengthen the commonality of interest between independent directors and
stockholders of Charles River Laboratories International, Inc. ("Charles River")
by providing for the grant to eligible directors of options to purchase shares
of the common stock, $0.01 par value (the "Stock"), of Charles River. Charles
River believes that the granting of such options will serve to enhance its
ability to attract and retain highly qualified directors, to provide additional
incentives to them and to encourage the highest level of performance by them by
offering them a proprietary interest in Charles Rivers.

         SECTION 2. EFFECTIVE DATE. The Plan was adopted by the Board of
Directors of Charles River (the "Board") on June 5, 2000 and approved by the
stockholders of Charles River on June ___, 2000.

         SECTION 3. STOCK COVERED BY THE PLAN. Subject to adjustment as provided
for in Section 8, the aggregate number of shares of Stock which may be issued
and sold pursuant to options granted under the Plan shall not exceed 100,000
shares. Shares of Stock issued under the Plan may be either authorized but
unissued shares or treasury shares. If any option granted under the Plan
terminates or expires without being fully exercised, the shares which have not
been purchased thereunder will again become available for purposes of the Plan.

         SECTION 4. ADMINISTRATION. The Plan will be administered by the Board
or its delegates (the "Administrator"), whose construction and interpretation of
the terms and provisions of the Plan and of options under the Plan shall be
final and conclusive. No person serving as (or as part of) the Administrator
shall be liable for any action or determination hereunder made in good faith.

         SECTION 5. OPTION GRANTS.

         (a) FORMULA OPTION GRANTS. For purposes of the Plan, an individual is
an "Eligible Director" if he or she (i) is a member of the Board, and (ii) is
neither (A) an employee or officer of Charles River or any of its subsidiaries
nor (B) an employee or officer of, or a consultant to, Donaldson Lufkin &
Jenrette ("DLJ") or Bausch & Lomb Incorporated ("B&L") or any affiliate of DLJ
or B&L, including, without limitation, Global Health Care Partners Inc. and DLJ

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Merchant Banking Inc. Each Eligible Director shall be automatically granted
an option (the "Initial Award") to purchase 20,000 shares of Stock (subject
to adjustment as provided in Section 8 hereof) on the date that he or she is
first elected or named a director of Charles River; PROVIDED, that in the
case of any individual who first becomes a director prior to and in
connection with the consummation of the Charles River's initial public
offering (the "IPO"), the Initial Award shall be deemed to have been made
immediately prior to the initial public offering; and PROVIDED FURTHER, that
any Eligible Director may decline any grant under this Section 5(a). On the
day of each annual meeting of stockholders (beginning with the annual meeting
first occurring after the IPO), immediately prior to the meeting, each
Eligible Director who served during the preceding year shall be awarded an
option (an "Annual Award") to purchase 4,000 shares of Stock (subject to
adjustment as provided in Section 8 hereof) (prorated if the Eligible
Director did not serve for the entire preceding year). The options awarded
under this Section 5(a) are referred to herein as "Formula Options."

         (b) DISCRETIONARY OPTION GRANTS. The Administrator shall also have the
authority under this Plan to award options to purchase Stock to Eligible
Directors in such amounts and on such terms not inconsistent with this Plan as
it shall determine at the time of the award. The options awarded under this
Section 5(b) are referred to herein as "Discretionary Options."

         SECTION 6. OPTION PRICE. The price per share at which each Formula
Option granted under the Plan to an Eligible Director may be exercised shall be
the fair market value of a share of Stock at the time of grant of the option.
For Options granted other than in connection with the IPO, such fair market
value shall be deemed to equal the last sale price, regular way, with respect to
the Stock subject to the option on the business day immediately preceding the
date of grant, or, in case no such sale takes place on such business day, the
average of the closing bid and asked prices, regular way, with respect to such
Stock, in either case as reported in the principal consolidated transaction
reporting system with respect to securities listed or admitted to trading on the
New York Stock Exchange; or, if such Stock is not listed or admitted to trading
on the New York Stock Exchange, as reported in the principal consolidated
transaction reporting system with respect to securities listed on the principal
national securities exchange on which such Stock is listed or admitted to
trading; or, if such Stock is not listed or admitted to trading, the last quoted
price with respect to such Stock, or, if not so quoted, the average of the high
bid and low asked prices in the over-the-counter market with respect to such
Stock, as reported by the National Association of Securities Dealers, Inc.
Automated Quotation System or such other similar system then in use; or, if on
any such date such Stock is not quoted by any such organization, the average of
the closing bid and asked prices with respect to such Stock, as

