Document:

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                                                                   Exhibit 10.10
                                    Form of

                    ANC RENTAL CORPORATION STOCK OPTION PLAN

         Section 1.        Purpose of the Plan. The purpose of the ANC Rental
Corporation Stock Option Plan (the "Plan") is to encourage ownership of the
common stock, par value $0.01 ("Common Stock") of ANC RENTAL CORPORATION (the
"Company"), by eligible key employees of the Company and its subsidiaries and to
provide increased incentive for such employees to render services and to exert
maximum effort for the business success of the Company. Options to be granted
under this Plan may be intended to qualify as incentive stock options ("ISO's")
pursuant to Section 422 of the Internal Revenue Code of 1986, as amended
("Code"), or options which are not intended to so qualify.

         Section 2.        Administration of the Plan. The Plan shall be
administered by a Stock Option Committee (the "Committee") consisting of not
less than two members of the Board of Directors of the Company ("Board"), none
of whom shall be an officer or other salaried employee of the Company or any
Subsidiary, and each of whom shall qualify as an "outside director" for purposes
of Section 162(m) of the Code. The Board may remove members, add members, and
fill vacancies on the Committee from time to time. The majority vote of the
Committee, or acts reduced to or approved in writing by a majority of the
members of the Committee, shall be the valid acts of the Committee.

         Section 3.        Stock Reserved for the Plan. Subject to adjustment as
provided in Section 11 hereof, the aggregate number of shares of Common Stock
that may be optioned under the Plan is 9,000,000. The shares subject to the Plan
shall consist of authorized but unissued shares of Common Stock of the Company
and such number of shares shall be and is hereby reserved for sale for such
purpose. Any of such shares which may remain unsold and which are not subject to
outstanding options at the termination of the Plan shall cease to be reserved
for the purpose of the Plan, but until termination of the Plan or the
termination of the last of the options granted under the Plan, whichever last
occurs, the Company shall at all times reserve a sufficient number of shares to
meet the requirements of the Plan. Should any option expire or be cancelled
prior to its exercise in full, the shares theretofore subject to such option may
again be made subject to an option under the Plan.

         Section 4.        Eligibility. The persons eligible to participate in
the Plan as recipients of options shall include only key employees (including
officers and directors who are also key employees) of the Company or any parent
or subsidiary corporation (as defined in Section 424 of the Code) of the Company
at the time the option is granted. An employee who has been granted an option
hereunder shall remain eligible to receive an additional option or options, if
the Committee shall so determine.

         Section 5.        Grant of Options. The Committee shall have
discretionary authority (i) to determine, authorize, and designate those key
employees of the Company or any parent or subsidiary who are to receive options
under the Plan, and (ii) to determine the number of shares to be covered

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by such options and the terms thereof. The Committee shall thereupon grant
options in accordance with such determination as evidenced by a written option
agreement. Subject to the express provisions of the Plan, the Committee shall
have discretionary authority to prescribe, amend and rescind rules and
regulations relating to the Plan, to interpret the Plan, to prescribe and amend
the terms of the option agreements (which need not be identical) and to make all
other determinations deemed necessary or advisable for the administration of the
Plan.

         Section 6.        Terms and Conditions. Each option granted under the
Plan shall be evidenced by an agreement, in a form approved by the Committee,
which shall be subject to the following express terms and conditions and to such
other terms and conditions as the Committee may deem appropriate.

                  A.       Option Period. The Committee shall promptly notify
         the optionee of the option grant and a written agreement shall promptly
         be executed and delivered by and on behalf of the Company and the
         optionee. The date of grant shall be the date the option is actually
         granted by the Committee, even though the written agreement may be
         executed and delivered by the Company and the optionee after that date.
         Each option agreement shall specify the period for which the option
         thereunder is granted (which in no event shall exceed ten years from
         the date of grant) and shall provide that the option shall expire at
         the end of such period. If the original term of an option is less than
         ten years from the date of grant, the option may be amended prior to
         its expiration with the approval of the Committee and the optionee to
         extend the time; provided that the term as amended is not more than ten
         years from the date of grant. However, in the case of an option granted
         to an individual who, at the time of grant, owns stock possessing more
         than 10 percent of the total combined voting power of all classes of
         stock of the Company or its parent or its subsidiary ("Ten Percent
         Stockholder"), such period shall not exceed five years from the date of
         grant.

