Document:

Exhibit 10.43

                    EMPLOYMENT AGREEMENT (the “Agreement”), dated as of August 8, 2005, by and between LabOne, Inc. a Missouri corporation (the
“Company”), and W. THOMAS GRANT, II (“Executive”). 

                    WHEREAS, Quest Diagnostics, Inc., a Delaware corporation, (“Parent”), Fountain, Inc., a Missouri corporation and a wholly owned subsidiary of Parent
(“Purchaser”) and the Company have entered into an Agreement and Plan of Merger, dated as of August __, 2005 (the “Merger
Agreement”); 

                    WHEREAS, pursuant to the terms of the Merger Agreement, Parent and the Company will enter into a business combination transaction pursuant to which Purchaser will merge with and into the Company, with the Company being the
surviving corporation; 

                    WHEREAS, Executive is currently employed by the Company, pursuant to an Employment Agreement dated as of February 11, 2000 (the “Prior Agreement”); and

                    WHEREAS, subject to the consummation of the transactions contemplated by the Merger Agreement, the Company desires to employ Executive on a full-time basis and Executive desires to be so employed by the Company;

                    NOW, THEREFORE, in consideration of the premises and mutual covenants contained herein (including, without limitation, the Company’s employment of Executive and the advantages and benefits thereby inuring to Executive) and
for other good and valuable consideration, the receipt, adequacy and sufficiency of which are hereby acknowledged by each party hereto, the parties hereby agree as follows: 

          1.                      Effectiveness of Agreement and Employment of Executive. 

                    1.1          Effectiveness
of Agreement. This Agreement shall become effective
upon the  Closing (as defined in the Merger Agreement), and Executive’s
employment under this Agreement shall commence on the date of the Closing (the “Effective
Date”). In the event
that the Closing does not occur, this Agreement shall be null and void and shall
have no force and effect. 

                    1.2          Employment
by the Company. The Company hereby employs Executive
as Senior Vice  President and President, SolutionsOne and
Executive hereby accepts such employment with the Company as of the Effective
Date. Executive shall initially report to, and perform such duties and  services
for the Company and its subsidiaries and affiliates (such subsidiaries and affiliates,
collectively, “Affiliates”)
as may be designated from time to time by the Chairman  and Chief Executive Officer,
or such other person designated by the Company. During his employment, Executive
shall use his best and most diligent efforts to promote the interests of the
Company and its Affiliates, and shall devote all of his  business time and attention
to his employment under this Agreement. During his employment Executive shall
be subject to all policies, practices and procedures of the Company and the Parent
as in effect from time to 

time. Executive acknowledges that he shall be required to travel on business in connection with the performance of his duties hereunder. 

          2.                      Compensation and Benefits; Equity Awards.

                    2.1          (a)           Salary.
The Company shall pay Executive for services during his employment  under this
Agreement a base salary of no less than the annual rate of $365,000 (“Base
Salary”). Any and all increases to Executive’s
Base Salary shall be determined by the  Company, in its sole discretion. Such
Base Salary shall be payable in equal installments, no less frequently than monthly,
pursuant to the Company’s customary payroll policies in force at the time
of payment, less any required or authorized  payroll deductions. 

                    (b)          Sign-On
Bonus. As an inducement for Executive to accept
continued employment  with the Company and to enter into this Agreement, Executive
shall receive a bonus (the “Sign-On Bonus”)
in the amount of $150,000. The Sign-On Bonus shall be paid to Executive
as soon as practicable following the Effective Date.

                    (c)          Special
Annual Performance Bonus. For fiscal years 2006,
2007 and 2008  Executive shall be eligible for a special annual performance bonus
(the “Special Annual Performance
Bonus”). The Special
Annual Performance Bonus opportunity for target level performance for Executive
shall be $38,000, based on the achievement of performance metrics (as determined
by Parent) relating to the effective integration and growth of the business for
 which Executive is responsible. The Special Annual Performance Bonus shall be
prorated for any period of service less than a full calendar year during the
calendar year in which the Effective Date occurs. The Company shall pay the Special
Annual  Performance Bonus, if any, to Executive on the date on which bonuses
are paid to executives generally.

                    (d)          Quest
Diagnostics, Inc. Management Incentive Plan. For
each fiscal year during  the Employment Period (as defined below) commencing
on the later of (i) the Effective Date and (ii) 2006, Executive shall be eligible
for an annual bonus (an “Annual Bonus”)
 pursuant to the terms of the Quest Diagnostics, Inc., Management Incentive Plan,
as amended from time to time (the “MIP”).
The maximum Annual Bonus opportunity for Executive shall  be 100% of Base Salary.
The Annual Bonus shall be prorated for any period of service less than a full
calendar year during the calendar year in which the Effective Date occurs. The
Company shall pay the Annual Bonus, if any, to Executive on the date  on which
bonuses are paid to executives generally. After the Effective Date, during the
period prior to the date Executive commences participation in the MIP, Executive
shall continue to participate in the Company Management Incentive Compensation
 Program in accordance with the terms and conditions of such program.

                    (e)          Long
Term Incentive Plan. For each fiscal year during
the Employment Period  commencing on the later of (i) the Effective Date and
(ii) 2006, Executive shall be eligible to participate in Parent’s Employee
Long Term Incentive Plan, as amended from time to time (the “ELTIP”).
For fiscal year 2006 the Company shall recommend to the Compensation Committee
of the Board of Directors of Parent or its designee that it approve and grant
to Executive a nonqualified option  (the “Parent
Option”) to purchase 70,000 shares of Parent
common stock, par value $0.01 (the “Common
Stock”), which amount reflects the Common
Stock as adjusted pursuant to the two for one split of the Common Stock on June
20, 2005. The terms and conditions of the Parent Option, including, without limitation,
the vesting schedule

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shall be as set forth in the ELTIP and a stock option agreement to be entered into between Parent and Executive. For fiscal years thereafter, awards under the ELTIP, if any, shall be made at such times as awards are made to
executives generally.

                    (f)          Parent
Restricted Stock Award. The Company shall recommend
to the Compensation  Committee of the Board of Directors of Parent or its designee
that it approve and grant to Executive, effective as of the Effective Date, shares
of restricted stock of Parent (the “Parent
Restricted  Stock”) with a fair market value
(based on the closing price of the common stock of Parent on the Effective Date)
equal to $250,000. The Parent Restricted Stock shall vest and the restrictions
thereon lapse,  subject to Executive’s continued employment with the Company
or one of its Affiliates on the applicable dates, as follows: 25% of the Parent
Restricted Stock shall vest on the first anniversary of the date of grant, an
additional 25% of the  Parent Restricted Stock shall vest on the second anniversary
of the date of grant and the remaining 50% of the Parent Restricted Stock shall
vest on the third anniversary of the date of grant. The Parent Restricted Stock
shall be granted pursuant to  and subject to the terms of the ETLIP and a restricted
stock agreement to be entered into between Parent and Executive.

                    2.2          Benefits.
During the Employment Period, Executive shall be entitled to  participate, on
the same basis and at the same level as generally available to other similarly
situated executives of the Company, in any group insurance, hospitalization,
medical, health and accident, disability, fringe benefit, deferred  compensation
and tax-qualified retirement plans or programs of the Company now existing or
hereafter established to the extent that he is eligible under the general provisions
thereof. Executive shall be entitled to vacation time consistent with the  Company’s
policies. The date or dates of such vacations shall be selected by Executive
having reasonable regard to the business needs of the Company.

