OWENS CORNING
OWENS CORNING 1995 STOCK PLAN
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>4
<FILENAME>ex10_2002f10-k.htm
<DESCRIPTION>OWENS CORNING 1995 STOCK PLAN
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<TITLE>1995 Stock Plan</TITLE>
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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=4>OWENS CORNING <BR>1995 STOCK PLAN </FONT></H1>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(as amended and
restated effective January 1, 2000) </FONT></H1>

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<H1 ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>ARTICLE 1.
<I>Establishment, Purpose, and Duration </I></FONT></H1>

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<P ALIGN="JUSTIFY"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1
<I>Establishment of the Plan</I>. Owens Corning, a Delaware corporation (hereinafter
referred to as the &#147;Company&#148;), has previously established an incentive
compensation plan known as the &#147;Owens Corning 1995 Stock Plan&#148; (hereinafter
referred to as the &#147;Plan&#148;), as set forth in this document. The Plan permits the
grant of Nonqualified Stock Options, Stock Bonuses (including Phantom Stock Bonuses) and
Restricted Stock. </FONT></P>

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<P ALIGN="JUSTIFY"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Board of Directors of the Company approved the Plan on December 1, 1994 and amended it on
June 15, 1995. The Plan became effective January 1, 1995 (the &#147;Effective Date&#148;).
Pursuant to authority delegated by resolution of the Board of Directors to the Company,
the Plan has been amended and restated effective January 1, 1998, January 1, 1999, and
January 1,2000, and shall remain in effect as provided in Section 1.3 herein. </FONT></P>

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<P ALIGN="JUSTIFY"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2
<I>Purpose of the Plan</I>. The purpose of the Plan is to promote the success and enhance
the value of the Company by linking the personal interests of Participants to those of
Company stockholders. The Plan is further intended to provide flexibility to the Company
in its ability to motivate, attract, and retain the services of Participants upon whose
judgment, interest, and special effort the successful conduct of its operation largely is
dependent. </FONT></P>

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<P ALIGN="JUSTIFY"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.3
<I>Duration of the Plan</I>. The Plan shall commence on the Effective Date, as described
in Section 1.1 herein, and shall remain in effect, subject to the right of the Board of
Directors to terminate the Plan at any time pursuant to Article 9 herein, until all Shares
subject to it shall have been purchased or acquired according to the Plan&#146;s
provisions. However, in no event may an Award be granted under the Plan on or after the
tenth anniversary of the Plan&#146;s Effective Date. </FONT></P>

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<H1 ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>ARTICLE 2. <I>Definitions
and Construction </I></FONT></H1>

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<P ALIGN="JUSTIFY"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1
<I>Definitions</I>. Whenever used in the Plan, the following terms shall have the meanings
set forth below and, when the meaning is intended, the initial letter of the word is
capitalized: </FONT></P>

