EXHIBIT 10.1
XXXXX XXXXXX INCORPORATED
STOCK OPTION AGREEMENT
NAME
GRANTEE
Date of Grant: JULY 22, 2003
Total Number of Shares Granted: GRANT AMOUNT
Exercise Price per Share: $32.62
Expiration Date: JULY 22, 2013
Term of Award; Vesting Schedule: 3 YEARS, WITH VESTING OF 33 1/3% ON THE
ANNIVERSARY DATE OF THE DATE OF GRANT IN EACH
OF THE YEARS 2004, 2005, AND 2006.
Other Terms of Award: TERMS AND CONDITIONS ARE PROVIDED UPON
REQUEST AND ARE LOCATED ON THE BHI INTRANET
AT:
XXXX://XXXXXXXXXXX/XXXXXXXXXXXXXX/XXXXXXXXXXXX
GRANT OF OPTION
Pursuant to action taken by the Compensation Committee of the Board of Directors
of Xxxxx Xxxxxx Incorporated, a Delaware corporation (the "Company"), for the
purposes of administration of the [XXXXX XXXXXX INCORPORATED 2002 EMPLOYEE
LONG-TERM INCENTIVE PLAN OR XXXXX XXXXXX INCORPORATED 2002 DIRECTOR & OFFICER
LONG-TERM INCENTIVE PLAN] (the "Plan"), the above-named Grantee is hereby
granted a [NONQUALIFIED OR AN INCENTIVE] stock option to purchase the above
number of shares of the Company's $1 par value per share common stock at the
exercise price stated above for each share subject to this option, with the
exercise price payable at the time of exercise. This option may not be exercised
after the Expiration Date.
By your acceptance of the option, you agree that the option is granted under and
governed by the terms of the Plan, this Stock Option Agreement and the Terms and
Conditions of Option Agreements (dated January 2003).
XXXXX XXXXXX INCORPORATED
/S/ XXXXXXX X. XXXXX
Xxxxxxx X. Xxxxx - Chairman, President & CEO