                    2.3          Expenses.
Pursuant to the Company’s customary policies in effect at the
time of payment, Executive shall be promptly reimbursed, against presentation
of vouchers or receipts therefor, for all authorized expenses properly and reasonably
incurred by Executive on behalf of the Company or any of its Affiliates in the
 performance of Executive’s duties hereunder.

          3.                      Employment Period. Executive’s employment under this Agreement shall
commence as of the Effective Date, and this Agreement shall terminate on the third anniversary thereof, unless terminated earlier in accordance with the terms of this Agreement (the “Employment
Period”). The term (the “Term”) of this Agreement shall continue until the end of the Employment Period. Thereafter Executive shall become an
“at will” employee of the Company. In the event Executive remains in the employ of the Company following the Term, Executive shall continue to be eligible to participate in the employee benefit plans and arrangements set forth in Section
2.2 of this Agreement.

          4.                      Termination Prior to the Third Anniversary of the Effective Date. In the event
Executive’s employment with the Company is terminated for any reason prior to the third anniversary of the Effective Date, the terms and conditions of such termination shall be governed by the provisions set forth in this Section 4.

                    4.1          Termination
by the Company for Cause. Executive’s employment
with the  Company may be terminated at any time by the Company for Cause. Upon
such a 

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termination, the Company shall have no obligation to Executive pursuant to this Agreement other than the payment of Executive’s earned and unpaid Base Salary to the date of such termination.

                    For purposes of this Agreement, the term “Cause” shall mean any of the following: 

	                    	
(i)	
Executive’s willful failure to perform his duties or Executive’s bad faith in connection with the performance of his duties, following written notice from the Chief Executive Officer of the Parent or his
designee detailing the specific acts and a 30-day period of time to remedy such failure;

  
	 
	 	
(ii)          	
Executive engaging in any misconduct, negligence, violence or threat of violence that is injurious to the Company or any of its Affiliates;

  
	 
	 	
(iii)	
Executive’s material breach of a policy of the Company or any of its Affiliates, which breach is not remedied (if susceptible to remedy) following written notice by the Chief Executive Officer of the Parent or
his designee detailing the specific breach and a 30-day period of time to remedy such breach;

  
	 
	 	
(iv)	
Any breach by Executive of this Agreement, which breach is not remedied (if susceptible to remedy) following written notice by the Chief Executive Officer of the Parent or his designee detailing the specific breach
and a 30- day period of time to remedy such breach; or

  
	 
	 	
(v)	
Executive’s commission of a felony in respect of a dishonest or fraudulent act or other crime of moral turpitude involving the Company or any of its Affiliates, or which could reflect negatively upon the
Company or any of its Affiliates or otherwise impair or impede its operations.

  

                    4.2          Termination
due to Death, Permanent Disability or by the Company
Without Cause. In
the event that Executive’s employment with the Company is terminated due
to death, Permanent Disability (as defined below) or by the Company without Cause,
in addition  to the payment of Executive’s earned and unpaid Base Salary
to the date of such termination, Executive shall receive a lump sum payment in
an amount equal to (X) $438,520
minus (Y) (the
sum of (i) the Sign-On Bonus payment and Special Annual Performance Bonus payments,
if any, made to Executive on or  prior to the date of termination, plus (ii)
the greater of the value, if any, as of (a) the date of such termination or (b)
the date of the sale of the Parent Restricted Stock award granted to Executive
pursuant to Section 2.1(f) of this Agreement  which has vested, and for which
the restrictions had lapsed, as of the date of such termination). In the event
of a termination by the Company without Cause or a termination due to Executive’s
Permanent Disability the payments set forth in this  Section 4.2 are subject
to (i) Executive’s execution and non-revocation of a waiver and release
of claims, in a form provided by the Company and (ii) his continued compliance
with the Restrictive Covenant Agreement (as defined  below).

                    For purposes of this Agreement, the term “Permanent Disability” shall mean: (i) Executive shall become ill, mentally or physically
disabled, or otherwise incapacitated so as to be unable regularly to perform the duties of his position for a period in excess of 90 consecutive 

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days or more than 180 days in any consecutive 12-month period, or (ii) a qualified independent physician determines that Executive is mentally or physically disabled so as to be unable to regularly perform the duties of his
position and such condition is expected to be of a permanent duration. 

                    4.3          Resignation
by Executive. Executive may voluntarily resign
from his employment  with the Company, provided that
Executive shall provide the Company with 60 days' advance written notice (which
notice requirement may be waived, in whole or in part, by the Company in its
 sole discretion) of his intent to resign. Upon such resignation, the Company
shall have no obligation other than the payment of Executive’s earned but
unpaid Base Salary to the effective date of such resignation.

                    4.4          (a)           Change
in Control. As of the Effective Date, Executive
shall be entitled to  participate in the Quest Diagnostics Executive Severance
Plan as it relates to any payments or benefits to be made to Executive in connection
with a change of control of Parent; provided,
however, that any
payments or benefits made to Executive pursuant to this Section 4.4(a) shall
not operate to duplicate any other payments or benefits to be made to Executive
pursuant to  Section 4 of this Agreement.

                    (b)         Limitation
on Payments. Notwithstanding anything in this Agreement
to the contrary, in the event it shall be determined that any payment  or distribution
or benefit received or to be received by Executive pursuant to the terms of this
Agreement or any other payment or distribution or benefit made or provided by
the Company or any of its Affiliates, to or for the benefit of Executive  (whether
pursuant to this Agreement or otherwise) constitute “parachute payments” within
the meaning of Section 280G of the Internal Revenue Code of 1986, as amended
(the “Code”)
and, but for this Section 4.4(b), would be subject to the excise tax imposed
by Section 4999 of the Code, the Company shall reduce the aggregate amount of
such payments and benefits such that the present value thereof (as  determined
under the Code and the applicable regulations) is equal to 2.99 times the Employee’s “base
amount” as defined in Section 280G(b)(3) of the Code. 

                      4.5         Section
409A. Notwithstanding anything in the foregoing
to the contrary, any lump sum payment forth in Section 4 of this Agreement shall
be deferred for six months  and one day following termination (i) if necessary
to comply with Section 409A of the Code or (ii) in the event such payment, as
determined in the sole discretion of the Company, could cause Executive to be
subject to interest and penalties under  Section 409A of the Code.

          5.                     Termination on or Following the Third Anniversary of the Effective Date. In the event Executive’s
employment with the Company is terminated for any reason on or following the third anniversary of the Effective Date, the terms and conditions of such termination shall be governed in accordance with the Quest Diagnostics, Inc., Executive Severance
Plan as in effect at the time of such termination of employment.

          6.                     Restrictive Covenants. Executive agrees that the effectiveness of this Agreement is contingent upon his
execution of, and delivery to the Company of, a restrictive covenant agreement (the “Restrictive Covenant Agreement”), which shall include provisions relating to non-competition,
non-solicitation of employees and customers, non-disclosure and 

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confidentially. The Restrictive Covenant Agreement shall be in substantially the same form provided by Quest Diagnostics, Inc., to its employees generally.

          7.                     Arbitration. Any dispute or controversy arising under or in connection with this Agreement or otherwise in
connection with Executive's employment by the Company that cannot be mutually resolved by the parties to this Agreement and their respective advisors and representatives shall be settled exclusively by arbitration in New York and in accordance with
the rules of the American Arbitration Association before one arbitrator of exemplary qualifications and stature, who shall be selected jointly by an individual to be designated by the Company and an individual to be selected by Executive, or if such
two individuals cannot agree on the selection of the arbitrator, who shall be selected by the American Arbitration Association.