                  B.       Option Price. The purchase price of each share of
         Common Stock subject to each option granted pursuant to the Plan shall
         be determined by the Committee at the time the option is granted and
         shall not be less than 100% of the fair market value of a share of
         Common Stock on the date the option is granted, as determined by the
         Committee. In the case of an option granted to a Ten Percent
         Stockholder which is intended to qualify as an ISO, the option price
         shall not be less than 110% of the fair market value of a share of
         Common Stock on the date the option is granted.

                  C.       Exercise Period. The Committee may provide in the
         option agreement that an option may be exercised in whole immediately
         or is to be exercisable in increments. However, no portion of any
         option may be exercisable by an optionee prior to the approval of the
         Plan by the stockholders of the Company or, if the option is intended
         to qualify as an ISO to the extent that the aggregate fair market value
         of Common Stock with respect to which the option first becomes
         exercisable exceeds $100,000.

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                  D.       Procedures for Exercise. Options shall be exercised
         by the delivery of written notice to the Stock Option Administrator
         setting forth the number of shares with respect to which the option is
         being exercised. Such notice shall be accompanied by cash or cashier's
         check, bank draft, or postal or express money order payable to the
         order of the Company in any case for an amount equal to the option
         price of such shares. As soon as possible thereafter, the Company will
         deliver to the optionee certificates for the number of shares with
         respect to which such option has been so exercised, issued in the
         optionee's name. In the alternative, the exercise price may be paid,
         (i) through the tender to the Company of shares of Common Stock, which
         shares shall be valued, at their fair market value on the date of
         exercise (as determined by the Committee); (ii) by delivering a written
         direction to the Company that the option be exercised pursuant to a
         "cashless" exercise/sale procedure (pursuant to which funds to pay for
         exercise of the option are delivered to the Company by a broker upon
         receipt of stock certificates from the Company) or a cashless
         exercise/loan procedure receipt (pursuant to which the optionee would
         obtain a margin loan from a broker to fund the exercise) through a
         licensed broker acceptable to the Company whereby the stock certificate
         or certificates for the shares of Stock for which the option is
         exercised will be delivered to such broker as the agent for the
         individual exercising the option and the broker will deliver to the
         Company cash (or cash equivalents acceptable to the Company) equal to
         the exercise price for the shares of Common Stock purchased pursuant to
         the exercise of the option; (iii) to the extent provided by the option
         agreement with respect to such option, by the delivery of a promissory
         note or (iv) by a combination of the methods. The optionee must also
         satisfy any tax obligations through delivery of cash, Stock or
         withholding of shares of Common Stock by the Company.

                  E.       Termination of Employment. If an employee to whom an
         option is granted ceases to be employed by the Company or one of its
         subsidiaries for any reason other than retirement, death or disability,
         any option or part thereof which is exercisable on the date of such
         termination of employment may be exercised only during the one year
         period beginning on such date; provided however, if an optionee's
         employment is terminated for "cause" (as determined by the Committee)
         then any unexercised option shall expire upon termination of
         employment. Cause is defined as including, but not limited to the
         optionee's dishonesty, theft, embezzlement from the Company, disclosing
         trade secrets of the Company, the commission of a willful felonious act
         while in the employment of the Company or the optionee's engaging in
         competitive or other activities determined by the Committee to be
         actually or potentially injurious to the business or reputation of the
         Company.

                  F.       Retirement, Disability or Death of Optionee. In the
         event of retirement, disability or upon the death of an optionee under
         the Plan while he or she is employed by the Company, the options
         previously granted to him or her may be exercised (whether or not he or
         she would have been entitled to do so at the date of his or her
         retirement, disability or death) at any time and from time to time,
         within a twelve-month period after his or her retirement, disability or
         death by the former employee, by the guardian of his or her estate,

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         by the executor or administrator of his or her estate or by the person
         or persons to whom his or her rights under the option shall pass by
         will or the laws of descent and distribution, but in no event may the
         option be exercised after its expiration under the terms of the option
         agreement. An employee shall be deemed to be disabled if he or she
         becomes eligible for benefits under a long term disability plan
         maintained by the Company or one of its subsidiaries by reason of any
         medically determinable physical or mental impairment which can be
         expected to result in death or to be of long continued and indefinite
         duration. The date of determination of disability for purposes thereof
         shall be the date of such disability for purposes of this plan.
         Retirement shall be defined as attainment of age 55 and completion of 5
         years of service with the Company or its affiliates on or after January
         1, 2000.

