NON-QUALIFIED STOCK OPTION

Exhibit 10.32

NON-QUALIFIED STOCK OPTION

For [number of shares] Shares

To Purchase Common Stock of

THE COOPER COMPANIES, INC.

Issued Pursuant to The Cooper Companies, Inc.

2007 Long Term Incentive Plan (“the Plan”)

THIS CERTIFIES that on [date of grant] [Name] (the “Holder”) was granted an option (the “Option”) to purchase at the price of $[100% of Fair Market Value defined as the closing price of the Company’s stock on the date of grant] per share (the “Option Price”) all or any part of [Number of shares] fully paid and non-assessable shares (the “Shares”) of the common stock, par value $.10 per share, of The Cooper Companies, Inc. (the “Company”), upon and subject to the following terms and conditions:

Unless otherwise indicated herein to the contrary, capitalized terms used in this Option Certificate shall have the same meanings as set forth in the Plan.

1. Expiration . The Option shall expire on [tenth anniversary of date of grant] (the “Expiration Date”).

2. Non-Transferable . The Option may be exercised or surrendered during the Holder’s lifetime only by the Holder. This Option shall be non-transferable and non-assignable by the Holder other than by will or the laws of descent and distribution.

3. Vesting . The Option vests in equal portions on the earlier of: (i) each of the first four anniversaries of the date of grant, or (ii) the date when Average Closing Price reaches specified target amounts as follows:

Additionally, the options shall only vest if the Holder is employed by or a consultant of the Company when the specified target criteria have been met. The Holder shall forfeit the unvested portion of the Option and such option shall terminate and be cancelled at the time the Holder ceases to be an employee of or consultant to the Company, any Subsidiary or any Affiliate, in accordance with Section 8 of this Agreement.

1

For purposes of this Section 3, Average Closing Price shall mean the average of the closing prices of a share of common stock of the Company on the New York Stock Exchange (composite quotations, rounded to the nearest whole cent) for the days on which the common stock is so traded, during any 30 consecutive calendar day period commencing on the date the stock target is first achieved.

4. Exercise . The Option shall be exercised by the delivery, not less than one business day prior to the intended date of exercise, of a written notice of exercise in the form attached as Exhibit A hereto duly signed by the Holder, to the Company on any business day, at the Company’s principal office.

The Committee may condition the exercise of the Option or the issuance or delivery of the Shares upon the listing, registration or qualification of the Shares upon a securities exchange or under applicable securities laws. All certificates for Shares delivered under the Option shall be subject to such stock transfer order and other restrictions as the Committee may deem advisable under the rules, regulations and other requirements of the Securities and Exchange Commission, any stock exchange upon which the Stock is then listed and any applicable Federal or state securities law. The Committee may cause a legend or legends to be placed on any such certificates to make appropriate reference to such restrictions.

5. Payment . Payment for the Shares purchased pursuant to the exercise of the Option shall be made in full at the time of the exercise of the Option by (i) cash, check, or wire transfer, (ii) note or such other instrument as the Committee may accept, or (iii) through a broker initiated cash-less exercise. The Company shall not make loans to any option holder for payment of the purchase price of stock options.

6. Delivery of Shares and Remaining Option . Promptly after the Holder exercises the Option and makes full payment of the Option Price with respect to the Shares purchased pursuant to such exercise, the Company shall cause to be issued to the Holder or such other person as he/she may elect, the Shares purchased pursuant to the exercise of the Option. Unless the Holder requests in writing for a certificate to be issued, the Shares issuable upon exercise of the Option shall be held in book form or in a brokerage account designated by the Committee.

7. Income Tax . No later than the date as of which an amount first becomes includible in the gross income of the Holder for income tax purposes with respect to the Option, the Holder shall pay to the Company, or make arrangements satisfactory to the Committee regarding the payment of, any income tax required by law to be withheld with respect to such amount. The obligations of the Company under the Option shall be conditional on such payment or arrangements and the Company and its Subsidiaries or Affiliates shall, to the extent permitted by law, have the right to deduct any such taxes from any payment of any kind otherwise due to the Holder.

Unless otherwise determined by the Committee, withholding obligations may be settled with Stock, except Restricted Stock, including Stock that is part of the Shares giving rise to the withholding requirement unless such Shares are also Restricted Stock by reason of the Option exercise price having been paid by delivery of Restricted Stock. The obligations of the Company under the Option shall be conditional on such payment or arrangements and the Company and its Subsidiaries or Affiliates shall, to the extent permitted by law, have the right to deduct any such taxes from any payment of any kind otherwise due to the Holder.

8. Termination of Employment . If the Holder ceases to be an employee of or consultant to