          8.                     Notices. Any notice or communication given by either party hereto to the other shall be in writing and
personally delivered or mailed by registered or certified mail, return receipt requested, postage prepaid, to the following addresses: 

	 	
if to the Company:
  
	 	 

  
	 	
Quest Diagnostics, Inc.
  
	 	
1290 Wall Street West
  
	 	
Lyndhurst, New Jersey 07071
  
	 	
Facsimile No: (201) 559-2255
  
	 	
Attention: General Counsel
  
	 	 

  
	 	
With a copy to:
  
	 	 

  
	 	
Shearman & Sterling LLP
  
	 	
599 Lexington Avenue
  
	 	
New York, New York 10022
  
	 	
Facsimile No: (212) 848-7179
  
	 	
Attention:           Doreen
E. Lilienfeld, Esq. 
  
	 	 

  
	 	
if to Executive:
  
	 	 

  
	                    	
W. THOMAS GRANT, II
  
	 	
at the last known address on file with the Company.
  

                        Any notice shall be deemed given when actually delivered to
  such address, or two days after such notice has been mailed or sent by a recognized
  courier company, whichever
    comes earliest. Any person entitled to receive notice may
  designate in writing, by notice to the other, such other address to which notices
  to such person shall thereafter be sent.

          9.                    Miscellaneous.  

                    9.1        (a)          
Representations and Covenants.
In order to induce the Company to enter into this Agreement, Executive makes
the following representations and covenants to the

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Company and acknowledges that the Company is relying upon such representations and covenants: 

                    (b)         No
Agreements. No agreements or obligations exist
to which Executive is a party or otherwise bound, in writing or otherwise, that
in any  way interfere with, impede or preclude him from fulfilling all of the
terms and conditions of this Agreement.

                    (c)         Disclosure
of Information. Executive, during his employment,
shall use his best efforts to disclose to the Chief Executive Officer and  General
Counsel of Parent in writing or by other effective method any bona fide information
known by him and which he reasonably believes is not known to the Chief Executive
Officer and General Counsel of Parent, and which he reasonably believes  would
have any material negative impact on the Company or any of its Affiliates. 

                    9.2          Entire
Agreement. This Agreement contains the entire understanding
of the  parties in respect of their subject matter and supersede upon their effectiveness
all other prior agreements and understandings (including, without limitation,
the Prior Agreement) between the parties with respect to such subject matter.
This  Agreement shall also supersede the Merger Agreement to the extent of any
inconsistencies thereto. 

                    9.3          Amendment;
Waiver. This Agreement may not be amended, supplemented,
canceled or  discharged, except by written instrument executed by the party against
whom enforcement is sought. No failure to exercise, and no delay in exercising,
any right, power or privilege hereunder shall operate as a waiver thereof. No
waiver of any breach  of any provision of this Agreement shall be deemed to be
a waiver of any preceding or succeeding breach of the same or any other provision.
Notwithstanding the foregoing, the Company shall, in its sole discretion, amend
this Agreement to the extent  necessary or desirable to ensure that this Agreement
complies with Section 409A of the Code and that any payments or benefits under
this Agreement are not subject to interest and penalties under Section 409A of
the Code.

                    9.4          Binding
Effect; Assignment. The rights and obligations
of this Agreement shall  bind and inure to the benefit of any successor of the
Company by reorganization, merger or consolidation, or any assignee of all or
substantially all of the Company’s business and properties. The Company
may assign its rights and obligations  under this Agreement to any of its Affiliates
without the consent of Executive. Executive’s rights or obligations under
this Agreement may not be assigned by Executive.

                    9.5          Headings.
The headings contained in this Agreement are for reference purposes  only and
shall not affect the meaning or interpretation of this Agreement.

                    9.6          Governing
Law; Interpretation. This agreement and the terms
of Executive’s
employment shall be governed by the laws of New York.

                    9.7          Further
Assurances. Each of the parties agrees to execute,
acknowledge, deliver  and perform, and cause to be executed, acknowledged, delivered
and performed, at any time and from time to time, as the case may be, all such
further acts, deeds, assignments, transfers, conveyances, powers of attorney
and assurances as may be  reasonably necessary to carry out the provisions or
intent of this Agreement. 

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                    9.8          Severability.
The parties have carefully reviewed the provisions of this  Agreement, and agree
that they are fair and equitable. However, in light of the possibility of differing
interpretations of law and changes in circumstances, the parties agree that if
any one or more of the provisions of this Agreement shall be  determined by a
court of competent jurisdiction or an arbitrator to be invalid, void or unenforceable,
the remainder of the provisions of this Agreement shall, to the extent permitted
by law, remain in full force and effect and shall in no way be  affected, impaired
or invalidated. Moreover, if any of the provisions contained in this Agreement
are determined by a court of competent jurisdiction or arbitrator to be excessively
broad as to duration, activity, geographic application or subject,  it shall
be construed, by limiting or reducing it to the extent legally permitted, so
as to be enforceable to the extent compatible with then applicable law. 

                    9.9          Withholding
Taxes. All payments hereunder shall be subject
to any and all  applicable federal, state, local and foreign withholding taxes.

                    9.10        Counterparts.
This Agreement may be executed in one or more counterparts, which, together,
shall  constitute one and the same agreement. 

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

	 	
    LABONE, INC.  
	 	 
	 	 
	 	By: 	 

	 	 	 Name:
  
	 	 	 Title:
  
	 	 	 
	 	 	 
	 	
    EXECUTIVE  
	 	 	 
	 	 	 
	 	 

	 	
    W. THOMAS GRANT, II  

9-- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing

Exhibit 10.12

AMENDED AND RESTATED SIRIUS SATELLITE RADIO 

2003 LONG-TERM STOCK INCENTIVE PLAN 

     
 Section 1. Purpose. The purposes of this Amended and Restated Sirius Satellite Radio 2003 Long-Term Stock Incentive Plan are to promote the interests
of Sirius Satellite Radio Inc. and its stockholders by (i) attracting and retaining employees and directors of, and consultants to, the Company and its Affiliates, as defined below; (ii) motivating such individuals by means of performance-related
incentives to achieve longer-range performance goals; and (iii) enabling such individuals to participate in the long-term growth and financial success of the Company. 

       Section 2. Definitions. As used in the Plan, the following terms shall have the meanings set forth below:

        “Affiliate” shall mean any entity (i) that, directly or indirectly, is controlled by, controls or is under common control with, the Company or (ii) in which the Company has a significant equity interest, in
either case as determined by the Committee. 

        “Award” shall mean any Option, Stock Appreciation Right, Restricted Stock Award, Restricted Stock Unit Award, Performance Award, Other Stock-Based Award or Performance Compensation Award made or granted from time
to time hereunder. 

        “Award Agreement” shall mean any written agreement, contract, or other instrument or document evidencing any Award, which may, but need not, be executed or acknowledged by a Participant. 

       “Board” shall mean the Board of Directors of the Company.

