Document:

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                                                                   Exhibit 10(e)

                              THE DIAL CORPORATION
                        FUTURE SECURITY RESTORATION PLAN
          (Effective as of August 15, 1996, and as amended and restated
                             as of January 1, 2001)

1.       Purpose

         The purpose of The Dial Corporation Future Security Restoration Plan
(hereinafter referred to as the "Plan") is to provide deferred compensation to
Eligible Employees (as defined in paragraph 2) on and after August 15, 1996. It
is the intention of The Dial Corporation (hereinafter called the "Company") that
Eligible Employees are those employees designated by the Company, or the Chief
Executive Officer of the Company, pursuant to paragraph 2, from a select group
of management or highly-compensated employees of the Company, or any of its
subsidiaries or affiliates (hereinafter referred to as "Subsidiaries") and that
the Plan continue to be eligible for exemptions under Parts 1, 2, 3 and 4 of
Title 1 of ERISA and the U.S. Department of Labor regulations. It also is the
intention of the Company that the Plan be unfunded, that any Eligible Employee's
rights under the Plan are those of a general creditor only, and that there be no
elections with respect to any benefits under the plan by Eligible Employees.
Subject to rights and benefits expressly fixed by the terms hereof, the Company
also intends that the Plan may be amended or terminated and that benefits may be
reduced or eliminated as the Board of Directors of the Company determines from
time to time and that individuals' rights may be altered.

         Pursuant to the terms and provisions of a Distribution Agreement
between the Company, ViadCorp (formerly The Dial Corp) ("Viad") and
Exhibitgroup/Giltspur Inc., the Company is obligated to assume all liabilities
and obligations whatsoever in connection with claims under The Dial Corp
Supplemental Pension Plan (the "Prior Plan") in respect of any individual who is
classified as a "Consumer Products Employee" pursuant to the terms and
provisions of the Distribution Agreement and Viad ceases to have any such
liability or obligation. In order to effectuate the terms and provisions of the
Distribution Agreement, each Consumer Products Employee (as such term is defined
in the Distribution Agreement) shall be entitled to receive a benefit from this
Plan in the amount that such individual was entitled to receive from the Prior
Plan. In addition, each Consumer Products Employee shall be granted credit under
this Plan for the term of service and benefits credited to such individual, as
of August 15, 1996, under the Prior Plan as if such service had been rendered to
the Company and as if such benefit had originally been credited to such
individual under this Plan.

         The Plan is an amendment and restatement of the Dial Corporation
Supplemental Pension Plan, effective as of January 1, 2001. Effective as of the
amendment and
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restatement of the Plan as of January 1, 2001, the Plan was renamed The Dial
Corporation Future Security Restoration Plan.

2.       Participation

         Employees of the Company (or any of its Subsidiaries) who participate
in The Dial Corporation Future Security Plan (referred to herein as the
"Qualified Plan") shall automatically become eligible to participate in the Plan
under the Schedule of Benefits as set forth therein (and are referred to herein
as "Eligible Employees").

3.       Funding

         No fund shall be established to provide for payment of benefits under
the Plan. No trust, other than one which will not cause the Plan to be "funded"
under current Internal Revenue Service and U.S. Department of Labor regulations
and rulings, shall be created. Any rights of an Eligible Employee or any other
person claiming by or through him or her shall be those of a general creditor of
the Company only. The Company may create book reserves or take such other steps
as it deems appropriate to provide for its expected liabilities under the Plan.

4.       Categories of Benefit Payments to Eligible Employees

         Benefits shall be payable by the Company in accordance with the terms
and conditions of the Plan and as described in the Schedule of Benefits.

5.       Retirement Benefit

         Except as otherwise expressly provided in the Plan or in the Schedule
of Benefits, the Plan shall make payments to an Eligible Employee at the same
time such Eligible Employee receives his or her pension benefits under the
Qualified Plan or any other pension plan(s) sponsored by the Company or any of
its Subsidiaries (herein, and in the Schedule of Benefits, referred to for the
purposes of the Plan as "the time of his or her retirement"), but in no event
shall payments begin before such Eligible Employee has actually left the employ
of the Company or its Subsidiaries. Unless otherwise expressly stated in the
Schedule of Benefits, such payments shall be equal to the amount by which the
sum of the pension benefits payable to the Eligible Employee from the Qualified
Plan and any and all other pension plans qualified under Internal Revenue Code
Section 401 and sponsored by the Company or any of its Subsidiaries, other than
this Plan and a plan qualified under Internal Revenue Service Code Section
401(k) (hereinafter called "Pension Plans"), is less than the aggregate
amount(s) determined under the Schedule of Benefits, in each case determined on
an actuarially equivalent basis. In making this determination, the amount(s)
from such Pension Plan(s) shall be determined prior to the election of any
payment options (such as joint and survivor elections). In addition, when an
Eligible Employee is a participant in more than one Pension Plan and benefits
under any one of

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such Pension Plans are not available immediately on account of early retirement
provisions, then, for the purposes of the Plan, such benefits shall be taken
into account as though payable immediately on an actuarially equivalent basis,
as reasonably determined by The Dial Corporation Retirement Committee (the
"Committee") in its sole discretion.

