LINCOLN BANCORP /IN/
LINCOLN BANCORP 2005 STOCK OPTION PLAN
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>lin_8k0517ex101.htm
<DESCRIPTION>LINCOLN BANCORP 2005 STOCK OPTION PLAN
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      Lincoln Bancorp 2005 Stock Option Plan
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Exhibit
      10.1</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>LINCOLN
      BANCORP<br></strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>2005
      STOCK OPTION PLAN</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">1.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>Purpose.</em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      The
      purpose of the Lincoln Bancorp 2005 Stock Option Plan (the &#8220;Plan&#8221;) is to provide
      to directors, officers and other key employees of Lincoln Bancorp (the &#8220;Holding
      Company&#8221;) and its majority-owned and wholly-owned subsidiaries (individually a
&#8220;Subsidiary&#8221; and collectively the -&#8220;Subsidiaries&#8221;), including, but not limited
      to, Lincoln Bank (&#8220;LB&#8221;), who are materially responsible for the management or
      operation of the business of the Holding Company or a Subsidiary and have
      provided valuable services to the Holding Company or a Subsidiary, a favorable
      opportunity to acquire Common Stock, without par value (&#8220;Common Stock&#8221;), of the
      Holding Company, thereby providing them with an increased incentive to work
      for
      the success of the Holding Company and its Subsidiaries and better enabling
      each
      such entity to attract and retain capable directors and executive
      personnel.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">2.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>Administration
      of the Plan.</em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      The Plan
      shall be administered, construed and interpreted by a committee (the
&#8220;Committee&#8221;) consisting of at least two members of the Board of Directors of the
      Holding Company, each of whom is a &#8220;Non-Employee Director&#8221; within the meaning of
      the definition of that term contained in Reg. &#167;&#160;16b-3 promulgated under the
      Securities Exchange Act of 1934, as amended (the &#8220;1934 Act&#8221;). The members of the
      Committee shall be designated from time to time by the Board of Directors of
      the
      Holding Company. The decision of a majority of the members of the Committee
      shall constitute the decision of the Committee, and the Committee may act either
      at a meeting at which a majority of the members of the Committee is present
      or
      by a written consent signed by all members of the Committee. The Committee
      shall
      have the sole, final and conclusive authority to determine, consistent with
      and
      subject to the provisions of the Plan:</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(a)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">the
      individuals (the &#8220;Optionees&#8221;) to whom options or successive options or cash
      awards shall be granted under the Plan;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(b)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">the
      time
      when options or cash awards shall be granted hereunder;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(c)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">the
      number of shares of Common Stock to be covered under each option and the amount
      of any cash awards;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(d)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">the
      option price to be paid upon the exercise of each option;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(e)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">the
      period within which each such option may be exercised;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(f)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">the
      extent to which an option is an incentive stock option or a non-qualified stock
      option; and</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(g)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">the
      terms
      and conditions of the respective agreements by which options granted or cash
      awards shall be evidenced.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Committee shall also have authority to prescribe, amend, waive, and rescind
      rules and regulations relating to the Plan, to accelerate the vesting of any
      stock options or cash awards made hereunder, to make amendments or modifications
      in the terms and conditions (including exercisability) of the options relating
      to the effect of termination of employment of the optionee (subject to the
      last
      sentence of Section 12 hereof), to waive any restrictions or conditions
      applicable to any option or the exercise thereof, and to make all other
      determinations necessary or advisable in the administration of the
      Plan.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">3.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>Eligibility.</em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      The
      Committee may, consistent with the purposes of the Plan, grant options and
      cash
      awards to officers, directors and other key employees of the Holding Company
      or
      of a Subsidiary who in the opinion of the Committee are from time to time
      materially responsible for the management or operation of the business of the
      Holding Company or of a Subsidiary and have provided valuable services to the
      Holding Company or a Subsidiary; provided, however, that in no event may any
      employee who owns </font></div>
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    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(after
      application of the ownership rules in &#167;&#160;425(d) of the Internal Revenue Code
      of 1986, as amended (the &#8220;Code&#8221;)) shares of stock possessing more than 10
      percent of the total combined voting power of all classes of stock of the
      Holding Company or any of its Subsidiaries be granted an incentive stock option
      hereunder unless at the time such option is granted the option price is at
      least
      110% of the fair market value of the stock subject to the option and such option
      by its terms is not exercisable after the expiration of five (5) years from
      the
      date such option is granted. No employee may be granted options under the Plan
      for more than 25,000 shares of Common Stock in any calendar year (subject to
      adjustments contemplated by Section&#160;7 hereof). Subject to the foregoing
      provisions, an individual who has been granted an option under the Plan (an
      &#8220;Optionee&#8221;), if he is otherwise eligible, may be granted an additional option or
      options if the Committee shall so determine.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">4.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>Stock
      Subject to the Plan.</em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      There
      shall be reserved for issuance upon the exercise of options granted under the
      Plan, 250,000 shares of Common Stock of the Holding Company, which may be
      authorized but unissued shares or treasury shares of the Holding Company.
