Document:

EXHIBIT 10.8
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              FORM OF OPTION AGREEMENT FOR GRANTS PURSUANT TO 2000
                  STOCK OPTION PLAN FOR NON-EMPLOYEE DIRECTORS

                             STOCK OPTION AGREEMENT
                                    UNDER THE
                          BIW Limited STOCK OPTION PLAN
                           FOR NON-EMPLOYEE DIRECTORS

     Pursuant to Article 7 of the BIW Limited Stock Option Plan for Non-Employee
Directors (the "Plan"), BIW Limited (the "Company"), this day of ___________
20____, (the "Grant Date"), hereby grants to __________________________
("Director") a non-qualified stock option to purchase an aggregate of
_____________________shares of the Common Stock of the Company at $ _____ per
share, on the terms and conditions hereinafter set forth and set forth in the
Plan. This option will expire at the Company's close of business on
________________, 20___, unless sooner terminated in accordance with the terms
of the Plan.

     1. The Company hereby grants to Director a non-qualified stock option (the
"Option") to purchase on or before the expiration date indicated above, at the
purchase price stated above, the number of shares of the Company's Common Stock
set forth above. No option granted under the Plan shall be exercised or will
vest unless and until the Plan is approved by the Company's shareholders and the
Connecticut Department of Public Utility Control.

     2. The term of this Option shall commence on the date of this Agreement and
shall terminate, unless sooner terminated by the terms of the Plan, at the close
of business on the day preceding the tenth anniversary of the date of this
Agreement as set forth above, if the Company is open for business on such day,
or the close of the Company's business on the next preceding day that the
Company is open for business. Unless the Option is terminated or the time of its
exercisability is accelerated in accordance with the Plan, the Option shall be
exercisable only to the extent of one-half of the number of shares of the Common
Stock to which it relates on or after the first anniversary of its Grant Date
set forth above and shall be exercisable to the extent of the remaining one-half
of such shares only on or after the second anniversary of the Grant Date, so
that the Option shall be exercisable in full only on or after the second
anniversary of the Grant Date. This Option shall become immediately exercisable
under the circumstances described in Section 7(b)(iv) of the Plan.

     3. This Option may be exercised, in whole or in part, by written
notification delivered in person or by mail to the Secretary of the Company at
its offices at 230 Beaver Street, Ansonia, Connecticut. Such notification shall
specify the number of shares with respect to which the Option is being exercised
and shall be accompanied by payment for such shares. The Secretary of the
Company will provide Director with a form of exercise notice upon request. The
Option may not be exercised with respect to a fractional share. Payment is to be
made by check payable to the order of the Company or by one of the alternative
methods of payment described in the Plan. No shares shall be sold or delivered
hereunder until full payment for such shares has been made and all checks
delivered in payment therefore have been collected. Director shall not have any
rights of a shareholder with respect to any Common Stock received upon exercise
of the Option until certificates for such Common Stock have been actually issued
to Director in accordance with the terms hereof.

     4. The Company shall not be required to issue or deliver any certificate or
certificates for shares of its Common Stock purchased upon the exercise of any
part of this Option prior to (i) the

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admission of such shares to listing on any stock exchange on which the stock may
then be listed, (ii) the completion of any registration or other qualification
of such shares under any applicable law, rule or regulation, (iii) the obtaining
of any consent or approval or other clearance from any governmental agency which
the Company determines to be necessary or advisable, and (iv) the payment to the
Company, upon its demand, of any amount requested by the Company for the purpose
of satisfying its liability, if any, to withhold federal, state or local income
or earnings tax or any other applicable tax or assessment (plus interest or
penalties thereon, if any, caused by a delay in making such payment) incurred by
reason of the exercise of this Option or the transfer of such shares thereupon.
The Option shall be exercised and shares of the Company's Common Stock issued
only upon compliance with the Securities Act of 1933, as amended (the "Act"),
and any other applicable securities laws, and Director agrees to comply with any
requirements imposed by the Committee. Because Director is an "affiliate" of the
Company (as that term is defined in Rule 144 promulgated under the Act, and
which generally includes directors), by accepting this Agreement, you agree that
you will dispose of the stock acquired upon exercise of the Option only in
compliance with Rule 144 or in such other manner as will not violate the Act and
the rules and regulations promulgated thereunder, and any other applicable
securities law.

     5. This Option is not transferable by Director otherwise than by will or by
the laws of descent and distribution or pursuant to a qualified domestic
relations order, as defined in the Code, and is exercisable, during Director's
life, only by Director or by Director's guardian or legal representative, unless
and to the extent transferability becomes permitted under the terms of the Plan.
Any attempted assignment, transfer, pledge, hypothecation or other disposition
of the Option contrary to the provisions hereof shall be null and void. This
Option does not confer upon Director any right with respect to continuation of
Director's service as a director of the Company or any of its subsidiaries, and
will not interfere in any way with the right of the Company's shareholders or
the shareholders of any of its Subsidiaries to terminate Director's service as a
director.

