Document:

Amendment to Lease Agreement

 Exhibit 10.3 
  
 FOURTH AMENDMENT TO LEASE 
 (Change of Premises and Extension of Lease Terms) 
  
 THIS FOURTH AMENDMENT TO LEASE (“Amendment”) is executed as of the 9th day
of March, 2004, between BAY COLONY CORPORATE CENTER LLC, a Delaware limited liability company (“Landlord”), and LIONBRIDGE TECHNOLOGIES, INC., a Delaware corporation (“Tenant”). 
  
 RECITALS 
  
 A. Shorenstein Management, Inc., as Trustee of SRI Two Realty Trust (“SMI”), as landlord, and Tenant, as tenant,
entered into a written lease, dated February 13, 1997, pursuant to which Tenant leased from SMI a portion of the fourth (4th) floor of the building located at 950 Winter Street, Waltham, Massachusetts (the “Building”). The lease was amended by (i) a letter agreement, between SMI and Tenant, dated March 28, 1997, which confirmed the commencement
date of the lease, (ii) a letter agreement, between Landlord (as successor to SMI) and Tenant, dated January 29, 1999, pursuant to which the address for notices to Landlord under the lease was changed, (iii) a First Amendment to Lease, between
Landlord and Tenant, dated June 29, 1999, pursuant to which certain premises on the second (2nd) floor of the
Building were substituted for the original premises under the lease and the term of the lease was extended through August 31, 2002 (which is the last day of the thirty-sixth (36th) full calendar month following the substitution of the second (2nd) floor premises for the original premises), (iv) a Second Amendment to Lease, between Landlord and Tenant, dated December 10, 1999, pursuant to which additional space located on the second
(2nd) floor of the Building was added to the lease, and (v) a Third Amendment to Lease, dated September 13, 2002,
pursuant to which the term of the lease was extended (the “Third Amendment”). The lease, as so amended, is referred to hereinafter as the “Lease.” The premises presently covered by the Lease are referred to hereinafter as the
“Renewal Premises.” Capitalized terms not otherwise defined herein shall have the meaning given them in the Lease. 
  
 B. Landlord and Tenant presently desire to amend the Lease to provide for (i) the Lease to apply to premises Tenant will be subleasing from another tenant
at the Office Park after the term of the sublease expires and (ii) a two (2)-year Lease term with respect to this new premises, commencing on June 1, 2007, and ending on May 31, 2009. 
  
 NOW, THEREFORE, in consideration of the foregoing, the parties hereto agree as follows: 
  
 1. Application of Lease Terms to New Premises. Landlord and Tenant
acknowledge that Tenant will be entering into a sublease (the “Sublease”) with IDS Scheer Process Implementation Consulting, Inc. (“IDS”) (formerly known as Plaut Consulting, Inc., a Delaware corporation (“Plaut”)), for
a portion of Suite 2300 at 1050 Winter Street, Waltham, Massachusetts, consisting of approximately 21,205 rentable square feet (the “Subleased Premises”) for a term that will expire on May 31, 2007. The parties further acknowledge that (i)
it is the intent that, as of the Commencement Date (as defined in Paragraph 2.(b), below), the size of the Subleased Premises is to be increased to a total of approximately 27,478 rentable square feet to the extent the size of the Subleased Premises
has not then already been increased pursuant to the terms of the Sublease (the Subleased Premises, as so increased in size, is hereinafter referred to as the “New Premises”), and (ii) the purpose of this Amendment is to provide for the New
Premises to become the “Premises” that is the subject of the Lease and for the Tenant to lease the New Premises pursuant to the terms of the Lease, as amended by this Amendment, for a term of two (2) years, commencing on June 1, 2007 and
ending May 31, 2009 (the “New Premises Lease Term”). 
  
 The parties also acknowledge that, pursuant to the terms of Lease, the Lease term with respect to the Renewal Premises, which is the only premises Tenant currently occupies pursuant to the Lease, is scheduled to expire on August 31, 2006,
at which time Tenant shall vacate and surrender the Renewal Premises as required under the Lease. Notwithstanding the expiration or earlier termination of the Lease with respect to the Renewal Premises, the terms of the Lease, as amended by this
Amendment, shall apply to the New Premises in the manner set forth in this Amendment. 
  
 2. New Premises; Commencement Date; Monthly Rent and Rent Commencement Date; Condition of New Premises. 
  
 (a) New Premises. Effective as of September 1, 2006: (i) the New Premises shall become the “Premises” under the Lease and shall consist
solely of that approximately 27,478 rentable square feet of space which is currently designated as Suite 2300 at 1050 Winter Street, Waltham, Massachusetts, (ii) Exhibit A to the Lease shall be deleted and replaced with the Exhibit A
attached to this Amendment, (iii) the second sentence of Paragraph 1 of the Lease is amended by deleting the number “950” and replacing it with the number “1050”, and (d) Paragraph 2.a. of the Lease is amended by deleting the
words “Fourth (4th) floor” and replacing them with the words “Second (2nd) floor”. Notwithstanding clause (i) in the foregoing sentence, the parties acknowledge that, due to the terms of the
Sublease, 
  

 1 

 Tenant, as of September 1, 2006, may not be in possession of the entirety of the approximately 27,478 rentable square
feet of space currently designated as Suite 2300 at 1050 Winter Street (which space is to become the New Premises) but that whether Tenant occupies, as of September 1, 2006, the entirety of the space that is to become the New Premises is irrelevant
under this Amendment because the Commencement Date with respect to the New Premises does not occur until June 1, 2007. 
  
 (b) Commencement Date. Effective as of September 1, 2006: (i) Paragraph 2.b. of the Lease is deleted in its entirety and replaced with the
following: “Lease term: Two (2) years commencing on June 1, 2007 (the “Commencement Date”) and expiring on May 31, 2009 (the “Expiration Date”).”, and (ii) Paragraph 3.a. of the Lease is amended by deleting the last
sentence thereof and replacing it with the following: “Upon either party’s request after the Commencement Date, Landlord and Tenant shall execute a letter in substantially the form of Exhibit B to that certain Fourth Amendment to
Lease entered into between Landlord and Tenant in conjunction with this Lease.”. During the New Premises Lease Term, all of the terms and conditions of the Lease shall be in full force and effect, except as provided in this Amendment.

  
 (c) Monthly Rent; Rent Commencement Date. To reflect
the extension of the Lease term as to the New Premises, effective as of September 1, 2006, the Monthly Rent provided for in Paragraphs 2.c. and 5 of the Lease shall be modified to be the amount of Monthly Rent as determined by Landlord pursuant to
Paragraph 5 of this Amendment, and the Rent Commencement Date shall be June 1, 2007. 
  
