Document:

Exhibit 10.03

 Exhibit 10.03 

Performance Based Option Grant Agreement 

THIS OPTION GRANT AGREEMENT, made as of the          day of
                    ,          between UNDER ARMOUR, INC. (the “Company”) and
                             (the “Grantee”). 

WHEREAS, the Company has adopted and maintains the Amended and Restated 2005 Omnibus Long-Term Incentive Plan (the “Plan”),
attached hereto as Attachment A, or otherwise delivered or made available to Grantee, to promote the interests of the Company and its stockholders by providing key employees and others with an appropriate incentive to encourage them to continue in
the employ or service of the Company and to improve the growth and profitability of the Company; 
 WHEREAS, the Plan provides
for the grant to Grantees of Options to purchase Stock of the Company; 
 NOW, THEREFORE, in consideration of the premises and
the mutual covenants hereinafter set forth, the parties hereto hereby agree as follows: 
 1.     Grant of
Options. Pursuant to, and subject to, the terms and conditions set forth herein and in the Plan, the Company hereby grants to the Grantee a non-qualified stock option (the “Option”) with respect to
                 shares of Stock of the Company. 

2.     Grant Date. The Grant Date of the Option hereby granted is
                        ,         . 

3.     Incorporation of Plan. All terms, conditions and restrictions of the Plan are incorporated herein and made part
hereof as if stated herein. If there is any conflict between the terms and conditions of the Plan and this Option Grant Agreement, the terms and conditions of this Option Grant Agreement, as interpreted by the Committee in its sole discretion, shall
govern, unless explicitly provided to the contrary in the Plan or this Option Grant Agreement. Unless otherwise indicated herein, all capitalized terms used herein shall have the meaning given to such terms in the Plan. 

4.    Option Price. The exercise price per share of Stock underlying the Option granted hereby is
$            . 
 5.    Vesting. Except as
provided in Section 9 and unless the Option has earlier terminated pursuant to this Agreement, the Option shall become exercisable as follows provided the Grantee remains employed by the Company on each such date: 

(a) One-third of the shares of Stock underlying the Option shall become exercisable if the combined Operating Income for the Company for
2011 and 2012 is equal to or greater than $             but less than $            , with 50% of such number of
shares of Stock underlying the Option exercisable on February 15, 2013 and 50% of such number of shares of Stock underlying the Option exercisable on February 15, 2014; OR 

(b) Two-thirds of the shares of Stock underlying the Option shall become exercisable if the combined Operating Income for the Company for
2011 and 2012 is equal to or greater than $             but less than $            , with 50% of such number of
shares of Stock underlying the Option exercisable on February 15, 2013 and 50% of such number of shares of Stock underlying the Option exercisable on February 15, 2014; OR 

(c) All of the shares of Stock underlying the Option shall become exercisable if the combined Operating Income for the Company for 2011
and 2012 is equal to or greater than $            , with 50% of such number of shares of Stock underlying the Option exercisable on February 15, 2013 and 50% of such number of
shares of Stock underlying the Option exercisable on February 15, 2014. 

 As used in this Section 5, the term “Operating Income” shall mean the Company’s income
from operations as reported in the Company’s audited financial statements prepared in accordance with generally accepted accounting principles excluding the impact of any generally accepted accounting principle changes implemented after the
date hereof. 
 6.    Term. Unless the Option has earlier terminated pursuant to the provisions of this Option
Grant Agreement or the Plan, all unexercised portions of the Option shall terminate, and all rights to purchase shares of Stock thereunder shall cease, upon the expiration of ten years from the Grant Date. 

7.    Employment Confidentiality Agreement. As a condition to the grant of the Option, Grantee shall have executed and
become a party to the Employee Confidentiality, Non-Competition and Non-Solicitation Agreement by and between Grantee and the Company (the “Confidentiality, Non-Compete and Non-Solicitation Agreement”) attached hereto as Attachment B.

 8.    Forfeiture. If Grantee should take any actions in violation of the Confidentiality, Non-Competition
and Non-Solicitation Agreement, or in violation of any non-competition agreement entered into between the Grantee and the Company, it will be considered grounds for termination for Cause as defined in Section 9(a) of this Agreement, and all
unexercised portions of the Option, whether vested or not, will terminate, be forfeited and will lapse, as provided in Section 9(a). 

