Document:

Exhibit 10.51

                           RESTRICTED STOCK AGREEMENT

          This Restricted Stock Agreement ("Agreement"), dated as of July 31,
2001, between CONSECO, INC., an Indiana corporation (the "Company"), and Gary C.
Wendt, Chairman of the Board and Chief Executive Officer of the Company, and
Rosemarie Wendt, his wife (collectively, "Wendt").

                                    RECITALS

          WHEREAS, Wendt currently owns approximately 2,424,108 shares of
ExlService.com, Inc., a Delaware corporation ("Exl");

          WHEREAS, simultaneously with the execution of this Agreement, a newly
formed, wholly-owned subsidiary of the Company will merge (the "Merger") with
and into Exl, with Exl being the surviving corporation (the "Surviving Entity")
pursuant to that certain Agreement and Plan of Merger dated as of July 27, 2001
(the "Merger Agreement");

          WHEREAS, in the Merger, each share of Exl will be exchanged for .2857
shares of the Company;

          WHEREAS, Wendt and the Company desire to eliminate any appearance of a
potential conflict of interest in Wendt's receipt of the Company's common stock
in the Merger; and

          WHEREAS, as a condition to the consummation of the Merger by the
Company, the Company and Wendt desire to set forth certain restrictions on the
shares of common stock of the Company to be issued to Wendt in the Merger.

          NOW, THEREFORE, in consideration of the foregoing and other good and
valuable consideration, the parties hereto agree as follows:

          1. Issuance of Restricted Shares. As of the date of this Agreement,
the Company has issued to Wendt six hundred ninety-two thousand six hundred and
two (692,567.66) shares (the "Restricted Shares") of the Company's common stock
(the "Common Stock") in connection with the Merger, upon the terms and
conditions set forth in this Agreement.

          2. Representations of Wendt. Wendt hereby (i) accepts the Restricted
Shares described in paragraph 1; (ii) agrees that the Restricted Shares will be
held by Wendt and Wendt's successors subject to (and will not be disposed of
except in accordance with) all of the restrictions, terms and conditions
contained in this Agreement; (iii) represents that Wendt is acquiring the
Restricted Shares for investment and not with a view to or for resale or
distribution thereof; (iv) understands that the issuance of the Restricted
Shares has not been registered under the Securities Act of 1933, as amended (the
"Act"), or any applicable state securities laws and that any transfer or resale
of the Restricted Shares will be subject to restriction under such laws; and (v)
agrees that any certificates issued for the Restricted Shares may bear the
following legend or such other legend as the Company, from time to time, deems
appropriate:

<PAGE>

          "The transfer of the Shares represented by this certificate is
          restricted by the terms of a Restricted Stock Agreement dated as of
          July 31, 2001, a copy of which is on file at the Company's principal
          office; no transfer of the Shares represented by this certificate
          shall be valid or effective until the conditions with respect to such
          transfer contained in the Agreement have been met."

          3. Vesting. Except as otherwise provided in this Agreement, Wendt may
not sell, assign, transfer, pledge or otherwise dispose of or encumber any of
the Restricted Shares, or any interest therein, unless and until Wendt's rights
in such Shares have vested in accordance with this Agreement (the period of time
until the Restricted Shares have vested is referred to as the "Restriction
Period"). Any purported sale, assignment, transfer, pledge or other disposition
or encumbrance in violation of this Agreement shall be void and of no effect.
The Restricted Shares shall vest upon the Vesting Event (as defined below).

     The "Vesting Event" shall be deemed to have occurred on the earlier of (i)
such date as the Identifiable Cost Reductions (as defined below) realized by the
Company equals or exceeds $52.6 million as approved by a special committee of
the Board of Directors of the Company whose members are independent directors
(the "Special Committee") and based upon the confirmation of
PricewaterhouseCoopers, LLP or the Company's then current independent
accountants that the Company followed agreed upon procedures to arrive at the
Identifiable Cost Reductions, (ii) the date of the occurrence of a Force Majeure
Event (as defined below) or (iii) the date of the occurrence of a Change in
Control (as defined below).

     If a disagreement arises between Wendt and the Company with respect to the
amount of Identifiable Cost Reductions, Wendt shall appoint an independent
accountant (the "Wendt Accountant") to review the Identifiable Cost Reductions.
If the Wendt Accountant and the Company disagree as to the amount of
Identifiable Cost Reductions, the Wendt Accountant and the Company shall agree
on the appointment of an independent accounting firm of national reputation to
establish the amount of the Identifiable Cost Reductions. Such results shall
ultimately be reviewed and approved by the Special Committee.

     As used in this Agreement, "Force Majeure Event" shall mean the either (i)
a period commencing prior to June 30, 2004 and continuing through June 30, 2005
or (ii) any twelve month period ending on or after June 30, 2005, and during
which period, the Company is unable to transfer positions to Exl or is
materially hampered from transferring positions to Exl because of fire, strike,
acts of God or of a public enemy, labor dispute, war or governmental
regulations.

     As used in this Agreement, "Change in Control" shall mean the acquisition
by any "person" (as such term is used in Sections 13(d) and 14(d) of the
Securities Exchange Act of 1934, as amended (the "1934 Act")) of "beneficial
ownership" (as such term is defined in Rule 13d-3 promulgated under the 1934
Act), directly or indirectly, of securities of the Company representing 51% or
more of the combined voting power of the then outstanding securities of the
Company entitled to vote with respect to the election of the Company's Board of
Directors.

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<PAGE>

     As used in this Agreement, "Identifiable Cost Reductions" shall mean the
Cumulative Cost Reductions of Conseco Outsourcing (as defined below), less (i)
Transition Costs (as defined below), less (ii) cumulative costs of Conseco's
India Oversight function (historically captured in budget center 0008056), plus
(iii) consolidated cumulative revenues of Exl and its subsidiary from customers
other than Conseco or any of its subsidiaries, since the date of acquisition of
Exl, and less (iv) all expenses of Exl and its subsidiary. To the extent
included in the financial statements of Exl, up to $21 million of expense
associated with payments under the management incentive plans adopted by Conseco
or its subsidiaries at or about the time of the acquisition of Exl shall not be
included in the calculation of Identifiable Cost Reductions. Identifiable Cost
Reductions will be calculated from the effective date of the acquisition of Exl
and shall not include any costs of unforeseen liabilities of Exl or its
subsidiary or liabilities of Exl or its subsidiary unknown by Conseco which
liabilities result primarily from events occurring prior to or primarily
attributable to periods prior to the effective date of the acquisition of Exl.
Identifiable Cost Reductions shall not include any calculation for the option
expense of Conseco associated with the options to purchase common stock of Exl
that were assumed by Conseco at the time of the acquisition of Exl.

     As used in this Agreement, "Transition Costs" shall mean all costs (except
Exl charges) incurred by Conseco and its subsidiaries (other than Exl and its
subsidiary) in connection with the transfer of duties, processes or functions
from Conseco and its subsidiaries (other than Exl and its subsidiary) to Exl and
its subsidiary. Transition Costs shall not include expense reimbursement
received by Exl and its subsidiary from Conseco or any of Conseco's subsidiaries
(other than Exl and its subsidiary). Transition Costs shall be accounted for by
Conseco and its subsidiaries in designated budget centers. Transition Costs
shall include, without limitation, travel, training and severance expenses,
losses (gains) resulting from the sale or disposal of assets (other than real
estate) no longer needed as a result of the outsourcing of positions to Exl and
its subsidiary, and any other costs reasonably associated with the outsourcing
of positions to Exl and its subsidiary.

     As used in this Agreement, "Cumulative Cost Reductions of Conseco
Outsourcing" shall mean the cumulative salary cost plus Overhead (as defined
below) saved from the effective date of an eliminated or avoided position at
Conseco and its subsidiaries (other than Exl and its subsidiary) as a direct
result of outsourcing such position to Exl or its subsidiary; provided that
positions eliminated or avoided prior to the date of acquisition of Exl by
Conseco shall be deemed effective as of the date of acquisition of Exl by
Conseco. Conseco and its subsidiaries shall periodically prepare reports
indicating the number of positions eliminated or avoided as a direct result of
outsourcing such positions to Exl or its subsidiary and the annual salary
associated with such positions.

