Document:

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                                                                     Exhibit 4.4
                                                                     -----------

                             LOWE'S COMPANIES, INC.

                               2001 INCENTIVE PLAN
<PAGE>

                             LOWE'S COMPANIES, INC.

                               2001 INCENTIVE PLAN
                               -------------------

                                    ARTICLE I
                                   DEFINITIONS
                                   -----------

1.01.   Administrator  means the Committee and any delegate of the Committee
        -------------
that is appointed in accordance  with Article III.

1.02.   Affiliate means any Subsidiary or Parent of the Company.
        ---------

1.03.   Agreement means a written agreement (including any amendment or
        ---------
supplement thereto) between the Company and a Participant specifying the terms
and conditions of a Stock Award, an award of Performance Shares, an Incentive
Award or an Option or SAR granted to such Participant.

1.04.   Board means the Board of Directors of the Company.
        -----

1.05.   Cause as a reason for a Participant's termination of employment shall
        -----
have the meaning assigned such term in the employment agreement, if any, between
such Participant and the Company or an Affiliate; provided, however, that if
                                                  --------  -------
there is no such employment agreement in which such term is defined, "Cause"
shall mean (i) the Participant's willful and continued failure to perform his or
her duties with the employer (other than any such failure resulting from
incapacity due to physical or mental illness, and specifically excluding any
failure by the Participant, after reasonable efforts, to meet performance
expectations), after a written demand for performance is delivered to the
Participant by his or her supervisor which specifically identifies the manner in
which the company believes that the Participant has not substantially performed
his or her duties; (ii) the material violation of the Company's Code of Ethics
as published from time to time, or (iii) the willful engaging by the Participant
in illegal conduct or gross misconduct which is materially and demonstrably
injurious to the Company. For purposes of this provision, no act or failure to
act, on the part of the Participant, shall be considered "willful" unless it is
done, or omitted to be done, by the Participant in bad faith or without
reasonable belief that his or her action or omission was in the best interests
of the Company.

1.06.   Change in Control means and includes the occurrence of any one of the
        -----------------
following events:

               (i)     individuals who, at the Effective Date, constitute the
        Board (the "Incumbent Directors") cease for any reason to constitute at
        least a majority of the Board, provided that any person becoming a
        director after the Effective Date and whose election or nomination for
        election was approved by a vote of at least a majority of the Incumbent
        Directors then on the Board (either by a specific vote or by approval of
        the proxy statement of the Company in which such person is
<PAGE>

        named as a nominee for director, without written objection to such
        nomination) shall be an Incumbent Director; provided, however, that no
                                                    --------  -------
        individual initially elected or nominated as a director of the Company
        as a result of an actual or threatened election contest (as described in
        Rule 14a-11 under the Exchange Act ("Election Contest") or other actual
        or threatened solicitation of proxies or consents by or on behalf of any
        "person" (as such term is defined in Section 3(a)(9) of the Exchange Act
        and as used in Section 13(d)(3) and 14(d)(2) of the Exchange Act) other
        than the Board ("Proxy Contest"), including by reason of any agreement
        intended to avoid or settle any Election Contest or Proxy Contest, shall
        be deemed an Incumbent Director;

               (ii)    any person becomes a "beneficial owner" (as defined in
        Rule 13d-3 under the Exchange Act), directly or indirectly, of
        securities of the Company representing 25% or more of the combined
        voting power of the Company's then outstanding securities eligible to
        vote for the election of the Board (the "Company Voting Securities");
        provided, however, that the event described in this paragraph (ii) shall
        --------  -------
        not be deemed to be a Change in Control of the Company by virtue of any
        of the following acquisitions: (A) an acquisition directly by or from
        the Company or any Affiliate; (B)an acquisition by any employee benefit
        plan (or related trust) sponsored or maintained by the Company or any
        Affiliate, (C) an acquisition by an underwriter temporarily holding
        securities pursuant to an offering of such securities, or (D) an
        acquisition pursuant to a Non-Qualifying Transaction (as defined in
        paragraph (iii)); or

               (iii)   the consummation of a reorganization, merger,
        consolidation, statutory share exchange or similar form of corporate
        transaction involving the Company that requires the approval of the
        Company's stockholders, whether for such transaction or the issuance of
        securities in the transaction (a "Reorganization"), or the sale or other
        disposition of all or substantially all of the Company's assets to an
        entity that is not an affiliate of the Company (a "Sale"), unless
        immediately following such Reorganization or Sale: (A) more than 60% of
        the total voting power of (x) the corporation resulting from such
        Reorganization or the corporation which has acquired all or
        substantially all of the assets of the Company (in either case, the
        "Surviving Corporation"), or (y) if applicable, the ultimate parent
        corporation that directly or indirectly has beneficial ownership of 100%
        of the voting securities eligible to elect directors of the Surviving
        Corporation (the "Parent Corporation"), is represented by the Company
        Voting Securities that were outstanding immediately prior to such
        Reorganization or Sale (or, if applicable, is represented by shares into
        which such Company Voting Securities were converted pursuant to such
        Reorganization or Sale), and such voting power among the holders thereof
        is in substantially the same proportion as the voting power of such
        Company Voting Securities among the holders thereof immediately prior to
        the Reorganization or Sale, (B) no person (other than (x) the Company,
        (y) any employee benefit plan (or related trust) sponsored or maintained
        by the Surviving Corporation or the Parent Corporation, or (z) a person
        who immediately prior to the Reorganization or Sale was the beneficial
        owner of 25% or more of the outstanding Company Voting Securities) is
        the

                                      -3-
<PAGE>

        beneficial owner, directly or indirectly, of 25% or more of the total
        voting power of the outstanding voting securities eligible to elect
        directors of the Parent Corporation (or, if there is no Parent
        Corporation, the Surviving Corporation), and (C) at least a majority of
        the members of the board of directors of the Parent Corporation (or, if
        there is no Parent Corporation, the Surviving Corporation) following the
        consummation of the Reorganization or Sale were Incumbent Directors at
        the time of the Board's approval of the execution of the initial
        agreement providing for such Reorganization or Sale (any Reorganization
        or Sale which satisfies all of the criteria specified in (A), (B) and
        (C) above shall be deemed to be a "Non-Qualifying Transaction").

1.07.   Code means the Internal Revenue Code of 1986, and any amendments
        ----
thereto.

1.08.   Committee means the Compensation and Organization Committee of the
        ---------
Board, although, at the discretion of the Board from time to time, the Plan may
be administered by the Board. During any time that the Board is acting as
administrator of the Plan, it shall have all the powers of the Committee
hereunder, and any reference herein to the Committee (other than in this Section
1.08) shall include the Board. It is intended that the directors appointed to
serve on the Committee shall be "non-employee directors" (within the meaning of
Rule 16b-3 promulgated under the Exchange Act) and "outside directors" (within
the meaning of Code Section 162(m) and the regulations thereunder). However, the
mere fact that a Committee member shall fail to qualify under either of the
foregoing requirements shall not invalidate any award made by the Committee
which award is otherwise validly made under the Plan. The members of the
Committee shall be appointed by, and may be changed at any time and from time to
time in the discretion of, the Board.

1.09.   Common Stock means the common stock of the Company.
        ------------

1.10.   Company means Lowe's Companies, Inc.
        -------

1.11.   Corresponding SAR means a SAR that is granted in relation to a
        -----------------
particular Option and that can be exercised only upon the surrender to the
Company, unexercised, of that portion of the Option to which the SAR relates.

1.12.   Covered Employee means a covered employee as defined in Code Section
        ----------------
162(m)(3).

1.13.   Deferred Stock Benefit means "Deferred Stock Benefit" as defined in
        ----------------------
Section 2(j) of the Program.

1.14.   Disability of a Participant means a mental or physical disability as
        ----------
determined by the Committee in accordance with standards and procedures similar
to those under the Company's employee long-term disability plan, if any. At any
time that the Company does not maintain such a long-term disability plan,
Disability shall mean any illness or other physical or mental condition of a
Participant that renders the Participant incapable of performing his or her
customary and usual duties for the Company, or any medically determinable
illness or other physical or mental condition resulting from a bodily injury,

                                      -4-
<PAGE>

disease or mental disorder which, in either case, has lasted or can reasonably
be expected to last for at least 180 days out of a period of 365 consecutive
days. The Committee may require such medical or other evidence as it deems
necessary to judge the nature and permanency of the Participant's condition.
Notwithstanding the above, with respect to an Incentive Stock Option, Disability
shall mean Permanent and Total Disability as defined in Section 22(e)(3) of the
Code.

