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Exhibit 4.5    
  

 
 

HAGGAR CORP.
  2003 LONG TERM INCENTIVE PLAN    
  

        1.    Purpose    

        The
HAGGAR CORP. 2003 LONG TERM INCENTIVE PLAN (the "2003 Plan") has been established by HAGGAR CORP. (the "Corporation") to: 

        (a)  Attract
and retain key executive and managerial employees; 

        (b)  Motivate
participating employees, by means of appropriate incentives, to achieve long-range goals; 

        (c)  Attract
and retain well-qualified individuals to serve as members of the Corporation's Board of Directors (the "Board"); 

        (d)  Provide
incentive compensation opportunities that are competitive with those of other corporations; and 

        (e)  Further
identify the interests of directors and eligible employees with those of the Corporation's other stockholders through compensation alternatives based on the
Corporation's Common Stock; 

and
thereby promote the long-term financial interest of the Corporation and its subsidiaries, including the growth in value of the Corporation's equity and enhancement of
long-term stockholder return. 

        2.    Scope    

        Awards
under the 2003 Plan may be granted in the form of (a) incentive stock options ("incentive stock options") as provided in Section 422 of the Internal Revenue Code of
1986, as amended (the "Code"), (b) non-qualified stock options ("non-qualified options") (unless otherwise indicated, references in the 2003 Plan to "options" include
incentive stock options and non-qualified options), (c) shares of the Common Stock of the Corporation (the "Common Stock") that are restricted as provided in paragraph 12
hereof ("restricted shares"), or (d) units valued based upon the long-term performance of the Corporation as determined pursuant to paragraph 13 hereof ("performance units").
Options may be accompanied by stock appreciation rights ("rights"). Rights may also be granted without accompanying options. The maximum aggregate number of shares of Common Stock with respect to
which options and restricted shares, and rights granted without accompanying options, may be granted from time to time under the 2003 Plan shall be 575,000 shares (subject to adjustment as described
in paragraph 17 hereof). Shares of Common Stock with respect to which awards are granted may be, in whole or in part, authorized and unissued shares, authorized and issued shares held in the
treasury of the Corporation, or issued shares reacquired by the Corporation, as the Board shall from time to time determine. If for any reason (other than the surrender of options or Deemed Options
(as defined in paragraph 9(b)) upon exercise of rights as provided in paragraph 9 hereof) any shares as to which an option has been granted cease to be subject to purchase thereunder, or
any restricted shares are forfeited to the Corporation, or any right issued without accompanying options terminates or expires without being exercised, then the shares in respect of which such option
or right was granted, or which relate to such restricted shares, shall become available for subsequent awards under the 2003 Plan; provided, however,
that such shares shall count against any calendar year limitation on the number of shares which may relate to awards as set forth in paragraph 16. 

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        3.    Effective Date    

        The
2003 Plan shall become effective on the calendar day immediately following the date the 2003 Plan is approved by the stockholders of the Corporation. If the 2003 Plan is approved by
the stockholders of the Corporation, it shall terminate on the fifth anniversary of its effective date. 

        4.    Administration    

        (a)  The
2003 Plan shall be administered, construed and interpreted solely by the Compensation Committee, or any successor thereto, of the Board (the "Committee"). Unless
otherwise determined by the Board, the Committee shall consist solely of two or more directors, each of whom shall be (i) a "nonemployee director" within the meaning of
Rule 16b-3 under the Securities Exchange Act of 1934, as amended (the "1934 Act"), and (ii) an "outside director" as defined under Section 162(m) of the Code, unless
administration of this Plan by "outside directors" is not then required in order to qualify for tax deductibility under Section 162(m) of the Code. 

        (b)  Subject
to the express provisions of Rule 16b-3 promulgated under the 1934 Act and Treasury regulation §1.162-27, the
Committee shall have plenary authority in its sole discretion, and subject to the express provisions of the 2003 Plan, to grant options, to determine the purchase price of the Common Stock covered by
each option (the "exercise price"), the term of each option, the employees to whom, and the time or times at which, options shall be granted and the number of shares to be covered by each option; to
designate options as incentive stock options or non-qualified options and to determine which options shall be accompanied by rights; to grant rights without accompanying options; to
determine the employees to whom and the time or times at which such rights shall be granted and the exercise price, term, and number of shares of Common Stock covered by any Deemed Option
corresponding thereto; to grant restricted shares and performance units and to determine the term of the restricted period and appropriate long-term objectives and other conditions
applicable to such restricted shares or performance units, the employees to whom and the time or times at which restricted shares or performance units shall be granted and the number of restricted
shares or performance units to be covered by each grant; to interpret the 2003 Plan; to prescribe, amend and rescind rules and regulations relating to the 2003 Plan; to determine the terms and
provisions of the option agreements, and the right, restricted share and performance unit agreements entered into in connection with awards under the 2003 Plan; to prepare and distribute in such
manner as the Committee determines to be appropriate information concerning the 2003 Plan, and to make all other determinations deemed necessary or advisable for the administration of the 2003 Plan.
The Committee may delegate to one (1) or more of its members or to one (1) or more agents such administrative duties as it may deem advisable, and the Committee or any person to whom it
has delegated duties as aforesaid may employ one or more persons to render advice with respect to any responsibility the Committee or such person may have under the 2003 Plan;  provided, however, that
the Committee shall not delegate its authority to construe and interpret the 2003 Plan, to determine which employees may
participate in the 2003 Plan, or its authority to make grants of options, restricted shares, performance units and rights or any authority which pertains to awards granted to persons subject to
Section 16(b) of the 1934 Act or Section 162(m) of the Code. 

        (c)  Subject
to the express provisions of Rule 16b-3 promulgated under the 1934 Act and Treasury regulation §1.162-27, the
Committee may adopt such rules as it deems necessary, desirable or appropriate. The Committee may act at a meeting or in writing without a meeting. The Committee shall elect one of its members as
chairman, appoint a secretary (who may or may not be a Committee member, as the case may be) and advise the Board of such actions. The secretary shall keep a record of all minutes and forward all
necessary communications to the Corporation. A majority of the Committee shall constitute a quorum. All decisions of the 

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Committee shall be made by a vote of not less than a majority of the Committee members present at a meeting of the Committee at which a quorum is present or by a written consent signed by all of the
members of the Committee. A dissenting Committee member who, within a reasonable time after he has knowledge of any action or failure to act in accordance with the preceding sentence, registers his
dissent in writing delivered to the other Committee members and to the Board, shall not be responsible for any such action or failure to act. 

        (d)  All
usual and reasonable expenses of the Committee shall be paid by the Corporation, and no member shall receive compensation with respect to his services for the
Committee except as may be authorized by the Board. The Committee may employ attorneys, consultants, accountants or other persons, and the Committee, the Corporation and its officers and directors
shall be entitled to rely upon the advice, opinions or valuations of any such persons. All actions taken and all interpretations and determinations made by the Committee in good faith shall be final
and binding upon all employees who have received awards, the Corporation and all other interested persons. No member of the Committee shall be personally liable for any action, determination, or
interpretation taken or made in good faith with respect to the 2003 Plan or awards made thereunder, and the Corporation shall indemnify and hold harmless each member of the Committee against all loss,
cost, expenses or damages, occasioned by any act or omission to act in connection with any such action, determination or interpretation under or of the 2003 Plan, consistent with the Corporation's
articles of incorporation and bylaws. 

        (e)  Subject
to such limitations or restrictions as may be imposed by the Code or other applicable law, the Committee may grant to an employee who has been granted an award
under the 2003 Plan or any other benefit plan maintained by the Corporation or any of its subsidiaries, or any predecessor or successor thereto, in exchange for the surrender and cancellation of such
prior award, a new award with such terms and conditions as the Committee may deem appropriate and consistent with the provisions of the 2003 Plan. 

        (f)    At
any time that a member of the Committee is not a "qualified member," which shall mean a member who is (i) a "non-employee director" within the
meaning of Rule 16b-3(b)(3) promulgated under the 1934 Act and (ii) an "outside director" within the meaning of Treasury regulation §1.162-27, any
action of the Committee relating to an award granted or to be granted to an employee who is then subject to Section 16 of the 1934 Act in respect of the Corporation, or relating to an award
intended by the Committee to qualify as "performance-based compensation" within the meaning of Section 162(m) of the Code and regulations thereunder, may be taken either (A) by a
subcommittee, designated by the Committee, composed solely of two or more qualified members, or (B) by the Committee but with each such member who is not a qualified member abstaining or
recusing himself or herself from such action; provided, however, that, upon such abstention or recusal, the Committee remains composed solely of two or more qualified members. Such action, authorized
by such a subcommittee or by the Committee upon the abstention or recusal of such non-qualified member(s), shall be the action of the Committee for purposes of this Plan. Any action of the
Committee shall be final, conclusive and binding on all persons. 

        (g)  Notwithstanding
the powers of the Committee set forth in this paragraph 4, no award may be repriced, replaced, regranted through cancellation, or modified without
approval of the Corporation's stockholders (except in connection with a change in the Corporation's capitalization as described in
paragraph 17) if the effect would be to reduce the exercise price for the shares of Common Stock underlying such award. 

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        5.    Eligibility Factors To Be Considered in Granting Awards    

        (a)  Awards
shall be granted only to persons who are employees of the Corporation or one (1) or more of its subsidiaries (as defined below) or directors of the
Corporation who are not employees of the Corporation ("nonemployee directors"). In determining the individuals to whom awards shall be granted, the number of shares of Common Stock with respect to
which each award shall be granted, the number of performance units granted by each award, and the terms and conditions of each award, the Committee shall take into account the nature of the
individual's duties, his or her present and potential contributions to the growth and success of the Corporation, and such other factors as the Committee shall deem relevant in connection with
accomplishing the purposes of the 2003 Plan. 

        (b)  For
purposes of the 2003 Plan, the term "subsidiary" means any corporation (other than the Corporation) or other entity of which a majority of the voting power of the
voting equity securities or equity interest is owned, directly or indirectly, by the Corporation. For purposes of the 2003 Plan, the term "affiliate" shall have the same meaning as in
Rule 12b-2 promulgated under the 1934 Act. 

