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                                    BYLAWS OF
                       WORLDWIDE RESTAURANT CONCEPTS, INC.
                            (A DELAWARE CORPORATION)
                        EFFECTIVE AS OF SEPTEMBER 4, 2001

                                    ARTICLE I

                                     OFFICES

               SECTION 1.01 Registered Office. The registered office of
        Worldwide Restaurant Concepts, Inc. (hereinafter called the
        "Corporation") in the State of Delaware shall be at 1013 Centre Road,
        Wilmington, Delaware, New Castle County, and the name of the registered
        agent at that address shall be Corporation Service Company.

               SECTION 1.02 Principal Office. The principal office for the
        transaction of the business of the Corporation shall be at 6101 West
        Centinela Avenue, Suite 200, Culver City, California, Los Angeles
        County. The Board of Directors (hereinafter called the "Board") is
        hereby granted full power and authority to change said principal office
        from one location to another.

               SECTION 1.03 Other Offices. The Corporation may also have an
        office or offices at such other place or places, either within or
        without the State of Delaware, as the Board may from time to time
        determine or as the business of the Corporation may require.

                                   ARTICLE II

                            MEETINGS OF STOCKHOLDERS

               SECTION 2.01 Annual Meetings. Annual meetings of the stockholders
        of the Corporation for the purpose of electing directors and for the
        transaction of such other proper business as may come before such
        meetings may be held at such time, date and place as the Board shall
        determine by resolution.

               SECTION 2.02 Special Meetings. Special meetings of the
        stockholders of the Corporation for any purpose or purposes may be
        called at any time by the Board, or by a committee of the Board which
        has been duly designated by the Board and whose powers and authority, as
        provided in a resolution of the Board or in the Bylaws, include the
        power to call such meetings, but such special meetings may not be called
        by any other person or persons; provided, however, that if and to the
        extent that any special meeting of

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        stockholders may be called by any other person or persons specified in
        any provisions of the Certificate of Incorporation or any amendment
        thereto or any certificate filed under Section 151(g) of the Delaware
        General Corporation Law (or its successor statute as in effect from time
        to time hereafter), then such special meeting may also be called by the
        person or persons, in the manner, at the times and for the purposes so
        specified.

               SECTION 2.03 Place of Meetings. All meetings of the stockholders
        shall be held at such places, within or without the State of Delaware,
        as may from time to time be designated by the person or persons calling
        the respective meeting and specified in the respective notices or
        waivers of notice thereof.

               SECTION 2.04 Notice of Meetings. Except as otherwise required by
        law, notice of each meeting of the stockholders, whether annual or
        special, shall be given not less than ten (10) nor more than sixty (60)
        days before the date of the meeting to each stockholder of record
        entitled to vote at such meeting by delivering a typewritten or printed
        notice thereof to him personally, or by depositing such notice in the
        United States mail, in a postage prepaid envelope, directed to him at
        his post office address furnished by him to the Secretary of the
        Corporation for such purpose or, if he shall not have furnished to the
        Secretary his address for such purpose, then at his post office address
        last known to the Secretary, or by transmitting a notice thereof to him
        at such address by telegraph, cable, or wireless. Except as otherwise
        expressly required by law, no publication of any notice of a meeting of
        the stockholders shall be required. Every notice of a meeting of the
        stockholders shall state the place, date and hour of the meeting, and,
        in the case of a special meeting, shall also state the purpose or
        purposes for which the meeting is called. Notice of any meeting of
        stockholder shall not be required to be given to any stockholder who
        shall have waived such notice and such notice shall be deemed waived by
        any stockholder who shall attend such meeting in person or by proxy,
        except as a stockholder who shall attend such meeting for the express
        purpose of objecting, at the beginning of the meeting, to the
        transaction of any business because the meeting is not lawfully called
        or convened. Except as otherwise expressly required by law, notice of
        any adjourned meeting of the stockholders need not be given if the time
        and place thereof are announced at the meeting at which the adjournment
        is taken.

               SECTION 2.05 Quorum. Except in the case of any meeting for the
        election of directors summarily ordered as provided by law, the holders
        of record of a majority in voting interest of the shares of stock of the
        Corporation entitled to be voted thereat, present in person or by proxy,
        shall constitute a quorum for the transaction of business at any meeting
        of the stockholders of the Corporation or any adjournment thereof. In
        the absence of a quorum at any meeting or any adjournment thereof, a
        majority in voting interest of the stockholders present in person or by
        proxy and entitled to vote thereat or, in the absence therefrom of all

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        the stockholders, any officer entitled to preside at, or to act as
        secretary of, such meeting may adjourn such meeting from time to time.
        At any such adjourned meeting at which a quorum is present any business
        may be transacted which might have been transacted at the meeting as
        originally called.

               SECTION 2.06  Voting.

                      (a) Each stockholder shall, at each meeting of the
               stockholders, be entitled to vote in person or by proxy each
               share or fractional share of the stock of the Corporation having
               voting rights on the matter in question and which shall have been
               held by him and registered in his name on the books of the
               Corporation:

                             (i) on the date fixed pursuant to Section 6.05 of
                      these Bylaws as the record date for the determination of
                      stockholders entitled to notice of and to vote at such
                      meeting, or
                             (ii) if no such record date shall have been so
                      fixed, then (a) at the close of business on the day next
                      preceding the day on which notice of the meeting shall be
                      given or (b) if notice of the meeting shall be waived, at
                      the close of business on the day next preceding the day on
                      which the meeting shall be held.

                      (b) Shares of its own stock belonging to the Corporation
               or to another corporation, if a majority of the shares entitled
               to vote in the election of directors in such other corporation is
               held, directly or indirectly, by the Corporation, shall neither
               be entitled to vote nor be counted for quorum purposes. Persons
               holding stock of the Corporation in a fiduciary capacity shall be
               entitled to vote such stock. Persons whose stock is pledged shall
               be entitled to vote, unless in the transfer by the pledgor on the
               books of the Corporation he shall have expressly empowered the
               pledgee to vote thereon, in which case only the pledgee, or his
               proxy, may represent such stock and vote thereon. Stock having
               voting power standing of record in the names of two or more
               persons, whether fiduciaries, members of a partnership, joint
               tenants in common, tenants by entirety or otherwise, or with
               respect to which two or more persons have the same fiduciary
               relationship, shall be voted in accordance with the provisions of
               the General Corporation Law of the State of Delaware.

                      (c) Any such voting rights may be exercised by the
               stockholder entitled thereto in person or by his proxy appointed
               by an instrument in writing, subscribed by such stockholder or by
               his attorney thereunto authorized and delivered to the secretary
               of the meeting; provided, however, that no proxy shall be voted
               or acted upon after three years from its date unless said proxy
               shall provide for a longer period. The attendance at any meeting
               of a stockholder who may theretofore have

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               given a proxy shall not have the effect of revoking the same
               unless he shall in writing so notify the secretary of the meeting
               prior to the voting of the proxy. At any meeting of the
               stockholders all matters, except as otherwise provided in the
               Certificate of Incorporation, in these Bylaws or by law, shall be
               decided by the vote of a majority in voting interest of the
               stockholders present in person or by proxy and entitled to vote
               thereat and thereon, a quorum being present. The vote at any
               meeting of the stockholders on any question need not be by
               ballot, unless so directed by the chairman of the meeting. On a
               vote by ballot each ballot shall be signed by the stockholder
               voting, or by his proxy, if there be such proxy, and it shall
               state the number of shares voted.

               SECTION 2.07 List of Stockholders. The Secretary of the
        Corporation shall prepare and make, at least ten (10) days before every
        meting of stockholders, a complete list of the stockholders entitled to
        vote at the meeting, arranged in alphabetical order, and showing the
        address of each stockholder and the number of shares registered in the
        name of each stockholder. Such list shall be open to the examination of
        any stockholder, for any purpose germane to the meeting, during ordinary
        business hours, for a period of at least ten (10) days prior to the
        meeting, either at a place within the city where the meeting is to be
        held, which place shall be specified in the notice of the meeting, or,
        if not so specified, at the place where the meeting is to be held. The
        list shall also be produced and kept at the time and place of the
        meeting during the whole time thereof, and may be inspected by any
        stockholder who is present.

               SECTION 2.08 Judges. If at any meeting of the stockholders a vote
        by written ballot shall be taken on any question, the chairman of such
        meeting may appoint a judge or judges to act with respect to such vote.
        Each judge so appointed shall first subscribe an oath faithfully to
        execute the duties of a judge at such meeting with strict impartiality
        and according to the best of his ability. Such judges shall decide upon
        the qualification of the voters and shall report the number of shares
        represented at the meeting and entitled to vote on such question, shall
        conduct and accept the votes, and, when the voting is completed, shall
        ascertain and report the number of shares voted respectively for and
        against the question. Reports of judges shall be in writing and
        subscribed and delivered by them to the Secretary of the Corporation.
        The judges need not be stockholders of the Corporation, and any officer
        of the Corporation may be a judge on any question other than a vote for
        or against a proposal in which he shall have a material interest.

