Document:

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                                                                    EXHIBIT 10.1

                                 TBC CORPORATION

                              AMENDED AND RESTATED
                            1989 STOCK INCENTIVE PLAN

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Effective April 27, 1989
Amended April 26, 1990 and April 23, 1992
Amended and Restated April 23, 1997
Amended and Restated August 9, 2002
Amended and Restated July 1, 2005

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                                Table of Contents

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Section  1.   Purpose................................................    1

Section  2.   Definitions............................................    1

Section  3.   Shares Subject to the Plan.............................    4

Section  4.   Administration.........................................    5

Section  5.   Eligibility............................................    5

Section  6.   Options................................................    6

Section  7.   Restricted Share Awards................................    8

Section  8.   Performance Awards.....................................   10

Section  9.   Stock Appreciation Rights..............................   12

Section 10.   Restricted Shares for Eligible Directors...............   13

Section 11.   Non-Assignability of Incentive Awards..................   17

Section 12.   Change of Control......................................   17

Section 13.   Taxes..................................................   18

Section 14.   Compliance with Laws and Exchange Requirements.........   19

Section 15.   Amendment and Termination of Plan......................   19

Section 16.   Notices................................................   19

Section 17.   Benefits of Plan.......................................   20

Section 18.   Pronouns and Plurals...................................   20

Section 19.   Stockholder Approval and Term of Plan..................   20
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                            1989 STOCK INCENTIVE PLAN

SECTION 1. PURPOSE.

      The purpose of this 1989 Stock Incentive Plan (the "Plan") is to promote
the long-term success of TBC Corporation (the "Company") by providing financial
incentives to officers, key employees and non-employee directors of the Company
and its subsidiaries who are in positions to make significant contributions
toward such success. The Plan is designed to attract individuals of outstanding
ability to employment with the Company and its subsidiaries and to encourage
such individuals to acquire a proprietary interest in the Company through stock
ownership, to continue employment with the Company and its subsidiaries, and to
render superior performance during such employment. To accomplish the purposes
of the Plan, the Board of Directors of the Company may grant Incentive Awards,
as hereinafter defined, in such amounts and on such conditions as it deems
appropriate, subject to the provisions of the Plan.

SECTION 2. DEFINITIONS.

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

      (b) "Change of Control" means and shall be deemed to have occurred on (i)
the date upon which the Company is provided a copy of a Schedule 13D, filed
pursuant to Section 13(d) of the Securities Exchange Act of 1934 indicating that
a group or person, as defined in Rule 13d-3 under said Act, has become the
beneficial owner of 20% or more of the outstanding Voting Shares of the Company
or the date upon which the Company first learns that a person or group has
become the beneficial owner of 20% or more of the outstanding Voting Shares of
the Company if a Schedule 13D is not filed; (ii) the date of a change in the
composition of the Board such that individuals who were members of the Board on
the date two years prior to such change (or who were subsequently elected to
fill a vacancy in the Board, or were subsequently nominated for election by the
Company's stockholders, by the affirmative vote of at least two-thirds of the
directors then still in office who were directors at the beginning of such two
year period) no longer constitute a majority of the Board; (iii) the date the
stockholders of the Company approve a merger or consolidation of the Company
with any other corporation, other than a merger or consolidation which would
result in the Voting Shares of the Company outstanding immediately prior thereto
continuing to represent (either by remaining outstanding or by being converted
into Voting Shares of the surviving or parent entity) at least 80% of the total
voting power represented by the Voting Shares of the Company or such

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surviving or parent entity outstanding immediately after such merger or
consolidation; or (iv) the date stockholders of the Company approve a plan of
complete Liquidation of the Company or an agreement for the sale or disposition
by the Company of all or substantially all the Company's assets.

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

      (d) "Committee" means the committee referred to in Section 4.

      (e) "Eligible Director" means any director of the Company or any
Subsidiary who is not also an employee of the Company or any Subsidiary.

      (f) "Employee" means officers and any other full-time employees of the
Company or any of its Subsidiaries.

      (g) "Fair Market Value" means the mean of the closing bid and asked
quotations in the over-the-counter market on the date the value of a Share is to
be determined, as reported by the National Association of Securities Dealers,
through NASDAQ; or in the event the Shares are listed on any exchange or on the
NASDAQ National Market System, the closing price on such exchange or in the
over-the-counter market, as reported by the National Association of Securities
Dealers, Inc. through NASDAQ, on the date the value of a Share is to be
determined or, if there are no sales on such date, the mean of the bid and asked
price for Shares on such exchange or in the over-the-counter market, as reported
by the National Association of Securities Deals, Inc. through NASDAQ, at the
close of business on such date. In the event there is no public market for the
Shares, then Fair Market Value of a Share shall be determined by the Committee
by such method as is consistent with the provisions of the Code or the
regulations of the Treasury Department promulgated thereunder.