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               <TD WIDTH=97%><P ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;
               &#147;<I>Affiliates&#148;</I> means any corporation (other than a Subsidiary),
               partnership, joint venture, or any other entity in which the Company owns,
               directly or indirectly, at least a ten percent (10%) Beneficial Ownership
               interest. </FONT></P></TD>
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               <TD WIDTH=97%><P ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;
               &#147;<I>Award&#148;</I> means, individually or collectively, a grant under this
               Plan of Nonqualified Stock Options or Stock Bonuses (including Phantom Stock
               Bonuses and Restricted Stock). </FONT></P></TD>
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               <TD WIDTH=97%><P ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;
               &#147;<I>Beneficial Owner&#148;</I> shall have the meaning ascribed to such term
               in Rule 13d-3 of the General Rules and Regulations under the Exchange Act. </FONT></P></TD>
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               <TD WIDTH=97%><P ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;
               &#147;<I>Board&#148;</I> or &#147;<I>Board of Directors&#148;</I> means the
               Board of Directors of Owens Corning. </FONT></P></TD>
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               <TD WIDTH=97%><P ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;
               &#147;<I>Cause&#148;</I> means a felony conviction of a Participant or the
               failure of a Participant to contest prosecution for a felony, or a
               Participant&#146;s willful misconduct or dishonesty, any of which is directly
               and materially harmful to the business or reputation of the Company, including
               any Subsidiary, Parent, or Affiliate. </FONT></P></TD>
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               <TD WIDTH=97%><P ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;
               &#147;<I>Change of Control&#148;</I> of the Company shall be deemed to have
               occurred as of the first day any one or more of the following conditions shall
               have been satisfied: </FONT></P></TD>
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               <TD WIDTH=94%><P ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;
               Any Person (other than the Company, any Company employee benefit plan (including
               its trustee), any Person acting on behalf of the Company in a distribution of
               stock to the public, or any entity owned directly or indirectly by the
               stockholders (immediately prior to such transaction) of the Company in
               substantially the same proportions as their ownership of the Company) is or
               becomes the Beneficial Owner, directly or indirectly, of securities of the
               Company representing fifteen percent (15%) or more of the combined voting power
               of the then outstanding securities of the Company entitled to vote generally in
               the election of Directors; or </FONT></P></TD>
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               <TD WIDTH=94%><P ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;
               The occurrence of any transaction or event relating to the Company that is
               required to be reported in response to the requirements of Item 5(f) of Schedule
               13E-3 of Regulation 13A of the Exchange Act; or </FONT></P></TD>
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               <TD WIDTH=94%><P ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;
               When, during any period of two (2) consecutive years during the existence of the
               Plan, the individuals who, at the beginning of such period, constitute the Board
               of Directors of the Company, cease for any reason other than death to constitute
               at least a majority thereof, unless each Director who was not a Director at the
               beginning of such period was elected by, or on the recommendation of, at least
               two-thirds of the Directors at the beginning of such period, provided that any
               Director elected by or on the recommendation of at least two-thirds of the
               Directors at the beginning of any such two (2) year period shall be treated as
               if he or she had been a Director at the beginning of such period; or </FONT></P></TD>
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               <TD WIDTH=94%><P ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)&nbsp;
               The occurrence of a transaction requiring stockholder approval for the
               acquisition of the Company by an entity other than the Company or a Subsidiary
               through purchase of assets, or by merger, or otherwise. </FONT></P></TD>
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               <TD WIDTH=97%><P ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;
               &#147;<I>Change-of-Control Price&#148;</I> means the highest price per Share of
               Company Common Stock paid in any transaction reported on the New York Stock
               Exchange Composite Tape, or paid in any transaction related to a Potential or
               actual Change of Control of the Company at any time during the preceding sixty
               (60) calendar day period, as determined by the Committee. </FONT></P></TD>
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               <TD WIDTH=97%><P ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)&nbsp;
               &#147;<I>Code&#148;</I> means the Internal Revenue Code of 1986, as amended from
               time to time. </FONT></P></TD>
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               <TD WIDTH=97%><P ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;
               &#147;<I>Committee&#148;</I> means the committee of two (2) or more Directors
               appointed by the Board to administer the Plan, as further provided in Article 3
               herein. When used herein, &#147;Committee&#148; shall also include any person or
               persons to whom the Committee&#146;s authority has been lawfully delegated
               pursuant to Article 3. </FONT></P></TD>
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               <TD WIDTH=97%><P ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)&nbsp;
               &#147;<I>Company&#148;</I> means Owens Corning, a Delaware corporation, and any
               successor thereto as provided in Article 14 herein. </FONT></P></TD>
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               <TD WIDTH=97%><P ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)<I>&nbsp;
               &#147;Director&#148;</I> means any individual who is a member of the Board of
               Directors of the Company. </FONT></P></TD>
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               <TD WIDTH=97%><P ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l)&nbsp;
               &#147;<I>Disability&#148;</I> or &#147;<I>Disabled&#148;</I> means disability as
               determined under the long-term disability program of the Company, a Subsidiary
               or Affiliate applicable to the Employee. </FONT></P></TD>
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               <TD WIDTH=97%><P ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m)&nbsp;
               <I>&#147;Employee&#148;</I> means any employee of the Company or a Subsidiary,
               including part time employees and employees who are represented by a collective
               bargaining agent with respect to such employment. </FONT></P></TD>
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               <TD WIDTH=97%><P ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n)&nbsp;
               <I>&#147;Exchange Act&#148;</I> means the Securities Exchange Act of 1934, as
               amended from time to time, or any successor Act thereto. </FONT></P></TD>
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               <TD WIDTH=97%><P ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o)&nbsp;
               <I>&#147;Fair Market Value&#148;</I> means, as of any given date, the closing
               sale price of the Stock on such date on the New York Stock Exchange Composite
               Tape; or, if (and only if) the Committee in its discretion so specifies, the
               average on such date of the closing price of the Stock on each day on which the
               Stock is traded over a period of up to 20 trading days immediately prior to such
               date. However, if the foregoing method of determining Fair Market Value is not
               consistent with any then applicable regulations of the U.S. Secretary of the
               Treasury, then Fair Market Value shall be determined in accordance with those
               regulations. </FONT></P></TD>
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               <TD WIDTH=97%><P ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p)&nbsp;
               <I>&#147;Insider&#148;</I> shall mean an Employee whose transactions in equity
               securities of the Company are, at the time an Award is made under this Plan,
               subject to Section 16 of the Exchange Act. </FONT></P></TD>
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               <TD WIDTH=97%><P ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(q)&nbsp;
               <I>&#147;Nonqualified Stock Option&#148;</I> or <I>&#147;NQSO&#148;</I> means an
               option to purchase Shares, granted under Article 6 herein, which is not intended
               by the Committee to qualify for the tax treatment applicable to incentive stock
               options under Section 422 of the Code. </FONT></P></TD>
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               <TD WIDTH=97%><P ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(r)&nbsp;
               <I>&#147;Option&#148;</I> or <I>&#147;Stock Option&#148;</I> means an option
               granted under Article 6 herein. </FONT></P></TD>
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               <TD WIDTH=97%><P ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(s)&nbsp;
               <I>&#147;Option Price&#148;</I> means the price at which a Share may be
               purchased by a Participant pursuant to an Option, as determined by the
               Committee, and as further described in Section 6.3 herein. </FONT></P></TD>
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               <TD WIDTH=97%><P ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(t)&nbsp;
               <I>&#147;Parent&#148;</I> shall have the meaning ascribed to such term in Rule
               12b-2 of the General Rules and Regulations under the Exchange Act. </FONT></P></TD>
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               <TD WIDTH=97%><P ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(u)&nbsp;
               <I>&#147;Participant&#148;</I> means a current or former eligible Employee who
               has outstanding an Award granted under the Plan. </FONT></P></TD>
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               <TD WIDTH=97%><P ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)&nbsp;
               <I>&#147;Period of Restriction&#148;</I> means the period during which the
               transfer of Shares of Restricted Stock is limited in some way (based on the
               passage of time, the achievement of performance goals, or upon the occurrence of
               other events as determined by the Committee, at its discretion), and the Shares
               are subject to a substantial risk of forfeiture, as provided in Article 7
               herein. </FONT></P></TD>
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               <TD WIDTH=97%><P ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(w)&nbsp;
               <I>&#147;Person&#148;</I> shall have the meaning ascribed to such term in
               Section 3(a)(9) of the Exchange Act and used in Sections 13(d)(3) and 14(d)(2)
               thereof, including a &#147;group&#148; as defined in Section 13(d). </FONT></P></TD>
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               <TD WIDTH=97%><P ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x)&nbsp;
               <I>&#147;Phantom Stock Bonus Award&#148;</I> means an amount of cash that is
               determined by reference to the Fair Market Value of a designated number of
               Shares, which is paid to an Employee or which the Committee agrees to pay to an
               Employee in the future in lieu of, or as a supplement to, any other compensation
               that may have been earned by services rendered prior to the payment date,
               subject to such terms and conditions (if any) as the Committee may impose.
               Phantom Stock Bonus Awards are a specific type of Stock Bonus Award. </FONT></P></TD>
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               <TD WIDTH=97%><P ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(y)&nbsp;
               <I>&#147;Potential Change of Control&#148;</I> of the Company shall mean the
               occurrence of one or more of the following: </FONT></P></TD>
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<TD WIDTH=94%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;          The
entering into an agreement by the Company, the consummation of which would
          result in a Change of Control; or  </FONT></P></TD>
</TR>
</TABLE>
<BR>

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          <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
               <TR VALIGN=TOP>
               <TD ALIGN=RIGHT WIDTH=6%></TD>
               <TD WIDTH=94%><P ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;
               The acquisition of Beneficial Ownership, directly or indirectly, by any Person
               (other than the Company, any Company employee benefit plan (including its
               trustee), any Person acting on behalf of the Company in a distribution of stock
               to the public, or any entity owned directly or indirectly by the stockholders
               (immediately prior to the acquisition) of the Company in substantially the same
               proportions as their ownership of the Company) of securities of the Company
               representing five percent (5%) or more of the combined voting power of the
               Company&#146;s then outstanding securities, and the adoption by the Board of
               Directors of a resolution to the effect that a Potential Change of Control of
               the Company has occurred for purposes of this Plan. </FONT></P></TD>
               </TR>
               </TABLE>
               <BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD ALIGN=RIGHT WIDTH=3%></TD>
<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(z)&nbsp;<I>&nbsp;          &#147;Restricted
Stock&#148;</I> means an Award granted to a Participant           pursuant to Article 7
herein.  </FONT></P></TD>
</TR>
</TABLE>
<BR>

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          <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
               <TR VALIGN=TOP>
               <TD ALIGN=RIGHT WIDTH=3%></TD>
               <TD WIDTH=97%><P ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(aa)<I>&nbsp;
               &#147;Retirement&#148; </I>means termination of employment with the Company, its
               Subsidiaries and Affiliates at or after attainment of age 55 with a vested
               retirement benefit under a pension plan of the Company, a Subsidiary or
               Affiliate. </FONT></P></TD>
               </TR>
               </TABLE>
               <BR>

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          <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
               <TR VALIGN=TOP>
               <TD ALIGN=RIGHT WIDTH=3%></TD>
               <TD WIDTH=97%><P ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(bb)&nbsp;
               <I>&#147;Share(s)&#148;</I> or <I>&#147;Stock&#148;</I> means the Shares of
               common stock, $0.10 par value, of Owens Corning. </FONT></P></TD>
               </TR>
               </TABLE>
               <BR>

