Document:

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                                                                    EXHIBIT 10.1

                                SECOND AMENDMENT
                                       TO
                            PARENT COMPANY AGREEMENT

         This Second Amendment to Parent Company Agreement (this "Amendment"),
dated as of August 3 4, 2000, is entered into by and among Phillips Petroleum
Company, a Delaware corporation ("Phillips"), Duke Energy Corporation, a North
Carolina corporation ("Duke"), Duke Energy Field Services, LLC, a Delaware
limited liability company (the "Company"), and Duke Energy Field Services
Corporation, a Delaware corporation ("DEFS").

         WHEREAS, reference is made to that certain Parent Company Agreement by
and among Phillips, Duke, the Company and DEFS dated as of March 31, 2000, as
amended by the First Amendment to Parent Company Agreement dated as of May 25,
2000 (as so amended, the "Parent Company Agreement"); and

         WHEREAS, Phillips, Duke, the Company and DEFS desire to amend the
Parent Company Agreement;

         NOW, THEREFORE, for and in consideration of the mutual benefits to be
derived from this Amendment, and intending to be legally bound hereby, the
parties hereto hereby agree as follows:

         Section 1. AMENDMENTS TO PARENT COMPANY AGREEMENT. The Parent Company
Agreement is hereby amended as follows:

                  (a) The definition of "Average Market Price" in Section 1.1 of
         the Parent Company Agreement and in Exhibit C ("Terms of PGCSI Parent
         Rights") and Exhibit D ("Terms of DENG Rights") to Exhibit A
         ("Agreement of Merger of Phillips Gas Company Shareholder, Inc. with
         and into Duke Energy Field Services Corporation", also referred to
         herein as the "Merger Agreement") to the Parent Company Agreement is
         hereby amended in each instance by deleting the remainder of such
         definition after the phrase "(exclusive of the pricing day)" and
         substituting therefor the following:

                  "; provided, that (x) if the IPO Price is greater than or
                  equal to 116.6% of the Phillips 20% Price, the Average Market
                  Price shall not be below 95% of the IPO Price or in excess of
                  105% of the IPO Price, and (y) if the IPO Price is less than
                  116.6% of the Phillips 20% Price, the Average Market Price
                  shall be equal to the IPO Price. "IPO Price" shall mean the
                  public offering price per share of the Corporation Common
                  Stock in the IPO. "Phillips 20% Price" shall mean the Average
                  Market Price at which Phillips would own 20% of the
                  Corporation Common Stock after the IPO in accordance with the
                  ownership adjustment formula provided for herein (without
                  regard to the proviso in this definition and assuming that all
                  of the underwriters' over-allotment is exercised)."

                  (b) The definition of "Two Year Period" in Section 1.1 of the
         Parent Company Agreement is hereby amended by (1) inserting the phrase
         "one Business Day following" at

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         the beginning of clause (b) prior to the words "the date" and (2)
         inserting the phrase "and receipt by the Corporation of the proceeds
         thereof" at the end of clause (b) prior to the period.

                  (c) Section 1.1 of the Parent Company Agreement is hereby
         amended by inserting the following definitions in appropriate place in
         alphabetical order:

                  "DEFS Investment" shall mean Duke Energy Field Services
         Investment Corp., a Delaware corporation.

                  "Phillips Investment" shall mean Phillips Gas Investment
         Company, a Delaware corporation.

                  "Preferred Interests" shall have the meaning set forth in the
         LLC Agreement.

                  "Preferred Member" shall have the meaning set forth in the LLC
         Agreement.

                  (d) Section 4.1 of the Parent Company Agreement is hereby
         amended by: (1) inserting the phrase "(other than the Preferred
         Members)" after the word "Members" in clause (i) of the first sentence
         and (2) inserting ", Section 6.4(b)" after the words "Section 6.3" in
         clause (a) of the second sentence.

                  (e) Section 4.2 of the Parent Company Agreement is hereby
         amended by: (1) inserting "(and any other Company indebtedness)" after
         the word "Financing" in clause (c) thereof and inserting "(other than
         the Preferred Members)" after the word "Members" in clause (c) thereof;
         (2) inserting the phrase "(other than the Preferred Members)" after the
         words "Duke, Phillips, the Members" in clause (e); (3) deleting the
         word "and" immediately prior to clause (f); and (4) inserting the
         following at the end of such Section (prior to the period):

                  "; and (g) the allocation under Regulation Section
                  1.752-3(a)(3) of no Company liabilities to any of the
                  Preferred Members."

