Document:

EXHIBIT 10 (g-3)

           AMENDED SECTION 13 OF THE 1994 MANAGEMENT STOCK OPTION PLAN

     Unless the Committee determines otherwise at the time of grant of an Option
or thereafter by amendment of an Option,  all or any part of any Option,  to the
extent  unexercised,   shall  terminate  immediately,   upon  the  cessation  or
termination for any reason of the holder's  employment by the Corporation or any
Subsidiary,  except that the holder shall have until the end of the  three-month
period  following the cessation of his  employment  with the  Corporation or its
Subsidiaries,  and no longer,  to exercise any unexercised  Option that he could
have exercised on the day on which such employment  terminated;  provided,  that
such exercise must be  accomplished  prior to the expiration of the term of such
Option.  Notwithstanding the foregoing, if the cessation of employment is due to
retirement  on or  after  attaining  the age of  sixty-five  (65)  years,  or to
disability  (to an extent and in a manner as shall be determined in each case by
the  Committee  in  its  sole  discretion)  or  to  death,  the  holder  or  the
representative  of the estate of a deceased  holder shall have the  privilege of
exercising the Option which is unexercised at the time of such retirement, or of
such  disability  or  death;  provided,  however,  that such  exerciser  must be
accomplished  prior to the  expiration of the term of such Option and (a) within
three months of the holder's retirement or disability,  or (b) within six months
of the holder's  death,  as the case may be, unless the Committee at the time of
grant of such Option or  thereafter  by  amendment  of such  Option  permits its
exercise for a longer period but in no event after the expiration of the term of
such Option.

                                       46EXHIBIT 10 (h-2)

                            AMENDED SECTION 10 OF THE

          1995 NON-EMPLOYEE DIRECTORS' NON-QUALIFIED STOCK OPTION PLAN

     10.  (a)  NON-TRANSFERABILITY  OF  OPTIONS.  Options  and all other  rights
thereunder shall be  non-transferrable  or  non-assignable by the holder thereof
otherwise than by will or the laws of descent and  distribution.  Options may be
exercised or surrendered during the holder's lifetime only by the holder thereof
or his guardian or legal representative.

          (b)  Notwithstanding the foregoing,  the Board of Directors may in the
applicable  option  certificate  or at any  time  after  the date of grant by an
instrument  amending terms provided for in the option  certificate  provide that
Options may be transferred by a holder  without  consideration,  subject to such
rules as the  Board of  Directors  may  adopt  consistent  with the terms of the
applicable option certificate to preserve the purposes of the Plan, to:

               (A)  any person who is a "family  member" of the holder,  as such
                    term is used in the instructions to Form S-8  (collectively,
                    the "Immediate Family Members");

               (B)  a trust  solely for the benefit of the holder and his or her
                    Immediate Family Members;

               (C)  a  partnership  or  limited  liability  company  whose  only
                    partners  or  shareholders  are  the  holder  and his or her
                    Immediate Family Members; or

               (D)  any other  transferee  as may be approved  either (a) by the
                    Board  of  Directors  in  its  sole  discretion,  or  (b) as
                    provided in the terms of the applicable option certificate;

(each transferee described in clauses (A), (B), (C) and (D) above is hereinafter
referred to as a  "Permitted  Transferee");  PROVIDED  that the holder gives the
Board of Directors advance written notice describing the terms and conditions of
the proposed transfer and the Committee notifies the holder in writing that such
a transfer would comply with the  requirements  of the Plan and the terms of any
applicable option certificate.

          (c)  The  terms  of any  Option  transferred  in  accordance  with the
mmediately  preceding  sentence shall apply to the Permitted  Transferee and any
reference in the Plan or in an option certificate to a holder shall be deemed to
refer to the Permitted  Transferee,  except that (a) Permitted Transferees shall
not be  entitled  to  transfer  any  Options,  other than by will or the laws of
descent and  distribution;  (b) Permitted  Transferees  shall not be entitled to
exercise any transferred  Options unless there shall be in effect a registration
statement on an appropriate form covering the shares to be acquired  pursuant to
the  exercise of such Option if the Board of  Directors  determines,  consistent
with the terms of any applicable  option  certificate,  that such a registration
statement is necessary or appropriate, (c) the Board of Directors or the Company
shall not be required to provide any notice to a Permitted  Transferee,  whether
or not such notice is or would  otherwise  have been required to be given to the
holder  under  the  Plan or  otherwise,  and (d) the  consequences,  if any,  of
termination of the holder's  service as a member of the Board of Directors under
the terms of the Plan and the applicable option certificate shall continue to be
applied  with  respect  to the  holder,  following  which the  Options  shall be
exercisable by the Permitted Transferee only to the extent, and for the periods,
specified in the Plan and the terms of the applicable option certificate.

