Document:

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                                                                     Exhibit 4.4

                                 AMENDMENT NO. 1
                                     TO THE
                               ROADWAY CORPORATION
          NONEMPLOYEE DIRECTORS' EQUITY AND DEFERRED COMPENSATION PLAN

            Roadway Corporation hereby adopts Amendment No. 1 to the Roadway
Corporation Nonemployee Directors' Equity and Deferred Compensation Plan (the
"Plan") effective as of February 12, 2002. Words and phrases that are used
herein with initial capital letters that are defined in the Plan are used
herein as so defined.

                                       I.

            Section 9.1 of the Plan is hereby amended in its entirety to read as
follows:

            "9.1 SHARES SUBJECT TO PLAN. Subject to adjustment as provided in
      this Plan, the total number of Shares which may be issued under this Plan
      shall be 100,000; provided however, that such Shares (i) may be
      supplemented by Shares authorized but not granted under the following
      Company Plans: Management Incentive Stock Plan, Employee Stock Purchase
      Plan, Equity Ownership Plan, Nonemployee Directors' Stock Option Plan and
      Nonemployee Directors' Equity Ownership Plan ('stock related plans') and
      (ii) shall be reduced by any shares authorized under this Plan designated
      to be used to grant awards under any other stock related plan in excess of
      the shares authorized under such other plan. Notwithstanding the
      foregoing, in no event shall the sum of all Shares granted, out of the
      additional 800,000 Shares authorized pursuant to the amendment to the
      Equity Ownership Plan and the establishment of the Nonemployee Directors'
      Equity Ownership Plan, both on the date hereof, pursuant to Required
      Retainer Shares and Voluntary Shares under the Plan, Awards other than
      Options and Stock Appreciation Rights under the Equity Ownership Plan and
      Restricted Shares under the Nonemployee Directors' Equity Ownership Plan
      exceed 600,000 Shares."

         EXECUTED this 26th day of April, 2002.

                             ROADWAY CORPORATION

                             By: /s/ John J. Gasparovic
                                -----------------------------------------------
                             Title: Vice President, General Counsel
                                    and Secretary
                                    -------------------------------------------<PAGE>
                                                                     Exhibit 4.3

                               ROADWAY CORPORATION
                             NONEMPLOYEE DIRECTORS'
                              EQUITY OWNERSHIP PLAN

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                                TABLE OF CONTENTS

                                                                            PAGE

ARTICLE I         DEFINITIONS................................................1

         1.1    Definitions..................................................1

ARTICLE II        GENERAL TERMS..............................................4

         2.1    Purpose of the Plan..........................................4

         2.2    Stock Subject to the Plan....................................4

         2.3    Administration of the Plan...................................4

         2.4    Eligibility and Limits.......................................5

ARTICLE III       TERMS OF AWARDS............................................5

         3.1    Terms and Conditions of All Awards...........................5

         3.2    Terms and Conditions of Options..............................6

         3.3    Terms and Conditions of Restricted Stock.....................7

         3.4    Hardship.....................................................8

         3.5    Fractional Shares............................................8

ARTICLE IV        RESTRICTIONS ON STOCK......................................8

         4.1    Escrow of Shares.............................................8

         4.2    Forfeiture of Shares.........................................9

ARTICLE V         GENERAL PROVISIONS.........................................9

         5.1    Withholding..................................................9

         5.2    Changes in Capitalization; Merger; Liquidation...............9

         5.3    Restrictions on Delivery and Sale of Shares; Legends........10

         5.4    Right of First Refusal......................................11

         5.5    Reinvestment of Dividends...................................11

         5.6    Beneficiary Designation.....................................11

         5.7    Proceeds and Expenses.......................................11

         5.8    Severability................................................11

         5.9    Non-alienation of Benefits..................................11

         5.10   Amendments and Other Matters................................11

         5.11   Stockholder Approval........................................12

         5.12   Choice of Law...............................................12

         5.13   Effective Date of Plan......................................12

                                      -i-

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                               ROADWAY CORPORATION
                             NONEMPLOYEE DIRECTORS'
                              EQUITY OWNERSHIP PLAN

Roadway Corporation hereby establishes this Plan to be called the Roadway
Corporation Nonemployee Directors' Equity Ownership Plan to encourage certain
nonemployee Directors of the Company to acquire common stock of the Company and
thus provide an incentive for continuation of the efforts of the nonemployee
Directors for the success of the Company and its subsidiaries and to further the
interests of shareholders.

