0000950144-05-002418 Sample Contracts

GLENAYRE 1996 INCENTIVE STOCK PLAN STOCK OPTION AGREEMENT
Stock Option Agreement • March 11th, 2005 • Glenayre Technologies Inc • Radio & tv broadcasting & communications equipment

Glenayre sponsors the Glenayre 1996 Incentive Stock Plan (the “Plan”). A Prospectus describing the Plan is enclosed. The Plan is available upon request, and its terms are incorporated in this Agreement. Terms defined in the Plan have the same meanings in this Agreement. Additional terms are defined in Exhibit A to this Agreement.

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