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Exhibit 4.4    
    

NICE SYSTEMS LTD.  

AMENDED AND RESTATED

1999 EMPLOYEE STOCK PURCHASE PLAN  

        This Amended and Restated 1999 Employee Stock Purchase Plan (the "Plan") of NICE Systems Ltd. was adopted in its amended and restated form by the Board of
Directors of the Company on October 20, 2003, subject to the approval of the Company's shareholders which was obtained at the Company's Annual General Meeting of Shareholders on
December 2, 2003. 

        1.    Purpose.    The purpose of the Plan is to provide employees of the Company and its Designated Subsidiaries with
an opportunity to purchase Ordinary Shares of the Company through accumulated payroll deductions or as otherwise required or permitted by the applicable law in the jurisdiction in which the Plan is
implemented. The Board may, from time to time, approve (and amend or modify from time to time) appendices setting forth any special requirements that are applicable to options granted to recipients in
the various jurisdictions in which options may be granted under the Plan pursuant to applicable local laws and regulations, all of which appendices (as amended or modified from time to time) shall
constitute an integral part of the Plan. Appendix "A" hereto attached sets forth the provisions applicable to options that may be granted to United States participants in the Plan. 

        2.    Definitions    

        a.     "ADR"
shall mean an American Depositary Receipt representing an American Depositary Share, which in turn represents an Ordinary Share. 

        b.     "Board"
shall mean the Board of Directors of the Company. 

        c.     "Change
in Capitalization" shall mean any increase, reduction, or change or exchange of Ordinary Shares for a different number or kind of shares or other securities of
the Company by reason of a reclassification, recapitalization, merger, consolidation, reorganization, share dividend, share split or reverse share split, combination or exchange of shares, repurchase
of shares, change in corporate structure or otherwise. 

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

        e.     "Committee"
shall mean a committee of members of the Board appointed by the Board to administer the Plan and to perform the functions set forth herein. 

        f.      "Company"
shall mean NICE Systems Ltd., a company duly organized and existing under the laws of the State of Israel. 

        g.     "Compensation"
shall mean the fixed salary or wage paid by the Company to a Participant. The salary components comprising the Participant's Compensation for purposes of
the Plan will be determined pursuant to applicable local laws and regulations. 

        h.     "Designated
Subsidiaries" shall mean the Subsidiaries whose Employees have been designated by the Board from time to time in its sole discretion as eligible to
participate in the Plan. 

        i.      "Employee"
shall mean any person, including a member of the Board, who is regularly employed by the Company or one of its Designated Subsidiaries. 

        j.      "Exchange
Act" shall mean the Securities Exchange Act of 1934, as amended. 

        k.     "Exercise
Date" shall mean the last business day of each Offering Period in which payroll deductions are made under the Plan. 

 

        l.      "Fair
Market Value" per share as of any date shall mean the closing sales price of one ADR as quoted on the NASDAQ market on the most recent date for which a closing
sales price was quoted, prior to that date. 

        m.    "Initial
Offering Period" shall mean the six-month period commencing on July 1, 1999, and ending on December 31, 1999. 

        n.     "Offering
Date" shall mean January 1 and July 1 of each Plan Year. 

        o.     "Offering
Period" shall mean the six-month period commencing on each Offering Date, provided that the Committee shall have the power to change the duration of
Offering Periods. 

        p.     "Ordinary
Shares" shall mean the ordinary shares, par value NIS 1.00 per share, of the Company. 

        q.     "Parent
Corporation" shall mean any corporation (other than the Company) in an unbroken chain of corporations ending with the employer corporation if, at the time of
granting an option, each of the corporations other than the employer corporation owns shares possessing fifty percent (50%) or more of the total combined voting power of all classes of shares in one
of the corporations in such chain. 

        r.     "Participant"
shall mean an Employee who participates in the Plan. 

        s.     "Plan"
shall mean this Amended and Restated NICE Systems Ltd. 1999 Employee Stock Purchase Plan, as further amended from time to time. 

        t.      "Plan
Period" shall mean, other than with respect to the Initial Offering Period, each six-month period commencing on each Offering Date. 

        u.     "Subsidiary
Corporation" shall mean any corporation (other than the Company) in an unbroken chain of corporations beginning with the employer corporation if, at the time
of granting an option, each of the corporations other than the last corporation in the unbroken chain owns shares possessing fifty percent (50%) or more of the total combined voting power of all
classes of shares in one of the other corporations in such chain. 

        3.    Eligibility    

        a.     Subject
to the requirements of Section 4.b. hereof, any person (i) who is an Employee as of an Offering Date, (ii) who is regularly scheduled to work
at least 20 hours per week and at least 5 months per year, and (iii) who has been an Employee for a period of six months (or such lesser period of time as to an Employee or class
of Employees as determined by the Committee in its sole discretion) as of an Offering Date, shall be eligible to participate in the Plan and be granted an option for the Offering Period commencing on
such Offering Date. 

        b.     Notwithstanding
any provisions of the Plan to the contrary, no Employee shall be granted an option under the Plan (i) if, immediately after the grant, such
Employee (or any other person whose stock would be attributed to such Employee pursuant to Section 424 (d) of the Code) would own shares or stock and/or hold outstanding options to
purchase shares or stock possessing five percent (5%) or more of the total combined voting power or value of all classes of shares or stock of the Company or of any Subsidiary or Parent of the
Company, or (ii)which permits such Employee's right to purchase shares or stock under all employee stock purchase plans (as described in Section 423 of the Code) of the Company and any
Subsidiary or Parent of the Company to accrue at a rate which exceeds twenty-five thousand dollars ($25,000) of Fair Market Value of such shares or stock (determined at the time such
option is granted) for any calendar year in which such option is outstanding at any time. 

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        4.    Grant of Option: Participation    

        a.     On
each Offering Date the Company shall commence an offer by granting each eligible Employee an option to purchase Ordinary Shares, subject to the limitations set forth
in Sections 3.b. and 10 hereof. Notwithstanding the foregoing, a Participant may elect at the time of exercise of an option to purchase, in lieu of Ordinary Shares, an equal number of the Company's
ADRs. Options may not be exercised for a combination of Ordinary Shares and ADRs. 

        b.     Each
eligible Employee may elect to become a Participant in the Plan with respect to an Offering Period, only by filing an agreement with the Company authorizing payroll
deductions (as set forth in
Section 5 hereof) or, when not allowed under any local law or regulation, other forms of payment. Such authorization will remain in effect for subsequent Offering Periods, until modified or
terminated by the Participant. 

        c.     The
option price per Ordinary Share subject to an offer shall be the lesser of: (i) 85% of the Fair Market Value of one ADR on the Offering Date or (ii) 85%
of the Fair Market Value of one ADR on the Exercise Date. 

