Document:

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                                                                    Exhibit 10.2

                              AU BON PAIN CO.,INC.
              FORMULA STOCK OPTION PLAN FOR INDEPENDENT DIRECTORS

SECTION 1. PURPOSE

     The Purpose of the Au Bon Pain Co., Inc. Formula Stock Option Plan For
Independent Directors (the "Independent Directors' Plan") is to promote the
interests of Au Bon Pain Co., Inc. (the "Corporation") and its stockholders by
attracting and retaining independent directors of the Corporation, giving such
individuals an opportunity to acquire proprietary interest in the Corporation,
and creating an increased personal interest in the continued success and
progress of the Corporation and its subsidiaries. As used in this Independent
Directors' Plan, the term "Independent Director" means a director of the
Corporation who is not an officer or employee of the Corporation or any of its
subsidiaries, or is not, directly or indirectly, together with members of his or
her "immediate family" (as that term is defined in Rule 16a-1(e promulgated
under the Securities Exchange Act of 1934 (the "Exchange Act")), the beneficial
owner of five percent (5%) or more of the Corporation's Class A Common Stock
(the "Class A Common Stock"), including "derivative securities", as that term is
defined in Rule 16a-1(c) promulgated under the Exchange Act, related to the
Corporation's Class A Common Stock. The term "Independent Director" shall not
include any director of the Corporation who in writing excludes himself or
herself from participation in the Independent Directors' Plan.

SECTION 2. NON-STATUTORY OPTIONS

     It is intended that options to purchase shares of Class A Common Stock
granted under the Independent Directors' Plan shall be non-qualified or
non-statutory options, and not incentive stock options within the meaning of
Section 422 of the Internal Revenue Code of 1986, as amended. Non-statutory
options granted under the Independent Directors' Plan are hereinafter referred
to as "Options." Shares of Class A Common Stock issued upon the exercise of
options granted hereunder may be authorized but unissued shares, or shares held
in the Corporation's treasury.

SECTION 3. ADMINISTRATION OF THE DIRECTORS' PLAN

     The Independent Directors' Plan shall be administered by the Compensation
and Stock Option Committee (the "Committee") of the Corporation's Board of
Directors (the "Board"). The role of the Committee shall be limited to
ministerial, non-discretionary matters.

SECTION 4. GRANTING OF OPTIONS

     Options shall be granted under the Independent Directors' Plan as follows:

     4.1   Subject to approval by the Corporation's shareholders of the
adoption of the Independent Directors' Plan, on the effective date of the
Independent Directors' Plan, an Option to purchase ten thousand (10,000) shares
of Class A Common Stock shall be granted to each Independent Director; and
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                                      -2-

     4.2  Thereafter, on the date that a person is first elected an Independent
Director, whether by the shareholders of the Corporation or by the Board, an
option to purchase five thousand (5,000) shares of Class A Common Stock shall be
granted to the Independent Director; and

     4.3  Thereafter, there shall be granted an option to purchase five thousand
(5,000) shares of Class A Common Stock to each Independent Director who is
serving as such on the last day of each fiscal year of the Corporation
commencing with the fiscal year which includes the effective date of the
Independent Directors' Plan.

          Sections 4.1, 4.2 and 4.3 above may not be amended more than once
every six (6) months other than to comport with changes in the Internal Revenue
Code or ERISA.

          The number of shares for which Options shall be granted under this
Section 4 shall be subject to adjustment as provided in Section 10.

          The total number of shares of Class A Common Stock for which Options
may be granted under the Independent Directors' Plan is 150,000, subject to an
adjustment as provided in Section 10. If an option granted under the Independent
Directors' Plan shall expire or terminate for any reason without having been
exercised in full, the unpurchased shares subject to the Option shall (unless
the Independent Directors' Plan shall terminate) become available for the grant
of other Options under the Independent Directors' Plan. Unless the Independent
Directors' Plan shall be terminated sooner pursuant to Section 12 hereof, the
Independent Directors' Plan shall terminate ten (10) years from the date on
which it is adopted by the Board, an no Option shall be granted under the
Independent Directors' Plan thereafter, but Options theretofore granted may
extend beyond that date in accordance with their respective terms and the terms
of the Independent Directors' Plan.

