Document:

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                                                                    Exhibit 10.2

                         CONNECTICUT WATER SERVICE, INC.
                                                                             No:
                            NONQUALIFIED STOCK OPTION

      THIS AGREEMENT, made as of the grant date indicated in Section 3 below,
and between Connecticut Water Service, Inc. (the "Company"), and the undersigned
individual (the "Optionee"), pursuant to the Connecticut Water Service, Inc.
Amended and Restated Performance Stock Program (the "Plan"). (Terms not defined
herein shall have the same meaning as in the Plan.)

      WHEREAS, the Optionee is an eligible employee of the Company and the
Company through the Plan's Committee has approved the grant of Nonqualified
Stock Options ("Options") under the Plan to the Optionee.

      NOW, THEREFORE, in consideration of the terms and conditions of this
Agreement and pursuant to the Plan, the parties agree as follows:

1.    GRANT OF OPTIONS. The Company hereby grants to the Optionee the right and
      option to purchase from the Company, at the exercise price set forth in
      Section 3 below, all or any part of the aggregate number of shares of
      common stock of the Company, as such common shares are presently
      constituted (the "Stock"), set forth in said Section 3.

2.    TERMS AND CONDITIONS. It is understood and agreed that the Option
      evidenced hereby is subject to the provisions of the Plan (which are
      incorporated herein by reference) and the following terms and conditions:

      a.    EXPIRATION DATE. The Option evidenced hereby shall expire on the
            date specified in Section 3 below, or at such earlier date as is
            provided in Sections 7(i) and (ii) of the Plan upon termination of
            Optionee's employment. The Compensation Committee of the Company's
            Board of Directors has the discretion to alter or amend the
            expiration date of outstanding nonqualified stock options at the
            Optionee's retirement or termination of employment.

      b.    EXERCISE OF OPTION. The Option evidenced hereby shall be exercisable
            from time to time by submitting an appropriate notice of exercise
            ten days prior to the date of exercise specifying the number of
            shares for which the Option is being exercised, addressed to the
            Company at its principal place of business

                       and either:

                                    (i)     CASH ONLY EXERCISE - submitting the
                                            full cash purchase price of the
                                            exercised stock; or

                                    (ii)    CASHLESS EXERCISE - submitting
                                            appropriate authorization for the
                                            sale of Stock in an amount
                                            sufficient to provide the full
                                            purchase price, or

                                    (iii)   COMBINATION - tendering a
                                            combination of (i) and (ii) above.

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                                                                    Exhibit 10.2

      c.    WITHHOLDING TAXES. Without regard to the method of exercise and
            payment, the Optionee shall pay to the Company, upon notice of the
            amount due, any withholding taxes payable with respect to such
            exercise, which payment may be made with shares of Stock which would
            otherwise be issued pursuant to the Option.

      d.    EXERCISE SCHEDULE. The Option will become exercisable with respect
            to 20% of the Option on each anniversary of the date of grant;
            provided that Optionee is employed by the Company or a Subsidiary on
            such date.

      e.    COMPLIANCE WITH LAWS AND REGULATIONS. The Option evidenced hereby is
            subject to restrictions imposed at any time on the exercise or
            delivery of shares in violation of the By-Laws of the Company or of
            any law or governmental regulation that the Company may find to be
            valid and applicable.

      f.    INTERPRETATION. Optionee hereby acknowledges that this Agreement is
            governed by the Plan, a copy of which Optionee hereby acknowledges
            having received, and by such administrative rules and regulations
            relative to the Plan and not inconsistent therewith as may be
            adopted and amended from time by the Committee (the "Rules").
            Optionee agrees to be bound by the terms and provisions of the Plan
            and the Rules.

      3.    Option Data.

            Optionee's Name:

            Number of shares of Stock
            Subject to this Option:

            Grant Date:

            Exercise Price Per Share:

            Expiration Date:

            Beneficiary:

      IN WITNESS WHEREOF, the Company has caused this instrument to be executed
by its authorized officer, as of the Grant Date identified in Section 3.

Agreed to:                                    Connecticut Water Service, Inc.

___________________________                   By:  ___________________________
Optionee:                                          Name:  Michele G. DiAcri
                                                   Title: Corporate Secretary

Date:  _______________EXHIBIT 10.B

 

Exhibit 10(a)

AMERICAN INTERNATIONAL GROUP, INC.

AMENDED AND RESTATED 1999 STOCK OPTION PLAN 

STOCK OPTION GRANT AGREEMENT

     Agreement, dated [DATE OF GRANT], between American International Group,
Inc. (“AIG”) and [EMPLOYEE NAME] (the “Employee”), an employee of AIG or a
subsidiary corporation of AIG.