                  G.       Restrictions on Transfer of Stock. If an option is
         exercised before the date that is six months from the later of (i) the
         date of grant of the option or (ii) the date of shareholder approval of
         the Plan and the sale of stock acquired pursuant to such exercise would
         subject the individual exercising the option to liability under Section
         16 of the Exchange Act, then such certificate or certificates shall
         bear a legend restricting the transfer of the Common Stock covered
         thereby until the expiration of six months from the later of such
         dates.

         Section 7.         Assignability. An option shall not be assignable or
otherwise transferable except by will or by the laws of descent and
distribution. During the lifetime of an optionee, an option shall be exercisable
only by him or her.

         Section 8.        Incentive Stock Options. Each option agreement
intended to qualify as an ISO may contain such other terms and provisions as the
Committee may determine provided such terms and provisions do not cause the
options not to be an ISO.

         Section 9.        No Rights as Stockholder. No optionee shall have any
rights as a stockholder with respect to shares covered by an option until shares
are delivered to the optionee as provided in Section 6 above.

         Section 10.       Extraordinary Corporate Transactions. New option
rights may be substituted for the option rights granted under the Plan, or the
Company's duties as to options outstanding under the Plan may be assumed, by an
employer corporation other than the Company, or by a parent or subsidiary of the
Company or such employer corporation, in connection with any merger,
consolidation, acquisition, separation, reorganization, liquidation or like
occurrence in which the Company is involved, so long as the substitution or
assumption will allow any incentive stock options to continue to qualify as
such. Notwithstanding the foregoing or the provisions of Section 11 hereof, in
the event such employer corporation, or parent or subsidiary of the Company or
such employer corporation, does not substitute new option rights for, and
substantially equivalent in terms and economic value to, the option rights
granted hereunder, or assume the option rights granted hereunder, the option
rights granted hereunder shall terminate and thereupon become null and void

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upon a "change in control"; provided, however, that each optionee shall have the
right in connection with such dissolution, liquidation, merger, consolidation,
acquisition or transfer, to exercise any unexercised option rights granted
hereunder, whether then otherwise immediately exercisable or not, so as to
permit the optionee to participate as a holder of Common Stock in such
transaction if he so chooses. Change of control is defined as (i) the
dissolution or liquidation of the Company, or similar occurrence, (ii) any
merger, consolidation, acquisition, separation, reorganization, or similar
occurrence, where the Company will not be a surviving entity or (iii) a transfer
of substantially all of the assets of the Company or more than 75% of the
outstanding Common Stock. The Company shall give to each optionee at least
twenty (20) days' prior written notice of any event or transaction of the nature
described in the preceding sentence.

         Section 11.       Changes in Company's Capital Structure. The existence
of outstanding options shall not affect in any way the right or power of the
Company or its stockholders to make or authorize any or all adjustments,
recapitalization, reorganizations, exchanges, or other changes in the Company's
capital structure or its business, or any merger or consolidation of the
Company, or any issuance of Common Stock or other securities or subscription
rights thereto, or any issuance of bonds, debentures, preferred or prior
preference stock ahead of or affecting the Common Stock or the rights thereof,
or the dissolution or liquidation of the Company, or any sale or transfer of all
or any part of its assets or business, or any other corporate act or proceeding,
whether of a similar character or otherwise. However, if the outstanding shares
of Common Stock or other securities of the Company, or both, for which the
option is then exercisable shall at any time be changed or exchanged by
declaration of a stock dividend, stock split, combination of shares,
recapitalization or reorganization, the number and kind of shares of Common
Stock or other securities which are subject to the Plan or subject to any
options theretofore granted, and the option prices, shall be appropriately and
equitably adjusted so as to maintain the proportionate number of shares or other
securities without changing the aggregate option price.

