0001104349-14-000037 Sample Contracts

CAPELLA EDUCATION COMPANY Restricted Stock Unit Award Agreement Under the 2014 Equity Incentive Plan
Restricted Stock Unit Award Agreement • July 29th, 2014 • Capella Education Co • Services-educational services • Minnesota

Capella Education Company (the “Company”), pursuant to its 2014 Equity Incentive Plan (the “Plan”), hereby grants and award of restricted stock units (“Units”) to you, the Participant named below. The terms and conditions of this restricted stock unit Award are set forth in this Restricted Stock Unit Award Agreement (“Agreement”), consisting of this cover page and the Terms and Conditions on the following pages, and in the Plan document, a copy of which has been provided to you. To the extent any capitalized term used in this Agreement is not defined, it shall have the meaning assigned to it in the Plan as it currently exists or as it may be amended in the future.

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Capella Education Company Restricted Stock Unit Award Agreement Terms and Conditions
Restricted Stock Unit Award Agreement • July 29th, 2014 • Capella Education Co • Services-educational services • Minnesota
CAPELLA EDUCATION COMPANY Non-Statutory Stock Option Award Agreement Under the 2014 Equity Incentive Plan
Stock Option Award Agreement • July 29th, 2014 • Capella Education Co • Services-educational services • Minnesota

Capella Education Company (the “Company”), pursuant to its 2014 Equity Incentive Plan (the “Plan”), hereby grants to you, the Optionee named below, an Option to purchase the number of shares of the Company’s common stock shown in the table below at the specified exercise price per share. The terms and conditions of this Option Award are set forth in this Agreement, consisting of this cover page and the Option Terms and Conditions on the following pages, and in the Plan document, a copy of which has been provided to you. To the extent any capitalized term used in this Agreement is not defined, it shall have the meaning assigned to it in the Plan as it currently exists or as it may be amended in the future.

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