VERINT SYSTEMS INC
EXHIBIT 10.18
<DOCUMENT>
<TYPE>EX-10.18
<SEQUENCE>2
<FILENAME>d60650_ex10-18.htm
<DESCRIPTION>EXHIBIT 10.18
<TEXT>
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<P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF"><B>EXHIBIT 10.18</B></FONT></P>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF"><B>VERINT SYSTEMS INC.<BR>
2004 STOCK INCENTIVE COMPENSATION PLAN</B></FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">1.</FONT></DIV>
  </TD>
  <TD WIDTH="95%" COLSPAN="2" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF"><U>Purposes of
  the Plan.</U></FONT></DIV></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="95%" COLSPAN="2" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="100%" COLSPAN="3" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">The purposes
  of the Plan are to assist the Company, its Subsidiaries and Affiliates in
  attracting and retaining valued Directors, Employees and Consultants, to
  align their respective interests with stockholders&#146; interests through
  equity-based compensation and to permit the granting of awards that is
  intended to constitute performance-based compensation for certain executive
  officers under Section 162(m) of the Code.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="100%" COLSPAN="3" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">2.</FONT></DIV></TD>
  <TD WIDTH="95%" COLSPAN="2" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF"><U>Definitions.</U></FONT></DIV></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="95%" COLSPAN="2" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">2.1</FONT></DIV></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">&#147;Affiliate&#148;
  means any entity other than the Subsidiaries in which the Company has a
  substantial direct or indirect equity interest, as determined by the Board.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">2.2</FONT></DIV></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">&#147;Award&#148;
  means an award of Deferred Stock, Restricted Stock, Options or SARs under the
  Plan.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">2.3</FONT></DIV></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">&#147;Board&#148;
  means the Board of Directors of the Company.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">2.4</FONT></DIV></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">&#147;Change in
  Control&#148; means (i) the Board (or, if approval of the Board is not required as
  a matter of law, the stockholders of the Company) shall approve (a) any
  consolidation or merger of the Company in which the Company is not the
  continuing or surviving corporation or pursuant to which shares of Common
  Stock would be converted into cash, securities or other property, other than
  a merger of the Company in which the holders of Common Stock immediately
  prior to the merger have the same proportionate ownership of common stock of
  the surviving corporation immediately after the merger, or (b) any sale,
  lease, exchange or other transfer (in one transaction or a series of related
  transactions) of all, or substantially all, the assets of the Company or (c)
  the adoption of any plan or proposal for the liquidation or dissolution of
  the Company; (ii) any person (as such term is defined in Section 13(d) of the
  1934 Act), corporation or other entity other than the Company shall make a
  tender offer or exchange offer to acquire any Common Stock (or securities
  convertible into Common Stock) for cash, securities or any other
  consideration, provided that (a) at least a portion of such securities sought
  pursuant to the offer in question is acquired and (b) after consummation of
  such offer, the person, corporation or other entity in question is the
  &#147;beneficial owner&#148; (as such term is defined in Rule 13d-3 under the 1934
  Act), directly or indirectly, of 20% or more of the outstanding shares of
  Common Stock (calculated as provided in paragraph (d) of such Rule 13d-3 in
  the case of rights to acquire Common Stock); (iii) during any period of two
  consecutive years, individuals who at the beginning of such period
  constituted the entire Board ceased for any reason to constitute a majority
  thereof unless the election, or the nomination for election by the Company&#146;s
  stockholders, of each new director was approved by a vote of at least
  two-thirds of the directors then still in office who were directors at the
  beginning of the period; or (iv) the occurrence of any other event the
  Committee determines shall constitute a &#147;Change in Control&#148; hereunder.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">2.5</FONT></DIV></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">&#147;Code&#148; means
  the Internal Revenue Code of 1986, as amended.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">2.6</FONT></DIV></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">&#147;Committee&#148;
  means the Board or the committee designated by the Board to administer the
  Plan under Section 4.&#160; </FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">2.7</FONT></DIV></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">&#147;Common
  Stock&#148; means the common stock of the Company, par value $.001 per share, or such
  other class or kind of shares or other securities resulting from the
  application of Section 10.</FONT></P></TD>
 </TR>
</TABLE>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">1</FONT></P>
<HR SIZE=5 NOSHADE>
<PAGE>