     As used in this Agreement, "Overhead" shall mean (i) employee benefits and
payroll and other taxes equal to 32% (the "Benefits Percentage") of the salary
of the positions eliminated or avoided, (ii) supervisory and management overhead
equal to 15% of the salary of the positions eliminated or avoided, (iii) office
and equipment expense of $2,000 per position eliminated or avoided, and (iv)
other general overhead expenses of $2,500 per position eliminated or avoided.
The Benefits Percentage shall be adjusted effective annually on the anniversary
date of this Agreement to reflect any changes in benefit plan design or cost
during the twelve months ended June 30 of each year.

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<PAGE>

          4. Voting and Dividends. Except as provided in this paragraph, with
respect to the Restricted Shares, Wendt shall have all of the rights of a
shareholder of the Company, including the right to vote the Restricted Shares
during the Restriction Period. Any cash dividends paid on any Restricted Shares
during the Restriction Period shall be paid to Wendt. In the event any non-cash
dividends or other distributions, whether in property or stock of another
company, are paid on any Restricted Shares during the Restriction Period, such
non-cash dividends or other distributions payable to Wendt shall be retained by
the Company and not delivered to Wendt unless and until such time as the
Restriction Period on the shares with respect to which such non-cash dividends
or other distributions have been paid shall have lapsed and such shares become
fully vested. Such non-cash dividends or distributions with respect to the
Restricted Shares shall be paid to Wendt upon the lapse of the restrictions.
Stock dividends and shares issued as a result of any stock split, if any, issued
with respect to the Restricted Shares shall be treated as additional Restricted
Shares and shall be subject to the same restrictions and other terms and
conditions that apply with respect to, and shall vest or be forfeited at the
same time as, the Restricted Shares with respect to which such stock dividends
or shares are issued.

          5. Certificates. As soon as practicable after the date of this
Agreement, the Company shall issue a stock certificate in respect of the
Restricted Shares that will be registered in Wendt's name, and which shall bear
whatever legend the Company shall determine, including, but not limited to, the
legend set forth in paragraph 2. Such certificate shall be held by the Company
pending vesting pursuant to paragraph 3. To the extent the Restricted Shares
become vested, the Company shall promptly provide Wendt (or in the case of the
death of both Gary C. Wendt and Rosemarie Wendt, the designated beneficiary) the
appropriate certificate for the vested shares of Common Stock.

          6. Registration Rights. The Company shall use its commercially
reasonable best efforts to prepare and file no later than 30 days from the
occurrence of the Vesting Event a registration statement on Form S-3 or other
applicable form under the Act ("Registration Statement") to register the resale
of the Restricted Shares then owned by Wendt. The Company will use its
commercially reasonable best efforts to cause the Registration Statement to be
declared effective and remain effective on the date or dates reasonably
requested by Wendt; provided, that Wendt may request the registration of the
Restricted Shares only once. The Company shall use its commercially reasonable
best efforts to prepare and file such amendments and post-effective amendments
to the Registration Statement as may be necessary to keep such Registration
Statement current, cause the prospectus to be included in any such Registration
Statement to be supplemented by any required prospectus supplement, and as so
supplemented, to be filed pursuant to applicable rules under the Act and to
comply fully with rules, as applicable, under the Act in a timely manner, and
comply with the provisions of the Act with respect to the disposition of all
securities covered by the Registration Statement during the applicable period in
accordance with the intended method or methods of distribution set forth in such
Registration Statement or supplement to the prospectus. The Company and Wendt
shall enter into underwriting, custody and indemnification agreements containing
customary terms, representations and covenants with one or more managing
underwriters selected by Wendt (subject to the approval of the Company, which
approval shall not unreasonably be withheld). The Company shall pay all of the
legal, accounting, printing, filing and other fees and expenses of

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<PAGE>

such registration, except that Wendt shall pay all underwriters' discounts and
commissions relating to the sale of Wendt's Common Stock and the fees and
disbursements of Wendt's legal counsel, if any.

          7. Entire Agreement. This Agreement constitutes the entire agreement
between the parties with respect to the subject matter hereof. Any term or
provision of this Agreement may be waived at any time by the party which is
entitled to the benefits thereof, and any term or provision of this Agreement
may be amended or supplemented at any time by the mutual consent of the parties
hereto, except that any waiver of any term or condition, or any amendment, of
this Agreement must be in writing.

          8. Governing Law. The laws of the State of Indiana shall govern the
interpretation, validity and performance of the terms of this Agreement
regardless of the law that might be applied under principles of conflict of
laws.

          9. Successors and Assigns. This Agreement shall be binding upon and
inure to the benefit of the successors, assigns and heirs of the respective
parties.

          10. Notices. All notices and other communications required or
permitted under this Agreement shall be written and shall be delivered
personally or sent by registered or certified first-class mail, postage prepaid
and return receipt required, addressed as follows: if to the Company, to the
Company's executive offices in Carmel, Indiana, attention: General Counsel, and
if to Wendt or successor, to the address last furnished by Wendt to the Company.
Each notice and communication shall be deemed to have been given when received
by the Company or Wendt.

          11. No Waiver. The failure of a party to insist upon strict adherence
to any term of this Agreement on any occasion shall not be considered a waiver
thereof or deprive that party of the right thereafter to insist upon strict
adherence to that term or any other term of this Agreement.

          12. Titles. Titles are provided herein for convenience only and are
not to serve as a basis for interpretation or construction of the Agreement. The
masculine pronoun shall include the feminine and neuter and the singular shall
include the plural, when the context so indicates.

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<PAGE>

          IN WITNESS WHEREOF, the parties hereto have duly executed this
Agreement as of the day and year first above written.

/s/ Gary C. Wendt                 CONSECO, INC.
---------------------------
Gary C. Wendt

                                  By:  /s/ David Gubbay
                                      ----------------------------------
                                     Name:   David Gubbay
                                     Title:  Executive Vice President, Strategic
/s/ Rosemarie Wendt                          Business Development
---------------------------
Rosemarie Wendt

                                       6<PAGE>          1
                                                                 Exhibit 10.4(c)
                 HECLA MINING COMPANY 1995 STOCK INCENTIVE PLAN
                 Amended February 19, 1999, Amended June 7, 2001

Section 1.  Purpose; Definitions

      The purpose of the Plan is to give the Corporation a competitive advantage
in  attracting, retaining and motivating officers and employees and  to  provide
the Corporation and its subsidiaries with the ability to provide incentives more
directly  linked  to  the  profitability of  the  Corporation's  businesses  and
increases in stockholder value.

      For  purposes of the Plan, the following terms are defined  as  set  forth
below:

     a.    "Affiliate"  means a corporation or other entity  controlled  by  the
Corporation and designated by the Committee from time to time as such.

     b.   "Award" means a Stock Appreciation Right, Stock Option, Restricted
Stock or Performance Units.

     c.   "Award Cycle" shall mean a period of consecutive fiscal years or
portions thereof designated by the Committee over which Performance  Units  are
to  be earned.

     d.   "Board" means the Board of Directors of the Corporation.

     e.   "Cause" means (1) conviction of the optionee for committing a felony
under federal  law  or  the  law  of  the state in which  such  action occurred,
(2) dishonesty in the course of fulfilling the optionee's employment duties  or
(3) willful  and  deliberate  failure on the part of the  optionee  to  perform
his employment  duties  in any material respect, or such other events  as shall
be determined  by  the Committee.  The Committee shall have the sole discretion
to determine whether "Cause" exists, and its determination shall be final.

     f.   "Change in Control" and "Change in Control Price" have the meanings
set forth in Sections 9(b) and (c), respectively.

     g.   "Code" means the Internal Revenue Code of 1986, as amended from time
to time, and any successor thereto.

     h.   "Commission" means the Securities and Exchange Commission or any
successor agency.

     i.   "Committee" means the Committee referred to in Section 2.

     j.    "Common Stock" means common stock, par value $.25 per share,  of the
       Corporation.

