Document:

<PAGE>

                                 EXHIBIT 10.103

                  EZCORP, INC. 2007 INCENTIVE COMPENSATION PLAN

PORTIONS OF THIS EXHIBIT HAVE BEEN OMITTED AND ARE BEING FILED SEPARATELY WITH
THE SECURITIES AND EXCHANGE COMMISSION IN A CONFIDENTIAL TREATMENT REQUEST UNDER
RULE 24B-2 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED. THE SYMBOL "[***]
IN THIS EXHIBIT INDICATES THAT INFORMATION HAS BEEN OMITTED.

                                     EZCORP

                     FY 2007 Incentive Compensation Program

POLICY

It is a policy of EZCORP, Inc. and its wholly owned affiliates (also referred to
as "the Company") to offer a total compensation package which is commensurate
with the job assigned, competitive within the affiliated industry, and
reflective of the value of each individual's performance and overall
contribution towards the short and long term success of the Company.

As a supplement to the base compensation paid and stock option awards granted by
EZCORP, the Company offers the FY2007 Incentive Compensation Program (the
"Program") to reward the accomplishment of corporate, business unit, and
personal objectives for select key associates. This Program is designed to
motivate selected associates to strive for excellence in both Company and
specific personal objectives and provides incentive compensation awards for
their achievement.

OBJECTIVES

The primary objectives of the EZCORP Incentive Compensation Program are:

     1.   To provide an incentive for individuals to drive their performance to
          achieve strategic Company and personal objectives.

     2.   To attract, retain and motivate top-quality associates who are able to
          add significant value to the Company's performance.

     3.   To provide incentive compensation opportunities which are competitive
          for the associate levels and the affiliated industry.

ELIGIBILITY FOR PARTICIPATION

The Compensation Advisory Group (President & CEO, SVP Administration and the SVP
& CFO) will determine which positions participate in the Program. Participants
are generally selected from positions that typically have incentive-based
compensation components in the industry and from individuals who make meaningful
and substantial contributions to the business. Participation in the Program will
be determined prior to the beginning of the fiscal year. Eligible associates
will usually be drawn from:

<PAGE>

     1.   Officers and Executives of the Company.

     2.   Regional and Corporate Director Level Management

     3.   Key Management individuals as determined by the Compensation Advisory
          Group

SETTING OF FINANCIAL MEASUREMENTS AND INDIVIDUAL OBJECTIVES

COMPANY OBJECTIVE:

The Chief Executive Officer, with the concurrence of the Board of Directors will
identify specific financial measures and set Company Objectives that will be
used to determine the incentive awards for the year.

INDIVIDUAL OBJECTIVES:

The Executive Committee will determine overall departmental objectives and
assign some or all of those objectives as Personal Objectives to specific
individual participants. The 2007 ICP DEPARTMENT OBJECTIVES are attached.

Awards will be based on the level of attainment of both the Company Objectives
and the Personal Objectives of each participant. HOWEVER, THE COMPANY WILL SET A
MINIMUM FINANCIAL THRESHOLD THAT MUST BE ATTAINED FOR ANY INCENTIVE COMPENSATION
TO BE PAID.

Periodic progress reviews will be conducted with participants during the year in
the monthly Key Performance Review (KPR) meetings to monitor progress and ensure
on-going focus and alignment.

FY 2007 COMPANY OBJECTIVES AND INCENTIVE TARGETS

Net Income will be used to determine actual financial award payouts for FY2007.
For purposes of this Program, "Net Income" is defined as the net income shown on
the audited financial statements, adjusted for any special items, charges and
credits, which the Board Compensation Committee, in its sole discretion,
determines are unusual or infrequently occurring events or situations and that
generally do not provide or require cash, and also are not subject to the direct
control of management.

The Company's net income goal for Incentive Compensation is [***]. The minimum
threshold for payout is reached at [***] and the maximum payout is achieved at
[***].

The payout for financial participation can be read from the following matrix
based on FY2007 "Net Income":

<TABLE>
<S>            <C>     <C>     <C>
Net Income     [***]   [***]   [***]
%>FY2006       [***]   [***]   [***]
Bonus Payout   [***]   [***]   [***]
</TABLE>

FY 2007 PERSONAL OBJECTIVES AND INCENTIVE TARGETS

     1.   The Executive Committee has established Departmental Objectives for
          FY2007. Based upon those Departmental Objectives, participants have
          been assigned Personal Objectives for the FY2007 Incentive
          Compensation Program that is attached. These Personal Objectives are
          subject to revisions based upon changing circumstances as deemed
          appropriate by the President & CEO throughout the year.

<PAGE>

     2.   The quality of the output of specific Personal Objectives will be a
          substantial portion of the payout rating. To ensure consistency in the
          scoring of the performance in achieving Personal Objectives by
          individual participants, the following definitions and payout
          structure are provided:

<TABLE>
<S>                                     <C>
* Achieved or exceeds the target goal   Payout 100%

* Slight miss of the target goal        Payout 50% to 75%

* Miss minimum target goal              Payout zero
</TABLE>

     3.   The Personal Objectives portion of the incentive award is maximized at
          100% of the allocated percentage. The Executive Committee will
          determine scores to be given.

     4.   The relative weighting of Company and Personal Objectives will be
          determined based upon the individual position and the amount of
          control they have on the achievement of the Objectives. Therefore,
          individual participants will have different weighting between Company
          and Personal Objectives, as shown in Schedule "A".

                  CALCULATION OF INCENTIVE COMPENSATION PAYOUT

THE COMPANY OBJECTIVES AND THE PERSONAL OBJECTIVES WILL BE SCORED BASED UPON THE
ACTUAL RESULTS ACHIEVED FOR THE PROGRAM YEAR. EACH PARTICIPANT'S ACTUAL PAYOUT
WILL BE DETERMINED USING THE FORMULA BELOW:

<TABLE>
<S>  <C>                                 <C>     <C>    <C>
A.   % Company Objective Participation   ____%   (A1)   (assigned, see personal
                                                        documentation)

     Matrix Rating                       ____%   (A2)   (Company financial goal;
                                                        percent achievement)

     (A1 x A2) =                         ____%   (A3)   (Company Objective Factor)

B.   % Personal Objectives
     Participation                       ____%   (B1)   (assigned, see personal
                                                        documentation)

     Weighted Rating for                                (sum  of all  personal
     Personal Objectives                 ____%   (B2)   objective  ratings  divided
                                                        by the  number  of
                                                        assigned objectives)

     (B1 x B2) =                         ____%   (B3)   (Personal Objective Factor)

C.   Base Salary as of October 1, 2005   $____   (C1)

     Participation Factor                ____%   (C2)   (Sum of A3 + B3)

     (C1 x C2) =                         $____   (C3)   Incentive Payout
</TABLE>

CALCULATION EXAMPLE:

[***]

<PAGE>

<TABLE>
<S>  <C>                                 <C>     <C>    <C>
A.   Company Obj. Potential              [***]   (A1)   (assigned, see personal
                                                        documentation)

     Company Matrix Rating               [***]   (A2)

     (A1 x A2) =                         [***]   (A3)   (Company Factor)

B.   Personal Obj. Potential             [***]   (B1)   (assigned, see personal
                                                        documentation)

     Weighted Rating                     [***]   (B2)   (sum of all personal
                                                        objective  ratings divided
                                                        by the number of assigned
                                                        objectives)

     (B1 x B2) =                         [***]   (B3)   (Objective Factor)

C.   Base Salary as of 10/1/05           [***]   (C1)

     Participation Factor (A3 + B3)      [***]   (C2)   (Sum of Company Factor and
                                                        Personal Factor)

     (C1 x C2) =                         [***]   (C3)   Incentive Payout
</TABLE>

INCENTIVE PROGRAM FUNDING

Funding for the Incentive Compensation Program will be based on the number of
participants selected for the individual Program year and their individual level
of participation. At the beginning of each fiscal year, a budget will be
established based on participant information and on economic, operational and
financial profitability. The full amount of the Program payouts will be included
in the administrative expense of the Company prior to the determination of the
Company's final results for ICP purposes. Therefore, the funding of the ICP
payouts is a part of the financial results of the Company for incentive
calculations.

                          ADMINISTRATION OF THE PROGRAM

AMENDMENTS TO OR TERMINATION OF THE PROGRAM

          While it is the intention of the Company to provide an incentive
          compensation plan annually, the company reserves the right to:

          -    Amend or modify the incentive plan in its entirety;

          -    Suspend or terminate the Program at any time.

PERFORMANCE MEASUREMENT

     1.   The Executive Committee, at its sole discretion, will score each
          departmental objective and the individual performance of each ICP
          participant as it relates to that specific Objective. Participants who
          share a common Personal Objective may be rated differently based upon
          their contribution to the achievement or lack of achievement of that
          specific objective.

     2.   The fact that an associate is initially selected as eligible to
          participate in the ICP does not mean that he or she is entitled to or
          guaranteed receipt of an incentive compensation award.

     3.   Actions taken by a Participant in the Program to enhance his or her
          incentive pay at the expense of the long-term benefit of the Company
          will result in the Participant being disqualified as a Program
          Participant, at the sole discretion of the Company.

<PAGE>

     4.   If it can be determined by the Company, at its sole discretion, that a
          Participant's actions throughout the ICP year did not support or
          actually worked against their team's ability to meet its objective,
          the Participant will not receive any incentive compensation award even
          if all of the objectives are obtained.

     5.   The Compensation Advisory Group reserves the right, in its sole
          discretion, to establish the measurement systems associated with this
          Program and to approve in advance, departmental and Personal
          Objectives.

     6.   Any participant who receives an "UNSATISFACTORY" appraisal rating as
          determined by the Company in its sole discretion, for the incentive
          period will not be eligible for an incentive award for that period.

NO IMPLIED CONTRACT

The information presented in this Program shall not in any way be construed to
constitute a binding employment or compensation contract between the Company and
its associates, nor shall it in any way affect the "employment-at-will
relationship" between associates and the Company.

RULES CONCERNING AWARDS PAYMENTS AND PARTICIPATION

     1.   Participants must be employed with the Company at the time incentive
          payments are made to be eligible to receive an award

     2.   Participants who voluntarily or involuntarily leave the service of the
          Company shall not be entitled to receive an award at the end of the
          Program year.

     3.   Recommendations to include a new hire or a promoted associate into the
          Program at any time during the Program year must be approved by the
          Chief Executive Officer. This action is mandatory before informing any
          associate of their participation in the Program. Partial year
          participant awards, if any, will be prorated based upon full months of
          the associate's inclusion into the Program and their achievement of
          Program year objectives.

     4.   Associates hired after the second fiscal quarter (March 31, 2007) will
          not normally be eligible for participation until the following Program
          year. The Chief Executive Officer must approve any exceptions to the
          above in advance. This action is mandatory before informing any
          associate of their participation in the Program.

DISCRETIONARY AWARDS

The CEO will have the authority to award "discretionary bonuses" at year-end.
These awards will be granted to individuals based upon the associate's
contribution toward either the achievement of the Company's strategic objectives
or the FY2007 financial plan. Individual awards will not exceed [***]; aggregate
of awards will not exceed [***] annually.

EFFECTIVE DATE OF THE PROGRAM:

This Program shall be in effect for the fiscal year 2007.

<PAGE>

APPROVALS:

                                       Date: 10-1-06
-------------------------------------
JOE ROTUNDA
Chief Executive Officer

                                       Date: 10-1-06
-------------------------------------
ROBERT KASENTER
Sr. Vice President, Administration

                                       Date: 10-1-06
-------------------------------------
CONNIE KONDIK
VP & General Counsel, Secretary to
the Board Confirming Compensation
Committee Approval

                             FY 2007 ICP OBJECTIVES

                                      [***]

                                    EXHIBIT A
                             FY2007 ICP PARTICIPANTS

                                      [***]<PAGE>

                                 EXHIBIT 10.104

                        EZCORP, INC. 2006 INCENTIVE PLAN

                                       104

<PAGE>
                                                                               .
                                                                               .
                                                                               .

                                TABLE OF CONTENTS

<TABLE>
<S>                                                                          <C>
Section 1.  DEFINITIONS ..................................................   109
Section 2.  SHARES OF STOCK SUBJECT TO THE PLAN ..........................   114
   2.1      Maximum Number of Shares .....................................   114
   2.2      Limitation of Shares .........................................   114
   2.3      Description of Shares ........................................   115
   2.4      Registration and Listing of Shares ...........................   115
Section 3.  ADMINISTRATION OF THE PLAN ...................................   115
   3.1      Committee ....................................................   115
   3.2      Duration, Removal, Etc. ......................................   115
   3.3      Meetings and Actions of Committee ............................   115
   3.4      Committee's Powers ...........................................   116
Section 4.  ELIGIBILITY AND PARTICIPATION ................................   116
   4.1      Eligible Individuals .........................................   116
   4.2      Grant of Awards ..............................................   116
   4.3      Date of Grant ................................................   116
   4.4      Award Agreements .............................................   117
   4.5      Limitation for Incentive Options .............................   117
   4.6      No Right to Award ............................................   117
Section 5.  TERMS AND CONDITIONS OF OPTIONS ..............................   117
   5.1      Number of Shares .............................................   117
   5.2      Vesting.......................................................   117
   5.3      Expiration of Options.........................................   117
   5.4      Exercise Price................................................   117
   5.5      Method of Exercise............................................   118
   5.6      Incentive Option Exercises ...................................   118
   5.7      Medium and Time of Payment ...................................   118
   5.8      Payment with Sale Proceeds ...................................   118
   5.9      Payment of Taxes .............................................   118
   5.10     Limitation on Aggregate Value of Shares That May Become
            First Exercisable During Any Calendar Year Under an Incentive
            Option .......................................................   119
   5.11     No Fractional Shares .........................................   119
   5.12     Modification, Extension, and Renewal of Options ..............   119
   5.13     Other Agreement Provisions ...................................   119
Section 6.  STOCK APPRECIATION RIGHTS ....................................   120
   6.1      Form of Right ................................................   120
   6.2      Rights Related to Options ....................................   120
            (a) Exercise and Transfer ....................................   120
            (b) Value of Right ...........................................   120
   6.3      Right Without Option .........................................   120
            (a) Number of Shares .........................................   120
            (b) Vesting ..................................................   120
</TABLE>

