Document:

Exhibit 10.6

NONCOMPETITION AGREEMENT

This NONCOMPETITION AGREEMENT  is
being executed and delivered as of June 26, 2007 by VIKAS RIJSINGHANI (the “Stockholder”) in favor of, and for the
benefit of: WEBSITE
PROS, INC., a Delaware corporation (the “Purchaser”) and the
other “Indemnitees”
(as hereinafter defined).  Certain
capitalized terms used in this Noncompetition Agreement are defined in Section
18.

RECITALS

A.            As a stockholder and employee of WEB.COM, INC.,
a Minnesota corporation (the “Company”), the Stockholder has obtained
extensive and valuable knowledge and confidential information concerning the
businesses of the Company and its subsidiary. 
(The Company and its subsidiaries are referred to collectively herein as
the “Acquired Companies.”)

B.            Pursuant to an Agreement and Plan of
Merger and Reorganization among the Purchaser, the Company, a wholly-owned
subsidiary of Purchaser (“Merger
Sub”), the Stockholder and certain other parties (the “Merger Agreement”),
which agreement has been executed concurrently herewith, the Company is merging
with and into Merger Sub and all outstanding shares of the Company’s capital
stock are being converted, partially, into shares of common stock of the
Purchaser (the “Transaction”).  As a result of the Transaction, the Acquired
Companies are becoming wholly-owned subsidiaries of the Purchaser.

C.            As a shareholder
and key employee of the Company, the Stockholder has obtained extensive and
valuable knowledge and confidential information concerning the business that is
the subject of the Merger.

C.            In connection with the Transaction
(and as a condition to the consummation of such Transaction), and to enable the
Purchaser to secure more fully the benefits of such Transaction, including
without limitation the Company’s trade secrets, confidential business
information, substantial relationships with specific prospective or existing
customers, and customer goodwill, the Purchaser has required that the
Stockholder enter into this Noncompetition Agreement; and the Stockholder is entering
into this Noncompetition Agreement to induce the Purchaser to consummate the
Transaction contemplated by the Merger Agreement, with all of the attendant
financial benefits to the Stockholder as an employee and shareholder of the
Company.

D.            As a condition of the Transaction,
the Stockholder is becoming a key employee of the Purchaser (“Stockholder’s Employment”) and will accordingly obtain extensive and valuable
knowledge and proprietary and confidential information concerning the
businesses of the Purchaser, the Acquired Companies and the Purchaser’s other
subsidiaries.

E.             The Purchaser, the Acquired
Companies and the Purchaser’s other subsidiaries have conducted, are conducting
and expect to continue to conduct their respective businesses on a national
basis.

AGREEMENT

To induce the
Purchaser to consummate the transactions contemplated by the Merger Agreement,
and for other good and valuable consideration (the receipt and sufficiency of
which are hereby acknowledged), the Stockholder hereby agrees as follows:

1.             Restriction on Competition.  The Stockholder agrees
that, during the Noncompetition Period, the Stockholder shall not, and shall
not permit any of his Affiliates to directly or indirectly (whether as an
employee, officer, director, stockholder, owner, co-owner, Affiliate, partner,
promoter, joint venturer, consultant, agent, licensor or in any other capacity
whatsoever) engage in Competition in any Restricted Territory; provided, however, that the Stockholder may, without violating this
Section 1 (A) own, as a passive investment, shares of capital stock of a
publicly-held corporation that engages in Competition if (i) such shares are
actively traded on an established national securities market in the United
States, (ii) the number of shares of such corporation’s capital stock that are
owned beneficially (directly or indirectly) by the Stockholder and the number
of shares of such corporation’s capital stock that are owned beneficially
(directly or indirectly) by the Stockholder’s Affiliates collectively represent
less than five percent (5%) of the total number of shares of such corporation’s
capital stock outstanding, and (iii) neither the Stockholder nor any Affiliate
of the Stockholder is otherwise associated directly or indirectly with such corporation
or with any Affiliate of such corporation and (B) own, beneficially or
directly, equity interests in the Company, any of the Acquired Companies, and
any of their Affiliates.

2.             No Hiring or Solicitation of
Employees.  The
Stockholder agrees that, during the Noncompetition Period, the Stockholder
shall not, and shall not knowingly permit any of his Affiliates to:
(a) hire any Specified Employee, or (b) directly or indirectly, personally
or through others, encourage, induce, attempt to induce, solicit or attempt to
solicit (on the Stockholder’s own behalf or on behalf of any other Person) any
employee of the Purchaser or any of the Purchaser’s subsidiaries to leave his
or her employment with the Purchaser or any of the Purchaser’s
subsidiaries.  For purposes of this
Agreement, “Specified
Employee” shall mean any individual serving in a management
capacity (title of director or higher) or in a highly skilled position who (i)
is or was an employee of the Company as of the date of this Noncompetition Agreement,
and (ii) remains an employee of the Purchaser or the Company or becomes an
employee of the Purchaser or any of the Purchaser’s other subsidiaries at any
time from the date hereof until the termination of the Stockholder’s
Employment; a Specified Employee shall not include (A) any employee who has
been terminated by the Purchaser, or (ii) any employee who has been separated
as an employee of the Purchaser for more than 90 days.

3.             Representations and
Warranties.  The
Stockholder represents and warrants, to and for the benefit of the Indemnitees,
that: (a) he has full power and capacity to execute and deliver, and to perform
all of his obligations under, this Noncompetition Agreement; and (b) neither
the execution and delivery of this Noncompetition Agreement nor the performance
of this Noncompetition Agreement will result directly or indirectly in a
violation or breach of (i) any agreement or obligation by which the Stockholder
or, to the best of Stockholder’s knowledge, any of his Affiliates is or may be
bound, or (ii) any law, rule or regulation. 
The Stockholder’s representations and warranties shall survive the
expiration of the Noncompetition Period for an unlimited period of time.