        (c)  Unless
a different meaning is indicated or required by the context and except in the case of application of paragraph 10, the term "employee" as used in the Plan
shall include a nonemployee director of the Corporation, and the term "employed" or "employment" shall include service by a nonemployee director as a member of the Board. 

        6.    Option Price; Fair Market Value    

        The
per share exercise price of each option for shares of Common Stock shall be determined by the Committee, but in no event shall be less than the Fair Market Value per Share on the
date the option is granted. For purposes of the 2003 Plan, the term "Fair Market Value per Share" as of any date shall mean for shares of Common Stock with respect to which restricted shares, options
and rights shall be granted, the closing price of the Common Stock on such date (or if there are no sales on such date, on the next preceding date on which there were sales), as reported on the New
York Stock Exchange Composite Tape, or if the Common Stock is not listed or admitted to trading on the New York Stock Exchange, as reported on the principal consolidated transaction reporting system
for the principal national securities exchange on which the Common Stock is listed or admitted to trading, or if the Common Stock is not listed or admitted to trading on any national securities
exchange, the closing price of the Common Stock as reported on the National Market System of the National Association of Securities Dealers, Inc Automated Quotation System ("NASDAQ"), or if the Common
Stock is not
listed or admitted to trading on the NASDAQ National Market System, the last quoted sales price or, if not so quoted, the average of the high bid and low asked prices in the
over-the-counter market, as reported by the NASDAQ System or such other system as may then be in use, or if the Common Stock is not reported on any such system and is not
listed or admitted to trading on any national securities exchange, the average of the closing bid and asked prices as furnished by a professional market maker making a market in the Common Stock
selected by the Board, or if no such market maker is making a market in the Common Stock, the fair value of the Common Stock as determined in good faith by the Board; provided,
however, that in any event the Fair Market Value per Share shall be appropriately adjusted to reflect events described in paragraph 17 hereof. The Committee shall
determine the date on which an option is granted, provided that such date is consistent with the Code and any applicable rules or regulations thereunder; in the absence of such determination, the date
on which the Committee adopts a resolution granting an option shall be considered the date on which such option is granted, provided the employee to whom the option is granted is promptly notified of
the grant and a written option agreement is duly executed as of the date of the resolution. The exercise price so determined shall also be applicable in connection with the exercise of any related
right. 

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        7.    Term of Options    

        The
term of each option granted under the 2003 Plan shall be as the Committee shall determine, but in no event shall any option have a term of more than 10 years from the date of
grant, subject to earlier termination as provided in paragraphs 14 and 15 hereof. If the holder of an incentive stock option owns, at the time the incentive stock option is granted, stock of
the Corporation possessing more than 10% of the combined voting power of all classes of stock of the Corporation or any subsidiary, the term of such incentive stock option shall not exceed five
(5) years from the date of grant. 

        8.    Exercise of Options    

        (a)  Subject
to the provisions of the 2003 Plan and unless otherwise provided in the option agreement, an option granted under the 2003 Plan shall become 100% vested at the
earliest of (i) the employee's retirement from employment at or after Retirement Age (as defined in paragraph 14 hereof), or (ii) the employee's death or total and permanent
disability (as defined in paragraph 15 hereof), or (iii) a Change in Control (as defined in paragraph 22 hereof). Prior to becoming 100% vested, each option shall become
exercisable in such cumulative installments and upon such events as the Committee may determine in its sole discretion. The Committee may also, in its sole discretion, accelerate the exercisability of
any option or installment thereof at any time. 

        (b)  An
option may be exercised at any time or from time to time (subject, in the case of an incentive stock option, to such restrictions as may be imposed by the Code), as
to any or all full shares of Common Stock as to which the option has become exercisable; provided, however, that an option shall
not be exercised at any time as to less than 100 shares (or less than the number of full shares of Common Stock as to which the option is then exercisable, if that number is less than 100 shares). 

        (c)  At
the time of exercise of any option, the per share exercise price of such option shall be paid in full for each share of Common Stock with respect to which such option
is exercised. Payment may be made in cash or, with the approval of the Committee, in shares of the Common Stock, valued at the Fair Market Value per Share on the date of exercise. An option holder may
also make payment at the time of exercise of an option, with the approval of the Committee, by delivering to the Corporation a properly executed exercise notice together with irrevocable instructions
to a broker approved by the Corporation, that upon such broker's sale of shares with respect to which such option is exercised, it is to deliver promptly to the Corporation the amount of sale proceeds
necessary to satisfy the option exercise price and any required withholding taxes; provided, however, that the right to facilitate an option exercise by
the use of a broker transaction shall, for individuals subject to Section 16 of the 1934 Act and members of the Board, be available only to the extent allowed pursuant to the Sarbanes-Oxley Act
of 2002 and applicable rules and regulations of the Securities and Exchange Commission. 

        (d)  Upon
the exercise of an option or portion thereof in accordance with the 2003 Plan, the option agreement and such rules and regulations as may be established by the
Committee, the holder thereof shall have the rights of a stockholder with respect to the Common Stock issued as a result of such exercise. 

        9.    Award and Exercise of Rights    

        (a)  The
Committee may grant a right as a primary right or an additional right (each as described in this paragraph 9) in the manner set forth in this
paragraph 9. A right granted in connection with an option must be granted at the time the option is granted. Each right shall be subject to the same terms and conditions as the related option
or Deemed Option (as described in 

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paragraph 9(b)) and shall be exercisable only to the extent the option or Deemed Option is exercisable, without regard to whether the option or Deemed Option has been held for six months. 

        (b)  A
primary right may be awarded by the Committee either alone or in connection with any option granted under the 2003 Plan. Each primary right granted without a
corresponding option shall nevertheless be deemed for certain purposes described in this paragraph 9 to have been accompanied by an option (a "Deemed Option"). A Deemed Option shall have no
value, and no shares of Common Stock (or other consideration) shall be delivered upon exercise thereof, but such Deemed Option shall serve solely to establish the terms and conditions of the
corresponding primary right. At the time of grant of a primary right not granted in connection with an option, the Committee shall set forth the terms and conditions of the corresponding Deemed
Option. The terms and conditions of such Deemed Option shall include all terms and conditions that at the time of grant are required, and, in the discretion of the Committee, may include any
additional terms and conditions that at such time are permitted, to be included in options granted under the 2003 Plan. A primary right shall entitle the
employee to surrender unexercised the related option or Deemed Option (or any portion or portions thereof that the employee determines to surrender) and to receive in exchange, subject to the
provisions of the 2003 Plan and such rules and regulations as from time to time may be established by the Committee, a payment having an aggregate value equal to (i) the excess of
(A) the Fair Market Value per Share on the exercise date over (B) the per share exercise price of the option or Deemed Option, multiplied by (ii) the number of shares of Common
Stock subject to the option, Deemed Option or portion thereof that is surrendered. Surrender of an option or Deemed Option or portion thereof in exchange for a payment as described in this paragraph
is referred to as the "exercise of a primary right." Upon exercise of a primary right, payment shall be made in the form of cash, shares of Common Stock, or a combination thereof, as elected by the
employee. Shares of Common Stock paid upon exercise of a primary right will be valued at the Fair Market Value per Share on the exercise date. Cash will be paid in lieu of any fractional share of
Common Stock based upon the Fair Market Value per Share on the exercise date. Subject to paragraph 19 hereof, no payment will be required from the employee upon exercise of a primary right. 

        (c)  An
additional right may be awarded by the Committee in connection with any option granted under the 2003 Plan. An additional right shall entitle the employee to receive,
upon the exercise of a related option, a cash payment equal to (i) the product determined by multiplying (A) the excess of (x) the Fair Market Value per Share on the date of
exercise of the related option over (y) the option price per share at which such option is exercisable by (B) the number of shares of Common Stock with respect to which the related
option is being exercised, multiplied by (ii) a percentage factor (which may be any percentage factor equal to or greater than 10% and equal to or less than 100%) as determined by the Committee
at the time of the grant of such additional right or as determined in accordance with a formula for determination of such percentage factor established by the Committee at the time of the grant of
such additional right. If no percentage factor or formula is otherwise specified by the Committee at the time of grant of such additional right, the percentage factor shall be deemed to be 100%. The
Committee at any time, or from time to time, after the time of grant may in its discretion increase such percentage factor (or amend such formula so as to increase such factor) to not more than 100%. 

        (d)  Upon
exercise of a primary right, the number of shares of Common Stock subject to exercise under the related option or Deemed Option shall automatically be reduced by
the number of shares of Common Stock represented by the option, Deemed Option or portion thereof surrendered. Shares of Common Stock subject to options, Deemed Options or portions thereof surrendered
upon the exercise of rights shall not be available for subsequent awards under the 2003 Plan. 

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        (e)  If
neither the right nor, in the case of a right (whether primary or additional) with a related option, the related option, is exercised before the end of the day on
which the right ceases to be exercisable, such right shall be deemed exercised as of such date and, subject to paragraph 19 hereof, a payment in the amount prescribed by paragraph 9(b)
or paragraph 9(c), as the case may be, shall be paid to the employee in cash. 

        10.    Incentive Stock Options    

        (a)  The
Committee shall designate the employees to whom incentive stock options, as described in Section 422 of the Code or any successor section thereto, are to be
awarded under the 2003 Plan and shall determine the number of shares of Common Stock to be covered by each incentive stock option. Incentive stock options shall be awarded only to employees of the
Corporation or of its corporate subsidiaries, and nonemployee directors shall not be eligible to receive awards of incentive stock options. In no event shall the aggregate Fair Market Value Per Share
of all Common Stock (determined at the time the option is awarded) with respect to which incentive stock options are exercisable for the first time by an individual during any calendar year (under all
plans of the Corporation and its subsidiaries) exceed $100,000. 

        (b)  The
purchase price of a share of Common Stock under each incentive stock option shall be determined by the Committee; provided,
however, that in no event shall such price be less than 100% of the Fair Market Value Per Share as of the date of grant (or 110% of such Fair Market Value Per Share if the
holder of the incentive stock option owns stock of the Corporation possessing more than 10% of the combined voting power of all classes of stock of the Corporation or any subsidiary). 

