<SEC-DOCUMENT>0000950123-11-056118.txt : 20110602
<SEC-HEADER>0000950123-11-056118.hdr.sgml : 20110602
<ACCEPTANCE-DATETIME>20110602171122
ACCESSION NUMBER:		0000950123-11-056118
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20110602
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20110602
DATE AS OF CHANGE:		20110602

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FIRST INDUSTRIAL REALTY TRUST INC
		CENTRAL INDEX KEY:			0000921825
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				363935116
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13102
		FILM NUMBER:		11889290

	BUSINESS ADDRESS:	
		STREET 1:		311 S WACKER DRIVE
		STREET 2:		SUITE 3900
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606
		BUSINESS PHONE:		3123444300

	MAIL ADDRESS:	
		STREET 1:		311 S WACKER DRIVE
		STREET 2:		SUITE 3900
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>c64955e8vk.htm
<DESCRIPTION>FORM 8-K
<TEXT>
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<TITLE>e8vk</TITLE>
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<H5 align="left" style="page-break-before:always"><A HREF="#C64955toc">Table of Contents</A></H5><P>
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<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B><DIV align="center"><DIV style="FONT-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></B>
</DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM 8-K</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>Current Report<BR>
Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934</B>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><!-- xbrl,dc --><B>June&nbsp;2, 2011 (June&nbsp;2, 2011)<BR>
Date of Report (Date of earliest event reported)</B><!-- /xbrl,dc --></DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>FIRST INDUSTRIAL REALTY TRUST, INC.</B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Exact name of registrant as specified in its charter)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
</TR>
<TR></TR>
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<TR valign="bottom">
    <TD align="center" valign="top"><B>Maryland</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>1-13102</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>36-3935116</B></TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(State or other jurisdiction of
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Commission File Number)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(I.R.S. Employer</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">incorporation or organization)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Identification No.)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>311 S. Wacker Drive, Suite&nbsp;3900<BR>
Chicago, Illinois 60606</B><BR>
(Address of principal executive offices, zip code)</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>(312)&nbsp;344-4300</B><BR>
(Registrant&#146;s telephone number, including area code)<BR>
<BR>
Not Applicable<BR>
(Former name or former address, if changed since last report)</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 6pt">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions (see General Instruction
A.2. below):
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><FONT style="font-family: Wingdings">&#111;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Written communications pursuant to Rule&nbsp;425 under the Securities Act
(17 CFR 230.425)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><FONT style="font-family: Wingdings">&#111;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17
CFR 240.14a-12)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><FONT style="font-family: Wingdings">&#111;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><FONT style="font-family: Wingdings">&#111;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))</TD>
</TR>

</TABLE>
</DIV>

<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>





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<DIV style="font-family: Helvetica,Arial,sans-serif">










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<A name="C64955toc"><DIV align="CENTER" style="page-break-before:always"><U><B>TABLE OF CONTENTS</B></U></DIV></A>

<P><CENTER>
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</TR>
<TR><TD colspan="9"><A HREF="#C64955000">Item&nbsp;9.01 Financial Statements and Exhibits</A></TD></TR>
<TR><TD colspan="9"><A HREF="#C64955001">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="c64955exv3w1.htm">EX-3.1</A></TD></TR>
<TR><TD colspan="9"><A HREF="c64955exv10w1.htm">EX-10.1</A></TD></TR>
</TABLE>
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<!-- link1 "Item&nbsp;9.01 Financial Statements and Exhibits" -->
<DIV align="left"><A NAME="C64955000"></A></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;9.01 Financial Statements and Exhibits.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;Exhibits.&nbsp;&nbsp;The following exhibits are filed herewith:
</DIV>
<DIV align="center">
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    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="90%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Exhibit No.</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Description</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">3.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Articles of Amendment of First Industrial Realty Trust, Inc.,
dated May&nbsp;12, 2011</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">First Industrial Realty Trust, Inc. 2011 Stock Incentive Plan</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Amendment No.&nbsp;1 to 2011 Stock Incentive Plan, dated April&nbsp;28,
2011 (incorporated by reference to Exhibit&nbsp;10.1 of the Form
8-K of the Company filed on April&nbsp;28, 2011, File No.&nbsp;1-13102)</TD>
</TR>
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</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: Helvetica,Arial,sans-serif">
<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="C64955001"></A></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">SIGNATURES
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
</DIV>

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    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">FIRST INDUSTRIAL REALTY TRUST, INC.<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Scott A. Musil
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Scott A. Musil&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Chief Financial Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Date: June&nbsp;2, 2011
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>




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<DOCUMENT>
<TYPE>EX-3.1
<SEQUENCE>2
<FILENAME>c64955exv3w1.htm
<DESCRIPTION>EX-3.1
<TEXT>
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<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">ARTICLES&#160;OF
    AMENDMENT<BR>
    OF<BR>
    FIRST INDUSTRIAL REALTY TRUST, INC.</FONT></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="right" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">EXHIBIT&#160;3.1</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    First Industrial Realty Trust, Inc., a Maryland corporation,
    having its principal office in Baltimore, Maryland (the
    &#147;Corporation&#148;), hereby certifies to the State
    Department of Assessments and Taxation that:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    FIRST: The Charter of the Corporation as currently in effect is
    hereby amended by deleting Section&#160;7.1 of ARTICLE&#160;VII
    of the Charter in its entirety and inserting the following in
    lieu thereof:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    &#147;7.1&#160;&#160;<U>Authorized Capital Stock</U>. The total
    number of shares of stock which the Corporation has authority to
    issue (the &#147;Stock&#148;) is two hundred twenty-five million
    (225,000,000) shares, consisting of (i)&#160;ten million
    (10,000,000) shares of preferred stock, par value $.01 per share
    (&#147;Preferred Stock&#148;); (ii)&#160;one hundred fifty
    million (150,000,000) shares of common stock, par value $.01 per
    share (&#147;Common Stock&#148;); and (iii)&#160;sixty-five
    million (65,000,000) shares of excess stock, par value $.01 per
    share (&#147;Excess Stock&#148;). The aggregate par value of all
    the shares of all classes of Stock is $2,250,000.&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    SECOND: The Board of Directors of the Corporation, by unanimous
    vote at a duly called meeting, duly adopted resolutions setting
    forth the proposed amendment to the Charter, declaring said
    amendment to be advisable and directing that said amendment be
    submitted for consideration by the stockholders.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    THIRD: Notice setting forth the said amendment of the Charter
    and stating that a purpose of the meeting of the stockholders
    would be to take action thereon was given as required by law to
    all stockholders of the Corporation entitled to vote thereon.
    The stockholders of the Corporation, by vote at a duly called
    annual meeting, approved said amendment.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    FOURTH: Immediately before this amendment, the total number of
    shares of stock of all classes which the Corporation has
    authority to issue, the number of shares of stock of each class
    and the par value of the shares of each class were as follows:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (a)&#160;The total number of shares of all classes which the
    Corporation has authority to issue is one hundred seventy-five
    million (175,000,000) shares, consisting of ten million
    (10,000,000) shares of preferred stock, par value $.01 per
    share, one hundred million (100,000,000) shares of common stock,
    par value $.01 per share and sixty-five million (65,000,000)
    shares of excess stock, par value $.01 per share.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    FIFTH: As amended, the total number of shares of stock of all
    classes which the Corporation has authority to issue, the number
    of shares of stock of each class and the par value of the shares
    of each class are as follows:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (a)&#160;The total number of shares of all classes which the
    Corporation has authority to issue is two hundred twenty-five
    million (225,000,000) shares, consisting of ten million
    (10,000,000) shares of preferred stock, par value $.01 per
    share, one hundred fifty million (150,000,000) shares of common
    stock, par value $.01 per share and sixty-five million
    (65,000,000) shares of excess stock, par value $.01 per share.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    SIXTH: Immediately before this amendment, the aggregate par
    value of all shares of all classes of stock of the Corporation
    was $1,750,000. As amended, the aggregate par value of all
    shares of all classes of stock of the Corporation is $2,250,000.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    SEVENTH: The information required by
    <FONT style="white-space: nowrap">Section&#160;2-607(b)(2)(i)</FONT>
    of the Maryland General Corporation Law was not changed by this
    amendment.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    [<I>Signature page follows</I>]
</DIV>
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    <BR>
    1
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    IN WITNESS WHEREOF, the Corporation has caused these Articles of
    Amendment to be signed in its name and on its behalf by its
    President and its corporate seal to be hereunder affixed and
    attested to by its Secretary on this
    12<SUP style="font-size: 85%; vertical-align: top">th</SUP>&#160;day

    of May, 2011, and its said President acknowledges under the
    penalties of perjury that these Articles of Amendment are the
    corporate act of said Corporation and that, to the best of his
    knowledge, information and belief, the matters and facts set
    forth herein are true in all material respects.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    First Industrial Realty Trust, Inc.
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;Bruce
    W. Duncan</DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Name:&#160;&#160;&#160;&#160;&#160;Bruce W. Duncan
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="8%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    Title:&#160;
</TD>
    <TD align="left">
    President and Chief Executive Officer
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 49%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Attest:
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 49%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;John
    H. Clayton</DIV>
</DIV>

<DIV style="font-size: 2pt; margin-right: 49%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 49%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Name:&#160;&#160;&#160;&#160;&#160;John H. Clayton
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="7%"></TD>
    <TD width="44%"></TD>
    <TD width="49%"></TD>
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<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>    Title:&#160;
</TD>
    <TD align="left">
    Secretary
</TD>
    <TD>&nbsp;</TD>
</TR>

