STOCK OPTION AGREEMENT [Canadian Form of Agreement]Stock Option Agreement • July 28th, 2023 • Canadian Pacific Kansas City LTD/Cn • Railroads, line-haul operating • Alberta
This Stock Option Agreement (“Option Agreement”) is entered into between Canadian Pacific Kansas City Limited (formerly known as Canadian Pacific Railway Limited) (the “Corporation”) and the Participant[1] named below (the “Optionholder”) pursuant to the Canadian Pacific Railway Limited Management Stock Option Incentive Plan as amended from time to time (the “Plan”) and confirms that:
STOCK OPTION AGREEMENT [US Form of Agreement]Stock Option Agreement • July 28th, 2023 • Canadian Pacific Kansas City LTD/Cn • Railroads, line-haul operating • Minnesota
This Stock Option Agreement (“Option Agreement”) is entered into between Canadian Pacific Kansas City Limited (formerly known as Canadian Pacific Railway Limited) (the “Corporation”) and the Participant[1] named below (the “Optionholder”) pursuant to the Canadian Pacific Railway Limited Management Stock Option Incentive Plan as amended from time to time (the “Plan”)[, a sub-plan under the Canadian Pacific Railway Limited Section 162(m) Incentive Plan (the “162(m) Plan”),] and confirms that:
