Document:

Pathmark Stores, Inc. Form 10-Q; For the Fiscal Quarter Ended October 30, 2004

Exhibit 10.2

PATHMARK STORES, INC. 2000 EMPLOYEE EQUITY PLAN

FORM OF AWARD AGREEMENT

Dear          :

          Pursuant to the Stock Option Grant Notice
(“Grant Notice”) and this Award Agreement, Pathmark Stores,
Inc. (the “Company”) has granted you, as of the
“Date of Award” set forth in the Grant Notice, a Stock
Option under its 2000 Employee Equity Plan (the “Plan”) to
purchase the number of shares of the Company’s Common Stock indicated in the Grant
Notice at the exercise price indicated in the Grant Notice. The Stock Option is an
“incentive stock option” within the meaning of Section 422 of the Code and is
hereby designated as an Incentive Stock Option for purposes of this Award Agreement.

          Defined terms not explicitly defined in this Award
Agreement but defined in the Plan shall have the same definitions as in the Plan.

          Your Grant Notice is an integral part of this Award
Agreement and all references to this Award Agreement shall be considered to include the
Grant Notice.

          The details of your Stock Option are as follows:

          1. VESTING; ACCELERATED
VESTING.

          (a) Subject to the other terms and conditions of the Plan
and this Award Agreement, your Stock Option will vest as provided in the Grant Notice.

          (b) Your Stock Option will be considered fully vested in
the event that your employment with the Company is terminated by reason of your
Involuntary Termination (as such term is defined in your employment agreement with the
Company (or, if you do not have a current employment agreement, your most recent
employment agreement with the Company), hereinafter “Involuntary
Termination”), death, your permanent and total disability within the
meaning of Section 22(e)(3) of the Code (“Disability”) or
your retirement from you employment on or after your 60th birthday
(“Retirement”). Upon termination of your employment for any
reason other than Involuntary Termination, death, Disability or Retirement, the unvested
portion of your Stock Option will be forfeited.

          2. METHOD OF PAYMENT. Payment of the
exercise price is due in full upon exercise of all or any part of your Stock Option. You
may elect to make payment of the exercise price in any manner that is permitted by the
Grant Notice.

          3. SECURITIES LAW COMPLIANCE. If you are a
citizen or resident of the United States, then notwithstanding anything to the contrary
contained herein, your Stock Option may not be exercised unless the shares of Common Stock
issuable upon exercise of your Stock Option are then registered under the United States
Securities Act of 1933, as amended (the “Securities Act”)
or, if such shares are not then so registered, the Company has determined that such
exercise and issuance would be exempt from the registration requirements of the Securities
Act. The exercise of your Stock Option must also comply with other applicable laws and
regulations governing the Stock Option, and the Stock Option may not be exercised if the
Company determines that the exercise would not be in material compliance with such laws
and regulations.

 

          4. TERM. Subject to the other terms and
conditions of this Award Agreement, the term of your Stock Option commences on the Date of
Award (as set forth in the Grant Notice) and shall expire on the expiration date indicated
in the Grant Notice (the “Expiration Date”).

          5. TERMINATION OF EMPLOYMENT; CHANGE IN
CONTROL.

          (a) Except as otherwise expressly provided in Section
1(b) and this Section 5 of this Award Agreement, the terms of Section 7(c) of the Plan
shall apply to any rights you have with respect to your Stock Option on and after your
termination of employment with the Company or upon a Change in Control.

          (b) In the event of your termination of employment by
reason of your Involuntary Termination, death, Disability or Retirement, the Stock Option
shall remain exercisable until the earlier of the second anniversary of the date of such
termination and the Expiration Date; provided, however, that the
Stock Option shall remain exercisable as an Incentive Stock Option for one year after the
date of your termination due to death or Disability and for a period of ninety days after
your Involuntary Termination or any other termination. Thereafter, the Stock Option shall
automatically convert into a Nonqualified Stock Option for the remainder of the exercise
period described in this Section 5(b).