         Section 12.       Amendment or Termination. The Board may amend, alter
or discontinue the Plan, but no amendment or alteration shall be made which
would impair the rights of any participant, without his consent, under any
option theretofore granted. Without approval of the shareholders, no amendment
may increase the aggregate number of shares reserved under the Plan other than
as provided in Section 11 hereof, materially increase the benefits accruing to
participants or materially modify the requirements as to eligibility for
participation in the Plan.

         Section 13.       Compliance With Other Laws and Regulations. The Plan,
the grant and exercise of options thereunder, and the obligation of the Company
to sell and deliver shares under such options, shall be subject to all
applicable federal and state laws, rules and regulations and to such approvals
by any governmental or regulatory agency as may be required. The Company shall
not be required to issue or deliver any certificates for shares of Common Stock
prior to the completion of any registration or qualification of such shares
under any federal or state law or issuance of any ruling or regulation of any
governmental body which the Company shall, in its sole discretion, determine to
be necessary or advisable.

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         Section 14.       No Right to Company Employment. Nothing in this Plan
or as a result of any option granted pursuant to this Plan shall confer on any
individual any right to continue in the employ of the Company or interfere in
any way with the right of the Company to terminate an individual's employment at
any time. The option agreements may contain such provisions as the Committee may
approve with reference to the effect of approved leaves of absence.

         Section 15.       Liability of Company.  The Company or any affiliated
entity which is in existence or hereafter comes into existence shall not be
liable to an optionee or other persons as to:

                  A.       The Non-Issuance of Shares.  The non-issuance or sale
         of shares as to which the Company has been unable to obtain from any
         regulatory body having jurisdiction the authority deemed by the
         Company's counsel to be necessary to the lawful issuance and sale of
         any shares hereunder; and

                  B.       Tax Consequences. Any tax consequence expected, but
         not realized, by any optionee or other person due to the issuance,
         exercise of any option granted hereunder or holding or sale of any
         share of Common Stock received upon exercise of such option.

         Section 16.       Effectiveness and Expiration of Plan. The Plan shall
be effective on the date the Board adopts the Plan. If the Common Stockholders
of the Company fail to approve the Plan within twelve months of the date the
Board approved the Plan, the Plan shall terminate and all options previously
granted under the Plan shall become void and of no effect. The Plan shall expire
ten years after the date the Board approved the Plan and thereafter no option
shall be granted pursuant to the Plan.

         Section 17.       Non-Exclusivity of the Plan. Neither the adoption of
the Plan nor the submission of the Plan to the Common Stockholders of the
Company for approval shall be construed as creating any limitations of the power
of the Committee to adopt such other incentive arrangements as it may deem
desirable, including without limitation, the granting of restricted stock or
stock options otherwise than under the Plan, and such arrangements may be either
generally applicable or applicable only in specific cases.

         Section 18.       Governing Law.  This Plan and any agreements
hereunder, shall be interpreted and construed in accordance with the laws of the
state of Florida and applicable federal law.

         IN WITNESS WHEREOF, and as conclusive evidence of the adoption of the
foregoing by the Board, the Board has caused this Plan to be duly executed in
its name and behalf by its proper officers effective as of _______, 2000.

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                             By:
                                -------------------------------

                             Title:
                                   ----------------------------

ATTEST:

---------------------------
Secretary

[SEAL]

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                                                                 Exhibit 10.11

                                    Form of
                                 ANC ____, INC.
                          EMPLOYEE STOCK PURCHASE PLAN

        (EFFECTIVE AS OF _____, 2000, SUBJECT TO BOARD OF DIRECTORS' AND
                             SHAREHOLDERS' APPROVAL)

                                    ARTICLE I
                                     GENERAL

1.1      PURPOSE

         The ANC ________, Inc. Employee Stock Purchase Plan ("Plan") is
intended to encourage employee participation in the ownership and economic
progress of the Corporation. The Plan is intended to qualify under Section 423
of the Internal Revenue Code of 1986, as amended.

1.2      DEFINITIONS

         Unless the context clearly indicates otherwise, the following terms
have the meaning set forth below:

         Affiliate shall mean any entity controlling, controlled by or under
common control with the Corporation.