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          <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
               <TR VALIGN=TOP>
               <TD ALIGN=RIGHT WIDTH=3%></TD>
               <TD WIDTH=97%><P ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(cc)&nbsp;
               &#147;<I>Stock Bonus Award&#148; </I>means Shares, or an amount of cash that is
               determined by reference to the Fair Market Value of Shares, which is distributed
               or paid to an Employee or which the Committee agrees to distribute or pay in the
               future in lieu of, or as a supplement to, any other compensation that may have
               been earned by services rendered prior to the distribution or payment date,
               subject to such terms and conditions (if any) as the Committee may impose. The
               amount of any Stock Bonus Award payable in Shares may but need not be determined
               by reference to the Fair Market Value of Stock. Phantom Stock Bonus Awards and
               Restricted Stock Awards are specific types of Stock Bonus Awards. </FONT></P></TD>
               </TR>
               </TABLE>
               <BR>

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          <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
               <TR VALIGN=TOP>
               <TD ALIGN=RIGHT WIDTH=3%></TD>
               <TD WIDTH=97%><P ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(dd)&nbsp;
               <I>&#147;Subsidiary&#148;</I> means any corporation in which the Company owns,
               directly or indirectly, at least fifty percent (50%) of the total combined
               voting power of all classes of stock, or any other entity (including, but not
               limited to, partnerships and joint ventures) in which the Company owns at least
               fifty percent (50%) of the combined equity thereof. </FONT></P></TD>
               </TR>
               </TABLE>
               <BR>

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          <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
               <TR VALIGN=TOP>
               <TD ALIGN=RIGHT WIDTH=3%></TD>
               <TD WIDTH=97%><P ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ee)&nbsp;
               <I>&#147;Year&#148;</I> or <I>&#147;Plan Year&#148;</I> means each consecutive
               twelve (12) month period beginning January 1 and ending December 31. </FONT></P></TD>
               </TR>
               </TABLE>
               <BR>

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<P ALIGN="JUSTIFY"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2
<I>Gender and Number.</I> Except where otherwise indicated by the context, any masculine
term used herein also shall include the feminine, the plural shall include the singular,
and the singular shall include the plural. </FONT></P>

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<P ALIGN="JUSTIFY"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3
<I>Severability.</I> In the event any provision of the Plan shall be held illegal or
invalid for any reason, the illegality or invalidity shall not affect the remaining parts
of the Plan, and the Plan shall be construed and enforced as if the illegal or invalid
provision had not been included. </FONT></P>

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<A NAME=A007></A>
<H1 ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>ARTICLE 3. <I>Administration</I> </FONT></H1>

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<P ALIGN="JUSTIFY"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1
<I>The Committee.</I> The Plan shall be administered by the Compensation Committee of the
Board, its lawful designee, or by any other Committee appointed by the Board consisting of
not less than two (2) Directors who are not Employees. The members of the Committee shall
be appointed from time to time by, and shall serve at the discretion of, the Board of
Directors. </FONT></P>

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<P ALIGN="JUSTIFY"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2
<I>Authority of the Committee.</I> The Committee, including its designee, shall have full
power, subject to the provisions herein, to select Employees to whom Awards are granted;
to determine the size, types, and frequency of Awards granted hereunder; to determine the
terms and conditions of such Awards in a manner consistent with the Plan; to construe and
interpret the Plan and any agreement or instrument entered into under the Plan; to
establish, amend, or waive rules and regulations for the Plan&#146;s administration; and
to amend the terms and conditions of any outstanding Award to the extent such terms and
conditions are within the discretion of the Committee as provided in the Plan. Further,
the Committee shall make all other determinations which may be necessary or advisable for
the administration of the Plan. To the extent permitted by law, and to the extent
allowable by SEC Rule 16b-3, the Committee may delegate its authorities as identified
hereunder. </FONT></P>

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<P ALIGN="JUSTIFY"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.3
<I>Decisions Binding.</I> All determinations and decisions made by the Committee pursuant
to the provisions of the Plan and all related orders or resolutions of the Board of
Directors shall be final, conclusive, and binding on all persons, including the Company,
its stockholders, Employees, Participants, and their estates and beneficiaries. </FONT></P>

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<A NAME=A008></A>
<H1 ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>ARTICLE 4. <I>Shares
Subject to the Plan </I></FONT></H1>

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<P ALIGN="JUSTIFY"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1
<I>Number of Shares.</I> Subject to adjustment as provided in Section 4.2 herein, the
total number of Shares available for grant under the Plan in each calendar year, during
any part of which the Plan is effective, shall be one percent (1%) of the total
outstanding Shares as of the first day of such calendar year; provided, however, that
Shares not granted in any calendar year may be carried forward and granted in any of the
three immediately subsequent calendar years (in addition to the new Shares made available
in those years). </FONT></P>

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<P ALIGN="JUSTIFY"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No
more than one-quarter percent (.25%) of the total outstanding Shares as of the first day
of any calendar year may be granted in that year in the form of Stock Bonuses (including
Restricted Stock but excluding Phantom Stock Bonuses). However, unused Shares carried
forward from previous years shall retain their character such that this one-quarter
percent (.25%) limitation shall increase in direct relationship to those unused Shares
reserved for Stock Bonuses in the prior three years. </FONT></P>

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<P ALIGN="JUSTIFY"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company may increase the Shares available for Awards in any calendar year through an
advance of up to twenty-five percent (25%) of the subsequent year&#146;s allocation
(determined by using twenty-five percent (25%) of the current year&#146;s allocation),
with such Shares retaining their character as to Stock Bonus grant availability. Any
Shares granted hereunder may consist, in whole, or in part, of authorized and unissued
Shares or Treasury Shares or Shares purchased in the open market or in private
transactions for purposes of the Plan. </FONT></P>

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<P ALIGN="JUSTIFY"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.2
<I>Adjustments in Authorized Shares.</I> In the event of any merger, reorganization,
consolidation, recapitalization, separation, liquidation, stock dividend, stock split,
Share combination, or other change in the corporate structure of the Company affecting the
Shares, a substitution or adjustment shall be made in the number and class of Shares which
may be delivered under the Plan, and in the number and class of and/or price of Shares
subject to outstanding Options and Stock Bonus awards (including any Restricted Stock
granted hereunder), as may be determined to be appropriate and equitable by the Committee,
in its sole discretion, to prevent dilution or enlargement of rights; and further provided
that the number of Shares subject to any Award shall always be a whole number. </FONT></P>

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<P ALIGN="JUSTIFY"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.3
<I>Charging of Shares. </I>Subject to the provisions of Section 7A.1(c), if any shares of
Common Stock subject to an Award shall not be issued or transferred to an Employee and
shall cease to be issuable or transferable to an Employee because of the termination,
expiration or cancellation, in whole or in part, of such Award or for any other reason, or
if any such shares shall, after issuance or transfer, be reacquired by the Company because
of an Employee&#146;s failure to comply with or satisfy the terms and conditions of an
Award, the shares not so issued or transferred, or the shares so reacquired by the
Company, as the case may be, shall no longer be charged against the limitations provided
for in section 4.1 above, may again be made subject to Awards, and shall be added to the
number of shares available for grant under the Plan in the calendar year in which the
shares cease to be issuable or transferable or are reacquired (as the case may be). </FONT></P>

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<A NAME=A009></A>
<H1 ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>ARTICLE 5. <I>Eligibility
and Participation </I></FONT></H1>

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<P ALIGN="JUSTIFY"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.1
<I>Eligibility.</I> All Employees other than officers or directors of the Company shall be
eligible to participate in this Plan. In no event shall Insiders be eligible to
participate in this Plan. </FONT></P>