                  (f) Section 4.4 of the Parent Company Agreement is hereby
         amended by: (1) inserting the phrase "or are used to repay, redeem or
         make payments on the Preferred Interests" after the words "debt owed by
         the Company or any of its Subsidiaries" and (2) inserting the phrase
         "(other than the Preferred Members)" after the words "equity interest
         holders".

                  (g) Article V of the Parent Company Agreement is hereby
         amended by adding at the end of such Article the following new Section:

                      "Section 5.3 Transfer of Preferred Interests in the
         Company. (a) Prior to the Preferred Mandatory Redemption Date (as
         defined in the LLC Agreement), (i) Duke (x) shall not permit any
         transfer of the direct or indirect ownership interests of DEFS
         Investment to occur if such transfer results in a downgrade in the
         Company's investment rating and (y)

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         shall not permit any transfer of less than all of the direct or
         indirect ownership interests of DEFS Investments in any event and (ii)
         Phillips (x) shall not permit any transfer of the direct or indirect
         ownership interests of Phillips Investment to occur if such transfer
         results in a downgrade in the Company's investment rating and (y) shall
         not permit any transfer of less than all of the direct or indirect
         ownership interests of Phillips Investments in any event.

                           (b) In connection with any direct or indirect
         transfer of ownership interests of DEFS Investment or Phillips
         Investment, neither Duke nor Phillips shall enter into any agreement or
         understanding (nor shall it permit any of its Affiliates to enter into
         any agreement or understanding) with any other Person that would
         require Duke or Phillips or any of their Affiliates to act at the
         direction of, or obtain the consent or approval of, any other Person in
         connection with the general exercise by Duke or Phillips of its right
         to consent to an amendment to the LLC Agreement with respect to the
         matters provided in the parenthetical in the first sentence of each of
         Section 10.7 of the LLC Agreement and Section 3.6 of the First
         Amendment to Amended and Restated Limited Liability Company Agreement
         of Duke Energy Field Services, LLC, dated as of August 4, 2000. 2000."

                  (h) The definition of "Corporation Interest" in Section 1.1 of
         Exhibit B (the "Shareholders' Agreement") to the Parent Company
         Agreement is hereby amended by adding at the end of such definition the
         following:

                  "; provided, that, for purposes of Section 2.1 only, (a) so
                  long as Phillips' Total Corporation Interest equals or exceeds
                  20%, if Phillips' Corporation Interest is less than 20%, then
                  Phillips' Corporation Interest shall be deemed to be 20%, (b)
                  so long as Duke's Total Corporation Interest equals or exceeds
                  30%, if Duke's Corporation Interest is less than 30%, then
                  Duke's Corporation Interest shall be deemed to be 30%, (c)
                  once Duke's Total Corporation Interest falls below 30%, so
                  long as Duke's Total Corporation Interest equals or exceeds
                  20%, if Duke's Corporation Interest is less than 20%, then
                  Duke's Corporation Interest shall be deemed to be 20%, and (d)
                  during any Static Period for a party, such party's Total
                  Corporation Interest and Corporation Interest shall each be
                  deemed to be the same as it was (or, pursuant to the preceding
                  clauses of this proviso, was deemed to be) at the beginning of
                  such Static Period. "Static Period" shall mean, with respect
                  to a party, any period during which such party is prohibited
                  from acquiring Corporation Common Stock (whether due to U.S.
                  securities laws, court injunction or governmental order
                  (except an injunction or order which permanently prohibits the
                  acquisition of Corporation Common Stock by such party, which
                  injunction or order has become final and unappealable), an
                  event which prevents public trading in Corporation Common
                  Stock, or otherwise (except any prohibition on the acquisition
                  of Corporation Common Stock agreed to by such party in an
                  agreement)), plus 30 Business Days thereafter."