        “Change of Control” shall mean the occurrence of any of the following: (i) the sale, lease, transfer, conveyance or other disposition, in one or a series of related transactions, of all or substantially all of
the assets of the Company to any “person” or “group” (as such terms are used in Sections 13(d)(3) and 14(d)(2) of the Exchange Act), (ii) any person or group is or becomes the “beneficial owner” (as defined in Rules
13d-3 and 13d-5 under the Exchange Act, except that a person shall be deemed to have “beneficial ownership” of all shares that any such person has the right to acquire, whether such right is exercisable immediately or only after the
passage of time), directly or indirectly, of more than 50% of the total voting power of the voting stock of the Company, including by way of merger, consolidation or otherwise or (iii) during any period of two consecutive years, individuals who at
the beginning of such period constituted the Board (together with any new directors whose election by such Board or whose nomination for election by the stockholders of the Company was approved by a vote of a majority of the directors of the
Company, then still in office, who were either directors at the beginning of such period or whose election or nomination for election was previously so approved) cease for any reason to constitute a majority of the Board, then in office. 

       “Code” shall mean the Internal Revenue Code of 1986, as amended from time to time.

        “Committee” shall mean a committee of the Board designated by the Board to administer the Plan and composed of not less than two directors, each of whom is required to be a “Non-Employee Director” (within the
meaning of Rule 16b-3) and an “outside director” (within the meaning of Section 162(m) of the Code) to the extent Rule 16b-3 and Section 162(m) of the Code, respectively, are applicable to the Company and the Plan. If at any time such a
committee has not been so designated, the Board shall constitute the Committee. 

       “Company” shall mean Sirius Satellite Radio Inc., together with any successor thereto.

       “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended. 

        “Fair Market Value” shall mean (i) with respect to any property other than Shares, the fair market value of such property determined by such methods or procedures as shall be established from time to time by the
Committee and (ii) with respect to the Shares, as of any date, (1) the mean between the high 

and low sales prices of the Shares on the Nasdaq Stock Market for such date (or if not then trading on the Nasdaq Stock Market, the mean between the high and low sales price of the Shares on the stock exchange or
over-the-counter market on which the Shares are principally trading on such date), or, if there were no sales on such date, on the closest preceding date on which there were sales of Shares or (2) in the event there shall be no public market for the
Shares on such date, the fair market value of the Shares as determined in good faith by the Committee. 

        “Incentive Stock Option” shall mean a right to purchase Shares from the Company that is granted under Section 6 of the Plan and that is intended to meet the requirements of Section 422 of the Code or any
successor provision thereto. 

        “Negative Discretion” shall mean the discretion authorized by the Plan to be applied by the Committee to eliminate or reduce the size of a Performance Compensation Award; provided that the exercise of such discretion would not cause the Performance Compensation Award to fail to qualify as “performance-based compensation” under Section 162(m) of the Code. By
way of example and not by way of limitation, in no event shall any discretionary authority granted to the Committee by the Plan including, but not limited to, Negative Discretion, be used to (a) grant or provide payment in respect of Performance
Compensation Awards for a Performance Period if the Performance Goals for such Performance Period have not been attained or (b) increase a Performance Compensation Award above the maximum amount payable under Section 4(a) or 11(d)(vi) of the Plan.
Notwithstanding anything herein to the contrary, in no event shall Negative Discretion be exercised by the Committee with respect to any Option or Stock Appreciation Right (other than an Option or Stock Appreciation Right that is intended to be a
Performance Compensation Award under Section 11 of the Plan). 

        “Non-Qualified Stock Option” shall mean a right to purchase Shares from the Company that is granted under Section 6 of the Plan and that is not intended to be an Incentive Stock Option. 

       “Option” shall mean an Incentive Stock Option or a Non-Qualified Stock Option. 

       “Other Stock-Based Award” shall mean any right granted under Section 10 of the Plan.

        “Participant” shall mean any employee of, or consultant to, the Company or its Affiliates, or non-employee director who is a member of the Board or the board of directors of an Affiliate, eligible for an Award
under Section 5 and selected by the Committee to receive an Award under the Plan. 

       “Performance Award” shall mean any right granted under Section 9 of the Plan.

        “Performance Compensation Award” shall mean any Award designated by the Committee as a Performance Compensation Award pursuant to Section 11 of the Plan. 

        “Performance Criteria” shall mean the criterion or criteria that the Committee shall select for purposes of establishing the Performance Goal(s) for a Performance Period with respect to any Performance
Compensation Award under the Plan. The Performance Criteria that will be used to establish the Performance Goal(s) shall be based on the attainment of specific levels of performance of the Company (or an Affiliate, division or operational unit of
the Company) and shall be limited to the following: return on net assets, return on shareholders' equity, return on assets, return on capital, shareholder returns, profit margin, earnings per Share, net earnings, operating earnings, earnings before
interest, taxes, depreciation and amortization, number of subscribers, growth of subscribers, operating expenses, capital expenses, subscriber acquisition costs, Share price or sales or market share. To the extent required under Section 162(m) of
the Code, the Committee shall, within the first 90 days of a Performance Period (or, if longer, within the maximum period allowed under Section 162(m) of the Code), define in an objective fashion the manner of calculating the Performance Criteria it
selects to use for such Performance Period. 

        “Performance Formula” shall mean, for a Performance Period, the one or more objective formulas applied against the relevant Performance Goal to determine, with regard to the Performance Compensation Award of a
particular Participant, whether all, some portion but less than all, or none of the Performance Compensation Award has been earned for the Performance Period. 

        “Performance Goals” shall mean, for a Performance Period, the one or more goals established by the Committee for the Performance Period based upon the Performance Criteria. The Committee is authorized at any time
during the first 90 days of a Performance Period, or at any time thereafter (but only to the extent the exercise of such authority after the first 90 days of a Performance Period would not cause the Performance Compensation Awards granted to any
Participant for the Performance Period to fail to qualify as 'performance-based compensation' under Section 162(m) of the Code), in its sole and absolute discretion, to adjust or modify the calculation of a Performance Goal for such Performance
Period to the extent permitted under Section 162(m) of the Code in order to prevent the dilution or enlargement of the rights of Participants, (a) in the event of, or in anticipation of, any unusual or extraordinary corporate item, transaction,
event or development affecting the Company; or (b) in recognition of, or in anticipation of, any other unusual or nonrecurring events affecting the Company, or the financial statements of the Company, or in response to, or in anticipation of,
changes in applicable laws, regulations, accounting principles, or business conditions. 

        “Performance Period” shall mean the one or more periods of time of at least one year in duration, as the Committee may select, over which the attainment of one or more Performance Goals will be measured for the
purpose of determining a Participant's right to and the payment of a Performance Compensation Award. 

        “Person” shall mean any individual, corporation, partnership, association, limited liability company, joint-stock company, trust, unincorporated organization, government or political subdivision thereof or other
entity. 

       “Plan” shall mean this Amended and Restated Sirius Satellite Radio 2003 Long-Term Stock Incentive Plan.

       “Restricted Stock” shall mean any Share granted under Section 8 of the Plan. 

       “Restricted Stock Unit” shall mean any unit granted under Section 8 of the Plan.

        “Rule 16b-3” shall mean Rule 16b-3 as promulgated and interpreted by the SEC under the Exchange Act, or any successor rule or regulation thereto as in effect from time to time. 

        “SEC” shall mean the Securities and Exchange Commission or any successor thereto and shall include the Staff thereof. 

        “Shares” shall mean the common stock of the Company, $.001 par value, or such other securities of the Company (i) into which such common stock shall be changed by reason of a recapitalization, merger,
consolidation, split-up, combination, exchange of shares or other similar transaction or (ii) as may be determined by the Committee pursuant to Section 4(b) of the Plan. 

       “Stock Appreciation Right” shall mean any right granted under Section 7 of the Plan.

       “Substitute Awards” shall have the meaning specified in Section 4(c) of the Plan. 