      (h) "Incentive Award" means an Option, Restricted Share Award (granted
under either Section 7 or Section 10 of the Plan), Performance Award or Stock
Appreciation Right granted under the Plan.

      (i) "Incentive Stock Option" means an Option that is an Incentive Stock
Option, as defined in Section 422 of the Code.

      (j) "Meeting" means the Annual Meeting of the Stockholders of the Company.

      (k) "Nonqualified Stock Option" means an Option that is not an Incentive
Stock Option.

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      (l) "Option" means a right to purchase Shares at a Specified price;
"Optionee" means the holder of an Option.

      (m) "Participant" means an Employee or Eligible Director selected to
receive an Incentive Award.

      (n) "Performance Award" means a right to receive Shares, cash, or a
combination thereof, contingent upon the attainment of performance objectives
determined in the discretion of the Committee as more fully set forth at Section
8 hereof.

      (o) "Restricted Share Award" means a right, granted under either Section 7
or Section 10 hereof, to receive Shares that is nontransferable and subject to
substantial risk of forfeiture until specific conditions are met; "Restricted
Shares" means Shares which are the subject of a Restricted Share Award; and
"Restricted Period" means, in the case of Employees, the period established by
the Committee pursuant to Section 7(a) and, in the case of Eligible Directors,
the period established pursuant to Section 10(b).

      (p) "Shares" means the shares of Common Stock of the Company.

      (q) "Stock Appreciation Right" shall have the meaning set forth at Section
9.

      (r) "Subsidiary" means any entity more than 50% of the voting control of
which is held, directly or indirectly, by the Company.

      (s) "Tax Date" means the date as of which the amount of the withholding
tax payment with respect to the exercise of a Nonqualified Stock Option, the
termination of the Restricted Period of Restricted Shares or the payment of a
Performance Award is calculated.

      (t) "Voting Shares" means any securities of the Company which vote
generally in the election of directors.

      (u) "Valuation Date" means the date that the election to exercise the
Stock Appreciation Right is received by the Committee.

SECTION 3. SHARES SUBJECT TO THE PLAN.

      (a) Maximum Number. The maximum number of Shares that may be subject to
Incentive Awards granted pursuant to the Plan shall be 1,125,000(1) less the
number of Shares subject to options

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(1) Not adjusted for stock splits after the adoption of the Plan.

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granted under the Company's 1983 Stock Option Plan through the date of its
termination on April 27, 1989 and further subject to adjustment in accordance
with Section 3(b). The Shares which may be issued pursuant to Incentive Awards
may be authorized and unissued Shares or Shares held in the Company's treasury.
In the event of a lapse, expiration, termination, or cancellation of any
Incentive Award granted under the Plan without the issuance of Shares or the
payment of cash, or if Shares are issued under a Restricted Share Award and are
reacquired by the Company as a result of rights reserved upon the issuance
thereof, or if the exercise of a Stock Appreciation Right results in the
cancellation of an Option granted in tandem with the Stock Appreciation Right,
the Shares subject to or reserved for such Incentive Award shall no longer be
charged against said maximum number of Shares and may again be used for new
Incentive Awards.

      (b) Recapitalization Adjustment. In the event of any change affecting the
Shares by reason of any stock dividend or split, recapitalization, merger,
consolidation, spin-off, combination or exchange of stock or other corporate
change, or any distribution to a holder of Shares other than ordinary cash
dividends, the Committee shall make such adjustment, if any, as it may deem
appropriate to avoid dilution in the number and kind of shares authorized for
issuance under the Plan, in the number and kind of shares covered by Incentive
Awards and, in the case of options, in the option price.

SECTION 4. ADMINISTRATION.

      (a) Committee. The Plan shall be administered by a Committee of the Board,
comprised of three or more directors, who shall from time to time be appointed
by, and serve at the pleasure of, the Board.

      (b) Authority. The Committee shall have and exercise all the power and
authority granted to it under the Plan. Subject to the provisions of the Plan,
the Committee shall have authority in its sole discretion from time to time (i)
to designate from Employees the persons who shall be granted Incentive Awards;
(ii) to prescribe such limitations, restrictions and conditions upon any such
awards as the Committee shall deem appropriate; (iii) to interpret the Plan and
to adopt, amend and rescind rules and regulations relating to the Plan; and (iv)
to make all other determinations and take all other actions necessary or
advisable for the implementation and administration of the Plan.

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      (c) Committee Actions. A majority of the Committee shall constitute a
quorum, and the acts of a majority of the members present at a meeting at which
a quorum is present, or acts reduced to or approved in writing by all members of
the Committee, shall be acts of the Committee. All such actions shall be final,
conclusive, and binding. No member of the Committee shall be liable for any
action taken or decision made in good faith relating to the Plan or any
Incentive Award thereunder. In the performance of their duties, the members of
this Committee shall be fully protected in relying in good faith upon
information provided by the Company's officers or auditors.

SECTION 5. ELIGIBILITY AND INCENTIVE AWARDS.