6.       Average Monthly Compensation

         Average Monthly Compensation for purposes of the Schedule of Benefits
shall be as defined in the Qualified Plan and the average of the five years of
annual cash incentive plan awards (whether paid or deferred) made to him or her
while in continuous service for the period ending on December 31, 2000.

7.       Optional Forms

         If any pension benefit is payable to an Eligible Employee from a
Pension Plan, and an optional form is elected under that Pension Plan, then a
similar election will be deemed made under the Plan. If two or more such
pensions are payable from such other Pension Plans, then the option selected for
the Pension Plan generating the largest pension payment (including the
beneficiary designation in connection with such option and benefits, if
applicable) shall prevail for the purposes of the Plan.

8.       Vesting

         In addition to all the terms and conditions of the Plan, no Eligible
Employee or beneficiary shall be entitled to a benefit under the Plan unless
such Eligible Employee has actually attained fully vested status in the
Qualified Plan or any other Pension Plan which is mentioned in the Schedule of
Benefits, as reasonably determined by the Committee in its sole discretion.
Notwithstanding any other provision hereof, any Eligible Employee hereunder who
has accumulated five years of service with the Company and its Subsidiaries
taken as a whole, ignoring breaks in service, shall be fully vested and entitled
to benefits hereunder.

9.       Administration

         The Board of Directors of The Dial Corporation may terminate the Plan
or the Schedule of Benefits at any time. Any amounts vested under the Plan prior
to any such termination shall continue to be subject to the terms, conditions,
and elections in effect under the Plan when the Plan is terminated. The Plan and
the Schedule of Benefits may be amended, and one or more new Schedules of
Benefits may be added, at any time or from time to time by the Board of
Directors of the Company. The Company shall have full power and authority to
interpret and administer the Plan, to promulgate rules of Plan administration,
to adopt a claims procedure, to conclusively settle any disputes as to rights or
benefits arising from the Plan, and to make such decisions or take such actions

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as the Company, in its sole discretion, reasonably deems necessary or advisable
to aid in the proper administration and maintenance of the Plan.

10.      Miscellaneous

         The Plan, and any determination made by the Committee or the Company in
connection therewith, shall be binding upon each Eligible Employee, his or her
beneficiary or beneficiaries, heirs, executors, administrators, successors, and
assigns. Notwithstanding the foregoing sentence, no benefit under the Plan may
be sold, assigned, transferred, conveyed, hypothecated, encumbered, anticipated
or otherwise disposed of, and any attempt to do so shall be void. No such
benefit payment shall be, prior to actual receipt thereof by the Eligible
Employee, or his or her beneficiary or beneficiaries, as the case may be, in any
manner subject to the debts, contracts, liabilities or engagements of such
Eligible Employee or beneficiary(ies). The Plan shall not constitute, nor be
deemed to constitute, a contract of employment between the Company, or any of
its Subsidiaries, and any Eligible Employee, nor shall any provision hereof
restrict the right of the Company or any of its Subsidiaries to discharge any
Eligible Employee from his or her employment, with or without cause.

         IN WITNESS WHEREOF, the Company has caused this Plan to be executed by
its duly authorized representative, effective as of the 1st day of January,
2001.

                                  THE DIAL CORPORATION

                                  By:  /s/ Bernhard J. Welle
                                       -----------------------------------------

                                  Its: Executive Vice President, Shared Services
                                       -----------------------------------------

362261

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                              SCHEDULE OF BENEFITS

         Employees who participate in the Qualified Plan shall automatically
become Eligible Employees under this Schedule if their benefits under the
Qualified Plan are limited by Internal Revenue Code Section 401(a)(17) or
Section 415. The Company shall administratively identify Eligible Employees
under this Schedule, based on the effect of such Internal Revenue Code
provisions on the Qualified Plan benefits.

         The amount of benefit attributable to this Schedule and payable to an
Eligible Employee pursuant to paragraph 5 of the Plan shall be a pension based
on the benefit schedule(s) and rules of the Qualified Plan applicable to the
Eligible Employee at the time of his or her retirement.

         For purposes of this Schedule, Average Monthly Compensation and
Compensation shall be as defined in the Qualified Plan (subject to any
modifications under paragraph 6 of this Plan) with respect to the Eligible
Employee, and shall be determined without regard to the annual limit of $150,000
(as adjusted) that applied under the Qualified Plan pursuant to Internal Revenue
Code Section 401(a)(17). In addition, the pension computed in this manner shall
not be reduced on account of the Internal Revenue Code Section 415 limitations
that apply under the Qualified Plan.

                                       5<PAGE>   1
                                                                   Exhibit 10(f)

                              THE DIAL CORPORATION
                            1996 STOCK INCENTIVE PLAN
                      (AMENDED AND RESTATED MARCH 7, 2001)
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THE DIAL CORPORATION
1996 STOCK INCENTIVE PLAN
PAGE 1

SECTION 1.    PURPOSE; DEFINITIONS.

      The purpose of the Plan is to give the Company a significant advantage in
attracting, retaining and motivating officers, employees and directors and to
provide the Company and its subsidiaries with the ability to provide incentives
more directly linked to the profitability of the Company'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
Company and designated by the Committee as such.

      (b) "Award" means Stock Appreciation Right, Stock Option or Restricted
Stock.

      (c) "Board" means the Board of Directors of the Company.

