ISO
AMERICAN FINANCIAL GROUP, INC. ("AFG")
STOCK OPTION AGREEMENT
Subject and pursuant to the provisions of the AFG Stock Option
Plan (the "Plan"), _____________(the "Optionee") is hereby granted
the option (the "Option') to purchase _______________ (___) fully
paid and non-assessable shares of AFG Common Stock, upon and subject
to the following terms and conditions:
1. Effective Date of Grant: ________________
2. Option Price: $_______________
3. Duration of Option: Expires on _______________ or sooner.
Please see the enclosed Plan for further explanation.
4. Option Type: ISO (which term as used herein shall mean an
option intended to be an "incentive stock option" within the meaning
of Section 422 of the Internal Revenue Code of 1986, as amended (the
"Code").
5. Vesting: 20% per year as follows:
____ on __________________
____ on __________________
____ on __________________
____ on __________________
____ on __________________
See Section 5(d)(iii) of the Plan for further vesting information.
6. Exercise of Option. Optionee must send to AFG's Corporate
Secretary (a) written notice specifying the number of shares for
which the option is exercised and (b) payment of the option price
plus applicable withholding taxes, if necessary. Among other payment
methods, you may pay for option shares with certain shares of AFG
common stock which you already own. See Section 5(d)(iv) of the Plan
for further explanation.
7. Termination of Employment. See Section 5(d)(v) of the Plan
for further explanation.
Please read the enclosed Plan for a full explanation of the
conditions and terms of this stock option grant.
Optionee acknowledges receipt of a copy of the Plan dated
5/28/98. Optionee hereby agrees to accept this ISO agreement as a
brief description of terms and conditions of the Plan and also agrees
to accept as final and conclusive all determinations, interpretations
and constructions made by the Committee pursuant to the Plan and the
Option.
AMERICAN FINANCIAL GROUP, INC.
By:_________________________________________
Xxxxx X. Xxxxxxx, Vice President, Deputy
General Counsel & Secretary
_________________________________________
Optionee
NON-ISO
AMERICAN FINANCIAL GROUP, INC. ("AFG")
STOCK OPTION AGREEMENT
Subject and pursuant to the provisions of the AFG Stock Option
Plan (the "Plan"), ____________________(the "Optionee") is hereby
granted the option (the "Option') to purchase _______________
(_______) fully paid and non-assessable shares of AFG Common Stock,
upon and subject to the following terms and conditions:
1. Effective Date of Grant: ___________________
2. Option Price: $__________________
3. Duration of Option: Expires on ______________ or sooner.
Please see the enclosed Plan for further explanation.
4. Option Type: NON-ISO (which term as used herein shall mean
an option not intended to be an "incentive stock option" within the
meaning of Section 422 of the Internal Revenue Code of 1986, as
amended (the "Code").
5. Vesting: 20% per year as follows:
____ on __________________
____ on __________________
____ on __________________
____ on __________________
____ on __________________
See Section 5(d)(iii) of the Plan for further vesting information.
6. Exercise of Option. Optionee must send to AFG's Corporate
Secretary (a) written notice specifying the number of shares for
which the option is exercised and (b) payment of the option price
plus applicable withholding taxes. Among other payment methods, you
may pay for option shares with certain shares of AFG common stock
which you already own. See Section 5(d)(iv) of the Plan for further
explanation.
7. Transferability. Non-transferable except as explained in
Section 8 of the Plan.
8. Termination of Employment. See Section 5(d)(v) of the Plan
for further explanation.
Please read the enclosed Plan for a full explanation of the
conditions and terms of this stock option grant.
Optionee acknowledges receipt of a copy of the Plan dated
5/28/98. Optionee hereby agrees to accept this NON-ISO agreement as
a brief description of terms and conditions of the Plan and also
agrees to accept as final and conclusive all determinations,
interpretations and constructions made by the Committee pursuant to
the Plan and the Option.
AMERICAN FINANCIAL GROUP, INC.
By:_________________________________________
Xxxxx X. Xxxxxxx, Vice President, Deputy
General Counsel & Secretary
_________________________________________
Optionee
OUTSIDE DIRECTOR
NON-ISO
AMERICAN FINANCIAL GROUP, INC. ("AFG")
STOCK OPTION AGREEMENT
Subject and pursuant to the provisions of the AFG Stock Option
Plan (the "Plan"), _____________________ (the "Optionee") is hereby
granted the option (the "Option') to purchase __________________
(_______) fully paid and non-assessable shares of AFG Common Stock,
upon and subject to the following terms and conditions:
1. Effective Date of Grant: _____________
2. Option Price: $____________
3. Duration of Option: Expires on _______________ or sooner.
Please see the enclosed Plan for further explanation.
4. Option Type: NON-ISO (which term as used herein shall mean
an option not intended to be an "incentive stock option" within the
meaning of Section 422 of the Internal Revenue Code of 1986, as
amended (the "Code").
5. Vesting: 100% vested on date of grant.
6. Exercise of Option. Optionee must send to AFG's Corporate
Secretary (a) written notice specifying the number of shares for
which the option is exercised and (b) payment of the option price
plus applicable withholding taxes. Among other payment methods, you
may pay for option shares with certain shares of AFG common stock
which you already own. See Section 6(b)(vi) of the Plan for further
explanation.
7. Transferability. Non-transferable except as explained in
Section 8 of the Plan.
8. Termination of Employment. See Section 6(b)(vii) of the
Plan for further explanation.
Please read the enclosed Plan for a full explanation of the
conditions and terms of this stock option grant.
Optionee acknowledges receipt of a copy of the Plan dated
5/28/98. Optionee hereby agrees to accept this NON-ISO agreement as
a brief description of terms and conditions of the Plan and also
agrees to accept as final and conclusive all determinations,
interpretations and constructions made by the Committee pursuant to
the Plan and the Option.
AMERICAN FINANCIAL GROUP, INC.
By:_________________________________________
Xxxxx X. Xxxxxxx, Vice President, Deputy
General Counsel & Secretary
_________________________________________
Optionee