                                       47EXHIBIT 10 (i-2)

                            AMENDED SECTION 9 OF THE

          1997 NON-EMPLOYEE DIRECTORS' NON-QUALIFIED STOCK OPTION PLAN

     9.   (a)  NON-TRANSFERABILITY  OF  OPTIONS.  Options  and all other  rights
thereunder  and  hereunder  may not be  assigned  or  transferred  by a Director
otherwise than by will or the laws of descent and distribution,  and Options may
be exercised or surrendered  during the  Director's  lifetime only by him or his
guardian or legal representative.

          (b)  Notwithstanding  the  foregoing,  the Board may in the applicable
option  certificate  or at any time  after  the  date of grant by an  instrument
amending terms provided for in the option  certificate  provide that Options may
be transferred by a Director without consideration, subject to such rules as the
Board may adopt consistent with the terms of the applicable  option  certificate
to preserve the purposes of the Plan, to:

               (A)  any person who is a "family member" of the Director, as such
                    term is used in the instructions to Form S-8  (collectively,
                    the "Immediate Family Members");

               (B)  a trust  solely for the benefit of the  Director  and his or
                    her Immediate Family Members;

               (C)  a  partnership  or  limited  liability  company  whose  only
                    partners or  shareholders  are the  Director  and his or her
                    Immediate Family Members; or

               (D)  any other  transferee  as may be approved  either (a) by the
                    Board  in its sole  discretion,  or (b) as  provided  in the
                    terms of the applicable option certificate;

(each transferee described in clauses (A), (B), (C) and (D) above is hereinafter
referred to as a "Permitted  Transferee");  PROVIDED that the Director gives the
Board advance written notice describing the terms and conditions of the proposed
transfer  and the Board  notifies  the  Director in writing that such a transfer
would comply with the  requirements  of the Plan and the terms of any applicable
option certificate.

          (c)  The  terms  of any  Option  transferred  in  accordance  with the
immediately  preceding sentence shall apply to the Permitted  Transferee and any
reference in the Plan or in an option  certificate to a Director shall be deemed
to refer to the  Permitted  Transferee,  except that (a)  Permitted  Transferees
shall not be entitled to transfer any Options, other than by will or the laws of
descent and  distribution;  (b) Permitted  Transferees  shall not be entitled to
exercise any transferred  Options unless there shall be in effect a registration
statement on an appropriate form covering the shares to be acquired  pursuant to
the exercise of such Option if the Board  determines,  consistent with the terms
of any applicable  option  certificate,  that such a  registration  statement is
necessary or appropriate,  (c) the Board or the Company shall not be required to
provide any notice to a Permitted  Transferee,  whether or not such notice is or
would otherwise have been required to be given to the Director under the Plan or
otherwise,  and (d) the  consequences,  if any, of termination of the Director's
services as a member of the Board under the terms of the Plan and the applicable
option  certificate  shall  continue to be applied with respect to the Director,
following  which the Options shall be  exercisable  by the Permitted  Transferee
only to the extent, and for the periods,  specified in the Plan and the terms of
the applicable option certificate.

                                       48EXHIBIT 10 (r)

                                EMCOR GROUP, INC.
                           EXECUTIVE STOCK BONUS PLAN

SECTION I.  PURPOSE.

            The  purpose  of the Plan is to  encourage  stock  ownership  in the
Company by its senior  management  and to provide a vehicle  through which (i) a
portion of each annual  bonus  payable to a  Participant  will be  deferred  and
ultimately  may be paid in the form of  Company  Stock  and  (ii) an  additional
portion of each annual bonus payable to a Participant may, at such Participant's
election, be deferred and ultimately may be paid in the form of Company Stock.

SECTION 2.  DEFINITIONS.