        5.    Payroll Deductions/Payments    

        a.     A
Participant may, in accordance with rules adopted by the Committee, authorize a payroll deduction or, when not allowed under any local law or regulation, another form
of payment, of any whole percentage from 2 percent to 10 percent of such Participant's Compensation each pay period. A Participant may increase or decrease such payroll deduction or
payment (including a cessation of payroll deductions) at any time but not more frequently than once each six months, by filing a new authorization form with the Committee. 

        b.     All
payroll deductions made by a Participant shall be credited to such Participant's account under the Plan. A Participant may not make any additional payments into such
account. 

        6.    Exercise of Option    

        a.     Unless
a Participant withdraws from the Plan as provided in Section 8 hereof, such Participant's election to purchase Ordinary Shares will be exercised
automatically on the Exercise Date, and the maximum number of full Ordinary Shares subject to such option will be purchased for such Participant at the applicable option price with the accumulated
payroll deductions and any cash dividends (credited pursuant to Section 9 hereof) in such Participant's account. During a Participant's lifetime, a Participant's option to purchase Ordinary
Shares hereunder is exercisable only by such Participant. 

        b.     Any
cash balance remaining in Participant's account after the termination of an Offering Period will be carried forward to the Participant's account for the purchase of
Ordinary Shares during the next Offering Period if the Participant has elected to continue to participate in the Plan. Otherwise the Participant will receive a cash payment equal to the balance of his
or her account. 

        c.     The
Ordinary Shares purchased upon exercise of an option hereunder shall be credited to the Participant's account under the Plan and shall be deemed to be transferred to
the Participant on the Exercise Date and, except as otherwise provided herein, the Participant shall have all rights of a shareholder with respect to such shares. 

        7.    Delivery of Ordinary Shares    As promptly as practicable after receipt by the Company of a written request or
standing instructions from any Participant for delivery of certificates representing Ordinary Shares credited to the Participant's account, the Company shall arrange the delivery to such Participant
or its designated securities account or institution of a share certificate representing the Ordinary Shares which the Participant requested to be delivered; provided, however, that, unless otherwise
determined by the Committee, such deliveries may be made no more frequently than once 

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after
each Exercise Date. Any such certificates shall bear such restrictive legends as may be required by applicable law or regulation. 

        8.    Withdrawal; Termination of Employment    

        a.     A
Participant may withdraw all, but not less than all, the payroll deductions or payments and cash dividends credited to such Participant's account (that have not been
used to purchase Ordinary Shares or ADRs) under the Plan at any time by giving written notice to the Company received prior to the Exercise Date. All such payroll deductions or payments and cash
dividends credited to such Participant's account will be paid to such Participant promptly after receipt of such Participant's notice of withdrawal and such Participant's option for the Offering
Period in which the withdrawal occurs will be automatically terminated. No further payroll deductions for the purchase of Ordinary Shares or ADRs will be made for such Participant during such Offering
Period, and any additional cash dividends during the Offering Period will be distributed to the Participant. 

        b.     Upon
termination of a Participant's continuous status as an Employee during the Offering Period for any reason including voluntary termination, retirement or death, the
payroll deductions or payments and cash dividends credited to such Participant's account, that have not been used to purchase Ordinary Shares or ADRs will be returned (and any future cash dividends
will be distributed) to such Participant, or in the case of such Participant's death, to the person or persons entitled thereto under Section 12
hereof and such Participant's account (that have not been used to purchase Ordinary Shares) will be returned (and any future cash dividends will be distributed) to such Participant or, in the case of
such Participant's death, to the person or persons entitled thereto under Section 12 hereof and such Participant's option will be automatically terminated. 

        c.     A
Participant's withdrawal from an offering will not have any effect upon such Participant's eligibility to participate in a succeeding offering or in any similar plan
that may hereafter be adopted by the Company. 

        9.    Dividends and Interest    

        a.     Cash
dividends paid on Ordinary Shares held in a Participant's account shall be credited to such Participant's account and used in addition to payroll deductions to
purchase Ordinary Shares on the Exercise Date. Dividends paid in Ordinary Shares or share splits of the Ordinary Shares shall be credited to the accounts of Participants. Dividends paid in property
other than cash or Ordinary Shares shall be distributed to Participants as soon as practicable. 

        b.     No
interest shall accrue on or be payable with respect to the payroll deductions or credited cash dividends of a Participant in the Plan. 

        10.    Ordinary Shares    

        a.     Subject
to adjustment upon Changes in Capitalization of the Company as provided in Section 17 hereof, with respect to calendar year 2003, the maximum number of
Ordinary Shares which shall be reserved for sale under the Plan shall be 500,000; provided that such maximum number of Ordinary Shares shall increase each year after calendar year 2003 by the lesser
of (x) 250,000 Ordinary Shares, or (y) one and a half percent (1.5%) of the total number of outstanding Ordinary Shares as of December 31st of the immediately preceding calendar
year If the total number of Ordinary Shares which would otherwise be subject to options granted pursuant to Section 4.a. hereof on an Offering Date exceeds the number of Ordinary Shares then
available under the Plan (after deduction of all shares for which options have previously been exercised or are then outstanding), the Committee shall make a pro rata allocation of the shares
remaining available for option grant under the Plan in as uniform a manner as shall be practicable and as it shall determine to be equitable. In such event, the Company shall give written notice to
each 

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Participant
of such reduction of the number of option shares affected thereby and shall similarly reduce the rate of payroll deductions, if necessary. 

        b.     Ordinary
Shares to be delivered to a Participant under the Plan will be registered in the name of the Participant or, at the election of the Participant, in the name of
the Participant and another person as joint tenants with rights of survivorship. 

        11.    Administration    The Plan shall be administered by the Committee, and the Committee may select an
administrator to whom its duties and responsibilities hereunder may be delegated. The appointment of the Committee and the administration of the Plan by the Committee shall be in accordance with any
applicable requirements of the Israeli Companies Law, Israeli tax law and any applicable non-Israeli tax, securities and other laws. The Committee shall have full power and authority,
subject to the provisions of the Plan, to promulgate such rules and regulations as it deems necessary for the proper administration of the Plan, to interpret the provisions and supervise the
administration of the Plan, and to take all action in connection therewith or in relation thereto as it
deems necessary or advisable. Any decision reduced to writing and signed by a majority of the members of the Committee shall be fully effective as if it had been made at a meeting duly held. The
Company will pay all expenses incurred in the administration of the Plan. No member of the Committee shall be personally liable for any action, determination, or interpretation made in good faith with
respect to the Plan, and all members of the Committee shall be fully indemnified by the Company with respect to any such action, determination or interpretation. 

