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                                                                   Exhibit 10.39

                              EMPLOYMENT AGREEMENT

         THIS EMPLOYMENT AGREEMENT (this "Agreement"), dated as of August 14,
2003, by and between GAYLORD ENTERTAINMENT COMPANY, a Delaware corporation
having its corporate headquarters at One Gaylord Drive, Nashville, Tennessee
37214 (the "Company") and James S. Olin, a resident of Niceville, Florida
("Executive").

                                   WITNESSETH:

         WHEREAS, the Company has entered into an Agreement and Plan of Merger,
of even date herewith (the "Merger Agreement"), among the Company, GET Merger
Sub, Inc. (the "Sub"), and ResortQuest International, Inc.("ResortQuest"),
pursuant to which the Sub will be merged with and into ResortQuest with
ResortQuest surviving as a wholly-owned subsidiary of the Company (the
"Merger");

         WHEREAS, the Executive is employed as the President and Chief Executive
Officer of ResortQuest; and

         WHEREAS, the Company desires to employ Executive as the President and
Chief Executive Officer of its ResortQuest subsidiary upon the closing of the
Merger, and Executive desires to serve in such capacity pursuant to the terms of
this Agreement;

         NOW, THEREFORE, in consideration of the covenants and agreements
hereinafter set forth, the parties hereto agree as follows:

                                    AGREEMENT

         1.       EMPLOYMENT; TERM. The Company hereby agrees to employ
Executive, and Executive hereby agrees to employment with the Company upon the
terms and conditions contained in this Agreement. The term of Executive's
employment hereunder shall commence upon the Closing of the Merger (the
"Effective Date") and shall continue for a period of four (4) years from and
after the Effective Date (the "Initial Period"). For purposes of this Agreement,
a "Contract Year" shall mean a one year period commencing on the Effective Date
or any anniversary thereof. This Agreement shall automatically renew for one (1)
year terms (each referred to as an "Extension Period") (the Initial Period and
each Extension Period collectively referred to as the "Employment Period")
unless either party notifies the other party at least ninety (90) days prior to
the expiration of the Initial Period or any Extension Period.

         2.       DUTIES; TITLE.

         (a)      Description of Duties.

                  (i)      During the Employment Period, Executive shall serve
         the Company as the President and Chief Executive Officer of its
         ResortQuest subsidiary and report directly to the President and Chief
         Executive Officer ("CEO") of the Company. Executive shall also perform
         such other duties as the CEO of the Company shall reasonably determine.

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                  (ii)     Executive shall faithfully perform the duties
         required of his office. Executive shall devote all of his business time
         and effort to the performance of his duties to the Company. Executive
         shall not, during the Employment Period, be engaged in any other
         business activity pursued for gain, profit or other pecuniary advantage
         if such activity interferes with Executive's duties and
         responsibilities hereunder.

         (b)      Company Policies. Executive shall be subject to and shall
comply with all codes of conduct, personnel policies and procedures applicable
to senior executives of the Company, including, without limitation, policies
regarding sexual harassment, conflicts of interest and insider trading.

         3.       CASH COMPENSATION.

         (a)      Base Salary. During the Employment Period, the Company shall
pay to Executive an annual salary of $350,000 (the "Base Salary"). The Company
shall evaluate Executive for base salary increases annually based on
performance.

         (b)      Annual Cash Bonus. During the Employment Period, Executive
shall be eligible for an annual cash bonus of up to a target of 55% of
Executive's Base Salary (the "Year-End Bonus") to be paid to him in each
calendar year with the determination of the Year-End Bonus, if any, to be based
on the achievement of certain goals and Company performance criteria as
established by the CEO and approved by the Board's Human Resources Committee.
The Year-End Bonus for each calendar year shall be paid to Executive on or
before February 28th of the immediately succeeding year.

         (c)      Withholding. The Base Salary and each Year-End Bonus shall be
subject to applicable withholding and shall be payable in accordance with the
Company's payroll practices.

         4.       BENEFITS; EXPENSES; ETC.

         (a)      Expenses. During the Employment Period, the Company shall
reimburse Executive, in accordance with the Company's policies and procedures,
for all reasonable expenses incurred by Executive in connection with the
performance of his duties for the Company.

         (b)      Vehicle Allowance. During the Employment Period, Executive
shall be entitled to receive from the Company a vehicle allowance of $800 per
month.

         (c)      Vacation. During the Employment Period, Executive shall be
entitled to three (3) weeks vacation during each Contract Year.

         (d)      Company Plans. During the Employment Period, Executive shall
be entitled to participate in and enjoy the benefits of (i) the Company Health
Insurance Plan, (ii) the Company 401(k) Savings Plan, (iii) the Company
Supplemental Deferred Compensation ("SUDCOMP") Plan, and (iv) any health, life,
disability, retirement, pension, group insurance, or other similar plan or plans
which may be in effect or instituted by the Company for the benefit of
executives

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generally, upon such terms as may be therein provided. A summary of such
benefits as in effect on the date hereof has been provided to Executive, the
receipt of which is hereby acknowledged.

         5.       TERMINATION. Executive's employment hereunder may be
terminated prior to the expiration of the Employment Period as follows:

         (a)      Termination by Death. Upon the death of Executive, Executive's
employment shall automatically terminate as of the date of death.

         (b)      Termination by Company for Permanent Disability. At the option
of the Company, Executive's employment may be terminated by written notice to
Executive or his personal representative in the event of the Permanent
Disability of Executive. As used herein, the term "Permanent Disability" shall
mean a physical or mental incapacity or disability which renders Executive
unable substantially to render the services required hereunder for a period of
ninety (90) consecutive days or one hundred eighty (180) days during any twelve
(12) month period as determined in good faith by the Company.

         (c)      Termination by Company for Cause. At the option of the
Company, Executive's employment may be terminated by written notice to Executive
upon the occurrence of any one or more of the following events (each, a
"Cause"):

                  (i)      any action by Executive constituting fraud,
         self-dealing, embezzlement, or dishonesty in the course of his
         employment hereunder;

                  (ii)     any conviction of Executive of a crime involving
         moral turpitude;

                  (iii)    failure of Executive after written reasonable notice
         promptly to comply with any material, valid and legal directive of the
         CEO;

                  (iv)     a material breach by Executive of any of his
         obligations under this Agreement and failure to cure such breach within
         ten (10) days of his receipt of written notice thereof from the
         Company(or, if such material breach is not capable of being cured
         within ten (10) days, Executive shall fail to commence such cure within
         ten (10) days and diligently prosecute such cure); or

                  (v)      a failure by Executive to perform adequately his
         responsibilities under this Agreement as demonstrated by objective and
         verifiable evidence showing that the business operations under
         Executive's control have been materially harmed as a result of
         Executive's gross negligence or willful misconduct.

         (d)      Termination by Executive for Good Reason. At the option of
Executive, Executive may terminate his employment by written notice to Company
given within a reasonable time after the occurrence of the following
circumstances ("Good Reason"), unless the Company cures the same within thirty
(30) days of such notice:

                  (i)      Any reduction by Company of his Base Salary
         (excluding a reduction of up to 5% of his Base Salary provided such
         reduction is made on a Company-wide basis);

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                  (ii)     Company's requiring Executive to be based anywhere
         other than Destin, Florida, except for required travel on the Company's
         business; or

                  (iii)    A material breach by the Company of any of its
         obligations under this Agreement.

         (e)      Termination by Company Without Cause or by Executive Without
Good Reason. The Executive's employment may be terminated by the Company other
than for Permanent Disability or Cause upon written notice to Executive at any
time ("Without Cause") or by Executive other than for Good Reason upon written
notice to the Company at any time ("Without Good Reason").