 (d) Condition of Premises. The parties acknowledge that Tenant will be in possession of the New Premises as of June 1, 2007 and that, accordingly, Tenant shall accept the New Premises in its then
“as-is” condition and Landlord shall have no obligation to make or to pay for any improvements or renovations in or to the Premises or to otherwise prepare the Premises for Tenant’s occupancy. Therefore, effective September 1, 2006:
(i) the first two sentences and the last sentence of Paragraph 3.b. of the Lease are deleted and replaced with the following: “Tenant shall accept the Premises on the Commencement Date in their “as-is” state and condition and neither
Landlord nor Tenant shall have any obligation (other than any repair or maintenance obligation under the Lease) to make or to pay for any improvements or renovations in or to the Premises or to otherwise prepare the Premises for Tenant’s
occupancy.”, (b) Paragraph 3.c. of the Lease is deleted in its entirely, and (c) Paragraph 4 of the Lease is deleted in its entirety and replaced with the following: “4. [Intentionally omitted.]”. 
  
 3. Security Deposit. The parties acknowledge that Landlord currently
holds Four Thousand One Hundred Fourteen Dollars ($4,114.00) as the Security Deposit under the Lease. Upon the expiration of the Lease’s term with respect to the Renewal Premises, the Security Deposit or remaining balance thereof shall be
returned to Tenant pursuant to the terms of the Lease. The parties further acknowledge that Tenant shall be obligated to provide Landlord with a security deposit with respect to the New Premises in an amount equal to two (2) months of the Monthly
Rent under the Lease for the New Premises, as such Monthly Rent is determined in accordance with Paragraph 5 of this Amendment. Accordingly, effective September 1, 2006: (a) Paragraph 2.d. is deleted and replaced with the following: “Security
Deposit: An amount equal to two (2) months of the Monthly Rent.”, (b) the first sentence of Paragraph 6 of the Lease is amended by deleting the words “Upon execution of this Lease,” and replacing them with the following: “On or
before June 1, 2007,”, and (c) the last grammatical paragraph of Paragraph 6 of the Lease is amended by deleting the words “Nine Thousand Thirty-Nine Dollars ($9,039.00)” in the first and second lines of said paragraph and replacing
them with the following: “an amount from the Security Deposit equal to fifty percent (50%) of the total amount”. 
  
 4. Modification of Tenant’s Share, Base Year, and Base Tax Year. To reflect the change in the size of the premises that is the subject of the
Lease, effective as of June 1, 2007, (i) Tenant’s Share set forth in Paragraph 2.e. of the Lease shall be 17.0044%, (ii) the Base Year set forth in Paragraph 2.f. of the Lease shall be the 2007 calendar year, and (iii) the Base Tax Year set
forth in Paragraph 2.f. of the Lease shall be the fiscal tax year ending June 30, 2008. 
  
 5. Determination of Monthly Rent. The Monthly Rent for the New Premises during the New Premises Lease Term shall be determined by Landlord and shall be the greater of (i) “fair market rent” rate or (ii) the
rate that reflects the aggregate of the amounts of Monthly Rent and Additional Rent payable by Tenant (for the Renewal Premises) under Paragraphs 2.c., 5 and 7 of the Lease (without taking into account any temporary rental abatements then in effect)
for the calendar month of August 2006, which is the last month of the Lease’s term with respect to the Renewal Premises. Notwithstanding the foregoing, in no event shall the Monthly Rent rate for the New Premises exceed Thirty-Dollars ($30.00)
per square foot. The “fair market rent” shall include the periodic rental increases, if any, that would be included for space leased for the term that will be covered by the Lease. For purposes of this Paragraph 5, the term “fair
market rent” shall mean the rental rate for comparable space under primary lease (and not sublease) to renewal tenants at the Office Park; provided, however, that, in determining the fair market rent, Landlord shall not be obligated to take
into account the extent to which such rental rates at the Office Park include promotional deals and other concessions to tenants, including improvement allowances, improvement obligations, or free rent. At any time during the month of November,
2006, Landlord shall provide Tenant with written notice of Landlord’s determination of the Monthly Rent. At any time after the date of this Amendment, Tenant may provide Landlord with written notice requesting that Landlord provide Tenant with
Landlord’s determination of Monthly Rent, but Landlord shall not be obligated to respond to such notice at any time before September 30, 2006. The fair market rent shall 
  

 2 

 be mutually agreed upon by Landlord and Tenant in writing no later than thirty (30) calendar days after the date of
Landlord’s notice to Tenant setting forth the Monthly Rent. If Landlord and Tenant are unable to agree upon the fair market rent, and, therefore, the Monthly Rent, within said thirty (30)-day period, then the fair market rent shall be
established by appraisal in accordance with the procedures set forth in Exhibit C attached hereto. 
  
 6. Default under the Sublease; Termination of Sublease Due to Casualty or Condemnation. In the event Tenant, as subtenant under the Sublease,
defaults under the Sublease and fails to cure such default within any applicable time periods provided under the Sublease, then, at Landlord’s option, such a default shall be deemed an Event of Default under the Lease (and no notice and cure
period shall be afforded Tenant with respect thereto), and Landlord shall be entitled to exercise all of its rights and remedies under the Lease, at law or in equity with respect to such default. In the event that certain lease between Plaut and
Landlord, dated September 4, 1998, as amended (the “Plaut Lease”), is terminated as a result of a casualty or condemnation, then Landlord may terminate this Amendment effective upon Tenant’s receipt of written notice from Landlord,
and, upon such termination, the parties shall be released from any further obligations under this Amendment. 
  
 7. Parking. Effective as of the Commencement Date (as such term is defined in Paragraph 2.(b) of this Amendment), the following is added as a new
Paragraph 51 to the Lease: 
  
 51. Parking. 
  
 (a) Effective as of the Commencement Date (as such term is
defined in that certain Fourth Amendment to Lease, entered into between Landlord and Tenant in conjunction with this Lease) and subject to the other provisions of this Lease, during the term of this Lease, (i) Landlord shall provide Tenant in the
parking areas for the Building, on an unassigned, non-exclusive and unlabelled basis, four (4) parking spaces per 1,000 rentable square feet of the Premises, rounded down to the nearest whole parking space, all at no additional charge to Tenant, and
(ii) as part of the spaces described in the foregoing clause (i), Landlord shall use reasonable efforts to provide Tenant with parking spaces in the underbuilding parking area for the Building, on an unassigned, non-exclusive and unlabelled basis in
an amount equal to twenty-five percent (25%), rounded down to the nearest whole parking space, of the total amount of parking spaces provided to Tenant pursuant to the formula set forth in clause (i), above. 
  