               SECTION 2.09 Advance Notice of Stockholder Proposals and
        Stockholder Nominations.

                      (a) At any meeting of the stockholders, only such business
               shall be conducted as shall have been brought before the meeting
               (i) by or

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               at the direction of the Board or (ii) by any stockholder of the
               Corporation who complies with the notice procedures set forth in
               this Section 2.09(a). For business to be properly brought before
               any meeting of the stockholders by a stockholder, the stockholder
               must have given notice thereof in writing to the Secretary of the
               Corporation not less than 90 days in advance of such meeting or,
               if later, the seventh day following the first public announcement
               of the date of such meeting. A stockholder's notice to the
               Secretary shall set forth as to each matter the stockholder
               proposes to bring before the meeting (1) a brief description of
               the business desired to be brought before the meeting and the
               reasons for conducting such business at the meeting, (2) the name
               and address, as they appear on the Corporation's books, of the
               stockholder proposing such business, (3) the class and number of
               shares of the Corporation that are beneficially owned by the
               stockholder, and (4) any material interest of the stockholder in
               such business. In addition, the stockholder making such proposal
               shall promptly provide any other information reasonably requested
               by the Corporation. Notwithstanding anything in these Bylaws to
               the contrary, no business shall be conducted at any meeting of
               the stockholders except in accordance with the procedures set
               forth in this Section 2.09. The Chairman of any such meeting
               shall direct that any business not properly brought before the
               meeting shall not be considered.

                      (b) Nominations for the election of directors may be made
               by the Board or by any stockholder entitled to vote in the
               election of directors; provided, however, that a stockholder may
               nominate a person for election as a director at a meeting only if
               written notice of such stockholder's intent to make such
               nomination has been given to the Secretary of the Corporation not
               later than 90 days in advance of such meeting or, if later, the
               seventh day following the first public announcement of the date
               of such meeting. Each such notice shall set forth: (i) the name
               and address of the stockholder who intends to make the nomination
               and of the person or persons to be nominated; (ii) a
               representation that the stockholder is a holder of record of
               stock of the Corporation entitled to vote at such meeting and
               intends to appear in person or by proxy at the meeting and
               nominate the person or persons specified in the notice; (iii) a
               description of all arrangements or understandings between the
               stockholder and each nominee and any other person or persons
               (naming such person or persons) pursuant to which the nomination
               or nominations are to be made by the stockholder; (iv) such other
               information regarding each nominee proposed by such stockholder
               as would be required to be included in a proxy statement filed
               pursuant to the proxy rules of the United States Securities and
               Exchange Commission had the nominee been nominated, or intended
               to be nominated, by the Board; and (v) the consent of each
               nominee to serve as a director of the Corporation if so elected.
               In addition, the stockholder making such nomination shall
               promptly provide any other information reasonably

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               requested by the Corporation. No person shall be eligible for
               election as a director of the Corporation unless nominated in
               accordance with the procedures set forth in this Section 2.09
               (b). The Chairman of any meeting of stockholders shall direct
               that any nomination not made in accordance with these procedures
               be disregarded.

                                   ARTICLE III

                               BOARD OF DIRECTORS

               SECTION 3.01 General Powers. The property, business and affairs
        of the Corporation shall be managed by the Board.

               SECTION 3.02 Number and Term of Office. The authorized number of
        directors of the Corporation shall be seven (7) and such authorized
        number shall not be changed except by a Bylaw or amendment thereof duly
        adopted by the stockholders in accordance with the Certificate of
        Incorporation or by the Board amending this Section 3.02. Each of the
        directors of the Corporation shall hold office until his successor shall
        have been duly elected and shall qualify or until he shall resign or
        shall have been removed in the manner hereinafter provided.

               SECTION 3.03 Election of Directors. The directors shall be
        elected by the stockholders of the Corporation, and at each election the
        persons receiving the greatest number of votes, up to the number of
        directors then to be elected, shall be the persons then elected. The
        election of directors is subject to any provisions contained in the
        Certificate of Incorporation relating thereto, including any provisions
        for a classified board and for cumulative voting. Nominations of persons
        to serve as directors must be submitted to the Secretary of the
        Corporation not less than ten (10) days prior to the meeting of
        stockholders at which directors shall be elected.

               SECTION 3.04 Resignations. Any director of the Corporation may
        resign at any time by giving written notice to the Board or to the
        Secretary of the Corporation. Any such resignation shall take effect at
        the time specified therein, or, if the time be not specified, it shall
        take effect immediately upon its receipt; and unless otherwise specified
        therein, the acceptance of such resignation shall not be necessary to
        make it effective.

               SECTION 3.05 Vacancies. Except as otherwise provided in the
        Certificate of Incorporation, any vacancy in the Board, whether because
        of death, resignation, disqualification, an increase in the number of
        directors, or any other cause, may be filled by vote of the majority of
        the remaining directors, although less than a quorum. Each director so
        chosen to fill a vacancy shall hold office

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        until his successor shall have been elected and shall qualify or until
        he shall resign or shall have been removed.

               SECTION 3.06 Place of Meeting, Etc. The Board may hold any of its
        meetings at such place or places within or without the State of Delaware
        as the Board may from time to time by resolution designate or as shall
        be designated by the person or persons calling the meeting or in the
        notice or a waiver of notice of any such meeting. Directors may
        participate in any regular or special meeting of the Board by means of
        conference telephone or similar communications equipment pursuant to
        which all persons participating in the meeting of the Board can hear
        each other, and such participation shall constitute presence in person
        at such meeting.

               SECTION 3.07 First Meeting. The Board shall meet as soon as
        practicable after each annual election of directors and notice of such
        first meeting shall not be required.

               SECTION 3.08 Regular Meetings. Regular meetings of the Board may
        be held at such times as the Board shall from time to time by resolution
        determine. If any day fixed for a regular meeting shall be a legal
        holiday at the place where the meeting is to be held, then the meeting
        shall be held at the same hour and place on the next succeeding business
        day not a legal holiday. Except as provided by law, notice of regular
        meetings need not be given.

               SECTION 3.09 Special Meetings. Special meetings of the Board may
        be called at any time by the Chairman of the Board or the President or
        by any two (2) directors, to be held at the principal office of the
        Corporation, or at such other place or places, within or without the
        State of Delaware, as the person or persons calling the meeting may
        designate.

               Notice of all special meetings of the Board shall be given to
        each director by two (2) days' service of the same by telegram, by
        letter, or personally. Such notice may be waived by any director and any
        meeting shall be a legal meeting without notice having been given if all
        the directors shall be present thereat or if those not present shall,
        either before or after the meeting, sign a written waiver of notice of,
        or a consent to, such meeting or shall after the meeting sign the
        approval of the minutes thereof. All such waivers, consents or approvals
        shall be filed with the corporate records or be made part of the minutes
        of the meeting.

               SECTION 3.10 Quorum and Manner of Acting. Except as otherwise
        provided in these Bylaws or by law, the presence of a majority of the
        authorized number of directors shall be required to constitute a quorum
        for the transaction of business at any meeting of the Board, and all
        matters shall be decided at any such meeting, a quorum being present, by
        the affirmative votes of a majority of the directors present. In the
        absence of a quorum, a majority of

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        directors present at any meeting may adjourn the same from time to time
        until a quorum shall be present. Notice of any adjourned meeting need
        not be given. The directors shall act only as a Board, and the
        individual directors shall have no power as such.

               SECTION 3.11 Action by Consent. Any action required or permitted
        to be taken at any meeting of the Board or of any committee thereof may
        be taken without a meeting if a written consent thereto is signed by all
        members of the Board or of such committee, as the case may be, and such
        written consent is filed with the minutes of proceedings of the Board or
        committee.

               SECTION 3.12 Compensation. No stated salary need be paid
        directors, as such, for their services, but, by resolution of the Board,
        a fixed sum and expenses of attendance, if any, may be allowed for
        attendance at each regular or special meeting of the Board or an annual
        directors' fee may be paid; provided that nothing herein contained shall
        be construed to preclude any director from serving the Corporation in
        any other capacity and receiving compensation therefor. Members of
        special or standing committees may be allowed like compensation for
        attending committee meetings.

               SECTION 3.13 Committees. The Board may, by resolution passed by a
        majority of the whole Board, designate one or more committees, each
        committee to consist of one or more of the directors of the Corporation.
        Any such committee, to the extent provided in the resolution of the
        Board, and except as otherwise limited by law, shall have and may
        exercise all the powers and authority of the Board in the management of
        the business and affairs of the Corporation, and may authorize the seal
        of the Corporation to be affixed to all papers which may require it; but
        no such committee shall have any power or authority in reference to
        amending the Certificate of Incorporation, adopting an agreement of
        merger or consolidation, recommending to the stockholders the sale,
        lease or exchange of all or substantially all of the Corporation's
        property and assets, recommending to the stockholders a dissolution of
        the Corporation or a revocation of the dissolution, or amending the
        Bylaws of the Corporation; and unless the resolution of the Board
        expressly so provides, no such committee shall have the power or
        authority to declare a dividend or to authorize the issuance of stock.
        Any such committee shall keep written minutes of its meetings and report
        the same to the Board at the next regular meeting of the Board.