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<P ALIGN="JUSTIFY"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2
<I>Actual Participation.</I> Subject to the provisions of the Plan, the Committee may,
from time to time, select from all eligible Employees, those to whom Awards shall be
granted and shall determine the nature and amount of each Award. Awards may be made on a
stand-alone basis or in conjunction with other Awards hereunder. </FONT></P>

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<A NAME=A010></A>
<H1 ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>ARTICLE 6. <I>Stock Options</I> </FONT></H1>

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<P ALIGN="JUSTIFY"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1
<I>Grant of Options.</I> Subject to the terms and provisions of the Plan, the Committee
may grant Options under this Plan to eligible Employees at any time and from time to time,
whether or not they are eligible to receive similar or dissimilar incentive compensation
under any other plan or arrangement of the Company. All such Options shall be NQSOs. </FONT></P>

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<P ALIGN="JUSTIFY"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.2
<I>Options to be in Writing.</I> Each Option grant shall be evidenced in a writing signed
by as officer duly authorized to do so, that shall specify or incorporate by reference the
Option Price, the duration of the Option, the number of Shares to which the Option
pertains, and such other provisions as are provided hereunder and any other terms and
conditions that may be imposed by the Committee. The Option instrument shall indicate that
the Option is not intended to be an incentive stock option within the meaning of Section
422 of the Code. </FONT></P>

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<P ALIGN="JUSTIFY"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3
<I>Option Price.</I> In no case shall the Option Price of any Option granted under this
Plan be less than one hundred percent (100%) of the Fair Market Value of a Share on the
date the Option is granted. </FONT></P>

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<P ALIGN="JUSTIFY"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.4
<I>Duration of Options.</I> Each Option shall expire at such time as determined at the
time of grant; provided, however, that no Option shall be exercisable later than the tenth
(10th) anniversary date of its grant. </FONT></P>

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<P ALIGN="JUSTIFY"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.5
<I>Exercise of Options.</I> Options granted under the Plan shall be exercisable at such
times and be subject to such restrictions, terms and conditions as the Committee shall in
each instance approve, which need not be the same for each grant or for each Participant.
However, except as provided in Article 8 herein, in no event may any Option granted under
this Plan become exercisable prior to six (6) months following the date of its grant. </FONT></P>

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<P ALIGN="JUSTIFY"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Options
shall be exercised by the delivery of a written notice of exercise to the Company, or by
giving the Company notice of such exercise by such other means as the Company may permit
in accordance with applicable law, setting forth the number of Shares with respect to
which the Option is to be exercised, accompanied by full payment. </FONT></P>

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<P ALIGN="JUSTIFY"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Option Price upon exercise of any Option shall be payable to the Company in full either:
(a) in cash or its equivalent; or (b) by tendering previously acquired Shares having a
Fair Market Value at the time of exercise equal to the total Option Price; or (c) by a
combination of (a) and (b). </FONT></P>

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<P ALIGN="JUSTIFY"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Option Price shall also be deemed fully paid if and when the Company receives
documentation that it determines satisfies the cashless exercise provisions of the Federal
Reserve Board&#146;s Regulation T, or when the Option Price is paid by any other means
which the Committee determines to be consistent with the Plan&#146;s purpose and
applicable law. </FONT></P>

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<P ALIGN="JUSTIFY"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As
soon as practicable after receipt of notification of exercise acceptable to the Company
and full payment (including tax withholding requirements, if any, as further provided in
Article 12 herein), the Company shall deliver to the Participant, in the
Participant&#146;s name, in the name of the Participant and another person as joint
tenants with rights of survivorship, or in nominee or street name on behalf of the
Participant (as the Participant may direct and the Committee may permit) Share
certificates in an appropriate amount based upon the number of Shares purchased under the
Option(s). </FONT></P>

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<P ALIGN="JUSTIFY"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.6
<I>Restrictions.</I> At the time of grant, restrictions may be imposed on any Shares
acquired pursuant to the exercise of an Option under the Plan, including, without
limitation, restrictions under applicable Federal securities laws, under the requirements
of any stock exchange or market upon which such Shares are then listed and/or traded, and
under any blue sky or state securities laws applicable to such Shares. </FONT></P>

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<A NAME=A011></A>
<P align="JUSTIFY"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.7
<I>Termination of Employment Due to Death, Disability, or Retirement.</I> </FONT></P>

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     <P ALIGN="JUSTIFY"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;
          <I>Termination by Death.</I> In the event the employment of a Participant is
          terminated by reason of death, any outstanding Options may thereafter be
          immediately exercised, to the extent then exercisable (or on such accelerated
          basis as the Committee shall determine at or after grant), by the legal
          representative of the estate or by the legatee of the optionee under the will of
          the optionee, for a period of three years and six months (or such shorter period
          as the Committee shall specify at or after grant) from the date of such death or
          until the expiration of the stated term of such Option, whichever period is
          shorter. </FONT></P>

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     <P ALIGN="JUSTIFY"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;
          <I>Termination by Disability.</I> If a Participant&#146;s employment with the
          Company and its Subsidiaries terminates by reason of Disability, any Stock
          Option held by such Participant may thereafter be exercised, to the extent it
          was exercisable at the time of termination due to Disability (or on such
          accelerated basis as the Committee shall determine at or after grant), but may
          not be exercised after three years and six months (or such shorter period as the
          Committee shall specify at or after grant) from the date of such termination of
          employment, or the expiration of the stated term of such Stock Option, whichever
          period is shorter; provided, however, that, if the optionee dies within such
          three-year-and-six-month period (or such shorter period as the Committee shall
          specify at or after grant), any unexercised Stock Option held by such optionee
          shall thereafter be exercisable to the extent to which it was exercisable at the
          time of death for a period of twelve months (or such shorter period as the
          Committee shall specify at or after grant) from the date of such death or for
          the stated term of such Stock Option, whichever period is shorter. </FONT></P>

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     <P ALIGN="JUSTIFY"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;
          <I>Termination by Retirement.</I> If a Participant&#146;s employment with the
          Company and its Subsidiaries is terminated by reason of Retirement, any Stock
          Option held by such optionee may thereafter be exercised to the extent it was
          exercisable at the time of such Retirement (or on such accelerated basis as the
          Committee shall determine at or after grant), but may not be exercised after
          five years (or such shorter period as the Committee shall specify at or after
          grant) from the date of such termination of employment or the expiration of the
          stated term of such Stock Option, whichever period is shorter; provided,
          however, that, if the optionee dies within such five year period (or such
          shorter period as the Committee may specify at or after grant), any unexercised
          Stock Option held by such optionee shall thereafter be exercisable, to the
          extent to which it was exercisable at the time of death, for the shorter of (i)
          and (ii) where (i) is a period of twelve months (or such shorter period as the
          Committee shall specify at or after grant) from the date of such death or, if
          longer, the remainder of such five year (or shorter) period from the date of
          such termination of employment, and (ii) is the expiration of the stated term of
          the Stock Option. </FONT></P>