      (d) "Cause" means (1) the conviction of a participant 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 a participant's employment duties or
(3) willful and deliberate failure on the part of a participant to perform his
employment duties in any material respect, or such other events as shall be
determined by the Committee. The Committee will have the sole discretion to
determine whether "Cause" exists, and its determination will be final.

      (e) "Change in Control" and "Change in Control Price" have the meanings
set forth in Sections 8(b) and (c), respectively.

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

      (g) "Commission" means the Securities and Exchange Commission or any
successor agency.

      (h) "Committee" means the Committee referred to in Section 2.

      (i) "Common Stock" means common stock, par value $0.01 per share, of the
Company.

      (j) "Company" means The Dial Corporation, a Delaware corporation.

      (k) "Disability" means permanent and total disability as determined under
procedures established by the Committee for purposes of the Plan.
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THE DIAL CORPORATION
1996 STOCK INCENTIVE PLAN
PAGE 2

      (l) "Distribution" means the distribution of shares of Company Common
Stock by The Dial Corp (which, in connection with such distribution, will be
renamed "Viad Corp," herein referred to as "Old Dial") to the holders of common
stock of Old Dial, par value $1.50 per share.

      (m) "Distribution Agreement" means the Distribution Agreement, dated as of
July 25, 1996, by and among Old Dial, the Company and Exhibitgroup Inc.

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

      (o) "Fair Market Value" means, as of any given date, the mean between the
highest and lowest reported sales prices of the Stock on the New York Stock
Exchange Composite Tape or, if not listed on such exchange, on any other
national exchange on which the Stock is listed or on the NASDAQ National Market
System or on NASDAQ. If there is no regular public trading market for such
Stock, the Fair Market Value of the Stock will be determined by the Committee in
good faith.

      (p) "Incentive Stock Option" means any Stock Option intended to be and
designated as an "incentive stock option" within the meaning of Section 422 of
the Code.

      (q) "Non-Employee Director" means a member of the Board who qualifies as a
"Non-Employee Director" as defined in Rule 16b-3(b)(3), as promulgated by the
Commission under the Exchange Act, or any successor definition adopted by the
Commission.

      (r) "Non-Qualified Stock Option" means any Stock Option that is not an
Incentive Stock Option.

      (s) "Performance Goals" means the performance goals established by the
Committee prior to the grant of Restricted Stock. In the case of Qualified
Performance-Based Awards, such goals (1) will be based on the attainment of
specified levels of one or more of the following measures: earnings per share,
sales, net profit after tax, gross profit, operating profit, cash generation,
unit volume, return on equity, change in working capital, return on capital,
stockholder return or such other performance measures as the Committee selects
and discloses to stockholders in connection with stockholder approval for
purposes of Section 162(m) of the Code and related regulations and (2) will be
set by the Committee within the time period prescribed by Section 162(m) of the
Code and related regulations.

      (t) "Plan" means The Dial Corporation 1996 Stock Incentive Plan, as set
forth herein and as hereinafter amended from time to time.

      (u) "Preferred Stock" means preferred stock, par value $0.01, of the
Company.
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THE DIAL CORPORATION
1996 STOCK INCENTIVE PLAN
PAGE 3

      (v) "Qualified Performance-Based Awards" means an Award of Restricted
Stock designated as such by the Committee at the time of grant, based upon a
determination that (1) the recipient is or may be a "covered employee" within
the meaning of Section 162(m)(3) of the Code in the year in which the Company
would expect to be able to claim a tax deduction with respect to such Restricted
Stock and (2) the Committee wishes such Award to qualify for the exemption from
the limitation on deductibility imposed by Section 162(m) of the Code that is
set forth in Section 162(m)(4)(C).

      (w) "Replacement Awards" means Stock Options granted to replace
outstanding options to purchase Old Dial common stock pursuant to the
Distribution Agreement.

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

      (y) "Retirement" means retirement from active employment under a pension
plan of the Company, any subsidiary or Affiliate, or under an employment
contract with any of them, or termination of employment at or after age 55 under
circumstances which the Committee, in it sole discretion, deems equivalent to
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" means the Common Stock or Preferred Stock.

      (bb) "Stock Appreciation Right" means a right granted under Section 6.

      (cc) "Stock Option" means an option granted under Section 5.

      (dd) "Termination of Employment" means the termination of the
participant's employment with the Company 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 Affiliate, as the case may be, and the participant does not
immediately thereafter become an employee of the Company or another subsidiary
or Affiliate. Transfers among the Company and its subsidiaries and Affiliates,
as well as temporary absences from employment because of illness, vacation or
leave of absence, will not be considered a Termination of Employment.

      In addition, certain other terms used herein have definitions given to
them in the first place in which they are used.
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THE DIAL CORPORATION
1996 STOCK INCENTIVE PLAN
PAGE 4

SECTION 2.    ADMINISTRATION.

      The Plan will be administered by the Executive Compensation Committee of
the Board pursuant to authority delegated by the Board in accordance with the
Company's Bylaws. If at any time there is no such Executive Compensation
Committee or such Executive Compensation Committee shall fail to be composed of
at least two directors each of whom (1) is a Non-Employee Director and (2) is an
"outside director" under Section 162(m)(4) of the Code, the Plan will be
administered by a Committee selected by the Board and composed of not less than
two individuals, each of whom is such a Non-Employee Director and such an
"outside director."

