Document:

EX-10.1

 

EXHIBIT 10.1

PIERRE HOLDING CORP.

2004 STOCK OPTION PLAN

ARTICLE I

Purpose of Plan

     The 2004 Stock Option Plan (the “Plan”) of Pierre Holding Corp. (the “Company”), adopted by
the Board of Directors and shareholders of the Company on June 30, 2004, for Directors, Employees
and Consultants of the Company and its Subsidiaries, is intended to advance the best interests of
the Company and its Subsidiaries by providing those persons who have a substantial responsibility
for its management and growth with additional incentives by allowing them to acquire an ownership
interest in the Company and thereby encouraging them to contribute to the success of the Company
and its Subsidiaries and to remain in its service. The availability and offering of stock options
under the Plan also increases the Company’s and its Subsidiaries’ ability to attract and retain
individuals of exceptional managerial talent upon whom, in large measure, the sustained progress,
growth and profitability of the Company and its Subsidiaries depends. This Plan is intended to be
a “compensatory benefit plan” within the meaning of such term under Rule 701 of the Securities Act
of 1933, as amended.

ARTICLE II

Definitions

     For purposes of the Plan, except where the context clearly indicates otherwise, the following
terms shall have the meanings set forth below:

     “Board” shall mean the Board of Directors of the Company.

     “Cause” shall mean “Cause” as defined in any Service Agreement in effect between the
applicable Participant and the Company or any Subsidiary, or if such Participant is not a party to
a Service Agreement in which Cause is defined then, “Cause” shall mean with respect to a
Participant one or more of the following: (i) the commission of a felony or other crime involving
moral turpitude or the commission of any other act or omission involving dishonesty, disloyalty or
fraud with respect to the Company, its Subsidiaries or any of their customers or suppliers, (ii)
reporting to work under the influence of alcohol or illegal drugs, the use of illegal drugs
(whether or not at the workplace) or other repeated conduct causing the Company or its Subsidiaries
substantial public disgrace or disrepute or substantial economic harm, (iii) substantial and
repeated failure to perform duties as reasonably directed by the Board or the Company’s president,
(iv) any act or omission aiding or abetting a competitor, supplier or customer of the Company or
its Subsidiaries to the material disadvantage or detriment of the Company or its Subsidiaries, (v)
breach of fiduciary duty, gross negligence or willful misconduct with respect to the Company or any
of its Subsidiaries or (vi) any other material breach of a

 

 

Service Agreement in effect between the Participant and the Company or any of its Subsidiaries
which is not cured to the Board’s reasonable satisfaction within 15 days after written notice
thereof to Participant.

     “Code” shall mean the Internal Revenue Code of 1986, as amended, and any successor
statute.

     “Committee” shall mean the committee of the Board which may be designated by the Board
to administer the Plan. The Committee shall be composed of two or more Directors as appointed from
time to time to serve by the Board. The membership of the Committee shall be constituted so as to
comply at all times with the applicable requirements of Rule 16b-3 or any successor rule (“Rule
16b-3”) under the Securities Exchange Act of 1934, as amended. No member of the Committee
shall have within one year prior to his or her appointment received awards under the Plan if such
receipt would cause such member to cease to be a “disinterested person” under Rule 16b-3.
If the Common Stock is Publicly Traded, the committee shall consist of not less than two Directors
appointed to the Committee by the Board and each of whom shall be members of the Board and each of
whom shall qualify as (i) “non-employee directors (within the meaning of Item 404 of Regulation S-K
of the Securities Act of 1933, as amended) and (ii) “outside directors” within the meaning of
Treas. Reg. §1.162-27(e)(3) as may be appointed by the Board of the Company, all of whom are
members of the Board.

     “Common Stock” shall mean the Company’s Common Stock, par value $0.01 per share, or if
the outstanding Common Stock is hereafter changed into or exchanged for different stock or
securities of the Company, such other stock or securities.

     “Company” shall mean Pierre Holding Corp., a Delaware corporation.

     “Consultant” shall mean a consultant or advisor who is a natural person and who
provides bona fide services to the Company or its Subsidiaries; provided such services are not in
connection with the offer on sale of securities in a capital raising transaction and do not
directly or indirectly promote or maintain a market for the Company’s securities.

     “Director” shall mean a member of the Board.

     “Disability” shall mean “Disability” as defined in any Service Agreement in effect
between the applicable Participant and the Company or any Subsidiary, or if such Participant is not
a party to a Service Agreement in which Disability is defined then, “Disability” shall mean
Participant’s inability to perform the essential duties, responsibilities and functions of his
position with the Company or any Subsidiary as a result of any mental or physical disability or
incapacity, even with reasonable accommodations of such disability or incapacity provided by the
Company, or if providing such accommodations would be unreasonable, all as determined by the Board
in its reasonable good faith judgment. Participant shall cooperate in all respects with the
Company or any of its Subsidiaries if a question arises as to whether he has become disabled
(including, without limitation, submitting to an examination by a medical doctor or other health
care specialists selected by the Company or any of its Subsidiaries and authorizing such medical

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doctor or such other health care specialist to discuss Participant’s condition with the
Company or any of its Subsidiaries).

     “Employee” shall mean an officer or other employee of the Company or any of its
Subsidiaries.

     “Independent Third Party” shall mean any Person who, immediately prior to the
contemplated transaction, does not own in excess of 5% of the Common Stock on a fully-diluted basis
(a “5% Owner”), who is not controlling, controlled by or under common control with any such
5% Owner and who is not the spouse or descendant (by birth or adoption) of any such 5% Owner or a
trust for the benefit of such 5% Owner and/or such other Persons.

     “Options” shall have the meaning set forth in Article IV.

     “Participant” shall mean any Employee, Director or Consultant who has been selected to
participate in the Plan by the Committee or the Board.

     “Person” shall mean an individual, a partnership, a corporation, a limited liability
company, an association, a joint stock company, a trust, a joint venture, an unincorporated
organization and a governmental entity or any department, agency or political subdivision thereof.

     “Publicly Traded” shall mean corporate stock that is listed or admitted to unlisted
trading privileges on a national securities exchange or designated as a national market system
security on an interdealer quotation system by the NASD or if sales or bid and offer quotations are
reported for that class of stock on the NASDAQ National Market.