<P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF"><B>EXHIBIT 10.18</B></FONT></P>
<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">2.8</FONT></DIV></TD>
  <TD WIDTH="90%" COLSPAN="2" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">&#147;Company&#148;
  means Verint Systems Inc., a Delaware corporation, or any successor
  corporation.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="90%" COLSPAN="2" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">2.9</FONT></DIV></TD>
  <TD WIDTH="90%" COLSPAN="2" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">&#147;Consultant&#148;
  means any person (other than an Employee or a Director) who is engaged by the
  Company, a Subsidiary or an Affiliate to render consulting or advisory
  services to the Company or such Subsidiary or Affiliate.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="90%" COLSPAN="2" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">2.10</FONT></DIV></TD>
  <TD WIDTH="90%" COLSPAN="2" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">&#147;Continuous
  Service&#148; means that the provision of services to the Company or a Subsidiary
  or Affiliate in any capacity of Employee, Director or Consultant is not
  interrupted or terminated.&#160; In
  jurisdictions requiring notice in advance of an effective termination as an
  Employee, Director or Consultant, Continuous Service shall be deemed
  terminated upon the actual cessation of providing services to the Company or
  a Subsidiary or Affiliate notwithstanding any required notice period that
  must be fulfilled before a termination as an Employee, Director or Consultant
  can be effective under applicable labor laws.&#160; Continuous Service shall not be considered interrupted in the
  case of (i)&nbsp;any approved leave of absence, (ii)&nbsp;transfers among the
  Company, any Subsidiary or Affiliate, or any successor, in any capacity of
  Employee, Director or Consultant, or (iii)&nbsp;any change in status as long
  as the individual remains in the service of the Company or a Subsidiary or
  Affiliate in any capacity of Employee, Director or Consultant (except as
  otherwise provided in the Award agreement).&#160;
  An approved leave of absence shall include sick leave, military leave,
  or any other authorized personal leave.&#160;
  For purposes of each Incentive Stock Option granted under the Plan, if
  such leave exceeds ninety (90) days, and reemployment upon expiration of such
  leave is not guaranteed by statute or contract, then the Incentive Stock
  Option shall be treated as a Non-Qualified Option on the day three (3) months
  and one (1) day following the expiration of such ninety (90) day period.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="90%" COLSPAN="2" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">2.11</FONT></DIV></TD>
  <TD WIDTH="90%" COLSPAN="2" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">&#147;Deferral
  Period&#148; means the period during which the receipt of a Deferred Stock Award
  under Section 6 of the Plan will be deferred.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="90%" COLSPAN="2" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">2.12</FONT></DIV></TD>
  <TD WIDTH="90%" COLSPAN="2" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">&#147;Deferred
  Stock&#148; means an Award made under Section 6 of the Plan to receive Common
  Stock at the end of a specified Deferral Period.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="90%" COLSPAN="2" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">2.13</FONT></DIV></TD>
  <TD WIDTH="90%" COLSPAN="2" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">&#147;Director&#148;
  means each member of the Board who is not an Employee, who does not receive
  compensation from the Company or any Subsidiary in any capacity other than as
  a Director and whose membership on the Board is not attributable to any
  contract between the Company and such Director or any other entity with which
  such Director is affiliated.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="90%" COLSPAN="2" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">2.14</FONT></DIV></TD>
  <TD WIDTH="90%" COLSPAN="2" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">&#147;Employee&#148;
  means an officer or other employee of the Company, a Subsidiary or an
  Affiliate, including a director who is such an employee.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="90%" COLSPAN="2" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">2.15</FONT></DIV></TD>
  <TD WIDTH="90%" COLSPAN="2" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">&#147;Fair Market
  Value&#148; means, as of any date, the value of Common Stock determined as
  follows:</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="90%" COLSPAN="2" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">(a)</FONT></P></TD>
  <TD WIDTH="85%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">If the
  Common Stock is listed on one or more established stock exchanges or national
  market systems, including without limitation The Nasdaq National Market or The
  Nasdaq SmallCap Market of The Nasdaq Stock Market, its Fair Market Value
  shall be the closing sales price for such stock (or the closing bid, if no
  sales were reported) as quoted on the principal exchange or system on which
  the Common Stock is listed (as determined by the Committee) on the date of
  determination (or, if no closing sales price or closing bid was reported on
  that date, as applicable, on the last trading date such closing sales price
  or closing bid was reported), as reported in The Wall Street Journal or such
  other source as the Committee deems reliable;</FONT></P></TD>
 </TR>
</TABLE>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">2</FONT></P>
<HR SIZE=5 NOSHADE>
<PAGE>


<P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF"><B>EXHIBIT 10.18</B></FONT></P>
<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">(b)</FONT></P></TD>
  <TD WIDTH="85%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">If the
  Common Stock is regularly quoted on an automated quotation system (including
  the OTC Bulletin Board) or by a recognized securities dealer, its Fair Market
  Value shall be the closing sales price for such stock as quoted on such
  system or by such securities dealer on the date of determination, but if
  selling prices are not reported, the Fair Market Value of a share of Common
  Stock shall be the mean between the high bid and low asked prices for the
  Common Stock on the date of determination (or, if no such prices were
  reported on that date, on the last date such prices were reported), as
  reported in The Wall Street Journal or such other source as the Committee
  deems reliable; or</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="85%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">(c)</FONT></P></TD>
  <TD WIDTH="85%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">In the absence of an established market for the Common Stock of the
  type described in (a) and (b), above, the Fair Market Value thereof shall be
  determined by the Committee in good faith.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="85%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">2.16</FONT></DIV></TD>
  <TD WIDTH="90%" COLSPAN="2" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">&#147;Holder&#148;
  means an individual to whom an Award is made.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="90%" COLSPAN="2" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">2.17</FONT></DIV></TD>
  <TD WIDTH="90%" COLSPAN="2" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">&#147;Hostile
  Change in Control&#148; means any Change in Control described in Section 2.4(ii)
  that is not approved or recommended by the Board.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="90%" COLSPAN="2" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">2.18</FONT></DIV></TD>
  <TD WIDTH="90%" COLSPAN="2" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">&#147;Incentive
  Stock Option&#148; means an Option intended to meet the requirements of an
  incentive stock option as defined in Section 422 of the Code and designated
  as an Incentive Stock Option.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="90%" COLSPAN="2" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">2.19</FONT></DIV></TD>
  <TD WIDTH="90%" COLSPAN="2" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">&#147;1934 Act&#148;
  means the Securities Exchange Act of 1934, as amended.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="90%" COLSPAN="2" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">2.20</FONT></DIV></TD>
  <TD WIDTH="90%" COLSPAN="2" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">&#147;Non-Employee
  Director&#148; means a person defined in Rule 16b-3(b)(3) promulgated by the
  Securities and Exchange Commission under the 1934 Act, or any successor
  definition adopted by the Securities and Exchange Commission.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="90%" COLSPAN="2" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">2.21</FONT></DIV></TD>
  <TD WIDTH="90%" COLSPAN="2" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">&#147;Non-Qualified
  Option&#148; means an Option not intended to be an Incentive Stock Option, and
  designated as a Non-Qualified Option.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="90%" COLSPAN="2" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">2.22</FONT></DIV></TD>
  <TD WIDTH="90%" COLSPAN="2" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">&#147;Option&#148;
  means any stock option granted from time to time under Section&nbsp;8 of the
  Plan.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="90%" COLSPAN="2" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">2.23</FONT></DIV></TD>
  <TD WIDTH="90%" COLSPAN="2" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">&#147;Outside
  Director&#148; means a member of the Board who is an &#147;outside director&#148; within the
  meaning of Section 162(m) of the Code and the regulations promulgated
  thereunder.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="90%" COLSPAN="2" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">2.24</FONT></DIV></TD>
  <TD WIDTH="90%" COLSPAN="2" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">&#147;Plan&#148; means
  the Verint Systems Inc. 2004 Stock Incentive Compensation Plan herein set
  forth, as amended from time to time.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="90%" COLSPAN="2" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">2.25</FONT></DIV></TD>
  <TD WIDTH="90%" COLSPAN="2" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">&#147;Restricted
  Stock&#148; means Common Stock awarded under Section 7 of the Plan.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="90%" COLSPAN="2" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">2.26</FONT></DIV></TD>
  <TD WIDTH="90%" COLSPAN="2" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">&#147;Restriction
  Period&#148; means the period during which Restricted Stock awarded under Section
  7 of the Plan is subject to forfeiture.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="90%" COLSPAN="2" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">2.27</FONT></DIV></TD>
  <TD WIDTH="90%" COLSPAN="2" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">&#147;Retirement&#148;
  means retirement from Continuous Service pursuant to the relevant provisions
  of the applicable pension plan of the applicable entity or as otherwise
  determined by the Committee.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="90%" COLSPAN="2" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">2.28</FONT></DIV></TD>
  <TD WIDTH="90%" COLSPAN="2" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">&#147;SAR&#148; means
  a stock appreciation right awarded under Section 9 of the Plan.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="90%" COLSPAN="2" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">2.29</FONT></DIV></TD>
  <TD WIDTH="90%" COLSPAN="2" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">&#147;Subsidiary&#148;
  means any corporation (other than the Company) in an unbroken chain of
  corporations beginning with the Company (or any subsequent parent of the
  Company) if each of the corporations other than the last corporation in the
  unbroken chain owns stock possession
  50% or more of the total combined voting power of all classes of stock in one
  of the other corporations in such chain.</FONT></P></TD>
 </TR>
</TABLE>