SECTION 5. TERMS OF OPTIONS

     Options granted under the Independent Directors' Plan shall be fully vested
when granted. No Option may be exercised after ten (10) years from the date the
Option is granted, and Options shall be subject to earlier termination as
hereinafter provided.

     The purchase price of a share of Class A Common Stock covered by the
Options granted under Section 4.1 shall equal the closing price of a share of
Class A Common Stock as reported by the NASDAQ/National Market System on the
trading day immediately preceding the grant date. The immediately preceding
sentence may not be amended more than once every six (6) months other than to
comport with changes in the Internal Revenue Code or ERISA. Such price shall be
subject to adjustment as provided in Section 10 hereof. The purchase price of
any shares as to which an Option shall be exercised shall be paid in full in
cash or by bank or certified check at the time of the exercise. Each Option
granted hereunder shall be evidenced by an option agreement, in such form not
inconsistent with the Independent Directors' Plan as the Committee shall approve
from time to time.
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                                      -3-

SECTION 6.  NON-TRANSFERABILITY

     All Options granted under the Independent Directors' Plan shall not, by
their terms, be transferable otherwise than by will or by the laws of descent
and distribution, and shall be exercisable, during the lifetime of the optionee,
only by the optionee.

SECTION 7.  WITHHOLDING

     The Corporation shall have the right, in connection with the exercise of
any Option, to deduct from the amount of any payment or other compensation
payable to the optionee, taxes required by law to be withheld from such payment
or other compensation payable to the optionee or to require the recipient to pay
the Corporation an amount sufficient to provide for any such taxes so required
to be withheld by law.

SECTION 8.  TERMINATION OF SERVICE AS A DIRECTOR

     In the event an optionee's service as a Director shall terminate for any
reason, any Option granted under the Independent Directors' Plan may be
exercised by the optionee, to the extent the optionee was entitled to do so at
the date of termination of service as a Director ("Termination Date"), within
[TWENTY-FOUR (24) MONTHS] after such Termination Date; provided, however, that
in no event may an Option be exercised after ten (10) years from the date the
Option is granted or after [TWENTY-FOUR (24) MONTHS] from the Termination Date,
whichever date is sooner.

     The foregoing notwithstanding, in the event that an optionee's Termination
Date is prior to the approval of the Independent Directors' Plan by the
shareholders and the Independent Directors' Plan is subsequently approved by the
shareholders, the Option(s) that would have been exercisable on the Termination
Date had the Independent Directors' Plan been approved shall be exercisable by
the optionee for the balance of the [TWENTY-FOUR (24) MONTH] period described
above.

     Nothing in the Independent Directors' Plan or in any agreement evidencing
an Option granted pursuant to the Independent Directors' Plan shall confer upon
any person any right to continue in the service of the Corporation as a Director
or interfere in any way with the rights of the Corporation or its stockholders
to terminate the service of a Director at any time.

SECTION 9.  DEATH OF DIRECTOR

     If an optionee shall die while serving as a Director or within the period
after termination of service as a Director during which the optionee is
permitted to exercise an Option granted under the Independent Directors' Plan,
then the Option may be exercised by a legatee or legatees of the optionee under
his or her last will, or by his or her personal representatives or distributees,
to the extent the optionee was entitled to do so at his or her date of death, at
any time within [ONE (1) YEAR] after the death of the optionee, at the end of
which period the Option shall terminate; provided, however, that in no event may
an Option be exercised after the expiration of ten (10) years from the date that
the Option is granted.
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SECTION 10.  ADJUSTMENTS UPON CHANGES IN CAPITALIZATION