                                       105

<PAGE>

<TABLE>
<S>                                                                          <C>
            (c) Expiration of Rights .....................................   120
            (d) Value of Right ...........................................   120
   6.4      Limitations on Rights ........................................   121
   6.5      Payment of Rights ............................................   121
   6.6      Payment of Taxes .............................................   121
   6.7      Other Agreement Provisions ...................................   121
Section 7.  RESTRICTED STOCK AWARDS ......................................   121
   7.1      Restrictions .................................................   121
            (a) Transferability ..........................................   121
            (b) Conditions to Removal of Restrictions ....................   122
            (c) Legend ...................................................   122
            (d) Possession ...............................................   122
            (e) Other Conditions .........................................   122
   7.2      Expiration of Restrictions ...................................   122
   7.3      Rights as Shareholder ........................................   122
   7.4      Payment of Taxes .............................................   122
   7.5      Other Agreement Provisions ...................................   124
Section 8.  AWARDS TO NON-EMPLOYEE DIRECTORS .............................   124
   8.1      Awards to Committee Members ..................................   124
   8.2      Eligibility for Awards .......................................   124
Section 9.  ADJUSTMENT PROVISIONS ........................................   124
   9.1      Adjustment of Awards and Authorized Stock ....................   124
   9.2      Changes in Control ...........................................   125
   9.3      Restructuring Without Change in Control ......................   125
   9.4      Notice of Restructuring ......................................   126
Section 10. ADDITIONAL PROVISIONS ........................................   127
   10.1     Termination of Employment ....................................   127
   10.2     Other Loss of Eligibility - Non-Employees ....................   127
   10.3     Death ........................................................   127
   10.4     Disability ...................................................   127
   10.5     Leave of Absence .............................................   127
   10.6     Transferability of Awards ....................................   127
   10.7     Forfeiture and Restrictions on Transfer ......................   127
   10.8     Delivery of Certificates of Stock ............................   128
</TABLE>

                                       106

<PAGE>

<TABLE>
<S>                                                                          <C>
   10.9     Conditions to Delivery of Stock ..............................   128
   10.10    Certain Directors and Officers ...............................   129
   10.11    Securities Act Legend ........................................   129
   10.12    Legend for Restrictions on Transfer ..........................   129
   10.13    Rights as a Shareholder ......................................   129
   10.14    Furnish Information ..........................................   130
   10.15    Obligation to Exercise. The granting of an Award hereunder
            shall impose no obligation upon the Holder to exercise the
            same or any part thereof .....................................   130
   10.16    Adjustments to Awards ........................................   130
   10.17    Remedies .....................................................   130
   10.18    Information Confidential .....................................   130
   10.19    Consideration ................................................   130
Section 11. DURATION AND AMENDMENT OF PLAN ...............................   130
   11.1     Duration .....................................................   130
   11.2     Amendment ....................................................   130
Section 12. GENERAL ......................................................   131
   12.1     Application of Funds .........................................   131
   12.2     Right of the Corporation and Subsidiaries to Terminate
            Employment ...................................................   131
   12.3     No Liability for Good Faith Determinations ...................   131
   12.4     Other Benefits ...............................................   131
   12.5     Exclusion From Pension and Profit-Sharing Compensation .......   131
   12.6     Execution of Receipts and Releases ...........................   131
   12.7     Unfunded Plan ................................................   131
   12.8     No Guarantee of Interests ....................................   132
   12.9     Payment of Expenses ..........................................   132
   12.10    Corporation Records ..........................................   132
   12.11    Information ..................................................   132
   12.12    No Liability of Corporation ..................................   132
   12.13    Corporation Action ...........................................   132
   12.14    Severability .................................................   132
   12.15    Notices ......................................................   133
   12.16    Successors ...................................................   133
   12.17    Headings .....................................................   133
</TABLE>

                                       107

<PAGE>

<TABLE>
<S>                                                                          <C>
   12.18    Governing Law ................................................   133
   12.19    Word Usage ...................................................   133
</TABLE>

                                       108
<PAGE>

                                  EZCORP, INC.
                               2006 INCENTIVE PLAN

                            SCOPE AND PURPOSE OF PLAN

     EZCORP, Inc., a Delaware corporation (the "Corporation"), has adopted this
2006 Incentive Plan (the "Plan") to provide for the granting of:

     (a) Incentive Options (hereafter defined) to certain Key Employees
(hereafter defined);

     (b) Nonstatutory Options (hereafter defined) to certain Key Employees,
Non-Employee Directors (hereafter defined) and other Persons;

     (c) Restricted Stock Awards (hereafter defined) to certain Key Employees
and other Persons; and

     (d) Stock Appreciation Rights (hereafter defined) to certain Key Employees
and other Persons.

     The purpose of the Plan is to provide an incentive for Key Employees and
directors of the Corporation or its Subsidiaries (hereafter defined) to aid the
Corporation in attracting able Persons to enter the service of the Corporation
and its Subsidiaries, to extend to them the opportunity to acquire a proprietary
interest in the Corporation so that they will apply their best efforts for the
benefit of the Corporation, and to remain in the service of the Corporation or
its Subsidiaries. This Plan has been adopted by the Board of Directors and
shareholders of the Corporation prior to the registration of any securities of
the Corporation under the Exchange Act (hereafter defined) and accordingly
amounts paid under the Plan are exempt from the provisions of Section 162(m) of
the Code (hereafter defined).

DEFINITIONS

"Acquiring Person" means any Person other than the Corporation, any Subsidiary
of the Corporation, any employee benefit plan of the Corporation or of a
Subsidiary of the Corporation or of a corporation owned directly or indirectly
by the shareholders of the Corporation in substantially the same proportions as
their ownership of Stock of the Corporation, or any trustee or other fiduciary
holding securities under an employee benefit plan of the Corporation or of a
Subsidiary of the Corporation or of a corporation owned directly or indirectly
by the shareholders of the Corporation in substantially the same proportions as
their ownership of Stock of the Corporation.

"Affiliate" means (a) any Person who is directly or indirectly the beneficial
owner of at least 10% of the voting power of the Voting Securities or (b) any
Person controlling, controlled by, or under common control with the Company or
any Person contemplated in clause (a) of this Section 1.2.

"Award" means the grant of any form of Option, Restricted Stock Award, or Stock
Appreciation Right under the Plan, whether granted individually, in combination,
or in tandem, to a Holder pursuant to the terms, conditions, and limitations
that the Committee may establish in order to fulfill the objectives of the Plan.

"Award Agreement" means the written agreement between the Corporation and a
Holder evidencing the terms, conditions, and limitations of the Award granted to
that Holder.

"Board of Directors" means the board of directors of the Corporation.

                                       109

<PAGE>

"Business Day" means any day other than a Saturday, a Sunday, or a day on which
banking institutions in the State of Texas are authorized or obligated by law or
executive order to close.

"Change in Control" means the event that is deemed to have occurred if:

ANY ACQUIRING PERSON IS OR BECOMES THE "BENEFICIAL OWNER" (AS DEFINED IN RULE
13D-3 UNDER THE EXCHANGE ACT), DIRECTLY OR INDIRECTLY, OF SECURITIES OF THE
CORPORATION REPRESENTING FIFTY PERCENT OR MORE OF THE COMBINED VOTING POWER OF
THE THEN OUTSTANDING VOTING SECURITIES OF THE CORPORATION; OR

MEMBERS OF THE INCUMBENT BOARD CEASE FOR ANY REASON TO CONSTITUTE AT LEAST A
MAJORITY OF THE BOARD OF DIRECTORS; OR

A PUBLIC ANNOUNCEMENT IS MADE OF A TENDER OR EXCHANGE OFFER BY ANY ACQUIRING
PERSON FOR FIFTY PERCENT OR MORE OF THE OUTSTANDING VOTING SECURITIES OF THE
CORPORATION, AND THE BOARD OF DIRECTORS APPROVES OR FAILS TO OPPOSE THAT TENDER
OR EXCHANGE OFFER IN ITS STATEMENTS IN SCHEDULE 14D-9 UNDER THE EXCHANGE ACT; OR

THE SHAREHOLDERS OF THE CORPORATION APPROVE A MERGER OR CONSOLIDATION OF THE
CORPORATION WITH ANY OTHER CORPORATION OR PARTNERSHIP (OR, IF NO SUCH APPROVAL
IS REQUIRED, THE CONSUMMATION OF SUCH A MERGER OR CONSOLIDATION OF THE
CORPORATION), OTHER THAN A MERGER OR CONSOLIDATION THAT WOULD RESULT IN THE
VOTING SECURITIES OF THE CORPORATION OUTSTANDING IMMEDIATELY BEFORE THE
CONSUMMATION THEREOF CONTINUING TO REPRESENT (EITHER BY REMAINING OUTSTANDING OR
BY BEING CONVERTED INTO VOTING SECURITIES OF THE SURVIVING ENTITY OR OF A PARENT
OF THE SURVIVING ENTITY) A MAJORITY OF THE COMBINED VOTING POWER OF THE VOTING
SECURITIES OF THE SURVIVING ENTITY (OR ITS PARENT) OUTSTANDING IMMEDIATELY AFTER
THAT MERGER OR CONSOLIDATION; OR

THE SHAREHOLDERS OF THE CORPORATION APPROVE A PLAN OF COMPLETE LIQUIDATION OF
THE CORPORATION OR AN AGREEMENT FOR THE SALE OR DISPOSITION BY THE CORPORATION
OF ALL OR SUBSTANTIALLY ALL THE CORPORATION'S ASSETS (OR, IF NO SUCH APPROVAL IS
REQUIRED, THE CONSUMMATION OF SUCH A LIQUIDATION, SALE, OR DISPOSITION IN ONE
TRANSACTION OR SERIES OF RELATED TRANSACTIONS) OTHER THAN A LIQUIDATION, SALE,
OR DISPOSITION OF ALL OR SUBSTANTIALLY ALL THE CORPORATION'S ASSETS IN ONE
TRANSACTION OR A SERIES OF RELATED TRANSACTIONS TO A CORPORATION OWNED DIRECTLY
OR INDIRECTLY BY THE SHAREHOLDERS OF THE CORPORATION IN SUBSTANTIALLY THE SAME
PROPORTIONS AS THEIR OWNERSHIP OF STOCK OF THE CORPORATION.

"Code" means the Internal Revenue Code of 1986, as amended.

"Committee" means the Committee, which Committee shall administer this Plan and
is further described under Section 3.

"Convertible Securities" means evidences of indebtedness, shares of capital
stock, or other securities that are convertible into or exchangeable for shares
of Stock, either immediately or upon the arrival of a specified date or the
happening of a specified event.

"Corporation" has the meaning given to it in the first paragraph under "Scope
and Purpose of Plan."

"Date of Grant" has the meaning given it in Section 4.3.

"Disability" has the meaning given it in Section 10.4.

"Effective Date" means September 21, 2006.

"Eligible Individuals" means (a) Key Employees, (b) Non-Employee Directors only
for purposes of Nonstatutory Options pursuant to Section 8, (c) any other Person
that the Committee designates as

                                       110

<PAGE>

eligible for an Award (other than for Incentive Options) because the Person
performs, or has performed, valuable services for the Corporation or any of its
Subsidiaries (other than services in connection with the offer or sale of
securities in a capital-raising transaction) and the Committee determines that
the Person has a direct and significant effect on the financial development of
the Corporation or any of its Subsidiaries, and (d) any transferee of an Award
if the Award Agreement provides for transfer of the Award and the Award is
transferred in accordance with the terms of the Award Agreement. Notwithstanding
the foregoing provisions of this Section 1.15, to ensure that the requirements
of the fourth sentence of Section 3.1 are satisfied, the Board of Directors may
from time to time specify individuals who shall not be eligible for the grant of
Awards or equity securities under any plan of the Corporation or its Affiliates.
Nevertheless, the Board of Directors may at any time determine that an
individual who has been so excluded from eligibility shall become eligible for
grants of Awards and grants of such other equity securities under any plans of
the Corporation or its Affiliates so long as that eligibility will not impair
the Plan's satisfaction of the conditions of Rule 16b-3.

"Employee" means any employee of the Corporation or of any of its Subsidiaries,
including officers and directors of the Corporation who are also employees of
the Corporation or of any of its Subsidiaries.

"Exchange Act" means the Securities Exchange Act of 1934 and the rules and
regulations promulgated thereunder, or any successor law, as it may be amended
from time to time.

"Exercise Notice" has the meaning given it in Section 5.5.

"Exercise Price" has the meaning given it in Section 5.4.

"Fair Market Value" means, for a particular day:

IF SHARES OF STOCK OF THE SAME CLASS ARE LISTED OR ADMITTED TO UNLISTED TRADING
PRIVILEGES ON ANY NATIONAL OR REGIONAL SECURITIES EXCHANGE AT THE DATE OF
DETERMINING THE FAIR MARKET VALUE, THEN THE LAST REPORTED SALE PRICE, REGULAR
WAY, ON THE COMPOSITE TAPE OF THAT EXCHANGE ON THE LAST BUSINESS DAY BEFORE THE
DATE IN QUESTION OR, IF NO SUCH SALE TAKES PLACE ON THAT BUSINESS 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 UNLISTED TRADING PRIVILEGES ON THAT
SECURITIES EXCHANGE; OR

IF SHARES OF STOCK OF THE SAME CLASS ARE NOT LISTED OR ADMITTED TO UNLISTED
TRADING PRIVILEGES AS PROVIDED IN SECTION 1.20(A) AND SALES PRICES FOR SHARES OF
STOCK OF THE SAME CLASS IN THE OVER-THE-COUNTER MARKET ARE REPORTED BY THE
NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. AUTOMATED QUOTATIONS, INC.
("NASDAQ") NATIONAL MARKET SYSTEM (OR SUCH OTHER SYSTEM THEN IN USE) AT THE DATE
OF DETERMINING THE FAIR MARKET VALUE, THEN THE LAST REPORTED SALES PRICE SO
REPORTED ON THE LAST BUSINESS DAY BEFORE THE DATE IN QUESTION OR, IF NO SUCH
SALE TAKES PLACE ON THAT BUSINESS DAY, THE AVERAGE OF THE HIGH BID AND LOW ASKED
PRICES SO REPORTED; OR

IF SHARES OF STOCK OF THE SAME CLASS ARE NOT LISTED OR ADMITTED TO UNLISTED
TRADING PRIVILEGES AS PROVIDED IN SECTION 1.20(A) AND SALES PRICES FOR SHARES OF
STOCK OF THE SAME CLASS ARE NOT REPORTED BY THE NASDAQ NATIONAL MARKET SYSTEM
(OR A SIMILAR SYSTEM THEN IN USE) AS PROVIDED IN SECTION 1.20(B), AND IF BID AND
ASKED PRICES FOR SHARES OF STOCK OF THE SAME CLASS IN THE OVER-THE-COUNTER
MARKET ARE REPORTED BY NASDAQ (OR, IF NOT SO REPORTED, BY THE NATIONAL QUOTATION
BUREAU INCORPORATED) AT THE DATE OF DETERMINING THE FAIR MARKET VALUE, THEN THE
AVERAGE OF THE HIGH BID AND LOW ASKED PRICES ON THE LAST BUSINESS DAY BEFORE THE
DATE IN QUESTION; OR

                                       111

<PAGE>

IF SHARES OF STOCK OF THE SAME CLASS ARE NOT LISTED OR ADMITTED TO UNLISTED
TRADING PRIVILEGES AS PROVIDED IN SECTION 1.20(A) AND SALES PRICES OR BID AND
ASKED PRICES THEREFOR ARE NOT REPORTED BY NASDAQ (OR THE NATIONAL QUOTATION
BUREAU INCORPORATED) AS PROVIDED IN SECTION 1.20(B) OR SECTION 1.20(C) AT THE
DATE OF DETERMINING THE FAIR MARKET VALUE, THEN THE VALUE DETERMINED IN GOOD
FAITH BY THE COMMITTEE, WHICH DETERMINATION SHALL BE CONCLUSIVE FOR ALL
PURPOSES; OR

IF SHARES OF STOCK OF THE SAME CLASS ARE LISTED OR ADMITTED TO UNLISTED TRADING
PRIVILEGES AS PROVIDED IN SECTION 1.20(A) OR SALES PRICES OR BID AND ASKED
PRICES THEREFOR ARE REPORTED BY NASDAQ (OR THE NATIONAL QUOTATION BUREAU
INCORPORATED) AS PROVIDED IN SECTION 1.20(B) OR SECTION 1.20(C) AT THE DATE OF
DETERMINING THE FAIR MARKET VALUE, BUT THE VOLUME OF TRADING IS SO LOW THAT THE
BOARD OF DIRECTORS DETERMINES IN GOOD FAITH THAT SUCH PRICES ARE NOT INDICATIVE
OF THE FAIR VALUE OF THE STOCK, THEN THE VALUE DETERMINED IN GOOD FAITH BY THE
COMMITTEE, WHICH DETERMINATION SHALL BE CONCLUSIVE FOR ALL PURPOSES
NOTWITHSTANDING THE PROVISIONS OF SECTIONS 1.20(A), (B), OR (C).