9.    Termination of Service. 

(a) Termination of Service for Cause. Unless the Option has earlier terminated pursuant to the provisions of this
Option Grant Agreement or the Plan, all unexercised portions of the Option, whether vested or unvested, will terminate and be forfeited upon a termination of the Grantee’s Service for Cause. For purposes of this Option Grant Agreement only,
“Cause” shall be defined as any of the following: 
 i. the Grantee’s material misconduct or neglect in the
performance of his duties; 
 ii. the Grantee’s conviction for, or plea of nolo contendere to any felony, or a misdemeanor
(excluding a petty misdemeanor) involving dishonesty, fraud, financial impropriety, or moral turpitude, or any crime of sufficient import to potentially discredit or adversely affect the Company’s ability to conduct its business in the normal
course; 
 iii. the Grantee’s use of illegal drugs; 

iv. the Grantee’s material breach of the Company’s written Code of Ethics and Business Conduct, as in effect from time to time;

 v. the Grantee’s material breach of this Agreement, including but not limited to breach of the Confidentiality,
Non-Compete and Non-Solicitation Agreement attached hereto as Attachment B; or 
 vi. Grantee’s commission of any act that
results in severe harm to the Company excluding any act taken by the Grantee in good faith that he reasonably believed was in the best interest of the Company. 

(b) Termination of Service other than for Cause. Unless the Option has earlier terminated pursuant to the provisions
of this Option Grant Agreement or the Plan, the vested portion of the Option shall terminate one hundred eighty (180) days following the termination of the Grantee’s Service due to death or Disability and thirty (30) days following
the termination of the Grantee’s Service for any other reason other than for Cause. The Grantee (or the Grantee’s guardian, legal representative, executor, personal representative or the person to whom the Option shall have been
transferred by will or the laws of descent and distribution, as the case may be) may exercise all or any part of the vested portion of the Option during such post termination of employment period, but not later than the end of the term of the

 
Option. Any portion of the Option which is unvested as of the date of termination of service shall immediately terminate. 

Nothing in this Agreement shall be construed as a contract of employment between the Company (or an affiliate) and Grantee, or as a contractual right
of Grantee to continue in the employ of the Company (or an affiliate), or as a limitation of the right of the Company (or an affiliate) to discharge Grantee at any time for any reason, including reasons other than for Cause as defined herein. 

 10.    Effect of a Change in Control. In the event of a Change in Control, all of the shares of Stock
underlying the Option as provided in Section 1 hereof shall be immediately vested on such Change in Control. 

11.    Delays or Omissions. No delay or omission to exercise any right, power or remedy accruing to any party hereto
upon any breach or default of any party under this Option Grant Agreement, shall impair any such right, power or remedy of such party nor shall it be construed to be a waiver of any such breach or default, or an acquiescence therein, or of or in any
similar breach or default thereafter occurring nor shall any waiver of any single breach or default be deemed a waiver of any other breach or default theretofore or thereafter occurring. Any waiver, permit, consent or approval of any kind or
character on the part of any party of any breach or default under this Option Grant Agreement, or any waiver on the part of any party or any provisions or conditions of this Option Grant Agreement, shall be in writing and shall be effective only to
the extent specifically set forth in such writing. 
 12.    Transferability of Options. During the lifetime
of the Grantee, only the Grantee or a Family Member who received all or part of the Option, not for value, (or, in the event of legal incapacity or incompetence, the Grantee’s guardian or legal representative) may exercise the Option. The
Option shall not be assignable or transferable by the Grantee other than to a Family Member, not for value, or by will or the laws of descent and distribution. 

13.    Manner of Exercise. The vested portion of the Option may be exercised, in whole or in part, by delivering
written notice to the Stock Option Administrator designated by the Company. Such notice may be in electronic or other form as used by the Stock Option Administrator in its ordinary course of business and as may be amended from time to time, and
shall: 
 (a)    state the election to exercise the Option and the number of shares in respect of which it
is being exercised; 
 (b)    be accompanied by (i) cash, check, bank draft or money order in the
amount of the Option Price payable to the order of the Stock Option Administrator designated by the Company; or (ii) certificates for shares of the Company’s Stock (together with duly executed stock powers) or other written authorization
as may be required by the Company to transfer shares of such Stock to the Company, with an aggregate value equal to the Option Price of the Stock being acquired; or (iii) a combination of the consideration described in clauses (i) and
(ii). Grantee may transfer Stock to pay the Option Price for Stock being acquired pursuant to clauses (ii) and (iii) above only if such transferred Stock (x) was acquired by the Grantee in open market transactions, (y) has been
owned by Grantee for longer than six months, and (z) the Grantee is not subject to any other restrictions on transferring Company securities pursuant to Company policy or federal law. 