                                   ARTICLE I

                                   DEFINITIONS

         1.1 DEFINITIONS. Whenever used herein, the masculine pronoun shall be
deemed to include the feminine, the singular to include the plural, unless the
context clearly indicates otherwise, and the following capitalized words and
phrases are used herein with the meaning thereafter ascribed:

             (a) "ADMINISTRATOR" means the Compensation and Nominating Committee
of the Board or any successor committee designated by the Board.

             (b) "AWARD" means any Option or Restricted Stock granted under the
Plan.

             (c) "AWARD AGREEMENT" means an agreement between the Company and a
Participant or other documentation evidencing an Award.

             (d) "BENEFICIARY" means the person or persons designated by a
Participant to exercise an Award in the event of the Participant's death while a
nonemployee Director of the Company, or in the absence of such designation, the
executor or administrator of the Participant's estate.

             (e) "BOARD" means the Board of Directors of the Company.

             (f) "CHANGE IN CONTROL" of the Company means any of the following:

                 (1) a filing pursuant to any federal or state law in connection
             with any tender offer for shares of the Company (other than a
             tender offer by the Company);

                 (2) the merger, consolidation or reorganization of the Company
             into or with another corporation or other legal person, if as a
             result of such merger, consolidation or reorganization less than
             50% of the combined voting power of the then-outstanding securities
             of such corporation or person immediately after such transaction
             are held in the aggregate by the holders of Voting Stock (as that
             term is hereafter defined) of the Company immediately prior to such
             transaction by reason of their ownership of Voting Stock of the
             Company;

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                 (3) the sale or transfer by the Company of all or substantially
             all of its assets to another company or other legal person, if as a
             result of such sale or transfer less than 50% of the combined
             voting power of the then-outstanding securities of such company
             immediately after such sale or transfer is held in the aggregate by
             the holders of Voting Stock of the Company immediately prior to
             such sale or transfer by reason of their ownership of Voting Stock
             of the Company;

                 (4) the adoption of any resolution of reorganization or
             dissolution of the Company by its shareholders;

                 (5) the filing of a report on Schedule 13D or Schedule 14D-1
             (or any successor schedule, form or report), each as promulgated
             pursuant to the Securities Exchange Act of 1934, as amended (the
             "Exchange Act"), disclosing that any person (as the term "person"
             is used in Section 13(d)(3) or Section 14(d)(2) of the Exchange
             Act) has become the beneficial owner (as the term "beneficial
             owner" is defined under Rule 13d-3 or any successor rule or
             regulation promulgated under the Exchange Act) of securities
             representing 50% or more of the combined voting power of the
             then-outstanding securities entitled to vote generally in the
             election of directors of the Company ("Voting Stock");

                 (6) the filing of a report or proxy statement by the Company
             with the Securities and Exchange Commission pursuant to the
             Exchange Act disclosing in response to Form 8-K or Schedule 14A (or
             any successor schedule, form or report or item therein) that a
             change in control of the Company has occurred or will occur in the
             future pursuant to any then-existing contract or transaction;

                 (7) if during any period of two consecutive years, individuals
             who at the beginning of such period constituted the directors of
             the Company cease for any reason to constitute a majority thereof
             (unless the election, or the nomination for election by the
             Company's shareholders, of each director of the Company first
             elected during such period was approved by a vote of at least
             two-thirds of the directors then still in office who were directors
             of the Company at the beginning of any such period; or

                 (8) the occurrence of any other event or series of events,
             which event or series of events, in the opinion of the Board, will,
             or is likely to, if carried out, result in a change in control of
             the Company;

             provided, however, a "Change in Control" will not be deemed to have
             occurred, either (i) solely because (A) the Company, (B) a
             subsidiary of the Company, or (C) any Company-sponsored employee
             stock ownership plan or any other employee benefit plan of the
             Company, either files or becomes obligated to file a report or a
             proxy statement under or in response to Schedule 13D, Schedule
             14D-1, Form 8-K or Schedule 14A (or any successor schedule, form or
             report or item therein) under the Exchange Act, disclosing
             beneficial ownership by it of shares of Voting Stock, whether in
             excess of 50% or otherwise, or because the Company reports that a
             change in control of the Company has or may have occurred or will