     6. Upon the termination of Director's service as a member of the Board of
Directors, the Director may exercise this Option, provided that it has vested,
to the full extent of the number of the shares of Common Stock remaining under
such Option, regardless of whether such Option was previously exercisable, in
accordance with the conditions of Article 12 of the Plan.

     7. This Option shall be irrevocable during the Option period and its
validity and construction shall be governed by the laws of the State of
Connecticut. The terms and conditions herein set forth are subject in all
respects to the terms and conditions of the Plan, which shall be controlling.
You agree to execute such other agreements, documents or assignments as may be
necessary to desirable to effect the purposes of this Agreement.

     8. The grant of this Option shall be binding and effective only if this
Agreement is executed by or on behalf of the Company and by you and a signed
copy is returned to the Company.

     9. All capitalized terms used in this Agreement which are not defined
herein shall have the meaning given to them in the Plan unless the context
clearly requires otherwise.

                                   BIW Limited

                                   By
                                      ----------------------------------
                                        John S. Tomac
                                   Its: President

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     I hereby acknowledge receipt of the Stock Option (the "Option") granted on
the date shown above, which has been issued to me under the terms and conditions
of BIW Limited Stock Option Plan for Non-Employee Directors. I agree to conform
to all of the terms and conditions of the Option and the Plan.

Date:
      ----------------
                                          Your Signature: ____________________

                                        3EXHIBIT 10.9
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    FORM OF OPTION AGREEMENT FOR GRANTS PURSUANT TO 1998 STOCK INCENTIVE PLAN

                                   BIW Limited

                            1998 STOCK INCENTIVE PLAN

                             INCENTIVE STOCK OPTION

                                   Granted to:

                                     Grantee

                                                       $
-----------------------                                ------------------------
Number of Option Shares                                Purchase Price Per Share

          Grant Date:

          Expiration Date:

     This incentive stock option is granted to you by BIW Limited, a Connecticut
Corporation (the "Company") upon the terms and conditions set forth below and
those contained in the Company's 1998 Stock Incentive Plan (the "Plan"). The
option is intended to constitute an incentive stock option under Section 422 of
the Internal Revenue Code of 1986, as amended (the "Code").

     1.   The Company hereby grants you an incentive stock option (the "Option")
          to purchase on or before the expiration date indicated above, at the
          purchase price stated above, the number of shares of the Common Stock
          of BIW Limited, no par value (the "Common Stock"), set forth above.

     2.   The term of this Option shall commence on the Grant Date and shall
          terminate, unless sooner terminated by the terms of the Plan, on the
          day preceding the tenth anniversary of the Grant Date as set forth
          above, if the Company is open for business on such day, or, if not,
          the close of the Company's business on the next preceding day that the
          Company is open for business. No stock may be purchased hereunder
          unless you remain in the continuous employ of the Company for six
          months following the Grant Date or such shorter period as may result
          from your death or disability. Thereafter, this Option may be
          exercised in the manner hereinafter set forth.

     3.   The Option may be exercised, in whole or in part, by written
          notification delivered in person or by mail to the Treasurer of the
          Company at its executive office in Ansonia, Connecticut. Such
          notification shall specify the number of shares with respect to which
          the Option is then being exercised and shall be accompanied by payment
          for such shares. The Treasurer of the Company will provide you with a
          form of exercise notice upon request. The Option may not be exercised
          with respect to a fractional share.

<PAGE>

          Payment is to be made by check payable to the order of the Company or
          by one of the alternative methods of payment described in the Plan. No
          shares shall be sold or delivered hereunder until full payment for
          such shares has been made and all checks delivered in payment therefor
          have been collected. You shall not have any rights of a shareholder
          with respect to any Common Stock received upon exercise of the Option
          until a certificate or certificates for such Common Stock have been
          actually issued to you in accordance with the terms hereof.

     4.   The Company shall not be required to issue or deliver any certificate
          or certificates for shares of its Common Stock purchased upon the
          exercise of any part of this Option prior to (i) the
          admission of such shares to listing on any stock exchange on which the
          stock may then be listed, (ii) the completion of any registration or
          other qualification of such shares under any applicable law, (iii) the
          obtaining of any consent or approval or other clearance from any
          governmental agency which the Company determines to be necessary or
          advisable, and (iv) the payment to the Company, upon its demand, of
          any amount requested by the Company for the purpose of satisfying its
          liability, if any, to withhold federal, state or local income or
          earnings tax or any other applicable tax or assessment (plus interest
          or penalties thereon, if any, caused by a delay in making such
          payment) ("Withholding Taxes") incurred by reason of the exercise of
          this Option or the transfer of such shares thereupon. The Option shall
          be exercised and shares of the Company's Common Stock issued only upon
          compliance with the Securities Act of 1933, as amended (the "Act"),
          and any other applicable securities laws, and you agree to comply with
          any requirements imposed by the Company's Personnel and Pension
          Committee under such laws. If you are an "affiliate" of the Company
          (as that term is defined in Rule 144 promulgated under the Act, and
          which generally includes executive officers and directors), by
          accepting this Agreement, you agree that you will dispose of the stock
          acquired upon exercise of the Option only in compliance with Rule 144
          or in such other manner as will not violate the Act and the rules and
          regulations promulgated thereunder, and any other applicable
          securities law.