        Section 3. Administration. (a) The Plan shall be administered by the Committee. Subject to the terms of the Plan and applicable law, and in addition
to other express powers and authorizations conferred on the Committee by the Plan, the Committee shall have full power and authority to: (i) designate Participants; (ii) determine the type or types of Awards to be granted to a Participant and
designate those Awards which shall constitute Performance Compensation Awards; (iii) determine the number of Shares to be covered by, or with respect to which payments, rights, or other matters are to be calculated in connection with, Awards; (iv)
determine the terms and conditions of any Award; (v) determine whether, to what extent, and under what circumstances Awards may be settled or exercised in cash, Shares, other securities, other Awards or other property, or canceled, forfeited, or
suspended and the method or methods by which Awards may be settled, exercised, canceled, forfeited, or suspended; (vi) determine whether, to what extent, and under what circumstances cash, Shares, other securities, other Awards, other property, and
other amounts payable with respect to an Award (subject to Section 162(m) of the Code with respect to Performance Compensation Awards) shall be deferred either automatically or at the election of the holder thereof or of the Committee; (vii)
interpret, administer or reconcile any inconsistency, correct any defect, resolve ambiguities and/or supply any omission in the Plan and any instrument or agreement relating to, or Award made under, the Plan; 

(viii) establish, amend, suspend, or waive such rules and regulations and appoint such agents as it shall deem appropriate for the proper administration of the Plan; (ix) establish and administer Performance Goals and
certify whether, and to what extent, they have been attained; and (x) make any other determination and take any other action that the Committee deems necessary or desirable for the administration of the Plan. 

        (b) Unless otherwise expressly provided in the Plan, all designations, determinations, interpretations, and other decisions under or with respect to the Plan or any Award shall be within the sole discretion of the
Committee, may be made at any time and shall be final, conclusive, and binding upon all Persons, including the Company, any Affiliate, any Participant, any holder or beneficiary of any Award, and any stockholder. 

        (c) The mere fact that a Committee member shall fail to qualify as a “Non-Employee Director” or “outside director” within the meaning of Rule 16b-3 and Section 162(m) of the Code, respectively, shall
not invalidate any Award made by the Committee which Award is otherwise validly made under the Plan. 

        (d) No member of the Committee shall be liable to any Person for any action or determination made in good faith with respect to the Plan or any Award hereunder. 

        (e) With respect to any Performance Compensation Award granted to a Covered Employee (within the meaning of Section 162(m) of the Code) under the Plan, the Plan shall be interpreted and construed in accordance with Section
162(m) of the Code. 

        (f) Notwithstanding the foregoing, the Committee may delegate to one or more officers of the Company the authority to grant awards to Participants who are not officers or directors of the Company subject to Section 16 of
the Exchange Act or Covered Employees (within the meaning of Section 162(m) of the Code). 

       Section 4. Shares Available for Awards.

        (a) Shares Available. Subject to adjustment as provided in Section 4(b), the aggregate number of Shares with respect to which Awards may be granted
from time to time under the Plan shall in the aggregate not exceed, at any time, 240,000,000; provided, however, that the aggregate number of Shares with respect to which Incentive Stock Options may be granted under the Plan shall be 40,000,000. The
maximum number of Shares with respect to which Options and Stock Appreciation Rights may be granted to any Participant in any fiscal year shall be 40,000,000 and the maximum number of Shares which may be paid to a Participant in the Plan in
connection with the settlement of any Award(s) designated as “Performance Compensation Awards” in respect of a single Performance Period shall be 40,000,000 or, in the event such Performance Compensation Award is paid in cash, the
equivalent cash value thereof. If, after the effective date of the Plan, any Shares covered by an Award granted under the Plan, or to which such an Award relates, are forfeited, or if an Award has expired, terminated or been canceled for any reason
whatsoever (other than by reason of exercise or vesting), then the Shares covered by such Award shall again be, or shall become, Shares with respect to which Awards may be granted hereunder. 

        (b) Adjustments. Notwithstanding any provisions of the Plan to the contrary, in the event that the Committee determines in its sole discretion that
any dividend or other distribution (whether in the form of cash, Shares, other securities, or other property), recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase, or
exchange of Shares or other securities of the Company, issuance of warrants or other rights to purchase Shares or other securities of the Company, or other corporate transaction or event affects the Shares such that an adjustment is appropriate in
order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under the Plan, then the Committee shall, equitably adjust any or all of (i) the number of Shares or other securities of the Company (or
number and kind of other securities or property) with respect to which Awards may be granted, (ii) the number of Shares or other securities of the Company (or number and kind of other securities or property) subject to outstanding Awards, and (iii)
the grant or exercise price with respect to any Award or, if deemed appropriate, make provision for a cash payment to the holder of an outstanding Award in consideration for the cancellation of such Award, which, in the case of Options and Stock
Appreciation Rights shall equal the excess, if any, of the Fair Market Value of the Shares subject to such Options or Stock Appreciation Rights over the aggregate exercise price or grant price of such Options or Stock Appreciation Rights.

        (c) Substitute Awards. Awards may, in the discretion of the Committee, be made under the Plan in assumption of, or in substitution for, outstanding
awards previously granted by the Company or its Affiliates or a company acquired by the Company or with which the Company combines (“Substitute Awards”). The number of Shares underlying any Substitute Awards shall be counted against the
aggregate number of Shares available for Awards under the Plan. 

        (d) Sources of Shares Deliverable Under Awards. Any Shares delivered pursuant to an Award may consist, in whole or in part, of authorized and
unissued Shares or of treasury Shares. 

        Section 5. Eligibility. Any employee of, or consultant to, the Company or any of its Affiliates (including any prospective employee), or non-employee
director who is a member of the Board or the board of directors of an Affiliate, shall be eligible to be selected as a Participant. 

       Section 6. Stock Options.

        (a) Grant. Subject to the terms of the Plan, the Committee shall have sole and complete authority to determine the Participants to whom Options shall
be granted, the number of Shares to be covered by each Option, the exercise price therefor and the conditions and limitations applicable to the exercise of the Option. The Committee shall have the authority to grant Incentive Stock Options, or to
grant Non-Qualified Stock Options, or to grant both types of Options. In the case of Incentive Stock Options, the terms and conditions of such grants shall be subject to and comply with such rules as may be prescribed by Section 422 of the Code, as
from time to time amended, and any regulations implementing such statute. All Options when granted under the Plan are intended to be Non-Qualified Stock Options, unless the applicable Award Agreement expressly states that the Option is intended to
be an Incentive Stock Option. If an Option is intended to be an Incentive Stock Option, and if for any reason such Option (or any portion thereof) shall not qualify as an Incentive Stock Option, then, to the extent of such nonqualification, such
Option (or portion thereof) shall be regarded as a Non-Qualified Stock Option appropriately granted under the Plan; provided that such Option (or portion thereof) otherwise complies with the Plan's requirements relating to Non-Qualified Stock
Options.

        (b) Exercise Price. The Committee shall establish the exercise price at the time each Option is granted, which exercise price shall be set forth in
the applicable Award Agreement. 

        (c) Exercise. Each Option shall be exercisable at such times and subject to such terms and conditions as the Committee may, in its sole discretion,
specify in the applicable Award Agreement. The Committee may impose such conditions with respect to the exercise of Options, including without limitation, any relating to the application of federal or state securities laws, as it may deem necessary
or advisable. Options with an exercise price equal to or greater than the Fair Market Value per Share as of the date of grant are intended to qualify as “performance-based compensation” under Section 162(m) of the Code. In the sole
discretion of the Committee, Options may be granted with an exercise price that is less than the Fair Market Value per Share and such Options may, but need not, be intended to qualify as performance-based compensation in accordance with Section 11
hereof. 

