WILD OATS MARKETS, INC. 2006 EQUITY INCENTIVE PLAN NON-QUALIFIED STOCK OPTION AGREEMENT FOR DIRECTORSEquity Incentive Plan Non-Qualified Stock Option Agreement for Directors • May 11th, 2006 • Wild Oats Markets Inc • Retail-convenience stores • Delaware
THIS AGREEMENT made as of ____________, 2___, between Wild Oats Markets, Inc., a Delaware corporation (the "Company"), and ______________ (the "Option Holder"). 1. Grant of Option. Pursuant to the Wild Oats Markets, Inc. Equity Incentive Plan (the "Plan") and subject to the terms and conditions of this Agreement, the Company hereby grants to the Option Holder a non-qualified option (the "Option") to purchase 20,000 shares of the common stock of the Company (the "Stock") at an exercise price per share of $_________ (the "Option Price"). The Option grant shall be effective as of __________, ____ (the "Grant Date"). The Option is not intended to qualify as an incentive stock option under Section 422 of the Internal Revenue Code of 1986, as amended (the "Code").