               SECTION 3.14 Officers of the Board. The Board shall have a
        Chairman of the Board and may, at the discretion of the Board, have a
        Vice Chairman. The Chairman of the Board and the Vice Chairman shall be
        appointed from time to time by the Board and shall have such powers and
        duties as shall be designated by the Board.

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                                   ARTICLE IV

                                    OFFICERS

               SECTION 4.01 Officers. The officers of the Corporation shall be a
        Chairman of the Board, a Chief Executive Officer, a President, a Chief
        Financial Officer and Treasurer, one or more Vice Presidents and a
        Secretary. The Corporation may also have, at the discretion of the
        Board, a Chief Operating Officer, one or more Assistant Vice Presidents,
        one or more Assistant Secretaries, one or more Assistant Treasurers and
        such other officers as may be appointed in accordance with the
        provisions of Section 4.03 of this Article IV. One person may hold two
        or more offices, except that the Secretary may not also hold the office
        of President or Chief Executive Officer.

               SECTION 4.02 Election. The officers of the Corporation, except
        such officers as may be appointed in accordance with the provisions of
        Section 4.03 or Section 4.05 of this Article, shall be chosen annually
        by the Board, and each shall hold his office until he shall resign or
        shall be removed or otherwise disqualified to serve, or his successor
        shall be elected and qualified.

               SECTION 4.03 Subordinate Officers, Etc. The Board may appoint
        such other officers as the business of the Corporation may require, each
        of whom shall have such authority and perform such duties as are
        provided in these Bylaws or as the Board may from time to time specify,
        and shall hold office until he shall resign or shall be removed or
        otherwise disqualified to serve.

               SECTION 4.04 Removal and Resignation. Any officer may be removed,
        either with or without cause, by a majority of the directors at the time
        in office, at any regular or special meeting of the Board, or, except in
        case of an officer chosen by the Board, by any officer upon whom such
        power of removal may be conferred by the Board.

               Any officer may resign at any time by giving written notice to
        the Board, the Chairman of the Board, the President or the Secretary of
        the Corporation. Any such resignation shall take effect at the date of
        the receipt of such notice or at any later time specified therein; and
        unless otherwise specified therein, the acceptance of such resignation
        shall not be necessary to make it effective.

               SECTION 4.05 Vacancies. A vacancy in any office because of death,
        resignation, removal, disqualification or any other cause shall be
        filled in the manner prescribed in the Bylaws for the regular
        appointments to such office.

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               SECTION 4.06 Chairman of the Board. The Chairman of the Board
        shall, subject to the control of the Board, serve a general oversight,
        planning and policy making function, shall preside at all meetings of
        stockholders and at all meetings of the Board, and shall perform such
        other functions as determined from time to time by the Board.

               SECTION 4.07 Chief Executive Officer. The Chief Executive Officer
        of the Corporation shall, subject to the control of the Board, have
        general supervision, direction and control of the business and affairs
        of the Corporation. In the absence of the Chairman of the Board, he
        shall preside at all meetings of stockholders. He shall have the general
        powers and duties of management usually vested in the chief executive
        officer of a corporation, and shall have such other powers and duties
        with respect to the administration of the business and affairs of the
        Corporation as may from time to time be assigned to him by the Board or
        as is prescribed by the Bylaws.

               SECTION 4.08 President. The President shall exercise and perform
        such powers and duties with respect to the administration of the
        business and affairs of the Corporation as may from time to time be
        assigned to such officer by the Chief Executive Officer (unless the
        President is also the Chief Executive Officer) or by the Board or as is
        prescribed by the Bylaws. In the absence or disability of the Chief
        Executive Officer, the President shall perform all of the duties of the
        Chief Executive Officer and when so acting shall have all of the powers
        and be subject to all the restrictions upon the Chief Executive Officer.

               SECTION 4.09 Vice Presidents. The Vice Presidents shall exercise
        and perform such powers and duties with respect to the administration of
        the business and affairs of the Corporation as may from time to time be
        assigned to each of them by the President or by the Chief Executive
        Officer or by the Board or as is prescribed by the Bylaws. In the
        absence or disability of the President, the Vice Presidents, in order of
        their rank as fixed by the Board, or if not ranked, the Vice President
        designated by the Board, shall perform all of the duties of the
        President and when so acting shall have all of the powers of and be
        subject to all the restrictions upon the President.

               SECTION 4.10 The Chief Financial Officer and Treasurer. The Chief
        Financial Officer and Treasurer shall keep and maintain, or cause to be
        kept and maintained, adequate and correct accounts of the properties and
        business transactions of the Corporation, including accounts of its
        assets, liabilities, receipts, disbursements, gains, losses, capital,
        surplus and shares. Any surplus, including earned surplus, paid-in
        surplus and surplus arising from a reduction of capital, shall be
        classified according to source and shown in a separate account. The
        books of account shall at all reasonable times be open to inspection by
        any director.

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               The Chief Financial Officer and Treasurer shall deposit all
        moneys and other valuables in the name and to the credit of the
        Corporation with such depositories as may be designated by the Board. He
        shall disburse the funds of the Corporation as may be ordered by the
        Board, shall render to the President, to the Chief Executive Officer,
        and to the directors, whenever they request it, an account of all his
        transactions as Chief Financial Officer and Treasurer and of the
        financial condition of the Corporation, and shall have such other powers
        and perform such other duties as may be prescribed by the Board or these
        Bylaws.

               SECTION 4.11 Secretary. The Secretary shall keep, or cause to be
        kept, a book of minutes at the principal office for the transaction of
        the business of the Corporation, or such other place as the Board may
        order, of all meetings of directors and stockholders, with the time and
        place of holding, whether regular or special, and if special, how
        authorized and the notice thereof given, the names of those present at
        directors' meetings, the number of shares present or represented at
        stockholders' meetings and the proceedings thereof.

               The Secretary shall keep, or cause to be kept, at the principal
        office for the transaction of the business of the Corporation or at the
        office of the Corporation's transfer agent, a share register, or a
        duplicate share register, showing the names of the stockholders and
        their addresses; the number and classes of shares held by each; the
        number and date of certificates issued for the same; and the number and
        date of cancellation of every certificate surrendered for cancellation.

               The Secretary shall give, or cause to be given, notice of all the
        meetings of the stockholders and of the Board required by these Bylaws
        or by law to be given, and he shall keep the seal of the Corporation in
        safe custody, and shall have such other powers and perform such other
        duties as may be prescribed by the Board or these Bylaws. If for any
        reason the Secretary shall fail to give notice of any special meeting of
        the Board called by one or more of the persons identified in Section
        3.09, or if he shall fail to give notice of any special meeting of the
        stockholders called by one or more of the persons identified in Section
        2.02, then any such person or persons may give notice of any such
        special meeting.

               SECTION 4.12 Compensation. The compensation of the officers of
        the Corporation shall be fixed from time to time by the Board. None of
        such officers shall be prevented from receiving such compensation by
        reason of the fact that he is also a director of the Corporation.
        Nothing contained herein shall preclude any officer from serving the
        Corporation, or any subsidiary corporation, in any other capacity and
        receiving such compensation by reason of the fact that he is also a
        director of the Corporation. Nothing contained herein shall preclude any
        officer from serving the Corporation, or any subsidiary corporation, in
        any other capacity and receiving proper compensation therefor.

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                                    ARTICLE V

                 CONTRACTS, CHECKS, DRAFTS, BANK ACCOUNTS, ETC.

               SECTION 5.01 Execution of Contracts. The Board, except as in
        these Bylaws otherwise provided, may authorize any officer or officers,
        agent or agents, to enter into any contract or execute any instrument in
        the name and on behalf of the Corporation, and such authority may be
        general or confined to specific instances; and unless so authorized by
        the Board or by these Bylaws, no officer, agent or employee shall have
        any power or authority to bind the Corporation by any contract or
        engagement or to pledge its credit or to render it liable for any
        purpose or in any amount.

               SECTION 5.02 Checks, Drafts, Etc. All checks, drafts or other
        orders for payment of money, notes or other evidence of indebtedness,
        issued in the name of or payable to the Corporation, shall be signed or
        endorsed by such person or persons and in such manner as, from time to
        time, shall be determined by resolution of the Board. Each such person
        shall give such bond, if any, as the Board may require.

               SECTION 5.03 Deposits. All funds of the Corporation not otherwise
        employed shall be deposited from time to time to the credit of the
        Corporation in such banks, trust companies or other depositories as the
        Board may select, or as may be selected by any officer or officers,
        assistant or assistants, agent or agents, or attorney or attorneys of
        the Corporation to whom such power shall have been delegated by the
        Board. For the purpose of deposit and for the purpose of collection for
        the account of the Corporation, the Chief Executive Officer, the
        President, any Vice President or the Chief Financial Officer and
        Treasurer (or any other officer or officers, assistant or assistants,
        agent or agents, or attorney or attorneys of the Corporation who shall
        from time to time be determined by the Board) may endorse, assign and
        deliver checks, drafts and other orders for the payment of money which
        are payable to the order of the Corporation.

