Document:

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                                                                    EXHIBIT 4(d)

                          ALARIS MEDICAL SYSTEMS, INC.

                     NON-EMPLOYEE DIRECTOR STOCK OPTION PLAN

SECTION 1.  NAME

The name of this Plan, effective as of May 22, 2002, is the Non-Employee
Director Stock Option Plan. This Plan is a continuation, and amendment and
restatement, of the Third Amended and Restated 1990 Non-Qualified Stock Option
Plan for Non-Employee Directors, as amended effective April 17, 2000.

SECTION 2.  DEFINITIONS

For the purposes of the Plan, the following terms shall be defined as set forth
below:

         (a) "Board" means the board of directors of the Company.

         (b) "Code" means the Internal Revenue Code of 1986, as amended from
time to time, and the Treasury regulations promulgated thereunder.

         (c) "Committee" means the committee appointed by the Board to
administer the Plan as provided in Section 4(a).

         (d) "Common Stock" means the $.01 par value common stock of the Company
or any security of the Company identified by the Committee as having been issued
in substitution or exchange therefor or in lieu thereof.

         (e) "Company" means ALARIS Medical Systems, Inc., a Delaware
corporation.

         (f) "Effective Date" means September 7, 1990.

         (g) "Employee" means an individual whose wages are subject to the
withholding of federal income tax under Section 3401 of the Code.

         (h) "Exchange Act" means the Securities Exchange Act of 1934, as
amended from time to time, or any successor statute.

         (i) "Fair Market Value" of a Share as of a specified date means, except
as otherwise reasonably determined by the Committee based on reported prices of
a Share, (i) the average of the highest and lowest market prices of a Share on
such date as reported in the American Stock Exchange (or the principal exchange
on which the Shares are then traded) composite transactions published in the
Eastern Edition of The Wall Street Journal or, if no trading of Common Stock is
reported for that day, the next preceding day on which trading was reported, or
(ii) if the Shares are traded in the over-the-counter market, the average of the
highest bid and lowest asked prices per Share on the specified date (or the next
preceding date on which trading was reported) as reported through the NASDAQ
system or any successor thereto. "Non-Employee Director" means an individual
who: (i) is now, or hereafter becomes, a member of the Board; (ii) is neither an
Employee nor an Officer (other than an officer who does not receive a salary as
an officer) of the Company or of any Subsidiary on the date of the grant of the
NQSO; and (iii) has not elected to decline to participate in the Plan pursuant
to the next succeeding sentence. A director otherwise eligible to participate in
the Plan may make an irrevocable, one-time election, by written notice to the
Corporate Secretary of the Company and the Chairman of the Committee within
thirty days after his initial election or appointment to the Board to decline to
participate in the Plan.

         (k) "NQSO" means an option granted under this Plan, which option is not
qualified under Section 422 of the Code.

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         (l) "Officer" means an individual elected or appointed by the Board or
by the board of directors of a Subsidiary, or chosen in such other manner as may
be prescribed by the by-laws of the Company or a Subsidiary, as the case may be,
to serve as such.

         (m) "Participant" means a Non-Employee Director who is granted a NQSO
under the Plan.

         (n) "Plan" means this Non-Employee Director Stock Option Plan, as
amended from time to time.

         (o) "Retainer" means the fixed fee payable to a Non-Employee Director
in effect on the first day of each calendar quarter for which such fee is
payable for services to be rendered as a Non-Employee Director during such
calendar quarter, excluding meeting fees.

         (p) "Rule 16b-3" means Rule 16b-3 promulgated by the Securities and
Exchange Commission under the Exchange Act, or any successor or replacement rule
adopted by the Securities and Exchange Commission.

         (q) "Share" means one share of Common Stock, adjusted in accordance
with Section 9(b), if applicable.

         (r) "Stock Option Agreement" means the written agreement between the
Company and the Participant that contains the terms and conditions pertaining to
the NQSO.

         (s) "Subsidiary" means any corporation or entity of which the Company,
directly or indirectly, is the beneficial owner of fifty percent (50%) or more
of the total combined voting power of all classes of its stock having voting
power, unless the Committee shall determine that any such corporation or entity
shall be excluded hereunder from the definition of the term Subsidiary.

SECTION 3.  PURPOSE

The purpose of the Plan is to enable the Company to provide incentives, which
are linked directly to increases in stockholder value, to Non-Employee Directors
in order that they will be encouraged to serve on the Board and exert their best
efforts on behalf of the Company.

SECTION 4.  ADMINISTRATION

         (a) Composition of the Committee

The Plan shall be administered by a Committee appointed by the Board consisting
of no less than two individuals. Members of the Committee need not be members of
the Board, Officers or Employees of the Company. Members of the Committee shall
not be entitled to participate in the Plan. The Board may from time to time
remove members from, or add members to, the Committee. Vacancies on the
Committee, however caused, shall be filled by the Board.

         (b) Actions by the Committee

The Committee shall hold meetings at such times and places as it may determine.
Acts approved by a majority of the members of the Committee present at a meeting
at which a quorum is present, or acts reduced to or approved in writing by a
majority of the members of the Committee, shall be the valid acts of the
Committee.

         (c) Powers of the Committee

The Committee shall have the authority to administer the Plan in its sole and
absolute discretion; PROVIDED, HOWEVER, that the Committee shall have no
authority to grant NQSOs, to determine the number of Shares subject to NQSOs or
the price at which each Share covered by a NQSO may be purchased pursuant to the
Plan, all of which shall be automatic as described in Section 8. To this end,

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the Committee is authorized to construe and interpret the Plan and to make all
other determinations necessary or advisable for the administration of the Plan.
Subject to the foregoing, any determination, decision or action of the Committee
in connection with the construction, interpretation, administration or
application of the Plan shall be final, conclusive and binding upon all
Participants and any person validly claiming under or through a Participant.

         (d) Liability of Committee Members

No member of the Board or the Committee will be liable for any action or
determination made in good faith by the Board or the Committee with respect to
the Plan or any grant or exercise of a NQSO thereunder.

         (e) NQSO Accounts

The Company will maintain a separate account record for each Participant.
Whenever NQSOs are granted to or exercised by a Participant, the Participant's
account shall be appropriately credited or debited. Appropriate adjustment shall
also be made with respect to each account in the event of an adjustment pursuant
to Section 9(b).