         6.       EFFECT OF TERMINATION.

         (a)      Effect Generally. If Executive's employment is terminated
prior to the fourth anniversary of the Effective Date, the Company shall not
have any liability or obligation to Executive other than as specifically set
forth in Section 5, Section 6 and Section 7 hereof. Upon the termination of
Executive's employment for any reason, he shall, upon the request of the
Company, resign from all corporate offices held by Executive.

         (b)      Effect of Termination by Death. Upon the termination of
Executive's employment as a result of death, Executive's estate shall be
entitled to receive an amount equal to: (i) accrued but unpaid Base Salary
through the date of termination; (ii) a pro rata portion of Executive's Year-End
Bonus, if any, for the year in which termination occurs; (iii) any unpaid
portion of the Year-End Bonus for prior calendar years, accrued and unpaid
vacation pay, unreimbursed expenses incurred pursuant to Section 4(a) or (b) and
any other benefits owed to Executive pursuant to any written employee benefit
plan or policy of the Company, excluding benefits payable to any plan
beneficiary pursuant to a contractual beneficiary designation by Executive; (iv)
the portion of any restricted stock grant that is free from restrictions as of
the date of death; (v) Executive's vested stock options as of the date of death,
the vesting and exercise of which is governed by the Omnibus Plan; and (vi) all
of Executive's stock options, which pursuant to the Omnibus Plan are accelerated
as of the termination date and are exercisable until the expiration of the
applicable stock option term.

         (c)      Effect of Termination for Permanent Disability. Upon the
termination of Executive's employment hereunder as a result of Permanent
Disability, Executive shall be entitled to receive an amount equal to: (i)
accrued but unpaid Base Salary through the date of termination; (ii) a pro rata
portion of Executive's Year-End Bonus, if any, for the year in which termination
occurs; (iii) any unpaid portion of the Year-End Bonus for prior calendar years,
long-term disability benefits available to executives of the Company, accrued
and unpaid vacation pay, unreimbursed expenses incurred pursuant to Section 4(a)
or (b) and any other benefits owed to Executive pursuant to any written employee
benefit plan or policy of the Company; (iv) the portion of any restricted stock
grant that is free from restrictions as of the termination date; (v) Executive's
vested stock options as of the date of termination, the vesting of which is
governed by the Omnibus Plan; and (vi) all of Executive's stock options, which
pursuant to the Omnibus Plan are accelerated as of the termination date and are
exercisable until the expiration of the applicable stock option term. Payments
to Executive hereunder shall be

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reduced by any payments received by Executive under any worker's compensation or
similar law.

         (d)      Effect of Termination by the Company for Cause or by Executive
Without Good Reason. Upon the termination of Executive's employment by the
Company for Cause or by Executive Without Good Reason, Executive shall be
entitled to receive an amount equal to: (i) accrued but unpaid Base Salary
through the date of termination; (ii) any unpaid Year-End Bonus for prior
calendar years, accrued but unpaid vacation pay, unreimbursed expenses incurred
pursuant to Section 4(a) or (b) and any other benefits owed to Executive
pursuant to any written employee benefit plan or policy of the Company; and
(iii) the portion of any restricted stock grant that is free from restrictions
as of the termination date. All stock options, to the extent not theretofore
exercised, shall terminate on the date of termination of employment under this
Section 6(d). Executive shall also forfeit any right to a Year-End Bonus for the
calendar year in which Executive's termination occurs.

         (e)      Effect of Termination by the Company Without Cause or by
Executive for Good Reason. Upon the termination of Executive's employment
hereunder by the Company Without Cause or by Executive for Good Reason,
Executive shall be entitled to: (i) an amount equal to Executive's Base Salary
over a 12 month period, payable in installments as normal payroll over the 12
months following the date of termination; (ii) any unpaid portion of the
Year-End Bonus for prior calendar years and a prorated portion of any bonus the
Executive may earn as a Year-End Bonus for the current year, provided the
Executive has been employed for more than six months in the current year; (iii)
accrued and unpaid vacation pay, unreimbursed expenses incurred pursuant to
Section 4(a) or (b) and any other benefits owed to Executive pursuant to any
written employee benefit plan or policy of the Company; (iv) the portion of any
restricted stock or restricted stock unit grant that is free from restrictions
as of the date of termination and the acceleration and immediate release of all
restrictions from all shares of any restricted stock or restricted stock unit
grant that are subject to restrictions as of the date of termination and
scheduled to vest during the 12 month period following the date of termination;
(v) the vested portion of Executive's stock options, and the acceleration and
immediate vesting of Executive's unvested stock options that are scheduled to
vest during the 12 month period following the date of termination; and (vi)
continued coverage during the 12 month period following the date of termination
under the Company's employee medical and life insurance plans. Executive shall
have one (1) year from the date of such termination Without Cause or by
Executive for Good Reason to exercise all vested stock options.

         7.       CHANGE OF CONTROL.

         (a)      Definition. A "Change of Control" shall be deemed to have
taken place if:

                  (i)      any person or entity, including a "group" as defined
         in Section 13(d)(3) of the Securities Exchange Act of 1934, other than
         the Company, a wholly-owned subsidiary thereof, or any employee benefit
         plan of the Company or any of its subsidiaries becomes the beneficial
         owner of Company securities having 50% or more of the combined voting
         power of the then outstanding securities of the Company that may be
         cast for the election of directors of the Company (other than as a
         result of the issuance of securities initiated by the Company in the
         ordinary course of business);

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                  (ii)     as the result of, or in connection with, any cash
         tender or exchange offer, merger or other business combination, sale of
         assets or contested election, or any combination of the foregoing
         transactions, the holders of all the Company's securities entitled to
         vote generally in the election of directors of the Company immediately
         prior to such transaction constitute, following such transaction, less
         than a majority of the combined voting power of the then-outstanding
         securities of the Company or any successor corporation or entity
         entitled to vote generally in the election of the directors of the
         Company or such other corporation or entity after such transactions; or

                  (iii)    the Company sells all or substantially all of the
         assets of the Company.

         (b)      Effect of Change of Control. In the event that within one (1)
year following a Change of Control, the Company terminates Executive Without
Cause or Executive terminates employment for Good Reason (and for purposes of
the definition of "Good Reason" as used in this paragraph 7(b), the following
two circumstances shall also constitute Good Reason in addition to the three
circumstances described in Section 5(d): (i) any adverse change by Company in
the Executive's position or title described in Section 2 hereof, whether or not
any such change has been approved by a majority of the members of the Board; and
(ii) the assignment to Executive, over his reasonable objection, of any duties
materially inconsistent with his status as Chief Executive Officer of
ResortQuest or a substantial adverse alteration in the nature of his
responsibilities), Executive shall be entitled to (in lieu of the benefits
provided pursuant to Section 6(e)): (i) an amount equal to Executive's Base
Salary over a 24 month period, payable in installments as normal payroll over
the 24 months following the date of termination; (ii) the payment of two (2)
times the Executive's average bonus for the prior three (3) calendar years;
(iii) any unpaid portion of the Year-End Bonus for prior calendar years, accrued
and unpaid vacation pay, unreimbursed expenses incurred pursuant to Section 5(a)
or (b) and any other benefits owed to Executive pursuant to any written employee
benefit plan or policy of the Company; (iv) the portion of any restricted stock
or restricted stock unit grant that is free from restrictions as of the date of
termination and the acceleration and immediate release of all restrictions from
all restricted stock or restricted stock unit grants that are subject to
restrictions as of the date of termination; (v) the vested portion of
Executive's stock options and the acceleration and immediate vesting of any
unvested portion of Executive's stock options; and (vi) continued coverage
during the 24 month period following the date of termination under the Company's
employee medical and life insurance plans. In addition, if such termination
occurs within the second anniversary of the date of this Agreement, the
Executive shall receive an additional one and a half (1-1/2) times the
Executive's Base Salary payable in a lump sum upon such termination. Executive
shall have two (2) years from the date of such termination to exercise all
vested stock options.

