Document:

Exhibit
      10.20.1

    

    NON-QUALIFIED
      OPTION AGREEMENT

    

    Pursuant
      to the 1992 Non-Qualified Stock Option Plan (the “Plan”) of BMC
      WEST CORPORATION
      (the
“Corporation”), effective January 1, 1992, the Corporation hereby grants to
MICHAEL
      MAHRE
      (“Participant”) an option to purchase all or any part of an aggregate of
2,500
      shares
      under the Common Stock of the Corporation (the “Option Shares”) under and
      subject to the terms and conditions of this Agreement and the Plan which is
      incorporated herein by reference and made a part hereof for all
      purposes.

    

    Participant
      and the Corporation agree as follows:

    

    1.    Definitions.

    

    The
      definitions and terms used in the Plan are incorporated herein by reference
      and
      shall have the same meaning and be given the same effect.

    

    2.    Term
      of Option

    

    2.1    Option
      Period. The
      option rights granted by this Option Agreement for each Option Share shall
      expire and be of no value and the right of purchase evidenced hereby shall
      cease
      upon the tenth (10th) anniversary of the date the Option Share shall vest under
      Section 3, unless terminated earlier pursuant to Section 2.2.

    

    2.2    Expiration
      of Option Period Upon Termination of Employment.
      The
      option rights granted by this Option Agreement shall expire ninety (90) days
      after Participant’s termination of employment with the Corporation for any
      reason, and no shares may thereafter be issued pursuant to this Option
      Agreement, except as set forth below:

    

    (a)    If
      Participant’s employment is terminated by reason of Participant’s death,
      Participant’s personal representative may exercise any option rights granted
      pursuant to this Option Agreement, to the extent vested, at any time within
      one
      (1) year after Participant’s death, but in any event not after the expiration of
      the Option Period prescribed in Section 2.1.

    

    (b)    If
      Participant’s employment is terminated by reason of Participant’s disability or
      retirement, Participant may exercise any option rights granted pursuant to
      this
      Option Agreement, to the extent vested, at any time within one (1) year after
      such termination, but in any event not after the expiration of the Option Period
      prescribed in Section 2.1.

    

    3.    Vesting
      of Option.

    

    The
      option rights granted by this Option shall be exercisable only as to vested
      Option Shares. Unless vested in accordance with the terms of Section 3.1 or
      terminated in accordance with the terms of Section 3.2, all of the Option Shares
      shall vest on January
      1, 2003.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    3.1    Vesting
      of Options.
      The
      vesting of the Option Shares shall occur at a rate of twenty percent (20%)
      of
      the Option Shares under this grant on December 31 each year commencing on
      December 31, 1999.

    

    3.2    Termination
      of Vesting Upon Termination of Employment.
      If a
      Participant ceases to be employed by the Corporation, vesting shall terminate
      as
      of January 1 of the year in which employment is terminated. There shall be
      no
      fractional or prorated vesting.

    

    4.    Non-transferable.

    

    The
      option rights granted by this Option are not transferable or assignable
      otherwise than by will or by the laws of descent and distribution, and during
      the lifetime of Participant are exercisable only by Participant.

    

    5.    Exercise
      of Option.

    

    Before
      this Option expires, Participant may exercise his option rights hereunder as
      to
      all or any part of his vested Option Shares by delivering to the Corporation
      at
      its corporate headquarters, or such other location as the Corporation may
      designate from time to time, written notice of the intention to purchase Option
      Shares together with the sum of Ten dollars and 75/100 Dollars ($10.75) per
      Option Share to be purchased (the “Option Price”). (The options were granted
      effective April 15, 1999.)

    

    6.    Issuance
      of Option Shares.

    

    Upon
      receipt of the items and information specified in Section 5, the Corporation
      shall record in its stock register the name of Participant and issue shares
      of
      Common Stock accordingly; provided, however, the Corporation shall have no
      obligation to issue fractional shares; and provided further that stock
      certificates issued shall bear any restrictive legend required by any agreement
      among shareholders or pertinent law.

    

    7.    Conditions
      Applying to the Option and Option Shares.

    

    7.1    If
      the
      Corporation subsequently authorized or issues other classes of Common Stock
      during the term hereof, the Option Shares not yet purchased by Participant
      shall
      be the kind and amount of shares that Employee would have received had this
      Option been exercised in the same manner and to the same extent immediately
      prior to such event.

