Document:

Exhibit 10.5  

META GROUP, INC.

AMENDED AND RESTATED

1995 NON-EMPLOYEE DIRECTOR STOCK OPTION PLAN  

        1.    Purpose.    This non-qualified stock option plan, to be known as the Amended and Restated 1995
Non-Employee Director Stock Option Plan (hereinafter, this "Plan"), is intended to promote the interests of META Group, Inc. (hereinafter, the "Company") by providing an inducement
to obtain and retain the services of qualified persons who are not employees or officers of the Company to serve as members of its Board of Directors (the "Board"). 

        2.    Available Shares.    The total number of shares of Common Stock, par value $0.01 per share, of the Company (the
"Common Stock") for which options may be granted under this Plan shall not exceed 350,000 shares, subject to adjustment in accordance with paragraph 10 of this Plan. Shares subject to this Plan
are authorized but unissued shares or shares that were once issued and subsequently reacquired by the Company. If any options granted under this Plan are surrendered before exercise or lapse without
exercise, in whole or in part, the shares reserved therefor shall continue to be available under this Plan. 

        3.    Administration.    This Plan shall be administered by the Board or by a committee appointed by the Board (the
"Committee"). In the event the Board fails to appoint or refrains from appointing a Committee, the Board shall have all power and authority to administer this Plan. In such event, the word "Committee"
wherever used herein shall be deemed to mean the Board. The Committee shall, subject to the provisions of the Plan, have the power to construe this Plan, to determine all questions hereunder, and to
adopt and amend such rules and regulations for the administration of this Plan as it
may deem desirable. No member of the Board or the Committee shall be liable for any action or determination made in good faith with respect to this Plan or any option granted under it. 

        4.    Automatic Grant of Options.    Subject to the availability of shares under this Plan, 

        (a)
each person who first becomes a member of the Board after the effective date of an initial public offering of the Company's Common Stock and who is not an employee or officer of the
Company (a "Non-Employee Director") shall be automatically granted on the date such person becomes a member of the Board, without further action by the Board, an option to purchase 15,000
shares of the Common Stock, and 

        (b)
after the effective date of an initial public offering of the Company's Common Stock, each person who is a Non-Employee Director on each successive one-year
anniversary (during the term of this Plan) of the date of such person's first election to the Board shall be automatically granted on each such date an option to purchase 7,500 shares of the Common
Stock. 

        The
options to be granted under this paragraph 4 shall be the only options ever to be granted at any time to such member under this Plan. 

        5.    Option Price.    The purchase price of the stock covered by an option granted pursuant to this Plan shall be
100% of the fair market value of such shares on the day the option is granted. The option price will be subject to adjustment in accordance with the provisions of paragraph 10 of this Plan. For
purposes of this Plan, if, at the time an option is granted under the Plan, the Company's Common Stock is publicly traded, "fair market value" shall be determined as of the date of such grant or, if
such prices or quotes discussed in this sentence are unavailable for such date, the last business day for which the prices or quotes discussed in this sentence are available prior to the date of grant
and shall mean (i) the average (on that date) of the high and low prices of the Common Stock on the 

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principal national securities exchange on which the Common Stock is traded, if the Common Stock is then traded on a national securities exchange; or (ii) the last reported sale price (on that
date) of the Common Stock on the Nasdaq National Market, if the Common Stock is not then traded on a national securities exchange; or (iii) the closing bid price (or average of bid prices) last
quoted (on that date) by an established quotation service for over-the-counter securities, if the Common Stock is not reported on the Nasdaq National Market. If the Common
Stock is not publicly traded at the time an option is granted under the Plan, "fair market value" shall mean the fair value of the Common Stock as determined by the Committee after taking into
consideration all factors which it deems appropriate, including, without limitation, recent sale and offer prices of the Common Stock in private transactions negotiated at arm's length. 

        6.    Period of Option.    Unless sooner terminated in accordance with the provisions of paragraph 8 of this
Plan, an option granted hereunder shall expire on the date which is ten (10) years after the date of grant of the option. 