1.15.   Exchange Act means the Securities Exchange Act of 1934, as amended and
        ------------
as in effect on the date of this Agreement.

1.16.   Fair Market Value means, on any given date, the closing price of a share
        -----------------
of Common Stock as reported on the New York Stock Exchange composite tape on
such date, or if the Common Stock was not traded on the New York Stock Exchange
on such day, then on the next preceding day that the Common Stock was traded on
such exchange, all as reported by such source as the Administrator may select.

1.17.   Good Reason for a Participant's termination of employment following a
        -----------
Change in Control shall have the meaning assigned such term in the employment
agreement, if any, between such Participant and the Company or an Affiliate;
provided, however, that if there is no such employment agreement in which such
--------  -------
term is defined, "Good Reason" shall mean any of the following acts by the
employer without the consent of the Participant (in each case, other than an
isolated, insubstantial and inadvertent action not taken in bad faith and which
is remedied by the employer promptly after receipt of notice thereof given by
the Participant): (i) diminution of the Participant's position, authority,
title, reporting requirements, duties, or responsibilities as in effect on the
date immediately prior to the Change in Control, or (ii) a reduction by the
employer in the Participant's base salary as in effect on the date immediately
prior to the Change in Control, or (iii) the Company's requiring the
Participant, without his or her consent, to be based at any office or location
more than 50 miles from the office or location at which the Participant was
based on the date immediately prior to the Change in Control, or to travel on
Company business to a substantially greater extent than required immediately
prior to the Change in Control.

1.18.   Initial Value means, with respect to a SAR, the Fair Market Value of one
        -------------
share of Common Stock on the date of grant.

1.19.   Incentive Award means an award which, subject to such terms and
        ---------------
conditions as may be prescribed by the Administrator, entitles the Participant
to receive a cash payment from the Company or an Affiliate.

1.20.   Incentive Stock Option means an Option that is intended to meet the
        ----------------------
requirements of Section 422 of the Code or any successor provision thereto.

1.21.   Non-Qualified Stock Option means an Option that is not an Incentive
        --------------------------
Stock Option.

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1.22.   Option means a stock option that entitles the holder to purchase from
        ------
the Company a stated number of shares of Common Stock at the price set forth in
an Agreement. An Option may be either an Incentive Stock Option or a
Non-Qualified Stock Option.

1.23.   Parent means a corporation which owns or beneficially owns a majority of
        ------
the outstanding voting stock or voting power of the Company. Notwithstanding the
above, with respect to an Incentive Stock Option, Parent shall have the meaning
set forth in Section 424(e) of the Code.

1.24.   Participant means an employee of the Company or an Affiliate, including
        -----------
an employee who is a member of the Board, who satisfies the requirements of
Article IV and is selected by the Administrator to receive a Stock Award, an
award of Performance Shares, an Option, a SAR, an Incentive Award or a
combination thereof.

1.25.   Performance Shares means an award, in the amount determined by the
        ------------------
Administrator and specified in an Agreement, stated with reference to a
specified number of shares of Common Stock, that in accordance with the terms of
an Agreement entitles the holder to receive a payment for each specified share
equal to the Fair Market Value of Common Stock on the date of payment.

1.26.   Plan means the Lowe's Companies, Inc. 2001 Incentive Plan.
        ----

1.27.   Program means the Lowe's Companies, Inc. Deferred Compensation Program,
        -------
set forth as Exhibit I hereto.
             ---------

1.28.   Retirement of a Participant means the voluntary termination of
        ----------
employment on or after the later of (i) 90 days after the Participant has
provided written notice to the Company's Secretary of his decision to retire, or
(ii) the Participant's attainment of age 60. The term "Retirement" does not
include a termination of the Participant's employment by the Company or an
Affiliate for Cause.

1.29.   SAR means a stock appreciation right that in accordance with the terms
        ---
of an Agreement entitles the holder to receive, with respect to each share of
Common Stock encompassed by the exercise of such SAR, the amount determined by
the Administrator and specified in an Agreement. In the absence of such a
determination, the holder shall be entitled to receive, with respect to each
share of Common Stock encompassed by the exercise of such SAR, the excess of the
Fair Market Value on the date of exercise over the Initial Value. References to
"SARs" include both Corresponding SARs and SARs granted independently of
Options, unless the context requires otherwise.

1.30.   Stock Award means Common Stock awarded to a Participant under Article
        -----------
VIII.

1.31.   Subsidiary means any corporation, limited liability company, partnership
        ----------
or other entity of which a majority of the outstanding voting stock or voting
power is beneficially owned directly or indirectly by the Company.
Notwithstanding the above, with respect to an Incentive Stock Option, Subsidiary
shall have the meaning set forth in Section 424(f) of the Code.

                                      -6-
<PAGE>

                                   ARTICLE II
                                    PURPOSES
                                    --------

     The Plan is intended to assist the Company and its Affiliates in recruiting
and retaining individuals with ability and initiative by enabling such persons
to participate in the future success of the Company and its Affiliates and to
associate their interests with those of the Company and its shareholders. The
Plan is intended to permit the grant of Incentive Stock Options and
Non-Qualified Stock Options, the grant of SARs, Stock Awards, Performance Shares
and Incentive Awards, and the deferral of income in accordance with the Program.
No Option that is intended to be an Incentive Stock Option shall be invalid for
failure to qualify as an Incentive Stock Option. The proceeds received by the
Company from the sale of Common Stock pursuant to the Plan shall be used for
general corporate purposes.

                                   ARTICLE III
                                 ADMINISTRATION
                                 --------------

     The Plan shall be administered by the Administrator. The Administrator
shall have the sole authority to grant Stock Awards, Performance Shares,
Incentive Awards, Options and SARs upon such terms (not inconsistent with the
provisions of the Plan), as the Administrator may consider appropriate. Such
terms may include conditions (in addition to those contained in the Plan) on the
exercisability of all or any part of an Option or SAR or on the transferability
or forfeitability of a Stock Award, an award of Performance Shares or an
Incentive Award. Notwithstanding any such conditions, pursuant to Article XI,
the Administrator may, in its discretion, accelerate the time at which any
Option or SAR may be exercised, or the time at which a Stock Award may become
transferable or nonforfeitable or the time at which an Incentive Award or an
award of Performance Shares may be settled. In addition, the Committee shall
have complete authority to interpret all provisions of the Plan; to prescribe
the form of Agreements and documents used in connection with the Plan; to adopt,
amend, and rescind rules and regulations pertaining to the administration of the
Plan; and to make all other determinations necessary or advisable for the
administration of the Plan. The express grant in the Plan of any specific power
to the Administrator or the Committee shall not be construed as limiting any
power or authority of the Administrator or the Committee. Any decision made, or
action taken, by the Administrator or the Committee in connection with the
administration of the Plan shall be final and conclusive. Neither the
Administrator nor any member of the Committee shall be liable for any act done
in good faith with respect to the Plan or any Agreement, Option, SAR, Stock
Award or Incentive Award or award of Performance Shares. All expenses of
administering the Plan shall be borne by the Company.

     The Committee, in its discretion, may delegate to a special committee
consisting of one or more directors who are also officers of the Company or the
Executive Committee of the Board, all or part of the Committee's authority and
duties with respect to grants and awards to individuals who at the time of grant
are not, and are not anticipated to become, either (i) Covered Employees or (ii)
persons subject to the reporting and other provisions of Section 16 of the
Exchange Act. The Committee may revoke or amend the terms of a

                                      -7-
<PAGE>

delegation at any time but such action shall not invalidate any prior actions of
the Committee's delegate or delegates that were consistent with the terms of the
Plan.

                                   ARTICLE IV
                                   ELIGIBILITY
                                   -----------

     Any employee of the Company or an Affiliate (including a corporation that
becomes an Affiliate after the adoption of the Plan), is eligible to participate
in the Plan if the Administrator, in its sole discretion, determines that such
person has contributed significantly or can be expected to contribute
significantly to the profits or growth of the Company or an Affiliate. Directors
of the Company who are employees of the Company or an Affiliate may be selected
to participate in the Plan.

