Document:

Incentive Stock Option Agreement

 Exhibit 10.6 
 SUPERIOR UNIFORM GROUP, INC. 
 INCENTIVE STOCK OPTION AGREEMENT WITH VESTING PROVISIONS 

 THIS INCENTIVE STOCK OPTION AGREEMENT, dated the      day of
                     200_ is granted by Superior Uniform Group, Inc. (the “Company”) to
                            
                    , (the “Optionee”) pursuant to the Company’s 2003 Incentive Stock and Awards Plan (the “Plan”).

 WHEREAS, the Company believes it to be in the best interests of the Company, its subsidiaries and its shareholders for its officers and other key
employees to obtain or increase their stock ownership interest in the Company so that they will have a greater incentive to work for and manage the Company’s affairs in such a way that its shares may become more valuable; and 
 WHEREAS, the Optionee is employed by the Company or one of its subsidiaries as an officer or other key employee and has been selected by the Committee to receive an
option; 
 NOW, THEREFORE, in consideration of the premises and of the services to be performed by the Optionee, the Company and the Optionee hereby agree as
follows: 
 1. OPTION GRANT 
 Subject to the terms
of this Agreement and the Plan, the Company grants to the Optionee an option to purchase a total of              shares of Common Stock of the Company at a price of
$             per share (100% of the Fair Market Value of the shares on the date of grant). This option is intended to qualify as an “incentive stock option” within
the meaning of Section 422 of the Internal Revenue Code of 1986, as amended. 
 2. TIME OF EXERCISE 
 Subject to the termination provisions of paragraphs 3 and 4, the Optionee may purchase (            )
of the option shares on or after                     , provided that the Optionee is an employee of the Company and its subsidiaries on such
date. If the Optionee terminates employment from the Company and its subsidiaries, only those option shares for which the right to purchase has accrued as of the date of such termination may be purchased after such termination (subject to the
provisions of paragraphs 3 and 4). If the Optionee takes an unpaid leave of absence, then the Committee may defer the dates on which the Optionee may first purchase the option shares to take into account such leave of absence. 
 3. TERMINATION OF OPTION 
 The Optionee may not exercise this
option after, and this option will terminate without notice to the Optionee on, the earlier of: 
 a. Three (3) months after the date of
the termination of the Optionee’s employment from the Company and its subsidiaries for any reason other than for Cause or due to Disability or death, provided that the Optionee has been employed by the Company for two years following the date
of this agreement; 
 b. On the date the Company or one of its subsidiaries terminates the Optionee’s employment for Cause; 

c. Twelve (12) months after the date of the termination of the Optionee’s employment from the Company and its subsidiaries by reason of
death or Disability, provided that the Optionee has been employed by the Company for two years following the date of this agreement; or 
 d.
Five (5) years from the date of this agreement. 
 For purposes of this paragraph 3, termination shall occur at 11:59 P.M. (Eastern Time) on the
applicable date described above, except that if the Optionee is terminated for Cause, termination shall occur immediately at the time of such termination. 

 If the Optionee terminates employment from the Company and its
subsidiaries, before the expiration of two years from the date of this agreement, the Optionee may not exercise this option after, and this option will terminate without notice to the Optionee immediately at the time of such termination of the
Optionee’s employment from the Company and its subsidiaries. In addition, if the Optionee takes a military, sick leave or other bona fide leave of absence from the Company and its subsidiaries, the Optionee will be considered to have terminated
employment from the Company and its subsidiaries on the later of (i) the 91st day of such leave, or (ii) the last day that the
Optionee’s right to reemployment following the end of such leave is guaranteed by law or contract with the Company or a subsidiary. 
 4. TERMINATION FOR CAUSE 
 If the Company or one of its subsidiaries terminates the Optionee’s employment for Cause, then the Committee may
determine that any exercises of this option within the six (6) month period prior to such termination will be deemed of no force and effect and the Committee may pursue any remedy or proceeding available to compel the Optionee to return to the
Company any profits the Optionee realized (directly or indirectly) from exercising this option during such period. 
 5. EXERCISE PROCEDURES

