Document:

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                                                                    Exhibit 10.2
                                                 Officers and Employee Directors

                               TREX COMPANY, INC.
                              Amended and Restated
                      1999 Stock Option and Incentive Plan
                      Non-Incentive Stock Option Agreement

Grant Date:                                Stock Option Exercise Price:
Last Date to Exercise: __________ /1/

Number of Shares of Common Stock
Covered by Grant of Options:

We are pleased to inform you that the Board of Directors has granted you an
option (the "Option") to purchase Trex Company, Inc. common stock. Your grant
has been made under the Company's Amended and Restated 1999 Stock Option and
Incentive Plan (the "Plan"), which, together with the terms contained in this
Agreement, sets forth the terms and conditions of your grant and is incorporated
herein by reference. If any provisions of the Agreement should appear to be
inconsistent with the Plan, the Plan will control.

                                       This stock option grant has been executed
                                       and delivered as of _______________ on
                                       behalf of Trex Company, Inc.

                                       _________________________________________
                                       Name:
                                       Title:

ACCEPTED AND AGREED TO:

_____________________
    Employee Name

  This is not a stock certificate or a negotiable instrument. Transferable only
                      pursuant to Section 11.2 of the Plan.

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

/1/ Certain events can cause an earlier termination of the Option. See "Effects
    of Changes in Capitalization" in the Plan.

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1. Vesting:

Subject to the terms of the Plan, the Option becomes vested as to 25% of the
shares of Stock purchasable pursuant to the Option on the first anniversary of
the date of grant of the Option, if you have been providing services to the
Company or a Subsidiary continuously from the Option's date of grant to the
first anniversary of the date of grant (the "Anniversary Date") and, so long as
continuous provision of services has not been interrupted, the Option becomes
vested as to an additional 25% of the shares of Stock subject to the Option on
each of the next three (3) Anniversary Dates. Notwithstanding the foregoing, if
you should incur an Involuntary Termination within a one year period following a
Change in Control, the Option shall become 100% vested at the time of your
termination. "Change in Control" means the dissolution or liquidation of the
Company or a merger, consolidation, or reorganization of the Company with one or
more other entities in which the Company is not the surviving entity, (ii) a
sale of substantially all of the assets of the Company to another person or
entity, or (iii) any transaction (including without limitation a merger or
reorganization in which the Company is the surviving entity) which results in
any person or entity (other than persons who are shareholders or Affiliates
immediately prior to the transaction) owning 50% or more of the combined voting
power of all classes of stock of the Company. "Involuntary Termination" means a
termination of employment by the Company for a reason other than Cause or by you
if the Company takes any action which results in a diminution in any material
respect with your position (including status, offices, titles and reporting
requirements), compensation authority, duties or responsibilities, excluding for
this purpose an isolated, insubstantial and inadvertent action not taken in bad
faith and which is remedied by the Company promptly after receipt of notice
thereof given by you.

2. Exercise:

You may exercise this Option, in whole or in part, to purchase a whole number of
vested shares at any time of not less than 100 shares, unless the number of
shares purchased is the total number available for purchase under the Option, by
following the exercise procedures as set forth in the Plan. All exercises must
take place before the Last Date to Exercise (shown on the cover sheet), or such
earlier date following your death, disability, retirement, or your ceasing to
provide services as described below under "Service Requirements." The number of
shares you may purchase as of any date cannot exceed the total number of shares
vested by that date, less any shares you have previously acquired by exercising
this Option.

3. Service Requirements and Termination of Option:

If your service terminates, except as provided in Section 1 above and this
Section 3, all further vesting of shares under this Option stops and all
unvested shares are canceled.

If your service terminates for a reason other than: (i) for Cause or (ii)
because of your death, permanent and total disability or retirement, you will
have ninety (90) days after your provision of services ceases to exercise your
vested Option shares, but in no event may the Option be exercised after the Last
Date to Exercise. After the 90 days have elapsed, your Option will terminate.

If your service terminates because of your death, permanent and total
disability, or retirement, you or your estate will have a period of five years
to exercise any Options, whether or not the Options were otherwise exercisable
at the time of your death, permanent and total disability, or retirement, but in
no event may the Options be exercised after the Last Date to Exercise. After the
five year period has elapsed, your Options will terminate.