<PAGE>          2

     k.   "Corporation" means Hecla Mining Company, a Delaware corporation.

     l.   "Covered Employee" shall mean a participant designated prior to the
grant of  shares of Restricted Stock or Performance Units by the Committee who
is or may  be a "covered employee" within the meaning of Section 162(m)(3) of
the Code in  the year in which Restricted Stock or Performance Units are
expected to be taxable to such participant.

     m.    "Disability" means permanent and total disability as determined under
procedures established by the Committee for purposes of the Plan.

     n.   "Disinterested Person" shall mean a member of the Board who qualifies
as a disinterested  person  as defined in Rule 16b-3(c)(2),  as  promulgated by
the Commission  under the Exchange Act, or any successor definition adopted  by
the Commission.

     o.    "Early Retirement" means retirement from active employment  with  the
Corporation,  a  subsidiary  or  Affiliate  pursuant  to  the  early  retirement
provisions of the applicable pension plan of such employer.

     p.   "Exchange Act" means the Securities Exchange Act of 1934, as amended
from time to time, and any successor thereto.

     q.    "Fair  Market Value" means, except as provided in Sections  5(j)  and
6(b)(ii)(2),  as  of  any given date, the mean between the  highest  and  lowest
reported  sales  prices  of  the Common Stock on the  New  York  Stock  Exchange
Composite  Tape  or,  if  not listed on such exchange,  on  any  other  national
securities exchange on which the Common Stock is listed or on NASDAQ.  If  there
is no regular public trading market for such Common Stock, the Fair Market Value
of the Common Stock shall be determined by the Committee in good faith.

     r.    "Incentive  Stock Option" means any Stock Option designated  as,  and
qualified as, an "Incentive Stock Option" within the meaning of Section  422  of
the Code.

     s.   "Nonqualified Stock Option" means any Stock Option that is not an
Incentive Stock Option.

     t.    "Normal Retirement" means retirement from active employment with  the
Corporation, a subsidiary or Affiliate at or after age 65.

<PAGE>          3

     u.    "Performance  Goals" means the performance goals established  by  the
Committee prior to the grant of Restricted Stock or Performance Units  that  are
based  on  the  attainment  of  specified levels  of  earnings  per  share  from
continuing  operations, operating income, revenues, return on operating  assets,
return  on  equity,  stockholder  return  (measured  in  terms  of  stock  price
appreciation) and/or total stockholder return (measured in terms of stock  price
appreciation  and/or dividend growth), ore reserve growth, achievement  of  cost
control, production targets at specific mines or company wide, or stock price of
the  Corporation  or such subsidiary, division or department of the  Corporation
for  or within which the participant is primarily employed and that are intended
to  qualify under Section 162(m)(4)(c) of the Code.  Such Performance Goals also
may  be  based upon attaining specified levels of Corporation performance  under
one or more of the measures described above relative to the performance of other
corporations.  Such Performance Goals shall be set by the Committee  within  the
time period prescribed by Section 162(m) of the Code and related regulations.

     v.   "Performance Units" means an award made pursuant to Section 8.

     w.   "Plan" means the Hecla Mining Company 1995 Stock Incentive Plan, as
set forth herein and as hereinafter amended from time to time.

     x.   "Restricted Stock" means an award granted under Section 7.

     y.   "Retirement" means Normal or Early Retirement.

     z.    "Rule 16b-3" means Rule 16b-3, as promulgated by the Commission under
Section 16(b) of the Exchange Act, as amended from time to time.

     aa.  "Stock Appreciation Right" means a right granted under Section 6.

     bb.  "Stock Option" means an option granted under Section 5.

     cc.  "Termination of Employment" means the termination of the participant's
employment  with the Corporation and any subsidiary or Affiliate.  A participant
employed  by  a  subsidiary or an Affiliate shall also  be  deemed  to  incur  a
Termination  of Employment if the subsidiary or Affiliate ceases to  be  such  a
subsidiary  or  an Affiliate, as the case may be, and the participant  does  not
immediately  thereafter  become  an  employee  of  the  Corporation  or  another
subsidiary or Affiliate.  Temporary absences from employment because of illness,
vacation  or  leave  of  absence and transfers among  the  Corporation  and  its
subsidiaries and Affiliates shall not be considered Terminations of Employment.

<PAGE>          4

     In addition, certain other terms used herein have definitions given to them
in the first place in which they are used.

Section 2.  Administration

      The  Plan shall be administered by a committee of the Board designated  by
the  Board  (the  "Committee"), which shall be composed of  not  less  than  two
Disinterested Persons, each of whom shall be an "outside director" for  purposes
of  Section  162(m)(4) of the Code, and shall be appointed by and serve  at  the
pleasure of the Board.

      The Committee shall have plenary authority to grant Awards pursuant to the
terms  of  the  Plan  to  officers and employees  of  the  Corporation  and  its
subsidiaries and Affiliates.

      Among other things, the Committee shall have the authority, subject to the
terms of the Plan:

     (a)  To select the officers and employees to whom Awards may from time to
time be granted;

     (b)  Determine whether and to what extent Incentive Stock Options,
Nonqualified Stock Options, Stock Appreciation Rights, Restricted Stock and
Performance Units or any combination thereof are to be granted hereunder;

     (c)  Determine the number of shares of Common Stock to be covered by each
Award granted hereunder;

     (d)   Determine  the  terms and conditions of any Award  granted  hereunder
(including, but not limited to, the option price (subject to Section 5(a)),  any
vesting  condition,  restriction or limitation (which  may  be  related  to  the
performance of the participant, the Corporation or any subsidiary or  Affiliate)
and  any  vesting acceleration or forfeiture waiver regarding any Award and  the
shares  of Common Stock relating thereto, based on such factors as the Committee
shall determine;

     (e)  Modify, amend or adjust the terms and conditions of any Award, at any
time or from time to time, including but not limited to Performance Goals;
provided however, that the Committee may not adjust upwards the amount  payable
to a designated Covered Employee with respect to a particular award upon the
satisfaction of applicable Performance Goals;

     (f)  Determine to what extent and under what circumstances Common Stock and
other amounts payable with respect to an Award shall be deferred; and

     (g)  Determine under what circumstances an Award may be settled in cash  or
Common Stock under Sections 5(j) and 8(b)(i).

<PAGE>          5

      The  Committee  shall have the authority to adopt, alter and  repeal  such
administrative rules, guidelines and practices governing the Plan  as  it  shall
from  time to time deem advisable, to interpret the terms and provisions of  the
Plan  and  any Award issued under the Plan (and any agreement relating  thereto)
and to otherwise supervise the administration of the Plan.

      The  Committee may act only by a majority of its members then  in  office,
except  that  the  members  thereof  may (i)  delegate  to  an  officer  of  the
Corporation  the  authority to make decisions pursuant to paragraphs  (c),  (f),
(g), (h) and (i) of Section 5 (provided that no such delegation may be made that
would  cause Awards or other transactions under the Plan to cease to  be  exempt
from  Section 16(b) of the Exchange Act) and (ii) authorize any one or  more  of
their  number or any officer of the Corporation to execute and deliver documents
on behalf of the Committee.

      Any determination made by the Committee or pursuant to delegated authority
pursuant to the provisions of the Plan with respect to any Award shall  be  made
in  the  sole  discretion of the Committee or such delegate at the time  of  the
grant  of the Award or, unless in contravention of any express term of the Plan,
at   any  time  thereafter.   All  decisions  made  by  the  Committee  or   any
appropriately delegated officer pursuant to the provisions of the Plan shall  be
final   and  binding  on  all  persons,  including  the  Corporation  and   Plan
participants.

Section 3.  Common Stock Subject to Plan

     The total number of shares of Common Stock reserved and available for grant
under the Plan shall be 3,000,000. Shares subject to an Award under the Plan may
be authorized and unissued shares or may be treasury shares.

      Subject  to  Section  7(c)(iv),  if any shares  of  Restricted  Stock  are
forfeited  for which the participant did not receive any benefits  of  ownership
(as  such  phrase is construed by the Commission or its Staff), or if any  Stock
Option  (and related Stock Appreciation Right, if any) terminates without  being
exercised,  or  if  any Stock Appreciation Right is exercised for  cash,  shares
subject  to  such Awards shall again be available for distribution in connection
with Awards under the Plan.

