Document:

Prepared by MerrillDirect

Exhibit
10.30

MANUFACTURERS'
SERVICES LIMITED

2000 EQUITY INCENTIVE PLAN, AS AMENDED

 

1.              DEFINED
TERMS

                    Exhibit A, which is
incorporated by reference, defines the terms used in the Plan and sets forth
certain operational rules related to those terms.

2.               GENERAL

                    The Plan has been
established to advance the interests of the Company by giving Stock-based and
other incentives to selected Employees, directors and other persons (including
both individuals and entities) who provide services to the Company or its
Affiliates.

3.               ADMINISTRATION

                    The Administrator has
discretionary authority, subject only to the express provisions of the Plan, to
interpret the Plan; determine eligibility for and grant Awards; determine,
modify or waive the terms and conditions of any Award; prescribe forms, rules
and procedures (which it may modify or waive); and otherwise do all things
necessary to carry out the purposes of the Plan.  Once an Award has been communicated in writing to a Participant,
the Administrator may not, without the Participant's consent, alter the terms
of the Award so as to affect adversely the Participant's rights under the
Award, unless the Administrator expressly reserved the right to do so.  In the case of any Award intended to be
eligible for the performance-based compensation exception under Section 162(m),
the Administrator shall exercise its discretion consistent with qualifying the
Award for such exception.

4.               LIMITS ON
AWARD UNDER THE PLAN

	 	a.	Number of Shares.  A maximum of (1) 6,004,126 shares of Stock, plus (2) any shares of Stock
  available under the Company's Existing Plan as a result of termination of
  options under the Existing Plan, plus (3) an annual increase to be added on
  the date of each annual meeting of the stockholders of the Company, beginning
  with the 2000 annual meeting of the stockholders, equal to one percent (1.0%)
  of the outstanding shares of Stock on such date or such lesser amount
  determined by the Board, may be delivered in satisfaction of Awards under the
  Plan.  The shares of Stock may be
  authorized, but unissued, or reacquired shares of Stock.  For purposes of the preceding sentence,
  the following shares shall not be considered to have been delivered under the
  Plan: (i) shares remaining under an Award that terminates without having been
  exercised in full; (ii) shares subject to an Award, where cash is delivered
  to a Participant in lieu of such shares; (iii) shares of Restricted Stock
  that have been forfeited in accordance with the terms of the applicable
  Award; and (iv) shares held back, in satisfaction of the exercise price or
  tax withholding requirements, from shares that would otherwise have been
  delivered pursuant to an Award.  The
  number of shares of Stock delivered under an Award shall be determined net of
  any previously acquired Shares tendered by the Participant in payment of the
  exercise price or of withholding taxes. 
  A maximum of 6,004,126
  shares of Stock may be issued as ISO Awards under the Plan.

	 	b.	Type of Shares.  Stock
  delivered by the Company under the Plan may be authorized but unissued Stock
  or previously issued Stock acquired by the Company and held in treasury.  No fractional shares of Stock will be
  delivered under the Plan.
	 	 	 
	 	c.	Option & SAR Limits.  The maximum number of shares of Stock for
  which Stock Options may be granted to any person in any calendar year, the
  maximum number of shares of Stock subject to SARs granted to any person in
  any calendar year and the aggregate maximum number of shares of Stock subject
  to other Awards that may be delivered to any person in any calendar year
  shall each be 1,000,000.  For purposes
  of the preceding sentence, the repricing of a Stock Option or SAR shall be
  treated as a new grant to the extent required under Section 162(m).  Subject to these limitations, each person
  eligible to participate in the Plan shall be eligible in any year to receive
  Awards covering up to the full number of shares of Stock then available for
  Awards under the Plan.
	 	 	 
	 	d.	Other Award Limits.  No more than $1,000,000 may be paid to any
  individual with respect to any Cash Performance Award.  In applying the limitation of the
  preceding sentence: (A) multiple Cash Performance Awards to the same
  individual that are determined by reference to performance periods of one
  year or less ending with or within the same fiscal year of the Company shall
  be subject in the aggregate to one limit of such amount, and (B) multiple
  Cash Performance Awards to the same individual that are determined by
  reference to one or more multi-year performance periods ending in the same
  fiscal year of the Company shall be subject in the aggregate to a separate
  limit of such amount.  With respect to
  any Performance Award other than a Cash Performance Award or a Stock Option
  or SAR, the maximum Award opportunity shall be 1,000,000 shares of Stock or
  their equivalent value in cash, subject to the limitations of Section 4.c.

