Document:

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                                                                    Exhibit 10.7

                                     FORM OF
                       PERFORMANCE BASED OPTION AGREEMENT

CompBenefits Corporation
100 Mansell Court East, Suite 400
Roswell, Georgia 30076

<<date>>

<<name>>
<<address>>
<<citystatezip>>

     Re:  CompBenefits Corporation -- Grant of Nonqualified Stock Option

Dear <<name>>:

     CompBenefits Corporation is pleased to advise you that on <<date>> (the
"Grant Date") its Board of Directors granted to you a stock option (an
"Option"), as provided below, under the CompBenefits Corporation Stock Option
Plan (the "Plan"), a copy of which is attached hereto.

     1. Definitions. For the purposes of this Agreement, the following terms
shall have the meanings set forth below:

          "Board" means the Board of Directors of the Company.

          "Code" means the Internal Revenue Code of 1986, as amended, and any
successor statute.

          "Committee" means the Stock Option Committee, or such other committee
of the Board which may be designated by the Board to administer the Plan. The
Committee shall be composed of two or more directors as appointed from time to
time to serve by the Board. If a committee of the Board has not been designated
by the Board to administer the Plan, all references herein the Committee shall
be deemed to be references to the Board.

          "Common Stock" means the Company's Common Stock, par value $.01 per
share, or, in the event that the outstanding Common Stock is hereafter changed
into or exchanged for different stock or securities of the Company, such other
stock or securities.

          "Company" means CompBenefits Corporation, a Delaware corporation.

          "Disability" means your inability, due to illness, accident, injury,
physical or mental incapacity or other disability, to carry out effectively your
duties and obligations to the Company and its subsidiaries for a period of at
least 90 consecutive days or for shorter periods

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aggregating at least 120 days (whether or not consecutive) during any
twelve-month period, as determined in the good faith judgment of the Board.

          "Fair Market Value" of the Common Stock shall be determined by the
Committee in good faith.

          "Option Shares" means (i) all shares of Common Stock issued or
issuable upon the exercise of the Option and (ii) all shares of Common Stock
issued with respect to the Common Stock referred to in clause (i) above by way
of stock dividend or stock split or in connection with any conversion, merger,
consolidation or recapitalization or other reorganization affecting the Common
Stock. Option Shares will continue to be Option Shares in the hands of any
holder other than you (except for the Company, purchasers pursuant to a public
offering under the Securities Act and purchasers through a broker, dealer or
market maker pursuant to Rule 144 under the Securities Act), and each such
transferee thereof will succeed to the rights and obligations of a holder of
Option Shares hereunder.

          "Sale of the Company" means the sale to a third party or affiliated
group of third parties of (i) capital stock of the Company possessing the voting
power to elect a majority of the Company's board of directors (whether by
merger, consolidation or sale or transfer of the Company's capital stock) or
(ii) all or substantially all of the Company's assets determined on a
consolidated basis; provided that in any event, the term "Sale of the Company"
shall not include an offering of securities to the public.

          "Securities Act" means the Securities Act of 1933, as amended, and any
successor statute.

     2. Option.

          (a) Terms. Your Option is for the purchase up to <<options>> shares of
Common Stock (the "Option Shares") at an option price per share of
$<<exerciseprice>> (the "Exercise Price"), payable upon exercise as set forth in
Section 2(b) below. Your Option will expire at the close of business on
<<expirationdate>> (the "Expiration Date"), subject to earlier expiration in
connection with the termination of your employment as provided in Section 4(b)
below. Your Option is not intended to be an "incentive stock option" within the
meaning of Section 422 of the Code.

          (b) Payment of Option Price. Subject to Section 3 below, your Option
may be exercised in whole or in part upon payment of an amount (the "Option
Price") equal to the product of (i) the Exercise Price multiplied by (ii) the
number of Option Shares to be acquired. Payment shall be made in cash (including
check, bank draft or money order).

     3. Exercisability/Vesting.

          (a) Vesting Schedule. Your Option may be exercised only to the extent
it has vested. Except as otherwise provided in Section 3(c) below, your Option
will vest and become exercisable according to Schedule I attached hereto.

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          (b) Effect on Vesting in Case of Employment Termination. Unless
otherwise determined by the Committee, if your employment terminates for reasons
other than discharge for Cause or voluntary resignation, your Option will be
vested and fully exercisable with respect to that portion of your Option that
was vested and exercisable on the date your employment with the Company or its
subsidiaries ceased and any portion of your Option that was not vested and
exercisable on such date will expire and be forfeited. If you resign or are
discharged for Cause, all of your Option not previously exercised will expire
and be forfeited whether exercisable or not. "Cause" means any of the following:
(i) theft or embezzlement, or attempted theft or embezzlement, of money or
property of the Company or any subsidiary, perpetration or attempted
perpetration of fraud, or participation in a fraud or attempted fraud, on the
Company or any subsidiary or unauthorized appropriation of, or attempt to
misappropriate, any tangible or intangible assets or property of the Company or
any subsidiary, (ii) any act or acts of disloyalty, misconduct or moral
turpitude injurious to the interest, property, operations, business or
reputation of the Company or any subsidiary or conviction of a crime the
commission of which results in injury to the Company or any subsidiary or (iii)
failure or inability (other than by reason of Disability) to carry out
effectively your duties and obligations to the Company and its subsidiaries or
to participate effectively and actively in the management of the Company and its
subsidiaries, as determined in the reasonable judgment of the Board.

     4. Expiration of Option.

          (a) Normal Expiration. In no event shall any part of your Option be
exercisable after the Expiration Date set forth in Section 2(a) above.

          (b) Early Expiration Upon Termination of Employment. Any portion of
your Option that was not vested and exercisable on the date your employment with
the Company and its subsidiaries terminated (for any reason whatsoever) will
expire and be forfeited on such date, and any portion of your Option that was
vested and exercisable on the date your employment with the Company and its
subsidiaries terminated (for any reason whatsoever) will also expire and be
forfeited on such date; provided, however, that: (i) if your employment with the
Company and its subsidiaries is terminated as a result of your death or
Disability, the portion of your Option that is vested and exercisable will
expire 90 days from the date of your death or Disability, but in no event after
the Expiration Date, (ii) if you retire (with the approval of the Committee or
the Board), the portion of your Option that is vested and exercisable will
expire 90 days from the date of your retirement, but in no event after the
Expiration Date and (iii) if you are discharged by the Company or any subsidiary
for any reason other than for Cause, the portion of your Option that is vested
and exercisable will expire 30 days from the date of your discharge, but in no
event after the Expiration Date.

