Document:

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                                                                    EXHIBIT 10.3

Optionee:
Grant Date:
Number of Shares:
Price per Share:

                    STOCK OPTION AGREEMENT ENTERED INTO UNDER

                     BRIGHT HORIZONS FAMILY SOLUTIONS, INC.

                 AMENDED AND RESTATED 1998 STOCK INCENTIVE PLAN

      THIS STOCK OPTION AGREEMENT is made and entered into this ______ OF ____,
20__, by and between Bright Horizons Family Solutions, Inc. ("BFAM"), a Delaware
corporation (the "Company"), and _______________ ("Optionee"). Capitalized terms
not otherwise defined herein shall have the meaning ascribed to such terms in
the Bright Horizons Family Solutions, Inc. Amended and Restated 1998 Stock
Incentive Plan (the "Plan").

1.    GRANT OF NON-QUALIFIED STOCK OPTION. Company hereby grants to Optionee the
      option (the "Option") to purchase ____ shares (the "Optioned Shares") of
      the Company's common stock, $0.01 par value per share (the "Common
      Stock"), for a price of $___ per share. It is intended that the option
      evidenced by this agreement shall be a Non-Qualified Stock Option, as it
      does not meet the requirements of, and is not governed by, the rules of
      Sections 421 through 424 of the Internal Revenue Code of 1986, as amended
      from time to time (the "Code").

2.    OPTION PLAN. This Option is granted under the Plan. This Option is subject
      to the terms and conditions set forth in the Plan. In the event any of the
      provisions hereof conflict with or are inconsistent with the provisions of
      the Plan, the provisions of the Plan shall be controlling.

3.    TIMING OF EXERCISE. Subject to Section 6 below, the Option shall be
      exercisable on the following dates and in the following amounts:

<TABLE>
<CAPTION>
              Number of Shares for Which Options
    Date            Becomes Exercisable            % of Original Grant Vested
------------  ----------------------------------   ---------------------------
<S>           <C>                                  <C>

____________  __________________________________   __________________________

____________  __________________________________   __________________________

____________  __________________________________   __________________________

____________  __________________________________   __________________________

____________  __________________________________   __________________________

____________  __________________________________   __________________________

</TABLE>

Optionee may exercise this Option, in whole or in part, at any time prior to __
years from the date of grant of this Option. This Option will expire __ years
from the date of grant of this

<PAGE>

Option with respect to any then unexercised portion hereof. Under no
circumstances will the life of the Option exceed 10 years from the date of grant
of the Option.

4.    MANNER OF EXERCISE. This Option shall be exercised by Optionee (or other
      party entitled to exercise the Option under Section 6 hereof) by
      delivering written notice to the Company, or its designated agent, stating
      the number of shares of Common Stock purchased, the person or persons in
      whose name the shares are to be registered and each such person's address
      and social security number. Such notice shall not be effective unless
      accompanied by the full purchase price for all shares so purchased. The
      purchase price shall be payable in cash or such other instrument as the
      Committee shall accept. Payment in currency or by certified check,
      cashier's check, postal money order or wire transfer shall be considered
      payment in cash. In the event the Committee in its discretion permits
      payment in the Company's Common Stock, the shares used in payment of the
      purchase price must have been held for at least six months prior to the
      date of exercise and shall be considered payment to the extent of their
      fair market value, determined pursuant to the Plan, on the date of
      exercise of this Option.

5.    NONTRANSFERABILITY OF OPTION. This Option shall not be transferable by
      Optionee except pursuant to the Plan. The terms of this Option shall be
      binding on the executors, administrators, heirs, successors, and assigns
      of Optionee.

6.    TERMINATION OF SERVICE. If the Optionee's position as a director of the
      Company terminates by reason of death, this Option, to the extent it was
      exercisable at the time of death, may thereafter be exercised by the legal
      representative of the estate or by the legatee of the Optionee under the
      will of the Optionee, for a period of one year after the date of such
      death or until the expiration of the stated term of the Option, whichever
      period is the shorter. If the Optionee's position as a director of the
      Company terminates by reason of Normal or Early Retirement or Disability,
      this Option may thereafter be exercised by the Optionee, to the extent it
      was exercisable at the time of termination, for a period of three months
      (in the case of Normal or Early Retirement) or one year (in the case of
      Disability) after the date of such termination or until the expiration of
      the stated term of Option, whichever period is the shorter. If the
      Optionee's position as a director of the Company is voluntarily terminated
      (other than for Normal or Early Retirement or Disability) or is
      involuntarily terminated for any reason other than death, Normal or Early
      Retirement or Disability, this Option shall thereupon terminate, except
      that the Option may be exercised by the Optionee, to the extent otherwise
      then exercisable, for the lesser of three months or the balance of the
      term of such Option, but with respect to an involuntary termination, only
      if the involuntary termination is without Cause (as defined in the Plan).