               SECTION 5.04 General and Special Bank Accounts. The Board may
        from time to time authorize the opening and keeping of general and
        special bank accounts with such banks, trust companies or other
        depositories as the Board may select or as may be selected by any
        officer or officers, assistant or assistants, agent or agents, or
        attorney or attorneys of the Corporation to whom such power shall have
        been delegated by the Board. The Board may make such special rules and
        regulations with respect to such bank accounts, not inconsistent with
        the provisions of these Bylaws, as it may deem expedient.

                                   EXHIBIT 4.3

                                       23
<PAGE>

                                   ARTICLE VI

                            SHARES AND THEIR TRANSFER

               SECTION 6.01 Certificates for Stock. Every owner of stock of the
        Corporation shall be entitled to have a certificate or certificates, to
        be in such form as the Board shall prescribe, certifying the number and
        class of shares of the stock of the Corporation owned by him. The
        certificates representing shares of such stock shall be numbered in the
        order in which they shall be issued and shall be signed in the name of
        the Corporation by the Chairman of the Board, the President, or a Vice
        President, and by the Secretary or an Assistant Secretary or by the
        Treasurer or an Assistant Treasurer. Any or all of the signatures on the
        certificates may be a facsimile. In case any officer, transfer agent or
        registrar who has signed, or whose facsimile signature has been placed
        upon, any such certificate shall thereafter have ceased to be such
        officer, transfer agent or registrar before such certificate is issued,
        such certificate may nevertheless be issued by the Corporation with the
        same effect as though the person who signed such certificate, or whose
        facsimile signature shall have been placed thereupon, were such officer,
        transfer agent or registrar at the date of issue. A record shall be kept
        of the respective names of the persons, firms or corporations owning the
        stock represented by such certificates, the number and class of shares
        represented by such certificates, respectively, and the respective dates
        thereof, and in case of cancellation, the respective dates of
        cancellation. Every certificate surrendered to the Corporation for
        exchange or transfer shall be canceled, and no new certificate or
        certificates shall be issued in exchange for any existing certificate
        until such existing certificate shall have been so canceled, except in
        cases provided for in Section 6.04.

               SECTION 6.02 Transfers of Stock. Transfers of shares of stock of
        the Corporation shall be made only on the books of the Corporation by
        the registered holder thereof, or by his attorney thereunto authorized
        by power of attorney duly executed and filed with the Secretary, or with
        a transfer clerk or a transfer agent appointed as provided in Section
        6.03, and upon surrender of the certificate or certificates for such
        shares properly endorsed and the payment of all taxes thereon. The
        person in whose name shares of stock stand on the books of the
        Corporation shall be deemed the owner thereof for all purposes as
        regards the Corporation. Whenever any transfer of shares shall be made
        for collateral security, and not absolutely, such fact shall be stated
        expressly in the entry of transfer if, when the certificate or
        certificates shall be presented to the Corporation for transfer, both
        the transferor and the transferee request the Corporation to do so.

               SECTION 6.03 Regulations. The Board may make such rules and
        regulations as it may deem expedient, not inconsistent with these
        Bylaws,

                                   EXHIBIT 4.3

                                       24
<PAGE>

        concerning the issue, transfer and registration of certificates for
        shares of the stock of the Corporation. It may appoint, or authorize any
        officer or officers to appoint, one or more transfer clerks or one or
        more transfer agents and one or more registrars, and may require all
        certificates for stock to bear the signature or signatures of any of
        them.

               SECTION 6.04 Lost, Stolen, Destroyed, and Mutilated Certificates.
        In any case of loss, theft, destruction, or mutilation of any
        certificate of stock, another may be issued in its place upon proof of
        such loss, theft, destruction, or mutilation and upon the giving of a
        bond of indemnity to the Corporation in such form and in such sum as the
        Board may direct; provided, however, that a new certificate may be
        issued without requiring any bond when, in the judgment of the Board, it
        is proper to do so.

               SECTION 6.05 Fixing Date for Determination of Stockholders of
        Record. In order that the Corporation may determine the stockholders
        entitled to notice of or to vote at any meeting of stockholders or any
        adjournment thereof, or entitled to receive payment of any dividend or
        other distribution or allotment of any rights, or entitled to exercise
        any rights in respect of any other change, conversion or exchange of
        stock or for the purpose of any other lawful action, the Board may fix,
        in advance, a record date, which shall not be more than sixty (60) nor
        less than ten (10) days before the date of such meeting, nor more than
        sixty (60) days prior to any other action. If in any case involving the
        determination of stockholders for any purpose other than notice of or
        voting at a meeting of stockholders, the Board shall not fix such a
        record date, the record date for determining stockholders for such
        purpose shall be the close of business on the day on which the Board
        shall adopt the resolution relating thereto. A determination of
        stockholders entitled to notice of or to vote at a meeting of
        stockholders shall apply to any adjournment of such meeting; provided,
        however, that the Board may fix a new record date for the adjourned
        meeting.

                                   ARTICLE VII

                                 INDEMNIFICATION

               SECTION 7.01 Actions, Etc., Other Than by or in the Right of the
        Corporation. The Corporation shall indemnify any person who was or is a
        party or is threatened to be made a party to any threatened, pending or
        completed action, suit or proceeding, whether civil, criminal,
        administrative or investigative (other than an action by or in the right
        of the Corporation) by reason of the fact that he is or was a director,
        officer, employee or agent of the Corporation, or is or was serving at
        the request of the Corporation as a director, officer, employee or agent
        of another corporation, partnership, joint venture, trust or other
        enterprise or as a member of any committee or similar body, against
        expenses (including

                                   EXHIBIT 4.3

                                       25
<PAGE>

        attorneys' fees), judgments, fines and amounts paid in settlement
        actually and reasonably incurred by him in connection with such action,
        suit or proceeding if he acted in good faith and in a manner he
        reasonably believed to be in or not opposed to, the best interests of
        the Corporation, and, with respect to any criminal action or proceeding,
        had no reasonable cause to believe his conduct was unlawful. The
        termination of any action, suit or proceeding by judgment, order,
        settlement, conviction, or upon a plea of nolo contendere or its
        equivalent, shall not, of itself, create a presumption that the person
        did not act in good faith and in a manner which he reasonably believed
        to be in, or not opposed to, the best interests of the Corporation, and,
        with respect to any criminal action or proceeding, that he had
        reasonable cause to believe that his conduct was unlawful.

               SECTION 7.02 Actions, Etc., by or in the Right of the
        Corporation. The Corporation shall indemnify any person who was or is a
        party or is threatened to be made a party to any threatened, pending or
        completed action or suit by or in the right of the Corporation to
        procure a judgment in its favor by reason of the fact that he is or was
        a director, officer, employee or agent of the Corporation, or is or was
        serving at the request of the Corporation as a director, officer,
        employee or agent of another corporation, partnership, joint venture,
        trust or other enterprise, or as a member of any committee or similar
        body, against expenses (including attorneys' fees) actually and
        reasonably incurred by him in connection with the defense or settlement
        of such action or suit if he acted in good faith and in a manner he
        reasonably believed to be in, or not opposed to, the best interests of
        the Corporation, except that no indemnification shall be made in respect
        of any claim, issue or matter as to which such person shall have been
        adjudged to be liable for negligence or misconduct in the performance of
        his duty to the Corporation unless and only to the extent that the Court
        of Chancery or the court in which such action or suit was brought shall
        determine upon application that, despite the adjudication of liability
        but in view of all the circumstances of the case, such person is fairly
        and reasonably entitled to indemnity for such expenses which the Court
        of Chancery or such other court shall deem proper.

               SECTION 7.03 Determination of Right of Indemnification. Any
        indemnification under Section 7.01 or 7.02 (unless ordered by a court)
        shall be made by the Corporation only as authorized in the specific case
        upon a determination that indemnification of the director, officer,
        employee, or agent is proper in the circumstances because he has met the
        applicable standard of conduct set forth in Section 7.01 and 7.02. Such
        determination shall be made (i) by the Board by a majority vote of a
        quorum consisting of directors who were not parties to such action, suit
        or proceeding, or (ii) if such a quorum is not obtainable, or, even if
        obtainable, a quorum of disinterested directors so directs, by
        independent legal counsel in a written opinion, or (iii) by the
        stockholders.

               SECTION 7.04 Indemnification Against Expenses of Successful
        Party. Notwithstanding the other provisions of this Article, to the
        extent that a director, officer, employee or agent of the Corporation
        has been successful on the

                                   EXHIBIT 4.3

                                       26
<PAGE>

        merits or otherwise in defense of any action, suit or proceeding
        referred to in Section 7.01 or 7.02, or in defense of any claim, issue
        or matter therein, he shall be indemnified against expenses (including
        attorneys' fees) actually and reasonably incurred by him in connection
        therewith.