     5. Procedure for Exercise. You may exercise all or any portion of your
Option, to the extent it has vested and is outstanding, at any time and from
time to time prior to its expiration, by delivering written notice to the
Company (to the attention of the Company's Secretary) and your written
acknowledgment that you have read and have been afforded an opportunity to ask
questions of management of the Company regarding all financial and other

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information provided to you regarding the Company, together with payment of the
Option Price in accordance with the provisions of Section 2(b) above. As a
condition to any exercise of your Option, you will permit the Company to deliver
to you all financial and other information regarding the Company it believes
necessary to enable you to make an informed investment decision, and you will
make all customary investment representations which the Company requires.

     6. Securities Laws Restrictions and Other Restrictions on Transfer of
Option Shares. You represent that when you exercise your Option you will be
purchasing Option Shares for your own account and not on behalf of others. You
understand and acknowledge that federal and state securities laws govern and
restrict your right to offer, sell or otherwise dispose of any Option Shares
unless your offer, sale or other disposition thereof is registered under the
Securities Act and state securities laws, or in the opinion of the Company's
counsel, such offer, sale or other disposition is exempt from registration or
qualification thereunder. You agree that you will not offer, sell or otherwise
dispose of any Option Shares in any manner which would: (i) require the Company
to file any registration statement with the Securities and Exchange Commission
(or any similar filing under state law) or to amend or supplement any such
filing or (ii) violate or cause the Company to violate the Securities Act, the
rules and regulations promulgated thereunder or any other state or federal law,
or (iii) violate any agreement between yourself and the Company, including this
letter. You further understand that the certificates for any Option Shares you
purchase will bear such legends as the Company deems necessary or desirable in
connection with the Securities Act or other rules, regulations or laws.

     7. Non-Transferability of Option. Your Option is personal to you and is not
transferable by you other than by will or the laws of descent and distribution.
During your lifetime only you (or your guardian or legal representative) may
exercise your Option. In the event of your death, your Option may be exercised
only (i) by the executor or administrator of your estate or the person or
persons to whom your rights under the Option shall pass by will or the laws of
descent and distribution and (ii) to the extent that you were entitled hereunder
at the date of your death.

     8. Conformity with Plan. Your Option is intended to conform in all respects
with, and is subject to all applicable provisions of, the Plan, which is
incorporated herein by reference. Inconsistencies between this Agreement and the
Plan shall be resolved in accordance with the terms of the Plan. By executing
and returning the enclosed copy of this Agreement, you acknowledge your receipt
of this Agreement and the Plan and agree to be bound by all of the terms of this
Agreement and the Plan.

     9. Rights of Participants. Nothing in this Agreement shall interfere with
or limit in any way the right of the Company and its subsidiaries to terminate
your employment at anytime (with or without Cause), nor confer upon you any
right to continue in the employ of the Company or any subsidiary for any period
of time or to continue your present (or any other) rate of compensation, and in
the event of your termination of employment (including, but not limited to, your
termination of employment by the Company or its subsidiaries without Cause) any

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portion of your Option that was not previously vested and exercisable will be
forfeited. Nothing in this Agreement shall confer upon you any right to be
selected again as a Plan participant.

     10. Withholding of Taxes. The Company shall be entitled, if necessary or
desirable, to withhold from you from any amounts due and payable by the Company
to you (or secure payment from you in lieu of withholding) the amount of any
withholding or other tax due from the Company with respect to any Option Shares
issuable under this Plan, and the Company may defer such issuance unless
indemnified by you to its satisfaction.

     11. Adjustments. In the event of a reorganization, recapitalization, stock
dividend or stock split, or combination or other change in the shares of Common
Stock, the Board or the Committee may, in order to prevent the dilution or
enlargement of rights under your Option, make such adjustments in the number and
type of shares authorized by the Plan, the number and type of shares covered by
your Option and the Exercise Price specified herein as may be determined to be
appropriate and equitable. The issuance by the Company of shares of stock of any
class, or options or securities exercisable or convertible into shares of stock
of any class, for cash or property, or for labor or services either upon direct
sale, or upon the exercise of rights or warrants to subscribe therefor, or upon
exercise or conversion of other securities, shall not affect, and no adjustment
by reason thereof shall be made with respect to, the number or price of shares
of Common Stock then subject to any Options.

     12. Right to Purchase Option Shares Upon Your Termination of Employment.

          (a) Repurchase of Option Shares. If your employment with the Company
or any subsidiary shall terminate for any reason whatsoever other than your
death or Disability, including your resignation or termination (the date on
which such termination occurs being referred to as the "Termination Date"), then
the Company shall have the option to repurchase all or any part of the Option
Shares issued or issuable upon exercise of your Option, whether held by you or
by one or more of your transferees, at the price determined in accordance with
the provisions of Section 12(c) hereof (the "Repurchase Option"). The Company
may elect to purchase all or any portion of the Option Shares by delivery of
written notice (the "Repurchase Notice") to you or any other holders of the
Option Shares within six months after the Termination Date. The Repurchase
Notice shall set forth the number of Option Shares to be acquired from you and
such other holder(s), the aggregate consideration to be paid for such shares and
the time and place for the closing of the transaction.

          (b) Closing of Repurchase of Option Shares. The purchase of Option
Shares pursuant to this Section 12 will be closed at the Company's executive
offices within 20 days after the delivery of the Repurchase Notice. At the
closing, the Company shall pay the purchase price in the manner specified in
Section 12(c) and you and any other holders of Option Shares being purchased
shall deliver the certificate or certificates representing such shares to the
Company accompanied by duly executed stock powers. The Company shall be entitled
to receive customary representations and warranties from you and any other
selling holders of Option Shares regarding the sale of such shares (including
representations and warranties regarding good title to such shares, free and
clear of any liens or encumbrances).

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          (c) Purchase Price for Option Shares. The purchase price per share to
be paid for the Option Shares purchased by the Company pursuant to Section 12
shall be equal to the Fair Market Value of such Option Shares as of the
Termination Date [or the Option Exercise Price of such shares, if greater]. If
the Company elects to purchase all or any part of the Option Shares, including
Option Shares held by one or more transferees, the Company shall pay for such
shares by certified check or wire transfer of funds.

     13. Restrictions on Transfer. Until the fifth anniversary of the date
hereof, you will not sell, pledge or otherwise transfer any interest in any
Option Shares except pursuant to the provisions of Section 12 or 15 hereof
("Exempt Transfers"). From and after the fifth anniversary of the date hereof,
you may sell, pledge or otherwise transfer any interest in any Option Shares in
an Exempt Transfer or pursuant to the remaining provisions of this Section 13.