            As used in the Plan, the following  capitalized terms shall have the
            following meanings:

            "Bonus" means the annual bonus, if any,  awarded to a Participant by
            the Committee.

            "Board" means the Board of Directors of the Company.

            "Change of Control" means when:

      (i)   any person or persons acting in concert  (excluding  Company benefit
plans) becomes the beneficial owner of securities of the Company having at least
25% of the voting power of the Company's then outstanding securities (unless the
event causing the 25% threshold to be crossed is an acquisition of voting common
securities  directly  from  the  Company,  other  than  upon the  conversion  of
convertible debt securities or other  securities  and/or the exercise of options
or warrants); or

      (ii)  the  stockholders  of the Company  shall approve any merger or other
business  combination of the Company,  sale or lease of the Company's  assets or
combination  of  the  foregoing  transactions  (a  "Transaction")  other  than a
Transaction  immediately following which the stockholders of the Company and any
trustee or fiduciary of any Company employee  benefit plan immediately  prior to
the Transaction own at least 65% of the voting power, directly or indirectly, of
(A) the surviving  corporation in any such merger or other business combination;
(B) the purchaser or lessee of the Company's  assets;  or (C) both the surviving
corporation  and the  purchaser  or lessee in the  event of any  combination  of
Transactions; or

      (iii) within  any  24  month  period,   the  persons  who  were  directors
immediately  before the  beginning  of such period (the  "Incumbent  Directors")
shall cease (for any reason other than death) to  constitute at least a majority
of the Board or the board of directors  of a successor to the Company.  For this
purpose,  any  director  who was not a director at the  beginning of such period
shall be deemed to be an Incumbent  Director if such director was elected to the
Board  by,  or on the  recommendation  of or with  the  approval  of,  at  least
two-thirds of the directors who then  qualified as Incumbent  Directors (so long
as such  director was not  nominated by a person who has  expressed an intent to
effect a Change of Control or engage in a proxy or other control contest).

      "Committee" means the Compensation and Personnel Committee of the Board.

      "Company"  means  EMCOR  Group,  Inc.,  a  Delaware  corporation,  or  any
successor corporation.

      "Company  Stock" means  common  stock of the  Company,  par value $.01 per
share.

      "Designated Beneficiary" means the beneficiary or beneficiaries designated
in accordance  with Section 8.6 to receive the shares of Company Stock,  if any,
payable to a Participant under the Plan upon the Participant's death.

                                       49
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            "Fair Market Value" means, as of a specified date, the closing price
at which a share of Company  Stock is traded on the stock  exchange,  if any, on
which such shares are primarily  traded or, if the shares are not then traded on
a stock  exchange,  the  closing  price of a share  as  reported  on the  NASDAQ
National  Market  System  or, if the  shares  are not then  traded on the NASDAQ
National Market System, the average of the closing bid and ask prices at which a
share is traded on the over-the-counter  market, but if no shares were traded on
such date, then on the last previous date on which a share was so traded, or, if
none of the  above are  applicable,  the  value of a share as  determined  by an
unaffiliated investment banking firm selected by the Board of Directors.

            "Financial  Hardship"  means  severe  financial  hardship  caused by
extraordinary  and  unforeseeable  circumstances  arising  as a result of events
beyond the control of the  Participant,  as  determined  by the Committee in its
sole and absolute discretion.

            "Participant"  means each person  designated to  participate  in the
Plan pursuant to Section 3.1.

            "Plan" means the EMCOR Group, Inc. Executive Stock Bonus Plan.

            "Plan Year" means the accounting fiscal year of the Company.

SECTION 3.  ELIGIBILITY AND PARTICIPATION.

            3.1   DESIGNATION.  The  Committee  shall,  in its sole  discretion,
designate by March 31 of each Plan Year which executive  officers of the Company
will  participate  in the Plan for such  Plan  Year.  Each  Participant  will be
notified  of his  selection  as soon after  such  selection  as is  practicable.
Notwithstanding  the  foregoing,  for the Plan Year 2000 the  following  persons
shall be Participants in the Plan: Frank T. MacInnis,  Jeffrey M. Levy,  Sheldon
I. Cammaker, Leicle E. Chesser, R. Kevin Matz, and Mark A. Pompa.