         (c)      Going Private Transaction. Notwithstanding the foregoing, if
any entity initiates any Rule 13e-3 transaction, as that term is defined in Rule
13e-3 promulgated under the Securities Exchange Act of 1934 (the "Rule 13e-3
Transaction"), and all conditions precedent to the Company's obligation to
consummate the Rule 13e-3 Transaction shall have been satisfied, all unvested
stock options shall vest and all restrictions shall be removed from any
restricted stock grant shares; provided, however, that if the Rule 13e-3
Transaction is not thereafter consummated, the acceleration of stock option
vesting and removal of restricted stock grant restrictions shall be deemed to be
null and void.

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         (d)      Excise Tax. In connection with or arising out of a Change in
Control of the Company, in the event Executive shall be subject to the tax
imposed by Section 4999 of the Code (the "Excise Tax") in respect of any payment
or distribution by the Company or any other person or entity to or for
Executive's benefit (a "Payment"), the Company shall pay to Executive an
additional amount. The additional amount (the "Gross-Up Payment") shall be equal
to the Excise Tax, together with any federal, state and local income tax,
employment tax and any other taxes associated with this payment such that
Executive incurs no out-of-pocket expenses associated with the Excise Tax.
Provided, however, nothing in this Section shall obligate the Company to pay
Executive for any federal, state or local income taxes imposed upon Executive by
virtue of a Payment.

         8.       EXECUTIVE COVENANTS.

         (a)      General. Executive and the Company understand and agree that
the purpose of the provisions of this Section 8 is to protect legitimate
business interests of the Company, as more fully described below, and is not
intended to impair or infringe upon Executive's right to work, earn a living, or
acquire and possess property from the fruits of his labor. Executive hereby
acknowledges that the post-employment restrictions set forth in this Section 8
are reasonable and that they do not, and will not, unduly impair his ability to
earn a living after the termination of employment with the Company. Therefore,
subject to the limitations of reasonableness imposed by law upon restrictions
set forth herein, Executive shall be subject to the restrictions set forth in
this Section 8.

         (b)      Definitions. The following capitalized terms used in this
Section 8 shall have the meanings assigned to them below, which definitions
shall apply to both the singular and the plural forms of such terms:

         "Confidential Information" means any confidential or proprietary
information possessed by the Company, including, without limitation, any
confidential "know-how," customer lists, details of client and consultant
contracts, current and anticipated customer requirements, pricing policies,
price lists, market studies, business plans, operational methods, marketing
plans or strategies, product development techniques or plans, computer software
programs (including object code and source code), data and documentation, data
base technologies, systems, structures and architectures, inventions and ideas,
past, current and planned research and development, compilations, devices,
methods, techniques, processes, financial information and data, business
acquisition plans, new personnel acquisition plans and any other information
that would constitute a trade secret under the common law or statutory law of
the State of Tennessee.

         "Person" means any individual or any corporation, partnership, joint
venture, association or other entity or enterprise.

         "Protected Employees" means employees of the Company or its affiliated
companies who are employed by the Company or its affiliated companies at any
time within six (6) months prior to the date of termination of Executive for any
reason whatsoever or any earlier date (during the Restricted Period) of an
alleged breach of the Restrictive Covenants by Executive.

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         "Restricted Period" means the period of Executive's employment by the
Company plus a period extending one (1) year from the date of termination of
employment; provided, however, the Restricted Period shall be extended for a
period equal to the time during which Executive is in breach of his obligations
to the Company under this Section 8. Notwithstanding any other provision of this
Agreement to the contrary, the Restricted Period for purposes of the
Non-Competition covenant set forth below in Section 8(c)(ii) will extend for one
(1) year from the date of termination of employment only in the event of a
termination of Executive's employment either (i) by the Company pursuant to
Sections 5 (c), or (ii) by the Executive pursuant to Section 5(e).

         "Restrictive Covenants" means the restrictive covenants contained in
Section 8(c) hereof:

         (c)      Restrictive Covenants.

                  (i)      Restriction on Disclosure and Use of Confidential
         Information. Executive understands and agrees that the Confidential
         Information constitutes a valuable asset of the Company and its
         affiliated entities, and may not be converted to Executive's own use or
         converted by Executive for the use of any other Person. Accordingly,
         Executive hereby agrees that Executive shall not, directly or
         indirectly, at any time during the Restricted Period or thereafter,
         reveal, divulge or disclose to any Person not expressly authorized by
         the Company any Confidential Information, and Executive shall not, at
         any time during the Restricted Period or thereafter, directly or
         indirectly, use or make use of any Confidential Information in
         connection with any business activity other than that of the Company.
         The parties acknowledge and agree that this Agreement is not intended
         to, and does not, alter either the Company's rights or Executive's
         obligations under any state or federal statutory or common law
         including, without limitation, any state or federal statutory or common
         law regarding trade secrets and unfair trade practices.

                  (ii)     Non-Competition. Executive shall not, during the
         Restricted Period, directly or indirectly, for himself or on behalf of
         or in conjunction with any other Person: (x) engage, as an officer,
         director, shareholder, owner, partner, joint venturer or in a
         managerial capacity whether as an employee, independent contractor,
         consultant or advisor, or as sales representative, in any noncommercial
         property management, rental or sales business in competition with the
         Company or any subsidiary of the Company, within seventy-five (75)
         miles of the locations in which the Company or any of the Company's
         subsidiaries conduct any noncommercial property management, rental or
         sales business or management business (the "Territory"), or (y) call
         upon any Person which is at that time, or which has been, within one
         (1) year prior to that time, a customer of the Company (including the
         subsidiaries thereof) within the Territory for the purpose of providing
         noncommercial property management, rental or sales services to property
         owners and/or renters in direct competition with the Company or any
         subsidiary of the Company within the Territory. The foregoing shall not
         be deemed to prohibit Executive from acquiring as an investment not
         more than two percent (2%) of the capital stock of a competing business
         whose stock is traded on a national securities exchange or
         over-the-counter.

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                  (iii)    Non-solicitation of Protected Employees. Executive.
         understands and agrees that the relationship between the Company and
         each of its Protected Employees constitutes a valuable asset of the
         Company and may not be converted to Executive's own use or converted by
         Executive for the use of any other Person. Accordingly, Executive
         hereby agrees that during the Employment Period plus a period extending
         an additional twenty-four (24) months from the date of termination of
         employment, Executive shall not directly or indirectly on Executive's
         own behalf or on behalf of any Person solicit any Protected Employee to
         terminate his or her employment with the Company. For purposes of this
         Agreement, the term "solicit" shall expressly exclude Persons
         responding to generic trade journal and periodical advertisements.

                  (iv)     Non-interference with Company Opportunities.
         Executive understands and agrees that all business opportunities with
         which he is involved during his employment with the Company constitute
         valuable assets of the Company and its affiliated entities, and may not
         be converted to Executive's own use or converted by Executive for the
         use of any other Person. Accordingly, Executive hereby agrees that
         during the Restricted Period or thereafter, Executive shall not
         directly or indirectly on Executive's own behalf or on behalf of any
         Person, interfere with, solicit, pursue, or in any way make use of any
         such business opportunities.

                  (v)      Company Property. All records, designs, patents,
         business plans, financial statements, manuals, memoranda, lists and
         other property delivered to or compiled by Executive by or on behalf of
         the Company or its representatives, vendors or customers which pertain
         to the business of the Company shall be and remain in the property of
         the Company and be subject at all times to its discretion and control.
         Likewise, all correspondence, reports, records, charts, advertising
         materials and other similar data pertaining to the business, activities
         or future plans of the Company which is collected by Executive shall be
         delivered promptly to the Company without request by it upon
         termination of Executive's employment.