<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">3</FONT></P>
<HR SIZE=5 NOSHADE>
<PAGE>


<P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF"><B>EXHIBIT 10.18</B></FONT></P>
<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">2.30</FONT></DIV></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">&#147;Ten Percent
  Stockholder&#148; means a person who on any given date owns, either directly or
  indirectly (taking into account the attribution rules contained in Section
  424(d) of the Code), stock possessing more than 10% of the total combined
  voting power of all classes of stock of the Company or a Subsidiary.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">3.</FONT></DIV></TD>
  <TD WIDTH="95%" COLSPAN="2" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF"><U>Eligibility.</U></FONT></DIV></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="95%" COLSPAN="2" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="95%" COLSPAN="2" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">Any
  Director, Employee or Consultant is eligible to receive an Award.</FONT></DIV></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="95%" COLSPAN="2" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">4.</FONT></DIV></TD>
  <TD WIDTH="95%" COLSPAN="2" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF"><U>Administration
  and Implementation of Plan.</U></FONT></DIV></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="95%" COLSPAN="2" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">4.1</FONT></DIV></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">The Plan
  shall be administered by the Committee, which shall have full power to
  interpret and administer the Plan and full authority to act in selecting the
  Employees and Consultants to whom Awards will be granted, in determining the
  type and amount of Awards to be granted to each such Employee or Consultant,
  the terms and conditions of Awards granted under the Plan and the terms of
  agreements which will be entered into with Holders.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">4.2</FONT></DIV></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">With respect
  to grants of Awards to Directors or Employees who are also officers or
  Directors of the Company, the Plan shall be administered by (a)&nbsp;the
  Board or (b)&nbsp;a Committee designated by the Board, which Committee shall
  be composed of Non-Employee Directors and constituted in such a manner as to
  satisfy the applicable laws and to permit such grants and related
  transactions under the Plan to be exempt from Section&nbsp;16(b) of the 1934
  Act in accordance with Rule&nbsp;16b-3.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">4.3</FONT></DIV></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">Grants of
  Awards to any &#147;covered employee&#148; within the meaning of Section&nbsp;162(m)(3)
  of the Code and intended to qualify as performance-based compensation under
  Section&nbsp;162(m) of the Code shall be made only by a Committee (or
  subcommittee of a Committee) which is comprised solely of two or more Outside
  Directors.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">4.4</FONT></DIV></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">The
  Committee&#146;s powers shall include, but not be limited to: determining whether,
  to what extent and under what circumstances an Option may be exchanged for
  cash, Common Stock, Restricted Stock, Deferred Stock or some combination
  thereof; determining whether, to what extent and under what circumstances an
  Award is made and operates in tandem with other Awards made hereunder;
  determining whether, to what extent and under what circumstances Common Stock
  or cash payable with respect to an Award shall be deferred, either
  automatically or at the election of the Holder (including the power to add
  deemed earnings to any such deferral); and granting Awards (other than
  Incentive Stock Options) that are transferable by the Holder.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">4.5</FONT></DIV></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">The Committee
  shall have the power to adopt regulations for carrying out the Plan and to
  make changes in such regulations, as it shall, from time to time, deem
  advisable.&#160; Any interpretation by the
  Committee of the terms and provisions of the Plan and the administration
  thereof, and all action taken by the Committee, shall be final and binding on
  all Holders.</FONT></P></TD>
 </TR>
</TABLE>


<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">4</FONT></P>
<HR SIZE=5 NOSHADE>
<PAGE>