      The Committee will have plenary authority to grant Awards pursuant to the
terms of the Plan to officers, employees and directors of the Company and its
subsidiaries and Affiliates.

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

      (a) to select the officers, directors, employees, advisers and business
affiliates to whom Awards may from time to time be granted;

      (b) to determine whether and to what extent Incentive Stock Options,
Non-Qualified Stock Options, Stock Appreciation Rights and Restricted Stock or
any combination thereof are to be granted hereunder;

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

      (d) to 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 Company or any subsidiary or Affiliate) and
any vesting acceleration or waiver of forfeiture regarding any Award and the
shares of Stock relating thereto, based on such factors as the Committee shall
determine; provided, however, that the Committee will have no power to
accelerate the vesting, or waive the forfeiture, of any Qualified
Performance-Based Awards;

      (e) to modify, amend or adjust the terms and conditions, at any time or
from time to time, of any Award, including but not limited to Performance Goals;
provided, however, that the Committee may not adjust upwards the amount payable
with respect to any Qualified Performance-Based Award or waive or alter the
Performance Goals associated therewith; and
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THE DIAL CORPORATION
1996 STOCK INCENTIVE PLAN
PAGE 5

      (f) to determine to what extent and under what circumstances Stock and
other amounts payable with respect to an Award will be deferred.

      The Committee will have the authority to adopt, alter and repeal such
administrative rules, guidelines and practices governing the Plan as it from
time to time deems 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 (1) delegate to designated officers or
employees of the Company such of its powers and authorities under the Plan as it
deems appropriate (provided that no such delegation may be made that would cause
Awards or other transactions under the Plan to fail to be exempt from Section
16(b) of the Exchange Act) and (2) authorize any one or more members of the
Committee or any designated officer or employee of the Company 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 will be made in
the sole discretion of the Committee or such delegate(s) 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(s) or employee(s) pursuant to the provisions of the Plan will
be final and binding on all persons, including the Company and Plan
participants.

SECTION 3.    STOCK SUBJECT TO PLAN.

      The aggregate number of shares of Stock covered by Awards granted to any
one participant will not exceed 1,000,000 shares for any consecutive three-year
period plus the number of shares necessary to provide new Awards to replace
outstanding awards of Old Dial pursuant to the Distribution Agreement
("Replacement Awards"). No more than 9,600,000 shares of Common Stock will be
cumulatively available for the grant of Incentive Stock Options under the Plan.
Shares subject to an Award under the Plan may be authorized and unissued shares
or may be "treasury shares."

      In the event of any merger, reorganization, consolidation,
recapitalization, spin-off, stock dividend, stock split, extraordinary
distribution with respect to the Stock or other change in corporate structure
affecting the Stock, such substitution or adjustments shall be made in the
aggregate number of shares reserved for issuance under the Plan, in the number,
or kind, and option price of shares subject to outstanding Stock Options and
Stock Appreciation Rights, and in the number, or kind, of shares subject to
other outstanding Awards granted under the Plan as may be determined to be
appropriate by the Committee or the Board in its sole discretion; provided,
however, that the number of shares subject to any Award shall always be a whole
number.
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THE DIAL CORPORATION
1996 STOCK INCENTIVE PLAN
PAGE 6

SECTION 4.    ELIGIBILITY.

      Officers, directors, employees, advisers and business affiliates of the
Company, its subsidiaries, and Affiliates who are responsible for or contribute
to the management, growth and profitability of the business of the Company, its
subsidiaries and Affiliates are eligible to be granted Awards under the Plan.

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
Non-Qualified Stock Options. Any Stock Option granted under the Plan will be in
such form as the Committee may from time to time approve.

      The Committee will have the authority to grant any optionee Incentive
Stock Options, Non-Qualified Stock Options or both types of Stock Options (in
each case with or without Stock Appreciation Rights). Incentive Stock Options
may be granted only to employees of the Company 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 will be deemed to be a Non-Qualified
Stock Option.

      Stock Options will be evidenced by option agreements, the terms and
provisions of which may differ. An option agreement will indicate on its face
whether it is an agreement for an Incentive Stock Option or a Non-Qualified
Stock Option. The grant of a Stock Option will 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 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 Company will 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 Company to the participant.

      Anything in the Plan to the contrary notwithstanding, no term of the Plan
relating to Incentive Stock Options will 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 will he subject to the following
terms and conditions and will contain such additional terms and conditions as
the Committee shall deem desirable:
<PAGE>   8
THE DIAL CORPORATION
1996 STOCK INCENTIVE PLAN
PAGE 7

      (a) Option Price. The option price per share of Stock purchasable under a
Stock Option shall be determined by the Committee and set forth in the option
agreement. It is the intention under the Plan that such option price will not be
less than the Fair Market Value of the Stock subject to the Stock Option on the
date of grant; provided, however, that (1) the Committee may, from time to time,
grant Awards of Stock Options with an exercise price of less than Fair Market
Value and (2) the option prices for Replacement Awards will be determined in
accordance with the Distribution Agreement.

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

      (c) Exercisability. Except as otherwise provided herein, Stock Options
will 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 Stock subject to the Stock Option to be purchased.

