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EXHIBIT 4.2
PAINEWEBBER
INVESTMENT EXECUTIVE STOCK OPTION
MASTER AGREEMENT -- 1990
This Cover and Signature Page is the fist page of the PaineWebber
Investment Executive Stock Option Master Agreement -- 1990 (the "Agreement")
between Xxxxx Xxxxxx Group Inc. ("PWG") and each of the persons who are
designated as "Optionee" on a counterpart of this Cover and Signature Page and
who sign and return a copy of this Cover and Signature Page.
You, as the "Optionee" named on this counterpart of the Cover and Signature
Page, have been granted an option under the PaineWebber Investment Executive
Stock Option Plan (the "Plan") to purchase the number of shares of PWG common
stock, par value of $1.00 per share ("Common Stock"), indicated below at an
option price of $22.57 per share in respect of 1990.
This Agreement has already been signed in counterpart by the Administrator
of the Plan. Please sign your name in the space provided at the bottom of this
counterpart Cover and Signature Page and return the signed page to the
Administrator, whereupon this Agreement will become a legal and binding
agreement between you and PWG, effective as of the date stated below, governing
your rights with respect to the stock option granted to you hereunder.
1. Optionee:
Name _____________________________________________________________ ;
Social Security Number ___________________________________________ .
2. Number of Shares: ____________ .
* * * *
IN WITNESS WHEREOF, Xxxxx Xxxxxx Group Inc. and each of the persons who are
designated as "Optionee" on a counterpart of this Cover and Signature Page and
who execute such counterpart in the space provided below agree to be bound by
the terms and provisions of this Agreement, as of this 6th day of May, 1991.
ADMINISTRATOR, PAINEWEBBER OPTIONEE:
INVESTMENT EXECUTIVE STOCK
OPTION PLAN
By
______________________________ _____________________________
Director of Human Resources
PaineWebber Incorporated
* * * *