<P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF"><B>EXHIBIT 10.18</B></FONT></P>
<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">4.6</FONT></DIV></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">The
  Committee may condition the grant of any Award or the lapse of any Deferral
  or Restriction Period (or any combination thereof) upon the Holder&#146;s
  achievement of a Performance Goal that is established by the Committee before
  the grant of the Award.&#160; For this
  purpose, a &#147;Performance Goal&#148; shall mean a goal that must be met by the end
  of a period specified by the Committee (but that is substantially uncertain
  to be met before the grant of the Award) based upon: (i) the price of Common
  Stock, (ii) the market share of the
  Company, its Subsidiaries or Affiliates (or any business unit thereof), (iii)
  sales by the Company, its Subsidiaries or Affiliates (or any business unit
  thereof), (iv) earnings per share of Common Stock, (v) pre-tax or net income
  of the Company, its Subsidiaries or Affiliates (or any business unit
  thereof), (vi) net revenue, operating income, or cash flow of the Company,
  its Subsidiaries, or Affiliates (or any business unit thereof), (vii) return
  on assets, investments or stockholder equity of the Company, or (viii) costs
  of the Company, its Subsidiaries or Affiliates (or any business unit
  thereof).&#160; An Award that is subject to
  the achievement of a Performance Goal shall, for the purposes of the Plan, be
  referred to as a &#147;Performance Based Award.&#148;&#160;
  The Committee shall have discretion to determine the specific targets
  with respect to each of these categories of Performance Goals.&#160; Before granting an Award or permitting the
  lapse of any Deferral or Restriction Period subject to this Section, the
  Committee shall certify that an individual has satisfied the applicable
  Performance Goal.&#160; In its discretion,
  the Committee may reduce the amount available to vest, become exercisable or
  be delivered or paid under any Performance Based Award based on factors it
  determines appropriate.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">5.</FONT></DIV></TD>
  <TD WIDTH="95%" COLSPAN="2" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF"><U>Shares of
  Stock Subject to the Plan.</U></FONT></DIV></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="95%" COLSPAN="2" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">5.1</FONT></DIV></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">Subject to
  adjustment as provided in Section 10, the total number of shares of Common
  Stock available for Awards under the Plan (including Incentive Stock Options)
  shall be 3,000,000 shares.&#160; In
  addition, the total number of shares of Common Stock available for Awards
  under the Plan (including Incentive Stock Options) shall be increased by any
  shares of Common Stock (up to a maximum of 1,000,000 shares) that are
  represented by awards under the Company&#146;s Stock Incentive Compensation Plan
  that are forfeited, expire or are cancelled without delivery of the shares or
  which result in forfeiture of the shares back to the Company on or after
  July&nbsp;28, 2004.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">5.2</FONT></DIV></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">The maximum
  number of shares of Common Stock subject to all Awards that may be awarded to
  any Director, Employee, or Consultant shall not exceed 1,000,000 during any
  calendar year (the &#147;Individual Limit&#148;). Notwithstanding the foregoing, the
  Individual Limit may be adjusted to reflect the effect on shares of Common
  Stock of any transaction or event described in Section 10.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">5.3</FONT></DIV></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">Any shares
  issued by the Company through the assumption or substitution of outstanding
  grants from an acquired company shall not (i) reduce the shares available for
  Awards under the Plan, or (ii) be counted against the Individual Limit.&#160; Any shares issued hereunder may consist,
  in whole or in part, of authorized and unissued shares or treasury
  shares.&#160; If any shares subject to any
  Award granted hereunder are forfeited or such Award otherwise terminates
  without the issuance of such shares or the payment of other consideration in
  lieu of such shares, the shares subject to such Award, to the extent of any
  such forfeiture or termination, shall again be available for Awards under the
  Plan.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">6.</FONT></DIV></TD>
  <TD WIDTH="95%" COLSPAN="2" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF"><U>Deferred
  Stock.</U></FONT></DIV></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="95%" COLSPAN="2" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="100%" COLSPAN="3" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">An Award of
  Deferred Stock is an agreement by the Company to deliver to the recipient a
  specified number of shares of Common Stock at the end of a specified deferral
  period or periods.&#160; Such an Award
  shall be subject to the following terms and conditions.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="100%" COLSPAN="3" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">6.1</FONT></DIV></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">Deferred
  Stock Awards shall be evidenced by Deferred Stock agreements.&#160; Such agreements shall conform to the
  requirements of the Plan and may contain such other provisions, as the
  Committee shall deem advisable.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">6.2</FONT></DIV></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">Upon
  determination of the number of shares of Deferred Stock to be awarded to a
  Holder, the Committee shall direct that the same be credited to the Holder&#146;s
  account on the books of the Company but that issuance and delivery of the
  same shall be deferred until the date or dates provided in Section 6.5
  hereof.&#160; Prior to issuance and
  delivery hereunder the Holder shall
  have no rights as a stockholder with respect to any shares of Deferred Stock
  credited to the Holder&#146;s account.</FONT></P></TD>
 </TR>
</TABLE>


<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">5</FONT></P>
<HR SIZE=5 NOSHADE>
<PAGE>