        7.    Vesting of Shares and Non-Transferability of Options.    

        (a)
Options granted under this Plan shall not be exercisable until they become vested. Options granted under this Plan shall vest in the optionee and thus become exercisable as follows,
provided that the optionee has continuously served as a member of the Board through such vesting date: 

	(i)
	For
options granted pursuant to Section 4(a) hereof: 

	Percentage of Option

Shares for which

Option Will be Exercisable
	 	Date of Vesting

	331/3%	 	Less than one year from the date of grant
	

662/3%	
 	

One year from the date of grant
	

100%	
 	

Two years from the date of grant

The number of shares as to which options may be exercised shall be cumulative, so that once the option shall become exercisable as to any shares it shall continue to be
exercisable as to said shares, until expiration or termination of the option as provided in this Plan. 

	(ii)
	For
options granted pursuant to Section 4(b) hereof, all such options shall vest in full on the one-year anniversary of the date of
grant. 

        (b)
Non-transferability. Any option granted pursuant to this Plan shall not be assignable or transferable other than by will
or the laws of descent and distribution or pursuant to a domestic relations order and shall be exercisable during the optionee's lifetime only by him or her. 

        8.    Termination of Option Rights.    

        (a)
Except as otherwise specified in the agreement relating to an option, in the event an optionee ceases to be a member of the Board for any reason other than death or permanent
disability, any then unexercised portion of options granted to such optionee shall, to the extent not then vested, immediately terminate and become void; any portion of an option which is then vested
but has not been exercised at the time the optionee so ceases to be a member of the Board may be exercised, to the extent it is then vested, by the optionee within 90 days of the date the
optionee ceased to be a member of the Board; and all options shall terminate after such 90 days have expired. 

        (b)
In the event that an optionee ceases to be a member of the Board by reason of his or her death or permanent disability, any option granted to such optionee shall be immediately and
automatically accelerated and become fully vested and all unexercised options shall be exercisable by the optionee (or by the optionee's personal representative, heir or legatee, in the event of
death) until the scheduled expiration date of the option. 

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        9.    Exercise of Option.    Subject to the terms and conditions of this Plan and the option agreements, an option
granted hereunder shall, to the extent then exercisable, be exercisable in whole or in part by giving written notice to the Company by mail or in person addressed to META Group, Inc., at its
principal executive offices, stating the number of shares with respect to which the option is being exercised, accompanied by payment in full for such shares. Payment may be (a) in United
States dollars in cash or by check, (b) in whole or in part in shares of the Common Stock of the Company already owned by the person or persons exercising the option or shares subject to the
option being exercised (subject to such restrictions and guidelines as the Board may adopt from time to time), valued at fair market value determined in accordance with the provisions of
paragraph 5 or (c) consistent with applicable law, through the delivery of an assignment to the Company of a sufficient amount of the proceeds from the sale of the Common Stock acquired
upon exercise of the option and an authorization to the broker or selling agent to pay that amount to the Company, which sale shall be at the participant's direction at the time of exercise. There
shall be no such exercise at any one time as to fewer than one hundred (100) shares or all of the remaining shares then purchasable by the person or persons exercising the option, if fewer than
one hundred (100) shares. The Company's transfer agent shall, on behalf of the Company, prepare a certificate or certificates representing such shares acquired pursuant to exercise of the
option, shall register the optionee as the owner of such shares on the books of the Company and shall cause the fully executed certificate(s) representing such shares to be delivered to the optionee
as soon as practicable after payment of the option price in full. The holder of an option shall not have any rights of a stockholder with respect to the shares covered by the option, except to the
extent that one or more certificates for such shares shall be delivered to him or her upon the due exercise of the option. 

        10.    Adjustments Upon Changes in Capitalization and Other Events.    Upon the occurrence of any of the following
events, an optionee's rights with respect to options granted to him or her hereunder shall be adjusted as hereinafter provided: 

        (a)
Stock Dividends and Stock Splits. If the shares of Common Stock shall be subdivided or combined into a greater or smaller number of
shares or if the Company shall issue any shares of Common Stock as a stock dividend on its outstanding Common Stock, the number of shares of Common Stock deliverable upon the exercise of options shall
be appropriately increased or decreased proportionately, and appropriate adjustments shall be made in the purchase price per share to reflect such subdivision, combination or stock dividend. 