        (c)  Except
as provided in paragraphs 14 and 15 hereof, no incentive stock option shall be exercised at any time unless the holder thereof is then an employee of the
Corporation or one of its subsidiaries. For this purpose, "subsidiary" shall include an entity that becomes a subsidiary after the grant of an incentive stock option and which subsequently employs the
grantee as long as the grantee was, from the date of grant of the incentive stock option until the date of transfer to the new subsidiary, an employee of either the Corporation or a subsidiary of the
Corporation. 

        (d)  In
the event of amendments to the Code or applicable rules or regulations relating to incentive stock options subsequent to the date hereof, the Corporation shall amend
the provisions of the 2003 Plan, and the Corporation and the employees holding such incentive stock options shall agree to amend outstanding option agreements to conform to such amendments. 

        11.    Transferability of Awards    

        (a)  The
Committee may, in its discretion, permit a holder of an award, other than an incentive stock option, to transfer all or any portion of the award, or authorize all or
a portion of such award granted to be on terms which permit transfer by such holder; provided that, in either case, the transferee or transferees must be any child, stepchild, grandchild, parent,
stepparent, grandparent, spouse, former spouse, sibling, niece, nephew, mother-in-law, father-in-law, son-in-law,
daughter-in-law, brother-in-law, or sister-in-law, including adoptive relationships, in each case with respect to the original
holder of the award (the "original holder"), any person sharing the original holder's household (other than a tenant or employee of the Corporation), a trust in which these persons have more than
fifty percent of the beneficial interest, a foundation in which these persons (or the original holder) control the management of assets, and any other entity in which these persons (or the original
holder) own more
than fifty percent of the voting interests (collectively, "permitted transferees"); provided further that, (i) there may be no consideration for any such transfer and (ii) subsequent
transfers of awards transferred as provided above shall be prohibited except subsequent transfers back to the original holder and transfers to other permitted transferees of the original holder. 

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        (b)  An
award may, in the Committee's discretion, be transferred to a permitted transferee, pursuant to a domestic relations order entered or approved by a court of competent
jurisdiction only upon delivery to the Corporation of written notice of such transfer and a certified copy of such order. 

        (c)  Notwithstanding
anything to the contrary in this paragraph 11, an incentive stock option shall not be transferable other than by will or the laws of descent and
distribution. Except as expressly permitted by paragraph 11(a) and paragraph 11(b), awards shall not be transferable other than by will or the laws of descent and distribution. 

        (d)  Following
the transfer of any award as contemplated by this paragraph 11, such award shall continue to be subject to the same terms and conditions as were
applicable immediately prior to transfer, provided that the provisions of the award relating to exercisability shall continue to be applied with respect to the original holder and, following the
occurrence of any such events described therein the award shall be exercisable by the permitted transferee, the recipient under a qualified domestic relations order, the estate or heirs of a deceased
award holder, or other transferee, as applicable, only to the extent and for the periods that would have been applicable in the absence of the transfer. 

        (e)  Any
award holder desiring to transfer an award as permitted under this paragraph 11 shall make application therefor in the manner and time specified by the
Committee and shall comply with such other requirements as the Committee may require to assure compliance with all applicable securities laws. The Committee shall not give permission for such a
transfer if it may not be made in compliance with all applicable federal, state and foreign securities laws. 

        (f)    To
the extent the issuance to any permitted transferee of any shares of Common Stock issuable pursuant to awards transferred as permitted in this paragraph 11 is
not registered pursuant to the effective registration statement of the Corporation generally covering the shares to be issued pursuant to the 2003 Plan, the Corporation shall not have any obligation
to register the issuance of any such shares of Common Stock to any such transferee. 

        12.    Award and Delivery of Restricted Shares    

        (a)  At
the time an award of restricted shares is made, the Committee shall establish a period or periods of time (each a "Restricted Period") applicable to such award that
shall not be more than 10 years. Each award of restricted shares may have a different Restricted Period or Restricted Periods. The Committee may, in its sole discretion, at the time an award is
made, provide for the incremental lapse of Restricted Periods with respect to a portion or portions of the restricted shares awarded, and for the lapse or termination of restrictions upon all or any
portion of the restricted shares upon the satisfaction of other conditions in addition to or other than the expiration of the applicable Restricted Period. The Committee may also, in its sole
discretion, shorten or terminate a Restricted Period or waive any conditions for the lapse or termination of restrictions with respect to all or any portion of the restricted shares. Notwithstanding
the foregoing, all restrictions shall lapse or terminate with respect to all restricted shares upon the earliest of (i) the employee's retirement from employment at or after Retirement Age (as
defined in paragraph 14 hereof), or (ii) the employee's death or total and permanent disability (as defined in paragraph 15 hereof), or (iii) a Change in Control (as
defined in paragraph 22 hereof). 

        (b)  At
the time a grant of restricted shares is made to an employee, a stock certificate representing a number of shares of Common Stock equal to the number of such
restricted shares shall be registered in the employee's name but shall be held in custody by the Corporation for such employee's account. The employee shall generally have the rights and privileges of
a stockholder as to such restricted shares, including, without limitation, the right to vote such restricted shares, except that, subject to the earlier lapse or termination of restrictions as herein 

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provided, the following restrictions shall apply: (i) the employee shall not be entitled to delivery of the stock certificate evidencing restricted shares until the expiration or termination
of the Restricted Period applicable to such shares and the satisfaction of any other conditions prescribed by the Committee; (ii) none of the shares then subject to a Restricted Period shall be
sold, transferred, assigned, pledged, or otherwise encumbered or disposed of during the Restricted Period applicable to such shares and until the satisfaction of any other conditions prescribed by the
Committee; and (iii) all of the shares then subject to a Restricted Period shall be forfeited and all rights of the employee to such restricted shares shall terminate without further obligation
on the part of the Corporation if the employee ceases to be an employee of the Corporation or any of its subsidiaries before the expiration or termination of such Restricted Period and the
satisfaction of any other conditions prescribed by the Committee applicable to such restricted shares. Dividends in respect of restricted shares shall be currently paid;  provided, however, that in lieu
of paying currently a dividend of shares of Common Stock in respect of restricted shares, the Committee may, in its sole
discretion, register in the name of an employee a stock certificate representing such shares of Common Stock issued as a dividend in respect of restricted shares, and may cause the Corporation to hold
such certificate in custody for the employee's account subject to the same terms and conditions as such restricted shares. Upon the forfeiture of any restricted shares, such forfeited restricted
shares shall be transferred to the Corporation without further action by the employee. The employee shall have the same rights and privileges, and be subject to the same restrictions, with respect to
any shares received pursuant to paragraph 17 hereof. 

        (c)  Upon
the expiration or termination of the Restricted Period applicable to such shares and the satisfaction of any other conditions prescribed by the Committee or at such
earlier time as provided for herein, the restrictions applicable to the shares subject to such Restricted Period shall lapse and a certificate for a number of shares of Common Stock equal to the
number of restricted shares with respect to which the restrictions have expired or terminated shall be delivered, free of all such restrictions, except any that may be imposed by law, to the employee
or the employee's Beneficiary (as
defined in paragraph 14(c)). The Corporation shall not be required to deliver any fractional share of Common Stock but shall pay to the employee or the employee's Beneficiary, in lieu thereof,
the product of (i) the Fair Market Value per Share (determined as of the date the restrictions expire or terminate), and (ii) the fraction of a share to which such employee would
otherwise be entitled. Subject to paragraph 19 hereof, no payment will be required from the employee upon the issuance or delivery of any Common Stock upon the expiration or termination of a
Restricted Period with respect to restricted shares. 

        13.    Award of Performance Units    

        (a)  At
the time an award of performance units is made, the Committee shall prescribe a range of long-term financial or other performance objectives, including
minimum, maximum and target objectives of the Corporation ("long-term objectives") during the Incentive Period (as defined in paragraph 13(c) hereof) applicable to such performance
units, and shall determine a range of dollar values of each performance unit associated with such range of long-term earnings objectives. If the minimum long-term objective
prescribed by the Committee for any performance unit is not achieved or exceeded, then such performance unit shall have no value and no amount shall be payable with respect thereto. If such minimum
long-term objective is achieved or exceeded, then the dollar value of all performance units to be paid with respect thereto shall be based upon the level of long-term objective
achieved, subject to any maximum performance unit value imposed by the Committee. If during the course of an Incentive Period there shall occur significant events that were not foreseen in
establishing the minimum long-term objective for such Incentive Period and which the Committee, in its discretion, with the advice of the Corporation's independent auditors, expects to
have a substantial effect on such objective during such Incentive Period, the Committee may revise such objective. 

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        (b)  Any
employee who is an employee of the Corporation or a subsidiary as of the Valuation Date (as defined in paragraph 13(c)) with respect to performance units that
have been previously awarded to him, shall, if the minimum long-term objective specified in paragraph 13(a) is met, be eligible to receive a cash award equal to the value of such
performance units determined pursuant to such paragraph 13(a) as of the Valuation Date applicable thereto. Payment of such cash award shall be made as soon as practicable following the last day
of the calendar year in which occurs the Valuation Date of such performance units. Except as otherwise provided in paragraph 14 hereof, any performance units awarded to an employee during his
employment period for which the Incentive Period has not ended shall be forfeited upon the date such employment terminates, and he shall not be entitled to any payment in respect thereof. 

        (c)  For
purposes of the 2003 Plan, 

          (i)  The
"Incentive Period" with respect to a performance unit shall be a period beginning on the date such performance unit is granted and lasting for such period, not
shorter than three (3) years nor longer than 10 years, as the Committee shall designate. 

        (ii)  The
"Valuation Date" means the earlier of (x) the last day of the Incentive Period for a performance unit, or (y) the day preceding a Change in Control
(as defined in paragraph 22 hereof). 