     For purposes of valuing Incentive Options, the Fair Market Value of Stock
shall be determined without regard to any restriction other than one that, by
its terms, will never lapse. For purposes of the redemption provided for in
Section 9.3(d)(v), Fair Market Value shall have the meaning and shall be
determined as set forth above; provided, however, that the Committee, with
respect to any such redemption, shall have the right to determine that the Fair
Market Value for purposes of the redemption should be an amount measured by the
value of the shares of Stock, other securities, cash, or property otherwise
being received by holders of shares of Stock in connection with the
Restructuring and upon that determination the Committee shall have the power and
authority to determine Fair Market Value for purposes of the redemption based
upon the value of such shares of stock, other securities, cash, or property. Any
such determination by the Committee, as evidenced by a resolution of the
Committee, shall be conclusive for all purposes.

"Fiscal Year" means the fiscal year of the Corporation ending on September 30 of
each year.

"Holder" means an Eligible Individual to whom an outstanding Award has been
granted, or, pursuant to the terms of the Award Agreement, the permitted
transferee of a Holder.

"Incumbent Board" means the individuals who, as of the Effective Date,
constitute the Board of Directors and any other individual who becomes a
director of the Corporation after that date and whose election or appointment by
the Board of Directors or nomination for election by the Corporation's
shareholders was approved by a vote of at least a majority of the directors then
comprising the Incumbent Board.

"Incentive Option" means an incentive stock option as defined under Section 422
of the Code and regulations thereunder.

"Key Employee" means any Employee whom the Committee identifies as having a
direct and significant effect on the performance of the Corporation or any of
its Subsidiaries.

"Non-Employee Director" means a director of the Corporation who while a director
is not an Employee.

"Nonstatutory Option" means a stock option that does not satisfy the
requirements of Section 422 of the Code or that is designated at the Date of
Grant or in the applicable Award Agreement to be an option other than an
Incentive Option.

"Non-Surviving Event" means an event of Restructuring as described in either
Section 1.35(b) or Section 1.35(c).

"Normal Retirement" means the separation of the Holder from employment with the
Corporation and its Subsidiaries with the right to receive an immediate benefit
under a retirement plan approved by the

                                       112

<PAGE>

Corporation. If no such plan exists, Normal Retirement shall mean separation of
the Holder from employment with the Corporation and its Subsidiaries at age 62
or later.

"Option" means either an Incentive Option or a Nonstatutory Option, or both.

"Person" means any person or entity of any nature whatsoever, specifically
including (but not limited to) an individual, a firm, a company, a corporation,
a partnership, a trust, or other entity. A Person, together with that Person's
affiliates and associates (as "affiliate" and "associate" are defined in Rule
12b-2 under the Exchange Act for purposes of this definition only), and any
Persons acting as a partnership, limited partnership, joint venture,
association, syndicate, or other group (whether or not formally organized), or
otherwise acting jointly or in concert or in a coordinated or consciously
parallel manner (whether or not pursuant to any express agreement), for the
purpose of acquiring, holding, voting, or disposing of securities of the
Corporation with that Person, shall be deemed a single "Person."

"Plan" means the Corporation's 2006 Incentive Plan, as it may be amended or
restated from time to time.

"Restricted Stock" means Stock that is nontransferable or subject to substantial
risk of forfeiture until specific conditions are met.

"Restricted Stock Award" means the grant or purchase, on the terms and
conditions of Section 7 or that the Committee otherwise determines, of
Restricted Stock.

"Restructuring" means the occurrence of any one or more of the following:

THE MERGER OR CONSOLIDATION OF THE CORPORATION WITH ANY PERSON, WHETHER EFFECTED
AS A SINGLE TRANSACTION OR A SERIES OF RELATED TRANSACTIONS, WITH THE
CORPORATION REMAINING THE CONTINUING OR SURVIVING ENTITY OF THAT MERGER OR
CONSOLIDATION AND THE STOCK REMAINING OUTSTANDING AND NOT CHANGED INTO OR
EXCHANGED FOR STOCK OR OTHER SECURITIES OF ANY OTHER PERSON OR OF THE
CORPORATION, CASH, OR OTHER PROPERTY;

THE MERGER OR CONSOLIDATION OF THE CORPORATION WITH ANY PERSON, WHETHER EFFECTED
AS A SINGLE TRANSACTION OR A SERIES OF RELATED TRANSACTIONS, WITH (I) THE
CORPORATION NOT BEING THE CONTINUING OR SURVIVING ENTITY OF THAT MERGER OR
CONSOLIDATION OR (II) THE CORPORATION REMAINING THE CONTINUING OR SURVIVING
ENTITY OF THAT MERGER OR CONSOLIDATION BUT ALL OR A PART OF THE OUTSTANDING
SHARES OF STOCK ARE CHANGED INTO OR EXCHANGED FOR STOCK OR OTHER SECURITIES OF
ANY OTHER PERSON OR THE CORPORATION, CASH, OR OTHER PROPERTY; OR

THE TRANSFER, DIRECTLY OR INDIRECTLY, OF ALL OR SUBSTANTIALLY ALL OF THE ASSETS
OF THE CORPORATION (WHETHER BY SALE, MERGER, CONSOLIDATION, LIQUIDATION, OR
OTHERWISE) TO ANY PERSON, WHETHER EFFECTED AS A SINGLE TRANSACTION OR A SERIES
OF RELATED TRANSACTIONS.

"Rule 16b-3" means Rule 16b-3 under Section 16(b) of the Exchange Act as in
effect on the Effective Date, or any successor rule, as it may be amended from
time to time.

"Securities Act" means the Securities Act of 1933 and the rules and regulations
promulgated thereunder, or any successor law, as it may be amended from time to
time.

"Stock" means the Class A Non-voting common stock, $0.01 par value per share, of
the Corporation, or any other securities that are substituted for the Stock as
provided in Section 9.

"Stock Appreciation Right" means the right to receive an amount equal to the
excess of the Fair Market Value of a share of Stock (as determined on the date
of exercise) over, as appropriate, the Exercise Price of a related Option or the
Fair Market Value of the Stock on the Date of Grant of the Stock Appreciation
Right.

                                       113

<PAGE>

"Subsidiary" means, with respect to any Person, any corporation, or other entity
of which a majority of the Voting Securities is owned, directly or indirectly,
by that Person.

"Total Shares" has the meaning given it in Section 9.2.

"Voting Securities" means the Class B Voting common stock, $0.01 par value per
share, of the Corporation, together with any other securities that are entitled
to vote generally in the election of directors, in the admission of general
partners or in the selection of any other similar governing body.

SHARES OF STOCK SUBJECT TO THE PLAN

Maximum Number of Shares. Subject to the provisions of Section 2.2 and Section
9, the aggregate number of shares of Stock that may be issued or transferred
pursuant to Awards under the Plan shall be 750,000.

Limit per Eligible Individual. Subject to the provisions of Section 9, no
Eligible Individual may be granted Awards during any one fiscal year of more
than 350,000 shares of Common Stock.

Limitation of Shares. For purposes of the limitations specified in Section 2.1,
the following principles shall apply:

THE FOLLOWING SHALL COUNT AGAINST AND DECREASE THE NUMBER OF SHARES OF STOCK
THAT MAY BE ISSUED FOR PURPOSES OF SECTION 2.1: (I) SHARES OF STOCK SUBJECT TO
OUTSTANDING OPTIONS, OUTSTANDING SHARES OF RESTRICTED STOCK, AND SHARES SUBJECT
TO OUTSTANDING STOCK APPRECIATION RIGHTS GRANTED INDEPENDENT OF OPTIONS (BASED
ON A GOOD FAITH ESTIMATE BY THE CORPORATION OR THE COMMITTEE OF THE MAXIMUM
NUMBER OF SHARES FOR WHICH THE STOCK APPRECIATION RIGHT MAY BE SETTLED (ASSUMING
PAYMENT IN FULL IN SHARES OF STOCK)), AND (II) IN THE CASE OF OPTIONS GRANTED IN
TANDEM WITH STOCK APPRECIATION RIGHTS, THE GREATER OF THE NUMBER OF SHARES OF
STOCK THAT WOULD BE COUNTED IF ONE OR THE OTHER ALONE WAS OUTSTANDING
(DETERMINED AS DESCRIBED IN CLAUSE (I) ABOVE);

THE FOLLOWING SHALL BE ADDED BACK TO THE NUMBER OF SHARES OF STOCK THAT MAY BE
ISSUED FOR PURPOSES OF SECTION 2.1: (I) SHARES OF STOCK WITH RESPECT TO WHICH
OPTIONS, STOCK APPRECIATION RIGHTS GRANTED INDEPENDENT OF OPTIONS, OR RESTRICTED
STOCK AWARDS EXPIRE, ARE CANCELLED, OR OTHERWISE TERMINATE WITHOUT BEING
EXERCISED, CONVERTED, OR VESTED, AS APPLICABLE, AND (II) IN THE CASE OF OPTIONS
GRANTED IN TANDEM WITH STOCK APPRECIATION RIGHTS, SHARES OF STOCK AS TO WHICH AN
OPTION HAS BEEN SURRENDERED IN CONNECTION WITH THE EXERCISE OF A RELATED
("TANDEM") STOCK APPRECIATION RIGHT, TO THE EXTENT THE NUMBER SURRENDERED
EXCEEDS THE NUMBER ISSUED UPON EXERCISE OF THE STOCK APPRECIATION RIGHT;
PROVIDED THAT, IN ANY CASE, THE HOLDER OF SUCH AWARDS DID NOT RECEIVE ANY
DIVIDENDS OR OTHER BENEFITS OF OWNERSHIP WITH RESPECT TO THE UNDERLYING SHARES
BEING ADDED BACK, OTHER THAN VOTING RIGHTS AND THE ACCUMULATION (BUT NOT
PAYMENT) OF DIVIDENDS OF STOCK;

SHARES OF STOCK SUBJECT TO STOCK APPRECIATION RIGHTS GRANTED INDEPENDENT OF
OPTIONS (CALCULATED AS PROVIDED IN CLAUSE (A) ABOVE) THAT ARE EXERCISED AND PAID
IN CASH SHALL BE ADDED BACK TO THE NUMBER OF SHARES OF STOCK THAT MAY BE ISSUED
FOR PURPOSES OF SECTION 2.1, PROVIDED THAT THE HOLDER OF SUCH STOCK APPRECIATION
RIGHT DID NOT RECEIVE ANY DIVIDENDS OR OTHER BENEFITS OF OWNERSHIP, OTHER THAN
VOTING RIGHTS AND THE ACCUMULATION (BUT NOT PAYMENT) OF DIVIDENDS, OF THE SHARES
OF STOCK SUBJECT TO THE STOCK APPRECIATION RIGHT;

SHARES OF STOCK THAT ARE TRANSFERRED BY A HOLDER OF AN AWARD (OR WITHHELD BY THE
CORPORATION) AS FULL OR PARTIAL PAYMENT TO THE CORPORATION OF THE PURCHASE PRICE
OF SHARES OF STOCK SUBJECT TO AN OPTION OR THE CORPORATION'S OR ANY SUBSIDIARY'S
TAX WITHHOLDING OBLIGATIONS SHALL NOT BE ADDED BACK TO THE NUMBER OF SHARES OF
STOCK THAT MAY BE ISSUED FOR PURPOSES OF SECTION 2.1 AND SHALL NOT AGAIN BE
SUBJECT TO AWARDS; AND

                                       114

<PAGE>

IF THE NUMBER OF SHARES OF STOCK COUNTED AGAINST THE NUMBER OF SHARES THAT MAY
BE ISSUED FOR PURPOSES OF SECTION 2.1 IS BASED UPON AN ESTIMATE MADE BY THE
CORPORATION OR THE COMMITTEE AS PROVIDED IN CLAUSE (A) ABOVE AND THE ACTUAL
NUMBER OF SHARES OF STOCK ISSUED PURSUANT TO THE APPLICABLE AWARD IS GREATER OR
LESS THAN THE ESTIMATED NUMBER, THEN, UPON SUCH ISSUANCE, THE NUMBER OF SHARES
OF STOCK THAT MAY BE ISSUED PURSUANT TO SECTION 2.1 SHALL BE FURTHER REDUCED BY
THE EXCESS ISSUANCE OR INCREASED BY THE SHORTFALL, AS APPLICABLE.

     Notwithstanding the provisions of this Section 2.2, no Stock shall be
treated as issuable under the Plan to Eligible Individuals subject to Section 16
of the Exchange Act unless such issuance is exempt from Section 16(b) of the
Exchange Act pursuant to Rule 16b-3 or other applicable rules.