        (b)  Recapitalization Adjustments. If the Company is to be consolidated with or acquired by another entity in a merger, sale of all or
substantially all of the Company's assets or otherwise, each option granted under this Plan which is outstanding but unvested as of the effective date of such event shall become exercisable in full
thirty (30) days prior to the effective date of such event. In the event of a reorganization, recapitalization, merger, consolidation, or any other change in the corporate structure or shares
of the Company, to the extent permitted by Rule 16b-3 under the Securities Exchange Act of 1934, adjustments in the number and kind of shares authorized by this Plan and in the
number and kind of shares covered by, and in the option price of outstanding options under this Plan necessary to maintain the proportionate interest of the optionee and preserve, without exceeding,
the value of such option, shall be made. Notwithstanding the foregoing, no such adjustment shall be made which would, within the meaning of any applicable provisions of the Internal Revenue Code of
1986, as amended,
constitute a modification, extension or renewal of any option or a grant of additional benefits to the holder of an option. 

        (c)
Issuances of Securities. Except as expressly provided herein, no issuance by the Company of shares of stock of any class, or
securities convertible into shares of stock of any class, shall affect, and no adjustment by reason thereof shall be made with respect to, the number or price of shares subject to options. No
adjustments shall be made for dividends paid in cash or in property other than securities of the Company. 

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        (d)
Adjustments. Upon the happening of any of the foregoing events, the class and aggregate number of shares set forth in
paragraph 2 of this Plan that are subject to options which previously have been or subsequently may be granted under this Plan shall also be appropriately adjusted to reflect such events. The
Board shall determine the specific adjustments to be made under this paragraph 10 and its determination shall be conclusive. 

        11.    Restrictions on Issuance of Shares.    Notwithstanding the provisions of paragraphs 4 and 9 of this Plan, the
Company shall have no obligation to deliver any certificate or certificates upon exercise of an option until one of the following conditions shall be satisfied: 

        (a)
The issuance of shares with respect to which the option has been exercised is at the time of the issue of such shares effectively registered under applicable Federal and state
securities laws as now in force or hereafter amended; or 

        (b)
Counsel for the Company shall have given an opinion that the issuance of such shares is exempt from registration under Federal and state securities laws as now in force or hereafter
amended; and the Company has complied with all applicable laws and regulations with respect thereto, including without limitation all regulations required by any stock exchange upon which the
Company's outstanding Common Stock is then listed. 

        12.    Legend on Certificates.    The certificates representing shares issued pursuant to the exercise of an option
granted hereunder shall carry such appropriate legend, and such written instructions shall be given to the Company's transfer agent, as may be deemed necessary or advisable by counsel to the Company
in order to comply with the requirements of the Securities Act of 1933 or any state securities laws. 

        13.    Representation of Optionee.    If requested by the Company, the optionee shall deliver to the Company written
representations and warranties upon exercise of the option that are necessary to show compliance with Federal and state securities laws, including representations and warranties to the effect that a
purchase of shares under the option is made for investment and not with a view to their distribution (as that term is used in the Securities Act of 1933). 

        14.    Option Agreement.    Each option granted under the provisions of this Plan shall be evidenced by an option
agreement, which agreement shall be duly executed and delivered on behalf of the Company and by the optionee to whom such option is granted. The option agreement shall contain such terms, provisions
and conditions not inconsistent with this Plan as may be determined by the officer executing it. 

        15.    Termination and Amendment of Plan.    Options may no longer be granted under this Plan after October 2,
2005, and this Plan shall terminate when all options granted or to be granted hereunder are no longer outstanding. The Board may at any time terminate this Plan or make such modification or amendment
thereof as it deems advisable; provided, however, that the Board may not, without approval by the affirmative vote of the holders of a majority of the shares of Common Stock present in person or by
proxy and voting on such matter at a meeting, (a) increase the maximum number of shares for which options may be granted under this Plan (except by adjustment pursuant to Section 10),
(b) materially modify the requirements as to eligibility to participate in this Plan, (c) materially increase benefits accruing to option holders under this Plan or (d) amend this
Plan in any manner which would cause Rule 16b-3 under the Securities Exchange Act (or any successor or amended provision thereof) to become inapplicable to this Plan; and provided
further that the provisions of this Plan specified in Rule 16b-3(c)(2)(ii)(A) (or any successor or amended provision thereof) under the Securities Exchange Act of 1934 (including
without limitation, provisions as to eligibility, amount, price and timing of awards) may not be amended more than once every six months, other than to comport with changes in the Internal Revenue
Code, the Employee Retirement Income Security Act, or the rules thereunder. Termination or any modification or amendment of this Plan shall 

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not, without consent of a participant, affect his or her rights under an option previously granted to him or her. 

        16.    Withholding of Income Taxes.    Upon the exercise of an option, the Company, in accordance with
Section 3402(a) of the Internal Revenue Code, may require the optionee to pay withholding taxes in respect of amounts considered to be compensation includable in the optionee's gross income. 