 (b) Tenant shall provide Landlord with advance written
notice of the names of each individual to whom Tenant from time to time distributes Tenant’s parking rights hereunder, and shall cause each such individual to execute Landlord’s standard waiver form for garage users. The parking spaces may
contain a reasonable mix of spaces for compact cars. The availability of the parking spaces described in Paragraph 51.a is not guaranteed at all times against the actions of other tenants of the Office Park and users of the parking facilities at the
Office Park, but Landlord shall use reasonable efforts to encourage compliance with the rules and regulations applicable to such parking facilities and shall not deliberately enforce the rules and regulations in a discriminatory manner. Without
limiting the foregoing, in no event shall this Lease be void or voidable, nor shall Landlord be liable to Tenant for any loss or damage, nor shall there be any abatement of rent hereunder, by reason of any reduction in Tenant’s parking rights
hereunder. Access to the parking spaces to be made available to Tenant shall, at Landlord’s option, be by card, pass, bumper sticker, decal or other appropriate identification issued by Landlord, and Tenant’s right to use the parking
facilities is conditioned on Tenant’s abiding by and shall otherwise be subject to such rules and regulations as may be promulgated by Landlord from time to time for such parking facilities. 
  
 (c) The parking rights set forth in this Paragraph 51 are
non transferable, are personal to the Tenant originally named herein, and shall not inure to the benefit of any successor, assignee or subtenant of Tenant. In the event of any assignment or sublease of parking space rights that is approved by
Landlord (provided, however, that such approval may be granted or withheld by Landlord in its sole and absolute discretion), Landlord shall be entitled to receive one hundred percent (100%) of any profit received by Tenant in connection with such
assignment or sublease of parking space rights. 
  
 8.
Brokers. Landlord and Tenant each represents and warrants to the other that such party has negotiated this Lease directly with Shorenstein Realty Services, L.P., on behalf of Landlord, and Grubb & Ellis, on behalf of Tenant (the
“Brokers”), and has not authorized or employed, or acted byimplication to authorize or to employ, any other real estate broker or salesperson to act for such party in connection with this Lease. Each party shall hold the other harmless
from and indemnify and defend the other against any and all claims by any real estate broker or salesperson other than the Brokers for a commission, finder’s fee or other compensation as a result of the inaccuracy of such party’s
representation above. 
  

 3 

 9. Authority. If Tenant is a corporation, partnership, trust, association or other entity, Tenant
and each person executing this Amendment on behalf of Tenant hereby covenants and warrants that (a) Tenant is duly incorporated or otherwise established or formed and validly existing under the laws of its state of incorporation, establishment or
formation, (b) Tenant has and is duly qualified to do business in Massachusetts, (c) Tenant has full corporate, partnership, trust, association or other appropriate power and authority to enter into this Amendment and to perform all Tenant’s
obligations under the Lease, as amended by this Amendment, and (d) each person (and all of the persons if more than one signs) signing this Amendment on behalf of Tenant is duly and validly authorized to do so. 
  
 10. No Offer. Submission of this instrument for examination and
signature by Tenant does not constitute an offer to lease or to amend the Lease, or a reservation of or option for lease or to amend the Lease, and is not effective as a lease amendment or otherwise until execution and delivery by both Landlord and
Tenant. 
  
 11. Lease in Full Force and Effect. Except as
provided above, the Lease is unmodified hereby and remains in full force and effect. 
  
 12. Conditions Precedent; Execution of Amendment. The effectiveness of this Amendment shall be conditioned upon Tenant’s entering into the Sublease. In the event Tenant and IDS have not mutually executed
and delivered the Sublease on or before April 1, 2004, then either Landlord or Tenant may terminate this Amendment effective upon receipt of written notice from the party desiring to terminate this Amendment, and, upon such termination, the parties
shall be released from any further obligations under this Amendment. Upon Landlord’s receipt of (i) a fully executed copy of the Sublease, (ii) Landlord’s form of consent to the Sublease properly executed by Tenant and IDS and (iii) this
Amendment properly executed by Tenant, Tenant shall be barred from withdrawing its submission of this Amendment for a period of ten (10) days thereafter. If Landlord has not executed this Amendment within such ten (10)-day period, then, at any time
thereafter but prior to Landlord’s execution of this Amendment, Tenant may rescind its submission of this Amendment. 
  
 IN WITNESS WHEREOF, the parties have executed this document as of the date and year first above written. 
  

									
	 Landlord:
	 	 Tenant:

		
	 BAY COLONY CORPORATE CENTER LLC,
	 	 LIONBRIDGE TECHNOLOGIES, INC.,

	 a Delaware limited liability
	 	 a Delaware corporation company

				
	 By:
	 	 Shorenstein Realty Services, L.P. a California limited partnership, its manager
	 	 	 	 
					
	 	 	 By:
	 	 /s/ Robert Underhill

	 	 By:
	 	 /s/ Stephen Lifshatz

					
	 	 	 Its
	 	 Vice President
	 	 Name:
	 	 Stephen Lifshatz

	 	 	 	 	 	 	 Title:
	 	 Chief Financial Officer

  

 4 

 EXHIBIT A 
  

Outline of New Premises 
  
 [diagram of premises] 
  

 5 

 EXHIBIT B 
  

Form of Commencement Date Letter 
  
                     , 200     

 
 Lionbridge Technologies, Inc. 
                      Winter Street, Suite _ Waltham,

 Massachusetts 02451 
  

	 	Re:	Lease dated as of February 13, 1997 (the “Lease”), as amended, between Lionbridge Technologies, Inc. (“Tenant”), and Bay Colony Corporate Center LLC, a Delaware
limited liability company (“Landlord”), for premises (the “Premises”) located on the second floor of the building located at 1050 Winter Street, Waltham, Massachusetts. 

  
 Ladies and Gentlemen: 
  
 This letter will confirm the Commencement Date, the Rent Commencement Date and the Expiration Date of the Lease (as such
terms are defined in the Fourth Amendment to Lease). 
  
 The
Commencement Date is June 1, 2007. Pursuant to Paragraph 2.c. of the Fourth Amendment, the Rent Commencement Date is June 1, 2007. The Expiration Date (as defined in Paragraph 2.b. of the Fourth Amendment) is May 31, 2009. 
  