</TABLE>
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<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>3
<FILENAME>c64955exv10w1.htm
<DESCRIPTION>EX-10.1
<TEXT>
<HTML>
<HEAD>
<TITLE>exv10w1</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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    <B><FONT style="font-family: 'Times New Roman', Times">EXHIBIT&#160;10.1</FONT></B>
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">FIRST
    INDUSTRIAL REALTY TRUST, INC.<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">2011
    STOCK INCENTIVE PLAN</FONT></B>
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>
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    <BR>
    1
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

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<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><U><FONT style="font-family: 'Times New Roman', Times">TABLE
    OF CONTENTS</FONT></U></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="5%">&nbsp;</TD>	<!-- colindex=01 type=quadleft -->
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    <TD width="82%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
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</TR>
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<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Page</B>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Section 1
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    General Purpose of the Plan; Definitions
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Section 2
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Administration of Plan; Committee Authority to Select
    Participants and Determine Awards
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Section 3
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Shares&#160;Issuable under the Plan; Mergers; Substitution
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Section 4
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Awards
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Section 5
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Eligibility
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Section 6
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Stock Options
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Section 7
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Restricted Stock Awards and Restricted Stock Unit Awards
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    10
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Section 8
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Performance Share Awards
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Section 9
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Stock Appreciation Rights
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    12
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Section 10
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Dividend Equivalents
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    13
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Section 11
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Performance Awards
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    13
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Section 12
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Tax Withholding
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    14
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Section 13
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Amendments and Termination
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    14
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Section 14
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Status of Plan
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    15
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Section 15
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Change of Control Provisions
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    15
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Section 16
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    General Provisions
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    16
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Section 17
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Clawback Policy
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    16
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Section 18
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Effective Date of Plan
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    17
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Section 19
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Governing Law
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    17
</TD>
<TD>&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">

</DIV>
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    <BR>
    2
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">FIRST
    INDUSTRIAL REALTY TRUST, INC.<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">2011
    STOCK INCENTIVE PLAN</FONT></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">Section&#160;1&#160;&#160;&#160;&#160;&#160;<U>General
    Purpose of the Plan; Definitions</U>.</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    The name of the plan is the First Industrial Realty Trust, Inc.
    2011 Stock Incentive Plan (the &#147;<B>Plan</B>&#148;). The
    purpose of the Plan is to encourage and enable the officers,
    employees and Directors of, and service providers to, First
    Industrial Realty Trust, Inc. (the &#147;<B>Company</B>&#148;)
    and its Affiliates and Subsidiaries upon whose judgment,
    initiative and efforts the Company largely depends for the
    successful conduct of its business to acquire a proprietary
    interest in the Company. It is anticipated that providing such
    persons with a direct stake in the Company&#146;s welfare will
    assure a closer identification of their interests with those of
    the Company, thereby stimulating their efforts on the
    Company&#146;s behalf and strengthening their desire to remain
    with the Company.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    The following terms shall be defined as set forth below:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 8%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    &#147;<B>Act</B>&#148; means the Securities Exchange Act of
    1934, as amended, and any successor act, and related rules,
    regulations and interpretations.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 8%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    &#147;<B>Affiliate</B>&#148; means any entity other than the
    Company and its Subsidiaries that is designated by the Board or
    the Committee as a participating employer under the Plan,
    provided that the Company directly or indirectly owns at least
    20% of the combined voting power of all classes of stock of such
    entity or at least 20% of the ownership interests in such entity.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 8%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    &#147;<B>Award</B>&#148; or &#147;<B>Awards</B>,&#148; except
    where referring to a particular category of grant under the
    Plan, shall include Incentive Stock Options, Non-Qualified Stock
    Options, Stock Appreciation Rights, Restricted Stock Awards,
    Restricted Stock Unit Awards, Performance Share Awards, Dividend
    Equivalents and Performance Awards.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 8%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    &#147;<B>Board</B>&#148; means the Board of Directors of the
    Company.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 8%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    &#147;<B>Cause</B>&#148; means the participant&#146;s dismissal
    as a result of (i)&#160;any material breach by the participant
    of any agreement to which the participant and the Company or an
    Affiliate or Subsidiary are parties, (ii)&#160;any act (other
    than retirement) or omission to act by the participant,
    including without limitation, the commission of any crime (other
    than ordinary traffic violations), that may have a material and
    adverse effect on the business of the Company or any Affiliate
    or Subsidiary or on the participant&#146;s ability to perform
    services for the Company or any Affiliate or Subsidiary, or
    (iii)&#160;any material misconduct or neglect of duties by the
    participant in connection with the business or affairs of the
    Company or any Affiliate or Subsidiary.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 8%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    &#147;<B>Change of Control</B>&#148; is defined in
    <B>Section&#160;15 below.</B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 8%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    &#147;<B>Code</B>&#148; means the Internal Revenue Code of 1986,
    as amended, and any successor code, and related rules,
    regulations and interpretations.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 8%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    &#147;<B>Committee</B>&#148; means any Committee of the Board
    referred to in <B>Section&#160;2 </B>below.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 8%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    &#147;<B>Company</B>&#148; means First Industrial Realty Trust,
    Inc.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 8%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    &#147;<B>Deferred Compensation</B>&#148; means a &#147;deferral
    of compensation&#148; as defined in Section&#160;409A of the
    Code.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 8%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    &#147;<B>Director</B>&#148; means a member of the Board.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 8%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    &#147;<B>Disability</B>&#148; means &#147;disability&#148; as
    defined in Section&#160;22(e)(3) of the Code.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 8%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    &#147;<B>Dividend Equivalent</B>&#148; means a right, granted
    under <B>Section&#160;10 </B>below, to receive cash, Stock, or
    other property equal in value to dividends paid with respect to
    a specified number of shares of Stock or the excess of dividends
    paid over a specified rate of return. Dividend Equivalents may
    be awarded on a free-standing basis or in connection with
    another Award, and may be paid currently or on a deferred basis.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 8%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    &#147;<B>Effective Date</B>&#148; means the date on which the
    Plan is approved by the stockholders of the Company as set forth
    in <B>Section&#160;18 </B>below.
</DIV>
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    <BR>
    3
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 8%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    &#147;<B>ERISA</B>&#148; means the Employee Retirement Income
    Security Act of 1974, as amended, and any successor act, and
    related rules, regulations and interpretations.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 8%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    &#147;<B>Fair Market Value</B>&#148; on any given date means the
    last reported sale price at which Stock is traded on such date
    or, if no Stock is traded on such date, the most recent date on
    which Stock was traded, as reflected on the New York Stock
    Exchange or, if applicable, any other national stock exchange
    that is the principal trading market for the Stock.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 8%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    &#147;<B>Incentive Stock Option</B>&#148; means any Stock Option
    designated and qualified as an &#147;incentive stock
    option&#148; as defined in Section&#160;422 of the Code.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 8%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    &#147;<B>Non-Qualified Stock Option</B>&#148; means any Stock
    Option that is not an Incentive Stock Option.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 8%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    &#147;<B>Option</B>&#148; or &#147;<B>Stock Option</B>&#148;
    means any option to purchase shares of Stock granted pursuant to
    <B>Section&#160;6 </B>below.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 8%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    &#147;<B>Parent</B>&#148; means a &#147;parent corporation&#148;
    as defined in Section&#160;424(e) of the Code.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 8%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    &#147;<B>Performance Award</B>&#148; means an Award granted
    pursuant to <B>Section&#160;11 </B>below.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 8%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    &#147;<B>Performance Share Award</B>&#148; means an Award
    granted pursuant to <B>Section&#160;8 </B>below.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 8%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    &#147;<B>Plan</B>&#148; means the First Industrial Realty Trust,
    Inc. 2011 Stock Incentive Plan.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 8%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    &#147;<B>Prior Plan(s)</B>&#148; means the First Industrial
    Realty Trust, Inc. 2009 Stock Incentive Plan, the First
    Industrial Realty Trust, Inc. 2001 Stock Incentive Plan and the
    First Industrial Realty Trust, Inc. 1997 Stock Incentive Plan.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 8%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    &#147;<B>Restricted Stock</B>&#148; is defined in
    <B>Section&#160;7(a)(i) </B>below.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 8%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    &#147;<B>Restricted Stock Award</B>&#148; means an Award granted
    pursuant to <B>Section&#160;7(a)(i) </B>below.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 8%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    &#147;<B>Restricted Stock Units</B>&#148; is defined in
    <B>Section&#160;7(a)(ii) </B>below.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 8%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    &#147;<B>Restricted Stock Unit Award</B>&#148; means an Award
    granted pursuant to <B>Section&#160;7(a)(ii) </B>below.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 8%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    &#147;<B>Service Provider</B>&#148; means an officer, employee
    or Director of, or other service provider to, the Company or an
    Affiliate or Subsidiary.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 8%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    &#147;<B>Stock</B>&#148; means the common stock, $.01&#160;par
    value per share, of the Company, subject to adjustment pursuant
    to <B>Section&#160;3 </B>below.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 8%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    &#147;<B>Stock Appreciation Right</B>&#148; or
    &#147;<B>SAR</B>&#148; means an Award granted pursuant to
    <B>Section&#160;9 </B>below.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 8%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    &#147;<B>Subsidiary</B>&#148; means any corporation (other than
    the Company) in an unbroken chain of corporations, beginning
    with the Company if each of the corporations (other than the
    last corporation in the unbroken chain) owns stock possessing
    50% or more of the total combined voting power of all classes of
    stock in one of the other corporations in the chain.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 8%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    &#147;<B>Termination of Service</B>&#148; means the first day
    occurring on or after a grant date on which the participant
    ceases to be a Service Provider, regardless of the reason for
    such cessation, subject to the following:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 8%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (i)&#160;&#160;The participant&#146;s cessation as Service
    Provider shall not be deemed to occur by reason of the transfer
    of the participant between the Company and an Affiliate or
    Subsidiary or between an Affiliate and a Subsidiary.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 8%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (ii)&#160;&#160;The participant&#146;s cessation as a Service
    Provider shall not be deemed to occur by reason of the
    participant&#146;s approved leave of absence for military
    service or sickness, or for any other purpose approved by the
    Company, if the Service Provider&#146;s right to re-employment
    is guaranteed either by a statute or by contract or under the
    policy pursuant to which the leave of absence was granted or if
    the Committee otherwise so provides in writing.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 8%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (iii)&#160;&#160;A service provider other than an officer,
    employee or Director whose services to the Company or an
    Affiliate or a Subsidiary are governed by a written agreement
    with such service provider will cease to be a service provider
    at the time the term of such written agreement ends (without
    renewal); and a service provider other than an
</DIV>
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    4
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    officer, employee or Director whose services to the Company or
    an Affiliate or a Subsidiary are not governed by a written
    agreement with such service provider will cease to be a service
    provider upon the earlier of (A)&#160;written notice from the
    Company, an Affiliate or a Subsidiary or (B)&#160;the date that
    is 90&#160;days after the date the service provider last
    provides services requested by the Company or an Affiliate or a
    Subsidiary (as determined by the Committee).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 8%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (iv)&#160;&#160;Unless otherwise provided by the Committee, an
    employee who ceases to be an employee, but become or remains a
    Director, or a Director who ceases to be a Director, but becomes
    or remains an employee, shall not be deemed to have incurred a
    Termination of Service.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 8%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (v)&#160;&#160;Notwithstanding the foregoing, in the event that
    any Award constitutes Deferred Compensation, the term
    Termination of Service shall be interpreted by the Committee in
    a manner not to be inconsistent with the definition of
    &#147;separation from service&#148; as defined under
    Section&#160;409A of the Code.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 8%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    &#147;<B>10% Shareholder</B>&#148; is defined in
    <B>Section&#160;6(i) </B>below.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