     In the event of recapitalization, stock split, stock dividend, combination
or exchange of shares, merger, consolidation, reorganization or liquidation, or
any other change in the corporate structure or shares of the Corporation, the
number and kind of shares for which Options may be granted under the
Independent Directors' Plan and, with respect to outstanding Options granted
under the Independent Directors' Plan, the number and kind of shares covered by
outstanding Option and the exercise price shall be equitably adjusted by the
Committee to prevent enlargement or diminution of the rights of optionees and,
to the extent possible consistent with the foregoing, in the same manner so
provided in non-statutory options outstanding under the Corporation's 1992
Equity Incentive Plan. The number and kind of shares for which Options shall be
granted pursuant to Section 4 shall also be adjusted using similar equitable
principles, in the event of one or more of the changes or occurrences
enumerated in the preceding sentence.

SECTION 11.  LISTING AND REGISTRATION OR SHARES

     If at any time the Board shall determine, in its discretion, that the
listing, registration or qualification of any of the shares subject to Options
granted under the Independent Directors' Plan upon any securities exchange or
under any state or federal law, or the consent or approval of any governmental
regulatory body, is necessary or desirable as a condition of or in connection
with the purchase or issue of shares upon the exercise of Options, then no
outstanding Options may be exercised in full or in part unless such listing,
registration, qualification, consent or approval shall have been effected or
obtained free of any conditions not acceptable to the Board. The Board may
require any person exercising an Option granted under the Independent Directors'
Plan to make such representations and furnish such information as the Board may
consider appropriate in connection with the issuance or delivery of any shares
in order to comply with applicable law and shall have the authority to cause the
Corporation at its expense to take any action related to the Independent
Directors' Plan which may be required in connection with such listing,
registration, qualification, consent, or approval.

SECTION 12.  AMENDMENT AND TERMINATION OF THE DIRECTORS' PLAN

     The Board may at any time make such modifications of the Independent
Directors' Plan as it shall deem advisable. The Board may terminate the
Independent Directors' Plan at any time; provided, however, that any such
termination shall not affect outstanding Options granted under the Independent
Directors' Plan.

SECTION 13.  EFFECTIVE DATE OF DIRECTORS' PLAN

     The Independent Directors' Plan shall become effective on January 27,
1994, subject to approval by the Corporation's shareholders. No Options granted
prior to approval by the Corporation's shareholders shall be exercisable until
such approval shall have been obtained.<PAGE>
                                                                    Exhibit 10.3

                             AU BON PAIN CO., INC.

                           1992 EQUITY INCENTIVE PLAN

Section 1.     Purpose

     The purpose of the Au Bon Pain Co., Inc., 1992 Equity Incentive Plan (the
"Plan") is to attract and retain key employees and consultants, to provide an
incentive for them and other persons having a business relationship with the
Company to assist the Company achieve long-range performance goals, and to
enable them to participate in the long-term growth of the Company.

Section 2.     Definitions

     "Affiliate" means any business entity in which the Company owns directly or
indirectly 50% or more of the total combined voting power or has a significant
financial interest as determined by the Committee.

     "Award" means any Option, Stock Appreciation Right, Performance Share,
Restricted Stock or Stock Unit awarded under the Plan.

     "Board" means the Board of Directors of the Company.

     "Code" means the Internal Revenue Code of 1986, as amended from time to
time.

     "Committee" means a committee of not less than two members of the Board
appointed by the Board to administer the Plan, each of whom is a "disinterested
person" within the meaning of Rule 16b-3 under the Securities Exchange Act of
1934 or any successor provision. In the absence of appointment of another
Committee by the Board, the Compensation and Stock Option Committee of the Board
shall be the Committee.

     "Common Stock" or "Stock" means the Class A Common Stock, $.001 par value,
of the Company.

     "Company" means Au Bon Pain Co., Inc.

     "Designated Beneficiary" means the beneficiary designated by a
Participant, in a manner determined by the Committee, to receive amounts due or
exercise rights of the Participant in the event of the Participant's death. In
the absence of an effective designation by a Participant, Designated Beneficiary
shall mean the Participant's estate.