      (a) Eligible Employees and Directors. The Committee may grant Incentive
Awards to officers and other key Employees. Incentive Awards shall be granted to
Eligible Directors in accordance with Section 10 hereof.

      (b) Incentive Awards. Incentive Awards may be granted in any one or more
combinations of (i) Incentive Stock Options, (ii) Nonqualified Stock Options,
(iii) Restricted Share Awards, and (iv) Performance Awards. All Incentive Awards
shall be subject to such other terms and conditions as may be established by the
Committee. Determinations by the Committee under the Plan, including, without
limitation, designation of Employees, the form, amount and timing of Incentive
Awards, the terms and provisions of Incentive Awards, and the written agreements
evidencing Incentive Awards, need not be uniform and may be made selectively
among Employees who receive, or are eligible to receive, Incentive Awards
hereunder, whether or not such Employees are similarly situated.

      (c) Employment. The Plan and the Incentive Awards granted hereunder shall
not confer upon any Participant the right to continued employment with the
Company or affect in any way the right of the Company to terminate the
employment of a Participant at any time and for any reason.

SECTION 6. OPTIONS.

      The Committee may grant Incentive Stock Options and Nonqualified Stock
Options and such Options shall be subject to the following terms and conditions
and such other terms and conditions as the Committee may prescribe:

            (a) Written Agreement. The terms and conditions of each Option
      granted under the Plan shall be set forth in a written agreement, the form
      of which shall be approved by the Committee.

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            (b) Option Price. The Option price per Share with respect to each
      Option shall be determined by the Committee but shall not be less than the
      par value of a Share.

            (c) Period of Option. The period of each Option shall be fixed by
      the Committee subject to the limitations in Section 6(e) with respect to
      Incentive Stock Options.

            (d) Exercise of Option. An Option may be exercised with respect to
      all Shares covered thereby or may be exercised with respect to a specified
      number of Shares over a specified period or periods as determined by the
      Committee. Any Shares not purchased during a specified period may be
      purchased thereafter at any time prior to the expiration of the Option
      unless the Committee determines otherwise.

            (e) Limits on Incentive Stock Options.

                  (i) The option price of an Incentive Stock Option shall not be
            less than the Fair Market Value of a Share on the date such option
            is granted.

                  (ii) No Incentive Stock Option shall be granted to an Employee
            who possesses, directly or indirectly, at the time of grant more
            than 10% of the combined voting power of all classes of stock of the
            Company unless the option price is at least 110% of the Fair Market
            Value of the Shares subject to the Option on the date such Option is
            granted and such Incentive Stock Option is not exercisable after the
            expiration of five years from the date of grant.

                  (iii) No Incentive Stock Option may be granted on or after the
            tenth anniversary of the adoption of the Plan by the Board.

                  (iv) No Incentive Stock Option may be exercised more than ten
            years after the date of grant.

                  (v) The aggregate Fair Market Value (determined as of the time
            an Incentive Stock Option is granted) of Shares with respect to
            which Incentive Stock Options are exercisable for the first time by
            such individual in any calendar year (under the Plan and all other
            plans of the Company and any Subsidiary) shall not exceed $100,000,
            or such other maximum amount permitted by the Code. In the event
            that the ability to exercise an Incentive Stock Option would
            otherwise violate this Subsection, then (a) the cumulative amount of
            Incentive Stock Options exercisable in a calendar year shall be
            limited as

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            provided in this Subsection (with the determination of exercisable
            Incentive Stock Options being made in order of grant), and (b) the
            portion of any Incentive Stock Options thereby rendered
            nonexercisable shall, subject to the foregoing, become exercisable
            during the remaining period of the Option.

            (f) Notice of Exercise and Payment. An Option granted under the Plan
      may be exercised by the Optionee giving written notice of exercise to the
      Committee and paying the option price in full at such time. An Option
      shall be deemed exercised on the date the Committee receives written
      notice of exercise, together with full payment for the Shares purchased.
      The option price shall be paid to the Company either in cash, by delivery
      to the Company of Shares already-owned by the Optionee or any combination
      of cash and such Shares. In addition, payment may be made by delivering an
      exercise notice together with irrevocable instructions to a broker
      promptly to deliver to the Company the amount of sale or loan proceeds to
      pay the exercise price. The Committee may, however, at any time and in its
      discretion, adopt guidelines limiting or restricting the use of
      already-owned Shares to pay all or any portion of the option price. In the
      event already-owned Shares are used to pay all or a portion of the option
      price, the amount credited to payment of the option price shall be the
      Fair Market Value of the already-owned Shares on the date the Option is
      exercised.

            (g) Special Payment Provisions for Nonqualified Options. Upon the
      exercise of a Nonqualified Option, the Company,at the discretion of the
      Committee, may pay the exercising party a cash lump sum which is
      equivalent to the net tax savings to the Company, as determined by the
      Committee, arising from the tax deduction available to the Company through
      such exercise, where applicable, under the Code.