               SECTION 7.05 Advance of Expenses. Expenses incurred in defending
        a civil or criminal action, suit or proceeding may be paid by the
        Corporation in advance of the final disposition of such action, suit or
        proceeding as authorized by the Board in the specific case upon receipt
        of an undertaking by or on behalf of the director, officer, employee or
        agent to repay such amount unless it shall ultimately be determined that
        he is entitled to be indemnified by the Corporation as authorized in
        this Article.

               SECTION 7.06 Other Rights and Remedies. The indemnification
        provided by this Article shall not be deemed exclusive and is declared
        expressly to be nonexclusive of any other rights to which one seeking
        indemnification may be entitled under any Bylaws, agreement, vote of
        stockholders or disinterested directors or otherwise, both as to action
        in his official capacity and as to action in another capacity while
        holding such office, and shall continue as to a person who has ceased to
        be a director, officer, employee or agent and shall inure to the benefit
        of the heirs, executors and administrators of such a person.

               SECTION 7.07 Insurance. Upon resolution passed by the Board, the
        Corporation may purchase and maintain insurance on behalf of any person
        who is or was a director, officer, employee or agent of the Corporation,
        or is or was serving at the request of the Corporation as a director,
        officer, employee or agent of another corporation, partnership, joint
        venture, trust or other enterprise, or as a member of any committee or
        similar body, against any liability asserted against him and incurred by
        him in any such capacity, or arising out of his status as such, whether
        or not the Corporation would have the power to indemnify him against
        such liability under the provisions of this Article.

               SECTION 7.08 Constituent Corporations. For the purposes of this
        Article, references to "the Corporation" include in addition to the
        resulting corporation, any constituent corporation (including any
        constituent of a constituent) absorbed in a consolidation or merger
        which, if its separate existence had continued, would have had power and
        authority to indemnify its directors, officers and employees or agents,
        so that any person who is or was a director, officer, employee or agent
        of such constituent corporation or is or was serving at the request of
        such constituent corporation as a director, officer, employee or agent
        of another corporation, partnership, joint venture, trust or other
        enterprise, or as a member of any committee or similar body, shall stand
        in the same position under the provisions of this Article with respect
        to the resulting or surviving corporation as he would have with respect
        to such constituent corporation if its separate existence had continued.

                                   EXHIBIT 4.3

                                       27
<PAGE>

               SECTION 7.09 Other Enterprises, Fines and Serving at
        Corporation's Request. For purposes of this Article, references to
        "other enterprises" shall include employee benefit plans; references to
        "fines" shall include any excise taxes assessed on a person with respect
        to any employee benefit plan; and references to "serving at the request
        of the Corporation" shall include any service as a director, officer,
        employee or agent of the Corporation which imposes duties on, or
        involves services by, such director, officer, employee, or agent with
        respect to an employee benefit plan, its participants, or beneficiaries;
        and a person who acted in good faith and in a manner he reasonably
        believed to be in the interest of the participants and beneficiaries of
        an employee benefit plan shall be deemed to have acted in a manner "not
        opposed to the best interests of the Corporation" as referred to in this
        Article.

                                  ARTICLE VIII

                                  MISCELLANEOUS

               SECTION 8.01 Seal. The Board shall provide a corporate seal,
        which shall be in the form of a circle and shall bear the name of the
        Corporation and words and figures showing that the Corporation was
        incorporated in the State of Delaware and the year of incorporation.

               SECTION 8.02 Waiver of Notices. Whenever notice is required to be
        given by these Bylaws or the Certificate of Incorporation or by law, the
        person entitled to said notice may waive such notice in writing, either
        before or after the time stated therein, and such waiver shall be deemed
        equivalent to notice.

               SECTION 8.03 Fiscal Year. The fiscal year of the Corporation
        shall end on the Sunday nearest to April 30 in each year and the
        succeeding fiscal year shall begin on the Monday immediately following
        such Sunday.

               SECTION 8.04 Amendments. These Bylaws, or any of them, may be
        rescinded, altered, amended, or repealed, and new Bylaws may be made,
        (i) by the Board, by vote of a majority of the number of directors then
        in office as directors, acting at any meeting of the Board, or (ii) by
        the vote of the holders of not less than seventy percent (70%) of the
        total voting power of all outstanding shares of voting stock of the
        Corporation, at an annual meeting of stockholders, without previous
        notice, or at any special meeting of stockholders, provided that notice
        of such proposed amendment, modification, repeal or adoption is given in
        the notice of special meeting. Any Bylaws made or altered by the
        stockholders may be altered or repealed by the Board or may be altered
        or repealed by the Stockholders.

                                   EXHIBIT 4.3

                                       28<PAGE>

                       WORLDWIDE RESTAURANT CONCEPTS, INC.

                       1997 EMPLOYEE STOCK INCENTIVE PLAN
                     (As Amended Through September 4, 2001)

1. Purpose of Plan. The purpose of this 1997 Employee Stock Incentive Plan
("Plan") of Worldwide Restaurant Concepts, Inc., a Delaware corporation (the
"Company"), is to enable the Company and its subsidiaries to attract, retain and
motivate their employees by providing for or increasing the proprietary
interests of such persons in the Company. This Plan provides for the sale of
Restricted Shares and the grant of Incentive Options, Non-Qualified Options and
Discount Options (as such capitalized terms are hereinafter defined) to eligible
employees of the Company and its subsidiaries. In addition, this Plan provides
for the grant of Stock Appreciation Rights (as hereinafter defined) in
connection with the grant of options.

2. Certain Definitions. As used in this Plan, the following terms shall have the
meanings indicated:

            (a) "Restricted Share" shall mean a Common Share sold under this
        Plan that is subject to the restrictions imposed pursuant to Section 6
        hereof and such additional restrictions as may be imposed under this
        Plan by the Committee.

            (b) "Common Share" shall mean a share of the common stock, par value
        $.0l per share, of the Company, together with any other securities with
        respect to which options granted hereunder may become exercisable.

            (c) "Committee" shall have the meaning ascribed to it in Section 8
        hereof.

            (d) "Incentive Option" shall mean an option granted under this Plan
        that is both intended to and qualifies as an incentive stock option
        under Section 422 of the Internal Revenue Code of 1986, as amended (the
        "Code").

            (e) "Non-Qualified Option" shall mean an option granted under this
        Plan that (1) either is not intended to be or is not denominated as an
        Incentive Option, or that does not qualify as an incentive stock option
        under Section 422 of the Code, and (2) that has an exercise price that
        is not less than the greater of (i) the aggregate Fair Market Value of
        the Option Shares on the date of grant of such option or (ii) the
        aggregate par value of the Option Shares.

            (f) "Discount Option" shall mean an option granted under this Plan
        that (1) either is not intended to be or is not denominated as an
        Incentive Option, or that does not qualify as an incentive stock option
        under Section 422 of the Code, and (2) that has an exercise price that
        is less than the aggregate Fair Market Value of the Option Shares on the
        date of grant of such option, but not less than the greater of (a) 50%
        of the aggregate Fair Market Value of the Option Shares on the date of
        grant of such option or (b) the aggregate par value of the Option
        Shares.

                                   EXHIBIT 4.4

                                       29
<PAGE>

            (g) "Fair Market Value" shall have the meaning ascribed to it in
       Section 10 hereof.

            (h) "Option Shares" shall mean, with respect to any option granted
        under this Plan, the Common Shares that may be acquired upon the
        exercise in full of such option.

            (i) "Non-Employee Director" shall mean any director of the Company
        that is a Non-Employee Director as defined in Rule 16b-3(b)(3).

            (j) "Stock Appreciation Right" shall have the meaning ascribed to it
        in Section 7(e) hereof.

3. Common Shares Subject to Plan. The maximum number of Common Shares that may
be sold as Restricted Shares or that may be acquired upon the exercise in full
of options granted under this Plan, or of Stock Appreciation Rights granted in
connection therewith, in the aggregate is 3,800,000, subject to adjustment as
provided in Section 11 hereof. Such maximum number does not include the number
of Restricted Shares sold under this Plan that are repurchased by the Company
nor does it include the number of Common Shares subject to the unexercised
portion of any option granted under this Plan that expires or is terminated.
However, the maximum number of Common Shares does include the number of Common
Shares subject to the portion of any option granted under this Plan that is
surrendered in connection with the exercise of any Stock Appreciation Rights
granted in connection with any option.

4. Persons Eligible under Plan. Any person employed by the Company or any of its
subsidiaries on a salaried basis, including any director who is so employed (an
"Employee"), shall be eligible to be considered for the sale of Restricted
Shares and grant of options under this Plan.