SECTION 5.  EFFECTIVE DATE AND TERM OF THE PLAN

         (a) Effective Date of the Plan

The Plan in its original form was adopted by the Board on July 12, 1990, and
became effective on September 7, 1990. The Plan was subsequently amended several
times, with each such amendment approved by the stockholders of the Company, and
the last such amendment becoming effective April 17, 2000. The Plan, as set
forth in this amendment and restatement, was adopted by the Board on February
26, 2002, to become effective as of May 22, 2002, subject to approval by the
stockholders of the Company at a meeting duly called and held within twelve
months following the date of Board approval.

         (b) Term of the Plan

No NQSO shall be granted pursuant to the Plan on or after May 22, 2007, but
NQSOs granted before then may extend beyond that date.

SECTION 6.  SHARES SUBJECT TO THE PLAN

The maximum aggregate number of Shares which may be subject to NQSOs granted to
Non-Employee Directors under the Plan during its term shall be 1,000,000. The
limitation on the number of Shares which may be subject to NQSOs under the Plan
shall be subject to adjustment as provided in Section 9(b). If any NQSO granted
under the Plan expires or is terminated for any reason without having been
exercised in full, the Shares allocable to the unexercised portion of such NQSO
shall again become available for grant pursuant to the Plan. At all times during
the term of the Plan, the Company shall reserve and keep available for issuance
such number of Shares as the Company is obligated to issue upon the exercise of
all then outstanding NQSOs.

SECTION 7.  SOURCE OF SHARES ISSUED UNDER THE PLAN

Common Stock issued under the Plan may consist, in whole or in part, of
authorized and unissued Shares or treasury Shares, as determined in the sole and
absolute discretion of the Committee. No fractional Shares shall be issued under
the Plan.

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SECTION 8.  NON-QUALIFIED STOCK OPTION

         (a) Grant of NQSOs

An individual who first becomes a Non-Employee Director on or after May 22,
2002, shall be granted automatically NQSOs to purchase 20,000 Shares on the next
succeeding business day after becoming a Non-Employee Director. In addition, (i)
NQSOs to purchase 20,000 Shares shall be granted automatically to each
Non-Employee Director on each anniversary date of his preceding automatic NQSO
grant (the "Anniversary Date") under the Plan and every year thereafter during
the term of the Plan, provided that said Non-Employee Director continues to be a
member of the Board on the date of each such additional grant; and (ii) any
Non-Employee Director who had an Anniversary Date that occurred on or after
January 1, 2002 and before May 22, 2002, with respect to which the Non-Employee
Director received an automatic grant of NQSOs to purchase 10,000 Shares, shall
be granted automatically NQSOs to purchase 10,000 Shares on the next succeeding
business day after May 22, 2002. NQSOs shall be granted in the aforesaid manner
until the date on which the Shares available for grant shall no longer be
sufficient to permit grants of NQSOs covering 20,000 Shares to be made to each
Non-Employee Director entitled to a grant as of such date, in which event the
Shares then available for grant shall be allocated on a PRO RATA basis among the
Non-Employee Directors entitled to a grant of NQSOs as of such date.

         (b) Exercise Price

The price at which each Share covered by a NQSO may be purchased pursuant to
this Plan shall be equal to the Fair Market Value of a Share on the date of the
NQSO grant.

         (c) Terms and Conditions

All NQSOs granted pursuant to the Plan shall be evidenced by a Stock Option
Agreement (which need not be the same for each Participant or NQSO), approved by
the Committee which shall be subject to the following express terms and
conditions and to the other terms and conditions specified in this Section 8,
and to such other terms and conditions as shall be determined by the Committee
in its sole and absolute discretion which are not inconsistent with the terms of
the Plan:

                  (i) except as set forth in Sections 8(a) and 10, all NQSOs
granted to a Participant shall vest and become first exercisable at the rate of
one-third of the Shares subject to the NQSOs for each twelve month period of
continuous service on the Board (from the date of grant of the NQSO) by such
Participant, rounded down to the nearest whole number for each of the first two
twelve month periods and rounded up to the nearest whole number for the third
twelve month period of service;

                  (ii) the failure of a NQSO to vest for any reason whatsoever
shall cause the NQSO to expire and be of no further force or effect;

                  (iii) unless terminated earlier pursuant to Sections 8(f) or
10, the term of each NQSO granted on or after May 22, 2002 shall be ten years
from the date of grant;

                  (iv) no NQSO or interest therein may be pledged, hypothecated,
encumbered or otherwise made subject to execution, attachment or similar
process, and no NQSO or interest therein shall be assignable or transferable by
the holder otherwise than by will or by the laws of descent and distribution or
to a beneficiary upon the death of a Participant, and an NQSO shall be
exercisable during the lifetime of the holder only by him or by his guardian or
legal representative, except that a NQSO may be transferred to one or more
transferees during the lifetime of the Participant, and may be exercised by such
transferee in accordance with the terms of such NQSO, subject to any terms and
conditions which the Committee may impose thereon. A transferee or other person
claiming any rights under the Plan from or through any Participant shall be
subject to all terms and conditions of the Plan and any Stock Option Agreement
applicable to such Participant, except as otherwise determined by the Committee,
and to any additional terms and conditions deemed necessary or appropriate by
the Committee; and

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         (v) payment for the Shares to be received upon exercise of a NQSO may
be made in cash or in Shares (determined with reference to their Fair Market
Value on the date of exercise), or any combination thereof.

         (d) Additional Means of Payment

Any Stock Option Agreement may, in the sole and absolute discretion of the
Committee, permit payment by any other form of legal consideration consistent
with applicable law and any rules and regulations relating thereto, including,
but not limited to, the execution and delivery of a full recourse promissory
note by the Participant to the Company.

         (e) Exercise

The holder of a NQSO may exercise the same by filing with the Corporate
Secretary of the Company a written election, in such form as the Committee may
determine, specifying the number of Shares with respect to which such NQSO is
being exercised. Such notice shall be accompanied by payment in full of the
exercise price for such Shares. Notwithstanding the foregoing, the Committee may
specify a reasonable minimum number of Shares that may be purchased on any
exercise of an Option, provided that such minimum number will not prevent the
Participant from exercising the Option with respect to the full number of Shares
as to which the Option is then exercisable.

         (f) Termination of NQSOs.

