DEL MONTE FOODS CO
STOCK APPRECIATION RIGHT AGREEMENT
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>f02042exv10w2.htm
<DESCRIPTION>STOCK APPRECIATION RIGHT AGREEMENT
<TEXT>
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<P align="right"><FONT size="2">Exhibit&nbsp;10.2
</FONT>


<P align="center"><FONT size="2"><B>DEL MONTE FOODS COMPANY<BR>
2002 STOCK INCENTIVE PLAN<BR>
STAND-ALONE STOCK APPRECIATION RIGHT AGREEMENT</B>
</FONT>


<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Del Monte Foods Company (the &#147;Company&#148;) hereby grants you,
&nbsp;<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>(the &#147;Participant&#148;), a stand-alone stock appreciation right
(&#147;SAR&#148;) under the Company&#146;s 2002 Stock Incentive Plan (the &#147;Plan&#148;), in order to
encourage you to continue to contribute to the Company&#146;s growth and success.
The SAR consists of the right to receive shares of common stock of the Company,
$0.01 par value per share (the &#147;Common Stock&#148;), in an amount whose Fair Market
Value (as defined in the Plan) is equal, with respect to the number of shares
specified below (the &#147;Shares&#148;), to the excess of (i)&nbsp;the Fair Market Value of
Common Stock on the date or dates upon which the Participant converts this SAR
or any portion thereof to Common Stock (the &#147;Conversion Date(s)&#148;), over (ii)
the Conversion Price. The SAR has been issued to the Participant hereunder as
a separate incentive in connection with his or her service to the Company and
not in lieu of any salary or other compensation for his or her services.
</FONT>


<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The date
of this Agreement is <u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u> (the &#147;Grant Date&#148;). The
latest date the SAR granted hereunder will expire is the ten (10)&nbsp;year
anniversary of the Grant Date (the &#147;Expiration Date&#148;). However, as provided in
Appendix&nbsp;A (attached hereto), the SAR may expire earlier than the Expiration
Date. Subject to the provisions of Appendix&nbsp;A, the Plan, the Del Monte
Corporation Executive Severance Policy (the &#147;Severance Policy&#148;) (if
applicable), and any applicable employment agreement, the principal features of
the SAR are as follows:
</FONT>

<DIV align="left">
<TABLE cellspacing="0" border="0" cellpadding="0" width="70%">
<TR valign="bottom">
    <TD width="38%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="32%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">Number of Shares</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
<u>Conversion Price per Share:</u></FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2"><u>covered by SAR:</u></FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>


<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">Scheduled Vesting Dates:</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Number of Shares:</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR>
    <TD valign="top"><HR size="1" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
<HR size="1" noshade></FONT></TD>
</TR>
<TR>
    <TD valign="top"><HR size="1" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
<HR size="1" noshade></FONT></TD>
</TR>
<TR>
    <TD valign="top"><HR size="1" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
<HR size="1" noshade></FONT></TD>
</TR>
</TABLE>
</DIV>

<p>
<DIV align="left">
<TABLE cellspacing="0" border="1" cellpadding="0" width="85%">
<TR valign="bottom">
    <TD width="50%"></TD>
    <TD width="50%"></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2"><B>Event Triggering
Termination of SAR:</B></FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
<B>Maximum Time to
Convert SAR into
Common Stock After
Triggering Event:*</B></FONT></TD>
</TR>



<TR valign="bottom">
    <TD valign="top"><FONT size="2">Termination of Employment for Cause</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
None</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">Termination of Employment without Cause or
Resignation other than Retirement or Disability</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
90&nbsp;days as to vested
portion; None as to
unvested portion&#134;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">Termination of Employment due to Retirement</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Expiration Date as to
vested portion; None
as to unvested
portion</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">Termination of Employment due to Disability or death</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Expiration Date</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">Death within 3&nbsp;months after Termination of Employment
without Cause</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Expiration Date or 1
year from date of
death, whichever is
sooner, as to vested portion; None as to
unvested portion</FONT></TD>
</TR>
</TABLE>
</DIV>

<P><TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="1%" nowrap align="right"><FONT size="2">*</FONT></TD>
 <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
 <TD><FONT size="2">However, in no event may this SAR be converted into Common Stock after
the Expiration Date.
</FONT></TD>
</TR>
</TABLE>