          6. EXERCISE.  You may exercise your Stock
Option, to the extent vested, in whole or in part during its term by delivering a written
notice of exercise (in a form designated by or otherwise acceptable to the Company)
together with the exercise price to the Secretary of the Company, or to such other person
as the Company may designate, during regular business hours, together with such additional
documents as the Company may then require. The Stock Option may be exercised for whole
shares of Common Stock only.

          7. TRANSFERABILITY. Your Stock Option is
not transferable, except by will or by the laws of descent and distribution and is
exercisable during your life only by you. Notwithstanding the foregoing, by delivering
written notice to the Company, in a form satisfactory to the Company, you may designate a
third party who, in the event of your death, shall thereafter be entitled to exercise your
Stock Option.

          8. STOCK OPTION NOT A SERVICE CONTRACT.
Your Stock Option is not an employment or service contract, and nothing in your Stock
Option shall be deemed to create in any way whatsoever any obligation on your part to
continue in the employ of the Company or one of its subsidiaries, or of the Company or any
of its subsidiaries to continue your employment. In addition, nothing in your Stock Option
shall obligate the Company or any of its subsidiaries, their respective shareholders,
Boards of Directors, officers or employees to continue any relationship that you might
have as a director, advisor or consultant for the Company or subsidiary.

          9. WITHHOLDING OBLIGATIONS. You may satisfy
any applicable tax withholding obligation relating to the exercise or acquisition of
Common Stock under your Stock Option by any of the following means (in addition to the
right of the Company or any of subsidiaries to withhold from any compensation it paid to
you) or by a combination of such means: (a) tendering a cash payment; (b) authorizing the
Company to withhold shares from the shares of Common Stock otherwise deliverable to you as
a result of the exercise of your Stock Option (but no more than the minimum required
withholding liability); or (c) delivering to the Company owned and unencumbered shares of
Common Stock that, in the case of shares acquired previously from the Company, you have
owned for at least six months prior to such delivery.

          10. NOTICES. Any notices provided for you
in your Stock Option or the Plan shall be given in writing and shall be deemed effectively
given upon receipt or, in the case of notices sent by the Company to you, if sent by
registered or certified mail and addressed to you at the last address you provided to the
Company.

 

          11. LIMITATIONS ON INCENTIVE STOCK OPTIONS.
To the extent that the aggregate fair market value of stock with respect to which any
Incentive Stock Options you hold are exercisable for the first time during any calendar
year under all plans of the Company and its subsidiaries, exceeds $100,000, such Stock
Option will be treated as Nonqualified Stock Options.

          12. PLAN DOCUMENT CONTROLS. Your Stock
Option is subject to all the provisions of the Plan, the provisions of which are hereby
made a part of your Stock Option, and is further subject to all interpretations,
amendments, rules and regulations which may from time to time be promulgated and adopted
pursuant to the Plan. Except for terms with respect to which the Plan expressly defers to
this Award Agreement, in the event of any conflict between the provisions of your Stock
Option and those of the Plan, the provisions of the Plan shall control.

          IN WITNESS WHEREOF, the
parties hereto have duly executed this Award Agreement as of            .

	 	PATHMARK STORES, INC.

By: _____________________________

        _____________________________

         EXECUTIVEExibit 10.1

                           UNITED NATURAL FOODS, INC.

                                     FORM OF

                        INCENTIVE STOCK OPTION AGREEMENT

      1. Grant of Option. United Natural Foods, Inc., a Delaware corporation
(the "Company"), hereby grants to ____________ (the "Optionee"), an option,
pursuant to the Company's 1996 Stock Option Plan (the "Plan"), to purchase an
aggregate of _______ shares of Common Stock ("Common Stock") of the Company at a
price of $_____ per share, purchasable as set forth in and subject to the terms
and conditions of this option and the Plan. Except where the context otherwise
requires, the term "Company" shall include the parent and all present and future
subsidiaries of the Company as defined in Sections 424(e) and 424(f) of the
Internal Revenue Code of 1986, as amended or replaced from time to time (the
"Code").