            3.2   NO RIGHT TO  PARTICIPATE.  No  person  has or at any time will
have any right to be selected for current or future  participation  in the Plan,
nor may any person selected for participation in the Plan decline to participate
therein.

SECTION 4.  ADMINISTRATION.

            4.1   AUTHORITY OF THE  COMMITTEE.  The  Committee has and will have
all the authority that may be necessary or helpful to enable it to discharge its
responsibilities  with respect to the Plan.  Without  limiting the generality of
the foregoing,  and in addition to any authority or responsibility  specifically
granted to the Committee  elsewhere in the Plan, the Committee has the exclusive
right to (a)  interpret  the Plan,  (b) decide the amount of each  Participant's
Bonus,  subject to and in  accordance  with any  employment  agreement  or other
agreement  between the Company and the  Participant,  (c) construe any ambiguous
provision of the Plan, (d) supply any omission, (e) reconcile any inconsistency,
(f) issue  administrative  guidelines as an aid to administer the Plan, (g) make
regulations,  if any,  for  carrying  out the Plan and to make  changes  in such
regulations  as they from time to time deem  proper,  and (h) decide any and all
questions arising in the  administration,  interpretation and application of the
Plan.

            4.2   DISCRETIONARY   AUTHORITY.   The  Committee  shall  have  full
discretionary  authority  in  all  matters  related  to  the  discharge  of  its
responsibilities  and the exercise of its  authority  under the Plan  including,
without limitation,  its construction of the terms of the Plan. It is the intent
of the Company in establishing  the Plan that the decisions of the Committee and
its action with respect to the Plan will be final,  binding and conclusive  upon
all  persons  having or  claiming  to have any right or interest in or under the
Plan.

SECTION 5.  BONUSES.

            5.1   ESTABLISHMENT OF AMOUNT AND COMMUNICATION TO PARTICIPANTS.  On
or before March 31 of each year,  commencing  with the year 2001,  the Committee
shall determine the Bonus, if any, payable to each Participant in respect of the
immediately  preceding  calendar  year.  Determination  of such  Bonus  shall be
subject  to and  in  accordance  with  any  employment  agreement  or any  other
agreement between the Company and the Participant.

            5.2   MANDATORY   DEFERRAL.   25%  of  each  such  Bonus   shall  be
immediately  deferred into a Mandatory Stock Unit Account in accordance with the
provisions of Section 6.2(b), unless the Committee in its discretion determines,
on or  before  March 31 of each year  (but no later  than the day on which  such
deferral  occurs),

                                       50
<PAGE>

commencing  with the year 2001,  that the  percentage of each such Bonus for the
immediately  preceding  year to be deferred into a Mandatory  Stock Unit Account
shall be a lower  percentage  but not less than 10%;  provided  further that any
such  determination  shall apply uniformly to all Participants  participating in
the Plan.

            5.3   VOLUNTARY DEFERRAL.  That portion of a Participant's Bonus (or
any part  thereof)  that is not subject to a mandatory  deferral  referred to in
Section 5.2 may be deferred  into a Voluntary  Stock Unit Account in  accordance
with the provisions of Sections 6.1 and 6.2(c).

            5.4   CASH  PAYMENT.  The balance of the  Participant's  Bonus as to
which the above-mentioned  mandatory deferral and the above-mentioned  voluntary
deferral  does not apply shall be payable in a lump sum cash payment by March 31
of each year.

            5.5   MODIFICATION OF VOLUNTARY DEFERRAL.  Notwithstanding any other
provision of the Plan,  at any time prior to the last day of any  calendar  year
the  Committee  may, in its sole  discretion,  determine to decline to implement
voluntary  deferrals  made under the Plan with  respect  to  Bonuses  payable in
respect of such year; provided that any such determination shall apply uniformly
to all Participants participating in the Plan.

SECTION 6.  DEFERRED BONUSES.

            6.1   VOLUNTARY  DEFERRAL BONUS. A Participant may elect  ("Deferred
Bonus  Election")  to defer the  payment of all or part of his Bonus that is not
mandatorily  deferred  into a  Voluntary  Stock Unit  Account (as  described  in
Section 6.2(c) below) by submitting an election form  ("Deferred  Bonus Election
Form") to the  Company  by June 30 of the Plan Year in  respect of which a Bonus
may be payable,  except with  respect to the Bonus for 2000,  in which case such
Deferred  Bonus  Election  Form shall be submitted to the Company by October 31,
2000. The Deferred Bonus Election Form shall indicate:  (i) the Elected Date (as
that term is defined in Section  6.3(b)),  and (ii) the percentage of the Bonus,
if any, to be voluntarily deferred that will not be mandatorily deferred.