Description of Shares. The shares to be delivered under the Plan shall be made
available from (a) authorized but unissued shares of Stock, (b) Stock held in
the treasury of the Corporation, or (c) previously issued shares of Stock
reacquired by the Corporation, including shares purchased on the open market, in
each situation as the Board of Directors or the Committee may determine from
time to time at its sole option.

Registration and Listing of Shares. From time to time, the Board of Directors
and appropriate officers of the Corporation shall and are authorized to take
whatever actions are necessary to file required documents with governmental
authorities, stock exchanges, and other appropriate Persons to make shares of
Stock available for issuance pursuant to the exercise of Awards.

ADMINISTRATION OF THE PLAN

Committee. The Committee shall administer the Plan with respect to all Eligible
Individuals who are subject to Section 16(b) of the Exchange Act (other than
members of the Committee), but shall not have the power to appoint members of
the Committee or to terminate, modify, or amend the Plan. The full Board of
Directors shall administer the Plan with respect to all members of the
Committee. Except for references in Sections 3.1, 3.2 and 3.3, and unless the
context otherwise requires, references herein to the Committee shall also refer
to the Board of Directors as administrator of the Plan for members of the
Committee. The Committee shall be constituted so that, as long as Stock is
registered under Section 12 of the Exchange Act, each member of the Committee
shall be a Non-Employee Director and so that the Plan in all other applicable
respects will qualify transactions related to the Plan for the exemptions from
Section 16(b) of the Exchange Act provided by Rule 16b-3, to the extent
exemptions thereunder may be available. The number of Persons that shall
constitute the Committee shall be determined from time to time by a majority of
all the members of the Board of Directors and, unless that majority of the Board
of Directors determines otherwise or Rule 16b-3 is amended to require otherwise,
the Committee shall be composed solely of two or more Non-Employee Directors (as
defined in Rule 16b-3). The Board of Directors may designate the Compensation
Committee of the Board of Directors to serve as the Committee hereunder. To the
extent that Rule 16b-3 promulgated under the Exchange Act requires a system of
administration that is different from this Section 3.1, this Section 3.1 shall
automatically be deemed amended to the extent necessary to cause it to be in
compliance with Rule 16b-3.

Duration, Removal, Etc. The members of the Committee shall serve at the
discretion of the Board of Directors, which shall have the power, at any time
and from time to time, to remove members from or add members to the Committee.
Removal from the Committee may be with or without cause. Any individual serving
as a member of the Committee shall have the right to resign from membership in
the Committee by at least three days' written notice to the Board of Directors.
The Board of Directors, and not the remaining members of the Committee, shall
have the power and authority to fill all vacancies on the Committee. The Board
of Directors shall promptly fill any vacancy that causes the number of members
of the Committee to be below two or any other number that Rule 16b-3 may require
from time to time.

Meetings and Actions of Committee. The Board of Directors shall designate which
Committee member shall be the chairman of the Committee. If the Board of
Directors fails to designate a Committee chairman, the members of the Committee
shall elect one of the Committee members as chairman, who

                                       115

<PAGE>

shall act as chairman until he ceases to be a member of the Committee or until
the Board of Directors elects a new chairman. The Committee shall hold its
meetings at those times and places as the chairman of the Committee may
determine. At all meetings of the Committee, a quorum for the transaction of
business shall be required and a quorum shall be deemed present if at least a
majority of the members of the Committee are present. At any meeting of the
Committee, each member shall have one vote. All decisions and determinations of
the Committee shall be made by the majority vote or majority decision of all of
its members present at a meeting at which a quorum is present; provided,
however, that any decision or determination reduced to writing and signed by all
of the members of the Committee shall be as fully effective as if it had been
made at a meeting that was duly called and held. The Committee may make any
rules and regulations for the conduct of its business that are not inconsistent
with the provisions of the Plan, the Articles or Certificate of Incorporation of
the Corporation, the bylaws of the Corporation, and Rule 16b-3 so long as it is
applicable, as the Committee may deem advisable.

Committee's Powers. Subject to the express provisions of the Plan and Rule
16b-3, the Committee shall have the authority, in its sole and absolute
discretion, to (a) adopt, amend, and rescind administrative and interpretive
rules and regulations relating to the Plan; (b) determine the Eligible
Individuals to whom, and the time or times at which, Awards shall be granted;
(c) determine the amount of cash and the number of shares of Stock, Stock
Appreciation Rights, or Restricted Stock Awards, or any combination thereof,
that shall be the subject of each Award; (d) determine the terms and provisions
of each Award Agreement (which need not be identical), including provisions
defining or otherwise relating to (i) the term and the period or periods and
extent of exercisability of the Options, (ii) the extent to which the
transferability of shares of Stock issued or transferred pursuant to any Award
is restricted, (iii) the effect of termination of employment of the Holder on
the Award, and (iv) the effect of approved leaves of absence (consistent with
any applicable regulations of the Internal Revenue Service); (e) accelerate,
pursuant to Section 9, the time of exercisability of any Option that has been
granted; (f) construe the respective Award Agreements and the Plan; (g) make
determinations of the Fair Market Value of the Stock pursuant to the Plan; (h)
delegate its duties under the Plan to such agents as it may appoint from time to
time, provided that the Committee may not delegate its duties with respect to
making Awards to, or otherwise with respect to Awards granted to, Eligible
Individuals who are subject to Section 16(b) of the Exchange Act; and (i) make
all other determinations, perform all other acts, and exercise all other powers
and authority necessary or advisable for administering the Plan, including the
delegation of those ministerial acts and responsibilities as the Committee deems
appropriate. Subject to Rule 16b-3, the Committee may correct any defect, supply
any omission, or reconcile any inconsistency in the Plan, in any Award, or in
any Award Agreement in the manner and to the extent it deems necessary or
desirable to carry the Plan into effect, and the Committee shall be the sole and
final judge of that necessity or desirability. The determinations of the
Committee on the matters referred to in this Section 3.4 shall be final and
conclusive.

ELIGIBILITY AND PARTICIPATION

Eligible Individuals. Awards may be granted pursuant to the Plan only to Persons
who are Eligible Individuals at the time of the grant thereof.

Grant of Awards. Subject to the express provisions of the Plan, the Committee
shall determine which Eligible Individuals shall be granted Awards from time to
time. In making grants, the Committee shall take into consideration the
contribution the potential Holder has made or may make to the success of the
Corporation or its Subsidiaries and such other considerations as the Board of
Directors may from time to time specify. The Committee shall also determine the
number of shares subject to each of the Awards and shall authorize and cause the
Corporation to grant Awards in accordance with those determinations.

Date of Grant. The date on which the Committee completes all action resolving to
offer an Award to an individual, including the specification of the number of
shares of Stock to be subject to the Award, shall be the date on which the Award
covered by an Award Agreement is granted (the "Date of Grant"), even though
certain terms of the Award Agreement may not be determined at that time and even
though the Award Agreement may not be executed until a later time. In no event
shall a Holder gain any rights in

                                       116

<PAGE>

addition to those specified by the Committee in its grant, regardless of the
time that may pass between the grant of the Award and the actual execution of
the Award Agreement by the Corporation and the Holder.

Award Agreements. Each Award granted under the Plan shall be evidenced by an
Award Agreement that is executed by the Corporation and the Eligible Individual
to whom the Award is granted and incorporating those terms that the Committee
shall deem necessary or desirable. More than one Award may be granted under the
Plan to the same Eligible Individual and be outstanding concurrently. In the
event an Eligible Individual is granted both one or more Incentive Options and
one or more Nonstatutory Options, those grants shall be evidenced by separate
Award Agreements, one for each of the Incentive Option grants and one for each
of the Nonstatutory Option grants.

Limitation for Incentive Options. Notwithstanding any provision contained herein
to the contrary, (a) a Person shall not be eligible to receive an Incentive
Option unless he is an Employee of the Corporation or a corporate Subsidiary or,
to the extent permitted by law, a partnership Subsidiary, and (b) a Person shall
not be eligible to receive an Incentive Option if, immediately before the time
the Option is granted, that Person owns (within the meaning of Sections 422 and
424(d) of the Code) stock possessing more than ten percent of the total combined
voting power or value of all classes of outstanding stock of the Corporation or
a Subsidiary. Nevertheless, Section 4.5(b) shall not apply if, at the time the
Incentive Option is granted, the Exercise Price of the Incentive Option is at
least one hundred ten percent of Fair Market Value and the Incentive Option is
not, by its terms, exercisable after the expiration of five years from the Date
of Grant.

No Right to Award. The adoption of the Plan shall not be deemed to give any
Person a right to be granted an Award.

TERMS AND CONDITIONS OF OPTIONS

     All Options granted under the Plan shall comply with, and the related Award
Agreements shall be deemed to include and be subject to, the terms and
conditions set forth in this Section 5 (to the extent each term and condition
applies to the form of Option) and also to the terms and conditions set forth in
Sections 9 and 10; provided, however, that the Committee may authorize an Award
Agreement that expressly contains terms and provisions that differ from the
terms and provisions set forth in Sections 9.2, 9.3, and 9.4 and any of the
terms and provisions of Section 10 (other than Sections 10.9 and 10.10).

Number of Shares. Each Award Agreement shall state the total number of shares of
Stock to which it relates.

Vesting. Each Award Agreement shall state the time or periods in which, or the
conditions upon satisfaction of which, the right to exercise the Option or a
portion thereof shall vest and the number of shares of Stock for which the right
to exercise the Option shall vest at each such time, period, or fulfillment of
condition.

Expiration of Options. No Option shall be exercised after the expiration of a
period of ten years commencing on the Date of Grant of the Option; provided,
however, that any portion of a Nonstatutory Option that pursuant to the terms of
the Award Agreement under which such Nonstatutory Option is granted shall not
become exercisable until the date which is the tenth anniversary of the Date of
Grant of such Nonstatutory Option may be exercisable for a period of 30 days
following the date on which such portion becomes exercisable.

Exercise Price. Each Award Agreement shall state the exercise price per share of
Stock (the "Exercise Price"); provided, however, that the exercise price per
share of Stock subject to an Incentive Option shall not be less than the greater
of (a) the par value per share of the Stock or (b) 100% of the Fair Market Value
per share of the Stock on the Date of Grant of the Option.

                                       117

<PAGE>

Method of Exercise. The Option shall be exercisable only by written notice of
exercise (the "Exercise Notice") delivered to the Corporation during the term of
the Option, which notice shall (a) state the number of shares of Stock with
respect to which the Option is being exercised, (b) be signed by the Holder of
the Option or, if the Holder is dead or becomes affected by a Disability, by the
Person authorized to exercise the Option pursuant to Sections 10.3 and 10.4, (c)
be accompanied by the Exercise Price for all shares of Stock for which the
Option is being exercised, and (d) include such other information, instruments,
and documents as may be required to satisfy any other condition to exercise
contained in the Award Agreement. The Option shall not be deemed to have been
exercised unless all of the requirements of the preceding provisions of this
Section 5.5 have been satisfied.

Incentive Option Exercises. Except as otherwise provided in the Award Agreement,
during the Holder's lifetime, only the Holder may exercise an Incentive Option.

Medium and Time of Payment. The Exercise Price of an Option shall be payable in
full upon the exercise of the Option (a) in cash or by an equivalent means
acceptable to the Committee, (b) on the Committee's prior consent, with shares
of Stock owned by the Holder (including Stock to be issued upon exercise of the
Option, or restricted shares of Stock already held by the Holder) and having a
Fair Market Value at least equal to the aggregate Exercise Price payable in
connection with such exercise, or (c) by any combination of clauses (a) and (b).
If the Committee elects to accept shares of Stock in payment of all or any
portion of the Exercise Price, then (for purposes of payment of the Exercise
Price) those shares of Stock shall be deemed to have a cash value equal to their
aggregate Fair Market Value determined as of the date the certificate for such
shares is delivered to the Corporation. If the Committee elects to accept shares
of restricted Stock in payment of all or any portion of the Exercise Price, then
an equal number of shares issued pursuant to the exercise shall be restricted on
the same terms and for the restriction period remaining on the shares used for
payment.

Payment with Sale Proceeds. In addition, at the request of the Holder and to the
extent permitted by applicable law, the Committee may (but shall not be required
to) approve arrangements with a brokerage firm under which that brokerage firm,
on behalf of the Holder, shall pay to the Corporation the Exercise Price of the
Option being exercised and the Corporation shall promptly deliver the exercised
shares of Stock to the brokerage firm. To accomplish this transaction, the
Holder must deliver to the Corporation an Exercise Notice containing irrevocable
instructions from the Holder to the Corporation to deliver the Stock
certificates representing the shares of Stock directly to the broker. Upon
receiving a copy of the Exercise Notice acknowledged by the Corporation, the
broker shall sell that number of shares of Stock or loan the Holder an amount
sufficient to pay the Exercise Price and any withholding obligations due. The
broker then shall deliver to the Corporation that portion of the sale or loan
proceeds necessary to cover the Exercise Price and any withholding obligations
due. The Committee shall not approve any transaction of this nature if the
Committee believes that the transaction would give rise to the Holder's
liability for short-swing profits under Section 16(b) of the Exchange Act.

Payment of Taxes. The Committee may, in its discretion, require a Holder to pay
to the Corporation (or the Corporation's Subsidiary if the Holder is an employee
of a Subsidiary of the Corporation), at the time of the exercise of an Option or
thereafter, the amount that the Committee deems necessary to satisfy the
Corporation's or its Subsidiary's current or future obligation to withhold
federal, state, or local income or other taxes that the Holder incurs by
exercising an Option. In connection with the exercise of an Option requiring tax
withholding, a Holder may (a) direct the Corporation to withhold from the shares
of Stock to be issued to the Holder the number of shares necessary to satisfy
the Corporation's obligation to withhold taxes, that determination to be based
on the shares' Fair Market Value as of the date of exercise; (b) deliver to the
Corporation sufficient shares of Stock (based upon the Fair Market Value as of
the date of such delivery) to satisfy the Corporation's tax withholding
obligations, which tax withholding obligation is based on the shares' Fair
Market Value as of the later of the date of exercise or the date as of which the
shares of Stock issued in connection with such exercise become includible in the
income of the Holder; or (c) deliver sufficient cash to the Corporation to
satisfy its tax withholding obligations. Holders who elect to use such a Stock
withholding feature must make the election at the time and in the manner that
the Committee prescribes. The Committee may, at its sole option, deny any
Holder's request to satisfy

                                       118

<PAGE>

withholding obligations through Stock instead of cash. In the event the
Committee subsequently determines that the aggregate Fair Market Value (as
determined above) of any shares of Stock withheld or delivered as payment of any
tax withholding obligation is insufficient to discharge that tax withholding
obligation, then the Holder shall pay to the Corporation, immediately upon the
Committee's request, the amount of that deficiency in the form of payment
requested by the Committee.