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             or may occur in the future by reason of such beneficial ownership,
             or (ii) solely because of a change in control of any subsidiary by
             which a Participant is employed. Notwithstanding the foregoing
             provisions of Paragraphs (1)-(5) of this Subsection, if, prior to
             any event described in Paragraphs (1)-(5) of this Subsection
             instituted by any person not an officer or director of the Company,
             or prior to any disclosed proposal instituted by any person not an
             officer or director of the Company which could lead to any such
             event, management proposes any restructuring of the Company which
             ultimately leads to an event described in Paragraphs (1)-(5) of
             this Subsection pursuant to such management proposal, then a
             "Change in Control" will not be deemed to have occurred for
             purposes of the Plan. If any "Change in Control" is abandoned, the
             Board, may, by notice to the Participants, nullify the effect
             thereof.

             (g) "CODE" means the Internal Revenue Code of 1986, as amended.

             (h) "COMPANY" means Roadway Corporation, a Delaware corporation.

             (i) "FAIR MARKET VALUE" means, with respect to a share of Stock,
the last transaction price per share as quoted by the National Market System of
the National Association of Securities Dealers Automated Quotation System
("NASDAQ"), for a day specified herein for which such fair market value is to be
calculated or if there was no transaction price of such shares so quoted for
such day, on the most recent preceding day on which there was such a so quoted
transaction price.

             (j) "OPTION" means a stock option described in Section 3.2.

             (k) "PARTICIPANT" means an individual who is selected by the
Administrator to receive an Award hereunder.

             (l) "PLAN" means the Roadway Corporation Nonemployee Directors'
Equity Ownership Plan.

             (m) "RESTRICTED STOCK" means Stock awarded pursuant to Section 3.3
as to which neither the substantial risk of forfeiture nor the restrictions on
the transfer referred to in Section 3.3 has expired.

             (n) "RULE 16b-3" means Rule 16b-3 of the Securities and Exchange
Commission (or any successor rule to the same effect), as in effect from time to
time.

             (o) "STOCK" means the Company's common stock, $0.01 par value, and
any security into which Stock may be converted by reason of any transaction or
event of the type referred to in Section 5.2.

             (p) "VESTED" means that an Award is nonforfeitable and, where
appropriate, exercisable, with regard to a designated number of shares of Stock.

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                                   ARTICLE II

                                  GENERAL TERMS

         2.1 PURPOSE OF THE PLAN. The Plan is intended to (a) provide incentive
to nonemployee Directors of the Company to stimulate their efforts toward the
continued success of the Company and the Subsidiaries and to operate and manage
the business in a manner that will provide for the long-term growth and
profitability of the Company and its subsidiaries; (b) encourage stock ownership
by nonemployee Directors by providing them with a means to acquire a proprietary
interest in the Company by acquiring shares of Stock; and (c) provide a means of
attracting, retaining and rewarding nonemployee Directors.

         2.2 STOCK SUBJECT TO THE PLAN.

             (a) Subject to adjustment in accordance with Section 5.2, 100,000
shares of Stock (the "Maximum Plan Shares") are hereby reserved and subject to
issuance under the Plan, which may be Stock of original issuance or Stock held
in treasury or a combination thereof. At no time shall the Company have
outstanding Awards and shares of Stock issued in respect to Awards in excess of
the Maximum Plan Shares; provided, however, that the Maximum Plan Shares (1) may
be supplemented by shares of Stock authorized but not granted under the
following Company plans: Equity Ownership Plan, Management Incentive Stock Plan,
2001 Employee Stock Purchase Plan, Nonemployee Directors' Stock Option Plan and
Nonemployee Directors' Equity and Deferred Compensation Plan ("stock related
plans") and (2) shall be reduced by any Maximum Plan Shares used to grant awards
under any other stock related plans in excess of the shares authorized under
such other plans. To the extent permitted by law, the shares of Stock
attributable to the nonvested, unpaid, unexercised, unconverted or otherwise
unsettled portion of any Award that is forfeited, canceled or expires or
terminates for any reason without becoming Vested, paid, exercised, converted or
otherwise settled in full shall again be available for purposes of the Plan.
Notwithstanding the foregoing, in no event shall the sum of all Shares granted
hereunder, out of the 800,000 Shares authorized pursuant to the amendment to the
Equity Ownership Plan on the date hereof and the establishment of this Plan, as
Restricted Shares, Awards other than Options and Stock Appreciation Rights under
the Equity Ownership Plan, and Required Retainer Shares and Voluntary Deferral
Shares under the Nonemployee Directors' Equity and Deferred Compensation Plan
exceed 600,000 Shares.

