NON QUALIFIED STOCK OPTION AGREEMENT dated as of , 2005 (the “Grant Date”), between BHI ACQUISITION CORP., a Delaware corporation (the “Company”), and the optionee identified on the signature page attached hereto (the “Optionee”).Non Qualified Stock Option Agreement • May 16th, 2005 • Borden Chemical Inc • Plastic materials, synth resins & nonvulcan elastomers • Delaware
WHEREAS, the Company, acting through its Board of Directors (the “Board”) has granted to the Optionee, effective as of the date of this Agreement, an option to purchase a number of shares of common stock of the Company, par value $0.001 per share (the “Common Stock”), on the terms and subject to the conditions set forth in this Agreement;