<P><TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="1%" nowrap align="right"><FONT size="2">&#134;</FONT></TD>
 <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
 <TD><FONT size="2">Provided that, for Participants covered under the Severance
Policy or who are parties to an employment agreement with the
Company or a Subsidiary of the Company, in the case of termination
of employment without Cause or resignation for Good Reason (as
defined in the Severance Policy or employment agreement, as
applicable), (i)&nbsp;with respect to Participants who
</FONT></TD>
</TR>
</TABLE>


<P align="center"><FONT size="2">&nbsp;
</FONT>

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<P><TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="1%" nowrap align="right"><FONT size="2">&nbsp;</FONT></TD>
 <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
 <TD><FONT size="2">are covered under the Severance Policy, this SAR will be treated under
such policy; and (ii)&nbsp;with respect to Participants who are not covered
under the Severance Policy but who are parties to an employment
agreement with the Company or a Subsidiary of the Company, this SAR will
be treated under such employment agreement. With respect to all other
Participants, this SAR will be treated as described in Paragraph&nbsp;5 of
Annex A.</FONT></TD>
</TR>
</TABLE>

<P align="center"><FONT size="2">2
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<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Your signature below indicates your agreement and understanding that this
SAR is subject to all of the terms and conditions contained in Appendix&nbsp;A and
the Plan. For example, important additional information on vesting and
termination of this SAR is contained in Paragraphs 4, 5 and 6 of Appendix&nbsp;A.
<B>ACCORDINGLY, PLEASE BE SURE TO READ ALL OF APPENDIX A, WHICH CONTAINS THE
SPECIFIC TERMS AND CONDITIONS OF THIS SAR.</B>
</FONT>

<DIV align="center">
<TABLE cellspacing="0" border="0" cellpadding="0" width="90%">
<TR valign="bottom">
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
    <TD width="17%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
<B>DEL MONTE FOODS COMPANY</B>
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2"><B>PARTICIPANT</B></FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">By</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR>
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
<HR size="1" noshade>
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><HR size="1" noshade></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Title: Vice President, Human Resources</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>
</TABLE>
</DIV>



<P align="center"><FONT size="2">3
</FONT>

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<P align="center"><FONT size="2">APPENDIX A<BR>
TERMS AND CONDITIONS OF STAND-ALONE STOCK APPRECIATION RIGHT
</FONT>


<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;&nbsp;&nbsp;<u>Grant of SAR</u>. The Company hereby grants to the Participant under the
Plan, as a separate incentive in connection with his or her employment and not
in lieu of any salary or other compensation for his or her services, a SAR
subject to the terms and conditions set forth in this Agreement and the Plan,
with respect to all or any part of an aggregate of
<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>&nbsp;Shares.
</FONT>


<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;&nbsp;&nbsp;<u>Conversion Price</u>. The conversion price per share for this SAR (the
&#147;Conversion Price&#148;) shall be <u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>&nbsp;.
</FONT>


<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;&nbsp;&nbsp;<u>Number of Shares</u>. The number of Shares specified in Paragraph&nbsp;1 above,
and/or the Conversion Price specified in Paragraph&nbsp;2 above, are subject to
adjustment by the Compensation Committee of the Board of Directors of the
Company (the &#147;Committee&#148;) (subject to any required stockholder approval) in the
event of any increase or decrease in the number of issued shares of Common
Stock resulting from a subdivision or consolidation of Common Stock or the
payment of a stock dividend on Common Stock, or any other increase or decrease
in the number of shares of Common Stock effected without receipt or payment of
consideration by the Company, or change in the capitalization of the Company.
Further, the Committee in its discretion will determine whether the SAR granted
pursuant to this Agreement will, in the context of a Change of Control or any
other transaction, be converted into a comparable SAR of a successor entity or
redeemed for payment in cash or kind or both.
</FONT>


<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.&nbsp;&nbsp;&nbsp;<u>Vesting Schedule</u>. Subject to earlier termination as described in
Paragraph&nbsp;5 below, and subject to treatment under the Severance Policy or an
employment agreement (if applicable) as described in Paragraph&nbsp;6 below, the SAR
granted under this Agreement is scheduled to vest as to the number of Shares
and on the dates shown on the first page of this Agreement. <I>Notwithstanding
the foregoing</I>, this SAR will vest immediately as to one hundred percent (100%)
of the Shares upon the occurrence of a Change of Control. The Committee in its
discretion will determine whether the SAR will vest immediately in the event of
other transactions including, without limitation, a liquidation or dissolution
of the Company; <I>provided that </I>this SAR in no case will be convertible into
Common Stock after the Expiration Date.
</FONT>