            (h) Fractional Shares. No fractional Shares shall be issued pursuant
      to the exercise of an Option, nor shall any cash payment be made in lieu
      of fractional Shares.

SECTION 7. RESTRICTED SHARE AWARDS.

      The Committee may issue Shares to an Employee subject to the following
terms and conditions and such other terms and conditions as the Committee may
prescribe in connection with the grant of a Restricted Share Award:

            (a) General. With respect to each grant of Restricted Shares, the
      Committee, in its sole discretion, shall determine the period during which
      the restrictions set forth

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      at Subsection 7(b) shall apply to the Restricted Shares (the "Restricted
      Period").

            (b) Restrictions. At the time of grant of Restricted Shares to an
      Employee, the number of Shares granted shall be issued in the Employee's
      name in uncertificated form. The Employee shall have the entire beneficial
      ownership interest in, and all rights and privileges of a stockholder as
      to, such Restricted Shares, including the right to receive dividends and
      the right to vote such Restricted Shares, subject to the following
      restrictions: (i) subject to Section 7(c), the Employee shall not be
      entitled to delivery of a Share certificate until the expiration of the
      Restricted Period; (ii) none of the Restricted Shares may be sold,
      transferred, assigned, pledged, or otherwise encumbered or disposed of
      during the Restricted Period; and (iii) all of the Restricted Shares shall
      be forfeited and all rights of the Employee to such Restricted Shares
      shall terminate without further obligation on the part of the Company
      unless the Employee remains in the continuous employment of the Company
      for the entire Restricted Period in relation to which such Restricted
      Shares were granted, except as provided by Section 7(c). Any Shares
      received with respect to Restricted Shares as a result of a
      recapitalization adjustment defined in Section 3(b) shall be subject to
      the same restrictions as such Restricted Shares.

            (c) Termination of Employment.

                  (i) Retirement. If an Employee ceases to be employed by the
      Company prior to the end of a Restricted Period by reason of normal
      retirement under a retirement plan of the Company or the Employee
      otherwise retires with the consent of the Company, the number of
      Restricted Shares granted to such Employee for such Restricted Period
      shall be reduced in proportion to the Restricted Period (determined on a
      quarterly basis) remaining after the Employee ceases to be an Employee and
      all restrictions on such reduced number of Shares shall lapse. A
      certificate for such Shares shall be delivered to the Employee in
      accordance with the provisions of Section 7(d) hereof. The Committee may,
      if it deems appropriate, direct that the Employee receive a greater number
      of Shares free of all restrictions but not exceeding the number of
      Restricted Shares then subject to the restrictions of Section 7(b).

                  (ii) Death. If an Employee ceases to be employed by the
      Company prior to the end of a Restricted Period by reason of death, the
      Restricted Shares granted to such Employee shall immediately vest in his
      beneficiary or estate and all restrictions applicable to such Shares shall
      lapse. A certificate for such Shares shall be delivered to the

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      Employee's beneficiary or estate in accordance with the provisions of
      Subsection 7(d).

                  (iii) All Other Terminations. If an Employee ceases to be an
      Employee prior to the end of a Restricted Period for any reason other than
      retirement or death, the Employee shall immediately forfeit all Restricted
      Shares then subject to the restrictions of Section 7(b) in accordance with
      the provisions thereof, except that the Committee may, if it finds that
      the circumstances in the particular case so warrant, allow an Employee
      whose employment has so terminated to retain any or all of the Restricted
      Shares then subject to the restrictions of Section 7(b) and all
      restrictions applicable to such retained Shares shall lapse. A certificate
      for such retained Shares shall be delivered to the Employee in accordance
      with the provisions of Section 7(d).

            (d) Delivery of Restricted Shares; Payment for Fractional Shares. At
      the end of the Restricted Period or at such earlier time as provided for
      in Subsection 7(c), all restrictions applicable to the Restricted Shares
      shall lapse and a Share certificate for a number of Shares equal to the
      number of Restricted Shares, free of all restrictions, shall be delivered
      to the Employee or his beneficiary or estate, as the case may be. The
      Company shall not be required to deliver any fractional Share but will
      pay, in lieu thereof, the Fair Market Value (measured as of the date the
      restrictions lapse) of such fractional Share to the Employee or his
      beneficiary or estate, as the case may be.

SECTION 8. PERFORMANCE AWARDS.

      The Committee may grant to Employees Performance Awards which shall be
subject to the following terms and conditions and such other terms and
conditions as the Committee may prescribe in connection with the grant of a
Performance Award:

            (a) Award Period and Performance Goals. The Committee shall
      determine and include in a Performance Award the period of time during
      which a Performance Award may be earned ("Award Period"). The Committee
      shall also establish performance objectives ("Performance Goals") to be
      met by the Company, Subsidiary or division during the Award Period as a
      condition to payment of the Performance Award. The Performance Goals may
      include earnings per share, return on stockholders' equity, return on
      assets, net income, or any other financial or other measurement
      established by the Committee. The Performance Goals may include minimum
      and optimum objectives or a single set of objectives.