        14.    Termination of Employment    

        (a)  Unless
otherwise determined by the Committee, in the event that the employment of an employee to whom an option or right has been granted under the 2003 Plan shall be
terminated (except as set forth in paragraph 15 hereof), such option or right may, subject to the provisions of the 2003 Plan, be exercised (to the extent that the employee was entitled to do
so at the termination of his employment) at any time within three (3) months after such termination or, in the case of a nonemployee director who ceases to serve as a member of the Board or an
employee whose termination results from retirement from employment at or after the attainment of age 65 (the "Retirement Age"), within five (5) years after such cessation of service or
termination, but in no event later than the date on which the option or right expires; provided, however, that, unless otherwise determined by the
Committee, any option or right held by an employee whose employment is terminated for cause (as determined by the Board in its sole discretion) or an employee who leaves the employ of the Corporation
voluntarily shall, to the extent not theretofore exercised, terminate upon the date of termination of employment; and provided further, however, that
(except as set forth in paragraph 15 hereof) no incentive stock option may be exercised more than three (3) months after the employee's termination of employment. 

        (b)  Unless
otherwise determined by the Committee, if an employee to whom restricted shares have been granted ceases to be an employee of the Corporation or of a subsidiary
prior to the end of the Restricted Period applicable to such shares and the satisfaction of any other conditions prescribed by the Committee for any reason other than death, total and permanent
disability (as defined in paragraph 15 hereof), or retirement from employment at or after the Retirement Age, the employee shall immediately forfeit all shares then subject to such Restricted
Period. 

        (c)  Unless
otherwise determined by the Committee, if an employee to whom performance units have been granted ceases to be an employee of the Corporation or of a subsidiary
prior to the end of the Incentive Period with respect to such performance units for any reason other than death, total and permanent disability or retirement from employment at or after the Retirement
Age, the employee shall immediately forfeit all such performance units. If an employee to whom performance units have been granted terminates employment by reason of retirement on or after the
Retirement Age, total and permanent disability or death, he shall, if the minimum long-term objectives specified in paragraph 13(a) hereof are met, be eligible to receive a cash
award equal to 

10

 

the value of such performance units, determined pursuant to paragraph 13(a) and payable as soon as practicable following the last day of the calendar year in which occurs the Valuation Date of
such
performance units. If the employee terminates employment due to his death or if an employee who retires from employment on or after his Retirement Age or terminated employment due to total and
permanent disability dies prior to receipt of any such payment, then his designated Beneficiary shall, if the minimum long-term objectives specified in paragraph 13(a) are met, be
entitled to receive a cash award equal to the value of such performance units, determined pursuant to such paragraph 13(a), and payable as soon as practicable following the last day of the
calendar year in which occurs the Valuation Date of such performance units. In the event that the person designated by the employee as his Beneficiary shall not be living at the time, or if no
designation has been made, then the payment of such cash award shall be made to the estate of the employee. An employee's "Beneficiary" is a person or persons (natural or otherwise) designated by such
employee, pursuant to a written instrument executed by such employee and filed with the Committee, to receive any benefits payable hereunder in the event of such employee's death. 

        (d)  Awards
granted under the 2003 Plan shall not be affected by any change of duties or position so long as the holder continues to be an employee of the Corporation or any
subsidiary thereof. Any option or right, restricted share or performance unit agreement, and any rules and regulations relating to the 2003 Plan, may contain such provisions as the Committee shall
approve with reference to the determination of the date employment terminates and the effect of leaves of absence. Any such rules and regulations with reference to any award agreement shall be
consistent with the provisions of the Code and any applicable rules and regulations thereunder. Nothing in the 2003 Plan or in any award granted pursuant to the 2003 Plan shall confer upon any
employee any right to continue in the employ of the Corporation or any subsidiary or interfere in any way with the right of the Corporation or any subsidiary to terminate such employment at any time. 

        15.    Death or Total and Permanent Disability of Employee    

        If
an employee to whom an option or right has been granted under the 2003 Plan shall die or suffer a total and permanent disability while employed by the Corporation or a subsidiary,
such option or right may be exercised, to the extent that the employee was entitled to do so at the termination of employment (including by reason of death or total and permanent disability), as set
forth herein by the employee, legal guardian of the employee (unless such exercise would disqualify an option as an incentive stock option), a legatee or legatees of the employee under the employee's
last will, or by the employee's personal representatives or distributees, whichever is applicable, at any time within one (1) year after the date of the employee's death or total and permanent
disability, but in no event later than the date on which the option or right terminates. Notwithstanding the above, if an employee who terminates employment by reason of total and permanent disability
shall die, a legatee or legatees of such employee under the employee's last will, or the executor of such employee's estate, shall only have the right to exercise such option or right, to the extent
that the employee was entitled to do so at the termination of employment, during the period ending one (1) year after the date of the employee's termination of employment by reason of total and
permanent disability. For purposes hereof, "total and permanent disability" shall have the meaning set forth in the Corporation's long-term disability policy. 

        16.    Individual Award Limitations and Award Performance
Standards    

        (a)  No
person who constitutes a covered employee, as defined in this paragraph 16(a), may receive in a calendar year awards which in the aggregate relate to more than
250,000 shares of Common Stock, and no covered employee may receive in a calendar year a settlement of performance units with a value in excess of $3,000,000. A "covered employee" is any employee 

11

 

who constitutes a covered employee with the meaning of Section 162(m) of the Code and the regulations thereunder. 

        (b)  If
the Committee determines that an award of restricted shares or performance units (either a "performance award") to be granted to an employee, who is designated by the
Committee as likely to be a covered employee, should qualify as "performance-based compensation" for purposes of Section 162(m) of the Code, the grant, exercise and/or settlement of such
performance award may be contingent upon achievement of preestablished performance goals and other terms set forth in this paragraph 16 which may nor may not be the equivalent of any
performance standard to which the award is subject absent the application of this paragraph 16. 

        (c)  The
performance goals for performance awards shall consist of one or more business criteria or individual performance criteria and a targeted level or levels of
performance with respect to each of such criteria, as specified by the Committee and consistent with this paragraph 16. Performance goals shall be objective and shall otherwise meet the
requirements of Section 162(m) of the Code and regulations thereunder, including the requirement that the level or levels of performance targeted by the Committee result in the achievement of
performance goals being "substantially uncertain." The Committee may determine that such performance awards shall be granted, exercised, and/or settled upon achievement of any one performance goal or
that two or more of the performance goals must be achieved as a condition to grant, exercise and/or settlement of such performance awards. Performance goals may differ for performance awards granted
to any one covered employee or to different covered employees. 

        (d)  One
or more of the following business criteria for the Corporation, on a consolidated basis, and/or for specified subsidiaries or business or geographical units of the
Corporation (except with respect to the total shareholder return and earnings per share criteria), shall be used by the Committee in establishing performance goals for performance awards:
(i) earnings per share; (ii) increase in revenues; (iii) increase in cash flow; (iv) increase in cash flow return; (v) return on net assets, return on assets, return
on investment, return on capital, or return on equity; (vi) economic value added; (vii) operating margin or contribution margin; (viii) net income, pretax earnings, pretax
earnings before interest, depreciation and amortization, pretax operating earnings after interest expense and before incentives, service fees, and extraordinary or special items, or operating income;
(ix) total shareholder return; (x) debt reduction; and (xi) any of the above goals determined on an absolute or relative basis or as compared to the performance of a published or
special index deemed applicable by the Committee including, but not limited to, the Standard & Poor's 500 Stock Index, the Standard & Poor's Apparel and Accessories Index, or a group of
comparable companies. 

        (e)  The
grant, exercise and/or settlement of performance awards may also be contingent upon individual performance goals established by the Committee, provided that such
criteria are approved by the
stockholders of the Corporation if the award is designed to constitute performance-based compensation for purposes of Section 162(m) of the Code. 

        (f)    Achievement
of performance goals in respect of such performance awards shall be measured over a performance period of up to ten years, as specified by the Committee.
Performance goals shall be established not later than 90 days after the beginning of any performance period applicable to such performance awards, or at such other date as may be required or
permitted for "performance-based compensation" under Section 162(m) of the Code. 

        (g)  After
the end of each performance period, the Committee shall determine the amount, if any, of the performance award payable to each covered employee. The Committee may,
in its discretion if provided in an award agreement, reduce the amount of a settlement otherwise to be made in connection with a performance award, but may not exercise discretion to increase any 

12

 

such amount payable to a covered employee in respect of a performance award. The Committee shall specify the circumstances in which such performance awards shall be paid or forfeited in the event of
termination of employment by the covered employee prior to the end of a performance period or settlement of the individual's performance awards. 

        (h)  All
determinations by the Committee, as to the establishment of performance goals, the amount of any potential individual performance award payments and as to the
achievement of performance goals relating to performance awards, shall be made in writing. The Committee may not delegate any responsibility relating to such performance awards. 

        (i)    It
is the intent of the Corporation that performance awards constitute "performance-based compensation" within the meaning of Section 162(m) of the Code and
regulations thereunder. Accordingly, the terms of this paragraph 16 shall be interpreted in a manner consistent with Section 162(m) of the Code and regulations thereunder. The foregoing
notwithstanding, because the Committee cannot determine with certainty whether a given employee will be a covered employee with respect to a fiscal year that has not yet been completed, the term
covered employee as used herein shall mean any person designated by the Committee, at the time of grant of performance awards, who is likely to be a covered employee with respect to that fiscal year.
If any provisions of the 2003 Plan as in effect on the date of adoption or any agreements relating to performance awards do not comply or are inconsistent with the requirements of
Section 162(m) of the Code or regulations thereunder, such provisions shall be construed or deemed amended to the extent necessary to conform to such requirements. 