        12.    Designation of Beneficiary    

        a.     A
Participant may file, on forms supplied by and delivered to the Company, a written designation of a beneficiary who is to receive any shares and cash remaining in such
Participant's account under the Plan in the event of the Participant's death. 

        b.     Such
designation of beneficiary may be changed by the Participant at any time by written notice. In the event of the death of a Participant and in the absence of a
beneficiary validly designated under the Plan who is living at the time of such Participant's death, the Company shall deliver such shares and/or cash to the executor or administrator of the estate of
the Participant or, if no such executor or administrator has been appointed (to the knowledge of the Company), the Company, will deliver such shares and/or cash to the legal heirs of the Participant. 

        13.    Limitations on Transferability.    Neither payroll deductions credited to a Participant's account nor any
rights with regard to the exercise of an option or to receive shares under the Plan may be assigned, transferred, pledged or otherwise disposed of in any way (other than by will, the laws of descent
and distribution or as provided in Section 12 hereof) by the Participant. Any such attempt at assignment, transfer, pledge or other disposition shall be without effect, except that the Company
may treat such act as an election to withdraw funds in accordance with Section 8 hereof. Any ADRs or Ordinary Shares acquired upon exercise of options shall be transferable only in accordance
with applicable securities and other local laws, and may be subject to substantial statutory or regulatory restrictions on transfer except to the extent exemptions (whether by registration or
otherwise) are available. 

        14.    Use of Funds.    All payroll deductions received or held by the Company under the Plan may be used by the
Company for any corporate purpose, and the Company shall not be obligated to segregate such payroll deductions. 

        15.    Reports.    Individual accounts will be maintained for each Participant in the Plan. Statements of account will
be given to Participants as soon as practicable following each Offering Period, which statements will set forth the amounts of payroll deductions, the per share purchase price, the number of Ordinary
Shares purchased, the aggregate shares in the Participant's account and the remaining cash balance, if any. 

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        16.    Withholding; Other Taxes; Information.    The Company may, in its discretion, require that, prior to crediting
to the Participant's account ADRs or Ordinary Shares, the Participant: (a) pay in the form of cash or certified check or money order to the Company any amount as the Company determines that it
is required to withhold under applicable national, state or local tax laws in respect of the exercise of an option or the transfer of ADRs or Ordinary Shares, which amounts may, in the Company's
discretion and subject to applicable law, in the alternative be withheld from the Optionee's salary, wages or other compensation payments; (b) agree to be responsible for, and indemnify the
Company from and against, any claim for payment of any other tax or duty that may become payable in connection with the exercise of an option or the transfer of ADRs or Ordinary Shares, which amounts
may, in the Company's discretion and subject to applicable law, in the alternative be withheld from the Optionee's salary, wages or other compensation payments; and (c) agree to, if requested
at any time by the Company, provide to the Company within 10 calendar days of such request, any information regarding the transfer or other disposition of ADRs or Ordinary Shares reasonably required
by the Company in order for the Company to comply with applicable local laws and regulations or obtain any benefits thereunder. 

        17.    Effect of Certain Changes.    In the event of a Change in Capitalization or the Company's distribution of an
extraordinary dividend, the Committee shall conclusively determine the appropriate equitable adjustments, if any, to be made under the Plan, including without limitation adjustments to the number of
Ordinary Shares which have been authorized for issuance under the Plan but have not yet been placed under option, as well as the price per Ordinary Share covered by each option under the Plan which
has not yet been exercised. 

        18.    Amendment or Termination    

        a.     The
Board may at any time terminate or amend the Plan, provided, however, that no such termination can adversely affect options previously granted and no amendment may
make any change in any option theretofore granted which adversely affects the rights of any Participant. No amendment shall be effective unless approved by the shareholders of the Company if
shareholder approval of such amendment is required to comply with Section 423 of the Code, with applicable rules and regulations under the Exchange Act or to comply with any other law,
regulation or stock exchange rule. 

        b.     Notwithstanding
any other provision of the Plan to the contrary, the Plan shall terminate as of the date on which all of the Ordinary Shares reserved for sale under the
Plan have been sold; provided that the terms and conditions of the Plan shall survive until all Ordinary Shares held in Participants' account have been distributed. 

        19.    Notices.    All notices or other communications by a Participant to the Company under or in connection with the
Plan shall be deemed to have been duly given when received in the form specified by the Company at the location, or by the person, designated by the Company for the receipt thereof. 

        20.    Effective Date.    This Amended and Restated Plan, as amended and restated as set forth above, shall be
effective as of the date adopted by the Board, subject to the approval of the Plan by the shareholders of the Company within twelve (12) months of the date on which the amended and restated
Plan is adopted. 

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Appendix A    
    

NICE SYSTEMS LTD.

1999 AMENDED AND RESTATED EMPLOYEE STOCK PURCHASE PLAN  

 
 

United States Participant Requirements  

        1.     It
is the intention of the Company that the Plan qualify as an "Employee Stock Purchase Plan" within the meaning of Section 423 of the Code, and the provisions of
the Plan shall be construed in a manner consistent with the requirements of such Section of the Code. 

        2.     "U.S.
Participant" shall mean a Participant who is subject to the income tax laws under the Code. 

        3.     With
respect to a U.S. Participant, the term "Compensation" shall mean salary or wages as reported by the Company to the United States government for federal income tax
purposes, including an Employee's portion of salary deferral contributions pursuant to Section 401 (k) of the Code and any amount excludable pursuant to Section 125 of the Code,
but including or excluding, in the discretion of the Committee but subject at all times to any minimum or maximum limits or non-discrimination requirements under the Code, any bonus, fee,
overtime pay, severance pay, expenses or other special emolument or any credit or benefit under any employee plan maintained by the Company. 

        4.     If
a Participant makes a disposition, within the meaning of Section 424 (c) of the Code and regulations promulgated thereunder, of any share or shares
issued to such Participant pursuant to such Participant's exercise of an option under the Plan, and such disposition occurs within the two-year period commencing on the day after the
Offering Date or within the one-year period commencing on the day after the exercise date, such Participant shall, within ten (10) days of such disposition, notify the Company
thereof and thereafter immediately deliver to the Company any amount of Federal, state or local income taxes and other amounts which the Company informs the Participant the Company is required to
withhold. The foregoing shall be in addition to any other withholding or reporting requirements set forth in the Plan. 