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            (b) Payment of Performance Awards. The Committee shall establish the
      method of calculating the amount of payment to be made under a Performance
      Award if the Performance Goals are met, including the fixing of a maximum
      payment. The Performance Award shall be expressed in terms of Shares and
      referred to as "Performance Shares." After the completion of an Award
      Period, the performance of the Company, Subsidiary or division shall be
      measured against the Performance Goals, and the Committee shall determine
      whether all, none or any portion of a Performance Award shall be paid. The
      Committee, in its discretion, may elect to make payment in Shares, cash or
      any combination of Shares and cash. Any payment shall be based on the Fair
      Market Value of Performance Shares on the last day of the Award Period.

            (c) Revision of Performance Goals. At any time prior to the end of
      an Award Period, the Committee may revise the Performance Goals and the
      computation of payment if unforeseen events occur which have a substantial
      effect on the performance of the Company, Subsidiary or division and which
      in the judgment of the Committee make the application of the Performance
      Goals inappropriate unless a revision is made.

            (d) Requirement of Employment. A grantee of a Performance Award must
      remain in the employment of the Company until the completion of the Award
      Period in order to be entitled to payment under the Performance Award;
      provided that the Committee may, in its sole discretion, provide for a
      full or partial payment where such an exception is deemed equitable.

            (e) Dividends. The Committee may, in its discretion, at the time of
      the granting of a Performance Award, or thereafter, provide that any
      dividends declared on Shares during the Award Period, and which would have
      been paid with respect to Performance Shares had they been owned by a
      grantee, be (i) paid to the grantee, or (ii) used to increase the number
      of Performance Shares of the grantee subject to the provisions of the
      Performance Award.

SECTION 9. STOCK APPRECIATION RIGHTS.

      The Committee may, at any time, in its discretion, grant a right to
receive the appreciation in the Fair Market Value of Shares ("Stock Appreciation
Right") either separately or in tandem with Options. Stock Appreciation Rights
shall be subject to the following terms and conditions and such other terms and
conditions as the Committee may prescribe:

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            (a) Time and Period of Grant. A Stock Appreciation Right granted in
      tandem with an Option may be granted either at the time the Option is
      granted or at any time thereafter prior to the expiration of the Option.
      If a Stock Appreciation Right is granted in tandem with an Option, the
      Committee may limit the exercise period for such Stock Appreciation Right,
      provided that the Stock Appreciation Right may not be exercised after the
      expiration of the Option to which the Stock Appreciation Right is
      attached.

            (b) Value of Stock Appreciation Right. If a Stock Appreciation Right
      is granted in tandem with an Option, the Optionee will be entitled to
      surrender the Option which is then exercisable and receive in exchange
      therefor an amount in cash equal to the excess of the Fair Market Value of
      a Share on the Valuation Date over the Option price multiplied by the
      number of Shares covered by the Option or portion thereof which is
      surrendered. In the event a Stock Appreciation Right granted in tandem
      with an Option is exercised, the right of the Optionee to exercise the
      related Option shall be cancelled to the extent Shares covered by such
      Option are used to calculate cash paid upon exercise of the related Stock
      Appreciation Right. The right of an Optionee to exercise a Stock
      Appreciation Right shall be canceled if and to the extent that the related
      option is exercised. If a Stock Appreciation Right is granted separately
      from an Option, the Optionee will receive upon exercise of the Stock
      Appreciation Right an amount in cash equal to the excess of the Fair
      Market Value of a Share on the Valuation Date over the Fair Market Value
      of a Share on the date of grant multiplied by the number of Shares as to
      which the Stock Appreciation Right is being exercised. Notwithstanding the
      foregoing, in no event shall the exercise value of a Stock Appreciation
      Right issued in connection with an Incentive Stock Option exceed the
      maximum permissible exercise value for such a right under the Code and the
      regulations and interpretations issued pursuant thereto.

            (c) Exercise of Rights and Payment. A Stock Appreciation Right which
      is in tandem with an option may be exercised when the related Option is
      exercisable, provided, however, such a Stock Appreciation Right may only
      be exercised on a date or dates on which the Fair Market Value of a Share
      exceeds the Option price per Share applicable to the related Option. A
      Stock Appreciation Right which is granted separate from an Option may be
      exercised at such times as specified in the written instrument evidencing
      such right. An Employee may exercise a Stock Appreciation Right by giving
      written notice of exercise, specifying the number of Shares as to which
      the right is exercised, to the Committee. Provided the exercise is valid
      and in accordance

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      with the terms of the Plan, the Company shall promptly, after the receipt
      of such a notice, pay to the Employee the cash to which he is entitled. If
      a Stock Appreciation Right has not been exercised, cancelled, terminated
      or expired on the last day of the term of such Stock Appreciation Right,
      the holder of such Stock Appreciation Right will automatically receive a
      cash payment from the Company in an amount, if any, that would be payable
      if the Stock Appreciation Right is exercised on such date.

