Document:

EXHIBIT 10.2 

GEVITY HR 
600 301 Blvd. W.,

P.O. Drawer 25020
Bradenton, FL 34206
(941) 748-4540

Date: _________ 

Dear:________________ 

Pursuant to the terms and conditions
of the company’s 1997 Stock Incentive Plan (the ‘Plan’), you have been a
granted a Non-Qualified Option to purchase ________shares (the
‘Option’) of common stock as outlined below. 

Granted To:_____________________ 

Grant Date: ______________________ 

Options Granted: 

Exercise Price per Share:_______________      Total Cost to Exercise:________________

Expiration  Date:________________________

        The
Option Shares shall become vested in accordance with the following Vesting Schedule. All
or a portion of the Option Shares may become vested on an earlier date as provided in the
attached Terms and Conditions. Options cease to vest upon termination of service.  

         Vesting
Schedule:________________________

        Option
Period: Vested Options may be exercised on or before the last day of service and up to 90 days following termination of service,
but no later than the expiration date of the Option.  If termination of service is due to Death or Disability, vested options may be
exercised for up to 12 months after the optionee ceased to be a Board Member of the Company or Subsidiary. See attached Terms and Conditions for other
limitations that may apply to exercising the Option.

        By
my signature below, I hereby acknowledge receipt of the Option granted on the date shown
above, which has been issued to me under the terms and conditions of the Plan. I further
acknowledge receipt of the copy of the Plan
and agree to conform to all of the terms and conditions of the Option and the Plan. 

  Signature:  ____________________________    Date:  ________________

Keep the optionee statement and one copy of the award letter for your records.
Please sign the extra copy of the award letter and return it to the Corporate Controller

Note: If there are
any discrepancies in the name or address shown above, please 
make the appropriate
corrections on this form.EXHIBIT 10.3 

Amended 5/30/02 

TERMS AND CONDITIONS 
TO
THE
 NON-QUALIFIED STOCK
OPTION AWARD 
PURSUANT TO GEVITY HR, INC.
1997 STOCK INCENTIVE
PLAN

     	1.	
          Exercise of Option. Subject to the provisions of the Plan and the Award
          which is made pursuant to the Gevity HR, Inc. 1997 Stock Incentive Plan and
          subject also to these Terms and Conditions, which are incorporated in and made a
          part of the attached Award. 

          

          		    (a)       
               the Option may be exercised with respect to all or any portion of the Vested
               Option Shares at any time during the Option Period by the delivery to the
               Company, at its principal place of business, of a written notice of exercise in
               substantially the form attached hereto as Exhibit 1; 

               

          		    (b)       
               payment to the Company of the Exercise Price multiplied by the number of
               Vested Option Shares being purchased (the “Purchase Price”) as
               provided in Section 2; and 

               

          		    (c)       
               payment of any tax withholding liability pursuant to Section 4 below. 

               

Upon acceptance of such notice and
receipt of payment in full of the Purchase Price and any tax withholding liability, the
Company shall cause to be issued a certificate representing the Vested Option Shares
purchased. 

     	2.	
          Purchase Price. Payment of the Purchase Price for all Vested Option
          Shares purchased pursuant to the exercise of an Option shall be made 

          

		    (a)                        in
cash or certified check;  

          		    (b)       
               by delivery to the Company of a number of shares of Stock which have been owned
               by the Optionee for at least six (6) months prior to the date of the
               Option’s exercise having a fair market value, as determined under the Plan,
               on the date of exercise either equal to the Purchase Price or in combination
               with cash or a certified check to equal the Purchase Price; 

               

          		    (c)       
               by receipt of the Purchase Price in cash from a broker, dealer or other
               “creditor” as defined by Regulation T issued by the Board of
               Governors of the Federal Reserve System following delivery by the Optionee to
               the Committee of instructions in a form acceptable to the Committee regarding
               delivery to such broker, dealer or other creditor of that number of Option
               Shares with respect to which the Option is exercised; or 

               

		    (d)                     or
any combination of the foregoing.  