        17.    Compliance with Regulations.    It is the Company's intent that the Plan comply in all respects with
Rule 16b-3 under the Securities Exchange Act of 1934 (or any successor or amended provision thereof) and any applicable Securities and Exchange Commission interpretations thereof.
If any provision of this Plan is deemed not to be in compliance with Rule 16b-3, the provision shall be null and void. 

        18.    Governing Law.    The validity and construction of this Plan and the instruments evidencing options shall be
governed by the laws of the State of Delaware, without giving effect to the principles of conflicts of law thereof. 

Date
1995 Non-Employee Director Stock Option Plan approved by Board of Directors of the Company: October 2, 1995 

Date
1995 Non-Employee Director Stock Option Plan approved by Stockholders of the Company: October 4, 1995 

Date
Amended and Restated 1995 Non-Employee Director Stock Option Plan approved by Board of Directors of the Company: March 31, 2001 

Date
Amended and Restated 1995 Non-Employee Director Stock Option Plan approved by Stockholders of the Company: May 24, 2001 

5Exhibit 10.20  

META GROUP, INC.

SECOND AMENDED AND RESTATED 1995 EMPLOYEE STOCK PURCHASE PLAN  

Article 1—Purpose.  

        This Second Amended and Restated 1995 Employee Stock Purchase Plan (the "Plan") is intended to encourage stock ownership by all eligible employees of META
Group, Inc. (the "Company"), a Delaware corporation, and its participating subsidiaries (as defined in Article 17) so that they may share in the growth of the Company by acquiring or
increasing their proprietary interest in the Company. The Plan is designed to encourage eligible employees to remain in the employ of the Company and its participating subsidiaries. The Plan is
intended to constitute an "employee stock purchase plan" within the meaning of Section 423(b) of the Internal Revenue Code of 1986, as amended (the "Code"). 

Article 2—Administration of the Plan.  

        The Plan may be administered by a committee appointed by the Board of Directors of the Company (the "Committee"). The Committee shall consist of not less than two
members of the Company's Board of Directors. The Board of Directors may from time to time remove members from, or add members to, the Committee. Vacancies on the Committee, howsoever caused, shall be
filled by the Board of Directors. The Committee may select one of its members as Chairman, and shall hold meetings at such times and places as it may determine. Acts by a majority of the Committee, or
acts reduced to or approved in writing by a majority of the members of the Committee, shall be the valid acts of the Committee. 

        The
interpretation and construction by the Committee of any provisions of the Plan or of any option granted under it shall be final, unless otherwise determined by the Board of
Directors. The Committee may from time to time adopt such rules and regulations for carrying out the Plan as it may deem best, provided that any such rules and regulations shall be applied on a
uniform basis to all employees under the Plan. No member of the Board of Directors or the Committee shall be liable for any action or determination made in good faith with respect to the Plan or any
option granted under it. 

        In
the event the Board of Directors fails to appoint or refrains from appointing a Committee, the Board of Directors shall have all power and authority to administer the Plan. In such
event, the word "Committee" wherever used herein shall be deemed to mean the Board of Directors. 

        Each
member of the Committee shall be a "disinterested director," i.e., except as otherwise permitted under Section 16(b) of the
Securities Exchange Act of 1934 (the "Exchange Act") and paragraph (c)(2)(i) of Rule 16b-3 thereunder, no member of the Committee shall be granted, nor shall have been
granted, "equity securities" (within the meaning of 17C.F.R. §240.16a-1(d)) pursuant to the Plan or any other plan of the Company or its "affiliates" (as defined in the
Exchange Act) at any time during the period commencing with the date which is one year after date on which his service on the Committee ceases. Notwithstanding the preceding sentence, (i) the
grant or award of such an equity security to a member of the Committee prior to the date of the effectiveness of the Company's initial registration statement under Section 12 of the Exchange
Act shall not cause the Committee member to fail to be "disinterested," and (ii) a member of the Committee may receive stock options under the META Group, Inc. 1995
Non-Employee Director Stock Option Plan. 

Article 3—Eligible Employees.  