5.               ELIGIBILITY
AND PARTICIPATION

                    The Administrator will
select Participants from among those key Employees, directors and other
individuals or entities providing services to the Company or its Affiliates
who, in the opinion of the Administrator, are in a position to make a
significant contribution to the success of the Company and its Affiliates.  Eligibility for ISOs is further limited to
those individuals whose employment status would qualify them for the tax
treatment described in Sections 421 and 422 of the Code.

6.               RULES
APPLICABLE TO AWARDS

                    a.               ALL AWARDS

                    (1)           Terms of Awards.  The Administrator shall determine the terms
of all Awards subject to the limitations provided herein.  In the case of an ISO, the term shall be ten
(10) years from the date of grant or such shorter term as may be provided in
the Award.  Moreover, in the case of an
ISO granted to a Participant who, at the time the ISO is granted, owns stock
representing more than ten percent (10%) of the total combined voting power of
all classes of capital stock of the Company or any Parent or Subsidiary, the
term of the ISO shall be five (5) years from the date of grant or such shorter
term as may be provided in the Award.

                    (2)            Performance Criteria.  Where rights under an Award depend in
whole or in part on satisfaction of Performance Criteria, actions by the
Company that have an effect, however material, on such Performance Criteria or
on the likelihood that they will be satisfied will not be deemed an amendment
or alteration of the Award.

                    (3)            Alternative Settlement.  The Company may at any time extinguish
rights under an Award in exchange for payment in cash, Stock (subject to the
limitations of Section 4) or other property on such terms as the Administrator
determines, provided the holder of the Award consents to such exchange.

                    (4)            Transferability Of Awards.  Except as the Administrator otherwise
expressly provides, Awards may not be transferred other than by will or by the
laws of descent and distribution, and during a Participant's lifetime an Award
requiring exercise may be exercised only by the Participant (or in the event of
the Participant's incapacity, the person or persons legally appointed to act on
the Participant's behalf).

                    (5)            Vesting,
Etc.  Without limiting
the generality of Section 3, the Administrator may determine the time or times
at which an Award will vest (i.e., become free of forfeiture
restrictions) or become exercisable and the terms on which an Award requiring
exercise will remain exercisable. 
Unless the Administrator expressly provides otherwise, immediately upon
the cessation of the Participant's employment or other service relationship
with the Company and its Affiliates an Award requiring exercise will cease to
be exercisable and all Awards to the extent not already fully vested will be
forfeited, except that:

	 	(A)	all Stock Options and SARs held by a Participant
  immediately prior to his or her death or Disability , to the extent then
  exercisable, will remain exercisable by such Participant's executor,
  administrator or representative or the person or persons to whom the Stock
  Option or SAR is transferred by will or the applicable laws of descent and
  distribution, and to the extent not then exercisable will vest and become
  exercisable upon such Participant's death or Disability by such Participant's
  executor, administrator or representative or the person or persons to whom
  the Stock Option or SAR is transferred by will or the applicable laws of
  descent and distribution, in each case for the lesser of (i) a one year
  period ending with the first anniversary of the Participant's death or
  Disability or (ii) the period ending on the latest date on which such Stock
  Option or SAR could have been exercised without regard to this Section
  6.a.(5) and shall thereupon terminate;

 

	 	(B)	all Stock Options and SARs held by the Participant
  immediately prior to the cessation of the Participant's employment or other
  service relationship for reasons other than death or Disability and except as
  provided in (C) below, to the extent then exercisable, will remain
  exercisable for the lesser of (i) a period of three months or (ii) the period
  ending on the latest date on which such Stock Option or SAR could have been
  exercised without regard to this Section 6.a.(5), and shall thereupon
  terminate; and
	 	 	 
	 	(C)	all Stock Options and SARs held by the Participant
  whose cessation of employment or other service relationship is determined by
  the Administrator in its sole discretion to result from the breach by the
  Participant of any Non-Compete Agreement or non-compete provision contained
  in any Employment Agreement shall immediately terminate upon such cessation.

Unless the Administrator expressly provides
otherwise, a Participant's "employment or other service relationship with
the Company and its Affiliates" will be deemed to have ceased, in the case
of an employee Participant, upon termination of the Participant's employment
with the Company and its Affiliates (whether or not the Participant continues
in the service of the Company or its Affiliates in some capacity other than
that of an employee of the Company or its Affiliates), and in the case of any
other Participant, when the service relationship in respect of which the Award
was granted terminates (whether or not the Participant continues in the service
of the Company or its Affiliates in some other capacity).