     “Sale of the Company” shall mean the sale of the Company to an Independent Third party
or group of Independent Third Parties pursuant to which such party or parties acquire (i) capital
stock of the Company possessing the voting power under normal circumstances (without regard to the
occurrence of any contingency) to elect a majority of the Company’s Board (whether by merger,
consolidation or sale or transfer of the Company’s capital stock) or (ii) all or substantially all
of the Company’s assets determined on a consolidated basis.

     “Service Agreement” shall mean a written agreement between the applicable Participant
and the Company or any of its Subsidiaries pursuant to which such Participant provides services to
the Company or any of its Subsidiaries as an Employee , Director or Consultant.

     “Subsidiary” means, with respect to any Person, any corporation, limited liability
company, partnership, association or other business entity of which (i) if a corporation, a
majority of the total voting power of shares of stock entitled (without regard to the occurrence of
any contingency) to vote in the election of directors, managers or trustees thereof is at the time
owned or controlled, directly or indirectly, by that Person, one or more Subsidiaries of that
Person or a combination thereof, or (ii) if a limited liability company, partnership, association
or other business entity, a majority of the partnership or other similar ownership interest thereof
is at the time owned or controlled, directly or indirectly, by any Person, one or more Subsidiaries
of that

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person or a combination thereof. For purposes hereof, a Person or Persons shall be deemed to
have a majority ownership interest in a limited liability company, partnership, association or
other business entity if such Person or Persons shall be allocated a majority of limited liability
company, partnership, association or other business entity gains or losses or shall be or shall
control the managing general partner of such limited liability company, partnership, association or
other business entity.

ARTICLE III

Administration

     The Plan shall be administered by the Committee; provided that if for any reason the Committee
shall not have been appointed by the Board, all authority and duties of the Committee under the
Plan shall be vested in and exercised by the Board. Subject to the limitations of the Plan, the
Committee shall have the sole and complete authority to: (i) select Participants, (ii) grant
Options (as defined in Article IV below) to Participants in such forms and amounts as it shall
determine, (iii) impose such limitations, restrictions and conditions upon such Options as it shall
deem appropriate, (iv) interpret the Plan and adopt, amend and rescind administrative guidelines
and other rules and regulations relating to the Plan, (v) correct any defect or omission or
reconcile any inconsistency in the Plan or in any Option granted hereunder and (vi) make all other
determinations and take all other actions necessary or advisable for the implementation and
administration of the Plan. The Committee’s determinations on matters within its authority shall
be conclusive and binding upon the Participants, the Company, its Subsidiaries and all other
Persons. All expenses associated with the administration of the Plan shall be borne by the
Company. The Committee may, as approved by the Board and to the extent permissible by law,
delegate any of its authority hereunder to such persons as it deems appropriate. The Plan shall
become effective only if, within 12 months from the date the Plan is adopted by the Board, the Plan
is approved by the affirmative vote of a majority of the holders of the Common Stock, or by written
consent of such holders, in accordance with the applicable provisions of the Certificate of
Incorporation and Bylaws of the Company and applicable state law.

ARTICLE IV

Limitation on Aggregate Shares

     The number of shares of Common Stock with respect to which options may be granted under the
Plan (the “Options”) and which may be issued upon the exercise thereof shall not exceed, in the
aggregate, 163,778 shares; provided that the type and the aggregate number of shares which may be
subject to Options shall be subject to adjustment in accordance with the provisions of paragraph
6.8 below, and further provided that to the extent any Options expire unexercised or are canceled,
terminated or forfeited in any manner without the issuance of Common Stock thereunder, or if any
Options are exercised and the shares of Common Stock issued thereunder are repurchased by the
Company, such shares shall again be available under the Plan. The 163,778 shares of Common Stock
available under the Plan may be either authorized and unissued shares, treasury shares or a
combination thereof, as the Committee shall determine.

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ARTICLE V

Awards

     5.1 Options. The Committee may grant Options to Participants in accordance with this
Article V.

     5.2 Form of Option. Options granted under this Plan shall be nonqualified stock
options and are not intended to be “incentive stock options” within the meaning of Section 422 of
the Code or any successor provision.

     5.3 Exercise Price. The option exercise price per share of Common Stock shall be
fixed by the Committee in its discretion.

     5.4 Exercisability. Options shall be exercisable at such time or times as the
Committee shall determine at or subsequent to grant.

     5.5 Payment of Exercise Price. Options shall be exercised in whole or in part by
written notice to the Company (to the attention of the Company’s Secretary) accompanied by payment
in full of the option exercise price. Payment of the option exercise price shall be made, in the
discretion of the Committee, in cash (including check, bank draft or money order), or by delivery
of a promissory note (if in accordance with policies approved by the Board), or by surrender to the
Company of a number of shares of Common Stock having an aggregate fair market value at the time of
exercise equal to the option exercise price (in a manner determined by the Committee).

     5.6 Terms of Options. The Committee shall determine the term of each Option, which
term shall in no event exceed ten years from the date such Option is granted.

ARTICLE VI

General Provisions

     6.1 Conditions and Limitations on Exercise. Options may be made exercisable in one or
more installments, upon the happening of certain events, upon the passage of a specified period of
time, upon the fulfillment of certain conditions or upon the achievement by the Company and/or its
Subsidiaries of certain performance goals, as the Committee shall decide in each case when the
Options are granted.

     6.2 Sale of the Company. In the event of a Sale of the Company, the Committee or the
Board may provide, in its discretion, that the Options shall become immediately exercisable by any
Participants who are Employees, Directors or Consultants of the Company and its Subsidiaries at the
time of the Sale of the Company and/or that all Options shall terminate if not exercised as of the
date of the Sale of the Company or other prescribed period of time.

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     6.3 Written Agreement. Each Option granted hereunder to a Participant shall be
embodied in a written agreement (an “Option Agreement”) which shall be signed by the
Participant and by the Chairman or the President of the Company for and in the name and on behalf
of the Company and shall be subject to the terms and conditions of the Plan prescribed in the
Agreement (including, but not limited to, (i) the right of the Company and such other Persons as
the Committee shall designate (“Designees”) to repurchase from each Participant, and such
Participant’s transferees, all shares of Common Stock issued or issuable to such Participant on the
exercise of an Option in the event of such Participant’s termination of employment or service with
the Company and its Subsidiaries, (ii) rights of first refusal granted to the Company and
Designees, (iii) holdback and other registration right restrictions in the event of a public
registration of any equity securities of the Company and (iv) any other terms and conditions which
the Committee shall deem necessary and desirable).

