Document:

Exhibit
10(v)

FIRST AMENDED AND RESTATED

NATIONAL MEDICAL ENTERPRISES, INC.

1991 STOCK INCENTIVE PLAN

1. Purpose of the Plan.

The purpose of the First Amended and Restated
National Medical Enterprises, Inc. 1991 Stock Incentive Plan is to promote the
interests of the Company and its shareholders by strengthening the Company’s
ability to attract, motivate and retain employees, advisors and consultants of
training, experience and ability, and to provide a means to encourage stock
ownership and a proprietary interest in the Company to officers and valued
employees of the Company and consultants and advisors to the Company upon whose
judgment, initiative, and efforts the financial success and growth of the
business of the Company largely depend.

2. Definitions.

(a) “Appreciation Right” means a right to receive an amount,
representing the difference betweena
price per share of Common Stock assigned on the date of grant and the Fair
Market Value of a share of Common Stock on the date of exercise of such grant,
payable in cash and/or Common Stock.

(b) “Board” means the Board of Directors of the Company.

(c) “Committee” means the Compensation and Stock Option Committee of
the Board, unless the Board appoints another committee to administer the Plan.

(d) “Common Stock” means the $. 075 par value Common Stock of the
Company.

(e) “Company” means National Medical Enterprises, Inc., a Nevada
corporation.

(f) “Eligible Person” means an Employee, advisor
or consultant of the Company or any of its present or future subsidiary
corporations eligible to receive an Incentive Award but shall not include a
director who is not an Employee of the Company.

(g) “Employee” means any executive officer or any employee of the
Company, or of any of its present or future subsidiary corporations.

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

(i) “Fair Market Value” means the closing price of a share of Common
Stock on the New York Stock Exchange on the date as of which fair market value
is to be determined or the actual sale price of the shares acquired upon
exercise if the shares are sold in a same day sale, or if no sales were made on
such date, the closing price of such shares on the New York Stock Exchange on
the next preceding date on which there were such sales.

(j) “Incentive Award” means an Option, Incentive Stock Award,
Appreciation Right, Performance Unit, Restricted Unit, or cash bonus award
granted under the Plan.

(k) “Incentive Stock Award” means a right to the grant or purchase, at
a price determined by the Committee, of Common Stock of the Company which is
nontransferable and subject to substantial risk of forfeiture until specific
conditions are met. Such conditions will be determined by the Committee. An Incentive
Stock Award includes a Performance Unit paid in Common Stock of the Company.

(i) “Incentive Stock Option” means an Option intended to qualify under
Section 422 of the Internal Revenue Code of 1986, as amended and the Treasury
Regulations thereunder.

(m) “Option” means an Incentive Stock Option or a nonqualified or
nonstatutory stock option.

(n) I “Performance Unit” means a grant made under Section 9 entitling a
Participant to a payment of Common Stock or cash at the end of a performance
period if certain conditions as-may be established by the Committee are met.

(o) “Participant” means any Eligible Person selected to receive an
Incentive Award pursuant to Section 5.

(p) “Plan” means the First Amended and Restated National Medical
Enterprises, Inc. 1991 Stock Incentive Plan as set forth herein, which may be
amended from time to time.

(q) “Restricted Unit” means a grant made under
Section 10 entitling a Participant to a payment of cash at the end of a vesting
period established by the Committee equivalent in value to the Fair Market
Value of a share of Common Stock with such limits as to maximum value, if any,
as may be established by the Committee.

3. Shares of Common Stock Subject to the Plan.

(a) Subject to the provisions of Section 3(c) and Section 11 of the
Plan, the aggregate number of shares of Common Stock that may be issued or
transferred or exercised pursuant to Incentive Awards under the Plan is 18,000,
OOO shares of Common Stock.

(b) The shares of Common
Stock to be delivered under the Plan will be made available, at the discretion
of the Board or the Committee, either from authorized but unissued shares of
Common Stock or from previously issued shares of Common Stock reacquired by the
Company, including shares purchased on the open market.

(c) If any share of Common Stock that is the subject of an Incentive
Award is not issued or transferred and ceases to be issuable or transferable
for any reason, such share of Common Stock will no longer be charged against
the limitations provided for in Section 3(a) and may again be made subject to
Incentive Awards. However, shares as to which an Option has been surrendered in
connection with the exercise of a related Appreciation Right will not again be
available for the grant of any further Incentive Awards. Incentive 

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Awards
to the extent they are paid out in cash and not in Common Stock shall not be
applied against the limitations provided for in Section 3(a).

4.
Administration of the Plan.

(a) The Plan will be administered by the
Committee, which will consist of two or more persons (i) who are not eligible
to receive Incentive Awards under the Plan, and (ii) who have not been eligible
at any time within one year before appointment to the Committee for selection
as persons to whom Incentive Awards may be granted pursuant to the Plan, or to
whom shares may be allocated or Options or Appreciation Rights may be granted
pursuant to any other plan of the Company or any of its subsidiary corporations
entitling the participants therein to acquire stock, appreciation rights, or
options of the Company or any of its present or future subsidiary corporations,
except that this requirement shall not prohibit any person from serving on the
Committee solely by reason of the fact that such person is eligible or may have
been granted such rights under the Company’s Directors Stock Option Plan or the
Director Restricted Share Plan.

(b) The Committee has and may exercise such powers and authority
of the Board as may be necessary or appropriate for the Committee to carry out
its functions as described in the Plan. The Committee has authority in its
discretion to determine the Eligible Persons to whom, and the time or times at
which, Incentive Awards may be granted and the number of shares, units, or
Appreciation Rights subject to each Incentive Award. The Committee also has
authority to interpret the Plan, to make determinations as to whether a grantee
is permanently and totally disabled, and to determine the terms and provisions
of the respective Incentive Award agreements and to make all other
determinations necessary or advisable for Plan administration. The Committee
has authority to prescribe, amend, and rescind rules and regulations relating
to the Plan. All interpretations, determinations, and actions by the Committee
will be final, conclusive, and binding upon all parties.

(c) No member of the Board nor the Committee will be liable for
any action or determination made in good faith by the Board or the Committee
with respect to the Plan or any ‘Incentive Award under it.

5. Eligibility.

(a) All Employees who have been determined by the Committee to be key
Employees and all consultants and advisors to the Company, or to any
subsidiary, present or future, that have been selected by the Committee are
eligible to receive Incentive Awards under the Plan; however, only Employees
who have been determined by the Committee to be key Employees shall be eligible
to receive Incentive Stock Options under the Plan. The Committee has authority,
in its sole discretion, to determine and designate from time to time those
Eligible Persons who are to be granted Incentive Awards, and the type and
amount of Incentive Award to be granted. Each Incentive Award will be evidenced
by a written instrument and may include any other terms and conditions consistent
with the Plan, as the Committee may determine.

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(b) No person will be eligible for the grant of any Incentive Stock
Option who owns or would own immediately after the grant of such Option,
directly or indirectly, stock possessing more than ten percent of the total
combined voting power of all classes of stock of the Company or of any
subsidiary corporation. This does not apply if, at the time such Incentive
Stock Option is granted, the Incentive Stock Option price is at least 110%of
the Fair Market Value of the Common Stock on the date of the grant. In this
event, the Incentive Stock Option by its terms is not exercisable after the
expiration of five years from the date of grant.

6. Terms and Conditions of Stock Options.

(a) The purchase price of Common Stock under each Option shall be
determined by the Committee and shall not be less than an amount allowed by
applicable law; however, the purchase price under an Incentive Stock Option
will be at least equal to the Fair Market Value of the Common Stock on the date
of grant.

(b) Options may be exercised
as determined by the Committee but in no event after 15 years from the date of
grant; however, an Incentive Stock Option shall not be exercisable after the
expiration of 10 years from the date of the grant.

