Document:

<PAGE>

                                                                    Exhibit 10.8

                      NON-QUALIFIED STOCK OPTION AGREEMENT

                                PICOR CORPORATION
                      2001 STOCK OPTION AND INCENTIVE PLAN

Name of Optionee: ______________________   ID: _______________
No. of Option Shares: __________________   Option Number: ________
Option Exercise Price per Share: _______   Grant Date: ________
                                           Plan: ______________

     Pursuant to the Picor Corporation 2001 Stock Option and Incentive Plan, as
amended through the date hereof (the "Plan"), Picor Corporation (the "Company")
hereby grants to the Optionee named above an option (the "Stock Option") to
purchase on or prior to the Expiration Date specified above all or part of the
number of shares of Common Stock, par value $.01 per share (the "Stock"), of the
Company at the Option Exercise Price per Share specified above subject to the
terms and conditions set forth herein and in the Plan.

     1. Exercisability Schedule. No portion of this Stock Option may be
exercised until such portion shall have become exercisable. Except as set forth
below, and subject to the discretion of the Administrator (as defined in Section
2 of the Plan) to accelerate the exercisability schedule hereunder, this Stock
Option shall be exercisable with respect to the following number of Option
Shares on the dates indicated:

<TABLE>
        Number of
Option Shares Exercisable   Exercisability Date   Expiration Date
-------------------------   -------------------   ---------------
<S>                         <C>                   <C>

</TABLE>

     Once exercisable, this Stock Option shall continue to be exercisable at any
time or times prior to the close of business on the Expiration Date, subject to
the provisions hereof and the Plan.

<PAGE>

     2. Manner of Exercise.

          (a) The Optionee may exercise this Stock Option only in the following
manner: from time to time on or prior to the Expiration Date of this Stock
Option, the Optionee may give written notice to the Administrator of his or her
election to purchase some or all of the Option Shares purchasable at the time of
such notice. This notice shall specify the number of Option Shares to be
purchased.

     Payment of the purchase price for the Option Shares may be made by one or
more of the following methods: (i) in cash, by certified or bank check or other
instrument acceptable to the Administrator; or (ii) through the delivery (or
attestation to the ownership) of shares of Stock that have been beneficially
owned by the Optionee for at least six months and are not then subject to any
restrictions under any Company plan; or (iii) a combination of (i) and (ii)
above. Payment instruments will be received subject to collection.

     The delivery of certificates representing the Option Shares will be
contingent upon the Company's receipt from the Optionee of full payment for the
Option Shares, as set forth above and any agreement, statement or other evidence
that the Company may require to satisfy itself that the issuance of Stock to be
purchased pursuant to the exercise of Stock Options under the Plan and any
subsequent resale of the shares of Stock will be in compliance with applicable
laws and regulations. In the event the Optionee chooses to pay the purchase
price by previously-owned shares of Stock through the attestation method, the
number of shares of Stock transferred to the Optionee upon the exercise of the
Stock Option shall be net of the Shares attested to.

          (b) Certificates for shares of Stock purchased upon exercise of this
Stock Option shall be issued and delivered to the Optionee upon compliance to
the satisfaction of the Administrator with all requirements under applicable
laws or regulations in connection with such issuance and with the requirements
hereof and of the Plan. The determination of the Administrator as to such
compliance shall be final and binding on the Optionee. The Optionee shall not be
deemed to be the holder of, or to have any of the rights of a holder with
respect to, any shares of Stock subject to this Stock Option unless and until
this Stock Option shall have been exercised pursuant to the terms hereof, the
Company shall have issued and delivered the shares to the Optionee, and the
Optionee's name shall have been entered as the stockholder of record on the
books of the Company. Thereupon, the Optionee shall have full voting, dividend
and other ownership rights with respect to such shares of Stock. The Optionee
acknowledges and agrees that Stock acquired upon exercise of this Stock Option
shall be subject to the terms and conditions of the Stock Restriction Agreement
between the Optionee and the Company.

          (c) The minimum number of shares with respect to which this Stock
Option may be exercised at any one time shall be 100 shares, unless the number
of shares with respect to which this Stock Option is being exercised is the
total number of shares subject to exercise under this Stock Option at the time.