      Such notice must be accompanied by payment in full of the purchase price
by certified or bank check or such other instrument as the Company may accept.
An option agreement may provide that, if approved by the Committee, payment in
full or in part may also be made in the form of unrestricted Stock already owned
by the optionee of the same class as the Stock subject to the Stock Option and,
in the case of the exercise of a Non-Qualified Stock Option, Restricted Stock
subject to an Award hereunder which is of the same class as the Stock subject to
the Stock Option, in both cases based on the Fair Market Value of the 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 Stock of the same class as the Stock subject to the Stock Option
may be authorized only at the time the Stock Option is granted. In addition, an
option agreement may provide that in the discretion of the Committee, payment
for any shares subject to a Stock Option may also be made by instruction to 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.
<PAGE>   9
THE DIAL CORPORATION
1996 STOCK INCENTIVE PLAN
PAGE 8

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

      No shares of Stock will be issued until full payment therefor has been
made. Subject to any forfeiture restrictions that may apply if a Stock Option is
exercised using Restricted Stock, an optionee will have all of the rights of a
stockholder of the Company holding the class or series of 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 11(a).

      (e) Nontransferability of Stock Options. (1) No Stock Option will be
transferable by the optionee other than (A) by will or by the laws of descent
and distribution or (B) in the case of a Non-Qualified Stock Option, pursuant to
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). All Stock Options will be exercisable, during the optionee's
lifetime, only by the optionee or by the guardian or legal representative of the
optionee, it being understood that the terms "holder" and "optionee" include the
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 pursuant to a qualified domestic relations order.

            (2) Notwithstanding Section 5(e)(1) above, the Committee may grant
      Stock Options that are transferable, or amend outstanding Stock Options to
      make them transferable, by the optionee (any such Stock Option so granted
      or amended a "Transferable Option") to one or more members of the
      optionee's immediate family, to partnerships of which the only partners
      are members of the optionee's immediate family, or to trusts established
      by the optionee for the benefit of one or more members of the optionee's
      immediate family. For this purpose the term "immediate family" means the
      optionee's spouse, children or grandchildren. Consideration may not be
      paid for the transfer of a Transferable Option. A transferee described in
      this Section 5(e)(2) will be subject to all terms and conditions
      applicable to the Transferable Option prior to its transfer. The option
      agreement with respect to a Transferable Option will set forth its
      transfer restrictions, such option agreement shall be approved by the
      Committee, and only Stock Options granted pursuant to a stock option
      agreement expressly permitting transfer pursuant to this Section 5(e)(2)
      will be so transferable.
<PAGE>   10
THE DIAL CORPORATION
1996 STOCK INCENTIVE PLAN
PAGE 9

      (f) Termination by Death. 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 or Retirement. If an optionee's
employment terminates by reason of Disability or 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 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 three-year period (or such shorter period), any
unexercised Stock Option held by such optionee shall, notwithstanding the
expiration of such three-year (or such shorter) period, continue to be
exercisable to the extent to which it was exercisable at the time of death for a
period of twelve (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 or 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 Non-Qualified Stock Option.

      (h) Other Termination. Unless otherwise determined by the Committee, (1)
if an optionee incurs a Termination of Employment for Cause, all Stock Options
held by such optionee will thereupon terminate and (2) if an optionee incurs a
Termination of Employment for any reason other than death, Disability,
Retirement, or Cause, any Stock Option held by such optionee shall thereupon
terminate, except that such Stock Option, to the extent then exercisable, or on
such accelerated basis as the Committee may determine, may be exercised for the
lesser of three (3) 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 twelve (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, 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 Non-Qualified Stock Option.
<PAGE>   11
THE DIAL CORPORATION
1996 STOCK INCENTIVE PLAN
PAGE 10

      (i) 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
Stock for which a Stock Option is being exercised by paying the optionee an
amount, in cash or Stock, equal to the excess of the Fair Market Value of the
Stock over the option price times the number of shares of Stock for which the
Option is being exercised on the effective date of such cash out.

      (j) 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
Stock being purchased under the Stock Option and by giving notice to the
Company, to elect (within the Exercise Period) to surrender all or part of the
Stock Option to the Company 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 Stock on the date of such election shall exceed the exercise price per share
of Stock under the Stock Option (the "Spread") multiplied by the number of
shares of Stock granted under the Stock Option as to which the right granted
under this Section 5(j) shall have been exercised.

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 Non-Qualified 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 will 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 will be entitled to receive an amount
determined in the manner prescribed in Section 6(b). Stock Options which have
been so surrendered will no longer be exercisable to the extent the related
Stock Appreciation Rights have been exercised.

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

            (1) Stock Appreciation Rights will 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.
<PAGE>   12
THE DIAL CORPORATION
1996 STOCK INCENTIVE PLAN
PAGE 11

            (2) Upon the exercise of a Stock Appreciation Right, an optionee
      will be entitled to receive an amount in cash, shares of Stock or both
      equal in value to the excess of the Fair Market Value of one share of
      Stock as of the date of exercise 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 has been exercised, with the
      Committee having the right to determine the form of payment.

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

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 will
determine the individuals 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, 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).