     	3.	
          Vested Option Shares. The Option Shares shall become vested in the manner
          provided in the Vesting Schedule attached hereto. In the event of a Change in
          Control, including a Change in Control approved by the Board of Directors, the
          Committee, acting with the consent of the Board of Directors, may accelerate the
          vesting of the Option Shares in whole or in part. Notwithstanding the general
          provisions of the Plan regarding termination of Options, the Option may be
          exercised with respect to Option Shares that become Vested Option Shares on or
          before the last day of the Optionee’s employment with the Company (unless
          employment is terminated for Cause) for up to ninety (90) days following
          termination of employment, but not later than the expiration date of the Option. 

          

     	4.	
          Withholding. The Optionee must satisfy any federal, state and local, if
          any, withholding taxes imposed by reason of the exercise of the Option either by
          paying to the Company the full amount of the withholding obligation (i) in cash,
          (ii) by electing, irrevocably and in writing in substantially the form attached
          hereto as Exhibit 2 (a “Withholding Election”), to have the
          actual number of shares of Stock issuable upon exercise reduced by the smallest
          number of wholes shares of Stock which, when multiplied by the Fair Market Value
          of the Stock as of the date the Option is exercised, is sufficient to satisfy
          the amount of the withholding tax; or (iii) by any combination of the above. The
          Optionee may make a Withholding Election only if the following conditions are
          met: 

          

          		    (a)       
               the Withholding Election is made on or prior to the date on which the amount of
               tax required to be withheld is determined (the “Tax Date”) by
               executing and delivering to the Company a properly completed Withholding
               Election; and 

               

          		    (b)       
               any Withholding Election made will be irrevocable; however, the Committee may,
               in its sole discretion, disapprove and give no effect to any Withholding
               Election. 

               

     	5.	
          Rights as Shareholder. Until the stock certificates reflecting the Option
          Shares accruing to the Optionee upon exercise of the Option are issued to the
          Optionee, the Optionee shall have no rights as a shareholder with respect to
          such Option Shares. The Company shall make no adjustment for any dividends or
          distributions or other rights on or with respect to Option Shares for which the
          record date is prior to the issuance of that stock certificate, except as the
          Plan or the attached Award otherwise provides. 

          

     	6.	
          Restriction on Transfer of Option and of Option Shares. Except as
          otherwise expressly permitted by the Committee in writing, the Option evidenced
          hereby is nontransferable other than by will or the laws of descent and
          distribution and shall be exercisable during the lifetime of the Optionee only
          by the Optionee (or in the event of his disability, by his personal
          representative) and after his death, only by his legatee or the executor of his
          estate. 

          

     	7.	
          Termination for Cause. In the event the Optionee’s service as a
          director with the Company for Cause, the Option shall terminate and the Optionee
          shall thereby not be entitled to exercise the Option to acquire the Option
          Shares. “Cause” for purposes of this Award shall mean (a) the
          conviction of the Optionee of a felony under criminal laws or of a misdemeanor
          under criminal laws involving fraud, embezzlement or theft; or (b) the
          determination of the Board of Directors of the Company that the Optionee has
          become unable as a result of alcohol or illegal drug use to carry out the
          responsibilities of his directorship 

          

     	8.	
          Changes in Capitalization. 

          

          		    (a)       
               Except as provided in Subsection (b) below, if the number of shares of Stock
               shall be increased or decreased by reason of a subdivision or combination of
               shares of Stock, the payment of an ordinary stock dividend in shares of Stock or
               any other increase or decrease in the number of shares of Stock outstanding
               effected without receipt of consideration by the Company, an appropriate
               adjustment shall be made by the Committee, in a manner determined in its sole
               discretion, in the number and kind of Option Shares and in the Exercise Price. 