          (a) Transfer of Option Shares. At least 30 days (but not more than 35
days) prior to making any transfer other than an Exempt Transfer, you will
deliver a written notice (the "Sale Notice") to the Company. The Sale Notice
will disclose in reasonable detail the identity of the prospective transferee(s)
and the terms and conditions of the proposed transfer. You agree not to
consummate any such transfer until 30 days after the Sale Notice has been
delivered to the Company (the "Authorization Date").

          (b) First Refusal Rights. The Company may elect to purchase all (but
not less than all) of the Option Shares to be transferred by you upon the same
terms and conditions as those set forth in the Sale Notice by delivering a
written notice of such election to you within 20 days after the receipt of the
Sale Notice by the Company. If the Company has not elected to purchase all of
the Option Shares specified in the Sale Notice, you may transfer the Option
Shares specified in the Sale Notice at a price and on terms no more favorable to
the transferee(s) thereof than specified in the Sale Notice during the 60-day
period immediately following the Authorization Date. Any Option Shares not
transferred within such 60-day period will be subject to the provisions of this
Section 13(b) upon subsequent transfer.

          (c) Certain Permitted Transfers. The restrictions contained in this
Section 13 will not apply with respect to transfers of Option Shares (i)
pursuant to applicable laws of descent and distribution or (ii) among your
family group; provided that the restrictions contained in this Section will
continue to be applicable to the Option Shares after any such transfer and the
transferees of such Option Shares have agreed in writing to be bound by the
provisions of this Agreement. Your "family group" means your spouse and
descendants (whether natural or adopted), and any entity in which you and your
spouse and descendants collectively own a 100% direct or indirect beneficial
interest.

          (d) Termination of Restrictions. The restrictions on the transfer of
Option Shares set forth in this Section 13 will continue with respect to each
Option Share until the date on which such Option Share has been transferred in a
transaction permitted by this Section (except in a transaction contemplated by
Section 13(c)); provided in any event the restrictions on

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transfers set forth in this Section 13 will terminate when the Company has sold
shares of its Common Stock pursuant to a public offering registered under the
Securities Act.

     14. Additional Restrictions on Transfer.

          (a) Restrictive Legend. The certificates representing the Option
Shares will bear the following legend:

          "THE SECURITIES REPRESENTED BY THIS CERTIFICATE WERE ORIGINALLY ISSUED
          ON <<dateallcaps>>, HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT
          OF 1933, AS AMENDED (THE "ACT"), OR UNDER ANY STATE SECURITIES LAWS
          AND MAY NOT BE SOLD OR TRANSFERRED IN THE ABSENCE OF AN EFFECTIVE
          REGISTRATION STATEMENT UNDER THE ACT AND APPLICABLE STATE SECURITIES
          LAWS OR AN EXEMPTION FROM REGISTRATION THEREUNDER. THE SECURITIES
          REPRESENTED BY THIS CERTIFICATE ARE ALSO SUBJECT TO ADDITIONAL
          RESTRICTIONS ON TRANSFER, CERTAIN REPURCHASE OPTIONS AND CERTAIN OTHER
          AGREEMENTS SET FORTH IN AN OPTION AGREEMENT BETWEEN THE COMPANY AND
          <<nameincaps>> DATED AS OF <<dateallcaps>>, A COPY OF WHICH MAY BE
          OBTAINED BY THE HOLDER HEREOF AT THE COMPANY'S PRINCIPAL PLACE OF
          BUSINESS WITHOUT CHARGE."

          (b) Opinion of Counsel. You may not sell, transfer or dispose of any
Option Shares (except pursuant to an effective registration statement under the
Securities Act) without first delivering to the Company an opinion of counsel
reasonably acceptable in form and substance to the Company that registration
under the Securities Act or any applicable state securities law is not required
in connection with such transfer.

          (c) Holdback. You agree not to effect any public sale or distribution
of any equity securities of the Company, or any securities convertible into or
exchangeable or exercisable for such securities, during the seven days prior to
and the 180 days after the effectiveness of any underwritten registration of the
Company's securities, except as part of such underwritten registration if
otherwise permitted.

          (d) Irrevocable Proxy. If you cease to be employed by the Company and
its subsidiaries for any reason, then until the first to occur of a Sale of the
Company or a public offering of the Company's Common Stock registered under the
Securities Act, you hereby appoint TA/Advent VIII L.P. ("TA") and Golder, Thoma
Cressey, Rauner Fund V, L.P. ("GTCR") as your true and lawful proxy and
attorney-in-fact, with full power of substitution, to vote all of your Option
Shares in TA and GTCR's sole discretion for all matters to be voted on

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by the stockholders of the Company. The proxy and power granted by you pursuant
to this Section 14(d) are coupled with an interest and are given to secure the
performance of your obligations under this Agreement. Such proxy and power shall
be irrevocable for the term set forth in the first sentence of this Section
14(d) and shall survive the death, incompetency, disability, or bankruptcy of
you and the subsequent holders of your Option Shares.

     15. Sale of the Company.

          (a) Consent to Sale of Company. If the Board and the holders of a
majority of the Company's Common Stock then outstanding approve the sale of the
Company to an independent third party (whether by merger, consolidation, sale of
all or substantially all of its assets or sale of all of the outstanding Common
Stock) (the "Approved Sale"), you will consent to and raise no objections
against the Approved Sale of the Company, and if the Approved Sale of the
Company is structured as a sale of stock, you will agree to sell all of your
Option Shares and rights to acquire Option Shares on the terms and conditions
approved by the Board and the holders of a majority of the Common Stock then
outstanding. You will take all necessary and desirable actions in connection
with the consummation of the Approved Sale of the Company. For purposes of this
Section 16, an "independent third party" is any person who does not own in
excess of 15% of the Company's Common Stock on a fully-diluted basis, who is not
controlling, controlled by or under common control with any such 15% owner of
the Company's Common Stock and who is not the spouse, ancestor or descendant (by
birth or adoption) of any such 15% owner of the Company's Common Stock.

          (b) Purchaser Representative. If the Company or the holders of the
Company's securities enter into any negotiation or transaction for which Rule
506 (or any similar rule then in effect) promulgated by the Securities Exchange
Commission may be available with respect to such negotiation or transaction
(including a merger, consolidation or other reorganization), you will, at the
request of the Company, appoint a purchaser representative (as such term is
defined in Rule 501) reasonably acceptable to the Company. If you appoint the
purchaser representative designated by the Company, the Company will pay the
fees of such purchaser representative, but if you decline to appoint the
purchaser representative designated by the Company you will appoint another
purchaser representative (reasonably acceptable to the Company), and you will be
responsible for the fees of the purchaser representative so appointed.