<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.&nbsp;&nbsp;<u>Termination of SAR</u>. In the event of Participant&#146;s termination of
employment with the Company (or, in each case described in this Paragraph&nbsp;5, a
Subsidiary of the Company) for Cause, this SAR will expire and be cancelled
upon such termination. In the event of Participant&#146;s termination of employment
without Cause, or in the event Participant resigns his or her employment for a
reason other than Disability or retirement, this SAR will remain convertible
into Common Stock to the extent vested as of the date of termination until the
expiration of ninety (90)&nbsp;days after such termination, on which date it will
expire; to the extent not vested as of the date of termination, this SAR will
expire at the close of business on the date of termination. In the event of
Participant&#146;s termination of employment as a result of retirement under any
retirement plan of the Company or a Subsidiary of the Company (within the
meaning of Section 424(f) of the Code), this SAR will remain convertible into
Common Stock to the extent vested as of the date of termination until the
Expiration Date; to the extent not vested as of the date of termination, this
SAR will expire at the close of business on the date of termination. In the
event of Participant&#146;s termination of employment on account of Disability or
death of the Participant, this SAR will remain convertible into Common Stock
with respect to all Shares, whether or not vested as to such Shares as of the
date of termination, until the Expiration Date. In the event Participant dies
within three (3)&nbsp;months following his or her termination of employment without
Cause, this SAR will remain convertible into Common Stock to the extent vested
as of the date of termination until the Expiration Date or, if sooner, one (1)
year from the date of Participant&#146;s death; to the extent not vested as of the
date of termination of employment, this SAR will expire at the close of
business on the date of termination of employment.
</FONT>



<P align="center"><FONT size="2">4
</FONT>

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<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.&nbsp;&nbsp;&nbsp;<u>Treatment under Severance Policy or Employment Contract</u>.
Notwithstanding any provision of the foregoing Paragraph&nbsp;5, for Participants
covered under the Severance Policy or who are parties to an employment
agreement with the Company or a Subsidiary of the Company, in the case of
termination of employment without Cause or resignation for Good Reason (as
defined in the Severance Policy or employment agreement, as applicable), (i)
with respect to Participants who are covered under the Severance Policy, this
SAR will be treated under such policy; and (ii)&nbsp;with respect to Participants
who are not covered under the Severance Policy but who are parties to an
employment agreement with the Company or a Subsidiary of the Company, this SAR
will be treated under such employment agreement; <I>provided that </I>this SAR in no
case will be convertible into Common Stock after the Expiration Date.
</FONT>


<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.&nbsp;&nbsp;&nbsp;<u>Persons Eligible to Convert SAR</u>. This SAR shall be convertible into
Common Stock during the Participant&#146;s lifetime by the Participant or by a
transferee to whom the SAR or the right to convert the SAR into Common Stock
has been transferred pursuant to Paragraph&nbsp;8 or Paragraph&nbsp;14 below.
</FONT>


<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.&nbsp;&nbsp;&nbsp;<u>Death of Participant</u>. The Committee, in its discretion, may permit the
Participant to designate a beneficiary or beneficiaries to whom any vested but
unconverted portion of this SAR shall be transferred. In the absence of such
designation, such vested but unconverted portion will be transferred to the
Participant&#146;s estate. No such transfer of the SAR, or the right to convert the
SAR or any portion thereof into Common Stock, will be effective to bind the
Company unless the Committee shall have been furnished with written notice
thereof and with a copy of the will and/or such evidence as the Committee deems
necessary to establish the validity of such transfer or right to convert, and
an agreement by the transferee, administrator, or executor (as applicable) to
comply with all the terms of this Agreement that are or would have been
applicable to the Participant and to be bound by the acknowledgements made by
the Participant in connection with this grant.
</FONT>


<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.&nbsp;&nbsp;&nbsp;<u>Conversion of SAR</u>. This SAR may be converted into Common Stock by the
person then entitled to do so as to any vested portion by giving written notice
of conversion to the Treasury Department of the Company, specifying the number
of full Shares with respect to which the SAR is being converted and the
effective date of the proposed conversion. No partial conversion of this SAR
may be for less than ten (10)&nbsp;Shares or multiples thereof.
</FONT>