SECTION 10. RESTRICTED SHARES FOR ELIGIBLE DIRECTORS.

            (a) Grant of Restricted Shares to Eligible Directors. On the date of
the 1989 Meeting and on the date of each Meeting thereafter while the Plan is in
effect (each such date is hereinafter referred to as a "Grant Date"), each then
Eligible Director shall be granted (i) in the case of Grant Dates prior to 2003,
a number of Restricted Shares determined by dividing $5,000 by the Fair Market
Value of a Share on the Grant Date (rounded to the nearest whole Share); (ii) in
the case of Grant Dates occurring in 2003, 2004, and 2005, a number of
Restricted Shares determined by dividing $10,000 by the Fair Market Value of a
Share on the Grant Date (rounded to the nearest whole Share); and (iii)
beginning with the Grant Date occurring in 2006 and on each Grant Date
thereafter, 1,000 Restricted Shares.

            (b) Terms and Conditions of Restricted Shares.

                  (i) Subject to the provisions of paragraph (ii) of this
      Section 10(b), Restricted Shares issued to Eligible Directors pursuant to
      the Plan shall be subject to the following restrictions:

                        (1) the restrictions on the Restricted Shares shall
            apply for the period ("Restricted Period") commencing on the Grant
            Date (as defined in Section 10(a)) and ending on (i) the third
            anniversary of the Grant Date for one-third (1/3) of the Restricted
            Shares to the nearest whole Share, (ii) the fourth anniversary of
            the Grant Date for one-third (1/3) of the Restricted Shares to the
            nearest whole Share, and (iii) the fifth anniversary of the Grant
            Date for the balance of such Restricted Shares.

                        (2) the Eligible Director shall not be entitled to
            receive delivery of a certificate or certificates for such
            Restricted Shares until the expiration of the Restricted Period;

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                        (3) such Restricted Shares shall not be sold,
            transferred, assigned, pledged or otherwise encumbered or disposed
            of during the Restricted Period; and

                        (4) all such Restricted Shares shall be forfeited and
            all right of the Eligible Director to such Restricted Shares shall
            terminate without further obligation on the part of the Company if
            the Eligible Director ceases to be a director of the Company prior
            to the end of the Restricted Period.

            (ii) Notwithstanding the provisions of subparagraph (b)(i) of this
      Section 10, in the event an Eligible Director ceases to be a director of
      the Company prior to the end of a Restricted Period as a result of such
      Eligible Director's death, disability, normal retirement in accordance
      with the Company's policies, or failure to obtain sufficient votes at a
      Meeting to be re-elected as a director, then the restrictions set forth in
      subparagraph (b)(i) of this Section 10 shall cease to apply on a date 30
      days thereafter, if the associated Tandem Options are not exercised
      pursuant to Section 10(d)(iv)(b).

            (iii) Upon the occurrence of a Change in Control, all of the
      restrictions set forth in subparagraph (b)(i) of this Section 10 shall
      cease to apply on a date thirty days thereafter, if the associated Tandem
      Options are not exercised pursuant to Section 10(d)(iv)(b), to all
      Restricted Shares issued pursuant to the Plan, except to the extent that
      the lapse of such restrictions would, in the opinion of counsel selected
      by the Company's independent auditors, constitute "parachute payments" in
      the meaning of Section 28OG(b)(2)(A) of the Code and, when added to any
      other "parachute payments" which would be received by the Eligible
      Director pursuant to the terms of any other plan, arrangement or agreement
      with the Company, any person whose actions result in a change in control
      of the Company or any person affiliated with the Company or such person,
      would be subject to the tax imposed by Section 4999 of the Code.

            If the lapse of the restrictions arising from a Change in Control
      would so subject an Eligible Director to Section 4999 of the Code, the
      Restricted Shares of the Eligible Director (to the extent otherwise
      subject to Section 4999) shall be forfeited and returned to the status of
      authorized and unissued Shares. At the time of such forfeiture, the
      Company shall transfer to a trust for the benefit of the Eligible Director
      cash in an

                                      -13-
<PAGE>

      amount determined by multiplying the number of Restricted Shares forfeited
      by the Market Value of a Share on the date of the Change in Control. If
      the Eligible Director remains a director of the Company until the date
      that the restrictions on the forfeited Restricted Shares would have ceased
      to apply, then, on such date, such cash and all amounts earned thereon
      shall be distributed to the Eligible Director. If the Eligible Director
      does not remain a director of the Company until such date, such cash and
      the earnings thereon shall be paid over to the Company. The selection of
      the trustee(s), the determination of the terms of the trust, and all other
      matters relating to the creation and operation of the trust shall, subject
      to the express provisions of this paragraph, be at the discretion of the
      Committee.