<P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF"><B>EXHIBIT 10.18</B></FONT></P>
<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">6.3</FONT></DIV></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">Amounts
  equal to any dividends declared during the Deferral Period with respect to
  the number of shares covered by a Deferred Stock Award may or may not be paid
  to the Holder currently, or may or may not be deferred and deemed to be
  reinvested in additional Deferred Stock, or otherwise reinvested on such
  terms as are determined at the time of the Award by the Committee, in its
  sole discretion, and specified in the Deferred Stock agreement.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">6.4</FONT></DIV></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">The
  Committee may condition the grant of an Award of Deferred Stock or the
  expiration of the Deferral Period upon the Holder&#146;s achievement of one or
  more Performance Goal(s) specified in the Deferred Stock agreement.&#160; If the Employee or Consultant fails to
  achieve the specified Performance Goal(s), either the Committee shall not
  grant the Deferred Stock Award to such Employee or Consultant or the Holder
  shall forfeit the Award and no Common Stock shall be transferred to him
  pursuant to the Deferred Stock Award.&#160;
  Unless otherwise determined by the Committee at the time of an Award,
  dividends paid during the Deferral Period on Deferred Stock subject to a
  Performance Goal shall be reinvested in additional Deferred Stock and the
  lapse of the Deferral Period for such Deferred Stock shall be subject to the
  Performance Goal(s) previously established by the Committee.&#160; The Deferral Period shall provide a
  three-year minimum period before a Deferred Stock award shall be fully
  delivered.&#160; </FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">6.5</FONT></DIV></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">The Deferred
  Stock agreement shall specify the duration of the Deferral Period taking into
  account the cause of the termination of a Holder&#146;s Continuous Service (such
  as death, disability or Retirement).&#160;
  The Deferral Period may consist of one or more installments.&#160; The Deferral Period shall be determined at
  the discretion of the Committee. At the end of the Deferral Period or any
  installment thereof (unless the Holder elects a longer period for distribution,
  if permitted by the Committee) the shares of Deferred Stock applicable to
  such installment credited to the account of a Holder shall be issued and
  delivered to the Holder (or, where appropriate, the Holder&#146;s legal
  representative) in accordance with the terms of the Deferred Stock
  agreement.&#160; The Committee may, in its
  sole discretion, accelerate the delivery of all or any part of a Deferred
  Stock Award or waive the deferral limitations for all or any part of a
  Deferred Stock Award in certain circumstances including, among others, a
  Holder&#146;s death, disability or a Change in Control.&#160; </FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">7.</FONT></DIV></TD>
  <TD WIDTH="95%" COLSPAN="2" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF"><U>Restricted
  Stock.</U></FONT></DIV></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="95%" COLSPAN="2" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="100%" COLSPAN="3" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">An
  Award of Restricted Stock is a grant by the Company of a specified number of
  shares of Common Stock to the Employee or Consultant, which shares are
  subject to forfeiture upon the happening of specified events.&#160; Such an Award shall be subject to the
  following terms and conditions:</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="100%" COLSPAN="3" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">7.1</FONT></DIV></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">Restricted
  Stock shall be evidenced by Restricted Stock agreements.&#160; Such agreements shall conform to the
  requirements of the Plan and may contain such other provisions, as the
  Committee shall deem advisable.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">7.2</FONT></DIV></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">Upon
  determination of the number of shares of Restricted Stock to be granted to
  the Holder, the Committee shall direct that a certificate or certificates
  representing the number of shares of Common Stock be issued to the Holder
  with the Holder designated as the registered owner.&#160; The certificate(s) representing such shares shall be legended
  as to sale, transfer, assignment, pledge or other encumbrances during the
  Restriction Period and deposited by the Holder, together with a stock power
  endorsed in blank, with the Company, to be held in escrow during the
  Restriction Period.</FONT></P></TD>
 </TR>
</TABLE>


<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">6</FONT></P>
<HR SIZE=5 NOSHADE>
<PAGE>


<P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF"><B>EXHIBIT 10.18</B></FONT></P>
<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">7.3</FONT></DIV></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">Unless
  otherwise determined by the Committee at the time of an Award, during the
  Restriction Period the Holder shall have the right to receive dividends from
  and to vote the shares of Restricted Stock.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">7.4</FONT></DIV></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">The
  Committee may condition the grant of an Award of Restricted Stock or the expiration
  of the Restriction Period upon the Employee or Consultant&#146;s achievement of
  one or more Performance Goal(s) specified in the Restricted Stock
  agreement.&#160; If the Employee or
  Consultant fails to achieve the specified Performance Goal(s), either the
  Committee shall not grant the Restricted Stock to such Employee or Consultant
  or the Holder shall forfeit the Award of Restricted Stock and the Common
  Stock shall be forfeited to the Company.&#160;
  The Restriction Period shall provide a three-year minimum period
  before a Restricted Stock award shall fully vest.&#160; </FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">7.5</FONT></DIV></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">The
  Restricted Stock agreement shall specify the duration of the Restriction
  Period and the performance, employment or other conditions (including the
  termination of a Holder&#146;s Continuous Service whether due to death,
  disability, Retirement or other cause) under which the Restricted Stock may
  be forfeited to the Company.&#160; The
  Restriction Period shall be determined at the discretion of the Committee.&#160; At the end of the Restriction Period
  (unless the Holder elects a longer period for distribution, if permitted by
  the Committee) the restrictions imposed hereunder shall lapse with respect to
  the number of shares of Restricted Stock as determined by the Committee, and
  the legend shall be removed and such number of shares delivered to the Holder
  (or, where appropriate, the Holder&#146;s legal representative).&#160; The Committee may, in its sole discretion,
  modify or accelerate the vesting and delivery of shares of Restricted Stock
  in certain circumstances including, among others, a Holder&#146;s death,
  disability or a Change in Control.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">8.</FONT></DIV></TD>
  <TD WIDTH="95%" COLSPAN="2" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF"><U>Options.</U></FONT></DIV></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="95%" COLSPAN="2" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="100%" COLSPAN="3" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">Options give
  an Employee, Consultant or Director the right to purchase a specified number
  of shares of Common Stock, Deferred Stock or Restricted Stock (as selected by
  the Committee) from the Company for a specified time period at a fixed
  price.&#160; Options granted to Employees
  may be either Incentive Stock Options or Non-Qualified Options.&#160; Option granted to Directors and
  Consultants shall be Non-Qualified Options. The grant of Options shall be subject to the following terms and
  conditions:</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="100%" COLSPAN="3" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">8.1</FONT></DIV></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">Options
  shall be evidenced by Option agreements.&#160;
  Such agreements shall conform to the requirements of the Plan, and may
  contain such other provisions, as the Committee shall deem advisable.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">8.2</FONT></DIV></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">The price
  per share at which Common Stock may be purchased upon exercise of an Option
  shall be determined by the Committee, but, in the case of grants of Incentive
  Stock Options, shall be not less than the Fair Market Value of a share of
  Common Stock on the date of grant.&#160; In
  the case of any Incentive Stock Option granted to a Ten Percent Stockholder,
  the option price per share shall not be less than 110% of the Fair Market
  Value of a share of Common Stock on the date of grant.&#160; The option price per share for
  Non-Qualified Options may be less than the Fair Market Value of a share of
  Common Stock on the date of grant only if granted expressly in lieu of cash
  compensation, and the option price may be set at a discount of not more than
  a 15% from the Fair Market Value of a share of Common Stock on the date of
  grant.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">8.3</FONT></DIV></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">The Option
  agreements shall specify when an Option may be exercised and the terms and
  conditions applicable thereto.&#160; The
  term of an Option shall in no event be greater than ten years (five years in
  the case of an Incentive Stock Option granted to a Ten Percent Stockholder).</FONT></P></TD>
 </TR>
</TABLE>