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furnished by a professional market maker making a market in such Stock selected
by the Board of Directors in good faith; or, if no such market maker is
available, the fair market value of such Stock as of such business day as
determined in good faith by the Board of Directors. In connection with Initial
Awards immediately prior to the IPO, fair market value shall be deemed to be the
IPO price. The price per share at which each Discretionary Option granted under
the Plan to an Eligible Director may be exercised shall be set by the
Administrator. The price per share at which an option may be exercised is
referred to herein as the "Option Price."

         SECTION 7. TERMS AND CONDITIONS OF OPTIONS. Each option granted under
the Plan shall be evidenced by and subject to the terms and conditions of an
option agreement, certificate or other document in a form approved by the
Administrator (the "Option Document"). Each Option Document shall contain
(expressly or by incorporation) the following terms and conditions:

                      (a)  EXERCISE OF OPTIONS. Subject to subsection (e) below,

                                    (i) each Formula Option shall expire five
                           (5) years from the date of grant of such option and
                           shall be fully exercisable, prior to such expiration
                           date (with respect to Formula Options, the "Final
                           Exercise Date"), on the earlier of the first
                           anniversary of the date of grant or the business day
                           prior to the date of Charles River's next annual
                           meeting after the date of grant of such option; and

                                    (ii) each Discretionary Option shall expire
                           on the date specified by the Administrator, up to ten
                           (10) years from the date of grant of such option, and
                           shall be exercisable, prior to such expiration date
                           (with respect to Discretionary Options, the "Final
                           Exercise Date"), in full or in cumulative
                           installments, at such time or times as the
                           Administrator shall determine.

                      (b)  PAYMENT. An option may be exercised from time to
         time, in whole or in part, during the period that it is exercisable, by
         payment of the Option Price of each share purchased, in cash, or by
         delivery to the Charles River of a number of shares of unrestricted
         Stock (provided that any shares acquired directly from Charles River
         shall have been held by the Eligible Director for at least 6 months
         before such delivery) having an aggregate fair market value equal to
         the aggregate Option Price. Payment of the Option Price may also be
         made by the delivery of an unconditional and irrevocable

                                      -3-
<PAGE>

         undertaking by a broker acceptable to the Administrator to deliver
         promptly to Charles River sufficient funds to pay the Option Price.

                      (c) TRANSFER RESTRICTIONS. The shares of Stock issued upon
         exercise of an option granted under the Plan shall be acquired for
         investment and may not be distributed unless there shall be an
         effective registration statement under the Securities Act of 1933, as
         amended (the "1933 Act"), with respect to such Stock. In the event that
         Charles River, upon the advice of counsel, deems it necessary or
         desirable to list shares to be issued pursuant to the Plan on a
         national securities exchange or to register under the 1933 Act or other
         applicable federal or state statute any shares to be issued pursuant to
         the Plan, or to qualify any such shares for exemption from the
         registration requirements of the 1933 Act under the Rules and
         Regulations of the Securities and Exchange Commission or for similar
         exemption under state law, then Charles River shall notify each
         Eligible Director to that effect and no shares of Stock subject to an
         option shall be issued until such registration, listing or exemption
         has been obtained. Charles River shall make prompt application for any
         such registration, listing or exemption pursuant to federal or state
         law or rules of such securities exchange which it deems necessary and
         shall make reasonable efforts to cause such registration, listing or
         exemption to become and remain effective.

                      (d) NON-TRANSFERABILITY. Unless the Option Document
         provides otherwise, options granted under the Plan shall not be
         transferable by the optionee other than by will or by the laws of
         descent and distribution.