    

    7.2    The
      Option Shares shall be subject to adjustment from time to time as
      follows:

    

    a.    If,
      at
      any time before this Option is fully exercised or expires, the total number
      of
      shares of the Corporation’s Common Stock outstanding is increased by a stock
      dividend or subdivision or split-up of such outstanding shares, then,
      concurrently with the effectiveness of such subdivision or split-up, the number
      of Option Shares not yet purchased by Participant (calculated to the nearest
      whole share) shall be proportionately increased, and the purchase price per
      share shall be proportionately decreased.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    b.    If,
      at
      any time before this Option is fully exercised or expires, the total number
      of
      shares of the Corporation’s Common Stock outstanding is decreased by a
      combination or reverse stock split of such outstanding shares, then concurrently
      with the effectiveness of such combination, the number of Option Shares not
      yet
      purchased by Participant (calculated to the nearest whole share) shall be
      proportionately decreased, and the purchase price per share shall be
      proportionately increased.

    

    7.3    In
      the
      event of any capital reorganization or any reclassification of the Corporation’s
      common stock (other than a change in par value or as a result of a stock
      dividend or subdivision, split-up or combination of Shares), or the
      consolidation or merger of Corporation with or into another corporation, or
      the
      sale or other disposition of all or substantially all the properties and assets
      of the Corporation, then after such transaction Participant shall be entitled
      to
      receive upon the exercise of the option rights granted hereunder, in lieu of
      each share of Common Stock, the kind and amount of Shares of stock, other
      securities, money or property receivable upon the consummation of such
      transaction by the holder of one share of Common Stock of the Corporation
      issuable under this plan, as if the option had been exercised immediately prior
      to such transaction.

    

    8.    General

    

    Neither
      the grant of this Option nor the issuance of any shares pursuant to this Option
      shall be construed as modifying, affecting or evidencing any intention or
      understanding with respect to the terms of employment of Participant with the
      Corporation.

    

    IN
      WITNESS WHEREOF, the Corporation has caused this Option to be executed,
      effective this 23rd day of April, 1999.

    

    BUILDING
      MATERIALS

    HOLDING
      CORPORATION

     

    By__________________________

    Robert
      E.
      Mellor, President

    &
      Chief Executive Officer

     

    PARTICIPANT

     

    _____________________________

    Michael
      MahreUnassociated Document

    Exhibit
      10.21.1

    

    FIRST
      AMENDMENT TO THE

    AMENDED
      AND RESTATED

    NON-STATUTORY
      STOCK OPTION AGREEMENT

    UNDER
      THE

    1993
      EMPLOYEE STOCK OPTION PLAN

    OF

    BUILDING
      MATERIALS HOLDING CORPORATION

    

    

    This
      Non-Statutory Stock Option Agreement (the "Agreement") is made and entered
      into
      as of the Date of Grant indicated below by and between Building Materials
      Holding Corporation, a Delaware corporation (the "Company"), and the person
      named below as Optionee.

    

    RECITALS

    

    WHEREAS,
      Optionee is an employee, officer or consultant of the Company and/or one or
      more
      of its parents or subsidiaries; and

    

    WHEREAS,
      pursuant to the Company's 1993 Employee Stock Option Plan, as amended (the
      "Plan"), the committee of the Board of Directors of the Company administering
      the Plan (the "Committee") or the Board of Directors (the “Board”) has approved
      the grant to Optionee of an option to purchase shares of the common stock of
      the
      Company (the "Common Stock"), on the terms and conditions set forth
      herein.

    

    AGREEMENT

    

    NOW,
      THEREFORE, in consideration of the foregoing recitals and the covenants set
      forth herein, the parties hereto hereby agree as follows:

    

    1.    Grant
      of Option; Certain Terms and Conditions.
      The
      Company hereby grants to Optionee, and Optionee hereby accepts, as of the Date
      of Grant, an option to purchase the number of shares of Common Stock indicated
      below (the "Option Shares") at the Exercise Price per share indicated below,
      which option shall expire at 5:00 o'clock p.m., Boise, Idaho time on the
      Expiration Date indicated below and shall be subject to all of the terms and
      conditions set forth in this Agreement (the "Option"). The vesting of the Option
      Shares shall occur at a rate of twenty percent (20%) of the Option Shares under
      this grant on December 31 each year commencing on December 31,
      2000.