         (d)      Exceptions from Disclosure Restrictions. Anything herein to
the contrary notwithstanding, Executive shall not be restricted from disclosing
or using Confidential Information that:

                  (i)      is or becomes generally available to the public other
         than as a result of an unauthorized disclosure by Executive or his
         agent;

                  (ii)     becomes available to Executive in a manner that is
         not in contravention of applicable law from a source (other than the
         Company or its affiliated entities or one of its or their officers,
         employees, agents or representatives) that is not known by Executive,
         after reasonable investigation, to be bound by a confidential
         relationship with the Company or its affiliated entities or by a
         confidentiality or other similar agreement; or

                  (iii)    is required to be disclosed by law, court order or
         other legal process; provided, however, that in the event disclosure is
         required by law, court order or legal process, Executive shall provide
         the Company with prompt notice of such requirement

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         so that the Company may seek an appropriate protective order prior to
         any such required disclosure by Executive.

         (e)      Enforcement of the Restrictive Covenants.

                  (i)      Rights and Remedies upon Breach. In the event
         Executive breaches, or threatens to commit a breach of, any of the
         provisions of the Restrictive Covenants, the Company shall have the
         right and remedy to enjoin, preliminarily and permanently, Executive
         from violating or threatening to violate the Restrictive Covenants and
         to have the Restrictive Covenants specifically enforced by any court of
         competent jurisdiction, it being agreed that any breach or threatened
         breach of the Restrictive Covenants would cause irreparable injury to
         the Company and that money damages would not provide an adequate remedy
         to the Company. The rights referred to herein shall be independent of
         any others and severally enforceable, and shall be in addition to, and
         not in lieu of, any other rights and remedies available to the Company
         at law or in equity.

                  (ii)     Severability of Covenant. Executive acknowledges and
         agrees that the Restrictive Covenants are reasonable and valid in all
         respects. If any court determines that any Restrictive Covenant, or any
         part thereof, is invalid or unenforceable, the remainder of the
         Restrictive Covenants shall not thereby be affected and shall be given
         full effect, without regard to the invalid portions.

         9.       COOPERATION IN FUTURE MATTERS. Executive hereby agrees that,
for a period of three (3) years following the date of his termination, he shall
cooperate with the Company's reasonable requests relating to matters that
pertain to Executive's employment by the Company, including, without limitation,
providing information or limited consultation as to such matters, participating
in legal proceedings, investigations or audits on behalf of the Company, or
otherwise making himself reasonably available to the Company for other related
purposes. Any such cooperation shall be performed at times scheduled taking into
consideration Executive's other commitments, and Executive shall be compensated
(except for cooperation in connection with legal proceedings) at a reasonable
hourly or per diem rate to be agreed by the parties to the extent such
cooperation is required on more than an occasional and limited basis. Executive
shall also be reimbursed for all reasonable out of pocket expenses. Executive
shall not be required to perform such cooperation to the extent it conflicts
with any requirements of exclusivity of service for another employer or
otherwise, nor in any manner that in the good faith belief of Executive would
conflict with his rights under or ability to enforce this Agreement or in the
event of a termination by the Company pursuant to Section 5(e) above.

         10.      INDEMNIFICATION. The Company shall indemnify Executive and
hold him harmless from and against any and all costs, expenses, losses, claims,
damages, obligations or liabilities (including actual attorneys' fees and
expenses) arising out of any acts or failures to act by the Company, its
directors, employees or agents, that occurred prior to the Effective Date, or
arising out of or relating to any acts, or omissions to act, made by Executive
on behalf of or in the course of performing services for the Company to the
fullest extent permitted by the Bylaws of the Company, or, if greater, as
permitted by applicable law, as the same shall be in effect from time to time.
If any claim, action, suit or proceeding is brought, or any claim relating
thereto is made, against Executive with respect to which indemnity may be sought
against the Company

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pursuant to this Section, Executive shall notify the Company in writing thereof,
and the Company shall have the right to participate in, and to the extent that
it shall wish, in its discretion, assume and control the defense thereof, with
counsel satisfactory to Executive.

         11.      EXECUTIVE'S REPRESENTATIONS AND WARRANTIES. Executive
represents and warrants that he is free to enter into this Agreement and, as of
the Effective Date, that he is not subject to any conflicting obligation or any
disability which shall prevent or hinder Executive's execution of this Agreement
or the performance of his obligations hereunder; that no lawsuits or claims are
pending or, to Executive's knowledge, threatened against Executive; and that he
has never been subject to bankruptcy, insolvency, or similar proceedings, has
never been convicted of a felony or a crime involving moral turpitude, and has
never been subject to an investigation or proceeding by or before the Securities
and Exchange Commission or any state securities commission. The Company shall
have the authority to conduct an independent investigation into the background
of Executive and Executive agrees to fully cooperate in any such investigation.
The Company shall notify Executive if it intends to conduct such an
investigation.

         12.      NOTICES. Any and all notices or other communications required
or permitted to be given under any of the provisions of this Agreement shall be
in writing and shall be deemed to have been duly given when personally delivered
or mailed by first class registered mail, return receipt requested, or by
commercial courier or delivery service, or by facsimile or electronic mail,
addressed to the parties at the addresses set forth below (or at such other
address as any party may specify by notice to all other parties given as
aforesaid):

         (a)      if to the Company, to:           Gaylord Entertainment Company
                                                   One Gaylord Drive
                                                   Nashville, Tennessee 37214
                                                   Attn:  President
                                                   Facsimile: (615) 316-6000

         (b)      if to Executive, to:             James S. Olin
                                                   112 Sunset Cove
                                                   Niceville, FL  32578

and/or to such other persons and addresses as any party shall have specified in
writing to the other by notice as aforesaid.

         13.      MISCELLANEOUS.

         (a)      Termination of Employment Agreements. In the event that the
Merger Agreement is terminated this Agreement shall also terminate and be of no
further force or effect. The Company and Executive agree that upon the Effective
Date, the Employment Agreement, dated October 6, 2002, between ResortQuest and
Executive, shall terminate and be of no further force or effect.

                                       11

<PAGE>

         (b)      Entire Agreement. This Agreement and the Exhibits hereto
constitute the entire agreement of the parties with respect to the subject
matter hereof and may not be modified, amended, or terminated except by a
written agreement signed by all of the parties hereto. Nothing contained in this
Agreement shall be construed to impose any obligation on the Company to renew
this Agreement and neither the continuation of employment nor any other conduct
shall be deemed to imply a continuing obligation upon the expiration of this
Agreement.

         (c)      Assignment; Binding Effect. This Agreement shall not be
assignable by Executive, but it shall be binding upon, and shall inure to the
benefit of, his heirs, executors, administrators, and legal representatives.
This Agreement shall be binding upon the Company and inure to the benefit of the
Company and its respective successors and permitted assigns. This Agreement may
only be assigned by the Company to an entity controlling, controlled by, or
under common control with the Company; provided, however, that no such
assignment shall relieve the Company of any of its obligations hereunder.

         (d)      Waiver. No waiver of any breach or default hereunder shall be
considered valid unless in writing, and no such waiver shall be deemed a waiver
of any subsequent breach or default of the same or similar nature.

         (e)      Enforceability. Subject to the terms of Section 8(e) hereof,
if any provision of this Agreement shall be held invalid or unenforceable, such
invalidity or unenforceability shall attach only to such provision and shall not
in any manner affect or render invalid or unenforceable any other severable
provision of this Agreement, and this Agreement shall be carried out as if any
such invalid or unenforceable provision were not contained herein, unless the
invalidity or unenforceability of such provision substantially impairs the
benefits of the remaining portions of this Agreement.

         (f)      Headings. The section headings contained herein are for the
purposes of convenience only and are not intended to define or limit the
contents of the sections.

         (g)      Counterparts. This Agreement may be executed in two or more
counterparts, all of which taken together shall be deemed one original.

         (h)      Confidentiality of Agreement. The parties agree that the terms
of this Agreement as they relate to compensation, benefits, and termination
shall, unless otherwise required by law (including, in the Company's reasonable
judgment, as required by federal and state securities laws), be kept
confidential; provided, however, that any party hereto shall be permitted to
disclose this Agreement or the terms hereof with any of its legal, accounting,
or financial advisors provided that such party ensures that the recipient shall
comply with the provisions of this Section 13(h).

