0000916457-10-000037 Sample Contracts

CALPINE CORPORATION NON-QUALIFIED STOCK OPTION AGREEMENT Pursuant to the Amended and Restated 2008 Equity Incentive Plan
Non-Qualified Stock Option Agreement • November 8th, 2010 • Calpine Corp • Electric services

OPTION granted on November 3, 2010 (the "Grant Date"), by Calpine Corporation, a Delaware corporation (the "Corporation"), to JOHN B. (“Thad”) HILL, III (the "Grantee") pursuant to this Non-Qualified Stock Option Agreement ("Stock Option Agreement").

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