     "Fair Market Value" means, with respect to Common Stock or any other
property, the fair market value of such property as

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determined by the Committee in good faith or in the manner established by the
Committee from time to time.

     "Incentive Stock Option" means an option to purchase shares of Common
Stock awarded to a Participant under Section 6 which is intended to meet the
requirements of Section 422 of the Code or any successor provision.

     "Nonstatutory Stock Option" means an option to purchase shares of Common
Stock awarded to a Participant under Section 6 which is intended not to be an
Incentive Stock Option.

     "Option" means an Incentive Stock Option or a Nonstatutory Stock Option.

     "Participant" means a person selected by the Committee to receive an Award
under the Plan.

     "Performance Cycle" or "Cycle" means the period of time selected by the
Committee during which performance is measured for purpose of determining the
extent to which an award of Performance Shares has been earned.

     "Performance Shares" mean shares of Common Stock which may be earned by
the achievement of performance goals awarded to a Participant under Section 8.

     "Reporting Person" means a person subject to Section 16 of the Securities
Exchange Act of 1934 or any successor provision.

     "Restricted Period" means the period of time selected by the Committee
during which an award of Restricted Stock may be forfeited to the Company.

     "Restricted Stock" means shares of Common Stock subject to forfeiture
awarded to a Participant under Section 9.

     "Stock Appreciation Right" or "SAR" means a right to receive any excess in
value of shares of Common Stock over the exercise price awarded to a
Participant under Section 7.

     "Stock Unit" means an award of Common Stock or units that are valued in
whole or in part by reference to, or otherwise based on, the value of Common
Stock, awarded to a Participant under Section 10.

     Section 3.     Administration.

     The Plan shall be administrated by the Committee. The Committee shall have
authority to adopt, alter and repeal such administrative rules, guidelines and
practices governing the operation of the Plan as it shall from time to time
consider advisable, and to interpret the provisions of the Plan. The
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                                      -3-

Committee's decisions shall be final and binding. To the extent permitted by
applicable law, the Committee may delegate to one or more executive officers of
the Company the power to make Awards to Participants who are not Reporting
Persons and all determinations under the Plan with respect thereto, provided
that the Committee shall fix the maximum amount of such Awards for the
Participants who are not Reporting Persons and a maximum for any one
Participant.

Section 4.     ELIGIBILITY

     All employees and consultants of, and other persons having a business
relationship with, the Company or any Affiliate capable of contributing
significantly to the successful performance of the Company, other than a person
who has irrevocably elected not to be eligible, are eligible to be Participants
in the Plan. There is specifically excluded from the group of persons eligible
to be Participants in the Plan any and all members of the Board who are not
employees of the Company or any Affiliate. Incentive Stock Options may be
awarded only to persons eligible to receive such Options under the Code.

Section 5.     STOCK AVAILABLE FOR AWARDS

     (a)  Subject to adjustment under subsection (b), Awards may be made under
the Plan for up to 4,300,000 shares of Common Stock, including all shares of
Common Stock issuable upon the exercise of all currently outstanding options
granted by the Company under its Non-Qualified Incentive Stock Option Plan For
Employees and predecessor incentive stock option plan (the "Old Plan"). If any
Award in respect of shares of Common Stock or any currently outstanding option
granted by the Company under the Old Plan expires or its terminated unexercised
or is forfeited for any reason or settled in a manner that results in fewer
shares outstanding than were initially awarded, including without limitation,
the surrender of shares in payment for the Award or such option, or any tax
obligation thereon, the shares subject to such Award or such option, or so
surrendered, as the case may be, to the extent of such expiration,
termination, forfeiture or decrease, shall be available for award under the
Plan. Common Stock issued through the assumption or substitution of outstanding
grants from an acquired company shall not reduce the shares available for
Awards under the Plan. Shares issued under the Plan may consist in whole or in
part of authorized but unissued shares or treasury shares.

