Packaging Corporation of America
Exhibit 10.1
Packaging Corporation of America
1999 Long-Term Equity Incentive Plan
Form of Stock Option Agreement
(Non-Qualified Stock Option)
By this agreement, Packaging Corporation of America grants to [NAME] an option to purchase shares of the Company’s common stock, $.01 par value, subject to the terms and conditions set forth below, in the attached Plan Prospectus, and in the PCA 1999 Long-Term Equity Incentive Plan, as may from time to time be amended and/or restated, all of which are an integral part of this Agreement. A copy of the 1999 Long-Term Equity Incentive Plan may be obtained from the Company upon request.
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Grant Date |
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Expiration Date |
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Number of Options Granted |
Option Exercise Price |
This Option shall vest and become exercisable in installments on the dates specified below:
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Vesting |
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Number of Options |
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Cumulative |
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Years After Grant Date |
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Percentage |
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Exercisable |
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No. of Options |
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Less than one year |
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0 |
% |
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At least 1, but less than 2 years |
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33 |
% |
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At least 2, but less than 3 years |
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66 |
% |
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At least 3 years |
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100 |
% |
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Please indicate your acceptance of this Agreement by signing in the space provided below and returning this page to Xxxxxx Xxxxx, Director of Compensation and HRIS, located in Lake Forest. A timely return of this document within thirty days is appreciated.
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Packaging Corporation of America |
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By: |
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Accepted and Agreed: |
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Xxxx X. Xxxxxx |
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Chairman of the Board and CEO |
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Date |
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