                  (i) Section 5.1(a) of the Shareholders' Agreement, which is
         Exhibit B to the Parent Company Agreement, is hereby amended by adding
         at the end of such Section the following:

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                  "For purposes of this Section, during any Static Period for
                  Duke or Phillips, such party shall be deemed to own the same
                  percentage, directly or indirectly, of all outstanding Common
                  Stock that such party owned at the beginning of such Static
                  Period. "Static Period" shall mean, with respect to a party,
                  any period during which such party is prohibited from
                  acquiring Corporation Common Stock (whether due to U.S.
                  securities laws, court injunction or governmental order
                  (except an injunction or order which permanently prohibits the
                  acquisition of Corporation Common Stock by such party, which
                  injunction or order has become final and unappealable), an
                  event which prevents public trading in Corporation Common
                  Stock, or otherwise (except any prohibition on the acquisition
                  of Corporation Common Stock agreed to by such party in an
                  agreement)), plus 30 Business Days thereafter."

                  (j) Article X of Exhibit A ("Amended and Restated Certificate
         of Incorporation") to the Merger Agreement, which is Exhibit A to the
         Parent Company Agreement, is hereby amended by adding at the end of
         such Article the following:

                  "For purposes of this Article, during any Static Period for
                  Duke or Phillips, such party shall be deemed to own the same
                  percentage, directly or indirectly, of all outstanding Common
                  Stock that such party owned at the beginning of such Static.
                  "Static Period" shall mean, with respect to a party, any
                  period during which such party is prohibited from acquiring
                  Corporation Common Stock (whether due to U.S. securities laws,
                  court injunction or governmental order (except an injunction
                  or order which permanently prohibits the acquisition of
                  Corporation Common Stock by such party, which injunction or
                  order has become final and unappealable), an event which
                  prevents public trading in Corporation Common Stock, or
                  otherwise (except any prohibition on the acquisition of
                  Corporation Common Stock agreed to by such party in an
                  agreement)), plus 30 Business Days thereafter."

                  (k) Sections 3.1 and 3.10(a) of Exhibit B (the "Amended and
         Restated Bylaws") to the Merger Agreement, which is Exhibit A to the
         Parent Company Agreement, is hereby amended by adding at the end of
         each of such Sections the following:

                  "For purposes of this Section, during any Static Period for
                  Duke or Phillips, such party shall be deemed to own the same
                  percentage, directly or indirectly, of all outstanding Common
                  Stock that such party owned at the beginning of such Static
                  Period. "Static Period" shall mean, with respect to a party,
                  any period during which such party is prohibited from
                  acquiring Corporation Common Stock (whether due to U.S.
                  securities laws, court injunction or governmental order
                  (except an injunction or order which permanently prohibits the
                  acquisition of Corporation Common Stock by such party, which
                  injunction or order has become final and unappealable), an
                  event which prevents public trading in Corporation Common
                  Stock, or otherwise (except any prohibition on the acquisition
                  of Corporation Common Stock agreed to by such party in an
                  agreement)), plus 30 Business Days thereafter."

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                  (l) Article VIII of the Amended and Restated Bylaws, which is
         Exhibit B to the Merger Agreement, which is Exhibit A to the Parent
         Company Agreement is hereby amended by adding at the end of each of
         such Article the following:

                  "For purposes of this Article, during any Static Period for
                  Duke or Phillips, such party shall be deemed to own the same
                  percentage, directly or indirectly, of all outstanding Common
                  Stock that such party owned at the beginning of such Static
                  Period. "Static Period" shall mean, with respect to a party,
                  any period during which such party is prohibited from
                  acquiring Corporation Common Stock (whether due to U.S.
                  securities laws, court injunction or governmental order
                  (except an injunction or order which permanently prohibits the
                  acquisition of Corporation Common Stock by such party, which
                  injunction or order has become final and unappealable), an
                  event which prevents public trading in Corporation Common
                  Stock, or otherwise (except any prohibition on the acquisition
                  of Corporation Common Stock agreed to by such party in an
                  agreement)), plus 30 Business Days thereafter."

                  (m) The second Recital of the Parent Company Agreement is
         amended by inserting the phrase ", as amended" after the words "the
         date hereof".

         Section 2. MISCELLANEOUS.

                  (a) Counterparts. This Amendment may be executed in one or
         more counterparts, all of which shall be considered one and the same
         agreement, and shall become effective when one or more counterparts
         have been signed by each of the parties hereto and delivered (including
         by facsimile) to the other party.