(c) The exercise price of an Option and any federal and state
withholding obligation resulting from the exercise of such Option, will be
payable in full (i) upon exercise, in cash, (ii) by the Participant irrevocably
authorizing a broker approved in writing by the Company to sell shares of
Common Stock acquired through exercise of the Option and remitting to the
Company a sufficient portion of the sale proceeds to pay the entire exercise
price and any federal and state withholding resulting from such exercise (a “cashless
exercise”); provided that, notwithstanding anything in this Plan to the
contrary, (A) the Company shall issue such shares of Common Stock only at or
after the time the Company receives full payment for such shares, (B) the
exercise price for such shares of Common Stock will be due and payable to the
Company no later than one business day following the date on which the proceeds
from the sale of the underlying shares of Common Stock are received by the
authorized broker, and (C) in no event will the Company directly or indirectly
extend or maintain credit, arrange for the extension of credit or renew any
extension of credit, in the form of a personal loan or otherwise, in connection
with a cashless exercise, (iii) in the discretion of the Committee, upon
exercise, by the assignment and delivery to the Company of shares of Common
Stock owned by the Participants, or (iv) by a combination of any of the
above.  Any shares assigned and delivered
to the Company in payment or partial payment of the exercise price will be
valued at the Fair Market Value on the exercise date and shall be accompanied
by an assignment separate fro certificate and any other document(s) reasonably
requested by the Company.

(d) With respect to Incentive Stock Options granted under the Plan, the
aggregate Fair Market Value (determined as of the date the Incentive Stock
Option is granted) of the number of shares with respect to which Incentive
Stock Options are exercisable for the first time by an Employee during any
calendar year shall not exceed one hundred thousand dollars ($100,000) or such
other limit as may be required by t, he Internal Revenue Code of 1986, as
amended.

(e) No fractional shares will be issued pursuant to the exercise of an
Option nor will any cash payment be made in lieu of fractional shares.

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(f) With respect
to the exercise of an Option under the Plan, the Participant may, in the
discretion of the Committee, receive a replacement Option under the Plan to
purchase a number of shares of Common Stock equal to the number of shares of
Common Stock, if any, which the Participant delivered on exercise of the
Option, with a purchase price equal to the Fair Market Value on the exercise
date and with a term extending to the expiration date of the original Option.

(g) At the time a Participant exercises an Option, the Committee may
grant a cash bonus award in such amount as the Committee may determine. The
Committee may make such a determination at the time of grant or exercise. The
cash bonus award may be subject to any condition imposed by the Committee,
including a reservation of the right to revoke a cash bonus award at any time
before it is paid.

(h) All Incentive Stock Options shall be granted within 10 years from
the date this Plan is adopted or is approved by the shareholders, whichever is
earlier.

(i) Incentive Stock Options
by their terms shall not be transferable by an Employee, other than by will or
by laws of descent and distribution and shall be exercisable only by an
Employee during his or her lifetime.

7. Terms and Conditions of Appreciation Rights.

(a) An Appreciation Right may be granted in connection with an Option,
either at the time of grant or at any time thereafter during the term of the
Option.

(b) An Appreciation Right granted in connection with an Option will
entitle the holder, upon exercise, to surrender such Option or any portion
thereof to the extent unexercised, with respect to the number of shares-as to
which such Appreciation Right is exercised, and to receive payment of an amount
computed pursuant to Section 7(d). Such Option will, to the extent surrendered,
then cease to be exercisable.

(c) Subject to Section 7(i), an Appreciation Right granted in
connection with an Option hereunder will be exercisable at such time or times,
and only to the extent that a related Option is exercisable, will expire no
later than the related Option expires, and will not be transferable except to
the extent that such related Option may be transferable.

(d) Upon the exercise of an Appreciation Right granted in connection
with an Option, the holder will be entitled to receive payment of an amount
determined by multiplying:

(i) The difference obtained by subtracting the purchase price of a
share of Common Stock specified in the related Option from the Fair Market Value
of a share of Common Stock on the date of exercise of such Appreciation Right,
by

(ii) The number of
shares as to which such Appreciation Right will have been exercised.

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(e) An Appreciation Right granted without relationship to an Option
will be exercisable as determined by the Committee but in no event after 15
years from the date of grant.

(f) An Appreciation Right granted without relationship to an Option
will entitle the holder, upon exercise of the Appreciation Right, to receive
payment of an amount determined by multiplying:

(i) The difference obtained by subtracting the
amount assigned to the Appreciation Right by the Committee on the date of grant
(which shall not be less than allowed by applicable law) from the Fair Market
Value of a share of Common Stock on the date of exercise of such Appreciation
Right, by

(ii)
The number of shares as to which such Appreciation Right will have been
exercised.

(g) At the time of grant of an Appreciation Right, the Committee may
determine the maximum amount payable with respect to such Appreciation Right.

(h) Payment of the amount determined under Section 7(d) or (9 may be made solely in whole shares of Common Stock valued at their Fair
Market Value on the date of exercise of the Appreciation Right or alternatively,
in the sole discretion of the Committee, solely in cash or a combination of
cash and shares as the Committee deems advisable. If the Committee decides that
payment may be made in shares of Common Stock, and the amount payable results
in a fractional share, payment for the fractional share will be made in cash.

(i) An Appreciation Right granted in connection with an Incentive Stock
Option may be exercised only when the market price of the Common Stock subject
to the Incentive Stock Option exceeds the purchase price of a share of Common
Stock related to the Incentive Stock Option.

8. Terms and Conditions of Incentive Stock Awards.

(a) All shares
of Incentive Stock Awards granted pursuant to the Plan will be subject to the
following conditions:

(i)
The shares may not be transferred, assigned or subject to any encumbrance,
pledge or charge until the restrictions are removed or expire or unless
otherwise allowed by the Committee.

(ii) The Committee may require the Participant
to enter into an escrow agreement providing that the certificates representing
Incentive Stock Awards granted or sold pursuant to the Plan will remain in the
physical custody of an escrow holder until all restrictions are removed or
expire.

(iii) Each certificate representing Incentive Stock
Awards granted pursuant to the Plan will bear a legend making appropriate
reference to the restrictions imposed.

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(iv) The Committee may impose the conditions on any shares granted or
sold pursuant to the Plan as it may deem advisable, including, without
limitation, restrictions under the Securities Act of 1933, as amended, under
the requirements of any stock exchange upon which such shares of the same class
are then listed and under any blue sky or other securities laws applicable to
such shares.

(v) The Committee, in its sole discretion, may elect to settle all or a
portion of an Incentive Stock Award in cash in lieu of issuing shares of Common
Stock based on the Fair Market Value on the date of payment.

(b) The restrictions imposed
under subparagraph (a) above upon Incentive Stock Awards will lapse in
accordance with a schedule or other conditions as determined by the Committee,
subject to the provisions of Section 11 (d) and Section 13(e).

(c) Subject to the provisions of subparagraph (a) above and Section
13(e), the holder will have all rights of a shareholder with respect to the
Incentive Stock Awards granted or sold, including the right to vote the shares
and receive all dividends and other distributions paid or made with respect
thereto, unless the Committee determines otherwise at the time the Incentive
Stock Awards are granted or sold.

9. Terms and Conditions of Performance Units.

Performance Units, measured in whole or in part by the value of shares
of Common Stock, the performance of the Participant, the performance of the
Company, its subsidiaries or any separate business units or properties thereof,
or any combination thereof, may be granted under the Plan. Such incentives may
be payable in Common Stock, cash or both, and shall be subject to such
restrictions and conditions, as the Committee shall determine. At the time of a
Performance Unit grant, the Committee shall determine, in its sole discretion,
one or more performance periods and performance goals to be achieved during the
applicable performance periods as well as a target payment value for the
Performance Unit or a range of payment values. No performance period shall
exceed 15years from the date of the grant. The performance goals applicable to a
Performance Unit grant may be subject to such later revisions as the Committee
shall deem appropriate to reflect significant unforeseen events such as changes
in laws, regulations or accounting practices, or unusual or nonrecurring items
or occurrences. At the end of the performance period, the Committee shall
determine the extent to which performance goals have been attained or a degree
of achievement between maximum and minimum levels in order to establish the
level of payment to be made, if any, and shall determine if payment is to be
made in the form of Common Stock or cash or both.