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4.             Specific Performance.  The Stockholder agrees
that, in the event of any breach or threatened breach by the Stockholder of any
covenant or obligation contained in this Noncompetition Agreement, each of the
Purchaser and the other Indemnitees shall be entitled (in addition to any other
remedy that may be available to it, including monetary damages) to seek and
obtain (a) a decree or order of specific performance to enforce the
observance and performance of such covenant or obligation, and (b) an
injunction restraining such breach or threatened breach.  The Stockholder further agrees that no
Indemnitee shall be required to obtain, furnish or post any bond or similar
instrument in connection with or as a condition to obtaining any remedy
referred to in this Section 4, and the Stockholder irrevocably waives any right
he may have to require any Indemnitee to obtain, furnish or post any such bond
or similarly instrument.

5.             Indemnification.  Without in any way limiting
any of the rights or remedies otherwise available to any of the Indemnitees,
the Stockholder shall indemnify and hold harmless each Indemnitee against and
from any loss, damage, injury, harm, liability, exposure, claim, demand,
settlement, judgment, award, fine, penalty, tax, fee (including reasonable
attorneys’ fees), charge or expense (whether or not relating to any third-party
claim) that is suffered or incurred at any time (whether during or after the
Noncompetition Period) by such Indemnitee, or to which such Indemnitee
otherwise becomes subject at any time (whether during or after the
Noncompetition Period), and that arises out of or by virtue of, or relates
directly to, (a) any inaccuracy in or breach of any representation or
warranty contained in this Noncompetition Agreement, or (b) any failure on
the part of the Stockholder to observe, perform or abide by, or any other
breach of, any material restriction, covenant, obligation or other provision
contained in this Noncompetition Agreement.

6.             Non-Exclusivity.  The rights and remedies of
the Purchaser and the other Indemnitees under this Noncompetition Agreement are
not exclusive of or limited by any other rights or remedies which they may
have, whether at law, in equity, by contract or otherwise, all of which shall
be cumulative (and not alternative). 
Without limiting the generality of the foregoing, the rights and
remedies of the Purchaser and the other Indemnitees under this Noncompetition
Agreement, and the obligations and liabilities of the Stockholder under this
Noncompetition Agreement, are in addition to their respective rights, remedies,
obligations and liabilities under the law of unfair competition, under laws
relating to misappropriation of trade secrets, under other laws and common law
requirements and under all applicable rules and regulations.  Nothing in this Noncompetition Agreement
shall limit any of the Stockholder’s obligations, or the rights or remedies of
the Purchaser or any of the other Indemnitees, under the Merger Agreement; and
nothing in the Merger Agreement shall limit any of the Stockholder’s
obligations, or any of the rights or remedies of the Purchaser or any of the
other Indemnitees, under this Noncompetition Agreement.

7.             Severability.  Any term or provision of
this Noncompetition Agreement that is invalid or unenforceable in any situation
in any jurisdiction shall not affect the validity or enforceability of the
remaining terms and provisions hereof or the validity or enforceability of the
offending term or provision in any other situation or in any other
jurisdiction.  If the final judgment of a
court of competent jurisdiction declares that any term or provision hereof is
invalid or unenforceable, the parties hereto agree that the court making such
determination shall have the power to limit the term or provision, to delete
specific words or phrases, or to replace

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any invalid or unenforceable
term or provision with a term or provision that is valid and enforceable and
that comes closest to expressing the intention of the invalid or unenforceable
term or provision, and this Noncompetition Agreement shall be enforceable as so
modified.  In the event such court does
not exercise the power granted to it in the prior sentence, the parties hereto
agree to replace such invalid or unenforceable term or provision with a valid
and enforceable term or provision that will achieve, to the extent possible,
the economic, business and other purposes of such invalid or unenforceable
term.

8.             Governing Law; Venue.   This Noncompetition
Agreement shall be construed in accordance with, and governed in all respects
by, the laws of the State of Florida (without giving effect to principles of
conflicts of laws).

9.             Waiver.  No failure on the part of
the Purchaser or any other Indemnitee to exercise any power, right, privilege
or remedy under this Noncompetition Agreement, and no delay on the part of the
Purchaser or any other Indemnitee in exercising any power, right, privilege or
remedy under this Noncompetition Agreement, shall operate as a waiver of such
power, right, privilege or remedy; and no single or partial exercise of any
such power, right, privilege or remedy shall preclude any other or further
exercise thereof or of any other power, right, privilege or remedy.  No Indemnitee shall be deemed to have waived
any claim of such Indemnitee arising out of this Noncompetition Agreement, or
any power, right, privilege or remedy of such Indemnitee under this
Noncompetition Agreement, unless the waiver of such claim, power, right,
privilege or remedy is expressly set forth in a written instrument duly
executed and delivered on behalf of such Indemnitee; and any such waiver shall
not be applicable or have any effect except in the specific instance in which
it is given.

10.          Successors and Assigns.  Each of the Purchaser and
the other Indemnitees may assign any or all of its rights under this
Noncompetition Agreement, at any time, to any
other corporation or other business entity which succeeds to all or
substantially all of the business of the Purchaser through merger,
consolidation, corporate reorganization or by acquisition of all or
substantially all of the assets of the Purchaser without obtaining the
consent or approval of the Stockholder or of any other Person.  This Noncompetition Agreement shall be
binding upon the Stockholder and his heirs, executors, estate, personal
representatives, successors and assigns, and shall inure to the benefit of the
Purchaser and the other Indemnitees.

11.          Further Assurances.  The Stockholder shall
execute and/or cause to be delivered to each Indemnitee such instruments and
other documents, and shall take such other actions, as such Indemnitee may
reasonably request at any time (whether during or after the Noncompetition
Period) for the purpose of carrying out or evidencing compliance with any of
the provisions of this Noncompetition Agreement.