Limitation on Aggregate Value of Shares That May Become First Exercisable During
Any Calendar Year Under an Incentive Option. Except as is otherwise provided in
Section 9.3, with respect to any Incentive Option granted under this Plan, the
aggregate Fair Market Value of shares of Stock subject to an Incentive Option
and the aggregate Fair Market Value of shares of Stock or stock of any
Subsidiary (or a predecessor of the Corporation or a Subsidiary) subject to any
other incentive stock option (within the meaning of Section 422 of the Code) of
the Corporation or its Subsidiaries (or a predecessor corporation of any such
corporation) that first become purchasable by a Holder in any calendar year may
not (with respect to that Holder) exceed $100,000, or such other amount as may
be prescribed under Section 422 of the Code or applicable regulations or rulings
from time to time. As used in the previous sentence, Fair Market Value shall be
determined as of the Date of Grant of the Incentive Option. For purposes of this
Section 5.10, "predecessor corporation" means (a) a corporation that was a party
to a transaction described in Section 424(a) of the Code (or which would be so
described if a substitution or assumption under that Section had been effected)
with the Corporation, (b) a corporation which, at the time the new incentive
stock option (within the meaning of Section 422 of the Code) is granted, is a
Subsidiary of the Corporation or a predecessor corporation of any such
corporations, or (c) a predecessor corporation of any such corporations. Failure
to comply with this provision shall not impair the enforceability or
exercisability of any Option, but shall cause the excess amount of shares to be
reclassified in accordance with the Code.

No Fractional Shares. The Corporation shall not in any case be required to sell,
issue, or deliver a fractional share with respect to any Option. In lieu of the
issuance of any fractional share of Stock, the Corporation shall pay to the
Holder an amount in cash equal to the same fraction (as the fractional Stock) of
the Fair Market Value of a share of Stock determined as of the date of the
applicable Exercise Notice.

Modification, Extension, and Renewal of Options. Subject to the terms and
conditions of and within the limitations of the Plan, Rule 16b-3, and any
consent required by the last sentence of this Section 5.12, the Committee may
(a) modify, extend, or renew outstanding Options granted under the Plan, (b)
accept the surrender of Options outstanding hereunder (to the extent not
previously exercised) and authorize the granting of new Options in substitution
for outstanding Options (to the extent not previously exercised), and (c) amend
the terms of an Incentive Option at any time to include provisions that have the
effect of changing the Incentive Option to a Nonstatutory Option. Nevertheless,
without the consent of the Holder, the Committee may not modify any outstanding
Options so as to specify a higher or lower Exercise Price or accept the
surrender of outstanding Incentive Options and authorize the granting of new
Options in substitution therefor specifying a higher or lower Exercise Price. In
addition, no modification of an Option granted hereunder shall, without the
consent of the Holder, alter or impair any rights or obligations under any
Option theretofore granted to such Holder under the Plan except, with respect to
Incentive Options, as may be necessary to satisfy the requirements of Section
422 of the Code or as permitted in clause (c) of this Section 5.12.

Other Agreement Provisions. The Award Agreements relating to Options shall
contain such provisions in addition to those required by the Plan (including
without limitation restrictions or the removal of restrictions upon the exercise
of the Option and the retention or transfer of shares thereby acquired) as the
Committee may deem advisable. Each Award Agreement shall identify the Option
evidenced thereby as an Incentive Option or Nonstatutory Option, as the case may
be, and no Award Agreement shall cover both an Incentive Option and a
Nonstatutory Option. Each Award Agreement relating to an Incentive Option
granted hereunder shall contain such limitations and restrictions upon the
exercise of the Incentive Option to which it relates as shall be necessary for
the Incentive Option to which such Award Agreement relates to constitute an
incentive stock option, as defined in Section 422 of the Code.

                                       119

<PAGE>

STOCK APPRECIATION RIGHTS

     All Stock Appreciation Rights granted under the Plan shall comply with, and
the related Award Agreements shall be deemed to include and be subject to, the
terms and conditions set forth in this Section 6 (to the extent each term and
condition applies to the form of Stock Appreciation Right) and also the terms
and conditions set forth in Sections 9 and 10; provided, however, that the
Committee may authorize an Award Agreement related to a Stock Appreciation Right
that expressly contains terms and provisions that differ from the terms and
provisions set forth in Sections 9.2, 9.3, and 9.4 and any of the terms and
provisions of Section 10 (other than Sections 10.9 and 10.10).

Form of Right. A Stock Appreciation Right may be granted to an Eligible
Individual (a) in connection with an Option, either at the time of grant or at
any time during the term of the Option, or (b) independent of an Option.

Rights Related to Options. A Stock Appreciation Right granted pursuant to an
Option shall entitle the Holder, upon exercise, to surrender that Option or any
portion thereof, to the extent unexercised, and to receive payment of an amount
computed pursuant to Section 6.2(b). That Option shall then cease to be
exercisable to the extent surrendered. Stock Appreciation Rights granted in
connection with an Option shall be subject to the terms of the Award Agreement
governing the Option, which shall comply with the following provisions in
addition to those applicable to Options:

EXERCISE AND TRANSFER. SUBJECT TO SECTION 10.9, A STOCK APPRECIATION RIGHT
GRANTED IN CONNECTION WITH AN OPTION SHALL BE EXERCISABLE ONLY AT SUCH TIME OR
TIMES AND ONLY TO THE EXTENT THAT THE RELATED OPTION IS EXERCISABLE AND SHALL
NOT BE TRANSFERABLE EXCEPT TO THE EXTENT THAT THE RELATED OPTION IS
TRANSFERABLE.

VALUE OF RIGHT. UPON THE EXERCISE OF A STOCK APPRECIATION RIGHT RELATED TO AN
OPTION, THE HOLDER SHALL BE ENTITLED TO RECEIVE PAYMENT FROM THE CORPORATION OF
AN AMOUNT DETERMINED BY MULTIPLYING:

The difference obtained by subtracting the Exercise Price of a share of Stock
specified in the related Option from the Fair Market Value of a share of Stock
on the date of exercise of the Stock Appreciation Right, by

The number of shares as to which that Stock Appreciation Right has been
exercised.

Right Without Option. A Stock Appreciation Right granted independent of an
Option shall be exercisable as determined by the Committee and set forth in the
Award Agreement governing the Stock Appreciation Right, which Award Agreement
shall comply with the following provisions:

NUMBER OF SHARES. EACH AWARD AGREEMENT SHALL STATE THE TOTAL NUMBER OF SHARES OF
STOCK TO WHICH THE STOCK APPRECIATION RIGHT RELATES.

VESTING. EACH AWARD AGREEMENT SHALL STATE THE TIME OR PERIODS IN WHICH THE RIGHT
TO EXERCISE THE STOCK APPRECIATION RIGHT OR A PORTION THEREOF SHALL VEST AND THE
NUMBER OF SHARES OF STOCK FOR WHICH THE RIGHT TO EXERCISE THE STOCK APPRECIATION
RIGHT SHALL VEST AT EACH SUCH TIME OR PERIOD.

EXPIRATION OF RIGHTS. EACH AWARD AGREEMENT SHALL STATE THE DATE AT WHICH THE
STOCK APPRECIATION RIGHTS SHALL EXPIRE IF NOT PREVIOUSLY EXERCISED.

VALUE OF RIGHT. EACH STOCK APPRECIATION RIGHT SHALL ENTITLE THE HOLDER, UPON
EXERCISE THEREOF, TO RECEIVE PAYMENT OF AN AMOUNT DETERMINED BY MULTIPLYING:

The difference obtained by subtracting the Fair Market Value of a share of Stock
on the Date of Grant of the Stock Appreciation Right from the Fair Market Value
of a share of Stock on the date of exercise of that Stock Appreciation Right, by

                                       120

<PAGE>

The number of shares as to which the Stock Appreciation Right has been
exercised.

Limitations on Rights. Notwithstanding Sections 6.2(b) and 6.3(d), the Committee
may limit the amount payable upon exercise of a Stock Appreciation Right. Any
such limitation must be determined as of the Date of Grant and be noted on the
Award Agreement evidencing the Holder's Stock Appreciation Right.

Payment of Rights. Payment of the amount determined under Section 6.2(b) or
6.3(d) and Section 6.4 may be made, in the sole discretion of the Committee
unless specifically provided otherwise in the Award Agreement, solely in whole
shares of Stock valued at Fair Market Value on the date of exercise of the Stock
Appreciation Right, solely in cash, or in a combination of cash and whole shares
of Stock. If the Committee decides to make full payment in shares of Stock and
the amount payable results in a fractional share, payment for the fractional
share shall be made in cash.

Payment of Taxes. The Committee may, in its discretion, require a Holder to pay
to the Corporation (or the Corporation's Subsidiary if the Holder is an employee
of a Subsidiary of the Corporation), at the time of the exercise of a Stock
Appreciation Right or thereafter, the amount that the Committee deems necessary
to satisfy the Corporation's or its Subsidiary's current or future obligation to
withhold federal, state, or local income or other taxes that the Holder incurs
by exercising a Stock Appreciation Right. In connection with the exercise of a
Stock Appreciation Right requiring tax withholding, a Holder may (a) direct the
Corporation to withhold from the shares of Stock to be issued to the Holder the
number of shares necessary to satisfy the Corporation's obligation to withhold
taxes, that determination to be based on the shares' Fair Market Value as of the
date of exercise; (b) deliver to the Corporation sufficient shares of Stock
(based upon the Fair Market Value as of the date of such delivery) to satisfy
the Corporation's tax withholding obligations, which tax withholding obligation
is based on the shares' Fair Market Value as of the later of the date of
exercise or the date as of which the shares of Stock issued in connection with
such exercise become includible in the income of the Holder; or (c) deliver
sufficient cash to the Corporation to satisfy its tax withholding obligations.
Holders who elect to have Stock withheld pursuant to (a) or (b) above must make
the election at the time and in the manner that the Committee prescribes. The
Committee may, in its sole discretion, deny any Holder's request to satisfy
withholding obligations through Stock instead of cash. In the event the
Committee subsequently determines that the aggregate Fair Market Value (as
determined above) of any shares of Stock withheld or delivered as payment of any
tax withholding obligation is insufficient to discharge that tax withholding
obligation, then the Holder shall pay to the Corporation, immediately upon the
Committee's request, the amount of that deficiency in the form of payment
requested by the Commission.

Other Agreement Provisions. The Award Agreements relating to Stock Appreciation
Rights shall contain such provisions in addition to those required by the Plan
(including without limitation restrictions or the removal of restrictions upon
the exercise of the Stock Appreciation Right and the retention or transfer of
shares thereby acquired) as the Committee may deem advisable.

RESTRICTED STOCK AWARDS

     All Restricted Stock Awards granted under the Plan shall comply with and be
subject to, and the related Award Agreements shall be deemed to include, the
terms and conditions set forth in this Section 7 and also to the terms and
conditions set forth in Sections 9 and 10; provided, however, that the Committee
may authorize an Award Agreement related to a Restricted Stock Award that
expressly contains terms and provisions that differ from the terms and
provisions set forth in Sections 9.2, 9.3, and 9.4 and the terms and provisions
set forth in Section 10 (other than Sections 10.9 and 10.10).

Restrictions. All shares of Restricted Stock Awards granted or sold pursuant to
the Plan shall be subject to the following conditions:

TRANSFERABILITY. THE SHARES MAY NOT BE SOLD, TRANSFERRED, OR OTHERWISE ALIENATED
OR HYPOTHECATED UNTIL THE RESTRICTIONS ARE REMOVED OR EXPIRE.

                                       121

<PAGE>

CONDITIONS TO REMOVAL OF RESTRICTIONS. CONDITIONS TO REMOVAL OR EXPIRATION OF
THE RESTRICTIONS MAY INCLUDE, BUT ARE NOT REQUIRED TO BE LIMITED TO, CONTINUING
EMPLOYMENT OR SERVICE AS A DIRECTOR, OFFICER, OR KEY EMPLOYEE OR ACHIEVEMENT OF
PERFORMANCE OBJECTIVES DESCRIBED IN THE AWARD AGREEMENT.

LEGEND. EACH CERTIFICATE REPRESENTING RESTRICTED STOCK AWARDS GRANTED PURSUANT
TO THE PLAN SHALL BEAR A LEGEND MAKING APPROPRIATE REFERENCE TO THE RESTRICTIONS
IMPOSED.

POSSESSION. THE COMMITTEE MAY REQUIRE THE CORPORATION TO RETAIN PHYSICAL CUSTODY
OF THE CERTIFICATES REPRESENTING RESTRICTED STOCK AWARDS DURING THE RESTRICTION
PERIOD AND MAY REQUIRE THE HOLDER OF THE AWARD TO EXECUTE STOCK POWERS IN BLANK
FOR THOSE CERTIFICATES AND DELIVER THOSE STOCK POWERS TO THE CORPORATION, OR THE
COMMITTEE MAY REQUIRE THE HOLDER TO ENTER INTO AN ESCROW AGREEMENT PROVIDING
THAT THE CERTIFICATES REPRESENTING RESTRICTED STOCK AWARDS GRANTED OR SOLD
PURSUANT TO THE PLAN SHALL REMAIN IN THE PHYSICAL CUSTODY OF AN ESCROW HOLDER
UNTIL ALL RESTRICTIONS ARE REMOVED OR EXPIRE.

OTHER CONDITIONS. THE COMMITTEE MAY IMPOSE OTHER CONDITIONS ON ANY SHARES
GRANTED OR SOLD AS RESTRICTED STOCK AWARDS PURSUANT TO THE PLAN AS IT MAY DEEM
ADVISABLE, INCLUDING WITHOUT LIMITATION (I) RESTRICTIONS UNDER THE SECURITIES
ACT OR EXCHANGE ACT, (II) THE REQUIREMENTS OF ANY SECURITIES EXCHANGE UPON WHICH
THE SHARES OR SHARES OF THE SAME CLASS ARE THEN LISTED, AND (III) ANY STATE
SECURITIES LAW APPLICABLE TO THE SHARES.

Expiration of Restrictions. The restrictions imposed in Section 7.1 on
Restricted Stock Awards shall lapse as determined by the Committee and set forth
in the applicable Award Agreement, and the Corporation shall promptly deliver to
the Holder of the Restricted Stock Award a certificate representing the number
of shares for which restrictions have lapsed, free of any restrictive legend
relating to the lapsed restrictions. Each Restricted Stock Award may have a
different restriction period as determined by the Committee in its sole
discretion. The Committee may, in its discretion, prospectively reduce the
restriction period applicable to a particular Restricted Stock Award.