        All employees of the Company or any of its participating subsidiaries whose customary employment is more than twenty (20) hours per week and for more than
five (5) months in any 

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calendar year shall be eligible to receive options under the Plan to purchase common stock of the Company, and all eligible employees shall have the same rights and privileges hereunder. Persons who
are eligible employees on the first business day of any Payment Period (as defined in Article 5) shall receive their options as of such day. Persons who become eligible employees after any date
on which options are granted under the Plan shall be granted options on the first day of the next succeeding Payment Period on which options are granted to eligible employees under the Plan. Directors
who are not employees of the Company shall not be eligible to receive options under this Plan. In no event, however, may an employee be granted an option if such employee, immediately after the option
was granted, would be treated as owning stock possessing five percent (5%) or more of the total combined voting power or value of all classes of stock of the Company or of any parent corporation or
subsidiary corporation, as the terms "parent corporation" and "subsidiary corporation" are defined in Section 424(e) and (f) of the Code. For purposes of determining stock ownership
under this paragraph, the rules of Section 424(d) of the Code shall apply, and stock which the employee may purchase under outstanding options shall be treated as stock owned by the employee. 

Article 4—Stock Subject to the Plan.  

        The stock subject to the options under the Plan shall be shares of the Company's authorized but unissued common stock, par value $0.01 per share (the "Common
Stock"), or shares of Common Stock reacquired by the Company, including shares purchased in the open market. The aggregate number of shares which may be issued pursuant to the Plan is 750,000, subject
to adjustment as provided in Article 12. If any option granted under the Plan shall expire or terminate for any reason without having been exercised in full or shall cease for any reason to be
exercisable in whole or in part, the unpurchased shares subject thereto shall again be available under the Plan. 

Article 5—Payment Period and Stock Options.  

        The first Payment Period during which payroll deductions will be accumulated under the Plan shall commence on January 1, 1996 and shall end on
June 30, 1996. For the remainder of the duration of the Plan, Payment Periods shall consist of the six-month periods commencing on January 1 and July 1 and ending on
December 31 and June 30 of each calendar year. 

        Twice
each year, on the first business day of each Payment Period, the Company will grant to each eligible employee who is then a participant in the Plan an option to purchase on the
last day of such Payment Period, at the Option Price hereinafter provided for, a maximum of 750 shares, on condition that such employee remains eligible to participate in the Plan throughout the
remainder of such Payment Period. The participant shall be entitled to exercise the option so granted only to the extent of the participant's accumulated payroll deductions on the last day of such
Payment Period. If the participant's accumulated payroll deductions on the last day of the Payment Period would enable the participant to purchase more than 750 shares except for the 750 share
limitation, the excess of the amount of the accumulated payroll deductions over the aggregate purchase price of the 750 shares shall be promptly refunded to the participant by the Company, without
interest. The Option Price per share for each Payment Period shall be the lesser of (i) 85% of the average market price of the Common Stock on the first business day of the Payment Period and
(ii) 85% of the average market price of the Common Stock on the last business day of the Payment Period, in either event rounded up to avoid fractions of a dollar other than 1/4,
1/2 and 3/4. The foregoing limitation on the number of shares subject to option and the Option Price shall be subject to adjustment as provided in Article 12. 

        For
purposes of the Plan, the term "average market price" on any date means (i) the average (on that date) of the high and low prices of the Common Stock on the principal national
securities exchange on which the Common Stock is traded, if the Common Stock is then traded on a national securities exchange; or (ii) the last reported sale price (on that date) of the Common
Stock on the Nasdaq Stock Market, if the Common Stock is not then traded on a national securities exchange; or 

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(iii) the average of the closing bid and asked prices last quoted (on that date) by an established quotation service for over-the-counter securities, if the Common
Stock is not reported on the Nasdaq Stock Market; or (iv) if the Common Stock is not publicly traded, the fair market value of the Common Stock as determined by the Committee after taking into
consideration all factors which it deems appropriate, including, without limitation, recent sale and offer prices of the Common Stock in private transactions negotiated at arm's length. 

        For
purposes of the Plan, the term "business day" means a day on which there is trading on the Nasdaq Stock Market or the aforementioned national securities exchange, whichever is
applicable pursuant to the preceding paragraph. 

        No
employee shall be granted an option which permits the employee's right to purchase stock under the Plan, and under all other Section 423(b) employee stock purchase plans of the
Company and any parent or subsidiary corporations, to accrue at a rate which exceeds $25,000 of fair market value of such stock (determined on the date or dates that options on such stock were
granted) for each calendar year in which such option is outstanding at any time. The purpose of the limitation in the preceding sentence is to comply with Section 423(b)(8) of the Code. If the
participant's accumulated payroll deductions on the last day of the Payment Period would otherwise enable the participant to purchase Common Stock in excess of the Section 423(b)(8) limitation
described in this paragraph, the excess of the amount of the accumulated payroll deductions over the aggregate purchase price of the shares actually purchased shall be promptly refunded to the
participant by the Company, without interest. 

