EXHIBIT 10.4
WCA WASTE CORPORATION
STOCK OPTION AGREEMENT UNDER THE
2004 WCA WASTE CORPORATION INCENTIVE PLAN
This Stock Option Agreement (this "Agreement") is dated and effective as
of ________ __, 20__ (the "Grant Date"), between WCA Waste Corporation, a
Delaware corporation (the "Company"), and _______________ ("Optionee").
RECITALS
1. The Company has adopted the 2004 WCA Waste Corporation Incentive Plan
(the "Plan"), which permits the grant of, among other things,
[Non-Qualified][Non-Employee Director][Incentive] Options ("Options") to
purchase shares of the Company's common stock ("Common Stock") to
[Employees][Non-Employee Directors][Consultants] of the Company and its
Affiliates.
2. Optionee is [an Employee][a Non-Employee Director][a Consultant] of [an
Affiliate of] the Company, and the Company wants to issue Options to Optionee.
NOW, THEREFORE, for and in consideration of the premises and the mutual
covenants and agreements herein contained, the parties hereto agree as follows:
AGREEMENT
Section 1. DEFINITIONS. Each capitalized term used and not otherwise
defined herein shall have the meaning ascribed to such term in the Plan.
Section 2. GRANT OF OPTIONS. The Company hereby grants to Optionee
[Non-Qualified][Non-Employee Director][Incentive] Options to purchase up to
_________ shares of Common Stock at an exercise price of $_______ per share.
Subject to the provisions of Section 3 of this Agreement and all other
applicable provisions of the Plan, the Options granted by this Section 2 may be
exercised in whole or in part, as provided by the Plan, on or before _________
__, 20___.
Section 3. VESTING. Subject to the further provisions of the Plan, the
Options shall vest and become exercisable in accordance with the following
schedule:
Grant Date _____________ shares
1st Anniversary of Grant Date _____________ shares
2nd Anniversary of Grant Date _____________ shares
3rd Anniversary of Grant Date _____________ shares
Section 4. PLAN GOVERNS. Optionee hereby acknowledges receipt of a copy
the Plan. This Agreement and the Options granted under this Agreement are in all
respects governed by and
subject to the terms and conditions of the Plan, which is incorporated by
reference into this Agreement as if it had been repeated word-for-word in this
Agreement. In the event of any conflict between any provision of this Agreement
and any provision of the Plan, the provision of the Plan shall govern.
EXECUTED EFFECTIVE as of the date set forth above:
WCA WASTE CORPORATION
By: __________________________________
Name: ________________________________
Title: _______________________________
ACCEPTED:
_______________________________
[Name of Optionee]
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