     6.4 Listing, Registration and Compliance with Laws and Regulations. Options shall be
subject to the requirement that if at any time the Committee shall determine, in its discretion,
that the listing, registration or qualification of the shares subject to the Options upon any
securities exchange or under any state or federal securities or other law or regulation, or the
consent or approval of any governmental regulatory body, is necessary or desirable as a condition
to or in connection with the granting of the Options or the issuance or purchase of shares
thereunder, no Options may be granted or exercised, in whole or in part, unless such listing,
registration, qualification, consent or approval shall have been effected or obtained free of any
conditions not acceptable to the Committee. The holders of such Options shall supply the Company
with such certificates, representations and information as the Company shall request and shall
otherwise cooperate with the Company in obtaining such listing, registration, qualification,
consent or approval. In the case of officers and other Persons subject to Section 16(b) of the
Securities Exchange Act of 1934, as amended, the Committee may at any time impose any limitations
upon the exercise of an Option that, in the Committee’s discretion, are necessary or desirable in
order to comply with such Section 16(b) and the rules and regulations thereunder. If the Company,
as part of an offering of securities or otherwise, finds it desirable because of federal or state
regulatory requirements to reduce the period during which any Options may be exercised, the
Committee, may, in its discretion and without the Participant’s consent, so reduce such period on
not less than 15 days written notice to the holders thereof.

     6.5 Nontransferability. Options may not be transferred other than by will or the laws
of descent and distribution and, during the lifetime of the Participant, may be exercised only by
such Participant (or his legal guardian or legal representative). In the event of the death of a
Participant, exercise of Options granted hereunder shall be made only:

	 	 	     (i) by the executor or administrator of the estate of the deceased Participant or the
Person or Persons to whom the deceased Participant’s rights under the Option shall pass by
will or the laws of descent and distribution; and
	 
	 	 	     (ii) to the extent that the deceased Participant was entitled thereto at the date of
his death, unless otherwise provided by the Committee in such Participant’s Option
Agreement.

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     6.6 Expiration of Options.

     (a) Normal Expiration. In no event shall any part of any Option be exercisable after
the date of expiration thereof (the “Expiration Date”), as determined by the Committee
pursuant to paragraph 5.6 above.

     (b) Early Expiration Upon Termination of Employment. Except as otherwise provided by
the Committee in the Option Agreement, any portion of a Participant’s Option that was not vested
and exercisable on the date of the termination of such Participant’s employment or service with the
Company or any of its Subsidiaries shall expire and be forfeited as of such date and any portion of
a Participant’s Option that was vested and exercisable but not exercised as of the date of the
termination of such Participant’s employment or service with the Company or any of its Subsidiaries
shall expire and be forfeited as of such date, except that if any Participant’s employment is
terminated (i) due to Participant’s death or Disability, then such Participant’s Option shall
expire 180 days after the date of his death or Disability, but in no event after the Expiration
Date or (ii) by the Company without Cause, due to Participant’s retirement (with approval of the
Board or Committee) or by Participant’s resignation, then such Participant’s Option shall expire 60
days after the date of his termination, retirement or resignation, but in no event after the
Expiration Date.

     6.7 Withholding of Taxes. The Company shall be entitled, if necessary or desirable,
to withhold from any Participant from any amounts due and payable by the Company or any of its
Subsidiaries to such Participant (or secure payment from such Participant in lieu of withholding)
the amount of any withholding or other tax due from the Company or any of its Subsidiaries with
respect to any shares issuable under the Options, and the Company may defer such issuance unless
indemnified to its satisfaction.

     6.8 Adjustments. In the event of a reorganization, recapitalization, stock dividend
or stock split, or combination or other change in the shares of Common Stock or any merger,
consolidation or exchange of shares, the Board or the Committee may, in order to prevent the
dilution or enlargement of rights under outstanding Options, make such adjustments in the number
and type of shares authorized by the Plan, the number and type of shares covered by outstanding
Options and the exercise prices specified therein as may be determined to be appropriate and
equitable. The issuance by the Company of shares of stock of any class, or options or securities
exercisable or convertible into shares of stock of any class, for cash or property, or for labor or
services either upon direct sale, or upon the exercise of rights or warrants to subscribe therefor,
or upon exercise or conversion of other securities, shall not affect, and no adjustment by reason
thereof shall be made with respect to, the number or price of shares of Common Stock then subject
to any Options.

     6.9 Rights of Participants. Nothing in this Plan or in any Option Agreement shall
interfere with or limit in any way the right of the Company or any of its Subsidiaries to terminate
any Participant’s employment or service at any time (with or without Cause), nor confer upon any
Participant any right to continue in the employment or service of the Company or any of its
Subsidiaries for any period of time or to continue his present (or any other) rate of compensation,
and except as otherwise provided under this Plan or by the Committee in the

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Option Agreement, in the event of any Participant’s termination of employment or service
(including, but not limited to, the termination by the Company or any of its Subsidiary without
Cause), any portion of such Participant’s Option that was not previously vested and exercisable
shall expire and be forfeited as of the date of such termination. No Employee shall have a right
to be selected as a Participant or, having been so selected, to be selected again as a Participant.

     6.10 Amendment, Suspension and Termination of Plan. The Board or the Committee may
suspend or terminate the Plan or any portion thereof at any time and may amend it from time to time
in such respects as the Board or the Committee may deem advisable; provided that no such amendment
shall be made without stockholder approval to the extent such approval is required by law,
agreement or the rules of any exchange upon which the Common Stock is listed, and no such
amendment, suspension or termination shall materially impair the rights of Participants under
outstanding Options without the consent of the Participants affected thereby. No Options shall be
granted hereunder after the tenth anniversary of the adoption of the Plan by the Board and the
Company’s shareholders.

     6.11 Amendment, Modification and Cancellation of Outstanding Options. The Committee
may amend or modify any Option in any manner to the extent that the Committee would have had the
authority under the Plan initially to grant such Option; provided that no such amendment or
modification shall materially impair the rights of any Participant under any Option without the
consent of such Participant. With the Participant’s consent, the Committee may cancel any Option
and issue a new Option to such Participant.