    

    Optionee:
      

    Date
      of
      Grant: January 20, 2000

    Number
      of
      shares purchasable: 156,000

    Exercise
      Price per share: $10.00

    Expiration
      Date: January 20, 2010

    Annual
      Vesting Rate: 20%

    

    This
      Option is not intended to qualify as an incentive stock option under
      Section 422 of the Internal Revenue Code.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    2.    Acceleration
      and Termination of Option.

    

    (a)    Termination
      of Employment or Association.

    

    (i)    Death
      or Permanent Disability.
      If
      Optionee shall cease to be an employee of the Company and/or any of its parents
      or subsidiaries ("Employment") or cease to be a consultant of the Company and/or
      any of its parents or subsidiaries ("Association") (in either case, a
      "Termination") by reason of the death or permanent disability of Optionee,
      then
      (A) the portion of this Option that has not vested on or prior to the date
      of such Termination of Employment or Association shall terminate on such date
      and (B) the remaining vested portion of this Option shall terminate upon
      the earlier of the Expiration Date or the date which is twelve (12) months
      after the date of such Termination of Employment or Association. Optionee shall
      not be deemed to have a permanent disability until proof of the existence
      thereof shall have been furnished to the Committee or Board in such form and
      manner, and at such times, as the Committee or Board may require. Any
      determination by the Committee or Board that Optionee does or does not have
      a
      permanent disability shall be final and binding upon the Company and the
      Optionee.

     

    (ii)    Retirement
      After Age 55.
      If
      Optionee's Employment is Terminated by reason of Optionee's retirement in
      accordance with the Company's then-current retirement policy (or the
      then-current retirement policy of any of the Company's parents or subsidiaries,
      if applicable) after age 55 ("Retirement"), then (A) the portion of
      the Option that has not vested on or prior to the date of such Retirement shall
      terminate on such date and (B) the remaining vested portion of the Option
      shall terminate upon the earlier of the Expiration Date or the date which is
      three (3) years after the date of such Retirement. Employees retiring at
      age 60 or above with at least 15 years of service will vest 50 percent of their
      unvested options. An additional five percent will be added for each year of
      service beyond 15 years, with full vesting after 25 years of service, provided
      retirement is on or after age 60. Services includes the Company and predecessor
      company service.

    

    (iii)    Termination
      for Cause.
      If
      Optionee's Employment or Association is Terminated for Cause (as defined in
      the
      Plan), then this Option shall terminate upon the date of such Termination of
      Employment or Association and shall cease to be exercisable.

    

    (iv)    Other
      Termination.
      If
      Optionee's Employment or Association is Terminated for no reason, or for any
      reason other than Retirement, death or permanent disability, or for Cause,
      then
      (A) the portion of this Option that has not vested on or prior to the date
      of such Termination of Employment or Association shall terminate on such date
      and (B) the remaining vested portion of this Option shall terminate upon
      the earlier of the Expiration Date or the date which is three (3) months
      after the date of such Termination of Employment or Association.

    

    (b)    Events
      Causing Acceleration of Option.
      The
      Committee or Board, in its sole discretion, may accelerate the exercisability
      of
      this Option at any time and for any reason. In the event of a Change in Control
      of the Company (as defined in the Plan), this Option shall become immediately
      exercisable in full.

    

    (c)    Other
      Events Causing Acceleration and Termination of Option.
      In the
      event of (a) a dissolution or liquidation of the Company, or (b) a
      merger or consolidation in which the Company is not the surviving corporation,
      the Company shall give to the Optionee, at the time of adoption of the plan
      for
      liquidation, dissolution, merger or consolidation, either: a reasonable time
      thereafter within which to exercise this Option, prior to the effectiveness
      of
      such liquidation, dissolution, merger or consolidation, at the end of which
      time
      this Option shall terminate; or the right to exercise this Option as to an
      equivalent number of shares of stock of the corporation succeeding the Company
      or acquiring its business by reason of such liquidation, dissolution, merger
      or
      consolidation.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    3.    Adjustments.
      In the
      event that the outstanding securities of the class then subject to this Option
      are increased, decreased or exchanged for or converted into cash, property
      and/or a different number of kind of securities, or cash, property and/or
      securities are distributed in respect of such outstanding securities, in either
      case as a result of a reorganization, merger, consolidation, recapitalization,
      reclassification, dividend (other than a regular, quarterly cash dividend)
      or
      other distribution, stock split, reverse stock split or the like, or in the
      event that substantially all of the property and assets of the Company are
      sold,
      then, unless such event shall cause this Option to terminate pursuant to
      Section 2(c) hereof, the Committee or Board shall make appropriate and
      proportionate adjustments in the number and type of shares or other securities
      or cash or other property that may thereafter be acquired upon the exercise
      of
      this Option; provided, however, that any such adjustments in this Option shall
      be made without changing the aggregate Exercise Price of the then unexercised
      portion of this Option. In the event any fractional shares of stock would result
      on account of any such adjustment, then the number of shares shall be rounded
      upward to the nearest whole share.