The Committee may provide that during a performance period a
Participant shall be paid a cash amount per Performance Unit in the same amount
and at the same time as a dividend on a share of Common Stock.

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10. Terms and Conditions of Restricted Units.

Restricted Units may be granted under the Plan based on past, current
and potential performance. Such Units shall be subject to such restrictions and
conditions as the Committee shall determine. At the time of a Restricted Unit
grant, the Committee shall determine, in its sole discretion, the vesting
period of the Units and the maximum value of the Units. No vesting period shall
exceed 15 years from the date of the grant. A Restricted Unit grant may be made
subject to such later revisions as the Committee shall deem appropriate to
reflect significant unforeseen events such as changes in laws, regulations or
accounting practices, or unusual or nonrecurring items or occurrences. At the
end of the vesting period applicable to Restricted Units granted to a
Participant, a cash amount equivalent in value to the Fair Market Value of one
share of Common Stock on the last day of the vesting period, subject to any
maximum value determined by the Committee at the time of grant, shall be paid
with respect to each such Restricted Unit to the Participant.

During the vesting period for Restricted Units, the Committee may
provide that a Participant shall be paid with respect to each Restricted Unit,
cash amounts in the same amount and at the same time as a dividend on a share
of Common Stock.

11. Adjustment Provisions.

(a) Subject to Section 11 (b), if the outstanding
shares of Common Stock of the Company are increased, decreased, or exchanged
for a different number or kind of shares or other securities, or if additional
shares or new or different shares or, other securities are distributed with
respect to such shares of Common Stock or other securities, through merger,
consolidation, spin off, sale of all or -substantially all the
property of the Company, reorganization, recapitalization, reclassification,
stock dividend, stock split, reverse stock split or other distribution with
respect to such shares of Common Stock, or other securities, an appropriate and
proportionate adjustment may be made in (i) the maximum number and kind of
shares provided in Section 3, (ii) the number and kind of shares, units, or
other securities subject to the then-outstanding Incentive Awards, and (iii)the
price for each share or other unit of any other securities subject to
then-outstanding Incentive Awards without change in the 1 aggregate
purchase price or value as to which such Incentive Awards remain exercisable or
subject to restrictions.

(b) Despite the provisions of Section 11 (a), upon
dissolution or liquidation of the Company or upon a reorganization, merger, or
consolidation of the Company with one or more corporations as a result of which
the Company is not the surviving corporation, or upon the sale of all or
substantially all the property of the Company, all Incentive Awards then
outstanding under the Plan will be fully vested and exercisable and all
restrictions will immediately cease, unless provisions are made in connection
with such transaction for the continuance of the Plan and the assumption or the
substitution for such Incentive Awards of new incentive awards covering the
stock of a successor employer corporation, or a parent or subsidiary thereof,
with appropriate adjustments as to the number and kind of shares and prices.

(c) Adjustments under Section 11(a) and 11(b) will
be made by the Committee, whose determination as to what adjustments will be
made and the extent thereof will be final, binding and conclusive. No
fractional interest will be issued under the Plan on account of any such adjustments.

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(d) In the event a Change of
Control occurs or in the event that any Person makes a filing under Sections
13(d) or 14(d) of the Exchange Act with respect to the Company, the Committee
may, in its sole discretion, without obtaining shareholder approval, take any
one or more of the following actions with respect to all Eligible Persons and
Participants:

(i)
Accelerate the exercise dates of any outstanding Appreciation Rights or
Options, accelerate the vesting dates of outstanding Restricted Units or
Incentive Stock Awards or the performance period of outstanding Performance
Units, make outstanding Appreciation Rights or Options7ully vested and
exercisable, or make outstanding Restricted Units fully vested and outstanding
Performance Units fully payable;

(ii)
Determine that all or any portion of conditions associated with any Incentive
Award have been met;

(iii)
Grant a cash bonus award to any of the holders of outstanding Options;

(iv)
Grant Appreciation Rights to holders of outstanding Options;

(v)
Pay cash to any or all Option holders in exchange for the cancellation of their
outstanding Options;

(vi)
Make any other adjustments or amendments to the Plan and outstanding Incentive
Awards and substitute new Incentive Awards.

For
purposes of this Section 11 (d), the following definitions shall apply:

(A) A “Change in Control”
of the Company shall have occurred when a Person, alone or together with   its Affiliates and Associates, becomes the
beneficial owner of 20%or more of the general voting power of the Company.

(B) “Affiliate” and “Associate”
shall have the respective meanings ascribed to such terms in Rule 12b-2 of the
General Rules and Regulations under the Exchange Act.

(C)
“Person” shall mean an individual, firm, corporation or other entity or any successor
to such entity, but “Person” shall not include the Company, any subsidiary of
the Company, any employee benefit plan or employee stock plan of the Company,
or any Person organized, appointed, established or holding Voting Stock by, for
or pursuant to the terms of such a plan or any Person who acquires 20%or more
of the general voting power of the Company in a transaction or series of
transactions approved prior to such transaction or series of transactions by
the Board.

(D)
“Voting Stock” shall mean shares of the Company’s capital stock having general
voting power, with “voting power” meaning the power under ordinary
circumstances (and not merely upon the happening of a contingency) to vote in
the election of directors.

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12. General Provisions.

(a) Nothing in the Plan or in any instrument executed pursuant to the
Plan will confer upon any Participant who is an Employee any right to continue
in the employ of the Company or any of its subsidiaries or affect the right of
the Company to terminate the employment of such Participant or terminate the
consulting or advisory services of any Participant at any time with or without
cause.

(b) No shares of Common Stock will be issued or transferred pursuant to
an Incentive Award unless and until all then-applicable requirements imposed by
federal and state securities and other laws, rules and regulations and by any
regulatory agencies having jurisdiction, and by any stock exchanges upon which
the Common Stock may be listed, have been fully met. As a condition precedent
to the issuance of shares pursuant to the grant or exercise of an Incentive
Award, the Company may require the Participant to take any reasonable action to
meet such requirements.

(c) No Participant and no beneficiary or other person claiming under or
through such Participant will have any right, title or interest in or to any
shares of Common Stock allocated or reserved under the Plan or subject to any
Incentive Award except as to such shares of Common Stock, if any, that have
been issued or transferred to such Participant.

(d) The Company shall have the right to deduct from any settlement,
including the delivery or vesting of shares or Units, made under the Plan any
federal, state or local taxes of any kind required by law to be withheld with
respect to such payments or take such other action as may be necessary in the
opinion of the Company to satisfy all obligations for the payment of such
taxes. With respect to any nonqualified stock Option, the Committee may, in its
discretion, permit the Participant to satisfy, in whole or in part, any tax
withholding obligation which may arise in connection with the exercise of the
nonqualified stock Option by electing to have the Company withhold shares of
Common Stock having a Fair Market Value equal to the amount of the tax
withholding.

(e) No Incentive Award and no right under the Plan, contingent or
otherwise, will be transferable, assignable or subject to any encumbrances,
pledge or charge of any nature except that, under such rules and regulations as
the Company may establish pursuant to the terms of the Plan, a beneficiary may
be designated with respect to an Incentive Award in the event of death of a
Participant. If such beneficiary is the executor or administrator of the estate
of the Participant, any rights with respect to such Incentive Award may be
transferred to the person or persons or entity (including a trust) entitled
thereto.

