WASTE MANAGEMENT, INC.
1993 STOCK INCENTIVE PLAN
(AS AMENDED AND RESTATED)
JULY 6, 1998
TABLE OF CONTENTS
i
PAGE
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ARTICLE I. GENERAL. . . . . . . . . . . . . . . . . . . . . . . . . . . . .1
Section 1.1. Purpose. . . . . . . . . . . . . . . . . . . . . . . . .1
Section 1.2. Administration . . . . . . . . . . . . . . . . . . . . .1
Section 1.3. Eligibility for Participation. . . . . . . . . . . . . .2
Section 1.4. Types of Awards Under Plan . . . . . . . . . . . . . . .2
Section 1.5. Aggregate Limitation on Awards . . . . . . . . . . . . .2
Section 1.6. Effective Date and Term of Plan. . . . . . . . . . . . .3
ARTICLE II. STOCK OPTIONS . . . . . . . . . . . . . . . . . . . . . . . . .4
Section 2.1. Award of Stock Options . . . . . . . . . . . . . . . . .4
Section 2.2. Stock Option Agreements. . . . . . . . . . . . . . . . .4
Section 2.3. Stock Option Price . . . . . . . . . . . . . . . . . . .4
Section 2.4. Term and Exercise. . . . . . . . . . . . . . . . . . . .4
Section 2.5. Manner of Payment. . . . . . . . . . . . . . . . . . . .4
Section 2.6. Delivery of Shares . . . . . . . . . . . . . . . . . . .5
Section 2.7. Death, Retirement and Termination of Employment of
Optionee . . . . . . . . . . . . . . . . . . . . . . . .5
Section 2.8. Tax Election . . . . . . . . . . . . . . . . . . . . . .5
Section 2.9. Effect of Exercise . . . . . . . . . . . . . . . . . . .6
ARTICLE III. INCENTIVE STOCK OPTIONS. . . . . . . . . . . . . . . . . . . .6
Section 3.1. Award of Incentive Stock Options . . . . . . . . . . . .6
Section 3.2. Incentive Stock Option Agreements. . . . . . . . . . . .6
Section 3.3. Incentive Stock Option Price . . . . . . . . . . . . . .6
Section 3.4. Term and