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Exhibit 4.4

Appendix A

United States Participant RequirementsQuickLinks
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Exhibit 10.1  

 IMPLANT SCIENCES CORPORATION

2000 EMPLOYEE STOCK PURCHASE PLAN  

Wakefield,
Massachusetts

October 12, 2000 

 
 

IMPLANT SCIENCES CORPORATION
  2000 INCENTIVE AND NONQUALIFIED STOCK OPTION PLAN    
    

SECTION 1. PURPOSES OF PLAN; DEFINITIONS  

        1.1    General Purposes.    Implant Sciences Corporation, a Massachusetts corporation (the Company), desires to afford
certain executives, key employees and directors of, and certain other individuals providing services to, the Company or its subsidiary companies an opportunity to initiate or increase their
proprietary interests in the Company, and thus to create in such persons an increased interest in and greater concern for the long-term welfare of the Company. The Company, by granting
under this 2000 Incentive and Nonqualified Stock Option Plan (this Plan) stock options to acquire shares of common stock of the Company (an Option), seeks to retain the services of persons now holding
key positions with the Company and to secure the services of other persons capable of filling key positions with the Company or its subsidiary companies. 

        1.2    Definitions.    For purposes of this Plan, the following terms shall have the indicated meanings: 

        Board
means the Board of Directors of the Company. 

        Cause
shall mean, with respect to any Option holder, a determination by the Company (including the Board) that the Holder's employment or other relationship with the Company should be
terminated as a result of (i) a material breach by the Option holder of any agreement to which the Option holder and the Company are parties, (ii) any act (other than retirement) or
omission to act by the Option holder that may have a material and adverse effect on the business of the Company or on the Option holder's ability to perform services for the Company, including,
without limitation, the proven or admitted commission of any crime (other than an ordinary traffic violation), or (iii) any material misconduct or material neglect of duties by the Option
holder in connection with the business or affairs of the Company. 

        Code
means the Internal Revenue Code of 1986, as amended, and any successor code thereto, together with related rules, regulations and interpretations; and any reference herein to a
particular Section of the Code shall include any successor provision of the Code. 

        Committee
has the meaning set forth in Section 2.1 hereof. 

        Common
Stock means the Common Stock, par value $.10 per share, of the Company, subject to adjustment pursuant to Section 8 hereof. 

        Greater-Than-Ten-Percent
Stockholder means any individual who, at the time he or she is granted an Option, owns or, as a result of the attribution
rules of Section 424(d) of the Code, is deemed to own more than ten percent of the total combined voting power of all classes of stock of the Company. 

        Incentive
Option means any Option designated and qualified as an incentive stock option within the meaning of Section 422 of the Code. The Company intends that Incentive Options
will qualify as incentive stock options within the meaning of Section 422 of the Code, and the terms of this Plan shall be interpreted in accordance with this intention; the Company makes no
warranty, however, as the qualification of any Option as an Incentive Option. 

        Nonqualified
Option means any Option that is not an Incentive Option. 

        Non-Employee
Director means any director who is not also an employee of the Company, its parent or any subsidiary. 

        Outside
Director means any director who (i) is not an employee of the Company or of any affiliated group, as such term is defined in Section 1504(a) of the Code, which
includes the Company (an Affiliate), (ii) is not a former employee of the Company or any Affiliate who is receiving compensation for prior services (other than benefits under a
tax-qualified retirement plan) during the Company's or any Affiliate's taxable year, (iii) has not been an officer of the Company or any Affiliate and (iv) does not receive
remuneration from the Company or any Affiliate, either directly or indirectly, in any capacity other than as a director. Outside Director shall be determined in accordance with Section 162(m)
of the Code and the Treasury regulations issued thereunder. 

        Securities
Act means the Securities Act of 1933, as amended, and any successor act thereto, together with related rules, regulations and interpretations. 

SECTION 2. ADMINISTRATION  

        2.1    Committee.    This Plan shall be administered by a committee (the Committee) consisting of at least two Outside
Directors. It is the intention of the Company that the Plan shall be administered to comply with the provisions of Rule 16b-3 under the Securities Exchange Act of 1934 (the Exchange
Act), but the authority and validity of any act taken or not taken by the Committee shall not be affected if any person administering the Plan is not a Non-Employee Director as defined in
the Rule. Except as specifically reserved to the Board under the terms of the Plan, and subject to Section 4.2 hereof, the Committee shall have full and final authority to operate, manage and
administer the Plan on behalf of the Company. Any or all powers and functions of the Committee may at any time and from time to time be exercised by the Board, and any reference in this Plan to the
Committee shall be deemed to refer to the Board to the extent the Board is exercising any of the powers and functions of the Committee. 

        2.2    Powers of the Committee.    Subject to the terms and conditions of this Plan and except with respect to Options
granted pursuant to Section 4.2, the Committee shall have the power: 

	(a)
	to
determine from time to time the individuals to whom Options shall be granted and the terms, conditions, restrictions and provisions (which need not be identical) of each of those
Options, including, with respect to each Option, the time at which the Option shall be granted, the number of shares of Common Stock that shall be subject to the Option, the exercise price for each
share of Common Stock subject to the Option (which price shall be subject to the requirements of Section 6.3), the period during which the Option shall be exercisable (whether in whole or in
part) and the time or times when each Option shall become exercisable;

	(b)
	to
modify or amend, in its sole discretion, conditionally or unconditionally, any outstanding Option granted under this Plan, including a reduction of the exercise price, an
acceleration of the vesting schedule, or an extension of the expiration date;

	(c)
	to
accelerate, in its sole discretion, an Option holder's right to exercise his or her Option in whole or in part, conditionally or unconditionally, at any time, including upon
consummation of the initial public offering of Common Stock;

	(d)
	generally,
to exercise such powers and to perform such acts as are deemed necessary or expedient to promote the best interests of the Company with respect to this Plan;

	(e)
	the
power to delegate to other persons the responsibility for performing ministerial acts in furtherance of the Plan's purpose;

	(f)
	the
power to engage the services of persons or organizations in furtherance of the Plan's purpose, including but not limited to banks, insurance companies, brokerage firms and
consultants; and 

	(g)
	to
construe and interpret this Plan and Options granted hereunder and to establish, amend, and revoke rules and regulations for the interpretation, management and administration of
this Plan. In this connection, the Committee may supply any omission, reconcile any inconsistency, or correct any other defect in this Plan or in any Option agreement in the manner and to the extent
it shall deem necessary or expedient to make this Plan fully effective. 

        All
decisions and determinations by the Committee in the exercise of the foregoing powers shall be final and binding upon the Company and Option holders. No member or former member of
the Committee or the Board shall be liable for any action or determination made in good faith with respect to this Plan or any Option. 