7.    RESTRICTIONS ON PURCHASES AND SALES OF SHARES. This Option is subject to
      the requirement that if at any time the Board shall determine that the
      listing, registration or qualification of the shares subject to this
      Option upon any securities exchange or under any state or Federal law, or
      the consent or approval of any governmental regulatory body is necessary
      or desirable in connection with the issue or transfer of shares subject to
      this Option, in such event this Option may not be exercised in whole or in
      part unless such listing, registration, qualification, consent or approval
      shall have been effected or obtained free of any conditions

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      not acceptable to the Board. If required at any time by the Board, this
      Option may not be exercised until Optionee has delivered an investment
      letter to the Company containing the representations that all shares being
      purchased pursuant to the exercise of the Option are being acquired for
      investment and not with a view to , or for resale in connection with, any
      distribution of such shares. The Optionee further agrees that if the
      shares of Common Stock to be issued upon the exercise of this option are
      not subject to an effective registration statement filed with the
      Securities and Exchange Commission pursuant to be requirements of the 1933
      Act, such shares shall bear an appropriate restrictive legend.

8.    ADJUSTMENT. The number of shares of Common Stock of the Company subject to
      this Option and the price per share of such shares may be adjusted by the
      Board of Directors from time to time pursuant to the Plan.

9.    NOTICE OF DISPOSITION. The person exercising this Option shall notify the
      Company when making any disposition of the shares acquired upon exercise
      of this option, whether by sale, gift or otherwise.

10.   PAYMENT OF TAXES. If at the time this Option is exercised the Board of
      Directors determines that under applicable law and regulations the Company
      is liable for withholding of any federal and state tax with respect to the
      exercise of this option, Optionee shall pay to the Company, or make
      arrangements satisfactory to the Committee regarding payment of, any
      federal, state, or local taxes of any kind required by law to be withheld
      with respect to such amount.

11.   NO RIGHTS UNTIL EXERCISE. Optionee shall have no rights hereunder as a
      shareholder with respect to any shares of Common Stock subject to this
      Option until the date of issuance of a stock certificate to the Optionee
      for such shares.

12.   AMENDMENT. This Option may be amended as provided in the Plan.

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IN WITNESS WHEREOF, the Company has caused this Option to be executed under its
corporate seal by its duty authorized officer. This Option shall take effect as
a sealed instrument.

                             BRIGHT HORIZONS FAMILY SOLUTIONS, INC.

                             By:    _____________________________________
                             Name:  _____________________________________
                             Title: _____________________________________
                             Date:  _____________________________________

Please keep one copy for your records and return by MAIL THE OTHER COPY OF THIS
PAGE acknowledging its receipt.

Optionee:
Grant Date:
Number of Shares:
Price per Share:

                                             RECEIVED BY:

                                             (OPTIONEE NAME)

                                             ___________________________________
                                             Signature

                                             ___________________________________
                                             Title

                                             ___________________________________
                                             Date

Return to:  Name
            Title
            Bright Horizons Family Solutions, Inc.
            200 Talcott Avenue South
            Watertown, MA  02472                       Date Printed ____________<PAGE>

                                                                    EXHIBIT 10.4

[MF1]                   BRIGHT HORIZONS FAMILY SOLUTIONS, INC.

                           RESTRICTED STOCK AGREEMENT

      This RESTRICTED STOCK AGREEMENT (the "Agreement") is by and between Bright
Horizons Family Solutions, Inc., a Delaware corporation (the "Company"), and
______________ ("Grantee") pursuant to the Company's Amended and Restated 1998
Stock Incentive Plan. Capitalized terms not otherwise defined herein shall have
the meaning ascribed to such terms in the Company's Plan.