 Please acknowledge Tenant’s agreement to the foregoing by executing both
duplicate originals of this letter and returning one fully executed duplicate original to Landlord at the address on this letterhead. 
  
 If Landlord does not receive a fully executed duplicate original of this letter from Tenant evidencing Tenant’s agreement to the foregoing (or a
written response setting forth Tenant’s disagreement with the foregoing) within fifteen (15) days of the date of this letter, Tenant will be deemed to have consented to the terms set forth herein. 
  

					
	 Very truly yours,

	
	 BAY COLONY CORPORATE CENTER LLC,
 a Delaware
limited liability company

		
	 By:
	 	Shorenstein Realty Services, L.P.,
	 	 	a California limited partnership, its manager
			
	 	 	By:	 	 
	 	 	 	 	 Name

	 	 	 	 	 Authorized Signatory

	
	 AGREED TO AND ACCEPTED as of this

	          day of
                     , 20        , by:

	
	 LIONBRIDGE TECHNOLOGIES, INC.
 a Delaware corporation

		
	 By:
	 	 
		
	 Name:
	 	 
		
	 Title:
	 	 

  

 6 

 EXHIBIT C  
  

Appraisal Procedure 
  
 Within fifteen (15) days after the expiration of the thirty (30)-day period set forth in Paragraph 5 of the Amendment for the mutual agreement of Landlord
and Tenant as to the fair market monthly rental, each party hereto, at its cost, shall engage a real estate broker to act on its behalf in determining the fair market monthly rental. The brokers each shall have at least ten (10) years’
experience with leases in first-class office buildings in suburban office parks in the Boson metropolitan area and shall submit to Landlord and Tenant in advance for Landlord’s and Tenant’s reasonable approval the appraisal methods to be
used. If a party does not appoint a broker within such fifteen (15)-day period but a broker is appointed by the other respective party, the single broker appointed shall be the sole broker and shall set the fair market monthly rental. If the two
brokers are appointed by the parties as stated in this paragraph, such brokers shall meet promptly and attempt to set the fair market monthly rental. If such brokers are unable to agree within thirty (30) days after appointment of the second broker,
the brokers shall elect a third broker meeting the qualifications stated in this paragraph within ten (10) days after the last date the two brokers are given to set the fair market monthly rental. Each of the parties hereto shall bear one-half (1/2)
the cost of appointing the third broker and of the third broker’s fee. The third broker shall be a person who has not previously acted in any capacity for either party. 
  
 The third broker shall conduct his own investigation of the fair market monthly rent, and shall be instructed not to advise
either party of his determination of the fair market monthly rent except as follows: When the third broker has made his determination, he shall so advise Landlord and Tenant and shall establish a date, at least five (5) days after the giving of
notice by the third broker to Landlord and Tenant, on which he shall disclose his determination of the fair market monthly rent. Such meeting shall take place in the third broker’s office unless otherwise agreed by the parties. After having
initialed a paper on which his determination of fair market monthly rent is set forth, the third broker shall place his determination of the fair market monthly rent in a sealed envelope. Landlord’s broker and Tenant’s broker shall each
set forth their determination of fair market monthly rent on a paper, initial the same and place them in sealed envelopes. Each of the three envelopes shall be marked with the name of the party whose determination is inside the envelope. 

 
 In the presence of the third broker, the determination of the fair market
monthly rent by Landlord’s broker and Tenant’s broker shall be opened and examined. If the higher of the two determinations is one hundred five percent (105%) or less of the amount set forth in the lower determination, the average of the
two (2) determinations shall be the fair market monthly rent, the envelope containing the determination of the fair market monthly rent by the third broker shall be destroyed and the third broker shall be instructed not to disclose his
determination. If either party’s envelope is blank, or does not set forth a determination of fair market monthly rent, the determination of the other party shall prevail and be treated as the fair market monthly rent. If the higher of the (2)
two determinations is more than one hundred five percent (105%) of the amount of the lower determination, the envelope containing the third broker’s determination shall be opened. If the value determined by the third broker is the average of
the values proposed by Landlord’s broker and Tenant’s broker, the third broker’s determination of fair market monthly rent shall be the fair market monthly rent. If such is not the case, fair market monthly rent shall be the rent
proposed by whichever of Landlord’s broker or Tenant’s broker is closest to the determination of fair market monthly rent by the third broker. 
  

 7The Lubrizol Corporation 1991 Stock Incentive Plan

 Exhibit (10)(h) 
  
 THE LUBRIZOL CORPORATION 1991 STOCK INCENTIVE PLAN 
 (As Amended March 22, 2004) 
  
 Section
1. Purpose. 
  
 The purposes of The Lubrizol Corporation 1991
Stock Incentive Plan are to encourage selected employees of The Lubrizol Corporation and its Subsidiaries and directors of the Company to acquire a proprietary and vested interest in the growth and performance of the Company, to generate an
increased incentive to contribute to the Company’s future success and prosperity, thus enhancing the value of the Company for the benefit of shareholders, and to enhance the ability of the Company and its Subsidiaries to attract and retain
individuals of exceptional talent upon whom, in large measure, the sustained progress, growth and profitability of the Company depends. 
  
 Section 2. Definitions. 
  
 As used in the Plan, the following terms shall have the meanings set forth below: 
  
 (a) “Award” means any Option, Stock Appreciation Right, Restricted Stock Award, or Stock Award
granted pursuant to the provisions of the Plan. 
  
 (b) “Award Agreement” means a written document evidencing any Award granted hereunder, signed by the Company and delivered to the Participant or Outside Director, as the case may be. 
  
 (c) “Board” means the Board of Directors of the
Company. 
  
 (d) “Code” means the
Internal Revenue Code of 1986, as amended from time to time. 
  
 (e) “Committee” means a committee of not less than three (3) Outside Directors of the Board, each of whom shall be a “disinterested person” within the meaning of Rule 16b-3(d)(3) promulgated by the
Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or any successor rule or statute. 
  
 (f) “Company” means The Lubrizol Corporation. 
  
 (g) “Employee” means any employee of the Company or of any Subsidiary. 
  
 (h) “Fair Market Value” means the average of the
high and low price of a Share on the New York Stock Exchange on the Grant Date (in the case of a Grant), or any other relevant date. 
  
 (i) “Grant Date” means the date on which the Board approves the grant of an Option, Stock Appreciation Right, Restricted Stock
Award, or Stock Award, and, with respect to an Option granted to an Outside Director, the date specified pursuant to Section 10 on which such Option is granted. 
  