     (b)  In the event that the Committee determines that any stock dividend,
extraordinary cash dividend, creation of a class of equity securities,
recapitalization, reorganization, merger, consolidation, split-up, spin-off,
combination, exchange of shares, warrants or rights offering to purchase Common
Stock at a price substantially below fair market value,

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                                      -4-

or other similar transaction affects the Common Stock such that an adjustment is
required in order to preserve the benefits or potential benefits intended to be
made available under the Plan, then the Committee, subject, in the case of
Incentive Stock Options, to any limitation required under the Code, shall
equitably adjust any or all of (i) the number and kind of shares in respect of
which Awards may be made under the Plan, (ii) the number and kind of shares
subject to outstanding Awards, and (iii) the award, exercise or conversion price
with respect to any of the foregoing, and if considered appropriate, the
Committee may make provision for a cash payment with respect to an outstanding
Award, provided that the number of shares subject to any Award shall always be a
whole number.

Section 6. Stock Options

     (a) Subject to the provisions of the Plan, the Committee may award
Incentive Stock Options and Nonstatutory Stock Options and determine the number
of shares to be covered by each Option, the option price therefor and the
conditions and limitations applicable to the exercise of the Option. The terms
and conditions of Incentive Stock Options shall be subject to, and comply with,
Section 422 of the Code or any successor provision, and any regulations
thereunder.

     (b) The Committee shall establish the option price at the time each Option
is awarded, which price shall not be less than 100% of the Fair Market Value of
the Common Stock on the date of award with respect to Incentive Stock Options
and not less than 50% of the Fair Market Value of the Common Stock on the date
of award with respect to Nonstatutory Stock Options.

     (c) Each Option shall be exercisable at such times and subject to such
terms and conditions as the Committee may specify in the applicable Award or
thereafter. The Committee may impose such conditions with respect to the
exercise of Options, including conditions relating to applicable federal or
state securities laws, as it considers necessary or advisable.

     (d) No shares shall be delivered pursuant to any exercise of an Option
until payment in full of the option price therefor is received by the Company.
Such payment may be made in whole or in part in cash or, to the extent permitted
by the Committee at or after the award of the  Option, by delivery of a note or
shares of Common Stock owned by the optionee, including Restricted Stock, valued
at their Fair Market Value on the date of delivery, or such other lawful
consideration as the Committee may determine.

     (e) The Committee may provide for the automatic award of an Option upon the
delivery of shares to the Company
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in payment of an Option for up to the number of shares so delivered.

Section 7.  Stock Appreciation Rights

     (a)  Subject to the provisions of the Plan, the Committee may award SARs
in tandem with an Option (at or after the award of the Option), or alone and
unrelated to an Option. SARs in tandem with an Option shall terminate to the
extent that the related Option is exercised, and the related Option shall
terminate to the extent that the tandem SARs are exercised. SARs shall have an
exercise price of not less than 50% of the Fair Market Value of the Common
Stock on the date of award, or in the case of SARs in tandem with Options, the
exercise price of the related Option.

     (b)  An SAR related to an Option which can only be exercised during
limited periods following a change in control of the Company, may entitle the
Participant to receive an amount based upon the highest price paid or offered
for Common Stock in any transaction relating to the change in control or paid
during the thirty-day period immediately preceding the occurrence of the change
in control in any transaction reported in the stock market in which the Common
Stock is normally traded.

Section 8.  Performance Shares

     (a)  Subject to the provisions of the Plan, the Committee may award
Performance Shares and determine the number of such shares for each Performance
Cycle and the duration of each Performance Cycle. There may be more than one
Performance Cycle in existence at any one time, and the duration of Performance
Cycles may differ from each other. The payment value of Performance Shares
shall be equal to the Fair Market Value of the Common Stock on the date the
Performance Shares are earned or, in the discretion of the Committee, on the
date the Committee determines that the Performance Shares have been earned.

     (b)  The Committee shall establish performance goals for each Cycle, for
the purpose of determining the extent to which Performance Shares awarded for
such Cycle are earned, on the basis of such criteria and to accomplish such
objectives as the Committee may from time to time select. During any Cycle, the
Committee may adjust the performance goals for such Cycle as it deems equitable
in recognition of unusual or non-recurring events affecting the Company,
changes in applicable tax laws or accounting principles, or such other factors
as the Committee may determine.

