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                                                                    EXHIBIT 10.1

                               OUTLOOK GROUP CORP.
                             STOCK OPTION AGREEMENT

TO:              <<FIRST_NAME>><<LAST_NAME>>
                 ---------------------------

DATE:            <<DATE>>
                 --------

         In order to provide additional incentive through stock ownership for
certain officers and key employees of Outlook Group Corp. (the "Corporation")
and its subsidiaries, you (the "Grantee") are hereby granted a Stock Option
("Option") effective as of ____________, 200_ (the "Grant Date"), to purchase
__________ shares of the Corporation's Common Stock at a price per share of
$_______.

         This Option is subject to the terms and conditions set forth in this
Agreement and in the Outlook Group Corp. 2005 Stock Incentive Plan (the "Plan"),
the terms of which are incorporated herein by reference.

         [One of the following alternatives shall be designated. If no
alternative is designated, Alternative 1 shall apply]:

         [ ]      Alternative 1: This option shall become exercisable under the
                  schedule set forth in Section 10 of the Plan, which is as
                  follows:

                  <Table>
                  <Caption>
                  Years After                Maximum Number of Shares
                  Grant Date                 Which May Be Exercised
                  ----------                 ----------------------
                  <S>                        <C>
                  Less than 1                0%

                  1 but less than 2          Twenty-five percent (25%)

                  2 but less than 3          Fifty percent (50%)

                  3 but less than 4          Seventy-five percent (75%)

                  4 but less than 10         One hundred percent (100%)
                  </Table>

         [ ]      Alternative 2: This Option shall become exercisable in
                  accordance with the schedule established by the Committee at
                  the time of grant and set forth below:

         [ ]      Alternative 3: This Option shall vest immediately; however,
                  you may not sell any shares acquired upon exercise of the
                  Option for at least six months after the Grant Date.

         This Option will lapse after 10 years from the Grant Date and thus may
not be exercised thereafter. No part of this Option is transferable or
assignable, in whole or in part, unless otherwise provided for in the Plan.

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         This Option shall terminate on the date you cease to be employed by the
Corporation or its subsidiaries, except that (i) during the three-month period
following the date of such termination of employment and if such termination is
not for cause, you shall be entitled to exercise the Option granted hereunder to
the extent such Option was exercisable on the date of the termination of your
employment, and (ii) during the one-year period following the date of
termination of employment due to disability (as defined in the Plan for ISOs) or
death, you or your representative shall be entitled to exercise the Option
granted hereunder in full (to the extent not previously exercised). Such
three-month or one-year period shall not, however, extend the term of any Option
beyond the date such Option would otherwise have lapsed.

         [If ISO treatment] [This option is intended to be an incentive stock
option ("ISO") to the maximum extent permitted by law. In accordance with
Internal Revenue Code rules, the aggregate fair market value (determined as of
the date of grant) of shares with respect to which ISOs are exercisable for the
first time during any calendar year (under the Plan or under any other incentive
stock option plan of the Company or Subsidiary of the Company) may not exceed
$100,000. If the fair market value of shares on the date of grant with respect
to which ISOs are exercisable for the first time during any calendar year
exceeds $100,000, then the options for the first $100,000 of shares to become
exercisable in such calendar year will be ISOs and the options for the amount in
excess of $100,000 that become exercisable in that calendar year will be treated
as non-qualified stock options ("NSOs").]

         [If solely NSO treatment] [This option is a non-qualified stock
option.]

         Prior to the exercise of an Option you should consult your tax advisor
regarding the tax consequences thereof. No shares shall be issued upon exercise
of an Option until withholding taxes, if any, and any other withholding
obligation, if any, have been satisfied (as applicable). The Committee may
provide that, if and to the extent withholding of any federal, state or local
tax is required in connection with the exercise of an Option, the Grantee may
elect, at such time and in such manner as the Committee may prescribe, to have
the Corporation hold back from the shares to be issued, the number of shares of
Common Stock calculated to have a Fair Market Value equal to such withholding
obligation.

         Under applicable securities laws, you may not be able to sell any
shares for a period of time after your purchase, and you must comply with the
Corporation's insider trading restrictions and policies. The Corporation's
counsel should be consulted on your ability to sell your shares under federal
securities laws.

         The Plan provides that no Option may be exercised unless the Plan is in
full compliance with all laws and regulations applicable thereto.

         No amendment, modification or waiver of this Agreement, in whole or in
part, shall be binding unless consented to in writing by the Corporation and no
amendment may cause any Grantee to be unfavorably affected with respect to any
Option already granted hereunder.