 a. The Optionee may exercise this option in whole or in part only with respect to any shares for which the right to exercise shall have
accrued pursuant to paragraph 2 and only so long as paragraph 3 does not prohibit such exercise. 
 b. This option may be exercised by
delivering a written notice of option exercise to the Company’s Corporate Secretary at Seminole, Florida, accompanied by payment of the purchase price and such additional amount (if any) determined by the Corporate Secretary as necessary to
satisfy the Company’s tax withholding obligations, and such other documents or representations as the Company may reasonably request to comply with securities, tax or other laws then applicable to the exercise of the option. Delivery may be
made in person, by nationally-recognized delivery service that guarantees overnight delivery, or by facsimile. A notice of option exercise that is received by the Corporate Secretary after the date of termination (as provided in paragraph 3) shall
be null and void. 
 c. The Optionee may pay the purchase price in one or more of the following forms: 
 i. a check payable to the order of the Company for the purchase price of the shares being purchased; or 
 ii. delivery of shares of Common Stock (including by attestation) that the Optionee has owned for at least six (6) months and that
have a Fair Market Value (determined on the date of delivery) equal to the purchase price of the shares being purchased; or 
 iii. delivery (including by facsimile) to the Corporate Secretary of the Company at Seminole, Florida, of an executed irrevocable option exercise form together with irrevocable instructions, in a form acceptable to the Company, to a
broker-dealer to sell or margin a sufficient portion of the shares of Common Stock issuable upon exercise of this option and deliver the sale or margin loan proceeds directly to the Company to pay for the exercise price. 
 d. The Optionee may satisfy any tax withholding obligation of the Company arising from the exercise of this option, in whole or in part, by paying such
tax obligation in cash or by check made payable to the Company, or by electing to have the Company withhold shares of Common Stock having a Fair Market Value on the date of exercise equal to the amount required to be withheld, subject to such rules
as the Committee may adopt. In any event, the Company reserves the right to withhold from any compensation otherwise payable to the Optionee such amount as the Company determines is necessary to satisfy the Company’s tax withholding obligations
arising from the exercise of this option. 

 6. DEFINITIONS 
 a. “Cause” means termination of employment as a result of (i) the failure of the Optionee to perform or observe any of the terms or provisions of any written employment agreement between the Optionee
and the Company or its subsidiaries or, if no written agreement exists, the gross dereliction of the Optionee’s duties with respect to the Company; (ii) the failure of the Optionee to comply fully with the lawful directives of the Board of
Directors of the Company or its subsidiaries, as applicable, or the officers or supervisory employees to whom the Optionee is reporting; (iii) the Optionee’s dishonesty, misconduct, misappropriation of funds, or disloyalty or disparagement
of the Company, any of its subsidiaries, or its management or employees; or (iv) other proper cause determined in good faith by the Committee. Notwithstanding the foregoing, if the Optionee is subject to a written agreement with the Company or
its subsidiaries that contains a definition of “Cause” that is different than the definition provided herein, the definition of “Cause” in such other agreement shall apply in lieu of the definition provided herein. 
 b. “Disability” means permanently and totally disabled within the meaning of section 22(e)(3) of the Internal Revenue Code of 1986, as amended.

 7. OPTIONS AS COLLATERAL 
 The Optionee may
not assign or mortgage this option, or pledge this option as any type of security or collateral. Any attempted assignment, mortgage or pledge of this option in violation of this paragraph 7 will be null and void and have no legal effect. 