                    (6)            Taxes. 
The Administrator will make such provision for the withholding of
taxes as it deems necessary.  The
Administrator may, but need not, hold back shares of Stock from an Award or
permit a Participant to tender previously owned shares of Stock in satisfaction
of tax withholding requirements, but not in excess of the minimum tax withholding
rates applicable to the employee.

(7)            Dividend
Equivalents, Etc.  The
Administrator may provide for the payment of amounts in lieu of cash dividends
or other cash distributions with respect to Stock subject to an Award.

(8)            Rights
Limited.  Nothing in the
Plan shall be construed as giving any person the right to continued employment
or service with the Company or its Affiliates, or any rights as a shareholder
except as to shares of Stock actually issued under the Plan.  The loss of existing or potential profit in
Awards will not constitute an element of damages in the event of termination of
employment or service for any reason, even if the termination is in violation
of an obligation of the Company or Affiliate to the Participant.

(9)            Section
162(m).  In the case of
an Award intended to be eligible for the performance-based compensation
exception under Section 162(m), the Plan and such Award shall be construed to
the maximum extent permitted by law in a manner consistent with qualifying the
Award for such exception.

                    b.               AWARDS REQUIRING EXERCISE

                    (1)            Time And Manner Of Exercise. Unless the
Administrator expressly provides otherwise, (a) an Award requiring exercise by
the holder will not be deemed to have been exercised until the Administrator
receives a written notice of exercise (in form acceptable to the Administrator)
signed by the appropriate person and accompanied by any payment required under
the Award; and (b) if the Award is exercised by any person other than the
Participant, the Administrator may require satisfactory evidence that the
person exercising the Award has the right to do so.

                    (2)            Exercise Price.  The Administrator shall determine the exercise price of each
Stock Option provided that each Stock Option intended to qualify for the performance-based
exception under Section 162(m) of the Code and each ISO must have an exercise
price that is not less than the fair market value of the Stock subject to the
Stock Option, determined as of the date of grant.  An ISO granted to an Employee described in Section 422(b)(6) of
the Code must have an exercise price that is not less than 110% of such fair
market value.

                    (3)            Payment Of Exercise Price, If Any.  Where the exercise of an Award is to be
accompanied by payment: (a) all payments will be by cash or check acceptable to
the Administrator, or, if so permitted by the Administrator (with the consent
of the optionee of an ISO if permitted after the grant), (i) through the
delivery of shares of Stock which have been outstanding for at least six months
(unless the Administrator approves a shorter period) and which have a fair
market value equal to the exercise price, (ii) by delivery of a promissory note
of the person exercising the Award to the Company, payable on such terms as are
specified by the Administrator, (iii) by delivery of an unconditional and
irrevocable undertaking by a broker to deliver promptly to the Company
sufficient funds to pay the exercise price, or (iv) by any combination of the
foregoing permissible forms of payment; and (b) where shares of Stock issued
under an Award are part of an original issue of shares, the Award shall require
an exercise price equal to at least the par value of such shares.

                    (4)            ISOs. 
No ISO may be granted under the Plan after May 15, 2010, but ISOs
previously granted may extend beyond that date.

                    c.               AWARDS NOT REQUIRING EXERCISE

                    Awards of Restricted Stock
and Unrestricted Stock may be made in return for either (i) services determined
by the Administrator to have a value not less than the par value of the Awarded
shares of Stock, or (ii) cash or other property having a value not less than
the par value of the Awarded shares of Stock payable in such combination and
type of cash, other property (of any kind) or services as the Administrator may
determine.

7.               EFFECT OF
CERTAIN TRANSACTIONS

                    a.               MERGERS, ETC.

                    In the event of a Covered
Transaction, all outstanding Awards shall vest and if relevant become
exercisable and all deferrals, other than deferrals of amounts that are neither
measured by reference to nor payable in shares of Stock, shall be accelerated,
immediately prior to the Covered Transaction and upon consummation of such
Covered Transaction all Awards then outstanding and requiring exercise shall be
forfeited unless assumed by an acquiring or surviving entity or its affiliate
as provided in the following sentence. 
In the event of a Covered Transaction, unless otherwise determined by
the Administrator, all Awards that are payable in shares of Stock and that have
not been exercised, exchanged or converted, as applicable, shall be converted
into and represent the right to receive the consideration to be paid in such
Covered Transaction for each share of Stock into which such Award is
exercisable, exchangeable or convertible, less the applicable exercise price or
purchase price for such Award.  In
connection with any Covered Transaction in which there is an acquiring or
surviving entity, the Administrator may provide for substitute or replacement
Awards from, or the assumption of Awards by, the acquiring or surviving entity
or its affiliates, any such substitution, replacement or assumption to be on
such terms as the Administrator determines, provided that no such replacement
or substitution shall diminish in any way the acceleration of Awards provided
for in this section.

