Exhibit 4.6(b) OPTION AGREEMENTOption Agreement • June 24th, 1998 • WMS Industries Inc /De/ • Miscellaneous manufacturing industries
This letter will evidence the grant to you on __________________, ("Grant Date") by the Stock Option Committee of the Board of Directors of WMS Industries Inc. (the "Company") of an option pursuant to the Company's 1998 Non-Qualified Stock Option Plan (the "Plan") to purchase __________________ (__________________) shares of the Common Stock, par value $.50 per share ("Common Stock"), of the Company at a price of __________ ($__________ ) per share (the "Option"). Under applicable provisions of the Internal Revenue Code of 1986, as amended, the Option is treated as a non-qualified stock option.