     5.   This Option is not transferable by you otherwise than by will or by
          the laws of descent and distribution, and is exercisable, during your
          life, only by you or by your guardian or legal representative. Any
          attempted assignment, transfer, pledge, hypothecation or other
          disposition of the Option contrary to the provisions hereof shall be
          null and void. This Option does not confer upon you any right with
          respect to continuation of employment with the Company, and will not
          interfere in any way with the right of the Company to terminate your
          employment, with or without cause.

     6.   Notwithstanding any other provisions hereof, an Option which has not
          expired shall terminate at the time of your death or the termination
          of your employment with the Company, and no shares may thereafter be
          delivered pursuant to an Option, except that, subject to the condition
          that an Option may not be exercised in whole or in part after the
          Expiration Date, an Option may nevertheless be exercised as follows:

          (i)  Upon the termination of your employment due to Retirement, you
               may, within a period of three months from the date of such
               termination, purchase some or all of the Shares covered by the
               Option which were exercisable under the Plan immediately prior to
               such termination;

          (ii) Upon the termination of your employment due to Disability you
               may, within a period of one year from the date of such
               termination, purchase

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<PAGE>

               some or all of the Shares covered by the Option which was
               exercisable under the Plan immediately prior to such termination;

          (iii) Upon the termination of your employment for any reason other
               than (A) those set forth in clauses (i) or (ii) above, or (B) on
               account of any act of (I) fraud or intentional misrepresentation,
               or (II) embezzlement, misappropriation or conversion of the
               Company's assets or opportunities (in which case the Option shall
               automatically terminate as of the date your employment is
               terminated), you may, within a period of three months from the
               date of such termination, purchase some or all of the shares
               covered by the Option which was exercisable under the Plan
               immediately prior to such termination;

          (iv) Upon your death while in active service or during the applicable
               period set forth in clause (i) or (ii) above, the person or
               persons to whom your rights under the Option are transferred by
               will or the laws of descent and distribution may, within twelve
               months after your death, purchase some or all of the shares
               covered by the Option which were exercisable under the Plan on
               the date of your death;

          (v)  In the event that clause (i) above applies and you do not
               exercise an Option within the required three month period, upon
               termination of your employment due to retirement, you may, within
               a period of twelve months after the date of such termination,
               purchase some or all of the shares covered by the Option which
               was exercisable under the Plan immediately prior to such
               termination, but such Option shall, to the extent exercised
               pursuant to this clause, no longer be eligible for treatment
               afforded Incentive Stock Options under Section 422 of the Code;
               and

          (vi) In the event that clause (ii) above applies and you do not
               exercise an Option within the required one year period, upon
               termination of your employment due to disability, you may, within
               a period of three years after the date of such termination,
               purchase some or all of the shares covered by the Option which
               was exercisable under the Plan immediately prior to such
               termination, but such Option shall, to the extent exercised
               pursuant to this clause, no longer be eligible for treatment
               afforded Incentive Stock Options under Section 422 of the Code.

     7.   By accepting this Agreement, you agree that in the event you dispose
          (whether by sale, exchange, gift or similar transfer) of any shares of
          Common Stock of the Company acquired pursuant hereto within two years
          of the Grant Date or within one year after the acquisition of such
          shares pursuant hereto, you will notify the Treasurer of the Company
          no later than fifteen (15) days from the date of such disposition of
          the date or dates and the number of shares disposed of by you and the
          consideration received, if any, and, upon notification from the
          Company, promptly forward to the Secretary of the Company and any
          amount requested by the Company for Withholding Taxes; and you
          represent and agree that as of the Grant Date, you do not own or would
          be deemed in accordance with Section 422 of the Code to own shares
          possessing more than ten percent of the total combined voting power of
          all classes of stock of the Company.

     8.   This Option shall be irrevocable during the Option period, and its
          validity and construction shall be governed by the laws of the State
          of Connecticut. The terms and

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<PAGE>

          conditions herein set forth are subject in all respects to the terms
          and conditions of the Plan, which shall be controlling. You agree to
          execute such other agreements, documents or assignments as may be
          necessary or desirable to effect the purposes of this Agreement.

     9.   The Grant of this Option shall be binding and effective only if this
          Agreement is executed by or on behalf of the Company and by you and a
          signed copy is returned to the Company.

     10.  All capitalized terms used in this Agreement which are not defined
          herein shall have the meaning given to them in the Plan unless the
          context clearly requires otherwise.

                                   BIW LIMITED

                                   By ___________________________
                                             Its President

                                        4
<PAGE>

     I hereby acknowledge receipt of the Incentive Stock Option (the "Option")
granted on the Grant Date shown above, which has been issued to me under the
terms and conditions of the BIW Limited 1998 Stock Incentive Plan (the "Plan").
I agree to conform to all of the terms and conditions of the Option and Plan.

     Date: ____________________           Your Signature: ______________________

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