                  (b) Incorporation. The provisions of Sections 8.2 through 8.12
         of the Parent Company Agreement are hereby incorporated herein and
         shall be deemed to include and/or apply to this Amendment, as
         appropriate.

                  (c) Ratification. Except as amended hereby, the Parent Company
         Agreement shall remain in full force and effect as previously executed
         by the parties, and the parties hereby ratify the Parent Company
         Agreement as amended hereby.

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         IN WITNESS WHEREOF, each of the undersigned, intending to be legally
bound, has caused this Amendment to be duly executed and delivered on the date
first set forth above.

                                       PHILLIPS PETROLEUM COMPANY

                                       By: /s/ J.W. SHEETS
                                          --------------------------------------
                                       Name: J.W. Sheets
                                            ------------------------------------
                                       Title: Assistant Treasurer
                                              ----------------------------------

                                       DUKE ENERGY CORPORATION

                                       By: /s/ DAVID L. HAUSER
                                          --------------------------------------
                                       Name: David L. Hauser
                                            ------------------------------------
                                       Title: Senior Vice President
                                              and Treasurer
                                              ----------------------------------

                                       DUKE ENERGY FIELD SERVICES, LLC

                                       By: /s/ JIM W. MOGG
                                          --------------------------------------
                                       Name: Jim W. Mogg
                                            ------------------------------------
                                       Title: Chairman of the Board, President
                                              and Chief Executive Officer
                                              ----------------------------------

                                       DUKE ENERGY FIELD SERVICES CORPORATION

                                       By: /s/ JIM W. MOGG
                                          --------------------------------------
                                       Name: Jim W. Mogg
                                            ------------------------------------
                                       Title: Chairman of the Board, President
                                              and Chief Executive Officer
                                              ----------------------------------

                                       6<PAGE>

                                                                     Exhibit 4.1

                            ARMSTRONG HOLDINGS, INC.
                            ------------------------
                                STOCK AWARD PLAN
                                ----------------

1.  Purpose

          The purpose of the Plan is to enable the Company to promote the long-
term, continuing success of the Company by providing a portion of the
compensation for officers, directors and key employees in shares of Common Stock
pursuant to the terms of the Plan.  The Plan is designed to:  (i) encourage
stock ownership by Participants to further align their interest in increasing
the value of the Company; and (ii) to assist in the attraction and retention of
officers, directors and key employees vital to the Company's success.

2.  Administration

          The Plan shall be administered by the Committee; provided, however,
that the Board shall administer the Plan as it relates to the terms, conditions
and grant of awards to non-employee directors.  The Committee shall have
responsibility to interpret conclusively provisions of the Plan and to decide
all questions of fact arising in its application.  Determinations made with
respect to any individual Participant shall be made without participation by
that Participant in such determination.  All determinations by the Committee
shall be final and binding.

3.  Participants

          Participation in the Plan shall be limited to officers, who may also
be members of the Board, and other key employees of the Company and its
subsidiaries, and directors who are not employees.

4.  Shares Subject to Plan

          Up to 750,000 issued shares of Common Stock reacquired by the Company
and held in treasury may be used in this Plan.  The number of shares reserved
pursuant to this Section 4 shall be subject to adjustment as provided in Section
8.2 of the Plan.  No fractional shares shall be issued under the Plan.  In the
event any shares issued pursuant to an Award under the Plan are forfeited for
any reason, such shares shall again be available for issuance pursuant to other
Awards under the Plan.  Furthermore, shares of Common Stock that are tendered or
withheld in satisfaction of tax withholding obligations arising from any award
shall be available for issuance under the Plan.
<PAGE>

5.  Awards

          The Committee may grant Restricted Stock Awards to officers and key
employees of the Company subject to such terms and conditions as the Committee
shall determine, provided that each Restricted Stock Award shall be subject to a
Restriction Period.  The Committee may also grant Stock Awards.  Restricted
Stock Awards and Stock Awards shall be used for the purposes of recruitment,
recognition and retention of officers, directors and key employees vital to the
Company's success and may be issued independent of or in lieu of other
compensation payable to a Participant.  The Committee may, in its sole
discretion, require a Participant to deliver consideration in form of services
or cash as a condition to the grant of a Restricted Stock Award or Stock Award.