          (c) Termination of Restrictions. The provisions of this Section 15
will terminate when the Company has sold shares of its Common Stock pursuant to
a public offering registered under the Securities Act.

     16. Remedies. The parties hereto will be entitled to enforce their rights
under this Agreement specifically, to recover damages by reason of any breach of
any provision of this Agreement and to exercise all other rights existing in
their favor. The parties hereto acknowledge and agree that money damages may not
be an adequate remedy for any breach of the provisions of this Agreement and
that any party hereto may, in its sole discretion, apply to any court of law or
equity of competent jurisdiction for specific performance and/or injunctive

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relief (without posting bond or other security) in order to enforce or prevent
any violation of the provisions of this Agreement.

     17. Amendment. Except as otherwise provided herein, any provision of this
Agreement may be amended or waived only with the prior written consent of you
and the Company.

     18. Successors and Assigns. Except as otherwise expressly provided herein,
all covenants and agreements contained in this Agreement by or on behalf of any
of the parties hereto will bind and inure to the benefit of the respective
successors and permitted assigns of the parties hereto whether so expressed or
not.

     19. Severability. Whenever possible, each provision of this Agreement will
be interpreted in such manner as to be effective and valid under applicable law,
but if any provision of this Agreement is held to be prohibited by or invalid
under applicable law, such provision will be ineffective only to the extent of
such prohibition or invalidity, without invalidating the remainder of this
Agreement.

     20. Counterparts. This Agreement may be executed simultaneously in two or
more counterparts, each of which shall constitute an original, but all of which
taken together shall constitute one and the same Agreement.

     21. Descriptive Headings. The descriptive headings of this Agreement are
inserted for convenience only and do not constitute a part of this Agreement.

     22. Governing Law. All questions concerning the construction, validity and
interpretation of this Agreement shall be governed by and construed in
accordance with the internal laws of the State of Delaware, without giving
effect to any choice of law or other conflict of law provision or rule (whether
of the State of Delaware or any other jurisdiction) that would cause the
application of the laws of any jurisdiction other than the State of Delaware.

     23. Notices. All notices, demands or other communications to be given or
delivered under or by reason of the provisions of this Agreement shall be in
writing and shall be deemed to have been given when delivered personally or
mailed by certified or registered mail return receipt requested and postage
prepaid, to the recipient. Such notices, demands and other communications shall
be sent to you and to the Company at the addresses indicated below:

          (a)  If to the Optionee:

               <<name>>
               <<address>>
               <<citystatezip>>

          (b)  If to the Company:

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<PAGE>

               CompBenefits Corporation
               100 Mansell Court East, Suite 400
               Roswell, Georgia 30076
               Attention: President
               Facsimile: (770) 992-4349

or to such other address or to the attention of such other person as the
recipient party has specified by prior written notice to the sending party.

     24. Entire Agreement. This Agreement constitutes the entire understanding
between you and the Company, and supersedes all other agreements, whether
written or oral, with respect to the acquisition by you of the Option Shares (as
defined herein).

                                     * * * *

                                       10

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     Please execute the extra copy of this Agreement in the space below and
return it to the Company's Secretary at its executive offices to confirm your
understanding and acceptance of the agreements contained in this Agreement.

                                        Very truly yours,

                                        COMPBENEFITS CORPORATION

                                        By:
                                            ------------------------------------
                                        Its: President

Enclosures: 1. Extra copy of this Agreement
            2. Copy of the Plan

     The undersigned hereby acknowledges having read this Agreement and the Plan
and hereby agrees to be bound by all provisions set forth herein and in the
Plan.

Dated as of                             OPTIONEE

<<date>>
                                        ----------------------------------------
                                        <<name>>

                                       11<PAGE>

                                                                    Exhibit 10.8

                                     FORM OF
                          TIME VESTED OPTION AGREEMENT

CompBenefits Corporation
100 Mansell Court East, Suite 400
Roswell, Georgia 30076

<<date>>

<<name>>
<<address>>
<<citystatezip>>

          Re: CompBenefits Corporation -- Grant of Nonqualified Stock Option

Dear <<name>>:

          CompBenefits Corporation is pleased to advise you that on <<date>>
(the "Grant Date") its Board of Directors granted to you a stock option (an
"Option"), as provided below, under the CompBenefits Corporation Stock Option
Plan (the "Plan"), a copy of which is attached hereto.

          1. Definitions. For the purposes of this Agreement, the following
terms shall have the meanings set forth below:

          "Board" means the Board of Directors of the Company.

          "Code" means the Internal Revenue Code of 1986, as amended, and any
successor statute.

          "Committee" means the Stock Option Committee, or such other committee
of the Board which may be designated by the Board to administer the Plan. The
Committee shall be composed of two or more directors as appointed from time to
time to serve by the Board. If a committee of the Board has not been designated
by the Board to administer the Plan, all references herein the Committee shall
be deemed to be references to the Board.

          "Common Stock" means the Company's Common Stock, par value $.01 per
share, or, in the event that the outstanding Common Stock is hereafter changed
into or exchanged for different stock or securities of the Company, such other
stock or securities.

          "Company" means CompBenefits Corporation, a Delaware corporation.

<PAGE>

          "Disability" means your inability, due to illness, accident, injury,
physical or mental incapacity or other disability, to carry out effectively your
duties and obligations to the Company and its subsidiaries for a period of at
least 90 consecutive days or for shorter periods aggregating at least 120 days
(whether or not consecutive) during any twelve-month period, as determined in
the good faith judgment of the Board.

          "Fair Market Value" of the Common Stock shall be determined by the
Committee in good faith.

          "Option Shares" means (i) all shares of Common Stock issued or
issuable upon the exercise of the Option and (ii) all shares of Common Stock
issued with respect to the Common Stock referred to in clause (i) above by way
of stock dividend or stock split or in connection with any conversion, merger,
consolidation or recapitalization or other reorganization affecting the Common
Stock. Option Shares will continue to be Option Shares in the hands of any
holder other than you (except for the Company, purchasers pursuant to a public
offering under the Securities Act and purchasers through a broker, dealer or
market maker pursuant to Rule 144 under the Securities Act), and each such
transferee thereof will succeed to the rights and obligations of a holder of
Option Shares hereunder.