<TR>
    <TD width="12%"></TD>
    <TD width="88%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Section&#160;2&#160;&#160;&#160;&#160;&#160;</FONT></B>
</TD>
    <TD>
    <B><U><FONT style="font-family: 'Times New Roman', Times">Administration
    of Plan; Committee Authority to Select Participants and
    Determine Awards.</FONT></U></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (a)&#160;&#160;<U>Committee</U>. The Plan shall be administered
    by a committee of not less than two Directors, as appointed by
    the Board from time to time (the &#147;<B>Committee</B>&#148;).
    Unless otherwise determined by the Board, each member of the
    Committee shall qualify as a &#147;non-employee director&#148;
    under
    <FONT style="white-space: nowrap">Rule&#160;16b-3</FONT>
    of the Act and an &#147;outside director&#148; under
    Section&#160;162(m) of the Code. Subject to applicable stock
    exchange rules, if the Committee does not exist, or for any
    other reason determined by the Board, the Board may take any
    action under the Plan that would otherwise be the responsibility
    of the Committee.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (b)&#160;&#160;<U>Powers of Committee</U>. The Committee shall
    have the power and authority to grant Awards consistent with the
    terms of the Plan, including the power and authority:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (i)&#160;&#160;to select the Service Providers to whom Awards
    may from time to time be granted;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (ii)&#160;&#160;to determine the time or times of grant, and the
    extent, if any, of Incentive Stock Options, Non-Qualified Stock
    Options, Stock Appreciation Rights, Restricted Stock, Restricted
    Stock Units, Performance Shares and Dividend Equivalents, or any
    combination of the foregoing, granted to any Service Provider;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (iii)&#160;&#160;to determine the number of shares to be covered
    by any Award granted to a Service Provider;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (iv)&#160;&#160;to determine the terms and conditions, including
    restrictions, not inconsistent with the terms of the Plan, of
    any Award granted to a Service Provider, which terms and
    conditions may differ among individual Awards and participants,
    and to approve the form of written instruments evidencing the
    Awards;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (v)&#160;&#160;to accelerate the exercisability or vesting of
    all or any portion of any Award granted to a participant;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (vi)&#160;&#160;subject to the provisions of
    <B>Section&#160;6(ii) </B>below, to extend the period in which
    Stock Options granted may be exercised;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (vii)&#160;&#160;to determine whether, to what extent and under
    what circumstances Stock and other amounts payable with respect
    to an Award granted to a participant shall be deferred either
    automatically or at the election of the participant and whether
    and to what extent the Company shall pay or credit amounts equal
    to interest (at rates determined by the Committee) or dividends
    or deemed dividends on such deferrals;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (viii)&#160;&#160;to adopt, alter and repeal such rules,
    guidelines and practices for administration of the Plan and for
    its own acts and proceedings as it shall deem advisable; to
    interpret the terms and provisions of the Plan and any Award
    (including related written instruments) granted to a
    participant; and to decide all disputes arising in connection
    with and make all determinations it deems advisable for the
    administration of the Plan;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (ix)&#160;&#160;to grant Awards, in its sole discretion, to
    Service Providers who are residing in jurisdictions outside of
    the United States. For purposes of the foregoing, the Committee
    may, in its sole discretion, vary the terms of the Plan in order
    to conform any Awards to the legal and tax requirements of each
    <FONT style="white-space: nowrap">non-U.S.&#160;jurisdiction</FONT>
    where such individual resides or any such
    <FONT style="white-space: nowrap">non-U.S.&#160;jurisdiction</FONT>
    that would apply its laws to such Award. The
</DIV>
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    <BR>
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Committee may, in its sole discretion, establish one or more
    <FONT style="white-space: nowrap">sub-plans</FONT> of
    the Plan
    <FONT style="white-space: nowrap">and/or</FONT> may
    establish administrative rules and procedures to facilitate the
    operation of the Plan in such
    <FONT style="white-space: nowrap">non-U.S.&#160;jurisdictions.</FONT>
    For purposes of clarity, any terms contained herein that are
    subject to variation in a
    <FONT style="white-space: nowrap">non-U.S.&#160;jurisdiction</FONT>
    and any administrative rules and procedures established for a
    <FONT style="white-space: nowrap">non-U.S.&#160;jurisdiction</FONT>
    shall be reflected in a written addendum to the Plan. To the
    extent permitted under applicable law, the Committee may
    delegate its authority and responsibilities under this
    <B>Section&#160;2(b)(ix) </B>to any one or more officers of the
    Company, an Affiliate or a Subsidiary.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    All decisions and interpretations of the Committee shall be
    final and binding on all persons, including the Company and Plan
    participants and other beneficiaries under the Plan.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (c)&#160;&#160;<U>Delegation by Committee</U>. Except to the
    extent prohibited by applicable law, the applicable rules of a
    stock exchange or the Plan, or as necessary to comply with the
    exemptive provisions of
    <FONT style="white-space: nowrap">Rule&#160;16b-3</FONT>
    of the Act, the Committee may allocate all or any portion of its
    responsibilities and powers to any one or more of its members
    and may delegate all or any part of its responsibilities and
    powers to any person or persons selected by it, including:
    (i)&#160;delegating to a committee of one or more members of the
    Board who are not &#147;outside directors&#148; within the
    meaning of Section&#160;162(m) of the Code, the authority to
    grant Awards to eligible persons who are either: (A)&#160;not
    then &#147;covered employees,&#148; within the meaning of
    Section&#160;162(m) of the Code and are not expected to be
    &#147;covered employees&#148; at the time of recognition of
    income resulting from such Award; or (B)&#160;not persons with
    respect to whom the Company wishes to comply with
    Section&#160;162(m) of the Code;
    <FONT style="white-space: nowrap">and/or</FONT>
    (ii)&#160;delegating to a committee of one or more members of
    the Board who are not &#147;non-employee directors,&#148; within
    the meaning of
    <FONT style="white-space: nowrap">Rule&#160;16b-3</FONT>
    of the Act, the authority to grant Awards to eligible persons
    who are not then subject to Section&#160;16 of the Act. The acts
    of such delegates shall be treated hereunder as acts of the
    Committee and such delegates shall report regularly to the
    Committee regarding the delegated duties and responsibilities
    and any Awards so granted. Any such allocation or delegation may
    be revoked by the Committee at any time.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (d)&#160;&#160;<U>Information to be Furnished to Committee</U>.
    As may be permitted by applicable law, the Company and any
    Affiliate or Subsidiary shall furnish the Committee with such
    data and information as it determines may be required for it to
    discharge its duties. The records of the Company and any
    Affiliate or Subsidiary as to a Service Provider&#146;s
    employment or service, Termination of Service, leave of absence,
    reemployment and compensation shall be conclusive on all persons
    unless determined by the Committee to be manifestly incorrect.
    Subject to applicable law, participants and other persons
    entitled to benefits under the Plan must furnish the Committee
    such evidence, data or information as the Committee considers
    desirable to carry out the terms of the Plan.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (e)&#160;&#160;<U>Expenses and Liabilities</U>. All expenses and
    liabilities incurred by the Committee in the administration and
    interpretation of the Plan or any Award agreement shall be borne
    by the Company. The Committee may employ attorneys, consultants,
    accountants or other persons in connection with the
    administration and interpretation of the Plan. The Company, and
    its officers and Directors, shall be entitled to rely upon the
    advice, opinions or valuations of any such persons.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (f)&#160;&#160;<U>Indemnification</U>. To the fullest extent
    permitted by law, each person who is or shall have been a member
    of the Committee, or of the Board, or an officer of the Company
    to whom authority was delegated in accordance with the Plan, or
    an employee of the Company shall be indemnified and held
    harmless by the Company against and from any loss (including
    amounts paid in settlement), cost, liability or expense
    (including reasonable attorneys&#146; fees) that may be imposed
    upon or reasonably incurred by him or her in connection with or
    resulting from any claim, action, suit, or proceeding to which
    he or she may be a party or in which he or she may be involved
    by reason of any action taken or failure to act under the Plan
    and against and from any and all amounts paid by him or her in
    settlement thereof, with the Company&#146;s approval, or paid by
    him or her in satisfaction of any judgment in any such action,
    suit, or proceeding against him or her; <I>provided,</I>
    <I>however,</I> that he or she shall give the Company an
    opportunity, at its own expense, to handle and defend the same
    before he or she undertakes to handle and defend it on his or
    her own behalf, unless such loss, cost, liability, or expense is
    a result of his or her own willful misconduct or except as
    expressly provided by statute. The foregoing right of
    indemnification shall not be exclusive of any other rights of
    indemnification to which such persons may be entitled under the
    Company&#146;s charter or bylaws, as a matter of law, or
    otherwise, or any power that the Company may have to indemnify
    them or hold them harmless.
</DIV>
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    <BR>
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    <B><FONT style="font-family: 'Times New Roman', Times">Section&#160;3&#160;&#160;&#160;&#160;&#160;<U>Shares&#160;Issuable
    under the Plan; Mergers; Substitution</U>.</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (a)&#160;&#160;<U>Shares&#160;Issuable</U>. Subject to
    adjustment as provided in <B>Section&#160;3(d) </B>below, the
    maximum number of shares of Stock reserved and available for
    issuance under the Plan shall be 1,100,000 (all of which may be
    issued through Incentive Stock Options). For purposes of this
    limitation, the shares of Stock underlying any Awards that are
    forfeited, canceled, reacquired by the Company, satisfied
    without the issuance of Stock or otherwise terminated shall not
    be deemed to have been delivered and shall be added back to the
    shares of Stock available for issuance under the Plan;
    <I>provided, however, </I>that any shares (i)&#160;tendered to
    pay the exercise price of an Award or (ii)&#160;withheld for
    taxes by the Company or an Affiliate or a Subsidiary will not be
    available for future issuance under the Plan. Shares issued
    under the Plan may be authorized but unissued shares or shares
    reacquired by the Company. Subject to adjustment as provided in
    <B>Section&#160;3(d) </B>below, with respect to Performance
    Share Awards, Restricted Stock Awards and Restricted Stock Unit
    Awards, the maximum number of shares of Stock subject to such
    Awards shall be&#160;1,100,000.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (b)&#160;&#160;<U>Share Limitation</U>. Subject to adjustment as
    provided in <B>Section&#160;3(d) </B>below, (i)&#160;the maximum
    number of shares of Stock with respect to which Stock Options
    and Stock Appreciation Rights may be granted during a calendar
    year to any participant under the Plan and are intended to be
    &#147;performance-based compensation&#148; (as that term is used
    for purposes of Section&#160;162(m) of the Code) and then only
    to the extent such limitation is required by Section&#160;162(m)
    of the Code, shall be 500,000&#160;shares and (ii)&#160;with
    respect to Performance Share Awards, Restricted Stock Awards and
    Restricted Stock Unit Awards, the maximum number of shares of
    Stock subject to such Awards granted during a calendar year to
    any participant under the Plan and are intended to be
    &#147;performance-based compensation&#148; (as that term is used
    for purposes of Section&#160;162(m) of the Code) and then only
    to the extent such limitation is required by Section&#160;162(m)
    of the Code, shall be 500,000&#160;shares.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (c)&#160;&#160;<U>Partial Performance</U>. Notwithstanding the
