Document:

Form ISO Award Agreement

RUDDICK CORPORATION

RESTRICTED STOCK AWARD AGREEMENT

            THIS
RESTRICTED STOCK AWARD AGREEMENT (this "Award Agreement"), made and entered
into as of the ____ day of _____________, 200__ (the "Award Date") by and
between Ruddick Corporation, a North Carolina corporation (the "Corporation")
and the Restricted Stock award recipient (the "Participant") set forth on the
attached Notice of Award of Restricted Stock.

            WHEREAS,
the Corporation has adopted the Ruddick Corporation 1997 Comprehensive Stock
Option and Award Plan, the Ruddick Corporation 2000 Comprehensive Stock Option
and Award Plan and the Ruddick Corporation 2002 Comprehensive Stock Option and
Award Plan (collectively, the "Stock Plans" and individually, a "Stock Plan");
and

            WHEREAS,
the Participant is employed by the Corporation or one of its Subsidiaries and
therefore is eligible to receive an award of Restricted Stock under the Stock
Plans; and

            NOW,
THEREFORE, the Corporation and the Participant agree as follows:

             1.         Subject to the terms and conditions set
forth herein, in the attached Notice of Grant of Restricted Stock (the "Notice")
and in the Stock Plan identified in the Notice (the "Plan"), the Corporation awards
to the Participant that number of shares of the Corporation's common stock (the
"Restricted Stock") set forth in the Participant's Notice subject to the
restriction period commencing on the Award Date and ending on the date
specified in the Notice (the "Restricted Period").

             2.            Notwithstanding
the Restricted Period in the Notice, in the event that the Participant retires
with the consent of the Corporation or any of its Subsidiaries, or the
Participant ceases to be employed by the Corporation or one of its Subsidiaries
by reason of the Participant's death or Disability (defined as an injury or
illness resulting in the inability of a Participant to engage in the
Participant's profession by reason of any medically determinable physical or
mental impairment which can be expected to result in death or which is to last
or can be expected to last for a continuous period of not less than twelve
months), the Restricted Stock granted hereby, to the extent that such Restricted
Stock have not previously vested, shall become fully vested.

             Retirement
by the Participant, in accordance with the provisions of any retirement plan of
the Corporation in which the Participant was a participant on the date of
termination of employment, at the normal retirement date under such retirement
plan, or if such date is not so determinable, then at or after the attainment
of age 65 by the Participant, shall constitute a retirement with the consent of
the Corporation for the purposes of this Award Agreement.  As provided in Section 12 hereof, the
Committee shall have absolute and uncontrolled discretion to determine whether
any other termination of the Participant's employment is to be considered as
retirement with the consent of the Corporation for the purposes of this Award
Agreement and whether an authorized leave of absence or absence on military or
government service or otherwise shall constitute a termination of employment
for the purposes of this Award Agreement.

 

 

              3.         The unvested Restricted Stock hereby
granted shall be immediately forfeited and returned to the Corporation if the
Participant's employment is terminated for any reason, including without
limitation, for cause (as determined by the Committee in its sole discretion).

              4.         A certificate or certificates
representing the shares of Restricted Stock shall be issued to and registered
in the name of the Participant.  Unless
otherwise determined by the Committee, such certificate or certificates will be
held in custody by the Corporation until (i) the Restriction Period expires and
the restrictions or limitations lapse, in which case one or more certificates
representing such shares of Restricted Stock that do not bear a restrictive
legend (other than any legend as required under applicable federal or state
securities laws) shall be delivered to the Participant, or (ii) a prior forfeiture
by the Participant of the shares of Restricted Stock subject to such
Restriction Period, in which case the Corporation shall cause such certificate
or certificates to be canceled and the shares represented thereby to be
retired.  It shall be a condition of an
award of Restricted Stock that the Participant deliver to the Corporation a
stock power endorsed in blank relating to the shares of Restricted Stock to be
held in custody by the Corporation.

             5.         Restricted Stock of Common Stock issued
pursuant to this Award Agreement will be issued only in the name of the
Participant and may not be transferred into the name of any agent of or nominee
for the Participant.

            6.         Whenever the word "Participant" is used
in any provision of this Award Agreement under circumstances where the
provision should logically be construed to apply to the estate, personal
representative, or beneficiary to whom the Restricted Stock may be transferred
by will or by the laws of descent and distribution, it shall be deemed to
include such person.

            7.         The Participant shall be deemed for any
purpose to be a shareholder of the Corporation with respect to any Restricted
Stock.  Adjustment will be made for
dividends or other rights.