12.          Attorneys’ Fees.  If any legal action or
other legal proceeding relating to this Noncompetition Agreement or the
enforcement of any provision of this Noncompetition Agreement is brought
against the Stockholder by any Person entitled to enforcement of the provisions
hereof, the prevailing party in such legal action or legal proceeding shall be
entitled to recover reasonable attorneys’ fees, costs and disbursements (in
addition to any other relief to which the prevailing party may be entitled).

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13.          Captions.  The captions contained in this
Noncompetition Agreement are for convenience of reference only, shall not be
deemed to be a part of this Noncompetition Agreement and shall not be referred
to in connection with the construction or interpretation of this Noncompetition
Agreement.

14.          Construction.  Whenever required by the
context, the singular number shall include the plural, and vice versa; the
masculine gender shall include the feminine and neuter genders; and the neuter
gender shall include the masculine and feminine genders.  Any rule of construction to the effect that
ambiguities are to be resolved against the drafting party shall not be applied
in the construction or interpretation of this Noncompetition Agreement.  Neither the drafting history nor the
negotiating history of this Noncompetition Agreement shall be used or referred
to in connection with the construction or interpretation of this Noncompetition
Agreement.  As used in this
Noncompetition Agreement, the words “include” and “including,” and variations
thereof, shall not be deemed to be terms of limitation, and shall be deemed to
be followed by the words “without limitation.” Except as otherwise indicated in
this Noncompetition Agreement, all references in this Noncompetition Agreement
to “Sections” are intended to refer to Sections of this Noncompetition
Agreement.

15.          Survival of Obligations.  Except as specifically
provided herein, the obligations of the Stockholder under this Noncompetition
Agreement (including his obligations under Sections 3, 5 and 11) shall survive
the expiration of the Noncompetition Period. 
The expiration of the Noncompetition Period shall not operate to relieve
the Stockholder of any obligation or liability arising from  any
prior breach by the Stockholder of any provision of this Noncompetition Agreement.

16.          Obligations Absolute.  The Stockholder’s
obligations under this Noncompetition Agreement are absolute and shall not be
terminated or otherwise limited by virtue of any breach (on the part of the
Purchaser, any other Indemnitee or any other Person) of any provision of the
Merger Agreement or any other agreement, or by virtue of any failure to perform
or other breach of any obligation of the Purchaser, any other Indemnitee or any
other Person.

17.          Amendment.  This Noncompetition
Agreement may not be amended, modified, altered or supplemented other than by
means of a written instrument duly executed and delivered on behalf of the
Stockholder and the Purchaser (or any successor to the Purchaser).

18.          Defined Terms.  For purposes of this
Noncompetition Agreement:

(a)           “Affiliate” means, with
respect to any specified Person, any other Person that, directly or indirectly,
through one or more intermediaries, controls, is controlled by or is under
common control with such specified Person.

(b)           “Competing Product” means any website design
and development software and website hosting software.

(c)           “Competing Core Service” means
any website design services, website development services and website
hosting services provided to small and medium sized businesses.

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(d)           “Competing Web Service” means the provision of
either of the following with a Competing Core Service: (i) internet
marketing and advertising services, or (ii) lead generation products and
services of others to small and medium sized businesses.

(e)           A Person shall be
deemed to be engaged in “Competition”
if: (a) such Person or any of such Person’s Affiliates is engaged directly or
indirectly in the design, development, manufacture, assembly, promotion, sale,
supply, distribution, resale, installation, support, maintenance, repair,
refurbishment, licensing, sublicensing, financing, leasing or subleasing of any
Competing Product; or (b) such Person or any of such Person’s Affiliates is
engaged directly or indirectly in providing, performing, marketing, or offering
any Competing Core Service or a Competing Web Service.  A Person shall not be deemed to be engaged in
Competition if (i) such Person works in a supervisory or oversight position for
a larger enterprise that offers a Competing Product, a Competing Core Service
or a Competing Web Service, but such Person has no direct supervisory or
oversight responsibilities with respect to such Competing Product, Competing
Core Service or Competing Web Service and such Competing Product,
Competing Core Service or Competing Web Service is not a material part of the
operations of such enterprise, or (ii) such Person works for a larger
enterprise that does offer a Competing Product, a Competing Core Service or a
Competing Web Service, but such person works in a supervisory or oversight
position of a subsidiary, division or branch of such enterprise that does
not offer a Competing Product, a Competing Core Service or a Competing Web
Service as a material part of the operations of such subsidiary, branch or
division and such Person has no direct supervisory or oversight
responsibilities respect to such Competing Product, Competing Core Service or
Competing Web Service.

(f)             “Indemnitees” shall include:
(i) the Purchaser; (ii) each Person who is or becomes an Affiliate of the
Purchaser; (iii) the Acquired Companies; and (iv) the successors and assigns of
each of the Persons referred to in clauses “(i),” “(ii)” and “(iii)” of this
sentence.

(g)           “Noncompetition Period” shall
mean the period commencing on the date of the closing of the Transaction and
ending on the third anniversary of the date of the Closing of the Transaction; provided, however, that in the event of any breach on the
part of the Stockholder of any provision of this Noncompetition Agreement, the
Noncompetition Period shall be automatically extended by a number of days equal
to the total number of days in the period from the date on which such breach
shall have first occurred through the date as of which such breach shall have
been fully cured.  If the Transactions does not close as
contemplated in the Merger Agreement and the Merger Agreement is terminated,
this Noncompetition Agreement shall have no effect, and neither the Company nor
Stockholder shall have any obligations hereunder.

(h)           “Person” means any: (i)
individual; (ii) corporation, general partnership, limited partnership, limited
liability partnership, trust, company (including any limited liability company
or joint stock company) or other organization or entity; or (iii) governmental
body or authority.

(i)            “Restricted Territory” means
each county or similar political subdivision of each State of the United States
of America, and each State, territory or possession of the United States of
America.