     6.12 Indemnification. In addition to such other rights of indemnification as they may
have as members of the Board or the Committee, the members of the Committee shall be indemnified by
the Company against all costs and expenses reasonably incurred by them in connection with any
action, suit or proceeding to which they or any of them may be party by reason of any action taken
or failure to act under or in connection with the Plan or any Option granted thereunder, and
against all amounts paid by them in settlement thereof (provided such settlement is approved by
independent legal counsel selected by the Company) or paid by them in satisfaction of a judgment in
any such action, suit or proceeding; provided that any such Committee member shall be entitled to
the indemnification rights set forth in this paragraph 6.12 only if such member has acted in good
faith and in a manner that such member reasonably believed to be in or not opposed to the best
interests of the Company or any of its Subsidiaries and, with respect to any criminal action or
proceeding, had no reasonable cause to believe that such conduct was unlawful, and further provided
that upon the institution of any such action, suit or proceeding a Committee member shall give the
Company written notice thereof and an opportunity, at its own expense, to handle and defend the
same before such Committee member undertakes to handle and defend it on his own behalf.

* * * *

8EX-10.2

 

EXHIBIT 10.2

FORM OF OPTION AGREEMENT

PIERRE HOLDING CORP.

9990 Princeton Road

Cincinnati, Ohio 45246

STOCK OPTION AGREEMENT

Date

Name

Address

City, State Zip

	 	 	 
	Re:

	 	Pierre Holding Corp. (the “Company”)
	

	 	Grant of Nonqualified Stock Option

Dear _______:

     The Company is pleased to advise you that its Board of Directors has granted to you a stock
option (an “Option”), as provided below, under the Pierre Holding Corp. 2004 Stock Option
Plan (the “Plan”), a copy of which is attached hereto and incorporated herein by reference.
The Option has been granted, and the Option Shares will be issued, pursuant to a “compensatory
benefit plan” within the meaning of such term under Rule 701 of the Securities Act of 1933, as
amended.

     1. Definitions. For the purposes of this Agreement, the following terms shall have
the meanings set forth below:

     “Affiliate” of any particular Person shall mean any other Person controlling,
controlled by or under common control with such particular Person, where “control” means the
possession, directly or indirectly, of the power to direct the management and policies of a Person,
whether through the ownership of voting securities, by contract or otherwise.

     “Board” shall mean the Board of Directors of the Company.

     “Cause” shall mean “Cause” as defined in any Service Agreement between you and the
Company or any of its Subsidiaries in effect at the time of determination, or if you are not party
to a Service Agreement, “Cause” shall mean “Cause” as defined in the Plan.

 

 

     “Code” shall mean the Internal Revenue Code of 1986, as amended, and any successor
statute.

     “Committee” shall mean the committee designated by the Board to administer the Plan,
or if no committee has been so designated, the Board itself.

     “Common Equity Value” shall have the meaning given to such term on Exhibit A
attached hereto.

     “Common Stock” shall mean the Company’s Common Stock, par value $0.01 per share, or,
in the event that the outstanding Common Stock is hereafter changed into or exchanged for different
stock or securities of the Company, such other stock or securities.

     “Company” shall mean Pierre Holding Corp., a Delaware corporation.

     “Cumulative Percentage” shall mean the cumulative percentage of your PV Option vested
in accordance with paragraph 3(b) as set forth in the column on Exhibit A labeled
“Cumulative % of PV Option Vested.”

     “Disability” shall mean “Disability” as defined in any Service Agreement between you
and the Company or any of its Subsidiaries in effect at the time of determination, or if you are
not party to a Service Agreement, “Disability” shall mean “Disability” as defined in the Plan.

     “Fair Market Value” of the Common Stock shall be determined in good faith by the
Committee or, in the absence of the Committee, by the Board, taking into account all relevant
factors determinative of value (including the lack of liquidity of such Common Stock due to the
Company’s status as a privately held corporation, but without regard to any discounts for minority
interests).

     “Good Reason” shall mean “Good Reason” as defined in any Service Agreement between you
and the Company or any of its Subsidiaries in effect at the time of determination, or if you are
not party to a Service Agreement, then “Good Reason” shall mean “Good Reason” as defined in the
Plan.

     “Independent Third Party” shall mean any Person who, immediately prior to the
contemplated transaction, does not own in excess of 5% of the Common Stock on a fully-diluted basis
(a “5% Owner”), who is not controlling, controlled by or under common control with any such
5% Owner and who is not the spouse or descendant (by birth or adoption) of any such 5% Owner or a
trust for the benefit of such 5% Owner and/or such other Persons.

     “MDCP” shall mean Madison Dearborn Capital Partners IV, L.P. and its Affiliates.

     “Option Shares” shall mean (i) all shares of Common Stock issued or issuable upon the
exercise of the Option and (ii) all shares of Common Stock issued with respect to the Common Stock
referred to in clause (i) above by way of stock dividend or stock split or in connection with any
conversion, merger, consolidation or recapitalization or other reorganization

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affecting the Common Stock. Option Shares shall continue to be Option Shares in the hands of
any holder other than you (except for the Company or MDCP and, to the extent that you are permitted
to transfer Option Shares pursuant to the Stockholders Agreement, purchasers pursuant to a public
offering under the Securities Act), and each such transferee thereof shall succeed to the rights
and obligations of a holder of Option Shares hereunder.

     “Person” shall mean a natural person, partnership (whether general or limited),
limited liability company, trust, estate, association, corporation, custodian, nominee or any other
individual or entity in its own or any representative capacity.

     “Public Sale” shall mean any sale of Option Shares to the public pursuant to an
offering registered under the Securities Act or to the public through a broker, dealer or market
maker pursuant to the provisions of Rule 144 adopted under the Securities Act.

     “Registration Agreement” shall mean that certain Registration Agreement dated as of
the date hereof between the Company and certain Investors (as defined therein).

     “Sale of the Company” shall mean the sale of the Company to an Independent Third party
or group of Independent Third Parties pursuant to which such party or parties acquire (i) capital
stock of the Company possessing the voting power under normal circumstances (without regard to the
occurrence of any contingency) to elect a majority of the Company’s board of directors (whether by
merger, consolidation or sale or transfer of the Company’s capital stock) or (ii) all or
substantially all of the Company’s assets determined on a consolidated basis.

     “Stockholders Agreement” shall mean that certain Stockholders Agreement dated as of
the date hereof between the Company and certain of its stockholders.

     “Securities Act” shall mean the Securities Act of 1933, as amended, and any successor
statute.

     “Service
Agreement” shall mean a written agreement between you and the Company or any
of its Subsidiaries pursuant to which you provide services to the Company or any of its
Subsidiaries as an employee.