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<P ALIGN="JUSTIFY"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.8
<I>Termination of Employment for Other Reasons.</I> Unless otherwise determined by the
Committee at or after grant, if a optionee&#146;s employment with the Company and its
Subsidiaries terminates voluntarily (other than by reason of Retirement or under
circumstances constituting Cause), the Stock Option shall thereupon terminate, except that
such Stock Option may be exercised to the extent it was exercisable at the time of
termination of employment for the lesser of one year (or such shorter period as the
Committee may specify at or after grant) from the date of employment termination or the
balance of such Stock Option&#146;s term. If an optionee&#146;s employment with the
Company and its Subsidiaries is involuntarily terminated without Cause, the Option shall
thereupon terminate, except that it may thereafter be exercised to the extent it was
exercisable at the time of termination of employment (or on such accelerated basis as the
Committee shall determine at or after grant) for the lesser of five years (or such shorter
period as the Committee may specify at or after grant) from the date of employment
termination or the balance of such Stock Option&#146;s term. </FONT></P>

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<P ALIGN="JUSTIFY"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
the employment of a Participant shall terminate for Cause, all outstanding Options held by
the Participant immediately shall be forfeited to the Company and no additional exercise
period shall be allowed, regardless of the vested status of the Options. </FONT></P>

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<P ALIGN="JUSTIFY"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.9
<I>Nontransferability of Options.</I> No Option granted under the Plan may be sold,
transferred, pledged, assigned, or otherwise alienated or hypothecated, other than by will
or by the laws of descent and distribution. Further, all Options granted to a Participant
under the Plan shall be exercisable during his or her lifetime only by such Participant.
Notwithstanding the foregoing and any other provision of the Plan to the contrary, if the
Committee so permits, Options may be transferred, following the death of a Participant, to
a beneficiary designated by the Participant in accordance with Article 10 below. </FONT></P>

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<A NAME=A012></A>
<H1 ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>ARTICLE 7. <I>Restricted
Stock </I></FONT></H1>

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<P ALIGN="JUSTIFY"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.1
<I>Grant of Restricted Stock.</I> Subject to the terms and provisions of the Plan,
Restricted Stock may be granted to eligible Employees at any time and from time to time,
whether or not they are eligible to receive similar or dissimilar incentive compensation
under any other plan or arrangement of the Company. The purchase price for Shares of
Restricted Stock shall be equal to their par value per Share. </FONT></P>

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<P ALIGN="JUSTIFY"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.2
<I>Restricted Stock Agreement.</I> Each Restricted Stock grant shall be evidenced by a
Restricted Stock Agreement that shall specify the Period of Restriction, or Periods, the
number of Restricted Stock Shares granted, and such other provisions as provided hereunder
or as the Committee may impose. </FONT></P>

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<P ALIGN="JUSTIFY"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.3
<I>Nontransferability of Restricted Stock.</I> Except as provided in this Article 7, the
Shares of Restricted Stock granted hereunder may not be sold, transferred, pledged,
assigned, or otherwise alienated or hypothecated until the end of the applicable Period of
Restriction as specified in the Restricted Stock Agreement and the satisfaction of any
conditions determined at the time of grant and specified in the Restricted Stock
Agreement. Further, except as provided in Article 8 herein, in no event may any Restricted
Stock granted under the Plan become vested in a Participant prior to six (6) months
following the date of its grant. All rights with respect to the Restricted Stock granted
to a Participant under the Plan shall be available during his or her lifetime only to such
Participant. </FONT></P>

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<P ALIGN="JUSTIFY"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.4
<I>Other Restrictions.</I> The Committee shall impose such other restrictions on any
Shares of Restricted Stock granted pursuant to the Plan as it may deem advisable
including, without limitation, a required purchase price imposed upon Participants,
restrictions based upon the achievement of specific performance goals (Company-wide,
divisional, and/or individual), and/or restrictions under applicable Federal or state
securities laws; and may legend the certificates representing Restricted Stock to give
appropriate notice of such restrictions. Further, the Committee at its discretion, may
require that the Shares evidencing such Restricted Stock grants be held in custody by the
Company until any or all restrictions thereon shall have lapsed. </FONT></P>

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<P ALIGN="JUSTIFY"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.5
<I>Certificate Legend.</I> In addition to any legends placed on certificates pursuant to
Section 7.4 herein, each certificate representing Shares of Restricted Stock granted
pursuant to the Plan shall bear the following legend: </FONT></P>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; &nbsp;</FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;The
sale or other transfer of the Shares of Stock represented by this certificate, whether
voluntary, involuntary, or by operation of law, is subject to certain restrictions on
transfer as set forth in the Owens Corning 1995 Stock Plan, and in the related Restricted
Stock Agreement. A copy of the Plan and such Restricted Stock Agreement may be obtained
from the Secretary of Owens Corning.&#148; </FONT>
</TD>
</TR>
</TABLE>
<BR>

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<P ALIGN="JUSTIFY"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.6
<I>Removal of Restrictions.</I> Except as otherwise provided in this Article 7, Shares of
Restricted Stock covered by each Restricted Stock grant made under the Plan shall become
freely transferable by the Participant after the last day of the Period of Restriction,
provided the applicable conditions to vesting of such Shares have been fulfilled. Once the
Shares are released from the restrictions, the Participant shall be entitled to have the
legend required by Section 7.5 removed from his or her Share certificate. </FONT></P>

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<P ALIGN="JUSTIFY"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.7
<I>Voting Rights.</I> During the Period of Restriction and prior to any forfeiture of the
Shares, Participants holding Shares of Restricted Stock granted hereunder may exercise
full voting rights with respect to those Shares. </FONT></P>

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<P ALIGN="JUSTIFY"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.8
<I>Dividends and Other Distributions.</I> During the Period of Restriction and prior to
any forfeiture of the Shares, Participants holding Shares of Restricted Stock granted
hereunder shall be entitled to receive all dividends and other distributions paid with
respect to those Shares while they are so held. If any such dividends or distributions are
paid in Shares, the Shares shall be subject to the same restrictions on transferability
and forfeitability as the Shares of Restricted Stock with respect to which they were paid. </FONT></P>

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<P ALIGN="JUSTIFY"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.9
<I>Termination of Employment.</I> The Committee may but need not provide at or after the
grant of Restricted Stock for the restrictions on all or any designated portion of the
Shares of Restricted Stock to lapse in the event of death, Disability, Retirement or other
designated termination of employment. </FONT></P>

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<A NAME=A013></A>
<H1 ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>ARTICLE 7A. <I>Stock Bonuses</I> </FONT></H1>

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<P ALIGN="JUSTIFY"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7A.1
Except as otherwise provided in section 15.3, Stock Bonus Awards shall be subject to the
following provisions: </FONT></P>

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          <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
               <TR VALIGN=TOP>
               <TD ALIGN=RIGHT WIDTH=3%></TD>
               <TD WIDTH=97%><P ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;
               An eligible Employee may be granted a Stock Bonus Award whether or not he is
               eligible to receive similar or dissimilar incentive compensation under any other
               plan or arrangement of the Company. </FONT></P></TD>
               </TR>
               </TABLE>
               <BR>

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          <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
               <TR VALIGN=TOP>
               <TD ALIGN=RIGHT WIDTH=3%></TD>
               <TD WIDTH=97%><P ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;
               Shares subject to a Stock Bonus Award (other than a Phantom Stock Bonus Award)
               may be issued or transferred to an Employee, and the cash value of the Shares on
               which a Phantom Stock Bonus Award is based may be paid to an Employee, at the
               time such Award is granted, or at any time subsequent thereto, or in
               installments from time to time, and subject to such terms and conditions, as the
               Committee shall determine. In the event that any such issuance, transfer or
               payment shall not be made to the Employee at the time such Award is granted, the
               Committee may but need not provide for payment to such Employee, either in cash
               or Shares, from time to time or at the time or times such Shares shall be issued
               or transferred or cash shall be paid to such Employee, of amounts not exceeding
               the dividends which would have been payable to such Employee in respect of such
               Shares (as adjusted under section 4.2) if such Shares had been issued or
               transferred to such Employee at the time such Award was granted. </FONT></P></TD>
               </TR>
               </TABLE>
               <BR>