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**End
of Noncompetition Agreement – Signature Page Follows**

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IN WITNESS WHEREOF, the Stockholder has duly executed
and delivered this Noncompetition Agreement as of the date first above written.

	
   

  	
  STOCKHOLDER:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  VIKAS RIJSINGHANI

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Signed:

  	
   

  	
  /s/ Vikas Rijsinghani

  	
   

  
	
   

  	
  Address:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Telephone No.:
  (      )

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Facsimile No.:
  (      )

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  E-Mail Address:

  	
   

  	
   

  
								

 

 8Exhibit 10.1

1991 STOCK PLAN OF

INCYTE CORPORATION

(As
Amended on March 13, 2007)

SECTION 1.   ESTABLISHMENT AND PURPOSE.

The Plan was adopted on November 7, 1991, amended
and restated on February 15, 2001, and amended on February 27, 2002,
March 15, 2003 and March 13, 2007. The purpose of the Plan is to
offer selected employees and consultants an opportunity to acquire a
proprietary interest in the success of the Company, or to increase such
interest, by purchasing Shares of the Company’s Stock. The Plan provides both
for the direct award or sale of Shares and for the grant of Options to purchase
Shares. Options granted under the Plan may include Nonstatutory Options as well
as ISOs intended to qualify under section 422 of the Code.

The Plan is intended to comply in all respects with
Rule 16b-3 (or its successor) under the Exchange Act and shall be
construed accordingly.

SECTION 2.   DEFINITIONS.

(a)  “Board of Directors”
shall mean the Board of Directors of the Company, as constituted from time to
time.

(b)  “Change in Control”
shall mean the occurrence of either of the following events:

(i)  A change in the composition of the Board of
Directors, as a result of which fewer than one-half of the incumbent directors
are directors who either:

(A)  Had been directors of the Company
24 months prior to such change; or

(B)  Were elected, or nominated for election, to
the Board of Directors with the affirmative votes of at least a majority of the
directors who had been directors of the Company 24 months prior to such
change and who were still in office at the time of the election or nomination;
or

(ii)  Any “person” (as such term is used in
sections 13(d) and 14(d) of the Exchange Act) by the acquisition or
aggregation of securities is or becomes the beneficial owner, directly or
indirectly, of securities of the Company representing 50 percent or more
of the combined voting power of the Company’s then outstanding securities ordi­narily
(and apart from rights accruing under special circumstances) having the right
to vote at elections of directors (the “Base Capital Stock”); except that any
change in the relative beneficial ownership of the Company’s securities by any
person resulting solely from a reduction in the aggregate number of outstanding
shares of Base Capital Stock, and any decrease thereafter in such person’s
ownership of securities, shall be disregarded until such person increases in
any manner, directly or indirectly, such person’s beneficial ownership of any
securities of the Company.

(c)  “Code” shall
mean the Internal Revenue Code of 1986, as amended.

(d)  “Committee”
shall mean a committee of the Board of Directors, as described in
Section 3(a).

(e)  “Company” shall
mean Incyte Corporation (formerly Incyte Genomics, Inc.), a Delaware
corporation.

(f)  “Employee” shall
mean (i) any individual who is a common-law employee of the Company
or of a Subsidiary or (ii) an independent contractor who performs services
for the Company or a Subsidiary and who is not a member of the Board of
Directors. Service as an independent contractor shall be considered employ­ment
for all purposes of the Plan except the second sentence of Section 4(a).

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

(h)  “Exercise Price”
shall mean the amount for which one Share may be purchased upon exercise of an
Option, as speci­fied by the Committee in the applicable Stock Option
Agreement.

(i)  “Fair Market Value,”
with respect to a Share, shall mean the market price of one Share of Stock,
determined by the Committee as follows:

(i)  If the Stock was traded over-the-counter on
the date in question but was not traded on The Nasdaq Stock Market, then the
Fair Market Value shall be equal to the last-transaction price quoted for such
date by the OTC Bulletin Board or, if not so quoted, shall be equal to the mean
between the last reported representative bid and asked prices quoted for such
date by the principal automated inter-dealer quotation system on which the
Stock is quoted or, if the Stock is not quoted on any such system, by the “Pink
Sheets” published by the National Quotation Bureau, Inc.;

(ii)  If the Stock was traded on The Nasdaq Stock
Market, then the Fair Market Value shall be equal to the last reported sale
price quoted for such date by The Nasdaq Stock Market;

(iii)  If the Stock was traded on a United States
stock exchange on the date in question, then the Fair Market Value shall be
equal to the closing price reported for such date by the applica­ble
composite-transactions report; and

(iv)  If none of the foregoing provisions is
applica­ble, then the Fair Market Value shall be determined by the Committee in
good faith on such basis as it deems appropriate.

In all cases, the determination of Fair Market Value
by the Committee shall be conclusive and binding on all persons.

(j)  “ISO” shall mean
an employee incentive stock option described in section 422(b) of the
Code.

(k)  “Nonstatutory Option”
shall mean an employee stock option not described in sections 422(b) or
423(b) of the Code.

(l)  “Offeree” shall
mean an individual to whom the Committee has offered the right to acquire
Shares under the Plan (other than upon exercise of an Option).

(m)  “Option” shall
mean an ISO or Nonstatutory Option granted under the Plan and entitling the
holder to purchase Shares.

(n)  “Optionee” shall
mean an individual who holds an Option.

(o)  “Plan” shall
mean this Amended and Restated 1991 Stock Plan of Incyte Corporation.

(p)  “Purchase Price”
shall mean the consideration for which one Share may be acquired under the Plan
(other than upon exercise of an Option), as specified by the Committee.

(q)  “Service” shall
mean service as an Employee.

(r)  “Share” shall
mean one share of Stock, as adjusted in accordance with Section 9 (if
applicable).

(s)  “Stock” shall
mean the Common Stock, $.001 par value, of the Company.