      Subject to Section 7 hereof, the shares for which options may be granted under
      the Plan shall not exceed that number. If any option shall expire or terminate
      or be surrendered for any reason without having been exercised in full, the
      unpurchased shares subject thereto shall (unless the Plan shall have terminated)
      become available for other options under the Plan.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">5.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>Terms
      of Options.</em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      Each
      option granted under the Plan shall be subject to the following terms and
      conditions and to such other terms and conditions not inconsistent therewith
      as
      the Committee may deem appropriate in each case:</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(a)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>Option
      Price.</em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      The
      price to be paid for shares of stock upon the exercise of each option shall
      be
      determined by the Committee at the time such option is granted, but such price
      in no event shall be less than the fair market value, as determined by the
      Committee consistent with Treas. Reg. &#167;&#160;20.2031-2 and any requirements of
&#167;&#160;422A of the Code, of such stock on the date on which such option is
      granted.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(b)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>Period
      for Exercise of Option.</em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      An
      option shall not be exercisable after the expiration of such period as shall
      be
      fixed by the Committee at the time of the grant thereof, but such period in
      no
      event shall exceed ten (10) years and one day from the date on which such option
      is granted; provided, that incentive stock options granted hereunder shall
      have
      terms not in excess of ten (10) years and non-qualified stock options shall
      be
      for a period not in excess of ten (10) years and one day from the date of grant
      thereof. Options shall be subject to earlier termination as hereinafter
      provided.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(c)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>Exercise
      of Options.</em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      The
      option price of each share of stock purchased upon exercise of an option shall
      be paid in full at the time of such exercise. Payment may be in (i) cash, (ii)
      if the Optionee may do so in conformity with Regulation T (12 C.F.R.
&#167;&#160;220.3(e)(4)) without violating &#167;&#160;16(b) or &#167;&#160;16(c) of the 1934
      Act, pursuant to a broker&#8217;s cashless exercise procedure, by delivering a
      properly executed exercise notice together with irrevocable instructions to
      a
      broker to promptly deliver to the Holding Company the total option price in
      cash
      and, if desired, the amount of any taxes to be withheld from the Optionee&#8217;s
      compensation as a result of any withholding tax obligation of the Holding
      Company or any of its Subsidiaries, as specified in such notice, or (iii) with
      the approval of the Committee, by tendering whole shares of the Holding
      Company&#8217;s Common Stock owned by the Optionee and cash having a fair market value
      equal to the cash exercise price of the shares with respect to which the option
      is being exercised. For this purpose, any shares so tendered by an Optionee
      shall be deemed to have a fair market value equal to the mean between the
      highest and lowest quoted selling prices for the shares on the date of exercise
      of the option (or if there were no sales on such date the weighted average
      of
      the means between the highest and lowest quoted selling prices for the shares
      on
      the nearest date before and the nearest date after the date of exercise of
      the
      options as prescribed by Treas. Reg. &#167; 20-2031-2), as reported in The Wall
      Street Journal or a similar publication selected by the Committee. The Committee
      shall have the authority to grant options exercisable in full at any time during
      their term, or exercisable in such installments at such times during their
      term
      as the </font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Committee
      may determine. Installments not purchased in earlier periods shall be cumulated
      and be available for purchase in later periods. Subject to the other provisions
      of this Plan, an option may be exercised at any time or from time to time during
      the term of the option as to any or all whole shares which have become subject
      to purchase pursuant to the terms of the option or the Plan, but not at any
      time
      as to fewer than one hundred (100) shares unless the remaining shares which
      have
      become subject to purchase are fewer than one hundred (100) shares. An option
      may be exercised only by written notice to the Holding Company, mailed to the
      attention of its Secretary, signed by the Optionee (or such other person or
      persons as shall demonstrate to the Holding Company his or their right to
      exercise the option), specifying the number of shares in respect of which it
      is
      being exercised, and accompanied by payment in full in either cash or by check
      in the amount of the aggregate purchase price therefor, by delivery of the
      irrevocable broker instructions referred to above, or, if the Committee has
      approved the use of the stock swap feature provided for above, followed as
      soon
      as practicable by the delivery of the option price for such shares.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(d)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>Certificates.</em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      The
      certificate or certificates for the shares issuable upon an exercise of an
      option shall be issued as promptly as practicable after such exercise. An
      Optionee shall not have any rights of a shareholder in respect to the shares
      of
      stock subject to an option until the date of issuance of a stock certificate
      to
      him for such shares. In no case may a fraction of a share be purchased or issued
      under the Plan, but if, upon the exercise of an option, a fractional share
      would
      otherwise be issuable, the Holding Company shall pay cash in lieu
