EXHIBIT 10(bb)
Form of Aaron Rents, Inc. 2001
Stock Option And Incentive Award Plan
Award Agreement (Options) for
Employees
This Award Agreement (the “
Agreement ”) is entered into as of the
,
by and between Aaron Rents, Inc., a Georgia corporation (the
“ Company ”), and
(the “ Grantee ”).
WITTNESSETH:
WHEREAS, the Aaron Rents, Inc. 2001 Stock Option and
Incentive Award Plan (the “ Plan ”) was adopted
by the Company, a copy of which is attached hereto as Exhibit
A and incorporated herein by reference; and
WHEREAS, on the date hereof, the Stock Option Committee
of the Board of Directors authorized the proper officers of the
Company to prepare and enter into an agreement with the Grantee
evidencing the grant of the options described herein;
NOW, THEREFORE,
for good and valuable consideration,
the receipt and sufficiency of which is hereby acknowledged, the
parties hereto agree as follows:
1.
Grant of Option . An option to purchase
shares of the Company’s Common Stock, par value $.50 per
share (“ Common Stock ”), is hereby granted to
the Grantee pursuant to the Plan (hereinafter referred to as the
“ Option ”). The Option is subject in all
respects to the terms and conditions of the Plan. For all
purposes of the Plan, the date of the Option granted hereunder (the
“ Grant Date ” ) shall be the
.
The Option is a nonqualified stock option and is not intended to
qualify as an incentive stock option within the meaning of Section
422 of the Internal Revenue Code of 1986, as amended.
2.
Option Price . The option price for all shares subject
to the Option is
per share.
3.
Securities Laws Restrictions . The Option may not be exercised at any
time unless, in the opinion of counsel for the Company, the
issuance and sale of the shares issued upon such exercise is exempt
from registration under the Securities Act of 1933, as amended (the
“ 1933 Act ”), or any other applicable
securities or “blue sky” laws, or the shares have been
registered under such laws. The Company shall not be required
to register the shares issuable upon the exercise of the Option
under any such laws. Unless the shares have been registered
under all such laws, the Grantee shall represent, warrant and
agree, as a condition to the exercise of the Option, that the
shares are being purchased for investment only and without a view
to any sale or distribution of such shares and that such shares
shall not be transferred or disposed of in any manner without
registration under such laws, unless it is the opinion of
cou