      In  the  event of any change in corporate capitalization, such as a  stock
split,   or   a  corporate  transaction,  such  as  any  merger,  consolidation,
separation, including a spin-off, or other distribution of stock or property  of
the  Corporation,  any reorganization (whether or not such reorganization  comes
within the definition of such term in Section 368 of the Code) or any partial or
complete  liquidation of the Corporation, the Committee or Board may  make  such
substitution or adjustments in the aggregate number and kind of shares  reserved
for  issuance  under the Plan, in the number, kind and option  price  of  shares
subject to outstanding Stock Options and Stock Appreciation Rights, in

<PAGE>          6

the  number and kind of shares subject to other outstanding Awards granted under
the  Plan  and/or  such other equitable substitution or adjustments  as  it  may
determine to be appropriate in its sole discretion; provided however,  that  the
number  of  shares  subject to any Award shall always be a whole  number.   Such
adjusted option price shall also be used to determine the amount payable by  the
Corporation  upon the exercise of any Stock Appreciation Right  associated  with
any Stock Option.

Section 4.  Eligibility

      Officers and employees of the Corporation, its subsidiaries and Affiliates
who   are   responsible  for  or  contribute  to  the  management,  growth   and
profitability  of  the  business  of  the  Corporation,  its  subsidiaries   and
Affiliates are eligible to be granted Awards under the Plan.  No grant shall  be
made  under this Plan to a director who is not an officer or a salaried employee
of the Corporation, its subsidiaries or Affiliates.

Section 5.  Stock Options

      Stock  Options may be granted alone or in addition to other Awards granted
under the Plan and may be of two types: Incentive Stock Options and Nonqualified
Stock Options.  Any Stock Option granted under the Plan shall be in such form as
the Committee may from time to time approve.

      The  Committee  shall have the authority to grant any  optionee  Incentive
Stock  Options,  Nonqualified Stock Options or both types of Stock  Options  (in
each  case  with or without Stock Appreciation Rights); provided  however,  that
grants  hereunder  are  subject to the aggregate limit on grants  to  individual
participants  set forth in Section 3.  Incentive Stock Options  may  be  granted
only to employees of the Corporation and its subsidiaries (within the meaning of
Section  424(f)  of  the  Code).  To the extent that any  Stock  Option  is  not
designated  as  an  Incentive Stock Option or even if  so  designated  does  not
qualify  as an Incentive Stock Option, it shall constitute a Nonqualified  Stock
Option.

      Stock  Options  shall  be evidenced by option agreements,  the  terms  and
provisions of which may differ.  An option agreement shall indicate on its  face
whether  it  is intended to be an agreement for an Incentive Stock Option  or  a
Nonqualified Stock Option.  The grant of a Stock Option shall occur on the  date
the  Committee  by resolution selects an individual to be a participant  in  any
grant  of a Stock Option, determines the number of shares of Common Stock to  be
subject to such Stock Option to be granted to such individual and specifies  the
terms  and  provisions  of  the Stock Option.  The Corporation  shall  notify  a
participant  of any grant of a Stock Option, and a written option  agreement  or
agreements  shall  be  duly executed and delivered by  the  Corporation  to  the
participant.  Such agreement or agreements shall become effective upon execution
by the Corporation and the participant.

<PAGE>          7

      Anything in the Plan to the contrary notwithstanding, no term of the  Plan
relating to Incentive Stock Options shall be interpreted, amended or altered nor
shall  any discretion or authority granted under the Plan be exercised so as  to
disqualify the Plan under Section 422 of the Code or, without the consent of the
optionee  affected, to disqualify any Incentive Stock Option under such  Section
422.

      Stock  Options  granted under the Plan shall be subject to  the  following
terms  and conditions and shall contain such additional terms and conditions  as
the Committee shall deem desirable:

     (a)  Option Price.  The option price per share of Common Stock purchasable
under a Stock Option shall be determined by the Committee and set forth in the
option agreement, and shall not be less than the Fair Market Value of the Common
Stock subject to the Stock Option on the date of grant.

     (b)   Option  Term.  The term of each Stock Option shall be  fixed  by  the
Committee, but no Incentive Stock Option shall be exercisable more than 10 years
after the date the Stock Option is granted.

     (c)  Exercisability.  Except as otherwise provided herein, Stock Options
shall be exercisable at such time or times and subject to such terms and
conditions as shall  be determined by the Committee.  If the Committee provides
that any Stock Option is exercisable only in installments, the Committee may at
any time waive such installment exercise provisions, in whole or in part, based
on such factors as  the  Committee may determine.  In addition, the Committee
may at any time accelerate the exercisability of any Stock Option.

     (d)  Method of Exercise. Subject to the provisions of this Section 5, Stock
Options  may  be exercised, in whole or in part, at any time during  the  option
term  by giving written notice of exercise to the Company specifying the  number
of shares of Common Stock subject to the Stock Option to be purchased.

      Such  notice shall be accompanied by payment in full of the purchase price
by  certified  or  bank check or such other instrument as  the  Corporation  may
accept.  If approved by the Committee, payment, in full or in part, may also  be
made  in the form of unrestricted Common Stock already owned by the optionee  of
the  same  class as the Common Stock subject to the Stock Option (based  on  the
Fair  Market  Value  of  the  Common Stock on  the  date  the  Stock  Option  is
exercised);  provided however, that, in the case of an Incentive  Stock  Option,
the  right to make a payment in the form of already owned shares of Common Stock
of  the  same  class  as the Common Stock subject to the  Stock  Option  may  be
authorized only at the time the Stock Option is granted.

<PAGE>          8

      If payment of the option exercise price of a Nonqualified Stock Option  is
made,  in  whole or in part, in the form of Restricted Stock or Deferred  Stock,
the number of shares of Common Stock to be received upon such exercise equal  to
the  number of shares of Restricted Stock or Deferred Stock used for payment  of
the  option  exercise price shall be subject to the same forfeiture restrictions
or  deferral  limitations  to which such Restricted Stock  was  subject,  unless
otherwise determined by the Committee.

      In  the discretion of the Committee, payment for any shares subject  to  a
Stock  Option may also be made by delivering a properly executed exercise notice
to the Corporation, together with a copy of irrevocable instructions to a broker
to  deliver  promptly to the Corporation the amount of sale or loan proceeds  to
pay  the purchase price, and, if requested, by the amount of any federal, state,
local   or  foreign  withholding  taxes.   To  facilitate  the  foregoing,   the
Corporation  may enter into agreements for coordinated procedures  with  one  or
more brokerage firms.

      In  addition, in the discretion of the Committee, payment for  any  shares
subject  to  a  Stock Option may also be made by instructing  the  Committee  to
withhold  a  number of such shares having a Fair Market Value  on  the  date  of
exercise equal to the aggregate exercise price of such Stock Option.

      No  shares of Common Stock shall be issued until full payment therefor has
been  made.  Subject to any forfeiture restrictions or deferral limitations that
may  apply  if a Stock Option is exercised using Restricted Stock,  an  optionee
shall  have  all of the rights of a stockholder of the Corporation  holding  the
class or series of Common Stock that is subject to such Stock Option (including,
if applicable, the right to vote the shares and the right to receive dividends),
when  the  optionee has given written notice of exercise, has paid in  full  for
such  shares  and,  if  requested,  has given the  representation  described  in
Section 12(a).

     (e)  Nontransferability of Stock Options.  No Stock Option shall be
transferable by  the  optionee  other  than  (i) by will  or  by  the  laws  of
descent  and distribution;  or (ii) in the case of a Nonqualified Stock Option,
pursuant  to (a)  a qualified domestic relations order (as defined in the Code
or Title I  of the  Employee Retirement Income Security Act of 1974, as amended,
or the rules thereunder)  or  (b)  a gift to such optionee's children,  whether
directly  or indirectly  or  by  means of a trust or partnership or otherwise,
if  expressly permitted  under  the applicable option agreement.  All Stock
Options shall be exercisable,  during the optionee's lifetime, only by the
optionee or by the guardian  or  legal  representative  of the  optionee  or,
in the case of a Nonqualified  Stock  Option, its alternative payee pursuant  to
such qualified domestic  relations  order,  it being understood that  the  terms
"holder" and "optionee" include the

<PAGE>          9

guardian  and legal representative of the optionee named in the option agreement
and  any  person to whom an option is transferred by will or the laws of descent
and  distribution or, in the case of a Nonqualified Stock Option, pursuant to  a
qualified  domestic  relations order or a gift permitted  under  the  applicable
option agreement.

