Exhibit 10.03
AGREEMENT TO FORFEIT
NON-QUALIFIED STOCK OPTIONS
THIS AGREEMENT
, entered into this 15th day of
December, 2008 (the “Agreement Date”), is by and
between (Employee Name) (the “Employee”) and Caraustar
Industries, Inc. (the “Company”).
WHEREAS , the Company has adopted and sponsors the
Caraustar Industries, Inc. 2003 Long-Term Equity Incentive Plan
(the “Plan”), under which the Company is permitted to
grant equity based incentive compensation to its employees;
and
WHEREAS , one of the forms of equity based compensation
that may be granted under the Plan is non-qualified stock options;
and
WHEREAS , pursuant to Non-Qualified Stock Option Award
Agreement(s) entered into by and between the Company and the
Employee under the Plan on the following award dates, the Company
granted the Employee the stated number of non-qualified stock
options, of which the stated number of options were unexercised as
of the Agreement Date:
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Award Date
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Number of Stock
Options
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Unexercised Options On Agreement
Date
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[Various]
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[Various]
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[Various]
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WHEREAS , the Employee and the Company agree
that
