Sound Financial, Inc.
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>ex10-2.htm
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 15.95pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 15.95pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">SOUND
FINANCIAL, INC.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 15.95pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">2008
EQUITY INCENTIVE PLAN</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt; LINE-HEIGHT: 13.7pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 13.7pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">NON-QUALIFIED STOCK OPTION
AWARD AGREEMENT</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt; LINE-HEIGHT: 13.7pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt; LINE-HEIGHT: 13.7pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 13.7pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">NQSO No.
_______________&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Grant
Date: _______________</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt; LINE-HEIGHT: 13.7pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 13.7pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">This
Non-Qualified Stock Option Award (&#8220;NQSO&#8221;) is granted by Sound Financial, Inc.
(&#8220;Company&#8221;) to <font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-STYLE: italic">[Name]</font>
(&#8220;Option Holder&#8221;) in accordance with the terms of this Non-Qualified Stock
Option Award Agreement (&#8220;Agreement&#8221;) and subject to the provisions of the Sound
Financial, Inc. 2008 Equity Incentive Plan, as amended from time to time
(&#8220;Plan&#8221;).&#160;&#160;The Plan is incorporated herein by reference.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt; LINE-HEIGHT: 13.7pt"><br></div>
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                <div><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">1.&#160;&#160;</font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">NQSO
      Award</font>.&#160;&#160;The Company grants to Option Holder NQSOs to
      purchase <font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-STYLE: italic">[</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-STYLE: italic; TEXT-DECORATION: underline">Number</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-STYLE: italic">]</font><font style="DISPLAY: inline; FONT-STYLE: italic">&#160;</font>Shares at an
      Exercise Price of <font style="DISPLAY: inline; FONT-STYLE: italic">$</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-STYLE: italic">[</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-STYLE: italic; TEXT-DECORATION: underline">Number</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-STYLE: italic">]</font><font style="DISPLAY: inline; FONT-STYLE: italic">&#160;</font>per
      Share.&#160;&#160;These NQSOs are subject to forfeiture and to limits on
      transferability until they vest, as provided in Sections 5 and 6 of this
      Agreement and in Article V of the
Plan.</font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">
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                <div><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">2.&#160;&#160;</font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">Vesting
      Dates</font>:&#160;&#160;The NQSOs shall vest as follows, subject to
      earlier vesting in the event of a termination of Service as provided in
      Section 6:</font></div>
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                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: -21pt; LINE-HEIGHT: 13.7pt; MARGIN-RIGHT: 39.6pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman; TEXT-DECORATION: underline"><font style="DISPLAY: inline">Vesting Date</font></font></div>
                  </td>
                  <td valign="top" width="31%">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: -21pt; LINE-HEIGHT: 13.7pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">NQSOs
      for</font></div>
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: -21pt; LINE-HEIGHT: 13.7pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman; TEXT-DECORATION: underline"><font style="DISPLAY: inline">Number of Shares Vesting</font></font></div>
                  </td>
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                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: -21pt; LINE-HEIGHT: 13.7pt; MARGIN-RIGHT: 39.6pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">[Over
      at least 5 years beginning</font></div>
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: -21pt; LINE-HEIGHT: 13.7pt; MARGIN-RIGHT: 39.6pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">one
      year from the Grant Date.]</font></div>
                  </td>
                  <td valign="top" width="31%">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: -21pt; LINE-HEIGHT: 13.7pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">[20%
      or less in each annual</font></div>
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: -21pt; LINE-HEIGHT: 13.7pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">installment]</font></div>
                  </td>
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      <div style="DISPLAY: block; TEXT-INDENT: 0pt; LINE-HEIGHT: 13.7pt"><br></div>
      <div>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">
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                <div><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">3.&#160;&#160;</font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">Exercise</font>:&#160;&#160;The
      Option Holder (or in the case of the death of the Option Holder, the
      designated legal representative or heir of the Option Holder) may exercise
      the NQSOs during the Exercise Period by giving written notice to the
      Secretary of the Company in the form required by the Committee (&#8220;Exercise
      Notice&#8221;).&#160;&#160;The Exercise Notice must specify the number of Shares
      to be purchased, which shall be at least 100 unless fewer shares remain
      unexercised.&#160;&#160;The exercise date is the date the Exercise Notice
      is received by the Company.&#160;&#160;The Exercise Period commences on
      the Vesting Date and expires at 5:00 p.m., Seattle, Washington time, on
      the date 10 years after the Grant Date, subject to earlier expiration in
      the event of a termination of Service as provided in Section
      6.&#160;&#160;Any NQSOs not exercised as of the close of business on the
      last day of the Exercise Period shall be cancelled without consideration
      at that time.</font></div>
              </td>
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        </table>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 13.7pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">The
Exercise Notice shall be accompanied by payment in full of the Exercise Price
for the Shares being purchased.&#160;&#160;Payment shall be made: (a) in cash,
which may be in the form of a check, money order, cashier's check or certified
check, payable to the Company, or (b) by delivering Shares of the Company
already owned by the Option Holder having a Fair Market Value on the exercise