      2. Incentive Stock Option. This option is intended to qualify as an
incentive stock option ("Incentive Stock Option") within the meaning of Section
422 of the Code.

      3. Exercise of Option and Provisions for Termination.

            (a) Vesting Schedule. Except as otherwise provided in this
Agreement, this option may be exercised prior to the tenth anniversary of the
date of grant (hereinafter the "Expiration Date") in installments as to not more
than the number of shares set forth in the table below during the respective
installment periods set forth in the table below.

                                                   Number of
                                              Shares as to which
             Exercise Period                 Option is Exercisable
             ---------------                 ---------------------

          ---------------------                 ---------------

The right of exercise shall be cumulative so that if the option is not exercised
to the maximum extent permissible during any exercise period, it shall be
exercisable, in whole or in part, with respect to all shares not so purchased at
any time prior to the Expiration Date or the earlier termination of this option.
This option may not be exercised at any time on or after the Expiration Date.

            (b) Exercise Procedure. Subject to the conditions set forth in this
Agreement, this option shall be exercised by the Optionee's delivery of written
notice of exercise to the Treasurer of the Company, specifying the number of
shares to be purchased and the purchase price to be paid therefor and
accompanied by payment in full in accordance with Section 4. Such exercise shall
be effective upon receipt by the Treasurer of the Company of such written notice
together with the required payment. The Optionee may purchase less than the
number of shares covered hereby, provided that no partial exercise of this
option may be for any fractional share or for fewer than ten whole shares.
<PAGE>

            (c) Continuous Employment Required. Except as otherwise provided in
this Section 3, this option may not be exercised unless the Optionee, at the
time he or she exercises this option, is, and has been at all times since the
date of grant of this option, an employee of the Company. For all purposes of
this option, (i) "employment" shall be defined in accordance with the provisions
of Section 1.421-7(h) of the Income Tax Regulations or any successor
regulations, and (ii) if this option shall be assumed or a new option
substituted therefor in a transaction to which Section 424(a) of the Code
applies, employment by such assuming or substituting corporation (hereinafter
called the "Successor Corporation") shall be considered for all purposes of this
option to be employment by the Company.

            (d) Exercise Period Upon Termination of Employment. If the Optionee
ceases to be employed by the Company for any reason, then, except as provided in
paragraphs (e) and (f) below, the right to exercise this option shall terminate
90 days after such cessation (but in no event after the Expiration Date),
provided that this option shall be exercisable only to the extent that the
Optionee was entitled to exercise this option on the date of such cessation. The
Company's obligation to deliver shares upon the exercise of this option shall be
subject to the satisfaction of all applicable federal, state and local income
and employment tax withholding requirements, arising by reason of this option
being treated as a non-statutory option or otherwise.

            (e) Exercise Period Upon Death or Disability. If the Optionee dies
or becomes disabled (within the meaning of Section 22(e)(3) of the Code) prior
to the Expiration Date while he or she is an employee of the Company, or if the
Optionee dies within 90 days after the Optionee ceases to be an employee of the
Company (other than as the result of a discharge for "cause" as specified in
paragraph (f) below), this option shall be exercisable, within the period of one
year following the date of death or disability of the Optionee (but in no event
after the Expiration Date), by the Optionee or by the person to whom this option
is transferred by will or the laws of descent and distribution, provided that
this option shall be exercisable only to the extent that this option was
exercisable by the Optionee on the date of his or her death or disability.
Except as otherwise indicated by the context, the term "Optionee", as used in
this option, shall be deemed to include the estate of the Optionee or any person
who acquires the right to exercise this option by bequest or inheritance or
otherwise by reason of the death of the Optionee.

            (f) Discharge for Cause. If the Optionee, prior to the Expiration
Date, is discharged by the Company for "cause" (as defined below), the right to
exercise this option shall terminate immediately upon such cessation of
employment. "Cause" shall mean willful misconduct in connection with the
Optionee's employment or willful failure to perform his or her employment
responsibilities in the best interests of the Company (including, without
limitation, breach by the Optionee of any provision of any employment,
nondisclosure, non-competition or other similar agreement between the Optionee
and the Company), as determined by the Company, which determination shall be
conclusive. The Optionee shall be considered to have been discharged "for cause"
if the Company determines, within 30 days after the Optionee's resignation, that
discharge for cause was warranted.