         (i)      Governing Law. This Agreement shall be deemed to be a contract
under the laws of the State of Florida and for all purposes shall be construed
and enforced in accordance with the internal laws of said state.

         (j)      No Third Party Beneficiary. This Agreement shall not confer
any rights or remedies upon any person or entity other than the parties hereto
and their respective successors, heirs, executors, administrators, legal
representatives, and permitted assigns.

                                       12

<PAGE>

         IN WITNESS WHEREOF, the parties hereto have caused this Employment
Agreement to be duly executed as of the date first above written.

                                         GAYLORD ENTERTAINMENT COMPANY

                                         By:/s/ Colin V. Reed
                                            ------------------------------------
                                         Name:  Colin V. Reed
                                         Title:  President and Chief Executive
                                                 Officer

                                         EXECUTIVE:

                                         /s/ James S. Olin
                                         ---------------------------------------
                                         James S. Olin

                                       13<PAGE>
                                                                    Exhibit 10.1

                              CITRIX SYSTEMS, INC.

                              AMENDED AND RESTATED
                                 1995 STOCK PLAN

         1. PURPOSE. The purpose of the Citrix Systems, Inc. Amended and
Restated 1995 Stock Plan (the "Plan") is to encourage key employees of Citrix
Systems, Inc. (the "Company") and of any present or future parent or subsidiary
of the Company (collectively, "Related Corporations") and other individuals who
render services to the Company or a Related Corporation, by providing
opportunities to participate in the ownership of the Company and its future
growth through (a) the grant of options which qualify as "incentive stock
options" ("ISOs") under Section 422(b) of the Internal Revenue Code of 1986, as
amended (the "Code"); (b) the grant of options which do not qualify as ISOs
("Non-Qualified Options"); (c) awards of stock in the Company ("Awards"); and
(d) opportunities to make direct purchases of stock in the Company
("Purchases"). Both ISOs and Non-Qualified Options are referred to hereafter
individually as an "Option" and collectively as "Options." Options, Awards and
authorizations to make Purchases are referred to hereafter collectively as
"Stock Rights." As used herein, the terms "parent" and "subsidiary" mean "parent
corporation" and "subsidiary corporation," respectively, as those terms are
defined in Section 424 of the Code.

         2. ADMINISTRATION OF THE PLAN.

                  A. BOARD OR COMMITTEE ADMINISTRATION. The Plan shall be
         administered by the Board of Directors of the Company (the "Board") or
         by a committee appointed by the Board (the "Committee"); provided that
         the Plan shall be administered: (i) to the extent required by
         applicable regulations under Section 162(m) of the Code, by two or more
         "outside directors" (as defined in applicable regulations thereunder)
         and (ii) to the extent required by Rule 16b-3 promulgated under the
         Securities Exchange Act of 1934 or any successor provision ("Rule
         16b-3"), by a disinterested administrator or administrators within the
         meaning of Rule 16b-3. Hereinafter, all references in this Plan to the
         "Committee" shall mean the Board if no Committee has been appointed.
         Subject to ratification of the grant or authorization of each Stock
         Right by the Board (if so required by applicable state law), and
         subject to the terms of the Plan, the Committee shall have the
         authority to (i) determine to whom (from among the class of employees
         eligible under paragraph 3 to receive ISOs) ISOs shall be granted, and
         to whom (from among the class of individuals and entities eligible
         under paragraph 3 to receive Non-Qualified Options and Awards and to
         make Purchases) Non-Qualified Options, Awards and authorizations to
         make Purchases may be granted; (ii) determine the time or times at
         which Options or Awards shall be granted or Purchases made; (iii)
         determine the purchase price of shares subject to each Option or
         Purchase, which prices shall not be less than the minimum price
         specified in paragraph 6; (iv) determine whether each Option granted
         shall be an ISO or a Non-Qualified Option; (v) determine (subject to
         paragraph 7) the time or times when each Option shall become
         exercisable and the duration of the exercise period; (vi) extend the
         period during which outstanding Options may be exercised; (vii)
         determine whether

<PAGE>
                                      -2-

         restrictions such as repurchase options are to be imposed on shares
         subject to Options, Awards and Purchases and the nature of such
         restrictions, if any, and (viii) interpret the Plan and prescribe and
         rescind rules and regulations relating to it. If the Committee
         determines to issue a Non-Qualified Option, it shall take whatever
         actions it deems necessary, under Section 422 of the Code and the
         regulations promulgated thereunder, to ensure that such Option is not
         treated as an ISO. The interpretation and construction by the Committee
         of any provisions of the Plan or of any Stock Right granted under it
         shall be final unless otherwise determined by the Board. The Committee
         may from time to time adopt such rules and regulations for carrying out
         the Plan as it may deem advisable. No member of the Board or the
         Committee shall be liable for any action or determination made in good
         faith with respect to the Plan or any Stock Right granted under it.

                  B. COMMITTEE ACTIONS. The Committee may select one of its
         members as its chairman, and shall hold meetings at such time and
         places as it may determine. A majority of the Committee shall
         constitute a quorum and acts of a majority of the members of the
         Committee at a meeting at which a quorum is present, or acts reduced to
         or approved in writing by all the members of the Committee (if
         consistent with applicable state law), shall be the valid acts of the
         Committee. From time to time the Board may increase the size of the
         Committee and appoint additional members thereof, remove members (with
         or without cause) and appoint new members in substitution therefor,
         fill vacancies however caused, or remove all members of the Committee
         and thereafter directly administer the Plan.

                  C. GRANT OF STOCK RIGHTS TO BOARD MEMBERS. Subject to the
         provisions of the first sentence of paragraph 2(A) above, if
         applicable, Stock Rights may be granted to members of the Board. All
         grants of Stock Rights to members of the Board shall in all other
         respects be made in accordance with the provisions of this Plan
         applicable to other eligible persons. Consistent with the provisions of
         the first sentence of Paragraph 2(A) above, members of the Board who
         either (i) are eligible to receive grants of Stock Rights pursuant to
         the Plan or (ii) have been granted Stock Rights may vote on any matters
         affecting the administration of the Plan or the grant of any Stock
         Rights pursuant to the Plan, except that no such member shall act upon
         the granting to himself or herself of Stock Rights, but any such member
         may be counted in determining the existence of a quorum at any meeting
         of the Board during which action is taken with respect to the granting
         to such member of Stock Rights.

                  D. DELEGATION TO OFFICERS. To the extent permitted by
         applicable law, the Committee may delegate to one or more officers of
         the Company the power to grant Stock Rights and exercise such other
         powers under the Plan as the Committee may determine, provided, that
         the Committee shall fix the maximum number of Stock Rights to be
         granted and the maximum number of shares issuable to any one
         Participant pursuant to Stock Rights granted by such officer(s).

         3. ELIGIBLE EMPLOYEES AND OTHERS. ISOs may be granted only to employees
of the Company or any Related Corporation. Non-Qualified Options, Awards and
authorizations to

<PAGE>
                                      -3-

make Purchases may be granted to any employee, officer or director (whether or
not also an employee) or consultant of the Company or any Related Corporation.
The Committee may take into consideration a recipient's individual circumstances
in determining whether to grant a Stock Right. The granting of any Stock Right
to any individual or entity shall neither entitle that individual or entity to,
nor disqualify such individual or entity from, participation in any other grant
of Stock Rights.

