0000950103-08-000061 Sample Contracts

BANCO SANTANDER OPTION AGREEMENT FOR EXECUTIVES IN THE UNITED STATES
Banco Santander Option Agreement • January 15th, 2008 • Banco Santander, S.A. • Commercial banks, nec • Madrid

For the first part, José Luis Gómez-Alciturri, holder of N.I.F. 13.681.580 - F, on behalf and in representation of Banco Santander Central Hispano (hereinafter referred to as “Santander” or the “Institution”), having its address for the purpose of this agreement in Boadilla del Monte (Madrid), Avda. de Cantabria s/n.

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Banco Santander Option Agreement For Executives in Puerto Rico
Banco Santander Option Agreement • January 15th, 2008 • Banco Santander, S.A. • Commercial banks, nec • Puerto Rico

This agreement is executed on December ____, 2007, by and between _____________ (the “Subsidiary”), a corporation chartered under the laws of the Commonwealth of Puerto Rico, represented by José R. González and Ivonna Pacheco, in their capacities as President and First Senior Vice President, respectively, and ___________ (the “Executive”), and amends and replaces the “Benefits Coverage Agreement for Grupo Santander Executives,” dated XX, YYYYYYY, 2007.

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