 24 

	 THE LUBRIZOL CORPORATION 
	

 1991 STOCK INCENTIVE PLAN 
  
 (j) “Incentive Stock Option” means an Option that is intended to meet the requirements of Section 422A of the Code or any
successor provision thereto. 
  
 (k)
“Non-Statutory Stock Option” means an Option that is not intended to be an Incentive Stock Option. 
  
 (l) “Option” means an option to purchase Shares granted hereunder. 
  
 (m) “Option Price” means the purchase price of
each Share under an Option. 
  
 (n) “Outside
Director” means a member of the Board who is not an employee of the Company or of any Subsidiary. 
  
 (o) “Participant” means an Employee who is selected by the Committee to receive an Award under the Plan. 
  
 (p) “Plan” means The Lubrizol Corporation 1991
Stock Incentive Plan. 
  
 (q) “Restricted
Stock Award” means an award of restricted Shares under Section 8 hereof. 
  
 (r) “Restriction Period” means the period of time specified in an Award Agreement during which the following conditions remain in effect: (i) certain restrictions on the sale or other disposition of Shares
awarded under the Plan, (ii) subject to the terms of the applicable Award Agreement, the continued employment of the Participant, and (iii) such other conditions as may be set forth in the applicable Award Agreement. 
  
 (s) “Shareholders’ Meeting” means the annual
meeting of shareholders of the Company in each year. 
  
 (t) “Shares” means common shares without par value of the Company. 
  
 (u) “Stock Appreciation Right” means the right to receive a payment in cash or in Shares, or in any combination thereof, from
the Company equal to the excess of the Fair Market Value of a stated number of Shares at the exercise date over a fixed price for such Shares. 
  
 (v) “Stock Award” means the grant of unrestricted Shares under the Plan. 
  
 (w) “Subsidiary” means a corporation which is at
least 80% owned, directly or indirectly, by the Company. 
  
 (x) “Voting Stock” means the then-outstanding securities entitled to vote generally in the election of directors of the Company. 
  

 25 

	 THE LUBRIZOL CORPORATION 
	

 1991 STOCK INCENTIVE PLAN 
  
 Section 3. Administration. 
  
 The Plan shall be administered by the Committee. Members of the Committee shall be appointed by and serve at the pleasure of the Board, and may resign by
written notice filed with the Chairman of the Board or the Secretary of the Company. A vacancy on the Committee shall be filled by the appointment of a successor member by the Board. Subject to the express provisions of this Plan, the Committee
shall have conclusive authority to select Employees to be Participants for Awards and determine the type and number of Awards to be granted, to construe and interpret the Plan, any Award granted hereunder, and any Award Agreement entered into
hereunder, and to establish, amend, and rescind rules and regulations for the administration of this Plan and shall have such additional authority as the Board may from time to time determine to be necessary or desirable. Notwithstanding the
foregoing, the Committee shall not have discretion with respect to Options granted to Outside Directors pursuant to Section 10 such as to prevent any Award granted under this Plan from meeting the requirements for exemption from Section 16(b) of the
Exchange Act, as set forth in Rule 16b-3 thereunder or any successor rule or statute. 
  
 Section 4. Shares Subject to the Plan. 
  
 (a) Subject to adjustment as provided in the Plan, the total number of Shares available under the Plan in each calendar year shall be one
percent (1%) of the total outstanding Shares as of the first day of any year for which the Plan is in effect; provided that such number shall be increased in any year by the number of Shares available for grant hereunder in previous years but not
covered by Awards granted hereunder in such previous years; provided further, that a total of no more than two million (2,000,000) Shares shall be available for the grant of Incentive Stock Options under the Plan; and provided further, that no more
than four hundred thousand (400,000) Shares shall be available for grant to any Participant during a calendar year. Settlement of an Award, whether by the issuance of Shares or the payment of cash, shall not be deemed to be the grant of an Award
hereunder. In addition, any Shares issued by the Company through the assumption or substitution of outstanding grants from an acquired company shall not reduce the Shares available for grants under the Plan. Any Shares issued hereunder may consist,
in whole or in part, of authorized and unissued Shares or treasury shares. If any Shares subject to any Award granted hereunder are forfeited or if such Award otherwise terminates without the issuance of such Shares or payment of other consideration
in lieu of such Shares, the Shares subject to such Award, to the extent of any such forfeiture or termination, shall again be available for grant under the Plan as if such Shares had not been subject to an Award. 
  
 (b) The number of Shares which remain available for grant
pursuant to this Plan, together with Shares subject to outstanding Awards, at the time of any change in the Company’s capitalization, including stock splits, stock dividends, mergers, reorganizations, consolidations, recapitalizations, or other
changes in corporate structure, shall be appropriately and proportionately adjusted to reflect such change in capitalization. 
  
 Section 5. Eligibility. 
  
 Any Employee shall be eligible to be selected as a Participant. 
  

 26 

	 THE LUBRIZOL CORPORATION 
	

 1991 STOCK INCENTIVE PLAN 
  
 Section 6. Stock Options. 
  
 Non-Statutory Stock Options and Incentive Stock Options may be granted hereunder to Participants either separately or in conjunction with other Awards
granted under the Plan. Any Option granted to a Participant under the Plan shall be evidenced by an Award Agreement in such form as the Committee may from time to time approve. Any such Option shall be subject to the following terms and conditions
and to such additional terms and conditions, not inconsistent with the provisions of the Plan, as the Committee shall deem desirable. 
  
 (a) Option Price. The purchase price per Share under an Option shall be fixed by the Committee in its sole discretion; provided that the
purchase price shall not be less than one hundred percent (100%) of the Fair Market Value of the Share on the Grant Date of the Option. Payment of the Option Price may be made in cash, Shares, or a combination of cash and Shares, as provided in the
Award Agreement relating thereto. 
  
 (b) Option
Period. The term of each Option shall be fixed by the Committee in its sole discretion; provided that no Incentive Stock Option shall be exercisable after the expiration of ten years from the Grant Date; and provided further, that no reload Option
granted to a Participant pursuant to the terms of Section 6(e) shall be exercisable after the expiration of the term of the Option that gave rise to the grant of such reload Option. 
  
 (c) Exercise of Option. Options shall be exercisable to the extent of fifty percent (50%) of the Shares
subject thereto after one year from the Grant Date, seventy-five percent (75%) of such Shares after two years from the Grant Date, and one hundred percent (100%) of such Shares after three years from the Grant Date, subject to any provisions
respecting the exercisability of Options that may be contained in an Award Agreement; provided that a reload Option granted to a Participant pursuant to the terms of Section 6(e) shall be exercisable to the extent of one hundred percent (100%) of
such Shares from the Grant Date. 
  