             (b) Upon the full or partial payment of any Exercise Price (as
defined in Section 3.2(a)) by the transfer to the Company of shares of Stock or
upon satisfaction of tax withholding provisions in connection with any such
exercise or any other payment made or benefit realized under the Plan by the
transfer or relinquishment of shares of Stock, there shall be deemed to have
been issued or transferred under the Plan only the net number of shares of Stock
actually issued or transferred by the Company.

             (c) Upon payment in cash of the benefit provided by any Award, any
shares of Stock that were covered by such Award shall again be available for
issuance or transfer hereunder.

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             (d) Subject to adjustment as provided in Section 5.2, the maximum
number of shares of Stock covered by awards under the Plan granted to any
Participant during any period of three consecutive calendar years shall not
exceed 500,000 shares of Stock.

         2.3 ADMINISTRATION OF THE PLAN. The Plan shall be administered by the
Administrator. The Administrator shall have such powers as may be necessary to
discharge its duties hereunder. The Administrator may, from time to time,
employ, appoint or delegate to an agent or agents (who may be an officer or
officers of the Company) and delegate to them such administrative duties as it
sees fit, and may from time to time consult with legal counsel who may be
counsel to the Company. The Administrator shall have no power to add to,
subtract from or modify any of the terms of the Plan, or to change or add to any
benefits provided under the Plan, or to waive or fail to apply any requirements
of eligibility for a benefit under the Plan. No member of the Administrator
shall act in respect of his own Award. All decisions and determinations by the
Administrator shall be final and binding on all parties. No member of the
Administrator shall be liable for any such action taken or determination made in
good faith. All decisions of the Administrator shall be made by the vote of the
majority, including actions and writing taken without a meeting. All elections,
notices and directions under the Plan by a Participant shall be made on such
forms as the Administrator shall prescribe.

         2.4 ELIGIBILITY AND LIMITS. All nonemployee Directors of the Company
shall be eligible for grants under the Plan.

                                  ARTICLE III

                                 TERMS OF AWARDS

         3.1 TERMS AND CONDITIONS OF ALL AWARDS.

             (a) AWARD. The number of shares of Stock as to which an Award shall
be granted shall be determined by the Administrator in its sole discretion,
subject to the provisions of Section 2.2 as to the total number of shares
available for grants under the Plan.

             (b) AWARD AGREEMENT. Each Award shall be evidenced by an Award
Agreement in such form as the Administrator may determine is appropriate,
subject to the provisions of the Plan.

             (c) DATE OF GRANT. The date an Award is granted shall be the date
on which the Administrator has approved the terms and conditions of the Award
Agreement and has determined the recipient of the Award and the number of shares
covered by the Award and has taken all such other action necessary to complete
the grant of the Award.

             (d) VESTING. The Administrator may provide for a vesting schedule
in any Award Agreement. Any Award may provide for the earlier exercisability of
such rights in the event of the retirement or death of the Participant. Unless
otherwise determined by the Administrator at or after grant, no Option shall be
exercisable during the 6 months following the date of the granting of the
Option.

             (e) CHANGE IN CONTROL. The Administrator, in its discretion, may
provide at the time of a grant of any Award that the terms of the award,
including, but not limited to, the

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method of determining Fair Market Value, or the date on which an Award vests or
becomes exercisable, may be modified in the event of a Change in Control.

             (f) TRANSFERABILITY. Awards shall not be transferable or assignable
except by will or by the laws of descent and distribution and shall be
exercisable, during the Participant's lifetime, only by the Participant.
Notwithstanding the preceding sentence, the Administrator may, in its sole
discretion, authorize all or a portion of the Stock Options to be granted to a
Participant to be on terms which permit transfer by such Participant to (1) the
spouse, children or grandchildren of the Participant ("Immediate Family
Members"), (2) a trust or trusts for the exclusive benefit of such Immediate
Family Members, (3) a partnership in which such Immediate Family Members are the
only partners, or (4) other persons or entities, provided that (i) the agreement
pursuant to which such Options are transferred must be approved by the
Administrator, and must expressly provide for transferability in a manner
consistent with the preceding sentence, and (ii) subsequent transfers of
transferred Options shall be prohibited except those in accordance with the
preceding sentence. Following transfer, any such Options shall continue to be
subject to the same terms and conditions as were applicable immediately prior to
transfer.