      thereof.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(e)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>Termination
      of Option.</em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      If an
      Optionee (other than a director of the Holding Company or a Subsidiary who
      is
      not an employee of the Holding Company or a Subsidiary (an &#8220;Outside Director&#8221;))
      ceases to be an employee of the Holding Company and the Subsidiaries for any
      reason other than retirement, permanent and total disability (within the meaning
      of &#167;&#160;22(e)(3) of the Code), or death, any option granted to him shall
      forthwith terminate at the time specified by the Committee in the option award
      agreement which shall be no later than 30 days after the date of the employee&#8217;s
      termination of employment. Leave of absence approved by the Committee shall
      not
      constitute cessation of employment. If an Optionee (other than an Outside
      Director) ceases to be an employee of the Holding Company and the Subsidiaries
      by reason of retirement, any option granted to him may be exercised by him
      in
      whole or in part within three (3) years after the date of his retirement,
      whether or not the option was otherwise exercisable at the date of his
      retirement; provided, however, that if such employee remains a director or
      director emeritus of the Holding Company, the option granted to him may be
      exercised by him in whole or in part until the later of (a) three (3) years
      after the date of his retirement, or (b) six months after his service as a
      director or director emeritus of the Holding Company terminates. (The term
      &#8220;retirement&#8221; as used herein means such termination of employment as shall
      entitle such individual to early or normal retirement benefits under any then
      existing pension plan of the Holding Company or a Subsidiary.) If an Optionee
      (other than an Outside Director) ceases to be an employee of the Holding Company
      and the Subsidiaries by reason of permanent and total disability (within the
      meaning of &#167;&#160;22(e)(3) of the Code), any option granted to him may be
      exercised by him in whole or in part within one (1) year after the date of
      his
      termination of employment by reason of such disability whether or not the option
      was otherwise exercisable at the date of such termination. Options granted
      to
      Outside Directors shall cease to be exercisable six (6) months after the date
      such Outside Director is no longer a director or director emeritus of the
      Holding Company or a Subsidiary for any reason other than death or disability.
      If an Optionee who is an Outside Director ceases to be a director and a director
      emeritus by reason of disability, any option granted to him may be exercised
      in
      whole or in part within one (1) year after the date the Optionee ceases to
      be a
      director and a director emeritus by reason of such disability, whether or not
      the option was otherwise exercisable at such date. In the event of the death
      of
      an Optionee while in the employ or service as a director or director emeritus
      of
      the Holding Company or a Subsidiary, or, if the Optionee is not an Outside
      Director, within three (3) years after the date of his retirement (or, if later,
      six months following his termination of service as a director or director
      emeritus of the Holding Company or a Subsidiary) or within one (1) year after
      the termination of his employment by reason of permanent and total </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">&#160;</div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">3</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">&#160;</div>
      </div>
    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">disability
      (within the meaning of &#167;&#160;22(e)(3) of the Code), or, if the Optionee is an
      Outside Director, within six (6) months after he is no longer a director and
      a
      director emeritus of the Holding Company or of Subsidiary for reasons other
      than
      disability or, within one (1) year after the termination of his service by
      reason of disability, any option granted to him may be exercised in whole or
      in
      part at any time within one (1) year after the date of such death by the
      executor or administrator of his estate or by the person or persons entitled
      to
      the option by will or by applicable laws of descent and distribution until
      the
      expiration of the option term as fixed by the Committee, whether or not the
      option was otherwise exercisable at the date of his death. Notwithstanding
      the
      foregoing provisions of this subsection (e), no option shall in any event be
      exercisable after the expiration of the period fixed by the Committee in
      accordance with subsection (b) above.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(f)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>Nontransferability
      of Option.</em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      No
      option may be transferred by the Optionee otherwise than by will or the laws
      of
      descent and distribution and during the lifetime of the Optionee options shall
      be exercisable only by the Optionee or his guardian or legal
      representative.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(g)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>No
      Right to Continued Service.</em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      Nothing
      in this Plan or in any agreement entered into pursuant hereto shall confer
      on
      any person any right to continue in the employ or service of the Holding Company
      or its Subsidiaries or affect any rights the Holding Company, a Subsidiary,
      or
      the shareholders of the Holding Company may have to terminate his service at
      any
      time.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(h)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>Maximum
      Incentive Stock Options.</em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      The
      aggregate fair market value of stock with respect to which incentive stock
      options (within the meaning of &#167;&#160;422A of the Code) are exercisable for the
      first time by an Optionee during any calendar year under the Plan or any other
      plan of the Holding Company or its Subsidiaries shall not exceed $100,000.