In addition to the exercise methods described above and subject to other restrictions which may apply, the Grantee may exercise the Option through a
procedure known as a “cashless exercise,” whereby the Grantee delivers to the Stock Option Administrator designated by the Company an irrevocable notice of exercise in exchange for the Company issuing shares of the Company’s Stock
subject to the Option to a broker previously designated or approved by the Company, versus payment of the Option Price by the broker to the Company, to the extent permitted by the Committee or the Company and subject to such rules and procedures as
the Committee or the Company may determine. Grantee may elect to satisfy any tax withholding obligations due upon exercise of the Option, in whole or in part, by delivering to the Company shares of Stock otherwise deliverable upon exercise of the
Option as provided under the Plan. 

 14.    Integration. This Option Grant Agreement, and the other documents
referred to herein or delivered pursuant hereto, which form a part hereof contain the entire understanding of the parties with respect to its subject matter and there are no restrictions, agreements, promises, representations, warranties, covenants
or undertakings with respect to the subject matter hereof other than those expressly set forth in such documents. This Option Grant Agreement and the Plan supersede all prior agreements and understandings between the parties with respect to its
subject matter. 
 15.    Electronic Delivery. The Company may choose to deliver certain statutory materials
relating to the Plan in electronic form. By accepting this grant Grantee agrees that the Company may deliver the Plan prospectus and the Company’s annual report to Grantee in an electronic format. If at any time Grantee would prefer to receive
paper copies of these documents, as Grantee is entitled to receive, the Company would be pleased to provide copies. Grantee should contact
                                         
        to request paper copies of these documents. 

16.    Counterparts. This Option Grant Agreement may be executed in two or more counterparts, each of which shall be
deemed an original, but all of which shall constitute one and the same instrument. 
 17.    Governing Law.
This Option Grant Agreement shall be governed by and construed and enforced in accordance with the laws of the State of Maryland without regard to the provisions thereof governing conflict of laws. 

18.    Grantee Acknowledgment. The Grantee hereby acknowledges receipt of a copy of the Plan and that the Option is
subject to the terms of the Plan. The Participant hereby acknowledges that all decisions, determinations and interpretations of the Committee in respect of the Plan, this Option Grant Agreement and the Option shall be final and conclusive.

 IN WITNESS WHEREOF, the Company has caused this Option Grant Agreement to be duly executed
by its duly authorized officer and said Participant has hereunto signed this Option Grant Agreement on his own behalf, thereby representing that he has carefully read and understands this Option Grant Agreement and the Plan as of the day and year
first written above. 
  

			
	UNDER ARMOUR, INC.
		
	By:	 	 
		
	GRANTEEForm of Long-Term Cash Performance Award Letter

 Exhibit 10.1 

                      
      , 2010 
 [Name] 

[Title] 
  

	 Re:
	 WESTLAKE CHEMICAL CORPORATION 

	  
	 LONG-TERM CASH PERFORMANCE AWARD 

Dear: 

Westlake Chemical Corporation (the “Company”) is pleased to notify you that you have been granted an award for the 2010-2012
performance cycle with a target value of $                         (“Performance Award”). This Performance Award
is granted effective                         , 2010 (the “Grant Date”), subject to the following terms and
conditions: 
  

	 	 1.
	 Relationship to Plan. This Performance Award is subject to all of the terms, conditions and provisions of the Westlake Chemical Corporation
2004 Omnibus Incentive Plan (the “Plan”) and administrative interpretations thereunder, if any, which have been adopted by the Administrator and are in effect on the date hereof. Except as defined herein, capitalized terms shall have the
same meanings ascribed to them under the Plan. 

  

	 	 2.
	 Payment Schedule. 

  

	 	 (a)
	 The amount of the Performance Award shall be calculated based on the Company’s achievement of certain performance conditions, as set forth on
Exhibit A (the “Performance Condition”) during the 2010-2012 performance cycle, which is the period from January 1, 2010 through December 31, 2012. The Performance Award shall be paid to you in cash as soon as practicable
following the date the Administrator determines to what extent the Performance Conditions were satisfied, provided, however, that you are employed by the Company or any of its Subsidiaries on such payment date.