               

          		    (b)       
               In the event of a merger, consolidation, reorganization, extraordinary dividend
               or other change in the corporate structure of the Company, including a Change in
               Control, or tender offer for shares of Stock, shall provide for an appropriate
               adjustment to the Option or provide for the substitution of a new option which
               adjustment or substitution shall be consistent with the event requiring the
               adjustment or substitution; provided, however, in the event the Company will not
               be the surviving entity as a result of the event and the surviving entity does
               not agree to the adjustment or substitution, the Committee may elect to
               terminate the Option Period as of the date of the Change in Control in
               consideration of the payment to the Optionee of the sum of the difference
               between the then Fair Market Value of the Stock and the Exercise Price for each
               Option Share as to which the Option has not been exercised as of the date of the
               Change in Control. 

               

          		    (c)       
               The existence of the Plan and the Option granted pursuant to this Agreement
               shall not affect in any way the right or power of the Company to make or
               authorize any adjustment, reclassification, reorganization or other change in
               its capital or business structure, any merger or consolidation of the Company,
               any issue of debt or equity securities having preferences or priorities as to
               the Stock or the rights thereof, the dissolution or liquidation of the Company,
               any sale or transfer of all or any part of its business or assets, or any other
               corporate act or proceeding. Any adjustment pursuant to this Section may
               provide, in the Committee’s discretion, for the elimination without payment
               therefor of any fractional shares that might otherwise become subject to any
               Option. 

               

     	9.	
          Special Limitation on Exercise. No purported exercise of the Option shall
          be effective without the approval of the Committee, which may be withheld to the
          extent that the exercise, either individually or in the aggregate together with
          the exercise of other previously exercised stock options and/or offers and sales
          pursuant to any prior or contemplated offering of securities, would, in the sole
          and absolute judgment of the Committee, require the filing of a registration
          statement with the United States Securities and Exchange Commission or with the
          securities commission of any state. If a registration statement is not in effect
          under the Securities Act of 1933 or any applicable state securities law with
          respect to shares of Stock purchasable or otherwise deliverable under the
          Option, the Optionee (a) shall deliver to the Company, prior to the exercise of
          the Option or as a condition to the delivery of Stock pursuant to the exercise
          of an Option exercise, such information, representations and warranties as the
          Company may reasonably request in order for the Company to be able to satisfy
          itself that the Option Shares are being acquired in accordance with the terms of
          an applicable exemption from the securities registration requirements of
          applicable federal and state securities laws and (b) shall agree that the shares
          of Stock so acquired will not be disposed of except pursuant to an effective
          registration statement, unless the Company shall have received an opinion of
          counsel that such disposition is exempt from such requirement under the
          Securities Act of 1933 and any applicable state securities law. 

          

     	10.	
          Legend on Stock Certificates.  Certificates evidencing the Option
          Shares, to the extent appropriate at the time, shall have noted conspicuously on
          the certificates a legend intended to give all persons full notice of the
          existence of the conditions, restrictions, rights and obligations set forth
          herein and in the Plan. 

          

     	11.	
          Governing Laws. This Award and the Terms and Conditions shall be
          construed, administered and enforced according to the laws of the State of
          Florida; provided, however, the Option may not be exercised except in compliance
          with exemptions available under applicable state securities laws of the state in
          which the Optionee resides and/or any other applicable securities laws. 

          

     	12.	
          Successors. This Award and the Terms and Conditions shall be binding upon
          and inure to the benefit of the heirs, legal representatives, successors and
          permitted assigns of the Optionee and the Company. 

          

     	13.	
          Notice. Except as otherwise specified herein, all notices and other
          communications under this Award shall be in writing and shall be deemed to have
          been given if personally delivered or if sent by registered or certified United
          States mail, return receipt requested, postage prepaid, addressed to the
          proposed recipient at the last known address of the recipient. Any party may
          designate any other address to which notices shall be sent by giving notice of
          the address to the other parties in the same manner as provided herein. 