5. Duration of Plan. Restricted Shares may not be sold or options granted under
this Plan after January 1, 2007.

6. Restricted Shares.

            (a) Restricted Shares may be sold under this Plan to any Employee
        for an amount that is not less than the aggregate par value of such
        shares, which amount shall be paid in full in cash on the date of such
        sale.

            (b) All Restricted Shares sold under this Plan shall be subject to
        the following restrictions:

                      (i) except to the extent provided in the Employee's
               Restricted Stock Agreement concerning permitted transfers to
               certain family members or trusts, such shares may not be sold,
               assigned, conveyed, gifted, pledged, transferred, hypothecated,
               or otherwise disposed of by the purchaser of such shares; and

                                   EXHIBIT 4.4

                                       30
<PAGE>

                      (ii) in the event that such purchaser ceases to be an
               Employee for any reason other than death, total disability, early
               retirement with the consent of the Board of Directors of the
               Company, or normal retirement (individually and collectively,
               "Retirement"), the Company shall have the option for 30 days
               following the date of such event to repurchase, for cash, at the
               price paid therefor by such purchaser, all or any part of such
               shares that, on the date of such event, are still subject to any
               restrictions imposed under this Plan, which option shall be
               deemed to be exercised by the Company to purchase all of such
               shares unless the Committee shall notify such purchaser otherwise
               in writing during such 30-day period.

            (c) Upon each sale of Restricted Shares under this Plan the
        Committee shall, on behalf of the Company, enter into, execute and
        deliver to the purchaser of such shares an agreement of purchase and
        sale containing the terms and conditions of such sale (the "Restricted
        Stock Agreement"). Each Restricted Stock Agreement shall have attached
        as an exhibit thereto a lapsing schedule that specifies, for each
        anniversary of the date of such sale, criteria governing the termination
        of restrictions and the percentage of shares eligible for such
        termination of restrictions on such anniversary (the "Lapsing
        Schedule"). If the criteria indicated on such Lapsing Schedule for any
        anniversary shall be satisfied in full on such anniversary, then all
        restrictions imposed upon such shares under this Plan, including the
        restrictions imposed pursuant to subsection (b) above, shall thereupon
        terminate with respect to the percentage of such shares indicated on
        such Lapsing Schedule for such anniversary.

            (d) All restrictions imposed upon Restricted Shares sold under this
        Plan, including the restrictions imposed pursuant to subsection (b)
        above, that have not theretofore terminated pursuant to subsection (c)
        above shall terminate upon the first to occur of the following:

                  (i) the date upon which the purchaser of such shares shall
               cease to be an Employee as a result of Retirement; or

                  (ii) if the Committee notifies the purchaser in writing that
               the Company will not exercise its repurchase option, 30 days
               after the date upon which such purchaser shall cease to be an
               Employee for any reason other than Retirement.

7. Stock Options.

            (a) Incentive Options.

                  (i) Incentive Options may be granted under this Plan to any
               Employee and, in connection therewith, Stock Appreciation Rights
               may be granted to such Employee. Each Incentive Option granted
               under this Plan shall have an exercise price that is not less
               than the greater of (A) 100% of the aggregate Fair Market Value
               of the Option Shares on the date of grant of such option or (B)
               the aggregate par value of the Option Shares; provided, however,
               that each Incentive

                                   EXHIBIT 4.4

                                       31
<PAGE>

               Option granted under this Plan to an Employee then owning (after
               application of the family and other attribution rules of Section
               425(d) of the Code) more than 10% of the total combined voting
               power of all classes of stock of the Company or of its parent or
               subsidiary corporations shall have an exercise price that is not
               less than the greater of (X) 110% of the aggregate Fair Market
               Value of the Option Shares on the date of grant of such options
               or (Y) the aggregate par value of the Option Shares.

                  (ii) Each Incentive Option granted under this Plan shall
               expire on the tenth anniversary of the date of grant of such
               option; provided, however, that any Incentive Option granted
               under this Plan to an Employee who owns (after the application of
               the family and other attribution rules of Section 425(d) of the
               Code), at the time such option is granted, more than 10% of the
               total combined voting power of all classes of stock of the
               Company or of its parent or subsidiary corporations shall expire
               on the fifth anniversary of the date of grant of such option. In
               addition, each Incentive Option shall also terminate upon, or
               within a certain time after, the Employee's termination of
               employment with the Company or any of its subsidiaries, as more
               fully set forth in the Option Agreement.

                  (iii) To the extent that the aggregate Fair Market Value
               (determined on the date such options are granted) of the Common
               Shares with respect to which Incentive Options are exercisable
               for the first time by any Employee during any calendar year
               (under this Plan and all other stock option plans of the Company
               and its parent or subsidiary corporations) exceeds $100,000, then
               such excess over $100,000 shall not be considered as subject to
               an Incentive Option, but rather shall be considered as subject to
               a Non-Qualified Option. This rule shall be applied by taking
               Common Shares subject to Incentive Options that are purchasable
               for the first time in the calendar year into account in the order
               in which such Incentive Options were granted.

            (b) Non-Qualified Options. Non-Qualified Options may be granted
        under this Plan to any Employee and, in connection therewith, Stock
        Appreciation Rights may be granted to such Employee. Each Non-Qualified
        Option granted under this Plan shall expire on the earlier of (a) the
        tenth anniversary of the date of grant of, such option, or (b) upon, or
        within a certain time after, the Employee's termination of employment
        with the Company or any of its subsidiaries, as more fully set forth in
        the Option Agreement.

            (c) Discount Options. Discount Options may be granted under this
        Plan to any Employee and, in connection therewith, Stock Appreciation
        Rights may be granted to such Employee. Each Discount Option granted
        under this Plan shall expire on the earlier of (a) the tenth anniversary
        of the date of grant of such option, or (b) upon, or within a certain
        time after, the Employee's termination of employment with the Company or
        any of its subsidiaries, as more fully set forth in the Option
        Agreement.

            (d) Option Agreements. Upon each grant of an option under this Plan,
        the Committee, on behalf of the Company, shall enter into, execute, and
        deliver to the

                                  EXHIBIT 4.4

                                       32
<PAGE>

        optionee an option agreement containing the terms and conditions of such
        option (the "Option Agreement").

            (e) Stock Appreciation Rights.

                  (i) If the Option Agreement with respect to such option so
               provides, the grant of an option under this Plan may include the
               grant of a right (a "Stock Appreciation Right") to surrender all
               or part of such option, in lieu of the exercise thereof, in
               exchange for, at the election of the optionee, cash or Common
               Shares or any combination thereof having an aggregate Fair Market
               Value on the date of such surrender equal to the excess of (i)
               the aggregate Fair Market Value on the date of such surrender of
               the Common Shares otherwise issuable upon exercise of such option
               or part of an option so surrendered, over and above (ii) the
               exercise price of such option or part of an option so
               surrendered.

                  (ii) Notwithstanding subsection (i) above, in the event that
               the grant of an option under this Plan shall include the grant of
               a Stock Appreciation Right, then, except as otherwise provided in
               subsection (ii)(D)(2) below:

                             (A) the optionee may not exercise such Stock
                      Appreciation Right and receive cash in full or partial
                      settlement thereof unless (1) the Company shall have been
                      subject to the reporting requirements of Section 13 of the
                      Securities Exchange Act of 1934, as amended (the "1934
                      Act") Act for at least one year prior to such exercise and
                      shall have filed all reports and statements required to be
                      filed pursuant to such section during such year, (2) the
                      Company on a regular basis releases quarterly and annual
                      summary statements of its sales and earnings ("Financial
                      Data") for publication on a wire service, in a financial
                      news service, or in a newspaper of general circulation, or
                      Financial Data is otherwise made publicly available on a
                      regular basis, and (3) such Stock Appreciation Right shall
                      not have been exercised during the first six months after
                      the date of grant thereof;

                             (B) any election by the optionee to receive cash in
                      full or partial settlement of such Stock Appreciation
                      Right, as well as any exercise by such optionee of such
                      Stock Appreciation Right for such cash, shall be made
                      during the period beginning on the third business day
                      following the date of release of Financial Data and ending
                      on the twelfth business day following such date;

                             (C) the Committee shall have sole discretion to
                      consent to or disapprove any election by the optionee to
                      receive cash in full or partial settlement of such Stock
                      Appreciation Right, which consent or disapproval may be
                      given at any time after such election; and

                                   EXHIBIT 4.4

                                       33
<PAGE>

                             (D) the Committee may, at any time, in its sole
                      discretion, (1) impose such additional conditions on the
                      exercise of such Stock Appreciation Right as may be
                      required to comply with Rule 16b-3 promulgated under the
                      1934 Act, and (2) waive any of the above-described
                      restrictions in the event that either (a) the optionee is
                      not subject to Section 16 of the 1934 Act, (b) the
                      transaction would not result in liability under said
                      Section 16, or (c) the optionee consents to liability
                      thereunder and consents to disgorge any profits relating
                      thereto to the Company.

            (f) Nontransferability. Any transferability restrictions imposed on
        options and related Stock Appreciation Rights shall be set forth in the
        individual Option (or tandem Option and Stock Appreciation Rights)
        Agreement.