        2.3    Appointment and Proceedings of Committee.    The Board may from time to time appoint members of the Committee
in substitution for or in addition to members previously appointed, and subject to Section hereof, may fill vacancies, however caused, in the Committee. The Committee shall select one of its members
as its chairman and shall hold its meetings at such times and places as it shall deem advisable. A majority of its members shall constitute a quorum, and all actions of the Committee shall require the
affirmative vote of a majority of its members. Any action may be taken by a written instrument signed by all of the members, and any action so taken shall be as fully effective as if it had been taken
by a vote of a majority of the members at a meeting duly called and held. 

SECTION 3. STOCK  

        3.1    Stock to be Issued.    The stock subject to Options granted under this Plan may be shares of authorized and
issued Common Stock, shares of Common Stock held in treasury or both, at the discretion of the Company. The total number of shares of Common Stock that may be issued pursuant to Options granted under
the Plan shall not exceed 1,000,000 in the aggregate; provided, however, that the class and aggregate number of shares subject to Options shall be subject to adjustment as provided in Section hereof. 

        3.2    Termination of Option.    If any Option granted under this Plan expires or otherwise terminates without having
been exercised in whole or in part, the shares of Common Stock previously subject to the unexercised portion of that Option may be the subject of new Options under this Plan. 

        3.3    No Fractional Shares.    In no event shall any Option be exercisable for a fraction of a share of Common Stock. 

SECTION 4. ELIGIBILITY  

        4.1    Individuals Eligible.    Incentive Options may be granted only to officers and other employees of the Company,
including members of the Board who are also employees of the Company. Nonqualified Options may be granted to officers or other employees of the Company, including members of the Board, and to
consultants and other individuals who render services to the Company regardless of whether they are employees. Nonqualified Options may be granted to Non-Employee Directors only as
provided in Section 4.2 hereof. 

        4.2    Non-Discretionary Option Grants to Non-Employee Directors.    Any other provision of
this Plan to the contrary notwithstanding, Non-Employee Directors shall not be eligible to receive Options under the Plan except pursuant to this Section 4.2. Each
Non-Employee Director who is elected by the stockholders of the Company to the Board initially on or subsequent to the date on which this Plan is approved by stockholders pursuant to
Section 13 shall automatically be granted, upon such election, a Nonqualified Option to purchase 10,000 shares of Common Stock. Each Non-Employee Director who is reelected by the
stockholder of the Company to the Board on or subsequent to said date of stockholder approval of this Plan still automatically be granted, upon each such reelection, a Nonqualified Option to purchase
10,000 shares of Common Stock. Options shall be granted pursuant to this Section 4.2 only to persons who are serving as Non-Employee Directors on the Grant Date. Any share grant
referred to in this Section shall be subject to adjustment in accordance with Section 8 

hereof.
The purchase price per share of the Common Stock under each Option granted pursuant to this Section 4.2 shall be equal to the fair market value of the Common Stock, determined in
accordance with Section 6.3 hereof, on the date the Option is granted. Each such Option shall expire on the fifth anniversary of the date of grant. 

        4.3    Greater-Than-Ten-Percent Stockholders.    Except as may otherwise be
permitted by the Code or other applicable law or regulation, no Incentive Option shall be granted to a Greater-Than-Ten-Percent Stockholder unless (a) the
exercise price per share under the Incentive Option is not less than 110% of the fair market value of the Common Stock at the time at which the Incentive Option is granted and (ii) the
Incentive Option is not exercisable to any extent after the fifth anniversary of the date on which the Incentive Option is granted. 

        4.4    Maximum Aggregate Fair Market Value.    The aggregate fair market value (determined at the time the Incentive
Option is granted) of the Common Stock with respect to which Incentive Options are exercisable for the first time by any Option holder during any calendar year under this Plan and any other plans of
the Company for the issuance of incentive stock options (within the meaning of Section 422 of the Code) shall not exceed $100,000 or such greater amount as may from time to time be permitted
with respect to incentive stock options by the Code or any other applicable law or regulation. To the extent any Option exceeds the foregoing limitation, it shall be deemed a Nonqualified Option. 

        4.5    Limitation on Grants.    There is no limitation on the number of Options an individual may be granted in any
calendar year. 

SECTION 5. TERMINATION OF EMPLOYMENT OR DEATH OF OPTION HOLDER  

        5.1    Termination of Employment.    Except as otherwise expressly provided herein, an Option shall terminate on the
earliest of: 

	(a)
	the
date of expiration thereof;

	(b)
	the
date of cancellation thereof pursuant to Section 8.3(c);

	(c)
	sixty
days after the date on which the Option holder's employment with, or directorship or other services to, the Company are terminated other than for Cause; provided, however, that
if, before the date of expiration of the Option, the Option holder shall be retired in good standing from the employ of the Company for reasons of age under the then established rules of the Company,
the Option shall terminate on the earlier of such date of expiration or 90 days after the date of such retirement. In the event of such retirement, the Option holder shall have the right prior
to the termination of such Option to exercise the Option to the extent to which the Option holder was entitled to exercise such Option immediately prior to such retirement; and

	(d)
	the
date on which the Option holder's employment with, or directorship or other services to, the Company is terminated voluntarily by the Option holder or by the Company for Cause;
provided, however, that Nonqualified Options need not, unless the Committee determines otherwise, be subject to the provisions set forth in clauses (c) and (d) above nor to
Section 5.2 below. Whether authorized leave of absence, or absence on military or government service, shall constitute termination of an employment relationship between the Company and the
Option holder shall be determined by the Committee at the commencement thereof, and the Committee shall promptly notify the Option holder of such determination. Options shall not be affected by any
Option holder's change of employment within the Company or change in the identity of the Company to whom directorship or other services are provided, so long as the Option holder continues to be an
employee of, or to provide such services to, the Company. 

        5.2    Death or Permanent Disability of Option Holder.    In the event of the death or permanent and total disability
of an Option holder prior to termination of the Option holder's services to the Company 

and
prior to the date of expiration of such Option, such Option shall terminate on the earliest of its date of expiration, its date of cancellation pursuant to Section 8.3(c), and the date that
is 180 days after the date of such death or disability. After the death of the Option holder, his or her executors, administrators or any individual or individuals to whom the Option may be
transferred by will or by the laws of descent and distribution, shall have the right, at any time prior to the date of such termination, to exercise the Option to the extent the Option holder was
entitled to exercise the Option immediately prior to his or her death. Permanent and total disability for these purposes shall be determined in accordance with Section 22(e)(3) of the Code and
the rules, regulations and interpretations issued thereunder. 