8. NON-TRANSFERABILITY; DEATH 
 a. Except
as the Committee otherwise provides, the Optionee may not transfer this option other than by will or the laws of descent and distribution and only the Optionee may exercise this option during his or her lifetime. However, if the Committee determines
that the Optionee is unable to exercise this option as a result of incapacity or Disability, then the Committee may permit the Optionee’s guardian or an individual who has obtained an appropriate power of attorney to exercise this option on
behalf of the Optionee. In such an event, neither the Committee nor the Company will be liable for any losses resulting from such exercise or from the disposition of shares acquired upon such exercise. 
 b. If the Optionee dies while this option is outstanding, then the Optionee’s estate or the person to whom this option passes by will or the laws of
descent and distribution may exercise this option in the manner described in paragraph 5, but only within a period of (i) twelve (12) months after the Optionee’s death or (ii) five (5) years from the date of this agreement,
whichever period is shorter. In such event, this option shall continue to be subject to the same terms and conditions as were applicable immediately prior to the Optionee’s death, provided that for purposes of this Agreement, the term
“Optionee” as used in paragraphs 7, 9, 10, 11, 12 and 13 shall be deemed to refer to the person(s) who has(ve) the right to exercise the option after the Optionee’s death. The Company disclaims any obligation to provide notice to a
any person who has the right to exercise the option of circumstances triggering termination of this option. 
 9. REGISTRATION 
 If the Company is advised by its counsel that shares deliverable upon exercise of this option are required to be registered under the Securities Act of 1933
(“Act”) or any applicable state or foreign securities laws, or that delivery of the shares must be accompanied or preceded by a prospectus meeting the requirements of that Act or such state or foreign securities laws, then the Company will
use its best efforts to effect the registration or provide the prospectus within a reasonable time following the Company’s receipt of written notice of option exercise relating to this option, but delivery of shares by the Company may be
deferred until the registration is effected or the prospectus is available. The Optionee shall have no interest in shares covered by this option until certificates for the shares are issued. 
 10. ADJUSTMENTS AND CHANGE OF CONTROL 
 The number and type
of shares subject to this option and the option price may be adjusted, or this option may be assumed, cancelled or otherwise changed, in the event of certain transactions, as provided in Section 14 of the Plan. Upon a change of control, as
defined in the Plan, the Optionee shall have the rights specified in Section 14 of the Plan. 

 11. AMENDMENT OR MODIFICATION 
 Except as provided in paragraph 10, no term or provision of this agreement may be amended, modified or supplemented orally, but only by an instrument in writing signed by the party against which or whom the
enforcement of the amendment, modification or supplement is sought. 
 12. LIMITED INTEREST 
 a. The Optionee shall have no rights as a shareholder as a result of the grant of the option until this option is exercised, the exercise price and
applicable withholding taxes are paid, and the shares issued thereunder. 
 b. The grant of this option shall not confer on the Optionee any
right to continue as an employee, nor interfere in any way with the right of the Company to terminate the Optionee at any time. 
 c. The
grant of this option shall not affect in any way the right or power of the Company or any of its subsidiaries to make or authorize any or all adjustments, recapitalizations, reorganizations, or other changes in the Company’s or any
subsidiary’s capital structure or its business, or any merger, consolidation or business combination of the Company or any subsidiary, or any issuance or modification of any term, condition, or covenant of any bond, debenture, debt, preferred
stock or other instrument ahead of or affecting the Common Stock or the rights of the holders of Common Stock, or the dissolution or liquidation of the Company or any subsidiary, or any sale or transfer of all or any part of its assets or business
or any other Company or subsidiary act or proceeding, whether of a similar character or otherwise. 
 13. LIMITS ON INCENTIVE STOCK OPTIONS

 To the extent that the aggregate Fair Market Value of the Common Stock subject to this option, plus any shares of Common Stock subject to incentive stock
options previously granted to the Optionee by the Company or any subsidiary, that are exercisable for the first time by the Optionee during a single calendar year exceeds one hundred thousand dollars ($100,000), this option as to any such excess
shall be considered a nonqualified stock option. 
 14. GOVERNING LAW 
 This Agreement shall be governed by the internal laws of the state of Florida as to all matters, including but not limited to matters of validity, construction, effect, performance and remedies. Any legal action or
proceeding with respect to the Plan or this option may only be brought and determined in a court sitting in the County of Hillsborough, or the Federal District Court for the Middle District of Florida sitting in the County of Hillsborough, in the
State of Florida. The Company may require that the action or proceeding be determined in a bench trial. 
 ALL PARTIES ACKNOWLEDGE THAT THIS OPTION IS
GRANTED UNDER AND PURSUANT TO THE PLAN, WHICH SHALL GOVERN ALL RIGHTS, INTERESTS, OBLIGATIONS, AND UNDERTAKINGS OF BOTH THE COMPANY AND THE OPTIONEE. ALL CAPITALIZED TERMS NOT OTHERWISE DEFINED IN THIS OPTION SHALL HAVE THE MEANINGS ASSIGNED TO SUCH
TERMS IN THE PLAN. 
 15. SEVERABILITY 
 If any
provision of this agreement is or becomes or is deemed to be invalid, illegal or unenforceable, or would disqualify this option under any law the Committee deems applicable, then such provision will be construed or deemed amended to conform to the
applicable law, or if the Committee determines that the provision cannot be construed or deemed amended without materially altering the intent of this agreement, then the provision will be stricken and the remainder of this agreement will remain in
full force and effect. 
 16. COUNTERPARTS 
 This
agreement may be executed in one or more counterparts, each of which will be deemed to be an original but all of which together will constitute one and the same instrument. 

