FORM OF STOCK OPTION AGREEMENT (LEVEL 16 AND ABOVE) SPECIAL RETIREMENTAnd Above) Special Retirement • February 28th, 2005 • Sealy Mattress CORP • Household furniture • Delaware
THIS AGREEMENT, dated as of the "Grant Date" set forth on the signature page hereof is made by and between Sealy Corporation, a Delaware corporation (hereinafter referred to as the "Company"), and the individual whose name is set forth on the signature page hereof, who is an employee of the Company or a Subsidiary or Affiliate of the Company, hereinafter referred to as the "Optionee". Any capitalized terms herein not otherwise defined in Article I shall have the meaning set forth in the Plan (as hereinafter defined).