(f) The Company
may make a loan to a Participant in connection with (i) the exercise of an
Option in an amount not to exceed the aggregate exercise price of the Option
being exercised and the amount of any federal and state taxes payable in
connection with such exercise for the purpose of assisting such optionee to
exercise such Option and (ii) an Incentive Stock Award or Performance Unit paid
in Common Stock in an amount not to exceed the amount of any federal and state
taxes payable upon expiration of any applicable forfeiture provision,
performance period or vesting period for the purpose of assisting the holder of
the Incentive Stock Award or Performance Unit to enjoy the rights thereunder.
Any such loan may be secured by shares of Common Stock or other collateral
deemed adequate by the Committee and will comply in all respects with all
applicable laws and regulations. The Committee may adopt policies regarding
eligibility for such loans, the maximum amounts thereof and any terms and
conditions not specified in the Plan upon 

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which
such loans will be made. Such loans will bear interest at a rate determined by
the Committee.

(g) The Committee may cancel, with the consent of the Participant, all
or a portion of any Option or Appreciation Right granted under the Plan to be
conditioned upon the granting to the Participant of a new Option or
Appreciation Right for the same or a different number of shares as the Option
or Appreciation Right surrendered, or may require such voluntary surrender as a
condition to a grant of a new Option or Appreciation Right to such Participant.
Subject to the provisions of Section 6(d), such new Option or Appreciation
Right shall be exercisable at the price, during the period and in accordance
with any other terms or conditions specified by the Committee at the time the
new Option or Appreciation Right is granted, all determined in accordance with the
provisions of the Plan without  regard to
the price, period of exercise, or any other terms or conditions of the Option
or Appreciation Right surrendered.

(h) The forms of Options and Appreciation Rights granted under the Plan
may contain such other provisions as the Committee may deem advisable.

13. Amendment and Termination.

(a) The Committee shall have the power, in its discretion, to amend,
suspend or terminate the Plan at any time. 
The Committee may not make amendments to the Plan that increase the benefits
available under the Plan in any material respect, including, without
limitation, (i) increasing the number of shares of Common Stock that may be
issued, transferred or exercised pursuant to Incentive Awards under the Plan,
or (ii) changing the types or terms of Incentive Awards that may be made under
the Plan, without the approval of the shareholders of the Company.

(b) The Committee may, with the consent of a Participant, make such
modifications in the terms and conditions of an Incentive Award agreement as it
deems advisable.

(c) No amendment, suspension
or termination of the Plan will, without the consent of the Participant, alter,
terminate, impair or adversely affect any right or obligation under any
Incentive Award previously granted under the Plan.

(d) An Appreciation Right or an Option held by a person who was an
Employee at the time such Appreciation Right or Option was granted will expire
immediately if and when the Participant ceases to be an Employee, except as
follows:

(i)
If the employment of an Employee is terminated by the Company other than for
cause, for which the Company will be the sole judge, then the Appreciation
Rights and Options will expire three months thereafter unless by ‘their terms they expire sooner. During said period, the Appreciation Rights
and Options may be exercised in accordance with their terms, but only to the
extent exercisable on the date of termination of employment.

(ii)
If the Employee retires at normal retirement age or retires with the consent of
the Company at an earlier date or becomes permanently and totally disabled, as
determined by the Committee, while employed by the Company, the Appreciation
Rights and Options of the Employee will be exercisable and will expire in
accordance with their terms.

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(iii)
If an Employee dies while employed by the Company, the Appreciation Rights and
Options of the Employee will become fully exercisable as of the date of death
and will expire three years after the date of death unless by their terms they
expire sooner. If the Employee dies or becomes permanently and totally disabled
as determined by the Committee within the three months referred to in
subparagraph (i) above, the Appreciation Rights and Options will become fully
exercisable as of the date of death or such permanent disability and will
expire, in the case of death, one year after the date of such death. In the
case of permanent and total disability such Options and Appreciation Rights
will expire in accordance with their terms. If the Employee dies or becomes permanently
and totally disabled as determined by the Committee subsequent to the time the
Employee retires at normal retirement age or retires with the consent of the
Company at an earlier date, the Appreciation Rights and Options will fully vest
as of the date of death or permanent and total disability and will expire, in
the case of death, one year after the date of death. In the case of permanent
and total disability, such Appreciation Rights and Options will expire in
accordance with their terms.

(e) In the event a holder of Incentive Stock Awards, Performance Units
or Restricted Units ceases to be an Employee, all such Incentive Stock Awards,
Performance Units or Restricted Units subject to restrictions at the time his
or her employment terminates will be returned to the Company unless the
Committee determines otherwise except as follows:

(i) In the event the holder of Incentive Stock Awards or Restricted
Units ceases to be an Employee due to death all such Incentive Stock Awards or
Restricted Units subject to restrictions at the time his or her employment terminates will no longer be subject to said
restrictions.

(ii)
If an Employee retires at normal retirement age or retires with the consent of
the Company at an earlier date or becomes permanently and totally disabled as
determined by the Committee, all such Incentive Stock Awards, Performance Units
and Restricted Units will continue to vest over the applicable vesting or
performance period provided that during these periods such Employee does not
engage in or assist any business that the Company, in its sole discretion,
determines to be in competition with businesses engaged in by the Company.

(iii)
In the event a holder of Performance Units ceases to be an Employee prior to
the end of a performance period applicable thereto, the Committee in its sole
discretion shall determine whether to make any payment to the Participant in
respect of such Performance Unit and the timing of such payment, if any.

(f) The Committee
may in its sole discretion determine, (i) with respect to an Incentive Award,
that any Participant who is on leave of absence for any reason will be
considered as still in the employ of the Company, provided that rights to such
Incentive Award during a leave of absence will be limited to the extent to
which such right was earned or vested at the commencement of such leave of
absence, or (ii) with respect to any Appreciation Rights and Options of any
Employee who is retiring at normal retirement age or with the consent of the
Company at an earlier age, or of an Employee who becomes permanently and
totally disabled as determined by the Committee that the Appreciation Rights
and/or Options of such Employee will accelerate and become fully exercisable on
a date specified by the Committee which is not later than the effective date of
such 

 12
 

Employee’s
retirement or on a date specified by the Committee which is not later than the
date that the Employee becomes permanently and totally disabled as determined
by the Committee.

14. Effective Date of Plan and Duration of Plan.

This Plan will become effective upon adoption by the Board subject to
approval by the holders of a majority of the shares which are represented in
person or by proxy and entitled to vote on the subject at the 1991 Annual
Meeting of Shareholders of the Company. Unless previously terminated, the Plan
will terminate on September 25, 2006 except with respect to Incentive Awards
then outstanding.

 

 13Exhibit 10(w)

TENET HEALTHCARE
CORPORATION

SECOND AMENDED AND RESTATED

1995 STOCK INCENTIVE PLAN

1.  Purpose Of The Plan.

This Second Amended and Restated 1995 Stock Incentive Plan is effective
as of August 15, 2002, and amends and restates, in its entirety, the Amended
and Restated 1995 Stock Incentive Plan approved by the shareholders of the
Company on December 18, 1996.

                The
purpose of the Second Amended and Restated 1995 Stock Incentive Plan of Tenet
Healthcare Corporation is to promote the interests of the Company and its
shareholders by strengthening the Company’s ability to attract, motivate and
retain employees, advisors and consultants of training, experience and ability,
and to provide a means to encourage stock ownership and a proprietary interest
in the Company to officers and valued employees of the Company and consultants
and advisors to the Company upon whose judgment, initiative, and efforts the
financial success and growth of the business of the Company largely depend.

2.  Definitions.

(a) “Appreciation Right” means a right to receive an amount,
representing the difference between a price per share of Common Stock assigned
on the date of grant and the Fair Market Value of a share of Common Stock on
the date of exercise of such grant, payable in cash.

(b) “Board” means the Board of Directors of the Company.

(c) “Business Unit” means any division, group, subsidiary or other unit
within the Company which is designated by the Committee to constitute a
Business Unit.