(t)  “Stock Option Agreement”
shall mean the agreement between the Company and an Optionee which contains the
terms, conditions and restrictions pertaining to his or her Option.

(u)  “Stock Purchase Agreement”
shall mean the agree­ment between the Company and an Offeree who acquires
Shares under the Plan which contains the terms, conditions and restric­tions
pertaining to the acquisition of such Shares.

(v)  “Subsidiary”
shall mean any corporation, if the Company and/or one or more other
Subsidiaries own not less than 50 percent of the total combined voting
power of all classes of outstanding stock of such

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corporation. A
corporation that attains the status of a Subsidiary on a date after the
adoption of the Plan shall be considered a Subsidiary commencing as of such
date.

(w)  “Total and Permanent
Disability” shall mean that the Optionee is unable to engage in any
substantial gainful activity by reason of any medically determinable physical
or mental impairment which can be expected to result in death or which has
lasted, or can be expected to last, for a continuous period of not less than
one year.

SECTION 3.   ADMINISTRATION.

(a)  Committee Composition.   The Plan shall be administered by the
Committee. The Committee shall consist of two or more directors of the Company
who shall satisfy the requirements of Rule 16b-3 (or its successor)
under the Exchange Act with respect to the grant of Awards to persons who are
officers or directors of the Company under Section 16 of the Exchange Act
or the Board itself. The Board may also appoint one or more separate committees
of the Board, each composed of one or more directors of the Company who need
not qualify under Rule 16b-3, who may administer the Plan with
respect to Employees who are not considered officers or directors of the
Company under Section 16 of the Exchange Act, may grant Shares and Options
under the Plan to such Employees and may determine all terms of such grants.

(b)  Committee Procedures.   The Board of Directors shall designate
one of the members of the Committee as chairman. The Committee may hold
meetings at such times and places as it shall determine. The acts of a majority
of the Committee members present at meetings at which a quorum exists, or acts
reduced to or approved in writing by all Committee members, shall be valid acts
of the Committee.

(c)  Committee Responsibilities.   Subject to the provisions of the Plan,
the Committee shall have full authority and discretion to take the following
actions:

(i)  To interpret the Plan and to apply its
provisions;

(ii)  To adopt, amend or rescind rules,
procedures and forms relating to the Plan;

(iii)  To authorize any person to execute, on
behalf of the Company, any instrument required to carry out the purposes of the
Plan;

(iv)  To determine when Shares are to be awarded
or offered for sale and when Options are to be granted under the Plan;

(v)  To select the Offerees and Optionees;

(vi)  To determine the number of Shares to be
offered to each Offeree or to be made subject to each Option;

(vii)  To prescribe the terms and conditions of
each award or sale of Shares, including (without limitation) the Purchase Price,
and to specify the provisions of the Stock Purchase Agreement relating to such
award or sale;

(viii)  To prescribe the terms and conditions of
each Option, including (without limitation) the Exercise Price, to determine
whether such Option is to be classified as an ISO or as a Nonstatutory Option,
and to specify the provisions of the Stock Option Agreement relating to such
Option;

(ix)  To amend any outstanding Stock Purchase
Agree­ment or Stock Option Agreement, subject to applicable legal restrictions and
to the consent of the Offeree or Optionee who entered into such agreement;

(x)  To prescribe the consideration for the grant
of each Option or other right under the Plan and to determine the sufficiency
of such consideration; and

(xi)  To take
any other actions deemed necessary or advisable for the administration of the
Plan.

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All decisions, interpretations and other actions of
the Commit­tee shall be final and binding on all Offerees, all Optionees, and
all persons deriving their rights from an Offeree or Optionee. No member of the
Committee shall be liable for any action that he or she has taken or has failed
to take in good faith with respect to the Plan, any Option, or any right to
acquire Shares under the Plan.

SECTION 4.   ELIGIBILITY.

(a)  General Rule.   Only Employees, as defined in
Section 2(f), shall be eligible for designation as Optionees or Offerees
by the Committee. In addition, only individuals who are employed as common-law
employees by the Company or a Subsidiary shall be eligible for the grant of
ISOs.

(b)  Ten-Percent
Stockholders.   An
Employee who owns more than 10 percent of the total combined voting power
of all classes of outstanding stock of the Company or any of its Subsidiaries
shall not be eligible for the grant of an ISO unless (i) the Exercise
Price is at least 110 percent of the Fair Market Value of a Share on the
date of grant and (ii) such ISO by its terms is not exercisable after the
expiration of five years from the date of grant.

(c)  Attribution Rules.   For purposes of Subsection
(b) above, in determining stock ownership, an Employee shall be deemed to
own the stock owned, directly or indirectly, by or for such Employee’s
brothers, sisters, spouse, ancestors and lineal descendants. Stock owned,
directly or indirectly, by or for a corporation, partnership, estate or trust
shall be deemed to be owned proportionately by or for its stockholders,
partners or beneficiaries. Stock with respect to which such Employee holds an
option shall not be counted.

(d)  Outstanding Stock.   For purposes of Subsection
(b) above, “outstanding stock” shall include all stock actually issued and
outstanding immediately after the grant. “Outstand­ing stock” shall not include
shares authorized for issuance under outstanding options held by the Employee
or by any other person.

SECTION 5.   STOCK SUBJECT TO PLAN.

(a)  Basic Limitation.   Shares offered under the Plan shall be
authorized but unissued Shares or treasury Shares. The aggregate number of
Shares which may be issued under the Plan (upon exercise of Options or other
rights to acquire Shares) shall not exceed 25,350,000 Shares, subject to
adjustment pursuant to Section 9. The number of Shares that are subject to
Options or other rights outstanding at any time under the Plan shall not exceed
the number of Shares that then remain available for issuance under the Plan.
The Company, during the term of the Plan, shall at all times reserve and keep
available sufficient Shares to satisfy the requirements of the Plan.