                                    ARTICLE V
                              STOCK SUBJECT TO PLAN
                              ---------------------

5.01.   Shares Issued. Upon the award of shares of Common Stock pursuant to a
        -------------
Stock Award or in settlement of an award of Performance Shares, the Company may
issue shares of Common Stock from its authorized but unissued Common Stock. Upon
the exercise of any Option or SAR the Company may deliver to the Participant (or
the Participant's broker if the Participant so directs), shares of Common Stock
from its authorized but unissued Common Stock. On the distribution of Deferred
Stock Benefits, the Company may issue shares of Common Stock from its authorized
but unissued Common Stock.

5.02.   Aggregate Limit. The maximum aggregate number of shares of Common Stock
        ---------------
that may be issued under the Plan pursuant to the exercise of SARs and Options,
the grant of Stock Awards and the settlement of Performance Shares and Deferred
Stock Benefits is 15,000,000 shares. The maximum aggregate number of shares that
may be issued under the Plan as Stock Awards and in settlement of Performance
Shares (or as the portion of a Deferred Stock Benefit that represents forfeited
or deferred shares of Common Stock subject to such awards) is 3,500,000 shares.
Shares of Common Stock issued in settlement of a Deferred Stock Benefit, and the
shares of Common Stock subject to the Option, Stock Award or Performance Share
award (or portion thereof) with respect to which such Deferred Stock Benefit was
earned or elected, shall be counted toward the foregoing limits only once (even
in the case of a shares subject to a Stock Award that are cancelled in
connection with the Deferred Stock Benefit); provided, however, that shares of
Common Stock issued in settlement of a Deferred Stock Benefit that constitute
earnings on deferred or forfeited shares of Common Stock shall be counted
separately toward the foregoing limits. The maximum aggregate number of shares
that may be issued under the Plan and the maximum number of shares that may be
issued as Stock Awards, and in settlement of Performance Shares (or as the
portion of a Deferred Stock Benefit that represents forfeited or deferred shares
of Common Stock subject to such awards) shall be subject to adjustment as
provided in Article XII.

5.03.   Reallocation of Shares. If an Option is terminated, in whole or in part,
        ----------------------
for any reason other than its exercise (including an exercise that results in a
Deferred Stock Benefit) or the exercise of a Corresponding SAR that is settled
with Common Stock, the number of

                                      -8-
<PAGE>

shares of Common Stock allocated to the Option or portion thereof may be
reallocated to other Options, SARs, Performance Shares and Stock Awards to be
granted under the Plan and to the settlement of Deferred Stock Benefits. If a
SAR is terminated, in whole or in part, for any reason other than its exercise
that is settled with Common Stock or the exercise of a related Option, the
number of shares of Common Stock allocated to the SAR or portion thereof may be
reallocated to other Options, SARs, Performance Shares and Stock Awards to be
granted under the Plan and to the settlement of Deferred Stock Benefits. If an
award of Performance Shares is terminated, in whole or in part, for any reason
other than its settlement with Common Stock (including a settlement that results
in a Deferred Stock Benefit), the number of shares of Common Stock allocated to
the Performance Shares or portion thereof may be reallocated to other Options,
SARs, Performance Shares and Stock Awards to be granted under the Plan and to
the settlement of Deferred Stock Benefits. If a Stock Award is forfeited, in
whole or in part, for any reason (other than a cancellation that results in a
Deferred Stock Benefit), the number of shares of Common Stock allocated to the
Stock Award or portion thereof may be reallocated to other Options, SARs,
Performance Shares and Stock Awards to be granted under the Plan, and to the
settlement of Deferred Stock Benefits. If a Deferred Stock Benefit is forfeited,
in whole or in part, the number of shares of Common Stock allocated to the
Deferred Stock Benefit or portion thereof may be reallocated to other Options,
SARs, Performance Shares and Stock Awards to be granted under the Plan, and to
the settlement of other Deferred Stock Benefits.

                                   ARTICLE VI
                                     OPTIONS
                                     -------

6.01.   Award. In accordance with the provisions of Article IV, the
        -----
Administrator will designate each individual to whom an Option is to be granted
and will specify the terms of the Option, including the vesting schedule,
whether the Option is an Incentive Stock Option or a Non-Qualified Stock Option,
and the number of shares of Common Stock covered by such awards; provided,
however, that no individual may be granted Options in any calendar year covering
more than 500,000 shares of Common Stock; provided, however, that in connection
with his or her initial employment with the Company, a Participant may be
granted Options with respect to up to an additional 500,000 shares of Common
Stock, which shall not count against the foregoing annual limit.

6.02.   Option Price. The price per share for Common Stock purchased on the
        ------------
exercise of an Option shall be determined by the Administrator on the date of
grant, but shall not be less than the Fair Market Value on the date the Option
is granted.

6.03.   Maximum Option Period. The maximum period in which an Option may be
        ---------------------
exercised shall be determined by the Administrator on the date of grant, except
that no Option shall be exercisable after the expiration of ten years from the
date such Option was granted. The terms of any Option may provide that it is
exercisable for a period less than such maximum period.

6.04.   Ten Percent Shareholders. Notwithstanding Sections 6.02 and 6.03, no
        ------------------------
Incentive Stock Option shall be granted to any individual who, at the date of
grant, owns stock possessing more than ten percent of the total combined voting
power of all classes of

                                      -9-
<PAGE>

stock of the Company or any Affiliate unless the exercise price per share of
such Option is at least 110% of the Fair Market Value per share of Stock at the
date of grant and the Option expires no later than five years after the date of
grant.

6.05.   Limit for Incentive Stock Options. The aggregate Fair Market Value
        ---------------------------------
(determined as of the time the Option is granted) of all shares of Common Stock
with respect to which Incentive Stock Options are first exercisable by a
Participant in any calendar year may not exceed $100,000.00.

6.06.   Exercise. Subject to the other provisions of the Plan and the applicable
        --------
Agreement, an Option may be exercised in whole at any time or in part from time
to time at such times and in compliance with such requirements as the
Administrator shall determine. An Option granted under the Plan may be exercised
with respect to any number of whole shares less than the full number for which
the Option could be exercised. A partial exercise of an Option shall not affect
the right to exercise the Option from time to time in accordance with the Plan
and the applicable Agreement with respect to the remaining shares subject to the
Option. The exercise of an Option shall result in the termination of any
Corresponding SAR to the extent of the number of shares with respect to which
the Option is exercised.

6.07.   Payment. Unless otherwise provided by the Agreement, payment of the
        -------
Option price shall be made in cash or a cash equivalent acceptable to the
Administrator (including "cashless exercise" arrangements). If the Agreement
provides, payment of all or part of the Option price may be made by surrendering
shares of Common Stock to the Company (by attestation of ownership or actual
delivery of one or more certificates); provided, however, that if shares of
Common Stock are used to pay all or part of the Option price, such shares must
have been held by the Participant for at least six months. If Common Stock is
used to pay all or part of the Option price, the sum of the cash and cash
equivalent and the Fair Market Value (determined as of the day preceding the
date of exercise) of the shares surrendered must not be less than the Option
price of the shares for which the Option is being exercised.

6.08.   Disposition of Stock. A Participant shall notify the Company of any sale
        --------------------
or other disposition of Common Stock acquired pursuant to an Option that was an
Incentive Stock Option if such sale or disposition occurs (i) within two years
of the grant of an Option or (ii) within one year of the issuance of the Common
Stock to the Participant. Such notice shall be in writing and directed to the
Secretary of the Company.

                                   ARTICLE VII
                                      SARS
                                      ----

7.01.   Award. In accordance with the provisions of Article IV, the
        -----
Administrator will designate each individual to whom SARs are to be granted and
will specify the number of shares covered by such awards; provided, however,
that no individual may be granted SARs in any calendar year covering more than
500,000 shares; provided, however, that in connection with his or her initial
employment with the Company, a Participant may be granted SARs with respect to
up to an additional 500,000 shares of Common Stock, which shall not count
against the foregoing annual limit. For purposes of the preceding

                                      -10-
<PAGE>

sentence, an Option and Corresponding SAR shall be treated as a single award. In
addition, no Participant may be granted Corresponding SARs (under all incentive
plans of the Company and its Affiliates) that are related to Incentive Stock
Options which are first exercisable in any calendar year for stock having an
aggregate Fair Market Value (determined as of the date the related Option is
granted) that exceeds $100,000.

7.02.   Maximum SAR Period. The term of each SAR shall be determined by the
        ------------------
Administrator on the date of grant, except that no Corresponding SAR shall have
a term of more than ten years from the date such related Option was granted (or,
if Section 6.04 applies, five years from such date of grant).