         4. STOCK. The stock subject to Stock Rights shall be authorized but
unissued shares of Common Stock of the Company, par value $0.001 per share (the
"Common Stock"), or shares of Common Stock reacquired by the Company in any
manner. Subject to adjustment as provided in paragraph 13, the aggregate number
of shares which may be issued pursuant to the Plan is 69,945,623 (as adjusted
for stock splits which occurred prior to the amendment and restatement of this
Plan) plus, effective as of January 1, 2001 and each year thereafter, a number
of shares of Common Stock equal to five percent (5%) of the total number of
shares of Common Stock issued and outstanding as of the close of business on
December 31 of the preceding year. If any Stock Right granted under the Plan
shall expire or terminate for any reason without having been exercised in full
or shall cease for any reason to be exercisable in whole or in part or shall be
repurchased by the Company, the shares of Common Stock subject to such Stock
Right shall again be available for grants of Stock Rights under the Plan.
Notwithstanding anything to the contrary in this paragraph 4, no more than an
aggregate of 60,000,000 shares of Common Stock (as adjusted for stock splits
which occurred prior to the amendment and restatement of this Plan) may be
issued pursuant to the exercise of ISOs granted under the Plan (including shares
issued pursuant to the exercise of ISOs granted under the Plan that are the
subject of disqualifying dispositions within the meaning of Sections 421, 422
and 424 of the Code and the regulations thereunder).

         No employee of the Company or any Related Corporation may be granted
Options to acquire, in the aggregate, more than 2,000,000 shares of Common Stock
(as adjusted for stock splits which occurred prior to the amendment and
restatement of this Plan) under the Plan during any fiscal year of the Company.
If any Option granted under the Plan shall expire or terminate for any reason
without having been exercised in full or shall cease for any reason to be
exercisable in whole or in part or shall be repurchased by the Company, the
shares subject to such Option shall be included in the determination of the
aggregate number of shares of Common Stock deemed to have been granted to such
employee under the Plan.

         5. GRANTING OF STOCK RIGHTS. Stock Rights may be granted under the Plan
at any time on or after September 28, 1995 and prior to September 29, 2005. The
date of grant of a Stock Right under the Plan will be the date specified by the
Committee at the time it grants the Stock Right; provided, however, that such
date shall not be prior to the date on which the Committee acts to approve the
grant. Options granted under the Plan are intended to qualify as
performance-based compensation to the extent required under Proposed Treasury
Regulation Section 1.162-27.

<PAGE>
                                      -4-

         6. MINIMUM OPTION PRICE; ISO LIMITATIONS; OTHER LIMITATIONS.

                  A. PRICE FOR NON-QUALIFIED OPTIONS, AWARDS AND PURCHASES. The
         exercise price per share specified in the agreement relating to each
         Non-Qualified Option granted shall not be less than the fair market
         value per share of Common Stock on the date of such grant, PROVIDED
         HOWEVER, that if option is expressly granted in lieu of a reasonable
         amount of salary or cash bonus, the exercise price per share specified
         in the agreement relating to each such Non-Qualified Option may be
         equal to or greater than 85% of the fair market value per share of
         Common Stock on the date of such grant. The purchase price per share of
         stock granted in any Award or authorized as a Purchase, under the Plan
         shall in no event be less than the minimum legal consideration required
         therefor under the laws of any jurisdiction in which the Company or its
         successors in interest may be organized.

                  B. PRICE FOR ISOS. The exercise price per share specified in
         the agreement relating to each ISO granted under the Plan shall not be
         less than the fair market value per share of Common Stock on the date
         of such grant. In the case of an ISO to be granted to an employee
         owning stock possessing more than ten percent (10%) of the total
         combined voting power of all classes of stock of the Company or any
         Related Corporation, the price per share specified in the agreement
         relating to such ISO shall not be less than one hundred ten percent
         (110%) of the fair market value per share of Common Stock on the date
         of grant. For purposes of determining stock ownership under this
         paragraph, the rules of Section 424(d) of the Code shall apply.

                  C. $100,000 ANNUAL LIMITATION ON ISO VESTING. Each eligible
         employee may be granted Options treated as ISOs only to the extent
         that, in the aggregate under this Plan and all incentive stock option
         plans of the Company and any Related Corporation, ISOs do not become
         exercisable for the first time by such employee during any calendar
         year with respect to stock having a fair market value (determined at
         the time the ISOs were granted) in excess of $100,000. The Company
         intends to designate any Options granted in excess of such limitation
         as Non-Qualified Options.

                  D. DETERMINATION OF FAIR MARKET VALUE. If, at the time an
         Option is granted under the Plan, the Company's Common Stock is
         publicly traded, "fair market value" shall be determined as of the date
         of grant or, if the prices or quotes discussed in this sentence are
         unavailable for such date, the last business day for which such prices
         or quotes are available prior to the date of grant and shall mean (i)
         the average (on that date) of the high and low prices of the Common
         Stock on the principal national securities exchange on which the Common
         Stock is traded, if the Common Stock is then traded on a national
         securities exchange; or (ii) the last reported sale price (on that
         date) of the Common Stock on the Nasdaq Stock Market, if the Common
         Stock is not then traded on a national securities exchange; or (iii)
         the closing bid price (or average of bid prices) last quoted (on that
         date) by an established quotation service for over-the-counter
         securities, if the Common Stock is not reported on the Nasdaq Stock
         Market. If the Common Stock is not publicly traded at the time an
         Option is granted under the Plan, "fair market value"

<PAGE>
                                      -5-

         shall mean the fair value of the Common Stock as determined by the
         Committee after taking into consideration all factors which it deems
         appropriate, including, without limitation, recent sale and offer
         prices of the Common Stock in private transactions negotiated at arm's
         length.

                  E. RESTRICTED STOCK LIMITATIONS. Awards of restricted stock
         shall be subject to a vesting schedule of a minimum of three years,
         PROVIDED HOWEVER, that an Award of restricted stock subject to a
         performance based vesting schedule may be subject to a vesting schedule
         of a minimum of one year.

                  F. PROHIBITION ON REPRICING AND REGRANTS. No Option shall be
         repriced, or terminated and subsequently regranted, at a lower purchase
         price per share than the original grant, without the prior affirmative
         vote of a majority of the shares of stock of the Company present at a
         stockholders' meeting in person or by proxy and entitled to vote
         thereon.

         7. OPTION DURATION. Subject to earlier termination as provided in
paragraphs 9 and 10 or in the agreement relating to such Option, each Option
shall expire on the date specified by the Committee, but not more than (i) ten
years from the date of grant in the case of Options generally and (ii) five
years from the date of grant in the case of ISOs granted to an employee owning
stock possessing more than ten percent (10%) of the total combined voting power
of all classes of stock of the Company or any Related Corporation, as determined
under paragraph 6(B). Subject to earlier termination as provided in paragraphs 9
and 10, the term of each ISO shall be the term set forth in the original
instrument granting such ISO, except with respect to any part of such ISO that
is converted into a Non-Qualified Option pursuant to paragraph 16.

         8. EXERCISE OF OPTION. Subject to the provisions of paragraphs 9
through 12, each Option granted under the Plan shall be exercisable as follows:

                  A. VESTING. The Option shall either be fully exercisable on
         the date of grant or shall become exercisable thereafter in such
         installments as the Committee may specify.

                  B. FULL VESTING OF INSTALLMENTS. Once an installment becomes
         exercisable it shall remain exercisable until expiration or termination
         of the Option, unless otherwise specified by the Committee.

                  C. PARTIAL EXERCISE. Each Option or installment may be
         exercised at any time or from time to time, in whole or in part, for up
         to the total number of shares with respect to which it is then
         exercisable.

                  D. ACCELERATION OF VESTING. The Committee shall have the right
         to accelerate the date that any installment of any Option becomes
         exercisable; provided that the Committee shall not, without the consent
         of an optionee, accelerate the permitted exercise date of any
         installment of any Option granted to any employee as an ISO (and

<PAGE>
                                      -6-

         not previously converted into a Non-Qualified Option pursuant to
         paragraph 16) if such acceleration would violate the annual vesting
         limitation contained in Section 422(d) of the Code, as described in
         paragraph 6(C).