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          <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
               <TR VALIGN=TOP>
               <TD ALIGN=RIGHT WIDTH=3%></TD>
               <TD WIDTH=97%><P ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;
               Any Stock Bonus Award may, in the discretion of the Committee, be settled in
               cash, on each date on which Shares would otherwise have been delivered or become
               unrestricted, in an amount equal to the Fair Market Value on such date of the
               Shares which would otherwise have been delivered or become unrestricted. A
               Phantom Stock Bonus Award shall be payable only in the form of cash. Subject to
               Section 4.3 above, the Shares subject to a Stock Bonus Award (including a
               Phantom Stock Bonus Award) shall be deducted from the number of Shares available
               for grant under the Plan, whether the Award is settled in the form of cash or
               Shares. </FONT></P></TD>
               </TR>
               </TABLE>
               <BR>

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          <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
               <TR VALIGN=TOP>
               <TD ALIGN=RIGHT WIDTH=3%></TD>
               <TD WIDTH=97%><P ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;
               Stock Bonus Awards shall be subject to such terms and conditions, including,
               without limitation, restrictions on the sale or other disposition of any Shares
               to be issued or transferred pursuant to such Award, and conditions calling for
               forfeiture of the Award or the Shares issued or transferred or cash paid
               pursuant thereto in designated circumstances, as the Committee shall determine;
               provided, however, that upon the issuance or transfer of Shares to an Employee
               pursuant to any such Award, the recipient shall, with respect to such Shares, be
               and become a shareholder of the Company fully entitled to receive dividends, to
               vote and to exercise all other rights of a stockholder except to the extent
               otherwise provided in the Award. All or any portion of a Stock Bonus Award may
               but need not be made in the form of a Restricted Stock Award or a Phantom Stock
               Bonus Award. </FONT></P></TD>
               </TR>
               </TABLE>
               <BR>

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          <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
               <TR VALIGN=TOP>
               <TD ALIGN=RIGHT WIDTH=3%></TD>
               <TD WIDTH=97%><P ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;
               Each Stock Bonus Award shall be evidenced in a writing, signed by a
               representative of the Company duly authorized to do so, which shall be
               consistent with and subject to this Plan. </FONT></P></TD>
               </TR>
               </TABLE>
               <BR>

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<A NAME=A014></A>
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>ARTICLE 8. <I>Change of
Control </I> </FONT></H1>

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<P ALIGN="JUSTIFY"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.1
<I>Acceleration and Cashout</I>. Subject to the provisions of Section 8.2 herein, upon the
occurrence of a Change of Control of the Company, or, if and to the extent so determined
by the Committee in writing at or after grant (subject to any right of approval expressly
reserved by the Committee at the time of such determination), in the event of a Potential
Change of Control of the Company, unless specifically prohibited by the terms of Article
15 herein: </FONT></P>

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          <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
               <TR VALIGN=TOP>
               <TD ALIGN=RIGHT WIDTH=3%></TD>
               <TD WIDTH=97%><P ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;
               Any Stock Options awarded under the Plan immediately shall become fully vested
               and exercisable; </FONT></P></TD>
               </TR>
               </TABLE>
               <BR>

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          <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
               <TR VALIGN=TOP>
               <TD ALIGN=RIGHT WIDTH=3%></TD>
               <TD WIDTH=97%><P ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;
               Any restrictions and other conditions pertaining to outstanding Stock Bonuses
               (including Phantom Stock Bonuses and Restricted Stock), including but not
               limited to vesting requirements, immediately shall lapse; and </FONT></P></TD>
               </TR>
               </TABLE>
               <BR>

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          <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
               <TR VALIGN=TOP>
               <TD ALIGN=RIGHT WIDTH=3%></TD>
               <TD WIDTH=97%><P ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;
               The value of all outstanding Stock Options and Stock Bonuses (including Phantom
               Stock Bonuses and Restricted Stock) shall, to the extent determined by the
               Committee at or after grant, be cashed out by the Company on the basis of the
               Change-of-Control Price as of the date the Change of Control occurs, or
               Potential Change of Control is determined to have occurred, or such other date
               as the Committee may determine prior to the occurrence of the Change of Control
               or Potential Change of Control. </FONT></P></TD>
               </TR>
               </TABLE>
               <BR>

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<P ALIGN="JUSTIFY"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.2
<I>Award Replacement</I>. Notwithstanding Section 8.1 herein, no acceleration of vesting
and exercisability, nor lapse of restrictions and other conditions, nor cashout shall
occur (pursuant to Sections 8.1(a), (b), and (c) herein) for outstanding Awards granted
hereunder if the Committee reasonably determines in good faith, prior to the Change of
Control or Potential Change of Control, that such Awards shall be honored or assumed, or
new rights substituted therefor (such honored, assumed, or substituted award hereinafter
called an &#147;Alternative Award&#148;) by a Participant&#146;s employer (or the parent
or a subsidiary of such employer) simultaneous with or immediately following the Change of
Control or Potential Change of Control, provided, however, that any such Alternative Award
must: </FONT></P>

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     <P ALIGN="JUSTIFY"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;
          In the event of Stock Options and Stock Bonuses: </FONT></P>

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          <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
               <TR VALIGN=TOP>
               <TD ALIGN=RIGHT WIDTH=6%></TD>
               <TD WIDTH=94%><P ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;
               Be based on stock which is traded on an established securities market, or which
               will be so traded within thirty (30) days of the Change of Control or Potential
               Change of Control; or </FONT></P></TD>
               </TR>
               </TABLE>
               <BR>

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          <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
               <TR VALIGN=TOP>
               <TD ALIGN=RIGHT WIDTH=6%></TD>
               <TD WIDTH=94%><P ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;
               Have a value based directly upon an objective standard of valuation (including,
               but not limited to, a publicly reported stock index) acceptable to the Committee
               under the circumstances and provide each Participant, subject to requirements as
               to vesting or lapse of restrictions, with an opportunity to put the Shares or
               other securities covered by the Award to his or her employer (or the parent,
               general partner, or a subsidiary of such employer) for purchase with payment to
               be made in cash within ten (10) business days of receipt of such employee&#146;s
               put; </FONT></P></TD>
               </TR>
               </TABLE>
               <BR>

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     <P ALIGN="JUSTIFY"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;
          For all Awards: </FONT></P>

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          <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
               <TR VALIGN=TOP>
               <TD ALIGN=RIGHT WIDTH=6%></TD>
               <TD WIDTH=94%><P ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;
               Provide such Participant (or each Participant in a class of Participants) with
               rights and entitlements substantially equivalent to or better than the rights,
               terms, and conditions applicable under such Awards, including, but not limited
               to, an identical or better vesting schedule and identical or better timing and
               methods of payment; </FONT></P></TD>
               </TR>
               </TABLE>
               <BR>