            All deferral elections shall be irrevocable once made. A Participant
may  designate,  in a  Deferred  Bonus  Election  Form,  one or more  Designated
Beneficiaries to receive any distributions  under the Plan upon the death of the
Participant in accordance with Section 8.6.

            6.2   COMMON STOCK, STOCK UNIT ACCOUNTS AND DIVIDEND EQUIVALENTS.

                  (a)   COMPANY STOCK.  Subject to the following  sentence,  the
aggregate number of shares of Company Stock reserved for issuance under the Plan
shall be 220,000 shares  presently  held in the treasury of the Company.  In the
event of any merger, reorganization,  recapitalization,  consolidation,  sale or
other distribution of all or substantially all of the assets of the Company, any
stock dividend, split, spin-off, split-up, split-off, distribution of securities
or other  property by the Company,  or other change in the  Company's  corporate
structure  affecting the shares of Company Stock,  the number of shares reserved
under the Plan and the number of Stock  Units then  credited  to  Mandatory  and
Voluntary  Stock Unit  Accounts  pursuant to Section 6.3 shall be  appropriately
adjusted as  determined  by the  Committee  in its sole  discretion  in a manner
intended  to  prevent  dilution  or  enlargement  of the  intended  benefits  to
Participants under the Plan.

                  (b)   MANDATORY  STOCK UNIT ACCOUNTS.  Each portion of a Bonus
required  to  be deferred  pursuant to the Plan  ("Mandatory  Deferred  Amount")
shall be credited to a separate  account  ("Mandatory  Stock Unit  Account")  in
units,  with each unit  representing  one share of Company Stock ("Stock Units")
and the number of Stock Units  calculated in accordance with Section  6.2(d).  A
separate  Mandatory  Stock Unit Account shall be established  for the portion of
each year's Bonus required to be deferred pursuant to the Plan.

                  (c)   VOLUNTARY  STOCK UNIT ACCOUNTS.  Each portion of a Bonus
deferred  by a  Participant  pursuant  to a properly  completed  Deferred  Bonus
Election  Form under  Section 6.1 (the  "Voluntary  Deferred  Amount")  shall be
credited to a separate account  ("Voluntary  Stock Unit Account") in Stock Units
with the number of Stock Units  calculated in accordance with Section 6.2(d).  A
separate  Voluntary  Stock Unit Account shall be established  for the portion of
each year's Bonus elected to be deferred pursuant to the Plan.  (Mandatory Stock
Unit  Accounts  and  Voluntary  Stock  Unit  Accounts  are  referred  to  herein
collectively as "Stock Unit Accounts".)

                  (d)   CALCULATION  OF STOCK  UNITS.  The number of Stock Units
credited to each Stock Unit Account  shall be an amount  equal to the  Mandatory
Deferred Amount and Voluntary Deferred Amount,

                                       51
<PAGE>

respectively,  divided  by 85% of the Fair  Market  Value of a share of  Company
Stock on the day on which the Bonus to which such Mandatory Deferral Amount and/
or Voluntary Deferral Amount relates is determined.

                  (e)   DIVIDEND   EQUIVALENTS.   If  Stock  Units  exist  in  a
Participant's  Mandatory Stock Unit Account or Voluntary Stock Unit Account on a
dividend  record date for the Company  Stock,  each Stock Unit Account  shall be
credited, on the dividend payment date, with an additional number of Stock Units
equal to (i) the cash value of the dividend  paid on one share of Company  Stock
multiplied  by the  number  of Stock  Units in the  Stock  Unit  Account  on the
dividend record date and (ii) divided by 85% of the Fair Market Value of a share
of Company Stock on the trading day immediately  preceding the dividend  payment
date.

                  (f)   VESTING.  All Mandatory and Voluntary  Deferred  Amounts
allocated to Stock Unit Accounts shall be fully vested at all times and shall be
credited to the  appropriate  Stock Unit Account as of the date a  Participant's
Bonus is determined.