         Board of Directors or Board shall mean the Board of Directors of the
Corporation.

         Code shall mean the Internal Revenue Code of 1986, as amended.

         Committee shall mean a Committee of officers appointed by the Board of
Directors or the Compensation Committee of the Board of Directors, which
Committee shall administer the Plan as provided in Section 1.3 hereof.

         Common Stock shall mean shares of the common stock, par value $0.01, of
the Corporation's Affiliate, ANC Rental Corporation.

         Corporate Benefits Administration shall mean the department of the
Corporation responsible for the day-to-day administration of and recordkeeping
for the Plan.

         Corporation shall mean ANC ______, Inc.

         Compensation shall mean the base salary paid to an Employee by the
Corporation or Designated Affiliate in accordance with established payroll
procedures.

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         Continuous Service shall mean the period of time, uninterrupted by the
termination of employment, that an Employee has been employed by the Corporation
and/or a Designated Affiliate immediately preceding an Offering Date. Such
period of time shall include any approved leave of absence.

         Designated Affiliate shall mean any Affiliate or other entity which has
been designated by the Committee to participate in the Plan.

         Employee shall mean any employee of the Corporation or a Designated
Affiliate whose customary employment is at least 20 hours per week and more than
five months in any calendar year.

         Exercise Date shall mean the last business day of each month.

         Fair Market Value of a share of Common Stock shall be the last price of
the Common Stock on the applicable date as reported by the Wall Street Journal,
or, if no such price is reported for that day, on the last preceding day for
which such price is reported, or such other reasonable method of determining
fair market value as the Committee shall adopt.

         Offering Date shall mean the first business day of each month.

         Option Period or Period shall mean the period beginning on an Offering
Date and ending on the next succeeding Exercise Date.

         Option Price shall mean the purchase price of a share of Common Stock
hereunder as provided in Section 3.1 hereof.

         Participant shall mean any Employee who (i) is eligible to participate
in the Plan under Section 2.1 hereof and (ii) elects to participate.

         Plan shall mean this Employee Stock Purchase Plan, as the same may be
amended from time to time.

         Plan Account or Account shall mean an account established and
maintained in the name of each Participant.

         Plan Manager shall mean an Employee appointed by the Committee as
provided in Section 1.3 hereof.

         Plan Year shall mean the twelve-month period beginning January 1 and
ending on the following December 31.

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         Stock Purchase Agreement shall mean the form prescribed by the
Committee which must be completed and executed by an Employee who elects to
participate in the Plan.

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1.3      ADMINISTRATION OF PLAN

         Subject to oversight by the Board of Directors or the Board's
Compensation Committee, the Committee shall have the authority to administer the
Plan and to make and adopt rules and regulations not inconsistent with the
provisions of the Plan or the Code. The Committee shall adopt the form of Stock
Purchase Agreement and all notices required hereunder. Its interpretations and
decisions in respect to the Plan shall, subject as aforesaid, be final and
conclusive. The Committee shall have the authority to appoint an Employee as
Plan Manager and to delegate to the Plan Manager such authority with respect to
the administration of the Plan as the Committee, in its sole discretion, deems
advisable from time to time.

1.4      EFFECTIVE DATE OF PLAN

         The Plan shall become effective on the date established for that
purpose by the Committee, if prior to that date, the Plan (i) has been adopted
by the Board of Directors of the Corporation and (ii) has been approved by an
affirmative vote of a majority of votes cast by the holders of the Common Stock,
in person or by proxy, at a meeting at which a quorum is present. The date
established by the Committee as the effective date shall be an Offering Date.

1.5      EXTENSION OR TERMINATION OF PLAN

         The Plan shall continue in effect through, and including, December 31,
2010 unless terminated prior thereto pursuant to Section 4.3 hereof, or by the
Board of Directors or the Compensation Committee of the Board, each of which
shall have the right to extend the term of or terminate the Plan at any time.
Upon any such termination, the balance, if any, in each Participant's Account
shall be refunded to him or her, or otherwise disposed of in accordance with
policies and procedures prescribed by the Committee in cases where such a refund
may not be possible.