Article 6—Exercise of Option.  

        Each eligible employee who continues to be a participant in the Plan on the last day of a Payment Period shall be deemed to have exercised his or her option on
such date and shall be deemed to have purchased from the Company such number of full shares of Common Stock reserved for the purpose of the Plan as the participant's accumulated payroll deductions on
such date will pay for at the Option Price, subject to the 750 share limit of the option and the Section 423(b)(8) limitation described in Article 5. If the individual is not a
participant on the last day of a Payment Period, then he or she shall not be entitled to exercise his or her option. Only full shares of Common Stock may be purchased under the Plan. Unused payroll
deductions remaining in a participant's account at the end of a Payment Period by reason of the inability to purchase a fractional share shall be carried forward to the next Payment Period. 

Article 7—Authorization for Entering the Plan.  

        An employee may elect to enter the Plan by filling out, signing and delivering to the Company an authorization: 

        A.    Stating
the percentage to be deducted regularly from the employee's pay; 

        B.    Authorizing
the purchase of stock for the employee in each Payment Period in accordance with the terms of the Plan; and 

        C.    Specifying
the exact name or names in which stock purchased for the employee is to be issued as provided under Article 11 hereof. 

        Such
authorization must be received by the Company at least ten business days before the first day of the next succeeding Payment Period and shall take effect only if the employee is an
eligible employee on the first business day of such Payment Period. 

        Unless
a participant files a new authorization or withdraws from the Plan, the deductions and purchases under the authorization the participant has on file under the Plan will continue
from one Payment Period to succeeding Payment Periods as long as the Plan remains in effect. 

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        The
Company will accumulate and hold for each participant's account the amounts deducted from his or her pay. No interest will be paid on these amounts. 

Article 8—Maximum Amount of Payroll Deductions.  

        An employee may authorize payroll deductions in an amount (expressed as a whole percentage) not less than one percent (1%) but not more than fifteen percent (15%)
of the employee's total compensation, including base pay or salary and any overtime, bonuses or commissions. 

Article 9—Change in Payroll Deductions.  

        Deductions may not be increased or decreased during a Payment Period. However, a participant may withdraw in full from the Plan. 

Article 10—Withdrawal from the Plan.  

        An employee may withdraw from the Plan (in whole but not in part) at any time prior to the last day of a Payment Period by delivering a withdrawal notice to the
Company, in which case the Company will promptly refund the entire balance of the employee's deductions not previously used to purchase stock under the Plan. 

        To
re-enter the Plan, an employee who has previously withdrawn must file a new authorization at least ten business days before the first day of the next Payment Period
in which he or she wishes to participate. The employee's re-entry into the Plan becomes effective at the beginning of such Payment Period, provided that he or she is an eligible employee
on the first business day of the Payment Period. 

Article 11—Issuance of Stock.  

        Certificates for stock issued to participants shall be delivered as soon as practicable after each Payment Period by the Company's transfer agent. 

        Stock
purchased under the Plan shall be issued only in the name of the participant, or if the participant's authorization so specifies, in the name of the participant and another person
of legal age as joint tenants with rights of survivorship. 

Article 12—Adjustments.  

        Upon the happening of any of the following described events, a participant's rights under options granted under the Plan shall be adjusted as hereinafter
provided: 

        A.    In
the event that the shares of Common Stock shall be subdivided or combined into a greater or smaller number of shares or if, upon a reorganization,
split-up, liquidation, recapitalization or the like of the Company, the shares of Common Stock shall be exchanged for other securities of the Company, each participant shall be entitled,
subject to the conditions herein stated, to purchase such number of shares of Common Stock or amount of other securities of the Company as were exchangeable for the number of shares of Common Stock
that such participant would have been entitled to purchase except for such action, and appropriate adjustments shall be made in the purchase price per share to reflect such subdivision, combination or
exchange; and 

        B.    In
the event the Company shall issue any of its shares as a stock dividend upon or with respect to the shares of stock of the class which shall at the time be subject to
option hereunder, each participant upon exercising such an option shall be entitled to receive (for the purchase price paid upon such exercise) the shares as to which the participant is exercising his
or her option and, in addition thereto (at no additional cost), such number of shares of the class or classes in which such stock dividend or dividends were declared or paid, and such amount of cash
in lieu of fractional shares, 

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as is equal to the number of shares thereof and the amount of cash in lieu of fractional shares, respectively, which the participant would have received if the participant had been the holder of the
shares as to which the participant is exercising his or her option at all times between the date of the granting of such option and the date of its exercise. 