     “Subsidiary” shall mean, with respect to any Person, any corporation, limited
liability company, partnership, association or other business entity of which (i) if a corporation,
a majority of the total voting power of shares of stock entitled (without regard to the occurrence
of any contingency) to vote in the election of directors, managers or trustees thereof is at the
time owned or controlled, directly or indirectly, by that Person, one or more Subsidiaries of that
Person or a combination thereof, or (ii) if a limited liability company, partnership, association
or other business entity, a majority of the partnership or other similar ownership interest thereof
is at the time owned or controlled, directly or indirectly, by any Person, one or more Subsidiaries
of that person or a combination thereof. For purposes hereof, a Person or Persons shall be deemed
to have a majority ownership interest in a limited liability company, partnership, association or
other business entity if such Person or Persons shall be allocated a majority of limited liability
company, partnership, association or other business entity gains or losses or shall be or shall

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control the managing general partner of such limited liability company, partnership,
association or other business entity.

     “Target Equity Value” shall have the meaning given to such term on Exhibit A
attached hereto.

     2. Option.

     (a) Terms. Your Option is for the purchase of up to ___shares of Common Stock
(the “Option Shares”) at a price per share of $___(the “Exercise Price”),
payable upon exercise as set forth in paragraph 2(b) below. Your Option shall expire at the close
of business on ___(the “Expiration Date”), subject to earlier expiration as
provided in paragraphs 3 and 4 below. Your Option is not intended to be an “incentive stock option”
within the meaning of Section 422 of the Code.

     (b) Payment of Option Price. Subject to paragraph 3 below, your Option may be
exercised in whole or in part upon payment of an amount (the “Option Price”) equal to the
product of (i) the Exercise Price multiplied by (ii) the number of Option Shares to be acquired.
Payment shall be made in cash (including check, bank draft or money order) or, in the discretion of
the Committee, by delivery of a promissory note (if in accordance with policies approved by the
Board and permitted by applicable law).

     3. Exercisability/Vesting. Your Option may be exercised only to the extent it has
become vested.

     (a) Forty Percent of Option Subject to Time Vesting. Your Option shall fully vest and
become exercisable with respect to forty percent (40%) or ___of your Option Shares upon the
fifth anniversary of the date hereof if and only if you are, and have been, continuously
employed by the Company or any of its Subsidiaries from the date of this Agreement through such
fifth anniversary. The forty percent (40%) of your Option subject to vesting in accordance with
this paragraph 3(a) shall be your “TV Option”, and the portion of your Option Shares (up to
forty percent (40%) of your Option Shares) that may be acquired upon the exercise of all or a
portion of your TV Option shall be your “TV Option Shares”. Between the date hereof and
the fifth anniversary of the date hereof, provided you are continuously employed by the Company or
any of its Subsidiaries from the date of this Agreement through the date of determination, your TV
Option will vest on a daily pro rata basis such that, on the date of determination, the amount of
your TV Option which shall have vested and become exercisable as of that date shall be equal to
(rounded to the nearest whole share)(x) your TV Option Shares multiplied by (y) a fraction, the
numerator of which shall be the number of calendar days from the date of this Agreement through the
date of determination, inclusive, and the denominator of which shall be 1,827. Notwithstanding the
foregoing, if you have been continuously employed by the Company or its Subsidiaries from the date
of this Agreement until a Sale of the Company, the portion of your outstanding TV Option which has
not become vested at the date of such event shall immediately vest and become exercisable with
respect to all of the TV Option Shares simultaneously with the consummation of the Sale of the
Company; provided that such accelerated vesting has been approved by the Company’s stockholders as
provided under Section 280G of the Code. In any

-4-

 

 

event, any portion of your TV Option which has not been exercised prior to or in connection
with the Sale of the Company shall expire and be forfeited, unless otherwise determined by the
Committee or the Board.

     (b) Sixty Percent of Option Subject to Accelerated Vesting. Your Option shall fully
vest and become exercisable with respect to the remaining sixty percent (60%) or ___of your
Option Shares upon the seventh anniversary of the date hereof if and only if you are, and
have been, continuously employed by the Company or any of its Subsidiaries from the date of this
Agreement through such seventh anniversary. However, with respect to this remaining sixty percent
(60%) or ___of your Option Shares, such portion of your Option Shares shall be subject to
accelerated vesting prior to such seventh anniversary as set forth below. The sixty percent (60%)
of your Option subject to accelerated vesting in accordance with this paragraph 3(b) shall be your
“PV Option”, and the portion of your Option Shares (up to sixty percent (60%) of your
Option Shares) that may be acquired upon the exercise of all or a portion of your PV Option shall
be your “PV Option Shares”. Except as provided below with respect to the vesting of your
PV Option upon a Sale of the Company, the effective date of any accelerated vesting in accordance
with this paragraph 3(b) shall be the end of each fiscal year specified in Exhibit A
attached hereto, notwithstanding that the Common Equity Value as of the end of such fiscal year may
not be determined until a date thereafter.

     The Cumulative Percentage of your PV Option shall vest as of the end of the corresponding
fiscal year shown on Exhibit A if the Company’s Common Equity Value exceeds the applicable
Target Equity Value as of the end of such fiscal year, and if, as of the end of such fiscal year,
you are still employed by the Company or any of its Subsidiaries. If in a succeeding fiscal year
the Company’s Common Equity Value exceeds the Target Equity Value for a prior fiscal year, the
Cumulative Percentage of your PV Option corresponding to such prior fiscal year as shown on
Exhibit A shall vest as of the end of such succeeding fiscal year. Except as provided
below with respect to the vesting of your PV Option upon a Sale of the Company, the maximum
Cumulative Percentage of your PV Option that shall vest as of the end of any fiscal year is the
Cumulative Percentage corresponding to the end of such fiscal year shown on Exhibit A. For
example, if, at the end of fiscal year 2006 the Company’s Common Equity Value exceeds the Target
Equity Value for fiscal year 2005 but not for fiscal year 2006 and at the end of fiscal year 2005
the Company’s Common Equity Value did not exceed the Target Equity Value for fiscal year 2005, then
the maximum Cumulative Percentage of your PV Option that shall vest as of the end of fiscal year
2006 shall be the Cumulative Percentage shown for fiscal year 2005 on Exhibit A. Once a
portion of your PV Option has vested in accordance with this paragraph 3(b), it shall remain
vested, notwithstanding the failure in succeeding fiscal years of the Company’s Common Equity Value
to exceed either (i) the Target Equity Value for such succeeding fiscal years set forth on
Exhibit A or (ii) the Target Equity Value set forth on Exhibit A for the year in
which such portion of your PV Option vested.