      WHEREAS, the Company has adopted the Plan, which permits the issuance of
restricted shares of the Company's common stock, par value $0.01 per share (the
"Common Stock"); and

      WHEREAS, pursuant to the Plan, the Board has granted an award of
restricted stock to the Grantee as provided herein;

      Section 1. Restricted Stock Award. The Grantee is hereby granted the right
to receive _______ shares (the "Restricted Stock") of the Company's Common
Stock, subject to the terms and conditions of this Agreement and the Plan, for a
price of $_____ per share.

      Section 2. Vesting of the Award. Grantee shall not acquire any vested
interest in the Restricted Stock and may not sell, transfer, pledge, assign or
otherwise encumber the Restricted Stock prior to _________ ("Vested Date(s)").
On the Vested Date(s), the Restricted Stock shall vest in the percentages set
forth below:

<TABLE>
<CAPTION>
                            PERCENTAGE OF RESTRICTED
VESTED DATE                      STOCK VESTING
------------------          -------------------------
<S>                         <C>
                                       __%

                                       __%

                                       __%

                                       __%

                                       __%
</TABLE>

      Section 3. Distribution of Restricted Stock. The Restricted Stock will be
distributed to the Grantee as soon as practicable after the Vested Date.

      Section 4. Voting Rights and Dividends. Prior to the distribution of the
Restricted Stock, certificates representing shares of Restricted Stock will be
held by the Company (the "Custodian") in the name of the Grantee. Except as
provided in Section 2, Grantee shall have, with respect to the

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shares of Restricted Stock, all of the rights of a stockholder of the Company,
including the right to vote the shares and the right to receive any cash
dividends. The Custodian will take such action as is necessary and appropriate
to enable the Grantee to vote the Restricted Stock. All cash dividends received
by the Custodian, if any, with respect to the Restricted Stock will be remitted
to the Grantee at the time the Restricted Stock is distributed. Stock dividends
issued with respect to the Restricted Stock shall be treated as additional
shares of Restricted Stock that are subject to the same restrictions and other
terms and conditions that apply to the shares of Restricted Stock.
Notwithstanding the foregoing, no voting or dividend rights shall inure to the
Grantee following the forfeiture of the Restricted Stock pursuant to Section 5.

      Section 5. Restrictions; Forfeiture. Prior to the vesting of any
Restricted Stock, Grantee is prohibited from selling, transferring, pledging,
assigning or otherwise encumbering such unvested Restricted Stock. Upon (i) the
termination of Grantee's employment with the Company or its Subsidiaries,
whether voluntary or involuntary (including, except as noted below, by death or
disability), except for termination by reason of Normal or Early Retirement, or
(ii) upon the sale, transfer, pledge, assignment or other encumbrance of any
unvested Restricted Stock in violation of the preceding sentence, that portion
of Grantee's Restricted Stock that has not previously vested shall be
immediately forfeited. If, however, Grantee's employment with the Company or its
Subsidiaries terminates by reason of Normal Retirement or Early Retirement or if
Grantee dies during a period when Grantee could have terminated his employment
by reason of Normal Retirement or Early Retirement, that portion of the
Grantee's Restricted Stock that has not previously vested shall continue to vest
in accordance with the term set out pursuant to Section 2.

      Section 6. Governing Provisions. This Agreement is made under and subject
to the provisions of the Plan, and all of the provisions of the Plan are also
provisions of this Agreement. If there is a difference or conflict between the
provisions of this Agreement and the provisions of the Plan, the provisions of
the Plan will govern. By signing this Agreement, the Grantee confirms that he or
she has received a copy of the Plan.

      Section 7. Tax Election. The Grantee may, but is not required to, elect to
apply the tax rules of Section 83(b) of the Internal Revenue Code of 1986, as
amended (the "Code"), to the issuance of the Restricted Stock. If the Grantee
makes an affirmative election under Section 83(b) of the Code, the Grantee will
notify the Company within 90 days after making such election.

      Section 8. Tax Withholding. The Company may withhold from any distribution
of Restricted Stock an amount of Common Stock equal to such federal, state or
local taxes as shall be required to be withheld pursuant to any applicable law
or regulation, unless the Company agrees to accept a payment of cash in the
amount of such withholding taxes.

