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FORM
[2004/2005] STOCK OPTION PLAN
STOCK OPTION AWARD AND AGREEMENT
QUALIFIED STOCK OPTION
You have been
awarded a stock option under The O’Gara Group, Inc.’s
[2004/2005] Stock Option Plan (“[2004/2005] Plan”).
This award gives you an opportunity to share in the Company’s
long-term growth through an option to buy shares of the
Company’s common stock at a fixed price at some future date.
Over time, assuming the Company’s stock price increases, this
stock option can provide you with additional compensation. Please
read and return this Agreement as requested below.
GRANT : The O’Gara Group, Inc.
(“Company”) grants to you, the Optionee named below, a
Qualified Stock Option (the “Option”) to purchase
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shares of the Company’s common stock (the
“Shares”) as follows:
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Shares:
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Vest
Date:
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Exercise
Price:
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Grant
Date:
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VESTING : The Shares granted pursuant to the Option will
become fully vested on the date shown.
TERM :
Except as otherwise provided in the [2004/2005] Plan, and except
that unvested options terminate immediately upon termination of
employment with or to the Company, the Option terminates on the
earlier of (i) ten years less one day from
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