7.03.   Exercise. Subject to the other provisions of the Plan and the applicable
        --------
Agreement, a SAR may be exercised in whole at any time or in part from time to
time at such times and in compliance with such requirements as the Administrator
shall determine; provided, however, that a Corresponding SAR may be exercised
only to the extent that the related Option is exercisable and only when the Fair
Market Value exceeds the option price of the related Option. A SAR granted under
the Plan may be exercised with respect to any number of whole shares less than
the full number for which the SAR could be exercised. A partial exercise of a
SAR shall not affect the right to exercise the SAR from time to time in
accordance with the Plan and the applicable Agreement with respect to the
remaining shares subject to the SAR. The exercise of a Corresponding SAR shall
result in the termination of the related Option to the extent of the number of
shares with respect to which the SAR is exercised.

7.04.   Settlement. At the Administrator's discretion, the amount payable as a
        ----------
result of the exercise of a SAR may be settled in cash, Common Stock, or a
combination of cash and Common Stock. No fractional share will be deliverable
upon the exercise of a SAR but a cash payment will be made in lieu thereof.

                                  ARTICLE VIII
                                  STOCK AWARDS
                                  ------------

8.01.   Award. In accordance with the provisions of Article IV, the
        -----
Administrator will designate each individual to whom a Stock Award is to be made
and will specify the number of shares of Common Stock covered by such awards;
provided, however, that no Participant may receive Stock Awards in any calendar
year for more than 150,000 shares of Common Stock.

8.02.   Vesting. A Participant's rights in a Stock Award shall be forfeitable or
        -------
otherwise restricted for a period of time or subject to such conditions as may
be set forth in the Agreement. The period of restriction shall be at least three
years; provided, however, that the minimum period of restriction shall be at
least one year in the case of a Stock Award that will become transferable and
nonforfeitable on account of the satisfaction of performance objectives
prescribed by the Administrator.

8.03.   Performance Objectives. In accordance with Section 8.02, the
        ----------------------
Administrator may prescribe that Stock Awards will become vested or transferable
or both based on objectives

                                      -11-
<PAGE>

stated with respect to (i) the Company's pre-tax earnings, (ii) the Company's
pre-tax earnings in relation to non-cash beginning assets (beginning assets less
beginning cash and short term investments), (iii) the achievement by Company, an
Affiliate or an operating unit of stated objectives with respect to return on
equity, earnings per share, total earnings, earnings growth, return on capital,
or return on assets, (iv) Fair Market Value, or (v) any combination of the
above. If the Administrator, on the date of award, prescribes that a Stock Award
shall become nonforfeitable and transferable only upon the attainment of
performance objectives stated with respect to one or more of the foregoing
criteria, the shares subject to such Stock Award shall become nonforfeitable and
transferable only to the extent that the Administrator certifies that such
objectives have been achieved.

8.04.   Shareholder Rights. Prior to their forfeiture in accordance with the
        ------------------
terms of the applicable Agreement, a Participant will have all rights of a
shareholder with respect to a Stock Award, including the right to receive
dividends and vote the shares; provided, however, that during such period (i)
except as provided in Section 11.01, a Participant may not sell, transfer,
pledge, exchange, hypothecate, or otherwise dispose of shares of Common Stock
granted pursuant to a Stock Award, (ii) the Company shall retain custody of the
certificates evidencing the shares of Common Stock granted pursuant to a Stock
Award, and (iii) the Participant will deliver to the Company a stock power,
endorsed in blank, with respect to each Stock Award. The limitations set forth
in the preceding sentence shall not apply after the shares Common Stock granted
under the Stock Award are transferable and are no longer forfeitable.

                                   ARTICLE IX
                            PERFORMANCE SHARE AWARDS
                            ------------------------

9.01.   Award. In accordance with the provisions of Article IV, the
        -----
Administrator will designate each individual to whom an award of Performance
Shares is to be made and will specify the number of shares of Common Stock
covered by such awards; provided, however, that no Participant may receive an
award of Performance Shares in any calendar year for more than 150,000 shares of
Common Stock.

9.02.   Earning the Award. The Administrator, on the date of the grant of an
        -----------------
award, shall prescribe that the Performance Shares, or portion thereof, will be
earned, and the Participant will be entitled to receive payment pursuant to the
award of Performance Shares, only upon the satisfaction of performance
objectives and such other criteria as may be prescribed by the Administrator
during a performance measurement period of at least one year. The performance
objectives may be stated with respect to (i) the Company's pre-tax earnings,
(ii) the Company's pre-tax earnings in relation to non-cash beginning assets
(beginning assets less beginning cash and short-term investments), (iii) the
achievement by the Company, an Affiliate or an operating unit of stated
objectives with respect to return on equity, earnings per share, total earnings,
earnings growth, return on capital, or return on assets, (iv) Fair Market Value,
or (v) any combination of the above. No payments will be made with respect to
Performance Shares unless, and then only to the extent that, the Administrator
certifies that stated objectives have been achieved.

                                      -12-
<PAGE>

9.03.   Payment. In the discretion of the Administrator, the amount payable when
        -------
an award of Performance Shares is earned may be settled in cash, by the issuance
of Common Stock or a combination of cash and Common Stock. A fractional share
shall not be deliverable when an award of Performance Shares is earned, but a
cash payment will be made in lieu thereof.

                                    ARTICLE X
                                INCENTIVE AWARDS
                                ----------------

10.01.  Award. The Administrator shall designate Participants to whom Incentive
        -----
Awards are made. All Incentive Awards shall be finally determined exclusively by
the Administrator under the procedures established by the Administrator;
provided, however, that no Participant may receive an Incentive Award payment in
any calendar year that exceeds the lesser of (i) $3,000,000 or (ii) 300% of the
Participant's base salary (prior to any salary reduction or deferral elections)
as of the date of grant of the Incentive Award.

10.02.  Terms and Conditions. The Administrator, at the time an Incentive Award
        --------------------
is made, shall specify the terms and conditions which govern the award. Such
terms and conditions shall prescribe that the Incentive Award shall be earned
only upon, and to the extent that, performance objectives are satisfied. The
performance objectives may be stated with respect to (i) the Company's pre-tax
earnings, (ii) the Company's pre-tax earnings in relation to non-cash beginning
assets (beginning assets less beginning cash and short term investments), (iii)
the achievement by the Company, an Affiliate or an operating unit, of stated
objectives based on return on equity, earnings per share, total earnings,
earnings growth, return on capital, or return on assets, (iv) Fair Market Value,
or (v) any combination of the above. Such terms and conditions also may also
include requirements that the Participant complete a specified period of
employment with the Company or an Affiliate. No payments will be made with
respect to Incentive Awards shall be made unless, and then only to the extent
that, the Administrator certifies that stated objectives have been achieved. The
Administrator, at the time an Incentive Award is made, shall also specify when
amounts shall be payable under the Incentive Award and whether amounts shall be
payable in the event of the Participant's death, Disability, or Retirement.

                                   ARTICLE XI
                    PROVISIONS APPLICABLE TO AWARDS GENERALLY
                    -----------------------------------------

11.01.  Limits on Transfer. No right or interest of a Participant in any
        ------------------
unexercised or restricted award issued under the Plan may be pledged,
encumbered, or hypothecated to or in favor of any party other than the Company
or an Affiliate, or shall be subject to any lien, obligation, or liability of
such Participant to any other party other than the Company or an Affiliate. No
unexercised or restricted award shall be assignable or transferable by a
Participant other than by will or the laws of descent and distribution;
provided, however, that the Committee may (but need not) permit other transfers
where the Committee concludes that such transferability (i) does not result in
accelerated taxation, (ii) does not cause any Option intended to be an Incentive
Stock Option to fail to be described in Code Section 422(b), and (iii) is
otherwise appropriate and desirable, taking

                                      -13-
<PAGE>

into account any factors deemed relevant, including without limitation, state or
federal tax or securities laws applicable to transferable awards.

11.02.  Acceleration upon Death or Disability. Except as otherwise provided in
        -------------------------------------
the Agreement, upon the Participant's death or Disability during his employment,
all outstanding Options and SARs shall become fully exercisable and all
restrictions and performance conditions on outstanding Stock Awards, Performance
Shares, and Incentive Shares shall lapse. Any Option or SARs shall thereafter
continue or lapse in accordance with the other provisions of the Plan and the
Agreement. To the extent that this provision causes Incentive Stock Options to
exceed the $100,000 limitation set forth in Section 6.05, the excess Options
shall be deemed to be Non-Qualified Stock Options.