Your Option will terminate immediately upon termination of your services for
Cause. "Cause" means, as determined by the Board, (i) gross negligence or
willful misconduct in connection with the performance of duties; (ii) conviction
of a felony or of a crime involving moral turpitude; or (iii) material breach of
any term of any employment, consulting or other services, confidentiality,
intellectual property or non-competition agreements.

4. Taxes and Withholding:

This Option shall not constitute an incentive stock option within the meaning of
Section 422 of the Internal Revenue Code of 1986, as amended. In the event that
the Company determines that any federal, state, local or foreign tax or
withholding payment is required relating to the exercise or sale of shares
arising from this grant, the Company shall have the right to require such
payments from you, or withhold such amounts from other payments due to you from
the Company, a Subsidiary or an Affiliate.

5. Transferability:

The Option may be transferred in a manner consistent with Section 11.2 of the
Plan.

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6. Non-Competition With the Company:

   Covenants of the Optionee. By accepting the benefits of this Agreement, the
Optionee acknowledges that (i) the principal business of the Company is the
manufacturing and sale of wood-plastic composite lumber (the "Present
Business"); (ii) the Optionee constitutes one of a limited number of persons who
have developed the Present Business; (iii) the Optionee's work for the Company
has given and will continue to give the Optionee access to the confidential
affairs and proprietary information of the Company not readily available to the
public; and (iv) the agreements and covenants of the Optionee contained in this
Section 6 are essential to the business and goodwill of the Company.
Accordingly, in consideration of the benefits being provided by this Agreement,
the Optionee is subject to the agreements and covenants set forth in this
Section 6.

   Covenant Against Competition. While the Optionee is employed by the Company
and for a period of one (1) year after the termination of the Optionee's
employment with the Company for any reason (such period commencing on the date
hereof is hereinafter referred to as the "Restricted Period"), the Optionee
shall not, directly or indirectly, own, manage, operate, join or control, or
participate in the ownership, management, operation or control of, or be a
proprietor, director, officer, stockholder, member, partner or an employee or
agent of, or a consultant to any business, firm, corporation, partnership or
other entity which engages in (A) the Present Business, or (B) any other
principal line of business developed by the Company after the date hereof but
prior to the date of termination of Optionee's employment with the Company (a
"New Business") in any state of the United States and Canada; provided, however,
that the Optionee may own, directly or indirectly, solely as an investment,
securities of any business, firm, corporation, partnership or other entity which
are traded on any national securities exchange or the Nasdaq National Market if
the Optionee (A) is not a controlling person of, or a member of a group which
controls, such entity and (B) does not, directly or indirectly, own 1% or more
of any class of securities of such entity.

   Confidential Information. From and after the date of this Agreement, the
Optionee shall not at any time, directly or indirectly, disclose to any person,
business, firm, corporation, partnership or other entity any confidential or
proprietary information concerning the Company, its business, its suppliers or
its customers. All information, whether written or otherwise, regarding the
Company's business, including, but not limited to, information regarding
customers, customer lists, costs, prices, earnings, systems, operating
procedures, prospective and executed contracts and other business arrangements,
and sources of supply are presumed to be confidential information of the Company
for purposes of this Agreement. The Optionee shall return to the Company all
books, records, lists and other written, typed or printed materials, whether
furnished by the Company or prepared by the Optionee, which contain any
information relating to the Company, its business, its suppliers or its
customers, promptly upon termination of the Optionee's service with the Company,
and the Optionee shall neither make nor retain any copies of such material
without the prior written consent of the Company.

   Cumulative Provisions. The covenants and agreements contained in this Section
6 are independent of each other and are cumulative.

   Acknowledgments. By accepting the benefits of this Agreement, the Optionee
acknowledges the broad scope of the covenants contained in this Section 6, but
agrees that such covenants are reasonable in light of the scope of the
Optionee's duties and knowledge of the Company. The Optionee further
acknowledges and agrees that the covenants contained in this Section 6 do not
unreasonably restrict his employment opportunities or unduly burden or deprive
the Optionee of a means of earning a livelihood.