    provisions of <B>Section&#160;3(b) </B>above, if in respect of
    any performance period or restriction period, the Committee
    grants to a participant Awards having an aggregate dollar value
    <FONT style="white-space: nowrap">and/or</FONT>
    number of shares less than the maximum dollar value
    <FONT style="white-space: nowrap">and/or</FONT>
    number of shares that could be paid or awarded to such
    participant based on the degree to which the relevant
    performance measures were attained, the excess of such maximum
    dollar value
    <FONT style="white-space: nowrap">and/or</FONT>
    number of shares over the aggregate dollar value
    <FONT style="white-space: nowrap">and/or</FONT>
    number of shares actually subject to Awards granted to such
    participant shall be carried forward and shall increase the
    maximum dollar value
    <FONT style="white-space: nowrap">and/or</FONT> the
    number of shares that may be awarded to such participant in
    respect of the next performance period in respect of which the
    Committee grants to such participant an Award intended to
    qualify as &#147;performance-based compensation&#148; (as that
    term is used for purposes of Section&#160;162(m) of the Code),
    subject to adjustment as provided in <B>Section&#160;3(d)</B>
    below.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (d)&#160;&#160;<U>Corporate Transactions</U>. To the extent
    permitted under Section&#160;409A of the Code, if applicable, in
    the event of a corporate transaction involving the Company or
    the shares of Stock (including any stock dividend, stock split,
    extraordinary cash dividend, recapitalization, reorganization,
    merger, consolidation,
    <FONT style="white-space: nowrap">split-up,</FONT>
    spin-off, combination or exchange of shares), all outstanding
    Awards, the number of shares reserved for issuance under the
    Plan under <B>Section&#160;3(a)</B> above and the specified
    limitations set forth in <B>Section&#160;3(b) </B>above shall
    automatically be adjusted to proportionately and uniformly
    reflect such transaction (but only to the extent that such
    adjustment will not affect the status of an Award intended to
    qualify as &#147;performance-based compensation&#148; under
    Section&#160;162(m) of the Code, if applicable); <I>provided,
    however, </I>that the Committee may otherwise adjust Awards (or
    prevent such automatic adjustment) as it deems necessary, in its
    sole discretion, to preserve the benefits or potential benefits
    of the Awards and the Plan. Action by the Committee may include:
    (i)&#160;adjustment of the number and kind of shares that may be
    delivered under the Plan; (ii)&#160;adjustment of the number and
    kind of shares subject to outstanding Awards;
    (iii)&#160;adjustment of the exercise price of outstanding
    Options and SARs; and (iv)&#160;any other adjustments that the
    Committee determines to be equitable (which may include,
    (A)&#160;replacement of Awards with other awards that the
    Committee determines have comparable value and that are based on
    stock of a company resulting from the corporate transaction, and
    (B)&#160;cancellation of the Award in return for cash payment of
    the current value of the Award, determined as though the Award
    were fully vested at the time of payment, provided that in the
    case of an Option or SAR, the amount of such payment shall be
    the excess of the value of the Stock subject to the Option or
    SAR at the time of the corporate transaction over the exercise
    price; <I>provided,</I> <I>however,</I> that no such payment
    shall be required in consideration of the Award if the exercise
    price is greater than the value of the Stock at the time of such
    corporate transaction).
</DIV>
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    7
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    <B><FONT style="font-family: 'Times New Roman', Times">Section&#160;4&#160;&#160;&#160;&#160;&#160;<U>Awards</U>.</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (a)&#160;&#160;<U>General</U>. Any Award may be granted
    singularly, in combination with another Award (or Awards), or in
    tandem whereby the exercise or vesting of one Award held by a
    participant cancels another Award held by the participant. Each
    Award shall be subject to the terms and conditions of the Plan
    and such additional terms, conditions, limitations and
    restrictions as the Committee shall provide with respect to such
    Award and as evidenced in the Award agreement. An Award may be
    granted as an alternative to or replacement of an existing Award
    under (i)&#160;the Plan; (ii)&#160;any other plan of the Company
    or any Affiliate or Subsidiary; (iii)&#160;any Prior Plan; or
    (iv)&#160;as the form of payment for grants or rights earned or
    due under any other compensation plan or arrangement of the
    Company or any Affiliate or Subsidiary, including without
    limitation the plan of any entity acquired by the Company or any
    Affiliate or Subsidiary.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (b)&#160;&#160;<U>Substitute Awards</U>. The Committee may grant
    Awards in substitution for stock and stock-based awards held by
    employees of another corporation who concurrently become
    employees of the Company, an Affiliate or a Subsidiary as the
    result of a merger or consolidation of the employing corporation
    with the Company, an Affiliate or a Subsidiary or the
    acquisition by the Company, an Affiliate or a Subsidiary of
    property or stock of the employing corporation. The Committee
    may direct that the substitute Awards be granted on such terms
    and conditions as the Committee considers appropriate in the
    circumstances.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">Section&#160;5&#160;&#160;&#160;&#160;&#160;<U>Eligibility</U>.</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Participants in the Plan will be such full or part-time Service
    Providers who are responsible for or contribute to the
    management, growth or profitability of the Company, its
    Affiliates and Subsidiaries and who are selected from time to
    time by the Committee, in its sole discretion. Notwithstanding
    any provision of the Plan to the contrary, an Award (other than
    an Incentive Stock Option) may be granted to a person, in
    connection with his or her hiring as an employee, prior to the
    date the employee first performed services for the Company, an
    Affiliate or a Subsidiary; <I>provided,</I> <I>however,</I> that
    any such Award shall not become exercisable or vested prior to
    the date the employee first performs such services as an
    employee.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">Section&#160;6&#160;&#160;&#160;&#160;&#160;<U>Stock
    Options</U>.</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Any Stock Option shall be in such form as the Committee may from
    time to time approve.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Stock Options may be either Incentive Stock Options or
    Non-Qualified Stock Options. To the extent that any Option does
    not qualify as an Incentive Stock Option, it shall constitute a
    Non-Qualified Stock Option. No Incentive Stock Option may be
    granted under the Plan after the tenth anniversary of the
    Effective Date. Incentive Stock Options may only be granted to
    employees of the Company, a Parent of the Company or a
    Subsidiary.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    The Committee in its discretion may grant Stock Options to
    Service Providers. Stock Options shall be subject to the
    following terms and conditions and shall contain such additional
    terms and conditions, not inconsistent with the terms of the
    Plan, as the Committee shall deem desirable:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (i)&#160;&#160;<U>Exercise Price</U>. The per share exercise
    price of a Stock Option shall be determined by the Committee at
    the time of grant. The per share exercise price of a Stock
    Option shall not be less than 100% of Fair Market Value on the
    date of grant. Unless specifically designated in writing by the
    Committee, any Stock Option shall be designed to be exempt from
    Section&#160;409A of the Code. If an employee owns or is deemed
    to own (by reason of the attribution rules of
    Section&#160;424(d) of the Code) more than 10% of the combined
    voting power of all classes of stock of the Company or any
    Subsidiary or Parent corporation (a &#147;<B>10%
    Shareholder</B>&#148;) and an Incentive Stock Option is granted
    to such employee, the exercise price of such Incentive Stock
    Option shall not be less than 110% of the Fair Market Value.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (ii)&#160;&#160;<U>Option Term</U>. The term of each Stock
    Option shall be fixed by the Committee, but no Stock Option
    shall be exercisable more than 10&#160;years after the date the
    Option is granted. For 10% Shareholders, the terms of an
    Incentive Stock Option shall be no more than five years from the
    date of grant.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (iii)&#160;&#160;<U>Exercisability; Rights of a Shareholder</U>.
    Stock Options shall become exercisable at such time or times,
    whether or not in installments, as shall be determined by the
    Committee at or after the grant date. The
</DIV>
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Committee may at any time accelerate the exercisability of all
    or any portion of any Stock Option. An optionee shall have the
    rights of a shareholder only as to shares acquired upon the
    exercise of a Stock Option and not as to unexercised Stock
    Options.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (iv)&#160;&#160;<U>Method of Exercise</U>. Stock Options may be
    exercised in whole or in part, by giving written notice of
    exercise to the Company, specifying the number of shares to be
    purchased. Payment of the purchase price may be made by one or
    more of the following methods:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (A)&#160;&#160;In cash, by certified or bank check or other
    instrument acceptable to the Committee or by wire transfer to an
    account designated by the Company;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (B)&#160;&#160;In the form of shares of Stock (by actual
    delivery or by attestation) that are not then subject to
    restrictions under any Company plan, if permitted by the
    Committee in its discretion. Such surrendered shares shall be
    valued at Fair Market Value on the exercise date;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (C)&#160;&#160;Payment through a net exercise such that, without
    the payment of any funds, the optionee may exercise the Option
    and receive the net number of shares of Stock equal in value to
    (y)&#160;the number of shares of Stock as to which the Option is
    being exercised, multiplied by (z)&#160;a fraction, the
    numerator of which is the Fair Market Value (on such date as is
    determined by the Committee) less the purchase price, and the
    denominator of which is such Fair Market Value;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (D)&#160;&#160;By the optionee delivering to the Company a
    properly executed exercise notice together with irrevocable
    instructions to a broker to promptly deliver to the Company cash
    or a check payable and acceptable to the Company to pay the
    purchase price; <I>provided,</I> <I>however,</I> that in the
    event the optionee chooses to pay the purchase price as so
    provided, the optionee and the broker shall comply with such
    procedures and enter into such agreements of indemnity and other
    agreements as the Committee shall prescribe as a condition of
    such payment procedure. Payment instruments will be received
    subject to collection;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (E)&#160;&#160;Other such method as may be determined by the
    Committee from time to time.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    The delivery of shares of Stock to be purchased pursuant to the
    exercise of the Stock Option will be contingent upon receipt
    from the optionee (or a purchaser acting in his stead in
    accordance with the provisions of the Stock Option) by the
    Company of the full purchase price for such shares and the
    fulfillment of any other requirements contained in the Stock
    Option or applicable provisions of laws (including satisfaction
    of applicable tax withholding requirements).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (v)&#160;&#160;<U>Non-transferability of Options</U>. No
    Incentive Stock Option shall be transferable by the optionee
    otherwise than by will or by the laws of descent and
    distribution, and all Incentive Stock Options shall be
    exercisable, during the optionee&#146;s lifetime, only by the
    optionee. Non-Qualified Stock Options may be assigned or
    otherwise transferred by the participant only in the following
    circumstances: (i)&#160;by will or the laws of descent and
    distribution; (ii)&#160;by the participant to members of his or
    her &#147;immediate family,&#148; to a trust established for the
    exclusive benefit of solely one or more members of the
    participant&#146;s &#147;immediate family&#148;
    <FONT style="white-space: nowrap">and/or</FONT> the
    participant, or to a partnership, limited liability company or
    corporation pursuant to which the only partners, members or