<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">7</FONT></P>
<HR SIZE=5 NOSHADE>
<PAGE>


<P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF"><B>EXHIBIT 10.18</B></FONT></P>
<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">8.4</FONT></DIV></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">Each
  provision of the Plan and each Option agreement relating to an Incentive
  Stock Option shall be construed so that each Incentive Stock Option shall be
  an incentive stock option as defined in Section 422 of the Code, and any
  provisions of the Option agreement thereof that cannot be so construed shall
  be disregarded.&#160; Incentive Stock
  Options may not be granted to employees of Affiliates.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">8.5</FONT></DIV></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">No Incentive
  Stock Option shall be transferable otherwise than by will or the laws of
  descent and distribution and, during the lifetime of the Holder, shall be
  exercisable only by the Holder.&#160; Upon
  the death of a Holder, the person to whom the rights have passed by will or
  by the laws of descent and distribution may exercise an Incentive Stock
  Option only in accordance with this Section 8.&#160; Notwithstanding the foregoing, the Holder may designate a beneficiary
  of the Holder&#146;s Incentive Stock Option in the event of the Holder&#146;s death on
  a beneficiary designation form if such a form is provided by the Committee.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">8.6</FONT></DIV></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">Except as
  provided in an Option agreement, the option price of the shares of Common
  Stock upon the exercise of an Option shall be paid in full at the time of the
  exercise in cash, in shares of Common Stock valued at Fair Market Value on
  the date of exercise or a combination of cash and such shares of Common
  Stock, or through a cashless exercise method; provided, however that shares
  used for payment must be shares of Common Stock held by the Holder for a
  period of more than six (6) months.&#160;
  To facilitate the foregoing, the Company may enter into agreements for
  coordinated procedures with one or more brokerage firms. With the consent of
  the Committee, payment upon the exercise of a Non-Qualified Option may be
  made in whole or in part by Restricted Stock (based on the fair market value
  of the Restricted Stock on the date the Option is exercised, as determined by
  the Committee).&#160; In such case the
  Common Stock to which the Option relates shall be subject to the same
  forfeiture restrictions originally imposed on the Restricted Stock exchanged
  therefor.&#160; The Committee may prescribe
  any other method of payment that it determines to be consistent with
  applicable law and the purpose of the Plan.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">8.7</FONT></DIV></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">With the
  Holder&#146;s consent, the Committee may amend any outstanding Option to deliver
  shares of Deferred Stock or Restricted Stock instead of Common Stock.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">8.8</FONT></DIV></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">If a
  Holder&#146;s Continuous Service terminates by reason of death, any unexercised
  Option granted to the Holder shall become immediately exercisable and may
  thereafter be exercised by the Holder&#146;s transferee or legal representative,
  until one (1) year after such termination of Continuous Service.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">8.9</FONT></DIV></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">Except as
  provided in an Option agreement, if a Holder&#146;s Continuous Service terminates
  by reason of disability (as determined by the Committee), any unexercised
  Option granted to the Holder shall become immediately exercisable and may
  thereafter be exercised by the Holder (or, where appropriate, the Holder&#146;s
  transferee or legal representative), until the earlier of the date specified
  in the applicable Option Agreement or 90 days after such termination of
  Continuous Service.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">8.10</FONT></DIV></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">If a
  Holder&#146;s Continuous Service terminates for any reason other than death or
  disability, all unexercised Options awarded to the Holder shall terminate on
  the date specified in the applicable Option agreement or, if none is so
  specified, 90 days after such termination of Continuous Service, except that
  if a Director&#146;s Continuous Service terminates for any reason other than death
  or disability, all unexercised Options awarded to the Holder shall terminate
  on the date specified in the applicable Option agreement or, if none is so
  specified, three years after such termination of Continuous Service.</FONT></P></TD>
 </TR>
</TABLE>


<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">8</FONT></P>
<HR SIZE=5 NOSHADE>
<PAGE>


