CONCORD CAMERA CORP.
(Composite Conformed Copy, as amended through April 24, 2000)
(Where appropriate, numbers have been adjusted for the March 27, 2000 stock split)
The purpose of the Concord Camera Corp. Long-Term Incentive Plan (the "Plan") is to attract and retain and
provide incentives to employees, officers, directors and consultants of the Corporation, and to thereby increase
overall shareholders' value. The Plan generally provides for the granting of stock, stock options, stock
appreciation rights, restricted shares or any combination of the foregoing to the eligible participants.
(a) "Award" includes, without limitation, stock options (including incentive stock options within the meaning of
Section 422(b) of the Code) with or without stock appreciation rights, dividend equivalent rights, stock awards,
restricted share awards, or other awards that are valued in whole or in part by reference to, or are otherwise
based on, the Common Stock ("other Common Stock-based Awards"), all on a stand alone, combination or
tandem basis, as described in or granted under this Plan.
(b) "Award Agreement" means a written agreement setting forth the terms and conditions of each Award made
under this Plan.
(c) "Board" means the Board of Directors of the Corporation.
(d) "Code" means the Internal Revenue Code of 1986, as amended from time to time.
(e) "Committee" means the Compensation Committee of the Board or such other committee of the Board as may
be designated by the Board from time to time to administer this Plan the members of which shall consist solely of
members of the Board who are "disinterested persons" within the meaning of Rule 16b-3 of the Exchange Act
and are "outside directors" for purposes of Code Section 162(m)(4)(C) of the Code.
(f) "Common Stock" means the no par value common stock of the Corporation.
(g) "Corporation" means Concord Camera Corp., a New Jersey corporation.
(h) "Employee" means an employee of t