NQSOs granted under the Plan shall be subject to the following events of
termination:

                  (i) in the event a Participant is removed from the Board for
cause, all unexercised NQSOs held by such Participant on the date of such
removal (whether or not vested) will expire immediately;

                  (ii) in the event a Participant is no longer a member of the
Board, other than by reason of removal for cause, all NQSOs which remain
unvested at the time the Participant is no longer a member of the Board shall
expire immediately, and all NQSOs which have vested prior to such time shall
expire twelve months thereafter unless by their terms they expire sooner; and

                  (iii) in the event a Participant becomes an Officer or
Employee of the Company or a Subsidiary (whether or not such Participant remains
a member of the Board) all NQSOs which remain unvested on the date such
Participant becomes an Officer or Employee of the Company shall expire
immediately, and all NQSOs which have vested prior to such date shall expire
twelve months thereafter unless by their terms they expire sooner.

SECTION 9.  RECAPITALIZATION

         (a) Corporate Flexibility

The existence of the Plan and the NQSOs granted hereunder shall not affect or
restrict in any way the right or power of the Board or the stockholders of the
Company, in their sole and absolute discretion, to make, authorize or consummate
any adjustment, recapitalization, reorganization or other change in the
Company's capital structure or its business, any merger or consolidation of the
Company, any issue of bonds, debentures, common stock, preferred or prior
preference stocks ahead of or affecting the Company's capital stock or the
rights thereof, the dissolution or liquidation of the Company or any sale or
transfer of all or any part of its assets or business, or any other grant of
rights, issuance of securities, transaction, corporate act or proceeding and
notwithstanding the fact that any such activity, proceeding, action, transaction
or other event may have, or be expected to have, an impact (whether positive or
negative) on the value of any NQSO or underlying Shares.

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         (b) Adjustments Upon Changes in Capitalization

Except as otherwise provided in Section 10 below, in the event of any change in
capitalization affecting the Common Stock of the Company, such as a stock
dividend, stock split or recapitalization, the Committee shall make
proportionate adjustments with respect to: (i) the aggregate number of Shares
available for issuance under the Plan; (ii) the number of shares subject to each
grant under the Plan; (iii) the number and exercise price of Shares subject to
outstanding NQSOs; and (iv) such other matters as shall be appropriate in light
of the circumstances; PROVIDED, HOWEVER, that the number of Shares subject to
any NQSO shall always be a whole number.

SECTION 10.  CHANGES OF CONTROL

In the event of a Change of Control (as defined below), all NQSOs not vested on
or prior to the effective time of any such Change of Control shall vest
immediately prior to such effective time. Unless otherwise determined by the
Committee at the time of a Change of Control, in the event of a Change of
Control all outstanding NQSOs shall terminate and cease to be outstanding
immediately following the Change of Control; PROVIDED, HOWEVER, that no such
NQSO termination shall occur unless a Participant shall have been given five
business days, following prior written notice, to exercise such Participant's
outstanding vested NQSOs at the effective time of the Change of Control, or to
receive cash in an amount per Share subject to such NQSOs equal to the amount by
which the price paid for a Share (determined on a fully diluted basis and taking
into account the exercise price, as determined by the Committee) in the Change
of Control exceeds the per share exercise price of such NQSOs. The Committee in
its discretion may make provisions for the assumption of outstanding NQSOs, or
the substitution for outstanding NQSOs of new incentive awards covering the
stock of a successor corporation or a parent or subsidiary thereof, with
appropriate adjustments as to the number and kind of shares and prices so as to
prevent dilution or enlargement of rights.

A "Change of Control" will be deemed to occur on the date any of the following
events occur:

         (a) any person or persons acting together which would constitute a
"group" for purposes of Section 13(d) of the Exchange Act (other than the
Company, any Subsidiary and Jeffry M. Picower (including, any of his Affiliates
and any lineal descendant of Mr. Picower, any widow or then current spouse of
Mr. Picower or of any such lineal descendant, a trust established principally
for the benefit of any of the foregoing, any entity which is at least 90%
beneficially owned by any of the foregoing, and the executor, administrator or
personal representative of the estate of any of the foregoing (the "Picower
Group"))) beneficially own (as defined in Rule 13d-3 under the Exchange Act),
directly or indirectly, securities of the Company or any Significant Subsidiary
(as defined below) representing greater than 10% of the total combined voting
power of the Company or the Significant Subsidiary entitled to vote in the
election of the board of directors of the Company or the Significant Subsidiary;
PROVIDED, HOWEVER, that such event shall not constitute a Change of Control
unless and until the combined voting power of such securities owned
beneficially, directly or indirectly, by such person or persons is greater than
the combined voting power of all such securities owned beneficially, directly or
indirectly, by Mr. Picower and the Picower Group;

         (b) persons other than the Current Directors (as herein defined)
constitute a majority of the members of the Board (for these purposes, a
"Current Director" means any member of the Board as of May 1, 1997, and any
successor of any such member whose election, or nomination for election by the
Company's stockholders, was approved by at least a majority of the Current
Directors then on the Board or by Mr. Picower or the Picower Group);

         (c) the consummation of (i) a plan of liquidation of all or
substantially all of the assets of the Company or any Subsidiary owning directly
or indirectly all or substantially all of the consolidated assets of the Company
(a "Significant Subsidiary"), or (ii) an agreement providing for the merger or
consolidation of the Company or a Significant Subsidiary (A) in which the
Company or a Significant Subsidiary is not the continuing or surviving
corporation (other than a consolidation or merger with a wholly-owned subsidiary
of the Company in which all Shares of the Company or common stock in the
Significant

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Subsidiary outstanding immediately prior to the effectiveness thereof are
changed into or exchanged for all or substantially all of the common stock of
the surviving corporation and (if the Company ceases to exist) the surviving
corporation assumes all the NQSO, or (B) pursuant to which, even though the
Company is the continuing or surviving corporation, the Shares of the Company or
common stock in the Significant Subsidiary are converted into cash, securities
or other property; PROVIDED, HOWEVER, that no "Change of Control" shall be
deemed to occur as the result of a consolidation or merger of the Company or a
Significant Subsidiary in which the holders of the Shares of the Company
immediately prior to the consolidation or merger have, as a result thereof,
directly or indirectly, at least a majority of the combined voting power of all
classes of voting stock of the continuing or surviving corporation or its parent
immediately after such consolidation or merger or in which the Board immediately
prior to the merger or consolidation would, immediately after the merger or
consolidation, constitute a majority of the board of directors of the continuing
or surviving corporation or its parent; or

         (d) the consummation of an agreement (or agreements) providing for the
sale or other disposition (in one transaction or a series of transactions) of
all or substantially all of the assets of the Company or a Significant
Subsidiary other than such a sale or disposition immediately after which such
assets will be owned directly or indirectly by the stockholders of the Company
in substantially the same proportions as their ownership of the Shares
immediately prior to such sale or disposition.