Rights as Shareholder. Subject to the provisions of Sections 7.1 and 10.10, the
Committee may, in its discretion, determine what rights, if any, the Holder
shall have with respect to the Restricted Stock Awards granted or sold,
including the right to vote the shares and receive all dividends and other
distributions paid or made with respect thereto.

Payment of Taxes. The Committee may, in its discretion, require a Holder to pay
to the Corporation (or the Corporation's Subsidiary if the Holder is an employee
of a Subsidiary of the Corporation) the amount that the Committee deems
necessary to satisfy the Corporation's or its Subsidiary's current or future
obligation to withhold federal, state, or local income or other taxes that the
Holder incurs by reason of the Restricted Stock Award. The Holder may (a) direct
the Corporation to withhold from the shares of Stock to be issued to the Holder
the number of shares necessary to satisfy the Corporation's obligation to
withhold taxes, that determination to be based on the shares' Fair Market Value
as of the date on which tax withholding is to be made; (b) deliver to the
Corporation sufficient shares of Stock (based upon the Fair Market Value as of
the date of such delivery) to satisfy the Corporation's tax withholding
obligations, which tax withholding obligation is based on the shares' Fair
Market Value as of the later of the date of issuance or the date as of which the
shares of Stock issued become includible in the income of the Holder; or (c)
deliver sufficient cash to the Corporation to satisfy its tax withholding
obligations. Holders who elect to have Stock withheld pursuant to (a) or (b)
above must make the election at the time and in the manner that the Committee
prescribes. The Committee may, in its sole discretion, deny any Holder's request
to satisfy withholding obligations through Stock instead of cash. In the event
the Committee subsequently determines that the aggregate Fair Market Value (as
determined above) of any shares of Stock withheld or delivered as payment of any
tax withholding obligation is insufficient to discharge that tax withholding
obligation, then the Holder shall pay to the Corporation, immediately upon the
Committee's request, the amount of that deficiency.

                                       122
<PAGE>

Performance Objectives.

UNLESS AND UNTIL THE COMMITTEE PROPOSES FOR SHAREHOLDER VOTE AND THE
SHAREHOLDERS APPROVE A CHANGE IN THE GENERAL PERFORMANCE OBJECTIVES SET FORTH IN
THIS SECTION 0, THE PERFORMANCE OBJECTIVES UPON WHICH THE PAYMENT OR VESTING OF
AN AWARD TO ELIGIBLE INDIVIDUALS THAT IS INTENDED TO QUALIFY AS
PERFORMANCE-BASED COMPENSATION UNDER SECTION 162(M) OF THE CODE SHALL BE LIMITED
TO THE FOLLOWING PERFORMANCE OBJECTIVES:

     -    Net earnings or net income (before or after taxes);

     -    Earnings per share;

     -    Net sales growth;

     -    Net operating profit;

     -    Return measures (including, but not limited to, return on assets,
          capital, equity, or sales);

     -    Cash flow (including, but not limited to, operating cash flow, free
          cash flow, and cash flow return on capital);

     -    Earnings before or after taxes, interest, depreciation, and/or
          amortization;

     -    Gross or operating margins;

     -    Productivity ratios;

     -    Share price (including, but not limited to, growth measures and total
          shareholder return);

     -    Expense targets;

     -    Margins; and

     -    Operating efficiency or efficiency ratios.

ANY PERFORMANCE OBJECTIVE(S) MAY BE USED TO MEASURE THE PERFORMANCE OF THE
CORPORATION, SUBSIDIARY, AND/OR AFFILIATE AS A WHOLE OR ANY BUSINESS UNIT OF THE
CORPORATION, SUBSIDIARY, AND/OR AFFILIATE OR ANY COMBINATION THEREOF, AS THE
COMMITTEE MAY DEEM APPROPRIATE, OR ANY OF THE ABOVE PERFORMANCE OBJECTIVES AS
COMPARED TO THE PERFORMANCE OF A GROUP OF COMPARATOR COMPANIES, OR PUBLISHED OR
SPECIAL INDEX THAT THE COMMITTEE, IN ITS SOLE DISCRETION, DEEMS APPROPRIATE, OR
THE CORPORATION MAY SELECT PERFORMANCE OBJECTIVE 0 ABOVE AS COMPARED TO
VARIOUS STOCK MARKET INDICES. THE COMMITTEE ALSO HAS THE AUTHORITY TO PROVIDE
FOR ACCELERATED VESTING OF ANY AWARD BASED ON THE ACHIEVEMENT OF PERFORMANCE
GOALS PURSUANT TO THE PERFORMANCE OBJECTIVES SPECIFIED IN THIS SECTION 0.

EVALUATION OF PERFORMANCE. THE COMMITTEE MAY PROVIDE IN ANY SUCH AWARD THAT ANY
EVALUATION OF PERFORMANCE MAY INCLUDE OR EXCLUDE ANY OF THE FOLLOWING EVENTS
THAT OCCURS DURING A PERFORMANCE PERIOD: (A) ASSET WRITE-DOWNS, (B) LITIGATION
OR CLAIM JUDGMENTS OR SETTLEMENTS, (C) THE EFFECT OF CHANGES IN TAX LAWS,
ACCOUNTING PRINCIPLES, OR OTHER LAWS OR PROVISIONS AFFECTING REPORTED RESULTS,
(D) ANY REORGANIZATION AND RESTRUCTURING PROGRAMS, (E) EXTRAORDINARY
NONRECURRING ITEMS AS DESCRIBED IN ACCOUNTING PRINCIPLES BOARD OPINION NO. 30
AND/OR IN MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
RESULTS OF OPERATIONS APPEARING IN THE CORPORATION'S ANNUAL REPORT TO
SHAREHOLDERS FOR THE APPLICABLE YEAR, (F) ACQUISITIONS OR DIVESTITURES, AND (G)
FOREIGN EXCHANGE GAINS AND LOSSES. TO THE EXTENT SUCH INCLUSIONS OR EXCLUSIONS
AFFECT AWARDS TO ELIGIBLE INDIVIDUALS, THEY SHALL BE PRESCRIBED IN A FORM THAT
MEETS THE REQUIREMENTS OF CODE SECTION 162(M) FOR DEDUCTIBILITY.

ADJUSTMENT OF PERFORMANCE-BASED COMPENSATION. AWARDS THAT ARE DESIGNED TO
QUALIFY AS PERFORMANCE-BASED COMPENSATION, AND THAT ARE HELD BY ELIGIBLE
INDIVIDUALS, MAY NOT BE ADJUSTED UPWARD. THE COMMITTEE SHALL RETAIN THE
DISCRETION TO ADJUST SUCH AWARDS DOWNWARD, EITHER ON A FORMULA OR DISCRETIONARY
BASIS OR ANY COMBINATION, AS THE COMMITTEE DETERMINES.

COMMITTEE DISCRETION. IN THE EVENT THAT APPLICABLE TAX AND/OR SECURITIES LAWS
CHANGE TO PERMIT COMMITTEE DISCRETION TO ALTER THE GOVERNING PERFORMANCE
OBJECTIVES WITHOUT OBTAINING SHAREHOLDER APPROVAL OF SUCH CHANGES, THE COMMITTEE
SHALL HAVE SOLE DISCRETION TO MAKE SUCH CHANGES WITHOUT OBTAINING SHAREHOLDER
APPROVAL. IN ADDITION, IN THE EVENT THAT THE COMMITTEE DETERMINES THAT IT IS
ADVISABLE TO GRANT AWARDS THAT SHALL NOT QUALIFY AS PERFORMANCE-BASED

                                       123

<PAGE>

COMPENSATION, THE COMMITTEE MAY MAKE SUCH GRANTS WITHOUT SATISFYING THE
REQUIREMENTS OF CODE SECTION 162(M) AND MAY BASE VESTING ON PERFORMANCE
OBJECTIVES OTHER THAN THOSE SET FORTH IN SECTION 0.

Other Agreement Provisions. The Award Agreements relating to Restricted Stock
Awards shall contain such provisions in addition to those required by the Plan
as the Committee may deem advisable.

AWARDS TO NON-EMPLOYEE DIRECTORS

Awards to Committee Members. The full Board of Directors shall determine the
number of Awards to be granted to members of the Committee, the Exercise Price
and the vesting schedule thereof.

Eligibility for Awards. Non-Employee Directors shall be eligible to receive any
Awards under the Plan other than an Award of an Incentive Option.

ADJUSTMENT PROVISIONS

Adjustment of Awards and Authorized Stock. The terms of an Award and the number
of shares of Stock authorized pursuant to Section 2.1 and Section 8 for issuance
under the Plan shall be subject to adjustment from time to time, in accordance
with the following provisions:

IF AT ANY TIME, OR FROM TIME TO TIME, THE CORPORATION SHALL SUBDIVIDE AS A WHOLE
(BY RECLASSIFICATION, BY A STOCK SPLIT, BY THE ISSUANCE OF A DISTRIBUTION ON
STOCK PAYABLE IN STOCK, OR OTHERWISE) THE NUMBER OF SHARES OF STOCK THEN
OUTSTANDING INTO A GREATER NUMBER OF SHARES OF STOCK, THEN (I) THE MAXIMUM
NUMBER OF SHARES OF STOCK AVAILABLE FOR THE PLAN AS PROVIDED IN SECTION 2.1
SHALL BE INCREASED PROPORTIONATELY, AND THE KIND OF SHARES OR OTHER SECURITIES
AVAILABLE FOR THE PLAN SHALL BE APPROPRIATELY ADJUSTED, (II) THE NUMBER OF
SHARES OF STOCK (OR OTHER KIND OF SHARES OR SECURITIES) THAT MAY BE ACQUIRED
UNDER ANY AWARD SHALL BE INCREASED PROPORTIONATELY, AND (III) THE PRICE
(INCLUDING EXERCISE PRICE) FOR EACH SHARE OF STOCK (OR OTHER KIND OF SHARES OR
SECURITIES) SUBJECT TO THEN OUTSTANDING AWARDS SHALL BE REDUCED PROPORTIONATELY,
WITHOUT CHANGING THE AGGREGATE PURCHASE PRICE OR VALUE AS TO WHICH OUTSTANDING
AWARDS REMAIN EXERCISABLE OR SUBJECT TO RESTRICTIONS.

IF AT ANY TIME, OR FROM TIME TO TIME, THE CORPORATION SHALL CONSOLIDATE AS A
WHOLE (BY RECLASSIFICATION, REVERSE STOCK SPLIT, OR OTHERWISE) THE NUMBER OF
SHARES OF STOCK THEN OUTSTANDING INTO A LESSER NUMBER OF SHARES OF STOCK, THEN
(I) THE MAXIMUM NUMBER OF SHARES OF STOCK AVAILABLE FOR THE PLAN AS PROVIDED IN
SECTION 2.1 SHALL BE DECREASED PROPORTIONATELY, AND THE KIND OF SHARES OR OTHER
SECURITIES AVAILABLE FOR THE PLAN SHALL BE APPROPRIATELY ADJUSTED, (II) THE
NUMBER OF SHARES OF STOCK (OR OTHER KIND OF SHARES OR SECURITIES) THAT MAY BE
ACQUIRED UNDER ANY AWARD SHALL BE DECREASED PROPORTIONATELY, AND (III) THE PRICE
(INCLUDING EXERCISE PRICE) FOR EACH SHARE OF STOCK (OR OTHER KIND OF SHARES OR
SECURITIES) SUBJECT TO THEN OUTSTANDING AWARDS SHALL BE INCREASED
PROPORTIONATELY, WITHOUT CHANGING THE AGGREGATE PURCHASE PRICE OR VALUE AS TO
WHICH OUTSTANDING AWARDS REMAIN EXERCISABLE OR SUBJECT TO RESTRICTIONS.

WHENEVER THE NUMBER OF SHARES OF STOCK SUBJECT TO OUTSTANDING AWARDS AND THE
PRICE FOR EACH SHARE OF STOCK SUBJECT TO OUTSTANDING AWARDS ARE REQUIRED TO BE
ADJUSTED AS PROVIDED IN THIS SECTION 9.1, THE COMMITTEE SHALL PROMPTLY PREPARE A
NOTICE SETTING FORTH, IN REASONABLE DETAIL, THE EVENT REQUIRING ADJUSTMENT, THE
AMOUNT OF THE ADJUSTMENT, THE METHOD BY WHICH SUCH ADJUSTMENT WAS CALCULATED,
AND THE CHANGE IN PRICE AND THE NUMBER OF SHARES OF STOCK, OTHER SECURITIES,
CASH, OR PROPERTY PURCHASABLE SUBJECT TO EACH AWARD AFTER GIVING EFFECT TO THE
ADJUSTMENTS. THE COMMITTEE SHALL PROMPTLY GIVE EACH HOLDER SUCH A NOTICE.

ADJUSTMENTS UNDER SECTIONS 9(A) AND (B) SHALL BE MADE BY THE COMMITTEE, AND ITS
DETERMINATION AS TO WHAT ADJUSTMENTS SHALL BE MADE AND THE EXTENT THEREOF SHALL
BE FINAL, BINDING, AND CONCLUSIVE. NO FRACTIONAL INTEREST SHALL BE ISSUED UNDER
THE PLAN ON ACCOUNT OF ANY SUCH ADJUSTMENTS.

                                       124

<PAGE>

Changes in Control. Any Award Agreement may provide that, upon the occurrence of
a Change in Control, one or more of the following apply: (a) each Holder of an
Option shall immediately be granted corresponding Stock Appreciation Rights; (b)
all outstanding Stock Appreciation Rights and Options shall immediately become
fully vested and exercisable in full, including that portion of any Stock
Appreciation Right or Option that pursuant to the terms and provisions of the
applicable Award Agreement had not yet become exercisable (the total number of
shares of Stock as to which a Stock Appreciation Right or Option is exercisable
upon the occurrence of a Change in Control is referred to herein as the "Total
Shares"); and (c) the restriction period of any Restricted Stock Award shall
immediately be accelerated and the restrictions shall expire. An Award Agreement
does not have to provide for any of the foregoing. If a Change in Control
involves a Restructuring or occurs in connection with a series of related
transactions involving a Restructuring and if such Restructuring is in the form
of a Non-Surviving Event and as a part of such Restructuring shares of stock,
other securities, cash, or property shall be issuable or deliverable in exchange
for Stock, then the Holder of an Award shall be entitled to purchase or receive
(in lieu of the Total Shares that the Holder would otherwise be entitled to
purchase or receive), as appropriate for the form of Award, the number of shares
of Stock, other securities, cash, or property to which that number of Total
Shares would have been entitled in connection with such Restructuring (and, for
Options, at an aggregate exercise price equal to the Exercise Price that would
have been payable if that number of Total Shares had been purchased on the
exercise of the Option immediately before the consummation of the
Restructuring). Nothing in this Section 9.2 shall impose on a Holder the
obligation to exercise any Award immediately before or upon the Change in
Control, or cause a Holder to forfeit the right to exercise the Award during the
remainder of the original term of the Award because of a Change in Control;
provided, however, in connection with any Non-Surviving Event, the relevant
merger agreement, purchase agreement or similar agreement pursuant to which such
transaction occurs may contain provisions by which all outstanding Awards may,
without the consent of the Holders thereof, be converted into the right to
receive, in cash, an amount that would fairly reflect the value of such Award
giving due consideration to (i) the Exercise Price of any Award in the form of
an Option or the value to be given by the Holder with respect to any other Award
and (ii) the consideration payable pursuant to the transaction with respect to a
share of outstanding Stock.