<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.&nbsp;&nbsp;&nbsp;<u>Deferral of Effectiveness of Conversion</u>. The Company may, in its
discretion, defer the effectiveness of any conversion of this SAR in order to
allow the issuance of shares of Common Stock to be made pursuant to
registration or an exemption from registration or other methods for compliance
available under federal or state securities laws. In the case of such
deferral, the Participant shall have such rights with respect to this SAR as
are set forth in the Plan. <I>Notwithstanding the foregoing</I>, the Company is under
no obligation to effect the registration pursuant to federal or state
securities laws of any shares of Common Stock to be issued pursuant to this
SAR.
</FONT>


<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.&nbsp;&nbsp;&nbsp;<u>No Rights of Stockholder</u>. Neither the Participant (nor any
beneficiary or transferee) shall be or have any of the rights or privileges of
a stockholder of the Company in respect of any of the shares of Common Stock
issuable pursuant to the conversion of this SAR, unless and until the date of
the issuance of a stock certificate with respect to such shares of Common
Stock. Except as expressly provided in Paragraph&nbsp;3 above or in Section&nbsp;10 of
the Plan, no adjustment to this SAR shall be made for dividends or other rights
for which the record date occurs prior to the date such certificates
representing such shares of Common Stock are issued.
</FONT>


<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.&nbsp;&nbsp;&nbsp;<u>No Effect on Employment</u>. The Participant&#146;s employment with the
Company and any Subsidiary of the Company is on an at-will basis only.
Accordingly, subject to any written, express employment contract with the
Participant, nothing in this Agreement or the Plan shall confer upon the
Participant any right to continue to be employed by the Company or any
Subsidiary Company, or shall interfere with or restrict in any way the rights
of the Company or any Subsidiary of the Company, which
</FONT>


<P align="center"><FONT size="2">5
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<P align="left"><FONT size="2">are hereby expressly reserved, to terminate the employment of Participant
at any time for any lawful reason whatsoever or for no reason, with or without
Cause and with or without notice. Such reservation of rights can be modified
only in an express written contract executed by a duly authorized officer of
the Company.
</FONT>


<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.&nbsp;&nbsp;&nbsp;<u>Address for Notices</u>. Any notice to be given to the Company under the
terms of this Agreement shall be addressed to the Company, in care of its
Treasury Department, at One Market @ the Landmark, San Francisco, CA 94105, or
at such other address as the Company may hereafter designate in writing.
</FONT>


<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.&nbsp;&nbsp;&nbsp;<u>Transferability</u>. Except as provided in Paragraph&nbsp;8, above, this SAR
may be transferred solely as provided in Section&nbsp;6(c)(6) of the Plan.
</FONT>


<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.&nbsp;&nbsp;&nbsp;<u>Other Benefits</u>. Except as provided below, nothing contained in this
Agreement shall affect the Participant&#146;s right to participate in and receive
benefits under and in accordance with the then current provisions of any
pension, insurance or other Participant welfare plan or program of the Company
or any Subsidiary of the Company.
</FONT>


<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16.&nbsp;&nbsp;&nbsp;<u>Maximum Term of SAR</u>. Notwithstanding any other provision of this
Agreement, this SAR is not convertible into Common Stock after the Expiration
Date.
</FONT>


<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17.&nbsp;<u>Binding Agreement</u>. Subject to the limitation on the transferability
of this SAR contained herein, this Agreement shall be binding upon and inure to
the benefit of the heirs, legatees, legal representatives, successors and
assigns of the parties hereto.
</FONT>


<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.&nbsp;&nbsp;&nbsp;<u>Plan Governs</u>. This Agreement is subject to all of the terms and
provisions of the Plan. In the event of a conflict between one or more
provisions of this Agreement and one or more provisions of the Plan, the
provisions of the Plan shall govern. Unless otherwise specified, capitalized
terms and phrases used and not defined in this Agreement shall have the meaning
set forth in the Plan.
</FONT>


<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19.&nbsp;<u>Governing Law</u>. This Agreement shall be governed by and construed in
accordance with the laws of the State of California, without reference to its
principles of conflicts of law.
</FONT>


<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20.&nbsp;&nbsp;&nbsp;<u>Committee Authority</u>. The Committee shall have all discretion, power,
and authority to interpret the Plan and this Agreement and to adopt such rules
for the administration, interpretation and application of the Plan as are
consistent therewith. All actions taken and all interpretations and
determinations made by the Committee in good faith shall be final and binding
upon the Participant, the Company and all other interested persons, and shall
be given the maximum deference permitted by law. No member of the Committee
shall be personally liable for any action, determination or interpretation made
in good faith with respect to the Plan or this Agreement.
</FONT>