                    b.              CHANGES IN AND DISTRIBUTIONS WITH RESPECT TO THE STOCK

                    (1)            Basic Adjustment Provisions.  In the event of a stock dividend, stock
split or combination of shares, recapitalization or other change in the
Company's capital structure after January 1, 2000, the Administrator will make
appropriate adjustments to the maximum number of shares that may be delivered
under the Plan under Section 4.a., and will also make appropriate adjustments
to the number and kind of shares of stock or securities subject to Awards then
outstanding or subsequently granted, any exercise prices relating to Awards and
any other provision of Awards affected by such change.

                    (2)            Certain Other Adjustments.  The Administrator may also make
adjustments of the type described in paragraph (1) above to take into account
distributions to common stockholders other than those provided for in Section
7.a. and 7.b.(1), or any other event, if the Administrator determines that
adjustments are appropriate to avoid distortion in the operation of the Plan
and to preserve the value of Awards made hereunder; provided, that no such
adjustment shall be made to the maximum share limits described in Section 4.c.
or 4.d., or otherwise to an Award intended to be eligible for the
performance-based exception under Section 162(m), except to the extent
consistent with that exception, nor shall any change be made to ISOs except to
the extent consistent with their continued qualification under Section 422 of
the Code.

                    (3)            Continuing Application of Plan Terms. References
in the Plan to shares of Stock shall be construed to include any stock or
securities resulting from an adjustment pursuant to Section 7.b.(1) or 7.b.(2)
above.

8.               LEGAL
CONDITIONS ON DELIVERY OF STOCK

                    The Company will not be
obligated to deliver any shares of Stock pursuant to the Plan or to remove any
restriction from shares of Stock previously delivered under the Plan until the
Company's counsel has approved all legal matters in connection with the
issuance and delivery of such shares; if the outstanding Stock is at the time
of delivery listed on any stock exchange or national market system, the shares
to be delivered have been listed or authorized to be listed on such exchange or
system upon official notice of issuance; and all conditions of the Award have
been satisfied or waived.  If the sale
of Stock has not been registered under the Securities Act of 1933, as amended,
the Company may require, as a condition to exercise of the Award, such representations
or agreements as counsel for the Company may consider appropriate to avoid
violation of such Act.  The Company may
require that certificates evidencing Stock issued under the Plan bear an
appropriate legend reflecting any restriction on transfer applicable to such
Stock.

9.               AMENDMENT AND
TERMINATION

                    Subject to the last sentence
of Section 3, the Administrator may at any time or times amend the Plan or any
outstanding Award for any purpose which may at the time be permitted by law, or
may at any time terminate the Plan as to any further grants of Awards; provided, that
(except to the extent expressly required or permitted by the Plan) no such
amendment will, without the approval of the stockholders of the Company,
effectuate a change for which stockholder approval is required in order for the
Plan to continue to qualify under Section 422 of the Code and for Awards to be
eligible for the performance-based exception under Section 162(m).

10.           NON-LIMITATION
OF THE COMPANY'S RIGHTS

                    The existence of the Plan or
the grant of any Award shall not in any way affect the Company's right to Award
a person bonuses or other compensation in addition to Awards under the Plan.

11. GOVERNING LAW

                    The Plan shall be construed
in accordance with the laws of the Commonwealth of Massachusetts.

EXHIBIT A

Definition
of Terms

                    The following terms, when
used in the Plan, shall have the meanings and be subject to the provisions set
forth below:

                    "Administrator":  The Board or, if one or more has
been appointed, the Committee.

                    "Affiliate":  Any corporation or other entity owning,
directly or indirectly, 50% or more of the outstanding Stock of the Company, or
in which the Company or any such corporation or other entity owns, directly or
indirectly, 50% of the outstanding capital stock (determined by aggregate voting
rights) or other voting interests.

                    "Award":  Any or a combination of the
following:

                    (i)
Stock Options.

                    (ii)
SARs.

                    (iii)
Restricted Stock.

                    (iv)
Unrestricted Stock.

                    (v)
Deferred Stock.

                    (vi)
Securities (other than Stock Options) that are convertible into or exchangeable
for Stock on such terms and conditions as the Administrator determines.

                    (vii)
Cash Performance Awards.

                    (viii)
Performance Awards.

                    (ix)
Grants of cash, or loans, made in connection with other Awards in order to help
defray in whole or in part the economic cost (including tax cost) of the Award
to the Participant.

                    "Board":  The Board of Directors of the
Company.