         3.2 TERMS AND CONDITIONS OF OPTIONS.

             (a) OPTION PRICE. Subject to adjustment in accordance with Section
5.2 and the other provisions of this Section, the exercise price (the "Exercise
Price") per share of the Stock purchasable under any Option shall be as set
forth in the applicable Award Agreement which amount shall not be less than the
Fair Market Value on the date the Option is granted.

             (b) OPTION TERM. Any Option granted shall not be exercisable after
the expiration of ten years after the date the Option is granted. The
Administrator may specify a shorter term and state such term in the Award
Agreement.

             (c) PAYMENT. Payment for all shares of Stock purchased pursuant to
exercise of an Option shall be made in any form or manner authorized by the
Administrator in the Award Agreement or by amendment thereto, including, but not
limited to, cash in the form of currency or certified or cashier's check or
other acceptable cash equivalents, by delivery to the Company of a number of
shares of Stock (including by attestation) which have been owned by the holder
for at least six months prior to the date of exercise having an aggregate Fair
Market Value on the date of exercise equal to the Exercise Price or by tendering
a combination of cash and Stock. The holder of an Option, as such, shall have
none of the rights of a stockholder.

             (d) PAYMENT WITH RESTRICTED STOCK. Any grant may provide that
payment of the Exercise Price may also be made in whole or in part in the form
of shares of Restricted Stock or other Stock that are subject to risk of
forfeiture or restrictions on transfer. Unless otherwise determined by the
Administrator whenever any Exercise Price is paid in whole or in part by means
of any of the forms of consideration specified in this Subsection, the shares of
Stock received by the Participant upon the exercise of the Options shall be
subject to the same risks of forfeiture or restrictions on transfer as those
that applied to the consideration surrendered by the Participant; provided,
however, that such risks of forfeiture and restrictions on transfer shall apply
only to the same number of shares of Stock received by the Participant as
applied to the forfeitable or restricted Stock surrendered by the Participant.

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             (e) CASHLESS EXERCISE. Any Award may provide for deferred payment
of the Exercise Price from the proceeds of sale through a bank or broker on the
date of exercise of some or all of the shares of Stock to which the exercise
relates.

             (f) SUCCESSIVE GRANTS. Successive grants may be made to the same
Participant regardless of whether any Options previously granted to such
Participant remain unexercised.

             (g) CASH OUT. Upon receipt of written notice to exercise, the
Administrator may elect to cash out all or part of the portion of the Options to
be exercised by paying the Participant an amount, in cash or Stock, equal to the
excess of the Fair Market Value of the Stock over the Exercise Price (the
"Spread Value") on the effective date of such cash-out. In addition, the
Administrator may, at or after the date of grant (with the consent of the
Participant if after the date of grant), require that all or part of the shares
of Stock to be issued with respect to the Spread Value of an exercised Option
take the form of Restricted Stock, which shall be valued on the date of exercise
on the basis of the Fair Market Value of such Restricted Stock determined
without regard to the forfeiture restriction involved.

             (h) CONDITIONS TO THE EXERCISE. Each Option granted under the Plan
shall be exercisable by whom, at such time or times, or upon the occurrence of
such event or events, and in such amounts, as the Administrator shall specify in
the Award Agreement; provided, however, that subsequent to the grant of an
Option, the Administrator, at any time before complete termination of such
Option, may accelerate the time or times at which such Option may be exercised
in whole or in part, including, without limitation, upon a Change in Control and
may permit the Participant or any other designated person to exercise the
Option, or any portion thereof, for all or part of the remaining Option term
notwithstanding any provision of the Stock Agreement to the contrary.

         3.3 TERMS AND CONDITIONS OF RESTRICTED STOCK. Awards of Restricted
Stock and restrictions or conditions applicable to such Award, if any, shall be
as the Administrator determines, and the certificate for such shares shall bear
evidence of any restrictions or conditions. Subsequent to the date of the grant
of the Award, the Administrator shall have the power to permit, in its
discretion, an acceleration of the expiration of an applicable restriction
period with respect to any part or all of the shares awarded to a Participant.
The Administrator may require a cash payment from the Participant in an amount
no greater than the aggregate Fair Market Value of the shares of Stock awarded
determined at the date of grant in exchange for the grant of an Award pursuant
to this Section or may grant an Award pursuant to this Section without the
requirement of a cash payment.