        17.    Adjustments upon Changes in Capitalization, etc.    

        Notwithstanding
any other provision of the 2003 Plan, the Committee may at any time make or provide for such adjustments to the 2003 Plan, to the number and class of shares available
thereunder or to any outstanding options, rights, restricted shares or performance units as it shall deem appropriate to prevent dilution or enlargement, including adjustments in the event of changes
in the outstanding Common Stock by reason of stock dividends, split-ups, recapitalizations, mergers, consolidations, combinations or exchanges of shares, separations, reorganizations,
liquidations and the like. In the event of any offer to holders of Common Stock generally relating to the acquisition of their shares, the Committee may make such adjustment as it deems equitable in
respect to outstanding options, rights, restricted shares and performance units, including, in the Committee's discretion, revision of outstanding options, rights, restricted shares and performance
units so that they may be exercisable or redeemable for or payable in the consideration payable in the acquisition transaction. Any such determination by the Committee shall be conclusive. Any
fractional shares resulting from such adjustments to options, rights, or restricted shares shall be eliminated. 

        18.    Termination and Amendment    

        The
Board shall have the right to amend, suspend or terminate the 2003 Plan at any time; provided, however, that an amendment shall be
subject to stockholder approval if such approval is required to comply with the Code, the rules of any securities exchange or market system on which securities of the Company are listed or admitted to
trading at the time such amendment is adopted or any other applicable laws. The Board may delegate to the Committee all or any portion of its authority under this paragraph 18. If the 2003 Plan
is terminated, the terms of the 2003 Plan shall, notwithstanding such termination, continue to apply to awards granted prior to such termination. In addition, except in the case of adjustments made
pursuant to paragraph 17 hereof, no suspension, termination, modification or amendment of the 2003 Plan may, without the consent of the employee to whom an award shall theretofore have been
granted, adversely affect the rights of such employee under such award. 

13

 

        19.    Withholding Tax    

        (a)  The
Corporation shall have the right to deduct from all amounts paid in cash in consequence of the exercise of an option or right, or the settlement of a performance
unit, under the 2003 Plan any taxes required by law to be withheld with respect to such cash payments. Where an employee or other person is entitled to receive shares of Common Stock pursuant to the
exercise of an option or a right pursuant to the 2003 Plan, the Corporation shall have the right to require the employee or such other person to pay to the Corporation the amount of any taxes that the
Corporation is required to withhold with respect to such shares, or, in lieu thereof, to retain, or sell without notice, a sufficient number of such shares to cover the amount required to be withheld.
Upon the disposition (within the meaning of Section 424(c) of the Code) of shares of Common Stock acquired pursuant to the exercise of an incentive stock option prior to the expiration of the
holding period requirements of Section 422(a)(1) of the Code, the employee shall be required to give notice to the Corporation of such disposition and the Corporation shall have the right to
require the payment of the amount of any taxes that are required by law to be withheld with respect to such disposition. 

        (b)  Upon
termination of the Restricted Period with respect to any restricted shares (or such earlier time, if any, as an election is made by the employee under
Section 83(b) of the Code, or any successor provisions thereto, to include the value of such shares in taxable income), the Corporation shall have the right to require the employee or other
person receiving shares of Common Stock in respect of such restricted shares to pay to the Corporation the amount of taxes that the Corporation is required to withhold with respect to such shares of
Common Stock or, in lieu thereof, to retain or sell without notice a sufficient number of shares of Common Stock held by it to cover the amount required to be withheld. The Corporation shall have the
right to deduct from all dividends paid with respect to restricted shares the amount of taxes that the Corporation is required to withhold with respect to such dividend payments. 

        20.    Written Agreements    

        Each
award of options, rights, restricted shares or performance units shall be evidenced by a written agreement, executed by the employee and the Corporation, which shall contain such
restrictions, terms and conditions as the Committee may require. 

        21.    Effect on Other Stock Plans    

        The
adoption of the 2003 Plan shall have no effect on awards made or to be made pursuant to other plans covering employees of the Corporation or its subsidiaries, or any predecessors or
successors thereto. 

        22.    Change in Control    

        (a)  For
purposes of this 2003 Plan, the phrase "Change in Control" means a change in ownership or control of the Corporation or Haggar Clothing Co. effected through any of
the following means: 

          (i)  a
merger or consolidation of the Corporation or Haggar Clothing Co. with or into another entity, or the exchange of securities (other than a merger or consolidation) by
the holders of the voting securities of the Corporation or Haggar Clothing Co. and the holders of voting securities of any other entity, in which the stockholders of the Corporation or Haggar Clothing
Co. immediately before the transaction do not own 50% or more of the combined voting power of the voting securities of the surviving entity or its parent immediately after the transaction; 

14

 

        (ii)  any
merger in which the Corporation or Haggar Clothing Co. is the surviving entity but in which securities possessing more than fifty percent (50%) of the total
combined voting power of the Corporation's or Haggar Clothing Co.'s outstanding securities are transferred to a person or persons different from the persons holding those securities immediately prior
to such merger; 

        (iii)  the
sale, transfer or other disposition of all or substantially all of the assets of the Corporation or Haggar Clothing Co. in complete liquidation or dissolution of
the Corporation or Haggar Clothing Co.; 

        (iv)  the
acquisition by any "person" or "group" of "beneficial ownership" (as each such term is used in Regulation 13D promulgated under the 1934 Act) of securities
possessing more than fifty percent (50%) of the total combined voting power of the Corporation's or Haggar Clothing Co.'s outstanding securities pursuant to a tender or exchange offer made to the
Corporation's or Haggar Clothing Co.'s stockholders the acceptance of which the Board has not recommended; or 

        (v)  a
change in the composition of the Board such that individuals who on the day immediately following the effective date of the 2003 Plan (the "Determination Date")
constitute the members of the Board and any new director, whose election to the Board or nomination for election to the Board by the Corporation's stockholders was approved by a vote of at least a
majority of the directors then in office who either were directors at the Determination Date or whose election or nomination for election was previously so approved, cease for any reason to constitute
at least a majority of the Board. 

        (b)  Upon
the occurrence of a Change in Control, with respect only to awards held by individuals who are employees or directors of the Corporation (and their permitted
transferees pursuant to paragraph 11) at the occurrence of the Change in Control, (i) all outstanding rights and options shall immediately become fully vested and exercisable in full,
including that portion of any 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 Common Stock to
which a right or an option relates is referred to herein as the "Total Shares"); (ii) the restriction period of any restricted shares shall immediately be accelerated and the restrictions shall
expire; and (iii) the target payout opportunity attainable under the performance units will be deemed to have been fully earned for all Incentive Periods upon the occurrence of the Change in
Control and the award holder will be paid a pro rata portion of all associated targeted payout opportunities (based on the number of complete and partial calendar months elapsed as of the occurrence
of the Change in Control). Nothing in this paragraph 22(b) shall impose on a holder the obligation to exercise any award immediately before or upon the Change of Control, nor shall the holder
forfeit the right to exercise the award during the remainder of the original term of the award because of a Change in Control or because the holder's employment is terminated for any reason following
a Change in Control. 

        (c)  The
Corporation shall attempt to keep all holders informed with respect to any Change in Control to the same extent that the Corporation's stockholders are informed by
the Corporation of any such event. 

        23.    Headings    

        Headings
in this 2003 Plan are inserted for convenience only and are not to be considered in the construction of the provisions hereof. 

15

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Exhibit 4.5

HAGGAR CORP. 2003 LONG TERM INCENTIVE PLANQuickLinks
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EXHIBIT 4.3  

 
 

RESTATED AND AMENDED
  ACCESS ANYTIME BANCORP, INC.
  1997 STOCK OPTION AND INCENTIVE PLAN    
  

 
 

I. PURPOSE    
  

        The purpose of the ACCESS ANYTIME BANCORP, INC. 1997 STOCK OPTION AND INCENTIVE PLAN (the "Plan") is to
provide a means through which Access Anytime Bancorp, Inc., a Delaware corporation (the "Company"), and its subsidiaries, may attract and retain
the best available personnel as officers, directors and employees of the Company and its subsidiaries and to provide a means whereby those individuals upon whom the responsibilities of the successful
administration and management of the Company and its subsidiaries rest, and whose present and potential contributions to the welfare of the Company and its subsidiaries are of importance, can acquire
and maintain stock ownership, thereby strengthening their concern for the welfare of the Company and its subsidiaries and their desire to remain in the Company's and its subsidiaries' employ. A
further purpose of the Plan is to provide such individuals with additional incentive and reward opportunities designed to enhance the profitable growth of the Company. Accordingly, the Plan provides
for granting Incentive Stock Options, options which do not constitute Incentive Stock Options, Stock Appreciation Rights, or any combination of the foregoing, as is best suited to the circumstances of
the particular individual as provided herein. 

 
 

II. DEFINITIONS    
  

        The following definitions shall be applicable throughout the Plan unless specifically modified by any paragraph: 

        (a)    "Affiliates" means any "parent corporation" of the Company and any "subsidiary" of the Company within the meaning of Code
Sections 424(e) and (f) respectively. 

        (b)    "Award" means, individually or collectively, any Option or Stock Appreciation Right. 

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

        (d)    "Change of Control" means the occurrence of any of the following events: (i) the Company shall not be the
surviving entity in any merger, consolidation or other reorganization (or survives only as a subsidiary of an entity other than a previously wholly-owned subsidiary of the Company), (ii) the
Company sells, leases or exchanges all or substantially all of its assets to any other person or entity (other than a wholly-owned subsidiary of the Company), (iii) the Company is to be
dissolved and liquidated, (iv) any person or entity, including a "group" as contemplated by Section 13(d)(3) of the 1934 Act, acquires or gains ownership or control (including, without
limitation, power to vote) of more than 50% of the outstanding shares of the Company's voting stock (based upon voting power), or (v) as a result of or in connection with a contested election
of directors, the persons who were directors of the Company before such election shall cease to constitute a majority of the Board. 

        (e)    "Change of Control Value" shall mean (i) the per share price offered to stockholders of the Company in any such
merger, consolidation, reorganization, sale of assets or dissolution transaction, (ii) the price per share offered to stockholders of the Company in any tender offer or exchange offer whereby a
Change of Control takes place, or (iii) if such Change of Control occurs other than pursuant to a tender or exchange offer, the Fair Market Value per share of the shares into which Awards are
exercisable, as determined by the Committee, whichever is applicable. In the event that the consideration offered to stockholders of the Company consists of anything other than cash, the Committee
shall determine the fair cash equivalent of the portion of the consideration offered which is other than cash. 