    

    4.    Manner
      of Exercise.
      This
      Option shall be exercisable during Optionee's lifetime only by Optionee, and
      after Optionee's death only by the person or entity entitled to do so under
      Optionee's last will and testament or applicable to intestate law. This Option
      may be exercised with respect to all or any part of the Option Shares then
      subject to such exercise as follows:

     

    (a)    By
      giving
      the Company written notice of such exercise specifying the number of the Option
      Shares as to which the Option is so exercised and accompanied by an amount
      equal
      to the aggregate Exercise Price of such shares, in the form of any one or
      combination of (i) cash, a certified check or postal or express money order
      payable to the order of the Company in lawful money of the United States,
      (ii) shares of Common Stock previously acquired by Optionee, in
      satisfaction of all or a portion of such aggregate Exercise Price; and any
      Common Stock so delivered shall be valued at its Fair Market Value on the date
      of exercise, or (iii) delivery of a properly executed exercise notice
      together with such other documentation as the Committee or Board and the broker,
      if applicable, shall require to effect an exercise of the Option and delivery
      to
      the Company of the sale proceeds required to pay the aggregate Exercise
      Price.

     

    (b)    If
      required by the Company, by giving satisfactory assurance in writing, signed
      by
      Optionee or his or her legal representative, that such shares are not being
      purchased with a view to the distribution thereof; provided, however, that
      such
      assurance shall be deemed inapplicable to (1) any sale of such shares by
      the Optionee subject to a registration statement covering such sale, which
      has
      heretofore been (or may hereafter be) filed and become effective under the
      Securities Act of 1933, as amended (the "1933 Act"), and with respect to which
      the registration statement is current and no stop order suspending the
      effectiveness thereof has been issued, and (2) any other sale of such
      shares with respect to which, in the opinion of counsel for the Company, such
      assurance is not required to be given in order to comply with the provisions
      of
      the 1933 Act.

    

    As
      soon
      as practicable after receipt of such written notice from Optionee, the Company
      shall, without transfer or issue tax or other incidental expenses to Optionee,
      deliver to Optionee at the office of the Company, or such other place as may
      be
      mutually acceptable to the Company and Optionee, a certificate or certificates
      for such shares, which certificate or certificates may bear such legend or
      legends with respect to restrictions on transfer as counsel for the Company
      deems to be required by applicable provisions of law and this Agreement;
      provided, however, that nothing herein shall be deemed to impose upon the
      Company any obligation to deliver any shares of Common Stock to the Optionee
      if,
      in the opinion of counsel, for the Company, doing so would violate any provision
      of: (i) the 1933 Act; (ii) the Securities Exchange Act of 1934, as
      amended; (iii) any applicable listing requirements of any national
      securities exchange; (iv) any state securities regulation or "Blue Sky"
      laws; or (v) requirements under any other law or regulation applicable to
      the issuance or transfer of such shares. In no event shall the Company be
      required to take any affirmative action to comply with any of such laws,
      regulations or requirements, nor shall the Company be liable for any failure
      to
      deliver shares of Common Stock because such shares have not been registered
      or
      because a registration statement with respect thereto is not current or because
      such delivery would otherwise be in violation of any applicable law or
      regulation.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    5.    Payment
      of Withholding Taxes.
      By
      accepting this Option, the Optionee, both personally and on behalf of any person
      to whom Optionee, both personally and on behalf of any person to whom Optionee's
      rights under this Option shall pass by will or the laws of descent and
      distribution, agrees that, if the Company so requires, whenever Option Shares
      are to be issued by reason of the exercise of this Option, the Optionee or
      such
      other person who is to receive such stock will remit to the Company, prior
      to
      the delivery of any certificate or certificates for such shares, all or any
      part
      of an amount determined by the Company in its discretion to be sufficient to
      satisfy federal, state and local withholding tax requirements which the Company,
      or its counsel, determine may be payable with respect to such exercise. Such
      withholding may be paid in cash, by check payable to the Company, or by delivery
      of shares of the Company's Common Stock, valued at the Fair Market Value of
      such
      Common Stock on the date of delivery or by surrender of a portion of this
      Option.