(b)  Additional Shares.   In the event that any out­standing
Option or other right for any reason expires or is canceled or otherwise
terminated, the Shares allocable to the unexercised portion of such Option or
other right shall again be available for the purposes of the Plan. In the event
that Shares issued under the Plan are reacquired by the Company pursuant to any
forfeiture provision, right of repurchase or right of first refusal, such
Shares shall again be available for the purposes of the Plan.

SECTION 6.   TERMS AND CONDITIONS OF AWARDS OR
SALES.

(a)  Stock Purchase Agreement.   Each award or sale of Shares under the
Plan (other than upon exercise of an Option) shall be evidenced by a Stock
Purchase Agreement between the Offeree and the Company. Such award or sale
shall be subject to all applicable terms and conditions of the Plan and may be
subject to any other terms and conditions which are not inconsistent with the
Plan and which the Committee deems appropriate for inclusion in a Stock
Purchase Agreement. The provisions of the various Stock Purchase Agreements
entered into under the Plan need not be identical.

 4
 

(b)  Duration of Offers and
Nontransferability of Rights.   Any right to acquire Shares under the
Plan (other than an Option) shall automatically expire if not exercised by the
Offeree within 30 days after the grant of such right was communicated to the
Offeree by the Committee. Such right shall not be transferable and shall be
exercisable only by the Offeree to whom such right was granted.

(c)  Purchase Price.   The Purchase Price of Shares to be
offered under the Plan shall not be less than the par value of such Shares.
Subject to the preceding sentence, the Purchase Price shall be determined by
the Committee at its sole discre­tion. The Purchase Price shall be payable in a
form described in Section 8.

(d)  Withholding Taxes.   As a condition to the award, purchase,
vesting or sale of Shares, the Offeree shall make such arrangements as the
Committee may require for the satisfaction of any federal, state, local or
foreign withholding tax obligations that may arise in connection with such
Shares. The Committee may permit the Offeree to satisfy all or part of his or
her tax obligations related to such Shares by having the Company withhold a
portion of any Shares that otherwise would be issued to him or her or by
surrendering any Shares that previously were acquired by him or her. The Shares
withheld or surrendered shall be valued at their Fair Market Value on the date
when taxes otherwise would be withheld in cash. The pay­ment of taxes by
assigning Shares to the Company, if permitted by the Committee, shall be
subject to such restrictions as the Committee may impose, including any
restrictions required by rules of the Securities and Exchange Commission.

(e)  Restrictions on Transfer
of Shares.   Any
Shares awarded or sold under the Plan shall be subject to such special
forfeiture conditions, rights of repurchase, rights of first refusal and other
transfer restrictions as the Committee may determine. Such restrictions shall
be set forth in the applicable Stock Purchase Agreement and shall apply in
addition to any general restrictions that may apply to all holders of Shares.

SECTION 7.   TERMS AND CONDITIONS OF OPTIONS.

(a)   Stock
Option Agreement.   Each
grant of an Option under the Plan shall be evidenced by a Stock Option
Agreement between the Optionee and the Company. Such Option shall be subject to
all applicable terms and conditions of the Plan and may be subject to any other
terms and conditions which are not inconsistent with the Plan and which the
Committee deems appropriate for inclusion in a Stock Option Agreement. The
provisions of the various Stock Option Agreements entered into under the Plan
need not be identical.

(b)   Number
of Shares.   Each
Stock Option Agreement shall specify the number of Shares that are subject to
the Option and shall provide for the adjustment of such number in accordance
with Section 9. The Stock Option Agreement shall also specify whether the
Option is an ISO or a Nonstatutory Option. Options granted to any Optionee in a
single calendar year shall in no event cover more than 800,000 Shares, subject
to adjustment in accordance with Section 9.

(c)   Exercise
Price.   Each Stock Option
Agreement shall specify the Exercise Price. The Exercise Price of an ISO shall
not be less than 100 percent of the Fair Market Value of a Share on the date of
grant, and a higher percentage may be required by Section 4(b). The
Exercise Price of a Nonstatutory Option shall not be less than 100 percent of
the Fair Market Value of a Share on the date of grant. Subject to the preceding
two sentences, the Exercise Price under any Option shall be determined by the
Committee at its sole discretion. The Exercise Price shall be payable in a form
described in Section 8.

 5
 

(d)   Withholding
Taxes.   As a condition to
the exercise of an Option, the Optionee shall make such arrangements as the
Committee may require for the satisfaction of any federal, state, local or
foreign withholding tax obligations that may arise in connection with such
exercise. The Optionee shall also make such arrangements as the Committee may
require for the satisfaction of any federal, state, local or foreign
withholding tax obligations that may arise in connection with the disposi­tion
of Shares acquired by exercising an Option. The Committee may permit the
Optionee to satisfy all or part of his or her tax obligations related to the
Option by having the Company withhold a portion of any Shares that otherwise
would be issued to him or her or by surrendering any Shares that previously
were acquired by him or her. Such Shares shall be valued at their Fair Market
Value on the date when taxes otherwise would be withheld in cash. The payment
of taxes by assigning Shares to the Company, if permitted by the Committee,
shall be subject to such restric­tions as the Committee may impose, including
any restrictions required by rules of the Securities and Exchange
Commission.

(e)   Exercisability.   Each Stock Option Agreement shall
specify the date when all or any installment of the Option is to become
exercisable. A Stock Option Agreement may provide for accelerated exercisabil­ity
in the event of the Optionee’s death, Total and Permanent Disability or
retirement or other events.

(f)   Effect
of Change in Control.   The
Committee may determine, at the time of granting an Option or thereafter, that
such Option shall become exercisable on an accelerated basis in the event that
a Change in Control occurs with respect to the Company. If the Committee finds
that there is a reasonable possibility that, within the succeeding six months,
a Change in Control will occur with respect to the Company, then the Committee
may determine that all outstanding Options shall be exercisable on an
accelerated basis.