     Notwithstanding the foregoing, your right to accelerate the vesting of your PV Option in
accordance with this paragraph 3(b) shall terminate automatically upon the earlier to occur of (i)
termination of your employment with the Company or any of its Subsidiaries, in which event the
percentage of your PV Option that is vested shall equal the percentage of your PV Option which was
vested as of the immediately preceding fiscal year end, if any, and (ii) a

-5-

 

 

Sale of the Company, in which event the percentage of your PV Option that is vested shall
equal the greater of (A) the percentage of your PV Option which was vested as of the immediately
preceding fiscal year end, if any, and (B) the Cumulative Percentage shown on Exhibit A
corresponding to the Target Equity Value shown on Exhibit A which most nearly approximates
but does not exceed the Common Equity Value realized upon the consummation of such Sale of the
Company (assuming that the Company’s Common Equity Value is calculated in a manner consistent with
the methodology used in calculating the Target Equity Values shown on Exhibit A). Upon a
Sale of the Company, the effective date of any accelerated vesting of your PV Option in accordance
with this paragraph shall be deemed to occur immediately prior to the consummation of such Sale of
the Company. In any event, any portion of your PV Option which has not been exercised prior to or
in connection with the Sale of the Company shall expire and be forfeited, unless otherwise
determined by the Committee or the Board.

     4. Expiration of Option.

     (a) Normal Expiration. In no event shall any part of your Option be exercisable after
the Expiration Date set forth in paragraph 2(a) above.

     (b) Early Expiration Upon Termination of Employment. Except as otherwise provided
herein, any portion of your Option            that was not vested and exercisable as of the date your
employment with the Company or its Subsidiaries terminated shall expire and be forfeited on such
date, and any portion of your Option that was vested and exercisable but not exercised as of the
date of the termination of your employment with the Company or any of its Subsidiaries shall expire
and be forfeited as of such date, except that if your employment is terminated (i) due to your
death or Disability, then your Option shall expire 180 days after the date of death or Disability,
but in no event after the Expiration Date or (ii) by the Company without Cause, due to your
retirement (with approval of the Board or Committee) or your resignation, then your Option shall
expire 60 days after the date of your termination, retirement or resignation, but in no event after
the Expiration Date.

     5. Procedure for Exercise. You may exercise all or any portion of your Option, to the
extent it has vested and is exercisable, at any time and from time to time prior to its expiration,
by delivering written notice to the Company (to the attention of the Company’s Secretary) and your
written acknowledgement that you have reviewed and have been afforded an opportunity to ask
questions of management of the Company with respect to all financial and other information provided
to you regarding the Company and its Subsidiaries, together with payment of the Option Price in
accordance with the provisions of paragraph 2(b) above. As a condition to any exercise of your
Option, you shall permit the Company to deliver to you all financial and other information
regarding the Company and its Subsidiaries it believes necessary to enable you to make an informed
investment decision, and you shall make all customary investment representations which the Company
requires.

     6. Securities Laws Restrictions and Other Restrictions on Transfer of Option Shares.
You represent and warrant that when you exercise your Option you shall be purchasing Option Shares
for your own account and not on behalf of others. You understand and acknowledge that federal and
state securities laws govern and restrict your right to offer, sell or

-6-

 

 

otherwise dispose of any Option Shares unless your offer, sale or other disposition thereof is
registered or qualified under the Securities Act and applicable state securities laws, or in the
opinion of the Company’s counsel, such offer, sale or other disposition is exempt from registration
or qualification thereunder. You agree that you shall not offer, sell or otherwise dispose of any
Option Shares in any manner which would: (i) require the Company to file any registration statement
with the Securities and Exchange Commission (or any similar filing under state law) or to amend or
supplement any such filing or (ii) violate or cause the Company to violate the Securities Act, the
rules and regulations promulgated thereunder or any other state or federal law. You further
understand that the certificates for any Option Shares you purchase shall bear such legends
(similar to the legend set forth in paragraph 15(a)) as the Company deems necessary or desirable in
connection with the Securities Act or other rules, regulations or laws.

     7. Non-Transferability of Option. Your Option is personal to you and is not
transferable by you other than by will or the laws of descent and distribution. During your
lifetime only you (or your guardian or legal representative) may exercise your Option. In the
event of your death, your Option may be exercised only (i) by the executor or administrator of your
estate or the person or persons to whom your rights under the Option shall pass by will or the laws
of descent and distribution and (ii) to the extent that you were entitled hereunder at the date of
your death.

     8. Conformity with Plan. This Agreement is intended to conform in all respects with,
and is subject to all applicable provisions of, the Plan (which is incorporated herein by
reference). Inconsistencies between this Agreement and the Plan shall be resolved in accordance
with the terms of the Plan. By executing and returning the enclosed copy of this Agreement, you
acknowledge your receipt of this Agreement and the Plan and agree to be bound by all of the terms
of this Agreement and the Plan.

     9. Rights of Participants. Nothing in this Agreement shall interfere with or limit in
any way the right of the Company and its Subsidiaries to terminate your employment at any time
(with or without Cause), nor confer upon you any right to continue in the employ of the Company and
its Subsidiaries for any period of time or to continue your present (or any other) rate of
compensation, and in the event of the termination of your employment (including, but not limited
to, termination by the Company without Cause), any portion of your Option that was not previously
vested and exercisable shall expire and be forfeited, except as otherwise provided herein. Nothing
in this Agreement shall confer upon you any right to be selected again as a Plan participant, and
nothing in the Plan or this Agreement shall provide for any adjustment to the number of Option
Shares subject to your Option upon the occurrence of subsequent events except as provided in
paragraph 11 below.

     10. Withholding of Taxes. The Company shall be entitled, if necessary or desirable,
to withhold from you from any amounts due and payable by the Company or any of its Subsidiaries to
you (or secure payment from you in lieu of withholding) the amount of any withholding or other tax
due from the Company or any of its Subsidiaries with respect to any Option Shares issuable under
this Agreement, and the Company may defer such issuance unless indemnified by you to its
satisfaction.