     (f)  Termination by Death.  Unless otherwise determined by the Committee,
if an optionee's  employment terminates by reason of death, any Stock Option
held by such optionee may thereafter be exercised, to the extent then
exercisable, or on such  accelerated basis as the Committee may determine, for a
period of one year (or such other period as the Committee may specify in the
option agreement) from the  date of such death or until the expiration of the
stated term of such Stock Option, whichever period is the shorter.

     (g)  Termination by Reason of Disability.  Unless otherwise determined by
the Committee, if an optionee's employment terminates by reason of Disability,
any Stock Option held by such optionee may thereafter be exercised by the
optionee, to  the  extent  it  was  exercisable at the time of  termination,  or
on such accelerated  basis as the Committee may determine, for a period of
three years (or such shorter period as the Committee may specify in the option
agreement) from the date of such termination of employment or until the
expiration of the stated term of such Stock Option, whichever period is the
shorter; provided however, that if the optionee dies within such period, any
unexercised Stock Option  held  by  such optionee shall, notwithstanding the
expiration of such period, continue to be exercisable to the extent to which it
was exercisable at the time of death for a period of 12 months from the date of
such death or until the expiration of the stated term of such Stock Option,
whichever period is the shorter.  In the event of termination of employment by
reason of Disability, if an Incentive Stock Option is exercised after the
expiration of the exercise periods  that  apply for purposes of Section 422 of
the Code, such Stock Option will thereafter be treated as a Nonqualified Stock
Option.

     (h)  Other Termination.  Unless otherwise determined by the Committee: (A)
If an optionee incurs a Termination of Employment for Cause, all Stock Options
held by such  optionee  shall  thereupon terminate; and (B)  If  an  optionee
incurs  a Termination  of  Employment  for  any reason other  than  death,
Disability  or Retirement  or for Cause, any Stock Option held by such optionee,
to the  extent then  exercisable, or on such accelerated basis as the Committee
may  determine, may  be  exercised  for  the  lesser of three  months  from  the
date  of  such Termination  of Employment or the balance of such Stock Option's
term;  provided however,  that  if  the  optionee  dies within such three-month
period,  any unexercised  Stock  Option  held  by such optionee  shall,
notwithstanding  the expiration of such three-month period, continue to be
exercisable to the  extent to which it was exercisable at the time of death for
a period of 12 months from

<PAGE>          10

the date of such death or until the expiration of the stated term of Termination
by  Reason of Retirement.  Unless otherwise determined by the Committee,  if  an
optionee's employment terminates by reason of Retirement, any Stock Option  held
by  such optionee may thereafter be exercised by the optionee, to the extent  it
was exercisable at the time of such Retirement, or on such accelerated basis  as
the  Committee may determine, for a period of five years (or such shorter period
as  the  Committee may specify in the option agreement) from the  date  of  such
termination  of employment or until the expiration of the stated  term  of  such
Stock  Option, whichever period is the shorter; provided however,  that  if  the
optionee  dies  within such period any unexercised Stock  Option  held  by  such
optionee shall, notwithstanding the expiration of such  period, continue  to  be
exercisable to the extent to which it was exercisable at the time of death for a
period  of 12 months from the date of such death or until the expiration of  the
stated term of such Stock Option, whichever period is the shorter.  In the event
of  termination  of  employment by reason of Retirement, if an  Incentive  Stock
Option is exercised after the expiration of the exercise periods that apply  for
purposes  of  Section  422  of the Code, such Stock Option  will  thereafter  be
treated as a Nonqualified Stock Option.

     (i) such Stock Option, whichever period is the shorter. Notwithstanding the
foregoing,  if  an optionee incurs a Termination of Employment  at  or  after  a
Change  in  Control (as defined Section 9(b)), other than by  reason  of  death,
Disability  or  Retirement,  any Stock Option held by  such  optionee  shall  be
exercisable for the lesser of (1) six months and one day from the date  of  such
Termination of Employment, and (2) the balance of such Stock Option's term.   In
the  event  of  Termination  of  Employment, if an  Incentive  Stock  Option  is
exercised  after the expiration of the exercise periods that apply for  purposes
of  Section 422 of the Code, such Stock Option will thereafter be treated  as  a
Nonqualified Stock Option.

     (j) Cashing Out of Stock Option.  On receipt of written notice of exercise,
the Committee may elect to cash out all or part of the portion of the shares  of
Common  Stock for which a Stock Option is being exercised by paying the optionee
an amount, in cash or Common Stock, equal to the excess of the Fair Market Value
of  the  Common Stock over the option price times the number of shares of Common
Stock for which the Option is being exercised on the effective date of such
cash-out.

      Cash-outs  pursuant  to  this Section 5(j) relating  to  Options  held  by
optionees  who  are  actually or potentially subject to  Section  16(b)  of  the
Exchange Act shall comply with the  "window period" provisions of Rule 16b-3, to
the  extent  applicable,  and, in the case of cash-outs  of  Nonqualified  Stock
Options  held  by such optionees, the Committee may determine Fair Market  Value
under the pricing rule set forth in Section 6(b)(ii)(2).

<PAGE>          11

     (k) Change in Control Cash-Out.  Notwithstanding any other provision of the
Plan, during the 60-day period from and after a Change in Control (the "Exercise
Period"),  unless the Committee shall determine otherwise at the time of  grant,
an  optionee  shall  have the right, whether or not the Stock  Option  is  fully
exercisable and in lieu of the payment of the exercise price for the  shares  of
Common Stock being purchased under the Stock Option and by giving notice to  the
Corporation, to elect (within the Exercise Period) to surrender all or  part  of
the  Stock Option to the Corporation and to receive cash, within 30 days of such
notice,  in  an amount equal to the amount by which the Change in Control  Price
per share of Common Stock on the date of such election shall exceed the exercise
price per share of Common Stock under the Stock Option (the "Spread") multiplied
by  the  number of shares of Common Stock granted under the Stock Option  as  to
which  the  right  granted under this Section 5(k) shall  have  been  exercised;
provided however, that if the Change in Control is within six months of the date
of  grant of a particular Stock Option held by an optionee who is an officer  or
director of the Corporation and is subject to Section 16(b) of the Exchange Act,
no  such  election  shall be made by such optionee with respect  to  such  Stock
Option prior to six months from the date of grant.  However, if the end of  such
60-day  period  from and after a Change in Control is within six months  of  the
date  of  grant  of  a Stock Option held by an optionee who  is  an  officer  or
director of the Corporation and is subject to Section 16(b) of the Exchange Act,
such  Stock  Option  shall be canceled in exchange for a  cash  payment  to  the
optionee, effected on the day which is six months and one day after the date  of
grant of such Option, equal to the Spread multiplied by the number of shares  of
Common Stock granted under the Stock Option.

Section 6.  Stock Appreciation Rights

     (a)   Grant  and  Exercise.  Stock Appreciation Rights may  be  granted  in
conjunction with all or part of any Stock Option granted under the Plan.  In the
case  of  a Nonqualified Stock Option, such rights may be granted either  at  or
after the time of grant of such Stock Option.  In the case of an Incentive Stock
Option,  such  rights  may be granted only at the time of grant  of  such  Stock
Option.  A Stock Appreciation Right shall terminate and no longer be exercisable
upon the termination or exercise of the related Stock Option.

      A  Stock  Appreciation Right may be exercised by an optionee in accordance
with  Section  6(b) by surrendering the applicable portion of the related  Stock
Option  in  accordance with procedures established by the Committee.  Upon  such
exercise  and  surrender, the optionee shall be entitled to  receive  an  amount
determined  in the manner prescribed in Section 6(b).  Stock Options which  have
been  so  surrendered shall no longer be exercisable to the extent  the  related
Stock Appreciation Rights have been exercised.

<PAGE>          12

     (b)  Terms and Conditions.  Stock Appreciation Rights shall be subject to
such terms and conditions as shall be determined by the Committee, including the
following:

          (i)   Stock Appreciation Rights shall be exercisable only at such time
     or  times and to the extent that the Stock Options to which they relate are
     exercisable in accordance with the provisions of Section 5 and this Section
     6;  provided  however,  that  a  Stock  Appreciation  Right  shall  not  be
     exercisable during the first six months of its term by an optionee  who  is
     actually  or  potentially subject to Section 16(b)  of  the  Exchange  Act,
     except  that  this  limitation shall not apply in the  event  of  death  or
     Disability of the optionee prior to the expiration of the six-month period.