 For the avoidance of doubt, you must be in continuous regular, full-time employment with
the Company or any of its Subsidiaries from the Grant Date through the date this Performance Award is paid in order to be eligible to receive this Performance Award. 
  

	 	 (b)
	 The Performance Award shall be paid to you at the target level, irrespective of the limitations set forth in subparagraph (a) above, in the
event of your termination of employment with the Company or any of its Subsidiaries due to death, with such amount multiplied by a fraction, the numerator of which is the number of days of employment with the Company or any of its Subsidiaries you
completed after December 31, 2009 and prior to your death, and the denominator of which is the total number of days in the period from January 1, 2010 through December 31, 2012. Such Performance Award shall be paid to your beneficiary
within 70 days following your death. 

  

	 	 3.
	 Forfeiture of Performance Award. If your employment with the Company or any of its Subsidiaries terminates other than by reason of death,
your Performance Award shall be forfeited. 

  

	 	 4.
	 Withholding. At the time of the payment of the Performance Award, the Company shall withhold an amount of cash equal to the amount necessary
to satisfy the minimum federal, state and local tax withholding obligation with respect to this Performance Award. 

  

	 	 5.
	 Assignment of Performance Award. Your rights under the Plan and this Performance Award are personal; no assignment or transfer of your rights
under and interest in this Performance Award may be made by you other than by will or by the laws of descent and distribution. 

  

	 	 6.
	 No Employment Guaranteed. No provision of this Performance Award shall give you any right to continued employment with the Company or any
Subsidiary. 

	 	 7.
	 Governing Law. This Performance Award shall be governed by, construed, and enforced in accordance with the laws of the State of Texas.

  

	 	 8.
	 Section 409A. Any payments under this Performance Award are intended to be exempt from Section 409A of the Internal Revenue Code of
1986, as amended, by compliance with the short-term deferral exemption as specified in Treas. Reg. § 1.409A-1(b)(4), and the provisions of this Performance Award shall be administered, interpreted and construed accordingly.

 EXHIBIT A 

Performance Conditions 
  

	 1.
	 Definition of Performance Condition. The Performance Condition for the 2010-2012 performance cycle shall be based on relative total
shareholder return (“TSR”) as compared to a peer group of companies. TSR means stock price growth for a defined measurement period, plus any dividends paid. For purposes of determining TSR, the stock price shall be calculated based on the
daily average stock price for the trading days occurring during the ninety-calendar-day period immediately prior to the beginning and end of the measurement period. TSR shall be measured against the peer companies determined by the Administrator and
shall be based on a measurement period starting on January 1, 2010 and ending on December 31, 2012 (the “Determination Date”). 

  

	 2.
	 Calculation of Performance Award. The amount of the Performance Award shall be determined as set forth on the following chart:

  

							
	  	 	 Threshold Performance
	 	 Target Performance
	 	 Maximum
Performance

	 Payment Rate
	 	 25% of target value
	 	 100% of target value
	 	 200% of target value

	
Performance Rate

(relative TSR)
	 	 33.3% ile
	 	 50% ile
	 	 75% ile

As soon as practicable after the Determination Date, the Administrator shall evaluate the level of achievement of the
Performance Condition and if at least a threshold level of the Performance Condition was achieved, the Administrator shall certify the level of achievement of the Performance Condition in writing and shall pay the amount of the Performance Award no
later than April 1 after the Determination Date. 
 The Performance Award for performance between Threshold
Performance and Target Performance, or between Target Performance and Maximum Performance, shall be determined by linear interpolation between the values listed in the chart above. However, in no event shall the amount potentially payable to you
under this Performance Award exceed the payment rate for Maximum Performance. For the avoidance of doubt, if the Threshold Performance condition is not satisfied, no amount shall be payable to you pursuant to this Performance Award. 

 

	 3.
	 Adjustments. If a change in control of the Company occurs, and as a result the Administrator determines that the relative TSR calculation
would no longer be fairly representative of the Company’s performance, the Administrator may make such adjustments to the Performance Condition as it deems necessary in the calculation of the Company’s TSR.

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