            (g) Payment of Exercise Price of Options. Payment of the exercise
        price of any option granted under this Plan shall be made in full in
        cash concurrently with the exercise of such option; provided, however,
        that, if and to the extent the Option Agreement with respect to such
        option so provides, the payment of such exercise price may be made:

                  (1) in whole or in part, with Common Shares delivered
               concurrently with such exercise (such shares to be valued on the
               basis of the Fair Market Value of such shares on the date of such
               exercise), provided that the Company is not then prohibited from
               purchasing or acquiring Common Shares; and/or

                  (2) in whole or in part, by reducing the number of Common
               Shares to be delivered to the optionee upon exercise of such
               option (such reduction to be valued on the basis of the aggregate
               Fair Market Value (determined on the date of such exercise) of
               the additional Common Shares that would otherwise have been
               delivered to such optionee upon exercise of such option),
               provided that the Company is not then prohibited from purchasing
               or acquiring Common Shares;

               and provided further, however, that in the event the exercise of
               such option occurs on or after the Acceleration Date (as
               hereinafter defined), the payment of such exercise price may be
               made in part by the delivery concurrently with such exercise, of
               a full-recourse promissory note in the form attached hereto as
               Exhibit A, provided that the principal amount of such note shall
               not exceed the excess of the exercise price of such option over
               and above the aggregate par value of the Option Shares.

8. Administration of Plan. This Plan shall be administered by a committee of the
Board of Directors of the Company (the "Board"). So long as the Board consists
of at least two Non-Employee Directors, the Committee shall consist of two or
more Non-Employee Directors (the "Committee"), who shall serve at the pleasure
of the Board. On behalf of the Company, and subject to the provisions of this
Plan, the Committee shall be authorized and empowered to do all things necessary
or desirable in connection with the administration of this Plan, including,
without limitation, the following:

                                   EXHIBIT 4.4

                                       34
<PAGE>

            (a) adopt, amend, and rescind rules and regulations relating to this
        Plan;

             (b) determine which persons meet the requirements of Section 4
        hereof for eligibility under this Plan, and to which of such eligible
        persons, if any, Restricted Shares shall be sold and options shall be
        granted under this Plan;

             (c) sell Restricted Shares under this Plan, determine the terms and
        conditions to be included in the Restricted Stock Agreements, including
        the number of shares, the restrictions to be imposed upon such shares,
        the criteria and percentages of shares to be specified in the Lapsing
        Schedules, and any other terms and conditions deemed necessary or
        desirable, determine the permissible forms of payment of any income
        taxes required to be withheld by the Company as a result of such sales,
        and determine whether, and the extent to which, the Company should
        exercise any option hereunder to repurchase such shares;

             (d) grant options under this Plan, determine the terms and
        conditions to be included in the Option Agreements, including the number
        of Common Shares subject thereto, the exercise prices, the permissible
        forms of payment of such exercise prices, the grant, if any, of Stock
        Appreciation Rights, the terms of exercise of such options and Stock
        Appreciation Rights, and any other terms and conditions deemed necessary
        or desirable, consent to or disapprove any election to receive cash in
        full or partial settlement of any such Stock Appreciation Rights, and
        determine the permissible forms of payment of any income taxes required
        to be withheld by the Company as a result of the exercise of such
        options;

             (e) determine whether, and the extent to which, adjustments are
        required under Section 11 hereof; and

             (f) construe this Plan and the terms, conditions and restrictions
        of any Restricted Shares sold under this Plan and any options and Stock
        Appreciation Rights granted under this Plan, and the Restricted Stock
        Agreements and Option Agreements with respect to such Restricted Shares
        and options.

Neither the members of the Board nor any member of the Committee shall be liable
for any act, omission, or determination taken or made in good faith with respect
to the Plan or any option, right, or share of stock granted or sold under it,
and members of the Board and the Committee shall be entitled to indemnification
and reimbursement by the Company in respect of any claim, loss, damage, or
expense (including attorneys' fees, the costs of settling any suit, provided
such settlement is approved by independent legal counsel selected by the
Company, and amounts paid in satisfaction of a judgment, except a judgment based
on a finding of bad faith) arising therefrom to the full extent permitted by law
and under any directors and officers liability or similar insurance coverage
that may from time to time be in effect.

9. Payment of Income Taxes. If the Company is required to withhold an amount on
account of any federal or state income tax imposed as a result of the sale of
any Restricted Shares under

                                   EXHIBIT 4.4

                                       35
<PAGE>

this Plan or exercise of any option or Stock Appreciation Right granted under
this Plan, the purchaser or optionee shall, concurrently with such withholding,
pay such amount to the Company in full in cash; provided, however, that, in the
discretion of the Committee, the payment of such amount to the Company may be
made, in whole or in part:

               (a) with Common Shares delivered by such purchaser or optionee
       concurrently with such withholding (such shares to be valued on the basis
       of the Fair Market Value of such shares on the date of such sale or
       exercise), provided that the Company is not then prohibited from
       purchasing or acquiring Common Shares; and/or

               (b) by reducing the number of Common Shares to be delivered to
       such optionee upon exercise of such option (such reduction to be valued
       on the basis of the aggregate Fair Market Value (determined on the date
       of such exercise) of the additional Common Shares that would otherwise
       have been delivered to such optionee upon exercise of such option),
       provided that the Company is not then prohibited from purchasing or
       acquiring Common Shares.

10. Determination of Fair Market Value. The "Fair Market Value" of a Common
Share or other security on any day shall be equal to the last sale price,
regular way, per Common Share or unit of such other security on such day or, in
case no such sale takes place on such day, the average of the closing bid and
asked prices, regular way, in either case as reported in the principal
consolidated transaction reporting system with respect to securities listed or
admitted to trading on the New York Stock Exchange or, if the Common Shares or
such other security are not listed or admitted to trading on the New York Stock
Exchange, as reported in the principal consolidated transaction reporting system
with respect to securities listed on the principal national securities exchange
on which the Common Shares or such other security are listed or admitted to
trading or, if the Common Shares or such other securities are not listed or
admitted to trading on any national securities exchange, the last quoted price
or, if not so quoted, the average of the high bid and low asked prices in the
over-the-counter market, as reported by the National Association of Securities
Dealers, Inc. Automated Quotations System ("NASDAQ") or such other system then
in use or, if on any such date the Common Shares or such other security are not
quoted by any such organization, the average of the closing bid and asked prices
as furnished by a professional market maker making a market in the Common Shares
or such other security selected by the Board. In all other cases, Fair Market
Value shall be the value determined in good faith by the Board. For purposes of
valuing Common Shares subject to the Incentive Options, the Fair Market Value of
a Common Share or other security shall be determined without regard to any
restriction other than one which, by its terms, will never lapse.

11. Adjustments. If the outstanding securities of the class then subject to this
Plan are increased, decreased or exchanged for or converted into cash, property
and/or a different number or kind of securities, or if cash, property, and/or
securities are distributed in respect of such outstanding securities, in either
case as a result of a reorganization, merger, or consolidation that shall not
have been affirmatively recommended to the stockholders of the Company by the
Board, or as a result of a recapitalization, reclassification, dividend (other
than a regular, quarterly cash dividend) or other distribution, stock split,
reverse stock split, or the like, then, unless such event shall cause this Plan
to terminate pursuant to Section 13(b) hereof, the Committee shall make
appropriate and proportionate adjustments in the following:

                                   EXHIBIT 4.4

                                       36
<PAGE>

               (a) the maximum number and type of shares or other securities
       that may thereafter be sold under this Plan or acquired upon the exercise
       in full of options and Stock Appreciation Rights thereafter granted under
       this Plan;

               (b) the number and type of shares or other securities or cash or
       other property that may be acquired upon the exercise in full of options
       and Stock Appreciation Rights theretofore granted under this Plan; and

               (c) the number and type of securities thereafter subject to the
       restrictions previously imposed upon other securities under this Plan;
       provided, however, that any such adjustments in options theretofore
       granted under this Plan shall be made without changing the aggregate
       exercise price of the unexercised portions of such options.