   Remedies for Breach. By accepting the benefits of this Agreement, the
Optionee acknowledges and agrees that his obligations to the Company are unique
and that any breach or threatened breach of such obligations may result in
irreparable harm and substantial damages to the Company. Accordingly, in the
event of a breach or threatened breach by the Optionee of any of the provisions
of this Section 6, the Company shall have the right, in addition to exercising
any other remedies at law or equity which may be available to it under this
Agreement or otherwise, to obtain ex parte, preliminary, interlocutory,
temporary or permanent injunctive relief, specific performance and other
equitable remedies in any court of competent jurisdiction, to prevent the
Optionee from violating such provision or provisions or to prevent the
continuance of any violation thereof, together with an award or judgment for any
and all damages, losses, liabilities, expenses and costs incurred by the Company
as a result of such breach or threatened breach including, but not limited to,
attorneys' fees incurred by the Company in connection with, or as a result of,
the enforcement of these covenants. The Optionee expressly waives any
requirement based on any statute, rule or procedure or other source that the
Company post a bond as a condition of obtaining any of the above-described
remedies. In addition to the foregoing remedies, if the Optionee should take
actions in competition with the Company, as specified in this Section 6, the
Company shall have the right to cause a forfeiture of the rights of the
Optionee, including, but not limited to, the right to cause the Optionee to
forfeit: (i) any outstanding

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Option, and (ii) any gain recognized by the Optionee upon the exercise of an
Option during the period commencing twelve (12) months prior to the Optionee's
termination of employment or other relationship with the Company due to taking
actions in competition with the Company and ending twelve (12) months following
such termination of employment or other relationship.

   Divisibility. By accepting the benefits of this Agreement, the Optionee
agrees that the provisions of this Section 6 are divisible and separable so that
if any provision or provisions hereof shall be held to be unreasonable, unlawful
or unenforceable, such holding shall not impair the remaining provisions hereof.
If any provision hereof is held to be unreasonable, unlawful or unenforceable in
duration, geographical scope or character of restriction by any court of
competent jurisdiction, such provision shall be modified to the extent necessary
in order that any such provision or portion thereof shall be legally enforceable
to the fullest extent permitted by law, and the parties hereto do hereby
expressly authorize any court of competent jurisdiction to enforce any such
provision or portion thereof or to modify any such provision or portion thereof
in order that any such provision or portion thereof shall be enforced by such
court to the fullest extent permitted by applicable law.

   Definition of the Company. For the purposes of this Section 6 only, any
reference to the "Company" shall be deemed to include the Company, any division,
affiliate or subsidiary of the Company and any and all subsidiaries, divisions
or affiliates acquired or formed by any of such entities after the date hereof.

   Non-Integration. The provisions of this Section 6 shall be independent of any
similar provisions contained in any employment agreement, stock option agreement
or other agreement between an Optionee and the Company.

                                    * * * * *

                                        3<PAGE>

                                                                    Exhibit 10.3

                               TREX COMPANY, INC.