          "Sale of the Company" means the sale to a third party or affiliated
group of third parties of (i) capital stock of the Company possessing the voting
power to elect a majority of the Company's board of directors (whether by
merger, consolidation or sale or transfer of the Company's capital stock) or
(ii) all or substantially all of the Company's assets determined on a
consolidated basis; provided that in any event, the term "Sale of the Company"
shall not include an offering of securities to the public.

          "Securities Act" means the Securities Act of 1933, as amended, and any
successor statute.

          2. Option.

          (a) Terms. Your Option is for the purchase up to <<options>> shares of
Common Stock (the "Option Shares") at an option price per share of
$<<exerciseprice>> (the "Exercise Price"), payable upon exercise as set forth in
Section 2(b) below. Your Option will expire at the close of business on
<<expirationdate>> (the "Expiration Date"), subject to earlier expiration in
connection with the termination of your employment as provided in Section 4(b)
below. Your Option is not intended to be an "incentive stock option" within the
meaning of Section 422 of the Code.

          (b) Payment of Option Price. Subject to Section 3 below, your Option
may be exercised in whole or in part upon payment of an amount (the "Option
Price") equal to the product of (i) the Exercise Price multiplied by (ii) the
number of Option Shares to be acquired. Payment shall be made in cash (including
check, bank draft or money order).

                                                                             -2-

<PAGE>

          3. Exercisability/Vesting.

          (a) Vesting Schedule. Your Option may be exercised only to the extent
it has vested. Except as otherwise provided in Section 3(c) below, your Option
will vest and become exercisable in the cumulative percentage of Option Shares
set forth opposite the dates below (and, for dates falling in between the dates
set forth below, the cumulative percentage of Option Shares which are vested as
of such date shall be determined on a pro rata basis according to the number of
days elapsed since the prior anniversary date) for each day during which you
have been and remain continuously employed by the Company:

<TABLE>
<CAPTION>
                                           Cumulative % of Option
                  Date                      Shares Vested to Date
----------------------------------------   ----------------------
<S>                                        <C>
The first anniversary of the Grant Date              20%
The second anniversary of the Grant Date             40%
The third anniversary of the Grant Date              60%
The fourth anniversary of the Grant Date             80%
The fifth anniversary of the Grant Date             100%
</TABLE>

          (b) Effect on Vesting in Case of Employment Termination. Unless
otherwise determined by the Committee, if your employment terminates for reasons
other than discharge for Cause, your Option will be vested and fully exercisable
with respect to that portion of your Option that was vested and exercisable on
the date your employment with the Company or its subsidiaries ceased and any
portion of your Option that was not vested and exercisable on such date will
expire and be forfeited. If you resign or are discharged for Cause, all of your
Option not previously exercised will expire and be forfeited whether exercisable
or not. "Cause" means any of the following: (i) theft or embezzlement, or
attempted theft or embezzlement, of money or property of the Company or any
subsidiary, perpetration or attempted perpetration of fraud, or participation in
a fraud or attempted fraud, on the Company or any subsidiary or unauthorized
appropriation of, or attempt to misappropriate, any tangible or intangible
assets or property of the Company or any subsidiary, (ii) any act or acts of
disloyalty, misconduct or moral turpitude injurious to the interest, property,
operations, business or reputation of the Company or any subsidiary or
conviction of a crime the commission of which results in injury to the Company
or any subsidiary or (iii) failure or inability (other than by reason of
Disability) to carry out effectively your duties and obligations to the Company
and its subsidiaries or to participate effectively and actively in the
management of the Company and its subsidiaries, as determined in the reasonable
judgment of the Board.

          (c) Acceleration of Vesting on Sale of the Company. If you have been
continuously employed by the Company or any subsidiary from the Grant Date until
the consummation of a Sale of the Company, the portion of your outstanding
Option which has not yet vested as of the date of such event will immediately
vest and become exercisable simultaneously with the consummation of the Sale of
the Company, and any portion of your Option which has not been exercised prior
to or in connection with the Sale of the Company will be forfeited, unless

                                                                             -3-

<PAGE>

otherwise determined by the Committee.

          4. Expiration of Option.

          (a) Normal Expiration. In no event shall any part of your Option be
exercisable after the Expiration Date set forth in Section 2(a) above.

          (b) Early Expiration Upon Termination of Employment. Any portion of
your Option that was not vested and exercisable on the date your employment with
the Company and its subsidiaries terminated (for any reason whatsoever) will
expire and be forfeited on such date, and any portion of your Option that was
vested and exercisable on the date your employment with the Company and its
subsidiaries terminated (for any reason whatsoever) will also expire and be
forfeited on such date; provided, however, that: (i) if your employment with the
Company and its subsidiaries is terminated as a result of your death or
Disability, the portion of your Option that is vested and exercisable will
expire 90 days from the date of your death or Disability, but in no event after
the Expiration Date, (ii) if you retire (with the approval of the Committee or
the Board), the portion of your Option that is vested and exercisable will
expire 90 days from the date of your retirement, but in no event after the
Expiration Date and (iii) if you are discharged by the Company or any subsidiary
for any reason other than for Cause, the portion of your Option that is vested
and exercisable will expire 30 days from the date of your discharge, but in no
event after the Expiration Date.

          5. Procedure for Exercise. You may exercise all or any portion of your
Option, to the extent it has vested and is outstanding, at any time and from
time to time prior to its expiration, by delivering written notice to the
Company (to the attention of the Company's Secretary) and your written
acknowledgment that you have read and have been afforded an opportunity to ask
questions of management of the Company regarding all financial and other
information provided to you regarding the Company, together with payment of the
Option Price in accordance with the provisions of Section 2(b) above. As a
condition to any exercise of your Option, you will permit the Company to deliver
to you all financial and other information regarding the Company it believes
necessary to enable you to make an informed investment decision, and you will
make all customary investment representations which the Company requires.

          6. Securities Laws Restrictions and Other Restrictions on Transfer of
Option Shares. You represent that when you exercise your Option you will be
purchasing Option Shares for your own account and not on behalf of others. You
understand and acknowledge that federal and state securities laws govern and
restrict your right to offer, sell or otherwise dispose of any Option Shares
unless your offer, sale or other disposition thereof is registered under the
Securities Act and state securities laws, or in the opinion of the Company's
counsel, such offer, sale or other disposition is exempt from registration or
qualification thereunder. You agree that you will not offer, sell or otherwise
dispose of any Option Shares in any manner which would: (i) require the Company
to file any registration statement with the Securities and Exchange Commission
(or any similar filing under state law) or to amend or supplement any such
filing or (ii) violate or cause the Company to violate

                                                                             -4-

<PAGE>

the Securities Act, the rules and regulations promulgated thereunder or any
other state or federal law, or (iii) violate any agreement between yourself and
the Company, including this letter. You further understand that the certificates
for any Option Shares you purchase will bear such legends as the Company deems
necessary or desirable in connection with the Securities Act or other rules,
regulations or laws.