     (c)  As soon as practicable after the end of a Performance Cycle, the
Committee shall determine the number of Performance Shares which have been
earned on the basis of
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                                      -6-

performance in relation to the established performance goals. The payment
values of earned Performance Shares shall be distributed to the Participant or,
if the Participant has died, to the Participant's Designated Beneficiary, as
soon as practicable thereafter. The Committee shall determine, at or after the
time of award, whether payment values will be settled in whole or in part in
cash or other property, including Common Stock or Awards.

Section 9.  RESTRICTED STOCK

     (a)  Subject to the provisions of the Plan, the Committee may award shares
of Restricted Stock and determine the duration of the Restricted Period during
which, and the conditions under which, the shares may be forfeited to the
Company and the other terms and conditions of such Awards. Shares of Restricted
Stock shall be issued for no cash consideration or such minimum consideration
as may be required by applicable law.

     (b)  Shares of Restricted Stock may not be sold, assigned, transferred,
pledged or otherwise encumbered, except as permitted by the Committee, during
the Restricted Period. Shares of Restricted Stock shall be evidenced in such
manner as the Committee may determine. Any certificates issued in respect of
shares of Restricted Stock shall be registered in the name of the Participant
and unless otherwise determined by the Committee, deposited by the Participant,
together with a stock power endorsed in blank, with the Company. At the
expiration of the Restricted Period, the Company shall deliver such
certificates to the Participant or if the Participant has died, to the
Participant's Designated Beneficiary.

Section 10.  STOCK UNITS

     (a)  Subject to the provisions of the Plan, the Committee may award Stock
Units subject to such terms, restrictions, conditions, performance criteria,
vesting requirements and payment rules as the Committee shall determine.

     (b)  Shares of Common Stock awarded in connection with a Stock Unit Award
shall be issued for no cash consideration or such minimum consideration as may
be required by applicable law.

Section 11.  GENERAL PROVISIONS APPLICABLE TO AWARDS

     (a)  REPORTING PERSON LIMITATIONS. Any provision of the Plan to the
contrary notwithstanding, to the extent required to qualify for the exemption
provided by Rule 16b-3 under the Securities Exchange Act of 1934 and any
successor provision, (i) any "equity security" (as that term is used in said
Rule 16b-3) granted under the Plan to a Reporting Person
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                                      -7-

must be held for at least six months from the date of grant or, in the case of
a "derivative security, (as that term is defined in said Rule 16b-3), at least
six months elapse from the date of acquisition of the derivative security to
the date of disposition of its underlying equity security and (ii) any
derivative security issued under the Plan to a Reporting Person shall not be
transferable other than by will, by the laws of descent and distribution or
pursuant to a "qualified domestic relations order" (as the term is used in said
Rule 16b-3).

     (b)  Documentation. Each Award under the Plan shall be evidenced by a
writing delivered to the Participant specifying the terms and conditions
thereof and containing such other terms and conditions not inconsistent with
the provisions of the Plan as the Committee considers necessary or advisable to
achieve the purposes of the Plan or comply with applicable tax and regulatory
laws and accounting principles.

     (c)  Committee Discretion. Each type of Award may be made alone, in
addition to, or in relation to any other type of Award. The terms of each type
of Award need not be identical, and the Committee need not treat Participants
uniformly. Except as otherwise provided by the Plan or a particular Award, any
determination with respect to an Award may be made by the Committee at the time
of award or at any time thereafter.

     (d)  Settlement. The Committee shall determine whether Awards are settled
in whole or in part in cash, Common Stock, other securities of the Company,
Awards or other property. The Committee may permit a Participant to defer all
or any portion of a payment under the Plan, including the crediting of interest
on deferred amounts denominated in cash and dividend equivalents on amounts
denominated in Common Stock.