      (b) Awards and Certificates. Shares of Restricted Stock will be evidenced
in such manner as the Committee may deem appropriate, including book-entry
registration or issuance of one or more stock certificates. Except as otherwise
set forth in a Restricted Stock Agreement, any certificate issued in respect of
shares of Restricted Stock will be registered in the name of such participant
and will 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 1996 Stock Incentive Plan and a Restricted Stock
       Agreement. Copies of such Plan and Agreement are on file at the office of
       The Dial Corporation, 15501 North Dial Boulevard, Scottsdale, Arizona
       85260-1619."

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

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

            (1) The Committee may, prior to or at the time of grant, designate
      an Award of Restricted Stock as a Qualified Performance-Based Award, in
      which event it will condition the grant or vesting, as applicable, of such
      Restricted Stock upon the
<PAGE>   13
THE DIAL CORPORATION
1996 STOCK INCENTIVE PLAN
PAGE 12

      attainment of Performance Goals. If the Committee does not designate an
      Award of Restricted Stock as a Qualified Performance-Based Award, it may
      also condition the grant or vesting thereof upon the attainment of
      Performance Goals. Regardless of whether an Award of Restricted Stock is a
      Qualified Performance-Based Award, the Committee may also condition the
      grant or vesting upon the continued service of the participant. The
      provisions of Restricted Stock Awards (including the conditions for grant
      or vesting and any applicable Performance Goals) need not be the same with
      respect to each recipient. The Committee may at any time, in its sole
      discretion, accelerate or waive, in whole or in part, any of the foregoing
      restrictions; provided, however, that in the case of Restricted Stock that
      is a Qualified Performance-Based Award, the applicable Performance Goals
      have been satisfied.

            (2) Subject to the provisions of the Plan (including Section 5(d))
      and the Restricted Stock Agreement referred to in Section 7(c)(7), during
      a period 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 (A) the expiration of the Restriction
      Period and (B) the date the applicable Performance Goals (if any) are
      satisfied, the participant will not be permitted to sell, assign,
      transfer, pledge or otherwise encumber shares of Restricted Stock.

            (3) Except as provided in this paragraph (3) and Sections 7(c)(1)
      and (2) and the Restricted Stock Agreement, the participant will have,
      with respect to the shares of Restricted Stock, all of the rights of a
      stockholder of the Company holding the class or series of Stock that is
      the subject of the Restricted Stock, including, if applicable, the right
      to vote the shares and the right to receive any dividends. If so
      determined by the Committee in the applicable Restricted Stock Agreement
      and subject to Section 11(f) of the Plan, (A) dividends consisting of
      cash, stock or other property (other than Stock) on the class or series of
      Stock that is the subject of the Restricted Stock shall be automatically
      deferred and reinvested in additional Restricted Stock (in the case of
      stock or other property, based on the fair market value thereof, and the
      Fair Market Value of the stock, in each case as of the record date for the
      dividend) held subject to the vesting of the underlying Restricted Stock,
      or held subject to meeting Performance Goals applicable to the underlying
      Restricted Stock, and (B) dividends payable in Stock shall be paid in the
      form of Restricted Stock of the same class as the Stock with which such
      dividend was paid and shall be held subject to the vesting of the
      underlying Restricted Stock, or held subject to meeting Performance Goals
      applicable to the underlying Restricted Stock.

            (4) Except to the extent otherwise provided in the applicable
      Restricted Stock Agreement and Sections 7(c)(1), 7(c)(2), 7(c)(5) and
      8(a)(2), upon a participant's Termination of Employment for any reason
      during the Restriction Period or before any applicable Performance Goals
      are met, all shares still subject to restriction shall be forfeited by the
      participant.
<PAGE>   14
THE DIAL CORPORATION
1996 STOCK INCENTIVE PLAN
PAGE 13

            (5) Except to the extent otherwise provided in Section 8(a)(2), in
      the event that a participant retires or such participant's employment is
      involuntarily terminated (other than for Cause), the Committee will have
      the discretion to waive in whole or in part any or all remaining
      restrictions (other than, in the case of Restricted Stock which is a
      Qualified Performance-Based Award, 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.

            (6) Except as otherwise provided herein or as required by law, if
      and when applicable Performance Goals are satisfied and the Restriction
      Period expires without a prior forfeiture of the Restricted Stock,
      unlegended certificates for such shares will be delivered to the
      participant upon surrender of legended certificates.

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

SECTION 8.    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:

            (1) Any Stock Options and Stock Appreciation Right outstanding as of
      the date such Change in Control is determined to have occurred and not
      then exercisable and vested will become fully exercisable and vested to
      the full extent of the original grant.

            (2) The restrictions and conditions to vesting 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.