            (iv) At the end of the Restricted Period, or at such earlier time as
      is provided for in subparagraphs (b)(ii) or (b)(iii) of this Section 10,
      the restrictions applicable to the Restricted Shares pursuant to this
      Section 10 shall cease and a Share certificate for the number of
      Restricted Shares with respect to which the restrictions have ceased shall
      be delivered, free of all such restrictions and all restrictive legends,
      to the Eligible Director or the Eligible Director's beneficiary or estate,
      as the case may be.

      (c) Additional Restrictions. At the time of grant of Restricted Shares to
an Eligible Director, the number of Shares granted shall be issued in his name
in uncertificated form. The Eligible Director shall have the entire beneficial
ownership interest in, and all rights and privileges of a stockholder as to,
such Restricted Shares, including the right to receive dividends and the right
to vote such Restricted Shares. Any Shares received with respect to Restricted
Shares as a result of a recapitalization adjustment pursuant to Section 3(b)
shall be subject to the same restrictions as such Restricted Shares.

      (d) Grant of Non-Statutory Stock Options to Eligible Directors. The
Company shall grant to the Eligible Director in tandem with each Restricted
Share granted prior to 2006 pursuant to Section 10(a) four (4) Nonqualified
Stock Options ("Tandem Options") subject to the following terms and conditions:

            (i) The option price of the Tandem option shall be the Fair Market
      Value of a Share on the date of grant.

            (ii) The right of the Optionee to exercise a Tandem Option shall be
      cancelled if and to the extent that the related Restricted Share is no
      longer subject to the restrictions in Section 10. In the event that Tandem

                                      -14-
<PAGE>

      Options are exercised, the right of the Eligible Director to receive the
      Restricted Shares granted in tandem with said Options shall be forfeited.

            (iii) The four Tandem Options granted in tandem with each Restricted
      Share must be exercised at the same time. No Tandem Options shall be
      exercisable within 12 months of the Grant Date of the Option.

            (iv) Tandem Options may only be exercised on a date or dates on
      which the aggregate Option Spread (measured as the difference between the
      Fair Market Value of a Share on the date of exercise less the option
      exercise price) for the four Tandem Options equals or exceeds 110% of the
      Fair Market Value of the associated Restricted Share on the date of
      exercise of the Tandem Options. Notwithstanding the preceding sentence,
      Tandem Options may be exercised (a) during the 60 day period preceding the
      date on which the Restricted Period applicable to the associated
      Restricted Share ends and (b) during the 30-day period following the
      termination of restrictions on the Restricted Shares pursuant to Section
      10(b)(ii) or 10(b)(iii).

            (v) The exercise of and payment for the Shares issuable upon
      exercise of a Tandem Option shall be in accordance with the provisions of
      Section 6(f) of the Plan.

SECTION 11. NON-ASSIGNABILITY OF INCENTIVE AWARDS.

      No Incentive Award granted under the Plan shall be assigned, transferred,
pledged, or otherwise encumbered by the Participant, otherwise than by will, by
designation of a beneficiary after death, or the laws of descent and
distribution, or be made subject to execution, attachment or similar process.
Each Incentive Award shall be exercisable during the Participant's lifetime only
by the Participant or, if permissible under applicable law, by the Participant's
guardian or legal representative.

SECTION 12. CHANGE OF CONTROL.

      In order to maintain all of the Participant's rights in the event of a
Change of Control of the Company, the Committee, in its sole discretion, may, as
to any Incentive Award, either at the time that an Incentive Award is made or
any time thereafter, take any one or more of the following actions:

            (a) provide for the acceleration of any time periods relating to the
      exercise or realization of any such award, so

                                      -15-
<PAGE>

      that such award may be exercised or realized in full on or before a date
      fixed by the Committee,

            (b) provide for the purchase of any such award by the Company for an
      amount of cash equal to the amount that could have been attained upon the
      exercise of such award or realization of such Employee's rights had such
      award been currently exercisable or payable,

            (c) make such adjustment to any such award then outstanding as the
      Committee deems appropriate in light of a Change of Control, or

            (d) cause any such award then outstanding to be assumed, or new
      rights substituted therefor, by the acquiring or surviving corporation, if
      any, in connection with a Change of Control.

SECTION 13. TAXES.

      (a) Withholding for Taxes. The Company shall be entitled, if necessary or
desirable, to withhold from any Incentive Award the amount of any tax
attributable to any amounts payable under any Incentive Award and the Company
may defer making payment of any Incentive Award if any such tax, charge, or
assessment may be pending until indemnified to its satisfaction.

      (b) Use of Shares to Pay Withholding Taxes. With the approval of the
Committee, the holder of a Nonqualified Stock Option, a Restricted Share Award
(under either Section 7 or Section 10 of the Plan) or a Performance Award may
elect to have the Company retain from the Shares to be issued upon the exercise
of such an Option, the termination of the restrictions on a Restricted Share
Award, or the payment of a Performance Award, as the case may be, Shares having
a Fair Market Value on the Tax Date equal to all or any part of the federal,
state and local withholding tax payments (whether mandatory or permissive) to be
made by the holder with respect to such option (up to a maximum amount
determined by the holder's top marginal tax rate) in lieu of making such
payments in cash. The Committee may establish from time to time rules or
limitations with respect to the right of a holder to elect to have the Company
retain Shares in satisfaction of withholding payments.