<P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF"><B>EXHIBIT 10.18</B></FONT></P>
<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">8.11</FONT></DIV></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">The
  Committee or the Board may in their discretion extend the period during which
  an Option held by a Director, Employee or Consultant may be exercised to such
  period, not to exceed
  three years following the termination of a Director&#146;s, Employee&#146;s or
  Consultant&#146;s Continuous Service, as the Committee or the Board may determine
  to be appropriate in any particular instance.&#160; The Committee may, in its sole discretion, modify or accelerate
  the vesting and delivery of Options in certain circumstances including, among
  others, a Holder&#146;s death, disability or a Change in Control.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">9.</FONT></DIV></TD>
  <TD WIDTH="95%" COLSPAN="2" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF"><U>Stock
  Appreciation Rights.</U></FONT></DIV></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="95%" COLSPAN="2" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="100%" COLSPAN="3" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">SARs are
  rights to receive a payment in cash, Common Stock, Restricted Stock or
  Deferred Stock (as selected by the Committee) equal to the increase in the
  Fair Market Value of a specified number of shares of Common Stock from the
  date of grant of the SAR to the date of exercise.&#160; The grant of SARs shall be subject to the following terms and
  conditions:</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="100%" COLSPAN="3" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">9.1</FONT></DIV></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">SARs shall
  be evidenced by SAR agreements.&#160; Such
  agreements shall conform to the requirements of the Plan and may contain such
  other provisions, as the Committee shall deem advisable.&#160; A SAR may be granted in tandem with all or
  a portion of a related Option under the Plan (&#147;Tandem SAR&#148;), or may be
  granted separately (&#147;Freestanding SAR&#148;).&#160;
  A Tandem SAR may be granted either at the time of the grant of the
  Option or at any time thereafter during the term of the Option and shall be
  exercisable only to the extent that the related Option is exercisable.&#160; In no event shall any SAR be exercisable
  within the first six months of its grant.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">9.2</FONT></DIV></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">The base
  price of a Tandem SAR shall be the option price under the related
  Option.&#160; The base price of a
  Freestanding SAR shall be not less than 85% of the Fair Market Value of the
  Common Stock, as determined by the Committee, on the date of grant of the
  Freestanding SAR.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">9.3</FONT></DIV></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">A SAR shall
  entitle the Holder to receive a payment equal to the excess of the Fair
  Market Value of the shares of Common Stock covered by the SAR on the date of
  exercise over the base price of the SAR.&#160;
  Such payment may be in cash, in shares of Common Stock, in shares of
  Deferred Stock, in shares of Restricted Stock or any combination, as the
  Committee shall determine.&#160; Upon
  exercise of a Tandem SAR as to some or all of the shares of Common Stock
  covered by the grant, the related Option shall be canceled automatically to
  the extent of the number of shares of Common Stock covered by such exercise,
  and such shares shall no longer be available for purchase under the Option
  pursuant to Section 8.&#160; Conversely, if
  the related Option is exercised as to some or all of the shares of Common Stock
  covered by the Award, the related Tandem SAR, if any, shall be canceled
  automatically to the extent of the number of shares of Common Stock covered
  by the Option exercise.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">9.4</FONT></DIV></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">SARs shall
  be subject to the same terms and conditions applicable to Options as stated
  in Sections 8.3, 8.5, 8.7, 8.8, 8.9, 8.10, and 8.11.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">10.</FONT></DIV></TD>
  <TD WIDTH="95%" COLSPAN="2" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF"><U>Adjustments
  Upon Changes in Capitalization.</U></FONT></DIV></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="95%" COLSPAN="2" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="100%" COLSPAN="3" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">In the event
  of a reorganization, recapitalization, stock split, spin-off, split-off,
  split-up, stock dividend, issuance of stock rights, combination of shares,
  merger, consolidation or any other change in the corporate structure of the
  Company affecting Common Stock, or any distribution to stockholders other
  than a regular cash dividend, the Board shall make appropriate adjustment in
  the number and kind of shares authorized by the Plan, the Individual Limit
  set forth in Section 5.2, and any adjustments to outstanding Awards as it
  determines appropriate.&#160; No fractional
  shares of Common Stock shall be issued pursuant to such an adjustment.&#160; The Committee may determine to pay the
  Fair Market Value of any fractional shares resulting from adjustments
  pursuant to this Section in cash to the Holder.</FONT></P></TD>
 </TR>
</TABLE>


<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">9</FONT></P>
<HR SIZE=5 NOSHADE>
<PAGE>


<P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF"><B>EXHIBIT 10.18</B></FONT></P>
<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">11.</FONT></DIV></TD>
  <TD WIDTH="95%" COLSPAN="2" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF"><U>Adjustments
  Upon a Change in Control.</U></FONT></DIV></TD>
 </TR>
 <TR>
  <TD WIDTH="100%" COLSPAN="3" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="100%" COLSPAN="3" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">Except as
  otherwise provided in an applicable agreement, upon the occurrence of a
  Change in Control (other than a Hostile Change in Control), the Committee may
  elect to provide that all outstanding Options and SARs shall immediately vest
  and become exercisable, each Deferral Period and Restriction Period shall
  immediately lapse or all shares of Deferred Stock subject to outstanding
  Awards shall be issued and delivered to the Holder.&#160; In the event of a Hostile Change in Control, each of the
  foregoing actions shall occur automatically upon the occurrence of such
  Hostile Change in Control.&#160; At any
  time before a Change in Control, the Committee may, without the consent of
  any Holder of an Option or SAR, (i)&nbsp;require the entity effecting the
  Change in Control or a parent or subsidiary of such entity to assume each
  outstanding Option and SAR or substitute an equivalent option or stock
  appreciation right therefor or (ii)&nbsp;terminate and cancel all outstanding
  Options and SARs upon the Change in Control.&#160;
  In connection with any such termination and cancellation of
  outstanding Options and SARs upon a Change in Control, the Committee may
  cause the payment to the Holder of each such Option or SAR, cash equal to the
  product of (x)&nbsp;the difference between the Fair Market Value of Common
  Stock on the date of the Change in Control and the exercise price (or base
  price) of such Option or SAR and (y)&nbsp;the number of vested (and, at the
  discretion of the Committee, unvested) shares of Common Stock subject to such
  Option or SAR.&#160; For the purposes of
  this Section, an Option or SAR shall be considered assumed if, following the
  closing of the Change in Control transaction, the Option or SAR confers the
  right to purchase (or determines appreciation), for each share of Common
  Stock subject to the Option or SAR immediately prior to the closing of such
  transaction, the consideration (whether stock, cash, or other securities or
  property) received in such transaction by holders of Common Stock for each
  share held on the effective date of the transaction (and if holders were
  offered a choice of consideration, the type of consideration chosen by the
  holders of a majority of the outstanding shares of Common Stock); provided,
  however, that if such consideration received in such Change in Control
  transaction was not solely common stock of the successor corporation or its
  parent, the Committee may, with the consent of the successor corporation,
  provide for the consideration to be received upon the exercise of the Option
  or SAR, for each share of Common Stock subject to the Option or SAR, to be solely
  (or to be based solely on) common stock of the successor corporation or its
  parent equal in fair market value to the per share consideration received by
  holders of Common Stock in such transaction.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="100%" COLSPAN="3" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">12.</FONT></DIV></TD>
  <TD WIDTH="95%" COLSPAN="2" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF"><U>Effective
  Date, Termination and Amendment.</U></FONT></DIV></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="95%" COLSPAN="2" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="100%" COLSPAN="3" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">The Plan
  shall become effective upon approval of the Plan by the stockholders of the
  Company and shall remain in full force and effect until the earlier of July
  27, 2014 or the date it is terminated by the Board.&#160; The Board shall have the power to amend, suspend or terminate
  the Plan at any time, provided that no such amendment shall be made without
  stockholder approval which shall:</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="100%" COLSPAN="3" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">12.1</FONT></DIV></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">Increase
  (except as provided in Section 10) the total number of shares available for
  issuance pursuant to the Plan;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">12.2</FONT></DIV></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">Reduce the
  exercise or base prices of outstanding Options or SARs or cancel or amend
  outstanding Options or SARs for the purpose of repricing, replacing, or
  regranting such Options or SARs with an exercise price that is less than the
  exercise or base price of such Options or SARs immediately preceding such
  cancellation or amendment;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">12.3</FONT></DIV></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">Increase the
  Individual Limit (except as provided Section 10); </FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">12.4</FONT></DIV></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">Change the
  class of individuals eligible to receive an Award; or</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">12.5</FONT></DIV></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">Materially
  change the provisions of this Section 12.</FONT></P></TD>
 </TR>
</TABLE>