(d) “Code” means the Internal Revenue Code of 1986, as amended.

(e) “Committee” means the Compensation and Stock Option Committee of
the Board, unless the Board appoints another committee to administer the Plan.

(f) “Common Stock” means the $0.075 par value Common Stock of the
Company.

(g) “Company” means Tenet Healthcare Corporation, a Nevada corporation.

(h) “Eligible Person” means an Employee, advisor or consultant of the
Company or any of its present or future Business Units but shall not include a
director who is not an Employee of the Company.

(i) “Employee” means any executive officer or any employee of the
Company, or of any of its present or future Business Units.

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

(k) “Fair Market Value” means the closing price of a share of Common
Stock on the New York Stock Exchange on the date as of which fair market value
is to be determined or the actual sale price of the shares acquired upon
exercise if the shares are sold in a same day sale, or if no sales were made on
such date, the closing price of such shares on the New York Stock Exchange on
the next preceding date on which there were such sales.

(l) “Incentive Award” means an Option, Appreciation Right, Performance
Unit, Restricted Unit, a Section 162(m) Award or cash bonus award granted under
the Plan.

(m) “Incentive Stock Option” means an Option intended to qualify under
Section 422 of the Code and the Treasury Regulations thereunder.

(n) “Option” means an Incentive Stock Option or a nonqualified stock
option.

(o) “Participant” means any Eligible Person selected to receive an
Incentive Award pursuant to Section 5.

(p) “Plan” means the Second Amended and Restated 1995 Stock Incentive
Plan as set forth herein, as it may be amended from time to time.

(q) “Performance Criteria” means one or more of the following criteria
selected by, and as further defined by, the Committee to measure achievement of
Performance Goals:

(i)                                     Income, either before or after income taxes,
including or excluding interest, depreciation and amortization, extraordinary
items and other material non-recurring gains or losses, discontinued
operations, the cumulative effect of changes in accounting policies and the
effects of any tax law changes;

(ii)                                  Return on average equity, which shall be
income calculated in accordance with paragraph (i) above, divided by the
average of stockholders’ equity as of the beginning and as of the end of the
applicable period;

(iii)                               Primary or fully diluted earnings per share of
Common Stock, which shall be income calculated in accordance with paragraph (i)
above, divided by the weighted average number of shares and share equivalents
of Common Stock;

(iv)                              Net cash provided by operating activities
based upon income calculated in accordance with paragraph (i) above; or

(v)                                 Quality of service and/or patient care,
measured by the extent to which pre-set quality objectives are achieved by the
Company or a  Business Unit.

(r) “Performance Goals” are the performance objectives with respect to
Performance Criteria established by the Committee for the Company or a Business
Unit for the purpose of determining whether, and the extent to which, a Section
162(m) Award will be awarded or paid.

(s) “Performance Unit” means a grant made under Section 8 entitling a
Participant to a payment of cash at the end of a performance period if certain
conditions as may be established by the Committee are met.

 2
 

(t) “Restricted Unit” means a grant made under Section 9 entitling a
Participant to a payment of cash at the end of a vesting period established by
the Committee equivalent in value to the Fair Market Value of a share of Common
Stock with such limits as to maximum value, if any, as may be established by
the Committee.

(u) “Section 162(m)” means Section 162(m) of the Code and regulations
and governmental interpretations thereunder.

(v) “Section 162(m) Award” means a Performance Unit or a Restricted
Unit meeting the requirements of Section 10.

3.  Shares Of Common Stock Subject To The Plan.

(a) Subject to the provisions of Section 3(c) and Section 12, the
aggregate number of shares of Common Stock that may be issued, transferred or
exercised pursuant to Incentive Awards under the Plan is 30,000,000 shares of
Common Stock.

(b) The shares of Common Stock to be delivered under the Plan will be
made available, at the discretion of the Board or the Committee, either from
authorized but unissued shares of Common Stock or from previously issued shares
of Common Stock reacquired by the Company, including shares purchased on the
open market.

(c) If any share of Common Stock that is the subject of an Incentive
Award is not issued or transferred and ceases to be issuable or transferable
for any reason, such share of Common Stock will no longer be charged against
the limitations provided for in Section 3(a) and may again be made subject to
Incentive Awards. Shares as to which an Option has been surrendered in
connection with the exercise of a related Appreciation Right, however, will not
again be available for the grant of any further Incentive Awards. Incentive
Awards to the extent they are paid out in cash and not in Common Stock shall
not be applied against the limitations provided for in Section 3(a).

4.  Administration Of The Plan.

(a) The Plan will be administered by the Committee, which will consist
of two or more persons (i) who satisfy the requirements of a “Non-Employee
Director” for purposes of Rule 16b-3 under the Exchange Act, and (ii) who
satisfy the requirements of an “outside director” for purposes of Section
162(m).

(b) The Committee has and may exercise such powers and authority of the
Board as may be necessary or appropriate for the Committee to carry out its
functions as described in the Plan. The Committee has authority in its
discretion to determine the Eligible Persons to whom, and the time or times at
which, Incentive Awards may be granted and the number of shares, units, or
Appreciation Rights subject to each Incentive Award. The Committee also has
authority to interpret the Plan, to make determinations as to whether a grantee
is permanently and totally disabled, and to determine the terms and provisions
of the respective Incentive Award agreements and to make all other
determinations necessary or advisable for Plan administration. The Committee has
authority to prescribe and rescind rules and regulations relating to the Plan.
All interpretations, determinations, and actions by the Committee will be
final, conclusive, and binding upon all parties.

 3
 

 

(c) No member of the Board nor the Committee will be liable for any
action or determination made in good faith by the Board or the Committee with
respect to the Plan or any Incentive Award under it.

5.  Eligibility.

(a) All Employees who have been determined by the Committee to be key
Employees and all consultants and advisors to the Company, or to any Business
Unit, present or future, that have been determined by the Committee to be key
consultants or advisors are eligible to receive Incentive Awards under the
Plan; however, only Employees who have been determined by the Committee to be
key Employees of the Company or any subsidiary corporation (within the meaning
of Section 424(f) of the Code) shall be eligible to receive Incentive Stock
Options under the Plan. The Committee has authority, in its sole discretion, to
determine and designate from time to time those Eligible Persons who are to be
granted Incentive Awards, and the type and amount of Incentive Award to be
granted. Each Incentive Award will be evidenced by a written instrument and may
include any other terms and conditions consistent with the Plan, as the
Committee may determine.

(b) No person will be eligible for the grant of any Incentive Stock
Option who owns or would own immediately after the grant of such Option,
directly or indirectly, stock possessing more than ten percent of the total
combined voting power of all classes of stock of the Company or of any
subsidiary corporation (within the meaning of Section 424(f) of the Code). This
does not apply if, at the time such Incentive Stock Option is granted, the
Incentive Stock Option price is at least 110% of the Fair Market Value of the
Common Stock on the date of the grant. In this event, the Incentive Stock
Option by its terms is not exercisable after the expiration of five years from
the date of grant.

6.  Terms And Conditions Of Stock Options.

(a) The exercise price per share for each Option will be at least equal
to the Fair Market Value of the Common Stock on the date of grant.

(b) Options shall vest no earlier than ratably over three years and
will not be exercisable for at least one year after being granted. Options may
be exercised as determined by the Committee, but in no event may an Option be
exercisable after 10 years from the date of grant.