SECTION 11.  SECURITIES LAW REQUIREMENTS

No Shares shall be issued under the Plan unless and until: (i) the Company and
the Participant have taken all actions required to register the Shares under the
Securities Act of 1933, as amended, or perfect an exemption from the
registration requirements thereof; (ii) any applicable listing requirement of
any stock exchange or national market system on which the Common Stock is listed
has been satisfied; and (iii) any other applicable provision of state or federal
law has been satisfied. The Company shall be under no obligation to register the
Shares with the Securities and Exchange Commission or to effect compliance with
the registration or qualification requirements of any state securities laws or
stock exchange.

SECTION 12.  AMENDMENT AND TERMINATION

         (a) Modifications to the Plan

The Board may, insofar as permitted by law, from time to time, with respect to
any Shares at the time not subject to NQSOs, suspend or terminate the Plan or,
subject to Sections 8(a) and 8(b), revise or amend the Plan in any respect
whatsoever. However, any revision or amendment that would cause the Plan to fail
to comply with any requirement of applicable law or regulation if such amendment
were not approved by the stockholders of the Company shall not be effective
unless and until such approval is obtained.

         (b) Rights of Participant

No amendment, suspension or termination of the Plan or of any NQSO that would
adversely affect the right of any Participant with respect to a NQSO previously
granted under the Plan will be effective without the written consent of the
affected Participant.

SECTION 13.  MISCELLANEOUS

         (a) Stockholders' Rights

No Participant and no beneficiary or other person claiming under or through such
Participant shall acquire any rights as a stockholder of the Company by virtue
of such Participant having been granted a NQSO under the Plan. No Participant
and no beneficiary or other person claiming under or through such Participant
will have any right, title or interest in or to any Shares allocated or reserved
under the Plan or subject to any NQSO, except as to Shares, if any, that have
been issued or transferred to such Participant. No adjustment shall be made for
dividends or distributions or other rights for which the record date is prior to
the date of exercise.

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         (b) Other Compensation Arrangements

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

         (c) Treatment of Proceeds

Proceeds realized from the exercise of NQSOs under the Plan shall constitute
general funds of the Company.

         (d) Costs of the Plan

The costs and expenses of administering the Plan shall be borne by the Company.

         (e) No Right to Continue as Director

Nothing contained in the Plan or in any instrument executed pursuant to the Plan
will confer upon any Participant any right to continue as a member of the Board
or affect the right of the Company, the Board or the stockholders of the Company
to terminate the directorship of any Participant at any time with or without
cause.

         (f) Severability

The provisions of the Plan shall be deemed severable and the validity or
unenforceability of any provision shall not affect the validity or
enforceability of the other provisions hereof.

         (g) Governing Law

The Plan and all actions taken thereunder shall be enforced, governed and
construed by and interpreted under the laws of the State of Delaware applicable
to contracts made and to be performed wholly within such State without giving
effect to the principles of conflict of laws thereof.

         (h) Headings

The headings contained in this Plan are for reference purposes only and shall
not affect in any way the meaning or interpretation of this Plan.

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                                                                    EXHIBIT 4(e)

                          ALARIS MEDICAL SYSTEMS, INC.
                            2004 STOCK INCENTIVE PLAN

1.    ESTABLISHMENT, PURPOSE AND TYPES OF AWARDS.

ALARIS Medical Systems, Inc., a Delaware corporation (the "COMPANY"), hereby
establishes the ALARIS Medical Systems, Inc. 2004 Stock Incentive Plan (the
"2004 PLAN").

The purpose of the 2004 Plan is to promote the long-term growth and
profitability of the Company by (i) providing key people with incentives to
improve stockholder value and to contribute to the growth and financial success
of the Company through their future services and (ii) enabling the Company to
attract, retain and reward the best-available persons.

The 2004 Plan permits the granting of stock options (including incentive stock
options qualifying under Code section 422 ("ISOs") and nonstatutory stock
options ("NQSOs"), stock appreciation rights, restricted or unrestricted stock
awards, phantom stock, performance awards, other stock-based awards or any
combination of the foregoing.

2.    DEFINITIONS.

Under the 2004 Plan, the following definitions apply:

      (a) "ADMINISTRATOR" means the Board or the committee(s) of the Board or
officer(s) appointed by the Board that have authority to administer the 2004
Plan as provided in Section 3 hereof.

      (b) "AFFILIATE" means any entity, whether now or hereafter existing, which
controls, is controlled by, or is under common control with, the Company
(including, without limitation, joint ventures, limited liability companies, and
partnerships). For this purpose, "control" shall mean ownership of 50% or more
of the total combined voting power or value of all classes of stock or interests
of the entity.

      (c) "AWARD" means any stock option, stock appreciation right, stock award,
phantom stock award, performance award, or other stock-based award.

      (d) "AWARD AGREEMENT" means a written document memorializing the terms and
conditions of an Award granted pursuant to the 2004 Plan and which shall
incorporate the terms of the 2004 Plan.

      (e) "BOARD" means the board of directors of the Company.

      (f) "CAUSE" as applied to any Grantee means, unless otherwise defined in
the Grantee's employment or service agreement: (i) the conviction of such
Grantee for the commission of any felony; (ii) the commission by such Grantee of
any crime involving moral turpitude (e.g., larceny, embezzlement) which results
in harm to the business, reputation, prospects or financial condition of the
Company or any Affiliate; or (iii) the willful neglect, failure or refusal of
such individual to carry out his duties, which results in harm to the business,
reputation, prospects or financial condition of the Company, or any Affiliate,
which neglect, failure or refusal continues for a period of ten (10) consecutive
business days following notice thereof, or ten (10) cumulative business days
following successive notices thereof, to such individual from the Company;
provided, however, that such willful neglect, failure or refusal is not due to
the death or disability (i.e., as a result of an injury or sickness such
individual is rendered unable to perform his duties as an officer, employee,
consultant or independent contractor, as the case may be, on a full-time basis
for an extended period) of such individual or illness leading to the death or
disability of such individual.

