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EXHIBIT 10.1
YOUR NAME:
______________________
TOTAL NO. OF OPTIONS: ______________________
PRG-SCHULTZ NON-QUALIFIED STOCK OPTION AGREEMENT
FOR NON-EMPLOYEE DIRECTORS
PRG-SCHULTZ INTERNATIONAL, INC. ("PRG-Schultz") is pleased to grant
to the
person signing below ("you" or "Optionee") the nonqualified stock
option
described below under the PRG-Schultz Stock Incentive Plan (the
"Plan"). For tax
law purposes, this Option shall be treated as a Non-Qualified Stock
Option. This
Option is not intended to be and shall not be treated as an
Incentive Stock
Option for tax law purposes.
GRANT DATE:
------------------------------
EXERCISE PRICE PER SHARE:
$
------------------------------
OPTION EXPIRATION DATE:
------------------------------
START DATE FOR VESTING SCHEDULE:
------------------------------
VESTING SCHEDULE: Subject to the Plan and this Agreement, this
Option may be
exercised in whole or in part, before the Option Expiration Date,
in accordance
with the following schedule:
CUMULATIVE AMOUNT OF SHARES
ON OR AFTER
PURCHASABLE UPON EXERCISE OF OPTION
---------------------------
---------------------------------------
---------------------------
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---------------------------
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THE FOLLOWING DOCUMENTS ARE INCORPORATED IN THIS AGREEMENT BY
REFERENCE AND
CONTAIN IMPORTANT INFORMATION ABOUT YOUR OPTIONS. COPIES OF THESE
DOCUMENTS ARE
BEING PROVIDED TO YOU CONCURRENTLY WITH THIS STOCK OPTION
AGREEMENT. PLEASE
REVIEW CAREFULLY AND CONTACT PRG-SCHULTZ HUMAN RESOURCES IF YOU
HAVE ANY
QUESTIONS:
Additional Terms and Conditions describes how to exercise your
Option, what
happens if you cease to serve as a director of PRG-Schultz before
you exercise
your Option and where to send notices;
The Plan contains the detailed terms that govern your Option. If
anything in
this Agreement or the other attachments is inconsistent with the
Plan, the terms
of the Plan, as amended from time to time, will control;
Plan Prospectus Document covering the Options contains important
information;
and
200__ Annual Report of PRG-Schultz.
PLEASE SIGN BELOW TO SHOW THAT YOU ACCEPT THESE OPTIONS, KEEP A
COPY AND RETURN
BOTH ORIGINALS TO PRG-SCHULTZ HUMAN RESOURCES.
OPTIONEE:
PRG-SCHULTZ INTERNATIONAL, INC.
_____________________________________
By: _____________________________
Print Your Name: ____________________
Name: ___________________________
Your Residence Address: _____________
Its: ____________________________
_____________________________________
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ADDITIONAL TERMS AND CONDITIONS OF YOUR OPTION
HOW
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