Restructuring Without Change in Control. In the event a Restructuring shall
occur at any time while there is any outstanding Award hereunder and the
Restructuring does not occur in connection with a Change in Control or a series
of related transactions involving a Change in Control, then:

NO OUTSTANDING OPTION OR STOCK APPRECIATION RIGHT SHALL IMMEDIATELY BECOME FULLY
VESTED AND EXERCISABLE IN FULL MERELY BECAUSE OF THE OCCURRENCE OF THE
RESTRUCTURING;

NO HOLDER OF AN OPTION SHALL AUTOMATICALLY BE GRANTED CORRESPONDING STOCK
APPRECIATION RIGHTS; THE RESTRICTION PERIOD OF ANY RESTRICTED STOCK AWARD SHALL
NOT IMMEDIATELY BE ACCELERATED AND THE RESTRICTIONS EXPIRE MERELY BECAUSE OF THE
OCCURRENCE OF THE RESTRUCTURING; AND

AT THE OPTION OF THE COMMITTEE, THE COMMITTEE MAY (BUT SHALL NOT BE REQUIRED TO)
CAUSE THE CORPORATION TO TAKE ANY ONE OR MORE OF THE FOLLOWING ACTIONS:

     -    accelerate in whole or in part the time of the vesting and
          exercisability of any one or more of the outstanding Stock
          Appreciation Rights and Options so as to provide that those Stock
          Appreciation Rights and Options shall be exercisable before, upon, or
          after the consummation of the Restructuring;

     -    grant each Holder of an Option corresponding Stock Appreciation
          Rights;

     -    accelerate in whole or in part the expiration of some or all of the
          restrictions on any Restricted Stock Award;

                                       125

<PAGE>

     -    if the Restructuring is in the form of a Non-Surviving Event, cause
          the surviving entity to assume in whole or in part any one or more of
          the outstanding Awards upon such terms and provisions as the Committee
          deems desirable; or

     -    redeem in whole or in part any one or more of the outstanding Awards
          (whether or not then exercisable) in consideration of a cash payment,
          as such payment may be reduced for tax withholding obligations as
          contemplated in Sections 5.9, 6.6, or 7.4, as applicable, in an amount
          equal to:

     -    for Options and Stock Appreciation Rights granted in connection with
          Options, the excess of (1) the Fair Market Value, determined as of the
          date immediately preceding the consummation of the Restructuring, of
          the aggregate number of shares of Stock subject to the Award and as to
          which the Award is being redeemed over (2) the Exercise Price for that
          number of shares of Stock;

     -    for Stock Appreciation Rights not granted in connection with an
          Option, the excess of (1) the Fair Market Value, determined as of the
          date immediately preceding the consummation of the Restructuring, of
          the aggregate number of shares of Stock subject to the Award and as to
          which the Award is being redeemed over (2) the Fair Market Value of
          that number of shares of Stock on the Date of Grant; and

     -    for Restricted Stock Awards, the Fair Market Value, determined as of
          the date immediately preceding the consummation of the Restructuring,
          of the aggregate number of shares of Stock subject to the Award and as
          to which the Award is being redeemed.

     The Corporation shall promptly notify each Holder of any election or action
taken by the Corporation under this Section 9.3. In the event of any election or
action taken by the Corporation pursuant to this Section 9.3 that requires the
amendment or cancellation of any Award Agreement as may be specified in any
notice to the Holder thereof, that Holder shall promptly deliver that Award
Agreement to the Corporation in order for that amendment or cancellation to be
implemented by the Corporation and the Committee. The failure of the Holder to
deliver any such Award Agreement to the Corporation as provided in the preceding
sentence shall not in any manner affect the validity or enforceability of any
action taken by the Corporation and the Committee under this Section 9.3,
including without limitation any redemption of an Award as of the consummation
of a Restructuring. Any cash payment to be made by the Corporation pursuant to
this Section 9.3 in connection with the redemption of any outstanding Awards
shall be paid to the Holder thereof currently with the delivery to the
Corporation of the Award Agreement evidencing that Award; provided, however,
that any such redemption shall be effective upon the consummation of the
Restructuring notwithstanding that the payment of the redemption price may occur
subsequent to the consummation. If all or any portion of an outstanding Award is
to be exercised or accelerated upon or after the consummation of a Restructuring
that does not occur in connection with a Change in Control and is in the form of
a Non-Surviving Event, and as a part of that Restructuring shares of stock,
other securities, cash, or property shall be issuable or deliverable in exchange
for Stock, then the Holder of the Award shall thereafter be entitled to purchase
or receive (in lieu of the number of shares of Stock that the Holder would
otherwise be entitled to purchase or receive) the number of shares of Stock,
other securities, cash, or property to which such number of shares of Stock
would have been entitled in connection with the Restructuring (and, for Options,
upon payment of the aggregate exercise price equal to the Exercise Price that
would have been payable if that number of Total Shares had been purchased on the
exercise of the Option immediately before the consummation of the Restructuring)
and such Award shall be subject to adjustments that shall be as nearly
equivalent as may be practical to the adjustments provided for in this Section
9.

Notice of Restructuring. The Corporation shall attempt to keep all Holders
informed with respect to any Restructuring or of any potential Restructuring to
the same extent that the Corporation's shareholders are informed by the
Corporation of any such event or potential event.

                                       126

<PAGE>

ADDITIONAL PROVISIONS

Termination of Employment. If a Holder is an Eligible Individual because the
Holder is an Employee and if that employment relationship is terminated for any
reason other than (a) that Holder's death or (b) that Holder's Disability
(hereafter defined), then any and all Awards held by such Holder in such
Holder's capacity as an Employee as of the date of the termination that are not
yet exercisable (or for which restrictions have not lapsed) shall become null
and void as of the date of such termination; provided, however, that the
portion, if any, of such Awards that are exercisable as of the date of
termination shall be exercisable for a period of the lesser of (a) the remainder
of the term of the Award or (b) the date which is 30 days following the date of
termination. Any portion of an Award not exercised upon the expiration of the
lesser of the periods specified above shall be null and void unless the Holder
dies during such period, in which case the provisions of Section 10.3 shall
govern.

Other Loss of Eligibility - Non-Employees. If a Holder is an Eligible Individual
because the Holder is serving in a capacity other than as an Employee and if
that capacity is terminated for any reason other than the Holder's death or
Disability, then that portion, if any, of any and all Awards held by the Holder
that were granted because of that capacity which are not yet exercisable (or for
which restrictions have not lapsed) as of the date of the termination shall
become null and void as of the date of the termination; provided, however, that
the portion, if any, of any and all Awards held by the Holder that are then
exercisable as of the date of the termination shall be exercisable for a period
of the lesser of (a) the remainder of the term of the Award or (b) 30 days
following the date such capacity is terminated. If a Holder is an Eligible
Individual because the Holder is serving in a capacity other than as an Employee
and if that capacity is terminated by reason of the Holder's death or
Disability, then the portion, if any, of any and all Awards held by the Holder
that are not yet exercisable (or for which restrictions have not lapsed) as of
the date of termination for death or Disability shall become exercisable (and
the restrictions thereon, if any, shall lapse) and all such Awards held by that
Holder as of the date of termination that are exercisable (either as a result of
this sentence or otherwise) shall be exercisable for a period of the lesser of
(a) the remainder of the term of the Award or (b) the date which is 30 days
following the date of termination. Any portion of an Award not exercised upon
the expiration of the periods specified in (a) or (b) of the preceding two
sentences shall be null and void upon the expiration of such period, as
applicable.

Death. Upon the death of a Holder, the vesting of any and all Awards held by the
Holder that are not then exercisable (or for which restrictions have not lapsed)
shall vest pursuant to the terms of Award Agreement..

Disability. Upon the Disability of a Holder, the vesting of any and all Awards
held by the Holder that are not then exercisable (or for which restrictions have
not lapsed) shall vest pursuant to the terms of Award Agreement

Leave of Absence. With respect to an Award, the Committee may, in its sole
discretion, determine that any Holder who is on leave of absence for any reason
will be considered to still be in the employ of the Corporation or any of its
Subsidiaries, as applicable, for any or all purposes of the Plan and the Award
Agreement of such Holder.

Transferability of Awards. In addition to such other terms and conditions as may
be included in a particular Award Agreement, an Award requiring exercise shall
be exercisable during a Holder's lifetime only by that Holder or by that
Holder's guardian or legal representative. An Award requiring exercise shall not
be transferable other than (i) by will or the laws of descent and distribution;
or (ii) in accordance with the terms of the Award Agreement.

Forfeiture and Restrictions on Transfer. Each Award Agreement may contain or
otherwise provide for conditions giving rise to the forfeiture of the Stock
acquired pursuant to an Award or otherwise and may also provide for those
restrictions on the transferability of shares of the Stock acquired pursuant to
an Award or otherwise that the Committee in its sole and absolute discretion may
deem proper or advisable.

                                       127

<PAGE>

The conditions giving rise to forfeiture may include, but need not be limited
to, the requirement that the Holder render substantial services to the
Corporation or its Subsidiaries for a specified period of time. The restrictions
on transferability may include, but need not be limited to, options and rights
of first refusal in favor of the Corporation and shareholders of the Corporation
other than the Holder of such shares of Stock who is a party to the particular
Award Agreement or a subsequent Holder of the shares of Stock who is bound by
that Award Agreement.

Delivery of Certificates of Stock. Subject to Section 10.9, the Corporation
shall promptly issue and deliver a certificate representing the number of shares
of Stock as to which (a) an Option has been exercised after the Corporation
receives an Exercise Notice and upon receipt by the Corporation of the Exercise
Price and any tax withholding as may be requested, (b) a Stock Appreciation
Right has been exercised (to the extent the Committee determines to pay such
Stock Appreciation Right in shares of Stock pursuant to Section 6.5) and upon
receipt by the Corporation of any tax withholding as may be requested, and (c)
restrictions have lapsed with respect to a Restricted Stock Award and upon
receipt by the Corporation of any tax withholding as may be requested. The value
of the shares of Stock or cash transferable because of an Award under the Plan
shall not bear any interest owing to the passage of time, except as may be
otherwise provided in an Award Agreement. If a Holder is entitled to receive
certificates representing Stock received for more than one form of Award under
the Plan, separate Stock certificates shall be issued with respect to Incentive
Options and Nonstatutory Options.

Conditions to Delivery of Stock. Nothing herein or in any Award granted
hereunder or any Award Agreement shall require the Corporation to issue any
shares with respect to any Award if that issuance would, in the opinion of
counsel for the Corporation, constitute a violation of the Securities Act or any
similar or superseding statute or statutes, any other applicable statute or
regulation, or the rules of any applicable securities exchange or securities
association, as then in effect. At the time of any exercise of an Option or
Stock Appreciation Right, or at the time of any grant of a Restricted Stock
Award, the Corporation may, as a condition precedent to the exercise of such
Option or Stock Appreciation Right or vesting of any Restricted Stock Award,
require from the Holder of the Award (or in the event of his death, his legal
representatives, heirs, legatees, or distributees) such written representations,
if any, concerning the Holder's intentions with regard to the retention or
disposition of the shares of Stock being acquired pursuant to the Award and such
written covenants and agreements, if any, as to the manner of disposal of such
shares as, in the opinion of counsel to the Corporation, may be necessary to
ensure that any disposition by that Holder (or in the event of the Holder's
death, his legal representatives, heirs, legatees, or distributees) will not
involve a violation of the Securities Act or any similar or superseding statute
or statutes, any other applicable state or federal statute or regulation, or any
rule of any applicable securities exchange or securities association, as then in
effect.

                                       128

<PAGE>

Certain Directors and Officers. With respect to Holders who are directors or
officers of the Corporation or any of its Subsidiaries and who are subject to
Section 16(b) of the Exchange Act, Awards and all rights under the Plan shall be
exercisable during the Holder's lifetime only by the Holder or the Holder's
guardian or legal representative, but not for at least six months after grant,
unless (a) the Board of Directors expressly authorizes that an Award shall be
exercisable before the expiration of the six-month period or (b) the death or
Disability of the Holder occurs before the expiration of the six-month period.
In addition, no such officer or director shall exercise any Stock Appreciation
Right or have shares of Stock withheld to pay tax withholding obligations within
the first six months of the term of an Award. Any election by any such officer
or director to have tax withholding obligations satisfied by the withholding of
shares of Stock shall be irrevocable and shall be communicated to the Committee
during the period beginning on the third day following the date of release of
quarterly or annual summary statements of sales and earnings and ending on the
twelfth business day following such date (the "Window Period") or by an
irrevocable election communicated to the Committee at least six months before
the date of exercise of the Award for which such withholding is desired. Any
election by an officer or director to receive cash in full or partial settlement
of a Stock Appreciation Right, as well as any exercise by such individual of a
Stock Appreciation Right for cash, in either case to the extent permitted under
the applicable Award Agreement or otherwise permitted by the Committee, shall be
made during the Window Period or within any other periods that the Committee
shall specify from time to time.

Securities Act Legend. Certificates for shares of Stock, when issued, may have
the following legend, or statements of other applicable restrictions (including,
without limitation, restrictions required under any federal, state or foreign
law), endorsed thereon and may not be immediately transferable:

     THE SHARES OF STOCK REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN
     REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE
     SECURITIES LAWS. THE SHARES MAY NOT BE OFFERED FOR SALE, SOLD, PLEDGED,
     TRANSFERRED, OR OTHERWISE DISPOSED OF UNTIL THE HOLDER HEREOF PROVIDES
     EVIDENCE SATISFACTORY TO THE ISSUER (WHICH, IN THE DISCRETION OF THE
     ISSUER, MAY INCLUDE AN OPINION OF COUNSEL SATISFACTORY TO THE ISSUER) THAT
     SUCH OFFER, SALE, PLEDGE, TRANSFER, OR OTHER DISPOSITION WILL NOT VIOLATE
     APPLICABLE FEDERAL OR STATE LAWS.