                                   ARTICLE II
                                  PARTICIPATION

2.1      ELIGIBILITY

         Each Employee, including those serving on the Committee or serving as
Plan Manager, who on an Offering Date will have at least ninety days of
Continuous Service, may become a Participant by executing and filing a Stock
Purchase Agreement with Corporate Benefits prior to said Offering Date. No
Employee may participate in the Plan if said Employee, immediately after an
Offering Date, would be deemed for purposes of Section 423(b)(3) of the Code to
possess 5% or more of the total combined voting power or value of all classes of
stock of the Corporation or any Affiliate.

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2.2      PAYROLL DEDUCTIONS

         Payment for shares of Common Stock purchased hereunder shall be made by
authorized payroll deductions from each payment of Compensation in accordance
with instructions received from a Participant. Said deduction may be expressed
as a whole number percentage (which shall be at least 1%) or a specified dollar
amount, provided that no election may be made for less than $5.00 per pay
period. A Participant may not increase or decrease the deduction during an
Option Period. However, a Participant may change the percentage deduction for
any subsequent Option Period by filing notice thereof with Corporate Benefits
prior to the Offering Date on which such Period commences. During an Option
Period, a Participant may discontinue payroll deductions but have the payroll
deductions previously made during the Option Period remain in the Participant's
Account to purchase Common Stock on the next Exercise Date, provided that he or
she is an Employee as of that Exercise Date. Any amount remaining in the
Participant's Account after the purchase of Common Stock shall be refunded
without interest upon the written request of the Participant. Any Participant
who discontinues payroll deductions during an Option Period may again become a
Participant for a subsequent Option Period that commences at least 30 days after
the effective date of the discontinuance by executing and filing anther Stock
Purchase Agreement in accordance with Section 2.1. Amounts deducted from a
Participant's Compensation pursuant to this Section shall be credited to said
Participant's Account.

                                   ARTICLE III
                               PURCHASE OF SHARES

3.1      OPTION PRICE

         The Option Price per share of the Common Stock sold to Participants
hereunder shall be 90% of the Fair Market Value of such share on the Exercise
Date of an Option Period which occurs in calendar year 2000. Thereafter, the
percentage of Fair Market Value will be established by the Board, provided that
in no event shall it be less than 85%. In no event shall the Option Price per
share be less than the par value of the Common Stock.

3.2      PURCHASE OF SHARES

         On each Exercise Date, the amount in a Participant's Account shall be
charged with the aggregate Option Price of the largest number of whole shares of
Common Stock which can be purchased with said amount. The balance, if any, in
such account shall be carried forward to the next succeeding Offering Period.

3.3      LIMITATIONS ON PURCHASE

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         Except as the Committee may otherwise provide by an adjustment made
pursuant to Section 4.2, no Participant shall purchase more than ___ shares of
Common Stock in each calendar year, provided that any such purchase shall not
exceed the limitations imposed by Section 423(b)(8) of the Code.

3.4      TRANSFERABILITY OF RIGHTS

         Rights to purchase shares hereunder shall be exercisable only by the
Participant. Such rights shall not be transferable.

                                   ARTICLE IV
                       PROVISIONS RELATING TO COMMON STOCK

4.1      COMMON STOCK RESERVED

         At the Effective Date, there shall be 2,000,000 authorized and unissued
shares of Common Stock reserved for the Plan, subject to adjustment in
accordance with Section 4.2 hereof. The aggregate number of shares which may be
purchased thereafter under the Plan shall not exceed the number of shares
reserved for the Plan.

4.2      ADJUSTMENT FOR CHANGES IN COMMON STOCK

         In the event that adjustments are made in the number of outstanding
shares of Common Stock or said shares are exchanged for a different class of
stock of the Corporation or for shares of stock of any other corporation by
reason of merger, consolidation, stock dividend, stock split or otherwise, the
Committee may make appropriate adjustments in (i) the number and class of shares
or other securities that may be reserved for purchase, or purchased, hereunder,
and (ii) the Option Price. All such adjustments shall be made in the sole
discretion of the Committee, and its decision shall be binding and conclusive.