6.  Terms of the Awards

    6.1  Restricted Stock Award and Stock Award Agreements

          Each Restricted Stock Award shall be evidenced by a written agreement
between the Company and the Participant to whom such award is granted.  A Stock
Award will be evidenced by a written agreement in the event that the Committee
determines that an agreement is appropriate.  The agreement shall specify the
number of shares awarded, the terms and conditions of the award and, in the case
of a Restricted Stock Award, the Restriction Period and the consequences of
forfeiture.

    6.2  Awards and Certificates

          Shares of Common Stock awarded pursuant to a Restricted Stock Award or
a Stock Award shall be registered in the name of the Participant.  Certificates
evidencing Restricted Stock Awards shall be held in custody by the Company or
the Company shall maintain a book entry account until the restrictions thereon
are no longer in effect.  After the lapse or waiver of the restrictions imposed
upon the Restricted Stock Award, the Company shall deliver in the Participant's
name one or more stock certificates, free of restrictions, evidencing the shares
of Common Stock subject to the Restricted Stock Award to which the restrictions
have lapsed or been waived.

    6.3  Restriction Period

          At the time a Restricted Stock Award is made, the Committee shall
establish a period of time (the "Restriction Period") applicable to such award
during which the shares of restricted stock are subject to the risk of
forfeiture and the Participant shall not be permitted to sell, assign, transfer,
pledge, or otherwise dispose of such shares during the period when such
restrictions are in place.  The Committee may provide for the lapse of such
restrictions in installments and may accelerate or waive such restrictions, in
whole or in part, based on service and such other factors as the Committee may
determine.
<PAGE>

     6.4  Other Terms and Conditions of Restricted Stock Awards

          Shares of Common Stock subject to Restricted Stock Awards shall be
subject to the following terms and conditions:

          (a)  Except as otherwise provided in the Plan or in the Restricted
               Stock Award agreement, the Participant shall have all the rights
               of a shareholder of the Company, including the right to vote the
               shares.

          (b)  The Committee, in its sole discretion, shall establish the method
               of distribution of cash dividends paid with respect to Common
               Stock subject to a Restricted Stock Award by directing that the
               Company either:

                 (i)  reinvest the cash dividends to purchase additional shares
                      of Common Stock that shall be subject to the same terms,
                      conditions and restrictions that apply to the Restricted
                      Stock Award with respect to which such dividends were
                      issued; or

                 (ii) issue a cash payment in an amount equal to the cash
                      dividends declared on the Restricted Stock Award.

          (c)  Except as otherwise provided in the Plan or in the Restricted
               Stock Award agreement, upon termination of a Participant's
               employment, all shares subject to restriction shall be forfeited
               by the Participant.

    6.5  Termination of Employment

          (a)  In the event a Participant terminates employment during the
               Restriction Period by reason of death or Disability, restrictions
               shall lapse on all shares subject to restriction at the time of
               such termination.

          (b)  In the event a Participant terminates employment during the
               Restriction Period by reason of Retirement, restrictions shall
               lapse on a proportion of any shares subject to restriction at the
               time of such Retirement. Any applicable Restriction Period shall
               continue in effect, but in no event beyond the end of the three-
               year period following the Participant's Retirement. The number of
               shares upon which the restrictions shall lapse shall be prorated
               for the number of months of employment during the Restriction
               Period prior to the Participant's termination of employment.

          (c)  If a Participant terminates employment for any reason other than
               death, Disability, or Retirement, the Participant shall forfeit
               all shares subject to restriction.

          (d)  Notwithstanding Sections 6.5(a), 6.5(b), and 6.5(c), in the event
               a Participant's employment is terminated under special
               circumstances, the
<PAGE>

               Committee may, in its sole discretion, waive in whole or in part
               any or all remaining restrictions.

    6.6  Change in Control Provisions

         In the event of any Change in Control, all restrictions applicable to
any outstanding Restricted Stock Award shall lapse as of the date of such Change
in Control.