SECTION 6. TERMS OF OPTION AGREEMENTS  

        Each Option shall be evidenced by an agreement (an Option Agreement) in writing that shall contain such terms, conditions, restrictions and other provisions as
the Committee shall from time to time deem appropriate. Any additional provisions shall not, however, be inconsistent with any other term or condition of this Plan and shall not cause any Incentive
Option to fail to qualify as an incentive stock option within the meaning of Section 422 of the Code. Option agreements need not be identical, but each Option agreement shall, by appropriate
language, include the substance of the following provisions: 

        6.1    Expiration of Option.    Subject to Section 4.2 hereof, notwithstanding any other provision of this Plan
or of the Option agreement, such Option shall expire on the date specified in the Option agreement, which date shall not, in the case of an Incentive Option, be later than the tenth anniversary (the
fifth anniversary in the case of a Greater-Than-Ten-Percent Stockholder) of the date on which the Option was granted, or as specified in Section 5 hereof. 

        6.2    Exercise    Subject to Section 4.2 hereof, each Option may be exercised so long as it is valid and
outstanding, from time to time in part or as a whole, subject to any limitations with respect to the number of shares for which the Option may be exercised at a particular time and to such other
conditions as the Committee in its discretion may specify upon granting the Option. 

        6.3    Exercise Price.    Subject to Section 4.2 hereof, the exercise price per share under each Option shall
be determined by the Committee at the time the Option is granted and shall not be less than the par value of the Common Stock obtainable upon the exercise thereof; provided, however, that the exercise
price of any Incentive Option shall not, unless otherwise permitted by the Code, be less than the fair market value of the Common Stock on the date the Option is granted (110% of the fair market value
in the case of a Greater- Than-Ten-Percent Stockholder). For these purposes, the fair market value of the Common Stock shall equal (a) the closing price per share on the
date of grant of the Option as reported by a nationally recognized stock exchange, (b) if the Common Stock is not listed on such an exchange, as reported by the National Market System or
another automated quotation system of the National Association of Securities Dealers, Inc., or (c) if the Common Stock is not quoted on any such system, the fair market value as
determined by the Committee. 

        6.4    Transferability of Options and Option Shares.    No Option shall be transferable by its holder or by operation
of law, otherwise than by will or under the laws of descent and distribution and shall not be subject to execution, attachment or similar process. Each Option shall, during the Option holder's
lifetime, be exercisable only by the Option holder. The Committee may in its discretion provide upon the grant of any Option that the shares of Common Stock purchasable upon exercise of such Option
shall be subject to such restrictions on transferability as the Committee may determine. Upon any attempt to transfer any Option under the Plan or any right or privilege conferred hereby, contrary to
the provisions of the Plan, or (if the Committee shall so determine) upon any levy or any attachment or similar process upon the rights and privileges conferred hereby, such Option shall thereupon
terminate and become null and void. 

        6.5    Rights of Option Holders.    No Option holder or other person shall, by virtue of the granting of an Option, be
deemed for any purpose to be the owner of any shares of Common Stock subject to such Option or to be entitled to the rights or privileges of a holder of such shares unless and until the 

Option
shall have been exercised pursuant to the terms thereof with respect to such shares and the Company shall have issued and delivered the shares to the Option holder. 

        6.6    Repurchase Right.    The Committee may in its discretion provide upon the grant of any Option that the Company
shall have an option to repurchase, upon terms and conditions determined by the Committee, all or any number of shares purchased upon exercise of such Option. The repurchase price per share payable by
the Company shall be such amount or be determined by such formula as is fixed by the Committee at the time of grant of the Option for the shares subject to repurchase. In the event the Committee
grants an Option subject to such a repurchase option, then so long as the shares purchased upon exercise of that Option remain subject to the repurchase option, each certificate representing those
shares shall bear a legend satisfactory to counsel for the Company referring to the Company's repurchase option. 

        6.7    Lockup Agreement.    The Committee may in its discretion specify upon granting an Option that the Option holder
shall agree for a period of time (not to exceed 180 days) from the effective date of any registration of securities of the Company (upon request of the Company or the underwriters managing any
underwritten offering of the Company's securities), not to sell, make any short sale of, loan, grant any option for the purchase of, or otherwise dispose of any shares issued pursuant to the exercise
of
such Option, without the prior written consent of the Company or such underwriters, as the case may be. 

SECTION 7. METHOD OF EXERCISE; PAYMENT OF EXERCISE PRICE  

        7.1    Method of Exercise.    Any Option may be exercised by the Option holder by delivering to the Company, on any
business day prior to the termination of the Option, a written notice specifying the number of shares of Common Stock the Option holder then desires to purchase and the address to which the
certificates for such shares are to be mailed, accompanied by payment of the exercise price for such shares. 

        7.2    Payment of Exercise Price.    Payment for the shares of Common Stock purchased upon exercise of an Option shall
be made by: 

	(a)
	cash
in an amount, or a check, bank draft or postal or express money order payable in an amount, equal to the aggregate exercise price of the shares being purchased;

	(b)
	with
the consent of the Committee, shares of Common Stock owned by the option holder for a period of at least 6 months and having a fair market value (as defined for purposes
of Section 6.3 hereof) equal to such aggregate exercise price;

	(c)
	with
the consent of the Committee, by reducing the number of Option shares otherwise issuable to the Option holder upon exercise of the Option by a number of shares having a fair
market value (as defined for purposes of Section 6.3 hereof) equal to such aggregate exercise price;

	(d)
	with
the consent of the Committee, a personal recourse note issued by the Option holder to the Company in a principal amount equal to such aggregate exercise price and with such other
terms, including interest rate and maturity, as the Committee may determine in its discretion; provided, however, that the interest rate borne by such note shall not be less than the lowest applicable
federal rate, as defined in Section 1274(d) of the Code;

	(e)
	with
the consent of the Committee, such other consideration that is acceptable to the Committee and that has a fair market value, as determined by the Committee, equal to such
aggregate exercise price, including any broker-directed cashless exercise/resale procedure adopted by the Committee; or

	(f)
	with
the consent of the Committee, any combination of the foregoing. 

        As
promptly as practicable after receipt of notice and payment pursuant to Section 7.1 hereof and any documents required pursuant to Sections 9.2 and 9.3 hereof, the Company shall
deliver to the 

Option
holder a certificate registered in the name of the Option holder and representing the number of shares with respect to which such Option has been so exercised; provided, however, that if any
law or regulation or order of the Securities and Exchange Commission or any other body having jurisdiction in the premises shall require the Company or the Option holder to take any action in
connection with the shares then being purchased, the date for the delivery of the certificates for such shares shall be extended for the period necessary to take and complete such action. Delivery by
the Company of the certificate for such shares shall be deemed effected for all purposes when the Company or a stock transfer agent of the Company shall have deposited such certificate in the United
States mail, addressed to the Option holder, at the address specified in the notice delivered pursuant to Section 7.1 hereof. 