    shareholders, as the case may be, are one or more members of the
    participant&#146;s &#147;immediate family&#148;
    <FONT style="white-space: nowrap">and/or</FONT> the
    participant; <I>provided,</I> <I>however,</I> that such
    transfers are not made for consideration to the participant; or
    (iii)&#160;pursuant to a certified domestic relations order. Any
    Non-Qualified Stock Option held by a transferee will continue to
    be subject to the same terms and conditions that were applicable
    to the Option immediately prior to the transfer, except that the
    Option will be transferable by the transferee only by will or
    the laws of descent and distribution. For purposes hereof,
    &#147;immediate family&#148; means the participant&#146;s
    children, stepchildren, grandchildren, parents, stepparents,
    grandparents, spouse, siblings (including half brothers and
    sisters), in-laws, and relationships arising because of legal
    adoption.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (vi)&#160;&#160;<U>Termination by Death</U>. If any
    optionee&#146;s Termination of Service occurs by reason of
    death, the Stock Option may thereafter be exercised, to the
    extent exercisable at the date of death, by the legal
    representative or legatee of the optionee, for a period of six
    months (or such longer period as the Committee
</DIV>
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    shall specify at any time) from the date of death, or until the
    expiration of the stated term of the Option, if earlier.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (vii)&#160;&#160;<U>Termination by Reason of Disability</U>.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (A)&#160;&#160;Any Stock Option held by an optionee who incurs a
    Termination of Service by reason of Disability may thereafter be
    exercised, to the extent it was exercisable at the time of such
    termination, for a period of 12&#160;months (or such longer
    period as the Committee shall specify at any time) from such
    Termination of Service, or until the expiration of the stated
    term of the Option, if earlier.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (B)&#160;&#160;The Committee shall have sole authority and
    discretion to determine whether a participant&#146;s Termination
    of Service is by reason of Disability.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 6%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (C)&#160;&#160;Except as otherwise provided by the Committee at
    the time of grant or otherwise, the death of an optionee during
    a period provided in this <B>Section&#160;6(vii)</B> for the
    exercise of a Non-Qualified Stock Option, shall extend such
    period for six months from the date of death, subject to
    termination on the expiration of the stated term of the Option,
    if earlier.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (viii)&#160;&#160;<U>Termination for Cause</U>. If any
    optionee&#146;s Termination of Service is for Cause, any Stock
    Option held by such optionee shall immediately terminate and be
    of no further force and effect; <I>provided,</I> <I>however,</I>
    that the Committee may, in its sole discretion, provide that
    such Stock Option can be exercised for a period of up to
    30&#160;days from the Termination of Service or until the
    expiration of the stated term of the Option, if earlier.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (ix)&#160;&#160;<U>Other Termination</U>. Unless otherwise
    determined by the Committee, if an optionee&#146;s Termination
    of Service is for any reason other than death, Disability, or
    for Cause, any Stock Option held by such optionee may thereafter
    be exercised, to the extent it was exercisable as of the
    Termination of Service, for three months (or such longer period
    as the Committee shall specify at any time) from the Termination
    of Service or until the expiration of the stated term of the
    Option, if earlier.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (x)&#160;&#160;<U>Annual Limit on Incentive Stock Options</U>.
    To the extent required for &#147;incentive stock option&#148;
    treatment under Section&#160;422 of the Code, the aggregate Fair
    Market Value (determined as of the time of grant) of the Stock
    with respect to which Incentive Stock Options granted under the
    Plan and any other plan of the Company or its Subsidiaries
    become exercisable for the first time by an optionee during any
    calendar year shall not exceed $100,000.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (xi)&#160;&#160;<U>Form of Settlement</U>. Shares of Stock
    issued upon exercise of a Stock Option shall be free of all
    restrictions under the Plan, except as otherwise provided in the
    Plan or the applicable Stock Option Award agreement.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">Section&#160;7&#160;&#160;&#160;&#160;&#160;<U>Restricted
    Stock Awards and Restricted Stock Unit Awards</U>.</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (a)&#160;&#160;<U>Nature of Awards</U>. The Committee may grant
    Restricted Stock Awards or Restricted Stock Unit Awards to
    Service Providers.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (i)&#160;&#160;Restricted Stock Award. A Restricted Stock Award
    is an Award entitling the recipient to acquire, at no cost or
    for a purchase price determined by the Committee, shares of
    Stock subject to such restrictions and conditions as the
    Committee may determine at the time of grant
    (&#147;<B>Restricted Stock</B>&#148;). Conditions may be based
    on continuing service
    <FONT style="white-space: nowrap">and/or</FONT>
    achievement of pre-established performance goals and objectives.
    In addition, a Restricted Stock Award may be granted to a
    Service Provider by the Committee in lieu of any compensation
    due to such Service Provider.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (ii)&#160;&#160;Restricted Stock Unit Award. A Restricted Stock
    Unit Award is an Award evidencing the right of the recipient to
    receive an equivalent number of shares of Stock on a specific
    date or upon the attainment of pre-established performance
    goals, objectives, and other conditions as specified by the
    Committee, with the units being subject to such restrictions and
    conditions as the Committee may determine at the time of grant
    (&#147;<B>Restricted Stock Units</B>&#148;). Conditions may be
    based on continuing service
    <FONT style="white-space: nowrap">and/or</FONT>
    achievement of pre-established performance goals and objectives.
    In addition, a Restricted Stock Unit Award may be granted to a
    Service Provider by the Committee in lieu of any compensation
    due to such Service Provider.
</DIV>
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    <BR>
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (b)&#160;&#160;<U>Acceptance of Award</U>. A participant who is
    granted a Restricted Stock Award or a Restricted Stock Unit
    Award shall have no rights with respect to such Award unless the
    participant shall have accepted the Award within 60&#160;days
    (or such shorter date as the Committee may specify) following
    the grant date by making payment to the Company, if required, by
    certified or bank check or other instrument or form of payment
    acceptable to the Committee in an amount equal to the specified
    purchase price, if any, of the shares covered by the Award and
    by executing and delivering to the Company a written instrument
    that sets forth the terms and conditions of the Restricted Stock
    or the Restricted Stock Units in such form as the Committee
    shall determine.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (c)&#160;&#160;<U>Rights as a Shareholder</U>. Upon complying
    with <B>Section&#160;7(b) </B>above:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (i)&#160;&#160;With respect to Restricted Stock, a participant
    shall have all the rights of a shareholder including voting and
    dividend rights, subject to transferability restrictions and
    Company repurchase or forfeiture rights described in this
    <B>Section&#160;7 </B>and subject to such other conditions
    contained in the written instrument evidencing the Restricted
    Stock Award. Unless the Committee shall otherwise determine, if
    certificates are issued to evidence shares of Restricted Stock,
    such certificates shall remain in the possession of the Company
    until such shares are vested as provided in
    <B>Section&#160;7(e)(i) </B>below;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (ii)&#160;&#160;With respect to Restricted Stock Units, a
    participant shall have no voting rights or dividend rights prior
    to the time shares of Stock are received in settlement of such
    Restricted Stock Units. Unless otherwise provided by the
    Committee and reflected in the Award agreement, in lieu of
    actual dividend rights in connection with Restricted Stock
    Units, a participant shall have the right to receive additional
    Restricted Stock Units equal in value to any cash dividends and
    property dividends paid with respect to the shares underlying
    the Restricted Stock Units, subject to the same terms and
    conditions as contained in the written instrument evidencing the
    Restricted Stock Unit Award.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (d)&#160;&#160;<U>Restrictions</U>. Restricted Stock Units and
    shares of Restricted Stock may not be sold, assigned,
    transferred, pledged or otherwise encumbered or disposed of
    except as specifically provided herein.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (e)&#160;&#160;<U>Vesting of Restricted Stock and Restricted
    Stock Units</U>. The Committee at the time of grant shall
    specify the date or dates
    <FONT style="white-space: nowrap">and/or</FONT> the
    attainment of pre-established performance goals, objectives and
    other conditions on which the non-transferability of the
    Restricted Stock and the Restricted Stock Units and the
    Company&#146;s right of repurchase or forfeiture shall lapse.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (i)&#160;&#160;Vesting of Restricted Stock. Subsequent to such
    date or dates
    <FONT style="white-space: nowrap">and/or</FONT> the
    attainment of such pre-established performance goals, objectives
    and other conditions, the shares of Restricted Stock on which
    all restrictions have lapsed shall no longer be Restricted Stock
    and shall be deemed &#147;vested.&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (ii)&#160;&#160;Vesting of Restricted Stock Units. Upon such
    date or dates
    <FONT style="white-space: nowrap">and/or</FONT> the
    attainment of such pre-established performance goals, objectives
    and other conditions, the Restricted Stock Units on which all
    restrictions have lapsed shall no longer be Restricted Stock
    Units and shall be deemed &#147;vested&#148;, and, unless
    otherwise provided by the Committee and reflected in the Award
    agreement, the participant shall be entitled to shares of Stock
    equal to the number of vested Restricted Stock Units. Unless
    otherwise provided by the Committee and reflected in the Award
    agreement, the newly acquired shares of Stock shall be acquired
    by the participant free and clear of any restrictions except
    such imposed under applicable law, if any.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (f)&#160;&#160;<U>Waiver, Deferral and Reinvestment of
    Dividends</U>. The written instrument evidencing the Restricted
    Stock Award or the Restricted Stock Unit Award may require or
    permit the immediate payment, waiver, deferral or investment of
    dividends paid on the Restricted Stock or the Restricted Stock
    Units; <I>provided,</I> <I>however,</I> that any such deferral
    may be permitted only to the extent that such deferral would
    satisfy the requirements of Section&#160;409A of the Code.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">Section&#160;8&#160;&#160;&#160;&#160;&#160;<U>Performance
    Share Awards</U>.</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (a)&#160;&#160;<U>Nature of Performance Shares</U>. A
    Performance Share Award is an Award entitling the recipient to
    acquire shares of Stock upon the attainment of specified
    performance goals. The Committee may make Performance Share
    Awards independent of or in connection with the granting of any
    other Award. Performance Share Awards may be granted to Service
    Providers, including those who qualify for awards under other
    performance plans of the
</DIV>
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Company. The Committee in its sole discretion shall determine
    whether and to whom Performance Share Awards shall be made, the
    performance goals applicable under each such Award, the periods
    during which performance is to be measured, and all other
    limitations and conditions applicable to the awarded Performance
    Shares; <I>provided,</I> <I>however,</I> that the Committee may
    rely on the performance goals and other standards applicable to
    other performance based plans of the Company in setting the
    standards for Performance Share Awards.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (b)&#160;&#160;<U>Restrictions on Transfer</U>. Performance
    Share Awards and all rights with respect to such Awards may not
    be sold, assigned, transferred, pledged or otherwise encumbered.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (c)&#160;&#160;<U>Rights as a Shareholder</U>. A participant
