Phantom Equity Plan (2003)Full Document 

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                               PHANTOM EQUITY PLAN

                           (Effective January 1, 2000)


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                                TABLE OF CONTENTS

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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............................................ 5

Section 4 Participation in the Plan........................................ 5
       4.1    Eligibility for Participation................................ 5
       4.2    Plan Agreement............................................... 5

Section 5 Performance Cycle................................................ 6
       5.1    Determination of Performance Cycle........................... 6
       5.2    Normal Performance Cycle..................................... 6

Section 6 Phantom Share Grants............................................. 6
       6.1    Grants....................................................... 6
       6.2    Maximum Number of Phantom Shares and Initial Grant........... 6
       6.3    Establishment of Individual Phantom Share Accounts........... 7

Section 7 Vesting of Phantom Shares........................................ 7
       7.1    Normal Vesting Schedule...................................... 7
       7.2    Vesting in Other Circumstances............................... 7
       7.3    Termination for Cause........................................ 7

Section 8 Payments to Participants......................................... 8
       8.1    Value of Phantom Shares...................................... 8
       8.2    Payments to Participants - In General........................ 8
       8.3    Form of Payment.............................................. 8
       8.4    Use of Common Stock for Payment.............................. 8

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Section 9 Rights of Employees.............................................. 9

Section 10 Designation of Beneficiaries.................................... 9

Section 11 Changes in Accounting Rules..................................... 9

Section 12 Other Employee Benefits......................................... 9

Section 13 Plan Amendment, Modification and Termination....................10

Section 14 Setoff..........................................................10

Section 15 Plan Funding....................................................10

Section 16 Non-Assignability of Rights.....................................10

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....................................................11

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