12. Acceleration. All outstanding options and Stock Appreciation Rights
theretofore granted under this Plan shall become fully exercisable, and all
restrictions imposed upon Restricted Shares theretofore sold under this Plan
shall terminate, upon the first to occur of the following (the "Acceleration
Date"):

               (a) the date of dissemination to the stockholders of the Company
        of a proxy statement seeking stockholder approval of a reorganization,
        merger, or consolidation of the Company as a result of which the
        outstanding securities of the class then subject to this Plan are
        exchanged for or converted into cash, property, and/or securities not
        issued by the Company, unless such reorganization, merger, or
        consolidation shall have been affirmatively recommended to the
        stockholders of the Company by the Board;

               (b) the first date of public announcement that any person or
        entity, together with all Affiliates and Associates (as such capitalized
        terms are defined in Rule 12b-2 promulgated under the 1934 Act) of such
        person or entity, shall have become, or shall intend to become, or shall
        have commenced a tender offer or exchange offer the consummation of
        which would result in such person or entity becoming, the Beneficial
        Owner (as defined in Rule 13d-3 promulgated under the 1934 Act) of
        voting securities of the Company representing 25% or more of the voting
        power of the Company, provided, however, that the terms "person" and
        "entity," as used in this subsection (b), shall not include (i) the
        Company or any of its subsidiaries, (ii) any employee benefit plan of
        the Company or any of its subsidiaries, (iii) any entity holding voting
        securities of the Company for or pursuant to the terms of any such plan,
        (iv) any person or entity who or which, together with all Affiliates and
        Associates of such person or entity is, on the date of adoption of this
        Plan by the Board, the Beneficial Owner of voting securities of the
        Company representing 15% or more of the voting power of the Company, or
        (v) any Affiliate or Associate of any person or entity described in (iv)
        above;

               (c) the first date upon which directors of the Company who were
        nominated by the Board for election as directors shall cease to
        constitute a majority of the authorized number of directors of the
        Company; or

                                   EXHIBIT 4.4

                                       37
<PAGE>

              (d) the date of dissemination to the stockholders of the Company
        of a proxy statement disclosing a change of control of the Company.

13. Termination. This Plan and all outstanding options and Stock Appreciation
Rights theretofore granted under this Plan shall terminate upon the first to
occur of the following:

              (a) the dissolution or liquidation of the Company;

              (b) a reorganization, merger, or consolidation of the Company as a
        result of which the outstanding securities of the class then subject to
        this Plan are exchanged for or converted into cash, property, and/or
        securities not issued by the Company, which reorganization, merger, or
        consolidation shall have been affirmatively recommended to the
        stockholders of the Company by the Board; or

              (c) a sale of substantially all of the property and assets of the
        Company.

14. Amendment of Plan. The Board may alter, amend, suspend, or terminate this
Plan, provided that no such action shall deprive the purchaser of any Restricted
Shares theretofore sold under this Plan or the optionee of any option
theretofore granted under this Plan, without the consent of such purchaser or
optionee, of such Restricted Shares or option or of any rights of such person
thereunder or with respect thereto. Except as provided in this Plan, no such
action of the Board, unless and until such action is approved by the
stockholders of the Company, may:

              (a) increase the maximum number of Common Shares that may be sold
        as Restricted Shares under this Plan;

              (b) increase the maximum number of Common Shares that maybe
        acquired upon the exercise in full of options granted under this Plan,
        or of Stock Appreciation Rights granted in connection therewith, in the
        aggregate;

              (c) reduce the purchase price of Restricted Shares that may
        thereafter be sold under this Plan, or the minimum permissible exercise
        price of options theretofore granted or that may thereafter be granted
        under this Plan;

              (d) the class of persons eligible to be considered for the sale of
        Restricted Shares or grant of options under this Plan;

              (e) the administration of the Plan from the Committee or render
        the members of the Committee eligible to receive options, rights, or
        stock under the Plan while serving as such;

              (f) extend the duration of this Plan; or

              (g) materially increase the benefits accruing to the purchasers of
        Restricted Shares theretofore sold or that may thereafter be sold under
        this Plan, or the benefits accruing to

                                   EXHIBIT 4.4

                                       38
<PAGE>

        the optionees of options theretofore granted or that may thereafter be
        granted under this Plan.

15. Effective Date of Plan. This Plan shall become effective on the date on
which it is accepted by the Board (the "Effective Date"). This Plan shall be
approved by the stockholders of the Company, consistent with applicable laws,
within twelve (12) months after the Effective Date. Options may be granted under
this Plan after the Effective Date provided that, in the event that stockholder
approval is not obtained within such period, this Plan and all options granted
hereunder shall terminate. No Option granted after the Effective Date shall be
exercisable on or before the date that the Plan is approved by the stockholders
of the Company.

16. Legal Restrictions. Nothing herein, in any agreement entered into hereunder,
or in any option or right granted hereunder shall require the Company to sell
any Restricted Shares or issue any Common Shares upon exercise of any option or
right if such sale or issuance would, in the opinion of counsel for the Company,
constitute a violation of the Securities Act of 1933, as amended, or any similar
or superseding statute or statutes, or any applicable statute or regulation, as
then in effect. At the time of any sale of Restricted Shares or exercise of an
option or right, the Company may, as a condition precedent to the sale of such
stock or exercise of such option or right, require from the holder of the stock,
stock option, or right (or in the event of his death, his legal representatives,
legatees, or distributees, or in the event of a Qualified Domestic Relations
Order, his alternate payee) such written representations, if any, concerning his
(or the transferee's) intentions with regard to the retention or disposition of
the Common Shares being acquired by purchase of such Restricted Shares or
exercise of such option or right and such written covenants and agreements, if
any, as to the manner of disposal of such Common Shares as, in the opinion of
counsel to the Company, may be necessary to ensure that any disposition by such
holder (or in the event of his death, his legal representatives, legatees, or
distributees, or in the event of a Qualified Domestic Relations Order, his
alternate payee), will not involve a violation of the Securities Act of 1933, as
amended, or any similar or superseding statute or statutes, or any other
applicable state or federal statute or regulation, as then in effect.
Certificates for Common Shares, when issued, shall have appropriate legends, or
statements of other applicable restrictions, endorsed thereon, and may or may
not be immediately transferable.

17. Governing Law. All questions arising with respect to the provisions of the
Plan or any Option Agreement or Restricted Stock Agreement shall be determined
by application of the laws of the State of Delaware except to the extent
Delaware law is preempted by federal law. The obligation of the Company to sell
and deliver Common Shares hereunder is subject to applicable laws and to the
approval of any governmental authority required in connection with the
authorization, issuance, sale, or delivery of such Common Shares.

                                   EXHIBIT 4.4

                                       39
<PAGE>

                                    EXHIBIT A

                                 PROMISSORY NOTE

                                                         LOS ANGELES, CALIFORNIA
$                                                                          200__

FOR VALUE RECEIVED, ("Borrower") hereby promises to pay to the order of
Worldwide Restaurant Concepts, Inc., a Delaware corporation ("Lender"), at such
place as shall be designated by Lender from time to time, the principal sum of
($ ) with interest thereon upon all principal remaining from time to time unpaid
computed from the date hereof at an annual rate equal to the prime rate or
reference rate announced from time to time by Manufacturers Hanover Trust or any
successor in interest thereof.

Principal and interest shall be paid in five equal annual installments of an
amount calculated to pay in full all principal and interest due hereunder, which
installments shall be due and payable on the first anniversary hereof and on
each anniversary thereafter to and including the fifth anniversary hereof;
provided, however, that all principal and all accrued but unpaid interest shall
be due and payable on the fifth anniversary hereof.

Borrower shall have the right at any time and without prepayment premium to
prepay any or all of the accrued but unpaid interest and the outstanding
principal balance; provided, however that each prepayment made by Borrower to
the holder hereof shall be credited first to the accrued but unpaid interest and
any remainder to the outstanding principal balance, and interest shall thereupon
cease to accrue with respect to principal so credited.

Upon the failure to make any payment as provided herein, the holder hereof may
apply payments received on any amounts due hereunder as the holder hereof may
determine, and if the holder hereof so elects, notice of such election being
expressly waived, the outstanding principal balance hereunder together with all
accrued interest thereon shall at once become due and payable. In the event of
such acceleration, the holder hereof shall credit all payments received on any
amounts due hereunder first to the accrued but unpaid interest due hereunder,
and then any remainder to the outstanding principal balance hereunder.

All agreements between Borrower and the holder hereof are expressly limited so
that in no contingency or event whatsoever, whether by reason of advancement of
the proceeds hereof, acceleration of the maturity of the unpaid principal
balance hereof, or otherwise, shall the amount paid or agreed to be paid to the
holder hereof for the use, forbearance, or detention of the money to be advanced
hereunder exceed the highest lawful rate permissible under applicable usury
laws. If, from any circumstances whatsoever, fulfillment of any provision of
this Promissory Note or of any other agreement referred to herein, at the time
performance of such provision shall be due, shall involve transcending the limit
of validity prescribed by law which a court of competent jurisdiction may deem
applicable hereto, then ipso facto, the obligation to be fulfilled shall be
reduced to the limit of such validity, and if from any circumstances the holder
hereof shall ever receive as interest an amount that would exceed the highest
lawful rate, such amount that would be excessive interest shall be applied to
the reduction of the unpaid principal balance due hereunder and not to the

                                   EXHIBIT 4.4

                                       40
<PAGE>

payment of interest. This provision shall control every other provision of all
agreements between Borrower and the holder hereof.

If this Promissory Note is not paid when due, whether at maturity or by
acceleration, Borrower promises to pay all costs of collection incurred by the
holder hereof, including, but not limited to, reasonable attorneys' fees,
whether or not suit is filed hereon.

                                   EXHIBIT 4.4

                                       41

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