<P><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Termination
  of the Plan pursuant to this Section 12 shall not affect Awards outstanding
  under the Plan at the time of termination.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">10</FONT></P>
<HR SIZE=5 NOSHADE>
<PAGE>


<P ALIGN=RIGHT><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF"><B>EXHIBIT 10.18</B></FONT></P>
<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">13.</FONT></DIV></TD>
  <TD WIDTH="95%" COLSPAN="2" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF"><U>Transferability.</U></FONT></DIV></TD>
 </TR>
 <TR>
  <TD WIDTH="100%" COLSPAN="3" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="100%" COLSPAN="3" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">Except as
  provided below, Awards may not be pledged, assigned or transferred for any
  reason during the Holder&#146;s lifetime, and any attempt to do so shall be
  void.&#160; The Committee may grant Awards
  (except Incentive Stock Options) that are transferable by the Holder during such Holder&#146;s
  lifetime, but such Awards shall be transferable only to the extent specifically provided in the agreement entered into with the Holder.  The
transferee of the Holder shall, in all cases, be subject to the provisions of the agreement between the Company and the Holder.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="100%" COLSPAN="3" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">14.</FONT></DIV></TD>
  <TD WIDTH="95%" COLSPAN="2" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF"><U>General
  Provisions.</U></FONT></DIV></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="95%" COLSPAN="2" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">14.1</FONT></DIV></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">Nothing
  contained in the Plan, or any Award granted pursuant to the Plan, shall
  confer upon any Holder any right with respect to Continuous Service, nor
  interfere in any way with the right of the Company, a Subsidiary or Affiliate
  to terminate the Continuous Service of any Holder at any time.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">14.2</FONT></DIV></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">In
  connection with the transfer of shares of Common Stock as a result of the
  exercise or vesting of an Award or upon any other event that would subject
  the Holder to taxation, the Company shall have the right (a) (1) to require
  the Holder to pay an amount in cash or (2) to retain or sell without notice,
  or to demand surrender of, shares of Common Stock in value sufficient to
  cover the minimum amount of any tax, including any Federal, state or local
  income tax, required by any governmental entity to be withheld or otherwise
  deducted and paid with respect to such transfer (&#147;Withholding Tax&#148;), and (b)
  to make payment (or to reimburse itself for payment made) to the appropriate
  taxing authority of an amount in cash equal to the amount of such Withholding
  Tax, remitting any balance to the employee.&#160;
  For purposes of this Section 14.2, the value of shares of Common Stock
  so retained or surrendered shall be the Fair Market Value on the date that
  the amount of the Withholding Tax is to be determined (the &#147;Tax Date&#148;), and
  the value of shares of Common Stock so sold shall be the actual net sale
  price per share (after deduction of commissions) received by the Company. &#160;Notwithstanding the foregoing, the Holder
  shall be entitled to satisfy the obligation to pay any Withholding Tax, in
  whole or in part, by providing the Company with funds sufficient to enable
  the Company to pay such Withholding Tax or by requiring the Company to retain
  or to accept upon delivery thereof shares of Common Stock (other than
  unvested Restricted Stock) sufficient in value (determined in accordance with
  the preceding sentence) to cover the amount of such Withholding Tax.&#160; Each election by a Holder to have shares
  retained or to deliver shares for this purpose shall be subject to the
  following restrictions: (i) the election must be in writing and made on or
  prior to the Tax Date; and (ii) the election shall be subject to the
  disapproval of the Committee.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">14.3</FONT></DIV></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">With respect
  to Holders subject to Section 16 of the 1934 Act, transactions under the Plan
  are intended to comply with all applicable conditions of Rule 16b-3 or its
  successors under the 1934 Act.&#160; To the
  extent any provision of the Plan or action by the Committee fails to so
  comply, it shall be deemed null and void, to the extent permitted by law and
  deemed advisable by the Committee.</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
 </TR>
 <TR>
  <TD WIDTH="5%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P></TD>
  <TD WIDTH="5%" VALIGN=TOP>
  <DIV STYLE="MARGIN-LEFT:10PX;TEXT-INDENT:-10PX"><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">14.4</FONT></DIV></TD>
  <TD WIDTH="90%" VALIGN=TOP>
  <P ALIGN=JUSTIFY><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">To the
  extent that Federal laws (such as the 1934 Act, the Code or the Employee
  Retirement Income Security Act of 1974) do not otherwise control, the Plan
  and all determinations made and actions taken pursuant hereto shall be
  governed by the law of New York and construed accordingly.</FONT></P></TD>
 </TR>
</TABLE>

<P ALIGN=CENTER><FONT SIZE=2 FACE="TIMES NEW ROMAN, TIMES, SERIF">11</FONT></P>
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