 IN WITNESS WHEREOF, the Company has caused this agreement to be executed by its duly authorized officer and the Optionee
has executed this Agreement all as of the day and date first above written. 
  

			
	SUPERIOR UNIFORM GROUP, INC.
		
	By	 	Gerald M. Benstock
		 	Chairman of the Board
		
		 	  

		 	[Optionee]
		
		 	Social Security NumberStock Appreciation Rights Agreement

 Exhibit 10.7 
 SUPERIOR UNIFORM GROUP, INC. 
 STOCK APPRECIATION RIGHTS AGREEMENT 
 THIS AGREEMENT, by Superior Uniform Group, Inc., a Florida corporation (the “Company”), and
                            , an employee of the Company or an Affiliate (the “Participant”), sets
forth the terms and conditions of the Stock Appreciation Right (“SAR”) granted to the Participant under the Superior Uniform Group, Inc. 2003 Incentive Stock and Awards Plan (the “Plan”). 
 1. Grant of SAR. The Compensation Committee of the Board of Directors of the Company (the “Committee”) has awarded to Participant an SAR with respect to
the common stock of the Company, subject to the terms and conditions of this Agreement. 
 2. General Terms of Participant’s SAR. 
 The number of Shares subject to this SAR (the “SAR Shares”) is:              
 The “Exercise Price” of each SAR Share is: $             per share, which may not be less
than one hundred percent (100%) of the Fair Market Value of the Stock on the Grant Date, unless otherwise determined by the Committee. 
 The
“Grant Date” of this SAR is:
                                        

 The “Expiration Date” of Participant’s right to exercise a SAR Share is 5:00 p.m.
(EST) on the fifth (5th) anniversary of the Grant Date. However, Participant’s right to exercise this SAR may terminate before the
Expiration Date as discussed in Section 4 of this Agreement. 
 3. Conditions of Exercise. 
 a. Conditions of Exercise. Subject to the provisions of the Plan and this Agreement, Participant may exercise the SAR only after the SAR
Shares are vested, and only before the Expiration Date or the termination date described in Section 4 of this Agreement. 
 b.
Vesting of SAR Subject to the termination provisions of paragraph 4, the Participant's shares vest upon the date of the grant. 
 4. Termination of
Employment. The following paragraphs apply in the event of Participant’s termination of employment from the Company or an Affiliate prior to the Expiration Date. In no event, however, will the periods described in this Section 4 extend
the term of the SAR beyond its Expiration Date or beyond the date the SAR is otherwise cancelled pursuant to the terms of the Plan. 
  

	 	a.	Retirement, Death or Disability. If Participant: (i) dies while employed by the Company or an Affiliate or within the period when an SAR could have otherwise been
exercised by Participant; (ii) terminates his or her employment with the Company or an Affiliate by reason of “permanent and total disability” (within the meaning of Section 22(e)(3) of the Code); or (iii) terminates his or
her employment with the Company or an Affiliate as a result of Participant’s retirement, provided that the Company or Affiliate has consented in writing to Participant’s retirement, then, in each such case, Participant, or
Participant’s duly authorized representatives, shall have the right, at any time within three (3) months after Participant’s death, disability or retirement, as the case may be, and prior to the termination of the SAR pursuant to
Section 3 above, to exercise any SAR to the extent such SAR was exercisable by Participant immediately prior to Participant’s death, disability or retirement. In the discretion of the Committee, the three-month period referenced in the
immediately preceding sentence may be extended for a period of up to one year. 

  

	 	b.	 Termination of Employment. During Participant’s life, an SAR shall be exercisable only by Participant and only before the date of the termination
of the Participant’s employment with the Company or an Affiliate, other than by reason of Participant’s death, permanent 

	 	 
disability or retirement with the consent of the Company or an Affiliate as provided in Section 4(a) above, but only if and to the extent the SAR was
exercisable immediately prior to such termination, and subject to the provisions of Section 4(c) below. 

  

	 	c.	Limitations on Exercise of SAR. In no event may the SAR be exercised, in whole or in part, after five (5) years following the Grant Date.