                    "Cash Performance Award":  A Performance Award payable in
cash.  The right of the Company under
Section 6.a.(3) to extinguish an Award in exchange for cash or the exercise by
the Company of such right shall not make an Award otherwise not payable in cash
a Cash Performance Award.

                    "Code":  The U.S. Internal Revenue Code of
1986 as from time to time amended and in effect, or any successor statute as
from time to time in effect.

                    "Committee":  One or more committees of the
Board which in the case of Awards granted to officers of the Company shall be
comprised solely of two or more outside directors within the meaning of Section
162(m).  Any Committee may delegate
ministerial tasks to such persons (including Employees) as it deems
appropriate.

                    "Company":  Manufacturers' Services Limited.

                    "Covered Transaction":  Any of (i) a consolidation or
merger in which the Company is not the surviving corporation or which results
in the acquisition of at least 40% of the Company's then outstanding common
stock by a single person or entity or by a group of persons and/or entities
acting in concert, (ii) a sale or transfer of all or substantially all the
Company's assets, or (iii) a dissolution or liquidation of the Company.

                    "Deferred Stock":  A promise to deliver Stock or
other securities in the future on specified terms.

                    "Disability":  As defined in any Employment Agreement or,
if there is no such Employment Agreement, or if such Employment Agreement does
not contain any such defined term, then “Disability” shall mean the physical or
mental incapacity of the Participant and consequent inability of the
Participant, for a period of six (6) consecutive months or for an aggregate of
twelve (12) months in any twenty-four (24) consecutive month period, to perform
his duties with the Company.  Any
question as to the existence of the Disability of such Participant as to which
the Participant and the Company cannot agree shall be determined in writing by
a qualified independent physician mutually acceptable to the Participant and
the Company.  If the Participant and the
Company cannot agree as to a qualified independent physician, each shall
appoint such a physician and those two physicians shall select a third who
shall make such determination in writing. 
The determination of Disability made in writing to the Company and the
Participant shall be final and conclusive for all purposes of the Plan.

                    "Employee":  Any person who is employed by the
Company or an Affiliate.

                    "Existing Plan":  The Company's Second Amended and
Restated Non-Qualified Stock Option Plan.

                    "ISO":  A Stock Option intended to be an
"incentive stock option" within the meaning of Section 422 of the
Code.  No Stock Option Awarded under the
Plan will be an ISO unless the Administrator expressly provides for ISO
treatment.

                    "Parent":  A "parent corporation,"
whether now or hereafter existing, as defined in Section 424(e) of the Code.

                    "Participant":  An Employee, director or other
person providing services to the Company or its Affiliates who is granted an
Award under the Plan.

                    "Performance Award":  An Award subject to Performance
Criteria.  The Committee in its
discretion may grant Performance Awards that are intended to qualify for the
performance-based compensation exception under Section 162(m) and Performance
Awards that are not intended so to qualify.

                    "Performance Criteria":  Specified criteria the satisfaction of which
is a condition for the exercisability, vesting or full enjoyment of an
Award.  For purposes of Performance
Awards that are intended to qualify for the performance-based compensation
exception under Section 162(m), a Performance Criterion shall mean an
objectively determinable measure of performance relating to any of the
following (determined either on a consolidated basis or, as the context
permits, on a divisional, subsidiary, line of business, project or geographical
basis or in combinations thereof): (i) sales; revenues; assets; expenses;
earnings before or after deduction for all or any portion of interest, taxes,
depreciation, amortization or other items, whether or not on a continuing
operations or an aggregate or per share basis; return on equity, investment,
capital or assets; one or more operating ratios; borrowing levels, leverage
ratios or credit rating; market share; capital expenditures; cash flow; stock
price; stockholder return; network deployment; sales of particular products or
services; customer acquisition, expansion and retention; or any combination of
the foregoing; or (ii) acquisitions and divestitures (in whole or in part);
joint ventures and strategic alliances; spin-offs, split-ups and the like;
reorganizations; recapitalizations, restructurings, financings (issuance of
debt or equity) and refinancings; transactions that would constitute a change
of control; or any combination of the foregoing.  A Performance Criterion measure and targets with respect thereto determined
by the Administrator need not be based upon an increase, a positive or improved
result or avoidance of loss.

                    "Plan":  The Manufacturers' Services
Limited 2000 Equity Incentive Plan as from time to time amended and in effect.

                    "Restricted Stock":  An Award of Stock subject to
restrictions requiring that such Stock be redelivered to the Company if
specified conditions are not satisfied.

                    "Section 162(m)":  Section 162(m) of the Code.