          

     	14.	
          Severability. In the event that any one or more of the provisions or
          portion thereof contained in the Award and these Terms and Conditions shall for
          any reason be held to be invalid, illegal or unenforceable in any respect, the
          same shall not invalidate or otherwise affect any other provisions of the Award
          and these Terms and Conditions, and the Award and these Terms and Conditions
          shall be construed as if the invalid, illegal or unenforceable provision or
          portion thereof had never been contained herein. 

          

     	15.	
          Entire Agreement. Subject to the terms and conditions of the Plan, the
          Award and the Terms and Conditions express the entire understanding of the
          parties with respect to the Option. 

          

     	16.	
          Violation. Any transfer, pledge, sale, assignment, or hypothecation of
          the Option or any portion thereof shall be a violation of the terms of the Award
          or these Terms and Conditions and shall be void and without effect. 

          

     	17.	
          Headings and Capitalized Terms. Section headings used herein are for
          convenience of reference only and shall not be considered in construing the
          Award or these Terms and Conditions. Capitalized terms used, but not defined, in
          either the Award or the Terms and Conditions shall be given the meaning ascribed
          to them in the Plan. 

          

     	18.	
          Specific Performance. In the event of any actual or threatened default
          in, or breach of, any of the terms, conditions and provisions of the Award and
          these Terms and Conditions, the party or parties who are thereby aggrieved shall
          have the right to specific performance and injunction in addition to any and all
          other rights and remedies at law or in equity, and all such rights and remedies
          shall be cumulative. 

          

     	19.	
          No Right to Continued Service. Neither the establishment of the Plan nor
          the award of Option Shares hereunder shall be construed as giving the Optionee
          the right to continued service as a director of the Company. 

          

Amended 5/30/2002 

EXHIBIT 1 to Stock
Option Award — Page 4 

EXHIBIT 1 

NOTICE OF EXERCISE OF STOCK

OPTION TO PURCHASE
COMMON STOCK OF GEVITY
HR, INC. 

 

        Name
_____________________________________ 

        Address
___________________________________ 

        Date
______________________________________ 

Gevity HR, Inc. 
600 301
Boulevard West 
Suite 202
Bradenton, Florida
34205 
Attn: Corporate Secretary 

Re: Exercise of Stock
Option 

Gentlemen: 

        Subject
to acceptance hereof by Gevity HR, Inc. (the “Company”) pursuant to the
provisions of the Gevity HR, Inc. 1997 Stock Incentive Plan (the “Plan”) I
hereby give notice of my election to exercise options granted to me to purchase
______________ shares of common stock $.01 par value (“Common Stock”), of the
Company under the Non-Qualified Award (the “Award”) dated as of ____________.
The purchase shall take place as of __________, 20__ (the “Exercise Date”). 

        On
or before the Exercise Date, I will pay the applicable purchase price as follows: 

         [  ]       
          by delivery of cash or a certified check for $___________ for the full purchase
          price payable to the order of Gevity HR, Inc. 

         [  ]       
          by delivery of cash or a certified check for $___________ representing a portion
          of the purchase price with the balance to consist of shares of Common Stock that
          I have owned for at least six months and that are represented by a stock
          certificate I will surrender to the Company with my endorsement. If the number
          of shares of Common Stock represented by such stock certificate exceed the
          number to be applied against the purchase price, I understand that a new stock
          certificate will be issued to me reflecting the excess number of shares. 

         [  ]       
          by delivery of a stock certificate representing shares of Common Stock that I
          have owned for at least six months which I will surrender to the Company with my
          endorsement as payment of the purchase price. If the number of shares of Common
          Stock represented by such certificate exceed the number to be applied against
          the purchase price, I understand that a new certificate will be issued to me
          reflecting the excess number of shares. 