    receiving a Performance Share Award shall have the rights of a
    shareholder only as to shares actually received by the
    participant under the Plan and not with respect to shares
    subject to the Award but not actually received by the
    participant. A participant shall be entitled to receive shares
    of Stock under a Performance Share Award only upon satisfaction
    of all conditions specified in the written instrument evidencing
    the Performance Share Award (or in a performance plan adopted by
    the Committee).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (d)&#160;&#160;<U>Termination</U>. Except as may otherwise be
    provided by the Committee at any time prior to Termination of
    Service, a participant&#146;s rights in all Performance Share
    Awards shall automatically terminate upon the participant&#146;s
    Termination of Service for any reason (including, without
    limitation, due to death or Disability and for Cause).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (e)&#160;&#160;<U>Acceleration, Waiver, Etc</U>. At any time
    prior to the participant&#146;s Termination of Service, the
    Committee may in its sole discretion accelerate, waive or,
    subject to <B>Section&#160;13</B> below, amend any or all of the
    goals, restrictions or conditions imposed under any Performance
    Share Award; <I>provided,</I> <I>however,</I> that in no event
    shall any provision of the Plan be construed as granting to the
    Committee any discretion to increase the amount of compensation
    payable under any Performance Share Award intended to qualify as
    a Performance Award under <B>Section&#160;11 </B>below to the
    extent such an increase would cause the amounts payable pursuant
    to the Performance Share Award to be nondeductible in whole or
    in part pursuant to Section&#160;162(m) of the Code, and the
    Committee shall have no such discretion notwithstanding any
    provision of the Plan to the contrary.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">Section&#160;9&#160;&#160;&#160;&#160;&#160;<U>Stock
    Appreciation Rights</U>.</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (a)&#160;&#160;<U>Notice of Stock Appreciation Rights</U>. A
    Stock Appreciation Right is a right entitling the participant to
    receive cash or Stock having a fair market value equal to the
    appreciation in the Fair Market Value of a stated number of
    shares from the date of grant, or in the case of rights granted
    in tandem with or by reference to an Option granted prior to the
    grant of such rights, from the date of grant of the related
    Option to the date of exercise. SARs may be granted to Service
    Providers.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (b)&#160;&#160;<U>Terms of Awards</U>. SARs may be granted in
    tandem with or with reference to a related Option, in which
    event the participant may elect to exercise either the Option or
    the SAR, but not both, as to the same share subject to the
    Option and the SAR, or the SAR may be granted independently. In
    the event of an Award with a related Option, the SAR shall be
    subject to the terms and conditions of the related Option. In
    the event of an independent Award, the SAR shall be subject to
    the terms and conditions determined by the Committee;
    <I>provided,</I> <I>however,</I> that no SAR shall be
    exercisable more than 10&#160;years after the date the SAR is
    granted.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (c)&#160;&#160;<U>Restrictions on Transfer</U>. SARs shall not
    be transferred, assigned or encumbered, except that SARs may be
    exercised by the executor, administrator or personal
    representative of the deceased participant within six months of
    the death of the participant (or such longer period as the
    Committee shall specify at any time) and transferred pursuant to
    a certified domestic relations order.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (d)&#160;&#160;<U>Payment Upon Exercise</U>. Upon exercise of an
    SAR, the participant shall be paid the excess of the then Fair
    Market Value of the number of shares to which the SAR relates
    over the Fair Market Value of such number of shares at the date
    of grant of the SAR, or of the related Option, as the case may
    be. Such excess shall be paid in cash or in Stock having a Fair
    Market Value equal to such excess or in such combination thereof
    as the Committee shall determine.
</DIV>
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">Section&#160;10&#160;&#160;&#160;&#160;&#160;<U>Dividend
    Equivalents</U>.</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    The Committee is authorized to grant Dividend Equivalents to
    Service Providers. The Committee may provide, at the date of
    grant or thereafter, that Dividend Equivalents shall be paid or
    distributed when accrued or shall be deemed to have been
    reinvested in additional Shares, or other investment vehicles as
    the Committee may specify; <I>provided,</I> <I>however,</I> that
    Dividend Equivalents (other than freestanding Dividend
    Equivalents) shall be subject to all conditions and restrictions
    of the underlying Awards to which they relate unless otherwise
    provided by the Committee. Any grant of Dividend Equivalents
    made to a participant hereunder shall be permitted only to the
    extent that such grant would satisfy the requirements of
    Section&#160;409A of the Code. To the extent that a grant of
    Dividend Equivalents would be deemed, under Section&#160;409A of
    the Code, to reduce the exercise price of an Option or SAR below
    the Fair Market Value (determined as of the date of grant) of
    the share of Stock underlying such Award, no grant of Dividend
    Equivalents shall be allowed with respect to such Option or SAR.
    No Dividend Equivalents shall be transferable by the holder
    other than by will or by the laws of descent and distribution.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">Section&#160;11&#160;&#160;&#160;&#160;&#160;<U>Performance
    Awards</U>.</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    If the Committee determines that a Performance Share Award,
    Restricted Stock Award or Restricted Stock Unit Award to be
    granted to a participant should qualify as
    &#147;performance-based compensation&#148; for purposes of
    Section&#160;162(m) of the Code, the grant, vesting
    <FONT style="white-space: nowrap">and/or</FONT>
    settlement of such Award shall be contingent upon achievement of
    pre-established performance goals and other terms set forth in
    this <B>Section&#160;11 </B>and such Award shall be considered a
    &#147;<B>Performance Award</B>&#148; under the Plan.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (a)&#160;&#160;<U>Performance Goals Generally</U>. The
    performance goals for Performance Awards shall consist of one or
    more business criteria and a targeted level or levels of
    performance with respect to each of such criteria, as specified
    by the Committee consistent with this <B>Section&#160;11</B>.
    Performance goals shall be objective and shall otherwise meet
    the requirements of Section&#160;162(m) of the Code. The
    Committee may determine that such Performance Awards shall be
    granted, vested
    <FONT style="white-space: nowrap">and/or</FONT>
    settled upon achievement of any one performance goal or that two
    or more of the performance goals must be achieved as a condition
    to grant, vesting
    <FONT style="white-space: nowrap">and/or</FONT>
    settlement of such Performance Awards. Performance goals may
    differ for Performance Awards granted to any one participant or
    to different participants. Any Performance Award shall be
    settled as soon as administratively practicable following the
    date on which such Award vests, but in no event later than sixty
    (60)&#160;days after the date on which such Performance Award
    vests.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (b)&#160;&#160;<U>Business Criteria</U>. One or more of the
    following business criteria for the Company, on a consolidated
    basis,
    <FONT style="white-space: nowrap">and/or</FONT> for
    specified Affiliates, Subsidiaries or business units of the
    Company (except with respect to the total stockholder return and
    earnings per share criteria), shall be used by the Committee in
    establishing performance goals for such Performance Awards:
    (1)&#160;earnings, including funds from operations; (2)
    revenues; (3)&#160;cash flow; (4)&#160;cash flow return on
    investment; (5)&#160;return on assets; (6)&#160;return on
    investment; (7)&#160;return on capital; (8)&#160;return on
    equity; (9)&#160;economic value added; (10)&#160;operating
    margin; (11)&#160;net income; (12)&#160;pretax earnings;
    (13)&#160;pretax earnings before interest, depreciation and
    amortization; (14)&#160;pretax operating earnings after interest
    expense and before incentives, service fees, and extraordinary
    or special items; (15)&#160;operating earnings; (16)&#160;total
    stockholder return; (17)&#160;market share; (18)&#160;debt load
    reduction; (19)&#160;expense management; (20)&#160;stock price;
    (21)&#160;book value; (22)&#160;overhead; (23)&#160;assets;
    (24)&#160;assessment of balance sheet or income statement
    objectives; and (25)&#160;strategic business objectives,
    consisting of one or more objectives based on meeting specific
    cost targets, business expansion goals and goals relating to
    acquisitions or divestitures. Any of the above goals may be
    compared to the performance of a peer group, business plan or a
    published or special index deemed applicable by the Committee
    including, but not limited to, the Standard&#160;&#038;
    Poor&#146;s 500 Stock Index.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (c)&#160;&#160;<U>Performance Period; Timing for Established
    Performance Goals</U>. Achievement of performance goals in
    respect of such Performance Awards shall be measured over a
    performance period, as specified by the Committee. Performance
    goals shall be established not later than 90&#160;days after the
    beginning of any performance period applicable to such
    Performance Awards, or at such other date as may be required or
    permitted for &#147;performance-based compensation&#148; under
    Section&#160;162(m) of the Code.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (d)&#160;&#160;<U>Settlement of Performance Awards; Other
    Terms</U>. Settlement of Performance Awards shall be in cash,
    Stock or other property, in the discretion of the Committee. The
    Committee may, in its discretion, reduce the amount
</DIV>
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    <BR>
    13
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    of a settlement otherwise to be made in connection with
    Performance Awards, but may not exercise discretion to increase
    any such amount payable to a participant in respect of a
    Performance Award. The Committee shall specify the circumstances
    in which Performance Awards shall be paid or forfeited in the
    event of a Termination of Service of the participant prior to
    the end of a performance period or settlement of Performance
    Awards.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (e)&#160;&#160;<U>Written Determination</U>. All determinations
    by the Committee as to the establishment of performance goals or
    potential individual Performance Awards and as to the
    achievement of performance goals relating to Performance Awards
    shall be made in writing in the case of any Award intended to
    qualify under Section&#160;162(m) of the Code.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (f)&#160;&#160;<U>Partial Achievement</U>. The terms of any
    Performance Award may provide that partial achievement of the
    business criteria may result in a payment or vesting based upon
    the degree of achievement. In addition, partial achievement of
    business criteria shall apply toward a participant&#146;s
    individual limitations as set forth in <B>Section&#160;3(b)
    </B>above.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (g)&#160;&#160;<U>Extraordinary Items</U>. In establishing any
    business criteria, the Committee may provide for the exclusion
    of the effects of the following items, to the extent identified
    in the audited financial statements of the Company, including
    footnotes, or in the Management&#146;s Discussion and Analysis
    section of the Company&#146;s annual report:
    (i)&#160;extraordinary, unusual,
    <FONT style="white-space: nowrap">and/or</FONT>
    nonrecurring items of gain or loss; (ii)&#160;gains or losses on
    the disposition of a business; (iii)&#160;changes in tax or
    accounting principles, regulations or laws; or (iv)&#160;mergers
    or acquisitions. To the extent not specifically excluded, such
    effects shall be included in any applicable business criteria.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">Section&#160;12&#160;&#160;&#160;&#160;&#160;<U>Tax
    Withholding</U>.</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (a)&#160;&#160;<U>Payment by Participant</U>. Each participant
    shall, no later than the date as of which the value of an Award
    or of any Stock or other amounts received thereunder first
    becomes includible in the gross income of the participant for
    federal income tax purposes, pay to the Company, or make
    arrangements satisfactory to the Committee regarding payment of,
    any federal, state, or local taxes of any kind required by law