11.03.  Acceleration upon a Change in Control. Except as otherwise provided in
        -------------------------------------
the Agreement, upon termination of a Participant's employment by the Company
without Cause, or by the Participant for Good Reason, within a period of one
year following the occurrence of a Change in Control, all outstanding Options
and SARs held by such Participant shall become fully exercisable and all
restrictions and performance conditions on outstanding Stock Awards, Performance
Shares and Incentive Shares held by such Participant shall lapse; provided,
however that such acceleration will not occur if, in the opinion of the
Company's accountants, such acceleration would preclude the use of "pooling of
interest" accounting treatment for a Change in Control transaction that (a)
would otherwise qualify for such accounting treatment, and (b) is contingent
upon qualifying for such accounting treatment. To the extent that this provision
causes Incentive Stock Options to exceed the $100,000 limitation set forth in
Section 6.05, the excess Options shall be deemed to be Non-Qualified Stock
Options.

11.04.  Acceleration for any other Reason. Regardless of whether an event has
        ---------------------------------
occurred as described in Section 11.03 above, the Committee may in its sole
discretion at any time determine that all or a portion of a Participant's
Options and/or SARs shall become fully or partially exercisable, and/or that all
or a part of the restrictions and performance conditions on all or a portion of
any outstanding Stock Awards, Performance Shares, and Incentive Shares shall
lapse, in each case, as of such date as the Committee may, in its sole
discretion, declare. The Committee may discriminate among Participants and among
awards granted to a Participant in exercising its discretion pursuant to this
Section 11.04. To the extent that this provision causes Incentive Stock Options
to exceed the $100,000 limitation set forth in Section 6.05, the excess Options
shall be deemed to be Non-Qualified Stock Options.

11.05.  Effect of Acceleration. If an award is accelerated under the Plan in
        ----------------------
connection with a particular business transaction, the Committee may, in its
sole discretion, provide (i) that the award will expire after a designated
period of time after such acceleration to the extent not then exercised, (ii)
that the award will be settled in cash rather than Common Stock, (iii) that the
award will be assumed by another party to the transaction giving rise to the
acceleration or otherwise be equitably converted in connection with such
transaction, or (iv) any combination of the foregoing. The Committee's
determination need not be uniform and may be different for different
Participants whether or not such Participants are similarly situated.

                                      -14-
<PAGE>

11.06.  Termination of Employment. Whether military, government or other service
        -------------------------
or other leave of absence shall constitute a termination of employment shall be
determined in each case by the Committee at its discretion, and any
determination by the Committee shall be final and conclusive. A termination of
employment shall not occur (i) in a circumstance in which a Participant
transfers from the Company to one of its Parents or Subsidiaries, transfers from
an Affiliate to the Company, or transfers from one Affiliate to another
Affiliate, or (ii) in the discretion of the Committee as specified at or prior
to such occurrence, in the case of a spin-off, sale or disposition of the
Participant's employer from the Company or any Affiliate. To the extent that
this provision causes Incentive Stock Options to extend beyond three months from
the date a Participant is deemed to be an employee of the Company or an
Affiliate for purposes of Section 424(f) of the Code, the Options held by such
Participant shall be deemed to be Non-Qualified Stock Options.

11.07.  Form of Payment for Awards. Subject to the terms of the Plan and any
        --------------------------
applicable law or Agreement, payments or transfers to be made by the Company or
an Affiliate on the grant or exercise of an award may be made in such form as
the Committee determines at or after the time of grant, including without
limitation, cash, Common Stock, other awards, or other property, or any
combination, and may be made in a single payment or transfer, in installments,
or on a deferred basis, in each case determined in accordance with rules adopted
by, and at the discretion of, the Committee.

                                   ARTICLE XII
                     ADJUSTMENT UPON CHANGE IN COMMON STOCK
                     --------------------------------------

     In the event of a corporate transaction involving the Company (including,
without limitation, any stock dividend, stock split, extraordinary cash
dividend, recapitalization, reorganization, merger, consolidation, split-up,
spin-off, combination or exchange of shares), the authorization limits under
Sections 5.02, 6.01, 7.01, 8.01, and 9.01 shall be adjusted proportionately, and
the Committee may adjust Options, SARs, Performance Shares, Stock Awards and
Deferred Stock Benefits to preserve the benefits or potential benefits of such
awards. Action by the Committee may include: (i) adjustment of the number and
kind of shares which may be delivered under the Plan; (ii) adjustment of the
number and kind of shares subject to outstanding awards; (iii) adjustment of the
exercise price of outstanding awards; and (iv) any other adjustments that the
Committee determines to be equitable. Without limiting the foregoing, in the
event a stock dividend or stock split is declared upon the Common Stock, the
authorization limits under Sections 5.02, 6.01, 7.01, 8.01, and 9.01 shall be
increased proportionately, and the shares of Common Stock then subject to each
Option, SAR, Performance Share, Stock Award and Deferred Stock Benefit shall be
increased proportionately without any change in the aggregate purchase price
therefor.

     The issuance by the Company of shares of stock of any class, or securities
convertible into shares of stock of any class, for cash or property, or for
labor or services, either upon direct sale or upon the exercise of rights or
warrants to subscribe therefor, or upon conversion of shares or obligations of
the Company convertible into such shares or other securities, shall not affect,
and no adjustment by reason thereof shall be made with

                                      -15-
<PAGE>

respect to, the maximum number of shares as to which Options, SARs, Performance
Shares and Stock Awards may be granted or the maximum number of shares that may
be distributed as Deferred Stock Benefits; the per individual limitations on the
number of shares for which Options, SARs, Performance Shares and Stock Awards
may be granted; or the terms of outstanding Stock Awards, Options, Performance
Shares, Incentive Awards or SARs or undistributed Deferred Stock Benefits.

     The Committee may make Stock Awards and may grant Options, SARs,
Performance Shares, and Incentive Awards in substitution for similar awards held
by an individual who becomes an employee of the Company or an Affiliate in
connection with a transaction described in the first paragraph of this Article
XII. Notwithstanding any provision of the Plan (other than the limitation of
Section 5.02), the terms of such substituted awards shall be as the Committee,
in its discretion, determines is appropriate.

                                  ARTICLE XIII
                             COMPLIANCE WITH LAW AND
                          APPROVAL OF REGULATORY BODIES
                          -----------------------------

     No Option or SAR shall be exercisable, no Common Stock shall be issued, no
certificates for shares of Common Stock shall be delivered, and no payment shall
be made under the Plan except in compliance with all applicable federal and
state laws and regulations (including, without limitation, withholding tax
requirements), any listing agreement to which the Company is a party, and the
rules of all domestic stock exchanges on which the Company's shares may be
listed. The Company shall have the right to rely on an opinion of its counsel as
to such compliance. Any share certificate issued to evidence Common Stock when a
Stock Award is granted, a Performance Share is settled or for which an Option or
SAR is exercised may bear such legends and statements as the Administrator may
deem advisable to assure compliance with federal and state laws and regulations.
No Option or SAR shall be exercisable, no Stock Award or Performance Share shall
be granted, no Common Stock shall be issued, no certificate for shares shall be
delivered, and no payment shall be made under the Plan until the Company has
obtained such consent or approval as the Administrator may deem advisable from
regulatory bodies having jurisdiction over such matters.

                                   ARTICLE XIV
                               GENERAL PROVISIONS
                               ------------------

14.01.  Effect on Employment and Service. Neither the adoption of the Plan, its
        --------------------------------
operation, nor any documents describing or referring to the Plan (or any part
thereof), shall confer upon any individual any right to continue in the employ
or service of the Company or an Affiliate or in any way affect any right and
power of the Company or an Affiliate to terminate the employment or service of
any individual at any time with or without assigning a reason therefor.

14.02.  Unfunded Plan. The Plan, insofar as it provides for grants, shall be
        -------------
unfunded, and the Company shall not be required to segregate any assets that may
at any time be represented by grants under the Plan. Any liability of the
Company to any person with

                                      -16-
<PAGE>

respect to any grant under the Plan shall be based solely upon any contractual
obligations that may be created pursuant to the Plan. No such obligation of the
Company shall be deemed to be secured by any pledge of, or other encumbrance on,
any property of the Company.

14.03.  Rules of Construction. Headings are given to the articles and sections
        ---------------------
of the Plan solely as a convenience to facilitate reference. The reference to
any statute, regulation, or other provision of law shall be construed to refer
to any amendment to or successor of such provision of law.