date equal to the aggregate Exercise Price to be paid, or (c) a combination of
cash and such Shares.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 13.7pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 13.7pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 13.7pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">
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                <div><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">4.&#160;&#160;</font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">Related
      Awards</font>:&#160;&#160;These NQSOs <font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-STYLE: italic">[are
      not</font> <font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-STYLE: italic">related to
      any other Award under the Plan.] </font><font style="DISPLAY: inline; FONT-STYLE: italic">or</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-STYLE: italic"> [are
      related to stock appreciation rights granted on the Grant Date and
      designated SAR Nos. ___.&#160;&#160;To the extent any of the related stock
      appreciation rights is exercised, the NQSOs shall terminate with respect
      to the same number of
Shares.]</font></font></div>
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      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">
            <tr valign="top">
              <td align="right" style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">5.&#160;&#160;</font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">Transferability</font>.&#160;&#160;The
      Option Holder may not sell, assign, transfer, pledge or otherwise encumber
      any NQSOs, except in the event of the Option Holder&#8217;s death, by will or by
      the laws of descent and distribution or pursuant to a Qualified Domestic
      Relations Order.&#160;&#160;The Committee, in its sole and absolute
      discretion, may allow the Option Holder to transfer one or more NQSOs to
      the Option Holder&#8217;s Family Members, as provided in the
    Plan.</font></div>
              </td>
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        </table>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">
            <tr valign="top">
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                <div><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">6.&#160;&#160;</font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">Termination</font><font style="DISPLAY: inline; TEXT-DECORATION: underline">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">of
      Service</font>.&#160;&#160;If the Option Holder terminates Service for any
      reason other than in connection with a Change in Control or the death or
      Disability of the Option Holder, any NQSOs that have not vested as of the
      date of that termination shall be forfeited to the Company, and the
      Exercise Period shall expire three months after that termination of
      Service, except in the case of a Termination for Cause, when it shall
      expire immediately.&#160;&#160;If the Option Holder&#8217;s Service terminates
      on account of the Option Holder&#8217;s death or Disability, the Vesting Date
      for all NQSOs that have not vested or been forfeited shall be accelerated
      to the date of that termination of Service, and the Exercise Period shall
      expire one year after that termination of
  Service.</font></div>
              </td>
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        </table>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">
            <tr valign="top">
              <td align="right" style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">7.&#160;&#160;</font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">Effect
      of Change in Control</font>.&#160;&#160;Upon a Change in Control, the
      Vesting Date for all NQSOs that have not vested or been forfeited shall be
      accelerated to the date of the earliest event constituting a Change in
      Control.&#160;&#160;<font style="DISPLAY: inline; FONT-STYLE: italic">[May
      be modified at Committee&#8217;s election for 280G planning purposes for
      executive officers or directors holding 1% or more of the Company&#8217;s
      outstanding stock.]</font></font></div>
              </td>
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        </table>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">
            <tr valign="top">
              <td align="right" style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">8.&#160;&#160;</font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">Option
      Holder&#8217;s Rights</font>.&#160;&#160;The NQSOs awarded hereby do not entitle
      the Option Holder to any rights of a shareholder of the
      Company.</font></div>
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      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">
            <tr valign="top">
              <td align="right" style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">9.&#160;&#160;</font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">Delivery
      of Shares to Option Holder</font>.&#160;&#160;Promptly after receipt of an
      Exercise Notice and full payment of the Exercise Price for the Shares
      being acquired, the Company shall issue and deliver to the Option Holder
      (or other person validly exercising the NQSO) a certificate or
      certificates representing the Shares of Common Stock being purchased,
      registered in the name of the Option Holder (or such other person), or,
      upon request, in the name of the Option Holder (or such other person) and
      in the name of another person in such form of joint ownership as requested
      by the Option Holder (or such other person) pursuant to applicable state
      law.&#160;&#160;The Company&#8217;s obligation to deliver a stock certificate
      for Shares purchased in the exercise of an NQSO can be conditioned upon
      the receipt of a representation of investment intent from the Option
      Holder (or the Option Holder&#8217;s Beneficiary) in such form as the Committee
      requires.&#160;&#160;The Company shall not be required to deliver stock
      certificates for Shares purchased prior to: (a) the listing of those
      Shares on the Nasdaq; or (b) the completion of any registration or
      qualification of those Shares required under applicable
    law.</font></div>
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                <div><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">10.&#160;&#160;</font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">Adjustments
      in Shares</font>.&#160;&#160;In the event of any recapitalization, stock
      split, reorganization, merger, consolidation, spin-off, combination,
      exchange of securities, stock dividend, special or recurring dividend or
      distribution, liquidation, dissolution or other similar corporate
      transaction or event, the Committee, in its sole discretion, may adjust
      the number of Shares or class of securities of the Company covered by the
      NQSOs or the Exercise Price of the NQSOs.&#160;&#160;The Option Holder
      agrees to execute any documents required by the Committee in connection
      with an adjustment under this Section
10.</font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">