                              AMENDED AND RESTATED
                    1999 INCENTIVE PLAN FOR OUTSIDE DIRECTORS

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                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                                   Page
                                                                                   ----
<S>                                                                                <C>
1.  DEFINITIONS ................................................................     1
2.  PURPOSE ....................................................................     2
3.  SHARES SUBJECT TO THE PLAN .................................................     2
4.  ANNUAL DIRECTOR FEES .......................................................     3
    4.1.  General ..............................................................     3
    4.2.  Form of Annual Fee ...................................................     3
    4.3.  Valuation of Options .................................................     3
5.  GRANT DATE .................................................................     3
6.  OPTION PRICE ...............................................................     3
7.  TERM OF OPTIONS ............................................................     3
8.  VESTING OF OPTIONS .........................................................     4
9.  SERVICE TERMINATION ........................................................     4
10. ELECTION TO RECEIVE ADDITIONAL OPTIONS .....................................     4
    10.1. Election Form ........................................................     4
    10.2. Time for Filing Election Form .......................................      4
    10.3. Modification of the Election Form ....................................     5
11. ADMINISTRATION .............................................................     5
    11.1. Committee ............................................................     5
    11.2. Rules for Administration .............................................     5
    11.3. Committee Action .....................................................     5
    11.4. Delegation ...........................................................     6
    11.5. Services .............................................................     5
    11.6. Indemnification ......................................................     5
12. AMENDMENT AND TERMINATION ..................................................     5
13. GENERAL PROVISIONS .........................................................     6
    13.1. Limitation of Rights .................................................     6
    13.2. No Rights as Stockholders ............................................     6
    13.3. Rights as a Non-Employee Director ....................................     6
    13.4. Assignment, Pledge or Encumbrance ....................................     7
    13.5. Binding Provisions ...................................................     6
    13.6. Notices ..............................................................     6
    13.7. Governing Law ........................................................     6
    13.8. Withholding ..........................................................     7
    13.9. Effective Date .......................................................     7
</TABLE>

                                       -i-

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DEFINITIONS

               To the extent any capitalized words used in this Plan are not
defined, they shall have the definitions stated for them in the Trex Company,
Inc. Amended and Restated 1999 Stock Option and Incentive Plan

1.1      "Annual Director Fee" means an annual fee earned by an Eligible
          Director for service on the Board of Directors.

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

1.3      "Committee" means the Administrative Committee which administers the
         Plan.

1.4      "Common Stock" means the common stock, par value $0.01 per share, of
         the Company.

1.5      "Company" means Trex Company, Inc., a Delaware corporation, or any
         successor thereto.

1.6      "Election  Form" means the form used by an Eligible  Director to elect
         to receive all or a portion of his Annual  Director Fee for a Plan Year
         in the form of Options.

1.7      "Eligible  Director"  for each Plan Year means a member of the Board of
         Directors who is not an employee of the Company or any Subsidiary.

1.8      "Fair Market Value" means the closing price of a share of Common Stock
         reported on the New York Stock Exchange (the "NYSE") on the date Fair
         Market Value is being determined, provided that if there is no closing
         price reported on such date, the Fair Market Value of a share of Common
         Stock on such date shall be deemed equal to the closing price as
         reported by the NYSE for the last preceding date on which sales of
         shares of Common Stock were reported. Notwithstanding the foregoing, in
         the event that the shares of Common Stock are listed upon more than one
         established stock exchange, "Fair Market Value" means the closing price
         of the shares of Common Stock reported on the exchange that trades the
         largest volume of shares of Common Stock on the date Fair Market Value
         is being determined. If the Common Stock is not at the time listed or
         admitted to trading on a stock exchange, Fair Market Value means the
         mean between the lowest reported bid price and highest reported asked
         price of the Common Stock on the date in question in the
         over-the-counter market, as such prices are reported in a publication
         of general circulation selected by the Board and regularly reporting
         the market price of Common Stock in such market. If the Common Stock is
         not listed or admitted to trading on any stock exchange or traded in

                                       -1-

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     the over-the-counter market, Fair Market Value shall be as determined in
     good faith by the Board.

1.9  "Grant Date" has the meaning set forth in Section 0 hereof.

1.10 "Option" means a non-qualified Option granted pursuant to the Trex Company,
     Inc. 1999 Stock Option and Incentive Plan.

1.11 "Option Agreement" means the written agreement between the Company and the
     Participant that evidences and sets out the terms and conditions of the
     Option.

1.12 "Option Price" has the meaning set forth in Section 0 hereof.

1.13 "Participant" for any Plan Year means an Eligible Director who participates
     in the Plan for that Plan Year in accordance with Section 0 hereof.

1.14 "Plan" means the Trex Company, Inc. Amended and Restated 1999 Incentive
     Plan for Outside Directors as set forth herein and as amended from time to
     time.

1.15 "Plan Year" means each fiscal year of the Company.

1.16 "Subsidiary" means any "subsidiary corporation" of the Company within the
     meaning of Section 424(f) of the Internal Revenue Code of 1986, as amended.

PURPOSE

       The purpose of the Plan is to provide an incentive for Eligible Directors
to increase their equity holdings in the Company so that the financial interests
of the Eligible Directors shall be more closely aligned with the financial
interests of the Company's stockholders.