     This legend shall not be required for shares of Stock issued pursuant to an
effective registration statement under the Securities Act.

Legend for Restrictions on Transfer. Each certificate representing shares issued
to a Holder pursuant to an Award granted under the Plan shall, if such shares
are subject to any transfer restriction, including a right of first refusal,
provided for under this Plan or an Award Agreement, bear a legend that complies
with applicable law with respect to the restrictions on transferability
contained in this Section 10.12, such as:

     THE SHARES OF STOCK REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO
     RESTRICTIONS ON TRANSFERABILITY IMPOSED BY THAT CERTAIN INSTRUMENT ENTITLED
     "EZCORP, INC. 2006 INCENTIVE PLAN" AS ADOPTED BY THE CORPORATION, AND AN
     AGREEMENT THEREUNDER BETWEEN THE CORPORATION AND THE INITIAL HOLDER THEREOF
     DATED _________________ AND MAY NOT BE TRANSFERRED, SOLD, OR OTHERWISE
     DISPOSED OF EXCEPT AS THEREIN PROVIDED. THE CORPORATION WILL FURNISH A COPY
     OF SUCH INSTRUMENT AND AGREEMENT TO THE RECORD HOLDER OF THIS CERTIFICATE
     WITHOUT CHARGE ON REQUEST TO THE CORPORATION AT ITS PRINCIPAL PLACE OF
     BUSINESS OR REGISTERED OFFICE.

Rights as a Shareholder. A Holder shall have no right as a shareholder with
respect to any shares covered by his Award until a certificate representing
those shares is issued in his name. No adjustment shall be made for dividends
(ordinary or extraordinary, whether in cash or other property) or distributions
or other rights for which the record date is before the date that certificate is
issued, except as contemplated by Section 9 hereof. Nevertheless, dividends,
dividend equivalent rights and voting rights

                                       129

<PAGE>

may be extended to and made part of any Award denominated in Stock or units of
Stock, subject to such terms, conditions and restrictions as the Committee may
establish. The Committee may also establish rules and procedures for the
crediting of interest on deferred cash payments and dividend equivalents for
deferred payment denominated in Stock or units of Stock.

Furnish Information. Each Holder shall furnish to the Corporation all
information requested by the Corporation to enable it to comply with any
reporting or other requirement imposed upon the Corporation by or under any
applicable statute or regulation.

Obligation to Exercise. The granting of an Award hereunder shall impose no
obligation upon the Holder to exercise the same or any part thereof.

Adjustments to Awards. Subject to the general limitations set forth in Sections
5, 6, and 9, the Committee may make any adjustment in the Exercise Price of, the
number of shares subject to, or the terms of a Nonstatutory Option or Stock
Appreciation Right by canceling an outstanding Nonstatutory Option or Stock
Appreciation Right and regranting a Nonstatutory Option or Stock Appreciation
Right. Such adjustment shall be made by amending, substituting, or regranting an
outstanding Nonstatutory Option or Stock Appreciation Right. Such amendment,
substitution, or regrant may result in terms and conditions that differ from the
terms and conditions of the original Nonstatutory Option or Stock Appreciation
Right. The Committee may not, however, impair the rights of any Holder of
previously granted Nonstatutory Options or Stock Appreciation Rights without
that Holder's consent. If such action is effected by amendment, such amendment
shall be deemed effective as of the Date of Grant of the amended Award.

Remedies. The Corporation shall be entitled to recover from a Holder reasonable
attorneys' fees incurred in connection with the enforcement of the terms and
provisions of the Plan and any Award Agreement whether by an action to enforce
specific performance or for damages for its breach or otherwise.

Information Confidential. As partial consideration for the granting of each
Award hereunder, the Holder shall agree with the Corporation that he will keep
confidential all information and knowledge that he has relating to the manner
and amount of his participation in the Plan; provided, however, that such
information may be disclosed as required by law and may be given in confidence
to the Holder's spouse, tax or financial advisors, or to a financial institution
to the extent that such information is necessary to secure a loan. In the event
any breach of this promise comes to the attention of the Committee, it shall
take into consideration that breach in determining whether to recommend the
grant of any future Award to that Holder, as a factor mitigating against the
advisability of granting any such future Award to that Person.

Consideration. No Option or Stock Appreciation Right shall be exercisable and no
restriction on any Restricted Stock Award shall lapse with respect to a Holder
unless and until the Holder thereof shall have paid cash or property to, or
performed services for, the Corporation or any of its Subsidiaries that the
Committee believes is equal to or greater in value than the par value of the
Stock subject to such Award.

DURATION AND AMENDMENT OF PLAN

Duration. No Awards may be granted hereunder after the date that is ten years
from the earlier of (a) the date the Plan is adopted by the Board of Directors
or (b) the date the Plan is approved by the shareholders of the Corporation.

Amendment. The Board of Directors may amend, modify, suspend, or terminate the
Plan for the purpose of meeting or addressing any changes in legal requirements
applicable to the Corporation or the Plan. Otherwise, the Plan may not be
amended without the consent of the holders of a majority of the shares of Voting
Securities then outstanding. In connection with any amendment of the Plan, the
Board of Directors shall be authorized to incorporate such provisions as shall
be necessary for amounts paid under the Plan to be exempt from Section 162(m) of
the Code.

                                       130

<PAGE>

GENERAL

Application of Funds. The proceeds received by the Corporation from the sale of
shares pursuant to Awards may be used for any general corporate purpose.

Right of the Corporation and Subsidiaries to Terminate Employment. Nothing
contained in the Plan or in any Award Agreement shall confer upon any Holder the
right to continue in the employ of the Corporation or any Subsidiary or
interfere in any way with the rights of the Corporation or any Subsidiary to
terminate the Holder's employment at any time.

No Liability for Good Faith Determinations. Neither the members of the Board of
Directors 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
Award granted under it; and members of the Board of Directors and the Committee
shall be entitled to indemnification and reimbursement by the Corporation 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 Corporation, 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.
This right to indemnification shall be in addition to, and not a limitation on,
any other indemnification rights any member of the Board of Directors or the
Committee may have.

Other Benefits. Participation in the Plan shall not preclude the Holder from
eligibility in any other stock or stock option plan of the Corporation or any
Subsidiary or any old age benefit, insurance, pension, profit sharing
retirement, bonus, or other extra compensation plans that the Corporation or any
Subsidiary has adopted, or may, at any time, adopt for the benefit of its
Employees. Neither the adoption of the Plan by the Board of Directors nor the
submission of the Plan to the shareholders of the Corporation for approval shall
be construed as creating any limitations on the power of the Board of Directors
to adopt such other incentive arrangements as it may deem desirable, including,
without limitation, the granting of stock options and the awarding of Stock and
cash otherwise than under the Plan and such arrangements may be either generally
applicable or applicable only in specific cases.

Exclusion From Pension and Profit-Sharing Compensation. By acceptance of an
Award (regardless of form), as applicable, each Holder shall be deemed to have
agreed that the Award is special incentive compensation that will not be taken
into account in any manner as salary, compensation, or bonus in determining the
amount of any payment under any pension, retirement, or other employee benefit
plan of the Corporation or any Subsidiary, unless any pension, retirement, or
other employee benefit plan of the Corporation or Subsidiary expressly provides
that such Award shall be so considered for purposes of determining the amount of
any payment under any such plan. In addition, each beneficiary of a deceased
Holder shall be deemed to have agreed that the Award will not affect the amount
of any life insurance coverage, if any, provided by the Corporation or a
Subsidiary on the life of the Holder that is payable to the beneficiary under
any life insurance plan covering Employees of the Corporation or any Subsidiary.

Execution of Receipts and Releases. Any payment of cash or any issuance or
transfer of shares of Stock to the Holder, or to his legal representative, heir,
legatee, or distributee, in accordance with the provisions hereof, shall, to the
extent thereof, be in full satisfaction of all claims of such Persons hereunder.
The Committee may require any Holder, legal representative, heir, legatee, or
distributee, as a condition precedent to such payment, to execute a release and
receipt therefor in such form as it shall determine.

Unfunded Plan. Insofar as it provides for Awards of cash and Stock, the Plan
shall be unfunded. Although bookkeeping accounts may be established with respect
to Holders who are entitled to cash, Stock, or rights thereto under the Plan,
any such accounts shall be used merely as a bookkeeping convenience. The
Corporation shall not be required to segregate any assets that may at any time
be represented by cash, Stock, or rights thereto, nor shall the Plan be
construed as providing for such segregation, nor shall the Corporation nor the
Board of Directors nor the Committee be deemed to be a

                                       131

<PAGE>

trustee of any cash, Stock, or rights thereto to be granted under the Plan. Any
liability of the Corporation to any Holder with respect to a grant of cash,
Stock, or rights thereto under the Plan shall be based solely upon any
contractual obligations that may be created by the Plan and any Award Agreement;
no such obligation of the Corporation shall be deemed to be secured by any
pledge or other encumbrance on any property of the Corporation. Neither the
Corporation nor the Board of Directors nor the Committee shall be required to
give any security or bond for the performance of any obligation that may be
created by the Plan.

No Guarantee of Interests. Neither the Committee nor the Corporation guarantees
the Stock of the Corporation from loss or depreciation.

Payment of Expenses. All expenses incident to the administration, termination,
or protection of the Plan, including, but not limited to, legal and accounting
fees, shall be paid by the Corporation or its Subsidiaries; provided, however,
the Corporation or a Subsidiary may recover any and all damages, fees, expenses,
and costs arising out of any actions taken by the Corporation to enforce its
right to purchase Stock under this Plan.

Corporation Records. Records of the Corporation or its Subsidiaries regarding
the Holder's period of employment, termination of employment and the reason
therefor, leaves of absence, re-employment, and other matters shall be
conclusive for all purposes hereunder, unless determined by the Committee to be
incorrect.

Information. The Corporation and its Subsidiaries shall, upon request or as may
be specifically required hereunder, furnish or cause to be furnished all of the
information or documentation which is necessary or required by the Committee to
perform its duties and functions under the Plan.

No Liability of Corporation. The Corporation assumes no obligation or
responsibility to the Holder or his legal representatives, heirs, legatees, or
distributees for any act of, or failure to act on the part of, the Committee.

Corporation Action. Any action required of the Corporation shall be by
resolution of its Board of Directors or by a Person authorized to act by
resolution of the Board of Directors.

Severability. In the event that any provision of this Plan, or the application
hereof to any Person or circumstance, is held by a court of competent
jurisdiction to be invalid, illegal, or unenforceable in any respect under
present or future laws effective during the effective term of any such
provision, such invalid, illegal, or unenforceable provision shall be fully
severable; and this Plan shall then be construed and enforced as if such
invalid, illegal, or unenforceable provision had not been contained in this
Plan; and the remaining provisions of this Plan shall remain in full force and
effect and shall not be affected by the illegal, invalid, or unenforceable
provision or by its severance from this Plan. Furthermore, in lieu of each such
illegal, invalid, or unenforceable provision, there shall be added automatically
as part of this Plan a provision as similar in terms to such illegal, invalid,
or unenforceable provision as may be possible and be legal, valid, and
enforceable. If any of the terms or provisions of this Plan conflict with the
requirements of Rule 16b-3 (as those terms or provisions are applied to Eligible
Individuals who are subject to Section 16(b) of the Exchange Act), then those
conflicting terms or provisions shall be deemed inoperative to the extent they
so conflict with the requirements of Rule 16b-3 and, in lieu of such conflicting
provision, there shall be added automatically as part of this Plan a provision
as similar in terms to such conflicting provision as may be possible and not
conflict with the requirements of Rule 16b-3. If any of the terms or provisions
of this Plan conflict with the requirements of Section 422 of the Code (with
respect to Incentive Options), then those conflicting terms or provisions shall
be deemed inoperative to the extent they so conflict with the requirements of
Section 422 of the Code and, in lieu of such conflicting provision, there shall
be added automatically as part of this Plan a provision as similar in terms to
such conflicting provision as may be possible and not conflict with the
requirements of Section 422 of the Code. With respect to Incentive Options, if
this Plan does not contain any provision required to be included herein under
Section 422 of the Code, that provision shall be deemed to be incorporated
herein with the same

                                       132

<PAGE>

force and effect as if that provision had been set out at length herein;
provided, however, that, to the extent any Option that is intended to qualify as
an Incentive Option cannot so qualify, that Option (to that extent) shall be
deemed a Nonstatutory Option for all purposes of the Plan.

Notices. Whenever any notice is required or permitted hereunder, such notice
must be in writing and personally delivered or sent by mail. Any notice required
or permitted to be delivered hereunder shall be deemed to be delivered on the
date on which it is actually received by the Corporation addressed to the
attention of the Corporate Secretary at the Corporation's office as specified in
the applicable Award Agreement. The Corporation or a Holder may change, at any
time and from time to time, by written notice to the other, the address which it
or he had previously specified for receiving notices. Until changed in
accordance herewith, the Corporation and each Holder shall specify as its and
his address for receiving notices the address set forth in the Award Agreement
pertaining to the shares to which such notice relates. Any Person entitled to
notice hereunder may waive such notice.

Successors. The Plan shall be binding upon the Holder, his legal
representatives, heirs, legatees, and distributees, upon the Corporation, its
successors and assigns and upon the Committee and its successors.

Headings. The titles and headings of Sections are included for convenience of
reference only and are not to be considered in construction of the provisions
hereof.

Governing Law. All questions arising with respect to the provisions of the Plan
shall be determined by application of the laws of the State of Texas, without
giving effect to any conflict of law provisions thereof, except to the extent
Texas law is preempted by federal law. Questions arising with respect to the
provisions of an Award Agreement that are matters of contract law shall be
governed by the laws of the state specified in the Award Agreement, except to
the extent that Texas corporate law subconflicts with the contract law of such
state, in which event Texas corporate law shall govern irrespective of any
conflict of law laws. The obligation of the Corporation to sell and deliver
Stock hereunder is subject to applicable federal, state and foreign laws and to
the approval of any governmental authority required in connection with the
authorization, issuance, sale, or delivery of such Stock.

Word Usage. Words used in the masculine shall apply to the feminine where
applicable, and wherever the context of this Plan dictates, the plural shall be
read as the singular and the singular as the plural.

     IN WITNESS WHEREOF, the Corporation, acting by and through its officers
hereunto duly authorized, has executed this 2006 Incentive Plan, to be effective
as of September 21, 2006.

                                        EZCORP, INC.,
                                        a Delaware corporation

                                        By:
                                            ------------------------------------
                                            Joseph L. Rotunda, President and
                                            Chief Executive Officer

                                       133

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00114-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00114-of-00352.parquet"}]]