 5. Exercise of SAR. Participant may exercise the SAR, to the extent the SAR Shares are vested, by delivering written notice to the
Secretary of the Company, on the form attached hereto, specifying the whole number of vested SAR Shares to which the notice relates. 
 Upon delivery of the
notice of exercise, Participant will be entitled to a payment from the Company of an amount equal to the number of SAR Shares specified in the notice multiplied by: (a) the Fair Market Value of a share of Stock (determined as of the date the
Company receives Participant’s notice of exercise form), reduced by (b) the Exercise Price for an SAR Share. 
 Payment will be made as soon as
practicable after the Company processes Participant’s exercise. Payment will be made in shares of Stock having a Fair Market Value (determined as of the date the Company receives Participant’s notice of exercise form) equal to the amount
of the payment due. Any fractional shares will be paid in cash. Participant’s payment may be reduced by an amount the Company or an Affiliate deems necessary to satisfy its liability to withhold federal, state or local income taxes or other
taxes due by reason of the exercise. Alternatively, the Company or an Affiliate may reduce compensation that is otherwise payable to Participant by the amount the Company or an Affiliate deems necessary to satisfy its liability to withhold federal,
state or local income taxes or other taxes due by reason of the exercise. 
 6. Change of Control. Upon a Change of Control, the provisions of
Section 14 of the Plan shall apply. 
 7. Failure to Enforce Not a Waiver. The failure of the Company to enforce at any time any provision of
this SAR Agreement shall in no way be a waiver of such provision or of any other provision hereof. 
 8. Participant Bound by Plan. Participant hereby
acknowledges receipt of a copy of the Plan and agrees to be bound by all the terms and provisions thereof. The terms of the Plan are expressly incorporated into this Agreement by reference and in the event of any conflict between this Agreement and
the Plan, the Plan shall govern. Any capitalized terms not defined herein will have the meanings given in the Plan. This Agreement is subject to all of the terms, conditions and provisions of the Plan, including, without limitation, the Plan’s
amendment provisions, and to such rules, regulations and interpretations relating to the Plan or this Agreement as are adopted by the Committee and in effect from time to time. By signing below, Participant agrees and accepts on behalf of himself or
herself, and Participant’s heirs, legatees and legal representatives, that all decisions or interpretations of the Committee with respect to the Plan or this Agreement are binding, conclusive and final. 
 IN WITNESS WHEREOF, the parties have executed this Stock Appreciation Rights Agreement on the      day of
                     200    . 
  

			
	SUPERIOR UNIFORM GROUP, INC.:
		
	By	 	  

	Its:	 	  

	
	PARTICIPANT:
	
	  

 SUPERIOR UNIFORM GROUP, INC. 
 NOTICE OF STOCK APPRECIATION RIGHT (SAR) EXERCISE 
 Participant is encouraged to
consult Participant’s personal financial or tax advisor 
 prior to exercising Participant’s SAR. 
 Please complete and sign this form and send it to: the Secretary of the Corporation at 10055 Seminole Boulevard, Seminole, Florida 33772-2539 
 Or fax it to: 727-803-9623 
 An incomplete form may cause a
delay in processing Participant’s SAR exercise. 
 PART 1: PARTICIPANT INFORMATION: Please complete the following: 
  

			
	Name:	 	  

  

			
	Street Address:	 	  

  

															
	City:	 	  
	 		  	State:	 	  
	 		  	Zip Code:	 	  

  

			
	Work Phone #: (                ) -              - 
                    	  	Home Phone #: (                ) -
             -                     

  

	
	 Social Security #:                  -
             -                     

 PART 2: DESCRIPTION OF SAR SHARES BEING EXERCISED Please complete the following for the SAR Shares to
which this notice relates. 
  

						
	 Grant Date
	  	Exercise Price	  	Number of Vested SAR Shares
		  	$	 	  	
		  	$	 	  	
		  	$	 	  	
		  	$	 	  	
		  	$	 	  	

 PART 3: ACKNOWLEDGEMENTS AND SIGNATURE 
 I hereby acknowledge that I have received and read a copy of the Superior Uniform Group, Inc. 2003 Incentive Stock and Awards Plan and the prospectus for such plan, and understand the tax consequences of an exercise.

  

											
	 Signature:
	 	  
	  		  	Date:	  	  
	  	

 * * * * * * 
  

			
	To be completed by:	 	  

  

			
	 Received by:
	 	  

  

			
	Date received:

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