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      (g) "CHANGE OF CONTROL" means the occurrence of any of the following:

            (i) the direct or indirect sale, transfer, conveyance or other
disposition (other than by way of merger or consolidation or by way of the
granting of liens or security interests), in one or a series of related
transactions, of all or substantially all of the properties or assets of the
Company taken as a whole to any "person" (as that term is used in Section 13(d)
of the Exchange Act) other than the Principal Stockholder and his Related
Parties;

            (ii) the adoption of a plan relating to the liquidation or
dissolution of the Company;

            (iii) the consummation of any transaction (including, without
limitation, any merger or consolidation) the result of which is that any
"person" (as defined above), other than the Principal Stockholder and his
Related Parties, becomes the Beneficial Owner, directly or indirectly, of more
than 50% of the Common Stock, measured by voting power rather than number of
shares;

            (iv) the Company consolidates with, or merges with or into, any
Person, or any Person consolidates with, or merges with or into, the Company, in
any such event pursuant to a transaction in which the outstanding Common Stock
or the common stock of such other Person is converted into or exchanged for
cash, securities or other property, other than any such transaction where the
Common Stock outstanding immediately prior to such transaction is converted into
or exchanged for common stock of the surviving or transferee Person constituting
a majority of the outstanding shares of such common stock of such surviving or
transferee Person (immediately after giving effect to such issuance); or

            (v) on the first day a majority of the members of the Board are not
Continuing Directors.

For purposes of this Section 2(g): (A) "BENEFICIAL OWNER" has the meaning in
Rule 13d-3 under the Exchange Act; (B) "CONTINUING DIRECTOR" means any member of
the Board who: (i) was a member of the Board as of the effective date of the
2004 Plan; (ii) was nominated for election or elected to the Board with the
approval of a majority of the Continuing Directors who were members of the Board
at the time of such nomination or election; or (iii) became a member of the
Board as a result of the actions of the Principal Stockholder or a Related
Party; provided that at the time the Principal Stockholder or a Related Party
took any such action, the Principal Stockholder or a Related Party was the
Beneficial Owner of more than 50% of the Common Stock; (C) "PERSON" means any
individual, corporation, partnership, joint venture, association, joint-stock
company, trust, unincorporated organization, limited liability company or
government or other entity; (D) "PRINCIPAL STOCKHOLDER" means Jeffry M. Picower;
and (E) "RELATED PARTY" means: (i) any spouse or immediate family member of the
Principal Stockholder; or (ii) any trust, corporation, partnership or other
entity, the beneficiaries, stockholders, partners, owners or Persons
beneficially holding an 80% or more controlling interest of which consist of the
Principal Stockholder and/or such other Persons referred to in the immediately
preceding clause (i).

      (h) "CODE" means the Internal Revenue Code of 1986, as amended, and any
regulations promulgated thereunder.

      (i) "COMMON STOCK" means shares of common stock of the Company, $.01 par
value per share.

      (j) "EXCHANGE ACT" means the Securities Act of 1934, as amended.

      (k) "FAIR MARKET VALUE" means, with respect to a share of Common Stock for
any purpose on a particular date, the value determined by the Administrator in
good faith. If the Common Stock is registered under Section 12(b) or 12(g) of
the Exchange Act, and listed for trading on a national exchange or market, "Fair
Market Value" means, as applicable, either: (i) the closing price or the average
of the high and low sale price on the relevant date, as determined in the
Administrator's discretion, quoted on the New York Stock Exchange or such other
national exchange or market on which the Common Stock is then listed; or (ii) in
the absence of such listing on a national exchange or market, as determined in
good faith by the Administrator. If no public trading of the Common Stock occurs
on the relevant date but the Common Stock is still so listed, then Fair Market
Value shall be determined as of the next preceding date on which trading of the
Common Stock does occur. For all purposes under the 2004 Plan, the term
"RELEVANT DATE" as used in this Section 2(i) means either the date as of which
Fair Market Value is to be determined or the

                                       2
<PAGE>

next preceding date on which public trading of the Common Stock occurred, as
determined in the Administrator's discretion.

      (l) "GRANTEE" means an individual who is granted an Award under the 2004
Plan.

      (m) "PERFORMANCE MEASURES" means one or more of the following business
criteria, as determined by the Administrator: (i) earnings before interest,
taxes, depreciation and amortization; (ii) revenues; (iii) net income; (iv)
sales; (v) operating earnings or income; (vi) earnings per share; (vii) cash
flow; (viii) cash usage; (ix) absolute and/or relative return on equity or
assets; (x) pre-tax profits; (xi) earnings growth; (xii) sales growth; (xiii)
comparison to peer companies; (xiv) market share benchmarks or growth; (xv)
share price benchmarks or growth; (xvi) organizational development activities;
(xvii) product quality and reliability measures; (xviii) strategic initiatives;
(xix) risk control; (xx) any combination of the foregoing; or (xxi) such other
appropriate stockholder-approved measures of performance, including individual
measures of performance.

3.    ADMINISTRATION.

      (a) ADMINISTRATION OF THE 2004 PLAN. The 2004 Plan shall be administered
by the Board or by such committee(s) of the Board as may be appointed by the
Board from time to time. To the extent allowed by applicable law, the Board by
resolution may authorize an officer or officers to grant Awards (other than
stock Awards) to other officers and employees of the Company and its Affiliates,
and, to the extent of such authorization, such officer or officers shall be the
Administrator. To the extent allowed by applicable law, the Administrator may
delegate administrative functions to certain committees and individuals as
appropriate for the effective administration of the 2004 Plan.

      (b) POWERS OF THE ADMINISTRATOR. The Administrator shall have all the
powers vested in it by the terms of the 2004 Plan, such powers to include
authority, in its sole and absolute discretion, to grant Awards under the 2004
Plan, prescribe Award Agreements evidencing and establishing the terms of such
Awards and establish programs for granting Awards. The Administrator shall have
full power and authority to take all other actions necessary to carry out the
purpose and intent of the 2004 Plan, including, without limitation, the
authority to:

            (i) determine the eligible persons to whom, and the time or times at
which, Awards may be granted;

            (ii) determine the types of Awards to be granted;

            (iii) determine the number of shares to be covered by or used for
reference purposes for each Award;

            (iv) impose such terms, limitations, restrictions and conditions
upon any such Award as the Administrator shall deem appropriate;

            (v) modify, amend, extend or renew outstanding Awards, or accept the
surrender of outstanding Awards and substitute new Awards (provided, however,
that except as provided in Sections 6 or 7(c) of the 2004 Plan, any modification
that would materially adversely affect any outstanding Award shall not be made
without the consent of the holder);

            (vi) accelerate or otherwise change the time in which an Award may
be exercised or becomes payable and to waive or accelerate the lapse, in whole
or in part, of any restriction or condition with respect to such Award,
including, without limitation, any restriction or condition with respect to the
vesting or exercisability of an Award following termination of any Grantee's
employment or other relationship with the Company; provided, however, that no
such waiver or acceleration of lapse restrictions shall be made with respect to
a performance-based stock Award granted to an executive officer of the Company
if such waiver or acceleration is inconsistent with Code section 162(m);

            (vii) establish objectives and conditions, if any, for earning
Awards and determining whether Awards will be paid after the end of a
performance period; and

                                       3
<PAGE>

            (viii) for any purpose, including, without limitation, qualifying
for preferred tax treatment under foreign tax laws or otherwise complying with
the regulatory requirements of local or foreign jurisdictions, to establish
sub-plans as the Administrator may determine to be necessary in order to
implement and administer the 2004 Plan or a sub-plan in foreign countries, and
to take any and all other actions it deems necessary or advisable for the proper
administration of the 2004 Plan or a sub-plan, including, without limitation,
amending, modifying, administering or terminating such sub-plans as the
Administrator may determine to be necessary and prescribing, amending and
rescinding rules and regulations relating to such sub-plans.