            8.         In addition to and notwithstanding anything
to the contrary contained in the Plan, in the event of (i) the adoption of a
plan of merger or consolidation of the Corporation with any other corporation
or association as a result of which the holders of the voting capital stock of
the Corporation as a group would receive less than 50% of the voting capital
stock of the surviving or resulting corporation; (ii) the approval by the Board
of Directors of an agreement providing for the sale or transfer (other than as
security for obligations of the Corporation) of substantially all the assets of
the Corporation, or (iii) in the absence of a prior expression of approval of
the Board of Directors, the acquisition of more than 20% of the Corporation's
voting capital stock by any person within the meaning of Section 13(d)(3) of
the Act, other than a person, or group including a person, who beneficially
owned, as of the Effective Date of the Plan, more than 5% of the Corporation's
securities; then, the Restricted Stock granted hereunder shall become immediately
vested, subject to any appropriate adjustments in the number of shares.

            The
existence of this award of Restricted Stock shall not affect in any way the
right or power of the Corporation or its subsidiaries to make adjustments,
reclassifications, 

2

 

reorganizations or other changes in the Corporation's capital structure or
its business, or to issue any bonds, debentures, preferred or prior preference
stocks ahead of or convertible into, or otherwise affecting the Common Stock or
the rights thereof, or to merge or consolidate, or to dissolve or liquidate, or
to sell or transfer all or any part of its assets or business, or any other
corporation act or proceeding, whether of a similar character or otherwise.

             9.         Anything in this Award Agreement or the
Participant's Notice to the contrary notwithstanding, if, at any time specified
herein for the issue of shares to the Participant, any law, or any regulation
or requirement of the Securities and Exchange Commission or any other
governmental authority having jurisdiction in the premises, shall require
either the Corporation or the Participant to take any action in connection with
the shares of Common Stock then to be issued, the issue of such shares shall be
deferred until such action shall have been taken, the Corporation shall be
under no obligation to take such action, and the Corporation shall have no
liability whatsoever as a result of the non-issuance of such shares, except to
refund to the Participant any consideration tendered in respect of the exercise
price.

            10.       Any dispute or disagreement which shall
arise under, or as a result of, or pursuant to, this Award Agreement or the
Participant's Notice shall be determined by or in the manner specified by the
Committee in its absolute and uncontrolled discretion, and the determinations
or interpretations by the Committee shall be final, binding and conclusive on
all persons affected thereby.  The Plan
and this Award Agreement may be amended, modified, discontinued or terminated
as provided in the Plan.

             11.       Any notice which either party hereto may
be required or permitted to give to the other shall be in writing, and may be
delivered personally or by mail, postage prepaid, addressed as follows:  to the Corporate Secretary of the
Corporation, at 301 South Tryon Street, Suite 1800, Charlotte, North Carolina
28202, or at such other address as the Corporation, by notice to the
Participant, may designate in writing from time to time; to the Participant, at
the Participant's address as shown on the records of the Corporation, or at
such other address as the Participant, by notice to the Corporation, may
designate in writing from time to time.

             12.       This Award Agreement is subject in all
respects to the terms and conditions contained in the Plan and the
Participant's Notice, copies of which are attached hereto and incorporated
herein by reference.  All capitalized
terms used but not defined herein shall have the same meaning as set forth in
the Plan, unless the context clearly indicates otherwise.

3NEWS RELEASE FOR IMMEDIATE RELEASE
                                                   For More Information Contact:
                                                     Phil Levin., Chairman & CEO
                                                                  (419) 535-6374

                 N-VIRO ANNOUNCES TERMINATION OF RIGHTS OFFERING

Toledo,  Ohio,  November  17,  2004  -  N-Viro International Corp. (OTC Bulletin
Board:  NVIC.OB)  announced today that its Board of Directors has terminated the
Rights Offering for the beneficial owners of the Company's Common Stock that was
previously  announced  on  March 22, 2004.  Pursuant to the Rights Offering, the
Company  would  issue  one Right to purchase one share of Common Stock, for each
ten  shares of stock beneficially owned.  The termination of the Rights Offering
is  effective  immediately.

About  N-Viro
-------------
N-Viro  International  Corporation  develops  and  licenses  its  technology  to
municipalities  and  private  companies.  N-Viro's  patented  processes use lime
and/or  mineral-rich, combustion byproducts to treat, pasteurize, immobilize and
convert  wastewater  sludge  and  other  bio-organic  wastes  into  biomineral
agricultural  and  soil-enrichment  products  with  real  market  value.  More
information  about N-Viro International can be obtained by contacting the office
or  on  the  Internet  at  www.nviro.com or by e-mail inquiry to info@nviro.com.
                           -------------                         --------------

The  Company  cautions  that  words  used  in  this  document such as "expects,"
"anticipates,"  "believes"  and  "may," as well as similar words and expressions
used  herein, identify and refer to statements describing events that may or may
not  occur  in  the  future. These forward-looking statements and the matters to
which  they  refer are subject to considerable uncertainty that may cause actual
results  to  be  materially  different from those described herein. For example,
while  the  Company believes that trends in sludge treatment are moving in favor
of the Company's technology, such trends may not continue or may never result in
increased  sales  or  profits  to  the  Company  because  of the availability of
competing  processes.  Additional information about these and other factors that
may  adversely  affect  these  forward-looking  statements  are contained in the
Company's  reports  and  filings  with  the  Securities and Exchange Commission.

                                      -30-

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