 (d)
Incentive Stock Options. The aggregate Fair Market Value of the Shares with respect to which Incentive Stock Options held by any Participant which are exercisable for the first time by such Participant during any calendar year under the Plan (and
under any other benefit plans of the Company, of any parent corporation, or Subsidiary) shall not exceed $100,000 or, if different, the maximum limitation in effect at the Grant Date under Section 422A of the Code, or any successor provision, and
any regulations promulgated thereunder. The terms of any Incentive Stock Option granted hereunder shall comply in all respects with the provisions of Section 422A of the Code, or any successor provision, and any regulations promulgated thereunder.

  
 (e) Reload. In the event that a Participant
or an Outside Director exercises an Option other than a reload Option granted pursuant to this Section 6(e), and pays some or all of the Option Price with Shares, the Committee in its discretion may grant to such Participant or Outside Director a
reload Option to purchase the number of Shares equal to the number of Shares used as payment of the Option Price, subject to the limitations described below. Options granted to Participants pursuant to this Section 6(e) shall have terms and
conditions as described in this Section 6 and Options granted to Outside Directors pursuant to this Section 6(e) shall have terms and conditions as described in 
  

 27 

	 THE LUBRIZOL CORPORATION 
	

 1991 STOCK INCENTIVE PLAN 
  
 Section 10. Options granted pursuant to this Section 6(e) shall be of the same character (i.e., Non-Statutory Stock Options or Incentive Stock Options) as
the Option that is exercised to give rise to the grant of the reload Option, provided that if an Incentive Stock Option cannot be granted under this Section 6(e) in compliance with Section 422A of the Code, then a Non-Statutory Stock Option shall be
granted in lieu thereof. Options may be granted pursuant to this Section 6(e) only to the extent that the number of Shares covered by such Option grants does not, when added to the number of Shares covered by Awards previously granted during such
calendar year, exceed the limitation set forth in Section 4(a). 
  
 Shares received upon the exercise of an Option granted pursuant to this Section 6(e) may not be sold or otherwise transferred (i) by a Participant until such Participant has met the Share ownership guideline for such Participant, if any,
set by the Company, and then only to the extent that the Participant continues to meet such ownership guideline immediately after such sale, or (ii) by an Outside Director until such Outside Director ceases to be an Outside Director, provided,
however, that a Participant or Outside Director may use such Shares as payment of the Option Price of Options granted under this Plan to the extent permitted by the applicable Award Agreement, in which case a number of the Shares (equal to the
number of Shares used for such payment) purchased by the exercise of such Options also shall be subject to the same restrictions upon transferability. Certificates for such Shares with a transferability restriction shall bear a legend referencing
such restriction. 
  
 Notwithstanding the foregoing, effective
for grants of Options on or after November 11, 2002, this Section 6(e) is deleted. 
  
 Section 7. Stock Appreciation Rights. 
  
 Stock Appreciation Rights may be granted hereunder to Participants either separately or in conjunction with other Awards granted under the Plan and may,
but need not, relate to a specific Option granted under Section 6. The provisions of Stock Appreciation Rights need not be the same with respect to each Participant. Any Stock Appreciation Right related to a Non-Statutory Stock Option may be granted
at the same time such Option is granted or at any time thereafter before exercise or expiration of such Option. Any Stock Appreciation Right related to an Incentive Stock Option must be granted at the same time such Option is granted. Any Stock
Appreciation Right related to an Option shall be exercisable only to the extent the related Option is exercisable. In the case of any Stock Appreciation Right related to any Option, the Stock Appreciation Right or applicable portion thereof shall
terminate and no longer be exercisable upon the termination or exercise of the related Option. Similarly, upon exercise of a Stock Appreciation Right as to some or all of the Shares covered by a related Option, the related Option shall be canceled
automatically to the extent of the Stock Appreciation Rights exercised, and such Shares shall not thereafter be eligible for grant under Section 4(a). The Committee may impose such conditions or restrictions on the exercise of any Stock Appreciation
Right as it shall deem appropriate. 
  
 Section
8. Restricted Stock Awards. 
  
 (a) Issuance.
Restricted Stock Awards may be issued hereunder to Participants, either separately or in conjunction with other Awards granted under the Plan. Each Award 
  

 28 

 THE LUBRIZOL CORPORATION 
 1991 STOCK INCENTIVE PLAN 
  
 under this Section 8 shall
be evidenced by an Award Agreement between the Participant and the Company which shall specify the vesting schedule, any rights of acceleration and such other terms and conditions as the Board shall determine, which need not be the same with respect
to each Participant. 
  
 (b) Registration. Shares
issued under this Section 8 shall be evidenced by issuance of a stock certificate or certificates registered in the name of the Participant bearing the following legend and any other legend required by, or deemed appropriate under, any federal or
state securities laws: 
  
 The sale or other transfer of the
common shares represented by this certificate is subject to certain restrictions set forth in the Award Agreement between                     
(the registered owner) and The Lubrizol Corporation dated                     , under The Lubrizol Corporation 1991 Stock Incentive Plan. A
copy of the Plan and Award Agreement may be obtained from the Secretary of The Lubrizol Corporation. 
  
 Unless otherwise provided in the Award Agreement between the Participant and the Company, such certificates shall be retained by the Company until the
expiration of the Restriction Period. Upon the expiration of the Restriction Period, the Company shall (i) cause the removal of the legend from the certificates for such Shares as to which a Participant is entitled in accordance with the Award
Agreement between the Participant and the Company and (ii) release such Shares to the custody of the Participant. 
  
 (c) Forfeiture. Except as otherwise determined by the Committee at the Grant Date, upon termination of employment of the Participant for
any reason during the Restriction Period, all Shares still subject to restriction shall be forfeited by the Participant and retained by the Company; provided that in the event of a Participant’s retirement, permanent disability, death, or in
cases of special circumstances, the Committee may, in its sole discretion, when it finds that a waiver would be in the best interests of the Company, waive in whole or in part any or all remaining restrictions with respect to such Participant’s
Shares. In such case, unrestricted Shares shall be issued to the Participant at such time as the Committee determines. 
  
 (d) Rights as Shareholders. At all times during the Restriction Period, Participants shall be entitled to full voting rights with respect
to all Shares awarded under this Section 8 and shall be entitled to dividends with respect to such Shares. 
  
 Section 9. Stock Awards. 
  