             (a) RIGHTS ATTRIBUTABLE TO RESTRICTED STOCK. Each Award shall
constitute an immediate transfer of the ownership of shares of Stock to the
Participant in consideration of the performance of services, entitling such
Participant to dividend, voting and other ownership rights, subject to the
substantial risk of forfeiture and restrictions on transfer hereinafter referred
to.

             (b) TERMS OF AWARD. Each Award shall provide that the shares of
Restricted Stock covered thereby shall be subject to a "substantial risk of
forfeiture" within the meaning of Code Section 83 for a period to be determined
by the Administrator on the date of grant;

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provided, however, that subsequent to the date of grant, the Administrator, at
any time before the lapse of the "substantial risk of forfeiture," may provide
for the earlier termination of such period, including without limitation, in the
event of a Change in Control or other similar transaction or event. If the
Administrator conditions the nonforfeitability of shares of Restricted Stock
upon service alone, such vesting may not occur before three years from the date
of grant of such shares of Restricted Stock.

             (c) TRANSFERABILITY. Each Award shall provide that, during the
period for which such substantial risk of forfeiture is to continue, the
transferability of the shares of Restricted Stock shall be prohibited or
restricted in the manner and to the extent prescribed by the Administrator on
the date of grant. Such restrictions may include without limitation rights of
repurchase or first refusal in the Company or provisions subjecting the shares
of Restricted Stock to a continuing substantial risk of forfeiture in the hands
of any transferee.

             (d) DIVIDENDS. Any Award may require that any or all dividends or
other distributions paid on the shares of Restricted Stock during the period of
such restrictions be automatically sequestered. Such distribution may be
reinvested on an immediate or deferred basis in additional shares of Stock,
which may be subject to the same restrictions as the underlying award or such
other restrictions as the Administrator may determine.

             (e) CERTIFICATES. Unless otherwise directed by the Administrator,
all certificates representing shares of Restricted Stock, together with a stock
power that shall be endorsed in blank by the Participant with respect to such
shares, shall be held in custody by the Company until all restrictions thereon
lapse.

         3.4 HARDSHIP. Notwithstanding any other provision of this Article to
the contrary, in the event of hardship or other special circumstances of a
Participant who holds an Option that is not immediately and fully exercisable,
any Restricted Stock as to which the substantial risk of forfeiture or the
prohibition or restriction on transfer has not lapsed or any shares of Stock
that are subject to any transfer restriction pursuant to Section 3.3(c), the
Administrator may in its sole discretion take any action that it deems to be
equitable under the circumstances or in the best interests of the Company,
including without limitation waiving or modifying any limitation or requirement
with respect to any Award.

         3.5 FRACTIONAL SHARES. The Company shall not be required to issue any
fractional shares of Stock pursuant to the Plan. The Administrator may provide
for the elimination of fractions or for the settlement thereof in cash.

                                   ARTICLE IV

                              RESTRICTIONS ON STOCK

         4.1 ESCROW OF SHARES. Any certificates representing the shares of Stock
issued under the Plan shall be issued in the Participant's name, but, if the
Award Agreement so provides, the shares of Stock shall be held by a custodian
designated by the Administrator (the "Custodian"). Each Award Agreement
providing for transfer of shares of Stock to the Custodian shall appoint the
Custodian as the attorney-in-fact for the Participant for the term specified in
the Award Agreement, with full power and authority in the Participant's name,
place and stead to transfer,

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assign and convey to the Company any shares of Stock held by the Custodian for
such Participant, if the Participant forfeits the shares under the terms of the
Award Agreement. During the period that the Custodian holds the shares subject
to this Section, the Participant shall be entitled to all rights, except as
provided in the Award Agreement, applicable to shares of Stock not so held. Any
dividends declared on shares of Stock held by the Custodian shall, as the
Administrator may provide in the Award Agreement, be paid directly to the
Participant or, in the alternative, be retained by the Custodian until the
expiration of the term specified in the Award Agreement and shall then be
delivered, together with any proceeds, with the shares of Stock to the
Participant or the Company, as applicable.

             4.2 FORFEITURE OF SHARES. Notwithstanding any vesting schedule set
forth in any Award Agreement, in the event that the Participant violates any
provision of the Award Agreement, all unexpired, unpaid forfeitable or deferred
Awards made pursuant to the Plan shall be forfeited; provided, however, that the
Company shall return to the Participant the lesser of any consideration paid by
the Participant in exchange for Stock issued to the Participant pursuant to the
Plan or the then Fair Market Value of the Stock forfeited hereunder.