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          <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
               <TR VALIGN=TOP>
               <TD ALIGN=RIGHT WIDTH=6%></TD>
               <TD WIDTH=94%><P ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;
               Have substantially equivalent economic value to such Awards (determined at the
               time of the Change of Control or Potential Change of Control); </FONT></P></TD>
               </TR>
               </TABLE>
               <BR>

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          <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
               <TR VALIGN=TOP>
               <TD ALIGN=RIGHT WIDTH=6%></TD>
               <TD WIDTH=94%><P ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;
               Have terms and conditions which provide that in the event the Participant&#146;s
               employment is involuntarily terminated without Cause or constructively
               terminated: </FONT></P></TD>
               </TR>
               </TABLE>
               <BR>

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          <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
               <TR VALIGN=TOP>
               <TD ALIGN=RIGHT WIDTH=9%></TD>
               <TD WIDTH=91%><P ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)&nbsp;
               Any conditions on a Participant&#146;s rights under, or any restrictions on
               transfer or exercisability applicable to, each such Alternative Award shall be
               waived or shall lapse, as the case may be; and </FONT></P></TD>
               </TR>
               </TABLE>
               <BR>

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          <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
               <TR VALIGN=TOP>
               <TD ALIGN=RIGHT WIDTH=9%></TD>
               <TD WIDTH=91%><P ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B)&nbsp;
               Each Participant shall have the right to surrender such Alternative Awards
               within thirty (30) days following such termination in exchange for a payment in
               cash equal to the excess of the Fair Market Value of the stock subject to the
               Alternative Award over the price, if any, that a Participant would be required
               to pay to exercise such Alternative Award. </FONT></P></TD>
               </TR>
               </TABLE>
               <BR>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P ALIGN="JUSTIFY"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>For this purpose, a constructive
termination shall mean a termination by a Participant following a material reduction in
the Participant&#146;s compensation, a reduction in the Participant&#146;s
responsibilities, or the relocation of the Participant&#146;s principal place of
employment to another location, in each case without the Participant&#146;s advance
written consent. </FONT></P>

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<P ALIGN="JUSTIFY"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.3
<I>Excise Tax Reimbursement</I>. In the event that any accelerations, lapse of
restrictions, cashouts, Award replacements, and/or any other event under this Plan will
cause a Participant to be subject to the tax (the &#147;Excise Tax&#148;) imposed by
Section 4999 of the Code (or any similar tax that may hereafter be imposed), the Company
shall pay to the Participant at the time specified below an additional amount (the
&#147;Gross-up Payment&#148;) such that the net amount retained by the Participant, after
deduction of any Excise Tax on the Total Payments (as hereinafter defined) and any
Federal, state, and local income tax and Excise Tax upon the Gross-up Payment provided for
by this Section 8.3, but before deduction for any Federal, state, or local income tax on
the Total Payments, shall be equal to the Total Payments. </FONT></P>

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<P ALIGN="JUSTIFY"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;For
purposes of determining whether any Participant will be subject to the Excise Tax and the
amount of such Excise Tax: </FONT></P>

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          <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
               <TR VALIGN=TOP>
               <TD ALIGN=RIGHT WIDTH=3%></TD>
               <TD WIDTH=97%><P ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;
               Any other payments or benefits received or to be received by a Participant in
               connection with a Change of Control of the Company or a Participant&#146;s
               termination of employment (whether pursuant to the terms of this Plan or any
               other plan, arrangement, or agreement with the Company, any Person whose actions
               result in a Change of Control of the Company or any Person affiliated with the
               Company or such Person) (which together with the benefits and/or payments
               provided hereunder, shall constitute the &#147;Total Payments&#148;) shall be
               treated as &#147;parachute payments&#148; within the meaning of Section
               280G(b)(2) of the Code, and all &#147;excess parachute payments&#148; within the
               meaning of Section 280G(b)(1) of the Code shall be treated as subject to the
               Excise Tax unless, in the opinion of tax counsel selected by the Committee, such
               other payments or benefits (in whole or in part) do not constitute parachute
               payments, or such excess parachute payments (in whole or in part) represent
               reasonable compensation for services actually rendered within the meaning of
               Section 280G(b)(4) of the Code in excess of the base amount within the meaning
               of Section 280G(b)(3) of the Code or are otherwise not subject to the Excise
               Tax; </FONT></P></TD>
               </TR>
               </TABLE>
               <BR>

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          <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
               <TR VALIGN=TOP>
               <TD ALIGN=RIGHT WIDTH=3%></TD>
               <TD WIDTH=97%><P ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;
               The amount of the total Payments which shall be treated as subject to the Excise
               Tax shall be equal to the lesser of: (A) the total amount of the Total Payments;
               or (B) the amount of excess parachute payments within the meaning of Section
               280G(b)(1) of the Code (after applying clause (a) above); and </FONT></P></TD>
               </TR>
               </TABLE>
               <BR>

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          <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
               <TR VALIGN=TOP>
               <TD ALIGN=RIGHT WIDTH=3%></TD>
               <TD WIDTH=97%><P ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;
               The value of any noncash benefits or any deferred payment or benefit shall be
               determined by the Company&#146;s independent auditors in accordance with the
               principles of Section 280G(d)(3) of the Code. </FONT></P></TD>
               </TR>
               </TABLE>
               <BR>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P ALIGN="JUSTIFY"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>For purposes of determining the
amount of the Gross-Up Payment, a Participant shall be deemed to pay Federal income taxes
at the highest marginal rate of Federal income taxation for the calendar year in which the
Gross-Up Payment is to be made and the applicable state and local income taxes at the
highest marginal rate of taxation for the calendar year in which the Gross-Up Payment is
to be made, net of the maximum reduction in Federal income taxes which could be obtained
from deduction of such state and local taxes. In the event that the Excise Tax is
subsequently determined to be less than the amount taken into account hereunder at the
time the Gross-Up Payment is made, a Participant shall repay to the Company at the time
that the amount of such reduction in Excise Tax is finally determined the portion of the
Gross-Up Payment attributable to such reduction (plus the portion of the Gross-Up Payment
attributable to the Excise Tax and Federal, state and local income tax imposed on the
portion of the Gross-Up Payment being repaid by a Participant if such repayment results in
a reduction in Excise Tax and/or a Federal, state, and local income tax deduction), plus
interest on the amount of such repayment at the rate provided in Section 1274(b)(2)(B) of
the Code. In the event that the Excise Tax is determined to exceed the amount taken into
account hereunder at the time the Gross-Up Payment is made (including by reason of any
payment the existence or amount of which cannot be determined at the time of the Gross-Up
Payment), the Company shall make an additional Gross-Up Payment in respect of such excess
(plus any interest payable with respect to such excess) at the time that the amount of
such excess is finally determined. </FONT></P>

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<P ALIGN="JUSTIFY"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Gross-Up Payment or portion thereof provided for in this Section 8.3 shall be paid no
later than the thirtieth (30th) calendar day following payment of any amounts under this
section, provided, however, that if the amount of such Gross-Up Payment or portion thereof
cannot be finally determined on or before such day, the Company shall pay to a Participant
on such day an estimate, as determined in good faith by the Company, of the minimum amount
of such payments and shall pay the remainder of such payments (together with interest at
the rate provided in Section 1274(b)(2)(B) of the Code) as soon as the amount thereof can
be determined, but in no event later than the forty-fifth (45th) calendar day after
payment of any amounts under this Section 8.3. In the event that the amount of the
estimated payments exceeds the amount subsequently determined to have been due, such
excess shall constitute a loan by the Company to each Participant, payable on the fifth
(5th) calendar day after demand by the Company (together with interest at the rate
provided in Section 1274(b)(2)(B) of the Code). </FONT></P>