(g)   Term.   The Stock Option Agreement shall
specify the term of the Option. The term shall not exceed 10 years from the
date of grant, except as otherwise provided in Section 4(b). Subject to
the preceding sentence, the Committee at its sole discretion shall determine
when an Option is to expire.

(h)   Nontransferability.   Except as may be provided in the
applicable Stock Option Agreement with respect to a Nonstatutory Option, no
Option shall be transferable by the Optionee other than by will, by beneficiary
designation delivered to the Company, or by the laws of descent and
distribution. An Option may be exercised during the lifetime of the Optionee
only by the Optionee or by the Optionee’s guardian or legal representative. No
Option or interest therein may be transferred, assigned, pledged or
hypothecated by the Optionee during his or her lifetime, whether by operation
of law or otherwise, or be made subject to execu­tion, attachment or similar
process.

(i)   Termination
of Service (Except by Death).   Except
as may be provided in the applicable Stock Option Agreement, if an Optionee’s
Service terminates for any reason other than the Optionee’s death, then such
Optionee’s Option(s) shall expire on the earliest of the following
occasions:

(i)            The
expiration date determined pursuant to Subsection (g) above;

(ii)           The
date 90 days after the termination of the Optionee’s Service for any reason
other than Total and Permanent Disability; or

(iii)          The
date six months after the termination of the Optionee’s Service by reason of
Total and Permanent Disability.

The Optionee may exercise all or part of his or her
Option(s) at any time before the expiration of such Option(s) under
the preceding sentence, but only to the extent that such Option(s) had
become exercisable before the Optionee’s Service terminated or became
exercisable as a result of the termination. The bal­ance of such
Option(s) shall lapse when the Optionee’s Service terminates. In the event
that the Optionee dies after the termi­na­tion of the Optionee’s Service but
before the expiration of the Optionee’s Option(s), all or part of such
Option(s) may be exercised (prior to expiration) by the executors or
administrators of the

 6
 

Optionee’s estate or by any person who has acquired
such Option(s) directly from the Optionee by bequest, beneficiary
designation or inheritance, but only to the extent that such Option(s) had
become exercisable before the Optionee’s Service terminated or became
exercisable as a result of the termination.

(j)   Leaves
of Absence.   Except
as may be provided in the applicable Stock Option Agreement, for purposes of
Subsection (i) above, Service shall be deemed to continue while the
Optionee is on military leave, sick leave or other bona fide leave of absence
(as determined by the Committee). The fore­going notwithstanding, in the case
of an ISO granted under the Plan, Service shall not be deemed to continue
beyond the first 90 days of such leave, unless the Optionee’s reemployment
rights are guaranteed by statute or by contract.

(k)   Death
of Optionee.   Except
as may be provided in the applicable Stock Option Agreement, if an Optionee
dies while he or she is in Service, then such Optionee’s Option(s) shall
expire on the earlier of the following dates:

(i)            The
expiration date determined pursuant to Subsection (g) above; or

(ii)           The
date six months after the Optionee’s death.

All or part of the Optionee’s Option(s) may be
exercised at any time before the expiration of such Option(s) under the
preceding sentence by the executors or administrators of the Optionee’s estate
or by any person who has acquired such Option(s) directly from the
Optionee by bequest, beneficiary designation or inheritance, but only to the
extent that such Option(s) had become exercisable before the Optionee’s
death or became exercisable as a result of the Optionee’s death. The balance of
such Option(s) shall lapse when the Optionee dies.

(l)   No
Rights as a Stockholder.   An
Optionee, or a transferee of an Optionee, shall have no rights as a stockholder
with respect to any Shares covered by his or her Option until he or she becomes
entitled, pursuant to the terms of such Option, to receive such Shares. No
adjustments shall be made, except as provided in Section 9.

(m)   Modification,
Extension and Assumption of Options.   Within
the limitations of the Plan, the Committee may modify, extend or assume
outstanding Options or may accept the cancellation of outstanding Options
(whether granted by the Company or another issuer) in return for the grant of
new Options for the same or a different number of Shares and at the same or a
different Exercise Price; provided, however, that the Committee may not modify
outstanding Options to lower the Exercise Price nor may the Committee assume or
accept the cancellation of outstanding Options in return for the grant of new
Options with a lower Exercise Price, unless such action has been approved by
the Company’s stockholders. The foregoing notwithstanding, no modification of
an Option shall, without the consent of the Optionee, impair such Optionee’s
rights or increase his or her obligations under such Option.

(n)   Restrictions
on Transfer of Shares.   Any
Shares issued upon exercise of an Option may be subject to such special
forfeiture conditions, rights of repurchase, rights of first refusal and other
transfer restrictions as the Committee may determine. Such restrictions shall
be set forth in the appli­cable Stock Option Agreement and shall apply in
addition to any general restrictions that may apply to all holders of Shares.

SECTION 8.   PAYMENT FOR SHARES.

(a)   General
Rule.   The entire
Purchase Price or Exercise Price of Shares issued under the Plan shall be
payable in lawful money of the United States of America at the time when such
Shares are purchased, except as provided in Subsections (b), (c), (d),
(e) and (f) below.

(b)   Surrender
of Stock.   To
the extent that a Stock Option Agreement so provides, payment may be made all
or in part with Shares which have already been owned by the Optionee or the
Optionee’s 

 7
 

representative for more
than six months and which are surrendered to the Company in good form for
transfer. Such Shares shall be valued at their Fair Market Value on the date
when the new Shares are purchased under the Plan.

(c)   Services
Rendered.   At
the discretion of the Committee, Shares may be awarded under the Plan in
consideration of services rendered to the Company or a Subsidiary prior to the
award. If Shares are awarded without the payment of a Purchase Price in cash,
the Committee shall make a determination (at the time of the award) of the
value of the services rendered by the Offeree and the sufficiency of the
consideration to meet the requirements of Section 6(c).