(c) The exercise price of an
Option, and any federal and state withholding obligation resulting from the
exercise of such Option, will be payable in full (i) upon exercise, in cash,
(ii) by the Participant irrevocably authorizing a broker approved in writing by
the Company to sell shares of Common Stock acquired through exercise of the
Option and remitting to the Company a sufficient portion of the sale proceeds
to pay the entire exercise price and any federal and state withholding
resulting from such exercise (a “cashless exercise”); provided that, notwithstanding
anything in this Plan to the contrary, (A) the Company shall issue such shares
of Common Stock only at or after the time the Company receives full payment for
such shares, (B) the exercise price for such shares of Common Stock will be due
and payable to the Company no later than one business day following the date on
which the proceeds from the sale of the underlying shares of Common Stock are
received by the authorized broker, and (C) in no event will the Company
directly or indirectly extend or maintain credit, arrange for the extension of
credit or renew any extension of credit, in the form of a personal loan or
otherwise, in connection with a cashless exercise, (iii) in the discretion of
the Committee, upon exercise, by the assignment and delivery to the Company of
shares of Common Stock owned by the 

 4
 

Participant, or (iv) by a combination of any of the
above.  Any shares assigned and delivered
to the Company in payment or partial payment of the exercise price will be
valued at the Fair Market Value on the exercise date and shall be accompanied
by an assignment separate from certificate and any other document(s) reasonably
requested by the Company.

(d) With respect to Incentive Stock Options granted under the Plan, the
aggregate Fair Market Value (determined as of the date the Incentive Stock
Option is granted) of the number of shares with respect to which Incentive
Stock Options are exercisable for the first time by an Employee during any
calendar year (under the Plan or any other plan of the Company or a subsidiary
corporation (within the meaning of Section 424(f) of the Code)) shall not
exceed one hundred thousand dollars ($100,000) or such other limit as may be
set forth in the Code.

(e) No fractional shares will be issued pursuant to the exercise of an
Option nor will any cash payment be made in lieu of fractional shares.

(f) With respect to the exercise of an Option under the Plan, the
Participant may, in the discretion of the Committee, receive a replacement
Option under the Plan to purchase a number of shares of Common Stock equal to
the number of shares of Common Stock, if any, which the Participant delivered
on exercise of the Option, with a purchase price equal to the Fair Market Value
on the exercise date and with a term extending to the expiration date of the
original Option.

(g) At the time a Participant exercises an Option (other than, in the
case of a participant who is a “covered employee” for purposes of Section
162(m) at the time of exercise, an Option that meets the requirements of
Section 162(m)), the Committee may grant a cash bonus award in such amount as
the Committee may determine. The Committee may make such a determination at the
time of grant or exercise. The cash bonus award may be subject to any condition
imposed by the Committee, including a reservation of the right to revoke a cash
bonus award at any time before it is paid.

(h) All Incentive Stock Options shall be granted within 10 years from
the date this Plan is adopted or is approved by the shareholders, whichever is
earlier.

(i) Incentive Stock Options by their terms shall not be transferable by
the Employee, other than by will or by laws of descent and distribution and
shall be exercisable only by an Employee during his or her lifetime.

7.  Terms And Conditions Of Appreciation Rights.

(a) An Appreciation Right may be granted in connection with an Option,
either at the time of grant or at any time thereafter during the term of the
Option.

(b) An Appreciation Right granted in connection with an Option will
entitle the holder, upon exercise, to surrender such Option or any portion
thereof to the extent unexercised, with respect to the number of shares as to
which such Appreciation Right is exercised, and to receive payment of an amount
computed pursuant to Section 7(d). Such Option will, to the extent and when
surrendered, cease to be exercisable.

(c) Subject to Section 7(i), an Appreciation Right granted in
connection with an Option hereunder will be exercisable at such time or times,
and only to the extent, that a related Option 

 5
 

is
exercisable, will expire no later than the related Option expires and will not
be transferable except to the extent that such related Option may be
transferable.

(d) Upon the exercise of an Appreciation Right granted in connection
with an Option, the holder will be entitled to receive payment of an amount
determined by multiplying:

(i) The difference obtained
by subtracting the purchase price of a share of Common Stock specified in the
related Option from the Fair Market Value of a share of Common Stock on the
date of exercise of such Appreciation Right, by

(ii) The number of shares as
to which such Appreciation Right will have been exercised.

(e) An Appreciation Right may be granted without relationship to an
Option and, in such case, will be exercisable as determined by the Committee,
but in no event after 10 years from the date of grant.

(f) An Appreciation Right granted without relationship to an Option
will entitle the holder, upon exercise of the Appreciation Right, to receive
payment of an amount determined by multiplying:

(i) The difference obtained
by subtracting the amount assigned to the Appreciation Right by the Committee
on the date of grant (which shall not be less than the amount allowed by
applicable law) from the Fair Market Value of a share of Common Stock on the
date of exercise of such Appreciation Right, by

(ii) The number of shares as
to which such Appreciation Right will have been exercised.

(g) At the time of grant of an Appreciation Right, the Committee may
determine the maximum amount payable with respect to such Appreciation Right;
however, such maximum amount shall in no event be greater than the applicable
amount determined in accordance with Section 7(d) or 7(f).

(h) Payment of the amount determined under Section 7(d) or (f) shall be
made in cash.

(i) An Appreciation Right granted in connection with an Incentive Stock
Option may be exercised only when the market price of the Common Stock subject
to the Incentive Stock Option exceeds the purchase price of a share of Common
Stock related to the Incentive Stock Option.

8.  Terms And Conditions Of Performance Units.

Performance Units, measured in whole or in part by the value of shares
of Common Stock, the performance of the Participant, the performance of the
Company or any Business Unit or any combination thereof, may be granted under
the Plan. Such incentives shall be payable in cash and shall be subject to such
restrictions and conditions, as the Committee shall determine. At the time of a
Performance Unit grant, the Committee shall determine, in its sole discretion,
one or more performance periods and performance goals to be achieved during the
applicable performance periods as well as a target payment value for the
Performance Unit or a range of payment values. No performance period shall
exceed 10 years from the date of the 

 6
 

grant.
The performance goals applicable to a Performance Unit grant may be subject to
such later revisions as the Committee shall deem appropriate to reflect
significant unforeseen events such as changes in laws, regulations or
accounting practices, or unusual or nonrecurring items or occurrences. At the
end of the performance period, the Committee shall determine the extent to
which performance goals have been attained or a degree of achievement between
maximum and minimum levels in order to establish the level of payment to be
made, if any.

                The
Committee may provide that during a performance period a Participant shall be
paid a cash amount per Performance Unit in the same amount and at the same time
as a dividend on a share of Common Stock.

9.  Terms And Conditions Of Restricted Units.

                Restricted
Units may be granted under the Plan based on past, current and potential
performance. Such Units shall be subject to such restrictions and conditions as
the Committee shall determine. At the time of a Restricted Unit grant, the
Committee shall determine, in its sole discretion, the vesting period of the
Units and the maximum value of the Units. No vesting period shall exceed 10
years from the date of the grant. A Restricted Unit grant may be made subject
to such later revisions as the Committee shall deem appropriate to reflect
significant unforeseen events such as changes in laws, regulations or
accounting practices, or unusual or nonrecurring items or occurrences. At the
end of the vesting period applicable to Restricted Units granted to a
Participant, a cash amount equivalent in value to the Fair Market Value of one
share of Common Stock on the last day of the vesting period, subject to any maximum
value determined by the Committee at the time of grant, shall be paid with
respect to each such Restricted Unit to the Participant.

                During
the vesting period for Restricted Units, the Committee may provide that a
Participant shall be paid with respect to each Restricted Unit, cash amounts in
the same amount and at the same time as a dividend on a share of Common Stock.

10.  Section 162(M) Awards.

                Without
limiting the generality of the foregoing, any of the Performance Units or
Restricted Units referred to in Sections 8 and 9, respectively, may be granted
as awards that satisfy the additional requirements of this Section 10 so as to
qualify for exemption as “performance-based compensation” within the meaning of
Section 162(m). Any such award shall be designated as a Section 162(m) Award at
the time of grant.

                (a)  Eligible Class.  The eligible class of persons for Section
162(m) Awards shall be all Eligible Persons.