    

    6.    Notices.
      All
      notices and other communications required or permitted to be given pursuant
      to
      this Agreement shall be in writing and shall be deemed given if delivered
      personally or five (5) days after mailing by certified or registered mail,
      postage prepaid, return receipt requested, to the Company at One Market Plaza,
      Steuart Tower, Suite 2650, San Francisco, CA 94105, Attention: Ellis C. Goebel,
      or to Optionee at the address set forth beneath his or her signature on the
      signature page hereto, or at such other addresses as they may designate by
      written notice in the aforesaid manner.

    

    7.    Restrictions
      on Transfer.
      Under
      the Plan, options are subject to limited transferability by the original option
      holder subject to the approval of the compensation committee or Board of
      Directors.

    

    8.    The
      Plan.
      This
      Option is granted pursuant to the Plan, as in effect on the Date of Grant,
      and
      is subject to all the terms and conditions of the Plan, as the same may be
      amended from time to time; provided, however, that no such amendment shall
      deprive Optionee, without his or her consent, of this Option or of any of
      Optionee's rights under this Agreement. The interpretation and construction
      by
      the Committee or Board of the Plan, this Agreement, this Option and such rules
      and regulations as may be adopted by the Committee or Board for the purpose
      of
      administering the Plan shall be final and binding upon Optionee. Until this
      Option shall expire, terminate or be exercised in full, the Company shall,
      upon
      written request therefore, send a copy of the Plan, in its then-current form,
      to
      Optionee or any other person or entity then entitled to exercise this Option.
      Each capitalized term used herein but not defined herein shall have the meaning
      ascribed thereto in the Plan.

    

    9.    Stockholder
      Rights.
      No
      person or entity shall be entitled to vote, receive dividends or be deemed
      for
      any purpose the holder of any Option Shares until this Option shall have been
      duly exercised to purchase such Option Shares in accordance with the provisions
      of this Agreement.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    10.    Employment
      or Association Rights; Other Plans.
      No
      provision of this Agreement or of this Option granted hereunder shall
      (a) confer upon Optionee any right to continue in the employ of or to
      associate with the Company or any of its parents or subsidiaries,
      (b) affect the right of the Company and each of its parents and
      subsidiaries to terminate the Employment or Association of Optionee, with or
      without cause, or (c) confer upon Optionee any right to participate in any
      employee welfare or benefit plan or other program of the Company or any of
      its
      parents or subsidiaries other than the Plan. Nothing in this Agreement is
      intended to be a substitute for, or shall preclude or limit the establishment
      or
      continuation of, any other plan, practice or arrangement for the payment of
      compensation or benefits to Optionees generally, which the Company or its
      parents or subsidiaries now has or may hereafter lawfully put into effect,
      including, without limitation, any retirement, pension, insurance, stock
      purchase, incentive compensation or bonus plan. Optionee hereby acknowledges
      and
      agrees that the Company and each of its parents and subsidiaries may terminate
      the Employment or Association of Optionee at any time and for any reason, or
      for
      no reason, unless Optionee and the Company or such parent or subsidiary are
      parties to a written employment or other agreement that expressly provides
      otherwise.

    

    11.    Binding
      Effect of Agreement.
      This
      Agreement shall be binding upon and inure to the benefit of any successors
      and
      assigns of the Company or its parents or subsidiaries, and upon Optionee and
      Optionee's heirs, executors, administrators, personal representatives, permitted
      assignees and successors in interest.

    

    12.    Governing
      Law.
      This
      Agreement and the Option granted hereunder shall be governed by and construed
      and enforced in accordance with the laws of the State of Delaware, excluding
      the
      choice of law provisions thereof.

    

    IN
      WITNESS WHEREOF, the Company and Optionee have duly executed this Agreement
      as
      of the Date of Grant.

    

    BUILDING
      MATERIALS HOLDING CORPORATION

     

     

    Robert
      E.
      Mellor

    President
      & Chief Executive Officer

     

    OPTIONEE

     

     

    By:
      ______________________________

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00098-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00098-of-00352.parquet"}]]