    to be withheld with respect to such income. The Company, its
    Affiliates and Subsidiaries shall, to the extent permitted by
    law, have the right to deduct any such taxes from any payment of
    any kind otherwise due to the participant.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (b)&#160;&#160;<U>Payment in Shares</U>. A participant may
    elect, subject to such rules and limitations as may be
    established by the Committee from time to time, to have such tax
    withholding obligation satisfied, in whole or in part, by
    (i)&#160;authorizing the Company to withhold from shares of
    Stock to be issued pursuant to any Award a number of shares with
    an aggregate Fair Market Value (as of the date the withholding
    is effected) that would satisfy the withholding amount due
    (based on the minimum statutory rates), or
    (ii)&#160;transferring to the Company shares of Stock owned by
    the participant with an aggregate Fair Market Value (as of the
    date the withholding is effected) that would satisfy the
    withholding amount due (based on the minimum statutory rates).
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">Section&#160;13&#160;&#160;&#160;&#160;&#160;<U>Amendments
    and Termination</U>.</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (a)&#160;&#160;<U>General</U>. The Board may, as permitted by
    law, at any time amend or discontinue the Plan and the Committee
    may at any time amend or cancel any outstanding Award, but no
    such action shall adversely affect rights under any outstanding
    Award without the holder&#146;s consent and, except as set forth
    in <B>Section&#160;3(d) </B>above, no amendment shall
    (i)&#160;materially increase the benefits accruing to
    participants under the Plan; (ii)&#160;materially increase the
    aggregate number of securities that may be issued under the
    Plan, or (iii)&#160;materially modify the requirements for
    participation in the Plan, unless the amendment under (i),
    (ii)&#160;or (iii)&#160;immediately above is approved by the
    Company&#146;s stockholders. It is the intention of the Company
    that the Plan and any Awards made hereunder comply with or are
    exempt from the requirements of Section&#160;409A of the Code
    and the Plan shall be administered and interpreted in accordance
    with such intent. The Company does not guarantee that the
    Awards, payments and benefits that may be made or provided under
    the Plan will satisfy all applicable provisions of
    Section&#160;409A or any other Section of the Code.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (b)&#160;&#160;<U>Deferred Compensation</U>. If any Award would
    be considered Deferred Compensation, the Committee reserves the
    absolute right (including the right to delegate such right) to
    unilaterally amend the Plan or the Award agreement, without the
    consent of the participant, to avoid the application of, or to
    maintain compliance with,
</DIV>
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    <BR>
    14
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Section&#160;409A of the Code. Any amendment by the Committee to
    the Plan or an Award agreement pursuant to this section shall
    maintain, to the extent practicable and permissible, the
    original intent of the applicable provision without violating
    Section&#160;409A of the Code. A participant&#146;s acceptance
    of any Award constitutes acknowledgement and consent to such
    rights of the Committee, without further consideration or
    action. Any discretionary authority retained by the Committee
    pursuant to the terms of the Plan or pursuant to an Award
    agreement shall not be applicable to an Award that is determined
    to constitute Deferred Compensation, if such discretionary
    authority would contravene Section&#160;409A of the Code.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (c)&#160;&#160;<U>Amendment to Conform to Law</U>.
    Notwithstanding any provision in the Plan or any Award agreement
    to the contrary, the Committee may amend the Plan or an Award
    agreement, to take effect retroactively or otherwise, as deemed
    necessary or advisable for the purpose of conforming the Plan or
    the Award agreement to any present or future law relating to
    plans of this or similar nature (including, but not limited to,
    Section&#160;409A of the Code). By accepting an Award, each
    participant agrees and consents to any amendment made pursuant
    to this <B>Section&#160;13(c) </B>or <B>Section&#160;13(b)
    </B>above to any Award without further consideration or action.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">Section&#160;14&#160;&#160;&#160;&#160;&#160;<U>Status
    of Plan</U>.</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    With respect to the portion of any Award that has not been
    exercised and any payments in cash, Stock or other consideration
    not received by a participant, a participant shall have no
    rights greater than those of a general unsecured creditor of the
    Company unless the Committee shall otherwise expressly determine
    in connection with any Award or Awards. In its sole discretion,
    the Committee may authorize the creation of trusts or other
    arrangements to meet the Company&#146;s obligations to deliver
    Stock or make payments with respect to Awards hereunder,
    provided that the existence of such trusts or other arrangements
    is consistent with the provision of the foregoing sentence.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">Section&#160;15&#160;&#160;&#160;&#160;&#160;<U>Change
    of Control Provisions</U>.</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Upon the occurrence of a Change of Control as defined in this
    <B>Section&#160;15</B>:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (a)&#160;&#160;Each Stock Option and each Stock Appreciation
    Right shall automatically become fully exercisable unless the
    Committee shall otherwise expressly provide at the time of grant.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (b)&#160;&#160;Restrictions and conditions on Awards of
    Restricted Stock, Restricted Stock Units, Performance Shares and
    Dividend Equivalents shall automatically be deemed waived, and
    the recipients of such Awards shall become entitled to receipt
    of the maximum amount of Stock subject to such Awards unless the
    Committee shall otherwise expressly provide at the time of grant.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (c)&#160;&#160;&#147;<B>Change of Contro</B>l&#148; shall mean
    the occurrence of any one of the following events:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (i)&#160;&#160;any &#147;person&#148;, as such term is used in
    Sections&#160;13(d) and 14(d) of the Act (other than the
    Company, any of its Subsidiaries, any trustee, fiduciary or
    other person or entity holding securities under any employee
    benefit plan of the Company or any of its Subsidiaries),
    together with all &#147;affiliates&#148; and
    &#147;associates&#148; (as such terms are defined in
    <FONT style="white-space: nowrap">Rule&#160;12b-2</FONT>
    of the Act) of such person, becomes the &#147;beneficial
    owner&#148; (as such term is defined in
    <FONT style="white-space: nowrap">Rule&#160;13d-3</FONT>
    of the Act), directly or indirectly, of securities of the
    Company representing 40% or more of either (A)&#160;the combined
    voting power of the Company&#146;s then outstanding securities
    having the right to vote in an election of the Board
    (&#147;<B>Voting Securities</B>&#148;) or (B)&#160;the then
    outstanding shares of Stock of the Company (in either such case
    other than as result of acquisition of securities directly from
    the Company);&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (ii)&#160;&#160;persons who, as of the Effective Date,
    constitute the Board (the &#147;<B>Incumbent
    Directors</B>&#148;) cease for any reason, including without
    limitation, as a result of a tender offer, proxy contest, merger
    or similar transaction, to constitute at least a majority of the
    Board, provided that any person becoming a director of the
    Company subsequent to the Effective Date whose election or
    nomination for election was approved by a vote of at least a
    majority of the Incumbent Directors shall, for purposes of the
    Plan, be considered an Incumbent Director;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (iii)&#160;&#160;the consummation of: (A)&#160;any consolidation
    or merger of the Company or any Subsidiary where the
    stockholders of the Company, immediately prior to the
    consolidation or merger, would not, immediately after
</DIV>
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    <BR>
    15
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    the consolidation or merger, beneficially own (as such term is
    defined in
    <FONT style="white-space: nowrap">Rule&#160;13d-3</FONT>
    of the Act), directly or indirectly, shares representing in the
    aggregate 50% or more of the voting stock of the corporation
    issuing cash or securities in the consolidation or merger (or of
    its ultimate parent corporation, if any), (B)&#160;any sale,
    lease, exchange or other transfer (in one transaction or a
    series of transactions contemplated or arranged by any party as
    a single plan) of all or substantially all of the assets of the
    Company or (C)&#160;any plan or proposal for the liquidation or
    dissolution of the Company.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Notwithstanding the foregoing, a &#147;Change of Control&#148;
    shall not be deemed to have occurred for purposes of the
    foregoing clause&#160;(i) solely as the result of an acquisition
    of securities by the Company that, by reducing the number of
    shares of Stock or other Voting Securities outstanding,
    increases (x)&#160;the proportionate number of shares of Stock
    beneficially owned by any person to 40% or more of the shares of
    Stock then outstanding or (y)&#160;the proportionate voting
    power represented by the Voting Securities beneficially owned by
    any person to 40% or more of the combined voting power of all
    then outstanding Voting Securities; <I>provided,</I>
    <I>however,</I> that if any person referred to in
    clause&#160;(x) or (y)&#160;of this sentence shall thereafter
    become the beneficial owner of any additional shares of Stock or
    other Voting Securities (other than pursuant to a stock split,
    stock dividend, or similar transaction), then a &#147;Change of
    Control&#148; shall be deemed to have occurred for purposes of
    the foregoing clause (i). In the event that any Award
    constitutes Deferred Compensation, and the settlement of, or
    distribution of benefits under such Award is to be triggered by
    a Change of Control, then such settlement or distribution shall
    be subject to the event constituting the Change of Control also
    constituting a change in the ownership or effective control or
    change in ownership of a substantial portion of assets of a
    corporation as permitted under Section&#160;409A of the Code.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">Section&#160;16&#160;&#160;&#160;&#160;&#160;<U>General
    Provisions</U>.</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (a)&#160;&#160;<U>No Distribution; Compliance with Legal
    Requirements</U>. The Committee may require each person
    acquiring shares pursuant to an Award to represent to and agree
    with the Company in writing that such person is acquiring the
    shares without a view to distribution thereof. No shares of
    Stock shall be issued pursuant to an Award until all applicable
    securities laws and other legal and stock exchange requirements
    have been satisfied. The Company may, as it deems appropriate:
    (i)&#160;require the placing of such stop-orders and restrictive
    legends on certificates, if any, for Stock and Awards,
    (ii)&#160;make a notation within any electronic recordation
    system for ownership of shares, or (iii)&#160;utilize other
    reasonable means to evidence such shares have not been
    registered under the Securities Act of 1933.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (b)&#160;&#160;<U>Certificates</U>. To the extent that the Plan
    provides for the issuance of shares of Stock, the issuance may
    be effected on a non-certificated basis, in accordance with
    applicable law and the applicable rules of any stock exchange.
    If stock certificates are issued to evidence shares awarded
    under the Plan, delivery of stock certificates to participants
    under the Plan shall be deemed effected for all purposes when
    the Company or a stock transfer agent of the Company shall have
    delivered such certificates in the United States mail, addressed
    to the participant, at the participant&#146;s last known address
    on file with the Company.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (c)&#160;&#160;<U>Other Compensation Arrangements; No Employment
    Rights</U>. Nothing contained in the Plan shall prevent the
    Board from adopting other or additional compensation
    arrangements, including trusts, subject to stockholder approval
    if such approval is required; and such arrangements may be
    either generally applicable or applicable only in specific
    cases. The adoption of the Plan and the grant of Awards do not
    confer upon any Service Provider any right to continued
    employment or service with the Company or any Affiliate or
    Subsidiary.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