      4. Payment of Purchase Price.
<PAGE>

            (a) Method of Payment. Payment of the purchase price for shares
purchased upon exercise of this option shall be made (i) by delivery to the
Company of cash or a check to the order of the Company in an amount equal to the
purchase price of such shares, (ii) subject to the consent of the Company, by
delivery to the Company of shares of Common Stock of the Company then owned by
the Optionee having a fair market value equal in amount to the purchase price of
such shares, (iii) by any other means which the Board of Directors determines
are consistent with the purpose of the Plan and with applicable laws and
regulations (including, without limitation, the provisions of Rule 16b-3 under
the Securities Exchange Act of 1934 and Regulation T promulgated by the Federal
Reserve Board), or (iv) by any combination of such methods of payment.

            (b) Valuation of Shares or Other Non-Cash Consideration Tendered in
Payment of Purchase Price. For the purposes hereof, the fair market value of any
share of the Company's Common Stock or other non-cash consideration which may be
delivered to the Company in exercise of this option shall be determined in good
faith by the Board of Directors of the Company.

            (c) Delivery of Shares Tendered in Payment of Purchase Price. If the
Optionee exercises options by delivery of shares of Common Stock of the Company,
the certificate or certificates representing the shares of Common Stock of the
Company to be delivered shall be duly executed in blank by the Optionee or shall
be accompanied by a stock power duly executed in blank suitable for purposes of
transferring such shares to the Company. Fractional shares of Common Stock of
the Company will not be accepted in payment of the purchase price of shares
acquired upon exercise of this option.

            (d) Restrictions on Use of Option Stock. Notwithstanding the
foregoing, no shares of Common Stock of the Company may be tendered in payment
of the purchase price of shares purchased upon exercise of this option if the
shares to be so tendered were acquired within twelve (12) months before the date
of such tender, through the exercise of an option granted under the Plan or any
other stock option or restricted stock plan of the Company.

      5. Delivery of Shares; Compliance With Securities Laws, Etc.

            (a) General. The Company shall, upon payment of the option price for
the number of shares purchased and paid for, make prompt delivery of such shares
to the Optionee, provided that if any law or regulation requires the Company to
take any action with respect to such shares before the issuance thereof, then
the date of delivery of such shares shall be extended for the period necessary
to complete such action.

            (b) Listing, Qualification, Etc. This option shall be subject to the
requirement that if, at any time, counsel to the Company shall determine that
the listing, registration or qualification of the shares subject hereto upon any
securities exchange or under any state or federal law, or the consent or
approval of any governmental or regulatory body, or that the disclosure of
non-public information or the satisfaction of any other condition is necessary
as a condition of, or in connection with, the issuance or purchase of shares
hereunder, this option may not be exercised, in whole or in part, unless such
listing, registration, qualification, consent or approval, disclosure or
satisfaction of such other condition shall have been effected or obtained on
terms acceptable to the Board of Directors. Nothing herein shall be deemed to
require the Company to apply for, effect or obtain such listing, registration,
qualification, or disclosure, or to satisfy such other condition.
<PAGE>

      6. Nontransferability of Option. Except as provided in paragraph (e) of
Section 3, this option is personal and no rights granted hereunder may be
transferred, assigned, pledged or hypothecated in any way (whether by operation
of law or otherwise) nor shall any such rights be subject to execution,
attachment or similar process. Upon any attempt to transfer, assign, pledge,
hypothecate or otherwise dispose of this option or of such rights contrary to
the provisions hereof, or upon the levy of any attachment or similar process
upon this option or such rights, this option and such rights shall, at the
election of the Company, become null and void.

      7. No Special Employment Rights. Nothing contained in the Plan or this
option shall be construed or deemed by any person under any circumstances to
bind the Company to continue the employment of the Optionee for the period
within which this option may be exercised.