     The parties hereto agree as follows:

     1. Grant of Option. AIG hereby grants to the Employee under the American
International Group, Inc. Amended and Restated 1999 Stock Option Plan (the “Plan”), a copy of which
is included as Appendix A to the Plan prospectus attached hereto and the terms
and conditions of which are incorporated herein by reference, an option
(“Option”) to purchase all or any part of [NUMBER OF SHARES] shares of AIG
Common Stock, par value $2.50 per share, at a price of $[OPTION PRICE] per
share at any time after one year from the date hereof as to 25% of such shares,
after two years from the date hereof as to 50% of such shares, after three
years from the date hereof as to 75% of such shares and after four years from
the date hereof as to 100% of such shares or at such earlier time as provided
in the Plan, but not after the expiration of ten years from the date hereof.

     2. Exercisability of Option. This Option is not transferable by the
Employee other than by will or the laws of descent and distribution, and is
exercisable during the lifetime of the Employee only by the Employee.

     3. Employment Status. The Employee agrees with and represents to AIG that
he or she will remain in the employ of and render services to AIG or a
subsidiary of AIG for a period of at least one year from the date hereof,
provided, however, that this Agreement does not confer upon the Employee any
right to be retained in the employ of AIG or any subsidiary of AIG.

     4. Disposition of Shares. The Employee will notify AIG promptly of the
disposition of any shares purchased pursuant to this Option which are disposed
of within two years from the date the Option was granted to the Employee, or
within one year from the date the shares were transferred to the Employee. For
purposes of the notification required by the preceding sentence, the word
“disposition” shall have the meaning defined in Section 425(c) of the Internal
Revenue Code of 1986, as amended.

     5. Incentive Stock Option. With respect to [NUMBER OF SHARES] shares,
this Option is intended to be an “incentive stock option” within the meaning of
Section 422 of the Internal Revenue Code of 1986, as amended. With respect to
[NUMBER OF SHARES] shares, this Option is intended to be a non-qualified
option.

     6. Consent to Jurisdiction. (a) AIG AND EMPLOYEE HEREBY IRREVOCABLY
SUBMIT TO THE EXCLUSIVE JURISDICTION OF ANY STATE OR FEDERAL COURT LOCATED IN
THE COUNTY OF NEW YORK OVER ANY ACTION, SUIT OR PROCEEDING ARISING OUT OF OR
RELATING TO OR CONCERNING THE PLAN OR THE OPTION. AIG and the Employee
acknowledge that the forum designated by this Paragraph 6(a) has a reasonable
relation to the Plan and the Option and the Employee’s relationship with AIG.
Notwithstanding the foregoing, nothing herein shall preclude AIG from bringing
any action, suit or proceeding in any other court for the purpose of enforcing
the provisions of this Paragraph 6.

 

 

     (b) The agreement by AIG and the Employee as to forum is independent of
the law that may be applied in the action, suit or proceeding and AIG and the
Employee, (i) agree to such forum even if the forum may under applicable law
choose to apply non-forum law, (ii) hereby waive, to the fullest extent
permitted by applicable law, any objection which AIG or the Employee now or
hereafter may have to personal jurisdiction or to the laying of venue of any
such action, suit or proceeding in any court referred to in Paragraph 6(a),
(iii) undertake not to commence any action, suit or proceeding arising out of
or relating to or concerning the Plan in any forum other than a forum described
in this Paragraph 6, and (iv) agree that, to the fullest extent permitted by
applicable law, a final and non-appealable judgement in any such action, suit
or proceeding in any such court shall be conclusive and binding upon AIG and
the Employee.

     (c) The Employee, as a condition to the Employee’s participation in the
Plan and receipt of the Option, irrevocably appoints the Corporate Secretary of
AIG as the Employee’s agent for service of process in connection with any
action, suit or proceeding arising out of or relating to the Plan or the
Option, who shall promptly advise the Employee of any such service of process.

     (d) The Employee hereby agrees to keep confidential the existence of, and
any information concerning, a dispute described in Paragraph 6, except that
the Employee may disclose information concerning such dispute to the court that
is considering such dispute or to the Employee’s legal counsel (provided that
such counsel agrees not to disclose any such information other than as
necessary to the prosecution or defense of the dispute).

     (e) The Employee recognizes and agrees that prior to being selected to
participate in the Plan the Employee has no right to any benefits hereunder.
Accordingly, in consideration of the Employee’s selection to participate in the
Plan, the Employee expressly waives any right to contest the number of options
granted to him or her, the terms of the Plan or the Option or any
determination, action or omission under the Plan or the Option by AIG, AIG’s
Board of Directors, or a committee thereof.

	 	 	 	 	 	 	 
	 	 	American International Group, Inc.
	  
	 	 	 	 	 	 
	

	 	By:	 	 	 	 
	

	 	 	 	
 	 	 
	

	 	 	 	Chairman	 	 
	 
	 	 	 	 	 	 
	Attest:
	 	 	 	 	 	 
	

	 	 	 	
 	 	 
	

	 	 	 	Employee	 	 
	 
	 	 	 	 	 	 
	
 

	 	 	 	
 	 	 
	

	 	 	 	Address	 	 
	 
	 	 	 	 	 	 
	

	 	 	 	
 	 	 
	

	 	 	 	City                      State       Zip	 	 
	  
	 	 	 	 	 	 
	

	 	 	 	
 	 	 
	

	 	 	 	Social Security Number	 	 

	 	 	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 

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