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    <B><FONT style="font-family: 'Times New Roman', Times">Section&#160;17&#160;&#160;&#160;&#160;&#160;<U>Clawback
    Policy</U>.</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Any Award, amount or benefit received under the Plan shall be
    subject to potential cancellation, recoupment, rescission,
    payback or other action in accordance with the terms of any
    applicable Company clawback policy, as it may be amended from
    time to time (the &#147;<B>Policy</B>&#148;) or any applicable
    law. A Service Provider&#146;s receipt of an Award constitutes
    the Service Provider&#146;s acknowledgment of and consent to the
    Company&#146;s application, implementation and enforcement of
    (a)&#160;the Policy or any similar policy established by the
    Company that may apply to the Service Provider and (b)&#160;any
    provision of applicable law relating to cancellation,
    rescission, payback or recoupment of compensation, as well as
    the Service Provider&#146;s express agreement that the Company
    may take such actions as are
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    <BR>
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    necessary to effectuate the Policy, any similar policy (as
    applicable to the Service Provider) or applicable law without
    further consideration or action.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">Section&#160;18&#160;&#160;&#160;&#160;&#160;<U>Effective
    Date of Plan</U>.</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    The Plan shall become effective upon approval by the
    stockholders of the Company.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">Section&#160;19&#160;&#160;&#160;&#160;&#160;<U>Governing
    Law</U>.</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    THIS PLAN SHALL BE GOVERNED BY THE LAWS OF THE STATE OF ILLINOIS
    WITHOUT REGARD TO THE PRINCIPLES OF CONFLICT OF LAWS THEREOF,
    EXCEPT TO THE EXTENT SUCH LAWS ARE PREEMPTED BY FEDERAL LAWS.
</DIV>
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    <BR>
    17
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