7.  Tax Withholding and Deferral of Payment

    7.1  Tax Withholding

         (a)  The Company may withhold from any payment of Common Stock to a
              Participant or other person pursuant to the Plan an amount
              sufficient to satisfy any required withholding taxes, including
              the Participant's Social Security and Medicare taxes and federal,
              state and local income tax with respect to income arising from the
              payment of a Restricted Stock Award or a Stock Award. The Company
              shall have the right to require the payment of any such taxes
              before issuing Common Stock pursuant to the award.

         (b)  At the discretion of the Committee, share tax withholding may be
              included as a term of any grant of an award.

         (c)  Share tax withholding shall entitle the Participant to elect in
              advance of the end of the Restriction Period to satisfy, in whole
              or in part, any tax withholding obligations in connection with the
              issuance of shares of Common Stock earned under the Plan by
              requesting that the Company either:

              (i)  withhold shares of Common Stock otherwise issuable to the
                   Participant; or

              (ii) accept delivery of shares of Common Stock previously owned by
                   the Participant.

              In either case, the Fair Market Value of such shares of Common
              Stock will generally be determined on the date following the
              Restriction Period.

         (d)  Notwithstanding any other provision hereof to the contrary, the
              Committee, in its sole discretion may at any time suspend,
              terminate, or disallow any or all entitlements to share tax
              withholding previously granted or extended to any Participant.
<PAGE>

    7.2  Deferral of Payment

          At the discretion of the Committee, a Participant may be offered the
right to defer the receipt of all or any portion of the Common Stock
distributable to such Participant with respect to Restricted Stock Awards.  Such
right shall be exercised by execution of a written agreement by the Participant
prior to the expiration of the applicable Restriction Period.  Upon any such
deferral, the number of shares of Common Stock subject to the deferral shall be
converted to stock units and a stock unit account shall be maintained by the
Company on behalf of the Participant.  Such stock units shall represent only a
contractual right and shall not represent any interest in or title to Common
Stock.  Such units shall earn dividend equivalents.  All other terms and
conditions of deferred payments shall be as contained in said written agreement.

8.  General Provisions

    8.1  Definitions

          The capitalized terms as used in the Plan shall have the meaning set
forth in this Section 8.1.

          (a)  Board - The Board of Directors of the Company.

          (b)  Change in Control - A situation where (i) any "person" acquires
               "beneficial ownership" of 28% or more of the then outstanding
               "voting stock" of the Company and within five years thereafter
               "disinterested directors" no longer constitute at least a
               majority of the Board or (ii) a "business combination" with an
               "interested shareholder" occurs which has not been approved by a
               majority of "disinterested directors." For the purpose of this
               subsection, the terms "person," "beneficial ownership," "voting
               stock," "disinterested director," "business combination," and
               "interested shareholder" shall have the meaning given to them in
               Article 7 of the Company's Articles of Incorporation.

          (c)  Code - Internal Revenue Code of 1986, as amended, including any
               successor law thereto.

          (d)  Committee - The Management Development and Compensation Committee
               of the Board or the full Board, as the case may be.

          (e)  Common Stock - Common Stock of the Company of the par value of
               $1.00 per share.

          (f)  Company - Armstrong Holdings, Inc., including any successor
               thereof.
<PAGE>

          (g)  Disability - Total and permanent disability within the meanings
               of Section 22(e)(3) of the Code.

          (h)  Participant - Any officer, director or key employee who has met
               the eligibility requirements set forth in Section 3 hereof and to
               whom a grant has been made and is outstanding under the Plan.

          (i)  Plan - This Restricted Stock Plan.

          (j)  Restriction Period - The period of time during which shares
               issued pursuant to an Award are subject to forfeiture pursuant to
               the Plan and an Award agreement and during which the Participant
               shall not be permitted to sell, assign, transfer, pledge, or
               otherwise dispose of such shares.

          (k)  Restricted Stock Award - The award of Common Stock granted to a
               Participant which is subject to a Restriction Period.

          (l)  Retirement - Termination from employment with the Company after
               the Participant has attained age 55 and has completed five years
               of service with the Company or termination of employment under
               circumstances which the Committee deems equivalent to retirement.

          (m)  Stock Award - The award of Common Stock granted to a Participant
               which is not subject to a Restriction Period.