                    "SARs":  Rights entitling the holder upon
exercise to receive cash or Stock, as the Administrator determines, equal to a
function (determined by the Administrator using such factors as it deems
appropriate) of the amount by which the Stock has appreciated in value since
the date of the Award.

                    "Stock":  Common Stock of the Company, par
value $ .001 per share.

                    "Stock Options":  Options entitling the recipient
to acquire shares of Stock upon payment of the exercise price.

                    "Subsidiary":  A "subsidiary
corporation," whether now or hereafter existing, as defined in Section
424(f) of the Code.

                    "Unrestricted Stock":  An Award of Stock not subject to
any restrictions under the Plan.Prepared by MerrillDirect

Exhibit 10.31

MANUFACTURERS' SERVICES LIMITED

2000 EMPLOYEE STOCK PURCHASE PLAN, AS AMENDED

 

SECTION 1.  PURPOSE OF PLAN

                    The Manufacturers' Services
Limited 2000 Employee Stock Purchase Plan (the "Plan") is intended to
provide a method by which eligible employees of Manufacturers' Services
Limited, a Delaware corporation ("MSL"), and such of its Subsidiaries
as the Board of Directors of MSL (the "Board of Directors") may from
time to time designate (MSL and such Subsidiaries being hereinafter referred to
as the "Company") may use voluntary, systematic payroll deductions to
purchase shares of common stock, $.001 par value of MSL (such common stock
being hereafter referred to as "Stock") and thereby acquire an
interest in the future of MSL.  For
purposes of the Plan, a "Subsidiary" is any corporation that would be
treated as a subsidiary of MSL under Section 424(f) of the Internal Revenue
Code of 1986, as amended (the "Code").  The Plan is intended to qualify under Section 423 of the Code and
shall be construed accordingly.

SECTION 2.  OPTIONS TO PURCHASE STOCK

                    Under the Plan, there is
available an aggregate of not more than 750,000 shares of Stock (subject to
adjustment as provided in Section 15) for sale pursuant to the exercise of
options ("Options") granted under the Plan to employees of the
Company ("Employees") who meet the eligibility requirements set forth
in Section 3 hereof ("Eligible Employees").  The Stock to be delivered upon exercise of Options under the Plan
may be either shares of authorized but unissued Stock or shares of reacquired
Stock, as the Board of Directors may determine.

SECTION 3.  ELIGIBLE EMPLOYEES

                    Except as otherwise provided
below, each Employee of the Company will be eligible to participate in the
Plan.

                    (a)  Any Employee who immediately after the grant
of an Option would own (or pursuant to Section 423(b)(3) of the Code would be
deemed to own) stock possessing 5% or more of the total combined voting power
or value of all classes of stock of the employer corporation or of its parent
or subsidiary corporations, as defined in Section 424 of the Code, will not be
eligible to receive an Option to purchase Stock pursuant to the Plan.

                    (b)  No Employee will be granted an Option under
the Plan that would permit his or her rights to purchase shares of stock under
all employee stock purchase plans of the employer corporation and parent and
subsidiary corporations, as defined in Section 424 of the Code, to accrue at a
rate which exceeds $25,000 in fair market value of such stock (determined at
the time the Option is granted) for each calendar year during which any such
Option granted to such Employee is outstanding at any time, as provided in
Section 423 of the Code.

                    (c) The following
categories of Employees shall not be eligible to participate in the Plan:  (i) Employees whose customary employment for
the Company is twenty (20) hours or less per week, (ii) Employees whose
customary employment for the Company is for not more than five (5) months in any
calendar year.

SECTION 4.  METHOD OF PARTICIPATION

                    The periods commencing on
the Company’s payroll cycle ending on or about August 1 and  February 1 or such other dates as the Board
of Directors (or the Board’s delegate) shall determine will be termed
"Option Periods."  Provided
that on a one time basis, the Option Period in the third quarter of 2001 will
commence on the Company’s payroll cycle ending on or about September 1 and end
on or about January 31, 2002. Each person who is an Eligible Employee on the
date that is 15 days prior to an Option Period and will be an Eligible Employee
on the first day of such Option Period may elect to participate in the Plan by
executing and delivering, at least 15 days prior to the first day of such
Option Period, a payroll deduction authorization in accordance with Section
5.  Such Employee will thereby become a
participant ("Participant") on the first day of such Option Period
and will remain a Participant until his or her participation is terminated as
provided in the Plan.