SHARES SUBJECT TO THE PLAN

       The shares of Common Stock issuable under the Plan shall be issued
pursuant to the Trex Company, Inc. Amended and Restated 1999 Stock Option and
Incentive Plan.

ANNUAL DIRECTOR FEES

     General

       Each Eligible Director shall be entitled to an Annual Director Fee which
is equal in value to twenty-five thousand dollars ($25,000); provided, however,
that such Annual Director Fee may be adjusted by the Board. The Cash Portion of
the Annual Director Fee as defined in Section 0 hereof (after reduction pursuant
to

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Section 0 hereof) shall be paid to an Eligible Director in four equal quarterly
installments in arrears on the first business day of each quarter of the Plan
Year in which the Eligible Director is providing services to the Company.

     Form of Annual Fee

         The Annual Director Fee shall be paid in the form of: (i) an Option
representing fifty percent (50%) of the value of the Annual Director Fee and
(ii) cash representing fifty percent (50%) of the value of the Annual Director
Fee (the "Cash Portion of the Annual Director's Fee"); provided, however, that
pursuant to Section 0 hereof, the Eligible Director may elect to receive all or
a portion of the Cash Portion of the Annual Director's Fee in the form of an
Option of equal value.

     Valuation of Options

         The value of all Options to be issued under the Plan shall be
determined pursuant to the Black-Scholes stock option valuation model.

GRANT DATE

         The date of grant for Options granted under the Plan (the "Grant Date")
shall be the first day of the Plan Year.

OPTION PRICE

         The Option Price of the Common Stock covered by each Option granted
under the Plan shall be the Fair Market Value of such Common Stock on the Grant
Date.

TERM OF OPTIONS

         Each Option granted under the Plan shall terminate, and all rights to
purchase shares of Common Stock thereunder shall cease, upon the expiration of
ten years from the date such Option is granted.

VESTING OF OPTIONS

         On the first anniversary of the Grant Date, the Option shall be
exercisable in respect of 100 percent (100%) of the number of shares covered by
the grant. Any limitation on the exercise of an Option contained in any Option
Agreement may be rescinded, modified or waived by the Committee, in its sole
discretion, at any time and from time to time after the date of grant of such
Option. The Option shall be exercisable, in whole or in part, at any time and
from time to time, after becoming exercisable and prior to the termination of
the Option; provided, that no single exercise of the Option shall be for less
than 100 shares, unless the number of shares purchased is the total number at
the time available for purchase under the Option.

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SERVICE TERMINATION

       Except as otherwise provided in the Option Agreement, upon the
termination of service (a "Service Termination") of the Participant as a
director of the Company for any reason, any Option granted to a Participant
pursuant to the Plan shall become vested, and the Participant shall have the
right, at any time within five years after the date of such Participant's
Service Termination and prior to termination of the Option pursuant to Section 0
hereof, to exercise any Option held by such Participant at the date of such
Participant's Service Termination. After the termination of the Option, the
Participant shall have no further right to purchase shares of Common Stock
pursuant to such Option.

ELECTION TO RECEIVE ADDITIONAL OPTIONS

       Election Form

              A Participant who wishes to be receive all or part of the Cash
Portion of the Annual Director Fee in the form of Options shall file an Election
Form with the Company, in the form and manner prescribed by the Committee.
Filing of a completed Election Form will authorize the Company to issue Options
to the Participant in lieu of all or part of the Cash Portion of the Annual
Director Fee, in accordance with the Participant's instructions on the Election
Form. Options issued pursuant to an election made under this Section 0 shall
vest in accordance with the schedule set forth in Section 0 hereof.

       Time for Filing Election Form

              An Election Form shall be completed and filed by each newly
elected Eligible Director within thirty (30) days after the Participant's
election to the Board, and elections under the Plan made by newly elected
Eligible Directors shall apply to the Participant's Annual Director Fee for the
remainder of the Plan Year. Continuing Directors shall complete an Election Form
prior to the last day of the Plan Year for an Annual Director Fee earned in the
next succeeding Plan Year.