        (f)    "Code" means the Internal Revenue Code of 1986, as amended. Reference in the Plan to any section of the Code shall be
deemed to include any amendments or successor provisions to any section and any regulations under such section. 

        (g)    "Committee" means the Stock Committee of the Board. If the Company is governed by Section 16 of the 1934 Act, no
director shall serve as a member of the Committee unless he or she is a "Non-Employee Director" within the meaning of Rule 16b-3 promulgated by the Securities and
Exchange Commission (the "Commission") under the 1934 Act. 

        (h)    "Company" means Access Anytime Bancorp, Inc.. 

        (i)    "Director" means an individual elected to the Board by the stockholders of the Company or by the Board under applicable
corporate law who is serving on the Board on the date the Plan is adopted by the Board or is elected to the Board after such date. 

        (j)    An
"employee" means any person (including an officer or a Director) employed on a full-time basis by the
Employer. 

        (k)    "Employer" means the Company, an Affiliate or any Subsidiary. 

        (1)    "Fair Market Value" means, as of any specified date, the mean of the high and low sales prices of the Stock
(i) reported by any interdealer quotation system on which the Stock is quoted on that date or (ii) if the Stock is listed on a national stock exchange, reported on the stock exchange
composite tape on that date; or, in either case, if no prices are reported on that date, on the last preceding date on which such prices of the Stock are so reported. If the Stock is traded over the
counter at the time a determination of its fair market value is required to be made hereunder, its fair market value shall be deemed to be equal to the average between the reported high and low or
closing bid and asked prices of Stock on the most recent date on which Stock was publicly traded. In the event Stock is not publicly traded at the time a determination of its value is required to be
made hereunder, the determination of its fair market value shall be made by the Committee in such manner as it deems appropriate. 

        (m)    "Holder" means an employee who has been granted an Award. 

        (n)    "Incentive Stock Option" means an incentive stock option within the meaning of section 422(b) of the Code. 

        (o)    "1934 Act" means the Securities Exchange Act of 1934, as amended. 

        (p)    "Nonqualified Stock Option" means an option granted under Paragraph VII of the Plan to purchase Stock which does
not constitute an Incentive Stock Option, 

        (q)    "Option" means an Award granted under Paragraph VII of the Plan and includes both Incentive Stock Options to
purchase Stock and Nonqualified Stock Options to purchase Stock. 

        (r)    "Option Agreement" means a written agreement between the Company and a Holder with respect to an Option. 

        (s)    "Plan" means the Access Anytime Bancorp, Inc. 1997 Stock Option and Incentive Plan, as amended from time to time. 

        (t)    "Rule 16b-3" means SEC Rule 16b-3 promulgated under the 1934 Act, as such may be
amended from time to time, and any successor rule, regulation or statute fulfilling the same or a similar function. 

        (u)    "Spread" means, in the case of a Stock Appreciation Right, an amount equal to the excess, if any, of the Fair Market
Value of a share of Stock on the date such right is exercised over the exercise price of such Stock Appreciation Right; provided, however, the Committee may establish, in its sole discretion, in any
Stock Appreciation Rights Agreement, the maximum amount of Spread attributable to a Stock Appreciation Right. 

        (v)    "Stock" means the common stock, $0.01 par value, of the Company. 

        (w)    "Stock Appreciation Right" means an Award granted under Paragraph VIII of the Plan. 

        (x)    "Stock Appreciation Rights Agreement" means a written agreement between the Company and a Holder with respect to an Award
of Stock Appreciation Rights. 

        (y)    "Subsidiary" means any corporation or entity of which more than 50% of the outstanding securities or ownership interests
having ordinary voting power to elect a majority of the members of the Board of Directors, or persons in similar capacity of such corporation or entity, is, directly or indirectly owned by the
Company. 

 
 

III. EFFECTIVE DATE AND DURATION OF THE PLAN    
  

        The Plan shall be effective upon the date of its adoption by the Board, provided that the Plan is approved by the stockholders of the Company within twelve months
thereafter. No further Awards may be granted under the Plan after the expiration of ten years from the date of its adoption by the Board. The Plan shall remain in effect until all Awards granted under
the Plan have been satisfied or expired. The amendment to the Plan increasing the authorized shares by 100,000 shares shall be effective upon approval by the stockholders of the Company. 

 
 

IV. ADMINISTRATION    
  

        (a)    Committee. The Plan shall be administered by the Committee. 

        (b)    Powers. Subject to the provisions of the Plan, the Committee shall have sole authority, in its discretion, to determine
which employees shall receive an Award, the time or times when such Award shall be made, whether an Incentive Stock Option, Nonqualified Option or Stock Appreciation Right shall be granted, and the
number of shares of Stock which may be issued under each Option or Stock Appreciation Right. In making such determinations, the Committee may take into account the nature of the services rendered by
the respective employees, their present and potential contributions to the Employer's success and such other factors as the Committee in its discretion shall deem relevant. 

        (c)    Additional Powers. The Committee shall have such additional powers as are delegated to it by the other provisions of the
Plan. Subject to the express provisions of the Plan, the Committee is authorized to construe the Plan and the respective agreements executed thereunder, to prescribe such rules and regulations
relating to the Plan as it may deem advisable to carry out the Plan, and to determine the terms, restrictions and provisions of each Award, including such terms, restrictions and provisions as shall
be requisite in the judgment of the Committee to cause designated Options to qualify as Incentive Stock Options, and to make all other determinations necessary or advisable for administering the Plan.
The Committee may correct any defect or supply any omission or reconcile any inconsistency in any agreement relating to an Award in the manner and to the extent it shall deem expedient to carry it
into effect. The determinations of the Committee on the matters referred to in this Article IV shall be conclusive. 

        (d)    Expenses. All expenses and liabilities incurred by the Committee in the administration of this Plan shall be borne by the
Company. The Committee may employ attorneys, consultants, accountants or other persons to assist the Committee in the carrying out of its duties hereunder. 

 
 

V. STOCK SUBJECT TO THE PLAN    
  

        (a)    Stock Grant and Award Limits. The Committee may from time to time grant Awards to one or more employees determined by it
to be eligible for participation in the Plan in accordance with the provisions
of Paragraph VI. Subject to Paragraph IX, the aggregate number of shares of Stock that may be issued under the Plan shall not exceed 283,600 shares (reflecting the effect of the 2% stock
dividend of October 31, 1997, and an additional 100,000 shares pursuant to amendment to the Plan). Shares of Stock shall be deemed to have been issued under the Plan only to the extent actually
issued and delivered pursuant to an Award. To the extent that an Award lapses or the rights of its Holder terminate or the Award is to only be paid in cash or is paid in cash, any shares of Stock
subject to such 

Award shall again be available for the grant of an Award. To the extent that an Award lapses or the rights of its Holder terminate, any shares of Stock subject to such Award shall again be available
for the grant of an Award. Separate stock certificates shall be issued by the Company for those shares acquired pursuant to the exercise of an Incentive Stock Option and for those shares acquired
pursuant to the exercise of a Nonqualified Stock Option. 

        (b)    Stock Offered. The stock to be offered pursuant to the grant of an Award may be authorized but unissued Stock or Stock
previously issued and outstanding and reacquired by the Company. 

 
 

VI. ELIGIBILITY    
  

        Awards may be granted only to persons who, at the time of grant, are officers, directors or other key employees. An Award may be granted on more than one occasion
to the same person, and, subject to the limitations set forth in the Plan, such Award may include an Incentive Stock Option or a Nonqualified Stock Option, a Stock Appreciation Right or any
combination thereof. 

 
 

VII. STOCK OPTIONS    
  

        (a)    Option Period. The term of each Option shall be as specified by the Committee at the date of grant. 

        (b)    Limitations on Exercise of Option. An Option shall be exercisable in whole or in such installments and at such times as
determined by the Committee. No Incentive Stock Option granted pursuant to this Plan shall be exercised by any Holder while there is outstanding any other Incentive Stock Option which was granted
prior to the date of grant of such Incentive Stock Option to such Holder, whether pursuant to this Plan or any other plan of the Company. In the event that any additional Incentive Stock Option is
granted at a later date pursuant to the Plan to any Holder, the instrument evidencing any such additional Incentive Stock Option shall include the following provisions: 

        "This
incentive stock option is not exercisable while there is outstanding any incentive stock option which was granted prior to the date of the grant hereof to the holder of this
incentive stock option to purchase shares of common stock of Access Anytime BanCorp, Inc. or any of its subsidiaries." 

        (c)    Special Limitations on Incentive Stock Options. No Incentive Stock Option may be granted to any Director who is not an
employee. To the extent that the aggregate Fair Market Value (determined at the time the respective Incentive Stock Option is granted) of Stock with respect to which Incentive Stock Options are
exercisable for the first time by an individual during any calendar year under all incentive stock option plans of the Company and its Affiliates exceeds $100,000, such Incentive Stock Options shall
be treated as Nonqualified Stock Options as determined by the Committee. The Committee shall determine, in accordance with applicable provisions of the Code, Treasury Regulations and other
administrative pronouncements, which of an optionee's Incentive Stock Options will not constitute Incentive Stock Options because of such limitation and shall notify the optionee of such determination
as soon as practicable after such determination. No Incentive Stock Option shall be granted to an individual if, at the time the Option is granted, such individual owns stock possessing more than 10%
of the total combined voting power of all classes of stock of the Company or of its parent or subsidiary corporation, within the meaning of section 422(b)(6) of the Code, unless (i) at
the time such Option is granted the option price is at least 110% of the Fair Market Value of the Stock subject to the Option and (ii) such Option by its terms is not exercisable after the
expiration of five years from the date of grant. 