-7-

 

 

     11. Adjustments. In the event of a reorganization, recapitalization, stock dividend
or stock split, or combination or other change in the shares of Common Stock, the Board or the
Committee may make such adjustments in the number and type of shares authorized by the Plan, the
number and type of shares covered by your Option and the Exercise Price specified herein as may be
determined to be appropriate and equitable, in order to prevent the dilution or enlargement of
rights under your Option. The issuance by the Company of shares of stock of any class, or options
or securities exercisable or convertible into shares of stock of any class, for cash or property,
or for labor or services either upon direct sale, or upon the exercise of rights or warrants to
subscribe therefor, or upon exercise or conversion of other securities, shall not affect, and no
adjustment by reason thereof shall be made with respect to, the number or price of shares of Common
Stock then subject to any Options.

     12. Rights to Repurchase Option Shares Upon Termination of Your Employment.

     (a) Repurchase of Option Shares. If your employment with the Company or any of its
Subsidiaries shall terminate, including upon your death, Disability, resignation or termination
with or without Cause (the date on which such termination occurs being referred to as the
“Termination Date”), then the Company shall have the option to repurchase all or any part
of the Option Shares issued or issuable upon exercise of your Option whether held by you or by one
or more of your transferees, at the price determined in accordance with the provisions of paragraph
13 hereof (the “Repurchase Option”).

     (b) Repurchase by Company. The Company may elect to purchase all or any portion of
the Option Shares by delivery of written notice (the “Repurchase Notice”) to you or any
other holders of the Option Shares within 15 days after the later of (i) six months following the
last exercise of your Option and (ii) the applicable expiration date of your Option pursuant to
paragraph 4(b). The Repurchase Notice shall set forth the number of Option Shares to be acquired
from you and such other holder(s), the aggregate consideration to be paid for such shares and the
time and place for the closing of the transaction. The number of Option Shares to be repurchased
by the Company shall first be satisfied, to the extent possible, from the Option Shares held by you
at the time of delivery of the Repurchase Notice. If the number of Option Shares then held by you
is less than the total number of Option Shares the Company has elected to purchase, then the
Company shall purchase the remaining shares elected to be purchased from the other holders thereof,
pro rata according to the number of shares held by each such holder at the time of delivery of such
Repurchase Notice (determined as close as practical to the nearest whole share).

     (c) Repurchase by MDCP. If for any reason the Company does not elect to purchase all
of the Option Shares pursuant to the Repurchase Option, then MDCP shall be entitled to exercise the
Company’s Repurchase Option in the manner set forth in paragraph 12(a) for all or any portion of
the number of Option Shares the Company has not elected to purchase (the “Available
Shares”). As soon as practicable after the Company has determined that there shall be
Available Shares, but in any event within 15 days after the applicable expiration date in
accordance with paragraph 4(b), the Company shall deliver written notice (the “Option
Notice”) to MDCP setting forth the number of Available Shares and the price for each Available
Share.

-8-

 

 

MDCP may elect to purchase any number of Available Shares by delivering written notice to the
Company within 45 days after receipt of the Option Notice from the Company. As soon as
practicable, and in any event within 15 days after the expiration of such 45-day period, the
Company shall notify you and any other holder(s) of Option Shares as to the number of Option Shares
being purchased from you by MDCP (the “Supplemental Repurchase Notice”). At the time the
Company delivers the Supplemental Repurchase Notice to you and such other holder(s) of Option
Shares, MDCP shall also receive written notice from the Company setting forth the number of shares
it is entitled to purchase, the aggregate purchase price and the time and place of the closing of
the transaction.

     (d) Closing of Repurchase of Option Shares. The purchase of Option Shares pursuant to
this paragraph 12 shall be closed at the Company’s executive offices within 30 days after the
delivery of the Repurchase Notice or Supplemental Repurchase Notice referred to in paragraphs 12(b)
and 12(c), as applicable. At the closing, the purchaser or purchasers shall pay the purchase price
in the manner specified in paragraph 13(b) and you and any other holders of Option Shares being
purchased shall deliver the certificate or certificates representing such shares to the purchaser
or purchasers or their nominees, accompanied by duly executed stock powers. Any purchaser of
Option Shares under this paragraph 12 shall be entitled to receive customary representations and
warranties from you and any other selling holders of Option Shares regarding the sale of such
shares (including representations and warranties regarding good title to such shares, free and
clear of any liens or encumbrances) and to require all sellers’ signatures to be guaranteed by a
national bank or reputable securities broker.

     13. Purchase Price for Option Shares.

     (a) Purchase Price. The purchase price per share to be paid for the Option Shares
purchased by the Company and MDCP pursuant to paragraph 12 shall be equal to the Fair Market Value
of such Option Shares as of the time of the exercise of the Repurchase Option; provided, however,
if your employment is terminated by the Company with Cause, then the purchase price per share to be
paid for the Option Shares purchased by the Company and/or MDCP pursuant to paragraph 12 shall be
equal to the lower of (i) the Exercise Price set forth in paragraph 2(a) and (ii) the Fair Market
Value of such Option Shares as of the as of the time of the exercise of the Repurchase Option.

     (b) Manner of Payment. If the Company elects to purchase all or any part of the
Option Shares, including Option Shares held by one or more transferees, the Company shall pay for
such shares: (i) first, by certified check or wire transfer of funds to the extent such payment
would not cause the Company to violate the General Corporation Law of the State of Delaware and
would not cause the Company or its Subsidiaries to breach any agreement to which they are a party
relating to the indebtedness for borrowed money or other material agreement; and (ii) thereafter,
with a subordinated promissory note of the Company. Such subordinated promissory note shall bear
interest at the rate of 5% per annum (which shall be payable annually in cash unless otherwise
prohibited), shall have all principal payment due on the third anniversary of the date of issuance
and shall be subordinated on terms and conditions satisfactory to the holders of the Company’s or
its Subsidiaries’ indebtedness for borrowed money. In addition, the Company may pay the purchase
price for such shares by offsetting amounts

-9-

 

 

outstanding under any indebtedness or obligations owed by you to the Company or any of its
Subsidiaries. If any MDCP elects to purchase all or any portion of the Available Shares, MDCP
shall pay for that portion of such Option Shares by certified check or wire transfer of funds.