         Neither the establishment of, nor the awarding of Options under this
Plan shall be construed to create a contract of employment between any Grantee
and the Corporation or its subsidiaries; nor does it give any Grantee the right
to continue in the employment of the

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Corporation or its subsidiaries or limit in any way the right of the Corporation
or its subsidiaries to discharge any Grantee at any time and without notice,
with or without cause, or to any benefits not specifically provided by this
Plan, or in any manner modify the Corporation's right to establish, modify,
amend or terminate any profit sharing, retirement or other benefit plans.

         The terms of the Plan shall have precedence over any terms in this
Agreement that are inconsistent therewith.

                                        OUTLOOK GROUP CORP.

                                        By: /s/ Paul M. Drewek
                                                Secretary

Accepted ___________, 200_

------------------------<PAGE>

                                                                    EXHIBIT 10.2

                               OUTLOOK GROUP CORP.
                  DIRECTOR NONQUALIFIED STOCK OPTION AGREEMENT

TO:              <<FIRST_NAME>><<LAST_NAME>>
                 ---------------------------

DATE:            <<DATE>>
                 --------

         In order to provide additional incentive through stock ownership for
directors of Outlook Group Corp. (the "Corporation"), you (the "Grantee") are
hereby granted a Stock Option ("Option") effective as of ____________, 200_ (the
"Grant Date"), to purchase ________ shares of the Corporation's Common Stock at
a price per share of $_____. This Option is subject to the terms and conditions
set forth in this Agreement and in the Outlook Group Corp. 2005 Stock Incentive
Plan (the "Plan"), the terms of which are incorporated herein by reference.

         1.       Number of Shares Optioned; Exercise Price. The Corporation
grants to Grantee a nonqualified stock option to purchase, on the terms and
conditions hereof and of the Plan, all or any part of an aggregate of
___________ shares of the Corporation's Common Stock, $.01 par value, at the
purchase price of $________ per share.

         2.       Period of Exercise. [One of the following alternatives shall
be designated. If no alternative is designated, Alternative 1 shall apply]:

         [ ]      Alternative 1: This option shall become exercisable under the
                  schedule set forth in Section 10 of the Plan, which is as
                  follows:

                  <Table>
                  <Caption>
                  Years After                Maximum Number of Shares
                  Grant Date                 Which May Be Exercised
                  ----------                 ----------------------
                  <S>                        <C>
                  Less than 1                0%

                  1 but less than 2          Twenty-five percent (25%)

                  2 but less than 3          Fifty percent (50%)

                  3 but less than 4          Seventy-five percent (75%)

                  4 but less than 10         One hundred percent (100%)
                  </Table>

         [ ]      Alternative 2: This Option shall become exercisable in
                  accordance with the schedule established by the Committee at
                  the time of grant and set forth below:

         [ ]      Alternative 3: This Option shall vest immediately; however,
                  you may not sell any shares acquired upon exercise of the
                  Option for at least six months after the Grant Date.

         All rights to exercise this option shall terminate upon the earlier of
(a) ten (10) years from the date the option is granted, or (b) three (3) months
from the date the Grantee ceases to be a Director.

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         3.       No Rights in Shares Until Issued. Neither the Grantee nor
Grantee's heirs, executor or administrator shall be, or have any of the rights
or privileges of, a stockholder of the Corporation in respect of any of the
shares issuable upon the exercise of the option herein granted, unless and until
such shares are fully paid and issued to him/her upon exercise of this Option.

         4.       Option Not Transferable During Grantee's Lifetime. This option
shall not be transferable by Grantee other than by last will and testament or by
the laws of descent and distribution. During Grantee's lifetime, this option
shall be exercisable only by Grantee or Grantee's guardian or legal
representative. In the event of the Grantee's death, the personal representative
of the Grantee's estate or the person or persons to whom the Option is
transferred by will or the laws of descent and distribution may exercise the
Option in accordance with its terms.

         5.       Liquidation. Anything contained herein to the contrary
notwithstanding, upon the complete liquidation of the Corporation, this option
shall be canceled.

         6.       Successors. This agreement shall be binding upon and inure to
the benefit of any successor or successors of the Corporation.

         7.       Wisconsin Contract. This option has been granted in Wisconsin
and shall be construed under the laws of that state.

         The terms of the Plan shall have precedence over any terms in this
Agreement that are inconsistent therewith.

                                                     OUTLOOK GROUP CORP.

                                                     By:  /s/ Paul M. Drewek
                                                              Secretary

Accepted ____________, 200_

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

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