        (d) Payment. (i) No Shares shall be delivered pursuant to any exercise of an Option until payment in full of the aggregate exercise price therefor is
received by the Company. Such payment may be made in cash, or its equivalent, or (x) by exchanging Shares owned by the optionee (which are not the subject of any pledge or other security interest and which have been owned by such optionee for at
least six months) or (y) subject to such rules as may be established by the Committee, through delivery of irrevocable instructions to a broker to sell the Shares otherwise deliverable upon the exercise of the Option and to deliver promptly to the
Company an amount equal to the aggregate exercise price or by a combination of the foregoing, provided that the combined value of all cash and cash equivalents and the Fair
Market Value of any such Shares so tendered to the Company as of the date of such tender is at least equal to such aggregate exercise price. 

        (ii) Wherever in this Plan or any Award Agreement a Participant is permitted to pay the exercise price of an Option or taxes relating to the exercise of an Option by delivering Shares, the Participant may, subject to
procedures satisfactory to the Committee, satisfy such delivery requirement by presenting proof of beneficial ownership of such Shares, in which case the Company shall treat the Option as exercised without further payment and shall withhold such
number of Shares from the Shares acquired by the exercise of the Option. 

       Section 7. Stock Appreciation Rights.

        (a) Grant. Subject to the provisions of the Plan, the Committee shall have sole and complete authority to determine the Participants to whom Stock
Appreciation Rights shall be granted, the number of Shares to be covered by each Stock Appreciation Right Award, the grant price thereof and the conditions and limitations applicable to the exercise thereof. Stock Appreciation Rights with a grant
price equal to or greater than the Fair Market Value per Share as of the date of grant are intended to qualify as “performance-based compensation” under Section 162(m) of the Code. In the sole discretion of the Committee, Stock
Appreciation Rights may be granted with an exercise price that is less than the Fair Market Value per Share and such Stock Appreciation Rights may, but need not, be intended to qualify as performance-based compensation in accordance with Section 11
hereof. Stock Appreciation Rights may be granted in tandem with another Award, in addition to another Award, or freestanding and unrelated to another Award. Stock Appreciation Rights granted in tandem with or in addition to an Award may be granted
either before, at the same time as the Award or at a later time. 

        (b) Exercise and Payment. A Stock Appreciation Right shall entitle the Participant to receive an amount equal to the excess of the Fair Market Value
of a Share on the date of exercise of the Stock Appreciation Right over the grant price thereof. The Committee shall determine in its sole discretion whether a Stock Appreciation Right shall be settled in cash, Shares or a combination of cash and
Shares. 

        (c) Other Terms and Conditions. Subject to the terms of the Plan and any applicable Award Agreement, the Committee shall determine, at the grant of a
Stock Appreciation Right, the term, methods of exercise, methods and form of settlement, and any other terms and conditions of any Stock Appreciation Right. The Committee may impose such conditions or restrictions on the exercise of any Stock Appreciation Right as it shall deem appropriate. 

       Section 8. Restricted Stock and Restricted Stock Units.

        (a) Grant. Subject to the provisions of the Plan, the Committee shall have sole and complete authority to determine the Participants to whom Shares
of Restricted Stock and Restricted Stock Units shall be granted, the number of Shares of Restricted Stock and/or the number of Restricted Stock Units to be granted to each Participant, the duration of the period during which, and the conditions, if
any, under which, the Restricted Stock and Restricted Stock Units may be forfeited to the Company, and the other terms and conditions of such Awards. 

        (b) Transfer Restrictions. Shares of Restricted Stock and Restricted Stock Units may not be sold, assigned, transferred, pledged or otherwise
encumbered, except, in the case of Restricted Stock, as provided in the Plan or the applicable Award Agreements. Certificates issued in respect of Shares of Restricted Stock shall be registered in the name of the Participant and deposited by such
Participant, together with a stock power endorsed in blank, with the Company. Upon the lapse of the restrictions applicable to such Shares of Restricted Stock, the Company shall deliver such certificates to the Participant or the Participant's legal
representative. 

        (c) Payment. Each Restricted Stock Unit shall have a value equal to the Fair Market Value of a Share. Restricted Stock Units shall be paid in cash,
Shares, other securities or other property, as determined in the sole discretion of the Committee, upon the lapse of the restrictions applicable thereto, or otherwise in accordance with the applicable Award Agreement. Dividends paid on any Shares of
Restricted Stock may be paid directly to the Participant, withheld by the Company subject to vesting of the Restricted Shares pursuant to the terms of the applicable Award Agreement, or may be reinvested in additional Shares of Restricted Stock or
in additional Restricted Stock Units, as determined by the Committee in its sole discretion. 

       Section 9. Performance Awards.

        (a) Grant. The Committee shall have sole and complete authority to determine the Participants who shall receive a “Performance Award”,
which shall consist of a right which is (i) denominated in cash or Shares, (ii) valued, as determined by the Committee, in accordance with the achievement of such performance goals during such performance periods as the Committee shall establish,
and (iii) payable at such time and in such form as the Committee shall determine. 

        (b) Terms and Conditions. Subject to the terms of the Plan and any applicable Award Agreement, the Committee shall determine the Performance Goals to
be achieved during any Performance Period, the length of any Performance Period, the amount of any Performance Award and the amount and kind of any payment or transfer to be made pursuant to any Performance Award.

        (c) Payment of Performance Awards. Performance Awards may be paid in a lump sum or in installments following the close of the Performance Period or,
in accordance with procedures established by the Committee, on a deferred basis.

       SECTION 10. Other Stock-Based Awards.

        (a) General. The Committee shall have authority to grant to Participants an “Other Stock-Based Award”, which shall consist of any right
which is (i) not an Award described in Sections 6 through 9 above and (ii) an Award of Shares or an Award denominated or payable in, valued in whole or in part by reference to, or otherwise based on or related to, Shares (including, without
limitation, securities convertible into Shares), as deemed by the Committee to be consistent with the purposes of the Plan; provided that any such rights must comply, to the extent deemed desirable by the Committee, with Rule 16b-3 and applicable
law. Subject to the terms of the Plan and any applicable Award Agreement, the Committee shall determine the terms and conditions of any such Other Stock-Based Award, including the price, if any, at which securities may be purchased pursuant to any
Other Stock-Based Award granted under this Plan.

        (b) Dividend Equivalents. In the sole and complete discretion of the Committee, an Award, whether made as an Other Stock-Based Award under this
Section 10 or as an Award granted pursuant to Sections 6 through 9 hereof, may provide the Participant with dividends or dividend equivalents, payable in cash, Shares, other securities or other property on a current or deferred basis.

       Section 11. Performance Compensation Awards.

        (a) General. The Committee shall have the authority, at the time of grant of any Award described in Sections 6 through 10 (other than Options and
Stock Appreciation Rights granted with an exercise price or grant price, as the case may be, equal to or greater than the Fair Market Value per Share on the date of grant), to designate such Award as a Performance Compensation Award in order to
qualify such Award as “performance-based compensation” under Section 162(m) of the Code. 