14.04.  No Rights to Awards. No Participant or any eligible participant shall
        -------------------
have any claim to be granted any award under the Plan, and neither the Company
nor the Committee is obligated to treat Participants or eligible participants
uniformly.

14.05.  No Shareholder Rights. Subject to Section 8.04, no award gives the
        ---------------------
Participant any of the rights of a shareholder of the Company unless and until
shares of Common Stock are in fact issued to such person in connection with such
award.

14.06.  Withholding. The Company or any Affiliate shall have the authority and
        -----------
the right to deduct or withhold, or require a Participant to remit to the
Company, an amount sufficient to satisfy federal, state, and local taxes
(including the Participant's FICA obligation) required by law to be withheld
with respect to any taxable event arising as a result of the Plan. With respect
to withholding required upon any taxable event under the Plan, the Committee
may, at the time the award is granted or thereafter, require or permit that any
such withholding requirement be satisfied, in whole or in part, by withholding
from the award shares of Stock having a Fair Market Value on the date of
withholding equal to the minimum amount (and not any greater amount) required to
be withheld for tax purposes, all in accordance with such procedures as the
Administrator establishes.

14.07.  Governing Law. To the extent not governed by federal law, the Plan and
        -------------
all Agreements shall be construed in accordance with and governed by the laws of
the State of North Carolina.

                                   ARTICLE XV
                    AMENDMENT, MODIFICATION, AND TERMINATION
                    ----------------------------------------

15.01.  Amendment, Modification, and Termination. The Committee may, at any time
        ----------------------------------------
and from time to time, amend, modify or terminate the Plan without shareholder
approval; provided, however, that the Committee may condition any amendment or
modification on the approval of shareholders of the Company if such approval is
necessary or deemed advisable with respect to tax, securities or other
applicable laws, policies or regulations.

15.02.  Awards Previously Granted. At any time and from time to time, the
        -------------------------
Committee may amend, modify or terminate any outstanding award without approval
of the Participant; provided, however, that, subject to the terms of the
applicable Agreement, such amendment, modification or termination shall not,
without the Participant's consent,

                                      -17-
<PAGE>

reduce or diminish the value of such award determined as if the award had been
exercised, vested, cashed in or otherwise settled on the date of such amendment
or termination; and provided further that the original term of any Option may
not be extended and, except as otherwise provided in the anti-dilution provision
of the Plan, the exercise price of any Option may not be reduced. No
termination, amendment, or modification of the Plan shall adversely affect any
award previously granted under the Plan, without the written consent of the
Participant. No amendment shall, without the consent of a Program Participant
(as defined in the Program) adversely affect any rights of such Program
Participant under the Program as in effect at the time such amendment is made,
unless such amendment is made in accordance with Section 13 of the Program.

                                   ARTICLE XVI
                                DURATION OF PLAN
                                ----------------

     No Stock Award, Performance Share award, Option, SAR or Incentive Award may
be granted under the Plan after January 31, 2011. Stock Awards, Performance
Shares awards, Options, SARs and Incentive Awards granted before that date shall
remain valid in accordance with their terms.

                                  ARTICLE XVII
                             EFFECTIVE DATE OF PLAN
                             ----------------------

     Options, SARs, Performance Shares and Incentive Awards may be granted under
the Plan upon its adoption by the Board, provided that no Option, SAR,
Performance Shares or Incentive Award shall be effective or exercisable unless
the Plan is approved by a majority of the votes cast by the Company's
shareholders, voting either in person or by proxy, at a duly held shareholders'
meeting at which a quorum is present. Stock Awards may be granted under the Plan
upon the later of its adoption by the Board or its approval by shareholders in
accordance with the preceding sentence. The Program shall remain in effect until
all Deferred Cash Accounts and Deferred Stock Accounts (each, as defined in the
Program) have been distributed in full, unless sooner terminated by the Board in
accordance with Section 13 of the Program.

                                      -18-EXHIBIT 10.1

                             EMPLOYMENT AGREEMENT

      This EMPLOYMENT AGREEMENT (the  "Agreement") is entered into  effective
 as of July 2, 2001, by and  between Mark Newman (the "Employee"), and  Tessa
 Complete Health Care, Inc. ("Company"), a Georgia corporation.

      NOW THEREFORE,  for and  in consideration  of the  mutual promises  and
 covenants contained herein, and for  other good and valuable  consideration,
 the receipt and sufficiency  of which are  hereby acknowledged, the  parties
 hereto agree as follows:

 1.   Employment.  The Company employs the Employee as its Vice President and
 the Employee accepts such  employment and agrees to  perform his duties  and
 responsibilities in  accordance  with  the  terms  and  conditions  of  this
 Agreement.

 1.1  Duties and Responsibilities.

 (a)  The Employee agrees to devote his  time and attention and best  efforts
 to competently and faithfully  promote the interests of  the Company in  his
 capacity as Vice President.  As Vice President, the Employee shall report to
 and be under the  supervision and subject to  the policies of the  President
 and the Board of Directors.  Employee shall have such duties, authority  and
 responsibilities as are set  forth for the Vice  President in the  Company's
 By-laws and as may customarily inure to the office of the vice president  of
 a corporation.

 (b)  The Employee represents to Company that he is not subject to or a party
 to any  employment  agreement, non-competition  covenant,  understanding  or
 restriction which would prohibit the Employee from executing this  Agreement
 and performing fully  his duties  and responsibilities  hereunder, or  which
 would in any manner, directly or indirectly, limit or affect the duties  and
 responsibilities which may now or in the future be assigned to the  Employee
 by the Company  or the scope  of assistance to  which he may  now or in  the
 future provide to affiliates of the Company.

 (c)  Employee may provide services as a volunteer or director to charitable,
 educational or civic organizations, act as a member, director or officer  of
 any industry trade  association or  group, and he  may serve  as a  trustee,
 director or advisor to  any family companies or  trusts, provided that  such
 service does not materially interfere with the performance of his duties  to
 the Company as required under this Agreement.

 (d)  Employee shall perform his  job at Cincinnati, Ohio,  and shall not  be
 required to  work from  any other  location,  except for  reasonable  travel
 required by the Company's business which Employee is willing to accept.

 1.2  Base Salary.    For  all  of the  services  rendered  by  the  Employee
 hereunder, the Company shall pay Employee  a salary of Two Thousand  Dollars
 ($2,000.00) per month  less withholdings  required by  law or  agreed to  by
 Employee, commencing on July  2, 2001, and payable  in installments at  such
 times as the Company customarily pays its other senior officers (but in  any
 event no less often than monthly).  The  Company agrees that the  Employee's
 base salary  and  performance will thereafter  be  reviewed  at  least  once
 annually, to determine if an increase in compensation is appropriate,  which
 increase shall be in the sole discretion of the Board.

 1.3  Sign-on Bonus.  The  Company shall issue  and deliver 12,500,000  fully
 paid and non-assessable shares of its common stock to Employee as a  sign-on
 bonus. The Company  shall use all  reasonable and best  efforts to  promptly
 prepare and file with the Securities and Exchange Commission a  registration
 statement on Form S-8 covering the resale of those shares

 1.4  Stock Options.  The  Employee shall be entitled  to participate in  the
 Company's Long Term Equity Incentive Plan  (the "Plan").  On and subject  to
 the terms  of an  Award Agreement  substantially in  the form  of Exhibit  A
 hereto and  subject to  the Plan,  the  Employee shall  receive a  grant  of
 options to acquire 5,000,000 shares of  the Company's common stock  pursuant
 to the Plan with anti-dilution rights, at a strike price of $ .04 per share,
 exercisable within five (5) years from July 2, 2001.  Said options shall  be
 granted to  Employee  with "piggyback"  registration  rights to  any  shares
 issued  to  Employee  pursuant  to  Employee's  exercise  of  said  options.
 Employee acknowledges that  he shall  have no  "demand" registration  rights
 with respect to any shares  issued to him pursuant  to his exercise of  said
 options.

 1.5  Expenses.   The  Company shall  reimburse  the Employee  for  ordinary,
 reasonable and necessary business expenses incurred in the discharge of  his
 duties and  responsibilities  under this  Agreement,  within 30  days  after
 presentation of an itemized  account and appropriate  written proof of  such
 expenses in accordance  with the  Company's expense  approval procedures  in
 effect from time to time.

