Document:

AMENDMENT NO. 3 TO INCENTIVE STOCK PLAN

Exhibit 10.01

MARTIN MARIETTA MATERIALS, INC. AND CONSOLIDATED SUBSIDIARIES

AMENDMENT NO. 3 TO THE

MARTIN MARIETTA MATERIALS, INC.

INCENTIVE STOCK PLAN

     
This Amendment No. 3 to the Martin Marietta Materials, Inc.
Incentive Stock Plan, as previously amended (the
“Plan”) hereby makes the following amendments,
effective as of May 23, 2000.

     
Section 6.06 of the Plan is amended to add the following
sentences:

		
	 	     
	“A Participant whose distribution of Common Shares is
	reduced to satisfy the withholding tax obligation may not request
	 tax to be withheld at greater than the minimum rate. A
	Participant who is paying the withholding tax in cash may pay the
	 withholding at greater than the minimum rate.”
	 
	 	     
	All other terms and provisions of the Plan remain in full force
	and effect.<PAGE>   1

                                                                   EXHIBIT 10.02
                                                                [CONFORMED COPY]

                 AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT

         AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT dated as of August 9,
2000 among MARTIN MARIETTA MATERIALS, INC. (the "BORROWER"), the BANKS listed on
the signature pages hereof (the "BANKS") and MORGAN GUARANTY TRUST COMPANY OF
NEW YORK, as Agent (the "AGENT").

                              W I T N E S S E T H :

         WHEREAS, certain of the parties hereto have heretofore entered into a
Revolving Credit Agreement dated as of December 3, 1998 and amended and restated
as of August 11, 1999 (as amended and restated, the "AGREEMENT");

         WHEREAS, at the date hereof, there are no Loans outstanding under the
Agreement; and

         WHEREAS, the parties hereto desire to make the amendments specified
below and to restate the Agreement in its entirety to read as set forth in the
Agreement with the amendments specified below;

         NOW, THEREFORE, the parties hereto agree as follows:

         SECTION 1. Definitions; References.

         (a) Unless otherwise specifically defined herein, each term used herein
which is defined in the Agreement shall have the meaning assigned to such term
in the Agreement. Each reference to "hereof", "hereunder," "herein" and "hereby"
and each other similar reference and each reference to "this Agreement" and each
other similar reference contained in the Agreement shall from and after the date
hereof refer to the Agreement as amended hereby.

         SECTION 2. Extension of Facility. The date "August 9, 2000" in the
definition of "Termination Date" in Section 1.01 of the Agreement is changed to
"August 8, 2001".

         SECTION 3. Equity-hybrid Securities. The following definitions are
added to Section 1.01 in appropriate alphabetical order:

<PAGE>   2

         "EQUITY PURCHASE" has the meaning in the definition of the term "Equity
Hybrid Security."

         "EQUITY HYBRID SECURITY" means a debt security (whether or not
denominated as an equity hybrid security), including guaranties issued in
connection therewith, that is issued substantially concurrently with the sale of
a purchase contract requiring the buyer to purchase (the "EQUITY PURCHASE") from
the Borrower equity securities of the Borrower for a price equal to the amount
of such debt security with the purchase price being payable in cash or debt
securities of the Borrower. The good faith determination by the Board of
Directors of the Borrower whether a debt security (or a portion thereof)
constitutes an Equity Hybrid Security shall be conclusive for purposes of this
Agreement."

         SECTION 4. Updated Representations. (a) Each reference to "1998" in
Section 4.04(a) of the Agreement is replaced with "1999."

         (b) Each reference to "March 31, 1999" in Section 4.04(b) and Section
4.04(c) of the Agreement is replaced with "March 31, 2000."

         (c) Each reference to "March 31, 1999" in the definition of "Borrower's
Latest Form 10-Q" is replaced with "March 31, 2000."