The Administrator shall have full power and authority, in its sole and absolute
discretion, to administer, construe and interpret the 2004 Plan and Award
agreements and to make all other determinations necessary or advisable for the
administration of the 2004 Plan, Award Agreements and all other documents
relevant to the 2004 Plan and Awards issued thereunder, and to adopt and
interpret such rules, regulations, agreements, guidelines and instruments for
the administration of the 2004 Plan.

      (c) NON-UNIFORM DETERMINATIONS. The Administrator's determinations under
the 2004 Plan (including, without limitation, determinations of the persons to
receive Awards, the form, amount and timing of such Awards, the terms and
provisions of such Awards and the Award Agreements evidencing such Awards) need
not be uniform and may be made by the Administrator selectively among persons
who receive, or are eligible to receive, Awards, whether or not such persons are
similarly situated.

      (d) LIMITED LIABILITY. To the maximum extent permitted by law, no member
of the Administrator shall be liable for any action taken or decision made in
good faith relating to all their activities under the 2004 Plan.

      (e) INDEMNIFICATION. To the maximum extent permitted by law and by the
Company's charter and bylaws, the members of the Administrator shall be
indemnified by the Company for all their activities under the 2004 Plan.

      (f) EFFECT OF ADMINISTRATOR'S DECISION. All actions taken, and decisions
and determinations made, by the Administrator on all matters relating to the
2004 Plan pursuant to the powers vested in it hereunder shall be in the
Administrator's sole and absolute discretion and shall be final, conclusive and
binding on all parties concerned, including the Company, its stockholders, any
Grantee and any other employee (including any employee-director) or consultant
of the Company, and their respective successors in interest.

4.    SHARES AVAILABLE; MAXIMUM AWARDS.

The shares of Common Stock subject to the 2004 Plan shall be unissued shares or
reacquired shares, bought on the open market or otherwise. Subject to adjustment
as provided in Section 7(c), the number of shares of Common Stock that may be
issued pursuant to Awards shall not exceed the sum of: (i) 1,500,000 shares of
Common Stock; and (ii) the number of shares of Common Stock, if any: (a)
available for future grant under the 1996 Stock Option Plan (the "1996 Plan") as
of the date of the Company's 2004 annual meeting of stockholders; (b) underlying
grants under the 1996 Plan that are forfeited, canceled, expire, become
unexercisable or settled in cash without delivery of shares of Common Stock; (c)
withheld to pay the exercise price or to satisfy withholding taxes in connection
with any grant under the 1996 Plan; or (d) tendered, either actually or through
attestation, to pay the exercise price of any Award under the 2004 Plan or any
grant under the 1996 Plan or to satisfy withholding taxes in connection with any
such Award or grant. The Company shall reserve such number of shares of Common
Stock for Awards.

Subject to adjustment as provided in Section 7(c): (i) the maximum number of
shares of Common Stock that may be issued pursuant to Awards intended to be
"incentive stock options" within the meaning of Code section 422 shall not
exceed 9,600,000; and (ii) the maximum number of shares of Common Stock that may
be issued pursuant to any combination of Awards that may be granted during any
one calendar year to any one individual is 1,000,000. Such per-individual limit
shall not be adjusted to effect a

                                       4
<PAGE>

restoration of shares of Common Stock with respect to which the related Award is
terminated, surrendered or canceled.

Any shares of Common Stock covered by an Award (or portion of an Award) that are
forfeited or canceled, become unexercisable, expire or are settled in cash,
including the settlement of withholding taxes or payment of the exercise price
by withholding shares of Common Stock, and any shares of Common Stock that are
forfeited back to the Company after delivery because of the failure to meet an
Award contingency or condition in connection with any Award, shall be deemed to
have not been delivered for purposes of determining the number of shares
available for issuance under the 2004 Plan and shall be available for further
Awards.

5.    PARTICIPATION.

Participation in the 2004 Plan: (i) shall be open to all employees (including
employee-directors), officers and other individuals rendering substantial
services as a consultant or independent contractor to the Company or any
Affiliate, as may be selected by the Administrator from time to time; and (ii)
shall not be open to non-employee directors. The Administrator may also grant
Awards to individuals in connection with hiring, retention or otherwise, prior
to the date the individual first performs services for the Company or an
Affiliate, provided that such Awards shall not become vested or exercisable
prior to the date the individual first commences performance of such services.

6.    AWARDS.

The Administrator, in its sole discretion, establishes the terms of all Awards
granted under the 2004 Plan. Awards may be granted individually or in tandem
with other types of Awards, concurrently with or without respect to outstanding
Awards. All Awards are subject to the terms and conditions provided in the Award
Agreement. The Administrator may permit or require a Grantee to defer receipt of
the payment of cash or the delivery of Common Stock that would otherwise be due
to such Grantee by virtue of the exercise of, payment of, or lapse or waiver of
restrictions respecting, any Award. If any such payment deferral is required or
permitted, the Administrator shall, in its sole discretion, establish rules and
procedures for such payment deferrals.

      (a) STOCK OPTIONS. The Administrator may from time to time grant to
eligible participants Awards of ISOs or NQSOs; provided, however, that Awards of
ISOs shall be limited to employees of the Company or of any current or hereafter
existing "parent corporation" or "subsidiary corporation" of the Company as
defined in Code sections 424(e) and (f), respectively, and any other individuals
who are eligible to receive ISOs under Code section 422. Stock options intended
to qualify as ISOs under Code section 422 must have an exercise price at least
equal to Fair Market Value as of the date of grant, but NQSOs may be granted
with an exercise price less than Fair Market Value. No stock option shall be an
ISO unless so designated by the Administrator at the time of grant or in the
Award Agreement evidencing such stock option. To the extent the aggregate Fair
Market Value (determined at the time of grant) of Common Stock with respect to
which ISOs are exercisable for the first time by a Grantee during any calendar
year exceeds the statutory limit, the ISOs or portions thereof which exceed such
limit (according to the order in which they were granted) shall be treated as
NQSOs.