 1.6  Benefits.  During the term of employment the Employee shall be provided
 such benefits and be  permitted to participate in  all fringe benefit  plans
 made available to employees  of the Company generally  and to executives  of
 the Company which,  from time  to time at  the Company's  discretion may  be
 provided,  including  without   limitation,  health  insurance,   disability
 insurance, life  insurance  and  related  benefits.  The Employee  shall  be
 entitled to up to 80 hours of vacation  per year, to be taken in  accordance
 with the Company's vacation  policy as it may  be established or amended  by
 the Company from time to time.

 1.7  Confidential Information.  The Employee acknowledges that he will  have
 access to  confidential  information  of the  Company  and  its  affiliates,
 including, without  limitation,  information  and  knowledge  pertaining  to
 research activities, products and services offered, inventions, innovations,
 designs, ideas, plans, trade secrets, proprietary information,  advertising,
 sales methods and systems, sales, cost  and profit figures, customer  lists,
 financing plans, acquisition or divestiture plans, and relationships between
 the Company and  its customers, suppliers  and others who  have had or  will
 have  business  dealings  with  the  Company  ("Confidential  Information").
 Employee acknowledges that such Confidential  Information is a valuable  and
 unique  asset  of  the  Company.   Employee  covenants  that  he  will  hold
 Confidential Information in trust  for the benefit of  the Company and  will
 not, either during or at any  time after termination of employment with  the
 Company, disclose  any such  Confidential Information  to, or  use any  such
 Confidential Information for the benefit of, any person or entity other than
 the Company  and/or its  affiliates for  any reason  whatsoever without  the
 prior written authorization of the Company's  Board of Directors, except  as
 may be required by law or as may be required for the proper discharge of his
 responsibilities to the Company.  In the event that the Employee is  subject
 to a subpoena  or other order  of any governmental  entity which might  seek
 disclosure of Confidential  Information or  otherwise required  by law,  the
 Employee shall furnish a copy  of such subpoena or  order to the Company  as
 soon as practicable but in no event no  later than seven (7) days after  his
 receipt  of  such subpoena  or  order.  Confidential Information  shall  not
 include (i) information known to Employee  before he became employed by  the
 Company, (ii) information  in the public  domain or known  generally in  the
 industry through no  fault of Employee,  and (iii) information  that is  not
 treated by the  Company as confidential  or is disclosed  by the Company  to
 third parties  without  a duty  of  confidentiality imposed  on  such  third
 parties.

 1.8  Non-Interference.  During Employee's employment and  for a period of  6
 months after  termination  (except in  the  event of  termination  for  Good
 Reason, as defined below), Employee will  not, directly or indirectly:   (i)
 induce or solicit any person  who is then employed  by the Company to  leave
 that person's position; (ii) induce or solicit any supplier or vendor to the
 Company to cease  or materially adversely  change its business  relationship
 with the Company; or (iii) participate or engage in any trade or  commercial
 disparagement of the business or operations of the Company and/or any  other
 related entity; and/or disparage the  professional and/or personal lives  of
 any individual  officer, director,  or employee  of the  Company and/or  its
 related entities.

 2.   Term and Termination.

 2.1  Generally.  The term  of this Agreement  and Employee's employment  for
 the Company shall be for a term of  one year, beginning as of the  effective
 date of this Agreement, and renewing daily, unless and until this  Agreement
 is sooner terminated pursuant to the provisions of this Section 2.

 2.2  Notwithstanding  the  foregoing,  this  Agreement  and  the  Employee's
 employment hereunder may be terminated for any of the following reasons:

 (a)  The Company may  terminate this  Agreement for  Cause (and  termination
 will be  effective upon  notice to  the Employee  or after  the end  of  any
 applicable cure  period in  clause (iii)  below).   "Cause" means:  (i)  the
 Employee's indictment, or conviction  for, or plea of  nolo contendere to  a
 felony or other crime involving moral turpitude (excluding traffic offenses)
 which has a material adverse effect on the Company or its business; (ii) the
 Employee's dishonesty or misappropriation of funds; or (iii) failure of  the
 Employee to substantially comply  with any of the  lawful directives of  the
 Board of Directors of the Company  where Employee has the Company  resources
 to comply, or to observe any material terms or provisions of this  Agreement
 or to discharge his fiduciary duties to the Company, where (if curable) such
 failure is not  corrected to  the Company's  reasonable satisfaction  within
 twenty (20) days after written notice from the Company to the Employee.

 (b)  The Company may terminate this Agreement as a result of the  Employee's
 Death or Disability (and termination will  be effective upon the  Employee's
 Death or upon the  Company's notification to  Employee of its  determination
 that  Employee  is Disabled).  "Disability"  or  "Disabled" means  that  the
 Employee has suffered a disability from illness, accident or any other cause
 and is  unable to  perform a  substantial  portion of  his usual  duties  or
 employment for a  total (consecutive or  cumulative) of 120  days in any  12
 month period after the date the disability commenced.

 (c)  The Company  may terminate  this Agreement  at any  time Without  Cause
 ("Termination by  the  Company  Without  Cause")  and  termination  will  be
 effective upon the  Company's notification  to the  Employee of  Termination
 Without  Cause.  "Termination  by  the   Company  Without  Cause"  means   a
 termination of this Agreement by the  Company for any reason other than  for
 Cause, Death or Disability.

 (d)  The  Employee  may  terminate  this  Agreement  for  Good  Reason  (and
 termination will be effective after  the end of the  30 day notice and  cure
 period).  "Good Reason" means that any of the following events has  occurred
 (other than as a result of an event that would be grounds for a  termination
 for Cause, or for Death or Disability) and has not been corrected within  30
 days after Employee's notice  to the Company:   (i) the failure to  continue
 Employee as Vice-President of the Company, (ii) a material reduction to  the
 Employee's total  duties  and  responsibilities  as  Vice-President  of  the
 Company; (iii)  a  reduction  of  Employee's  annual  base  salary;  (iv)  a
 requirement by the Company or the Board that the Employee be relocated to  a
 Company office more  than 20  miles from  the Employee's  office located  in
 Cincinnati, Ohio, or  (v) a material  breach by the  Company of  any of  the
 terms of this Agreement.

 (e)  The Employee  may terminate  this Agreement  upon the  occurrence of  a
 Change of Control; provided that the Employee gives the Company at least  30
 days prior  written notice  of Employee's  intention to  terminate for  that
 reason (and termination will be effective at the end of the 30-day  period).
 A "Change of Control" with  respect to the Company  shall be deemed to  have
 occurred at the  time of the  earliest to occur  of the  following: (i)  any
 "person" as such  term is  used in Sections  13(d) and  14(d) of  Securities
 Exchange Act  of 1934,  as  amended (the  "Exchange  Act") (other  than  the
 Company, any trustee or other fiduciary holding securities under an employee
 benefit plan of the Company, or  any company owned, directly or  indirectly,
 by the share owners of the company in substantially the same proportions  as
 their ownership of  stock of  the Company),  is or  becomes the  "beneficial
 owner" (as  defined in  Rule  13d-3 under  the  Exchange Act),  directly  or
 indirectly, of securities of the Company representing fifty percent (50%) or
 more of  the  combined  voting  power  of  the  Company's  then  outstanding
 securities; (ii)  the  share owners  of  the  Company approve  a  merger  or
 consolidation of the Company with any other company, other than (A) a merger
 or consolidation which would result in the voting securities of the  Company
 outstanding immediately  prior thereto  continuing to  represent (either  by
 remaining outstanding or by  being converted into  voting securities of  the
 surviving entity) more than 50% of  the combined voting power of the  voting
 securities of the Company or  such surviving entity outstanding  immediately
 after such  merger  or  consolidation, or  (B)  a  merger  or  consolidation
 effected to  implement  a change  of  domicile or  recapitalization  of  the
 Company (or  similar  transaction)  in which  no  "person"  (as  defined  in
 subsection (i) above) acquires more than 50% of the combined voting power of
 the Company's then outstanding securities; or (iii) the share owners of  the
 Company approve a plan of liquidation of the Company or an agreement for the
 sale or  disposition by  the Company  of  all or  substantially all  of  the
 Company's assets.

 (f)  The Employee may  terminate this Agreement  at any  time Without  Cause
 ("Termination by the Employee Without Cause")  by providing 30 days  written
 notice  to  Company   of  Termination   by  the   Employee  Without   Cause.
 "Termination by  the Employee  Without Cause"  means a  termination of  this
 Agreement by  the Employee  for any  reason other  than for  Good Reason  or
 Change of Control.