         9. TERMINATION OF EMPLOYMENT. Unless otherwise specified in the
agreement relating to such ISO, if an ISO optionee ceases to be employed by the
Company and all Related Corporations other than by reason of death or disability
as defined in paragraph 10, no further installments of his or her ISOs shall
become exercisable, and his or her ISOs shall terminate on the earlier of (a)
ninety (90) days after the date of termination of his or her employment, or (b)
their specified expiration dates, except to the extent that such ISOs (or
unexercised installments thereof) have been converted into Non-Qualified Options
pursuant to paragraph 16. For purposes of this paragraph 9, employment shall be
considered as continuing uninterrupted during any bona fide leave of absence
(such as those attributable to illness, military obligations or governmental
service) provided that the period of such leave does not exceed 90 days or, if
longer, any period during which such optionee's right to reemployment is
guaranteed by statute. A bona fide leave of absence with the written approval of
the Committee shall not be considered an interruption of employment under this
paragraph 9, provided that such written approval contractually obligates the
Company or any Related Corporation to continue the employment of the optionee
after the approved period of absence. ISOs granted under the Plan shall not be
affected by any change of employment within or among the Company and Related
Corporations, so long as the optionee continues to be an employee of the Company
or any Related Corporation. Nothing in the Plan shall be deemed to give any
grantee of any Stock Right the right to be retained in employment or other
service by the Company or any Related Corporation for any period of time.

         10. DEATH; DISABILITY.

                  A. DEATH. If an ISO optionee ceases to be employed by the
         Company and all Related Corporations by reason of his or her death, any
         ISO owned by such optionee may be exercised, to the extent otherwise
         exercisable on the date of death, by the estate, personal
         representative or beneficiary who has acquired the ISO by will or by
         the laws of descent and distribution, until the earlier of (i) the
         specified expiration date of the ISO or (ii) 180 days from the date of
         the optionee's death.

                  B. DISABILITY. If an ISO optionee ceases to be employed by the
         Company and all Related Corporations by reason of his or her
         disability, such optionee shall have the right to exercise any ISO held
         by him or her on the date of termination of employment, for the number
         of shares for which he or she could have exercised it on that date,
         until the earlier of (i) the specified expiration date of the ISO or
         (ii) 180 days from the date of the termination of the optionee's
         employment. For the purposes of the Plan, the term "disability" shall
         mean "permanent and total disability" as defined in Section 22(e)(3) of
         the Code or any successor statute.

         11. ASSIGNABILITY. No Stock Right shall be assignable or transferable
by the grantee except by will, by the laws of descent and distribution or, in
the case of Non-Qualified Options

<PAGE>
                                      -7-

only, pursuant to a valid domestic relations order. Except as set forth in the
previous sentence, during the lifetime of a grantee each Stock Right shall be
exercisable only by such grantee.

         12. TERMS AND CONDITIONS OF OPTIONS. Options shall be evidenced by
instruments (which need not be identical) in such forms as the Committee may
from time to time approve. Such instruments shall conform to the terms and
conditions set forth in paragraphs 6 through 11 hereof and may contain such
other provisions as the Committee deems advisable which are not inconsistent
with the Plan, including restrictions applicable to shares of Common Stock
issuable upon exercise of Options. The Committee may specify that any
Non-Qualified Option shall be subject to the restrictions set forth herein with
respect to ISOs, or to such other termination and cancellation provisions as the
Committee may determine. The Committee may from time to time confer authority
and responsibility on one or more of its own members and/or one or more officers
of the Company to execute and deliver such instruments. The proper officers of
the Company are authorized and directed to take any and all action necessary or
advisable from time to time to carry out the terms of such instruments.

         13. ADJUSTMENTS. Upon the occurrence of any of the following events, an
optionee's rights with respect to Options granted to such optionee hereunder
shall be adjusted as hereinafter provided, unless otherwise specifically
provided in the written agreement between the optionee and the Company relating
to such Option:

                  A. STOCK DIVIDENDS AND STOCK SPLITS. If the shares of Common
         Stock shall be subdivided or combined subsequent to the amendment and
         restatement of this Plan into a greater or smaller number of shares or
         if the Company shall issue any shares of Common Stock as a stock
         dividend on its outstanding Common Stock, the number of shares of
         Common Stock deliverable upon the exercise of Options shall be
         appropriately increased or decreased proportionately, and appropriate
         adjustments shall be made in the purchase price per share to reflect
         such subdivision, combination or stock dividend.

                  B. CONSOLIDATIONS OR MERGERS. If the Company is to be
         consolidated with or acquired by another entity in a merger, sale of
         all or substantially all of the Company's assets or otherwise (an
         "Acquisition"), the Committee or the board of directors of any entity
         assuming the obligations of the Company hereunder (the "Successor
         Board"), shall, as to outstanding Options, either (i) make appropriate
         provision for the continuation of such Options by substituting on an
         equitable basis for the shares then subject to such Options either (a)
         the consideration payable with respect to the outstanding shares of
         Common Stock in connection with the Acquisition, (b) shares of stock of
         the surviving corporation or (c) such other securities as the Successor
         Board deems appropriate, the fair market value of which shall not
         materially exceed the fair market value of the shares of Common Stock
         subject to such Options immediately preceding the Acquisition; or (ii)
         upon written notice to the optionees, provide that all Options must be
         exercised, to the extent then exercisable, within a specified number of
         days of the date of such notice, at the end of which period the Options
         shall terminate; or (iii) terminate all Options in exchange for a cash
         payment equal to the excess of the fair market value of the shares
         subject to such Options (to the extent then exercisable) over the
         exercise price thereof.

<PAGE>
                                      -8-

                  C. RECAPITALIZATION OR REORGANIZATION. In the event of a
         recapitalization or reorganization of the Company (other than a
         transaction described in subparagraph B above) pursuant to which
         securities of the Company or of another corporation are issued with
         respect to the outstanding shares of Common Stock, an optionee upon
         exercising an Option shall be entitled to receive for the purchase
         price paid upon such exercise the securities he or she would have
         received if he or she had exercised such Option prior to such
         recapitalization or reorganization.

                  D. MODIFICATION OF ISOS. Notwithstanding the foregoing, any
         adjustments made pursuant to subparagraphs A, B or C with respect to
         ISOs shall be made only after the Committee, after consulting with
         counsel for the Company, determines whether such adjustments would
         constitute a "modification" of such ISOs (as that term is defined in
         Section 424 of the Code) or would cause any adverse tax consequences
         for the holders of such ISOs. If the Committee determines that such
         adjustments made with respect to ISOs would constitute a modification
         of such ISOs or would cause adverse tax consequences to the holders, it
         may refrain from making such adjustments.

                  E. DISSOLUTION OR LIQUIDATION. In the event of the proposed
         dissolution or liquidation of the Company, each Option will terminate
         immediately prior to the consummation of such proposed action or at
         such other time and subject to such other conditions as shall be
         determined by the Committee.

                  F. ISSUANCES OF SECURITIES. Except as expressly provided
         herein, no issuance by the Company of shares of stock of any class, or
         securities convertible into shares of stock of any class, shall affect,
         and no adjustment by reason thereof shall be made with respect to, the
         number or price of shares subject to Options. No adjustments shall be
         made for dividends paid in cash or in property other than securities of
         the Company.

                  G. FRACTIONAL SHARES. No fractional shares shall be issued
         under the Plan and the optionee shall receive from the Company cash in
         lieu of such fractional shares.

                  H. ADJUSTMENTS. Upon the happening of any of the events
         described in subparagraphs A, B or C above, the class and aggregate
         number of shares set forth in paragraph 4 hereof that are subject to
         Stock Rights which previously have been or subsequently may be granted
         under the Plan shall also be appropriately adjusted to reflect the
         events described in such subparagraphs. The Committee or the Successor
         Board shall determine the specific adjustments to be made under this
         paragraph 13 and, subject to paragraph 2, its determination shall be
         conclusive.