      (b) STOCK APPRECIATION RIGHTS. The Administrator may from time to time
grant to eligible participants Awards of Stock Appreciation Rights ("SAR"). A
SAR entitles the Grantee to receive, subject to the provisions of the 2004 Plan
and the Award Agreement, a payment having an aggregate value equal to the
product of (i) the excess of (A) the Fair Market Value on the exercise date of
one share of Common Stock over (B) the base price per share specified in the
Award Agreement, times (ii) the number of shares specified by the SAR, or
portion thereof, which is exercised. If upon settlement of the exercise of a SAR
a Grantee is to receive a portion of such payment in shares of Common Stock, the
number of shares shall be determined by dividing such portion by the Fair Market
Value of a share of Common Stock on the exercise date. No fractional shares
shall be used for such payment and the Administrator shall determine whether
cash shall be given in lieu of such fractional shares or whether such fractional
shares shall be eliminated.

                                       5
<PAGE>

      (c) STOCK AWARDS.

            (i) The Administrator may from time to time grant unrestricted or
restricted stock Awards to eligible participants in such amounts, on such terms
and conditions, and for such consideration, including no consideration or such
minimum consideration as may be required by law, as it shall determine. A stock
Award may be denominated in Common Stock or other securities, stock-equivalent
units (commonly referred to as phantom stock), securities or debentures
convertible into Common Stock, or any combination of the foregoing, and may be
paid in Common Stock or other securities, in cash, or in a combination of Common
Stock or other securities and cash, all as determined in the sole discretion of
the Administrator.

            (ii) The Administrator may grant stock Awards in a manner
constituting "qualified performance-based compensation" within the meaning of
Code section 162(m). The grant of, or lapse of restrictions with respect to,
such performance-based stock awards shall be based upon one or more Performance
Measures and objective performance targets to be attained relative to those
Performance Measures, all as determined by the Administrator. The Administrator,
in its sole discretion, may make adjustments in the method of calculating
attainment of Performance Measures and/or performance targets and/or modify the
performance results upon which Awards are based (in each such case, due to:
changes in tax laws, generally accepted accounting principles and/or accounting
policies; restatement of prior period financial results; or any other matter
which is unusual, non-recurring or creates unintended results that obtain or
arise from events not anticipated when the Performance Measures and performance
targets were established; so long as, in each case, all compensation awarded
hereunder remains "qualified performance-based compensation" under Code section
162(m).

7.    OTHER GOVERNING PROVISIONS.

      (a) AWARD TERMS. All Awards granted shall be evidenced by an Award
Agreement (which need not be the same for each Grantee), approved by the
Administrator which shall incorporate the following express terms and conditions
and such other terms and conditions as are set forth in the 2004 Plan, and such
other terms and conditions as shall be determined by the Administrator in its
sole and absolute discretion which are not inconsistent with the terms of the
2004 Plan:

            (i) Unless terminated earlier, the term of any Award shall be
specified in the Award Agreement but shall be no greater than ten (10) years
from the date of grant;

            (ii) The Administrator shall have the discretion to accelerate
vesting upon termination of employment of a Grantee or upon such other event as
it deems appropriate;

            (iii) No Award or interest therein may be pledged, hypothecated,
encumbered or otherwise made subject to execution, attachment or similar
process, and no Award or interest therein shall be assignable or transferable by
the holder otherwise than by will or by the laws of descent and distribution or
to a beneficiary upon the death of a Grantee, and an Award shall be exercisable
during the lifetime of the holder only by the Grantee or by his or her guardian
or legal representative, except that an Award (other than an ISO) may be
transferred to one or more transferees during the lifetime of the Grantee, and
may be exercised by such transferee in accordance with the terms of such Award,
but only if and to the extent such transfers are permitted by the Administrator
pursuant to the express terms of the Award Agreement. A transferee or other
person claiming any rights under the 2004 Plan from or through any Grantee shall
be subject to all terms and conditions of the 2004 Plan and any Award Agreement
applicable, except as otherwise determined by the Administrator; and

            (iv) Awards may be granted to eligible participants for no
consideration or such minimum consideration as may be required by law, as the
Administrator shall determine in its sole discretion. As determined in the sole
discretion of the Administrator, Award Agreements may permit payment by cash,
Common Stock, any combination of cash and Common Stock or any other form of
legal consideration consistent with applicable law, including the execution and
delivery of a full recourse promissory note to the Company by Grantees who are
neither executive officers nor directors of the Company.

                                       6
<PAGE>

      (b) TAX LIABILITY AND WITHHOLDING. Grantees and holders of Awards shall
pay to the Company, in a manner satisfactory to the Administrator, any taxes
(including any foreign and social taxes) required to be withheld in respect of
Awards no later than the date of the event creating the tax liability. The
Company may, to the extent permitted by law, deduct any such tax obligations
from any payment of any kind otherwise due to the Grantee or holder of an Award.
In the event that payment to the Company of such tax obligations is made in
shares of Common Stock, such shares shall be valued at Fair Market Value on the
applicable date for such purposes and shall not exceed in amount the minimum
statutory tax withholding obligation.

      (c) ADJUSTMENTS FOR CORPORATE TRANSACTIONS AND OTHER EVENTS.

            (i) STOCK DIVIDEND, STOCK SPLIT AND REVERSE STOCK SPLIT. In the
event of a stock dividend of, or stock split or reverse stock split affecting,
the Common Stock, then (A) the maximum number of shares of Common Stock subject
to the 2004 Plan pursuant to Section 4, the maximum number of shares of Common
Stock available for issuance as ISOs pursuant to Section 4 and the maximum
number of shares of Common Stock that may be granted during any one calendar
year to any Grantee pursuant to Section 4 and (B) the number of shares covered
by and the exercise price and other terms of outstanding Awards, shall, without
further action of the Board, be adjusted to reflect such event. The
Administrator may make adjustments, in its discretion, to address the treatment
of fractional shares and fractional cents that arise with respect to outstanding
Awards as a result of the stock dividend, stock split or reverse stock split.