          (ii)  Upon  the  exercise of a Stock Appreciation Right,  an  optionee
     shall  be entitled to receive an amount in cash, shares of Common Stock  or
     both equal in value to the excess of the Fair Market Value of one share  of
     Common Stock over the option price per share specified in the related Stock
     Option  multiplied by the number of shares in respect of  which  the  Stock
     Appreciation Right shall have been exercised, with the Committee having the
     right to determine the form of payment.

           In  the  case of Stock Appreciation Rights relating to Stock  Options
     held  by optionees who are actually or potentially subject to Section 16(b)
     of the Exchange Act, the Committee:

                     (1)   May  require that such Stock Appreciation  Rights  be
          exercised  for  cash  only in accordance with the  applicable  "window
          period" provisions of Rule 16b-3; and

                     (2)   In the case of Stock Appreciation Rights relating  to
          Nonqualified Stock Options, may provide that the amount to be paid  in
          cash  upon  exercise of such Stock Appreciation Rights during  a  Rule
          16b-3 "window period" shall be based on the highest of the daily means
          between  the  highest and lowest reported sales prices of  the  Common
          Stock  on  the  New  York Stock Exchange or other national  securities
          exchange  on  which the shares are listed or on NASDAQ, as applicable,
          on any day during such "window period."

          (iii)  Stock Appreciation Rights shall be transferable only to
     permitted transferees of the underlying Stock Option in accordance with
     Section 5(e).

          (iv) Upon the exercise of a Stock Appreciation Right, the Stock Option
     or part thereof to which such Stock Appreciation Right is related shall be
     deemed to have been exercised for the purpose of the limitation set forth
     in Section 3 on the number of shares of Common Stock to be

<PAGE>          13

     issued  under  the  Plan, but only to the extent of the  number  of  shares
     covered  by the Stock Appreciation Right at the time of exercise  based  on
     the value of the Stock Appreciation Right at such time.

Section 7.  Restricted Stock

     (a)  Administration.  Shares of Restricted Stock may be awarded either
alone or in addition to other Awards granted under the Plan. The Committee shall
determine  the  officers and employees to whom and the time or  times  at  which
grants  of Restricted Stock will be awarded, the number of shares to be  awarded
to  any  participant  (subject to the aggregate limit on  grants  to  individual
participants set forth in Section 3), the conditions for vesting,  the  time  or
times  within which such Awards may be subject to forfeiture and any other terms
and conditions of the Awards, in addition to those contained in Section 7(c).

      The  Committee may, prior to grant, condition vesting of Restricted  Stock
upon  the  attainment of Performance Goals.  The Committee may, in  addition  to
requiring  satisfaction  of  Performance  Goals,  condition  vesting  upon   the
continued service of the participant.  The provisions of Restricted Stock Awards
(including  the applicable Performance Goals) need not be the same with  respect
to each recipient.

     (b) Awards and Certificates. Shares of Restricted Stock shall be evidenced
in such manner as the Committee may deem appropriate, including book-entry
registration  or  issuance of one or more stock certificates.   Any  certificate
issued in respect of shares of Restricted Stock shall be registered in the  name
of such participant and shall bear an appropriate legend referring to the terms,
conditions,  and  restrictions applicable to such Award,  substantially  in  the
following form:

               "The transferability of this certificate and the shares
          of  stock  represented hereby are subject to the  terms  and
          conditions  (including  forfeiture)  of  the  Hecla   Mining
          Company  1995  Stock Incentive Plan and a  Restricted  Stock
          Agreement.  Copies of such Plan and Agreement are on file at
          the  offices  of  Hecla Mining Company, 6500 Mineral  Drive,
          Coeur d'Alene, Idaho 83814-8788."

The  Committee may require that the certificates evidencing such shares be  held
in  custody by the Corporation until the restrictions thereon shall have  lapsed
and that, as a condition of any Award of Restricted Stock, the participant shall
have  delivered a stock power, endorsed in blank, relating to the  Common  Stock
covered by such Award.

     (c)  Terms and Conditions.  Shares of Restricted Stock shall be subject to
the following terms and conditions:

<PAGE>          14

          (i)  Subject to the provisions of the Plan (including Section 5(d))
     and the Restricted Stock Agreement referred to in Section 7(c)(vi), during
     the period, if any, set by the Committee, commencing with the date of such
     Award for which such participant's continued service is required (the
     "Restriction Period"), and until the later of (i) the expiration of the
     Restriction Period and (ii) the date the applicable Performance Goals (if
     any) are satisfied, the participant shall not be permitted to sell, assign,
     transfer, pledge or otherwise encumber shares of Restricted Stock;
     provided, that the foregoing shall not prevent a participant from pledging
     Restricted Stock as security for a loan, the sole purpose of which is to
     provide funds to pay the option price for Stock Options.  Within these
     limits, the Committee may provide for the lapse of restrictions based upon
     period of service in installments or otherwise and may accelerate or
     waive, in whole or in part, restrictions based upon period of service or
     upon performance; provided however, that in the case of Restricted Stock
     subject to Performance  Goals granted to a participant who is a Covered
     Employee, the applicable Performance Goals have been satisfied.

        (ii)   Except as provided in this paragraph (ii) and Section 7(c)(i) and
     the Restricted Stock Agreement, the participant shall have, with respect to
     the  shares of Restricted Stock, all of the rights of a stockholder of  the
     Corporation holding the class or series of Common Stock that is the subject
     of  the  Restricted Stock, including, if applicable, the right to vote  the
     shares  and  the right to receive any cash dividends.  If so determined  by
     the  Committee in the applicable Restricted Stock Agreement and subject  to
     Section  13(f) of the Plan, (1) cash dividends on the class  or  series  of
     Common  Stock  that is the subject of the Restricted Stock Award  shall  be
     automatically deferred and reinvested in additional Restricted Stock,  held
     subject  to the vesting of the underlying Restricted Stock, or held subject
     to  meeting  Performance  Goals  applicable  only  to  dividends,  and  (2)
     dividends  payable in Common Stock shall be paid in the form of  Restricted
     Stock  of  the same class as the Common Stock with which such dividend  was
     paid,  held subject to vesting of the underlying Restricted Stock, or  held
     subject to meeting Performance Goals applicable only to dividends.

        (iii)    Except  to  the  extent otherwise provided  in  the  applicable
     Restricted  Stock Agreement and Sections 7(c)(i), 7(c)(iv)  and  10(a)(ii),
     upon  a  participant's Termination of Employment for any reason during  the
     Restriction  Period  or  before  the  applicable  Performance   Goals   are
     satisfied,  all shares still subject to restriction shall be  forfeited  by
     the participant.

<PAGE>          15

         (iv)   Except to the extent otherwise provided in Section 9(a)(ii),  in
     the  event  that a participant retires or such participant's employment  is
     involuntarily terminated (other than for Cause), the Committee  shall  have
     the  discretion  to  waive,  in whole or in  part,  any  or  all  remaining
     restrictions (other than, in the case of Restricted Stock with  respect  to
     which  a  participant is a Covered Employee, satisfaction of the applicable
     Performance  Goals  unless the participant's employment  is  terminated  by
     reason  of  death  or  Disability) with respect  to  any  or  all  of  such
     participant's shares of Restricted Stock.

          (v)    If and when any applicable Performance Goals are satisfied  and
     the Restriction Period expires without a prior forfeiture of the Restricted
     Stock,  unlegended certificates for such shares shall be delivered  to  the
     participant upon surrender of the legended certificates.

        (vi)   Each Award shall be confirmed by, and be subject to the terms of,
     a Restricted Stock Agreement.

Section 8.  Performance Units

      (a)  Administration.  Performance Units may be awarded either alone or  in
addition  to other Awards granted under the Plan.  The Committee shall determine
the  officers  and employees to whom and the time or times at which  Performance
Units  shall  be awarded, the number of Performance Units to be awarded  to  any
participant (subject to the aggregate limit on grants to individual participants
set forth in Section 3), the duration of the Award Cycle and any other terms and
conditions of the Award, in addition to those contained in Section 8(b).

      The  Committee may condition the settlement of Performance Units upon  the
continued  service of the participant, the attainment of Performance  Goals,  or
both.   The  provisions  of  such Awards (including the  applicable  Performance
Goals) need not be the same with respect to each recipient.