 Awards of Shares may be granted hereunder to Participants, either separately or in conjunction with other Awards granted under the Plan. Subject to the
provisions of the Plan, the Committee shall have sole and complete authority to determine (i) the Employees to whom such Awards shall be granted, (ii) the time or times at which such Awards shall be granted, (iii) the number of Shares to be granted
pursuant to such Awards, and (iv) all other conditions of the Awards. Such conditions may include issuance of Shares at the time of the Award is granted or issuance of Shares at a time or times subsequent to the time the Award is granted, which
subsequent times may be specifically established by the Committee and/or may be determined by 
  

 29 

 THE LUBRIZOL CORPORATION 
 1991 STOCK INCENTIVE PLAN 
  
 reference to the satisfaction of one or
more performance measures specified by the Committee. The provisions of stock awards need not be the same with respect to each Participant. 
  
 Section 10. Outside Directors’ Options. 
  
 On the close of business on the date on which the Committee makes the annual grant to employees generally, each Outside Director shall
automatically be granted an Option to purchase 2,500 Shares. All Options granted under this Section 10 shall be Non-Statutory Stock Options and shall be subject to the following terms and conditions and to such additional terms and conditions, not
inconsistent with the provisions of the Plan, as are contained in the applicable Award Agreement. 
  
 (a) Option Price. The purchase price per Share shall be one hundred percent (100%) of the Fair Market Value of the Share on the Grant
Date. Payment of the Option Price may be made in cash, Shares, or a combination of cash and Shares, as provided in the Award Agreement in effect from time to time. 
  
 (b) Option Period. The term during which Options granted under this Section 10 shall be exercisable shall be
ten (10) years from the Grant Date; provided that no reload Option granted to an Outside Director pursuant to the terms of Section 6(e) shall be exercisable after the expiration of the term of the Option that gave rise to the grant of such reload
Option. 
  
 (c) Exercise of Options. Subject to
the provisions of this Section 10(c), Options shall be exercisable to the extent of fifty percent (50%) of the Shares subject thereto after one year from the Grant Date, seventy-five percent (75%) of such Shares after two years from the Grant Date,
and one hundred percent (100%) of such Shares after three years from the Grant Date; provided that a reload Option granted to an Outside Director pursuant to the terms of Section 6(e) shall be exercisable to the extent of one hundred percent (100%)
of such Shares from the Grant Date. Options may be exercised by an Outside Director during the period that the Outside Director remains a member of the Board and under the circumstances described below. 
  
 (i) If an Outside Director retires under a retirement plan
or policy of the Company, then Options held by such Outside Director may be exercised for a period of thirty-six (36) months following retirement, to the extent of 100% of the Shares covered by such Options (notwithstanding the extent to which the
Outside Director otherwise would have been entitled to exercise such Options at the date of retirement), provided that in no event shall an Option be exercisable after the expiration of the Option period provided in Section 10(b). 
  
 (ii) In the event of the death of an Outside Director while
serving as a director, Options held by such Outside Director may be exercised for a period of twelve (12) months following the date of death, (A) to the extent of 100% of the Shares covered by such Options (notwithstanding the extent to which the
Outside Director otherwise would have been entitled to exercise the Option at the date of death), and (B) only by the executor or administrator of the Outside Director’s estate or by the person or persons to whom the Outside Director’s
rights under the 
  

 30 

 THE LUBRIZOL CORPORATION 
 1991 STOCK INCENTIVE PLAN 
  
 Options shall pass by the
Outside Director’s will or the laws of descent and distribution, provided that in no event shall an Option be exercisable after the expiration of the Option period provided in Section 10(b). 
  
 (iii) If an Outside Director shall cease to be a director
for any reason other than retirement under a retirement plan or policy of the Company or death, Options held by such Outside Director may be exercised for a period of three (3) months following such cessation, to the extent of 100% of the Shares
covered by such Options (notwithstanding the extent to which the Outside Director otherwise would have been entitled to exercise such Options at the date of such cessation), provided that in no event shall an Option be exercisable after the
expiration of the Option period provided in Section 10(b). 
  
 (iv) In the event an Outside Director, after ceasing to be a director, dies during and subject to one of the periods described in Section 10(c)(i) or (iii), while possessed of unexercised Options, the executor or
administrator of the Outside Director’s estate, or the person entitled by will or the applicable laws of descent and distribution, may exercise such Options held by the Outside Director at the time of the Outside Director’s death during
the period that is applicable, as follows: 
  
 (A) If Section 10(c)(i) was in effect, for one year after the Outside Director’s death; 
  
 (B) If Section 10(c)(iii) was in effect, for three months after the Outside Director’s death; 
  
 provided that, in no event shall the Option be exercisable after the
expiration of the Option period provided in Section 10(b). 
  
 Section 11. Change in Control. 
  
 Notwithstanding the provisions of Sections 6(c) and 10(c), Options shall become exercisable with respect to 100% of the Shares upon the occurrence of any Change in Control (as hereafter defined) of the Company; except that no Options shall
be exercised prior to the end of six months from the Grant Date. 
  
 Notwithstanding the provisions of Section 8 and the applicable Award Agreement, any restricted Shares shall be 100% vested and without any restrictions upon the occurrence of any Change in Control of the Company. 
  
 For all purposes of the Plan, a “Change in Control” shall have
occurred if any of the following events shall occur: 
  
 (a) The Company is merged, consolidated or reorganized into or with another corporation or other legal person, and immediately after such merger, consolidation or reorganization less than a majority of the combined voting power of the
then-outstanding securities of such corporation or person immediately after such transaction are held in the 
  

 31 

 THE LUBRIZOL CORPORATION 
 1991 STOCK INCENTIVE PLAN 
  
 aggregate by the holders of
Voting Stock of the Company immediately prior to such transaction; 
  
 (b) The Company sells all or substantially all of its assets to any other corporation or other legal person, and less than a majority of the combined voting power of the then-outstanding securities of such corporation
or person immediately after such sale are held in the aggregate by the holders of Voting Stock of the Company immediately prior to such sale; 
  
 (c) There is a report filed on Schedule 13D or Schedule 14D-l (or any successor schedule, form or report), each as promulgated pursuant to
the Exchange Act, disclosing that any person (as the term “person” is used in Section 13(d)(3) or Section 14(d)(2) of the Exchange Act) has become the beneficial owner (as the term “beneficial owner” is defined under Rule
13(d)(3) or any successor rule or regulation promulgated under the Exchange Act) of securities representing 20% or more of the Voting Stock; 
  
 (d) The Company files a report or proxy statement with the Securities and Exchange Commission pursuant to the Exchange Act disclosing in
response to Form 8-K or Schedule 14A (or any successor schedule, form or report or item therein) that a change in control of the Company has or may have occurred or will or may occur in the future pursuant to any then-existing contract or
transaction; or 
  
 (e) If during any period of
two consecutive years, individuals who at the beginning of any such period constitute the Directors of the Company cease for any reason to constitute at least a majority thereof, provided, however, that for purposes of this Section 11(e), each
Director who is first elected, or first nominated for election by the Company’s stockholders, by a vote of at least two thirds of the Directors of the Company (or a committee thereof) then still in office who were Directors of the Company at
the beginning of any such period will be deemed to have been a Director of the Company at the beginning of such period. 
  