            6.3   DISTRIBUTIONS.

                  (a)   DISTRIBUTION DATE OF MANDATORY DEFERRED PAYMENT. Subject
to the  provisions  of  Section  6.3(d),  amounts  credited  to a  Participant's
Mandatory  Stock Unit Account  shall be paid in shares of Company Stock equal to
the  number of Stock  Units  credited  thereto  on the  earlier of (i) the first
business day of the fourth  calendar year following the year in respect of which
the Bonus was payable, (ii) the Participant's  termination of employment for any
reason  or  (iii)  immediately   prior  to  a  Change  of  Control   ("Mandatory
Distribution Date").

                  (b)   DISTRIBUTION DATE OF VOLUNTARY DEFERRED PAYMENT. Subject
to the  provisions  of  Section  6.3(d),  amounts  credited  to a  Participant's
Voluntary  Stock Unit Account  shall be paid in shares of Company Stock equal to
the number of Stock  Units  credited  thereto on the  earlier of (i) the Elected
Date, (ii) the  Participant's  termination of employment for any reason or (iii)
immediately prior to a Change of Control ("Voluntary  Distribution  Date"). Each
Participant  shall  designate  on a  Deferred  Bonus  Election  Form a date (the
"Elected  Date") on which he or she elects to have the  amounts  credited to the
Participant's  Voluntary Stock Unit Account paid;  provided that such date is no
earlier than the first  business day of the fourth  calendar year  following the
year in  respect  of which  the Bonus was  payable  and no later  than the first
business  day of the eleventh  calendar  year  following  the year in respect of
which the Bonus was  payable.  Notwithstanding  the  foregoing,  but  subject to
proviso of the immediately preceding sentence, the Participant may, at least six
months prior to the Elected Date and in the calendar year preceeding the Elected
Date,  on one or more  occasions,  defer such  Elected  Date by filing  with the
Secretary of the Company a written  extension of the Elected Date and the latest
such  extended  date shall be deemed  thereafter  to be the "Elected  Date" with
respect to such Voluntary Stock Unit Account.

                  (c)   EARLY DISTRIBUTION.  Notwithstanding  anything contained
herein to the contrary,  the Committee may permit  distribution of all or a part
of a  Participant's  Mandatory  Stock Unit Account and/or  Voluntary  Stock Unit
Account  earlier than otherwise  provided  herein if it determines,  in its sole
discretion,  following  written request  therefor by the  Participant,  that the
Participant (or his estate or beneficiary) is experiencing a Financial Hardship;
provided  that  such  distribution  may not be in an  amount  greater  than that
determined by the Committee as necessary to alleviate the Financial Hardship.

                  (d)   CASH  IN  LIEU  OF   STOCK.   Notwithstanding   anything
contained herein to the contrary,  if, in the opinion of counsel to the Company,
due to the absence of  stockholder  approval of the Plan or for any other reason
(A) the issuance of shares of Company Stock to  Participants in respect of Stock
Units would  constitute a violation of law or of the rules of any stock exchange
on which the Company Stock is then listed for trading or the rules of the NASDAQ
National Market System if the Company Stock is then traded thereon or (B) shares
of Company Stock issuable to  Participants  in respect of Stock Units may not be
listed for  trading on any stock  exchange  on which the  Company  Stock is then
listed for trading or may not be traded on the NASDAQ  National Market System if
the Company Stock is then traded thereon, then each Participant shall be paid in
cash an amount  equal to the value of the  shares of  Company  Stock  that would
otherwise  have been  distributed  to him or her in respect of such Stock Units;
such shares of Company  Stock  shall be valued at their Fair Market  Value as of
the  close  of  business  on  the  Mandatory   Distribution  Date  or  Voluntary
Distribution Date, as the case may be, or in the case of distributions  pursuant
to Section 6.3(c), on the date of determination provided for therein.

      If any fractional  shares or securities would be issuable to a Participant
in respect of Stock Units, in lieu thereof such fractional  shares or securities
shall be  payable in cash based  upon the Fair  Market  Value of such  shares or

                                       52
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securities on the Mandatory Distribution Date or Voluntary Distribution Date, as
the case may be, or in the case of a distribution pursuant to Section 6.3(c), on
the date of determination as provided for therein.