          (d) Notwithstanding any other provision hereof or of the Plan, no
portion of this Stock Option shall be exercisable after the Expiration Date
hereof.

                                       2

<PAGE>

     3. Termination of Employment. If the Optionee's employment by the Company
or a Subsidiary (as defined in the Plan) is terminated, the period within which
to exercise the Stock Option may be subject to earlier termination as set forth
in the Plan.

     4. Incorporation of Plan. Notwithstanding anything herein to the contrary,
this Stock Option shall be subject to and governed by all the terms and
conditions of the Plan, including the powers of the Administrator set forth in
Section 2(b) of the Plan. Capitalized terms in this Agreement shall have the
meaning specified in the Plan, unless a different meaning is specified herein.

     5. Transferability. Notwithstanding any agreement between the Company and
the Optionee to the contrary, this Agreement is personal to the Optionee, is
non-assignable and is not transferable in any manner, by operation of law or
otherwise, other than by will or the laws of descent and distribution. This
Stock Option is exercisable, during the Optionee's lifetime, only by the
Optionee, and thereafter, only by the Optionee's legal representative or
legatee.

     6. Miscellaneous.

          (a) Notice hereunder shall be given to the Company at its principal
place of business, and shall be given to the Optionee at the address set forth
below, or in either case at such other address as one party may subsequently
furnish to the other party in writing.

          (b) This Stock Option does not confer upon the Optionee any rights
with respect to continuance of employment by the Company or any Subsidiary.

                                        PICOR CORPORATION

                                        By:
                                            ------------------------------------
                                        Name:
                                              ----------------------------------
                                        Title:
                                               ---------------------------------

The foregoing Agreement is hereby accepted and the terms and conditions thereof
hereby agreed to by the undersigned.

Dated:
       --------                         ----------------------------------------
                                        Optionee's Signature

                                        Optionee's name and address:

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

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

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

                                       3exv10w14

 

Exhibit 10.14

	 	 	 
	 

	 	<Date>

<Name>

<Address Line 1>

<Address Line 2>

Dear (Direct Reports to the CEO),

Congratulations!

I am
pleased to inform you that effective on <Date>, you have been selected to receive a
Dynamics Research Corporation (“DRC”) restricted stock grant of XXXX shares, subject to terms and
conditions set forth in DRC’s 2000 Incentive Plan document (available to you on-line through
Fidelity’s website). Your selection to receive this stock grant has been based on your superior
past performance and clear potential for making significant contributions to the future success of
DRC.

During the
week of <Date>, you will receive a Restricted Stock Award “Welcome Kit”
from Fidelity Investments Stock Plan Services Group. This kit will supply you with specific
information about restricted stock grants, as well as instructions for completing the on-line
acceptance of your restricted stock grant and, if appropriate, information on the 83(b) election
process.

In prior years, DRC issued Incentive Stock Options (ISO’s) to employees. Beginning in 2004, and
continuing for this year, we are issuing Restricted Stock. There are significant differences
between stock options and restricted stock grants. Stock options provide the holder with the right
to purchase DRC stock at a pre-determined price in the future after vesting. Gains from vested and
exercised stock options occur when the current fair market value exceeds the grant price. With
restricted stock, an employee is actually awarded shares of the company’s common stock with
restrictions. In this instance, the Board of Directors has required two restrictions. The first
is the employee’s continued employment with the company through a vesting period, and the second is
that the employee cannot sell the vested stock until one year after such vesting. Similar to stock
options, these restricted shares vest 1/3 each year beginning on the first anniversary date of the
grant. Once these restrictions lapse (the shares vest and the holding period has expired), the
employee owns the shares of DRC stock outright. Because

 

 

restricted shares are much more valuable than ISO’s, far fewer restricted shares are granted to
employees in comparison to ISO’s.