SECTION 5.  PAYROLL DEDUCTION

                    The payroll deduction
authorization will request withholding at a rate (in whole percentages) of not
less than 1% nor more than 10% from the Participant's Compensation by means of
substantially equal payroll deductions over the Option Period from payroll periods
ending in the Option Period.  For
purposes of the Plan, "Compensation" means base pay, overtime,
bonuses and other remuneration paid by the Company and includible in a
Participant's taxable income, plus any such amounts that would be includible in
the Participant's taxable income but for a deferral election under Section
401(k) of the Code, but not including income arising from the grant or vesting
of a stock option or other stock award or from the disposition of stock
acquired under such an award.  A
Participant may change the withholding rate of his or her payroll deduction
authorization by written notice delivered to the Company at least 15 days prior
to the first day of the Option Period as to which the change is to be
effective.  All amounts withheld in
accordance with a Participant's payroll deduction authorization will be
credited to a withholding account maintained in the Participant's name on the
books of the Company.  Amounts credited
to the withholding account shall belong to the Company and shall not be
required to be set aside in trust or otherwise segregated from the Company's
general assets.

SECTION 6.  GRANT OF OPTIONS

                    Each person who is a
Participant on the first day of an Option Period will be granted, as of such
day and for such Period, an Option entitling the Participant to acquire shares
of Stock equal in number to the lesser of:

	 	 	(a)  the whole
  number (disregarding any fractional share amount) determined by dividing
  $12,500 by the fair market 
	 	value of one share of Stock on the first day of the
  Option Period; and

 

 

	 	 	(b)  the number
  (rounded down to the nearest whole number) determined by dividing (i) the
  balance credited to the   
	 	Participant's withholding account on the last day of
  the Option Period, by (ii) the purchase price per share of the Stock  determined under Section 7.

MSL will reduce, on
a substantially proportionate basis, the number of shares of Stock purchasable
by each Participant upon exercise of his or her Option for an Option Period in
the event that the number of shares then available under the Plan is
insufficient.  Option grants under this
Section 6 shall be automatic and need not be separately documented.

SECTION 7.  PURCHASE PRICE

                    The purchase price of Stock
issued pursuant to the exercise of an Option will be 85% of the fair market
value of the Stock at (a) the time of grant of the Option or (b) the time at
which the Option is deemed exercised, whichever is less.  Fair market value will mean the Closing
Price of the Stock.  The "Closing
Price" of the Stock on any business day will be the last sale price,
regular way, with respect to such Stock, or, in case no such sale takes place
on such day, the average of the closing bid and asked prices, regular way, with
respect to such Stock, in either case as reported in the principal consolidated
transaction reporting system with respect to securities listed or admitted to
trading on the New York Stock Exchange; or, if such Stock is not listed or
admitted to trading on the New York Stock Exchange, as reported in the
principal consolidated transaction reporting system with respect to securities
listed on the principal national securities exchange on which such Stock is
listed or admitted to trading; or, if such Stock is not listed or admitted to
trading, the last quoted price with respect to such Stock, or, if not so
quoted, the average of the high bid and low asked prices in the
over-the-counter market with respect to such Stock, as reported by the National
Association of Securities Dealers, Inc. Automated Quotation System or such
other similar system then in use; or, if on any such date such Stock is not
quoted by any such organization, the average of the closing bid and asked
prices with respect to such Stock, as furnished by a professional market maker
making a market in such Stock selected by the Board of Directors in good faith;
or, if no such market maker is available, the fair market value of such Stock
as of such day as determined in good faith by the Board of Directors.

SECTION 8.  EXERCISE OF OPTIONS

                    If any Employee is a
Participant in the Plan on the last business day of an Option Period, he or she
will be deemed to have exercised the Option granted to him or her for that
Period.  Upon such exercise, the Company
will apply the balance of the Participant's withholding account to the purchase
of the number of whole shares of Stock determined under Section 6 and as soon
as practicable thereafter will issue and deliver certificates for said shares
to the Participant or otherwise evidence the transfer of ownership of said
shares and will return to him or her the balance, if any, of his or her
withholding account in excess of the total purchase price of the shares so
issued; provided,
that if the balance left in the account consists solely of an amount equal to
the value of a fractional share it will be retained in the Account and carried
over to the next Period.  No fractional
shares will be issued hereunder.

                    Notwithstanding
anything herein to the contrary, MSL's obligation to issue and deliver shares
of Stock under the Plan will be subject to the approval required of any
governmental authority in connection with the authorization, issuance, sale or
transfer of said shares, to any requirements of any national securities
exchange applicable thereto, and to compliance by MSL with other applicable
legal requirements in effect from time to time.

SECTION 9.  INTEREST

                    No interest will be payable
on withholding accounts.