(d)   Promissory
Note.   To the extent that
a Stock Option Agreement or Stock Purchase Agreement so provides, a portion of
the Exercise Price or Purchase Price (as the case may be) of Shares issued
under the Plan may be paid with a full-recourse promissory note, provided that
(i) the par value of such Shares must be paid in lawful money of the
United States of America at the time when such Shares are purchased,
(ii) the Shares are pledged as security for payment of the principal
amount of the promissory note and interest thereon and (iii) the interest
rate payable under the terms of the promissory note shall not be less than the
minimum rate (if any) required to avoid the imputation of additional interest
under the Code. Subject to the foregoing, the Committee (at its sole
discretion) shall specify the term, interest rate, amortization requirements
(if any) and other provisions of such note.

(e)   Exercise/Sale.   To the extent that a Stock Option
Agreement so provides, payment may be made all or in part by the delivery (on a
form prescribed by the Company) of an irrevocable direction to a securities
broker approved by the Company to sell Shares and to deliver all or part of the
sales proceeds to the Company in payment of all or part of the Exercise Price
and any withholding taxes.

(f)   Exercise/Pledge.   To the extent that a Stock Option
Agreement so provides, payment may be made all or in part by the delivery (on a
form prescribed by the Company) of an irrevocable direction to pledge Shares to
a securities broker or lender approved by the Company, as security for a loan,
and to deliver all or part of the loan proceeds to the Company in payment of
all or part of the Exercise Price and any withholding taxes.

SECTION 9.   ADJUSTMENT OF SHARES.

(a)   General.   In the event of a subdivision of the
outstanding Stock, a declaration of a dividend payable in Shares, a declaration
of a dividend payable in a form other than Shares in an amount that has a
material effect on the value of Shares, a combination or consolidation of the
outstanding Stock into a lesser number of Shares, a recapitalization, a
spinoff, a reclassification or a similar occurrence, the Committee shall make
appropriate adjustments in one or more of (i) the number of Shares
available for future grants under Section 5, (ii) the limit set forth
in Section 7(b), (iii) the number of Shares covered by each
outstanding Option or (iv) the Exercise Price under each outstanding
Option.

(b)   Reorganizations.   In the event that the Company is a
party to a merger or other reorganization, outstanding Options shall be subject
to the agreement of merger or reorganization. Such agreement may provide,
without limitation, (i) for the assumption of outstanding Options by the
surviving corporation or its parent, (ii) for their continuation by the
Company, if the Company is a surviving corporation, (iii) for payment of a
cash settlement equal to the difference between the amount to be paid for one
Share pursuant to such agreement and the Exercise Price or (iv) for the
acceleration of their exercisability followed by the cancellation of Options
not exercised, in all cases without the Optionees’ consent. Any cancellation
shall not occur until after such acceleration is effective and Optionees have
been notified of such acceleration.

(c)   Reservation
of Rights.   Except
as provided in this Section 9, an Optionee or Offeree shall have no rights
by reason of (i) any subdivision or consolidation of shares of stock of
any class, (ii) the payment of 

 8
 

any dividend or
(iii) any other increase or decrease in the number of shares of stock of
any class. Any issue by the Company of shares of stock of any class, or
securities convertible into shares of stock of any class, shall not affect, and
no adjustment by reason thereof shall be made with respect to, the number or
Exercise Price of Shares subject to an Option. The grant of an Option pursuant
to the Plan shall not affect in any way the right or power of the Company to make
adjustments, reclassifications, reorganizations or changes of its capital or
business structure, to merge or consolidate or to dissolve, liquidate, sell or
transfer all or any part of its business or assets.

SECTION 10.   SECURITIES LAWS.

Shares shall not be issued under the Plan unless the
issuance and delivery of such Shares comply with (or are exempt from) all
applicable requirements of law, including (without limitation) the Securities
Act of 1933, as amended, the Exchange Act, the rules and regulations
promulgated thereunder, state securities laws and regulations, and the
regulations of any stock exchange on which the Company’s securities may then be
listed.

SECTION 11.   NO EMPLOYMENT RIGHTS.

No provision of the Plan, nor any right or Option
granted under the Plan, shall be construed to give any person any right to
become, to be treated as, or to remain an Employee. The Company and its
Subsidiaries reserve the right to terminate any person’s Service at any time
and for any reason.

SECTION 12.   DURATION AND AMENDMENTS.

(a)   Term
of the Plan.   The
Plan, as amended as set forth herein, shall become effective as of
March 13, 2007, subject to approval of the Company’s stockholders. The
Plan shall terminate automatically on February 15, 2011 and may be
terminated on any earlier date pursuant to Subsection (b) below.

(b)   Right
to Amend or Terminate the Plan.   The
Board of Directors may amend, suspend or terminate the Plan at any time and for
any reason. An amendment of the Plan shall be subject to the approval of the
Company’s stockholders to the extent required by applicable laws, regulations,
rules, listing standards or other requirements, including (without limitation)
Rule 16b-3 under the Exchange Act. Stockholder approval shall not be
required for any other amendment of the Plan.

(c)   Effect
of Amendment or Termination.   No
Shares shall be issued or sold under the Plan after the termination thereof,
except upon exercise of an Option granted prior to such termination. The
termination of the Plan, or any amendment thereof, shall not affect any Share
previously issued or any Option previously granted under the Plan.

SECTION 13.   EXECUTION.

To record the Plan as amended by the Board of
Directors on March 13, 2007, the Company has caused its authorized officer
to execute the same.

	
  

  	
   

  	
  INCYTE CORPORATION

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
   

  	
  /s/ PATRICIA A. SCHRECK

  
	
   

  	
   

  	
  Its

  	
   

  	
  General Counsel

  
							

 

 9

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