      For
      this purpose, the fair market value of such shares shall be determined as of
      the
      date the option is granted and shall be computed in such manner as shall be
      determined by the Committee, consistent with the requirements of &#167;&#160;422A of
      the Code.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(i)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>Agreement.</em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      Each
      option shall be evidenced by an agreement between the Optionee and the Holding
      Company which shall provide, among other things, that, with respect to incentive
      stock options, the Optionee will advise the Holding Company immediately upon
      any
      sale or transfer of the shares of Common Stock received upon exercise of the
      option to the extent such sale or transfer takes place prior to the later of
      (a)
      two (2) years from the date of grant or (b) one (1) year from the date of
      exercise.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(j)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>Investment
      Representations.</em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      Unless
      the shares subject to an option are registered under applicable federal and
      state securities laws, each Optionee by accepting an option shall be deemed
      to
      agree for himself and his legal representatives that any option granted to
      him
      and any and all shares of Common Stock purchased upon the exercise of the option
      shall be acquired for investment and not with a view to, or for the sale in
      connection with, any distribution thereof, and each notice of the exercise
      of
      any portion of an option shall be accompanied by a representation in writing,
      signed by the Optionee or his legal representatives, as the case may be, that
      the shares of Common Stock are being acquired in good faith for investment
      and
      not with a view to, or for sale in connection with, any distribution thereof
      (except in case of the Optionee&#8217;s legal representatives for distribution, but
      not for sale, to his legal heirs, legatees and other testamentary
      beneficiaries). Any shares issued pursuant to an exercise of an option may
      bear
      a legend evidencing such representations and restrictions.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">6.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>Incentive
      Stock Options and Non-Qualified Stock Options.</em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      Options
      granted under the Plan may be incentive stock options under &#167;&#160;422A of the
      Code or non-qualified stock options, provided, however, that Outside Directors
      shall be granted only non-qualified stock options. All options granted hereunder
      will be clearly identified as either incentive stock options or non-qualified
      stock options. In no event will the exercise of an incentive stock option affect
      the right to exercise any non-qualified stock option, nor shall the exercise
      of
      any non-qualified stock option affect the right to exercise any incentive stock
      option. Nothing in this Plan shall be construed to prohibit the grant of
      incentive stock options and non-qualified stock options to </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">&#160;</div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">4</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">&#160;</div>
      </div>
    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">the
      same
      person, provided, further, that incentive stock options and non-qualified stock
      options shall not be granted in a manner whereby the exercise of one
      non-qualified stock option or incentive stock option affects the exercisability
      of the other.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">7.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>Adjustment
      of Shares.</em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      In the
      event of any change after the effective date of the Plan in the outstanding
      stock of the Holding Company by reason of any reorganization, recapitalization,
      stock split, stock dividend, combination of shares, exchange of shares, merger
      or consolidation, liquidation, extraordinary distribution (consisting of cash,
      securities, or other assets), or any other change after the effective date
      of
      the Plan in the nature of the shares of stock of the Holding Company, the
      Committee shall determine what changes, if any, are appropriate in the number
      and kind of shares reserved under the Plan, and the Committee shall determine
      what changes, if any, are appropriate in the option price under and the number
      and kind of shares covered by outstanding options granted under the Plan. Any
      determination of the Committee hereunder shall be conclusive.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">8.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>Cash
      Awards.</em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      The
      Committee may, at any time and in its discretion, grant to any Optionee who
      is
      granted a non-qualified stock option the right to receive, at such times and
      in
      such amounts as determined by the Committee in its discretion, a cash amount
      (&#8220;cash award&#8221;) which is intended to reimburse the Optionee for all or a portion
      of the federal, state and local income taxes imposed upon such Optionee as
      a
      consequence of the exercise of a non-qualified stock option and the receipt
      of a
      cash award.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">9.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>Replacement
      and Extension of the Terms of Options and Cash Awards.</em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      The
      Committee from time to time may permit an Optionee under the Plan or any other
      stock option plan heretofore or hereafter adopted by the Holding Company or
      any
      Subsidiary to surrender for cancellation any unexercised outstanding stock
      option and receive from his employing corporation in exchange therefor an option
      for such number of shares of Common Stock as may be designated by the Committee.