            (ii) NON-CHANGE OF CONTROL TRANSACTIONS. Except with respect to the
transactions set forth in Section 7(c)(i), in the event of any change affecting
the Common Stock, the Company or its capitalization, by reason of a spin-off,
split-up, dividend, recapitalization, merger, consolidation or share exchange,
other than any such change that is part of a transaction resulting in a Change
of Control of the Company, the Administrator, in its discretion and without the
consent of the holders of Awards, may make: (A) appropriate adjustments to the
maximum number and kind of shares reserved for issuance or with respect to which
Awards may be granted under the 2004 Plan, in the aggregate and with respect to
any individual during any one calendar year of the Company, as provided in
Section 4 of the 2004 Plan; and (B) any adjustments in outstanding Awards,
including, without limitation, modifying the number, kind and price of
securities subject to Awards.

            (iii) CHANGE OF CONTROL TRANSACTIONS. In the event of any
transaction resulting in a Change of Control of the Company:

                  (A) Unless otherwise determined by the Administrator at the
time of award or by amendment with the Grantee's consent, all Awards not vested
on or prior to the effective time of any such Change of Control shall vest
immediately prior to such effective time.

                  (B) Unless otherwise determined by the Administrator in the
Award Agreement or at the time of the Change of Control, outstanding stock
options and other Awards that are payable in or convertible into Common Stock
under the 2004 Plan will terminate upon the effective time of such Change of
Control unless provision is made in connection with the transaction for the
continuation or assumption of such Awards by, or for the substitution of the
equivalent awards of, the surviving or successor entity or a parent thereof. The
outstanding stock options and other Awards that will terminate upon the
effective time of the Change of Control shall become fully vested immediately
before the effective time of the Change of Control, and, the holders of stock
options and other Awards under the 2004 Plan will be permitted, immediately
before the Change of Control, to exercise or convert all portions of such stock
options or other Awards under the 2004 Plan that are then exercisable or
convertible, or which become exercisable or convertible, upon or prior to the
effective time of the Change of Control; provided, however, that no such Award
termination shall occur unless a Grantee shall have been given five (5) business
days, following prior written notice, to exercise such Grantee's outstanding
vested Awards at the effective time of the Change of Control, or at the
discretion of the Administrator to receive cash in an amount per share of Common
Stock subject to such Award equal to the amount by which the Award (determined
on a fully

                                       7
<PAGE>

diluted basis and taking into account the exercise price, as determined by the
Administrator) in the Change of Control exceeds the per share exercise price of
such Award.

                  (C) The Administrator, in its sole and absolute discretion,
may make such additional provisions for the assumption of outstanding Awards, or
the substitution for outstanding Awards of new incentive Awards covering the
stock of a successor corporation or a parent or subsidiary thereof, with
appropriate adjustments as to the number and kind of shares and prices so as to
prevent dilution or enlargement of rights.

            (iv) UNUSUAL OR NONRECURRING EVENTS. The Administrator is authorized
to make, in its discretion and without the consent of holders of Awards,
adjustments in the terms and conditions of, and the criteria included in, Awards
in recognition of unusual or nonrecurring events affecting the Company, or the
financial statements of the Company or any Affiliate, or of changes in
applicable laws, regulations or accounting principles, whenever the
Administrator determines that such adjustments are appropriate in order to
prevent dilution or enlargement of the benefits or potential benefits intended
to be made available under the 2004 Plan.

      (d) SUBSTITUTION OF AWARDS IN MERGERS AND ACQUISITIONS. Awards may be
granted under the 2004 Plan from time to time in substitution for awards held by
employees, officers, consultants or directors of entities who become or are
about to become employees (including employee-directors), officers or
consultants of the Company or an Affiliate as the result of a merger or
consolidation of the employing entity with the Company or an Affiliate, or the
acquisition by the Company or an Affiliate of the assets or stock of the
employing entity. The terms and conditions of any substitute Awards so granted
may vary from the terms and conditions set forth herein to the extent that the
Administrator deems appropriate at the time of grant to conform the substitute
Awards to the provisions of the awards for which they are substituted.

      (e) TERMINATION, AMENDMENT AND MODIFICATION. The Board may terminate,
amend or modify the 2004 Plan or any portion thereof at any time. Except as
otherwise determined by the Board, termination of the 2004 Plan shall not affect
the Administrator's ability to exercise the powers granted to it hereunder with
respect to Awards granted under the 2004 Plan prior to the date of such
termination.

      (f) NON-GUARANTEE OF EMPLOYMENT OR SERVICE. Nothing in the 2004 Plan or in
any Award Agreement shall confer any right on an individual to continue in the
service of the Company or shall interfere in any way with the right of the
Company to terminate such service at any time, with or without cause or notice,
and whether or not such termination results in: (i) the failure of any Award to
vest; (ii) the forfeiture of any unvested or vested portion of any Award; and/or
(iii) any other adverse effect on the Grantee's interests under the 2004 Plan.

      (g) COMPLIANCE WITH SECURITIES LAWS; LISTING AND REGISTRATION. If at any
time the Administrator determines that the delivery of Common Stock under the
2004 Plan is or may be unlawful under the laws of any applicable jurisdiction,
or Federal, state or foreign securities laws, the right to exercise an Award or
receive shares of Common Stock pursuant to an Award shall be suspended until the
Administrator determines that such delivery is lawful. The Company shall have no
obligation to effect any registration or qualification of the Common Stock under
Federal, state or foreign laws.

      (h) NO TRUST OR FUND CREATED. Neither the 2004 Plan nor any Award shall
create or be construed to create a trust or separate fund of any kind or a
fiduciary relationship between the Company and a Grantee or any other person. To
the extent that any Grantee or other person acquires a right to receive payments
from the Company pursuant to an Award, such right shall be no greater than the
right of any unsecured general creditor of the Company.

      (i) GOVERNING LAW. The validity, construction and effect of the 2004 Plan,
Award Agreements, any rules, regulations, determinations or decisions made by
the Administrator relating to the 2004 Plan or Award Agreements and the rights
of any and all persons having or claiming to have any interest therein or
thereunder, shall be determined exclusively in accordance with applicable
federal laws and the laws of the State of Delaware, without regard to its
conflict of laws principles.

                                       8
<PAGE>

8.    EFFECTIVE DATE; TERMINATION DATE. The 2004 Plan is effective on the date
it is approved by the stockholders. No Award shall be granted under the 2004
Plan after the close of business on February 23, 2014. Subject to other
applicable provisions of the 2004 Plan, all Awards made under the 2004 Plan
prior to such termination of the 2004 Plan shall remain in effect until such
Awards have been satisfied or terminated in accordance with the 2004 Plan and
the terms of such Awards.

                                       9

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