SECTION 8. CHANGES IN COMPANY'S CAPITAL STRUCTURE  

        8.1    Rights of Company.    The existence of outstanding Options shall not affect in any way the right or power of
the Company or its stockholders to enter into, make or authorize, without limitation, 

	(a)
	any
adjustment, recapitalization, reorganization or other change in the Company's capital structure or its business,

	(b)
	any
merger or consolidation of the Company,

	(c)
	any
issue of Common Stock or of bonds, debentures, preferred or prior preference stock or other capital stock ahead of or affecting the Common Stock or the rights thereof,

	(d)
	a
dissolution or liquidation of the Company,

	(e)
	any
sale or transfer of all or any part of the assets or business of the Company, or

	(f)
	any
other corporate act or proceeding, whether of a similar character or otherwise. 

        8.2    Recapitalization, Stock Splits and Dividends.    If the Company shall effect any subdivision or consolidation
of shares of its stock or other capital readjustment, the payment of a stock dividend, or any other increase or reduction of the number of shares of its stock outstanding, in any such case without
receiving compensation therefor in money, services or property, then 

	(a)
	the
number, class and price per share of stock subject to each outstanding Option shall be appropriately adjusted in such a manner as to entitle an Option holder to receive upon
exercise of an Option, for the same aggregate cash consideration, the same total number and class of shares as he or she would have received as a result of the event requiring the adjustment had the
Option holder exercised the Option in full immediately prior to such event, and

	(b)
	the
number and class of shares with respect to which Options may be granted under this Plan shall be adjusted by substituting for the total number of shares of Common Stock then
reserved for issuance under this Plan that number and class of shares of stock that the owner of an equal number of outstanding shares of Common Stock would own as the result of the event requiring
the adjustment. 

        8.3    Mergers, Sales, etc.    If the Company shall be a party to a reorganization or merger with one or more other
corporations (whether or not the Company is the surviving or resulting corporation), shall consolidate with or into one or more other corporations, shall be liquidated, or shall sell or otherwise
dispose of substantially all of its assets to another corporation (each a Transaction), then: 

	(a)
	subject
to the provisions of clauses (b) and (c) below, after the effective date of the Transaction, each holder of an outstanding Option shall be entitled, upon
exercise of such Option and at no additional cost, to receive shares of Common Stock or, if applicable, shares of such other stock or other securities, cash or property as the holders of shares of
Common Stock received pursuant to the terms of the Transaction; 

	(b)
	the
Committee may accelerate the time for exercise of all outstanding Options to a date prior to the effective date of the Transaction, as specified by the Committee; or

	(c)
	all
outstanding Options may be canceled by the Committee as of the effective date of the Transaction, provided that (i) notice of such cancellation shall have been given to
each Option holder and (ii) each Option holder shall have the right to exercise such Option to the extent that the same is then exercisable or, if the Committee shall have accelerated the time
for exercise of all outstanding Options, in full during the thirty-day period preceding the effective date of the Transaction. 

        8.4    Adjustments to Common Stock Subject to Options.    Except as hereinbefore expressly provided, the issue by the
Company of shares of stock of any class, or securities convertible into shares of stock of any class, for cash or property, or for labor or services, either upon direct sale or upon the exercise of
rights or warrants to subscribe therefor, or upon conversion of shares or obligations of the Company convertible into such shares or other securities, shall not affect, and no adjustment by reason
thereof shall be made with respect to, the number or price of shares of Common Stock then subject to outstanding Options. 

        8.5    Miscellaneous.    Adjustments under this Section 8 shall be determined by the Committee, and such
determinations shall be conclusive. The Committee shall have the discretion and power in any such event to determine and to make effective provision for acceleration of the time or times at which any
Option or portion thereof shall become exercisable. No fractional shares of Common Stock shall be issued under this Plan on account of any adjustment specified above. 

SECTION 9. GENERAL RESTRICTIONS  

        9.1    Granting of Options.    No Option may be granted under this Plan after the tenth anniversary of the effective
date hereof. 

        9.2    Investment Representations.    The Company may require any individual to whom an Option is granted, as a
condition of exercising such Option, to give written assurances in substance and form satisfactory to the Company to the effect that such individual is acquiring the Common Stock subject to the Option
for his or her own account for investment and not with a view to the resale or distribution thereof, and to such other effects as the Company deems necessary or advisable in order to comply with the
Securities Act and applicable state securities laws. 

        9.3    Compliance with Securities Laws.    The Company shall not be required to sell or issue any shares under any
Option if the sale or issuance of such shares would constitute a violation by the Option holder or the Company of any provision of any law or regulation of any governmental authority, including the
Securities Act. In addition, the Company shall not be required to sell or issue shares upon the exercise of any Option unless the Committee has received evidence satisfactory to it that the holder of
such Option will not transfer such shares except pursuant to a registration statement in effect under the Securities Act or unless an opinion of counsel satisfactory to the Company has been received
by the Company to the effect that such registration is not required. Any determination in this connection by the Committee shall be final, binding and conclusive. In the event the shares issuable on
exercise of an Option are not registered under the Securities Act, the Company may imprint upon any certificate representing shares so issued the following legend or any other legend that counsel for
the Company considers necessary or advisable to comply with the Securities Act and applicable state securities laws: 

        The
shares of stock represented by this certificate have not been registered under the Securities Act of 1933 or under the securities laws of any state and may not be sold or transferred
except upon such registration or upon receipt by the issuer of an opinion of counsel satisfactory to the issuer, in form and substance satisfactory to the issuer, that registration is not required for
such sale or transfer. 

        The
Company may, but shall not be obligated to, register the shares of stock covered by any Options pursuant to the Securities Act. In the event such shares are so registered, the
Company may remove any legend on certificates representing such shares. The Company shall not be obligated to 

take
any affirmative action in order to cause the exercise of an Option or the issuance of shares pursuant thereto to comply with any law or regulation of any governmental authority. 

        9.4    Other Certificate Legends.    The Company may endorse such other legends upon the certificates for shares of
Common Stock issued upon exercise of an Option and may issue such stop transfer instructions to the transfer agent for the Common Stock as the Committee may, in its discretion, determine to be
necessary or appropriate (a) to implement the provisions of this Plan and such Option
with respect to such shares and (b) to permit the Company to determine the occurrence of a disqualifying disposition (as defined in Section 421(b) of the Code) of shares issued upon
exercise of Incentive Options. 