          7. Non-Transferability of Option. Your Option is personal to you and
is not transferable by you other than by will or the laws of descent and
distribution. During your lifetime only you (or your guardian or legal
representative) may exercise your Option. In the event of your death, your
Option may be exercised only (i) by the executor or administrator of your estate
or the person or persons to whom your rights under the Option shall pass by will
or the laws of descent and distribution and (ii) to the extent that you were
entitled hereunder at the date of your death.

          8. Conformity with Plan. Your Option is intended to conform in all
respects with, and is subject to all applicable provisions of, the Plan, which
is incorporated herein by reference. Inconsistencies between this Agreement and
the Plan shall be resolved in accordance with the terms of the Plan. By
executing and returning the enclosed copy of this Agreement, you acknowledge
your receipt of this Agreement and the Plan and agree to be bound by all of the
terms of this Agreement and the Plan.

          9. Rights of Participants. Nothing in this Agreement shall interfere
with or limit in any way the right of the Company and its subsidiaries to
terminate your employment at any time (with or without Cause), nor confer upon
you any right to continue in the employ of the Company or any subsidiary for any
period of time or to continue your present (or any other) rate of compensation,
and in the event of your termination of employment (including, but not limited
to, your termination of employment by the Company or its subsidiaries without
Cause) any portion of your Option that was not previously vested and exercisable
will be forfeited. Nothing in this Agreement shall confer upon you any right to
be selected again as a Plan participant.

          10. Withholding of Taxes. The Company shall be entitled, if necessary
or desirable, to withhold from you from any amounts due and payable by the
Company to you (or secure payment from you in lieu of withholding) the amount of
any withholding or other tax due from the Company with respect to any Option
Shares issuable under this Plan, and the Company may defer such issuance unless
indemnified by you to its satisfaction.

          11. Adjustments. In the event of a reorganization, recapitalization,
stock dividend or stock split, or combination or other change in the shares of
Common Stock, the Board or the Committee may, in order to prevent the dilution
or enlargement of rights under your Option, make such adjustments in the number
and type of shares authorized by the Plan, the number and type of shares covered
by your Option and the Exercise Price specified herein as may be determined to
be appropriate and equitable. The issuance by the Company of shares of stock of
any class, or options or securities exercisable or convertible into shares of
stock of any class, for cash or property, or for labor or services either upon
direct sale, or upon the exercise of rights or warrants to subscribe

                                                                             -5-

<PAGE>

therefor, or upon exercise or conversion of other securities, shall not affect,
and no adjustment by reason thereof shall be made with respect to, the number or
price of shares of Common Stock then subject to any Options.

          12. Right to Purchase Option Shares Upon Your Termination of
Employment.

          (a) Repurchase of Option Shares. If your employment with the Company
or any subsidiary shall terminate for any reason whatsoever other than your
death or disability, including your resignation or termination (the date on
which such termination occurs being referred to as the "Termination Date"), then
the Company shall have the option to repurchase all or any part of the Option
Shares issued or issuable upon exercise of your Option, whether held by you or
by one or more of your transferees, at the price determined in accordance with
the provisions of Section 12(c) hereof (the "Repurchase Option"). The Company
may elect to purchase all or any portion of the Option Shares by delivery of
written notice (the "Repurchase Notice") to you or any other holders of the
Option Shares within six months after the Termination Date. The Repurchase
Notice shall set forth the number of Option Shares to be acquired from you and
such other holder(s), the aggregate consideration to be paid for such shares and
the time and place for the closing of the transaction.

          (b) Closing of Repurchase of Option Shares. The purchase of Option
Shares pursuant to this Section 12 will be closed at the Company's executive
offices within 20 days after the delivery of the Repurchase Notice. At the
closing, the Company shall pay the purchase price in the manner specified in
Section 12(c) and you and any other holders of Option Shares being purchased
shall deliver the certificate or certificates representing such shares to the
Company accompanied by duly executed stock powers. The Company shall be entitled
to receive customary representations and warranties from you and any other
selling holders of Option Shares regarding the sale of such shares (including
representations and warranties regarding good title to such shares, free and
clear of any liens or encumbrances).

          (c) Purchase Price for Option Shares. The purchase price per share to
be paid for the Option Shares purchased by the Company pursuant to Section 12
shall be equal to the Fair Market Value of such Option Shares as of the
Termination Date or the Option Exercise Price of such shares, if greater. If the
Company elects to purchase all or any part of the Option Shares, including
Option Shares held by one or more transferees, the Company shall pay for such
shares by certified check or wire transfer of funds.

          13. Restrictions on Transfer. Until the fifth anniversary of the date
hereof, you will not sell, pledge or otherwise transfer any interest in any
Option Shares except pursuant to the provisions of Section 12 or 15 hereof
("Exempt Transfers"). From and after the fifth anniversary of the date hereof,
you may sell, pledge or otherwise transfer any interest in any Option Shares in
an Exempt Transfer or pursuant to the remaining provisions of this Section 13.

                                                                             -6-

<PAGE>

          (a) Transfer of Option Shares. At least 30 days (but not more than 35
days) prior to making any transfer other than an Exempt Transfer, you will
deliver a written notice (the "Sale Notice") to the Company. The Sale Notice
will disclose in reasonable detail the identity of the prospective transferee(s)
and the terms and conditions of the proposed transfer. You agree not to
consummate any such transfer until 30 days after the Sale Notice has been
delivered to the Company (the "Authorization Date")

          (b) First Refusal Rights. The Company may elect to purchase all (but
not less than all) of the Option Shares to be transferred by you upon the same
terms and conditions as those set forth in the Sale Notice by delivering a
written notice of such election to you within 20 days after the receipt of the
Sale Notice by the Company. If the Company has not elected to purchase all of
the Option Shares specified in the Sale Notice, you may transfer the Option
Shares specified in the Sale Notice at a price and on terms no more favorable to
the transferee(s) thereof than specified in the Sale Notice during the 60-day
period immediately following the Authorization Date. Any Option Shares not
transferred within such 60-day period will be subject to the provisions of this
Section 13(b) upon subsequent transfer.