         SECTION 5. Change in Leverage Ratio. Section 5.09 is amended to read in
its entirety as follows:

                   "Section 5.09. Leverage Ratio. The ratio of Consolidated Debt
         to Total Capital (the "LEVERAGE RATIO") shall not at any time exceed
         50%; provided that if (i) Consolidated Debt has increased in connection
         with a Specified Acquisition, (ii) as a consequence of such Specified
         Acquisition, the rating of long-term unsecured debt of the Borrower has
         not been suspended, withdrawn or fallen below BBB+ by Standard & Poor's
         Ratings Services or Baa1 by Moody's Investors Service, Inc. and (iii)
         the Agent has received a Specified Acquisition Notice within 10 days of
         consummation of such Specified Acquisition, then, for a period of 180
         consecutive days following the consummation of such Specified
         Acquisition, the additional Consolidated Debt in connection with such
         Specified Acquisition shall be excluded from Consolidated Debt for
         purposes of calculating the Leverage Ratio, but only if the Leverage
         Ratio calculated without such exclusion at no time exceeds 65%. For
         purposes of calculating, under this Section 5.09, the treatment of an
         Equity Hybrid Security which is not otherwise included in Consolidated
         Net Worth until the Equity Purchase is effected, (x) if such Equity
         Hybrid Security represents senior unsecured

<PAGE>   3

         indebtedness, the total issuance amount of such security shall be
         allocated 20% to Consolidated Debt and 80% to Consolidated Net Worth,
         and (y) if such Equity Hybrid Security represents subordinated
         indebtedness, the total issuance amount of such security shall be
         allocated 100% to Consolidated Net Worth.

         For purposes of this Section 5.09,

                           (i) a "SPECIFIED ACQUISITION" means any single
                  acquisition by the Borrower or a Subsidiary of the Borrower of
                  any Person (the "TARGET") that (x) is in the same line or
                  lines of business as the Borrower or in the judgment of the
                  Borrower is related to such line or lines of business and (y)
                  such Target's board of directors have not objected to such
                  acquisition; and

                           (ii) a "SPECIFIED ACQUISITION NOTICE" means a notice
                  delivered by the Borrower notifying the Agent of the Specified
                  Acquisition and stating that the conditions in clauses (i) and
                  (ii) to the proviso to the Leverage Ratio above have been
                  satisfied."

         SECTION 6. Change in Commitments. With effect from and including the
date this Amendment and Restatement becomes effective in accordance with Section
10 hereof, (i) each Person listed on the signature pages hereof which is not a
party to the Agreement shall become a Bank party to the Agreement and (ii) the
Commitment of each Bank shall be the amount set forth opposite the name of such
Bank in the Commitment Schedule annexed hereto. Any Bank whose Commitment is
changed to zero shall upon such effectiveness cease to be a Bank party to the
Agreement, and all accrued fees and other amounts payable under the Agreement
for the account of such Bank shall be due and payable on such date; provided
that the provisions of Sections 8.03 and 9.03 of the Agreement shall continue to
inure to the benefit of each such Bank.

         SECTION 7. Year 2000 Compliance. (a) Section 4.16 of the Agreement is
deleted in its entirety.

         (b) The terms "Year 2000 Compliant" and "Year 2000 Problem" are deleted
in their entirety from Section 1.01 of the Agreement.

         (c) The phrase ", 4.14 and 4.16" in Section 3.02(e) of the Agreement is
replaced by the words "and 4.14".

         SECTION 8. Representations and Warranties. The Borrower hereby
represents and warrants that as of the date hereof and after giving effect
hereto:

<PAGE>   4

         (a) no Default has occurred and is continuing; and

         (b) each representation and warranty of the Borrower set forth in the
Agreement after giving effect to this Amendment and Restatement is true and
correct as though made on and as of such date.

         SECTION 9. Governing Law. This Amendment and Restatement shall be
governed by and construed in accordance with the laws of the State of New York.