                (b)  Performance Goals.  A Participant’s right to receive any payment with
respect to an Incentive Award designated as a Section 162(m) Award shall be
determined by the degree of achievement of a Performance Goal or Goals. The
specific Performance Goals with respect to a Section 162(m) Award must be
established by the Committee in advance of the deadlines applicable under
Section 162(m) and while the performance relating to the Performance Goals
remains substantially uncertain. Notwithstanding anything elsewhere in the Plan
to the contrary (other than Section 12(d)), as and to the extent required by
Section 162(m), the Performance Goal must state, in terms of an objective
formula or standard, the method of computing the amount of compensation payable
to the Participant if the Performance Goal is attained, and 

 7
 

must
preclude discretion to increase the amount of compensation payable that
otherwise would be due upon attainment of the Performance Goal.

                (c)  Committee Certification.  Before any Section 162(m) Award is paid to a
Participant, the Committee must certify in writing (by resolution or otherwise)
that the applicable Performance Goals and any other material terms of the
Section 162(m) Award were satisfied; provided, however, that a Section 162(m)
Award may be paid without regard to the satisfaction of the applicable Performance
Goal (and the requirements of Section 162(m)) in the event of a Change in
Control as provided in Section 12(d).

                (d)  Terms And Conditions Of
Awards; Committee Discretion To Reduce Awards.  The Committee shall have discretion to
determine the conditions, restrictions or other limitations, in accordance with
the terms of this Plan and Section 162(m), on the payment of individual Section
162(m) Awards. To the extent set forth in a Section 162(m) Award agreement, the
Committee may reserve the right to reduce the amount payable in accordance with
any standards or on any other basis (including the Committee’s discretion), as
the Committee may impose.

                (e)  Adjustments For Material
Changes.  As and to the extent
permitted by Section 162(m), in the event of (i) a change in corporate
capitalization, a corporate transaction or a complete or partial corporate
liquidation, or (ii) any extraordinary gain or loss or other event that is
treated for accounting purposes as an extraordinary item under generally
accepted accounting principles, or (iii) any material change in accounting
policies or practices affecting the Company and/or the Performance Goals, then,
to the extent any of the foregoing events was not anticipated at the time the
Performance Goals were established, the Committee may make adjustments to the
Performance Goals, based solely on objective criteria, so as to neutralize the
effect of the event on the applicable Section 162(m) Award.

                (f)  Interpretation.  It is the intent of the Company that the
Section 162(m) Awards satisfy, and be interpreted in a manner that satisfy, the
applicable requirements of Section 162(m), including the requirements for
performance-based compensation under Section 162(m)(4)(C), so that the Company’s
tax deduction for remuneration in respect of such an award for services
performed by employees of the Company who are subject to Section 162(m) is not
disallowed in whole or in part by the operation of such Code section. If any
provision of this Plan otherwise would frustrate or conflict with the intent
expressed in this Section 10, that provision, to the extent possible, shall be
interpreted and deemed amended so as to avoid such conflict. To the extent of
any remaining irreconcilable conflict with such intent, such provision shall be
deemed void as applicable to such employees with respect to whom such conflict
exists. Nothing herein shall be interpreted so as to preclude any Eligible
Person from receiving an award that is not a Section 162(m) Award.

 11.  Limits On Awards

                The
maximum number of shares of Common Stock or stock units underlying (i) Options
and Appreciation Rights and/or (ii) Performance Units and Restricted Units,
that may be granted to any Eligible Person during any period of five
consecutive fiscal years of the Company, beginning with fiscal year 1996, shall
not exceed an average number of 500,000 shares per year, either individually or
in the aggregate with respect to all such types of awards, with such number of
shares subject to adjustment on the same basis as provided in Section 12. To
the extent required by Section 162(m), awards subject to the foregoing limit
that are cancelled shall not again be available for grant under this limit. The
maximum dollar amount of compensation in 

 8
 

respect
of Performance Units and Restricted Units that may be paid to any Eligible
Person during any fiscal year of the Company shall not exceed $1,500,000.

12.  Adjustment Provisions.

                (a)
Subject to Section 12(b), if the outstanding shares of Common Stock of the
Company are increased, decreased, or exchanged for a different number or kind
of shares or other securities, or if additional shares or new or different
shares or other securities are distributed with respect to such shares of
Common Stock or other securities, through merger, consolidation, spin off, sale
of all or substantially all the property of the Company, reorganization,
recapitalization, reclassification, stock dividend, stock split, reverse stock split
or other distribution with respect to such shares of Common Stock, or other
securities, an appropriate and proportionate adjustment may be made in (i) the
maximum number and kind of shares provided in Section 3, (ii) the number and
kind of shares, units, or other securities subject to the then-outstanding
Incentive Awards, and (iii) the price for each share or other unit of any other
securities subject to then-outstanding Incentive Awards without change in the aggregate
purchase price or value as to which such Incentive Awards remain exercisable or
subject to restrictions.

                (b)
Despite the provisions of Section 12(a), upon dissolution or liquidation of the
Company or upon a reorganization, merger, or consolidation of the Company with
one or more corporations as a result of which the Company is not the surviving
corporation or survives as a subsidiary of another corporation, or upon the
sale of all or substantially all the property of the Company, all Incentive
Awards then outstanding under the Plan will be fully vested and exercisable and
all restrictions will immediately cease, unless provisions are made in
connection with such transaction for the continuance of the Plan and the
assumption or the substitution for such Incentive Awards of new incentive
awards covering the stock of a successor employer corporation, or a parent or
subsidiary thereof, with appropriate adjustments as to the number and kind of
shares and prices.

                (c)
Adjustments under Section 12(a) and 12(b) will be made by the Committee, whose
determination as to what adjustments will be made and the extent thereof will
be final, binding and conclusive. No fractional interest will be issued under
the Plan on account of any such adjustments.

                (d)
Notwithstanding any provision herein to the contrary, in the event a Change of
Control occurs or in the event that any Person makes a filing under Sections
13(d) or 14(d) of the Exchange Act with respect to the Company, the Committee
may, in its sole discretion, without obtaining shareholder approval, take any
one or more of the following actions with respect to all Eligible Persons and
Participants:

(i) Accelerate the vesting
dates of any outstanding Appreciation Rights, Restricted Units or Options,
accelerate the performance period of outstanding Performance Units, or make
outstanding Performance Units fully payable;

(ii) Determine that all or
any portion of conditions associated with any Incentive Award have been met;

(iii) Grant a cash bonus
award to any of the holders of outstanding Options (other than, in the case of
a Participant who is a covered employee, an Option that meets the requirements
of Section 162(m));

 9
 

 

                                (iv)
Grant Appreciation Rights to holders of outstanding Options;

                                (v)
Pay cash to any or all Option holders in exchange for the cancellation of their
outstanding Options;

                                (vi)
Make any other adjustments or amendments to the Plan and outstanding Incentive
Awards and substitute new Incentive Awards.

                For
purposes of this Section 12(d), the following definitions shall apply:

                (A)
A “Change in Control” of the Company shall have occurred when a Person, alone
or together with its Affiliates and Associates, becomes the beneficial owner of
20% or more of the general voting power of the Company.

                (B)
“Affiliate” and “Associate” shall have the respective meanings ascribed to such
terms in Rule 12b-2 of the General Rules and Regulations under the Exchange
Act.

                (C)
“Person” shall mean an individual, firm, corporation or other entity or any
successor to such entity, but “Person” shall not include the Company, any
subsidiary of the Company, any employee benefit plan or employee stock plan of
the Company, or any Person organized, appointed, established or holding Voting
Stock by, for or pursuant to the terms of such a plan or any Person who acquires
20% or more of the general voting power of the Company in a transaction or
series of transactions approved prior to such transaction or series of
transactions by the Board.