SECTION 10.  CANCELLATION AND WITHDRAWAL

                    A Participant who holds an
Option under the Plan may at any time prior to exercise thereof under Section 8
cancel all (but not less than all) of his or her Options by written notice
delivered to the Company.  Upon such
cancellation, the balance in the Participant's withholding account will be
returned to the Participant.

                    A Participant may terminate
his or her payroll deduction authorization as of any date by written notice
delivered to the Company and will thereby cease to be a Participant as of such
date.  Any Participant who voluntarily
terminates his or her payroll deduction authorization prior to the last
business day of an Option Period will be deemed to have canceled his or her
Option.

SECTION 11.  TERMINATION OF EMPLOYMENT

                    Except as otherwise provided
in Section 12, upon the termination of a Participant's employment with the
Company for any reason, he or she will cease to be a Participant, any Option
held by him or her under the Plan will be deemed canceled, the balance of his
or her withholding account will be returned, and he or she will have no further
rights under the Plan.

SECTION 12.  DEATH OF PARTICIPANT

                    A Participant may elect that
if death should occur during an Option Period the balance, if any, of the
Participant's withholding account at the time of death will be applied at the
end of the Period to the exercise of the Participant's Option and the shares
thereby purchased under the Option (plus any balance remaining in the
Participant's withholding account) will be delivered to the Participant's
designated beneficiary or beneficiaries. 
If the Participant has more than one designated beneficiary, the Company
will determine the allocation among them and its determination will be final
and binding on all persons.  For
purposes of the Plan, a Participant's designated beneficiary(ies) shall be (i)
such person or persons as are treated as the Participant's beneficiary(ies) for
purposes of the Company group life insurance plan applicable to the
Participant, or (ii) in the absence of any beneficiary determined under clause
(i), the Participant's estate.

SECTION 13.  EQUAL RIGHTS; PARTICIPANT'S RIGHTS NOT
TRANSFERABLE

                    All Participants granted
Options under the Plan with respect to any Option Period will have the same
rights and privileges.  Each
Participant's rights and privileges under any Option granted under the Plan
will be exercisable during the Participant's lifetime only by him or her and
except as provided at Section 12 above may not be sold, pledged, assigned, or
transferred in any manner.  In the event
any Participant violates or attempts to violate the terms of this Section, any
Options held by him or her may be terminated by the Company and, upon return to
the Participant of the balance of his or her withholding account, all of the
Participant's rights under the Plan will terminate.

SECTION 14.  EMPLOYMENT RIGHTS

                    Nothing contained in the
provisions of the Plan will be construed as giving to any Employee the right to
be retained in the employ of the Company or as interfering with the right of
the Company to discharge any Employee at any time.

SECTION 15.  CHANGE IN CAPITALIZATION

                    In the event of any change
in the outstanding Stock of MSL after January 1, 2000 by reason of a stock
dividend, split-up, recapitalization, merger, consolidation, reorganization, or
other capital change, the aggregate number and type of shares available under
the Plan, the number and type of shares under Options granted but not
exercised, the maximum number and type of shares purchasable under an Option,
and the Option price will be appropriately adjusted.

SECTION 16.  ADMINISTRATION OF PLAN

                    The Plan will be
administered by the Board of Directors or delegates of the Board which may
include the Compensation Committee, which will have the right to determine any
questions which may arise regarding the interpretation and application of the
provisions of the Plan and to make, administer, and interpret such rules and
regulations as it will deem necessary or advisable.  Reference to the Board of Directors in connection with its
administrative function under the Plan shall include its delegates.

SECTION 17.  AMENDMENT AND TERMINATION OF PLAN

                    MSL reserves the right at
any time or times to amend the Plan to any extent and in any manner it may deem
advisable, by vote of the Board of Directors or delegates of the Board which
may include the Compensation Committee; provided, that any amendment that would be
treated as the adoption of a new plan for purposes of Section 423 of the Code
and the regulations thereunder will have no force or effect unless approved by
the shareholders of MSL within twelve months before or after its adoption.

 

                    The Plan may be suspended or
terminated at any time by the Board of Directors.  In connection therewith, the Board of Directors may either cancel
outstanding Options or continue them and provide that they will be exercisable
either at the end of the applicable Option Period as determined under Section 4
above or on such earlier date as the Board of Directors may specify (in which
case such earlier date shall be treated as the last day of the applicable Option
Period).

SECTION 18.  APPROVAL OF SHAREHOLDERS

The Plan and the exercisability of Options
granted hereunder will be subject to the approval of the shareholders of MSL
obtained within twelve months before or after the date the Plan is adopted by
the Board of Directors.

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