 2.3  Consequences of Termination.

 (a)  Upon a termination of this Agreement for Cause, as a result of Death or
 Disability, Without Cause (whether by Employer or Employee), for Good Reason
 or as a result of a Change of Control, the Company will be obligated to  pay
 the Employee's base  salary, unreimbursed business  expenses and earned  but
 unused vacation through the effective date  of termination, but the  Company
 will have no other obligations to the Employee except to the extent required
 by law and this Agreement.

 (b)  Upon  a  termination  of  this  Agreement  as  a  result  of  Death  or
 Disability, Termination Without Cause by Employer,  for Good Reason or as  a
 result of a Change of Control, the Company will pay Employee the  Separation
 Payment; provided, however,  it is a  condition precedent  to the  Company's
 obligation to  pay, and  the Employee's  right  to receive,  the  Separation
 Payment that  the Employee  has  executed and  delivered  a release  to  the
 Company releasing Company from all claims,  known and unknown, arising  from
 employment.  The  "Separation Payment" shall  be a payment  of Six  Thousand
 Dollars ($6,000.00), less  applicable withholding, payable  within five  (5)
 days  of  the termination  of this  Agreement.  The Employee  shall also  be
 entitled, on and subject to the terms of an Award Agreement substantially in
 the form of Exhibit A hereto and subject to the Plan, to receive a grant  of
 options to acquire 5,000,000 shares of  the Company's common stock  pursuant
 to the Plan,  with anti-dilution  rights, at  a strike  price of  $ .04  per
 share, exercisable within  five (5) years  from the date  of termination  of
 this Agreement.  Said options shall be granted to Employee with  "piggyback"
 registration rights to any shares issued to Employee pursuant to  Employee's
 exercise  of  said options.  Employee  acknowledges that  he shall  have  no
 "demand" registration  rights  with respect  to  any shares  issued  to  him
 pursuant to his exercise of said options.

 (c)  Employee shall not be required to mitigate any loss or damage he incurs
 as a result  of the  termination of  his employment  because of  Disability,
 Termination by the  Company Without Cause,  for Good Reason  or a Change  of
 Control, and the  amount of  any payment the  Company is  obligated to  make
 hereunder shall not be reduced by  the amount Employee may receive from  any
 other source.  If Employee prevails in any claim he brings in arbitration to
 enforce Employee's rights under  this Section 2, the  Company shall pay  all
 reasonable attorneys fees  and expenses Employee  incurs in connection  with
 such action.

 (d)  Upon termination of this  Agreement for any  reason, Employee shall  be
 deemed to have  resigned as an  officer and director  of the  Company, as  a
 trustee of any employee benefit plans  and from any other official  capacity
 in connection with the Company or its business.

 (e)  Upon termination or  expiration of  this Agreement,  regardless of  the
 reason, the Employee shall return to the Company all Company property in the
 Employee's  possession  or  under  Employee's  control,  including   without
 limitation, all Confidential Information.

 3.   Arbitration.  In the event of any controversy, dispute or claim arising
 out of or  related to  this Agreement or  the Employee's  employment by  the
 Company, the controversy,  dispute or claim,  shall be  finally resolved  by
 binding arbitration, conducted in Cincinnati,  Ohio, in accordance with  the
 National Rules of the American Arbitration Association governing  employment
 disputes.

 4.   Miscellaneous.

 4.1  The Company agrees to fully defend, indemnify ad hold Employee harmless
 against all claims, demands,  causes of action or  lawsuits which may  arise
 and which relate to or arise out  of his services  as Vice President of  the
 Company, whether such claims, demands, causes of action or lawsuits are made
 when Employee is employed by the Company or thereafter.  The Company  agrees
 to maintain  Directors and  Officers insurance  coverage covering  Employee,
 with limits of at least Two Million Dollars ($2,000,000.00) at all times.

 4.2  This Agreement shall be governed by  and interpreted under the laws  of
 the State of Ohio, without giving  effect to the principles of conflicts  of
 laws thereof.  Words of the masculine, feminine or neuter gender shall  mean
 and include the correlative  words  of other genders.  The headings in  this
 Agreement are  for  purposes  of  reference only  and  shall  not  limit  or
 otherwise affect the meaning hereof.  Unless the context otherwise requires,
 references in this Agreement to any gender shall be construed to include all
 other genders; references in the singular shall be construed to include  the
 plural, and  references in  the plural  shall be  construed to  include  the
 singular; and the  word "including" shall  be construed  to mean  "including
 without limitation."

 4.3  This Agreement (including the Award Agreement and Plan) constitutes the
 entire understanding agreement  between the parties  concerning the  subject
 matter  hereof  supersedes  all   prior  discussions,  representations   and
 agreements (written or oral) concerning such  subject matter, none of  which
 prior matters shall be binding upon the parties.  This Agreement may not  be
 changed, modified,  extended or  terminated  except upon  written  amendment
 executed by the  Employee and by  the duly appointed  representative of  the
 Board of Directors of the Company.  Employee acknowledges that from time  to
 time the Company or  its affiliates may  establish, maintain and  distribute
 employee manuals or handbooks or personnel  policy manuals, and officers  or
 other representatives of  the Company may  make written  or oral  statements
 relating to personnel policies and procedures.  Such manuals, handbooks  and
 statements are intended only for general guidance.  No policies,  procedures
 or statements of any nature by or on behalf of the Company (whether  written
 or oral, and whether or not  contained in any employee manual or  handbook),
 and no acts or practices  of any nature, shall  be construed to modify  this
 Agreement or to create express or  implied obligations of any nature to  the
 Employee or to impose any such obligations on the Employee in conflict  with
 or in any manner inconsistent with the provisions of this Agreement.

 4.4  All notices and other communications required or permitted hereunder or
 necessary or convenient in connection herewith shall be in writing and shall
 be deemed to have  been given when hand-delivered,  mailed by registered  or
 certified mail  (three  days  after  deposited),  faxed  (with  confirmation
 received) or sent  by a nationally  recognized courier  service, as  follows
 (provided that notice of change of  address shall be deemed given only  when
 received) to the parties at their addresses beneath their signatures on  the
 signature page hereof or to such other names and addresses as the Company or
 the Employee, as the case  may be, shall designate  by notice to each  other
 person entitled to receive notices in the manner specified in this Section.

 4.5  All of the terms and provisions of this Agreement shall be binding upon
 and inure to  the benefit  of and be  enforceable by  the respective  heirs,
 executors, administrators, legal representatives, successors and assigns  of
 the parties  hereto, except  that the  duties  and responsibilities  of  the
 Employee hereunder are of a personal  nature and shall not be assignable  or
 delegable in whole  or in  part by  the Employee,  and the  Company may  not
 transfer or convey  its rights hereunder  to any third  party other than  an
 affiliate of the Company  without the prior express  written consent of  the
 Employee.

 4.6  If any provision of this Agreement or application thereof to any person
 or circumstance is held  invalid or unenforceable  in any jurisdiction,  the
 remainder of this Agreement shall not be affected thereby and the provisions
 hereof shall be severable.  Any such invalid or unenforceable portion  shall
 be deemed modified to the minimum extent necessary to be valid and shall  be
 enforced as so modified.

 4.7  No remedy conferred upon the Company or the Employee by this  Agreement
 is intended to be  exclusive of any  other remedy, and  each and every  such
 remedy shall be  cumulative and  shall be in  addition to  any other  remedy
 given hereunder or now or hereafter existing at law or in equity.  Except as
 specifically provided in this Agreement, no delay or omission by the Company
 or by the  Employee in exercising  any right, remedy  or power hereunder  or
 existing at law or in equity shall be construed as a waiver thereof, and any
 such right,  remedy or  power may  be exercised  by the  Company or  by  the
 Employee from  time to  time and  as often  as may  be deemed  expedient  or
 necessary by the Company or by the Employee in their sole discretion.

      IN WITNESS WHEREOF,  the undersigned,  intending to  be legally  bound,
 have executed this Employment Agreement to be effective as of the date first
 set forth above.

                               EMPLOYEE:

                               ______________________________________
                               MARK NEWMAN

                               EMPLOYER:

                               TESSA COMPLETE HEALTH CARE, INC.
                               35 Fulford Avenue, Suite 100
                               Bel Air, Maryland 21014

                               ___________________________________
                               BRIAN L. REGAN
                               President, CEO & Director

                               __________________________________
                               NORM PERRY
                               Director

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