         [  ]       
          by delivery of the purchase price by _________________________, a broker, dealer
          or other “creditor” as defined by Regulation T issued by the
          Board of Governors of the Federal Reserve System. I hereby authorize the Company
          to issue a stock certificate for the number of shares indicated above in the
          name of said broker, dealer or other creditor or its nominee pursuant to
          instructions received by the Company and to deliver said stock certificate
          directly to that broker, dealer or other creditor (or to such other party
          specified in the instructions received by the Company from the broker, dealer or
          other creditor) upon receipt of the purchase price. 

        The
required federal, state and local income tax withholding obligations, if any, on the
exercise of the Award shall also be paid on or before the Exercise Date in the manner
provided in the Withholding Election previously tendered or to be tendered to the Company
no later than the Exercise Date. 

        As
soon as the stock certificate is registered in my name, please deliver it to me at the
above address. 

        If
the Common Stock being acquired is not registered for issuance to and resale by the
Optionee pursuant to an effective registration statement on Form S-8 (or successor form)
filed under the Securities Act of 1933, as amended (the “1933 Act”), I hereby
represent, warrant, covenant, and agree with the Company as follows: 

        The
shares of the Common Stock being acquired by me will be acquired for my own account
without the participation of any other person, with the intent of holding the Common Stock
for investment and without the intent of participating, directly or indirectly, in a
distribution of the Common Stock and not with a view to, or for resale in connection with,
any distribution of the Common Stock, nor am I aware of the existence of any distribution
of the Common Stock; 

        I
am not acquiring the Common Stock based upon any representation, oral or written, by any
person with respect to the future value of, or income from, the Common Stock but rather
upon an independent examination and judgment as to the prospects of the Company; 

        The
Common Stock was not offered to me by means of publicly disseminated advertisements or
sales literature, nor am I aware of any offers made to other persons by such means; 

        I
am able to bear the economic risks of the investment in the Common Stock, including the
risk of a complete loss of my investment therein; 

        I
understand and agree that the Common Stock will be issued and sold to me without
registration under any state law relating to the registration of securities for sale, and
will be issued and sold in reliance on the exemptions from registration under the 1933
Act, provided by Sections 3(b) and/or 4(2) thereof and the rules and regulations
promulgated thereunder; 

        The
Common Stock cannot be offered for sale, sold or transferred by me other than pursuant to:
(A) an effective registration under the 1933 Act or in a transaction otherwise in
compliance with the 1933 Act; and (B) evidence satisfactory to the Company of compliance
with the applicable securities laws of other jurisdictions. The Company shall be entitled
to rely upon an opinion of counsel satisfactory to it with respect to compliance with the
above laws; 

        The
Company will be under no obligation to register the Common Stock or to comply with any
exemption available for sale of the Common Stock without registration or filing, and the
information or conditions necessary to permit routine sales of securities of the Company
under Rule 144 under the 1933 Act are not now available and no assurance has been given
that it or they will become available. The Company is under no obligation to act in any
manner so as to make Rule 144 available with respect to the Common Stock; 

        I
have and have had complete access to and the opportunity to review and make copies of all
material documents related to the business of the Company, including, but not limited to,
contracts, financial statements, tax returns, leases, deeds and other books and records. I
have examined such of these documents as I wished and am familiar with the business and
affairs of the Company. I realize that the purchase of the Common Stock is a speculative
investment and that any possible profit therefrom is uncertain; 

        I
have had the opportunity to ask questions of and receive answers from the Company and any
person acting on its behalf and to obtain all material information reasonably available
with respect to the Company and its affairs. I have received all information and data with
respect to the Company which I have requested and which I have deemed relevant in
connection with the evaluation of the merits and risks of my investment in the Company; 

        I
have such knowledge and experience in financial and business matters that I am capable of
evaluating the merits and risks of the purchase of the Common Stock hereunder and I am
able to bear the economic risk of such purchase; and 

        The
agreements, representations, warranties and covenants made by me herein extend to and
apply to all of the Common Stock of the Company issued to me pursuant to this Award.
Acceptance by me of the certificate representing such Common Stock shall constitute a
confirmation by me that all such agreements, representations, warranties and covenants
made herein shall be true and correct at that time. 