        9.5    Employment Obligation.    The granting of any Option shall not impose upon the Company any obligation to employ
or continue to employ any Option holder. The right of the Company to terminate the employment of any officer or other employee thereof shall not be diminished or affected by reason of the fact that an
Option has been granted to such officer or other employee. 

SECTION 10. WITHHOLDING TAXES  

        10.1    Rights of Company.    The Company may require an employee exercising a Nonqualified Option, or disposing of
shares of Common Stock acquired pursuant to the exercise of an Incentive Option in a disqualifying disposition (as defined in Section 421(b) of the Code), to reimburse the Company for any taxes
required by any government to be withheld or otherwise deducted and paid by such employer corporation in respect of the issuance or disposition of such shares. In lieu thereof, the employer
corporation shall have the right to withhold the amount of such taxes from any other sums due or to become due from such corporation to the employee upon such terms and conditions as the Committee may
prescribe. The employer corporation may, in its discretion, hold the stock certificate to which such employee is otherwise entitled upon the exercise of an Option as security for the payment of any
such withholding tax liability, until cash sufficient to pay that liability has been received or accumulated. 

        10.2    Payment in Shares.    An employee may elect to have such tax withholding obligation satisfied, in whole or in
part, by (i) authorizing the Company to withhold from shares of Common Stock to be issued pursuant to the exercise of a Nonqualified Option a number of shares with an aggregate fair market
value (as defined in Section 6.3 hereof determined as of the date the withholding is effected) that would satisfy the minimum withholding amount due with respect to such exercise, or
(ii) transferring to the Company shares of Common Stock owned by the employee for a period of at least six months and with an aggregate fair market value (as defined in Section 6.3
hereof determined as of the date the withholding is effected) that would satisfy the withholding amount due. 

        10.3    Notice of Disqualifying Disposition.    Each holder of an Incentive Option shall agree to notify the Company
in writing immediately after making a disqualifying disposition (as defined in Section 421(b) of the Code) of any Common Stock purchased upon exercise of the Incentive Option. 

SECTION 11. AMENDMENT OR TERMINATION OF PLAN  

        11.1    Amendment.    The Board may terminate the Plan and may amend the Plan at any time, and from time to time,
subject to the limitation that, except as provided in Section 8 hereof, no amendment shall be effective unless approved by the stockholders of the Company in accordance with applicable law and
regulations, at an annual or special meeting held within 12 months before or after the date of adoption of such amendment, in any instance in which such amendment would: 

	(i)
	increase
the number of shares of Common Stock that may be issued under, or as to which Options may be granted pursuant to, the Plan; or

	(ii)
	change
in substance the provisions of Section 4 hereof relating to eligibility to participate in the Plan. Without limiting the generality of the foregoing, the Board is
expressly authorized to amend the Plan, at any time and from time to time, to confirm it to the provisions of 

Rule 16b-3
(or successor rule) under the Exchange Act, as that Rule may be amended from time to time. 

        Except
as provided in Section 8 hereof, the rights and obligations under any Option granted before amendment of this Plan or any unexercised portion of such Option shall not be
adversely affected by amendment of this Plan or such Option without the consent of the holder of such Option. 

        11.2    Termination.    This Plan shall terminate as of the tenth anniversary of its effective date. The Board may
terminate this Plan at any earlier time for any or no reason. No Option may be granted after the Plan has been terminated. No Option granted while this Plan is in effect shall be altered or impaired
by termination of this Plan, except upon the consent of the holder of such Option. The power of the Committee to construe and interpret this Plan and the Options granted prior to the termination of
this Plan shall continue after such termination. 

SECTION 12. NONEXCLUSIVITY OF PLAN  

        Neither the adoption of this Plan by the Board nor the submission of this Plan to the stockholders of the Company for approval shall be construed as creating any
limitations on the power of the Board to adopt such other incentive arrangements as it may deem desirable, including the granting of stock options otherwise than under this Plan, and such arrangements
may be either applicable generally or only in specific cases. 

        The
Committee's determinations under the Plan need not be uniform and may be made by it selectively among persons who receive, or are eligible to receive, awards under the Plan (whether
or not such persons are similarly situated). Without limiting the generality of the foregoing, the Committee shall be entitled, among other things, to make non-uniform and selective
determinations, and to enter into non-uniform and selective Plan agreements, as to (i) the persons to receive awards under the Plan, (ii) the terms and provisions of awards
under the Plan, (iii) the exercise by the Committee of its discretion in respect of the exercise of options pursuant to the terms of the Plan, and (iv) the treatment of leaves of absence
pursuant to Section 5.1 hereof. 

SECTION 13. EFFECTIVE DATE  

        This Plan shall become effective upon its adoption by the Board, provided that the stockholders of the Company shall have approved this Plan within twelve months
prior to or following the adoption of this Plan by the Board. Subject to the foregoing, Options may be granted under the Plan at any time subsequent to its effective date; provided, however, that
(a) no such Option shall be exercised or exercisable unless the stockholders of the Company shall have approved the Plan within twelve months prior to or following the adoption of this Plan by
the Board, and (b) all Options issued prior to the date of such stockholders' approval shall contain a reference to such condition. 

SECTION 14. PROVISIONS OF GENERAL APPLICATION  

        14.1    Severability.    The invalidity or unenforceability of any provision of this Plan shall not affect the
validity or enforceability of any other provision of this Plan, each of which shall remain in full force and effect. 

        14.2    Construction.    The headings in this Plan are included for convenience only and shall not in any way effect
the meaning or interpretation of this Plan. Any term defined in the singular shall include the plural, and vice versa. The words herein, hereof and hereunder refer to this Plan as a whole and not to
any particular part of this Plan. The word including as used herein shall not be construed so as to exclude any other thing not referred to or described. 

        14.3    Further Assurances.    The Company and any holder of an Option shall from time to time execute and deliver any
and all further instruments, documents and agreements and do such other and further acts and things as may be required or useful to carry out the intent and purpose of this Plan and such Option and to
assure to the Company and such Option holder the benefits contemplated by 

this
Plan; provided, however, that neither the Company nor any Option holder shall in any event be required to take any action inconsistent with the provisions of this Plan. 

        14.4    Governing Law.    This Plan and each Option shall be governed by the laws of The Commonwealth of
Massachusetts. 

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IMPLANT SCIENCES CORPORATION 2000 INCENTIVE AND NONQUALIFIED STOCK OPTION PLAN

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