                      (e) TERMINATION OF DIRECTORSHIP.

                                    (1) DEATH. Each option held by the Eligible
                  Director shall become exercisable immediately upon such
                  Eligible Director's death by the Eligible Director's executor
                  or administrator or by the person or persons to whom the
                  option is transferred by will or the applicable laws of
                  descent and distribution, at any time within the one-year
                  period beginning with the date of the Eligible Director's
                  death but in no event beyond the Final Exercise Date. All
                  options held by a participant that are not exercised within
                  such one-year period shall terminate at the end of such
                  period.

                                    (2) OTHER TERMINATION OF STATUS OF DIRECTOR.
                  If a director's service with Charles River as a director
                  terminates for any reason other than death, all options held
                  by the director that are not then exercisable shall terminate.
                  Options

                                      -4-
<PAGE>

                  that are exercisable on the date of termination shall continue
                  to be exercisable for a period of three months (but in no
                  event after the Final Exercise Date) and shall then terminate.

         SECTION 8. ADJUSTMENT PROVISIONS.

                  (a) RECAPITALIZATIONS. In the event of a stock dividend, stock
         split or combination of shares, recapitalization or other change in
         Charles River's capital structure after Charles River's IPO, the
         Administrator will make appropriate adjustments to the maximum number
         of shares that may be delivered under the Plan under Section 3, and
         will also make appropriate adjustments to the number and kind of shares
         of stock or securities subject to options then outstanding or
         subsequently granted, any exercise prices relating to options and any
         other provision of options affected by such change. The Administrator
         may also make adjustments of the type described in the preceding
         sentence to take into account distributions to common stockholders
         other than those provided for such sentence (or in Section 8(b)), or
         any other event, if the Administrator determines that adjustments are
         appropriate to avoid distortion in the operation of the Plan and to
         preserve the value of options made hereunder. References in the Plan to
         shares of Stock shall be construed to include any stock or securities
         resulting from an adjustment pursuant to this subsection. For the
         avoidance of doubt, the share numbers described in Section 3(a) and
         Section 5(a) are intended to reflect the increased number of shares
         resulting from the share exchange approved on June 6, 2000;
         accordingly, no further adjustment in those share numbers shall be made
         under this Section 8 solely to reflect such exchange.

                  (b) MERGERS, ETC. In the event of a consolidation or merger in
         which Charles River is not the surviving corporation or which results
         in the acquisition of substantially all of the outstanding Stock of
         Charles River by a single person or entity or by a group of persons
         and/or entities acting in concert, or in the event of the sale or
         transfer of substantially all of Charles River's assets, all
         outstanding options shall immediately vest and become exercisable. In
         the event of a consolidation, merger or sale of assets, the Board may
         provide for substitute or replacement awards from, or the assumption of
         awards by, the acquiring or surviving entity or its affiliates on such
         terms as the Board determines.

         SECTION 9. AMENDMENT OF THE PLAN. The Board may at any time amend or
discontinue the Plan and the Administrator may at any time amend or cancel any
outstanding

                                      -5-
<PAGE>

option for the purpose of satisfying changes in law or for any other lawful
purpose, but no such action shall adversely affect rights under any outstanding
option without the holder's consent.

         SECTION 10. LIMITATION OF RIGHTS. Nothing in the Plan or in any Option
Document shall confer upon any Eligible Director the right to continue as a
director of the Charles River.

         SECTION 11. NOTICE. Any written notice to the Charles River required by
any of the provisions of the Plan shall be addressed to the Chairman of the
Board of Charles River and shall become effective when it is received.

         SECTION 12. EFFECTIVE DATE AND DURATION OF THE PLAN. The Plan shall
become effective upon approval by the shareholders of Charles River. Amendments
to the Plan shall become effective when adopted by the Board. Unless earlier
terminated pursuant to Section 9, the Plan shall terminate upon the date on
which all shares available for issuance under the Plan shall have been issued
pursuant to the exercise of options granted under the Plan.

                                      -6-

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