      Such Optionees also may be granted related cash awards as provided in Section
      8
      hereof.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">10.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>Change
      in Control.</em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      In the
      event of a Change in Control, all options previously granted and still
      outstanding under the Plan regardless of their terms, shall become exercisable.
      For this purpose, &#8220;Change in Control&#8221; shall mean a change in control of the
      Holding Company or LB, within the meaning of 12&#160;C.F.R. &#167;&#160;574.4(a)
      (other than a change of control resulting from a trustee or other fiduciary
      holding shares of Common Stock under an employee benefit plan of the Holding
      Company or any of its Subsidiaries).</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">11.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>Tax
      Withholding.</em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      Whenever
      the Holding Company proposes or is required to issue or transfer shares of
      Common Stock under the Plan, the Holding Company shall have the right to require
      the Optionee or his or her legal representative to remit to the Holding Company
      an amount sufficient to satisfy any federal, state and/or local withholding
      tax
      requirements prior to the delivery of any certificate or certificates for such
      shares, and whenever under the Plan payments are to be made in cash, such
      payments shall be net of an amount sufficient to satisfy any federal, state
      and/or local withholding tax requirements. If permitted by the Committee and
      pursuant to procedures established by the Committee, an Optionee may make a
      written election to have shares of Common Stock having an aggregate fair market
      value, as determined by the Committee, consistent with the requirements of
      Treas. Reg. &#167;&#160;20.2031-2, sufficient to satisfy the applicable withholding
      taxes, withheld from the shares otherwise to be received upon the exercise
      of a
      non-qualified option. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">12.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>Amendment.</em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      The
      Board of Directors of the Holding Company may amend the Plan from time to time
      and, with the consent of the Optionee, the terms and provisions of his option
      or
      cash award, except that without the approval of the holders of at least a
      majority of the shares of the Holding Company voting in person or by proxy
      at a
      duly constituted meeting or adjournment thereof:</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(a)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">the
      number of shares of stock which may be reserved for issuance under the Plan
      may
      not be increased, except as provided in Section 7 hereof;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">&#160;</div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">5</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">&#160;</div>
      </div>
    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(b)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">the
      period during which an option may be exercised may not be extended beyond ten
      (10) years and one day from the date on which such option was granted;
      and</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(c)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">the
      class
      of persons to whom options or cash awards may be granted under the Plan shall
      not be modified materially.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">No
      amendment of the Plan, however, may, without the consent of the Optionees,
      make
      any changes in any outstanding options or cash awards theretofore granted under
      the Plan which would adversely affect the rights of such Optionees.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">13.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>Termination.</em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      The
      Board of Directors of the Holding Company may terminate the Plan at any time
      and
      no option or cash award shall be granted thereafter. Such termination, however,
      shall not affect the validity of any option or cash award theretofore granted
      under the Plan. In any event, no incentive stock option may be granted under
      the
      Plan after the date which is ten (10) years from the effective date of the
      Plan.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">14.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>Successors.</em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      This
      Plan shall be binding upon the successors and assigns of the Holding
      Company.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">15.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>Governing
      Law.</em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      The
      terms of any options granted hereunder and the rights and obligations hereunder
      of the Holding Company, the Optionees and their successors in interest shall
      be
      governed by Indiana law.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">16.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>Government
      and Other Regulations.</em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      The
      obligations of the Holding Company to issue or transfer and deliver shares
      under
      options granted under the Plan or make cash awards shall be subject to
      compliance with all applicable laws, governmental rules and regulations, and
      administrative action.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">17.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>Effective
      Date.</em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      The Plan
      shall become effective on the date the Plan is approved by the holders of at
      least a majority of the shares of the Holding Company voting in person or by
      proxy at a duly constituted meeting or adjournment thereof and any options
      granted pursuant to the Plan may not be exercised until the Board of Directors
      of the Holding Company has been advised by counsel that such approval has been
      obtained and all other applicable legal requirements have been met.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font size="2">6</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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