         SECTION 10. Counterparts; Effectiveness. This Amendment and Restatement
may be signed in any number of counterparts, each of which shall be an original,
with the same effect as if the signatures thereto and hereto were upon the same
instrument. This Amendment and Restatement shall become effective as of the date
hereof when the Agent shall have received:

         (a) duly executed counterparts hereof signed by the Borrower and the
Banks (or, in the case of any party as to which an executed counterpart shall
not have been received, the Agent shall have received telegraphic, telex or
other written confirmation from such party of execution of a counterpart hereof
by such party);

         (b) an opinion of Willkie Farr & Gallagher, counsel for the Borrower
(or such other counsel for the Borrower as may be acceptable to the Agent)
substantially to the effect of Exhibit E to the Agreement with reference to this
Amendment and Restatement and the Agreement as amended and restated hereby; and

         (c) all documents it may reasonably request relating to the existence
of the Borrower, the corporate authority for and the validity of this Agreement,
and any other matters relevant hereto, all in form and substance satisfactory to
the Agent;

provided that this Amendment and Restatement shall not become effective or
binding on any party hereto unless all of the foregoing conditions are satisfied
not later than August 9, 2000. The Agent shall promptly notify the Borrower and
the Banks of the effectiveness of this Amendment and Restatement, and such
notice shall be conclusive and binding on all parties hereto.

<PAGE>   5

         IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
duly executed by their respective authorized officers as of the day and year
first above written.

                                 MARTIN MARIETTA MATERIALS, INC.

                                 By: /s/ Janice K. Henry
                                     -------------------------------------------
                                     Title: Senior Vice President and
                                            Chief Financial Officer

                                     Address: 2710 Wycliff Road
                                              Raleigh, NC 27607

                                     Facsimile: 919-510-4700

                                 MORGAN GUARANTY TRUST COMPANY OF NEW YORK

                                 By: /s/ Robert Bottamedi
                                     -------------------------------------------
                                     Title: Vice President

                                 FIRST UNION NATIONAL BANK

                                 By: /s/ G. Mendel Lay, Jr.
                                     -------------------------------------------
                                     Title: Senior Vice President

<PAGE>   6

                                 WACHOVIA BANK, N.A.

                                 By: /s/ Keith A. Sherman
                                     -------------------------------------------
                                     Title: Senior Vice President

                                 BANK OF AMERICA, N.A.

                                 By: /s/ Kathryn W. Robinson
                                     -------------------------------------------
                                     Title: Managing Director

                                 BNP PARIBAS HOUSTON AGENCY

                                 By: /s/ Henry F. Setina
                                     -------------------------------------------
                                     Title: Vice President

                                 BRANCH BANKING & TRUST COMPANY

                                 By: /s/ Richard E. Fowler
                                     -------------------------------------------
                                     Title: Senior Vice President

                                 CENTURA BANK

                                 By: /s/ J. Michael Dickinson
                                     -------------------------------------------
                                     Title: Corporate Bank Officer

                                 STATE STREET BANK AND TRUST COMPANY

                                 By: /s/ Juan G. Sierra
                                     -------------------------------------------
                                     Title: Officer

<PAGE>   7

                                 WELLS FARGO BANK, N.A.

                                 By: /s/ Carol A. Ward
                                     -------------------------------------------
                                     Title: Vice President

                                 MORGAN GUARANTY TRUST COMPANY OF
                                   NEW YORK, as Agent

                                 By: /s/ Robert Bottamedi
                                     -------------------------------------------
                                     Title: Vice President

                                     Address: 500 Stanton Christiana Road
                                              Newark, DE 19713

                                     Facsimile: 302-634-1852

<PAGE>   8

                               COMMITMENT SCHEDULE

BANK                                                              COMMITMENT

Morgan Guaranty Trust Company of New York                        $44,500,000

First Union National Bank                                        $43,500,000

Wachovia Bank, N.A.                                              $43,500,000

Bank of America, N.A.                                            $43,500,000

BNP Paribas Houston Agency                                       $25,000,000

Branch Banking & Trust Company                                   $25,000,000

Centura Bank                                                     $25,000,000

State Street Bank and Trust Company                              $25,000,000

Wells Fargo Bank, N.A.                                           $25,000,000

                  TOTAL                                         $300,000,000

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00013-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00013-of-00352.parquet"}]]