      8. Rights as a Shareholder. The Optionee shall have no rights as a
shareholder with respect to any shares which may be purchased by exercise of
this option (including, without limitation, any rights to receive dividends or
non-cash distributions with respect to such shares) unless and until a
certificate representing such shares is duly issued and delivered to the
Optionee. No adjustment shall be made for dividends or other rights for which
the record date is prior to the date such stock certificate is issued.

      9. Adjustment Provisions.

            (a) General. If, through, or as a result of, any merger,
consolidation, sale of all or substantially all of the assets of the Company,
reorganization, recapitalization, reclassification, stock dividend, stock split,
reverse stock split or other similar transaction, (i) the outstanding shares of
Common Stock are increased or decreased or are exchanged for a different number
or kind of shares or other securities of the Company, or (ii) additional shares
or new or different shares or other securities of the Company or other non-cash
assets are distributed with respect to such shares of Common Stock or other
securities, the Optionee shall, with respect to this option or any unexercised
portion hereof, be entitled to the rights and benefits, and be subject to the
limitations, set forth in Section 15(a) of the Plan.

            (b) Board Authority to Make Adjustments. Any adjustments under this
Section 9 will be made by the Board of Directors, whose determination as to what
adjustments, if any, will be made and the extent thereof will be final, binding
and conclusive. No fractional shares will be issued pursuant to this option on
account of any such adjustments.

            (c) Limits on Adjustments. No adjustment shall be made under this
Section 9 which would, within the meaning of any applicable provision of the
Code, constitute a modification, extension or renewal of this option or a grant
of additional benefits to the Optionee.

      10. Mergers, Consolidation, Distributions, Liquidations Etc. In the event
of a consolidation or merger or sale of all or substantially all of the assets
of the Company in which outstanding shares of Common Stock are exchanged for
securities, cash or other property of any other corporation or business entity,
or in the event of a liquidation of the Company, prior to the Expiration Date or
termination of this option, the Optionee shall, with respect to this option or
any unexercised portion hereof, be entitled to the rights and benefits, and be
subject to the limitations, set forth in Section 16(a) of the Plan.

<PAGE>

      11. Withholding Taxes. The Company's obligation to deliver shares upon the
exercise of this option shall be subject to the Optionee's satisfaction of all
applicable federal, state and local income and employment tax withholding
requirements.

      12. Limitations on Disposition of Incentive Stock Option Shares. It is
understood and intended that this option shall qualify as an "incentive stock
option" as defined in Section 422 of the Code. Accordingly, the Optionee
understands that in order to obtain the benefits of an incentive stock option
under Section 421 of the Code, no sale or other disposition may be made of any
shares acquired upon exercise of the option within one year after the day of the
transfer of such shares to him, nor within two years after the grant of the
option. If the Optionee intends to dispose, or does dispose (whether by sale,
exchange, gift, transfer or otherwise), of any such shares within said periods,
he or she will notify the Company in writing within ten days after such
disposition.

      13. Miscellaneous.

            (a) Except as provided herein, this option may not be amended or
otherwise modified unless evidenced in writing and signed by the Company and the
Optionee.

            (b) All notices under this option shall be mailed or delivered by
hand to the parties at their respective addresses set forth beneath their names
below or at such other address as may be designated in writing by either of the
parties to one another.

            (c) This option shall be governed by and construed in accordance
with the laws of the State of Connecticut.
<PAGE>

Date of Grant: _________

                                           UNITED NATURAL FOODS, INC.

                                           By: __________________________
                                           Title: _______________________
                                           ______________________________
                                           Address: 260 Lake Road
                                                    Dayville, Connecticut 06241

OPTIONEE'S ACCEPTANCE

      The undersigned hereby accepts the foregoing option and agrees to the
terms and conditions thereof. The undersigned hereby acknowledges receipt of a
copy of the Company's 1996 Stock Option Plan.

                                           OPTIONEE

                                           ___________________________

                                           Address: __________________
                                                    __________________

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