                                   ARTICLE V

                               GENERAL PROVISIONS

         5.1 WITHHOLDING. The Company shall deduct from all cash payments made
to a Participant or other person under the Plan any taxes required to be
withheld by federal, state or local government. Whenever the Company proposes or
is required to issue or transfer shares of Stock under the Plan or upon the
vesting of any Award, the Company shall have the right to require the
Participant or such other person to remit to the Company an amount sufficient to
satisfy any federal, state and local withholding tax requirements prior to the
delivery of any certificate or certificates for such shares or the vesting of
such Award. The Participant or such other person may pay the withholding tax in
cash, or, if the Award Agreement provides, the Participant or such other person
may also elect to reduce the number of shares of Stock he is to receive by, or
with respect to an Award, tender back to the Company, the smallest number of
whole shares of Stock which, when multiplied by the Fair Market Value of the
shares determined as of the Tax Date (defined below), is sufficient to satisfy
federal, state and local, if any, withholding taxes arising from exercise or
payment of an Award (a "Withholding Election"). The Participant or such other
person may make a Withholding Election only if both of the following conditions
are met:

             (a) The Withholding Election must be made on or prior to the date
on which the amount of tax required to be withheld is determined (the "Tax
Date") by executing and delivering to the Company a properly completed notice of
Withholding Election as prescribed by the Administrator; and

             (b) Any Withholding Election made will be irrevocable; provided,
however, the Administrator may in its sole discretion approve and give no effect
to the Withholding Election.

         5.2 CHANGES IN CAPITALIZATION; MERGER; LIQUIDATION.

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             (a) The number of shares of Stock reserved for the grant of Options
and Restricted Stock; the number of shares of Stock reserved for issuance upon
the exercise or payment, as applicable, of outstanding Options and upon vesting
or grant, as applicable, of Restricted Stock Awards and the Exercise Price of
each outstanding Option may be proportionately adjusted as the Administrator in
its sole discretion may in good faith determine to be equitably required in
order to prevent dilution or enlargement of the rights of Participants that
would otherwise result from any increase or decrease in the number of issued
shares of Stock resulting from a subdivision or combination of shares or the
payment of a stock dividend in shares of Stock to holders of outstanding shares
of Stock or any other increase or decrease in the number of shares of Stock
outstanding effected without receipt of consideration by the Company.

             (b) In the event of a merger, consolidation or other reorganization
of the Company or tender offer for shares of Stock, the Administrator may make
such adjustments with respect to Awards and take such other action as it deems
necessary or appropriate to reflect or in anticipation of such merger,
consolidation, reorganization or tender offer, including, without limitation,
the kind of shares (including shares of another issuer) covered by an Award, the
substitution of new Awards, the termination or adjustment of outstanding Awards,
the acceleration of Awards or the removal of restrictions on outstanding Awards.

             (c) The existence of the Plan and the Awards granted pursuant to
the Plan shall not affect in any way the right or power of the Company to make
or authorize any adjustment, reclassification, reorganization or other change in
its capital or business structure, any merger or consolidation of the Company,
any issue of debt or equity securities having preferences or priorities as to
the Stock or the rights thereof, the dissolution or liquidation of the Company,
any sale or transfer of all or any part of its business or assets, or any other
corporate act or proceeding.

             (d) The Administrator may on or after the date of grant provide in
the Award Agreement that the Participant may elect to receive an equivalent
award in respect of securities of the surviving entity of any merger,
consolidation or other transaction or event having a similar effect, or the
Administrator may provide that the Participant will automatically be entitled to
receive such an equivalent award. In any case, such substitution of securities
shall not require the consent of any person who is granted Awards pursuant to
the Plan.