        Upon
the happening of any of the foregoing events, the class and aggregate number of shares set forth in Article 4 hereof which are subject to options which have been or may be
granted under the Plan and the limitations set forth in the second paragraph of Article 5 shall also be appropriately adjusted to reflect the events specified in paragraphs A. and B. above.
Notwithstanding the foregoing, any adjustments made pursuant to paragraphs A. or B. shall be made only after the Committee, based on advice of counsel for the Company, determines whether such
adjustments would constitute a "modification" (as that term is defined in Section 424 of the Code). If the Committee determines that such adjustments would constitute a modification, it may
refrain from making such adjustments. 

        If
the Company is to be consolidated with or acquired by another entity in a merger, a sale of all or substantially all of the Company's assets or otherwise (an "Acquisition"), the
Committee shall, with respect to options then outstanding under the Plan, either (i) make appropriate provision for the exchange of such options on an equitable basis for the consideration
payable with respect to the outstanding shares of the Company's Common Stock in connection with the Acquisition, or (ii) terminate all outstanding options in exchange for a cash payment equal
to the excess of the fair market value of the shares subject to the options (determined as of the date of the Acquisition) over the Option Price thereof (determined with reference only to the first
business day of the applicable Payment Period). 

        The
Committee shall determine the adjustments to be made under this Article 12, and its determination shall be conclusive. 

Article 13—No Transfer or Assignment of Employee's Rights.  

        An employee's rights under the Plan are the employee's alone and may not be transferred or assigned to, or availed of by, any other person other than by will or
the laws of descent and distribution. Any option granted under the Plan to an employee may be exercised, during the employee's lifetime, only by the employee. 

Article 14—Termination of Employee's Rights.  

        Whenever a participant ceases to be an eligible employee because of retirement, voluntary or involuntary termination, resignation, layoff, discharge, death or for
any other reason, his or her rights under the Plan shall immediately terminate, and the Company shall promptly refund, without interest, the entire balance of his or her payroll deduction account
under the Plan. Notwithstanding the foregoing, eligible employment shall be treated as continuing intact while a participant is on military leave, sick leave or other bona fide leave of absence, for
up to 90 days, or for so long as the participant's right to re-employment is guaranteed either by statute or by contract, if longer than 90 days. 

        If
a participant's payroll deductions are interrupted by any legal process, a withdrawal notice will be considered as having been received from the participant on the day the
interruption occurs. 

Article 15—Termination and Amendments to Plan.  

        Unless terminated sooner as provided below, the Plan shall terminate on January 1, 2006. The Plan may be terminated at any time by the Company's Board of
Directors but such termination shall not affect options then outstanding under the Plan. It will terminate in any case when all or substantially all of the unissued shares of stock reserved for the
purposes of the Plan have been 

5

 

purchased. If at any time shares of stock reserved for the purpose of the Plan remain available for purchase but not in sufficient number to satisfy all then unfilled purchase requirements, the
available shares shall be apportioned among participants in proportion to the amount of payroll deductions accumulated on behalf of each participant that would otherwise be used to purchase stock, and
the Plan shall terminate. Upon such termination or any other termination of the Plan, all payroll deductions not used to purchase stock will be refunded, without interest. 

        The
Committee or the Board of Directors may from time to time adopt amendments to the Plan provided that, without the approval of the stockholders of the Company, no amendment may
(i) increase the number of shares that may be issued under the Plan; (ii) change the class of employees eligible to receive options under the Plan, if such action would be treated as the
adoption of a new plan for purposes of Section 423(b) of the Code; or (iii) cause Rule 16b-3 under the Securities Exchange Act of 1934 to become inapplicable to the
Plan. 

Article 16—Limits on Sale of Stock Purchased under the Plan.  