          (c) Certain Permitted Transfers. The restrictions contained in this
Section 13 will not apply with respect to transfers of Option Shares (i)
pursuant to applicable laws of descent and distribution or (ii) among your
family group; provided that the restrictions contained in this Section will
continue to be applicable to the Option Shares after any such transfer and the
transferees of such Option Shares have agreed in writing to be bound by the
provisions of this Agreement. Your "family group" means your spouse and
descendants (whether natural or adopted), and any entity in which you and your
spouse and descendants collectively own a 100% direct or indirect beneficial
interest.

          (d) Termination of Restrictions. The restrictions on the transfer of
Option Shares set forth in this Section 13 will continue with respect to each
Option Share until the date on which such Option Share has been transferred in a
transaction permitted by this Section (except in a transaction contemplated by
Section 13(c)); provided in any event the restrictions on transfers set forth in
this Section 13 will terminate when the Company has sold shares of its Common
Stock pursuant to a public offering registered under the Securities Act.

          14. Additional Restrictions on Transfer.

          (a) Restrictive Legend. The certificates representing the Option
Shares will bear the following legend:

     "THE SECURITIES REPRESENTED BY THIS CERTIFICATE WERE ORIGINALLY ISSUED ON
     <<dateallcaps>>, HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933,
     AS AMENDED (THE "ACT"), OR UNDER ANY STATE SECURITIES LAWS AND MAY NOT BE
     SOLD OR

                                                                             -7-

<PAGE>

     TRANSFERRED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT UNDER THE
     ACT AND APPLICABLE STATE SECURITIES LAWS OR AN EXEMPTION FROM REGISTRATION
     THEREUNDER. THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE ALSO SUBJECT
     TO ADDITIONAL RESTRICTIONS ON TRANSFER, CERTAIN REPURCHASE OPTIONS AND
     CERTAIN OTHER AGREEMENTS SET FORTH IN AN OPTION AGREEMENT BETWEEN THE
     COMPANY AND <<nameincaps>> DATED AS OF <<dateallcaps>>, A COPY OF WHICH MAY
     BE OBTAINED BY THE HOLDER HEREOF AT THE COMPANY'S PRINCIPAL PLACE OF
     BUSINESS WITHOUT CHARGE."

          (b) Opinion of Counsel. You may not sell, transfer or dispose of any
Option Shares (except pursuant to an effective registration statement under the
Securities Act) without first delivering to the Company an opinion of counsel
reasonably acceptable in form and substance to the Company that registration
under the Securities Act or any applicable state securities law is not required
in connection with such transfer.

          (c) Holdback. You agree not to effect any public sale or distribution
of any equity securities of the Company, or any securities convertible into or
exchangeable or exercisable for such securities, during the seven days prior to
and the 180 days after the effectiveness of any underwritten registration of the
Company's securities, except as part of such underwritten registration if
otherwise permitted.

          (d) Irrevocable Proxy. If you cease to be employed by the Company and
its subsidiaries for any reason, then until the first to occur of a Sale of the
Company or a public offering of the Company's Common Stock registered under the
Securities Act, you hereby appoint TA/Advent VIII L.P. ("TA") and Golder, Thoma
Cressey, Rauner Fund V, L.P. ("GTCR") as your true and lawful proxy and
attorney-in-fact, with full power of substitution, to vote all of your Option
Shares in TA and GTCR's sole discretion for all matters to be voted on by the
stockholders of the Company. The proxy and power granted by you pursuant to this
Section 14(d) are coupled with an interest and are given to secure the
performance of your obligations under this Agreement. Such proxy and power shall
be irrevocable for the term set forth in the first sentence of this Section
14(d) and shall survive the death, incompetency, disability, or bankruptcy of
you and the subsequent holders of your Option Shares.

          15. Sale of the Company.

          (a) Consent to Sale of Company. If the Board and the holders of a
majority of the Company's Common Stock then outstanding approve the sale of the
Company to an independent third party (whether by merger, consolidation, sale of
all or substantially all of its assets or sale of all of the outstanding Common
Stock) (the "Approved Sale"), you will consent to and raise no objections
against the Approved Sale of the Company, and if the Approved Sale of the
Company is structured as a sale of stock, you will agree to sell all of your
Option Shares and rights to acquire

                                                                             -8-

<PAGE>

Option Shares on the terms and conditions approved by the Board and the holders
of a majority of the Common Stock then outstanding. You will take all necessary
and desirable actions in connection with the consummation of the Approved Sale
of the Company. For purposes of this Section 16, an "independent third party" is
any person who does not own in excess of 15% of the Company's Common Stock on a
fully-diluted basis, who is not controlling, controlled by or under common
control with any such 15% owner of the Company's Common Stock and who is not the
spouse, ancestor or descendant (by birth or adoption) of any such 15% owner of
the Company's Common Stock.

          (b) Purchaser Representative. If the Company or the holders of the
Company's securities enter into any negotiation or transaction for which Rule
506 (or any similar rule then in effect) promulgated by the Securities Exchange
Commission may be available with respect to such negotiation or transaction
(including a merger, consolidation or other reorganization), you will, at the
request of the Company, appoint a purchaser representative (as such term is
defined in Rule 501) reasonably acceptable to the Company. If you appoint the
purchaser representative designated by the Company, the Company will pay the
fees of such purchaser representative, but if you decline to appoint the
purchaser representative designated by the Company you will appoint another
purchaser representative (reasonably acceptable to the Company), and you will be
responsible for the fees of the purchaser representative so appointed.

          (c) Termination of Restrictions. The provisions of this Section 15
will terminate when the Company has sold shares of its Common Stock pursuant to
a public offering registered under the Securities Act.

          16. Noncompetition. You covenant and agree with the Company that
during the period commencing with the date of this Agreement and ending on the
180th day after the termination of your employment with the Company or, in the
event you receive compensation or severance from the Company following your
termination of employment and such compensation or severance extends beyond such
180th day, then for so long as such compensation or severance is paid (the
"Noncompetition Period"), you will not, directly or indirectly, either for
yourself or for any other person or entity, participate in any business anywhere
in the United States which competes with the businesses of the Company or its
subsidiaries or any businesses in which the Company or any of its subsidiaries
has entertained discussions or has requested and received information relating
to the acquisition of such business by the Company or its subsidiaries prior to
the termination of your employment with the Company or any of its subsidiaries.
For purposes of this Agreement, the term "participate in" will include, without
limitation, having any direct or indirect interest in any entity, whether as an
owner, stockholder, partner or otherwise, or rendering any direct or indirect
assistance to any person or entity; provided that the term "participate in"
shall not include ownership of less than five percent of the stock of a
publicly-held corporation whose stock is traded on a national securities
exchange or in the over-the-counter market.