       Modification of the Election Form

              An election made by an Eligible Director pursuant to Section 0
hereof shall be irrevocable for the Plan Year for which such election is made.

ADMINISTRATION

       Committee

              The general administration of the Plan and the responsibility for
carrying out its provisions shall be placed in an Administrative Committee. The
Committee shall consist of at least two members appointed from time to time by
the

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<PAGE>

Board of Directors to serve at the pleasure thereof. The initial Administrative
Committee shall consist of the President and the Chief Financial Officer of the
Company. Any member of the Committee may resign by delivering a written
resignation to the Company, and may be removed at any time by action of the
Board of Directors.

       Rules for Administration

              Subject to the limitations of the Plan, the Committee may from
time to time establish such rules and procedures for the administration and
interpretation of the Plan and the transaction of its business as the Committee
may deem necessary or appropriate. The determination of the Committee as to any
disputed question relating to the administration and interpretation of the Plan
shall be conclusive.

       Committee Action

              Any act which the Plan authorizes or requires the Committee to do
may be done by a majority of its members. The action of such majority, expressed
from time to time by a vote at a meeting (i) in person, (ii) by telephone or
other means by which all members can hear one another or (iii) in writing
without a meeting shall constitute the action of the Committee and shall have
the same effect for all purposes as if assented to by all members of the
Committee at the time in office.

       Delegation

              The members of the Committee may authorize one or more of their
number to execute or deliver any instrument, make any payment or perform any
other act which the Plan authorizes or requires the Committee to do.

       Services

              The Committee may employ or retain agents to perform such
clerical, accounting and other services as it may require in carrying out the
provisions of the Plan.

       Indemnification

              The Company shall indemnify and save harmless each member of the
Committee against all expenses and liabilities arising out of membership on the
Committee, other than expenses and liabilities arising from the such member's
own gross negligence or willful misconduct, as determined by the Board of
Directors.

AMENDMENT AND TERMINATION

              The Company, by action of the Board of Directors or the
Administrative Committee, may at any time or from time to time modify or amend
any or all of the provisions of the Plan, or may at any time terminate the Plan.
No

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<PAGE>

such action shall adversely affect the accrued rights of any Participant
hereunder without the Participant's consent thereto.

GENERAL PROVISIONS

       Limitation of Rights

              No Participant shall have any right to any payment or benefit
hereunder except to the extent provided in the Plan.

       No Rights as Stockholders

              Nothing contained in this Plan shall be construed as giving any
Participant rights as a stockholder of the Company.

       Rights as a Non-Employee Director

              Nothing contained in this Plan shall be construed as giving any
Participant a right to be retained as a non-employee director of the Company.

       Assignment, Pledge or Encumbrance

              No assignment, pledge or other encumbrance of any payments or
benefits under the Plan shall be permitted or recognized and, to the extent
permitted by law, no such payments or benefits shall be subject to legal process
or attachment for the payment of any claim of any person entitled to receive the
same, except to the extent such assignment, pledge or other encumbrance is in
favor of the Company to secure a loan or other extension of credit from the
Company to the Participant.

       Binding Provisions

              The provisions of this Plan shall be binding upon each Participant
as a consequence of the Participant's election to participate in the Plan, upon
the Company, upon the Participant's heirs, executors and administrators and upon
the successors and assigns of the Participant and the Company.

       Notices

              Any election made or notice given by a Participant pursuant to
the Plan shall be in writing to the Committee or to such representative thereof
as may be designated by the Committee for such purpose and shall be deemed to
have been made or given on the date received by the Committee or its
representative.

       Governing Law

              The validity and interpretation of the Plan and of any of its
provisions shall be construed under the laws of the State of Delaware without
giving effect to the choice of law provisions thereof.

                                        6

<PAGE>

       Withholding

              The Company shall have the right to deduct from the amounts
distributable hereunder any federal, state or local taxes required by law to be
withheld with respect to such distributions, and such additional amounts of
withholding as are reasonably requested by the Participant.

       Effective Date

              This Plan shall be effective as of March 12, 1999. The Plan was
amended and restated effective May 14, 2002.

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