NONQUALIFIED STOCK OPTION AGREEMENTNonqualified Stock Option Agreement • May 10th, 2005 • Umpqua Holdings Corp • Savings institution, federally chartered • Oregon
This Nonqualified Stock Option Agreement is made and entered into pursuant to the terms of the 2003 Stock Incentive Plan (the “Plan”) adopted by the Board of Directors and Shareholders of Umpqua Holdings Corporation (the “Company”). Unless otherwise defined herein, capitalized terms defined in this Nonqualified Stock Option Agreement shall have the meanings as defined in the Plan.
