Phantom Equity Plan (2003)Full Document 

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                               PHANTOM EQUITY PLAN

                           (Effective January 1, 2000
                    As Amended and Restated October 22, 2003)

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                                TABLE OF CONTENTS

                                                                            Page

Section 1 Introduction .....................................................   1
      1.1 Establishment ....................................................   1
      1.2 Purposes .........................................................   1
      1.3 General Plan Description .........................................   1
Section 2 Definitions ......................................................   1
      2.1 Definitions ......................................................   1
      2.2 Gender and Number ................................................   5
Section 3 Plan Administration ..............................................   5
      3.1 Administration by the PEC ........................................   5
      3.2 Adoption of Rules ................................................   6
Section 4 Participation in the Plan ........................................   6
      4.1 Eligibility for Participation ....................................   6
      4.2 Plan Agreement ...................................................   6
Section 5 Performance Cycle ................................................   6
      5.1 Determination of Performance Cycle ...............................   6
      5.2 Normal Performance Cycle .........................................   6
Section 6 Phantom Share Grants .............................................   7
      6.1 Grants ...........................................................   7
      6.2 Maximum Number of Phantom Shares and Initial Grant ...............   7
      6.3 Establishment of Individual Phantom Share Accounts ...............   7
Section 7 Vesting of Phantom Shares ........................................   8
      7.1 Normal Vesting Schedule ..........................................   8
      7.2 Vesting in Other Circumstances ...................................   8
      7.3 Termination for Cause ............................................   8
Section 8 Payments to Participants .........................................   8
      8.1 Value of Phantom Shares ..........................................   8
      8.2 Payments to Participants-In General ..............................   9
      8.3 Form of Payment ..................................................   9
      8.4 Use of Common Stock for Payment ..................................   9




Section 9  Rights of Employees ..............................................  9
Section 10 Designation of Beneficiaries ..................................... 10
Section 11 Changes in Accounting Rules ...................................... 10
Section 12 Other Employee Benefits .......................................... 10
Section 13 Plan Amendment, Modification and Termination ..................... 10
Section 14 Setoff ........................................................... 11
Section 15 Plan Funding ..................................................... 11
Section 16 Non-Assignability of Rights ...................................... 11
Section 17 Withholding Taxes ................................................ 11
Section 18 Requirements of Law .............................................. 11
     18.1  Requirements of Law .............................................. 11
     18.2  Governing Law .................................................... 11
Section 19 Severability ..................................................... 12


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