 Notwithstanding the foregoing provisions of Section 11(c) or 11(d) hereof, unless otherwise determined in a specific case by majority vote of the Board, a
“Change in Control” shall not be deemed to have occurred for purposes of the Plan solely because (i) the Company, (ii) an entity in which the Company directly or indirectly beneficially owns 50% or more of the voting securities, or (iii)
any employee stock ownership plan or any other employee benefit plan sponsored by the Company, either files or becomes obligated to file a report or a proxy statement under or in response to Schedule 13D, Schedule 14D-l, Form 8-K or Schedule 14A (or
any successor schedule, form or report or item therein) under the Exchange Act, disclosing beneficial ownership by it of shares of Voting Stock, whether in excess of 20% or otherwise, or because the Company reports that a change in control of the
Company has or may have occurred or will or may occur in the future by reason of such beneficial ownership. 
  
 Section 12. Amendments and Termination. 
  
 The Board may, at any time, amend, alter or terminate the Plan, but no amendment, alteration, or termination shall be made that would impair the rights of
an Outside Director or 
  

 32 

 THE LUBRIZOL CORPORATION 
 1991 STOCK INCENTIVE PLAN 
  
 Participant under an Award theretofore
granted, without the Outside Director’s or Participant’s consent, or that without the approval of the shareholders would: 
  
 (a) except as is provided in Sections 4(b) and 13(c) of the Plan, increase the total number of Shares which may be issued under the Plan;

  
 (b) change the class of employees eligible to
participate in the Plan; or 
  
 (c) materially
increase the benefits accruing to Participants under the Plan; 
  
 so long as such
approval is required by law or regulation; provided that, as long as required by law or regulation, the provisions of Section 10 hereof may not be amended or altered more than once every six (6) months, other than to comport with changes in the
Code, the Employee Retirement Income Security Act, or the rules thereunder. 
  
 The Committee may amend the terms of any Award heretofore granted (except, with respect to Options granted pursuant to Section 10 hereof, only to the extent not inconsistent with Rule 16b-3 under the Exchange Act or
any successor rule or statute), prospectively or retroactively, but no such amendment shall impair the rights of any Participant or Outside Director without his consent. 
  
 Section 13. General Provisions. 
  
 (a) No Option, Stock Appreciation Right, or Restricted Stock Award shall be assignable or transferable by a
Participant or an Outside Director otherwise than by will or the laws of descent and distribution, and Options and Stock Appreciation Rights may be exercised during the Participant’s or Outside Director’s lifetime only by the Participant
or the Outside Director or, if permissible under applicable law, by the guardian or legal representative of the Participant or Outside Director. 
  
 (b) The term of each Award shall be for such period of months or years from its Grant Date as may be determined by the Committee or as set
forth in the Plan; provided that in no event shall the term of any Incentive Stock Option or any Stock Appreciation Right related to any Incentive Stock Option exceed a period of ten (10) years from the Grant Date. 
  
 (c) In the event of a merger, reorganization, consolidation,
recapitalization, stock dividend or other change in corporate structure such that Shares are changed into or become exchangeable for a larger or smaller number of Shares, thereafter the number of Shares subject to outstanding Awards granted to
Participants and to any Shares subject to Awards to be granted to Participants pursuant to this Plan shall be increased or decreased, as the case may be, in direct proportion to the increase or decrease in the number of Shares by reason of such
change in corporate structure; provided, however, that the number of Shares shall always be a whole number, and the purchase price per Share of any outstanding Options shall, in the case of an increase in the number of Shares, be proportionately
reduced, and, in the case of a decrease in the number of Shares, shall be proportionately increased. The above adjustment shall also apply to any 
  

 33 

 THE LUBRIZOL CORPORATION 
 1991 STOCK INCENTIVE PLAN 
  
 Shares subject to Options
granted to Outside Directors pursuant to the provisions of Section 10. 
  
 (d) No Employee shall have any claim to be granted any Award under the Plan and there is no obligation for uniformity of treatment of Employees or Participants under the Plan. 
  
 (e) The prospective recipient of any Award under the Plan
shall not, with respect to such Award, be deemed to have become a Participant, or to have any rights with respect to such Award, until and unless such recipient shall have executed an Award Agreement, and otherwise complied with the then applicable
terms and conditions. 
  
 (f) All certificates
for Shares delivered under the Plan pursuant to any Award shall be subject to such stock-transfer orders and other restrictions as the Committee may deem advisable under the rules, regulations, and other requirements of the Securities and Exchange
Commission, any stock exchange upon which the Shares are then listed, and any applicable federal or state securities law, and the Committee may cause a legend or legends to be put on any such certificates to make appropriate reference to such
restrictions. 
  
 (g) Except as otherwise
required in any applicable Award Agreement or by the terms of the Plan, Participants shall not be required, under the Plan, to make any payment other than the rendering of services. 
  
 (h) The Company shall be authorized to withhold from any payment under the Plan, whether such payment is in
Shares or cash, all withholding taxes due in respect of such payment hereunder and to take such other action as may be necessary in the opinion of the Company to satisfy all obligations for the payment of such taxes. 
  
 (i) Nothing contained in this Plan shall prevent the Board
from adopting other or additional compensation arrangements, subject to shareholder approval if such approval is required; and such arrangements may be either generally applicable or applicable only in specific cases. 
  
 (j) Nothing in the Plan shall interfere with or limit in any
way the right of the Company or any Subsidiary to terminate any Participant’s employment at any time, nor shall the Plan confer upon any Participant any right to continued employment with the Company or any Subsidiary. 
  
 Section 14. Effective Date and Term of Plan. 
  
 The Plan shall be effective as of April 22, 1991. Options may be granted
after the effective date any time prior to April 22, 2006, on which date the Plan shall expire but without affecting any options then outstanding. 
  

 34

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