      (b)   Terms and Conditions.  Performance Units Awards shall be subject  to
the following terms and conditions:

           (i)   Subject to the provisions of the Plan and the Performance Units
     Agreement  referred to in Section 8(b)(vi), Performance Units  may  not  be
     sold,  assigned,  transferred, pledged or otherwise encumbered  during  the
     Award  Cycle.   At  the expiration of the Award Cycle, the Committee  shall
     evaluate  the  Corporation's performance in light of the Performance  Goals
     for such Award to the extent applicable, and shall determine the number  of
     Performance Units granted to the participant which have been earned and the
     Committee may then elect to deliver (1) a number of shares of Common  Stock
     equal  to  the  number of Performance Units determined by the Committee  to
     have been earned, or (2) cash equal to the Fair Market Value of such number
     of shares of Common Stock to the participant.
<PAGE>          16

          (ii)    Except  to  the extent otherwise provided  in  the  applicable
     Performance  Unit Agreement and Sections 8(b)(iii) and 10(a)(iii),  upon  a
     participant's  Termination of Employment for any reason  during  the  Award
     Cycle  or before any applicable Performance Goals are satisfied, the rights
     to  the  shares  still  covered by the Performance  Units  Award  shall  be
     forfeited by the participant.

         (iii)    Except to the extent otherwise provided in Section 10(a)(iii),
     in  the event that a participant's employment is terminated (other than for
     Cause), or in the event a participant retires, the Committee shall have the
     discretion  to  waive,  in whole or in part, any or all  remaining  payment
     limitations (other than, in the case of Performance Units with  respect  to
     which  a  participant is a Covered Employee, satisfaction of any applicable
     Performance  Goals  unless the participant's employment  is  terminated  by
     reason  of  death  or  Disability) with respect  to  any  or  all  of  such
     participant's Performance Units.

          (iv)    A  participant  may  elect to further  defer  receipt  of  the
     Performance  Units payable under an Award (or an installment of  an  Award)
     for a specified period or until a specified event, subject in each case  to
     the  Committee's  approval  and to such terms  as  are  determined  by  the
     Committee  (the  "Elective Deferral Period").  Subject  to  any  exceptions
     adopted  by  the Committee, such election must generally be made  prior  to
     commencement  of the Award Cycle for the Award (or for such installment  of
     an Award).

           (v)   If and when any applicable Performance Goals are satisfied  and
     the  Elective  Deferral Period expires without a prior  forfeiture  of  the
     Performance Units, payment in accordance with Section 8(b)(i) hereof  shall
     be made to the participant.

          (vi)    Each Award shall be confirmed by, and be subject to the  terms
     of, a Performance Unit Agreement.

Section 9.  Tax Offset Bonuses

      At  the  time  an  Award is made hereunder or at any time thereafter,  the
Committee may grant to the participant receiving such Award the right to receive
a cash bonus in an amount specified by the Committee, to be paid at such time or
times  (if ever) as the Award results in compensation income to the participant,
for the purpose of assisting the participant to pay the resulting taxes, all  as
determined  by  the  Committee and on such other terms  and  conditions  as  the
Committee shall determine.

Section 10.  Change in Control Provisions

      (a)  Impact of Event.  Notwithstanding any other provision of the Plan  to
the contrary, in the event of a Change in Control:

<PAGE>          17

         (i)   Any Stock Options and Stock Appreciation Rights outstanding as of
     the  date such Change in Control is determined to have occurred, and  which
     are  not  then  exercisable and vested, shall become fully exercisable  and
     vested to the full extent of the original grant; provided however, that, in
     the case of the holder of Stock Appreciation Rights who is actually subject
     to  Section 16(b) of the Exchange Act, such Stock Appreciation Rights shall
     have  been  outstanding for at least six months at the date such Change  in
     Control is determined to have occurred.

         (ii)    The  restrictions and deferral limitations  applicable  to  any
     Restricted  Stock shall lapse, and such Restricted Stock shall become  free
     of  all  restrictions and become fully vested and transferable to the  full
     extent of the original grant.

        (iii)    All  Performance Units shall be considered  to  be  earned  and
     payable in full, and any deferral or other restriction shall lapse and such
     Performance Units shall be settled in cash as promptly as is practicable.

      (b)  Definition of Change in Control.  For purposes of the Plan, a "Change
in Control" shall mean the happening of any of the following events:

          (i)    An  acquisition by any individual, entity or group (within  the
     meaning  of Section 13(d)(3) or 14(d)(2) of the Exchange Act) (a  "Person")
     of beneficial ownership (within the meaning of Rule 13d-3 promulgated under
     the  Exchange Act) of 20% or more of either (1) the then outstanding shares
     of  common  stock  of the Corporation (the "Outstanding Corporation  Common
     Stock")  or  (2)  the combined voting power of the then outstanding  voting
     securities of the Corporation entitled to vote generally in the election of
     directors  (the  "Outstanding  Corporation Voting  Securities");  excluding
     however, the following:  (1) Any acquisition directly from the Corporation,
     other  than  an  acquisition  by virtue of the  exercise  of  a  conversion
     privilege  unless  the  security  being so converted  was  itself  acquired
     directly from the Corporation, (2) Any acquisition by the Corporation,  (3)
     Any  acquisition by any employee benefit plan (or related trust)  sponsored
     or  maintained  by  the Corporation or any corporation  controlled  by  the
     Corporation  or  (4)  Any  acquisition by any  corporation  pursuant  to  a
     transaction  which  complies with clauses (1), (2) and  (3)  of  subsection
     (iii) of this Section 9(b); or

         (ii)    A  change  in  the  composition of  the  Board  such  that  the
     individuals who, as of the effective date of the Plan, constitute the Board
     (such  Board  shall  be hereinafter referred to as the  "Incumbent  Board")
     cease  for  any  reason  to constitute at least a majority  of  the  Board;
     provided however, for purposes of this Section 9(b), that any

<PAGE>          18

     individual  who becomes a member of the Board subsequent to  the  effective
     date  of  the  Plan,  whose election, or nomination  for  election  by  the
     Corporation's stockholders, was approved by a vote of at least  a  majority
     of those individuals who are members of the Board and who were also members
     of  the  Incumbent  Board (or deemed to be such pursuant to  this  proviso)
     shall  be  considered  as  though such individual  were  a  member  of  the
     Incumbent  Board;  but,  provided further, that any such  individual  whose
     initial  assumption  of office occurs as a result of either  an  actual  or
     threatened  election  contest (as such terms are used  in  Rule  14a-11  of
     Regulation  14A  promulgated under the Exchange Act)  or  other  actual  or
     threatened solicitation of proxies or consents by or on behalf of a  Person
     other  than  the  Board  shall not be so considered  as  a  member  of  the
     Incumbent Board; or

        (iii)    The  consummation by the stockholders of the Corporation  of  a
     reorganization, merger or consolidation or sale or other disposition of all
     or   substantially  all  of  the  assets  of  the  Corporation  ("Corporate
     Transaction") or, if consummation of such Corporate Transaction is subject,
     at  the  time  of  such approval by stockholders, to  the  consent  of  any
     government   or   governmental  agency,  obtaining  such  consent   (either
     explicitly  or  implicitly  by consummation);  excluding  however,  such  a
     Corporate Transaction pursuant to which (1) all or substantially all of the
     individuals  and  entities who are the beneficial owners, respectively,  of
     the Outstanding Corporation Common Stock and Outstanding Corporation Voting
     Securities   immediately   prior  to  such   Corporate   Transaction   will
     beneficially  own, directly or indirectly, more than 60% of,  respectively,
     the  outstanding shares of common stock, and the combined voting  power  of
     the  then outstanding voting securities entitled to vote generally  in  the
     election  of  directors, as the case may be, of the  corporation  resulting
     from   such   Corporate  Transaction  (including,  without  limitation,   a
     corporation  which as a result of such transaction owns the Corporation  or
     all  or  substantially all of the Corporation's assets either  directly  or
     through one or more subsidiaries) in substantially the same proportions  as
     their  ownership, immediately prior to such Corporate Transaction,  of  the
     Outstanding  Corporation  Common Stock and Outstanding  Corporation  Voting
     Securities,  as the case may be, (2) no Person (other than the Corporation,
     any  employee  benefit plan (or related trust) of the Corporation  or  such
     corporation  resulting from such Corporate Transaction)  will  beneficially
     own,  directly or indirectly, 20% or more of, respectively, the outstanding
     shares  of  common stock of the corporation resulting from  such  Corporate
     Transaction  or  the  combined  voting  power  of  the  outstanding  voting
     securities  of such corporation entitled to vote generally in the  election
     of  directors except to the extent that such ownership existed prior to the
     Corporate Transaction and (3) individuals who were members of the Incumbent
     Board will

<PAGE>          19

     constitute at least a majority of the members of the board of directors  of
     the corporation resulting from such Corporate Transaction; or

        (iv)   The approval by the stockholders of the Corporation of a complete
     liquidation or dissolution of the Corporation.