         14. MEANS OF EXERCISING OPTIONS. An Option (or any part or installment
thereof) shall be exercised by giving written notice to the Company at its
principal office address, or to such transfer agent as the Company shall
designate. Such notice shall identify the Option being exercised and specify the
number of shares as to which such Option is being exercised, accompanied by full
payment of the purchase price therefor either (a) in United States dollars in

<PAGE>
                                      -9-

cash or by check, (b) at the discretion of the Committee, through delivery of
shares of Common Stock having a fair market value equal as of the date of the
exercise to the cash exercise price of the Option, (c) at the discretion of the
Committee, by delivery of the grantee's personal recourse note bearing interest
payable not less than annually at no less than 100% of the lowest applicable
Federal rate, as defined in Section 1274(d) of the Code, (d) at the discretion
of the Committee and consistent with applicable law, through the delivery of an
assignment to the Company of a sufficient amount of the proceeds from the sale
of the Common Stock acquired upon exercise of the Option and an authorization to
the broker or selling agent to pay that amount to the Company, which sale shall
be at the participant's direction at the time of exercise, or (e) at the
discretion of the Committee, by any combination of (a), (b), (c) and (d) above.
If the Committee exercises its discretion to permit payment of the exercise
price of an ISO by means of the methods set forth in clauses (b), (c), (d) or
(e) of the preceding sentence, such discretion shall be exercised in writing at
the time of the grant of the ISO in question. The holder of an Option shall not
have the rights of a shareholder with respect to the shares covered by such
Option until the date of issuance of a stock certificate to such holder for such
shares. Except as expressly provided above in paragraph 13 with respect to
changes in capitalization and stock dividends, no adjustment shall be made for
dividends or similar rights for which the record date is before the date such
stock certificate is issued.

         15. TERM AND AMENDMENT OF PLAN. This Plan was adopted by the Board on
September 28, 1995, subject, with respect to the validation of ISOs granted
under the Plan, to approval of the Plan by the stockholders of the Company at
the next Meeting of Stockholders or, in lieu thereof, by written consent. If the
approval of stockholders is not obtained prior to September 28, 1996, any grants
of ISOs under the Plan made prior to that date will be rescinded. The Plan shall
expire at the end of the day on September 27, 2005 (except as to Options
outstanding on that date). Subject to the provisions of paragraph 5 above,
Options may be granted under the Plan prior to the date of stockholder approval
of the Plan. The Board may terminate or amend the Plan in any respect at any
time, except that, without the approval of the stockholders obtained within 12
months before or after the Board adopts a resolution authorizing any of the
following actions: (a) the total number of shares that may be issued under the
Plan may not be increased (except by adjustment pursuant to paragraph 13); (b)
the benefits accruing to participants under the Plan may not be materially
increased; (c) the requirements as to eligibility for participation in the Plan
may not be materially modified; (d) the provisions of paragraph 3 regarding
eligibility for grants of ISOs may not be modified; (e) the provisions of
paragraph 6(B) regarding the exercise price at which shares may be offered
pursuant to ISOs may not be modified (except by adjustment pursuant to paragraph
13); (f) the expiration date of the Plan may not be extended; (g) the Board may
not take any action which would cause the Plan to fail to comply with Rule
16b-3, and (h) the provisions of paragraph 6(F) regarding the prohibition on
repricing and regrant of Options may not be modified. Except as otherwise
provided in this paragraph 15, in no event may action of the Board or
stockholders alter or impair the rights of a grantee, without such grantee's
consent, under any Option previously granted to such grantee.

         16. CONVERSION OF ISOS INTO NON-QUALIFIED OPTIONS. The Committee, at
the written request or with the written consent of any optionee, may in its
discretion take such

<PAGE>
                                      -10-

actions as may be necessary to convert such optionee's ISOs (or any installments
or portions of installments thereof) that have not been exercised on the date of
conversion into Non-Qualified Options at any time prior to the expiration of
such ISOs, regardless of whether the optionee is an employee of the Company or a
Related Corporation at the time of such conversion. Such actions may include,
but shall not be limited to, extending the exercise period or reducing the
exercise price of the appropriate installments of such ISOs. At the time of such
conversion, the Committee (with the consent of the optionee) may impose such
conditions on the exercise of the resulting Non-Qualified Options as the
Committee in its discretion may determine, provided that such conditions shall
not be inconsistent with this Plan. Nothing in the Plan shall be deemed to give
any optionee the right to have such optionee's ISOs converted into Non-Qualified
Options, and no such conversion shall occur until and unless the Committee takes
appropriate action.

         17. APPLICATION OF FUNDS. The proceeds received by the Company from the
sale of shares pursuant to Options granted and Purchases authorized under the
Plan shall be used for general corporate purposes.

         18. NOTICE TO COMPANY OF DISQUALIFYING DISPOSITION. By accepting an ISO
granted under the Plan, each optionee agrees to notify the Company in writing
immediately after such optionee makes a Disqualifying Disposition (as described
in Sections 421, 422 and 424 of the Code and regulations thereunder) of any
stock acquired pursuant to the exercise of ISOs granted under the Plan. A
Disqualifying Disposition is generally any disposition occurring on or before
the later of (a) the date two years following the date the ISO was granted or
(b) the date one year following the date the ISO was exercised.

         19. WITHHOLDING OF ADDITIONAL INCOME TAXES. Upon the exercise of a
Non-Qualified Option, the grant of an Award, the making of a Purchase of Common
Stock for less than its fair market value, the making of a Disqualifying
Disposition (as defined in paragraph 18), the vesting or transfer of restricted
stock or securities acquired on the exercise of an Option hereunder, or the
making of a distribution or other payment with respect to such stock or
securities, the Company may withhold taxes in respect of amounts that constitute
compensation includable in gross income. The Committee in its discretion may
condition (i) the exercise of an Option, (ii) the grant of an Award, (iii) the
making of a Purchase of Common Stock for less than its fair market value, or
(iv) the vesting or transferability of restricted stock or securities acquired
by exercising an Option, on the grantee's making satisfactory arrangement for
such withholding. Such arrangement may include payment by the grantee in cash or
by check of the amount of the withholding taxes or, at the discretion of the
Committee, by the grantee's delivery of previously held shares of Common Stock
or the withholding from the shares of Common Stock otherwise deliverable upon
exercise of a Option shares having an aggregate fair market value equal to the
amount of such withholding taxes.

         20. GOVERNMENTAL REGULATION. The Company's obligation to sell and
deliver shares of the Common Stock under this Plan is subject to the approval of
any governmental authority required in connection with the authorization,
issuance or sale of such shares.

<PAGE>
                                      -11-

         Government regulations may impose reporting or other obligations on the
Company with respect to the Plan. For example, the Company may be required to
send tax information statements to employees and former employees that exercise
ISOs under the Plan, and the Company may be required to file tax information
returns reporting the income received by grantees of Options in connection with
the Plan.

         21. GOVERNING LAW. The validity and construction of the Plan and the
instruments evidencing Options shall be governed by the laws of the State of
Delaware, or the laws of any jurisdiction in which the Company or its successors
in interest may be organized.

Date Approved by the Board of Directors of the Company:  September 28, 1995
Date Approved by Stockholders of the Company:  October 16, 1995

Date Amendment and Restatement Approved by the Board of Directors
         of the Company:  March 10, 2000
Date Amendment and Restatement Approved by the Stockholders
         of the Company:  May 18, 2000

Date (Second) Amendment and Restatement Approved by the Board of Directors
         of the Company:  July 27, 2000
No Stockholder approval required

Date (Third) Amendment and Restatement Approved by the Board of Directors
         of the Company:  January 25, 2001
No Stockholder approval required

Date (Fourth) Amendment and Restatement Approved by the Board of Directors
         of the Company:  November 11, 2003
No Stockholder approval required

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