        The Plan is intended to provide shares of Common Stock for investment and not for resale. The Company does not, however, intend to restrict or influence any
employee in the conduct of his or her own affairs. An employee may, therefore, sell stock purchased under the Plan at any time the employee chooses, subject to compliance with any applicable federal
or state securities laws and subject to any restrictions imposed under Article 21 to ensure that tax withholding obligations are satisfied. THE EMPLOYEE ASSUMES THE RISK OF ANY MARKET
FLUCTUATIONS IN THE PRICE OF THE STOCK. 

Article 17—Participating Subsidiaries.  

        The term "participating subsidiary" shall mean any present or future subsidiary of the Company, as that term is defined in Section 424(f) of the Code,
which is designated from time to time by the Board of Directors to participate in the Plan. The Board of Directors shall have the power to make such designation before or after the Plan is approved by
the stockholders. 

Article 18—Optionees Not Stockholders.  

        Neither the granting of an option to an employee nor the deductions from his or her pay shall constitute such employee a stockholder of the shares covered by an
option until such shares have been actually purchased by the employee. 

Article 19—Application of Funds.  

        The proceeds received by the Company from the sale of Common Stock pursuant to options granted under the Plan will be used for general corporate purposes. 

Article 20—Notice to Company of Disqualifying Disposition.  

        By electing to participate in the Plan, each participant agrees to notify the Company in writing immediately after the participant transfers Common Stock acquired
under the Plan, if such transfer occurs within two years after the first business day of the Payment Period in which such Common Stock was acquired. Each participant further agrees to provide any
information about such a transfer as may be requested by the Company or any subsidiary corporation in order to assist it in complying with the tax laws. Such dispositions generally are treated as
"disqualifying dispositions" under Sections 421 and
424 of the Code, which have certain tax consequences to participants and to the Company and its participating subsidiaries. 

6

 

Article 21—Withholding of Additional Income Taxes.  

        By electing to participate in the Plan, each participant acknowledges that the Company and its participating subsidiaries are required to withhold taxes with
respect to the amounts deducted from the participant's compensation and accumulated for the benefit of the participant under the Plan, and each participant agrees that the Company and its
participating subsidiaries may deduct additional amounts from the participant's compensation, when amounts are added to the participant's account, used to purchase Common Stock or refunded, in order
to satisfy such withholding obligations. Each participant further acknowledges that when Common Stock is purchased under the Plan the Company and its participating subsidiaries may be required to
withhold taxes with respect to all or a portion of the difference between the fair market value of the Common Stock purchased and its purchase price, and each participant agrees that such taxes may be
withheld from compensation otherwise payable to such participant. It is intended that tax withholding will be accomplished in such a manner that the full amount of payroll deductions elected by the
participant under Article 7 will be used to purchase Common Stock. However, if amounts sufficient to satisfy applicable tax withholding obligations have not been withheld from compensation
otherwise payable to any participant, then, notwithstanding any other provision of the Plan, the Company may withhold such taxes from the participant's accumulated payroll deductions and apply the net
amount to the purchase of Common Stock, unless the participant pays to the Company, prior to the exercise date, an amount sufficient to satisfy such withholding obligations. Each participant further
acknowledges that the Company and its participating subsidiaries may be required to withhold taxes in connection with the disposition of stock acquired under the Plan and agrees that the Company or
any participating subsidiary may take whatever action it considers appropriate to satisfy such withholding requirements, including deducting from compensation otherwise payable to such participant an
amount sufficient to satisfy such withholding requirements or conditioning any disposition of Common Stock by the participant upon the payment to the Company or such subsidiary of an amount sufficient
to satisfy such withholding requirements. 

Article 22—Governmental Regulations.  

        The Company's obligation to sell and deliver shares of Common Stock under the Plan is subject to the approval of any governmental authority required in connection
with the authorization, issuance or sale of such shares. 

        Government
regulations may impose reporting or other obligations on the Company with respect to the Plan. For example, the Company may be required to identify shares of Common Stock
issued under the Plan on its stock ownership records and send tax information statements to employees and former employees who transfer title to such shares. 

Article 23—Governing Law.  

        The validity and construction of the Plan shall be governed by the laws of the State of Delaware, without giving effect to the principles of conflicts of law
thereof. 

Article 24—Approval of Board of Directors and Stockholders of the Company.  

        The Plan was originally adopted by the Board of Directors on October 2, 1995, approved by the stockholders of the Company as of
October 4, 1995, amended and restated by approval of the Board of Directors on March 31, 1999 and further amended and restated by approval
of the Board of Directors on March 31, 2001 and the stockholders of the Company on May 24, 2001. 

7

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