        (b) Eligibility. The Committee will, in its sole discretion, designate within the first 90 days of a Performance Period (or, if longer, within the
maximum period allowed under Section 162(m) of the Code) which Participants will be eligible to receive Performance Compensation Awards in respect of such Performance Period. Designation of a Participant eligible to receive an Award hereunder for a
Performance Period shall not in any manner entitle the Participant to receive payment in respect of any Performance Compensation Award for such Performance Period. The determination as to whether or not such Participant becomes entitled to payment
in respect of any Performance Compensation Award shall be decided solely in accordance with the provisions of this Section 11. Moreover, designation of a Participant eligible to receive an Award hereunder for a particular Performance Period shall
not require designation of such Participant eligible to receive an Award hereunder in any subsequent Performance Period and designation of one person as a Participant eligible to receive an Award hereunder shall not require designation of any other
person as a Participant eligible to receive an Award hereunder in such period or in any other period. 

        (c) Discretion of Committee with Respect to Performance Compensation Awards. With regard to a particular Performance Period, the Committee shall have
full discretion to select the length of such Performance Period, the type(s) of Performance Compensation Awards to be issued, the Performance Criteria that will be used to establish the Performance Goal(s), the kind(s) and/or level(s) of the
Performance Goals(s) is/are to apply to the Company and the Performance Formula. Within the first 90 days of a Performance Period (or, if longer, within the maximum period allowed under Section 162(m) of the Code), the Committee shall, with regard
to the Performance Compensation Awards to be issued for such Performance Period, exercise its discretion with respect to each of the matters enumerated in the immediately preceding sentence of this Section 11(c) and record the same in writing.

        (d) Payment of Performance Compensation Awards. (i) Condition to Receipt of Payment. Unless otherwise provided in the applicable Award Agreement, a
Participant must be employed by the Company on the last day of a Performance Period to be eligible for payment in respect of a Performance Compensation Award for such Performance Period. 

        (ii) Limitation. A Participant shall be eligible to receive payment in respect of a Performance Compensation Award only to the extent that: (1) the Performance Goals for such period are achieved; and (2) the Performance
Formula as applied against such Performance Goals determines that all or some portion of such Participant's Performance Award has been earned for the Performance Period.

        (iii) Certification. Following the completion of a Performance Period, the Committee shall meet to review and certify in writing whether, and to what extent, the Performance Goals for the Performance Period have been
achieved and, if so, to calculate and certify in writing that amount of the Performance Compensation Awards earned for the period based upon the Performance Formula. The Committee shall then determine the actual size of each Participant's
Performance Compensation Award for the Performance Period and, in so doing, may apply Negative Discretion, if and when it deems appropriate. 

        (iv) Negative Discretion. In determining the actual size of an individual Performance Award for a Performance Period, the Committee may reduce or eliminate the amount of the Performance Compensation Award earned under the
Performance Formula in the Performance Period through the use of Negative Discretion if, in its sole judgement, such reduction or elimination is appropriate. 

        (v) Timing of Award Payments. The Awards granted for a Performance Period shall be paid to Participants as soon as administratively possible following completion of the certifications required by this Section 11.

        (vi) Maximum Award Payable. Notwithstanding any provision contained in the Plan to the contrary, the maximum Performance Compensation Award payable to any one Participant under the Plan for a Performance Period is
40,000,000 Shares or, in the event the Performance Compensation Award is paid in cash, the equivalent cash value thereof on the last day of the Performance Period to which such Award relates. Furthermore, any Performance Compensation Award that has
been deferred shall not (between the date as of which the Award is deferred and the payment date) increase (i) with respect to Performance Compensation Award that is payable in cash, by a measuring factor for each fiscal year greater than a
reasonable rate of interest set by the Committee or (ii) with respect to a Performance Compensation Award that is payable in Shares, by an amount greater than the appreciation of a Share from the date such Award is deferred to the payment date.

       Section 12. Amendment and Termination.

        (a) Amendments to the Plan. The Board may amend, alter, suspend, discontinue, or terminate the Plan or any portion thereof at any time; provided that
no such amendment, alteration, suspension, discontinuation or termination shall be made without stockholder approval if such approval is necessary to comply with any tax or regulatory requirement applicable to the Plan; and provided, further, that
any such amendment, alteration, suspension, discontinuance or termination that would impair the rights of any Participant or any holder or beneficiary of any Award previously granted shall not be effective without the consent of the affected
Participant, holder or beneficiary.

        (b) Amendments to Awards. The Committee may waive any conditions or rights under, amend any terms of, or alter, suspend, discontinue, cancel or
terminate, any Award theretofore granted; provided that any such waiver, amendment, alteration, suspension, discontinuance, cancellation or termination that would impair the rights of any Participant or any holder or beneficiary of any Award
previously granted shall not be effective without the consent of the affected Participant, holder or beneficiary. 

        (c) Adjustment of Awards Upon the Occurrence of Certain Unusual or Nonrecurring Events. The Committee is hereby authorized to make equitable
adjustments in the terms and conditions of, and the criteria included in, all outstanding Awards in recognition of unusual or nonrecurring events (including, without limitation, 

the events described in Section 4(b) hereof) affecting the Company, any Affiliate, or the financial statements of the Company or any Affiliate, or of changes in applicable laws, regulations, or accounting principles,
whenever the Committee 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 Plan; provided that no such adjustment shall be
authorized to the extent that such authority or adjustment would cause an Award designated by the Committee as a Performance Compensation Award under Section 11 of the Plan to fail to qualify as “performance-based compensation” under
Section 162(m) of the Code. 

        Section 13. Change of Control. In the event of a Change of Control, any outstanding Awards then held by Participants which are unexercisable or
otherwise unvested shall automatically be deemed exercisable or otherwise vested, as the case may be, effective as of immediately prior to such Change of Control, unless the terms of the Award Agreement expressly provides to the contrary.

       Section 14. General Provisions.

       (a)  Nontransferability.	

       (i)   Each Award, and each right under any Award, shall be exercisable only by the Participant during the Participant's lifetime, or, if permissible under applicable law, by the Participant's legal guardian or representative. 

        (ii) No Award may be sold, assigned, alienated, pledged, attached or otherwise transferred or encumbered by a Participant otherwise than by will or by the laws of descent and distribution, and any such purported sale,
assignment, alienation, pledge, attachment, transfer or encumbrance shall be void and unenforceable against the Company or any Affiliate; provided that the designation of a beneficiary shall not constitute a sale, assignment, alienation, pledge,
attachment, transfer or encumbrance. 

        (iii) Notwithstanding the foregoing, the Committee may in the applicable Award Agreement evidencing an Option granted under the Plan or at any time thereafter in an amendment to an Award Agreement provide that Options
granted hereunder which are not intended to qualify as Incentive Options may be transferred by the Participant to whom such Option was granted (the “Grantee”) without consideration, subject to such rules as the Committee may adopt to
preserve the purposes of the Plan, to: (1) the Grantee's spouse, children or grandchildren (including adopted and stepchildren and grandchildren) (collectively, the 'Immediate Family'); (2) a trust solely for the benefit of the Grantee and his or
her Immediate Family; or (3) a partnership, corporation or limited liability company whose only partners, members or shareholders are the Grantee and his or her Immediate Family; (each transferee described in clauses (1), (2) and (3) above is
hereinafter referred to as a “Permitted Transferee”); provided that the Grantee gives the Committee advance written notice describing the terms and conditions of the proposed transfer and the Committee notifies the Grantee in writing that
such a transfer would comply with the requirements of the Plan and any applicable Award Agreement evidencing the Option. 