                                      -16-
<PAGE>

SECTION 14. COMPLIANCE WITH LAWS AND EXCHANGE REQUIREMENTS.

      No Option or Stock Appreciation Right shall be granted and no Shares shall
be issued in connection with any Incentive Award unless the grant of the Option
or the Stock Appreciation Right and the issuance and delivery of Shares or cash
pursuant to the Incentive Award shall comply with all relevant provisions of
state and federal law, including, without limitation, the Securities Act of
1933, the Securities Exchange Act of 1934, the rules and regulations promulgated
thereunder, and the requirements of any stock exchange upon which the Shares may
then be listed.

SECTION 15. AMENDMENT AND TERMINATION OF PLAN.

      (a) Amendment. The Board may from time to time amend the Plan, or any
provision thereof, in such respects as the Board may deem advisable except that
it may not amend the Plan without stockholder approval so as to increase the
maximum number of Shares that may be issued under the Plan except in accordance
with Section 3(b).

      (b) Termination. The Board may at any time terminate the Plan.

      (c) Effect of Amendment or Termination. Any amendment or the termination
of the Plan shall not adversely affect any Incentive Award previously granted
and such Incentive Award shall remain in full force and effect as if the Plan
had not been amended or terminated.

SECTION 16. NOTICES.

      Each notice relating to the Plan shall be in writing and delivered in
person or by certified or registered mail to the proper address. Each notice to
the Committee shall be addressed as follows: TBC Corporation, 4770 Hickory Hill
Drive, Post Office Box 18342, Memphis, Tennessee 38181-0342, Attention:
Compensation Committee. Each notice to a Participant shall be addressed to the
Participant at the address of the Participant maintained by the Company on its
books and records. Anyone to whom a notice may be given under this Plan may
designate a new address by written notice to the other party to that effect.

SECTION 17. BENEFITS OF PLAN.

      This Plan shall inure to the benefit of and be binding upon each successor
of the Company. All rights and obligations imposed upon a Participant and all
rights granted to the Company

                                      -17-
<PAGE>

under this Plan shall be binding upon the Participant's heirs, legal
representatives and successors.

SECTION 18. PRONOUNS AND PLURALS.

      All pronouns shall be deemed to refer to the masculine, feminine, singular
or plural, as the identity of the person or persons may require.

SECTION 19. STOCKHOLDER APPROVAL AND TERM OF PLAN.

      The Plan shall become effective upon its approval by the affirmative vote
of the holders of a majority of the outstanding Shares and shall continue in
effect until terminated pursuant to Section 15.

                                   * * * * * *

                                      -18-<PAGE>

                                                                    EXHIBIT 10.2

                                 TBC CORPORATION

                           DIRECTOR'S FEES RESOLUTIONS
                          ADOPTED BY BOARD OF DIRECTORS

                                  JULY 1, 2005

      RESOLVED, that effective July 1, 2005, the annual retainer payable to
directors who are not employees of the Company shall be fixed at $30,000.

      FURTHER RESOLVED, that beginning with the 2006 Annual Meeting of
Stockholders, (i) each director who is not an employee of the Company shall be
granted 1,000 restricted shares of TBC Common Stock on the date of each Annual
Meeting, and (ii) no further tandem options shall be granted to directors.

      FURTHER RESOLVED, that in order to give effect to the preceding
resolution, Section 10(a) of the 1989 Stock Incentive Plan (the "Plan") shall
be, and it is hereby, amended to read as follows:

      "(a) Grant of Restricted Shares to Eligible Directors. On the date of the
1989 Meeting and on the date of each Meeting thereafter while the Plan is in
effect (each such date is hereinafter referred to as a "Grant Date"), each then
Eligible Director shall be granted (i) in the case of Grant Dates prior to 2003,
a number of Restricted Shares determined by dividing $5,000 by the Fair Market
Value of a Share on the Grant Date (rounded to the nearest whole Share); (ii) in
the case of Grant Dates occurring in 2003, 2004, and 2005, a number of
Restricted Shares determined by dividing $10,000 by the Fair Market Value of a
Share on the Grant Date (rounded to the nearest whole Share); and (iii)
beginning with the Grant Date occurring in 2006 and on each Grant Date
thereafter, 1,000 Restricted Shares."

and the first sentence of Section 10(d) of the Plan shall be amended to read as
follows:

      "(d) Grant of Non-Statutory Stock Options to Eligible Directors. The
Company shall grant to the Eligible Director in tandem with each Restricted
Share granted prior to 2006 pursuant to Section 10(a) four (4) Nonqualified
Stock Options ("Tandem Options") subject to the following terms and conditions:"

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