         5.3 RESTRICTIONS ON DELIVERY AND SALE OF SHARES; LEGENDS. Each Award is
subject to the condition that if at any time the Administrator, in its
discretion, shall determine that the listing, registration or qualification of
the shares covered by such Award upon any securities exchange or under any state
or federal law is necessary or desirable as a condition of or in connection with
the granting of such Award or the purchase or delivery of shares thereunder, the
delivery of any or all shares pursuant to such Award may be withheld unless and
until such listing, registration or qualification shall have been effected. If a
registration statement is not in effect under the Securities Act of 1933 or any
applicable state securities laws with respect to the shares of Stock purchasable
or otherwise deliverable under Awards then outstanding, the Administrator may
require, as a condition of exercise of any Option or as a condition to any other
delivery of Stock pursuant to an Award, that the Participant or other recipient
of an Award represent, in writing, that the shares received pursuant to the
Award are being acquired for investment and not with a view to distribution and
agree that shares will not be disposed of

                                       10
<PAGE>

except pursuant to an effective registration statement, unless the Company shall
have received an opinion of counsel that such disposition is exempt from such
requirement under the Securities Act of 1933 and any applicable state securities
laws. The Company may include on certificates representing shares delivered
pursuant to an Award such legends referring to the foregoing representations or
restrictions or any other applicable restrictions on resale as the Company, in
its discretion, shall deem appropriate.

         5.4 RIGHT OF FIRST REFUSAL. At the time of grant, the Administrator may
provide in connection with any grant made under the Plan that the shares of
Stock received as a result of such grant shall be subject to a right of first
refusal, pursuant to which the Participant shall be required to offer to the
Company any shares of Stock that the Participant wishes to sell, with the price
being the then Fair Market Value of the shares of Stock, subject to such other
terms and conditions as the Administrator shall specify at the time of grant.

         5.5 REINVESTMENT OF DIVIDENDS. The reinvestment of dividends in
additional Restricted Stock at the time of any dividend payment shall only be
permissible if sufficient shares of Stock are available under Section 2.2 for
such reinvestment (taking into account then outstanding Option Awards and Awards
of Restricted Stock granted under the Plan).

         5.6 BENEFICIARY DESIGNATION. The Administrator shall establish such
procedures as it deems appropriate for a Participant to designate a beneficiary
to whom any amounts payable in the event of the Participant's death are to be
paid.

         5.7 PROCEEDS AND EXPENSES. The proceeds received by the Company from
the sale of shares of Stock pursuant to the exercise of Stock Options shall be
used for general corporate purposes. The Company shall bear any expenses
associated with the administration of the Plan.

         5.8 SEVERABILITY. If any provision of the Plan shall be held illegal or
invalid for any reason, such illegality or invalidity shall not affect the
remaining provisions of the Plan, but the Plan shall be construed and enforced
as if such illegal or invalid provision had never been included herein.

         5.9 NON-ALIENATION OF BENEFITS. Other than as specifically provided in
Section 3.1(f), no benefit under the Plan shall be subject in any manner to
anticipation, alienation, sale, transfer, assignment, pledge, encumbrance or
charge; and any attempt to do so shall be void. No such benefit shall, prior to
receipt by the Participant, be in any manner liable for or subject to the debts,
contracts, liabilities, engagements or torts of the Participant.

         5.10 AMENDMENTS AND OTHER MATTERS.

              (a) The Board may at any time and from time to time amend the Plan
in whole or in part; provided, however, that any amendment which must be
approved by the shareholders of the Company in order to comply with applicable
law or the rules of any national securities exchange or national quotation
system upon which the Stock is traded or quoted will not be effective unless and
until such approval has been obtained. Presentation of the Plan or any amendment
thereof for shareholder approval may not be construed to limit the Company's
authority to offer similar or dissimilar benefits under other plans without
shareholder approval.

                                       11
<PAGE>

              (b) The Administrator shall not, without the further approval of
stockholders of the Company, authorize the amendment of any outstanding Option
to reduce the Exercise Price. Furthermore, no Option shall be canceled and
replaced with grants having a lower Exercise Price without the further approval
of stockholders of the Company.

         5.11 STOCKHOLDER APPROVAL. The Plan will be submitted to the
stockholders of the Company for their approval within 12 months before or after
the adoption of the Plan by the Board.

         5.12 CHOICE OF LAW. The laws of the State of Delaware shall govern the
Plan, to the extent not preempted by federal law.

         5.13 EFFECTIVE DATE OF PLAN. The Plan became effective on January 1,
2002.

              The undersigned does hereby execute the Roadway Corporation
Nonemployee Directors' Equity Ownership Plan.

                             ROADWAY CORPORATION

                             By:   /s/ J. Dawson Cunningham
                                 ----------------------------------------

                             Title:  Vice President and Chief Financial Officer
                                     ------------------------------------------
Attest:

/s/ John J. Gasparovic
-------------------------
Secretary

         [CORPORATE SEAL]

                                       12

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