     (e)  Dividends and Cash Awards. In the discretion of the Committee, any
Award under the Plan may provide the Participant with (i) dividends or dividend
equivalents payable currently or deferred with or without interest, and (ii)
cash payments in lieu of or in addition to An Award.

     (f)  Termination of Employment. The Committee shall determine the effect
on an Award of the disability, death, retirement or other termination of
employment of a Participant and the extent to which, and the period during
which, the Participant's legal representative, guardian or Designated
Beneficiary may receive payment of an Award or exercise rights thereunder.

     (g)  Change in Control. In order to preserve a Participant's rights under
an Award in the event of a change in control of the Company, the Committee in
its discretion
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                                     - 8 -

may, at the time an Award is made or at any time thereafter, take one or more
of the following actions: (i) provide for the acceleration of any time period
relating to the exercise or realization of the Award, (ii) provide for the
purchase of the Award upon the Participant's request for an amount of cash or
other property that could have been received upon the exercise or realization
of the Award had the Award been currently exercisable or payable, (iii) adjust
the terms of the Award in a manner determined by the Committee to reflect the
change in control, (iv) cause the Award to be assumed, or new rights
substituted therefor, by another entity, or (v) make such other provision as
the Committee may consider equitable and in the best interests of the Company.

     (h)  WITHHOLDING. The Participant shall pay to the Company, or make
provision satisfactory to the Committee for payment of, any taxes required by
law to be withheld in respect of Awards under the Plan no later than the date
of the event creating the tax liability. In the Committee's discretion, such
tax obligations may be paid in whole or in part in shares of Common Stock,
including shares retained from the Award creating the tax obligation, valued at
their Fair Market Value on the date of delivery. The Company and its Affiliates
may, to the extent permitted by law, deduct any such tax obligations from any
payment of any kind otherwise due to the Participant.

     (i)  FOREIGN NATIONALS. Award may be made to Participants who are foreign
nationals or employed outside the United States on such terms and conditions
different from those specified in the Plan as the Committee considers necessary
or advisable to achieve the purposes of the Plan or comply with applicable laws.

     (j)  AMENDMENT OF AWARD. The Committee may amend, modify or terminate any
outstanding Award, including substituting therefor another Award of the same
or a different type, changing the date of exercise or realization, or converting
an Incentive Stock Option to a Nonstatutory Stock Option, provided that the
Participant's consent to such action shall be required unless the Committee
determines that the action, taking into account any related action, would not
materially and adversely affect the Participant.

Section 12. MISCELLANEOUS

     (a) NO RIGHT TO EMPLOYMENT. No person shall have any claim or right to be
granted an Award, and the grant of an Award shall not be construed as giving a
Participant the right to employment or continued employment. The Company
expressly reserves the right at any time to dismiss a Participant free from any
liability or claim under the Plan, except as expressly provided in the
applicable Award.

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                                     - 9 -

     (b)  No Rights As Shareholder. Subject to the provisions of the applicable
Award, no Participant or Designated Beneficiary shall have any rights as a
shareholder with respect to any shares of Common Stock to be distributed under
the Plan until he or she becomes the holder thereof. A Participant to whom
Common Stock is awarded shall be considered the holder of the Stock at the time
of the Award except as otherwise provided in the applicable Award.

     (c)  Effective Date. Subject to the approval of the shareholders of the
Company, the Plan shall be effective on January 1, 1992. Prior to such approval,
Awards may be made under the Plan expressly subject to such approval.

     (d)  Amendment of Plan. The Board may amend, suspend or terminate the Plan
or any portion thereof at any time, provided that no amendment shall be made
without shareholder approval is such approval is necessary to comply with any
applicable tax or regulatory requirement, including any requirement for
exemptive relief under Section 16(b) of the Securities Exchange Act of 1934 or
any successor provision.

     (e)  Governing Law. The provisions of the Plan shall be governed by and
interpreted in accordance with the laws of the Commonwealth of Massachusetts.

WPPDMA: 135
AUB 65153

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