                (D)
“Voting Stock” shall mean shares of the Company’s capital stock having general
voting power, with “voting power” meaning the power under ordinary
circumstances (and not merely upon the happening of a contingency) to vote in
the election of directors.

13.  General Provisions.

                (a)
Nothing in the Plan or in any instrument executed pursuant to the Plan will
confer upon any Participant who is an Employee any right to continue in the
employ of the Company or any of its subsidiaries or affect the right of the
Company to terminate the employment of such Participant or terminate the consulting
or advisory services of any Participant at any time with or without cause.

                (b)
No shares of Common Stock will be issued or transferred pursuant to an
Incentive Award unless and until all then-applicable requirements imposed by
federal and state securities and other laws, rules and regulations and by any
regulatory agencies having jurisdiction, and by any stock exchanges upon which
the Common Stock may be listed, have been fully met. As a condition precedent
to the issuance of shares pursuant to the grant or exercise of an Incentive
Award, the Company may require the Participant to take any reasonable action to
meet such requirements.

                (c)
No Participant and no beneficiary or other person claiming under or through
such Participant will have any right, title or interest in or to any shares of
Common Stock allocated or reserved under the Plan or subject to any Incentive
Award except as to such shares of Common Stock, if any, that have been issued
or transferred to such Participant.

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                (d)
The Company shall have the right to deduct from any settlement, including the
delivery or vesting of Incentive Awards, made under the Plan any federal, state
or local taxes of any kind required by law to be withheld with respect to such
payments or take such other action as may be necessary in the opinion of the
Company to satisfy all obligations for the payment of such taxes. With respect
to any nonqualified stock Option, the Committee may, in its discretion, permit
the Participant to satisfy, in whole or in part, any tax withholding obligation
which may arise in connection with the exercise of the nonqualified stock
Option by electing to have the Company withhold shares of Common Stock having a
Fair Market Value equal to the amount of the tax withholding.

                (e)
No Incentive Award and no right under the Plan, contingent or otherwise, will
be transferable, assignable or subject to any encumbrances, pledge or charge of
any nature except that, under such rules and regulations as the Company may
establish pursuant to the terms of the Plan, a beneficiary may be designated
with respect to an Incentive Award in the event of death of a Participant. If
such beneficiary is the executor or administrator of the estate of the
Participant, any rights with respect to such Incentive Award may be transferred
to the person or persons or entity (including a trust) entitled thereto.

                (f)
The Company may make a loan to a Participant in connection with the exercise of
an Option in an amount not to exceed the aggregate exercise price of the Option
being exercised and the amount of any federal and state taxes payable in
connection with such exercise for the purpose of assisting such optionee to
exercise such Option. Any such loan may be secured by shares of Common Stock or
other collateral deemed adequate by the Committee and will comply in all
respects with all applicable laws and regulations. The Committee may adopt
policies regarding eligibility for such loans, the maximum amounts thereof and
any terms and conditions not specified in the Plan upon which such loans will
be made. Such loans will bear interest at a rate determined by the Committee.

                (g)
The forms of Options and Appreciation Rights granted under the Plan may contain
such other provisions as the Committee may deem advisable.

14.  Amendment And Termination.

                (a)
The Committee will have the power, in its discretion, to amend, suspend or
terminate the Plan at any time. The Committee may amend the Plan to address
administrative matters but may not, however, amend the Plan in any material
respect, including without limitation, (i) increasing the number of shares of
Common Stock that may be issued, transferred or exercised pursuant to Incentive
Awards under the Plan, or (ii) changing the types or terms of Incentive Awards
that may be made under the Plan, without the approval of the shareholders of
the Company.

                (b)
The Committee may, with the consent of a Participant, make such modifications
in the terms and conditions of an Incentive Award agreement as it deems
advisable.

                (c)
No amendment, suspension or termination of the Plan will, without the consent
of the Participant, alter, terminate, impair or adversely affect any right or
obligation under any Incentive Award previously granted under the Plan.

                (d)
An Appreciation Right or an Option held by a person who was an Employee at the
time such Appreciation Right or Option was granted will expire immediately if
and when the Participant ceases to be an Employee, except as follows:

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(i) If the employment of an
Employee is terminated by the Company other than for cause, for which the
Company will be the sole judge, then the Appreciation Rights and Options will
expire three months thereafter unless by their terms they expire sooner. During
said period, the Appreciation Rights and Options may be exercised in accordance
with their terms, but only to the extent exercisable on the date of termination
of employment.

(ii) If the Employee retires
at normal retirement age or retires with the consent of the Company at an
earlier date or becomes permanently and totally disabled, as determined by the
Committee, while employed by the Company, the Appreciation Rights and Options
of the Employee will be exercisable and expire in accordance with their terms.

(iii) If an Employee dies
while employed by the Company, the Appreciation Rights and Options of the
Employee will become fully exercisable as of the date of death and will expire
three years after the date of death unless by their terms they expire sooner.
If the Employee dies or becomes permanently and totally disabled as determined
by the Committee within the three months referred to in subparagraph (i) above,
the Appreciation Rights and Options will become fully exercisable as of the
date of death or such permanent disability and will expire, in the case of
death, one year after the date of such death. In the case of permanent and
total disability such Options and Appreciation Rights will expire in accordance
with their terms. If the Employee dies or becomes permanently and totally
disabled as determined by the Committee subsequent to the time the Employee
retires at normal retirement age or retires with the consent of the Company at
an earlier date, the Appreciation Rights and Options will fully vest as of the
date of death or permanent and total disability and will expire, in the case of
death, one year after the date of death. In the case of permanent and total
disability, such Appreciation Rights and Options will expire in accordance with
their terms.

                (e)
In the event a holder of Performance Units or Restricted Units (including any
such award designated as a Section 162(m) Award) ceases to be an Employee, all
such Performance Units or Restricted Units subject to restrictions at the time
his or her employment terminates will be returned to the Company unless the
Committee determines otherwise except as follows:

(i) In the event the holder
of Restricted Units ceases to be an Employee due to death all such Restricted
Units subject to restrictions at the time his or her employment terminates will
no longer be subject to said restrictions.

(ii) If an Employee retires
at normal retirement age or retires with the consent of the Company at an
earlier date or becomes permanently and totally disabled as determined by the
Committee, all such Performance Units and Restricted Units will continue to
vest over the applicable vesting or performance period provided that during
these periods such Employee does not engage in or assist any business that the
Company, in its sole discretion, determines to be in competition with
businesses engaged in by the Company.

(iii) In the event a holder
of Performance Units ceases to be an Employee prior to the end of a performance
period applicable thereto, the Committee in its sole discretion shall determine
whether to make any payment to the Participant in respect of such Performance
Unit and the timing of such payment, if any.

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                (f)
The Committee may in its sole discretion determine, (i) with respect to an
Incentive Award, that any Participant who is on leave of absence for any reason
will be considered as still in the employ of the Company, provided that rights
to such Incentive Award during a leave of absence will be limited to the extent
to which such right was earned or vested at the commencement of such leave of
absence, or (ii) with respect to any Appreciation Rights and Options of any
Employee who is retiring at normal retirement age or with the consent of the Company
at an earlier age, or of an Employee who becomes permanently and totally disabled
as determined by the Committee that the Appreciation Rights and/or Options of
such Employee will accelerate and become fully exercisable on a date specified
by the Committee which is not later than the effective date of such Employee’s
retirement or on a date specified by the Committee which is not later than the
date that the Employee becomes permanently and totally disabled as determined
by the Committee.

15.  Effective Date Of Plan And Duration Of Plan.

                This
Plan, as amended hereby, will become effective upon adoption by the Board
subject to approval by the holders of a majority of the shares which are represented
in person or by proxy and entitled to vote on the subject at the Special
Meeting of Shareholders of the Company held on January 28, 1997. Unless
previously terminated, the Plan will terminate on January 28, 2007 except with
respect to Incentive Awards then outstanding.

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