As a DRC key employee and owner of the company through receiving DRC restricted stock, you can
realize significant benefit as the company prospers. This prosperity requires that we continually
strive to improve both the near and long-term profitability and growth of the company. To thrive,
we must work together and think creatively about new opportunities to create value for DRC’s
stakeholders, thereby providing personal financial and professional growth for all of us. I am
delighted that DRC’s Board of Directors has made these restricted shares available to you to
confirm that we are working together to achieve our corporate objectives and make DRC a truly
better place to work.

Since only a limited number of DRC employees will be receiving restricted stock, you are requested
to treat this grant as a confidential matter between you and DRC.

It is important to stress that you MUST acknowledge and accept this restricted stock award with
Fidelity Investments Stock Plan Services Group by <Date> (within 45 days of the grant date)
to avoid cancellation of your award. Instructions for how to do this will be included in your
Fidelity “RSA Welcome Kit”.

Again, congratulations on being recognized with this restricted stock award.

	 	 	 	 	 
	 	Sincerely,

DYNAMICS RESEARCH CORPORATION

 	 
	 	 	 
	 	 	 
	 
	 	James P. Regan

Chairman, President and CEO

 	 
	 	 	 
	 	 	 
	 	 	 

2

 

	 	 	 	 	 

	 	 	 
	 

	 	<Date>

<Name>

<Address Line 1>

<Address Line 2>

Dear (Non-Direct reports to the CEO),

Congratulations!

I am
pleased to inform you that effective on <Date>, you have been selected to receive a
Dynamics Research Corporation (“DRC”) restricted stock grant of XXXX shares, subject to terms and
conditions set forth in DRC’s 2000 Incentive Plan document (available to you on-line through
Fidelity’s website). Your selection to receive this stock grant has been based on your superior
past performance and clear potential for making significant contributions to the future success of
DRC.

During the
week of <Date>, you will receive a Restricted Stock Award “Welcome Kit”
from Fidelity Investments Stock Plan Services Group. This kit will supply you with specific
information about restricted stock grants, as well as instructions for completing the on-line
acceptance of your restricted stock grant and, if appropriate, information on the 83(b) election
process.

In prior years, DRC issued Incentive Stock Options (ISO’s) to employees. Beginning in 2004, and
continuing for this year, we are issuing Restricted Stock. There are significant differences
between stock options and restricted stock grants. Stock options provide the holder with the right
to purchase DRC stock at a pre-determined price in the future after vesting. Gains from vested and
exercised stock options occur when the current fair market value exceeds the grant price. With
restricted stock, an employee is actually awarded shares of the company’s common stock with
restrictions. In this instance, the restriction is the employee’s continued employment with the
company through the vesting period. Similar to stock options, these restricted shares vest 1/3
each year beginning on the first anniversary date of the grant. Once the restrictions lapse (the
shares vest), the employee owns the shares of DRC stock outright. Because restricted shares are
much more valuable than ISO’s, far fewer restricted shares are granted to employees in comparison
to ISO’s.

As a DRC key employee and owner of the company through receiving DRC restricted stock, you can
realize significant benefit as the company prospers. This prosperity requires that we continually
strive to improve both the near and long-term profitability and growth of the company. To thrive,
we must work together and

 

 

think creatively about new opportunities to create value for DRC’s stakeholders, thereby providing
personal financial and professional growth for all of us. I am delighted that DRC’s Board of
Directors has made these restricted shares available to you to confirm that we are working together
to achieve our corporate objectives and make DRC a truly better place to work.

Since only a limited number of DRC employees will be receiving restricted stock, you are requested
to treat this grant as a confidential matter between you and DRC.

It is important to stress that you MUST acknowledge and accept this restricted stock award with
Fidelity Investments Stock Plan Services Group by <Date> (within 45 days of the grant date)
to avoid cancellation of your award. Instructions for how to do this will be included in your
Fidelity “RSA Welcome Kit”.

Again, congratulations on being recognized with this restricted stock award.

	 	 	 	 	 
	 	Sincerely,

DYNAMICS RESEARCH CORPORATION

 	 
	 	 	 
	 	 	 
	 	 	 
	 
	 	James P. Regan

Chairman, President and CEO

 	 
	 	 	 
	 	 	 
	 

2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00099-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00099-of-00352.parquet"}]]