    8.2  Adjustment in Number of Shares

          The number of shares of Common Stock specified in Section 4 to be
reserved for the purposes of the Plan and the number of shares subject to awards
under the Plan shall be adjusted by the Committee at such time and in such
manner as the Committee, in its discretion, may determine to be appropriate to
give effect to any subdivision or combination of the outstanding shares of
Common Stock into a greater or lesser number of shares, stock dividend,
reclassification of shares, reorganization, merger, consolidation, exchange of
shares, change in par value, or other change in the capitalization.

    8.3  No Right to Employment

          Nothing contained in the Plan, nor in any award pursuant to the Plan,
shall confer upon any Participant any right with respect to continuance of
employment by the Company or its subsidiaries (including with respect to
continuance of any officer position [or directorship]), nor interfere in any way
with the right of the Company or its subsidiaries to terminate the employment or
change the compensation of any employee at any time.
<PAGE>

    8.4  Nontransferability

          A Participant's rights under the Plan, including the right to any
shares or amounts payable, may not be assigned, pledged, or otherwise
transferred except, in the event of a Participant's death, to the Participant's
designated beneficiary or, in the absence of such a designation, by will or by
the laws of descent and distribution.

    8.5  Compliance with Government Regulations

         (a)  The Company shall not be required to issue or deliver shares upon
              any Award granted under the Plan prior to complying with the
              requirements of any governmental authority in connection with the
              authorization, issuance, or sale of such shares.

         (b)  The Plan shall be construed and its provisions enforced and
              administered in accordance with the laws of the Commonwealth of
              Pennsylvania applicable to contracts entered into and performed
              entirely in such State.

    8.6  Rights as a Shareholder

         Except as provided in Section 6.4 hereof, the recipient of any Award
under the Plan shall have no rights as a shareholder with respect thereto unless
and until certificates for shares of Common Stock are issued to such recipient
or such shares are represented by book entry in the name of such recipient.

    8.7  Termination of Employment - Certain Forfeitures

         Notwithstanding any other provision of the Plan (other than provisions
regarding Change in Control, which shall apply in all events) and except for
Restricted Stock Awards which would otherwise be free of restrictions and the
receipt of which has been deferred pursuant to Section 7.2, a Participant shall
have no right to receive payment of any Restricted Stock Award or Stock Award
if:  (i) the Participant is discharged for willful, deliberate, or gross
misconduct as determined by the Committee in its sole discretion; or (ii) if
within a period of three years following the Participant's termination of
employment with the Company , the Participant engages in any business or enters
into any employment which the Committee in its sole discretion determines to be
either directly or indirectly competitive with the business of the Company or
substantially injurious to the Company's financial interest (the occurrence of
an event described above in (i) or (ii) of this Section 8.7 shall be referred to
herein as "Injurious Conduct").  Furthermore, notwithstanding any other
provision of the Plan to the contrary, in the event that a Participant receives
or is entitled to the delivery or vesting of Common Stock pursuant to a
Restricted Stock Award or a Stock Award during the 12 month period prior to the
Participant's termination of employment with the Company or during the 24 months
following the Participant's termination of employment, then the Committee, in
its sole discretion, may require the Participant to return or forfeit the Common
Stock received with respect to such award (or its economic value as of (i) the
date immediately following the end of the Restricted Period
<PAGE>

for Restricted Stock Awards; and (ii) the date of grant with respect to Stock
Awards) in the event that the Participant engages in Injurious Conduct. A
Participant may request the Committee in writing to determine whether any
proposed business or employment activity would constitute Injurious Conduct.
Such a request shall fully describe the proposed activity and the Committee's
determination shall be limited to the specific activity so described. The
Committee's right to require the return of Common Stock (or its economic value)
under this Section 8.7 must be exercised within 90 days after the discovery of
an occurrence triggering the Committee's right to require such return but in no
event later than 24 months after the Participant's termination of employment
with the Company.

    8.8  Amendment and Discontinuance

         The Company reserves the right to amend, modify, suspend or terminate
the Plan at any time by action of the Board, provided that such action shall not
adversely affect any Participant's rights under the provisions of the Plan with
respect to Awards which were made prior to such action.

    8.9  Effective Date and Duration

         The Plan shall become effective July 24, 2000.  The Plan shall remain
in effect until the earlier of the grant of all shares of Common Stock reserved
for awards under the Plan or the discontinuance of the Plan under Section 8.8.

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