      (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:

            (1) 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 (A) the then outstanding
      shares of common stock of the Company (the "Outstanding Company Common
      Stock") or (B) the combined voting power of the then outstanding voting
      securities of the Company entitled to vote generally in the election of
      directors (the "Outstanding Company Voting Securities"); excluding,
      however, the following: (i) any acquisition directly from the Company,
      other than an acquisition by virtue of the exercise of a conversion
      privilege unless the
<PAGE>   15
THE DIAL CORPORATION
1996 STOCK INCENTIVE PLAN
PAGE 14

      security being so converted was itself acquired directly from the Company,
      (ii) any acquisition by the Company, (iii) any acquisition by any employee
      benefit plan (or related trust) sponsored or maintained by the Company or
      any corporation controlled by the company or (iv) any acquisition by any
      corporation pursuant to a transaction which complies with clauses (A), (B)
      and (C) of subsection (3) of this Section 8(b); or

            (2) A change in the composition of the Board such that the
      individuals who, as of the date that the Distribution is effective,
      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 8(b), that
      any individual who becomes a member of the Board subsequent to the date
      that the Distribution is effective, whose election, or nomination for
      election by the Company's stockholders, was approved by 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) will 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 as 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 will not be considered as a member of the Incumbent
      Board; or

            (3) The approval by the stockholders of the Company of a
      reorganization, merger or consolidation or sale or other disposition of
      all or substantially all of the assets of the Company ("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, the earlier of the obtaining of
      such consent or the consummation of the Corporate Transaction); excluding,
      however, such a Corporate Transaction pursuant to which (A) all or
      substantially all of the individuals and entities who are the beneficial
      owners, respectively, of the Outstanding Company Common Stock and
      Outstanding Company 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
      Company or all or substantially all of the Company'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 Company Common Stock and Outstanding
      Company Voting Securities, as the case may be, (B) no Person (other than
      the Company, any employee benefit plan (or related trust) of the Company
      or such corporation resulting from such Corporate Transaction) will
      beneficially own,
<PAGE>   16
THE DIAL CORPORATION
1996 STOCK INCENTIVE PLAN
PAGE 15

      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 (C) individuals who were members of the
      Incumbent Board will constitute at least a majority of the members of the
      board of directors of the corporation resulting from such Corporate
      Transaction; or

            (4) The approval by the stockholders of the Company of a complete
      liquidation or dissolution of the Company.

      (c) Change in Control Price. For purposes of the Plan, "Change in Control
Price" means the higher of (1) the highest reported sales price, regular way, of
a share of 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
the NASDAQ National Market System or on NASDAQ during the 60-day period prior to
and including the date of a Change in Control or (2) if the Change in Control is
the result of a tender or exchange offer or a Corporate Transaction, the highest
price per share of Stock paid in such tender or exchange offer or Corporate
Transaction; provided, however, that in the case of Incentive Stock Options and
Stock Appreciation Rights relating to Incentive Stock Options, the Change in
Control Price will be in all cases the Fair Market Value of the 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 non-cash consideration will be determined in the
sole discretion of the Board.

SECTION 9.    TERM, AMENDMENT AND TERMINATION.

      The Plan will have no fixed termination date, but may be terminated at any
time by the Board. Awards outstanding as of the date of any such termination
will 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 (a) impair the rights of
an optionee under a Stock Option or a recipient of a Stock Appreciation Right or
Restricted Stock Award theretofore granted without the optionee's or recipient's
consent, except such an amendment which is necessary to cause any Award or
transaction under the Plan to qualify, or to continue to qualify, for the
exemption provided by Rule 16b-3, or (b) disqualify any Award or transaction
under the Plan from the exemption provided by Rule 16b-3. In addition, no such
amendment may be made without the approval of the Company's stockholders to the
extent such approval is required by law or agreement.
<PAGE>   17
THE DIAL CORPORATION
1996 STOCK INCENTIVE PLAN
PAGE 16

      The Committee may amend the terms of any Stock Option or other Award
theretofore granted, prospectively or retroactively, but no such amendment will
(1) impair the rights of any holder without the holder's consent except such an
amendment which is necessary to cause any Award or transaction under the Plan to
qualify, or to continue to qualify, for the exemption provided by Rule 16b-3 or
(2) amend any Qualified Performance-Based Award in such a way as to cause it to
cease to qualify for the exemption set forth in Section 162(m)(4)(C). The
Committee may also substitute new Stock Options for previously granted Stock
Options, including previously granted Stock Options having higher option prices.

      Subject to the above provisions, the Board will 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 10.   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 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 11.   GENERAL PROVISIONS.

      (a) The Committee may require each person purchasing or receiving shares
pursuant to an Award to represent to and agree with the Company 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.

      All certificates for shares of Stock or other securities delivered under
the Plan will be subject to such stock transfer orders and other restrictions as
the Committee may deem advisable under the rules, regulations and other
requirements of the Commission, any stock exchange upon which the Stock is then
listed and any applicable Federal or state securities law, and the Committee may
cause a legend or legends to be put on any such certificates to make appropriate
reference to such restrictions.

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

      (c) The adoption of the Plan will not confer upon any employee any right
to continued employment nor will it interfere in any way with the right of the
Company or any subsidiary or Affiliate to terminate the employment of any
employee at any time.
<PAGE>   18
THE DIAL CORPORATION
1996 STOCK INCENTIVE PLAN
PAGE 17

      (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 will pay to the Company, or
make arrangements satisfactory to the Company 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
Company, withholding obligations may be settled with Stock, including Stock that
is part of the Award that gives rise to the withholding requirement. The
obligations of the Company under the Plan will be conditional on such payment or
arrangements, and the Company and its Affiliates will, 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 the making of irrevocable elections, for the settlement
of withholding obligations with Stock.

      (e) At the time of grant, the Committee may provide in connection with any
grant made under the Plan that the shares of Stock received as a result of such
grant will be subject to a right of first refusal pursuant to which the
participant will be required to offer to the Company any shares that the
participant wishes to sell at the then Fair Market Value of the Stock, subject
to such other terms and conditions as the Committee may specify at the time of
grant.