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<A NAME=A015></A>
<H1 ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>ARTICLE 9. <I>Amendment,
Modification and Termination </I></FONT></H1>

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<P ALIGN="JUSTIFY"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.1
<I>Amendment, Modification and Termination</I>. The Board may, at any time and from time
to time, terminate, amend or modify the Plan. The Committee may amend the terms of any
Award granted under the Plan, prospectively or retroactively, but no such amendment shall
impair the rights of any Participant without such Participant&#146;s consent. </FONT></P>

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<P ALIGN="JUSTIFY"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.2
<I>Awards Previously Granted</I>. No termination, amendment or modification of the Plan
shall in any manner adversely affect any Award previously granted under the Plan, without
the written consent of the Participant holding such Award </FONT></P>

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<A NAME=A016></A>
<H1 ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>ARTICLE 10. <I>Beneficiary
Designation </I></FONT></H1>

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<P ALIGN="JUSTIFY"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Committee may (but need not) permit a Participant, from time to time, to name a
beneficiary or beneficiaries (who may be named contingently or successively) to whom any
benefit under the Plan is to be paid in case of his or her death before he or she receives
any or all of such benefit. Each such designation shall revoke all prior designations by
the same Participant, shall be in a form prescribed by the Company, and will be effective
only when filed by the Participant in writing with the Human Resource Department of the
Company during the Participant&#146;s lifetime. In the absence of any such designation,
benefits remaining unpaid at the Participant&#146;s death shall be paid to the
Participant&#146;s estate. </FONT></P>



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<A NAME=A017></A>
<H1 ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>ARTICLE 11. <I>Rights of
Employees; Other Plans and Arrangements </I></FONT></H1>

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<P ALIGN="JUSTIFY"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.1
<I>Employment</I>. Nothing in the Plan shall interfere with or limit in any way the right
of the Company to terminate any Participant&#146;s employment at any time, nor confer upon
any Participant any right to continue in the employ of the Company. </FONT></P>

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<P ALIGN="JUSTIFY"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For
purposes of the Plan, transfer of employment of a Participant between the Company and any
one of its Subsidiaries or Affiliates (or between Subsidiaries and Affiliates) shall not
be deemed a termination of employment. </FONT></P>

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<P ALIGN="JUSTIFY"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.2
<I>Participation</I>. No Employee shall have the right to be selected to receive an Award
under this Plan, or, having been so selected, to be selected to receive a future Award. </FONT></P>

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<P ALIGN="JUSTIFY"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.3
<I>Transferability Restriction</I>. Any derivative security issued under this Plan (within
the meaning of SEC Rule 16b-3(a)(2)) is not transferable by the participant other than by
will or the laws of descent and distribution. Notwithstanding the foregoing and any other
provision of the Plan to the contrary, if the Committee so permits, an award under this
Plan may be transferred, following the death of a Participant, to a beneficiary designated
by the Participant in accordance with Article 10 above. </FONT></P>

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<P ALIGN="JUSTIFY"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.4
<I>Other Plans and Arrangements</I>. Nothing in this Plan is intended to be a substitute
for, or shall preclude or limit the establishment or continuation of, any other plan,
practice or arrangement for the payment of compensation or fringe benefits to directors,
officers, or employees generally, or to any class or group of such persons, which the
Company or any Subsidiary now has or may hereafter lawfully put into effect, including,
without limitation, any incentive compensation, retirement, pension, group insurance,
restricted stock, stock purchase, stock bonus, stock incentive or stock option plan. </FONT></P>

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<A NAME=A018></A>
<H1 ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>ARTICLE 12. <I>Withholding </I></FONT></H1>

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<P ALIGN="JUSTIFY"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.1
<I>Tax Withholding</I>. A Participant shall remit to the Company an amount sufficient to
satisfy any taxes the Company determines are required by law to be withheld with respect
to any grant, exercise, or payment made under or as a result of this Plan. </FONT></P>

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<P ALIGN="JUSTIFY"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.2
<I>Share Withholding</I>. With respect to withholding required upon the exercise of
Options, upon the lapse of restrictions on Restricted Stock, or upon any other taxable
event hereunder, the Committee may permit or require Participants, subject to such terms
and conditions as it may impose, to satisfy the withholding requirement, in whole or in
part, by having the Company withhold Shares having a Fair Market Value on the date the tax
is to be determined equal to the maximum marginal total tax which could be imposed on the
transaction or such greater or lesser amount as the Committee may permit. </FONT></P>

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<A NAME=A019></A>
<H1 ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>ARTICLE 13.
<I>Indemnification </I></FONT></H1>

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<P ALIGN="JUSTIFY"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No member
of the Board or the Committee, nor any officer or employee of the Company acting on behalf
of the Board or the Committee, shall be personally liable for any action, determination,
or interpretation taken or made in good faith with respect to the Plan, and all members of
the Board or the Committee and each and any officer or employee of the Company acting on
their behalf shall, to the extent permitted by law, be fully indemnified and protected by
the Company in respect of any such action, determination or interpretation. </FONT></P>


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<A NAME=A020></A>
<H1 ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>ARTICLE 14. <I>Successors </I></FONT></H1>

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<P ALIGN="JUSTIFY"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
obligations of the Company under the Plan, with respect to Awards granted hereunder, shall
be binding on any successor to the Company, whether the existence of such successor is the
result of a direct or indirect purchase, merger, consolidation, or otherwise, of all or
substantially all of the business and/or assets of the Company. </FONT></P>

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<A NAME=A021></A>
<H1 ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>ARTICLE 15. <I>Requirements
of Law </I></FONT></H1>

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<P ALIGN="JUSTIFY"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.1
<I>Requirements of Law</I>. The granting of Awards and the issuance of Shares under the
Plan shall be subject to all applicable laws, rules, and regulations, and to such
approvals by any governmental agencies or national securities exchanges, as the Company
may determine apply. </FONT></P>

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<P ALIGN="JUSTIFY"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.2
<I>Governing Law</I>. To the extent not preempted by Federal law, the Plan, and all
agreements hereunder, shall be construed in accordance with and governed by the laws of
the State of Delaware, without reference to the principles of conflicts of laws of that
State. </FONT></P>

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<P ALIGN="JUSTIFY"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.3
<I>Non-U.S. Laws.</I> In the event the laws of a foreign country, in which the Company, a
Subsidiary or Affiliate has Employees, prescribe certain requirements for stock incentives
to qualify for advantageous treatment under the tax or other laws or regulations of that
country, the proper officers of the Company, may restate, in whole or in part, this Plan
and may include in such restatement additional provisions for the purpose of qualifying
the restated plan and stock incentives granted thereunder under such laws and regulations;
provided, however, that (a) the terms and conditions of any stock-based incentive granted
under such restated plan may not be more favorable to the recipient than would be
permitted if such stock-based incentive had been granted under the Plan as herein set
forth, (b) all Shares allocated to or utilized for the purposes of such restated plan
shall be subject to the limitations of Article 4, and (c) the provisions of the restated
plan may give the Board less but not more discretion to amend or terminate such restated
plan than is provided with respect to this Plan by the provisions of Article 9 hereof </FONT></P>
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