Exhibit 99.4
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SCAN-OPTICS, INC.
000 Xxxxxxxx Xxxxx
Xxxxxxxxxx, Xxxxxxxxxxx 00000
2002 INCENTIVE AND NON-QUALIFIED STOCK OPTION PLAN
NON-QUALIFIED OPTION AGREEMENT
Subject to the terms of the 2002 Incentive and Non-Qualified Stock Option Plan
("Plan") of Scan-Optics, Inc. ("Company"), a true copy of which is annexed
hereto,
[________]
("Optionee") is hereby granted a Non-Qualified Stock Option (as defined in the
Plan) for [________] shares of the Common Stock of the Company at $ per share,
being not less than [________] % of the fair market value of the stock at the
time this Option is granted ("Option Price"). This Option expires on [________]
and is subject to any earlier termination as provided in the Plan. This Option
is exercisable by the Optionee as follows:
[________]
The Optionee hereby accepts the Option specified above and represents and agrees
that the Company shall not be required to issue shares upon the exercise of any
option unless a registration statement under the Securities Act of 1933 is in
effect with respect to the shares covered by such option, or unless the Company
has received evidence satisfactory to it to the effect that the holder of such
Option is acquiring such shares for investment and not with a view to the
distribution thereof.
Grant Date: [________]
SCAN-OPTICS, INC. Accepted:
By:_______________________ _______________________
Optionee
SCAN-OPTICS, INC.
000 Xxxxxxxx Xxxxx
Xxxxxxxxxx, Xxxxxxxxxxx 00000
2002 INCENTIVE AND NON-QUALIFIED STOCK OPTION PLAN
INCENTIVE OPTION AGREEMENT
Subject to the terms of the 2002 Incentive and Non-Qualified Stock Option Plan
("Plan") of Scan-Optics, Inc. ("Company"), a true copy of which is annexed
hereto,
[________]
("Optionee") is hereby granted an Incentive Stock Option (as defined in the
Plan) for [________] shares of the Common Stock of the Company at $ per share,
being not less than 100% of the fair market value of the stock at the time this
Option is granted ("Option Price"). This Option expires on [________] and is
subject to any earlier termination as provided in the Plan. This Option is
exercisable by the Optionee as follows:
[________]
The Optionee hereby accepts the Option specified above and represents and agrees
that the Company shall not be required to issue shares upon the exercise of any
option unless a registration statement under the Securities Act of 1933 is in
effect with respect to the shares covered by such option, or unless the Company
has received evidence satisfactory to it to the effect that the holder of such
Option is acquiring such shares for investment and not with a view to the
distribution thereof.
Grant Date: [________]
SCAN-OPTICS, INC. Accepted:
By:_______________________ _______________________
Optionee