     (c)  Change in Control Price.  For purposes of the Plan, "Change in Control
Price" means the higher of (i) the highest reported sales price, regular way, of
a  share  of  Common  Stock in any transaction reported on the  New  York  Stock
Exchange  Composite  Tape or other national exchange on which  such  shares  are
listed or on NASDAQ during the 60-day period prior to and including the date  of
a  Change in Control or (ii) if the Change in Control is the result of a  tender
or  exchange  offer or a Corporate Transaction, the highest price per  share  of
Common  Stock  paid  in such tender or exchange offer or Corporate  Transaction;
provided however, that (x) in the case of a Stock Option which (A) is held by an
optionee  who  is an officer or director of the Corporation and  is  subject  to
Section  16(b) of the Exchange Act and (B) was granted within 240  days  of  the
Change in Control, then the Change in Control Price for such Stock Option  shall
be  the  Fair Market Value of the Common Stock on the date such Stock Option  is
exercised or deemed exercised and (y) in the case of Incentive Stock Options and
Stock  Appreciation Rights relating to Incentive Stock Options,  the  Change  in
Control Price shall be in all cases the Fair Market Value of the Common Stock on
the  date  such Incentive Stock Option or Stock Appreciation Right is exercised.
To  the  extent  that  the consideration paid in any such transaction  described
above consists all or in part of securities or other non-cash consideration, the
value  of such securities or other noncash consideration shall be determined  in
the sole discretion of the Board.

Section 11.  Term, Amendment and Termination

      The  Plan  will terminate 10 years after the effective date of  the  Plan.
Under  the  Plan, Awards outstanding as of such date shall not  be  affected  or
impaired by the termination of the Plan.

      The  Board  may amend, alter, or discontinue the Plan, but  no  amendment,
alteration or discontinuation shall be made which would (i) impair the rights of
an  optionee under a Stock Option or a recipient of a Stock Appreciation  Right,
Restricted Stock Award or Performance Unit Award theretofore granted without the
optionee's  or recipient's consent, except such an amendment made to  cause  the
Plan to qualify for the exemption provided by Rule 16b-3, or (ii) disqualify the
Plan  from the exemption provided by Rule 16b-3.  In addition, no such amendment
shall  be  made  without the approval of the Corporation's stockholders  to  the
extent such approval is required by law or agreement.

<PAGE>          20

      The  Committee  may  amend the terms of any Stock Option  or  other  Award
theretofore granted, prospectively or retroactively, but no such amendment shall
impair  the  rights of any holder without the holder's consent  except  such  an
amendment made to cause the Plan or Award to qualify for the exemption  provided
by Rule 16b-3.

      Subject  to the above provisions, the Board shall have authority to  amend
the  Plan  to take into account changes in law and tax and accounting rules,  as
well  as  other  developments and to grant Awards which qualify  for  beneficial
treatment under such rules without stockholder approval.

Section 12.  Unfunded Status of Plan

      It  is presently intended that the Plan constitute an "unfunded" plan  for
incentive  and deferred compensation.  The Committee may authorize the  creation
of  trusts or other arrangements to meet the obligations created under the  Plan
to  deliver  Common Stock or make payments; provided however, that,  unless  the
Committee  otherwise  determines,  the  existence  of  such  trusts   or   other
arrangements is consistent with the "unfunded" status of the Plan.

Section 13.  General Provisions

      (a)   The Committee may require each person purchasing or receiving shares
pursuant  to an Award to represent to and agree with the Corporation in  writing
that  such  person  is acquiring the shares without a view to  the  distribution
thereof.   The  certificates for such shares may include any  legend  which  the
Committee deems appropriate to reflect any restrictions on transfer.

     Notwithstanding any other provision of the Plan or agreements made pursuant
thereto,  the  Corporation  shall  not be  required  to  issue  or  deliver  any
certificate or certificates for shares of Common Stock under the Plan  prior  to
fulfillment of all of the following conditions:

           (1)  Listing or approval for listing upon notice of issuance, of such
     shares  on  the  New  York Stock Exchange, Inc., or such  other  securities
     exchange as may at the time be the principal market for the Common Stock;

           (2)   Any registration or other qualification of such shares  of  the
     Corporation under any state or federal law or regulation, or maintaining in
     effect  any  such registration or other qualification which  the  Committee
     shall,  in  its  absolute  discretion upon  the  advice  of  counsel,  deem
     necessary or advisable; and

<PAGE>          21

           (3)   Obtaining any other consent, approval, or permit from any state
     or  federal governmental agency which the Committee shall, in its  absolute
     discretion after receiving the advice of counsel, determine to be necessary
     or advisable.

      (b)   Nothing contained in the Plan shall prevent the Corporation  or  any
subsidiary   or  Affiliate  from  adopting  other  or  additional   compensation
arrangements for its employees.

      (c)  Adoption of the Plan shall not confer upon any employee any right  to
continued  employment, nor shall it interfere in any way with the right  of  the
Corporation  or any subsidiary or Affiliate to terminate the employment  of  any
employee at any time.

      (d)  No later than the date as of which an amount first becomes includible
in  the  gross  income of the participant for federal income tax  purposes  with
respect  to  any  Award  under  the  Plan, the  participant  shall  pay  to  the
Corporation, or make arrangements satisfactory to the Corporation regarding  the
payment  of, any federal, state, local or foreign taxes of any kind required  by
law to be withheld with respect to such amount.  Unless otherwise determined  by
the  Corporation,  withholding obligations may be  settled  with  Common  Stock,
including  Common  Stock  that  is part of the Award  that  gives  rise  to  the
withholding  requirement.   The obligations of the Corporation  under  the  Plan
shall  be  conditional on such payment or arrangements, and the Corporation  and
its  Affiliates shall, to the extent permitted by law, have the right to  deduct
any such taxes from any payment otherwise due to the participant.  The Committee
may  establish  such  procedures  as  it  deems  appropriate,  including  making
irrevocable elections, for the settlement of withholding obligations with Common
Stock.

      (e)   Reinvestment of dividends in additional Restricted Stock at the time
of any dividend payment shall only be permissible if sufficient shares of Common
Stock  are available under Section 3 for such reinvestment (taking into  account
then outstanding Stock Options and other Awards).

      (f)  The Committee 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 or by whom any rights  of  the
participant, after the participant's death, may be exercised.

      (g)   In  the case of a grant of an Award to any employee of a Corporation
subsidiary, the Corporation may, if the Committee so directs, issue or  transfer
the  shares of Common Stock, if any, covered by the Award to the subsidiary, for
such  lawful  consideration as the Committee may specify, upon the condition  or
understanding  that the subsidiary will transfer the shares of Common  Stock  to
the  employee  in  accordance  with the terms of  the  Award  specified  by  the
Committee pursuant to the provisions of the Plan.
<PAGE>          22

      (h)   Notwithstanding the foregoing, if any right granted pursuant to this
Plan  would  make  a  Change in Control transaction ineligible  for  pooling-of-
interests  accounting  under APB No. 16 that but for the nature  of  such  grant
would  otherwise be eligible for such accounting treatment, the Committee  shall
have  the  ability  to substitute for the cash payable pursuant  to  such  grant
Common Stock with a Fair Market Value equal to the cash that would otherwise  be
payable hereunder.

      (i)   The  Plan and all Awards made and actions taken thereunder shall  be
governed  by and construed in accordance with the laws of the State of Delaware,
without reference to principles of conflict of laws.

Section 14.  Effective Date of Plan

      The  Plan shall be effective as of the date it is approved by at  least  a
majority of the outstanding shares of Common Stock of the Corporation.

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