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                <div><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">11.&#160;&#160;</font></div>
              </td>
              <td>
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      the Option Holder to pay to the Company the amount of any tax that the
      Company is required to withhold with respect to such Shares, or in lieu
      thereof, to retain or sell without notice, a sufficient number of Shares
      to cover the minimum amount required to be withheld.&#160;&#160;The
      Company shall have the right to deduct from all dividends paid with
      respect to the Shares the amount of any taxes that the Company is required
      to withhold with respect to such dividend
  payments.</font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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        <table cellpadding="0" cellspacing="0" id="list" width="100%">
            <tr valign="top">
              <td align="right" style="WIDTH: 36pt">
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              <td>
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      the exercise of the NQSOs are subject in all respects to the provisions of
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      defined in this Agreement shall have the meaning ascribed to them in the
      Plan.&#160;&#160;All decisions, determinations and interpretations by
      Committee respecting the Plan, this Agreement, the award of NQSOs or the
      issuance of Shares upon the exercise of the NQSOs shall be binding and
      conclusive upon the Option Holder, any Beneficiary of the Option Holder or
      the legal representative thereof.</font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">
            <tr valign="top">
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              <td>
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      Option Holder&#8217;s service or employment as a director, officer or employee,
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      Committee may not amend, alter, suspend, discontinue or terminate any
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      Holder without the Option Holder&#8217;s written consent.&#160;&#160;To the
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      have the authority, in its sole discretion, to accelerate the vesting of
      the Shares or remove any other restrictions imposed on the Option Holder
      with respect to the Shares, whenever the Committee may determine that such
      action is appropriate by reason of any unusual or nonrecurring events
      affecting the Company, any Affiliate or their financial statements or any
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      principles.</font></div>
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              <td align="right" style="WIDTH: 36pt">
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              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">Option
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      receipt of a copy of the Plan by signing in the space provided below and
      returning the signed copy to the
Company.</font></div>
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WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as
of the date first above written.</font></div>
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    <div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 13.7pt; MARGIN-RIGHT: 0pt" align="justify">
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                <td valign="top" width="37%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;
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                <td valign="top" width="6%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;
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                <td valign="top" width="37%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;
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                <td valign="top" width="37%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;
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                <td valign="top" width="6%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;
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                <td valign="top" width="37%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;
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                <td valign="top" width="6%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;
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                <td valign="top" width="6%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;
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                <td valign="top" width="37%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;
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                <td valign="top" width="37%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;
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                <td valign="top" width="6%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;
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                <td valign="top" width="37%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;
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              <tr>
                <td valign="top" width="37%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;
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                <td valign="top" width="6%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;
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                <td valign="top" width="37%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;
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                <td align="left" valign="top" width="37%">
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                <td valign="top" width="37%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;
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                <td valign="top" width="6%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;
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                <td align="left" valign="top" width="37%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 13.7pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">(Signature)</font></div>
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                <td valign="top" width="6%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;
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                <td valign="top" width="37%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;
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                <td valign="top" width="6%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;
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                <td align="left" valign="top" width="37%">
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                <td align="left" valign="top" width="37%">
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Option Holder designates the following Beneficiary to receive the Shares upon
Option Holder&#8217;s death:</font></div>
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