        I
understand that the certificates representing the shares being purchased by me in
accordance with this notice shall bear a legend referring to the foregoing covenants,
representations and warranties and restrictions on transfer, and I agree that a legend to
that effect may be placed on any certificate which may be issued to me as a substitute for
the certificates being acquired by me in accordance with this notice. 

	 	
Very
truly yours,

_________________________________________________

AGREED TO AND ACCEPTED: GEVITY HR, INC. 

By:______________________________________________  

Title:
__________________________________________  

Number of Shares

Exercised:_______________________________________  

Number of Shares 
Remaining:
______________________________________  

Date: _________________________ 

Amended 5/30/2002 

EXHIBIT 2 to Stock
Option Award — Page 2 

EXHIBIT 2 

NOTICE OF WITHHOLDING
ELECTION 
GEVITY HR, INC. 1997 STOCK INCENTIVE PLAN 

TO:               
Gevity HR, Inc.
                  
Attn: Corporate Secretary 

FROM:  

RE: Withholding Election 

        This
election relates to the Option identified in Paragraph 3 below. I hereby certify that: 

               	 	(1) 	
                    My correct name and social security number and my current address are set forth
                    at the end of this document. 

                    

               	 	(2) 	
                    I am (check one, whichever is applicable). 

                    

	 	                  [ ]  	the
original recipient of the Option. 

	 	                  [ ]  	the
legal representative of the estate of the original recipient of the Option. 

	 	                  [ ]  	a
legatee of the original recipient of the Option. 

	 	                  [ ]  	the
legal guardian of the original recipient of the Option. 

               	 	(3) 	
                    The Option pursuant to which this election relates was issued under the Gevity
                    HR, Inc. 1997 Stock Incentive Plan in the name of _____________________ for the
                    purchase of a total of __________ shares of Common Stock. This election relates
                    to _____________ shares of Common Stock issuable upon exercise of the Option
                    (the “Stock”), provided that the numbers set forth above shall be
                    deemed changed as appropriate to reflect the applicable Plan provisions. 

                    

               	 	(4) 	
                    In connection with any exercise of the Option with respect to Stock, I hereby
                    elect: 

                    

	 	
[
] to have certain shares otherwise issuable pursuant to the exercise withheld by the
Company for the purpose of having the value of the shares applied to pay federal, state
and local, if any, taxes arising from the exercise. 

	 	
[
] to tender shares held by me for a period of at least six (6) months prior to the
exercise of the Option for the purpose of having the value of the shares applied to pay
such taxes. 

	 	
The
shares to be withheld, or tendered, as the case may be, shall have, as of the Tax Date
applicable to the exercise, a fair market value equal to the minimum statutory tax
withholding requirement under federal, state and local law in connection with the
exercise. 

               	 	(5) 	
                    This Withholding Election is made no later than the Tax Date and is otherwise
                    timely made pursuant to the Plan. 

                    

               	 	(6) 	
                    I understand that this Withholding Election may not be revised, amended or
                    revoked by me. 

                    

	 	(7) 	The
Plan has been made available to me by the Company, I have read and
               understand the Plan and I have no reason to believe that any of the
conditions                therein to the making of this Withholding Election have not
been met.                Capitalized terms used in this Notice of Withholding Election
shall have the                meanings given to them in the Plan.  

	 	(8)	                 Capitalized
terms used in this Notice of Withholding Election without definition           shall have
the meanings given to them in the Plan.  

Dated:   ____________________ 

____________________________________

Signature 

____________________________________

Name (printed) 

___________________________________

Street Address 

____________________________________

City, State, Zip Code

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