          17. Nonsolicitation. During the Noncompetition Period, you covenant
and agree with the Company that you will not (i) induce or attempt to induce any
employee of the Company or

                                                                             -9-

<PAGE>

its subsidiaries to leave the employ of the Company or such subsidiary, or in
any way interfere with the relationship between the Company or its subsidiaries
and any employee thereof, (ii) hire directly or through another entity any
person who was an employee of the Company or its subsidiaries at any time during
the Noncompetition Period, or (iii) induce or attempt to induce any customer,
supplier, licensee or other business relation of the Company or its subsidiaries
to cease doing business with the Company or such subsidiary, or in any way
interfere with the relationship between any such customer, supplier, licensee or
business relation and the Company or its subsidiaries.

          18. Nondisclosure and Nonuse of Confidential Information.

          (a) You covenant and agree with the Company that you will not disclose
or use at any time, either during your employment with the Company or its
subsidiaries or thereafter, any Confidential Information (as defined below) of
which you are or become aware, whether or not such information is developed by
you, except to the extent that such disclosure or use is directly related to and
required by your performance of duties assigned to you by the Company or its
subsidiaries. You agree to take all appropriate steps to safeguard Confidential
Information and to protect it against disclosure, misuse, espionage, loss and
theft.

          (b) The term "Confidential Information" means information that is not
generally known to the public and that is used, developed or obtained by the
Company and its subsidiaries in connection with its business, including but not
limited to (i) products or services, (ii) fees, costs and pricing structures,
(iii) designs, (iv) analysis, (v) drawings, photographs and reports, (vi)
computer software, including operating systems, applications and program
listings, (vii) flow charts, manuals and documentation, (viii) data bases, (ix)
accounting and business methods, (x) inventions, devices, new developments,
methods and processes, whether patentable or unpatentable and whether or not
reduced to practice, (xi) customers and clients and customer or client lists,
(xii) other copyrightable works, (xiii) all technology and trade secrets, and
(xiv) all similar and related information in whatever form. Confidential
Information shall not include any information that: (a) has been publicly known
through no wrongful act or breach of obligation of confidentiality; (b) was
lawfully known to you prior to the time it was disclosed to, or learned by, you
during your employment with the Company or its subsidiaries; or (c) was
rightfully received by you from a third party without a breach of any obligation
of confidentiality by such third party; provided, however, that such information
shall not be deemed to be excluded from Confidential Information merely because
individual portions or components of such information have been separately
published or disclosed, but only if all material components and features
comprising such information have been published in combination by others in a
form generally available to the public and through no wrongful act or breach of
obligation of confidentiality.

          19. Remedies. The parties hereto will be entitled to enforce their
rights under this Agreement specifically, to recover damages by reason of any
breach of any provision of this Agreement and to exercise all other rights
existing in their favor. The parties hereto acknowledge and agree that money
damages may not be an adequate remedy for any breach of the provisions of this
Agreement and that any party hereto may, in its sole discretion, apply to any
court of law or

                                                                            -10-

<PAGE>

equity of competent jurisdiction for specific performance and/or injunctive
relief (without posting bond or other security) in order to enforce or prevent
any violation of the provisions of this Agreement.

          20. Amendment. Except as otherwise provided herein, any provision of
this Agreement may be amended or waived only with the prior written consent of
you and the Company.

          21. Successors and Assigns. Except as otherwise expressly provided
herein, all covenants and agreements contained in this Agreement by or on behalf
of any of the parties hereto will bind and inure to the benefit of the
respective successors and permitted assigns of the parties hereto whether so
expressed or not.

          22. Severability. Whenever possible, each provision of this Agreement
will be interpreted in such manner as to be effective and valid under applicable
law, but if any provision of this Agreement is held to be prohibited by or
invalid under applicable law, such provision will be ineffective only to the
extent of such prohibition or invalidity, without invalidating the remainder of
this Agreement.

          23. Counterparts. This Agreement may be executed simultaneously in two
or more counterparts, each of which shall constitute an original, but all of
which taken together shall constitute one and the same Agreement.

          24. Descriptive Headings. The descriptive headings of this Agreement
are inserted for convenience only and do not constitute a part of this
Agreement.

          25. Governing Law. All questions concerning the construction, validity
and interpretation of this Agreement shall be governed by and construed in
accordance with the internal laws of the State of Delaware, without giving
effect to any choice of law or other conflict of law provision or rule (whether
of the State of Delaware or any other jurisdiction) that would cause the
application of the laws of any jurisdiction other than the State of Delaware.

          26. Notices. All notices, demands or other communications to be given
or delivered under or by reason of the provisions of this Agreement shall be in
writing and shall be deemed to have been given when delivered personally or
mailed by certified or registered mail, return receipt requested and postage
prepaid, to the recipient. Such notices, demands and other communications shall
be sent to you and to the Company at the addresses indicated below:

          (a)  If to the Optionee:

               <<name>>
               <<address>>
               <<citystatezip>>

                                                                            -11-

<PAGE>

          (b)  If to the Company:

               CompBenefits Corporation
               100 Mansell Court East, Suite 400
               Roswell, Georgia 30076
               Attention: President
               Facsimile: (770) 992-4349

or to such other address or to the attention of such other person as the
recipient party has specified by prior written notice to the sending party.

          27. Entire Agreement. This Agreement constitutes the entire
understanding between you and the Company, and supersedes all other agreements,
whether written or oral, with respect to the acquisition by you of the Option
Shares (as defined herein). In the event you are party to, or hereafter become
party to, any other agreement with the Company which addresses the subject
matter in Sections 16, 17 or 18, then Sections 16, 17 and 18 shall be
interpreted as being addition to, rather than in lieu of, such other agreement.

                                    * * * * *

<PAGE>

          Please execute the extra copy of this Agreement in the space below and
return it to the Company's Secretary at its executive offices to confirm your
understanding and acceptance of the agreements contained in this Agreement.

                                        Very truly yours,

                                        COMPBENEFITS CORPORATION

                                        By:
                                            ------------------------------------
                                        Its: President

Enclosures: 1. Extra copy of this Agreement
            2. Copy of the Plan

          The undersigned hereby acknowledges having read this Agreement and the
Plan and hereby agrees to be bound by all provisions set forth herein and in the
Plan.

Dated as of                             OPTIONEE

<<date>>
                                        ----------------------------------------
                                        <<name>>

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