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Exhibit 10.1 HearUSA, Inc. FORM OF 2002 FLEXIBLE STOCK PLAN
OPTION AGREEMENT THIS AGREEMENTis made as of , between HearUSA, Inc., a
Delaware corporation (the Company), and  (the
Optionee). WITNESSETH: WHEREAS, in accordance with the HearUSA, Inc. 2002 Flexible Stock Plan
(the Plan), the Company desires, in connection with the employment of the
Optionee, to provide the Optionee with an opportunity to acquire shares of
Company Common Stock, par value $.10 per share (the Common Stock); thereby
providing additional incentive for the Optionee to promote the progress and
success of the Company and its affiliates; NOW, THEREFORE, in consideration of the premises, the Company and the
Optionee agree as follows: 1. Grant of Option. Pursuant to a determination by the Committee,
subject to the terms and provisions of the Plan and this Agreement, the Company
hereby grants Optionee the right and option (the Option) to purchase all or
any part of an aggregate of shares of Common Stock. 2. Grant Date. The Grant Date of the Option is . 3. Incorporation of Plan. The terms, definitions and provisions of
the Plan are incorporated by reference herein and shall control in any conflict
between the terms, definitions and provisions of the Plan and of this
Agreement. All capitalized terms not otherwise defined herein shall have the
meaning given to such terms in the Plan. 4. Exercise Price. The Exercise price of each share underlying the
Option is . 5. Term of Option. The Option shall expire  years from the
Date of Grant; subject to earlier termination as follows: . 6. Vesting Date. The Option shall become vested and shall be
exercisable as follows: . 7. Withholding Taxes. The Optionee agrees, as a condition to the
grant of the Option, that, if applicable, the Company or any affiliate may
deduct from any payments




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to the Optionee the aggregate amount of Federal, state
or local taxes required to be withheld by law with respect to the exercise of
the Option, or, if no such payments are due or to become due to the Optionee,
that the Optionee will make arrangements satisfactory to the Company regarding
payment to the Company or affiliate of, the aggregate amount of any such taxes. 9. Non-Transferability of Option. The Option may not be sold,
pledged, assigned, hypothecated, transferred or disposed of in any manner other
than by will or the laws of descent and distribution and may be exercised
during the lifetime of the Optionee only by the Optionee or by the guardian or
legal representative of the Optionee, in the case of the Optionees disability. 10. Benefits of Agreement. This Agreement shall inure to the
benefit of and, except as otherwise provided herein, shall be binding upon each
successor of the Company. All obligations imposed upon the Optionee and all
rights granted to the Company under this Agreement shall be binding upon the
Optionees heirs, legal representatives and successors. This Agreement
shall be the sole and exclusive source of any and all rights which the
Optionee, the Optionees heirs, legal representatives or successors have with
respect to the Plan and the Option. Nothing contained herein shall confer upon
the Optionee any right with respect to continuance of Optionees employment or
limit (absent any other agreement to the contrary) in any way whatsoever the
right of the Company to terminate the Optionees employment at anytime for any
reason whatsoever. 11. Governing Law. This Agreement shall be governed by the laws of
the State of Delaware, without regard to the provisions governing conflict of
laws. 12. Optionee Acknowledgement. The Optionee acknowledges receipt of
a copy of the Plan, and acknowledges all decisions, determinations and
interpretations of the Committee in respect of the Plan, the Agreement and the
Option shall be final and conclusive. 2




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IN WITNESS WHEREOF, this Agreement has been executed as of the date first
written above. HearUSA, Inc.By:Title:Optionee
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