4.3      INSUFFICIENT SHARES

         If the aggregate funds available for the purchase of Common Stock on
any Exercise Date would cause an issuance of shares in excess of the number
provided for in Section 4.1 hereof, (i) the Committee shall proportionately
reduce the number of shares which would otherwise be purchased by each
Participant in order to eliminate such excess, and (ii) the Plan shall
automatically terminate immediately after such Exercise Date.

4.4      CONFIRMATION

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         Each purchase of Common Stock hereunder shall be confirmed in writing
to the Participant. A record of purchases shall be maintained by appropriate
entries on the books of the Corporation. Participants may obtain a certificate
or certificates for all or part of the shares of Common Stock purchased
hereunder by requesting same in writing.

4.5      RIGHTS AS SHAREHOLDERS

         The shares of Common Stock purchased by a Participant on an Exercise
Date shall, for all purposes, be deemed to have been issued and sold at the
close of business on such Exercise Date. Prior to that time, none of the rights
or privileges of a shareholder of the Corporation shall exist with respect to
such shares.

                                    ARTICLE V
                                   TERMINATION

5.1      VOLUNTARY WITHDRAWAL

         A Participant may withdraw from the Plan at any time by filing notice
of withdrawal prior to the close of business on an Exercise Date. Upon
withdrawal, the entire amount, if any, in a Participant's Account shall be
refunded to him without interest. Any Participant who withdraws from the Plan
may again become a Participant in accordance with Section 2.1 hereof.

5.2      TERMINATION OF ELIGIBILITY

         If a Participant retires, he or she may elect to (i) withdraw the
entire amount, if any, in his Plan Account, or (ii) have said amount used to
purchase whole shares of Common Stock pursuant to Section 3.2 hereof on the next
succeeding Exercise Date, and have any remaining balance refunded without
interest.

         If a Participant ceases to be eligible under Section 2.1 hereof for any
reason other than retirement, the dollar amount and the number of unissued
shares in such Participant's Account will be refunded or distributed to
Participant's designated beneficiary or estate, or otherwise disposed of in
accordance with policies and procedures prescribed by the Committee in cases
where such a refund or distribution may not be possible.

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                                   ARTICLE VI
                               GENERAL PROVISIONS

6.1      NOTICES

         Any notice which a Participant files pursuant to the Plan shall be made
on forms prescribed by the Committee and shall be effective when received by
Corporate Benefits Administration.

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6.2      CONDITION OF EMPLOYMENT

         Neither the creation of the Plan nor participation therein shall be
deemed to create any right of continued employment or in any way affect the
right of the Corporation to terminate an Employee.

6.3      AMENDMENT OF THE PLAN

         The Board of Directors or the Compensation Committee of the Board of
Directors may at any time, or from time to time, amend the Plan in any respect,
except that, without approval of the shareholders, no amendment may increase the
aggregate number of shares reserved under the Plan other than as provided in
Section 4.2 hereof, materially increase the benefits accruing to Participants or
materially modify the requirements as to eligibility for participation in the
Plan. Any amendment of the Plan must be made in accordance with applicable
provisions of the Code and/or regulations issued thereunder, any other
applicable law or regulations, and the requirements of the principal exchange
upon which the Common Stock is listed.

6.4      APPLICATION OF FUNDS

         All funds received by the Corporation by reason of purchases of Common
Stock hereunder may be used for any corporate purpose.

6.5      LEGAL RESTRICTIONS

         The Corporation shall not be obligated to sell shares of Common Stock
hereunder if counsel to the Corporation determines that such sale would violate
any applicable law or regulation.

6.6      GENDER

         Whenever used herein, use of any gender shall be applicable to both
genders.

6.7      GOVERNING LAW

         The Plan and all rights and obligations thereunder shall be construed
and enforced in accordance with the laws of the State of Florida and any
applicable provisions of the Code and the related regulations.

                                        9

<PAGE>   10

                  IN WITNESS WHEREOF, and as conclusive evidence of the adoption
of the foregoing by the Board, the Board has caused this Plan to be duly
executed in its name and behalf by its proper officers effective as of _______,
2000.

                                          By:
                                             -----------------------------------
                                          Title:
                                                --------------------------------

ATTEST:

----------------------------------
Secretary

[SEAL]

                                       10

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