        (d)    Option Agreement. Each Option shall be evidenced by an Option Agreement in such form and containing such provisions not
inconsistent with the provisions of the Plan as the Committee from time to time shall approve, including, without limitation, provisions to qualify an Incentive Stock Option under section 422
of the Code. An Option Agreement may provide for the payment of the option price, in whole or in part, in cash or by the delivery of a number of shares of Stock (plus cash if necessary) having a Fair
Market Value equal to such option price. Each Option shall specify the effect of termination of employment (by retirement, disability, death or otherwise) on the exercisability of the 

Option. Moreover, subject to the restrictions imposed by the Sarbanes-Oxley Act of 2002, an Option Agreement may provide for a "cashless exercise" of the Option. Such Option Agreement may also
include, without limitation, provisions relating to (1) vesting of Options, subject to the provisions hereof accelerating such vesting on a Change of Control, (ii) tax matters (including
provisions (y) permitting the delivery of additional shares of Stock or the withholding of shares of Stock from those acquired upon exercise to satisfy federal or state income tax withholding
requirements and (z) dealing with any other applicable employee wage withholding requirements), and (iii) any other matters not inconsistent with the terms and provisions of this Plan
that the Committee shall in its sole discretion determine. The terms and conditions of the respective Option Agreements need not be identical. 

        (e)    Option Price and Payment. The price at which a share of Stock may be purchased upon exercise of an Option shall be
determined by the Committee, but (i) such purchase price shall not be less than the Fair Market Value of Stock subject to an Incentive Stock Option on the date the Incentive Stock Option is
granted and (ii) such purchase price shall be subject to adjustment as provided in Paragraph IX. The Option or portion thereof may be exercised by delivery of an irrevocable notice of
exercise to the Company. The purchase price of the Option or portion thereof shall be paid in fill in the manner prescribed by the Committee. 

        (f)    Stockholder Rights and Privileges. The Holder shall be entitled to all the privileges and rights of a stockholder only
with respect to such shares of Stock as have been purchased under the Option and for which certificates of stock have been registered in the Holder's name. 

        (g)    Options and Rights in Substitution for Stock Options Granted by Other Corporations. Options and Stock Appreciation Rights
may be granted under the Plan from time to time in substitution for stock options held by individuals employed by corporations who become employees as a result of a merger or consolidation of the
employing corporation with the Company, an Affiliate, or any Subsidiary, or the acquisition by the Company, an Affiliate or a Subsidiary of the assets of the employing corporation, or the acquisition
by the Company, an Affiliate or a Subsidiary of stock of the employing corporation with the result that such employing corporation becomes a Subsidiary. 

        (h)    Effect of Termination of Employment, Disability or Death.

        1.    Termination of Employment.    In the event that a Holder's employment by the Company shall terminate for any
reason, other than disability or death, all of any such Holder's Incentive Stock Options, and all of any such Holder's rights to purchase or receive shares of Stock pursuant thereto, as the case may
be, shall automatically terminate on the date of such termination of employment. However, no termination of a Holder's Incentive Stock Options shall occur if, and to the extent that, the Committee
authorizes the Holder to exercise any such Incentive Stock Options at any time prior to the earlier of (i) the respective expiration dates of any such Incentive Stock Options, or
(ii) the expiration of not more than three (3) months after the date of such termination of employment, but only if, and to the extent that, the Holder was entitled to exercise any such
Incentive Stock Options at the date of such termination of employment. In the event that an Affiliate or Subsidiary ceases to be an Affiliate or Subsidiary, the employment of all of its employees who
are not immediately thereafter employees of the Company shall be deemed to terminate upon the date such Affiliate or Subsidiary ceases to be an Affiliate or Subsidiary. 

        2.    Disability.    In the event of the determination of disability of a Holder while the Holder is employed by the
Company, the Incentive Stock Options previously granted to him may be exercised (to the extent he or she would have been entitled to do so at the date of the determination of disability) at any time
and from time to time, within a one year period after the date of such determination of disability, by the former employee, but in no event may the Incentive Stock Option be exercised after its
expiration under the terms of the Option Agreement. An Optionee shall be deemed to be disabled if, in the opinion of a physician selected by the Committee, he or she is incapable of performing
services for the Company of the kind he or she was performing at the time the disability occurred by reason of any medically determinable physical or mental impairment which can be expected to result
in death or to be of long, continued and indefinite duration. The date of determination of disability for purposes hereof shall be the date of such determination by such physician. 

        3.    Death.    In the event of the death of Holder while the Holder is employed by the Company, the Incentive Stock
Options previously granted to him may be exercised (to the extent the Holder would have been entitled to do so at the date of death) at any time and from time to time, within a six (6) month
period after the date of death (or such later period not exceeding one (1) year to which the Committee may, in its discretion, extend such period), by the guardian of his estate, the executor
or administrator of his estate or by the person or persons to whom his rights under the option shall pass by will or the laws of descent and distribution, but in no event may the Incentive Stock
Option be exercised after its expiration under the terms of the Option Agreement. 

        4.    Nonqualified Stock Options.    The terms and conditions of Nonqualified Stock Options relating to the effect of
the termination of a Holder's employment or service on the Board, death or disability shall be such terms and conditions as the Committee shall, in its sole discretion, determine at the time of grant
or at the time of such termination, disability or death. 

        (i)    Other Restrictions on Exercise. The Committee may impose additional conditions upon the right of any Holder to exercise
any Option granted hereunder which are not inconsistent with the terms of the Plan or, with respect to Incentive Stock Options, are not inconsistent with the requirements under Code
Section 422. 

 
 

VIII. STOCK APPRECIATION RIGHTS    
  

        (a)    Stock Appreciation Rights. A Stock Appreciation Right is the right to receive an amount equal to the Spread with respect
to a share of Stock upon the exercise of such Stock Appreciation Right. Stock Appreciation Rights may be granted in connection with the grant of an Option, in which case the Option Agreement will
provide that exercise of Stock Appreciation Rights will result in the surrender of the right to purchase the shares under the Option as to which the Stock Appreciation Rights were exercised.
Alternatively, Stock Appreciation Rights may be granted independently of Options in which case each Award of Stock Appreciation Rights shall be evidenced by a Stock Appreciation Rights Agreement which
shall contain such terms and conditions as may be approved by the Committee. The Spread with respect to a Stock Appreciation Right may be payable either in cash, shares of Stock with a Fair Market
Value equal to the Spread or in a combination of cash and shares of Stock. With respect to Stock Appreciation Rights that are subject to Section 16 of the 1934 Act, however, the Committee
shall, except as provided in Paragraph IX.(c), retain sole discretion (i) to determine the form in which payment of the Stock Appreciation Right will be made  (i.e., cash, securities or any
combination thereof) or (ii) to approve an election by a Holder to receive cash in full or partial settlement of
Stock
Appreciation Rights. Each Stock Appreciation Rights Agreement shall specify the effect of termination of employment (by retirement, disability, death or otherwise) on the exercisability of the Stock
Appreciation Rights. 

        (b)    Other Terms and Conditions. At the time of such Award, the Committee may, in its sole discretion, prescribe additional
terms, conditions or restrictions relating to Stock Appreciation Rights. Such additional terms, conditions or restrictions shall be set forth in the Stock Appreciation Rights Agreement made in
conjunction with the Award. Such Stock Appreciation Rights Agreements may also include, without limitation, provisions relating to (i) vesting of Awards, subject to the provisions hereof
accelerating vesting on a Change of Control, (ii) tax matters (including provisions covering applicable wage withholding requirements), and (iii) any other matters not inconsistent with
the terms and provisions of this Plan, that the Committee shall in its sole discretion determine. The terms and conditions of the respective Stock Appreciation Rights Agreements need not be identical. 

        (c)    Exercise Price. The exercise price of each Stock Appreciation Right shall be determined by the Committee, but such
exercise price shall be subject to adjustment as provided in Paragraph IX. 

        (d)    Exercise Period. The term of each Stock Appreciation Right shall be as specified by the Committee at the date of grant. 

        (e)    Limitations on Exercise of Stock Appreciation Right. A Stock Appreciation Right shall be exercisable in whole or in such
installments and at such times as determined by the Committee. 

 
 

IX. RECAPITALIZATION OR REORGANIZATION    
  

        (a)    The
shares with respect to which Awards may be granted are shares of Stock as presently constituted, but if, and whenever, prior to the expiration of an Award
theretofore granted, the Company shall effect a subdivision or consolidation by the Company, the number of shares of Stock with respect to which such Award may thereafter be exercised or satisfied, as
applicable, (i) in the event of an increase in the number of outstanding shares shall be proportionately increased, and the purchase price per share shall be proportionately reduced, and
(ii) in the event of a reduction in the number of outstanding shares shall be proportionately reduced, and the purchase price per share shall be proportionately increased. 

        (b)    If
the Company recapitalizes or otherwise changes its capital structure, thereafter upon any exercise or satisfaction, as applicable, of an Award theretofore granted the
Holder shall be entitled to (or entitled to purchase, if applicable) under such Award, in lieu of the number of shares of Stock then covered by such Award, the number and class of shares of stock and
securities to which the Holder would have been entitled pursuant to the terms of the recapitalization if, immediately prior to such recapitalization, the Holder had been the holder of record of the
number of shares of Stock then covered by such Award. 

        (c)    In
the event of a Change of Control, all outstanding Awards shall immediately vest and become exercisable or satisfiable, as applicable. The Committee, in its
discretion, may determine that upon the occurrence of a Change of Control, each Award other than an Option outstanding hereunder shall terminate within a specified number of days after notice to the
Holder, and such Holder shall receive, with respect to each share of Stock subject to such Award, cash in an amount equal to the excess, if any, of the Change of Control Value over any exercise price
or purchase price paid, if applicable. Further, in the event of a Change of Control, the Committee, in its discretion, shall act to effect one or more of the following alternatives with respect to
outstanding Options, which may vary among individual Holders and which may vary among Options held by any individual Holder: (1) determine a limited period of time on or before a specified date
(before or after such Change of Control) after which specified date all unexercised Options and all rights of Holders thereunder shall terminate, (2) require the mandatory surrender to the
Company by selected Holders of some or all of the outstanding Options held by such Holders (irrespective of whether such Options are then exercisable under the provisions of the Plan) as of a date,
before or after such Change of Control, specified by the Committee, in which event the Committee shall thereupon cancel such Options and the Company shall pay to each Holder an amount of cash per
share equal to the excess, if any, of the Change of Control Value of the shares subject to such Option over the exercise price(s) under such Options for such shares, (3) make such adjustments
to Options then outstanding as the Committee deems appropriate to reflect such Change of Control (provided, however, that the Committee may determine in its sole discretion that no adjustment is
necessary to Options then outstanding), or (4) provide that thereafter upon any exercise of an Option theretofore granted the Holder shall be entitled to purchase under such Option, in lieu of
the number of shares of Stock then covered by such Option, the number and class of shares of stock or other securities or property (including, without limitation, cash) to which the Holder would have
been entitled pursuant to the terms of the agreement of merger, consolidation or sale of assets and dissolution if, immediately prior to such merger, consolidation or sale of assets and dissolution
the Holder has been the holder of record of the number of shares of Stock then covered by such Option. The provisions contained in this paragraph shall not terminate any rights of the Holder to
further payments pursuant to any other agreement with the Company following a Change of Control. 

