Exhibit 10.2
LNB BANCORP, INC.
Non-Qualified Stock Option Agreement
Granted Under 2006 Stock Incentive Plan
          Grant of Option.
     This agreement evidences the grant by LNB Bancorp, Inc., an Ohio
corporation (the “Company”), on ___, 20___(the “Grant Date”) to ___, an
[employee] of the Company (the “Participant”), of an option to purchase, in
whole or in part, on the terms provided herein and in the Company’s 2006 Stock
Incentive Plan (the “Plan”), a total of                    common shares (the
“Shares”), $1.00 par value per share, of the Company (“Common Shares”) at
$           per Share. Unless earlier terminated, this option shall expire at
5:00 p.m., Eastern time, on ___(the “Final Exercise Date”). Capitalized terms
used and not otherwise defined herein shall have the meanings ascribed to them
in the Plan.
     It is intended that the option evidenced by this agreement shall be a
Non-Qualified Stock Option. Except as otherwise indicated by the context, the
term “Participant,” as used in this option, shall be deemed to include any
person who acquires the right to exercise this option validly under its terms.
          Vesting Schedule.
     This option will become exercisable (“vest”) as to [one-third] of the
original number of Shares on the first anniversary of the Grant Date and as to
an additional [one-third] of the original number of Shares on each successive
anniversary following the first anniversary of the Grant Date until the [third]
anniversary of the Grant Date.
     The right of exercise shall be cumulative so that to the extent the option
is not exercised in any period to the maximum extent permissible it shall
continue to be exercisable, in whole or in part, with respect to all Shares for
which it is vested until the earlier of the Final Exercise Date or the
termination of this option under Section 3 hereof or the Plan.
          Exercise of Option.
     Form of Exercise. Each election to exercise this option shall be in
writing, signed by the Participant, and received by the Company at its principal
office, accompanied by this agreement, and payment in full in the manner
provided in the Plan. The Participant may purchase less than the number of
shares covered hereby, provided that no partial exercise of this option may be
for any fractional share.
     Continuous Relationship with the Company Required. Except as otherwise
provided in this Section 3, this option may not be exercised unless the
Participant, at the time he or she exercises this option, is, and has been at
all times since the Grant Date, an [employee] of the Company or any other entity
the employees, officers, directors,

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     consultants, or advisors of which are eligible to receive option grants
under the Plan (an “Eligible Participant”).
     Termination of Relationship with the Company. If the Participant ceases to
be an Eligible Participant for any reason, then, except as provided in
paragraphs (d) and (e) below, the right to exercise this option shall terminate
60 days after such cessation (but in no event after the Final Exercise Date),
provided that this option shall be exercisable only to the extent that the
Participant was entitled to exercise this option on the date of such cessation.
     Exercise Period Upon Death or Disability. If the Participant dies or
becomes disabled (within the meaning of Section 22(e)(3) of the Code) prior to
the Final Exercise Date while he or she is an Eligible Participant and the
Company has not terminated such relationship for “cause” as specified in
paragraph (e) below, this option shall be exercisable, within the period of one
year following the date of death or disability of the Participant, by the
Participant (or in the case of death by an authorized transferee), provided that
this option shall be exercisable only to the extent that this option was
exercisable by the Participant on the date of his or her death or disability,
and further provided that this option shall not be exercisable after the Final
Exercise Date.
     Discharge for Cause. If the Participant, prior to the Final Exercise Date,
is discharged by the Company for “Cause” (as defined below), the right to
exercise this option shall terminate immediately upon the effective date of such
discharge. “Cause” shall mean (i) the Participant’s commission of any act
constituting a felony or a crime involving moral turpitude; (ii) breach by the
Participant of any non-competition, non-solicitation or confidentiality
obligation to the Company; (iii) any act of the Participant involving
embezzlement or fraud against the Company or any Affiliate; or (iv) any act of
the Participant involving operational wrongdoing relating to the Company or any
Affiliate. Whether “Cause” exists shall be determined by the Committee in its
sole and exclusive discretion. The Participant shall be considered to have been
discharged for “Cause” if the Company determines, within 30 days after the
Participant’s resignation, that discharge for Cause was warranted.
Withholding.

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     No Shares will be issued pursuant to the exercise of this option unless and
until the Participant pays to the Company, or makes provision satisfactory to
the Company for payment of, any federal, state or local withholding taxes
required by law to be withheld in respect of this option.
          Nontransferability of Option.
     This option may not be sold, assigned, transferred, pledged or otherwise
encumbered by the Participant, either voluntarily or by operation of law, except
in accordance with the terms of the Plan. During the lifetime of the
Participant, this option shall be exercisable only by the Participant.
          Code Section 409A.
     It is intended that this option and the compensation and benefits hereunder
either be exempt from, or comply with, Code Section 409A, and this option shall
be so construed and administered. In the event that the Company reasonably
determines that any compensation or benefits payable under this option may be
subject to taxation under Section 409A, the Company, after consultation with the
Participant, shall have the authority to adopt, prospectively or retroactively,
such amendments to this option or to take any other actions it determines
necessary or appropriate to (i) exempt the compensation and benefits payable
under this option from Section 409A or (ii) comply with the requirements of
Section 409A. In no event, however, shall this section or any other provisions
of this option be construed to require the Company to provide any gross-up for
the tax consequences of any provisions of, or payments under, this option and
the Company shall have no responsibility for tax consequences to the Participant
(or his or her beneficiary) resulting from the terms or operation of this
option.
          Provisions of the Plan.
     This option is subject to the provisions of the Plan, a copy of which is
furnished to the Participant with this option.
     IN WITNESS WHEREOF, the Company has caused this option to be executed by
its duly authorized officer.

             
 
  LNB BANCORP, INC.    
 
           
Dated:                     
  By:        
 
           
 
           

 
  Name:        
 
           
 
  Title:        
 
           

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PARTICIPANT’S ACCEPTANCE
     The undersigned hereby accepts the foregoing option and agrees to the terms
and conditions thereof. The undersigned hereby acknowledges receipt of a copy of
the Company’s 2006 Stock Incentive Plan.

             
 
      PARTICIPANT:    
 
           
 
           
 
  Address:        
 
           
 
           
 
           

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