<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21.&nbsp;&nbsp;&nbsp;<u>Captions</u>. The captions provided herein are for convenience only and
are not to serve as a basis for the interpretation or construction of this
Agreement.
</FONT>


<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22.&nbsp;&nbsp;&nbsp;<u>Agreement Severable</u>. In the event that any provision in this
Agreement shall be held invalid or unenforceable, such provision shall be
severable from, and such invalidity or unenforceability shall not be construed
to have any effect on, the remaining provisions of this Agreement.
</FONT>


<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23.&nbsp;&nbsp;&nbsp;<u>Definitions</u>. For purposes of this Agreement, the following words and
phrases shall have the following meanings unless a different meaning is plainly
required by the context:
</FONT>


<P><TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="15%" nowrap align="right"><FONT size="2">(a)</FONT></TD>
 <TD width="2%"><FONT size="2">&nbsp;</FONT></TD>
 <TD><FONT size="2">&#147;Cause,&#148; when used in connection with the
termination of an Participant&#146;s employment with the Company or
any Subsidiary of the Company, shall mean (i)&nbsp;a material
breach by the Participant of the terms of his or her
employment agreement, if any; (ii)&nbsp;any act of theft,
misappropriation, embezzlement, intentional fraud or similar
conduct by the Participant involving the Company or any
affiliate; (iii)&nbsp;the conviction or the plea of <I>nolo
contendere </I>or the equivalent
</FONT></TD>
</TR>
</TABLE>


<P align="center"><FONT size="2">6
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<P><TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="15%" nowrap align="right"><FONT size="2">&nbsp;</FONT></TD>
 <TD width="2%"><FONT size="2">&nbsp;</FONT></TD>
 <TD><FONT size="2">in respect of a felony involving an act of dishonesty, moral
turpitude, deceit or fraud by the Participant; (iv)&nbsp;any
damage of a material nature to the business or property of
the Company or any affiliate caused by the Participant&#146;s
willful or grossly negligent conduct; or (v)&nbsp;the
Participant&#146;s failure to act in accordance with any specific
lawful instructions given to the Participant in connection
with the performance of his or her duties for the Company or
any affiliate.
</FONT></TD>
</TR>
</TABLE>

<P><TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="15%" nowrap align="right"><FONT size="2">(b)</FONT></TD>
 <TD width="2%"><FONT size="2">&nbsp;</FONT></TD>
 <TD><FONT size="2">&#147;Change of Control&#148; shall mean the occurrence of
one or more of the following events:
</FONT></TD>
</TR>
</TABLE>

<P><TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="19%" nowrap align="right"><FONT size="2">(i)</FONT></TD>
 <TD width="2%"><FONT size="2">&nbsp;</FONT></TD>
 <TD><FONT size="2">any sale, lease, exchange or other
transfer (in one transaction or a series of related
transactions) of all or substantially all of the assets
of the Company to any individual, partnership,
corporation, limited liability company, unincorporated
organization, trust or joint venture, or a governmental
agency or political subdivision thereof (a &#147;Person&#148;) or
group of related Persons for purposes of Section 13(d)
of the Securities Exchange Act of 1934, as amended (a
&#147;Group&#148;), together with any Affiliates (as defined
below) thereof;
</FONT></TD>
</TR>
</TABLE>

<P><TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="19%" nowrap align="right"><FONT size="2">(ii)</FONT></TD>
 <TD width="2%"><FONT size="2">&nbsp;</FONT></TD>
 <TD><FONT size="2">the approval by the holders of any
and all shares, interests, participations or other
equivalents (however designated and whether or not
voting) of corporate stock, including each class of
common stock and preferred stock, of the Company
(&#147;Capital Stock&#148;) of any plan or proposal for the
liquidation or dissolution of the Company;
</FONT></TD>
</TR>
</TABLE>

<P><TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="19%" nowrap align="right"><FONT size="2">(iii)</FONT></TD>
 <TD width="2%"><FONT size="2">&nbsp;</FONT></TD>
 <TD><FONT size="2">any Person or Group shall become the
owner, directly or indirectly, beneficially or of
record, of shares representing more than 40% of the
aggregate ordinary voting power represented by the
issued and outstanding Capital Stock (the &#147;Voting
Stock&#148;) of the Company;
</FONT></TD>
</TR>
</TABLE>