        The terms of any Option transferred in accordance with the immediately preceding sentence shall apply to the Permitted Transferee and any reference in the Plan or in an Award Agreement to an optionee, Grantee or
Participant shall be deemed to refer to the Permitted Transferee, except that (a) Permitted Transferees shall not be entitled to transfer any Options, other than by will or the laws of descent and distribution; (b) Permitted Transferees shall not be
entitled to exercise any transferred Options unless there shall be in effect a registration statement on an appropriate form covering the Shares to be acquired pursuant to the exercise of such Option if the Committee determines that such a
registration statement is necessary or appropriate, (c) the Committee or the Company shall not be required to provide any notice to a Permitted Transferee, whether or not such notice is or would otherwise have been required to be given to the
Grantee under the Plan or otherwise and (d) the consequences of termination of the Grantee's employment by, or services to, the Company under the terms of the Plan and the applicable Award Agreement shall continue to be applied with respect to the
Grantee, following which the Options shall be exercisable by the Permitted Transferee only to the extent, and for the periods, specified in the Plan and the applicable Award Agreement. 

        (b) No Rights to Awards. No Participant or other Person shall have any claim to be granted any Award, and there is no obligation for uniformity of
treatment of Participants, or holders or beneficiaries of Awards. The 

terms and conditions of Awards and the Committee's determinations and interpretations with respect thereto need not be the same with respect to each Participant (whether or not such Participants are similarly situated).

        (c) Share Certificates. All certificates for Shares or other securities of the Company or any Affiliate delivered under the Plan pursuant to any
Award or the exercise thereof shall be subject to such stop transfer orders and other restrictions as the Committee may deem advisable under the Plan or the rules, regulations, and other requirements of the SEC, any stock exchange upon which such
Shares or other securities are then listed, and any applicable Federal or state laws, and the Committee may cause a legend or legends to be put on any such certificates to make appropriate reference to such restrictions. 

        (d) Withholding. (i) A Participant may be required to pay to the Company or any Affiliate and the Company or any Affiliate shall have the right and
is hereby authorized to withhold from any Award, from any payment due or transfer made under any Award or under the Plan or from any compensation or other amount owing to a Participant the amount (in cash, Shares, other securities, other Awards or
other property) of any applicable withholding taxes in respect of an Award, its exercise, or any payment or transfer under an Award or under the Plan and to take such other action as may be necessary in the opinion of the Company to satisfy all
obligations for the payment of such taxes. The Committee may provide for additional cash payments to holders of Awards to defray or offset any tax arising from the grant, vesting, exercise or payments of any Award. 

        (ii) Without limiting the generality of clause (i) above, a Participant may satisfy, in whole or in part, the foregoing withholding liability by delivery of Shares owned by the Participant (which are not subject to any
pledge or other security interest and which have been owned by the Participant for at least six months) with a Fair Market Value equal to such withholding liability or by having the Company withhold from the number of Shares otherwise issuable
pursuant to the exercise of the option a number of Shares with a Fair Market Value equal to such withholding liability. 

        (iii) Notwithstanding any provision of this Plan to the contrary, in connection with the transfer of an Option to a Permitted Transferee pursuant to Section 14(a), the Grantee shall remain liable for any withholding taxes
required to be withheld upon the exercise of such Option by the Permitted Transferee. 

        (e) Award Agreements. Each Award hereunder shall be evidenced by an Award Agreement which shall be delivered to the Participant and shall specify the
terms and conditions of the Award and any rules applicable thereto, including but not limited to the effect on such Award of the death, disability or termination of employment or service of a Participant and the effect, if any, of such other events
as may be determined by the Committee. 

        (f) No Limit on Other Compensation Arrangements. Nothing contained in the Plan shall prevent the Company or any Affiliate from adopting or continuing
in effect other compensation arrangements, which may, but need not, provide for the grant of options, restricted stock, Shares and other types of Awards provided for hereunder (subject to stockholder approval if such approval is required), and such
arrangements may be either generally applicable or applicable only in specific cases. 

        (g) No Right to Employment. The grant of an Award shall not be construed as giving a Participant the right to be retained in the employ of, or in any
consulting relationship to, or as a director on the Board or board of directors, as applicable, of, the Company or any Affiliate. Further, the Company or an Affiliate may at any time dismiss a Participant from employment or discontinue any
consulting relationship, free from any liability or any claim under the Plan, unless otherwise expressly provided in the Plan, any Award Agreement or any applicable employment contract or agreement. 

        (h) No Rights as Stockholder. Subject to the provisions of the applicable Award, no Participant or holder or beneficiary of any Award shall have any
rights as a stockholder with respect to any Shares to be distributed under the Plan until he or she has become the holder of such Shares. Notwithstanding the foregoing, in connection with each grant of Restricted Stock hereunder, the applicable
Award shall specify if and to what extent the Participant shall not be entitled to the rights of a stockholder in respect of such Restricted Stock. 

        (i) Governing Law. The validity, construction, and effect of the Plan and any rules and regulations relating to the Plan and any Award Agreement
shall be determined in accordance with the laws of the State of New York, applied without giving effect to its conflict of laws principles. 

        (j) Severability. If any provision of the Plan or any Award is or becomes or is deemed to be invalid, illegal, or unenforceable in any jurisdiction
or as to any Person or Award, or would disqualify the Plan or any Award under any law deemed applicable by the Committee, such provision shall be construed or deemed amended to conform the applicable laws, or if it cannot be construed or deemed
amended without, in the determination of the Committee, materially altering the intent of the Plan or the Award, such provision shall be stricken as to such jurisdiction, Person or Award and the remainder of the Plan and any such Award shall remain
in full force and effect. 

        (k) Other Laws. The Committee may refuse to issue or transfer any Shares or other consideration under an Award if, acting in its sole discretion, it
determines that the issuance or transfer of such Shares or such other consideration might violate any applicable law or regulation or entitle the Company to recover the same under Section 16(b) of the Exchange Act, and any payment tendered to the
Company by a Participant, other holder or beneficiary in connection with the exercise of such Award shall be promptly refunded to the relevant Participant, holder or beneficiary. Without limiting the generality of the foregoing, no Award granted
hereunder shall be construed as an offer to sell securities of the Company, and no such offer shall be outstanding, unless and until the Committee in its sole discretion has determined that any such offer, if made, would be in compliance with all
applicable requirements of the U.S. federal securities laws. 

        (l) No Trust or Fund Created. Neither the 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 or any Affiliate and a Participant or any other Person. To the extent that any Person acquires a right to receive payments from the Company or any Affiliate pursuant to an Award, such right shall be no
greater than the right of any unsecured general creditor of the Company or any Affiliate. 

        (m) No Fractional Shares. No fractional Shares shall be issued or delivered pursuant to the Plan or any Award, and the Committee shall determine
whether cash, other securities, or other property shall be paid or transferred in lieu of any fractional Shares or whether such fractional Shares or any rights thereto shall be canceled, terminated, or otherwise eliminated.

        (n) Headings. Headings are given to the Sections and subsections of the Plan solely as a convenience to facilitate reference. Such headings shall not
be deemed in any way material or relevant to the construction or interpretation of the Plan or any provision thereof. 

       Section 15. Term of the Plan.

	
       (a) Effective Date. The Plan shall be effective as of the date of its approval by the stockholders of the Company.
	

       (b) Expiration Date. No Award shall be granted under the Plan after December 31, 2012. Unless otherwise expressly provided in the Plan or in an applicable Award Agreement, any Award granted hereunder may, and the authority of the Board or the Committee to amend, alter, adjust, suspend, discontinue, or terminate any
such Award or to waive any conditions or rights under any such Award shall, continue after December 31, 2012.

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