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

      (g) The Committee will 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.

      (h) Notwithstanding any other provision of the Plan or any agreement
relating to any Award hereunder, if any right granted pursuant to this Plan
would make a Change in Control transaction ineligible for
pooling-of-interests-accounting under APE No. 16 that, but for the nature of
such grant, would otherwise be eligible for such accounting treatment, the
Committee will have the ability, in its sole discretion, 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.
<PAGE>   19
THE DIAL CORPORATION
1996 STOCK INCENTIVE PLAN
PAGE 18

SECTION 12.   EFFECTIVE DATE OF PLAN

      The Plan shall be effective on August 15, 1996.

SECTION 13.   DIRECTOR STOCK OPTIONS.

      (a) Each director of the Company who is not otherwise an employee of the
Company or any of its subsidiaries or Affiliates, will automatically be granted
Non-Qualified Stock Options to purchase Common Stock having an exercise price
per share of Common Stock equal to 100% of Fair Market Value per share of Common
Stock at the date of grant of such Non-Qualified Stock Option as follows: (1) on
the date of his or her first election as a director of the Company, which
election will be deemed to occur on August 15, 1996 for individuals who become
directors of the Company in connection with the Distribution (any such initial
grant, an "Initial Grant"), (2) on June 7, 2001 and thereafter annually, on the
date of the Annual Stockholders Meeting, during such director's term (the
"Annual Grant"), and (3) on the date of the Annual Stockholders Meeting in any
year in which a director will complete his or her first and each successive five
years of service (the "Refresher Grant"). The number of shares subject to each
such Initial Grant, Annual Grant and Refresher Grant, will be equal to the
annual retainer fee in effect at the date of the respective grant for
nonemployee directors of the Company divided by an amount equal to one-third
(1/3) of the Fair Market Value of the Common Stock at the date of grant, rounded
to the nearest 100 shares. A nonemployee director elected during the course of a
year (i.e., on a date other than the date of the Annual Grant) will, in addition
to the Initial Grant, receive upon election a grant of Non-Qualified Stock
Options prorated for the year in which the election occurs, with the number of
shares of Common Stock subject to such Stock Options being equal to (1) the
number of shares subject to the Initial Grant multiplied by (2) a fraction the
numerator of which is the number of full calendar months from the date of such
election through the date of the next Annual Grant and the denominator of which
is twelve.

      (b) An automatic director Stock Option will be granted hereunder only if
as of each date of grant the director (1) is not otherwise an employee of the
Company or any of its subsidiaries or Affiliates, (2) has not been an employee
of the Company or any of its subsidiaries or Affiliates for any part of the
preceding fiscal year, and (3) has served on the Board continuously since the
commencement of his term.

      (c) Except as expressly provided in this Section 13, any Stock Option
granted hereunder will be subject to the terms and conditions of the Plan as if
the grant were made pursuant to Section 5 hereof including, without limitation,
the rights set forth in Section 5(j) hereof.
<PAGE>   20
THE DIAL CORPORATION
1996 STOCK INCENTIVE PLAN
PAGE 19

SECTION 14.   DEFERRAL OF STOCK OPTIONS

      (a) The Committee may, in its discretion, permit optionees to elect to
defer the issuance of Common Stock upon the exercise of one or more
Non-Qualified Stock Options granted pursuant to the Plan (including, but not
limited to, Replacement Awards). All such deferrals shall be made by the
delivery of a written election (in such form as may be prescribed by the
Committee) by an optionee at such time as may be established by the Committee
for such purpose and, once made, shall be irrevocable; provided, however, that
such election shall (i) be made at least six (6) months prior to the initial
exercise in respect of such Non-Qualified Stock Option and (ii) apply to the
entirety of such Non-Qualified Stock Option.

      (b) Notwithstanding any other provision of the Plan, the exercise price of
a Non-Qualified Stock Option in respect of which a deferral election has been
made pursuant to this Section 14 shall be paid by delivery of unrestricted
Common Stock owned by the optionee for at least six (6) months prior to the date
of exercise or such other Common Stock as the Committee may authorize (the
"Previously Owned Shares").

      (c) Upon the exercise of a Non-Qualified Stock Option in respect of which
a deferral election has been made, a number of shares equal to the number of
shares of Common Stock which would otherwise have been received by the optionee
in excess of the Previously Owned Shares if such deferral election had not been
made (the "Deferred Shares") shall be credited to an account maintained on
behalf of the optionee pursuant to the Plan; provided, however, that, subject to
Section 10, the Company may (but shall not be required to) actually cause shares
of Common Stock to be delivered to one or more trusts or other arrangements to
satisfy its obligations created under the Plan to deliver Deferred Shares to
optionees.

      (d) Upon the making of a deferral election pursuant to this Section 14, an
optionee shall elect on a form and in such manner as the Committee shall
prescribe the time or times at which the Deferred Shares shall be delivered to
the optionee (or, in the event of the optionee's death, to his or her
beneficiary). Notwithstanding the election by an optionee, upon Termination of
an optionee's employment for Cause, all Deferred Shares shall be delivered to
such optionee in a lump sum as promptly as practicable after his or her
Termination.

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