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Agreement and Plan of Merger

Table of Contents


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ARTICLE I THE MERGER			1

	Section 1.1	The Merger	1
	Section 1.2	Effective Time	1
	Section 1.3	Effects of the Merger	2
	Section 1.4	Charter and Bylaws; Directors and Officers	2
	Section 1.5	Conversion of Securities	2
	Section 1.6	Parent to Make Cash Available	4
	Section 1.7	Return of Exchange Fund	5
	Section 1.8	No Further Ownership Rights in Company Stock	6
	Section 1.9	Closing of Company Transfer Books	6
	Section 1.10	Lost Certificates	6
	Section 1.11	Further Assurances	6
	Section 1.12	Closing	6

ARTICLE II REPRESENTATIONS AND WARRANTIES OF PARENT AND SUB			7

	Section 2.1	Organization, Standing and Power	7
	Section 2.2	Authority	7
	Section 2.3	Consents and Approvals; No Violation	7
	Section 2.4	Company Proxy Statement	8
	Section 2.5	Actions and Proceedings	8
	Section 2.6	No Required Vote of Parent Shareholders	9
	Section 2.7	Brokers	9
	Section 2.8	Operations of Sub	9
	Section 2.9	Sufficient Funding	9

ARTICLE III REPRESENTATIONS AND WARRANTIES OF THE COMPANY			9

	Section 3.1	Organization, Standing and Power	9
	Section 3.2	Capital Structure	9
	Section 3.3	Authority	11
	Section 3.4	Consents and Approvals; No Violation	12
	Section 3.5	SEC Documents and Other Reports	12
	Section 3.6	Company Proxy Statement	14
	Section 3.7	Absence of Certain Changes or Events	14
	Section 3.8	Permits and Compliance	15
	Section 3.9	Tax Matters	15


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	Section 3.10	Orders and Actions	17
	Section 3.11	Employee Benefits	18
	Section 3.12	Labor Matters	22
	Section 3.13	Opinion of Financial Advisor	23
	Section 3.14	Required Vote of Company Stockholders	23
	Section 3.15	Intellectual Property	23
	Section 3.16	Environmental	25
	Section 3.17	Material Contracts	26
	Section 3.18	Properties	28
	Section 3.19	Antitakeover Statutes and Rights Agreement	29
	Section 3.20	Affiliate Transactions	29
	Section 3.21	No Undisclosed Material Liabilities	29
	Section 3.22	Foreign Operations and Export Control	30
	Section 3.23	Insurance	30
	Section 3.24	Brokers	30

ARTICLE IV COVENANTS RELATING TO CONDUCT OF BUSINESS			31

	Section 4.1	Conduct of Business Pending the Merger	31
	Section 4.2	No Solicitation	34

ARTICLE V ADDITIONAL AGREEMENTS			36

	Section 5.1	Stockholder Meeting	36
	Section 5.2	Stockholder Litigation	36
	Section 5.3	Access to Information	36
	Section 5.4	Fees and Expenses	37
	Section 5.5	Company Stock Plans	38
	Section 5.6	Reasonable Best Efforts	38
	Section 5.7	Public Announcements	39
	Section 5.8	State Takeover Laws	39
	Section 5.9	Indemnification; Directors and Officers Insurance	39
	Section 5.10	Notification of Certain Matters	41
	Section 5.11	Employee Benefit Plans and Agreements	41
	Section 5.12	De-Listing and De-Registration	42
	Section 5.13	Treatment of Nonbusiness Assets	42

ARTICLE VI CONDITIONS PRECEDENT TO THE MERGER			43

	Section 6.1	Conditions to Each Partys Obligation to Effect the Merger	43
	Section 6.2	Additional Conditions to Obligation of the Company to Effect the Merger	43
	Section 6.3	Additional Conditions to Obligations of Parent and Sub to Effect the Merger	43

ARTICLE VII TERMINATION, AMENDMENT AND WAIVER			44

	Section 7.1	Termination	44
	Section 7.2	Effect of Termination	46
	Section 7.3

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