      Section 9. Change of Control. Upon a Change in Control (as defined in the
Plan), all restrictions under the Plan and the Agreement with respect to the
Restricted Stock, including the restriction on transfer set forth in Sections 5
and 11(g) hereof, shall automatically expire and be of no

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 further force or effect.

      Section 10. Legend. Each certificate representing Restricted Stock shall
bear a legend in substantially the following form:

            THIS CERTIFICATE AND THE SHARES OF STOCK REPRESENTED HEREBY ARE
            SUBJECT TO THE TERMS AND CONDITIONS (INCLUDING FORFEITURE AND
            RESTRICTIONS AGAINST TRANSFER) CONTAINED IN THE BRIGHT HORIZONS
            FAMILY SOLUTIONS, INC. AMENDED AND RESTATED 1998 STOCK INCENTIVE
            PLAN (THE "PLAN") AND THE RESTRICTED STOCK AGREEMENT (THE
            "AGREEMENT") BETWEEN THE OWNER OF THE RESTRICTED STOCK REPRESENTED
            HEREBY AND BRIGHT HORIZONS FAMILY SOLUTIONS, INC. (THE "COMPANY").
            THE RELEASE OF SUCH STOCK FROM SUCH TERMS AND CONDITIONS SHALL BE
            MADE ONLY IN ACCORDANCE WITH THE PROVISIONS OF THE PLAN AND THE
            AGREEMENT, COPIES OF WHICH ARE ON FILE AT THE COMPANY.

      Section 11. Miscellaneous.

            a. Entire Agreement. This Agreement and the Plan contain the entire
      understanding and agreement between the Company and the Grantee concerning
      the Restricted Stock granted hereby, and supersede any prior or
      contemporaneous negotiations and understandings. The Company and Grantee
      have made no promises, agreements, conditions, or understandings relating
      to the Restricted Stock, either orally or in writing, that are not
      included in this Agreement and the Plan.

            b. Employment. By establishing the Plan, granting awards under the
      Plan, and entering into this Agreement, the Company does not give the
      Grantee any right to continue to be employed by the Company or to be
      entitled to any remuneration or benefits not set forth in this Agreement
      or the Plan. None of the provisions of this Agreement or the Plan will
      interfere with or limit the right of the Company to terminate the
      Grantee's employment at any time.

            c. Captions. The captions and section numbers appearing in this
      Agreement are inserted only as a matter of convenience. They do not
      define, limit, construe, or describe the scope or intent of the provisions
      of this Agreement.

            d. Counterparts. This Agreement may be executed in counterparts,
      each of which when signed by the Company and the Grantee will be deemed an
      original and all of

                                       3

<PAGE>

      which together will be deemed the same Agreement.

            e. Notice. Any notice or communication having to do with this
      Agreement must be given by personal delivery or by certified mail, return
      receipt requested, addressed, if to the Company, to the principal office
      of the Company, and, if to the Grantee, to the Grantee's last known
      address provided by the Grantee to the Company.

            f. Amendment. This Agreement may be amended by the Company, provided
      that unless the Grantee consents in writing, the Company cannot amend this
      Agreement if the amendment will materially change or impair the Grantee's
      rights under this Agreement and such change is not to the Grantee's
      benefit.

            g. Succession and Transfer. Each and all of the provisions of this
      Agreement are binding upon and inure to the benefit of the Company and the
      Grantee and their heirs, successors, and assigns. However, neither the
      Restricted Stock nor this Agreement is transferable prior to the Vested
      Date.

            h. Governing Law. This Agreement shall be governed and construed
      exclusively in accordance with the laws of the State of Delaware
      applicable to agreements to be performed in the State of Delaware.

                       [Signature Page on Following Page]

                                       4

<PAGE>

      IN WITNESS WHEREOF, the Company and Grantee have executed this Agreement
to be effective as of _________, 20__.

                                         BRIGHT HORIZONS FAMILY SOLUTIONS, INC.

                                         By:
                                            ___________________________________

                                         Name:
                                            ___________________________________

                                         Title:
                                            ___________________________________

                                         Received:

                                         Name of Grantee
                                            ___________________________________

                                         Signature of Grantee
                                            ___________________________________

                                         Date
                                            ___________________________________

                                       5

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