-10-

 

 

     14. Restrictions on Transfer.

     (a) Other Agreements. Upon exercise of your Option, your Option Shares shall become
“Stockholder Shares” under the Stockholders Agreement and Registrable Securities under the
Registration Agreement and shall be subject to restrictions on transfer and the other provisions of
such agreements with respect to your Option Shares. You agree to execute a joinder to evidence
your becoming a party to the Stockholders Agreement and the Registration Agreement with respect to
such Option Shares. You also agree that any certificates evidencing such Option Shares shall bear
such legend as the Company deems necessary or desirable in connection with the restrictions on
transfer applicable to such Option Shares under the Stockholders Agreement.

     (b) Restrictive Legend. The certificates representing the Option Shares shall bear
the following legend:

	 	“THE SECURITIES REPRESENTED BY THIS CERTIFICATE WERE ORIGINALLY ISSUED ON ___,
HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
“ACT”), OR UNDER ANY STATE SECURITIES LAWS AND MAY NOT BE SOLD OR
TRANSFERRED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT AND
APPLICABLE STATE SECURITIES LAWS OR AN EXEMPTION FROM REGISTRATION THEREUNDER. THE
SECURITIES REPRESENTED BY THIS CERTIFICATE ARE ALSO SUBJECT TO CERTAIN REPURCHASE
OPTIONS AND CERTAIN OTHER AGREEMENTS SET FORTH IN A STOCK OPTION AGREEMENT BETWEEN
THE COMPANY AND ___ DATED AS OF SEPTEMBER 30, 2004, AND A STOCKHOLDERS
AGREEMENT BETWEEN THE COMPANY AND CERTAIN STOCKHOLDERS OF THE COMPANY FROM TIME TO
TIME A PARTY THERETO. A COPY OF EACH OF THESE AGREEMENTS MAY BE OBTAINED BY THE
HOLDER HEREOF AT THE COMPANY’S PRINCIPAL PLACE OF BUSINESS WITHOUT CHARGE.”

     (c) Opinion of Counsel. You may not sell, transfer or dispose of any Option Shares
(except pursuant to an effective registration statement under the Securities Act) without first
delivering to the Company an opinion of counsel reasonably acceptable in form and substance to the
Company that registration under the Securities Act or any applicable state securities law is not
required in connection with such transfer.

     15. Remedies. Each party hereto (and MDCP as third-party beneficiary) shall be
entitled to enforce its rights under this Agreement specifically, to recover damages by reason of
any breach of any provision of this Agreement and to exercise all other rights existing in its
favor. The parties hereto acknowledge and agree that money damages would not be an adequate remedy
for any breach of the provisions of this Agreement and that any party hereto (and MDCP as a
third-party beneficiary) shall be entitled to specific performance and/or injunctive relief
(without posting bond or other security) from any court of law or equity of competent jurisdiction
in order to enforce or prevent any violation of the provisions of this Agreement.

-11-

 

 

     16. Amendment. Except as otherwise provided herein, any provision of this Agreement
may be amended or waived only with the prior written consent of you and the Company; provided that
no provision of paragraph 12, 13, 14 or 15 or of this paragraph 16 (including the definitions of
the defined terms used therein) may be amended or waived without the prior written consent of MDCP.

     17. Successors and Assigns. Except as otherwise expressly provided herein, all
covenants and agreements contained in this Agreement by or on behalf of any of the parties hereto
shall bind and inure to the benefit of the respective successors and permitted assigns of the
parties hereto whether so expressed or not.

     18. Severability. Whenever possible, each provision of this Agreement shall be
interpreted in such manner as to be effective and valid under applicable law, but if any provision
of this Agreement is held to be prohibited by or invalid under applicable law, such provision shall
be ineffective only to the extent of such prohibition or invalidity, without invalidating the
remainder of this Agreement.

     19. Counterparts. This Agreement may be executed simultaneously in two or more
counterparts, each of which shall constitute an original, but all of which taken together shall
constitute one and the same Agreement.

     20. Descriptive Headings. The descriptive headings of this Agreement are inserted for
convenience only and do not constitute a part of this Agreement.

     21. Governing Law. All questions concerning the construction, validity and
interpretation of this Agreement shall be governed by the internal law, and not the law of
conflicts, of Delaware.

     22. Notices. All notices, demands or other communications to be given or delivered
under or by reason of the provisions of this Agreement shall be in writing and shall be deemed to
have been given when delivered personally or mailed by certified or registered mail, return receipt
requested and postage prepaid, to the recipient. Such notices, demands and other communications
shall be sent to you at the then current address of record in the Company’s files and to the
Company and MDCP at the addresses indicated below:

If to the Company:

Pierre Holding Corp.

9990 Princeton Road

Cincinnati, Ohio 45246

Attn: Board of Directors

-12-

 

If to MDCP:

Madison Dearborn Partners, IV, L.P.

Three First National Plaza

Suite 3800

Chicago, IL 60602

Telephone:      312-895-1000

Attention:      Robin P. Selati

or to such other address or to the attention of such other person as the recipient party has
specified by prior written notice to the sending party.

     23. Third-Party Beneficiary. The Company and you acknowledge that MDCP is a
third-party beneficiary under this Agreement.

     24. Entire Agreement. This Agreement and the Plan constitute the entire understanding
between you and the Company, and supersede all other agreements, whether written or oral, with
respect to the acquisition by you of Common Stock of the Company. If there are any conflicts in
terms and conditions between this Agreement and the Plan, the terms and conditions of the Plan
shall govern, unless otherwise determined by the Committee or the Board.

* * * * *

-13-

 

 

     Please execute the extra copy of this Agreement in the space below and return it to the
Company’s Secretary at its executive offices to confirm your understanding and acceptance of the
agreements contained in this Agreement.

	 	 	 	 	 	 	 
	

	 	Very truly yours,
	 
	 	 	 	 	 	 
	

	 	PIERRE HOLDING CORP.
	 
	 	 	 	 	 	 
	

	 	By:	 	 	 	 
	

	 	 	 	 
	

	 	 	 	Name:	 	 
	

	 	 	 	 	 	 
	

	 	 	 	Title:	 	 
	

	 	 	 	 	 	 

	 	 	 	 	 
	Enclosures:

	 	(1)	 	Extra copy of this Agreement
	

	 	(2)	 	Copy of the Plan

     The undersigned hereby acknowledges having read this Agreement and the Plan and hereby agrees
to be bound by all provisions set forth herein and in the Plan.

	 	 	 
	Dated:

	 	OPTIONEE
	 
	 	 
	 

	

	 	 
	

	 	Name:

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