<P><TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="19%" nowrap align="right"><FONT size="2">(iv)</FONT></TD>
 <TD width="2%"><FONT size="2">&nbsp;</FONT></TD>
 <TD><FONT size="2">the replacement of a majority of the
Board of Directors of the Company (the &#147;Board of
Directors&#148;) over a two-year period commencing after the
Effective Date of the Plan, from the directors who
constituted the Board of Directors at the beginning of
such period, and such replacement shall not have been
approved by a vote of at least a majority of the Board
of Directors then still in office who either were
members of such Board of Directors at the beginning of
such period (any such individual who was a director at
the beginning of such period or is so approved,
nominated, or designated being referred to herein as an
&#147;Incumbent Director&#148;) or whose election as a member of
such Board of Directors was previously approved;
<I>provided, however</I>, that no individual shall be
considered an Incumbent Director if the individual
initially assumed office as a result of either an actual
or threatened &#147;Election Contest&#148; (as described in Rule
14a-11 promulgated under the Exchange Act) or other
actual or threatened solicitation of proxies or consents
by or on behalf of a Person other than the Board of
Directors (a &#147;Proxy Contest&#148;) including by reason of any
agreement intended to avoid or settle any Election
Contest or Proxy Contest; or
</FONT></TD>
</TR>
</TABLE>

<P><TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="19%" nowrap align="right"><FONT size="2">(v)</FONT></TD>
 <TD width="2%"><FONT size="2">&nbsp;</FONT></TD>
 <TD><FONT size="2">a merger or consolidation involving
the Company in which the Company is not the surviving
corporation, or a merger or consolidation involving the
Company in which the Company is the surviving
corporation but the holders
</FONT></TD>
</TR>
</TABLE>


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<P><TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="19%" nowrap align="right"><FONT size="2"></FONT></TD>
 <TD width="2%"><FONT size="2">&nbsp;</FONT></TD>
 <TD><FONT size="2">of shares of Common Stock receive securities of another
corporation and/or other property, including cash, or any
other similar transaction.
</FONT></TD>
</TR>
</TABLE>

<P><TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="15%" nowrap align="right"><FONT size="2">&nbsp;</FONT></TD>
 <TD width="2%"><FONT size="2">&nbsp;</FONT></TD>
 <TD><FONT size="2">For purposes of this Paragraph&nbsp;23(b), &#147;Affiliate&#148; shall mean,
with respect to any specified Person, any other Person who
directly or indirectly through one or more intermediaries
controls, or is controlled by, or is under common control
with, such specified Person. The term &#147;control&#148; means the
possession, directly or indirectly, of the power to direct or
cause the direction of the management and policies of a
Person, whether through the ownership of voting securities,
by contract or otherwise; and the terms &#147;controlling&#148; or
&#147;controlled&#148; have meanings correlative of the foregoing.
</FONT></TD>
</TR>
</TABLE>

<P><TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="15%" nowrap align="right"><FONT size="2">(c)</FONT></TD>
 <TD width="2%"><FONT size="2">&nbsp;</FONT></TD>
 <TD><FONT size="2">&#147;Disability&#148; shall mean physical or mental
disability as a result of which the Participant is unable to
perform the essential functions of his or her position, even
with reasonable accommodation, for six (6)&nbsp;consecutive months.
Any dispute as to whether or not the Participant is so
disabled shall be resolved by a physician reasonably
acceptable to the Participant and the Company whose
determination shall be final and binding upon both the
Participant and the Company or any Subsidiary of the Company.
<I>Notwithstanding the foregoing </I>provisions of this Paragraph
23(c), &#147;Disability,&#148; when used in connection with the
termination of the employment with the Company of an
Participant who at the time of such termination is a party to
a written employment or retention agreement with the Company
or any Subsidiary of the Company, shall have the meaning
assigned to such term in such agreement.
</FONT></TD>
</TR>
</TABLE>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24.&nbsp;&nbsp;&nbsp;<u>Modifications to the Agreement</u>. This Agreement constitutes the entire
understanding of the parties on the subjects covered. The Participant
expressly warrants that he or she is not executing this Agreement in reliance
on any promises, representations, or inducements other than those contained
herein. Modifications to this Agreement or the Plan can be made only in an
express written contract executed by a duly authorized officer of the Company.
</FONT>




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