                  (e)   DISTRIBUTION   FOR   TAXES.   Notwithstanding   anything
contained herein to the contrary, the Committee shall immediately distribute any
portion of a Participant's  Mandatory Stock Unit Account and/or  Voluntary Stock
Unit Account  which has been  determined  by the Internal  Revenue  Service or a
taxing authority of another  jurisdiction,  in a manner which cannot be appealed
or as to which the time to appeal has expired,  to be  currently  taxable to the
Participant or to have been taxable to the Participant in a prior taxable year.

SECTION 7.  TERMINATION OR AMENDMENT OF THE PLAN.

            The Board may amend,  modify,  suspend or terminate  the Plan at any
time,  except that without  stockholder  approval the Board may not increase the
maximum  number  of  shares  which may be  issued  under  the Plan  (other  than
increases  pursuant to the second sentence of Section 6.2(a)) or extend the term
of the Plan. The termination or any  modification,  suspension,  or amendment of
the Plan shall not,  without the consent of a Participant,  adversely affect the
Participant's  rights with respect to Bonuses,  Stock Units and/or Company Stock
previously  awarded to him or her or credited to his or her Stock Unit  Accounts
or  result in a  distribution  of  amounts  credited  to his or her  Stock  Unit
Accounts earlier than otherwise provided herein.

SECTION 8.  MISCELLANEOUS.

            8.1   REORGANIZATION  OR  DISCONTINUANCE.  The  obligations  of  the
Company  under the Plan  shall be  binding  upon any  successor  corporation  or
organization resulting from merger, consolidation or other reorganization of the
Company,  or upon  any  successor  corporation  or  organization  succeeding  to
substantially  all of the assets and business of the  Company.  The Company will
make appropriate  provision for the  preservation of Participants'  rights under
the Plan in any agreement or plan which it may enter into or adopt to effect any
such merger, consolidation, reorganization or transfer of assets.

            8.2   NON-ALIENATION  OF  BENEFITS.  A  Participant  may not assign,
sell,  encumber,  transfer or otherwise dispose of any rights or interests under
the  Plan  except  by  will or by the  laws of  descent  and  distribution.  Any
attempted  disposition in contravention of the preceding  sentence shall be null
and void.

            8.3   NO CLAIM OR RIGHT TO PLAN  PARTICIPATION.  Except as otherwise
specifically  provided in the Plan,  no employee or other  person shall have any
claim or right to be selected as a Participant under the Plan.  Neither the Plan
nor any  action  taken  pursuant  to the Plan shall be  construed  as giving any
employee  any  right  to be  retained  in  the  employ  of  the  Company  or any
subsidiary.

            8.4   RESTRICTIONS  ON STOCK  TRANSFERABILITY.  The Committee  shall
impose such  restrictions  on  disposition  of shares of Company Stock  acquired
under  the Plan as it may deem  advisable  to  comply  with  applicable  Federal
securities  laws, the  requirements of any stock exchange upon which the Company
Stock is then listed or the National  Association  of Securities  Dealers if the
Company  Stock is not then  listed and is traded on the NASDAQ  National  Market
System or on the over-the-counter  market, and blue sky or state securities laws
applicable to such shares.

            8.5   TAXES.  The  Company  shall  have the  power to  withhold,  or
require a Participant to remit to the Company,  an amount  sufficient to satisfy
Federal,  state and local  withholding tax  requirements on any  distribution of
shares of Company Stock or cash pursuant to this Plan. To the extent permissible
under  applicable  tax,  securities,  and other laws, the Company shall,  at the
Participant's  election,  permit the  Participant  to satisfy a tax  withholding
requirement  by directing  the Company to apply shares of Company Stock to which
the  Participant is entitled under the Plan to satisfy such  requirement,  which
shares  shall be  valued  at their  Fair  Market  Value as of the  Mandatory  or
Voluntary  Distribution  Date,  as the  case may be,  or in the case of  amounts
distributed  pursuant to Section 6.3(c),  valued as of the date of determination
provided for therein.

