TBC CORP
EX-10.7 FORM OF OPTIONS TO THE 2000 STOCK OPTION PLAN
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<TYPE>EX-10.7
<SEQUENCE>8
<FILENAME>g91754exv10w7.txt
<DESCRIPTION>EX-10.7 FORM OF OPTIONS TO THE 2000 STOCK OPTION PLAN
<TEXT>
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                                                                    EXHIBIT 10.7

                                 TBC CORPORATION

                     STOCK OPTION, INCLUDING RELOAD FEATURE

         TBC CORPORATION, a Delaware corporation (the "Company"), hereby grants
to __________________ (the "Employee"), effective ________________ (the "Date of
Grant"), as a matter of separate inducement and agreement in connection with the
Employee's employment by the Company, and not in lieu of any salary or other
compensation for the Employee's services, an option to purchase ______ shares of
Common Stock of the Company, par value $.10 per share (the "Shares"), at a
purchase price of $_____ per share (the "Option").

         The Option is being granted under and pursuant to the Company's 2000
Stock Option Plan (the "Plan"), a copy of which is attached hereto as Exhibit A
and incorporated herein by reference. The Option is intended to qualify as an
Incentive Stock Option (as defined in the Plan) to the maximum extent provided
in Section 6(b)(2) of the Plan, and the balance (if any) of the Option shall be
treated and taxable as a Nonqualified Stock Option (as described in the Plan).

         The Option is granted subject to all the terms and conditions of the
Plan, including, but not limited to, the following:

         1.       If not earlier terminated as provided hereinafter, the Option
                  shall expire on __________, 2___ (the "Expiration Date"), and
                  shall not, under any circumstances, be exercisable after the
                  Expiration Date.

         2.       The Option shall not be exercisable within the first twelve
                  months after the Date of Grant. Thereafter, the Option shall
                  be exercisable for one-third of the Shares (to the nearest
                  whole Share) on and after the first anniversary of the Date of
                  Grant and an additional one-third of the Shares (to the
                  nearest whole Share) on or after the second anniversary of the
                  Date of Grant. On and after the third anniversary of the Date
                  of Grant, the Option may be exercised as to all or any part of
                  the Shares at any time and from time to time prior to the
                  close of business on the Expiration Date.

         3.       The restrictions on exercisability of the Option provided for
                  in Paragraph 2 shall not apply in the event the Employee
                  ceases to be employed by the Company as a result of retirement
                  on or after age 65 or earlier in accordance with the Company's
                  then current retirement policies, disability, or death, or in
                  the event a Change of Control (as defined in the Plan) of the
                  Company occurs on or prior to the date the Employee's
                  employment by the Company is terminated.

         4.       Except as otherwise provided hereinafter, the Employee shall
                  be entitled to exercise the Option only if the Employee has
                  been employed by the Company continuously during the period
                  from the Date of Grant to the date of exercise.

         5.       In the event the Employee ceases to be employed by the Company
                  for any reason other than retirement on or after age 65 or
                  earlier in accordance with the Company's then current
                  retirement policies, disability, or death, the Employee shall
                  be entitled to exercise the Option thereafter only for a
                  period of three months following the date of termination of
                  employment and only to the extent it was exercisable (after
                  giving effect to Paragraph 3, if applicable) on that date.
                  Notwithstanding the foregoing, if the Employee dies within
                  three months after termination of employment, the Option may
                  be exercised thereafter until the earlier of the Expiration
                  Date or one year after the date of the Employee's death, but
                  only to the extent the Option was exercisable (after giving
                  effect to Paragraph 3, if applicable) on the date of the
                  Employee's termination of employment.

         6.       Subject to the provisions of Paragraph 7, if the Employee
                  ceases to be employed by the Company as a result of retirement
                  on or after age 65 or earlier in accordance with the Company's
                  then current retirement policies, disability, or death, the
                  Option may be exercised thereafter until the earlier of the
                  Expiration Date or five years after the date of the Employee's
                  termination of employment. If at the time of the Employee's
                  retirement, the Employee is serving as a director of the
                  Company, the five year period set forth in the preceding
                  sentence shall be measured from the date the Employee ceases
                  service as a director of the Company.

         7.       If the Employee ceases to be employed by the Company as a
                  result of retirement on or after age 65 or earlier in
                  accordance with the Company's then current retirement policies
                  or as a result of disability, and thereafter dies within the
                  one year period prior to the date when the Option would have
                  expired in accordance with the provisions of Paragraph 6, the
                  Option shall remain outstanding until the earlier of the
                  Expiration Date or one year after the Employee's date of
                  death.


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         8.       The Option may not be sold, pledged, assigned, hypothecated,
                  or transferred other than by will, by the laws of descent and
                  distribution, or by the Employee's designation, in a writing
                  delivered to the Company before the Employee's death, of a
                  beneficiary or beneficiaries to whom the Employee's rights in
                  the Option will be transferred upon the Employee's death. The
                  Option may be exercised during the lifetime of the Employee
                  only by the Employee. Upon the Employee's death, the Option
                  may be exercised, during the respective periods and to the
                  extent provided above, by the beneficiary or beneficiaries so
                  designated by the Employee or, if there is no designated
                  beneficiary who survives the Employee, by the person or
                  persons (including the Employee's estate) to whom the
                  Employee's rights under the Option shall have passed by will
                  or by the laws of descent and distribution.

         9.       The Option shall include a reload feature, as described in and
                  subject to the provisions of Section 6(d) of the Plan.

         IN WITNESS WHEREOF, the Company has caused this instrument to be
executed as of the ____ day of __________, 2___.

TBC CORPORATION



By
    -----------------------------
    Name:
    Title:

I hereby acknowledge receipt of a copy of the 2000 Stock Option Plan and agree
to the terms and conditions under which the foregoing Option is granted as set
forth above and in the Plan.


---------------------------------
Employee

---------------------------------
Date

         NOTE: It is recommended that, before exercising this Option, you
consult counsel (including counsel for the Company) regarding:

         a. income tax aspects, such as the possible applicability of
Alternative Minimum Tax, and

         b. securities law aspects, such as reporting requirements and possible
applicability of the short swing profits provision.




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