        (d)    In
the event of changes in the outstanding Stock by reason of recapitalization, reorganizations, mergers, consolidations, combinations, exchanges or other relevant
changes in capitalization occurring after the date of the grant of any Award and not otherwise provided for by this Paragraph IX, any outstanding Awards and any agreements evidencing such
Awards shall be subject to adjustment by the Committee at its discretion as to the number and price of shares of Stock or other consideration subject to such Awards. In the event of any such change in
the outstanding Stock, the 

aggregate number of shares available under the Plan may be appropriately adjusted by the Committee, whose determination shall be conclusive. 

        (e)    The
existence of the Plan and the Awards granted hereunder shall not affect in any way the right or power of the Board or the stockholders of the Company to make or
authorize any adjustment, recapitalization, reorganization or other change in the Company's capital structure or its business, any merger or consolidation of the Company, any issue of debt or equity
securities ahead of or affecting Stock or the rights thereof, the dissolution or liquidation of the Company or any sale, lease, exchange or other disposition of all or any part of its assets or
business or any other corporate act or proceeding. 

        (f)    Any
adjustment provided for in Subparagraphs (a), (b), (c) or (d) above shall be subject to any required stockholder action. 

        (g)    Except
as hereinbefore expressly provided, the issuance by the Company of shares of stock of any class or securities convertible into shares of stock of any class, for
cash, property, labor or services, upon direct sale, upon the exercise of rights or warrants to subscribe therefor, or upon conversion of shares of obligations of the Company convertible into such
shares or other securities, and in any case whether or not for fair value, shall not affect, and no adjustment by reason thereof shall be made with respect to, the number of shares of Stock subject to
Awards theretofore granted or the purchase price per share, if applicable. 

 
 

X. AMENDMENT AND TERMINATION OF THE PLAN    
  

        The Board in its discretion may terminate the Plan at any time with respect to any shares for which Awards have not theretofore been granted. The Board shall have
the right to alter or amend the Plan or any part thereof from time to time; provided that no change in any Award theretofore granted may be made which would impair the rights of the Holder without the
consent of the Holder (unless such change is required in order to cause the benefits under the Plan to qualify as performance-based compensation within the meaning of section 162(m) of the Code
and applicable interpretive authority thereunder), and provided, further, that the Board may not, without approval of the stockholders, amend the Plan: 

        (a)    to
increase the maximum number of shares which may be issued on exercise or surrender of an Award, except as provided in Paragraph IX; 

        (b)    to
change the class of employees eligible to receive Awards or materially increase the benefits accruing to employees under the Plan; 

        (c)    to
extend the maximum period during which Awards may be granted under the Plan; 

        (d)    to
modify materially the requirements as to eligibility for participation in the Plan; or 

        (e)    to
decrease any authority granted to the Committee hereunder in contravention of Rule 16b-3. 

 
 

XI. MISCELLANEOUS    
  

        (a)    No Right to An Award. Neither the adoption of the Plan by the Company nor any action of the Board or the Committee shall
be deemed to give an employee any right to be granted an Option, a right to a Stock Appreciation Right, or any of the rights hereunder except as may be evidenced by an Award or by an Option Agreement
or Stock Appreciation Rights Agreement on behalf of the Company, and then only to the extent and on the terms and conditions expressly set forth therein. The Plan shall be unfunded. The Company shall
not be required to establish any special or separate fund or to make any other segregation of funds or assets to assure the payment of any Award. 

        (b)    Employees' Rights Unsecured. The right of an employee to receive Stock, cash or any other payment under this Plan shall
be an unsecured claim against the general assets of the Company. The Company may, but shall not be obligated to, acquire shares of Stock from time to time in anticipation of its obligations under this
Plan, but a Participant shall have no right in or against any shares of Stock 

so acquired. All Stock shall constitute the general assets of the Company and may be disposed of by the Company at such time and for such purposes as it deems appropriate. 

        (c)    No Employment Rights Conferred. Nothing contained in the Plan shall (i) confer upon any employee any right with
respect to continuation of employment with any Employer or (ii) interfere in any way with the right of any Employer to terminate an employee's employment at any time. 

        (d)    Other Laws: Withholding. The Company shall not be obligated to issue any Stock pursuant to any Award granted under the
Plan at any time when the shares covered by such Award have not been registered under the Securities Act of 1933 and such other state and federal laws, rules or regulations as the Company or the
Committee deems applicable and, in the opinion of legal counsel for the Company, there is no exemption from the registration requirements of such laws, rules or regulations available for the issuance
and sale of such shares. Unless the Awards and Stock covered by this Plan have been registered under the Securities Act of 1993, or the Company has determined that such registration is unnecessary,
each Holder exercising an Award under this Plan may be required by the Company to give representation in writing that such Holder is acquiring such shares for his or her own
account for investment and not with a view to, or for sale in connection with, the distribution of any part thereof No fractional shares of Stock shall be delivered, nor shall any cash in lieu of
fractional shares be paid. The Company shall have the right to deduct in connection with all Awards any taxes required by law to be withheld and to require any payments required to enable it to
satisfy its withholding obligations. 

        (e)    No Restriction on Corporate Action. Nothing contained in the Plan shall be construed to prevent the Company, an Affiliate
or any Subsidiary from taking any corporate action which is deemed by the Company, an Affiliate or any Subsidiary to be appropriate or in its best interest, whether or not such action would have an
adverse effect on the Plan or any Award made under the Plan. No employee, beneficiary or other person shall have any claim against the Company, an Affiliate or any Subsidiary as a result of any such
action. 

        (f)    Restrictions on Transfer. An Award shall not be transferable otherwise than by will or the laws of descent and
distribution and shall be exercisable during the Holder's lifetime only by such Holder or the Holder's guardian or legal representative. 

        (g)    Beneficiary Designation. Each Holder may name, from time to time, any beneficiary or beneficiaries (who may be named
contingently or successively) to whom any benefit under the Plan is to be paid in case of his or her death before he or she receives any or all of such benefit. Each designation will revoke all prior
designations by the same Holder, shall be in a form prescribed by the Committee, and will be effective only when filed by the Holder in writing with the Committee during his lifetime. In the absence
of any such designation, benefits remaining unpaid at the Holder's death shall be paid to his estate. 

        (h)    Rule 16b-3. It is intended that the Plan and any grant of an Award made to a person subject to
Section 16 of the 1934 Act meet all of the requirements of Rule 16b-3. If any provision of the Plan or any such Award would disqualify the Plan or such Award under, or would
otherwise not comply with, Rule 16b-3, such provision or Award shall be construed or deemed amended to conform to Rule 16b-3. 

        (i)    Section 162(m). If the Plan is subject to Section 162(m) of the Code, it is intended that the Plan comply
fully with and meet all the requirements of Section 162(m) of the Code so that Options and Stock Appreciation Rights granted hereunder shall constitute "performance-based" compensation within
the meaning of such section. If any provision of the Plan would disqualify the Plan or would not otherwise permit the Plan to comply with Section 162(m) as so intended, such provision shall be
construed or deemed amended to conform to the requirements or provisions of Section 162(m); provided that no such construction or amendment shall have an adverse effect on the economic value to
a Holder of any Award previously granted hereunder. 

        (j)    Indemnification. Each person who is or shall have been a member of the Committee or of the Board shall be indemnified and
held harmless by the Company against and from any loss, cost, liability, 

or expense that may be imposed upon or reasonably incurred by him in connection with or resulting from any claim, action, suit, or proceeding to which he may be a party or in which he may be involved
by reason of any action taken or failure to act under the Plan and against and from any and all amounts paid by him in settlement thereof, with the Company's approval, or paid by him in satisfaction
of any judgment in any such action, suit, or proceeding against him, provided he shall give the Company an opportunity, at its own expense, to handle and defend the same before he undertakes to handle
and defend it on his own behalf. The foregoing right of indemnification shall not be exclusive of any other rights of indemnification to which such persons may be entitled under the Company's Articles
of Incorporation or Bylaws, as a matter of law, under separate indemnification agreements, or otherwise, or any power that the Company may have to indemnify them or hold them harmless. 

        (k)Governing Law. This Plan shall be construed in accordance with the laws of the State of Delaware. 

        IN
WITNESS WHEREOF, and as conclusive evidence of the adoption of the foregoing by the Board, Access Anytime Bancorp, Inc. has caused this document to be duly executed in its name
and behalf by its proper officer thereunto duly authorized as of this 25th day of April, 2003. 

	

 	
 	

By: /s/  NORM CORZINE      
 Name: Norm Corzine

Title: Chairman/Chief Executive Officer

QuickLinks

RESTATED AND AMENDED ACCESS ANYTIME BANCORP, INC. 1997 STOCK OPTION AND INCENTIVE PLAN

I. PURPOSE

II. DEFINITIONS

III. EFFECTIVE DATE AND DURATION OF THE PLAN

IV. ADMINISTRATION

V. STOCK SUBJECT TO THE PLAN

VI. ELIGIBILITY

VII. STOCK OPTIONS

VIII. STOCK APPRECIATION RIGHTS

IX. RECAPITALIZATION OR REORGANIZATION

X. AMENDMENT AND TERMINATION OF THE PLAN

XI. MISCELLANEOUS

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