            8.6   DESIGNATION  AND CHANGE OF BENEFICIARY.  Each  Participant may
indicate at any time after being  notified that he or she is a  Participant  the
designation  of one or more  persons as his or her  Designated  Beneficiary  who
shall be entitled to receive the amount, if any, payable under the Plan upon the
death of the Participant. Such designation shall be in writing to the Committee,
or an officer of the Company  designated by the

                                       53
<PAGE>

Committee.  A Participant  may,  from time to time,  revoke or change his or her
Designated  Beneficiary without the consent of any prior Designated  Beneficiary
by filing a written  designation with the Committee or such designated  officer.
The last such  designation  received by the  Committee or such officer  shall be
controlling;  provided,  however,  that no designation,  or change or revocation
thereof,  shall be  effective  unless  received  by the  Committee  prior to the
Participant's death, and in no event shall it be effective as of a date prior to
such receipt. In the absence of any designation of a Designated Beneficiary, the
benefits  hereunder  unpaid  at the  Participant's  death  shall  be paid to his
estate.

            8.7   PAYMENTS  TO  PERSONS  OTHER  THAN  THE  PARTICIPANT.  If  the
Committee  shall find that any  person to whom any  amount is payable  under the
Plan is unable to care for his or her  affairs  because of illness or  accident,
then any payment  due to such person or his or her estate  (unless a prior claim
therefor has been made by a duly  appointed  legal  representative)  may, if the
Committee  so directs,  be paid to his or her spouse,  a child,  a relative,  an
institution  maintaining or having  custody of such person,  or any other person
deemed by the Committee,  in its sole  discretion,  to be a proper  recipient on
behalf of such person otherwise entitled to payment. Any such payment shall be a
complete discharge of the liability of the Company therefor.

            8.8   NO LIABILITY OF COMMITTEE MEMBERS.  No member of the Committee
shall be personally  liable by reason of any act taken  hereunder or any failure
to act  hereunder  or on his or her behalf in his or her capacity as a member of
the Committee,  and the Company shall indemnify and hold harmless each member of
the Committee and any employee,  officer, or director of the Company to whom any
duty or power relating to the  administration  or interpretation of the Plan may
be delegated,  against any cost or expense (including legal fees,  disbursements
and other related charges) or liability (including any sum paid in settlement of
a claim with the approval of the Board of  Directors)  arising out of any act or
omission to act in connection with the Plan, unless arising out of such person's
own fraud or willful misconduct.

            8.9   UNFUNDED PLAN.  Participants  shall have no right,  title,  or
interest  whatsoever in or to any investments  which the Company may make to aid
it in meeting its obligations under the Plan. Nothing contained in the Plan, and
no action  taken  pursuant to its  provisions,  shall  create or be construed to
create a trust of any kind, or a fiduciary  relationship between the Company and
any Participant,  beneficiary,  legal representative or any other person. To the
extent  that any person  acquires a right to receive  payments  from the Company
under the Plan,  such right shall be no greater  than the right of an  unsecured
general creditor of the Company. All payments to be made hereunder shall be paid
from the general  funds of the Company and no special or separate  fund shall be
established and no segregation of assets shall be made to assure payment of such
amounts except as expressly set forth in the Plan.

            The Plan is not  intended to be subject to the  Employee  Retirement
Income Security Act of 1974, as amended (ERISA").

            8.10  RIGHTS AS A STOCKHOLDER.  No Participant shall have any rights
as a stockholder  of the Company with respect to any Stock Units credited to his
Stock Unit Accounts.

            8.11  GOVERNING LAW. This Plan shall be governed by and construed in
accordance with laws of the State of Delaware  applicable to agreements made and
to be performed  entirely  within such state (without  regard to any conflict of
law provisions that might indicate the applicability of any other laws).

            8.12  EFFECTIVE DATE. This Plan shall become effective as of October
24, 2000.

            8.13  DURATION.  Subject  to the  provisions  of Section 7, the Plan
shall  remain in effect  until the  earlier of (a) all  shares of Company  Stock
subject to it shall have been  allocated  to Stock Unit  Accounts in the form of
Stock Units and paid out to Participants,  (b) the Board terminates the Plan, or
(c) 10 years from the effective date of the Plan.

                                       54
<PAGE>

EXHIBIT 11

SEE NOTE C TO THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS FOR INFORMATION
RELATING TO THE CALCULATION OF BASIC EPS AND DILUTED EPS.

                                       55

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